通过天眼查大数据分析，宁波兴瑞电子科技股份有限公司共对外投资了14家企业，参与招投标项目18 次，知识产权方面有商标信息3条，专利信息156条，此外企业还拥有行政许可10个。 来源：金融界 兴瑞科技最新一期业绩显示，截至2025一季报，公司营业总收入4.20亿元、同比减少15.89%，归属净利 润4017.52万元，同比减少44.65%，扣非净利润3849.47万元，同比减少46.09%，流动比率3.396、速动比 率3.039、资产负债率34.15%。 天眼查商业履历信息显示，宁波兴瑞电子科技股份有限公司，成立于2001年，位于宁波市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本29776.36万人民币，实缴资本 29752.65万人民币。公司法定代表人为张忠良。 金融界消息 截至2025年7月29日收盘，兴瑞科技（002937）报收于17.13元，下跌0.17%，换手率 1.61%，成交量4.78万手，成交金额8143.87万元。 资金流向方面，今日主力资金净流出1591.82万元，占比成交额19.55%。其中，超大单净流出293.90万 元、占成交额3.61%，大单净流出129 ...

Group 1 - The board of directors of Ningbo Xingrui Electronic Technology Co., Ltd. held its 33rd meeting on July 21, 2025, with all 11 directors present, confirming compliance with legal and regulatory requirements [1][2] - The board decided not to adjust the conversion price of the "Xingrui Convertible Bonds" despite triggering the downward adjustment clause, and will consider future adjustments in subsequent meetings [1][2] Group 2 - The voting results showed 9 votes in favor, 0 against, and 0 abstentions, with 2 directors avoiding the vote due to conflicts of interest [2]

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering conditions for a downward adjustment due to stock price performance [1][4]. Group 1: Convertible Bond Issuance - The company issued 4.62 million convertible bonds at a face value of 100 RMB each, raising a total of 462 million RMB, with a net amount of 454.907 million RMB after deducting issuance costs [1]. - The bonds have a maturity period of 6 years, from July 24, 2023, to July 23, 2029, and were listed on August 15, 2023 [1]. Group 2: Conversion Price Adjustment - The conversion price has been adjusted multiple times, currently set at 25.60 RMB per share, with previous adjustments occurring on January 2, 2024 (from 26.30 to 26.20 RMB), June 6, 2024 (from 26.20 to 25.90 RMB), and May 29, 2025 (from 25.90 to 25.60 RMB) [2]. - The downward adjustment clause allows the company to propose a conversion price adjustment if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [2][3]. Group 3: Decision on Price Adjustment - The board of directors decided not to adjust the conversion price after considering the company's fundamentals, stock price trends, and market conditions, aiming to protect the interests of all investors [4]. - The next period for potential price adjustment will start from October 23, 2025, should the conditions be met again [4].

| 证券代码：002937 | 证券简称：兴瑞科技 公告编号：2025-066 | | --- | --- | | 债券代码：127090 | 债券简称：兴瑞转债 | 宁波兴瑞电子科技股份有限公司 关于不向下修正"兴瑞转债"转股价格的公告 1、自 2025 年 7 月 1 日至 2025 年 7 月 21 日，宁波兴瑞电子科技股份有限 公司（以下简称"公司"）股票在连续三十个交易日中已有十五个交易日的收盘 价低于当期转股价格的 85%，触发《宁波兴瑞电子科技股份有限公司向不特定对 象发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）规定的转 股价格向下修正条款。 2、经公司第四届董事会第三十三次会议审议通过，公司董事会决定本次不 向下修正"兴瑞转债"转股价格，同时在 2025 年 7 月 22 日至 2025 年 10 月 22 日期间，若再次触发"兴瑞转债"转股价格向下修正条款，亦不提出向下修正方 案。下一触发转股价格修正条款的期间从 2025 年 10 月 23 日重新起算，若再次 触发"兴瑞转债"转股价格向下修正条款，届时公司董事会将再次召开会议决定 是否行使"兴瑞转债"转股价格的向下修正权利 ...

| 证券代码：002937 | 证券简称：兴瑞科技 | 公告编号：2025-065 | | --- | --- | --- | | 债券代码：127090 | 债券简称：兴瑞转债 | | 宁波兴瑞电子科技股份有限公司 第四届董事会第三十三次会议决议公告 截至 2025 年 7 月 21 日，公司股票已触发"兴瑞转债"转股价格的向下修正 条款。经审议公司董事会决定本次不向下修正"兴瑞转债"转股价格，同时在 2025 年 7 月 22 日至 2025 年 10 月 22 日期间，若再次触发"兴瑞转债"转股价 格向下修正条款，亦不提出向下修正方案。下一触发转股价格修正条款的期间从 2025 年 10 月 23 日重新起算，若再次触发"兴瑞转债"转股价格向下修正条款， 届时公司董事会将再次召开会议决定是否行使"兴瑞转债"转股价格的向下修正 权利。 表决结果：同意 9 票，反对 0 票，弃权 0 票，回避 2 票。 关联董事张忠良先生、张瑞琪女士对本议案回避表决。 具体内容详见公司与本公告同日刊登在《证券时报》《上海证券报》和巨潮 资讯网（www.cninfo.com.cn）上的《关于不向下修正"兴瑞转债"转股价格的公 ...

Market Overview - On July 17, the Shanghai Composite Index rose by 0.37%, with the total margin trading balance reaching 1,904.402 billion yuan, an increase of 7.226 billion yuan from the previous trading day [1] - The margin trading balance in the Shanghai market was 962.104 billion yuan, up by 2.866 billion yuan; in the Shenzhen market, it was 936.334 billion yuan, increasing by 4.315 billion yuan; and in the Beijing Stock Exchange, it was 5.964 billion yuan, up by 0.045 billion yuan [1] Industry Analysis - Among the 21 industries with increased financing balances, the computer industry saw the largest increase of 1.717 billion yuan, followed by the power equipment and communication industries, which increased by 984 million yuan and 740 million yuan, respectively [1] - A total of 1,967 stocks experienced an increase in financing balance, accounting for 53.02% of the total, with 317 stocks showing an increase of over 5% [1] Notable Stocks - Weichai Power (000880) had the largest increase in financing balance, reaching 168.70% with a latest balance of 16.75166 million yuan, and its stock price rose by 4.59% [3] - Other notable stocks with significant increases in financing balance include Sichuan Chengyu (601107) with an increase of 88.10% and Jikang Technology (830879) with an increase of 76.00% [3] Performance of Top Gainers - The top 20 stocks with the highest increase in financing balance averaged a rise of 1.64%, with the highest performers being Huiwei Intelligent (14.84%), Shanghai Wumart (9.98%), and Jibeier (5.45%) [2] Declining Stocks - Conversely, 1,742 stocks saw a decrease in financing balance, with 208 stocks declining by over 5%. The largest decline was seen in Xingrui Technology (002937), which dropped by 25.01% [4][5] - Other notable decliners include Tereis (834014) with a decrease of 24.55% and Yeguangming (873527) with a decrease of 23.87% [5]

Group 1 - The company will pay the second-year interest on the convertible bonds "Xingrui Convertible Bonds" on July 24, 2025, at a rate of 4.00 CNY per 10 bonds (including tax) [1][5] - The total issuance amount of the convertible bonds is 462 million CNY (46,200 million CNY) with a total of 4.62 million bonds issued [2][5] - The interest rates for the convertible bonds are structured as follows: 0.2% for the first year, 0.4% for the second year, 0.8% for the third year, 1.5% for the fourth year, 2.0% for the fifth year, and 2.5% for the sixth year [2][3] Group 2 - The interest payment will be made annually, with the first interest payment starting from the issuance date on July 24, 2023 [3][6] - The bondholders must hold the bonds until the record date of July 23, 2025, to receive the interest payment [1][6] - The company has appointed China Securities Depository and Clearing Corporation Limited Shenzhen Branch as the registration agency for the bonds [4][5] Group 3 - The company has received a credit rating of AA- for the issuer and AA for the bonds from Dongfang Jincheng International Credit Rating Co., Ltd [5] - The actual interest received by individual investors will be 3.20 CNY per 10 bonds after a 20% withholding tax [5][7] - For qualified foreign institutional investors (QFII and RQFII), the interest is exempt from corporate income tax and value-added tax, resulting in a full payment of 4.00 CNY per 10 bonds [5][7]

| 证券代码：002937 | 证券简称：兴瑞科技 公告编号：2025-064 | | --- | --- | | 债券代码：127090 | 债券简称：兴瑞转债 | 2、债权登记日：2025 年 7 月 23 日； 3、除息日：2025 年 7 月 24 日； 4、付息日：2025 年 7 月 24 日； 5、"兴瑞转债"票面利率：第一年 0.2%、第二年 0.4%、第三年 0.8%、第 四年 1.5%、第五年 2.0%、第六年 2.5%； 6、"兴瑞转债"本次付息的债权登记日为 2025 年 7 月 23 日，凡在 2025 年 7 月 23 日（含）前买入并持有本期债券的投资者享有本次派发的利息；2025 年 7 月 23 日卖出本期债券的投资者不享有本次派发的利息； 宁波兴瑞电子科技股份有限公司 特别提示： 关于可转换公司债券 2025 年付息公告 1、"兴瑞转债"将于 2025 年 7 月 24 日按面值支付第二年利息，每 10 张"兴 瑞转债"（面值 1,000 元）利息为 4.00 元（含税）； 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚 假记载、误导性陈述或者重大遗漏。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [3][18]. Core Viewpoints - The company has signed a strategic cooperation framework agreement with Shenzhen Green Cloud Technology Co., Ltd. to develop liquid cooling server products and technology [1]. - The collaboration leverages the technical strengths of both companies, enhancing capabilities in precision manufacturing and thermal management systems, which are crucial for the development of liquid cooling solutions [2]. - The liquid cooling market is projected to grow significantly, with the global data center liquid cooling market expected to increase from $5.38 billion in 2024 to $17.77 billion by 2030, reflecting a CAGR of 21.6% from 2025 to 2030 [7]. Financial Summary - The company's revenue is projected to decline to 1,902 million yuan in 2024, a decrease of 5.2% year-on-year, before recovering to 2,187 million yuan in 2025, with a growth rate of 15% [1][2]. - The net profit attributable to the parent company is expected to decrease to 229 million yuan in 2024, down 14.4% year-on-year, but is forecasted to rise to 245 million yuan in 2025 [1][2]. - Key financial metrics include a projected EPS of 0.82 yuan in 2025, with a P/E ratio of 20.4 times [1][8].

| 证券代码：002937 | 证券简称：兴瑞科技 | 公告编号：2025-063 | 债 | | --- | --- | --- | --- | | 券代码：127090 | 债券简称：兴瑞转债 | | | 宁波兴瑞电子科技股份有限公司 关于"兴瑞转债"预计触发转股价格修正条件的提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假 记载、误导性陈述或者重大遗漏。 特别提示： 4、转股起止时间：2024 年 1 月 29 日至 2029 年 7 月 23 日 5、本次触发转股价格修正条件的期间从 2025 年 7 月 1 日起算，截至 2025 年 7 月 11 日，宁波兴瑞电子科技股份有限公司（以下简称"公司"）股票在连 续三十个交易日中已有九个交易日的收盘价低于当期转股价格的 85%，预计后 续可能触发转股价格向下修正条件。若触发转股价格修正条件，公司将按照深圳 证券交易所（以下简称"深交所"）相关规定及《宁波兴瑞电子科技股份有限公 司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 的约定及时履行后续审议程序和信息披露义务。敬请广大投资者注意投资风险。 ...