Core Insights - The article discusses the departure of Shao Jiaxu from Luokai Co., Ltd. and highlights the significant financial impact of the company's investment in Quanzhou Qixing Electric Co., Ltd. and Jiangsu Luokai Electric Co., Ltd. since 2017, with projected revenues exceeding 600 million RMB in 2022 [1][2] Group 1: Company Operations and Financial Performance - Luokai Co., Ltd. sold Quanzhou Qixing at a price reflecting a price-to-earnings (PE) ratio of over 5 times, which significantly affected its revenue [2][20] - Quanzhou Qixing has contributed over 1.8 billion RMB in revenue to Luokai since its establishment, showcasing strong financial performance post-separation from Qixing Electric Co., Ltd. [2][11] - From 2020 to 2024, Quanzhou Qixing's revenues were approximately 1.38 billion RMB, 2.55 billion RMB, 4.16 billion RMB, 5.60 billion RMB, and 4.71 billion RMB, totaling around 1.84 billion RMB [11][12] Group 2: Business Relationships and Transactions - The relationship between Luokai and Qixing Electric evolved from competitors to a significant customer-supplier dynamic, with Qixing becoming Luokai's largest customer by 2024, contributing approximately 210 million RMB in sales [7][11] - Luokai's investment in Quanzhou Qixing involved a capital injection of 51 million RMB, alongside annual rental payments for facilities and equipment, leading to substantial revenue generation [20][18] - The ongoing rental agreements between Quanzhou Qixing and Qixing Electric for production facilities indicate a continued interdependence despite the initial separation [16][18] Group 3: Future Outlook and Strategic Decisions - Luokai plans to divest its stake in Quanzhou Qixing for approximately 100 million RMB, valuing the company at 197 million RMB, with a PE ratio of about 5.4 times based on projected profits [23][24] - The decision to sell Quanzhou Qixing is attributed to differing future business strategies between Luokai and its partners, aiming to streamline operations and reduce related party transactions [24][23] - The anticipated exit of Qixing Electric from the related business by mid-2024 is expected to allow Quanzhou Qixing to operate independently [20][21]

| 证券代码：603829 | 证券简称：洛凯股份 | 公告编号：2025-050 | | --- | --- | --- | | 债券代码：113689 | 债券简称：洛凯转债 | | 江苏洛凯机电股份有限公司 关于"洛凯转债"预计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个别及连带责任。 重要内容提示： 江苏洛凯机电股份有限公司（以下简称"公司"）股票价格自 2025 年 9 月 12 日起至 2025 年 9 月 25 日已有 10 个交易日的收盘价不低于"洛凯转债"当 期转股价格（即 15.33 元/股）的 130%（即 19.929 元/股）。若未来 20 个交易日 内仍有 5 个交易日公司股票价格继续满足相关条件的，将触发"洛凯转债"的赎 回条款。根据《江苏洛凯机电股份有限公司向不特定对象发行可转换公司债券募 集说明书》（以下简称"《募集说明书》"）有关条款的相关规定，届时公司董事会 有权决定是否按照可转换公司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"洛凯转债"。 一、可转债发行上市 ...

Core Viewpoint - The stock price of Luokai Co., Ltd. has experienced fluctuations, with a year-to-date increase of 63.98% but a recent decline of 5.77% over the past five trading days [2]. Group 1: Stock Performance - As of September 24, Luokai's stock price was 21.90 CNY per share, with a market capitalization of 3.504 billion CNY [1]. - The stock has seen a trading volume of 43.3 million CNY and a turnover rate of 1.23% [1]. - Year-to-date, the stock has been on the leaderboard four times, with the most recent appearance on September 16 [2]. Group 2: Financial Performance - For the first half of 2025, Luokai reported a revenue of 1.091 billion CNY, reflecting a year-on-year growth of 5.82%, while the net profit attributable to shareholders was 57.1465 million CNY, a decrease of 3.41% [2]. - Cumulative cash dividends since the A-share listing amount to 134 million CNY, with 52.01 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased by 20.94% to 12,600, with an average of 12,739 circulating shares per person, a decrease of 17.31% [2]. - Among the top ten circulating shareholders, the seventh largest is a new institutional shareholder, holding 683,800 shares [3]. Group 4: Business Overview - Luokai Co., Ltd. specializes in the research, production, and sales of key components for high and low voltage circuit breakers, smart ring network cabinets, and their critical accessories [2]. - The company's revenue composition includes: 21.64% from circuit breaker operating mechanisms, 19.94% from complete cabinet accessories, and 18.88% from complete cabinet products [2]. - The company operates within the electric equipment industry, focusing on power distribution equipment and related concepts such as energy storage and renewable energy [2].

Company Overview - Luokai Co., Ltd. is located in Changzhou, Jiangsu Province, and was established on September 30, 2010. The company was listed on October 17, 2017. Its main business involves the research, production, and sales of key components for high and low voltage circuit breakers, smart ring network cabinets, and their key components [1]. Financial Performance - As of June 30, 2025, Luokai Co., Ltd. achieved a revenue of 1.091 billion yuan, representing a year-on-year growth of 5.82%. However, the net profit attributable to shareholders decreased by 3.41% to 57.1465 million yuan [2]. - The company has cumulatively distributed 134 million yuan in dividends since its A-share listing, with 52.01 million yuan distributed over the past three years [3]. Stock Performance - As of September 23, Luokai's stock price was 22.46 yuan per share, with a market capitalization of 3.594 billion yuan. The stock has increased by 68.18% year-to-date but has seen a decline of 9.91% over the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on September 16 [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 20.94% to 12,600, while the average circulating shares per person decreased by 17.31% to 12,739 shares [2]. - Among the top ten circulating shareholders, the "Zhaoshang Quantitative Selected Stock Initiation A" fund is the seventh largest shareholder, holding 683,800 shares as a new shareholder [3]. Business Segmentation - The revenue composition of Luokai Co., Ltd. includes: 21.64% from circuit breaker operating mechanisms, 19.94% from complete cabinet components, 18.88% from complete cabinet products, 15.77% from frames, 12.29% from other products, 9.44% from circuit breakers, and 2.04% from other supplementary products [1]. Industry Context - Luokai Co., Ltd. operates within the power equipment sector, specifically in the sub-sector of power distribution equipment. The company is associated with concepts such as energy storage, power IoT, new energy, solar energy, and wind energy [1].

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603829 证券简称：洛凯股份公告编号：2025-049 债券代码：113689 债券简称：洛凯转债 江苏洛凯机电股份有限公司 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个别及连带责任。 重要内容提示： ● 会议召开时间：2025年9月30日（星期二）15:00-16:00 ● 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络互动 ● 投资者可于2025年9月23日（星期二）至9月29日（星期一）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱stocks@rocoi.cn进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 江苏洛凯机电股份有限公司（以下简称"公司"）已于2025年8月29日发布公司2025年半年度报告，为便 于广大投资者更全面深入地了解公司2025年半年度经营成果、财务状况，公司计划于2025年9月30日 （星期二）15: ...

New Stock Issuance - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 12 trading days remaining until the last trading day during the delisting arrangement period[1] Trading Alerts - *ST Jishi Media (601929) reported severe abnormal fluctuations in stock price[1] - *ST Yushun (002289) and *ST Weier (002058) are under scrutiny due to abnormal trading activities[1] Company Announcements - *ST Gao Hong (000851) and *ST Dongtong (300379) have recent announcements regarding their financial status[1] - Shanghai Construction (600170) and Zhongke Shuguang (603019) have disclosed important updates on their operations[1] Market Trends - The report indicates a trend of increased scrutiny on companies with abnormal trading patterns, reflecting a tightening regulatory environment[2] - The number of companies under cash option declarations and delisting arrangements suggests a potential increase in market volatility[1]

| 证券代码：603829 | 证券简称：洛凯股份 | 公告编号：2025-049 | | --- | --- | --- | | 债券代码：113689 | 债券简称：洛凯转债 | | 江苏洛凯机电股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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个别及连带责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 9 月 23 日（星期二）至 9 月 29 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 stocks@rocoi.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 江苏洛凯机电股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 9 月 30 日（星期二）15:0 ...

江苏洛凯机电股份有限公司 股票交易异常波动公告 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个别及连带责任。 重要内容提示： ● 江苏洛凯机电股份有限公司（以下简称"公司"）股票于2025年9月12日、9月15日、9月16日连续三个 交易日收盘价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的有关规定，属于股票交 易异常波动情形。 ● 经公司自查，并书面征询公司控股股东及实际控制人，截至本公告披露日，确认不存在应披露而未披 露的重大事项。 登录新浪财经APP 搜索【信披】查看更多考评等级 ● 根据中证指数有限公司发布的数据显示，公司所属的"电气机械和器材制造业"最新滚动市盈率为23.74 倍（2025年9月15日），公司最新滚动市盈率为29.20倍（2025年9月15日），已高于行业市盈率，可能 存在非理性炒作。敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 证券代码：603829 证券简称：洛凯股份公告编号：2025-048 一、股票交易异常波动的具体情况 债券代码：113689 债券简称：洛凯转债 （三）媒体 ...

（文章来源：证券日报） 证券日报网讯 9月16日晚间，洛凯股份发布公告称，公司股票于2025年9月12日、9月15日、9月16日连 续三个交易日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经公司自查，并书面征 询公司控股股东及实际控制人，截至本公告披露日，确认不存在应披露而未披露的重大事项。根据中证 指数有限公司发布的数据显示，公司所属的"电气机械和器材制造业"最新滚动市盈率为23.74倍（2025 年9月15日），公司最新滚动市盈率为29.20倍（2025年9月15日），已高于行业市盈率，可能存在非理 性炒作。敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 ...