Financial Performance - The company's operating revenue for 2024 reached ¥3,036,170,730.45, representing a 14.53% increase compared to ¥2,650,974,131.70 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥428,975,205.06, a 6.49% increase from ¥402,827,219.68 in 2023[21]. - The net profit after deducting non-recurring gains and losses was ¥416,780,133.47, up 9.48% from ¥380,693,375.73 in 2023[21]. - The total assets at the end of 2024 amounted to ¥3,670,801,749.29, a 9.65% increase from ¥3,347,712,570.71 at the end of 2023[21]. - The net assets attributable to shareholders increased by 25.18% to ¥1,817,965,576.66 at the end of 2024, compared to ¥1,452,276,368.00 at the end of 2023[21]. - The basic earnings per share for 2024 was ¥1.3843, reflecting a 6.08% increase from ¥1.3049 in 2023[21]. - The cash flow from operating activities for 2024 was ¥363,657,398.06, a decrease of 17.08% from ¥438,569,089.31 in 2023[21]. - The weighted average return on equity for 2024 was 26.39%, down from 31.80% in 2023, indicating a decrease of 5.41%[21]. - The company achieved a total revenue of ¥3,036,170,730.45, representing a year-on-year growth of 14.53%[88]. - The net profit attributable to shareholders was ¥428,975,205.06, with a year-on-year increase of 6.49%[88]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares to all shareholders, based on a total share capital of 310,332,260 shares after deducting repurchased shares[3]. - The company has a profit distribution plan that reflects its commitment to returning value to shareholders while maintaining financial stability[3]. - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling 155.17 million RMB, which represents 36.17% of the net profit for 2024[165]. - Over the past three years, the cumulative cash dividend reached 303 million RMB, accounting for 28.69% of the total net profit during that period[165]. Market Expansion and Product Development - The company is focused on expanding its market reach and enhancing its product offerings through ongoing research and development initiatives[15]. - The company aims to enhance its market share in power quality products, focusing on harmonic governance and voltage drop solutions, aiming for comprehensive coverage in low, medium, and high voltage sectors[146]. - The company aims to expand its electric vehicle charging services, targeting both domestic and overseas markets, with a focus on developing high-efficiency charging modules[147]. - The company is committed to increasing its presence in the energy conversion equipment sector, particularly in grid-side and user-side projects, while also exploring international market opportunities[148]. - The company is actively pursuing new strategies for market expansion and product development to enhance its competitive position[186]. Research and Development - The company maintained a research and development investment of approximately 8.46% of total revenue, amounting to ¥25,674.53 million in 2024[91]. - The company has allocated RMB 500 million for research and development in new energy projects, emphasizing its commitment to innovation[142]. - The company has increased its R&D personnel to 699, representing an 8.37% increase from 645 in 2023, with R&D personnel now accounting for 28.14% of the workforce[113]. - R&D investment for 2024 is reported at ¥256,745,333.26, up from ¥231,001,103.86 in 2023, indicating a continued commitment to innovation[113]. - The company has a clear product roadmap focusing on technological advancements and core competitiveness in the battery testing and formation equipment market[75]. Risk Management - The company acknowledges risks including macroeconomic risks, industry risks, declining gross margins, and accounts receivable risks, with detailed measures outlined in the management discussion section[3]. - The company has outlined its future development outlook, which includes addressing identified risks and leveraging opportunities in the market[3]. - The company has implemented a cash dividend plan for the next three years (2023-2025), with a total cash dividend of RMB 302.7364 million over the past three years, accounting for 28.69% of the total net profit during this period[177]. Corporate Governance - The company has established a governance structure with 8 board members, including 3 independent directors, and held 9 board meetings during the reporting period[172]. - The company has a comprehensive and independent financial management system, ensuring independent accounting and financial decision-making[179]. - The company has established specialized committees within the board, with independent directors holding a two-thirds majority in key committees[172]. - The company is focused on enhancing its internal control and risk prevention capabilities to improve operational governance[170]. - The management team is committed to maintaining transparency and accountability in its operations and decision-making processes[186]. Industry Trends and Market Insights - The photovoltaic industry in China is experiencing growth, with a 28% year-on-year increase in new installations, totaling 277.57 GW in 2024[34]. - The number of electric vehicles in China reached 31.4 million by the end of 2024, an increase of 1099 million vehicles, with charging pile ownership growing by 49% to 12.818 million[35]. - The global push for electric vehicle infrastructure is driven by government incentives and policies aimed at reducing emissions[44]. - The market for charging stations is still in a high growth phase, with significant room for penetration and expansion[43]. - The company is positioned to benefit from government policies promoting the construction of charging infrastructure, which is expected to expand the market share of charging piles[39]. Financial Management and Investment - The company has confirmed that all raised funds are stored in a dedicated account system[130]. - The total amount of funds raised was 328.92 million RMB, with a net amount of 295.92 million RMB after deducting issuance costs of 33.00 million RMB[130]. - The company has not engaged in derivative investments during the reporting period[129]. - The investment progress for the committed projects is at 122.62% of the total amount planned for investment[131]. - The company has not changed the use of raised funds during the reporting period[131].

证券代码：300693 证券简称：盛弘股份 公告编号：2025-017 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 11,000 万元购买了结构性存款， 现将具体情况公告如下： 公司与上述银行无关 ...

证券代码：300693 证券简称：盛弘股份 公告编号：2025-016 深圳市盛弘电气股份有限公司 关于持股 5%以上股东部分股份质押、解除质押的公 告 公司股东盛剑明先生保证向公司提供的信息内容真实、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 深圳市盛弘电气股份有限公司（以下简称"公司"）近日接到公司持股 5%以上 股东盛剑明先生通知，获悉其持有部分公司股份办理了质押及解除质押手续。具 体事项如下： 一、股东股份质押基本情况 股 东 名 称 是否为控股 股东或第一 大股东及其 一致行动人 本次解除质 押股份数量 （股） 占其所 持股份 比例 占公司 总股本 比例 质押起始日 质押到期日 质权人 盛 剑 明 否 1,600,000 9.42% 0.51% 2024/12/6 2025/3/21 深圳市佳银 典当有限公 司 盛 剑 明 否 1,700,000 10.01% 0.55% 2024/12/6 2025/3/21 深圳市佳银 典当有限公 司 2、本次股东股份解除质押的情况 | 股 | | | | | | 是否 | | | | | | -- ...

证券代码：300693 证券简称：盛弘股份 公告编号：2025-015 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）。 深圳市盛弘电气股份有限公司 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。 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。 二、主要风险提示及控制措施 1、投资风险 （1）虽然理财产品都经过严格的评估，但金融市场受宏观经济的影响较大， 不排除该项 ...

证券代码：300693 证券简称：盛弘股份 公告编号：2025-014 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 3,000 万元购买了结构性存款， 现将具体情况公告如下： | 受托方 | 产 ...

Company Overview - Shenzhen Shenghong Electric Co., Ltd. was established in 2007 and listed on the Growth Enterprise Market in August 2017. The company has established manufacturing and R&D centers in various locations, including Huizhou and Xi'an, and has global subsidiaries in the USA, Germany, Australia, Singapore, and South Korea [2][3]. - The company operates in four main business areas: - **Power Quality**: A global provider of comprehensive power quality solutions, with over 20,000 projects and a leading market share in active filters [3]. - **Energy Storage Microgrid**: A leader in modular energy storage systems, with over 12GW of installed capacity across 60+ countries [3]. - **Charging and Swapping Services**: A pioneer in self-developed charging modules and systems, recognized as one of the top ten influential brands in China's charging and swapping industry [3]. - **Battery Formation and Testing**: Provides solutions for battery manufacturers and recycling enterprises, covering 10 regions across 3 continents [3]. Market Outlook - The company anticipates a shift in the domestic energy storage market from "policy-driven" to "value-driven," leading to accelerated innovation in business models and a competitive landscape favoring companies with advanced technology and cost control [4]. - The global energy storage market is expected to grow, with emerging markets in the Middle East also showing rapid demand growth [4]. Product and R&D Focus - The industrial power supply business includes products like active filters and uninterruptible power supplies, addressing issues such as power quality and safety [5][6]. - In 2023, the company's R&D investment was 231 million CNY, accounting for approximately 9% of its revenue, with a consistent investment level over the past years [6]. - Future R&D will focus on four main areas: industrial power supply, new energy conversion equipment, electric vehicle charging services, and battery testing and formation equipment [6]. Profitability and Strategic Management - The company maintains a stable gross profit margin through strategies such as optimizing product structure, controlling costs, enhancing supply chain management, and expanding domestic and international markets [6]. - Currently, there are no plans for acquisitions or mergers, but the company remains vigilant about market opportunities that align with its business direction [6].

证券代码：300693 证券简称：盛弘股份 公告编号：2025-013 深圳市盛弘电气股份有限公司 关于募集资金专户完成销户的公告 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， 一、募集资金的基本情况 经中国证券监督管理委员会《关于核准深圳市盛弘电气股份有限公司首次公 开发行股票的批复》（证监许可〔2017〕1358 号）核准，公司首次公开发行人民 币普通股（A 股）2,281 万股，发行价格为每股 14.42 元，募集资金总额 328,920,200.00 元，扣除发行费用总额 33,003,090.56 元，募集资金净额为人民 币 295,917,109.44 元。瑞华会计师事务所（特殊普通合伙）已于 2017 年 8 月 16 日对公司首次公开发行股票的募集资金到位情况进行了审验，并出具了"瑞华验 字[2017]48420007 号"《验资报告》。 二、募集资金存放和管理情况 为了规范募集资金的管理和使用，保护投资者权益，公司依照《上市公司监 管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年修订）》和 《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 ...

Investment Rating - The report suggests a positive investment outlook for the power supply, liquid cooling, and supporting electrical equipment sectors within the data center industry [3]. Core Insights - The report highlights the increasing value and redundancy in power supply configurations for data centers, particularly with the rise of AI computing demands [3]. - It emphasizes the transition from traditional data centers to AI Data Centers (AIDC), which require higher power densities and specialized cooling solutions [8]. - The liquid cooling market is expected to grow significantly, with cold plate cooling becoming mainstream and immersion cooling waiting for further development [33]. Summary by Sections 1. Power Supply: Growth Direction from Inside to Outside the Cabinet - The report notes that the value of power supply systems is increasing due to the unique power consumption characteristics of data centers, with a projected market size of approximately 150 billion yuan for HVDC systems by 2027 [3]. - The average rack density for AI servers is expected to increase significantly, leading to higher demand for server power supplies, with a projected market size of 373 billion yuan by 2027 [3][31]. 2. Liquid Cooling: Gradual Adoption of Cold Plate and Immersion Cooling - Cold plate liquid cooling is projected to account for 40% of the market by 2027, with a market size of 221 billion yuan, while immersion cooling is expected to reach 89.8 billion yuan [45]. - The report discusses the advantages of cold plate cooling, including lower costs and better compatibility with existing systems, while immersion cooling faces challenges related to liquid properties and system compatibility [36][37]. 3. Supporting Electrical Equipment: Transformers, Busbars, and Power Quality Devices - The demand for busbars is expected to rise as they can support high current loads required by AI-powered cabinets, with significant growth potential in the market [3]. - The report highlights the increasing acceptance of SiC-based power quality products in the data center sector, indicating a shift towards more efficient and compact solutions [3]. 4. Market Forecasts - The report provides detailed forecasts for the growth of the data center market, including the number of standard racks and total power capacity, projecting a total power capacity of 68.7 GW by 2027 [31][45]. - It also outlines the expected market sizes for various power supply solutions, including UPS and HVDC systems, with significant growth anticipated in the coming years [31].

Group 1: Industry Trends - The power quality industry is crucial for economic development and is expected to grow due to increasing demand from emerging sectors like renewable energy and electric vehicles [2] - The market for power quality solutions will expand as industries require higher stability and reliability in their electrical systems [2] Group 2: Company Performance - In 2024, the company's charging and swapping product line experienced rapid revenue growth due to early global expansion and innovative product offerings [3] - The company aims to maintain stable gross margins through strategies like optimizing product design and enhancing supply chain management [4] Group 3: Market Position - The company is a leader in the power quality sector, with over ten years of experience and a comprehensive product range covering various applications [4] - The company plans to increase its presence in data centers and related industries, expanding its product types and applications [4] Group 4: Future Outlook - The company is optimistic about the global energy storage market in 2025, driven by policy shifts and market demand [5][6] - The domestic charging pile market is expected to grow due to the rapid development of new energy vehicles, despite current supply challenges [7] Group 5: Strategic Responses - The company will navigate the lithium battery industry's downturn by enhancing collaboration with upstream and downstream partners and diversifying market strategies [8] - Emphasis will be placed on leveraging technological advancements to capitalize on structural opportunities in the energy storage and battery sectors [8]

证券代码：300693 证券简称：盛弘股份 公告编号：2025-012 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15,000万元购买了结构性存款， 现将具体情况公告如下： 公司与上述银行无关联 ...