Core Viewpoint - The company, Lianchuang Electronics (002036.SZ), is focusing on the application of its lens and module products in robotic vision systems, aiming to seize market opportunities in machine vision driven by market demand [1] Company Summary - Lianchuang Electronics is actively engaging in the development of products that can be utilized in robotic vision systems [1] - The company emphasizes a market-driven approach to capture future opportunities in the machine vision sector [1] Industry Summary - The machine vision market is expected to grow, and companies like Lianchuang Electronics are positioning themselves to take advantage of this trend [1]

Market Overview - The Shanghai Composite Index is at 3568.96 points with a change of 0.25% [1] - The total trading volume of A-shares is 11803.88 billion yuan [1] Technical Analysis - 42 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sifang Precision (300468) with a distance of -1.65% [1] - Zhongyou Capital (000617) with a distance of -1.06% [1] - Langxin Group (300682) with a distance of -0.89% [1] Individual Stock Performance - Sifang Precision (300468) has decreased by 1.63% today with a turnover rate of 5.43% [1] - Zhongyou Capital (000617) has decreased by 3.65% today with a turnover rate of 1.65% [1] - Langxin Group (300682) has decreased by 0.86% today with a turnover rate of 1.91% [1] - Other stocks with notable performance include: - China Life Insurance (601319) with a slight increase of 0.12% [1] - Haosen Intelligent (688529) with an increase of 1.31% [1] - Donglai Technology (688129) with an increase of 1.88% [1] Additional Stock Data - Stocks showing a decrease in their 5-day moving average compared to the 10-day moving average include: - Mengjie (002397) down by 1.39% [1] - Greenland Holdings (600606) down by 0.53% [1] - Lida Xin (605365) down by 0.88% [1] - Stocks with minor changes include: - Jiemai (300868) down by 0.23% [2] - Lianchuang Electronics (002036) up by 0.19% [2] - ST Panda (600599) up by 0.26% [2]

Market Overview - The Shanghai Composite Index closed at 3567.02 points, with a change of 0.20% [1] - The total trading volume of A-shares reached 932.32 billion yuan [1] Technical Analysis - A total of 45 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sifang Jingchuang (300468) with a distance of -1.64% - Zhongyou Capital (000617) with a distance of -1.04% - Langxin Group (300682) with a distance of -0.94% [1] Individual Stock Performance - Sifang Jingchuang (300468) saw a decline of 1.58% with a trading turnover of 4.30% [1] - Zhongyou Capital (000617) decreased by 3.42% with a turnover of 1.28% [1] - Langxin Group (300682) fell by 1.37% with a turnover of 1.64% [1] - Other notable stocks include: - China Life Insurance (601319) increased by 0.37% [1] - Haosen Intelligent (688529) rose by 0.71% [1] - Donglai Technology (688129) increased by 1.25% [1] Additional Stock Movements - Stocks with minor declines include: - Huatai Wine Industry (000995) down by 1.31% [1] - Changyang Technology (688299) down by 0.22% [1] - Dream Jie's (002397) decline of 1.39% [1] - Stocks with slight increases include: - Matrix Technology (301299) up by 1.15% [2] - Lianxin Electronics (002036) down by 0.47% [2]

Market Overview - The Shanghai Composite Index is at 3568.16 points, with a change of 0.23% [1] - The total trading volume of A-shares is 697.23 billion yuan [1] Technical Analysis - 49 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sifang Precision (300468) at -1.60% - Langxin Group (300682) at -0.99% - Zhongyou Capital (000617) at -0.91% [1] Individual Stock Performance - Sifang Precision (300468): Today's change is -1.11%, with a latest price of 37.52 yuan, which is -8.04% from the 10-day moving average [1] - Langxin Group (300682): Today's change is -1.88%, with a latest price of 19.29 yuan, which is -6.20% from the 10-day moving average [1] - Zhongyou Capital (000617): Today's change is -2.05%, with a latest price of 8.59 yuan, which is -4.96% from the 10-day moving average [1] - Other stocks with notable performance include: - China Reinsurance (601319): +0.12%, latest price 8.17 yuan, -2.73% from the 10-day moving average [1] - Haosen Intelligent (688529): +0.76%, latest price 19.97 yuan, -0.99% from the 10-day moving average [1] - Huangtai Liquor (000995): -1.52%, latest price 14.29 yuan, -3.99% from the 10-day moving average [1]

Core Viewpoint - Lianchuang Electronics (002036) is expected to turn a profit in the first half of 2025, with projected net profit ranging from 18 million to 26 million yuan, compared to a loss of 64.99 million yuan in the same period last year [1][2]. Financial Performance - The company anticipates a net profit attributable to shareholders of 18 million to 26 million yuan for the first half of 2025, a significant improvement from the loss of 64.99 million yuan in the previous year [2]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of 45 million to 26 million yuan, compared to a loss of 99.96 million yuan in the same period last year [2]. - Basic earnings per share are projected to be between 0.0170 yuan and 0.0245 yuan, recovering from a loss of 0.0608 yuan per share in the previous year [2]. Business Development - The performance improvement is attributed to the successful development of the core optical business and continuous growth in automotive optics [3]. - The touch display industry has completed customer and product structure adjustments, leading to enhanced production efficiency [3]. - The application terminal industry has achieved sustained business growth through upgrades in customer structure and R&D capabilities [3]. - The company has enhanced its profitability by optimizing resource allocation, improving asset operation efficiency, and reducing management costs [3]. Company Background - Lianchuang Electronics, established on April 22, 1998, is located in Nanchang High-tech Industrial Development Zone, Jiangxi Province, and was listed on September 3, 2004 [5]. - The company specializes in the R&D, production, and sales of optical lenses and touch display components [5]. - In 2024, the company reported an operating income of 10.212 billion yuan, a year-on-year increase of 3.69%, and a net profit attributable to shareholders of -553 million yuan, a 44.29% increase in loss compared to the previous year [5].

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company forecasts a return to profitability in H1 2025, with net profit attributable to shareholders projected between 18 million and 26 million yuan 2025 Semi-Annual Performance Forecast | Item | Current Period | Prior Year Same Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: 18 million – 26 million yuan | Loss: 64.9914 million yuan | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Loss: 26 million – 45 million yuan | Loss: 99.9637 million yuan | | **Basic Earnings Per Share** | Profit: 0.0170 – 0.0245 yuan/share | Loss: 0.0608 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company has pre-communicated its performance forecast with the annual audit accounting firm, with no significant disagreements, noting the data remains unaudited - This performance forecast is unaudited by the accounting firm, but the company has pre-communicated with the auditors, and no significant disagreements exist[3](index=3&type=chunk) [Explanation of Performance Change](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The company's return to profitability is primarily driven by its strategic focus on the optical industry, optimizing product and customer structures, and enhancing overall financial performance - The company's turnaround to profitability is primarily attributed to its strategy of **concentrating resources on developing the optical industry** and deep optimization of its product structure[5](index=5&type=chunk) - Core optical business development is progressing well, with **continued growth in automotive optics**; touch display and application terminal industries also improved efficiency and business scale through customer and product structure adjustments[5](index=5&type=chunk) - The company enhanced profitability through internal management initiatives, including **optimizing resource allocation**, **improving asset operational efficiency**, and **reducing management costs**[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) This performance forecast is a preliminary estimate, with final data subject to the official 2025 semi-annual report, urging investors to exercise caution - This performance forecast is a preliminary estimate, and final data will be based on the company's officially disclosed 2025 semi-annual report, cautioning investors to be aware of risks[6](index=6&type=chunk) [Reference Documents](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6) The board of directors' explanations regarding the 2025 semi-annual performance forecast are available as reference documents - The board of directors' explanations regarding the 2025 semi-annual performance forecast are available as reference documents[7](index=7&type=chunk)

Core Points - Lianchuang Electronics reported a narrowing loss for the year 2024, with a revenue of 10.21 billion yuan, a year-on-year increase of 3.69% [1] - The net profit attributable to shareholders was -552.82 million yuan, a 44.29% improvement compared to the previous year [1] - The company’s gross margin for 2024 was 9.19%, an increase of 0.90 percentage points year-on-year [2] Financial Performance - Revenue for 2024 was 10,211,565,372.33 yuan, compared to 9,847,738,457.14 yuan in 2023 [1] - The net profit attributable to shareholders was -552,822,266.81 yuan, improving from -992,386,862.62 yuan in 2023 [1] - The cash flow from operating activities increased by 64.16% to 345,170,853.82 yuan [1] Profitability Metrics - The net profit margin for 2024 was -6.09%, an increase of 4.68 percentage points from the previous year [2] - The basic earnings per share were -0.52 yuan, compared to -0.93 yuan in 2023 [1] - The weighted average return on equity was -22.30%, improving by 7.53% from the previous year [1] Expense Management - Total operating expenses for 2024 were 1.322 billion yuan, a decrease of 39.98 million yuan from the previous year [2] - The expense ratio was 12.94%, down by 0.88 percentage points year-on-year [2] - Sales expenses decreased by 12.62%, while management expenses increased by 6.52% [2] Employee Statistics - The total number of employees at the end of 2024 was 13,052, an increase of 2,677 employees or 25.80% from the previous year [4] - The number of employees in the main subsidiaries was 9,764 [4] Executive Compensation - Total compensation for directors, supervisors, and senior management in 2024 was 14.6983 million yuan [5] - The highest-paid executive, Vice President Wang Zhuo, received 2.7954 million yuan, which is 2.16 times the salary of the Chairman [5] Company Overview - Lianchuang Electronics, established on April 22, 1998, specializes in the research, production, and sales of optical lenses and touch display components [5]

Group 1 - BYD's smart driving concept experienced significant movement in the afternoon, with Lianchuang Electronics nearing a trading limit increase [1] - Other companies such as Yutong Optical, Tongda Electric, Asia-Pacific Shares, Haon Automotive Electric, and Desay SV also saw gains [1] - On July 9, BYD announced via its official WeChat account that it has achieved L4-level comparable smart parking, becoming the first globally to do so, and committed to covering safety and losses for all Tian Shen Yan vehicle users in smart parking scenarios in the Chinese market [1]

证券代码：002036 证券简称：联创电子 公告编号：2025—055 债券代码：128101 债券简称：联创转债 联创电子科技股份有限公司 关于公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 特别提示： 联创电子科技股份有限公司（以下简称"公司"）及控股子公司对外担保总额超过最 近一期经审计净资产的 100%。公司存在向合并报表范围内资产负债率超过 70%的控股子公 司提供担保的情形，请投资者充分关注担保风险。 一、担保情况概述 年度预计担保额度的公告》。 二、担保进展情况 2025 年 6 月，公司为合并报表范围内下属公司提供担保金额为 82,550.00 万元；具体情况如下： | 序 | 担保人 | 被担保人 | 债权人 | 担保金额 | 担保 | 担保 | 保证期间 | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | （万元） | 范围 | 方式 | | | | | | 江西银行 | | 申请 | | | | | 联创电子科 | 江西联益 | 股份有限 ...

证券代码：002036 证券简称：联创电子 公告编号：2025—054 债券代码：128101 债券简称：联创转债 暨股份变动公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 重要内容提示： 证券代码：002036，证券简称：联创电子 联创电子科技股份有限公司 2025 年第二季度可转换公司债券转股情况 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准联创电子科技股份有限公司公开发行 可转换公司债券的批复》（证监许可[2020]84 号）核准，公司于 2020 年 3 月 16 日公开发行了 300 万张可转换公司债券，每张面值 100 元，发行总额 30,000 万 元，期限六年。 （二）可转债上市情况 债券代码：128101，债券简称：联创转债 转股价格：人民币11.17元/股 转股时间：2020 年 9 月 21 日至 2026 年 3 月 16 日 根据《深圳证券交易所股票上市规则》《深圳证券交易所可转换公司债券业 务实施细则》的有关规定，联创电子科技股份有限公司（以下简称"联创电子"、 "公司"）现将 2025 ...