12月22日(周一)，爱建证券有限责任公司研究员朱攀发布研报《威腾电气(688226)首次覆盖：ABB合资 工厂产能持续爬坡储能业务快速增长》称，预计公司2025-2027年归母净利润分别为0.39/1.46/2.21亿 元，对应PE为182/49/32倍。考虑AIDC装机旺盛推动供电系统需求，ABB合资工厂产能持续爬坡，公司 在母线行业海外市场盈利能力较好，且积极开展新业务切入高成长赛道，业绩有望持续改善，公司2026 年PE低于可比公司均值，给予"买入"评级。 中国经济网北京12月26日讯威腾电气(688226.SH)今日股价下跌，收报37.28元，跌幅7.84%。 ...

来源：市场资讯 针对上述提问，威腾电气回应称："尊敬的投资者您好，威璞光电的实缴资本将匹配公司资金需求逐步 到位，目前子公司威璞光电的各项工作在正常推进中，设备以及人员将根据业务进度逐步落地。感谢您 的关注。谢谢！" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 有投资者在互动平台向威腾电气提问："经查询，公司控股子公司江苏威璞光电设备有限公司注册资本 3000万元，实缴资本未到位。请问1、实缴资本什么时候到位，目前威璞光电开展业务、人员工资、社 保缴纳是通过股东借款还是其他方式给与支撑？2、威璞光电目前生产设备与工程师是否到位？3、光模 块预计什么时候能试生产。谢谢。" ...

Core Insights - As of December 22, a total of 86 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for 5 consecutive days or more [1] - The stocks with the longest streak of net buying are Sichuan Shuangma, Chongqing Water, and *ST Taihe, each with 13 consecutive trading days of net inflow [1] - Other notable stocks with significant net buying days include Weiteng Electric, Wujin Stainless Steel, Hangzhou High-tech, Innotek, Jiebang Technology, Meike Home, Huaxing Yuanchuang, and Ping An Bank [1]

证券研究报告 公司研究 / 首次覆盖 2025 年 12 月 22 日 ABB 合资工厂产能持续爬坡，储能业务 快速增长 电力设备 报告原因： | 买入（首次评级） | | | | | --- | --- | --- | --- | | 市场数据： 2025 | 年 | 12 月 | 19 日 | | 收盘价（元） | | | 37.84 | | 一年内最高/最低（元） | 57.70/22.74 | | --- | --- | | 市净率 | 4.3 | | 股息率（分红/股价） | 0.40 | | 流通 A 股市值（百万元） | 7,143 | | 上证指数/深证成指 | 3,890/13,140 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据： | | | 2025 | 年 | 09 | 月 30 | | 日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 每股净资产（元） | | | | | | | 8.9 | | | 资产负债率% | | | | | | 64.95 | | | | 总股本/流通 | | ...

Core Viewpoint - As of December 18, a total of 97 stocks in the Shanghai and Shenzhen markets have experienced net buying from main funds for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Significant Net Buying - The stock with the longest consecutive net buying days is China National Materials, which has seen net buying for 15 consecutive trading days [1] - Other notable stocks with significant net buying days include Xinhua Medical, *ST Taihe, Sichuan Shuangma, Libang Co., Chongqing Water, Harbin Pharmaceutical, Weiteng Electric, and Huicheng Environmental Protection [1]

Group 1 - The core point of the news is that Weiteng Electric's stock price has dropped by 5.11% to 38.25 CNY per share, with a trading volume of 239 million CNY and a turnover rate of 3.24%, resulting in a total market capitalization of 7.221 billion CNY [1] - Weiteng Electric, established on January 7, 2004, and listed on July 7, 2021, is located in Jiangsu Province and specializes in the research, manufacturing, and sales of busbar products [1] - The company's main business revenue composition includes: photovoltaic new materials (photovoltaic welding strips) 46.68%, power distribution equipment (high and low voltage busbars) 25.26%, energy storage systems 21.46%, and other categories [1] Group 2 - From the perspective of Weiteng Electric's top ten circulating shareholders, the fund "Qingguo Xuyuan Three-Year Holding Period Mixed A" (016709) has reduced its holdings by 463,500 shares, now holding 2.9007 million shares, which accounts for 1.55% of the circulating shares [2] - The fund has a current scale of 16.329 billion CNY and has achieved a return of 40% this year, ranking 1646 out of 8100 in its category [2] - The fund manager, Zhao Yi, has a tenure of 8 years and 275 days, with the best fund return during his tenure being 329.41% [3]

Core Points - The company, Weiteng Electric, announced the approval of two proposals during its fourth extraordinary shareholders' meeting for 2025, including a revision proposal and a proposal for new expected daily related transactions for 2025 [2] Group 1 - The fourth extraordinary shareholders' meeting was held on December 17 [2] - The company is focusing on revising its proposals and establishing new expected daily related transactions for the upcoming year [2]

Market Performance - The Shanghai Composite Index closed at 3870.28 points, up 1.19%, with a trading volume of 766.8 billion yuan [1] - The Shenzhen Component Index closed at 13224.51 points, up 2.4%, with a trading volume of 1044.325 billion yuan [1] - The ChiNext Index closed at 3175.91 points, up 3.39%, with a trading volume of 495.114 billion yuan [1] - The STAR Market 50 Index closed at 1325.33 points, up 2.47%, with a trading volume of 50.2 billion yuan [1] - The total trading volume of both markets reached 1811.125 billion yuan, an increase of 86.946 billion yuan compared to the previous trading day [1] Sector Performance - Strong performance was noted in sectors such as telecommunications, non-ferrous metals, insurance, precious metals, electronics, chemicals, power equipment, and media [2] - Concepts like CPO, lithium mining, optical communication modules, liquid cooling, copper cable high-speed connections, fluorine chemicals, PCB, and composite current collectors showed active trends [2] - The agriculture, defense, and liquor sectors experienced declines, with weaker trends in concepts like space stations, satellite internet, duty-free, rental sales, and grain [2] Fund Flow - The net outflow of main funds in the Shanghai and Shenzhen markets was 6.73 billion yuan [3] - The ChiNext saw a net outflow of 4.067 billion yuan, while the CSI 300 index experienced a net outflow of 5.145 billion yuan [4] - The telecommunications sector had the highest net inflow of main funds, amounting to 4.529 billion yuan, followed by non-ferrous metals, electronics, and power equipment [4] Individual Stock Performance - A total of 2117 stocks saw net inflows of main funds, with 93 stocks receiving over 100 million yuan in net inflows [5] - The stock with the highest net inflow was Zhongji Xuchuang, with 1.426 billion yuan, followed by Xinyi Sheng, Shenghong Technology, Tianfu Communication, and others [6] - Conversely, 3043 stocks experienced net outflows, with 75 stocks seeing over 100 million yuan in net outflows [7] - The stock with the highest net outflow was Pingtan Development, with 1.459 billion yuan, followed by Yonghui Supermarket, Aerospace Development, and others [8] Institutional Activity - Institutional seats had a net buy of approximately 471 million yuan, with 16 stocks being net bought and 11 stocks being net sold [9] - The stock with the highest net buy from institutions was Juguang Technology, with about 291 million yuan [10] - The stock with the highest net sell was Yingweike, with approximately 22 million yuan, followed by Xue Ren Group, Guangxun Technology, and others [11]

证券代码：688226 证券简称：威腾电气 公告编号：2025-069 威腾电气集团股份有限公司 2025年第四次临时股东会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 12 月 17 日 （二） 股东会召开的地点：江苏省扬中市新坝科技园南自路 1 号威腾电气会议 室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 89 | | --- | --- | | 普通股股东人数 | 89 | | 2、出席会议的股东所持有的表决权数量 | 97,823,814 | | 普通股股东所持有表决权数量 | 97,823,814 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 51.8202 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 51.8202 | 2、 董事 ...

上海市锦天城律师事务所 关于威腾电气集团股份有限公司 2025 年第四次临时股东会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：（86）21-20511000 传真：（86）21-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于威腾电气集团股份有限公司 2025 年第四次临时股东会的法律意见书 致：威腾电气集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受威腾电气集团股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第四次临时股东会（以下 简称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《上市公司股东会规则》等法律、法规和其他规范性文件以 及《威腾电气集团股份有限公司章程》（以下简称"《公司章程》"）的有关规 定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责和诚实信用原则，对本次股东会所涉及的相关事项进行了 ...