登录新浪财经APP 搜索【信披】查看更多考评等级 5、保证范围：主合同项下债务本金、利息、复利、罚息、违约金、损害赔偿金以及诉讼（仲裁）费、 律师费、差旅费等债权人实现债权的一切费用和所有其他应付费用。 四、担保的必要性和合理性 本次公司控股子公司正泰安能为其参股公司浙江福来泰下属项目公司提供担保是为满足公司光伏项目建 设及业务发展的需要，有助于在光伏业务领域的战略发展。正泰安能与浙江福来泰其他股东按各自持股 比例同比例提供担保，担保行为公平对等，公司在本次担保期内有能力对浙江福来泰下属项目公司的经 营管理风险进行控制，并能分享其经营成果，担保风险整体可控，符合公司和全体股东的利益。 五、董事会意见 董事会认为：公司控股子公司正泰安能为参股公司浙江福来泰下属项目公司提供担保，有助于在光伏业 务领域的战略发展，符合公司发展的需要；且正泰安能与浙江福来泰其他股东按各自持股比例同比例提 供担保，担保行为公平对等，本次担保风险可控。董事会同意公司上述担保事项并提请股东会审议。 六、累计对外担保数量及逾期担保的数量 截至本公告披露日，公司及其控股子公司对外担保余额为2,730,078.40万元，占上市公司最近一期经审 ...

Summary of SST Industry and Key Companies Industry Overview - The SST (Solid State Transformer) industry is experiencing a significant boost in confidence due to Nvidia's white paper, which outlines the trends towards high voltage and direct current applications, highlighting the advantages of SST solutions in high voltage direct current applications [1][4] - SST technology utilizes power electronic devices to achieve arbitrary voltage input and output, significantly reducing size compared to traditional transformers while enhancing efficiency and compatibility with renewable energy sources [1][5] Key Points and Arguments - **Market Performance**: The SST sector's recent performance has been influenced by market sentiment and capital flows, particularly the pullback in AI-related stocks. However, the actual industry performance has been better than the capital market suggests, with expectations improving following Nvidia's white paper release in October [2] - **Product Launches**: December is seen as a critical catalyst month, with several manufacturers expected to launch new products by the end of the year or early 2026. For instance, New Special Electric has already achieved small batch shipments of new energy mid-frequency and amorphous alloy products [2][6] - **Technological Advancements**: Companies like Sifang Co. and Ingel have made significant strides in providing complete solutions for data center AC/DC distribution systems, with Sifang actively engaging with Nvidia's core suppliers [3][12] Company-Specific Insights - **Zhejiang Chint Electrics**: Plans to launch a new SIT product for data centers in Q3 of next year, with expectations to enter Nvidia's supply chain through acquisitions. The company is also enhancing its traditional business [1][8] - **Jinpan Technology**: Holds a competitive edge in capacity reserves and has launched the first generation SID product for data centers. The company anticipates launching a third-generation product in overseas markets by mid-next year, with an expected overall output value of 3 billion yuan [1][10] - **Sifang Co.**: Expected to achieve a profit growth rate of around 20% annually, with a projected revenue of approximately 1 billion yuan this year. The company is well-positioned as a core supplier due to its technical capabilities and customer resources [3][11] - **Ingel**: Successfully exporting products in various fields and rapidly establishing new factories in regions like Thailand and Mexico. The company is optimistic about its future growth potential in the data center sector [12] Financial Projections - **Chint Electric**: Expected profits of around 5.8 billion yuan next year, with a focus on expanding its overseas market presence [8] - **Jinpan Technology**: Anticipated traditional business performance between 700 million to 1 billion yuan this year and next [10] - **Sifang Co.**: Projected to achieve around 1 billion yuan in revenue this year, with a compound growth rate of 20% [11] - **Ingel**: Expected to generate revenues between 450 million to 500 million yuan this year, with a reasonable market valuation [12] Conclusion - The SST industry is poised for significant growth, particularly in 2026, as leading domestic manufacturers prepare to launch new products and enter benchmark project testing phases. Companies like Chint Electric, Jinpan Technology, Sifang Co., and Ingel are well-positioned to capitalize on these trends, with strong financial projections and strategic partnerships enhancing their market positions [6][8][10][11][12]

Group 1: BYD Performance - BYD announced a production of 474,200 new energy vehicles (NEVs) and sales of 480,200 NEVs in November 2025 [1] - Cumulative production for the year reached 4,117,600 units, representing a year-on-year increase of 7.29% [1] - Cumulative sales for the year totaled 4,182,000 units, with a year-on-year growth of 11.30% [1] - In November, BYD exported 131,900 NEVs and installed approximately 27.669 GWh of power batteries and energy storage batteries [1] Group 2: Investment Initiatives - Lushin Venture Capital plans to establish a 400 million yuan investment fund focusing on life sciences, advanced manufacturing, and AI [2] - Chint Electric's wholly-owned subsidiary intends to invest up to 201 million yuan in a green private equity investment fund with a total scale of 700 million yuan [8] Group 3: Corporate Actions - Qianwei Central Kitchen will conduct a shareholder reward activity, offering a product package worth 200 yuan to individual shareholders holding 100 shares or more [3] - Huaxia Happiness plans to use trust beneficiary rights to offset financial debts totaling up to 24 billion yuan as part of its debt restructuring plan [4] - Tailong Pharmaceutical's controlling shareholder is planning a share transfer, leading to a temporary suspension of the company's stock [5] - ST Xianhe has applied to revoke other risk warnings, pending approval from the Shenzhen Stock Exchange [6] - *ST Yuancheng's stock will be delisted due to a market value below 500 million yuan for 20 consecutive trading days [7] Group 4: Sales and Contracts - SAIC Group reported sales of 4,108,000 vehicles from January to November 2025, a year-on-year increase of 16.4% [10] - Geely Automobile's total sales in November reached 310,428 units, marking a 24% increase year-on-year [11] - Far East Holdings' subsidiaries secured contracts worth 2.383 billion yuan in November, positively impacting future earnings [18] - Samsung Medical's subsidiary signed a contract for an annual bidding project in Indonesia worth approximately 160 million yuan [19] - Zhongchao Holdings' subsidiaries recently won contracts totaling 1.318 billion yuan [20] - Changhua Group received a project development notice from a domestic automaker, with an expected total sales amount of approximately 732 million yuan [21]

Group 1: SAIC Motor Corporation - In November, SAIC Motor's total vehicle sales reached 460,800 units, a year-on-year decrease of 3.75% [1] - New energy vehicle sales were 209,400 units, showing a year-on-year increase of 19.75% [1] - Cumulative vehicle sales from January to November reached 4,108,100 units, a year-on-year increase of 16.38% [1] - SAIC's subsidiary plans to establish a private equity fund focused on the smart electric vehicle industry with an initial subscription size of 1.09 billion yuan [1] Group 2: Top Group - Top Group is planning to issue H-shares and list on the Hong Kong Stock Exchange [2] - The company is in discussions with relevant intermediaries regarding the specifics of the H-share listing [2] Group 3: Ningbo Fuda - Ningbo Fuda's subsidiary intends to publicly sell 100% equity of its subsidiary, Hekou Yingzhou Cement Company, with an assessed value of 1.5752 million yuan [4] Group 4: Fuguang Co., Ltd. - Fuguang Co., Ltd. plans to sell a 25% stake in its associate company, Xiaotunpai, for 67.2636 million yuan [5] Group 5: Puluo Pharmaceutical - Puluo Pharmaceutical's subsidiary received a drug registration certificate for Amoxicillin and Clavulanate Potassium Tablets, used for various infections [6][7] Group 6: Fosun Pharma - Fosun Pharma's subsidiary received approval to conduct Phase I clinical trials for a dual-specific antibody injection for treating advanced solid tumors [8] Group 7: Far East Group - Far East Group's subsidiaries won contracts totaling 2.383 billion yuan in November [9] Group 8: Samsung Medical - Samsung Medical's subsidiary is expected to win a procurement project from the State Grid worth approximately 124 million yuan [10] Group 9: Changhua Group - Changhua Group received a development notification from a domestic automaker, with an expected total sales amount of approximately 732 million yuan over five years [12] Group 10: Xinbang Intelligent - Xinbang Intelligent's application for issuing shares to acquire Wuxi Yindichip Microelectronics has been accepted by the Shenzhen Stock Exchange [14] Group 11: Jinjing Development - Jinjing Development's subsidiary won a residential and commercial land bid in Tianjin for 474 million yuan [16] Group 12: Guohong Holdings - Guohong Holdings signed an investment framework agreement to develop a strategic emerging industry park in Tanzhou Town [17] Group 13: Hanma Technology - Hanma Technology reported a 149.94% year-on-year increase in truck sales in November, totaling 2,002 units [22] Group 14: Yufeng Group - Yufeng Group decided to terminate its plan to issue A-shares due to the expiration of authorization and market conditions [24] Group 15: Zhenhua Electric - Zhenhua Electric's subsidiary plans to invest up to 201 million yuan in a private equity fund focused on specific industries, including new energy [28] Group 16: Fuao Co., Ltd. - Fuao Co., Ltd. completed the transfer of 40% equity in Fuao Wan'an for 26.222 million yuan [29] Group 17: Baotailong - Baotailong plans to acquire an additional 2.83% stake in its subsidiary, totaling 15 million yuan [31] Group 18: Zhongchao Holdings - Zhongchao Holdings' subsidiaries won projects totaling 1.318 billion yuan [32] Group 19: Annie Co., Ltd. - Annie Co., Ltd. announced a potential change in control, leading to a temporary suspension of its stock [34] Group 20: Ganfeng Lithium - Ganfeng Lithium's subsidiary plans to issue $100 million in exchangeable notes [38]

第十届董事会 2025 年第四次独立董事专门会议审核意见 根据《上海证券交易所股票上市规则》、《上市公司独立董事管理办法》等有关法律法规和 《浙江正泰电器股份有限公司章程》、《浙江正泰电器股份有限公司独立董事工作制度》的有关 规定，浙江正泰电器股份有限公司（以下简称"公司")独立董事于 2025 年 12 月 1 日召开第十 届董事会 2025 年第四次独立董事专门会议，基于独立判断立场，本着认真、严谨、负责的态度， 就本次会议的事项发表审核意见如下： 一、对《关于全资子公司参与投资设立产业基金暨关联交易的议案》的审核意见 经审核，公司子公司参与本次基金投资，有利于优化公司投资结构，获得投资收益，提升 公司盈利空间和综合竞争实力。本次关联交易遵循自愿、公平合理、协商一致的原则，没有发 现损害公司及中小股东利益的情形，符合公司及全体股东利益，符合相关法律法规和《公司章 程》的规定。因此，我们同意本次对外投资，并同意提交董事会审议，关联董事应回避表决。 独立董事：黄沈箭、彭溆、陈亚民 二〇二五年十二月一日 浙江正泰电器股份有限公司 ...

证券代码：601877 证券简称：正泰电器 公告编号：临 2025-070 浙江正泰电器股份有限公司 关于全资子公司参与投资设立产业基金暨关联交易的公告 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。 为把握新能源等领域的发展机遇，优化投资结构、提升投资收益，公司全资子公司正泰 新能源与国泰君安创新投资有限公司（以下简称"国泰君安创新投资"）、宁波梅山投资、宣 重要内容提示： ● 浙江正泰电器股份有限公司（以下简称"公司"）全资子公司浙江正泰新能源开发有 限公司（以下简称"正泰新能源"）拟以自有或自筹资金不超过人民币 20,100 万元参与投资 设立宣城国泰开盛正泰绿色私募股权投资基金合伙企业（有限合伙）（暂定名，以市场监督 管理局核准为准，以下简称"宣城国泰开盛正泰基金"、"合伙企业"、"基金"）。 ● 宁波梅山保税港区浙民投投资管理有限公司（以下简称"宁波梅山投资"）拟作为基 金普通合伙人之一，宁波梅山投资为公司关联方，本次交易构成关联交易，但不构成重大资 产重组。 ● 本次交易事项已经公司独立董事专门会议和董事会审议通过 ...

证券代码：601877 证券简称：正泰电器 公告编号：临 2025-069 浙江正泰电器股份有限公司 关于对外担保进展的公告 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。 ● 本次担保的主债权为 112,693 万元人民币 ● 本次担保是否有反担保：无 ● 公司不存在对外担保逾期的情形 重要内容提示： ● 被担保人：浙江正泰电器股份有限公司（以下简称"公司"或"正泰电器"）控股 子公司正泰安能数字能源（浙江）股份有限公司（以下简称"正泰安能"）的 40 家下属全 资子公司。 ● 特别风险提示：截至本公告披露日，公司及子公司对外担保总额超过公司最近一期 经审计净资产的 50%，主要为对公司全资或控股子公司及其下属企业的担保，均在经公司 股东会审议通过的授权担保额度范围内，敬请投资者注意相关风险。 一、担保情况概述 因公司新能源业务持续发展，公司控股子公司正泰安能为公司合并报表范围内的子公司 新增担保如下表所示： | 担保方 | 被担保方 | 合作方 | 担保金额 | | --- | --- | --- | --- | | | ...

证券代码：601877 证券简称：正泰电器 公告编号：临 2025-068 浙江正泰电器股份有限公司 关于为参股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。 重要内容提示： ● 担保人：浙江正泰电器股份有限公司（以下简称"公司"或"正泰电器"）控股子公 司正泰安能数字能源（浙江）股份有限公司（以下简称"正泰安能"）。 ● 被担保人：正泰安能参股公司浙江福来泰新能源有限公司（以下简称"浙江福来泰"） 下属 14 家全资项目公司。 ● 截至本公告披露日，公司及子公司对外担保总额超过公司最近一期经审计净资产的 50%，主要为对公司全资或控股子公司及其下属企业的担保，均在经公司股东会审议通过的 授权担保额度范围内，敬请投资者注意相关风险。 一、担保情况概述 公司控股子公司正泰安能通过其全资子公司浙江泰舟新能源有限公司（以下简称"浙江 泰舟"）持有浙江福来泰 18%股权，福莱特玻璃集团股份有限公司（以下简称"福莱特"） 持有浙江福来泰 82%股权。近日，浙江福来泰下属 14 家全资项目公司拟分别向中国民生银 行股份 ...

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。 浙江正泰电器股份有限公司（以下简称"公司"）第十届董事会第八次会议于 2025 年 12 月 1 日以通讯方式召开。应参加本次会议表决的董事 9 名，收到有效表决票 9 张，符合 《中华人民共和国公司法》及《浙江正泰电器股份有限公司章程》的规定，本次会议合法有 效。经表决通过了以下议案： 一、审议通过《关于全资子公司参与投资设立产业基金暨关联交易的议案》 会议以 3 票同意，0 票反对，0 票弃权，审议通过了《关于全资子公司参与投资设立产 业基金暨关联交易的议案》，同意公司全资子公司浙江正泰新能源开发有限公司以自有或自 筹资金不超过 20,100 万元参与投资设立宣城国泰开盛正泰绿色私募股权投资基金合伙企业 （有限合伙）（暂定名，以市场监督管理局核准为准）。 公司独立董事专门会议事前已审议通过本议案，全体独立董事认可本议案并同意提交董 事会审议。 关联董事南存辉、朱信敏、陈国良、陆川、南尔、林贻明已对本议案回避表决，具体内 容详见公司同日发布于上海证券交易所网站（www.sse. ...

Core Viewpoint - Zhejiang Chint New Energy Development Co., Ltd., a wholly-owned subsidiary of Chint Electric (601877.SH), plans to invest up to 201 million yuan in establishing the Xuancheng Guotai Kaisheng Chint Green Private Equity Investment Fund Partnership (Limited Partnership) focusing on the new energy and energy-saving environmental protection sectors [1] Investment Details - The investment will utilize self-owned or self-raised funds not exceeding 201 million yuan [1] - The fund's management team and its affiliates possess extensive investment experience and industry resources [1] Strategic Implications - Participation in this fund is expected to optimize the company's investment structure [1] - The investment aims to generate returns and enhance the company's profitability and overall competitive strength [1]