Group 1 - The Shanghai Central Rise Leading Enterprises Index (H50014) experienced a decline of 0.46%, closing at 3020.69 points with a trading volume of 15.059 billion yuan [1] - Over the past month, the index has decreased by 1.21%, by 2.68% over the last three months, and by 0.83% year-to-date [1] - The index is composed of leading companies from various secondary industries within selected regions, providing a reference for investors interested in China's regional economic development [1] Group 2 - The top ten weighted companies in the index include: Daqin Railway (16.7%), Luoyang Molybdenum (14.89%), Shanxi Fenjiu (14.01%), Conch Cement (13.33%), Jiangxi Copper (11.22%), JinkoSolar (3.81%), Changsha Bank (3.35%), Jiuzhoutong (2.0%), Luan Environmental Energy (1.99%), and Wentai Technology (1.93%) [1] - The index is fully represented by companies listed on the Shanghai Stock Exchange [1] Group 3 - The industry composition of the index shows that materials account for 41.97%, industrials for 25.80%, consumer staples for 14.39%, financials for 5.05%, healthcare for 4.36%, energy for 3.77%, information technology for 2.74%, communication services for 1.01%, utilities for 0.47%, and consumer discretionary for 0.46% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [2]

Company Overview - Established in 2003, focusing on PCB design technology services with over 800 R&D engineers [1] - Industry leader in high-speed and high-density PCB design, providing high-quality rapid prototyping and small-batch manufacturing services [1][2] - Serves over 3,000 clients annually across various sectors including telecommunications, industrial control, AI, and aerospace [2] Production Capacity and Expansion Plans - The Zhuhai PCB factory is positioned for high-end rapid delivery and small-batch PCB manufacturing, with a planned capacity of up to 120 layers [3] - Initial capital expenditure of approximately 550 million RMB, with an expected additional investment of 300-500 million RMB for the second phase [3] - Current production capacity is sufficient to meet growing customer demand, with ongoing projects aimed at enhancing efficiency and expanding client relationships [6] Financial Performance and Profitability - The company’s gross margin is significantly higher than industry peers, primarily due to a focus on R&D prototyping orders, which account for about 90% of total orders [4] - The pricing model incorporates engineering service fees, contributing to higher margins compared to traditional EMS manufacturers [4][9] Order and Payment Cycle - PCB design orders typically take 2-4 weeks, while PCB+PCBA production requires 1-2 months from order to delivery [7] - Most clients operate on a monthly payment cycle [7] Strategic Focus and Future Developments - The company is actively collaborating with robotics firms and is preparing for increased demand in AI-related hardware, including high-end servers and data centers [10] - Anticipates the Zhuhai factory will contribute positively to overall revenue, with expectations of achieving monthly breakeven within the year [11] Customer Engagement and Communication - The company emphasizes transparent communication with investors, adhering to strict information disclosure protocols [11]

Core Viewpoint - The announcement details the completion of the second lock-up period for the employee stock ownership plan of Foxconn Industrial Internet Co., Ltd., and confirms that the performance assessment criteria for unlocking shares have been met [1][9]. Summary by Sections Employee Stock Ownership Plan - The employee stock ownership plan was approved in meetings held on June 1, 2022, and June 23, 2022, with specific regulations outlined for its management [2][3]. - The second lock-up period will end on June 9, 2025, and the performance assessment criteria have been achieved [3][9]. Shareholding and Lock-up Period - As of September 21, 2022, the company repurchased 125,977,669 shares, representing approximately 0.63% of the total share capital [4]. - The shares held in the repurchase account were transferred to the employee stock ownership plan account on June 9, 2023, accounting for 0.6341% of the total share capital at that time [4]. Performance Assessment - The performance assessment for the second unlocking period requires the net profit for 2023 to be no less than the average of the previous three fiscal years [6]. - The net profit for 2023 was reported at RMB 21.018 billion, a 9.59% increase from the average net profit of RMB 19.179 billion for the previous three years [7]. Unlocking Proportions - The unlocking proportion for the second lock-up period is set at 26.01%, corresponding to 46,623,942 shares, which is 0.23% of the total share capital [5][9]. - The unlocking process will be managed by the committee, which has the authority to adjust the assessment period and corresponding equity ratios [5][8]. Committee Opinions - The Board of Directors' Compensation and Assessment Committee confirmed that the conditions for unlocking the second lock-up period have been met according to relevant regulations [8]. - The Supervisory Committee also affirmed that the unlocking conditions for the second lock-up period have been satisfied [9].

二〇二五年六月十九日 富士康工业互联网股份有限公司 2024 年年度股东大会会议资料 议案五：关于《富士康工业互联网股份有限公司 2024 年度利润分配预 案》的议案 各位股东： 经普华永道中天会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日， 公司合并报表归属于上市公司股东的净利润为 2,321,646.90 万元，母公司未分配利 润为 1,401,643.70 万元。公司 2024 年度拟以实施权益分派股权登记日登记的总股本 （扣除拟回购注销的限制性股票）为基数，向全体股东每 10 股派发现金红利 6.4 元 （含税）。 截至 2025 年 4 月 29 日，公司总股本 19,858,862,807 股，扣除拟回购注销的限 制性股票，以 19,857,577,302 股为基数计算，合计拟派发现金红利 12,708,849,473.28 元（含税）。本年度公司现金分红占 2024 年度归属于上市公司股东的净利润比例为 富士康工业互联网股份有限公司 2024 年年度股东大会会议资料 富士康工业互联网股份有限公司 富士康工业互联网股份有限公司 2024 年年度股东大会会议资料 会议日程 ...

证券研究报告 | 债券定期报告 2025 年 06 月 10 日 关注科技板块转债机会 可转债策略周报（0603-0606） 成交久期缩短，收益率回落 一、一周行情回顾：转债市场随权益市场上涨 截至上周五，万得全 A 指数收于 5,156.21 点，一周上涨 1.61%；上证指数收于 3,385.36 点，一周上涨 1.13%；中证转债收于 433.92 点，一周上涨 1.08%；可 转债正股指数收于 1,855.59 点，一周上涨 2.39%。 权益市场方面，上证指数放量上涨。上周主要股指均上涨，其中创业板指领涨。 节奏上，周二到周四各指数持续上涨，周五小幅回调。分行业看，通信、有色 金属、电子、综合和计算机行业表现较好，家用电器、食品饮料、交通运输、 煤炭和钢铁行业跌幅领先。 转债行情方面，上周中证转债指数上涨，成交量转为增长。上周 AA-及以下级 别转债、小盘转债、高价转债表现相对占优。分行业看，轻工制造、有色金属、 计算机、家用电器和电子行业转债表现相对较好，银行、钢铁、商业贸易、建 筑材料和国防军工行业转债涨幅落后。个券层面，金陵转债（轻工制造）、亿 田转债（家用电器）、京源转债（公用事业）、华体转 ...

恒指高开0.21%，报24231.31点；恒生科技指数涨0.41%。快手、哔哩哔哩涨超2%，比亚迪电子涨近 2%。 ...

Summary of Longqi Technology Conference Call Company Overview - Longqi Technology benefits from the growth in demand for AI glasses, AI headphones, and smart automotive electronics, driving a wave of electronic product upgrades and increased shipment volumes [2][4] - The company employs a "1+2+x" strategy, with core business in smartphones, expanding into PC business and automotive electronics, as well as glasses, tablets, and wearable devices [2][7] - Global production capacity is established with manufacturing centers in China, Vietnam, and India, ensuring stable equity structure and binding core employees through stock incentive plans [2][7] Financial Performance - Revenue is expected to grow rapidly in 2024, but profits are projected to decline due to intensified industry competition and rising raw material costs [2][8] - Smartphone business accounts for approximately 80% of revenue, while AIoT business share has increased from 6% in 2022 to 12% in 2024 [2][9] - Raw material costs constitute over 85% of total costs, with screens accounting for more than 25% [2][9] Industry Trends - The smartphone industry has entered a mature market phase, but ODM penetration remains low at around 44%, indicating potential for growth [10] - High-end smartphone models are expected to see increased shipments due to the introduction of AI processors by Qualcomm and MediaTek [10] - Counterpoint Research predicts that AI smartphone shipments will reach 33% by 2025 and 700 million units by 2028 [10] Market Position - Longqi Technology leads the smartphone ODM market with a projected market share of 33% in 2024, ranking first [2][11] - In the wearable device sector, smartwatch shipments are expected to grow from 170 million units in 2024 to 600 million units by 2029, with ODM penetration exceeding 70% [3][12] Product Development - Longqi Technology's main products in the smart hardware ODM sector include smartphones, tablets, PCs, automotive electronics, smartwatches, fitness bands, headphones, and glasses [4][5] - The company has made significant strides in the automotive electronics sector, with products like cockpit domain controllers and central control screens, and has secured orders from clients such as Xiaomi and JAC Motors [5][15] Future Outlook - Revenue forecasts for 2025 to 2027 are estimated at approximately 47 billion to 66.7 billion yuan, with corresponding net profits of about 650 million to 1.3 billion yuan [5][15] - The wearable device market is expected to see significant growth, particularly in health monitoring features, which will drive smartwatch demand [12][13] - Longqi Technology has established a dedicated division for smartwatches and has been actively developing VR products since 2015, with successful collaborations with major brands [13] Strategic Initiatives - The company is focused on enhancing its R&D capabilities to meet technological demands and has implemented a stock incentive plan to align employee interests with company performance [7][9] - Longqi aims to increase its market share in the PC sector, with AI PC penetration expected to rise from 17% in 2024 to 35% by 2025 [14]

证券代码：688183 证券简称：生益电子 公告编号：2025-035 生益电子股份有限公司 第三届监事会第十五次会议决议公告 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、 监事会会议召开情况 生益电子股份有限公司（以下简称"公司"）第三届监事会第十五次会议于 年 6 月 5 日以邮件及书面形式送达各位监事，会议通知中包括会议的相关资料， 同时列明了会议的召开时间、召开方式和内容。本次会议应出席监事 3 人，实际 出席监事 3 人，会议由监事会主席彭刚先生主持。本次会议的召开符合《公司法》 《公司章程》及有关法律、法规的规定。 二、监事会会议审议情况 表决结果：同意3票；反对0票；弃权0票。 （一）审议通过《关于调整2024年限制性股票激励计划授予价格的议案》 监事会认为：鉴于公司2024年年度权益分派已实施完毕，公司对本次股权激 励计划首次授予价格和预留授予价格的调整符合《上市公司股权激励管理办法》 《激励计划》的相关规定，不存在损害公司及股东利益的情形。本次调整内容在 公司2024年第一次临时股东大会的授权范围 ...

Meeting Overview - The shareholder meeting of Luxshare Precision Industry Co., Ltd. was attended by 6,730 shareholders and representatives, representing 3,876,922,698 shares, which is 53.4830% of the total shares [1] - Among the attendees, 3 individuals participated in person, representing 2,755,560,159 shares (38.0136% of total shares), while 6,727 minority shareholders voted online [1] Voting Results - The proposal to acquire equity and assets of certain subsidiaries of Wente Technology Co., Ltd. was approved with 3,832,890,880 votes in favor, accounting for 98.8643% of the valid votes [1] - The total valid votes for this proposal were 3,876,922,698 shares, with 9,519,407 votes against (0.2455%) and 34,512,411 abstentions (0.8902%) [1] - For minority shareholders, the valid votes were 1,145,385,062 shares, with 0.8311% in favor and 3.0132% abstaining [1] Legal Compliance - The meeting adhered to the regulations of the "Rules for Shareholder Meetings of Listed Companies" and the "Articles of Association," confirming the legality of the meeting and voting procedures [1]

Group 1 - Jinling Sports announced that its convertible bonds experienced significant abnormal fluctuations, with a cumulative price deviation of 39.14% over three consecutive trading days, indicating potential irrational trading behavior and high market risk [3] - Haichen Pharmaceutical reported that its solid-state battery-related business has not yet generated revenue, and the project faces risks related to industrialization and commercialization due to macroeconomic and market environment changes [4] - Jinying Co. confirmed that there have been no significant changes in its daily operations, with stable production costs and sales, and no major adjustments in market conditions or industry policies [5] Group 2 - Lingyi Technology received acceptance from the Shenzhen Stock Exchange for its plan to issue convertible bonds and acquire a 66.46% stake in Jiangsu Kedasitern Automotive Technology Co., Ltd., along with raising supporting funds [6] - Sichuan Road and Bridge announced plans to acquire 100% equity of Chengdu Xinzhu Transportation Technology Co., Ltd. and other related assets to enhance its bridge component business and improve market competitiveness [7] Group 3 - Jianghuai Automobile reported May sales of 33,400 vehicles, a year-on-year decrease of 3.52%, with new energy vehicle sales dropping by 57.81% [9] - Aonong Biological announced May sales of 156,200 pigs, a year-on-year increase of 9.44%, with a total stock of 536,400 pigs at the end of May, reflecting a 22.56% year-on-year increase [10] - Juxing Agriculture reported May sales of 328,000 pigs, a significant year-on-year increase of 61.5%, generating sales revenue of 579 million yuan [12] Group 4 - Hongyuan Electronics' controlling shareholders plan to reduce their holdings by up to 1% of the company's total shares due to personal funding needs [14] - Kaichun Co. announced an increase in its share repurchase price limit from 26.625 yuan to 40 yuan per share, effective June 10, 2025 [16]