证券代码：301123 证券简称：奕东电子 公告编号：2025-061 奕东电子科技股份有限公司 第二届监事会第二十五次会议决议公告 本公司及监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、监事会会议召开情况 1.奕东电子科技股份有限公司（以下简称"公司"）第二届监事会第二十五次会 议的通知于2025年11月7日通过电话、邮件、专人送达等形式发出。 2.本次监事会会议于2025年11月11日在公司会议室以现场方式召开。 3.本次监事会会议应出席监事3名，实际出席3名。 4.本次监事会会议由监事会主席花边英女士主持，董事会秘书列席了会议。 5.本次监事会会议的通知、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》）的有关规定，会议合法有效。 二、监事会会议审议情况 1、审议通过了《关于变更公司注册资本、修订<公司章程>并办理工商变更登记的 议案》 与会监事认真审阅了《公司章程》修订的相关材料，认为：本次注册资本变更及 对《公司章程》的修订符合公司的实 ...

证券代码：301123 证券简称：奕东电子 公告编号：2025-060 奕东电子科技股份有限公司 第二届董事会第二十八次会议决议公告 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 1.奕东电子科技股份有限公司（以下简称"公司"）第二届董事会第二十八次会 议的通知于2025年11月7日通过电话、电子邮件、专人送达等方式发出。 2.本次董事会会议于2025年11月11日在公司会议室以现场结合通讯方式召开。 3.本次董事会会议应参加会议董事5名，实际参加会议董事5名。 4.本次董事会会议由董事长邓玉泉先生主持，公司监事、高级管理人员列席了会 议。 5.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》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《关于变更公司注册资本、修订<公司章程>并办理工商变更登记的 议案》 公司董事认真审议了《关于变更公司注册资本、修订<公司章程>并办理工商变更 登记的议案》。鉴于公司 ...

Core Insights - TE Connectivity's visit to Yidong Electronics highlights the latter's growing importance in the AI computing supply chain [2] - The meeting focused on the surging demand for connectors and key components driven by the explosive growth of AI computing devices [2] - TE Connectivity anticipates continued high growth, particularly in the AI smart devices and data center connector sectors [2] Group 1: Company Developments - TE Connectivity has achieved significant growth in recent years, especially in the demand for high-speed connectors and related components for AI devices [2] - The company plans to expand its manufacturing capabilities not only in mainland China but also in overseas locations, with the Philippines set to become its largest production base outside of China [2] - TE Connectivity's DND division aims to enhance support for its suppliers' overseas factories, emphasizing collaboration with Yidong Electronics on new product development and capacity expansion [2]

Core Insights - The stock of Yidong Electronics increased by 1.98% on November 6, with a trading volume of 249 million yuan [1] - The company reported a significant year-on-year revenue growth of 34.99% for the first nine months of 2025, reaching 1.66 billion yuan [2] - Yidong Electronics has a high financing balance, accounting for 2.11% of its market capitalization, indicating strong investor interest [1] Financing and Margin Trading - On November 6, Yidong Electronics had a financing buy-in amount of 21.81 million yuan, with a net buy of 481,600 yuan after repayments [1] - The total financing and margin trading balance reached 221 million yuan, which is above the 90th percentile level over the past year [1] - There were no short sales or repayments on the same day, indicating a lack of bearish sentiment among investors [1] Company Performance - As of September 30, 2025, Yidong Electronics had 21,000 shareholders, an increase of 3.39% from the previous period [2] - The average number of circulating shares per shareholder decreased by 31.66% to 7,845 shares [2] - The company has distributed a total of 210 million yuan in dividends since its A-share listing, with 140 million yuan in the last three years [3] Shareholder Composition - As of September 30, 2025, Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 6.43 million shares as a new investor [3]

Core Points - Yidong Electronics experienced a decline of 5.01% on November 4, with a stock price of 43.83 CNY per share and a trading volume of 242 million CNY, resulting in a total market capitalization of 10.284 billion CNY [1] Company Overview - Yidong Electronics Technology Co., Ltd. is located in Dongguan City, Guangdong Province, and was established on May 14, 1997. The company was listed on January 25, 2022. Its main business involves the research, production, and sales of precision electronic components, including FPC, connector components, and LED backlight modules [1] - The revenue composition of Yidong Electronics is as follows: connector components 44.81%, FPC 37.47%, other 10.01%, and LED backlight modules 7.72% [1] Fund Holdings - Dongwu Fund has one fund heavily invested in Yidong Electronics. The Dongwu Double Triangle Stock A (005209) held 98,000 shares in the third quarter, accounting for 4.83% of the fund's net value, making it the second-largest holding [2] - The Dongwu Double Triangle Stock A (005209) was established on December 5, 2017, with a latest scale of 23.4891 million CNY. Year-to-date returns are 44.82%, ranking 884 out of 4216 in its category, while the one-year return is 39.65%, ranking 1158 out of 3896 [2] - The fund manager, Chen Weibin, has been in the position for 246 days, with a total asset scale of 93.409 million CNY. The best fund return during his tenure is 30.57%, and the worst is 30.15% [2]

Core Insights - Yidong Electronics reported a revenue of 1.66 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 35.0% [1] - The company's net profit attributable to shareholders reached 28.68 million yuan, up 68.4% year-on-year [1] - The net profit after deducting non-recurring items was 20.13 million yuan, reflecting a year-on-year growth of 77.4% [1] Company Developments - Senior management from Amphenol, a global leader in connector solutions, visited Yidong Electronics' headquarters in Dongguan [1] - The discussions focused on three core areas: liquid-cooled optical modules (CAGE), air-cooled heat sinks, and high-speed communication connectors [1] - The meeting aimed to explore technology iteration directions and product optimization paths in line with industry trends and customer needs [1]

Core Insights - The visit of Amphenol's senior management to Yidong Electronics' headquarters focused on three key areas: liquid cooling optical modules CAGE, air-cooled heat sinks, and high-speed communication connectors [1][2] - The collaboration aims to address the increasing power demands driven by AI computing, emphasizing the importance of liquid cooling solutions [1] - Both companies recognized the need for customized solutions in the high-end air-cooled heat sink market and the growing performance requirements for communication connectors [1] Group 1: Liquid Cooling Optical Modules CAGE - The demand for liquid cooling solutions is rising due to the explosion of AI computing power, with Yidong Electronics showcasing its manufacturing advantages in precision structural components [1] - The company is committed to optimizing the compatibility of connectors with liquid cooling systems to meet high-end market demands [1] Group 2: Air-Cooled Heat Sinks - Air-cooled heat sinks remain a core component in optical modules CAGE and will be expanded into the high-end market to meet diverse customer needs [1] Group 3: High-Speed Communication Connectors - The performance requirements for communication connectors are increasing due to the rapid growth in AI computing and data center applications, focusing on signal integrity, reliability, and environmental resistance [1] Group 4: Overseas Expansion - Both companies reached a strategic consensus on overseas expansion, particularly in the liquid cooling sector, discussing market trends and production capabilities in Vietnam [2] - Yidong Electronics shared its local production experience in Southeast Asia and plans for future production layouts in Vietnam, aiming to enhance service capabilities for liquid cooling optical modules CAGE and high-speed communication connectors [2]

Core Viewpoint - Yidong Electronics is a leading company in precision electronic components, with a diverse product range and a strong position in the industry, having been established in 1997 and listed on the Shenzhen Stock Exchange in 2022 [1] Business Performance - For Q3 2025, Yidong Electronics reported revenue of 1.66 billion yuan, ranking 38th out of 88 in the industry, with the top two competitors being Industrial Fulian at 63.93 billion yuan and Luxshare Precision at 22.09 billion yuan [2] - The net profit for the same period was 27.34 million yuan, ranking 56th in the industry, with the leading competitors' net profits being 22.52 billion yuan and 12.73 billion yuan respectively [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 27.01%, an increase from 21.69% year-on-year, which is significantly lower than the industry average of 44.84% [3] - The gross profit margin was 16.25%, up from 15.42% year-on-year, but still below the industry average of 19.47% [3] Executive Compensation - The chairman, Deng Yuquan, received a salary of 1.4788 million yuan in 2024, an increase of 355,700 yuan from 2023 [4] - The general manager, Deng Ke, earned 1.4216 million yuan in 2024, up by 213,000 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 3.39% to 21,000, while the average number of circulating A-shares held per shareholder decreased by 31.66% to 7,845.3 [5] - The company’s revenue grew from 1.175 billion yuan in 2020 to 1.71 billion yuan in 2024, with a compound annual growth rate (CAGR) of 9.83% [5] Business Highlights - In Q2 2025, the company achieved revenue of 568 million yuan, a year-on-year increase of 41.96%, and a net profit of 11.18 million yuan, up 190.94% year-on-year, indicating a potential turning point in performance [5] - The company has begun mass shipments of liquid cooling structural components and is advancing collaborative designs and production capabilities in connector and cooling solutions [5] - For 2025 to 2027, net profit forecasts are 21 million yuan, 85 million yuan, and 141 million yuan respectively, with corresponding earnings per share (EPS) of 0.09, 0.36, and 0.60 yuan [5] Revenue and Profit Trends - In H1 2025, the company reported revenue of 1.009 billion yuan, a year-on-year increase of 27.77%, while net profit decreased by 74.52% to 6 million yuan [6] - The growth in revenue is attributed to increased sales in high-speed communication connectors, AI computing chip liquid cooling structural components, and new application flexible printed circuits (FPC) [6] - Revenue projections for 2025 to 2027 are 2.207 billion yuan, 2.827 billion yuan, and 3.596 billion yuan, with net profits of 42 million yuan, 133 million yuan, and 208 million yuan respectively [6]

Core Viewpoint - The consumer electronics sector experienced a decline of 2.94% on October 30, with Longyang Electronics leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] - Major stocks in the consumer electronics sector showed varied performance, with notable gainers including XW Communication (+7.41%) and Chunqiu Electronics (+3.51%) [1] Group 2: Stock Performance - Longyang Electronics saw a significant decline of 9.58%, closing at 58.50 [2] - Other notable decliners included Yabo Xuan (-8.32%) and Anker Innovation (-8.29%) [2] Group 3: Capital Flow - The consumer electronics sector experienced a net outflow of 5.992 billion yuan from main funds, while retail investors saw a net inflow of 4.374 billion yuan [2][3] - The capital flow data indicates that while main funds exited, retail investors were actively buying into the sector [3]

Core Viewpoint - The consumer electronics industry in A-shares is experiencing robust growth, with many companies reporting significant increases in revenue and profit for the third quarter of 2023, indicating a favorable investment environment [1] Group 1: Company Performance - 39 listed companies in the consumer electronics sector have released their Q3 2025 reports, with 29 companies showing year-on-year revenue growth [1] - Shenzhen Heertai Intelligent Control Co., Ltd. reported Q3 revenue of 2.824 billion yuan, a 14.25% increase year-on-year, and a net profit of 249 million yuan, up 58.35% [2] - Huizhou Shuo Beid Wireless Technology Co., Ltd. achieved Q3 revenue of 782 million yuan, a 53.05% increase, with net profit soaring by 3052.98% to 17.17 million yuan [2] - Zhejiang Dongni Electronics Co., Ltd. reported Q3 revenue of 618 million yuan, a 2.51% increase, and a net profit of 26.61 million yuan, up 11.10% [3] Group 2: Strategic Expansion - Many consumer electronics companies are diversifying their business into emerging fields such as new energy vehicles and artificial intelligence, leveraging their R&D and product matrix advantages [4] - Dongni Electronics noted significant growth in net profit due to increased gross margins in its new energy business [4] - Yidong Electronics is developing flexible printed circuit board products for the embodied robotics sector and expanding applications in OLED displays and automotive displays [4] - Heertai is producing various smart products, including AI toys and smart home systems, enhancing product value and application in smart appliances and health care [4] Group 3: Market Opportunities - The consumer electronics sector has broad development potential, with companies utilizing their hardware R&D and supply chain management capabilities to expand into new markets [5] - Companies can upgrade existing products and develop targeted new products based on market demand characteristics [5] - Existing sales channels and brand influence can enhance market competitiveness during expansion efforts [5]