Market Overview - The computer equipment sector experienced a decline of 1.1% on January 29, with ZhenTong Electronics leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable gainers in the computer equipment sector included: - RuiMing Technology (002970) with a closing price of 60.91, up 10.01% and a trading volume of 171,800 shares, totaling 1.044 billion yuan [1] - MeiAnSen (300275) closed at 13.69, up 3.79% with a trading volume of 243,300 shares, totaling 330 million yuan [1] - Major decliners included: - ZhenTong Electronics (002197) closed at 8.70, down 6.25% with a trading volume of 300,200 shares, totaling 270 million yuan [2] - YuTong Optics (300790) closed at 27.05, down 6.08% with a trading volume of 184,400 shares, totaling 510 million yuan [2] Capital Flow - The computer equipment sector saw a net outflow of 1.766 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.293 billion yuan [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - RuiMing Technology (002970) had a net inflow from institutional investors of 1.75 billion yuan, while retail investors saw a net outflow of 34.85 million yuan [3] - New大陆 (000997) experienced a net inflow of 68.71 million yuan from institutional investors, but a significant outflow of 648.16 million yuan from retail investors [3] - MeiAnSen (300275) had a net inflow of 30.47 million yuan from institutional investors, with a slight net inflow from retail investors of 51,370 yuan [3]

Core Viewpoint - *ST Shengxun (003004.SZ) forecasts a net profit attributable to shareholders of the parent company for 2025 to be between -6 million and -12 million yuan, showing an improvement from -51.2 million yuan in the same period last year [1] Financial Performance Summary - The company expects 2025 annual revenue to be between 365 million and 415 million yuan [1] - The projected net profit after deducting non-recurring gains and losses for 2025 is estimated to be between -7.3 million and -13.3 million yuan, compared to -55.3 million yuan in the previous year [1] - The total profit for 2025 is expected to be between -6 million and -3 million yuan, reflecting an 88.9% increase compared to the previous year [2] - The net profit attributable to shareholders is projected to improve by 75.56% compared to last year, with estimates between -12 million and -6 million yuan [2] - The net profit after deducting non-recurring gains and losses is expected to show a 75.93% increase, with estimates between -13.3 million and -7.3 million yuan [2] Historical Financial Data - In 2024, the company achieved a revenue of 302 million yuan, a year-on-year increase of 7.85% [2] - The net profit attributable to shareholders for 2024 was -51 million yuan, compared to 25 million yuan in the previous year [2] - The net cash flow from operating activities for 2024 was -5.6 million yuan, down from -0.1 million yuan in the previous year [2] Company Background - *ST Shengxun was listed on the Shenzhen Stock Exchange on November 26, 2020, with an initial public offering of 20.46 million shares at a price of 20.26 yuan per share [3] - The total amount raised from the IPO was 415 million yuan, with a net amount of 378 million yuan after expenses [3] - The company issued 2.8 million convertible bonds in December 2022, raising a total of 280 million yuan [3]

Core Viewpoint - *ST Shengxun (003004.SZ) expects a revenue of 365 million to 415 million yuan for 2025, with a net profit attributable to shareholders ranging from -12 million to -6 million yuan, and a net profit after deducting non-recurring gains and losses between -13.3 million and -7.3 million yuan [1] Group 1 - The company's revenue growth is attributed to the acquisition of Zhejiang Zhongchen, which will be consolidated into the company's financial statements [1] - The company has focused on cost reduction and efficiency improvement, leading to a decrease in three major expenses [1] - Enhanced collection efforts on accounts receivable have reduced impairment losses, contributing to a narrower loss margin [1]

Core Viewpoint - *ST Shengxun (003004) expects a net profit for 2025 to be between -12 million and -6 million, compared to a loss of approximately 51.2 million in the same period last year [1] Financial Performance - The company anticipates a net profit excluding non-recurring gains and losses for 2025 to be between -13.3 million and -7.3 million [1] - Projected operating revenue for 2025 is estimated to be between 350 million and 400 million [1] Stock Market Implications - Starting from May 6, 2025, the company's stock will be subject to delisting risk warning by the Shenzhen Stock Exchange [1] - The company may face termination of listing if it meets certain conditions, including negative values for audited total profit, net profit, and net profit excluding non-recurring gains and losses, along with operating revenue below 300 million [1] Reasons for Performance Changes - The increase in revenue is attributed to the acquisition of Zhejiang Zhongchen, which has been consolidated into the company's financials [1] - The company has focused on cost reduction and efficiency improvement, leading to a decrease in three types of expenses [1] - Enhanced collection efforts on accounts receivable have reduced impairment losses, contributing to a narrowing of the loss margin [1]

| 证券代码：003004 | 声迅 证券简称：*ST | 公告编号：2026-008 | | --- | --- | --- | | 债券代码：127080 | 债券简称：声迅转债 | | 北京声迅电子股份有限公司 关于公司股票及可转换公司债券可能被终止上市的 风险提示公告 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、北京声迅电子股份有限公司（以下简称"公司"）于 2025 年 4 月 30 日 披露了《关于公司股票交易被实施退市风险警示暨股票停牌的公告》，公司股票 于 2025 年 5 月 6 日开市起被实施退市风险警示。若公司出现《深圳证券交易所 股票上市规则》（以下简称"《股票上市规则》"）第 9.3.12 条规定的情形，公 司股票及可转换公司债券存在被终止上市的风险。 2、根据《股票上市规则》第 9.3.6 条的规定："上市公司因触及本规则第 9.3.1 条第一款第一项至第三项情形，其股票交易被实施退市风险警示后，应当 在其股票交易被实施退市风险警示当年会计年度结束后一个月内，披露股票可能 被终止上市的风险提示公告，在首次风险提示 ...

Core Viewpoint - The company *ST Shengxun announced that its stock will be subject to delisting risk warning starting May 6, 2025, due to negative total profit and net profit for the fiscal year 2024, along with a revenue of 282 million yuan falling below the threshold of 300 million yuan [1] Financial Performance - The company expects a non-recurring net profit for 2025 to be between -13.3 million yuan and -7.3 million yuan, with revenue projected to be between 350 million yuan and 400 million yuan, which is unaudited [1] - If the relevant indicators for 2025 meet the required standards and no other warning conditions arise, the company will apply to revoke the delisting risk warning, although this remains uncertain [1]

Financial Performance - The company expects a net profit of negative value for the fiscal year 2025, with total revenue projected at approximately ¥36,500 million, down from ¥41,500 million in the previous year[2][3] - The total profit is anticipated to be around -¥600 million, an improvement of 88.90% compared to -¥5,407.48 million in the previous year[3] - The net profit attributable to shareholders is expected to be -¥1,200 million, showing a 75.56% increase from -¥5,119.57 million year-on-year[3] Revenue and Growth - The company has acquired Zhejiang Zhongchen, which contributed to revenue growth during the reporting period[6] Cost Management - The company has focused on cost reduction and efficiency improvement, leading to a decrease in all three major expenses[6] - The company has intensified efforts to collect accounts receivable, resulting in reduced impairment losses related to receivables[6] Equity and Financial Position - The company’s total equity attributable to shareholders is projected to be ¥70,700 million at the end of the fiscal year, slightly down from ¥71,300 million at the end of the previous year[3] Audit and Compliance - The financial data provided is preliminary and has not been audited, which may lead to discrepancies in the final reported figures[7] - The company’s stock is under delisting risk warning due to negative profits and revenue below ¥300 million in the previous year[7] - The company will apply to lift the delisting risk warning after the audited annual report for 2025 is released, if conditions are met[7]

股票简称：*ST声迅 股票代码：003004.SZ 债券简称：声迅转债 债券代码：127080.SZ 北京声迅电子股份有限公司 公开发行可转换公司债券 第一次临时受托管理事务报告 （2026年度） 债券受托管理人 二〇二六年一月 重要声明 本 报 告 依 据 《 可 转 换 公 司 债 券 管 理 办 法 》 （ 以 下 简 称 " 《 管 理 办 法》"）、《北京声迅电子股份有限公司（作为发行人）与中邮证券有限责任 公司（作为可转换公司债券受托管理人）关于北京声迅电子股份有限公司公开 发行可转换公司债券并上市之债券受托管理协议》（以下简称"《受托管理协 议》"）、《北京声迅电子股份有限公司公开发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）等相关公开信息披露文件、第三方中介机构 出具的专业意见等，由债券受托管理人中邮证券有限责任公司（以下简称"中 邮证券"）编制。中邮证券对本报告中所包含的从上述文件中引述内容和信息 未进行独立验证，也不就该等引述内容和信息的真实性、准确性和完整性做出 任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜作出独立判断 ...

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 关于北京声迅电子股份有限公司 2026 年第一次临时股东会的法律意见书 康达股会字【2026】第 0014 号 致：北京声迅电子股份有限公司 关于本《法律意见书》，本所及本所律师谨作如下声明： 1、在本《法律意见书》中，本所及本所律师仅就本次会议的召集和召开程序、召 集人和出席人员的资格、表决程序以及表决结果进行核查和见证并发表法律意见，不对 本次会议的议案内容及其所涉及的事实和数据的完整性、真实性和准确性发表意见。 2、本所及 ...

1、本次股东会没有否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 北京声迅电子股份有限公司 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： | 证券代码：003004 | 证券简称：*ST | 声迅 | 公告编号：2026-006 | | --- | --- | --- | --- | | 债券代码：127080 | 债券简称：声迅转债 | | | 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2026 年 1 月 15 日（星期四）下午 14:30 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为： 2026 年 1 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时间为：2026 年 1 月 15 日 9:15-15:00 期间的任意时间。 2、会议召开方式：本次股东会采取现场投票与网络投票相结合的方式。 3、会议召开地点：北京市海淀区丰豪东路 9 号院 11 号楼公司会议室。 4、 ...