北京市中伦（深圳）律师事务所 关于捷邦精密科技股份有限公司 2026 年第一次临时股东会的 法律意见书 二〇二六年二月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 对本法律意见书的出具，本所律师特作如下声明： 1．本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员 资格、会议表决程序及表决结果的合法性发表意见，不对本次会议所审议的议案 内容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意见； 法律意见书 北京市中伦（深圳）律师事务所 关于捷邦精密科技股份有限公司 2026 年 ...

证券代码：301326 证券简称：捷邦科技 公告编号：2026-008 捷邦精密科技股份有限公司 2026 年第一次临时股东会决议公告 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。 网络投票的时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2026年2月11日（星期三）上午9:15-9:25、9:30-11:30，下午13:00-15:00。通过互 联网投票系统投票具体时间为2026年2月11日（星期三）上午9:15至下午15:00期 间的任意时间。 2、现场会议召开地点：广东省东莞市常平镇常东路636号3栋3楼大会议室； 特别提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次股东会不涉及变更以往股东会决议的情形。 一、会议召开和出席情况 1、会议召开时间： 现场会议时间：2026年2月11日（星期三）下午15:00； 3、召开方式：现场投票及网络投票相结合； 4、会议召集人：公司第二届董事会； 5、会议主持人：董事长杨巍先生； 6、本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股东 会规则》《深圳证券交易所创业板股票上市 ...

Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the rapid growth of capital expenditure in the AI sector, particularly among major tech companies like Amazon and Meta, with projected capital expenditures reaching $180 billion and $125 billion respectively by 2026, indicating an overall growth rate of nearly 70% from $376.1 billion last year to $650 billion this year [1][2]. Core Insights and Arguments - **AI Investment Trends**: AI-related investments are expected to accelerate, with a projected growth of 55% in 2024, 65% in 2025, and potentially 70% in 2026. Investments include cloud computing and logistics, with over 70% of purchases directly related to AI [3]. - **Importance of Optical Modules**: Optical modules are becoming increasingly significant in AI infrastructure, with their share of AI capital expenditure rising from 3% to 6% and potentially reaching 20% in the future. The demand for higher bandwidth optical modules is expected to surge due to network bandwidth becoming a bottleneck for computing clusters [4]. - **Leading Companies in Optical Communication**: Companies like Xuchuang and NewEase are highlighted for their high cost-performance ratio and comprehensive industry chain layout, which positions them favorably for valuation reassessment as semiconductor content increases [5][6]. - **Transformer Exports**: The power shortage in North America is driving an increase in transformer exports from China, with significant orders being fulfilled. The delivery cycles for large transformers are long, making the certainty of orders from North America high [7]. - **Market Dynamics for Large Transformers**: The U.S. market for large transformers is experiencing supply tightness, with a shift in procurement needs from power systems to data centers, which may lower entry barriers for new suppliers [8]. - **AI Power Market Outlook**: The year 2026 is anticipated to be pivotal for the AI power market, with significant orders expected for both external high-voltage direct current (HVDC) and internal systems [9]. - **Data Center Impact on Energy Storage**: The development of data centers is expected to significantly increase the demand for energy storage solutions, with recommendations for companies like Sungrow, which have competitive advantages in the U.S. market [10]. - **Commercialization of AI**: 2026 is projected to be a landmark year for AI commercialization, driven by advancements in language and visual models, as well as increased competition among domestic internet giants [11]. - **CPU Demand Surge**: The AI era is expected to increase demand for CPUs due to the unpredictable resource consumption associated with sandboxed execution tasks [12]. Additional Important Insights - **Changes in the Gas Turbine Supply Chain**: The gas turbine industry is experiencing significant order growth, with lead times extending to 2030 for some manufacturers, indicating a tightening supply chain [13][14]. - **Opportunities in the Media Sector**: The media industry is identified as a key area for AI commercialization, with major companies expected to ramp up capital expenditures. Specific opportunities are noted in AI advertising, AI comics, and AI gaming [19]. - **Recommendations in the Electronics Sector**: Key areas for investment in the electronics sector include storage chips, PCB technology, liquid cooling technology, and CPU-related segments, with specific companies recommended for their growth potential [20]. This summary encapsulates the critical insights and trends discussed in the conference call, providing a comprehensive overview of the current state and future outlook of the AI and related industries.

Group 1 - The core point of the article highlights that Jujie Microfiber has reached a 20% limit-up, indicating strong market performance [1] - Baichuan Co., Ltd. and China National Materials Technology have also hit the limit-up, reflecting positive investor sentiment [1] - Other companies such as Zhongtian Technology, Huazheng New Materials, Jiebang Technology, Xinzhoubang, Guoci Materials, and Ping An Electric have shown significant gains, following the upward trend [1]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the AIDC (Artificial Intelligence Data Center) sector, highlighting recent developments in the industry driven by advancements in AI models, particularly the popularity of ByteDance's Seedance 2.0 [1]. Core Insights and Arguments - **Recent Developments**: The rapid iteration of AI models by major domestic internet companies is noted, indicating a competitive landscape in the AIDC sector [1]. - **New Focus**: Jiebang Technology has received bulk orders for cold plates from a major manufacturer, suggesting a significant increase in production capacity and potential for future catalysts [1]. - **Continued Recommendations**: The report maintains recommendations for several companies, including: - Magpow (麦格米特) - Ruiming Technology (锐明技术) - New Ray Energy (新雷能) - Keda (科士达) [1]. Additional Important Information - The report emphasizes that the insights provided do not constitute formal investment advice and encourages reference to publicly available reports for risk disclosures [1].

Company and Industry Summary Company: JieBang Technology Key Points - **Transition to Diverse Growth Sectors** JieBang Technology is transitioning from being a leader in precision structural components for consumer electronics to aggressively entering multiple high-growth sectors, indicating significant earnings elasticity [1] - **Cold Plate Strategy** The company has adopted a dual-track strategy by acquiring Taiwanese targets to bind with AVC and directly supplying samples to NVIDIA, quickly obtaining factory certification and gradually expanding into other major North American manufacturers [2][3] - **High Technical Barriers in Liquid Cooling Plates** The technology barriers for liquid cooling plates are extremely high, with core challenges in micro-channel teeth and precision welding. The production capacity is secure in both domestic and Vietnamese factories [2][3] - **VC Thermal Plates and Consumer Electronics** VC thermal plates are essential components for managing heat in devices like smartphones. JieBang is a core supplier for Apple, covering multiple models including the iPhone and iPad. The iPhone 17 series is expected to significantly boost revenue, especially in high-end models like Pro and Pro Max [3] - **Conductive Carbon Black and Domestic Substitution** The high-performance conductive agent market is currently dominated by foreign companies like Cabot. JieBang has achieved a technological breakthrough with a gross margin of 30% and has successfully entered the supply chain of leading battery manufacturers like CATL, indicating a clear domestic substitution logic [4] - **Benefiting from Demand for Low-Cost, High-Performance Materials** The company is poised to benefit from the demand for low-cost, high-performance domestic materials driven by the new energy battery sector [5] - **Entry into Global Satellite Internet Market** JieBang has successfully entered the SpaceX supply chain, providing a complete set of high-precision structural components for Starlink user terminals, which positions the company to share in the growth of the satellite internet market [5] - **Upcoming Mass Production** The company is nearing the end of the sample validation phase, with mass production imminent [6] - **Commercial Aerospace as a New Growth Driver** The commercial aerospace sector is expected to become a new significant growth driver for the company [7]

Core Viewpoint - The company, Jieban Technology, has shown a significant increase in stock performance and is heavily reliant on major clients like Foxconn and Apple for its revenue streams [1][2][3]. Group 1: Company Overview - Jieban Technology is based in Dongguan, Guangdong, and was established on June 28, 2007, with its IPO on September 21, 2022 [7]. - The company specializes in customized precision components and structural parts, providing a range of services including product design, material selection, mold design, prototyping, testing, and mass production [7]. - The revenue composition of Jieban Technology is as follows: precision manufacturing products account for 92.70%, new materials for 5.79%, and other sources for 1.51% [7]. Group 2: Financial Performance - For the period from January to September 2025, Jieban Technology achieved a revenue of 962 million yuan, representing a year-on-year growth of 62.04% [7]. - The net profit attributable to the parent company was -12.58 million yuan, a significant decrease of 1762.51% compared to the previous year [7]. - The company has distributed a total of 43.24 million yuan in dividends since its A-share listing [8]. Group 3: Client and Market Dependency - The company's primary clients include Foxconn, Quanta Computer, Compal Electronics, Catcher Technology, and BYD, with sales to Foxconn constituting 35.58%, 36.85%, and 39.52% of total revenue in recent years [2]. - A significant portion of the company's products is used in Apple's laptops and tablets, with sales to Apple products accounting for 85.22%, 77.95%, and 81.27% of total revenue [2]. - The company is also involved in the carbon nanotube product market, primarily supplying conductive pastes for lithium batteries to major new energy manufacturers such as CATL and BYD [2]. Group 4: Market Trends and Stock Performance - On February 10, the stock price of Jieban Technology increased by 2.41%, with a trading volume of 283 million yuan and a turnover rate of 7.77%, leading to a total market capitalization of 9.878 billion yuan [1]. - The company has seen a net inflow of 20.89 million yuan from major investors, indicating a growing interest in the stock [4][5]. - The average trading cost of the stock is 120.90 yuan, with current price levels between resistance at 143.86 yuan and support at 130.39 yuan, suggesting potential for trading within this range [6].

Core Viewpoint - The company, Jieban Technology, has shown significant growth in revenue and is heavily reliant on major clients like Foxconn and Apple, while also benefiting from the depreciation of the Chinese yuan. Group 1: Company Performance - Jieban Technology's stock increased by 5.57% on February 9, with a trading volume of 372 million yuan and a turnover rate of 10.44%, bringing the total market capitalization to 9.645 billion yuan [1] - For the period from January to September 2025, the company achieved a revenue of 962 million yuan, representing a year-on-year growth of 62.04%, while the net profit attributable to shareholders was -12.5763 million yuan, a decrease of 1762.51% [7] - The company has distributed a total of 43.2365 million yuan in dividends since its A-share listing [8] Group 2: Client and Revenue Dependency - The company's primary clients include Foxconn, Quanta Computer, Compal Electronics, and BYD, with sales to Foxconn accounting for 35.58%, 36.85%, and 39.52% of total revenue in recent years [2] - A significant portion of the company's products is used in Apple's laptops and tablets, with sales revenue from products ultimately applied in Apple devices making up 85.22%, 77.95%, and 81.27% of total revenue [2] Group 3: Market and Industry Position - The company has a strong presence in the liquid cooling server business, which is progressing as planned, although specific project details are confidential due to non-disclosure agreements [2] - The company's carbon nanotube products are primarily used in lithium batteries, with supply agreements in place with several new energy manufacturers, including CATL and BYD [2] - As of the 2024 annual report, overseas revenue accounted for 67.79% of total revenue, benefiting from the depreciation of the yuan [3] Group 4: Shareholder and Institutional Holdings - As of September 30, 2025, the company had 7,464 shareholders, an increase of 12.82%, with an average of 3,646 circulating shares per shareholder, a decrease of 10.24% [7] - New institutional shareholders include several funds from the Fortune Group, indicating growing interest in the company's stock [9]

Core Viewpoint - The company forecasts a net loss attributable to shareholders of 40-55 million yuan for the year 2025, with a non-recurring net loss expected to be 45-60 million yuan, indicating significant short-term pressure on performance due to intensified competition in the consumer electronics sector [1] Group 1: Investment Highlights - The company is facing pressure on its short-term performance due to increased competition in the consumer electronics industry and pricing pressures from clients, leading to a decline in the unit price of some precision components and structural parts, which has resulted in a decrease in gross profit for related businesses [1] - The company is actively enhancing its industrial layout and expanding into new businesses and products, with a notable increase in period expenses, including approximately 20.39 million yuan in stock incentive costs for the first half of 2025, which is a year-on-year increase of about 13.2 million yuan, creating temporary pressure on profits [1] - Despite the current challenges, the acceleration of investments in new businesses such as thermal management is expected to provide growth opportunities in the future [1] Group 2: Business Development - The company has completed the acquisition of Sainogao, further enhancing its thermal management business layout, with Sainogao being a leading manufacturer in the mobile phone VC (Vapor Chamber) heat spreader etching processing field in China [2] - Sainogao has obtained supplier codes from major North American clients and has entered mass production for next-generation smartphone VC heat spreader components, indicating promising future development [2] - The company has also secured a temporary supplier code from a North American client for liquid cooling modules, with ongoing product introduction efforts, positioning itself in a high-growth, high-margin segment [2] Group 3: New Product Contributions - The company’s new material products, used as conductive agents in lithium battery electrode preparation, have gained supplier codes from well-known lithium battery end customers such as CATL, BYD, and EVE Energy [3] - The introduction of high surface area carbon black product lines, in addition to carbon nanotube conductive slurry products, meets the diverse conductive material needs of major lithium battery clients, with initial mass production approvals leading to incremental revenue contributions [3] Group 4: Profit Forecast - The company forecasts revenues of 1.27 billion, 2.31 billion, and 3.66 billion yuan for the years 2025, 2026, and 2027, respectively, with expected EPS of -0.57, 2.62, and 4.67 yuan [4] - The current stock price corresponds to a PE ratio of -214, 47, and 26 times for the respective years, reflecting the potential for upward earnings revisions as the VC heat spreader business enters a growth phase and liquid cooling modules are introduced to North American clients [4]

吉他没有琴弦，却能奏响美妙乐章。只需指尖轻触光带，配合手机APP提示，新手也可弹出心仪曲目。 日前，在央视新闻推出的《东莞造好物·美学奇妙游》现场，主持人撒贝宁忍不住点赞由东莞制造的全 球首款无弦智能吉他。 风靡全球的无弦吉他、双轮足机器人"刑天"、四足机器狗"星仔"……近年来，东莞制造频频出圈，越来 越多的"东莞好物"流向千家万户。这些产品背后，是东莞将科技创新和产业创新深度融合，打造科技成 果转化新高地的久久为功。 技术的持续跃迁，源自企业真金白银的投入。2024年数据显示，生益科技、生益电子、奥海科技、捷邦 科技等企业的研发投入居于上市莞企前列。其中，生益科技以11.56亿元研发投入成为"研发之王"，研 发占比达5.67%；奥海科技、生益电子分别投入3.52亿元和2.84亿元；捷邦科技研发人员占比近6%，远 超行业水平。 高强度研发投入 用户输入"是否存在一种导电不导热且密度比铁低的材料"，由松山湖材料实验室发布的材料科学AI工具 MatChat AI智能体瞬间就可给出靠谱答案，并提供参考文献。中国科学院物理研究所研究员、博士生导 师刘淼表示："MatChat AI智能体从28万篇材料科学、物理、化学论 ...