证券代码:603861 证券简称:白云电器 公告编号:2025-060 转债代码:113549 转债简称:白电转债 广州白云电器设备股份有限公司 关于提前赎回"白电转债"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： ● 广州白云电器设备股份有限公司（以下简称"公司"）于2025年8月6日召开第七届董事会第二十次会 议，审议通过《关于提前赎回"白电转债"的议案》，公司决定行使"白电转债"的提前赎回权利，对赎回 登记日登记在册的"白电转债"按照债券面值加当期应计利息的价格全部赎回，具体请见公司于2025年8 月7日披露了《关于提前赎回"白电转债"的公告》（公告编号：2025-058）。公司将尽快披露相关公告 明确有关赎回程序、价格、时间等具体事宜。 ● 投资者所持"白电转债"除在规定时限内通过二级市场继续交易或按照7.63元/股的转股价格进行转股 外，仅能选择以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面临较大投资损 失。 ● 特提醒"白电转债"持有人注意在期限内转股或 ...

Investment Rating - The report suggests a positive investment outlook for the AIDC industry, driven by high growth in global capital expenditure and increasing demand for data centers [2][11][18]. Core Insights - The AIDC industry is experiencing a significant transformation towards direct current (DC), high voltage, and high density, with a projected market size of 99.6 billion yuan by 2030, reflecting a CAGR of approximately 50% from 2024 to 2030 [2][68]. - The global AI market is entering a high growth phase, with the market size expected to reach approximately $274.5 billion by 2032, growing at a CAGR of 36% [11]. - Major cloud service providers (CSPs) are significantly increasing their capital expenditures for data center infrastructure, with notable investments from companies like Alibaba and Tencent [17][22]. - The evolution of power supply systems in data centers is shifting from traditional UPS to more efficient HVDC systems, which are expected to dominate the market in the coming years [34][49]. Summary by Sections AIDC Capital Expenditure Growth - Global AIDC capital expenditure is experiencing high growth, with CSPs increasing investments in data centers, leading to a projected total installed capacity of over 100 GW by 2025 [2][18]. - The capital expenditure from domestic CSPs is expected to see explosive growth, with Alibaba's capital expenditure forecasted to increase by 239% in 2024 [17][22]. Power Supply System Evolution - The AIDC is rapidly evolving towards direct current and high voltage systems, with a significant focus on improving power supply efficiency and reducing system costs [34][49]. - The report highlights the transition from traditional UPS systems to HVDC systems, which are expected to enhance energy efficiency and reduce operational costs [49][52]. Market Opportunities - The report identifies new market opportunities in auxiliary power sources such as BBU and supercapacitors, which are becoming standard in AI server configurations [2][4]. - The global server power supply market is projected to reach 147 billion yuan by 2030, with a CAGR of approximately 42% from 2024 to 2030 [2][68]. Competitive Landscape - The competitive landscape for server power supplies is characterized by high barriers to entry, with established players like Delta Electronics and Lite-On Technology dominating the market [81]. - The report emphasizes the importance of customer relationships and technological capabilities as key competitive advantages in the server power supply sector [84][85].

（编辑 楚丽君） 证券日报网讯 8月12日晚间，白云电器发布公告称，特提醒"白电转债"持有人注意在期限内转股或卖 出。投资者如未及时转股或卖出，可能面临较大投资损失。敬请广大投资者详细了解相关规则，注意投 资风险。 ...

证券代码:603861 证券简称:白云电器 公告编号:2025-060 转债代码:113549 转债简称:白电转债 自 2025 年 7 月 8 日至 2025 年 8 月 6 日，公司股票已有 15 个交易日的收盘 价格不低于"白电转债"当期转股价格的 130%（含 130%），即不低于 9.919 元 /股。根据《广州白云电器设备股份有限公司公开发行可转换公司债券募集说明 书》中有条件赎回条款的相关约定，已触发"白电转债"的有条件赎回条款。 广州白云电器设备股份有限公司 关于提前赎回"白电转债"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： 广州白云电器设备股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日召开第七届董事会第二十次会议，审议通过《关于提前赎回"白电转债"的议 案》，公司决定行使"白电转债"的提前赎回权利，对赎回登记日登记在册的"白 电转债"按照债券面值加当期应计利息的价格全部赎回，具体请见公司于 2025 年 8 月 7 日披露了《关于提前赎回"白电转债"的 ...

Core Viewpoint - Guangzhou Baiyun Electric Equipment Co., Ltd. has decided to exercise its early redemption rights for the "Bai Dian Convertible Bonds" due to the stock price meeting the necessary conditions for redemption [2][3]. Group 1: Early Redemption of "Bai Dian Convertible Bonds" - The company held its 20th meeting of the 7th Board of Directors on August 6, 2025, where it approved the proposal for the early redemption of the "Bai Dian Convertible Bonds" [2][3]. - The redemption will occur at the bond's face value plus accrued interest for all bonds registered on the redemption registration date [2][3]. - The stock price has been at or above 130% of the conversion price for 15 trading days prior to the meeting, triggering the conditional redemption clause [3]. Group 2: Investor Guidance - Investors can either continue trading the "Bai Dian Convertible Bonds" in the secondary market or convert them at a price of 7.63 yuan per share within the specified timeframe [2][4]. - If investors do not convert or sell their bonds in time, they may face significant investment losses due to forced redemption at a price of 100 yuan per bond plus accrued interest [2][4]. - It is advised that investors holding pledged or frozen bonds should resolve these issues in advance to avoid being forced into redemption [4].

Group 1 - The company has decided to exercise its early redemption rights for the "Bai Dian Convertible Bonds" due to the stock price being above 130% of the conversion price for 15 trading days [1][2] - The redemption will occur at the bond's face value plus accrued interest, with further details to be disclosed in a subsequent announcement [1][2] - Investors are advised to either convert their bonds or sell them in the secondary market within the specified timeframe to avoid potential losses from forced redemption [1][2][3] Group 2 - The conversion price for the "Bai Dian Convertible Bonds" is set at 7.63 yuan per share, and the stock price must remain above 9.919 yuan per share for the redemption to be triggered [2] - The company will provide additional information regarding the redemption process, pricing, and timing in a future announcement [1][2] - Investors holding bonds that are pledged or frozen are recommended to resolve these issues to prevent forced redemption due to inability to convert [3]

证券代码:603861 证券简称:白云电器 公告编号:2025-059 转债代码:113549 转债简称:白电转债 广州白云电器设备股份有限公司 关于提前赎回"白电转债"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： 广州白云电器设备股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日召开第七届董事会第二十次会议，审议通过《关于提前赎回"白电转债"的议 案》，公司决定行使"白电转债"的提前赎回权利，对赎回登记日登记在册的"白 电转债"按照债券面值加当期应计利息的价格全部赎回，具体请见公司于 2025 年 8 月 7 日披露了《关于提前赎回"白电转债"的公告》（公告编号：2025-058）。 公司将尽快披露相关公告明确有关赎回程序、价格、时间等具体事宜。 投资者所持"白电转债"除在规定时限内通过二级市场继续交易或按照 7.63 元/股的转股价格进行转股外，仅能选择以 100 元/张的票面价格加当期应计 利息被强制赎回。若被强制赎回，可能面临较大投资损失。 特提醒"白电转债"持有人注 ...

Core Viewpoint - Baiyun Electric's stock price has decreased by 1.78% to 9.93 yuan, reflecting market fluctuations and investor sentiment [1] Company Overview - Baiyun Electric specializes in the manufacturing of electrical machinery and equipment, aiming to become a comprehensive service provider for green smart energy solutions [1] - The company has been actively pursuing digital transformation and intelligent upgrades, achieving positive progress in ecosystem collaboration [1] Financial Performance - Since its listing in 2016, Baiyun Electric has maintained a record of annual cash dividends, with a dividend payout ratio exceeding 25% for several consecutive years [1] - The recent announcement from the chairman proposes a mid-term dividend plan for 2025, suggesting a dividend amount of no less than 30% of the net profit for the first half of the year [1] Shareholder Returns - The company plans to repurchase shares using 10 million to 20 million yuan of its own funds, intended for employee stock ownership plans or equity incentives [1] - Baiyun Electric aims to enhance investor returns through increased dividend payouts and share buybacks [1]

Core Points - The company plans to hold its second extraordinary general meeting of shareholders in 2025 to discuss significant changes including the cancellation of the supervisory board, changes in business scope, and amendments to the company's articles of association [1][3][4] Meeting Details - The meeting will provide an online voting platform through the Shanghai Stock Exchange for shareholders to exercise their voting rights during the trading hours on the day of the meeting [1][2] - The meeting is scheduled to take place at the company's office in Guangzhou [1][2] Agenda Items - The first agenda item is to propose the cancellation of the supervisory board, change the business scope, and amend the articles of association, which will be authorized to the board of directors for necessary registrations and filings [3][4] - The second agenda item involves the revision and formulation of certain governance systems within the company [3] Changes Proposed - The supervisory board will be abolished, and its functions will be transferred to the audit committee of the board of directors, in compliance with the latest regulations [4] - The business scope will be expanded to include high-voltage switchgear, power distribution and control equipment, and related services, reflecting the company's operational needs [4][6] - Amendments to the articles of association will be made to align with the new company law and stock exchange regulations, ensuring legal compliance and operational efficiency [6][7]

广州白云电器设备股份有限公司 2025 年第二次临时股东大会 会议资料 股票简称：白云电器 股票代码：603861 （二〇二五年八月十五日） 广州白云电器设备股份有限公司 2025 年第二次临时股东大会会议资料 证券代码:603861 证券简称:白云电器 转债代码:113549 转债简称:白电转债 1 | | | 广州白云电器设备股份有限公司 2025 年第二次临时股东大会会议资料 重要提示 一、本次大会提供网络投票： 公司将通过上海证券交易所交易系统向公司股东提供网络形式的投票平台， 股东可以在网络投票时间内通过上述系统行使表决权。 二、股东大会召开日期、时间： 1、现场会议时间：2025 年 8 月 15 日 14 时 00 分。 2、网络投票时间：2025 年 8 月 15 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股东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为股东 大会召开当日的 9:15-15:00。 三、现场会议地址： 广州市白云区大岭南路 18 号广州白云电器设备股份有限公司办公楼 40 ...