Core Viewpoint - The company has experienced a recovery in performance this year after facing industry fluctuations in the previous two years, with significant growth in revenue and net profit [2] Financial Performance - In the first three quarters of this year, the company's operating revenue increased by 18.81% year-on-year [2] - The net profit for the same period saw a year-on-year growth of 24.43% [2] Management Strategy - The management team is committed to continuously improving the industrial layout based on market conditions and the company's actual development needs [2]

Core Viewpoint - The company, Hongda Electronics, primarily operates in high-reliability sectors and is currently supplying a small quantity of tantalum capacitors to domestic servers, indicating a niche market focus [1] Product Application - The company's products are mainly used in high-reliability fields, highlighting their specialized application [1] Pricing Factors - The pricing of the company's products is influenced by multiple factors, including technical specifications, product structure, unit costs, and a differentiated pricing strategy tailored to various customers [1]

Core Viewpoint - The company is currently supplying tantalum capacitors to domestic servers, indicating a potential entry into the AI server supply chain, although the volume is limited [1] Group 1 - The company's tantalum capacitors are primarily used in high-reliability applications [1] - There has been a question regarding whether the company has increased the prices of its tantalum capacitors, to which the company responded that pricing is influenced by various factors [1] - Factors affecting product pricing include technical specifications, product structure, unit costs, and differentiated pricing strategies for different customers [1]

金杜律师事务所 KING&WODD ALIFSONS 广东省深圳市南山区科苑南路2666号 邮编: 518052 中国华润大厦28层 28th Floor、China Resources Tower 2666 Keyuan South Road Nanshan District Shenzhen, Guangdong 518052 P.R. China T +86 755 2216 3333 F +86 755 2216 3380 北京市金杜（深圳）律师事务所（以下简称本所）接受株洲宏达电子股份有 限公司（以下简称公司）的委托,根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督 管理委员会（以下简称中国证监会）《上市公司股东会规则》（以下简称《股东 会规则》)等中华人民共和国境内(以下简称中国境内,为本法律意见书之目的, 不包括中国香港特别行政区、中国澳门特别行政区和中国台湾省）现行有效的法 律、行政法规、规章、规范性文件和现行有效的《公司章程》有关规定，指派律 师出席了公司于 2025 年 10 月 30 日召开的 2025 年第二次临时股东会 ...

证券代码：300726 证券简称：宏达电子 公告编号：2025-043 株洲宏达电子股份有限公司 2025 年第二次临时股东会决议公告 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。 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。 特别提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 株洲宏达电子股份有限公司（以下简称"公司"）2025年第二次临时股东会现场 会议于2025年10月30日下午14:45，在株洲市天元区渌江路2号公司6号楼105会议室 召开，网络投票从2025年10月30日上午9:15起至2025年10月30日下午15:00止。本次 股东大会由公司董事会召集，董事长钟若农女士主持。公司董事会已于2025年10月 15日在指定信息披露网站巨潮资讯网（www.cninfo.com.cn）披露了《关于召开2025 年第二次临时股东会的通知》（公告编号：2025-039），向全体股东发送了召开本 次会议的通知。会议的召开符合有关法律、行 ...

Group 1 - The MLCC sector leads the market with an increase of 3.87% [1] - Sanan Optoelectronics saw a significant rise of 9.68% [1] - Xinv Communication and Hongda Electronics also experienced gains of 3.68% and 3.24% respectively [1]

Core Insights - The company reported a total revenue of 1.404 billion yuan for Q3 2025, with a net profit attributable to shareholders of 327 million yuan [1] - Operating cash flow decreased by 121 million yuan compared to the same period last year, representing a year-on-year decline of 29.28% [1] Financial Metrics - The latest debt-to-asset ratio is 11.56%, which is an increase of 0.38 percentage points from the previous quarter and an increase of 0.63 percentage points from the same period last year [3] - The latest gross profit margin is 58.24%, down by 3.21 percentage points compared to the same period last year [3] - The latest return on equity (ROE) is 6.51% [3] - The diluted earnings per share (EPS) is 0.79 yuan [3] - The total asset turnover ratio is 0.23 times, and the inventory turnover ratio is 0.64 times [3] Shareholder Information - The number of shareholders is 24,900, with the top ten shareholders holding a total of 303 million shares, accounting for 73.60% of the total share capital [3] - The top shareholders include: - Xue Tan: 34.1% - Zhong Ruonong: 29.7% - Zeng Jijiang: 5.05% - Hong Kong Central Clearing Limited: 1.46% - National Military-Civilian Integration Industry Investment Fund: 0.83% - Tianjin Hongxiang Asset Management Partnership: 0.67% - Zhuzhou Hongming Equity Investment Management Partnership: 0.52% - China Construction Bank - Changxin National Defense Military Industry Quantitative Flexible Allocation Mixed Securities Investment Fund: 0.41% - China Construction Bank - Guotai Zhongzheng Military Industry Trading Open Index Securities Investment Fund: 0.39% - China Merchants Bank - Southern Zhongzheng 1000 Trading Open Index Securities Investment Fund: 0.37% [3]

证券代码：300726 证券简称：宏达电子 公告编号：2025-042 株洲宏达电子股份有限公司 关于使用部分自有资金进行现金管理的公告 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。 为提高资金的使用效率，增加资金运营收益，株洲宏达电子股份有限公司（以 下简称"公司"）第四届董事会第十次会议审议通过了《关于使用部分自有资金进 行现金管理的议案》，同意公司在确保不影响公司正常生产经营及确保资金安全 的情况下，使用部分自有资金购买安全性高、流动性好的低风险理财产品。使用 额度不超过 150,000 万元。在上述额度范围内，资金可以滚动使用，期限不超过 12 个月。 一、本次使用部分自有资金进行现金管理的情况 1、投资目的 为提高公司资金的使用效率，在确保不影响公司正常经营及确保资金安全的 情况下，合理利用部分自有资金进行现金管理，可以增加资金收益，为公司及股 东获取更多的回报。 2、额度及期限 公司拟使用不超过人民币 150,000 万元的自有资金进行现金管理，在公司决 议有效期及额度范围内，资金可以滚动使用。 5、实施方式 投资产品必须以公司名义进行购买，上述 ...

株洲宏达电子股份有限公司（以下简称"公司"）第四届董事会第十次会议于 2025 年 10 月 22 日以邮件方式发出会议通知，并于 2025 年 10 月 27 日在株洲市 天元区渌江路 2 号公司 6 号楼 312 会议室以现场会议结合通讯的方式召开。出席 会议董事应到 7 人，实到 7 人。公司董事长钟若农女士主持了本次会议，公司高 级管理人员列席了本次会议。会议的召集、召开和表决方式符合《公司法》、《公 司章程》等法律法规的有关规定，会议合法有效。 二、董事会会议审议情况 1、审议通过《关于公司<2025 年第三季度报告>的议案》 该议案已经董事会审计委员会审议通过。 证券代码：300726 证券简称：宏达电子 公告编号：2025-040 株洲宏达电子股份有限公司 第四届董事会第十次会议决议公告 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 具体内容详见公司同日于巨潮资讯网（http://www.cninfo.com.cn）披露的相 关公告。 2025 年 10 月 28 日 经审议：同意 7 票，反对 0 票，弃权 0 票。 ...

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥547,694,423.32, representing a 26.86% increase year-over-year[4] - Net profit attributable to shareholders for the same period was ¥124,662,404.74, up 55.04% compared to the previous year[4] - The basic earnings per share (EPS) increased by 55.07% to ¥0.3027[4] - Total operating revenue for the current period reached ¥1,404,274,174.61, an increase from ¥1,181,992,836.80 in the previous period, reflecting a growth of approximately 18.8%[21] - Operating profit for the current period was ¥467,542,097.35, compared to ¥409,858,938.73 in the previous period, showing an increase of approximately 14.1%[21] - The total profit for the current period is CNY 463,233,213.17, an increase from CNY 407,820,663.96 in the previous period, representing a growth of approximately 13.5%[22] - The net profit attributable to the parent company's shareholders is CNY 327,232,965.90, up from CNY 261,635,348.91, reflecting a year-over-year increase of about 25.1%[22] - The basic and diluted earnings per share for the current period are both CNY 0.7946, compared to CNY 0.6353 in the previous period, indicating an increase of approximately 25.1%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,100,418,452.94, reflecting a 3.38% increase from the end of the previous year[4] - Current assets totaled ¥4,852,159,898.96, an increase from ¥4,629,442,422.80, reflecting a growth of approximately 4.8%[20] - Non-current assets decreased slightly to ¥1,248,258,553.98 from ¥1,271,678,694.62, indicating a decline of about 1.8%[20] - Total liabilities increased to ¥705,466,800.98 from ¥666,625,675.10, marking a rise of approximately 5.8%[20] - The total equity attributable to shareholders rose to ¥5,025,820,140.30 from ¥4,924,925,113.68, reflecting an increase of about 2.0%[20] Cash Flow and Investments - The company's cash flow from operating activities showed a decline of 29.28%, totaling ¥292,248,222.55 year-to-date[4] - The net cash flow from operating activities is CNY 292,248,222.55, down from CNY 413,234,077.89, a decrease of about 29.2%[23] - The cash inflow from investment activities totals CNY 2,166,315,928.59, compared to CNY 1,635,944,126.41 in the previous period, marking an increase of approximately 32.4%[23] - The net cash flow from investment activities is -CNY 361,702,631.99, an improvement from -CNY 606,456,034.79, indicating a reduction in cash outflow by about 40.4%[23] - Cash received from investment activities amounted to CNY 214,900 million, a 32.41% increase, mainly due to the maturity of bank financial products purchased[13] - Cash paid for investments decreased by 34.54% to CNY 200 million, indicating a reduction in external investments during the reporting period[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,933, with no preferred shareholders having restored voting rights[15] - The top shareholder, Zeng Chen, holds 34.19% of the shares, amounting to 140,800,000 shares, while the second-largest shareholder, Zhong Ruonong, holds 29.72%[15] - The company has not reported any changes in the number of preferred shareholders or any significant changes in restricted shares during the reporting period[17] Financial Management and Expenses - The company reported a significant increase in investment income, which rose by 74.16% to ¥4,561.68 million year-to-date[11] - The company's financial expenses decreased by 96.15%, indicating improved financial management[11] - The company experienced a 58.14% increase in tax and additional fees, totaling ¥1,929.05 million year-to-date[11] - Cash dividends and interest payments increased by 91.65% to CNY 25,932.79 million, reflecting higher cash dividends paid during the reporting period[13] Audit and Financing Activities - The company did not engage in any new financing activities during the reporting period, as indicated by the cash received from investment activities being zero[13] - The company received CNY 10,434,015.48 from financing activities, compared to CNY 14,270,000.00 in the previous period, a decrease of approximately 26.0%[24] - The company has not undergone an audit for the third quarter financial report[25]