Market Overview - The optical and optoelectronic sector experienced a decline of 3.12% on November 21, with Wanrun Technology leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Notable gainers included: - Mulinsen (002745) with a closing price of 9.19, up 4.20% and a trading volume of 815,900 shares, totaling 727 million yuan [1] - Aobi Zhongguang (688322) closed at 80.86, up 1.32% with a trading volume of 84,500 shares, totaling 677 million yuan [1] - Significant losers included: - Wanrun Technology (002654) closed at 13.30, down 7.77% with a trading volume of 601,700 shares, totaling 815 million yuan [2] - Dongtian Micro (301183) closed at 89.28, down 6.57% with a trading volume of 63,400 shares, totaling 573 million yuan [2] Capital Flow - The optical and optoelectronic sector saw a net outflow of 2.194 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.512 billion yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Mulinsen (002745) had a net inflow of 74.64 million yuan from institutional investors, but a net outflow of 93.20 million yuan from retail investors [3] - Other stocks like Huichuangda (300909) and Qianzhao Optoelectronics (300102) also showed varied capital flows, with institutional and retail investors reacting differently [3]

Group 1 - The company, Wanrun Technology, is closely monitoring the dynamics of the semiconductor memory market [1] - The company is conducting sales activities based on its actual situation [1]

Group 1 - The core focus of the company is on the design, research and development, and sales of semiconductor memory, particularly solid-state drives (SSDs) [1] - The SSDs cover various application scenarios including consumer, industrial, and enterprise levels [1] - The company conducts procurement activities based on market and customer actual conditions [1]

Core Points - The Shanghai Composite Index is at 3952.30 points with a change of 0.32%, and the total trading volume of A-shares is 805.765 billion yuan [1] - A total of 97 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] Group 1: Stocks with Significant Moving Average Crosses - Wanrun Technology (002654) has a 5-day moving average of 15.73 yuan, down 2.36% from the 10-day moving average of 16.11 yuan, with a current price of 14.73 yuan, which is 8.58% below the 10-day average [1] - Inno Laser (301021) shows a 5-day moving average of 41.08 yuan, down 1.72% from the 10-day average of 41.80 yuan, with a current price of 39.10 yuan, 6.46% below the 10-day average [1] - Binjiang Group (002244) has a 5-day moving average of 10.45 yuan, down 1.36% from the 10-day average of 10.60 yuan, with a current price of 10.18 yuan, 3.94% below the 10-day average [1] Group 2: Additional Stocks with Moving Average Crosses - Mankang Pharmaceutical (688373) has a 5-day moving average of 7.08 yuan, down 1.28% from the 10-day average of 7.18 yuan, with a current price of 6.65 yuan, 7.33% below the 10-day average [1] - Zhimi Intelligent (001339) shows a 5-day moving average of 54.86 yuan, down 1.10% from the 10-day average of 55.47 yuan, with a current price of 52.18 yuan, 5.94% below the 10-day average [1] - Gaohua Technology (688539) has a 5-day moving average of 35.97 yuan, down 1.09% from the 10-day average of 36.37 yuan, with a current price of 34.20 yuan, 5.97% below the 10-day average [1]

Core Viewpoint - Wanrun Technology's stock has experienced fluctuations, with a year-to-date increase of 23.58% but a recent decline of 11.93% over the past five trading days, indicating volatility in investor sentiment and market performance [1][2]. Company Overview - Wanrun Technology, established on December 13, 2002, and listed on February 17, 2012, is located in Shenzhen, Guangdong Province. The company specializes in LED packaging, lighting applications, and digital marketing [2]. - The revenue composition of Wanrun Technology includes digital marketing (60.99%), semiconductor storage (16.28%), LED lighting and related (8.53%), LED light source devices and related (8.15%), others (3.14%), and comprehensive energy (2.90%) [2]. Financial Performance - For the period from January to September 2025, Wanrun Technology reported a revenue of 3.714 billion yuan, reflecting a year-on-year growth of 21.77%. However, the net profit attributable to shareholders decreased by 16.58% to 27.759 million yuan [2]. - The company has cumulatively distributed 133 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Structure - As of September 30, 2025, Wanrun Technology had 139,800 shareholders, an increase of 6.63% from the previous period. The average number of circulating shares per shareholder decreased by 6.22% to 6,045 shares [2]. - Notable institutional shareholders include Guangfa Technology Innovation Mixed Fund, which is the third-largest shareholder with 12.2101 million shares, and Hong Kong Central Clearing Limited, the fifth-largest shareholder with 7.4357 million shares, both of which are new entrants [3].

Meeting Overview - The third extraordinary general meeting of shareholders was held on November 17, 2025, at 15:30, combining on-site and online voting methods [4][5]. - A total of 761 shareholders and their proxies attended the meeting, representing 242,434,964 shares, which is 28.6803% of the total voting rights [5][6]. Shareholder Voting - The meeting approved three key proposals: 1. **Proposal to Use Reserves to Cover Losses**: - 241,087,964 shares voted in favor, accounting for 99.4444% of the votes [7][8]. - Among minority shareholders, 39,109,710 shares supported the proposal, representing 96.6705% [7]. 2. **Proposal to Reappoint the Audit Firm for 2025**: - 241,024,164 shares voted in favor, which is 99.4181% [9][10]. - Minority shareholders supported this with 39,045,910 shares, or 96.5128% [9]. 3. **Proposal to Amend the External Guarantee Management System**: - 236,231,807 shares voted in favor, representing 97.4413% [11][12]. Legal Compliance - The meeting's procedures were confirmed to comply with relevant laws and regulations, as stated by the witnessing lawyers from Guangdong Xinda Law Firm [13]. Financial Announcement - The company plans to use its surplus reserves and capital reserves to cover a total loss of 1,127,819,289.37 yuan as of December 31, 2024, with specific amounts allocated from surplus reserves (31,885,487.09 yuan) and capital reserves (1,095,933,802.28 yuan) [16][17]. - The company is required to notify creditors within 30 days of the shareholder meeting's resolution regarding the use of capital reserves to cover losses [18]. Creditor Notification - Creditors have the right to claim debts or request guarantees within 30 days of receiving the notification or 45 days from the announcement date if no notification is received [18][19]. - Specific documentation is required for creditors to assert their claims [19].

证券代码：002654 证券简称：万润科技 公告编号：2025-065号 深圳万润科技股份有限公司 关于使用公积金弥补亏损通知债权人的公告 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《关于公司 法、外商投资法施行后有关财务处理问题的通知》等法律法规、规范性文件及《公 司章程》的规定，公司拟使用盈余公积和资本公积弥补母公司截至 2024 年 12 月 31 日的累计亏损，其中使用盈余公积 31,885,487.09 元，使用资本公积 1,095,933,802.28 元，合计 1,127,819,289.37 元，以期末未分配利润负数弥补 至零为限。 本次拟用于弥补亏损的资本公积全部来源于股东以货币方式出资形成的资 本（股本）溢价，不属于特定股东专享或限定用途的资本公积金。 公司于 2025 年 11 月 17 日召开的 2025 年第三次临时股东会审议通过《关于 使用公积金弥补亏损的议案》。根据《关于公司法、外商投资法施行后有关财务 处理问题的通知》（财资〔2025〕101 号）规定，"使用资本公积金弥补亏损的 公司应自股东会作出资本公积金弥补亏损决议之日起三十日内通知债权人或向 社会公告"。公 ...

广东信达律师事务所 股东会法律意见书 中国深圳福田区益田路6001号太平金融大厦11、12层 邮政编码：518038 11&12/F, TaiPing Finance Tower, 6001 Yitian Road, Futian District, SHENZHEN, CHINA 电话(Tel.)：(86 755)88265288 传真(Fax.)：(86 755)88265537 电子邮件(Email)：info@sundiallawfirm.com 网址(Website)： www.sundiallawfirm.com 关于深圳万润科技股份有限公司 2025年第三次临时股东会的 法律意见书 信达会字[2025]第352号 公司如下保证：其向信达提供的与本《股东会法律意见书》相关的文件资料均是 真实、准确、完整、有效的，不包含任何误导性的信息，且无任何隐瞒、疏漏之 处。 在本《股东会法律意见书》中，信达根据《股东会规则》第六条的规定，仅 对本次股东会的召集、召开程序、出席会议的人员资格和召集人资格、会议的表 决程序和表决结果事项发表法律意见，并不对本次股东会审议的议案以及其他与 议案相关的事实、数据的真实 ...

证券代码：002654 证券简称：万润科技 公告编号：2025-064 号 深圳万润科技股份有限公司 2025 年第三次临时股东会决议公告 特别提示 1、本次股东会不存在否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、会议召开时间：2025 年 11 月 17 日 15:30；网络投票时间：2025 年 11 月 17 日，其中：通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 11 月 17 日 9:15—9:25，9:30—11:30 和 13:00—15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为：2025 年 11 月 17 日 9:15－15:00。 2、会议地点：深圳市光明区凤凰街道塘家社区光侨大道 2519 号万润大厦 11 层中会议室 3、会议召开方式：现场投票和网络投票相结合方式 4、会议召集人：董事会 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。 5、会议主持人：董事长龚道夷 6、本次会议的召集、召开符合《公司法》《上市公司股东会规则》等有关 法律法规、规范性文件和《 ...

Core Insights - The optical and optoelectronic sector saw a slight increase of 0.36% on November 17, with Tengjing Technology leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Tengjing Technology (688195) closed at 135.61, up 20.00% with a trading volume of 160,800 shares and a transaction value of 2.064 billion [1] - Aikex Co., Ltd. (300889) closed at 25.12, up 11.15% with a trading volume of 139,500 shares and a transaction value of 343 million [1] - ST Changfang (300301) closed at 2.64, up 6.88% with a trading volume of 235,400 shares and a transaction value of 60.21 million [1] - Huichuangda (300909) closed at 43.74, up 5.17% with a trading volume of 69,800 shares and a transaction value of 301 million [1] - Qianzhao Optoelectronics (300102) closed at 14.32, up 5.14% with a trading volume of 852,300 shares and a transaction value of 1.207 billion [1] Capital Flow - The optical and optoelectronic sector experienced a net outflow of 870 million from institutional investors, while retail investors saw a net inflow of 561 million [2] - Tengjing Technology had a net inflow of 216 million from institutional investors, but a net outflow of 151 million from speculative funds [3] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are actively buying [2][3]