| 证券代码：002276 | 证券简称：万马股份 | | 公告编号：2025-048 | | --- | --- | --- | --- | | 债券代码：149590 | 债券简称：21 万马 | 01 | | 浙江万马股份有限公司 关于 2023 年限制性股票激励计划首次授予部分限制 性股票第一个解除限售期解除限售条件成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、浙江万马股份有限公司（以下简称"公司"）2023 年限制性股票激励计 划（以下简称"本激励计划"）首次授予部分限制性股票第一个解除限售期解除 限售条件已经成就，本次符合解除限售条件的激励对象共计 155 人，可解除限 售的限制性股票数量为 2,172,210 股、占公司当前总股本的 0.21%。 2、本次解除限售的限制性股票在办理完成解除限售手续、上市流通前，公 司将发布相关提示性公告，敬请投资者注意。 公司于 2025 年 8 月 17 日召开第六届董事会第三十八次会议及第六届监事 会第二十二次会议，审议通过《关于 2023 年限制性股票激励计划首次授予部分 限制 ...

| 证券代码：002276 | 证券简称：万马股份 | 公告编号：2025-045 | | --- | --- | --- | | 债券代码：149590 | 债券简称：21 | 万马 01 | 浙江万马股份有限公司 关于开展票据池业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 浙江万马股份有限公司（以下简称"公司"）第六届董事会第三十八次会议 于 2025 年 8 月 17 日审议通过《关于开展票据池业务的议案》，同意公司及子公 司拟与国内商业银行开展合计即期余额不超过人民币 30 亿元的票据池业务，上 述额度可以循环滚动使用。该事项尚需提交公司股东大会审议。具体情况如下： 一、票据池业务情况概述 1.业务概述 票据池业务是指协议银行为满足企业客户对所持有的商业汇票进行统一管 理、统筹使用的需求，向企业提供的集票据托管和托收、票据质押池融资、票据 贴现、票据代理查询、业务统计等功能于一体的票据综合管理服务。 限内，该额度可滚动使用。具体每笔发生额授权公司管理层根据公司及子公司的 经营需要按照系统利益最大化原则确定。 5.担保方式 在风险可控的前提 ...

8月18日，万马股份(002276.SZ)低开1.84%，截至9时36分跌幅收窄0.89%，报15.58元/股。 消息面上，昨天晚间，万马股份发布公告称，公司及相关人员收到浙江证监局出具的《关于对浙江万马股份有限公司及相关人 员采取出具警示函措施的决定》。《警示函》指出，公司存在部分投资事项未及时经董事会审议并对外披露，部分投资项目重 大进展情况未披露或未及时披露的违规行为。 具体来看，2022年3月21日，万马股份子公司与相关方签署《福清万马万华上下游一体化项目投资合同》，拟共同出资10亿元建 设环保线缆高分子材料项目，但万马股份直至当年5月21日才提交董事会审议并披露。 针对上述事件相关细节，21财经·南财快讯记者以投资者身份致电万马股份，接线人员表示需转接相关负责人，但多次回拨均无 人接听。万马股份在公告中表示，将吸取教训，加强关法律法规的学习和落实，并强调本次行政监管措施不会影响公司正常的 生产经营管理活动。 公开资料显示，万马股份创始于1989年，2009年在深交所挂牌上市；2012年，公司对旗下电缆产业实施了重大资产重组，重组 后，业务涵盖新智造、新材料、新能源三大事业。 当前万马股份正处于业绩修 ...

经济观察网浙江万马股份（002276）有限公司8月18日发布公告称，近日收到浙江证监局《警示函》 (〔2025〕177号)。经查，公司存在部分投资事项未及时履行董事会审议及披露义务、部分项目重大进 展披露不及时等问题，违反《上市公司信息披露管理办法》。浙江证监局对公司及时任董事长李刚、总 经理徐兰芝等相关责任人采取出具警示函的监管措施，并记入诚信档案。 公司表示高度重视问题，将加强规范运作，确保信息披露合规。此次监管措施不影响公司正常经营。公 司股票近期交易正常，敬请投资者注意风险。 ...

Core Viewpoint - Wanma Co., Ltd. received a warning letter from the Zhejiang Securities Regulatory Bureau due to violations of information disclosure regulations [1] Group 1: Regulatory Actions - The Zhejiang Securities Regulatory Bureau issued a warning letter (Decision No. 177 [2025]) to Wanma Co., Ltd. and related personnel [1] - The company failed to timely disclose certain investment matters and significant developments of investment projects, violating the Information Disclosure Management Measures for Listed Companies [1] Group 2: Individuals Involved - The warning letter also addresses the actions of the company's former chairman Li Gang, general manager Xu Lanzhi, former general manager Zhang Shanshan, and board secretary Zhao Yukai for their role in the violations [1] - These individuals are subject to the same supervisory measures as the company, which includes being recorded in the securities and futures market integrity archives [1]

浙江证监局在现场检查中发现公司部分投资事项未及时经董事会审议并对外披露，部分投资项目重大进 展情况未披露或未及时披露。 公司上述相关行为违反了《上市公司信息披露管理办法》(证监会令第182号)第三条第一款规定，公司 时任董事长李刚、总经理徐兰芝、时任总经理张珊珊、董事会秘书赵宇恺违反了《上市公司信息披露管 理办法》(证监会令第182号)第四条，第五十一条第一款、第二款规定。根据《上市公司信息披露管理 办法》(证监会令第182号)第五十二条规定，浙江证监局决定对公司、李刚、徐兰芝、张珊珊、赵宇恺 分别采取出具警示函的监督管理措施，并记入证券期货市场诚信档案。 万马股份(002276.SZ)发布公告，近日，公司及相关人员收到中国证券监督管理委员会浙江监管局(简 称"浙江证监局")出具的《关于对浙江万马股份有限公司及相关人员采取出具警示函措施的决定》 (〔2025〕177号)(简称《警示函》)。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

| 证券代码：002276 | 证券简称：万马股份 | | | 公告编号：2025-038 | | --- | --- | --- | --- | --- | | 债券代码：149590 | 债券简称：21 | 万马 | 01 | | 浙江万马股份有限公司 关于收到浙江证监局警示函的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 近日，浙江万马股份有限公司（以下简称"公司"）及相关人员收到中国证券 监督管理委员会浙江监管局（以下简称"浙江证监局"）出具的《关于对浙江万马 股份有限公司及相关人员采取出具警示函措施的决定》（〔2025〕177 号）（以 下简称《警示函》），现将相关内容公告如下： 一、《警示函》内容 浙江万马股份有限公司、李刚、徐兰芝、张珊珊、赵宇恺： 我局在现场检查中发现浙江万马股份有限公司（以下简称公司）部分投资事 项未及时经董事会审议并对外披露，部分投资项目重大进展情况未披露或未及时 披露。 公司上述相关行为违反了《上市公司信息披露管理办法》（证监会令第 182 号）第三条第一款规定，公司时任董事长李刚、总经理徐兰芝、时任总经理张珊 珊 ...

Group 1 - The Chinese government has officially included 6G technology in its future industry cultivation framework, indicating its strategic importance alongside other technologies like biomanufacturing and quantum technology [2] - By 2040, the number of 6G terminal connections is expected to increase by over 30 times compared to 2022, with monthly data traffic projected to grow by over 130 times, leading to a market potential of hundreds of billions of terminal connections and trillions of GB in monthly traffic [4][2] Group 2 - The Ministry of Industry and Information Technology has emphasized the acceleration of 6G research and development, aiming to enhance the quality of the information and communication industry and promote industrial internet innovation [2] - The 6G standardization process is set to begin in June 2025, with the first version of the technical specifications expected to be completed by March 2029 [3] - China has maintained a leading position in 6G patent applications, with 89.9% of these being invention applications, showcasing its strength in 6G innovation [3] Group 3 - Several companies are proactively engaging in 6G-related research and development, with ZTE successfully completing tests in areas such as communication perception integration and wireless artificial intelligence [5] - Companies like Sunlord Electronics and Shenglu Communication are also involved in foundational research for 6G technology, focusing on various communication components and network integration strategies [5] - Wanma Co. has indicated its commitment to closely follow the developments in 6G technology and its applications [6] Group 4 - Among the 6G concept stocks, 15 companies are projected to achieve profitability in 2024, with some experiencing significant year-on-year profit growth [6] - Yiyuan Communication is expected to report a net profit of approximately 540 million yuan in 2024, reflecting a year-on-year increase of about 495.33%, driven by the recovery in the IoT market [6] - Major companies like China Mobile are actively involved in 6G research and are focusing on standard formulation and related work to prepare for future developments [6]

Investment Rating - The investment rating for the AIDC power equipment and grid industry is "Outperform the Market" (maintained rating) [1] Core Viewpoints - The demand for AIDC power equipment is expected to grow significantly due to the increasing capital expenditure by major cloud service providers, with a projected annual growth rate of 20% from 2025 to 2030 [5][13] - The market space for various AIDC power equipment segments, including dry-type transformers, medium and low voltage switchgear, UPS, HVDC, and solid-state transformers, is estimated to reach significant values by 2030 [12][13] - The industry is witnessing a shift towards domestic companies gaining competitive advantages in the data center sector, with a potential overall value chain transfer to Chinese enterprises [5] AIDC Power Equipment Summary - Recent capital expenditures by North America's four major cloud service providers reached $95 billion in Q2, a year-on-year increase of 66% [5] - The projected global AI computing load from 2025 to 2030 is expected to be 9.7, 15.9, 20.2, 22.3, 23.4, and 24.6 GW respectively, with corresponding AIDC power equipment demand estimated at 29, 48, 60, 67, 70, and 74 GW [5][13] - The market space for dry-type transformers, medium and low voltage switchgear, UPS, HVDC, and solid-state transformers is expected to reach 85, 341, 41, 380, and 239 billion yuan respectively by 2030 [12][13] - Recent performance in the AIDC power equipment sector shows significant increases, with high-voltage direct current (HVDC) rising by 19.7%, server power supplies by 11.3%, and lead-acid batteries by 8.5% [5] - Key companies in the AIDC power equipment sector include Jinpan Technology, Mingyang Electric, Hezhong Electric, and others [5] Grid Industry Summary - In June 2025, the total investment in national power engineering reached 105.7 billion yuan, a year-on-year increase of 22.5% [31] - The total investment in national grid engineering for the first half of 2025 was 291.1 billion yuan, reflecting a year-on-year increase of 14.6% [32] - The recent bidding for the State Grid's fourth batch of substation equipment amounted to approximately 12.77 billion yuan, with a cumulative estimated bidding amount for the year reaching 66.84 billion yuan, a year-on-year increase of 20.5% [58] - The grid equipment sector has also seen significant stock performance, with cable components and other equipment rising by 6.8% recently [5] - Key focus areas for the grid industry include high-voltage orders, virtual power plants, and international expansion opportunities [5]

证券代码：002276 证券简称：万马股份 公告编号：2025-037 债券代码：149590 债券简称：21 万马 01 司债券（第一期）（以下简称"本期债券"） 日（含）前买入并持有本期债券的投资者享有本次派发的利息；2025 年 8 月 8 日卖出本期债券的投资者不享有本次派发的利息。 根据本公司《浙江万马股份有限公司 2021 年面向合格投资者公开发行公司 债券（第一期）募集说明书》有关条款的约定，为保证本次付息工作的顺利进行， 现将有关事宜公告如下： 一、本期债券概览 债券（第一期） 据簿记建档情况进行配售的发行方式。 及相关法律法规规定的合格机构投资者，本期债券的合格投资者应当符合以下资 质：（1）经有关金融监管部门批准设立的金融机构，包括证券公司、基金管理 -1- 公司及其子公司、期货公司、商业银行、保险公司和信托公司等，以及经中国证 券投资基金业协会登记的私募基金管理人；（2）上述金融机构面向投资者发行 的理财产品，包括但不限于证券公司资产管理产品、基金及基金子公司产品、期 货公司资产管理产品、银行理财产品、保险产品、信托产品以及经中国证券投资 基金业协会备案的私募基金；（3）净资产不低于一千 ...