Market Overview - The Shanghai Composite Index rose by 0.23% on June 5, with 12 industries experiencing gains, led by the communication and electronics sectors, which increased by 2.62% and 2.31% respectively [1] - The beauty and personal care, as well as textile and apparel industries, saw the largest declines, with decreases of 3.07% and 1.81% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 337 million yuan across the two markets, with 11 industries experiencing net inflows [1] - The electronics sector led the net inflow with 4.841 billion yuan, followed by the computer industry with a net inflow of 3.214 billion yuan [1] Electronics Sector Performance - The electronics industry rose by 2.31%, with a total net inflow of 4.841 billion yuan, and out of 461 stocks in this sector, 411 stocks increased in value, while 45 stocks declined [2] - Notable stocks with significant net inflows included Industrial Fulian with 712 million yuan, followed by Wolong Materials and Founder Technology with 414 million yuan and 407 million yuan respectively [2] Electronics Sector Outflow Analysis - The stocks with the highest net outflows in the electronics sector included Shangluo Electronics with a net outflow of 238 million yuan, followed by Shenghong Technology and Dongshan Precision with outflows of 172 million yuan and 128 million yuan respectively [3] - Other notable stocks with significant outflows included TCL Technology and Xuguang Electronics, with net outflows of 127 million yuan and 84 million yuan respectively [3]

Group 1 - The core viewpoint of the news is the performance and composition of the Zhongzheng Su-Xi-Chang Development Theme Index, which reflects the overall performance of high R&D investment and growth-oriented listed companies in the Su-Xi-Chang region [1][2] - The Zhongzheng Su-Xi-Chang Development Theme Index has increased by 1.84% in the past month, decreased by 3.93% in the past three months, and has declined by 1.51% year-to-date [1] - The index consists of 80 sample companies selected for their high R&D investment and growth potential, with a base date of December 31, 2014, set at 1000.0 points [1] Group 2 - The top ten weighted companies in the index are: WuXi AppTec (11.5%), Changdian Technology (4.2%), Huadian Co., Ltd. (3.81%), Suzhou Bank (3.61%), Dongshan Precision (3.56%), Hengli Hydraulic (3.28%), Dongwu Securities (2.92%), Hengtong Optic-Electric (2.72%), Tianfu Communication (2.49%), and Zhaosheng Micro (2.42%) [1] - The market segment distribution of the index holdings shows that the Shanghai Stock Exchange accounts for 57.38% and the Shenzhen Stock Exchange accounts for 42.62% [1] - The industry composition of the index includes: Information Technology (26.89%), Industrial (21.84%), Healthcare (15.98%), Financials (13.80%), Consumer Discretionary (7.44%), Communication Services (6.42%), Materials (4.59%), Real Estate (1.04%), Utilities (0.71%), Energy (0.70%), and Consumer Staples (0.58%) [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or spin-offs will be handled according to the calculation and maintenance guidelines [2]

截至6月3日收盘，同花顺果指数概念下跌0.41%，位居概念板块跌幅榜前列，板块内，闻泰科技、珠海 冠宇、鹏鼎控股等跌幅居前，股价上涨的有5只，涨幅居前的有东山精密、中石科技、歌尔股份等，分 别上涨1.03%、0.46%、0.14%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中韩自贸区 | 4.23 | 特钢概念 | -0.93 | | 细胞免疫治疗 | 3.87 | 医疗废物处理 | -0.51 | | 重组蛋白 | 3.64 | 同花顺果指数 | -0.41 | | 足球概念 | 3.56 | 无线充电 | -0.39 | | 毛发医疗 | 3.51 | 光热发电 | -0.33 | | CRO概念 | 3.41 | 深圳国企改革 | -0.24 | | 创新药 | 3.38 | F5G概念 | -0.23 | | 培育钻石 | 3.11 | 租售同权 | -0.22 | | 仿制药一致性评价 | 3.08 | 一体化压铸 | -0.21 | | 眼科医疗 | 3.08 | 硅能源 | -0.18 ...

Core Points - The company has completed the implementation of its stock issuance plan, adjusting the price from 11.24 CNY/share to 11.17 CNY/share and increasing the total number of shares to be issued from 124,911,031 shares to 125,693,822 shares [1][5] Group 1: Stock Issuance Details - The stock issuance plan has been approved by multiple board meetings and the annual general meeting, and has received regulatory approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2] - The adjusted issuance price of 11.17 CNY/share is based on the previous price of 11.24 CNY/share after accounting for a cash dividend of 0.07 CNY/share [4][5] - The total amount to be raised from this issuance is capped at 140,400 million CNY, with specific commitments from major shareholders for their respective subscription amounts [2][5] Group 2: Dividend Distribution - The company will distribute a cash dividend of 2.50 CNY per 10 shares, totaling approximately 118,795,180.63 CNY, with the record date set for May 26, 2025 [2][4] - The dividend distribution will not include stock dividends or capital reserve transfers, and adjustments will be made to the per-share distribution if there are changes in the total share capital before the record date [4]

证券代码：002384 证券简称：东山精密 公告编号：2025-035 苏州东山精密制造股份有限公司 关于调整向特定对象发行股票发行价格和发行数量的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、苏州东山精密制造股份有限公司（以下简称"公司"）2024 年度权益分 派方案已经实施完成，公司 2024 年度向特定对象发行 A 股股票价格由"11.24 元/股"调整为"11.17 元/股"，发行数量合计由"不超过 124,911,031 股（含 本数）"调整为"不超过 125,693,822 股（含本数）"。 2、除上述调整外，公司本次向特定对象发行的其他事项未发生变化。 一、本次向特定对象发行股票价格及数量调整依据 本次向特定对象发行股票的相关事项已经公司第六届董事会第七次会议、第 六届董事会第十五次会议、第六届董事会第十七次会议、2024年度第二次临时股 东大会、2025年度第一次临时股东会审议通过。本次向特定对象发行股票已获得 深圳证券交易所审核通过，并获得中国证监会同意注册批复。根据本次发行方案， 若公司股票在定价基准日至发行日期间发 ...

Industry Overview - Precision manufacturing utilizes advanced machinery and technology to produce high-precision and complex products, characterized by high accuracy, consistency, and reliability [1][2] - The industry chain consists of upstream raw materials and equipment supply, midstream precision processing and manufacturing, and downstream application fields including consumer electronics and smart vehicles [2][4] Global Market - The global precision component manufacturing market is projected to grow from $152.29 billion in 2022 to over $180 billion in 2024, with a forecast of reaching $198.66 billion by 2025 [1][4] - The precision structure components and modules market within consumer electronics is expected to reach $66.3 billion in 2024, growing by 5.07% year-on-year, and is anticipated to exceed $70 billion in 2025 [6][8] Domestic Market - The domestic precision manufacturing industry is expanding rapidly, driven by sectors such as semiconductors and new energy vehicles, with the precision instrument market projected to grow from ¥622.1 billion in 2020 to ¥898.8 billion in 2024 [10] - Increased competition is leading to market consolidation, with a focus on high-precision design and manufacturing capabilities [10] Competitive Landscape - The global precision manufacturing market is dominated by companies from developed countries like the USA, Japan, and Germany, known for their technological advancements and market share [12] - Chinese companies such as Luxshare Precision, Zhonghai Guangdian, and Dongshan Precision are increasing their market presence through enhanced R&D and product quality [12][14] Development Trends - The industry is accelerating its digital and intelligent transformation, utilizing technologies like AI, big data, and automation to optimize production processes and reduce costs [18] - Green manufacturing is becoming a key focus, with companies emphasizing energy conservation, resource recycling, and environmentally friendly materials [19] - The application of new materials and technologies, such as 3D printing and nanotechnology, is driving advancements in precision manufacturing, particularly in high-performance sectors like aerospace and medical devices [20]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 32.97 CNY based on a 21x PE valuation for 2025 [2][6][11]. Core Insights - The company is experiencing rapid growth in its new energy business, with a focus on a dual-driven strategy. In 2024, the new energy segment achieved revenue of 8.65 billion CNY, a year-on-year increase of 36.98%, accounting for 23.52% of total revenue [10]. - The PCB business remains a global leader, benefiting from increased industry demand. The company ranks second globally in FPC revenue and third in PCB revenue, with a projected compound annual growth rate of 4.8% for the global PCB industry from 2025 to 2029 [10]. - The company is advancing its globalization strategy by acquiring 100% of the French GMD Group, aiming to expand its presence in the European automotive sector [10]. Financial Forecast and Investment Recommendations - The company is projected to achieve earnings per share of 1.57 CNY, 2.15 CNY, and 2.71 CNY for the years 2025 to 2027, respectively. The previous estimates were adjusted primarily due to changes in revenue, gross margin, and expense ratios [2][11]. - Revenue forecasts for 2023 to 2027 are as follows: 33.65 billion CNY (2023), 36.77 billion CNY (2024), 42.35 billion CNY (2025), 49.27 billion CNY (2026), and 57.13 billion CNY (2027), with year-on-year growth rates of 7%, 9%, 15%, 16%, and 16% respectively [4][10].

2024 ESG Report of DSBJ 2024 ESG Report of DSBJ | | 4.4 Pollution Prevention and Ecosystem Protection 99 | | --- | --- | | 5. | Working Together for a Better Future Based on People Oriented Philosophy 108 | | | 5.1 Labor and Human Rights Management 108 | | | 5.2 Human Capital Development 122 | | | 5.3 Community Construction 145 | | | Appendix 148 | | | Appendix I: Key Performance Table 148 | | | Appendix II: Index of Indicators 156 | Suzhou Dongshan Precision Manufacturing Co., Ltd. 2024 Environmental, Soci ...

Core Viewpoint - The China Securities Index for Green Development in Suzhou has shown mixed performance, with a recent decline despite a slight increase over the past month, indicating potential volatility in the green finance sector [1][2] Group 1: Index Performance - The China Securities Index for Green Development in Suzhou opened lower, down 0.83% to 627.61 points, with a trading volume of 14.341 billion yuan [1] - Over the past month, the index has increased by 4.62%, but it has decreased by 5.40% over the last three months, and it has risen by 1.89% year-to-date [1] Group 2: Index Composition - The index is composed of the top 50 listed companies in Suzhou with the highest ESG scores, reflecting the overall performance of these companies [1] - The top ten weighted companies in the index include Dongshan Precision (10.94%), Huadian Co. (8.54%), and Hengtong Optic-Electric (8.17%) among others [1] - The market share of the index's holdings is 56.71% from the Shenzhen Stock Exchange and 43.29% from the Shanghai Stock Exchange [1] Group 3: Industry Breakdown - The industry composition of the index shows that Information Technology accounts for 33.23%, followed by Industrial at 30.20%, and Communication Services at 10.43% [2] - Other sectors include Healthcare (9.33%), Materials (6.97%), Consumer Discretionary (6.74%), Energy (2.07%), and Real Estate (1.03%) [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with provisions for temporary adjustments in special circumstances [2]

Summary of Key Points Core Viewpoint - As of May 20, the total market financing balance reached 1.80 trillion yuan, reflecting a slight increase from the previous trading day, with notable activity in various sectors and individual stocks [1]. Financing Balances - The financing balance for the Shanghai Stock Exchange was 909.60 billion yuan, a decrease of 54.97 million yuan from the previous day - The Shenzhen Stock Exchange saw an increase in financing balance to 885.61 billion yuan, up by 2.24 billion yuan - The Beijing Stock Exchange's financing balance rose to 5.53 billion yuan, an increase of 101 million yuan [1]. Individual Stock Activity - On May 20, 1,890 stocks experienced net financing inflows, with 342 stocks having net inflows exceeding 10 million yuan - The top three stocks by net financing inflow were: - Liyang Chip: 186 million yuan - Dongshan Precision: 177 million yuan - BYD: 149 million yuan - Other notable stocks included Dongfang Caifu, Industrial Bank, and O-film [1][2]. Sector Analysis - The sectors with the highest concentration of stocks receiving net financing inflows over 50 million yuan included: - Automotive: 8 stocks - Electronics: 5 stocks - Machinery Equipment: 4 stocks - The distribution of significant net inflow stocks was primarily in the main board (25 stocks), followed by the ChiNext (8 stocks) and the Sci-Tech Innovation Board (1 stock) [1]. Financing Balance Proportions - The average financing balance as a percentage of the circulating market value was 4.22% - The stock with the highest financing balance proportion was Guokewi, with a financing balance of 1.61 billion yuan, accounting for 9.59% of its circulating market value - Other stocks with high financing balance proportions included Dongshan Precision and Zhenjiang Shares, both at 8.77%, and Jianghuai Automobile at 7.99% [2].