Group 1 - The company showcased its robust performance and innovative achievements in the high-end PCB sector during the investor reception event, with a significant revenue increase [1] - In the first half of 2025, the company achieved operating revenue of 658 million yuan, a year-on-year growth of 27.47%, driven by market expansion and increased shipments in the new energy vehicle PCB product segment [1] - The company has established a flexible production advantage with a focus on "multiple varieties and small batches," covering various PCB types used in high-value sectors such as industrial control, medical, automotive electronics, and aerospace [1] Group 2 - The company completed the Tianjin green factory certification in 2024, promoting low-carbon manufacturing through initiatives like purchasing green electricity and implementing energy-saving modifications [2] - The company has successfully entered the qualified supplier systems of many global leading enterprises, maintaining long-term strategic partnerships with high-quality clients across multiple countries [2] - Looking ahead, the company aims to leverage its technological advantages in the high-end PCB field, optimize product structure, and enhance core competitiveness to create sustained value for investors [2]

Group 1: Financial Performance - In the first half of 2025, the company achieved total revenue of 10.453 billion CNY, a year-on-year increase of 25.63% [1] - The net profit attributable to shareholders was 1.360 billion CNY, reflecting a growth of 37.75% compared to the previous year [1] - The PCB business generated a revenue of 6.274 billion CNY, up 29.21%, with a gross margin of 34.42%, an increase of 3.05 percentage points [3] - The packaging substrate business reported a revenue of 1.740 billion CNY, a growth of 9.03%, but with a gross margin of 15.15%, down 10.31 percentage points [4] - The electronic assembly business achieved a revenue of 1.478 billion CNY, a year-on-year increase of 22.06%, with a gross margin of 14.98%, up 0.34 percentage points [2] Group 2: Market Trends and Opportunities - The PCB business is benefiting from the demand for AI acceleration cards, servers, and high-speed switches, with significant growth in the data center sector [3] - The packaging substrate business is capitalizing on the recovery of the domestic storage market, leading to increased orders [4] - The company is focusing on the trends of AI computing upgrades, storage market recovery, and the deepening of automotive electrification [1] Group 3: Production Capacity and Utilization - The overall capacity utilization rate for the PCB business is at a relatively high level due to sustained demand in the computing and automotive electronics markets [8] - The packaging substrate business has seen a significant improvement in capacity utilization due to the increased demand in the domestic storage market [8] - The company is expanding its PCB production capacity through technological upgrades and new projects in Nantong and Thailand [9] Group 4: Product Applications and Innovations - The PCB products are primarily applied in communication devices, data centers, and automotive electronics, with a focus on high-end applications [5] - The company has developed capabilities in HDI technology, which is crucial for high-density wiring in PCB products [12] - The electronic assembly business is positioned as a downstream segment of PCB manufacturing, focusing on providing integrated solutions for various industries [12]

Group 1 - The core viewpoint of the news is that Bomin Electronics has seen a significant increase in its stock price, rising by 5.58% to reach 12.30 CNY per share, with a trading volume of 594 million CNY and a turnover rate of 7.92%, resulting in a total market capitalization of 7.754 billion CNY [1] - Bomin Electronics, established on March 25, 2005, and listed on December 9, 2015, specializes in the research, production, and sales of high-precision printed circuit boards (PCBs) and related core electronic components, with its main business revenue composition being 75.03% from printed circuit boards, 21.05% from customized electronic components, and 3.93% from other sources [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under China Europe Fund has a significant position in Bomin Electronics, specifically the China Europe Small Cap Growth Mixed A Fund (015880), which held 347,900 shares in the second quarter, accounting for 0.63% of the fund's net value, making it the fourth-largest holding [2] - The China Europe Small Cap Growth Mixed A Fund (015880) has achieved a year-to-date return of 48.6%, ranking 636 out of 8175 in its category, and a one-year return of 104.96%, ranking 294 out of 7982 [2]

Group 1 - The core viewpoint is that despite the overall strong performance of listed PCB companies, the company has faced three consecutive years of losses and is currently in a significant loss state [2] - The company has indicated that the capacity utilization rate at its Jiangxi factory is continuously improving, with production capacity expected to steadily increase [2] - The company is committed to enhancing its operational management, responding to customer demands, seizing development opportunities, and striving to improve its performance [2]

Group 1 - The core viewpoint of the news is the performance and financial metrics of Zhongfu Circuit, which saw a stock price increase of 5.02% to 41.00 CNY per share, with a trading volume of 1.89 billion CNY and a market capitalization of 7.849 billion CNY [1] - Zhongfu Circuit, established on March 12, 2004, and listed on August 12, 2021, primarily engages in the research, production, and sales of printed circuit boards, with 89.34% of its revenue coming from this main business [1] - The company is located in the Shekou China Merchants Tower, Nanshan District, Shenzhen, Guangdong Province [1] Group 2 - Among the top ten circulating shareholders of Zhongfu Circuit, E Fund's Emerging Growth Mixed Fund (000404) entered the list in the second quarter, holding 1.761 million shares, which is 0.92% of the circulating shares, with an estimated floating profit of approximately 3.4515 million CNY [2] - E Fund's Emerging Growth Mixed Fund (000404) was established on November 28, 2013, with a latest scale of 3.325 billion CNY, achieving a year-to-date return of 53.47% and ranking 482 out of 8175 in its category [2] - The fund has a one-year return of 82.59%, ranking 700 out of 7982, and a cumulative return since inception of 507.3% [2] Group 3 - The fund manager of E Fund's Emerging Growth Mixed Fund (000404) is Cai Rongcheng, who has been in the position for 6 years and 138 days, managing a total fund size of 4.773 billion CNY [3] - During his tenure, the best fund return achieved was 86.29%, while the worst return was 7.05% [3]

Core Viewpoint - Guanghe Technology's stock price increased by 6.13% on September 10, with a trading volume of 9.51 billion yuan, indicating strong market interest and activity [1]. Financing Summary - On September 10, Guanghe Technology had a financing buy-in amount of 64.19 million yuan and a financing repayment of 112 million yuan, resulting in a net financing outflow of 47.97 million yuan [1]. - As of September 10, the total financing and securities lending balance for Guanghe Technology was 544 million yuan, with the financing balance accounting for 5.27% of the circulating market value, which is above the 80th percentile of the past year [1]. - The company had no shares repaid in securities lending on September 10, with 5,500 shares sold short, amounting to 377,100 yuan at the closing price [1]. Company Performance - As of June 30, Guanghe Technology had 27,800 shareholders, an increase of 78.06% from the previous period, with an average of 5,397 circulating shares per shareholder, up 121.64% [2]. - For the first half of 2025, Guanghe Technology reported a revenue of 2.425 billion yuan, representing a year-on-year growth of 42.17%, and a net profit attributable to shareholders of 492 million yuan, reflecting a 53.91% increase year-on-year [2]. Dividend and Shareholding Structure - Since its A-share listing, Guanghe Technology has distributed a total of 310 million yuan in dividends [3]. - As of June 30, 2025, several major institutional shareholders, including D. Morgan Digital Economy Mixed A and Hong Kong Central Clearing Limited, exited the top ten circulating shareholders list [3].

Core Viewpoint - The company is closely monitoring the technological development and market application of solid-state batteries, indicating a proactive approach to product adaptation [1] Group 1: Company Developments - The company has successfully developed a PCB for BMS used in solid-state batteries, which has a higher unit value compared to the PCB for BMS used in mass-produced power batteries [1] - The large-scale production and installation application of solid-state batteries are expected to drive the demand growth for supporting PCBs [1]

Group 1 - The core viewpoint of the article is that Jinlu Electronics (301282) is actively seeking partnerships not only with traditional power battery manufacturers but also with emerging solid-state battery companies [1] Group 2 - The company responded to investor inquiries on its interactive platform on September 10 [1] - The focus on collaboration with solid-state battery new forces indicates a strategic shift towards innovative battery technologies [1] - This approach may enhance the company's competitive positioning in the evolving battery industry [1]

Group 1 - The core viewpoint of the news is that Aoshikan Technology Co., Ltd. has seen a stock price increase of 5.52%, reaching 41.10 CNY per share, with a total market capitalization of 13.044 billion CNY [1] - Aoshikan specializes in the research, production, and sales of high-density printed circuit boards, with its main business revenue composition being 75.36% from four-layer and above boards, 16.24% from single/double-sided boards, and 8.40% from other sources [1] Group 2 - According to data, a fund under Zheshang Securities Asset Management holds Aoshikan as its fourth-largest position, with 32,000 shares, accounting for 0.74% of the fund's net value [2] - The Zheshang Huijin Quantitative Selected Stock A fund has achieved a year-to-date return of 25.53% and a one-year return of 63.83%, ranking 1497 out of 4222 and 1273 out of 3798 in its category, respectively [2] - The fund manager, Chen Gujun, has a tenure of 5 years and 235 days, with the fund's total asset size being 204 million CNY [2]

嘉里建设广场第三座第 28 层 2803-04 室 广东省深圳市福田区中心四路 1-1 号 邮编：518048 电话：(86-755) 2939-5288 传真：(86-755) 2939-5289 junhesz@junhe.com 北京市君合（深圳）律师事务所 关于惠州中京电子科技股份有限公司 致：惠州中京电子科技股份有限公司 北京市君合（深圳）律师事务所(以下简称"本所")接受惠州中京电子科技 股份有限公司(以下简称"贵公司"或"公司")的委托，就贵公司 2025 年第一 次临时股东大会(以下简称"本次股东大会")召开的有关事宜，根据《中华人民 共和国公司法》(以下简称" 《公司法》")、中国证券监督管理委员会颁布的《上 市公司股东会规则》(以下简称"《股东会规则》")等中华人民共和国现行法律、 法规、规章、规范性文件（以下统称"法律法规"，为出具本法律意见书之目的， 不包括中华人民共和国香港特别行政区、澳门特别行政区和台湾地区的法律法规） 及现行《惠州中京电子科技股份有限公司章程》(以下简称" 关规定，出具本法律意见书。 《公司章程》")的有 本法律意见书仅就本次股东大会的召集和召开程序是否符合法律、 ...