（1）以区间数进行业绩预告的 单位：万元 证券代码：300476 证券简称：胜宏科技 公告编号：2026-006 胜宏科技（惠州）股份有限公司 2025 年度业绩预告 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、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形 四、其他相关说明 本次业绩预告是公司财务部门初步测算的结果，具体财务数据将在 2025 年年度报告中详细披露。公司将严格依照有关法律法规的规定和要求，及时做 好信息披露工作，敬请广大投资者谨慎决策，注意投资风险。 五、备查文件 1、董事会关于 2025 年度业绩预告的情况说明。 特此公告。 | 项 目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 | | 416,000 | ～ | 456,000 | 115,443.11 | | 股东的净利润 | 比上年同期增长 | 260.35% ...

Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable declines in share prices across multiple sectors, suggesting a bearish sentiment in the market. Group 1: Stock Performance and Capital Outflow - The top stock with the highest capital outflow is TBEA Co., Ltd. (特变电工), with an outflow of 3.085 billion yuan and a price drop of 2.67% [1][2] - BlueFocus Communication Group (蓝色光标) experienced a capital outflow of 2.024 billion yuan, with a significant price decline of 11.52% [1][2] - Zijin Mining Group (紫金矿业) saw an outflow of 2.009 billion yuan and a price decrease of 2.04% [1][2] - China Satellite Communications (中国卫星) had a capital outflow of 1.729 billion yuan, with a price drop of 4.61% [1][2] - Contemporary Amperex Technology Co., Ltd. (宁德时代) experienced an outflow of 1.579 billion yuan and a minor price decline of 0.4% [1][2] Group 2: Sector Analysis - The electric equipment sector, represented by TBEA Co., Ltd., shows a significant capital outflow, indicating potential challenges in this industry [2] - The cultural communication sector, represented by BlueFocus, is facing substantial capital withdrawal, reflecting investor concerns [2] - The non-ferrous metals sector, including companies like Zijin Mining and China Aluminum (中国铝业), is also experiencing notable outflows, suggesting a broader trend affecting commodity-related stocks [2][3] - The software development sector, represented by companies like Yonyou Network (用友网络) and Weining Health (卫宁健康), is witnessing significant capital outflows, indicating potential vulnerabilities in this area [3]

一、证券市场回顾 南财金融终端数据显示，昨日（1月15日，下同）上证综指日内下跌0.33%，收于4112.6点，最高4133.07点；深证成指日内上涨0.41%，收于14306.73点，最 高14328.6点；创业板指日内上涨0.56%，收于3367.92点，最高3372.47点。 二、融资融券情况 | 证券代码 | 证券简称 | 龙虎榜净买入额(万元) | | --- | --- | --- | | 002130.SZ | 沃尔核材 | 82941.07 | | 002446.SZ | 盛路通信 | 32664.5 | | 603011.SH | 合锻智能 | 30784.79 | | 000681.SZ | 视觉中国 | 19509.34 | | 300758.SZ | 七彩化学 | 16204.6 | | 301629.SZ | 矽电股份 | 12905.05 | | 002400.SZ | 省广集团 | 11229.55 | | 603402.SH | 陕西旅游 | 9322.46 | | 301378.SZ | 通达海 | 9164.28 | | 301348.SZ | 蓝箭电子 | 8788.19 ...

Group 1 - The core viewpoint of the articles highlights the significant growth in the A-share market's margin trading and securities lending activities, with new account openings and financing balances reaching record levels [1][3][4] Group 2 - In 2025, the number of new margin trading accounts reached 1.542 million, a 52.9% increase from 1.0085 million in 2024, with total accounts exceeding 15.64 million by year-end [1][4] - By January 14, 2026, the A-share financing balance reached 2.68 trillion yuan, increasing by approximately 156.5 billion yuan within the first eight trading days of the year, setting a new historical record [3] - The financing balance rose from 1.85 trillion yuan at the beginning of 2025 to 2.52 trillion yuan by the end of the year, marking an annual growth rate of over 36% [3] - The hard technology and high-end manufacturing sectors have become the primary focus for leveraged funds, with the electronics industry leading in net financing purchases at 31.78 billion yuan [3] - Key companies in the AI and new energy sectors have attracted significant financing, with Zhongji Xuchuang receiving a net purchase of 16.186 billion yuan, and other leading firms like Ningde Times and New Yisheng also exceeding 16 billion yuan [3]

Core Viewpoint - The data indicates significant outflows of main funds from various stocks, with notable declines in share prices across multiple sectors, particularly in cultural media, automotive parts, and wind power equipment [1][2][3] Group 1: Stock Performance and Fund Flow - Blue Cursor experienced a decline of 14.7% with a fund outflow of 2.286 billion [2] - Shanzi Gaoke saw a decrease of 9.35% with a fund outflow of 2.105 billion [2] - Goldwind Technology had a drop of 10.01% with a fund outflow of 1.460 billion [2] - Dongfang Fortune's stock fell by 2.87% with a fund outflow of 1.438 billion [2] - Yanshan Technology declined by 10.01% with a fund outflow of 1.421 billion [2] - Aerospace Electronics dropped by 9.98% with a fund outflow of 1.236 billion [2] - China Satellite's stock decreased by 10% with a fund outflow of 1.149 billion [2] - Sanwei Communication had a slight increase of 1.28% but still faced a fund outflow of 0.706 billion [2] - Tebian Electric experienced a minor increase of 0.19% with a fund outflow of 0.697 billion [2] - Compass saw a decline of 4.79% with a fund outflow of 0.656 billion [2] Group 2: Additional Stock Data - Xinyisheng's stock fell by 1.51% with a fund outflow of 0.645 billion [3] - Dataport experienced a decline of 2.44% with a fund outflow of 0.638 billion [3] - Shenghong Technology's stock decreased by 2.74% with a fund outflow of 0.635 billion [3] - Shanghai Huanxun saw a significant drop of 11.29% with a fund outflow of 0.587 billion [3] - China Satellite Communications experienced a decline of 9.58% with a fund outflow of 0.582 billion [3] - Leo Holdings' stock fell by 2.92% with a fund outflow of 0.564 billion [3] - Yongding's stock decreased by 9.44% with a fund outflow of 0.558 billion [3] - ZTE Corporation saw a decline of 2.38% with a fund outflow of 0.543 billion [3] - Runze Technology experienced a drop of 9.48% with a fund outflow of 0.543 billion [3] - Weining Health's stock fell by 5.91% with a fund outflow of 0.528 billion [3]

Group 1 - The core viewpoint of the news is that Shenghong Technology's stock has experienced a decline in price and trading volume, with significant net outflows of capital, indicating potential investor concerns [1] - As of January 15, Shenghong Technology's stock price was 276.27 yuan per share, with a market capitalization of 240.45 billion yuan and a trading volume of 2.503 billion yuan [1] - The company has seen a year-to-date stock price decrease of 3.93%, with a 6.57% drop over the last five trading days [1] Group 2 - Shenghong Technology reported a revenue of 14.117 billion yuan for the period from January to September 2025, representing a year-on-year growth of 83.40% [2] - The net profit attributable to shareholders for the same period was 3.245 billion yuan, showing a significant year-on-year increase of 324.38% [2] - The company has distributed a total of 1.483 billion yuan in dividends since its A-share listing, with 583 million yuan distributed over the last three years [3] Group 3 - As of December 19, the number of shareholders for Shenghong Technology was 192,200, a decrease of 5.43% from the previous period [2] - The average number of circulating shares per shareholder increased by 5.75% to 4,449 shares [2] - Major institutional shareholders have reduced their holdings, with Hong Kong Central Clearing Limited holding 25.5466 million shares, down by 2.1158 million shares [3]

Group 1 - As of January 14, a total of 546 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more [1] - Qin'an Co., Ltd. has the longest duration of net outflows, with 16 consecutive days, followed by Shen Shen Fang A with 15 days [1] - The largest total net outflow amount is from Goldwind Technology, with a cumulative outflow of 10.944 billion yuan over six days [1] Group 2 - China Ping An follows Goldwind Technology with a net outflow of 9.341 billion yuan over seven days [1] - The stock with the highest percentage of net outflow relative to trading volume is Feilu Co., Ltd., which has seen a 2.97% decline over the past five days [1] - Other notable companies with significant net outflows include Luxshare Precision (7.204 billion yuan), Industrial Fulian (6.778 billion yuan), and Shenghong Technology (5.568 billion yuan) [1] Group 3 - The report includes a detailed table listing stocks with net outflows, showing their respective net outflow amounts, percentages, and cumulative price changes [1][2][3][4] - Stocks like China Mobile and Guofeng New Materials also show notable net outflows, with China Mobile experiencing 1.062 billion yuan over eight days [2] - The data highlights a trend of declining stock prices among companies with significant net outflows, indicating potential investor concerns [1][2][3]

Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable declines in share prices across multiple sectors, particularly in aerospace, communication, and consumer electronics. Group 1: Major Stock Outflows - The stock with the highest capital outflow is Goldwind Technology, with an outflow of 5.043 billion yuan and a price drop of 3.36% [1][2] - Aerospace Electronics experienced a capital outflow of 4.378 billion yuan, with a significant price decline of 10.01% [1][2] - BlueFocus Media saw an outflow of 2.976 billion yuan, but its share price increased by 1.12% [1][2] Group 2: Sector Performance - The wind power equipment sector, represented by Goldwind Technology, is facing challenges with a notable capital outflow [2] - The aerospace sector, particularly Aerospace Electronics and Aerospace Development, is experiencing substantial capital withdrawals, indicating potential investor concerns [1][2] - The consumer electronics sector, including Industrial Fulian and Xunwei Communication, is also seeing significant outflows, reflecting broader market trends [1][3] Group 3: Additional Notable Stocks - Other companies with significant capital outflows include Kunlun Wanwei (2.078 billion yuan), Raytheon Defense (1.894 billion yuan), and China Satcom (1.439 billion yuan), all of which are in the communication and internet service sectors [1][3] - Semiconductor company SMIC reported an outflow of 1.206 billion yuan, indicating investor caution in the semiconductor industry [1][3] - The photovoltaic equipment sector, represented by Sunshine Power, also faced an outflow of 1.077 billion yuan, highlighting challenges in renewable energy investments [1][3]

Core Insights - The automotive PCB industry is experiencing significant growth, with the global market size projected to increase from $6.457 billion in 2020 to $9.195 billion by 2024, representing a compound annual growth rate (CAGR) of 9.2% [2] - China, as the largest automotive producer and consumer, is expected to see its automotive PCB market reach approximately 22.27 billion yuan in 2024, growing by 4.3% year-on-year, driven by the rapid advancement of electric vehicles and smart automotive technologies [2] Industry Overview - Printed Circuit Boards (PCBs) are essential components in various sectors, including automotive, consumer electronics, industrial, medical, and military applications [4] - In the automotive sector, PCBs must exhibit excellent electrical performance and reliability, with rigorous testing for high-temperature aging, low-temperature shock, and thermal cycling [8] - The automotive PCB market is characterized by a shift towards high-end products, with increasing demand for advanced technologies such as ADAS and electric vehicle components [2][4] Market Dynamics - The automotive PCB market is expected to expand further, reaching $9.712 billion in 2025, with a year-on-year growth of 5.6% [2] - The competitive landscape is evolving, with a tiered structure where international giants dominate high-end markets while Chinese companies focus on mid-range segments [2] - Key competitors in the automotive PCB space include companies like Huada Technology, Shennan Circuit, and Jinko Electronics, with market shares of 3.7%, 2.3%, and 4.1% respectively in 2024 [2][3] Application and Characteristics - Automotive PCBs are categorized into flexible PCBs, rigid PCBs, thick copper PCBs, multilayer PCBs, and HDI boards, each serving different applications based on their material properties [5] - Key features required for automotive PCBs include durability, lightweight design, high current carrying capacity, and thermal resistance, which are critical for various automotive applications such as battery management systems and electronic control units [5][8] Industry Supply Chain - The automotive PCB supply chain consists of upstream raw materials (electrolytic copper, wood pulp, fiberglass, synthetic resins), midstream manufacturing, and downstream applications in traditional and electric vehicles [6][7] - The manufacturing process is capital and technology-intensive, with high barriers to entry due to the lengthy certification processes required by automotive manufacturers [6]

胜宏科技（惠州）股份有限公司 募集资金置换专项鉴证报告 · 信会计师事务所(特殊普通合伙) HINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS 募集资金置换专项鉴证报告 信会师报字[2026]第 ZC10003 号 我们接受委托,对后附的胜宏科技(惠州)股份有限公司(以下简称"贵公 司")编制的《关于胜宏科技(惠州)股份有限公司以募集资金置换预先投入募 投项目自筹资金及已支付发行费用的专项说明》(以下简称"专项说明")执行 了合理保证的鉴证业务。 一、董事会的责任 按照中国证券监督管理委员会《上市公司募集资金监管规则》(证监会公告 (2025)10 号)、《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》以及《深圳证券交易所创业板上市公司自律监管指南第2 号— 一公告格式》等相关规定要求编制的专项说明,提供真实、合法、完整的实物证 据、原始书面材料、副本材料、口头证言以及我们认为必要的其他证据,并保证 其内容真实、准确、完整,不存在虚假记录、误导性陈述或重大遗漏,是贵公司 董事会的责任。 二、注册会计师的责任 我们的责任是在实施鉴证工作的基 ...