一、中标通知书主要内容 | 招标单位 | 中标单位 中标项目 | 中标产品 | 中标金额（含税/元） | | --- | --- | --- | --- | | 青岛四方 | 重庆永贵 成德车辆项目 | 贯通道 | 11,131,065.00 | | | 合计 | | 11,131,065.00 | 二、中标通知书对上市公司的影响 1、上述中标项目金额合计 11,131,065.00 元（含税），若公司能够签订正式 合同并顺利实施，将对公司 2026 年及未来年度的经营业绩产生积极影响，有助 于进一步提升公司在轨道交通领域的竞争优势。 | 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2026-009 | | --- | --- | --- | | 债券代码：123253 | 债券简称：永贵转债 | | 浙江永贵电器股份有限公司 关于公司控股子公司近期收到中标通知书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江永贵电器股份有限公司（以下简称"公司"）控股子公司重庆永贵交通 设备有限公司（以下简称"重庆永贵"）近日收到中车青岛四方机 ...

| 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2026-008 | | --- | --- | --- | | 债券代码：123253 | 债券简称：永贵转债 | | 浙江永贵电器股份有限公司 关于部分募集资金投资项目延期的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江永贵电器股份有限公司（以下简称"公司"）于 2026 年 3 月 17 日召开 第五届董事会第二十二次会议，审议通过了《关于部分募集资金投资项目延期的 议案》，同意在募投项目实施主体、募集资金投资用途及投资规模不发生变更的 情况下，将公司"连接器智能化及超充产业升级项目""研发中心升级项目"达 到预定可使用状态的时间进行调整。 本次部分募投项目延期不会对公司的生产经营和业务发展产生不利影响，根 据《上市公司募集资金监管规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》及《浙江永贵电器股份有限公司募集资金管理 制度》等相关规定，本事项无需提交公司股东会审议。具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意浙江永 ...

| 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2026-007 | | --- | --- | --- | | 债券代码：123253 | 债券简称：永贵转债 | | 浙江永贵电器股份有限公司 第五届董事会第二十二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江永贵电器股份有限公司（以下简称"公司"）第五届董事会第二十二次 会议于 2026 年 3 月 17 日 09 时 00 分以现场结合通讯方式召开，会议通知已于 2026 年 3 月 12 日以传真或电子邮件方式送达。本次会议应参会董事 6 名，实际 参会董事 6 名。会议由公司董事长范纪军先生主持，公司部分高级管理人员列席 会议。本次会议的召集召开符合《中华人民共和国公司法》（以下简称"《公司 法》"）和《浙江永贵电器股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，会议合法、有效。 二、董事会会议审议情况 会议以记名和书面的方式，审议了如下议案： 3、《东方证券股份有限公司关于浙江永贵电器股份有限公司部分募集资金投 资项目延期的 ...

东方证券股份有限公司 关于浙江永贵电器股份有限公司 部分募集资金投资项目延期的核查意见 东方证券股份有限公司(以下简称"东方证券"或"保荐机构")作为浙江 永贵电器股份有限公司(以下简称"永贵电器"或"公司")向不特定对象发行 可转换公司债券之保荐机构,根据《证券发行上市保荐业务管理办法》《深圳证 券交易所股票上市规则》《上市公司募集资金监管规则》《深圳证券交易所上市 公司自律监管指引第2号 -- 创业板上市公司规范运作》《深圳证券交易所上市· 公司自律监管指引第 13号 -- 保荐业务》等有关规定,对公司部分募集资金投 资项目延期事项进行了核查,具体情况如下: 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意浙江永贵电器股份有限公司向不特 定对象发行可转换公司债券注册的批复》(证监许可(2025)223号),公司于 2025年 3 月 13 日向不特定对象发行面值总额 98,000.00 万元可转换公司债券, 期限 6年,每张面值为人民币 100元,发行数量 980.00 万张,募集资金总额为 人民币 98,000.00 万元。扣除发行费用人民币 799.40 万元(不含税)后,募集资 金净额为人 ...

| 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2026-006 | | --- | --- | --- | | 债券代码：123253 | 债券简称：永贵转债 | | 浙江永贵电器股份有限公司 关于公司控股子公司近期签订货物买卖合同、 收到中标通知书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 其中，杭州中车与重庆永贵签订的物资采购合同对应的《中标通知书》已于 2025 年 3 月 21 日在中国证监会指定的创业板信息披露网站《巨潮资讯网》上公 开披露，中标通知书的招标单位为中车物流有限公司，主要原因系中车集团下属 公司需要统一在中车购平台进行招标，并统一由中车物流有限公司处理招标事宜。 1、合同生效条件：以下合同自双方签字盖章后生效； 2、对本年度经营成果的影响：以下货物买卖合同总金额为 56,302,250.02 元 （含税）、中标通知书金额合计 8,333,721.75 元（含税）。预计将会对公司 2026 年及未来年度的经营业绩产生积极影响； 3、风险提示：合同虽已正式签署并已正式生效，但在合同履行过程中，如 ...

| 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2026-005 | | --- | --- | --- | | 债券代码：123253 | 债券简称：永贵转债 | | 浙江永贵电器股份有限公司 关于可转换公司债券 2026 年付息的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、"永贵转债"（债券代码：123253）将于 2026 年 3 月 13 日按面值支付 第一年利息，每 10 张"永贵转债"（面值 1,000.00 元）利息 2.00 元（含税） 2、债权登记日：2026 年 3 月 12 日 3、除息日：2026 年 3 月 13 日 4、付息日：2026 年 3 月 13 日 5、本次付息期间及票面利率：计息期间为 2025 年 3 月 13 日至 2026 年 3 月 12 日，票面利率为 0.20% 6、本次付息的债权登记日为 2026 年 3 月 12 日，凡在 2026 年 3 月 12 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；2026 年 3 月 12 日卖出本 期债券的投资者不 ...

Summary of BYD's Second-Generation Battery Fast Charging Technology Conference Call Industry and Company Involved - **Company**: BYD (Build Your Dreams) - **Industry**: Electric Vehicle (EV) Battery Supply Chain Key Points and Arguments 1. Battery Core Components - **Cathode Materials**: - **Fengyuan Co., Ltd. (002805)**: Exclusive supplier of high-pressure lithium iron phosphate for BYD's fast-charging battery, involved in joint R&D and exclusive adaptation [1] - **Defang Nano (300769)**: Core supplier of lithium manganese iron phosphate, supporting the second-generation blade battery's high rate and energy density improvements [1] - **Hunan YN Energy (301358)**: Leading supplier of lithium iron phosphate cathodes, deeply integrated with BYD, benefiting from the ramp-up of fast-charging batteries [1] 2. Electrolytes and Separators - **Tinci Materials (002709)**: Leading supplier of high-rate electrolytes, utilizing LiFSI technology to reduce internal resistance, suitable for fast-charging needs [1] - **Enjie Co., Ltd. (002812)**: Supplier of ultra-thin wet separators (4μm), enhancing ionic conductivity and ensuring fast charging stability [1] 3. Structural Components and Equipment - **Kodali (002850)**: Core supplier of blade battery casings, meeting the structural requirements of the second-generation short blade and high-rate designs [1] - **Haimeixing (688559)**: Provides laser equipment for the second-generation blade, covering the entire process from electrode processing to welding, with BYD as its second-largest customer (approximately 15% of revenue) [1] - **Lianying Laser (688518)**: Main supplier for cell/PACK laser welding, utilizing blue laser technology for copper-aluminum welding, with a high market share [1] 4. Onboard High Voltage and Control - **Silicon Carbide Chips**: - **San'an Optoelectronics (600703)**: The only domestic company with a full silicon carbide supply chain, providing automotive-grade SiC chips for high-voltage fast charging and efficient energy conversion [1] - **Tianyue Advanced (688234)**: Holds a 25% global market share in silicon carbide substrates, entering BYD's supply chain to support SiC chip production [1] 5. High Voltage Connectors and Charging Guns - **Yonggui Electric (300351)**: Validated 1000V liquid-cooled high-voltage connectors and charging guns by BYD, with a single vehicle supply value of approximately 1200 yuan [1] 6. Onboard Power Modules - **Xinrui Technology (300745)**: Supplier of high-power charging SCM super-fast charging modules, suitable for megawatt fast-charging high-voltage platforms [1] 7. Charging Infrastructure - **Ultra Charging Piles and Power Modules**: - **XJ Electric (000400)**: Awarded the first batch of megawatt fast charging station equipment by BYD, providing 600kW liquid-cooled ultra charging piles [1] - **Shenghong Co., Ltd. (300693)**: Signed a strategic agreement with BYD for core power modules of megawatt charging stacks [1] 8. Charging Modules and Power Supplies - **Yingkerui (300713)**: Supplier of 1000V efficient power modules, achieving a conversion efficiency of 98.5%, supporting peak power output [1] Core Conclusions - **Key Certainties**: Exclusive long-term agreements for cathode materials, exclusive adaptation of laser equipment, and full-chain support for SiC chips [1] - **Leading Suppliers for Fast Charging Components**: Tinci Materials (electrolytes), Enjie Co., Ltd. (separators), Yonggui Electric (high-voltage connectors), and XJ Electric (ultra charging piles) [1]

Core Viewpoint - The railway connector industry is experiencing growth driven by national policies promoting modern railway infrastructure, with significant investments expected to enhance the market demand and scale by 2025 [1][3]. Industry Definition and Classification - Railway connectors are essential components used to link completed railway trains or vehicles, ensuring synchronized operation for smooth train movement. They are classified into passenger car connectors and locomotive connectors, with further subdivisions into electrical, communication, and control connectors for passenger cars, and circular and rectangular connectors for locomotives [2][4]. Industry Development Status - The national railway fixed asset investment is projected to reach 901.5 billion yuan by 2025, a 6% increase year-on-year. This investment will support the construction of new railway lines, with total railway operating mileage expected to reach 165,000 kilometers, including over 50,000 kilometers of high-speed rail, accounting for 30.55% of the total [3][4]. Market Demand and Scale - The demand for railway connectors in China is expected to reach approximately 2.369 million sets by 2025, reflecting a year-on-year growth of 3.99%. The market size is projected to be around 4.49 billion yuan, with a growth of 4.66% [1][4]. Industry Chain - The upstream of the railway connector industry includes raw materials like copper, aluminum, and cables. The midstream involves the manufacturing of railway connectors, while the downstream applications are primarily in the manufacturing and maintenance of rail transport vehicles [4][5]. Competitive Landscape - The railway connector market is becoming increasingly competitive, with domestic companies rapidly rising in the market, particularly in the passenger car connector segment. Major domestic players include Sichuan Huafeng Technology Co., Ltd., Zhejiang Yonggui Electric Co., Ltd., and Nanjing Kanni Electromechanical Co., Ltd. [7][8]. Key Enterprises - Yonggui Electric focuses on the research, manufacturing, and sales of electrical connectors and components, reporting a revenue of 1.027 billion yuan in the first half of 2025, with 43.14% from the rail transport and industrial sector [8]. - Kanni Electromechanical emphasizes a diversified industrial structure, with rail transport products contributing 72.94% to its revenue of 1.282 billion yuan in the first half of 2025 [8][9]. Industry Development Trends - The railway connector industry is poised for growth due to the ongoing expansion of the national railway network and the shift towards intelligent and green transportation solutions. Despite some slowdowns in urban rail construction, the demand for maintenance and upgrades of existing infrastructure presents significant opportunities for the railway connector market [9].

Core Viewpoint - Yonggui Electric experienced a slight increase in stock price by 0.49% on February 25, with a trading volume of 161 million yuan, indicating a relatively stable market performance [1]. Financing Summary - On February 25, Yonggui Electric had a financing buy-in amount of 17.66 million yuan and a financing repayment of 25.41 million yuan, resulting in a net financing buy of -7.76 million yuan [1]. - The total financing and securities lending balance for Yonggui Electric reached 335 million yuan, with the financing balance accounting for 4.62% of the circulating market value, which is below the 40th percentile level over the past year, indicating a low financing position [1]. - In terms of securities lending, there were no shares repaid on February 25, while 1,700 shares were sold, amounting to 31,700 yuan at the closing price. The securities lending balance stood at 6.71 million yuan, exceeding the 80th percentile level over the past year, indicating a high position [1]. Company Overview - Zhejiang Yonggui Electric Co., Ltd. is located in Tiantai County, Zhejiang Province, and was established on March 19, 1990. The company was listed on September 20, 2012, and specializes in the research, production, and sales of rail transit connector products [1]. - The main business revenue composition includes: 50.59% from vehicle and energy information, 43.25% from rail transit and industrial sectors, and 6.16% from special equipment and others [1]. Financial Performance - As of September 30, the number of shareholders for Yonggui Electric was 30,800, a decrease of 5.23% from the previous period, while the average circulating shares per person increased by 5.52% to 8,509 shares [2]. - For the period from January to September 2025, Yonggui Electric achieved an operating income of 1.586 billion yuan, representing a year-on-year growth of 15.68%. However, the net profit attributable to the parent company was 71.21 million yuan, reflecting a year-on-year decrease of 29.25% [2]. - Since its A-share listing, Yonggui Electric has distributed a total of 250 million yuan in dividends, with cumulative distributions over the past three years amounting to 61.95 million yuan [2]. - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 5.6257 million shares, an increase of 3.0836 million shares from the previous period [2].

Summary of Conference Call Notes Company and Industry Involved - The focus is on Yonggui Electric (永贵电器) within the context of the charging pile industry and AI server market [1][2][3] Core Points and Arguments - **UQD Connector Achievement**: The company has secured a designated point with Weidi for the UQD connector, with annual shipments to Weidi projected at 30-40 million units [2][3] - **Liquid Cooling Technology**: The liquid cooling UQD connectors have been sent for NV sampling, indicating progress in product development [2][3] - **Market Penetration**: The company’s liquid cooling connectors are already in mass production for applications in rail transit, military, and mining sectors, showcasing its high-end manufacturing capabilities [2][3] - **AI Server Market Demand**: There is a rising demand for liquid cooling solutions due to increased power consumption in AI servers, highlighting a critical market need [2][3] - **Market Size Estimation**: For overseas markets, a single AI server (with 72+36 cores) requires 108 pairs of connectors, with metal connectors priced at $100 each in Europe and the US. This translates to a server value of $10,000, leading to an estimated market space of approximately 30 billion [3] - **Future Profit Projections**: The company aims for a 20% market share in the long term, with a projected net profit margin of 15%, potentially adding 900 million in profits [3] Other Important but Possibly Overlooked Content - **High-End Manufacturing Experience**: The company leverages its experience in high-end manufacturing to quickly penetrate the AI server market, which may not be immediately apparent but is crucial for understanding its competitive advantage [2][3]