国金证券股份有限公司 关于深圳麦格米特电气股份有限公司 2025 年度向特定对象发行股票 之 发行保荐书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 2025 年 9 月 深圳麦格米特电气股份有限公司 2025 年度向特定对象发行股票之发行保荐书 声明 本保荐机构及保荐代表人根据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司证券发行注册管理办法》《证券发行上市保荐业务管理办法》等有关 法律、行政法规和中国证券监督管理委员会的规定，诚实守信，勤勉尽责，严格按 照依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并保证所出 具文件的真实性、准确性和完整性。 3-1-1 | 声明 | 1 | | --- | --- | | 目 录 | 2 | | 释义 | 3 | | 第一节本次证券发行基本情况 | 4 | | 第二节保荐机构承诺事项 | 9 | | 第三节对本次证券发行的推荐意见 | 10 | | 五、发行人的发展前景 | 26 | 深圳麦格米特电气股份有限公司 2025 年度向特定对象发行股票之发行保荐书 释义 本发行保荐书中，除非文义另有所指，下列简称和术语具有如下含义： ...

| 二十、结论意见 27 | | --- | 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 年度向特定对象发行股票的 补充法律意见书（二） 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·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 年度向特定对象发行股票的 补充法律意见书（二） 嘉源（2025）-01-450 敬启者： 根据发行人与本所签订的《专项法律顾问协议》，本所担任发行人本次发 行的专项法律顾问，并获授权为本次发行出具律师工作报告及法律意见书。 本所已于 2025 年 7 月 3 日就发行人本次发行出具了嘉源（2025）-01-312 号《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 年度向特 定对象发行股票的律师工作报告》、嘉源（2025）-01-313 号《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 年度向特定对象发行股票的 法律意见书》 ...

国金证券股份有限公司 关于 深圳麦格米特电气股份有限公司 2025 年度向特定对象发行股票 深圳麦格米特电气股份有限公司 2025 年度向特定对象发行股票之上市保荐书 之 上市保荐书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 二〇二五年九月 声明 | 声明 ……………………………………………………………………………………………………………………………………………………………………………………………… 1 | | --- | | 日求 | | 释 义………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 4 | | 第一节 发行人基本情况… | | 一、发行人基本信息 | | 二、主营业务 . | | 三、主要经营和财务数据及财务指标 . | | 四、发行人存在的主要风险 | | 第二节 本次发行的基本情况 | | 一、发行股票的种类和面值 . | | 二、发行方式及发行时间 . | | 三、 ...

深圳麦格米特电气股份有限公司 2024 年度审计报告 中国杭州市钱江新城新业路 8号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road, Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 此码用于证明该审计报告是否由具有执业许可的会计师事务所出具 "注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 您可使用手机"扫一扫"或进入 报告编码:浙25LLJY4RB6 6-1-1 三、财务报表附注 18-156 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road, Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 ww ...

Market Performance - The other power equipment sector increased by 0.67% compared to the previous trading day, with Magpowr leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Magpowr (002851) closed at 75.71, up 5.65% with a trading volume of 432,000 shares [1] - Youyou Green Energy (301590) closed at 212.66, up 5.27% with a trading volume of 22,300 shares [1] - ST Yishite (300376) closed at 5.32, up 4.93% with a trading volume of 419,700 shares [1] - ST Huaxi (002630) closed at 3.44, up 4.88% with a trading volume of 702,700 shares [1] - Other notable stocks include Oulu Tong (300870) at 210.08, up 3.23%, and Kete Power (300153) at 36.55, up 2.09% [1] Capital Flow Analysis - The other power equipment sector saw a net inflow of 499 million yuan from main funds, while retail funds experienced a net outflow of 306 million yuan [2] - Main funds showed significant inflows into Magpowr (2.35 billion yuan) and Oulu Tong (2.16 billion yuan) [3] - Retail investors showed net outflows from several stocks, including Magpowr (-126 million yuan) and Oulu Tong (-168 million yuan) [3]

Group 1 - The core viewpoint of the news is that Magpower's stock price increased by 5.12% to 75.33 CNY per share, with a trading volume of 1.979 billion CNY and a turnover rate of 5.86%, resulting in a total market capitalization of 41.258 billion CNY [1] - Magpower, established on July 29, 2003, and listed on March 6, 2017, specializes in the research, production, and sales of smart home appliance control products, industrial power supplies, and industrial automation products [1] - The revenue composition of Magpower includes: smart home appliance control products (45.92%), power supply products (24.77%), new energy and rail transit components (10.87%), industrial automation (8.32%), smart equipment (5.09%), precision connections (4.37%), and others (0.66%) [1] Group 2 - According to data from the top ten holdings of funds, one fund under Huaxia Fund has a significant position in Magpower, with Huaxia Strategy Mixed Fund (002031) increasing its holdings by 53,200 shares in the second quarter, totaling 420,000 shares, accounting for 4.24% of the fund's net value [2] - The Huaxia Strategy Mixed Fund (002031) was established on October 23, 2008, with a latest scale of 497 million CNY, achieving a year-to-date return of 4.35% and a one-year return of 29.67% [2] - The fund manager of Huaxia Strategy Mixed Fund is Chen Weiyan, who has been in the position for 9 years and 299 days, with the best fund return during his tenure being 44.15% and the worst being -32.92% [3]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][25][29] Core Views - The company's revenue for the first half of 2025 was 4.67 billion yuan, a year-on-year increase of 17%, while the net profit attributable to shareholders was 170 million yuan, a decrease of 45% year-on-year [9][19] - The traditional business's gross margin is under pressure, and the company is waiting for the ramp-up of AI server power supply orders [3][4] - The AI server power supply business is expected to gradually increase in volume, with the company being one of the few domestic suppliers capable of high-power, high-efficiency server power supply technology [3][22] Summary by Sections Financial Performance - In the first half of 2025, the company achieved a gross margin of 22.1%, down 3.6 percentage points year-on-year, and a net profit margin of 4.0%, down 4.0 percentage points year-on-year [9][19] - The second quarter of 2025 saw revenue of 2.36 billion yuan, an 8% increase year-on-year, but a 62% decrease in net profit [9][19] Business Segments - The smart home appliance control segment generated revenue of 2.15 billion yuan, up 7% year-on-year, while the power supply segment generated 1.16 billion yuan, up 5% year-on-year [2][19] - The new energy and rail transit segment saw significant growth, with revenue of 510 million yuan, a 151% increase year-on-year [21][19] Future Outlook - The company has adjusted its profit forecasts for 2025 and 2026 to 480 million yuan and 780 million yuan, respectively, while maintaining a forecast of 1.02 billion yuan for 2027 [4][25] - The expected revenue for 2025 is 9.79 billion yuan, with a year-on-year growth of 19.8% [24][23]

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：我们上半年投入了五亿多研发费用，属于AI的研发费 用有多少？ 麦格米特（002851.SZ）9月9日在投资者互动平台表示，公司是电力电子平台型公司，持续十多年研发 费用率维持在11%左右，远超同行业平均水平，公司目前已有约3000人的研发人员团队，研发人员占比 超35%，以高强度研发投入打开未来发展空间，也为公司未来的长线发展带来更多机会。因电力电子产 品的研发是一个多学科交叉、多环节协同的复杂过程，需覆盖从理论设计到工程落地、从器件选型到系 统验证的全链条，无法单独量化某一应用领域，公司研发费用相关数据请以定期报告内披露内容为准。 ...

公司与谷歌自研tpu是否有合作呢？有可能与谷歌公司达成供货协定吗？ 来源：问董秘 投资者提问： 查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 董秘回答(麦格米特SZ002851)： 您好，公司是电气自动化领域硬件和软件研发、生产、销售与服务的一站式解决方案提供商，为国内外 各行业大客户提供电力电子部件与系统ODM/JDM服务，可公开的合作业务及客户信息会通过官方渠道 新闻或在定期报告中进行更新披露，敬请关注，谢谢。 ...

Group 1 - The core viewpoint of the article is that Megmeet (002851.SZ) has announced that its laser power supply products have entered the mass sales stage [1]