证券代码：688676 证券简称：金盘科技 公告编号：2025-069 海南金盘智能科技股份有限公司 关于前次募集资金使用情况的报告 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。 根据中国证券监督管理委员会印发的《监管规则适用指引——发行类第 7 号》 的规定，海南金盘智能科技股份有限公司(以下简称"公司"或者"本公司")编制 了截至 2025 年 6 月 30 日(以下简称截止日)的前次募集资金使用情况报告如下： 一、前次募集资金基本情况 (一) 前次募集资金到位情况 1、2021年3月IPO募集资金 根据中国证券监督管理委员会出具的《关于同意海南金盘智能科技股份有限公 司首次公开发行股票注册的批复》（证监许可[2021]94号），公司首次向社会公开发 行人民币普通股（A股）股票4,257.00万股，发行价格为每股10.10元，募集资金总 额为429,957,000.00元，扣除发行费用（不含增值税）79,577,075.48元后，实际募集 资金净额为350,379,924.52元。上述募集资金已于2021年3月4日汇 ...

海南金盘智能科技股份有限公司 前次募集资金使用情况鉴证报告 中国杭州市钱江新城新业路 8号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road, Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 录 目 一、前次募集资金使用情况鉴证报告 1-2 二、海南金盘智能科技股份有限公司关于前次募集资金 使用情况的报告 中国杭州市钱江新城新业路 8号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 页 次 3-17 前次募集资金使用情况鉴证报告 中汇会鉴[2025]10728号 海南金盘智能科技股份有限公司全体 ...

2025 年第四次临时股东会会议资料 股票简称：金盘科技 股票代码：688676 2025 年 9 月 1 海南金盘智能科技股份有限公司 2025 年第四次临时股东会会议资料 海南金盘智能科技股份有限公司 四、在会议主持人宣布现场出席会议的股东和股东代表人数及所持有的表 决权的股份总数数量之后进场的股东无权参与现场投票表决。 五、会议按照会议通知上所列顺序审议、表决议案。 | 2025 年第四次临时股东会须知 3 | | --- | | 2025 年第四次临时股东会会议议程 5 | | 议案一：《关于<公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》 | | 7 | | 议案二：《关于<公司 2025 年限制性股票激励计划实施考核管理办法>的议案》 | | 9 | | 议案三：《关于提请股东会授权董事会办理公司 2025 年限制性股票激励计划有 | | 关事项的议案》 10 | | 议案四：《关于<公司 2025 年员工持股计划（草案）>及其摘要的议案》 12 | | 议案五：《关于<公司 2025 年员工持股计划管理办法>的议案》 14 | | 议案六：《关于提请股东会授权董事会办理公司 20 ...

Core Insights - The article emphasizes the strategic shift of Jinpan Technology towards intelligent manufacturing, driven by AI, as part of its "15th Five-Year Plan" [2][3] - Jinpan Technology has demonstrated significant growth during the "14th Five-Year Plan," with a projected cumulative revenue increase of approximately 170% and a similar growth in net profit [2] - The company aims to establish itself as a benchmark in intelligent manufacturing by collaborating with partners to build an AI platform and related intelligent systems [3] Group 1 - Jinpan Technology's strategic focus for the "15th Five-Year Plan" is to fully realize intelligent manufacturing, marking a significant transformation in its operations [3] - The company has seen a 28% increase in total personnel and a 120% increase in revenue per capita during the "14th Five-Year Plan" [2] - The establishment of four new divisions—Artificial Intelligence, AI Industry Chain, Robotics, and New Materials—reflects Jinpan Technology's commitment to enhancing its core competitiveness and embracing the "Artificial Intelligence +" initiative [3] Group 2 - The article highlights the broader context of the "15th Five-Year Plan," noting the shift in China's economic development from high-speed growth to high-quality development [2] - The global political and economic landscape is undergoing significant changes, with increased competition and uncertainty, which necessitates a strategic response from companies like Jinpan Technology [2] - The Chinese government's recent policy to reshape production and lifestyle through AI over the next decade presents substantial opportunities for industrial AI transformation [2]

Company Overview - Jinan Technology Co., Ltd. is primarily engaged in the research, production, and sales of power distribution and control equipment for sectors such as renewable energy, high-end equipment, and energy conservation and environmental protection [1] - The company was established on June 3, 1997, and went public on March 9, 2021 [1] Financial Performance - For the first half of 2025, Jinan Technology achieved a revenue of 3.154 billion yuan, representing a year-on-year growth of 8.16% [2] - The net profit attributable to shareholders for the same period was 265 million yuan, reflecting a year-on-year increase of 19.10% [2] Stock Performance - As of September 5, the stock price of Jinan Technology increased by 2.07%, reaching 53.18 yuan per share, with a total market capitalization of 24.425 billion yuan [1] - Year-to-date, the stock price has risen by 29.97%, but it has seen a decline of 11.43% over the last five trading days [1] Shareholder Information - As of June 30, the number of shareholders increased to 18,400, up by 1.48% from the previous period [2] - The average number of circulating shares per shareholder decreased by 1.06% to 24,939 shares [2] Dividend Distribution - Since its A-share listing, Jinan Technology has distributed a total of 713 million yuan in dividends, with 543 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 12.7274 million shares as a new shareholder [3] - The top ten circulating shareholders include various funds, with notable changes in holdings among them [3]

Core Viewpoint - Recent research by a well-known private equity firm, Fusheng Asset Management, highlights the advancements and market potential of Jinpan Technology, particularly in solid-state transformers and their applications in large-scale green data centers [1] Group 1: Company Overview - Jinpan Technology has completed its first prototype of solid-state transformers, which will be trialed in data centers and gradually promoted to international markets [1] - The company reported a 30.36% year-on-year growth in domestic orders for the first half of 2025, with current orders amounting to 7.54 billion yuan (excluding tax) [1] - Jinpan Technology holds 130 core technologies and 330 patents, and has established seven digital factories while advancing the construction of an AI factory [1] Group 2: Market Potential - The solid-state transformers (SST) are suitable for gigawatt-level ultra-large green data centers, with expectations for increased market penetration in the future [1] - During the "14th Five-Year Plan" period, the company's revenue and profit are projected to grow approximately 170% compared to the "13th Five-Year Plan" [1] - The company aims to focus on smart manufacturing and overseas market expansion in the "15th Five-Year Plan" [1] - There is a strong demand for overseas oil transformers, with the Wuhan base already capable of producing 345kV high-voltage immersed transformers [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong potential for investment returns exceeding the market benchmark by more than 15% over the next 6-12 months [4][15]. Core Insights - The company reported a revenue of 3.154 billion yuan for H1 2025, representing an 8.16% year-on-year growth, with a net profit of 265 million yuan, up 19.10% year-on-year. The gross margin increased by 2.51 percentage points to 25.87% and the net margin rose by 0.79 percentage points to 8.34% [1]. - The company has seen significant growth in various sectors, particularly in the data center field, where revenue surged by 460.51% year-on-year, driven by advancements in AI and the global demand for electricity equipment [2][3]. Summary by Sections Financial Performance - For H1 2025, the company achieved a revenue of 3.154 billion yuan, with a net profit of 265 million yuan. The Q2 2025 revenue was 1.812 billion yuan, marking a 12.42% year-on-year increase and a 34.92% quarter-on-quarter increase [1]. - The company’s gross margin improved to 25.87%, and the net margin reached 8.34% [1]. Sales Growth - The company experienced robust sales growth across various sectors, with wind power revenue increasing by 77.63%, power generation and supply by 58.06%, and data center revenue by 460.51% in H1 2025 [2]. - The total order backlog as of June 2025 was 7.540 billion yuan, a 14.89% increase year-on-year, with domestic orders at 4.738 billion yuan and international orders at 2.802 billion yuan [2]. Product Development - The company is actively developing AIDC products and has successfully implemented transformer series products in numerous data center projects for major tech companies [3]. - The company has completed the R&D of a 10kV/2.4MW solid-state transformer, positioning itself well in the AIDC market [3]. Storage Business - The storage business reported a revenue of 302 million yuan in H1 2025, reflecting a 6.40% year-on-year growth, although the gross margin decreased to 9.81% [4]. - The company is advancing the development of its third-generation high-voltage direct connection products, enhancing its competitive edge in the storage market [4]. Profit Forecast and Valuation - The report forecasts net profits of 750 million yuan, 953 million yuan, and 1.183 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 1.63 yuan, 2.07 yuan, and 2.58 yuan [6][11]. - The current stock price corresponds to a P/E ratio of 35, 28, and 22 for the years 2025, 2026, and 2027 respectively, indicating a favorable valuation for potential investors [4][6].

Group 1 - The company, Jinpan Technology, announced a share buyback of approximately 960,000 shares, accounting for 0.21% of its total share capital, with a total transaction amount of approximately 30.01 million RMB [1] - The share buyback was conducted through the Shanghai Stock Exchange trading system at a price range of 30.31 RMB to 32.68 RMB per share [1] - As of the announcement, the market capitalization of Jinpan Technology is 26.6 billion RMB [1] Group 2 - For the fiscal year 2024, the revenue composition of Jinpan Technology is as follows: 97.37% from electrical machinery and equipment manufacturing, 1.79% from specialized equipment manufacturing, and 0.84% from other businesses [1]

证券代码：688676 证券简称：金盘科技 公告编号：2025-068 海南金盘智能科技股份有限公司 关于股份回购进展公告 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、准确性和完整性承担法律责任。 重要内容提示： 一、回购股份的基本情况 2025 年 4 月 9 日，公司召开第三届董事会第二十次会议，审议通过了《关于 以集中竞价交易方式回购公司股份的方案的议案》，同意公司通过集中竞价交易方 式回购公司已发行的部分人民币普通股（A 股）股票，回购股份的资金总额不低 于人民币 3,000 万元（含），不超过人民币 5,000 万元（含），回购股份的价格不超 过 41.72 元/股（含），回购股份的期限自董事会审议通过最终股份回购方案之日起 不超过 12 个月。具体内容详见公司于 2025 年 4 月 10 日在上海证券交易所网站 （www.sse.com.cn）披露的《海南金盘智能科技股份有限公司关于以集中竞价方式 回购股份的回购报告书》（公告编号：2025-021）。 因公司实施权益分派，从 2025 年 5 月 23 日起，本次回购股份价格上限由不 超 ...

Core Viewpoint - Jinpan Technology (688676.SH) announced a share buyback program, indicating a commitment to enhancing shareholder value through capital return strategies [1] Group 1: Share Buyback Details - As of August 31, 2025, the company has repurchased a total of 959,000 shares, which represents 0.21% of its total share capital [1] - The share buyback was conducted through the Shanghai Stock Exchange trading system via centralized bidding [1] - The price range for the repurchased shares was between 30.31 CNY and 32.68 CNY per share, with a total transaction amount of 30.0084 million CNY (excluding stamp duty and transaction commissions) [1]