证券代码：301628 证券简称：强达电路 公告编号：2026-009 深圳市强达电路股份有限公司 深圳市强达电路股份有限公司（以下简称"公司"）董事会于近日收到公司 董事、副经理宋世祥先生提交的书面辞职报告，宋世祥先生因个人原因，申请辞 去公司第二届董事会董事、副经理职务，并相应辞去董事会薪酬和考核委员会委 员职务，辞职后宋世祥先生不在公司担任其他职务。 关于董事、高级管理人员辞职的公告 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。 一、董事、高级管理人员辞职情况 二、备查文件 1、宋世祥先生提交的书面辞职报告。 特此公告。 深圳市强达电路股份有限公司董事会 2026 年 3 月 16 日 根据《中华人民共和国公司法》《深圳证券交易所创业板股票上市规则》和 《深圳市强达电路股份有限公司章程》（以下简称"《公司章程》"）等有关规 定，宋世祥先生的辞职未导致公司董事会成员低于法定最低人数，但将导致公司 董事会薪酬和考核委员会人数低于《薪酬和考核委员会工作细则》的规定人数。 为确保董事会薪酬和考核委员会的正常运作，在公司董事会正式选举产生新任董 事会薪酬和考核委 ...

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company, Qiangda Circuit (301628.SZ), specializes in the "multi-variety, small-batch" PCB market, focusing on prototype and trial production for clients, which has led to strong customer loyalty and a stable revenue stream [1][10] - In 2024, the company reported revenue of 790 million yuan, a year-on-year increase of 11%, and a net profit of 110 million yuan, a year-on-year increase of 24% [2] - The profit growth rate has consistently outpaced revenue growth, indicating improved product structure and profitability [3] - The gross margin has increased from 22.8% in 2019 to over 30% in 2023, with sales gross margins in Q2 and Q3 of 2025 reaching 31.14% and 31.56%, respectively [3] - The company has maintained a strong cash flow, with operating cash flow exceeding 100 million yuan annually over the past five years, and approximately 95 million yuan in the first three quarters of 2025 [6] - The company has a low interest-bearing debt ratio of 3.7%, indicating minimal reliance on external cash flow [8] Business Characteristics - Qiangda Circuit's business model is distinct from large-scale PCB manufacturers, focusing on rapid delivery and high-end products [10] - The company serves nearly 3,000 active clients, with the top five clients accounting for about 20% of revenue, leading to reduced cyclical volatility [10] - The average delivery time for prototypes is five days, and for small-batch production, it is eight days, showcasing the company's strong flexible production capabilities [10] - The company is involved in high-growth sectors such as AI computing and automotive electronics, with significant investments in R&D, maintaining a research expense ratio of 5.5%-6.1% over the past five years [11] Future Outlook - The company plans to utilize funds raised from its October 2024 IPO to build a high-end PCB industrial park in Nantong, with an expected annual production capacity of 960,000 square meters [14] - The Nantong factory aims to upgrade production capabilities from small-batch to medium-small batch, targeting explosive growth areas like AI servers and high-end automotive electronics [14] - The successful operation of the Nantong facility is critical for the company's future performance, with potential risks related to customer certification cycles and demand fluctuations [14][18]

Core Viewpoint - The article highlights the emerging opportunities in the PCB industry, particularly focusing on the company Qiangda Circuit, which specializes in the "multi-variety, small-batch" market segment, benefiting from the growing demand driven by AI and high-end electronics [3][4]. Financial Performance - In 2024, Qiangda Circuit reported a revenue of 790 million yuan, a year-on-year increase of 11%, and a net profit of 110 million yuan, up 24% [6]. - For the first three quarters of 2025, the company achieved a revenue of 710 million yuan, nearing the total for the previous year, with a net profit of 96 million yuan, reflecting a 21% year-on-year growth [6]. - The profit growth rate consistently outpaces revenue growth, indicating improved product structure and profitability [8]. - The gross margin increased from 22.8% in 2019 to over 30% in 2023, with sales gross margins in Q2 and Q3 of 2025 reaching 31.14% and 31.56%, respectively [8]. - The operating cash flow has remained above 100 million yuan annually for the past five years, with approximately 95 million yuan in the first three quarters of 2025, demonstrating strong cash generation capabilities [10]. Business Characteristics - Qiangda Circuit focuses on the "multi-variety, small-batch" market, providing sample and trial production services during the product development phase, which leads to strong customer loyalty [14]. - The company serves nearly 3,000 active customers, with the top five clients accounting for about 20% of revenue, indicating a diversified customer base [14]. - The average delivery time for samples is five days, and for small-batch orders, it is eight days, showcasing a competitive edge in delivery speed [14]. - The company has a strong technical foundation, with ongoing developments in AI computing, automotive electronics, and quantum computing PCB prototypes [15][16][17]. Future Outlook - The new Nantong factory, set to begin production in Q2 2026, aims to enhance the company's capacity for high-end PCB production, transitioning from small-batch to medium-small batch capabilities [20]. - This facility is crucial for targeting explosive growth areas such as AI servers, high-speed optical modules, and high-end automotive electronics [20]. - The successful ramp-up of production at the Nantong factory is critical for the company's future performance, with potential risks related to customer certification cycles and market demand [21][22].

证券代码：301628 证券简称：强达电路 公告编号：2026-008 深圳市强达电路股份有限公司 关于使用部分闲置自有资金进行现金管理的进展公告 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。 为提高公司的资金使用效率，合理利用闲置自有资金，获取较好的投资回报， 深圳市强达电路股份有限公司（以下简称"公司"）已于 2025 年 4 月 17 日召开 第二届董事会第八次会议、第二届监事会第八次会议，审议通过了《关于使用部 分闲置自有资金进行现金管理的议案》，同意在不影响正常经营及确保资金安全 的情况下，使用不超过人民币 10,000 万元（含本数）的暂时闲置自有资金进行 现金管理，投资期限自董事会审议通过之日起 12 个月内有效，在前述额度和期 限范围内可循环滚动使用。具体内容详见公司 2025 年 4 月 18 日披露于巨潮资讯 网（www.cninfo.com.cn）的《关于使用部分闲置自有资金进行现金管理的公告》 （公告编号：2025-024）。 近日，公司自有资金购买的现金管理产品进行了到期赎回，相应本金及收益 均归还至公司账户。现就有关事宜公告如下： ...

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：301628 证券简称：强达电路 公告编号：2026-007 深圳市强达电路股份有限公司 关于全资子公司完成工商变更登记并换发营业执照的公告 深圳市强达电路股份有限公司（以下简称"公司"）于 2026 年 3 月 5 日召 开第二届战略与 ESG 委员会 2026 年第一次会议、第二届董事会第十三次会议， 审议通过《关于向全资子公司增资的议案》，同意公司使用募集资金及自有资金 合计人民币 24,000 万元向全资子公司南通强达电路科技有限公司（以下简称"南 通强达"）增资。本次增资完成后，南通强达的注册资本将增加至人民币 60,000 万元。本次增资不构成关联交易，也不构成《上市公司重大资产重组管理办法》 规定的重大资产重组情形。本次增资事项在公司董事会审批权限范围内，无需提 交公司股东会审议。具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）披露 的《关于向全资子公司增资的公告》（公告编号：2026-005）。 6、成立时间：2021 年 12 月 20 日 7、住所：江苏省通州湾江海 ...

招商证券股份有限公司 关于深圳市强达电路股份有限公司 向全资子公司增资的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为深圳 市强达电路股份有限公司（以下简称"强达电路"或"公司"）首次公开发行股 票并在创业板上市持续督导阶段的保荐机构，根据《证券发行上市保荐业务管理 办法》《上市公司募集资金监管规则》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所创业板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，对强达电路使用募集资金及自有 资金向全资子公司增资的事项进行了核查，核查情况如下： 一、募集资金的基本情况 根据中国证券监督管理委员会核发的《关于同意深圳市强达电路股份有限公 司首次公开发行股票注册的批复》（证监许可〔2024〕1140 号），公司首次公 开发行人民币普通股（A 股）1,884.40 万股，每股面值为人民币 1.00 元，发行价 格为人民币 28.18 元/股，募集资金总额为人民币 53,102.39 万元，扣除发行费用 人民币 7,781.98 万元（不含增值税），实际募集资金净额为人民币 45,320.41 万 元。 ...

证券代码：301628 证券简称：强达电路 公告编号：2026-006 深圳市强达电路股份有限公司 关于使用部分闲置自有资金进行现金管理的进展公告 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。 为提高公司的资金使用效率，合理利用闲置自有资金，获取较好的投资回报， 深圳市强达电路股份有限公司（以下简称"公司"）已于 2025 年 4 月 17 日召开 第二届董事会第八次会议、第二届监事会第八次会议，审议通过了《关于使用部 分闲置自有资金进行现金管理的议案》，同意在不影响正常经营及确保资金安全 的情况下，使用不超过人民币 10,000 万元（含本数）的暂时闲置自有资金进行 现金管理，投资期限自董事会审议通过之日起 12 个月内有效，在前述额度和期 限范围内可循环滚动使用。具体内容详见公司 2025 年 4 月 18 日披露于巨潮资讯 网（www.cninfo.com.cn）的《关于使用部分闲置自有资金进行现金管理的公告》 （公告编号：2025-024）。 近日，公司自有资金购买的现金管理产品进行了到期赎回，相应本金及收益 均归还至公司账户。公司继续使用部分暂时闲 ...

证券代码：301628 证券简称：强达电路 公告编号：2026-005 深圳市强达电路股份有限公司 | 序号 | 项目名称 | 总投资 | 原计划投入募集 | 调整后投入募集 | | --- | --- | --- | --- | --- | | | | | 资金 | 资金 | | 1 | 南通强达电路科技有限 公司年产 万平方米多 96 层板、HDI 板项目 | 100,000.00 | 48,000.00 | 36,320.41 | | 2 | 补充流动资金项目 | 12,000.00 | 12,000.00 | 9,000.00 | | | 合计 | 112,000.00 | 60,000.00 | 45,320.41 | 三、募集资金的存放和使用情况 关于向全资子公司增资的公告 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。 深圳市强达电路股份有限公司（以下简称"公司"或"强达电路"）于 2026 年 3 月 5 日召开第二届战略与 ESG 委员会 2026 年第一次会议、第二届董事会第 十三次会议，审议通过《关于向全资子公司增资的议案》，同意公司使用 ...

证券代码：301628 证券简称：强达电路 公告编号：2026-004 深圳市强达电路股份有限公司 本次增资基于全资子公司南通强达的实际需求，增资资金将用于南通强达的 项目建设及日常运营等相关工作。本次增资有利于提升南通强达资金实力，稳步 推进募投项目建设，符合公司主营业务发展方向，符合公司及全资子公司战略规 划及经营发展需要。本次增资使用的募集资金将严格用于实施募投项目，不存在 变相改变募集资金用途的情形，不存在影响募投项目正常进行和损害公司及股东 利益的情形。 表决结果：8 票同意，0 票反对，0 票弃权。 本议案已经董事会战略与 ESG 委员会审议通过。 1 第二届董事会第十三次会议决议公告 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。 一、董事会会议召开情况 深圳市强达电路股份有限公司（以下简称"公司"）第二届董事会第十三次 会议（以下简称"本次会议"）于 2026 年 3 月 5 日在公司会议室以现场结合通讯 表决方式召开。会议通知于 2026 年 2 月 28 日以电子邮件方式送达各董事。会议 应出席董事 8 人，实际出席董事 8 人。会议由公司 ...

Core Viewpoint - The continuous expansion and deepening of AI application scenarios are accelerating the development of global AI infrastructure, leading to an exponential increase in computing power demand, which is reshaping the electronic industry chain. PCB (Printed Circuit Board), as a core component of all electronic devices, is experiencing a shift towards high-density, high-precision, and high-performance upgrades due to the requirements of AI servers and high-end switches [1][2]. Industry Overview - The PCB market is categorized into various types based on layers and materials, with higher precision and performance required for AI servers, which typically use high multi-layer boards and HDI boards. The demand for 18 layers and above is expected to grow significantly, with a projected market value increase of 40.2% for high multi-layer boards and 18.8% for HDI boards in 2024, compared to an overall PCB industry growth of 5.8% [2]. - Domestic PCB companies are increasing production capacity to meet the rising demand for high-end PCBs, driven by local enterprises in AI servers, new energy vehicles, and 5G communications, which are reducing reliance on overseas suppliers [3]. Company Profile - Strongda Circuit (301628) is one of the few domestic companies capable of manufacturing high-end or arbitrary interconnection HDI boards, focusing on mid-to-high-end samples and small batch production. The global market for sample and small batch boards is projected to reach $11.825 billion in 2024, with domestic market value expected to grow to approximately $5.256 billion [4]. - In the first half of 2025, Strongda's revenue from sample and small batch boards accounted for 87.29% of total revenue, with high multi-layer boards showing a 27.55% year-on-year growth [5]. Financial Performance - For the first three quarters of 2025, Strongda reported a revenue of 706 million yuan, a year-on-year increase of 20.74%, and a net profit of 96.32 million yuan, also up by 20.91%. The company's gross margin of 31.56% significantly exceeds the industry average [7]. Production Capacity and R&D - Strongda is facing capacity constraints due to increasing order demands. To address this, the company plans to issue convertible bonds to raise up to 550 million yuan, primarily for expanding production capacity for mid-to-high-end multi-layer and HDI boards [8][9]. - The new production project is expected to achieve an annual capacity of 720,000 square meters of multi-layer boards and 240,000 square meters of HDI boards by July 2026, enhancing the company's market share in high-end PCBs [9]. - Strongda's R&D investment reached 25.88 million yuan in the first half of 2025, with a focus on key technologies for automotive electronics and AI servers, aiming to drive the company's high-end development [10].