Core Viewpoint - The company, Shunluo Electronics, emphasizes its strong position in the passive electronic components industry, highlighting its competitive product technology and long-term relationships with major global clients [1] Company Overview - Shunluo Electronics has been focused on its core business since its establishment 25 years ago, accumulating a significant client base of leading global companies [1] - The company has established a strategy centered on major clients, which includes partnerships with benchmark enterprises across key industries [1] Market Expansion - The company is actively expanding its overseas client base in sectors such as mobile communications, automotive electronics, and AI servers [1] - There is a strong emphasis on developing new markets and securing relationships with relevant major clients as part of its ongoing strategy [1]

Group 1 - On September 25, a total of 28 companies were investigated by institutions, with 20 of them being surveyed by funds, indicating a strong interest in these companies [1] - Among the companies surveyed, Blue Science High-tech (601798) attracted the most attention, with 10 funds participating in the investigation, while Changhua Chemical (301518) and Huaxia Eye Hospital (301267) each had 6 funds involved [1] - The surveyed companies are distributed across various sectors, with the machinery and equipment sector having the highest representation, featuring 5 companies, followed by non-ferrous metals and pharmaceutical biology, each with 3 companies [1] Group 2 - In terms of market performance, 6 out of the surveyed stocks increased in value over the past 5 days, with the highest gains seen in Boyuan Co., Ltd. (301617) at 6.81%, followed by Shunluo Electronics (002138) at 6.77% and Pulaide (301353) at 5.20% [2] - Conversely, 14 stocks experienced declines, with the largest drop recorded by Innovation Medical (002173) at 10.39%, followed by Yinstar (301622) at 5.23% and Helen Zhe (300201) at 4.65% [2] - The total market capitalization of the surveyed companies includes 13 companies with a market value of less than 10 billion yuan, such as Pulaide (301353), Ouma Software (301185), and Lianjian Technology (301115) [1]

Group 1 - The company Shunluo Electronics announced that it will accept investor research on September 24-25, 2025, with participation from the board secretary Ren Yi and other representatives to answer investor questions [1] Group 2 - After bankruptcy restructuring, the beverage company Huiyuan is facing significant challenges, including intense conflict between the new CEO and the old management team, delayed employee salaries, and empty online stores [1]

Group 1: Order and Production Status - The company currently has a full order book, with the third quarter being a traditional peak season and maintaining a high capacity utilization rate [2] - AI server-related orders are robust, and the business is experiencing rapid growth [3] Group 2: AI Server Product Applications - The company focuses on small size, high precision, and high power density technology advantages for AI server applications, providing a complete set of product solutions from primary to tertiary power supplies [3] - The company customizes various supporting products for AI server applications based on its strong design capabilities and high reliability [3] Group 3: Automotive Electronics - Automotive electronics is a key strategic development area, with products covering electric drive systems, intelligent driving, and smart cockpit applications [4] - The product line includes various transformers, power inductors, and ceramic products, which have gained recognition from major industry clients [4] Group 4: Tantalum Capacitor Products - The company has developed a new series of tantalum capacitors suitable for communications, consumer electronics, data centers, and automotive electronics, meeting high-temperature and high-voltage stability requirements [4] - The tantalum capacitor products are expected to continue to grow positively in the future [4] Group 5: Gross Margin Performance - The company has maintained a competitive average gross margin since its listing, driven by continuous R&D investment and management innovation [5] - Increased orders and improved capacity utilization have significantly supported stable and high-quality gross margin levels [5] - The company is transitioning from a "product provider" to a "value creator," which is expected to keep gross margin levels stable [5] Group 6: Overseas Client Expansion - The company has established long-term cooperative relationships with major global clients and is actively expanding overseas markets in mobile communications, automotive electronics, and AI servers [5] Group 7: Capital Expenditure Planning - The company operates in a capital-intensive industry with ongoing expansion needs and high funding requirements [5] - R&D investment remains a priority, with a long-term growth trend in R&D spending [5] - Future capital expenditures will focus on industrial park infrastructure, with a slowdown expected as recent projects are completed [5]

Market Overview - On September 25, the component sector declined by 1.11%, with Jingsai Technology leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Notable gainers in the component sector included: - Fala Electronics (Code: 600563) with a closing price of 125.08, up 4.50% and a trading volume of 66,500 shares, totaling 822 million yuan [1] - Zhongfu Circuit (Code: 300814) with a closing price of 53.09, up 3.75% and a trading volume of 157,000 shares, totaling 825 million yuan [1] - Major decliners included: - Jingsai Technology (Code: 871981) with a closing price of 39.02, down 5.25% and a trading volume of 30,300 shares, totaling 120 million yuan [2] - Jingwang Electronics (Code: 603228) with a closing price of 67.80, down 3.61% and a trading volume of 372,500 shares, totaling 2537 million yuan [2] Capital Flow - The component sector experienced a net outflow of 2.997 billion yuan from institutional investors, while retail investors saw a net inflow of 2.282 billion yuan [2] - Notable capital flows included: - Shunluo Electronics (Code: 002138) with a net inflow of 12.6 million yuan from institutional investors, but a net outflow of 14 million yuan from retail investors [3] - Shiyun Circuit (Code: 603920) with a net inflow of 12.5 million yuan from institutional investors, but a net outflow of 16.3 million yuan from retail investors [3]

Core Viewpoint - The company has products that can be applied in storage-related fields, specifically power inductors and tantalum capacitors used in power management modules [1] Group 1 - The company confirmed that its products, including power inductors and tantalum capacitors, are applicable in storage areas [1]

Core Viewpoint - The company, Shunluo Electronics (002138.SZ), has stated on its interactive platform that it currently does not have any piezoelectric ceramic products [1] Company Summary - Shunluo Electronics has confirmed the absence of piezoelectric ceramic products in its current offerings [1]

Core Viewpoint - The company, Shunluo Electronics (002138.SZ), is identified as a supplier for Xiaomi Group [1] Group 1 - Shunluo Electronics is actively engaged in the supply chain of Xiaomi Group, indicating a strategic partnership [1]

Core Viewpoint - The company, Shunluo Electronics (002138.SZ), has stated that it currently does not have any piezoelectric ceramic products available [1] Group 1 - The company has communicated with investors through an interactive platform [1]

Core Viewpoint - The company is expanding its presence in the energy storage sector by focusing on micro-inverters and high-temperature fuel cells (SOFC) [1] Group 1 - The company is actively engaging in the energy storage field [1] - The two main directions of the company's strategy are micro-inverters and high-temperature fuel cells [1]