Group 1 - The company's stock price closed at 13.21 yuan on April 15, 2025, with an increase of 1.07% and a turnover rate of 3.03% [1] - The company currently has no direct exports to the United States, as confirmed by the company secretary [1] - The company is in the stage of exploring overseas markets and has not been significantly impacted by recent changes in import and export tariffs [1] Group 2 - On April 15, the net outflow of main funds was 194.9 thousand yuan, accounting for 2.22% of the total transaction amount [2][3] - Retail investors showed a net inflow of 199.18 thousand yuan, representing 2.27% of the total transaction amount [3]

Core Insights - The article highlights the journey and achievements of Taiyong Changzheng, a leading company in the electrical industry, under the leadership of Chairman Huang Zhengqian, emphasizing its commitment to innovation and market competitiveness [1][4]. Company Development - Taiyong Changzheng was founded in Shenzhen by Huang Zhengqian in 1994, capitalizing on the city's entrepreneurial spirit and growing demand for electrical equipment [2]. - The company gained prominence in 2002 by launching China's first domestically produced PC-level automatic transfer switch, marking a significant milestone in its development [3]. - In 2008, the company restructured with Guizhou Changzheng Electric Appliance, leading to the establishment of Guizhou Changzheng Switch Manufacturing Co., Ltd. [3]. - The company transitioned to a joint-stock system in 2015 and was listed on the Shenzhen Stock Exchange in 2018, paving the way for further growth [3]. Technological Innovation - Taiyong Changzheng focuses on breaking the overseas monopoly in the electrical equipment sector through technological innovation, particularly in circuit breakers and transfer switches [4][6]. - The company has developed a solid-state circuit breaker, overcoming significant technical challenges, and has positioned itself in the high-end market with a leading market share [5][6]. Strategic Vision - The company is deeply rooted in Shenzhen's innovative culture, which influences its development strategy [7]. - Taiyong Changzheng is advancing in artificial intelligence applications, exemplified by its TYT FUTURE smart power management platform, which enhances operational efficiency [7]. - Future plans include increased R&D investment in AI-driven energy management solutions, aiming to integrate electrical technology with artificial intelligence [7].

投资者关系活动记录表 贵州泰永长征技术股份有限公司 证券代码：002927 证券简称：泰永长征 编号：2025-006 | | □分析师会议 ■特定对象调研 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 活动参与人员 | （1）通讯：国海证券 李昂；金鹰基金 汪达；东方基金 何舒阳、马良 | | | 旭；上海保银私募 余泽 | | | 梁丰铄；泾溪投资 李泓桦；通讯：中信资管 （2）现场：国联民生证券 | | | 黄祚栋 | | 时间 | 年 月 日 （1）2025 3 24 10:00-11:00（通讯） | | | （2）2025 年 3 月 25 日 14:00-15:30（现场及通讯） | | 地点 | 深圳市南山区高新中一道长园新材料港 栋 楼会议室 F 4 | | 形式 | 现场；现场及通讯会议 | | 公司接待人员 | （1）副总经理、董事会秘书、财务负责人：韩海凤；董事、战略营销中 | | | 心负责人：李培林；证券事务代表：周小菡； | | | （2）副总经理、董事会秘书、 ...

证券代码：002927 证券简称：泰永长征 公告编号：2025-013 贵州泰永长征技术股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 贵州泰永长征技术股份有限公司（以下简称"公司"）股票于 2025 年 3 月 18 日、2025 年 3 月 19 日连续 2 个交易日收盘价格涨幅偏离值累计超过 20％， 根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波动情况。 5、经核查，控股股东、实际控制人在股票异常波动期间不存在买卖公司股 票的情形。 三、是否存在应披露而未披露信息的说明 公司董事会确认，公司目前没有任何根据《深圳证券交易所股票上市规则》 （以下简称"《股票上市规则》"）等有关规定应予以披露而未披露的事项或与 该事项有关的筹划、商谈、意向、协议等；董事会也未获悉公司有根据《股票上 市规则》等有关规定应予以披露而未披露的、对公司股票及其衍生品种交易价格 1 产生较大影响的信息；公司前期披露的信息不存在需要更正、补充之处。 四、风险提示 二、对重要问题的关注、核实情况说明 针对 ...

Group 1: Company Overview - The company, Guizhou Taiyong Changzheng Technology Co., Ltd., specializes in automatic transfer switch equipment (ATSE) with leading technology and high brand recognition, primarily used in sectors requiring high safety and stability, such as rail transit, data centers, hospitals, and venues [2]. Group 2: Financial Performance - As of Q3 2024, the company is experiencing revenue pressure mainly due to the cyclical impact of the real estate industry, which has led to reduced investment in construction projects [2]. Group 3: Product Features - Solid-state circuit breakers have a wide range of applications in both AC and DC scenarios, including energy storage, power grids, and marine vessels. They offer advantages over traditional circuit breakers by utilizing semiconductor power electronic devices, achieving action times in the hundreds of microseconds, and eliminating arcing during operation [2]. Group 4: Future Development - The company is actively seeking opportunities for external growth while focusing on stable development of its core business, with a particular interest in vertical expansion in smart grids, smart cities, smart transportation, industrial automation, sensors, and power electronics [2].

Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company [1]. Core Insights - The company, Taiyong Changzheng, operates in the power grid equipment sector and has seen its smart circuit breakers contribute approximately 8% to its revenue over the past three years, with sales influenced by industry construction cycles and market competition [18]. - The company's power and distribution products are utilized in various aspects of the renewable energy sector, including wind, solar, and energy storage systems [18]. - The sales volume of charging piles is primarily directed towards high-quality real estate groups, large operators, and public buildings, although this segment represents a small portion of total revenue [18]. - In the data center sector, the company's power automatic transfer switches are widely used, showcasing a leading technological level and brand recognition [18]. - As of Q3 2024, the company faces revenue pressure due to cyclical impacts from the real estate industry, leading to reduced construction investments [19]. - The decline in gross margin for power electrical products is attributed to intensified market competition and rising material costs, although the company maintains a competitive advantage in gross margin compared to peers [19]. - Following the acquisition of a 35% stake in Chongqing Yuantong, the company plans to strengthen its advantages in the power grid sector while expanding into industrial and large client markets, focusing on digital and intelligent product upgrades [20]. Summary by Sections 1. Basic Research Information - The research was conducted on February 28, 2025, focusing on Taiyong Changzheng in the power grid equipment industry, with key personnel including the board secretary and financial head [13]. 2. Detailed Research Institutions - The research involved institutions such as Haitong Securities, represented by personnel like Ma Tianyi [16]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of research institutions involved [17]. 4. Main Content Information - The report highlights the company's product applications in renewable energy, data centers, and the impact of market conditions on revenue and margins [18][19][20].

Group 1: Sales and Revenue Insights - The company's intelligent 1U circuit breakers are supplied to communication integrators and equipment manufacturers, with sales volume influenced by industry construction cycles and market competition, accounting for approximately 8% of revenue over the past three years [2] - The charging pile business primarily serves high-quality real estate groups, large operators, and public buildings, contributing a small proportion to total revenue [2] - As of Q3 2024, the company faces revenue pressure mainly due to cyclical impacts from the real estate industry, leading to reduced construction investment [3] Group 2: Product Applications and Market Position - The company's power and distribution products in the renewable energy sector are applied in four main areas: distribution systems for wind, solar, and energy storage projects; internal distribution systems for inverter manufacturers; internal systems for charging pile manufacturers; and industrial distribution systems across various industries [2] - In the data center sector, the company's automatic transfer switches are widely used, showcasing leading technology and brand recognition, covering both medium and low voltage applications [2] Group 3: Financial Performance and Strategic Planning - The decline in gross margin for power electrical products is attributed to intensified market competition and rising material costs, with similar trends observed across industry peers [3] - Following the acquisition of a 35% stake in Chongqing Yuantong, the company plans to strengthen its advantages in the power grid sector while expanding into industrial and large client markets, focusing on digital and intelligent product upgrades [3]

证券代码：002927 证券简称：泰永长征 公告编号：2025-012 贵州泰永长征技术股份有限公司 关于继续使用部分闲置自有资金进行现金管理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 4、投资额度 公司拟对最高额度不超过人民币 3 亿元的部分闲置自有资金进行现金管理。 在上述额度和期限内，资金可滚动使用。 5、资金来源 贵州泰永长征技术股份有限公司（以下简称"公司"）于 2025 年 2 月 27 日召开第四届董事会第三次会议和第四届监事会第三次会议，审议通过了《关于 继续使用部分闲置自有资金进行现金管理的议案》，为进一步提高自有资金使用 效率，公司（含控股子公司）拟在确保不影响正常经营的情况下，继续对最高额 度不超过人民币 3 亿元的部分闲置自有资金进行现金管理，用于投资安全性高、 流动性好的存款或理财产品。现将相关事宜公告如下： 一、本次使用闲置自有资金进行现金管理的基本概况 1、投资目的 为提高资金使用效率，合理利用闲置资金，在不影响公司正常经营的情况下， 公司拟利用自有闲置资金进行现金管理。 2、投资产品品种及安全性 公司拟购买安全性高、 ...

贵州泰永长征技术股份有限公司 第四届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 贵州泰永长征技术股份有限公司（以下简称"公司"）第四届监事会第三次 会议通知于 2025 年 2 月 24 日以邮件和电话等方式传达给全体监事，会议于 2025 年 2 月 27 日以现场方式在公司会议室召开。会议应到监事 3 名，实到监事 3 名。 本次会议由监事会主席蔡建胜主持，会议召开符合有关法律、法规、部门规章、 《公司章程》和《监事会议事规则》等规定，合法有效。 证券代码：002927 证券简称：泰永长征 公告编号：2025-011 表决结果：赞成 3 票，弃权 0 票，反对 0 票。 三、备查文件 1、第四届监事会第三次会议决议。 特此公告。 贵州泰永长征技术股份有限公司 监 事 会 2025 年 2 月 28 日 1 二、会议审议情况 1、审议通过了《关于继续使用部分闲置自有资金进行现金管理的议案》 监事会同意公司在不影响日常经营的情况下，使用额度不超过人民币 3 亿元 的自有资金进行现金管理，用于投资安全性高、流动性好 ...

证券代码：002927 证券简称：泰永长征 公告编号：2025-010 贵州泰永长征技术股份有限公司 第四届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 贵州泰永长征技术股份有限公司（以下简称"公司"）第四届董事会第三次 会议通知于 2025 年 2 月 24 日以邮件和电话等方式传达给全体董事，会议于 2025 年 2 月 27 日以现场及通讯方式在公司会议室召开。会议应到董事 8 名，实到董 事 8 名，其中王伟、陈众励、李东辉以通讯方式参与会议，公司部分监事及高级 管理人员列席本次会议。本次会议由公司董事长黄正乾主持，会议的召开符合有 关法律、法规、部门规章、《公司章程》和《董事会议事规则》等规定，合法有 效。 董事会同意公司使用不超过人民币 3 亿元的部分闲置自有资金进行现金管 理，有利于进一步提升公司存量资金的收益，提高资金使用效率。公司进行现金 管理的业务属于安全性高、流动性好的品种，风险相对可控，相应资金的使用不 会影响公司的日常经营运作与主营业务的发展。 该议案已经公司董事会审计委员会审议同意。具体 ...