Group 1 - The company Shanghai Liangxin Electric Co., Ltd. has received notification regarding the pledge extension of shares held by its controlling shareholders, Mr. Zhong Nengsi Long and Mr. Ding Fahui [1] - The total number of shares pledged in this extension is 32,310,000, which accounts for 18.09% of the total shares held by the shareholders and 2.88% of the company's total shares [1] - The shareholders' cumulative pledge situation shows that as of the announcement date, the total pledged shares amount to 286,226,639, representing 25.48% of the company's total shares [1] Group 2 - The pledged shares do not involve performance compensation obligations, and there is currently no risk of forced liquidation [2] - The pledge risk is considered controllable, and this action will not lead to a change in the company's actual control [2] - The company will continue to monitor the shareholders' pledge situation and risks, ensuring timely information disclosure [2]

证券代码：002706 证券简称：良信股份 公告编号：2025-041 上海良信电器股份有限公司 关于控股股东部分股份延期质押的公告 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。 上海良信电器股份有限公司（以下简称"公司"）于近日收到公司控股股东、 实际控制人之中任思龙先生、丁发晖先生将其持有的公司部分股份办理了股份延 期质押的通知，现将有关情况说明如下： | 股东名称 | 是否为控股股 东或第一大股 | 本次延期质押 | 占其所持股 | 占公司总股 | 质押开始 | 质押解除 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 东及其一致行 | 股数（股） | 份比例 | 本比例 | 日期 | 日期 | | | | 动人 | | | | | | | | 任思龙 | 是 | 21,870,000 | 20.62% | 1.95% | 2024 年 7 | 2026 年 7 | 中国中金 财富证券 | | | | | | | 月 1 日 | 月 1 日 | | | | | | | | | ...

证券代码：002706 证券简称：良信股份 公告编号：2025-040 上海良信电器股份有限公司 关于使用部分闲置募集资金进行现金管理的 进展公告 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。 根据上述决议，近日上海良信电器股份有限公司与中国工商银行股份有限公司 （以下简称"工商银行"）签署了结构性存款协议，具体如下： （二）风险控制措施 1、公司及子公司将严格遵守审慎投资原则，选择信誉良好、风控措施严密、有 能力保障资金安全的金融机构进行现金管理合作，选择安全性高、流动性好的投资 品种。 注：公司及子公司与上表所列签约银行无关联关系。 二、 投资风险及风险控制措施 （一）投资风险分析 1、尽管公司及子公司拟使用暂时闲置募集资金进行现金管理投资的产品都经过 一、 本次使用闲置募集资金进行现金管理的主要情况 序 号 受托 人 产品名称 收益类 型 金额 （万元） 起息日 到期日 预期年 化利率 1 工商 银行 中国工商银行区间累 计型法人人民币结构 性存款产品-专户型 2025 年第 242 期 F 款 保本浮 动收益 型 13,000.00 2025-07- ...

上海良信电器股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 上海良信电器股份有限公司（以下简称"公司"）于 2024 年 8 月 1 日召开 第六届董事会第二十二次会议和第六届监事会第二十一次会议，审议通过了《关 于回购公司股份方案的议案》，同意公司使用自有资金以集中竞价交易的方式回 购公司部分已发行的人民币普通股（A 股），本次回购股份将用于实施员工持股 计划或股权激励。本次回购股份的资金总额不低于人民币 5,000 万元（含），且 不超过人民币 10,000 万元（含），回购股份价格不超过人民币 9.80 元/股（含）， 实施期限为董事会审议通过回购股份方案之日起 12 个月内，具体内容详见公司 于 2024 年 8 月 2 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于 回购公司股份方案的公告》（公告编号：2024-054）及 2024 年 8 月 7 日披露的 《回购报告书》（公告编号：2024-058）等相关公告。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引 ...

电力设备及新能源周报 20250629 小米 YU7 豪华高性能 SUV 发布，1-5 月光伏装机突破 190GW 2025 年 06 月 29 日 ➢ 本周（20250623-20250627）板块行情 电力设备与新能源板块：本周上涨 5.11%，涨跌幅排名第 5，强于上证指数。 本周新能源汽车指数涨幅最大，风力发电指数涨幅最小。新能源汽车指数上涨 6.53%，锂电池指数上涨6.19%，储能指数上涨5.50%，工控自动化上涨5.17%， 太阳能指数上涨 3.20%，核电指数上涨 1.02%，风力发电指数上涨 0.66%。 ➢ 新能源车：小米 YU7 豪华高性能 SUV 发布 2025 年 6 月 26 日，小米首款豪华高性能 SUV——YU7 正式推出标准版、 Pro 版、Max 版。设计上，以 3 倍轮轴比等构建低趴运动姿态，17 ㎡母婴级 材质覆盖， Max 版智能调光天幕静谧性超同级。性能与续航上，全系搭 22000rpm 超级电机，Max 版零百加速 3.23 秒，800V 高压平台使 15 分钟 最长补能 620km，晕车舒缓模式降 51% 晕车率。智能与生态上，四合一域 控制模块集成多系统，搭配 ...

证券代码：002706 证券简称：良信股份 公告编号：2025-038 上海良信电器股份有限公司 关于使用部分闲置募集资金进行现金管理的 进展公告 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。 上海良信电器股份有限公司（以下简称"良信股份"或"公司"）于 2024 年 8 月 23 日召开了第六届董事会第二十三次会议，会议审议通过了《关于使用部分暂时 闲置募集资金进行现金管理的议案》，同意公司（含子公司）在不影响募集资金投资 项目建设和正常生产经营的前提下，使用不超过人民币 3.5 亿元的闲置募集资金进 行现金管理，产品期限不超过董事会审议通过之日起 12 个月，可在上述额度及期限 内滚动使用。具体内容详见 2024 年 8 月 24 日刊登于巨潮资讯网《关于使用部分暂 时闲置募集资金进行现金管理的公告》，公告编号：2024-066。 一、 本次使用闲置募集资金进行现金管理的主要情况 序 号 受托 人 产品名称 收益类 型 金额 （万元） 起息日 到期日 预期年 化利率 1 工商 银行 中国工商银行区间累 计型法人人民币结构 性存款产品-专户型 2025 年 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 10.2 CNY per share based on a 25x PE for 2025 [4]. Core Views - The company is positioned as a leading player in the low-voltage electrical industry, focusing on the "Two Intelligence and One Innovation" strategy to drive transformation and growth. The operational efficiency is expected to improve with the commissioning of the Haiyan factory, and the company is well-prepared for the trends in the AIDC sector and the shift towards direct current (DC) products in data centers [4][16]. - The company anticipates a robust growth trajectory, with projected net profits of 459.2 million CNY, 601.7 million CNY, and 807.1 million CNY for 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 47%, 31%, and 34% [4][31]. Summary by Sections 1. Company Overview - The company has transitioned from a traditional low-voltage electrical manufacturer to a provider of intelligent distribution solutions, focusing on high-growth areas such as renewable energy and data centers [16]. - The revenue structure is evolving, with a significant portion expected from the AIDC sector and international markets, particularly in North America and Southeast Asia [18]. 2. Market Dynamics - The report highlights a steady recovery in infrastructure investment and a narrowing decline in real estate demand, with expectations of 20-30% growth in infrastructure-related revenue by 2025 [3]. - The company is leveraging its strengths in the renewable energy sector, with anticipated revenue growth of 20-30% in this area by 2025, driven by increasing demand for energy storage and wind power installations [10][31]. 3. Financial Projections - The company forecasts total revenue of 42.38 billion CNY for 2024, with a slight decline from the previous year, primarily due to weak demand in the real estate sector [31]. - The projected earnings per share (EPS) for 2025 is 0.41 CNY, with a corresponding PE ratio of 20.4 based on the current price [4]. 4. Competitive Landscape - The low-voltage electrical market is characterized by a fragmented domestic landscape, with the company holding a 5% market share, ranking fifth among domestic competitors [54]. - The report notes that the global low-voltage electrical market is dominated by foreign brands, but there is significant potential for domestic brands to expand their international presence [52]. 5. Strategic Initiatives - The company is committed to high R&D investment to support its transition to intelligent distribution solutions, with a focus on enhancing product offerings and market share in the AIDC and renewable energy sectors [31][28]. - The management team, with a strong technical background, is well-equipped to drive the company's strategic transformation and long-term growth [28].

股票代码：002706 股票简称：良信股份 公告编号：2025-037 根据上海市浦东新区高行镇财政扶持资金拨付通知，上海良信电器股份有限 公司（以下简称"公司"）符合浦东新区财政扶持有关政策，于近日收到上海市 浦东新区高行镇人民政府转入的财政扶持资金 14,100,000.00 元。占公司 2024 年度经审计归属于母公司股东的净利润的 4.52%。 二、补助的类型及其对上市公司的影响 1、补助的类型 根据《企业会计准则第 16 号-政府补助》的相关规定，与资产相关的政府补 助，是指企业取得的、用于购建或以其他方式形成长期资产的政府补助；与收益 相关的政府补助，是指除与资产相关的政府补助之外的政府补助。公司本次获得 的政府补助不用于购建固定资产或以其他方式形成长期资产，故为与收益相关的 政府补助。 2、补助的确认和计量 按照《企业会计准则第 16 号-政府补助》的相关规定，本次收到的扶持资金 14,100,000.00 元，属于与收益相关的政府补助，计入营业外收入。具体的会计 处理以会计师事务所审计结果为准。 上海良信电器股份有限公司 关于收到政府补助的公告 本公司及董事会全体成员保证信息披露的内容真实、准 ...

上海良信电器股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 上海良信电器股份有限公司（以下简称"公司"）于 2024 年 8 月 1 日召开 第六届董事会第二十二次会议和第六届监事会第二十一次会议，审议通过了《关 于回购公司股份方案的议案》，同意公司使用自有资金以集中竞价交易的方式回 购公司部分已发行的人民币普通股（A 股），本次回购股份将用于实施员工持股 计划或股权激励。本次回购股份的资金总额不低于人民币 5,000 万元（含），且 不超过人民币 10,000 万元（含），回购股份价格不超过人民币 9.80 元/股（含）， 实施期限为董事会审议通过回购股份方案之日起 12 个月内，具体内容详见公司 于 2024 年 8 月 2 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于 回购公司股份方案的公告》（公告编号：2024-054）及 2024 年 8 月 7 日披露的 《回购报告书》（公告编号：2024-058）等相关公告。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引 ...

Industry Overview - The leakage circuit breaker industry in China has shown steady growth, with a market size of approximately 20.246 billion yuan in 2023, projected to increase to 21.521 billion yuan in 2024, representing a year-on-year growth of 6.3% [1][10] - The demand for leakage circuit breakers is driven by urbanization, the booming construction industry, and increased awareness of electrical safety among residents [1][10] - Future growth is expected to be supported by the continuous development of the construction industry, especially the popularity of smart homes, as well as industrial upgrades and the rapid expansion of the renewable energy sector [1][10] Industry Chain Analysis - The leakage circuit breaker industry chain consists of upstream raw materials, midstream manufacturing, and downstream application fields. Upstream materials include metals, electronic components, insulation materials, and magnetic materials [4] - The manufacturing process involves research and development, component manufacturing, assembly, and strict quality testing [4] - Downstream applications span various sectors, including construction, industry, power systems, home appliances, and rail transportation [4] Industry Development History - The leakage circuit breaker industry in China has evolved over 40 years from a policy-driven model to a technology-ecological model, with significant advancements in technology and market dynamics [6] - The industry has transitioned from low-end products with high failure rates to high-end products that meet international standards, with domestic market share increasing from 18% to 35% [6] Current Market Analysis - The market size of the leakage circuit breaker industry is expected to continue growing, with an average annual growth rate of around 7% over the next five years [10] - The residential construction sector accounts for 48% of the market, while industrial and infrastructure sectors account for 28%, and the renewable energy sector represents 14% [12] Key Companies in the Industry - Major companies include Chint Electric, Delixi Group, Broad Electric, Bull Group, and Goodson Electric, each with distinct market strategies and product offerings [14][15] - Chint Electric leads with a comprehensive product line and strong R&D capabilities, achieving a revenue of 57.251 billion yuan in 2023, a 24.53% increase year-on-year [15] - Goodson Electric focuses on high-end markets, with a revenue of 4.238 billion yuan in 2024, a decrease of 7.57% year-on-year [17] Future Development Trends - Miniaturization and integration are key trends, with leakage circuit breakers expected to combine multiple protective functions into a single device [19] - The industry is moving towards smart development, utilizing IoT and AI technologies for real-time monitoring and control of electrical systems [20][21] - There is a growing emphasis on high performance and reliability, with future products needing to meet stringent requirements in complex environments [22]