Company Overview - Victory Giant Technology (HuiZhou) Co., Ltd. is primarily engaged in the research, design, production, and sales of printed circuit boards (PCBs) [11] - The company specializes in high-precision PCBs, including rigid circuit boards (high-end multilayer boards and HDI boards) and flexible circuit boards [11] - The main products are widely used in artificial intelligence, automotive electronics (new energy), next-generation communication technology, big data centers, industrial interconnectivity, medical instruments, computers, and aerospace [11] Financial Information - The company plans to raise a total of 190 million yuan through a specific issuance of A-shares, which is a reduction from the original target of 198 million yuan [8] - The net proceeds from the fundraising will be allocated to various projects, with a total investment amount of 376.76 million yuan [8] Shareholding Structure - As of March 31, 2025, the major shareholders include the controlling shareholder, Shenzhen Shenghua Xinye Investment Co., Ltd., holding 15.63% of shares, and Hong Kong Shenghong holding 15.24% [12] - The actual controller, Chen Tao, holds 90% of Shenghua Xinye and indirectly controls 30.87% of the voting rights in the company [12] Investment Projects - The company plans to invest in projects such as the AI HDI project in Vietnam and the high-layer PCB project in Thailand, with expected annual revenues of 1.95 billion yuan and 1.65 billion yuan respectively after reaching production capacity [2][3] - The new capacity from these projects is projected to account for 16.13% and 17.34% of the company's total HDI and multilayer board capacity in 2024 [2] Market Risks - The company faces risks related to fluctuations in overseas sales revenue, which amounted to approximately 4.91 billion yuan and 4.88 billion yuan in the reporting period [2] - The PCB industry is characterized by intense competition, with a trend towards consolidation and larger enterprises dominating the market [4] Regulatory Environment - The company operates under the supervision of the Ministry of Industry and Information Technology of the People's Republic of China, which is responsible for formulating and implementing industry policies and standards [12]

Group 1 - The company, Shenghong Technology (Huizhou) Co., Ltd., has submitted an application for a specific stock issuance, which was approved by the Shenzhen Stock Exchange's Listing Review Center on July 17, 2025 [1][2] - The company has updated and revised the content of the fundraising prospectus and related application documents in accordance with its actual situation and relevant review requirements [1] - The issuance of stocks is subject to approval from the China Securities Regulatory Commission (CSRC), and there is uncertainty regarding whether the CSRC will grant the registration decision and the timing of such a decision [2] Group 2 - The company will fulfill its information disclosure obligations in a timely manner based on the progress of this matter [2]

胜宏科技（惠州）股份有限公司 关于向特定对象发行股票提交募集说明书（注册稿）等 申请文件的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 胜宏科技（惠州）股份有限公司（以下简称"公司"）向特定对象发行股票的 申请已于 2025 年 7 月 17 日获得深圳证券交易所上市审核中心审核通过，具体内 容详见公司于 2025 年 7 月 17 日在巨潮资讯网（www.cninfo.com.cn）披露的《关 于向特定对象发行股票申请获得深圳证券交易所上市审核中心审核通过的公告》 （公告编号：2025-077）。 证券代码：300476 证券简称：胜宏科技 公告编号：2025-078 根据公司实际情况及相关审核要求，公司会同相关中介机构对募集说明书等 申请文件内容进行了更新和修订，具体内容详见公司于 2025 年 7 月 18 日在巨潮 资讯网（www.cninfo.com.cn）披露的相关文件。 公司本次向特定对象发行股票事项尚需获得中国证券监督管理委员会（以下 称"中国证监会"）作出同意注册的决定后方可实施，最终能否获得中国证监会作 出同意注册的决定及其时间尚 ...

国信证券股份有限公司关于 胜宏科技（惠州）股份有限公司 创业板向特定对象发行股票的 发行保荐书 保荐人（主承销商） （注册地址：深圳市罗湖区红岭中路 1012 号国信证券大厦 16-26 层） 3-1-1 保荐机构声明 本保荐机构及所指定的两名保荐代表人均是根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司证券发行注册管理办法》（以下简称"《注册管理办法》"） 等有关法律、法规和中国证券监督管理委员会（以下简称"中国证监会"）的有 关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则、行业执业规范和 道德准则出具本发行保荐书，并保证所出具的文件真实、准确、完整。 3-1-2 第一节 本次证券发行基本情况 一、保荐代表人情况 张茜女士：国信证券投资银行事业部业务总监，保荐代表人，管理学硕士。 2017 年加入国信证券开始从事投资银行工作，先后参与完成了贝仕达克、瑞华泰 等首次公开发行股票项目，胜宏科技向特定对象发行股票项目、瑞华泰可转债等 再融资项目。 郭振国先生：国信证券投资银行事业部执行总经理，保荐代表人，经济学硕 士。2008 年加 ...

胜宏科技（惠州）股份有限公司 Victory Giant Technology (HuiZhou) Co., Ltd. （注册地址：惠州市惠阳区淡水镇新桥村行诚科技园） 股票简称：胜宏科技 股票代码：300476 2024年度向特定对象发行股票 募集说明书 （注册稿） 保荐机构（主承销商） （住所：深圳市罗湖区红岭中路 1012 号国信证券大厦 16-26 层） 二〇二五年七月 胜宏科技（惠州）股份有限公司 募集说明书 公司声明 本公司及全体董事、监事、高级管理人员承诺本募集说明书内容真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承 担相应的法律责任。 本公司控股股东承诺本募集说明书内容真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 一、特别风险提示 公司特别提醒投资者注意以下风险扼要提示，欲详细了解，请认真阅读本募 集说明书"第六节 与本次发行相关的风险因素"。 （一）境外收入波动的风险 中国证监会、交易所对本次发行所作的任何决 ...

保荐人（主承销商） 国信证券股份有限公司关于 胜宏科技（惠州）股份有限公司 创业板向特定对象发行股票的 上市保荐书 （注册地址：深圳市罗湖区红岭中路 1012 号国信证券大厦 16-26 层） 3-3-1 保荐机构声明 本保荐机构及所指定的两名保荐代表人均是根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司证券发行注册管理办法》（以下简称"《注册管理办法》"）等法律法规和中 国证券监督管理委员会（以下简称"中国证监会"）及深圳证券交易所（以下简称 "深交所"）的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则和 行业自律规范出具本上市保荐书，并保证所出具的文件真实、准确、完整。 3-3-2 深圳证券交易所： 胜宏科技（惠州）股份有限公司（以下简称"胜宏科技"、"发行人"、"公司"） 拟申请向特定对象发行股票。国信证券股份有限公司（以下简称"国信证券"、"保 荐机构"、"保荐人"）认为发行人符合《公司法》《证券法》《注册管理办法》以及 《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）等法律、法 规和规范性文件的规定， ...

Group 1 - Zhao Feng increased his holdings in consumer electronics, advertising, banking, insurance, and electric power sectors during Q2 [3][4] - Major new positions include Xiaomi Group, Focus Media, Luxshare Precision, Hangzhou Bank, China Taiping, and Shenma Electric Power [4] - The top three holdings by market value as of Q2 2025 are Tencent Holdings, CATL, and Xiaomi Group-W [4] Group 2 - Zhao Feng's strategy involved reducing positions in high-valuation and uncertain-profitability stocks while increasing positions in lower-valuation stocks with high free cash flow returns [6][7] - Zhao Feng believes the equity market's positive foundation remains solid, with potential recovery in corporate profitability due to structural economic adjustments [7] - High-dividend companies continue to attract capital, as their static dividend yields exceed risk-free rates, making them scarce assets [7][8] Group 3 - Fu Pengbo's Q2 holdings showed significant changes, focusing on sectors with high market sentiment [9][10] - New positions include Xinyisheng, increased stakes in Cambrian Technology, Giant Star Technology, and Luxshare Precision, while reducing positions in Tencent, CATL, China Mobile, and others [10][11] - The top three holdings by market value for Fu Pengbo are Shenghong Technology, Tencent Holdings, and CATL [11] Group 4 - Fu Pengbo's strategy for Q2 emphasized electronic, internet technology, precision manufacturing, and pharmaceutical sectors [12] - The PCB industry saw significant gains, leading to an increased allocation in Fu Pengbo's portfolio, while traditional energy companies saw a decrease in net value contribution [12] - Fu Pengbo plans to assess existing holdings' operational status and future development while actively seeking industries and companies with upward trends in sentiment [12]

Group 1 - The core viewpoint of the news is the significant changes in the holdings of public funds, particularly focusing on the investment strategies of prominent fund managers like Fu Pengbo and Zhao Feng [1][7]. - Fu Pengbo's fund has increased its position in Xinyi Technology, which has seen a stock price increase of 1502.9% since the beginning of 2023, making it the second-highest in the market [2][3]. - The earnings forecast for Xinyi Technology for the first half of 2025 is projected to be between 3.7 billion to 4.2 billion yuan, representing a year-on-year growth of 327.7% to 385.5% [3]. Group 2 - Fu Pengbo's top ten holdings include Shenghong Technology, Tencent Holdings, CATL, China Mobile, Luxshare Precision, Xinyi Technology, Cambricon, Giant Star Technology, Sanofi, and Maiwei [3][5]. - In the second quarter, Fu Pengbo reduced his holdings in Shenghong Technology, Tencent Holdings, CATL, China Mobile, Sanofi, and Maiwei, while increasing his positions in Luxshare Precision, Cambricon, and Giant Star Technology [3][5]. - Zhao Feng's top ten holdings include Tencent Holdings, CATL, Xiaomi Group, Focus Media, Luxshare Precision, China Pacific Insurance, Weiming Environmental Protection, Hangzhou Bank, China Taiping, and Shenma Power [7][9]. Group 3 - The report indicates a shift in investment strategy, with a reduction in traditional energy companies and an increase in the healthcare sector, particularly in innovative drugs and traditional medicine benefiting from AI [7]. - The market outlook remains positive, driven by economic recovery and structural adjustments, with expectations for corporate profitability to gradually improve [10]. - High-dividend companies continue to attract investment due to their static dividend yields exceeding risk-free rates, indicating a strong demand for equity assets [10].

Core Viewpoint - The electronic sector experienced a significant net outflow of over 8.5 billion yuan, while other sectors like non-ferrous metals and diversified finance saw net inflows [1][3]. Group 1: Sector Performance - The non-ferrous metals sector had a net inflow of 3.7 billion yuan, with a net inflow rate of 4.23% [2]. - The small metals sector recorded a net inflow of 0.83 billion yuan, with a net inflow rate of 6.76% [2]. - The diversified finance sector saw a net inflow of 0.807 billion yuan, with a net inflow rate of 4.23% [2]. - The electronic sector had the highest net outflow at -8.548 billion yuan, with a net outflow rate of -5.16% [3]. - The computer sector experienced a net outflow of -4.874 billion yuan, with a net outflow rate of -2.98% [3]. Group 2: Individual Stock Performance - Northern Rare Earth topped the list with a net inflow of 1.84 billion yuan, reflecting a net inflow rate of 13.91% [4]. - Sinopec Capital followed with a net inflow of 1.036 billion yuan, with a net inflow rate of 14.58% [4]. - Wanhu Chemical had a net inflow of 0.708 billion yuan, with a net inflow rate of 11.46% [4]. - Changshan Beiming faced the largest net outflow at -1.344 billion yuan, with a net outflow rate of -18.75% [5]. - Shenghong Technology had a net outflow of -0.865 billion yuan, with a net outflow rate of -11.39% [5].

Core Viewpoint - Shenghong Technology has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final registration approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The company plans to raise a total of up to 190 million yuan through this issuance, with net proceeds intended for investment in projects in Vietnam and Thailand, as well as for working capital and loan repayment [1][2] - The specific projects include the Vietnam Shenghong AI HDI project with a total investment of approximately 181.55 million yuan, for which 85 million yuan will be raised, and the Thailand high-layer printed circuit board project with a total investment of about 140.21 million yuan, for which 50 million yuan will be raised [2] - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other eligible entities as per CSRC regulations [2][3] Group 2: Issuance Process and Conditions - The final issuance amount will be determined by the board of directors based on subscription results after approval from the Shenzhen Stock Exchange and CSRC registration [3] - The issuance price will not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3] - Shares acquired by the issuance participants will be subject to a six-month lock-up period post-issuance [3][4]