证券简称：柘中股份 证券代码：002346 公告编号：2026-03 上海柘中集团股份有限公司 第一期员工持股计划第一次持有人会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、会议召开情况 上海柘中集团股份有限公司（以下简称"公司"）第一期员工持股计划（以 下简称"本员工持股计划"）第一次持有人会议于2026年3月27日形成有效决议。 参加本次持有人会议的持有人共计40名，代表本员工持股计划份额4581.4625万 份，占公司本员工持股计划已认购份额的62.65%。本次会议由董事会秘书李立传 先生召集并主持，本次会议的召集、召开和表决程序符合相关法律法规和本员工 持股计划的相关规定。 二、会议审议情况 证券简称：柘中股份 证券代码：002346 公告编号：2026-03 本次会议以记名投票表决方式审议并通过了以下议案： （一）审议通过了《关于设立上海柘中集团股份有限公司第一期员工持股 计划管理委员会的议案》； 根据《上海柘中集团股份有限公司第一期员工持股计划》和《上海柘中集团 股份有限公司第一期员工持股计划管理办法》的有关规定，同意设立公司第一 ...

证券简称：柘中股份 证券代码：002346 公告编号：2026-04 上海柘中集团股份有限公司 关于参股公司在香港联合交易所挂牌上市的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 特此公告。 上海柘中集团股份有限公司董事会 二〇二六年三月三十日 上海柘中集团股份有限公司（以下简称"公司"）为拓宽行业视野，深入了 解制造业发展前沿，促进公司转型升级，于 2021 年 12 月，出资人民币 4,000 万 元投资瀚天天成电子科技（厦门）股份有限公司（以下简称"瀚天天成"）。 2026 年 3 月 30 日，瀚天天成在香港联合交易所挂牌上市，首日收盘价 103 港元/股，收盘总市值 438.40 亿港元。公司对瀚天天成投资额为 4,000 万元人民 币，持有瀚天天成 125.83 万股股份，占瀚天天成上市发行前总股本比例 0.31%。 本次瀚天天成在香港联合交易所上市后，预计会对公司投资收益产生积极影响。 公司持有的瀚天天成股份尚处于锁定期，其公允价格及产生的投资收益尚存 在不确定性，瀚天天成上市后波动性较大，对公司最终净利润影响以公司披露的 定期报告为准。 ...

Core Viewpoint - The A-share market has seen a collective surge in power grid equipment stocks, driven by the increasing demand for AI and the recognition of electricity as a foundational element for technological advancement [1] Group 1: Market Performance - Zhiyang Innovation rose over 11.64%, with a total market value of 9.933 billion [2] - Tongguang Cable increased by 10.81%, reaching a market value of 8.725 billion [2] - Beijing Keri and Hangdian Co. both hit the daily limit, with market values of 6.074 billion and 11.5 billion respectively [2] - Shunma Electric grew by 7.10%, with a market value of 23 billion [2] - Sifang Co. increased by 5.92%, with a market value of 37.3 billion [2] - Other notable performers include Anke Rui, Wankong Zhizao, and Zhezhong Co., all showing gains above 4% [1][2] Group 2: Industry Outlook - The AI data center industry is expected to maintain high growth through 2026, supported by robust capital expenditure plans from leading internet companies [1] - Overseas power equipment manufacturers have shown strong performance, indicating high growth potential in the industry [1] - Companies providing power supply and distribution equipment for data centers are likely to see a surge in orders [1] - Technical service firms involved in smart grids, energy storage systems, and power dispatch systems will benefit from the ongoing smart grid transformation [1]

Group 1 - The A-share market saw a collective surge in power grid equipment stocks, with notable increases such as Zhiyang Innovation rising over 11% and Tongguang Cable nearly 11% [1] - The consensus in the tech industry is that "the end of computing power is electricity," highlighting the critical role of power infrastructure in supporting advancements in artificial intelligence [1] - A report from Founder Securities indicates that the AI data center industry is expected to maintain high growth through 2026, driven by significant capital expenditure plans from leading domestic and international internet companies [1] Group 2 - Companies directly providing power and distribution equipment to data centers are anticipated to see order growth first, while those involved in smart grid, energy storage systems, and power dispatch systems will benefit from the ongoing smart grid transformation [1] - The stock performance of key companies in this sector includes Zhiyang Innovation with a market cap of 9.933 billion and a year-to-date increase of 33.25%, and Tongguang Cable with a market cap of 8.725 billion and a year-to-date increase of 39.25% [2]

Group 1 - The company Zhezhong Co., Ltd. (002346) forecasts a net profit attributable to shareholders for 2025 between 360 million to 500 million yuan, representing a year-on-year increase of 392.14% to 583.53% [1] - The non-recurring profit and loss is expected to impact net profit by approximately 270 million to 400 million yuan, driven by changes in the fair value of financial assets and investment income [1] - Despite a decline in operating profit, the significant increase in net profit is expected to support the stock price [1] Group 2 - On February 12, 2026, Zhezhong's closing price was 20.69 yuan, with a single-day increase of 1.37% and a trading volume of 71.85 million yuan, reflecting a cumulative increase of 3.76% over the past five days [2] - The net inflow of main funds on that day was 2.5442 million yuan, indicating increased market activity [2] - The stock price is in a bullish trend, with the 20-day Bollinger Bands showing a resistance level at 21.66 yuan and a support level at 19.63 yuan [2] Group 3 - On February 6, Zhezhong had a net financing purchase of 959,700 yuan, with a financing balance reaching 289 million yuan; the cumulative net purchase over the past three days was 2.0635 million yuan, reflecting enhanced market confidence [3] - The performance of securities lending has been weak, with net selling occurring on 12 out of the last 20 trading days, indicating market divergence regarding future prospects [3] - The active financing aligns with the increase in stock price [3]

Core Insights - The article highlights significant profit forecasts for various companies in 2025, indicating a trend of recovery and growth across multiple sectors, with some companies projecting substantial increases in net profit compared to the previous year. Company Performance Forecasts - **Beimo High-Tech**: Expected net profit for 2025 is between 190 million to 220 million yuan, a year-on-year increase of 1076.16% to 1261.87% [2] - **Jiangfeng Electronics**: Plans to acquire control of Kaide Quartz, with stock suspension starting January 30 [3] - **ST Aowei**: Received a notice of termination of listing due to market capitalization falling below 500 million yuan for 20 consecutive trading days [4] - **GaoDe Infrared**: Forecasted net profit of 700 million to 900 million yuan for 2025, recovering from a loss of 447 million yuan in the previous year [6] - **Bingchuan Network**: Expected net profit of 436 million to 516 million yuan, recovering from a loss of 247 million yuan [6] - **BlueFocus**: Anticipated net profit of 180 million to 220 million yuan, recovering from a loss of 291 million yuan [7] - **Godewei**: Projected net profit of 125 million to 162 million yuan, turning from loss to profit [6] - **Zhongyida**: Expected net profit of 51.23 million yuan, recovering from a loss [8] - **Helin Micro-Nano**: Forecasted net profit of 26 million to 33 million yuan, turning from loss to profit [8] - **Zhongke Sanhuan**: Expected net profit of 80 million to 120 million yuan, a year-on-year increase of 566.23% to 899.35% [9] - **Beilu Pharmaceutical**: Projected net profit of 87 million to 130 million yuan, a year-on-year increase of 537.28% to 852.26% [9] - **Light Media**: Expected net profit of 1.5 billion to 1.9 billion yuan, a year-on-year increase of 413.67% to 550.66% [9] - **Zhezhong Co.**: Forecasted net profit of 360 million to 500 million yuan, a year-on-year increase of 392.14% to 583.53% [10] - **Hailanxin**: Expected net profit of 40 million to 60 million yuan, a year-on-year increase of 387.47% to 631.2% [10] - **Jin Control Power**: Projected net profit of 155 million to 195 million yuan, a year-on-year increase of 383.21% to 507.9% [11] - **Century Huatong**: Expected net profit of 5.55 billion to 6.98 billion yuan, a year-on-year increase of 357.47% to 475.34% [12] - **Chunxue Food**: Forecasted net profit of 36 million to 43 million yuan, a year-on-year increase of 340.90% to 426.63% [13] - **Shirong Zhaoye**: Expected net profit of 126 million to 186 million yuan, a year-on-year increase of 236.77% to 397.13% [13] - **Ningbo Yunsheng**: Projected net profit of 280 million to 380 million yuan, a year-on-year increase of 194.49% to 299.67% [14] - **Jiangbolong**: Expected net profit of 1.25 billion to 1.55 billion yuan, a year-on-year increase of 150.66% to 210.82% [16] - **China Shipbuilding**: Forecasted net profit of 7 billion to 8.4 billion yuan, a year-on-year increase of 65.89% to 99.07% [17] Fundraising and Restructuring - **Beijing Lier**: Plans to raise no more than 1.034 billion yuan through a private placement [21] - **Tongfei Co.**: Plans to raise no more than 1.2 billion yuan through a private placement [21] - **Muxi Co.**: Plans to provide up to 200 million yuan in loans to its subsidiary for GPU development [23] - **Wanhua High-Tech**: Haihua Group will become an indirect controlling shareholder through a cash increase of 4.998 billion yuan [23]

Core Viewpoint - The company, Zhezhong Co., Ltd., expects a significant increase in net profit for 2025, projecting a range of CNY 360 million to CNY 500 million, which represents a substantial growth of 392.14% to 583.53% compared to the previous year's net profit of CNY 73.15 million [1] Financial Projections - The projected net profit for 2025 is estimated to be between CNY 360 million and CNY 500 million [1] - This projection indicates a remarkable increase from the previous year's net profit of CNY 73.15 million [1] - The expected growth rate ranges from 392.14% to 583.53% compared to the prior year [1]

Core Viewpoint - The company, Zhezhong Co., Ltd. (002346.SZ), forecasts a significant increase in net profit for 2025, driven by non-recurring gains from financial assets, despite a decline in operating profit from its main business segment [1] Financial Performance - The company expects net profit attributable to shareholders to be between 360 million to 500 million yuan, representing a year-on-year increase of 392.14% to 583.53% [1] - The forecasted net profit after deducting non-recurring gains is estimated to be between 80 million to 120 million yuan, indicating a year-on-year decrease of 35.06% to 56.71% [1] Business Segment Analysis - The operating profit from the company's complete switchgear business has declined during the reporting period [1] - The increase in net profit is primarily attributed to significant gains from the fair value changes of financial assets and investment income, which are classified as non-recurring gains [1] - The estimated impact of these non-recurring gains on net profit is projected to be between 270 million to 400 million yuan [1]

Core Viewpoint - The company expects a significant increase in net profit attributable to shareholders for the fiscal year 2025, projecting a range of 360 million to 500 million yuan, representing a year-on-year growth of 392.14% to 583.53% [1] Financial Performance - The company's complete switchgear business experienced a decline in operating profit during the reporting period [1] - The increase in net profit is primarily attributed to substantial gains from the fair value changes of financial assets and investment income, which are classified as non-recurring gains [1] - The estimated impact of these non-recurring gains on net profit is projected to be between 270 million and 400 million yuan [1]

Core Viewpoint - The company, Zhezhong Co., Ltd. (002346.SZ), expects a significant increase in net profit for 2025, projecting a range of 360 million to 500 million yuan, representing a growth of 392.14% to 583.53% compared to the previous year [1] Financial Performance - The anticipated increase in net profit is primarily attributed to substantial gains in the fair value of financial assets and investment income [1] - The expected impact from non-recurring gains and losses is estimated to be between 270 million to 400 million yuan [1]