Group 1 - The core point of the announcement is that the controlling shareholder, actual controller, chairman, and general manager of Shenghong Co., Ltd. (300693), Fang Xing, plans to reduce his shareholding by up to 1 million shares within three months after 15 trading days from the announcement date, which represents 0.3205% of the total share capital after excluding shares in the repurchase special account [1] - Fang Xing currently holds 56.063 million shares, accounting for 17.9665% of the total share capital after excluding shares in the repurchase special account [1] - The reason for the reduction is personal funding needs, and the reduction price will be determined based on the market price and trading method at the time of the reduction [1]

证券代码：300693 证券简称：盛弘股份 公告编号：2025-057 深圳市盛弘电气股份有限公司 关于公司控股股东、实际控制人减持股份计划预披露 公告 公司控股股东、实际控制人、董事长、总经理方兴先生保证信息 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。 本公司及董事会全体成员保证公告内容与信息披露人提供的信 息一致。 特别提示： 1、持有深圳市盛弘电气股份有限公司（以下简称"公司"）股份 56,063,027 股（占剔除回购专用账户股份后公司总股本的 17.9665%）的控股股东、实际控制 人、董事长、总经理方兴先生，计划自减持预披露公告之日起 15 个交易日后的 3 个月内以集中竞价或大宗交易方式减持公司股份合计不超过 1,000,000 股（占剔 除回购专用账户股份后公司总股本的 0.3205%）。 公司近日收到方兴先生出具的《关于股份减持计划的告知函》，现将有关情 况公告如下： 一、股东基本情况 截至本公告披露日，上述股东持有公司股份情况如下： | | | | 占剔除公司回购专用 | | --- | --- | --- | --- | | 股东名称 | 持股数量（股） | 占总 ...

Group 1: Electric Vehicles - The report anticipates a 22% year-on-year increase in domestic new energy vehicle sales in 2025, driven by policies such as trade-in incentives, new model releases, and price reductions [2][16][22] - In Europe, the electric vehicle market is expected to grow by 22% in 2025, supported by carbon emission regulations and ongoing subsidies [2][18][22] - The global demand for power batteries is projected to grow at a rate of 25% in 2025, with a significant increase in battery capacity requirements due to enhanced vehicle range [22][24] Group 2: Wind Power - The domestic wind power market is expected to see a significant increase in installed capacity, with new installations projected at 100 GW for land-based and 12 GW for offshore wind in 2025, representing year-on-year growth of 23% and 114% respectively [3][4] - Internationally, the wind power market is forecasted to grow at a CAGR of 16.7% from 2025 to 2030, driven by increased policy support [3] - The report highlights opportunities in offshore wind and related supply chains, including wind turbines, piles, and submarine cables [3] Group 3: Photovoltaics - The report expects global photovoltaic installations to reach 530-560 GW in 2025, with a year-on-year growth of 0-6%, influenced by domestic demand and emerging markets [4] - Supply-side reforms are anticipated to play a crucial role in reshaping the industry, with a key window for these reforms expected between the second half of 2025 and the first quarter of 2026 [4] - New technologies such as bifacial cells and metallization processes are highlighted as areas of interest for future growth [4] Group 4: Energy Storage - The domestic energy storage market is projected to grow by 17% year-on-year in 2025, supported by strong bidding data and the advancement of market-oriented electricity pricing [5] - In the U.S., energy storage installations are expected to increase by 23% in 2025, despite concerns over subsidy reductions [5] - The European market is forecasted to see a 36% increase in energy storage installations in 2025, with significant contributions from large-scale commercial storage [5] Group 5: Industrial Control - The industrial control sector is experiencing a recovery, with growth expected in 2025 due to increased demand from traditional and new energy industries [9] - The report emphasizes the potential of humanoid robots and AIDC (Automatic Identification and Data Capture) technologies as key areas for investment [9] - Companies involved in high-value components and new technologies, such as PEEK materials and disc motors, are recommended for attention [9]

证券代码：300693 证券简称：盛弘股份 公告编号：2025-056 深圳市盛弘电气股份有限公司 公司与上述银行无关联关系。 二、主要风险提示及控制措施 1、投资风险 关于使用闲置自有资金进行现金管理的进展公告 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。 深圳市盛弘电气股份有限公司（以下简称"公司"或"盛弘股份"）于 2024 年 10 月 24 日召开了第四届董事会第四次会议，审议通过了《关于使用闲置自有资金进 行现金管理的议案》。公司及全资子公司在确保不影响正常生产经营的情况下，拟使 用 50,000 万元闲置自有资金进行现金管理，使用期限为自董事会审议通过之日起 12 个月，在上述额度内，资金可滚动使用。具体内容详见公司于 2024 年 10 月 26 日在 巨潮资讯网（www.cninfo.com.cn）披露的《关于使用闲置自有资金进行现金管理的 公告》（公告编号：2024-089）。 在审批额度范围内，授权董事长或由董事长授权人员行使该项投资决策权并签署 相关合同文件，由财务部负责组织实施。 根据董事会授权，公司全资子公司 Sinexcel C ...

Investment Rating - The report indicates a positive investment outlook for the data center power supply industry, particularly focusing on the transition from AC to DC architectures, highlighting the potential for domestic manufacturers to increase their market share [4][9]. Core Insights - The trend of increasing power density in data centers is driving the upgrade of power supply architectures from AC to DC, with significant penetration expected for DC systems due to their efficiency, lower failure rates, and space-saving advantages [4][8]. - Domestic manufacturers are expected to benefit from their leading R&D capabilities and delivery strengths, enhancing their investment value in related power supply sectors [4][9]. - The shift towards DC power supply is anticipated to stimulate demand growth in supporting sectors such as energy storage, relays, and low-voltage electrical equipment [4][9]. Summary by Sections Market Space - The demand for AI data centers is driving the power per cabinet to rise to between 20-100 kW, necessitating a more compact and higher voltage power supply system. The global data center development scale is projected to grow from 11 GW in 2024 to 35-40 GW by 2028, with a compound annual growth rate (CAGR) of nearly 35% [8][60]. - If the penetration rate of HVDC in China increases from 15% to 40% and from 0% to 45% overseas, the global HVDC market is expected to expand at a CAGR of 161.86% [66]. Industry Chain - The demand for HVDC and other DC power sources is highly elastic, with domestic manufacturers poised to increase their market share due to their advanced R&D and delivery capabilities. The report emphasizes the importance of capturing incremental opportunities in the industry [9][70]. - The traditional UPS market is relatively stable, with the top five domestic manufacturers holding over 65% market share, while the HVDC and SST markets are still in their infancy, presenting opportunities for early movers [71][73]. Data Center Power Supply - The report notes a high concentration of cloud service providers in the data center power supply market, with domestic manufacturers expected to gain market share. The traditional UPS market is dominated by a few key players, while the HVDC market is still developing [71][78]. - The report highlights that the efficiency of HVDC systems is superior to that of traditional UPS systems, with a single HVDC system achieving over 94% efficiency [22][47].

Investment Rating - The report maintains a "Buy" rating for key companies in the electric equipment and new energy sectors, including CATL, Keda, and others [4][5]. Core Insights - The new energy vehicle market shows strong growth, with significant delivery increases from various manufacturers, indicating a competitive landscape [2][11]. - The photovoltaic sector is experiencing a shift towards overseas production capacity, with companies like Junda establishing a 5GW solar cell base in Turkey to meet local demand [3][35]. - The National Energy Administration has initiated pilot projects for new power system construction, focusing on seven key technology areas [4]. Summary by Sections New Energy Vehicles - In May 2025, several new energy vehicle manufacturers reported strong delivery numbers, with Li Auto delivering 40,856 units and BYD maintaining a leading position with 382,476 units [2][11]. - Zeekr achieved a remarkable 37.7% month-on-month growth in deliveries, showcasing the competitive dynamics in the market [2][21]. Photovoltaics - Junda's agreement to build a 5GW solar cell base in Turkey aims to fill the local production gap and enhance global service efficiency [3][35]. - The photovoltaic industry is facing a decline in production, with a 12.7% decrease in output in May due to reduced domestic orders [3][38]. - Price stability is observed in the solar component market, with TOPCon dual-glass components priced between 0.60-0.72 RMB per watt [3][38]. Electric Equipment and Industrial Control - The National Energy Administration's pilot projects will focus on critical technologies such as smart microgrid integration and virtual power plant aggregation [4]. - Key companies to watch include CATL, Keda, and others, which are expected to benefit from these developments [4].

证券代码：300693 证券简称：盛弘股份 公告编号：2025-055 深圳市盛弘电气股份有限公司 关于使用闲置自有资金进行现金管理的进展公告 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。 深圳市盛弘电气股份有限公司（以下简称"公司"或"盛弘股份"）于 2024 年 10 月 24 日召开了第四届董事会第四次会议，审议通过了《关于使用闲置自有资金进 行现金管理的议案》。公司及全资子公司在确保不影响正常生产经营的情况下，拟使 用 50,000 万元闲置自有资金进行现金管理，使用期限为自董事会审议通过之日起 12 个月，在上述额度内，资金可滚动使用。具体内容详见公司于 2024 年 10 月 26 日在 巨潮资讯网（www.cninfo.com.cn）披露的《关于使用闲置自有资金进行现金管理的 公告》（公告编号：2024-089）。 在审批额度范围内，授权董事长或由董事长授权人员行使该项投资决策权并签署 相关合同文件，由财务部负责组织实施。 根据董事会授权，公司于近日使用闲置自有资金 6,000 万元购买了大额存单及通 知存款，现将具体情况公告如下： 公司与上述 ...

Group 1: Charging and Battery Swap Market - The domestic charging market is expected to grow as the number of new energy vehicles increases and charging infrastructure improves, with a focus on high-quality development [2] - The penetration rate of fast charging is anticipated to rise, supported by government policies encouraging the construction of charging stations [2][3] - The battery swap market is experiencing rapid growth, bolstered by national policies promoting battery swap models [3][4] Group 2: Energy Storage Industry - The energy storage market is transitioning towards low-carbon energy systems, with new energy storage being a key support for carbon neutrality goals [3][4] - The ongoing electricity market reform is creating a favorable environment for new energy storage development, enhancing market opportunities [4] Group 3: Competitive Actions in Energy Storage - The company is enhancing product efficiency and reliability to address industry challenges and maintain competitiveness [4] - Continuous technological innovation and customized solutions are being pursued to increase product value in the energy storage sector [4][5] Group 4: Applications of Power Quality Products - The company's power quality products are applicable across over thirty industries, including high-end equipment manufacturing, transportation, and public facilities [5][6] - The company is expanding its market presence through product development and channel expansion, achieving leading market share in various segments [5][6] Group 5: Advantages in AIDC and Data Center Preparation - The company’s products, such as active filters and uninterruptible power supplies, are well-suited for data centers and intelligent computing centers [5][6] - With the growth of AI and data center demands, the company is preparing for increased capital expenditures in this sector [5][6][7] Group 6: Future Directions and Safety Considerations - The company is committed to enhancing safety in data center solutions, recognizing the industry's stringent safety requirements [7] - Future preparations will focus on exploring and developing solutions tailored for data centers, aiming to become a comprehensive power solution provider [7]

截止本公告披露日，公司股东方兴先生所持质押股份情况如下： 证券代码：300693 证券简称：盛弘股份 公告编号：2025-054 深圳市盛弘电气股份有限公司 关于控股股东、实际控制人部分股份解除质押的公告 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。 深圳市盛弘电气股份有限公司（以下简称"公司"）近日接到公司控股股东、 实际控制人、董事长、总经理方兴先生通知，获悉其质押的部分股份办理了解除 质押手续，具体事项如下： 二、股东股份累计质押基本情况 证券代码：300693 证券简称：盛弘股份 公告编号：2025-054 1、股份解除质押登记证明； 2、深交所要求的其他文件。 | | | | | | | | 已质押股份情 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 况 | | | | | 股 | | | 本次解除 | 本次解除 | 合计 | 合计 | 已质押 | | | | | 东 | 持股数量 | 持股 | ...

Group 1: Charging and Swapping Business - The company's charging and swapping products include charging stations, charging modules, and battery swapping products, with various types such as DC charging stations and AC charging piles [2] - Charging modules cover power levels of 15kW, 20kW, 30kW, 40kW, and 60kW, while battery swapping products include horizontal and vertical cabinets with four or six paths [2] - The customer base for charging and swapping products is extensive, including charging operators, energy companies, and commercial vehicle operators [2] Group 2: Profitability and Market Strategy - The company maintains a relatively high gross margin in the charging and swapping sector, driven by technological innovation and optimization of product efficiency [3] - The company is actively pursuing a global strategy to enhance supply chain efficiency and customer value through localized services [3] Group 3: Energy Storage Market - The overseas revenue from the energy storage business has been significant, with the company focusing on maintaining close relationships with both domestic and international clients [4] - The company emphasizes project and supply chain management to ensure market scale and profitability in the energy storage sector [4] Group 4: Industrial Power Supply Products - The company's industrial power supply products include active filters (APF), static VAR generators (SVG), and uninterruptible power supplies (UPS), addressing issues like harmonic distortion and voltage fluctuations [5] - These products are applicable across over thirty industries, including high-end equipment manufacturing, oil and mining, and data centers [5] Group 5: Data Center Solutions - Products such as APF, SVG, and UPS are utilized in data centers to manage harmonic currents and stabilize power factors, thereby reducing energy costs [6] - The company is positioned to benefit from the growing demand for data centers and intelligent computing centers, with increasing capital expenditures in this area [6] - The company is committed to enhancing product effectiveness and reliability while adapting to diverse technical paths to meet market demands [7]