证券代码：002138 证券简称：顺络电子 深圳顺络电子股份有限公司投资者关系活动记录表 | 汽车电子领域：随着电动汽车的发展趋势和高级辅助驾 | | --- | | 驶系统的应员对汽车电子提出了更高可靠性、稳定性的要 | | 求，而公司钽电容产品的高可靠性、小尺寸、高容值、高使 | | 用寿命的优势，满足了车规级应用的要求。 | | 公司创新的设计和封装，将钽电容的发展提升到了一个 | | 新的水平。目前公司的钽电容产品已为客户配套供应产品 | | 线，未来发展趋势持续向好。 | | 4、请问公司受原材料价格波动的影响情况？ | | 回答： | | 贵重金属在原材料成本中的占比较小，且随着电子元器 | | 件向"轻、薄、短、小"趋势发展，单位产品的原材料耗用 | | 量越来越少，原材料单位成本占比也越来越小，对公司生产 | | 成本的影响十分有限，从财务指标上看，原材料成本对毛利 | | 率的影响越来越小。 | | 公司通过与供应链长期合作，尤其是一路一同成长的国 | | 产供应链体系，可以相对实现平抑由于原材料价格高波动的 | | 带来的影响，拥有优秀的供应链管理能力；同时公司通过不 | | 断进行技术创 ...

Group 1: Company Performance and Market Position - The company has achieved a compound annual growth rate (CAGR) of approximately 24% since its listing, indicating strong growth in the high-end electronic components sector [6] - The company has a solid market position, competing with international giants like Murata and TDK, and has established a significant presence in emerging markets such as automotive electronics and AI servers [6] - The company’s AI server-related orders are robust, with rapid growth observed, particularly in overseas markets [2] Group 2: Product Development and Innovation - The company has developed a new series of tantalum capacitors with unique designs and automated production lines, enhancing product quality and consistency [2] - The new tantalum capacitors are positioned for various applications, including consumer electronics, AI data centers, automotive electronics, and eSSD, reflecting a broad market potential [5] - The company has successfully launched AI inductive products using multiple manufacturing processes, catering to leading domestic and international server manufacturers [6] Group 3: Investor Relations and Market Perception - Recent stock price declines have raised concerns among investors, despite the company’s strong operational performance and order volume [5] - The management acknowledges the need to better communicate the company's value to investors, as current market valuations do not reflect its performance [7] - The company has implemented employee stock ownership plans and has conducted share buybacks to enhance shareholder returns, alongside increasing dividend payouts [7] Group 4: Legal and Competitive Challenges - The company is facing legal challenges from a Japanese firm, which may impact customer confidence and order decisions; however, management maintains that operations are normal and communication with clients is ongoing [3] - The company emphasizes its commitment to intellectual property and has a dedicated team to manage these aspects, ensuring that external factors do not disrupt its strategic goals [4]

Group 1 - The company, Shunluo Electronics, announced on November 19 that its products belong to the electronic components sector and have consistently focused on core business development since its establishment [2] - The technical level of the company's inductive products is on par with globally renowned electronic component manufacturers, indicating a strong competitive edge [2] - The company has a globally leading customer base, focusing on a major customer strategy that includes long-term partnerships with benchmark enterprises across key industries [2] Group 2 - The pricing of the company's core products generally follows market trends, suggesting adaptability to market conditions [2]

Core Viewpoint - The company, Shunluo Electronics, reported a steady growth in its consumer electronics business, driven by an increase in new product share and overall market share, supported by a recovering industry environment [2] Company Overview - Shunluo Electronics has a strong market position and high product market share in the consumer electronics sector [2] - The company maintains deep strategic partnerships with numerous core consumer electronics enterprises both domestically and internationally [2] Industry Insights - The consumer electronics sector is experiencing a recovery in industry sentiment, which is expected to positively impact the company's performance [2] - The company anticipates maintaining a business growth level that exceeds the overall industry growth rate in the consumer electronics field [2]

Core Viewpoint - The company has made significant investments in infrastructure projects, including three industrial parks and a research center, and plans to slow down future investments in this area while maintaining high levels of R&D spending [2] Group 1: Infrastructure Development - The Dongguan Phoenix Industrial Park's smart park has completed its third phase, with some production lines already operational [2] - The Xiangtan ceramic powder industrial park has been completed and is now in production [2] - The Shanghai Songjiang Industrial Park has been completed, with some production lines gradually starting operations [2] - The Shenzhen research center has also been completed [2] Group 2: Future Investment Strategy - The company plans to significantly reduce its capital expenditures compared to the previous phase of infrastructure development [2] - Future investments will focus on emerging markets and new product capacity, which will continue to be supported [2] - R&D investments will remain at a high level, with specific capital allocation to be adjusted according to market demand [2]

Group 1 - The core point of the article is that Shunluo Electronics (SZ 002138) announced an investor research meeting scheduled for November 17-18, 2025, where company representatives will address investor inquiries [1] - For the first half of 2025, Shunluo Electronics reported that its revenue composition is entirely from the electronic components industry, with a 100.0% share [1]

Group 1: Business Performance - The consumer electronics business is a traditional sector for the company, maintaining a strong market position and high product market share, with strategic partnerships with major domestic and international clients [2][3] - The company is experiencing steady growth in the consumer electronics sector, driven by rapid increases in new product shares and overall market share, supported by a recovering industry environment [2][3] Group 2: AI Data Center Development - The AI data center is a key strategic market for the company, focusing on miniaturization, high precision, and high power density technology advantages [3] - The company provides a comprehensive solution for AI server clients, covering various power supply needs, and has secured a full order book with rapid growth in related business, particularly in overseas markets [3] Group 3: Tantalum Capacitor Product Layout - The company has invested in the tantalum capacitor field for years, developing new series products that can be widely applied in communications, consumer electronics, AI data centers, automotive electronics, and industrial control [3][4] - New tantalum capacitor products have gained recognition from major clients due to their thin profile and low ESR values, aligning with trends in high-end consumer electronics [3] - The company’s tantalum capacitors meet the high reliability and stability requirements of automotive electronics, particularly in electric vehicles and advanced driver-assistance systems [3] Group 4: Pricing and Capital Expenditure - The pricing of the company's electronic components generally follows market trends, with a focus on maintaining core competitiveness and long-term partnerships with major global clients [4] - Recent infrastructure projects include three industrial parks and a research center, with significant progress in construction and production ramp-up, while future capital expenditures will focus on emerging markets and new product capacity [4]

Group 1 - The core viewpoint is that the company's automotive electronics business has maintained a high growth rate this year, indicating a strong performance in an emerging strategic market [2] - The company is optimistic about the automotive electronics market and is focusing on deepening customer cooperation both in breadth and depth [2] - The company is continuously launching competitive products in line with the trend of intelligence in the automotive sector [2]

Core Viewpoint - The company is experiencing a slowdown in growth rates for its ceramic and PCB segments, while maintaining a strong growth trajectory in the automotive electronics sector, driven by strategic market positioning and product innovation [1]. Group 1: Automotive Electronics - The company's automotive electronics business continues to show high growth, being a key emerging strategic market [1]. - The company is optimistic about the automotive electronics market, focusing on deepening customer collaborations and launching competitive products in line with the trend of smart technology [1]. Group 2: Ceramic Business - The ceramic business primarily serves the consumer electronics and smart wearable sectors, which exhibit significant seasonal fluctuations due to their custom nature [1]. - The company has over a decade of experience in precision ceramics, with advanced material preparation and processing technologies, and is optimistic about the future of its ceramic products as new applications are developed [1]. Group 3: PCB Business - The PCB business is focused on high-density, modular, and miniaturized manufacturing processes, catering to consumer and IoT markets [1]. - Currently, the PCB production capacity is small, and there are no plans for further expansion at this time [1].

股票代码：002138 股票简称：顺络电子 编号：2025-091 深圳顺络电子股份有限公司 关于股东部分股份质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳顺络电子股份有限公司（以下简称"公司"）于近日接到公司股东新余市 恒顺通电子科技开发有限公司（以下简称"恒顺通"）通知，获悉恒顺通将持有本 公司部分股份办理质押业务，现将有关事项公告如下： 上述质押股份未负担重大资产重组等业绩补偿义务。 二、股东股份累计质押情况 截至公告披露日，恒顺通及其一致行动人所持质押股份情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次质押 | 本次质押 | 占其所 | 占公司 | 情况 | | 情况 | | | | 持股数量 | 持股比 | 前的质押 | 后的质押 | | | | | 未质押股 | | | 股东名称 | (股) | 例 | 股份数量 | 股份数量 | 持股份 | ...