证券代码：688655 证券简称：迅捷兴 公告编号：2025-062 深圳市迅捷兴科技股份有限公司 深圳市迅捷兴科技股份有限公司（以下简称"公司"）拟通过发行股份及支 付现金的方式购买深圳市嘉之宏电子有限公司（下称"嘉之宏"）的 100%股权并 募集配套资金（下称"本次交易"）。本次交易预计构成《上市公司重大资产重组 管理办法》《上海证券交易所科创板股票上市规则》规定的重大资产重组。本次 交易不会导致公司实际控制人发生变更，不构成重组上市。 二、本次交易的进展情况 根据上海证券交易所相关规定，经向上海证券交易所申请，公司股票（证券 简称：迅捷兴，证券代码：688655）自 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。具体内容详见公司于 2025 年 3 月 27 日在上 海证券交易所网站（www.sse.com.cn）披露的《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》（公告编号：2025-029）。 停牌期间，公司积极组织相关各方推进本次交易的相关工作，并定期发布停 牌进展公告。2025 年 4 月 3 日公司在上海证券交易所网站披露了《关 ...

Core Viewpoint - The company XunJieXing (688655.SH) reported a revenue of 292 million yuan for the first half of the year, a year-on-year increase of 27.66%, but faced a net loss of 2.76 million yuan, contrasting sharply with a profit of 3.98 million yuan in the same period last year, marking it as a notable "laggard" in the booming PCB industry [2][3]. Group 1: Company Performance - XunJieXing's main business is the research, production, and sales of printed circuit boards (PCBs), focusing on small-batch, customized demands rather than large-volume orders [3][4]. - Despite the overall PCB market experiencing significant growth, XunJieXing's unique business model has limited its ability to capture market share, as small-batch and sample boards account for only 15%-20% of the industry [4][5]. - The company’s net loss was primarily attributed to the initial phase of new capacity release from its subsidiary, resulting in a loss of 11.54 million yuan [4]. Group 2: Industry Context - The PCB industry is projected to grow by 6.8% year-on-year in 2023, with the AI/HPC server PCB segment expected to see a compound annual growth rate (CAGR) of 32.5% from 2023 to 2028 [3]. - Competitors such as Shenghong Technology and Pengding Holdings reported significant revenue and profit increases, highlighting XunJieXing's underperformance in comparison [3]. Group 3: Strategic Initiatives - XunJieXing has initiated a three-pronged strategy of expansion, acquisition, and incentive programs to address its challenges [6][8]. - The company is expanding its production capacity with a new smart factory project set to produce 600,000 square meters of PCBs, which is expected to be operational by the end of 2023 [6][7]. - An acquisition of Shenzhen Jiazhihong Electronics Co., which specializes in flexible circuit boards, is planned, potentially doubling XunJieXing's revenue if successful [7][8]. - A stock incentive plan has been introduced to bind the core team to revenue and profit growth targets, aiming for a revenue increase of at least 30% by 2025 [8].

Financial Performance - Company reported a total revenue of 292 million yuan for the first half of 2025, an increase of 27.66% year-on-year, but a net profit loss of 2.77 million yuan, a decline of 169.48% year-on-year [1] - In Q2 2025, revenue was 169 million yuan, up 32.66% year-on-year, while net profit was 2.09 million yuan, down 60.15% year-on-year [1] - Gross margin decreased to 18.57%, down 4.94% year-on-year, and net margin was -0.95%, a drop of 154.42% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 37.35 million yuan, representing 12.78% of revenue, an increase of 17.86% year-on-year [1] Business Model and Strategy - Company relies heavily on capital expenditure for performance, necessitating careful evaluation of capital projects and their financial viability [3] - The company has three production bases, with the Zhuhai base focusing on smart projects and expected to enhance sample production capacity significantly [4][7] - The company aims to provide high-quality, cost-effective PCB services to clients in the robotics sector, leveraging its experience in rapid response and diverse production capabilities [5][6] Market and Growth Potential - The company is positioned to benefit from the growing demand in various sectors, including smart security, automotive electronics, and industrial control [4] - Expected growth drivers include increased capacity from the Xinfeng plant and the launch of the Zhuhai smart sample factory, which is currently in the capacity ramp-up phase [6] - The company is also focusing on high-value products like servers and optical modules, with a strong demand in the industry [9]

Core Viewpoint - The company reported a revenue of 292 million yuan for the first half of 2025, marking a year-on-year increase of 27.66%, but faced a net loss attributable to shareholders of 2.77 million yuan [1] Financial Performance - Revenue for the reporting period was 292 million yuan, reflecting a 27.66% year-on-year growth [1] - The net loss attributable to shareholders was 2.77 million yuan, with a net loss of 4.72 million yuan after excluding non-recurring gains and losses [1] - Basic loss per share was 0.02 yuan [1] Reasons for Performance - The primary reason for revenue growth but profit decline was the launch of the Zhuhai smart model factory, which incurred significant initial costs, leading to a loss of 11.54 million yuan [1] - The implementation of the 2025 restricted stock incentive plan resulted in additional share-based payment expenses of 3.95 million yuan [1] - Increased credit impairment losses on accounts receivable rose by 161.69 thousand yuan, and financial expenses increased by 151.97 thousand yuan [1] Capacity Utilization and Future Outlook - The company's capacity utilization rate has been gradually improving, with a 36.65% quarter-on-quarter revenue growth in the second quarter [1] - As production capacity increases, the company's profitability is expected to improve rapidly [1]

Core Viewpoint - The company reported a revenue of 292 million yuan for the first half of 2025, marking a year-on-year increase of 27.66%, but also recorded a net loss attributable to shareholders of 2.77 million yuan [1] Financial Performance - Revenue for the reporting period was 292 million yuan, reflecting a year-on-year growth of 27.66% [1] - The net loss attributable to shareholders was 2.77 million yuan, with a net loss of 4.72 million yuan after excluding non-recurring gains and losses [1] - Basic loss per share was 0.02 yuan [1] Reasons for Performance - The primary reason for the revenue growth but profit decline was the launch of the new Zhuhai smart model factory, which incurred significant initial costs leading to a loss of 11.54 million yuan [1] - The implementation of the 2025 restricted stock incentive plan resulted in additional share-based payment expenses of 3.95 million yuan [1] - There was an increase in credit impairment losses related to accounts receivable by 1.62 million yuan and a rise in financial expenses by 1.52 million yuan [1] Capacity Utilization and Future Outlook - The company's capacity utilization rate has been gradually improving, with a quarter-on-quarter revenue growth of 36.65% in the second quarter [1] - As production capacity increases, the company's profitability is expected to improve rapidly [1]

Group 1 - The company reported a total operating revenue of 292 million yuan for the first half of 2025, representing a year-on-year increase of 27.66% [1] - The net profit attributable to shareholders of the parent company was -2.77 million yuan, compared to a net profit of 3.98 million yuan in the same period last year [1] - The basic earnings per share were -0.02 yuan [1]

2025年半年度募集资金存放与实际使用情况 的专项报告 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。 证券代码：688655 证券简称：迅捷兴 公告编号：2025-058 深圳市迅捷兴科技股份有限公司 按照中国证监会《上市公司募集资金监管规则》、上海证券交易所颁布的《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》及相关格式指 引的要求，现将公司 2025 年半年度募集资金存放与实际使用情况报告如下： 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 5,337.49 万元，实际募集资金净额为人民币 20,005.52 万元。 该次募集资金到账时间为 2021 ...

证券代码：688655 证券简称：迅捷兴 公告编号：2025-059 深圳市迅捷兴科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 02 日 （星期二） 至 09 月 08 日 （星期一） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zqb@jxpcb.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 深圳市迅捷兴科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 09 日 （星期二） 14:00-15:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者 ...

Financial Performance - The company reported a revenue of 1.2 billion CNY for the first half of 2025, representing a year-over-year increase of 15%[14] - The company has set a revenue guidance of 2.5 billion CNY for the full year 2025, indicating a growth target of 10%[14] - The company's revenue for the first half of the year reached ¥292,338,543.67, representing a 27.66% increase compared to ¥228,989,610.21 in the same period last year[20] - The total profit for the period was a loss of ¥3,569,128.34, a decline of 217.04% from a profit of ¥3,049,611.61 in the previous year[20] - The net profit attributable to shareholders was a loss of ¥2,766,138.37, down 169.48% from a profit of ¥3,981,416.19 in the same period last year[20] - The net cash flow from operating activities decreased by 166.86% to -¥26,347,341.35, compared to ¥39,408,171.87 in the previous year[20] - The gross margin for the first half of 2025 was reported at 35%, a slight increase from 32% in the same period last year[14] User Growth and Market Expansion - User data showed an increase in active users by 20% compared to the previous year, reaching 500,000 active users[14] - Market expansion plans include entering the Southeast Asian market by Q3 2025, targeting a revenue contribution of 200 million CNY from this region[14] - The company has completed the acquisition of a local competitor, which is expected to enhance production capacity by 30%[14] Research and Development - The company is investing 100 million CNY in R&D for new technologies, focusing on flexible PCB solutions[14] - Research and development expenses accounted for 5.68% of revenue, down from 7.68% in the previous year[21] - The company has developed a high-speed board processing capability with a production capacity of 25Gbps for mass production and 56Gbps for small batch production, with ongoing research for 112Gbps products[88] - The company has established several engineering technology research centers to enhance R&D capabilities and drive innovation[89] Product Development and Technology - New product launches included a high-density interconnect (HDI) PCB, which is expected to capture a 25% market share in the next year[14] - The company specializes in the research, production, and sales of printed circuit boards (PCBs), offering a one-stop service from prototype production to mass production, catering to various stages of the product lifecycle[31] - The company provides a diverse range of PCB products, including HDI boards, high-frequency boards, and flexible boards, among others, to meet customer needs[34] - The company has launched nine new projects, including the development of HDI circuit boards for 5G communication applications, to meet market demands[66] Financial Commitments and Shareholder Relations - The board has approved a share buyback program of up to 50 million CNY to enhance shareholder value[14] - The company has not proposed any profit distribution or capital reserve transfer plan for the half-year period, with no dividends or stock bonuses declared[129] - The company has committed to strictly adhere to its dividend policy to ensure shareholder returns[169] Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact production timelines[14] - The company faces risks related to product R&D and technological innovation, particularly in the high-end IC packaging substrate and semiconductor testing board sectors[101] - The company is exposed to risks from raw material price fluctuations, which significantly impact production costs[104] - The company faces risks from currency fluctuations and intense market competition in the PCB industry, which could adversely affect performance[112][113] Environmental and Compliance - The company has established a comprehensive environmental management system to mitigate risks associated with environmental regulations and potential penalties[105] - The company has maintained a strong commitment to environmental responsibility, as evidenced by its participation in environmental information disclosure initiatives[132] Employee and Management Commitments - The company has implemented a stock incentive plan, granting 295.68 million shares at a price of 7.59 yuan per share to 129 eligible participants[130] - The company emphasizes the importance of R&D, with a focus on enhancing its technical innovation capabilities and improving the R&D team structure[128] - The company has stated that it will not provide loans or financial assistance to incentive plan participants for acquiring restricted stock[174] Acquisitions and Strategic Moves - The company signed an agreement to acquire 100% of Jiazhihong on March 26, 2025, to enhance asset quality and profitability, with a focus on expanding flexible circuit board production capacity[69] - The acquisition of Jiazhihong is expected to significantly improve the company's overall competitiveness and profitability, aligning with long-term strategic planning[70]

Group 1 - The core viewpoint of the news is that Xunji Technology experienced a decline in stock price and significant changes in financing activities on August 26, with a net financing outflow of 346.09 million yuan [1] - On August 26, Xunji Technology's stock fell by 2.63%, with a trading volume of 98.93 million yuan, and the total financing and securities balance reached 156 million yuan [1] - The company has a high financing balance, accounting for 4.71% of its market capitalization, which is above the 90th percentile level over the past year [1] Group 2 - As of March 31, the number of shareholders of Xunji Technology increased by 25.48% to 6,462, while the average circulating shares per person decreased by 20.30% to 20,642 shares [2] - For the first quarter of 2025, Xunji Technology reported a revenue of 124 million yuan, representing a year-on-year growth of 21.42%, but the net profit attributable to the parent company was -4.85 million yuan, a decrease of 285.47% year-on-year [2] - Since its A-share listing, Xunji Technology has distributed a total of 30.01 million yuan in dividends, with 20.01 million yuan distributed over the past three years [2]