本次拟归属的激励对象符合《公司法》《证券法》《公司章程》等规定的任职 资格，符合《管理办法》和《上市规则》等法律、法规和规范性文件规定的激励 对象条件，符合本激励计划规定的激励对象范围，其作为公司本激励计划激励对 象的主体资格合法、有效。本激励计划中激励对象首次授予部分的第三个归属期 归属条件已成就。 综上，董事会薪酬与考核委员会同意本激励计划首次授予部分第三个归属期 的归属名单，同意公司为本次符合归属条件的 623 名激励对象办理 703.632 万股 限制性股票的归属事宜。上述事项符合相关法律法规及规范性文件所规定的条件， 不存在损害公司及股东利益的情形。 胜宏科技（惠州）股份有限公司 董事会薪酬与考核委员会 2025 年 9 月 11 日 胜宏科技（惠州）股份有限公司 董事会薪酬与考核委员会关于 2022 年限制性股票激励计划 首次授予部分第三个归属期归属名单的核查意见 胜宏科技（惠州）股份有限公司（以下简称"公司"）董事会薪酬与考核委员 会根据《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》"）、《上市公司股权激励管理办法》（以下简称"《管 理办法》 ...

证券代码：300476 证券简称：胜宏科技 公告编号：2025-101 胜宏科技（惠州）股份有限公司 第五届董事会第九次会议决议公告 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、 董事会会议召开情况 胜宏科技（惠州）股份有限公司（以下简称"公司"）第五届董事会第九次会 议于 2025 年 9 月 12 日以通讯表决的方式召开，会议通知已于 2025 年 9 月 9 日 以微信、电话、邮件、专人送达的方式发出。会议应参会董事 8 名，实际参会董 事 8 名。本次会议的召开符合《中华人民共和国公司法》《深圳证券交易所创业 板股票上市规则》《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》等法律、行政法规、部门规章、规范性文件及《胜宏科技（惠 州）股份有限公司章程》（以下简称"《公司章程》"）的有关规定。 本次会议以记名投票方式进行表决，审议通过了如下议案： 审议通过议案一《关于调整 2022 年限制性股票激励计划限制性股票授予价 格的议案》 鉴于公司已实施 2023 及 2024 年度利润分配，根据《上市公司股权激励管理 办法》（ ...

Quantitative Models and Construction Methods 1. Model Name: 250-Day New High Distance Model - **Model Construction Idea**: This model tracks the distance of stock prices or indices from their 250-day high to identify market trends and hotspots. It is based on the premise that stocks nearing their 52-week high tend to outperform, as highlighted in prior research by George (2004) and others[11][18]. - **Model Construction Process**: The 250-day new high distance is calculated as: $ 250\ Day\ New\ High\ Distance = 1 - \frac{Close_t}{ts\_max(Close, 250)} $ Where: - $ Close_t $ is the latest closing price - $ ts\_max(Close, 250) $ is the maximum closing price over the past 250 trading days If the latest closing price reaches a new high, the distance is 0; otherwise, the distance is positive, indicating the percentage drop from the high[11]. - **Model Evaluation**: This model effectively captures momentum and trend-following strategies, aligning with established theories in quantitative finance[11][18]. 2. Model Name: Stable New High Stock Screening Model - **Model Construction Idea**: This model identifies stocks with stable momentum characteristics, emphasizing smooth price paths and consistent new highs. It builds on research showing that smoother momentum stocks outperform those with jumpy price paths[25]. - **Model Construction Process**: Stocks are screened based on the following criteria: - **Analyst Attention**: At least 5 "Buy" or "Overweight" ratings in the past 3 months - **Relative Strength**: 250-day return in the top 20% of the market - **Price Stability**: - **Price Path Smoothness**: Measured by the ratio of price displacement to the total price path length over the past 120 days - **New High Continuity**: Average 250-day new high distance over the past 120 days - **Trend Continuity**: Average 250-day new high distance over the past 5 days The top 50 stocks based on these metrics are selected[25][27]. - **Model Evaluation**: This model emphasizes the temporal characteristics of momentum, providing a refined approach to identifying high-momentum stocks with stable trajectories[25][27]. --- Backtesting Results of Models 1. 250-Day New High Distance Model - **Indices' 250-Day New High Distance**: - Shanghai Composite: 0.33% - Shenzhen Component: 0.43% - CSI 300: 0.57% - CSI 500: 0.00% - CSI 1000: 1.04% - CSI 2000: 1.56% - ChiNext Index: 1.09% - STAR 50 Index: 1.95%[12][13]. 2. Stable New High Stock Screening Model - **Selected Stocks**: 50 stocks were identified, including New Yisheng, Shenghong Technology, and Industrial Fulian. - **Sector Distribution**: - Cyclical and technology sectors had the highest representation, with 17 stocks each. - Within the cyclical sector, the chemical industry dominated, while the electronics industry led the technology sector[28][32]. --- Quantitative Factors and Construction Methods 1. Factor Name: 250-Day New High Distance - **Factor Construction Idea**: Measures the relative position of a stock's price to its 250-day high, capturing momentum and trend-following signals[11]. - **Factor Construction Process**: $ 250\ Day\ New\ High\ Distance = 1 - \frac{Close_t}{ts\_max(Close, 250)} $ Where: - $ Close_t $ is the latest closing price - $ ts\_max(Close, 250) $ is the maximum closing price over the past 250 trading days[11]. - **Factor Evaluation**: This factor is simple yet effective in identifying stocks with strong momentum characteristics[11]. 2. Factor Name: Price Path Smoothness - **Factor Construction Idea**: Quantifies the smoothness of a stock's price trajectory, emphasizing stable momentum over jumpy movements[25]. - **Factor Construction Process**: $ Price\ Path\ Smoothness = \frac{Price\ Displacement}{Total\ Price\ Path\ Length} $ Where: - $ Price\ Displacement $ is the absolute change in price over the period - $ Total\ Price\ Path\ Length $ is the sum of absolute daily price changes over the same period[25]. - **Factor Evaluation**: This factor highlights stocks with consistent upward trends, reducing noise from volatile price movements[25]. 3. Factor Name: New High Continuity - **Factor Construction Idea**: Measures the consistency of a stock's proximity to its 250-day high over time[27]. - **Factor Construction Process**: $ New\ High\ Continuity = Average\ (250\ Day\ New\ High\ Distance\ Over\ Past\ 120\ Days) $ This factor is calculated as the mean of the 250-day new high distance over a rolling 120-day window[27]. - **Factor Evaluation**: This factor captures the persistence of momentum, favoring stocks that consistently remain near their highs[27]. --- Backtesting Results of Factors 1. 250-Day New High Distance - **Indices' 250-Day New High Distance**: - Shanghai Composite: 0.33% - Shenzhen Component: 0.43% - CSI 300: 0.57% - CSI 500: 0.00% - CSI 1000: 1.04% - CSI 2000: 1.56% - ChiNext Index: 1.09% - STAR 50 Index: 1.95%[12][13]. 2. Price Path Smoothness - **Selected Stocks**: 50 stocks were identified, including New Yisheng, Shenghong Technology, and Industrial Fulian. - **Sector Distribution**: - Cyclical and technology sectors had the highest representation, with 17 stocks each. - Within the cyclical sector, the chemical industry dominated, while the electronics industry led the technology sector[28][32]. 3. New High Continuity - **Selected Stocks**: Same as the Price Path Smoothness factor, as it is part of the composite screening model[28][32].

Core Viewpoint - The company, Shenghong Technology, specializes in the research, production, and sales of high-density printed circuit boards, with applications across various advanced technology sectors [1] Group 1: Company Overview - Shenghong Technology is engaged in the R&D, manufacturing, and sales of high-density printed circuit boards [1] - The company's products are widely used in fields such as artificial intelligence, automotive electronics (new energy), next-generation communication technology, big data centers, industrial interconnect, medical instruments, computers, and aerospace [1] - Currently, the company does not involve itself in the liquid cooling business [1]

（原标题：胜宏科技成交额突破200亿元） 人民财讯9月12日电，胜宏科技成交额突破200亿元，现涨超2%。 ...

Core Viewpoint - The company stated that its products are applicable in the smartphone sector and currently has no direct collaboration with Huawei [1] Group 1 - The company's products are utilized in the smartphone industry [1] - There is no direct partnership between the company and Huawei [1]

Market Overview - The market experienced a mixed performance with the Shanghai Composite Index reaching a new high for the period, closing up by 0.17% [1] - The Shenzhen Component Index increased by 0.24%, while the ChiNext Index fell by 0.52% [1] Stock Performance - Over 3,000 stocks in the market declined, indicating a broad-based sell-off [2] - Notable sectors included: - The non-ferrous metals sector saw significant gains, with stocks like Northern Copper and Shengda Resources hitting the daily limit [3] - Chip sector stocks were active, with Chipone Technology also reaching the daily limit [3] - The real estate sector showed a rebound, with Rongsheng Development hitting the daily limit [3] - In contrast, the battery sector experienced mixed results, highlighted by a sharp decline in the stock of Xiandai Intelligent [4] Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 1.63 trillion yuan, an increase of 150.3 billion yuan compared to the previous trading day [5] Individual Stock Highlights - Luxshare Precision led in trading volume with over 16 billion yuan, followed by Cambrian Technology, Shenghong Technology, and Industrial Fulian [6]

Market Performance - The Shanghai Composite Index rose by 1.65% to close at 3875.31 points, with an intraday high of 3875.31 points [1] - The Shenzhen Component Index increased by 3.36% to close at 12979.89 points, reaching a maximum of 12979.89 points during the day [1] - The ChiNext Index saw a rise of 5.15%, closing at 3053.75 points, with an intraday peak of 3053.75 points [1] Margin Trading Data - The total margin trading balance in the Shanghai and Shenzhen markets was 23326.59 billion yuan, with a financing balance of 23159.16 billion yuan and a securities lending balance of 167.43 billion yuan [1] - The margin trading balance increased by 147.61 billion yuan compared to the previous trading day [1] - The Shanghai market's margin trading balance was 11879.66 billion yuan, up by 32.94 billion yuan from the previous day, while the Shenzhen market's balance was 11446.93 billion yuan, increasing by 114.67 billion yuan [1] Top Margin Buying Stocks - A total of 3447 stocks had margin buying, with the top three being: - Shenghong Technology (胜宏科技) with a margin buying amount of 65.21 billion yuan [2] - Zhongji Xuchuang (中际旭创) with 48.24 billion yuan [2] - Xinyi Sheng (新易盛) with 46.75 billion yuan [2] New Fund Issuances - Four new funds were launched yesterday, including: - E Fund National Index Value 100 ETF Link Initiated A [3] - Donghai Qiheng Mixed Initiated A [3] - Donghai Qiheng Mixed Initiated C [3] - E Fund National Index Value 100 ETF Link Initiated C [3] Top Net Buying on Dragon and Tiger List - The top 10 net buying amounts on the Dragon and Tiger list were: - Luxshare Precision (立讯精密) with a net buying amount of 68725.39 million yuan [4] - Walden Nuclear Materials (沃尔核材) with 63579.06 million yuan [4] - Shannon Chip Creation (香农芯创) with 40183.27 million yuan [4] - Shanghai Electric Power (上海电力) with 32135.71 million yuan [4] - Dongshan Precision (东山精密) with 29324.87 million yuan [4]

Market Overview - The Shanghai Composite Index rose by 1.65% to close at 3875.31 points, with an intraday high of 3875.31 points [1] - The Shenzhen Component Index increased by 3.36% to close at 12979.89 points, reaching a maximum of 12979.89 points during the day [1] - The ChiNext Index saw a rise of 5.15%, closing at 3053.75 points, with an intraday peak of 3053.75 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets was 23326.59 billion yuan, with a financing balance of 23159.16 billion yuan and a securities lending balance of 167.43 billion yuan, reflecting an increase of 147.61 billion yuan from the previous trading day [2] - The Shanghai market's margin trading balance was 11879.66 billion yuan, up by 32.94 billion yuan, while the Shenzhen market's balance was 11446.93 billion yuan, increasing by 114.67 billion yuan [2] - A total of 3447 stocks had financing funds buying in, with Shenghong Technology, Zhongji Xuchuang, and Xinyi Sheng ranking the top three in terms of buying amounts at 65.21 billion yuan, 48.24 billion yuan, and 46.75 billion yuan respectively [2] Fund Issuance - Four new funds were launched yesterday, including E Fund National Index Value 100 ETF Link Initiated A, Donghai Qiheng Mixed Initiated A, Donghai Qiheng Mixed Initiated C, and E Fund National Index Value 100 ETF Link Initiated C [3][4] Top Net Purchases on the Dragon and Tiger List - The top ten net purchases on the Dragon and Tiger list included Luxshare Precision with a net purchase of 68725.39 million yuan, followed by Wolong Nuclear Materials at 63579.06 million yuan, and Shannon Chip Creation at 40183.27 million yuan [5] - The closing prices and percentage changes for these stocks were 52.9 yuan (+10.0%), 26.06 yuan (+10.0%), and 64.51 yuan (+20.0%) respectively [5] - The electronic sector dominated the net purchases, with significant contributions from companies like Luxshare Precision and Wolong Nuclear Materials [5]

Group 1 - On September 11, among the 31 first-level industries tracked by Shenwan, 19 industries experienced net financing inflows, with the electronics industry leading at a net inflow of 5.259 billion yuan [1] - Other industries with significant net financing inflows included telecommunications, computers, electric equipment, and machinery, each exceeding 1 billion yuan in net inflows [1] Group 2 - A total of 1,835 individual stocks received net financing inflows on September 11, with 56 stocks having net inflows exceeding 100 million yuan [1] - Among these, 27 stocks had net inflows surpassing 200 million yuan, with Haiguang Information leading at a net inflow of 1.199 billion yuan [1] - Other notable stocks with significant net inflows included Zhongji Xuchuang, Hanwujing, Luxshare Precision, Xinyisheng, Guiding Compass, Sunshine Power, Tianfu Communication, and Shenghong Technology, each with net inflows exceeding 500 million yuan [1]