Core Viewpoint - The announcement indicates that shareholders Hengshuntong and President Shi Hongyang have released a portion of their pledged shares, totaling 8.81 million shares, which represents 1.09% of the company's total equity. This release is not expected to have a substantial impact on the company [1]. Summary by Relevant Sections - **Shareholder Actions** - Hengshuntong released 4.2 million shares and 2.5 million shares, while Shi Hongyang released 806,300 shares, 200,000 shares, and 1.1 million shares, totaling 8.81 million shares released [1]. - **Ownership Structure** - After the release of the pledged shares, Hengshuntong, Shi Hongyang, and their concerted actions hold a total of 92.87 million shares, accounting for 11.52% of the total shares [1]. - **Pledged Shares Status** - Following the release, the total pledged shares amount to 30.74 million shares, which is 3.81% of the total equity [1].

股票代码：002138 股票简称：顺络电子 编号：2025-092 深圳顺络电子股份有限公司 关于股东部分股份解除质押的公告 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。 | 股东名称 | 是否为控股 股东或第一 | 本次解除质押 | 占其所持股 | 占公司总股 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 大股东及其 | 股份数量（股） | 份比例 | 本比例 | | | | | | 一致行动人 | | | | | | | | 恒顺通 | 是 | 4,200,000 | 7.57% | 0.52% | 年 月 2024 12 | 2025年 11月 24 | 深圳市高新投集团有 | | | | | | | 日 17 | 日 | 限公司 | | 恒顺通 | 是 | 2,500,000 | 4.50% | 0.31% | 2024 年 12 月 | 2025年 11月 24 | 深圳市高新投集团有 | | | | | | | 17 日 | 日 | 限公司 | ...

截至发稿，罗文杰累计任职时间12年221天，现任基金资产总规模1704.45亿元，任职期间最佳基金回报 145.85%， 任职期间最差基金回报-47.6%。 11月25日，顺络电子涨5.31%，截至发稿，报36.08元/股，成交4.31亿元，换手率1.61%，总市值290.92 亿元。 资料显示，深圳顺络电子股份有限公司位于广东省深圳市龙华区观澜街道大富苑工业区顺络观澜工业 园，成立日期2000年9月8日，上市日期2007年6月13日，公司主营业务涉及片式电感器和片式压敏电阻 器等新型电子元器件的研发、生产和销售。主营业务收入构成为：片式电子元件99.13%，其他0.87%。 从顺络电子十大流通股东角度 数据显示，南方基金旗下1只基金位居顺络电子十大流通股东。南方中证500ETF（510500）三季度减持 19.53万股，持有股数1174.67万股，占流通股的比例为1.55%。根据测算，今日浮盈赚取约2137.91万 元。 南方中证500ETF（510500）成立日期2013年2月6日，最新规模1400.98亿。今年以来收益21.84%，同类 排名1924/4206；近一年收益21.27%，同类排名2002/ ...

证券日报网讯 顺络电子11月24日发布公告，在公司回答调研者提问时表示，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 新、工艺创新、设备创新、提高技术水平及管理水平来实现生产效率的提升，且公司参与核心大客户的 早期研发设计阶段，自动化程度高、工艺技术和制程不断改进和创新，较大程度上保障了公司的毛利率 水平。 （编辑 袁冠琳） ...

Core Viewpoint - The company, Shunluo Electronics, has been engaged in the precision ceramics field for many years, focusing on high-performance ceramic materials and products, with applications in various industries including solid oxide batteries, smart wearables, consumer electronics, new energy, and medical sectors [1] Group 1: Company Overview - Shunluo Electronics has developed a range of products including structural ceramics and electronic ceramics, emphasizing platform-based research and customized products [1] - The company has made significant investments in ceramic powder technology, accumulating extensive expertise in the development of platform-based ceramic products, new material applications, and manufacturing processes [1] Group 2: Market Applications - The primary application markets for the company's products include solid oxide batteries (SOC), which encompass both SOFC and SOEC technologies, as well as smart wearables, consumer electronics, new energy, and medical fields [1] - The company has established advanced and complete processes for powder preparation and product processing, along with production lines [1] Group 3: Strategic Partnerships - Through its subsidiary, Xinbai Ceramics, the company has partnered with Zhen Tai Energy to form Bai Tai Company, which will focus on the research and development of core technologies for new high-temperature fuel cells, as well as the production and sales of related products [1]

Core Viewpoint - The company is strategically positioning itself in the emerging AI server market, focusing on high-precision and high-power density technologies to provide comprehensive power supply solutions for data centers [2] Group 1: AI Server Market Strategy - The company identifies AI servers as a key strategic market and aims to supply a complete set of products from primary to tertiary power sources for various xPU chips, network cards, memory, and SSDs [2] - The domestic computing power clients are crucial to the company's data center business, which has seen steady growth throughout the year due to the rapid application of domestic large models [2] Group 2: Customer Base and Demand - The demand for modular inductive solutions in the xPU power supply segment is rapidly increasing from overseas heavyweight clients, further solidifying the foundation for the company's growth in the data center market [2] - The company has established a comprehensive client base that includes leading domestic server manufacturers and top overseas power semiconductor module manufacturers, with a full order book for AI server-related products [2]

Core Points - The stock price of Shunluo Electronics increased by 2.01% on November 24, reaching 34.50 CNY per share, with a total market capitalization of 27.818 billion CNY [1] - The company reported a year-to-date stock price increase of 11.68%, but a decline of 0.86% over the last five trading days and 17.86% over the last twenty days [1] - Shunluo Electronics specializes in the research, production, and sales of chip inductors and chip varistors, with 99.13% of its revenue coming from these electronic components [1][2] Financial Performance - For the period from January to September 2025, Shunluo Electronics achieved a revenue of 5.032 billion CNY, representing a year-on-year growth of 19.95%, and a net profit attributable to shareholders of 769 million CNY, up 23.23% year-on-year [2] - The company has distributed a total of 2.32 billion CNY in dividends since its A-share listing, with 869 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 16.79% to 46,000, while the average number of tradable shares per person decreased by 14.38% to 16,456 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 45.1919 million shares, and other significant shareholders have seen reductions in their holdings [3]

Core Viewpoint - Shunluo Electronics (002138) has reported significant improvements in performance and pricing of TLVR inductors compared to non-TLVR AI inductors, indicating a strong future demand for TLVR products in AI servers [1] Group 1: Product Performance - The performance and unit price of TLVR inductor products have significantly improved compared to non-TLVR types [1] - The increase in TLVR product usage is expected to substantially enhance the value of magnetic components in AI servers [1] Group 2: Market Position and Strategy - Shunluo has proactively positioned itself in the TLVR inductor market, staying ahead of industry trends [1] - The company has already begun bulk supply of TLVR products to customers, indicating readiness to meet growing demand [1] Group 3: Future Outlook - The data center business is anticipated to enter a rapid growth phase in the coming years, driven by the rising demand for TLVR products [1]

Core Viewpoint - The company is strategically positioning itself in the emerging market of AI servers, leveraging its technological advantages to provide comprehensive product solutions for clients [1] Group 1: Company Strategy - The company emphasizes its focus on AI servers (data centers) as a key area of strategic development [1] - It offers a complete range of product solutions from primary power supply to tertiary power supply, showcasing its technological strengths in miniaturization, high precision, and high power density [1] Group 2: Market Development - Domestic business with computing power clients is steadily growing on a quarterly basis [1] - There is a rapid increase in demand from overseas heavyweight clients for modular inductors related to ASIC chips, CPUs, and GPUs [1] Group 3: Business Performance - The company has established coverage with leading domestic server manufacturers and top overseas power semiconductor module manufacturers [1] - Orders related to AI servers are robust, leading to rapid business growth, particularly in overseas markets [1]

Group 1 - The core viewpoint of the article highlights that Shunluo Electronics (SZ 002138) announced an investor research meeting scheduled for November 21, 2025, where the company’s board secretary and securities representative 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 2 - The article also mentions a significant event involving Dapeng Industrial, where the strategic placement of shares at a subscription price of 9 yuan saw a dramatic increase to 118 yuan on the first day of listing, resulting in a paper profit of 24.92 million yuan for the actual controller and his brother [1]