证券日报网讯宏达电子（300726）8月25日在互动平台回答投资者提问时表示，株洲展芯半导体技术有 限公司已于2023年注销，公司暂无与算力有关的业务。 ...

证券日报网讯 宏达电子8月25日在互动平台回答投资者提问时表示，PCB板在各种领域的电子设备中都 有，阻容感等电子元器件通过安装在PCB板上来构成电路连接，公司不涉及PCB板的制造业务。 （编辑 王雪儿） ...

Group 1 - The company, Hongda Electronics (300726.SZ), indicated that some of its module and board card products require PCB boards, which are part of its upstream industry [1]

资金流向方面，今日主力资金净流出3329.01万元，占比成交额14.23%。其中，超大单净流出1197.44万 元、占成交额5.12%，大单净流出2131.57万元、占成交额9.11%，中单净流出流出799.15万元、占成交 额3.42%，小单净流入4128.16万元、占成交额17.65%。 宏达电子最新一期业绩显示，截至2025一季报，公司营业总收入3.28亿元、同比增长6.03%，归属净利 润5500.85万元，同比减少29.92%，扣非净利润4176.40万元，同比减少33.14%，流动比率10.821、速动 比率8.631、资产负债率10.17%。 天眼查商业履历信息显示，株洲宏达电子股份有限公司，成立于1993年，位于株洲市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本41183.9845万人民币，实缴资本35904.5万 人民币。公司法定代表人为钟若农。 金融界消息 截至2025年8月15日收盘，宏达电子（300726）报收于35.89元，上涨1.59%，换手率 3.05%，成交量6.53万手，成交金额2.34亿元。 通过天眼查大数据分析，株洲宏达电子股份有限公司共对外投 ...

证券日报网讯宏达电子8月15日在互动平台回答投资者提问时表示，公司子公司生产的单层瓷介电容器 和陶瓷薄膜电路可以应用于光通讯领域光接收发射模块，光电转换模块中。 （文章来源：证券日报） ...

Group 1 - The company has products that can be applied in the optical communication field, specifically in optical receiving and transmitting modules, as well as in optoelectronic conversion modules [2]

天眼查商业履历信息显示，株洲宏达电子股份有限公司，成立于1993年，位于株洲市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本41183.9845万人民币，实缴资本35904.5万 人民币。公司法定代表人为钟若农。 通过天眼查大数据分析，株洲宏达电子股份有限公司共对外投资了28家企业，参与招投标项目1013次， 知识产权方面有商标信息3条，专利信息114条，此外企业还拥有行政许可27个。 来源：金融界 金融界消息 截至2025年8月5日收盘，宏达电子（300726）报收于36.18元，下跌0.06%，换手率2.86%， 成交量6.12万手，成交金额2.22亿元。 资金流向方面，今日主力资金净流出1947.78万元，占比成交额8.79%。其中，超大单净流出892.26万 元、占成交额4.03%，大单净流出1055.51万元、占成交额4.76%，中单净流出流入472.91万元、占成交 额2.13%，小单净流入1474.87万元、占成交额6.65%。 宏达电子最新一期业绩显示，截至2025一季报，公司营业总收入3.28亿元、同比增长6.03%，归属净利 润5500.85万元，同比减少29.9 ...

Summary of Conference Call Company/Industry Involved - The discussion revolves around a company involved in the aerospace and defense industry, focusing on components and modules. Key Points and Arguments Gross Margin Analysis - The gross margin for original components is approximately 50.3%, while the gross margin for modules is around 51.49%. Both have experienced a decline, with original components dropping nearly one percentage point and modules decreasing by about four percentage points [1][2][3]. Product Lifecycle Impact - The analysis of gross margin also considers the product lifecycle, indicating that early-stage projects typically have lower gross margins. As projects mature and scale, gross margins are expected to improve significantly [2][3]. Order Growth and Market Dynamics - There has been a notable increase in orders, particularly in aerospace projects and electronic components, which are expected to grow at a faster rate. The company is focusing on domestic military demands as the primary driver for orders in the first quarter [4][5]. Export Orders - Feedback indicates that export orders are performing better than in previous years, although the impact is not significantly noticeable. The primary focus remains on domestic military needs [5]. New Research Projects - The company is preparing for new research projects aligned with the 14th Five-Year Plan, indicating a long feedback cycle for demand in the aerospace sector. The company differentiates itself by having a broader customer base for its products [6]. Order Structure Changes - The first quarter of the year saw a significant change in the order structure, with a focus on compensating for delayed projects from the previous two years. The company is actively pursuing large projects to ensure they do not miss opportunities [7]. Revenue and Cash Flow Expectations - The company anticipates a noticeable improvement in cash flow and revenue recognition in the second half of the year, particularly in the fourth quarter, as delayed payments from previous years are expected to be collected [9][10]. Annual Order Projections - The company maintains a positive outlook for the annual order volume, projecting it to exceed 10 billion, with a monthly average expected to reach 1.5 billion [8][10]. Credit Impairment Concerns - There is an acknowledgment of increased credit impairment in the first quarter compared to previous years, attributed to high account ratios and delayed payments. However, improvements are expected as the year progresses [8][9]. Other Important but Overlooked Content - The company emphasizes the importance of maintaining relationships with large projects and ensuring that they are actively pursued to capitalize on market opportunities [7]. - The discussion highlights the cyclical nature of the industry, with a focus on adapting to market demands and project timelines [2][4].

Core Viewpoint - The company has approved the acquisition of a minority stake in its subsidiary, aiming for mutual benefits without significant impact on its financial status or operating results [1] Group 1 - The company will acquire 4.98 million yuan worth of shares from a minority shareholder, representing 1.51% of the registered capital of Zhuzhou Hongda Magnetic Technology Co., Ltd [1] - The transaction is classified as a related party transaction but does not constitute a major asset restructuring, thus no shareholder meeting is required for approval [1] - The decision was made during the fourth board meeting and the fourth supervisory board meeting held on June 24, 2025 [1]

第四届董事会第七次会议决议公告 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 株洲宏达电子股份有限公司（以下简称"公司"）第四届董事会第七次会议于 2025 年 6 月 20 日以邮件方式发出会议通知，并于 2025 年 6 月 24 日在株洲市天 元区渌江路 2 号公司 6 号楼 312 会议室召开。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，公司监事、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《关于收购子公司部分股权暨关联交易的议案》 证券代码：300726 证券简称：宏达电子 公告编号：2025-022 株洲宏达电子股份有限公司 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。 经审议：同意 6 票，反对 0 票，弃权 0 票，关联董事胥迁均先生回避表 决。 三、备查文件 1、《株洲宏达电子股份有限公司第四届董事会第七次会议决议 ...