证券代码：600577 证券简称：精达股份 公告编号：2024-079 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（以下简称"公司"）于 2024 年 12 月 3 日收到 公司股东特华投资控股有限公司（以下简称"特华投资"）的通知，特华投资将其持有 的部分公司股份转让给乔晓辉的过户登记手续已办理完毕，并取得了中国证券登记结 算有限责任公司出具的《过户登记确认书》。 一、股份协议转让基本情况 1、2024 年 12 月 2 日，特华投资与乔晓辉完成了标的股份的过户手续，并于 2024 年 12 月 3 日取得了中国证券登记结算有限责任公司出具的《过户登记确认书》。 特华投资于 2024 年 10 月 8 日与乔晓辉签署了《关于铜陵精达特种电磁线股份有 限公司之股份转让协议》，特华投资拟将所持有的本公司股份 17,000 万股以协议转让 的方式转让给乔晓辉，具体内容详见公司于 2024 年 10 月 10 日在上海证券交易所网站 （www.sse.com.cn）披露的有关公告。 2、本次股份协议转让过户前后，特华投资及其一致行动人和乔晓辉持有公司股份 情况如下： | 股东名称/姓 ...

Summary of Conference Call Company and Industry Overview - The conference call primarily discusses the performance and outlook of the company, JinDa, within its industry, focusing on operational metrics and market trends [1][2]. Key Points and Arguments - **Operational Performance**: JinDa reported a strong operational performance in Q4, with November shipment volumes exceeding 10,000 tons for its main product line, indicating a robust demand similar to Q2 levels [1]. - **Market Trends**: The company anticipates a significant increase in shipments in Q1, particularly in the mid-range market segment, following a slowdown in shipment progress observed in previous months [2]. - **Quarterly Shipment Data**: In Q3, the company shipped 500 tons, with November showing a substantial month-on-month increase, projecting total annual shipments between 1,700 to 1,800 tons [3]. - **Customer Demand**: Major clients, such as Amphenol, are expected to have a monthly demand exceeding 100 tons, with other clients like Volvo also indicating stable demand around 50 tons per month [4][5]. - **Pricing Strategy**: The company is focusing on maintaining stable pricing for long-term contracts, especially with new or smaller clients, while also noting that higher-end products are becoming more prevalent in their offerings [6][8]. - **Military Sector Performance**: The military sector has been underperforming, with expectations for a more stable procurement process moving forward, although recovery is slower than anticipated [7]. - **Future Outlook**: The company is optimistic about future growth, with projections indicating a positive trend in demand and profitability for the upcoming year, supported by strategic partnerships and customer orders [14]. Additional Important Information - **Stock Market Update**: The company is preparing for a public listing on the Shanghai Star Market, with guidance materials submitted to regulatory authorities, expected to be finalized next year [9]. - **Production Capacity**: The company is positioned to become a global leader in its production capacity, with significant demand driven by advancements in nuclear fusion technology [10][11]. - **Client Base**: The company has a diverse client base, including major players in the technology and research sectors, which supports its market position [12]. - **Future Projects**: There are ongoing projects and collaborations in the pipeline, particularly in the superconducting industry, which are expected to yield substantial growth in the coming years [13]. This summary encapsulates the key insights from the conference call, highlighting the company's operational performance, market trends, and future outlook while also addressing potential risks and opportunities within the industry.

Investment Rating - The report initiates coverage on Jingda Co Ltd (600577 SH) with a "Buy" rating [4] Core Views - Jingda Co Ltd is a leading player in the electromagnetic wire industry with a 12% market share in 2022 and a production capacity of over 300 000 tons [2] - The company is well-positioned to benefit from the AI-driven copper connection market particularly through its subsidiary Hengfeng Special Conductor which specializes in silver-plated copper [4] - The AI server market is expected to see significant growth with copper connections becoming a key trend due to their cost and energy efficiency advantages [3] Company Overview - Jingda Co Ltd founded in 1990 has over 30 years of experience in the electromagnetic wire industry and has participated in drafting industry standards [2] - The company's main business is enameled wire which accounted for 71% of its revenue in 2023 [2] - Jingda has two key subsidiaries Hengfeng Special Conductor and Shanghai Superconductor which focus on special conductors and high-temperature superconductors respectively [21] AI Server and Copper Connection Market - NVIDIA's GB200 AI chip and NVL72/NVL36 cabinets introduced in March 2024 have redefined internal cabinet connections using copper cables which are cost-effective and energy-efficient [3] - The copper connection market is expected to accelerate in 2025 with major players like Google Amazon and Huawei rapidly deploying AI servers [3] - Silver-plated copper is a critical component in the AI copper connection supply chain with high technical and certification barriers [4] Financial Performance - In the first three quarters of 2024 Jingda reported revenue of 16 09 billion yuan and net profit of 420 million yuan representing year-on-year growth of 22 4% and 33 8% respectively [2] - The company's revenue is expected to grow from 21 003 billion yuan in 2024 to 25 842 billion yuan in 2026 with net profit projected to increase from 551 million yuan to 965 million yuan over the same period [4] Industry Trends - The global AI server market is projected to grow from 31 billion USD in 2023 to 430 billion USD by 2033 with a CAGR of 30 3% [39] - Copper connections are becoming increasingly important in AI servers due to their low cost low power consumption and low latency advantages [3] - The demand for high-speed data transmission is driving the adoption of 800G and 1 6T solutions in AI servers [39] Competitive Advantage - Hengfeng Special Conductor a subsidiary of Jingda is a leader in the silver-plated copper market with a strong customer base including major players like Amphenol Tyco Electronics and Luxshare Precision [4] - The company has broken through the bottleneck of ultra-fine high-speed transmission copper wire and has received the National Science and Technology Progress Award [116] Future Outlook - Jingda is expected to benefit from the growth in the AI server market particularly through its silver-plated copper products which are essential for high-speed data transmission [4] - The company's traditional enameled wire business is also expected to grow driven by the increasing demand for new energy vehicles [117]

重要提示： | 证券代码：600577 | 证券简称：精达股份 | 公告编号：2024-077 | | --- | --- | --- | | 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 关于不提前赎回"精达转债"的提示性公告 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。 ●公司股票自 2024 年 11 月 7 日至 2024 年 11 月 27 日已触发"精达转债" 的赎回条款。公司董事会决定本次不行使"精达转债"的提前赎回权利，不提前 赎回"精达转债"，且在未来六个月内（即 2024 年 11 月 28 日至 2025 年 5 月 27 日），若"精达转债"触发赎回条款，公司均不行使提前赎回权利。 以 2025 年 5 月 28 日为首个交易日重新计算，若"精达转债"再次触发赎回 条款，董事会将再次召开会议决定是否行使"精达转债"的提前赎回权利。 一、"精达转债"发行上市概况 经中国证券监督管理委员会出具证监许可[2020]1397 号《关于核准铜陵精 达特种电磁线股份有 ...

铜陵精达特种电磁线股份有限公司 舆情管理制度 第一章 总则 第一条 为提高铜陵精达特种电磁线股份有限公司（以下简称"公司"）应对各类 舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股价、公 司商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权益，根据《上海证 券交易所股票上市规则》等法律、法规、规范性文件和《公司章程》的相关规定，结合 公司实际情况，制订本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）协调和组织各类舆情处理过程中对外宣传报道工作； （四）负责做好向安徽省证监局的信息上报工作及向上海证券交易所的信息沟通工 作； （五）各类舆情处理过程中的其他事项。 （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较大影响 的事件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情实行统一领导、统一组织、快速反应、协同应对。 第四条 公司成立舆情处理工作领导小组（以下简 ...

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：2024-078 铜陵精达特种电磁线股份有限公司 关于为全资子公司提供担保的进展公告 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。 重要内容提示： ●被担保人名称：铜陵精达漆包线有限公司(以下简称"铜陵精达")、 广东 精达漆包线有限公司（以下简称"广东精达"）、铜陵精迅特种漆包线有限责任公 司（以下简称"铜陵精迅"）、天津精达漆包线有限公司（以下简称"天津精达"）、 广东精迅特种线材有限公司（以下简称"广东精迅"）、铜陵顶科线材有限公司（以 下简称"铜陵顶科"）。 ●担保金额：截至 2024年 11 月 26 日，公司累计对外担保额度为人民币 353,675 万元，占公司最近一期净资产（经审计）538,369 万元的 65.69%，公司没有逾期的 对外担保。 ●本次担保是否有反担保：无 ●无逾期对外担保情况 一、担保情况概述 为满足业务发展及日常经营资金实际需求，有效提高融资效率，优化担保手续 办理流程，在经公司第八届董事 ...

债券代码：110074 债券简称：精达转债 4、本次会议的召开符合《中华人民共和国公司法》和《公司章程》的有关 规定。 二、董事会会议审议情况 1、审议通过了公司《关于不提前赎回"精达转债"的议案》； 同意 8 票，反对 0 票，弃权 0 票，审议通过。 证券代码：600577 证券简称：精达股份 公告编号：2024-076 铜陵精达特种电磁线股份有限公司 第八届董事会第三十一次会议决议 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。 一、董事会会议召开情况 1、铜陵精达特种电磁线股份有限公司第八届董事会第三十一次会议于 2024 年 11 月 27 日以现场结合通讯表决方式召开。 2、本次会议通知于 2024 年 11 月 21 日以电子邮件发出，并以电话方式确 认。 3、本次会议应参加会议董事 8 人，实际参会董事 8 人。 1、公司第八届董事会第三十一次会议决议。 特此公告。 铜陵精达特种电磁线股份有限公司董事会 1/2 2024 年 11 月 28 日 具体内容详见公司于 2024 年 11 月 28 日刊登于上海 ...

| 证券代码：600577 | 证券简称：精达股份 | 公告编号：2024-075 | | --- | --- | --- | | 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"精达转债"可能满足赎回条件的提示性公告 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。 重要提示： ●自 2024 年 11 月 7 日至 2024 年 11 月 20 日，公司股票价格在连续的十个 交易日中已有十个交易日高于当期转股价的 130%。未来二十个交易日内，公司 股票有五个交易日的收盘价格不低于"精达转债"转股价格（3.40 元/股）的 130% （4.42 元/股）,将触发公司《铜陵精达特种电磁线股份有限公司公开发行可转 换公司债券募集说明书》(以下简称"《可转债募集说明书》"）中"有条件赎 回条款"。届时公司将有权按照债券面值加当期应计利息的价格赎回全部或部分 未转股的 "精达转债"。 一、"精达转债"发行上市概况 经中国证券监督管理委员会出具证监许可[2020]1397 号《关于核准 ...

证券代码：600577 证券简称：精达股份 公告编号：2024-073 铜陵精达特种电磁线股份有限公司 关于为全资子公司提供担保的进展公告 债券代码：110074 债券简称：精达转债 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。 重要内容提示： ●被担保人名称：铜陵精达漆包线有限公司(以下简称"铜陵精达")、 广东 精达漆包线有限公司（以下简称"广东精达"）、铜陵精迅特种漆包线有限责任公 司（以下简称"铜陵精迅"）、天津精达漆包线有限公司（以下简称"天津精达"）、 广东精迅特种线材有限公司（以下简称"广东精迅"）。 ●担保金额：截至 2024年 10 月 28 日，公司累计对外担保额度为人民币 349,126 万元，占公司最近一期净资产（经审计）538,369 万元的 64.85%，公司没有逾期的 对外担保。 ●本次担保是否有反担保：无 ●无逾期对外担保情况 一、担保情况概述 为满足业务发展及日常经营资金实际需求，有效提高融资效率，优化担保手续 办理流程，在经公司第八届董事会第二十二次、2024年第一次临时股东大会批准担 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥5,712,221,139.49, representing a year-on-year increase of 27.19%[2] - Net profit attributable to shareholders for the same period was ¥126,930,258.68, up 24.10% year-on-year[2] - The net profit excluding non-recurring gains and losses was ¥114,215,452.52, reflecting a 17.96% increase compared to the previous year[2] - Basic earnings per share for Q3 2024 were ¥0.06, a 20.00% increase year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached ¥16,086,525,854.69, a 22.3% increase from ¥13,144,403,101.23 in the same period of 2023[13] - Operating profit increased to ¥522,703,444.67, up 33% from ¥393,734,700.38 year-over-year[13] - Net profit for the first three quarters of 2024 was ¥427,108,593.24, representing a 33.5% increase compared to ¥320,023,250.14 in 2023[14] - Basic earnings per share rose to ¥0.20, up from ¥0.15 in the previous year, indicating improved profitability[14] - The total comprehensive income for the first three quarters was ¥423,014,296.39, compared to ¥337,345,931.40 in the previous year, showing overall growth[14] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥12,840,904,294.50, an increase of 13.51% from the end of the previous year[3] - Total assets increased to CNY 12.84 billion, up from CNY 11.31 billion, representing a growth of approximately 13.5% year-over-year[11] - Current assets totaled CNY 10.03 billion, an increase of 17.8% from CNY 8.51 billion in the previous period[10] - Total liabilities reached CNY 7.29 billion, up 23.0% from CNY 5.93 billion[12] - Shareholders' equity rose to CNY 5.55 billion, an increase of 3.1% from CNY 5.38 billion[12] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥691,764,156.00, a decline of 254.77% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of ¥691,764,156.00, contrasting with a net inflow of ¥446,969,442.77 in the same period last year[15] - Net cash flow from investing activities was -$193.97 million, slightly improved from -$195.30 million year-over-year[16] - Cash inflow from financing activities totaled $3.99 billion, an increase from $3.29 billion in the previous year[16] - Net cash flow from financing activities was $1.02 billion, a significant recovery from a negative $270.61 million last year[16] - Cash and cash equivalents at the end of the period amounted to $1.16 billion, compared to $1.24 billion at the end of the previous year[16] - The company experienced a net increase in cash and cash equivalents of $127.71 million, contrasting with a mere $2.75 million increase last year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,670[7] - The largest shareholder, Tehua Investment Holdings Co., Ltd., held 250,258,383 shares, accounting for 11.87% of the total shares[7] Operational Insights - The company reported government subsidies of ¥13,996,814.08 for the current period, contributing positively to the financial results[4] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[10] - Future outlook includes potential market expansion and new product development strategies, although detailed projections were not provided in the content[10] - Research and development expenses increased to ¥81,026,869.11, compared to ¥76,151,184.39 in the previous year, reflecting a commitment to innovation[13] - Total operating costs for the first three quarters were ¥15,553,979,500.25, a 22.5% increase from ¥12,745,275,552.70 in 2023[13] - Other income rose significantly to ¥31,571,931.44 from ¥7,169,695.21, indicating enhanced revenue streams[13] - The company reported a decrease in financial expenses to ¥111,055,214.71 from ¥96,767,949.26, suggesting improved cost management[13] Cash and Inventory Management - Cash and cash equivalents decreased to CNY 1.64 billion from CNY 1.86 billion, a decline of 11.6%[10] - Accounts receivable rose to CNY 3.93 billion, up 26.4% from CNY 3.11 billion[10] - Inventory increased to CNY 2.01 billion, reflecting a growth of 25.5% compared to CNY 1.60 billion[10] - Short-term borrowings surged to CNY 3.79 billion, a significant increase of 55.1% from CNY 2.44 billion[11]