Core Viewpoint - The photovoltaic industry is experiencing significant growth, with multiple companies reporting substantial increases in net profit for 2023, driven by strong demand in sectors such as semiconductors and solar energy materials [1][2][4]. Group 1: Company Performance - Quartz Holdings (石英股份) expects a net profit of 4.75 billion to 5.33 billion yuan for 2023, representing a year-on-year increase of 351.44% to 406.56% [1]. - High Measurement Holdings (高测股份) anticipates a net profit of 1.44 billion to 1.48 billion yuan for 2023, reflecting a year-on-year increase of 82.6% to 87.67% [2]. - Xinbo Holdings (鑫铂股份) projects a net profit of 290 million to 340 million yuan for 2023, indicating a year-on-year growth of 54.23% to 80.83% [4]. Group 2: Industry Drivers - The rapid growth in the photovoltaic sector has led to increased demand for quartz materials, benefiting companies like Quartz Holdings, which has seen significant sales growth in both semiconductor and photovoltaic applications [1]. - High Measurement Holdings attributes its performance to the robust global demand for new photovoltaic installations, leveraging its technological advantages in cutting equipment and materials [2]. - Xinbo Holdings has expanded its production capacity and improved management efficiency, contributing to steady revenue and profit growth in the renewable energy sector [4]. Group 3: Market Trends - The photovoltaic industry is expected to face short-term challenges, including underutilization and price declines, but this may lead to a healthier competitive landscape in the long run [3]. - Companies are focusing on cost reduction and efficiency improvements to mitigate the impact of falling prices, with Xinbo Holdings emphasizing its strategy to maintain stable growth over the next 3 to 5 years [5].

Core Viewpoint - The photovoltaic industry chain is experiencing significant growth, with many listed companies reporting substantial increases in net profits for 2023, driven by a doubling of installed capacity despite challenges such as overcapacity and declining product prices [1][2][3]. Company Performance - 32 listed companies in the photovoltaic industry chain have disclosed their 2023 performance forecasts, with 9 companies expecting a net profit increase of over 100%, led by Zhongxin Bo with an estimated increase of approximately 696.7% [1]. - Micro导纳米 anticipates a revenue of approximately 1.65 billion yuan, a year-on-year increase of 141.05%, and a net profit of about 280 million yuan, reflecting a growth of 417.08% [2]. - Quartz Co. expects a net profit between 4.75 billion yuan and 5.33 billion yuan, a year-on-year increase of 351.44% to 406.56% [2]. - Sunshine Power, a leader in inverters, projects a net profit of 9.3 billion to 10.3 billion yuan, an increase of 157% to 187% [3]. Market Trends - Despite the overall positive outlook, many companies experienced a decline in performance in the fourth quarter, with 24 out of 32 companies reporting a quarter-on-quarter decrease [6]. - TCL Zhonghuan, a leading silicon wafer manufacturer, expects a net profit decline of 29.6% to 38.4%, indicating a potential loss of 1.388 billion to 1.988 billion yuan in Q4 [5]. - The photovoltaic industry is currently facing a phase of overcapacity, leading to price declines and increased competition, particularly affecting the profitability of silicon, battery, and module manufacturers [7][8]. Competitive Landscape - The competition within the photovoltaic industry is intensifying, with falling prices for silicon materials and modules squeezing profit margins [7]. - Companies with technological advantages and cost efficiencies are better positioned to withstand market pressures, while weaker firms may face consolidation or exit risks [8][9]. - The industry is expected to undergo a capacity clearing process, with a focus on innovation and efficiency improvements to enhance competitiveness [9].

Core Viewpoint - The company announced that its stock has maintained a closing price above 130% of the current conversion price for 10 trading days, which may trigger conditional redemption of its convertible bonds [2] Group 1: Stock Performance - The company's stock price has been above 9.58 yuan per share, which is 130% of the current conversion price, for 10 consecutive trading days [2] - If the stock maintains this performance for an additional 20 trading days with at least 5 days above the threshold, it will trigger the conditional redemption clause [2] Group 2: Convertible Bonds - The company has the right to redeem all or part of the unconverted "Gaoce Convertible Bonds" at face value plus accrued interest if the redemption conditions are met [2] - The board of directors will convene on the day the redemption conditions are satisfied to decide whether to exercise the redemption right [2]

Core Viewpoint - Qingdao Gaoce Technology Co., Ltd. may trigger the conditional redemption clause of its convertible bonds if its stock price remains above 130% of the current conversion price for a specified period [1][6]. Convertible Bond Issuance Overview - The company issued 4.833 million convertible bonds at a face value of 100 yuan each, totaling 483.3 million yuan, with a maturity of six years from July 18, 2022, to July 17, 2028 [2]. - The bonds began trading on the Shanghai Stock Exchange on August 12, 2022, under the name "Gaoce Convertible Bonds" and code "118014" [2]. Conversion Price Adjustments - The conversion price has been adjusted multiple times due to various corporate actions: - Adjusted to 60.33 yuan on May 12, 2023 [3] - Adjusted to 60.03 yuan on June 7, 2023 [3] - Adjusted to 59.51 yuan on June 29, 2023 [3] - Adjusted to 58.51 yuan on November 27, 2023 [4] - Adjusted to 36.29 yuan on May 8, 2024 [4] - Adjusted to 36.04 yuan on June 19, 2024 [4] - Adjusted to 35.66 yuan on October 11, 2024 [5] - Adjusted to 10.50 yuan on June 11, 2025 [5] Redemption Clause and Expected Trigger Conditions - The company has the right to redeem the convertible bonds if the stock price remains above 130% of the conversion price for 30 trading days, with at least 15 days meeting this condition [6][7]. - From July 28 to August 8, 2025, if the stock price remains above 9.58 yuan for 10 consecutive trading days, it may trigger the redemption clause [6][8].

| 证券代码：688556 | 证券简称：高测股份 | 公告编号：2025-054 | | --- | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | | 根据《上海证券交易所上市公司自律监管指引第12号——可转换公司债券》 的有关规定，公司可能触发可转换公司债券有条件赎回条款的相关情况公告如下： 一、可转债发行上市概况 （一）公司向不特定对象发行可转换公司债券事项经中国证券监督管理委员 会"证监许可〔2022〕1239号"文同意注册，公司于2022年7月18日向不特定对 象发行了483.3万张可转换公司债券，每张面值100元，发行总额48,330.00万元， 期限为自发行之日起六年，即自2022年7月18日至2028年7月17日。 （二）经上海证券交易所自律监管决定书〔2022〕214号文同意，公司48,330.00 万元可转换公司债券于2022年8月12日起在上海证券交易所挂牌交易，可转债简 称"高测转债"，可转债代码"118014"。 （三）根据有关规定和募集说明书的约定，公司本次发行的"高测转债"自 2023年1月30日起可转换为本公司股份，初始转股价格为84.81元/ ...

金融界消息 截至2025年8月8日收盘，高测股份（688556）报收于12.48元，上涨4.0%，换手率9.49%， 成交量72.61万手，成交金额8.98亿元。 高测股份最新一期业绩显示，截至2025一季报，公司营业总收入6.86亿元、同比减少51.70%，归属净利 润7413.98万元，同比减少135.03%，扣非净利润8030.48万元，同比减少142.94%，流动比率2.300、速动 比率1.968、资产负债率52.30%。 天眼查商业履历信息显示，青岛高测科技股份有限公司，成立于2006年，位于青岛市，是一家以从事专 用设备制造业为主的企业。企业注册资本54674.3918万人民币，实缴资本2900万人民币。公司法定代表 人为张顼。 通过天眼查大数据分析，青岛高测科技股份有限公司共对外投资了13家企业，参与招投标项目74次，知 识产权方面有商标信息62条，专利信息1383条，此外企业还拥有行政许可17个。 来源：金融界 资金流向方面，今日主力资金净流入1.01亿元，占比成交额11.23%。其中，超大单净流入5026.86万 元、占成交额5.6%，大单净流入5052.12万元、占成交额5.63%，中单 ...

| 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 300274 | 阳光电源 | 79.68 | 6.51% | | 301658 | 首航新能 | 34.32 | 3.47% | | 301168 | 通灵股份 | 39.94 | 3.34% | | 688556 | 富测股份 | 12.34 | 2.83% | | 688717 | 艾罗能源 | 59.16 | 2.58% | | 300827 | 上能电气 | 23.72 | 2.51% | | 834770 | 艾能聚 | 19.61 | 2.40% | | 300763 | 锦浪科技 | 59.56 | 2.16% | | 300724 | 捷佳伟创 | 66.79 | 1.89% | | 300776 | 帝尔激光 | 67.69 | 1.87% | 责任编辑：栎树 A股光伏设备股普遍上涨，其中，权重股阳光电源涨6.5%，首航新能、通灵股份涨超3.3%，高测股份涨 近3%，上能电气、艾罗能源涨2.5%，锦浪科技、艾能聚涨超2%。 消息上，中国光伏行业协会日前发布通知称，国家发展改革委、市场 ...

消息上，中国光伏行业协会日前发布通知称，国家发展改革委、市场监管总局研究起草了《价格法修正 草案（征求意见稿）》，并于近期面向社会公开征求意见。 国盛证券杨润思认为，光伏在反内卷的背景之下，产业链价格修复是必然趋势，预计多晶硅价格有望回 归到行业成本价之上，同时供给侧的出清政策也有望跟进出炉。随着多晶硅料价格上涨，建议持续关注 下游产业链硅片、电池片、组件等各环节的价格修复机会和弹性。(格隆汇) A股光伏设备股普遍上涨，其中，权重股阳光电源涨6.5%，首航新能、通灵股份涨超3.3%，高测股份涨 近3%，上能电气、艾罗能源涨2.5%，锦浪科技、艾能聚涨超2%。 | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 300274 | 阳光电源 | 79.68 | 6.51% | | 301658 | 首航新能 | 34.32 | 3.47% | | 301168 | 通灵股份 | 39.94 | 3.34% | | 688556 | 高测股份 | 12.34 | 2.83% | | 688717 | 艾罗能源 | 59.16 | 2.58% | | 30082 ...

Core Viewpoint - Gaoce Co., Ltd. has successfully listed on the A-share Science and Technology Innovation Board, marking a new chapter in the capital market and achieving significant growth through a focus on independent innovation and technology-driven development [1][3]. Group 1: Financial Performance - From 2020 to 2025, Gaoce Co., Ltd. has experienced explosive revenue growth, with a compound annual growth rate (CAGR) of 56.5% [3]. - The company has committed to annual cash dividends, with a total of 925 million yuan distributed to investors from 2020 to 2025, reflecting strong profitability [8]. Group 2: Research and Development - The period from 2020 to 2025 is characterized by continuous innovation, with Gaoce Co., Ltd. focusing on R&D as a driving force and efficiently implementing projects to enhance resilience in the industry cycle [9]. - The company has expanded its R&D capabilities, including the establishment of a research center and the launch of several production projects, such as the 320 million kilometers of diamond wire capacity and various silicon wafer processing capacities [9][12][14][16][18]. Group 3: Technological Advancements - Gaoce Co., Ltd. is committed to building a platform-based technology system in key areas such as precision cutting, grinding, and electroplating chemistry, transitioning from single-point breakthroughs to platform reuse [20]. - The company has made significant strides in the precision cutting sector with diamond wire cutting technology and is advancing in the precision grinding field with integrated solutions for semiconductor applications [20]. Group 4: Intellectual Property - As of June 30, 2025, Gaoce Co., Ltd. holds 947 valid patents and 99 software copyrights, representing a nearly fourfold increase in valid patents since its listing [24]. Group 5: Strategic Development - The period from 2020 to 2025 is marked by strategic evolution, with the company expanding horizontally and deepening vertically to achieve cross-material and cross-industry capability reuse [26]. - Gaoce Co., Ltd. aims to continue enhancing its R&D investment and technical innovation capabilities, solidifying its platform technology foundation and pursuing internationalization [28].

Market Performance - The photovoltaic equipment sector rose by 0.38% on August 6, with Gaoce Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Stock Highlights - Gaoce Co., Ltd. (688556) closed at 12.24, up 7.84% with a trading volume of 992,500 shares and a turnover of 1.209 billion yuan [1] - Tongling Co., Ltd. (301168) closed at 39.46, up 5.51% with a trading volume of 37,600 shares and a turnover of 145 million yuan [1] - Other notable stocks include ST (603398) at 5.44 (+4.82%), Jinheng Materials (688503) at 49.00 (+4.08%), and Yangguang Electric (300274) at 76.90 (+1.98%) [1] Fund Flow Analysis - The photovoltaic equipment sector experienced a net outflow of 307 million yuan from institutional investors, while retail investors saw a net inflow of 240 million yuan [3][4] - Notable net inflows from retail investors include Yangguang Electric with 210 million yuan, while institutional investors had a net outflow of 22.37 million yuan [4] ETF Information - The Huaxia Sci-Tech 100 ETF (product code: 588800) tracks the Shanghai Stock Exchange Sci-Tech 100 Index and has seen a recent increase in shares by 12.5 million, with a net inflow of 11.169 million yuan [6]