Summary of Key Points Core Viewpoint - The announcement details the share reduction by the director of Guangdong Jiayuan Technology Co., Ltd., highlighting the number of shares sold and the reasons behind the reduction [1][2]. Group 1: Shareholding Information - Prior to the reduction plan, the director Lai Shichang and his action-in-concert party, Huajun Advanced Manufacturing No. 5 Private Securities Investment Fund, held a total of 16,391,403 shares, accounting for 3.8456% of the company's total shares [1]. - Lai Shichang held 12,304,803 shares, representing 2.8868% of the total shares, which were obtained before the company's initial public offering and through capital reserve conversion [1][3]. Group 2: Reduction Plan Implementation - The reduction plan was announced on May 8, 2025, with a target to sell up to 3,076,200 shares, not exceeding 0.7217% of the total share capital, through centralized bidding and block trading [1][4]. - As of August 28, 2025, Lai Shichang had reduced his holdings by 1,061,370 shares, which is 0.2490% of the total share capital, completing the reduction plan [2][4]. Group 3: Financial Details of the Reduction - The shares were sold at a price range of 21.60 to 23.95 yuan per share, resulting in a total reduction amount of 23,957,015.55 yuan [4]. - After the reduction, Lai Shichang's remaining shares totaled 11,243,433, representing 2.6378% of the total shares [4].

Group 1 - The company plans to acquire a 13.5870% stake in Wuhan Endatong Technology Co., Ltd. through equity transfer and capital increase, with a total investment of RMB 500 million [1] - The investment consists of RMB 150 million for equity transfer and RMB 350 million for capital increase [1] - The target company, Endatong, is a high-tech enterprise engaged in the research, production, and sales of optoelectronic devices in the optical communication field, including high-speed optical modules and active and passive devices [1] Group 2 - The investment marks the company's expansion into the optical module industry, which is a new business area for the company [1] - Following the completion of the investment, the target company will not be included in the company's consolidated financial statements [1]

Group 1 - The company, 嘉元科技, is holding its fourth extraordinary general meeting of shareholders on September 16, 2025 [1][3] - The meeting will take place at the company's office in Guangdong Province, specifically in the first-floor conference room [1][6] - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [1][3] Group 2 - The agenda includes a proposal to lower the conversion price of 嘉元转债, which has already been approved by the company's board [2][3] - Shareholders holding 嘉元转债 are required to abstain from voting on this proposal [2][4] - The meeting will feature both on-site and online voting methods, ensuring flexibility for shareholders [3][4] Group 3 - Shareholders must register to attend the meeting, with registration available from September 10, 2025 [4][5] - The company has provided contact information for inquiries related to the meeting, including phone and email [6]

Mergers and Acquisitions - Jia Yuan Technology plans to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology Co., Ltd, with 150 million yuan for share transfer and 350 million yuan for capital increase, resulting in a 13.587% ownership stake [1] - SMIC is planning to issue A-shares to purchase minority stakes in its subsidiary, SMIC North, with stock suspension expected for no more than 10 trading days starting September 1, 2025 [2] - Aier Eye Hospital intends to acquire partial stakes in three medical institutions for 105 million yuan to enhance its "graded chain" development model [3] Performance Disclosure - China Railway reported a 5.93% decline in revenue to 511.09 billion yuan and a 17.17% decrease in net profit to 11.83 billion yuan for the first half of 2025 [4] - China Rare Earth achieved a net profit of 162 million yuan, reversing a loss of 244 million yuan from the previous year, with a 62.38% increase in revenue to 1.875 billion yuan [5] - Yunnan Baiyao's revenue grew by 3.92% to 21.257 billion yuan, with a net profit increase of 13.93% to 3.633 billion yuan [6] - China Shipbuilding reported a 11.96% increase in revenue to 40.325 billion yuan and a 108.59% rise in net profit to 2.946 billion yuan [7] - BeiGene turned a net loss of 2.88 billion yuan from the previous year into a profit of 450 million yuan, with a 46.03% increase in revenue to 17.52 billion yuan [8] Shareholding Changes - Kweichow Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan within six months, based on confidence in the company's long-term value [9] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by a total of up to 1% due to personal financial needs [10] - Zhejiang Wen Film's shareholder plans to reduce holdings by up to 0.43% for personal financial needs [11] - Chenxin Pharmaceutical's major shareholder plans to reduce holdings by up to 1% for funding requirements [12] Investment Activities - Yinglian Co. plans to invest 918 million yuan in a can lid manufacturing project, expected to generate over 2.158 billion yuan in annual revenue [13] - Zhiyang Innovation intends to invest 20 million yuan to establish a wholly-owned subsidiary to promote embodied intelligence technology innovation [14]

Company Announcements - SMIC plans to issue A-shares to acquire minority stakes in its subsidiary, SMIC North, leading to a temporary suspension of its stock trading for up to 10 trading days [1] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by up to 0.9984% of the total shares [2] - BYD reported a net profit of 15.51 billion yuan for the first half of the year, a year-on-year increase of 13.79% [2] - Changfei Fiber's net profit for the first half of the year was 296 million yuan, down 21.71% year-on-year [2] - Jia Yuan Technology plans to invest 500 million yuan to acquire part of the equity in Endatong, focusing on the optical module industry [1][17] - Guizhou Moutai completed the repurchase of 3.9276 million shares [1][19] Financial Performance - CEC reported a net profit of 24.641 billion yuan for the first half of the year, a decrease of 12% year-on-year [5] - Longjiang Power achieved a net profit of 13.056 billion yuan, up 14.86% year-on-year [8] - China Rare Earth reported a net profit of 162 million yuan, turning from a loss of 244 million yuan in the previous year [9] - Huayi Brothers' net profit increased by 48.34% to 2.028 billion yuan [6] - Wealth Trend's net profit grew by 6.61% year-on-year [24] Mergers and Acquisitions - Tailin Micro plans to acquire 100% of Panqi Micro's equity through a combination of cash and stock issuance [4] - Aishen Medical announced the acquisition of partial equity in three medical institutions for a total of 105 million yuan [18] Stock Movements - Guizhou Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan [15] - Ganfeng Lithium plans to invest 4 billion yuan to build a new lithium-ion battery manufacturing base [16] Market Developments - China National Offshore Oil Corporation won a bid for a project in Qatar worth approximately 4 billion USD [14] - Aishen Medical's acquisition of equity in medical institutions aims to enhance its service coverage and operational efficiency [18]

Group 1: Company Announcements - Guizhou Moutai completed a share buyback of 3.9276 million shares, accounting for 0.3127% of total share capital, with a total expenditure of 6 billion yuan [1] - SMIC plans to issue A-shares to acquire minority stakes in its subsidiary, with stock suspension starting from September 1, 2025, for up to 10 trading days [2] - China Shipbuilding Industry Corporation's stock will be delisted on September 5, 2025, with a conversion ratio of 1:0.1339 to China Shipbuilding's A-shares [3] - CNOOC Engineering won a bid for two segments of the "BH" project from Qatar Energy, with a contract value of approximately 4 billion USD [4] - Aerospace Hongtu signed a satellite and ground system procurement contract worth 990 million yuan with Client A [5] - Zhiyang Innovation plans to invest 20 million yuan to establish a wholly-owned subsidiary to promote embodied intelligence technology [6] - Jiayuan Technology intends to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology, focusing on the optical module industry [7] Group 2: Financial Performance - Pizaihuang reported a net profit of 1.442 billion yuan for the first half of 2025, a decrease of 16.22% year-on-year, with revenue of 5.379 billion yuan, down 4.81% [8] - Sunwoda achieved a net profit of 207 million yuan in the first half of 2025, a significant increase of 1079.59% year-on-year, with revenue of 9.858 billion yuan, up 11.78% [9] - China Rare Earth turned a profit with a net profit of 162 million yuan in the first half of 2025, compared to a loss of 244 million yuan in the same period last year, with revenue of 1.875 billion yuan, up 62.38% [10] - China Shipbuilding reported a net profit of 2.946 billion yuan for the first half of 2025, an increase of 108.59% year-on-year, with revenue of 40.325 billion yuan, up 11.96% [11] - Guotou Zhonglu's net profit reached 25.08 million yuan in the first half of 2025, a year-on-year increase of 2149.03%, with revenue of 1.007 billion yuan, up 39.68% [12] - Jianfeng Group reported a net profit of 618 million yuan, a year-on-year increase of 1196.93%, with revenue of 1.299 billion yuan, down 4.42% [13] - Howey Group achieved a net profit of 2.028 billion yuan, up 48.34% year-on-year, with revenue of 13.956 billion yuan, up 15.42% [14] - Haili Co. reported a net profit of 33.35 million yuan, a year-on-year increase of 694%, with revenue of 12.426 billion yuan, up 13.16% [15] - Huaxia Airlines achieved a net profit of 251 million yuan, a year-on-year increase of 859%, with revenue of 3.610 billion yuan, up 12.41% [16] - BeiGene reported a net profit of 450 million yuan for the first half of 2025, with revenue of 17.518 billion yuan, up 46.03% [17] - China Merchants Bank reported a net profit of 74.93 billion yuan, a year-on-year increase of 0.25%, with net operating income of 169.923 billion yuan, down 1.73% [18] - Agricultural Bank of China reported a net profit of 139.51 billion yuan, a year-on-year increase of 2.7%, with revenue of 369.793 billion yuan, up 0.7% [19] - Bank of China reported a net profit of 117.591 billion yuan, with revenue of 329.418 billion yuan, up from 317.929 billion yuan in the previous year [20] - Industrial and Commercial Bank of China reported a net profit of 168.103 billion yuan, with revenue of 409.082 billion yuan, up from 401.999 billion yuan in the previous year [21] - Bank of Communications reported a net profit of 46.016 billion yuan, a year-on-year increase of 1.61%, with net operating income of 133.498 billion yuan, up 0.72% [22] - China Construction Bank reported a net profit of 162.076 billion yuan, a year-on-year decrease of 1.37%, with operating income of 385.905 billion yuan, up 2.95% [23]

Core Viewpoint - The company, Guangdong Jiayuan Technology Co., Ltd., is making a strategic investment of RMB 500 million in Wuhan Endatong Technology Co., Ltd. to enhance its business scope and revenue growth in the new energy sector [1][3][17]. Investment Overview - The investment consists of acquiring 4.5045% equity through a share transfer for RMB 150 million and an additional capital increase of RMB 350 million [1][3]. - The pre-investment valuation of the target company is RMB 3.33 billion [3][10]. - The investment will not result in the target company being included in the company's consolidated financial statements [1][3]. Decision and Approval Process - The investment was approved by the company's board of directors with a unanimous vote on August 29, 2025 [3][4]. - The funding for this investment will come from the company's own or raised funds, ensuring no adverse impact on daily operations or cash flow [3][17]. Target Company Information - Wuhan Endatong Technology Co., Ltd. specializes in the research, production, and sales of optical electronic devices in the optical communication field [7][17]. - The company’s products include high-speed optical modules and active/passive devices, which are essential for telecommunications and data centers [7][8]. - The optical module industry is experiencing rapid growth due to advancements in AI, IoT, big data, and 5G technologies [7][17]. Industry Outlook - The optical communication sector is expected to benefit from government policies promoting the development of the telecommunications industry [17]. - The investment aligns with the company's strategic goal of expanding its business and revenue streams in the new energy sector [3][17].

Group 1 - The core point of the article is that Jia Yuan Technology (688388) announced an investment of 500 million yuan in Wuhan Endatong Technology Co., Ltd. through equity transfer and capital increase, acquiring a 13.59% stake in the company [1] - The investment consists of an equity transfer payment of 150 million yuan and a capital increase of 350 million yuan [1] - Endatong is a high-tech enterprise engaged in the research, production, and sales of optoelectronic devices in the optical communication field, with products including high-speed optical modules and active and passive devices [1] Group 2 - The investment represents a new business expansion for Jia Yuan Technology into the optical module industry [1] - Following the completion of the investment, Endatong will not be included in Jia Yuan Technology's consolidated financial statements [1]

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-087 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于对外投资的公告 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： 投资标的名称：武汉恩达通科技有限公司（以下简称"恩达通"、"目 标公司"、"乙方"） 投资金额及主要内容：广东嘉元科技股份有限公司（以下简称"公司"、 "本公司"、"嘉元科技"、"甲方"）通过受让股权及增资的方式获得目标公 司部分股权，投资金额人民币5亿元，其中股权转让价款人民币1.5亿元，增资款 人民币3.5亿元。 本次对外投资不构成关联交易，亦不构成重大资产重组。 2、因本次投资尚未完成，相关股份的交割、过户、工商变更等事项能否最 终顺利完成，尚存在不确定性。 3、目标公司所处的光模块行业具有较强的技术周期迭代特征，若其新产品 研发速度未能及时跟进市场需求，可能会导致公司光模块产品在市场中不具备市 场竞争力，可能存在销售收入下 ...

Core Viewpoint - The company, Jia Yuan Technology, reported significant growth in its financial performance for the first half of 2025, driven by increased sales orders, higher capacity utilization, and reduced production costs [1][2] Financial Performance - The company achieved operating revenue of 3.963 billion yuan, a year-on-year increase of 63.55% [1] - Net profit attributable to shareholders was 36.7541 million yuan, marking a turnaround from a loss in the previous year [1] - Basic earnings per share reached 0.09 yuan, compared to -0.25 yuan in the same period last year [1] Production and Capacity - The company's production capacity for copper foil exceeded 130,000 tons by the end of the reporting period [1] - Copper foil production was approximately 41,400 tons, reflecting a year-on-year growth of 72.46% [1] - Copper foil sales reached 40,700 tons, with a year-on-year increase of 63.01% and a capacity utilization rate exceeding 90% [1] Research and Development - R&D investment for the first half of 2025 amounted to 190 million yuan, representing a year-on-year increase of 40.82% [2] - The company has expanded its product matrix in the lithium battery copper foil sector, achieving stable mass supply of ultra-thin copper foils [2] - Notable advancements in solid-state battery technology have been made, with products like high specific surface area copper foil and special alloy copper foil being supplied to multiple enterprises [2] Strategic Focus - The company's development strategy in the PCB copper sector emphasizes high-end and differentiated products, targeting high-frequency, high-speed circuit copper foil, HDI copper foil, and special functional copper foil [1] - The company is actively exploring overseas markets while optimizing its product structure to increase the proportion of high-value-added products [1]