证券代码：603920 证券简称：世运电路 公告编号：2025-079 注：公司与上述受托方不存在关联关系。 二、截至本公告披露日，公司使用闲置募集资金进行现金管理尚未到期的 金额为60,000万元。 特此公告。 广东世运电路科技股份有限公司（以下简称"本公司"或"公司"）于 2025 年 4 月 15 日召开了第五届董事会第三次会议和第五届监事会第三次会议，审议 通过了《关于使用部分闲置募集资金进行现金管理的议案》，同意公司使用最高 不超过人民币 110,000 万元的暂时闲置募集资金进行现金管理，主要用于购买安 全性高、流动性好、保本型约定存款或理财产品，且产品不得用于质押，单项投 资产品期限不超过 12 个月，决议有效期自公司董事会审议通过之日起 12 个月内 有效，公司可在上述额度及期限内滚动使用投资额度。具体内容详见公司于 2025 年 4 月 16 日在上海证券交易所网站（www.sse.com.cn）及其他选定信息披露媒 体披露的《世运电路关于使用部分闲置募集资金进行现金管理的公告》（公告编 号：2025-025）。 一、部分闲置募集资金进行现金管理赎回的情况 2025年9月22日，公司与中信银 ...

Market Review - The Huaxia Sci-Tech AI ETF (589010) fell by 3.87% on October 17, closing at 1.368 yuan, below the moving average, indicating technical pressure [1] - The trading volume reached 283 million yuan, showing moderate increase compared to previous periods, with overall market activity remaining vibrant [1] - All 30 constituent stocks declined, reflecting a generally pessimistic sentiment in the sector, with major declines from Daotong Technology (-7.46%), Anlu Technology (-7.04%), and Chip Original Co. (-6.84%) [1] - The Robot ETF (562500) decreased by 3.55%, in line with the CSI Robot Index, which fell by 3.57% [1] - The ETF exhibited a high-open low-close pattern throughout the day, stabilizing around 0.97 yuan after breaking through short-term moving averages [1] - The trading volume was approximately 1.615 billion shares, with a turnover of about 1.6 billion yuan, indicating sustained trading activity [1] - Among the 73 constituent stocks, only 5 rose while 68 fell, with Dongjie Intelligent and Jingye Intelligent showing slight increases, while Jingpin Special Equipment, Keda Intelligent, and Yijiahe had the largest declines [1] - The manufacturing automation and intelligent equipment sectors generally retreated, with increased individual stock differentiation [1] - The net inflow of ETF shares fluctuated significantly over the past five days [1] Hot News - UBTECH recently signed a humanoid robot procurement contract worth over 32 million yuan with a well-known listed automotive technology company, with its Walker series accumulating nearly 500 million yuan in orders [2] - The series features autonomous battery swapping technology and AI dual-loop capabilities, gradually being applied in smart manufacturing and logistics [2] - Shiyun Circuit announced that it has mastered high-density interconnect PCB technology suitable for humanoid robot central domain control systems, with full-process R&D and mass production capabilities [2] - These products meet the demands for high-performance chips, multi-channel signal synchronization, and low-latency response, having improved stability through material and process optimization [2] - The company is collaborating with a leading North American humanoid robot enterprise to advance mass production preparations and has reached agreements with three domestic leading companies, with one already in small-batch supply stage [2] - Yongmaotai has formed a strategic partnership with a leading domestic humanoid robot company to jointly promote new material R&D and industry standard formulation in the actuator and joint component fields, accelerating robot technology applications in automotive scenarios, though no significant short-term impact on revenue and profit is expected [2] Institutional Views - Huaxi Securities believes that with the accelerated layout of domestic and foreign enterprises and breakthroughs in AI technology, humanoid robots are expected to reach a mass production point [3] - Driven by cost reduction demands, there is a strong domestic replacement demand for core components of humanoid robots, indicating a broad market space [3] - Domestic companies that achieve breakthroughs first are expected to benefit significantly, with a focus on the accelerated growth of domestic robots and robotic dogs driving industry chain demand [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 20 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robot industry chain, facilitating investors' one-click layout in the sector [4] - The Huaxia Sci-Tech AI ETF (589010) represents the "brain" of robotics, with a 20% price fluctuation limit and small-cap elasticity, capturing the "singularity moment" of the AI industry [4]

Market Review - The Huaxia Sci-Tech AI ETF (589010) experienced a decline of 3.87% on October 17, closing at 1.368 yuan, below the moving average, indicating technical pressure [1] - The trading volume reached 283 million yuan, showing moderate increase compared to previous periods, with overall market activity remaining vibrant [1] - All 30 constituent stocks fell, reflecting a generally pessimistic sentiment in the sector, with notable declines from Daotong Technology (-7.46%), Anlu Technology (-7.04%), and Xinyuan Co. (-6.84%) [1] - The Robot ETF (562500) also fell by 3.55%, mirroring the decline of the CSI Robot Index (-3.57%) [1] - The ETF showed a high open and low close pattern, stabilizing around 0.97 yuan after breaking below the short-term moving average [1] - The trading volume was approximately 1.615 billion shares, with a turnover of about 1.6 billion yuan, indicating sustained trading activity [1] - Among the 73 constituent stocks, only 5 rose while 68 fell, with Dongjie Intelligent and Jingye Intelligent showing slight increases, while Jingpin Special Equipment, Keda Intelligent, and Yijiahe had the largest declines [1] - The manufacturing automation and intelligent equipment sectors generally retreated, with increased individual stock differentiation [1] - The net inflow of ETF shares fluctuated significantly over the past five days [1] Hot News - UBTECH recently signed a humanoid robot procurement contract worth over 32 million yuan with a well-known listed automotive technology company, with the Walker series accumulating nearly 500 million yuan in orders [2] - The series features autonomous battery swapping technology and AI dual-loop capabilities, gradually being applied in smart manufacturing and logistics [2] - Shiyun Circuit (603920) has mastered high-density interconnect PCB technology suitable for humanoid robot central domain control systems, with full-process R&D and mass production capabilities [2] - These products meet the demands for high-performance chips, multi-channel signal synchronization, and low-latency response, with stability improved through material and process optimization [2] - The company is collaborating with a leading North American humanoid robot enterprise to prepare for mass production and has reached agreements with three domestic leading companies, with one already in small-batch supply stage [2] - Yongmaotai (605208) has formed a strategic partnership with a leading domestic humanoid robot company to advance new material R&D and industry standard formulation in the actuator and joint component field, accelerating robot technology applications in automotive scenarios, though short-term revenue and profit impacts are expected to be minimal [2] Institutional Views - Huaxi Securities (002926) believes that with the accelerated layout of domestic and foreign enterprises and breakthroughs in AI technology, humanoid robots are expected to reach a mass production tipping point [3] - Driven by cost reduction demands, there is a strong domestic replacement demand for core components of humanoid robots, indicating a broad market space [3] - Domestic enterprises that achieve breakthroughs first are expected to benefit significantly, with a focus on the accelerated release of domestic robots and robotic dogs driving industry chain demand [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 20 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robot industry chain, facilitating investors' one-click layout in the Chinese robot sector [4] Featured ETFs - The Huaxia Sci-Tech AI ETF (589010) is described as the "brain" of robots, with a 20% fluctuation limit and small-cap elasticity, aiming to capture the "singularity moment" of the AI industry [5]

Core Viewpoint - The company is leveraging its first-mover advantage in overseas markets to expand into the domestic humanoid robot PCB sector, having established partnerships with three leading domestic humanoid robot companies [1] Group 1: Company Developments - The company has entered the small-batch supply phase for one project, which focuses on the control circuit of its first-generation commercial model [1] - Another project is in the late stage of sample validation, concentrating on high-power driver module PCB products [1]

Core Insights - The company has been collaborating with a leading North American humanoid robot enterprise since 2020, focusing on the development of key PCB products for core control modules and drive systems in humanoid robots [1] - The partnership has resulted in the completion of three generations of product iterations, establishing a technological moat in terms of signal transmission stability and anti-interference capabilities [1] - The company has reached a cooperation intention regarding mass production product supply and is preparing for key steps towards mass production, including reserving dedicated production line capacity and completing supply chain coordination [1] Development and Production - The company has delivered the first batch of mass production samples, which have passed validation, indicating readiness for subsequent orders as the client's production capacity is released [1] - The collaboration includes efforts to pass the client's mass production quality system audit, which is crucial for the transition to mass production [1]

Core Viewpoint - The company has developed a comprehensive technical capability in PCB products for humanoid robots, focusing on core control modules and drive systems, and is now entering the mass production phase with key partners in North America and China [1] Group 1: Collaboration and Development - Since 2020, the company has been collaborating with a leading North American humanoid robot enterprise on joint R&D, resulting in three generations of product iterations [1] - The company has established a technical moat in key indicators such as signal transmission stability and anti-interference [1] Group 2: Mass Production and Supply Chain - The company has reached a cooperation intention for product supply in the mass production phase and is preparing for key steps, including reserving dedicated production line capacity and completing supply chain coordination [1] - The first batch of mass production samples has been delivered and verified, with subsequent orders expected to be fulfilled as customer production capacity is released [1] Group 3: Domestic Market Expansion - In addition to its overseas advantages, the company is expanding into the domestic humanoid robot PCB market, having established partnerships with three leading domestic humanoid robot companies [1] - One project has entered the small batch supply stage, while another is in the late stage of sample verification, focusing on high-power drive module PCB products [1] Group 4: Future Investment and Growth - The company plans to increase R&D investment in the humanoid robot PCB field, with a focus on breakthroughs in high-density interconnection and lightweight substrate applications [1] - The goal is to deepen cooperation with domestic and international customers, gradually transforming the robotics-related business into a new growth driver for the company [1]

Group 1 - The company announced the restriction period for the stock options under the 2021 stock option incentive plan, which will be from October 24, 2025, to October 28, 2025 [1] - The second exercise period for the stock options is set from January 14, 2025, to December 6, 2025, and is currently in the exercise phase [1] - The company will apply to the China Securities Depository and Clearing Corporation Limited Shanghai Branch for the relevant matters regarding the restriction on exercising stock options [1]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据广东世运电路科技股份有限公司（以下简称"公司"）《2021 年股票 期权激励计划（草案）》及中国证券登记结算有限责任公司上海分公司关于股票 期权自主行权的相关规定，结合公司 2025 年第三季度报告披露计划，现就 2021 年股票期权激励计划的股票期权限制行权时间公告如下： 证券代码：603920 证券简称：世运电路 公告编号：2025-078 特此公告。 广东世运电路科技股份有限公司 广东世运电路科技股份有限公司董事会 关于 2021 年股票期权激励计划限制行权期间的提示性公告 一、2021 年股票期权激励计划预留授予股票期权第二个行权期（期权代码： 1000000290）为 2025 年 1 月 14 日至 2025 年 12 月 6 日，目前尚处于行权阶段。 二、本次限制行权期为 2025 年 10 月 24 日至 2025 年 10 月 28 日，在此期间 全部激励对象将限制行权。 三、公司将按照有关规定及时向中国证券登记结算有限责任公司上海分公司 申请办理限制 ...

每经AI快讯，10月13日，世运电路在互动平台表示，公司目前已通过OEM模式切入英伟达、AMD的供 应链体系，具体合作进展如下：英伟达方向，公司与TIER1头部企业深度协同，主要供应高速连接器模 块与电源模块产品；在配合客户快速响应算力需求增量的同时，双方正同步联合研发下一代新材料应用 方案，以进一步满足信号传输性能提升的核心需求。AMD方向，公司已完成其全系产品的认证流程， 当前已正式进入转量产筹备阶段。 ...

Core Insights - The company has successfully entered the supply chain of NVIDIA and AMD through an OEM model, indicating a strategic partnership with leading technology firms [1] Group 1: NVIDIA Collaboration - The company is deeply collaborating with Tier 1 enterprises to supply high-speed connector modules and power module products [1] - In response to the increasing demand for computing power, the company and NVIDIA are jointly developing next-generation material application solutions to enhance signal transmission performance [1] Group 2: AMD Collaboration - The company has completed the certification process for all of AMD's product lines and is currently preparing for mass production [1]