证券之星消息，1月28日元件板块较上一交易日下跌0.48%，科翔股份领跌。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。元件板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002484 | 江海股份 | 32.03 | 5.33% | 50.25万 | | 15.91亿 | | 300814 | 中富电路 | 75.00 | 5.03% | 11.63万 | | 8.77亿 | | 300852 | 四会富仕 | 50.15 | 4.44% | 16.86万 | | 8.09亿 | | 300408 | 三环集团 | 52.34 | 2.51% | 1 37.20万 | | 19.63亿 | | 600183 | 生益科技 | 74.52 | 2.38% | 48.60万 | | 36.10亿 | | 000636 | 风华高科 | 21.43 | 1.90% | 68.00万 | | 14.62亿 | | ...

1月20日，江海股份跌5.07%，截至发稿，报30.52元/股，成交9.54亿元，换手率3.75%，总市值259.58亿 元。 资料显示，南通江海电容器股份有限公司位于江苏省南通市通州区平潮镇通扬南路79号，成立日期，上 市日期2010年9月29日，公司主营业务涉及电容器及其材料、配件的研发、生产、销售和服务。主营业 务收入构成为：铝电解电容82.75%，薄膜电容8.65%，超级电容6.00%，电极箔2.00%，其他0.60%。 从江海股份十大流通股东角度 数据显示，国投瑞银基金旗下1只基金位居江海股份十大流通股东。国投瑞银新能源混合A（007689） 三季度新进十大流通股东，持有股数535.02万股，占流通股的比例为0.65%。根据测算，今日浮亏损失 约872.08万元。 数据显示，国投瑞银基金旗下1只基金重仓江海股份。国投瑞银新能源混合A（007689）三季度减持 13.23万股，持有股数535.02万股，占基金净值比例为4.32%，位居第十大重仓股。根据测算，今日浮亏 损失约872.08万元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预 ...

Summary of Conference Call on Chinese Power Solution Providers Industry Overview - The focus is on the **AI Data Center (AIDC)** power supply sector, particularly the **Chinese power solution providers** that are positioned to address the critical bottleneck of **time-to-power** in the AI buildout [3][4][13]. Key Insights - **Export-Driven Opportunities**: Chinese firms with expertise in **High-Voltage Direct Current (HVDC)** systems and established OEM/ODM relationships are expected to benefit from the increasing demand for robust AIDC power infrastructure, particularly in the US market [3][4][17]. - **Market Dynamics**: The US is experiencing a severe power bottleneck, with local power equipment capacity covering only **40%** of demand. This creates an opportunity for non-traditional suppliers, including qualified Chinese companies, to fill the gap [13][24]. - **Growth Projections**: The average sales CAGR for AIDC power products is projected to reach **39%** through **2030E**, driven by capacity buildout and technology-driven ASP inflation [15][58]. Preferred Companies - **Yingliu**: A leading manufacturer of gas turbine blades, expected to benefit from supply shortages, with a projected revenue and EPS CAGR of **25%** and **40%** respectively from **2025-30E** [21][81]. - **Sieyuan**: Positioned as a top supplier for power transformers, with a projected revenue CAGR of **23%** and net profit CAGR of **28%** from **2025-30E** [21][82]. - **Kstar**: Anticipated to see a **27%** total sales CAGR, driven by overseas high-power electricals and a strong focus on 800V DC products [21][81]. - **Envicool**: A liquid cooling specialist with a projected **98%** CAGR in server cooling sales from **2025-30E** [21][81]. - **Hongfa**: Expected to benefit from rising demand for HVDC relays, with a revenue target of **Rmb2,160 million** by **2030E** [21][81]. - **Jianghai**: Anticipated to see earlier-than-expected demand for aluminum electrolytic capacitors, with a focus on supercapacitors as a medium-term growth driver [21][22]. Competitive Landscape - **Supply Constraints**: The supply of gas turbines and transformers is expected to remain tight until **2028E-2030E**, with significant backlogs reported by major manufacturers [14][40]. - **Pricing Power**: Chinese suppliers can command price premiums of **10% to 80%** in overseas markets compared to domestic sales, driven by shortages and the ability to deliver faster [17][77]. Structural Trends - **Power Demand Growth**: The US is projected to see a **175%** increase in data center electricity use by **2030**, contributing to a **2.6%** CAGR in power demand [23][24]. - **Technological Shift**: The transition to **800V DC architecture** is becoming standard for new AI data center projects, which is expected to enhance energy efficiency and reduce operational costs [57][70]. Conclusion - The Chinese power solution providers are well-positioned to capture significant market share in the AIDC sector, driven by their ability to meet stringent technical requirements and deliver products with shorter lead times. The combination of strong demand, supply constraints, and technological advancements presents a compelling investment opportunity in this sector [3][4][17][72].

Group 1 - Jiangsu Jianghai Capacitor Co., Ltd. experienced a 5.12% decline in stock price, trading at 30.18 CNY per share with a total market capitalization of 25.669 billion CNY as of January 13 [1] - The company's main business includes the research, production, sales, and service of capacitors and related materials, with revenue composition as follows: aluminum electrolytic capacitors 82.75%, film capacitors 8.65%, supercapacitors 6.00%, electrode foil 2.00%, and others 0.60% [1] Group 2 - Guotai Asset Management's fund, Guotai Ruijin New Energy Mixed A (007689), entered the top ten circulating shareholders of Jianghai Co. in the third quarter, holding 5.3502 million shares, which is 0.65% of the circulating shares [2] - The fund has incurred an estimated floating loss of approximately 8.7208 million CNY due to the recent stock price decline [2] - The fund was established on November 18, 2019, with a current size of 2.148 billion CNY, yielding 1.24% year-to-date and ranking 7173 out of 8836 in its category [2] Group 3 - The fund manager of Guotai Ruijin New Energy Mixed A is Shi Cheng, who has been in the position for 6 years and 293 days, managing assets totaling 10.736 billion CNY [3] - During his tenure, the best fund return was 201.05%, while the worst return was -23.47% [3] Group 4 - Guotai Ruijin New Energy Mixed A reduced its holdings in Jianghai Co. by 132,300 shares in the third quarter, maintaining 5.3502 million shares, which constitutes 4.32% of the fund's net value [4] - The estimated floating loss for the fund due to the stock price drop is approximately 8.7208 million CNY [4]

Summary of Nantong Jianghai Capacitor Co. (002484.SZ) Conference Call Company Overview - **Company**: Nantong Jianghai Capacitor Co. (002484.SZ) - **Industry**: Aluminum electrolytic capacitors and supercapacitors Key Points and Arguments Upgrade and Price Target - The company has been upgraded to a "Buy" rating from "Neutral" with a new target price (TP) of Rmb36.10, reflecting a 26% increase from the previous TP of Rmb28.60, indicating a potential upside of 20.2% from the current price of Rmb30.04 [1] Revenue and Income Forecasts - Sales and net income forecasts for 2026E-2030E have been revised upward by 6%-12% and 3%-11% respectively, driven by the anticipated demand for aluminum electrolytic capacitors from the AIDC sector [1] - AIDC aluminum electrolytic revenue is projected to grow from Rmb146 million in 2025E to Rmb479 million in 2026E and Rmb853 million by 2030E, increasing AIDC's share of the aluminum electrolytic segment to 9% in 2026E and 11% from 2027E to 2030E [1] Supercapacitor Market Insights - The ramp-up of supercapacitors has been slower than expected, but potential volume growth is anticipated to begin in the second half of 2026 [2] - The company expects to capture a market share of 5%-10% in EDLC and 2%-5% in LIC from 2025E to 2030E, with revenue projections of Rmb206 million for EDLC in 2026E and Rmb361 million in 2027E [2] - Pricing advantages are highlighted, with Jianghai's LIC expected to be over 30% cheaper than Musashi and even more competitive in EDLC compared to global peers [2] Earnings Growth - The company forecasts approximately 25% revenue growth and 36% EPS growth in 2026E, exceeding management's conservative targets [3] Financial Metrics - Key financial metrics include: - Revenue projections for 2026E at Rmb7,056.5 million, with EBITDA of Rmb1,343.8 million and EPS of Rmb1.18 [4] - The company is trading at a forward P/E of 28x, compared to a historical average of 23x, indicating potential for further upside as earnings momentum strengthens [16] Risks - Key downside risks include: 1. Lower-than-expected market share ramp for EDLC/LIC due to diverging customer preferences [17] 2. Uncertainty in the technological pathway between EDLC and LIC [18] 3. Delays in AIDC-driven contributions if hyperscaler architectures and qualification timelines shift [18] Investment Thesis - Jianghai is positioned as a leading supplier in aluminum electrolytic capacitors, with a strong industrial client base and vertical integration that enhances profitability [34] - The anticipated growth in AIDC adoption across EDLC and LIC is expected to drive market share sustainability and revenue growth [34] Additional Important Information - The company has a self-sufficiency rate of approximately 75% for formed foil, significantly higher than Japanese peers, providing a gross profit margin advantage of around 18% [34] - The stock's valuation methodology is based on a 25x P/E for 2028E, discounted back to 2026E with a cost of equity of 10.5% [35]

Group 1 - The core point of the article is that Yidu (International Holdings) announced its subsidiary Yiwai plans to sell up to 16.84 million shares through block trading, representing 2.00% of Nantong Jianghai's issued share capital starting from February 2, 2026 [1]

Core Viewpoint - The major shareholders, Yiwei Investment Co., Ltd. and Mr. Zhu Xiang, plan to reduce their holdings in Nantong Jianghai Capacitor Co., Ltd. through block trades within a specified period, citing personal funding needs as the reason for the reduction [6][8]. Group 1: Shareholder Reduction Plans - Yiwei Investment holds 117,442,410 shares, representing 13.95% of the company's total shares, and plans to reduce up to 16,841,491 shares, which is 2.00% of the total share capital, during the period from February 2, 2026, to May 1, 2026 [1][2]. - Mr. Zhu Xiang holds 60,627,966 shares, accounting for 7.2% of the total shares, and intends to reduce up to 8 million shares, or 0.95% of the total share capital, in the same period [1][9]. Group 2: Reduction Methods and Pricing - The reduction will be executed through block trades for Yiwei Investment and through either block trades or centralized bidding for Mr. Zhu Xiang [3][10]. - The reduction price will be determined based on market prices [4][11]. Group 3: Shareholder Commitments - Yiwei Investment has committed to relinquishing voting rights for 59,536,675 shares (approximately 7% of the total shares) for a period of 18 months starting from the completion of a share transfer agreement [5]. - Both shareholders have confirmed that their reduction plans do not violate any previously disclosed commitments or intentions [7][12].

Group 1 - The core announcement is that Jianghai Co., Ltd. has disclosed plans for share reductions by its shareholders [2] - Shareholder Yiwei Investment intends to reduce its holdings by up to 16,841,491 shares, which represents 2.00% of the total share capital [2] - Shareholder Zhu Xiang plans to reduce his holdings by up to 8 million shares, accounting for 0.95% of the total share capital [2]

艾比森：预计2025年净利润同比增长105.32%至148.09% 艾比森公告称，预计2025年度净利润为2.4亿元至2.9亿元，同比增长105.32%至148.09%。报告期内，公司实现营业收入约为41.56亿元，同比增长13.46%。 每经记者｜陈晴 每经编辑｜金冥羽 黄博文 并购重组 北方长龙：拟支付现金购买顺义科技51.00%股份 北方长龙公告称，公司拟以支付现金方式购买沈阳顺义科技股份有限公司（简称"顺义科技"）51.00%股份。本次交易尚处于筹划阶段，公司与顺义科技股 东签署的《支付现金购买资产意向协议》仅为意向性协议，具体的交易方式及交易条款尚需交易各方进一步协商和论证。 业绩披露 恒宇信通：控股股东、实际控制人的一致行动人淄博恒宇拟减持不超3%股份 恒宇信通公告称，公司控股股东、实际控制人的一致行动人淄博恒宇同德信息咨询合伙企业（有限合伙）（简称"淄博恒宇"）持有418.05万股，占公司总 股本的6.97%，拟减持股份不超180万股，占公司总股本的3%。股份来源为公司首次公开发行前取得，减持原因为淄博恒宇各合伙人资金需求。 来伊份：控股股东拟减持不超过3%公司股份 来伊份公告称，公司控股股东上 ...

Core Viewpoint - Jianghai Co., Ltd. (002484.SZ) announced that shareholder Yiwei Investment Co., Ltd. plans to reduce its holdings by up to 16,841,491 shares, representing 2.00% of the company's total share capital, through block trading within three months starting from February 2, 2026 [1] - Shareholder Mr. Zhu Xiang also intends to reduce his holdings by up to 8 million shares, accounting for 0.95% of the company's total share capital, through block trading or centralized bidding within the same timeframe [1] Summary by Category - **Shareholder Actions** - Yiwei Investment Co., Ltd. plans to reduce its stake by a maximum of 16,841,491 shares [1] - Mr. Zhu Xiang plans to reduce his stake by a maximum of 8 million shares [1] - **Timeframe for Reduction** - The reduction period is set from February 2, 2026, to May 1, 2026, excluding any legally mandated trading restrictions [1]