Group 1 - Mingyang Circuit focuses on the R&D, production, and sales of printed circuit boards (PCBs), covering high multilayer boards, HDI boards, and rigid-flex boards, widely used in industrial control, communication equipment, and automotive electronics. The demand for high-reliability, high-density PCBs is continuously growing due to industrial automation upgrades, 5G communication network construction, and the increasing penetration of new energy vehicles [1][32] - Weirgao specializes in the R&D, production, and sales of electronic-grade special epoxy resins and related composite materials, which are key raw materials for PCBs. The demand for high-frequency, high-temperature, and low-loss materials is increasing in 5G communication, data centers, and new energy vehicles, leading to an expanding market space for specialty epoxy resins [2][33] - Qiangda Circuit focuses on the R&D, production, and sales of high-density interconnect printed circuit boards (HDI), widely used in consumer electronics such as smartphones and tablets. The market demand for high-end products like high multilayer HDI and AnyLayer HDI is continuously growing due to the recovery of the consumer electronics market and the upgrade of smart terminal functions [3][34] Group 2 - Benchuan Intelligent specializes in the R&D, production, and sales of PCBs, with core products including communication boards, automotive boards, and industrial control boards. The market demand for high-reliability, high-frequency PCBs is expanding due to the construction of 5G base stations and the upgrade of new energy vehicle systems [4][35] - Kexiang Co., Ltd. focuses on the R&D, production, and sales of HDI and high multilayer boards, covering various fields including consumer electronics and automotive electronics. The demand for high-end PCBs is continuously growing due to the functional upgrades of consumer electronics and the increasing demand for automotive electronic systems [5][36] - Jinlu Electronics specializes in the R&D, production, and sales of PCBs, with core products including automotive electronic boards and communication boards. The demand for high-reliability, high-integration PCBs is continuously growing due to the increasing penetration of new energy vehicles and the deep coverage of 5G networks [6][37] Group 3 - Shengyi Technology is a leading global supplier of copper-clad laminates (CCL) and related electronic materials, with products widely used in PCBs and electronic packaging. The demand for high-end copper-clad laminates is continuously expanding due to the increasing demand for high-frequency, high-temperature materials in 5G communication and data centers [7][38] - Xiehe Electronics focuses on the R&D, production, and sales of PCBs, including high-frequency and high-speed boards. The market demand for high-end products is continuously growing due to the advancement of 5G networks and the expansion of new energy vehicle systems [8][39] - Shiyun Circuit specializes in the R&D, production, and sales of PCBs, covering automotive electronics, consumer electronics, and industrial control. The demand for high-reliability, high-integration automotive PCBs is continuously growing due to the increasing complexity of in-vehicle electronic systems [9][40]

业绩经营情况 公司于2026年1月23日发布2025年度业绩预告，预计归母净利润为1600万元至2350万元，同比下降 39.84%至59.04%，正式年度报告预计将在未来披露。 经济观察网金百泽（301041）股价上涨2.03%，报29.14元/股，成交额3918.40万元，主力资金净流入 603.72万元。 战略推进 以上内容基于公开资料整理，不构成投资建议。 公司正持续加大新业务投入，推进"制造+服务+平台"战略转型，重点关注AI硬件、低空经济等领域的 业务进展。 ...

Core Viewpoint - Jin Baize experienced a decline of 1.21% on January 29, with a trading volume of 109 million yuan, indicating a potential concern regarding its stock performance and market sentiment [1]. Financing and Margin Trading - On January 29, Jin Baize had a financing buy-in amount of 17.55 million yuan and a financing repayment of 9.42 million yuan, resulting in a net financing buy of 8.13 million yuan. The total financing and margin trading balance reached 188 million yuan [1]. - The current financing balance of 188 million yuan accounts for 6.33% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1]. - In terms of margin trading, there were no shares repaid or sold on January 29, with a margin balance of 220,200 yuan and a remaining margin of 7,900 shares, also exceeding the 90th percentile level over the past year [1]. Company Overview - Jin Baize Electronics Technology Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on May 28, 1997. It was listed on August 11, 2021 [1]. - The company focuses on electronic product research and hardware innovation, aiming to become a distinctive integrated service provider in electronic design and manufacturing. Its main business segments include printed circuit boards (55.28%), electronic manufacturing services (33.33%), innovation platform services (6.88%), electronic design services (2.33%), and other services (2.18%) [1]. Financial Performance - As of September 30, Jin Baize reported a total of 14,600 shareholders, an increase of 5.17% from the previous period, while the average circulating shares per person decreased by 4.91% to 5,394 shares [2]. - For the period from January to September 2025, Jin Baize achieved an operating income of 531 million yuan, representing a year-on-year growth of 6.43%. However, the net profit attributable to shareholders decreased by 67.18% to 7.03 million yuan [2]. Dividend Information - Since its A-share listing, Jin Baize has distributed a total of 29.82 million yuan in dividends, with 22.04 million yuan distributed over the past three years [3].

未来，金百泽将继续在服务科技创新、发展新质生产力的道路上稳步前行，深耕"制造+服务+平台"服务模式，以科技创新驱动可持续发展，不断在资本 市场中清晰定义自身的长期价值坐标，为投资者创造可持续的回报，为中国电子信息产业的发展贡献力量。 据悉，该榜单基于投资者公开投票评选，活动期间在同花顺APP实现10亿+曝光、日均100万+投票，旨在探寻优秀的上市公司及投关团队，推动上市公司 市值管理体系的规范化构建和资本市场价值发现，此次获奖充分展现金百泽在治理高效运作、信息披露合规有效、积极回应市场关切等领域的持续引领。 自上市以来，金百泽始终秉持高标准、严要求的发展理念，以可持续发展观引领公司治理实践，持续深化ESG体系建设，并取得亮眼成绩。公司已构建起 系统化的ESG治理架构，将可持续发展理念深度融入战略与运营，先后获 "ESG金牛奖百强"、"2025年度上市公司最佳ESG实践奖" 等多个奖项，在专业评 级方面，金百泽Wind ESG评级达到A级，华证ESG评级达到AA级，均处于行业领先水平。 金百泽构建了以信任为基础、以长期价值创造为导向的投资者关系管理体系，持续优化治理结构，强化董事会专业性与独立性，确保决策科学高 ...

Core Viewpoint - The performance forecasts of A-share listed companies in the non-ferrous metal industry show a positive trend, with 62.16% of the 37 companies expecting better results in 2025, driven by rising metal prices and improved demand in the downstream market [1][2]. Group 1: Company Performance - Among the 37 listed companies, 23 are optimistic about their performance, with 15 expecting profit increases, 5 turning losses into profits, and 3 showing slight growth [2]. - China Rare Earth (000831) anticipates a net profit of approximately 143 million to 185 million yuan for 2025, marking a turnaround from losses, aided by a favorable market and strategic adjustments [2]. - Xianglu Tungsten Industry (002842) projects a net profit of 125 million to 180 million yuan for 2025, reflecting a year-on-year growth of 239.66% to 301.11%, driven by rising tungsten prices and improved market conditions [3]. - Zhongyi Technology (301150) expects a net profit of 60 million to 80 million yuan for 2025, representing a growth of 171.26% to 195.02%, due to increased processing fees for copper foil products and a focus on high-value products [8]. Group 2: Market Trends and Risks - The rise in product prices has led to significant stock price increases for related companies, prompting some to issue risk warnings [4]. - Silver futures and spot prices reached historical highs on January 26, leading to substantial gains for silver-related stocks, with Silver Nonferrous (601212) experiencing a cumulative stock price increase of 61.16% over five trading days [5]. - The increase in upstream metal prices has negatively impacted some downstream companies, such as Laimu Co. (603633), which faces rising production costs due to high raw material prices and tightening pricing strategies from automakers [6][7].

Core Viewpoint - The company, Jinbai Ze, forecasts a significant decline in net profit for 2025, projecting a range of 16 million to 23.5 million yuan, representing a year-on-year decrease of 39.84% to 59.04% due to rising raw material costs and ongoing business transformation challenges [1] Group 1: Financial Performance - The expected net profit for 2025 is between 16 million and 23.5 million yuan, indicating a substantial decline compared to previous years [1] - Key raw materials such as gold salts, copper balls, and tin bars have seen price increases, directly impacting the cost structure of the company's mid-to-high-end products [1] Group 2: Business Transformation - The company is transitioning from a traditional PCB manufacturing model to a "manufacturing + service + platform" model, aiming to enhance overall innovation efficiency for clients [2] - This new business model requires upfront investment with benefits expected to materialize in the long term, particularly as demand in sectors like AI hardware and industrial control is anticipated to grow [2] Group 3: Strategic Focus - The company is enhancing its engineering capabilities and digital transformation services, which are expected to support research and development collaboration, improve engineering efficiency, and optimize delivery capabilities [1][2] - Long-term competitiveness is increasingly measured by engineering platform capabilities, AI empowerment, and customer loyalty rather than just manufacturing capacity [2]

Core Viewpoint - The recent performance forecast for Jinbai Ze (301041) indicates a decline in net profit attributable to shareholders, which is seen as a temporary phase during the company's business upgrade process rather than a long-term trend [1][3] Group 1: Market Environment and Cost Factors - The increase in key raw material prices during the 2025 reporting period is a common industry issue, significantly impacting the cost structure of Jinbai Ze's mid-to-high-end products [1] - International precious metal prices have remained high, leading to increased costs for major raw materials such as gold salt, copper balls, and tin bars, which complicates the cost structure due to the demand for diverse, small-batch, and specialty materials [1] Group 2: Company Strategy and Investment - The profit fluctuations are attributed to proactive capability investments, with Jinbai Ze focusing on building its new business structure, including innovation services and digital platforms, which are currently in a ramp-up phase [2] - The company is enhancing its engineering capabilities from a "manufacturing experience-driven" model to a "manufacturing + service + platform" model, aiming to shorten the cycle from R&D validation to engineering delivery [2] - This shift in business model requires upfront investment, with benefits expected to materialize in the long term as demand in sectors like AI hardware and low-altitude economy grows [2] Group 3: Long-term Outlook - Market analysts believe that the current performance pressure on Jinbai Ze reflects the transitional phase of business model migration and capability upgrades, with expectations for improved operational performance and scalability in future industry cycles [3]

格隆汇1月23日丨金百泽(301041.SZ)公布，预计2025年归属于上市公司股东的净利润1,600万元–2,350万 元，比上年同期下降39.84%-59.04%，归属于上市公司股东的扣除非经常性损益后的净利润460万元–680 万元，比上年同期下降78.01%-85.12%。 报告期内，电子电路及相关电子产品创新领域整体竞争有所加剧，下游中小型创新企业经营环境偏紧， 研发投入和项目推进节奏放缓。公司主营业务主要聚焦于中高端样板、集成电子设计与制造服务IPDM 及电子电路全周期的科技创新服务，在当前所处行业大背景下，对公司当期经营形成阶段性影响。 ...

金百泽（301041）(301041.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润1600万 元–2350万元，同比下降39.84%-59.04%;归属于上市公司股东的扣除非经常性损益后的净利润460万元– 680万元，同比下降78.01%-85.12%。 ...

Core Viewpoint - Jinbai Ze (301041.SZ) has disclosed its performance forecast for the fiscal year 2025, indicating a significant decline in net profit attributable to shareholders [1] Financial Performance - The company expects net profit attributable to shareholders to be between 16 million and 23.5 million yuan, representing a year-on-year decrease of 39.84% to 59.04% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 4.6 million and 6.8 million yuan, reflecting a year-on-year decline of 78.01% to 85.12% [1]