Group 1: Financial Performance - The company reported an increase in revenue but a decrease in profit for the first half of 2025, indicating a challenging cost control situation compared to peers in the PCB industry [2][3]. - The gross margin was significantly impacted by a 36.57% year-on-year increase in precious metal raw material prices, particularly gold salts, leading to a temporary decline in profitability [3][4]. - The company expects gross margin levels to gradually stabilize as measures to adjust product pricing and improve cost management are implemented [3][4]. Group 2: Market Opportunities and Growth Drivers - Future growth is anticipated to be driven by the ramp-up of high-end products, explosive downstream demand, and the release of production capacity [4][8]. - The company is experiencing strong order demand in sectors such as mobile phones, servers, and communications, with expectations for rapid sales growth in these areas in 2025 [4][8]. - The strategic layout of high-end production capacity in Zhuhai and Thailand is positioned to support the anticipated demand surge [4][8]. Group 3: Competitive Advantages - The company maintains a competitive edge through a deep binding with high-quality customer groups and exceptional responsiveness [4][7]. - A flexible production model focusing on "small batch, multiple varieties" enhances the company's ability to adapt to market changes and meet customer needs [4][7]. - The company aims to deepen its strategy with major domestic and international clients to secure high-value orders and ensure sustainable growth [4][7]. Group 4: Tax and Cost Management - The increase in income tax expenses for the first half of 2025 was primarily due to a temporary reduction in the deductible amount for R&D expenses [3][5]. - The company has implemented a comprehensive dynamic procurement management strategy to address cost pressures and enhance bargaining power, including diversified sourcing and strategic supplier partnerships [6][8]. Group 5: Stock Performance and Investor Relations - The company acknowledges the long-term decline in stock price despite the PCB industry's upward trend and is committed to improving investor communication and performance to enhance market recognition [5][6]. - Measures to optimize business structure, improve profitability, and explore shareholder return strategies, such as dividend policy adjustments, are being considered [5][6].

Core Viewpoint - The company has decided to exercise its right for early redemption of the convertible bond "崇达转 2" due to market conditions and internal considerations, with a redemption date set for September 17, 2025 [2][5]. Summary by Sections Convertible Bond Basic Information - The company issued 14 million convertible bonds on September 7, 2020, with a total amount of 1.4 billion yuan [2]. - The bond's conversion period is from March 11, 2021, to September 4, 2026 [2]. Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 10.25 yuan per share as of May 22, 2025 [3][4][5]. Conditional Redemption Terms - The bond has a conditional redemption clause triggered when the stock price exceeds 130% of the conversion price for 15 trading days [5]. - The board approved the early redemption on August 22, 2025, based on current market conditions [5]. Redemption Price and Calculation - The redemption price is set at 100.049 yuan per bond, which includes accrued interest [7]. - The accrued interest is calculated based on the bond's face value, interest rate, and the number of days from the last interest payment to the redemption date [6][7]. Redemption Process and Schedule - The redemption date is scheduled for September 17, 2025, with all unconverted bonds being redeemed [7]. - The company will notify bondholders of the redemption results and the delisting of "崇达转 2" from the Shenzhen Stock Exchange [8]. Other Relevant Information - Bondholders must process conversion requests through their respective securities companies [9]. - The minimum conversion unit is one bond, and any fractional amounts will be settled in cash [10].

| 证券代码：002815 | 证券简称：崇达技术 | 公告编号：2025-047 | | --- | --- | --- | | 债券代码：128131 | 债券简称：崇达转2 | | 崇达技术股份有限公司 关于提前赎回"崇达转 2"的第二次提示性公告 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。 重要内容提示： 证券代码：002815 证券简称：崇达技术 债券代码：128131 债券简称：崇达转 2 转股价格：人民币 10.25 元/股 1、"崇达转 2"赎回价格：100.049 元/张（含当期应计利息，当期年利率为 2%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任公司深 圳分公司（以下简称"中登公司"）核准的价格为准。 2、赎回条件满足日：2025 年 8 月 22 日 3、"崇达转 2"停止交易日：2025 年 9 月 12 日 4、"崇达转 2"赎回登记日：2025 年 9 月 16 日 5、"崇达转 2"停止转股日：2025 年 9 月 17 日 6、"崇达转 2"赎回日：2025 年 9 月 17 日 7、赎回资金到账日（到达 ...

Core Viewpoint - The company has decided to exercise its right for early redemption of the convertible bond "崇达转 2" based on current market conditions and its own situation, with the redemption scheduled for September 17, 2025 [2][5]. Group 1: Convertible Bond Basic Information - The company issued 14 million convertible bonds on September 7, 2020, with a total amount of 1.4 billion yuan [2]. - The bond's conversion period is from March 11, 2021, to September 4, 2026 [2]. - The bond's conversion price has been adjusted multiple times, currently set at 10.25 yuan per share [4][5]. Group 2: Redemption Conditions and Procedures - The early redemption was triggered as the stock price exceeded 130% of the conversion price for 15 trading days [5]. - The redemption price is set at 100.049 yuan per bond, including interest [7]. - The redemption will be executed for all unconverted bonds as of the close on September 16, 2025 [7][8]. Group 3: Shareholder Transactions - The actual controller and major shareholders have not engaged in transactions of "崇达转 2" in the six months prior to the redemption conditions being met [8]. - There are no plans for these stakeholders to reduce their holdings in "崇达转 2" in the near future [8]. Group 4: Additional Information - Bondholders must process conversion requests through their respective securities companies [9]. - The minimum conversion unit is one bond, and any fractional amounts will be settled in cash [10].

Investment Rating - The investment rating for the company is "Buy" [5] Core Views - The company is experiencing steady revenue growth, with a 20.73% year-on-year increase in revenue for the first half of 2025, reaching 3.533 billion yuan. However, the net profit attributable to shareholders decreased by 6.19% to 222 million yuan [2][3] - The company is actively enhancing its production capacity through a non-public stock issuance to raise 2 billion yuan for the construction of the Zhuhai Chuangda Phase II project, which focuses on high-end PCB production [2] - The product structure is continuously optimized, with high-end PCB products accounting for over 60% of total revenue, significantly enhancing market competitiveness [3] Financial Summary - Revenue is projected to grow from 5.772 billion yuan in 2023 to 9.007 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 11.3% [1] - The net profit attributable to shareholders is expected to increase from 409 million yuan in 2023 to 766 million yuan in 2027, reflecting a significant recovery after a decline in the previous years [1] - The company's return on equity (ROE) is forecasted to improve from 5.6% in 2023 to 9.0% in 2027, indicating enhanced profitability [1] Market Position and Strategy - The company is focusing on key industries such as telecommunications, servers, automotive electronics, and consumer electronics, establishing strategic partnerships with major players in these sectors [3] - The ongoing construction of the Thailand production base aims to meet international customer demands, further solidifying the company's global production capacity [2]

Group 1 - The company's revenue increase in the second quarter primarily comes from applications in the server, communication, and mobile product sectors [2]

Group 1 - The company, Chongda Technology (002815.SZ), has not yet engaged in the production of PCB products for the AI power supply sector [2] - An investor inquired about the company's involvement in AI power supply PCB products and related customers [2] - The company responded on August 25, indicating no current involvement in the specified products [2]

崇达技术（002815.SZ）8月25日在投资者互动平台表示，目前暂未涉及您所述产品。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司在海外人形机器人方面，进入哪些客户的供 应链？ ...

崇达技术（002815.SZ）8月25日在投资者互动平台表示，目前暂未涉及您所述产品。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问台达、维谛是不是公司的客户？公司在数据中心 电源领域，有没相关的PCB产品供货？ ...

| 证券代码：002815 | 证券简称：崇达技术 | 公告编号：2025-046 | | --- | --- | --- | | 债券代码：128131 | 债券简称：崇达转2 | | 重要内容提示： 证券代码：002815 证券简称：崇达技术 债券代码：128131 债券简称：崇达转 2 转股价格：人民币 10.25 元/股 关于提前赎回"崇达转 2"的第一次提示性公告 崇达技术股份有限公司 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。 3、"崇达转 2"停止交易日：2025 年 9 月 12 日 8、投资者赎回款到账日：2025 年 9 月 24 日 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z 崇转 2 1、"崇达转 2"赎回价格：100.049 元/张（含当期应计利息，当期年利率为 2%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任公司深 圳分公司（以下简称"中登公司"）核准的价格为准。 11、根据安排，截至 2025 年 9 月 16 日收市后仍未转股的"崇达转 2"将被 强制赎回。本次赎回完成后，"崇达转 2"将在 ...