证券代码：002335 证券简称：科华数据 公告编号： 2025-068 科华数据股份有限公司 第九届监事会第十三次会议决议公告 本公司及其监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 科华数据股份有限公司（以下简称 "科华数据"或"公司"）第九届监事 会第十三次会议通知已于2025年8月18日以邮件方式送达全体监事。本次会议于 2025年8月29日下午在公司会议室召开。本次会议应到监事3人，实到监事3人。 会议的内容以及召集、召开的方式、程序均符合《公司法》和《公司章程》的规 定。会议由公司监事会主席黄劲松先生召集并主持。 与会监事经过充分的讨论，审议通过以下决议： 一、以同意票3票，反对票0票，弃权票0票，审议通过《关于科华数据股份 有限公司2025年半年度报告及其摘要的议案》。 1、公司半年报编制和审议的程序符合法律、法规、《公司章程》和公司内 部管理制度的规定；2、半年报的内容和格式符合中国证券监督管理委员会和深 圳证券交易所的各项规定，所包含的信息能真实地反映出公司2025年上半年的经 营管理情况和财务状况；3、在提出本意见前，未发现参与半年度报告编制的人 员 ...

本议案已经审计委员会审议通过。 证券代码：002335 证券简称：科华数据 公告编号：2025-067 科华数据股份有限公司 第九届董事会第二十五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的 虚假记载、误导性陈述或重大遗漏承担责任。 科华数据股份有限公司（以下简称"科华数据"或"公司"）第九届董事会 第二十五次会议通知已于2025年8月18日以邮件方式送达全体董事。本次会议于 2025年8月29日上午9:30以现场与通讯相结合的方式召开并表决。本次会议应到董 事7人，实到董事7人，公司监事和高级管理人员也出席了本次会议。会议的内容 以及召集、召开的方式、程序均符合《公司法》和《公司章程》的规定。会议由 公司董事长陈成辉先生召集并主持。 与会董事经过充分的讨论，审议通过以下决议： 一、以同意票7票，反对票0票，弃权票0票，审议通过了《关于科华数据股份 有限公司2025年半年度报告及其摘要的议案》。 根据《公司法》《公司章程》《上市公司信息披露管理办法》及其他有关规 定，经董事会核准，认为《科华数据股份有限公司2025年半年度报告（全文及其 摘要）》的编制和审核程序符合法律、 ...

广发证券股份有限公司 关于科华数据股份有限公司 使用部分闲置募集资金进行现金管理的核查意见 广发证券股份有限公司（以下简称"广发证券"或"保荐机构"）作为科华数 据股份有限公司（以下简称"科华数据"或"公司"）2023年向不特定对象发行可 转换公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交 易所股票上市规则》《上市公司募集资金监管规则》等有关规定，对科华数据使用 部分闲置募集资金进行现金管理事项进行了核查，核查的具体情况及核查意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意科华数据股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1681号），公司于2023 年8月23日向不特定对象发行了14,920,680张可转换公司债券，发行价格为每张100 元，募集资金总额149,206.80万元，扣除各项发行费用后，实际募集资金净额为 148,066.32万元，上述款项已于2023年8月29日全部到账。容诚会计师事务所（特殊 普通合伙）对公司本次募集资金到位情况进行了审验，并于2023年8月30日出具了容 诚验字[2023]361Z0043 ...

一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意科华数据股份有限公司向 不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1681号），公 司于2023年8月23日向不特定对象发行了14,920,680张可转换公司债券，发行价格 为每张100元，募集资金总额149,206.80万元，扣除各项发行费用后，实际募集资 金净额为148,066.32万元，上述款项已于2023年8月29日全部到账。容诚会计师事 务所（特殊普通合伙）对公司本次募集资金到位情况进行了审验，并于2023年8月 30日出具了容诚验字[2023]361Z0043号《验资报告》。公司已对上述募集资金进 行了专户存储，并会同保荐机构与相关开户银行签订了《募集资金三方监管协 议》。 根据《科华数据股份有限公司向不特定对象发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"），并结合公司实际的募集资金净额，经公司第 九届董事会第七次会议决议调整，本次向不特定对象发行可转换公司债券的募投 项目及募集资金使用计划如下： 单位：万元 广发证券股份有限公司 关于科华数据股份有限公司 使用部分闲置募集资金暂时补充流动资金的核查 ...

科华数据股份有限公司 2025 年半年度报告全文 科华数据股份有限公司 2025 年半年度报告 2025-073 【2025 年 8 月 30 日】 1 科华数据股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人陈成辉、主管会计工作负责人汤珊及会计机构负责人(会计主 管人员)汤珊声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质 承诺，请投资者及相关人士对此保持足够的风险认识，并理解计划、预测与 承诺之间的差异。公司在本报告中的"管理层讨论与分析——公司面临的风 险和应对措施"部分描述了公司经营中可能存在的重大风险及其应对措施， 敬请广大投资者注意阅读。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | | --- | --- | --- | --- ...

Summary of Key Points from Conference Call Industry Overview - The conference call focuses on the centralized computing power market, specifically the comparison between HVDC (High Voltage Direct Current) and UPS (Uninterruptible Power Supply) systems, highlighting the advantages of HVDC in terms of reliability, efficiency, and space utilization [1][3][5]. Core Insights and Arguments - **Market Adoption**: Domestic CSP (Cloud Service Providers) like Alibaba and Tencent have widely adopted HVDC systems, while overseas market penetration remains in its early stages [1][5]. - **SST Development**: Solid State Transformers (SST) are viewed as an upgrade to HVDC, primarily driven by advancements in power electronics technology. Although SST won't see mass application in the short term, it represents a potential upgrade path for integrated systems [1][6]. - **Investment Potential**: The UPS and HVDC sectors have shown strong performance recently, with stock prices rising approximately 30%. North American HVDC penetration is expected to surge from 3-5% to over 50% by the second half of 2026, indicating significant investment opportunities [1][7]. - **Overseas Market Dynamics**: The overseas UPS market has experienced positive price and profit changes due to stable market conditions and shifts in supply-demand dynamics. Chinese companies like Kehua Data and Shenghong are actively entering this market, laying the groundwork for future HVDC business [1][9]. Company-Specific Insights - **Kehua Data**: The company has a strong presence in the data center sector, boasting leading technologies in UPS, HVDC, and liquid cooling systems. It holds a significant market share in Tencent's systems, with liquid cooling technology already implemented in the U.S. market. ITC orders have seen rapid growth, with a potential performance inflection point expected in Q3 [1][10]. - **Chinese Companies in the U.S.**: Companies like Shenghong and Kehua Data are making notable strides in the U.S. data center power quality sector, enhancing their profitability and establishing a foundation for future HVDC market entry [1][11]. Additional Important Insights - **Market Trends**: The power conversion sector is witnessing a significant increase in power density, with expectations of cabinet power density rising from 130-140 kW to 600-650 kW by 2027, presenting both challenges and opportunities [2]. - **UPS Shortage Impact**: The current shortage of UPS systems provides Chinese companies with opportunities to participate in North American tenders and meet overseas OEM demands, significantly enhancing their profitability [1][19]. - **Future Demand for HVDC**: Companies with UPS experience are more likely to transition to HVDC, indicating a strong future demand for those already established in the UPS market [1][20]. - **Taiwanese Companies' Progress**: Taiwanese firms like Delta and Lite-On have launched advanced HVDC solutions, showcasing their rapid development in the field [1][23]. Conclusion - The HVDC and UPS markets are poised for significant growth, driven by technological advancements and increasing demand in North America. Companies that adapt to these trends and leverage their existing market positions are likely to see substantial benefits in the coming years [1][7][20].

Core Viewpoint - Brazil's energy storage industry is on the verge of explosive growth, driven by the implementation of regulatory frameworks and increasing demand for solar energy storage solutions [2][3]. Group 1: Market Overview - Brazil's solar power generation is expected to increase its share in the total energy mix from 22.2% at the end of 2024 to 32.9% by 2029, with installed capacity rising from 51.7 GW to 88.2 GW, a net increase of 36.5 GW [2]. - The Brazilian Energy Storage Association (ABSAE) predicts that the solar energy storage sector will attract approximately 44 billion Brazilian Reais (around 8.46 billion USD) in investments by 2030, with off-grid systems, grid-level projects, and commercial/industrial storage each accounting for one-third of total investments [2]. - In 2024, battery storage demand in Brazil surged by 89%, with some regions experiencing over 190 hours of power outages annually, highlighting the urgent need for storage solutions among households and agricultural users [2]. Group 2: Regulatory and Policy Environment - The urgency of integrating battery storage systems into Brazil's electricity structure was emphasized by Rodrigo Sauaia, Executive Chairman of the Brazilian Solar Energy Association (ABSOLAR), noting that approximately 1 billion Brazilian Reais of renewable energy in the Northeast market remains unused due to a lack of infrastructure and planning [3]. - The development of storage solutions is currently hindered by pending regulatory policies, but the market is expected to flourish once these policies are established [3]. Group 3: Company Developments - CATL showcased its TENER Stack, a 9MWh modular energy storage system that improves land use efficiency by 45% and energy density by 50% compared to traditional systems [6]. - Trina Solar presented its Elementa series, which combines components, brackets, and storage to address grid stability challenges in Latin America, with a total shipment of 9 GW in Brazil and 19 GW in Latin America [10]. - Risen Energy introduced its Risen Sunease system and Risen Stack1, emphasizing safety and rapid deployment capabilities [12]. - Kehua Tech displayed its 1500V energy storage solution, designed to operate reliably in diverse climatic conditions across South America [15]. - Sungrow launched its integrated solar-storage solutions, addressing the structural electricity shortages in Brazil [17]. Group 4: Strategic Collaborations - During the exhibition, several companies, including Sungrow and DONG Energy, signed strategic cooperation agreements with local renewable energy firms to deepen collaboration in the storage sector [20].

Market Overview - The market experienced a significant drop, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down by 1.76%, 1.43%, and 0.69% respectively, with over 4,700 stocks declining and only around 600 stocks rising [4] - Despite the indices showing a modest decline, the actual market impact was severe, indicating a split market where many stocks were falling while a few were driving index gains [5][6] Sector Performance - The computing power concept stocks saw a strong morning surge, with companies like Runjian Co., Meige Intelligent, and Dawang Technology hitting the daily limit, but faced significant sell-offs later [3] - The rare earth sector continued to perform well, with companies like Beikong Technology and Northern Rare Earth reaching their daily limit [3] - The CPO sector also experienced a notable rise, with Cambridge Technology achieving three consecutive limit-ups [3] Notable Stocks - Cambrian's stock price rose over 10% to exceed 1,460 yuan, surpassing Kweichow Moutai, which fell to 1,448 yuan, leading to discussions about Cambrian becoming the "new stock king" [11] - Alibaba-related computing power stocks initially surged but ultimately closed down by 1.81%, despite positive speculation about Alibaba's upcoming earnings report [14] - Zhouming Technology announced a partnership with Saudi Arabia's Al-Nassr Club, which initially boosted its stock price but ultimately closed down by 2% [16] Policy Impact - The Ministry of Commerce announced plans to introduce policies to promote service exports, which led to a temporary surge in Cross-Border Communication's stock price, although the connection to cross-border e-commerce remains tenuous [18]

Market Overview - The other power equipment sector increased by 0.27% on August 27, with Maigemit leading the gains [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Top Performers - Maigemit (002851) closed at 86.03, up 10.00% with a trading volume of 330,800 shares and a transaction value of 2.817 billion [1] - Aikesaibo (688719) closed at 42.50, up 6.06% with a trading volume of 50,900 shares and a transaction value of 217 million [1] - Oulutong (300870) closed at 262.00, up 4.85% with a trading volume of 99,100 shares and a transaction value of 2.624 billion [1] Underperformers - Dongliyuan (600405) closed at 6.70, down 8.22% with a trading volume of 1,081,800 shares and a transaction value of 742 million [2] - ST Huaxi (002630) closed at 2.67, down 4.30% with a trading volume of 901,100 shares and a transaction value of 247 million [2] - Yingkerui (300713) closed at 18.88, down 3.92% with a trading volume of 57,800 shares and a transaction value of 112 million [2] Capital Flow - The other power equipment sector experienced a net outflow of 571 million from institutional investors, while retail investors saw a net inflow of 733 million [2] - The top net inflows from retail investors included Maigemit with 618 million and Kewai Data with 20.6 million [3] - The top net outflows from institutional investors included Maigemit with 413 million and Kewai Data with 24.2 million [3]

Group 1 - The computing power leasing sector experienced significant gains in the afternoon, with multiple companies reaching new highs [1] - Yitian Intelligent and Hongjing Technology hit intraday record highs, while Qiming Information achieved a consecutive two-day increase [1] - Companies such as Kehua Data, Data Port, and Runjian Co. saw their stock prices hit the daily limit, while Yuntian Lifa surged over 15% [1] Group 2 - Other companies including New Zhisoft, Youfang Technology, Dawi Technology, Capital Online, and UCloud also experienced upward movement in their stock prices [1]