Financial Performance Expectations - Chengdu Mingsheng Electronics Technology Co., Ltd. expects a net profit attributable to shareholders of the parent company for 2025 to be between -18 million and -12 million RMB, a decrease in loss of approximately 25.36 million to 25.96 million RMB compared to the previous year [2]. - The company anticipates a net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 to be between -45 million and -37 million RMB, a decrease in loss of approximately 22.42 million to 23.22 million RMB compared to the previous year [2]. - The expected operating revenue for 2025 is approximately 526 million RMB, representing a year-on-year growth of about 277% [2].

Core Viewpoint - The company, Alliance Electronics, has announced a projected net loss for the year 2025, estimating a loss between 12 million to 18 million yuan, primarily due to the impact of the domestic special industry [1] Group 1: Financial Performance - The company expects to achieve an operating revenue of 526 million yuan in 2025, which represents a year-on-year growth of approximately 277% [1] - The increase in orders is attributed to the gradual recovery of previously suspended or delayed project orders and an increase in downstream customer demand [1]

Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. has decided to exercise the early redemption rights of its convertible bonds, "Mingsheng Convertible Bonds," due to the stock price meeting the specified conditions for redemption [2][15]. Group 1: Convertible Bond Redemption Conditions - The redemption condition was triggered as the company's stock price was above 130% of the current conversion price of 20.94 CNY per share for 15 out of 30 consecutive trading days, reaching 27.22 CNY per share [2][14]. - The board of directors approved the early redemption of all "Mingsheng Convertible Bonds" at face value plus accrued interest [15]. Group 2: Convertible Bond Issuance Details - The company issued 3 million convertible bonds with a total amount of 300 million CNY on September 12, 2023, with a maturity of six years and a tiered interest rate starting from 0.20% in the first year to 2.50% in the sixth year [3]. - The initial conversion price was set at 42.72 CNY per share, which has been adjusted multiple times due to specific conditions outlined in the offering document [4][5]. Group 3: Market and Trading Information - The bonds began trading on the Shanghai Stock Exchange on October 17, 2023, under the code "118045" [3]. - Investors can either trade the bonds in the secondary market or convert them at the conversion price of 20.94 CNY per share, or face forced redemption at 100 CNY per bond plus accrued interest [2][18]. Group 4: Management and Governance - The board has authorized the management to handle all matters related to the early redemption process [15]. - There have been no transactions of the convertible bonds by major shareholders or executives in the six months prior to the redemption condition being met [16].

Group 1 - The company, Mengsheng Electronics, indicated that investors should pay attention to the financial data for the first quarter of 2026, which will be disclosed in the regular report [2]

Core Viewpoint - The company Mengsheng Electronics (688311.SH) has triggered the conditional redemption clause for its convertible bonds due to its stock price meeting specific criteria, leading to a decision for early redemption of the bonds [1] Group 1: Stock Performance and Redemption Trigger - From January 19, 2026, to February 6, 2026, the company's stock price closed at or above 130% of the current conversion price of the "Mengsheng Convertible Bonds," which is 20.94 yuan, specifically reaching 27.22 yuan per share [1] - The company convened its sixth meeting of the fifth board of directors on February 6, 2026, and approved the proposal for early redemption of the "Mengsheng Convertible Bonds" [1] Group 2: Redemption Process and Investor Options - The company will redeem all "Mengsheng Convertible Bonds" at the face value plus accrued interest on the redemption registration date [1] - Investors holding "Mengsheng Convertible Bonds" can either continue trading in the secondary market within the specified time or convert at the price of 20.94 yuan per share, or face mandatory redemption at 100 yuan per bond plus accrued interest, which may lead to significant investment losses [1]

Core Viewpoint - The company, Alliance Electronics (688311.SH), has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to a decision to redeem all outstanding bonds at face value plus accrued interest [1] Group 1: Stock Performance and Redemption Trigger - The company's stock price must remain above 130% of the current conversion price of the convertible bonds, which is set at 20.94 CNY, equating to 27.22 CNY per share, for at least 15 out of 30 consecutive trading days [1] - The redemption period is specified from January 19, 2026, to February 6, 2026, during which the stock price conditions were met [1] Group 2: Board Decision and Redemption Process - On February 6, 2026, the company's board of directors approved the proposal for early redemption of the convertible bonds [1] - Investors holding the convertible bonds can either continue trading them in the secondary market or convert them at the price of 20.94 CNY per share, or face mandatory redemption at 100 CNY per bond plus accrued interest [1] Group 3: Investment Risks - If investors are forced to redeem the bonds, they may incur significant investment losses [1]

一、可转债发行上市情况 经中国证券监督管理委员会核发的《关于同意成都盟升电子技术股份有限公 司向不特定对象发行可转换公司债券注册的批复》（证监许可[2023]1352 号）， 公司于 2023 年 9 月 12 日向不特定对象发行了 300.00 万张可转换公司债券，每 张面值 100 元，发行总额 30,000.00 万元，期限为自发行之日起六年，即自 2023 年 9 月 12 日至 2029 年 9 月 11 日，票面利率为第一年 0.20%、第二年 0.40%、第 | 证券代码：688311 | 证券简称：盟升电子 | 公告编号：2026-006 | | --- | --- | --- | | 转债代码：118045 | 转债简称：盟升转债 | | 成都盟升电子技术股份有限公司 关于提前赎回"盟升转债"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、准确性和完整性依法承担法律责任。 重要内容提示： 自 2026 年 1 月 19 日至 2026 年 2 月 6 日期间，成都盟升电子技术股份有 限公司（以下简称"公司"）股票满足在连续三十个交 ...

华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐机构"） 作为成都盟升电子技术股份有限公司（以下简称"盟升电子"或"公司"）首次 公开发行股票及向不特定对象发行可转换公司债券并在科创板上市的保荐机构， 根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号——上市公 司募集资金管理和使用的监管要求》《上海证券交易所科创板股票上市规则》《上 海证券交易所上市公司自律监管指引第 11 号——持续督导》以及《上海证券交 易所科创板上市公司自律监管指引第 1 号——规范运作》等法律、行政法规、部 门规章及业务规则，对盟升电子提前赎回"盟升转债"的事项进行了认真、审慎 的核查，核查情况如下： 一、可转债发行上市情况 经中国证券监督管理委员会核发的《关于同意成都盟升电子技术股份有限公 司向不特定对象发行可转换公司债券注册的批复》（证监许可[2023]1352 号）， 公司于 2023 年 9 月 12 日向不特定对象发行了 300.00 万张可转换公司债券，每 张面值 100 元，发行总额 30,000.00 万元，期限为自发行之日起六年，即自 2023 年 9 月 12 日至 2029 年 9 月 ...

Group 1 - The core viewpoint of the article indicates that the company, Mengsheng Electronics, has provided a performance forecast for the fiscal year 2025, expecting a revenue of 526 million yuan and a net loss attributable to shareholders of the parent company ranging from 12 million to 18 million yuan [2]

Core Viewpoint - The company, Mengsheng Electronics, specializes in satellite navigation, satellite communication, and electronic countermeasure products, primarily serving domestic special industries and markets such as maritime and aviation [2]. Group 1: Product Overview - The main products of the company include satellite navigation devices based on the BeiDou satellite navigation system, satellite communication antennas and components, and electronic countermeasure products [2]. - Satellite navigation products consist of navigation terminal devices, satellite navigation receivers, components, and specialized testing equipment, mainly used in domestic special industries [2]. - Satellite communication products include satellite communication antennas and phased array antennas, primarily applied in maritime and aviation sectors [2]. - Electronic countermeasure products focus on radar countermeasures, including terminal defense products, electronic attack products, and training/testing products, utilized across various fields and platforms [2]. Group 2: Market Application - The company's satellite navigation products are currently not applied in mobile direct satellite internet access [2].