Core Viewpoint - The controlling shareholder of Hengmingda, Jing Shiping, along with concerted actors Jing Jingping, Xia Chen, and Jing Jiang, reduced their holdings by a total of 2.5561 million shares, representing 1% of the company's total share capital from August 1, 2025, to September 18, 2025 [1] Summary by Relevant Sections - Shareholding Changes - The aforementioned shareholders collectively decreased their shareholding ratio from 36% to 35% after the reduction [1] - Xia Chen mistakenly increased his holdings by 1,400 shares on August 28, 2025, which accounts for 0.0005% of the total share capital [1] - Transaction Details - The reduction in shareholding occurred through centralized bidding and block trading [1] - The changes in shareholding triggered thresholds of 1% and 5% [1]

Group 1 - The core point of the news is that Hengmingda's stock price increased by 5.01% to 45.50 CNY per share, with a trading volume of 314 million CNY and a turnover rate of 3.65%, resulting in a total market capitalization of 11.658 billion CNY [1] - Hengmingda Electronics, established on July 27, 2011, and listed on February 1, 2019, specializes in the design, research and development, production, and sales of consumer electronics functional components, protective products, and protective films [1] - The company's main revenue composition includes precision flexible structural components (82.85%), precision metal structural components (15.69%), and materials and others (1.46%) [1] Group 2 - From the perspective of fund holdings, Changjiang Asset Management has a fund that heavily invests in Hengmingda, specifically the Changjiang Intelligent Manufacturing Mixed Fund A (014339), which held 530,000 shares, accounting for 3.12% of the fund's net value, ranking as the eighth largest holding [2] - The Changjiang Intelligent Manufacturing Mixed Fund A (014339) was established on December 29, 2021, with a latest scale of 357 million CNY, and has achieved a year-to-date return of 22.7% [2] - The fund's performance over the past year shows a return of 60.01%, ranking 2330 out of 7980 in its category, and since its inception, it has returned 38.81% [2]

Company Overview - Hengmingda Electronics Technology Co., Ltd. is located in Kunshan, Jiangsu Province, established on July 27, 2011, and listed on February 1, 2019. The company specializes in the design, research and development, production, and sales of functional components, protective products, and protective films for consumer electronics [1]. - The main business revenue composition includes precision flexible structural components (82.85%), precision metal structural components (15.69%), and materials and others (1.46%) [1]. Financial Performance - As of June 30, 2025, Hengmingda achieved operating revenue of 1.244 billion yuan, representing a year-on-year growth of 32.18%. The net profit attributable to shareholders was 234 million yuan, with a year-on-year increase of 43.01% [2]. - Since its A-share listing, Hengmingda has distributed a total of 504 million yuan in dividends, with 333 million yuan distributed over the past three years [3]. Stock Market Activity - On September 18, Hengmingda's stock price decreased by 2.01%, closing at 43.30 yuan per share, with a trading volume of 322 million yuan and a turnover rate of 3.79%. The total market capitalization is 11.094 billion yuan [1]. - Year-to-date, Hengmingda's stock price has increased by 32.23%, with a slight decline of 0.62% over the last five trading days, a rise of 4.72% over the last 20 days, and an increase of 27.24% over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders is 19,900, a decrease of 2.53% from the previous period. The average number of circulating shares per person is 9,687, an increase of 2.60% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 1.9783 million shares, a decrease of 1.2304 million shares from the previous period. The Southern CSI 1000 ETF is a new entrant among the top ten shareholders, holding 1.6611 million shares [3].

Company Overview - Hengmingda Electronics Technology Co., Ltd. is located in Kunshan, Jiangsu Province, and was established on July 27, 2011. The company went public on February 1, 2019. Its main business includes the design, research and development, production, and sales of functional components, protective products, and protective films for consumer electronics [1]. Financial Performance - As of June 30, 2025, Hengmingda achieved operating revenue of 1.244 billion yuan, representing a year-on-year growth of 32.18%. The net profit attributable to shareholders was 234 million yuan, reflecting a year-on-year increase of 43.01% [2]. - The company has distributed a total of 504 million yuan in dividends since its A-share listing, with 333 million yuan distributed over the past three years [3]. Stock Performance - On September 17, Hengmingda's stock price increased by 2.01%, reaching 44.22 yuan per share, with a trading volume of 118 million yuan and a turnover rate of 1.41%. The total market capitalization is 11.33 billion yuan [1]. - Year-to-date, the stock price has risen by 35.04%, with a 6.12% increase over the last five trading days, a 6.43% increase over the last 20 days, and a 28.06% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders is 19,900, a decrease of 2.53% from the previous period. The average number of circulating shares per person is 9,687, which has increased by 2.60% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 1.9783 million shares, a decrease of 1.2304 million shares from the previous period. The Southern CSI 1000 ETF is the tenth largest shareholder, holding 1.6611 million shares as a new shareholder [3]. Business Segmentation - The main revenue composition of Hengmingda includes precision flexible structural components (82.85%), precision metal structural components (15.69%), and materials and others (1.46%) [1]. - The company operates within the electronic industry, specifically in the consumer electronics sector, focusing on components and assembly [1].

Company Overview - Hengmingda Electronic Technology Co., Ltd. is located in Kunshan, Jiangsu Province, established on July 27, 2011, and listed on February 1, 2019. The company specializes in the design, research and development, production, and sales of functional components, protective products, and protective films for consumer electronics [1]. Business Performance - The main revenue composition of Hengmingda includes: 82.85% from precision flexible structural components, 15.69% from precision metal structural components, and 1.46% from materials and others [1]. - As of September 11, the stock price increased by 5.06%, reaching 43.78 CNY per share, with a trading volume of 270 million CNY and a turnover rate of 3.28%. The total market capitalization is 11.217 billion CNY [1]. Fund Holdings - According to data from the top ten heavy stocks of funds, one fund under Ping An Asset Management holds a significant position in Hengmingda. The Ping An Rui Xiang Cultural Entertainment Mixed A Fund (002450) reduced its holdings by 224,700 shares in the second quarter, maintaining 732,200 shares, which accounts for 3.25% of the fund's net value, ranking as the tenth largest heavy stock [2]. - The Ping An Rui Xiang Cultural Entertainment Mixed A Fund was established on March 29, 2016, with a latest scale of 410 million CNY. Year-to-date returns are 45.84%, ranking 774 out of 8175 in its category; the one-year return is 82.18%, ranking 715 out of 7982; and since inception, the return is 235.38% [2]. Fund Manager Information - The fund manager of Ping An Rui Xiang Cultural Entertainment Mixed A Fund is Huang Wei, who has been in the position for 9 years and 27 days. The total asset scale of the fund is 2.833 billion CNY, with the best return during his tenure being 245.75% and the worst return being -12.25% [3].

Group 1: Core Technology Advantages - The company's core technology advantages lie in the "materials-process-manufacturing" collaborative innovation and deep integration across the entire chain, enhancing product performance and lightweight levels significantly [2] - The modular design and flexible manufacturing system allow early involvement in customer R&D processes, responding comprehensively to demands for lighter, thinner, and stronger structural components [2] - The self-developed intelligent AOI system, integrated with continuously iterated deep learning algorithms, ensures precise identification of micro-defects, guaranteeing product quality and reliability [2] Group 2: Development of Data Communication Business - The company has strategically positioned itself in the data communication sector for several years, becoming a qualified supplier for renowned communication brands, establishing a comprehensive technical collaboration and delivery system from R&D to mass production [3] - High-performance precision metal structural components are widely used in servers and switches, with stable product quality and efficient delivery capabilities fostering deep strategic partnerships with domestic terminal clients [3] - The company aims to seize industry development opportunities with the acceleration of global data center construction and the growing demand for AI servers, promoting sustainable high-quality development [3] Group 3: Capacity Layout in Southern China - The main production base in Southern China is located in Huizhou, covering precision flexible structural components and precision metal structural components, effectively meeting high-quality product supply demands for smart terminals and data communication [3] - The ongoing "Huizhou Hengmingda Intelligent Manufacturing Base Construction Project" will enhance the company's scalable capacity in Southern China, further strengthening its production capabilities in data communication and computing-related products [3] Group 4: Equity Incentive Plan and Financial Performance - In the first half of 2025, the company achieved a net profit attributable to shareholders of 234 million yuan, a year-on-year increase of 43.01%, reflecting the effectiveness of its long-term strategic development planning [4] - The company emphasizes steady operations through enhanced R&D innovation, forward-looking technology layout, continuous optimization of product structure, and deepening strategic customer cooperation [4] Group 5: Investment and Acquisition Considerations - The company focuses on the R&D and manufacturing of precision structural components, leveraging its rich production experience and stable customer cooperation network to maintain prudent operations [4] - Future strategies will include cautiously seizing opportunities in cutting-edge fields like AI, balancing internal growth with external acquisitions to explore new growth points [4] Group 6: Coverage in Consumer Electronics - The company has achieved full terminal device coverage in the consumer electronics sector, including smartphones, tablets, laptops, smart wearables, and AI PCs, maintaining long-term stable partnerships with world-renowned consumer electronics brands [5] - By leveraging its "materials-process-manufacturing" collaborative capabilities, the company actively engages in clients' cutting-edge R&D processes, aiming to enhance comprehensive competitiveness through continuous technological innovation and product line expansion [5]

Company Overview - Hengmingda Electronic Technology Co., Ltd. is located in Kunshan, Jiangsu Province, established on July 27, 2011, and listed on February 1, 2019. The company specializes in the design, research and development, production, and sales of functional components, protective products, and protective films for consumer electronics [1]. Business Performance - The main revenue composition of the company includes: precision flexible structural components (82.85%), precision metal structural components (15.69%), and materials and others (1.46%) [1]. - As of September 9, the stock price of Hengmingda fell by 5.03%, trading at 41.70 CNY per share, with a total transaction volume of 279 million CNY and a turnover rate of 3.40%. The total market capitalization is 10.684 billion CNY [1]. Fund Holdings - According to data from the top ten heavy stocks of funds, one fund under Ping An Asset Management holds shares in Hengmingda. The Ping An Rui Xiang Cultural Entertainment Mixed A Fund (002450) reduced its holdings by 224,700 shares in the second quarter, now holding 732,200 shares, which accounts for 3.25% of the fund's net value, ranking as the tenth largest heavy stock [2]. - The Ping An Rui Xiang Cultural Entertainment Mixed A Fund was established on March 29, 2016, with a latest scale of 410 million CNY. Year-to-date returns are 45%, ranking 790 out of 8179 in its category; the one-year return is 79.82%, ranking 775 out of 7984; and since inception, the return is 233.45% [2]. Fund Manager Information - The fund manager of Ping An Rui Xiang Cultural Entertainment Mixed A Fund is Huang Wei, who has a cumulative tenure of 9 years and 25 days. The total asset scale of the fund is 2.833 billion CNY, with the best fund return during his tenure being 250.19% and the worst being -11.38% [3].

Company Overview - Hengmingda Electronics Technology Co., Ltd. is located in Kunshan, Jiangsu Province, established on July 27, 2011, and listed on February 1, 2019 [1] - The company's main business includes the design, research and development, production, and sales of functional components for consumer electronics, protective products, and protective films [1] - The revenue composition is as follows: precision flexible structural components 82.85%, precision metal structural components 15.69%, and materials and others 1.46% [1] Financial Performance - As of June 30, 2025, Hengmingda achieved operating revenue of 1.244 billion yuan, a year-on-year increase of 32.18% [2] - The net profit attributable to shareholders was 234 million yuan, reflecting a year-on-year growth of 43.01% [2] - The company has distributed a total of 504 million yuan in dividends since its A-share listing, with 333 million yuan in the last three years [3] Stock Market Activity - On September 8, Hengmingda's stock price increased by 2.04%, reaching 44.10 yuan per share, with a trading volume of 298 million yuan and a turnover rate of 3.54% [1] - The total market capitalization is approximately 11.299 billion yuan [1] - Year-to-date, the stock price has risen by 34.68%, with a 0.92% increase over the last five trading days, 16.48% over the last 20 days, and 28.91% over the last 60 days [1] Shareholder Information - As of June 30, 2025, the number of shareholders is 19,900, a decrease of 2.53% from the previous period [2] - The average number of circulating shares per shareholder is 9,687, an increase of 2.60% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 1.9783 million shares, a decrease of 1.2304 million shares from the previous period, while Southern CSI 1000 ETF is a new entrant holding 1.6611 million shares [3] Market Position - Hengmingda is classified under the Shenwan industry as electronics-consumer electronics-consumer electronic components and assembly [1] - The company is associated with several concept sectors, including consumer electronics, Xiaomi concept, smartphones, smart wearables, and Xiaopeng Motors concept [1]

Core Viewpoint - The company Hengmingda (002947.SZ) has recently engaged in investor relations activities, indicating its strategic focus on the data communication and computing infrastructure sectors, positioning itself as a qualified supplier for well-known premium communication brands [1] Group 1 - The company has established a presence in the data communication and computing infrastructure fields [1] - Hengmingda specializes in the research and manufacturing of high-end precision metal structural components [1] - The company's products are widely used in computing servers and other data communication equipment [1]

Core Viewpoint - The company Hengmingda (002947.SZ) has recently engaged in investor relations activities, indicating its strategic focus on the data communication and computing power infrastructure sectors, positioning itself as a qualified supplier for well-known premium communication brands [1] Group 1 - The company has established a presence in the data communication and computing power infrastructure fields [1] - Hengmingda specializes in the research and manufacturing of high-end precision metal structural components [1] - The company's products are widely used in computing power servers and other data communication equipment [1]