会议助理: 本会议信息仅供参考，不代表任何投资建议。 王风涤 中泰证券机械分析师: 到 30 年，目前这个需求，会超过 200 GW。其实概括为一句话，就是北美缺电的这么一 个情况。它其实就是 AI 的电力需求突增，对应了以及对应着这个北美本地这个电网基建 老化之间的一种矛盾。这也就导致了为什么这个，目前这个功能技术的路径出现了微调。 什么叫微调？就是阶段内这个燃气轮机仍然是主力，但是基于产能、交期以及区域的工序 不平衡等等因素吧，这个行业它处在一个多技术路线动态微调的阶段这个多技术并行，其 实我个人认为有一点像 20 年前后的光伏的 P 型和 N 型的那个时间点，就是它还没有到抉 择的时刻，因为北美目前的这个缺电缺口，我们刚才介绍过。 它其实是大于目前任何单一技术的产能的。即使从这个发电效率、碳排放、什么成本、度 电成本等等等方面。这个，尤其是重燃，它的这个综合表现是最优的。但是，它这个实际 的装机的交付周期，尤其是这个大型的交付周期。已经从 24 年那一段时间的 2.5 年到 3 年拉长到了现在最长的 7 年。这个也是向大家排期到 2029 年的原因。这个供应链受限， 使得大量的增量需求外溢到了目前的其他 ...

Group 1 - The core point of the article is that Yue Ling Co., Ltd. announced the establishment of a new subsidiary, Nanning Yue Ling Special Automotive Parts Development Co., Ltd., with an investment of 50 million yuan [2] - The new subsidiary will be located in Nanning, Guangxi, and the company expects to hold 100% equity after the completion of business registration [2]

Group 1 - The company announced that its sixth board meeting was held on February 13, 2026, via telecommunication, where it reviewed the proposal to establish a wholly-owned subsidiary [1] - The company experienced a dramatic shift in net profit, increasing ninefold before suddenly reporting a loss exceeding 200 million [1] - The chairman personally contributed 50 million to cover the financial shortfall, raising questions about the company's financial management [1]

Core Viewpoint - The company has approved the establishment of a wholly-owned subsidiary in Nanning, Guangxi, to enhance its business operations in the Southwest region and facilitate access to the Southeast Asian market [1] Group 1: Investment and Expansion - The company’s subsidiary, Zhejiang Changyi, will invest 50 million in setting up Nanning Yueling Special Automobile Parts Development Co., Ltd. [1] - This investment is aimed at leveraging Nanning's unique geographical advantage to expand the company's business in the Southwest region [1] Group 2: Strategic Alignment - The establishment of the subsidiary aligns with the company's long-term strategic development plan [1] - The initiative is intended to serve as a core bridge for the company to connect with the Southeast Asian market [1]

Core Viewpoint - The company plans to invest 50 million in establishing a wholly-owned subsidiary in Nanning, Guangxi, to leverage the region's strategic location for expanding its business in Southwest China and connecting with the Southeast Asian market [1] Group 1 - The investment will be made by the company's wholly-owned subsidiary, Zhejiang Changyi Investment Co., Ltd. [1] - The establishment of the new subsidiary aims to assist the company in expanding its operations in the Southwest region of China [1] - The initiative aligns with the company's long-term strategic development plan [1]

Core Viewpoint - The company plans to invest 50 million in establishing a wholly-owned subsidiary in Nanning, Guangxi, to enhance its business in the Southwest region and connect with the Southeast Asian market [1] Group 1: Investment Details - The investment amount is 50 million [1] - The subsidiary will be named Nanning Yueling Special Automotive Parts Development Co., Ltd. [1] Group 2: Strategic Importance - The location in Nanning offers unique advantages for accessing the Southeast Asian market [1] - This initiative aligns with the company's long-term strategic development plan [1]

Core Viewpoint - The company, Yue Ling Co., Ltd. (002725.SZ), has approved the establishment of a wholly-owned subsidiary in Nanning, Guangxi, with an investment of 50 million yuan to enhance its business in the southwestern region and connect with the Southeast Asian market [1] Group 1 - The company’s board of directors approved the investment proposal during the third meeting of the sixth board session [1] - The subsidiary, named Nanning Yue Ling Special Automobile Parts Development Co., Ltd. (tentative), will be established using the funds from the company’s wholly-owned subsidiary, Zhejiang Changyi Investment Co., Ltd. [1] - The strategic move aims to leverage Nanning's unique geographical advantage to expand the company's operations in the southwestern region and facilitate access to the Southeast Asian market [1]

证券代码：002725 证券简称：跃岭股份 公告编号：2026-009 浙江跃岭股份有限公司 二、新设立全资孙公司的基本情况 1、公司名称：南宁跃岭专用汽车零部件开发有限公司（暂定名，最终以市 场监督管理部门核准为准） 2、注册地址：广西壮族自治区南宁市江南区海城路 9 号产投经开海城产业 园 5#楼 5303-45（具体地址以在市场监督管理部门登记为准） 3、法定代表人：霍红昌 4、注册资本：人民币 5,000 万元 5、出资方式：由子公司昌益投资以自有资金全额出资，出资期限按照相关 法律法规及公司章程规定执行。 6、经营范围：一般经营项目：汽车零部件研发；汽车零部件及配件制造； 关于对外投资设立全资孙公司的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、对外投资概述 浙江跃岭股份有限公司（以下简称"公司"）于 2026 年 2 月 13 日召开第六 届董事会第三次会议，审议通过了《关于投资设立全资孙公司的议案》，同意公 司全资子公司浙江昌益自有资金投资有限公司（以下简称"昌益投资"）出资 5,000 万在广西南宁设立南宁跃岭专用汽车零部件开发有限 ...

证券代码：002725 证券简称：跃岭股份 公告编号：2026-008 浙江跃岭股份有限公司 第六届董事会第三次会议决议公告 三、备查文件 浙江跃岭股份有限公司（以下简称"公司"）第六届董事会第三次会议于 2026 年 2 月 8 日以电子邮件和书面形式发出通知，并于 2026 年 2 月 13 日以通 讯方式召开。本次会议由董事长刘翔先生主持，会议应到董事 9 人，实到董事 9 人，公司非董事高级管理人员列席了会议。本次会议的召开符合《公司法》及《公 司章程》的规定。 二、董事会会议审议情况 经与会董事认真审议，本次会议以投票表决方式通过了以下决议： 审议通过了《关于投资设立全资孙公司的议案》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 会议同意公司全资子公司浙江昌益自有资金投资有限公司（以下简称"昌益 投资"）出资 5,000 万在广西南宁设立南宁跃岭专用汽车零部件开发有限公司（暂 定名，最终以市场监督管理部门核准为准），并授权昌益投资经营管理层办理相 关登记注册手续。 具 体 内 容 详 见 与 本 决 议 同 日 在 《 证 券 时 报 》 和 巨 潮 资 讯 网 （http://www.c ...

Group 1: Shareholder Pledge - The controlling shareholder, Shenzhen Jieshi Jin Cai Technology Co., Ltd., pledged all of its shares in the company, accounting for 24.5606% of the total share capital, for financing purposes on February 4, 2026. This followed the release of the same number of shares from pledge on February 3, 2026 [2] Group 2: Company Status - On January 13, 2026, the company announced plans to transfer its 10.05% stake in Zhongshi Guangxin (Shishi) Co., Ltd. through a public listing, with a base price of 161 million yuan. This move aims to revitalize the company's existing assets and optimize its asset structure [3] Group 3: Performance and Operating Conditions - On January 30, 2026, the company released its earnings forecast for 2025, expecting a net profit attributable to shareholders of 12 million to 18 million yuan, representing a year-on-year decline of 61.86% to 74.57%. The change in performance is primarily due to a decrease in non-recurring gains and losses compared to the previous year [4]