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"）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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 根据 2025 年 5 月 26 日询价申购情况，初步确定的本次询价转让价格为 65.85 元/股。 一、本次询价转让初步定价 证券代码：300476 证券简称：胜宏科技 公告编号：2025-067 胜宏科技（惠州）股份有限公司 股东询价转让定价情况提示性公告 （二）参与本次询价转让报价的机构投资者家数为 24 家，涵盖了合格境外 投资者、基金管理公司、私募基金管理人、证券公司等专业机构投资者。 （三）本次询价转让拟转让股份已获全额认购，初步确定受让方为 22 家机 构投资者，拟受让股份总数为 25,729,286 股。 二、风险提示 （一）本次询价转让受让方及受让股数仅为初步结果，尚存在拟转让股份被 司法冻结、扣划等风险。询价转让的最终结果以中国证券登记结算有限责任公司 深圳分公司最终办理结果为准。 （二）本次询 ...

Core Viewpoint - Shenghong Technology (300476) has announced a preliminary inquiry transfer price of 65.85 yuan per share based on the inquiry subscription situation as of May 26, 2025 [1] Group 1 - A total of 24 institutional investors participated in the inquiry transfer pricing, including qualified foreign investors, fund management companies, private equity fund managers, and securities companies [1] - The shares intended for transfer have been fully subscribed, with a total of 25,729,300 shares to be transferred [1] - The preliminary determined transferees consist of 22 institutional investors [1]

Core Viewpoint - The PCB industry is experiencing significant growth driven by the demand for AI servers and related technologies, with many companies reporting substantial revenue and profit increases in recent quarters [1][3][9]. Group 1: Industry Growth and Demand - The PCB market is expected to grow due to the increasing demand from AI servers, storage, and networking devices, with companies like Shenghong Technology and Shennan Circuit reporting revenue growth of 20%-50% last year [1][9]. - The global AI server market is projected to reach $31.79 billion by 2025, indicating strong future demand for PCBs [38]. - The PCB market is anticipated to grow at a CAGR of 9%, reaching $7.974 billion by 2028, driven by the demand for servers and related systems [39]. Group 2: Company Performance - Shenghong Technology has seen its stock price increase nearly sevenfold since last February, becoming the market leader in PCB with a significant profit increase of over 339% year-on-year in Q1 [2][11][21]. - In Q1, Shenghong Technology's revenue from AI server PCBs exceeded 2 billion yuan, with over 60% of its products supporting NVIDIA's GB200 [8][29]. - Other companies like Huidian Co., Shennan Circuit, and Sanyou Electronics also reported impressive revenue growth rates of 56.25%, 20.75%, and 21.9% respectively in Q1 [8]. Group 3: Market Dynamics and Valuation - The PCB industry is witnessing a clear valuation differentiation, with companies focused on AI server PCBs outperforming their peers [2][20]. - The average return of the PCB sector has recently turned positive, with companies like Shenghong Technology and Nanya New Materials showing significant excess returns, both exceeding 60% [21]. - The competitive landscape is shifting as AI hardware business becomes more lucrative, leading to higher valuations for companies involved in this segment [43]. Group 4: Future Outlook - The demand for high-layer PCBs is expected to increase as AI server architectures evolve, with Shenghong Technology already achieving breakthroughs in HDI technology [30][33]. - The overall PCB product structure is gradually upgrading towards high-end applications, which is expected to enhance profit margins and market competitiveness [19][42].

Group 1: Investment Interest in Chinese Companies - Global investors are increasingly focusing on Chinese markets and assets due to the complex global economic landscape, with companies like BYD and Shenghong Technology attracting attention through on-site visits and product experiences [1][2] - Investors expressed surprise at BYD's advanced automotive technology, competitive pricing, and high product quality, leading to a growing interest in purchasing Chinese-made electric vehicles [2][3] - The visit to BYD's facilities allowed investors to gain a deeper understanding of the company's core competencies, including its global expansion, safety features, and brand strength [3] Group 2: Shenghong Technology's Market Position - Shenghong Technology has successfully transformed from a traditional PCB manufacturer to a high-end product supplier, focusing on emerging fields such as AI computing and electric vehicles [3][4] - Investors showed strong interest in Shenghong's product technology updates and quality control, discussing investment opportunities in the PCB sector amid a clear competitive landscape [4] - The PCB industry is characterized by significant barriers to entry, with established Chinese companies gaining recognition and competitive advantages in the global market [4][5]

Company Announcements - Weir Shares plans to issue H-shares and list on the Hong Kong Stock Exchange to accelerate international strategy and enhance overseas financing capabilities [1] - Zhongjin Gold's controlling shareholder plans to inject four companies, including Inner Mongolia Jintao, into the company to resolve competition issues [2] - Hanchuan Intelligent has filed a lawsuit against CATL and its subsidiaries for approximately 60.88 million yuan due to payment defaults [2] - Yunnan Copper intends to acquire a 40% stake in Liangshan Mining, with stock resuming trading on May 26 [3] - China Shenhua plans to acquire a 7.43% stake in China Energy Group Financial Company for 2.929 billion yuan [3] - Dike Co. intends to acquire 60% of Zhejiang Suote for 696 million yuan to control the Solamet photovoltaic silver paste business [4] - Jin Hua Co.'s chairman is under investigation for information disclosure violations, but it will not affect the company's operations [4] Financing and Investments - Heng Rui Pharmaceutical's H-shares will be listed on May 23, 2025, with a total issuance of 225 million shares at a price of 44.05 HKD per share [23] - Ningde Times' investment fund has increased to 10.128 billion yuan, with the company's stake reduced to 6.91% [8] - Intercontinental Oil and Gas expects to invest approximately 848 million USD in the Iraq South Basra project [9] - Keli Yuan plans to invest an additional 500 million yuan in a storage industry fund, increasing its total investment to 700 million yuan [10] Project Bids and Contracts - China Communications has won important rail transit projects totaling approximately 3.789 billion yuan [22] - Anhui Construction has received multiple project bids totaling over 2 billion yuan [22] Operational Updates - Zijin Mining's Kamoa-Kakula copper mine has suspended some underground mining operations due to seismic activity, potentially impacting future production [21] - Shaanxi Natural Gas will reduce pipeline transportation prices by 0.0386 yuan per cubic meter, expected to decrease net profit by approximately 222 million yuan in 2025 [20]

Group 1 - The company Shenghong Technology (300476) announced that Shenzhen Shenghuaxin Investment Co., Ltd. plans to transfer 25.7293 million shares through a pricing inquiry, which accounts for 3.00% of the company's total share capital [1] - The transfer will not be conducted through centralized bidding or block trading, and the transferee must be an institutional investor with appropriate pricing capabilities and risk tolerance [1] - The transferor is the company's controlling shareholder, and the transferring entity is controlled by the actual controller of the company; the transferor is not a director or senior management personnel [1]

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]