智通财经讯·，永贵电器(300351.SZ)公告，近期杭州中车车辆有限公司(简称"杭州中车")与公司控股子公 司浙江永贵博得交通设备有限公司(简称"永贵博得")签订了一份货物买卖合同，合同金额合计1356万元 (含税);河北京车轨道交通车辆装备有限公司(简称"河北京车")与公司签订了一份货物买卖合同，合同金 额合计813.05万元(含税);以上两份合同金额合计2169.05万元(含税)。 ...

智通财经APP讯.，永贵电器（300351）(300351.SZ)公告，近期杭州中车车辆有限公司(简称"杭州中车") 与公司控股子公司浙江永贵博得交通设备有限公司(简称"永贵博得")签订了一份货物买卖合同，合同金 额合计1356万元(含税);河北京车轨道交通车辆装备有限公司(简称"河北京车")与公司签订了一份货物买 卖合同，合同金额合计813.05万元(含税);以上两份合同金额合计2169.05万元(含税)。 ...

（记者 王晓波） 相关合同交易金额合计人民币21,690,500.00元（含税），若订单顺利履行，预计将会对公司2025年及未 来年度的经营业绩产生积极影响。合同履行对公司业务独立性的影响相关合同的签订与履行不会对公司 的独立性造成影响，永贵电器主营业务不会因履行合同而对合同对方产生依赖。 每经头条（nbdtoutiao）——"为了孩子吃上饭，自己只能靠喝水撑着"！美政府停摆危机逼近"临界 点"，4200万人吃饭成问题 每经AI快讯，永贵电器11月3日晚间发布公告称，近日，杭州中车车辆有限公司与公司控股子公司浙江 永贵博得交通设备有限公司签订了一份货物买卖合同，合同金额合计13,560,000.00元（含税）；河北京 车轨道交通车辆装备有限公司与公司签订了一份货物买卖合同，合同金额合计8,130,500.00元（含 税）；以上两份合同金额合计21,690,500.00元（含税）。 ...

Core Viewpoint - The company and its subsidiaries have recently signed sales contracts totaling 21.69 million yuan (including tax), which is expected to positively impact the company's operating performance in 2025 and future years [1] Group 1: Contract Details - The contract amount with Hangzhou CRRC is 13.56 million yuan (including tax) [1] - The contract amount with Hebei Jingche is 8.13 million yuan (including tax) [1]

| 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2025-077 | | --- | --- | --- | | 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 关于公司及控股子公司近期签订货物买卖合同的公告 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、合同生效条件：以下合同自双方签字盖章后生效； 4、公司不存在最近三年披露的相关合同无进展或进展未达预期的情况。 一、合同签署情况 近日，杭州中车车辆有限公司（以下简称"杭州中车"）与浙江永贵电器股 份有限公司（以下简称"公司"或"永贵电器"）控股子公司浙江永贵博得交通 设备有限公司（以下简称"永贵博得"）签订了一份货物买卖合同，合同金额合 计 13,560,000.00 元（含税）；河北京车轨道交通车辆装备有限公司（以下简称 "河北京车"）与公司签订了一份货物买卖合同，合同金额合计 8,130,500.00 元 （含税）；以上两份合同金额合计 21,690,500.00 元（含税）。 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][3] Core Insights - The company reported a revenue of 1.586 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 15.68%. However, the net profit attributable to the parent company was 71 million yuan, a decrease of 29.25% year-on-year. The decline in profit is attributed to a decrease in gross margin in the automotive business segment [3][4] - In Q3 2025, the company achieved a revenue of 559 million yuan, up 7.55% year-on-year but down 3.70% quarter-on-quarter. The net profit attributable to the parent company was 16 million yuan, down 40.71% year-on-year and 47.80% quarter-on-quarter [3][4] - The company is actively expanding into new fields such as special equipment, engineering machinery, embodied intelligence, and data centers, which are expected to provide long-term growth opportunities [3][4] Financial Performance Summary - For 2025, the company is projected to have a revenue of 2.332 billion yuan, with a year-on-year growth of 15.4%. The net profit attributable to the parent company is expected to be 103 million yuan, reflecting a decrease of 18.2% year-on-year. The gross margin is projected to be 25.4% [6][10] - The company's financial metrics indicate a decline in profitability, with a projected net profit margin of 4.4% for 2025, down from 6.7% in 2023 [6][10] - The company's P/E ratio is expected to be 64.2 for 2025, indicating a high valuation relative to earnings [6][10]

Core Viewpoint - The company Yonggui Electric (300351) has diversified its connector products across various sectors, including rail transit, wind power, new energy vehicles, and special equipment, and is expanding into data centers, low-altitude flight, and robotics applications [1] Group 1 - The company's connector products are widely used in rail transit, wind power, new energy vehicles, and special equipment [1] - The company has also laid out applications in data centers, low-altitude flight, and robotics [1] - The company's products are applied in power equipment for data centers [1]

Core Viewpoint - The company reported a revenue increase of 15.68% year-on-year for the first three quarters of 2025, but net profit decreased by 29.25% primarily due to financial expenses related to convertible bonds, indicating stable operational performance despite the profit drop [1] Financial Performance - Revenue for the first three quarters reached 1.586 billion yuan, a 15.68% increase year-on-year [1] - Net profit attributable to shareholders was 71.21 million yuan, a decrease of 29.25% compared to the previous year [1] - Financial expenses amounted to 6.06 million yuan, an increase of 22.99 million yuan year-on-year, mainly due to interest accrual on convertible bonds [1] - The gross profit margin stood at 25.28%, reflecting stable profitability [1] Market Dynamics - The new energy vehicle market continues to grow, with total vehicle sales reaching 21.246 million units from January to September 2025, a 13.7% increase year-on-year, and new energy vehicle sales at 11.228 million units, up 34.9% [2] - The demand for charging infrastructure is increasing, with a current vehicle-to-charging pile ratio of 2.57:1, indicating significant market potential [2] Policy Environment - Recent policies aim to accelerate the construction of charging facilities and support the growth of the new energy vehicle market, including a plan to add 1.6 million DC charging guns by the end of 2027 [3] - The policies are designed to expand the market, increase demand, and alleviate competitive pressure, potentially restoring the company's gross margin to the 30% range [3] Technological Advancements - The company is positioned at the forefront of the industry with its liquid-cooled ultra-fast charging technology, capable of meeting high power requirements of 1000V and 1200A [4] - Collaborations with major automotive manufacturers like Huawei and BYD enhance the company's competitive edge and market presence [4] Future Growth Prospects - The rapid development of the charging gun and pile business, along with the company's advancements in high-end connectors, is expected to drive significant order growth [5] - The company is actively expanding its product offerings in emerging industries, including liquid cooling solutions for computing servers and products for humanoid robots and flying cars [5] - The focus on high-end connector applications in future industries positions the company for sustained growth and market leadership [5]

| 证券代码：300351 | 证券简称：永贵电器 | 公告编码：2025-075 | | --- | --- | --- | | 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 2022 年限制性股票激励计划第二类限制性股票首次授 予第三个归属期及预留授予第二个归属期归属结果暨股份 上市的公告 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、本次归属股票数量为 1,079,060 股，占公司截至 2025 年 10 月 20 日总股 本 387,877,905 股的 0.28%； 2、本次归属限制性股票人数为：198 人； 3、本次归属股份的上市流通日为：2025 年 10 月 31 日（星期五）； 4、本次归属限制性股票来源：公司向激励对象定向发行的本公司人民币 A 股普通股股票。 浙江永贵电器股份有限公司（以下简称"公司""永贵电器"）于 2025 年 8 月 28 日召开第五届董事会第十九次会议、第五届监事会第十七次会议，审议 通过了《关于 2022 年限制性股票激励计划第二类限制性股票首次授予第 ...

Financial Performance - Q3 2025 revenue reached ¥559,196,431.77, an increase of 7.55% year-over-year, while year-to-date revenue totaled ¥1,585,796,210.84, up 15.68%[6] - Net profit attributable to shareholders decreased by 40.71% to ¥16,443,654.55 in Q3 2025, with a year-to-date net profit of ¥71,206,698.40, down 29.25%[6] - Basic earnings per share for Q3 2025 was ¥0.0424, a decline of 41.03% compared to the same period last year, while year-to-date earnings per share was ¥0.1836, down 29.63%[6] - Total operating revenue for the current period reached ¥1,585,796,210.84, an increase of 15.6% compared to ¥1,370,845,482.39 in the previous period[24] - Net profit for the current period was ¥81,667,919.39, a decrease of 19.8% from ¥101,828,154.77 in the previous period[25] - Total comprehensive income attributable to the parent company decreased to ¥71,583,638.50 from ¥100,781,931.01, representing a decline of approximately 29%[26] - Basic earnings per share decreased to ¥0.1836 from ¥0.2609, a drop of about 30%[26] Assets and Liabilities - Total assets increased by 34.19% to ¥4,790,929,730.32 compared to the end of the previous year[6] - The company's total assets increased to ¥4,790,929,730.32, compared to ¥3,570,171,787.94 in the previous year, reflecting a growth of 34%[22] - Total liabilities rose to ¥2,209,633,459.74, up from ¥1,070,062,619.78, indicating a significant increase of 106%[22] - The equity attributable to shareholders of the parent company was ¥2,518,421,623.05, compared to ¥2,444,558,809.37, showing a growth of 3%[22] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥55,258,215.71, reflecting a 26.19% increase[6] - Net cash flow from operating activities increased to ¥55,258,215.71 from ¥43,789,597.45, an increase of approximately 26%[27] - Cash inflow from operating activities totaled ¥1,093,082,565.24, up from ¥895,058,179.75, reflecting a growth of around 22%[27] - Net cash flow from investing activities was negative at -¥801,477,722.30, worsening from -¥259,923,564.64[27] - Cash inflow from financing activities significantly increased to ¥1,127,736,415.10 from ¥17,388,539.97, marking a substantial rise[27] - The ending balance of cash and cash equivalents rose to ¥831,360,577.22 from ¥307,772,632.21, indicating a significant increase[27] - The company received ¥977,726,415.10 from other financing activities, a notable increase compared to the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,774[13] - The largest shareholder, Fan Yonggui, holds 13.86% of shares, totaling 53,767,200 shares[13] - The total number of restricted shares at the end of the period is 125,991,705, with 42,920 shares released during the reporting period[15] - The company has no changes in the number of shareholders participating in margin financing and securities lending[13] Investments and Expenses - Research and development expenses for the current period were ¥123,424,472.00, an increase from ¥115,837,222.06 in the previous period, reflecting a focus on innovation[24] - The company recorded a net cash flow from financing activities of ¥1,070,985,648.44, a substantial increase of 3,613.53% due to the issuance of convertible bonds[11] - The company experienced a 135.78% increase in financial expenses, totaling ¥6,056,863.54, primarily due to interest accrued on convertible bonds[11] - The company reported a financial expense of ¥6,056,863.54, a significant change from a financial income of ¥-16,928,809.14 in the previous period[25] Inventory and Investments - The company's inventory increased to ¥658,766,323.36 from ¥552,440,343.55, marking a rise of approximately 19%[20] - The company's long-term equity investments rose to ¥129,645,288.49 from ¥119,465,305.93, reflecting an increase of approximately 8.5%[20] Accounting and Audit - The company did not undergo an audit for the third quarter financial report[28] - The company plans to implement new accounting standards starting in 2025[28]