8月7日，一份名为"天风孙潇雅8月推荐个股汇总"截图在各大平台疯传，网友评价该表格："一个环境又 到了研究员各显神通的时刻。" 该表格中的10只荐股横跨了五个行业，北汽蓝谷、金盘科技、飞龙股份、大元泵业、南方泵业、铂科新 材、东睦股份、龙磁科技、铜冠铜箔、洪田股份（维权）共计十家公司榜上有名。 尤其是副标题中的"3000人会议，当前大A最热卖方"可见其市场热度和追捧。 | | | | | 天风孙潇雅8月推荐个股汇总 | | --- | --- | --- | --- | --- | | | | | | 孙潇雅连场3000人会议,当前大A最热实方。 | | 推荐时间 | 代码 | 名称 | 自由市值 | 孙总观点 | | 汽车 (8月1日) | 600733 | 北汽整容 | 290.6亿 | 26年新产品导入后,享界销量有望达到18-20精神,1Xas对应700-亿市值,合计目标市值800亿, 对应空间80%+。 | | AIDC变压器 | 688676 | 金盘科技 | | 海外大厂核心供应商,高毛利引擎企速转。预计25年海外30+亿收入、国内50+亿收入,业绩有 | | (8月3日) | | | 105. ...

Investment Rating - The report maintains a "Buy" rating for several companies including Jin Feng Technology, Daikin Heavy Industries, and Yun Da Co., while recommending "Hold" for others like Tai Sheng Wind Energy and Jin Lei Co. [1][4] Core Insights - The report highlights a significant increase in offshore wind power grid connections, with a year-on-year growth of 200% in the first half of 2025, indicating a positive trend in the industry [2][3][4] - The National Development and Reform Commission emphasizes the need to eliminate "involution" competition and promote reforms in the bidding system, which is expected to stabilize and potentially increase wind turbine prices [2][4] - The report notes that the wind power sector is experiencing accelerated construction and a strong demand for large-scale products, which is expected to enhance profitability for key players [4][7] Industry Dynamics - The report outlines that in the first half of 2025, the total installed capacity of wind power reached 572.60 million kW, with a year-on-year increase of 22.70% [25][30] - The total new installed capacity for wind power in the first half of 2025 was 51.39 GW, representing a 98.88% increase compared to the same period in 2024 [25][28] - The average bidding price for offshore wind turbines has shown a downward trend, currently averaging 3266.17 yuan/kW [3][53] Market Performance - The wind power equipment index reported a TTM price-to-earnings ratio of 33.17 and a market-to-book ratio of 1.69 [14][21] - The wind power equipment sector outperformed the broader market, with a weekly increase of 1.86%, ranking 12th among 124 sub-sectors [14][17] Company Performance - Key companies such as Jin Feng Technology and Yun Da Co. are highlighted for their strong market positions and expected benefits from the ongoing industry trends [4][7] - The report identifies specific companies for investment based on their market advantages and growth potential, including Daikin Heavy Industries and Tai Sheng Wind Energy [7]

Group 1 - The core stock price of Jinpan Technology on August 5 was 42.06 yuan, down 0.10 yuan or 0.24% from the previous trading day, with a trading volume of 151,600 hands and a transaction amount of 638 million yuan [1] - The stock opened at 42.37 yuan, reached a high of 42.72 yuan, and a low of 41.67 yuan during the trading session [1] - Jinpan Technology specializes in power equipment manufacturing, with main products including medium and low voltage transformers and energy storage devices [1] Group 2 - Jinpan Technology is the first company listed on the Science and Technology Innovation Board in Hainan, and it has the highest institutional attention among local stocks, receiving ratings from 19 institutions [1] - Hainan Province recently released a three-year action plan to accelerate the construction of a modern industrial system with characteristics and advantages, covering industrial development planning from 2025 to 2027 [1] - As a key enterprise in Hainan, Jinpan Technology's business development is expected to align with local industrial policies [1]

Summary of Key Points from Conference Call Company and Industry Overview - **Company**: Jinpan Technology - **Industry**: AI and Power Equipment Core Insights and Arguments - **Global AI Capital Expenditure Growth**: Major tech companies like Google, Meta, and Microsoft have raised their capital expenditure budgets, indicating a sustained increase in capital spending for cloud services and data center infrastructure in 2025-2026 [1][2] - **Domestic Policy Support**: The Chinese government has approved the "AI+" action plan, promoting the large-scale and commercial application of AI, which benefits early movers like Jinpan Technology, whose dry-type transformers are widely used in data centers [1][4] - **Global Capacity Expansion**: Jinpan Technology is expanding its production capacity in Mexico, Poland, Malaysia, and the USA, with a new transformer factory in Virginia expected to start production within the year [1][5] - **Digital Transformation Leadership**: The company has made significant progress in digital factory transformation, achieving recognition as an excellent smart factory by the Ministry of Industry and Information Technology [1][6] - **Deepening Collaboration with NVIDIA**: Jinpan Technology is collaborating with NVIDIA to develop customized solutions for industrial manufacturing, enhancing its AI capabilities and establishing itself as a model case for AI factory applications [1][7] Additional Important Content - **Domestic Business Growth Drivers**: Despite uncertainties in renewable energy demand, the growth in wind power and data centers is expected to drive a more than 30% increase in new domestic orders in the first half of 2025 [3][9] - **Tariff Impact Mitigation**: The company anticipates a reduction in tariff pressures with the production ramp-up in Malaysia and the USA, leading to a projected annual order increase of 4-5 billion yuan [3][12] - **Stock Incentive Plan Progress**: The company is nearing the completion of its new team construction, with a stock incentive plan expected to be implemented soon to ensure future performance growth [13] - **Future Development Highlights**: Jinpan Technology is well-positioned to benefit from AI-driven capital expenditure in data centers, with ongoing efforts to explore AI applications in traditional manufacturing [14] - **Growth Directions**: Future growth areas include welding robots and upstream raw material layouts, such as amorphous alloy strips, which are expected to enhance profit margins [15] - **Profit Forecast**: The company is projected to achieve net profits of 710 million yuan, 1.06 billion yuan, and 1.329 billion yuan from 2025 to 2027, with corresponding growth rates of 24%, 49%, and 25% [16] - **Investment Value Perspective**: The company is expected to make significant progress in IDC capital expenditure, particularly in overseas markets, and is considered to have long-term investment value [17]

Group 1: Daily Related Transactions - The company announced a daily related transaction involving its wholly-owned subsidiary, Laibin Jinpan Energy Comprehensive Utilization Co., Ltd., and the related party, Hainan Jirui Haohan Power System Technology Co., Ltd., for the procurement of equipment and engineering services for a low-temperature waste heat power generation project, with a contract amount not exceeding 10.63 million yuan [5][10] - The independent directors unanimously agreed that the transaction is based on normal business interactions, follows fair pricing principles, and does not harm the interests of the company or its shareholders, particularly minority shareholders [2][3] - The board of directors approved the related transaction without the need for shareholder meeting approval, as the transaction amount did not exceed 30 million yuan in the past 12 months [4][12] Group 2: Foreign Exchange Hedging Business - The company plans to conduct foreign exchange hedging business with a maximum amount of up to 225 million USD or equivalent foreign currency to mitigate risks from exchange rate fluctuations, with the authorization valid for 12 months [15][17] - The hedging activities will include forward foreign exchange contracts, currency swaps, foreign exchange sales, and options, focusing on normal production and operational needs rather than speculative trading [19][21] - The company will utilize its own funds for the hedging activities, ensuring that the operations are based on legitimate business needs and do not involve fundraising [18][20]

证券代码：688676 证券简称：金盘科技 公告编号：2025-054 海南金盘智能科技股份有限公司 关于开展外汇套期保值业务的公告 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。 重要内容提示： ? 为有效规避外汇市场的风险，防范汇率大幅波动对海南金盘智能科技股 份有限公司（以下简称"公司"）经营业绩造成不利影响，公司及控股子公司拟 以自有资金与具有合法资质的大型商业银行开展外汇套期保值业务，本业务以正 常生产经营为基础，以规避和防范汇率风险为目的，不进行单纯以盈利为目的的 投机和套利交易。公司及控股子公司的外汇套期保值业务包括远期结售汇、人民 币和外汇掉期业务、外汇买卖、外汇期权等产品。上述拟开展的外汇套期保值业 务的资金额度不超过2.25亿美元或其他等值外币，额度有效期为自公司董事会审 议通过之日起12个月，在上述额度范围及期限内，资金可循环滚动使用。 ? 公司于2025年8月4日召开了第三届董事会第二十五次会议，审议通过了 《关于开展外汇套期保值业务的议案》，本次外汇套期保值业务事项无需提交公 司股东会审议。 ? ...

资金流向方面，今日主力资金净流入的科创板股共有243只，其中，4只个股主力资金净流入超亿元，海 光信息主力资金净流入3.98亿元，净流入资金居首；芯原股份、寒武纪紧随其后，全天净流入资金分别 为1.98亿元、1.89亿元。主力资金净流出的有344只，净流出资金最多的是瑞可达，该股今日上涨 4.84%，全天主力资金净流出2.39亿元，其次是电气风电、金盘科技，主力资金净流出分别为1.26亿 元、1.16亿元。 证券时报•数据宝统计显示，今日科创板个股上涨的有478只，涨停的有南模生物、兴图新科等4只，下 跌的有107只。 从主力资金连续性进行观察，共有40只个股主力资金连续3个交易日以上持续净流入，连续流入天数最 多的是科汇股份，该股已连续9个交易日净流入；连续净流入天数较多的还有博汇科技、华润微等，主 力资金分别连续流入8天、8天。主力资金连续流出的个股有151只，连续流出天数最多的是ST逸飞，该 股已连续16个交易日净流出；连续净流出天数较多的还有亿华通、哈铁科技等，主力资金分别连续流出 13天、12天。（数据宝） 主力资金净流入排名 沪深两市全天主力资金净流入6949.86万元，其中，科创板主力资金净流出 ...

证券代码：688676 证券简称：金盘科技 公告编号：2025-054 海南金盘智能科技股份有限公司 关于开展外汇套期保值业务的公告 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。 重要内容提示： 为有效规避外汇市场的风险，防范汇率大幅波动对海南金盘智能科技股 份有限公司（以下简称"公司"）经营业绩造成不利影响，公司及控股子公司拟 以自有资金与具有合法资质的大型商业银行开展外汇套期保值业务，本业务以正 常生产经营为基础，以规避和防范汇率风险为目的，不进行单纯以盈利为目的的 投机和套利交易。公司及控股子公司的外汇套期保值业务包括远期结售汇、人民 币和外汇掉期业务、外汇买卖、外汇期权等产品。上述拟开展的外汇套期保值业 务的资金额度不超过2.25亿美元或其他等值外币，额度有效期为自公司董事会审 议通过之日起12个月，在上述额度范围及期限内，资金可循环滚动使用。 公司于2025年8月4日召开了第三届董事会第二十五次会议，审议通过了 《关于开展外汇套期保值业务的议案》，本次外汇套期保值业务事项无需提交公 司股东会审议。 特别风险提示 ...

证券代码：688676 证券简称：金盘科技 公告编号：2025-053 海南金盘智能科技股份有限公司 关于公司日常关联交易的公告 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。 重要内容提示： 是否需要提交股东会审议：否 日常关联交易对上市公司的影响：海南金盘智能科技股份有限公司（以 下简称"公司"）本次关联交易是基于正常的业务往来，关联交易均由交易双方 根据自愿、平等、互利的原则进行，定价公允，不存在损害公司及股东利益，特 别是中小股东利益的情形，对公司正常经营活动及财务状况无不利影响。公司主 要业务或收入、利润来源不依赖相关关联交易，本次关联交易不会对公司主要业 务的独立性造成影响。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、独立董事专门会议审议情况 2025 年 7 月 31 日，公司独立董事召开了第三届董事会独立董事专门会议第 四次会议，会议以 2 票同意、0 票反对、0 票弃权审议通过了《关于公司日常关 联交易的议案》，全体独立董事一致认为：根据《上海证券交易所科创板股票上 市规则》规定，本 ...

证券研究报告 | 2025年08月04日 金盘科技（688676.SH） 优于大市 国常会审议通过《关于深入实施"人工智能+"行动的意见》， 制造业企业数字化转型带来新发展机遇 |  公司研究·公司快评 | |  | 电力设备·电网设备  | 投资评级：优于大市（维持） | | --- | --- | --- | --- | --- | | 证券分析师： | 王蔚祺 | 010-88005313 | wangweiqi2@guosen.com.cn | 执证编码：S0980520080003 | | 证券分析师： | 王晓声 | 010-88005231 | wangxiaosheng@guosen.com.cn | 执证编码：S0980523050002 | 事项： 事件：7 月 31 日，国务院总理李强主持召开国务院常务会议，审议通过《关于深入实施"人工智能+"行 动的意见》。会议指出，要深入实施"人工智能+"行动，大力推进人工智能规模化商业化应用，推动人 工智能在经济社会发展各领域加快普及、深度融合，形成以创新带应用、以应用促创新的良性循环；要着 力优化人工智能创新生态，强化算力、算法和数据供给， ...