四川英杰电气股份有限公司 董事会战略与ESG委员会工作细则 第一章 总则 第一条 为适应四川英杰电气股份有限公司（以下简称"公司"）战略发展 需要，增强公司核心竞争力，合理确定公司发展规划，健全投资决策程序，提高 决策的科学性、有效性和决策质量，完善公司治理结构，提升公司环境、社会责 任和公司治理（ESG）绩效，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司治理准则》《深圳证券交易所上市公司自律监管指引第 17 号——可持续发展报告（试行）》《四川英杰电气股份有限公司章程》（以下简 称"《公司章程》"）及其他有关规定，公司设立董事会战略与ESG委员会，并 制定本细则。 第二条 战略与ESG委员会是董事会下属专门机构，主要负责对公司长期发展 战略、重大投资决策和履行ESG职责进行研究并提出建议。本制度所称的ESG职责， 是指公司在经营发展过程中应当履行的环境（Environmental）、社会（Social） 和公司治理（Governance）方面的责任和义务，主要包括对自然环境和资源的保 护、社会责任的承担以及公司治理的健全和透明。 第二章 人员组成 第三条 战略与ESG委员会成员由3名 ...

第二条 公司关联交易应当定价公允、决策程序合规、信息披露规范。公司应 当积极通过资产重组、整体上市等方式减少关联交易。 第三条 公司董事会下设的审计委员会，履行公司关联交易控制和日常管理的 职责。 四川英杰电气股份有限公司 关联交易管理制度 第一章 总则 第一条 为保证四川英杰电气股份有限公司（以下简称"公司"）与关联人之 间的关联交易符合公平、公正、公开的原则，确保公司的关联交易行为不损害公 司和非关联股东的合法权益，根据《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》（以下简称"《上市规则》"）等有关 法律、法规、规范性文件及《四川英杰电气股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，制定本制度。 第四条 公司临时报告和定期报告中非财务报告部分的关联人及关联交易的 披露应当遵守《上市规则》和中国证监会、深圳证券交易所关于信息披露内容与 格式的相关规定。 定期报告中财务报告部分的关联人及关联交易的披露应当遵守《企业会计准 则》的相关规定。 第二章 关联人及关联交易的认定 第五条 公司关联人包括关联法人和关联自然人。 第六条 具有以下情形之一的法人或其他组织 ...

证券代码：300820 证券简称：英杰电气 公告编号：2024-083 四川英杰电气股份有限公司 关于与专业投资机构共同投资的进展公告 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。 一、与专业投资机构共同投资概述 四川英杰电气股份有限公司（以下简称"公司"）与专业投资机构宁波盈峰股权 投资基金管理有限公司及其他有限合伙人德阳投控兴产投资有限责任公司、四川 华体照明科技股份有限公司共同出资设立了珠海德盈嘉华启辰股权投资合伙企业 （有限合伙）（以下简称"德盈启辰"或"合伙企业"）。全体合伙人认缴出资总额 为人民币 20,010 万元，其中公司作为有限合伙人以自有资金出资人民币 6,000 万 元，占认缴出资总额的 29.98%。具体内容详见公司 2024 年 11 月 20 日于巨潮资讯 网（http://www.cninfo.com.cn）披露的《关于与专业投资机构共同投资的公告》（公 告编号：2024-080）。 德盈启辰于 2024 年 12 月 10 日在中国证券投资基金业协会完成备案手续，取 得了《私募投资基金备案证明》，具体内容详见公司 2024 年 ...

Investment Rating - The report initiates coverage with an "Outperform" rating for the company [4]. Core Views - The company is expected to see rapid growth in RF power supply products for the semiconductor sector starting in 2025E [2][4]. - The company has established itself as a leader in industrial power supply, focusing on power electronics technology applications across various industries, including power control supplies and special power supplies [2][4][21]. Summary by Sections Company Overview - The company has over 20 years of innovation, successfully developing several industry-first products, including the first fully digital single crystal furnace heating DC power supply in China and the first 36-pair multi-crystal silicon reduction furnace power supply globally [2][4][21]. - The company has a strong brand presence in the domestic power control and special industrial power supply equipment market [2][4]. Financial Performance - The company reported revenues of 1.28 billion yuan in 2022 and 1.77 billion yuan in 2023, with year-on-year growth rates of 94.34% and 37.99%, respectively [47]. - The projected revenues for 2024E, 2025E, and 2026E are 2.22 billion yuan, 2.61 billion yuan, and 2.91 billion yuan, reflecting year-on-year growth rates of 25.56%, 17.35%, and 11.84% [4][47]. - The net profit for 2024E, 2025E, and 2026E is expected to be 550 million yuan, 670 million yuan, and 806 million yuan, with growth rates of 27.45%, 21.82%, and 20.36% [4][47]. Market Dynamics - The company’s orders for the first three quarters of 2024 were approximately 1.4 billion yuan, showing a decline primarily due to a significant drop in the photovoltaic sector, which saw orders decrease by over 50% year-on-year [3][32]. - Orders from the semiconductor electronic materials sector increased by over 10% year-on-year, amounting to 328 million yuan [3][32]. - The company aims to expand its overseas market for photovoltaic power supplies and increase sales in semiconductor electronic materials and new energy charging pile businesses [3][32]. Growth Opportunities - The partnership with leading semiconductor equipment companies is expected to accelerate the domestic substitution process for RF power supplies [4][37]. - The company is focusing on expanding its sales scale in semiconductor electronic materials, which is anticipated to grow rapidly [4][50]. Product Segmentation - The company’s revenue from the photovoltaic sector was 974 million yuan in 2023, maintaining a market share of over 70% in the domestic market [27][43]. - The revenue from the semiconductor electronic materials sector has been increasing, with a significant growth rate of 69.35% in 2023 [47][50]. - The company has developed a series of electric vehicle charging equipment, achieving recognition in the industry for quality and innovation [25][29].

证券代码：300820 证券简称：英杰电气 公告编号：2024-082 四川英杰电气股份有限公司 关于与专业投资机构共同投资的进展公告 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。 四川英杰电气股份有限公司（以下简称"公司"）与专业投资机构宁波盈峰股权 投资基金管理有限公司及其他有限合伙人德阳投控兴产投资有限责任公司、四川 华体照明科技股份有限公司共同出资设立了珠海德盈嘉华启辰股权投资合伙企业 （有限合伙）。全体合伙人认缴出资总额为人民币 20,010 万元，其中公司作为有限 合伙人以自有资金出资人民币 6,000 万元，占认缴出资总额的 29.98%。具体内容 详见公司 2024 年 11 月 20 日于巨潮资讯网（http://www.cninfo.com.cn）披露的《关 于与专业投资机构共同投资的公告》（公告编号：2024-080）。 公司于近日收到基金管理人的通知，珠海德盈嘉华启辰股权投资合伙企业（有 限合伙）已在中国证券投资基金业协会完成备案手续，取得了《私募投资基金备 案证明》。备案信息如下： 基金名称：珠海德盈嘉华启辰股权投资合伙企业（有限合 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][7]. Core Views - The company is positioned as a leader in the domestic semiconductor equipment sector, particularly in RF power supplies, which are critical components facing increasing demand for domestic alternatives due to U.S. sanctions [3][4]. - The company has established a dedicated business unit for semiconductor RF power supplies, which has received recognition from major downstream players, enhancing its growth potential [4]. - The financial projections indicate significant revenue growth, with expected revenues of 2.27 billion, 2.66 billion, and 2.97 billion yuan for 2024, 2025, and 2026 respectively, representing year-on-year growth rates of 28%, 17%, and 11.7% [5][6]. Financial Summary - Revenue for 2022 was 1.283 billion yuan, with a growth rate of 94.3%. For 2023, revenue is projected at 1.770 billion yuan, reflecting a growth rate of 38% [6][14]. - The net profit for 2022 was 339 million yuan, with a year-on-year growth of 115.5%. The projected net profit for 2023 is 431 million yuan, indicating a growth of 27.2% [6][14]. - The gross margin for RF power supplies is reported to be over 55%, which is 20 percentage points higher than the traditional main business [4]. Market Context - The U.S. has intensified semiconductor export controls against China, prompting domestic companies to accelerate the adoption of local RF power supply alternatives [2][3]. - The increasing urgency for domestic substitution is driven by the risk of supply chain disruptions for semiconductor equipment manufacturers [3].

证券代码：300820 证券简称：英杰电气 公告编号：2024-081 四川英杰电气股份有限公司 关于回购公司股份的进展公告 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。 四川英杰电气股份有限公司（以下简称"公司"或"本公司"）于 2024 年 7 月 9 日召开第五届董事会第十次会议、于 2024 年 7 月 25 日召开 2024 年第二次临 时股东大会，审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资 金以集中竞价交易方式回购公司部分人民币普通股 A 股股份，用于后期实施员工 持股计划或者股权激励，回购的资金总额不低于人民币 5,000.00 万元（含本数） 且不超过人民币 10,000.00 万元（含本数），回购股份价格不超过 62.00 元/股（含 本数），回购股份的实施期限为自股东大会审议通过回购股份方案之日起 12 个月 内。具体内容详见公司于巨潮资讯网（http://www.cninfo.com.cn）披露的《关于回 购公司股份方案的公告》《回购报告书》。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号 ...

Investment Rating - The investment rating for the company is "Buy (Maintain)" with a current price of 58.94 CNY and a target price of 82.25 CNY over a 6-month period [1]. Core Insights - The company reported a revenue of 1.329 billion CNY for the first three quarters of 2024, representing a year-on-year growth of 17.36%. The net profit attributable to the parent company was 303 million CNY, up 8.27% year-on-year [4]. - The gross margin improved to 42.01%, an increase of 2.59 percentage points year-on-year, primarily due to the rapid growth of the higher-margin semiconductor business [4]. - The company is actively exploring new growth points in the photovoltaic battery segment and has seen a significant increase in semiconductor orders, indicating a shift towards domestic substitution [4]. Financial Performance - The company achieved a revenue of 6.32 billion CNY from the photovoltaic sector, accounting for 47.55% of total revenue, while the semiconductor and electronic materials sector contributed 2.93 billion CNY, or 22.05% [4]. - The forecast for revenue from 2024 to 2026 is 22.64 billion CNY, 27.86 billion CNY, and 34.02 billion CNY, with year-on-year growth rates of 27.91%, 23.06%, and 22.13% respectively [5]. - The net profit forecast for the same period is 4.88 billion CNY, 7.30 billion CNY, and 8.76 billion CNY, with growth rates of 13.10%, 49.55%, and 20.04% respectively [5]. Market Position and Strategy - The company has seen a decline in new photovoltaic orders, down over 50%, but has maintained a steady order flow in the multicrystalline segment due to increased overseas orders [4]. - The semiconductor segment's new orders increased by over 10%, now accounting for 23% of total orders, reflecting a strategic partnership with leading clients [4]. - The company is expanding its product offerings in the photovoltaic battery segment, particularly in TOPCON and HJT technologies, which are expected to yield significant orders in the near future [4].

证券代码：300820 证券简称：英杰电气 公告编号：2024-080 四川英杰电气股份有限公司 关于与专业投资机构共同投资的公告 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。 一、与专业投资机构共同投资概述 （一）基金管理人、普通合伙人、执行事务合伙人的基本信息 公司名称：宁波盈峰股权投资基金管理有限公司 统一社会信用代码：91330206MA290XBD5Q 法定代表人：苏斌 企业类型：有限责任公司（自然人投资或控股） 注册地址：浙江省宁波市北仑区梅山七星路 88 号 1 幢 401 室 B 区 L0659 成立日期：2017 年 5 月 9 日 注册资本：10,000 万元 四川英杰电气股份有限公司（以下简称"公司"）于 2024 年 11 月 19 日与专业 投资机构宁波盈峰股权投资基金管理有限公司及其他有限合伙人德阳投控兴产投 资有限责任公司、四川华体照明科技股份有限公司签署了《珠海德盈嘉华启辰股 权投资合伙企业（有限合伙）合伙协议》，拟共同出资设立珠海德盈嘉华启辰股权 投资合伙企业（有限合伙）（以下简称"德盈启辰"或"合伙企业"，以工商登记 机关 ...

Group 1 - The core point of the article is that Yingjie Electric has successfully tested and delivered a 28MW thyristor hydrogen production rectifier power supply to a well-known domestic electrolyzer company [1] - The hydrogen production power supply utilizes advanced and reliable thyristor rectification technology, achieving high efficiency, high reliability, and low ripple output [1] - This technology perfectly matches the large-scale ALK hydrogen production cell [1]