欧陆通（300870.SZ）11月25日在投资者互动平台表示，数据中心电源业务方面，公司已陆续为浪潮信 息、富士康、华勤、联想、中兴、新华三等国内知名服务器系统厂商出货。公司也同步与国内头部互联 网企业等终端客户保持紧密合作，综合实力获得了客户的高度认可。目前公司数据中心电源业务主要以 内销为主，海外市场拓展在积极推进中。关于公司业务进展情况请持续关注公司后续披露的定期报告。 每经AI快讯，有投资者在投资者互动平台提问：请问公司的服务器电源产品目前有供应北美地区吗？ （文章来源：每日经济新闻） ...

Core Viewpoint - The consumer electronics sector experienced a significant surge on the 25th, with notable stock performances from various companies, indicating a positive market sentiment driven by strong sales and cost control measures [1] Group 1: Stock Performance - Continental Technology (300870) reached a 20% limit up, while Juguang Technology saw an increase of nearly 15% [1] - Other companies such as Siquan New Materials (301489), Defu Technology (301511), and Dongtian Micro (301183) all rose over 10% [1] Group 2: Market Insights - According to Galaxy Securities, major consumer electronics manufacturers indicated during earnings calls that cost control is manageable due to long-term partnerships [1] - The consumer electronics sector has become more attractive after adjustments, presenting good value opportunities [1] Group 3: Sales Data - iPhone 17 sales have shown a significant year-on-year increase, suggesting strong demand and potential for related supply chain investments [1] - There is a recommendation to focus on low-position investments in Apple supply chain-related stocks [1] Group 4: Future Opportunities - Continuous attention is advised for investment opportunities in new consumer electronics categories, such as AI glasses [1]

每经AI快讯，11月25日，液冷服务器概念盘中震荡拉升，欧陆通20%涨停，英维克触及涨停，科信技 术、思泉新材、科创新源、科士达、同飞股份跟涨。 ...

Core Viewpoint - The Google concept sector experienced a significant surge, with multiple companies reaching their daily limit up [1] Group 1: Company Performance - Companies such as 欧陆通 (Oulutong) and 博杰股份 (Bojie Co.) hit the daily limit up [1] - Other notable performers include 易点天下 (Yidian Tianxia), 思泉新材 (Siquan New Materials), 紫建电子 (Zijian Electronics), and 歌尔股份 (Goer Tech), which showed substantial gains [1]

（文章来源：每日经济新闻） 每经AI快讯，其他电源设备板块短线拉升，欧陆通涨超12%，新雷能、麦格米特、中恒电气、海陆重 工、科士达、通合科技等跟涨。 ...

从资金流向上来看，当日其他电源设备板块主力资金净流入2.28亿元，游资资金净流出1.68亿元，散户 资金净流出5977.07万元。其他电源设备板块个股资金流向见下表： 证券之星消息，11月24日其他电源设备板块较上一交易日上涨2.67%，欧陆通领涨。当日上证指数报收 于3836.77，上涨0.05%。深证成指报收于12585.08，上涨0.37%。其他电源设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300870 | 欧陆通 | 186.18 | 8.56% | 7.33万 | 13.45 Z | | 300593 | 新富能 | 22.51 | 8.12% | 30.39万 | 6.81亿 | | 688551 | 科威尔 | 37.56 | 7.65% | 2.36万 | 8638.66万 | | 002364 | 中恒电气 | 22.69 | 5.49% | 32.02万 | 7.15亿 | | 300153 | 科泰电源 | 30.49 | 4.42% | 1 ...

Market Overview - The other power equipment sector experienced a decline of 0.91% on the trading day, with Youyou Green Energy leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - HaLu Heavy Industry (002255) saw a significant increase of 10.04%, closing at 13.92 with a trading volume of 1.48 million shares and a transaction value of 2.02 billion [1] - China Power (600482) increased by 2.11%, closing at 20.82 with a transaction value of 844 million [1] - Youyou Green Energy (301590) led the declines with a drop of 5.84%, closing at 171.88 with a transaction value of 146 million [2] Capital Flow - The other power equipment sector had a net inflow of 206 million from institutional investors, while retail investors experienced a net outflow of approximately 89.9 million [2] - Major stocks like HaLu Heavy Industry and China Power attracted significant institutional investment, while Youyou Green Energy and others saw substantial retail outflows [3]

证券代码：300870 证券简称：欧陆通 公告编号：2025-078 债券代码：123241 债券简称：欧通转债 深圳欧陆通电子股份有限公司 关于控股股东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。 深圳欧陆通电子股份有限公司（以下简称"公司"）近日接到控股股东深圳 市格诺利信息咨询有限公司（以下简称"格诺利"）的通知，获悉格诺利将其持 有的公司部分股份办理了解除质押业务。具体事项如下： 一、股东股份解除质押的基本情况 | 股东 | 是否为控股股东或 第一大股东及其一 | 本次解除质 | 占其 所持 | 占公 司总 | 起始 | 解除 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 致行动人 | 押数量（股） | 股份 | 股本 | 日 | 日期 | | | | | | 比例 | 比例 | | | | | 格诺 | 是，控股股东之一 | 2,510,000 | 8.59% | 2.28% | 2024 年 11 月 8 | 2025 年 11 月 18 ...

Group 1 - The core point of the news is that Oulutong's stock price increased by 5.06% to 187.15 CNY per share, with a trading volume of 346 million CNY and a turnover rate of 1.72%, resulting in a total market capitalization of 20.559 billion CNY [1] - Oulutong, established on May 29, 1996, and listed on August 24, 2020, is primarily engaged in the research, production, and sales of switch power supply products, with 99.57% of its main business revenue coming from the computer, communication, and other electronic equipment manufacturing industry [1] Group 2 - From the perspective of fund holdings, Huian Fund has a significant position in Oulutong, with its Huian Xintai Stable One-Year Holding Mixed A Fund (012479) holding 500 shares, accounting for 0.19% of the fund's net value, ranking as the tenth largest holding [2] - The Huian Xintai Stable One-Year Holding Mixed A Fund was established on November 9, 2021, with a latest scale of 23.8919 million CNY, and has generated a return of 1.07% this year, ranking 7894 out of 8213 in its category [2] - The fund manager, Zhang Kun, has been in position for 5 years and 57 days, overseeing total fund assets of 18.004 billion CNY, with the best fund return during his tenure being 19.72% and the worst being -3.7% [2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The company reported a revenue of 3.387 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 27.16%. The net profit attributable to shareholders was 222 million yuan, up 41.53% year-on-year. The gross margin was 20.47%, a decrease of 0.81 percentage points, while the net margin was 6.58%, an increase of 0.69 percentage points [5][12]. - In Q3 2025, the company achieved a revenue of 1.267 billion yuan, reflecting a year-on-year growth of 19.00% and a quarter-on-quarter increase of 2.81%. All three major business segments experienced growth, with quarterly revenue reaching a new high following Q2. The net profit for the quarter was 88 million yuan, up 25.15% year-on-year and 4.54% quarter-on-quarter [5][12]. - The company has shown resilience in the face of the "chip shortage," with growth in its three business segments: power adapters, data center power supplies, and other power supplies. The company has established itself as a leader in high-power data center power supplies, with significant collaborations with major domestic server manufacturers [12][12]. - The global demand for AI infrastructure is rapidly increasing, which is expected to enhance the company's technological capabilities and market position, particularly in overseas markets [12][12]. - The company is projected to achieve net profits of 335 million, 464 million, and 557 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 65.2, 47.0, and 39.1 times [12][12]. Financial Summary - For the first three quarters of 2025, total expenses amounted to 409 million yuan, a year-on-year increase of 22.98%, with an expense ratio of 12.06%, down 0.41 percentage points [5]. - In Q3 2025, total expenses were 153 million yuan, up 19.17% year-on-year, with an expense ratio of 12.11%, showing a slight increase [12]. - The company’s R&D expenses for Q3 2025 were 79 million yuan, a significant increase of 59.12% year-on-year, with an R&D expense ratio of 6.22%, up 1.57 percentage points [12].