Group 1 - The company Shenglan Co., Ltd. has disclosed the results of its online subscription for convertible bonds, with a total of 70,148 winning numbers [1] - Each winning number is allowed to subscribe for 10 bonds, equivalent to 1,000 yuan for each subscription [1]

Core Points - The company, Shenglan Technology Co., Ltd., is issuing convertible bonds to unspecified investors, with the underwriting managed by Dongguan Securities Co., Ltd. [3][4] - The issuance will prioritize existing shareholders for subscription before offering the remaining bonds to the public through the Shenzhen Stock Exchange [4][5] - A total of 70,148 winning numbers have been announced for the online subscription of the bonds, with each winning number allowing the purchase of 10 bonds (1,000 yuan) [8] Summary by Sections - **Issuance Details** - The convertible bonds, referred to as "Shenglan Convertible Bond 02," are being issued in accordance with relevant Chinese securities regulations [3] - The issuance date is set for August 27, 2025, with a subscription period for existing shareholders followed by a public offering [4] - **Subscription Process** - Investors must ensure sufficient funds in their accounts by September 1, 2025, to fulfill their subscription obligations [4][5] - If the total subscriptions do not reach 70% of the issuance amount, the issuer and underwriter may consider suspending the issuance [5][6] - **Underwriting and Allocation** - The underwriter will assume responsibility for any shortfall in subscriptions, with a maximum underwriting amount capped at 30% of the total issuance [6] - The announcement includes specific winning numbers for the online subscription, which are subject to verification against the published list [8]

Core Points - The document lists winning lottery numbers for various last digits, indicating a structured approach to announcing results [1] Group 1 - The last digit "6" winning numbers include: 423275, 048275, 173275, 298275, 548275, 673275, 923 [1] - The last digit "7" winning number is: 9749714 [1] - The last digit "8" winning numbers include: 94455653, 14455653, 34455653, 54455653, 74455653, 17345272 [1] Group 2 - The last digit "9" winning numbers include: 630668965, 030668965, 230668965, 430668965, 83066896, 980396623, 480396623 [1] - The last digit "10" winning numbers include: 2497323180, 1436226063, 4505345063, 0858177116, 5429829197 [1]

证券代码：300843 证券简称：胜蓝股份 公告编号：2025-060 特别提示 胜蓝科技股份有限公司（以下简称"胜蓝股份""发行人"或"公司"）和东莞 证券股份有限公司（以下简称"东莞证券""保荐人（主承销商）"或"主承销商"） 根据《中华人民共和国证券法》《证券发行与承销管理办法》（证监会令〔第 228 号〕）、《上市公司证券发行注册管理办法》（证监会令〔第 227 号〕）、 《深圳证券交易所上市公司证券发行与承销业务实施细则（2025 年修订）》 （深证上〔2025〕268 号）、《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券（2025 年修订）》（深证上〔2025〕223 号）和《深圳 证券交易所创业板上市公司自律监管指南第 1 号——业务办理（2025 年修订）》 （深证上〔2025〕398 号）等相关规定组织实施本次向不特定对象发行可转换 公司债券（以下简称"可转债"或"胜蓝转 02"）。 本次发行的可转债将向发行人在股权登记日（2025 年 8 月 27 日，T-1 日） 收市后中国证券登记结算有限责任公司深圳分公司（以下简称"中国结算深圳 分公司"或"登记公司"）登记在册的 ...

Core Insights - A total of 422 stocks received initial coverage from brokerages in August, with notable mentions including Zhehai Deman, Shenglan Co., and Defu Technology, all receiving "Buy" ratings from various securities firms [1] Group 1: Stock Performance - Zhehai Deman had the highest increase in August, receiving initial coverage from Kaiyuan Securities, which provided a "Buy" rating due to expected benefits from the acceleration of humanoid robot mass production and high demand for precision lathes [1] - Among the 422 stocks, 117 stocks saw a monthly increase of over 20%, indicating strong market interest and potential growth [1] Group 2: Stocks Below Target Price - Four stocks have not yet reached the target prices set by brokerages despite significant monthly gains: - Haitai Technology: Current price 42.15, target price 60.90, upside potential 44.48%, with a monthly increase of 26.05% from Northeast Securities [1] - Tongfei Co.: Current price 82.13, target price 106.10, upside potential 29.19%, with a monthly increase of 42.51% from Northeast Securities [1] - Xianghe Industry: Current price 11.25, target price 14.36, upside potential 27.64%, with a monthly increase of 22.02% from Northeast Securities [1] - Tianshan Co.: Current price 6.53, target price 8.22, upside potential 25.88%, with a monthly increase of 23.44% from Western Securities [1]

Core Viewpoint - The company, Shenglan Technology Co., Ltd., is issuing convertible bonds to unspecified investors, with a total issuance amount of 450 million yuan, equivalent to 4.5 million bonds, priced at 1,000 yuan each [3][7]. Group 1: Issuance Details - The issuance of convertible bonds is organized in accordance with various regulations, including the Securities Law of the People's Republic of China and relevant guidelines from the Shenzhen Stock Exchange [3]. - The original shareholders have priority in subscribing to the bonds, with any remaining amount available for public subscription through the Shenzhen Stock Exchange [4][6]. - The issuance process includes important reminders regarding subscription, payment, and the consequences of insufficient funds for investors [4][6]. Group 2: Subscription Results - The total amount of convertible bonds available for public subscription after the priority allocation to original shareholders is 701,480 bonds, with a very low subscription rate of approximately 0.0008167421% for public investors [7]. - The original shareholders, including the controlling shareholder, received a total of 2,521,474 bonds, accounting for about 56.03% of the total issuance [7]. - The subscription period ended on August 28, 2025, and the results will be announced on September 1, 2025 [7]. Group 3: Underwriting and Risk Management - The underwriting of the bonds will be handled by Dongguan Securities Co., Ltd., which will assume responsibility for any shortfall in subscriptions up to 30% of the total issuance [6]. - If the total subscriptions do not reach 70% of the issuance amount, the issuer and underwriter may consider suspending the issuance [5][6]. - Investors who forfeit their subscription will be restricted from participating in future offerings for a period of six months [6].

Core Viewpoint - Shenglan Co., Ltd. has shown significant growth in its connector business, with a notable increase in revenue and net profit, while also expanding into the liquid cooling market, which is expected to become a second growth driver for the company [1][3][4]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 774 million RMB, a year-on-year increase of 28.97%, and a net profit attributable to shareholders of 84.01 million RMB, up 58.13% [1]. - In Q2 2025, revenue reached 438 million RMB, reflecting a 39.80% year-on-year growth, with net profit of 53.87 million RMB, an increase of 71.81% [1]. - The company's gross profit margin improved to 25.33%, up 0.69 percentage points year-on-year, while the expense ratios for sales, management, R&D, and finance decreased [1]. Group 2: Business Segments - The company specializes in connectors and components for consumer electronics, new energy vehicles, and data communications, serving major clients like Foxconn and BYD [2]. - The consumer electronics segment generated 485 million RMB in revenue, a 26.32% increase, while the new energy vehicle segment saw revenue of 177 million RMB, up 40.58% [1][2]. - The data communications segment experienced a significant revenue increase of 104.59%, reaching 51.52 million RMB [1]. Group 3: Liquid Cooling Business - The liquid cooling market is projected to grow from 2.6 billion USD in 2023 to 7.8 billion USD by 2028, with a CAGR of 24.4% [3]. - The company has developed components like UQD and liquid cooling plates and has begun receiving small orders, marking a significant step towards commercializing its liquid cooling products [3]. - Collaborations with well-known manufacturers in Taiwan are underway, indicating strong potential for future growth in the liquid cooling sector [3]. Group 4: Future Outlook - The company forecasts net profits of 162 million RMB, 199 million RMB, and 240 million RMB for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.99, 1.22, and 1.47 RMB [4]. - The current stock price corresponds to PE ratios of 66, 53, and 44 for the years 2025 to 2027, indicating a favorable investment outlook [4].

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by advancements in various sectors including consumer electronics, new energy vehicles, and AI [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 774 million RMB, a year-on-year increase of 28.97%, and a net profit attributable to shareholders of 84.01 million RMB, up 58.13% [1]. - For Q2 2025, the company recorded revenue of 438 million RMB, representing a 39.80% year-on-year growth, and a net profit of 53.87 million RMB, which is a 71.81% increase compared to the same period last year [1]. - The gross margin for the company improved to 25.33%, an increase of 0.69 percentage points year-on-year, while the expense ratios for sales, management, R&D, and finance decreased [1]. Group 2: Business Segments - The consumer electronics connector and components segment generated revenue of 485 million RMB, a 26.32% increase year-on-year, with a gross margin of 25.52% [1]. - The new energy vehicle connector and components segment saw revenue of 177 million RMB, a 40.58% increase year-on-year, although its gross margin slightly decreased to 16.96% [1]. - The data communication high-speed connector business experienced substantial growth, with revenue reaching 51.52 million RMB, a remarkable increase of 104.59% year-on-year [1]. Group 3: Strategic Initiatives - The company plans to issue convertible bonds to raise 450 million RMB for the development of high-voltage connectors for new energy vehicles and industrial control connectors, reinforcing its core business [2]. - The company has begun to explore the liquid cooling market, with initial orders for UQD and liquid cooling plates, indicating a strategic shift towards this growing sector [3]. - The global data center liquid cooling market is projected to grow from 2.6 billion USD in 2023 to 7.8 billion USD by 2028, with a CAGR of 24.4%, presenting a significant opportunity for the company [3]. Group 4: Profit Forecast - The company is expected to maintain steady growth in its connector business while expanding into the liquid cooling sector, with projected net profits of 162 million RMB, 199 million RMB, and 240 million RMB for 2025-2027 [4]. - The earnings per share (EPS) are forecasted to be 0.99 RMB, 1.22 RMB, and 1.47 RMB for the same period, with corresponding price-to-earnings (PE) ratios of 66, 53, and 44 times [4].

Financial Performance - The company reported a total revenue of 774 million yuan for the first half of 2025, representing a year-on-year increase of 28.97% [1] - The net profit attributable to shareholders reached 84.01 million yuan, up 58.13% year-on-year [1] - In Q2 alone, total revenue was 438 million yuan, showing a year-on-year growth of 39.8%, while net profit for the quarter was 53.87 million yuan, an increase of 71.81% year-on-year [1] - The gross margin improved by 2.81% to 25.33%, and the net margin increased by 28.96% to 10.97% [1] Cost Management - Total selling, administrative, and financial expenses amounted to 65.74 million yuan, accounting for 8.49% of revenue, which is a decrease of 14.54% year-on-year [1] - The company’s earnings per share (EPS) increased by 41.67% to 0.51 yuan [1] Financial Ratios - The company’s return on invested capital (ROIC) was 6.46% last year, indicating average capital returns [2] - The historical median ROIC since the company’s listing is 17.53%, with the lowest ROIC recorded in 2022 at 4.64% [2] - The net profit margin last year was 7.8%, suggesting average added value from products or services [2] Cash Flow and Receivables - The cash flow situation is a point of concern, with cash and cash equivalents to current liabilities ratio at 93.73% [2] - Accounts receivable have reached 539.68% of profit, indicating potential issues with receivables management [2]

Group 1 - The copper cable high-speed connection concept has seen a significant increase of 5.61%, making it the top-performing sector on the market, with 40 stocks rising, including notable gains from Yidong Electronics and Dingtong Technology, both reaching a 20% limit up [1] - Major inflows into the copper cable high-speed connection sector amounted to a net inflow of 1.837 billion yuan, with 26 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflows, led by Tongyu Communication with a net inflow of 341 million yuan [1][2] - The top stocks by net inflow ratio include Changfei Fiber, Tongyu Communication, and Ruikeda, with net inflow ratios of 28.85%, 18.22%, and 12.41% respectively [2][3] Group 2 - The concept of copper cable high-speed connection has outperformed other sectors, with significant daily gains compared to sectors like genetically modified organisms and Alzheimer’s concepts, which saw declines of -1.81% and -1.07% respectively [1] - The trading volume and turnover rates for leading stocks in the copper cable high-speed connection sector indicate strong investor interest, with Tongyu Communication showing a turnover rate of 31.01% and a daily increase of 6.32% [2] - Other notable performers in the sector include Huafeng Technology and Shenglan Co., which recorded increases of 15.12% and 17.28% respectively, reflecting a robust market sentiment towards this sector [1][2]