Group 1 - The company, Hunan Taijia New Materials Technology Co., Ltd., has approved a plan to increase capital in its wholly-owned subsidiary, Taijia New Materials (Hong Kong) Co., Ltd., to enhance its global competitiveness and expand its overseas presence [2][4] - The total capital increase to the Hong Kong subsidiary will not exceed RMB 100 million, which will be used for establishing a subsidiary in Thailand, purchasing land, constructing facilities, and other operational needs [2][5] - The newly established Thai subsidiary is named Taijia Co., Ltd. (Thailand) and will focus on the development and production of cutting tools and related services [4][5] Group 2 - As of the announcement date, the company has completed the registration of the Thai subsidiary and obtained the necessary documentation from local authorities [4][7] - The registered capital of the Thai subsidiary is 5 million Thai Baht, and it is fully owned by the Hong Kong subsidiary [5][6] - The company has also completed the necessary foreign investment registration procedures and obtained relevant certificates from the Hunan provincial authorities [7]

Market Overview - The Shanghai Composite Index rose by 0.17% on May 13, with 18 out of 28 sectors experiencing gains, led by the banking and beauty care sectors, which increased by 1.52% and 1.18% respectively [1] - The defense and military industry and the computer sector saw the largest declines, with drops of 3.07% and 0.80% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 35.713 billion yuan, with 8 sectors seeing net inflows [1] - The banking sector had the highest net inflow, amounting to 722 million yuan, contributing to its 1.52% increase [1] - The transportation sector also saw a positive net inflow of 603 million yuan, with a daily increase of 0.72% [1] Mechanical Equipment Sector Performance - The mechanical equipment sector declined by 0.66%, with a total net outflow of 3.968 billion yuan [2] - Out of 530 stocks in this sector, 121 stocks rose, while 395 stocks fell [2] - Notable stocks with significant net inflows included Nanxing Co. with 170 million yuan, Taijia Co. with 134 million yuan, and Baoxin Technology with 111 million yuan [2] Mechanical Equipment Sector Capital Inflow and Outflow - The top gainers in the mechanical equipment sector included: - Nanxing Co. (+10.02%, 170.26 million yuan) - Taijia Co. (+5.69%, 134.34 million yuan) - Baoxin Technology (+9.93%, 110.77 million yuan) [2][4] - The top losers in the sector included: - Tuosida (-2.26%, -676.46 million yuan) - Julun Intelligent (-2.42%, -222.37 million yuan) - Zongshen Power (-2.11%, -194.99 million yuan) [4]

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-035 湖南泰嘉新材料科技股份有限公司 关于对外投资的进展公告 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。 一、对外投资概述 湖南泰嘉新材料科技股份有限公司（以下简称"公司"）于 2024 年 12 月 18 日召开第六届董事会第十四次会议，审议通过了《关于增资全资子公司并通 过其进行对外投资的议案》。为适应公司"战略突破、产品领先、全球经营、组 织驱动"的战略发展思路，进一步深化海外布局，完善全球供应链，提升公司全 球竞争力，公司拟使用自有资金或自筹资金增资全资子公司泰嘉新材（香港）有 限公司（以下简称"香港泰嘉"），并通过香港泰嘉进行对外投资，具体情况如 下： 2、香港泰嘉完成增资后，拟在泰国设立子公司（新设公司名称待定，最终 以泰国公司注册机关核准信息为准），投资建设泰国项目基地，开展锯切及相关 业务。投资规模不超过人民币 10,000 万元，实际投资金额以相关主管部门批准 金额为准，投资资金拟用于设立该子公司、购买土地、建设工厂和设施、购买机 器设备、公司运营、资质认证、铺底流动资金、 ...

Investment Rating - The report maintains a "Buy" rating for several key companies in the semiconductor and AI sectors, including 中芯国际 (SMIC), 海光信息 (Haiguang), and others, indicating strong growth potential in the domestic AI and computing landscape [5][6]. Core Insights - The domestic AI landscape is witnessing significant advancements with the emergence of models like 豆包 (Doubao) and DeepSeek, which are leading the charge in multi-modal and lightweight AI model development, respectively [1][2]. - The report highlights a shift towards domestic computing power solutions, with chip manufacturers rapidly adapting to the evolving AI ecosystem, particularly through advancements in semiconductor processes and AI training capabilities [2][3]. - There is a notable increase in capital expenditure among cloud computing firms, driven by the rising demand for AI computing infrastructure, which is expected to lead to a "volume and price rise" scenario in the cloud computing market [3][4]. Summary by Sections Section 1: Breakthroughs in Domestic AI Models - 豆包 has emerged as a leading multi-modal model, enhancing capabilities in speech, image, and code processing, with a significant release of its visual understanding model in December 2024 [1][11]. - DeepSeek focuses on lightweight model upgrades, achieving a remarkable cost-performance ratio with its DeepSeek-V3 model, which has 671 billion total parameters and costs only 557.6 million USD, positioning it among the world's top models [1][12]. - The rapid iteration of domestic models, including updates from 通义千问 and others, reflects a competitive landscape that is accelerating the development of AI applications [1][34]. Section 2: Advancements in Domestic Computing Power - 中芯国际 is advancing its semiconductor processes, with N+1 and N+2 technologies being developed to support the growing demand for AI chips, achieving significant performance improvements [2][56]. - The report notes that the domestic chip industry is evolving, with companies like 昇腾 (Ascend) and others making strides in AI training and inference capabilities, thereby reducing reliance on international competitors [2][59]. - The cloud computing sector is experiencing a capital expenditure boom, with companies like 华勤 and 浪潮 rapidly deploying servers that are compatible with domestic computing power solutions [3][4]. Section 3: Infrastructure and Supply Chain Developments - The report emphasizes the need for enhanced computing infrastructure to meet the surging demand for AI applications, with significant investments being made in server and power supply innovations [3][4]. - Innovations in power supply and cooling systems, particularly the shift from traditional air cooling to liquid cooling, are becoming essential to support the increasing power density in data centers [4]. - The report identifies key players in the supply chain, including companies in power supply, cooling, and server manufacturing, that are poised to benefit from the growth of the AI and computing sectors [5].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [1][11]. Core Views - The company is experiencing short-term performance pressure, but its power supply business is expected to gain momentum [5]. - The U.S. export restrictions on NVIDIA H20 and similar AI chips are seen as a positive development for the domestic AI chip industry, which may benefit the company's server power module business [6][11]. - The company has established a dual business model focusing on "sawing + power supply," which includes new categories such as new energy smart photovoltaic/storage power and data center power [5]. Financial Performance - In 2024, the company reported a revenue of 1.731 billion yuan, a year-on-year decrease of 6.16%, and a net profit attributable to shareholders of 50.41 million yuan, down 62.11% [4][11]. - The first quarter of 2025 saw a revenue of 355 million yuan, a decline of 20% year-on-year, with a net profit of 15 million yuan, down 53.24% [4][11]. - The company forecasts revenues of 2.103 billion yuan, 2.839 billion yuan, and 4.003 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.46, 0.88, and 1.49 yuan [11][13]. Market Trends - The penetration rate of AIPC (AI Personal Computer) is gradually increasing, with global shipments reaching 8.8 million units in Q2 2024 and expected to rise to 15.4 million units by Q4 2024 [10]. - The company is recognized as a leading ODM manufacturer in the domestic market, having increased R&D investments since 2021 and successfully developed new AIPC power supply products [10]. Business Outlook - The company’s server power module production line began operations in Q4 2023, with production efficiency steadily improving [9]. - The domestic AI server penetration is anticipated to increase, which is expected to empower the company's data center power business [9][11].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage [1]. Core Insights - The company is experiencing short-term performance pressure, with a focus on its power supply business showing potential for future growth. The dual business model of "saw cutting + power supply" is being established [5][9]. - The recent U.S. export restrictions on NVIDIA H20 and similar AI chips are expected to create opportunities for domestic AI chip manufacturers, which may benefit the company's server power module business [6][11]. - The AIPC (AI Personal Computer) penetration rate is gradually increasing, with expectations for both volume and price growth in AIPC power supply products [10]. Financial Performance Summary - In 2024, the company reported a total revenue of 1.731 billion yuan, a year-on-year decrease of 6.16%, and a net profit attributable to shareholders of 50 million yuan, down 62.11% [4][11]. - The forecast for 2025-2027 indicates revenues of 2.103 billion, 2.839 billion, and 4.003 billion yuan respectively, with corresponding EPS of 0.46, 0.88, and 1.49 yuan [11][13]. - The company is expected to see a significant recovery in net profit, with growth rates projected at 130.9% in 2025 and 93.2% in 2026 [13]. Market Position and Strategy - The company has established a strong foothold in the power supply sector, particularly in high-power applications such as smart photovoltaic/storage power and data center power solutions [5][9]. - The launch of the first commercial intelligent computing node in the Guangdong-Hong Kong-Macao Greater Bay Area signifies the company's commitment to enhancing its capabilities in the AI computing space [8]. - The company is recognized as a leading ODM manufacturer in the AIPC sector, with ongoing development of new power supply products tailored to customer demands [10].

编号：2025-001 证券代码：002843 证券简称：泰嘉股份 湖南泰嘉新材料科技股份有限公司 投资者关系活动记录表 |  投资者关系活 | 特定对象调研 □分析师会议 | | --- | --- | | 动类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 其他 | | 参与单位名称 | 国联民生证券、万泰华瑞投资、洪昌投资、青岛长铭、深圳前海向阳、 | | 及人员姓名 | 上海水璞私募基金、华泰保兴基金等机构分析师、研究员与基金经理等 | | | 共计 9 人。 | | 时间 | 2025 年 4 月 28 日 | | 地点 | 长沙市望城区泰嘉路 68 号公司会议室 | | 上市公司接待 人员姓名 | 董事会秘书谭杰伦、证券事务代表谭永平 | | | 一、公司董事会秘书谭杰伦向投资者简要介绍公司业务与发展历 程 | | | 二、主要问答交流事项 | | | 1、公司 2024 年度和 2025 年一季度业绩下降的原因是什么？ | | | 答：2024 年度，公司实现营业收入 173,098.43 万元，同比下降 | | 投资者关系活 | 6.16%， ...

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-034 | 股东 名称 | 是否为控股股东 或第一大股东及 | 本次解除质 押股份数量 | 占其所持 股份比例 | 占公司总 股本比例 | 起始日 | | 解除日期 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 其一致行动人 | （万股） | | | | | | | | | 长沙 | 是 | 450 | 7.64% | 1.77% | 2023 月 25 | 年 7 日 | 2025 月 23 | 年 4 日 | 中信建投证券 | | 正元 | | 247 | 4.19% | 0.97% | 2024 | 年 7 | 2025 | 年 4 | 股份有限公司 | | | | | | | 月 24 | 日 | 月 23 | 日 | | | | 合计 | 697 | 11.83% | 2.74% | -- | | -- | | -- | 三、股东股份累计被质押的情况 股东 名称 是否为控 股股东及 其一致行 动人 本次质 押数量 （万股） 占其所 ...

平安证券股份有限公司 关于湖南泰嘉新材料科技股份有限公司 向特定对象发行股票并上市之保荐总结报告书 根据中国证监会《证券发行上市保荐业务管理办法》和《深圳证券交易所上 市公司自律监管指引第 13 号——保荐业务》等有关法律法规的要求，平安证券 股份有限公司（以下简称平安证券或保荐人）作为湖南泰嘉新材料科技股份有限 公司（以下简称泰嘉股份、发行人或公司）2023 年向特定对象发行股票的保荐 人，履行持续督导责任期间至 2024 年 12 月 31 日。根据《证券发行上市保荐业 务管理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等 相关规定，出具本持续督导保荐总结报告书。 一、保荐人及保荐代表人承诺 三、发行人基本情况 | 发行人名称 | 湖南泰嘉新材料科技股份有限公司 | | --- | --- | | 证券代码 | 002843.SZ | | 注册资本 | 万元 25,224.1516 | | 注册地址 | 长沙市望城经济技术开发区泰嘉路 68 号 | | 主要办公地址 | 长沙市望城经济技术开发区泰嘉路 68 号 | | 法定代表人 | 方鸿 | | 实际控制人 | 方鸿 | | 联 ...

湖南泰嘉新材料科技股份有限公司 内部控制审计报告 天职业字[2025]12575-1 号 录 目 内部控制审计报告- -1 您可使用手机"扫一扫"或近入"注册会计师行业统一流管平台（http://acc.mcf.gov.cn）"进行查查 您可使用手机"扫一扫"或近入"注册会计师行业统一监管平台（http://acc.mc.f.gov.cn）"进行查查 " 内部控制审计报告 天职业字[2025]12575-1 号 湖南泰嘉新材料科技股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们审计了湖 南泰嘉新材料科技股份有限公司(以下简称"泰嘉股份")2024年 12 月 31 日的财务报告内部 控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定,建立健全和有效实施内部控制,并评价其有效性是泰嘉股份董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表审计意见, 并对注意到的非财务报告内部控制的重大缺陷进行披露。 内部控制审计报告(续) 天职业字[20 ...