证券代码：002579 证券简称：中京电子 公告编号：2025－032 惠州中京电子科技股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 惠州中京电子科技股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日 召开第六届董事会第三次会议审议通过了《关于回购股份方案的议案》，公司拟 以集中竞价交易方式回购公司部分社会公众股股份，回购资金总额为 3000 万元 -5000 万元，回购价格不超过 12 元/股。本次回购股份将用于实施股权激励以及 维护公司价值及股东权益。具体内容详见公司于 2025 年 5 月 9 日在巨潮资讯网 （www.cninfo.com.cn）上披露的《回购报告书》（2025-029）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 予以披露。现将公司首次回购股份的情况公告如下： 一、首次回购公司股份的具体情况 份数量 680,000 股，约占公司总股本的 0.11%，最高成交价为 7.86 元/股，最低成 交价为 7.69 元/股，成交总金额 5,271,406.65 元（含交易费用）。本次回 ...

Core Viewpoint - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance capital strength, competitiveness, and international brand image, while advancing its globalization strategy [1] Financial Performance - In 2024, Longqi Technology achieved revenue of 46.382 billion yuan, a significant increase of 70.62% year-on-year, driven by the growth in smartphone, AIoT products, and tablet businesses [2] - Smartphone revenue reached 36.133 billion yuan, accounting for 77.9% of total revenue, with a year-on-year growth of 65.58% and a shipment of 107 million units, maintaining the top position in the global ODM market [2] - AIoT business revenue surged by 121.99% to 5.573 billion yuan, with over 29 million wearable devices shipped, leading in global market share [2] - Despite high revenue growth, net profit declined by 17.21% to 501 million yuan, indicating a core contradiction of "increasing revenue without increasing profit" [2] - The overall gross margin fell from 9.95% in 2023 to 6.08% in 2024, reflecting cost pressures and intensified market competition [2] Research and Development - In 2024, R&D expenses amounted to 2.08 billion yuan, representing 4.48% of revenue, with a focus on emerging fields such as AI PC and automotive electronics, although the R&D ratio is below the industry average of 7%-10% [3] - The establishment of overseas manufacturing bases in Vietnam and India has increased operational costs, leading to a 29.99% year-on-year decline in net cash flow from operating activities to 1.026 billion yuan [3] IPO Strategy and Potential Value - The core objectives of the H-share IPO include alleviating funding pressure, enhancing international brand strength, and optimizing the equity structure by attracting international institutional investors [4] - 78.6% of the 1.56 billion yuan raised from the A-share IPO has been invested in expanding smart manufacturing bases, while ongoing global capacity and R&D investments are needed [4] Business Synergy and Growth Points - Longqi Technology has made breakthroughs in automotive electronics, securing projects with NIO and Dongfeng Electric Drive, with plans to increase overseas automotive electronics orders to 30% by 2025 [5] - The company is developing AI PC products based on the X86 platform in collaboration with Microsoft and Intel, expecting double-digit growth in shipments by 2025 [6] Sustainability of Profitability - In Q1 2025, revenue was 9.378 billion yuan, a year-on-year decline of 9.27%, with a non-deductible net profit of 61 million yuan, down 28.95%, indicating weak demand for smartphones and a slowdown in AIoT business growth [7] - Concerns include the long-term ceiling of the ODM model with gross margins below 10% and high customer concentration risk, as the top five customers contribute over 80% of revenue [7] - The low gross margin of 1.19% from overseas operations in 2024 raises questions about the sustainability of scale expansion [7]

Group 1: Global Market Insights - The S&P 500 index path is narrowing while other indices show divergence, influenced by recent positive trade developments between the US and China, including a 90-day pause on reciprocal tariffs and recent tariff reductions [2] - The easing of trade tensions allows markets to overlook weak performance as recession risks decrease, but rising interest rate risks are becoming more pronounced [2] - The US remains the worst-performing major economy in terms of growth and inflation, with increasing cost pressures due to weakened American exceptionalism amid significant funding demands [2] Group 2: Company Performance - Ctrip's Q1 2025 revenue met expectations with a 16% year-on-year growth, driven by strong domestic travel demand and a 55% increase in Ctrip's business, despite international travel weakness [3] - Huazhu's Q1 2025 performance met expectations with an EBITDA of 1.6 billion RMB, supported by a 21% revenue growth in the mid-range hotel segment, although RevPar declined by 4% [4] - Anta Sports received positive signals from Amer Sports' Q1 2025 results, which exceeded expectations with a 23% revenue growth, particularly in the Greater China region, indicating strong momentum in outdoor activities [5] - GDS Holdings reported a 12% year-on-year revenue growth in Q1 2025, although it fell short of market expectations, while EBITDA grew by 16%, indicating stable customer occupancy rates [6] - Dixon Technologies' Q4 performance was below expectations, with mobile business growth peaking, leading to a downgrade in outlook due to anticipated earnings stagnation [7] - Hammernaco expressed confidence in the Chinese market and the potential for humanoid robots, indicating a positive outlook for future orders [8] - NAVER's analyst day highlighted a shift towards service-oriented AI, emphasizing brand differentiation and a focus on revenue growth under new CFO leadership [9] - Worley reaffirmed its guidance for FY 2025 while adjusting FY 2026 expectations downward, indicating a cautious outlook amid potential growth slowdowns [10]

Core Viewpoint - Dongguan has emerged as a vibrant hub for new popular literature and arts, attracting creators from various backgrounds and contributing to the city's cultural transformation and economic development [1][8]. Group 1: Cultural Development - Dongguan has seen over 7,000 submissions for its "New Popular Literature" initiative, indicating a strong interest in cultural expression [1]. - The city has a GDP exceeding one trillion and a population of over ten million, showcasing its economic significance [1]. - Dongguan is known for producing a significant portion of global consumer goods, including 25% of animation derivatives and 20% of mobile phones [1]. Group 2: Creator Profiles - The city is home to diverse "slash" creators, such as a "barbecue poet" who sells clothes by day and writes poetry by night, reflecting the blend of work and artistic expression [1][2]. - Non-professional creators have gained recognition, with examples like the "Sunshine Children" music group and photographers capturing the essence of Dongguan's manufacturing landscape [2]. Group 3: Literary Evolution - The evolution from labor literature to new popular literature is marked by a focus on both struggles and joys of life, as expressed by local writers [3][5]. - Dongguan's literary scene has roots in the 1990s, with a rise in labor literature that has now transitioned into broader artistic expressions [5][6]. Group 4: Cultural Infrastructure - Dongguan has established a comprehensive cultural infrastructure, including 586 community libraries and 51 shared cultural spaces, enhancing access to cultural resources [6]. - The Dongguan Literature and Art Institute, established in 2005, has played a pivotal role in fostering local talent and creativity [7]. Group 5: Impact on Society - The rise of new popular literature reflects the changing dynamics of society, where the public becomes both the subject and the creator of art [5][8]. - Dongguan's cultural initiatives are seen as a model for urban transformation and modernization in China, promoting a shared cultural identity among its diverse population [8].

Group 1 - Shouhui Group has officially launched its IPO, offering approximately 24.36 million shares at a price range of HKD 6.48 to HKD 8.08 per share, with a listing date expected on May 30 [1] - The funds raised from the IPO will be used for optimizing the sales network, R&D investment, and acquisitions, which will enhance the company's market competitiveness and business scale [1] Group 2 - Heng Rui Pharmaceutical's shares surged by 32.24% in the dark market, closing at HKD 58.25 after an initial offering price of HKD 44.05, indicating strong market confidence in its future [2] - The company reported a revenue of 27.985 billion yuan for 2024, a year-on-year increase of 22.63%, and a net profit of 6.337 billion yuan, up 47.28% from the previous year [2] Group 3 - Wei Hong Group Holdings expects a net loss of approximately 48.5 million Macanese Patacas for the fiscal year 2024, compared to a net loss of about 27.8 million Macanese Patacas in 2023, attributed to a decline in revenue [3] - The group's revenue for the reporting year is expected to be around 9.7 million Macanese Patacas, down from approximately 105.8 million Macanese Patacas in the previous year [3] Group 4 - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international brand image, supporting its global business development [4] - The issuance will be subject to approval from the shareholders' meeting and relevant government and regulatory bodies [4] Group 5 - The Hang Seng Index closed at 23,544.31, down 1.19%, while the Hang Seng Tech Index fell by 1.70% to 5,251.75 [5] - The Yuqi Index also decreased by 1.19%, closing at 8,557.64 [5]

Meeting Overview - The shareholder meeting of Luxshare Precision Industry Co., Ltd. was attended by 4,626 participants representing 4,024,082,854 shares, accounting for 55.52% of the total shares [1] - The meeting included both on-site and online voting, with 23 shareholders attending in person and 4,603 small shareholders voting online [1] Resolutions Passed - The following resolutions were approved during the meeting: 1. **2024 Board of Directors Work Report**: Approved with 99.94% agreement from all shareholders [1] 2. **2024 Supervisory Board Work Report**: Approved with 99.94% agreement from all shareholders [1] 3. **2024 Financial Settlement Report**: Approved with 99.94% agreement from all shareholders [1] 4. **2024 Profit Distribution Plan**: Approved with 99.93% agreement from all shareholders [1] 5. **2024 Annual Report and Summary**: Approved with 99.94% agreement from all shareholders [1] 6. **Reappointment of Accounting Firm**: Approved with 94.46% agreement from all shareholders [1] 7. **2024 and 2025 Directors' Compensation Plan**: Approved with 99.78% agreement from all shareholders [3] 8. **2024 and 2025 Supervisors' Compensation Plan**: Approved with 99.93% agreement from all shareholders [3] 9. **Change of Registered Capital and Amendment of Articles of Association**: Approved with 99.94% agreement from all shareholders [3] 10. **Amendment of Board Meeting Rules**: Approved with 95.01% agreement from all shareholders [3] 11. **Estimated Daily Related Transactions for 2025**: Approved with 99.81% agreement from all shareholders [3] Voting Details - The voting results showed a high level of agreement on all resolutions, with most receiving over 99% approval from shareholders [1][3] - Small shareholders also participated actively, with their voting percentages reflecting similar trends to the overall shareholder votes [1][3]

2021年以来，武汉创建了一批青年创业园区，为青年创业团队提供工商注册、财务代理、法务咨询、知识产权、人才招聘等"一条龙"服务。 每月进账近10万元，1000余名客户复购产品成为"忠粉"。"市集"女孩申奥凭借一款"武汉樱花"主题香水，走出了一条青年人的创业路。 23岁的申奥是山东日照人。在武汉读大学期间，她兼职当起带货主播，在给香水品牌带货时，积累了不少专业知识。在与设计、电子商务专业的朋友交流 后，申奥决定以"武汉樱花"为核心香味，自创香水品牌，开启创业之路。 但"第一桶金"可不是那么容易。申奥介绍，共青团武汉市委、共青团江岸区委请来创业导师为青年创业者开设课程，指导撰写商业计划书，提供拓宽市场 渠道的建议，还为她提供免费的办公空间。申请到"青创贷"，在团队最需要资金的时候一解燃眉之急。 申奥的经历并非个案，2021年以来，武汉创建了一批青年创业园区，为青年创业团队提供工商注册、财务代理、法务咨询、知识产权、人才招聘等"一条 龙"服务。优化青年创业金融服务，累计发放"青创贷"超47亿元，扶持企业6000余家，带动5万余人在汉创业就业。今年以来，共发放595笔"青创贷"，共 计4.98亿元，同比增长325.4 ...

Group 1 - The core viewpoint of the article emphasizes the transformation and modernization of traditional manufacturing industries in the Yuhang Economic Development Zone, focusing on digitalization and green manufacturing initiatives [8][9][10]. - The Yuhang Economic Development Zone has officially changed its name and is embarking on a new development journey, showcasing a vibrant landscape of high-quality growth through the transformation of traditional industries [8][9]. - Southern Pump Industry has implemented significant digital and automated upgrades in its production processes, achieving a 100% first-pass yield and reducing delivery times by 70% [9][10]. Group 2 - The Yuhang Economic Development Zone has successfully completed 100% digital transformation coverage among industrial enterprises, fostering a matrix of smart manufacturing and digital workshops [11]. - The zone has attracted numerous projects, including a new intelligent manufacturing project by Huaguang New Materials, which has increased production line automation by 75% and reduced production cycles by 30% [10][11]. - The region's strategic focus on attracting key enterprises and strengthening industrial chains has led to the establishment of competitive industrial clusters in smart manufacturing, new materials, and new energy [12][13]. Group 3 - In 2024, the Yuhang Economic Development Zone has successfully introduced 51 quality projects with a total investment exceeding 29 billion [14]. - The zone's proactive approach to investment attraction includes targeted strategies to identify and engage potential enterprises, ensuring that each project contributes to the industrial ecosystem [12][14]. - The Yuhang Economic Development Zone has demonstrated a commitment to optimizing the business environment, providing tailored support to enterprises, and enhancing their operational efficiency [16][18].

Group 1: Company Insights - Northern Huachuang (002371 CH, Buy, Target Price: 512 RMB) is expected to see a 25% year-on-year increase in new orders in 2024, driven by strong demand for integrated circuit equipment, with this momentum continuing into Q1 2025 [2] - Baidu (BIDU US, Buy, Target Price: 144.6 USD) reported Q1 2025 core business revenue of 25.5 billion RMB, exceeding Bloomberg consensus by 10%, primarily due to strong cloud business performance [2][6] - Weibo (WB US, Buy, Target Price: 14.5 USD) reported Q1 2025 revenue of 397 million USD, flat year-on-year, but non-GAAP net profit grew 12% to 120 million USD, exceeding expectations by 26% [6] - Palo Alto Networks (PANW US, Buy, Target Price: 229.7 USD) achieved Q3 FY25 revenue growth of 15.3% to 2.3 billion USD, with non-GAAP net profit rising 23% to 560.9 million USD [6] - ZTO Express (ZTO US / 2057 HK, Buy, Target Price: 22.2 USD / 174 HKD) reported Q1 2025 core net profit growth of 5% to 1.96 billion RMB, supported by government subsidies [6][8] - XPeng Motors (XPEV US / 9868 HK, Buy, Target Price: 28 USD / 110 HKD) exceeded Q1 2025 revenue expectations, driven by improved gross margins and government subsidies [6][8] Group 2: Market Performance - The Hang Seng Index closed at 23,828, up 0.62% for the day and 39.77% year-to-date [3] - The Hang Seng Tech Index closed at 5,342, up 0.51% for the day and 41.92% year-to-date [3] - The Shanghai Composite Index closed at 3,388, up 0.21% for the day and 13.87% year-to-date [3] - The US Dow Jones closed at 41,860, down 1.91% for the day but up 11.07% year-to-date [3] - The S&P 500 closed at 5,845, down 1.61% for the day and up 22.53% year-to-date [3] Group 3: Sector Analysis - The Hong Kong stock market saw gains in materials, healthcare, and energy sectors, while defensive sectors like consumer staples and utilities lagged [5] - In the US market, real estate and healthcare sectors faced the largest declines, while consumer staples and materials outperformed [5] - The report indicates that the period from May to July is a critical window for US-China trade negotiations, with expectations of potential fiscal stimulus and consumption-boosting measures from China [5]