Core Viewpoint - Industrial Fulian (601138) has seen a significant increase in stock price, closing at 36.59 yuan, up 10.88% from the previous week, with a market capitalization of 726.658 billion yuan, ranking 1st in the consumer electronics sector and 15th in the A-share market [1] Company Announcements Summary - Industrial Fulian announced the signing of a tripartite supervision agreement for the storage of raised funds, with a total of 1,969,530,023 shares issued at a price of 13.77 yuan per share, raising approximately 27.12 billion yuan, with a net amount of about 26.72 billion yuan after deducting issuance costs [1] - As of December 31, 2024, the total amount of raised funds used is approximately 25.28 billion yuan, leaving a balance of about 3.91 billion yuan [1] - The company has approved the establishment of a new R&D center for precision components for next-generation smartphones and signed the tripartite supervision agreement on August 4, 2025 [1] Share Buyback Progress Summary - The share buyback plan was first disclosed on April 15, 2025, with a buyback period from April 30, 2025, to April 29, 2026, and an expected buyback amount between 50 million and 100 million yuan [2] - As of July 31, 2025, the company has repurchased 7.6974 million shares, accounting for 0.04% of the total share capital, with a total expenditure of approximately 14.71 million yuan [2] - The repurchase price ranged from 18.40 yuan to 19.84 yuan per share, with the maximum repurchase price adjusted to 19.36 yuan due to the 2024 annual equity distribution [2]

Core Viewpoint - The company plans to establish a "Next Generation Smartphone Precision Component R&D Center Project" with an investment budget of 726 million yuan, aimed at enhancing R&D capabilities in new materials and technologies for high-end smartphones [1] Investment and Project Details - The project will be implemented by Shenzhen Yuzhan and is expected to have a construction period from the date of shareholder meeting approval until December 31, 2026 [1] - The investment budget for the project is set at 726 million yuan [1] Strategic Objectives - The project aims to strengthen the company's R&D investment in cutting-edge smartphone technologies, thereby enhancing its core competitiveness [1] - Although the project will not generate immediate benefits, it is expected to attract top technical talent and bolster the company's innovation capabilities, contributing to a sustainable innovation mechanism [1] - The initiative is designed to solidify the company's leading position in the industry [1]