Summary of Conference Call Transcript Industry Overview - The discussion begins with a review of industry data, specifically focusing on the automotive sector over the past decade, with a particular emphasis on September's data [1] Key Points and Arguments - Recent trends in the automotive industry were highlighted, indicating significant changes and developments that have occurred over the last ten years [1] Other Important Content - The mention of September data suggests a potential shift or noteworthy event in the automotive market that may impact future performance, although specific figures or trends were not detailed in the provided excerpt [1]

海南金盘智能科技股份有限公司 简式权益变动报告书 上市公司名称：海南金盘智能科技股份有限公司 股票简称：金盘科技 股票代码：688676 股票上市地点：上海证券交易所 信息披露义务人一：JINPAN INTERNATIONAL LIMITED 注册地址及通讯地址：P.O.Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 信息披露义务人二：海南元宇智能科技投资有限公司 注册地址及通讯地址：海南省澄迈县老城镇南一环路海南生态软件园沃克公园 8829号楼2-216 信息披露义务人三：敬天(海南)投资合伙企业(有限合伙) 注册地址及通讯地址：海南省澄迈县老城镇南一环路海南生态软件园沃克公园 8829号楼2-216 股份变动性质：股份减少（被动稀释及主动减持） 签署日期：2024年10月10日 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、本报告书依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《公开发行证券的公司信息披露内容与 ...

股东询价转让结果报告书暨持股 5%以上股东权益变动 超过 1%且累计权益变动达到 5%的提示性公告 海南金盘智能科技股份有限公司 股东 JINPAN INTERNATIONAL LIMITED 保证向海南金盘智能科技股份有限 公司（以下简称"金盘科技"、"公司"）提供的信息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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示: 证券代码：688676 证券简称：金盘科技 公告编号：2024-086 本次询价转让的价格为 28.55 元/股，转让的股票数量为 12,794,646 股。 JINPAN INTERNATIONAL LIMITED（以下简称"金榜国际"或"出让 方"）参与本次询价转让。 金榜国际为公司实际控制人 YUQING JING（靖宇清）控制的企业，为公司控 股股东海南元宇智能科技投资有限公司（以下简称"元宇投资"）、敬天（海南）投 资合伙企业（有限合伙）（以下简称"敬天投资"）的一致行动人，合计持有公司股 份超过 5%。 本次转让不会导致公司控股股东、实际控制 ...

中国国际金融股份有限公司 关于海南金盘智能科技股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中国国际金融股份有限公司（以下简称"中金公司"）受海南金盘智能科技股份有 限公司（以下简称"金盘科技""上市公司"）股东 JINPAN INTERNATIONAL LIMITED （以下简称"金榜国际"或"转让方"）委托，担任本次金盘科技股东向特定机构投资 者询价转让（以下简称"本次询价转让"）的组织券商。 经核查，中金公司就本次询价转让的股东、受让方是否符合《上海证券交易所科创 板上市公司自律监管指引第 4 号——询价转让和配售》（以下简称"《询价转让和配售 指引》"）要求，本次询价转让的询价、转让过程与结果是否公平、公正，是否符合《询 价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概述 （一）本次询价转让转让方 截至 2024 年 9 月 27 日，转让方所持公司股份的数量、比例情况如下： | 序号 | 参与转让的股东名称 | 2024 9 | 截至 年 | 月 | 27 | 日收 | 持股比 | | --- | --- | --- | --- | --- | --- | ...

证券代码：688676 证券简称：金盘科技 公告编号：2024-085 海南金盘智能科技股份有限公司 关于股份回购实施结果暨股份变动的公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2023/12/15，由公司实际控制人、董事长李志远 先生提议 | | --- | --- | | 回购方案实施期限 | 2023/12/14~2024/12/13 | | 预计回购金额 | 5,000 万元~10,000 万元 | | 回购价格上限 | 元/股 47.55 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 实际回购股数 | 万股 260.0562 | | 实际回购股数占总股本比例 | 0.57% | | 实际回购金额 | 万元 9,798.81 | | 实际回购价格区间 | 28.05 元/股~46.50 元/股 | 一、 回购审批情况和回购方案内容 2023年12月15日，公司首次 ...

Investment Rating - The report assigns a "Buy-A" rating for the company, Jinpan Technology (688676.SH) [1] Core Views - Jinpan Technology is positioned as a leading transformer manufacturer, actively expanding into digital solutions and energy storage products, with significant revenue growth and international market penetration [2][3] - The company has achieved substantial revenue increases, with 2023 revenue reaching 6.668 billion yuan, a year-on-year growth of 40.50%, and a net profit of 505 million yuan, up 78.15% [2][3] - The report highlights the favorable market conditions for dry-type transformers, driven by increased demand in renewable energy and infrastructure projects, positioning the company for continued growth [2][3] Summary by Sections Company Overview - Jinpan Technology, established in 1977, has evolved into a national high-tech enterprise with multiple manufacturing bases and a strong focus on R&D [9][13] - The company specializes in dry-type transformers and energy storage solutions, serving both domestic and international markets [9][26] Financial Performance - In 2023, the company reported a revenue of 6.668 billion yuan and a net profit of 505 million yuan, with significant growth in both domestic and international sales [2][28] - The revenue structure is primarily driven by dry-type transformers, which accounted for 61.38% of total revenue in 2023, while energy storage products saw a remarkable growth of 546.95% [28][32] Market Position and Growth Drivers - The company has a strong market presence in the dry-type transformer sector, with a domestic market share increasing from 7.84% in 2019 to 11.68% in 2021 [66] - The global demand for transformers is expected to rise significantly, with projections indicating a need for 600 billion USD in annual investment by 2030 to meet climate goals [3][66] - Jinpan Technology is well-positioned to benefit from the ongoing upgrades in the U.S. and European power grids, as well as the expansion of renewable energy projects [3][4] Product and Service Innovation - The company is advancing its digital transformation strategy, integrating AI and big data into its manufacturing processes, which enhances operational efficiency and product quality [26][44] - Jinpan Technology's energy storage solutions are designed to cater to various applications, including grid-side and commercial uses, reflecting its commitment to innovation in the energy sector [26][28] Customer Base and Relationships - The company has established strong relationships with major international and domestic clients, including GE, Siemens, and China Railway, ensuring a stable and loyal customer base [48][49] - The high customer retention and demand for customized solutions contribute to the company's competitive advantage in the market [48]

证券代码：688676 证券简称：金盘科技 公告编号：2024-084 海南金盘智能科技股份有限公司 股东询价转让定价情况提示性公告 股东 JINPAN INTERNATIONAL LIMITED 保证向海南金盘智能科技股份 有限公司提供的信息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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 （三）本次询价转让拟转让股份已获全额认购，初步确定的受让方为 10 名， 拟受让股份总数为 12,794,646 股。 重要内容提示： 根据 2024 年 9 月 30 日询价申购情况，初步确定的本次询价转让价格为 28.55 元/股。 一、本次询价转让初步定价 （一）经向机构投资者询价，海南金盘智能科技股份有限公司（以下简称"金 盘科技"、"公司"）股东询价转让（以下简称"本次询价转让"）初步确定的 转让价格为 28.55 元/股，为金盘科技股东询价转让发送认购邀请书之日（即 2024 年 9 月 27 日，含当日）前 20 个交易日股票交易均价 30.23 元/股的 94.44%。 （二）参与本 ...

股东 JINPAN INTERNATIONAL LIMITED 保证向海南金盘智能科技股份 有限公司（以下简称"金盘科技"、"公司"）提供的信息内容不存在任何 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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 证券代码：688676 证券简称：金盘科技 公告编号：2024-083 海南金盘智能科技股份有限公司 股东询价转让计划书 重要内容提示： 拟参与本次询价转让的股东为 JINPAN INTERNATIONAL LIMITED（以 下简称"金榜国际"或"出让方"）； 出让方拟转让股份的总数为 12,794,646 股，占金盘科技总股本的比例为 2.80%。 本次询价转让为非公开转让，不会通过集中竞价交易方式进行。受让方 通过询价转让受让的股份，在受让后 6 个月内不得转让； 本次询价转让的受让方为具备相应定价能力和风险承受能力的机构投资 者。 一、拟参与转让的股东情况 （一）出让方的名称、持股数量、持股比例 出让方委托中国国际金融股份有限公司（以下简称"中金公司"）组织实施 金盘科技股东询价转让（以 ...

相关资格的核查意见 中国国际金融股份有限公司（以下简称"中金公司"）受海南金盘智能科技股份有 限公司（以下简称"金盘科技""公司"）股东 JINPAN INTERNATIONAL LIMITED （以下简称"金榜国际""出让方"）委托，组织实施本次金盘科技首次公开发行股票 并在科创板上市前股东向特定机构投资者询价转让（以下简称"本次询价转让"）。 根据《关于在上海证券交易所设立科创板并试点注册制的实施意见》《科创板上市 公司持续监管办法（试行）》《上海证券交易所科创板股票上市规则》《上海证券交易 所科创板上市公司自律监管指引第 4 号——询价转让和配售》（以下简称"《询价转让 和配售指引》"）等相关规定，中金公司对参与本次询价转让股东的相关资格进行了核 查。 中国国际金融股份有限公司 关于海南金盘智能科技股份有限公司 股东向特定机构投资者询价转让股份 本次询价转让的委托情况、出让方相关资格的核查情况及核查意见如下： 一、本次询价转让的委托 2024 年 8 月 19 日，中金公司收到出让方关于本次询价转让的委托，委托中金公司 组织实施本次询价转让。 二、关于参与本次询价转让股东相关资格的核查情况 （一）核查过 ...

Investment Rating - The report assigns an "Overweight" rating to the company, marking the first coverage [1] Core Viewpoints - The company is a leading player in dry-type transformers and is expanding into energy storage as its second growth curve [3] - The global dry-type transformer market is expected to reach $9.2 billion by 2028, with a CAGR of 6.8% from 2023 to 2028 [3] - The company issued convertible bonds to expand its energy storage and digital production capacity for power transmission and distribution equipment [3] Financial Projections - The company is expected to achieve revenues of 7.39 billion yuan, 9.435 billion yuan, and 12.289 billion yuan in 2024, 2025, and 2026, respectively [4] - Net profits attributable to the parent company are projected to be 596 million yuan, 814 million yuan, and 1.118 billion yuan for the same periods [4] - The corresponding P/E ratios are 22.34x, 16.35x, and 11.90x for 2024, 2025, and 2026, respectively [4] Business Overview - The company specializes in dry-type transformers, with applications in wind power, rail transit, and energy efficiency [10] - It is one of the few companies globally capable of producing dry-type transformers for wind power applications, serving major wind turbine manufacturers like VESTAS, GE, and SIEMENS Gamesa [3] - The company has a clear equity structure, with the controlling shareholder holding 40.46% of the shares [14] Energy Storage Business - The company has a total energy storage production capacity of 3.9GWh across its Wuhan and Guilin bases [3] - It focuses on medium and high-voltage direct-hanging (cascaded) energy storage systems, which offer cost and performance advantages [3] - In 2023, the company secured new energy storage system orders worth 641 million yuan (excluding tax), a year-on-year increase of 144.87% [3] Market Opportunities - The dry-type transformer market is driven by its advantages over oil-immersed transformers, including higher safety, smaller size, and lower maintenance costs [3] - The company's dry-type transformers are widely used in wind power, rail transit, and energy efficiency sectors, with significant growth potential in these areas [25] - The global energy storage market is expected to grow rapidly, with the company well-positioned to benefit from this trend [46] Competitive Advantages - The company's dry-type transformers have higher capacity and voltage ratings compared to domestic peers, approaching the leading indicators of international competitors [26] - Its energy storage systems leverage the company's existing technology in power electronics and energy management, providing cost and performance advantages [56] - The company's high-voltage direct-hanging (cascaded) energy storage systems offer superior performance metrics, including higher efficiency and faster response times [62] Customer Base - The company's energy storage systems target customers in the power generation, grid, and industrial sectors, overlapping with its existing customer base [63] - Major clients include traditional power generation companies like China General Nuclear Power Group and State Power Investment Corporation, as well as renewable energy companies like Goldwind and Shanghai Electric [65]