Core Viewpoint - The announcement details the share reduction plan of a major shareholder, Zoomlion Heavy Industry Science and Technology Co., Ltd., regarding its stake in Hunan Taijia New Materials Technology Co., Ltd. [2][3] Group 1: Shareholder Reduction Plan - Zoomlion plans to reduce its holdings by a total of up to 7,552,126 shares, which represents 3% of the total share capital of the company [2] - The reduction will occur through two methods: a maximum of 2,517,375 shares via centralized bidding and up to 5,034,751 shares through block trading [2] - As of July 9, 2025, Zoomlion has already reduced its holdings by 468,400 shares, bringing its total shares down from 48,000,000 to 47,531,600, which is a decrease from 19.07% to 18.88% of the total share capital [3] Group 2: Progress of Share Reduction - From July 10 to August 11, 2025, Zoomlion further reduced its holdings by 3,286,971 shares, with 2,048,971 shares sold through centralized bidding and 1,238,000 shares through block trading [3] - Following this reduction, Zoomlion's total shares decreased to 44,244,629, representing 17.58% of the total share capital [3] - The reduction has triggered a change in shareholder equity that touches on the 1% integer multiple threshold [3][4] Group 3: Compliance and Impact - The share reduction plan complies with relevant regulations and does not affect the control of the company, as Zoomlion is not a controlling shareholder [4] - The company will continue to monitor the progress of the share reduction and will disclose updates as required [4]

关于持股5%以上股东减持股份触及1%整数倍的公告 持股5%以上股东中联重科股份有限公司保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：002843 证券简称：泰嘉股份 公告编号：2025-063 湖南泰嘉新材料科技股份有限公司 露的《关于持股5%以上股东、董事、高级管理人员减持股份的 预披露公告》（公告编号：2025-039）。 2、公司股东中联重科本次减持情况与已披露的减持计划一 致，不存在违反减持计划及相关承诺的情形。 3、截至本公告披露日，本次减持计划尚未实施完毕。 本次变动是否存在 违反《证券法》《上 市公司收购管理办 法》等法律、行政法 规、部门规章、规 范性文件和本所业 务规则等规定的情 况 是□ 否 5．被限制表决权的股份情况 按照《证券法》第六 十三条的规定，是 否存在不得行使表 决 权的股份 是□ 否 6．备查文件 1、中国证券登记结算有限责任公司持股变动明细 2、中联重科出具的《股份减持计划进展情况告知函》 湖南泰嘉新材料科技股份有限公司（以下简称"公司"、"本公司"）于 20 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2025-08-11 | 002843 | 泰嘉股份 | 20.89 | 9.60 | 200.54 机构专用 | 中国国际金融股份 | | | | | | | | 有限公司深圳分公 | | | | | | | | 同 | | 2025-08-11 | 002843 | 泰嘉股份 | 20.89 | 9.60 | 200.54 机构专用 | 中国国际金融股份 | | | | | | | | 有限公司深圳分公 | | | | | | | | 司 | | 2025-08-11 | 002843 | 泰嘉股份 | 20.89 | 45.90 | 958.85 机构专用 | 中国国际金融股份 | | | | | | | | 有限公司深圳分公 | | | | | | | | 同 | | 2025-08-11 | 002843 | 泰嘉股份 | 20.8 ...

Investment Rating - The investment rating for the AIDC power equipment and grid industry is "Outperform the Market" (maintained rating) [1] Core Viewpoints - The demand for AIDC power equipment is expected to grow significantly due to the increasing capital expenditure by major cloud service providers, with a projected annual growth rate of 20% from 2025 to 2030 [5][13] - The market space for various AIDC power equipment segments, including dry-type transformers, medium and low voltage switchgear, UPS, HVDC, and solid-state transformers, is estimated to reach significant values by 2030 [12][13] - The industry is witnessing a shift towards domestic companies gaining competitive advantages in the data center sector, with a potential overall value chain transfer to Chinese enterprises [5] AIDC Power Equipment Summary - Recent capital expenditures by North America's four major cloud service providers reached $95 billion in Q2, a year-on-year increase of 66% [5] - The projected global AI computing load from 2025 to 2030 is expected to be 9.7, 15.9, 20.2, 22.3, 23.4, and 24.6 GW respectively, with corresponding AIDC power equipment demand estimated at 29, 48, 60, 67, 70, and 74 GW [5][13] - The market space for dry-type transformers, medium and low voltage switchgear, UPS, HVDC, and solid-state transformers is expected to reach 85, 341, 41, 380, and 239 billion yuan respectively by 2030 [12][13] - Recent performance in the AIDC power equipment sector shows significant increases, with high-voltage direct current (HVDC) rising by 19.7%, server power supplies by 11.3%, and lead-acid batteries by 8.5% [5] - Key companies in the AIDC power equipment sector include Jinpan Technology, Mingyang Electric, Hezhong Electric, and others [5] Grid Industry Summary - In June 2025, the total investment in national power engineering reached 105.7 billion yuan, a year-on-year increase of 22.5% [31] - The total investment in national grid engineering for the first half of 2025 was 291.1 billion yuan, reflecting a year-on-year increase of 14.6% [32] - The recent bidding for the State Grid's fourth batch of substation equipment amounted to approximately 12.77 billion yuan, with a cumulative estimated bidding amount for the year reaching 66.84 billion yuan, a year-on-year increase of 20.5% [58] - The grid equipment sector has also seen significant stock performance, with cable components and other equipment rising by 6.8% recently [5] - Key focus areas for the grid industry include high-voltage orders, virtual power plants, and international expansion opportunities [5]

格隆汇8月7日丨泰嘉股份(002843.SZ)公布，公司于近日收到控股股东长沙正元出具的《股份减持计划 进展情况告知函》，获悉长沙正元于2025年8月6日通过大宗交易方式减持公司股份2,261,500股，占公司 总股本的0.90%。本次权益变动后，长沙正元持有公司的股份由58,897,350股减少至56,635,850股，占公 司总股本的比例由23.40%减少至22.50%，股东权益变动触及1%的整数倍。 ...

格隆汇8月7日丨泰嘉股份(002843.SZ)公布，公司于近日收到控股股东长沙正元出具的《股份减持计划 进展情况告知函》，获悉长沙正元于2025年8月6日通过大宗交易方式减持公司股份2,261,500股，占公司 总股本的0.90%。本次权益变动后，长沙正元持有公司的股份由58,897,350股减少至56,635,850股，占公 司总股本的比例由23.40%减少至22.50%，股东权益变动触及1%的整数倍。 ...

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-062 湖南泰嘉新材料科技股份有限公司 关于控股股东减持股份触及1%整数倍的公告 | 1．基本情况 | | | --- | --- | | 信息披露义务人 | 长沙正元企业管理有限公司 | | 住所 | 长沙市望城经济技术开发区马桥河路5号 | | 权益变动时间 | 2025年8月6日 | | 权益变动过程 | 长沙正元因自身资金需求，于2025年8月6日通过大宗交易方 式减持本公司股份2,261,500股，占本公司总股本的0.90%。 | 一、股东权益变动触及 1%整数倍的情况 | 本次权益变动不会导致公司控制权发生变化，不会对公司的 | | | | | --- | --- | --- | --- | | 治理结构及持续经营产生重大影响。 | | | | | 股票简称 泰嘉股份 股票代码 | 002843 | | | | 变动方向 上升□ 一致行动人 下降 | 有□ 无 | | | | 是否为第一大股东或实际控制人 是☑ | 否 | | | | 2．本次权益变动情况 | | | | | 股份种类 减持股数（股） | 减持比例（%） | | ...

Core Insights - The company, Taijia Co., Ltd. (002843), reported a decline in total revenue and net profit for the first half of 2025 compared to the same period in 2024, with total revenue at 759 million yuan, down 11.96%, and net profit at 40.63 million yuan, down 25.34% [1][3] Financial Performance - Total revenue for Q2 2025 was 404 million yuan, a decrease of 3.42% year-on-year, while net profit for the same quarter increased by 14.49% to 25.66 million yuan [1] - The gross profit margin improved to 18.54%, an increase of 4.52% year-on-year, while the net profit margin decreased to 5.34%, down 5.57% [1] - Total expenses (selling, administrative, and financial) amounted to 66.96 million yuan, representing 8.83% of revenue, an increase of 11.37% year-on-year [1] - Earnings per share decreased to 0.16 yuan, down 27.27%, and operating cash flow per share fell to 0.37 yuan, down 36.1% [1] Accounts Receivable and Liabilities - The company's accounts receivable increased by 2.69% to 433 million yuan, with accounts receivable to net profit ratio reaching 858.76% [1][5] - Interest-bearing liabilities rose by 7.87% to 403 million yuan [1] Operational Insights - The decline in revenue was attributed to reduced sales in the power supply segment of the consumer electronics business [3] - Management expenses increased by 10.64% due to higher personnel optimization costs and increased intermediary fees for overseas expansion in the cutting segment [3] - Research and development expenses decreased by 22.22%, reflecting reduced investment in the power supply segment [3] Investment Metrics - The company's return on invested capital (ROIC) was reported at 2.87%, indicating weak capital returns, with a historical median ROIC of 10.35% since its listing [4] - The net profit margin for the previous year was 2.58%, suggesting low added value in products or services [4]

Group 1 - The company announced a capital increase of 200 million yuan to its subsidiary, Changsha Botai Electronics Co., Ltd. [2] - The subsidiary will also increase capital by 200 million yuan to its subsidiary, Luoding Yada Co., Ltd. [2] - The capital increase and related business registration changes have been completed as of the announcement date [2]

Core Viewpoint - The company is increasing its investment in subsidiaries to strengthen its capital structure and support growth initiatives [1] Group 1: Investment Details - The company is using its own funds of 200 million yuan to increase capital in its subsidiary, Changsha Botai Electronics Co., Ltd [1] - The subsidiary will then invest an additional 200 million yuan into its subsidiary, Yada Electronics (Luoding) Co., Ltd [1] - The registered capital of Botai Electronics has increased from 15.5694 million yuan to 216 million yuan [1] - The registered capital of Yada Electronics has increased from 123 million yuan to 323 million yuan [1]