证券代码：002452 证券简称：长高电新 公告编号：2025-23 长高电新科技股份公司 关于调整望城生产基地提质改扩建项目投资规模的公告 为有效控制项目投资规模，公司从节约成本和最大化实现产出的角度出发， 充分利用现有建筑结构，通过精细化调整和资源整合，最大限度降低改造成本， 经专业机构科学测算与综合评估，在确保工程质量和功能需求的前提下，对本项 目进行了科学合理的优化设计，投资规模从原来的 26,985.96 万元调整为 20,689.53 万元，建设期从 36 个月调整为 30 个月。 具体调整情况如下： 1 | | 调整前（万 | 比例 | 调整后（万元） | 比例 | | --- | --- | --- | --- | --- | | | 元） | | | | | 1、工程费用 | 18,914.73 | 91.74% | 19,204.43 | 92.82% | | 1.1 主体工程 | 13,212.96 | 64.08% | 7,144.76 | 34.53% | | 1.2 总图及公用配套工程 | 974.07 | 4.72% | 404.60 | 1.96% | | 1.3 设备购置及安 ...

若本次发行实际募集资金（扣除发行费用后）少于拟投入本次募集资金总额， 公司董事会将根据募集资金用途的重要性和紧迫性安排募集资金的具体使用，不 足部分将以自筹资金方式解决。 在本次募集资金到位前，公司将根据募集资金投资项目实施进度的实际情况 通过自筹资金方式先行投入，并在募集资金到位后按照相关法律、法规规定的程 序予以置换。在不改变本次募集资金投资项目的前提下，公司董事会可根据项目 实际需求，对上述项目的募集资金投入顺序和金额进行适当调整。 二、本次募集资金投资项目情况 （一）项目基本情况 长高电新科技股份公司 向不特定对象发行可转换公司债券募集资金使用 一、本次募集资金使用计划 可行性分析报告（二次修订稿） 长高电新科技股份公司（以下简称"公司"或"长高电新"）拟向不特定对 象发行可转换公司债券（以下简称"本次发行"）募集资金总额不超过 85,557.82 万元（含本数），募集资金拟用于以下项目： 1、长高电新金洲生产基地三期项目 单位：万元 序号 项目名称 项目总投资 募集资金使用金额 1 长高电新金洲生产基地三期 项目 50,351.53 44,062.51 2 长高电新望城生产基地提质 改扩建项目 20 ...

Market Overview - The A-share market shows a mixed performance with the Shanghai Composite Index closing at 3352.00, up 0.28%, while the Shenzhen Component Index rose by 0.93% to 10197.66 [2][3] - The overall market capitalization of the Shanghai Composite Index is 644320 billion, with a PE ratio of 11.79 and a PB ratio of 1.22 [3] Financial Insights - The People's Bank of China conducted a 1586 billion 7-day reverse repo operation, indicating liquidity support in the market [17] - In April, the retail sales of passenger cars reached 1.791 million units, a year-on-year increase of 17% [18] - The logistics price index for April was 105 points, reflecting a year-on-year increase of 2.09% [19] Industry Dynamics - Midea Group and Hisense Group have entered a strategic partnership to develop AI application platforms, focusing on digital transformation and smart logistics [27] - The demand for cooling systems in data centers is driving growth in orders for magnetic levitation compressors, with a projected growth rate of 50% this year [29] - The potential modification of AI chip export controls by the Trump administration is expected to stimulate innovation in the AI hardware sector [31][32] Company Updates - Muyuan Foods reported a 51.8% year-on-year increase in pig sales in April, with a total of 6.573 million pigs sold [36] - Water Sheep Co., Ltd. announced the progress of its share repurchase plan, having repurchased 8,097,150 shares, accounting for 2.09% of its total share capital [39] - Huaxi Biological's injection of sodium hyaluronate composite solution has received approval as a Class III medical device, marking a significant milestone in its product development [41] Regional Economic Dynamics - Changgao Electric New Energy's subsidiaries won a total of 235 million in bids from the State Grid, which is expected to positively impact the company's performance [42] - The 2024 annual report disclosure for Hunan's state-owned listed companies showed a total revenue of 265.266 billion, with a net profit of 7.443 billion [44]

Core Viewpoint - Changgao Electric New has achieved significant success in securing contracts from the State Grid, with a total of approximately 4.43 billion yuan in projects won in 2024, indicating strong growth potential for the company [1][3][6]. Group 1: Contract Wins - On May 7, Changgao Electric New announced that its subsidiaries won a total of 235 million yuan in State Grid procurement projects, accounting for 13.35% of the company's audited consolidated revenue for 2024 [1][3]. - In March, the company reported winning contracts worth 208 million yuan from the State Grid, bringing the total for the year to approximately 443 million yuan [1][4]. - The contracts won are expected to positively impact the company's operating performance in 2025 [5]. Group 2: Financial Performance - In the first quarter of 2025, Changgao Electric New reported a revenue of 339 million yuan, a year-on-year increase of 33.57%, and a net profit of 33.45 million yuan, up 12.54% [10]. - The company achieved record high performance in 2024, with total revenue of 1.76 billion yuan, a growth of 17.86%, and a net profit of 252 million yuan, increasing by 45.66% [9][10]. - Research and development expenses for the first quarter of 2025 reached 43.21 million yuan, a significant increase of 189.47% year-on-year, representing 12.74% of revenue [2][10]. Group 3: R&D and Innovation - Changgao Electric New has a strong focus on research and development, with 89 invention patents and 331 utility model patents as of December 31, 2024 [9]. - The company invested 94 million yuan in R&D in 2024, which accounted for 5.34% of its revenue [9]. - The number of R&D personnel increased by 6.12% to 312 in 2024, reflecting the company's commitment to innovation [9]. Group 4: Market Position and Products - Changgao Electric New is one of the largest manufacturers of high-voltage isolating switches in China, covering voltage levels from 12kV to 1100kV [9]. - The company has maintained a leading market share in the State Grid construction projects, with its products being used in major national infrastructure projects [9]. - The company has expanded its product offerings in the power equipment manufacturing sector, focusing on transmission and distribution equipment [6].

Group 1 - Geely Auto proposed to privatize Zeekr with an offer of $2.57 per share, representing a 13.6% premium over the last trading price [1] - The offer also includes a premium of 20.0% over the volume-weighted average price of the last 30 trading days [1] - Geely currently holds approximately 65.7% of Zeekr's issued share capital [1] Group 2 - Sun Group announced the U.S. Department of Commerce has revoked its investigation into steel wheels made in Vietnam using Chinese components [2] - The revocation is expected to positively impact the company's export orders and future overseas business layout [2] Group 3 - Qingdao Beer plans to acquire 100% equity of Jimo Yellow Wine for a total consideration of RMB 665 million [3] - The acquisition aims to enhance industry synergy, competitiveness, and expand product lines and market channels [3] Group 4 - BeiGene reported a net loss of 94.503 million yuan in Q1 2025, a reduction in loss compared to the previous year [4] - The company achieved total revenue of 8.048 billion yuan, a year-on-year increase of 50.2%, driven by sales growth of its self-developed products [4] Group 5 - Daqin Railway reported a 0.99% year-on-year increase in cargo transportation volume for April [5] - Shaanxi Coal's self-produced coal sales reached 13.1033 million tons in April, up 0.76% year-on-year [5] Group 6 - Shennong Group sold 227,300 pigs in April, marking a 32.85% year-on-year increase [6] - Poly Developments reported a 25.44% year-on-year decrease in contracted sales amounting to 24.622 billion yuan in April [6] Group 7 - Hainan Development plans to acquire 51% equity of Wangying Technology [7] - Huafeng Measurement Control's shareholders plan to transfer 2.9% of shares at an initial price of 121.42 yuan per share [7] Group 8 - Various companies reported significant stock price fluctuations, with Changshan Pharmaceutical's injection not yet on the market and facing regulatory uncertainties [8] - The company is in the professional review stage for its diabetes treatment application [8]

Core Insights - The average salary of top executives in A-share power grid equipment companies was approximately 1.1 million yuan in 2023, with a wide range from 100,000 to 5.8 million yuan [1] - The chairman of Zhejiang Chint Electric, Nan Cunhui, topped the salary list with 5.7994 million yuan, reflecting a 7.5% increase compared to 2023, closely aligned with the company's net profit growth of 5.1% to 3.874 billion yuan [1][2] - Significant salary increases were noted, with 75 out of 132 companies reporting higher executive salaries, and 45 of these companies (60%) also saw net profit growth [2] Company Performance - Siyi Electric's chairman, Dong Zengping, experienced a salary increase of over 51%, moving from 3.298 million yuan to 4.984 million yuan, while the company reported a 24.1% increase in revenue to 15.46 billion yuan and a 31.4% increase in net profit to 2.05 billion yuan [2] - Yubang Electric's chairman saw a nearly fourfold salary increase to 3.09 million yuan, supported by a net profit increase of nearly twofold, attributed to increased state grid investments and a surge in smart electricity product tenders [3] - Companies like Baobian Electric, Shunma Electric, and others reported significant net profit growth, with increases of 146.8%, 96.2%, and 45.7% respectively, leading to salary increases for their executives [3][4] Industry Trends - The domestic power grid investment reached 608.3 billion yuan in 2024, marking a 15.3% increase, driven by the rapid development of new energy and infrastructure investments [3] - The demand for core power grid equipment is expected to remain stable due to ongoing infrastructure investments, with companies in the industry demonstrating strong profitability and resilience [3] - The performance of companies closely related to ultra-high voltage and distribution network construction has been notably strong, indicating a positive trend in the power grid equipment sector [4]

Group 1: Company Performance - Wens Foodstuff's April chicken sales revenue was 2.543 billion yuan, a year-on-year decrease of 5.01% [1] - Wens Foodstuff sold 10.381 million chickens in April, a year-on-year increase of 10.87% [1] - Wens Foodstuff's average chicken selling price was 11.24 yuan/kg, a year-on-year decrease of 14.91% [1] - Zhongtong Bus's April vehicle sales volume was 1,046 units, a year-on-year decrease of 4.04% [1][2] - Kemin Food's April pig sales revenue reached 70.9048 million yuan, a year-on-year increase of 16.04% [3] - Muyuan Foods sold 6.573 million pigs in April, a year-on-year increase of 51.80% [5] - Muyuan Foods' pig sales revenue was 12.595 billion yuan in April, a year-on-year increase of 53.42% [5] - Xiamen Airport's April passenger throughput was 2.3881 million, a year-on-year increase of 7.73% [24] - Daqin Railway's April cargo transport volume was 30.62 million tons, a year-on-year increase of 0.99% [26] - Shaanxi Coal's April coal production was 14.24 million tons, a year-on-year decrease of 1.78% [28] Group 2: Industry Overview - Wens Foodstuff operates in the agriculture, forestry, animal husbandry, and fishery industry, specifically in pig farming [1] - Zhongtong Bus operates in the automotive industry, focusing on commercial vehicles [2] - Kemin Food operates in the food and beverage industry, specifically in food processing [3] - Muyuan Foods is also in the agriculture, forestry, animal husbandry, and fishery industry, focusing on pig farming [5] - Xiamen Airport is part of the transportation industry, specifically in airport operations [24] - Daqin Railway operates in the coal industry, focusing on coal mining and transportation [26] - Shaanxi Coal is also in the coal industry, focusing on coal mining and related services [28]

本次中标公示媒体是国家电网有限公司电子商务平台，招标人是国家电网有限 公司，详细内容请查看国家电网有限公司电子商务平台。 二、中标对公司的影响和本次中标的意义 本次四个子公司上述中标金额合计人民币 23,498.55 万元，占公司 2024 年经审 计合并营业收入的 13.35%。签署正式合同后，其合同的履行预计将对公司 2025 年的 经营业绩产生积极影响，且不影响公司的独立性。 三、中标风险提示 证券代码：002452 证券简称：长高电新 公告编号：2025-19 长高电新科技股份公司 关于子公司在国家电网中标的公告 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。 2025 年 5 月 7 日，国家电网有限公司电子商务平台（https://ecp.sgcc.com.cn）发 布了《国家电网有限公司 2025 年第二十三批采购（输变电项目第二次变电设备（含 电缆）招标采购）中标公告》《国家电网有限公司 2025 年第二十四批采购（输变电 项目第二次变电设备单一来源采购）成交公告》。长高电新科技股份公司（以下简称 "公司"）100%纳入合并报表范围内的子公司湖 ...

Core Viewpoint - Changgao Electric New Technology Co., Ltd. has won multiple bids from the State Grid Corporation of China, which is expected to positively impact the company's performance in 2025 [1] Group 1: Bidding Details - The State Grid Corporation of China announced the results of its 23rd and 24th procurement batches for 2025, which included bids for substation equipment [1] - Changgao Electric's subsidiaries, including Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Senyuan Power Equipment Co., Ltd., and Hunan Changgao Complete Electrical Equipment Co., Ltd., won bids in three product categories: combined electrical appliances, isolating switches, and switchgear [1] Group 2: Financial Impact - The total amount of the bids won by Changgao Electric is 235 million yuan, which accounts for 13.35% of the company's audited consolidated revenue for 2024 [1] - The signing of formal contracts is anticipated to have a positive effect on the company's operating performance in 2025 [1]

Core Insights - The company, Changgao Electric, has been a pioneer in the ultra-high voltage (UHV) industry in China for nearly 20 years, evolving from AC to DC transmission technologies and achieving significant advancements in product development and engineering installation [1][2][3] Group 1: Technological Advancements - Changgao Electric's UHV technology has developed in sync with China's UHV engineering applications, leading to innovations such as the world's first 8000A UHV DC isolating switch and the world's first ±1100kV UHV DC isolating switch [1][2] - The company has transitioned from traditional product development methods to digital simulation technologies, significantly enhancing R&D speed and reducing costs [2][3] Group 2: Market Position and Strategy - The company is positioned to capitalize on the increasing investments in the energy sector, particularly in the construction of clean energy bases in Northwest and Southwest China, with plans for numerous UHV projects in the coming years [2][3] - Changgao Electric is accelerating the application of Gas Insulated Switchgear (GIS) in the UHV field, which offers advantages such as reduced footprint and enhanced reliability [3] Group 3: Financial Performance - The latest financial report indicates that Changgao Electric achieved a revenue of 1.76 billion yuan and a net profit of 252 million yuan in 2024, marking a threefold increase compared to ten years ago [3]