Core Viewpoint - The rail transit equipment sector experienced a slight decline of 0.07% on November 10, with Tianyi New Materials leading the losses, while the Shanghai Composite Index rose by 0.53% and the Shenzhen Component Index increased by 0.18% [1] Summary by Category Market Performance - The rail transit equipment sector's performance was mixed, with individual stocks showing varied results in terms of price changes and trading volumes [1] - The closing prices and percentage changes of key stocks in the sector were as follows: - Gongda Gaoke: 23.77, +5.88% - China Communication Signal: 5.50, +2.23% - Xianghe Industry: 12.49, +1.71% - Zhonghe Technology: 8.23, +1.48% - Tieke Railway: 22.76, +1.47% - Shenzhou High-speed Railway: 3.00, +1.35% - Jiuzhou Yitui: 15.44, +1.11% - Yonggui Electric: 18.38, +1.10% - Changqing Technology: 20.22, +0.50% - Jiaokong Technology: 24.11, +0.42% [1] Stock Declines - Tianzhi New Materials saw the largest decline at -13.63%, followed by other notable declines: - Leirwei: -3.39% - Kanni Electromechanical: -2.03% - Bidetech: -1.61% - Tongke Technology: -1.40% - Quandu Heavy Industry: -1.17% [2] Capital Flow - The rail transit equipment sector experienced a net outflow of 110 million yuan from institutional investors, while retail investors saw a net inflow of 7.1352 million yuan [2] - The capital flow for key stocks indicated: - Shenzhou High-speed Railway: 12.2845 million yuan net inflow from institutions - Changqing Technology: 8.4701 million yuan net inflow from institutions - Gongda Gaoke: 8.2147 million yuan net inflow from institutions [3]

Core Insights - The rapid growth of AI computing power has led to an explosive demand for data center cooling solutions, with liquid cooling becoming essential due to the limitations of traditional air cooling [1][2] - The liquid cooling market is projected to reach $1.26 billion in China by mid-2024, marking a year-on-year increase of 98.3%, highlighting the dual drivers of computing power demand and cooling technology [2][3] - The introduction of the Universal Quick Disconnect (UQD) connector is crucial for the liquid cooling system, addressing the challenges of cross-brand compatibility and sealing reliability [2][4] Industry Overview - The liquid cooling market is experiencing significant growth, with NVIDIA's liquid cooling market expected to reach $12 billion by 2026, indicating a substantial opportunity for UQD, which is estimated to capture 15% of this market [3] - Domestic liquid cooling connector manufacturers are positioned to capture over 30% of the global market share due to their advanced technology and cost advantages, which are 30% lower than their Western counterparts [3] Company Analysis - Yonggui Electric has emerged as a key player in the UQD market, leveraging its extensive technical expertise and manufacturing experience in high-end connector markets [4] - The company has made significant progress in the UQD sector, moving from product development to successful customer testing and small-scale shipments, with plans to standardize UQD interfaces for computing servers [4] - Yonggui Electric has secured key customer partnerships and is poised to capitalize on the expanding AI computing market, enhancing its customer validation and supply capabilities [4][5]

Core Viewpoint - Yonggui Electric's stock has shown mixed performance in recent trading, with a slight increase of 0.34% year-to-date and a 2.13% rise on November 5, 2023, indicating fluctuating investor sentiment and market conditions [1]. Group 1: Stock Performance - As of November 5, 2023, Yonggui Electric's stock price reached 17.74 CNY per share, with a trading volume of 1.09 billion CNY and a turnover rate of 2.38%, resulting in a total market capitalization of 6.9 billion CNY [1]. - The stock has experienced a 0.74% increase over the past five trading days, a 4.62% decrease over the past 20 days, and a 7.91% increase over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Yonggui Electric reported a revenue of 1.586 billion CNY, reflecting a year-on-year growth of 15.68%. However, the net profit attributable to shareholders decreased by 29.25% to 71.21 million CNY [2]. - The company has distributed a total of 250 million CNY in dividends since its A-share listing, with 61.95 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Yonggui Electric was 30,800, a decrease of 5.23% from the previous period, while the average number of tradable shares per shareholder increased by 5.52% to 8,509 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked as the fifth largest, holding 5.6257 million shares, an increase of 3.0836 million shares from the previous period [3].

Core Points - Shenzhen Stock Exchange announced the 2024-2025 information disclosure evaluation results, with Yonggui Electric (300351) receiving the highest rating of A (Excellent) for two consecutive years [2] - A total of 5,104 listed companies participated in the evaluation, with 953 companies rated A, representing 18.67% of the total [2] - 668 companies have been rated A for two or more consecutive years, accounting for 13.09% [2] - The A rating reflects the recognition of the company's compliance with information disclosure obligations, governance, investor relations, and efforts to enhance shareholder returns [2] Company Governance - Yonggui Electric emphasizes standardized governance and continuously improves its governance system to enhance operational performance and development quality [3] - The company adheres to the principles of "truthful, accurate, timely, and complete" information disclosure, aiming to provide investors with a comprehensive understanding of its operations [3] - Yonggui Electric prioritizes investor relations management, fostering good relationships with investors through diverse communication channels and various investor engagement activities [3]

格隆汇11月3日丨永贵电器(300351.SZ)公布，近日，杭州中车车辆有限公司（简称"杭州中车"）与浙江 永贵电器股份有限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）。 ...

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 ...