证券代码：301439 证券简称：泓淋电力 公告编号：2025-030 威海市泓淋电力技术股份有限公司 关于非独立董事、高级管理人员辞职的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，不存在任何 虚假记载、误导性陈述或者重大遗漏。 威海市泓淋电力技术股份有限公司（以下简称"公司"）董事会于近日收到 非独立董事、副总经理庄绪菊女士递交的书面辞职报告。因个人原因，庄绪菊女 士申请辞去公司第三届董事会董事、战略与 ESG 委员会委员、副总经理职务。 庄绪菊女士上述原定任期届满日为 2026 年 12 月 5 日。根据《中华人民共和 国公司法》及《公司章程》的有关规定，庄绪菊女士辞职不会导致公司董事会成 员低于法定最低人数，不会影响公司董事会的正常运作，其辞职报告自送达董事 会之日起生效。辞职生效后，庄绪菊女士将不再担任公司任何职务，公司将按照 相关规定尽快完成董事的补选工作。 截至本公告披露日，庄绪菊女士通过威海瑞冠股权投资中心（有限合伙）间 接持有公司 790,229 股，占公司总股本的 0.2031%。庄绪菊女士辞职后，其持有 本公司股份将严格按照《上市公司董事和高级管理人员所持本公司股份及其变 ...

Investment Rating - The report maintains a "Buy" rating for the companies mentioned, indicating a positive outlook for their performance in the market [2][52]. Core Insights - The computer industry has shown strong relative performance, with a 12-month increase of 84.9%, significantly outperforming the CSI 300 index, which only increased by 26.7% [3]. - The release of the GLM-4.5V multimodal model by Zhipu AI marks a significant advancement in AI capabilities, achieving top performance in 41 multimodal benchmark tests [4][17]. - Kunlun Wanwei has launched the industry's first multimodal deep research agent, enhancing research capabilities by integrating multimodal retrieval and understanding [5][26]. - Cohere, a Canadian AI startup, completed a $500 million Series D funding round, raising its valuation to $6.8 billion, indicating strong investor confidence in enterprise-level AI solutions [6][41]. Summary by Sections 1. Computing Power Dynamics - The rental prices for computing power remain stable, with specific configurations priced at 5.73 RMB/hour for Tencent Cloud and 31.58 RMB/hour for Alibaba Cloud [16]. - Zhipu AI's GLM-4.5V model, with 106 billion total parameters, has set new records in multimodal benchmarks, showcasing its advanced capabilities in visual reasoning [17][20]. 2. AI Application Dynamics - QuillBot's weekly traffic increased by 4.44%, indicating growing user engagement [25]. - The new multimodal deep research agent from Kunlun Wanwei can process images and generate comprehensive reports, enhancing research efficiency [26][28]. 3. AI Financing Trends - Cohere's recent funding round highlights the growing interest in enterprise AI, with expectations of annual revenue exceeding $200 million by 2025 [41][42]. 4. Investment Recommendations - The report suggests focusing on companies like Jiahe Meikang, Yida Information, and Weike Technology, which are positioned for growth in the AI and robotics sectors [50][51].

Core Viewpoint - Honglin Electric (301439.SZ) is focusing on its core business while exploring new opportunities in the industry, particularly in the special cable products that can be used for industrial equipment like welding robots [1] Company Summary - The company has developed special cable products that are compatible with industrial equipment, specifically welding robots [1] - Honglin Electric is committed to aligning its strategic direction and business planning with industry developments [1] Industry Summary - The company is actively monitoring new opportunities arising from industry developments while maintaining its focus on its main business [1]

天眼查商业履历信息显示，威海市泓淋电力技术股份有限公司，成立于1997年，位于威海市，是一家以 从事计算机、通信和其他电子设备制造业为主的企业。企业注册资本38910.1809万人民币，实缴资本 28375.4515万人民币。公司法定代表人为迟少林。 通过天眼查大数据分析，威海市泓淋电力技术股份有限公司共对外投资了11家企业，参与招投标项目 237次，知识产权方面有商标信息22条，专利信息314条，此外企业还拥有行政许可25个。 金融界消息 截至2025年8月13日收盘，泓淋电力（301439）报收于16.75元，上涨0.18%，换手率 3.03%，成交量5.55万手，成交金额9271.57万元。 资金流向方面，今日主力资金净流出1579.68万元，占比成交额17.04%。其中，超大单净流出176.31万 元、占成交额1.9%，大单净流出1403.37万元、占成交额15.14%，中单净流出流入346.23万元、占成交 额3.73%，小单净流入1233.45万元、占成交额13.3%。 泓淋电力最新一期业绩显示，截至2025一季报，公司营业总收入8.61亿元、同比增长35.58%，归属净利 润5044.06万元， ...

Core Insights - The report highlights the significant role of company secretaries (董秘) as a bridge between investors and listed companies, emphasizing their importance in capital operations within the A-share market [1] Salary Overview - The total salary for A-share company secretaries in 2024 reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - In the raw material pharmaceutical sector, the average annual salary for company secretaries is 608,400 yuan [1] Demographics - The age distribution shows that 60% of company secretaries are between 30-50 years old, while 38% are over 50, and only 2% are 30 or younger [1] - Educational background indicates that over 50% of company secretaries hold a bachelor's degree, with 9% having an associate degree, 39% holding a master's degree [1] Salary Distribution in Raw Material Pharmaceutical Sector - Among company secretaries in the raw material pharmaceutical sector, 49% earn below 500,000 yuan, 40% earn between 500,000 and 1 million yuan, and 11% earn over 1 million yuan [1] Top Earners - The top five highest-paid company secretaries are from Guobang Pharmaceutical, Saifen Technology, Keyuan Pharmaceutical, Aorite, and Zhejiang Pharmaceutical, with salaries ranging from 1.0832 million to 1.9309 million yuan [2] - The lowest-paid company secretaries earn below 200,000 yuan, with their salaries ranging from 174,200 to 190,700 yuan [2]

（文章来源：证券日报） 证券日报网讯泓淋电力8月4日在互动平台回答投资者提问时表示，截至2025年7月31日，公司股东人数 为28642户。 ...

Investment Rating - The report maintains a "Buy" investment rating for several companies in the computer and AI sectors, including 亿道信息 (Yidao Information), 科大讯飞 (iFlytek), 唯科科技 (Weike Technology), 泓淋电力 (Honglin Electric), 嘉和美康 (Jiahe Meikang), 寒武纪 (Cambricon), 鼎通科技 (Dingtong Technology), and 迈信林 (Maixinlin) [11][54]. Core Insights - The computer industry has shown strong relative performance, with a 12-month increase of 58.4%, outperforming the 沪深 300 index which only increased by 19.2% [3]. - 阿里巴巴 (Alibaba) launched the Qwen3-Coder, a state-of-the-art open-source code model with 480 billion parameters, which supports 358 programming languages and can handle up to 1 million tokens [4][20]. - 钛动科技 (Titan Technology) introduced the world's first marketing AI agent, Navos, which aims to enhance overseas marketing efficiency for Chinese enterprises by integrating big data and multi-modal AI [5][29]. - AI programming platform Lovable completed a $200 million Series A funding round, achieving a valuation of $1.8 billion, and has raised a total of approximately $224 million to date [37][40]. Summary by Sections Computing Power Dynamics - The report notes stable pricing in computing power rentals, with specific rates for various configurations [19][21]. - The Qwen3-Coder model is highlighted as a significant advancement in open-source coding models, featuring a hybrid expert architecture and advanced attention mechanisms [20][24]. AI Application Dynamics - Kimi's average user engagement time increased by 65.38% week-on-week, indicating strong user interest [28]. - The launch of Navos by 钛动科技 is positioned as a transformative solution for Chinese brands looking to expand internationally, offering comprehensive marketing services [29][31]. AI Financing Trends - Lovable's recent funding success underscores the growing interest and investment in AI programming platforms, with a notable increase in annual recurring revenue [37][38]. Market Review - The report provides a recap of market performance, noting significant fluctuations in AI-related indices and highlighting key performers within the sector [43][51]. Investment Recommendations - The report emphasizes the positive outlook for companies involved in AI and computing, particularly those with successful product launches and strong market demand [51][52].

Investment Rating - The report maintains a "Buy" investment rating for the companies mentioned [10][57]. Core Insights - The AI application sector is expected to accelerate, with Kimi K2 demonstrating competitive capabilities and significant commercial potential [7][55]. - OpenAI has launched the ChatGPT Agent, marking a significant upgrade in AI capabilities, allowing for complex task management and integration with various tools [27][30]. - The AI financing landscape remains robust, highlighted by Thinking Machines Lab's record $2 billion seed round, indicating strong investor interest in AI technologies [42][44]. Summary by Sections Computing Power Dynamics - The report notes stable pricing in computing power rentals, with specific configurations priced at 28.64 CNY/hour for Tencent Cloud and 31.58 CNY/hour for Alibaba Cloud [15][17]. - The launch of RoboBrain 2.0 by Zhiyuan Research Institute showcases advancements in embodied intelligence, achieving state-of-the-art performance in multiple benchmarks [16][20]. AI Application Dynamics - Bing's average weekly stay duration increased by 166.21%, indicating growing user engagement [26]. - The ChatGPT Agent has achieved a score of 41.6% on the HLE benchmark, significantly outperforming previous models [27][31]. AI Financing Trends - Thinking Machines Lab completed a $2 billion seed round, achieving a valuation of $12 billion, reflecting the high demand for AI talent and innovation [42][44]. Investment Recommendations - Companies such as 嘉和美康 (688246.SH), 科大讯飞 (002230.SZ), and 寒武纪 (688256.SH) are highlighted as key investment opportunities due to their strong market positions and growth potential [8][56].

Summary of Hongyun Electric's Conference Call Company Overview - **Company**: Hongyun Electric - **Acquisition**: Acquired 54.16% stake in Dawai Interconnect in January 2025 to expand into AI computing and new energy high-speed cable sectors [2][3][10] Financial Performance - **2024 Revenue**: Approximately 3.4 billion RMB with a net profit of around 200 million RMB [2][10] - **2025 Revenue Projection**: Expected to reach 4 billion RMB in traditional business [2][10] - **Dawai Interconnect Q1 2025 Performance**: Generated over 30 million RMB in revenue and over 7 million RMB in net profit, nearing last year's total [4][10] - **2025 Total Revenue Target**: 41-42 billion RMB, with traditional business at 35 billion RMB and new energy at 5 billion RMB [5][10] Business Segments Traditional Business - **Segments**: Home appliances, computers, terminals, and new energy [3][10] - **Key Clients**: Includes major brands like Dell, HP, Samsung, LG, and BYD [5][7][9] New Energy Business - **Products**: New energy charging guns, cables, and sockets [9][10] - **Market Position**: Exclusive supplier for Xiaomi's SU7 charging gun, holding 70% market share for SAIC-GM Wuling Bingo model [2][9][10] - **Profit Margins**: Charging guns have a gross margin of 10%-20%, higher than traditional business [2][21] Dawai Interconnect Insights - **Client Structure**: Top three clients account for 70%-80% of revenue [13][14] - **Revenue Growth**: Expected to exceed 200 million RMB in 2025, with a long-term goal of becoming a market leader in high-speed cables [12][15] - **Profitability**: Gross margin over 30% and net margin over 20% [14][26] Market Dynamics - **Automotive Wiring Market**: Significant growth potential, with high-voltage wiring market estimated at 300-500 billion RMB [24][26] - **Competitive Landscape**: Domestic manufacturers gaining market share but still lagging behind international giants like TE Connectivity and Amphenol [24][26] Future Outlook - **2026 Revenue Target**: Aim to reach 5 billion RMB in high-speed cable revenue and total revenue of 50 billion RMB [26] - **Margin Expectations**: Traditional business net margin around 5%-6%, while high-speed cables expected to achieve 30%-40% gross margin [26] Additional Insights - **Production Equipment**: Investment in Rosenberger equipment to enhance production quality and expand product lines [16][18] - **Challenges**: Domestic production of high-speed cable equipment faces challenges, relying on imported technology [17][18] - **Collaboration with Xiaomi**: Exploring further partnerships in high-voltage and low-voltage wiring for electric vehicles [23][20] This summary encapsulates the key points from the conference call, highlighting Hongyun Electric's strategic direction, financial performance, and market positioning.

Market Overview - The three major stock indices closed mixed, with the Shanghai Composite Index at 3424.23 points, down 0.7%, while the Shenzhen Component Index rose 0.34% to 10378.55 points, and the ChiNext Index increased by 0.47% to 2124.34 points [1][2]. Sector Performance - The banking sector led the decline, with notable drops in banks such as Hangzhou Bank, Qingdao Bank, and Chongqing Bank, each falling over 4% [5][8]. - The oil and gas sector continued to decline, with companies like Zhun Oil and Tongyuan Petroleum hitting the daily limit down, and others like Beiken Energy and Shouhua Gas also experiencing significant losses [9]. - In contrast, the copper connection sector saw gains, with stocks like Chuangyitong hitting the daily limit up, and other companies such as Honglin Electric and Xinya Electronics also performing well [7]. Capital Flow - There was a net inflow of capital into sectors such as electronics, communications, and non-ferrous metals, while the banking, public utilities, and oil and petrochemical sectors experienced net outflows [12]. - Specific stocks that saw significant net inflows included Tianfeng Securities, Hengbao Co., and Huatiankeji, with inflows of 1.639 billion, 839 million, and 663 million respectively [13]. - Conversely, stocks like Guiding Compass, Dongfang Caifu, and Agricultural Bank faced net outflows of 832 million, 743 million, and 727 million respectively [14]. Institutional Insights - Jianghai Securities noted that the market's upward trend remains intact, with potential for further gains after consolidation [16]. - Dexun Securities highlighted that the Shanghai Composite Index has shown strong characteristics, indicating a recovery in market sentiment, but faces technical resistance above 3400 points [17]. - Guojin Securities observed that recent trading volumes have remained around 1.5 trillion, with active sectors including securities, military, and AI hardware, suggesting a healthy risk appetite [18].