证券日报网讯 10月29日晚间，通灵股份发布2025年第三季度报告称，2025年第三季度公司实现营业收 入305，842，291.31元，同比下降27.95%；归属于上市公司股东的净利润为13，414，212.15元，同比 增长80.77%。 （编辑 任世碧） ...

Company Performance - Tongling Co., Ltd. reported a revenue of approximately 1.094 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 9.91% [1] - The net profit attributable to shareholders was approximately 44.72 million yuan, down 36.87% year-on-year [1] - Basic earnings per share were 0.38 yuan, reflecting a decrease of 35.59% compared to the previous year [1] Market Context - As of the report, Tongling Co., Ltd. has a market capitalization of 5.4 billion yuan [2] - The A-share market has recently surpassed 4,000 points, indicating a significant market resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging [2]

公司2025年第三季度报告于2025年10月30日在中国证券监督管理委员会指定的 创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露，敬请投资者注 意查阅。 特此公告。 江苏通灵电器股份有限公司 关于2025年第三季度报告披露提示性公告 本公司及监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。 江苏通灵电器股份有限公司（以下简称"公司"）于2025年10月29日召开第五 届董事会第九次会议，审议通过了《关于<2025年第三季度报告>的议案》。 证券代码：301168 证券简称：通灵股份 公告编号：2025-056 江苏通灵电器股份有限公司 董事会 2025年10月30日 ...

江苏通灵电器股份有限公司 2025 年第三季度报告 证券代码：301168 证券简称：通灵股份 公告编号：2025-057 江苏通灵电器股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 否 1 江苏通灵电器股份有限公司 2025 年第三季度报告 一、主要财务数据 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 305,842,291.31 | -27.95% | 1,093,873,651.93 | ...

江苏通灵电器股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 证券代码：301168 证券简称：通灵股份 公告编号：2025-055 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。 江苏通灵电器股份有限公司（以下简称"公司"或"通灵股份"）于2024年12 月20日召开第五届董事会第四次会议、第五届监事会第四次会议，于2025年1月8 日召开2025年第一次临时股东大会，分别审议通过了《关于使用部分闲置募集资金 及自有资金进行现金管理的议案》，同意公司在确保不影响募集资金投资项目建设 进度，并有效控制风险的前提下，使用不超过人民币20,000.00万元闲置募集资金（含 本数、含超募资金）进行现金管理，用于安全性高、流动性好、风险低、期限不超 过12个月或可转让可提前支取的产品，有效期自2025年第一次临时股东大会审议通 过之日起12个月内有效，在前述额度及期限有效期内，资金可循环滚动使用。保荐 人出具了专项核查意见。具体内容详见公司2024年12月21日、2025年1月9日披露于 巨潮资讯网（http://www.cninfo.com.cn）的相关 ...

Core Insights - The photovoltaic junction box is a critical component of solar photovoltaic systems, responsible for power output and circuit protection, acting as the "control center" for current in photovoltaic modules [1][10] - The Chinese photovoltaic junction box market is projected to grow from 1.758 billion yuan in 2019 to 3.862 billion yuan in 2024, with a compound annual growth rate (CAGR) of 17.05% [1][13] - The demand for photovoltaic junction boxes is primarily driven by large solar power plant constructions, with an expected surge in demand from residential and small commercial users due to the growth of distributed photovoltaics [1][13] Industry Overview - The photovoltaic junction box industry is experiencing significant growth, with China's photovoltaic module production capacity expected to reach 1,156.5 GW and output 627.5 GW in 2024, representing year-on-year increases of 25.7% and 21.1% respectively [1][10] - The global photovoltaic junction box market is also expanding, with demand projected to rise from 418 million units in 2022 to 821 million units in 2024, reflecting a CAGR of 40.15% [11][12] Industry Development Stages - The industry has undergone multiple iterations, improving in sealing performance, size, and automation, transitioning from complex sealing ring junction boxes to more efficient encapsulated types [8][9] - The industry chain includes upstream raw materials and components, midstream manufacturing, and downstream applications primarily in the photovoltaic sector [8][9] Market Dynamics - The rapid growth of the photovoltaic industry, driven by carbon neutrality strategies and supportive policies, has led to a record increase in solar power installations, making photovoltaic junction boxes essential for system efficiency and safety [10][11] - The Chinese photovoltaic junction box market is expected to reach 4.389 billion yuan by 2025, indicating continued growth and innovation in the industry [1][13] Key Companies - Major companies in the photovoltaic junction box sector include Tongling Co., Ltd., Kuake Electronics, and Zairun New Energy, among others, with a significant presence in the Yangtze River Delta region [2][14] - These companies are increasingly focusing on technological advancements and quality certifications to compete with international players [14][16] Industry Trends - The industry is moving towards smart technology integration, enhancing monitoring and control capabilities through advanced components [17] - Efficiency improvements are being prioritized, focusing on reducing energy transmission losses and enhancing performance under high current conditions [18] - Environmental sustainability is becoming a core focus, with efforts to use eco-friendly materials and manufacturing processes [19]

Core Insights - Tongling Co., Ltd. experienced a 1.50% decline in stock price on October 9, with a trading volume of 72.783 million yuan [1] - The company reported a financing buy-in of 10.4515 million yuan and a financing repayment of 11.5984 million yuan on the same day, resulting in a net financing outflow of 1.1469 million yuan [1] - As of October 9, the total margin balance for Tongling Co., Ltd. was 160 million yuan, representing 3.18% of its circulating market value, which is above the 90th percentile of the past year [1] Financing and Margin Data - On October 9, the financing buy-in was 10.4515 million yuan, with a current financing balance of 160 million yuan [1] - The margin trading data indicates that there were no shares repaid or sold on that day, with a margin balance of 0.00 yuan, also above the 80th percentile of the past year [1] Company Overview - Tongling Co., Ltd. is located in Yangzhong City, Jiangsu Province, and was established on July 9, 1984, with its listing date on December 10, 2021 [1] - The company's main business includes the research, production, sales, and service of solar photovoltaic module junction boxes and other related products [1] - The revenue composition includes: diode junction boxes (48.55%), automotive exterior parts (20.96%), photovoltaic interconnection wire harnesses (11.00%), others (10.04%), and chip junction boxes (9.45%) [1] Shareholder and Financial Performance - As of June 30, the number of shareholders for Tongling Co., Ltd. was 9,949, a decrease of 19.47% from the previous period [2] - The average circulating shares per person increased by 138.36% to 9,580 shares [2] - For the first half of 2025, the company reported a revenue of 788 million yuan, a slight decrease of 0.21% year-on-year, and a net profit attributable to shareholders of 31.308 million yuan, down 50.63% year-on-year [2] Dividend and Institutional Holdings - Since its A-share listing, Tongling Co., Ltd. has distributed a total of 57.646 million yuan in dividends, with 49.366 million yuan distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders saw the exit of the fund "Fuguo Hong Kong and Shanghai Performance-Driven Mixed A" from the list [3]

通灵股份9月24日在互动平台表示，公司PPS固态隔膜目前有多家客户在测试使用中，未形成批量采 购。 ...

Group 1 - The photovoltaic equipment sector experienced a rebound on September 18, with Tongling Co., Ltd. rising over 10% [1] - Maiwei Co., Ltd. saw an increase of over 3% [1] - Other companies such as Dike Co., Ltd., Aotewei, and Deye Co., Ltd. also experienced gains [1]

Group 1 - The photovoltaic equipment sector is experiencing a rebound after hitting a low point, indicating a potential recovery in the industry [1] - Tongling Co., Ltd. has seen its stock price increase by over 10%, suggesting strong market performance [1] - Maiwei Co., Ltd. has also reported a stock price increase of over 3%, reflecting positive investor sentiment [1] Group 2 - Other companies in the sector, including Dike Co., Aotewei, and Deye Co., have also shown upward movement in their stock prices, indicating a broader trend of recovery within the photovoltaic equipment industry [1]