重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：600550 证券简称：保变电气 公告编号：临 2025-064 保定天威保变电气股份有限公司 2025年第五次临时股东会决议公告 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。 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持 有股份情况： | 1、出席会议的股东和代理人人数 | 1,328 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,036,081,635 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份 | 56.26 | | 总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会 议主持情况等 本次股东会由董事长刘淑娟主持，会议的召集、召开、表决方式 符合《公司法》和《公司章程》的有关规定。 (五) 公司董事和董事会秘书的列席情况 1、 公司在任董事9人，列席9人。 2、 董事长刘淑娟代行董事会秘书职责，参加了本次会议。公 司部分高管人员 ...

Group 1 - The core point of the news is that Baobian Electric has seen a stock price increase of 13.72% over the past four days, with a current price of 11.19 yuan per share and a market capitalization of 20.607 billion yuan [1] - Baobian Electric, established on September 28, 1999, and listed on February 28, 2001, specializes in manufacturing and selling power transmission and transformation equipment, including transformers, current transformers, and reactors [1] - The company's main business revenue composition is as follows: 99.30% from power transmission and transformation products, 0.42% from material sales, and 0.28% from other sources [1] Group 2 - Among the top ten circulating shareholders of Baobian Electric, a fund under Southern Fund holds a position, having reduced its holdings by 111,400 shares in the third quarter, now holding 8.4182 million shares, which is 0.46% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) has achieved a year-to-date return of 25.76%, ranking 2009 out of 4197 in its category, and a one-year return of 22.91%, ranking 2194 out of 4157 [2] - The fund manager, Cui Lei, has been in charge for 7 years and 49 days, with a total fund asset size of 122.76 billion yuan and a best return of 195.8% during her tenure [2]

Core Viewpoint - The A-share market experienced slight gains on December 23, with the Shanghai Composite Index rising by 0.07% to 3919.98 points, and a total trading volume of 1.90 trillion yuan, indicating increased market activity [1]. Group 1: Market Performance - The three major A-share indices saw minor increases, with the Shenzhen Component Index up by 0.27% and the ChiNext Index up by 0.41% [1]. - The total trading volume in the Shanghai and Shenzhen markets was 1.90 trillion yuan, an increase of approximately 378.96 billion yuan compared to the previous trading day [1]. - A total of 1479 stocks rose while 3603 stocks fell, indicating a predominance of declining stocks [1]. Group 2: Popular Stocks - The top ten popular stocks included Yingweike, Shenjian Co., Baobian Electric, Pingtan Development, Dongcai Technology, Duofluo, Dongbai Group, Hainan Development, Tianji Co., and Chuangyuan Technology [1][2]. - Yingweike gained attention due to its leadership in liquid cooling server technology, driven by the increasing demand in the AI sector [3]. - Shenjian Co. is recognized for its involvement in military-civilian integration and commercial aerospace, with a significant profit increase of 153.4% year-on-year [3]. - Baobian Electric is highlighted for its strong position in the high-voltage transformer market, with a market share of approximately 30% and significant revenue growth [3]. - Pingtan Development benefits from policy support for cross-strait integration and is seen as a leading stock in this sector [4]. - Dongcai Technology is noted for its involvement in multiple hot sectors, including PCB materials and AI server supply chains [4]. - Duofluo's stock performance is bolstered by rising prices of lithium hexafluorophosphate and advancements in sodium-ion battery technology [4]. - Dongbai Group's retail business aligns well with policies aimed at boosting domestic demand [4]. - Hainan Development is positively impacted by the launch of the Hainan Free Trade Port, benefiting from tax incentives [5]. - Tianji Co. is recognized for its role in the lithium hexafluorophosphate market and the growing demand for new energy [5]. - Chuangyuan Technology is involved in the supply of core components for industrial robots, attracting attention due to its connections with Tesla and aerospace sectors [5].

| 序号 | 交易营业部名称 | | 买入金额(万) | 占总成交比例 | | --- | --- | --- | --- | --- | | 1 | 沪股通专用 | 542次 47.79% 2 | | | | 2 | 国泰海通证券股份有限公司总部 | 527次 43.83% | | | | 3 | 中国中金财富证券有限公司厦门分公司 | 2次 0.00% | | | | 4 | 瑞银证券有限责任公司上海花园石桥路证券营业部 | 382次 45.29% | | | | 5 | 招商证券股份有限公司深圳招商证券大厦证券营业部 | 18次 44.44% | | | | | (买入前5名与卖出前5名)总合计: | | 39478.62 | 18.00% | | 头入金额最大的前5名 | | | | | | | --- | --- | --- | --- | --- | --- | | 序号 | 交易营业部名称 | | | 买入金额(万) | 占总成交比例 | | 1 | 国泰海通证券股份有限公司宜昌沿江大道证券营业部 | 次 0.00% | (7) | 14949.88 | 6.82% | | 2 | 开源证券股份 ...

保变电气(600550)今日涨停，全天换手率11.30%，成交额21.93亿元，振幅11.92%。龙虎榜数据显示， 沪股通净卖出1063.63万元，营业部席位合计净买入2.61亿元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.98%上榜，沪股通净卖出1063.63万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交5.40亿元，其中，买入成交额为3.95亿 元，卖出成交额为1.45亿元，合计净买入2.50亿元。 具体来看，今日上榜的营业部中，沪股通为第四大买入营业部及第一大卖出营业部，买入金额为 4236.39万元，卖出金额为5300.02万元，合计净卖出1063.63万元。 资金流向方面，今日该股主力资金净流入4.42亿元，其中，特大单净流入4.06亿元，大单资金净流入 3552.17万元。近5日主力资金净流入4.12亿元。 融资融券数据显示，该股最新（12月22日）两融余额为6.83亿元，其中，融资余额为6.81亿元，融券余 额为268.37万元。近5日融资余额合计减少695.28万元，降幅为1.01%。融券余额合计减少33.28万元，降 幅11.03%。 10月28日公司发布的三季报数 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002471 | 中醫學股 | 4.99 | -8.94% | 290.70万 | 14.73亿 | | 301002 | 崧盛股份 | 32.24 | -5.84% | 7.88万 | 2.57亿 | | 001208 | 化责线缆 | 19.84 | -5.66% | 149.51万 | 32.02亿 | | 300427 | 红相股份 | 12.19 | -5.65% | 131.62万 | 16.71亿 | | 300423 | 昇辉科技 | 8.52 | -5.44% | 43.75万 | 3.77亿 | | 300265 | 通光线缆 | 12.96 | -4.71% | 119.26万 | 16.29亿 | | 002309 | 中利隻团 | 3.45 | -4.17% | 79.36万 | 2.75亿 | | 920556 | 雅达股份 | 10.31 | -3.91% | 2.98万 | 3120.40万 | | 600192 | ...

12月23日，保变电气盘中上涨2.07%，截至10:34，报10.36元/股，成交4.81亿元，换手率2.57%，总市值 190.78亿元。 资金流向方面，主力资金净流出640.04万元，特大单买入629.13万元，占比1.31%，卖出1596.76万元， 占比3.32%；大单买入5745.93万元，占比11.95%，卖出5418.34万元，占比11.27%。 保变电气今年以来股价涨31.97%，近5个交易日涨2.98%，近20日涨7.02%，近60日涨26.65%。 机构持仓方面，截止2025年9月30日，保变电气十大流通股东中，南方中证1000ETF（512100）位居第 六大流通股东，持股841.82万股，相比上期减少11.14万股。香港中央结算有限公司位居第七大流通股 东，持股841.25万股，相比上期增加182.53万股。华夏中证1000ETF（159845）退出十大流通股东之 列。 今年以来保变电气已经4次登上龙虎榜，最近一次登上龙虎榜为11月13日，当日龙虎榜净买入-6705.67 万元；买入总计3.09亿元 ，占总成交额比8.52%；卖出总计3.76亿元 ，占总成交额比10.37%。 责任编辑 ...

Core Viewpoint - The market size of China's switch wire industry is projected to grow from 4.2 billion yuan in 2022 to 8.2 billion yuan in 2024, driven by strong demand from power infrastructure construction, the renovation of old power grids, and the rapid expansion of new energy industries under the "dual carbon" goals [1][8]. Industry Overview - Switch wire is composed of multiple enameled copper flat wires arranged in a specific manner, offering advantages such as reduced loss, improved heat dissipation, enhanced mechanical strength, space savings, and simplified processes, making it widely used in large power transformers [3][4]. Market Growth Factors - The growth in the switch wire market is supported by: - Strong demand from power infrastructure projects and the ongoing renovation of aging power grids [1][8]. - Rapid expansion of new energy sectors like wind and solar power, which serve as a new engine for market growth [1][8]. - Upgrades in traditional industries and rail transportation, providing additional growth momentum [1][8]. Industry Chain - The switch wire industry chain includes: - Upstream materials such as copper, insulation varnish, insulation paper, wrapping materials, and cooling liquids, with copper being the primary raw material affecting conductivity and mechanical strength [6]. - Midstream production of switch wires [6]. - Downstream applications in power transmission and transformation, rail transportation, and new energy sectors [6]. Competitive Landscape - Leading companies like Hongyuan Co. and Jinbei Electric occupy core markets due to their technological and production advantages, while smaller firms focus on lower-end markets [9]. - Notable companies in the industry include Hongyuan Co., Jinbei Electric, and others, which have established strong positions in high-end markets [9][10]. Industry Development Trends 1. **Shift Towards Intelligent and Green Production** - The industry is moving towards automation and digital control systems, enhancing production quality and efficiency while minimizing waste and energy consumption [11]. 2. **Upgrade to High-Performance Products** - As the demand for switch wires increases, especially in high-temperature resistance and insulation reliability, companies are expected to invest more in R&D to enhance product performance [12]. 3. **Sustained Market Demand Growth** - The market demand for switch wires is anticipated to continue rising due to supportive national policies and technological advancements that expand application scenarios [13].

（文章来源：证券日报） 证券日报网讯 12月18日晚间，保变电气发布公告称，公司2025年第四次临时股东会审议通过《关于改 聘中兴华会计师事务所并确定其2025年审计费用的议案》。 ...

（编辑 任世碧） 证券日报网讯 12月18日晚间，保变电气发布公告称，公司分别于2025年10月24日和11月13日，召开第 八届董事会第三十九次会议和2025年第三次临时股东大会，审议通过了《关于修订的议案》，其中涉及 公司经营范围调整。近日，公司按照市场监督管理部门要求对经营范围进行了规范化表述，完成了相关 工商变更登记手续及《公司章程》的备案，取得了保定市行政审批局换发的营业执照。 ...