Core Insights - The Thailand Electronics Circuit Asia 2025 exhibition will take place from August 20 to 22, 2025, in Bangkok, showcasing high-end copper foil applications and fostering collaboration among global electronic industry players [1][3]. Group 1: Exhibition Overview - The exhibition is co-hosted by the Thailand Board of Investment, the Thai Printed Circuit Association, and the Hong Kong Printed Circuit Association, focusing on building a future electronic ecosystem [3]. - Over 250 companies from 15 countries and regions are expected to participate, covering an area of 12,000 square meters, with a projected trade volume exceeding 20 billion Thai Baht and over 7,000 professional visitors [3]. Group 2: Company Participation - Defu Technology showcased high-performance copper foil products and innovative applications in high-frequency, high-speed circuits, 5G communication, and automotive electronics, attracting significant attention from industry experts and potential partners [3][5]. - The company has established a subsidiary in Thailand and is collaborating with local firms such as KCE and TLM in the PCB sector, emphasizing its strategy of collaboration and localization [5]. Group 3: Future Outlook - Defu Technology aims to leverage its advanced copper foil material technology to drive innovation in the electronic industry and build a smarter, more interconnected electronic ecosystem with global partners [7].

Core Viewpoint - The company, AVIC Optoelectronics, addressed investor inquiries regarding shareholder reduction in holdings and advised stakeholders to pay attention to future announcements [2] Company Summary - On September 18, AVIC Optoelectronics responded to questions from investors on an interactive platform about the situation of shareholder reductions [2]

Summary of the Conference Call for AVIC Optoelectronics Industry Overview - AVIC Optoelectronics operates in both military and civilian sectors, with a balanced business model. The defense sector shows strong growth in aerospace and weaponry, while the aerospace electronics sector remains stable. The shipbuilding sector has stagnated. [2][4] - The high-end civilian sector, particularly in new energy, has shown remarkable performance with growth exceeding 50%. Other sectors such as communications, industrial, and medical also performed well, with data centers showing significant growth. [2][5] Key Financial Insights - Orders for the first half of 2025 indicate a recovery trend across various segments, particularly in new energy and high-end manufacturing. [2][7] - The company anticipates that revenue from new energy-related businesses will account for approximately 25% of total revenue in 2025. [6] - Despite a positive outlook for overall revenue, there are uncertainties regarding profit due to slow revenue recognition in housing-related businesses and rising raw material costs. [8][9] Business Development and Strategy - AVIC Optoelectronics is actively expanding its international market presence, with production bases and business offices in Vietnam and Germany. The overseas business is expected to grow from less than 10% to 15% or higher in the future. [10] - The liquid cooling business, while currently small (estimated around 1 billion), has been growing rapidly at rates exceeding 30% to 50%. The company provides comprehensive liquid cooling solutions for both defense and civilian applications. [2][13] Product and Market Trends - The company is positioned as a key supplier in the C919 commercial aircraft project, with an expected order scale of around 200 million in 2025. [4][15] - AVIC Optoelectronics is focusing on becoming a global leader in interconnected solutions, moving beyond housing markets due to their limitations. The company aims to increase its share in the civilian market while enhancing profitability. [17] - There is a trend towards standardization in airborne systems, which may lead to increased production efficiency and reduced costs, benefiting leading companies in the industry. [18][20] Challenges and Risk Management - The company faces challenges from rising raw material prices and the need for low-cost, high-reliability products. Strategic cost management measures are being implemented, including design optimization to reduce material usage. [16] - The military electronics sector has seen instances of downgraded specifications, but quality and reliability standards remain stringent, especially in aerospace applications. [19] Conclusion - AVIC Optoelectronics is navigating a complex landscape with a balanced approach to military and civilian markets, focusing on growth in high-end sectors and international expansion while managing cost pressures and ensuring quality standards. [2][10][17]

Group 1 - The company adheres to market-oriented operational principles and has established a nationwide sales network and a mature marketing team [2] - The company has achieved extensive coverage of clients in various fields including aviation, aerospace, shipping, ground equipment, command systems, and communications [2] - The company meets cross-regional and multi-category market demands [2]

证券日报网讯顺络电子（002138）9月17日发布公告，在公司回答调研者提问时表示，公司布局钽电容 领域多年，不断投入研发力量，通过材料、工艺、制造方面深厚的积累，已经开发出全新工艺的新型结 构钽电容产品，公司新型结构钽电容产品目前采用无引线框结构、PCB封装，实现大容值产品尺寸及性 能的大幅改善，可以广泛应用于通讯、消费电子、汽车电子、数据中心、工控等领域。其中，钽电容产 品的特性十分符合AI服务器领域对高温工作环境、高电压稳定性的要求，同时，公司为客户开发新型 结构钽电容也满足了客户对电容产品小型化、薄型化、高容值的要求。目前公司的钽电容产品已为客户 配套供应产品线，客户认可度高，未来发展可期。 ...

Group 1 - The private economy is a driving force for modernization in China and an important foundation for high-quality development [1] - Financial institutions in Hubei are optimizing services to support the high-quality development of the private economy [1] - Agricultural Bank of China provided credit support to Fengrui Semiconductor Materials Co., which faced financing difficulties due to lack of traditional collateral [1] Group 2 - Hubei Timo Tea Co. benefited from financing through a patent pledge, receiving 5 million yuan to address a cash flow gap [2] - The bank utilized intellectual property pledge financing policies to tailor financing solutions for businesses [2] - A new implementation method for commercial value credit loans was introduced in April to help small and medium-sized enterprises in Hubei [2] Group 3 - The commercial value of enterprises is becoming a key to unlocking financing channels in Hubei [3] - Industrial and Commercial Bank of China has approved credit for over 1,000 small and micro enterprises, with a total credit limit exceeding 3.2 billion yuan [3] - The "Kechuang Chuyidai (Credit Version)" product has provided pre-credit limits of 5.039 billion yuan to 1,450 technology-oriented enterprises [3]

Core Insights - The company has reported a robust order volume for AI server-related products, indicating rapid growth in this business segment [2] - The data center is identified as a key strategic market for the company, leveraging its advantages in miniaturization, high precision, and high power density technology [2] Group 1: Product Solutions - The company provides a comprehensive product solution for clients, covering primary, secondary, and tertiary power supply systems for servers [2] - Primary power supply focuses on high-power devices for AC-DC and high-low voltage conversion applications [2] - Secondary power supply involves 48V to 12V DC conversion, utilizing various inductors and transformer products to address power supply challenges [2] - Tertiary power supply includes components for xPU chips (CPU, GPU, ASIC), network cards, memory, and SSDs, featuring new AI inductors and tantalum capacitors among other products [2] Group 2: Industry Trends - The transition from traditional servers to AI servers is driving a rapid increase in power consumption around CPU, GPU, and ASIC chips, necessitating higher performance, power density, and thermal management from components [3] - The company is positioned to capitalize on these industry opportunities by offering one-stop component solutions for power semiconductor clients and various AI server customers [3]

Group 1: AI Server Product Applications - The company focuses on the emerging strategic market of data centers, leveraging advantages in miniaturization, high precision, and high power density technology to provide comprehensive power supply solutions for AI servers [2] - The company has a full order book for AI server-related products, indicating rapid business growth in this sector [3] Group 2: Power Supply Solutions - The first power supply primarily consists of large power devices for AC/DC conversion and high/low voltage applications, tailored for AI server scenarios [2] - The second power supply involves 48V to 12V DC conversion, with various inductors and transformers addressing customer power supply challenges [2] - The third power supply includes components for xPU chips (CPU, GPU, ASIC), network cards, memory, and SSDs, featuring new AI inductors and tantalum capacitors [3] Group 3: Tantalum Capacitor Development - The company has developed new tantalum capacitor products with a wire-free structure and PCB packaging, enhancing size and performance for various applications [4] - These tantalum capacitors meet the high-temperature and high-voltage stability requirements of AI servers, with a strong customer acceptance rate [4] Group 4: Capacity Utilization and Market Trends - The company reports high capacity utilization in Q3, aligning with the traditional peak season for orders [4] - The automotive electronics sector is viewed as a key emerging market, with ongoing investments in new product development to maximize customer resource advantages [4] Group 5: Capital Expenditure Planning - The company operates in a capital-intensive industry, necessitating ongoing expansion and high funding requirements [5] - Continuous investment in R&D is prioritized, with a long-term growth trend in R&D spending [5] - Future capital expenditures will focus on industrial park infrastructure, with a slowdown expected as recent projects are completed [5]

Group 1 - The private economy is a driving force for China's modernization and a crucial foundation for high-quality development [1] - Financial institutions in Hubei are optimizing services to actively support the high-quality development of the private economy [1] - Agricultural Bank of China provided credit support to Fengruicheng (Hubei) Semiconductor Materials Co., Ltd. based on its technological achievements and good operating record [1] Group 2 - The company faced financing difficulties due to a lack of traditional collateral, but received a "Technology E-Loan" after the bank's outreach activities [1] - Hubei Timo Tea Co., Ltd. benefited from financing through a long-term order that created a cash flow gap of 10 million yuan [1] - Postal Savings Bank of China tailored financing solutions using intellectual property pledge financing, successfully lending 5 million yuan to a company [2] Group 3 - The bank has cumulatively processed patent pledge financing for 120 technology-based enterprises, with total credit of 948 million yuan [2] - The implementation of the "Hubei Province Small and Medium-sized Enterprises Commercial Value Credit Loan Implementation Measures (Trial)" aims to address financing difficulties for private enterprises [2] - Industrial and Commercial Bank of China has approved credit for over 1,000 small and micro enterprises, with credit limits exceeding 3.2 billion yuan and providing over 2.8 billion yuan in credit loans [2] Group 4 - The concept of commercial value is becoming a key to unlocking financing channels in Hubei [3] - The "Kechuang Chuyidai (Credit Version)" product has provided pre-credit limits of 5.039 billion yuan to 1,450 technology-oriented enterprises [3] - The loan balance for this product reached 2.34 billion yuan by the end of June this year [3]

● 担保对象及基本情况 （一）担保的基本情况 为支持子公司业务发展，根据其经营业务实际需要，北京元六鸿远电子科技股份有限公司（以下简 称"公司"或"鸿远电子"）于2025年9月16日与兴业银行股份有限公司北京亚运村支行签订《最高额保证 合同》，为创思北京申请综合授信额度提供最高本金限额人民币1,000万元的连带责任保证。上述担保 不存在反担保。 （二）内部决策程序 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603267 证券简称：鸿远电子 公告编号：临2025-044 北京元六鸿远电子科技股份有限公司 关于为子公司提供担保的进展公告 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： ■■ ■ ● 累计担保情况 ■ 一、担保情况概述 三、担保协议的主要内容 1、债权人：兴业银行股份有限公司北京亚运村支行 2、保证人：鸿远电子 3、债务人：创思北京 4、保证最高本金限额：人民币1,000万元 5、担保方式：连带责任保证 6、担保范围：债权人依据主合同约定为债务人提供各项借款、融资、担保及其他表内外金 ...