证券代码：301123 证券简称：奕东电子 公告编号：2025-069 奕东电子科技股份有限公司 第三届董事会第一次会议决议公告 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。 一、董事会会议召开情况 奕东电子科技股份有限公司（以下简称"公司"）第三届董事会第一次会议于 2025年11月28日17:00在公司会议室以现场结合通讯方式召开。本次会议为紧急会议， 于2025年第三次临时股东会召开后以口头、电话方式向全体董事送达会议通知，召集 人已在会议上作出说明。本次董事会应出席董事5人，实际出席人数5人,其中董事邓可 以通讯方式出席会议并投票表决。全体董事一致同意推选邓玉泉先生主持本次会议,公 司高级管理人员列席了会议。本次董事会会议的通知、召开和表决程序符合《中华人 民共和国公司法》（以下简称《公司法》）等有关法律、行政法规、部门规章、规范 性文件及《奕东电子科技股份有限公司章程》（以下简称《公司章程》）的规定，会 议合法有效。 二、董事会会议审议情况 1、审议通过了《关于选举第三届董事会董事长的议案》 全体董事审议，同意选举邓玉泉先生为公司第三届董事会董事长 ...

深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 北京国枫（深圳）律师事务所 关于奕东电子科技股份有限公司 法律意见书 4．本法律意见书仅供贵公司本次会议之目的使用，不得用作任何其他用途。本所 律师同意将本法律意见书随贵公司本次会议决议一起予以公告。 国枫律股字[2025]C0140 号 致：奕东电子科技股份有限公司（贵公司） 北京国枫（深圳）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2025 年第三次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》（以下简称《证券法》）、《上市公司股东会规则》（以下简称《股东会 规则》）、《律师事务所从事证券法律业务管理办法》（以下简称《证券法律业务管理 办法》）、《律师事务所证券法律业务执业规则（试行）》（以下简称《证券法律业务 执业规则》）等相关法律、行政法规、规章、规范性文件及《奕东电子科技股份有限公 司章程》（以下简称《公司章程》）的规定，就本次会议的召集与召开程序、 ...

证券代码：301123 证券简称：奕东电子 公告编号：2025-071 奕东电子科技股份有限公司 关于选举职工代表董事的公告 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。 奕东电子科技股份有限公司（以下简称"公司"）于2025年11月28日召开职工代 表大会，选举张卫国先生（简历见附件）为公司第三届董事会职工代表董事，任期自 本次职工代表大会选举通过之日起至公司第三届董事会届满之日止。 上述职工代表董事符合《公司法》等规定的职工代表董事任职资格和条件。本次 选举完成后，公司董事会中兼任公司高级管理人员以及由职工代表担任的董事人数总 计不超过公司董事总数的二分之一。 特此公告。 2025年11月28日 1 附件：职工代表董事简历 张卫国先生：1970年出生，中国国籍，无永久境外居留权，毕业于香港亚洲商学 院，硕士学历（MBA）。张卫国于1989年1月至1998年3月任湖北省咸宁市物资局物资开 发公司经理；1998年4月至2019年12月历任东莞奕东营销总监、副总经理。2019年12月 至2025年11月任奕东电子副总经理。现任奕东电子职工代表董事。 截至本公告 ...

奕东电子科技股份有限公司 董事和高级管理人员离职管理制度 二○二五年十一月 第一章 总则 第二章 离职情形与程序 （一）董事任期届满未及时改选，或者董事在任期内辞任导致董事会 成员低于法定最低人数； （二）审计委员会成员辞任导致审计委员会成员低于法定最低人数， 或者欠缺担任召集人的会计专业人士； （三）独立董事辞任导致公司董事会或者专门委员会中独立董事所占 比例不符合法律法规或者公司章程规定，或者独立董事中欠缺会计专 - 1 - 第 1 条 为了规范奕东电子科技股份有限公司（以下简称"公司"）董事、高 级管理人员离职管理，保障公司治理稳定，维护公司和全体股东的合 法权益，依照《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、《上市公司治理准则》 《深圳证券交易所创业板股票上市规则》等法律法规、规范性文件和 《奕东电子科技股份有限公司章程》（以下简称《公司章程》）的相关 规定，制定本制度。 第 2 条 本制度适用于公司董事（含独立董事）、高级管理人员因任期届满、 辞职、被解除职务、退休或其他原因离职的情形。 第 3 条 董事可以在任期届满以前辞任。董事辞任应当向公 ...

证券代码：301123 证券简称：奕东电子 公告编号：2025-068 2、召开方式：现场投票和网络投票相结合的方式召开。 奕东电子科技股份有限公司 2025 年第三次临时股东会决议公告 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、本次股东会召开期间无增加、变更、否决议案的情况； 2、本次股东会未有涉及变更以往股东会已通过的决议； 3、本次股东会以现场投票和网络投票相结合的方式召开。 一、会议召开和出席情况 1、召集人：奕东电子科技股份有限公司（以下简称"公司"）董事会。 3、召开时间： （1）现场会议时间为：2025 年 11 月 28 日（星期五）下午 15:00； （2）网络投票时间为：2025 年 11 月 28 日。其中，通过深圳证券交易所交易系统 进行网络投票的具体时间为：2025 年 11 月 28 日的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025 年 11 月 28 日 9:15-15:00。 现场会议地点：广东省东莞市 ...

Group 1 - Institutional reports today issued 21 buy ratings involving 20 stocks, with Huafeng Aluminum receiving the highest attention with 2 buy ratings [1] - Among the stocks rated, 10 provided future target prices, with 7 stocks showing an upside potential exceeding 20%. China Pacific Insurance has the highest upside potential at 36.86% with a target price of 47.97 yuan [1] - The average increase for stocks with buy ratings today was 0.59%, outperforming the Shanghai Composite Index, with notable gainers including Spring Autumn Electronics and Aladdin [1] Group 2 - The power equipment industry is the most favored, with stocks like Putailai and Zhenyu Technology making the buy rating list. The pharmaceutical and electronics sectors also received attention with 4 and 3 stocks respectively [2] - A detailed list of stocks with institutional buy ratings includes China Pacific Insurance, Huafeng Aluminum, and others, with various target prices and latest closing prices provided [2]

Group 1 - Hekang New Energy's subsidiary received a government subsidy of 6 million yuan, accounting for 58.27% of the company's latest audited net profit attributable to shareholders [1] - Anhui Construction won two major EPC projects with a total bid price of 2.603 billion yuan [2] - Tianrun Dairy's wholly-owned subsidiary received a government subsidy of 7.9094 million yuan, representing 18.12% of the company's audited net profit for 2024 [2] Group 2 - Yunnan Gold's subsidiary obtained a mining license for the Xinxiao County Tanxi Tungsten Mine, with a production capacity of 990,000 tons per year [5][22] - Yanzhou Coal Energy plans to acquire 100% equity of a high-end support company for 345 million yuan [6] - Heng Rui Pharmaceutical received approval for multiple drug clinical trials, including Sulfate Amexitin tablets [8] Group 3 - Huazhi Jie plans to invest 157 million yuan to establish five wholly-owned subsidiaries to expand its global strategy [1] - Junting Hotel's controlling shareholder is planning a change of control, leading to a continued suspension of trading [4] - Funi Technology's shareholder plans to reduce its stake by up to 1.68% [10] Group 4 - Midea Group's subsidiary received a government subsidy of 6 million yuan, which is 58.27% of the company's latest audited net profit [1] - Hunan Gold's subsidiary obtained a mining license for tungsten, iron, and silver, with a production scale of 990,000 tons per year [5][22] - Xin Hua Pharmaceutical received approval for the listing application of Acetate Prednisone raw material [24][25] Group 5 - Zhejiang Pharmaceutical plans to spin off its subsidiary for a listing on the Hong Kong Stock Exchange [28] - Kesheng Technology plans to invest 61.2 million yuan to acquire 51% of Shenzhen Guanding [30] - Tian Shan Aluminum's 1.4 million tons electrolytic aluminum green low-carbon energy efficiency improvement project has commenced production [38]

Core Viewpoint - The company, Yidong Electronics, plans to acquire a 51% stake in Shenzhen Guanding Metal Technology Co., Ltd. for 61.2 million yuan, aiming to enhance its capabilities in the AI server liquid cooling sector [2][4]. Group 1: Acquisition Details - Yidong Electronics will use its own funds for the acquisition, which does not constitute a related party transaction or a major asset restructuring [2]. - The acquisition involves purchasing 31% of the shares from Liang Lizhuang for 37.2 million yuan, 10% from Lin Qiang for 12 million yuan, and another 10% from Lin Huoqiang for 12 million yuan, totaling 61.2 million yuan [2]. Group 2: Company Profile of Shenzhen Guanding - Shenzhen Guanding, established in 2012, specializes in AI computing liquid cooling solutions, with products like water cooling plates and immersion cooling modules [3]. - The company has notable clients including Nvidia, Meta, AMD, and Alibaba, indicating a strong market presence [3]. Group 3: Financial Performance - For the first eight months of 2025, Shenzhen Guanding reported revenues of 67.464 million yuan, a year-on-year increase of 40.83%, and a net profit of 5.5422 million yuan, marking a turnaround from a loss in 2024 [3]. - Yidong Electronics' subsidiary, Dongguan Keli Star Electronics, achieved revenues of 56.8593 million yuan in the same period, a significant increase of 688.87% year-on-year [3]. Group 4: Market Outlook - The rapid growth of global computing centers and AI industries positions Shenzhen Guanding as a key supplier in the liquid cooling sector, with expanding applications for its products [4]. - The acquisition is expected to enhance Yidong Electronics' customer resource complementarity and broaden its product matrix in liquid cooling solutions [4]. Group 5: Strategic Implications - The acquisition will allow Yidong Electronics to integrate advanced liquid cooling technologies and patents, reducing R&D cycles and enhancing competitiveness in the AI cooling market [6]. - The collaboration is anticipated to create synergies that will improve Yidong Electronics' market position and profitability in the AI and computing sectors [6].

Core Viewpoint - Yidong Electronics is expanding into the AI server liquid cooling sector through an investment in Shenzhen Guanding Metal Technology Co., Ltd, aiming to enhance its product offerings and market position in this rapidly growing industry [1][2]. Investment Details - Yidong Electronics plans to invest 61.2 million yuan to acquire a 51% stake in Shenzhen Guanding [1]. - The subsidiary, Dongguan Keli Star Electronics Co., Ltd, will increase its capital by 2.22 million yuan, while the original controlling shareholder of Shenzhen Guanding will invest 30 million yuan for a 10% stake in Keli Star [1]. Company Background - Shenzhen Guanding, established in 2012, specializes in AI computing liquid cooling solutions and is a key supplier for major clients like AVC, BOYD, and Hengyun Chang [1]. - The products are primarily used in AI servers, GPUs, and supercomputing centers, with applications in companies such as NVIDIA, Meta, AMD, Microsoft, and Intel [1]. Strategic Objectives - The acquisition is expected to broaden customer resources and enhance Yidong's liquid cooling product portfolio, allowing for quick entry into core application scenarios [2]. - The transaction aims to leverage the complementary strengths of both companies, enhancing Yidong's competitiveness in the liquid cooling sector and driving business expansion and profitability [2]. Financial Performance - Shenzhen Guanding reported revenues of 47.9 million yuan and 67.46 million yuan for the first eight months of 2024 and 2025, respectively, with a net profit of -846,200 yuan and 554,220 yuan [2]. - As of August 2025, Shenzhen Guanding's total assets were 85.26 million yuan, with a net asset value of 8.95 million yuan, leading to a post-investment valuation of 120 million yuan, reflecting a 1240.78% increase from its net assets [2]. Yidong Electronics' Performance - For the first three quarters of 2025, Yidong Electronics achieved revenues of 1.66 billion yuan, a year-on-year increase of 34.99%, and a net profit of 28.68 million yuan, up 68.39% [3]. - In Q3 2025, the company reported revenues of 650 million yuan, a 47.97% increase, with net profits growing significantly by 447.62% and 319.46% for net and non-net profits, respectively [3].

Investment Rating - The report maintains a "Buy-A" investment rating for the company, with a target price of 53.61 yuan per share based on a PS valuation method of 5.7 times for 2025 [4][7]. Core Insights - The company plans to invest 61.2 million yuan to acquire a 51% stake in Shenzhen Guanding Metal Technology Co., which specializes in AI server liquid cooling solutions. This acquisition aims to enhance the company's product offerings and market position in the liquid cooling sector [1][3]. - Shenzhen Guanding, established in 2012, is a leading supplier in the liquid cooling field, providing solutions for AI servers, GPUs, supercomputing centers, and data centers. Its products are utilized by major clients such as Nvidia, Meta, Microsoft, Google, Amazon, Alibaba, and ByteDance [2][3]. - The acquisition is expected to expand the company's customer base, reduce R&D cycles, and enhance its competitive edge in the liquid cooling market, which is projected to grow alongside the expansion of computing centers and AI applications [3]. Financial Projections - Revenue projections for the company are estimated at 2.207 billion yuan, 2.827 billion yuan, and 3.596 billion yuan for the years 2025, 2026, and 2027, respectively. Net profits are expected to be 42 million yuan, 133 million yuan, and 208 million yuan for the same years [4][12]. - The company anticipates a significant increase in revenue growth rates, with a projected growth of 29.0% in 2025, 28.1% in 2026, and 27.2% in 2027 [12][13].