Core Insights - The company Jinbei Electric (002533.SZ) is expanding its product applications into emerging fields such as new energy vehicles, wind power, photovoltaics, energy storage, and industrial robots, which is expected to create new incremental markets for the company [1] Group 1: Product Development - The company is developing a "10 million times ultra-flexible industrial robot drag chain cable" for the industrial robot sector, with ongoing research for cables with even higher bending resistance [1] Group 2: Production Capacity Expansion - The company plans to establish an intelligent production base for electromagnetic wire in Europe with an annual capacity of 20,000 tons, to be built in two phases: the first phase will have a capacity of 8,000 tons per year, expected to be operational by 2026; the second phase will add 12,000 tons per year, planned for production in 2028 [1]

Core Viewpoint - The company is actively engaging in the development of humanoid robots and energy storage solutions, focusing on innovative products and expanding production capacity to meet emerging market demands [2][3][4]. Group 1: Humanoid Robots and Energy Storage - Humanoid robots are at a critical stage of technological breakthrough and commercialization, with potential applications in industrial inspection, home services, and medical care [2]. - The company has developed a "10 million times ultra-flexible industrial robot drag chain cable" for the industrial robot sector and is working on cables with even higher bending resistance [2]. - The company is expanding its product offerings into the energy storage sector, leveraging its expertise in flat electromagnetic wires and cables [2]. Group 2: Production Capacity Planning - The company is strategically planning its production capacity based on industry trends and downstream demand [3]. - In the first half of 2025, the company added 8,000 tons/year of flat wire production capacity for electric vehicle drive motors at its Xiangtan base [3]. - The company is establishing a smart production base in Europe with a planned annual capacity of 20,000 tons of electromagnetic wire, with the first phase of 8,000 tons expected to be operational by 2026 [3]. Group 3: R&D Innovations and Financial Performance - The company emphasizes long-term growth through technological innovation, successfully developing several special products in the electromagnetic wire sector [4]. - In the first half of 2025, the company achieved revenue of 9.335 billion yuan, a year-on-year increase of 17.50%, and a net profit of 337 million yuan, up 9.78% [4]. - The company maintains a strong focus on its core business, resulting in continuous growth in revenue and net profit [4]. Group 4: Cash Flow Management - The company prioritizes cash flow management, implementing a comprehensive risk control system to ensure payment security and improve cash flow [5].

Group 1: Company Overview and Market Position - Jinbei Electric Co., Ltd. focuses on the research, production, and sales of flat electromagnetic wires and cables, providing integrated green energy transmission solutions [5] - The company has expanded its applications into emerging sectors such as new energy vehicles, wind power, photovoltaics, energy storage, and industrial robots, contributing to new market growth [5] Group 2: Research and Development Initiatives - In 2024, the company developed a "10 million times ultra-flexible industrial robot drag chain cable," which has been applied in the industrial robot sector and is undergoing further research for higher durability cables [5][6] - The company has successfully developed several innovative products, including new types of enameled conductors for electric vehicle drive motors and high-lifetime cables for industrial robots, with many products currently in customer prototype validation stages [7] Group 3: Production Capacity Expansion - In the first half of 2025, the company plans to increase production capacity by 8,000 tons/year for flat wires used in new energy vehicle drive motors at its Xiangtan base [3] - The company is also establishing a smart production base in Europe with a planned annual capacity of 20,000 tons of electromagnetic wire, with the first phase of 8,000 tons/year expected to be operational by 2026 and the second phase of 12,000 tons/year planned for 2028 [3] Group 4: Financial Performance - In the first half of 2025, the company achieved operating revenue of 9.335 billion yuan, a year-on-year increase of 17.50%, and a net profit of 337 million yuan, up 9.78% year-on-year [6] - The company continues to maintain growth in revenue and net profit, reinforcing its competitive position in the industry and making it onto the "2025 Top 500 Private Manufacturing Enterprises in China" list [6] Group 5: Stock Performance and Market Challenges - The company's stock price fluctuations are influenced by various factors, including industry policies, external environments, and market sentiment, despite its consistent focus on core business and profitability [6] - The company has maintained annual cash dividends to shareholders, enhancing its intrinsic value [6]

Group 1 - The company, Jinbei Electric Co., Ltd., will participate in the "2025 Hunan Listed Companies Investor Online Collective Reception Day" organized by the Hunan Securities Regulatory Bureau, Hunan Listed Companies Association, and Shenzhen Panorama Network Co., Ltd. [1] - The event will be held online on September 19, 2025, from 14:00 to 17:00, allowing investors to engage with the company's executives regarding the company's 2025 semi-annual performance, corporate governance, development strategy, and operational status [1][2] - Investors can participate by logging into the "Panorama Roadshow" website, following the WeChat public account "Panorama Finance," or downloading the Panorama Roadshow APP [1]

为进一步加强与投资者的互动交流，金杯电工股份有限公司（以下简称"公 司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公司联 合举办的"资本聚三湘 楚光耀新程—2025 年湖南辖区上市公司投资者网上集体 接待日"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五）14：00-17：00。届 时公司高管将在线就公司 2025 半年度业绩、公司治理、发展战略、经营状况等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 金 杯 电 工 股 份 有 限 公 司 Gold Cup Electric Apparatus Co.,Ltd. 证券代码：002533 证券简称：金杯电工 公告编号：2025-029 金杯电工股份有限公司 关于参加湖南辖区上市公司 2025 年投资者 网上集体接待日的公告 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 ...

Group 1 - The core product of the company is flat electromagnetic wire and wire and cable, which serves traditional markets while also developing new products to meet emerging market demands [2] - The company has successfully developed "liquid-cooled DC charging cable for electric vehicles," primarily used in fast and ultra-fast charging for new energy vehicles, addressing the market's need for high current fast charging [2] - The company plans to further focus on and expand into new application areas and demands in the future [2]

Core Viewpoint - Jinbei Electric (002533) has established itself as a global leader in flat electromagnetic wire, recently obtaining a patent for "PEEK insulated electromagnetic wire" in April 2024, positioning the company favorably in the high-voltage platform for new energy vehicle drive motors [1] Group 1 - The company is one of the few manufacturers that master three insulation methods: "enamel," "enamel + film," and "PEEK insulation" [1] - Jinbei Electric has made early advancements in the research and development of flat electromagnetic wire for high-voltage applications, specifically for new energy vehicles [1] - The company has successfully supplied 800V flat electromagnetic wire for vehicles and has technical reserves for 1000V flat electromagnetic wire [1] Group 2 - The company clarified that it does not have a subsidiary named "Kemon Innovation," urging investors to verify the authenticity of such information [1]

Core Viewpoint - The company is experiencing high capacity utilization in its main business segments, driven by strong demand from the power grid investment and the electric vehicle sector, with ongoing progress in its European project [1]. Group 1: Capacity Utilization - The company has eight industrial bases in its main business segment, including two for electromagnetic wire and six for wire and cable [1]. - The capacity utilization varies across the wire and cable bases due to differences in product types, customer structures, regional economic levels, and market demand [1]. Group 2: European Project Progress - The company has completed the necessary overseas investment registration for its European project and has obtained relevant certificates from the Hunan Provincial Department of Commerce and the Hunan Provincial Development and Reform Commission [1]. - The company has signed the purchase agreement for the factory (including land), and all tasks are progressing as planned [1].

Group 1 - The company, Jinbei Electric (002533.SZ), announced on September 11 that it has obtained a patent for "PEEK insulated electromagnetic wire" as of April 2024, positioning itself as a global leader in flat electromagnetic wire production [1][3] - Jinbei Electric is one of the few manufacturers that master three insulation methods: "enamel," "enamel + film," and "PEEK insulation," indicating a strong competitive advantage in the industry [1][3] - The company has already begun supplying 800V flat electromagnetic wire for electric vehicles and has technical reserves for 1000V flat electromagnetic wire, showcasing its commitment to high-voltage applications in the electric vehicle sector [1][3] Group 2 - The PEEK insulated wire developed by Jinbei Electric is applicable for high-voltage fast charging drive motors in electric vehicles, highlighting its relevance in the growing EV market [1][3] - The company has developed a PEEK material harmonic reducer through its subsidiary, which is used in humanoid robot joint modules, indicating diversification into robotics applications [1][3]

Core Viewpoint - The company is actively expanding into new growth areas driven by global energy transformation and increasing demand in emerging applications, while also achieving significant progress in exports and overseas capacity development [2][3]. Group 1: New Growth Points - The company identifies new growth opportunities in response to changes in downstream demand, driven by global energy revolution, aging power grid upgrades in developed countries, and explosive growth in computing power [2]. - The focus is on high-quality flat electromagnetic wire for ultra-high voltage and high voltage transformers, while also accelerating expansion into new applications such as electric vehicles, wind power, photovoltaics, energy storage, and industrial robots [2]. Group 2: Export and Overseas Capacity Development - In the first half of the year, the company achieved rapid growth in overseas markets, with direct export revenue reaching 262 million yuan, a year-on-year increase of 37.99% [3]. - The company has successfully entered new overseas markets, including Central Asia, and is planning to establish an intelligent production base in Europe with an annual capacity of 20,000 tons of electromagnetic wire [3]. Group 3: Technological Advancements in New Energy Vehicles - The company is one of the few manufacturers mastering three insulation methods: "enamel," "enamel + film," and "PEEK insulation" for flat electromagnetic wire [4]. - It has developed 800V and 1000V flat electromagnetic wires for electric vehicle drive motors, with ongoing research and development for core technologies required for high-voltage platform models [4]. Group 4: Special Cables for Shielding Machines - The company has successfully developed a full range of special cables for shield tunneling machines, including main power cables, variable frequency cables, and control cables, effectively replacing imported products in hard rock tunneling machines [5]. - It has become a major supplier for key manufacturers in the tunneling equipment sector, such as China Railway Engineering Equipment Group and China Railway Construction Heavy Industry Group [5]. Group 5: Nuclear Power and Superconducting Products - In the nuclear power sector, the company has developed products for major projects, ending reliance on imports for high-temperature electromagnetic wires [6]. - The company is also investing in superconducting technologies, producing a series of superconducting cables for clients in the medical equipment manufacturing sector, including Siemens and GE [6].