证券代码：688663 证券简称：新风光 公告编号：2025-062 新风光电子科技股份有限公司 关于独立董事任期届满离任暨补选独立董事并调整 董事会专门委员会委员的公告 为保证公司董事会的正常运作，根据《公司法》《中华人民共和国证券法》 《上市公司独立董事管理办法》等相关法律法规及《公司章程》的相关规定，经 公司第四届董事会提名委员会提议并进行资格审查，且公司已于 2025 年 12 月 19 日召开第四届董事会第十二次会议,审议通过《关于独立董事任期届满离任暨 补选独立董事的议案》，同意公司董事会提名李奇凤女士为公司第四届董事会独 立董事候选人（简历详见附件），任期自股东会审议通过之日起至第四届董事会 届满之日止。 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、准确性和完整性承担法律责任。 一、独立董事任期届满离任情况 新风光电子科技股份有限公司（以下简称"公司"）董事会于近日收到公司 独立董事李田先生的书面辞职报告。李田先生自 2019 年 12 月 23 日起担任公司 独立董事，连续任职时间将满 6 年。根据《上市公司独立董事管理办法》等相关 规 ...

证券代码：688663 证券简称：新风光 公告编号：2025-060 新风光电子科技股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2026年第一次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2026 年 1 月 6 日 14 点 30 分 召开地点：山东省汶上县经济开发区金成路中段路北，新风光电子科技股份 有限公司办公楼二楼会议中心亚洲厅 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 1 月 6 日 至2026 年 1 月 6 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东会召开日期：2026年1月6日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票 ...

1 综上所述,董事会薪酬与考核委员会同意本次符合条件的 21 名预留授予激 励对象办理归属事宜,对应本次归属的限制性股票数量为 9. 207 万股。上述事项 符合相关法律、法规及规范性文件所规定的条件,不存在损害公司及股东利益的 情形。 新风光属 科技设计在 新风光电子科技股份有限公司董事会薪酬与考核委员会 关于公司 2022年限制性股票激励计划预留授予部分第二个归属期 归属名单的核查意见 新风光电子科技股份有限公司(以下简称"公司")董事会薪酬与考核委员 会依据《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》")、《上市公司股权激励管理办法》(以下简称"《管 理办法》")、《上海证券交易所科创板股票上市规则》(以下简称"《上市规则》")、 《国有控股上市公司(境内)实施股权激励试行办法》(以下简称"《175 号文》" 或"《试行办法》")、《关于规范国有控股上市公司实施股权激励制度有关问题的 通知》(以下简称"《171 号文》")、《科创板上市公司自律监管指南第 4 号 -- 股 权激励信息披露》等相关法律、行政法规、规范性文件及《公司章程》的有关规 定, ...

Summary of Key Points Core Viewpoint - As of December 18, the margin financing and securities lending balance in the Shanghai and Shenzhen markets decreased to 24,916.5 billion yuan, reflecting a reduction of 34.69 billion yuan from the previous trading day [1]. Group 1: Market Overview - The financing balance stands at 24,748.41 billion yuan, down by 33.13 billion yuan compared to the previous trading day [1]. - The Shanghai market's margin balance is 12,666.44 billion yuan, decreasing by 43.7 billion yuan, while the Shenzhen market's balance is 12,250.06 billion yuan, increasing by 9.01 billion yuan [1]. Group 2: Stock Performance - A total of 1,604 stocks experienced net buying of margin funds, with 60 stocks having net buying amounts exceeding 10% of their total trading volume [3]. - The top three stocks by net buying ratio are: - Hotway Co., Ltd. (24.35%) - Xinhongye (23.16%) - Saitex New Materials (23.13%) [4][5]. Group 3: Significant Net Buying Stocks - There are 29 stocks with net buying amounts exceeding 100 million yuan, with the top three being: - Xinyi Sheng (609 million yuan) - China Ping An (516 million yuan) - China Satellite (278 million yuan) [7].

Market Overview - On December 16, the Shandong state-owned enterprise reform sector fell by 1.32% compared to the previous trading day, with Baoding Technology leading the decline [1] - The Shanghai Composite Index closed at 3824.81, down 1.11%, while the Shenzhen Component Index closed at 12914.67, down 1.51% [1] Stock Performance - Notable gainers in the Shandong state-owned enterprise reform sector included: - Dongjie Intelligent (300486) with a closing price of 21.59, up 9.59% and a trading volume of 352,000 shares, totaling 734 million yuan [1] - Aokema (600336) closed at 8.79, up 3.66% with a trading volume of 628,400 shares, totaling 553 million yuan [1] - Tongda Co. (300321) closed at 43.19, up 2.91% with a trading volume of 30,600 shares, totaling 130 million yuan [1] - Conversely, Baoding Technology (002552) led the declines with a closing price of 15.98, down 5.94% and a trading volume of 90,800 shares, totaling 147 million yuan [2] - Other significant decliners included: - Xingri Co. (002083) down 5.22% to 10.71 with a trading volume of 1,345,500 shares [2] - Qingdao Double Star (000599) down 4.93% to 5.98 with a trading volume of 296,700 shares [2] Capital Flow - On the same day, the Shandong state-owned enterprise reform sector experienced a net outflow of 1.044 billion yuan from institutional investors, while retail investors saw a net inflow of 796 million yuan [2] - The capital flow for specific stocks showed: - Wanhua Chemical (600309) had a net inflow of 1.05 billion yuan from institutional investors, but a net outflow of 94.08 million yuan from retail investors [3] - Dongjie Intelligent (300486) saw a net inflow of 81.92 million yuan from institutional investors, with a net outflow of 69.01 million yuan from retail investors [3]

证券日报网讯 12月12日，新风光在互动平台回答投资者提问时表示，截至2025年12月10日，公司股东 人数为6702户。 （文章来源：证券日报） ...

Core Insights - The launch of the Antigravity A1, the world's first panoramic drone, achieved sales exceeding 30 million yuan within 48 hours, highlighting its strong market entry amidst a slowing consumer drone market [1] - The global consumer drone market is projected to reach $4.27 billion in 2024, with a year-on-year growth of 7%, indicating a shift from double-digit growth to a more moderate pace [1] Product Differentiation - The panoramic drone integrates a 360° camera with a drone platform, offering an immersive "what you see is what you get" aerial photography experience, which differentiates it from traditional drones [2][4] - Key features of the panoramic drone include intuitive motion control, real-time perspective adjustment through head movement, and a low learning curve, making it accessible to new users [4][5] Market Dynamics - The traditional drone market is highly segmented, with established players like DJI focusing on diverse product lines, while the introduction of the panoramic drone may create new market opportunities [8][9] - The panoramic drone targets users who are deterred by the complexity of traditional drones, potentially activating an untapped middle market [11][12] Innovation and Future Potential - The panoramic drone represents a shift from traditional drone capabilities to a "panoramic perception platform," suggesting broader applications in fields like security, emergency response, and live event broadcasting [15][16] - The integration of VR/AR technologies with the panoramic drone could enhance content creation and user engagement, potentially accelerating the adoption of VR applications [16][18] Sales and Market Projections - Initial sales data indicates that the panoramic drone could achieve a shipment scale of approximately one million units if demand for panoramic features is significant [12] - The pricing strategy for the A1, starting at 6,799 yuan, reflects the higher costs associated with its advanced technology, including VR glasses and high-end components [7]

Core Viewpoint - The release of the Yingling A1 drone by Yingshi has faced significant criticism and skepticism regarding its sales performance, leading to a notable decline in the company's stock price following the launch [1][2][4]. Group 1: Product Launch and Market Response - Yingshi launched the Yingling A1, the world's first 8K panoramic drone, with a starting price of 7,999 yuan, which can be reduced to 6,799 yuan with government subsidies [1]. - Following the launch, Yingshi's stock price fell over 6% the next day, accumulating a decline of more than 8% by December 9, attributed to concerns over disappointing sales figures [1][2]. - In the first three days post-launch, the Yingling sold over 1,500 units, generating approximately 10 million yuan in revenue, which is significantly below the company's annual sales target of 300,000 units [6][9]. Group 2: Competitive Landscape - The ongoing competition between Yingshi and DJI has intensified, particularly with DJI's recent entry into the panoramic camera market and aggressive pricing strategies [2][10]. - Yingshi's internal communications suggest that the company is facing external pressures from industry giants, with claims of supply chain disruptions and negative media coverage impacting their sales [2][8]. - Despite the challenges, Yingshi reported that the Yingling sold over 500 units in its first week, outperforming DJI's Neo 2 model, which sold only 100 units [2]. Group 3: Financial Performance and Strategic Direction - Yingshi's revenue from consumer imaging products was 3.159 billion yuan in the first half of the year, accounting for 86.06% of total revenue, with panoramic cameras being the main product line [8]. - The company has invested heavily in research and development, with R&D expenses reaching 524 million yuan in Q3, a year-on-year increase of 164.81%, representing 17.81% of total revenue [11]. - Yingshi's management emphasizes the importance of these investments for long-term growth, despite a reported decline in net profit of 5.95% year-on-year [11].

Summary of New Fengguang's Conference Call Industry and Company Overview - New Fengguang is a long-established power electronics company primarily engaged in the research and production of power quality management and high-voltage variable frequency drives. The company ranks among the top three in the domestic market for Static Var Generators (SVG) [3][4] - The company is actively expanding its energy storage business, utilizing high-voltage cascade technology, which is employed by only a few companies in the market [3] Key Points and Arguments Market Expansion and Performance - New Fengguang is focusing on expanding its market within the State Grid, expecting to achieve breakthroughs in 2025, which will contribute to stable performance growth [2][4] - The company anticipates its energy storage business to reach 2-3 GW by 2025, with projected revenue exceeding 1 billion yuan in 2026 [2][5] - In the first half of 2025, the company reported a 50% increase in order volume and a 30% increase in shipment volume, although revenue and profit growth slowed due to grid connection and debugging issues [8] Financial Impact and Challenges - The immediate procurement model for battery supplies significantly impacts New Fengguang's financials, leading to a 35% year-on-year decrease in confirmed revenue for the first three quarters of 2025 [10][11] - The company experienced a net profit decline of 33.46% due to rising battery prices and short supply cycles [2][10] Technological Developments - New Fengguang has been involved in nuclear fusion projects for over 20 years, currently participating in several key projects, including the Jiangxi Spark 1 project, with expectations for progress in 2026 [6] - The SST product is set to launch in late Q1 or early Q2 of 2026, with increasing demand in data center applications and collaborations with major companies like Inspur and Century Internet [7][17] Future Outlook - The company is optimistic about the domestic energy storage market, particularly in large storage systems, and plans to double its growth annually [13] - New Fengguang's SVG business is expected to see overseas revenue growth of 200-300 million yuan by 2026, with plans to enter markets in India, South Africa, and Europe [15] Additional Important Information - The company is focusing on profitable projects in its energy storage collaborations due to rising battery costs [4][12] - New Fengguang's projects are primarily concentrated in Shandong and other regions, with a balanced distribution [9] - The high-voltage cascade technology is gaining market acceptance, particularly in industries like coal mining, chemicals, and steel, driven by national policies to increase green energy ratios [14][19] - The SST product's development is supported by collaborations with research institutions and other companies, aiming to address technical challenges and enhance market readiness [17][18]

Core Insights - The launch of the Antigravity A1, the world's first panoramic drone by the company, has generated significant sales, with over 30 million yuan in sales within two days in China, despite rumors of a lukewarm market response [1] - The company emphasizes the revolutionary nature of panoramic drones compared to traditional drones, aligning with its mission to help people better record and share life [2] - The company reported a revenue of 6.611 billion yuan for the first three quarters, a year-on-year increase of 67.18%, while net profit decreased by 5.95% due to increased R&D investments [2] Company Performance - The Antigravity A1 features a dual-lens panoramic imaging system and advanced stitching technology, showcasing the company's commitment to innovation [1] - The company faced supply chain challenges before the product launch but successfully navigated these issues, indicating resilience and adaptability [1] - R&D expenses reached 524 million yuan in Q3, a 164.81% increase, reflecting the company's strategic focus on technology and diversification [2] Market Outlook - The Chinese consumer drone market is projected to grow from 33.46 billion yuan in 2020 to 45.781 billion yuan by 2024, with a compound annual growth rate of 8.15% [2] - The company aims to maintain its competitive edge through unique product experiences and strong brand recognition in the smart imaging device sector [3] - The brand "Insta360" has established a strong market reputation due to innovative product design and advanced technology, enhancing its competitive position in the industry [3]