证券日报网讯12月29日，超声电子（000823）在互动平台回答投资者提问时表示，公司根据市场形势及 自身的市场策略拓展客户，与某单一客户的合作情况不便透露。 ...

Group 1 - The company, Ultrasonic Electronics, has indicated that its printed circuit board products are utilized in various fields including smart driving, smart home, drones, and mobile internet communications [2]

证券日报网讯12月25日，超声电子（000823）在互动平台回答投资者提问时表示，公司始终坚持以科技 创新为发展驱动力，已掌握任意层互连印制板技术、汽车微波雷达印制板技术、高性能车载电容触摸屏 技术、高速载板用覆铜板技术、相控阵全聚焦实时3D超声成像检测技术等核心技术。截至2025年6月 底，累计获得专利授权653项(其中发明专利授权185项)，其中，有若干关键技术经权威机构鉴定为国际 先进国内领先的技术成果，比如："高端汽车电子印制电路板开发及应用"项目产品经中国电子电路协会 鉴定为整体技术处于国际先进、国内领先水平；"车载毫米波天线板的开发及产业化"项目产品经广东省 电子行业协会鉴定为整体水平达到国际先进水平等。 ...

有投资者在互动平台向超声电子提问："超生电子在半年报中说自己公司技术国际先进国内领先，是夸 大宣传误导投资者吗？请董事长或董秘回复一下为持有超生电子的投资者解惑。" 针对上述提问，超声电子回应称："答：您好！公司始终坚持以科技创新为发展驱动力，已掌握任意层 互连印制板技术、汽车微波雷达印制板技术、高性能车载电容触摸屏技术、高速载板用覆铜板技术、相 控阵全聚焦实时3D超声成像检测技术等核心技术。截止2025年6月底，累计获得专利授权653项（其中 发明专利授权185项），其中，有若干关键技术经权威机构鉴定为国际先进国内领先的技术成果，比如 有：'高端汽车电子印制电路板开发及应用'项目产品经中国电子电路协会鉴定为整体技术处于国际先 进、国内领先水平；'车载毫米波天线板的开发及产业化'项目产品经广东省电子行业协会鉴定为整体水 平达到国际先进水平等等。" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

Group 1: Regulatory Actions - Apple has been fined approximately €98.63 million (around 813 million RMB) by the Italian antitrust authority for abusing its market dominance through its App Tracking Transparency policy, which restricts competition among third-party developers since April 2021 [2] Group 2: Autonomous Driving Developments - Baidu's autonomous driving service platform,萝卜快跑, plans to launch driverless testing and services in London by 2026, marking its first entry into a right-hand traffic market outside of Hong Kong [3] Group 3: AI and Robotics Innovations - Alibaba has open-sourced a new image generation model, Qwen-Image-Layered, which allows for advanced layer understanding and image generation, addressing consistency issues in AI-generated images [4] - 智元机器人 expects to achieve sales revenue exceeding 1 billion RMB this year, with plans for significant growth in robot shipments and revenue in the coming years [5] - 智元机器人 has launched a national robot rental platform, "擎天租," aiming to streamline the rental process and project the market size to exceed 10 billion RMB this year [5] Group 4: Corporate Transactions and Investments - 吉利汽车 has completed the privatization of 极氪, which is now a wholly-owned subsidiary, and its financial performance will be consolidated into 吉利汽车's financial statements [7] - 凌云光's subsidiary plans to invest up to $5 million in the IPO of 智谱, reinforcing their long-term partnership in AI and industrial data [8] - 通宇通讯 is increasing its registered capital by 10 million RMB through a cash investment from 武汉武创院投资有限公司 to enhance its capital strength [6] Group 5: Market Trends and Product Launches - 长飞光纤 reports that the demand for fiber optic cables related to the telecom market remains under pressure, despite increased attention on new products related to data centers [10] - 云知声 has launched a new medical AI model, "山海·知医大模型5.0," which aims to transition from an "intelligent tool" to a "clinical collaborator" [11] - 华为 has released the nova15 series smartphones, starting at 2,699 RMB, featuring the new 麒麟9010s chip and HarmonyOS 6 [23]

Core Viewpoint - The stock of Ultrasonic Electronics has shown a significant increase in price and trading activity, indicating positive market sentiment and potential growth in the company's financial performance [1][2]. Group 1: Stock Performance - On December 24, Ultrasonic Electronics' stock rose by 2.04%, reaching a price of 13.99 yuan per share, with a trading volume of 137 million yuan and a turnover rate of 1.85%, resulting in a total market capitalization of 7.513 billion yuan [1]. - Year-to-date, the stock price has increased by 38.24%, with a 4.40% rise over the last five trading days, a 15.91% increase over the last 20 days, and a slight 0.21% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on December 12, where it recorded a net buy of -17.1946 million yuan [1]. Group 2: Company Overview - Ultrasonic Electronics, established on September 5, 1997, and listed on October 8, 1997, is located in Shantou, Guangdong Province, and specializes in the production and sales of printed circuit boards, LCDs, touch screens, and ultrasonic electronic instruments [2]. - The company's revenue composition includes 50.64% from printed circuit boards, 27.87% from LCDs, 16.91% from copper-clad laminates, and 4.59% from ultrasonic electronic instruments and others [2]. - The company operates within the electronic components sector, specifically in printed circuit boards, and is involved in various concept sectors such as 5G, optical communication, laser radar, and autonomous driving [2]. Group 3: Financial Performance - For the period from January to September 2025, Ultrasonic Electronics achieved a revenue of 4.674 billion yuan, reflecting a year-on-year growth of 10.91%, while the net profit attributable to shareholders was 178 million yuan, marking a 20.93% increase [2]. - The company has distributed a total of 1.148 billion yuan in dividends since its A-share listing, with 215 million yuan distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders increased to 45,400, with an average of 11,817 circulating shares per person, a decrease of 3.24% from the previous period [2].

Core Viewpoint - The company, Ultrasonic Electronics, is accelerating its expansion efforts by investing approximately 1.008 billion yuan in a high-performance HDI printed circuit board (PCB) production capacity upgrade project, aiming to enhance its competitiveness in the AI-driven mobile terminal and automotive electronics markets [2][3][4]. Group 1: Expansion Plans - The project will involve upgrading existing facilities and purchasing advanced production and testing equipment, with an expected annual production capacity increase of 240,000 square meters of high-performance HDI PCBs [3]. - The project is expected to reach 50% of its designed capacity by December 2026, and 100% by June 2027, with monthly production targets of 10,000 square meters and 20,000 square meters, respectively [3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenues of 4.674 billion yuan and a net profit attributable to shareholders of 178 million yuan, reflecting year-on-year growth of 10.91% and 20.93%, respectively [2][7]. - The company anticipates that the new project will generate an additional annual revenue of 808 million yuan and a profit of 112 million yuan once fully operational [4]. Group 3: Research and Development - Ultrasonic Electronics has consistently invested over 200 million yuan in R&D annually for five consecutive years, totaling 1.325 billion yuan over the past five years [6][7]. - As of mid-2025, the company has been granted 653 patents, including 185 invention patents, and has been recognized as a national-level innovative enterprise [6][7]. Group 4: Industry Context - The PCB industry in China is projected to maintain a 52.7% share of the global market by 2029, indicating significant growth potential for domestic manufacturers [4]. - The company's product lines are well-positioned to benefit from the increasing demand driven by AI technology across various sectors, particularly in smart terminals and automotive electronics [5].

Core Viewpoint - The company has approved an investment project for upgrading and expanding high-performance HDI printed circuit board production, aiming to enhance production capacity and market competitiveness [2][3] Group 1: Project Details - The total investment for the project is estimated at 100,755 million yuan (excluding tax) [2] - The project will optimize existing factory space and purchase advanced production and testing equipment, increasing annual production capacity by 240,000 square meters of high-performance HDI printed circuit boards [2] - Funding will be sourced from a bank loan of 72,000 million yuan and the remainder from the company's own funds [2] - The project is scheduled to take 1.5 years, starting from 2026, with a target of reaching 50% of design capacity by December 2026 and 100% by June 2027 [2] Group 2: Economic Impact - Upon reaching full production capacity in the third year, the project is expected to generate additional annual sales revenue of 80,778 million yuan and an additional profit of 11,226 million yuan [2] - The static investment payback period after tax is projected to be 7.29 years, including the construction period [2] Group 3: Strategic Importance - The investment is aimed at seizing opportunities in industries driven by artificial intelligence, such as new-generation mobile terminals, automotive electronics, and high-end consumer electronics [3] - The project will strengthen the company's collaboration with strategic customers and enhance the technical level and competitiveness of high-end HDI products [3] - It will improve the company's responsiveness to market demands and adaptability, positioning it more favorably in international competition [3]

Core Viewpoint - Guangdong Shantou Ultrasonic Electronics Co., Ltd. has approved two significant investment proposals during its 15th meeting of the 10th Board of Directors, focusing on expanding high-performance HDI printed circuit board production and utilizing idle funds for entrusted wealth management [1][5][15]. Group 1: Investment in High-Performance HDI PCB - The company plans to invest in the expansion and upgrade of high-performance HDI printed circuit boards to enhance production capacity and technology, aiming to meet strategic customer demands and strengthen market competitiveness [15][17]. - The total investment for the HDI PCB project is estimated at 100,755 million yuan (excluding tax), with a projected annual production capacity increase of 240,000 square meters [17][21]. - Funding for the project will come from a bank loan of 72,000 million yuan and the remainder from the company's own funds [18]. Group 2: Entrusted Wealth Management - The company has approved the use of up to 80,000 million yuan of idle funds for entrusted wealth management, focusing on low-risk investments such as principal-protected structured deposits [5][6]. - The entrusted wealth management activities will be valid for 12 months from the date of board approval, allowing for rolling investments within the approved limit [7][11]. - The objective of this investment is to improve fund utilization efficiency and increase cash asset returns while ensuring that daily operations and fund safety are not compromised [11].

Group 1 - Kangnibei Group plans to transfer up to 5,065,900 shares, representing no more than 2% of the total share capital, to its controlling shareholder, Zhejiang Pharmaceutical Group, through a block trade [1] - Guiguan Network elected Dai Qingsong as the chairman of the fifth board of directors, who will also act as the general manager [2] - Huayin Technology's shareholders plan to transfer a total of 10,725,600 shares, accounting for 3.93% of the total share capital [3] Group 2 - Wireless Media's subsidiary won a bid for an AI-enabled media platform project with a contract amount of 4.8895 million yuan [4] - Chaosheng Electronics plans to invest 1.008 billion yuan in a high-performance HDI circuit board expansion and upgrade project, aiming to increase production capacity by 240,000 square meters annually [5] - Yingfeng Co., Ltd. disclosed a plan to raise no more than 522 million yuan through a private placement for various projects [6] Group 3 - Yongtai Technology's executives plan to collectively increase their holdings by no less than 5 million yuan without a price range [7] - Guangdong Construction's subsidiary's wind power project has successfully connected its first unit to the grid, contributing to a total installed capacity of 5,094.52 MW [8] - *ST Jiaotou was selected as the first candidate for a sewage treatment plant project with an estimated contract value of 128 million yuan [9] Group 4 - Sanhua Intelligent Control expects a net profit of 3.874 billion to 4.649 billion yuan for 2025, representing a year-on-year increase of 25% to 50% [10] - Aolian Electronics is planning a change in control, leading to a temporary suspension of its stock [11] - ST Zhengtong will resume trading on December 24 after lifting risk warnings and changing its stock name [12] Group 5 - China Nonferrous Metal Industry's subsidiary acquired a 99.9004% stake in Raura Company for 106 million USD, which includes a zinc polymetallic mine in Peru [13] - Xusheng Group's actual controller will change to the Guangzhou Municipal Government, with stock resuming trading [14] - Hualian Holdings plans to acquire 100% of Argentum Lithium S.A. for approximately 1.75 billion USD [15] Group 6 - Yichang Technology is planning a change in control, leading to a temporary suspension of its stock [16] - Runyang Technology's controlling shareholder intends to transfer 5% of the company's shares at a price of 30.08 yuan per share [17] - Hongqi Chain's shareholder, Yonghui Supermarket, plans to reduce its holdings by up to 3% [18][19] Group 7 - Jiaojian Co., Ltd.'s actual controller is under criminal investigation, but the company's control has not changed [20][29] - Tianji Technology is facing a lawsuit for alleged collusion in bidding [21] - Yuehai Feed's controlling shareholder plans to reduce its holdings by up to 3% [22][23] Group 8 - Bojie Co., Ltd. plans to distribute a cash dividend of 0.94 yuan per 10 shares for the 2025 interim period [24] - Dongjiang Environmental plans to invest up to 12 million yuan in a capital increase for a technology company [25] - Taiankang's product received a drug registration certificate for a combination treatment for benign prostatic hyperplasia [26] Group 9 - Lingyun Optical plans to invest up to 5 million USD in a cornerstone investment for an IPO [27] - Canar Co., Ltd. intends to acquire 70% of Jiangxi Fenglin for 21 million yuan [28] - Enjie Co., Ltd.'s subsidiary received a government subsidy of 20 million yuan, accounting for 3.6% of the latest audited net profit [34] Group 10 - China Nuclear Construction plans to introduce investors for a total capital increase of 5 billion yuan, maintaining control over its subsidiaries [35] - Xinzhu Co., Ltd. signed a framework cooperation agreement for an integrated energy project in Tibet [36] - Beibo Co., Ltd. plans to establish a holding subsidiary focused on high-temperature industrial equipment [37] Group 11 - Emei Mountain A plans to establish a wholly-owned subsidiary for tea industry integration with an investment of 10 million yuan [38] - Tianpu Co., Ltd. confirmed the results of a tender offer, with a total of 201 shares accepted [39] - *ST Dongtong's stock will be delisted, entering a 15-day delisting period [40] Group 12 - Zhuoran Co., Ltd.'s subsidiary signed a significant order worth 4.033 billion yuan for a project, representing 142.09% of the company's expected revenue for 2024 [41]