Group 1 - In 2024, Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. signed a partnership agreement with professional investment institutions to establish Shenzhen Baoteng Fushun Venture Capital Fund Partnership [1] - All partners committed a total investment of 150 million yuan, with Benchuan Intelligent contributing 30 million yuan, accounting for 20% of the total [1] - As of the announcement date on September 23, 2025, Baoteng Fushun completed its second phase of funding, raising 45 million yuan, with Benchuan Intelligent contributing 9 million yuan in this phase [1] Group 2 - The company stated its intention to understand the fund's operations, supervise risk prevention, and ensure the safety of funds [1] - The company will disclose subsequent developments in accordance with regulations and remind investors to pay attention to risks [1]

证券代码：300964 证券简称：本川智能 公告编号：2025-071 江苏本川智能电路科技股份有限公司 截至本公告披露日，各合伙人根据合伙协议的约定完成了第二期出资额的 缴付，保腾福顺第二期出资额 4,500 万元已募集到位，出资方式均为货币，各 合伙人认缴出资额和第二期实缴出资额情况具体如下： | 合伙人名称 | 合伙人类型 | 认缴出资额（元） | 出资比例 | 第二期实缴出资 额（元） | | --- | --- | --- | --- | --- | | 深圳市保腾资本管理有限公司 | 普通合伙人 | 1,500,000 | 1% | 450,000 | | 深圳顺络电子股份有限公司 | 有限合伙人 | 70,000,000 | 46.67% | 21,000,000 | | 江苏本川智能电路科技股份有限公司 | 有限合伙人 | 30,000,000 | 20% | 9,000,000 | 1 | 深圳市福田资本运营集团有限公司 | 有限合伙人 | 29,500,000 | 19.67% | 8,850,000 | | --- | --- | --- | --- | --- | | 深圳市保腾联盛投 ...

证券代码：300964 证券简称：本川智能 公告编号：2025-070 江苏本川智能电路科技股份有限公司 2025 年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； （2）网络投票时间： 其中：①通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 19 日 9:15—9:25，9:30—11:30，13:00—15:00； ②通过深圳证券交易所互联网投票系统进行网络投票的时间为 2025 年 9 月 19 日 9:15—15:00。 3、会议主持人：董事长董晓俊先生。 2、本次股东大会不存在临时提案的情形； 3、本次股东大会不涉及变更以往股东大会已通过的决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1、股东大会的召集人：公司第三届董事会。 2、会议召开时间： （1）现场会议时间：2025 年 9 月 19 日（星期五）下午 15:00。 4、会议召开地点：广东省深圳市宝安区燕罗街道燕川社区兴达路 9 号。 5、会议的召开方式：本次股东大会采取现场投票与 ...

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 2025 年第二次临时股东大会 之 法律意见书 广东省深圳市福田区深南大道 6008 号特区报业大厦 42、41、31DE、2401、2403、2405 邮编：518034 42 & 41 & 31DE & 2401 & 2403 & 2405, Special Zone Press Tower, 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 2025 年 9 月 国浩律师（深圳）事务所 法律意见书 为出具本法律意见书，本所律师现场列席了公司本次股东大会，审查了公司 提供的有关本次股东大会各项议程及相关文件，听取了公司董事会就有关事项所 作的说明。 在审查有关文件的过程中，公司向本所律师保证并承诺，其向本所提供的文 件和所作的说明是真实的，有关副本材料或复印件与原件一致。 公 ...

Group 1 - The company has maintained revenue around 500 million for the past five years, raising concerns among investors about growth and dividends [1] - The investor suggests three strategic recommendations: 1) Achieve rapid growth in revenue and net profit, 2) Significantly increase R&D expenses and attract top talent, 3) Pursue acquisitions to quickly gain technology, capacity, and customers [1] - The company is focusing on its core PCB business and is actively exploring new growth areas related to its main business, aiming to create a second growth curve [2]

Group 1 - The core viewpoint of the news is that Benchuan Intelligent has experienced a significant decline in stock price, dropping 5.02% on September 3, with a total market value of 3.425 billion yuan and a cumulative decline of 6.66% over three consecutive days [1] - Benchuan Intelligent, established on August 23, 2006, specializes in the research, production, and sales of printed circuit boards (PCBs), with PCB accounting for 92.30% of its main business revenue [1] - The company's stock trading volume on the reporting date was 1.28 billion yuan, with a turnover rate of 5.10% [1] Group 2 - Among the top ten circulating shareholders of Benchuan Intelligent, a fund under Dacheng Fund has entered the list, holding 382,200 shares, which is 0.69% of the circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund has reported a year-to-date return of 32% and a one-year return of 84.36%, ranking 1107 out of 4222 and 652 out of 3783 respectively [2] - The fund manager, Xia Gao, has a tenure of 10 years and 275 days, with the best fund return during this period being 211.33% [2]

Group 1 - The core viewpoint of the news is that Benchuan Intelligent experienced a decline in stock price, with a drop of 5.18% to 46.14 CNY per share, resulting in a total market capitalization of 3.567 billion CNY [1] - The company, Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd., specializes in the research, production, and sales of printed circuit boards (PCBs), with PCB sales accounting for 92.30% of its main business revenue [1] - The company was established on August 23, 2006, and went public on August 5, 2021 [1] Group 2 - Among the top ten circulating shareholders of Benchuan Intelligent, a fund under Dacheng Fund, the Dacheng CSI 360 Internet + Index A (002236), entered the top ten in the second quarter, holding 382,200 shares, which is 0.69% of the circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund has a current scale of 698 million CNY and has achieved a return of 35.65% this year, ranking 1064 out of 4222 in its category [2] - The fund manager, Xia Gao, has been in position for 10 years and 274 days, with the best fund return during his tenure being 219.94% [2]

Group 1 - The company, Benewake Intelligent (300964), is actively developing new products based on its long-term technological accumulation [1] - The new product focus includes layered rigid-flex combination boards, high-precision embedded component circuit boards, and embedded copper boards [1]

Core Viewpoint - The financial performance of Benchuan Intelligent (300964) shows significant growth in revenue and net profit for the first half of 2025, indicating a positive trend in business operations and market demand [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 reached 380 million yuan, a year-on-year increase of 36.91% compared to 277 million yuan in 2024 [1]. - Net profit attributable to shareholders was 21.46 million yuan, up 37.33% from 15.63 million yuan in the previous year [1]. - The second quarter alone saw total revenue of 209 million yuan, reflecting a 35.05% increase year-on-year [1]. - The gross profit margin improved to 21.97%, up 9.69% from the previous year, while the net profit margin slightly decreased to 5.54%, down 1.73% [1][2]. Key Financial Metrics - The company reported a significant increase in accounts receivable, which rose by 41.98% to 201 million yuan, indicating higher sales but also potential cash flow concerns [1][2]. - The total of selling, administrative, and financial expenses amounted to 39.35 million yuan, accounting for 10.36% of revenue, which is a 10.01% increase year-on-year [1]. - Earnings per share increased to 0.28 yuan, a rise of 38.80% from 0.20 yuan in the previous year [1]. Changes in Financial Items - Cash and cash equivalents decreased by 43.76% to 154 million yuan due to increased capital expenditures and rapid business growth [1][2]. - Inventory increased by 44.68% as production levels rose, reflecting higher stock levels of finished goods and work in progress [2]. - Long-term equity investments surged by 77.83%, indicating a strategic increase in external investments [2]. Operational Insights - The company’s return on invested capital (ROIC) was reported at 2.01%, suggesting a need for improved capital efficiency [3]. - The company is actively pursuing advancements in 5G and 6G technologies, aiming to establish a competitive edge in emerging markets [4]. - The company’s reliance on research, marketing, and capital expenditures highlights the importance of evaluating the effectiveness of these investments [4].

Core Insights - The company reported a total revenue of 380 million yuan for the first half of 2025, marking an increase of 102 million yuan compared to the same period last year, achieving a year-on-year growth of 36.91% [1] - The net profit attributable to shareholders reached 21.46 million yuan, an increase of 5.83 million yuan from the previous year, reflecting a year-on-year growth of 37.33% [1] - The company experienced a negative cash flow from operating activities amounting to -12.86 million yuan [1] Financial Ratios - The latest debt-to-asset ratio stands at 27.64%, ranking 10th among disclosed peers [3] - The gross profit margin is reported at 21.97%, ranking 18th among peers, with an increase of 1.94 percentage points from the previous year [3] - The return on equity (ROE) is 2.12%, up by 0.53 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share (EPS) is 0.28 yuan, an increase of 0.08 yuan from the same period last year, achieving a year-on-year growth of 38.80% [3] - The total asset turnover ratio is 0.28 times, an increase of 0.07 times compared to the previous year, reflecting a year-on-year growth of 32.15% [3] - The inventory turnover ratio is 2.56 times, ranking 19th among peers, with an increase of 0.16 times year-on-year, achieving a growth of 6.45% [3] Shareholder Structure - The number of shareholders is reported at 15,000, with the top ten shareholders holding a total of 46.56 million shares, accounting for 60.24% of the total share capital [3] - The largest shareholder, Chong Xiaojun, holds 21.46% of the shares [3] - Other significant shareholders include Nanjing Ruihan Equity Investment Partnership (19.92%) and Zhou Guoxiong (7.00%) [3]