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]

Core Viewpoint - Tongling Co., Ltd. has indicated that its PPS solid-state separators are currently being tested by multiple clients, but no bulk purchases have been established yet [1] Company Summary - The company is actively engaging with several clients who are in the testing phase of its PPS solid-state separators [1] - There is currently no indication of bulk purchasing agreements being formed, suggesting that the product is still in the evaluation stage [1] Industry Summary - The development of solid-state separators is a significant focus within the industry, reflecting ongoing advancements in battery technology [1] - The testing phase by multiple clients indicates a potential interest in the product, which could lead to future market opportunities if successful [1]

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]

格隆汇9月16日丨通灵股份(301168.SZ)公布，2025年9月15日，尚昆生物和尚昆咨询签订了《股份转让 协议书》，根据协议，尚昆生物将持有的本公司29.08%的股份全部转让给尚昆咨询，尚昆生物将不再 持有本公司股份，控股股东由尚昆生物变更为尚昆咨询。 ...

通灵股份公告，2025年9月15日，尚昆生物和尚昆咨询签订了《股份转让协议书》，根据协议，尚昆生 物将持有的本公司29.08%的股份全部转让给尚昆咨询，尚昆生物将不再持有本公司股份，控股股东由 尚昆生物变更为尚昆咨询。 ...

南财智讯9月16日电，通灵股份公告，江苏尚昆生物设备有限公司（简称"尚昆生物"）拟通过存续分立 方式，将持有的29.08%的股份（3489.0248万股）转让给新设公司镇江尚昆商务咨询有限公司（简称"尚 昆咨询"）。本次权益变动完成后，尚昆生物将不再持有通灵股份的股份，尚昆咨询将成为新的控股股 东。本次变动不会导致上市公司实际控制人发生变化。截至报告书签署日，信息披露义务人无未来12个 月内继续增持或减持计划。 ...

证券代码：301168 证券简称：通灵股份 公告编号：2025-054 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。 3、本次分立主要系公司控股股东自身战略发展需要而实施的行为，不触及要 约收购，亦不构成关联交易，不会对公司的正常生产经营造成不利影响，亦不存在 损害公司和中小股东利益的情形。 4、本次协议转让股份事项尚需深圳证券交易所合规性确认后方能在中国证券 登记结算有限责任公司深圳分公司办理股份协议转让过户手续，能否通过前述合规 性审核存在不确定性，敬请广大投资者注意投资风险。 一、本次分立暨权益变动的基本情况 江苏通灵电器股份有限公司（以下简称"公司""本公司""上市公司"）控 股股东尚昆生物决定采用存续分立方式进行分立，分立为尚昆生物（存续公司）和 尚昆咨询（新设公司），本次分立后存续公司及新设公司股东及持股比例情况与分 立前的尚昆生物股东及持股比例保持一致。具体内容详见公司于2025年5月23日在 巨潮资讯网（www.cninfo.com.cn）披露的《关于控股股东拟存续分立的提示性公 告》（公告编号：2025-030）。 江苏通灵电器股份有限公司 ...