北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致：深圳麦格米特电气股份有限公司 北京市嘉源律师事务所 关于深圳麦格米特电气股份有限公司 2025 年第二次临时股东大会的 北京市嘉源律师事务所 关于深圳麦格米特电气股份有限公司 2025 年第二次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 法律意见书 嘉源(2025)-04-198 北京市嘉源律师事务所（以下简称"本所"）接受深圳麦格米特电气股份有 限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简 称"《公司法》"）《上市公司股东会规则》（以下简称"《股东会规则》"） 等现行有效的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"） 以及《深圳麦格米特电气股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，指派本所律师对公司 2025 年第二次临时股东大会（以下简称"本次 股东大会"）进行见证，并依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提 ...

证券代码：002851 证券简称：麦格米特 公告编号：2025-020 深圳麦格米特电气股份有限公司 2025 年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议的情形。 一、会议召开和出席情况 4、会议召集人：深圳麦格米特电气股份有限公司（以下简称"公司"）董事 会。 5、会议主持人：公司董事、副总经理张志。 6、本次会议的召开符合《中华人民共和国公司法》等有关法律、行政法规、 部门规章、规范性文件、深圳证券交易所业务规则以及公司章程的规定。 （二）会议出席情况 1 （一）会议召开情况 1、本次股东大会的召开时间： （1）现场会议时间：2025 年 4 月 14 日（星期一）下午 14:00。 （2）网络投票时间：2025 年 4 月 14 日（星期一）上午 9:15 至下午 15:00。 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 4 月 14 日上 午 9:15-9:25，9:30-11:30，下午 1 ...

麦格米特（002851）今日涨停，成交额22.46亿元，换手率9.78%，盘后龙虎榜数据显示，深股通专用席 位买入1.51亿元并卖出1.56亿元，一机构专用席位净买入3616.22万元，一机构专用席位净卖出4994.19万 元。 暗盘资金正涌入这些股票，点击速看>>> ...

Investment Rating - Industry rating: Recommended [5] Core Viewpoints - The ongoing tariff war between the US and China has intensified, with the US imposing a 34% tariff on Chinese imports, prompting China to respond with similar tariffs, which accelerates the domestic innovation and localization process in the technology sector [1][3][14] - The Chinese government emphasizes "technological self-reliance" as a core agenda, with policies aimed at enhancing key technology breakthroughs and increasing investment in basic research, which supports the growth of the domestic technology industry [2][26] - The tariff situation has led to significant market volatility, with the Chinese stock market experiencing a drop of over 7% in a single day, but state-owned enterprises have stepped in to stabilize the market through share buybacks and acquisitions [3][32] Summary by Sections 1. Changes in Foreign Tariff Policies - The US has implemented a "reciprocal tariff" policy, raising tariffs on Chinese goods, which has increased the cost of imported high-end components for the Chinese tech industry, particularly in hardware sectors like chips and servers [1][14][19] - The tariff war has created short-term challenges for the domestic innovation industry, but it also accelerates the push for domestic alternatives and self-sufficiency in technology [19][35] 2. Policy Promotion of Self-Reliance - The Chinese government has introduced measures to strengthen key technology research and optimize the layout of scientific research resources, aiming to create a trillion-level domestic innovation industry cluster by 2027 [2][28] - Local governments are also implementing supportive policies to promote domestic technology development, focusing on areas such as artificial intelligence and software ecosystems [28][30] 3. Corporate Actions and Domestic Tariff Responses - In response to the tariff war, state-owned enterprises have increased share buybacks to bolster market confidence, with 18 central enterprises taking action to stabilize the market [3][32] - The domestic chip market is benefiting from the increased prices of imported chips, highlighting the competitive advantage of domestic alternatives [3][31] 4. Investment Recommendations - Beneficial targets include core domestic innovation companies such as China Software, China Great Wall, and Dongfang Tong, as well as domestic computing and chip firms like Tuwei Information and Haiguang Information [4][39]

Core Insights - The recent GTC conference highlighted the update of the AIDC power architecture, marking a significant development in NVIDIA's supply chain [1][2] - Key focus areas include the independence of power units, increased usage of power shelves, and the importance of components like BBU, supercapacitors, and PDU [1][2][3] - The new power architecture is expected to enhance the value and importance of server power suppliers, with Megmeet positioned to benefit as a pioneer in the Power rack solution [1][3] Power Unit Independence - The GTC conference confirmed that Power rack will become the new generation power technology solution, addressing the increasing power demands of GPUs [1][2] - The new architecture involves moving Power shelf, BBU shelf, and supercapacitor shelf out of the IT rack to form an independent Power rack [2][3] Increased Usage of Power Shelves - Concerns about the sidecar solution reducing the usage of Power shelves were alleviated, as the new architecture actually increases their usage due to an additional power circuit [4][5] - The architecture allows for a three-tier voltage conversion process, enhancing the overall power supply reliability [4][5] Market Potential and Value - The Power rack is projected to have a total value of approximately $216,365, with significant contributions from various modules [6][7] - The introduction of the Power rack is expected to create new revenue streams for Megmeet, transitioning its role from a simple AC/DC supplier to an integrated power solution provider [3][6] Implementation Timeline - Short-term plans involve using AC PSU solutions for GB200 and GB300, while mid-term upgrades will adopt the 800V HVDC sidecar power architecture [8] - The market anticipates that by 2025, Megmeet and other suppliers will begin to see new business opportunities from BBU and supercapacitor products, with significant growth expected in 2026 [8][9] Competitive Advantage - Megmeet is currently the only supplier to have released a sidecar integrated solution, positioning it to capture a significant market share in the Power rack segment [9] - The anticipated growth in AI computing power in China is expected to further boost Megmeet's domestic business, laying a foundation for future market expansion [9]

证券代码：002851 证券简称：麦格米特 公告编号：2025-019 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、使用 2019 年公开发行可转换公司债券部分闲置募集资金进行现金管理 情况 深圳麦格米特电气股份有限公司（以下简称"公司"）于 2024 年 4 月 29 日 分别召开了第五届董事会第九次会议、第五届监事会第八次会议，并于 2024 年 5 月 21 日召开了 2023 年年度股东大会，会议审议通过了《关于使用暂时闲置的 募集资金进行现金管理的议案》，为提高募集资金使用效率，降低公司财务成本， 促进公司经营业务发展，在遵循股东利益最大化的原则并保证募集资金投资项目 建设资金需求的前提下，同意公司使用额度不超过 1 亿元 2019 年可转换公司债 券暂时闲置募集资金进行现金管理，期限不超过 12 个月且上述资金额度在 2023 年年度股东大会决议有效期内可滚动使用。具体内容详见公司 2024 年 4 月 30 日 公布在巨潮资讯网（www.cninfo.com.cn）上的《关于使用暂时闲置的募集资金进 行现金管理的公告》（公告编号：2024 ...

证券代码：002851 证券简称：麦格米特 公告编号：2025-018 深圳麦格米特电气股份有限公司 关于为子公司提供担保的进展公告 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。 特别提示： 1、被担保人：深圳市麦格米特控制技术有限公司、深圳麦米电气供应链管 理有限公司； 2、截至本公告日，公司对资产负债率超过 70%的子公司提供担保的余额为 2.6 亿元，占公司最近一期经审计净资产的 5.89%，提请投资者关注担保风险； 3、公司全部担保事项仅为对合并报表范围内子公司提供的担保，公司及下 属子公司无对合并报表外单位提供担保的事项。 一、担保进展情况 深圳麦格米特电气股份有限公司（以下简称"公司"）于 2024 年 4 月 29 日 召开第五届董事会第九次会议及第五届监事会第八次会议、于 2024 年 5 月 21 日 召开了 2023 年年度股东大会，审议通过了《关于公司 2024 年度为全资及控股子 公司提供担保额度预计的议案》，根据公司全资及控股子公司的生产经营资金需 求，于 2023 年年度股东大会通过之日起，至 2024 年年度股东大会召开之日期 ...

Group 1: 麦格米特 (Magnum Technologies) - The company shows advantages in global market expansion and sales, with overseas markets becoming a new growth point [1] - Business covers six major categories including smart home appliance controls, power supplies, new energy, and rail transit components, with a focus on network power and new energy vehicle components [1] - Plans to increase production capacity by 10 billion through private placement projects, focusing on investments in Changsha, Thailand, and Zhuzhou to enhance global supply chain layout [1] - The company is expanding its overseas sales team and implementing localization strategies to ensure continuous improvement during global development [1] - Long-term accumulation in thermal management has led to competitive solutions in liquid cooling and air cooling modules, particularly in new energy vehicle thermal management [1] Group 2: 盈康生命 (Yingkang Life) - The company is actively transforming from a traditional medical group to a technology company providing health management, utilizing AI to reshape the entire medical service chain [2] - Plans to enhance medical service quality and efficiency through optimization of disease structure and the implementation of the DRG system, which is expected to improve CMI values and operational efficiency [2] - Financial stability is supported by diversified financing channels, aiding business development and strategic investment needs [2] - The medical device sector benefits from policy incentives, demand upgrades, and technological barriers, with overseas market revenue expected to grow by 22% year-on-year in 2024 [2] Group 3: 机构简介 (Institution Overview) - Shanghai Yinye Investment Co., Ltd. was established in February 2009 with a registered capital of 118 million, functioning as a comprehensive asset management institution [3] - The company has developed a diversified investment system covering fixed income, macro hedging, equity investment, quantitative and derivative strategies [3] - Yinye aims to become a top fund manager, adhering to principles of professionalism, integrity, responsibility, and innovation, providing multi-strategy asset allocation solutions for institutional investors and high-net-worth clients [3]

Fundraising Plan - The company plans to raise a total of up to 2,663.01 million yuan through a private placement of shares, with all funds intended for specific projects after deducting issuance costs [2][3] - The total investment for the projects is estimated at 2,800.58 million yuan, with the majority allocated to the expansion of the global R&D center and the construction of an intelligent power and electrical control R&D testing center [2][4] Project Details - The global R&D center expansion project will add approximately 21 acres of R&D land and enhance the existing testing and experimental facilities in Changsha [4] - The project aims to improve the company's R&D testing capacity and support innovation in network power, light storage, and charging products [4][5] R&D Investment Strategy - The company emphasizes the importance of R&D investment, maintaining a ratio of R&D expenses to revenue above 11% in recent years, to enhance its technological capabilities in the power electronics sector [5][6] - The project will focus on key technologies such as wide bandgap semiconductor devices and AI-integrated intelligent control systems, aiming to develop high-density network power systems and high-power charging modules [5][6] Market Opportunities - The power products segment is expected to grow significantly due to the rise of AI technologies, electric vehicles, and portable/home energy storage solutions [5][6] - The global market for communication power systems is projected to reach 8.39 billion USD by 2030, with a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030 [18][19] Production Capacity Expansion - The company plans to expand its production capacity through the construction of a second phase of the Changsha Intelligent Industry Center, which will include new production lines for power products and medical health equipment [12][13] - The total investment for this project is estimated at 828.48 million yuan, with a projected internal rate of return of 17.08% [13] Global Expansion Strategy - The company is establishing a second production base in Thailand to enhance its overseas supply capabilities, with a total investment of 835.63 million yuan [26][28] - This project aims to meet the growing demand from international markets, particularly in AI server power and renewable energy sectors [29][30] Customer Base and Market Position - The company has established a strong market position in the power products sector, ranking seventh globally in sales volume [21][22] - It has built a diverse customer base, including major clients like Ericsson, Cisco, and Philips, which supports the implementation of its projects [22][23]

Core Viewpoint - Shenzhen Magmeter Electric Co., Ltd. is issuing A-shares to specific investors, which may dilute immediate returns, but the company has committed to measures to compensate for this dilution and protect the interests of minority investors [1][5][13]. Financial Impact Analysis - The issuance price is set at 47.50 yuan per share, with the total amount raised not exceeding 2,663.01 million yuan [2][5]. - The company's net profit for 2024 is projected to be 411.147 million yuan, with a net profit of 362.7906 million yuan after excluding non-recurring gains and losses [2][3]. - Under three hypothetical scenarios, the basic and diluted earnings per share (EPS) are projected to decrease post-issuance, with the most significant decline occurring if the net profit remains flat compared to 2024 [3][4]. Necessity and Reasonableness of the Issuance - The funds raised will be used for projects including the expansion of the global R&D center and the construction of various production bases, which align with the company's strategic direction and market trends [5][7]. - The company has a strong market position in the power supply sector, ranking seventh globally in sales volume according to Micro-Tech Consultants [11]. Project Relationship and Resource Reserve - The fundraising projects are closely related to the company's core business in power electronics and control technologies, enhancing its market competitiveness [7][9]. - The company has a well-established management team and a significant number of R&D engineers, with over 2,500 personnel dedicated to innovation and development [8][9]. Measures to Mitigate Dilution of Immediate Returns - The company plans to enhance operational efficiency, increase investment in core businesses, and ensure effective use of raised funds to mitigate the risk of diluted immediate returns [12][13]. - The company has committed to maintaining a consistent dividend distribution policy to ensure timely shareholder returns [12][13]. Commitments from Key Stakeholders - The controlling shareholder and senior management have made commitments to uphold the measures designed to compensate for the dilution of immediate returns, ensuring accountability and transparency [13][14].