宝胜科技创新股份有限公司 第八届董事会第二十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 宝胜科技创新股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日以 传真、电子邮件及专人送达等方式向公司全体董事、监事及高级管理人员发出了 召开第八届董事会第二十一次会议的通知。2025 年 10 月 24 日上午 9:30，第八 届董事会第二十一次会议在宝胜会议中心 1 号接待室召开。会议应到董事 11 名， 实到董事 11 名，董事马永胜先生、张航先生、卢之翔先生，独立董事王跃堂先 生、路国平先生、王益民先生和裴力先生以通讯方式参加表决。公司监事及部分 高级管理人员列席了会议。会议由公司董事长生长山先生主持。会议的召集和召 开符合《公司法》等有关法律、法规和《公司章程》的规定。 证券代码：600973 证券简称：宝胜股份 公告编号：2025-033 本议案需提交股东大会审议。 2.02 会议以 11 票同意、0 票反对、0 票弃权审议通过了《关于修订〈董事 会议事规则〉的议案》。 会议就以下事 ...

Group 1 - The copper cable high-speed connection concept declined by 1.24%, ranking among the top declines in the concept sector as of the market close on October 23 [1] - Within the sector, companies such as Changfei Fiber, Dingtong Technology, and Huafeng Technology experienced significant declines, while Baosheng Co., Far East Co., and Zhongtian Technology saw increases of 1.65%, 0.80%, and 0.80% respectively [1][2] - The copper cable high-speed connection sector experienced a net outflow of 1.259 billion yuan, with 31 stocks seeing net outflows, and 8 stocks with outflows exceeding 50 million yuan [2] Group 2 - The top net outflow stocks in the copper cable high-speed connection sector included Changying Precision with a net outflow of 271 million yuan, Huagong Technology with 241 million yuan, and Changxin Bochuang with 123 million yuan [2][3] - The stocks with the highest net inflows included Zhongfu Circuit, Kabeiyi, and Ruikeda, with net inflows of 31.159 million yuan, 25.109 million yuan, and 10.122 million yuan respectively [2][3] - The trading volume and price changes of various stocks in the sector were highlighted, with notable declines in stocks like Huafeng Technology (-4.31%) and Dingtong Technology (-5.13%) [3]

Group 1 - The superconducting concept continues to strengthen, leading to a surge in stock prices for companies involved in this sector [1] - Dongfang Tantalum Industry has reached its daily limit increase, indicating strong market interest [1] - Other companies such as Baosheng Co., Jingda Co., Yongding Co., Shenghong Technology, Zhongtian Technology, and Wolong Nuclear Materials have also seen significant stock price increases [1]

Core Viewpoint - The company focuses on the research, manufacturing, and sales of wires and cables, covering various categories including power cables, communication cables, and special cables [1] Group 1: Product Categories - The company's products are applied in sectors such as aerospace, nuclear power, new energy, intelligent equipment, and high-speed rail locomotives [1] Group 2: Business Operations - The company emphasizes that significant orders and bidding situations should be confirmed through official company announcements [1]

Core Viewpoint - The actual controller of the company is China Aviation Industry Corporation, and its subsidiary specializes in the research and manufacturing of aviation electrical wiring interconnection systems (EWIS) [1] Company Overview - The company’s subsidiary, Shenyang Shenfei Harness Technology Co., Ltd., focuses on the development and production of EWIS [1] - The company’s products are utilized in various sectors including aerospace, nuclear power, new energy, intelligent equipment, and high-speed rail locomotives [1]

Core Viewpoint - The A-share market experienced a significant decline followed by a rebound, with the Electric Grid Equipment ETF (159326) showing a narrowing drop and notable trading activity, indicating investor interest in the sector [1] Group 1: Market Performance - The A-share indices opened sharply lower but then fluctuated upwards, with the Electric Grid Equipment ETF (159326) reducing its decline to 1.35% as of 14:51, with a trading volume of 83.52 million yuan [1] - The ETF has seen a net inflow of funds for four consecutive trading days, accumulating over 102 million yuan, and its scale has doubled in the last five trading days [1] Group 2: Industry Developments - A significant breakthrough was achieved in China's compact fusion device BEST, coinciding with the International Atomic Energy Agency's fusion energy conference scheduled from October 13 to 18 in Chengdu, focusing on fusion technology and feasible pathways [1] - The surge in demand for electricity driven by the AI technology revolution and data center construction is expected to promote the global nuclear power industry [1] Group 3: ETF Composition - The Electric Grid Equipment ETF (159326) is the only ETF tracking the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment [1] - The weight of ultra-high voltage components in the index is as high as 62%, the highest in the market [1]

Core Insights - Guangzhou has launched a new metering laboratory for water and gas meters, aimed at improving the efficiency of the testing process and reducing the burden on local enterprises [1][2] - The new "production and testing integration" service platform allows for on-site testing, significantly shortening the testing time for water meters from 25 to 7 working days and for gas meters from 10 to 5 working days, enhancing efficiency by over 70% and 50% respectively [2] Group 1 - The laboratory was established with the collaboration of multiple local companies and institutions, filling a gap in the local metering service sector [1] - The new testing mechanism is designed to ensure transparency and reliability, with features such as physical isolation zones and full-process video monitoring [2] - The initiative is part of Guangzhou's broader strategy to enhance smart city development and meet the growing demand for intelligent metering devices [1][2] Group 2 - The local market for smart water and gas meters is dominated by companies like SuiShui Technology and JinRan Company, with annual production exceeding 500,000 and 300,000 units respectively [1] - The regulatory body has previously established legal requirements for mandatory testing of household meters before installation, laying the groundwork for this innovative model [2] - Future plans include expanding the coverage of the "production and testing integration" model to further benefit the public [2]

Core Viewpoint - The superconducting sector continues to strengthen, with several companies experiencing significant stock price increases, indicating growing investor interest and potential market opportunities [1] Company Summaries - Western Superconducting Technologies, Yongding Co., and Jinbei Electric all reached their daily price limit, reflecting strong market performance [1] - Other companies such as Jingda Co., Baili Electric, Lianchuang Optoelectronics, Dongfang Tantalum, Baoshen Co., and Zhongtian Technology also saw their stock prices rise, indicating a broader trend in the superconducting industry [1]

Core Insights - The collaboration between AMD and OpenAI marks a significant shift in the AI computing landscape, with a four-year agreement valued at hundreds of billions, aiming to enhance AMD's market position and revenue growth [2][3] - Domestic advancements in nuclear power and solid-state battery technologies are emerging as key investment themes in the A-share market post-holiday [1] Semiconductor Self-Sufficiency - AMD's partnership with OpenAI is set to disrupt NVIDIA's dominance in the AI accelerator market, with AMD expected to generate over $100 billion in additional revenue over the next four years [2] - The U.S. House of Representatives has highlighted the urgency of domestic semiconductor self-sufficiency, with new policies favoring local products, enhancing competitiveness [3] - Key A-share companies benefiting from AMD's growth include Tongfu Microelectronics, Huadian Technology, China Electronics Port, and Northern Huachuang, all positioned to capitalize on increased demand and technological collaboration [4] Nuclear Power Industry - The BEST project in Hefei has achieved a critical milestone, with a total investment of 8.5 billion yuan, aiming to demonstrate fusion power generation by 2030 [5] - Key players in the nuclear power sector include China Nuclear Engineering, Dongfang Electric, and Baoshen Co., all of which are expected to benefit from increased infrastructure demand and equipment orders related to fusion technology [5][6] Solid-State Battery - Breakthroughs in solid-state battery technology by the Chinese Academy of Sciences are expected to eliminate commercialization barriers, with major automotive players like Toyota planning to launch solid-state battery electric vehicles by 2027-2028 [7] - A-share companies such as CATL, Ganfeng Lithium, and Tianqi Lithium are well-positioned to benefit from the growing demand for solid-state battery materials and technology advancements [8][9] Investment Strategy - The three major events indicate a sustained focus on technology growth, with semiconductor self-sufficiency being the most urgent area, supported by clear policies and AMD's collaboration [10] - Long-term investments in nuclear power and solid-state batteries are recommended, with a focus on companies with high technological barriers and stable positions in their respective supply chains [10]

Core Insights - The Chinese government has introduced a significant policy to promote the development of battery swapping in the electric vehicle (EV) industry, aiming to enhance infrastructure and meet diverse market needs [1][6] - Qingdao-based companies are rapidly advancing in the battery swapping sector, with plans to launch new battery swapping stations by the end of September [3][4] - The standardization of battery swapping technology is expected to improve user experience and convenience [1][12] Industry Developments - Qingdao United New Energy plans to deploy 15 battery swapping stations by the end of September, with ambitions to expand its market presence by partnering with 100 cities [3][6] - The battery swapping process is highly efficient, taking only about 3 minutes, comparable to refueling traditional gasoline vehicles [4][5] - The company has developed a fifth-generation smart battery swapping cabinet that can accommodate 10 different vehicle models, including both commercial and passenger vehicles [4][12] Competitive Landscape - Major industry players, including NIO and CATL, are also expanding their battery swapping networks in Qingdao, with NIO operating 24 stations and CATL planning to establish 100 stations by 2027 [6][9][11] - The current battery swapping stations primarily serve logistics vehicles, but there are plans to extend services to ride-hailing and private vehicles in the future [6][12] Challenges and Opportunities - The battery swapping industry faces challenges such as high construction costs and limited service vehicle models, which hinder widespread adoption [16][22] - Standardization of battery technology is crucial for the success of battery swapping, as it allows for shared use across different vehicle brands [12][17] - The design of vehicle batteries plays a significant role in enabling battery swapping, with a focus on modular designs that facilitate easier replacement [21][22]