目的核查意见 中航证券有限公司 关于河北中瓷电子科技股份有限公司 继续使用募集资金向控股子公司提供委托贷款用于募投项 中航证券有限公司（以下简称"中航证券"或"独立财务顾问"）作为河北 中瓷电子科技股份有限公司（以下简称"公司"、"上市公司"或"中瓷电子"） 发行股份购买资产并募集配套资金暨关联交易（以下简称"重大资产重组"）的 独立财务顾问，根据《上市公司募集资金监管规则》《深圳证券交易所上市公司 自律监管指引第 1 号——主板上市公司规范运作》等相关法律法规的要求，对中 瓷电子继续使用募集资金向控股子公司提供委托贷款用于募投项目的事项进行 了核查，具体情况如下： 一、募集资金的到位情况 经中国证券监督管理委员会出具《关于同意河北中瓷电子科技股份有限公司 发行股份购买资产并募集配套资金注册的批复》（证监许可〔2023〕1519 号）， 同意公司向中国电科十三所等 7 名交易对方发行股份购买相关资产，同时发行股 份募集配套资金不超过 25 亿元。本次向特定对象发行股份募集配套资金的发行 股票种类为境内上市人民币普通股（A 股），每股面值为人民币 1.00 元。大华 会计师事务所（特殊普通合伙）已于 2023 ...

目的核查意见 中信证券股份有限公司（以下简称"中信证券"或"独立财务顾问"）作为 河北中瓷电子科技股份有限公司（以下简称"公司"、"上市公司"或"中瓷电 子"）发行股份购买资产并募集配套资金暨关联交易（以下简称"重大资产重组"） 的独立财务顾问，根据《上市公司募集资金监管规则》《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作》等相关法律法规的要求，对 中瓷电子继续使用募集资金向控股子公司提供委托贷款用于募投项目的事项进 行了核查，具体情况如下： 一、募集资金的到位情况 中信证券股份有限公司 关于河北中瓷电子科技股份有限公司 继续使用募集资金向控股子公司提供委托贷款用于募投项 二、募集资金投向的情况 公司募集配套资金拟在支付重组相关费用后投入以下项目： 经中国证券监督管理委员会出具《关于同意河北中瓷电子科技股份有限公司 发行股份购买资产并募集配套资金注册的批复》（证监许可〔2023〕1519 号）， 同意公司向中国电科十三所等 7 名交易对方发行股份购买相关资产，同时发行股 份募集配套资金不超过 25 亿元。本次向特定对象发行股份募集配套资金的发行 股票种类为境内上市人民币普通股（A 股 ...

投项目的公告 证券代码：003031 证券简称：中瓷电子 公告编号：2026-010 河北中瓷电子科技股份有限公司 关于继续使用募集资金向控股子公司提供委托贷款用于募 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。 河北中瓷电子科技股份有限公司（以下简称"公司"）于 2026 年 3 月 23 日召 开了第二届董事会第三十八次会议，审议通过了《关于继续使用募集资金向控股 子公司提供委托贷款用于募投项目的议案》，鉴于"氮化镓微波产品精密制造生 产线建设项目"和"通信功放与微波集成电路研发中心建设项目"尚在建设中， 为保证募投项目的顺利实施，同意公司继续使用募集资金向河北博威集成电路有 限公司（以下简称"博威公司"）提供委托贷款用于实施"氮化镓微波产品精密 制造生产线建设项目"和"通信功放与微波集成电路研发中心建设项目"，总金 额为人民币 2 亿元。具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会出具《关于同意河北中瓷电子科技股份有限公司 发行股份购买资产并募集配套资金注册的批复》（证监许可〔2023〕1519 号）， 同意公司向中国电科十三所等 7 ...

证券代码：003031 证券简称：中瓷电子 公告编号：2026-011 河北中瓷电子科技股份有限公司 第二届董事会第三十八次会议决议公告 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。 本议案已经公司独立董事专门会议和董事会审计与风险委员会审议通过， 并同意提交董事会审议。 表决结果：有效表决票共 7 票，其中同意票为 7 票，反对票为 0 票，弃权票 为 0 票。 三、备查文件 1、《河北中瓷电子科技股份有限公司第二届董事会第三十八次会议决议》。 特此公告。 二、董事会会议审议情况 会议审议并经表决，通过以下决议： （一）审议通过《关于继续使用募集资金向控股子公司提供委托贷款用于募 投项目的议案》 本议案关联董事卜爱民、赵瑞华、高岭、戴志华已对议案回避表决。 一、董事会会议召开情况 河北中瓷电子科技股份有限公司（以下简称"公司"）第二届董事会第三十八 次会议（以下简称"会议"）通知已于 2026 年 3 月 16 日以邮件、书面送达的形式 发出。本次会议于 2026 年 3 月 23 日在公司会议室以现场会议和视频会议相结合 的方式召开。公司本届董事会现有董 ...

Market Overview - The market experienced fluctuations throughout the day, with the Shenzhen Component Index falling over 1% and the ChiNext Index dropping over 2% [1] - Trading volume shrank, with the total turnover of the Shanghai and Shenzhen markets at 2.21 trillion, a decrease of 117.5 billion compared to the previous trading day [1] - Over 4,500 stocks in the market declined, indicating a weak rotation of market hotspots [1] Sector Performance - The financial sector showed resilience, with insurance and banking stocks leading the gains. Notable performers included Aijian Group hitting the daily limit, and China CITIC Bank, New China Life Insurance, and China Pacific Insurance all closing higher [1] - The chemical sector was also active, with Chitianhua achieving three consecutive limit-ups, and Sanfangxiang, Jinzhengda, and Luhua Technology all hitting the daily limit [1] - The real estate sector saw a slight increase, with Zhongzhou Holdings and Jingneng Real Estate both reaching the daily limit [1] Declining Sectors - The computing hardware and semiconductor sectors faced significant declines, with the CPO concept stocks collectively adjusting downwards. Stocks such as Changguang Huaxin, Dekeli, Robotec, and Guangku Technology experienced substantial drops [1] Institutional Activity - Institutional participation remained consistent with the previous day, with 26 stocks having net buy/sell amounts exceeding 10 million. There were 14 net buys and 12 net sells [2] - Notable net purchases included Langke Technology at 230 million, Xinghuan Technology at 119 million, and Xiangming Intelligent at 7.719 million. Conversely, significant net sells included Zhaoyan Pharmaceutical at 202 million, Zhongci Electronics at 76.24 million, and Zhongfu Shenying at 67.82 million [2]

Summary of Key Points Core Viewpoint - On March 17, a total of 36 stocks were involved in institutional trading, with 17 stocks showing net buying and 19 stocks showing net selling by institutions [1]. Group 1: Institutional Net Buying - The top three stocks with the highest net buying by institutions were: - Langke Technology: Net buying amount of 231 million yuan, with a price increase of 11.62% [2]. - Xinghuan Technology: Net buying amount of 119 million yuan, with a price decrease of 20.00% [2]. - Xiangming Intelligent: Net buying amount of 77 million yuan, with a price increase of 20.01% [2]. - Other notable stocks with net buying included: - Shun Steel Co.: Net buying of 68.9 million yuan, with a price increase of 10.02% [2]. - Gude Electric Materials: Net buying of 66.3 million yuan, with a price increase of 20.00% [2]. Group 2: Institutional Net Selling - The top three stocks with the highest net selling by institutions were: - Zhaoyan Pharmaceutical: Net selling amount of 202 million yuan, with a price decrease of 10.01% [3]. - Zhongci Electronics: Net selling amount of 76.2 million yuan, with a price decrease of 9.94% [3]. - Zhongfu Shenying: Net selling amount of 67.8 million yuan, with a price increase of 20.00% [3]. - Other notable stocks with net selling included: - Jiamai Packaging: Net selling of 126.8 million yuan, with a price increase of 3.42% [3]. - Xinyaya Cable: Net selling of 356.6 million yuan, with a price increase of 4.37% [3].

Core Insights - The domestic thermal materials industry in China has formed a clustering effect in fields such as TIM, ceramic substrates, and liquid cooling materials, with significant potential for domestic substitution [1] Group 1: Industry Overview - The thermal materials industry chain consists of upstream raw materials, midstream device manufacturing, and downstream applications, characterized by high barriers in upstream, high value in midstream, and strong demand in downstream [1] - Upstream raw materials include high-purity ceramic powders (AlN/BN/SiC/diamond), carbon-based materials (graphene/CNT/graphite), metal materials (copper/aluminum/copper alloys/tantalum), and liquid cooling working fluids (fluorinated liquids/synthetic esters/water-based liquids) [1] - Major players in the first tier of thermal materials are concentrated in Europe, America, and Japan, while the second tier includes domestic companies like Zhongshi Technology, Feirongda, Zhongci Electronics, Sanhuan Group, and Tianyue Advanced, focusing on TIM, ceramic substrates, and liquid cooling materials [1] Group 2: Key Technologies - VC vapor chamber and graphite film have become the preferred cooling solutions for AI smartphones, with VC vapor chambers offering a heat transfer efficiency that significantly increases the heat dissipation area by 5 to 8 times compared to traditional solid thermal methods [2] - The thermal conductivity of VC vapor chambers ranges from 0.2 to 50 KW/m*K, while that of heat pipes is approximately 10 to 100 KW/m*K, and liquid cooling plates range from 1 to 5 KW/m*K [2] Group 3: Emerging Materials - Diamond alloy materials are expected to be promoted in high-power AI chip cooling, with diamond being an excellent heat sink material when thermal conductivity requirements exceed 500 W/m·K [3] - CVD polycrystalline diamond is highlighted as an ideal cooling solution for the high computing power era, with a thermal conductivity of 2000-2200 W/(m·K) compared to copper's 380-400 W/(m·K) [3] - The global diamond cooling market is projected to reach 17.2 to 48.3 billion yuan by 2028, benefiting related enterprises [3] Group 4: Advanced Cooling Solutions - Thermoelectric cooling offers precise temperature control with no moving parts and rapid response, penetrating applications in AI optical modules, medical devices, lasers, and automotive sectors [4] - Liquid metal cooling, utilizing gallium-based, indium-based, and bismuth-based alloys, provides a thermal conductivity of 15-73 W/(m·K), significantly improving upon traditional silicone grease by 5-10 times, making it crucial for high-power density cooling in AI servers and high-end consumer electronics [4]

Group 1 - The company has received inquiries from investors regarding the certification status of its subsidiary Guolian Wanzhong's SiC modules for solid-state circuit breakers and solid-state transformers [2] - Guolian Wanzhong has initiated the research and development of relevant products, which are currently undergoing sample delivery and verification processes with clients [2]

Group 1 - China Satcom (601698) is a key player in satellite communication, holding scarce orbital positions and spectrum resources, crucial for commercial space ventures. The demand for satellite communication and data services is rapidly increasing due to the acceleration of low-orbit satellite networks and mobile direct satellite connections [1][44] - The company has a complete ground station network and high-throughput satellite resources, deeply integrated with national satellite internet projects, ensuring stable and sustainable cash flow [1][45] - With the ongoing scale-up of commercial space, the demand for satellite operation, data distribution, and industry applications continues to grow, supported by favorable policies for satellite internet [1][45] Group 2 - China Satellite (600118) focuses on the entire satellite manufacturing and application chain, covering communication, navigation, and remote sensing, making it a core player in satellite manufacturing [2][46] - The demand for small satellite launches is surging as low-orbit satellite constellations reach their peak, leading to explosive growth in satellite assembly and core component supply [2][46] - The company leverages its technological and resource advantages from the Aerospace Science and Technology Corporation, participating in major national space projects and expanding its service offerings [2][46] Group 3 - Aerospace Electronics (600879) specializes in aerospace measurement and control, covering key areas such as rocket control and satellite attitude control, with a supply rate exceeding 90% [3][47] - The demand for aerospace measurement and satellite electronics is increasing due to the rise in commercial rocket launches and large-scale low-orbit satellite networks [3][47] - The company has a strong order backlog and is actively expanding into the commercial space market, providing services to private rocket and satellite companies [3][47] Group 4 - ZTE Corporation (000063) is a global leader in communication equipment, deeply involved in the ground core network and terminal equipment for satellite internet, making it a key participant in commercial space ground systems [4][48] - The demand for satellite communication ground stations, core network equipment, and terminal chips is surging due to the acceleration of low-orbit satellite construction [4][48] - The company is leveraging its 5G and communication technology expertise to quickly enter the satellite communication field, participating in national satellite network projects and expanding into overseas markets [4][48] Group 5 - AVIC Optoelectronics (002179) focuses on high-reliability connectors and cable components, widely used in rockets, satellites, and spacecraft, making it a core supplier in commercial aerospace connection systems [5][49] - The demand for high-reliability connectors is growing as the complexity and reliability requirements of commercial aerospace equipment increase [5][49] - The company is actively expanding into the private aerospace market, providing services to commercial rocket and satellite companies, enhancing its market share [5][49] Group 6 - Aerospace Development (000547) is the only publicly listed platform for commercial aerospace under the Aerospace Science and Industry Corporation, covering the entire satellite manufacturing, operation, and ground terminal chain [6][50] - The company has seen a significant increase in commercial aerospace orders, leveraging its military qualifications and resource advantages [6][50] - With the gradual establishment of the "Tianmu-1" low-orbit meteorological satellite constellation, the company is enhancing its satellite data service capabilities [6][50] Group 7 - Guangqi Technology (002625) specializes in metamaterials, widely used in aerospace equipment for stealth and structural enhancement, making it a core player in the new materials sector of commercial aerospace [7][51] - The demand for metamaterials is continuously increasing as commercial aerospace equipment requires lightweight, stealthy, and high-performance materials [7][51] - The company is actively expanding into the civilian commercial aerospace market, providing metamaterial solutions to private rocket and satellite companies [7][51] Group 8 - Chengchang Technology (001270) is a leading supplier of spaceborne T/R chips, with a market share exceeding 70%, making it a core supplier in the commercial aerospace RF chip sector [8][53] - The demand for spaceborne T/R chips is experiencing exponential growth due to the large-scale networking of low-orbit constellations [8][53] - The company is expanding into overseas markets and entering the global commercial satellite supply chain, further enhancing its market share [8][53] Group 9 - Tianyin Electromechanical (300342) specializes in satellite attitude control star sensors, holding a market share exceeding 60%, making it a leading enterprise in core components for commercial aerospace satellites [9][54] - The demand for star sensors is robust, with each satellite requiring one, and the company is seeing significant growth in order volume due to the batch launch of low-orbit satellites [9][54] - The company is actively expanding its product layout to include other core satellite components, further enhancing its market share [9][54]

证券日报网讯 2月26日，中瓷电子在互动平台回答投资者提问时表示，截至2026年2月13日收盘，公司 股东总户数29973户（已合并）。 （文章来源：证券日报） ...