Industry Overview - Substrate-like PCB (SLP) is a new type of circuit board positioned between traditional PCBs and semiconductor packaging substrates, experiencing rapid development in recent years [1][4] - The global SLP market size is projected to reach 31.5 billion yuan in 2024, with a year-on-year growth of 6.06% [1][15] - SLP technology meets the increasing demand for miniaturization and high performance in electronic products, with line width/spacing reduced to 20/35 microns, allowing for double the component density compared to traditional HDI [1][15] Industry Development History - The SLP industry in China has gone through four stages: the initial stage (2010-2016), the startup phase (2017-2020), the scaling phase (2021-2023), and the internationalization phase (2024-present) [4][5][6] - The introduction of SLP technology by Apple in the iPhone X marked its commercial application, leading to increased demand from consumer electronics [4][5] - Chinese manufacturers like Pengding Holdings and Shenzhen Sannan Circuit began to break the technological monopoly of international firms during the startup phase [5][6] Industry Chain - The upstream of the SLP industry chain includes raw materials (copper foil, resin, glass fiber cloth, etc.) and production equipment (laser drilling machines, plating equipment, etc.) [9] - The midstream involves the manufacturing of SLP, while the downstream applications include smartphones, wearable devices, automotive electronics, data centers, and 5G communication devices [9] Market Size - The SLP market is expected to continue growing, driven by advancements in technology and increasing demand for high-density circuit boards [15][24] - The market is projected to expand further by 2030, particularly in China, due to the proliferation of 5G networks and upgrades in consumer electronics [24] Key Companies' Performance - Pengding Holdings, a leading PCB manufacturer, has achieved significant revenue growth, with SLP-related income accounting for over 45% of total revenue in 2024 [21] - Shenzhen Sannan Circuit has made advancements in SLP technology, achieving mass production of 25μm line width/spacing and continuously pushing towards 20μm [19][21] - Shenzhen Jingwang Electronics has established a strong position in the high-end PCB market, with a focus on SLP technology and significant revenue growth in 2025 [19][21] Industry Development Trends - The SLP technology is advancing towards higher density and finer lines, with line width/spacing shrinking to below 15/15 microns for applications in AR/VR and 6G communication [6][23] - The demand for high-performance PCBs is expected to drive industry expansion, with companies focusing on capacity expansion and technological upgrades to meet market needs [24][25] - Increased competition is anticipated, leading to higher market concentration, with leading companies solidifying their positions through innovation and market integration [25]

Group 1 - The company approved a profit distribution plan at the 2024 annual shareholders' meeting, proposing a cash dividend of 10.00 yuan per 10 shares (including tax) based on the distributable profits of the parent company [1][2][3] - The total cash dividend to be distributed amounts to 2,318,051,016 yuan, calculated based on the current total share capital of 2,318,051,016 shares [1][2] - The profit distribution will be adjusted if there are changes in the total share capital due to share buybacks or equity incentives before the implementation of the distribution plan [1][2] Group 2 - The cash dividend per share is calculated as the total cash dividend divided by the total share capital, resulting in a cash dividend of 10.0000 yuan per 10 shares [2] - The record date for the profit distribution is set for June 17, 2025, and the ex-dividend date is June 18, 2025 [5] - The distribution will be directly credited to the shareholders' accounts through their custodial securities companies on the ex-dividend date [5]

证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-039 鹏鼎控股（深圳）股份有限公司 2024 年年度利润分配实施公告 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： 鹏鼎控股（深圳）股份有限公司（以下简称"公司"或"本公司"）2024年年度 股东会通过的2024年年度利润分配方案为：以母公司可供分配的利润为依据，以 2024年12月31日的总股本2,318,560,816股，扣除拟回购注销的2021年限制性股 票激励计划及2024年限制性股票激励计划部分限制性股票，向全体股东每10股派 发现金红利10.00元（含税），不送红股，不以资本公积金转增股本。除上述因回 购注销限制性股票导致公司利润分配总股本发生变化外，如后续在分配方案实施 前公司利润分配总股本由于股份回购或股权激励等原因而发生变化时，分配比例 将按分派总额不变的原则相应调整。 截至2025年6月9日，公司回购注销限制性股票已完成，故本次利润分配以目 前总股本2,318,051,016股为依据，向全体股东每10股派发现金红利10.00元（含 税），共计派发现金股利人民币2 ...

证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-038 鹏鼎控股（深圳）股份有限公司 关于公司2021年限制性股票激励计划及2024年限制性股票激励 计划部分限制性股票回购注销完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、公司本次回购注销 2021 年限制性股票激励计划及 2024 年限制性股票激 励计划部分限制性股票 509,800 股，占回购注销前公司总股本的 0.0220%；其中， 公司回购注销 2021 年限制性股票计划部分限制性股票 409,800 股，回购价格为 16.44 元/股，共涉及激励对象 249 人；公司回购注销 2024 年限制性股票计划部 分限制性股票 100,000 股，回购价格为 17.70 元/股，共涉及激励对象 4 人。 2、经中国证券登记结算有限责任公司深圳分公司审核确认，公司本次部分 A 股限制性股票回购注销事项已于 2025 年 6 月 9 日办理完成。本次回购注销完 成后，公司总股本由 2,318,560,816 股减少为 2,318,051,016 股。 鹏鼎控股（深圳） ...

Group 1 - Baiyunshan received drug registration certificate for Tadalafil tablets (2.5mg, 5mg) from the National Medical Products Administration, indicating its entry into the erectile dysfunction treatment market [1] - Huayin Power plans to invest approximately 1.398 billion yuan in three renewable energy projects with a total installed capacity of 230 MW [2] - GAC Group reported a 24.8% year-on-year decline in May automobile sales, with total sales of 117,700 units [3] Group 2 - Honghui Fruits and Vegetables announced a potential change in control due to share transfer negotiations, leading to a temporary suspension of its stock and convertible bonds [4] - Fuyuan Pharmaceutical's subsidiary received a drug registration certificate for Bromhexine Hydrochloride oral solution, aimed at treating respiratory diseases [5][6] - Jianghan New Materials plans to repurchase shares worth 200 million to 400 million yuan, with a maximum price of 30 yuan per share [7][8] Group 3 - Sinan Navigation received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau due to multiple issues in its 2024 annual report [9][10] - Hesheng Co. received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [11] - Daqin Railway reported a 1.85% year-on-year decrease in cargo transportation volume in May, totaling 32.96 million tons [13] Group 4 - Ningbo Construction's subsidiary won a design and construction project with a bid of 787 million yuan [14] - Yuehongyuan A announced the termination of a major asset restructuring plan due to failure to reach an agreement on key terms [15][16] - Mingyang Smart Energy reached a 190 million yuan repurchase agreement with Haiji New Energy [18] Group 5 - CNE Group's subsidiary plans to reduce registered capital from 430 million yuan to 330 million yuan [19] - ST Baili received an administrative penalty for failing to disclose non-operating fund occupation matters, resulting in a fine of 4 million yuan [21] - Baichuan Co. completed the repurchase of a 7.14% stake in its subsidiary for 50 million yuan [22] Group 6 - Dongrui Co. reported May sales of 155,400 pigs, generating revenue of 203 million yuan, a decrease of 8.77% month-on-month [25][26] - Pengding Holdings reported a 22.43% year-on-year increase in May consolidated revenue, totaling 2.598 billion yuan [27] - Dabeinong reported May sales of 727,600 pigs, with total revenue of 1.248 billion yuan [28] Group 7 - Lihua Co. reported a 4.77% year-on-year decrease in May chicken sales revenue, totaling 1.118 billion yuan [29][30] - Jindan Technology plans to use up to 300 million yuan of idle funds for entrusted wealth management [31] - Youxunda won a project from the State Grid worth approximately 176 million yuan [33][34] Group 8 - Shenglan Co. received approval for its convertible bond issuance from the Shenzhen Stock Exchange [35][36] - Jingfang Technology's shareholder plans to reduce holdings by up to 2% of the company's shares [37] - Shiji Information's subsidiary signed a significant contract with Marriott for cloud services [39] Group 9 - Northeast Securities' subsidiary plans to terminate its listing on the New Third Board [40] - Yaji International's supervisor is under investigation for insider trading [42][43] - Yian Technology signed a strategic cooperation framework agreement with Shenzhen Hive Interconnect Technology [44] Group 10 - Jinyu Group's subsidiary acquired a real estate project for 3.364 billion yuan [46][47] - Kaiweite's major shareholder plans to reduce holdings by up to 3% of the company's shares [48] - Ningbo Energy's subsidiary plans to publicly transfer fixed assets valued at approximately 17.4372 million yuan [49]

2025 年 5 月营业收入简报 证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-037 鹏鼎控股（深圳）股份有限公司 公司 2025 年 5 月合并营业收入为人民币 259,801 万元，较去年同期的合并 营业收入增加 22.43%。 特此公告。 鹏鼎控股（深圳）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。 特别提示：鹏鼎控股(深圳)股份有限公司(以下简称"本公司"或"公司") 之间接控股股东臻鼎科技控股股份有限公司（以下简称"臻鼎科技"）为台湾 地区上市公司，臻鼎科技需按照台湾证券交易所相关规定，披露每月营业收入 数据。为使 A 股投资者能够及时了解公司的经营情况，本公司亦同步在深圳证 券交易所指定的信息披露媒体上披露本公司营业收入。 本简报为初步核算数据，未经会计师事务所审计或审阅，最终数据以公司 定期报告为准，敬请投资者注意投资风险。 董 事 会 2025 年 6 月 7 日 ...

Group 1 - The core point of the article is that Pengding Holdings (002938) announced a consolidated revenue of RMB 2.598 billion for May 2025, representing a 22.43% increase compared to the same period last year [1]

Company Overview - Pengding Holdings (002938) received a profit distribution of 1.5 billion yuan from its subsidiary Hongqisheng Precision Electronics for the year 2024, which will increase the parent company's net profit for 2025 but will not affect the consolidated net profit of the listed company for 2025 [1] - Hongqisheng has consistently distributed profits to Pengding Holdings, with amounts increasing over the years: 500 million yuan in 2021, 600 million yuan in 2022, 1.5 billion yuan in 2023, and 2 billion yuan in 2024 [1] - In 2024, Pengding Holdings achieved operating revenue of 35.14 billion yuan and a net profit attributable to the parent company of 3.62 billion yuan, representing a year-on-year growth of approximately 10% [2] Business Performance - The gross profit margin for Pengding Holdings in 2024 was 20.8%, with significant growth in revenue from automotive and server boards, which reached 1.025 billion yuan, a year-on-year increase of 90.34% [2] - The company has established comprehensive cooperation with several domestic Tier 1 manufacturers and successfully passed certifications from international Tier 1 clients, leading to mass production of radar computing boards and domain control boards [2] - AI technology has become a key growth driver for the company, with expectations that AI-related business revenue will exceed 70% in the near future [3] Production Capacity and Investment - Pengding Holdings is expanding its production capacity with several projects, including a high-end soft board project in Kaohsiung, a high-level HDI and SLP project in Huai'an, and an automotive and server-related hard board project in Thailand [3] - The company plans to invest 5 billion yuan in capital expenditures in 2025, focusing on high-value-added products and digital transformation projects [3] - The overall PCB market is projected to reach a value of 73.565 billion USD in 2024, with a year-on-year growth of 5.8%, indicating a recovery point for the industry [3] Industry Outlook - The PCB industry is expected to experience structural upgrades driven by the penetration of AI technology into terminal devices, with global PCB market value projected to grow at a compound annual growth rate of 4.8% from 2025 to 2029, exceeding 94 billion USD by 2029 [4]

鹏鼎控股(深圳)股份有限公司（以下简称"公司"）于 2025 年 6 月 3 日收 到全资子公司宏启胜精密电子（秦皇岛）有限公司 2024 年度利润分配款人民币 1,500,000,000.00 元。 本次分红将增加母公司 2025 年度净利润，但不增加公司 2025 年度合并报表 净利润，不会影响公司 2025 年度整体经营业绩，敬请广大投资者注意投资风险。 特此公告。 鹏鼎控股（深圳）股份有限公司 董 事 会 证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-036 鹏鼎控股（深圳）股份有限公司 关于收到全资子公司利润分配款的公告 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。 2025 年 6 月 4 日 ...

Group 1 - The company announced that it received a profit distribution of 1.5 billion RMB from its wholly-owned subsidiary, Hongqi Sheng Precision Electronics Co., Ltd., for the fiscal year 2024 [1] - This dividend will increase the net profit of the parent company for the fiscal year 2025, but it will not affect the consolidated net profit of the company for the same year [1] - The overall operating performance of the company for the fiscal year 2025 will remain unaffected by this distribution [1]