Group 1 - The A-share market saw a collective rebound on February 3, with the only electric grid equipment ETF (159326) rising by 3.38% and achieving a trading volume of 1.514 billion yuan, driven by news catalysts [1] - The global AI computing power construction is entering an explosive phase, with high-power and stable power supply becoming essential for computing clusters, leading to an upgrade of power transformers as core infrastructure [1] - In regions like Guangdong and Jiangsu, many transformer factories are operating at full capacity, with some orders for data center-related businesses scheduled as far out as 2027 [1] Group 2 - The electric grid equipment ETF (159326) tracks the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, and distribution equipment [2] - The smart grid sector holds a significant weight of 88% in the index, while ultra-high voltage equipment accounts for 65%, both being the highest in the market [2] - Leading companies in the export market include TBEA, China XD Electric, and others, indicating a strong presence in the international market [2]

格隆汇2月3日丨伊戈尔(002922.SZ)涨8.48%，报43.250元，股价创历史新高，总市值183.04亿元。 ...

作为全球化电力设备及解决方案供应商，伊戈尔聚焦新能源、数据中心、配电、工业控制及照明等领域，主打变压设备，可针对不同应用场景提供定制化集 成解决方案。 招股书显示，2023年、2024年及2025年前9个月，伊戈尔分别实现营收36.16亿元、46.03亿元、37.69亿元；对应期内溢利为2.17亿元、3亿元、1.88亿元。其 中2025年前9个月营收较上年同期增长16.9%，期内溢利较上年同期下滑13.76%。 从收入构成来看，2025年前9个月伊戈尔新能源产品收入达22亿元，占总营收的58.6%，为第一大收入来源；照明产品收入6.61亿元，占比17.5%；配电、工 业控制、数据中心产品及其他产品收入占比分别为8.3%、4.3%、2.6%和8.7%。 伊戈尔电气股份有限公司日前向港交所递交招股书，拟在港交所主板上市。该公司2017年已登陆深交所，股票代码002922，若此次上市成功，将形 成"A+H"股上市格局。 按2024年收入计，伊戈尔在全球中压变压设备行业的前五大中国供应商中排名第二，市场份额达2.2%；在新能源变压设备行业，该公司以约26亿元的营业 收入占据全球约3.7%的市场份额，在中国供应商中同样 ...

Key Points - Major international companies are reportedly planning to lay off 30,000 employees due to funding difficulties in AI data center expansions, with Oracle considering selling parts of its business [4][5] - Wenta Technology expects a significant loss of 90 to 135 billion yuan in 2025, primarily due to issues with its core asset, Nexperia Semiconductor, which is under temporary control restrictions [8][9] - Tencent has appointed AI expert Pang Tianyu as the Chief Research Scientist for its AI division, focusing on multimodal reinforcement learning [12][13] - Cambricon has achieved its first annual profit in ten years, with a projected revenue increase of 410.87% to 496.02% in 2025 [16][17] - GAC Group anticipates a loss of 80 to 90 billion yuan in 2025, with a 14% decline in vehicle sales [20][21] - ByteDance's Hongguo short drama app has surpassed 100 million daily active users within three years of its launch [20] - Apple has announced unprecedented innovations for this year, following a record quarterly revenue of $143.76 billion [40][41] - OpenAI is reportedly preparing for an IPO in Q4 2023, aiming for a valuation of approximately $500 billion [56][57] - Waymo plans to raise about $16 billion in a new funding round, which would value the company at nearly $110 billion [44][45] - The global memory chip market is facing supply challenges, with major manufacturers tightening order approvals to prevent excessive stockpiling by clients [52][53]

Group 1 - The company, Igor Electric Co., Ltd., submitted an application for the initial public offering (IPO) of H-shares on the Hong Kong Stock Exchange on January 29, 2026 [1][2] - The application materials are prepared in accordance with the requirements of the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange, and are subject to updates and revisions [1][2] - If the IPO is implemented, the issuance will be limited to qualified overseas investors and domestic qualified investors who are authorized to conduct overseas securities investments under Chinese laws [1][2] Group 2 - The company will not publish the application materials on domestic stock exchange websites or in media that meet regulatory conditions, but provides a link for domestic investors to access the information [1] - The IPO is subject to approval from relevant government agencies, regulatory bodies, and stock exchanges, indicating uncertainty regarding the matter [2] - The company will fulfill its information disclosure obligations in accordance with the progress of the matter [2]

Core Viewpoint - The company has submitted an application for an initial public offering (IPO) of H-shares and listing on the Hong Kong Stock Exchange on January 29, 2026 [1] Group 1 - The application materials have been published on the Hong Kong Stock Exchange website [1] - The materials are prepared in accordance with the requirements of the Securities and Futures Commission of Hong Kong and the Hong Kong Stock Exchange [1] - The information contained in the application is subject to updates and revisions [1]

证券代码：002922 证券简称：伊戈尔 公告编号：2026-005 伊戈尔电气股份有限公司 关于向香港联交所递交 H 股发行上市申请 并刊发申请资料的公告 需要特别予以说明的是，本公告仅为境内投资者及时了解本次发行的相关信 息而作出。本公告以及本公司刊登于香港联交所网站的申请资料均不构成也不得 视作对任何个人或实体收购、购买或认购公司本次发行的 H 股的要约或要约邀 请。 公司本次发行尚需取得中国证券监督管理委员会、香港证监会和香港联交所 等相关政府机关、监管机构、证券交易所的批准、核准或备案，该事项仍存在不 确定性。公司将根据该事项的进展情况依法及时履行信息披露义务，敬请广大投 资者注意投资风险。 特此公告。 本次发行如果最终实施，发行对象将仅限于符合相关条件的境外投资者及依 据中国相关法律法规有权进行境外证券投资的境内合格投资者，公司将不会在境 内证券交易所的网站和符合监管机构规定条件的媒体上刊登该申请资料，但为使 境内投资者及时了解该等申请资料披露的本次发行以及公司的其他相关信息，现 提供该申请资料在香港联交所网站的查询链接： 中文： https://www1.hkexnews.hk/app/sehk ...

Company Overview - Igor Electric Co., Ltd. is a global supplier of power equipment and solutions, focusing on renewable energy, data centers, distribution, industrial control, and lighting [3] - The company ranks second among Chinese suppliers in the global medium-voltage transformer market with a market share of 2.2% [3][4] Market Position - In the renewable energy transformer sector, Igor achieved approximately RMB 2.6 billion in revenue in 2024, capturing about 3.7% of the global market [4] - In the data center transformer market, Igor's revenue was approximately RMB 149.3 million in 2024, holding a market share of 2.3% [4] - In the lighting power supply sector, Igor generated around RMB 842.7 million in revenue in 2024, with a global market share of 1.2% [5] Global Presence - Igor has established a comprehensive localization strategy with nine production bases worldwide, including facilities in the USA, Mexico, Malaysia, and Thailand, as well as several locations in mainland China [5] - The company has developed a fully controlled sales network in key overseas markets, including North America, Europe, and Southeast Asia [5] Financial Performance - For the fiscal year ending December 31, 2023, Igor reported revenues of approximately RMB 3.616 billion, with a net profit of about RMB 216.8 million [7][9] - In the nine months ending September 30, 2024, the company achieved revenues of approximately RMB 3.224 billion and a net profit of around RMB 218 million [8][9] - The gross profit margin for the fiscal year 2023 was 21.7%, which is projected to decrease to 17.8% by the nine months ending September 30, 2025 [11] Industry Overview - The global transformer market is expected to grow from RMB 306.3 billion in 2020 to RMB 420 billion by 2024, with a compound annual growth rate (CAGR) of 8.2% [12] - The medium-voltage transformer market is projected to expand significantly, driven by renewable energy integration and data center demands, with an expected market size of RMB 2.493 billion by 2030 [13]

Company Overview - Igor Electric Co., Ltd. is a global supplier of power equipment and solutions, focusing on multiple application areas including new energy, data centers, power distribution, industrial control, and lighting [3] - The company ranks second among Chinese suppliers in the global medium voltage transformer market with a market share of 2.2% as of 2024 [3] - Igor has established a presence in over 60 countries and regions, providing customized integrated solutions to empower global customers [3] Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenues of approximately RMB 3.616 billion, with a projected increase to RMB 4.602 billion in 2024 [7] - The net profit for the fiscal year 2023 was approximately RMB 216.843 million, expected to rise to RMB 300.162 million in 2024 [8] - The gross profit margin for 2023 was 21.7%, projected to decrease to 20.1% in 2024 and further to 17.8% for the nine months ending September 30, 2025 [10] Market Position - In the new energy transformer sector, Igor is expected to achieve approximately RMB 2.6 billion in revenue in 2024, capturing about 3.7% of the global market [4] - The company ranks third among Chinese suppliers in the data center transformer market with a revenue of approximately RMB 149.3 million, representing a 2.3% market share [3] - Igor's revenue in the lighting power supply sector is projected to be around RMB 842.7 million in 2024, holding a 1.2% share of the global market [4] Industry Overview - The global transformer market is projected to grow from RMB 306.3 billion in 2020 to RMB 420 billion by 2024, with a compound annual growth rate (CAGR) of 8.2% [11] - The medium voltage transformer market is expected to expand significantly, driven by renewable energy integration and data center demands, with a projected market size of RMB 2.493 billion by 2030 [12]

Company Overview - Igor Electric Co., Ltd. is a global supplier of power equipment and solutions, focusing on multiple application areas including new energy, data centers, power distribution, industrial control, and lighting [3] - The company ranks second among Chinese suppliers in the global medium voltage transformer market with a market share of 2.2% as of 2024 [3] - Igor has established a presence in over 60 countries and regions, providing customized integrated solutions to empower global customers [3] Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenues of approximately RMB 3.616 billion, with a projected increase to RMB 4.602 billion in 2024 [7] - The net profit for the fiscal year 2023 was approximately RMB 216.843 million, expected to rise to RMB 300.162 million in 2024 [8] - The gross profit margin for 2023 was 21.7%, which is projected to decrease to 20.1% in 2024 and further to 17.8% for the nine months ending September 30, 2025 [10] Market Position - In the new energy transformer sector, Igor is expected to achieve approximately RMB 2.6 billion in revenue in 2024, capturing about 3.7% of the global market [4] - In the data center transformer market, Igor is projected to generate around RMB 149.3 million in revenue in 2024, holding a market share of 2.3% [3] - The global transformer market is anticipated to grow from RMB 306.3 billion in 2020 to RMB 420 billion by 2024, with a compound annual growth rate (CAGR) of 8.2% [11] Production and Sales Network - Igor has a comprehensive localization strategy with nine production bases globally, including facilities in the USA, Mexico, Malaysia, and Thailand [4] - The company has established a fully controlled sales network in key overseas markets, including North America, Europe, and Southeast Asia, with localized sales teams and after-sales service systems [4] Industry Outlook - The global medium voltage transformer market is expected to grow at a CAGR of approximately 9.3% from 2024 to 2030, driven by the demand for renewable energy and data centers [12] - The market size for medium voltage transformers is projected to reach RMB 2.493 billion by 2030 [12]