深圳市禾望电气股份有限公司 2026 年第一次临时股东会 会 议 资 料 2026 年 2 月 | 2026 | 年第一次临时股东会会议须知 3 | | | --- | --- | --- | | 2026 | 年第一次临时股东会会议议程 5 | | | | 议案一：《关于为下属公司提供补充股权质押担保的议案》 | 7 | 深圳市禾望电气股份有限公司 2026 年第一次临时股东会会议资料 深圳市禾望电气股份有限公司 2026年第一次临时股东会 会议须知 为维护投资者的合法权益，确保深圳市禾望电气股份有限公司（以下简称"公 司"）2026 年第一次临时股东会会议的顺利召开，依据中国证券监督管理委员会 《上市公司股东会规则》等有关规定，制定会议须知如下： 六、会议开始后，与会股东将推举两名股东代表参加计票和监票；股东对提 案进行表决时，由股东代表与见证律师共同负责计票、监票；表决结果由会议主 持人宣布。 七、为提高会议议事效率，在就股东的问题回答结束后，即进行表决。现场 会议表决采用记名投票表决方式，请股东按表决票要求填写意见，由股东会工作 人员统一收票。 3 深圳市禾望电气股份有限公司 2026 年第一次临时股 ...

证券日报网讯 2月11日，禾望电气发布公告称，截至本公告披露日，公司对外担保总额为529636.00万 元，占公司最近一期经审计净资产的123.13%，其中对全资子公司担保总额为519186.02万元，占公司最 近一期经审计净资产的120.70%，对参股公司深圳市万禾天诺产业运营管理有限公司关联担保余额为 10449.98万元，占公司最近一期经审计净资产的2.43%。公司不存在违规担保、逾期担保的情形。 （文章来源：证券日报） ...

每经AI快讯，禾望电气2月11日晚间发布公告称，公司2026年第一次董事会会议于2026年2月11日以通讯 方式召开。会议审议了《关于召开2026年第一次临时股东会的议案》等文件。 每经头条（nbdtoutiao）——男子街头逃亡、剑客山间打斗……电影级中国视频大模型被称"地表最 强"，几十个提示字生成15秒视频可商业交付，影视股大涨！记者亲测 （记者 曾健辉） ...

证券代码：603063 证券简称：禾望电气 公告编号：2026-007 深圳市禾望电气股份有限公司 关于为下属公司提供补充股权质押担保的公告 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： 担保对象及基本情况 注 1：深圳市禾望电气股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召开 2025 年第四次临时董事会会议及 2025 年第四次临时监事会会议，审议通 过《关于下属控股公司开展融资租赁业务并为其提供担保的议案》，公司全资孙 公司深圳市禾望能源开发有限公司（以下简称"禾望能源开发"）以其持有的祁 阳博禾 51%股权为融资租赁业务提供质押担保，担保金额为 523,320,547.84 元。 2026 年 2 月 5 日，中国三峡新能源（集团）股份有限公司将其持有的祁阳博禾 49%股份转让给禾望能源开发，股权转让工商变更完成后，祁阳博禾成为公司全 资下属公司，本次禾望能源开发拟将持有的祁阳博禾 49%股权补充质押担保。本 次担保仅为 49%股权补充质押担保，担保总金额不变，无新增担保金额。 累 ...

关于召开2026年第一次临时股东会的通知 证券代码：603063 证券简称：禾望电气 公告编号：2026-008 深圳市禾望电气股份有限公司 (一) 股东会类型和届次 2026年第一次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相 结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2026 年 2 月 27 日 14 点 00 分 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： 股东会召开日期：2026年2月27日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 召开地点：深圳市南山区西丽镇官龙村第二工业区 11 栋公司二楼会议室 二、 会议审议事项 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 2 月 27 日 至2026 年 2 月 27 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 ...

证券代码：603063 证券简称：禾望电气 公告编号：2026-006 1、深圳市禾望电气股份有限公司（以下简称"公司"）2026 年第一次临时 董事会会议（以下简称"本次会议"）的召开符合《中华人民共和国公司法》《上 海证券交易所股票上市规则》等相关法律、行政法规、规范性文件及《深圳市禾 望电气股份有限公司章程》的有关规定； 深圳市禾望电气股份有限公司 2026 年第一次临时董事会会议决议公告 一、 董事会会议召开情况 2、公司于 2026 年 2 月 9 日以电子邮件、电话等方式向董事发出董事会会议 通知； 3、本次会议于 2026 年 2 月 11 日以通讯方式召开； 4、本次会议应参会董事 5 名，实际参会董事 5 名； 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。 5、本次会议由董事长韩玉先生主持，部分高级管理人员列席会议。 二、 董事会会议审议情况 表决结果：同意票5票，反对票0票，弃权票0票。 同意公司于2026年2月27日召开2026年第一次临时股东会（具体内容详见公 司召开股东会通知）。 特此公告。 深圳市 ...

Core Viewpoint - The core reason for the electricity shortage in the U.S. is the continuous increase in capital expenditure expectations for data centers, leading to a significant upward revision of peak load growth forecasts for summer from 64GW in 2024 to 166GW in 2025 by GridStrategies [2] Group 1: Electricity Shortage Causes - The mismatch between capital expenditure expectations for data centers and actual demand, as well as the mismatch between actual demand and infrastructure capacity, creates uncertainty in the actual deployment pace of data centers [2] - The projected capacity of data center reserve projects in the U.S. has reached 245GW as of mid-October 2025, which will lead to increased peak load as data centers continue to operate [3] Group 2: Future Power Supply and Load Gap - The future new power installations in the U.S. will primarily be gas-fired, with the EIA estimating an addition of 7GW of gas power installations in 2026-2030 under current project plans, while other stable power sources will see no new additions [3] - Different scenarios for the pace of data center construction indicate varying load gaps by 2030, ranging from 2GW to 157GW, depending on whether regulatory power sources are considered [4] Group 3: Regional Load Growth Characteristics - The growth in peak load will be concentrated in areas with dense data center construction, particularly in ERCOT and PJM regions, driven by data center demand [5] - In PJM, the summer peak load is expected to rise from 156GW in 2026 to 222GW in 2036, with a significant drop in power reserve margins leading to a surge in capacity prices [6] - ERCOT's summer peak load is projected to grow from 87GW in 2025 to 138GW in 2030, with a focus on enhancing power system reliability through the construction of storage and gas-fired power sources [7] Group 4: Investment Opportunities - In the context of high market demand for gas turbines, there are bottlenecks in production capacity among leading overseas gas turbine companies, suggesting a favorable outlook for Chinese companies like Dongfang Electric and Shanghai Electric [8] - The increasing demand for U.S. power grid infrastructure presents opportunities in the transformer segment, with companies like Jinpan Technology and Siyi Electric being highlighted [8] - The short-term effectiveness of storage solutions in enhancing power system reliability points to investment potential in companies like Sungrow Power and Canadian Solar [8]

公司状况 截至2026年1月31日，禾望电气累计回购股份3.1万股，占总股本的0.0068%，回购金额约99.98万元。回 购价格区间为31.08元/股至33.50元/股，体现了公司对资本管理的持续行动。公司2025年三季报显示前 三季度营收27.78亿元(同比增长20.19%)，归母净利润3.34亿元(同比增长31.99%)，但第三季度单季业绩 同比有所下滑。最新市盈率(TTM)约为30.73倍(截至2025年12月数据)。公司为全资子公司提供担保的授 信额度仍在有效期内，相关风险提示已在过往公告中披露。 以上内容基于公开资料整理，不构成投资建议。 经济观察网禾望电气（603063）控股股东及其一致行动人计划减持不超过500万股股份，套现规模约 1.62亿元。同时，公司股份回购已累计完成约100万元。公司2025年前三季度业绩保持增长，但第三季 度单季业绩同比有所下滑。 近期受关注事件 根据禾望电气2026年1月22日发布的公告，控股股东深圳市平启科技有限公司及其一致行动人高淑丽计 划减持不超过500万股股份(占公司总股本的1.09%)，减持期间为2026年2月13日至2026年5月12日。若按 公告前收盘 ...

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - This week, lead prices entered a downward channel under the dual pressure of tightened macro - liquidity and seasonal industrial shutdown. The "Wash trade" led to a strong US dollar index, capping the valuation of non - ferrous metals including lead. Meanwhile, the domestic lead market is in a stage of weak supply and demand before the Spring Festival. The marginal contraction of supply is offset by a more severe consumption slump. The lead market is in a weak reality logic of "supply exceeding demand, rising inventories and falling prices", and the fundamental analysis remains weak [3]. - In the short - term, the market is experiencing a pre - holiday capital risk - aversion wave, with extremely low trading sentiment. The spot is weak, and the Contango structure may expand, so there is a risk of downward correction due to large fluctuations in the external market during the holiday [7]. - Looking at the whole year of 2026, lead prices are still trapped in a wide - range oscillation pattern due to over - capacity and the substitution of recycled lead. Although there is cost support at the mine end, the price ceiling will be suppressed in the long - term due to the lack of new growth points in consumption and strict environmental capacity limits [9]. 3. Summary by Relevant Catalogs 3.1 Core Contradictions and Strategy Recommendations 3.1.1 Core Contradictions - Macro - level: The "Wash trade" caused the US dollar index to be strong, forming a valuation ceiling for lead [3]. - Industry - level: Before the Spring Festival, the domestic lead market is in a stage of weak supply and demand. The开工 rate of recycled lead enterprises has declined seasonally, and the consumption of downstream battery enterprises has come to a standstill. Inventories are rising [3]. 3.1.2 Trading Strategy Recommendations - Futures unilateral: It is recommended to wait and see. The current price is in a seasonal weak range but close to the cost line, so the risk of short - selling increases. It is recommended to make arrangements after the post - holiday inventory data is clear [10]. - Arbitrage strategy: Pay attention to the opportunity of inter - period positive arbitrage. Due to the high inventory - accumulation pressure in February, the far - month contracts may be relatively stronger due to consumption recovery expectations. Observe the reverse arbitrage opportunity after the spread between the 03 - 05 contracts narrows [10]. 3.1.3 Industrial Customer Operation Recommendations - Inventory management: For enterprises with high finished - product inventories worried about price drops, it is recommended to short the main Shanghai lead futures contract with a hedging ratio of 75% at an entry range of 17,500 yuan/ton [11]. - Raw material management: For enterprises with low raw - material inventories worried about price increases, it is recommended to long the main Shanghai lead futures contract with a hedging ratio of 50% at an entry range of 16,000 yuan/ton [11]. 3.2 This Week's Important Information and Next Week's Key Events 3.2.1 This Week's Important Information - **Positive drivers**: In February, affected by the Spring Festival holiday and routine maintenance of some enterprises, the production of primary lead is expected to decline month - on - month. The LME lead inventory is at a relatively medium - level historically, limiting the absolute downward space [12]. - **Negative drivers**: Hawkish signals in the "Wash trade", a sharp decline in the operating rate of battery enterprises, and expected increase in social inventories approaching 100,000 tons [13]. - **Spot transaction information**: The daily average price of SMM 1 lead is 16,400 yuan/ton, down 0.15% from the previous day; the weekly average price is 16,805 yuan/ton; the monthly average price is 17,078.75 yuan/ton. The price of domestic lead concentrates is 16,150 yuan/ton, down 0.15%, and the price of imported lead concentrates is 16,483.7 yuan/ton, down 0.3% [15]. 3.2.2 Next Week's Key Events - Domestic: On February 13th, pay attention to the initial value of the accumulation of social inventories announced by SMM [17]. - International: On February 10th, pay attention to the marginal adjustment of the "balance - sheet reduction" expectation by US inflation - related data [17]. 3.3 Disk Interpretation 3.3.1 Price - Volume and Fund Interpretation - **Domestic market**: The lead price closed at 16,510 yuan/ton this week. Currently, profitable positions are mainly short in net positions. The basis and monthly spread structure show that the spot is weak, and the Contango structure may expand [18][20]. - **International market**: As of 15:00 this Friday, LME lead was at $1,948.5/ton. LME lead maintains a C - structure, and the spot is weaker than the futures [23][38]. - **Internal - external price difference tracking**: Relevant charts show the seasonal changes in lead spot import profit and loss and the relationship between the closing prices of Shanghai lead and LME lead [41]. 3.4 Valuation and Profit Analysis 3.4.1 Upstream and Downstream Profit Tracking in the Industrial Chain - The comparison of primary lead processing fees shows the changes in domestic and imported lead concentrate processing fees [43]. - The relationship between SMM lead concentrate monthly production and domestic lead concentrate processing fees is also presented [43]. 3.4.2 Import - Export Profit Tracking - The relationship between lead concentrate import profit and loss and import volume is shown, as well as the monthly import volume and its year - on - year change [45][46]. - Seasonal charts of refined lead import, lead concentrate import, lead battery import and export, and lead ingot net export are provided [47][49][50]. 3.5 Supply - Demand and Inventory Deduction 3.5.1 Supply - Demand Balance Sheet Deduction - Seasonal charts of domestic lead ingot total supply and monthly actual consumption are presented [54]. 3.5.2 Supply - Side and Deduction - The monthly production of lead concentrates, global lead mine production, electrolytic lead production, and recycled refined lead production, as well as their year - on - year changes and seasonality, are shown [56][58]. - The capacity utilization rates of primary lead and recycled lead are presented [63]. 3.5.3 Demand - Side and Deduction - Seasonal charts of lead battery operating rates (monthly, weekly, by type, and by region) are provided [65][66]. - Seasonal charts of lead battery import and export volumes, and the finished - product inventory days of lead battery enterprises and dealers are presented [68].

证券日报网讯 2月2日，禾望电气在互动平台回答投资者提问时表示，具体数据请查阅公司于2025年8月 8日在上海证券交易所披露的2025年半年度报告。 （文章来源：证券日报） ...