证券代码：300843 证券简称：胜蓝股份 公告编号：2025-041 胜蓝科技股份有限公司 关于召开 2025 年第二次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 胜蓝科技股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日召开第三届 董事会第二十四次会议，审议通过了《关于提请召开公司 2025 年第二次临时股 东大会的议案》，公司决定于 2025 年 7 月 21 日召开 2025 年第二次临时股东大 会，现将有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2025 年第二次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次股东大会的召集、召开符合有关法律、 行政法规、部门规章、规范性文件和《公司章程》的有关规定。 4、会议召开的日期、时间： （1）现场会议：2025 年 7 月 21 日（星期一）下午 14:30 （2）网络投票时间：2025 年 7 月 21 日。其中，通过深圳证券交易所交易 系统进行网络投票的具体时间为：2025 年 7 月 21 日 9:15-9:25， ...

证券代码：300843 证券简称：胜蓝股份 公告编号：2025-036 胜蓝科技股份有限公司 一、监事会会议召开情况 胜蓝科技股份有限公司（以下简称"公司"）第三届监事会第十七次会议于 2025 年 7 月 3 日在广东省东莞市东坑镇横东路 225 号公司会议室以现场表决方 式召开，会议通知已于 2025 年 6 月 27 日以电话、电子邮件、传真等方式发出。 本次会议由监事会主席伍麒霖先生召集并主持，应出席监事 3 人，实际出席监事 3 人。本次会议的召开和表决程序符合《中华人民共和国公司法》等法律法规、 规范性文件及《胜蓝科技股份有限公司章程》的有关规定，会议合法、有效。 二、监事会会议审议情况 与会监事对本次会议需审议的议案进行了充分讨论，审议通过了以下议案： 1、审议通过了《关于为控股子公司提供担保的议案》 公司控股子公司东莞市特普伦实业有限公司拟向银行等金融机构申请不超 过 1,000.00 万元（含本数）的综合授信额度，在此授信项下公司对控股子公司东 莞市特普伦实业有限公司提供连带责任担保，担保金额不超过人民币 1,000.00 万 元（含本数）。 经审核，监事会认为：公司为控股子公司拟向银行申请 ...

证券代码：300843 证券简称：胜蓝股份 公告编号：2025-035 胜蓝科技股份有限公司 一、董事会会议召开情况 胜蓝科技股份有限公司（以下简称"公司"）第三届董事会第二十四次会议 于 2025 年 7 月 3 日在广东省东莞市东坑镇横东路 225 号公司会议室以现场表决 与通讯表决相结合的方式召开，会议通知已于 2025 年 6 月 27 日以电话、电子邮 件、传真等方式发出。本次会议由董事长黄雪林先生召集并主持，应出席董事 7 人，实际出席董事 7 人（其中：曾一龙先生、赵连军先生、苏文荣先生以通讯表 决方式出席会议），公司监事、高级管理人员列席了本次会议。本次会议的召开 和表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）等法律、 法规、规范性文件和《胜蓝科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，会议合法、有效。 二、董事会会议审议情况 与会董事对本次会议需审议的议案进行了充分讨论，审议通过了以下议案： 1、审议通过《关于董事会换届选举暨提名第四届董事会非独立董事候选人 的议案》 公司第三届董事会任期即将届满，根据《公司法》《深圳证券交易所创业板 股票上市规则》和《 ...

Core Viewpoint - The rapid growth of the battery swapping connector market is driven by the increasing popularity of the battery swapping model in the electric vehicle sector, with the market expected to reach 5 billion yuan in 2024, a year-on-year increase of 35.7%, and further grow to approximately 6.42 billion yuan in 2025 [1][15][22]. Industry Overview - Battery swapping connectors are high-voltage connectors that facilitate the rapid transfer of energy and data signals from battery swapping station equipment to electric vehicle battery packs, ensuring stable and reliable connections during the battery swapping process [3][11]. - The battery swapping connector market in China is experiencing significant growth, with applications extending beyond passenger and commercial vehicles to energy and industrial sectors [1][15]. Market Size and Growth - The market size of the battery swapping connector industry in China is projected to reach 5 billion yuan in 2024, reflecting a 35.7% year-on-year increase, and is expected to grow to around 6.42 billion yuan by 2025 [1][15]. - The demand for battery swapping connectors is anticipated to continue rising due to the increasing number of battery swapping stations, which are expected to reach 4,819 by May 2025, an increase of 376 from the end of 2024 [13][15]. Competitive Landscape - The battery swapping connector industry features competition from both international brands, such as TE Connectivity and Amphenol, and domestic brands like AVIC Optoelectronics and Yonggui Electric, with the latter gaining traction in the mid-to-high-end market [17][18]. Policy Support - The Chinese government has introduced several policies to promote the development of the battery swapping connector industry, including guidelines to enhance the resilience of the supply chain and support the construction of battery swapping stations [8][9]. Industry Chain - The battery swapping connector industry consists of an upstream segment involving raw materials like metals and plastics, a midstream segment focused on manufacturing, and a downstream segment that includes applications in battery swapping stations and electric vehicles [9][11]. Future Trends - The industry is expected to see advancements in technology and materials, with a focus on introducing new conductive materials and smart monitoring systems to enhance user experience [22][23]. - Standardization and unification of battery swapping connectors will be crucial for compatibility across different brands and models, reducing production costs and maintenance challenges [23]. - The industry will increasingly emphasize environmental sustainability by utilizing low-carbon materials and improving energy efficiency [25].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In the past week, convertible bonds performed remarkably. The small - cap growth style led the rise in the equity market, and the pricing window for convertible bond rating downgrades was about to end. The Wind Information Technology, low - rated, high - priced, and small - cap convertible bond styles led the gains. The 100 - yuan premium rate continued to climb, and the overall market sentiment was high. Although the Wind Financial Convertible Bond Index adjusted significantly in a single day under the influence of the bank stock index adjustment, the adjustment range was limited compared to equities [1][4]. - It is recommended to maintain a dumbbell - shaped allocation. For large - cap blue - chip convertible bonds, the supply - demand relationship is more imbalanced. As underlying bonds like Pufa Convertible Bond mature and exit, the allocation demand for underlying varieties in the convertible bond market will further overflow. Investors are advised to focus on high - grade convertible bonds with stable long - term fundamentals and short - term operational safety. Small - cap growth convertible bonds will continue to benefit from loose liquidity and the AI+ industrial trend. Investors are advised to pay attention to opportunities in industries such as humanoid robots, AI+, and new consumption. Additionally, as the average remaining term of the entire market approaches 2 years, the willingness of convertible bonds to make downward revisions may increase overall, and investors are advised to focus on the downward revision opportunities of low - priced, high - premium convertible bonds [1][4]. 3. Summary by Relevant Catalogs 3.1 Weekly Viewpoint and Outlook - The small - cap growth style in the equity market led the rise, and the convertible bond rating downgrade pricing window was about to end, resulting in excellent performance of convertible bonds in the past week. The Wind Information Technology, low - rated, high - priced, and small - cap convertible bond styles led the gains. The 100 - yuan premium rate continued to rise, and market sentiment was high. The Wind Financial Convertible Bond Index adjusted significantly in a single day due to the bank stock index adjustment, but the adjustment was limited compared to equities [1][4]. - A dumbbell - shaped allocation strategy is recommended. For large - cap blue - chip convertible bonds, due to the exit of some underlying bonds, the demand for underlying varieties will increase. Investors should focus on high - grade, fundamentally stable, and short - term operationally safe convertible bonds. Small - cap growth convertible bonds will benefit from liquidity and industrial trends, and investors should pay attention to industries like humanoid robots, AI+, and new consumption. Also, as the average remaining term approaches 2 years, the downward revision willingness of convertible bonds may increase, and investors should focus on low - priced, high - premium convertible bonds [1][4]. 3.2 Convertible Bond Valuation - This week, the equity and convertible bond markets broke through key points, and market sentiment was good. Convertible bond valuations continued to rise, with the 100 - yuan premium rate reaching 31%, a single - week increase of 1.06%, and the latest quantile at the 83.90% percentile since 2017. The valuation differentiation between high - and low - rated convertible bonds was not significant, with high - rated convertible bonds performing slightly better [3][5]. - Convertible bonds rose significantly following the underlying stocks this week, and the yield to maturity dropped significantly, reaching a new low since 2025. As of the latest data, the conversion premium rate index, pure bond premium rate index, and yield to maturity were 46.58%, 29.10%, and - 3.39% respectively, with changes of - 2.49%, + 3.66%, and - 0.80% compared to last week. Their current quantile levels since 2017 were 70.10%, 46.30%, and 5.40% respectively [3][9]. 3.3 Clause Tracking 3.3.1 Redemption - This week, Chuanheng Convertible Bond, Jinling Convertible Bond, Guansheng Convertible Bond, and Huafeng Convertible Bond announced early redemptions. Currently, there are 11 convertible bonds that have announced forced redemptions or maturity redemptions but have not been delisted, and 1 convertible bond has triggered the forced - redemption condition but has not announced it. The potential maturity or conversion balance of forced - redeemed and matured convertible bonds among those not delisted is 4.2 billion yuan [10]. - There are currently 35 convertible bonds in the redemption process, and 7 are expected to meet the redemption conditions next week, which should be closely monitored [15]. - Two convertible bonds announced non - redemption this week [17]. 3.3.2 Downward Revision - This week, Jiangong Convertible Bond announced a downward revision to the maximum extent, and Shanshi Convertible Bond proposed a downward revision. As of the latest, 160 convertible bonds are in the non - downward - revision period, 27 are restricted by net assets and cannot be revised downward, 2 have triggered the downward - revision condition but the stock price is still below the trigger price and no announcement has been made, 41 are accumulating days for downward revision, and 6 have issued board proposals for downward revision but have not held a general meeting of shareholders [18]. 3.3.3 Put Option - No convertible bonds announced put options this week. As of now, 1 convertible bond has issued a put - option report and is in the put - option process. Eight convertible bonds are accumulating days to trigger the put - option condition, among which 2 are in the downward - revision process, 5 are in the non - downward - revision period, and 1 has proposed a downward revision [21]. 3.4 Primary Issuance - Three convertible bonds announced their issuance this week. According to the latest announcements, no convertible bonds are scheduled to be listed next week. As of now, there are 6 convertible bonds in the approval - registration process, with a total issuance scale of 10.4 billion yuan, and 3 convertible bonds have passed the listing committee review, with a total issuance scale of 2.6 billion yuan [23].

Market Overview - The banking sector led the decline, with oil, gas, insurance, electricity, and liquor sectors also experiencing significant drops. Solid-state battery and AI application concept stocks adjusted [1][2] - On June 27, the three major stock indices closed mixed: the Shanghai Composite Index at 3424.23 points, down 0.7%; the Shenzhen Component Index at 10378.55 points, up 0.34%; and the ChiNext Index at 2124.34 points, up 0.47% [1][2] Sector Performance - The banking sector fell by 2.69%, with notable declines in Hangzhou Bank, Qingdao Bank, and Chongqing Bank, each dropping over 4% [3] - 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 Qianeng Huanxin also experiencing significant drops [4] - The computing power industry chain showed strength, with CPO and copper connection sectors leading gains [1][3] Capital Flow - Main capital saw a net inflow into electronics, communications, and non-ferrous metals, while there was a net outflow from banking, public utilities, and oil and petrochemical sectors [5] - Specific stocks such as Tianfeng Securities, Hengbao Co., and Huatiankeji received net inflows of 1.639 billion, 839 million, and 663 million respectively [6] - Conversely, stocks like Zhina Compass, Dongfang Caifu, and Agricultural Bank faced net outflows of 832 million, 743 million, and 727 million respectively [7] Institutional Insights - Jianghai Securities noted that the market's upward trend remains intact, with potential for further gains after consolidation [8] - Dexun Securities highlighted that the Shanghai Composite Index has shown strong characteristics, indicating a recovery in market sentiment, but noted the presence of technical resistance above 3400 points [8] - Guojin Securities observed that trading volume has remained around 1.5 trillion for three consecutive days, with active sectors including securities, military, and AI hardware, suggesting a healthy risk appetite [8]

1. Report Industry Investment Rating The document does not mention the industry investment rating. 2. Core Viewpoints of the Report - Affected by factors such as weakened upward momentum and overseas disturbances, the equity market declined. With non - banking convertible bonds intensively proposing downward revisions, the large - cap convertible bond market performed better than the small - cap one. Sectors like non - banking, public utilities, banks, and power equipment led the gains, and the underlying positions performed well. The market sentiment remained high, and the convertible bond valuation broke through a key point upwards [1][6]. - From May to June 20, 2025, 11 convertible bonds had their ratings downgraded (13 in the same period of 2024). Although the downgraded par - bond - type convertible bonds generally performed poorly, the parity level and default expectation were better than last year, so the credit risk expectation did not spread significantly. Photovoltaic convertible bonds fluctuated strongly [1][6]. - In the expected stock - bond volatile market, convertible bond assets with strong valuation support are expected to achieve good relative returns. It is recommended to maintain a neutral position, trade frequently, and accumulate small gains. In terms of allocation, it is advisable to focus on high - dividend large - cap par - bond convertible bonds, combined with a balanced and stock - biased direction. Pay attention to recent cases of proposed downward revisions and look for potential targets with strong willingness to promote conversion. Asymmetrical trading, double - low momentum, and clause - based gaming are still recommended [1][6]. 3. Summary by Relevant Catalogs 3.1 Convertible Bond Valuation - This week, the equity and convertible bond markets declined slightly, but the convertible bond valuation continued to rise. The 100 - yuan premium rate rose to the key point of 30%. The overall market's 100 - yuan premium rate was 30%, with a slight weekly increase of 0.29%. The latest quantile level was at the 78.60% percentile since 2017. There was a slight differentiation in the valuations of high - and low - rated convertible bonds, with low - rated ones performing relatively strongly [5][7]. - This week, convertible bonds followed the decline of the underlying stocks, and the yield to maturity increased slightly. As of the latest data, the conversion premium rate index, pure - bond premium rate index, and yield to maturity were 49.07%, 25.45%, and - 2.59% respectively, with changes of + 2.11%, - 0.87%, and + 0.17% compared to last week. Their current quantile levels were at the 78.00, 30.80, and 12.60 percentiles since 2017 [5][11]. 3.2 Clause Tracking 3.2.1 Redemption - This week, Jindan Convertible Bond and Tianyang Convertible Bond issued early redemption announcements. Currently, there are 7 convertible bonds that have issued early redemption or maturity redemption announcements but have not yet delisted. Among the non - delisted convertible bonds, the potential maturity or conversion balance of redeemable and maturing bonds is 6.3 billion yuan. There are currently 37 convertible bonds in the redemption process, and 8 are expected to meet the redemption conditions next week. Five convertible bonds issued non - redemption announcements this week [5][14][20]. 3.2.2 Downward Revision - One convertible bond announced a downward revision this week but did not revise to the bottom. Bonds such as Lanfan, Qibin, Jiali, Ruida, and Caitong proposed downward revisions. As of the latest, 158 convertible bonds are in the non - downward - revision period, 2 have triggered the condition and the stock price is still below the downward - revision trigger price but no announcement has been made, 48 are accumulating downward - revision days, and 6 have issued downward - revision board preliminary plans but have not yet been submitted to the general meeting of shareholders [5][22][24]. 3.2.3 Put Option - No convertible bond issued a put - option announcement this week. As of the latest, 3 convertible bonds are in the put - option process, and 8 are accumulating put - option trigger days. Among them, 4 are in the downward - revision process, 3 are in the non - downward - revision period, and 1 has proposed a downward revision [5][27]. 3.3 Primary Issuance - Four convertible bonds issued issuance announcements this week. According to the latest announcement, no convertible bonds are scheduled to be listed next week. As of the latest, there are 6 convertible bonds in the approval - registration process, with a to - be - issued scale of 13.4 billion yuan, and 4 in the listing - committee - approved process, with a to - be - issued scale of 2.9 billion yuan [5][30].

证券研究报告 | 债券定期报告 2025 年 06 月 10 日 关注科技板块转债机会 可转债策略周报（0603-0606） 成交久期缩短，收益率回落 一、一周行情回顾：转债市场随权益市场上涨 截至上周五，万得全 A 指数收于 5,156.21 点，一周上涨 1.61%；上证指数收于 3,385.36 点，一周上涨 1.13%；中证转债收于 433.92 点，一周上涨 1.08%；可 转债正股指数收于 1,855.59 点，一周上涨 2.39%。 权益市场方面，上证指数放量上涨。上周主要股指均上涨，其中创业板指领涨。 节奏上，周二到周四各指数持续上涨，周五小幅回调。分行业看，通信、有色 金属、电子、综合和计算机行业表现较好，家用电器、食品饮料、交通运输、 煤炭和钢铁行业跌幅领先。 转债行情方面，上周中证转债指数上涨，成交量转为增长。上周 AA-及以下级 别转债、小盘转债、高价转债表现相对占优。分行业看，轻工制造、有色金属、 计算机、家用电器和电子行业转债表现相对较好，银行、钢铁、商业贸易、建 筑材料和国防军工行业转债涨幅落后。个券层面，金陵转债（轻工制造）、亿 田转债（家用电器）、京源转债（公用事业）、华体转 ...

核心观点 转债供给再审视。早在年初市场对浦发、以及高平价杭银/南银转债退出的预期较为充分，然而年内银行板块累计涨 幅接近 10%、更多银行转债的转股预期得以提升，当前齐鲁/常银/重银/上银平价都已达到 115 以上，如果以上银行转 债年内也完成转股，则年内单银行转债的转股&到期、就会导致转债规模减少超 1200 亿，也意味着转债有效供给的等 量减少；除银行转债以外，其余转债年内到期规模 134 亿；年初至今强赎退市转债已经超过 600 亿，预计下半年仍然 有不少强赎退出规模；待发层面当前证监会核准+发审委通过+交易所受理三个环节总共 420 亿元、即使下半年全部发 行规模也有限，且银行标的仅有个别。综合到期&退出以及潜在发行规模，下半年转债规模将持续收缩趋势，预计到 年底转债规模将减少至 6000 亿上下。转债供给（尤其是银行类转债）的减少会对需求造成何种影响？首先是 ETF 类 产品的再平衡需求，会挤出增量资金至其他标的；其次其他公募基金/保险/年金等的溢出配置，这部分虽无法精确测 算、但也有部分转移配置。总体而言，在转债规模持续收缩的背景下、需求还是会有一定溢出效应，尤其是在当前低 利率水平的背景下、资产 ...

东莞证券股份有限公司 关于 胜蓝科技股份有限公司 向不特定对象发行可转换公司债券 之 二〇二五年六月 胜蓝科技股份有限公司 上市保荐书 声 明 东莞证券股份有限公司（以下简称"东莞证券""本保荐人"或"本保荐机 构"）接受胜蓝科技股份有限公司（以下简称"胜蓝股份""发行人"或"公司"） 的委托，担任胜蓝股份向不特定对象发行可转换公司债券的保荐机构，并指定朱 则亮先生、杨国辉先生担任本次保荐工作的保荐代表人。 东莞证券及其保荐代表人根据《中华人民共和国公司法》（以下简称《公司 法》）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司 证券发行注册管理办法》（以下简称"《注册管理办法》"）、《证券发行上市 保荐业务管理办法》（以下简称"《保荐业务管理办法》"）等有关法律、行政 法规和中国证监监督管理委员会（以下简称"中国证监会"）及深圳证券交易所 （以下简称"深交所"）的规定，诚实守信，勤勉尽责，严格按照依法制订的业 务规则、行业执业规范和道德准则出具上市保荐书，并保证所出具文件的真实性、 准确性和完整性。 上市保荐书 保荐机构（主承销商） （住所：东莞市莞城区可园南路一号） 为叙述方便，如无特别说 ...