Group 1 - On September 25, Jianghai Co., Ltd. executed a block trade of 314,000 shares, with a transaction amount of 10.519 million yuan, accounting for 1.3% of the total transaction volume for the day [1][2] - The transaction price was 33.50 yuan, which represents a premium of 3.88% compared to the market closing price of 32.25 yuan [1][2]

Core Insights - Jianghai Co., Ltd. experienced a slight increase in stock price by 0.18% on September 24, with a trading volume of 9.87 billion yuan [1] - The company reported a financing buy-in of 114 million yuan and a financing repayment of 139 million yuan on the same day, resulting in a net financing outflow of 24.64 million yuan [1] - As of September 24, the total margin balance for Jianghai Co. was 857 million yuan, with the financing balance accounting for 3.08% of the circulating market value, indicating a high level compared to the past year [1] Financing and Margin Data - On September 24, Jianghai Co. had a financing buy-in of 114 million yuan, with a current financing balance of 855 million yuan, which is above the 80th percentile of the past year [1] - The company had a margin repayment of 700 shares with no shares sold on that day, resulting in a margin balance of 1.96 million yuan, which is below the 40th percentile of the past year [1] Company Overview - Jianghai Co., Ltd. is located in Nantong, Jiangsu Province, and was established on September 29, 2010, focusing on the research, production, sales, and service of capacitors and related materials [1] - The main revenue composition of the company includes aluminum electrolytic capacitors (82.75%), film capacitors (8.65%), supercapacitors (6.00%), electrode foils (2.00%), and others (0.60%) [1] Shareholder and Financial Performance - As of June 30, the number of shareholders for Jianghai Co. was 50,400, a decrease of 3.41% from the previous period, while the average circulating shares per person increased by 3.53% to 16,268 shares [2] - For the first half of 2025, Jianghai Co. achieved a revenue of 2.694 billion yuan, representing a year-on-year growth of 13.96%, and a net profit attributable to shareholders of 358 million yuan, up by 3.19% [2] - The company has distributed a total of 1.212 billion yuan in dividends since its A-share listing, with 565 million yuan distributed over the past three years [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder with 13.7728 million shares, a decrease of 41,200 shares from the previous period [2] - The fund "China Europe Times Pioneer Stock A" entered the top ten circulating shareholders as the seventh-largest with 10.5 million shares [2] - "Manulife Transformation Opportunity Stock A" remained the eighth-largest circulating shareholder with 9.2958 million shares, while "Guotou Ruijin New Energy Mixed A" exited the top ten list [2]

Core Viewpoint - Jianghai Co., Ltd. has shown significant stock performance with an 86.24% increase year-to-date, despite a recent decline of 2.95% over the last five trading days [1] Financial Performance - For the first half of 2025, Jianghai Co., Ltd. achieved a revenue of 2.694 billion yuan, representing a year-on-year growth of 13.96%, and a net profit attributable to shareholders of 358 million yuan, up 3.19% year-on-year [2] - The company has distributed a total of 1.212 billion yuan in dividends since its A-share listing, with 565 million yuan distributed over the last three years [3] Shareholder Information - As of June 30, 2025, Jianghai Co., Ltd. had 50,400 shareholders, a decrease of 3.41% from the previous period, with an average of 16,268 circulating shares per shareholder, an increase of 3.53% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 13.7728 million shares, and new entrant China Europe Era Pioneer Stock A, holding 10.5 million shares [3] Market Activity - Jianghai Co., Ltd. has been active in the market, appearing on the trading leaderboard seven times this year, with the most recent appearance on September 2, where it recorded a net purchase of 252 million yuan [1] - The stock's trading volume on September 22 reached 448 million yuan, with a turnover rate of 1.72% [1] Business Overview - Jianghai Co., Ltd. specializes in the research, production, sales, and service of capacitors and related materials, with its main revenue sources being aluminum electrolytic capacitors (82.75%), film capacitors (8.65%), supercapacitors (6.00%), electrode foils (2.00%), and others (0.60%) [1]

Group 1: Company Overview - Jianghai Capacitor Co., Ltd. is listed under stock code 002484 [1] - The investor relations activity took place on September 16, 2025, from 15:00 to 16:30 [2] Group 2: Current Business Situation - The company provided a brief introduction regarding its current operational status [2] - The future growth points for aluminum electrolytic capacitors, particularly in AI applications, were discussed [2] Group 3: Product Development and Market Trends - The application of aluminum electrolytic capacitors is expected to increase with the growing power of AI servers [3] - The cost of materials, particularly for the formation foil, is anticipated to decrease with the integration of green electricity [2] - The development direction for film capacitors is slightly below expectations, with continued expansion in automotive film capacitors [3] Group 4: Supercapacitor Applications - Supercapacitors are being applied in AI server setups, with both EDLC and LIC solutions available [3] - The company is in discussions with relevant manufacturers regarding technical solutions for supercapacitors [3] - Other major application areas for supercapacitors include smart meters, wind power pitch control, smart grid upgrades, rail transit, oil-to-electric projects, and port machinery [3] Group 5: Information Disclosure Compliance - The company adhered to the regulations of the Information Disclosure Management System, ensuring that no undisclosed significant information was leaked during the meeting [3]

Core Points - Jianghai Co., Ltd. announced the election of Ms. Chen Yu as the employee director of the seventh board of directors during the third employee representative assembly held on September 16, 2025 [2] Summary by Category - **Company Announcement** - Jianghai Co., Ltd. held the third employee representative assembly on September 16, 2025, where the election of the employee director was approved [2] - Ms. Chen Yu was elected as the employee director of the seventh board of directors through a democratic election by the employee representative assembly [2]

证券代码:002484 证券简称：江海股份 公告编号：2025-047 南通江海电容器股份有限公司 关于董事辞任暨选举职工董事的公告 本公司及董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、误导性陈述或重大遗漏。 陈瑜女士，中共党员，中国国籍，无境外永久居留权。1972年出生，经济学 学士，中欧国际工商学院工商管理硕士。1995年进入公司，历任公司国际贸易部 销售经理、部长助理，2010年起任公司营业部部长，公司销售总监。现任公司副 总裁。 陈瑜女士持有公司股份286,200股，占公司总股本的0.03%。其配偶朱祥先生 持有公司股份161,000股，占公司总股本的0.02%。陈瑜女士与持有公司5%以上 股份的股东、实际控制人、公司其他董事、监事、高级管理人员不存在关联关系， 未曾受过中国证监会及其他有关部门的处罚和证券交易所的惩戒；不存在因涉嫌 犯罪被司法机关立案侦查或者涉嫌违法违规被中国证监会立案稽查，尚未有明确 结论情形；未被中国证监会在证券期货市场违法失信信息公开查询平台公示或者 被人民法院纳入失信被执行人；不存在深交所《自律监管指引第 1 号--主板上 市公司规范运作》等相关法律、法规和规 ...

南通江海电容器股份有限公司 证券代码：002484 证券简称：江海股份 公告编号：2025-046 2025年第二次临时股东大会决议公告 本公司及其董事、监事、高级管理人员保证公告内容真实、准确和完 整,并对公告中的虚假记载、误导性陈述或者重大遗漏承担责任。 一、重要提示： 1、本次股东大会召开期间没有增加、否决或变更议案情况发生； 2、本次股东大会不涉及变更前次股东大会决议的情况； 3、表决所有议案都对中小投资者的表决单独计票。 二、会议召开和出席情况： 1、会议召集人：公司董事会； 2、现场会议：2025年9月16日（星期二）下午14:30 网络投票时间：2025年9月16日。其中，通过深圳证券交易所交易系统投票 的时间为2025年9月16日上午9:15—9:25、9:30—11:30，下午13:00-15:00；通 过深圳证券交易所互联网投票系统投票的时间为2025年9月16日9：15至15:00 期 间的任意时间。 3、现场会议地点：江苏省南通市通州区平潮镇通扬南路79号南通江海电容 器股份有限公司会议室； 4、会议方式： 现场投票与网络投票表决相结合的方式； 5、股权登记日：2025 年 9 月 1 ...

江海股份 法律意见书 江苏世纪同仁律师事务所关于 南通江海电容器股份有限公司 2025 年第二次临时股东大会的法律意见书 南通江海电容器股份有限公司： 根据《公司法》《证券法》和中国证监会《上市公司股东会规则》等法律、 法规和规范性文件以及《公司章程》的规定，本所受贵公司董事会的委托，指派 律师出席贵公司 2025 年第二次临时股东大会，并就本次股东大会的召集、召开 程序、出席会议人员资格、召集人资格、表决程序和表决结果的合法有效性出具 本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的有关事项进行了审 查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 本所律师同意将本法律意见书随贵公司本次股东大会决议一并公告，并依法 对本法律意见书承担相应的责任。 本所律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，出具法律意见如下： 一、关于本次股东大会的召集、召开程序 1、本次股东大会由贵公司董事会召集。 贵公司第七届董事会第五次会议决定于 2025 年 9 月 16 日召开本次股东大会。 贵公司已于 2025 年 8 月 28 日在《上海证券 ...

Market Overview - On September 15, the component sector declined by 1.64%, with Jiang Hai Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Key gainers included: - Kexiang Co., Ltd. (300903) with a closing price of 12.80, up 6.76% [1] - Fangzheng Technology (600601) at 11.93, up 5.58% [1] - Bomin Electronics (603936) at 13.20, up 5.01% [1] - Major losers included: - Jiang Hai Co., Ltd. (002484) at 33.24, down 4.35% [2] - Huadian Technology (002463) at 68.94, down 4.12% [2] - Yihua New Materials (301176) at 29.21, down 4.10% [2] Capital Flow - The component sector experienced a net outflow of 2.271 billion yuan from institutional investors, while retail investors saw a net inflow of 1.635 billion yuan [2][3] - Notable capital flows included: - Dongshan Precision (002384) with a net inflow of 468 million yuan from institutional investors [3] - Shenghong Technology (300476) with a significant net outflow of 2.95% [2][3]

Core Viewpoint - The report highlights the potential for aluminum electrolytic capacitors and supercapacitors to be widely used in AI servers, driven by increasing demand for high voltage and compact components in the AI sector [4] Financial Performance - In 1H25, the company achieved revenue of 2.694 billion yuan (YoY +13.96%) and a net profit attributable to shareholders of 358 million yuan (YoY +3.19%). The net profit after deducting non-recurring items was 344 million yuan (YoY +8.96%) [5] - For 2Q25, the company reported revenue of 1.536 billion yuan (YoY +17.02%, QoQ +32.69%) and a net profit of 206 million yuan (YoY -1.92%, QoQ +35.82%). The net profit after deducting non-recurring items was 207 million yuan (YoY +10.54%, QoQ +51.01%) [5] - The company's gross margin for 1H25 was 24.93% (YoY -0.01 percentage points), and the net margin was 13.42% (YoY -1.46 percentage points) [5] Aluminum Electrolytic Capacitors - In 1H25, revenue from aluminum electrolytic capacitors reached 2.229 billion yuan (YoY +16.70%) with a gross margin of 26.75% (YoY +0.19%). Growth was driven by increased demand in the photovoltaic sector and robust needs in UPS and communication power supply sectors [6] - The introduction of new products, such as MLPC for AI servers and solid-liquid hybrid capacitors for the automotive sector, is expected to enhance growth. The shift towards higher voltage requirements in AI servers will significantly increase the demand for horn-shaped capacitors [6] - The manufacturing process for horn-shaped aluminum electrolytic capacitors will transition from traditional chemical etching to atomic deposition technology, leading to higher product prices [6] Supercapacitors - In 1H25, supercapacitor revenue was 162 million yuan (YoY +48.93%) with a gross margin of 16.86% (YoY -3.71%). The decline in gross margin is attributed to the company's efforts to explore new application areas [7] - Supercapacitors are expected to become standard components in AI computing clusters due to their ability to provide instantaneous power compensation during significant power fluctuations caused by AI chip power consumption [7] - The company's EDLC and LIC products have received certifications from several leading domestic and international companies, with EDLC expected to achieve scale due to its lower heat generation and cost advantages [7] - The supercapacitor market is anticipated to experience explosive growth driven by increasing demand across various sectors, including AI servers, energy storage, smart meters, and controlled nuclear fusion [7]