Core Insights - The article highlights a trend of decreasing shareholder accounts among 622 companies, indicating a concentration of shares among fewer investors [1][2] - Notable companies with significant declines in shareholder accounts include Unisoc Microelectronics and ZTE Corporation, with decreases of 27.88% and 16.17% respectively [1][3] - The performance of stocks with declining shareholder accounts shows mixed results, with 60 stocks increasing in price while 35 decreased, indicating potential investment opportunities [2][3] Shareholder Account Trends - A total of 622 companies reported their latest shareholder account numbers as of August 20, with 95 companies experiencing a decline for three consecutive periods or more [1] - Unisoc Microelectronics has the highest decline, with 154,193 accounts, down 27.88% over 13 periods [1][4] - ZTE Corporation has 455,100 accounts, down 16.17% over 12 periods [1][4] Stock Performance - Among the stocks with declining shareholder accounts, 60 have seen price increases, with notable gains from Yidong Electronics (52.12%), ST Jinglun (41.95%), and Chuangyitong (41.87%) [2][3] - 32 stocks outperformed the Shanghai Composite Index, with Yidong Electronics achieving a relative return of 43.84% [2][3] Industry Analysis - The industries with the highest concentration of stocks experiencing declining shareholder accounts include basic chemicals, machinery equipment, and electronics, with 13, 11, and 8 stocks respectively [2] - The main board has 62 stocks with declining accounts, while the ChiNext board has 31, and the Sci-Tech Innovation board has 2 [2] Institutional Activity - In the past month, four stocks with declining shareholder accounts have been frequently researched by institutions, with Unisoc Microelectronics receiving attention from 124 institutions [2][3] - Other companies with notable institutional interest include Fujilai and Jieya Co., with 24 and 17 institutions respectively participating in their research [2][3] Financial Performance - Among the 55 companies that have reported their semi-annual results, Fujilai shows the highest net profit growth at 12,430.96% year-on-year [3] - Yalian Machinery and Donghua Technology reported net profit increases of 20.57% and 14.64% respectively [3] - A total of 14 companies have issued performance forecasts, with Northeast Securities expected to have a net profit of 431 million yuan, reflecting a year-on-year increase of 225.90% [3]

Core Viewpoint - The continuous decline in the number of shareholders for many companies indicates a trend of increasing concentration of shares, with 582 companies reporting shareholder numbers as of August 20, and 92 companies experiencing a decline for more than three consecutive periods [1][2]. Shareholder Trends - 92 companies have seen their shareholder numbers decrease for more than three consecutive periods, with the most significant decline being 13 periods for Unisoc Microelectronics, which has seen a cumulative decrease of 27.88% in shareholder numbers [1]. - ZTE Corporation has experienced a decline for 12 periods, with a current shareholder count of 455,100 and a cumulative decrease of 16.17% [1]. - Other companies with notable declines include Tianhe Co., Huaping Co., and ST Huawen, among others [1]. Market Performance - Among the companies with declining shareholder numbers, 65 have seen their stock prices rise, while 25 have experienced declines. Notable gainers include Yidong Electronics, ST Jinglun, and Chuangyitong, with increases of 62.20%, 49.44%, and 39.79%, respectively [2]. - 27 companies, accounting for 29.35%, outperformed the Shanghai Composite Index during this period, with Yidong Electronics, ST Jinglun, and Chuangyitong achieving relative returns of 51.98%, 35.01%, and 27.48% compared to the index [2]. Industry Distribution - The industries with the highest concentration of companies experiencing declining shareholder numbers include basic chemicals, machinery equipment, and electronics, with 13, 10, and 8 companies, respectively [2]. - The distribution of these companies shows that 60 are listed on the main board, 30 on the ChiNext board, and 2 on the Sci-Tech Innovation board [2]. Institutional Activity - In the past month, 4 companies with declining shareholder numbers have been investigated by institutions, with Jieya Co. being the most frequently researched, receiving 2 inquiries [2]. - The companies with the highest number of institutional inquiries include Unisoc Microelectronics, Fujilai, and Jieya Co., with 124, 24, and 17 institutions participating in their research, respectively [2]. Financial Performance - 39 companies have reported their semi-annual results, with Fujilai showing the highest year-on-year net profit growth of 12,430.96% [3]. - Among the companies that have released their interim performance forecasts, Yalian Machinery and Donghua Technology reported net profit growth rates of 20.57% and 14.64%, respectively [3]. - 18 companies have issued performance forecasts, with 4 expecting an increase and 3 predicting profitability [3].

Core Viewpoint - Jiangsu Allfavor Intelligent Technology Co., Ltd. plans to issue convertible bonds to raise funds not exceeding 490 million yuan, with Northeast Securities acting as the sponsor for the listing on the Shenzhen Stock Exchange [1][2]. Company Overview - Jiangsu Allfavor Intelligent Technology Co., Ltd. was established on August 23, 2006, and listed on August 5, 2021, with a registered capital of 77.2983 million yuan [1]. - The company specializes in the research, production, and sales of printed circuit boards (PCBs), focusing on small batch production and has accumulated extensive industry experience and technical expertise [2][3]. Main Business and Products - The company offers a diverse range of PCB products, including high-frequency and high-speed boards, flexible boards, rigid-flex boards, HDI boards, and ceramic substrates, targeting mid-to-high-end applications in communication equipment, automotive electronics, and renewable energy [3][4]. - The product categories include double-sided boards, multilayer boards, rigid boards, flexible boards, metal substrates, thick copper boards, and HDI boards, each designed for specific applications and performance requirements [4][5]. Core Technologies and R&D Level - The company has developed several core technologies, including optical module PCB processing, pulse electroplating technology, and PTFE material processing technology, enhancing its competitive edge in the communication sector and high-frequency applications [6][7][8]. - R&D investment has been significant, with R&D expenses amounting to 30.864 million yuan in 2024, representing a research expense ratio of 5.18% [11]. Financial Data and Indicators - The company reported total assets of approximately 1.353 billion yuan and total liabilities of about 350 million yuan as of March 31, 2025 [13]. - The operating income for the first quarter of 2025 was approximately 170.49 million yuan, with a net profit of about 10.13 million yuan [14]. - Key financial ratios include a current ratio of 2.20 and a quick ratio of 1.85, indicating a strong liquidity position [14][15].

东北证券股份有限公司 关于 江苏本川智能电路科技股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 （住所：长春市生态大街 6666 号） 二〇二五年八月 本保荐人及指定的保荐代表人根据《公司法》《证券法》《证券发行上市保 荐业务管理办法》《注册管理办法》《发行证券的公司信息披露内容与格式准则 第 27 号——发行保荐书和发行保荐工作报告》等法律法规和中国证券监督管理 委员会及深圳证券交易所的有关规定，保荐人及其保荐代表人诚实守信，勤勉尽 责，严格按照依法制定的业务规则、行业执业规范和道德准则出具本发行保荐书， 并保证本发行保荐书的真实性、准确性和完整性。 除非特别注明，本发行保荐书中如无特别说明，相关用语具有与《江苏本川 智能电路科技股份有限公司向不特定对象发行可转换公司债券募集说明书》中相 同的含义。 本发行保荐书中部分合计数与各加数直接相加之和在尾数上有差异，或部分 比例指标与相关数值直接计算的结果在尾数上有差异，系四舍五入造成。 目 录 四、本次发行符合《注册管理办法》向不特定对象发行可转债的一般规定 .. 26 五、本次发行符合《注册管理办法》向不特定对象发行可转债的特殊规定 .. 30 ...

Group 1 - The core point of the announcement is that Northeast Securities Co., Ltd. has received approval from the China Securities Regulatory Commission to publicly issue short-term corporate bonds for professional investors, with a total issuance scale of up to RMB 15 billion [1][2] - The bond issuance will have a face value balance not exceeding RMB 50 billion, indicating a significant capacity for future financing [1] - The final coupon rate for the bonds has been set at 1.77%, following an inquiry process with professional institutional investors, where the rate range was between 1.50% and 1.77% [1][2] Group 2 - The bonds will be issued on August 26-27, 2025, specifically targeting professional institutional investors through an offline issuance method [2] - Detailed subscription methods will be published on the Shenzhen Stock Exchange and other financial information platforms prior to the issuance date [2]

关于延长东北证券股份有限公司 2025 年面向专业投资者公 （本页无正文，为《关于延长东北证券股份有限公司 2025 年面向专业投资者公 开发行短期公司债券（第六期）簿记建档时间的公告》之盖章页） 发行人：东北证券股份有限公司 年 月 日 （本页无正文，为《关于延长东北证券股份有限公司 2025 年面向专业投资者公 开发行短期公司债券（第六期）簿记建档时间的公告》之盖章页） 主承销商：长城证券股份有限公司 年 月 日 开发行短期公司债券（第六期）簿记建档时间的公告 东北证券股份有限公司（以下简称"发行人"）面向专业投资者公开发行面 值余额不超过 50 亿元的短期公司债券已获得中国证券监督管理委员会（证监许 可〔2024〕1732 号）注册同意。 东北证券股份有限公司 2025 年面向专业投资者公开发行短期公司债券（第 （以下简称"本期债券"）发行规模为不超过人民币 15 亿元（含 15 亿元）。 六期） 根据《东北证券股份有限公司 2025 年面向专业投资者公开发行短期公司债 券（第六期）发行公告》，发行人和主承销商原定于 2025 年 8 月 25 日（T-1 日） 簿记建档结果确定本期债券的最终票面利率。 ...

东北证券股份有限公司 2025 年面向专业投资者公开发行次 东北证券股份有限公司（签章） 年 月 日 级债券（第四期）在深圳证券交易所上市的公告 根据深圳证券交易所债券上市的有关规定，东北证券股份有限公司 2025 年 面向专业投资者公开发行次级债券（第四期）符合深圳证券交易所债券上市条件， 将于 2025 年 8 月 26 日起在深圳证券交易所上市，并面向专业投资者中的机构投 资者交易，交易方式包括匹配成交、点击成交、询价成交、竞买成交和协商成交。 债券相关要素如下： 债券名称 东北证券股份有限公司 2025 年面向专业投资者公开发行次级 债券（第四期） 债券简称 25 东北 C4 债券代码 524407 信用评级 主体评级 AAA，本期债券评级 AA+ 评级机构 联合资信评估股份有限公司 发行总额（亿元） 人民币 7 亿元 债券期限 3年 票面年利率（％） 2.46% 利率形式 固定利率 付息频率 按年付息 发行日 2025 年 8 月 20 日-2025 年 8 月 21 日 起息日 2025 年 8 月 21 日 上市日 2025 年 8 月 26 日 到期日 2028 年 8 月 21 日 债券面值 ...

东北证券股份有限公司（以下简称"发行人"）公开发行面值余额不超过人 民币50亿元的短期公司债券的申请已获得中国证券监督管理委员会"证监许可 〔2024〕1732号"同意注册。 东北证券股份有限公司2025年面向专业投资者公开发行短期公司债券（第六 期）（以下简称"本期债券"）发行规模为不超过人民币15亿元（含15亿元）。 2025年8月25日（T-1日）15:00—19:00，发行人和主承销商长城证券股份有 限公司在网下向专业机构投资者进行了票面利率询价，利率询价区间为1.50%- 2.50%。根据网下向专业机构投资者询价结果，经发行人和主承销商充分协商和 审慎判断，最终确定本期债券票面利率为1.77%。 证券代码：524413.SZ 证券简称：25东北D6 东北证券股份有限公司2025年面向专业投资者公开发行短期公 司债券（第六期）票面利率公告 发行人及其全体董事、监事、高级管理人员或履行同等职责的人员保证公告 内容真实、准确和完整，并对公告中的虚假记载、误导性陈述或者重大遗漏承担 责任。 年 月 日 公司债券（第六期）票面利率公告》之盖章页） 长城证券股份有限公司 年 月 日 2025 8 25 发行人将 ...

关于延长东北证券股份有限公司 2025 年面向专业投资者公 开发行短期公司债券（第六期）簿记建档时间的公告 东北证券股份有限公司（以下简称"发行人"）面向专业投资者公开发行面 值余额不超过 50 亿元的短期公司债券已获得中国证券监督管理委员会（证监许 可〔2024〕1732 号）注册同意。 东北证券股份有限公司 2025 年面向专业投资者公开发行短期公司债券（第 六期）（以下简称"本期债券"）发行规模为不超过人民币 15 亿元（含 15 亿元）。 根据《东北证券股份有限公司 2025 年面向专业投资者公开发行短期公司债 券（第六期）发行公告》，发行人和主承销商原定于 2025 年 8 月 25 日（T-1 日） 15:00 至 18:00 以簿记建档的方式向网下专业机构投资者进行利率询价，并根据 簿记建档结果确定本期债券的最终票面利率。 根据簿记建档当日市场情况，经发行人和簿记管理人协商一致，现将簿记建 档结束时间由 2025 年 8 月 25 日 18:00 延长至 2025 年 8 月 25 日 19:00。 特此公告。 2025 8 25 发行人：东北证券股份有限公司 年 月 日 （本页无正文，为《关于 ...

（本页无正文，为《东北证券股份有限公司 2025 年面向专业投资者公开发行科技创新次级 债券（第四期）在深圳证券交易所上市的公告》之盖章页） 东北证券股份有限公司（签章） 年 月 日 2025 8 25 根据深圳证券交易所债券上市的有关规定，东北证券股份有限公司 2025 年 面向专业投资者公开发行次级债券（第四期）符合深圳证券交易所债券上市条件， 将于 2025 年 8 月 26 日起在深圳证券交易所上市，并面向专业投资者中的机构投 资者交易，交易方式包括匹配成交、点击成交、询价成交、竞买成交和协商成交。 债券相关要素如下： | 债券名称 | 东北证券股份有限公司 2025 年面向专业投资者公开发行次级 债券（第四期） | | --- | --- | | 债券简称 | 25 东北 C4 | | 债券代码 | 524407 | | 信用评级 | 主体评级 AAA，本期债券评级 AA+ | | 评级机构 | 联合资信评估股份有限公司 | | 发行总额（亿元） | 人民币 7 亿元 | | 债券期限 | 3 年 | | 票面年利率（％） | 2.46% | | 利率形式 | 固定利率 | | 付息频率 | 按年付 ...