Summary of Key Points Core Viewpoint - On November 4, 2025, Qiangda Circuit experienced a block trade of 192,000 shares, amounting to 16.0396 million yuan, which represented 4.78% of the total trading volume for the day. The transaction price was 83.54 yuan, reflecting a discount of 9.99% compared to the market closing price of 92.81 yuan [1]. Trading Details - The block trade involved a total of 3.60 million shares at a price of 83.54 yuan, with the total transaction value being 300.74 million yuan from institutional buyers [2]. - Additional trades on the same day included 4.00 million shares at the same price, with transaction values of 334.16 million yuan from various brokerage firms, including Huatai Securities and China Galaxy Securities [2].

Core Viewpoint - Strongda Circuit (301628) announced the lifting of restrictions on a portion of shares issued prior to its initial public offering, allowing for increased liquidity in the market [1] Summary by Relevant Sections - **Shareholder Information** - The lifting of restrictions involves one shareholder, with a total of 2,429,100 shares being released [1] - This represents 3.22% of the company's total share capital [1] - **Market Impact** - The shares will become tradable on November 4, 2025, which may influence market dynamics and investor sentiment around the company [1]

证券代码：301628 证券简称：强达电路 公告编号：2025-053 深圳市强达电路股份有限公司 关于部分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。 特别提示： 1、深圳市强达电路股份有限公司（以下简称"公司"）本次解除限售的股 份为首次公开发行前已发行的部分股份。 2、本次解除限售的股东共 1 名，涉及股东户数为 1 户，解除限售股份数量 为 2,429,100 股，占公司总股本的 3.22%。 3、本次解除限售股份的上市流通日期为 2025 年 11 月 4 日（星期二）。 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会《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）同意注册，公司获准向 社会公开发行人民币普通股（A 股）1,884.40 万股，并于 2024 年 10 月 31 日在 深圳证券交易所创业板上市。 公司首次公开发行前总股本 56,531,800 股，首次公开发行股票完成后总股本 为 75,375,800 股，其中有限售条件流通 ...

Group 1 - The core viewpoint of the news is that Qiangda Circuit experienced a slight decline in stock price and had notable financing activities on October 29, 2023, with a net financing outflow [1] - On October 29, Qiangda Circuit's stock price fell by 0.77%, with a trading volume of 139 million yuan, and the financing balance reached 157 million yuan, accounting for 9.16% of the circulating market value [1] - The company specializes in the research, development, production, and sales of printed circuit boards (PCBs), with 95.76% of its revenue coming from PCB sales [1] Group 2 - As of September 30, 2023, Qiangda Circuit had 13,000 shareholders, a decrease of 14.74% from the previous period, while the average number of circulating shares per shareholder increased by 17.29% to 1,446 shares [2] - For the period from January to September 2023, Qiangda Circuit reported a revenue of 706 million yuan, representing a year-on-year growth of 20.74%, and a net profit attributable to shareholders of 96.32 million yuan, up 20.91% year-on-year [2] - The company has distributed a total of 30.15 million yuan in dividends since its A-share listing [3]

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。 特别提示： 1、深圳市强达电路股份有限公司（以下简称"公司"）本次解除限售的股 份为首次公开发行前已发行的部分股份。 2、本次解除限售的股东共 5 名，涉及股东户数为 5 户，解除限售股份数量 为 11,350,700 股，占公司总股本的 15.06%。 3、本次解除限售股份的上市流通日期为 2025 年 10 月 31 日（星期五）。 证券代码：301628 证券简称：强达电路 公告编号：2025-052 深圳市强达电路股份有限公司 关于部分首次公开发行前已发行股份上市流通提示性公告 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会《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）同意注册，公司获准向 社会公开发行人民币普通股（A 股）1,884.40 万股，并于 2024 年 10 月 31 日在 深圳证券交易所创业板上市。 公司首次公开发行前总股本 56,531,800 股，首次公开发行股票完成后总股本 为 75,375,800 股，其中有限售条 ...

招商证券股份有限公司 公司首次公开发行前总股本 56,531,800 股，首次公开发行股票完成后总股本 为 75,375,800 股，其中有限售条件流通股数量为 56,531,800 股，占发行后总股本 的比例为 75%，无限售条件流通股数量为 18,844,000 股，占发行后总股本的 25%。 二、本次上市流通的限售股形成后至今公司股本数量变化情况 自公司首次公开发行至本核查意见出具日，公司未发生因股份增发、回购注 销、送红股或资本公积金转增股本等导致公司股本数量变动的情形。 关于深圳市强达电路股份有限公司 部分首次公开发行前已发行股份上市流通的核查意见 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》《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》《深圳证券交易所上市公司自律 监管指引第 13 号——保荐业务》等有关法律法规和规范性文件的要求，对强达 电路部分首次公开发行前 ...

Core Insights - The company reported a revenue of 706 million yuan for the first three quarters of 2025, representing a year-over-year increase of 20.74% [1] - The net profit attributable to shareholders reached 96 million yuan, with a year-over-year growth of 20.91% [1] - The gross margin and net margin were 30.79% and 13.64%, respectively [1] Financial Performance - In Q3 2025, the company achieved a revenue of 251 million yuan, showing a year-over-year increase of 27.66% but a quarter-over-quarter decrease of 1.49% [1] - The net profit attributable to shareholders for Q3 was 38 million yuan, reflecting a year-over-year increase of 58.91% and a quarter-over-quarter increase of 16.40% [1] - The gross margin and net margin for Q3 were 31.56% and 14.99%, respectively [1] Market Dynamics - The growth in performance is driven by an increase in downstream demand, particularly in the electric vehicle sector and the rising need for sample/small batch production due to electrification and ADAS features [1] - Industrial automation replacement and expansion in AI server capacity, along with updates in broadband and switching equipment, are contributing to the demand for samples and small batch boards [1] Future Outlook - The company is expected to achieve a revenue of 964 million yuan in 2025, a year-over-year increase of 21.6%, with a projected net profit of 131 million yuan, up 16.0% year-over-year [1] - The company has been actively stocking raw materials in Q3, anticipating continued recovery in the industrial, communications, and automotive sectors [1] Margin Improvement - The gross margin improved by 0.42 percentage points in Q3 compared to the previous quarter, continuing an upward trend since Q1 2025 [2] - The improvement in gross margin is attributed to ongoing product structure optimization and the high-end sample positioning of the Shenzhen factory [2] - The company expects further gross margin enhancement as equipment matures, projecting an annual gross margin of 31% [2] Strategic Initiatives - The company has established a "dual-engine" growth strategy, focusing on deepening its presence in industrial and communication markets while exploring cutting-edge fields such as AI computing, high-speed optical interconnects, intelligent driving, and humanoid robots [2] - This strategy aims to convert the company's strong foundation in high-end samples and small batch manufacturing into robust performance growth [2] Revenue Projections - Revenue forecasts for 2025 and 2026 are 964 million yuan and 1.141 billion yuan, respectively, with net profits of 131 million yuan and 162 million yuan [2] - The corresponding price-to-earnings ratios are projected to be 53x for 2025 and 43x for 2026, maintaining a "hold" rating [2]

Investment Rating - The report maintains a "Hold" rating for the company [3] Core Views - The company reported a revenue of 706 million yuan for the first three quarters of 2025, representing a year-over-year increase of 20.74%, and a net profit attributable to the parent company of 96 million yuan, up 20.91% year-over-year [1] - The third quarter of 2025 saw a revenue of 251 million yuan, a year-over-year increase of 27.66%, and a net profit of 38 million yuan, reflecting a year-over-year growth of 58.91% [1] - The gross margin and net margin for Q3 2025 were 31.56% and 14.99%, respectively [1] - The company anticipates a revenue of 964 million yuan for 2025, a 21.6% increase year-over-year, and a net profit of 131 million yuan, a 16.0% increase year-over-year [2] Summary by Sections Financial Performance - For Q3 2025, the company achieved a revenue of 251 million yuan, with a gross margin of 31.56% and a net margin of 14.99% [1] - The company expects to reach a gross margin of 31% for the entire year of 2025 due to ongoing product structure optimization [2] Market Dynamics - The growth in the company's performance is driven by the increasing sales of new energy vehicles and the demand for small-batch production driven by electrification and ADAS features [2] - The company is actively stocking raw materials in Q3 2025, anticipating continued recovery in industrial, communication, and automotive sectors [2] Future Projections - Revenue projections for 2025 and 2026 are 964 million yuan and 1.141 billion yuan, respectively, with corresponding net profits of 131 million yuan and 162 million yuan [3] - The company aims to leverage its strengths in high-end sample and small-batch manufacturing to drive growth in emerging fields such as AI computing and intelligent driving [2]

Core Viewpoint - Strongda Circuit (301628.SZ) reported a revenue of 706 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 20.74% [1] - The net profit attributable to shareholders reached 96.32 million yuan, marking a year-on-year increase of 20.91% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 95.45 million yuan, showing a year-on-year growth of 31.04% [1] - Basic earnings per share stood at 1.28 yuan [1]

证券代码：301628 证券简称：强达电路 公告编号：2025-051 深圳市强达电路股份有限公司 关于使用部分闲置募集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。 深圳市强达电路股份有限公司（以下简称"公司"）于 2024 年 12 月 21 日 召开第二届董事会第六次会议、第二届监事会第六次会议，审议通过《关于使用 部分闲置募集资金进行现金管理的议案》，同意公司在确保不影响正常运营和募 集资金投资项目建设的情况下，拟使用不超过人民币 32,500.00 万元（含本数） 的闲置募集资金进行现金管理，用于购买安全性高、流动性好、风险性低的保本 型产品，同时满足单项产品投资期限最长不超过 12 个月及保本要求。上述额度 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。闲置募集资金现金管理到期后将及时归还至募集资金专户。具体内容详见 公司 2024 年 12 月 23 日披露于巨潮资讯网（www.cninfo.com.cn）的《关于使用 部分闲置募集资金进行现金管理的公告》（公告编号：2024-012 ...