Investment Rating - The report maintains a "Buy" rating for several companies in the computer and AI sectors, including Yida Information, iFlytek, Weike Technology, and others [15][53]. Core Insights - The "Star Computing" plan, led by Guoxing Aerospace, successfully launched 12 space computing satellites, marking the beginning of a new era in space computing [5][23]. - OpenAI's release of the cloud-based AI programming agent Codex is set to revolutionize software development, enabling developers to complete tasks that previously took hours in just 30 minutes [8][29]. - Perplexity AI is nearing completion of a $500 million funding round, raising its valuation to $14 billion, reflecting significant growth in the AI search engine market [10][37]. Summary by Sections Computing Power Dynamics - The rental prices for computing power remain stable, with specific configurations priced as follows: Tencent Cloud's A100-40G at 28.64 CNY/hour and Alibaba Cloud's A100-80G at 34.74 CNY/hour [22]. - The "Star Computing" plan aims to establish a space-based intelligent computing infrastructure, with the first batch of satellites equipped for space computing and interconnectivity [23][25]. AI Application Dynamics - Kimi's average traffic increased by 9.94%, indicating growing interest in AI applications [28]. - OpenAI's Codex, powered by the codex-1 model, is designed to assist developers in various coding tasks, significantly enhancing productivity [29][31]. AI Financing Trends - Perplexity AI's upcoming funding round will increase its valuation from $9 billion to $14 billion, highlighting the rapid growth in AI-driven search technologies [10][37]. Market Review - The AI computing index and AI application index showed fluctuations, with notable gains and losses among various companies in the sector [42][48]. Investment Recommendations - Tencent reported a 13% year-on-year revenue growth in Q1 2025, with AI contributing significantly to its advertising revenue [51]. - Companies to watch include Jiahe Meikang, iFlytek, and others that are positioned to benefit from advancements in AI and computing power [52].

中信证券股份有限公司 | 保荐人名称：中信证券股份有限公司 | 被保荐公司简称：泓淋电力 | | --- | --- | | 保荐代表人姓名：李亦中 | 联系电话：010-60838582 | | 保荐代表人姓名：刘冠中 | 联系电话：0755-23835900 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 | | | 限于防止关联方占用公司资源的制度、募集资金 | 是 | | 管理制度、内控制度、内部审计制度、关联交易 | | | 制度） | | | | 是，根据泓淋电力2024年度内部控制自我评价 | | （2）公司是否有效执行相关规章制度 | 报告、2024年度内部控制审计报告，发行人有 | | | 效执行了相关规章制度。 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 12次，每月查询募集资 ...

中信证券股份有限公司 关于威海市泓淋电力技术股份有限公司 2024 年度持续督导定期现场检查报告 | 保荐人名称：中信证券股份有限公司 被保荐公司简称：泓淋电力 | | | --- | --- | | （以下简称"中信证券"或"保荐人"） | | | 保荐代表人姓名：李亦中 联系电话：010-60838582 | | | 保荐代表人姓名：刘冠中 联系电话：0755-23835900 | | | 现场检查人员姓名：刘冠中 | | | 现场检查对应期间：2024 年 1 月 1 日-2024 年 12 月 31 日 | | | 现场检查时间：2025 年 月 日 5 15 | | | 一、现场检查事项 现场检查意见 | | | （一）公司治理 是 否 | 不适用 | | 现场检查手段： | | | 查阅了上市公司最新章程、三会议事规则及会议材料，取得上市公司董事、监事、 | | | 高级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司控股 | | | 股东、实际控制人、董事、监事、高级管理人员的信息披露文件及相关变更决策 | | | 文件，查看上市公司生产经营场所，对上市公司财务总监进行访谈。 | ...

证券代码：301439 证券简称：泓淋电力 公告编号：2025-025 威海市泓淋电力技术股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1．本次股东大会未出现否决提案的情形。 2．本次股东大会不涉及变更以往股东大会已通过的决议。 1、会议召开时间： （一）会议召开情况 3．本公告中占公司有表决权股份总数的百分比例均保留 4 位小数，若其各分项数 值之和与合计数值存在尾差，均为四舍五入原因造成。 一、 会议召开情况和出席情况 （1）现场会议召开时间：2025 年 5 月 14 日（星期三）14:00 （2）网络投票时间：2025 年 5 月 14 日，其中： 1 1、股东出席的总体情况 参加本次股东大会现场会议和网络投票表决的股东及股东代理人共 177 人，代表有 表决权的公司股份数合计为 276,209,400 股，占公司有表决权股份总数 389,101,809 股的 70.9864%。 ①通过深圳证券交易所互联网系统投票的时间为：2025 年 5 月 14 日 9:15-15:00； ②通过 ...

证券代码：301439 证券简称：泓淋电力 公告编号：2025-026 威海市泓淋电力技术股份有限公司 关于签署租赁框架协议暨关联交易的进展公告 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。 四、备查文件 《厂房租赁框架协议》 特此公告。 威海市泓淋电力技术股份有限公司董事会 2025年5月14日 二、关联交易的进展情况 2025 年 5 月 14 日，公司全资子公司惠州市泓淋新能源科技有限公司与关联方惠州 市泓淋通讯科技有限公司签订《厂房租赁框架协议》，租赁其位于惠州市东江高新区东 兴片区东新大道泓淋工业园厂房，主要用于生产新能源行业线缆、组件及充电装置等产 品。协议的具体内容详见公司于 2025 年 4 月 24 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于拟签署租赁框架协议暨关联交易的公告》（公告编号：2025-017）。 三、交易目的和对上市公司的影响 公司租赁关联方惠州市泓淋通讯科技有限公司的厂房，主要用于生产新能源行业线 缆、组件及充电装置等产品，是公司业务发展及实际生产经营的正常需要，有利于公司 经营业绩的稳定增长。 ...

北京德和衡律师事务所 关于威海市泓淋电力技术股份有限公司 2024年年度股东大会的 中国·北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 电话：(+8610)85407666 邮编：100022 网址：www.deheheng.com 中国北京市朝阳区建国门外大街 2 号北京银泰中心 C 座 11 层、12 层 Tel：(+8610)85407666 邮编：100022 www.deheheng.com 北京德和衡律师事务所 关于威海市泓淋电力技术股份有限公司 2024年年度股东大会的 法律意见书 德和衡证见意见（2025）第00060号 法律意见书 德和衡证见意见（2025）第00060号 致：威海市泓淋电力技术股份有限公司 北京德和衡律师事务所（以下简称"本所"）接受威海市泓淋电力技术股份 有限公司（以下简称"公司"）的委托，指派本所律师出席公司 2024 年年度股 东大会（以下简称"本次股东大会"），本所律师根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《上市公司股东大会规则》（以下简称"《股东 大会规则》"）、《威海市泓淋电力技术股份有限公司章程》（以下简称"《公 司章程 ...

特此公告。 威海市泓淋电力技术股份有限公司董事会 2025 年 5 月 12 日 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。 为进一步加强与投资者的互动交流，威海市泓淋电力技术股份有限公司（以下简称 "公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公司联合举 办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路演 APP,参与 本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。具体内容详见公司 于 2025 年 4 月 24 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于举行 2024 年度 网上业绩说明会的公告》（公告编号：2025-023），届时公司将在线就公司 2024 年度业 绩、公司治理、发展战略、经营状况、融资计划、股权激励和可持续发展等投资者关心 的问题，与投资者进行沟通与交流，欢 ...

Financial Performance - The company's operating revenue for 2024 reached ¥3,398,206,650.56, representing a 37.06% increase compared to ¥2,479,303,562.31 in 2023[18]. - The net profit attributable to shareholders decreased by 8.14% to ¥196,500,961.04 in 2024 from ¥213,921,812.30 in 2023[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 28.40% to ¥191,661,544.04 in 2024 from ¥149,265,406.86 in 2023[18]. - The total assets of the company increased by 13.06% to ¥4,363,711,036.89 at the end of 2024 from ¥3,859,663,382.92 at the end of 2023[18]. - The basic earnings per share decreased by 13.56% to ¥0.51 in 2024 from ¥0.59 in 2023[18]. - The cash flow from operating activities improved significantly, with a net inflow of ¥11,104,730.52 in 2024 compared to a net outflow of ¥64,262,458.24 in 2023, marking a 117.28% increase[18]. - The company achieved operating revenue of 339,820.67 million yuan in 2024, representing a year-on-year growth of 37.06%[44]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 19,166.15 million yuan, an increase of 28.40% compared to the previous year[44]. - The company reported a consolidated net profit of ¥198,516,102.86 for the fiscal year 2024, with the parent company net profit at ¥137,794,455.14[165]. Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 389,101,809 shares[4]. - The cash dividend for the 2023 fiscal year accounted for 100% of the total profit distribution[163]. - The proposed cash dividend distribution is ¥2.00 per 10 shares, totaling ¥77,820,361.80 to be distributed to shareholders[165]. - For the first three quarters of 2024, the company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 38,910,180.90 (including tax)[162]. Market and Industry Outlook - The global wire and cable market is projected to grow at a compound annual growth rate (CAGR) of 5.30% from 2021 to 2031, reaching a market size of $285.05 billion[29]. - The demand for special cables is expected to rise due to advancements in industrial equipment manufacturing and the construction of smart grids, providing new opportunities for growth in the industry[30]. - The company operates in the electrical machinery and equipment manufacturing industry, specifically focusing on power line components and special cables, which are essential for various applications[27]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, indicating that these do not constitute commitments to investors[4]. - The company has outlined potential risks and countermeasures in the section discussing future development prospects[4]. - The company recognizes macroeconomic risks, including uncertainties in the global political landscape that could impact economic growth and industry stability[112]. - The company faces foreign exchange risk due to a significant portion of its revenue being settled in USD, which may affect operating performance during currency fluctuations[112]. - The company emphasizes the importance of maintaining strong relationships with major clients, including Haier and Dell, to mitigate risks associated with client concentration[113]. Corporate Governance - The company is committed to enhancing its governance structure, including the establishment of various committees to improve decision-making and oversight[117]. - The company has implemented a value management system and is focused on enhancing its valuation improvement plan[115]. - The company maintains strict information disclosure practices, ensuring timely and accurate communication with investors through various channels[127]. - The board of directors consists of 9 members, including 3 independent directors, and held 3 meetings to review significant issues like financial reports and profit distribution[121]. - The supervisory board, comprising 3 members, convened 4 times to oversee financial reports and related transactions, ensuring compliance with regulations[123]. Research and Development - The company’s R&D capabilities are bolstered by partnerships with academic institutions, leading to innovations in core technologies and product development[52]. - The company’s R&D expenses for 2024 were ¥120,874,886.81, a decrease of 6.71% from ¥129,575,350.08 in 2023[69]. - The company aims to enhance market competitiveness through the completion of several R&D projects, including a hydrogen gun and floating cables[70]. - The company is in the process of developing new products such as an automated charging gun and a real-time monitoring system for charging guns[70]. Sustainability and Social Responsibility - The company is committed to environmental management and has been recognized as a "National Green Factory" by the Ministry of Industry and Information Technology[35]. - The company emphasizes a commitment to social responsibility and actively participates in community service and charity activities, particularly in supporting education and environmental initiatives[180]. - The company has established a comprehensive sustainable development management system, integrating it into daily operations to promote social responsibility[178]. - The company is focused on poverty alleviation and rural revitalization, engaging in local community support and improving the quality of life for farmers through quality product promotion[180]. Production and Operations - The company has invested in advanced automated production lines, leading to industry-leading levels of production automation[36]. - The company has established a dual production base in Weihai and Thailand to enhance global market competitiveness and customer service capabilities[58]. - The company has built a comprehensive vertical integration of its supply chain, enhancing efficiency and reducing costs across production processes[55]. - The company plans to enhance smart manufacturing capabilities and strengthen quality control to improve operational efficiency and reduce operating costs[195]. Customer Relations - The company has established a strong customer base, including major clients such as Dell, Haier, Samsung, and Walmart, enhancing its market position in the power cable component industry[34]. - The company has established stable partnerships with leading manufacturers in the electric vehicle sector, including BYD and Geely, enhancing its market competitiveness in the new energy vehicle charging connection products[47]. - The company has a professional after-sales service team to enhance customer service levels and address client issues efficiently[177]. Investment and Financing - The company raised a total of RMB 194,462.72 million through a public offering of 9,728,000 shares at an issue price of RMB 19.99 per share[91]. - The net amount raised after deducting issuance costs was RMB 169,772.05 million, with a usage ratio of 78.18% as of the report date[91]. - The company plans to invest RMB 27,995.00 million in the construction of the power connection device project in Thailand using oversubscribed funds[96]. - The company has committed to investing in new technologies to improve production capabilities and market competitiveness[95]. Employee Management - The total number of employees at the end of the reporting period is 2,415, with 1,236 in the parent company and 1,179 in major subsidiaries[157]. - The company has established a competitive salary management system based on industry standards and individual performance[159]. - The company has implemented both internal and external training programs to enhance employee skills and support sustainable development[160]. Shareholder Engagement - The company continues to prioritize shareholder engagement and transparency in its governance practices[138]. - The annual shareholder meeting had a participation rate of 70.78%, while the first extraordinary shareholder meeting of 2024 saw a participation rate of 71.04%[136]. - The company held multiple board meetings to review and approve the use of oversubscribed funds for various projects and cash management strategies[96].

2025年4月23日，泓淋电力发布了2024年年报。报告显示，公司全年实现营业总收入33.98亿元，同比增 长37.06%；归属净利润1.97亿元，同比下降8.14%；扣非净利润1.92亿元，同比增长28.40%。尽管营收 大幅增长，但净利润的下滑暴露出公司在成本控制和盈利能力方面的挑战。公司主营业务为电源线组件 和特种线缆的研发、生产和销售，尤其在新能源电动汽车充电连接产品领域表现突出。 尽管特种线缆业务表现良好，但公司在新能源领域的布局仍面临一定的挑战。随着市场竞争的加剧，公 司需要持续加大研发投入，保持技术领先优势，同时进一步拓展市场份额，以应对未来可能出现的价格 泓淋电力在电源线组件业务上持续深耕，尤其是在家电和计算机领域。2024年，公司电源线组件业务实 现营业收入22.21亿元，同比增长32.90%。公司通过提高现有客户的合作深度，增加供货占比，提升客 户粘性和服务质量，同时积极开发新客户，拓展国内外小家电、厨电和电动工具等新领域。这一策略使 得公司在细分市场中保持了稳固的行业地位，并推动了营业收入的稳定增长。 然而，尽管电源线组件业务表现亮眼，公司在成本控制方面仍有提升空间。报告期内，公司毛利润 ...

证券代码：301439 证券简称：泓淋电力 公告编号：2024-006 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 容诚会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所为容诚会计师事务所（特殊普通合伙）。 非标准审计意见提示 □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以389,101,809股为基数，向全体股东每10股派发现金红 利2.00元（含税），送红股0股（含税），以资本公积金向全体股东每10股转增0股。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、报告期主要业务或产品简介 （一）报告期内公司从事的主要业务、主要产品及其用途 公司专业从事电源线组件和特种线缆的研发、生产和销售， ...