Investment Rating - The investment rating for the AIDC power equipment and grid industry is "Outperform the Market" (maintained) [1] Core Viewpoints - The global AI computing load is expected to grow significantly, with new AI computing loads projected at 9.7/15.9/20.2/22.3/23.4/24.6 GW from 2025 to 2030. This translates to a demand for AIDC power equipment of 29/48/60/67/70/74 GW, with an average annual growth rate of 20% [5][13] - The market potential for dry-type transformers, medium and low voltage switchgear, UPS, HVDC, and solid-state transformers is estimated to reach 85/341/41/380/239 billion yuan by 2030 [5][12] - The domestic data center industry is expected to see increased capital expenditure from major cloud providers, with 2025 anticipated to be a pivotal year for AIDC construction [5][18] Summary by Sections AIDC Power Equipment - The AIDC power equipment sector has shown a diverse range of products, with major global players like Vertiv, Eaton, and Schneider Electric having established strong product lines and solutions [5] - Domestic companies are gaining competitive advantages in various segments, with leading firms gradually building their solution-providing capabilities [5] - The recent performance of the AIDC power equipment sector has been mixed, with notable declines in backup diesel power sources and lead-acid batteries [5][24] Grid Industry - The grid sector has seen significant investment growth, with national grid engineering investment reaching 632 billion yuan in May 2025, a year-on-year increase of 33.3% [31][32] - The bidding results for high-voltage equipment have shown a strong performance, with a total bid amount of 211.89 billion yuan in July 2025, reflecting a year-on-year increase of 38.1% [64] - The grid industry is expected to benefit from the maturation of new business models such as electricity trading and virtual power plants, with a focus on high-voltage orders and deliveries in the second half of 2025 [5][58]

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-042 信息披露义务人 中联重科股份有限公司 | 住所 | 湖南省长沙市岳麓区银盆南路361号 | | | | | --- | --- | --- | --- | --- | | 权益变动时间 2025年7月3日至2025年7月9日 | | | | | | 中联重科因自身经营决策，于2025年7月3日至2025年7月9日 | | | | | | 期间，通过集中竞价交易方式累计减持本公司股份468,400 | | | | | | 权益变动过程 | 股，占本公司总股本的0.19%。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 有□ | 下降? | | 无? | | 是否为第一大股东或实际控制人 | 是□ 否? | | | | | 股份种类 减持股数（股） | 减持比例（%） | | | | | A股 | 0.19 | 468,400 | | ...

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。 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 2025 年 6 月 11 日披露了《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），其中，持有本公司股份 48,000,000 股（占本公司总股本比例 19.07%）的股东中联重科股份有限公司（以下简称"中 联重科"）计划自上述减持股份预披露公告发布之日起 15 个交易日后的 3 个月 内以集中竞价交易方式减持本公司股份不超过 2,517,375 股（占本公司总股本比 例 1%），以大宗交易方式减持本公司股份不超过 5,034,751 股（占本公司总股 本比例 2%），合计拟减持本公司股份不超过 7,552,126 股（占本公司总股本比 例 3%）。 公司于近日收到中联重科出具的《股份减持计划进展情况告知函》，获悉中 联重科于 2025 年 7 月 3 日至 2025 年 7 月 9 日，通过集中竞价交易方式累计减持 本公司股份 468,400 股，占本公司总股本的 0.19%。本次权益变动后，中联重科 持有本公司的股份由 4 ...

Group 1 - The controlling shareholder, Changsha Zhengyuan Enterprise Management Co., Ltd., plans to reduce its holdings in Taijia Co., Ltd. by up to 7,552,126 shares, representing no more than 3.00% of the total share capital [1][2] - The reduction will occur through two methods: a maximum of 2,517,375 shares (1.00% of total share capital) via centralized bidding and up to 5,034,751 shares (2.00% of total share capital) through block trading [1][2] - As of the announcement date, Changsha Zhengyuan holds 58,897,350 shares, accounting for 23.40% of the total share capital, and the reduction will not affect the company's control or governance structure [2] Group 2 - The company raised a total of RMB 82,085.62 million from two fundraising events, with the first in 2017 raising RMB 17,620.00 million and the second in 2023 raising RMB 58,555.16 million [3][4][5] - In 2024, the company reported a revenue of RMB 1.73 billion, a decrease of 6.16% year-on-year, and a net profit attributable to shareholders of RMB 50.42 million, down 62.11% year-on-year [5][6] - For the first quarter of 2025, the company achieved a revenue of RMB 355.14 million, a decline of 20.00% compared to the same period last year, with a net profit of RMB 14.97 million, down 53.24% year-on-year [7]

Group 1 - Brother Technology expects a net profit of 60 million to 75 million yuan for the first half of 2025, representing a year-on-year increase of 325% to 431.25% [1] - Zhonggang Luonai's shareholder plans to reduce its stake by 0.5%, amounting to no more than 562,500 shares [1] - Hesheng Silicon Industry's controlling shareholder intends to exchange up to 1% of its shares for ETF units, totaling no more than 11,822,100 shares [1][2] Group 2 - Suotong Development's actual controller plans to reduce its stake by up to 2.21%, equating to no more than 1,098,720 shares [2] - Funeng Technology's shareholder plans to reduce its stake by no more than 1%, totaling up to 12,221,000 shares [2][3] - Yuhua Development expects a net profit of 175 million to 225 million yuan for the first half of 2025, a year-on-year increase of 632% to 784% [4][5] Group 3 - Dingsheng Co. plans to reduce its stake by no more than 1.71%, equating to up to 726,430 shares [5] - Renle's stock has been terminated from listing, officially delisted on July 4, 2025 [6] - Weitang Industrial's controlling shareholder plans to reduce its stake by no more than 1.95%, totaling up to 340,000 shares [7] Group 4 - Yingfeng Environment's convertible bond may trigger a downward adjustment of the conversion price due to stock prices falling below 85% of the conversion price [8] - Jingye Da's actual controller plans to reduce its stake by no more than 3%, equating to up to 694,150 shares [10] - Yongtai Technology and its subsidiary are suing for 57.5193 million yuan in damages [11] Group 5 - *ST Meigu's subsidiary has been applied for bankruptcy liquidation [12] - Daoshi Technology plans to invest up to 165 million USD in a copper wet smelting project in the Democratic Republic of Congo [13] - Xinbo Co.'s actual controller plans to reduce its stake by no more than 1.54%, totaling up to 372,440 shares [14] Group 6 - Yunnan Energy Investment has obtained the development rights for a photovoltaic power generation project with a capacity of 20 MW [15] - Qinglong Pipe Industry's controlling shareholder plans to reduce its stake by no more than 3%, equating to up to 990,970 shares [15] - Yangjie Technology has terminated the share issuance and cash acquisition of Beite Electronics, opting for cash acquisition instead [16] Group 7 - Taijia Co.'s controlling shareholder plans to reduce its stake by no more than 3%, totaling up to 755,210 shares [17] - Songyang Resources has terminated the planning of a control change and will resume trading on July 4, 2025 [19]

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-041 湖南泰嘉新材料科技股份有限公司 长沙正元企业管理有限公司及公司实际控制人方鸿先生保证信息披露内容 真实、准确和完整，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。 特别提示： 湖南泰嘉新材料科技股份有限公司（以下简称"公司"）控股股东长沙正元企 业管理有限公司（以下简称"长沙正元"）持有公司 58,897,350 股股份，占公司 总 股 本 的 23.40% ； 公 司 实 际 控 制 人 方 鸿 先 生 通 过 长 沙 正 元 间 接 持 有 公 司 超过 7,552,126 股，减持比例不超过公司总股本 3.00%。其中，以集中竞价交易方 式减持不超过 2,517,375 股，减持比例不超过公司总股本的 1.00%；以大宗交易方 式减持不超过 5,034,751 股，减持比例不超过公司总股本的 2.00%。即公司实际控 制人方鸿先生计划自本公告披露之日起 15 个交易日后的 3 个月内减持其通过长沙 正元间接持有的公司股份不超过 7,552,126 股，减持比例不超过公司总股本 ...

泰嘉股份（002843）公告，控股股东长沙正元企业管理有限公司计划自公告披露之日起15个交易日后的 3个月内，通过集中竞价和大宗交易方式减持公司股份不超过755.21万股，减持比例不超过公司总股本 3.00%。 ...

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-041 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的预披露公告 长沙正元企业管理有限公司及公司实际控制人方鸿先生保证信息披露内容 真实、准确和完整，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。 特别提示： 湖南泰嘉新材料科技股份有限公司（以下简称"公司"）控股股东长沙正元企 业管理有限公司（以下简称"长沙正元"）持有公司 58,897,350 股股份，占公司 总股本的 23.40%；公司实际控制人方鸿先生通过长沙正元间接持有公司 58,897,350 股股份，占公司总股本的 23.40%。长沙正元计划自本公告披露之日起 15 个交易日后的 3 个月内，以集中竞价方式和大宗交易方式共计减持公司股份不 超过 7,552,126 股，减持比例不超过公司总股本 3.00%。其中，以集中竞价交易方 式减持不超过 2,517,375 股，减持比例不超过公司总股本的 1.00%；以大宗交易方 式减持不超过 5,034,751 股，减持比例不超过公司总股本的 2.00%。即公司实际控 制人方鸿 ...

证券代码：002843 证券简称：泰嘉股份 公告编号：2025-040 湖南泰嘉新材料科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、公司总股本 251,737,562 股，本次参与分派的股数为 251,737,562 股，实 际现金分红总金额 25,173,756.20 元（含税）。 2、本次权益分派方案实施后，按公司总股本计算每股现金红利 0.10 元；除 权除息参考价=股权登记日收盘价-0.10 元/股。 湖南泰嘉新材料科技股份有限公司（以下简称"公司"或"本公司"）2024 年度利润分配方案已获公司 2025 年 5 月 16 日召开的 2024 年年度股东大会审议 通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1、公司 2024 年年度股东大会审议通过的 2024 年度利润分配方案为：以公 司未来实施分配方案时股权登记日的总股本扣减应注销但尚未办理完成注销手 续的限制性股票总数（如有）为基数，向全体股东每 10 股派发现金股利 1 元（含 税），不以资本公积金 ...

Core Viewpoint - The announcement details the planned share reduction by major shareholders and executives of Hunan Taijia New Materials Technology Co., Ltd, including specific numbers and methods of share reduction [1][2][3] Group 1: Shareholder Information - Major shareholder Zhonglian Heavy Industry Co., Ltd holds 48,000,000 shares, representing 19.07% of the total share capital of the company [1] - Executive Yang Qianxun holds 1,260,000 shares, accounting for 0.50% of the total share capital [1] Group 2: Reduction Plan Details - Zhonglian Heavy Industry plans to reduce its holdings by up to 2,517,375 shares (1% of total share capital) through centralized bidding and up to 5,034,751 shares (2% of total share capital) through block trading, totaling a maximum of 7,552,126 shares (3% of total share capital) [1] - Yang Qianxun plans to reduce his holdings by up to 315,000 shares (0.13% of total share capital), not exceeding 25% of his total shares held [1] Group 3: Compliance and Commitments - Zhonglian Heavy Industry has committed not to transfer or manage its shares for twelve months following the company's initial public offering [2][3] - The company has adhered to its commitments and there are no inconsistencies with previously disclosed shareholding intentions [3]