9月24日，苏州东山精密（002384）制造股份有限公司(以下简称"东山精密")发布公告称，为进一步推 动公司国际化战略落地、拓展海外业务布局，提升国际品牌知名度与综合竞争力，东山精密正筹划发行 H股并在香港联合交易所有限公司(以下简称"香港联交所")主板挂牌上市的相关工作。 众和昆仑(北京)资产管理有限公司董事长柏文喜对《证券日报》记者分析称，从战略价值看，港股平台 与东山精密的全球化布局高度契合。一方面，借助旗下公司的国际客户网络，东山精密已深度融入全球 高端电子产业链；另一方面，港股市场聚集的国际机构投资者群体，不仅能为公司提供长期稳定的资金 支持，更可强化其与海外客户的合作信任度，进一步拓展国际市场份额。同时，在AI(人工智能)服务器 与数据中心供应链中，港股上市将帮助东山精密提升全球话语权，更好地把握高端光模块领域的增长机 遇。 柏文喜进一步表示，当前港股市场已汇聚新能源汽车、消费电子及AI产业链等领域的核心企业，形成 鲜明的产业集群效应。东山精密登陆香港联交所后，可依托港股资本平台深化与上下游企业的协同合 作，强化"PCB+光模块+精密组件"的一体化供应优势，这一业务模式也与港股市场对"硬科技+产 ...

Core Viewpoint - Nanjing Putian Telecommunications Co., Ltd. reported a decline in operating revenue and net profit for the first half of 2025, indicating challenges in its business performance while also highlighting efforts to optimize operations and explore new business directions [1][14]. Financial Performance - Operating revenue for the reporting period was 306.31 million yuan, a decrease of 12.23% compared to the previous year [1][14]. - Net profit attributable to shareholders was -7.15 million yuan, showing a year-on-year improvement of 24.37% from a loss of 9.46 million yuan [1][14]. - Net profit after deducting non-recurring gains and losses was -7.41 million yuan, a decrease of 37.72% from -11.90 million yuan in the previous year [1]. - Net cash flow from operating activities was -132.27 million yuan, a decline of 8.22% from -122.22 million yuan [1]. - Total assets at the end of the reporting period were 691.78 million yuan, down 17.45% from 838.02 million yuan the previous year [1]. Business Strategy and Development - The company focused on its principal responsibilities in the cyberspace information sector, emphasizing basic communication networks, multimedia communication products, and intelligent lighting products [1][5]. - It aimed to optimize its industrial layout and strengthen core capabilities while exploring new business directions for high-quality development [1][5]. - The company achieved significant results in green product certification and low-carbon applications, obtaining the Product Carbon Footprint Certificate for its optical cable assemblies [7]. Key Projects and Collaborations - In the intelligent cabling business, the company secured high-end market positions and won bids for projects with NR Electric Co., Ltd. and the China-Europe Freight Train Assembly Center [7]. - For intelligent conferencing, the company collaborated with Huawei to develop a tri-screen product for high-end customers and successfully implemented projects for major financial institutions [8]. - In the intelligent lighting sector, the company expanded its customer base and won bids for projects with State Grid and Beijing Fortune Lighting System Engineering Co., Ltd. [9]. Technological Innovation - The company focused on core technology innovation, enhancing its competitive advantages in communications, multimedia solutions, and smart lighting [10]. - It developed high-performance cabling products and optimized its conferencing systems for better integration with mainstream platforms [11][12]. Organizational and Operational Improvements - The company reinforced its Party-building leadership and optimized its organizational structure by closing loss-making divisions [13]. - It intensified efforts for cost control and efficiency improvement to enhance operational performance [13].

Group 1: Company Overview and Strategic Moves - The company is acquiring 100% of the shares of Sols Optoelectronics through its wholly-owned subsidiary, Chao Yi Group, and plans to subscribe to its convertible bonds. This strategic integration aims to enhance business layout and achieve synergy among core business sectors such as consumer electronics, new energy vehicles, and optical communications [2][3] - Sols Optoelectronics is a leading player in the global optical communication module industry, leveraging a vertically integrated product line and IDM (Integrated Device Manufacturing) model to establish its core competitiveness [2][3] Group 2: Financial Performance and Projections - The company aims to complete the acquisition by the third quarter of 2025, with all parties actively promoting the necessary approvals [3] - Financial data disclosed in the acquisition announcement indicates a noticeable improvement in Sols' operational performance over the past year [3] - The main profit contributors for the company this year include: - Softboard business, supported by its presence in consumer electronics and new energy vehicles - Hardboard business, benefiting from the growth in 5G communication and data center demands - Touch display business, which has turned profitable through structural optimization and efficiency improvements - Precision manufacturing, leveraging advanced processes and a diverse product matrix - The LED business is currently in a loss state, prompting the company to adjust its direction and control costs to ensure overall target achievement [3] Group 3: Future Developments - The Thai factory is primarily planning to produce module boards, with production expected to commence in the fourth quarter of 2025 [3]

Group 1: Business Overview - The company focuses on three main business sectors: aerospace applications, automotive electronics, and the Internet of Things (IoT) [2][3] - Aerospace application products include accelerometers, precision manufacturing, aerospace auxiliary materials, and testing and control equipment [2][3] - The automotive electronics segment primarily offers in-vehicle cabin sensors and automotive instruments [2][3] Group 2: Recent Transactions and Strategic Focus - The sale of AC Company, which generated revenue of 3.179 billion yuan (approximately 46.1% of total revenue), is part of the company's strategy to concentrate on its core business areas [3][4] - The divestiture aims to optimize the company's capital structure and enhance resource utilization, thereby improving core competitiveness [3][4][5] - Post-sale, the company assures that other business segments will continue stable operations without adverse impacts from the divestiture [4][5] Group 3: Future Development and Market Position - The company plans to enhance its capabilities in aerospace applications, focusing on technology and process improvements [4][5] - In 2024, the aerospace application business is expected to account for approximately 11% of total revenue [4] - The company is actively exploring new productivity areas, including artificial intelligence and robotics, to strengthen its market position [4][5] Group 4: Investor Relations and Communication - The company acknowledges the need for improved communication with the capital market to enhance its visibility and market value [5][6] - Suggestions for a name change to better reflect the company's core business and avoid confusion with other entities have been noted [6]