格隆汇12月18日丨隆扬电子(301389.SZ)公布，截至2025年12月17日，公司已通过集中竞价交易方式累 计减持回购股份592,393股，占公司总股本比例为0.21%，减持所得资金总额为43,124,772.39元（不含交 易费用），成交最高价为81.50元/股，成交最低价为49.60元/股，成交均价为72.80元/股。 ...

证券代码：301389 证券简称：隆扬电子 公告编号：2025-086 方案之日起不超过3个月，即该部分回购期限于2024年5月18日届满。用于维护公司价 值及股东权益的回购股份数为592,393股，占公司总股本的比例为0.21%，回购成交的 最高价为14.49元/股、最低价为12.04元/股，支付的资金总额为8,010,494.27元（不 含交易费用）。具体内容详见公司于2024年5月17日披露的《关于公司股份回购进展情 况暨部分回购用途实施期限届满的公告》（公告编号：2024-041）。 二、回购股份减持计划实施情况 隆扬电子（昆山）股份有限公司 关于已回购股份减持结果暨股份变动公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 隆扬电子（昆山）股份有限公司（以下简称"公司"）于2025年8月7日召开第二 届董事会第十六次会议，审议通过了《关于回购股份集中竞价减持计划的议案》，根 据公司于2024年2月19日披露的《关于使用部分超募资金回购公司股份方案的公告》 （公告编号：2024-005）和2024年2月21日《回购报告书》（公告编号：2024-008） ...

（记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 截至发稿，隆扬电子市值为146亿元。 每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… 每经AI快讯，隆扬电子（SZ 301389，收盘价：51.5元）12月18日晚间发布公告称，截至2025年12月17 日，公司已通过集中竞价交易方式累计减持回购股份约59万股，占公司总股本比例为0.21%，减持所得 资金总额约为4312万元，成交最高价为81.5元/股，成交最低价为49.6元/股，成交均价为72.8元/股。本 次减持计划实施完毕。 2024年1至12月份，隆扬电子的营业收入构成为：制造业占比100.0%。 ...

隆扬电子公告，截至2025年12月17日，公司已通过集中竞价交易方式累计减持回购股份59.24万股，占 公司总股本比例为0.21%，减持所得资金总额为4312.48万元（不含交易费用），成交最高价为81.5元/ 股，成交最低价为49.6元/股，成交均价为72.8元/股。 ...

Core Insights - The domestic PCB market is projected to grow from $41.213 billion to $49.704 billion from 2024 to 2029, with a CAGR of 3.8% [1] - The fastest-growing downstream sector for PCBs is servers/data storage, expected to have a CAGR of 11.6% during the same period [1] Group 1: PCB Market Growth - The demand for PCBs is driven by explosive growth in computing power, particularly in AI servers and switches, which require higher performance [1] - The requirements for PCB materials are evolving, with a focus on low Dk/Df properties for core materials like resin, fiberglass, and copper foil [1] Group 2: Resin Demand and Supply - PPO and hydrocarbon resins are ideal for high-frequency and high-speed applications, with expected global demand reaching 4,558 tons and 1,216 tons by 2025, reflecting year-on-year growth of 41.89% and 41.62% respectively [2] - Major global suppliers of PPO and hydrocarbon resins include Sabic, Asahi Kasei, and Mitsubishi Gas, while domestic companies like Dongcai Technology and Shengquan Group are rapidly improving their product performance and production capabilities [2] Group 3: Low-DK Electronic Fabrics - Low-DK electronic fabrics are essential for M7 and above CCL, with the market expected to reach $2.3 billion by 2033, growing at a CAGR of 7.50% from 2024 to 2033 [3] - The supply of low-DK electronic fabrics is concentrated among Japanese, Taiwanese, and domestic companies, with domestic firms accelerating their production capabilities [3] Group 4: HVLP Copper Foil - HVLP copper foil is a core material for high-frequency PCBs, with a projected market growth from $2 billion to $5.95 billion between 2024 and 2032, achieving a CAGR of 14.6% [4] - The high-end copper foil market is currently dominated by Japanese and Korean companies, but domestic firms like Defu Technology and Tongguan Copper Foil are making significant advancements [4] Group 5: Key Companies - Notable companies to watch include Shengquan Group (605589.SH), Dongcai Technology (601208.SH), Zhongcai Technology (002080.SZ), Honghe Technology (603256.SH), International Composite Materials (301526.SZ), Defu Technology (301511.SZ), Tongguan Copper Foil (301217.SZ), and Longyang Electronics (301389.SZ) [5]

Investment Rating - The report maintains a rating of "B" for the new materials PCB materials industry, indicating a positive outlook for the sector [1]. Core Insights - The demand for PCBs is expected to grow significantly due to the rapid development of AI servers, with the domestic PCB market projected to increase from $41.213 billion in 2024 to $49.704 billion by 2029, reflecting a CAGR of 3.8% [2][18]. - The fastest-growing downstream sector for PCBs is the server and data storage market, with a projected CAGR of 11.6% from 2024 to 2029 [23]. - The transition to PCIe 5.0 standards is driving the need for high-frequency and high-speed PCBs, necessitating improvements in dielectric properties of core materials [27][34]. Summary by Sections PCB Market Overview - The global PCB market is expected to reach $94.7 billion by 2029, with a CAGR of 5.2% from 2024 to 2029, driven by AI, data centers, and smart automotive applications [18]. - In 2024, the domestic PCB market is anticipated to grow by 9.0%, reaching $41.213 billion, while the global market is projected to grow by 5.8% [18][23]. Material Demand and Supply - The demand for electronic-grade PPO and hydrocarbon resins is expected to reach 4,558 tons and 1,216 tons respectively by 2025, with growth rates of 41.89% and 41.62% [3][50]. - The global HVLP copper foil market is projected to grow from $2 billion to $5.95 billion between 2024 and 2032, with a CAGR of 14.6% [5][6]. Key Companies - Shengquan Group is expanding its PPO resin production capacity to over 2,000 tons and is involved in multiple expansion projects [7]. - Dongcai Technology is investing 700 million yuan to build a project with an annual capacity of 20,000 tons of electronic materials for high-speed communication [7]. - Zhongcai Technology is the first domestic supplier to achieve mass production of second-generation low-dielectric products [7]. - Honghe Technology has reached international leading quality levels for some high-end electronic fabrics and will begin mass supply in the first half of 2025 [7]. Material Innovations - Low-DK electronic fabrics are essential for M7 and above CCLs, with a projected global market size of $2.3 billion by 2033, growing at a CAGR of 7.5% [4]. - The transition to low Dk/Df materials is critical for PCB performance, with core materials like PPO, hydrocarbon resins, and HVLP copper foils expected to see significant demand growth [37][40].

Group 1 - The core point of the article is that Longyang Electronics has confirmed that its subsidiary, Deyou New Materials, will start reporting financial results in September 2025, with further details to be disclosed in a specific announcement [2] - Deyou New Materials is currently operating normally, indicating stable production and business conditions [2]

Group 1 - The company 隆扬电子 reported that as of December 10, 2025, the number of its shareholders reached 28,764 [2]

Group 1 - The company, Longyang Electronics, is currently engaged in the consumer electronics sector, focusing on electromagnetic shielding materials [1] - The primary applications of the company's products are in laptops and tablets, with a smaller portion used in wearable devices [1]

Group 1 - The company, Longyang Electronics (301389.SZ), has stated that it currently has no plans to establish a production base in Chuzhou, Anhui [1]