南通深化作风建设，将规范涉企检查作为优化营商环境的关键抓手，通过精准施策、科技赋能、制度创 新，构建起"无事不扰、有求必应"的政商关系，让企业和商户在规范监管中感受到"法治温度"，在高效 服务中激发"创新热度"。 精准服务 "2023年投产以来，公司的销售额爆发式增长，发展实现'三级跳'。"安费诺公司总经理胡卫忠说。该公 司坐落于南通高新区，是以生产电子连接器为主的电子元器件制造商，合作商囊括多家国际知名科技与 互联网企业。然而几年前，该公司所在地还只是一家印刷包装公司的闲置地皮。 一件事一次办，惠企便民齐称赞。前不久，江苏省南通市海门区交通运输局在办理艾郎风电百米叶片的 大件运输许可审批中，依托"一体化+智慧执法+信用监管"交通综合执法新模式，将审批时间从法定承 诺三类件20个工作日压缩至5个工作日，有力地支撑了本地制造业大型设备的特种运输。 "种好梧桐树，引得凤凰来"。南通市纪委监委聚焦涉企行政检查关键环节，着力破解难点堵点问题，持 续优化营商环境，服务民营经济高质量发展。自开展国有资产清查利用专项行动和监督体系试点以来， 高新区排查出一批低效闲置资产。地方纪委监委从厘清职责入手，督促推动低效闲置资产的盘 ...

Core Viewpoint - Zhishang Technology plans to acquire approximately 99.86% of Hengyang Data for a total transaction price of 1.148 billion yuan, aiming to enhance its product layout and capitalize on the growing demand for AI computing power [1][2] Group 1: Acquisition Details - The acquisition will involve issuing shares and cash payments, with the share price set at 43.09 yuan per share, where 70% of the payment will be in shares (804 million yuan) and 30% in cash (344 million yuan) [1] - After the transaction, Zhishang Technology's total share capital will increase to 147,335,805 shares, with no change in the controlling shareholder or actual controller [1] Group 2: Strategic Importance - Hengyang Data specializes in intelligent computing and data processing solutions, positioning itself as a key player in AI computing centers and cloud computing infrastructure [1] - The acquisition represents a strategic move for Zhishang Technology to transition from "data transmission" to "intelligent data transmission and processing," thereby extending its business into the intelligent computing sector [2] Group 3: Market Expansion and Performance Commitments - Post-acquisition, the company aims to expand its market coverage and deepen collaborations with key clients like Alibaba, while exploring new market opportunities, especially in overseas markets [2] - Hengyang Data's shareholders have committed to achieving a cumulative net profit of no less than 300 million yuan over three consecutive fiscal years, with specific annual targets set for 2025, 2026, and 2027 [2] Group 4: Recent Investments - Zhishang Technology has also announced plans to invest approximately 180 million yuan in building a smart manufacturing base in Vietnam, which is expected to enhance production capacity for gaming machine components and optical communication products [3] - The Vietnam project is projected to generate an average annual sales revenue of 687 million yuan, with an investment return rate of 29.01% and a payback period of 7.32 years [3]

深交所指出，长盈精密的上述行为违反了本所规定。深交所要求长盈精密董事会充分重视问题，吸取教训，及时整改，杜绝此类问题再次发生，并提醒上市 公司必须按国家法律、法规和深交所规定认真、及时履行信息披露义务，董事会全体成员要保证信息披露内容真实、准确、完整，无虚假记载、误导性陈述 或重大遗漏，并承担个别和连带的责任。 据东方财富网数据，长盈精密董事长陈奇星2023-2024年均领薪84万元，未涨薪。 据监管函内文，2025年4月17日，长盈精密披露的《关于追认2024年度日常关联交易及预计2025年度日常关联交易的公告》显示，2024年该公司与关联方四 川峰盈新能源科技有限公司累计发生关联交易4245.97万元，占长盈精密2023年末经审计净资产的比例为0.73%。长盈精密未及时履行审议程序及披露义务， 直至2025年4月17日才通过董事会审议并补充披露。 陈奇星，长盈精密董事长，1959年出生，中国国籍，大专学历。历任深圳市南山区粤海实业公司部门经理；长盈投资执行董事；深圳市海鹏信息电子股份有 限公司董事。 4月17日，长盈精密发布2024年年报。报告显示，公司2024年营业收入为169.34亿元，同比增长23. ...

Core Viewpoint - Zhishang Technology has announced significant delays in the progress of its IPO fundraising projects, with less than 30% of the investment completed, raising concerns about the company's financial management and project execution [2][3]. Group 1: IPO and Fundraising Details - Zhishang Technology went public on July 14, 2023, issuing 32.17 million shares at a price of 57.66 yuan per share, resulting in a total fundraising amount of 1.855 billion yuan, with a net amount of 1.689 billion yuan after deducting issuance costs [3]. - The company planned four main investment projects and one supplementary working capital project, with a total expected investment of approximately 1.312 billion yuan [4]. Group 2: Project Progress and Delays - As of the end of 2023, Zhishang Technology had invested 442 million yuan in its fundraising projects, which was considered acceptable given the short time since its IPO [4]. - By the end of 2024, the company had invested a total of 702 million yuan, with project completion rates ranging from 29.43% to 49.99% [5][6]. - On July 11, 2025, the company announced the postponement of three projects' completion dates from July 7, 2025, to July 7, 2026, indicating further delays in project execution [7][9]. Group 3: Financial Management and Investment Strategy - Approximately 1 billion yuan of the raised funds has been allocated to high-yield financial products, contributing to about 25% of the company's total profit in 2024 [6]. - The company also used part of the excess funds (130 million yuan) to acquire a 52% stake in Shenzhen Xike Industrial Co., Ltd. [6]. - As of June 30, 2025, the company had a remaining balance of 976 million yuan in its fundraising account, indicating a significant amount of idle funds [6][10]. Group 4: Financial Performance - Zhishang Technology's net profit dropped by 37.72% in 2023 and further declined by 7.85% in 2024, reflecting poor financial performance since its IPO [10]. - As of July 14, 2025, the company's market capitalization stood at 8.712 billion yuan [10].

Core Viewpoint - The article highlights the significant delays in the investment projects of Zhishang Technology following its IPO, with less than 30% of the investment progress achieved, raising concerns about the company's financial management and project execution [2][9]. Group 1: IPO and Fundraising - Zhishang Technology went public on July 14, 2023, issuing 32.17 million shares at a price of 57.66 yuan per share, resulting in a total fundraising amount of 1.855 billion yuan, with a net amount of 1.689 billion yuan after deducting issuance costs [4]. - The company planned four main investment projects and one supplementary working capital project, with a total expected investment of approximately 1.312 billion yuan [5]. Group 2: Project Progress and Delays - As of the end of 2023, Zhishang Technology had invested 442 million yuan in the fundraising projects, which was considered acceptable given the short time since the IPO [6]. - By the end of 2024, the company had only invested 702 million yuan in the projects, with progress ranging from 29.43% to 49.99% for the four main projects, indicating a slowdown in project execution [6][10]. - On July 11, 2025, the company announced the postponement of three investment projects' completion dates from July 7, 2025, to July 7, 2026, while one project was concluded with a significant portion of funds transferred to the surplus fund account [9][13]. Group 3: Financial Management - The company has allocated nearly 1 billion yuan of its funds to purchase structured financial products, which accounted for about 60% of the total raised funds, generating approximately 31.49 million yuan in net income, contributing to about 25% of the company's total profit in 2024 [7][8]. - A small portion of the surplus funds, amounting to 130 million yuan, was used for the acquisition of a 52% stake in Shenzhen Xike Industrial Co., Ltd. [8]. Group 4: Financial Performance - Since its IPO, Zhishang Technology has experienced a significant decline in net profit, with a year-on-year decrease of 37.72% in 2023 and a further decline of 7.85% in 2024 [15]. - As of July 14, 2025, the company's market capitalization stood at 8.712 billion yuan [16].

Group 1 - Company signed a strategic cooperation framework agreement with Shenzhen Green Cloud Technology Co., Ltd. to develop liquid cooling server products and technology [1] - Green Cloud Technology is a subsidiary of NetEase Technology and specializes in providing green data center solutions based on immersion liquid cooling technology [1][2] - The cooperation focuses on three main areas: product processing, joint technology research and development, and resource sharing [2] Group 2 - In product processing, Green Cloud will prioritize entrusting the manufacturing of integrated systems and related equipment to the company under equal business conditions [2] - Joint R&D will target cutting-edge technologies in liquid cooling servers, with both parties determining research directions and projects together [2] - Resource sharing will involve Green Cloud providing experimental support and the company offering mold development services to assist in new product testing [2] Group 3 - The company specializes in precision component manufacturing and R&D, with products used in electric vehicle systems, smart terminals, and consumer electronics [3] - In 2024, the company's automotive electronics and new energy vehicle business achieved sales revenue of 1.041 billion yuan, with over 80% from new energy vehicles, showing a growth rate of over 10% [3] - The company has completed capacity planning in multiple domestic locations and is expanding overseas in Thailand, Vietnam, and Indonesia, while strengthening market presence in Europe and North America [3] Group 4 - The company aims to focus on opportunities in computing servers and robotics, actively seeking external development opportunities based on industry insights [3]

Industry Overview - China has become the largest production base and consumer market for electronic connectors globally, with a market size projected to reach approximately 212.37 billion yuan in 2024, representing a year-on-year growth of 11.67% [1][12] - The electronic connector industry in China is rapidly evolving towards high-frequency, low-loss, and high-reliability products, driven by advancements in technologies such as 5G, IoT, and AI [1][12] Industry Development History - The development of China's electronic connector industry can be divided into four stages: the embryonic period (1940-1949), the initiation period (1950-1970), the rapid development period (1980-2000), and the maturity period (2000-present) [4][5] Industry Supply Chain - The upstream of the electronic connector industry includes raw materials such as copper, alloy materials, and various plastics, while the midstream involves the manufacturing of electronic connectors, and the downstream applications span across automotive, communication, consumer electronics, and industrial control sectors [7] Market Demand and Trends - The demand for electronic connectors is continuously growing, primarily driven by the rapid development of the new energy vehicle market and consumer electronics, with significant increases in the demand for high-density and high-voltage connectors [21] - The trend towards smart and high-frequency connectors is becoming a core focus, with innovations in materials and manufacturing processes enhancing performance and driving the industry towards high-end and intelligent solutions [20] Competitive Landscape - The competition in the electronic connector industry is intensifying, with domestic companies like Luxshare Precision and AVIC Optoelectronics gaining market share through technological innovation and customized services, while international brands maintain dominance in the high-end market [22][14]

Group 1: Business Performance and Financials - As of the end of 2024, the company's total assets amounted to 3,095.18 million yuan, with equity attributable to shareholders at 2,484.34 million yuan [8] - The company achieved a revenue of 974.17 million yuan in 2024, representing a year-on-year growth of 94.07% [8] - The net profit attributable to shareholders was 67.28 million yuan, showing a year-on-year decline of 7.85% [8] Group 2: Market Position and Product Development - The company has a strong competitive edge in the gaming machine components market, benefiting from the rapid development of the consumer electronics industry driven by 5G, AI, and VR/AR technologies [2] - The company focuses on precision electronic components, with key products including gaming machine parts, optical fiber connectors, and automation equipment [6][7] - The company is committed to enhancing its market position in the automation equipment sector and exploring opportunities in the robotics industry [5] Group 3: Shareholder Relations and Dividend Policy - The company adheres to legal regulations regarding profit distribution, ensuring shareholder rights are maintained [3] - There is an ongoing discussion about increasing the dividend payout ratio to enhance shareholder value [3] - The company emphasizes protecting the interests of investors, particularly small and medium-sized shareholders, through transparent operations and effective investor relations management [3] Group 4: Strategic Decisions and Acquisitions - The decision to sell the Dongguan Fokexima was aligned with the company's long-term strategic planning to optimize industry configuration and enhance financial strength [4] - The acquisition of Hengyang is progressing, with the company committed to timely information disclosure regarding the transaction [11] - The company is actively managing the impact of U.S. tariffs on its operations, indicating limited overall effect on business performance [12]

Core Viewpoint - The announcement regarding the divorce and asset division between the controlling shareholders of Zhu Cheng Technology has led to significant market reactions, including a notable drop in stock price despite assurances that there would be no change in control or ownership structure [2][3]. Shareholder Changes - The divorce resulted in Zhang Jianchun transferring 8,767,500 shares to Shi Lefen, reducing his direct holding from 19.23% to 12.82%, while Shi Lefen's holding increased from 6.41% to 12.82% [5][4]. - Following the announcement, Zhu Cheng Technology's stock price fell to 40.55 yuan per share, representing a decline of 6.76% and a total market capitalization of approximately 55.46 billion yuan [2][5]. Company Background - Zhu Cheng Technology was established from Wenzhou Zhu Cheng Electric Co., Ltd., with Zhang Jianchun as the founder and current chairman, and Shi Lefen serving as a board member and secretary [5][6]. - The company specializes in the research, production, and sales of electronic connectors, with applications in consumer electronics, automotive, and renewable energy sectors [8][9]. Financial Performance - Zhu Cheng Technology has shown consistent revenue growth since its listing, with revenues of approximately 10.44 billion yuan in 2022, projected to reach 16.03 billion yuan by 2024. Net profits are expected to grow from 1.1 billion yuan in 2022 to 1.86 billion yuan in 2024 [9]. - The company plans to pursue mergers and acquisitions to expand production capacity and enhance its product offerings, aiming for a dual-driven strategy in its core and new business areas over the next 3 to 5 years [9]. Shareholder Structure - As of the latest data, the direct and indirect shareholding of the four main shareholders (Zhang Jianchun, Shi Lefen, Zhang Jiandao, and Shi Shile) collectively accounts for a significant portion of Zhu Cheng Technology's equity [6][4].

Core Viewpoint - The announcement by Zhu Cheng Technology regarding the divorce and asset division between controlling shareholders Zhang Jianchun and Shi Lefen has led to significant market reactions, including a drop in stock price despite assurances that there would be no change in control or ownership structure [2][3][7]. Shareholder Structure - The actual controlling shareholders of Zhu Cheng Technology include Zhang Jianchun, Shi Lefen, Zhang Jiandao, and Shi Shile, with Zhang Jianchun being the founder [5][7]. - Following the divorce, the direct shareholding percentages of the controlling shareholders are as follows: Zhang Jianchun 12.82%, Shi Lefen 12.82%, Zhang Jiandao 19.11%, and Shi Shile 16.89% [6]. Stock Market Reaction - On May 9, the stock price of Zhu Cheng Technology opened lower, with intraday declines exceeding 7%. The closing price was 40.55 yuan per share, reflecting a drop of 6.76% and a total market capitalization of approximately 55.46 billion yuan [4]. Financial Impact of Share Transfer - The transfer of 8,767,500 shares from Zhang Jianchun to Shi Lefen, due to the divorce, resulted in a market value of approximately 3.81 billion yuan for these shares [9][8]. Company Performance - Zhu Cheng Technology has shown stable revenue growth since its listing, with revenues of approximately 10.44 billion yuan in 2022, 12.16 billion yuan in 2023, and projected 16.03 billion yuan in 2024. Net profits for the same years were approximately 1.1 billion yuan, 1.47 billion yuan, and 1.86 billion yuan respectively [18]. Future Plans - The company plans to cautiously pursue mergers and acquisitions in related industries to enhance production capacity, improve R&D capabilities, and expand market share over the next 3 to 5 years [19].