Core Viewpoint - The A-share market is experiencing a slight decline, with the Shanghai Composite Index down by 0.90% and trading below the five-day moving average, indicating a potential short-term bearish sentiment in the market [1]. Group 1: Market Performance - As of 10:29 AM, the Shanghai Composite Index stands at 3583.25 points, reflecting a decrease of 0.90% [1]. - The total trading volume in the A-share market is reported at 842.95 billion yuan [1]. - A total of 299 A-shares have surpassed the five-day moving average today [1]. Group 2: Stocks with Significant Deviations - Notable stocks with high deviation rates from the five-day moving average include: - Digital Certification (300579) with a deviation rate of 13.64% and a daily increase of 20.00% [1]. - Easy Point Technology (301171) showing a deviation rate of 11.37% and a daily increase of 15.78% [1]. - Jiebang Technology (301326) with a deviation rate of 10.70% and a daily increase of 15.03% [1]. - Other stocks with significant increases include: - Changying Precision (300115) with a 13.27% increase and a deviation rate of 8.84% [1]. - XGIMI Technology (688696) with a 10.88% increase and a deviation rate of 8.00% [1]. Group 3: Stocks with Minor Deviations - Stocks that have just crossed the five-day moving average with smaller deviation rates include: - Dinglong Technology, Wanma Co., and Huaxi Securities, which have recently shown minor deviations [1].

Investment Rating - The report maintains an "Outperform" rating for the heat management industry, driven by the slowdown of Moore's Law and the rise of edge AI applications [1]. Core Insights - The heat management industry is undergoing significant upgrades due to the deceleration of Moore's Law and the explosive growth in cloud computing power demands, leading to increased pressure on thermal management solutions for edge AI applications [1][2]. - Passive cooling methods are nearing their physical limits, prompting a shift towards active cooling technologies in mobile devices [3][4]. Summary by Sections 1. Moore's Law Slowdown and Edge AI Iteration - The growth rate of transistor density has significantly slowed, with the compound annual growth rate (CAGR) dropping to single digits for processes below 5nm, indicating the gradual failure of Moore's Law [19][20]. - As performance demands increase, the power consumption per unit area of chips is rising, necessitating enhanced thermal management solutions [24][25]. - The limitations of passive cooling methods are becoming evident, as the area of vapor chambers (VC) is increasing while material iterations are slowing down [43][44]. 2. Transition to Active Cooling Technologies - The industry is expected to enter an active cooling era, with technologies like micro-pump liquid cooling and micro fans becoming more prevalent [3][4]. - By 2030, it is projected that the penetration rate of active cooling in smartphones will reach 30%, with a market size of approximately 20 billion yuan [3][4][75]. 3. Investment Highlights and Beneficiary Segments - Active cooling technologies are anticipated to unlock the full potential of edge AI applications, with significant benefits for companies involved in the thermal management supply chain [4][4]. - Key players in the thermal management module sector include Feirongda, Suzhou Tianmai, and Zhongshi Technology, while chip-related companies include Aiwei Electronics and Nanchip Technology [4][4].

一、募集资金基本情况 捷邦精密科技股份有限公司 关于签订募集资金三方监管协议的公告 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。 证券代码：301326 证券简称：捷邦科技 公告编号：2025-056 经中国证券监督管理委员会《关于同意捷邦精密科技股份有限公司首次公开 发行股票注册的批复》（证监许可[2022]1228 号）同意注册，捷邦精密科技股份 有限公司（以下简称"公司"）首次公开发行人民币普通股（A 股）股票 1,810.00 万股，每股面值人民币 1.00 元，发行价格为人民币 51.72 元/股，募集资金总额 936,132,000.00 元，扣除相关发行费用后实际募集资金净额为人民币 836,950,333.22 元。募集资金已于 2022 年 9 月 14 日划至公司指定账户，由天职 国际会计师事务所（特殊普通合伙）于 2022 年 9 月 14 日对公司首次公开发行股 票的资金到位情况进行了审验，并出具了《捷邦精密科技股份有限公司验资报告》 （天职业字[2022]41117 号）。公司已对募集资金采取了专户存储，并与专户银 行、保荐机构签订 ...

Group 1: Stock Performance - Zhejiang Zhenyuan and Asia-Pacific Pharmaceutical both achieved a 2-day limit-up with increases of 10.01% and 9.98% respectively, driven by innovation in pharmaceuticals [2] - Chengdu XianDao saw a first board listing with a significant rise of 20.02%, attributed to innovative drug developments [2] - TaiJing Technology and YanHua Intelligent both recorded first board listings with increases of 9.97% and 9.94%, linked to Huawei's influence in robotics [5] Group 2: AI and Robotics - Nvidia's CEO suggested that Huawei's AI chips could potentially replace Nvidia's offerings, indicating a competitive shift in the AI chip market [4] - The domestic robotics industry is gaining traction with significant orders being awarded, highlighting its importance in national competition [7] Group 3: Market Trends - The light communication sector is expected to see sustained growth due to high demand in both domestic and international markets, with performance likely to continue improving [13] - The low-altitude economy is gaining attention, with a notable $1 billion procurement agreement signed for eVTOL aircraft, indicating growth potential in this sector [17] Group 4: Consumer and Retail - The Chinese government is implementing measures to boost consumer spending, which is expected to positively impact the retail sector [21] - Companies like Guoguang Chain and Hanshang Group have seen first board listings with increases of 9.98% and 9.97%, reflecting the positive sentiment in the retail market [23] Group 5: Solar and Food & Beverage - The price of polysilicon has increased by 12.4% week-on-week, indicating a rising trend in the solar industry [24] - The food and beverage sector is also benefiting from government initiatives aimed at enhancing consumer demand, with companies like Huangshi Group seeing a 10.10% increase [26]

证券代码：301326 证券简称：捷邦科技 公告编号：2025-054 捷邦精密科技股份有限公司 关于 2024 年限制性股票与股票期权激励计划首次授 予股票期权第一个行权期采用自主行权模式的 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。 重要内容提示： 1、本次行权的股票期权简称：捷邦 JLC1，股票期权代码：036568。 2、本次符合行权条件的激励对象人数：64 人。 3、本次行权条件成就的股票期权拟行权数量（调整后）：26.67 万份，占目 前公司总股本的 0.37%。 4、行权价格（调整后）：27.40 元/股。 5、行权方式：自主行权。 6、根据自主行权业务办理的实际情况，实际可行权期限为 2025 年 7 月 22 日至 2026 年 5 月 29 日。 7、若本次可行权股票期权全部行权，公司股份分布仍具备上市条件。 捷邦精密科技股份有限公司（以下简称"公司"）于 2025 年 7 月 4 日召开 第二届董事会第二十一次会议、第二届监事会第十八次会议，审议通过《关于 2024 年限制性股票与股票期权激励计划之首次授予股票期权第一个行 ...

证券代码：301326 证券简称：捷邦科技 公告编号：2025-055 捷邦精密科技股份有限公司 关于 2024 年限制性股票与股票期权激励计划之首次 授予限制性股票第一个归属期归属结果暨股份上市 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。 重要内容提示： 1、本次符合第二类限制性股票归属条件的激励对象人数：64 人。 2、本次归属条件成就的第二类限制性股票拟归属数量（调整后）：26.67 万 股，占目前公司总股本的 0.37%。 3、归属股票来源：公司向激励对象定向发行的公司 A 股普通股股票。 4、本次归属股票上市流通日：2025 年 7 月 18 日 捷邦精密科技股份有限公司（以下简称"公司"）于 2025 年 7 月 4 日召开 第二届董事会第二十一次会议、第二届监事会第十八次会议审议通过了《关于 2024 年限制性股票与股票期权激励计划之首次授予限制性股票第一个归属期归 属条件成就的议案》。根据《2024 年限制性股票与股票期权激励计划（草案）》 （以下简称"《激励计划》"或"本激励计划"）中规定的首次授予第二类限制 性股票的第一个归属期 ...

Group 1 - The core viewpoint of the news is that the Supervisory Board of Jebon Precision Technology Co., Ltd. has verified the eligibility of 64 individuals for the first vesting period of the restricted stock and stock options under the 2024 incentive plan, confirming compliance with relevant laws and regulations [1][2] - The first vesting conditions for the restricted stock have been met, allowing for the allocation of 266,700 shares to the eligible individuals [1] - The first exercise conditions for the stock options have also been met, permitting the exercise of 266,700 stock options for the eligible individuals [2] Group 2 - The verification process for both the restricted stock and stock options adheres to the provisions of the Company Law, Securities Law, and the Management Measures for Incentive Plans, ensuring no harm to the interests of the company and its shareholders [1][2] - The eligibility criteria for the incentive plan participants have been confirmed, with all 64 individuals meeting the necessary qualifications as per the relevant regulations [1][2]

中信建投证券股份有限公司 关于捷邦精密科技股份有限公司使用部分闲置募集资金 暂时补充流动资金的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为捷邦精密科技股份有限公司（以下简称"捷邦科技"或"公司"）首次公开 发行股票并在创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》 《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《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》等相关规定，对捷邦科技使用部分闲置募集资金暂时补 充流动资金的事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 根据《首次公开发行股票并在创业板上市招股说明书》披露的募集资金投资 项目使用计划，截至 2025 年 6 月 30 日，公司首次公开发行股票募集资金使用情 况如下： 单位：万元 | | | | 拟使用募集资 | 截至 年 月 2025 6 | | --- | --- | --- | --- | --- | | 序号 | 项目名称 | 总投资 | 金 | 日累计投入募 30 集资金金额 | | 1 | 高精密电子 ...

关于使用部分闲置募集资金暂时补充流动资金的 公告 证券代码：301326 证券简称：捷邦科技 公告编号：2025-053 捷邦精密科技股份有限公司 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。 捷邦精密科技股份有限公司（以下简称"公司"）于 2025 年 7 月 4 日召开 第二届董事会第二十一次会议和第二届监事会第十八次会议，审议通过《关于使 用部分闲置募集资金暂时补充流动资金的议案》，同意公司使用不超过人民币 20,000.00 万元的闲置募集资金暂时补充流动资金，使用期限为自公司董事会审 议通过之日起不超过 12 个月，到期或募集资金投资项目需要时公司及时将该资 金归还至募集资金专项账户。具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意捷邦精密科技股份有限公司首次公开 发行股票注册的批复》（证监许可[2022]1228 号）同意注册，公司首次公开发行 人民币普通股（A 股）股票 1,810.00 万股，每股面值人民币 1.00 元，发行价格 为人民币 51.72 元/股，募集资金总额 936,132,000.00 元，扣除相关发 ...

证券代码：301326 证券简称：捷邦科技 公告编号：2025-052 捷邦精密科技股份有限公司 关于 2024 年限制性股票与股票期权激励计划之首次 授予股票期权第一个行权期行权条件成就的公告 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。 重要内容提示： 1、本次符合股票期权行权条件的激励对象人数：64 人。 2、本次行权条件成就的股票期权拟行权数量（调整后）：26.67 万份，占目 前公司总股本的 0.37%。 3、行权股票来源：公司向激励对象定向发行的公司 A 股普通股股票。 4、行权价格（调整后）：27.40 元/股。 5、本次行权选取自主行权的方式，公司在深圳证券交易所、中国证券登记 结算有限责任公司深圳分公司办理完成相关手续后方可实际行权，届时公司将发 布提示性公告，敬请投资者注意。 捷邦精密科技股份有限公司（以下简称"公司"）于 2025 年 7 月 4 日召开 第二届董事会第二十一次会议、第二届监事会第十八次会议审议通过了《关于 2024 年限制性股票与股票期权激励计划之首次授予股票期权第一个行权期行权 条件成就的议案》，根据《2024 年限 ...