Group 1 - The core point of the announcement is that the controlling shareholder, Si Hui Ming Cheng, along with its concerted party, Tian Cheng Tong Chuang, will reduce their holdings in the company by 385,200 shares between September 12 and September 19, 2025 [1] - Following the conversion of convertible bonds, the total share capital of the company will increase, leading to a passive dilution of the shareholding ratio of Si Hui Ming Cheng and its concerted party [1] - As a result of the dilution, the combined shareholding ratio of Si Hui Ming Cheng and its concerted party will decrease from 64.9616% to 63.8150% [1]

Company Overview - Zhongjing Electronics has seen a stock price increase of 62.28% year-to-date, but has experienced a slight decline of 0.23% in the last five trading days, a 7.64% drop in the last 20 days, and a 15.38% decrease in the last 60 days [2] - The company specializes in the research, production, sales, and service of printed circuit boards (PCBs), with its main revenue sources being rigid circuit boards (including HDI boards) at 64.83%, flexible circuit boards and their application modules at 29.84%, and others at 5.33% [2] Financial Performance - For the first half of 2025, Zhongjing Electronics achieved a revenue of 1.618 billion yuan, representing a year-on-year growth of 21.29%, while the net profit attributable to shareholders was 18.2857 million yuan, marking a significant increase of 125.05% [2] - The company has distributed a total of 329 million yuan in dividends since its A-share listing, with 4.90995 million yuan distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Zhongjing Electronics reached 150,700, an increase of 117.79% from the previous period, while the average number of circulating shares per person decreased by 53.94% to 3,870 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 3.1727 million shares, an increase of 294,100 shares compared to the previous period [3] Market Activity - On September 22, Zhongjing Electronics' stock price fell by 2.06% to 12.82 yuan per share, with a trading volume of 124 million yuan and a turnover rate of 1.65%, resulting in a total market capitalization of 7.854 billion yuan [1] - The net outflow of main funds was 10.5595 million yuan, with large orders showing a buy of 17.2941 million yuan and a sell of 29.4123 million yuan, indicating a significant selling pressure [1]

Company Overview - Si Hui Fu Shi Electronic Technology Co., Ltd. is located in Zhaoqing City, Guangdong Province, and was established on August 28, 2009. The company was listed on July 13, 2020. Its main business involves the research, production, and sales of printed circuit boards (PCBs) [1]. - The revenue composition of the company is 93.96% from printed circuit boards and 6.04% from other supplementary sources [1]. Financial Performance - For the first half of 2025, Si Hui Fu Shi achieved operating revenue of 860 million yuan, representing a year-on-year growth of 31.63%. However, the net profit attributable to shareholders decreased by 15.89% to 75.39 million yuan [2]. - Since its A-share listing, the company has distributed a total of 140 million yuan in dividends, with 83.80 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 22, the stock price of Si Hui Fu Shi was 43.22 yuan per share, with a market capitalization of 6.106 billion yuan. The stock has increased by 65.71% year-to-date but has seen a decline of 6.27% over the last five trading days [1]. - The company has experienced a net outflow of 12.71 million yuan in principal funds, with significant selling pressure from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 11.48% to 13,800, while the average circulating shares per person decreased by 10.30% to 9,913 shares [2]. - Among the top ten circulating shareholders, Ping An Advanced Manufacturing Theme Stock A (019457) is the fifth largest, holding 1.579 million shares, an increase of 188,700 shares from the previous period [3].

数据显示，浙商证券资管旗下1只基金重仓鹏鼎控股。浙商汇金转型成长（000935）二季度减持5300 股，持有股数3.95万股，占基金净值比例为3.25%，位居第六大重仓股。根据测算，今日浮盈赚取约 11.89万元。 浙商汇金转型成长（000935）成立日期2014年12月30日，最新规模3898.75万。今年以来收益37.51%， 同类排名1920/8244；近一年收益64.54%，同类排名1933/8066；成立以来收益32.83%。 9月22日，鹏鼎控股涨5.22%，截至发稿，报60.69元/股，成交8.48亿元，换手率0.62%，总市值1406.83 亿元。 资料显示，鹏鼎控股(深圳)股份有限公司位于广东省深圳市宝安区新安街道海滨社区海秀路2038号鹏鼎 时代大厦A座27层，成立日期1999年4月29日，上市日期2018年9月18日，公司主营业务涉及主要从事各 类印制电路板的设计、研发、制造与销售业务。主营业务收入构成为：通讯用板62.70%，消费电子及 计算机用板31.60%，汽车/服务器用板4.92%，其他(补充)0.78%。 从基金十大重仓股角度 浙商汇金转型成长（000935）基金经理为马斌博。 ...

在接受上海证券报记者专访时，科翔股份董事长郑晓蓉语气坚定："AI算力爆发驱动高端服务器产业格 局重塑，我们必须抓住这次机遇。公司已经制订了清晰的战略规划，不仅要实现技术创新，也要借助资 本市场做大做强，回报投资者信任。" 惠州大亚湾，科翔股份总部生产基地一片繁忙。成批成批的精密印制电路板（PCB）正从生产线上下 来，售往全球，应用于智能手机、新能源汽车，乃至最前沿的AI服务器领域。 在接受上海证券报记者专访时，科翔股份董事长郑晓蓉语气坚定："AI算力爆发驱动高端服务器产业格 局重塑，我们必须抓住这次机遇。公司已经制订了清晰的战略规划，不仅要实现技术创新，也要借助资 本市场做大做强，回报投资者信任。" 拐点将至：营收增长经营向好 科翔股份正在迎来它的业绩拐点。 今年上半年，科翔股份实现营收18.06亿元，同比增长16.04%；净利润亏损6203.42万元，较去年同期减 亏36.96%。 这一数据背后，传递出公司业绩好转的积极信号。不难看出，当前公司正处于一个关键的转型期。 2022年到2024年，科翔股份营业收入持续增长，从26.37亿元增至33.96亿元，但净利润却承受压力； 2025年一季度起，已经显示出向 ...

Core Viewpoint - The company, Huadian Co., Ltd. (002463.SZ), plans to issue H-shares and list on the Hong Kong Stock Exchange to optimize its overseas business layout and diversify financing channels [1][2]. Group 1: Company Overview - Huadian Co., Ltd. is a well-known PCB (Printed Circuit Board) manufacturer, established in 1992 in Kunshan, Jiangsu [2]. - The company has developed competitive advantages in technology, quality, cost, brand, and scale over 33 years, positioning itself as an industry leader [2]. Group 2: Financial Performance - In the first half of 2025, the company achieved revenue of 84.94 billion yuan, a year-on-year increase of 56.59%, and a net profit of approximately 16.83 billion yuan, up 47.5% year-on-year [5]. - Revenue for the years 2022 to 2024 was 83.36 billion yuan, 89.38 billion yuan, and 133.42 billion yuan, with corresponding net profits of 13.62 billion yuan, 15.13 billion yuan, and 25.87 billion yuan, reflecting significant growth [5]. Group 3: International Expansion - The company has invested 280 million USD in establishing a factory in Thailand, which began construction in April 2023 and entered small-scale production in the second quarter of 2025 [3]. - The Thai production base is crucial for the company's overseas strategic layout, with expectations for gradual capacity release and product quality improvement [3]. Group 4: Capital Expenditure and R&D - The company is increasing capital expenditure in response to growing demand for AI-driven products, with a total investment of approximately 4.3 billion yuan for a new high-end PCB expansion project that began construction in June 2025 [7]. - R&D expenses for 2023 and 2024 were 539 million yuan and 790 million yuan, accounting for 6.03% and 5.92% of revenue, respectively [6].

郑晓蓉 ■董事长专访 在接受上海证券报记者专访时，科翔股份董事长郑晓蓉语气坚定："AI算力爆发驱动高端服务器产业格 局重塑，我们必须抓住这次机遇。公司已经制订了清晰的战略规划，不仅要实现技术创新，也要借助资 本市场做大做强，回报投资者信任。" 拐点将至：营收增长经营向好 科翔股份正在迎来它的业绩拐点。 今年上半年，科翔股份实现营收18.06亿元，同比增长16.04%；净利润亏损6203.42万元，较去年同期减 亏36.96%。 这一数据背后，传递出公司业绩好转的积极信号。不难看出，当前公司正处于一个关键的转型期。 2022年到2024年，科翔股份营业收入持续增长，从26.37亿元增至33.96亿元，但净利润却承受压力； 2025年一季度起，已经显示出向好迹象，营收达8.72亿元，同比增长36.84%，净利润亏损减至3326.43 万元，同比减亏51.79%。 科翔股份郑晓蓉： 高端服务器PCB赛道突围 三年磨剑瞄准百亿元产值 ◎记者 杨子晏 惠州大亚湾，科翔股份总部生产基地一片繁忙。成批成批的精密印制电路板（PCB）正从生产线上下 来，售往全球，应用于智能手机、新能源汽车，乃至最前沿的AI服务器领域。 AI浪 ...

惠州大亚湾，科翔股份总部生产基地一片繁忙。成批成批的精密印制电路板（PCB）正从生产线上下 来，售往全球，应用于智能手机、新能源汽车，乃至最前沿的AI服务器领域。 在接受上海证券报记者专访时，科翔股份董事长郑晓蓉语气坚定："AI算力爆发驱动高端服务器产业格 局重塑，我们必须抓住这次机遇。公司已经制订了清晰的战略规划，不仅要实现技术创新，也要借助资 本市场做大做强，回报投资者信任。" 拐点将至：营收增长经营向好 科翔股份正在迎来它的业绩拐点。 今年上半年，科翔股份实现营收18.06亿元，同比增长16.04%；净利润亏损6203.42万元，较去年同期减 亏36.96%。 这一数据背后，传递出公司业绩好转的积极信号。不难看出，当前公司正处于一个关键的转型期。 2022年到2024年，科翔股份营业收入持续增长，从26.37亿元增至33.96亿元，但净利润却承受压力； 2025年一季度起，已经显示出向好迹象，营收达8.72亿元，同比增长36.84%，净利润亏损减至3326.43 万元，同比减亏51.79%。 郑晓蓉坦言："近年来，公司一直处于扩产投入期，给经营带来了一些压力。"现在，江西九江、赣州、 上饶生产基地的产能 ...

Core Viewpoint - Huadian Co., Ltd. (002463) plans to issue H-shares and list on the Hong Kong Stock Exchange to optimize its overseas business layout and diversify financing channels [1] Group 1: Stock Performance - As of September 19, 2025, Huadian Co., Ltd. closed at 75.9 yuan, up 0.64% from the previous trading day, with a total market capitalization of 146.03 billion yuan [1] - The stock opened at 76.1 yuan, reached a high of 77.58 yuan, and a low of 74.6 yuan, with a trading volume of 3.972 billion yuan and a turnover rate of 2.72% [1] Group 2: H-Share Issuance Announcement - The company has announced plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [1] - Discussions with relevant intermediaries regarding the H-share issuance and listing are currently underway, with details yet to be finalized [1] - The issuance and listing must comply with domestic and foreign legal regulations and will require approval from the company's board, shareholders, and regulatory bodies including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] - There is significant uncertainty regarding whether the issuance and listing will pass the necessary reviews and approvals [1]

Core Viewpoint - The company plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange, with details yet to be finalized [2] Group 1 - The company announced its intention to issue shares overseas (H-shares) [2] - The listing will take place on the Hong Kong Stock Exchange [2] - The issuance and listing are subject to approval from the company's board, shareholders, and relevant regulatory bodies [2]