（校对/黄仁贵） | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 328,772,970.07 | 282,486,185.25 | 16.39% | | 归属于上市公司股东的净利润(元) | -814.169.71 | -2.430.826.50 | 66.51% | | 归属于上市公司股东的扣除非经常性损益的 净利润(元) | -952.527.39 | -3.930.851.46 | 75.77% | | 经营活动产生的现金流量净额(元) | 53.602,248.50 | 31,598,221.51 | 69.64% | | 基本每股收益(元/股) | -0.01 | -0.02 | 50.00% | | 稀释每股收益(元/股) | -0.01 | -0.02 | 50.00% | | 加权平均净资产收益率 | -0.13% | -0.38% | 65.79% | | 项目 | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | 总资产(元) | 1,282,417,969.20 | 1.35 ...

一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 是否以公积金转增股本 □是 √否 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 公司经本次董事会审议通过的利润分配预案为：以109,893,594股为基数，向全体股东每10股派发现金红 利2.00元（含税），送红股0股（含税），不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 4、控股股东或实际控制人变更情况 控股股东报告期内变更 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制人报告期内变更 □适用 √不适用 公司报告期实际控制人 ...

（文章来源：证券日报） 证券日报网讯 8月22日晚间，维峰电子发布公告称，公司于2025年8月22日召开第二届董事会第十九次 会议及第二届监事会第十五次会议，审议通过了《关于超募资金投资项目再次延期的议案》，同意公司 将超募资金投资项目"昆山维康高端精密连接器生产项目"达到预定可使用状态日期由2025年9月30日调 整为2025年12月31日。 ...

Summary of the Conference Call for AVIC Optoelectronics Industry and Company Overview - The conference call focuses on AVIC Optoelectronics, a leading company in the connector industry, particularly in the fields of liquid cooling technology and military applications [2][3][4]. Key Points and Arguments Liquid Cooling Technology - AVIC Optoelectronics is actively developing liquid cooling technology to address the limitations of traditional air cooling systems, driven by increasing chip power consumption and the growing number of chips in cabinets [2][5]. - The company provides complete cabinet solutions and individual components for data centers, supercomputing, and energy storage applications [3][4]. - The domestic liquid cooling market is driven by demand for computing power and procurement from overseas system integrators, with AVIC participating in industry standard formulation and expanding into Southeast Asia and Japan [2][6]. AI Power Sector - The company is expanding its presence in the AI power sector, having participated in the Global Computing Alliance launch conference to enhance its market influence [7]. - AVIC aims to innovate in AI data centers and technology, transitioning from a single component supplier to a system integrator to capture domestic and international market opportunities [2][7]. Military Business Growth - The military segment benefits from stable growth in defense budgets, projected at 6%-7%, with the military connector market expanding significantly [2][13]. - AVIC Optoelectronics holds a substantial market share in military connectors, supported by accelerated information technology construction [2][13]. System Interconnection Technology - The company has invested approximately 2.3 billion yuan in a foundational component factory, enhancing its capabilities in system interconnection and transitioning from a single component supplier to an integrated interconnection provider [2][14]. - AVIC's technology is being applied in various military aircraft projects, including the C919, indicating potential for further market expansion [14]. Financial Performance and Projections - From 2019 to 2023, the company's revenue grew from approximately 9.2 billion yuan to 20.1 billion yuan, with a compound annual growth rate (CAGR) of 21% [11]. - Future revenue projections for 2025 to 2027 are 27.17 billion yuan, 28 billion yuan, and 31.04 billion yuan, with corresponding net profits of 4.113 billion yuan, 4.821 billion yuan, and 5.4 billion yuan [16]. Employee Growth and Cost Control - The workforce increased from 13,300 in 2019 to 17,700 in 2023, with a CAGR of 7.3%, indicating effective control over employee growth relative to revenue [12]. - The company has maintained stable operating expenses, with a notable decrease in stock incentive amortization expected in the coming years, positively impacting operational capacity [12]. Additional Important Insights - The liquid cooling industry is driven by three main factors: increasing chip power consumption, the significant rise in the number of chips per cabinet, and the overall value of liquid cooling systems [4][5]. - AVIC Optoelectronics has a long history of development, evolving through four stages since its establishment in 1970, focusing on innovation and market expansion [8]. - The company has implemented a long-term equity incentive plan to align the interests of shareholders, investors, and the company, promoting sustainable development [9][10].

Core Viewpoint - Weifeng Electronics (301328.SZ) has established a stable supply capability for its board connectors used in PCB applications, responding to customer demands [1] Group 1 - The company's board connectors are applicable to PCB boards [1] - The product supply capability has been developed based on customer requirements [1] - Specific order sizes are considered commercially sensitive information and should be verified through publicly disclosed information by the company [1]

Group 1 - The company has begun small-scale shipments of its liquid cooling products in Q2 and is preparing for mass production, expected to start by the end of this year or early 2026 [1] - In 2024, the company's revenue from communication connector components was 597 million, accounting for 57.89% of total revenue, while automotive connector components generated 266 million, making up 25.82% [1] - For the first half of 2025, the company reported a revenue of 785 million, a year-on-year increase of 73.51%, and a net profit attributable to shareholders of 115 million, up 134.06% [1] Group 2 - The rapid growth in demand for the company's I/O connectors, particularly the 112G series, has significantly contributed to revenue growth, with communication business accounting for 80% of total revenue in the first half of 2025 [2] - The company has established a strong customer base, including well-known enterprises such as Amphenol, Molex, TE Connectivity, BYD, and others, while expanding its sales team and marketing centers across the country [2] - The company has sufficient orders on hand and is experiencing strong customer demand [2] Group 3 - The company emphasizes the increasing need for cooling solutions due to rising communication speeds driven by AI advancements, positioning its liquid cooling products as the best solution for heat dissipation [3] - The liquid cooling products are primarily used for heat dissipation in connectors and optical module signal transmission interfaces, suitable for servers and data centers [3]

Core Viewpoint - Sichuan Huafeng Technology Co., Ltd. has recently published a patent application for a "connector," which aims to enhance signal transmission performance through innovative design elements [1] Group 1: Patent Details - The invention pertains to the field of connector technology and includes components such as a backplane, circuit board, fixed bracket, and cooling fan [1] - The backplane features a protrusion along a specific direction, which interacts with the circuit board to ensure stable contact and connection of internal terminals [1] - The design allows for the circuit board to be pre-pressed and deformed under locking force, ensuring a flat placement that improves signal transmission performance [1]

Group 1 - The core viewpoint of the article highlights that the stock price fluctuations in the secondary market are influenced by multiple factors, including macroeconomic environment, industry cycles, market sentiment, and short-term capital flows, leading to a certain level of uncertainty [1] - The company is a leading player in the domestic connector industry, focusing on technological research and product iteration, and has established a stable customer base and market recognition in the industrial control, automotive, and new energy sectors [1] - The humanoid robot sector is identified as an emerging field, with its industrialization process and market scale requiring time, as the industry is currently in a stage of technological breakthroughs and scenario exploration, with the company's related business contributions not yet fully realized [1] Group 2 - The company aims to continuously promote product innovation and market expansion to strengthen its core competitiveness and create long-term value for investors [1] - Specific business and cooperation details should be referenced from the company's publicly disclosed information [1]

Group 1 - The event "Together for Better Enterprises" organized by the Electronic Chamber of Commerce took place at Guangdong Jide Precision Electronics Co., Ltd., with nearly 40 representatives from various companies attending [1][2] - Liu Guozhi, Chairman of Jingbei Tongyu, emphasized the importance of high-quality development for the Electronic Chamber of Commerce and the need for enhanced communication and cooperation among members [1][2] - The event aimed to explore collaboration potential among enterprises while sharing advanced management experiences [2] Group 2 - Jide Precision is a mid-to-high-end connector manufacturer providing comprehensive solutions, with products widely used in automotive, high-end industrial, and home appliance sectors [4][7] - The company specializes in connector design, mold design, and automated precision stamping, offering over 6000 SKUs and the ability to provide samples without mold fees [7] - Jide Precision has established long-term strategic partnerships with well-known manufacturers such as Chery, BYD, and Geely, and has received multiple quality certifications [7] Group 3 - The meeting included discussions on industry trends, technological upgrades, and business cooperation, fostering a brainstorming environment among participants [8] - Attendees also had the opportunity to tour the exhibition hall and production facilities, enhancing their understanding of Jide Precision's operations [8]

Core Viewpoint - The company, Ruikeda, has begun small-scale supply of humanoid robot products, with projected sales revenue of approximately 10 million yuan in 2025, representing 0.41% of the expected revenue for 2024. However, the actual sales revenue remains uncertain due to the early stage of the industry [2][3]. Group 1: Company Performance and Financials - Ruikeda expects to achieve a net profit attributable to shareholders of between 151 million yuan and 171 million yuan for the first half of 2025, reflecting a year-on-year growth of 132.44% to 163.22% [3]. - The increase in profit is attributed to steady growth across various business segments, leading to a rise in order volume, along with advancements in technology, process innovation, and production automation [3]. - The company has seen an increase in orders from overseas factories compared to the previous year, indicating improved operational capacity [3]. Group 2: Business Development and Market Strategy - Future development focuses on several key areas: research and industrialization of products related to 6G communication and AI data centers, development of high-speed automotive products, expansion of overseas customer base, and exploration in humanoid robots and medical devices [3]. - The global connector industry is experiencing steady demand growth, particularly in China, which presents a broad market outlook for connectors [3]. - The company plans to enhance technological research and product development, while also expanding into new application fields such as AI and data centers, humanoid robots, and low-altitude economy [3].