凯格精机公告，2025年上半年营业收入4.54亿元，同比增长26.22%。净利润6714.2万元，同比增长 144.18%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

Group 1 - The core viewpoint of the news is that Kaige Precision Machinery has shown significant stock performance and financial growth, with a notable increase in stock price and revenue [1][2]. - As of August 22, Kaige Precision Machinery's stock price increased by 116.77% year-to-date, with a recent price of 67.20 CNY per share and a market capitalization of 7.15 billion CNY [1]. - The company experienced a net outflow of main funds amounting to 5.31 million CNY, with large orders showing mixed buying and selling activity [1]. Group 2 - For the period from January to March 2025, Kaige Precision Machinery achieved a revenue of 197 million CNY, reflecting a year-on-year growth of 27.23% [2]. - The number of shareholders decreased by 20.64% to 11,000, while the average circulating shares per person increased by 26% to 3,123 shares [2]. - Since its A-share listing, the company has distributed a total of 76.30 million CNY in dividends [2].

8月21日，沪深两融数据显示，凯格精机获融资买入额0.32亿元，居两市第1347位，当日融资偿还额0.80 亿元，净卖出4771.21万元。 作者：智投君 最近三个交易日，18日-21日，凯格精机分别获融资买入0.69亿元、0.32亿元、0.32亿元。 本文源自：金融界 融券方面，当日融券卖出0.00万股，净卖出0.00万股。 ...

8月20日，沪深两融数据显示，凯格精机获融资买入额0.32亿元，居两市第1679位，当日融资偿还额0.46 亿元，净卖出1330.39万元。 最近三个交易日，15日-20日，凯格精机分别获融资买入0.57亿元、0.69亿元、0.32亿元。 融券方面，当日融券卖出0.00万股，净卖出0.00万股。 本文源自：金融界 作者：智投君 ...

Group 1 - The core announcement is about the lifting of restrictions on shares held by shareholders prior to the company's initial public offering (IPO) [2] - A total of 5 shareholders will have their shares released from restrictions, amounting to 72,100,000 shares [2] - The released shares represent 67.76% of the company's total share capital [2] - The shares will be available for trading starting from August 25, 2025 [2]

Summary of Key Points Core Viewpoint The announcement details the lifting of restrictions on a portion of shares that were issued prior to the initial public offering (IPO) of Dongguan Kaige Precision Machinery Co., Ltd. This includes the number of shares being released for circulation and the implications for the company's share structure. Group 1: Share Issuance and Structure - The number of shares being released from restrictions is 72,100,000, accounting for 67.76% of the company's total share capital [1][4]. - After the IPO, the total share capital of the company is 76,000,000 shares, with 59,342,868 shares subject to trading restrictions, representing 78.08% of the total [1]. - Following a capital increase, the total share capital has changed to 106,400,000 shares, with 72,100,000 shares under restrictions and 34,300,000 shares unrestricted [3][4]. Group 2: Shareholder Commitments - Major shareholders, including the controlling shareholder Qiu Guoliang and his spouse Peng Xiaoyun, have committed not to transfer or manage their shares for 36 months post-IPO [5][6]. - The employee shareholding platforms have also made similar commitments regarding the shares they hold [6][8]. Group 3: Changes in Share Structure - The actual number of shares available for circulation after the lifting of restrictions will be 24,850,000, which is 23.36% of the total share capital [6][9]. - The share structure will change post-restriction, with restricted shares decreasing to 47,250,000 (44.41%) and unrestricted shares increasing to 59,150,000 (55.59%) [9][10]. Group 4: Compliance and Verification - The sponsor has verified that the shareholders have adhered to their commitments regarding the lifting of share restrictions, and the announcement complies with relevant regulations [10].

1、本次解除限售的股份为东莞市凯格精机股份有限公司（以下简称"凯格 精机"、"公司"或"发行人"）首次公开发行前已发行的部分股份。 证券代码：301338 证券简称：凯格精机 公告编号：2025-021 东莞市凯格精机股份有限公司 关于首次公开发行前已发行股份上市流通提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 2、本次解除限售股东户数共计 5 户，解除限售的股份为公司首次公开发行 前部分已发行的股份，本次解除限售股份的数量为 72,100,000 股，占公司总股本 的 67.76%。 3、本次拟解除限售的股份上市流通日期为 2025 年 8 月 25 日（星期一）。 一、首次公开发行前已发行股份概况 （一）首次公开发行股份情况 根据中国证券监督管理委员会《关于同意东莞市凯格精机股份有限公司首次 公开发行股票注册的批复》（证监许可【2022】796 号），公司首次公开发行人 民币普通股（A 股）股票 1,900.00 万股，并于 2022 年 8 月 16 日在深圳证券交易 所创业板上市。 首次公开发行股票完成后公司总股本为 76,0 ...

国信证券股份有限公司 关于东莞市凯格精机股份有限公司 部分首次公开发行前已发行股份上市流通的核查意见 国信证券股份有限公司（以下简称"国信证券"或"保荐人"）作为东莞市 凯格精机股份有限公司（以下简称"凯格精机"或"公司"）首次公开发行股票 并在创业板上市的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券 交易所创业板股票上市规则》和《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》等有关法律法规和规范性文件的要求，对凯格 精机部分首次公开发行前已发行股份上市流通的事项进行了核查，发表核查意见 如下： 一、首次公开发行股票和股本情况 （一）首次公开发行股份情况 根据中国证券监督管理委员会《关于同意东莞市凯格精机股份有限公司首次 公开发行股票注册的批复》（证监许可【2022】796 号），公司首次公开发行人民 币普通股（A 股）股票 1,900.00 万股，并于 2022 年 8 月 16 日在深圳证券交易所 创业板上市。 首次公开发行股票完成后公司总股本为 76,000,000 股，其中有流通限制或限 售安排的股份数量为 59,342,868 股，占发行后总股本的比例为 78.0 ...

Group 1 - The core point of the news is that 凯格精机 has seen an increase in financing buy-in amounts over the recent trading days, indicating growing investor interest [1][2]. - On August 18, 凯格精机 had a financing buy-in amount of 0.69 billion yuan, ranking 1086th in the market, with a financing repayment amount of 0.66 billion yuan, resulting in a net buy of 2.6088 million yuan [1]. - Over the three trading days from August 14 to August 18, the financing buy-in amounts were 0.46 billion yuan, 0.57 billion yuan, and 0.69 billion yuan respectively, showing a consistent upward trend [2]. Group 2 - In terms of securities lending, on August 18, there were no shares sold or net sold, indicating no activity in this area for 凯格精机 [3].

Core Insights - The price increase of copper-clad laminates reflects the rising demand in the PCB industry, driven by the growth in AI computing servers [2][3] - Major copper-clad laminate manufacturers, including Weilibang, Jiantao Laminates, and Hongruixing, have announced price hikes due to high raw material costs and increased bargaining power from strong demand [2][3] Industry Overview - The global server sales reached $95.2 billion in Q1 2025, a year-on-year increase of 134.1%, with expectations for the global server market to reach $366 billion in 2025, a 44.6% increase [3] - The PCB market is projected to grow from $73.57 billion in 2024 to $78.56 billion in 2025, with a year-on-year growth of 6.8% [3] - The demand for high-layer multi-layer boards and HDI boards is significantly outpacing the overall PCB industry growth, with multi-layer boards expected to grow by 40.2% and HDI boards by 18.8% in 2024 [3] Production Insights - Key production processes in PCB manufacturing include drilling, exposure, and testing, with drilling equipment accounting for approximately 20% of the total industry value [4] - The increasing complexity of HDI boards necessitates advancements in drilling, exposure, and plating processes, leading to higher demand for precision equipment [4] - Domestic production rates are high for mechanical drilling, while opportunities for domestic substitution exist in laser drilling and imaging processes [4] Investment Recommendations - Focus on core production processes: for drilling, consider Dazhu CNC (301200.SZ) and consumables from Dingtai High-Tech (301377.SZ) and Zhongtung High-Tech (000657.SZ); for exposure, look at Chipbond Technology (688630.SH) and Tianzhun Technology (688003.SH); for plating, Eastway Technology (688700.SH) is recommended; for solder paste printing, Keg Precision (301338.SZ) is suggested [5]