证券代码：300476 证券简称：胜宏科技 公告编号：2025-070 胜宏科技（惠州）股份有限公司 关于三级全资子公司之间提供担保的公告 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。 一、担保情况概述 为满足子公司业务发展需要，胜宏科技（惠州）股份有限公司（以下简称"公 司"）三级全资子公司湖南维胜科技有限公司（以下简称"维胜科技"）向中信 银行股份有限公司长沙分行（以下简称"中信银行长沙分行"）申请人民币 9000 万元授信额度；三级全资子公司湖南维胜科技电路板有限公司（以下简称"维胜 电路板"）向中信银行长沙分行申请人民币 6000 万元的授信额度。维胜科技和 维胜电路板互相为对方就上述申请银行授信事项提供连带责任保证担保。 上述担保事项已经维胜科技、维胜电路板董事会及股东会审议通过。 二、被担保人基本情况 （一）湖南维胜科技有限公司 1、成立时间：2003 年 9 月 12 日 2、住址：长沙经济技术开发区东二路 10 号 3、法定代表人：RONNIE CHIN 4、注册资本：5,000,000 美元 5、经营范围：生产挠性电路板及挠性板的装配以及与此相 ...

- The quant report highlights that the factors "single-quarter revenue growth," "SUR," and "analyst net upgrade" performed well in the past month, while "EPTTM," "volatility," and "stripped limit-up momentum" performed poorly[3][28] - For the year to date, the factors "total market capitalization," "SUE," and "SUR" have shown strong performance, whereas "expected dividend yield," "volatility," and "EPTTM" have underperformed[3][28] - The "brokerage gold stock performance enhancement portfolio" achieved an absolute return of 5.34% for the month (20250603-20250630) and an excess return of 1.00% relative to the mixed equity fund index[5][43] - Year-to-date (20250102-20250630), the "brokerage gold stock performance enhancement portfolio" achieved an absolute return of 10.59% and an excess return of 2.73% relative to the mixed equity fund index[5][43] - The "brokerage gold stock performance enhancement portfolio" ranked in the 28.16th percentile among active equity funds for the year to date (977/3469)[5][43] - The portfolio's annualized return from 2018 to 2025 was 19.34%, with an annualized excess return of 14.38% relative to the mixed equity fund index[45] - The portfolio consistently ranked in the top 30% of active equity funds each year from 2018 to 2025[45]

Core Insights - Nearly 90% of brokerage gold stock portfolios achieved positive returns in the first half of the year, with Northeast Securities leading at a 45.45% return [2][6] - The July gold stock list shows a strong representation from the electronics, pharmaceutical, and machinery sectors, with significant contributions from power equipment and non-bank financials [3][9] - Brokerages are optimistic about the market's potential to break through previous highs, particularly focusing on sectors like technology and brokerage firms for investment [4][12] Performance Summary - In June, the top-performing gold stock was Giant Network (002558.SZ) with a 63.09% monthly increase, driven by strong data from its new game [5] - Other notable performers included Shenghong Technology (300476.SZ) with a 55.39% increase and Inner Mongolia First Machinery (600967.SH) with a 54.80% increase [6] - The Shanghai Composite Index rose 2.76% in the first half of the year, while the North Star 50 Index surged nearly 40% [6] Brokerage Rankings - Northeast Securities topped the gold stock portfolio rankings with a 45.45% return, followed by Dongxing Securities at 37% and Huaxi Securities at 29.25% [6] - Five brokerages reported negative returns for their gold stock portfolios, including Changcheng Securities and Zhongyin Securities [7] Sector Focus - The latest gold stock recommendations highlight a concentration in electronics, pharmaceuticals, and machinery, with multiple brokerages recommending stocks like Pop Mart (09992.HK) and Zhongxin Securities (600030.SH) [9][10] - Other stocks receiving multiple recommendations include Muyuan Foods (002714.SZ), noted for its low costs and profitability in the slaughtering business [11] Market Outlook - Analysts suggest that the market may continue to show resilience in July, with potential breakthroughs depending on structural policy and market conditions [14][15] - The consensus among brokerages is that the Shanghai Composite Index has a significant chance of surpassing last year's highs, with a focus on technology and brokerage sectors for investment opportunities [12][15]

Investment Rating - The report provides a "Buy" recommendation for the technology sector, specifically highlighting key stocks in electronics, computing, communications, and media [4][7]. Core Insights - The report identifies key stocks in the technology sector for July 2025, including East Mountain Precision, Shenghong Technology, iFlytek, Dameng Data, Huafeng Technology, Wolong Nuclear Materials, Giant Network, and Shanghai Film [4][7]. - The report emphasizes the growth potential in various segments, driven by technological advancements and market demand, particularly in AI and renewable energy [9][10][11][12][14][15]. Summary by Category Electronics - **East Mountain Precision**: Focuses on FPC and renewable energy, with expected growth driven by Apple's new iPhone models and a strategic acquisition in optical communication [9]. - **Shenghong Technology**: Positioned to benefit from AI computing and data center upgrades, with significant advancements in PCB manufacturing technology [10]. Computing - **iFlytek**: A leading player in AI with strong growth in education, healthcare, and enterprise solutions, leveraging a comprehensive business model [11]. - **Dameng Data**: Positioned as a leader in the domestic database market, benefiting from the acceleration of the domestic software industry [12]. Communications - **Huafeng Technology**: Anticipates growth from AI applications and high-performance connectors, with projected net profits increasing from 278 million to 486 million yuan from 2025 to 2027 [12]. - **Wolong Nuclear Materials**: Maintains a strong position in traditional materials while expanding into new energy products [12]. Media - **Giant Network**: Expected to see growth from new game releases and AI integration in gaming, with positive performance indicators [14]. - **Shanghai Film**: Anticipates growth driven by successful IP management and film releases, with a focus on monetizing popular content [15].

（原标题：解密主力资金出逃股 连续5日净流出630股） | | | 主力资金 | 主力资金 | 主力资金 | 累计涨跌幅 | | --- | --- | --- | --- | --- | --- | | 证券代码 证券简称 | | 净流出天数 | 净流出金额 | 净流出比例 | （%） | | | | | （亿元） | （%） | | | 300251 光线传媒 | | 5 | 19.12 | 11.87 | -13.48 | | 002384 东山精密 | | 7 | 15.08 | 5.46 | 15.67 | | 300476 胜宏科技 | | 5 | 10.86 | 5.14 | 1.16 | | 603667 五洲新春 | | 17 | 9.35 | 10.24 | -21.64 | | 300738 奥飞数据 | | 12 | 8.64 | 9.31 | -12.56 | | 600006 东风股份 | | 16 | 8.45 | 11.32 | -21.86 | | 600759 洲际油气 | | 6 | 8.38 | 7.90 | 9.88 | | 002611 东方精工 | | 16 | ...

电子行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300429 | 强力新材 | 20.02 | 30.11 | 46142.46 | | 301678 | C新恒汇 | 229.06 | 78.32 | 45081.55 | | 002475 | 立讯精密 | 1.50 | 1.65 | 17016.31 | | 300120 | 经纬辉开 | 10.84 | 17.04 | 11572.80 | | 300655 | 晶瑞电材 | 11.25 | 16.40 | 9837.84 | | 002371 | 北方华创 | 0.76 | 0.63 | 8603.61 | | 301626 | 苏州天脉 | 6.84 | 20.79 | 6865.23 | | 300269 | 联建光电 | 13.21 | 39.83 | 6734.23 | | 300398 | 飞凯材料 | 3.30 | 7.00 | 6424.31 | | 301308 | 江波龙 | 0.69 | 9.68 ...

Group 1: Market Overview - The main capital inflow sectors include banking, food and beverage, and transportation, while the computer, machinery, and cultural media sectors experienced significant outflows [1][2][3] - The banking sector saw a net inflow of 15.03 billion, representing a 5.87% increase, while the food and beverage sector had a net inflow of 11.00 billion, with a 4.39% increase [2] - The computer sector faced the largest net outflow of 48.89 billion, with a decrease of 5.29% [3] Group 2: Individual Stock Performance - N Xin Heng Hui led individual stock inflows with a net inflow of 4.52 billion, reflecting a 31.02% increase [4] - Shenghong Technology experienced the highest net outflow at 4.44 billion, with a decrease of 10.39% [5] - Other notable inflows included Qiangli New Materials and Chuanrun Shares, with net inflows of 4.44 billion and 3.55 billion, respectively [4]

答：厂房四项目按计划有序推进中，预计6月中旬开 始正式投产，新建厂房投产初期的产线磨合和产能产量逐 步释放是行业的必经过程，公司对后续的生产经营及效益 实现充满信心。 3、公司订单情况？ 答：目前公司在手订单饱满，业务进展顺利，订单生 产和交付均在正常履行中。 4、公司为什么能做到这么好的良率水平？ 公司依托数字工厂与智慧化品控体系，贯通"研发-生 产-追溯"全链路，技术水平处于行业领先地位。凭借领先 的研发技术优势、制造技术优势和品质技术优势，深度参 与国际头部大客户新产品预研，从产品规划到技术能力提 升，再到扩产计划，全程跟踪服务客户，已形成较强的技 术壁垒与客户粘性，市场竞争力强劲，构建了深厚的护城 河。 2、厂房四的建设投产情况？ 证券代码：300476 证券简称：胜宏科技 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 ☐业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | 现场参观 | | | ☐其他 摩根士丹利、盘京投资、国盛证券、粤民投、铭海基金、 | | 参与单位名称及人员姓名 | 榕湖投资、歌汝投资、巨子投资、富安达投 ...

Core Viewpoint - The PCB/CCL industry is experiencing a positive demand trend driven by AI computing power, with high utilization rates and expectations for continued growth in the second quarter of 2025. The overall demand is expected to remain strong due to advancements in AI applications and the increasing need for high-end products in the market [2][3][4]. Group 1: Industry Trends - The industry is in an expansion phase, with downstream AI innovations driving demand upward. The overall demand for consumer electronics, automotive, and server upgrades is expected to improve [3][16]. - PCB manufacturers are operating at a capacity utilization rate of 90-95% in Q1 2025, with expectations for continued upward trends in Q2. The industry is entering a new capacity expansion phase, focusing on high-end HDI and multilayer boards [3][24][23]. - The global PCB market is projected to grow by 6.8% in 2025, with significant contributions from AI-related applications [33][35]. Group 2: Demand Drivers - AI computing power is driving rapid growth in high-end HDI and multilayer demand, with a tight supply-demand relationship expected to persist [4][43]. - The demand for CCL materials is increasing, particularly for high-frequency and high-speed applications, with leading domestic manufacturers poised to benefit significantly [5][29]. - The automotive sector is also seeing a trend towards smart technology, which is expected to drive demand for upgraded PCB specifications [6][20]. Group 3: Investment Opportunities - Investment opportunities are identified in the PCB supply chain, particularly in high-end boards, CCL, and domestic replacements. The ongoing AI-driven technological innovation cycle is expected to create broader market demand [8][9]. - Companies involved in high-end PCB production, such as those focusing on AI server applications, are recommended for investment due to the anticipated growth in this segment [8][9]. - The domestic PCB industry is expanding its high-end capacity and increasing its overseas presence, indicating a positive outlook for future performance [24][25].

Group 1: Company Performance - The company achieved a revenue of 10.73 billion yuan in 2024, representing a year-on-year growth of 35.3%, with a CAGR of 22.5% from 2019 to 2024 [1] - The net profit attributable to shareholders reached 1.15 billion yuan in 2024, showing a year-on-year increase of 72.0%, with a CAGR of 20.0% from 2019 to 2024 [1] - In Q1 2025, the company reported a revenue of 4.31 billion yuan, up 80.3% year-on-year, and a net profit of 0.92 billion yuan, reflecting a significant growth of 339.2% [1] Group 2: Industry Growth - The global PCB market is projected to grow from 73.565 billion USD in 2024 to 94.661 billion USD by 2029, with a CAGR of 5.2% [2] - The market for PCBs with 18 layers and above is expected to reach 5.02 billion USD by 2029, growing at a CAGR of 15.7% from 2024 to 2029 [2] - The global HDI market is anticipated to grow from 10.54 billion USD in 2023 to 14.83 billion USD by 2028, with a CAGR of 7.1% [2] Group 3: Demand Drivers - The PCB market for servers and data storage is expected to reach 10.9 billion USD in 2024 and 18.9 billion USD by 2029, with a CAGR of 11.6% [3] - The PCB market for AI/HPC server systems is projected to grow from nearly 0.8 billion USD in 2023 to 3.17 billion USD by 2028, with a CAGR of 32.5% [3] - High-end HDI products are expected to be the fastest-growing segment in the PCB market related to AI servers over the next five years [3] Group 4: Strategic Positioning - The company has entered the supply chains of major North American cloud giants such as NVIDIA, AMD, Intel, Tesla, Microsoft, Bosch, Amazon, and Google [4] - The company is prepared for high-end AI data center products and has achieved mass production of advanced HDI and multi-layer products [4] - The company is expected to capture a significant market share in the AI PCB wave due to its leading technology, production yield, and rapid delivery capabilities [4] Group 5: Profit Forecast - The company is projected to achieve net profits of 5.535 billion yuan, 7.012 billion yuan, and 8.591 billion yuan from 2025 to 2027, with corresponding P/E ratios of 16.52, 13.04, and 10.65 [4]