广东世运电路科技股份有限公司 第五届董事会第七次会议决议公告 证券代码：603920 证券简称：世运电路 公告编号：2025-058 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 广东世运电路科技股份有限公司（以下简称"公司"）第五届董事会第七次会议（以下简称"会议"）通知 于2025年8月5日以电子邮件方式发出，于2025年8月10日以通讯表决的方式召开，并以记名的方式进行 了表决。会议由董事长林育成先生主持，会议应参加董事7人，实际参加7人。公司监事及高级管理人员 列席了本次会议。本次会议的召开符合有关法律法规和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 审议并通过《世运电路关于拟投资深圳新声半导体有限公司暨关联交易的议案》 为进一步提升公司未来盈利空间，公司与关联方天津顺科聚芯创业投资基金合伙企业（有限合伙）、非 关联方天津泓生嘉诚股权投资合伙企业（有限合伙）拟分别通过增资的方式对深圳新声半导体有限公司 （以下简称"新声半导体"）进行投资，各方合计向新声半导体增资26,900万元 ...

Core Viewpoint - Shiyun Circuit plans to invest 125 million yuan in Shenzhen Xinsong Semiconductor, which has a net asset of 21.2 million yuan and a valuation of 3 billion yuan [2][3] Investment Details - The investment will be made through capital increase, acquiring 3.8238% equity in Xinsong Semiconductor [2] - The investment requires only board approval and does not need a shareholders' meeting [2] Company Overview - Xinsong Semiconductor specializes in the R&D, production, and sales of SAW (Surface Acoustic Wave) filters and BAW (Bulk Acoustic Wave) filters [3] - The company holds over 170 authorized patents in China and the U.S., with products covering mainstream mobile communication frequency bands [3] - It is the first filter company in China to pass AEC-Q200 automotive certification, with products already in mass production for the automotive market [3] Financial Performance - As of June 30, 2025, Xinsong Semiconductor's total assets and net assets are 458 million yuan and 21.2 million yuan, respectively, with a debt ratio of 95.37% [4][6] - The company reported revenues of 227 million yuan and a net loss of 28.8 million yuan for the year 2024, with a revenue of 102 million yuan and a net loss of 55.3 million yuan for the first half of 2025, indicating an expanding loss [4][6] Valuation Basis - The investment is based on a pre-investment valuation of 3 billion yuan, which reflects the company's product development progress and business growth compared to the previous financing round [7] - The previous financing round had a post-investment valuation of approximately 2.538 billion yuan [7] Product Development and Business Growth - Xinsong Semiconductor has made significant progress in product development, including new high-frequency BAW products and successful mass production of automotive-grade filters [7] - The company achieved a revenue of 102 million yuan in the first half of 2025, representing a 25% year-on-year growth, with a strong order backlog [8] Company Background - Shiyun Circuit specializes in PCB (Printed Circuit Board) manufacturing and was listed on the Shanghai Stock Exchange in April 2017 [8] - As of August 8, 2023, Shiyun Circuit's market capitalization is 23.06 billion yuan [9]

Group 1 - The company plans to invest 125 million yuan in Shenzhen New Voice Semiconductor Co., Ltd. through capital increase with both related and non-related parties [1] - After the transaction, the company will acquire a 3.8238% stake in the target company [1] - The investment aims to strategically position the company in high-tech segments of the electronic information industry, focusing on smart automotive and AIOT applications [1] Group 2 - The investment is expected to foster a deep cooperative relationship with the target company, promoting the adoption of new vehicle-mounted filters and modular solutions in the industry [1]

本次拟对新声半导体进行投资，一方面是在公司战略层面逐步在电子信息产业中高技术壁垒和成长性的 细分赛道进行前瞻性布局，加强公司对智能汽车、AIOT(人工智能物联网)等下游应用技术创新需求的 跟踪与研发。另一方面是未来有望与目标公司建立深度合作关系，共同推动新型车载滤波器及模组化方 案在行业内的普及与应用，实现双方共赢。 智通财经APP讯，世运电路(603920.SH)发布公告，公司拟以自有资金1.25亿元与关联方天津顺科聚芯创 业投资基金合伙企业(有限合伙)(简称"顺科聚芯")、非关联方天津泓生嘉诚股权投资合伙企业(有限合伙) (简称"泓生嘉诚")通过增资的方式对深圳新声半导体有限公司(简称"新声半导体""目标公司")进行投资。 本次交易完成后，公司将取得目标公司3.8238%股权。 ...