证券代码：002436 证券简称：兴森科技 公告编号：2025-04-025 为客观、真实、准确地反映公司截至 2024 年 12 月 31 日的财务状况、资产 价值及经营情况，基于谨慎性原则，按照《企业会计准则》和公司相关会计处理 规定，公司及合并报表范围内子公司对所属资产进行了减值测试，对公司截至 2024 年 12 月 31 日合并会计报表范围内有关资产计提相应的减值准备。 2、本次计提资产减值准备的资产范围、总金额和计入的报告期间 | | | | | | 单位：元 | | --- | --- | --- | | 类别 | 项目 | 本期发生额 | | 信用减值损失 | 其他应收款坏账损失 | -543,680.85 | | | 应收票据减值损失 | -15,398,170.19 | | | 应收款坏账损失 | -24,080,136.60 | | 资产减值损失 | 存货跌价损失 | -51,661,937.23 | | | 固定资产减值损失 | -70,116,797.14 | | | 在建工程减值损失 | -5,266,570.01 | | | 无形资产减值损失 | -140,136.11 | 深圳 ...

证券代码：002436 证券简称： 兴森科技 公告编号：2025-04-014 深圳市兴森快捷电路科技股份有限公司 深圳市兴森快捷电路科技股份有限公司 董事会 二〇二五年四月二十一日 2025 年 4 月 21 日，公司已将上述用于暂时补充流动资金的募集资金 1.80 亿元归还至募 集资金专户，使用期限未超过 12 个月。公司已将上述募集资金的归还情况通知了保荐机构及 保荐代表人。 截至本公告披露日，公司已累计归还暂时补充流动资金的募集资金 1.80 亿元，用于暂时 补充流动资金的募集资金余额为 2.95 亿元，公司将在到期之前归还，届时公司将及时履行信 息披露义务。 特此公告。 关于提前归还部分用于暂时补充流动资金的募集资金的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 深圳市兴森快捷电路科技股份有限公司(以下简称"公司")于 2024 年 9 月 6 日召开了第 七届董事会第四次会议、第七届监事会第三次会议，均审议通过了《关于使用部分闲置募集 资金暂时补充流动资金的议案》，同意公司在保证募投项目资金需求及在募集资金投资计划正 常进行的前提下，使用不 ...

债券代码：128122 债券简称：兴森转债 证券代码：002436 证券简称：兴森科技 公告编号：2025-04-013 深圳市兴森快捷电路科技股份有限公司 关于 2025 年第一季度可转换公司债券转股情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： | 股票代码：002436 | | | 股票简称：兴森科技 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券代码：128122 | | | 债券简称：兴森转债 | | | | | | | | 转股价格：人民币 | | 13.38 元/股 | | | | | | | | | 转股期限：2021 | 年 | 1 月 | 29 日至 | 2025 | 年 | 7 | 月 | 22 | 日 | 一、可转换公司债券发行上市概况 经中国证券监督管理委员会《关于核准深圳市兴森快捷电路科技股份有限公司公开发行 可转换公司债券的批复》（证监许可[2020]1327 号）核准，公司于 2020 年 7 ...

证券代码：002436 证券简称： 兴森科技 公告编号：2025-03-012 深圳市兴森快捷电路科技股份有限公司 2025 年第一次临时股东大会决议公告 1、深圳市兴森快捷电路科技股份有限公司（以下简称"公司"或"兴森科 技"）2025年第一次临时股东大会以现场会议和网络投票相结合的方式召开，其 中现场会议于2025年3月31日14:30在广州市黄埔区科学城光谱中路33号子公司 广州兴森快捷电路科技有限公司一楼会议室召开；通过深圳证券交易所交易系统 进行网络投票的时间为2025年3月31日的交易时间，即9:15—9:25，9:30—11:30 和13:00—15:00；通过深圳证券交易所互联网投票系统进行投票的时间为2025年 3月31日9:15至2025年3月31日15:00的任意时间。本次股东大会由公司董事会召 集，董事长邱醒亚先生主持。本次会议的召集和召开程序符合有关法律、行政法 规、部门规章、规范性文件和《公司章程》的规定。 2、出席本次股东大会的股东共计827人，代表股份270,329,675股，占公司 总股份的15.9996％。 1 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没 ...

观韬律师事务所 GUANTAO LAW FIRM Tel：8675525980899 Fax：8675525980259 E-mail：guantaosz@guantao.com http://www.guantao.com 深圳市福田区金田路皇岗商务中心 1 号楼 56 楼 邮编：518048 56/Floor, Tower 1, Excellence Century Center, Jintian Road, Futian District, Shenzhen 518048， P.R.China 北京观韬（深圳）律师事务所 关于深圳市兴森快捷电路科技股份有限公司 2025年第一次临时股东大会的法律意见书 北京观韬（深圳）律师事务所 法律意见书 观意字2025SZ000011号 致：深圳市兴森快捷电路科技股份有限公司 北京观韬（深圳）律师事务所（以下简称"本所"）接受深圳市兴森快捷电 路科技股份有限公司（以下简称"兴森科技"或"公司"）的委托，指派律师列 席兴森科技于2025年3月31日召开的2025年第一次临时股东大会（以下简称"本 次股东大会"），并依据《中华人民共和国公司法》（以下简称"《公司法》"） ...

Investment Rating - The report gives a "Buy" rating for the company, recommending it for investment based on its growth potential in the PCB and semiconductor sectors [4]. Core Insights - The company is a leading player in the PCB industry, benefiting from the dual drivers of AI development and domestic substitution of storage chips. Its IC substrate business is expected to achieve breakthroughs [4]. - The company has seen a steady increase in revenue from IC packaging substrates, which accounted for 15.32% of total revenue by 2023, reflecting a growing focus on this segment [23][4]. - The global AI chip market is projected to grow significantly, with a compound annual growth rate (CAGR) of 36.6% from 2024 to 2033, which will drive demand for ABF substrates [41][3]. - The domestic storage chip market is also expected to grow, with a CAGR of 12.1% from 2024 to 2034, further boosting the demand for BT substrates [44][3]. Summary by Sections Company Overview - The company, Shenzhen Xingsen Quick Circuit Technology Co., Ltd., specializes in the PCB industry and semiconductor testing boards, recognized as a national high-tech enterprise [5][14]. - It ranks 29th among the top 40 global PCB suppliers according to Prismark [14]. Financial Performance - For the first three quarters of 2024, the company reported revenue of 4.351 billion yuan, a year-on-year increase of 9.1%, but a net loss of 32 million yuan, a decrease of 116.59% compared to the previous year [29][4]. - The company has been increasing its R&D investment, with R&D expenses reaching 492 million yuan in 2023, up 28.46% year-on-year, primarily for IC packaging substrate projects [33][4]. Market Trends - The PCB industry is expected to grow at a CAGR of 5.4% from 2023 to 2028, driven by demand from sectors like AI servers and smart electric vehicles [19][3]. - The report highlights the importance of IC substrates in connecting chips to PCBs, emphasizing their critical role in the semiconductor supply chain [37][3]. Future Projections - Revenue growth is projected at 16.32%, 23.34%, and 25.66% for 2024, 2025, and 2026, respectively, with net profits expected to turn positive by 2025 [4][49]. - The company is positioned to benefit from the increasing demand for high-performance chips and the ongoing trend of domestic substitution in the semiconductor market [4][3].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4] Core Insights - The company is a leading player in the PCB industry, benefiting from the dual drivers of AI development and domestic substitution of storage chips, with significant growth potential in its IC substrate business [4][49] - The company has a stable shareholding structure and clear division of labor among its subsidiaries, enhancing operational efficiency [1][16] - The revenue growth forecast for the company is projected at 16.32%, 23.34%, and 25.66% for the years 2024 to 2026, respectively [4][49] Summary by Sections Company Overview - The company, Shenzhen Xingsen Quick Circuit Technology Co., Ltd., specializes in the PCB industry and semiconductor testing boards, recognized as a national high-tech enterprise [5][14] - It ranks 29th among the top 40 global PCB suppliers according to Prismark [1][14] Business Segments - The company focuses on two core areas: PCB and semiconductor, with a growing revenue share from IC packaging substrates, which accounted for 15.32% of total revenue by 2023 [1][23] - The PCB business maintains over 75% of total revenue, with a stable gross margin historically [27][29] Market Trends - The rapid growth of the AI chip market and the acceleration of domestic storage chip substitution are expected to drive demand for IC substrates [3][41] - The global AI chip market is projected to grow from $14.4 billion in 2024 to $238.67 billion by 2033, with a compound annual growth rate (CAGR) of 36.6% [3][41] - The storage chip market is also expected to grow significantly, with China's market projected to reach $27.65 billion by 2034, growing at a rate of 12.4% [3][44] Financial Performance - For the first three quarters of 2024, the company reported revenue of 4.351 billion yuan, a year-on-year increase of 9.1%, but a net loss of 32 million yuan, a decrease of 116.59% year-on-year [2][29] - R&D expenses have been increasing, reaching 492 million yuan in 2023, up 28.46% year-on-year, primarily to support the IC packaging substrate project [2][33] Future Outlook - The company is expected to achieve a turnaround in profitability by 2025, with projected net profits of 141 million yuan and 401 million yuan in 2026 [4][49] - The IC substrate business is anticipated to make significant breakthroughs, supported by ongoing investments and market demand [4][49]

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [4]. Core Insights - The company is a leading player in the PCB industry, benefiting from the dual drivers of AI development and domestic substitution in the storage chip market [4][49]. - The company's revenue growth is projected to be 16.32%, 23.34%, and 25.66% for the years 2024, 2025, and 2026 respectively, with net profits expected to improve significantly after a loss in 2024 [4][49]. Summary by Sections Company Overview - The company, Shenzhen Xingsen Quick Circuit Technology Co., Ltd., specializes in the PCB industry and semiconductor testing boards, recognized as a national high-tech enterprise [5][14]. - It ranks 29th among the top 40 global PCB suppliers according to Prismark [14]. Business Segments - The company focuses on two core areas: PCB and semiconductor, with a growing revenue share from IC packaging substrates, which accounted for 15.32% of total revenue by 2023 [23][4]. - The PCB business maintains over 75% of total revenue, while the IC packaging substrate segment is expected to achieve breakthroughs due to increased investment [2][4]. Market Trends - The rapid growth of the AI chip market and the acceleration of domestic storage chip substitution are anticipated to drive demand for IC substrates [3][41]. - The global AI chip market is projected to grow from $14.4 billion in 2024 to $238.67 billion by 2033, with a compound annual growth rate (CAGR) of 36.6% [3][41]. Financial Performance - For the first three quarters of 2024, the company reported revenue of 4.351 billion yuan, a year-on-year increase of 9.1%, but a net loss of 32 million yuan, a decrease of 116.59% compared to the previous year [2][29]. - R&D expenses have been increasing, reaching 492 million yuan in 2023, up 28.46% year-on-year, primarily to support the IC packaging substrate projects [2][33]. Future Outlook - The company is expected to see significant revenue growth driven by the AI sector and domestic market demands, with a forecasted recovery in net profits starting in 2025 [4][49]. - The investment in R&D and the expansion of production capacity are crucial for the company's future success in the competitive PCB and semiconductor markets [33][41].

证券代码：002436 证券简称： 兴森科技 公告编号：2025-03-009 深圳市兴森快捷电路科技股份有限公司 关于使用闲置自有资金购买理财产品的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 深圳市兴森快捷电路科技股份有限公司（以下简称"公司"）于 2025 年 3 月 14 日召开 的第七届董事会第六次会议审议通过了《关于使用闲置自有资金购买理财产品的议案》，同 意公司及子公司使用不超过人民币 55,000 万元的闲置自有资金购买理财产品，具体情况如 下： 一、使用闲置自有资金购买理财产品情况 1、投资目的 不超过人民币 55,000 万元购买理财产品，上述额度在有效期内可循环使用，期限内任 一时点的交易金额（含前述投资的收益进行再投资的相关金额）不应超过投资额度。 3、投资品种 安全性高、流动性好的低风险、短期（一般不超过一年）的投资产品，不涉及高风险 投资。 4、资金来源 闲置自有资金。 5、额度有效期 在保证公司及子公司正常经营和资金安全的情况下，提高闲置自有资金使用效率，合理 利用闲置自有资金，获取投资收益。 2、投资额度 自本次董事会审 ...

证券代码：002436 证券简称： 兴森科技 公告编号：2025-03-007 深圳市兴森快捷电路科技股份有限公司 关于预计担保额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 深圳市兴森快捷电路科技股份有限公司（以下简称"公司"）于 2025 年 3 月 14 日召开的第七届董事会第六次会议，审议通过了《关于预计担保额度的议案》， 现将有关事项公告如下： 一、预计担保额度事项 （一）公司为子公司提供担保额度事项 为支持子公司融资需要，同意公司为子公司向提供担保，本次新增担保额度合 计不超过人民币51.00亿元（或等值外币），具体担保对象及预计额度如下： | | | | | 被担保方最近 | 截 至 目 | 本次新增 | 担保额度占 | 是否 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 序 | 担保方 | 被担保方 | 担保方持 | 一期资产负债 | 前 担 保 | 担保额度 | 公司最近一 | 关联 | | 号 | | | 股比例 | 率 | 余额(亿 | （亿元） | 期 ...