Group 1 - The company Tonglian Precision (688210.SH) announced a share buyback program, repurchasing 2,218,462 shares, which accounts for 1.3845% of the total share capital [1] - The highest price for the repurchased shares was 23.199 CNY per share, while the lowest price was 14.580 CNY per share [1] - The total amount spent on the share buyback was approximately 41.699596 million CNY, excluding transaction fees such as stamp duty and commissions [1] Group 2 - The share buyback is in compliance with relevant laws and regulations, as well as the company's share repurchase plan [1]

Core Insights - The consumer electronics sector experienced a decline of 1.51% on August 1, with Dingjia Precision leading the drop [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Stock Performance - 隆扬电子 (Longyang Electronics) saw a significant increase of 12.06%, closing at 43.10 with a trading volume of 297,700 shares and a transaction value of 1.29 billion [1] - 可川科技 (Kechuan Technology) rose by 9.99%, closing at 30.29 with a trading volume of 171,500 shares and a transaction value of 515 million [1] - 鼎佳精密 (Dingjia Precision) led the decline with a drop of 14.56%, closing at 55.22 with a trading volume of 98,100 shares and a transaction value of 561 million [2] - 工业富联 (Industrial Fulian) decreased by 4.65%, closing at 33.00 with a trading volume of 2,194,000 shares and a transaction value of 7.29 billion [2] Capital Flow - The consumer electronics sector saw a net outflow of 1.188 billion from main funds, while retail investors contributed a net inflow of 1.256 billion [2]

Core Viewpoint - The article highlights the strong performance of brokerage "gold stocks" in July, with all 30 brokerage gold stock combinations showing positive returns, indicating a robust recovery in the A-share market [2][9]. Brokerage Performance - Ping An Securities' gold stock combination achieved the highest return of 16.57% in July, followed by Kaiyuan Securities at 13.57% and Caitong Securities at 12.93% [3][9][10]. - Notably, all brokerage gold stock combinations recorded positive returns, with several brokerages, including China Merchants Securities and Galaxy Securities, also exceeding 10% returns [9][10]. Top Performing Stocks - The best-performing stock was Kangchen Pharmaceutical, recommended by Ping An Securities, which surged by 106.74% in July [4][6]. - Other notable stocks included Borui Pharmaceutical (82.05%), Kangfang Biotech (68.13%), and Yuandong Biotech (56.60%), all showing significant monthly gains [6][7]. August Strategy - Brokerages are adopting an aggressive strategy for August, focusing on technology growth stocks and cyclical stocks benefiting from mid-year performance reports [12][15]. - The market outlook is optimistic, driven by expectations of recovering corporate ROE and a favorable policy environment, suggesting a continued upward trend in A-shares [15]. Common Recommendations - Several stocks received multiple recommendations from brokerages for August, including Dongfang Caifu, Muyuan Foods, and Wanhua Chemical, each recommended by four different brokerages [16][19]. - The rationale for recommending Dongfang Caifu includes the potential for the securities sector to enter a main upward trend, while Muyuan Foods is recognized for its leading position in the pig farming industry [16][19].

（文章来源：每日经济新闻） 每经AI快讯，统联精密涨8.65%，报36.94元/股，股价再创新高，总市值突破59.19亿元，成交额达1.10 亿元。 ...

统联精密最新一期业绩显示，截至2025一季报，公司营业总收入1.74亿元、同比增长33.93%，归属净利 润274.27万元，同比减少81.31%，扣非净利润35.33万元，同比减少97.46%，流动比率2.071、速动比率 1.698、资产负债率40.46%。 天眼查商业履历信息显示，深圳市泛海统联精密制造股份有限公司，成立于2016年，位于深圳市，是一 家以从事有色金属冶炼和压延加工业为主的企业。企业注册资本15996.3546万人民币，实缴资本6000万 人民币。公司法定代表人为杨虎。 金融界消息 截至2025年7月30日收盘，统联精密（688210）报收于34.41元，下跌5.08%，换手率 6.44%，成交量10.31万手，成交金额3.60亿元。 通过天眼查大数据分析，深圳市泛海统联精密制造股份有限公司共对外投资了13家企业，参与招投标项 目1次，知识产权方面有商标信息15条，专利信息48条，此外企业还拥有行政许可20个。 资金流向方面，今日主力资金净流出4353.41万元，占比成交额12.11%。其中，超大单净流出3407.53万 元、占成交额9.48%，大单净流出945.88万元、占成交额2.6 ...

New Stock Listings - HanGao Group listed on July 30, 2025, with an issue price of 15.43[1] - *ST Zitian and *ST Suwu are under severe abnormal fluctuations as of July 30, 2025[1] - Tianlu Convertible Bonds listed on July 30, 2025, with a risk warning[1] Market Alerts - Multiple stocks including *ST Xinchao and *ST Yuancheng are flagged for severe abnormal fluctuations on July 30, 2025[1] - New listings include companies like Xianghe Precision and Shenshui Planning, with announcements made on July 30, 2025[1] - The report includes links to detailed announcements for each stock, ensuring transparency and accessibility for investors[1] Trading Insights - The report highlights the importance of monitoring newly listed stocks for potential volatility and investment opportunities[1] - Investors are advised to review the latest announcements and risk warnings associated with these stocks to make informed decisions[1]

Investment Rating - The report assigns a "Buy" rating for Tonglian Precision (688210) with a first coverage [1]. Core Views - The rapid evolution of generative AI technology is driving a new wave of hardware innovation in consumer electronics and smart devices. This includes advancements in foldable smartphones, AI personal computers, smart glasses, and wearable devices, which enhance user experience and stimulate consumer demand [4]. - The company is expanding its precision manufacturing capabilities to meet the demand for lightweight and high-performance components, utilizing new materials and technologies such as 3D printing. This positions the company favorably in the market for new smart terminal products [5]. - The company plans to issue convertible bonds to raise up to 595 million yuan, primarily for a new intelligent manufacturing center focused on lightweight materials, which will enhance its role from a traditional component supplier to a comprehensive technology service provider [6]. Financial Projections - Revenue projections for the company are 1.12 billion yuan in 2025, 1.52 billion yuan in 2026, and 2.10 billion yuan in 2027, with net profits of 101.11 million yuan, 193.90 million yuan, and 329.62 million yuan respectively [7][10]. - The company is expected to achieve a revenue growth rate of 44.93% in 2024, followed by 37.62% in 2025, 35.80% in 2026, and 38.30% in 2027 [10][11].

Core Insights - The company Tonglian Precision has passed audits from some target customers for its factories in Changsha, Hunan, and Vietnam, and is gradually purchasing equipment based on customer needs for production [3] Group 1: Company Overview - Tonglian Precision's products are primarily used in the new consumer electronics sector, including foldable smartphones, tablets, laptops, desktop computers, smart touch capacitive pens, smart wearable devices, aerial drones, and action cameras [3][4] Group 2: Product Applications - The specific product types include: 1. Foldable smartphones: precision components related to hinges such as support parts, movable rods, positioning blocks, and axis covers [4] 2. Tablets and laptops: precision components like power support parts, volume support parts, camera brackets, and power interface components [4] 3. Smart touch capacitive pens: precision components including sleeves, plugs, long tubes, and decorative rings [4] 4. Smart wearable devices: TWS earphones and smart glasses, with components such as earphone and charging case shells, hinge mechanisms, frames, and light guide columns [4] 5. Drones: precision components like gimbal counterweights and axis brackets [4]

Company Overview - Shenzhen Fan Hai Tong Lian Precision Manufacturing Co., Ltd. was established in 2016 and is located in Shenzhen, primarily engaged in non-ferrous metal smelting and rolling processing [1][2] - The company has a registered capital of 1.59963546 billion RMB and a paid-in capital of 600 million RMB [1] Financial Performance - As of the first quarter of 2025, the company reported total operating revenue of 174 million RMB, representing a year-on-year increase of 33.93% [1] - The net profit attributable to shareholders was 2.7427 million RMB, a year-on-year decrease of 81.31% [1] - The non-recurring net profit was 353,300 RMB, showing a significant year-on-year decrease of 97.46% [1] - The company's liquidity ratios include a current ratio of 2.071 and a quick ratio of 1.698, with a debt-to-asset ratio of 40.46% [1] Market Activity - As of July 29, 2025, the stock price closed at 36.25 RMB, an increase of 8.08%, with a turnover rate of 10.07% and a trading volume of 161,300 lots, amounting to 571 million RMB [1] - The net inflow of main funds was 14.3132 million RMB, accounting for 2.51% of the transaction amount, with large orders showing a net inflow of 22.3449 million RMB [1] Investment and Intellectual Property - The company has made investments in 13 external enterprises and has participated in one bidding project [2] - It holds 15 trademark registrations and 48 patents, along with 20 administrative licenses [2]

Core Viewpoint - The company is preparing to issue convertible bonds to unspecified investors, with a total fundraising target of up to RMB 595 million, to support its investment projects and ensure compliance with relevant regulations [9][17][24]. Group 1: Meeting Procedures - The meeting will have a secretariat responsible for procedural matters [1]. - Attendees must verify their identity and sign in 30 minutes before the meeting starts [2]. - The meeting will follow a specific agenda, allowing shareholders to express their opinions and vote on the proposed resolutions [3][4]. Group 2: Bond Issuance Details - The proposed convertible bonds will be issued at a face value of RMB 100 each, with a term of 6 years [9][10]. - The total amount to be raised is capped at RMB 595 million, which will be allocated to specific investment projects [17][22]. - The bonds will be convertible into A-shares listed on the Shanghai Stock Exchange [9][10]. Group 3: Use of Proceeds - The funds raised will primarily be used for the investment in a new intelligent terminal component project and the establishment of an intelligent manufacturing center [17][22]. - If the actual funds raised are less than the planned amount, the company will adjust the allocation based on project urgency and importance [22]. Group 4: Shareholder Rights and Protections - Shareholders will have the right to vote on the bond issuance and related matters, including measures to mitigate any dilution of immediate returns [27][28]. - The company has committed to ensuring that the interests of minority investors are protected throughout the bond issuance process [28]. Group 5: Regulatory Compliance - The bond issuance plan has been approved by the company's board and supervisory board, and it complies with relevant laws and regulations [24][26]. - The company will publish detailed reports and analyses regarding the bond issuance on the Shanghai Stock Exchange's website [27][32].