洪田股份 20250709 摘要 锂电铜箔行业在经历两年调整后开始复苏，市场需求和价格双双提升， 宏田的设备能帮助客户进行锂电铜箔和电子电路铜箔产能转换，尤其在 表面处理方面具有优势，订单量显著增加，客户遍及国内外。 电子电路铜箔方面，受益于 5G/6G 和 AI 算力需求，高端产品需求扩大。 宏田是国内唯一能提供整场全套定制设备厂商，稳定生产 3.5 微米极薄 铜箔及 9 微米 5G 高频高速电子电路铜箔，并向 3 微米/2 微米及 6 微米 产品升级。 宏田股份在真空镀膜设备领域发展迅速，提供的真空蒸发镀铝设备已达 进口水平，实现进口替代，且在成本和服务上更具优势。通过外延式布 局，在电子信息、半导体、光学等领域实现订单突破。 宏田股份与中科院上海光机所合作，在半导体光学领域取得进展，无掩 模直写光刻机已达国产最高光学等级，P20 设备已签署 demo 销售合同 且运行良好，并储备 P10 设备及 8~10 微米解析方案，计划明年底推出 5 微米整机解决方案。 Q&A 宏田股份在高端电解铜箔设备方面的最新进展和市场表现如何？ 今年以来，宏田股份在高端电解铜箔设备领域取得了显著进展。该业务主要分 为锂电铜箔 ...

Company Overview - Huizhou Zhongjing Electronics Technology Co., Ltd. (stock code 002579) was established in 2000 and provides one-stop PCB solutions, specializing in the research, production, and sales of rigid multilayer circuit boards (MLB), high-density interconnect boards (HDI), flexible circuit boards (FPC & FPCA), and rigid-flex boards (R-F) [1] - The company is recognized as a national key high-tech enterprise under the Torch Program and serves as the vice-chairman unit of the China Printed Circuit Association (CPCA), being one of the standard-setting units in the industry [1] Financial Performance - The financial report indicates that Dachen Fund's Dachen 360 Internet + Big Data 100A has entered the top ten shareholders of Zhongjing Electronics, with a holding ratio of 0.27% as of the first quarter of this year [1] - The fund has achieved a year-to-date return of 18.61%, ranking 264th out of 3426 in its category [2] Fund Management - The fund manager, Xia Gao, holds a Ph.D. in engineering from Tsinghua University and has extensive experience in fund management, having worked at Dachen Fund Management Co., Ltd. since July 2012 [3][4] - Xia Gao has managed various funds, including the Dachen 360 Internet + Big Data 100 Index Fund since February 3, 2016, and has a cumulative management experience of over 10 years [4]

Core Viewpoint - Guangdong Lair Technology Co., Ltd. is undergoing a share transfer where its controlling shareholder, Guangdong Tenail Investment Co., Ltd., will transfer 7,759,000 shares (5.00% of total shares) to Guangdong Shiyun Circuit Technology Co., Ltd. at a price of 19.74 yuan per share, totaling 153,162,660 yuan. This transfer does not involve a change in control or significant impact on the company's governance structure [1][2][3]. Summary by Sections Agreement Transfer Overview - The share transfer involves Guangdong Tenail Investment Co., Ltd. selling 7,759,000 shares to Guangdong Shiyun Circuit Technology Co., Ltd. at a price of 19.74 yuan per share, amounting to 153,162,660 yuan [2][3]. - Before the transfer, Tenail held 80,000,000 shares (51.55% of total shares), and after the transfer, it will hold 72,241,000 shares (46.55%) [1][2]. - Shiyun Circuit will hold 7,759,000 shares (5.00%) post-transfer, having held none prior [1][2]. Background and Purpose of the Transfer - Shiyun Circuit is a listed company on the Shanghai Stock Exchange, focusing on printed circuit boards (PCBs) and has expanded into high-growth sectors such as new energy vehicles and AI [2][3]. - The transfer aims to establish Shiyun Circuit as a strategic investor and long-term partner for Lair Technology, facilitating collaboration in automotive electronics, new energy batteries, and emerging fields like AI and robotics [3][4]. Strategic Cooperation Framework - The partnership will focus on joint research and development, optimizing product offerings in areas like "film + FFC + PCB" solutions, enhancing customer engagement and product performance [3][14]. - Both companies will leverage their customer resources in automotive electronics and new energy sectors to expand market coverage and enhance competitiveness [6][14]. - The collaboration will also explore supply chain synergies, aiming to improve procurement efficiency and stability [7][15]. Future Collaboration and Market Expansion - The strategic relationship is expected to drive joint market development, particularly in high-growth areas such as AI servers and low-altitude flying vehicles [6][14]. - Both companies will work together to identify potential acquisition opportunities in high-growth sectors, enhancing their market positions and long-term value [8][15]. Compliance and Approval Process - The share transfer is subject to compliance confirmation by the Shanghai Stock Exchange and registration with the China Securities Depository and Clearing Corporation [2][3].

上交所上市委公告，超颖电子电路股份有限公司首发7月10日上会。 ...

内容概况：中国电子电路铜箔行业正处于快速发展与转型升级的关键阶段。随着5G通信、新能源汽 车、物联网等新兴产业的快速发展，电子电路铜箔的需求持续攀升。2024年，中国电子电路铜箔销量为 44万吨，同比增长7.32%。技术方面，电子电路铜箔行业正加速向高端化迈进。高频高速铜箔、极薄铜 箔（如4微米级产品）等高性能材料成为研发重点。以德福科技为代表的企业已实现4微米铜箔量产，推 动动力电池能量密度突破400Wh/kg。然而，国内高端产品市场仍依赖进口，如低轮廓铜箔、HDI铜箔 等，国产化替代空间巨大。 相关上市企业：中一科技（301150）、诺德股份（600110）、超华科技（002288）、嘉元科技 （688388）、铜冠铜箔（301217）、德福科技（301511）、逸豪新材（301176） 相关企业：江西铜业集团有限公司、铜陵有色金属集团股份有限公司、云南铜业股份有限公司、大冶有 色金属集团控股有限公司、云南云天化股份有限公司、湖北宜化化工股份有限公司、西安泰金新能科技 股份有限公司、航天科技集团四院四十一所、华为技术有限公司、中兴通讯股份有限公司、烽火通信科 技股份有限公司、小米科技有限责任公司、比亚迪股 ...

点击注册小程序 兴森科技通过持续的研发投入提升技术能力，以数字化改造提升工厂的经营管理效率，以稳定的交付和质量表 现提升客户满意度。根据公司年报援引CPCA发布的第二十三届中国电子电路行业排行榜，公司在综合PCB百 强企业位列第十四名、内资PCB百强企业中位列第七名。根据公司年报援引Prismark公布的2024年全球PCB四 十大供应商，公司位列第三十名。 封装基板业务成长空间广阔 公司CSP封装基板业务聚焦于存储、射频两大主力方向，并向汽车市场拓展，产品结构向高附加值高单价的方 向拓展，尤其是多层板难度板，致力于通过优化产品结构增强盈利能力。受益于存储芯片行业复苏和主要存储 客户的份额提升，2024年公司CSP封装基板业务产能利用率逐季提升。公司持续推进客户认证和量产导入工 作，样品订单持续交付，整体良率持续改善提升，高层板进入小批量量产阶段，该业务有望打开广阔成长空 间。 公司营收实现持续增长 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中 ...

2025 年 7 月 1 日 公司研究 营收持续增长，成长空间广阔 ——兴森科技（002436.SZ）跟踪报告之五 要点 兴森科技专注于先进电子电路方案产业， PCB 和半导体两大业务助力成长。公 司传统 PCB 业务聚焦于样板快件及批量板的研发、设计、生产、销售和表面贴 装，公司深化推进 PCB 工厂的数字化变革，实现从工程设计、制造、供应链等 全流程数字化改造，持续提升客户满意度和经营效率；高阶 PCB 领域，公司完 善 Anylayer HDI 板和类载板（SLP）业务布局，在坚守高端智能手机主赛道的 基础上，全力拓展高端光模块、毫米波通信市场；公司半导体业务聚焦于 IC 封 装基板（含 CSP 封装基板和 FCBGA 封装基板）领域，立足于芯片封装测试环节 的关键材料自主配套。公司产品广泛应用于通信设备、消费电子、工业控制、医 疗电子、服务器、轨道交通、计算机应用、半导体等多个行业领域。 兴森科技持续保持 PCB 行业领先地位。兴森科技通过持续的研发投入提升技术 能力，以数字化改造提升工厂的经营管理效率，以稳定的交付和质量表现提升客 户满意度。根据公司年报援引 CPCA 发布的第二十三届中国电子电路行 ...

以下文章来源于新周刊 ，作者陈倚 新周刊 . 来源丨 新周刊（ID：new-weekly） 作者丨陈倚 编辑丨一鸣 图源丨Midjourney 6月23日起，全国各地高考成绩陆续可以查询，高考志愿填报也随之成为社交平台上的热门话题。 而在热门与冷门的标签之外，总有一些专业经历过，或者正在经历"翻红"。 十年前的冷门专业，十年后可能歪打正着成了新兴行业的"香饽饽"；曾经被吐槽的"天坑专业"，也可 能因为时代和科技的发展变成" 天选专业"；连续多年"亮红牌"的专业（即"不建议报考"的专业，通 常为人才供需失衡、市场就业空间较小，薪资待遇以及未来前景较差的专业），也可能因为具备考编 优势而持续吸引众多学子报考。 中国最新锐的生活方式周刊。 一个专业的"红"体现的是社会的关注讨论热度，而"翻红"的偶然性往往源于特定的时代背景，难以预 测。 唯一不变的是变化。不同的个体选择就像驶向不同方向的小船，或许带着几分模糊的方向感，但都在 时代的航程中掀起了奇妙的浪花。 我们寻访了四位来自"翻红专业"的毕业生，他们的求学和职业轨迹，或许可以成为重新思考时代机遇 与个人选择的参考。 我是学校第一个从经济学院 转到工科学院的学生 洋 ...

Core Points - Suzhou Dongshan Precision Manufacturing Co., Ltd. is issuing shares to specific investors, with a total of 125,693,822 shares to be issued at a price of 11.17 RMB per share after adjustments [10][11][20] - The total funds raised from this issuance amount to approximately 1.404 billion RMB, with a net amount of about 1.392 billion RMB after deducting issuance costs [9][11][12] - The issuance is primarily aimed at enhancing the company's working capital to support business development and improve its competitive strength [26] Issuance Details - The shares will be issued to two specific investors, the controlling shareholders Yuan Yonggang and Yuan Yongfeng, who will fully subscribe to the shares using cash [10][14] - The shares will have a lock-up period of 36 months, during which they cannot be transferred [20][21] - The issuance complies with the regulations set by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [17][19] Financial Impact - The issuance will increase the company's total share capital and improve its financial structure, with the total number of shares increasing from approximately 1.706 billion to about 1.832 billion [21][25] - The basic earnings per share are expected to decrease slightly from 0.27 RMB to approximately 0.2489 RMB post-issuance, while the net asset per share will remain relatively stable [24][25] - The funds raised will be allocated to enhance liquidity and support ongoing business operations without altering the company's core business structure [26][27] Corporate Governance - The issuance process has been reviewed and approved by the board of directors and shareholders, ensuring compliance with internal governance procedures [17][19] - The controlling shareholders' ownership percentage will increase, but the overall control of the company will remain unchanged [25][26] - The company will continue to adhere to legal and regulatory requirements in its governance practices post-issuance [27]

访问36氪出海网站letschuhai.com，获取更多全球商业相关资讯。 今日好文 这一年，中国出口了多少"全球爆款"？ 中国产品已然超越了简单的商品属性，深度嵌入全球亿万家庭的日常肌理。 「葫乐科技」已和苹果、三星等全球超五十家硬件厂商合作，日活跃用户超400万，覆盖超190个国家。 热点快讯 全球 Robotaxi 玩家"竞速"商业化落地，无人驾驶仍需多方发力破局 当地时间6月22日，特斯拉在美国得州奥斯汀启动 Robotaxi 试点运营服务，首批投入10辆 Model Y，用于 Robotaxi 服务，乘客需支付4.2美元的固定费用。这 意味着特斯拉所采用的视觉+端到端模型的技术路线逐步得到验证，同时也意味着 Robotaxi 的商业化进程进一步提速。当前，全球 Robotaxi 正逐步从技术验 证迈向商业化试点运营阶段。受访专家表示，Robotaxi 发展仍需要监管部门、整车厂、智能驾驶技术公司、出行服务运营商协同发力，逐步跨越技术、成 本、生态和政策多重挑战。需要相关部门给予企业开放包容的政策环境，并加快无人驾驶立法，让无人驾驶企业真正"跑"起来。（中国证券报） 广东：支持电商企业设立出口转内销专 ...