12月12日截至发稿，电子板块获主力资金净流入超150亿元，板块吸金额高居31个申万一级行业第二 位，电子ETF成份股东山精密获主力资金净流入逾21亿元，登顶A股吸金榜。 热门ETF方面，荟聚电子板块核心龙头的电子ETF（515260）场内价格盘中涨近1.4%，现涨1.08%，从 日k线上看，该ETF或已在不知不觉间，悄然走出了稳健的上行台阶。 消息面上，电子ETF成份股东山精密、沪电股份相继推进"A+H"上市，以及超颖电子成功登陆A股，共 同勾勒出中国PCB产业的清晰战略图景：企业正积极借助资本市场的融资、整合与品牌提升功能，加速 向技术密集、资本密集的"类半导体"模式转型升级。 值得关注的是，印刷电路板（PCB）作为数据中心与算力设备的关键基础组件，其技术规格与产能规模 正面临新一轮升级需求。数据显示，2025年中国PCB市场规模预计将达到4333.21亿元，占据全球份额 的50%以上。到2029年，这一规模预计将扩大至5545.1亿元。 展望未来，随着AI、新能源汽车等下游需求持续爆发，以及国内产业链协同效应的不断增强，中国 PCB产业有望在高端领域实现更多突破，在全球价值链中占据更核心的位置。中信建投 ...

Group 1 - The PCB sector experienced an initial adjustment, with significant declines in stock prices [1] - Ultrasonic Electronics hit the daily limit down, indicating a severe drop in its stock value [1] - Other companies such as Junya Technology, Benchuan Intelligent, Feiliwa, Aohong Electronics, Rongda Photosensitive, and Zecheng Electronics also saw declines in their stock prices [1]

证券代码：603936 证券简称：博敏电子 公告编号：临2025-099 博敏电子股份有限公司 关于子公司为公司申请银行授信提供担保的公告 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。 重要内容提示： ● 被担保人名称：博敏电子股份有限公司（以下简称"公司"或"博敏电子"） ● 本次担保金额及已实际为其提供的担保余额：公司控股子公司深圳市博敏电子有限公司（以下简 称"深圳博敏"，公司直接持有深圳博敏94.7552%股权）为公司提供连带责任保证担保，金额为人民币 35,800万元。深圳博敏已实际为公司提供的担保余额为人民币25,488.90万元（不含本次）。 ● 本次担保是否有反担保：无 ● 对外担保逾期的累计数量：无 一、担保情况概述 公司因日常经营发展需要，向中国银行股份有限公司梅州分行（以下简称"中国银行"）申请授信额度人 民币35,800万元，期限为12个月。公司以部分自有房产及机器设备作为抵押，由深圳博敏为上述授信提 供连带责任保证担保，担保金额为35,800万元。前述担保不存在反担保情况。 根据《上海证券交易所上市 ...

证券日报网讯 12月11日，华正新材在互动平台回答投资者提问时表示，公司覆铜板产品品类齐全，拥 有全系列产品，同时公司注重新产品研发，积极布局技术前沿领域，持续推进高阶产品的客户认证，并 取得良好效果，后续公司将不断加速开拓产品应用市场及市场占有率。 （文章来源：证券日报） ...

科翔股份：在存储领域主要生产应用于内存条等存储设备的PCB产品，且已大批量供货。 ...

证券日报网讯12月11日，崇达技术（002815）在互动平台回答投资者提问时表示，截至2025年12月10 日，公司股东人数为78021户。 ...

Core Viewpoint - The company has successfully delivered mass production of HDI flexible circuit boards and HDI rigid-flex boards at its Zhuhai production line, indicating a positive outlook for these products due to the growing demand driven by advancements in 5G, AIoT, new energy vehicles, and high-end consumer electronics [1] Group 1: Product Development and Market Outlook - The Zhuhai production line's HDI flexible circuit boards and HDI rigid-flex boards are now in mass production [1] - The rapid development of 5G, AIoT, new energy vehicles, and high-end consumer electronics is increasing the demand for component integration and lightweight designs, suggesting a favorable market outlook for these products [1] - The company's advanced technology experience accumulated in HDI rigid boards has been successfully applied to the research and production of HDI flexible and rigid-flex boards, ensuring quick adaptation to high-end processes and market demands for high value-added products [1]

Group 1 - The core viewpoint of the article is that Kexiang Co., Ltd. (300903) has confirmed that its PCB products are applicable in the aerospace field and that the company is already supplying these products [1] - The development of the Zhuque-3 rocket is not related to the company's business operations [1]

格隆汇12月11日丨科翔股份(300903.SZ)在互动平台表示，公司的PCB产品可以应用于航空航天领域，目 前已有供货。您提到的朱雀三号研发，与公司业务暂无关联。 ...

Investment Rating - The report maintains a "Buy" rating for specific companies in the electronic industry, including Zhongji Xuchuang, Tianfu Communication, Shenghong Technology, and others [9][16]. Core Insights - Nvidia's lobbying efforts have led to a potential easing of chip export restrictions to China, which could significantly impact its business prospects in the region [5][14]. - Amazon has launched its third-generation custom AI chip, Trainium3, which boasts a fourfold performance increase over its predecessor and reduces AI model training and operational costs by 40% [6][15]. - The electronic industry has shown strong performance, with a 70.8% increase over the past 12 months, outperforming the broader market [3][19]. Summary by Sections Industry Performance - The electronic sector has seen a 1.09% increase in the week from December 1 to December 5, ranking 13th among various sectors [19][22]. - The sector's price-to-earnings (P/E) ratio stands at 63.26, indicating a relatively high valuation compared to other industries [19][21]. Key Company Announcements - Nvidia is in preliminary discussions with the U.S. government regarding the export of its H200 chip to China, which could enhance its market presence [5][14]. - Amazon's Trainium3 chip features 144 GB of HBM3E memory and offers a memory bandwidth of 4.9 TB/s, with plans for the next-generation Trainium4 chip already underway [6][15]. Market Trends - The report highlights a significant outflow of funds from the electronic sector, with a net outflow of 107.21 billion yuan last week, indicating a cautious market sentiment [27][28]. - The AI computing-related sub-sectors have shown varied performance, with communication network devices leading with a 5.67% increase [23][25]. Company Focus and Earnings Forecast - Companies such as Tianfu Communication, Zhongji Xuchuang, and Shenghong Technology are recommended for investment, with projected earnings per share (EPS) growth in the coming years [9][16]. - The report provides detailed earnings forecasts for various companies, indicating a positive outlook for several key players in the electronic industry [9][16].