派瑞股份与西电所战略合作，拟联合开展以中高压IGBT为代表的功率器件研发制造

Core Viewpoint - Company has signed a strategic cooperation agreement with Xi'an Power Electronics Research Institute to jointly develop and manufacture power semiconductor devices, particularly medium and high voltage IGBTs [1][3] Group 1: Strategic Cooperation - The strategic cooperation agreement aims to leverage the strengths of both parties in the research and manufacturing of power semiconductor devices [1] - Xi'an Power Electronics Research Institute holds a 39.55% stake in the company, making it a controlling shareholder [1] - The agreement is a framework agreement and does not involve specific monetary amounts, thus not constituting a substantive related party transaction [1] Group 2: Company Overview - Company specializes in the research, production, testing, verification, sales, and service of power semiconductor devices and power electronic equipment [1] - Core products include high-power semiconductor devices, high-power power conversion devices, and testing and non-standard equipment [2] - High-voltage high-power semiconductor devices are widely used in industrial applications, especially in ultra-high voltage and extra-high voltage direct current transmission projects [1] Group 3: Financial Performance - In the first half of 2025, the company achieved operating revenue of 84.52 million yuan and a net profit of 30.13 million yuan, with a basic earnings per share of 0.09 yuan [2] - The company has established strong technical and market advantages in the high-power power semiconductor device sector, positioning itself as a leading player in the industry [2] Group 4: Future Outlook - The company plans to enhance its research and development efforts to innovate and upgrade its products in response to increasing market demands for technological advancements [2] - The cooperation with Xi'an Power Electronics Research Institute will focus on the independent research and design of IGBT chips, as well as the expansion of production scale and automation [3] - The agreement is not expected to affect the company's business independence or current operating performance significantly [3]