世运电路涨1.83%，报41.82元/股，股价再创新高，总市值突破301.33亿元，成交额达7.36亿元。（第一 财经AI快讯） ...

电子 | 证券研究报告 — 调整盈利预测 2025 年 9 月 8 日 603920.SH 增持 原评级：增持 市场价格:人民币 37.96 板块评级:强于大市 (%) 今年 至今 1 个月 3 个月 12 个月 绝对 29.2 16.2 37.7 70.7 相对上证综指 12.4 10.8 25.0 34.0 发行股数 (百万) 720.55 流通股 (百万) 720.55 (10%) 10% 30% 50% 69% 89% Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 世运电路 上证综指 | 总市值 (人民币 百万) | 27,351.96 | | --- | --- | | 3 个月日均交易额 (人民币 百万) | 1,395.06 | | 主要股东 | | | 广东顺德控股集团有限公司 | 23.67% | 资料来源：公司公告， Wind ，中银证券 以 2025 年 9 月 5 日收市价为标准 相关研究报告 《世运电路》20250410 《世运电路》20240902 《世运电路》 ...

【机器人概念震荡拉升 三花智控等多股涨停】智通财经9月8日电，早盘机器人概念震荡拉升，三花智 控、鸣志电器、世运电路、日盈电子涨停，绿的谐波、华密新材、安培龙涨超10%，均胜电子、北特科 技、拓普集团、五洲新春等跟涨。消息面上，9月7日，特斯拉开通"TeslaAI"的官方微博，认证为"特斯 拉官方账号"，并发布首条微博展示其人形机器人。同时，特斯拉向马斯克提出一份史上最大薪酬方 案，价值1.2万亿美元，条件之一是交付100万台Optimus人形机器人。 转自：智通财经 ...

Group 1 - The company has commenced mass production supply of its AI glasses products for a major overseas client [1][2] - In the AI server sector, the company has achieved mass production of 28-layer AI server circuit boards, 24-layer ultra-low loss servers, and 5G communication PCBs [2] - The company has entered the high-speed connector and power module fields through ODM manufacturers and has completed certification for all AMD products [2] Group 2 - The company is providing products to major computing power center clients in Europe [2] - In the first half of 2025, the company secured a new product project with humanoid robot client F, entering the mass production preparation phase [2] - The company is actively advancing collaborations with leading domestic humanoid robot clients to obtain new generation humanoid robot project designations through client certifications [2]

Core Viewpoint - The company has successfully entered mass production for its AI glasses products for major overseas clients and has achieved significant milestones in the AI server and PCB sectors [1] Group 1: AI Glasses and Production - The company's AI glasses products have entered mass production for targeted projects with leading overseas clients [1] Group 2: AI Server and PCB Developments - The company has achieved mass production of 28-layer AI server circuit boards, 24-layer ultra-low loss servers, and 5G communication PCBs [1] - The company has entered the high-speed connector and power module sectors through ODM manufacturers [1] - The company has completed certification for all AMD products and is supplying products to major computing center clients in Europe [1] Group 3: Robotics Collaboration - In the first half of 2025, the company is preparing for mass production of new products for humanoid robot client F, following design freeze and project targeting [1] - The company is actively advancing collaborations with leading domestic humanoid robot clients to secure new generation humanoid robot project targeting through client certification [1]

Core Viewpoint - The company has successfully entered mass production for its AI glasses products for major overseas clients and has made significant advancements in the AI server and PCB sectors [1] Group 1: AI Glasses and Production - The company's AI glasses products have entered mass production for targeted projects with leading overseas clients [1] Group 2: AI Server and PCB Developments - The company has achieved mass production of 28-layer AI server circuit boards, 24-layer ultra-low loss servers, and 5G communication PCBs [1] - The company has entered the high-speed connector and power module sectors through ODM manufacturers and has completed certification for all AMD products [1] Group 3: Robotics Collaboration - In the first half of 2025, the company is preparing for mass production of new products for humanoid robot client F, following project designation and design freeze [1] - The company is actively advancing collaborations with leading domestic humanoid robot clients to obtain project designations for the next generation of humanoid robots [1]

重要内容提示： 登录新浪财经APP 搜索【信披】查看更多考评等级 公司使用部分闲置募集资金进行现金管理所涉及的理财产品属于低风险型产品，但金融市场受宏观经济 的影响较大，不排除该项投资受到市场波动的影响，面临收益波动风险、流动性风险、信用风险、操作 风险、信息技术系统风险、政策法律风险、不可抗力及意外事件风险、信息传递等风险。提醒广大投资 者注意投资风险。 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法律责任。 ■ 三、本次使用闲置募集资金进行现金管理对公司的影响 公司本次使用闲置募集资金进行现金管理是在不影响募集资金投资计划正常进行和保证募集资金安全的 前提下进行的，不存在变相改变募集资金用途的行为；本次对闲置募集资金进行现金管理，有利于提高 募集资金使用效率，获得一定的投资收益，为公司及股东获取更多的投资回报。 一、现金管理基本情况 1、现金管理额度预计情况 广东世运电路科技股份有限公司（以下简称"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 ...

Group 1 - The company aims to establish an integrated capability of "PCB - semiconductor - packaging" with automotive electronics as the foundation, focusing on high integration modular products [1] - In the first half of the year, the company achieved operating revenue of 2.579 billion yuan, a year-on-year increase of 7.64%, and a net profit attributable to shareholders of 384 million yuan, a year-on-year increase of 26.89% [1] - The PCB industry is experiencing high prosperity, with the company holding significant advantages in the automotive PCB sector while also expanding into AI, humanoid robots, low-altitude aircraft, AI smart glasses, and energy storage products [1] Group 2 - The deep integration of PCB and advanced packaging has become a core trend in the industry, addressing the dual challenges of "speed enhancement" and "power optimization" [2] - The company plans to invest 1.5 billion yuan to build a new generation PCB manufacturing base, producing embedded chip PCBs and enhancing high-end HDI product capacity [2] - The embedded PCB packaging technology is a semiconductor packaging technology that breaks through the physical boundaries of existing PCBs, integrating upstream and downstream value chains [2]

证券代码：603920 证券简称：世运电路 公告编号：2025-072 广东世运电路科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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法律责任。 重要内容提示： 基本情况 | 产品名称 | 广发证券收益凭证"收益宝"4 | | | | | | 号 | | --- | --- | --- | --- | --- | --- | --- | --- | | 受托方名称 | 广发证券股份有限公司 | | | | | | | | 购买金额 | 5,000 | 万元 | | | | | | | 产品期限 | 2025 3 年 | 年 9 | 月 | 日-2025 | 12 | 月 | 3 日 | | 产品名称 | 广发证券收益凭证"收益宝"11 号 | | --- | --- | | 受托方名称 | 广发证券股份有限公司 | | 购买金额 | 5,000 万元 | | 产品期限 | 2025 年 9 月 3 日-2026 年 3 月 4 日 | 风险提示 公司使用部分闲置募集资金进行现 ...

"今年以来，随着算力需求的不断提升，电子行业整体回暖，公司紧跟市场需求，积极开拓业务，订单 充足，尤其二季度承接大量高端订单，随着产线熟练度提升、生产效率逐季度改善，产能利用率与产值 将持续提升，为盈利增长奠定基础。同时未来公司将持续推进产品结构的优化，提升高附加值产品占 比，进一步强化公司盈利增长动力。"9月3日，世运电路（603920）董事长林育成在2025年半年度业绩 说明会上如是表示。 世运电路此前公布的2025年半年报显示，公司上半年实现营业收入25.79亿元，同比增长7.64%；归属于 母公司的净利润3.84亿元，同比增长26.89%；经营性现金流净额4.28亿元，超过净利润规模。 世运电路是一家集研发、生产和销售于一体的印制电路板制造企业，专业生产双面板、多高层板、 HDI、软板、软硬结合板、金属基板等线路板，产品广泛应用到不同的领域，包括汽车、工业、消费、 电脑及周边产品、通信和医疗类产品等。目前公司年产能超过500万平方米、年销售超过50亿元，已经 发展成为国内先进印制电路板制造企业之一。 在世运电路的业务板块中，汽车电路板占比最高，尤其是在新能源汽车方面，并以此为契机推进人工智 能、人形机 ...