证券代码：001389 证券简称：广合科技 公告编号：2025-041 广州广合科技股份有限公司 关于独立董事取得独立董事培训证明的公告 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。 广州广合科技股份有限公司（以下简称"公司"）于 2025 年 5 月 16 日召开 2025 年第一次临时股东会，审议通过了《关于增选第二届董事会独立董事的议 案》，同意选举施凌先生为公司第二届董事会独立董事，任期自股东会审议通过 之日起至第二届董事会任期届满之日止。 截至公司 2025 年第一次临时股东会通知发出之日，施凌先生尚未取得独立 董事资格证书。根据深圳证券交易所的相关规定，施凌先生已书面承诺参加最近 一次独立董事培训并取得深圳证券交易所认可的独立董事资格证书。具体内容详 见公司 2025 年 4 月 30 日在巨潮资讯网（http://www.cninfo.com.cn）披露的相 关公告。 近日，公司收到施凌先生的通知，施凌先生已按照相关规定参加了深圳证券 交易所举办的上市公司独立董事任前培训（线上），并取得了由深圳证券交易所 创业企业培训中心颁发的《上市公司独立董 ...

Core Viewpoint - Guanghe Technology, a leading PCB manufacturer in the domestic computing power server sector, has successfully listed on the Shenzhen Stock Exchange and is now planning to list on the Hong Kong Stock Exchange, reflecting strong market performance and growth potential [2][8]. Group 1: Company Overview - Guanghe Technology specializes in PCB manufacturing, with products used in data centers, cloud computing, industrial internet, artificial intelligence, 5G communications, automotive electronics, security, and printing [3]. - The company's PCB products cover multiple segments, including computing power scenarios (servers and data center switches), industrial applications (industrial control and automotive electronics), and consumer electronics [3]. Group 2: Market Position and Performance - From 2022 to 2024, Guanghe Technology ranks first among domestic computing power server PCB manufacturers and third globally, holding a market share of 4.9% [5]. - In the CPU motherboard PCB sector, the company also ranks first domestically and third globally, with a market share of 12.4% [5]. - The computing power segment has become a significant revenue driver, projected to generate 2.706 billion RMB in 2024, accounting for over 72.5% of total revenue, reflecting a 65% increase from 2022 [5][6]. Group 3: Financial Performance - Guanghe Technology's revenue for 2024 is expected to reach 3.734 billion RMB, with a net profit of 676 million RMB, both showing substantial growth compared to 2022 [6][7]. - The company anticipates a year-on-year increase in net profit of 51.85% to 58.12% for the first half of 2025 [6]. Group 4: Revenue Sources - The majority of Guanghe Technology's revenue comes from overseas markets, with 77.1% of revenue in 2024 derived from international sales, including 46.5% from bonded zones [7]. - The company has limited exposure to U.S. markets, with only 0.1% of total revenue in 2024 coming from products sold to the U.S. [8]. Group 5: Future Outlook - The company is well-positioned to capitalize on the growing demand for high-performance electronic devices driven by AI, data centers, and IoT applications [5]. - Successful listing on the Hong Kong Stock Exchange could enhance financing channels and international influence, although the company must navigate industry competition and changing international trade environments [8].

Group 1 - PCB concept index rose by 3.07%, ranking 4th among concept sectors, with 124 stocks increasing, including ManKun Technology with a 20% limit up, and others like Guanghe Technology, Dongshan Precision, and Dongcai Technology also hitting the limit up [1][2] - Notable gainers in the PCB sector included Shenghong Technology, Shennan Circuit, and Guanghe Technology, with increases of 9.57%, 5.97%, and 10.00% respectively [3][4] - The PCB sector saw a net inflow of 3.332 billion yuan, with 91 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow, led by Dongshan Precision with 516 million yuan [2][3] Group 2 - The top three stocks by net inflow ratio were ManKun Technology, Guanghe Technology, and Dongcai Technology, with ratios of 22.74%, 19.08%, and 15.44% respectively [3][4] - The overall market performance showed a mixed trend, with the PCB sector being one of the few that experienced significant gains, contrasting with sectors like housing inspection and cement, which saw slight declines [2][3] - The data indicates a strong interest from institutional investors in the PCB sector, as evidenced by the substantial net inflows and the performance of key stocks [2][3]

Group 1: Stock Performance - Zhejiang Zhenyuan and Asia-Pacific Pharmaceutical both achieved a 2-day limit-up with increases of 10.01% and 9.98% respectively, driven by innovation in pharmaceuticals [2] - Chengdu XianDao saw a first board listing with a significant rise of 20.02%, attributed to innovative drug developments [2] - TaiJing Technology and YanHua Intelligent both recorded first board listings with increases of 9.97% and 9.94%, linked to Huawei's influence in robotics [5] Group 2: AI and Robotics - Nvidia's CEO suggested that Huawei's AI chips could potentially replace Nvidia's offerings, indicating a competitive shift in the AI chip market [4] - The domestic robotics industry is gaining traction with significant orders being awarded, highlighting its importance in national competition [7] Group 3: Market Trends - The light communication sector is expected to see sustained growth due to high demand in both domestic and international markets, with performance likely to continue improving [13] - The low-altitude economy is gaining attention, with a notable $1 billion procurement agreement signed for eVTOL aircraft, indicating growth potential in this sector [17] Group 4: Consumer and Retail - The Chinese government is implementing measures to boost consumer spending, which is expected to positively impact the retail sector [21] - Companies like Guoguang Chain and Hanshang Group have seen first board listings with increases of 9.98% and 9.97%, reflecting the positive sentiment in the retail market [23] Group 5: Solar and Food & Beverage - The price of polysilicon has increased by 12.4% week-on-week, indicating a rising trend in the solar industry [24] - The food and beverage sector is also benefiting from government initiatives aimed at enhancing consumer demand, with companies like Huangshi Group seeing a 10.10% increase [26]

Group 1: Market Performance - The PCB and copper-clad laminate sectors have shown strong performance, with companies like Guanghe Technology, Mankun Technology, and Dongshan Precision hitting their daily price limits [1] - Guanghe Technology's latest price is 66.35, reflecting a 10.00% increase, while Mankun Technology's price is 39.88, showing a 20.01% increase [2] Group 2: Industry Events - NVIDIA's CEO Jensen Huang announced at the Chain Expo that there are many orders for the H20 chip, with companies awaiting formal shipping notifications [3] - Huang mentioned that it will take time to enhance the supply chain capacity for the H20 chip, with efforts to accelerate this process in the coming months [3] Group 3: Company Performance - Shengyi Technology forecasted a net profit of 5.112 billion to 5.491 billion, representing a growth of 4.32 to 4.71 times, driven by increased sales and optimized product structure [4] Group 4: Institutional Insights - Demand for PCBs is rising due to capital expenditures from major cloud service providers, particularly driven by NVIDIA's AI server needs and ASIC demand [5] - The rapid rollout of NVIDIA's Blackwell and the strong development of ASICs are expected to sustain robust demand for AI-PCBs, with many companies experiencing full production and sales [5] - The potential market size for AI server CCL/PCB has been updated to $2.3 billion and $5.3 billion for 2025, and $8 billion and $17.4 billion for 2027, indicating a compound annual growth rate of 88% and 80% respectively [5] - Copper-clad laminates (CCL), as a core material for PCBs, are positioned as primary beneficiaries in the supply chain, with significant upgrades in dielectric performance and thermal stability [5]

Group 1 - The printed circuit board sector is experiencing a rise, with companies such as Benwei Intelligent (300964) and Mankun Technology (301132) seeing gains of over 10% [1] - Other companies in the sector, including Guanghe Technology (001389), Xingsen Technology (002436), Huazheng New Materials (603186), Shengyi Electronics, and Jinlu Electronics (301282), are also witnessing upward movement [1] Group 2 - Dark pool funds are flowing into these stocks, indicating increased investor interest [2]

[Expected Performance for the Current Period](index=1&type=section&id=%E4%B8%80%E3%80%81Expected%20Performance%20for%20the%20Current%20Period) The company anticipates a significant year-on-year increase in its 2025 first-half performance across key profitability metrics Key Performance Indicators | Metric | 2025 H1 Forecast | 2024 H1 Actual | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | RMB 485 million – RMB 505 million | RMB 319.3871 million | 51.85% - 58.12% | | **Net Profit After Deducting Non-Recurring Items** | RMB 460 million – RMB 480 million | RMB 323.1518 million | 42.35% - 48.54% | | **Basic Earnings Per Share** | RMB 1.15/share – RMB 1.20/share | RMB 0.79/share | - | [Pre-Audit Status of Performance Forecast](index=1&type=section&id=%E4%BA%8C%E3%80%81Pre-Audit%20Status%20of%20Performance%20Forecast) This performance forecast has not undergone pre-audit by an accounting firm - This performance forecast has not been pre-audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81Explanation%20of%20Performance%20Changes) Performance growth is driven by robust AI computing infrastructure demand and the successful turnaround of a wholly-owned subsidiary - Benefiting from the increased demand for computing infrastructure driven by AI technology development, the company expanded its market for computing products, and through technological innovation and digital efficiency improvements, expects year-on-year growth in revenue and net profit for the first half of 2025[5](index=5&type=chunk) - The company's wholly-owned subsidiary, Huangshi Guanghe Precision Circuit Co., Ltd., **achieved a turnaround and became profitable** during this reporting period[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81Risk%20Warning) The company cautions investors that this performance forecast is a preliminary estimate, with final data subject to the official semi-annual report - This performance forecast represents a **preliminary estimate** by the company's financial department, and the **definitive financial data** will be based on the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk)

Group 1 - PCB concept stocks experienced a surge, with Jin'an Guoji (002636) hitting the daily limit up [1] - Pengding Holdings (002938) rose over 7%, indicating strong market interest [1] - Other companies such as Zhongjing Electronics (002579), Shennan Circuit (002916), Yihau New Materials (301176), and Guanghe Technology (001389) also saw increases in their stock prices [1]

民生证券股份有限公司关于广州广合科技股份有限公司 使用募集资金向全资子公司增资实施募投项目的核查意见 民生证券股份有限公司（以下简称"保荐人"）作为广州广合科技股份有限 公司（以下简称"公司"）首次公开发行股票并在主板上市的保荐人，根据《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》《上市 公司募集资金监管规则》《深圳证券交易所股票上市规则》《证券发行上市保荐业 务管理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等 相关规定，对公司拟使用募集资金向全资子公司黄石广合精密电路有限公司（以 下简称"黄石广合"）增资以实施募投项目的事项进行了核查，并出具核查意见 如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意广州广合科技股份有限公司首次公开 发行股票注册的批复》（证监许可〔2023〕2182 号）同意注册，并经深圳证券交 易所《关于广州广合科技股份有限公司人民币普通股股票上市的通知》（深证上 〔2024〕239 号）同意，公司获准向社会公开发行人民币普通股（A 股）股票 4,230.00 万股，本次公开发行人民币普通股每股面值为人民币 1.00 元 ...

证券代码：001389 证券简称：广合科技 公告编号：2025-038 广州广合科技股份有限公司 关于使用募集资金向全资子公司增资实施募投项目的公告 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。 说明书》，并经公司第二届董事会第六次会议审议通过《关于调整募集资金投资 项目拟投入募集资金金额的议案》，公司募投项目及募集资金使用计划如下： 单位：万元 | 序 | 募集资金投资项目 | 项目投资 | 原计划拟投入 | 调整后拟投入 | | --- | --- | --- | --- | --- | | 号 | | 总额 | 募集资金 | 募集资金 | | 1 | 黄石广合精密电路有限公司 广合电路多高层精密线路板 | 66,810.52 | 66,810.52 | 47,552.18 | | | 项目一期第二阶段工程 | | | | | 2 | 广州广合科技股份有限公司 补充流动资金及偿还银行贷 | 25,000.00 | 25,000.00 | 17,793.67 | | | 款 | | | | | | 合计 | 91,810.52 | 91,810.52 | ...