威腾电气公告，公司拟与上海深度湾科技、上海磐星企业管理合伙企业(有限合伙)共同投资设立"上海 威璞芯光科技有限公司"，注册资本3000万元，其中公司以自有资金出资1530万元，占合资公司注册资 本的比例为51%。合资公司将开展基于硅光技术和工艺的高速光模块/组等光通信产品的研发、生产、 销售及应用。 ...

深耕母线二十年，母线领域"小而美"龙头，业务涵盖配电、光伏、储能三大 行业。公司深耕母线行业二十年，涵盖配电设备、光伏新材、储能系统三大业 务，公司自建立初期专注于母线业务，随后围绕原有业务不断进行拓展和延 伸，完善产业布局，积极加强对光伏、储能等新能源行业的市场开拓。目前公 司已经发展成为国内输配电及控制设备制造行业中母线细分行业的知名企 业，是国内母线产品主要生产供应商。 证券研究报告 |首次覆盖报告 gszqdatemark 2025 04 10 年 月 日 威腾电气（688226.SH） 数据中心母线龙头，AIDC 借势启航 与海外巨头保持深度合作，彰显行业地位。公司已获得广泛的客户认可，具有 良好的客户口碑，且与多个海外巨头如 ABB、GE、西屋电气保持深度合作。 2024 年公司与 ABB 合资成立"江苏威腾 ABB 母线有限公司"，合作覆盖 ABB 低压母线产品在中国的研发、生产和销售，旨在进一步提升母线产品竞争力。 公司深度绑定海外巨头彰显其行业地位，与 ABB 合作后有望进一步提高行业 话语权，抢占市场份额，为出海奠定基础。 率先布局数据中心专用母线，有望受益于 AI 算力发展。公司早在上市 ...

证券研究报告 |首次覆盖报告 gszqdatemark 2025 04 10 年 月 日 | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 1,636 | 2,848 | 3,481 | 4,491 | 5,979 | | 增长率 yoy（%） | 30.5 | 74.0 | 22.2 | 29.0 | 33.1 | | 归母净利润（百万元） | 70 | 120 | 95 | 204 | 309 | | 增长率 yoy（%） | 16.9 | 72.3 | -21.4 | 115.2 | 51.8 | | EPS 最新摊薄（元/股） | 0.37 | 0.64 | 0.50 | 1.09 | 1.65 | | 净资产收益率（%） | 7.7 | 11.7 | 8.6 | 11.2 | 15.2 | | P/E（倍） | 80.0 | 46.4 | 59.1 | 27.5 | 18.1 | | P/B（倍） | 6.1 | 5.4 | 5.1 | 3.1 | ...

本次减持计划实施前，威腾电气集团股份有限公司（以下简称"公司"）股东 江苏威腾投资管理有限公司（以下简称"威腾投资"）持有公司股份 31,800,833 股, 占公司总股本的 16.9471%；公司股东镇江博爱投资有限公司（以下简称"博爱投 资"）持有公司股份 5,000,000 股，占公司总股本的 2.6646%。威腾投资和博爱投 资共同受公司控股股东、实际控制人蒋文功、蒋政达所控制，因此构成一致行动 人。上述股东为公司员工持股平台，其股份来源均为公司首次公开发行股票并上 市前取得的股份，且已于 2024 年 7 月 8 日解除限售并上市流通。 ? 减持计划的实施结果情况 《威腾电气集团股份有限公司股东集中竞价减持股份计划公告》（公告编号： 易方式减持股份数量不超过 333,333 股，占公司总股本比例不超过 0.1776%。 完成的告知函》，截至 2025 年 3 月 27 日，威腾投资减持公司股票 1,167,894 股， 占公司总股本比例为 0.6224%；博爱投资减持公司股票 333,333 股，占公司总股 本比例为 0.1776%。本次减持计划已实施完毕。 | 一、减持主体减持前基本情况 | | ...

股东减持股份结果公告 威腾电气集团股份有限公司 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 证券代码：688226 证券简称：威腾电气 公告编号：2025-018 股东持股的基本情况 本次减持计划实施前，威腾电气集团股份有限公司（以下简称"公司"）股东 江苏威腾投资管理有限公司（以下简称"威腾投资"）持有公司股份 31,800,833 股, 占公司总股本的 16.9471%；公司股东镇江博爱投资有限公司（以下简称"博爱投 资"）持有公司股份 5,000,000 股，占公司总股本的 2.6646%。威腾投资和博爱投 资共同受公司控股股东、实际控制人蒋文功、蒋政达所控制，因此构成一致行动 人。上述股东为公司员工持股平台，其股份来源均为公司首次公开发行股票并上 市前取得的股份，且已于 2024 年 7 月 8 日解除限售并上市流通。 减持计划的实施结果情况 2025 年 2 月 26 日，公司在上海证券交易所网站（www.sse.com.cn）披露了 《威腾电气集团股份有限公司股东集中竞价减持股份 ...

证券代码：688226 证券简称：威腾电气 公告编号：2025-017 威腾电气集团股份有限公司 关于股东权益变动触及 1%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、准确性和完整性依法承担法律责任。 重要内容提示： 本次权益变动不会导致公司控股股东、实际控制人发生变化。 1、蒋文功 | | 姓名 性别 | 蒋文功 男 | | --- | --- | --- | | 信息披露义 务人基本信 | | | | | 国籍 | 中国 | | 息 | 身份证号 | 321124************ | | | 是否取得境 外居留权 | 否 | 本次权益变动属于威腾电气集团股份有限公司（以下简称"公司"）持股 5% 以上股东及其一致行动人履行此前已披露的减持股份计划以及股权激励归 属导致的持股数量及持股比例变化，不触及要约收购。 江苏威腾投资管理有限公司（以下简称"威腾投资"）、镇江博爱投资有限 公司（以下简称"博爱投资"）系公司实际控制人蒋文功、蒋政达控制的企 业，本次权益变动后，公司实际控制人蒋文功、蒋政达及其控制的威腾投资、 博爱投资合计持 ...

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Insights - The company reported a revenue of 3.481 billion yuan for 2024, a year-on-year increase of 22.23%, but a net profit attributable to shareholders of 95 million yuan, a decrease of 21.16% year-on-year [1]. - The company's profitability is under pressure due to intensified competition in the photovoltaic industry and declining prices along the supply chain, particularly in the welding strip segment [1]. - The demand for computing power is expected to rise significantly, with global data center capacity projected to grow from 49 GW in 2023 to 96 GW by 2026, representing a CAGR of 25% [3]. - The company has made significant progress in global expansion, forming partnerships with several overseas firms, including a joint venture with ABB to enhance competitiveness in low-voltage bus products in China [2]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 3.481 billion yuan, with a growth rate of 22.23%. The net profit attributable to shareholders was 95 million yuan, reflecting a decline of 21.16% [1][5]. - Quarterly performance showed a revenue of 736 million yuan in Q4 2024, down 12.40% year-on-year and 17.60% quarter-on-quarter [1]. Market Opportunities - The report highlights that the busway solution is expected to become a mainstream distribution solution in data centers, offering better cost-effectiveness and operational efficiency compared to traditional cable and cabinet solutions [3]. - The company is well-positioned to benefit from the increasing demand for computing power and the rising penetration rate of busway solutions in the market [3]. Future Projections - Revenue projections for 2025 and 2026 are estimated at 4.972 billion yuan and 6.579 billion yuan, respectively, with corresponding net profits of 204 million yuan and 335 million yuan [4][5]. - The report anticipates a recovery in profitability for the welding strip segment as the photovoltaic market stabilizes [4].

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Viewpoints - The company reported a revenue of 3.481 billion yuan for 2024, a year-on-year increase of 22.23%, but a net profit attributable to shareholders of 95 million yuan, a decrease of 21.16% year-on-year, indicating short-term pressure on performance due to intensified competition in the photovoltaic industry and declining prices in the supply chain [1]. - The company has accelerated its globalization efforts by forming partnerships with several overseas firms, including a joint venture with ABB to enhance competitiveness in low-voltage bus products in China [2]. - There is a significant increase in demand for computing power, with global data center capacity expected to grow from 49 GW in 2023 to 96 GW by 2026, leading to a projected compound annual growth rate (CAGR) of 25% from 2023 to 2026 [3]. Summary by Relevant Sections Financial Performance - In 2024, the company achieved a revenue of 3.481 billion yuan, with a growth rate of 22.23%. The net profit attributable to shareholders was 95 million yuan, reflecting a decline of 21.16% year-on-year. The fourth quarter of 2024 saw a revenue of 736 million yuan, down 12.40% year-on-year and 17.60% quarter-on-quarter [1][5]. - Forecasted revenues for 2025 and 2026 are 4.972 billion yuan and 6.579 billion yuan, respectively, with corresponding net profits of 204 million yuan and 335 million yuan [4][5]. Market Opportunities - The report highlights that the busway solution is expected to become the mainstream power distribution solution in data centers due to its advantages over traditional cable and cabinet solutions, including higher cost-effectiveness and lower operational costs [3]. - The company is well-positioned to benefit from the increasing demand for computing power and the rising penetration rate of busway solutions in the market [3]. Strategic Developments - The company has made significant strides in international collaboration, including partnerships with Westinghouse Electric and Japanese firms, which are expected to enhance its market presence in various regions [2]. - The joint venture with ABB aims to leverage both companies' strengths to improve the competitiveness of low-voltage bus products in China [2].

Core Viewpoint - The announcement of share reduction plans by major shareholders of Weiteng Electric (688226.SH) due to personal funding needs indicates potential changes in the company's ownership structure and may impact investor sentiment [1][2]. Shareholder Reduction Plans - Weiteng Investment plans to reduce up to 1,167,894 shares, representing no more than 0.6224% of the total share capital, while Boai Investment intends to reduce up to 333,333 shares, accounting for no more than 0.1776% of the total share capital [1]. - As of the announcement date, Weiteng Investment holds 31,800,833 shares (16.9471% of total shares), and Boai Investment holds 5,000,000 shares (2.6646% of total shares) [1]. Shareholder Control - Both Weiteng Investment and Boai Investment are controlled by the company's actual controllers, Jiang Wengong and Jiang Zhengda, constituting concerted action [2][3]. - Jiang Wengong and Jiang Zhengda hold 42.78% of Weiteng Investment and 76.16% of Boai Investment, indirectly controlling 27.18% and 4.27% of Weiteng Electric's shares, respectively [3][5]. Company Financials - Weiteng Electric's initial public offering (IPO) raised a total of 250 million yuan, with a net amount of 206 million yuan after deducting issuance costs [6]. - The final net fundraising amount was 200 million yuan less than the original plan of 406 million yuan, which was allocated for various projects including smart upgrades and production capacity [7]. - The company reported a revenue of 2.745 billion yuan for the first three quarters of 2024, a year-on-year increase of 36.73%, and a net profit of 109 million yuan, up 28.64% year-on-year [11].

证券代码：688226 证券简称：威腾电气 公告编号：2025-016 威腾电气集团股份有限公司 股东集中竞价减持股份计划公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 股东持股的基本情况 截至本公告披露日，威腾电气集团股份有限公司（以下简称"公司"）股东江 苏威腾投资管理有限公司（以下简称"威腾投资"）持有公司股份 31,800,833 股,占 公司总股本的16.9471%；公司股东镇江博爱投资有限公司（以下简称"博爱投资"） 持有公司股份 5,000,000 股，占公司总股本的 2.6646%。威腾投资和博爱投资共 同受公司控股股东、实际控制人蒋文功、蒋政达所控制，因此构成一致行动人。 上述股东为公司员工持股平台，其股份来源均为公司首次公开发行股票并上市前 取得的股份，且已于 2024 年 7 月 8 日解除限售并上市流通。 集中竞价减持计划的主要内容 公司于近日收到威腾投资、博爱投资两位股东出具的《关于减持计划的告知 函》，因股东自身资金需求，威腾投资拟通过集中竞价交易方式减持股份数 ...