科威尔(688551.SH)公告，公司股东京坤投资、合涂投资计划减持其所持有的公司股份数量合计不超过 196.88万股，占公司总股本的比例不超过2.34%。 ...

智通财经APP讯，科威尔(688551.SH)公告，公司股东京坤投资、合涂投资计划减持其所持有的公司股 份数量合计不超过196.88万股，占公司总股本的比例不超过2.34%。 ...

Core Viewpoint - The company is holding its third extraordinary general meeting of shareholders in 2025 to discuss the completion of a project funded by excess raised capital and the permanent allocation of surplus funds to working capital [1][6]. Group 1: Meeting Details - The meeting is scheduled for September 9, 2025, at 14:30, located at the company's headquarters in Hefei [5]. - The meeting will combine on-site and online voting methods, with specific time slots for online voting on the same day [5]. - Shareholders must register to verify their qualifications before the meeting starts, and the registration will close once the meeting begins [2][5]. Group 2: Agenda and Proposals - The main agenda includes the proposal regarding the completion of the semiconductor industry park project and the allocation of surplus funds [6][8]. - The project has completed its main construction and acceptance work, and the company has decided to conclude it [6]. - As of July 31, 2025, the company has provided details on the usage and surplus of the raised funds, indicating the total investment and expected surplus amounts [6][7]. Group 3: Voting and Procedures - The voting will be conducted through a named ballot system, and any improperly filled ballots will be considered as abstentions [3]. - Two shareholder representatives will be appointed to oversee the counting and monitoring of votes during the meeting [3]. - The company will not distribute gifts to attendees to maintain fairness among all shareholders [3].

科威尔技术股份有限公司 2025 年第三次临时股东会 会议材料 股票简称：科威尔 股票代码：688551 2025 年 9 月 | 2025 年第三次临时股东会会议须知 . | | --- | | 2025 年第三次临时股东会会议议程 . | | 议案一:关于超募资金投资项目结项并将节余募集资金永久补充流动资金的议案 | 科威尔技术股份有限公司 2025 年第三次临时股东会 科威尔技术股份有限公司 2025 年第三次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议的顺利进行，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》及 《科威尔技术股份有限公司章程》（以下简称"《公司章程》"）的规定，认真做 好召开股东会的各项工作，特制定本须知： 一、本次股东会期间，全体参会人员应以维护股东的合法权益，确保会议的 正常秩序和议事效率为原则，自觉履行法定义务。 二、为保证本次股东会的严肃性和正常秩序，除出席会议的公司股东及股东 代理人、董事、高级管理人员、公司聘任律师及中介机构外，公司有权依法拒绝 ...

Market Overview - The other power equipment sector declined by 1.01% on August 29, with Kewell leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Notable gainers in the other power equipment sector included: - Hailan Sichuang (688411) with a closing price of 127.77, up 13.98% on a trading volume of 41,300 shares and a transaction value of 517 million [1] - Youyou Green Energy (301590) closed at 185.14, up 7.51% with a transaction value of 516 million [1] - Tonghe Technology (300491) closed at 38.64, up 5.86% with a transaction value of 1.22 billion [1] - Kewell (688551) led the decliners, closing at 42.76, down 4.74% with a trading volume of 37,300 shares [2] Capital Flow - The other power equipment sector experienced a net outflow of 1.294 billion from institutional investors, while retail investors saw a net inflow of 1.062 billion [2] - The capital flow for specific stocks showed: - New Ray Energy (300593) had a net inflow of 108 million from institutional investors but a net outflow from retail investors [3] - Tonghe Technology (300491) had a net inflow of 62 million from institutional investors but a significant outflow from retail investors [3]

Core Viewpoint - The article highlights the 2025 TrendBank Green Hydrogen Industry Conference held in Wuxi, Jiangsu, focusing on recognizing and awarding companies that contribute to the advancement of the green hydrogen industry in China [3][14]. Awards Summary - The conference awarded several key prizes, including: - 2025 Green Hydrogen Industry Pioneer Award - 2025 Green Hydrogen Market Leadership Award - 2025 Green Hydrogen Potential New Star Award - 2025 Green Hydrogen Application Demonstration Award - 2025 Green Hydrogen Technology Breakthrough Award [5][11]. Award Winners - **2025 Green Hydrogen Industry Pioneer Award** winners include: - Sichuan Yalian Hydrogen Energy Technology Co., Ltd. - Qihydrogen (Shanghai) New Energy Technology Co., Ltd. - Shenzhen Hewei Electric Co., Ltd. - Jiangsu Shuangliang Hydrogen Energy Technology Co., Ltd. - Ningbo Zhongke Hydrogen Easy Membrane Technology Co., Ltd. [7]. - **2025 Green Hydrogen Market Leadership Award** winners include: - China Shipbuilding (Handan) Pairui Hydrogen Energy Technology Co., Ltd. - Shandong Saikesaisi Hydrogen Energy Co., Ltd. - SANY Hydrogen Energy Co., Ltd. - Jiangsu Hydrogen Guide Intelligent Equipment Co., Ltd. [9]. - **2025 Green Hydrogen Potential New Star Award** winners include: - Wuxi Tianrong New Energy Technology Co., Ltd. - Suzhou Zhiqing Boci Technology Co., Ltd. [10]. - **2025 Green Hydrogen Application Demonstration Award** winners include: - China Materials Technology (Suzhou) Co., Ltd. - Changchun Green Motion Hydrogen Energy Technology Co., Ltd. [11]. - **2025 Green Hydrogen Technology Breakthrough Award** winners include: - Zhejiang Haiyan Liyuan Environmental Protection Technology Co., Ltd. - Wuxi Weifu High Technology Group Co., Ltd. [11].

Core Viewpoint - Kewell Technology Co., Ltd. has obtained a patent for a semiconductor power module testing fixture, indicating its ongoing innovation in specialized equipment manufacturing [1] Company Overview - Kewell Technology Co., Ltd. was established in 2011 and is located in Hefei City, primarily engaged in the specialized equipment manufacturing industry [1] - The company has a registered capital of 84.070709 million RMB [1] - Kewell has made investments in 4 companies and participated in 319 bidding projects [1] Intellectual Property - The newly granted patent, CN223272631U, was applied for on August 2024 and pertains to a fixture for testing semiconductor power modules [1] - The patent includes a fixture framework, conductive blocks, a PCB, and probes, showcasing the company's technical capabilities [1] - Kewell holds a total of 565 patent records, along with 34 trademark records and 12 administrative licenses [1]

Core Insights - The other power equipment sector experienced a decline of 1.18% on August 26, with Youyou Green Energy leading the drop [1][2] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance Summary - Notable gainers in the other power equipment sector included: - Zhongheng Electric (002364) with a closing price of 25.80, up 10.02% [1] - Koweier (688551) at 43.21, up 5.06% [1] - Maigemit (002851) at 78.21, up 3.99% [1] - Major decliners included: - Youyou Green Energy (301590) at 174.12, down 7.31% [2] - Oulu Tong (300870) at 249.88, down 5.35% [2] - Keda (002518) at 34.00, down 4.49% [2] Capital Flow Analysis - The other power equipment sector saw a net outflow of 312 million yuan from institutional investors, while retail investors had a net inflow of 632 million yuan [2][3] - Specific stock capital flows included: - Maigemit (002851) with a net inflow of 568 million yuan from institutional investors [3] - Zhongheng Electric (002364) with a net inflow of 491 million yuan from institutional investors [3] - Koweier (688551) with a net inflow of 178 million yuan from institutional investors [3]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, with expectations for gradual recovery in certain business segments, particularly in AI power testing equipment [1][4]. Financial Performance - In 1H25, the company generated revenue of 224 million yuan, a year-on-year decrease of 11.62%, and a net profit attributable to shareholders of 31 million yuan, down 25.90% year-on-year [1]. - For 2Q25, revenue was 117 million yuan, reflecting a year-on-year decline of 17.83% but a quarter-on-quarter increase of 9.67%. The net profit for the same quarter was 11 million yuan, down 54.91% year-on-year and 47.96% quarter-on-quarter [1]. Business Trends - The testing power business showed stable revenue of 199 million yuan in 1H25, with no significant change year-on-year due to increased product sales but intensified competition leading to price declines [2]. - The semiconductor sales experienced a recovery, with 1H25 revenue of 15 million yuan, a 90% year-on-year increase [2]. - The hydrogen energy business saw a significant decline, with 1H25 revenue of 8 million yuan, down 82% year-on-year, attributed to losses across the industry and limited new orders due to financing difficulties and insufficient government subsidies [2]. - The company is expanding into AI server power testing equipment, with a projected market space exceeding 2 billion yuan in 2025, indicating substantial growth potential [2]. Profitability and Cost Structure - The gross margin improved in 2Q25 to 44.4%, an increase of 6.8 percentage points, primarily due to reduced price competition [3]. - The expense ratios for sales, management, R&D, and finance were relatively stable in 2Q25, with slight fluctuations [3]. - The net profit margin for 2Q25 was 9.0%, a decrease of 10.0 percentage points, mainly due to significant non-recurring gains in 1Q25 [3]. Profit Forecast and Valuation - The company maintains net profit forecasts of 109 million yuan for 2025 and 170 million yuan for 2026 [4]. - The current stock price corresponds to a price-to-earnings ratio of 31.6 for 2025 and 20.3 for 2026. The target price has been raised by 67% to 50 yuan, reflecting an upside potential of 21.6% from the current stock price [4].

Company Announcements - Tonglin Co., Ltd. has no business related to graphene industry [1] - Hemei Group plans to invest in the construction of the Qinyuan Qiaolonggou Comprehensive Energy Island Project [1] - Huayi Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange [1] - Wencheng International has won the core smart warehouse operation service project for a well-known cross-border e-commerce platform in East China [1] - Xingfa Group intends to acquire 50% equity of Qiaogou Mining for 855 million yuan [1] - Koweil has completed the repurchase of 1.1788% of its shares [1] - Tianfu Communication reported a net profit of 899 million yuan in the first half of the year and plans to distribute 5 yuan per 10 shares [1] - Huayang Lianzhong's controlling shareholder, Xiangjiang Group, plans to increase its stake by 1% to 2% [1][2] - Hengsheng Electronics' director Jiang Jiansheng plans to reduce his stake by no more than 0.42% [1][2] - Tanshijia plans to raise no more than 1.93 billion yuan through a private placement to its actual controller Li Ming and his controlled enterprise Tongyu Huying [1][2] - Jingu Co., Ltd. has received a notification for the low-carbon wheel project from Avatar [1][2] Performance Highlights - Tianfu Communication reported a net profit of 899 million yuan in the first half of the year [1] - Hisense Visual reported a net profit of 1.056 billion yuan in the first half of the year, representing a year-on-year increase of 26.63% [1]