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。 为进一步加强与投资者的互动交流，四川英杰电气股份有限公司（以下简称 "公司"）将参加由四川省上市公司协会、深圳市全景网络有限公司联合举办的 "四川辖区2025年投资者网上集体接待日及半年度报告业绩说明会"活动，现将 相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" （https://rs.p5w.net）参与本次互动交流，活动时间为2025年9月12日（周五） 14:00—17:00。届时公司董事兼总经理周英怀先生、副总经理兼董事会秘书刘世 伟先生、财务总监张海涛女士、独立董事冯渊女士（如遇特殊情况，参会人员可 能进行调整）将在线就公司2025年半年度业绩、公司治理、发展战略、经营状况 等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 四川英杰电气股份有限公司董事会 证券代码：300820 证券简称：英杰电气 公告编号：2025-044 四川英杰电气股份有限公司 关于参加四川辖区 2025 年投资者网上集体接待日及半年度报告 业绩说明会活动的公告 20 ...

转自：证券时报 人民财讯9月6日电，据证券时报·数据宝统计，截至周五收盘，本周（9月1日至9月5日），59家机构合 计进行1678次"买入型"（包括买入、增持、推荐、强烈推荐、强烈买入）评级，合计覆盖929只个股。 本周获"买入型"评级的个股中，截至9月5日，以最新股东户数与二季度末对比，有89只个股的股东户数 有所下降，其中降幅超过10%的个股有41只，主要分布于基础化工、机械设备、电子、计算机等行业。 结合市场表现来看，截至9月5日，上述41只筹码大幅集中的个股年内平均涨幅超过20%，涨幅超50%的 个股有6只，包括奥赛康、腾亚精工等。 15只个股跑输上证指数同期涨幅13.75%，浙江鼎力、淮河能源、淮北矿业等8股年内股价下跌。 | | | | | 评级目筹码大幅集中的滞涨股 | | | | --- | --- | --- | --- | --- | --- | --- | | 代码 | 间称 | | 手净利润 | 年净利润同 | 東京都 中六 教学二季度 | 行化 | | | | | (亿元) | 比增幅(% | 未降幅(%) | | | 603338 | 浙江鼎力 | -17.96 | 10. 52 ...

证券日报网讯英杰电气（300820）9月5日在互动平台回答投资者提问时表示，公司已与数十家半导体设 备制造厂商建立商务联系，合作覆盖多阶段：既实现部分伙伴的产品批量供应，也在推进与部分厂商的 产品研发，同时与部分厂商开展技术以及商务对接，暂不便透露具体厂商名称。 ...

证券日报网讯英杰电气（300820）9月5日在互动平台回答投资者提问时表示，公司下属子公司——英杰 新能源有储能产品，产品类型涵盖了柜式储能系统、液冷储能系统、增程式储能供能箱以及储能变流器 等，目前英杰新能源在前期产品研发基础上，营收规模正处于逐步上升阶段，其中储能产品的营收规模 目前还比较小，正在和一些大型国企或头部企业做商务对接，力争在保证一定利润水平的前提下能尽快 实现储能产品营收的快速增长。 ...

9月5日，英杰电气涨5.01%，截至发稿，报49.24元/股，成交1.78亿元，换手率3.31%，总市值109.13亿 元。 资料显示，四川英杰电气股份有限公司位于四川省德阳市金沙江西路686号，成立日期1996年1月16日， 上市日期2020年2月13日，公司主营业务涉及以功率控制电源、特种电源为代表的工业电源设备研发、 生产与销售。主营业务收入构成为：功率控制装置及系统61.71%，电源模块及系统28.37%，其他 9.84%，其他(补充)0.08%。 从英杰电气十大流通股东角度 数据显示，南方基金旗下1只基金位居英杰电气十大流通股东。南方中证1000ETF（512100）二季度新 进十大流通股东，持有股数81.97万股，占流通股的比例为0.74%。根据测算，今日浮盈赚取约192.62万 元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模649.53亿。今年以来收益19.41%，同 类排名1812/4222；近一年收益56.23%，同类排名1257/3795；成立以来收益5.67%。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间6年30 ...

内容概要：我国等离子体射频电源系统行业起步较晚，但近年来在国家政策的加持下发展迅速，据统 计，2024年我国等离子体射频电源系统行业市场规模达123.3亿元，同比增长9.50%，未来，随着科技的 持续进步和市场需求的日益增长，我国等离子体射频电源系统市场有望迎来更广阔的发展空间。 上市企业：英杰电气（300820）、北方华创（002371） 相关企业：MKS Instruments, Inc.、Advanced Energy Industries, Inc.、深圳市恒运昌真空技术股份有限公 司、江苏神州半导体科技有限公司、深圳市瀚强科技股份有限公司、深圳市广能达半导体科技有限公司 根据国家统计局发布的《国民经济行业分类》（GB/T4754—2017），等离子体射频电源系统属于"半导 体器件专用设备制造"，行业代码为"C3562"。我国高度重视半导体等核心产业发展，相继出台《电子信 息制造业2023—2024年稳增长行动方案》《河套深港科技创新合作区深圳园区发展规划》《产业结构调 整指导目录（2024年本）》《关于加快数字经济高质量发展的意见》《贯彻实施〈国家标准化发展纲 要〉行动计划（2024—2025年）》 ...

Core Insights - The controlled nuclear fusion technology landscape is diversifying, with significant developments in magnetic confinement, Z-pinch, and FRC technologies [1][2] - Current nuclear fusion projects are primarily funded by public capital, while planned projects are increasingly driven by private investment, indicating a shift towards a more varied technological approach [2] - Major tech companies like Google, Amazon, and Microsoft are actively investing in nuclear fusion companies, highlighting the growing interest and competition in the global fusion race [1][2] Group 1: Technological Developments - The Tokamak device is expected to benefit from breakthroughs in high-temperature superconducting materials, potentially achieving grid-connected power generation by the 2030s [3] - The performance of Tokamak devices is significantly influenced by the strength of the toroidal magnetic field, with a theoretical increase in fusion power by an order of magnitude for every 1.8 times increase in magnetic field strength [3] - The emergence of new fusion companies utilizing high-temperature superconducting solutions, such as CFS and TokamakEnergy, indicates a shift in technological capabilities [3] Group 2: Investment and Market Dynamics - The domestic Z-pinch hybrid reactor is anticipated to accelerate its development, with significant private capital interest in FRC devices [4] - Helion's FRC device has seen substantial funding, totaling approximately $96 million from 2021 to the first half of 2025, indicating strong investor confidence [4] - The potential for commercial nuclear fusion plants could lead to annual investments reaching several hundred billion yuan if successful [2] Group 3: Industry Growth and Opportunities - The controlled nuclear fusion industry is entering a rapid incubation phase, moving towards commercialization [5] - Increased technological advancements and funding are driving the industry forward, creating investment opportunities in upstream equipment and materials [6] - Key beneficiaries of this growth include companies involved in superconducting materials, vacuum chambers, power systems, and detection equipment [6]

Investment Rating - The report maintains an "Accumulate-A" rating for the company [5] Core Views - The company reported a revenue of 720 million yuan in the first half of 2025, a year-on-year decrease of 9.4%, and a net profit of 120 million yuan, down 32.7% year-on-year. In Q2 2025, revenue was 400 million yuan, a decrease of 6.0% year-on-year but an increase of 22.4% quarter-on-quarter, with a net profit of 70 million yuan, down 29.3% year-on-year but up 36.6% quarter-on-quarter [1] - The company's gross margin for H1 2025 was 36.6%, down 5.7 percentage points year-on-year, and the net margin was 16.9%, down 6.5 percentage points year-on-year. The photovoltaic sector saw a revenue decline of 25.2% year-on-year, while the semiconductor and electronic materials sector also experienced a revenue drop of 13.5% year-on-year [1][2] - The company is increasing its investment in the semiconductor sector, establishing a national headquarters and production base for key components in the integrated circuit equipment field, with stable orders and production [2][3] - The company is actively expanding into emerging fields such as controllable nuclear fusion, providing critical power supply equipment for related research projects [3][4] Financial Data and Forecast - The company expects EPS for 2025-2027 to be 1.27, 1.56, and 1.97 yuan, respectively, with corresponding P/E ratios of 40.0, 32.7, and 25.9 based on the closing price of 50.98 yuan on August 28, 2025 [4][5] - Revenue projections for 2025-2027 are 1.685 billion yuan, 1.892 billion yuan, and 2.237 billion yuan, with year-on-year growth rates of -5.3%, 12.3%, and 18.2%, respectively [7][8] - The company’s net profit is projected to be 282 million yuan in 2025, with a year-on-year decrease of 12.6%, followed by increases in subsequent years [7][8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Viewpoints - The company reported a decline in revenue and net profit for the first half of 2025, with revenue at 722 million yuan, down 9.42% year-on-year, and net profit at 119 million yuan, down 32.71% year-on-year [2][3] - The gross margin decreased to 36.57%, down 5.66 percentage points year-on-year, while the net profit margin fell to 16.91%, down 6.53 percentage points year-on-year [2] - The company is facing challenges from the photovoltaic cycle and semiconductor product deliveries, but other sectors are showing steady growth [3][4] Revenue Breakdown - In the first half of 2025, revenue from the photovoltaic sector was 298 million yuan, down 25.18% year-on-year, accounting for 41.24% of total revenue [3] - Revenue from semiconductor and electronic materials was 160 million yuan, down 13.45% year-on-year, making up 22.20% of total revenue [3] - Revenue from other industries increased by 23.94% year-on-year to 263 million yuan, representing 36.48% of total revenue [3] Financial Performance - As of the end of Q2 2025, the company had inventory of 1.481 billion yuan, down 19.89% year-on-year, and contract liabilities of 1.137 billion yuan, down 8.84% year-on-year [4] - The net cash flow from operating activities for the first half of 2025 was 175 million yuan, down 31.05% year-on-year [4] - The company had a backlog of orders amounting to 2.4 billion yuan, with 1.66 billion yuan in goods dispatched [4] Future Outlook - The company is increasing its R&D investment in the semiconductor equipment power supply sector and has established a national headquarters and production base for key components in integrated circuit equipment [5] - In the new energy sector, the company is strengthening collaborations with leading domestic enterprises in the charging pile business, with new products entering the verification stage [5][6] - The company is also expanding into the battery cell manufacturing industry and has seen significant growth in orders from the steel metallurgy sector [7] Earnings Forecast - The company’s projected revenues for 2025-2027 are 1.859 billion yuan, 2.218 billion yuan, and 2.793 billion yuan, respectively [8] - The projected net profits for the same period are 342 million yuan, 476 million yuan, and 612 million yuan, respectively [8] - The diluted EPS is expected to be 1.54 yuan, 2.15 yuan, and 2.76 yuan for 2025, 2026, and 2027, respectively [8]

四川英杰电气股份有限公司 公司副总经理陈玉林先生保证向本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义务人提供的信息一致。 四川英杰电气股份有限公司（以下简称"公司"）于 2025 年 7 月 30 日披露了 《关于部分董事、高级管理人员减持股份的预披露公告》（公告编号：2025-036）， 公司董事兼副总经理陈金杰先生、副总经理崔连润先生、副总经理陈玉林先生计划 在该公告披露之日起 15 个交易日后的 3 个月内（即 2025 年 8 月 21 日至 2025 年 11 月 20 日，相关法律法规规定禁止减持的期间除外）以集中竞价方式减持公司股份合 计不超过 76,263 股（占公司总股本比例 0.0344%，占剔除公司回购专用账户中股份 后总股本比例 0.0346%），其中，陈玉林先生拟减持公司股份不超过 19,763 股（占 公司总股本比例 0.0089%，占剔除公司回购专用账户中股份后总股本比例 0.0090%）。 在减持计划实施期间，公司若发生送红股、转增股本、增发新股或配股等股本变动 事项，减持数量将进行相应调整。 公司于 ...