每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… 2024年1至12月份，明阳电路的营业收入构成为：印制线路板占比94.08%，其他业务占比5.92%。 （记者 曾健辉） 每经AI快讯，明阳电路（SZ 300739，收盘价：17.68元）12月17日晚间发布公告称，截至本公告披露 日，公司及控股子公司担保额度总金额为2.5亿元，占公司2024年经审计净资产的10.4%；本次担保提供 后，公司及控股子公司的累计对外担保总余额为3429.24万元，均为对合并报表内单位的担保，占公司 2024年经审计净资产的1.43%。 截至发稿，明阳电路市值为65亿元。 ...

每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… 2024年1至12月份，明阳电路的营业收入构成为：印制线路板占比94.08%，其他业务占比5.92%。 截至发稿，明阳电路市值为65亿元。 每经AI快讯，明阳电路（SZ 300739，收盘价：17.68元）12月17日晚间发布公告称，公司第四届第十一 次董事会会议于2025年12月17日以现场表决结合通讯表决的方式召开。会议审议了《关于向银行申请授 信的议案》等文件。 （记者 曾健辉） ...

Group 1 - The core point of the article is that Mingyang Circuit (SZ 300739) announced a temporary board meeting to discuss the early redemption of "Mingdian Convertible Bond 02" on November 20, 2025 [1] - For the year 2024, the revenue composition of Mingyang Circuit is projected to be 94.08% from printed circuit boards and 5.92% from other businesses [1] - As of the report date, the market capitalization of Mingyang Circuit is 5.8 billion yuan [1]

Core Viewpoint - The company has announced a guarantee for its wholly-owned subsidiary, Changzhou Haihong Electronics Co., Ltd., to support its funding needs for normal production and operations, with a total guarantee amount of RMB 120 million [2][3][14]. Summary by Sections Guarantee Overview - The company will provide a guarantee for a credit limit of up to RMB 120 million for its subsidiary Haihong Electronics from May 20, 2025, to May 19, 2026 [3]. - The board of directors approved the guarantee at meetings held on March 15, 2025, and May 20, 2025 [3]. - A maximum guarantee contract was signed with Industrial and Commercial Bank of China on September 17, 2025 [3]. Subsidiary Information - Haihong Electronics was established on December 9, 2004, with a registered capital of RMB 35 million [4]. - The company specializes in manufacturing printed circuit boards and has a total asset value of approximately RMB 836.82 million and a net profit of RMB 53.37 million for the fiscal year 2024 [4]. - For the first half of 2025, Haihong Electronics reported total assets of approximately RMB 832.15 million and a net profit of RMB 36.13 million [5]. Guarantee Contract Details - The guarantee contract specifies a maximum principal debt amount of RMB 120 million [7]. - The debt repayment period is from September 17, 2025, to September 30, 2026 [8]. - The guarantee is a joint liability guarantee covering various potential costs related to the principal debt [9][10]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as it supports the subsidiary's operational needs and is within the company's control [14]. - The board believes that the subsidiary has sufficient capacity to repay the debt, ensuring no adverse impact on the company's shareholders [14]. External Guarantee Amounts - As of the announcement date, the total external guarantee amount provided by the company and its subsidiaries is approximately RMB 154.36 million, which is 8.97% of the company's latest audited net assets [14].

Group 1 - The company Mingyang Circuit (SZ 300739) announced the convening of its fourth board meeting on September 17, 2025, to discuss the proposal for the initial grant of restricted stock under the 2025 restricted stock incentive plan [1] - For the fiscal year 2024, the company's revenue composition is as follows: printed circuit boards account for 94.08%, while other businesses make up 5.92% [1] - As of the report date, Mingyang Circuit has a market capitalization of 6.5 billion yuan [1]

Core Viewpoint - Mingyang Circuit has not repurchased any shares as of July 31, 2025, indicating a focus on other financial strategies or investments [2] Group 1: Financial Performance - For the year 2024, the revenue composition of Mingyang Circuit is as follows: printed circuit boards account for 94.08% of total revenue, while other businesses contribute 5.92% [2]