[Core Performance Forecast Data](index=1&type=section&id=I.%20Expected%20Performance%20for%20the%20Current%20Period) The company anticipates a year-on-year increase in its 2025 first-half performance, with net profit attributable to shareholders projected to grow by 10% to 30% 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: 1.128 billion yuan - 1.333 billion yuan | Profit: 1.026 billion yuan | | | Year-on-year Growth: 10% - 30% | | | **Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses** | Profit: 959.2 million yuan - 1.142 billion yuan | Profit: 913.5 million yuan | | | Year-on-year Growth: 5% - 25% | | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company clarifies that the financial data in this performance forecast are preliminary estimates and remain unaudited by an accounting firm - The financial data in this performance forecast are **preliminary estimates** by the company's finance department and are **unaudited**[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance growth is primarily driven by recovering downstream market demand, particularly in optoelectronic communication and consumer electronics sectors - Demand in downstream sectors, including **optoelectronic communication** and **consumer electronics**, continued to recover, boosting demand for the company's core products[5](index=5&type=chunk) - The company's **MLCC products** experienced significant year-on-year sales growth, driven by enhanced customer recognition[5](index=5&type=chunk) - Sales of the company's **ferrules and related optical components** increased year-on-year, benefiting from accelerated global data center construction and rising market demand[5](index=5&type=chunk) [Other Relevant Information](index=1&type=section&id=IV.%20Other%20Relevant%20Information) The company reiterates that the forecast data is unaudited and advises investors to exercise caution, awaiting the detailed 2025 semi-annual report for final financial figures - The company **reaffirms** that this performance forecast data represents **preliminary estimates** and remains unaudited[6](index=6&type=chunk) - Detailed 2025 semi-annual financial data will be fully disclosed in the company's **official semi-annual report**[7](index=7&type=chunk) - Investors are advised to **exercise caution** in their decisions and be mindful of **investment risks**[7](index=7&type=chunk)

Core Viewpoint - The company emphasizes the importance of spiritual civilization in business development, stating that a strong cultural foundation is essential for growth and success [1]. Group 1: Company Culture and Values - The company promotes a "ground-laying" spirit, inherited from its founders, which encourages perseverance and dedication to achieving goals despite challenges [1]. - The company has cultivated a culture centered on "hard work and refining core business," with nearly 2,000 engineers tackling critical issues and leading in the new energy sector [1]. - Over 90% of the specifications for the company's main product, multilayer ceramic capacitors, have been localized [3]. Group 2: Employee Engagement and Welfare - The company has established a "Speak Up" platform and a "Technical Innovation Points Award" to encourage employee feedback and foster a culture of skill appreciation and creativity [5]. - The company aims to create a happy workplace by providing free accommodation, transportation, and various welfare programs for employees, including collective weddings and support for children's education [5]. Group 3: Social Responsibility and Community Engagement - The company has formed a charity organization to engage in various public welfare activities, contributing to educational and healthcare initiatives, and has helped 328 children achieve their university dreams [6]. - The company has conducted 152 charitable activities, providing support to over 3,000 impoverished individuals and participating in the construction of over 20 public infrastructure projects [6]. Group 4: Financial Performance - The company is projected to achieve sales of 7.38 billion yuan in 2024, representing a year-on-year growth of 28.88%, and a net profit of 2.194 billion yuan, reflecting a 38.78% increase [6].

Core Insights - The article highlights the increasing competition in the miniaturization of MLCC (Multilayer Ceramic Capacitor), which has become a focal point for companies in the industry [1][15] - The demand for MLCC is rising due to the growth of AI and new energy industries, with the global MLCC market expected to exceed 140.7 billion yuan by 2028 [2] - SanHuan Group reported a significant increase in revenue and net profit for 2024, attributing this growth to their MLCC products [6] Company Overview - SanHuan Group has been deeply involved in the electronic ceramic components industry for over 50 years and is focusing on technological innovation to enhance product quality and expand application areas [1][16] - In 2024, SanHuan Group achieved total revenue of 7.375 billion yuan, a year-on-year increase of 28.78%, and a net profit of 2.19 billion yuan, up 38.55% [6] - The company has a dedicated R&D team of nearly 1,900 members, with R&D investment reaching 583 million yuan in 2024, accounting for 7.91% of total revenue [16] Industry Dynamics - The electronic components sector is a critical foundation for industrial innovation, with capacitors being the most commonly used components in circuit boards [2] - MLCCs offer advantages over SLCCs (Single Layer Ceramic Capacitors) such as smaller size, higher capacity, longer lifespan, lower loss rates at high frequencies, and greater reliability [2] - The miniaturization of components is essential for modern devices like smartphones, which require over 1,000 MLCCs each, and electric vehicles, which need more than 10,000 [1][15] Technological Challenges - The challenge in MLCC production lies in reducing the thickness of ceramic dielectric films while maintaining uniformity, which is crucial for performance [21] - SanHuan Group has successfully reduced the thickness of these films from 5 micrometers to 1 micrometer, overcoming significant technical barriers [21] - The company aims to enhance its product quality through continuous innovation and R&D efforts, despite facing competition from overseas firms with advantages in high-end product technology and capacity [16][21]

Group 1 - Dongguan is witnessing a transformation in its manufacturing sector, driven by technological innovation and strong industry collaboration [1][2] - The Xbot Park robotics base has supported over 140 hard-tech companies, with six achieving valuations over $1 billion [9][10] - The number of intelligent robotics companies in Dongguan exceeds 7,000, ranking among the highest in the country [10] Group 2 - Benmo Technology, established only five years ago, has developed direct-drive motors for consumer products, with an estimated market size of nearly 100 billion yuan in the home cleaning robot sector [2][6] - Jilun Intelligent has evolved from a small mechanical factory to a comprehensive manufacturing enterprise, focusing on tire molds, tire vulcanizers, industrial robots, and precision machine tools [11][15] - Sanhuan Group has made significant advancements in multi-layer ceramic capacitors (MLCC), achieving a breakthrough in the thickness of dielectric layers from 5 micrometers to less than 1 micrometer [19] Group 3 - Guangdong has formed nine trillion-yuan industrial clusters, with eight advanced manufacturing clusters recognized at the national level [19] - The province aims to cultivate more leading enterprises worth hundreds of billions and trillions, enhancing its competitive advantage in manufacturing [19]

Group 1: New Energy Vehicle Industry - The China Securities New Energy Vehicle Industry Index (930997) increased by 0.39%, with key stocks like Defu Technology (301511) rising by 3.57% and Huayou Cobalt (603799) by 2.92% [1] - The National Development and Reform Commission and other departments announced plans to establish over 100,000 high-power charging facilities by the end of 2027, aiming for improved service quality and technology upgrades [1] - CITIC Securities forecasts that domestic electric vehicle sales will reach 16.52 million units in 2025, with a year-on-year growth rate of 15-22% expected in 2026 [2] Group 2: Photovoltaic Industry - The China Securities Photovoltaic Industry Index (931151) rose by 0.15%, with major stocks like Sungrow Power (300274) increasing by 1.62% [4] - The top ten weighted stocks in the photovoltaic index account for 55.39% of the total index, indicating a concentrated market [9] Group 3: Automotive Parts Industry - The China Securities Automotive Parts Theme Index (931230) increased by 0.29%, with stocks like Zhengmei Machinery (601717) rising by 2.51% [4] - The top ten weighted stocks in the automotive parts index represent 41.05% of the total index, highlighting key players in the sector [9] Group 4: New Materials Industry - The China Securities New Materials Theme Index (H30597) rose by 0.50%, with stocks like Yake Technology (002409) increasing by 4.58% [6] - The top ten weighted stocks in the new materials index account for 51.27% of the total index, showcasing significant contributors to the industry [10]

Core Viewpoint - Chaozhou Sanhuan (Group) Co., Ltd. has approved a share repurchase plan, intending to buy back between RMB 150 million and RMB 200 million of its A-shares to support employee stock ownership plans and equity incentive programs [1][2]. Summary by Sections Share Repurchase Plan - The company will utilize its own or raised funds to repurchase shares through centralized bidding [1]. - The total amount allocated for the repurchase is between RMB 150 million and RMB 200 million [1]. Progress of Share Repurchase - As of June 30, 2025, the company has repurchased 5,133,800 shares, which accounts for 0.2679% of the total share capital [1]. - The highest transaction price was RMB 35.70 per share, while the lowest was RMB 32.05 per share, with a total transaction amount of RMB 173,000,000 [1]. Compliance and Regulations - The share repurchase adheres to relevant laws and regulations, including the company's established repurchase plan and guidelines from the Shenzhen Stock Exchange [2]. - The company will continue to implement the repurchase plan based on market conditions and will fulfill information disclosure obligations as required [2].

证券代码：300408 证券简称：三环集团 公告编号：2025-32 潮州三环（集团）股份有限公司 1、公司未在下列期间回购股份： （1）自可能对公司证券及其衍生品种交易价格产生重大影响的重大事项发 生之日或者在决策过程中，至依法披露之日内； 关于回购公司股份进展情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 潮州三环（集团）股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日召开第十一届董事会第十次会议，审议通过了《关于回购公司股份方案的议 案》，同意公司使用不低于人民币 1.5 亿元且不超过人民币 2 亿元的自有资金或 自筹资金，以集中竞价方式回购部分公司 A 股股份，并在未来适宜时机用于股权 激励计划或员工持股计划。具体内容详见公司于 2025 年 4 月 11 日在中国证监会 创业板指定信息披露网站刊登的公告。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，公司在回购股份期间应当在每个月的前三个交 易日内披露截至上月末的回购进展情况。现将具体情况公告如下： 一、回购股份的进 ...

Core Points - The company announced a cash dividend distribution plan for the fiscal year 2024, approved by the shareholders' meeting on June 5, 2025, with a total cash dividend of approximately 728.27 million yuan, distributing 3.80 yuan per 10 shares to all shareholders [1][2][3] - The total share capital before the distribution is 1,916,497,371 shares, and after excluding 5,133,800 shares repurchased, the base for distribution is 1,911,363,571 shares [1][2] - The dividend per share is calculated as 0.3789820 yuan, and the ex-dividend reference price will be adjusted accordingly [1][2] Distribution Details - The cash dividend distribution will be executed on June 25, 2025, with the record date set for June 24, 2025 [3] - The distribution will be directly credited to shareholders' accounts through their custodial securities companies [3][4] - Different tax rates apply for various categories of shareholders, with specific provisions for Hong Kong investors and domestic investors holding different types of shares [2][3] Consultation and Contact Information - The company provides a contact for inquiries regarding the dividend distribution, located in Guangdong Province, with specific contact details listed [4]

证券代码：300408 证券简称：三环集团 公告编号：2025-31 潮州三环（集团）股份有限公司 2024 年年度权益分派实施公告 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、潮州三环（集团）股份有限公司（以下简称"公司"或"本公司"）回购 专用证券账户中的股份 5,133,800 股不参与本次权益分派。 2、本次权益分派将以公司现有总股本 1,916,497,371 股剔除回购专用账户 中已回购股份 5,133,800 股后的股本 1,911,363,571 股为基数，向全体股东每 10 股派 3.80 元人民币（含税）。 3、本次权益分派实施后，按公司总股本折算的每 10 股现金分红以及除权除 息参考价计算如下： 本次除权前公司总股本为 1,916,497,371 股，按公司总股本折算的每 10 股 现 金 分 红 （ 含 税 ） = 现 金 分 红 总 额 ÷ 总 股 本 × 10=726,318,156.98 元 ÷ 1,916,497,371 股*10 股=3.789820 元（保留到小数点后六位，最后一位直接截 取，不四舍五入 ...

Core Insights - Nanchong City is focusing on an "industrial city" strategy, innovatively constructing a "3+2+3" modern industrial system to promote industrial agglomeration and development through a "chain leader system" and direct management by county (city, district) leaders [1][4][15] - The city is upgrading its traditional pillar industries, including automotive parts, chemical textiles, and food medicine, while also fostering high-growth industries like electronic information and high-end equipment manufacturing [1][4][16] - Nanchong is strategically positioning itself in emerging sectors such as low-altitude economy, hydrogen energy, and artificial intelligence, with 38 key projects signed in 2024 [1][4][16] Industry Overview - The concept of "new quality productive forces" was introduced by President Xi Jinping, emphasizing innovation as the main driving force for economic growth, characterized by high technology, efficiency, and quality [2][3][11] - This new productive force is seen as a crucial engine for high-quality economic development and a key support for building a modern industrial system [3][11] Economic Performance - Nanchong's GDP reached 286.17 billion yuan in 2024, with a year-on-year growth of 5.1%, surpassing the provincial average [4][5] - The industrial output value increased by 3.5% to 48.58 billion yuan, contributing 12.4% to GDP growth [7][9] Industrial Structure - The primary industry added value was 47.1 billion yuan (up 2.6%), the secondary industry 77.85 billion yuan (up 3.4%), and the tertiary industry 161.22 billion yuan (up 6.8%), indicating a more rational industrial structure [5][9] - The city has established eight industrial chain special classes to implement targeted strategies for traditional and emerging industries [7][9] Policy Framework - Nanchong has launched a series of policies to stabilize growth, including 13 measures for economic stability and 18 for manufacturing [4][11] - The city has received 2.77 billion yuan in project funding, ranking third in the province, to support key industrialization and technological transformation projects [7][11] Modern Industrial System - The "3+2+3" modern industrial system includes three pillar industries (automotive parts, chemical textiles, food medicine), two growth industries (electronic information, high-end equipment manufacturing), and three emerging sectors (low-altitude economy, hydrogen energy, artificial intelligence) [15][16] - Nanchong is focusing on high-end, green, and intelligent development directions for its pillar industries, with significant investments in projects like the 33 billion yuan Yongying New Materials project [15][16] Future Development Trends - Traditional industries will undergo intelligent upgrades, while emerging industries will expand in scale [26][28] - New sectors will be ecologically cultivated, with a focus on low-altitude economy, hydrogen energy, and artificial intelligence [29][30] - The city aims to promote a green, low-carbon circular economy, supporting the development of new energy commercial vehicles and hydrogen fuel cell vehicles [30]