Core Viewpoint - The company, Changzhou Aohong Electronics Co., Ltd., will hold a half-year performance briefing on September 11, 2025, to discuss its 2025 semi-annual report and engage with investors through an online interactive format [2][3][4]. Group 1: Meeting Details - The performance briefing is scheduled for September 11, 2025, from 10:00 to 11:00 AM [4]. - The meeting will be conducted in a pure text interactive format via the Shanghai Stock Exchange Roadshow Center [3][4]. - Investors can submit questions from September 4 to September 10, 2025, before 4:00 PM through the Roadshow Center website or via the company's email [2][4]. Group 2: Company Participation - Key personnel attending the meeting include the Chairman and General Manager, Mr. Chen Dinghong, Independent Director, Mr. Wang Guangxi, Board Secretary, Ms. Geng Liya, and Chief Financial Officer, Mr. Tang Xuesong [4]. Group 3: Investor Participation - Investors can participate in the performance briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date and time [4]. - The company will address commonly raised questions during the briefing [3][4]. Group 4: Contact Information - The contact person for investor inquiries is Luo Yuankai, with a dedicated investor hotline at 0519-85486158 and an email address for investor relations [6].

Group 1 - The company, Aohong Electronics, announced that it will hold a semi-annual performance briefing on September 11, 2025, from 10:00 to 11:00 AM [2]

Group 1 - The company will hold a half-year performance briefing on September 11, 2025, from 10:00 to 11:00 AM [1][2] - The meeting will be conducted in a pure text interactive format online [1][2] - Investors can submit questions from September 4 to September 10, 2025, before 4:00 PM through the Shanghai Stock Exchange Roadshow Center website or via the company's email [1][3] Group 2 - Key participants in the meeting will include the Chairman and General Manager, Mr. Chen Dinghong, Independent Director, Mr. Wang Guangxi, Board Secretary, Ms. Geng Liya, and Chief Financial Officer, Mr. Tang Xuesong [2] - Investors can access the meeting through the Shanghai Stock Exchange Roadshow Center website [2] - After the meeting, investors can review the meeting's proceedings and main content on the same website [3]

证券代码：605058 证券简称：澳弘电子 公告编号：2025-037 常州澳弘电子股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： （一）会议召开时间：2025年09月11日（星期四） 上午10:00-11:00 （二）会议召开方式：网络纯文字互动 ●会议召开时间：2025年09月11日（星期四）10:00-11:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） ●会议召开方式：网络纯文字互动 ●投资者可于2025年09月04日（星期四）至09月10日（星期三）16:00前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 aohdz@czaohong.com进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 常州澳弘电子股份有限公司（以下简称"公司"）已于2025 ...

Core Viewpoint - Company is in the process of responding to the Shanghai Stock Exchange's inquiry regarding its application for issuing convertible bonds to unspecified objects, with updates provided on the responses to the inquiry [1][2][3]. Group 1 - Company received an inquiry letter from the Shanghai Stock Exchange on April 28, 2025, regarding its application for issuing convertible bonds [1]. - Company has been working with relevant intermediaries to address the questions raised in the inquiry letter and has submitted responses on June 7, 2025, and July 3, 2025 [2]. - The issuance of convertible bonds is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, with uncertainties regarding the approval timeline [3]. Group 2 - Company will continue to fulfill its information disclosure obligations in accordance with relevant laws and regulations as the situation progresses [3]. - The board of directors of the company guarantees the truthfulness, accuracy, and completeness of the announcement content [1]. - The company emphasizes the importance of rational investment and awareness of investment risks to investors [3].

Core Viewpoint - Changzhou Aohong Electronics Co., Ltd. plans to raise up to 580 million RMB for the construction of a production base in Thailand, which is expected to enhance its overseas supply capacity and competitiveness in the global PCB industry [1][2]. Fundraising Project - The fundraising project aims to fill the gap in overseas production capacity, with the Thailand production base expected to add an annual production capacity of 1.2 million square meters of double-sided and multilayer boards [2]. - The Southeast Asian PCB market is projected to grow at a compound annual growth rate of 12.7% from 2023 to 2028, making Thailand an attractive location for production due to its advantages in attracting industry transfer [2]. Financing Scale - The project has a planned implementation period of 24 months and is expected to generate an average annual revenue of 663.2 million RMB upon full production, with a pre-tax internal rate of return of 13.77% and a payback period of 7.39 years [3]. - As of the end of 2024, the company has a funding gap of approximately 609.4 million RMB, making the planned fundraising of up to 580 million RMB necessary [3]. Previous Fundraising - The company previously raised funds in October 2020 and adjusted the total investment amount in March 2023, using the surplus of 79.87 million RMB to permanently supplement working capital [4]. - The previous fundraising project has not faced significant changes in the implementation environment, and the demand for double-sided and multilayer boards remains stable [4]. Company Business and Operations - The company's revenue for 2022 to 2024 is projected to be 1.126 billion RMB, 1.082 billion RMB, and 1.293 billion RMB, with net profits of 117.1 million RMB, 114.4 million RMB, and 123.5 million RMB respectively [5]. - The company’s financial indicators are reasonable, and it is expected to continue meeting the conditions for issuing convertible bonds [5][6].

Group 1 - The company, Changzhou Aohong Electronics Co., Ltd., is issuing convertible bonds to unspecified investors, with a total fundraising amount not exceeding RMB 580 million [17][18] - The funds raised will be used for the construction of a production base in Thailand, aimed at enhancing the company's overall production capacity and supporting balanced domestic and international business development [7][18] - The company specializes in the research, production, and sales of printed circuit boards (PCBs), with products including single-sided, double-sided, and multi-layer boards [4][5] Group 2 - The company has established a diverse market strategy, maintaining competitiveness in traditional sectors while rapidly penetrating new application areas such as electric vehicles and AI computing centers [4] - The company has accumulated 137 patents, including 28 invention patents, demonstrating its commitment to innovation and technology development [5] - Recent financial data shows total assets of approximately RMB 258.85 million and total liabilities of about RMB 87.16 million as of June 30, 2025 [6] Group 3 - The company has a strong customer base, including major domestic and international firms such as LG, Haier, and Whirlpool, which enhances its market position [4] - The company’s revenue for the first half of 2025 was approximately RMB 67.37 million, with a net profit of around RMB 8.07 million [6] - The company’s financial ratios indicate a current ratio of 2.25 and a quick ratio of 1.88 as of June 30, 2025, reflecting a stable liquidity position [6]

Core Viewpoint - Changzhou Aohong Electronics Co., Ltd. is issuing convertible bonds to unspecified objects to finance the construction of a production base in Thailand, which is expected to generate significant revenue and has a favorable internal rate of return [1][2]. Financing Scale and Effectiveness Assessment - The total investment for the Thailand production base project is estimated at 595.04 million yuan, with an expected annual revenue of 663.2 million yuan upon reaching full production [1][2]. - The project's internal rate of return before tax is projected at 13.77%, with a payback period of approximately 7.39 years, including a 2-year construction period [1][2]. Project Investment Breakdown - The investment structure includes: - Construction costs: 157.51 million yuan (26.4%) - Site decoration: 19.11 million yuan (3.2%) - Hardware equipment: 384.28 million yuan (64.4%) - Software tools: 2.5 million yuan (0.4%) - Other construction costs: 29.83 million yuan (5.0%) [2][4][7]. Construction and Equipment Details - The total construction area for the project is 70,574 square meters, which includes main and auxiliary factories, employee living quarters, and various utility buildings [1][8]. - The average construction cost is estimated at 0.22 million yuan per square meter, which is consistent with local pricing [1][12]. - The hardware equipment investment is primarily based on historical procurement prices and current market rates, with a total of 384.28 million yuan allocated for various production and testing equipment [4][6]. Production Capacity and Comparison - The project aims to achieve an annual production capacity of 1.2 million square meters of single-sided, double-sided, and multilayer boards [1][8]. - The unit capacity corresponding to the construction area is 588.11 square meters per million square meters, which is comparable to previous projects and within the reasonable range of industry standards [8][9]. Cost Comparison with Industry Peers - The construction cost per square meter for this project is 0.25 million yuan, which is within the range of similar projects in the region, indicating a competitive pricing strategy [12][13]. - The equipment investment per unit capacity is 320.23 yuan per square meter, which aligns with the average of comparable projects in the industry [11][13].

Core Viewpoint - Changzhou Aohong Electronics Co., Ltd. plans to issue convertible bonds to unspecified objects, aiming to raise funds for the construction of a production base in Thailand, which is expected to enhance the company's overall production capacity and support balanced domestic and international business development [1][27]. Group 1: Issuer Information - The issuer, Changzhou Aohong Electronics Co., Ltd., was established on June 22, 2005, and is located in Changzhou, Jiangsu Province, specializing in the manufacturing and sales of printed circuit boards (PCBs) [4][10]. - The total share capital of the company is 142,923,950 shares [4]. Group 2: Bond Issuance Details - The company intends to raise no more than RMB 58,000 million (including principal) through this bond issuance, with all proceeds allocated to the Thailand production base construction project [27][22]. - The bond issuance has been approved by the company's board of directors and requires further approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission (CSRC) [10][11]. Group 3: Financial Health and Compliance - The company has maintained a reasonable debt structure, with asset-liability ratios of 36.93%, 29.06%, 34.16%, and 33.67% over the reporting periods, indicating low financial risk [15][26]. - The average distributable profits over the last three years were RMB 13,583.28 million, sufficient to cover the interest on the bonds [12][14]. Group 4: Project Feasibility and Risks - The Thailand production base project is expected to significantly increase the company's production capacity, with projected annual revenues upon full production [29]. - However, the project faces risks related to management, operation, and market conditions in Thailand, as well as potential changes in tax incentives and market environments [29][30]. Group 5: Regulatory Compliance - The bond issuance complies with relevant laws and regulations, including the Company Law and Securities Law, ensuring that the company has a sound organizational structure and governance [11][14]. - The company has not engaged in any undisclosed third-party hiring or other non-compliant activities related to this bond issuance [8][9].

Core Viewpoint - Changzhou Aohong Electronics Co., Ltd. plans to raise up to RMB 580 million through the issuance of convertible bonds, with the funds primarily allocated for the construction of a production base in Thailand, aimed at increasing annual production capacity by 1.2 million square meters for single-sided, double-sided, and multi-layer boards [3][18]. Group 1: Investment Project Necessity - The PCB industry is expected to experience moderate recovery and steady growth, with a projected compound annual growth rate (CAGR) of 5.40% from 2023 to 2028, and the global PCB market is anticipated to reach USD 73 billion in 2024, reflecting a year-on-year growth of approximately 5% [5][6]. - The Southeast Asian PCB market is projected to grow significantly, with an expected CAGR of 12.7% from 2023 to 2028, driven by local policies and international industry transfers [5][6]. - The establishment of the Thailand production base is essential for optimizing the company's PCB capacity layout to meet the increasing procurement demands of overseas customers [18][21]. Group 2: Market Demand and Client Base - The demand for PCB products is recovering, particularly in sectors such as AI, automotive electronics, and industrial control, which are driving overall PCB demand growth [6][8]. - Major clients of the company include well-known enterprises such as LG, Hisense, and Haier, which have high standards for product quality and stability in supply chains [12][21]. - The company aims to enhance its overseas supply capabilities and service quality to improve customer loyalty, as local production can meet the increasing demands for flexible delivery and high-quality standards [20][21]. Group 3: Competitive Landscape - The global PCB industry is characterized by a competitive landscape with a concentration ratio (CR5) of approximately 30%, indicating a well-distributed market among leading manufacturers [6]. - The company has over 20 years of experience in manufacturing single-sided and multi-layer boards, establishing a strong brand image and market recognition [18][22]. - The PCB industry is witnessing a trend of domestic manufacturers expanding their production bases to Southeast Asia, with many companies planning significant investments in Thailand [11][18].