证券代码：300964 证券简称：本川智能 公告编号：2026-005 江苏本川智能电路科技股份有限公司 关于公司向不特定对象发行可转换公司债券提交募集 说明书（注册稿）等申请文件的提示性公告 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"）向不特定对象发 行可转换公司债券（以下简称"本次发行"）的申请已于 2026 年 2 月 10 日获得 深圳证券交易所上市审核委员会审核通过，详见公司披露于巨潮资讯网 （www.cninfo.com.cn）的《关于向不特定对象发行可转换公司债券申请获得深圳 证券交易所上市审核委员会审核通过的公告》（公告编号：2026-004）。 江苏本川智能电路科技股份有限公司董事会 2026 年 2 月 26 日 1 根据本次发行事项实际进展以及相关审核要求，公司会同相关中介机构对申 请文件内容进行了更新和修订，具体内容详见公司同日披露于巨潮资讯网 （www.cninfo.com.cn）的《向不特定对象发行可转换公司债券募集说明书（注册 稿）》等相关文件。 公司本次发行事项尚需履行中国 ...

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（四） 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 二〇二六年二月 | 第一节 | 声明 6 | | --- | --- | | 第二节 | 本次发行相关事项的更新 7 | | 一、 | 本次发行的批准与授权 7 | | 二、 | 发行人本次发行主体资格 7 | | 三、 | 本次发行的实质条件 7 | | 四、 | 发行人的设立 7 | | 五、 | 发行人的独立性 7 | | 六、 | 控股股东和实际控制人 8 | | 七、 | 发行人的股本及其演变 9 | | 八、 | 发 ...

东北证券股份有限公司 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 上市保荐书 （住所：长春市生态大街 6666 号） 二〇二六年二月 声 明 东北证券股份有限公司接受江苏本川智能电路科技股份有限公司的委托，担 任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的保 荐人。 保荐人及指定的保荐代表人已根据《公司法》《证券法》《注册管理办法》 等法律法规和中国证监会及深圳证券交易所的有关规定，诚实守信，勤勉尽责， 严格按照依法制定的业务规则和行业自律规范出具本上市保荐书，并保证所出具 文件真实、准确、完整。 除非特别注明，本上市保荐书所使用的简称和术语与《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募集说明书》一致。 3-3-1 | | | | 声 | 明 1 | | --- | --- | | 目 | 录 2 | | | 一、发行人基本情况 3 | | | 二、发行人存在的主要风险 14 | | | 三、本次发行的基本情况 29 | | | 四、本次证券发行的项目保荐代表人、协办人及项目组其他成员情况 38 | | | 五、保荐机构是否存在可能影 ...

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 券审核问询函中有关财务会计问题的 专项说明 致同会计师事务所（特殊普通合伙） 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 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审核问询函中 有关财务会计问题的专项说明 报告期内，公司前五大客户和前五大供应商存在贸易型公司。公司向前五大原材料供应 商采购占比分别为 64.90%、58.74%、58.91%和 66.71%，其中向第一大供应商采购占比超过 30%。 致同专字（2026）第 441A000146 号 深圳证券交易所： 根据深圳证券交易所（以下简称"深交所"或"贵所"）于 2025 年 8 月 6 日出 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"）的要求，致同会计师事务 ...

Group 1 - The PCB concept stocks in the A-share market have collectively strengthened, with notable gains from several companies [1] - Tongyu New Materials saw an increase of over 17%, while Mingyang Circuit rose by over 16% [1] - Other companies such as Wanyuantong, Weiergao, and Dazhu Laser also experienced significant gains, with increases of over 10% [1] Group 2 - Detailed stock performance includes: - Tongyu New Materials: 17.25% increase, market cap of 8.92 billion [2] - Mingyang Circuit: 16.31% increase, market cap of 12.7 billion [2] - Wanyuantong: 11.29% increase, market cap of 5.607 billion [2] - Weiergao: 10.14% increase, market cap of 9.287 billion [2] - Dazhu Laser: 10% increase, market cap of 71.8 billion [2] - Other companies like Guanghe Technology, Shennan Circuit, and Huhua Electric also reported 10% increases [2]

Group 1: Market Performance - The A-share market saw a collective surge in commercial aerospace stocks, with notable gains including Spring Breeze Intelligent Control up over 16% and Tongguang Cable up 12% [1] - Other significant performers included Zhongke Environmental Protection and Huafeng Technology, both rising over 11%, while Yunnan Zhiye and Hongyuan Electronics hit the daily limit up of 10% [1] Group 2: Company Developments - Zhongke Aerospace's reusable liquid launch vehicle, Lijian No. 2, is scheduled for its maiden flight in late March 2023, carrying the prototype of China's Light Boat No. 1 cargo spacecraft [1] - The company has planned four launches within the year, focusing on satellite internet networking and major national tasks, with a goal of maintaining its leading position in commercial launches [1] - Additionally, Zhongke Aerospace has submitted a 2026 launch plan to authorities, aiming for 13 launches in the year and potentially adding 1-2 more missions, setting a new record for launch frequency and task density [1]

Core Viewpoint - The A-share market saw a significant rise in commercial aerospace stocks, driven by the upcoming launch of the reusable liquid rocket by China Aerospace, which is expected to enhance the commercial launch capabilities and frequency in the industry [1]. Group 1: Stock Performance - SpringHui Intelligent Control surged over 16%, with a total market value of 76.33 billion and a year-to-date increase of 80.22% [2]. - Tongguang Cable increased by 12%, with a market capitalization of 88.19 billion and a year-to-date rise of 40.75% [2]. - Zhongke Environmental Protection rose by 11.27%, with a market value of 106 billion and a year-to-date increase of 22% [2]. - Huafeng Technology saw an 11.22% increase, with a market capitalization of 562 billion and a year-to-date rise of 21.77% [2]. - Hongyuan Electronics and other companies also experienced significant gains, with increases ranging from 6% to 10% [2]. Group 2: Upcoming Launch Plans - China Aerospace's reusable liquid rocket, the Lijian-2, is scheduled for its maiden flight in late March 2023, carrying the initial sample of the Light Boat-1 cargo spacecraft [1]. - The company has planned four launches within the year, focusing on satellite internet networking and major national tasks [1]. - The solid rocket, Lijian-1, is set for at least eight launches this year, including two maritime launches, reinforcing its position in commercial launches [1]. - A proposal for 13 launches in 2026 has been submitted, with aspirations for an additional 1-2 missions, aiming for record-high launch frequency and task density [1].

Core Viewpoint - Benchuan Intelligent's application for public issuance of convertible bonds has been successfully approved, aiming to raise a total of 469 million yuan for various projects and working capital [1]. Group 1: Fundraising and Projects - The company plans to issue convertible bonds to raise up to 469 million yuan, with net proceeds intended for investment in specific projects and working capital [1]. - The total investment for the Zhuhai Shuo Hong project is approximately 356.19 million yuan, with 334.54 million yuan expected to be funded by the raised capital [3]. - The Thailand PCB production base project has a total investment of about 237.58 million yuan, with 105.46 million yuan allocated from the raised funds [3]. Group 2: Project Details - The Zhuhai Shuo Hong project will involve the construction of a new factory with a planned area of about 30,050 square meters, targeting an annual production capacity of 300,000 square meters of various PCB products [3][4]. - The Thailand PCB production base, operated by Aiwel Circuit (Thailand) Co., Ltd., aims for an annual capacity of 250,000 square meters, focusing on double-sided and multi-layer PCBs [4]. - The implementation of these projects is expected to enhance delivery capabilities, reduce international trade barriers, and improve production efficiency through the acquisition of automated equipment [4].

Core Viewpoint - Benkan Intelligent (300964) has received approval from the Shenzhen Stock Exchange for its application to issue convertible bonds, which could positively impact the company's financing and long-term development, pending registration with the China Securities Regulatory Commission [1] Stock Performance - The stock price of Benkan Intelligent has shown volatility over the past seven trading days, closing at 58.80 yuan on February 13, with a daily increase of 0.39% and a trading volume of 1.23 billion yuan [1] - On February 9, the stock price surged by 4.76% with a trading volume of 1.73 billion yuan, while on February 12, it rose by 1.10% with a trading volume of 1.37 billion yuan [1] - The stock is currently trading between the 20-day Bollinger Band resistance level of 64.13 yuan and the support level of 54.41 yuan, indicating a short-term oscillating pattern [1] Financial Performance - For the first three quarters of 2025, Benkan Intelligent reported a revenue of 614 million yuan, representing a year-on-year increase of 43.11%, and a net profit of 30.23 million yuan, which is a significant year-on-year growth of 142.98% [1] - The growth in performance is attributed to an increase in order volume, improved capacity utilization, and a higher proportion of high-value-added products, reflecting enhanced operational efficiency and a recovery in industry demand [1] Institutional Insights - Market attention towards Benkan Intelligent is moderate, with neutral sentiment prevailing [2] - One institution forecasts a net profit of 40 million yuan for 2025, a year-on-year increase of 33.33%, and a net profit of 46 million yuan for 2026, a year-on-year increase of 15.00% [2] - The company is positioned in the "small batch, multi-variety" PCB sector, targeting cutting-edge fields such as 6G communication and low-altitude economy, but faces trade policy risks due to over 60% of its sales being international [2]

Core Viewpoint - The refinancing review process in the A-share market, especially for the ChiNext board, is shifting from a strict profit-based evaluation to a more comprehensive value judgment, focusing on potential, fundamentals, and growth trends rather than just past profits [25][26]. Group 1: Company Performance and Financials - The company, Benchuan Intelligent Circuit Technology Co., Ltd., demonstrated a significant rebound in its financial performance, with a projected non-net profit of 17 million in 2024 and 30.23 million in the first three quarters of 2025, indicating a recovery from a low point in 2023 [25][28]. - The company's revenue for 2025 (January to September) is reported at 61.35 million, reflecting a 43.11% increase compared to the previous year, while the net profit for the same period is 32.34 million, a 52.76% increase [28][19]. - The company’s non-recurring profit and loss significantly impacted its financials, with a net profit attributable to the parent company of 2.37 million in 2024, but only 1.69 million after excluding non-operating income [27][19]. Group 2: Business Strategy and Market Position - The company operates in the high-end circuit board sector, focusing on applications in communication, automotive electronics, new energy, and industrial control, aligning with national strategic priorities [25][26]. - The planned fundraising will be used for building new factories in Zhuhai and Thailand, which supports the company's expansion and aligns with the national strategy for supply chain diversification [26][24]. - The company’s product offerings include advanced circuit boards with high precision and reliability, catering to a growing demand in various high-tech fields, which positions it favorably in the market [37][38]. Group 3: Regulatory Environment and Future Outlook - The review process for refinancing has become more flexible, emphasizing the overall strength and future potential of the company rather than strictly adhering to past profit thresholds [25][26]. - The company’s ability to secure financing despite not meeting the previously perceived profit threshold indicates a shift in regulatory attitudes towards valuing growth potential and strategic alignment with national interests [25][26].