Core Viewpoint - Yidong Electronics Technology Co., Ltd. disclosed the completion of a share reduction plan by its controlling shareholder and concerted actors, with a total of 6.9074 million shares reduced, accounting for 2.94% of the total share capital, which is close to the original planned reduction limit [1][2]. Share Reduction Plan Execution - The reduction plan was pre-disclosed on September 16, 2025, with a maximum reduction of 691.68 million shares planned over three months, starting 15 trading days after the announcement. The actual reduction was 690.74 million shares, aligning closely with the original plan [2][3]. Shareholder Reduction Details - The reduction was executed through centralized bidding and block trading, with the following details: - Centralized bidding from December 9 to December 17, 2025, with an average price of 46.93-47.18 CNY per share for 2,346,200 shares (1.00% of total share capital) - Block trading from December 8 to December 25, 2025, with an average price of 45.80-50.32 CNY per share for 4,561,184 shares (1.94% of total share capital) [3][4]. Shareholder Reduction Breakdown - The largest reduction was by Mr. Wang Gang, who reduced 4.0533 million shares (1.73% of total share capital), with 1.3994 million shares through centralized bidding and 2.6539 million shares through block trading. Other partners also reduced their holdings, with varying amounts [4][5]. Changes in Shareholding Proportions - Following the reduction, the combined shareholding of the controlling shareholder and concerted actors decreased from 65.99% to 64.05%, maintaining absolute control over the company [5][6]. Impact Analysis - The reduction was stated to be a normal behavior based on "personal funding needs" and is not expected to significantly impact the company's governance structure or operational capabilities. The completion of the reduction plan is anticipated to alleviate short-term selling pressure on the company's stock [6][7]. Market Perception - The block trading occurred at relatively high average prices, indicating institutional investors' recognition of the company's long-term value. The controlling shareholders still hold 64.05% of the shares, providing a stable ownership structure for future development [7].

每经AI快讯，奕东电子1月16日晚间发布公告称，公司股东王刚、奕孚投资、奕安投资、奕萃投资、奕 合投资减持计划实施完毕，共减持公司股份约691万股，减持股份占公司总股份为2.94%。 每经头条（nbdtoutiao）——白银50天涨逾80%，疯狂程度远超黄金，历史上爆炒白银往往预示贵金属 牛市已到高潮，这次有何不同？ （记者 贾运可） ...

人及其一致行动人的合计持股比例由 66.99%变动为 65.99%。 证券代码：301123 证券简称：奕东电子 公告编号：2026-003 奕东电子科技股份有限公司 关于控股股东、实际控制人的一致行动人减持计划期限 届满暨减持结果的公告 公司控股股东、实际控制人的一致行动人王刚先生、宁波奕孚股权投资合伙企业(有 限合伙)、宁波奕安股权投资合伙企业(有限合伙)、宁波奕萃股权投资合伙企业(有限合 伙)、宁波奕合股权投资合伙企业(有限合伙)保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 奕东电子科技股份有限公司（以下简称"公司"）于 2025 年 9 月 16 日在巨 潮资讯网披露了《关于控股股东、实际控制人的一致行动人减持股份的预披露公 告》（公告编号：2025-052），公司控股股东、实际控制人的一致行动人王刚先 生、宁波奕孚股权投资合伙企业(有限合伙)（原：东莞奕孚投资咨询企业（有限 合伙））、宁波奕安股权投资合伙企业(有限合伙)（原：东莞奕宁投资咨询企业 （有限合伙））、宁波奕萃股权投资合伙企业(有限合 ...

招商证券股份有限公司 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为奕东 电子科技股份有限公司（以下简称"奕东电子"或"公司"）持续督导的保荐机 构，根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》的要 求，对奕东电子进行了 2025 年度持续督导培训，现将培训情况报告如下： 一、本次持续督导培训的基本情况 （二）保荐代表人：章毅、刘光虎 （三）持续督导专员：林宸 关于奕东电子科技股份有限公司 2025 年度持续督导培训的报告 （一）保荐机构：招商证券股份有限公司 2 （四）培训时间：2025 年 12 月 30 日 （五）培训地点：奕东电子科技股份有限公司二楼会议室、腾讯会议 （六）培训人员：章毅、林宸 （七）培训对象：奕东电子控股股东及实际控制人、董事、高级管理人员、 部分中层管理人员 二、本次持续督导培训的主要内容 根据《深圳证券交易所创业板股票上市规则（2025 年修订）》、《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作（2025 年修 订）》、《上市公司治理准则》、《上市公司募集资金监管规则》等的相关要求，对 公司治理、募集资金的管理和使 ...

Group 1 - The core point of the news is that Yidong Electronics has experienced a decline in stock price, dropping 5.03% to 66.24 CNY per share, with a total market capitalization of 15.543 billion CNY [1] - Yidong Electronics has seen its stock price fall for three consecutive days, with a cumulative decline of 5.37% during this period [1] - The company, founded in May 1997 and listed in January 2022, specializes in the research, production, and sales of precision electronic components, including FPC, connector components, and LED backlight modules [1] Group 2 - According to data from the top ten holdings of funds, Changcheng Fund holds a significant position in Yidong Electronics, with its Changcheng Steady Growth Mixed A Fund (200016) owning 58,300 shares, representing 4.11% of the fund's net value [2] - The fund has incurred a floating loss of approximately 204,600 CNY today, with a total floating loss of 230,900 CNY during the three-day decline [2] - The Changcheng Steady Growth Mixed A Fund was established in August 2012 and has a current scale of 61.4456 million CNY, with a year-to-date return of 2.84% [2]

Core Insights - The automotive PCB industry is experiencing significant growth, with the global market size projected to increase from $6.457 billion in 2020 to $9.195 billion by 2024, representing a compound annual growth rate (CAGR) of 9.2% [2] - China, as the largest automotive producer and consumer, is expected to see its automotive PCB market reach approximately 22.27 billion yuan in 2024, growing by 4.3% year-on-year, driven by the rapid advancement of electric vehicles and smart automotive technologies [2] Industry Overview - Printed Circuit Boards (PCBs) are essential components in various sectors, including automotive, consumer electronics, industrial, medical, and military applications [4] - In the automotive sector, PCBs must exhibit excellent electrical performance and reliability, with rigorous testing for high-temperature aging, low-temperature shock, and thermal cycling [8] - The automotive PCB market is characterized by a shift towards high-end products, with increasing demand for advanced technologies such as ADAS and electric vehicle components [2][4] Market Dynamics - The automotive PCB market is expected to expand further, reaching $9.712 billion in 2025, with a year-on-year growth of 5.6% [2] - The competitive landscape is evolving, with a tiered structure where international giants dominate high-end markets while Chinese companies focus on mid-range segments [2] - Key competitors in the automotive PCB space include companies like Huada Technology, Shennan Circuit, and Jinko Electronics, with market shares of 3.7%, 2.3%, and 4.1% respectively in 2024 [2][3] Application and Characteristics - Automotive PCBs are categorized into flexible PCBs, rigid PCBs, thick copper PCBs, multilayer PCBs, and HDI boards, each serving different applications based on their material properties [5] - Key features required for automotive PCBs include durability, lightweight design, high current carrying capacity, and thermal resistance, which are critical for various automotive applications such as battery management systems and electronic control units [5][8] Industry Supply Chain - The automotive PCB supply chain consists of upstream raw materials (electrolytic copper, wood pulp, fiberglass, synthetic resins), midstream manufacturing, and downstream applications in traditional and electric vehicles [6][7] - The manufacturing process is capital and technology-intensive, with high barriers to entry due to the lengthy certification processes required by automotive manufacturers [6]

证券之星消息，1月8日消费电子板块较上一交易日下跌1.55%，奕东电子领跌。当日上证指数报收于 4082.98，下跌0.07%。深证成指报收于13959.48，下跌0.51%。消费电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300136 | 信维通信 | 76.20 | 13.71% | 168.69万 | | 120.65亿 | | 300322 | 硕贝德 | 31.70 | 10.72% | 124.03万 | | 37.42亿 | | 300647 | 超频三 | 7.25 | 6.93% | 92.70万 | | 6.86亿 | | 300868 | 本美特 | 34.51 | 5.21% | 4.82万 | | 1.66亿 | | 603052 | 可川科技 | 42.00 | 3.93% | 21.72万 | | 260.6 | | 301329 | 信音电子 | 24.05 | 3.66% | 10.72万 | | 2.55亿 | | ...

Group 1 - The stock price of Yidong Electronics fell by 5.03% to 70.00 CNY per share, with a trading volume of 9.54 billion CNY and a turnover rate of 8.09%, resulting in a total market capitalization of 16.425 billion CNY [1] - Yidong Electronics, established on May 14, 1997, is located in Dongguan, Guangdong Province, and specializes in the R&D, 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] Group 2 - Changcheng Fund has one fund heavily invested in Yidong Electronics, specifically the Changcheng Steady Growth Mixed A Fund (200016), which held 58,300 shares, accounting for 4.11% of the fund's net value, ranking as the seventh largest holding [2] - The estimated floating loss for the fund today is approximately 216,300 CNY [2] - The Changcheng Steady Growth Mixed A Fund was established on August 2, 2012, with a latest scale of 61.4456 million CNY, and has achieved a year-to-date return of 2.96%, ranking 4669 out of 8825 in its category [2]

Core Viewpoint - The liquid cooling market is experiencing rapid growth, driven by the expansion of downstream industries such as computing power, renewable energy storage, and electric vehicles, indicating a significant future development potential [1] Market Growth Potential - According to Guohai Securities, the liquid cooling market for Nvidia GPUs is expected to reach $11.9 billion by 2026, while the ASIC liquid cooling market is projected to reach $4.6 billion, leading to an overall data center liquid cooling market size of approximately $16.5 billion (around 116.2 billion RMB) [1] - The compound annual growth rate (CAGR) for the liquid cooling market is estimated to be around 59% from 2025 to 2026 [1] Stock Market Performance - In the A-share market, several listed companies have entered the liquid cooling supply chain, becoming crucial support for global AI computing power cooling [1] - As of January 7, liquid cooling concept stocks have averaged a rise of 79.73% since 2025, significantly outperforming the Shanghai Composite Index during the same period [1] - A total of 26 concept stocks have doubled in value, with companies such as Chunzong Technology, Siquan New Materials, Yidong Electronics, Hongsheng Co., and Yingweike seeing increases of over 200% [1]

Core Viewpoint - The report from Zhongyou Securities highlights that Yidong Electronics is leveraging multiple business lines to strategically position itself in high-growth areas, particularly in FPC, connectors, and LED backlight modules [1] Group 1: Business Operations - The company primarily engages in the research, production, and sales of precision electronic components, including FPC, connectors, and LED backlight modules [1] - In the robotics sector, Yidong Electronics has collaborated with leading global clients to develop various FPC products over the past two years, which are essential for the reliability required in complex motion scenarios of embodied intelligent robots [1] Group 2: Market Opportunities - The demand for FPC is expected to grow rapidly as the commercialization of compact humanoid robots accelerates, driven by the superior bending performance, signal transmission stability, and miniaturized design of FPC [1] - In the AI smart terminal sector, the company's FPC products have been applied in well-known brand panoramic cameras and are being shipped in bulk [1] Group 3: Strategic Moves - The company plans to acquire a 51% stake in Shenzhen Guanding to strengthen its layout in AI server liquid cooling technology [1] - The initial coverage of the company has been rated as "Buy" [1]