本川智能可转债发行获深交所通过，前三季度业绩大幅增长

Core Viewpoint - Benkan Intelligent (300964) has received approval from the Shenzhen Stock Exchange for its application to issue convertible bonds, which could positively impact the company's financing and long-term development, pending registration with the China Securities Regulatory Commission [1] Stock Performance - The stock price of Benkan Intelligent has shown volatility over the past seven trading days, closing at 58.80 yuan on February 13, with a daily increase of 0.39% and a trading volume of 1.23 billion yuan [1] - On February 9, the stock price surged by 4.76% with a trading volume of 1.73 billion yuan, while on February 12, it rose by 1.10% with a trading volume of 1.37 billion yuan [1] - The stock is currently trading between the 20-day Bollinger Band resistance level of 64.13 yuan and the support level of 54.41 yuan, indicating a short-term oscillating pattern [1] Financial Performance - For the first three quarters of 2025, Benkan Intelligent reported a revenue of 614 million yuan, representing a year-on-year increase of 43.11%, and a net profit of 30.23 million yuan, which is a significant year-on-year growth of 142.98% [1] - The growth in performance is attributed to an increase in order volume, improved capacity utilization, and a higher proportion of high-value-added products, reflecting enhanced operational efficiency and a recovery in industry demand [1] Institutional Insights - Market attention towards Benkan Intelligent is moderate, with neutral sentiment prevailing [2] - One institution forecasts a net profit of 40 million yuan for 2025, a year-on-year increase of 33.33%, and a net profit of 46 million yuan for 2026, a year-on-year increase of 15.00% [2] - The company is positioned in the "small batch, multi-variety" PCB sector, targeting cutting-edge fields such as 6G communication and low-altitude economy, but faces trade policy risks due to over 60% of its sales being international [2]