中信证券股份有限公司 关于胜宏科技（惠州）股份有限公司股东 向特定机构投资者询价转让股份 相关资格的核查意见 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 1 中信证券股份有限公司（以下简称"中信证券"）受胜宏科技（惠州）股份 有限公司（以下简称"胜宏科技"）股东深圳市胜华欣业投资有限公司（以下简 称"出让方"）委托，组织实施本次胜宏科技首发前股东向特定机构投资者询价 转让（以下简称"本次询价转让"）。 （一）核查过程 根据相关法规要求，中信证券对出让方的相关资格进行了核查。出让方已出 具《关于向特定机构投资者询价转让首次公开发行前已发行股份出让方资格相关 事宜的承诺函》。中信证券已完成出让方资格核查工作，对出让方进行访谈和问 询，并收集相关核查文件。此外，中信证券还通过公开信息渠道检索等手段对出 让方资格进行了核查。 （二）核查情况 根据《上市公司股东减持股份管理暂行办法》《深圳证券交易所创业板股票 上市规则（2025 年修订）》《深圳证券交易所上市公司自律监管指引第 18 号— —股东及董事、高级管理人员减持股份（2025 年修订）》《深圳证券交易所上市 公司自律监管指引第 16 号——创业 ...

证券代码：300476 证券简称：胜宏科技 公告编号：2025- 066 胜宏科技(惠州)股份有限公司 股东询价转让计划书 深圳市胜华欣业投资有限公司（以下简称"出让方"）保证向胜宏科技(惠州)股份有限公 司（以下简称"胜宏科技"、"公司"或"本公司"）提供的信息内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 拟参与胜宏科技首发前股东询价转让的股东为深圳市胜华欣业投资有限公 司； 出让方拟转让股份的总数为25,729,286股，占公司总股本的比例为3.00%（已 剔除回购专用账户中的股份数量）； 本次询价转让不通过集中竞价交易或大宗交易方式进行，不属于通过二级市 场减持。受让方通过询价转让受让的股份，在受让后6个月内不得转让； 本次询价转让的受让方为具备相应定价能力和风险承受能力的机构投资者。 本次询价转让的出让方深圳市胜华欣业投资有限公司为公司控股股东，为公 司实际控制人控制的企业，本次询价转让的出让方非董事及高级管理人员；深圳 市胜华欣业投资有限公司持有胜宏科技股份比例超过5%。 （三）出让方关于拟转让股份权属清晰、不存在限制或者禁止转让情形、不 违反相关 ...

Market Overview - The Shanghai Composite Index fell by 0.94% on May 23, with only three sectors rising: automotive, pharmaceuticals, and basic chemicals, which increased by 0.42%, 0.42%, and 0.05% respectively. The sectors with the largest declines were computer and comprehensive, down by 1.97% and 1.84% respectively. The electronics sector dropped by 1.50% [1]. Fund Flow Analysis - The net outflow of main funds from both markets reached 28.926 billion yuan, with only three sectors experiencing net inflows: automotive (3.202 billion yuan), pharmaceuticals (1.107 billion yuan), and basic chemicals (462 million yuan). In contrast, 28 sectors saw net outflows, with the electronics sector leading at 5.802 billion yuan, followed by the computer sector at 5.296 billion yuan. Other sectors with significant outflows included non-bank financials, telecommunications, and electric equipment [1]. Electronics Sector Performance - The electronics sector experienced a decline of 1.50%, with a total net outflow of 5.802 billion yuan. Out of 461 stocks in this sector, 57 rose, including one that hit the daily limit, while 401 fell. Notably, 104 stocks had net inflows, with the highest being Xuguang Electronics at 104 million yuan, followed by Qiangli New Materials and Landai Technology at 89.824 million yuan and 84.793 million yuan respectively. Conversely, 11 stocks saw net outflows exceeding 100 million yuan, with the largest outflows from SMIC, Shenghong Technology, and Changying Precision, at 249 million yuan, 228 million yuan, and 212 million yuan respectively [2][3]. Key Stocks in Electronics Sector - The top stocks with net inflows in the electronics sector included: - Xuguang Electronics: +8.33%, 1.039 billion yuan - Qiangli New Materials: +8.20%, 898.243 million yuan - Landai Technology: +1.37%, 847.933 million yuan - The stocks with the largest net outflows included: - SMIC: -1.09%, -248.541 million yuan - Shenghong Technology: -0.77%, -228.153 million yuan - Changying Precision: -4.07%, -211.856 million yuan [2][3].

Group 1 - The China Securities 500 Quality Growth Index (930939) increased by 0.59% as of May 23, 2025, with notable gains from Huahai Pharmaceutical (600521) at 8.66%, Betta Pharmaceuticals (300558) at 6.12%, and Xinlitai (002294) at 5.79% [1] - The 500 Quality Growth ETF (560500) rose by 0.75%, with the latest price at 0.95 yuan [1] - The Chief Risk Officer announced a more flexible and precise issuance counter-cyclical adjustment mechanism to better align investment and financing in the capital market [1] Group 2 - Bohai Securities indicated that future market opportunities will depend on incremental changes, suggesting that in case of unexpected downturns due to external risks or investor sentiment, investors should consider counter-cyclical strategies [2] - The report emphasized a "barbell" allocation strategy, focusing on high-dividend and relatively underweighted banking sectors, while also looking for thematic investment opportunities in mergers and acquisitions and new consumption sectors [2] - The 500 Quality Growth Index selects 100 companies with high profitability, sustainable earnings, and strong cash flow from the China Securities 500 Index, providing diverse investment options [2] Group 3 - As of April 30, 2025, the top ten weighted stocks in the China Securities 500 Quality Growth Index accounted for 24.07% of the index, with Chifeng Jilong Gold Mining (600988) being the highest at 3.13% [3] - The top ten stocks include companies like Ninebot (689009), Kaiying Network (002517), and Shenghong Technology (300476), with varying weightings and performance [5]

Group 1: Investor Relations Activities - The investor relations activities included a site visit, analyst meetings, and media interviews, with a total of 20 participants from various financial institutions and media [1] - The event took place on May 21, 2025, at Shenghong Technology (Huizhou) Co., Ltd. [1] Group 2: Company Strategy and Market Position - Shenghong Technology is expanding its operations in Southeast Asia, driven by global economic integration and supply chain diversification, aligning with the "China + N" model in the PCB industry [3] - The company has established a new generation of smart factories, being the first in the industry to do so, which enhances production capacity and quality [4] - The company emphasizes green manufacturing as a key strategy for transformation and upgrading [4] Group 3: Technological Trends and Future Outlook - The rapid development of artificial intelligence (AI) is seen as an irreversible trend, with significant implications for various sectors, including PCB manufacturing [4] - Shenghong Technology is involved in the automotive electronics sector, focusing on smart driving and electric vehicle systems, which are expected to drive future growth in PCB production [6] - The company anticipates sustained high performance in its financial results, with a strong order backlog and improving product yield [6]

Group 1 - The core viewpoint of the news is that the A-share market is expected to gradually break away from the sideways trading range seen since the second half of last year, supported by strong market stabilization measures and improving economic conditions [1] - The CSI 500 Quality Growth Index, which includes 100 companies with high profitability and sustainable earnings, is closely tracked by the CSI 500 Quality Growth ETF [2] - As of April 30, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index account for 24.07% of the index, with notable companies including Chifeng Jilong Gold, Ninebot, and Kaiying Network [2] Group 2 - The CSI 500 Quality Growth ETF has seen a recent decline of 0.32%, with a latest price of 0.94 yuan and a trading volume of 126.29 million yuan [1] - The ETF's average daily trading volume over the past week was 596.99 million yuan, ranking it first among comparable funds [1] - The performance of individual stocks within the index varied, with Lijun Group leading with a 2.13% increase, while Wanxiang Qianchao experienced a significant drop of 6.72% [1][3]

Market Overview - The Shanghai Composite Index rose by 0.38% on May 20, with 27 out of the 28 sectors experiencing gains, led by the beauty and personal care sector, which increased by 2.50% [2] - The electronic sector also saw an increase of 0.71% [2] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 1.037 billion yuan, with 18 sectors seeing net inflows [2] - The electronic sector had the highest net inflow of funds, totaling 2.673 billion yuan, followed by the pharmaceutical and biological sector with a net inflow of 1.555 billion yuan [2] Electronic Sector Performance - Within the electronic sector, 334 out of 461 stocks rose, with 7 hitting the daily limit [3] - The top three stocks with the highest net inflow were O-film Technology, with 1.788 billion yuan, followed by Yingfangwei and Wanrun Technology, with net inflows of 297 million yuan and 255 million yuan respectively [3] Top Gainers in Electronic Sector - O-film Technology saw a price increase of 9.97% with a turnover rate of 11.35% and a main fund flow of 1.788 billion yuan [4] - Yingfangwei increased by 10.04% with a turnover rate of 12.45% and a main fund flow of 297 million yuan [4] - Wanrun Technology rose by 10.03% with a turnover rate of 4.96% and a main fund flow of 255 million yuan [4] Top Losers in Electronic Sector - The stock with the highest net outflow was Guangzhi Technology, with a net outflow of 173.218 million yuan and a price increase of 4.61% [5] - Hanwujing had a net outflow of 143.987 million yuan with a price increase of 0.16% [5] - Landai Technology experienced a net outflow of 134.810 million yuan with a price decrease of 2.25% [5]

Core Viewpoint - The company, Shenghong Technology, is making significant investments to enhance its core competitiveness and ensure sustainable development, particularly in response to the growing demand for AI computing hardware [1][4]. Group 1: Investment Plans - Shenghong Technology plans to invest no more than 3 billion yuan in 2025 for fixed assets and intangible assets, focusing on new factory construction, equipment procurement, and automation line upgrades [1][4]. - The investment is seen as a strategic move to accelerate the release of AI computing hardware capacity and deepen global expansion [1][4]. Group 2: Financial Performance - In Q1 2025, Shenghong Technology achieved a revenue of 4.312 billion yuan, representing an 80.31% year-on-year increase, and a net profit of 921 million yuan, up 339.22% year-on-year [2][3]. - For the full year 2024, the company reported a revenue of 10.73 billion yuan, a 35.31% increase, and a net profit of 1.154 billion yuan, a 71.96% increase [2][3]. - The company's gross margin rose to 33.37%, up 13.89 percentage points year-on-year, while the net margin reached 21.35%, up 12.58 percentage points year-on-year, significantly exceeding the global PCB industry average of 10%-15% [2][3]. Group 3: Market Outlook - Shenghong Technology anticipates continued growth in downstream industries such as automotive electronics and server/data storage, driven by AI, which will support high growth in multilayer boards and packaging substrates [3]. - The company expects a quarter-on-quarter net profit growth of no less than 30% in Q2 2025, with a year-on-year increase exceeding 360% for the first half of 2025 [3]. Group 4: Capacity Expansion and Globalization - To meet the surge in orders, Shenghong Technology is accelerating capacity expansion, with plans to raise up to 1.98 billion yuan through a stock issuance for overseas projects in Vietnam and Thailand [4]. - The company has a strong order backlog and a good capacity utilization rate, with new capacity expected to come online in June 2025, significantly enhancing its high-end HDI and multilayer production capabilities [4]. - Shenghong Technology has been focusing on globalization, with over 50% of its orders coming from overseas, achieved through acquisitions and investments in foreign factories [4]. Group 5: R&D and Innovation - The company has invested over 2 billion yuan in R&D since its listing, establishing comprehensive technological capabilities across the PCB industry chain [4][5]. - Shenghong Technology holds 399 patents, with innovations in AI computing, robotics, low-altitude economy, and autonomous driving, and has established partnerships with leading companies in the humanoid robotics sector [5]. - The company plans to continue increasing R&D investment to enhance product competitiveness and provide high-quality products and services to global customers [5].

Group 1 - The core viewpoint of the articles indicates that the market is expected to experience a steady upward trend supported by policy measures and liquidity easing, with a focus on technology growth and consumer recovery as the main driving forces [1][2] - The Central Political Bureau meeting emphasized timely interest rate cuts and reserve requirement ratio reductions, which are expected to release liquidity through structural tools, thereby solidifying the market bottom [1] - In Q1 2025, the net profit attributable to shareholders of A-shares turned positive year-on-year, with significant recovery in the profitability of small and medium-sized stocks, particularly in the TMT and consumer sectors [1] Group 2 - The CSI 500 Quality Growth Index consists of 100 listed companies selected for their high profitability, sustainable earnings, and strong cash flow, providing diverse investment options for investors [2] - As of April 30, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index accounted for 24.07% of the index, with notable companies including Chifeng Jilong Gold Mining and Ninebot [2][4] - The 500 Quality Growth ETF closely tracks the CSI 500 Quality Growth Index, offering investors a way to invest in these high-quality growth companies [2][4]

Group 1 - Shenghong Technology plans to invest up to 3 billion yuan in fixed and intangible asset purchases, including new factory construction, equipment acquisition, and automation upgrades [1] - The investment aims to enhance the company's core competitiveness and ensure sustainable development, responding to high capacity utilization and strong order backlog [1] - The demand for multilayer boards and high-density interconnect boards is expected to grow significantly in the next five years, driven by the AI wave in sectors like automotive electronics and servers [1] Group 2 - Multiple PCB companies, including Pengding Holdings, Qiangda Circuit, and Hush Electronics, are investing in high-end product projects this year [2] - Pengding Holdings anticipates a capital expenditure of 5 billion yuan in 2025, focusing on high-density interconnect boards and digital transformation projects [2] - Qiangda Circuit is constructing a project for multilayer and high-density interconnect boards to meet the needs of 5G communication, automotive electronics, and AI [2] - Hush Electronics is increasing investment in key processes to improve capacity for high-end products, expecting significant capacity improvements by the second half of 2025 [2] Group 3 - The development of AI presents vast market opportunities for the PCB industry, prompting companies to invest in new technologies and materials [3] - Companies are encouraged to enhance their capabilities and competitiveness in the PCB sector through strategic investments [3]