国泰海通证券股份有限公司关于江苏迈信林航空科技股份有限 公司 2024 年年度报告的信息披露监管问询函的核查意见 上海证券交易所： 根据贵所《关于对江苏迈信林航空科技股份有限公司 2024 年年度报告的信 息披露监管问询函》（上证科创公函【2025】0173 号，以下简称"问询函"）的要 求，国泰海通证券股份有限公司（以下简称"国泰海通"或"持续督导机构"）作为 江苏迈信林航空科技股份有限公司（以下简称"迈信林"或"公司"）的持续督导机 构，对迈信林就问询函相关问题进行了逐项核查，现发表核查意见如下： 问题 1、关于航空航天及民用零部件业务 根据2024年年报，公司航天航空零部件及工装业务营业收入 32,428.2万元， 同比增长 46.98%，销售毛利率同比增加 4.07 个百分点；民用多行业精密零部件 业务营业收入 8,351.19 万元，同比增长 21.57%，销售毛利率同比增长 4.42 个百 分点。分产品看，整体结构件、高精度壳体、专用标准件及组件等产品本期销售 量增长幅度均明显低于营业收入增长幅度。 请公司：（1）结合上述业务前五大客户变动情况、对应收入、收入确认时 点、合同签订时点、合作历史、产 ...

证券代码：688685 证券简称：迈信林 公告编号：2025-028 江苏迈信林航空科技股份有限公司 关于上海证券交易所对公司 2024 年年度报告的 信息披露监管问询函的回复公告 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： 风险提示： 1.公司产品价格调整的风险 军方审价机制已形成常态化管理模式，随着行业政策、市场环境变化，未来 航空主机单位客户可能会对部分产品的采购价格进行调整，如果公司新导入批产 产品未来受到客户采购价格下浮的调整，而公司未能通过精益管理、降本增效方 式做好价格调整对冲，则可能导致公司产品的毛利率下降，公司的业绩可能存在 下滑的风险。 2.新业务开发与市场竞争风险 算力行业未来可能面临行业竞争激烈、整体产能过剩、技术迭代加速、产品 淘汰过快等风险，如出现市场竞争加剧，无法获取稳定的客户资源，后续算力服 务业务发展不及预期等情形，则可能对公司收益产生不利影响。公司存在新业务 拓展不及预期甚至亏损的风险。 3.算力业务业绩波动风险 公司算力租赁业务开展所需的技术种类、人才团队与公司现有 ...

Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by major shareholders of Jiangsu Maxinlin Aviation Technology Co., Ltd, indicating a significant decrease in their holdings and the implications for the company's stock structure [1][2]. Shareholder Holdings Before Reduction - Before the reduction, Yili Su Xin Investment Fund held 4,859,934 shares, accounting for 3.3418% of the total shares, while its action partner, Nanjing Daofeng Investment Management Center, held 78,400 shares, or 0.0539%, totaling 4,938,334 shares, which is 3.3957% of the total shares [1][2][3]. - Yili Su Xin's shares included 3,738,411 shares acquired before the IPO and 1,121,523 shares obtained through the 2023 annual bonus share distribution [1][2]. Implementation Results of the Reduction Plan - During the reduction period, Yili Su Xin and Daofeng Investment collectively reduced their holdings by 1,454,266 shares, which is 1.0000% of the total shares [2][3]. - Post-reduction, Yili Su Xin holds 3,428,736 shares, and Daofeng Investment holds 55,332 shares, totaling 3,484,068 shares, or 2.3958% of the total shares [2][3]. Details of the Reduction - The reduction plan was first disclosed on March 5, 2025, with Yili Su Xin planning to reduce 1,431,198 shares and Daofeng Investment planning to reduce 23,068 shares [3]. - The reduction occurred through centralized bidding, with Yili Su Xin's shares sold at prices ranging from 57.00 to 70.99 CNY per share, totaling approximately 88.02 million CNY [3]. - Daofeng Investment's shares were sold at prices between 57.00 and 68.10 CNY per share, totaling approximately 1.41 million CNY [3]. Current Shareholding Status - After the reduction, Yili Su Xin's current holding is 3,428,736 shares, representing 2.3577% of the total shares, while Daofeng Investment holds 55,332 shares, or 0.0380% [3].

证券代码：688685 证券简称：迈信林 公告编号：2025-027 减持计划实施前，伊犁苏新投资基金合伙企业（有限合伙）（以下简称"伊 犁苏新"）持有江苏迈信林航空科技股份有限公司（以下简称"迈信林"或"公 司"）4,859,934 股，占公司总股本的 3.3418%；其一致行动人南京道丰投资管理 中心（普通合伙）（以下简称"道丰投资"）持有公司 78,400 股，占公司总股本 的 0.0539%，二者合计持有公司 4,938,334 股，占公司总股本的 3.3957%。其中 伊犁苏新持有的公司首发前股份数为 3,738,411 股，通过公司 2023 年年度派送 红股获得的股份数为 1,121,523 股，道丰投资持有的公司首发前股份数为 60,308 股，通过公司 2023 年年度派送红股获得的股份数为 18,092 股，上述股东持有的 公司首发前股份已于 2022 年 5 月 13 日解除限售并上市流通。 减持计划的实施结果情况 2025 年 3 月 5 日，公司披露了《江苏迈信林航空科技股份有限公司股东减持 股份计划公告》（公告编号：2025-005），伊犁苏新、道丰投资合计拟减持 2,908,53 ...

Key Points - The company Jiangsu Maxinlin Aviation Technology Co., Ltd. has announced a cash dividend distribution of 0.157 CNY per share, totaling approximately 22.83 million CNY [1] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 22, 2025 [1] - The total number of shares for the dividend calculation is 145,426,667 [1] Dividend Distribution Details - The cash dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [1] - The actual cash dividend for individual shareholders holding shares for more than one year is exempt from personal income tax, while those holding for less than one year will have tax withheld upon transfer [2] - For Qualified Foreign Institutional Investors (QFII), a 10% corporate income tax will be withheld, resulting in a net dividend of 0.1413 CNY per share [3] - Other institutional investors and corporate shareholders will be responsible for their own tax declarations, with the actual cash dividend being 0.157 CNY per share [5]

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。 证券代码：688685 证券简称：迈信林 公告编号：2025-026 江苏迈信林航空科技股份有限公司 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/26 | 2025/6/27 | 2025/6/27 | | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/26 | 2025/6/27 | 2025/6/27 | 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 22 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本145,426,667股为基数，每股派发现 是否涉及差 ...

Geopolitical Developments - Iran's Islamic Revolutionary Guard Corps announced the use of the "Mudstone" missile against Israel, marking the 13th phase of the "Real Commitment 3" operation [2] - Iranian Supreme Leader Khamenei declared that the conflict with Israel has entered a new phase, stating "the great war has begun" [3] - U.S. President Trump commented on the situation, expressing support for Israeli Prime Minister Netanyahu to continue actions against Iran [3][17] U.S. Policy Changes - The U.S. government has resumed processing foreign student visas, requiring applicants to make their social media accounts public for scrutiny [4] - The Federal Reserve maintained the federal funds rate at 4.25%-4.50%, with expectations of two rate cuts this year, while raising inflation forecasts [6] Financial Sector Developments - The Central Financial Committee of China issued opinions to accelerate the construction of Shanghai as an international financial center, aiming for significant improvements in financial system adaptability and competitiveness over the next five to ten years [7] - The People's Bank of China announced eight major financial policies, including the establishment of a digital RMB international operation center and a personal credit institution [9] Market Reactions - On June 18, institutional investors showed varied activity, with 14 stocks experiencing net buying and 20 stocks facing net selling, highlighting market dynamics [23][24] E-commerce Trends - Reports indicated that some products on e-commerce platforms saw price increases instead of decreases during the promotional period, affecting various categories including clothing and electronics [27]

这几只票暗盘资金正在偷偷流入，立即查看>> 影石创新今日涨停，成交额19.97亿元，换手率34.09%，盘后龙虎榜数据显示，1家机构专用席位净买入 4430.70万元，二机构专用席位净卖出1.40亿元。 ...

Core Insights - The next "battlefield" for artificial intelligence (AI) is in terminal applications, with a significant trend towards AI integration in devices like smartphones, smart glasses, and smart home systems by 2025 [1][2] - Shenzhen is positioned as a global leader in electronic information and hardware manufacturing, providing a solid foundation for AI terminal product production [1][3] - The Bao'an district in Shenzhen is actively pursuing the "AI + terminal" strategy to capture the high ground in the AI terminal industry, aiming for substantial growth in AI technology applications [1][4] Industry Growth and Projections - The AI terminal industry is expected to experience a "tsunami-like" growth, with IDC predicting a 20% increase in shipments of AI smartphones, tablets, and computers in China by 2025, and a staggering 99% increase in smart glasses and wearable devices [3] - Shenzhen's action plan aims for the AI terminal industry to reach over 800 billion yuan by 2026, with a target of 1 trillion yuan and the production of over 150 million AI terminal products [3] Bao'an District's Industrial Strength - Bao'an's smart terminal industry cluster is projected to achieve an added value of 24.36 billion yuan in 2024, reflecting an 8.4% year-on-year growth, with 601 enterprises in the cluster [4] - The district is home to notable companies like YingShi Innovation and Zhaowei Machinery, covering various AI terminal fields [4][5] Supply Chain and Innovation - Shenzhen's supply chain advantages, particularly in PCB (printed circuit board) manufacturing, are crucial for the hardware innovation needed for AI terminals [5] - Leading PCB manufacturers in Bao'an are benefiting from the AI terminal innovation cycle, with Pengding Holdings expected to achieve a revenue of 35.14 billion yuan in 2024, a 9.59% increase [5][6] Capital Market Engagement - Two Bao'an companies, YingShi Innovation and SwitchBot, have recently gained attention in the capital market, showcasing the integration of AI technology in their products [6][7] Ecosystem Development - The Greater Bay Area's AI companies excel in their ability to implement AI in real-world scenarios, supported by a robust manufacturing base in Bao'an [8] - Bao'an's industrial ecosystem is characterized by a diverse range of manufacturing enterprises, with over 5,601 large-scale industrial companies, accounting for nearly 40% of Shenzhen's total [8][9] Policy and Market Synergy - Bao'an is focusing on enhancing its industrial chain and supporting AI transformation in key sectors, including e-commerce and logistics, to strengthen its competitive edge [9] - The district is implementing action plans to foster the development of the smart terminal industry, including establishing public service platforms and creating demonstration projects in smart home and health sectors [9]

Core Viewpoint - The company, Maxinlin (688685.SH), is experiencing steady growth and has signed contracts worth 1.184 billion yuan for high-performance server clusters, which are expected to positively impact its future performance [1]. Group 1: Business Developments - Maxinlin's subsidiaries, Ruiying Zhican and Ruixin Intelligent, signed four contracts with Beijing Construction and Beijing Jingyi, totaling 1.184 billion yuan for providing high-performance server clusters [1]. - The contracts are part of the company's regular business operations and are not related-party transactions, indicating a focus on expanding its service offerings in the computing power sector [1]. Group 2: Financial Performance - In 2024, the company's revenue from computing power services was 65.73 million yuan, accounting for 13.79% of total revenue, contributing to a significant overall revenue increase of 62.35% year-on-year, reaching 477 million yuan [2]. - The net profit attributable to shareholders for 2024 was 45.54 million yuan, marking a substantial year-on-year growth of 198.73% [2]. - In Q1 2025, the company continued its growth trajectory with a revenue increase of 168.82% year-on-year to 188 million yuan and a net profit increase of 407.62% to 40.5 million yuan [2]. Group 3: Research and Development - The company has been increasing its R&D investment, with expenditures of 20.51 million yuan, 25.29 million yuan, and 30.12 million yuan from 2022 to 2024, totaling 75.92 million yuan [3]. - In Q1 2025, R&D expenses reached 9.377 million yuan, reflecting a year-on-year growth of 70.09% [3]. - As of the end of 2024, the company held 12 core technologies in the aerospace sector, with 11 developed in-house [2]. Group 4: Market Performance - The company's total assets reached 2.963 billion yuan by the end of Q1 2025, an increase of 789 million yuan from the end of 2024 [3]. - Since the beginning of 2025, Maxinlin's stock price has shown a volatile upward trend, closing at 61.08 yuan per share on June 9, 2025, which is an increase of over 84% from the closing price of 33.19 yuan on December 31, 2024 [3].