证券代码：300491 证券简称：通合科技 公告编号：2025-049 石家庄通合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 募集资金使用可行性分析报告 二Ｏ二五年八月 石家庄通合电子科技股份有限公司（以下简称"通合科技"或"公司"）为 满足业务发展需要，提升公司可持续发展能力，拟向不特定对象发行可转换公司 债券。根据相关法律法规、规范性文件的规定，公司编制了本次向不特定对象发 行可转债募集资金使用可行性分析报告。具体内容如下： （本报告中如无特别说明，相关用语具有与《向不特定对象发行可转换公司 债券预案》中相同的含义） 一、本次募集资金使用计划 公司本次发行可转债拟募集资金总额不超过 52,193.27 万元（含 52,193.27 万元），扣除发行费用后，募集资金净额拟投资于以下项目： （石家庄高新区漓江道 350 号） 募集资金到位前，公司可根据募集资金投资项目的实际情况，以自有资金先 行投入，并在募集资金到位后予以置换。若本次募集资金净额少于上述项目拟投 入募集资金总额，则募集资金将依照上表所列示的募投项目顺序依次实施，募集 资金不足部分由公司以自有资金或其他法律法规允许的融资方式解决。在上 ...

证券代码：300491 证券简称：通合科技 公告编号：2025-052 石家庄通合电子科技股份有限公司 关于最近五年被证券监管部门和证券交易所 采取处罚或监管措施情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 石家庄通合电子科技股份有限公司（以下简称"公司"）自上市以来严格遵 守《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易所创业板 股票上市规则》《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《公司章程》等相关规定，不断提高公司规范运作水平，促进 公司持续、稳定、健康发展。 鉴于公司拟向不特定对象发行可转换公司债券，根据相关法律、法规要求， 现将公司最近五年被证券监管部门和证券交易所采取监管措施或处罚及整改情 况公告如下： 一、公司最近五年被证券监管部门和证券交易所处罚的情况 公司最近五年不存在被中国证券监督管理委员会、中国证券监督管理委员会 河北监管局（以下简称"河北证监局"）或深圳证券交易所（以下简称"深交所"） 等处罚的情形。 二、公司最近五年被证券监管部门和证券交易所采取监管措施及整改的情 况 ...

石家庄通合电子科技股份有限公司 关于向不特定对象发行可转换公司债券摊薄即期回报、采取填补 措施及相关主体承诺的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要提示： 本公告中关于石家庄通合电子科技股份有限公司（以下简称"公司"）本次 向不特定对象发行可转换公司债券（以下简称"可转债"）发行后其主要财务指 标的分析、描述均不构成公司的盈利预测，公司为应对即期回报被摊薄的风险而 制定的填补回报措施不等于对公司未来利润做出保证，投资者不应据此进行投资 决策，投资者据此进行投资决策并造成损失的，公司不承担任何责任。提请广大 投资者注意。 证券代码：300491 证券简称：通合科技 公告编号：2025-053 公司拟向不特定对象发行可转债。根据《国务院办公厅关于进一步加强资本 市场中小投资者合法权益保护工作的意见》（国办发[2013]110 号）《国务院关于 进一步促进资本市场健康发展的若干意见》（国发[2014]17 号）和《关于首发及 再融资、重大资产重组摊薄即期回报有关事项的指导意见》（中国证监会[2015]31 号）等文件要求，为保障中小投资者利益，公 ...

一、公司制定本规划考虑的因素 公司着眼于长远和可持续发展，在综合分析公司实际经营发展情况、社会资 金成本、发展目标、股东意愿、外部融资环境等因素的基础上，充分考虑公司目 前及未来盈利规模、现金流量状况、发展所处阶段、项目投资资金需求、银行信 贷及债权融资环境等因素，建立对投资者持续、稳定、科学的回报规划与机制， 从而对利润分配作出制度性安排，以保证利润分配政策的连续性和稳定性。 二、本规划的制定原则 公司利润分配应重视对投资者的合理投资回报，同时兼顾公司的长远利益、 全体股东的整体利益及公司的可持续发展，合理平衡经营利润用于自身发展和回 报股东。公司应保持利润分配政策的连续性和稳定性，公司利润分配应重视对投 资者的合理投资回报，并兼顾公司的可持续发展。未来三年内，公司将积极采取 现金方式分配利润，在符合相关法律法规及《公司章程》规定，同时在保持利润 分配政策连续性和稳定性的情况下，制定本规划。 三、未来三年（2025-2027 年）具体股东分红回报规划 （一）利润分配的形式 公司可采取现金、股票、现金与股票相结合或法律许可的其他方式分配利润； 证券代码：300491 证券简称：通合科技 公告编号：2025-0 ...

Market Overview - The other power equipment sector declined by 1.01% on August 29, with Kewell leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Notable gainers in the other power equipment sector included: - Hailan Sichuang (688411) with a closing price of 127.77, up 13.98% on a trading volume of 41,300 shares and a transaction value of 517 million [1] - Youyou Green Energy (301590) closed at 185.14, up 7.51% with a transaction value of 516 million [1] - Tonghe Technology (300491) closed at 38.64, up 5.86% with a transaction value of 1.22 billion [1] - Kewell (688551) led the decliners, closing at 42.76, down 4.74% with a trading volume of 37,300 shares [2] Capital Flow - The other power equipment sector experienced a net outflow of 1.294 billion from institutional investors, while retail investors saw a net inflow of 1.062 billion [2] - The capital flow for specific stocks showed: - New Ray Energy (300593) had a net inflow of 108 million from institutional investors but a net outflow from retail investors [3] - Tonghe Technology (300491) had a net inflow of 62 million from institutional investors but a significant outflow from retail investors [3]

Investment Rating - The report maintains an "Overweight" rating for the electric equipment and new energy industry [2] Core Viewpoints - The report suggests focusing on the new energy storage segment, highlighting the need for system-friendly new energy power plants to address the instability of renewable energy output [2][39] - The report emphasizes the importance of enhancing the predictive accuracy of wind and solar power generation to improve grid integration [39] - It recommends paying attention to leading inverter companies that benefit from the development of new energy storage technologies [39] Market Review - As of August 28, 2025, the electric equipment industry has increased by 6.08% over the past two weeks, underperforming the CSI 300 index by 0.88 percentage points, ranking 9th among 31 industries [11] - The electric equipment industry has risen by 11.88% this month, outperforming the CSI 300 index by 2.35 percentage points, ranking 7th [11] - Year-to-date, the electric equipment sector has increased by 15.01%, outperforming the CSI 300 index by 1.56 percentage points, ranking 16th [11] Valuation and Industry Data - As of August 28, 2025, the PE (TTM) for the electric equipment sector is 28.32 times, with sub-sectors showing varied valuations: - Electric motor II: 57.18 times - Other power equipment II: 54.33 times - Photovoltaic equipment: 21.08 times - Wind power equipment: 35.53 times - Battery: 27.20 times - Grid equipment: 26.13 times [22][25] Industry News - The report discusses the Chinese government's initiatives to promote green and low-carbon urban development, emphasizing energy efficiency and the adoption of advanced technologies [35] - It highlights the National Energy Administration's focus on enhancing the adaptability of the power system to renewable energy, including the construction of a new power system and the promotion of energy storage solutions [36] Company Announcements - The report includes recent financial performance announcements from various companies, such as: - GreenMe achieved a revenue of 17.56 billion yuan in the first half of 2025, a year-on-year increase of 1.28% [41] - XianDai Intelligent reported a revenue of 6.61 billion yuan, up 14.92% year-on-year [41] - Euro Continental's revenue reached 2.12 billion yuan, reflecting a growth of 32.59% [41]

Core Viewpoint - Tonghe Technology (300491) reported mixed financial results for the first half of 2025, with revenue growth but a decline in net profit, raising concerns about cash flow and accounts receivable management [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 586 million yuan, a year-on-year increase of 27.53% [1]. - Net profit attributable to shareholders was 15.47 million yuan, down 23.39% year-on-year [1]. - In Q2 2025, revenue was 379 million yuan, up 34.76% year-on-year, while net profit was 21.99 million yuan, an increase of 75.94% [1]. - Gross margin decreased to 26.71%, down 7.57% year-on-year, and net margin fell to 2.64%, down 39.93% [1]. - Total operating expenses were 81.96 million yuan, accounting for 13.99% of revenue, a decrease of 4.26% year-on-year [1]. Cash Flow and Receivables - The company reported a significant accounts receivable level, with accounts receivable amounting to 760 million yuan, representing an 18.68% increase year-on-year [1]. - The ratio of accounts receivable to net profit reached 3172.53%, indicating potential liquidity issues [1][3]. - Cash flow from operations per share was -0.01 yuan, a decline of 104.22% year-on-year [1]. Investment Insights - The company's return on invested capital (ROIC) was 2.17%, indicating weak capital returns, with a historical median ROIC of 7.17% since its IPO [3]. - The company has experienced one loss year since its listing, suggesting a need for further investigation into its financial stability [3]. - A prominent fund manager, Liu Changchang from Huazhang Fund, has increased his stake in the company, indicating confidence in its growth potential [4].

资金流向方面，今日该股主力资金净流入3761.07万元，其中，特大单净流入6653.14万元，大单资金净 流出2892.07万元。近5日主力资金净流入1.85亿元。（数据宝） 通合科技8月28日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 机构专用 | 5029.59 | 2308.60 | | 买二 | 机构专用 | 2359.73 | 0.00 | | 买三 | 机构专用 | 2337.43 | 0.00 | | 买四 | 机构专用 | 2197.52 | 2624.00 | | 买五 | 开源证券股份有限公司西安西大街证券营业部 | 2160.61 | 52.39 | | 卖一 | 中泰证券股份有限公司西安朱雀大街证券营业部 | 0.00 | 4362.71 | | 卖二 | 机构专用 | 2197.52 | 2624.00 | | 卖三 | 机构专用 | 1442.43 | 2394.51 | | 卖四 | 机构专用 | 5029.59 | 2308.60 | | 卖五 | 财通证券股份有 ...

Market Performance - The other power equipment sector increased by 2.84% compared to the previous trading day, with Tonghe Technology leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Top Gainers in Other Power Equipment Sector - Tonghe Technology (300491) closed at 36.50, up 19.99%, with a trading volume of 307,800 shares and a transaction value of 1.02 billion [1] - Aikesaibo (688719) closed at 47.18, up 11.01%, with a trading volume of 80,200 shares and a transaction value of 366 million [1] - Keda (002518) closed at 37.90, up 7.27%, with a trading volume of 450,300 shares and a transaction value of 1.65 billion [1] - Oulutong (300870) closed at 280.04, up 6.89%, with a trading volume of 75,700 shares and a transaction value of 2.05 billion [1] - Kehua Data (002335) closed at 57.80, up 6.39%, with a trading volume of 621,900 shares and a transaction value of 3.48 billion [1] Other Notable Stocks - ST Huaxi (002630) closed at 2.78, up 4.12%, with a trading volume of 1,054,000 shares [1] - Shenghong Co. (300693) closed at 39.40, up 3.68%, with a trading volume of 315,000 shares and a transaction value of 1.22 billion [1] - Magmeter (002851) closed at 16.88, up 3.35%, with a trading volume of 700,000 shares and a transaction value of 609.5 million [1] - Shanghai Electric (601727) closed at 6.99, up 3.33%, with a trading volume of 4,079,900 shares and a transaction value of 3.62 billion [1] - Zhongheng Electric (002364) closed at 27.91, up 3.26%, with a trading volume of 1,048,100 shares and a transaction value of 2.87 billion [1] Market Outflows and Inflows - The other power equipment sector experienced a net outflow of 588 million from main funds, while retail funds saw a net inflow of 376 million [2] - Speculative funds had a net inflow of 212 million [2]

Group 1 - The company Tonghe Technology held its 11th meeting of the 5th board of directors on August 27, 2025, to discuss the revision of the "Annual Work System of the Board Audit Committee" [1] - The meeting took place in the company's pilot experimental building on the fifth floor [1] Group 2 - The news highlights a significant medical advancement with the world's first successful transplantation of gene-edited pig lungs into a human [1] - A dialogue with key participants raises questions about the timeline for clinical applications of this breakthrough [1]