证券代码：002916 证券简称：深南电路 公告编号：2026-004 深南电路股份有限公司 关于限制性股票激励计划（第二期）内幕信息知情人及 激励对象买卖公司股票情况的自查报告 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。 深南电路股份有限公司（以下简称"公司"）分别于 2025 年 12 月 12 日、12 月 30 日召开第四届董事会第十次会议和第四届董事会第十一次会议，审议通过 了《深南电路股份有限公司 A 股限制性股票激励计划（第二期）（草案）》及其 摘要、《深南电路股份有限公司 A 股限制性股票激励计划（第二期）（草案修订 稿）》及其摘要等相关议案，具体内容详见披露于《证券时报》和巨潮资讯网 （http://www.cninfo.com.cn）的相关公告。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激 励管理办法》和《深圳证券交易所上市公司自律监管指南第 1 号—业务办理》等 有关法律法规及规范性文件的相关规定，公司针对限制性股票激励计划（第二期） 采取了充分必要的保密措施，同时对本激励计划内幕信息知情人进行了登记管理。 ...

证券代码：002916 证券简称：深南电路 公告编号：2026-003 深南电路股份有限公司 2026 年第一次临时股东会决议公告 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： 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： （1）现场会议时间：2026 年 01 月 15 日 15:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 01 月 15 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互 联网投票系统投票的具体时间为 2026 年 01 月 15 日 9:15 至 15:00 的任意时间。 （3）会议召开和表决方式： 本次股东会采取现场与网络投票结合的方式。 2、召集人：深南电路股份有限公司（以下简称"公司"）董事会 3、现场会议召开地点：深圳市南山区侨城东路 99 号公司 5 楼会议室 4、现场会议主持人：董事长杨之诚先生 5、本次股东会的召开符合《中华人民共和国公司法》《中 ...

北京市嘉源律师事务所 关于深南电路股份有限公司 2026 年第一次临时股东会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI'AN·武汉 WUHAN·长沙 CHANGSHA 致：深南电路股份有限公司 北京市嘉源律师事务所 关于深南电路股份有限公司 2026 年第一次临时股东会的 法律意见书 嘉源(2026)-04-021 北京市嘉源律师事务所（以下简称"本所"）接受深南电路股份有限公司（以 下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司 法》"）《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效 的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《深 南电路股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指派本 所律师对公司2026年第一次临时股东会（以下简称"本次股东会"）进行见证， 并依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东会，查阅了公司提 供的与本次股东 ...

Core Viewpoint - The China Securities 500 Growth ETF (Hua Xia, 159620) has shown a positive performance with a 2.30% increase, reaching a price of 1.291 yuan, and a trading volume of 582,000 yuan as of the midday close on January 14 [1] Group 1: ETF Performance - The China Securities 500 Growth ETF (Hua Xia, 159620) has a year-to-date return of 26.34% since its inception on July 19, 2022 [1] - The ETF has achieved a return of 9.61% over the past month [1] Group 2: Top Holdings Performance - Among the top holdings, Changchuan Technology increased by 6.39%, Ecovacs by 1.92%, and BeiGene by 1.20% [1] - Other notable performances include Guanghe Technology rising by 1.90%, Amlogic increasing by 3.40%, and Rockchip gaining 2.73% [1] - Hengxuan Technology saw a significant increase of 4.54%, while Ninebot Company experienced a slight decline of 0.18% [1]

Investment Rating - The report maintains a "Buy" rating for key companies in the domestic computing power industry, including Cambrian (688256) and SMIC (0981.HK) [7][12]. Core Insights - The report emphasizes the certainty of investment opportunities in the domestic computing power sector, driven by the upcoming release of the new generation of computing power chips, represented by H Company’s 950 series, which will enter mass production in the first quarter [5][6]. - The domestic computing power industry is expected to see significant growth, with ByteDance projected to invest 150 billion in global computing power procurement in 2026, of which 60-65 billion is expected to be allocated domestically, with over 40 billion for domestic computing power [6]. - The report suggests that the impact of the H200 release on the domestic computing power industry will be limited, as the primary application scenarios differ from those of domestic solutions [6]. Summary by Sections Supply Side - The domestic computing power sector has faced challenges due to U.S. restrictions on advanced semiconductor processes and key materials. However, breakthroughs are anticipated starting in the second half of 2025, with improved collaboration between chip design companies and foundries expected to enhance production yields by 2026 [5][6]. - The report highlights the optimization of the supply chain and the collaboration between hardware and software, which has significantly improved the usability of domestic computing power in AI inference scenarios [5]. Demand Side - The demand for computing power in 2026 is becoming clearer, with major internet companies like Alibaba and Tencent also planning significant investments in domestic computing power [6]. - The report notes that the three major telecom operators are expected to increase their procurement of domestic computing power to meet the growing demand from AI applications [6]. Key Companies to Watch - The report recommends focusing on Cambrian (688256) as a representative of domestic computing power card suppliers and SMIC (0981.HK) as a leading foundry. Additionally, attention is drawn to Huahong Semiconductor (1347.HK) for its advancements in advanced processes [7]. - The report also suggests monitoring companies related to domestic IC substrates due to supply bottlenecks caused by shortages of upstream materials, recommending companies like Shenzhen South Circuit (002916) and Pengding Holdings (002938) [7]. Overseas Computing Power Industry - The report observes a shift in the driving force of AI computing power from training large models to deploying inference applications, with companies like Google leading advancements in model capabilities [8][9]. - The report anticipates continued high growth in AI application-driven computing power demand, with major companies expected to double their computing power every six months over the next few years [10].

Core Insights - The automotive PCB industry is experiencing significant growth, with the global market size projected to increase from $6.457 billion in 2020 to $9.195 billion by 2024, representing a compound annual growth rate (CAGR) of 9.2% [2] - China, as the largest automotive producer and consumer, is expected to see its automotive PCB market reach approximately 22.27 billion yuan in 2024, growing by 4.3% year-on-year, driven by the rapid advancement of electric vehicles and smart automotive technologies [2] Industry Overview - Printed Circuit Boards (PCBs) are essential components in various sectors, including automotive, consumer electronics, industrial, medical, and military applications [4] - In the automotive sector, PCBs must exhibit excellent electrical performance and reliability, with rigorous testing for high-temperature aging, low-temperature shock, and thermal cycling [8] - The automotive PCB market is characterized by a shift towards high-end products, with increasing demand for advanced technologies such as ADAS and electric vehicle components [2][4] Market Dynamics - The automotive PCB market is expected to expand further, reaching $9.712 billion in 2025, with a year-on-year growth of 5.6% [2] - The competitive landscape is evolving, with a tiered structure where international giants dominate high-end markets while Chinese companies focus on mid-range segments [2] - Key competitors in the automotive PCB space include companies like Huada Technology, Shennan Circuit, and Jinko Electronics, with market shares of 3.7%, 2.3%, and 4.1% respectively in 2024 [2][3] Application and Characteristics - Automotive PCBs are categorized into flexible PCBs, rigid PCBs, thick copper PCBs, multilayer PCBs, and HDI boards, each serving different applications based on their material properties [5] - Key features required for automotive PCBs include durability, lightweight design, high current carrying capacity, and thermal resistance, which are critical for various automotive applications such as battery management systems and electronic control units [5][8] Industry Supply Chain - The automotive PCB supply chain consists of upstream raw materials (electrolytic copper, wood pulp, fiberglass, synthetic resins), midstream manufacturing, and downstream applications in traditional and electric vehicles [6][7] - The manufacturing process is capital and technology-intensive, with high barriers to entry due to the lengthy certification processes required by automotive manufacturers [6]

Core Viewpoint - The company, Shenzhen South Circuit (002916), is addressing the impact of raw material price fluctuations on its operations and is implementing measures to enhance internal efficiency and maintain communication with suppliers and customers [1] Group 1: Raw Material Insights - The company's main raw materials include copper-clad laminates, semi-cured sheets, copper foil, gold salt, and ink, indicating a diverse range of inputs [1] - Prices of certain raw materials, such as gold salt and copper, have increased on a month-on-month basis due to changes in commodity prices [1] Group 2: Operational Strategies - The company plans to improve internal operational efficiency through enhancing process capabilities, accelerating technological innovation, and optimizing raw material inventory management [1] - Continuous monitoring of international market trends for copper and other commodities, as well as upstream raw material price transmission, is a priority for the company [1] - The company emphasizes maintaining proactive communication with suppliers and customers to navigate the challenges posed by raw material price changes [1]

证券代码：002916 证券简称：深南电路 公告编号：2026-002 深南电路股份有限公司 关于限制性股票激励计划（第二期）激励对象名单的 审核意见及公示情况说明 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。 深南电路股份有限公司（以下简称"公司"）分别于 2025 年 12 月 12 日、12 月 30 日召开第四届董事会第十次会议和第四届董事会第十一次会议，审议通过 了《深南电路股份有限公司 A 股限制性股票激励计划（第二期）（草案）》及其 摘要、《深南电路股份有限公司 A 股限制性股票激励计划（第二期）（草案修订 稿）》及其摘要等相关议案，具体内容详见披露于《证券时报》和巨潮资讯网 （http://www.cninfo.com.cn）的相关公告。 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《证券法》）、《上市公司股权激励管理办法》（以下简称《管理 办法》）等有关法律法规及规范性文件以及公司限制性股票激励计划（第二期） （以下简称"本激励计划"）的有关规定，公司对本激励计划拟授予的激励对象 名单在公司内部进 ...

Group 1 - The core viewpoint of the report is that the CSI Technology Advantage Growth 50 Strategy Index (referred to as Technology 50 Strategy) utilizes multiple factors such as growth, innovation, value, low volatility, and quality to select and weight stocks from the technology sector, aiming to provide investors with a multi-factor strategy investment target based on the technology industry [1][7][11] - As of December 31, 2025, the top ten constituent stocks of the Technology 50 Strategy Index are primarily leading companies across various technology sub-sectors, with the top five stocks accounting for 17.63% and the top ten stocks accounting for 30.93% of the index's total weight [1][10][11] - The index is biased towards large-cap stocks, with 31 constituents having a market capitalization exceeding 100 billion yuan, while only 2 constituents have a market capitalization below 10 billion yuan [1][11] Group 2 - The report compares the Technology 50 Strategy Index with other representative technology and innovation indices, noting that the Technology 50 Strategy Index achieved an annualized return of 11.96% from January 1, 2020, to December 31, 2025, ranking third among six technology and innovation indices [1][57][60] - The Technology 50 Strategy Index shows lower volatility in revenue growth compared to other indices, with a projected revenue growth rate of 33.65% for 2026, which is higher than that of the other five technology and innovation indices [1][61][62] - The selection of constituent stocks for the Technology 50 Strategy Index incorporates 11 factors, providing a more comprehensive evaluation compared to other indices that focus on fewer factors [1][67][68]

Core Viewpoint - Defu Technology (301511) has established stable partnerships with several well-known downstream manufacturers, indicating a strong market position and comprehensive product coverage across various applications by the mid-2025 semi-annual report [1] Group 1: Company Partnerships - Defu Technology has formed stable collaborations with notable companies such as Shenghong Technology (300476), Shunyi Technology, Panasonic, and others [1] - The partnerships include a diverse range of manufacturers, showcasing the company's extensive network within the industry [1] Group 2: Product Coverage - The company has achieved full category and application field coverage in its product line, enhancing its competitive edge in the market [1]