Core Viewpoint - Shenzhen Huaqiang Group has completed the release of guarantees and trust registration related to its non-public issuance of exchangeable bonds, indicating a significant step in its financial management and capital structure [1][2]. Group 1 - On June 16, 2023, Huaqiang Group issued the first phase of exchangeable bonds (code "117207") and placed 56,707,320 shares as collateral in a dedicated account for bondholders [1]. - As of July 8, 2025, Huaqiang Group has transferred back 56,707,320 shares to its own securities account after completing the release of guarantees and trust registration [2]. - The total number of shares released from guarantee and trust registration from June 8, 2023, to July 8, 2025, was 31,707,320 shares, representing 4.36% of the shares held by Huaqiang Group and 3.03% of the total share capital [2]. Group 2 - As of the announcement date, Huaqiang Group holds 727,888,840 shares, all of which are unrestricted circulating shares, accounting for 69.59% of the total share capital [2]. - Prior to the release of guarantees and trust registration, Huaqiang Group had registered a total of 275,843,689 shares under guarantee and trust, which decreased to 219,136,369 shares after the release, representing 30.11% of its total holdings and 20.95% of the total share capital [2].

证券代码：000062 证券简称：深圳华强 编号：2025—042 关于控股股东 2023 年面向专业投资者非公开发行可交换公司债券 （第一期）解除担保及信托登记的公告 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。 深圳华强实业股份有限公司 深圳华强实业股份有限公司（以下简称"公司"）控股股东深圳华强集团有 限公司（以下简称"华强集团"或"控股股东"）于 2023 年 6 月 16 日发行了"深 圳华强集团有限公司 2023 年面向专业投资者非公开发行可交换公司债券（第一 期）"（以下简称"本期债券"），债券简称为"23 华强 E1"，债券代码为"117207"。 华强集团将其持有的公司无限售条件的流通股 56,707,320 股股份存放于"华强 集团-中信建投证券-23 华强 E1 担保及信托财产专户"，由债券受托管理人作为 名义持有人，用于为债券持有人交换股份和债券本息偿付提供担保。华强集团已 于 2025 年 6 月 16 日完成本期债券的本息兑付及摘牌工作。具体详见公司于 2023 年 6 月 9 日、2023 年 6 月 17 日、2024 年 3 ...

Group 1: Price Trends of Electronic Components - The prices of electronic components experienced a downward trend in 2023 and 2024, with most prices currently at a bottom level [1] - Intense price competition has accelerated the reshuffling of the upstream chip design industry and the clearing of excess capacity [1] - There is potential for quality manufacturers to raise prices, but the timing and widespread trend remain to be observed [1] Group 2: Collaboration with Key Partners - The company is a major authorized distributor for HiSilicon, promoting various IC products and significantly increasing revenue from HiSilicon product lines in 2024 and Q1 of this year [1] - The company has received the "Gold Component Partner" certification from Huawei Ascend, aiming to leverage its distribution strength and application development capabilities for Ascend AI applications, particularly in industrial inspection, intelligent color selection, autonomous mobile robots (AMR), and low-altitude aircraft [2]

Core Viewpoint - The Shenzhen Market Supervision Administration has issued a notice prohibiting the sale of power banks without 3C certification in the Huaqiangbei market, prompting vendors to ensure compliance with regulations [1] Group 1 - The notice from the Shenzhen Market Supervision Administration specifically targets the sale of non-3C certified power banks in Huaqiangbei, the largest electronic trading market in Shenzhen [1] - Vendors in Huaqiangbei have begun to clearly label their power banks as 3C certified, indicating a shift towards compliance with the new regulations [1] - Some vendors reported that there have been penalties imposed on those selling non-compliant power banks, leading to a proactive inventory clearance of such products [1]

Group 1 - The "power bank recall" incident has raised widespread attention, making 3C certification a key indicator for consumers to assess the quality of power banks [1] - Domestic airports have strengthened the inspection of power banks with 3C labels, indicating increased regulatory scrutiny in the market [1] - During a market visit in Shenzhen, it was found that both 3C certified and non-certified power banks are circulating, with certified products generally having higher production costs leading to slightly higher prices [1] Group 2 - Despite the higher costs, the price difference between certified and non-certified power banks remains in single digits, suggesting limited impact on consumer purchasing behavior [1] - Currently, there has not been a significant fluctuation in the overall prices of power banks, and some non-certified products still have overseas sales channels [1] - As market regulation tightens and consumer safety awareness increases, 3C certified products are expected to become the mainstream choice in the domestic market [1]

Group 1: Price Trends and Market Dynamics - The prices of electronic components have experienced a downward trend for two consecutive years (2023 and 2024), with most prices now at a bottom level. The intense price competition has accelerated the reshuffling of the upstream chip design industry and the clearing of excess capacity [1] - There is potential for quality manufacturers in the industry to raise prices, but the timing and ability to form a widespread trend remain to be observed [1] Group 2: Partnerships and Collaborations - The company is a major authorized distributor for HiSilicon, actively promoting its various IC products. Revenue from HiSilicon's product line has seen significant growth in 2024 and the first quarter of this year [1] - The company has been awarded the "Gold Component Partner" status by Ascend, and plans to leverage its distribution strength and application development capabilities to promote Ascend AI applications, particularly in industrial inspection, intelligent color sorting, autonomous mobile robots (AMR), and low-altitude aircraft [2] Group 3: Technological Innovation and Market Demand - The current wave of technological innovation is driven by AI, with related fields such as data centers and optical modules benefiting directly. The company is experiencing strong customer development and increasing demand in these areas [2] Group 4: Mergers and Acquisitions Strategy - The company has extensive experience in mergers and acquisitions within the electronic component distribution sector, establishing itself as a leader in China's local market. It plans to continue exploring acquisition projects, particularly focusing on high-quality overseas targets to enhance its business layout [2]

Market Overview - The Shanghai Composite Index fell by 0.70% on June 27, with 18 out of the 28 sectors rising, led by the non-ferrous metals and communication sectors, which increased by 2.17% and 1.79% respectively [1] - The electronic sector also saw a rise of 0.92% [1] - The banking and public utilities sectors experienced the largest declines, with drops of 2.95% and 1.01% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets was 19.41 billion yuan, with 8 sectors experiencing net inflows [1] - The communication sector had the highest net inflow of capital, totaling 2.579 billion yuan, while the electronic sector followed with a net inflow of 2.435 billion yuan [1] - The computer sector faced the largest net outflow, amounting to 6.630 billion yuan, followed by the defense and military industry with a net outflow of 2.891 billion yuan [1] Electronic Sector Performance - The electronic sector had 463 stocks, with 335 stocks rising and 122 stocks declining; 9 stocks hit the daily limit up [2] - Among the stocks with net inflows, 15 stocks saw inflows exceeding 100 million yuan, with Huada Technology leading at 670 million yuan [2] - The stocks with the largest net outflows included Helitai, Han's Laser, and *ST Huami, with outflows of 540 million yuan, 507 million yuan, and 208 million yuan respectively [2][3] Top Gainers in Electronic Sector - The top gainers in the electronic sector included: - Huada Technology: +10.06%, 67.302 million yuan net inflow - Shenzhen Huachuang: +10.00%, 66.097 million yuan net inflow - Fangzheng Technology: +6.68%, 35.687 million yuan net inflow [2] Top Losers in Electronic Sector - The top losers in the electronic sector included: - Helitai: -3.86%, -54.090 million yuan net outflow - Han's Laser: -4.10%, -50.656 million yuan net outflow - *ST Huami: -4.85%, -20.838 million yuan net outflow [3]

Group 1 - Huawei HiSilicon concept stocks surged, with Shenzhen Huaqiang (000062) hitting the daily limit [1] - Jinsai Technology rose over 9%, indicating strong market interest [1] - Other companies such as Huatian Technology (002185), Liyuan Information (300184), and Huina Technology (300609) also experienced gains [1]

Core Viewpoint - Shenzhen Huaqiang is leveraging its established electronic components trading service platform to engage in CVC (Corporate Venture Capital) investments, linking the upstream and downstream of the electronic industry chain [1][3]. Group 1: Company Overview - Shenzhen Huaqiang was founded in 1994 and listed on the Shenzhen Stock Exchange in January 1997, focusing on the electronic components industry [3]. - The company has developed into the largest comprehensive electronic components trading and service platform in China [3]. Group 2: Business Development - Since its strategic transformation in 2015, Shenzhen Huaqiang has achieved a tenfold revenue growth over seven years [3]. - The company's competitive advantage lies in its complete business layout in electronic components trading and services, covering core scenarios and major links, and aggregating numerous domestic and international resources [3]. Group 3: Financial Performance - In the first quarter of 2025, Shenzhen Huaqiang reported revenue of 5.229 billion yuan, a year-on-year increase of 17.24%, and a net profit attributable to shareholders of 106 million yuan, up 83.91% year-on-year [3]. - As of June 23, the company's stock price was 24.08 yuan per share, with a total market capitalization of approximately 25.185 billion yuan [3]. Group 4: Investment Strategy - The company has made small equity investments in several promising semiconductor IDM (Integrated Device Manufacturer) or design companies through CVC, including startups and long-term partners with factories overseas [3]. - Shenzhen Huaqiang is also exploring investments in downstream sectors with high technical barriers [3].

Group 1: Business Overview - The electronic components distribution business serves as a crucial link between upstream manufacturers and downstream product manufacturers, facilitating over 50% of global electronic components through authorized distribution channels [1] - The company provides valuable and reliable services to upstream manufacturers and customers, helping to align product positioning with market demand and reducing product development cycles [1][2] Group 2: Market Performance - "Huaqiangbei" is recognized as "China's Electronics First Street," with increasing foot traffic driven by consumer demand for product quality and the "Belt and Road" initiative [2] - The operational performance of "Huaqiang Electronic World" has improved, attracting numerous domestic and international customers, with a full occupancy rate in the "Trendy Electronics Zone" [2] Group 3: Investment Strategy - Since 2019, the company has engaged in Corporate Venture Capital (CVC) investments to build an industrial ecosystem and enhance its industry influence [3] - The CVC strategy includes minority investments in promising semiconductor IDM or design companies, aiming to foster long-term partnerships and enhance the competitiveness of the company's trading service platform [4]