Core Points - The major shareholder, Shanghai Jianlin Enterprise Management Partnership (Limited Partnership), reduced its stake in Shanghai Jiaocheng Ultrasonic Technology Co., Ltd. from 9,736,376 shares (8.48%) to 7,607,596 shares (6.57%) through a share reduction plan [1][2][5] Group 1: Shareholder Information - Before the reduction, the major shareholder held 9,716,364 shares, accounting for 8.46% of the total share capital, with 8,596,322 shares being tradable since September 27, 2023 [1][2] - The reduction plan was announced on March 24, 2025, due to the shareholder's funding needs, allowing for a maximum reduction of 1.87% over a three-month period [2][3] Group 2: Reduction Results - The actual reduction amounted to 2,128,780 shares, completed through both block trades and centralized bidding, with a total transaction value of approximately 109.17 million yuan [3][4] - The reduction period spanned from April 30, 2025, to June 17, 2025, with the share price ranging from 50.00 to 54.50 yuan per share [3][4] Group 3: Impact of the Reduction - The reduction did not lead to a change in the company's controlling shareholder or actual controller, nor did it trigger a mandatory bid or violate any prior commitments [4][5] - The reduction was influenced by the company's 2024 restricted stock incentive plan, which resulted in a passive dilution of the shareholder's stake [4][5]

Core Points - The report details a reduction in shareholding by Zhu Xiang in Shanghai Jiaocheng Ultrasonic Technology Co., Ltd., with the shareholding percentage decreasing to 5% due to passive dilution and block trading [1][5][6] - The total shareholding before the change was 7,000,000 shares, representing 6.10% of the company's total equity, which increased to 115,733,360 shares after the equity incentive registration [5][8] - The report confirms that there are no other plans for share reduction or acquisition in the next 12 months, aside from the disclosed reduction [4][6] Section Summaries Section 1: Definitions - The report defines key terms such as "equity change," "information disclosing obligor," and relevant laws and regulations governing the report [3] Section 2: Information Disclosing Obligor Introduction - Zhu Xiang is identified as the information disclosing obligor, with no foreign residency rights [4] Section 3: Purpose of Equity Change and Shareholding Plan - The equity change is attributed to passive dilution and personal funding needs, with no additional share reduction plans disclosed for the next 12 months [4][6] Section 4: Method of Equity Change - Zhu Xiang's shareholding was reduced from 7,000,000 shares to 5,786,700 shares, a decrease of 1,213,300 shares, representing 1.52% of the total equity [5][8] Section 5: Trading Activity in the Last Six Months - No other trading activities in the company's shares were reported in the six months prior to the report [7] Section 6: Other Significant Matters - No additional significant information was disclosed that could mislead the report's content [7] Section 7: Documents for Reference - The report and related documents are available for review at the company's securities investment department [7]

Core Viewpoint - The announcement details a change in the equity stake of a major shareholder, Zhu Xiang, who has reduced his holdings in Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd. to 5.00% through a combination of stock dilution and share reduction, without triggering a mandatory takeover bid [1][2][3]. Summary by Sections 1. Basic Situation of Equity Change - Zhu Xiang's shareholding has decreased to 5,786,700 shares, representing 5.00% of the company after the equity change [1]. - The reduction in shareholding is due to the passive dilution from the vesting of restricted stock and a planned reduction through block trading [1][2]. 2. Details of Share Reduction - Zhu Xiang's shareholding was previously 7,000,000 shares, which accounted for 6.10% of the total shares before the change [2][3]. - The total share capital of the company increased from 114,800,000 shares to 115,733,360 shares due to the vesting of 933,360 restricted shares [1][2]. 3. Subsequent Matters - The equity change does not affect the control of the company or its governance structure, and it will not have a significant impact on the company's ongoing operations [3][4]. - The company will continue to monitor Zhu Xiang's shareholding changes and fulfill its disclosure obligations as required by law [4].

Investment Rating - The report assigns a "Buy-A" rating for the company, indicating a strong potential for price appreciation in the next 6-12 months [1]. Core Insights - The company has shown significant improvement in profitability, with a notable increase in revenue and net profit in recent quarters, particularly in the automotive and semiconductor sectors [4][5]. - The company is expected to benefit from the growing demand in the new energy vehicle and semiconductor markets, with projections for continued revenue growth in the coming years [8]. Financial Performance Summary - For the fiscal year 2024, the company reported revenue of 585 million yuan, a year-on-year increase of 11.3%, and a net profit of 86 million yuan, up 29.04% [4]. - In Q1 2025, the company achieved revenue of 148 million yuan, reflecting a 22.35% year-on-year growth, and a staggering net profit increase of 2152.47% [4]. - The company’s gross margin improved significantly, reaching 64.91% in Q1 2025, driven by a favorable product mix [4]. Business Segment Analysis - The automotive wire harness connector business is experiencing strong growth, with revenue from ultrasonic equipment for wire harnesses reaching 81.34 million yuan in 2024, a 352.37% increase [5]. - The semiconductor business is also poised for rapid growth, with revenue from ultrasonic equipment reaching 46.93 million yuan in 2024, a 195.66% increase, benefiting from domestic substitution trends [5]. - The accessories and consumables segment saw a revenue increase of 70.45% in 2024, with a gross margin improvement to 75.93% [6]. Future Projections - The company is expected to see continued growth in net profit, with projections of 133 million yuan in 2025, 203 million yuan in 2026, and 289 million yuan in 2027, representing year-on-year growth rates of 54.9%, 52.9%, and 42.2% respectively [10][12]. - Earnings per share (EPS) are projected to increase to 1.15 yuan in 2025, 1.76 yuan in 2026, and 2.50 yuan in 2027 [10][12].

证券代码：688392 证券简称：骄成超声 公告编号：2025-030 上海骄成超声波技术股份有限公司 关于持股 5%以上股东权益变动至 5%的提示性公告 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： 本次权益变动为股份减持及被动稀释，不触及要约收购。 本次权益变动后，股东朱祥先生(以下简称"信息披露义务人")持有公 司股份数量减少至 5,786,700 股，持有公司股份的比例减少至 5.00%。 本次权益变动不会使公司控股股东、实际控制人发生变化。 上海骄成超声波技术股份有限公司（以下简称"公司"）近日收到股东朱祥 先生出具的《简式权益变动报告书》，现将有关权益变动情况公告如下： 一、本次权益变动基本情况 1、信息披露义务人基本情况 姓名：朱祥 性别：男 国籍：中国 是否取得其他国家或者地区的居留权：否 2、本次权益变动的情况 本次权益变动的方式是因公司股权激励限制性股票归属登记总股本增加导 致信息披露义务人朱祥先生持股比例被动稀释，以及其通过大宗交易方式减持公 司股份，导致信息披露义务人持有公司股份的 ...

证券代码：688392 证券简称：骄成超声 公告编号：2025-031 上海骄成超声波技术股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度暨 减持股份结果公告 本公司董事会、全体董事及相关股东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： 大股东持股的基本情况 本次减持计划实施前，上海骄成超声波技术股份有限公司（以下简称"公 司"）的股东上海鉴霖企业管理合伙企业（有限合伙）（以下简称"鉴霖企管" 或"信息披露义务人"）持有公司股份 9,716,364 股，占公司当时总股本的 8.46%， 其中 8,596,322 股已于 2023 年 9 月 27 日起上市流通。以上股份来源于公司首次 公开发行前及上市后资本公积转增股本取得的股份。 减持计划的实施结果情况 公司于 2025 年 3 月 24 日披露了《持股 5%以上股东减持股份计划公告》（公 告编号：2025-003），因自身资金需求，鉴霖企管拟于本减持计划公告披露之日 起 15 个交易日后的 3 个月内，通过集中竞价和/或大宗交易方式减持合计不超过 2,149,0 ...

上海骄成超声波技术股份有限公司 简式权益变动报告书 上市公司名称：上海骄成超声波技术股份有限公司 股票上市地点：上海证券交易所 股票简称：骄成超声 股票代码：688392 信息披露义务人：朱祥 住所或通讯地址：江苏省南京市 股份变动性质：股份减持（被动稀释、大宗交易），持股比例降至5% 签署日期：2025年6月17日 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》（以下简称 《证券法》）、《上市公司收购管理办法》（以下简称《收购管理办法》）、《公 开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》（以 下简称《准则 15 号》）等相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《证券法》《收购管理办法》及《准则 15 号》的规定，本报告书 已全面披露信息披露义务人在上海骄成超声波技术股份有限公司（以下简称"上 市公司"、"骄成超声"或"公司"）拥有权益的股份变动情况。 截至本报告书签署之日，除本报告书披露的持股信息外，信息披露义务人没 有通过任何其他方式增加或减少其在骄成超声中拥有权益的股份。 四、本次权益变动 ...

国泰海通证券股份有限公司 关于上海骄成超声波技术股份有限公司 差异化分红事项的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 上海骄成超声波技术股份有限公司（以下简称"骄成超声"或"公司"）首次公 开发行股票并上市持续督导保荐机构，根据《中华人民共和国公司法》《中华人 民共和国证券法》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》 等相关法律、行政法规、部门规章及其他规范性文件的相关规定，对公司 2024 年度利润分配所涉及的差异化分红（以下简称"本次差异化分红"）相关事项进 行了审慎核查，并出具核查意见如下： 一、本次差异化分红的原因 公司于 2024 年 2 月 4 日召开第一届董事会第二十次会议，审议通过了《关 于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用不低于人民币 5,000 万元、不超过人民币 10,000 万元的超募资金以集中竞价交易方式回购公司 股份，回购价格不超过 102.56 元/股，主要用于维护公司价值和股东权益，回购 期限为自公司董事会审议通过本次回购股份方案之日起 3 个月。 公司于 2024 年 7 月 18 日召开第二届董 ...

证券代码：688392 证券简称：骄成超声 公告编号：2025-029 上海骄成超声波技术股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/23 | 2025/6/24 | 2025/6/24 | 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 6 日的2024年年度股东大会审议通过。 二、分配方案 1、发放年度：2024年年度 （1）本次差异化分红方案 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.35元 相关日期 根据公司 2024 年年度股东大会审议通过的《关于 2024 年年度利润分配预案 的议案》，公司拟以实施权益分派股权登记日登记的总股本扣减公司回购专用证券 账户中股份数量后的股份总数为基数，向全体股东每 10 股派发现金红利 3.50 元（含 税），不进行资本公积金转增股本，不送红股。如在分配 ...

Market Overview - On June 18, A-shares saw a slight increase in the three major indices, with the Shanghai Composite Index rising by 0.04%, the Shenzhen Component Index by 0.24%, and the ChiNext Index by 0.23%. The total market turnover reached 12,217 billion [1]. Semiconductor Industry - The semiconductor industry chain experienced a significant rise in the afternoon, with sectors such as PCB, CPO, storage chips, and AI PCs leading the gains. PCB leader Huadian Co., Ltd. saw a limit-up, with a net inflow of 7.18 billion from main funds, ranking first in A-shares [4]. - Huadian's recent investor relations activity indicated a sustained growth in demand for AI-driven servers and high-speed network infrastructure, with expectations for capacity improvements by the second half of 2025 [4]. - In Q1, Huadian reported a revenue of 40.38 billion, a year-on-year increase of 56.25%, and a net profit of 7.62 billion, up 48.11% year-on-year, indicating rapid growth [4]. CPO Sector - The CPO (Co-Packaged Optics) sector surged in the afternoon, with stocks like Kexiang Co. hitting the limit-up, and other companies such as Lian Te Technology and Shengyi Electronics also seeing significant gains [6]. - According to YOLE Group, the CPO market is expected to reach a value of 8.1 billion by 2030, with a compound annual growth rate of 137%, driven by the transition from pluggable optical modules to CPO and from copper cables to optical communication [9]. - JPMorgan's report suggests that CPO technology is accelerating towards commercialization, with industry leaders positioned favorably for the next growth cycle [9]. Solid-State Battery Sector - The solid-state battery sector showed a rebound in the afternoon, with stocks like Pulutong and Nord Co. hitting the limit-up, and Jinyinhai rising over 10% [11]. - Xiaomi's recent patent for solid-state battery composite electrodes, which enhances ion transport efficiency, was published, indicating advancements in solid-state battery technology [13]. - The first "Lithium Sulfide and Sulfide Solid-State Battery Forum" is scheduled for June 25, focusing on the latest technologies and industrial applications in the field [14]. - China Galaxy Securities highlights that solid-state batteries are a core focus in the lithium battery supply chain, with significant growth potential for leading cell and material companies [14].