Core Points - Hongda Electronics (300726) announced the completion of business registration changes and the filing of the company's articles of association with the Zhuzhou Market Supervision Administration [1] - The company has obtained a new business license issued by the Zhuzhou Market Supervision Administration [1]

证券代码：300726 证券简称：宏达电子 公告编号：2025-044 株洲宏达电子股份有限公司 关于完成工商变更登记的公告 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。 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。 株洲宏达电子股份有限公司（以下简称"公司"）于2025年10月15日召开第四 届董事会第九次会议，审议通过了《关于变更公司经营范围暨修订<公司章程>的议 案》，该议案经公司2025年10月30日召开的2025年第二次临时股东会审议通过。具 体 内 容 详 见 同 日 公 司 刊 载 于 中 国 证 监 会 指 定 信 息 披 露 网 站 巨 潮 资 讯 网 （http://www.cninfo.com.cn）的相关公告。 公司已按照上述相关决议，于近日在株洲市市场监督管理局办理完成工商登记 变更、《公司章程》备案手续，并取得了株洲市市场监督管理局换发的营业执照。 本次变更后公司的工商登记基本信息如下： 名称：株洲宏达电子股份有限公司 统一社会信用代码：91430200616610317F 类型 ...

Core Insights - The military electronics sector experienced a 0.51% increase on November 6, with Huafeng Technology leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Huafeng Technology (688629) closed at 78.43, up 6.20%, with a trading volume of 181,900 shares and a transaction value of 1.403 billion [1] - Xinguang Optoelectronics (688011) closed at 41.20, up 5.10%, with a trading volume of 27,900 shares and a transaction value of 114 million [1] - Hongda Electronics (300726) closed at 44.78, up 5.04%, with a trading volume of 138,200 shares and a transaction value of 615 million [1] - Guoguang Electric (688776) closed at 98.38, up 3.71%, with a trading volume of 61,000 shares and a transaction value of 596 million [1] - Zhenhua Wind Power (688439) closed at 59.46, up 2.78%, with a trading volume of 50,700 shares and a transaction value of 302 million [1] Capital Flow - The military electronics sector saw a net inflow of 132 million from institutional investors, while retail investors experienced a net outflow of 156 million [2][3] - Huafeng Technology had a net inflow of 192.1 million from institutional investors, while retail investors had a net outflow of 113 million [3] - Hongda Electronics recorded a net inflow of 64.99 million from institutional investors, with a net outflow of 57.65 million from retail investors [3]

Core Viewpoint - Hongda Electronics (300726.SZ) indicated that approximately 35% of its total revenue will come from tantalum capacitor sales in the first three quarters of 2025, reflecting the company's production model based on customer demand [1] Group 1 - The revenue from tantalum capacitors is projected to account for around 35% of total revenue by the first three quarters of 2025 [1] - The company primarily adopts a production model based on sales, aligning with the purchasing needs of high-reliability customers [1]

Core Viewpoint - The satellite industry in China is experiencing rapid advancements, with significant upcoming missions and increased investment in satellite technology and launch capabilities [1][2]. Group 1: Market Performance - The satellite sector saw a midday surge on November 6, with the Satellite Industry ETF (159218) rising by 0.42%, and several companies like Parker New Materials hitting the daily limit and others like Aerospace Microelectronics increasing by over 7% [1]. - As of November 5, the Satellite Industry ETF (159218) has received a net inflow of over 52 million yuan in the past five days [1]. Group 2: Upcoming Missions - China plans to conduct four significant space missions in 2026, including the Tianzhou-10, Shenzhou-22, Shenzhou-23, and the Mengzhou-1, with both the Mengzhou-1 crewed spacecraft and the Long March 10A rocket set for their inaugural flights [1]. - In 2024, China is expected to complete 68 orbital launches, with 35 rocket launches planned for the first half of 2025 and an accelerated frequency of satellite networking in the second half [1]. Group 3: Industry Developments - According to Zhongtai Securities, private companies are making strides in the reusable rocket sector, with potential breakthroughs in launch capacity expected between Q4 2025 and 2026, including multiple new rocket types [2]. - The Satellite Industry ETF (159218) tracks the CSI Satellite Industry Index, covering upstream and downstream companies involved in satellite manufacturing, launching, and navigation communication applications, with a year-to-date growth of 393.56% in ETF shares as of November 5 [2].

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 ...