江苏本川智能电路科技股份有限公司 开展外汇套期保值业务可行性分析报告 一、开展外汇套期保值业务的目的 随着江苏本川智能电路科技股份有限公司（以下简称"公司"或"本川智能"） 业务发展迅速，公司及子公司业务涉及美元等外币结算量不断上升。为提高公司 及子公司应对外汇波动风险的能力，有效规避和防范外汇市场风险，防范汇率大 幅波动对公司及子公司造成不良影响，公司及子公司拟与经国家有关政府部门批 准、具有外汇套期保值业务经营资质的银行等金融机构开展与日常经营需求紧密 相关的外汇套期保值业务，以减少汇率波动对公司业绩的影响。 二、外汇套期保值业务的基本情况 （一）开展外汇套期保值业务的目的 随着公司业务发展迅速，公司及子公司业务涉及美元等外币结算量不断上升。 为提高公司及子公司应对外汇波动风险的能力，有效规避和防范外汇市场风险， 防范汇率大幅波动对公司及子公司造成不良影响，公司及子公司拟与银行等金融 机构开展与日常经营需求紧密相关的外汇套期保值业务，以减少汇率波动对公司 业绩的影响。 （二）交易金额 根据公司资产规模及业务需求情况，公司及子公司开展外汇套期保值业务， 预计动用交易保证金和权利金上限不超过人民币 200 万 ...

江苏本川智能电路科技股份有限公司 关于开展外汇套期保值业务的公告 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。 证券代码：300964 证券简称：本川智能 公告编号：2025-060 重要内容提示： 1、为进一步提高江苏本川智能电路科技股份有限公司（以下简称"公司" 或"本川智能"）应对外汇波动风险的能力，有效规避和防范外汇市场风险，防 范汇率大幅波动对公司及子公司造成不良影响，公司及子公司拟开展外汇套期保 值业务，预计动用交易保证金和权利金上限不超过人民币 200 万元或等值外币， 任一交易日持有的最高合约价值不超过人民币 4 亿元或等值外币，与具有外汇套 期保值业务经营资格的大型商业银行或金融机构开展外汇套期保值业务，包括不 限于远期结售汇、外汇掉期、外汇期权、利率掉期、利率期权、货币掉期等或上 述产品的组合。 2、审议程序：上述事项已经公司第三届董事会第二十八次会议、第三届监 事会第二十二次会议审议通过。本议案在董事会审批权限内，无需提交公司股东 大会审议。 3、特别风险提示：在外汇套期保值业务开展过程中存在汇率波动风险、交 易违约风险、内部控制风险以 ...

Core Insights - The main business of Benchuan Intelligent focuses on providing small-batch printed circuit board (PCB) products and solutions, with PCBs accounting for 92.39% of revenue and other businesses making up 7.61% [2] Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 0.54 billion yuan, which decreased to 0.24 billion yuan by 2024, marking a cumulative decline of 55.96% over the years [2] - Revenue showed fluctuations, with 5.54 billion yuan in 2021 and 5.96 billion yuan in 2024, indicating a trend of growth slowdown, decline, and subsequent recovery [2] - The net profit experienced a significant drop in 2023 but saw a notable recovery in 2024 [2] Market Valuation - Since its listing, the market value of Benchuan Intelligent has declined, peaking at 57.97 billion yuan on August 5, 2021, with a stock price of 75.0 yuan, and dropping to a market value of 36.02 billion yuan and a stock price of 46.6 yuan by August 4, 2025, resulting in a market value loss of 21.95 billion yuan or 37.87% [4]

Core Viewpoint - The company, Benchuan Intelligent (300964.SZ), is a leader in high-frequency communication PCB technology and has established long-term stable partnerships with numerous leading enterprises in downstream industries, enjoying a high brand recognition in the market [1] Group 1: Company Positioning - The company has a strong technological advantage based on traditional products and has deepened its layout in application fields such as 5G-A, 6G, and low-altitude economy [1] - The company has engaged in long-term technical exchanges and collaborations with several leading communication equipment manufacturers [1]

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"）于近日接到公司 控股股东、实际控制人董晓俊先生通知，获悉董晓俊先生持有本公司的部分股 份解除质押。现将相关情况公告如下： 一、股东股份解除质押基本情况 1、本次股份解除质押基本情况 | 股东名称 | 是否为控股 股东或第一 大股东及其 一致行动人 | 本次解除质 押股份数量 （股） | 占其所持 股份比例 | 占公司总 股本比例 | 起始日 | 解除日期 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 董晓俊 | 是 | 1,330,000 | 8.05% | 1.72% | 2024 年 12 | 2025 年 | 7 月 | 深圳市高新投小额贷款 | | | | | | | 月 23 日 | 31 日 | | 有限公司 | | 合计 | - | 1,330,000 | 8.05% | 1.72% | - | - | | - | 证券代码：300964 证券简称：本川智能 ...

Group 1 - The A-share market experienced a decline in the afternoon, with the ChiNext index dropping over 1%, particularly affected by the gaming and CPO sectors [1] - Notable declines were observed in several companies, including Jingwang Electronics (-7.33% with a market cap of 58.2 billion), Cambridge Technology (-6.06% with a market cap of 13.7 billion), and Huylv Ecological (-4.80% with a market cap of 10.7 billion) [1] - Year-to-date performance showed significant variations, with companies like Jingwang Electronics and Xinyi Sheng achieving increases of 127.01% and 121.28% respectively, despite their recent declines [1] Group 2 - Other companies that faced declines include Zhongji Xuchuang (-3.88% with a market cap of 232.4 billion), Xinyi Sheng (-3.84% with a market cap of 180.8 billion), and Lian Te Technology (-3.79% with a market cap of 12.5 billion) [1] - The overall market sentiment appears negative, as multiple sectors, including technology and communications, reported losses, indicating a broader market trend [1] - The performance of the ChiNext index reflects ongoing volatility in the A-share market, with specific sectors like gaming and CPO underperforming [1]

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of 1 yuan per 10 shares for all shareholders, totaling approximately 7.63 million yuan, excluding repurchased shares [2][4]. Group 1: Dividend Distribution Details - The total share capital of the company is 77,298,284 shares, from which 970,000 shares held in the repurchase account are excluded, resulting in a base of 76,328,284 shares for the dividend distribution [2][4]. - The cash dividend distribution will be 1 yuan (including tax) for every 10 shares held, amounting to a total cash dividend of 7,632,828.40 yuan [2][4]. - The dividend will not include stock bonuses or capital reserve transfers to increase share capital [2][4]. Group 2: Taxation and Shareholder Eligibility - For QFII, RQFII, and individual shareholders holding pre-IPO restricted shares, the cash dividend will be 0.90 yuan per 10 shares after tax [2][3]. - The tax rate for dividends will vary based on the holding period of the shares, with specific tax amounts outlined for different holding durations [3]. - The distribution will be applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of the close of trading on August 7, 2025 [3][4]. Group 3: Adjustments and Commitments - The reference price for the ex-dividend date will be calculated by subtracting the per-share cash dividend from the closing price on the dividend registration date [4]. - The minimum selling price commitment for major shareholders has been adjusted to 31.33 yuan per share following the dividend distribution [5].

Core Viewpoint - Benchuan Intelligent plans to issue convertible bonds to raise up to 490 million yuan for expanding production capacity and optimizing industrial layout [2][6]. Group 1: Fundraising and Investment Plans - The company intends to issue convertible bonds with a six-year term and a face value of 100 yuan each, which has been accepted by the Shenzhen Stock Exchange [2]. - The raised funds will primarily be used for the construction of two production bases: a 300,000 square meter intelligent circuit product production project in Zhuhai and a printed circuit board production base in Thailand, with the remaining funds allocated for working capital [2][7][8]. - The two investment projects are expected to add a combined annual production capacity of 550,000 square meters, addressing the capacity bottleneck amid increasing orders [9]. Group 2: Financial Performance - In 2023, the company faced a downturn due to declining downstream market demand and rising raw material prices, resulting in a net loss of 6.7393 million yuan after excluding non-recurring gains and losses [4]. - The company anticipates a recovery in 2024, projecting a net profit of 16.9704 million yuan after excluding non-recurring items, marking a turnaround from the previous year's losses [4]. Group 3: Previous Investment Performance - The company's previous IPO fundraising project, aimed at expanding production capacity, has raised concerns as it underperformed expectations, achieving only 12.2741 million yuan and 16.7426 million yuan in 2023 and 2024, respectively, compared to the feasibility study's projections [10]. - The company attributes this underperformance to a prolonged capacity ramp-up period, rising fixed costs, industry downturns, and declining product prices, indicating a cautious approach to market changes [10].

Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. plans to issue convertible bonds to raise up to 490 million yuan for production base construction and working capital [1] Group 1: Fundraising and Projects - The company intends to use the raised funds primarily for two production bases: a 300,000 square meter intelligent circuit product production project in Zhuhai and a PCB production base in Thailand [1][4] - The total new annual production capacity from these projects is expected to reach 550,000 square meters, addressing capacity bottlenecks amid increasing orders [5] Group 2: Financial Performance - The company experienced significant financial volatility, with a net profit of -6.7393 million yuan in 2023 due to declining market demand and rising raw material costs [1] - In 2024, the company is projected to recover, achieving a net profit of 16.9704 million yuan, marking a turnaround [1] Group 3: Previous Investment Performance - The company's previous IPO fundraising project, aimed at expanding production capacity, has underperformed, generating only 12.2741 million yuan and 16.7426 million yuan in 2023 and 2024, respectively, below expected returns [6] - The company has acknowledged risks associated with the new fundraising projects, including potential underperformance and capacity absorption challenges [6]

（文章来源：证券日报） 证券日报网讯 7月31日晚间，本川智能发布公告称，2024年年度权益分派方案为：以公司现有总股本 77，298，284股剔除公司回购专用证券账户中已回购股份970，000股后的股本76，328，284股为基数， 向全体股东每10股派发现金红利1元（含税），股权登记日为2025年8月7日，除权除息日为2025年8月8 日。 ...