Core Viewpoint - The company has repurchased a total of 2.0411 million shares, representing 1.45% of its total share capital of 141 million shares, with a total expenditure of approximately RMB 44.9933 million [1] Summary by Relevant Sections - **Share Repurchase Details** - The company conducted the share repurchase through the Shanghai Stock Exchange trading system using a centralized bidding method [1] - The highest price for the repurchased shares was RMB 22.9 per share, while the lowest price was RMB 20.7 per share [1] - The total amount paid for the repurchase was RMB 44.9933 million, excluding stamp duty and transaction commissions [1]

格隆汇8月4日丨新风光(688663.SH)公布，截至2025年7月31日，公司通过上海证券交易所交易系统以集 中竞价交易方式累计回购公司股份2,041,139股，占公司总股本的比例为1.45%，回购成交的最高价为 22.90元/股，最低价为20.70元/股，支付的资金总额为人民币44,993,341.87元（不含印花税、交易佣金等 交易费用）。 ...

特此公告。 新风光电子科技股份有限公司董事会 2025 年 8 月 2 日 附件：职工董事简历 何昭成，男，1978 年 12 月出生，大专学历。1999 年 6 月至 2002 年 3 月， 任山东省汶上县无线电厂试验站站长；2002 年 4 月至 2004 年 7 月，历任山东风 光电子质检科副科长、试验站站长；2004 年 8 月至 2015 年 2 月，历任新风光车 间主任、采购部部长、SVG 事业部副经理；2015 年 3 月至 2018 年 3 月，历任 新风光市场部部长、技术支持部部长、生产总监；2018 年 4 月至 2022 年 12 月 任公司副总经理；2023 年 1 月至 2024 年 4 月任公司董事、副总经理；现任公司 党委委员、纪委书记、董事、工会主席。 证券代码：688663 证券简称：新风光 公告编号：2025-044 新风光电子科技股份有限公司 关于选举第四届董事会职工代表董事的公告 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。 新风光电子科技股份有限公司（以下简称"公司"）于 202 ...

证券之星消息，7月30日电网设备板块较上一交易日下跌0.63%，金龙羽领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。电网设备板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603530 神马电力 | | 4756.23万 | 25.14% | -2352.03万 | -12.43% | -2404.19万 | -12.71% | | 002276 万马股份 | | 3874.17万 | 6.34% | -1455.50万 | -2.38% | -2418.67万 | -3.96% | | 601877 | 正泰电器 | 1952.10万 | 7.39% | -6.91万 | -0.03% | -1945.19万 | -7.36% | | 603333 | 尚纬股份 | 1842.22万 | 10.19% | -929.62万 | - ...

Group 1 - Mitsubishi Motors has completely exited the automotive production business in China, terminating its joint venture with Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., citing a shift towards electrification in the Chinese automotive industry [2] - WeChat has introduced a feature allowing creators to thank users for likes and recommendations on their public accounts, enhancing user interaction [2] - Amazon Web Services (AWS) has confirmed the dissolution of its Shanghai AI Research Institute, stating it is part of a personnel streamlining process following a strategic evaluation [2] Group 2 - Pop Mart is suing 7-Eleven in the U.S. for selling counterfeit LABUBU toys, with the fakes priced similarly to the originals [5] - Yingshi Innovation has announced its entry into the drone market, planning to launch its own brand of drones and evaluate investment opportunities within the industry [5] - JD.com has received over 20,000 applications for its "Dish Partner" program, which allows various chefs and brands to participate in a quality dining platform [7] Group 3 - Taobao Flash has officially denied rumors regarding an internal expert interview, labeling the information as fabricated and urging caution among industry researchers and investors [7] - Li Auto has completed a 60-day payment term adjustment for its direct suppliers, enhancing cash flow management [7] - 360 Company plans to launch two AI hardware products, including AI glasses, in response to market feedback [7] Group 4 - The 2025 Fortune China 500 list has been released, with notable rankings for major internet companies: JD.com at 11th, Alibaba at 18th, Tencent at 32nd, Pinduoduo at 70th, and Meituan at 80th [7] - Volvo is reforming its dealer management processes and introducing a "one-price" model to enhance consumer service focus [8] - Apple is likely to receive EU antitrust approval for its App Store rule changes, avoiding potential hefty fines [8] Group 5 - Elon Musk's xAI is seeking to raise up to $12 billion for acquiring advanced Nvidia chips and establishing data centers for its AI chatbot Grok [8] - Coca-Cola plans to launch a new product made with cane sugar in the U.S. this fall, expanding its product line [10] - Bosch is planning to cut up to 1,100 jobs at its Reutlingen plant due to declining sales in the automotive sector [10] Group 6 - The Chinese smartphone market saw a decline in shipments for Q2 2025, with Huawei regaining the top position after four years with an 18.1% market share [15] - China's mobile internet traffic grew by 16.4% year-on-year in the first half of the year, with telecom revenue reaching 905.5 billion yuan [16]

Core Viewpoint - As of April 30, 2024, a total of 2,462 A-share listed companies in China have published their sustainable development reports, with a notable focus on tax compliance management practices within these reports [1][3]. Group 1: Implementation of Sustainable Development Reporting - The "Guidelines for Sustainable Development Reporting of Listed Companies" came into effect on May 1, 2024, marking a new phase in the standardized disclosure of sustainable information [3]. - Companies included in major indices must disclose their 2025 sustainable development reports by April 30, 2026, while other companies are encouraged to voluntarily adopt these guidelines [3]. Group 2: Tax Compliance Commitments - Listed companies contributed a total of 4.54 trillion yuan in taxes in 2024, accounting for 25.96% of the national tax revenue, with many companies making commitments to comply with tax laws in their reports [3][5]. - Baoshan Iron & Steel Co., Ltd. outlined seven commitments regarding tax compliance, emphasizing adherence to local tax laws and transparent relationships with government entities [4]. Group 3: Tax Management Practices - Zhejiang Lino Fluid Control Technology Co., Ltd. highlighted its tax management procedures and commitment to tax compliance, reflecting the growing importance of tax issues among stakeholders [6]. - New Wind Technology Co., Ltd. adapted its internal tax management processes to align with business model changes and conducted employee training to enhance tax awareness [7]. Group 4: Digitalization and Risk Management - ZTE Corporation has established a global tax compliance committee to oversee tax governance and ensure compliance, reflecting a trend towards digitalization in tax management [9]. - Tianma Microelectronics Co., Ltd. developed a tax risk control system to monitor and manage tax risks proactively, shifting from reactive to preventive measures [10].

Core Insights - Insta360 has signed an agreement to establish its East China regional headquarters in Suzhou, Kunshan, focusing on the incubation and implementation of new business segments related to smart imaging and innovative product development [1] Group 1: Strategic Developments - The establishment of the headquarters aims to accelerate the gathering of upstream and downstream elements of the industry chain [1] - Insta360 has partnered with Nanjing University and the Suzhou municipal government to promote the establishment of a joint innovation laboratory, leveraging local resources and research capabilities [1] Group 2: Research and Development Focus - The collaboration will focus on AI vision and image processing, emphasizing the application and transformation of core capabilities such as AI image processing and anti-shake technology [1] - The initiative aims to create significant innovative outcomes by combining Insta360's technological advantages with Nanjing University's research strengths [1]

Investment Rating - The report maintains a positive outlook on the controllable nuclear fusion industry, particularly during the "14th Five-Year Plan" period, suggesting a focus on the expansion of capital expenditures and the associated opportunities in the power supply systems for FRC and Z-pinch devices [2]. Core Insights - The power supply is deemed the "lifeline" of controllable nuclear fusion devices, with a significant value contribution. The report highlights that the power supply systems for nuclear fusion devices require high capacity (around 100MW), high voltage (up to 1MV), and high current (up to 100kA), with low ripple (1%-2%), indicating a higher complexity compared to traditional industrial power supplies [4][18]. - The report emphasizes the expected release of multiple orders due to the expansion of capital expenditures in the controllable nuclear fusion sector, driven by the construction of Tokamak and Z-pinch devices, as well as the commercial development of FRC devices [4][21]. Summary by Sections Section 1: Power Supply as the Lifeline of Controllable Nuclear Fusion Devices - The report categorizes nuclear fusion technology into magnetic confinement, inertial confinement, and magneto-inertial confinement, with Tokamak being the mainstream approach [12][14]. - The power supply system is identified as a core component of nuclear fusion devices, with a high value contribution, particularly in Tokamak systems where the power supply accounts for approximately 15% of the total value [18][23]. Section 2: Tokamak Requires Long Pulse Operation, Core is Pulse Power Supply - The Tokamak pulse power supply consists of magnet power supply, auxiliary heating power supply, and reactive power compensation systems, which are critical for plasma formation and maintenance [27]. - The report details the technical requirements for the magnet power supply, including high current, low ripple, and fast response times, indicating significant technical barriers [30][37]. Section 3: High Value Contribution of FRC and Z-Pinch Power Supply, Focus on Core Components - The FRC device is noted for its simplicity and lower costs, with expectations for early commercialization, while the Z-pinch approach has a high value contribution from its driver components [4][21]. - The report highlights the importance of fast control switches and pulse capacitors in the power supply for both FRC and Z-pinch devices, indicating a growing market opportunity [4][21]. Section 4: Investment Recommendations - Specific companies are highlighted for their potential in the nuclear fusion power supply market, including Xuguang Electronics, Wangzi New Materials, Guoli Co., and others, which are positioned to benefit from the expanding demand in this sector [4][22].

Core Points - The company has completed the cancellation of certain fundraising special accounts as the projects funded by the initial public offering have been concluded and surplus funds will be permanently used to supplement working capital [1][3] Fundraising Overview - The company raised a total of RMB 506.66 million through the issuance of 34,990,000 shares at a price of RMB 14.48 per share, with a net amount of RMB 443.29 million after deducting issuance costs of RMB 63.36 million [1] - The funds were deposited in special accounts established in compliance with regulations to ensure proper management and protection of investor rights [2] Fund Management and Account Cancellation - The company established a fundraising management system to regulate the storage, use, and changes in the direction of the funds, ensuring that the funds are used specifically for their intended purposes [2] - As of the announcement date, the company had opened five fundraising special accounts with various banks, which have now all been canceled following the completion of the relevant projects [3]

证券代码：688663 证券简称：新风光 公告编号：2025-043 新风光电子科技股份有限公司 关于部分募集资金专户销户完成的公告 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。 资金专户开户银行中国农业银行股份有限公司汶上县支行、中国建设银行股份有限公 司汶上支行、中国工商银行股份有限公司汶上支行、济宁银行股份有限公司汶上支行、 招商银行股份有限公司济宁分行签订《募集资金三方监管协议》。 | 序号 | 开户主体 | 开户银行 | 募集资金专户账号 | 账户状态 | | --- | --- | --- | --- | --- | | 1 | 新风光电子科技股 | 济宁银行股份有限 | 815012301421042738 | 已注销 | | | 份有限公司 | 公司汶上支行 | | | | 2 | 新风光电子科技股 | 中国工商银行股份 | 1608004729088899986 | 本次注销 | | | 份有限公司 | 有限公司汶上支行 | | | | 3 | 新风光电子科技股 份有限公司 | 中国建设银行股份 有限公 ...