证券代码：001389 证券简称：广合科技 公告编号：2025-063 特此公告。 广州广合科技股份有限公司 董事会 2025 年 10 月 25 日 广州广合科技股份有限公司 关于部分股票期权注销完成的公告 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 9 月 23 日召开 第二届董事会第十八次会议，并于 2025 年 10 月 10 日召开 2025 年第三次临时股 东会，审议通过了《关于注销部分股票期权与回购注销部分限制性股票的议案》。 因 10 名激励对象主动辞职，已不符合激励对象资格，其已获授但尚未行权的股 票期权合计 182,500 份由公司予以注销。具体内容详见披露于《证券时报》《中 国证券报》《上海证券报》《证券日报》《经济参考网》和巨潮资讯网 （http://www.cninfo.com.cn）的《关于注销部分股票期权与回购注销部分限制 性股票的公告》（公告编号：2025-053）。 近日，经中国证券登记结算有限责任公司深圳分公司审核确认，公司已完成 上述 182,500 份股票 ...

广州广合科技股份有限公司 关于拟购买土地使用权并投资建设云擎智造基地项目的进展公告 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。 一、投资项目概述 证券代码：001389 证券简称：广合科技 公告编号：2025-062 广州广合科技股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召开 第二届董事会第十七次会议，审议通过了《关于拟购买土地使用权并投资建设云 擎智造基地项目的议案》，同意公司拟购买土地使用权并投资建设"云擎智造基 地项目"，本项目投资金额约 26 亿元人民币（含购买土地使用权款），公司将以 自有资金、银行贷款或其他融资方式出资，用于项目的开发和运营，上述议案已 经 2025 年第二次临时股东会审议通过。具体内容详见披露于《证券时报》《中国 证 券 报 》《 上 海 证 券 报 》《 证 券 日 报 》《 经 济 参 考 网 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）的《关于拟购买土地使用权并投资建设云擎智造 基地项目的公告》（公告编号：2025-049）。 二、拟购买土地使用权的进展情况 在 ...

Meeting Overview - The third extraordinary general meeting of shareholders was held on October 10, 2025, with both on-site and online voting options available [3][4][6] - The meeting was convened by the company's board of directors and took place at the company's conference room in Guangzhou [5][6] Attendance - A total of 149 shareholders and their proxies attended the meeting, representing 283,317,333 shares with voting rights, which is 66.6261% of the total voting shares [7] - Among them, 145 were small investors, representing 11,259,913 shares, or 2.6479% of the total voting shares [7] Resolutions Passed - The meeting approved the proposal to cancel part of the stock options and repurchase a portion of the restricted shares, with 99.9969% of the votes in favor [8] - Specifically, 182,500 restricted shares will be repurchased and canceled due to the resignation of 10 incentive plan participants, which represents 0.0429% of the company's total share capital [12][13] Legal Compliance - The meeting's procedures were verified by lawyers from Shanghai Jintiancheng (Shenzhen) Law Firm, confirming compliance with relevant laws and regulations [9] Capital Reduction Notification - Following the cancellation of the restricted shares, the company's registered capital will decrease by 182,500 yuan, and creditors are notified to claim their debts within 45 days [14][15]

证券代码：001389 证券简称：广合科技 公告编号：2025-060 广州广合科技股份有限公司 2025年第三次临时股东会决议公告 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 1、本次股东会不存在否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、召开会议的基本情况 1、会议召开时间： （1）现场会议时间：2025 年 10 月 10 日 15:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025 年 10 月 10 日上午 9:15－9:25、9:30-11:30 和下午 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 10 月 10 日上午 9:15 至下午 15:00 期间的任意时间。 1、公司股东及股东委托代理人： （3）会议召开和表决方式： 本次股东会采用现场表决与网络投票相结合的方式召开。 2、召集人：公司董事会 3、会议地点：广州保税区保盈南路 22 号广州广合科技股份有限公司会议室。 4、现场会议主持人：董事长肖红星先生 5、本次股 ...

证券代码：001389 证券简称：广合科技 公告编号：2025-061 广州广合科技股份有限公司 关于回购注销部分限制性股票减少注册资本 暨通知债权人的公告 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 9 月 23 日召开 第二届董事会第十八次会议，并于 2025 年 10 月 10 日召开 2025 年第三次临时股 东会，审议通过了《关于注销部分股票期权与回购注销部分限制性股票的议案》。 根据公司《2024 年股票期权与限制性股票激励计划（草案）》（以下简称 "本 激励计划"或"本次激励计划"）"第八章公司/激励对象发生异动的处理"之 "二、激励对象个人情况发生变化的处理"的规定："（三）激励对象离职的， 包括主动辞职、因公司裁员而离职、劳动合同/聘用协议到期不再续约、因个人 过错被公司解聘、协商解除劳动合同或聘用协议等情形，自离职之日起激励对象 已获授但尚未行权的股票期权不得行权，由公司注销，尚未解除限售的限制性股 票将由公司进行回购注销。"因本次激励计划首次授予的 10 名激励对象主动辞 ...

上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于广州广合科技股份有限公司 2025 年第三次临时股东会的 电话：0755-82816698 传真：0755-82816898 法律意见书 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于广州广合科技股份有限公司 2025 年第三次临时股东会的 法律意见书 地址：深圳市福田中心区福华三路卓越世纪中心 1 号楼 21-23 层 经本所律师验证： （一）公司董事会于 2025 年 9 月 24 日以公告形式在《证券时报》《中国证 券 报 》 《 上 海 证 券 报 》 《 证 券 日 报 》 《 经 济 参 考 网 》 、 巨 潮 资 讯 网 （http://www.cninfo.com.cn）发布了《关于召开 2025 年第三次临时股东会的通知》 （以下简称"《会议通知》"）。《会议通知》载明了本次股东会召开的时间、 地点、召集人、召开方式、出席会议对象、股权登记日、会议审议事项、登记办 法、联系方式等事项。 （二）本次股东会于 2025 年 10 月 10 日如期召开，会议召开的实际时间、 方式以及会 ...

Core Viewpoint - The recent financing and expansion plans of major PCB companies are primarily driven by the increasing demand for AI technologies and high-end PCB products, indicating a significant shift in the industry towards advanced manufacturing capabilities [1][3][6]. Group 1: Company Expansion Plans - Huadian Co. disclosed a new project for high-end printed circuit boards (PCBs) with an investment of 4.3 billion yuan, which began construction in June 2023 and is expected to start trial production in the second half of 2026 [1]. - Shenghong Technology completed a fundraising round of 1.9 billion yuan, with allocations of 850 million yuan for an AI HDI project in Vietnam and 500 million yuan for a high-layer PCB project in Thailand [1]. - Eight PCB manufacturers have announced new financing and expansion plans since July 25, focusing on enhancing their capabilities in HDI, HLC, and SLP products [1][2]. Group 2: Market Demand and Trends - The demand for high-density and high-layer PCBs is expected to grow significantly due to advancements in AI, satellite communications, and automotive electronics, with the HDI market projected to reach 17.037 billion USD by 2029, reflecting a compound annual growth rate of 6.4% [6]. - The complexity of PCB production processes is increasing, necessitating higher precision and efficiency in manufacturing equipment, particularly in plating and drilling stages [6][7]. - The shift towards high-end PCB products is driving upgrades in core materials such as copper foil, electronic cloth, and resin, which are essential for meeting the demands of high-speed signal transmission [7]. Group 3: Investment Opportunities - The expansion of PCB production is anticipated to create a favorable cycle for the industry, benefiting upstream material and equipment companies as demand for high-end PCBs rises [7]. - The global market for PCB-specific equipment is expected to reach 10.765 billion USD by 2029, with a compound annual growth rate of 8.7% from 2024 to 2029 [6].

Core Viewpoint - Guanghe Technology (001389) confirmed the authenticity and accuracy of the information disclosed in its prospectus during a response to investor inquiries on September 29 [1] Group 1 - The company emphasized that any questions regarding the prospectus should be addressed by reviewing the original document carefully [1]

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies, with notable gains for Dongcai Technology, Seres, and Gree Electric, showing target price increases of 51.97%, 37.62%, and 36.96% respectively [1][3] - On September 25, a total of 12 target price adjustments were made by brokerages, with the highest target price set at 32.43 yuan for Dongcai Technology [1][3] - A total of 35 listed companies received brokerage recommendations on September 25, including Sanyuan Shares, Anhui Weaving High-tech, and Yixin Pharmacy [1][3] Group 2 - On the same date, two companies had their ratings upgraded, with Renfu Pharmaceutical's rating raised from "Hold" to "Buy" by Shouchuang Securities, and Sanhuan Group's rating upgraded from "Hold" to "Buy" by Huazheng Securities [4][6] - A total of 10 companies received initial coverage from brokerages, with Frontier Biotech receiving a "Buy" rating from Kaiyuan Securities and Jiete Biotech also receiving a "Buy" rating from Xinda Securities [4][7] - Other companies receiving initial coverage include Bowei Alloy with a rating of "Hold" and Leisai Intelligent with a "Buy" rating, indicating a diverse range of sectors being covered [4][7]

Core Viewpoint - The company reported strong financial performance in the first half of 2025, with significant year-on-year growth in revenue and net profit, driven by high demand in the computing power supply chain and improvements in operational efficiency [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 2.425 billion yuan, a year-on-year increase of 42.17%, and a net profit attributable to shareholders of 492 million yuan, up 53.91% [1]. - For Q2 2025, the company reported revenue of 1.308 billion yuan, a year-on-year growth of 41.96% and a quarter-on-quarter increase of 17.08%. The net profit for the same period was 251 million yuan, reflecting a year-on-year increase of 44.13% and a quarter-on-quarter growth of 4.51% [2]. Market Trends - The global PCB industry is expected to reach a market value of 79.128 billion USD in 2025, representing a year-on-year increase of 7.60% [2]. - The PCB market segments, particularly for multilayer boards with more than 18 layers, HDI, and packaging substrates, are projected to grow at rates of 41.70%, 12.90%, and 7.60% respectively [3]. Business Focus - The company specializes in the research, production, and sales of high-layer printed circuit boards (PCBs), with a significant focus on the server application market, which accounts for approximately 70% of its revenue [4]. - The company has achieved mass production capabilities for 46-layer PCBs and has validated the 7-stage HDI manufacturing process, allowing for high customization based on client needs [4]. Capacity and Production - The company's production capacity utilization rates are high, with the Guangzhou factory operating above 90% and the Huangshi factory exceeding 80%. The Thailand factory commenced operations in June 2025, with a projected annual output value of 2 billion yuan [4]. Earnings Forecast - Revenue projections for the company are 4.967 billion yuan in 2025, 5.895 billion yuan in 2026, and 6.803 billion yuan in 2027, with corresponding EPS estimates of 2.22, 2.67, and 3.11 yuan [5].