（三）本次会议未涉及变更前次股东大会决议的情形 证券代码：000733 证券简称：振华科技 公告编号：2025-040 中国振华（集团）科技股份有限公司 2025年第二次临时股东大会决议公告 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。 特别提示： （一）本次会议未出现否决议案的情形 （二）本次大会未出现新增临时提案情形 一、会议召开和出席情况 （一）会议召开情况 1.召开时间： （1）现场会议时间：2025年7月30日下午15:00。 （2）网络投票时间：通过深圳证券交易所交易系统投票的具体时间为 2025年7月30日上午9:15～9:25、9:30～11:30，下午13:00～15:00；通过深 圳证券交易所互联网投票系统投票的具体时间为2025年7月30日9:15～ 15:00期间的任意时间。 2.现场会议召开地点：贵阳市乌当区新添大道北段268号。 3.召开方式：本次股东大会采取现场表决与网络投票相结合的方式召 开。 4.召集人：公司董事会。 - 1 - 5.主持人：公司董事长杨立明先生。 6.本次会议的召开符合《公司法》、深圳证券交易所《股票上市规 ...

关于中国振华（集团）科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：中国振华（集团）科技股份有限公司 北京市炜衡（贵阳）律师事务所（以下简称"本所"）接受中国振华 （集团）科技股份有限公司（以下简称"公司"）的委托，指派本所律师 列席 2025 年 7 月 30 日下午 15:00 在贵州省贵阳市乌当区新添大道北段 268 号公司办公楼四楼会议室召开的公司 2025 年第二次临时股东大会（以 下简称"本次股东大会"），现依据《中华人民共和国公司法》《中华人民 共和国证券法》等现行法律、行政法规和其他规范性文件（以下简称"法 律法规"）及《中国振华（集团）科技股份有限公司章程》（以下简称"公 司章程"）的规定，就本次股东大会的召集和召开程序、出席会议人员资 格、召集人资格、会议表决程序和现场表决结果等事宜（以下简称"程序 事宜"）出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关本次股东大会 的文件、公司第十届董事会第六次会议决议以及根据上述决议内容刊登的 公告、本次股东大会的通知、议案、表决票和决议等，同时听取了公司就 有关事实的陈述和说明，列席了本次股东大会。公司承诺其 ...

格隆汇7月30日丨振华科技(000733.SZ)于投资者互动平台表示，公司未参与雅江水电站项目建设，公司 生产的开关类、连接器类等产品已间接配套水电站项目。 ...

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [5]. Core Viewpoints - The integrated combat system of China is expected to rapidly open up the market, with military trade likely to continue increasing [16][17]. - In Q2 2025, active funds have significantly increased their overweight position in the military sector, with expectations for further increases focusing on military trade and new combat directions [21]. - The current market position remains optimistic for the military sector, with upstream components and key materials expected to benefit from demand amplification effects [22]. Summary by Sections 1.1 Military Trade and Equipment Strength - The Weapon Industry Group showcased China's military trade capabilities in unmanned and counter-unmanned systems, indicating a growing demand for military trade [9][16]. - The demonstration included various advanced equipment such as the BZK-005E drone and the Tianlong 100 air defense missile system, highlighting the capabilities of China's integrated combat system [17][18]. 1.2 Fund Allocation Trends - In Q2 2025, the overweight position of active funds in the military sector increased to 0.92 percentage points, up from 0.57 percentage points in Q1 2025, indicating a growing confidence in military trade and new combat technologies [21][22]. - The report suggests that the market's understanding of the marginal elasticity of military trade is still insufficient, with potential for performance releases to strengthen military trade logic [21]. 1.3 Current Market Outlook - The military sector has shown positive performance since July, with many sub-sectors still at low levels, suggesting significant configuration value [22]. - The report emphasizes the importance of upstream components and key materials in weapon development and production, which are expected to benefit from increased demand [22]. Appendix: Market Performance and News - The defense and military industry index rose by 1.28% but underperformed compared to the broader market indices [24]. - Key military companies have reported significant growth in their half-year earnings, with many companies showing rapid increases in net profits [44].

本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 中国振华（集团）科技股份有限公司（以下简称公司）于2025年7月 15日在证券时报和巨潮资讯网（http://www.cninfo.com.cn）披露了《关 于召开2025年第二次临时股东大会的通知》（公告编号：2025-038），为进 一步维护投资者合法权益，方便公司股东行使股东大会表决权，现发布《关 于召开2025年第二次临时股东大会的提示性公告》。 一、召开会议的基本情况 证券代码：000733 证券简称：振华科技 公告编号：2025-039 （一）股东大会届次：2025年第二次临时股东大会 中国振华（集团）科技股份有限公司 关于召开2025年第二次临时股东大会的提示性公告 2.本公司董事、监事及高级管理人员。 （二）会议召集人：公司董事会 （三）会议召开的合法、合规性： 本次会议的召开符合《公司法》、深圳证券交易所《股票上市规则》 及公司《章程》的有关规定。 （四）会议召开时间： 1.现场会议时间：2025年7月30日下午15:00。 2.网络投票时间：通过深圳证券交易所交易系统投票的具体时间为 2025年 ...

Investment Rating - The report maintains a "Positive" outlook for the defense and military industry, indicating a favorable investment environment [5]. Core Insights - The military industry is expected to see a significant increase in fund allocation, with a focus on military trade and new combat capabilities. The report suggests that the military trade sector will continue to catalyze growth, and there is still room for upward movement in holdings [2][34]. - The report highlights that the pessimistic expectations for the military industry's upstream have already been reflected in stock prices, and an increase in market confidence regarding the sustainability of the industry will likely enhance upstream holdings [34]. Summary by Sections 1. Fund Allocation Trends - In Q2 2025, the active funds' heavy allocation in the military sector increased significantly, with a rise in the allocation ratio from 0.57 percentage points to 0.92 percentage points. The total market value of active funds in the military sector grew by 20.77% [12][8]. - The report notes that the allocation ratio for component stocks decreased significantly, but it is expected to rebound as orders materialize and market conditions improve [18][22]. 2. Focus Areas for Investment - The report recommends focusing on specific sub-sectors within the military industry, including: - Military Electronics: Companies like Zhenhua Technology (000733, Buy), Aerospace Electronics (002025, Buy), and others [2][34]. - Key Materials and Components: Companies such as Western Superconducting (688122, Buy) and others [2][34]. - Engine Chain: Companies like Aero Engine Corporation (600893, Not Rated) and others [2][34]. - Military Trade: Companies such as AVIC Shenyang Aircraft Corporation (600760, Not Rated) and others [2][34]. - New Quality Productivity: Companies like Aerospace Electronics (600879, Not Rated) and others [3][34]. 3. Market Dynamics - The report indicates that the military trade business is expected to accelerate, with a positive outlook for military trade stocks. The active funds are increasingly focusing on sectors benefiting from military trade and new combat capabilities [7][22]. - The report emphasizes that the market's understanding of the marginal elasticity of military trade for military enterprises is still insufficient, suggesting that future catalysts and performance releases will strengthen the military trade logic [22][34].

Investment Rating - The report maintains a "Positive" outlook on the defense and military industry [5] Core Insights - The military trade market is expected to accelerate and improve efficiency, with a continued positive outlook on the military trade sector [10][12] - Geopolitical instability is likely to lead to sustained global demand for military trade, presenting significant development opportunities for China's military trade [14][15] - The current market position suggests a continued positive outlook on the military industry, with military trade expected to become a second growth driver [16] Summary by Sections Military Trade Sector - A high-level meeting between AVIC and Shaanxi Aircraft Industry Group highlighted the importance of military trade, focusing on high-quality development and addressing international market needs [9][12][13] - The European defense sector is undergoing upgrades, with countries increasing defense budgets, which may create supply gaps and opportunities for China's military exports [14][15] Performance and Market Trends - The defense and military industry index increased by 2.26%, outperforming the Shanghai Composite Index [18][19] - The report notes that most military companies have shown rapid growth in their half-year performance for 2025, with significant increases in net profits for several companies [30][32] Investment Recommendations - Suggested investment targets include: - Military Electronics: Zhenhua Technology (000733, Buy), Aerospace Electronics (002025, Buy) [17] - Key Materials and Parts: Western Superconductor (688122, Buy), Chujian New Materials (002171, Buy) [17] - Engine Supply Chain: Aero Engine Corporation of China (600893, Not Rated), Western Superconductor (688122, Buy) [17] - Military Trade: AVIC Shenyang Aircraft Corporation (600760, Not Rated), Guorui Technology (600562, Not Rated) [17]

Core Viewpoint - The report highlights significant adjustments in the heavy holdings of Liu Gesong's six funds managed by GF Fund, particularly in the new energy vehicle and semiconductor sectors, with a notable shift towards new consumption, internet, and military industries [1][2]. Fund Holdings Adjustment - Liu Gesong's funds have reduced their positions in several previously favored stocks, including: - North Huachuang: Holdings decreased by approximately 17.69% to 161,240 shares [2]. - Seres: Holdings reduced by 9.14% [6]. - EVE Energy: Holdings decreased by 4.16% [6]. - JinkoSolar: Holdings down by 10.77% [6]. - Conversely, there has been a significant increase in holdings of stocks such as: - DeYe Co.: Increased by 40% [3][8]. - Xichuang Data: Increased by nearly 76% [3]. - Xiaomi Group-W: Increased by 25.66% [7]. Fund Performance - The overall performance of Liu Gesong's funds in Q2 was underwhelming, with all funds experiencing net redemptions: - The best-performing fund, GF Multi-Dimensional Emerging, recorded a net value growth rate of 7.91% [4]. - Other funds, such as GF Small Cap Growth A and C, reported growth rates of 2.38% and 2.28%, respectively [4]. - GF Innovation Upgrade and GF Technology Pioneer recorded negative returns [4]. Market Context - The A-share market saw mixed performance in Q2, with the Shanghai Composite Index rising by 3.26% and the Shenzhen Component Index slightly declining by 0.37% [5]. - Key sectors such as military, banking, and telecommunications showed significant gains, while sectors like food and beverage, home appliances, and steel performed poorly [5]. - Liu Gesong remains optimistic about the domestic economy's resilience, citing factors such as the easing of geopolitical tensions and supportive domestic policies [5].

Core Viewpoint - Zhenhua Technology (振华科技) is facing significant challenges with poor performance leading to the termination or postponement of some investment projects, particularly in the capacitor production line technology renovation project [1][3][9]. Financial Performance - In 2024, Zhenhua Technology reported revenue of 5.219 billion yuan, a decrease of 32.99% year-on-year, and a net profit of 970 million yuan, down 63.83% year-on-year [1][7]. - For Q1 2025, the company achieved revenue of 908 million yuan, a decline of 10.45% year-on-year, with a net profit of 58.5143 million yuan, down 42.60% year-on-year [1][7]. - The gross profit margins from 2022 to 2025 Q1 were 62.72%, 59.34%, 49.70%, and 42.49%, respectively, indicating a continuous decline [8]. Project Developments - Zhenhua Technology announced the termination of the conductive polymer aluminum electrolytic capacitor production line project due to market demand, technological iteration, and other factors, with 76.8706 million yuan invested, representing about 48% of the total investment [1][4]. - The company has also postponed three major fundraising projects, adjusting their expected completion dates to 2026 [2][9]. Business Segments - In 2024, the new electronic components segment generated revenue of 5.177 billion yuan, down 33.2%, accounting for 99.18% of total revenue, while the modern service industry saw revenue of 42.6245 million yuan, up 8.3% [7]. - The company has experienced a shift in market dynamics, with increased competition in basic components and a compression of profit margins due to various external factors [7].

证券代码：000733 证券简称：振华科技 公告编号：2025-036 二、关联方基本情况 中国振华（集团）科技股份有限公司 关于与中国电子财务有限责任公司关联交易的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、关联交易概述 （一）为拓宽融资渠道，增加授信额度储备，在综合考虑中国振华（集 团）科技股份有限公司（以下简称公司）及控股子公司的财务状况、现金 流状况及未来经营发展需要等实际情况下，经公司与中国电子财务有限责 任公司（以下简称中电财务）协商拟重新签订《全面金融合作协议》，以 信用方式取得中电财务的综合授信额度不超过人民币60亿元，同时约定资 金结算日存款余额最高不超过人民币60亿元，期限三年。授信额度期限内， 额度可循环使用，但额度内各种授信品种余额合计不得超过综合授信额度。 （二）中电财务为公司实际控制人中国电子信息产业集团有限公司 （以下简称中国电子）的控股子公司，按照《深圳证券交易所股票上市规 则（2025年修订）》的规定，公司与中电财务同受中国电子控制而构成关 联关系，本次交易构成关联交易，但未构成重大资产重组。 （三）公司于2025 ...