格隆汇9月1日丨统联精密(688210.SH)公布，截至2025年8月31日，公司以集中竞价交易方式回购股份 221.8462万股，占公司总股本的比例为1.3845%，回购成交的最高价为23.199元/股，最低价为14.580元/ 股，支付的资金总额为人民币4,169.9596万元（不含印花税、交易佣金等交易费用）。 ...

Core Viewpoint - The financial performance of Tonglian Precision (688210) for the first half of 2025 shows a mixed picture, with revenue growth but significant declines in net profit and profitability metrics [1] Financial Performance - Total revenue for the first half of 2025 reached 402 million yuan, an increase of 10.02% year-on-year [1] - Net profit attributable to shareholders was 4.87 million yuan, a decrease of 88.24% year-on-year [1] - In Q2 2025, total revenue was 228 million yuan, down 3.17% year-on-year [1] - Q2 net profit attributable to shareholders was 2.13 million yuan, a decline of 92.04% year-on-year [1] - Gross margin was 32.15%, down 21.4% year-on-year, while net margin was 2.69%, down 80.55% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 62.54 million yuan, accounting for 15.55% of total revenue, an increase of 57.63% year-on-year [1] - Earnings per share were 0.03 yuan, a decrease of 88.46% year-on-year [1] Business Evaluation - The company's return on invested capital (ROIC) for the previous year was 5.31%, indicating average capital returns [2] - Historical data shows a median ROIC of 5.97% since the company went public, with two years of losses indicating a fragile business model [2] - The company relies heavily on R&D and capital expenditures, necessitating careful monitoring of the effectiveness of these investments [2] Debt and Receivables - The company's interest-bearing debt ratio has reached 26.97%, suggesting potential concerns regarding debt levels [2] - Accounts receivable have reached 389.89% of profit, indicating a significant issue with receivables management [2] Market Interest - Several funds have recently increased their holdings in Tonglian Precision, with notable entries including: - Kexin Board Boshi Fund with 1.78 million shares [3] - Yuanxin Yongfeng Fund with 420,000 shares [3] - Boshi Growth Return Fund with 379,900 shares [3] - The largest holder is the Kexin Board Boshi Fund, with a scale of 1.604 billion yuan and a recent net value of 1.2934, reflecting a 1.18% decline from the previous trading day [3] Customer Structure - The company's revenue primarily comes from the consumer electronics sector, mainly from well-known domestic and international consumer electronics companies and their EMS manufacturers [4]

证券代码：688210 证券简称：统联精密 公告编号：2025-053 深圳市泛海统联精密制造股份有限公司 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 深圳市泛海统联精密制造股份有限公司（以下简称"公司"）第二届董事会 第十九次会议（以下简称"本次会议"）于 2025 年 8 月 27 日以现场结合通讯方 式在公司会议室召开。本次会议通知于 2025 年 8 月 16 日以电子邮件方式发出。 本次会议由公司董事长杨虎先生主持，应出席董事 7 名，实际出席董事 7 名，其 中杨虎先生、郭新义先生、邓钊先生、胡鸿高先生、杨万丽女士、曹岷女士以通 讯方式出席并表决。公司监事、高级管理人员列席本次会议。本次会议的召集、 召开程序符合有关法律、行政法规、部门规章、规范性文件和《深圳市泛海统联 精密制造股份有限公司章程》（以下简称《公司章程》）的有关规定。 二、董事会会议审议情况 与会董事对本次会议需审议的议案进行了充分讨论，审议通过了以下议案： （一）审议通过《关于<2025 年半年度报告>及其摘要的议案 ...

Meeting Overview - The second session of the Supervisory Board of Shenzhen Pan-Hai Tonglian Precision Manufacturing Co., Ltd. held its 17th meeting on August 27, 2025, via communication, with all three supervisors present [1] - The meeting was convened in accordance with relevant laws, regulations, and the company's articles of association [1] Resolutions Passed - The Supervisory Board approved the "2025 Half-Year Report" and its summary, confirming compliance with regulatory requirements and accurately reflecting the company's financial status and operational results [2] - The board also approved the "Special Report on the Storage, Management, and Actual Use of Raised Funds for the First Half of 2025," affirming that the management of raised funds adhered to principles of proper storage, disclosure, and management without any violations [2][3] - A resolution was passed to cancel the Supervisory Board and amend the company's articles of association, transferring the supervisory functions to the Audit Committee of the Board of Directors, in line with the latest legal requirements [3][4] Governance Improvements - The decision to abolish the Supervisory Board aims to enhance the corporate governance structure and improve governance levels without harming the interests of shareholders, particularly minority shareholders [4] - The current Supervisory Board will continue to fulfill its duties until the shareholders' meeting approves the cancellation [4]

Core Viewpoint - Shenzhen Pan-Hai Tonglian Precision Manufacturing Co., Ltd. is enhancing its corporate governance structure by increasing the board size and nominating a new non-independent director [1][2]. Group 1: Board Structure Adjustment - The company plans to amend its Articles of Association to increase the board members from seven to nine, adding one non-independent director and one employee representative director, while maintaining three independent directors [1]. - The employee representative director will be elected by the employee representative assembly [1]. Group 2: Nomination of Non-Independent Director - The board has approved the nomination of Mr. Hou Chunwei as a candidate for the non-independent director position, pending approval at the upcoming extraordinary general meeting [1]. - Mr. Hou Chunwei, born in January 1982, holds a master's degree in business administration from Dalian University of Technology and has held various managerial positions in companies such as BYD Co., Ltd. and Tianjin Zhonghuan High-tech Co., Ltd. [3]. - Currently, Mr. Hou holds 513,463 shares indirectly through Shenzhen Pan-Hai Tonglian Technology Partnership, accounting for 0.32% of the company's total share capital [3].

Core Viewpoint - The company, Shenzhen Pan-Hai Tonglian Precision Manufacturing Co., Ltd., will hold a half-year performance briefing on September 23, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [1][2]. Group 1: Meeting Details - The performance briefing is scheduled for September 23, 2025, from 14:00 to 15:00 [1][2]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center, accessible online [2][3]. - The format of the meeting will be an interactive online session, where the company will address common investor inquiries [2][3]. Group 2: Participation Information - Investors can participate in the meeting by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [3]. - Questions can be submitted by investors from September 16 to September 22, 2025, through the Roadshow Center's website or via the company's email [3]. - The company will respond to widely asked questions during the performance briefing [3]. Group 3: Contact Information - The company’s securities department can be contacted for inquiries via phone at 0755-23720932 or email at Stocks@pu-sz.com [3].

Group 1 - The company has decided to abolish the supervisory board and amend its articles of association to enhance its corporate governance structure [1][2] - The supervisory board and its members will be removed, with the audit committee of the board taking over the supervisory functions as per the new Company Law [1][2] - The company expresses gratitude to the former supervisors for their contributions to the company's development [2] Group 2 - The amendments to the articles of association include changing references from "shareholders' meeting" to "shareholders' assembly" and removing terms related to the supervisory board [3] - New sections have been added to clarify the responsibilities and obligations of controlling shareholders and actual controllers [3] - The revised articles will be submitted for approval at the shareholders' meeting, and the management will be authorized to handle related registration procedures [3][4] Group 3 - Several governance documents have been renamed, including the "Rules of Procedure for Shareholders' Meeting" and the "Implementation Rules for Cumulative Voting System" [4] - New governance systems have been established and existing ones revised to improve internal management and governance levels [5][6] - The revised governance systems will take effect after approval from the shareholders' meeting and will be disclosed on the Shanghai Stock Exchange website [6]

Core Viewpoint - The report details the fundraising and usage status of Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd. as of June 30, 2025, highlighting the total amount raised, the allocation of funds, and compliance with regulatory requirements [2][4][5]. Fundraising Overview - The company raised a total of RMB 855.2 million by issuing 20 million shares at RMB 42.76 per share, with a net amount of RMB 772.85 million after deducting fees [2][3]. - The funds were received on December 22, 2021, and have been audited by Tianzhi International Accounting Firm [3]. Fund Usage and Balance - As of June 30, 2025, the company has utilized RMB 560.27 million of the raised funds, leaving a balance of RMB 105.13 million in the special account [3][5]. - The funds were allocated to various projects, including RMB 349.64 million for the MIM product production base and RMB 59.77 million for the R&D center [6][8]. Fund Management - The company has established a management system for the raised funds, ensuring they are stored in dedicated accounts and used according to regulatory guidelines [4][5]. - A tripartite supervision agreement was signed with banks to ensure proper management of the funds [4]. Project Status and Adjustments - The company has not made any changes to the investment projects as of the reporting date, but adjustments to the investment amounts and internal structures for specific projects have been proposed [7][8]. - The completion dates for the MIM product production base and R&D center projects have been extended to December 31, 2025, due to phased equipment procurement [8][9]. Compliance and Reporting - The company asserts that it has complied with all relevant regulations regarding the management and disclosure of the raised funds, with no violations reported [7][9].

Overview - The company, Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd., announced a provision for asset impairment totaling 12,448,689.24 RMB for the first half of 2025, reflecting its financial status as of June 30, 2025 [1][2]. Impairment Provision Details - The total impairment provision consists of credit impairment losses amounting to 1,714,303.40 RMB and asset impairment losses of 10,734,385.84 RMB, primarily due to inventory write-downs [2]. - Credit impairment losses were assessed based on expected credit losses and individual identification methods for notes receivable, accounts receivable, and other receivables [2]. - Asset impairment losses were determined through impairment testing of long-term assets, particularly inventory, where the cost exceeded the net realizable value [2]. Impact on Financials - The impairment provisions are not audited and will be finalized based on the annual audit by the accounting firm, ensuring compliance with accounting standards and reflecting the company's financial condition accurately [2]. - The provisions are in accordance with the relevant accounting policies and regulations, and they will not affect the company's normal operations [2].

Core Points - The article outlines the information disclosure management system of Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd, emphasizing the importance of timely and accurate information disclosure to protect the rights of the company and its investors [2][3][4]. Group 1: General Principles - Information disclosure obligations must be fulfilled timely and legally, ensuring that the information is true, accurate, complete, and easy to understand [3][4]. - All investors must receive disclosed information simultaneously, with no advance disclosure to any individual or organization [3][4]. - The company and its related parties must adhere to laws and regulations regarding the disclosure of insider information [3][4][5]. Group 2: Disclosure Obligations - The company must disclose information that could significantly impact stock trading prices or investment decisions [2][3]. - Information disclosure obligations apply to directors, senior management, major shareholders, and other relevant parties [2][3]. - The company must disclose information through the Shanghai Stock Exchange and other approved media [4][5]. Group 3: Types of Disclosure Documents - The main types of disclosure documents include prospectuses, fundraising documents, listing announcements, periodic reports, and temporary reports [15][16]. - The company must ensure that all information in these documents is verified and signed by responsible parties [16][17]. Group 4: Periodic Reporting - The company is required to disclose annual, semi-annual, and quarterly reports within specified timeframes [10][11]. - Annual reports must include comprehensive financial data and be audited by a qualified accounting firm [10][11]. - The company must announce any inability to meet reporting deadlines along with reasons and expected timelines [10][11]. Group 5: Temporary Reporting - Temporary reports must be issued for significant events that could affect stock prices, including major transactions, legal issues, or changes in management [14][15]. - The company must disclose the nature and potential impact of these significant events promptly [15][16]. Group 6: Responsibilities and Management - The board of directors is responsible for overseeing the information disclosure process, with the board secretary managing the day-to-day operations [26][27]. - All departments and subsidiaries must report relevant information to the board secretary to ensure compliance with disclosure obligations [28][29].