深圳市景旺电子股份有限公司 关于向银行申请固定资产贷款及增加综合授信额度暨 为子公司提供担保的公告 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。 证券代码：603228 证券简称：景旺电子 公告编号：2025-131 重要内容提示： 担保对象及基本情况 | | | 被担保人名称 | 景旺电子科技（珠海）有限公司 | | --- | --- | --- | --- | | | | 本次预计担保金额 19.00 | 亿元 | | 担 | 保 对 | 32.00 实际为其提供的担保金额 | 亿元（含 亿元共用额度）（注 10.00 | | 象 1 | | 1） | | | | | 是否在前期预计额度内 □是 | 否 □不适用：_________ | | | | 本次担保是否有反担保 □是 | 否 □不适用：_________ | | | | 被担保人名称 | 景旺电子科技（龙川）有限公司 | | | | 本次预计担保金额 0.50 | 亿元 | | 担 | 保 对 | 10.50 | 亿元（含 10.00 亿元共用额度）（注 ...

证券代码：603228 证券简称：景旺电子 公告编号：2025-130 深圳市景旺电子股份有限公司 关于聘请 H 股股票发行并上市审计机构的公告 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个别及连带责任。 重要内容提示： 深圳市景旺电子股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日召 开第五届董事会第六次会议审议通过《关于聘请 H 股股票发行并上市审计机构 的议案》，同意聘请安永会计师事务所（以下简称"安永香港"）为公司拟申请 首次公开发行境外上市外资股（H 股）并在香港联合交易所有限公司主板上市（以 下简称"本次发行并上市"）的审计机构。本事项尚需提交公司股东会审议批准。 现将有关情况公告如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 安永香港为一家根据香港法律设立的合伙制事务所，由其合伙人全资拥有。 为众多香港上市公司提供审计、税务和咨询等专业服务，包括银行、保险、证券 等金融机构。安永香港自成立之日起即为安永全球网络的成员，为独立的法律实 体。 （二）投资者保护能力 安永香港根据香港《会计及财务汇 ...

景旺电子：发行境外上市股份（H股）并申请在香港联合交易所有限公司主板上市交易。 ...

Core Viewpoint - The approval of NVIDIA's H200 AI chip export to China by President Trump is seen as a strategic consideration in the AI chip sector, leading to a strong market reaction and mixed performance among related Chinese stocks [1][2]. Group 1: Market Reaction - The announcement led to a collective rise in A-share related concept stocks, with NVIDIA's supply chain partners experiencing significant gains [1]. - Stocks such as Shenghong Technology (300476.SZ) rose over 6%, while Zhongji Xuchuang (300308.SZ) increased by more than 5%, reaching a historical high of 603.28 yuan [1]. - Domestic AI chip companies showed varied performance, with companies like Moer Thread (688795.SH) rising by 3.22% [1]. Group 2: Implications for Chinese Companies - The approval of H200 chip exports is viewed as a boost for Chinese companies in NVIDIA's supply chain, enhancing their product competitiveness [2]. - Market sentiment led to gains in AI-related sectors, with companies like Shaanxi Huada (301517.SZ) hitting the daily limit and Dekeli rising over 18% [2]. - There is a divergence in performance among domestic GPU companies, reflecting mixed expectations regarding the potential for domestic GPUs to replace NVIDIA chips [2]. Group 3: Challenges and Opportunities - The export of NVIDIA's H200 chip presents both challenges and opportunities for A-share GPU manufacturers [2]. - Increased supply of NVIDIA chips may intensify market competition, potentially reducing market share for domestic chip companies [2]. - Conversely, this situation may drive domestic chip firms to innovate and accelerate the development of the AI chip industry in China [2].

Group 1 - The core viewpoint of the articles highlights the positive performance of the CSI 500 Quality Growth Index and its constituent stocks, indicating a potential shift in market style towards high elasticity and growth sectors due to supportive fiscal and monetary policies [1][2]. - The CSI 500 Quality Growth ETF (560500) has shown a significant increase in trading volume and scale, with a weekly growth of 437.01 million yuan, reflecting strong investor interest [1][2]. - The National Bureau of Statistics reported a year-on-year increase of 9.5% in the added value of the digital manufacturing industry from January to October, with specific sectors like smart equipment manufacturing and electronic components showing growth rates of 11.1% and 12.3% respectively [2]. Group 2 - The top ten weighted stocks in the CSI 500 Quality Growth Index account for 21.53% of the index, with notable performers including Huagong Technology and Kaiying Network, which have seen increases of 2.94% and 2.05% respectively [3]. - The CSI 500 Quality Growth ETF closely tracks the CSI 500 Quality Growth Index, selecting 100 companies with high profitability, sustainable earnings, and strong cash flow, providing diverse investment targets for investors [2].

Strategy - The technology competition under the Kondratiev wave continues to open up valuation ceilings, with a focus on "bottleneck" and future industry high ground [14][15] - The current valuation of China's science and technology innovation is still lower than that during the internet boom in the 1990s, indicating potential for further upward movement [14][18] - The "14th Five-Year Plan" emphasizes seizing the high ground of technological development, focusing on key areas such as integrated circuits and advanced manufacturing [14][19] Electronics - The scaling law remains effective, with the introduction of multi-modal and agent models expected to accelerate AI computing demand [8][15] - The PCB industry is anticipated to maintain high growth due to its heavy asset nature and product structure optimization, which can lead to non-linear performance improvements for companies [8][15] Computer - New models are being launched intensively, marking a shift in AI competition towards "strong reasoning + native multi-modal" capabilities [9][15] - Significant releases include Google's Gemini 3 and DeepSeek V3.2, which enhance multi-modal understanding and practical applications [9][15] Media - Long-term optimism for the acceleration of AI product applications and commercialization, with a focus on AI agents, companionship, multi-modal applications, education, and edge AI [9][15] Humanoid Robots - The industry is transitioning from concept validation to commercialization, with companies that have growth potential in key components or specific solutions likely to benefit [10][15] - Investment opportunities are identified in the incremental component sector, with a focus on aesthetic preferences in the market [10][15] Automotive - The launch of Horizon Robotics' HSD and J6P models marks a significant step in mass production, with companies like WeRide and Pony.ai also making strides in the market [10][15] - Recommendations include focusing on luxury car opportunities with strong product pipelines and valuation elasticity, as well as autonomous driving technologies [10][15] Selected Portfolio - The December selected portfolio includes upstream production tools like Zhuoyi Information, upstream computing infrastructure such as Jingwang Electronics, and downstream applications like Alibaba [11][15]

Group 1: Company Overview - Shengyi Technology (600183) focuses on high-frequency and high-speed copper-clad laminates and bonding sheets for the commercial aerospace sector, providing core materials for satellite communication equipment and rocket electronic control systems, with over 30 years of technology accumulation in high-frequency materials [1][19] - Guangqi Technology (002625) is a leader in metamaterials for aerospace applications, developing lightweight and high-strength structural components that reduce the weight of aerospace equipment by over 30%, enhancing stealth and extreme environment capabilities [2][20] - China Satellite Communications (601698) is the only domestic operator of commercial communication satellites, managing 18 high-orbit satellites and leading the GW constellation project for 13,000 low-orbit satellites, covering over 95% of the globe [3][21] Group 2: Product Applications - Jingwang Electronics (603228) provides high-density interconnect (HDI) printed circuit boards and flexible circuit boards for commercial aerospace, with applications in satellite navigation systems and rocket measurement and control equipment [4][22] - Sanan Optoelectronics (600703) specializes in the research and production of GaN (gallium nitride) semiconductors, which are critical components for rocket engine control systems and satellite communication payloads, significantly improving energy efficiency and reliability [5][22] - China Aerospace Science and Technology Corporation (600118) is the only listed platform of the Aerospace Science and Technology Group, focusing on the research, manufacturing, and integration of commercial satellites, holding the largest market share in small satellites in China [7][25] Group 3: Emerging Technologies - Guodun Quantum (688027) applies quantum communication technology in commercial aerospace, developing satellite-based quantum communication payloads and quantum key distribution devices to ensure secure data transmission [8][26] - Aerospace Electronics (600879) has a dominant market share in rocket measurement and control systems, with over 90% market share, and provides core measurement and control solutions for private rocket companies [9][27] - Light Library Technology (300620) develops core optical communication devices for satellite laser communication systems, enabling high-speed, low-loss data transmission between satellites [10][28] Group 4: Industry Trends - Huafeng Technology (688629) provides high-reliability connectors and cable components for commercial aerospace, meeting the needs of rocket structure connections and satellite payload integration [13][32] - Aojie Technology (688220) focuses on satellite communication baseband chips, enabling efficient data exchange between satellites and ground terminals, supporting new applications like direct satellite connections for mobile phones [14][33] - Zhongke Xingtou (688568) offers space-based big data processing and application services, leveraging its GEOVIS digital earth platform for diverse data services in agriculture, urban planning, and disaster warning [15][34]

Core Viewpoint - The local stocks in Fujian have experienced a surge, with over 20 stocks hitting the daily limit up, indicating strong market activity and investor interest in the region [3][12]. Group 1: Market Performance - The Fujian sector's trading volume reached 1739.2 billion, with more than 20 stocks hitting the daily limit up [3]. - The CPO (Co-Packaged Optics) sector led the gains, with major players like Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication each exceeding 160 billion in trading volume [3]. - Tianfu Communication hit a historical high with a closing increase of 19.19%, bringing its market capitalization to 184.17 billion [3][8]. Group 2: Sector Highlights - The technology sector remains active, particularly in the computing power industry chain, with significant gains in CPO, F5G, optical fiber, and storage chip sectors [5]. - Companies like Dongtian Micro and Zhishang Technology achieved a daily limit up, while Tianfu Communication and Changguang Huaxin saw substantial price increases [5]. - The component sector also showed strong performance, with companies like Taijing Technology and Jingwang Electronics hitting the daily limit up [9]. Group 3: Policy and Development - The Xiamen Municipal Committee has proposed a plan to advance the digital transformation of the city, emphasizing the development of AI and digital infrastructure [12]. - The plan includes enhancing the supply of computing power, algorithms, and data to support the city's digital economy [12]. - There is a focus on regional collaborative development, strengthening transportation networks, and integrating into national markets [14].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002199 | *ST东晶 | 8.95 | -2.51% | 3.08万 | 2768.00万 | | 300903 | 科翔股份 | 20.10 | -2.05% | 51.23万 | 10.41亿 | | 603175 | 超频电子 | 71.09 | -0.04% | 5.71万 | 4.06亿 | | 002134 | 天津普林 | 21.96 | 0.18% | 1 5.39万 | 1.19亿 | | 301566 | 达利凯普 | 18.79 | 0.37% | 14.03万 | 2.63亿 | | 61200E | 麦捷科技 | 12.14 | 0.50% | 27.82万 | 3.37亿 | | 603920 | 世运电路 | 41.29 | 0.51% | 18.06万 | 7.47亿 | | 920128 | 胜业电气 | 26.94 | 0.52% | 3754.28 | 1016.07万 | | 920491 | 圏曲威 ...

Core Insights - Google is set to hold a special event titled "The Android Show: XR Edition" to showcase software updates and hardware ecosystem for the Android XR platform, including various XR products like glasses and headsets [1] - The consumer electronics sector is experiencing a surge in AI-driven products, with notable sales figures such as Alibaba's AI glasses generating over 800 million yuan in 48 hours and Huawei's AI emotional companion product selling out quickly [1] - The China Securities Consumer Electronics Theme Index (931494) has seen a strong increase of 2.91%, with significant gains in component stocks like Lianxun Precision (up 9.99%) and Dongshan Precision (up 8.83%) [1] Industry Performance - The China Securities Consumer Electronics Theme Index tracks 50 companies involved in component production and design, reflecting the overall performance of the consumer electronics sector [2] - As of November 28, 2025, the top ten weighted stocks in the index account for 56.39% of the total index weight, with Lianxun Precision holding the highest weight at 9.34% [2] - The Consumer Electronics ETF (561600) has shown a 2.83% increase, marking a potential three-day rally [1][2] Stock Performance - Key stocks in the consumer electronics index have shown varied performance, with notable increases in stocks like Huagong Technology (up 6.81%) and Weilan Lithium Energy (up 4.86%) [2] - The trading volume for the Consumer Electronics ETF reached 34.05 million yuan, with a turnover rate of 7.43% [1]