Summary of Key Points Core Viewpoint The announcement provides a detailed account of the fundraising activities and the management of the raised funds by Guangdong Shiyun Circuit Technology Co., Ltd. It outlines the total amount raised, the allocation of funds, and the management practices in place to ensure compliance with regulations. Fundraising Overview - The company raised a total of RMB 179,305.65 million by issuing 117,964,243 shares at RMB 15.20 per share, with net proceeds amounting to RMB 177,700.23 million after deducting various fees [1][2] - The funds were verified by Tianjian Accounting Firm, which issued a verification report [1] Fund Usage and Balance - As of the reporting period, the company had utilized RMB 54,940.41 million of the raised funds, with a net interest income of RMB 2,415.65 million [2][3] - The remaining balance of the raised funds was RMB 125,249.04 million, showing a discrepancy of RMB 73.57 million due to various fees and interest [2][3] Fund Management Practices - The company has established a fundraising management system to ensure the proper use and oversight of the raised funds, in compliance with relevant laws and regulations [3][4] - Funds are stored in dedicated bank accounts, and a tripartite supervision agreement was signed with the underwriter and banks to clarify the rights and obligations of all parties involved [4] Investment and Cash Management - The company has not used idle funds to temporarily supplement working capital and has instead engaged in cash management by investing in low-risk financial products [5][6] - The board approved the use of up to RMB 150,000 million of temporarily idle funds for cash management, ensuring that it does not affect the normal operation of investment projects [5][6] Fund Allocation and Project Status - The company has not changed the use of the raised funds for any projects and has adhered to the planned allocation [7] - There are no significant issues reported regarding the use and disclosure of the raised funds during the reporting period [7]

证券代码：603920 证券简称：世运电路 公告编号：2025-064 广东世运电路科技股份有限公司 关于变更部分募投项目及部分募投项目延期的公告 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： ? 原项目一名称：鹤山世茂电子科技有限公司年产 300 万平方米线路板新 建项目（二期）（以下简称"原项目一"） ? 原项目二名称：广东世运电路科技股份有限公司多层板技术升级项目（以 下简称"原项目二"） ? 新项目名称、投资金额：泰国高峰绿色工业园新建年产 120 万平方米高 端、高精密度印制电路板建设项目（一期）（以下简称"新项目"），计划总投 资额为 112,649.78 万元。 ? 变更募集资金投向的金额：原项目一的募集资金承诺投资总额为 于原项目一的实际建设进度，剩余尚未投入的募集资金合计 49,515.35 万元（截 至 2025 年 6 月 30 日已投入 8,184.88 万元，不包括累计收到的银行存款利息及 现金管理产品收益等扣除银行手续费后的净额，实际金额以转出及销户当日募集 资金专户中的余额为准） ...

Core Viewpoint - The company has adjusted its investment strategy for idle funds, allowing for a more efficient use of capital while ensuring that the investments remain within a controlled risk framework [2][3]. Investment Purpose - The primary goal is to enhance the efficiency of idle funds without affecting the company's core business operations, thereby aiming to improve asset returns and provide better investment returns for the company and its shareholders [2]. Investment Amount and Duration - The company plans to use up to RMB 2.1 billion (210,000 million) for entrusted wealth management, with a maximum of RMB 500 million (50,000 million) allocated to R3 risk level products. The investment will be valid for 12 months from the board's approval date, allowing for rolling investments within the specified limits [3][4]. Funding Source - The funds for the entrusted wealth management will come from the company's idle self-owned funds [3]. Investment Method and Types - The company will adhere to prudent investment principles, selecting financial institutions that issue liquid and overall risk-controlled investment products, with a risk level not exceeding R3. This includes various financial products such as bank wealth management products and structured deposits [3][4]. Implementation Method - The board has authorized the general manager to make investment decisions and sign relevant contracts, including selecting appropriate financial institutions and defining investment amounts and terms [4][5]. Review Procedure - The adjustment of investment types does not require shareholder approval, and the other original review matters remain unchanged [5]. Impact on the Company - Utilizing idle funds for entrusted wealth management will not disrupt the company's normal cash flow or operational needs. It is expected to enhance the efficiency of fund usage and generate certain investment returns, aligning with the interests of the company and its shareholders [6].

Section I Definitions [Definitions of Common Terms](index=5&type=section&id=Definitions%20of%20Common%20Terms) This section provides definitions for common terms used in the report, including company names, regulatory bodies, key subsidiaries, and related parties, clarifying the reporting period from January 1, 2025, to June 30, 2025 - The reporting period is defined as **January 1, 2025, to June 30, 2025**[18](index=18&type=chunk) - Lists the Chinese and foreign names of the company and its main subsidiaries and related parties, such as "Circuit World", "Shunkong Group", and "Xinhao International"[18](index=18&type=chunk) Section II Company Profile and Key Financial Indicators [I. Company Information](index=6&type=section&id=I.%20Company%20Information) This section outlines the company's basic registration information, including its Chinese name, abbreviation, foreign name and abbreviation, and legal representative - The company's Chinese name is Guangdong Circuit World Technology Co., Ltd., abbreviated as **Circuit World**[20](index=20&type=chunk) - The legal representative is **Lin Yucheng**[20](index=20&type=chunk) [II. Contact Person and Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Information) This section provides contact details for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, faxes, and email addresses, to facilitate investor communication - The Board Secretary is **Yin Jialiang**, and the Securities Affairs Representative is **Liu Sheng**[21](index=21&type=chunk) - The contact address for both is **No. 8 Shiyun Road, Gonghe Town, Heshan City, Guangdong Province**[21](index=21&type=chunk) [III. Brief Introduction to Changes in Basic Information](index=6&type=section&id=III.%20Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section describes the company's basic information, such as registered address, office address, website, and email, noting no significant changes during the reporting period - The company's registered and office address is **No. 8 Shiyun Road, Gonghe Town, Heshan City**[22](index=22&type=chunk) - There were no historical changes to the company's registered address during the reporting period[22](index=22&type=chunk) [IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=6&type=section&id=IV.%20Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Storage%20Locations) This section lists the company's designated newspapers for information disclosure, the website address for semi-annual reports, and the location for report storage, indicating no changes during the reporting period - The company's selected newspapers for information disclosure include **China Securities Journal, Shanghai Securities News, Securities Times, and Securities Daily**[23](index=23&type=chunk) - The website address for publishing semi-annual reports is **http://www.sse.com.cn/**[23](index=23&type=chunk) [V. Company Stock Overview](index=6&type=section&id=V.%20Company%20Stock%20Overview) This section provides basic information about the company's stock, including stock type, listing exchange, stock abbreviation, and stock code - The company's stock is **A-shares, listed on the Shanghai Stock Exchange, with stock abbreviation Circuit World and stock code 603920**[24](index=24&type=chunk) [VI. Other Relevant Information](index=6&type=section&id=VI.%20Other%20Relevant%20Information) This section discloses information about the accounting firm and sponsor institution appointed by the company for continuous supervision, including their names, office addresses, and signing personnel - The company's appointed accounting firm is **Tianjian Certified Public Accountants (Special General Partnership)**, with signing accountants **Long Qi and Xiao Bin**[26](index=26&type=chunk) - The sponsor institution responsible for continuous supervision is **CITIC Securities Co., Ltd.**, with signing sponsor representatives **Wang Xiaoyu and Yu Yuncai (formerly Shen Fei)**[26](index=26&type=chunk) [VII. Company's Key Accounting Data and Financial Indicators](index=7&type=section&id=VII.%20Company's%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section details the company's key accounting data and financial indicators for the first half of 2025, comparing them with the same period last year, showing significant growth in revenue and net profit, and improved cash flow 2025 H1 Key Accounting Data | Indicator | Current Reporting Period (Jan-Jun) (Yuan) | Prior Year Same Period (Yuan) | Change from Prior Year Same Period (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,578,768,934.58 | 2,395,654,508.53 | 7.64 | | Total Profit | 431,827,273.01 | 343,541,280.70 | 25.70 | | Net Profit Attributable to Shareholders of Listed Company | 384,134,793.67 | 302,735,169.28 | 26.89 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 356,547,034.64 | 298,245,792.66 | 19.55 | | Net Cash Flow from Operating Activities | 428,266,324.20 | 329,614,300.45 | 29.93 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 6,444,805,740.60 | 6,471,158,063.35 | -0.41 | | Total Assets (Period-end) | 8,881,072,466.48 | 8,988,996,135.42 | -1.20 | 2025 H1 Key Financial Indicators | Key Financial Indicators | Current Reporting Period (Jan-Jun) | Prior Year Same Period | Change from Prior Year Same Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.53 | 0.51 | 3.92 | | Diluted Earnings Per Share (Yuan/share) | 0.53 | 0.48 | 10.42 | | Basic Earnings Per Share (Excluding Non-Recurring Gains/Losses) (Yuan/share) | 0.5000 | 0.4987 | 0.27 | | Weighted Average Return on Net Assets (%) | 5.69 | 6.89 | Decrease of 1.20 percentage points | | Weighted Average Return on Net Assets (Excluding Non-Recurring Gains/Losses) (%) | 5.28 | 6.79 | Decrease of 1.51 percentage points | - Operating revenue increased by **7.64%**, primarily due to increased orders and optimized product structure[30](index=30&type=chunk) - Net profit attributable to shareholders of the listed company increased by **26.89%**, mainly due to increased operating revenue, improved gross profit margin, and higher investment and exchange gains[30](index=30&type=chunk) - Net cash flow from operating activities increased by **29.93%**, primarily due to growth in revenue and net profit[30](index=30&type=chunk) [IX. Non-Recurring Gains and Losses and Amounts](index=8&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) This section lists non-recurring gains and losses and their amounts for the reporting period, primarily including fair value changes in financial assets and government subsidies, totaling **27,587,759.03 Yuan** impact on net profit 2025 H1 Non-Recurring Gains and Losses | Non-Recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Disposal gains/losses of non-current assets | -476,915.56 | | Government subsidies recognized in current profit/loss | 2,156,763.77 | | Gains/losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal gains/losses of financial assets and liabilities | 31,971,501.43 | | Other non-operating income and expenses | -255,524.30 | | Less: Income tax impact | 5,126,136.60 | | Impact on minority interests (after tax) | 681,929.70 | | **Total** | **27,587,759.03** | Section III Management Discussion and Analysis [I. Overview of the Company's Industry and Main Business during the Reporting Period](index=10&type=section&id=I.%20Overview%20of%20the%20Company's%20Industry%20and%20Main%20Business%20during%20the%20Reporting%20Period) This section elaborates on the Printed Circuit Board (PCB) industry, its development stage, cyclical characteristics, and the company's position within it, detailing the company's main business, product applications, operating model, and market standing, emphasizing the support from automotive electronics and emerging businesses for performance - PCB is a critical interconnect component for electronic products, widely used, with industry growth closely tied to the overall development of the electronic information industry, exhibiting both weak cyclicality and growth characteristics[36](index=36&type=chunk)[37](index=37&type=chunk) - The company ranks **32nd among the top 100 global PCB suppliers** (Prismark 2024) and **19th in China's electronic circuit industry**, demonstrating strong industry competitiveness[38](index=38&type=chunk) - The company's main business involves the R&D, production, and sales of various PCBs, including high-layer rigid boards, HDI, flexible PCBs, rigid-flex PCBs, and metal-based PCBs, widely applied in automotive electronics

广东世运电路科技股份有限公司 委托理财管理制度 第一章 总 则 第一条 为规范广东世运电路科技股份有限公司（以下简称"公司"）的委 托理财行为，提高资金运作效率，防范委托理财决策和执行过程中的相关风险， 维护股东和公司的合法权益，根据《中华人民共和国公司法》《中华人民共和国 证券法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管 指引第 5 号——交易与关联交易》等有关法律、法规、规范性文件及《公司章程》 的有关规定，并结合公司实际情况，制定本制度。 第二条 本制度所称委托理财，是指在国家有关政策、法律、法规及上海证 券交易所相关业务规则允许和投资风险能有效控制的前提下公司将闲置资金委 托银行、信托、证券、基金、期货、保险资产管理机构、金融资产投资公司、私 募基金管理人等专业理财机构，对其财产进行投资和管理或者购买相关理财产品 的行为。 第三条 本制度适用于公司及全资子公司、控股子公司的委托理财管理。 第二章 委托理财的原则 第四条 公司进行委托理财的，应当严格按照本制度的决策程序、报告制度 和监控措施履行，并根据公司的风险承受能力确定投资规模，遵循审慎开展、依 法合规、科学决策、防范风险原则 ...

世运电路公告，2025年上半年营业收入25.79亿元，同比增长7.64%。净利润3.84亿元，同比增长 26.89%。 ...

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investment in safe and liquid financial products, with a maximum limit of RMB 1.1 billion [2]. Group 1: Cash Management Approval - The company held its fifth board meeting on April 15, 2025, where it approved the proposal to use up to RMB 110 million of temporarily idle raised funds for cash management [2]. - The funds will be primarily used to purchase high-security, liquid, and capital-preserving deposits or financial products, with individual investment products having a maximum term of 12 months [2]. - The decision is valid for 12 months from the date of board approval, allowing the company to roll over the investment amount within the specified limit and timeframe [2]. Group 2: Redemption Status - As of the date of the announcement, the company has not yet reached the maturity of RMB 1 billion in idle raised funds used for cash management [2].

证券日报网讯 8月20日晚间，世运电路发布公告称，公司使用部分闲置募集资金进行现金管理，近期赎 回共赢慧信汇率挂钩保本型结构性存款产品，赎回后划转募集资金专户金额为10，049.81万元，年化收 益率为2.02%。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100，000万 元。 （文章来源：证券日报） ...

证券代码：603920 证券简称：世运电路 公告编号：2025-061 一、部分闲置募集资金进行现金管理赎回的情况 广东世运电路科技股份有限公司 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100,000万元。 关于使用部分闲置募集资金进行现金管理到期赎回的公告 特此公告。 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。 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 ...

金融界消息 截至2025年8月14日收盘，世运电路（603920）报收于36.9元，下跌0.24%，换手率8.55%， 成交量61.64万手，成交金额23.02亿元。 天眼查商业履历信息显示，广东世运电路科技股份有限公司，成立于2005年，位于江门市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本65839.2438万人民币，实缴资本 31300万人民币。公司法定代表人为佘英杰。 通过天眼查大数据分析，广东世运电路科技股份有限公司共对外投资了10家企业，参与招投标项目52 次，知识产权方面有商标信息2条，专利信息98条，此外企业还拥有行政许可78个。 来源：金融界 资金流向方面，今日主力资金净流出4023.69万元，占比成交额1.75%。其中，超大单净流出369.73万 元、占成交额0.16%，大单净流出3653.96万元、占成交额1.59%，中单净流出流出7066.52万元、占成交 额3.07%，小单净流入1.11亿元、占成交额4.82%。 世运电路最新一期业绩显示，截至2025一季报，公司营业总收入12.17亿元、同比增长11.33%，归属净 利润1.80亿元，同比增长65.61% ...