金融界消息 截至2025年8月5日收盘，中京电子（002579）报收于12.38元，上涨1.06%，换手率5.56%， 成交量32.33万手，成交金额4.00亿元。 天眼查商业履历信息显示，惠州中京电子科技股份有限公司，成立于2000年，位于惠州市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本61261.862万人民币，实缴资本 61261.862万人民币。公司法定代表人为杨林。 通过天眼查大数据分析，惠州中京电子科技股份有限公司共对外投资了15家企业，参与招投标项目17 次，知识产权方面有商标信息66条，专利信息31条，此外企业还拥有行政许可47个。 来源：金融界 资金流向方面，今日主力资金净流出1375.16万元，占比成交额3.44%。其中，超大单净流出1050.63万 元、占成交额2.63%，大单净流出324.53万元、占成交额0.81%，中单净流出流出332.60万元、占成交额 0.83%，小单净流入1707.77万元、占成交额4.27%。 中京电子最新一期业绩显示，截至2025一季报，公司营业总收入7.43亿元、同比增长12.19%，归属净利 润676.06万元，同比增长1 ...

（文章来源：证券日报） 证券日报网讯 8月4日晚间，中京电子发布公告称，截至2025年7月31日，公司通过集中竞价交易方式累 计回购公司股份1，395，000股，占公司总股本的比例为0.23%。 ...

中京电子最新股价报12.25元，较前一交易日上涨0.16元。盘中最高触及12.26元，最低下探至11.88元， 全天成交3.95亿元。 资金流向方面，8月4日主力资金净流出1498.7万元，近五个交易日累计净流出1.99亿元。 该公司主营业务为印制电路板制造，属于电子元件行业。根据2024年年报显示，印制电路板业务占公司 营收比重达100%。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 消息面上，公司公告显示截至7月31日已完成140万股股份回购，使用资金1095万元，回购价格区间为 7.7元至8.15元。此外，公司2025年上半年业绩预告显示净利润有望实现扭亏为盈。 ...

格隆汇8月4日丨中京电子(002579.SZ)公布，截至2025年7月31日，公司通过集中竞价交易方式累计回购 公司股份1,395,000股，占公司总股本比例的0.23%，回购最高价为8.15元/股，最低价为7.70元/股，已使 用资金总额为10,946,425.50元（含交易费用）。本次回购符合相关法律法规的要求，符合既定的回购股 份方案。 ...

（文章来源：每日经济新闻） 2024年1至12月份，中京电子的营业收入构成为：印制电路板占比100.0%。 中京电子（SZ 002579，收盘价：12.25元）8月4日晚间发布公告称，截至2025年7月31日，公司通过集 中竞价交易方式累计回购公司股份约140万股，占公司总股本比例的0.23%，回购最高价为8.15元/股， 最低价为7.7元/股，已使用资金总额约为1095万元。 ...

证券代码：002579 证券简称：中京电子 公告编号：2025－041 惠州中京电子科技股份有限公司 关于股份回购进展的公告 公司回购股份的时间、回购股份价格及集中竞价交易的委托时段符合公司股 份回购方案及相关规定，具体说明如下： 1、公司未在下列期间回购股份： （1）自可能对公司证券及其衍生品种交易价格产生重大影响的重大事项发 生之日或者在决策过程中，至依法披露之日内； （2）中国证券监督管理委员会及深圳证券交易所规定的其他情形。 2、公司以集中竞价交易方式回购股份时，符合下列要求： （1）委托价格不得为公司股票当日交易涨幅限制的价格； 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 惠州中京电子科技股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日 召开第六届董事会第三次会议审议通过了《关于回购股份方案的议案》，公司拟 以集中竞价交易方式回购公司部分社会公众股股份，回购资金总额为 3000 万元 -5000 万元，回购价格不超过 12 元/股。本次回购股份将用于实施股权激励以及 维护公司价值及股东权益。具体内容详见公司于 2025 年 5 ...

Core Viewpoint - The PCB market is experiencing a structural transformation driven by the demand for high-end products, particularly in AI-related applications, leading to a significant increase in both demand and prices for high-end PCBs [1][3][4]. Group 1: Market Conditions - The current PCB market is characterized by a shortage of high-end products and pressure on low-end products, with overall market conditions improving compared to last year [1][2]. - Many PCB companies have reported positive earnings forecasts for the first half of the year, with some companies experiencing significant growth, such as a 3.7 times increase in net profit for certain firms [2][3]. - The demand for high-end PCBs is being driven by the rapid growth of AI server hardware, which requires advanced PCB technologies [3][9]. Group 2: Company Performance - Major companies like Pengding Holdings and Huadian Electronics are seeing substantial increases in net profits, with expected growth rates exceeding 40% year-on-year [3][6]. - Companies involved in the production of electronic-grade fiberglass and copper-clad laminates are also reporting significant increases in sales and profitability due to rising demand [2][6]. - The overall order saturation for PCB manufacturers is reported to be over 90%, indicating strong market demand [6][7]. Group 3: Future Projections - The global PCB market is projected to grow significantly, with estimates suggesting a market value of $78.6 billion by 2025, driven by advancements in AI and high-performance computing [4][8]. - The demand for high-layer and high-density interconnect (HDI) boards is expected to grow at rates of 14.2% and 18.5%, respectively, indicating a shift towards more complex PCB designs [8][10]. - The industry is likely to face challenges related to potential overcapacity as more companies announce expansion plans to meet the surging demand for high-end PCBs [10][12]. Group 4: Technological Advancements - The shift towards high-end PCBs is accompanied by increased technical barriers, with only a few manufacturers capable of producing advanced PCBs that meet the requirements of AI servers and high-speed data transmission [9][11]. - Companies are investing heavily in new technologies and production capabilities to meet the evolving demands of the market, including investments in low-loss materials and advanced manufacturing processes [5][10]. - The regulatory environment is also pushing companies to focus on high-quality production and green manufacturing practices, further raising the competitive bar in the industry [11][12].

Market Overview - The A-share market showed high volatility, with the Shanghai Composite Index closing at 3597.94 points, up 0.12% [2] - The Shenzhen Component Index rose 0.44% to 11217.58 points, while the ChiNext Index increased by 0.96% to 2362.60 points [2] - Total trading volume in the Shanghai and Shenzhen markets was 17.423 trillion yuan, a decrease of 45 billion yuan compared to the previous Friday [2] PCB Sector Performance - The AI hardware sector, represented by PCB (Printed Circuit Board) concepts, led the market with significant gains, with multiple stocks hitting the daily limit [3] - Notable performers included Fangbang Shares, Junya Technology, and Pengding Holdings, with Shenghong Technology surging over 17% [3] - At least 10 PCB companies have released half-year performance forecasts, with Shengyi Electronics expecting a net profit increase of 432% year-on-year [3] - The demand for high-end PCBs is rapidly growing due to AI computing needs, with projections indicating a supply-demand gap for AI PCBs by 2026 [3] Non-Bank Financial Sector - The non-bank financial sector, including brokerage and insurance, performed well, with the Shenwan Securities Index rising by 0.68% [4] - Major brokerages like Zhongyin Securities and Huatai Securities saw significant stock price increases, with at least 12 brokerages forecasting over 100% growth in net profit for the first half of the year [4][5] - The insurance sector benefited from economic recovery, with a notable increase in the sales of savings-type products [5] Resource Sector Dynamics - The resource sector experienced significant divergence, with coal, steel, and oil sectors undergoing substantial corrections [6] - Futures markets saw sharp declines in black and new energy commodities, with major contracts for coking coal and lithium carbonate hitting the daily limit down [6] - Several brokerages have warned of trading risks in the resource sector, suggesting that the recent price surges were driven by policy expectations and market sentiment [6] Investment Themes - In the medium to long term, institutions suggest focusing on undervalued sectors within the "anti-involution" theme, including polyurethane, LED, and semiconductor precursor materials [7] - The "anti-involution" theme has begun to expand, with specific commodities like red dates experiencing price fluctuations [7]

Core Viewpoint - Eight PCB listed companies have disclosed their performance forecasts for the first half of the year, with significant profit increases expected, particularly for Shengyi Electronics, which anticipates a net profit increase of over 450% year-on-year [1] Group 1: Company Performance Forecasts - Shengyi Electronics expects a net profit of 511 million to 549 million yuan, representing a year-on-year increase of 432% to 471% and a quarter-on-quarter increase of 55.34% to 74.33% [2] - Guanghua Technology forecasts a net profit of 51 million to 58 million yuan, with a year-on-year increase of 375.05% to 440.26% and a quarter-on-quarter increase of 4% to 32% [2] - Pengding Holdings anticipates a net profit of 1.198 billion to 1.26 billion yuan, reflecting a year-on-year increase of 52.79% to 60.62% and a quarter-on-quarter increase of 45.49% to 57.99% [2] - Guanghe Technology expects a net profit of 485 million to 505 million yuan, with a year-on-year increase of 51.85% to 58.12% and a quarter-on-quarter increase of 2.08% to 10.42% [2] - Shengyi Technology forecasts a net profit of 1.4 billion to 1.45 billion yuan, indicating a year-on-year increase of 50% to 56% and a quarter-on-quarter increase of 48.23% to 57.09% [2] - Huadian Co. expects a net profit of 1.65 billion to 1.75 billion yuan, with a year-on-year increase of 44.63% to 53.40% and a quarter-on-quarter increase of 16.54% to 29.66% [2] - Zhongjing Electronics anticipates a net profit of 16 million to 20 million yuan, indicating a turnaround from losses year-on-year and a quarter-on-quarter increase of 28.57% to 85.71% [2] - Jin'an Guoji expects a net profit of 15 million to 22.5 million yuan, with a year-on-year decrease of 67.83% to 78.56% [2]

Group 1 - The article discusses the recent market performance, indicating that the Shanghai Composite Index has stabilized around 3500 points, driven by policy expectations and potential government stimulus measures [1][2] - Analysts from Citigroup predict that the upcoming Politburo meeting will not revise the budget or increase government bond quotas, but will focus on implementing existing policies to support consumption and the real estate sector [1][2] - The article highlights that the real estate market has shown signs of recovery, with a potential for further gains in the coming weeks, based on historical trends of policy-driven market movements [3][5] Group 2 - The banking sector is expected to see an increase in dividend yields due to upcoming dividend distributions, which could enhance the attractiveness of bank stocks [7] - The article notes that the insurance sector is adjusting its investment strategies to favor high-dividend assets, which may impact the overall market dynamics [7] - The article mentions that the real estate index has risen by 9.69% since June 23, indicating a positive trend relative to the Shanghai Composite Index [3][5] Group 3 - The article outlines the upcoming key events in the financial calendar, including the Politburo meeting and FOMC meetings, which are expected to influence market sentiment and policy direction [2] - It emphasizes the importance of monitoring economic indicators and policy announcements as they could significantly impact market performance in the second half of the year [2][10] - The article suggests that sectors such as renewable energy, construction materials, and industrial metals are likely to benefit from current market trends and policy support [15][18]