苏州上声电子股份有限公司 章 程 二〇二五年六月 目 录 第一章 总则 、《证券法》和其他有关规定成立的股 公司由苏州上声电子有限公司的全体股东共同发起,由苏州 上声电子有限公司整体变更设立,在苏州市行政审批局注册 登 记 , 取 得 营 业 执 照 , 营 业 执 照 号 码:320500000201712280634。 第三条 公司于 2020 年 12 月 1 日经上海证券交易所(以下简称"证 券交易所")发行上市审核,并于 2021 年 3 月 16 日经中国证 券监督管理委员会(以下简称"中国证监会")注册,首次向 社会公众发行人民币普通股 4,000 万股,于 2021 年 4 月 19 日在上海证券交易所科创板上市。 第四条 公司注册名称:苏州上声电子股份有限公司。 英文名称:Suzhou Sonavox Electronics Co.,Ltd.。 第五条 公司住所:苏州市相城区元和街道科技园中创路 333 号。 邮政编码:215133。 第六条 公司注册资本为人民币 16,000 万元。 第七条 公司为永久存续的股份有限公司。 第八条 董事长为公司的法定代表人，董事长的产生及变更方式按照 本章 ...

证券代码：603936 证券简称：博敏电子 公告编号：临 2025-049 博敏电子股份有限公司 关于子公司为公司申请银行授信提供担保的公告 公司因日常经营发展需要，向中信银行股份有限公司珠海分行（以下简称 "中信银行"）申请授信额度为人民币 20,000 万元，期限为 12 个月，由君天恒 讯、江苏博敏共同为上述授信提供连带责任保证担保，担保金额为 20,000 万元。 前述担保不存在反担保情况。 根据《上海证券交易所上市公司自律监管指引第 1 号——规范运作》的相关 规定，君天恒讯、江苏博敏已就上述担保履行了内部决策程序，上述担保无需提 交公司董事会、股东大会审议。 二、被担保人基本情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 被担保人名称：博敏电子股份有限公司（以下简称"公司"或"博敏电 子"） ? 本次担保金额及已实际为其提供的担保余额：公司全资子公司深圳市君 天恒讯科技有限公司、江苏博敏电子有限公司（以下分别简称"君天恒讯"、"江 苏博敏"，公司直接持有君天恒讯及江苏博敏 100%股权）共 ...

近期，IPO申请受理有所加速，上周新增受理9家IPO申请。其中，悦龙科技、豪德数控、海圣医疗、永 励精密、美德乐、大亚股份拟冲刺北交所；三瑞智能、宏明电子拟登陆创业板；陕西旅游拟登陆沪市主 板。 据京沪深交易所披露，上周（5月26日-5月30日，下同）3家企业上会，新增9家IPO受理企业；1家提交 注册，1家企业注册获批；3家IPO终止。 与此同时，本周（6月3日-6月6日）1家公司上会迎考，1只新股安排申购。 一、IPO审核与注册进展 IPO申报持续升温，单周9家获受理 据招股书，悦龙科技主要从事流体输送柔性管道的研发、生产和销售。报告期内，悦龙科技产品面向全 球销售，客户分布于中国、欧洲、美洲、东南亚等多个国家和地区，境外销售收入占比约3成。2024 年，公司营收、归母净利润分别为2.62亿元、0.84亿元。 豪德数控专注于板式家具机械设备的研发、生产和销售，产品涵盖裁板开料、封边、钻孔等系列设备及 智能生产线，广泛应用于家具制造、建筑装饰等领域。报告期内，豪德数控业绩存在一定波动。2023- 2024年，公司分别实现营收4.94亿元、4.58亿元，增速为46.75%、-7.37%；归母净利润分别为0.7 ...

文/梧桐晓编 5月30日，深、沪、北三交易所共受理4家企业的IPO申请：深交所受理成都宏明电子、南昌三瑞智能科技的创业板IPO申请，上交所受理陕西旅游文化产业的主板 IPO申请，北交所受理大亚股份（832532）的IPO申请。深交所这两家IPO申请也是2025年首次获得受理的创业板IPO。值得一提的是，宏明电子股东共有547名， 2023年、2024年营收、扣非归母净利润同比持续下降，但2024年扣非净利润仍有2.767亿元。南昌三瑞智能2024年在全球民用无人机电动动力系统（不含动力电 池）市场的市场份额为7.1%，市场份额仅次于大疆创新，排名全球第二。报告期业绩快速增长。陕西旅游文化产业股份有限公司2022年亏损，2024年扣非净利润 超5亿元，选择主板上市第二套标准。 | | | | | | | | | | | | 1 7 1 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 发行人全称 | | 板块 | | | 证监会行业 | 保存机构 | 律师事务所 | 会计师事务所 | 更新日期 | ...

Core Viewpoint - Wentech Technology Co., Ltd. plans to sell its product integration business equity and business asset package, which is influenced by its inclusion in the U.S. "Entity List" leading to procurement and sales restrictions [3][10]. Financial Statements - The simulated consolidated financial statements include the simulated consolidated balance sheets for December 31, 2023, and December 31, 2024, as well as the simulated consolidated income statements for the years 2023 and 2024 [1][2]. Audit Opinion - The audit report states that the simulated financial statements fairly reflect the financial condition and operating results of the assets intended for sale as of December 31, 2023, and December 31, 2024 [2]. Key Audit Matters - Long-term asset impairment is identified as a key audit matter due to indications of impairment related to the product integration business, which has been affected by reduced business volume [3][4]. - Revenue recognition is also a key audit matter, as it significantly impacts the company's key performance indicators and requires accurate and complete recognition [4]. Management Responsibilities - The management of Wentech Technology is responsible for preparing the simulated financial statements in accordance with the specified basis and ensuring that they fairly reflect the company's financial position [5][6]. Company Overview - Wentech Technology Co., Ltd. is engaged in the manufacturing of computer, communication, and other electronic devices, as well as semiconductor manufacturing [9]. - The company primarily operates in the fields of intelligent terminal product research and manufacturing, semiconductor and new electronic component development, and optical module research and manufacturing [9]. Proposed Asset Sale - The proposed asset sale includes 100% equity of several subsidiaries and business asset packages, with a valuation date set for December 31, 2024 [10].

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected increase of over 15% relative to the CSI 300 index within the next six months [25]. Core Views - The company, Zhenhua Technology, reported a total revenue of 5.219 billion yuan for 2024, a year-on-year decrease of 32.99%, and a net profit attributable to shareholders of 970 million yuan, down 63.83% [6][10]. - The first quarter of 2025 showed a slight improvement, with revenue of 908 million yuan, a year-on-year decline of 10.4%, and a net profit of 58.51 million yuan, down 42.6% [7][10]. - The company focuses on new electronic components, which accounted for 99.18% of its revenue in 2024, indicating a strong commitment to its core business despite industry challenges [7][10]. - The report highlights that the demand for military defense is expected to improve as the 14th Five-Year Plan approaches its conclusion, potentially leading to a turning point in the company's performance [10][11]. Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 5.219 billion yuan, with a significant decline in net profit to 970 million yuan [6][10]. - The first quarter of 2025 saw revenue of 908 million yuan and a net profit of 58.51 million yuan, indicating a narrowing of the decline compared to the previous year [7][10]. - The gross margin for 2024 was reported at 49.7%, down 9.64 percentage points year-on-year, while the net margin was 18.6%, down 15.85 percentage points [8][10]. Business Outlook - The company aims for a revenue target of 5.7 billion yuan in 2025, reflecting a growth of 9.22% year-on-year, with a profit target of 1.145 billion yuan, up 3.06% [11][12]. - New orders in the high-tech electronics sector are expected to continue growing, supporting the outlook for improved military demand [11][12]. - The report anticipates that the military electronics component industry will see a recovery as demand from downstream customers increases [10][11]. Valuation and Forecast - The forecast for 2025 to 2027 includes projected revenues of 6.004 billion yuan, 7.267 billion yuan, and 8.223 billion yuan, with corresponding net profits of 1.169 billion yuan, 1.513 billion yuan, and 1.831 billion yuan [12][13]. - The report provides a price-to-earnings (P/E) ratio forecast of 22.95X for 2025, decreasing to 14.66X by 2027, indicating a potential for valuation improvement as earnings recover [12][13].

十四五收官国防需求有望向好，业绩拐点 有望出现 ——振华科技(000733)2024 年报&2025Q1 点评 证券研究报告-年报点评 买入(首次) 其他军工Ⅱ 分析师：刘智 登记编码：S0730520110001 liuzhi@ccnew.com021-50586775 -25% -15% -4% 6% 17% 27% 37% 48% 2024.05 2024.09 2025.01 2025.05 振华科技 沪深300 资料来源：中原证券研究所，聚源 相关报告 联系人：李智 市场数据(2025-05-14) | 收盘价(元) | 48.43 | | --- | --- | | 一年内最高/最低(元) | 64.07/32.59 | | 沪深 300 指数 | 3,943.21 | | 市净率(倍) | 1.81 | | 流通市值(亿元) | 268.19 | | 基础数据(2025-03-31) | | 每股净资产(元) 26.72 每股经营现金流(元) -0.05 毛利率(%) 42.49 净资产收益率_摊薄(%) 0.40 资产负债率(%) 18.02 总股本/流通股(万股) 55,416.94/55, ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Viewpoints - The company reported a significant decline in revenue and net profit for 2024, with revenue at 5.219 billion yuan, down 32.99%, and net profit at 970 million yuan, down 63.83% [3][10] - The company is deeply engaged in the electronic components industry, primarily focusing on military products while expanding into high-end civilian sectors, indicating a comprehensive product system and complete industrial chain [2][10] - The competitive landscape in the industry has intensified, leading to a decrease in profit margins due to factors such as increased competition, adjustments in procurement rhythms, and accelerated technological updates [3][10] Financial Performance Summary - In Q1 2025, the company achieved revenue of 908 million yuan, a year-on-year decrease of 10.45%, and a net profit of 59 million yuan, down 42.60% [3][10] - The gross margin for 2024 was 49.70%, down 9.65 percentage points, while the net margin was 18.60%, down 15.85 percentage points [3][10] - The company’s total assets were reported at 18.062 billion yuan, with a debt ratio of 18.02% [6][10] Strategic Developments - The company is actively exploring new growth areas in strategic emerging sectors such as commercial aerospace, low-altitude economy, civil aviation, and new energy vehicles [2][10] - There has been a notable increase in contract liabilities, indicating a potential recovery in demand, with contract liabilities rising by 37.99% compared to the end of 2024 [10] - The company continues to strengthen its technological capabilities and focus on cutting-edge technology research, despite a decrease in R&D expenses [11][12]