Core Viewpoint - Shenzhen Jiangbolong Electronics Co., Ltd. plans to raise up to 3.7 billion yuan through a private placement of A-shares to fund projects in the AI and semiconductor storage sectors [1] Group 1: Fundraising Details - The total amount to be raised is not more than 3.7 billion yuan [1] - The funds will be allocated to four main projects: 1. 880 million yuan for high-end storage research and industrialization in the AI field 2. 1.22 billion yuan for the development of semiconductor storage main control chips 3. 500 million yuan for high-end packaging and testing in semiconductor storage 4. 1.1 billion yuan for supplementing working capital [1][1][1] Group 2: Market Demand and Strategic Goals - The rapid development of downstream applications such as artificial intelligence and cloud computing has led to a surge in storage market demand, particularly for high-performance storage in AI servers [1] - By raising these funds, the company aims to strengthen its technical capabilities in high-end storage, main control chips, and packaging/testing, enhancing its self-sufficiency in the supply chain and solidifying its leading position in the semiconductor storage industry [1][1]

Group 1 - Tianpu Co., Ltd. has completed the stock suspension review and will resume trading on December 3, 2025, after a significant price increase of 451.8% from August 22 to November 27, indicating potential trading risks [1] - Daoming Optics announced that it does not have any AI mobile phone-related business despite recent media discussions, and its stock experienced abnormal trading fluctuations with a cumulative price deviation exceeding 20% [2] - Jiangbolong plans to raise no more than 3.7 billion yuan for high-end storage research and industrialization projects related to AI and semiconductor storage control chips [3] Group 2 - Daimai Co., Ltd. received an insurance compensation of 14.7 million USD for a fire incident, which will be recorded as non-recurring income in the 2025 financial statements [4] - Meng Tian Home has seen its stock price deviate over 100% in the last 10 trading days, and may apply for a suspension review if the price continues to rise abnormally [5] - Daming City announced that 10.13% of shares held by its controlling shareholder are subject to judicial freezing and marking, but this will not adversely affect the company's operations or governance [6] Group 3 - Guomai Culture reported an investment loss of approximately 40 million yuan from a film project, which is expected to impact its 2024 audited net profit by over 10% [7] - Pingtan Development's stock price has increased significantly over three consecutive trading days, raising concerns about irrational speculation despite no major changes in its fundamentals [8] - Xiamen Tungsten plans to invest 942 million yuan in the second phase of its motor industrial park, which is expected to be completed by September 2029 [9] Group 4 - Shunhao Co., Ltd. experienced abnormal stock trading with a cumulative price deviation exceeding 20%, while its investment in a project has uncertain outcomes [10] - Haowei Group's controlling shareholder plans to donate 2.48% of the company's shares to a university foundation [11] - Yutong Bus reported production and sales growth in November 2025, with production increasing by 11.21% year-on-year [12] Group 5 - Tianfu Communication's executives plan to reduce their holdings by a total of 47,500 shares due to personal financial needs [13] - Jixin Technology's secretary plans to reduce holdings by up to 22,764 shares [15] - New Tonglian's major shareholder has reduced its holdings, affecting the equity structure but not violating any commitments [16] Group 6 - Axin Security announced that several shareholders plan to collectively reduce their holdings by up to 1.75% [17] - Gaohua Technology's shareholders plan to reduce their holdings, with specific amounts and percentages outlined [18] - Weisheng Information won three electricity project contracts totaling 65.32 million yuan, which will positively impact its performance [19] - Design Institute recently won 17 projects with a total bid amount of approximately 251 million yuan [20]

Investment Rating - The report maintains an "Outperform" rating for the electronic industry [1][9]. Core Viewpoints - The electronic sector is expected to benefit from high growth in overseas AI computing demand, with a focus on innovative products such as AI smartphones, AI glasses, and foldable screens anticipated to drive market activity in early 2026 [2][3]. - The report emphasizes the importance of patience in investment strategy, suggesting that time can create space for better opportunities in the sector [2]. - The report highlights the potential for domestic companies in the ASIC market, particularly with Google's plans to expand its TPU business, which could enhance market size for cloud inference solutions [4]. Summary by Sections Market Performance - The Shanghai Composite Index rose by 1.40%, while the electronic sector increased by 6.05% over the past week, with components up by 8.10% and electronic chemicals up by 3.93% [2][10]. - The report notes that the electronic sector's recent underperformance was primarily due to the reduction of national subsidies, export rush in Q2, and price increases in memory shortages [2]. Key Company Recommendations - The report recommends several companies for investment, including: - Aojie Technology - Jiangbolong - Demingli - Lens Technology - Luxshare Precision - Lantech Optical - Hengxuan Technology - Lanke Technology - SMIC - Saiwei Electronics - Tianyue Advanced [2]. Product Innovations - Quark's smart glasses S1 were officially launched, featuring a dual-chip architecture and advanced optical solutions, indicating a significant opportunity in the AR glasses market [3]. - Longxin Storage showcased new DDR5 and LPDDR5X products, with expectations for growth driven by domestic production and price recovery in the storage sector [4]. Global Smartphone Market Outlook - The global smartphone shipment is projected to grow by 3.3% in 2025, with Apple expected to capture a 19.4% market share, making it the leading smartphone brand for the first time since 2011 [5][7]. - The report continues to recommend companies within Apple's supply chain, including Luxshare Precision and Industrial Fulian [7]. Company Earnings Forecasts - The report provides earnings forecasts and investment ratings for key companies, with most rated as "Outperform" and showing positive EPS growth projections for 2025 and 2026 [9].

Core Viewpoint - Jiangbolong (301308.SZ) plans to issue A-shares to specific investors, aiming to raise no more than 3.7 billion yuan, which will be allocated to various projects in the AI and semiconductor sectors [1] Group 1 - The total amount to be raised from the issuance is capped at 3.7 billion yuan, including the principal [1] - The net proceeds after deducting issuance costs will be used for high-end memory research and industrialization projects targeting the AI field [1] - Additional funding will support the development of a series of semiconductor storage control chips and the construction of high-end packaging and testing projects for semiconductor storage [1] Group 2 - The funds will also be utilized to supplement the company's working capital [1]

Core Viewpoint - Jiangbolong plans to raise no more than 3.7 billion yuan through a private placement, with net proceeds after issuance costs allocated to AI-related high-end memory research and industrialization projects, semiconductor storage main control chip series research projects, high-end packaging and testing construction projects, and replenishing working capital [1][1][1] Group 1 - The company intends to raise funds through a private placement not exceeding 3.7 billion yuan [1] - The net proceeds will be used for high-end memory research and industrialization projects focused on AI [1] - Additional allocations include research on semiconductor storage main control chips and construction of high-end packaging and testing facilities [1]

Group 1 - The core viewpoint of the article is that Jiangbolong (301308.SZ) has announced a plan to issue A-shares to specific investors, aiming to raise no more than 3.7 billion yuan [1] Group 2 - The funds raised will be used for several projects, including high-end memory research and industrialization projects focused on the AI sector [1] - Additional projects include the development of a series of semiconductor storage control chips and the construction of high-end packaging and testing facilities for semiconductor storage [1] - A portion of the funds will also be allocated to supplement working capital [1]

格隆汇12月2日丨江波龙(301308.SZ)公布，公司拟定增募资不超过37亿元，扣除发行费用后的募集资金 净额将用于面向AI领域的高端存储器研发及产业化项目、半导体存储主控芯片系列研发项目、半导体 存储高端封测建设项目及补充流动资金。 ...

证券代码：301308 证券简称：江波龙 深圳市江波龙电子股份有限公司 2025年度向特定对象发行A股股票 方案的论证分析报告 二〇二五年十二月 深圳市江波龙电子股份有限公司（以下简称"江波龙"或"公司"或"发行 人"）是在深圳证券交易所创业板上市的公司，为满足公司业务发展的资金需求， 增强公司资金实力，根据《中国人民共和国公司法》《中华人民共和国证券法》 《上市公司证券发行注册管理办法》（以下简称"《注册管理办法》"）等规定，编 制了本次向特定对象发行 A 股股票方案的论证分析报告。 本报告中如无特别说明，相关用语具有与《深圳市江波龙电子股份有限公司 2025 年度向特定对象发行 A 股股票预案》中的释义相同的含义。 一、本次发行的背景和目的 （一）本次发行的背景 1、国家政策鼓励半导体存储产业跨越式发展 半导体存储器作为电子系统的基本组成部分，是现代信息产业应用最为广泛 的电子元器件之一，半导体存储产业是集成电路产业的核心分支。同时，半导体 存储器是各类信息技术设备数据存储的物理载体，为AI、云计算、PC、智能终 端、汽车电子、工业控制等诸多战略性产业的应用场景提供数据存储功能，对上 述产业领域的技术发展 ...

证券代码：301308 证券简称：江波龙 深圳市江波龙电子股份有限公司 2025年度向特定对象发行A股股票预案 二〇二五年十二月 深圳市江波龙电子股份有限公司 2025年度向特定对象发行A股股票预案 公司声明 一、公司及董事会全体成员保证本预案内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对本预案内容的真实性、准确性、完整性承 担个别和连带的法律责任。 二、本预案按照《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司证券发行注册管理办法》等法规的要求编制。 三、本次向特定对象发行股票完成后，公司经营与收益的变化，由公司自行 负责；因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 四、本预案是公司董事会对本次向特定对象发行股票的说明，任何与之相反 的声明均属不实陈述。 五、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 六、本预案所述事项并不代表审批机关对于本次向特定对象发行股票相关事 项的实质性判断、确认或批准。本预案所述本次向特定对象发行股票相关事项的 生效和完成尚待公司股东会审议通过、深圳证券交易所审核通过并经中国证监会 予以注册。 ...

公司本次向特定对象发行 A 股股票预案等相关公告披露事项不代表审批机 关对于本次发行相关事项的实质性判断、确认、批准或注册，公司本次向特定对 象发行 A 股股票相关事项的生效和完成尚须公司股东会审议通过、深圳证券交 易所审核通过并经中国证券监督管理委员会同意注册后方可实施。敬请广大投资 者注意投资风险。 特此公告。 深圳市江波龙电子股份有限公司董事会 2025 年 12 月 2 日 关于 2025 年度向特定对象发行 A 股股票预案披露的 提示性公告 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。 深圳市江波龙电子股份有限公司（以下简称"公司"）于 2025 年 12 月 2 日 召开第三届董事会第十四次会议，审议通过了公司 2025 年度向特定对象发行 A 股股票的相关议案。具体内容详见公司于 2025 年 12 月 2 日披露在巨潮资讯网 （www.cninfo.com.cn）的相关公告，敬请投资者注意查阅。 证券代码：301308 证券简称：江波龙 公告编号：2025-083 深圳市江波龙电子股份有限公司 ...