Group 1 - The company, Xinya Electronics (605277.SH), focuses on the production of consumer electronics and industrial control cables, automotive cables, communication cables, data cables, and new energy series cables and components [1] - The application fields of the company's products include smart home appliances, computers, smart offices, industrial control equipment, robots, medical devices, communication base stations, data centers, AI servers, new energy photovoltaics, energy storage, and automotive industries [1] - The company does not currently engage in the aerospace sector [1]

Core Viewpoint - Xinya Electronics (605277.SH) primarily engages in the production of consumer electronics and industrial control cables, automotive cables, communication cables, data cables, and new energy series cables and components, and currently does not supply products directly to Lanke Technology Co., Ltd [1] Group 1 - The main business of the company includes various types of cables and components [1] - The company does not have a direct supply relationship with Lanke Technology Co., Ltd [1]

格隆汇12月18日丨新亚电子(605277.SH)在互动平台表示，公司整体产能利用率保持在稳定水平。2025 年上半年，公司外销业务占公司总营收约为13%，且主要以美元、欧元来结算，整体相对稳定。公司密 切关注汇率变化走势及相关政策，择优结汇，规避汇率波动带来的负面影响。 ...

Group 1 - The core viewpoint of the article is that the revenue from high-frequency and high-speed copper cable connectors for the first half of 2025 is 93.8752 million yuan, accounting for 4.83% of the company's total revenue [1] - The revenue contribution from high-frequency and high-speed copper cable connectors is relatively small, indicating that its growth does not significantly impact the overall profitability of the company [1]

证券代码：605277 证券简称：新亚电子 公告编号：2025—058 新亚电子股份有限公司 注册资本：1000 万元整 新亚电子股份有限公司（以下简称"公司"或"新亚电子"）于 2025 年 10 月 10 日召开第三届董事会第六次会议，审议通过了《关于与关联方共同投资设 立子公司暨关联交易的议案》，具体内容详见公司 2025 年 10 月 11 日在上海证 券交易所网站（www.sse.com.cn）或指定信息披露媒体披露的《新亚电子股份有 限公司关于与关联方共同投资设立子公司暨关联交易的公告》（公告编号：2025 —048）。 近日，公司完成了子公司的工商登记注册，相关登记事项如下： 公司名称： 信亚（苏州）轨道交通技术有限公司 统一社会信用代码：91320581MAK45J5D46 法定代表人：杨文华 类型：其他有限责任公司 注册地址：江苏省苏州市常熟市沙家浜镇常昆工业园南新路 7 号 关于与关联方共同投资子公司设立完成的公告 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。 营业范围:许可项目：电线、电缆制造（依法须经 ...

新亚电子股份有限公司 关于公司对外提供担保的进展公告 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： 一、 担保情况概述 1、担保基本情况 由于公司所属子公司及孙公司生产经营活动的资金需求，公司于2025年12 月4日、12月5日签订担保合同，具体情况如下： 证券代码：605277 证券简称：新亚电子 公告编号：2025—057 ①2025年12月4日，公司与上海浦东发展银行股份有限公司东莞分行签署《最 高额保证合同》（编号：ZB5403202500000045），为合并报表范围内的子公司广 1 被担保人名称：广东中德电缆有限公司（以下简称"中德电缆"）及 东莞市中德光电技术有限公司（以下简称"中德光电"），系新亚电 子股份有限公司（以下简称"新亚电子"或"公司"）全资子公司及 孙公司。 本次担保金额：本次担保金额合计为人民币 40,000 万元。 本次担保是否有反担保：本次担保无反担保。 对外担保逾期的累计数量：截至本公告披露日，公司无对外担保逾期。 东中德电缆有限公司向上海浦东发展银行股份有限公司东莞分行申 ...

新亚电子公告称，因子公司及孙公司生产经营资金需求，于2025年12月4 - 5日签订担保合同。4日，为 广东中德电缆有限公司向浦发银行东莞分行不超3亿元综合授信提供连带责任担保；5日，为东莞市中德 光电技术有限公司向浙商银行东莞分行不超1亿元综合授信提供连带责任担保，本次担保合计4亿元，无 反担保。截至公告披露日，公司无对外担保逾期。此前公司已审议通过对子公司提供不超14亿元的担保 额度，有效期一年。 ...

Group 1: Data Center Short-Distance Transmission Solutions - AOC (Active Optical Cable) is defined as an integrated optical fiber cable with built-in optical transceiver modules at both ends, functioning as a complete product of optical modules, fiber, and connectors, primarily used for interconnection between racks with a transmission distance of up to 100 meters [1][20]. - DAC (Direct Attach Copper) is a passive copper cable without built-in chips, designed for physical connections using copper conductors to transmit electrical signals, mainly used for connections within cabinets, with a very short transmission distance of up to 3 meters due to high-frequency signal attenuation [1][20]. - ACC (Active Copper Cable) integrates a signal driver (Redriver chip) at the receiving end to amplify and equalize the signal, providing a balanced solution in terms of performance, cost, and power consumption [1][20]. - AEC (Active Electrical Cable) is a high-performance active copper cable that integrates a retimer chip at both ends, allowing for more precise signal compensation and extending the transmission distance to 10 meters, filling the gap between DAC and AOC [1][20]. Group 2: AEC Supply Landscape - Major overseas manufacturers in the AEC market include Credo, Amphenol, Broadcom, Molex, and Marvell, with Credo being the global leader and standard setter, supplying to Microsoft and Amazon [4][13]. - Amphenol is recognized as a leading global connector manufacturer and a primary supplier of copper cables to NVIDIA [5][14]. - Domestic leading manufacturers include Wolong Nuclear Materials, which ranks first in domestic revenue for high-speed communication cables and supplies AEC materials to Amphenol, Molex, and TE Connectivity [6][15]. - Other notable domestic players include Shenyu Co., a leader in high-frequency RF coaxial cables supplying AEC materials to Amphenol, and Zhaolong Interconnect, which focuses on high-speed interconnection in data centers [6][16][17]. - Changxin Bochuang is developing a full-stack optoelectronic interconnection solution, supplying AOC, AEC, and MPO through its subsidiary [6][18]. - Xinya Electronics specializes in high-frequency and high-speed data cables, collaborating with Amphenol to develop a new structure copper cable that overcomes traditional manufacturing dependencies [6][19].

Group 1 - The core point of the article highlights the recent performance of Xinya Electronics, which saw a stock price increase of 5.58%, reaching 23.66 CNY per share, with a trading volume of 204 million CNY and a turnover rate of 2.79%, resulting in a total market capitalization of 7.666 billion CNY [1] - Xinya Electronics, established on April 7, 1987, and listed on January 6, 2021, is located in Wenzhou, Zhejiang Province, and specializes in the research, development, manufacturing, and sales of fine electronic wires [1] - The company's revenue composition includes: 38.13% from consumer electronics and industrial control wires, 31.86% from communication cables and data wires, 20.72% from new energy series cables and components, 6.28% from automotive cables, and 3.01% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund has a significant position in Xinya Electronics, with the China Merchants CSI 2000 Enhanced Strategy ETF (159552) increasing its holdings by 131,500 shares in the third quarter, totaling 192,300 shares, which represents 0.92% of the fund's net value, ranking as the ninth largest holding [2] - The China Merchants CSI 2000 Enhanced Strategy ETF (159552) was established on June 19, 2024, with a current scale of 540 million CNY, achieving a year-to-date return of 53.06%, ranking 347 out of 4206 in its category, and a one-year return of 49.17%, ranking 390 out of 4012 [2] - The fund manager of the China Merchants CSI 2000 Enhanced Strategy ETF is Deng Tong, who has been in the position for 4 years and 11 days, managing a total fund asset size of 8.712 billion CNY, with the best fund return during his tenure being 73.68% and the worst being 0.23% [3]

Core Viewpoint - The China Securities 2000 Enhanced ETF (159552) opened with a gain of 0.47%, priced at 1.934 yuan, indicating positive market sentiment towards this fund [1] Group 1: ETF Performance - The China Securities 2000 Enhanced ETF (159552) has a performance benchmark based on the China Securities 2000 Index return [1] - Since its establishment on June 19, 2024, the fund has achieved a return of 92.92% [1] - Over the past month, the fund has experienced a return of -4.26% [1] Group 2: Top Holdings - Key holdings in the ETF include: - Haopeng Technology, which opened with a gain of 0.53% [1] - Asia-Pacific Shares, which increased by 0.08% [1] - Fuchun Environmental, which rose by 0.41% [1] - Fosda, which gained 0.69% [1] - Hailide, which increased by 0.55% [1] - Junya Technology, which saw a rise of 0.08% [1] - StarNet Ruijie, which increased by 0.80% [1] - New Asia Electronics, which rose by 0.61% [1] - Focus Technology, which decreased by 0.08% [1] - Spring Autumn Electronics, which fell by 0.06% [1]