Core Insights - The article provides a comprehensive overview of the inductor component industry, detailing its supply chain, key players, and recent investment trends in China [1][2][12]. Industry Overview - The inductor component industry supply chain consists of upstream materials (ferrite powder, dielectric ceramic powder, magnetic cores, conductive materials), midstream manufacturing (various types of inductors), and downstream applications in electronics, automotive, and communication sectors [1][2]. - Major upstream suppliers include Hengdian East Magnetic, Suzhou Good, and Yunnan Copper, while midstream manufacturers include domestic firms like Sunlord Electronics and MPS Technology, and international players like TDK and Murata [2]. Regional Distribution - Guangdong and Zhejiang provinces are the primary hubs for inductor component companies in China, with 6,850 and 6,390 firms respectively as of August 2025 [5]. - Representative companies in Guangdong include Fenghua Advanced Technology and Sunlord Electronics, while Zhejiang features Yuhang Electronics and Baide Electronics [7]. Key Players and Financials - Notable companies in the industry and their revenue from inductor-related businesses include: - Sunlord Electronics: Revenue of 58.52 billion, accounting for 99.23% of total business [10] - MPS Technology: Revenue of 17.53 billion, accounting for 55.64% [10] - Fenghua Advanced Technology: Revenue of 48.66 billion, accounting for 98.51% [10] - Keleke: Revenue of 38.99 billion, accounting for 83.08% [10] Investment Trends - Recent investments in the inductor sector include: - Alu Technology plans to invest 450 million in a new high-end integrated inductor project in Huizhou, expected to yield a post-tax internal rate of return of 23.34% [13]. - Fenghua Advanced Technology is expanding production capacity for integrated inductors and laminated inductors to meet market demand [12][13]. - Sunlord Electronics has completed a project in Dongguan, projected to become the largest passive component manufacturing base globally, with an expected annual output value of 4.5 billion [13].

电感器件行业进口情况 转自：前瞻产业研究院 行业主要上市公司：顺络电子(002138);麦捷科技(300319);风华高科(000636);铂科新材(300811);可立克 (002782);商络电子(300975)等。 本文核心数据：中国电感器件进出口金额;中国电感器件贸易顺差 电感器件行业进出口总况 根据世界海关组织指定的《商品名称及编码协调制度的国际公约》，中国海关对电感器件行业进出口贸 易的统计名称和HS编码主要是"85045000其他电感器"。 与2023年相比，2024年电感器件进出口总金额有所增长，为56.55亿美元，同比增长3.4%。其中进口金 额为23.83亿美元，出口金额32.72亿美元，实现贸易顺差8.9亿美元。2025年1-7月，中国电感器件进出 口总金额和贸易顺差分别为34.63亿美元和7.84亿美元。 2021-2024年中国电感器件进口金额整体呈现下降趋势，2024年中国电感器件进口金额为23.83亿美元， 同比下降0.7%。从进口数量来看，2021-2024年电感器件进口数量整体呈现下降趋势，2024年进口数量 有所回升，约为1702亿个，同比增长7.7%。2025年1-7月电 ...

Core Viewpoint - The stock price of Shunluo Electronics has experienced fluctuations, with a year-to-date increase of 13.72% but a recent decline of 2.82% over the last five trading days [2] Company Overview - Shunluo Electronics, established on September 8, 2000, and listed on June 13, 2007, is located in Longhua District, Shenzhen, Guangdong Province. The company specializes in the research, production, and sales of new electronic components, including chip inductors and chip varistors [2] - The main business revenue composition is 99.13% from chip electronic components and 0.87% from other sources [2] - As of June 30, 2025, the company had 39,400 shareholders, a decrease of 7.57% from the previous period, with an average of 19,220 circulating shares per shareholder, an increase of 8.64% [2] Financial Performance - For the period from January to June 2025, Shunluo Electronics achieved operating revenue of 3.224 billion yuan, representing a year-on-year growth of 19.80%. The net profit attributable to shareholders was 486 million yuan, reflecting a year-on-year increase of 32.03% [2] Dividend Information - Since its A-share listing, Shunluo Electronics has distributed a total of 2.32 billion yuan in dividends, with 869 million yuan distributed over the past three years [3] Shareholding Structure - As of June 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 50.2593 million shares, a decrease of 8.0397 million shares from the previous period. Other notable shareholders include Xingquan Trend Investment Mixed Fund and Southern CSI 500 ETF, with varying changes in their holdings [3]

股票代码：002138 股票简称：顺络电子 编号：2025-076 深圳顺络电子股份有限公司 关于股东部分股份质押及解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳顺络电子股份有限公司（以下简称"公司"）于近日接到公司股东新余市 恒顺通电子科技开发有限公司（以下简称"恒顺通"）通知，获悉恒顺通将持有 本公司部分股份办理质押及解除质押业务，现将有关事项公告如下： | 是否为控股 | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东或第一 | 本次解除质押 | 占其所持股 | 占公司总股 | 股东名称 | 起始日 | 解除日期 | 质权人 | | | | | | | | | | 大股东及其 | 股份数量（股） | 份比例 | 本比例 | | | | | | | | | | | | | | 一致行动人 | | | | | | | | ...

Core Viewpoint - Shunluo Electronics has shown a positive stock performance with a year-to-date increase of 16.63% and a significant rise of 29.00% over the past 60 days, indicating strong market interest and potential growth in the electronic components sector [1][2]. Financial Performance - For the first half of 2025, Shunluo Electronics reported a revenue of 3.224 billion yuan, representing a year-on-year growth of 19.80%, while the net profit attributable to shareholders was 486 million yuan, up 32.03% compared to the previous year [2]. - Cumulatively, since its A-share listing, the company has distributed a total of 2.32 billion yuan in dividends, with 869 million yuan distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Shunluo Electronics decreased by 7.57% to 39,400, while the average number of circulating shares per person increased by 8.64% to 19,220 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 50.2593 million shares, a decrease of 8.0397 million shares from the previous period [3].

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 电子陶瓷是无源电子元件的核心材料，是电子信息技术的重要材料基础。近年来，随着电子信息技术日 益走向集成化、薄型化、智能化和微型化，以半导体技术为基础的有源器件和集成电路迅速发展，而无 源电子元件日益成为电子元器件技术的发展瓶颈，因此 电子陶瓷材料及其制备加工技术越来越成为制 约电子信息技术发展的重要核心技术之一 。 我国是无源电子元件大国，从产品产量上看，无源元件的产量占到了全球的40%以上；但不是强国，元 件产值不足全球产值的四分之一，高端元件大量依赖进口。 电子陶瓷材料及技术是制约高端元件发展的重要因素之一 。从战略高度研判国内外电子陶瓷材料与元 器件技术的发展现状，分析我国相关领域的问题及对策，对于推动我国高端电子元器件产业的发展具有 重要意义。 一、国际电子陶瓷产业技术发展现状与趋势 从全球电子陶瓷产业技术水平看，日本和美国处于世界的领先地位。 其中，日本凭借其超大规模的生 产和先进制备技术，在世界电子陶瓷市场中具有主导地位，占有世界电子陶瓷市场50%以上的份额。 美国在基础研究和新材料开发方面力 ...

当前，AI服务器作为人工智能发展的核心基础设施，其应用边界正实现从集中式模型训练向全行业深度落地的跨越式拓展，持续为千行百业 的智能化转型注入强劲动力。然而，当英伟达B300GPU的整机功耗突破2000W大关，当单台AI服务器集群需要承载每秒10^18次浮点运算的超 高负荷，电力系统的稳定性已成为制约算力充分释放的核心瓶颈。在这一背景下，MLCC、电感等被动元器件虽体积微小，却凭借其不可替 代的功能，成为支撑AI算力稳定运行的基石级元件。 那么掘金AI服务器，本土被动元器件厂商——三环集团、顺络电子、风华高科、麦捷科技、火炬电子、宏达电子、泰晶科技、达利凯普等多 家A股上市公司的研发能力和实际进展如何？ 三环集团/顺络电子研发投入领先 从研发人员数量来看，三环集团研发人员数量稳居第一达1877人，顺络电子研发人员数量位居第二达1354人，风华高科研发人员数量位居第 三达1336人，麦捷科技研发人员数量为568人，宏达电子研发人员数量为336人，火炬电子研发人员数量为296人，泰晶科技研发人员数量为 227人，达利凯普研发人员数量为46人。 多家厂商已打开AI服务器市场 在持续研发投入的加持下，三环集团、顺络电 ...

Industry Overview - Passive components are essential for devices like smartphones, tablets, and laptops, with a significant increase in the number of components required for AI functionalities, such as MLCCs, which have increased by 20%-30% compared to traditional phones [2] - The demand for passive components in electric vehicles is projected to grow from $1.55 billion in 2021 to $4.29 billion by 2027, with a compound annual growth rate (CAGR) of 18.5% [2] Company Performance - In the first half of the year, the revenue rankings are as follows: SanHuan Group at 414.88 million, Shunluo Electronics at 322.42 million, and Fenghua Advanced Technology at 277.15 million [5] - Net profit rankings for the same period are led by SanHuan Group with 123.71 million, followed by Shunluo Electronics at 48.59 million, and Huojue Electronics at 26.13 million [7] - SanHuan Group and Shunluo Electronics maintain strong positions in both revenue and net profit within the industry [8] Inventory Analysis - SanHuan Group has the highest inventory at 216.32 million, followed by Huojue Electronics at 137.85 million, and Shunluo Electronics at 114.41 million [10] - In terms of gross margin, Dali Kipu leads with 67.48%, followed by Hongda Electronics at 57.3%, and SanHuan Group at 42% [11] - Huojue Electronics has the highest inventory impairment provision at 19.89 million, indicating weaker market demand compared to SanHuan Group and Shunluo Electronics, which have higher inventory but better turnover efficiency [13] Inventory Turnover - Hongda Electronics has the longest inventory turnover days at 459.1 days, while Shunluo Electronics has 94.4 days, indicating varying efficiency in inventory management across companies [14]

Group 1 - The core viewpoint is that automotive electronics have become a significant strategic direction for the company, with a comprehensive coverage in electric vehicle systems, battery management, and power control [1] - The company's automotive electronics products have extended into smart driving and smart cockpit areas, including various vehicle-specific transformers, power inductors, magnetic rings, and ceramic products [3] - Industry experts believe that as the global automotive industry accelerates its transition to electrification and intelligence, the automotive electronics market is continuously expanding, and the company is expected to support its performance growth through increased R&D investment and product line expansion [3]

（文章来源：证券日报） 证券日报网讯顺络电子9月26日发布公告，在公司回答调研者提问时表示，公司目前订单饱满，三季度 为公司传统旺季，产能利用率保持了较高的水平。 ...