| 证券代码：600577 | 证券简称：精达股份 | 公告编号：2025-065 | | --- | --- | --- | | 债券代码：110074 | 债券简称：精达转债 | | 铜陵精达特种电磁线股份有限公司 李光荣先生及其一致行动人特华投资控股有限公司（以下简称"特华投资"）、 广州市特华投资管理有限公司（以下简称"广州特华"）合计持有公司股份 199,333,390 股，占公司总股本 9.27%。 减持计划的主要内容 李光荣先生因个人资金需求，拟通过集中竞价和大宗交易方式减持公司股份 不超过 64,300,000 股，即不超过公司总股本的 3%。其中，拟通过集中竞价方式 减持不超过公司总股本的 1%，拟通过大宗交易方式减持的股份不超过公司总股 本的 2%，减持期限为本公告发布之日起 15 个交易日后的 3 个月内（窗口期不减 持）。 实际控制人减持股份计划公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 大股东及董监高持股的基本情况 截至本减持计划披露日，铜陵精达特种电磁线股份有限公 ...

Core Viewpoint - The actual controller of Jingda Co., Ltd. (600577), Li Guangrong, plans to reduce his shareholding in the company by up to 64.3 million shares, which represents no more than 3% of the company's total share capital [1] Summary by Category - **Shareholding Reduction** - Li Guangrong intends to reduce his stake through centralized bidding and block trading methods [1] - The maximum number of shares to be sold is 64.3 million [1] - This reduction will not exceed 3% of the total share capital of the company [1]

公司近日获悉持股 5%以上股东乔晓辉女士所持有本公司的部分股份办理解除 质押手续，具体事项如下： | 股东名称 | 乔晓辉 | | --- | --- | | 本次解质股份（股） | 43,240,000 | | 占其所持股份比例（%） | 25.44 | | 占公司总股本比例（%） | 2.01 | | 解质时间 | 2025 年 10 月 9 日 | | 持股数量（股） | 170,000,000 | | 持股比例（%） | 7.91 | | 剩余被质押股份数量（股） | 70,760,000 | | 剩余被质押股份数量占其所持股份比例（%） | 41.62 | | 剩余被质押股份数量占公司总股本比例（%） | 3.29 | 截至本公告披露日，乔晓辉女士本次解除质押的股份尚无用于后续质押的计 划。如有变动，乔晓辉女士将根据后续质押情况及时履行告知义务，公司将按照相 关法律法规要求及时履行信息披露义务。 特此公告。 证券代码：600577 证券简称：精达股份 公告编号：2025-064 债券代码：110074 债券简称：精达转债 铜陵精达特种电磁线股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 ...

Core Viewpoint - The announcement reveals that Qiao Xiaohui, a shareholder holding more than 5% of the company, has released a portion of her pledged shares, indicating a potential shift in her investment strategy [1] Group 1: Shareholder Information - Qiao Xiaohui holds 170 million unrestricted circulating shares, accounting for 7.91% of the company's total share capital [1] - After the release of pledged shares, Qiao Xiaohui has a total of 70.76 million shares pledged, which represents 41.62% of her total holdings and 3.29% of the company's total share capital [1] Group 2: Pledged Shares Details - The released shares amount to 43.24 million, which is 25.44% of her total holdings and 2.01% of the company's total share capital [1] - The release of these pledged shares is scheduled for October 9, 2025, and there are currently no plans for subsequent pledging of these shares [1]

Market Performance - The grid equipment sector increased by 2.98% compared to the previous trading day, with Jiusheng Electric leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Individual Stock Performance - Jiusheng Electric (301082) closed at 20.36, with a rise of 13.55% and a trading volume of 413,300 shares [1] - Jinbei Electric (002533) rose by 10.04% to close at 12.93, with a trading volume of 383,200 shares [1] - Tebian Electric (600089) increased by 10.00% to 19.58, with a trading volume of 2,297,100 shares and a transaction value of 4.45 billion [1] - Other notable performers include Far East Holdings (600869) up 8.30% and Jingda Co. (600577) up 8.08% [1] Capital Flow Analysis - The grid equipment sector saw a net inflow of 1.277 billion in main funds, while retail funds experienced a net outflow of 634 million [2] - The main funds showed significant inflows in stocks like Tebian Electric and Jinbei Electric, while retail investors withdrew from these stocks [3] Summary of Stock Flows - Tebian Electric had a main fund net inflow of 668 million, representing 15.01% of its trading volume, while retail funds saw a net outflow of 274 million [3] - Jinbei Electric experienced a main fund net inflow of 108 million, accounting for 22.48% of its trading volume, with retail funds withdrawing 45.5 million [3] - Other stocks like Jingda Co. and China West Electric also showed similar trends with varying degrees of fund inflows and outflows [3]

重要内容提示: 债券代码：110074 债券简称：精达转债 证券代码：600577 证券简称：精达股份 公告编号：2025-063 铜陵精达特种电磁线股份有限公司 可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公司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。 累计转股情况：精达转债自 2021 年 2 月 25 日至 2025 年 9 月 30 日期间， 转股的金额为人民币 516,914,000 元，因转股形成的股份数量 144,444,110 股， 占可转债转股前公司已发行股份总额的 7.52%。 本季度转股情况：自 2025 年 7 月 1 日至 2025 年 9 月 30 日，共计转股金 额为人民币 17,000 元，占可转债发行总量的 0.0022%；因转股形成的股份数量 为 5,070 股，占可转债转股前公司已发行股份总额的 0.0003%。 未转股可转债情况：截止至 2025 年 9 月 30 日，尚未转股的精达转债金 额为人民币 270,086,000 元，占公司可转债发行总额的 34.32%。 一、精达转债发行上市概况 （ ...

Core Viewpoint - The superconducting sector continues to strengthen, with several companies experiencing significant stock price increases, indicating growing investor interest and potential market opportunities [1] Company Summaries - Western Superconducting Technologies, Yongding Co., and Jinbei Electric all reached their daily price limit, reflecting strong market performance [1] - Other companies such as Jingda Co., Baili Electric, Lianchuang Optoelectronics, Dongfang Tantalum, Baoshen Co., and Zhongtian Technology also saw their stock prices rise, indicating a broader trend in the superconducting industry [1]

Market Overview - The grid equipment sector increased by 1.01% compared to the previous trading day, with HeShun Electric leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Top Performers - HeShun Electric (300141) closed at 10.90, up 10.32% with a trading volume of 357,000 shares and a transaction value of 385 million [1] - Far East Holdings (600869) closed at 8.37, up 7.58% with a trading volume of 1.34 million shares and a transaction value of 1.1 billion [1] - Kelin Electric (603050) closed at 19.08, up 7.55% with a trading volume of 312,500 shares and a transaction value of 603 million [1] - Other notable gainers include Kelu Electronics (002121), Shenghui Technology (300423), and Southern Power Technology (688248) with respective increases of 7.13%, 7.01%, and 6.62% [1] Underperformers - ST Changyuan (600525) closed at 3.44, down 4.71% with a trading volume of 513,400 shares [2] - C Haocreat (301668) closed at 58.78, down 3.73% with a trading volume of 143,600 shares [2] - Baoli Electric (600468) closed at 6.73, down 3.03% with a trading volume of 719,100 shares [2] Capital Flow - The grid equipment sector saw a net inflow of 882 million from main funds, while retail funds experienced a net outflow of 116 million [2][3] - Notable net inflows from main funds include TBEA (600089) with 377 million and Kelu Electronics (002121) with 212 million [3] - Conversely, significant net outflows from retail funds were observed in TBEA (-205 million) and Kelu Electronics (-138 million) [3]

Core Insights - The demand for copper cable high-speed connectors is surging due to the rapid growth of AI infrastructure, driven by significant investments and policy support in data centers [1][9] Industry Overview - The market for copper cable high-speed connectors is experiencing explosive growth as AI infrastructure expands, with Alibaba announcing a massive investment of 380 billion yuan to enhance AI infrastructure [1] - The global energy consumption of data centers is projected to increase tenfold by 2032, indicating a substantial rise in demand for efficient connectivity solutions [1] Key Companies - **Jingda Co., Ltd.**: Dominates the global market with a 35% share through its silver-plated copper wire, serving as the exclusive supplier for Microsoft's Azure data center. The company has developed superconducting copper composite materials that improve conductivity by 40% compared to traditional products [4] - **Xinya Electronics**: Known for its proprietary copper cable design that reduces dielectric loss by over 30%, outperforming industry standards by 33%. This product is specifically designed for NVIDIA's GB series servers [4] - **Zhaolong Interconnect**: The only domestic supplier of 800G copper cables certified by NVIDIA, also receiving certifications from Google and Meta. The company specializes in customized high-speed direct-connect copper systems [5] - **Luxshare Precision**: Breaks foreign monopolies with its Optamax™ technology, achieving minimal impedance variation in its 224G copper cables, and capturing 60% of the market share in AI server connectivity [7] - **Changxin Bochuang**: The only domestic developer of 800G AEC (active electrical cables) with the highest market share, securing significant orders from Meta and Huawei [8] - **Shufflebox**: An indirect supplier to NVIDIA, providing the Shufflebox data center optical module switch, valued at approximately $2,500 per unit, and establishing a technological moat through patents [9] Market Dynamics - The combination of technological barriers, customer loyalty, and favorable policies positions these leading companies to capture a significant share of the trillion-yuan AI infrastructure market [9]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "精达转债," due to a cash dividend distribution, reducing the conversion price from 3.35 CNY to 3.32 CNY per share, effective from October 13, 2025 [2][4][5]. Group 1: Conversion Price Adjustment - The previous conversion price of "精达转债" was 3.35 CNY per share [2]. - The adjusted conversion price is 3.32 CNY per share [4]. - The adjustment is based on the company's decision to distribute a cash dividend of 0.3 CNY per 10 shares, which was approved at the shareholder meeting on September 16, 2025 [2][5]. Group 2: Dividend Distribution - The total cash dividend distribution amounts to approximately 64.48 million CNY, based on a total share capital of 2,149,182,634 shares [10]. - The cash dividend per share is set at 0.03 CNY [7][10]. - The dividend distribution will be executed on the basis of the company's total share capital as of the record date [8]. Group 3: Suspension and Resumption of Conversion - The conversion of "精达转债" will be suspended from September 26, 2025, to October 10, 2025, and will resume on October 13, 2025 [5][4].