Group 1 - The core viewpoint of the news is that Benchuan Intelligent has shown a mixed performance in terms of financing and stock trading, with a slight increase in stock price and notable financing activities [1] - As of October 9, Benchuan Intelligent's stock price increased by 0.02%, with a trading volume of 97.74 million yuan [1] - The financing data indicates that on the same day, the company had a financing buy amount of 9.98 million yuan and a financing repayment of 11.83 million yuan, resulting in a net financing outflow of 1.85 million yuan [1] Group 2 - As of June 30, the number of shareholders of Benchuan Intelligent reached 15,000, an increase of 2.20% compared to the previous period [2] - The company reported a revenue of 380 million yuan for the first half of 2025, representing a year-on-year growth of 36.91%, and a net profit attributable to shareholders of 21.46 million yuan, up 37.33% year-on-year [2] - Since its A-share listing, Benchuan Intelligent has distributed a total of 61.35 million yuan in dividends, with 38.16 million yuan distributed over the past three years [2]

Core Viewpoint - The company has established a strong competitive advantage in the industrial control sector through deep partnerships with leading downstream enterprises and a robust portfolio of self-developed core technologies [1] Group 1: Company Strategy - The company has a diverse range of products that are widely applied in industrial robots and automated production lines [1] - Future plans include deepening cooperative relationships, enhancing process technology levels, and improving production management capabilities [1] - The company aims to improve product quality, shorten delivery times, and increase customer service satisfaction to meet personalized and diverse product demands [1]

Core Viewpoint - The demand for PCB products in the electric vehicle sector is evolving towards high performance, high reliability, and system integration, necessitating improvements in insulation performance, voltage rating, and current-carrying capacity [1] Company Developments - The company is leveraging its long-term technological accumulation to actively develop new products, including layered rigid-flex boards, high-precision embedded component circuit boards, and embedded copper boards [1]

Core Viewpoint - Benchuan Intelligent has received an inquiry letter from the Shenzhen Stock Exchange regarding its application to issue convertible bonds to unspecified investors, indicating ongoing regulatory scrutiny and the need for compliance with financial disclosure requirements [1]. Group 1: Company Announcement - On August 6, 2025, Benchuan Intelligent received an inquiry letter from the Shenzhen Stock Exchange concerning its application for issuing convertible bonds [1]. - The company is working with relevant intermediaries to address the listed questions and will update its application documents accordingly [1]. - The updated financial data and related documents were disclosed on August 26, 2025, following the release of the company's semi-annual report on August 27, 2025 [1]. Group 2: Regulatory Process - The issuance of convertible bonds is subject to approval from the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission [1]. - There is uncertainty regarding whether the application will be approved and the timeline for such approval [1]. - The company will fulfill its information disclosure obligations in a timely manner as the situation progresses [1].

Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its application for issuing convertible bonds, detailing its operational status and fundraising projects [1][2]. Financial Performance - The company's operating revenue for the reporting period was 559.26 million, 510.94 million, 596.10 million, and 170.49 million, with net profits (after deducting non-recurring gains and losses) of 34.05 million, -6.74 million, 16.97 million, and 9.04 million respectively, indicating significant performance fluctuations [1]. - In 2023, the company experienced declines in both operating revenue and net profit due to macroeconomic downturns and reduced downstream market demand, while a recovery is expected in 2024 [1]. Business Composition - The main business of the company is the sale of customized printed circuit boards, which accounted for over 90% of total operating revenue during the reporting period [2]. - Export sales are a significant revenue source, comprising 57.37%, 52.13%, 48.39%, and 50.78% of main business revenue, primarily to the United States and Europe [2]. - The company has a high capacity utilization rate and outsources production when orders increase, with outsourced processing costs constituting a notable portion of main business costs [2]. Fundraising Projects - The proposed convertible bond issuance aims to raise no more than 49 million for projects including the construction of a production facility for smart circuit products in Zhuhai and a PCB production base in Thailand, as well as to supplement working capital [2]. - The Zhuhai project is expected to produce multilayer boards with a projected gross margin of 24.70%-24.81% and a post-tax internal rate of return of 14.07% [2]. - The Thailand project will focus on producing double-sided and multilayer PCBs, with an expected capacity of 250,000 square meters and a projected gross margin of 18.73%-18.82% and a post-tax internal rate of return of 13.80% [2]. Project Justification - The fundraising projects are closely related to the main business and do not involve new products or services, aiming to enhance overseas order response capabilities and diversify the supply chain [3]. - The company has experience in overseas investments and maintains a supply chain that does not rely on a single or few customers, mitigating risks from international trade environment changes [3]. - Previous fundraising project adjustments were justified, and the company has developed measures to address potential capacity absorption risks associated with new projects [3].

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国浩律师（深圳）事务所 关 于 江苏本川智能电路科技股份有限公司 向不特定对象发行可转换公司债券 之 补充法律意见书（一） 深圳市深南大道 6008 号特区报业大厦 42、41、31DE 邮编：518034 42、41、31DE, Tequbaoye Building, 6008 Shennan Avenue, Shenzhen, Guangdong Province 518034, China 电话/Tel: (+86)(755) 8351 5666 传真/Fax: (+86)(755) 8351 5333 网址/Website:http://www.grandall.com.cn 二〇二五年九月 | 第一节 | 声明 3 | | --- | --- | | 第二节 | 正文 5 | | | 《审核问询函》问题 1 5 | | | 《审核问询函》问题 2 46 | | 第三节 | 签署页 85 | 国浩律师（深圳）事务所 补充法律意见书（一） 国浩律师（深圳）事务所 关于江苏本川智能电路科技股份有限公司 向不特定对象发行可转换公司债券之 补充法律意见书（一） 致：江苏本川智能电路科技股份有限公司 国浩律师（ ...

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6-1 发行人最近三年的财务报告及其审计报告以及最近一期的财务 报告 | 序号 | 文件名称 | | | | 页码 | | --- | --- | --- | --- | --- | --- | | 1 | 江苏本川智能电路科技股份有限公司 | 2022 | 年度审计报告 | 6-1-1 | 至 6-1-90 | | 2 | 江苏本川智能电路科技股份有限公司 | 2023 | 年度审计报告 | 6-1-91 | 至 6-1-188 | | 3 | 江苏本川智能电路科技股份有限公司 | 2024 | 年度审计报告 | 6-1-189 | 至 6-1-288 | | 4 | 江苏本川智能电路科技股份有限公司 | 2025 年 | 1-6 月财务报表 | 6-1-289 | 至 6-1-300 | 江苏本川智能电路科技股份有限公司 二〇二二年度 审计报告 致同会计师事务所(特殊普通合伙) 您可使用手机"打一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行直营 " 6-1-1 | | | | 审计报告 | 1-5 | | --- | --- | | 合并及公司资产负债表 | 1 ...

鉴于公司已于 2025 年 8 月 27 日披露《2025 年半年度报告》，公司会同相关 中介机构对募集说明书、审核问询函回复等相关申请文件中涉及的财务数据等内 容进行了同步更新，具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn） 披露的相关公告及更新后的申请文件。相关文件披露后，公司将通过深交所发行 上市审核业务系统报送相关文件。 证券代码：300964 证券简称：本川智能 公告编号：2025-072 江苏本川智能电路科技股份有限公司 关于向不特定对象发行可转换公司债劵 募集说明书、审核问询函回复等相关申请文件财务数据更新 的提示性公告 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。 江苏本川智能电路科技股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日收到深圳证券交易所（以下简称"深交所"）出具的《关于江苏本川智能电 路科技股份有限公司申请向不特定对象发行可转换公司债券的审核问询函》（审 核函〔2025〕020040 号）（以下简称"审核问询函"），深交所上市审核中心对公 司提交的向不特定对象发行可转换公司债券的申请文件进 ...