协和电子投资私募基金完成备案，股价震荡资金流出

Group 1 - The core focus of the news is on the recent investment progress of Xiehe Electronics, which has invested 5 million yuan in Wuxi Xingqi Yuzheng Venture Capital Partnership, accounting for approximately 2.2936% of the fund's shares [1] - The company aims to link high-tech industry resources through this investment, although private equity funds carry risks such as long investment cycles, low liquidity, and uncertain returns [1] - The company also disclosed the overall situation of other private equity fund investment projects during the same period [1] Group 2 - In the past week (February 5 to 11, 2026), Xiehe Electronics' stock price showed a fluctuating trend, with a closing price of 33.19 yuan on February 5, down 0.36%, and a closing price of 33.94 yuan on February 11, up 1.89% from February 5 [2] - Despite the stock price increase, there has been a net outflow of main funds, while retail funds have shown signs of inflow [2] - The stock price is currently close to the upper Bollinger Band at 34.47 yuan, with a support level at 32.21 yuan, indicating potential short-term volatility risks [2] Group 3 - The company's Q3 2025 report shows a revenue of 717 million yuan for the first three quarters, a year-on-year increase of 12.07%, while the net profit attributable to shareholders decreased by 4.03% to 44.71 million yuan [3] - In Q3 alone, revenue reached 267 million yuan, reflecting an 11.98% year-on-year growth, with a quarter-on-quarter improvement in net profit [3] - The gross margin stands at 17.49%, and the debt-to-asset ratio is 25.82%, indicating a maintained growth in overall profitability despite a slight decline in net profit year-on-year [3] Group 4 - The electronics industry is currently facing price increases in components, with a report from CITIC Securities indicating that since Q4 2025, price hikes in storage and copper-clad laminates (CCL) due to tight supply and rising upstream metal costs may pressure PCB companies' cost structures [4] - Xiehe Electronics specializes in automotive electronics and high-frequency communication PCBs, necessitating attention to the potential impact of industry price increases on its gross margin [4]