证券代码：301099 证券简称：雅创电子 上海雅创电子集团股份有限公司 | | □特定对象调研 □分析师会议 | | | | --- | --- | --- | --- | | 投资者关系活 | □媒体采访 √业绩说明会 | | | | 动类别 | □新闻发布会 □路演活动 | | | | | □现场参观 □其他（请文字说明其他活动内容） | | | | 参与单位名称 | 投资者及网上提问 | | | | 及人员姓名 | | | | | 时间 | 2025 5 28 日（周三）下午 15：00-17：00 | 年 | 月 | | 地点 | 深圳证券交易所"互动易平台"（http://irm.cninfo.com.cn）"云访谈" | | | | | 栏目 | | | | | 公司董事长：谢力书先生（线上） | | | | 上市公司接待 | 董事会秘书兼财务负责人：樊晓磊先生 | | | | 人员姓名 | 独立董事：顾建忠先生（线上） | | | | | 国信证券股份有限公司保荐代表人：孙婕女士、郑文英先生 | | | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | | 投资者关系活 | ...

证券代码：300319 证券简称：麦捷科技 深圳市麦捷微电子科技股份有限公司 投资者关系活动记录表 编号：2025-001 | 投资者关系活动类别 | □特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 ☑业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及人员姓 | 通过全景网"投资者关系互动平台" | | 名 | （https://ir.p5w.net）参与2024年度和2025年第一季 | | | 度网上业绩说明会的个人投资者及机构 | | 时间 | 2025年5月27日（星期二）15:00-17:00 | | | 公司通过全景网"投资者关系互动平台" | | 地点 | （https://ir.p5w.net）采用网络远程的方式召开业绩 | | | 说明会 | | | 董事兼总经理 张美蓉 | | 上市公司接待人员姓名 | 董事兼财务总监、董事会秘书 居济民 | | | 独立董事 黄森 | | | 保荐代表人刘洋 | | 投资者关系活动主要内 | 公司于2025年5月27日（星期二）1 ...

5月27日晚间，A股市场两家上市公司——罗平锌电（002114）和*ST东晶（002199）相继发布公告称，因控股股东筹划控制权变更 事项，公司股票自5月28日起停牌。 从县级到市级国资的"升级" 罗平锌电公告显示，控股股东罗平县锌电公司拟向曲靖市发展投资集团有限公司（简称"曲靖发投"）协议转让7242.76万股（占总股 本22.396%）。 若交易完成，实际控制人将由罗平县国资委变更为曲靖市国资委。值得关注的是，此次转让需经国资监管部门批准，且涉及股份为 控股股东当前持股的81.74%，交易完成后罗平县锌电公司持股比例将降至5%，彻底退出控股地位。 曲靖发投作为市级国资平台，业务涵盖基建投资、产业基金运营及国有资产管理，其入主或为罗平锌电带来资源整合机遇。公司近 年业绩承压明显，2024年营收12.6亿元同比降18%，净利润亏损7885万元；2025年一季度营收再降53.55%，亏损扩大至4500万元。 分析认为，市级国资的介入可能通过资金支持、债务重组或资源注入帮助公司改善经营，尤其在锌价波动、自给率不足的行业背景 下，提升产业链稳定性至关重要。 截至5月27日收盘，罗平锌电股价报收于7.19元/股，总市 ...

Core Viewpoint - *ST Dongjing is undergoing a potential change in control, with a new investor from the equity investment industry planning to acquire a significant stake, leading to a trading suspension for up to two days starting May 28 [2][6]. Group 1: Control Change Announcement - On May 27, *ST Dongjing announced that its control might change due to negotiations with a third-party investor, which could acquire 25% to 29.99% of the voting rights [6][9]. - The current largest shareholders, Ningbo Meishan Free Trade Port Area Blue Ocean Investment Management Center and shareholder Li Qingyue, hold 10.02% and 6.85% of shares, respectively [6][9]. - The company has no controlling shareholder or actual controller as of the 2024 annual report [6][9]. Group 2: Stock Performance - Following the announcement, *ST Dongjing's stock hit the daily limit up, closing at 6.26 yuan per share, with a total market capitalization of 1.524 billion yuan [2][9]. - The stock's trading volume was reported at 131,600 shares, indicating significant investor interest [4]. Group 3: Financial Performance - For the fiscal year 2024, *ST Dongjing reported an audited revenue of 217 million yuan, with a net loss attributable to shareholders of 73.45 million yuan [11]. - The company has been placed under delisting risk warning since March 26 due to financial performance issues, with a daily price fluctuation limit of 5% [11]. Group 4: Management's Future Plans - The management has denied any plans for equity transfer during a recent earnings call, emphasizing a focus on the core crystal oscillator business and efforts to improve operational efficiency and cost control [9][11]. - The company aims to enhance sales resources and R&D investments to maintain growth and seek new business opportunities [11].

Core Viewpoint - The termination of the share transfer agreement between the controlling shareholder and Yunnan International Trust is seen as a positive signal, indicating the controlling shareholder's confidence in the company's future development [2][10]. Group 1: Share Transfer Agreement - On May 9, Feirongda (300602.SZ) announced that the controlling shareholder, Ma Fei, reached an agreement with Yunnan International Trust to terminate the share transfer agreement, which involved the transfer of 29 million shares, accounting for 5% of the total share capital, at a price of 15.72 yuan per share, totaling nearly 460 million yuan [2]. - The purpose of the transfer was to introduce strategic investors who recognize the company's intrinsic value and future development potential, optimize the equity structure, and improve the financial structure of the actual controller [2]. - The agreement was originally proposed on November 25, 2024, but was terminated without any breach of contract responsibilities [2]. Group 2: Company Performance and Market Position - Feirongda has been a long-term supplier to Huawei since 1997, with sales to Huawei accounting for approximately 17% of the company's revenue in 2024 [15]. - The company's revenue has shown significant growth, with a compound annual growth rate (CAGR) of 13.9% from 2019 to 2024, and a 14.7% growth in Q1 2025, reaching 1.18 billion yuan [18][26]. - The main revenue contributors are thermal management materials, electromagnetic shielding materials, and lightweight materials, which accounted for 37%, 26%, and 14% of revenue in 2024, respectively [22]. Group 3: Financial Performance and Challenges - Despite revenue growth, the company's profit margins have not kept pace, with a significant drop in gross margins from 29.8% in 2019 to around 17% in recent years [34][41]. - The company has faced challenges such as rising raw material costs and increased competition, leading to a decline in profitability [37][68]. - Feirongda has been reliant on capital markets for funding, raising a total of 2.07 billion yuan through equity financing since its listing, indicating a struggle to generate sufficient cash flow from operations [86][90]. Group 4: Market Dynamics and Competition - The market for electromagnetic shielding and thermal management materials is growing, driven by increased demand in consumer electronics, telecommunications, and new energy sectors [17][68]. - However, the industry is characterized by low concentration and intense competition, with Feirongda holding less than 10% market share in the thermal management materials sector [69]. - The company faces pressure from larger international competitors and must navigate a landscape where pricing pressures are increasing due to the proliferation of manufacturers [72][74].

Group 1 - The core index, the CSI High-end Equipment Sub-index 50, reflects the performance of 50 representative listed companies in the aerospace and high-end equipment sectors, with a base date of December 31, 2012, set at 1000.0 points [1] - The CSI High-end Equipment Sub-index 50 has seen a 2.48% increase over the past month, a 1.82% decrease over the past three months, and a 0.96% decline year-to-date [1] - The top ten weighted companies in the index include AVIC Shenyang Aircraft Corporation (7.3%), AVIC Optoelectronics (6.9%), Aero Engine Corporation of China (6.21%), and others, indicating a concentration in key players within the industry [1] Group 2 - The index's holdings are primarily in the industrial sector, accounting for 74.18%, followed by materials at 10.73%, information technology at 7.60%, and communication services at 7.49% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, ensuring the index remains reflective of the current market [2] - Public funds tracking the CSI High-end Equipment Sub-index 50 include the Harvest CSI High-end Equipment Sub-index 50 Link A, Harvest CSI High-end Equipment Sub-index 50 Link C, and Harvest CSI High-end Equipment Sub-index 50 ETF [2]

Core Viewpoint - The transformation of Guangdong Fenghua High-tech Co., Ltd. (Fenghua High-tech) is attributed to strong leadership from Guangsheng Holdings Group and a focus on innovative management practices, which have positioned the company as a leader in the new component industry in China and among the top global manufacturers of chip components [1][2]. Organizational Changes - Fenghua High-tech has undergone significant organizational restructuring to enhance efficiency and responsiveness to market challenges, including the implementation of a dynamic management mechanism that allows for competitive recruitment and rotation of middle management [3][5]. - The company has initiated a "Successor Plan" to identify and train young talent for middle management roles, promoting a younger and more dynamic leadership team [5][8]. - A comprehensive training program for team leaders has been established, with a focus on optimizing departmental responsibilities and reducing the number of departments by 33% [5][6]. Financial Performance - Fenghua High-tech is projected to achieve a 17% increase in revenue and a 130.43% increase in net profit attributable to shareholders in 2024, with record production and sales volumes for its main products, showing growth of 29.02% and 28.2% respectively [6]. Innovation and R&D - The company has launched several key projects aimed at cost reduction and innovation, including the "P1 Extreme Cost Reduction" and "P2 Efficient Innovation" initiatives, which have led to significant improvements in management processes and innovation capabilities [9][11]. - Fenghua High-tech has standardized its R&D processes and increased investment in high-end product development, achieving breakthroughs in product specifications that compete with leading industry players [11][12]. Market Orientation - The company focuses on market-driven R&D, aligning product development with industry demands, particularly targeting emerging sectors such as AI computing, low-altitude economy, robotics, and new energy vehicles [12]. - Sales in the automotive electronics segment, communications segment, and industrial control segment have seen year-on-year growth of 66%, 24%, and 16% respectively, with new product categories like supercapacitors also experiencing significant revenue growth [12].

| | 2、公司应用创新业务目前主要在聚焦在哪些领域？ | | --- | --- | | | "萤火工场"是公司应用创新方案平台。主要以技术服务和 | | | 应用创新为核心，聚焦重点行业和产品线，为公司分销业务增长 | | | 和产业链上下游企业的创新发展提供技术支持、参考设计以及解 | | | 决方案。主要覆盖人工智能、新能源、AIoT、汽车电子、工业电 | | | 子、开源硬件等应用领域。 | | | 3、中电港有自建的仓库吗？可以为客户做哪些服务？ | | | 公司在虎门建有自动化立体仓库约5万m 2，并以其为中心集散 | | | 枢纽，在香港、华中、华南、华东等多个地建立了枢纽仓为二级 | | | 仓配中心，贴近客户一线建立了园区仓作为直接交付联动点，形 | | | 成了完善的三级仓布局。公司的协同配套服务能够为客户提供智 | | | 能仓储、敏捷通关、高效配送等一体化的供应链解决方案。 | | | 4、如何看待2025年半导体行业发展趋势？ | | | 据SIA数据，2024年全球半导体市场规模6,269亿美元，同比 | | | 增长19%，其中美洲增长38.9%、亚太增长17.5%、日本增长 ...

| | 特定对象调研 □分析师会议  | | --- | --- | | 投资者关系活动 | □媒体采访 业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 红思客资产 杨岌、赵吉星；北斗星投资 吴文贵；亚太汇金基 | | | 金 滕涛；远东宏信 张洪滔；华润银行 郭常林；路友创投 何 | | 参与单位名称及 | | | 人员姓名 | 天祥；银河证券 杨权；金航保理 时文里；中企云链齐晓梅； | | | 香港星悦资本 褚琤玮；创通新科 沈利君；个人投资者 彭晓 | | | 国 | | 时间 | 2025 年 5 月 22 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 公司董事、董事会秘书王丽春女士 | | 员姓名 | 公司集团市场副总裁徐东升先生 公司与投资者交流的主要内容如下： | | | 1、公司未来发展方向，公司的战略规划？ | | | 公司会持续增加在工业、新能源、汽车电子等市场领域的 | | 投资者关系活动 | 技术投入和资源倾向，同时进一步加强在光通讯、PC＆周边、 | | 主要内容介绍 | 服务器、机器人等细分新市场开拓，与更多 ...