Core Insights - The partnership between Yingtong Communications and Montong Intelligent marks a strategic collaboration aimed at developing AI glasses solutions, focusing on the emerging spatial intelligent interaction market [1][2][3] - Montong Intelligent, established in 2022, specializes in AI+AR glasses solutions and has rapidly gained market traction, partnering with major global brands [2][3] - The collaboration is structured as a progressive model involving a framework agreement and project agreements, emphasizing mutual strengths to tackle industry challenges [2][3] Company Overview - Yingtong Communications is a significant player in the smart terminal sector, involved in product innovation, manufacturing, and market expansion, supported by a robust supply chain and quality control standards [1] - Montong Intelligent's core technologies include FuseSpaceAI and SpaceAIOS, with a team sourced from leading companies, enhancing its competitive edge in the AI glasses market [2] Industry Context - The AI glasses market is currently characterized by intense competition, with challenges such as technology fragmentation and homogenized user experiences needing to be addressed [3] - The collaboration is seen as a positive signal for industry integration, combining Yingtong's industrial foundation with Montong's technological agility to accelerate market development [3] - A technical meeting is scheduled to facilitate deep technical alignment between the two companies, focusing on product definition, technology validation, and cost analysis [3]

12月2日，瀛通通讯大宗交易成交70万股，成交额1486.8万元，占当日总成交额的5.33%，成交价21.24 元，较市场收盘价21.24元持平。 | 权益类证券大宗交易(协议交易) | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | 2025-12-02 | 002861 | 瀛通通讯 | 21.24 | 70.00 | 1,486.8中国银河证券股份 | | 金融街证券股份有 | | | | | | | | 有限公司青岛海口 | 限公司青岛证券营 | | | | | | | | 路班券量不出 | 业部 | ...

Core Insights - The stock price of Yingtong Communications has increased by 53.40% year-to-date, with a recent rise of 5.71% over the last five trading days [1] - The company reported a revenue of 630 million yuan for the first nine months of 2025, reflecting a year-on-year growth of 5.75%, while the net profit attributable to shareholders was a loss of 35.65 million yuan, a decrease of 8.90% year-on-year [2] Financial Performance - As of November 19, Yingtong Communications' stock price was 21.46 yuan per share, with a market capitalization of 3.998 billion yuan [1] - The company has seen significant trading activity, with a net inflow of 4.2375 million yuan from main funds and a total trading volume of 25.8674 million yuan [1] - The company has appeared on the "Dragon and Tiger List" 12 times this year, with the most recent appearance on March 25, where it recorded a net buy of -11.2895 million yuan [1] Business Overview - Yingtong Communications, established on October 23, 2010, and listed on April 13, 2017, operates in the integrated technology sector, focusing on product research, manufacturing, and sales [2] - The company's main revenue sources include acoustic products and precision components (61.93%), power and data transmission products (35.02%), and other products (3.05%) [2] - The company is categorized under the electronic industry, specifically in consumer electronics and components, and is associated with concepts such as small-cap stocks and major tech companies [2] Shareholder Information - As of September 30, the number of shareholders for Yingtong Communications was 16,100, a decrease of 49.01% from the previous period, while the average number of circulating shares per person increased by 96.11% to 9,348 shares [2]

Core Viewpoint - The stock of Yingtong Communications has shown significant growth this year, with a 52.04% increase, and the company is actively involved in the electronic and consumer electronics sector, focusing on acoustic and data transmission products [1][2]. Financial Performance - For the period from January to September 2025, Yingtong Communications reported a revenue of 630 million yuan, representing a year-on-year growth of 5.75%. However, the net profit attributable to the parent company was a loss of 35.65 million yuan, a decrease of 8.90% compared to the previous year [2]. - The company has distributed a total of 198 million yuan in dividends since its A-share listing, with 41.96 million yuan distributed over the last three years [3]. Stock Market Activity - As of November 18, the stock price of Yingtong Communications was 21.27 yuan per share, with a market capitalization of 3.962 billion yuan. The stock has seen a trading volume of 24.07 million yuan and a turnover rate of 0.77% [1]. - The company has appeared on the "Dragon and Tiger List" 12 times this year, with the most recent appearance on March 25, where it recorded a net buy of -11.29 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Yingtong Communications was 16,100, a decrease of 49.01% from the previous period. The average number of circulating shares per person increased by 96.11% to 9,348 shares [2]. Business Overview - Yingtong Communications, established on October 23, 2010, and listed on April 13, 2017, operates as a comprehensive technology company involved in product research and development, manufacturing, sales, and industrial investment operations. The main revenue sources are acoustic products and precision components (61.93%), power and data transmission products (35.02%), and other products (3.05%) [1].

瀛通通讯股份有限公司 2025 年第一次临时股东大会决议公告 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： 证券代码：002861 证券简称：瀛通通讯 公告编号：2025-053 1. 本次股东大会无否决提案的情形； 2. 本次股东大会无涉及变更以往股东大会已通过的决议。 一、会议召开情况 1．会议召集人：瀛通通讯股份有限公司（以下简称"公司"）第五届董事 会。 2．会议主持人：董事长黄晖先生 3．会议召开的合法、合规性： 公司于 2025 年 10 月 28 召开了公司第五届董事会第十六次会议，会议决定 于 2025 年 11 月 14 日召开公司 2025 年第一次临时股东大会。会议召集、召开程 序符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 4．会议召开的日期、时间： （1）现场会议召开时间：2025 年 11 月 14 日下午 15:00。 （2）网络投票时间： 2、公司全体董事、监事和董事会秘书出席了本次会议，总经理和其他高级 管理人员列席了本次会议，公司聘请的律师见证了本次会议。出席本次会议的人 员资格符合《 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R. China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于瀛通通讯股份有限公司 2025 年第一次临时股东大会 的法律意见书 康达股会字[2025]第 0478 号 致：瀛通通讯股份有限公司 北京市康达律师事务所（以下简称"本所"）接受瀛通通讯股份有限公司（以 下简称"公司"）的委托，指派本所律师现场参加公司 2025 年第一次临时股东 大会（以下简称"本次会议"）。 本所律师根据《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》（以下简称"《证券 ...

Core Points - The stock price of Yingtong Communications has decreased by 2.02% to 19.92 CNY per share as of November 12, with a market capitalization of 3.711 billion CNY [1] - The company has seen a year-to-date stock price increase of 42.39%, with a recent decline of 1.09% over the last five trading days [1] - Yingtong Communications has been listed on the "Dragon and Tiger List" 12 times this year, with the most recent instance on March 25, where it recorded a net buy of -1128.95 million CNY [1] Financial Performance - For the period from January to September 2025, Yingtong Communications achieved a revenue of 630 million CNY, representing a year-on-year growth of 5.75%, while the net profit attributable to shareholders was -35.65 million CNY, a decrease of 8.90% year-on-year [2] - The company has distributed a total of 198 million CNY in dividends since its A-share listing, with 41.96 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, Yingtong Communications had 16,100 shareholders, a decrease of 49.01% from the previous period, with an average of 9,348 circulating shares per shareholder, an increase of 96.11% [2] Business Overview - Yingtong Communications, established on October 23, 2010, and listed on April 13, 2017, operates in the electronic sector, focusing on acoustic products and precision components, which account for 61.93% of its revenue, while power and data transmission products contribute 35.02% [1][2]

Group 1 - The A-share market for consumer electronics stocks has shown strong performance, with notable increases in share prices for several companies [1] - Lens Technology (蓝思科技) saw a rise of 11.22%, with a total market capitalization of 167.7 billion and a year-to-date increase of 48.06% [2] - Dongshan Precision (东山精密) reached a 10% increase, with a market cap of 138.2 billion and a year-to-date increase of 159.06% [2] Group 2 - Other companies such as Hongfuhuan (鸿富瀚) and Dongtianwei (东田微) experienced increases of over 8%, while Igor (伊戈尔) rose by over 7% [1] - The overall trend indicates a positive momentum in the consumer electronics sector, supported by the formation of MACD golden cross signals for these stocks [1]

Core Viewpoint - The company, Yingtong Communications, has been established as a comprehensive technology company focusing on large acoustics and large transmission, with its performance metrics indicating a need for improvement in revenue and profitability compared to industry peers [1][2]. Group 1: Company Overview - Yingtong Communications was founded on October 23, 2010, and listed on the Shenzhen Stock Exchange on April 13, 2017, with its registered and office address in Hubei Province [1]. - The company operates in the electronic sector, specifically in consumer electronics and components, and is involved in various concepts such as wireless charging, superconductivity, and nuclear power [1]. Group 2: Financial Performance - For Q3 2025, Yingtong Communications reported a revenue of 630 million yuan, ranking 73rd among 88 companies in the industry, while the top company, Industrial Fulian, reported revenue of 603.93 billion yuan [2]. - The net profit for the same period was -35.65 million yuan, placing the company 79th in the industry, with the leading company, Industrial Fulian, achieving a net profit of 22.52 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 30.97%, a decrease from 52.67% in the previous year, which is lower than the industry average of 44.84%, indicating reduced debt pressure [3]. - The gross profit margin for Q3 2025 was 18.17%, slightly down from 18.19% year-on-year, and below the industry average of 19.47%, suggesting weaker profitability compared to peers [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 49.01% to 16,100, while the average number of circulating A-shares held per shareholder increased by 96.11% to 9,348.71 [5]. Group 5: Executive Compensation - The chairman and general manager, Huang Hui, received a salary of 558,600 yuan in 2024, an increase of 209,000 yuan from 2023, reflecting his extensive experience in the electroacoustic industry [4].

Core Insights - The company reported a revenue of 630 million yuan for the first three quarters of 2025, representing a year-on-year increase of 5.8% [1] - The net loss attributable to shareholders was 35.65 million yuan, widening from a loss of 32.74 million yuan in the same period last year [1] - The operating cash flow net amount was 29.46 million yuan, showing a significant year-on-year increase of 308.4% [1] Q3 Performance - In Q3 alone, the company achieved a revenue of 236 million yuan, a slight decline of 0.4% year-on-year [3] - The net loss attributable to shareholders for Q3 was 9.16 million yuan, an improvement from a loss of 12.95 million yuan in the same quarter last year [3] - The total assets as of the end of Q3 were 1.595 billion yuan, down 3.6% from the end of the previous year [3] Financial Management and Strategy - The company redeemed some financial products during Q3, leading to a significant increase in cash and cash equivalents [3] - There was growth in accounts receivable financing and long-term equity investments, indicating proactive capital management [3] - Ongoing construction projects and increases in fixed assets and usage rights assets reflect steady investment in production facilities and infrastructure [3] Industry Outlook - Industry experts believe that the company is improving its profit structure through refined operations and sound financial strategies [3] - With a gradual recovery in industry demand, the company is expected to achieve a simultaneous recovery in revenue and profitability in the upcoming quarters [3]