证券代码：688698 证券简称：伟创电气 公告编号：2025-027 苏州伟创电气科技股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 16 日 （二） 股东大会召开的地点：苏州市吴中区经济技术开发区郭巷街道淞葭路 1000 号 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 68 | | --- | --- | | 普通股股东人数 | 68 | | 2、出席会议的股东所持有的表决权数量 | 140,390,558 | | 普通股股东所持有表决权数量 | 140,390,558 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例 | 66.6857 | | （%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 66.6857 | （ ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8 层 8/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.：010-50867666 传真/Fax：010-65527227 网址/Website：www.kangdalawyers.com 北京 西安 深圳 海口 上 海 广州 杭州 沈阳 南京 天津 菏 泽 成都 苏州 呼和浩特 香港 武汉 郑州 长 沙 厦门 重庆 合肥 宁波 济南 北京市康达（深圳）律师事务所 关于苏州伟创电气科技股份有限公司 2024 年年度股东大会的法律意见书 康达股会字[2025]第 0006 号 致：苏州伟创电气科技股份有限公司 北京市康达（深圳）律师事务所（以下简称本所）接受苏州伟创电气科技股份 有限公司（以下简称公司）的委托，指派本所律师参加公司2024年年度股东大会（以 下简称本次会议）。 本所律师根据《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》）、《上市公司股东会规则》（ ...

国泰海通证券股份有限公司 关于苏州伟创电气科技股份有限公司 部分募投项目新增实施主体和实施地点、调整内部投资结 构等事项的核查意见 国泰海通证券股份有限公司1（以下简称"保荐人"）作为苏州伟创电气科技 股份有限公司（以下简称"公司"或"伟创电气"）持续督导的保荐人，根据《证 券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《上市公 司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证券交 易所科创板上市公司自律监管指引第 1 号——规范运作》等法律法规和规范性 文件的要求，对伟创电气部分募投项目新增实施主体和实施地点、调整内部投资 结构并向实施主体增资以实施募投项目暨开立募集资金专户事项进行了审慎核 查，具体情况如下： 一、募集资金基本情况 二、本次部分募投项目新增实施主体和实施地点、调整内部投资结构 的情况和原因 （一）本次部分募投项目新增实施主体和实施地点、调整内部投资结构原因 公司"数字化生产基地建设项目"涵盖中低压变频器与高压变频器生产； 中低压变频器生产对设备性能、精度等要求较高，高压变频器生产则对场地条 件要求更为严格，需要较大且符合特定工艺布局、环境要求的场地， ...

证券代码：688698 证券简称：伟创电气 公告编号：2025-026 苏州伟创电气科技股份有限公司 关于部分募投项目新增实施主体和实施地点、调整内 部投资结构并向实施主体增资以实施募投项目暨开 立募集资金专户的公告 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： ●苏州伟创电气科技股份有限公司（以下简称公司或伟创电气）2022 年度 向特定对象发行A 股股票募集资金"数字化生产基地建设项目"新增全资子公司 常州伟创电气有限公司（以下简称常州伟创）为募投项目实施主体，相应增加 常州钟楼经济开发区为募投项目实施地点，调整内部投资结构并向实施主体增 资以实施募投项目暨开立募集资金专户，不构成募集资金用途的变更，不会对 募投项目的实施和效益产生不利影响。 ●本事项无需提交公司股东会审议。 公司已于 2025 年 5 月 15 日召开第二届董事会第三十六次会议、第二届监 事会第二十九次会议，审议通过了《关于部分募投项目新增实施主体和实施地 点、调整内部投资结构并向实施主体增资以实施募投项目暨开立募集资金专户 的议案 ...

与会监事就如下议案进行了审议，并表决通过以下事项： （一）《部分募投项目新增实施主体和实施地点、调整内部投资结构并向实施 主体增资以实施募投项目暨开立募集资金专户的议案》 苏州伟创电气科技股份有限公司（以下简称公司）第二届监事会第二十九次 会议通知于2025年5月10日以书面方式送达全体监事。会议于2025年5月15日在公 司会议室召开。本次会议由公司监事会主席彭红卫先生召集并主持，应到监事3人， 实到监事3人。本次会议的召集和召开程序符合《中华人民共和国公司法》等相关 规定，会议形成的决议合法、有效。 二、监事会会议审议情况 证券代码：688698 证券简称：伟创电气 公告编号：2025-025 苏州伟创电气科技股份有限公司 第二届监事会第二十九次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 监事会认为：公司本次部分募投项目新增实施主体和实施地点、调整内部投 资结构并向实施主体增资以实施募投项目暨开立募集资金专户是基于公司实际情 况作出的调整，符合公司实际经营需要，有利于提高募集资 ...

Group 1 - The company Wei Chuang Electric has established a solid market foundation by continuously launching mature general products to overseas markets, which helps in accumulating experience and resources for future market expansion [1] - The company is enhancing its product structure in inverters, servos, and PLCs, aiming to create a complete set of mature solutions while continuously expanding into heavy industry, light industry, high-end equipment, new energy, and robotics sectors [1] - In the robotics field, the company has deeply integrated into the industry chain, with self-developed results covering diverse key core components for mobile, collaborative, service, and humanoid robots, primarily providing complete motion actuator solutions focused on domestic customers [1] - The company leverages local advantages such as rapid response, better cost, and customized services to continuously narrow the gap with international giants [1] - The company is intensifying its research and development efforts in the digital energy sector, covering solutions for household storage and commercial storage inverter products [1] Group 2 - Shanghai Kuan Yuan Asset Management Co., Ltd. was established in May 2014 with a registered capital of 10 million yuan, focusing on asset management, industrial investment, corporate asset restructuring, mergers and acquisitions, investment consulting, financial consulting, business consulting, and marketing planning [2] - The core research team of Kuan Yuan Asset has over 10 years of successful secondary market investment experience, having navigated multiple market cycles and consistently ranking among the top in the industry for long-term performance [2] - Kuan Yuan Asset adheres to a value investment philosophy, focusing on identifying certain growth opportunities and sharing the growth fruits of listed companies, emphasizing stable long-term performance [2]

Summary of the Conference Call for Weichuang Electric Industry Overview - The conference call primarily discusses the electric machinery and robotics industry, focusing on Weichuang Electric's performance and strategies in 2025. Key Points and Arguments 1. Overseas Market Growth - In Q1 2025, the overseas market grew by 28.74%, mainly in Asia and countries along the "Belt and Road" initiative. Europe is a key area for expansion, while North America is still in a testing phase. The annual overseas growth rate is expected to remain consistent with Q1 [2][4]. 2. Robotics Business Development - The focus of the robotics business is on the large-scale delivery of cup motors and key modules. There has been a significant increase in small batch orders and new entrants into the market, although the overall volume remains small. Integrated robots have begun mass deliveries, and elbow joints are also starting small batch shipments [2][6][10]. 3. Performance by Industry Segment - In Q1 2025, the machine tool industry saw a revenue increase of 40% year-on-year, while the textile industry experienced a decline of 15.74%. The report indicates that project delivery cycles and the impact of the Spring Festival affect the quarterly results, which may not fully reflect the annual performance [2][7]. 4. Q2 Growth Expectations - The overall growth rate for Q2 is expected to be around 20%, consistent with Q1 and last year. The OEM supporting industry shows stable trends, while the project-based market is significantly influenced by the annual order cycle. The shipbuilding industry is expected to grow rapidly, but actual implementation will depend on project operations [2][11]. 5. Revenue and Profitability Targets - The company aims for a revenue growth of approximately 20% in 2025, with a net profit margin of around 14%. The targets are based on cumulative net profits from 2024 and 2025, with 2023 as the baseline for assessment [5][22]. 6. Robotics Client Base and Revenue Projections - The primary clients for the robotics-related business are domestic. The expected revenue for 2025 is around 20 to 30 million, primarily from sample deliveries and small batch orders. The company is focusing on the commercial cleaning robot sector [2][13]. 7. New Product Development - The company plans to develop planetary joint modules and miniaturized applications for frameless motors, expanding the use of motors in robotics. These projects are expected to be completed within the year [5][15]. 8. Market Competition and Strategy - The domestic industrial automation market is highly competitive. The company aims to increase market share by expanding product lines and enhancing sales efforts to reach more customers. There is significant potential for growth in high-end import substitution [25]. 9. Supply Chain and Production Capacity - The company is experiencing small batch demand and is facing some delivery challenges. A new production line is expected to be operational soon, which will help increase delivery rates. The planned production capacity for 2025 is 20 to 30 million [18][19]. 10. Impact of Tariff Policies - Current U.S.-China tariff policies have minimal direct impact on the company, as North American operations are not yet substantial. The focus remains on Europe and traditional Belt and Road countries [23]. 11. Data Energy Solutions - Weichuang Electric is responsible for data energy solutions, particularly in backup power systems for data centers. The growth in this segment is reported to be strong in 2025 [27]. 12. Inventory Levels - The company's inventory levels among distributors are low, with domestic inventory typically not exceeding one month. Overseas clients maintain a stock level of about one to two months to manage long logistics cycles [28]. Additional Important Information - The company is also exploring the development of humanoid robots but currently focuses on providing core components for these systems rather than complete units [26].

证券代码：688698 证券简称：伟创电气 公告编号：2025-024 苏州伟创电气科技股份有限公司 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： | 回购方案首次披露日 | 2024/7/24 | | | --- | --- | --- | | 回购方案实施期限 | 2024/7/24 2025/7/23 | ~ | | 预计回购金额 | 2,000万元~4,000万元 | | | 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 | | | 累计已回购股数 | 84.9390万股 | | | 累计已回购股数占总股本比例 | 0.4018% | | | 累计已回购金额 | 2,001.1832万元 | | | 实际回购价格区间 | 20.00元/股~35.83元/股 | | 一、 回购股份的基本情况 苏州伟创电气科技股份有限公司（以下简称公司）于 2024 年 7 月 23 日召开 了第二届董事会第二十七次会议 ...

Investment Rating - The report provides a positive investment outlook for the industrial control and power equipment sectors, highlighting stable growth and potential for new growth curves driven by humanoid and AI technologies [1]. Core Insights - The industrial control and power equipment industry experienced a revenue increase of 9% year-on-year and a net profit increase of 14% in Q1 2025, with total revenues reaching 204.7 billion and net profits at 14 billion [2][6]. - The overall gross profit margin for the industry faced pressure, recorded at 27.4% in Q1 2025, showing a year-on-year decline of 0.8 percentage points but an increase of 3.2 percentage points compared to the previous quarter [2][8]. - The report indicates a recovery in demand for industrial control in Q1 2025, with leading companies like Huichuan Technology exceeding profit expectations [2][26]. Summary by Sections Industrial Control Sector - The industrial control sector achieved a revenue of 28.2 billion in Q1 2025, marking a 27% increase year-on-year, with net profits rising by 33% to 2.5 billion [2][6]. - The gross profit margin for the industrial control sector was 28.3%, down 3.4 percentage points year-on-year but up 2.7 percentage points quarter-on-quarter [2][8]. - Huichuan Technology reported a significant revenue increase of 38% and a net profit increase of 63% in Q1 2025 [2][26]. Power Equipment Sector - The power equipment sector's revenue for Q1 2025 was 118.8 billion, a 4% increase year-on-year, with net profits at 7.1 billion, reflecting a 6% increase [2][6]. - The gross profit margin for the power equipment sector was under pressure, with a slight decline in profitability observed [2][8]. - The report highlights that the high-voltage and ultra-high voltage segments are beginning to rebound, with revenue growth expected in the coming quarters [2][26]. Investment Recommendations - For the power grid sector, the report recommends companies such as Siyi Electric, Samsung Medical, and China West Electric, while suggesting a watch on companies like Huaming Equipment and Mingyang Electric [2][26]. - In the industrial control sector, recommended companies include Huichuan Technology, Hongfa Technology, and Sanhua Intelligent Control, with a focus on companies like Megmeet and Hechuan Technology for potential growth [2][26].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][5]. Core Views - The company achieved a revenue of 390 million yuan in Q1 2025, representing a year-on-year increase of 18.16%, and a net profit attributable to the parent company of 60 million yuan, up 5.60% year-on-year [3]. - The company is focusing on the growth of its digital energy segment, which saw a significant year-on-year increase of 1216%, with revenue reaching 10.01 million yuan in Q1 2025 [4]. - The company is expected to benefit from a cyclical recovery and internal cost reduction, with projected revenues of 2.11 billion yuan, 2.52 billion yuan, and 3.01 billion yuan for 2025, 2026, and 2027 respectively [5]. Financial Performance - In Q1 2025, the company reported revenue from variable frequency drives of 230 million yuan (up 18% year-on-year) and servo systems revenue of 130 million yuan (up 10% year-on-year) [4]. - The company’s overseas revenue reached 99 million yuan in Q1 2025, a 29% increase year-on-year, while domestic revenue was 280 million yuan, up 15% year-on-year [4]. - The company’s R&D investment in Q1 2025 was 50 million yuan, reflecting a year-on-year increase of 7.8% [4]. Earnings Forecast - The forecast for net profit attributable to the parent company for 2025, 2026, and 2027 is 330 million yuan, 390 million yuan, and 480 million yuan respectively [5]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 1.55 yuan, 1.86 yuan, and 2.25 yuan respectively [7]. - The company is expected to maintain a price-to-earnings (P/E) ratio of 33, 27, and 22 for the years 2025, 2026, and 2027 respectively [7].