Core Points - The China Securities Regulatory Commission (CSRC) has issued two administrative penalty decisions regarding Da Xin Accounting Firm, which audited Star Technology's financial reports for 2019 and 2020, revealing false records [1] - The CSRC found that Da Xin did not exercise due diligence in auditing Star Technology's financial statements for both 2019 and 2020 [1] - As a result, the CSRC ordered Da Xin to rectify its actions, confiscated business income amounting to 3,396,226.34 yuan, and imposed a fine of 9,500,000 yuan [1] - Individual penalties were also imposed on personnel involved, including a warning and a fine of 600,000 yuan for Guo Anjing, and warnings with fines of 500,000 yuan each for Chen Wei and Zhu Ceming [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed penalties exceeding 10 million yuan on Da Xin Accounting Firm for failing to conduct due diligence in the audit of Star Technology's annual report, resulting in false records, misleading statements, or significant omissions [1] Group 1: Regulatory Actions - The CSRC initiated an investigation into Da Xin Accounting Firm for its audit practices related to Star Technology, which violated Article 163 of the Securities Law [1] - Da Xin Accounting Firm is ordered to rectify its practices, with a confiscation of business income amounting to 3,396,226.34 yuan and a fine of 9,500,000 yuan [1] Group 2: Individual Penalties - The responsible auditors, Guo Anjing and Chen Wei, who signed the 2019 annual audit report, along with Zhu Ceming, who signed the 2020 report, are directly accountable for the violations [1] - Guo Anjing received a warning and a fine of 600,000 yuan, while Chen Wei and Zhu Ceming were also warned and fined 500,000 yuan each [1]

Group 1 - The resignation of non-independent director Deng Guoyin was reported due to work adjustments [1] - The board of directors held a meeting on June 24, 2025, to approve the election of Chen Wenwu as a non-independent director candidate [2] - After the election, the board will consist of 7 members, with 3 independent directors, ensuring compliance with regulations [2] Group 2 - Chen Wenwu was appointed as the vice general manager, effective from the date of the board's approval [2] - Chen Wenwu has a background in banking and investment management, with no conflicts of interest with major shareholders or other board members [5]

证券代码：300256 证券简称：星星科技 公告编号：2025-039 江西星星科技股份有限公司（以下简称"公司"）董事会于近日收到公司非独立 董事邓国胤先生的辞职报告。因工作调整原因，邓国胤先生申请辞去公司第五届董事 会非独立董事及董事会提名委员会委员职务。具体内容详见公司于 2025 年 6 月 20 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于公司非独立董事辞职的公告》（公 告编号：2025-037）。 二、补选非独立董事的情况 为了保证公司董事会工作正常进行，根据《公司章程》等有关规定，公司董事会 于2025年6月24日召开第五届董事会第二十次会议，审议通过《关于补选非独立董事 的议案》，经公司股东提名，董事会提名委员会资格审核，董事会同意提名陈文武先 生（简历详见附件）为公司第五届董事会非独立董事候选人，任期自股东大会审议通 过之日起至公司第五届董事会任期届满之日止。陈文武先生经公司股东大会同意聘 任为公司非独立董事后，将同时担任公司第五届董事会提名委员会委员。 本次补选完成后，公司董事人数为7人，其中独立董事3人，占公司董事人数比例 不低于三分之一。董事会中兼任公司高级管理人员 ...

证券代码：300256 证券简称：星星科技 公告编号：2025-040 江西星星科技股份有限公司 关于召开2025年第三次临时股东大会的通知 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、召开会议的基本情况 （一）股东大会届次：2025 年第三次临时股东大会 （七）出席对象： 1、截至股权登记日 2025 年 7 月 7 日下午收市时，在中国证券登记结算有限责 任公司深圳分公司登记在册的公司全体股东均有权出席股东大会，并可以以书面形 式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东。 2、公司董事、监事和高级管理人员。 3、公司聘请的律师。 （二）股东大会的召集人：公司第五届董事会 （三）会议召开的合法、合规性：公司第五届董事会第二十次会议审议通过《关 于提请召开 2025 年第三次临时股东大会的议案》，本次股东大会的召集、召开程序 符合有关法律法规、深圳证券交易所业务规则和《公司章程》的规定。 （四）会议召开的日期、时间： 1、现场会议召开时间：2025 年 7 月 10 日（星期四）14:30； 2、网络投票时间：2025 年 7 月 1 ...

证券代码：300256 证券简称：星星科技 公告编号：2025-038 江西星星科技股份有限公司 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。 一、董事会会议召开情况 江西星星科技股份有限公司（以下简称"公司"）第五届董事会第二十次会议 （以下简称"会议"）于 2025 年 6 月 24 日在公司会议室以现场与通讯表决相结合 的方式召开，会议通知已于 2025 年 6 月 20 日以电子邮件、微信等方式发出。会议 由董事长应光捷先生主持，会议应出席董事 6 名，实际出席董事 6 名，其中，董事罗 华列先生、罗达益先生，独立董事顾国强先生、江峰先生、郭元鑫先生以通讯表决方 式出席。公司监事、高级管理人员列席了会议。会议的召开和表决程序符合《公司法》 和《公司章程》的有关规定，合法有效。 二、董事会会议审议情况 1、审议通过了《关于补选非独立董事的议案》 董事会于近日收到公司非独立董事邓国胤先生的辞职报告。因工作调整原因，邓 国胤先生申请辞去公司第五届董事会非独立董事及董事会提名委员会委员职务。为 了保证公司董事会工作正常进行，根据《公司章程》等有关规定，经公司 ...

证券代码：300256 证券简称：星星科技 公告编号：2025-037 截至本公告披露日，邓国胤先生未持有公司股份。根据《中华人民共和国公司法》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》及 《公司章程》等相关规定，邓国胤先生辞职未导致公司董事会成员低于法定最低人 数，不会影响公司董事会的正常运行，其辞职报告自送达公司董事会之日起生效。公 司将按照法定程序尽快完成非独立董事的补选工作。 江西星星科技股份有限公司 董事会 关于公司非独立董事辞职的公告 2025年6月20日 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。 江西星星科技股份有限公司（以下简称"公司"）董事会于 2025 年 6 月 20 日 收到公司非独立董事邓国胤先生提交的辞职报告。由于工作调整原因，邓国胤先生申 请辞去公司第五届董事会非独立董事及董事会提名委员会委员职务，其原定任期届 满日为 2025 年 12 月 25 日，辞职后不再担任公司任何职务。 邓国胤先生在担任公司董事会非独立董事及董事会提名委员会委员期间，忠实、 勤勉地履行了各项职责，董事会对其任职期 ...

Summary of Key Points from Conference Call Records Industry or Company Involved - **AI Glasses**: Multiple significant products are set to be released, including those from Meta and Xiaomi [2][15] - **Liquid Cooling**: National standards for liquid cooling are about to be published, indicating growth in this sector [3] - **Superconductors**: Shanghai Superconductor's IPO application has been accepted, aiming to raise 1.2 billion yuan for high-temperature superconducting materials [4][17] - **POE Particles**: Domestic production of POE particles is being initiated to replace imports [5][16] - **High-end PCB**: Companies like Zhongjing Electronics and Yihua New Materials are involved in high-end PCB production for various applications [6][10] - **Air Conditioning Components**: Shunwei Co. is a leading supplier of air conditioning fan blades, indirectly supplying Xiaomi [7][16] - **Laser Defense Systems**: New developments in lightweight laser defense systems are being tested [12][17] Core Points and Arguments - **AI Glasses Market**: - Meta plans to release new AI glasses with expected sales of 4-5 million units in 2025 [15] - Xiaomi's AI glasses are in small-scale production with projected sales of 300,000-500,000 units [15] - Companies like Biyi Co. and Lianchuang Optoelectronics are heavily involved in AR/VR technologies [15] - **Liquid Cooling Industry**: - The market for liquid cooling servers in China is projected to reach $16.2 billion by 2029, with a CAGR of 46.8% from 2024 to 2029 [3] - Current penetration in data centers is below 10%, indicating significant growth potential [3] - **Superconductors**: - Shanghai Superconductor holds over 80% market share in domestic high-temperature superconducting materials [17] - The company reported a revenue increase of 189% year-on-year, reaching 240 million yuan in 2024 [17] - **POE Particles**: - The domestic market for POE is expected to reach 50-60 billion yuan in 2025, with significant import substitution potential [16] - The company anticipates net profits of 0.5 billion yuan in 2025, increasing to 5.2 billion yuan by 2027 [16] - **High-end PCB**: - Companies are focusing on high-end applications in AI, VR, and gaming, with significant demand for flexible circuit boards [16] - The domestic high-end PCB market is experiencing rapid growth due to increased demand from tech companies [16] - **Air Conditioning Components**: - Shunwei Co. has a global market share of over 35% in plastic air conditioning fan blades [7] - The company is also involved in the low-altitude economy through partnerships in agricultural drone technology [16] Other Important but Possibly Overlooked Content - **Market Dynamics**: The AI glasses market is highly competitive, with major players like Meta and Xiaomi launching new products [15] - **Regulatory Environment**: The upcoming national standards for liquid cooling may streamline the industry and enhance growth prospects [3] - **Investment Opportunities**: Companies involved in superconductors and liquid cooling are positioned for significant growth due to technological advancements and market demand [4][3] - **Financial Performance**: Many companies are reporting substantial year-on-year growth, indicating a robust recovery and expansion in their respective sectors [17][16] This summary encapsulates the critical insights from the conference call records, highlighting the evolving landscape of various industries and the companies poised to benefit from these trends.

证券代码：300256 证券简称：星星科技 江西星星科技股份有限公司投资者关系活动记录表 编号：2025-001 | 投资者关系活动 | □特定对象调研□分析师会议 | | --- | --- | | 类别 | □媒体采访√业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 21 日（周三）下午 14:30~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采 | | | 用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事长、总经理应光捷 | | 员姓名 | 2、董事会秘书郏建平 | | | 3、副总经理、财务总监常俊庭 | | | 4、独立董事顾国强 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、董事长你好，公司经历过几轮处罚，警告，那么在接下 | | | 来的发展中，怎么从根本解决这些问题 ...

Core Viewpoint - Star Technology (300256.SZ) has received administrative regulatory measures from the Jiangxi Securities Regulatory Bureau and the Shenzhen Stock Exchange due to inaccurate revenue recognition in its financial reports for 2023, leading to a warning letter being issued [1][2] Group 1: Regulatory Actions - The Jiangxi Securities Regulatory Bureau issued a warning letter to Star Technology and its executives, including Chairman Ying Guangjie and former CFO Li Junjiang, for violations of the Information Disclosure Management Measures [1][2] - The company failed to prudently recognize revenue according to accounting standards, resulting in inaccuracies in its 2023 semi-annual and quarterly reports, with impacts of 0.12 billion and 1.70 billion respectively on reported revenue and costs [1] Group 2: Financial Reporting Issues - The inaccuracies in the financial reports were acknowledged by the company in an announcement regarding prior accounting errors in April 2024 [1] - The violations also contravened the Shenzhen Stock Exchange's rules, indicating a lack of diligence and responsibility from the company's leadership [2]