Core Viewpoint - Yichang Technology's stock price has shown significant growth this year, but recent financial results indicate a decline in net profit despite revenue growth [1][2]. Financial Performance - As of June 30, 2025, Yichang Technology achieved a revenue of 1.391 billion yuan, representing a year-on-year increase of 16% [2]. - The net profit attributable to shareholders was 34.4247 million yuan, reflecting a year-on-year decrease of 51.09% [2]. - The company has distributed a total of 64.16 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [2]. Stock Market Activity - On September 26, Yichang Technology's stock price fell by 2.08%, trading at 8.01 yuan per share with a total transaction volume of 115 million yuan [1]. - The stock has increased by 51.7% year-to-date, with a 3.22% rise over the last five trading days, an 18.49% increase over the last 20 days, and a 28.57% increase over the last 60 days [1]. - The company experienced a net outflow of 15.659 million yuan in principal funds, with significant selling pressure from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 19.92% to 33,900, while the average number of circulating shares per person increased by 26.39% to 11,773 shares [2]. - Notably, a major shareholder, Dazheng Zhongzheng 360 Internet + Index A, has exited the top ten circulating shareholders [2]. Company Overview - Yichang Technology, established on September 12, 1997, and listed on June 1, 2010, is based in Guangzhou, Guangdong Province [1]. - The company's main business involves the research, production, and sales of home appliances and automotive structural components, with 91.35% of revenue coming from parts and 8.65% from other sources [1]. - The company operates within the household appliances sector, specifically in appliance components, and is associated with concepts such as energy storage, Huawei automotive, and new energy vehicles [1].

Core Points - The company has completed the repurchase and cancellation of 210,000 restricted stocks, accounting for 0.05% of the total share capital before the repurchase, with a total cost of 663,600 yuan [2][9][11] - The total number of shares has decreased from 411,500,000 to 411,290,000 after the cancellation [2][12][13] - The repurchase was due to the departure of five incentive plan participants, who no longer qualified for the incentive [9][10] Summary of Related Sections Incentive Plan Approval Process - On December 27, 2023, the company held its sixth board meeting to approve the 2023 restricted stock incentive plan [3] - The supervisory board also approved the plan and verified the list of initial grant recipients [3][4] Stock Grant and Repurchase Details - The initial grant of restricted stocks was 13.364 million shares at a price of 3.16 yuan per share, with the grant date on April 26, 2024 [5][6] - The repurchase price for the canceled stocks was also set at 3.16 yuan per share [10] - The total funds used for the repurchase came from the company's own funds [11] Completion and Impact of Repurchase - The repurchase and cancellation were confirmed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. on September 24, 2025 [12] - The repurchase will not affect the implementation of the 2023 incentive plan or the company's financial status and operating results [14]

Core Points - The company, Yichang Technology, announced the completion of the repurchase and cancellation of part of its restricted stock incentive plan, totaling 210,000 shares, which represents 0.05% of the company's total share capital before the repurchase [1] - The total funds used for this repurchase of restricted stock amounted to 663,600 yuan [1] - Following the repurchase, the total number of shares outstanding decreased from 411,500,000 to 411,290,000 [1]

证券代码：002420 证券简称：毅昌科技 公告编号：2025-061 广州毅昌科技股份有限公司 关于 2023 年限制性股票激励计划部分限制性股票回购注销 完成的公告 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.广州毅昌科技股份有限公司（以下简称"公司"）本次回购注 销限制性股票共计210,000股，占回购前公司股本总额的0.05%，本次 限制性股票回购的资金为663,600元。 2.截至2025年9月24日，经中国证券登记结算有限责任公司深圳 分公司审核确认，公司本次限制性股票回购注销事宜已办理完成。公 司股份总数由411,500,000股减少为411,290,000股。 一、本次激励计划已履行的相关审批程序 （一）2023年12月27日，公司召开了第六届董事会第六次会议， 审议通过了《关于公司〈2023年限制性股票激励计划（草案）〉及其 摘要的议案》《关于公司〈2023年限制性股票激励计划实施考核管理 办法〉的议案》《关于提请股东大会授权董事会办理公司2023年限制 性股票激励计划有关事宜的议案》。 （二）2023年12月27日，公司 ...

Group 1 - The stock price of Yichang Technology (002420) is influenced by multiple factors including macroeconomic environment, industry development trends, capital market fluctuations, and investor expectations [1]

Core Viewpoint - The company currently does not apply its liquid cooling plates with phase change uniform conductive layers to AI servers, focusing instead on energy storage, power batteries, and vehicle controllers [1]. Group 1 - The company has been questioned by investors regarding the application of its liquid cooling technology in AI servers [1]. - The company's liquid cooling plates are primarily utilized in energy storage, power batteries, and vehicle controllers [1].

Group 1 - The company, Yichang Technology, stated on September 24 that it currently has sufficient production capacity and a high capacity utilization rate [2]

Core Viewpoint - Yichang Technology (002420) emphasizes its commitment to responsible investor relations and adherence to information disclosure laws, ensuring that all disclosed information is truthful, accurate, and complete [1] Group 1: Investor Relations - The company prioritizes market value management and aims to enhance operational performance to provide long-term value to investors [1] - Yichang Technology is focused on improving the quality of information disclosure and strengthening communication with investors to actively convey the company's value [1]

Group 1 - The company, Yichang Technology, has successfully entered the charging pile sector and has achieved mass production of related products [1]

Market Overview - On September 24, the home appliance parts sector rose by 1.94% compared to the previous trading day, with Kangsheng Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Top Gainers - Kangsheng Co., Ltd. (002418) closed at 5.03, up 10.07% with a trading volume of 734,800 shares and a turnover of 368 million yuan [1] - Longdi Group (603726) closed at 23.89, up 9.99% with a trading volume of 170,200 shares and a turnover of 395 million yuan [1] - Yichang Technology (002420) closed at 7.94, up 5.44% with a trading volume of 378,600 shares and a turnover of 297 million yuan [1] Top Losers - Haili Co., Ltd. (600619) closed at 25.65, down 7.00% with a trading volume of 1,397,100 shares and a turnover of 364.5 million yuan [2] - Hongchang Technology (301008) closed at 49.45, down 5.74% with a trading volume of 208,000 shares and a turnover of 1.02 billion yuan [2] - Chunguang Technology (603657) closed at 37.75, down 3.21% with a trading volume of 44,000 shares and a turnover of 165 million yuan [2] Capital Flow - The home appliance parts sector experienced a net outflow of 716 million yuan from institutional investors, while retail investors saw a net inflow of 543 million yuan [2] - The capital flow for individual stocks in the sector indicates that Kangsheng Co., Ltd. had a net inflow of 168 million yuan from institutional investors, representing 45.67% of its total trading [3] - Longdi Group experienced a net outflow of 28.5 million yuan from institutional investors, with a net inflow of 837.66 million yuan from retail investors [3]