Group 1: Company Performance - China Life reported a net profit of 106.935 billion yuan for 2024, representing a year-on-year increase of 108.9% [3] - China Life's operating revenue for 2024 reached 528.567 billion yuan, up 30.5% compared to the previous year [3] - Aluminum Corporation of China announced a net profit of 12.4 billion yuan for 2024, reflecting an 85.38% year-on-year growth [4] - Broadcom Electric's net profit surged by 411.28% in 2024, with a proposed dividend of 0.70 yuan per 10 shares [10] - China Pacific Insurance's net profit for 2024 increased by 64.9%, with a proposed dividend of 10.8 yuan per 10 shares [10] Group 2: Corporate Actions - Naxin Micro announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance competitiveness and diversify financing channels [7] - Xunji Technology is planning to acquire 100% equity of Shenzhen Jiazhihong Electronics, leading to a significant asset restructuring [5] - Nasda announced the sale of its 100% stake in Lexmark International for an estimated price between 75 million and 150 million USD, significantly lower than the historical investment of 1.385 billion USD [8] - General Shares announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [9] Group 3: Market Impact - The inclusion of Southwest Design, a subsidiary of Electric Science and Technology, on the U.S. Department of Commerce's Entity List may affect its operations, although the company claims no substantial impact on business [6] - The stock of General Shares will be suspended due to potential changes in control, which may affect investor sentiment [9]

证券代码：688655 证券简称：迅捷兴 公告编号：2025-029 深圳市迅捷兴科技股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资 金事项的停牌公告 根据《上市公司重大资产重组管理办法》等相关法律法规的规定，本次交易预 计构成重大资产重组。由于本次交易尚处筹划阶段，因此关于重大资产重组的具体 认定，应以重组预案或者报告书中披露的信息为准。本次交易不会导致公司控股股 东、实际控制人发生变更，不构成重组上市。 因本次交易尚处于筹划阶段，有关事项尚存在不确定性，为了保证公平信息披 露、维护投资者利益，避免对公司股价造成重大影响，根据上海证券交易所的相关 规定，经公司申请，公司股票（证券简称：迅捷兴，证券代码：688655）将于 2025 年 3 月 27 日（星期四）开市起停牌，预计停牌时间不超过 10 个交易日。 股票停牌期间，公司将根据事项进展情况，严格按照有关法律、法规及规范性 文件的规定和要求及时履行信息披露义务。待上述事项确定后，公司将及时发布相 关公告并申请公司股票复牌。敬请广大投资者关注后续公告，并注意投资风险。 二、本次交易基本情况 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 ...

Group 1 - The company is planning to acquire 100% equity of Shenzhen Jiazhihong Electronics Co., Ltd. through a combination of issuing shares and cash payment, along with raising supporting funds [1] - This transaction is expected to constitute a major asset restructuring, but it will not lead to a change in the controlling shareholder or actual controller of the company [1] - The company's stock will be suspended from trading starting March 27, 2025, for a period not exceeding 10 trading days due to the ongoing planning stage of the transaction [1] Group 2 - For the year 2024, the company's revenue composition is 95.34% from printed circuit boards and 4.66% from other businesses [2] - The current market capitalization of the company is 1.9 billion yuan [4]

Core Viewpoint - The report outlines the continuous supervision and guidance provided by Minsheng Securities for Shenzhen Xunjiexing Technology Co., Ltd. after its listing, emphasizing the company's compliance with regulations and the challenges it faces in the PCB industry [1][2][3]. Continuous Supervision Work - Minsheng Securities has established a comprehensive supervision system and executed a work plan to monitor Xunjiexing's operations, ensuring compliance with laws and regulations [2][3]. - The supervision includes regular communication, site inspections, and due diligence to understand the business situation of Xunjiexing [2][3]. - No violations or breaches of commitments were reported during the supervision period [3]. Financial Performance - In 2024, the company's revenue was 47,458.50 million RMB, a 2.26% increase from 2023 [12]. - The net profit attributable to shareholders was -197.40 million RMB, a significant decline compared to 1,346.97 million RMB in 2023, marking a 114.65% decrease [12][13]. - The net profit after deducting non-recurring gains and losses was -710.19 million RMB, down 213.27% year-on-year [12][13]. Industry Challenges - The PCB industry is experiencing intense price competition, leading to high fixed costs and underutilization of production capacity for Xunjiexing [5]. - The company faces risks related to core competitiveness, as continuous R&D and process improvements are essential for maintaining market position [5][6]. - There is a significant reliance on raw material prices, which can impact operational costs and profitability [7]. Core Competitiveness - Xunjiexing specializes in PCB prototypes and small-batch production, with a focus on high-difficulty, customized products [14][15]. - The company has developed a comprehensive technical system to meet diverse customer needs, including various specialized PCB technologies [16][17]. - The company has established a robust quality control system to ensure product quality and timely delivery [18]. R&D Investment - The company invested 3,213.67 million RMB in R&D in 2024, reflecting its commitment to innovation [19]. - The R&D expenditure as a percentage of revenue was 6.77%, slightly down from 7.00% in the previous year [13]. Use of Raised Funds - As of December 31, 2024, the company had a net amount of 20,005.52 million RMB from fundraising, with no violations in the use of these funds [19].

Core Viewpoint - Shenzhen Xunjiexing Technology Co., Ltd. successfully completed its initial public offering (IPO) on the Science and Technology Innovation Board, raising a net amount of RMB 200.0552 million [1][2]. Group 1: Company Overview - Company Name: Shenzhen Xunjiexing Technology Co., Ltd. - Stock Code: 688655.SH - Registered Capital: RMB 133.39 million - Legal Representative: Ma Zhuo - Actual Controller: Ma Zhuo - Listing Date: May 11, 2021 - Listing Location: Shanghai Stock Exchange [1][2]. Group 2: Sponsorship and Due Diligence - The sponsor, Minsheng Securities Co., Ltd., conducted thorough due diligence and coordinated with various intermediaries during the IPO process, ensuring compliance with relevant regulations [2][5]. - The sponsor provided ongoing supervision from May 11, 2021, to December 31, 2024, ensuring the company adhered to operational norms and information disclosure obligations [2][5]. Group 3: Fundraising and Investment Projects - The company changed its fundraising project from "annual production of 300,000 square meters of high multi-layer boards and 180,000 square meters of HDI projects" to "annual production of 600,000 square meters of PCB intelligent factory expansion project" due to increased order demands [2][3]. - The total planned investment for the new project is RMB 323.1407 million, with RMB 200.0552 million allocated from the raised funds [3]. Group 4: Project Timeline Adjustments - The first phase of the project was delayed from June 2022 to December 2022, while the second phase was postponed from the fourth quarter of 2022 to October 2023 due to supply chain disruptions and market conditions [3][4]. - The adjusted production capacity for the project is expected to reach 600,000 square meters annually upon completion [3]. Group 5: Compliance and Fund Usage - The sponsor confirmed that the company complied with regulations regarding the storage and use of raised funds, ensuring that funds were stored in dedicated accounts and used for their intended purposes [6]. - As of December 31, 2024, there remains a balance of RMB 11.0121 million from the raised funds, with the sponsor continuing to oversee the management and usage of these funds [6].

民生证券股份有限公司 关于深圳市迅捷兴科技股份有限公司 2024 年持续督导跟踪报告书 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规 则》等有关法律、法规的规定，民生证券股份有限公司（以下简称"保荐机构"） 作为深圳市迅捷兴科技股份有限公司（以下简称"迅捷兴"和"公司"）持续督导 工作的保荐机构，负责迅捷兴上市后的持续督导工作，并出具本持续督导年度报告 书。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具 | 保荐机构已建立健全并有效执行了 | | | 体的持续督导工作制定相应的工作计划 | 持续督导制度，并制定了相应的工 | | | | 作计划 | | 2 | 根据中国证监会相关规定，在持续督导工作开始 | 保荐机构已与迅捷兴签署了保荐及 | | | 前，与上市公司或相关当事人签署持续督导协议， | 承销协议，该协议明确了双方在持 | | | 明确双方在持续督导期间的权利义务，并报上海证 | 续督导期间的权利和义务，并报上 | | | 券交易所备案 | 海证券交易所备 ...

民生证券股份有限公司关于深圳市迅捷兴科技股份有限公司 首次公开发行股票并在科创板上市之保荐总结报告书 根据中国证券监督管理委员会《关于同意深圳市迅捷兴科技股份有限公司 首次公开发行股票注册的批复》（证监许可﹝2021﹞961 号）同意注册，深圳市 迅捷兴科技股份有限公司（以下简称"迅捷兴"、"公司"）2021 年 4 月于上海 证券交易所向社会公众公开发行人民币普通股（A 股）3,339 万股，发行价为 7.59 元/股，募集资金总额为人民币 25,343.01 万元，扣除各项发行费用人民 币 5,337.49 万元，实际募集资金净额为人民币 20,005.52 万元。本次发行证券 已于 2021 年 5 月 11 日在上海证券交易所科创板上市。民生证券股份有限公司 （以下简称"保荐机构"或"民生证券"）担任其持续督导保荐机构，持续督导 期间为 2021 年 5 月 11 日至 2024 年 12 月 31 日。 2024 年 12 月 31 日，持续督导期已届满，民生证券根据《证券发行上市保 荐业务管理办法》《上海证券交易所科创板股票上市规则》《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 ...

Summary of the Conference Call for XunJieXing Company Overview - XunJieXing was established in 2005 and went public on the Sci-Tech Innovation Board in 2021. The company has three production bases located in Shenzhen, Ganzhou Xinfeng, and Zhuhai [3][4]. Business Layout and Production Capacity - Shenzhen base focuses on customized sample production, while Ganzhou Xinfeng has two factories: one for small-batch production of high-layer HDI boards and another for large-scale production with a capacity of 600,000 square meters expected to be fully operational by the end of 2023 [3]. - Zhuhai base is set to produce samples, with the first phase expected to start production in Q2 2025, significantly increasing capacity [3][4]. Core Business and Services - XunJieXing specializes in PCB samples and small-batch production for nearly 20 years, with comprehensive technology to meet customer needs in emerging tech fields like optical modules, smart home devices, and low-altitude economy [3][4]. - The company offers a one-stop service from sample to mass production, enhancing customer relationships and increasing market share [3][4]. Future Development Focus - The company aims to ramp up production at the Ganzhou Xinfeng second factory and launch the Zhuhai factory to capture global orders through an online marketplace targeting electronic manufacturers and research institutions [5]. - Innovations in automation and engineering systems are expected to significantly enhance production efficiency and profitability [5]. Collaboration in the Robotics Sector - XunJieXing collaborates closely with Yibo Technology, which covers about 60% of the humanoid robot PCB market, providing stable orders and expected growth of 30% in 2025 [6][10]. - The company is also involved in industrial robotics, partnering with clients like Huichuan Technology and Estun Automation [6][7]. Revenue Breakdown and Future Projections - For 2024, the revenue breakdown is projected as follows: automotive and security each at 20%, and computer communication and risk control at 10% [13]. - The Zhuhai factory's first phase is expected to achieve an annual output of 720,000 square meters, corresponding to a revenue of 1 billion yuan, with the second phase targeting a total capacity of 1.5 million square meters [22][27]. Profitability Expectations - The net profit margin for the Zhuhai factory is anticipated to reach 20%-30% upon full operation, while the Ganzhou Xinfeng factory is expected to contribute nearly 100 million yuan in profit by 2026 [24][35]. - The overall projected net profit for the company could reach around 600-700 million yuan in optimistic scenarios [35]. Strategic Positioning and Competitive Advantage - XunJieXing's core competitiveness lies in its technical capabilities in complex PCB manufacturing, which allows it to handle high-difficulty and customized orders that larger manufacturers may not be able to fulfill [15][32]. - The company is transitioning from sample production to large-scale manufacturing to enhance overall business scale and profitability [30][34]. Market Dynamics and Client Relationships - The company has established long-term relationships with major clients, including Huawei and Tesla, which positions it favorably for future large-scale orders [31]. - The distinction between sample and mass production is driven by client needs at different stages of product development, allowing XunJieXing to cater to both [31][33]. Conclusion - XunJieXing is well-positioned in the PCB market with a focus on innovation, strategic partnerships, and a robust production capacity that aligns with emerging market demands, particularly in the robotics sector. The company's future growth is supported by its ability to adapt to client needs and expand its service offerings.

民生证券股份有限公司 关于深圳市迅捷兴科技股份有限公司 2024 年度募集资金存放与实际使用情况的专项核查意见 民生证券股份有限公司（以下简称"民生证券"或"保荐机构"）作为深圳 市迅捷兴科技股份有限公司（以下简称"迅捷兴"或"公司"）首次公开发行股 票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 海证券交易所上市公司自律监管指引第 11 号——持续督导》、《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（2022 年修订）》、《上 海证券交易所科创板股票上市规则》等有关规定，对迅捷兴 2024 年度募集资金 的存放和实际使用情况进行了专项核查，核查情况如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 根据中国证券监督管理委员会《关于同意深圳市迅捷兴科技股份有限公司 首次公开发行股票注册的批复》（证监许可﹝2021﹞961 号）同意注册，公司 2021 年 4 月于上海证券交易所向社会公众公开发行人民币普通股(A 股)3339 万 股，发行价为 7.59 元/股，募集资金总额为人民币 25,343.01 万元，扣除各项 发行费用人民币 5,337 ...

现将本人 2024 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人基本情况 刘木勇，男，1982 年出生，中国国籍，无境外永久居留权，2003 年 7 月至 2007 年 6 月任宁波飞扬音响技术有限公司财务；2007 年 11 月至 2010 年 9 月任 宁波高新区轩宇投资咨询有限公司审计经理；2010 年 10 月至今任中汇会计师事 务所（特殊普通合伙）项目经理、高级经理、授薪合伙人、合伙人。2022 年 6 月至今任公司独立董事。 2024 年度独立董事述职报告 2024 年，作为深圳市迅捷兴科技股份有限公司（以下简称"迅捷兴"或"公 司"）的独立董事，本人严格按照《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司治理准则》《上市公司独立董事管理办法》等法律、法规、 规范性文件要求，以及《深圳市迅捷兴科技股份有限公司章程》（以下简称"公 司章程"）《深圳市迅捷兴科技股份有限公司独立董事工作制度》等制度规定， 勤勉尽责地履行了独立董事的职责和义务，积极出席公司股东大会、董事会及其 专门委员会相关会议，认真审议公司董事会及其专门委员会各项议案，并对公司 相关会议审议的重要决策事项发表 ...