Market Performance - On January 15, the three major indices showed mixed results, with the Shanghai Composite Index briefly falling below 4100 points, closing down 0.33% [1] - The Shenzhen Component Index rose by 0.41%, and the ChiNext Index increased by 0.56% [1] - The total trading volume in the Shanghai and Shenzhen markets approached 3 trillion yuan, significantly down by over 1 trillion yuan compared to the previous day [1] Sector Performance - The semiconductor sector strengthened in the afternoon, with stocks like Xidian Co. hitting a 20% limit up and reaching a historical high [1] - The CPO concept saw fluctuations, with stocks like Huanxu Electronics also hitting the limit up [1] - The tourism and hotel sector was active, with stocks such as Shaanxi Tourism and Zhongxin Tourism reaching their limit up [1] - The non-ferrous metals sector also saw gains, with stocks like Sichuan Gold and Luoping Zinc Electric hitting the limit up [1] - Conversely, sectors like AI applications and commercial aerospace experienced significant declines [1] Stock Highlights - A total of 55 stocks hit the limit up across the market (excluding ST and delisted stocks), with 16 stocks on consecutive limit up days [1] - Notable stocks included Bofei Electric in the chemical sector with 5 consecutive limit ups, and AI application stocks like People's Daily with 4 consecutive limit ups [1][7] - The smart grid sector saw Sanbian Technology achieving 4 limit ups over 7 days [8] Investment Insights - TSMC is expected to have capital expenditures of $52 billion to $56 billion in 2026, with a total of $40.9 billion in 2025 [9] - The State Grid Corporation of China is projected to invest 4 trillion yuan in fixed assets during the 14th Five-Year Plan, a 40% increase from the previous plan [9] - The People's Bank of China announced a reduction in the minimum down payment ratio for commercial property loans to 30% [9]

Market Overview - The Shanghai Composite Index fell by 0.33%, while the Shenzhen Component Index rose by 0.41% and the ChiNext Index increased by 0.56% [2] - The total market turnover reached 29,384 billion [2] Semiconductor Industry - TSMC reported its Q4 2025 net profit at $16.307 billion, a 35% year-on-year increase, with revenue of $33.731 billion, up 20.5% year-on-year [10] - The semiconductor supply chain saw a strong rally, with significant gains in storage chips, photolithography machines, and advanced packaging sectors [6] - Blue Arrow Electronics and other companies in the semiconductor sector announced mergers and acquisitions to enhance their market position [11] - The semiconductor industry is experiencing price increases across multiple segments due to rising demand from AI applications, leading to a recovery in industry profitability [12] Precious and Energy Metals - The precious metals and energy metals sectors showed strong performance, with Sichuan Gold hitting the daily limit and Hunan Silver rising over 6% [4] Agricultural Chemicals - Agricultural stocks saw a surge, with Jiangshan Co. hitting the daily limit and other companies like Lier Chemical and Guangxin Co. also experiencing gains [5] Commercial Aerospace and AI Applications - Recent popular sectors such as commercial aerospace and AI applications faced adjustments, with several previously favored stocks experiencing significant declines [5] Energy Storage Sector - The energy storage concept stocks were active, with the battery sector showing strength [13] Lithium Carbonate Prices - Lithium carbonate prices have been rising, reaching a two-year high, while a company announced a planned production halt that could reduce output by 1,500 to 2,000 tons [15] - The Chinese automotive industry is projected to see production and sales exceed 34 million units by 2025, with new energy vehicles expected to account for over 50% of new car sales [15]

Market Overview - On January 15, the Shanghai Composite Index briefly fell below 4100 points, closing down 0.33%, while the Shenzhen Component Index rose by 0.41% and the ChiNext Index increased by 0.56% [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 2.94 trillion yuan, a decrease of 1.05 trillion yuan compared to the previous trading day, with over 3100 stocks declining [1] Sector Performance - The semiconductor sector showed strength in the afternoon, with stocks like Silan Microelectronics hitting the daily limit and reaching a historical high, alongside other stocks such as Tongcheng New Materials and Kangqiang Electronics [4] - The tourism and hotel sector was active, with stocks like Shaanxi Tourism and Zhongxin Tourism also hitting the daily limit [4] - The non-ferrous metals sector rose, with stocks like Sichuan Gold and Luoping Zinc Electric reaching the daily limit [4] AI and Aerospace Sector - AI application and commercial aerospace concept stocks experienced significant declines, with many stocks dropping over 10% [6] - The commercial aerospace index fell by 4.46%, with notable declines in stocks such as Star Map Control and Guangha Communication [7] High-Profile Stock Movements - High-profile stocks continued to decline, with Pingtan Development hitting the daily limit after announcing expected losses for 2025 [9] - Yanshan Technology, previously a strong performer, also hit the daily limit down, with its business still in the early stages of commercialization [11] - Goldwind Technology faced a daily limit down after announcing a share reduction plan by a major shareholder [13] Investment Outlook - Financial institutions are generally optimistic about the A-share market for 2026, citing sustained investor confidence and a solid foundation for market recovery [15] - Key investment themes include AI, military industry, nuclear power, wind power, and energy storage, with a focus on traditional industries leveraging AI for transformation [15][16] - Long-term trends indicate a clear "transformation market" in China, with opportunities in emerging technologies and cyclical sectors [16]

Core Viewpoint - 康强电子's stock price has shown a positive trend with a year-to-date increase of 11.90%, indicating strong market performance and investor interest [1]. Group 1: Stock Performance - On January 15, 康强电子's stock rose by 2.11%, reaching 18.43 CNY per share, with a trading volume of 1.58 billion CNY and a turnover rate of 2.32%, resulting in a total market capitalization of 69.16 billion CNY [1]. - The stock has increased by 4.24% over the last five trading days, 17.31% over the last twenty days, and 0.22% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, 康强电子 reported a revenue of 1.564 billion CNY, reflecting a year-on-year growth of 5.16%, and a net profit attributable to shareholders of 96.4149 million CNY, which is a 21.40% increase compared to the previous year [2]. Group 3: Shareholder Information - As of September 30, 2025, 康强电子 had 68,100 shareholders, a decrease of 15.25% from the previous period, while the average number of shares held per shareholder increased by 18.00% to 5,510 shares [2]. - The company has distributed a total of 153 million CNY in dividends since its A-share listing, with 33.7756 million CNY distributed over the last three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest with 6.9695 million shares, marking its entry as a new shareholder [3].

Core Viewpoint - 康强电子's stock price has shown a positive trend in early January 2025, with a year-to-date increase of 9.84% and a market capitalization of 6.789 billion yuan [1]. Group 1: Stock Performance - On January 9, 康强电子's stock rose by 2.32%, reaching 18.09 yuan per share, with a trading volume of 313 million yuan and a turnover rate of 4.73% [1]. - The stock has increased by 9.84% in the last five trading days and 9.77% over the past 20 days, while it has slightly decreased by 0.22% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, 康强电子 reported a revenue of 1.564 billion yuan, reflecting a year-on-year growth of 5.16%, and a net profit attributable to shareholders of 96.4149 million yuan, which is a 21.40% increase year-on-year [2]. - The company has distributed a total of 153 million yuan in dividends since its A-share listing, with 33.7756 million yuan distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, 康强电子 had 68,100 shareholders, a decrease of 15.25% from the previous period, while the average number of circulating shares per person increased by 18.00% to 5,510 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest with 6.9695 million shares, marking its entry as a new shareholder [3].

2026 年第一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、本次股东会没有出现否决议案的情形。 2、本次股东会不涉及变更前次股东会决议。 一、会议召开情况和出席情况 证券代码：002119 证券简称：康强电子 公告编号：2026-001 宁波康强电子股份有限公司 （一）会议召开情况 1、会议召开时间： （1）现场会议召开时间为：2026 年 1 月 6 日下午 15:00 （2）网络投票时间为：通过深圳证券交易所交易系统进行网络投票的时间 为 2026 年 1 月 6 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进行网络投票的时间为 2026 年 1 月 6 日上午 9:15 至下午 15:00 期间的任意时间。 2、现场会议召开地点：公司 1 号会议室 3、会议方式：现场记名投票结合网络投票 4、召集人：公司董事会 5、会议主持人：副董事长郑芳女士 6、会议的召集、召开符合《公司法》、《股东会议事规则》、《股票上市规则》 及《公司章程》等有关规定 ...

致：宁波康强电子股份有限公司 北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 北京市康达律师事务所关于 宁波康强电子股份有限公司 2026 年第一次临时股东会的法律意见书 康达股会字【2026】第 0003 号 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司 股东会规则》（以下简称"《规则》"）、《宁波康强电子股份有限公司章程》 （以下简称"《公司章程》"）及宁波康强电子股份有限公司（以下简称"公司"） 与北京市康达律师事务所（以下简称"本所"）签订的《法律顾问协议》，本所 律师受聘出席公 ...

Core Viewpoint - The legal opinion confirms that Ningbo Kangqiang Electronics Co., Ltd. is qualified to implement its 2025 employee stock ownership plan, which complies with relevant laws and regulations [3][6][16]. Group 1: Company Qualifications - Kangqiang Electronics was established as a joint-stock company in accordance with the Company Law and is currently a publicly listed company [3][4]. - The company holds a valid business license with a registered capital of 375.284 million RMB and operates in the manufacturing and sales of semiconductor components [4][5]. - As of the date of the legal opinion, Kangqiang Electronics is in good standing and does not face any legal or regulatory issues that would prevent it from implementing the employee stock ownership plan [5][6]. Group 2: Legality and Compliance of the Employee Stock Ownership Plan - The employee stock ownership plan was approved by the company's board and complies with the principles of legality, voluntary participation, and risk-bearing by employees [6][7][10]. - The plan allows participation from certain company directors, senior management, and key technical personnel, ensuring that it adheres to the guidelines for employee stock ownership plans [7][10]. - The total number of shares involved in the plan does not exceed 616.52 million shares, representing 1.64% of the company's total equity, and complies with the stipulated limits on stock ownership plans [8][9]. Group 3: Legal Procedures and Disclosure - The company has conducted necessary procedures, including employee consultations and board approvals, in line with regulatory requirements [11][12]. - A shareholders' meeting will be convened to review the plan, with related shareholders required to abstain from voting, ensuring compliance with governance standards [13][14]. - The company has fulfilled its initial disclosure obligations regarding the employee stock ownership plan and will continue to provide updates as required by law [15][17].

康达法意字【2025】第0730号 二零二五年十二月 法律意见书 北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于宁波康强电子股份有限公司 2025 年员工持股计划的 法律意见书 康达法意字【2025】第第0730号 北京市康达律师事务所（以下简称"本所"）接受宁波康强电子股份有限 公司（以下简称"康强电子"或"公司"）的委托，担任公司2025年员工持股计 划（以下简称"本次员工持股计划"）的专项法律顾问，依据《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人 ...

Core Viewpoint - Ningbo Kangqiang Electronics Co., Ltd. has completed a share repurchase program, acquiring 6,022,200 shares, which represents 1.60% of the company's total share capital, in accordance with the approved plan [4][6]. Group 1: Share Repurchase Announcement - The company announced a share repurchase plan on October 9, 2025, with a total funding amount between RMB 60 million and RMB 100 million, and a maximum repurchase price of RMB 25 per share [1]. - The repurchase period is set for 12 months from the board's approval date [1]. Group 2: Implementation Details - As of December 25, 2025, the company has repurchased a total of 6,022,200 shares, with the highest transaction price at RMB 17.77 per share and the lowest at RMB 16.25 per share, totaling approximately RMB 99.99 million [4]. - The implementation of the repurchase plan aligns with the previously disclosed details, with no discrepancies noted [5]. Group 3: Impact on the Company - The company's financial condition remains stable, and the share repurchase is deemed beneficial for long-term interests without adversely affecting financial, operational, or developmental aspects [6]. - The repurchase does not alter the company's control or its status as a listed company [6]. Group 4: Compliance and Future Arrangements - The share repurchase adhered to relevant regulations, including timing and pricing requirements [8]. - The repurchased shares will be held in a dedicated account and will not confer voting rights or profit distribution rights during the holding period [9]. If not utilized for employee incentive plans within 36 months, the shares will be canceled [9].