登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000823 证券简称：超声电子 公告编号：2025-037 债券代码：127026 债券简称：超声转债 广东汕头超声电子股份有限公司 第十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内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 广东汕头超声电子股份有限公司第十届董事会第十三次会议通知于2025年9月24日以电子邮件方式发给 董事会成员，并电话确认，会议于2025年9月29日上午以通讯表决方式召开，由董事长主持，应有9名董 事参加表决，实际参加表决董事9名，3位监事及董秘参加审议，符合《公司法》及《公司章程》的规 定，经审议通过了以下议案： 四、关于修改《公司股东大会议事规则》的议案 一、关于对控股子公司汕头超声印制板公司增资的议案（见公告编号2025-038《广东汕头超声电子股份 有限公司关于对控股子公司汕头超声印制板公司增资的公告》） 该项议案表决情况：9票同意，获得通过。 二、关于变更公司注册资本的议案 经中国证券监督管理委员会"证监许可[2020]2781号"核准，公司于2020年12月8日公开发行了70 ...

印制板行业竞争激烈，本次增资可以帮助汕头超声印制板公司更新设备、引进技术和人才，从而提高产 品质量和生产效率，增强市场竞争力。例如，随着AI服务器、5G基站等领域的快速发展，对高阶HDI 板的需求不断增加，增资可以使公司更好地满足市场需求。 格隆汇9月29日丨超声电子(000823.SZ)公布，汕头超声印制板公司是本公司控股子公司，为中外合资企 业，1985年3月成立，原注册资本2250万美元，本公司控股75％，外方香港汕华发展有限公司参股 25%。根据汕头超声印制板公司的未来发展需要及财务状况，本次对汕头超声印制板公司增资600万美 元，本公司出资75%，计450万美元；香港汕华发展有限公司出资25%，计150万美元。增资后，汕头超 声印制板公司注册资本增至2850万美元。 ...

Group 1 - The company established a subsidiary, Anhui Hangyi Technology Co., Ltd., in Wuhu, Anhui, focusing on the research, production, and sales of liquid cooling pumps for data centers, renewable energy storage, and charging piles, with a power range of 16W to 22kW [2] - The company has over 40 clients in the liquid cooling sector, including HP, Shunling Environment, and Delta, and has a maximum production capacity of 1.2 million electronic pumps per year to meet the growing demand [2] - Currently, the company is involved in over 120 projects in the liquid cooling field, with some already in mass production, and is integrating thermal management technology with various advanced sectors such as AI cooling, 5G base stations, and renewable energy [2] Group 2 - In the first half of the year, the company reported revenue of 2.162 billion yuan, a year-on-year decrease of 8.67%, while net profit attributable to shareholders increased by 14.49% to 210 million yuan [3] - The company's net profit excluding non-recurring items reached 218 million yuan, reflecting a year-on-year growth of 24.65% [3]

Summary of Kegong Precision Machinery Conference Call Company Overview - **Company**: Kegong Precision Machinery - **Industry**: High-end printing equipment, specifically for electronics manufacturing Key Financial Metrics - **Gross Margin**: 41.86% in H1 2025, up 9.58 percentage points YoY [2][5] - **Revenue**: CNY 450 million in H1 2025, a 26% increase YoY [3] - **Net Profit**: CNY 67 million in H1 2025, a 144% increase YoY [3] - **Order Growth**: Orders increased nearly 70% in H1 2025, with expectations of continued strong growth [2][15] Revenue Structure - **Solder Paste Printing Equipment**: - Revenue: CNY 290 million, 64% of total revenue, up 53% YoY [3] - Gross Margin: Increased by 7.58 percentage points [3] - **Dispensing Equipment**: - Revenue: CNY 60 million, 13% of total revenue, with a gross margin of 31% [3] - **Flexible Automation Equipment**: - Revenue: CNY 24 million, gross margin of 58.57%, up 23 percentage points YoY [3] - **Packaging Equipment**: - Revenue: CNY 60 million, down approximately 40% YoY [3] Market Dynamics - **High-end Equipment Demand**: Significant growth in demand for high-end equipment, particularly in AI servers and mobile devices [6] - **Client Concentration**: Increased orders from large clients like Huawei and Foxconn, leading to a shift towards mid-to-high-end equipment [7] - **Laser Printing Equipment**: Maintained global leadership in shipments for five consecutive years, with over 50% market share in consumer electronics and network servers [8] Strategic Initiatives - **New Market Expansion**: Plans to enter automotive electronics, semiconductor silver paste printing, and medical devices [8] - **International Growth**: Overseas business nearly doubled in H1 2025, driven by server manufacturers in Southeast Asia [4][32] - **Product Development**: Introduction of new automated production lines, including 800G and 1.6T lines [31][35] Competitive Landscape - **Market Position**: Leading position in the market with competitors like ASMPT and IPW having higher average prices [9][22] - **Customer Base**: Diverse customer base with significant orders from major clients, including Foxconn and Huawei [28] Future Outlook - **Growth Projections**: Anticipated overall growth of approximately 30% for 2025, with H2 expected to reach 60-70% growth [15] - **Product Mix Changes**: Expectation for the share of high-end equipment (Category 3) to increase to 20-30% by the end of 2025 [16] Additional Insights - **Product Lifecycle**: Equipment typically has a lifecycle of 8-10 years, but major clients often replace every 2-3 years due to rapid product updates [29] - **Technological Advancements**: Focus on improving precision and stability in printing processes to meet the demands of smaller electronic components [24] This summary encapsulates the key points from the conference call, highlighting the company's performance, market dynamics, strategic initiatives, and future outlook.

Core Viewpoint - Ruthenium, previously an overlooked precious metal, has seen its price double in the past year due to increased demand from high-tech industries, supply-demand mismatches in the catalyst market, and supply constraints from key production regions [1][3][5]. Group 1: Introduction to Ruthenium - Ruthenium is a member of the platinum group metals (PGMs), characterized by its rarity and difficulty in extraction, often found as a byproduct of platinum or nickel mining [1]. - It possesses essential properties such as corrosion resistance, high hardness, and good electrical conductivity, making it irreplaceable in electronics, electrochemistry, and catalysis [1]. Group 2: Price Doubling Factors - The surge in demand for high-performance conductive materials from the explosive growth of AI computing, 5G base stations, and electric vehicles has led to a sudden shortage of Ruthenium, particularly in semiconductor manufacturing [3]. - The catalyst market has experienced a supply-demand mismatch, with emerging industries like ammonia fuel and hydrogen energy rapidly increasing their demand for Ruthenium catalysts, further straining supply [5]. - Key production regions for Ruthenium, such as South Africa and Russia, have faced production declines due to energy costs, mine maintenance, and geopolitical factors, leading to a tightening of supply [5]. Group 3: Psychological Amplifiers of Price Increase - The rising prices of precious metals are often influenced by market expectations and speculation, not solely by supply-demand dynamics [6]. - Industry buyers are preemptively stockpiling materials due to fears of shortages, while speculative funds are driving prices up in both spot and futures markets [6]. - Media coverage amplifying the narrative of scarcity and critical materials has created a market psychology of "buy now or miss out," further driving up prices [6].

Core Viewpoint - The article highlights the recent performance of A-share listed companies, focusing on significant stock price increases for specific companies amid a generally declining market trend. It emphasizes the importance of institutional research and the potential for growth in certain sectors, particularly in technology and manufacturing. Group 1: Market Performance - During the week of July 28 to August 1, A-share indices experienced fluctuations, with the Shanghai Composite Index falling by 0.94% to close at 3559.95 points, while the Shenzhen Component and ChiNext Index dropped by 1.58% and 0.74%, respectively [2] - Despite the overall market decline, two stocks, Defu Technology and Shenghong Technology, surged over 20%, reaching new highs for the year [3] Group 2: Institutional Research - A total of 125 listed companies disclosed institutional research minutes last week, with nearly 40% of the companies experiencing positive returns. Defu Technology and Shenghong Technology were among those with significant gains, with Defu Technology achieving a year-high stock price [3] Group 3: Defu Technology - Defu Technology (301511) hosted 144 institutional investors for research, the highest number for the week. The interest was driven by the company's plan to acquire 100% of Luxembourg Copper Foil for €1.74 billion, which is noted for its advanced technology and production capabilities [5] - The acquisition will increase Defu Technology's electrolytic copper foil production capacity from 175,000 tons per year to 191,000 tons per year, making it the world's largest producer [5] - The company highlighted a supply shortage in the global HVLP3 and above copper foil market, indicating strong future growth potential [5] Group 4: Shenghong Technology - Shenghong Technology, also in the electronic components sector, announced plans for a Hong Kong IPO to capitalize on global AI opportunities. The company aims to become a leading player in the AI hardware supply chain [6] - The funds raised from the IPO will be used for high-end capacity expansion, smart upgrades, and research in advanced PCB technologies, enhancing the company's global expansion capabilities [8] Group 5: Industry Insights - CIMC Group reported optimistic performance in its container business, driven by favorable US-China trade negotiations and increased demand for container orders, with expectations of industry production exceeding 3 million TEU for the year [9] - CATL disclosed a net profit of 30.5 billion yuan for the first half of the year, a 33.33% increase year-on-year, with a high capacity utilization rate of around 90% [9] - BOE Technology indicated a continued trend of inventory reduction in the LCD TV market, with expectations for price stabilization as demand recovers in August [9]