Group 1 - The Tonghuashun Fruit Index concept has declined by 5.68%, ranking among the top declines in concept sectors, with stocks like Dongshan Precision, Lingyi Technology, and Saiteng Co., Ltd. hitting the daily limit down [1] - Major stocks in the Tonghuashun Fruit Index that experienced significant declines include Lixun Precision (-9.03%), Industrial Fulian (-9.97%), and Lingyi Technology (-10.00%) [2] - The net outflow of main funds from the Tonghuashun Fruit Index concept reached 3.433 billion yuan, with Lixun Precision leading the outflow at 1.118 billion yuan [2] Group 2 - The top-performing concept sectors today include corn (+11.74%), genetically modified (+11.27%), and grain concepts (+9.70%), while the Tonghuashun Fruit Index is among the worst performers [2] - The trading volume for Lixun Precision was 3.90%, with a significant net outflow of 1.1178611 million yuan [2] - The A50 ETF, which tracks the MSCI China A50 Connect Index, has seen a decline of 6.90% over the past five days, with a net inflow of 8.15 million yuan [4]

证券代码：002384 证券简称：东山精密 公告编号：2025-010 一、提议人的基本情况及提议时间 （一）提议人：公司董事长袁永刚先生 苏州东山精密制造股份有限公司 关于收到实际控制人之一、董事长提议回购公司股份的提示性公告 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。 苏州东山精密制造股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 8 日收到公司实际控制人之一、董事长袁永刚先生（以下简称"提议人"）《关 于提议苏州东山精密制造股份有限公司回购公司股份的函》，袁永刚先生提议公 司以自筹资金或其他合法资金通过深圳证券交易所交易系统以集中竞价交易方 式回购公司已发行的部分人民币普通股（A 股）股票。具体内容如下： （二）提议时间：2025 年 4 月 8 日 二、提议回购股份的原因和目的 上述事项具体以董事会审议通过的回购股份方案为准。 四、提议人在提议前六个月内买卖本公司股份的情况 基于对公司未来持续发展的信心及对公司价值的认可，为了维护广大投资者 利益，增强投资者对公司的投资信心，公司董事长袁永刚先生提议公司以自筹资 金或其他合法资金，通 ...

东山精密(002384.SZ)公告称，公司董事会于2025年4月8日收到公司实际控制人之一、董事长袁永刚的 提议，建议公司以自筹资金或其他合法资金，通过深圳证券交易所交易系统以集中竞价交易方式 回购 公司已发行的部分人民币普通股（A股）股票，回购金额在1亿元至2亿元之间，用于员工持股计划或 股 权激励。回购价格上限不高于董事会审议通过回购股份方案决议前30个交易日公司股票交易均价的 150%。回购期限自董事会审议通过回购股份方案之日起12个月内。 ...

Core Viewpoint - The A-share market showed a strong performance on April 8, with major indices closing in the green, indicating a positive market sentiment driven by significant policy support from government entities [1][2]. Market Performance - The Shanghai Composite Index closed at 3145.55 points, up 1.58% - The Shenzhen Component Index closed at 9424.68 points, up 0.64% - The ChiNext Index closed at 1840.31 points, up 1.83% - Total trading volume in the Shanghai and Shenzhen markets exceeded 1.6 trillion yuan, with over 3200 stocks recording gains [1][2]. Sector Performance - Agricultural stocks surged, with companies like Qiule Seed Industry and Hualu Biology hitting the daily limit - Retail stocks continued their upward trend, with Kid King and Guofang Group also reaching the daily limit - State-owned enterprises and technology innovation stocks were active, with companies like COFCO Technology and Sinotrans both hitting the daily limit - The fruit supply chain sector experienced a collective adjustment, with companies like Luxshare Precision and Dongshan Precision hitting the daily limit - The automotive industry chain saw a decline, with companies like Jinbei Automobile and Asia-Pacific Shares collectively hitting the daily limit [4][5]. Policy Support - On April 8, the Central Huijin, the People's Bank of China, and the National Financial Regulatory Administration collectively announced measures to support the capital market, emphasizing their role as a "national team" [7][10]. - The National Financial Regulatory Administration optimized policies for insurance funds entering the market, increasing the allocation ratio for equity assets, which could potentially bring in an additional 1.66 trillion yuan in market funds [8][10]. - State-owned asset management platforms like China Chengtong and China Guoxin announced significant purchases of central enterprise and technology innovation stocks, creating a strong market support coalition [9][10]. Market Outlook - Analysts believe that the recent policy actions are crucial for maintaining market liquidity and fostering a positive feedback loop for microeconomic entities [10][11]. - The overall valuation of A-shares is considered attractive, with a focus on core assets, as the market is expected to stabilize despite short-term fluctuations [11][15]. - The government is likely to implement further fiscal policies aimed at expanding domestic demand and promoting consumption, with potential measures including accelerated issuance of special bonds and increased subsidies [25][26].

Group 1 - The Tonghuashun Fruit Index concept fell by 6.26%, ranking among the top declines in the concept sector, with stocks like Dongshan Precision, GoerTek, and Pengding Holdings hitting the daily limit down [1][2] - Major outflows of capital from the Tonghuashun Fruit Index concept amounted to 5.13 billion yuan, with 18 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Luxshare Precision, with a net outflow of 1.11 billion yuan, followed by GoerTek, Changying Precision, and Dongshan Precision with net outflows of 1.05 billion yuan, 494 million yuan, and 460 million yuan respectively [2] Group 2 - The top gainers in the concept sector included the China-Korea Free Trade Zone, which rose by 5.66%, while the AI PC concept fell by 3.53% [2] - Among the stocks with significant capital inflows, Zhongshi Technology and Lante Optics saw net inflows of 51.18 million yuan and 22.30 million yuan respectively [2] - The performance of the A50 ETF, which tracks the MSCI China A50 Connect Index, showed a decline of 2.15% over the past five days, with a net outflow of 4.36 million yuan [4]

中证500动态指数报3641.62点，前十大权重包含东 山精密等 从指数持仓来看，中证500动态指数十大权重分别为：光启技术（1.47%）、江淮汽车（1.43%）、胜宏 科技（1.28%）、东山精密（1.11%）、华工科技（1.05%）、润和软件（1.03%）、四川长虹 （1.0%）、赤峰黄金（0.87%）、格林美（0.86%）、中控技术（0.85%）。 从中证500动态指数持仓的市场板块来看，深圳证券交易所占比51.82%、上海证券交易所占比48.18%。 从中证500动态指数持仓样本的行业来看，信息技术占比25.54%、工业占比23.82%、原材料占比 11.34%、可选消费占比9.28%、医药卫生占比8.51%、金融占比8.33%、通信服务占比6.20%、主要消费 占比2.27%、房地产占比2.12%、能源占比1.91%、公用事业占比0.68%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。每次调整的样本比例一般不超过30%。权重因子随样本定期调整而调整，调整时间与指数样本 定期调整实施时间相同。在下一个定期调整日前，权重因子一般固定不变。特殊情 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 39.90 RMB [6][4]. Core Views - The company is expected to benefit from new products from major North American clients, which may lead to a revaluation of its stock. The target PE for 2025 has been raised to 25.0x due to increased market risk appetite for technology stocks [1][4]. - The company's mobile phone flexible circuit board business is anticipated to be the main source of profit growth in 2025, while the precision components segment is expected to see improved profitability as new factories come online [2][4]. - Long-term growth opportunities are identified in the North American market, particularly with the anticipated launch of foldable phones and AI glasses by major clients [3][4]. Summary by Sections Short-term Outlook - The flexible circuit board business is projected to be the primary driver of profit growth in 2025, supported by new low-cost models and upgrades from North American clients [2]. - The LED display segment is expected to continue facing demand pressures, with limited chances for profit recovery in 2025 [2]. - The precision components segment is forecasted to improve profitability as new factories in Yancheng, Mexico, and Kunshan start generating profits in the second half of 2024 [2]. Medium to Long-term Outlook - The company is positioned to capture new growth opportunities with the expected launch of foldable phones and AI glasses by a major North American client, which could significantly expand the flexible circuit board market [3]. - As a core supplier for another major client in the automotive sector, the company is well-placed to meet the growing demand for components related to robotics and battery structures [3]. Financial Projections - The company’s projected revenues for 2024, 2025, and 2026 are 37.83 billion RMB, 45.11 billion RMB, and 51.26 billion RMB, respectively, reflecting growth rates of 12.41%, 19.25%, and 13.64% [5][12]. - The net profit attributable to the parent company is forecasted to be 1.63 billion RMB in 2024, 2.72 billion RMB in 2025, and 3.64 billion RMB in 2026, with significant growth expected in 2025 [5][12]. - The report highlights an increase in the target PE ratio to 25.0x for 2025, up from a previous estimate of 18.9x, reflecting the company's competitive positioning and growth prospects [4][12].

股票简称：东山精密 股票代码：002384 苏州东山精密制造股份有限公司 Suzhou Dongshan Precision Manufacturing Co., Ltd. （苏州吴中区经济开发区善丰路 288 号） 向特定对象发行 A 股股票之募集说明书 （注册稿） 保荐人（主承销商） （上海市广东路689号） 二〇二五年三月 声 明 本公司及全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假 记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性承担相应的法律 责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，本次证券依法发行后，发行人经营与收益的变化， 由发行人自行负责。 投资者自主判断发行人的投资价值，自主作出投资决策，自行承担证券依法 发行后因发行人经营与收益变化或者证券价格变动引致的投 ...

证券代码：002384 证券简称：东山精密 公告编号：2025-008 苏州东山精密制造股份有限公司 关于申请向特定对象发行股票募集说明书等申请文件提交注册稿的 提示性公告 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。 2025 年 3 月 17 日 根据项目实际进展以及相关审核要求，公司会同相关中介机构对申请文件内 容进行了更新和修订，具体内容详见公司同日在巨潮资讯网披露的《苏州东山精 密制造股份有限公司向特定对象发行 A 股股票募集说明书（注册稿）》等相关文 件。 公司本次向特定对象发行股票事项尚需获得中国证券监督管理委员会（以下 简称"中国证监会"）作出同意注册的决定后方可实施，最终能否获得中国证监 会作出同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情况 及时履行信息披露义务，敬请广大投资者谨慎决策，注意投资风险。 特此公告。 苏州东山精密制造股份有限公司董事会 苏州东山精密制造股份有限公司（以下简称"公司"）向特定对象发行股票 的申请已于 2025 年 3 月 10 日获得深圳证券交易所上市审核中心审核通过，详见 公司于 2025 年 ...

海通证券股份有限公司 声 明 本保荐人及其保荐代表人已根据《中华人民共和国公司法》（以下简称《公 司法》）、《中华人民共和国证券法》等法律法规和中国证券监督管理委员会（以 下简称"中国证监会"）及深圳证券交易所的有关规定，诚实守信，勤勉尽责， 严格按照依法制定的业务规则和行业自律规范出具上市保荐书，并保证所出具文 件真实、准确、完整。 关于苏州东山精密制造股份有限公司 向特定对象发行 A 股股票 之 上市保荐书 保荐人（主承销商） （上海市广东路 689 号） 二〇二五年三月 如无特殊说明，本上市保荐书中的简称或名词释义与《苏州东山精密制造股 份有限公司向特定对象发行 A 股股票之募集说明书》一致。 3-3-1 | | | | 声 | 明 1 | | --- | --- | | 目 | 录 2 | | | 一、发行人基本情况 3 | | | 二、发行人本次发行情况 15 | | | 三、本次证券发行上市的项目保荐代表人、协办人及项目组其他成员情况 | | | 19 | | | 四、保荐人是否存在可能影响公正履行保荐职责情形的说明 20 | | | 五、保荐人承诺事项 20 | | | 六、本次证券发行上市履行 ...