证券代码：002925 证券简称：盈趣科技 公告编号：2026-007 厦门盈趣科技股份有限公司 关于回购股份注销完成暨股份变动公告 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、厦门盈趣科技股份有限公司（以下简称"公司"）本次注销的回购股份数量 为5,772,731股，占本次注销前公司总股本的0.7425%，本次注销完成后，公司总股本 由777,441,784股变更为771,669,053股。 2、经中国证券登记结算有限责任公司深圳分公司确认，公司本次回购股份注销 事宜已于2026年1月16日办理完成。 根据《深圳证券交易所上市公司自律监管指引第9号——回购股份》等相关法律 法规规定，现就本次回购公司股份注销完成的具体情况公告如下： 2025 年 9 月 8 日，公司召开第五届董事会第二十次会议，审议通过了《关于调整 回购股份价格上限并延长实施期限的议案》，公司将回购股份价格上限由 16.58 元/股 （含）调整为 23.00 元/股（含），并同时将公司股份回购实施期限调整至 2026 年 3 月 8 日止。具体内容详见公司披露的《关于调整 ...

Core Viewpoint - The company expects significant growth in revenue and net profit for 2025, driven by stabilization in various business segments and strategic investments in global operations and R&D [1][2][4]. Group 1: Revenue and Profit Forecast - The company anticipates 2025 revenue between 4.037 billion and 4.216 billion yuan, representing a year-on-year growth of approximately 13% to 18% [1][2]. - The projected net profit attributable to shareholders is expected to be between 540 million and 660 million yuan, showing a substantial year-on-year increase of 114.69% to 162.40% [1][2]. - For Q4 2025, the company forecasts revenue of 1.155 billion to 1.334 billion yuan, with a year-on-year growth of 11.72% to 29.03% [1][2]. Group 2: Business Segment Performance - The company’s automotive electronics segment is expected to face increased competition, but it plans to enhance its market share through technological advancements and resource reallocation [2]. - The health and environment segment is projected to grow rapidly due to core customer projects entering mass production, with ongoing collaboration and product line expansion [2]. - The E-bike product inventory has returned to healthy levels, indicating a gradual recovery in demand [2]. Group 3: Fair Value Changes and Net Profit Drivers - The significant increase in net profit is attributed to substantial fair value changes in the company's equity investments, expected to add 381 million yuan to net profit attributable to shareholders [3]. - The company’s non-recurring net profit is expected to remain stable compared to the previous year, despite rising expenses due to increased R&D investments and a new equity incentive plan [3]. Group 4: Fundraising and Strategic Investments - The company plans to raise up to 800 million yuan through a private placement to enhance its global operations and R&D capabilities [4]. - The raised funds will focus on expanding manufacturing bases in Malaysia and Mexico, optimizing the product structure in the health environment sector, and upgrading R&D centers to strengthen technological capabilities [4]. Group 5: Investment Outlook - The company is positioned as a platform enterprise in the innovative consumer electronics and IoT sectors, with strong foundational R&D capabilities and a leading UDM system [5]. - Continued investment in R&D and expansion in automotive electronics and health products are expected to drive profitability growth, with projected revenues of 4.238 billion, 5.235 billion, and 6.271 billion yuan from 2025 to 2027 [5]. - The forecasted net profit for the same period is 545 million, 491 million, and 588 million yuan, with corresponding P/E ratios indicating a favorable investment outlook [5].

Investment Rating - The investment rating for the company is maintained at "Buy-A" with a 12-month target price of 26.50 CNY [5]. Core Insights - The company is expected to achieve a revenue of 4.037 to 4.216 billion CNY in 2025, representing a year-on-year growth of approximately 13% to 18%. This growth is attributed to the alleviation of adverse business fluctuations and stable development across various sectors including innovative consumer electronics, automotive electronics, and health environment [2][3]. - The company's net profit for 2025 is projected to be between 540 to 660 million CNY, indicating a significant year-on-year increase of 114.69% to 162.40%. However, the non-recurring net profit is expected to decline by 7.60% to 9.20% [1][3]. - The company plans to raise up to 800 million CNY through a private placement to enhance its global layout and upgrade research and development capabilities [4][8]. Financial Performance - The company anticipates a substantial increase in net profit for Q4 2025, with estimates ranging from 362 to 482 million CNY, reflecting a year-on-year growth of 355.16% to 506.06% [1][3]. - The expected revenue for Q4 2025 is projected to be between 1.155 to 1.334 billion CNY, with a year-on-year growth of 11.72% to 29.03% [1]. - The company is focusing on strengthening its automotive electronics business by enhancing the technical barriers of its star products and expanding its market share through resource reuse in new categories [2][8]. Future Projections - Revenue forecasts for the company from 2025 to 2027 are estimated at 4.238 billion CNY, 5.235 billion CNY, and 6.271 billion CNY, with year-on-year growth rates of 18.63%, 23.51%, and 19.80% respectively [8]. - The projected net profit for the same period is expected to be 545 million CNY, 491 million CNY, and 588 million CNY, with growth rates of 116.76%, -10.01%, and 19.83% respectively [8].

Group 1 - The core viewpoint of the article is that Yingqu Technology's development of "satellite ground terminals and modules" is still in the research and development stage [2] Group 2 - The company responded to investor inquiries on its interactive platform regarding its current projects [2]

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。 厦门盈趣科技股份有限公司（以下简称"公司"）近日接到控股股东深圳万 利达电子工业有限公司（以下简称"万利达工业"）通知，获悉万利达工业所持 有本公司的部分股份办理了解除质押业务，具体事项如下： 一、控股股东股份解除质押的基本情况 | 股东名称 | 是否为控股 股东或第一 | | 本次解除质押 | 占其所 持股份 | 占公司总 | 质押 | 解除 质押日 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 大股东及其 一致行动人 | | 股份数量（股） | 比例 | 股本比例 | 起始日 | | | | 万利达工业 | | 是 | 11,550,000 | 2.97% | 1.49% | 2024/1/15 | 2026/1/14 | 华福证券有限 | | | | | 1,700,000 | 0.44% | 0.22% | 2024/6/4 | 2026/1/14 | 责任公司 | | | 合计 | | 13,250,000 | 3 ...

Core Viewpoint - The company has not yet officially commenced the customized research and development of satellite payload control and ground station equipment, but it will assess technical compatibility and collaboration opportunities based on market demand and strategic planning [1] Group 1: Company Activities - The company maintains a high level of attention to commercial aerospace, which is an important direction for national strategic emerging industries [1] - The company is in communication with several enterprises in the industry [1]

Core Viewpoint - Yingqu Technology's stock price has shown a significant increase of 23.97% year-to-date, despite a recent decline of 2.01% on January 14, with a current trading price of 21.00 CNY per share [1]. Financial Performance - For the period from January to September 2025, Yingqu Technology achieved a revenue of 2.882 billion CNY, representing a year-on-year growth of 13.51%. The net profit attributable to shareholders was 178 million CNY, reflecting a growth of 3.52% year-on-year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Yingqu Technology reached 55,300, an increase of 69.27% compared to the previous period. The average number of circulating shares per shareholder decreased by 40.92% to 13,305 shares [2]. Dividend Distribution - Since its A-share listing, Yingqu Technology has distributed a total of 3.812 billion CNY in dividends, with 1.297 billion CNY distributed over the past three years [3]. Stock Market Activity - On January 14, 2025, Yingqu Technology experienced a net outflow of main funds amounting to 64.76 million CNY, with large orders showing a buy of 1.05 billion CNY and a sell of 1.45 billion CNY [1].

Core Viewpoint - 盈趣科技's financial performance has shown a downward trend in key metrics such as revenue, net profit, and gross margin, but the company claims that the adverse factors have significantly improved [1]. Financial Performance - During the reporting period, 盈趣科技's revenue was 4.35 billion, 3.86 billion, 3.57 billion, and 2.88 billion respectively, with net profit attributable to the parent company being 616.84 million, 386.67 million, 238.09 million, and 167.88 million. The gross margins were 30.43%, 30.70%, 28.36%, and 27.11%, all showing a declining trend [2]. - The company attributes the performance fluctuations to product structure adjustments, intensified market competition, and changes in customer demand. Notably, revenue from innovative consumer electronics is expected to decline significantly in 2023 and 2024 due to product transitions and inventory reductions [2]. International Business and Trade Policy Impact - 盈趣科技's overseas revenue accounted for 85.92%, 78.16%, 75.58%, and 73.29% during the reporting period, with a significant portion of sales directed to North America and Europe. Sales to the U.S. decreased from 37.92% in 2022 to 22.34% in the first nine months of 2025 [3]. - The company has established overseas production bases in Malaysia, Hungary, and Mexico to mitigate trade friction risks, and the impact of U.S. tariffs on Chinese goods is limited due to the majority of products being produced overseas [3]. Customer Concentration and Dependency Risk - The sales to the top five customers represented 63.03%, 48.52%, 43.82%, and 37.91% of total revenue during the reporting period, indicating a decreasing trend in customer concentration [4]. - Despite the high customer concentration, the company emphasizes strong historical relationships and high customization levels with major clients, which include well-known international and technology companies across various sectors [4]. Capacity Utilization and Fixed Asset Impairment - The capacity utilization rates were 91.74%, 84.31%, 78.40%, and 71.64%, showing a downward trend attributed to fluctuations in downstream market demand [5]. - The company reports no idle or obsolete fixed assets, and the management of fixed assets is deemed compliant and efficient, with no impairment provisions required [5]. Accounts Receivable and Inventory Management - The accounts receivable values were 1.09 billion, 1.11 billion, 1.19 billion, and 1.24 billion, showing an upward trend, with over 90% of accounts receivable aged within one year [6]. - Inventory values were 863 million, 788 million, 758 million, and 892 million, with a majority of inventory aged within one year, and the company maintains a cautious approach to inventory impairment provisions [6]. Fundraising Project Rationality and Capacity Digestion - The company plans to raise no more than 776.9 million for the expansion of its manufacturing bases in Malaysia and Mexico, as well as for health environment product expansion and R&D center upgrades [8]. - Despite low current capacity utilization, the company believes the fundraising projects are strategically sound based on global capacity layout and anticipated market recovery, expecting an additional annual revenue of approximately 2.19 billion and net profit of about 218 million post-project completion [8]. Goodwill Impairment Risk - As of September 2025, the goodwill value was 286.91 million, primarily from previous acquisitions, with no signs of impairment noted [9]. - The company anticipates a revenue growth of 13%-18% for 2025, continuing to optimize its global layout and product structure to enhance core competitiveness [9].

证券代码：002925 证券简称：盈趣科技 厦门盈趣科技股份有限公司 Xiamen Intretech Inc. （厦门市海沧区东孚西路 100 号） 向特定对象发行 A 股股票 募集说明书 （深圳市福田区福田街道福华一路 111 号） 二〇二六年一月 （修订稿） 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 保荐人（主承销商） 盈趣科技向特定对象发行 A 股股票申请文件 募集说明书 声明 公司及全体董事、高级管理人员承诺本募集说明书内容真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相应 的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计 ...

招商证券股份有限公司 关于厦门盈趣科技股份有限公司 向特定对象发行股票 之 发行保荐书 保荐机构（主承销商） （深圳市福田区福田街道福华一路 111 号） 二〇二六年一月 盈趣科技向特定对象发行 A 股股票申请文件 发行保荐书 声 明 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）接受厦门 盈趣科技股份有限公司（以下简称"发行人""公司"或"盈趣科技"）的委托， 担任发行人向特定对象发行股票事项（以下简称"本次发行"）的保荐机构。 本保荐机构及保荐代表人根据《中华人民共和国公司法》、《中华人民共和 国证券法》、《上市公司证券发行注册管理办法》、《证券发行上市保荐业务管 理办法》等有关法律、行政法规和中国证券监督管理委员会的规定，诚实守信， 勤勉尽责，严格按照依法制订的业务规则、行业执业规范和道德准则出具本发行 保荐书，并保证所出具文件的真实性、准确性和完整性。 本发行保荐书中所有简称和释义，如无特别说明，均与募集说明书一致。 3-1-1 | 声 明 1 | | --- | | 目 录 2 | | 一、本次证券发行基本情况 3 | | （一）保荐机构、保荐代表人、项目组成员介绍 3 | | （二）发 ...