（文章来源：证券日报） 证券日报网讯金禄电子11月17日在互动平台回答投资者提问时表示，公司PCB可应用于智能电网领域， 暂未应用于风电领域。 ...

每经AI快讯，有投资者在投资者互动平台提问：公司在智能电网、风电领域有产品布局跟投资产业链 吗？ （文章来源：每日经济新闻） 金禄电子（301282.SZ）11月17日在投资者互动平台表示，公司PCB可应用于智能电网领域，暂未应用 于风电领域。 ...

金禄电子（301282.SZ）11月17日在投资者互动平台表示，公司暂未涉及先进封装领域。 （记者 王瀚黎） 每经AI快讯，有投资者在投资者互动平台提问：公司在先进封装领域有布局？ ...

人民财讯11月17日电，金禄电子（301282）11月17日在互动平台表示，公司专业从事印制电路板(PCB) 的研发、生产与销售，暂未涉及半导体和芯片和先进封装领域。 ...

Core Insights - The Ministry of Industry and Information Technology (MIIT) is seeking public opinion on the management measures for the printed circuit board (PCB) industry, focusing on eliminating outdated capacity, encouraging technological innovation, and clarifying technical indicators to promote high-end, green, and intelligent development of the industry [1][4]. Market Expansion - The PCB market is experiencing significant expansion driven by AI demand, with high-end product output value increasing substantially [2][3]. - According to Prismark, the output value of high-layer boards (18 layers and above) and HDI boards is expected to grow by 40.3% and 18.8% year-on-year in 2024, respectively, fueled by strong demand from AI servers and high-speed networks [3]. Industry Performance - In the first three quarters of the year, the PCB industry in the A-share market, comprising 44 listed companies, reported a total revenue of 216.19 billion yuan, a year-on-year increase of 25.36%, and a net profit attributable to shareholders of 20.86 billion yuan, up 62.15% [4]. - Notably, 75% of the companies reported a year-on-year increase in net profit, with significant growth from companies like Shengyi Technology and Nanya New Material, both exceeding 100% growth [4]. Company Highlights - Shengyi Technology reported a revenue of 6.83 billion yuan, a year-on-year increase of 114.79%, and a net profit of 1.12 billion yuan, up 497.61% [4]. - Xingsen Technology achieved the fastest revenue growth among the companies, reaching 5.37 billion yuan, a 23.48% increase year-on-year, and is expanding its capacity in CSP packaging substrates [5]. Foreign Investment - As of the end of the third quarter, several PCB stocks have attracted foreign investment, with QFII holding a total market value of 16.635 billion yuan in 13 stocks [6]. - Shengyi Technology leads in QFII holdings with a market value of 15.936 billion yuan, followed by Jingwang Electronics and Junya Technology [6].

Core Viewpoint - Jinlu Electronics is accelerating the development of products in emerging industry applications, with successful advancements in various types of circuit boards for data centers and other sectors [2] Group 1: Product Development - The company has successfully developed a 28-layer rigid board for data center applications [2] - Jinlu Electronics has achieved mass production of a 22-layer composite substrate and a 16-layer rigid-flex board, as well as a 16-layer high-speed rigid board, which have been delivered to clients in commercial aerospace and defense sectors [2] - Further progress in product development will be disclosed in the company's 2025 annual report [2]

Core Viewpoint - Jinlu Electronics (301282.SZ) is accelerating product development in emerging industry applications, with successful advancements in various high-tech products aimed at data centers and defense sectors [1] Group 1: Product Development - The company has successfully developed a 28-layer rigid board for data center applications [1] - It has also achieved mass production of a 22-layer composite substrate and a 16-layer rigid-flex board, which are now being delivered to clients in commercial aerospace and defense sectors [1] - Additionally, a 16-layer high-speed rigid board has been produced and is ready for commercial use [1]

国金证券股份有限公司 关于金禄电子科技股份有限公司 2025 年度持续督导培训情况的报告 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》的相 关规定，国金证券股份有限公司（以下简称"国金证券"、"保荐机构"）项目 组成员于 2025 年 10 月 27 日对金禄电子科技股份有限公司（以下简称"金禄电 子"、"公司"）到场的董事、高级管理人员等相关人员进行了专门培训，并对 未到场的相关人员派发了相关培训资料，督促其认真学习培训内容，本次培训的 具体情况如下： | 培训时间 | 2025 年 10 27 日 | 月 | | --- | --- | --- | | 培训地点 | 金禄电子会议室 | | | 培训主题 | 董监高履职行为规范（2025 年） | | | 培训讲师 | 李勇、罗倩秋 | | | 参训人员 | 公司董事、高级管理人员、中层以上管理人员、其他 | | 一、培训主要内容 保荐机构在本次培训中全面介绍了创业板上市公司规范运作的要点以及规 范治理过程中的注意事项，包括董监高履职行为规范、信息披露义务人的信披要 求、董监高日常交易事项、对外交流合规要求等相关内容。 （本页无正文， ...

国金证券股份有限公司 关于金禄电子科技股份有限公司 2025年度现场检查报告 （本页无正文，为《国金证券股份有限公司关于金禄电子科技股份有限公司 2025年度现场检查报告》之签章页） 保荐代表人： 李勇 罗倩秋 国金证券股份有限公司 | 保荐机构名称：国金证券股份有限公司 被保荐公司简称：金禄电子 | | | --- | --- | | 保荐代表人姓名：李勇 联系电话：028-86690159 | | | 保荐代表人姓名：罗倩秋 联系电话：028-86690159 | | | 现场检查人员姓名：李勇、罗倩秋 | | | 现场检查对应期间：2025年1月1日-2025年10月28日 | | | 现场检查时间：2025年10月27日-28日 | | | 一、现场检查事项 现场检查意见 | | | （一）公司治理 是 否 | 不适用 | | 现场检查手段： | | | （1）核查公司章程及各项规章制度； | | | （2）核查公司历次董事会、监事会、股东大会的会议通知、会议记录、会议决议等文件； | | | （3）对相关人员进行访谈，了解公司治理及独立性情况； | | | （4）核对董监高名单，确认董监高变动情况； ...

Group 1 - The PCB market is experiencing significant demand growth driven by the AI development wave, leading to a new round of capacity expansion in the industry [1][3] - Pengding Holdings (002938) reported a revenue of 26.855 billion yuan for the first three quarters of 2025, a year-on-year increase of 14.34%, and a net profit of 2.407 billion yuan, up 21.23% [1] - The company plans to actively promote new capacity construction in Huai'an and Thailand, with capital expenditure reaching 4.972 billion yuan, an increase of nearly 3 billion yuan year-on-year [1] Group 2 - Defu Technology (301511) and Feiliwa (300395) have announced financing and expansion plans, with Defu planning to invest 1 billion yuan in special copper foil production [2] - Shenghong Technology (300476) is expanding its high-end product capacity, including HDI and multilayer boards, to maintain its leading position in the global PCB industry [2] - Dongshan Precision (002384) is enhancing high-end PCB capacity to meet long-term demand in high-speed computing servers and AI applications [2] Group 3 - The PCB industry is seeing a surge in demand for high-layer boards, HDI boards, and IC substrates, with a projected investment of 41.9 billion yuan from leading domestic PCB companies by 2025-2026 [3] - The industry is characterized by a return to an upward cycle, product high-endization, and factory establishment in Southeast Asia, which is expected to drive the demand for PCB equipment upgrades [3] Group 4 - The global PCB market size was 78.34 billion USD in 2023, a decrease of 4.2% year-on-year, but is expected to reach 96.8 billion USD by 2025 [4] - The Chinese PCB market size was 363.257 billion yuan in 2023, down 3.8% from the previous year, but is projected to recover to 433.321 billion yuan by 2025 [4] - Recent quarterly reports from over ten PCB-related listed companies, including Shengyi Electronics and Dazhu CNC, show significant performance increases due to rising market demand [4]