证券代码：000037、200037； 证券简称：深南电 A、深南电 B； 公告编号：2025-040 深圳南山热电股份有限公司 该议案已经公司第十届董事会薪酬与考核委员会第四次会议以同意 3 票，反对 0 票，弃权 0 票审议通过。 该议案中的 2024 年度董事长及监事会主席的薪酬方案尚需提交公司 股东会审议。2024 年度公司董事长薪酬为 98.70 万元（含税），监事会 主席薪酬为 90.42 万元（含税）。 该议案关联董事孔国梁先生、陈玉辉先生、陈晔东先生回避表决。 该议案获同意 5 票，反对 0 票，弃权 0 票。 1 第十届董事会第九次临时会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳南山热电股份有限公司（以下简称"公司"）第十届董事会第九 次临时会议于 2025 年 9 月 28 日上午 9:30 时以通讯表决的方式召开，会 议通知及文件已于 2025 年 9 月 23 日以书面和邮件方式送达全体董事。会 议由孔国梁董事长召集并主持表决。会议应参与表决董事 5 人，实际参与 表决董事 5 人。参与会议 ...

Group 1 - The core viewpoint of the news is that ShenNan Circuit experienced a stock price increase of 5.05%, reaching 216.98 CNY per share, with a trading volume of 1.115 billion CNY and a turnover rate of 0.80%, resulting in a total market capitalization of 144.669 billion CNY [1] - ShenNan Circuit Co., Ltd. is located in Longgang District, Shenzhen, Guangdong Province, and was established on July 3, 1984. The company was listed on December 13, 2017, and its main business involves the research, development, production, and sales of printed circuit boards [1] - The revenue composition of ShenNan Circuit includes printed circuit boards at 60.01%, packaging substrates at 16.64%, electronic assembly at 14.14%, other supplementary products at 5.80%, and other products at 3.40% [1] Group 2 - From the perspective of fund holdings, Penghua Fund has one fund heavily invested in ShenNan Circuit. The Penghua Zenghua Mixed A Fund (015026) held 41,000 shares in the second quarter, accounting for 4.65% of the fund's net value, ranking as the ninth largest holding [2] - The Penghua Zenghua Mixed A Fund (015026) was established on August 16, 2022, with a latest scale of 89.5366 million CNY. Year-to-date returns are 26.27%, ranking 3539 out of 8244 in its category, while the one-year return is 38.85%, ranking 3414 out of 8080 [2] - The fund manager of Penghua Zenghua Mixed A is Zhao Huarong, who has been in the position for 285 days, with the fund's total asset scale at 1.395 billion CNY. The best return during Zhao's tenure is 27.97%, while the worst return is 22.29% [2]

根据调研日期截止日统计，近10日（9月15日至9月26日），海外机构对57家上市公司进行调研，其中， 深南电路最受关注，被29家海外机构密集调研。 证券时报·数据宝统计显示，近10日共有421家公司获机构调研，调研机构类型显示，证券公司调研达 361家，占比最多；基金公司调研276家，位列其后；海外机构共对57家上市公司进行走访。 000718 苏宁环球 1 2.59 -21.75 房地产 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 海外机构调研榜单中，深南电路参与调研的海外机构达到29家，最受关注；其次是中控技术，参与调研 的海外机构共有20家。 从股价表现看，获海外机构调研股近10日平均上涨3.11%。其中，股价上涨的有德明利、精智达等，表 现最好的是德明利，累计涨幅为56.95%。股价下跌的有25只，跌幅最大的是苏宁环球，累计跌幅为 21.75%。（数据宝） 近10日海外机构调研股 | 证券代码 | 证券简称 | 海外机构家数 | 最新收盘价（元） | 其间涨跌幅（%） | 行业 | | --- | --- | --- | --- | --- | --- | ...

Core Points - Shenzhen Nanshan Thermal Power Co., Ltd. has completed the business change registration and articles of association filing as of September 23, 2025 [1] - The company held meetings on August 20 and September 10, 2025, where it approved changes to its business scope and revised its articles of association [1] - The revisions include new sections on "controlling shareholders and actual controllers," "independent directors," and "special committees of the board," while removing sections related to "supervisors" and "supervisory board" [1] - The company has completed the necessary filings with the Shenzhen Market Supervision Administration, which will impact its future business development [1] Company Changes - The company has changed its business objectives and scope as part of the recent revisions [1] - The updated articles of association reflect compliance with relevant laws and regulations [1] - The completion of the registration and filing process is significant for investors to monitor [1]

证券代码：000037、200037； 证券简称：深南电 A、深南电 B； 公告编号：2025-039 深圳南山热电股份有限公司 关于完成工商变更登记及章程备案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、基本情况 2 近日，公司已在深圳市市场监督管理局完成相关的工商变更登记及公 司《章程》备案工作。 二、备查文件 1. 深圳市市场监督管理局《登记通知书》。 1 特此公告 深圳南山热电股份有限公司董事会 2025 年 9 月 23 日 深圳南山热电股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日、2025 年 9 月 10 日分别召开第十届董事会第四次会议、第十届监事会 第四次会议及 2025 年第一次临时股东大会，审议通过了《关于变更经营 范围并修订公司〈章程〉的议案》，同意公司变更经营宗旨及经营范围， 同步修订《深圳南山热电股份有限公司章程》（以下简称"公司《章程》"） 相应条款；同时根据《中华人民共和国公司法》、中国证券监督管理委员 会《关于新〈公司法〉配套制度规则实施相关过渡期安排》《上市公司章 程指引》等有关法律、法规 ...

Core Viewpoint - ShenNan Circuit has shown significant stock performance with a year-to-date increase of 130.91%, indicating strong market interest and potential growth in the electronic components sector [1][2]. Financial Performance - For the first half of 2025, ShenNan Circuit achieved a revenue of 10.453 billion yuan, representing a year-on-year growth of 25.63% [2]. - The net profit attributable to shareholders for the same period was 1.360 billion yuan, reflecting a year-on-year increase of 37.75% [2]. Stock Market Activity - As of September 23, ShenNan Circuit's stock price was 219.36 yuan per share, with a market capitalization of 146.256 billion yuan [1]. - The stock has experienced a trading volume of 4.42 billion yuan and a turnover rate of 0.30% on the same day [1]. - The stock has seen a net inflow of 23.0755 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 9.48% to 53,200, while the average number of circulating shares per person increased by 43.62% to 12,502 shares [2][3]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 14.2369 million shares, an increase of 4.1809 million shares from the previous period [3]. Dividend Distribution - ShenNan Circuit has distributed a total of 3.441 billion yuan in dividends since its A-share listing, with 1.744 billion yuan distributed in the last three years [3]. Business Overview - ShenNan Circuit specializes in the research, production, and sales of printed circuit boards, with its main business revenue composition being 60.01% from printed circuit boards, 16.64% from packaging substrates, and 14.14% from electronic assembly [1]. - The company is categorized under the electronic components industry, specifically in printed circuit boards, and is associated with concepts such as new infrastructure, 5G, and major tech companies like Apple and Samsung [1].

Core Insights - The company conducted a specific institutional research meeting with 40 institutions, discussing various business developments and financial performance for the first half of 2025 [1] Group 1: PCB Business Performance - The PCB business saw revenue growth driven by demand for AI accelerator cards and increased market share in data centers, with significant contributions from 400G and above high-speed switches and optical modules [1][2] - The gross margin for the PCB segment improved due to increased revenue scale, high capacity utilization, and optimized product structure [1][2] Group 2: Packaging Substrate Business - The packaging substrate business generated a main revenue of 1.74 billion yuan, a year-on-year increase of 9.03%, but the gross margin decreased by 10.31 percentage points to 15.15% due to rising costs from raw materials and capacity ramp-up challenges [1] - The revenue growth in this segment was attributed to capturing opportunities in the domestic storage market [1] Group 3: Capacity Utilization and Expansion Plans - The overall capacity utilization for the PCB business is at a relatively high level due to increased demand in computing and automotive electronics [3] - New capacity is being added through technological upgrades at existing factories and the construction of new facilities in Nantong and Thailand, with the Nantong Phase IV project expected to be operational in Q4 2023 [3] Group 4: Guangzhou Packaging Substrate Project - The Guangzhou packaging substrate project is progressing with its first phase expected to be operational in Q4 2023, currently in the ramp-up stage with some bulk orders being fulfilled [4] Group 5: HDI Technology Application - The company possesses HDI technology capabilities, which enable high-density wiring for PCB products, particularly in mid-to-high-end applications within the communication sector [5] Group 6: Electronic Assembly Business Strategy - The electronic assembly business is positioned as a downstream segment of PCB manufacturing, focusing on communication and leveraging a one-stop platform to enhance customer value and loyalty [6]

Core Viewpoint - The stock of Shenzhen Nanshan Thermal Power Co., Ltd. (深南电A) has experienced fluctuations, with a recent decline in share price and mixed financial performance indicators [1][2]. Group 1: Stock Performance - As of September 18, 深南电A's stock price decreased by 2.02% to 8.71 CNY per share, with a total market capitalization of 5.25 billion CNY [1]. - Year-to-date, the stock has increased by 9.42%, but has seen a decline of 1.58% over the last five trading days and 7.54% over the last twenty days [1]. - The stock has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the last appearance on July 7 [1]. Group 2: Financial Performance - For the first half of 2025, 深南电A reported operating revenue of 166 million CNY, a year-on-year decrease of 11.45% [2]. - The company recorded a net profit attributable to shareholders of -21.74 million CNY, which represents a year-on-year increase of 42.57% [2]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for 深南电A increased to 43,900, reflecting an 8.57% rise [2]. - The company has cumulatively distributed 1.37 billion CNY in dividends since its listing, with no dividends paid in the last three years [3]. - Major shareholders include 招商证券 (Hong Kong) Co., Ltd. and BOCI SECURITIES LIMITED, with slight changes in their holdings [3].

Core Viewpoint - Deep South Circuit achieved a net profit attributable to shareholders of 1.36 billion yuan in the first half of 2025, representing a year-on-year increase of 37.75% [1] - The company has established itself as a leading player in the PCB industry in China and a pioneer in the packaging substrate sector [1] Financial Performance - In Q2, the net profit attributable to shareholders reached 869 million yuan, showing a year-on-year growth of 42.92% and a quarter-on-quarter increase of 76.74% [1] Industry Outlook - The company benefits from increased demand in the communication sector due to the growth of high-speed switches and optical module products, with a rising proportion of wired communication products [1] - There is a significant year-on-year increase in orders in the data center sector, driven by the demand for AI accelerator cards and the Eagle Stream platform products [1] Product Development - In the packaging substrate sector, the company is steadily advancing the development of storage-related products, with ongoing projects for FC-BGA substrate capacity building, FC-CSP fine line substrates, and RF radio frequency substrate technology improvements [1]

Group 1 - The company has established PCB factories in Shenzhen, Wuxi, Nantong, and Thailand, with new capacity coming from technology upgrades and ongoing projects [2] - The Nantong Phase IV project, which started construction in September last year, aims to produce advanced PCBs for smart mobile terminals, AI vision, and spatial computing modules, creating a leading digital factory [2] - The total investment for the Thailand factory is 1.274 billion RMB, which will enhance the company's capabilities in high-layer and HDI PCB technologies, facilitating overseas market expansion [2] Group 2 - In the first half of the year, the company achieved total revenue of 10.453 billion RMB, a year-on-year increase of 25.63%, and a net profit of 1.36 billion RMB, up 37.75% [3] - The PCB business generated a main operating revenue of 6.274 billion RMB, reflecting a year-on-year growth of 29.21%, while the packaging substrate business reported 1.74 billion RMB, a 9.03% increase [3]