金盘科技拟募16.72亿助产业升级业务多点开花数据中心收入增3倍

Core Viewpoint - Jinpan Technology (688676.SH) is accelerating its industrial upgrade by issuing convertible bonds to raise up to 1.672 billion yuan, which will be strategically invested in core business areas aligned with the company's growth in the digital economy and "dual carbon" goals [1][2]. Fundraising and Investment Plans - The total amount of funds raised through the convertible bonds is capped at 1.672 billion yuan, with precise allocation towards production upgrades, R&D enhancement, and financial optimization [1]. - The largest project funded will be the "High-efficiency Energy-saving Liquid-immersed Transformer and Amorphous Alloy Core Intelligent Manufacturing Project," with an investment of up to 617 million yuan [2]. - Another significant project is the "Data Center Power Module and High-efficiency Energy-saving Power Equipment Intelligent Manufacturing Project," which will utilize up to 473 million yuan [2]. - The company plans to allocate 510 million yuan for working capital, which constitutes approximately 30% of the total fundraising amount [2]. Business Performance and Growth - Jinpan Technology has shown steady revenue growth, achieving 5.194 billion yuan in revenue and 486 million yuan in net profit in the first three quarters of 2025, representing year-on-year increases of 8.25% and 20.27%, respectively [1][3]. - The data center segment experienced a remarkable revenue increase of 337.47%, while the wind power sector grew by 71.21%, indicating a diversified and robust business model [1][3]. - The company has a strong historical foundation, evolving from a regional manufacturer to a comprehensive enterprise in R&D, production, and sales over nearly 30 years [2]. R&D and Innovation - Jinpan Technology has consistently increased its R&D investment, with expenditures of 351 million yuan, 356 million yuan, and 224 million yuan from 2023 to the first three quarters of 2025 [3]. - The company holds 130 core technologies, 330 effective patents, 74 software copyrights, and 43 trademarks, showcasing its commitment to innovation [3]. Stock Performance - The company's stock has shown significant performance, closing at 91.01 yuan per share on November 10, 2025, with a cumulative increase of 122.41% since the beginning of the year [3].