证券代码：688533 证券简称：上声电子 公告编号：2026-002 债券代码：118037 债券简称：上声转债 苏州上声电子股份有限公司 可转债转股结果暨股份变动公告 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： ●累计转股情况： "上声转债"于 2024 年 1 月 12 日起开始进入 转股期。自 2024 年 1 月 12 日起至 2025 年 12 月 31 日，"上声转债" 转股的金额为人民币 52,028,000 元，因转股形成的股份数量为 1,758,055 股，占"上声转债"转股前公司已发行股份总额的 1.0987844%。 ●未转股可转债情况：截至 2025 年 12 月 31 日，"上声转债" 尚未转股的可转债金额为人民币 467,972,000 元，占"上声转债"发 行总量的 89.9946154%。 二、可转债本次转股情况 ●本季度转股情况：自 2025 年 10 月 1 日起至 2025 年 12 月 31 日，"上声转债"转股的金额为人民币 0 元，因转股形成的股份数量 为 ...

Core Viewpoint - The stock price of Suzhou Shangsheng Electronics (688533) increased by 2.48% to 29.36 CNY as of December 26, 2025, with a total market capitalization of 4.762 billion CNY [1] Company Announcements Summary - The board's remuneration and assessment committee has publicly disclosed and verified the list of candidates for the 2025 restricted stock incentive plan, with no objections received during the public notice period from December 18 to December 27, 2025 [1] - The company has received approval from the China Securities Regulatory Commission for the registration of its convertible bond issuance, which is valid for 12 months from the date of approval [1]

证券代码：688533 证券简称：上声电子 公告编号：2026-001 债券代码：118037 债券简称：上声转债 苏州上声电子股份有限公司 关于向不特定对象发行可换公司债券申请 获得中国证券监督管理委员会同意注册批复的公告 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。 苏州上声电子股份有限公司（以下简称"公司"）于近日收到中 国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同 意苏州上声电子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[2025]2967 号），现将批复文件主要内容公 告如下： 2026 年 1 月 1 日 二、公司本次发行应严格按照报送上海证券交易所的申报文件 和发行方案实施。 三、本批复自同意注册之日起 12 个月内有效。 四、自同意注册之日起至本次发行结束前，公司如发生重大事项， 应及时报告上海证券交易所并按有关规定处理。 公司董事会将根据相关法律法规及上述批复文件的要求，在公司 股东会的授权范围内办理本次向不特定对象发行可转换公司债券的 相关事宜，公司将根据该事 ...

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission (CSRC) for the registration application to issue convertible bonds to unspecified investors [1] Group 1 - The issuance must be implemented according to the application documents and issuance plan submitted to the Shanghai Stock Exchange [1] - The approval is valid for 12 months from the date of registration consent [1] - The company is required to report any significant events to the Shanghai Stock Exchange in a timely manner from the date of registration until the issuance is completed [1] Group 2 - The company's board of directors will handle related matters within the scope authorized by the shareholders' meeting and will disclose progress in a timely manner [1]

| 证券代码：688533 | 证券简称：上声电子 | 公告编号：2025-063 | | --- | --- | --- | | 债券代码：118037 | 债券简称：上声转债 | | 苏州上声电子股份有限公司 董事会薪酬与考核委员会关于公司 2025 年限制性股票激励 计划拟激励对象名单的公示情况说明及核查意见 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。 苏州上声电子股份有限公司（以下简称"公司"）于 2025 年 12 月 17 日召开了第三届董事会第十八次会议，审议通过了《关于公司 2025 年限制性股票激励计划（草案）及其摘要》《关于公司 2025 年 限制性股票激励计划实施考核管理办法的议案》等相关议案。根据《上 市公司股权激励管理办法》（以下简称"《管理办法》"）、《上海 证券交易所科创板股票上市规则》（以下简称"《上市规则》"）、 《科创板上市公司自律监管指南第 4 号——股权激励信息披露》（以 下简称"《监管指南》"）等法律法规的相关规定，公司对 2025 年限 制性股票激励计划（以下简称"本激励计 ...

2026 年第一次临时股东会会议资料 证券代码：688533 证券简称：上声电子 债券代码：118037 债券简称：上声转债 2026 年第一次临时股东会会议资料 苏州上声电子股份有限公司 2026 年第一次临时股东会会议资料目录 | 2026 | 年第一次临时股东会会议须知 | 3 | | --- | --- | --- | | 2026 | 年第一次临时股东会会议议程 | 6 | | 2026 | 年第一次临时股东会会议议案 | 8 | | 关于公司 | 2025 年限制性股票激励计划（草案）及其摘要的议案 9 | | | 关于公司 | 2025 年限制性股票激励计划实施考核管理办法的议案 | 10 | | | 关于提请股东会授权董事会办理股权激励相关事宜的议案 11 | | — 2 — 苏州上声电子股份有限公司 2026 年第一次临时股东会会议资料 苏州市-相城区 二〇二六年一月五日 — 1 — 2026 年第一次临时股东会会议资料 苏州上声电子股份有限公司 2026 年第一次临时股东会会议须知 为维护广大投资者的合法权益，保证大会的顺利进行，保障股东 在本次股东会期间依法行使权利，苏州上声电子股份有限 ...

Core Insights - The transition from L2 to L3 represents a critical leap from driver assistance to autonomous driving, with responsibility potentially shared among drivers, manufacturers, and autonomous system suppliers [2] Investment Summary - The first L3-level vehicles have been approved for road use, marking a significant milestone in China's autonomous driving industry, transitioning from laboratory testing to legitimate road applications [3] - The approval establishes a clear safety baseline by allowing conditional and limited scenarios for testing, promoting innovation while ensuring safety [3] - The high reliability and safety redundancy requirements of L3 systems will drive technological upgrades across the entire supply chain, including perception hardware, computing platforms, and software algorithms [3] Future Outlook - Pilot programs are expected to expand from current highway and congested scenarios to more complex urban roads, with legal and technical standards evolving based on pilot experiences to support broader adoption [3] - The high costs associated with vehicles equipped with advanced autonomous driving features need to decrease through technological advancements and economies of scale for widespread consumer adoption [3][4] Investment Strategy and Focus - The automotive sector should focus on undervalued leading manufacturers and component suppliers benefiting from performance improvements, particularly in the fields of new energy and intelligent vehicles [5] - Recommended companies include early movers in the new energy sector such as BYD, Changan Automobile, Geely, and Li Auto; stable low-valuation component leaders like Huayu Automotive and Fuyao Glass; and key players in electrification and intelligence like Desay SV, Ruikeda, and Kobot [5] - The strategy also highlights opportunities arising from domestic substitution due to the "domestic circulation" initiative, with companies like Lingdian Electric Control and Sanhua Intelligent Control being of interest [5] Key Focus Companies - The investment focus for the week includes BYD, Li Auto, Top Group, Desay SV, and Shangsheng Electronics [6]

Core Insights - November automotive sales reached 3.429 million units, a year-on-year increase of 3.4%. Cumulative sales from January to November totaled 31.127 million units, reflecting an 11.4% year-on-year growth [1][2] - The comprehensive inventory coefficient for automotive dealers in November was 1.6, up 41.4% year-on-year and 34.2% month-on-month. The inventory warning index stood at 55.6%, an increase of 3.8 percentage points year-on-year and 3 percentage points month-on-month [2] Sales Performance - In November, the sales of new energy vehicles (NEVs) reached 1.823 million units, marking a 20.6% year-on-year increase, with a penetration rate of 53.2%. From January to November, NEV sales totaled 14.78 million units, up 31.2% year-on-year, with a penetration rate of 47.5% [2] Investment Strategy - The automotive sector should focus on undervalued leading companies in vehicle manufacturing and parts due to performance improvements. Key areas of interest include: - Domestic car manufacturers with first-mover advantages in the NEV sector, such as BYD, Changan Automobile, Geely, and Li Auto [3] - Stable performance low-valuation leading parts manufacturers like Huayu Automotive and Fuyao Glass [3] - Core players in the electrification and intelligentization sectors, including Desay SV, Ruikeda, Kobot, and Bertley [3] - Opportunities arising from domestic circulation and local replacements, such as Lingdian Electric Control, Sanhua Intelligent Control, Xingyu Co., and Shangsheng Electronics [3] - Strong vehicle manufacturers driving demand for core components, including Top Group, Wencan Co., and Xusheng Group [3] Market Overview - The automotive sector experienced a weekly change of 0.16%, ranking 9th among 31 sectors. The automotive industry outperformed the CSI 300 index during the week [5] - The weekly performance of major indices was as follows: Shanghai Composite Index -0.34%, CSI 300 -0.08%, Shenzhen Component Index 0.84%, and ChiNext Index 2.74% [5] - In sub-sectors, the weekly performance was: automotive services -5.23%, automotive parts 0.11%, passenger vehicles 0.23%, commercial vehicles 0.25%, and motorcycles and others 1.70% [5] Top Performing Stocks - The top five performing stocks in the automotive sector for the week were: Chaojie Co., Huamao Technology, Yueling Co., Huapei Power, and Zhenghe Industrial [6] Underperforming Stocks - The bottom five performing stocks in the automotive sector for the week were: Xiamen Xinda, Rongtai Co., Longji Machinery, Kailong High-Tech, and Disengli [7]

Core Viewpoint - The company announced adjustments to the grant prices of its restricted stock incentive plans for 2023 and 2024, indicating a strategic move to align with market conditions and company performance [1] Group 1 - The company held its 18th meeting of the third board of directors on December 17, where multiple resolutions were approved [1] - The resolutions included adjustments to the grant prices for the 2023 and 2024 restricted stock incentive plans [1]

Core Viewpoint - The company announced that it will hold its first extraordinary general meeting of shareholders for 2026 on January 5, 2026, at 14:30 [2] Group 1 - The meeting is scheduled to take place on January 5, 2026 [2] - The time for the meeting is set for 14:30 [2] - The announcement was made on the evening of December 17 [2]