Group 1 - The core point of the news is that Mankun Technology (301132) has seen a net financing increase of 174.9 million yuan on November 12, 2025, with a total financing balance of 1.26 billion yuan, indicating a positive market sentiment towards the stock [1][2][3] - Over the past three trading days, Mankun Technology has accumulated a total net buying of 359.21 million yuan, reflecting a strengthening bullish sentiment in the market [1][2] - The financing balance increased by 1.4% compared to the previous day, suggesting a growing interest from investors [3] Group 2 - The financing net buying on November 11, 2025, was 106.83 million yuan, and on November 10, it was 77.49 million yuan, indicating a consistent upward trend in investor activity [2][3] - The financing balance as a percentage of the circulating market value was 2.46% on November 12, 2025, which is consistent with the previous day, showing stability in investor confidence [2] - There were no short selling transactions on the same day, indicating a lack of bearish sentiment in the market [1]

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于吉安满坤科技股份有限公司 2025 年第二次临时股东会的 法律意见书 国枫律股字[2025]A0517 号 致：吉安满坤科技股份有限公司（贵公司） 北京国枫律师事务所（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 年第二次临时股东会（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《吉安满坤科技股份 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、 召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律 ...

证券代码：301132 证券简称：满坤科技 公告编号：2025-3003 吉安满坤科技股份有限公司 2025 年第二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、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、吉安满坤科技股份有限公司（以下简称"公司"）于 2025 年 10 月 31 日（星期五）下午 14:50 在深圳市南山区粤海街道高新区社区高新南一道 009 号 中科研发园三号楼 22-A 公司会议室以现场投票与网络投票相结合的方式召开了 2025 年第二次临时股东会现场会议。其中，通过深圳证券交易所（以下简称"深 交所"）交易系统进行网络投票的具体时间为：2025 年 10 月 31 日 9:15-9:25、 9:30-11:30、13:00-15:00；通过深交所互联网投票系统投票的具体时间为：2025 年 10 月 31 日 9:15-15:00 期间的任意时间。本次股东会由公司董事会召集，会议 主持人为公司董事长洪俊城先生。 本次股东会符合《 ...

Core Viewpoint - Mankun Technology, established in 2008 and listed in 2022, is a competitive manufacturer of printed circuit boards (PCBs) in China, with strong R&D and production capabilities [1] Group 1: Business Performance - In Q3 2025, Mankun Technology achieved a revenue of 1.223 billion yuan, ranking 30th among 44 companies in the industry, while the industry leader, Dongshan Precision, reported revenue of 27.071 billion yuan [2] - The main business, PCB, generated revenue of 681 million yuan, accounting for 89.68% of total revenue, while other businesses contributed 78.384 million yuan, or 10.32% [2] - The net profit for the same period was 102 million yuan, placing the company 22nd in the industry, with the top performer, Shenghong Technology, reporting a net profit of 3.245 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Mankun Technology's debt-to-asset ratio was 38.90%, an increase from 29.54% year-on-year, and lower than the industry average of 44.70% [3] - The company's gross profit margin was 19.03%, slightly down from 19.17% year-on-year, and below the industry average of 20.58% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 33.52% to 16,300, while the average number of circulating A-shares held per shareholder increased by 209.62 to 5,811.22 [5] - The top ten circulating shareholders saw a change, with Dazhong Zhongzheng 360 Internet + Index A exiting the list [5] Group 4: Executive Compensation - The chairman and general manager, Hong Juncheng, received a salary of 1.1347 million yuan in 2024, an increase of 45,000 yuan from 2023 [4]

Core Viewpoint - Mankun Technology (301132.SZ) reported significant growth in its Q3 2025 financial results, indicating strong performance driven by industry opportunities and strategic enhancements in production and product structure [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 463 million yuan, representing a year-on-year increase of 38.81% [1] - The net profit for Q3 2025 was 38.798 million yuan, showing a year-on-year growth of 18.60% [1] - For the first three quarters of 2025, the total operating revenue reached 1.223 billion yuan, which is a 34.21% increase compared to the same period last year [1] - The net profit for the first three quarters was 102 million yuan, reflecting a year-on-year increase of 42.36% [1] Growth Drivers - The revenue growth is attributed to the company's ability to seize industry development opportunities, steadily enhance production capacity, and continuously optimize product and customer structures [1]

Group 1 - The core viewpoint of the article highlights the strong financial performance of Mankun Technology in Q3 2025, with significant year-on-year growth in revenue and net profit [1] - Mankun Technology reported revenue of approximately 1.223 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 34.21% [1] - The net profit attributable to shareholders of the listed company was approximately 102 million yuan, showing a year-on-year increase of 42.36% [1] - The basic earnings per share reached 0.69 yuan, reflecting a year-on-year increase of 40.82% [1] Group 2 - As of the report, Mankun Technology has a market capitalization of 5.5 billion yuan [2] - The A-share market has recently surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology stocks leading the way [2]

证券代码：301132 证券简称：满坤科技 公告编号：2025-1033 关于 2025 年前三季度计提资产减值准备的公告 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。 吉安满坤科技股份有限公司 一、本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 吉安满坤科技股份有限公司（以下简称"公司"）根据《深圳证券交易所创 业板股票上市规则》《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》《企业会计准则》等法律法规以及公司相关会计政策的规定， 为更加公允、客观、真实地反映公司的财务状况、资产价值及经营情况，基于谨 慎性原则，公司对合并报表范围内截至 2025 年 9 月 30 日的各类资产进行了全面 检查和减值测试，并对其中存在减值迹象的资产相应计提了减值准备。本次计提 减值无需提交公司董事会或股东会审议。 证券代码：301132 证券简称：满坤科技 公告编号：2025-1033 （一）应收账款、其他应收款的预期信用损失的确定方法及会计处理方法 （二）本次计提资产减值准备的资产范围、总金额 公司及子公司对 2025 年 9 ...

Revenue and Profitability - Revenue for the third quarter reached ¥462,813,224, representing a 38.81% increase year-over-year, while year-to-date revenue totaled ¥1,222,603,591, up 34.21% compared to the same period last year[4] - Net profit attributable to shareholders for the third quarter was ¥38,798,066, an 18.60% increase year-over-year, with a year-to-date net profit of ¥102,041,915, reflecting a 42.36% increase[4] - The basic earnings per share for the third quarter was ¥0.26, an 18.18% increase, while the diluted earnings per share also stood at ¥0.26, with a year-to-date figure of ¥0.69, up 40.82%[4] - Total operating revenue for the current period reached ¥1,222,603,590.76, a significant increase from ¥910,937,136.32 in the previous period, representing a growth of approximately 34.2%[28] - Net profit for the current period was ¥102,041,836.97, compared to ¥71,679,643.98 in the previous period, reflecting an increase of approximately 42.3%[29] - Earnings per share (EPS) for the current period was ¥0.69, up from ¥0.49 in the previous period, marking a growth of 40.8%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,972,161,758, a 6.82% increase from the end of the previous year, while total equity attributable to shareholders was ¥1,815,865,431, up 2.62%[4] - Total assets increased to ¥2,972,161,757.67 from ¥2,782,530,223.69, showing a growth of about 6.8%[27] - Total liabilities rose to ¥1,156,292,680.70, compared to ¥1,013,011,716.76, which is an increase of approximately 14.1%[27] - The company's equity attributable to shareholders reached ¥1,815,865,430.68, up from ¥1,769,514,957.00, indicating a growth of around 2.6%[27] Cash Flow - Cash flow from operating activities showed a net amount of ¥36,867,643, which is a significant decrease of 54.43% year-over-year[4] - Operating cash inflow for the current period reached ¥1,051,011,674.09, a significant increase of 32.8% compared to ¥791,285,927.54 in the previous period[31] - Net cash flow from operating activities decreased to ¥36,867,643.11, down 54.5% from ¥80,895,095.92 in the previous period[31] - Cash inflow from investment activities reached CNY 1,618,880,627.63, a significant increase of 910.84% from CNY 160,151,227.61, driven by increased frequency of financial product purchases and redemptions[14] - Cash outflow for investments surged to CNY 1,896,334,037.33, up 686.22% from CNY 241,197,427.52, also due to increased financial product transactions[14] - The net cash flow from investment activities was negative at CNY -277,453,409.70, an increase in loss of 242.34% compared to CNY -81,046,199.91 in the previous period[14] - Cash inflow from financing activities amounted to ¥70,000,000.00, compared to ¥63,892,473.07 in the previous period[32] - Net cash flow from financing activities decreased to -¥39,931,627.57, compared to -¥34,277,145.41 in the previous period[32] - The ending balance of cash and cash equivalents was ¥478,869,585.01, down from ¥754,900,717.33 in the previous period[32] Shareholder Information - Total number of common shareholders at the end of the reporting period was 16,302, with no preferred shareholders having restored voting rights[15] - The largest shareholder, Hong Gengqi, holds 16.88% of shares, totaling 25,000,000 shares, with 18,750,000 shares under lock-up conditions[15] - The second-largest shareholder, Hong Nashan, owns 13.51% of shares, totaling 20,000,000 shares, with 15,000,000 shares under lock-up conditions[15] - The company has a family-controlled structure, with significant ownership concentrated among the Hong family members[16] - The company has released a total of 102,079,122 shares from lock-up, which may impact stock liquidity and market dynamics[19] Investments and Future Plans - The company plans to invest up to $70 million in establishing a new production base in Thailand, with the investment amount subject to approval by Chinese and local authorities[20] - The company has approved a plan to issue convertible bonds to raise up to ¥760 million, with net proceeds intended for projects in Thailand and digital upgrades[24] - The company has completed the establishment of its Thai subsidiary and is progressing with the construction preparations for the new factory[20] Inventory and Expenses - The company reported a 52.38% increase in inventory, totaling ¥233,724,958, primarily due to increased material reserves and ramp-up capacity of the third factory project[9] - Research and development expenses were ¥46,243,142.44, slightly up from ¥45,683,560.33, reflecting a focus on innovation[28] - The company’s financial expenses decreased by 45.94% to -¥7,974,265, attributed to reduced interest income from raised funds[11] - The company experienced an 82.61% decline in investment income, amounting to ¥831,628, due to the disposal of a subsidiary in the previous period[11] - The company’s cash and cash equivalents decreased by 37.32% to ¥526,750,289, mainly due to significant payments from raised funds during the period[9] - The company’s deferred income increased by 39.80% to ¥55,187,366, reflecting additional government subsidies related to assets[9] - The company reported an increase in accounts receivable to approximately ¥569.83 million from ¥474.92 million, suggesting growth in sales[25]

Core Viewpoint - The company is actively addressing potential trade friction impacts by enhancing its global supply chain resilience and expanding its international presence [1]. Group 1: Company Response to Trade Friction - The company indicated that its revenue from direct exports to the U.S. is relatively low, which mitigates the immediate impact of potential tariffs [1]. - The company is closely monitoring changes in the international trade environment and maintaining communication with customers to collaboratively respond to challenges [1]. - To systematically reduce the potential impact of trade friction on operations, the company is advancing its internationalization strategy, including establishing a production base in Thailand and increasing efforts to explore other international markets [1].

Core Insights - The company, Mankun Technology (301132.SZ), has confirmed that its circuit boards supplied to Hikvision's robots are of medium to high technical level within the industry [2] - The company is actively pursuing development and collaboration with other clients in the robotics sector [2]