证券代码：002036 证券简称：联创电子 公告编号：2026—001 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（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 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： 公司于 2025 年 4 月 24 日召开第九届董事会第五次会议审议通过了《关于公 司及下属公司 2025 年度预计担保额度的议案》，并于 2025 年 5 月 16 日经公司 2024 年年度股东会审议通过，为提高公司决策效率，满足公司及下属公司业务 发展、生产经营及实际资金需求，公司及下属公司 2025 年度向银行等金融机构 及其他非金融机构预计发生担保额度不超过人民币 1,118,000.00 万元，其中对 资产负债率低于 70%的公司及下属公司提供的担保额度不超过 644,000.00 万元， 对资 ...

东方金诚公告【2025】0576 号 东方金诚国际信用评估有限公司（以下简称"东方金诚"）受托对联创电子科技股份有限公司（以 下简称"联创电子"或"公司"）及其发行的"联创电子科技股份有限公司 2020 年可转换公司债券" （以下简称"联创转债"）进行了信用评级。2025 年 6 月 25 日，东方金诚对联创电子主体及"联创 转债"进行了定期跟踪评级，维持公司主体信用等级为 AA-，评级展望稳定，维持"联创转债"信 用等级为 AA-，评级结果在"联创转债"的存续期内有效。 东方金诚关注到，近日联创电子发布公告，称控股股东江西鑫盛投资有限公司（以下简称"江 西鑫盛"）正在筹划有关协议转让所持有的公司部分股权等事宜，该事项可能导致公司控股股东、实 际控制人发生变更。 上述事项发生后，东方金诚通过电话访谈、查询公开资料等方式了解到：2025 年 12 月 24 日， 江西鑫盛与南昌市北源智能产业投资合伙企业（有限合伙）（以下简称"北源智能"）签订了《江西 鑫盛投资有限公司与南昌市北源智能产业投资合伙企业（有限合伙）关于联创电子科技股份有限公 司之股份转让协议》，约定北源智能分批支付 899999990.70 元收购 ...

Market Overview - The Shanghai Composite Index closed at 3968.84 points, above the annual line, with a slight increase of 0.09% [1] - The total trading volume of A-shares reached 24,617.43 billion yuan [1] Stocks Breaking Annual Line - A total of 92 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Wajingke (8.82%) - Zhangyue Technology (8.44%) - Suoling Co., Ltd. (7.81%) [1] Detailed Stock Performance - The following stocks have notable performance metrics: - Wajingke: 20.00% increase, turnover rate of 14.94%, latest price at 37.80 yuan [1] - Zhangyue Technology: 10.00% increase, turnover rate of 12.20%, latest price at 22.12 yuan [1] - Suoling Co., Ltd.: 10.00% increase, turnover rate of 10.69%, latest price at 6.05 yuan [1] - Other stocks with significant increases include: - Desheng Technology: 10.03% increase - Nanxing Co., Ltd.: 10.00% increase [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the annual line include: - Guifaxiang - Guangkang Biochemical - Shunwang Technology [1]

Core Viewpoint - Lianchuang Electronics has shown fluctuations in stock performance, with a year-to-date increase of 15.11% but a recent decline of 6.64% over the past five trading days, indicating volatility in investor sentiment and market conditions [1]. Group 1: Stock Performance - As of December 31, Lianchuang Electronics' stock price was 10.82 yuan per share, with a trading volume of 4.08 billion yuan and a turnover rate of 3.63%, resulting in a total market capitalization of 11.419 billion yuan [1]. - The stock has experienced a year-to-date increase of 15.11%, a decline of 6.64% over the last five trading days, an increase of 8.31% over the last 20 days, and a decrease of 4.33% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Lianchuang Electronics reported a revenue of 6.489 billion yuan, representing a year-on-year decrease of 16.20%, while the net profit attributable to shareholders was 50.92 million yuan, showing a significant year-on-year increase of 210.26% [2]. Group 3: Shareholder Information - As of December 19, the number of shareholders for Lianchuang Electronics was 105,900, a decrease of 3.49% from the previous period, with an average of 9,946 circulating shares per shareholder, an increase of 3.61% [2]. - The company has distributed a total of 274 million yuan in dividends since its A-share listing, with 9.6623 million yuan distributed over the past three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the second-largest circulating shareholder, holding 23.5766 million shares, an increase of 5.6268 million shares from the previous period [3]. - Southern CSI 1000 ETF, ranked fourth among circulating shareholders, held 9.6917 million shares, a decrease of 191,600 shares from the previous period [3].

Core Viewpoint - The company emphasizes the importance of multi-department collaboration to enhance pre-control, strengthen real-time monitoring, and improve post-processing mechanisms, particularly in managing accounts receivable [1] Group 1 - The company is actively responding to investor inquiries regarding its operational strategies [1] - There is a focus on strengthening the management level of accounts receivable [1] - The company is implementing measures to ensure better coordination among various departments [1]

Core Viewpoint - As of December 19, 2025, the number of shareholders for Lianchuang Electronics (002036) is reported to be 105,910 [1] Company Summary - Lianchuang Electronics has confirmed through an interactive platform that its shareholder count stands at 105,910 as of the specified date [1]

Core Viewpoint - Lianchuang Electronics (002036) has experienced a share price decline and is undergoing a significant change in its shareholder structure, with a new controlling shareholder expected to emerge following the completion of certain agreements and regulatory approvals [1]. Group 1: Stock Performance - As of December 30, 2025, Lianchuang Electronics closed at 10.6 yuan, down 1.94% from the previous trading day, with a total market capitalization of 11.187 billion yuan [1]. - The stock opened at 10.79 yuan, reached a high of 10.84 yuan, and a low of 10.6 yuan, with a trading volume of 5.64 billion yuan and a turnover rate of 5.01% [1]. Group 2: Shareholder Changes - On December 24, 2025, Lianchuang Electronics signed a share transfer agreement and a conditional share subscription agreement, where Beiyuan Intelligent will acquire 70,866,141 shares from Jiangxi Xinsong, representing 6.71% of the total share capital [1]. - Jiangxi Guozhi Chuangtou plans to subscribe for up to 189,095,127 shares in a directed issuance [1]. - Following these changes, Beiyuan Intelligent will become the controlling shareholder, and the Jiangxi Provincial State-owned Assets Supervision and Administration Commission will become the actual controller of the company [1]. - The completion of this equity change is subject to approval from state-owned asset regulatory authorities, compliance confirmation from the Shenzhen Stock Exchange, and registration with the China Securities Regulatory Commission, indicating some uncertainty in the process [1].

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [8]. Core Insights - The humanoid robot concept index increased by 4.61% from December 21 to December 26, 2025, outperforming the CSI 300 index by 2.66 percentage points. Year-to-date, the humanoid robot index has risen by 73.16%, surpassing the CSI 300 index by 51.25 percentage points [3][13]. - UBTECH has secured a project worth approximately 59.62 million yuan for the Huizhou Huizhong District humanoid robot data collection center, contributing to a total order amount of nearly 1.4 billion yuan for 2025 [6][23]. - The humanoid robot industry is witnessing significant advancements, including the launch of the 1000th industrial humanoid robot Walker S2 by UBTECH, marking a major milestone in production capacity [4][22]. Weekly Market Review - The humanoid robot index outperformed the CSI 300 index during the week, with notable stock performances including Andar Intelligent, which saw a weekly increase of 43.82%, while Lianchuang Electronics experienced a decline of 5.26% [3][18]. - The report highlights the strong performance of the humanoid robot sector, with a focus on key companies and their recent developments [5][6]. Weekly Hotspots Policy Developments - The Chinese Ministry of Foreign Affairs emphasized China's leading position in humanoid robot manufacturing, citing a significant number of patents and innovations in the field [4][21]. - The establishment of the Beijing Robotics Industry Association aims to enhance industry collaboration and support for companies in the humanoid robotics sector [4][21]. Product and Technology Iteration - UBTECH's Walker S2 robot is capable of performing complex tasks and has been integrated into production lines, showcasing the practical applications of humanoid robots in industrial settings [4][22]. - The Beijing Humanoid Robot Innovation Center has released the XR-1 model, which is designed to enhance the capabilities of humanoid robots in various applications [4][22]. Investment and Financing - Yundongchu Technology has initiated Pre-IPO financing, raising several hundred million yuan, indicating strong investor interest in the humanoid robotics sector [4][23]. - Key companies are making substantial investments in humanoid robotics, with plans for new projects and product developments [5][25][26]. Key Company Announcements - WanKai New Materials has signed a contract to supply lightweight components for humanoid robot arms, indicating ongoing collaboration within the industry [5][25]. - Zhenyu Technology plans to invest 1 billion yuan in the development of humanoid robot components, reflecting the growing demand for advanced robotics solutions [5][26]. - Guoji Precision Engineering is expanding its product offerings to include high-value bearings for humanoid robots, aiming to enhance its market position [5][26].

Group 1 - The core viewpoint of the article highlights the increasing trend of control rights transactions in the A-share market since 2025, with nearly 170 companies disclosing plans for control changes this year, indicating a significant resource optimization in the capital market [1] - The entry of state-owned capital has become a notable trend, with new controlling shareholders often bringing in capital injections and governance optimizations, which contribute to the high-quality development of companies [1][4] - Control rights changes are seen as market-driven behaviors for resource reallocation, with quality capital entering to empower companies and promote industrial integration, aligning with the current demand for high-quality development in the real economy [1] Group 2 - Specific cases illustrate that new controlling shareholders often accompany capital injections and governance optimizations, leading to substantial benefits for company development [2] - For instance, Guo Ao Technology announced a control change with a capital raise of up to 432 million yuan to enhance liquidity, while Xue Rong Biotechnology's control change aims to improve governance and operational capabilities [2] - The driving factors behind the increase in control rights changes include a resonating effect between policy and market forces, with regulatory changes providing a more inclusive environment for mergers and acquisitions [3] Group 3 - State-owned capital has emerged as a strategic partner for many listed companies, leveraging financial strength and industrial resources [4] - Examples include Jiangxi Xinsheng Investment's acquisition of control in Lianchuang Electronics, and Jiang Pharmaceutical's investment of over 1 billion yuan in Tai Long Pharmaceutical to enhance strategic development in the healthcare sector [4] - The deep involvement of state-owned capital reflects the top-level design direction of deepening state-owned enterprise reform and optimizing the layout of the state economy [5] Group 4 - Looking ahead, the A-share control rights market is expected to remain active, shifting focus from "scale expansion" to "quality improvement," emphasizing ownership structure optimization to drive technological upgrades and modern governance [6] - Strengthening corporate governance will become a crucial aspect of high-quality development for listed companies [6]

Core Viewpoint - The equity change in Lianchuang Electronics involves a share transfer and a private placement, resulting in new actual control by Beiyuan Intelligent and Jiangxi State-owned Venture Capital [1] Group 1: Share Transfer - Beiyuan Intelligent acquired 70.8661 million shares from Jiangxi Xinsong Investment Co., Ltd., representing 6.71% of the total share capital, at a price of 12.70 CNY per share, totaling approximately 900 million CNY [1] - The share transfer is executed through an agreement, indicating a strategic move to consolidate control over the company [1] Group 2: Private Placement - Lianchuang Electronics plans to issue up to 189 million new shares to Jiangxi State-owned Venture Capital, with a maximum subscription amount of 1.63 billion CNY, at a price of 8.62 CNY per share [1] - After the completion of both transactions, Beiyuan Intelligent and Jiangxi State-owned Venture Capital will collectively hold 20.89% of the company's shares [1] Group 3: Control and Governance - Jiangxi State-owned Venture Capital will hold 15.19% of the shares, while Beiyuan Intelligent will hold 5.69%, establishing them as the new actual controlling entities of the company [1] - The financial director of the listed company will be appointed by a candidate recommended by Beiyuan Intelligent, reflecting their intention to exert control [1] Group 4: Commitments and Conditions - The information disclosure obligor commits to not transferring their shares for 36 months and ensures the independence of the listed company in terms of personnel, assets, finance, organization, and business [1] - The transferring party has pledged to release any existing pledges on the shares before the completion of the transfer to ensure a smooth handover [1] - There are no plans for further increases or decreases in shareholding by the information disclosure obligor within the next 12 months [1]