Market Overview - The Shanghai Composite Index closed at 3928.73 points, above the annual line, with a gain of 0.66% [1] - The total trading volume of A-shares reached 16683.26 billion yuan [1] Stocks Breaking Annual Line - A total of 81 A-shares have surpassed the annual line today, with notable stocks including Tianli Composite, Wanshili, and Sanrenxing, showing divergence rates of 11.85%, 9.63%, and 9.17% respectively [1] - Stocks with smaller divergence rates that just crossed the annual line include Mingyang Electric, Meixin Technology, and Yinzhijie [1] Top Stocks by Divergence Rate - Tianli Composite (code: 920576) had a daily increase of 20.67% with a divergence rate of 11.85% [1] - Wanshili (code: 301066) increased by 10.08% with a divergence rate of 9.63% [1] - Sanrenxing (code: 605168) rose by 10.00% with a divergence rate of 9.17% [1] Additional Notable Stocks - Nanjing Shanglv (code: 600250) increased by 9.98% with a divergence rate of 8.18% [1] - Xiexin Integrated (code: 002506) rose by 9.96% with a divergence rate of 7.86% [1] - Daye Co. (code: 603278) increased by 9.98% with a divergence rate of 7.79% [1]

| 证券代码：003004 | 声迅 证券简称：*ST | 公告编号：2025-088 | | --- | --- | --- | | 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 关于声迅转债预计触发转股价格向下修正条件的提示性公告 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、证券代码：003004；证券简称：*ST 声迅 2、债券代码：127080；债券简称：声迅转债 3、当期转股价格：28.94 元/股 6、若触发转股价格修正条件，公司将根据《深圳证券交易所上市公司自律 监管指引第 15 号——可转换公司债券》等相关规定及《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》"）的约定，及时履行后续审议程 序和信息披露义务。敬请广大投资者注意投资风险。 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会《关于核准北京声迅电子股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2022〕2368 号）核准，公司于 2022 年 12 月 30 日公开发行了 ...

Core Viewpoint - The company, Beijing Sound Xun Electronics Co., Ltd., has decided not to adjust the conversion price of its convertible bonds despite triggering the downward adjustment clause due to stock prices falling below 85% of the current conversion price for at least 15 trading days [3][10][16] Group 1: Board Meeting Details - The fifth board meeting of the company was held on November 20, 2025, via communication, with all six directors present [2] - The meeting was chaired by the company's chairwoman, Ms. Nie Rong, and was attended by senior management [2] - The procedures for convening, holding, and voting at the meeting complied with relevant laws and regulations [2] Group 2: Resolution Review - The board approved the resolution regarding not adjusting the conversion price of the "Sound Xun Convertible Bonds" [3] - The decision was made after considering the company's current situation, macroeconomic environment, and stock price trends [3][16] - The voting results were 4 in favor, 0 against, and 0 abstentions, with 2 directors recusing themselves from the vote [5][4] Group 3: Convertible Bond Details - The company issued 2.8 million convertible bonds with a total value of 280 million yuan, approved by the China Securities Regulatory Commission [10][11] - The initial conversion price was set at 29.34 yuan per share, which has been adjusted to 28.94 yuan per share following profit distribution [13] - The conversion price adjustment clause allows for downward adjustments if stock prices fall below 85% of the conversion price for a specified period [14][15]

Group 1 - The core point of the article is that *ST Shengxun held its 27th meeting of the fifth board of directors on November 20, 2025, to discuss the proposal regarding not adjusting the conversion price of "Shengxun Convertible Bonds" [1] - For the first half of 2025, *ST Shengxun's revenue composition is as follows: Urban Security accounts for 54.12%, Rail Transit accounts for 24.95%, Financial Security accounts for 19.22%, and Other Businesses account for 1.71% [1] - As of the time of reporting, *ST Shengxun has a market capitalization of 1.8 billion yuan [1]

证券代码：003004 证券简称：*ST 声迅 公告编号：2025-087 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 关于不向下修正声迅转债转股价格的公告 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。 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会《关于核准北京声迅电子股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2022〕2368 号）核准，公司于 2022 年 12 月 30 日公开发行了 280 万张可转换公司债券，每张面值 100 元，发行总额 28,000 万元。 特别提示： 1、截至 2025 年 11 月 20 日，公司股票已在连续三十个交易日中至少有十五 个交易日的收盘价低于当期转股价格的 85%（即 24.60 元/股），已触发"声迅 转债"转股价格向下修正条款。 2、经公司第五届董事会第二十七次会议审议通过，公司董事会决定本次不 向下修正"声迅转债"转股价格。从 2025 年 11 月 21 日开始重新起算，若再次 触发"声迅转债"转股价格向下修正条款，届时公司董事 ...

| 证券代码：003004 | 证券简称：*ST | 声迅 | 公告编号：2025-086 | | --- | --- | --- | --- | | 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 第五届董事会第二十七次会议决议的公告 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。 一、董事会会议召开情况 北京声迅电子股份有限公司（以下简称"公司"）第五届董事会第二十七次 会议于 2025 年 11 月 20 日以通讯方式召开，会议应出席董事 6 人，实际出席董 事 6 人。公司董事长聂蓉女士主持本次会议，公司高级管理人员列席了会议。 本次董事会会议的召集、召开和表决程序符合有关法律、行政法规、部门规 章、规范性文件和公司章程的规定。 二、董事会会议审议情况 特此公告。 北京声迅电子股份有限公司董事会 截至 2025 年 11 月 20 日，公司股票已在连续三十个交易日中至少有十五个 交易日的收盘价低于当期转股价格的 85%（即 24.60 元/股），已触发"声迅转 债"转股价格向下修正条款。 经综合考虑公司现阶段的基本 ...

Core Viewpoint - *ST Shengxun reported a significant increase in revenue for the first three quarters of 2025, but still faced net losses, indicating ongoing financial challenges despite growth in sales [1][2]. Financial Performance Summary - For the first three quarters of 2025, the company achieved operating revenue of 139 million yuan, a year-on-year increase of 31.21% [1][2]. - The net profit attributable to shareholders was -3.80 million yuan, showing an improvement of 86.59% compared to the previous year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -4.86 million yuan, with a year-on-year increase of 83.58% [1][2]. - The net cash flow from operating activities was -29.40 million yuan, reflecting a year-on-year growth of 45.76% [1][2]. Previous Year Comparison - In 2024, the company reported operating revenue of 302 million yuan, a growth of 7.85% compared to 2023 [3]. - The net profit attributable to shareholders for 2024 was -51.20 million yuan, a decline of 304.23% from the previous year [3]. - The net profit after deducting non-recurring gains and losses was -55.25 million yuan, a decrease of 366.69% compared to 2023 [3]. - The net cash flow from operating activities in 2024 was -55.69 million yuan, worsening from -1.23 million yuan in 2023 [3]. Fundraising and Financial Structure - The company raised a total of 415 million yuan through its initial public offering, with a net amount of 378 million yuan after expenses [4]. - The total issuance costs amounted to 36.44 million yuan, with underwriting fees to the sponsor, Western Securities, being 21.19 million yuan [5]. - The company issued 2.80 million convertible bonds in 2022, raising a total of 280 million yuan [5][6].

Core Points - The Shanghai Composite Index is at 4008.92 points, above the annual line, with a change of 0.22% [1] - A total trading volume of A-shares reached 894.89 billion yuan today [1] - 39 A-shares have surpassed the annual line, with notable stocks including Hangxin Technology, Liwang Co., and Chuanfa Longmang, showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 4008.92 points, reflecting a 0.22% increase [1] - The total trading volume for A-shares today is 894.89 billion yuan [1] Stocks Surpassing Annual Line - 39 A-shares have crossed the annual line, with the highest deviation rates recorded for: - Hangxin Technology: 4.59% - Liwang Co.: 3.56% - Chuanfa Longmang: 3.27% [1] - Other stocks with smaller deviation rates include: - Jiuzhou Group - Dali Kaipu - Tiens Wind Power [1] Detailed Stock Data - Notable stocks and their performance: - Hangxin Technology: +4.52%, turnover rate 5.95%, latest price 17.34 yuan, deviation rate 4.59% [1] - Liwang Co.: +5.42%, turnover rate 5.46%, latest price 28.02 yuan, deviation rate 3.56% [1] - Chuanfa Longmang: +3.57%, turnover rate 3.12%, latest price 13.07 yuan, deviation rate 3.27% [1]

Group 1 - The company announced that shareholders Liu Mengran and Liu Jianwen, along with their acting-in-concert party Hechang Venture Capital Co., Ltd., have completed their share reduction plan [2][3] - Liu Mengran planned to reduce his holdings by up to 1,700,000 shares, representing no more than 2.11% of the total share capital after excluding repurchased shares [2] - Liu Jianwen and Hechang Venture Capital Co., Ltd. planned to reduce their holdings by up to 2,400,000 shares, representing no more than 2.97% of the total share capital after excluding repurchased shares [2] Group 2 - The reduction period for the shareholders was from August 11, 2025, to November 10, 2025, following a pre-disclosure announcement made on July 18, 2025 [2] - The shareholders adhered to relevant regulations and guidelines during the reduction process, ensuring compliance with the Shenzhen Stock Exchange rules [3] - The share reduction will not lead to a change in the company's control or governance structure, and the company's operations remain normal [3][4]

证券代码：003004 证券简称：*ST 声迅 公告编号：2025-084 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 关于特定股东减持计划期限届满的公告 公司股东刘孟然先生、刘建文先生及其一致行动人合畅创业投资有限公司 保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 北京声迅电子股份有限公司（以下简称"公司"）于 2025 年 7 月 18 日披露 了《关于特定股东减持股份的预披露公告》，公司股东刘孟然先生计划在本次减 持计划公告之日起 15 个交易日后的 3 个月内（即 2025 年 8 月 11 日至 2025 年 11 月 10 日）以集中竞价交易、大宗交易方式减持公司股份不超过 1,700,000 股， 即减持比例不超过剔除公司回购专用账户后的总股本的 2.11%。公司股东刘建文 先生及其一致行动人合畅创业投资有限公司计划在本次减持计划公告之日起 15 个交易日后的 3 个月内以集中竞价交易、大宗交易方式减持公司股份不超过 2,400,000 股，即合计减持比例不超过剔除公 ...