【导读】中国光伏行业协会澄清市场传闻 中国基金报记者 安曼 7 月 29 日晚间，中国光伏行业协会在官方微信公众号上发布一则澄清信息，称近日有部分自 媒体发布了关于光伏行业 " 反内卷 " ，特别是多晶硅方面工作的新闻。该协会称 " 相关内容 与实际情况严重不符，请大家不信谣，不传谣 " 。 日中国光伏行业协会会议上提出的 " 修订多晶硅能耗标准，推动落后产能出清 " 的倡议形成 呼应。 弘业期货分析团队认为： " 作为本轮反内卷的核心品种，多晶硅的政策消息和市场传闻较 多，形成了较强的市场预期。 工信部的最新表态印证了行业整顿的决心，这为价格提供了支 撑 。 " 银河期货分析，倘若日内产能整合会议传出较为积极性的成果，则多晶硅长期预期将直接逆 转，期货价格或再度走强。 编辑：江右 校对：王玥 协会表示，将秉着 法制化 、市场化原则推进 " 反内卷 " 工作，力求尽快走出内卷式恶性竞 争，请大家一切以官方发布信息为准，并感谢大家对光伏行业的支持。 虽然光伏行业协会并未明确提及澄清事项的具体细节，不过今日盘间，有市场传闻称多晶硅 行业将进行产能整合。受此消息影响，多晶硅期货率先反弹，盘中涨超 4% 。 | ( ...

【导读】中国光伏行业协会澄清市场传闻 7月29日晚间，中国光伏行业协会在官方微信公众号上发布一则澄清信息，称近日有部分自媒体发布了关于光伏行业"反内卷"，特别是多晶硅方面工作的 新闻。该协会称"相关内容与实际情况严重不符，请大家不信谣，不传谣"。 协会表示，将秉着法制化、市场化原则推进"反内卷"工作，力求尽快走出内卷式恶性竞争，请大家一切以官方发布信息为准，并感谢大家对光伏行业的支 持。 虽然光伏行业协会并未明确提及澄清事项的具体细节，不过今日盘间，有市场传闻称多晶硅行业将进行产能整合。受此消息影响，多晶硅期货率先反 弹，盘中涨超4%。 | 3119.80 | | 昨收 | 3086.91 | | 成交额 | 344.50亿 | | --- | --- | --- | --- | --- | --- | --- | | +32.89 | +1.07% | 今开 | 3086.95 | | 成交量 | 26.41亿 | | 上涨 | 61 | 777 | | 4 | 下跌 | 31 | | 最高价 | 3119.93 | 而智容 | -87.5 | | 近20日 | 8.77% | | 最低价 | 3058.2 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300850 | 新强联 | 33.38 | -2.08% | 13.33万 | | 4.46 Z | | 002487 | 大全車工 | 31.76 | -1.52% | 9.59万 | | 3.05亿 | | 300772 | 运达股份 | 12.89 | -1.38% | 15.89万 | | 2.03亿 | | 300185 | 通裕重丁 | 2.88 | -1.37% | 85.89万 | | 2.47亿 | | 300904 | 威力传动 | 53.84 | -1.14% | 1.67万 | | 9117.45万 | | 300690 | 双一科技 | 25.13 | -1.02% | 7.58万 | | 1.91亿 | | 300443 | 金雷股份 | 21.73 | -1.00% | 9.03万 | | 1.95亿 | | 601615 | 明阳智能 | 11.58 | -0.69% | 17.47万 | | 2. ...

Investment Rating - The industry investment rating is "Leading the Market," indicating that it is expected to outperform the relevant market index by more than 10% over the next 6-12 months [8]. Core Insights - The domestic computing power market is expected to continue its robust growth, driven by advancements in AI technology and the development of new energy systems [6]. - AI technology is rapidly advancing from parameter competition to practical applications, enhancing productivity and reducing operational costs across various sectors [2][5]. - The integration of AI in content generation and marketing is becoming widespread, significantly improving efficiency and effectiveness [3]. Summary by Sections AI Computing Power - Domestic computing power chips are being released, with significant performance improvements, such as Huawei's CloudMatrix384 AI super node achieving 300 pFLOPS and enhancing inference throughput to 2300 tokens per second [1]. - The super node supports mixed expert models and can flexibly allocate resources, improving task parallel processing and increasing effective utilization of computing power by over 50% [1]. Energy Management Challenges - Data centers face challenges in power supply stability, cost control, and carbon emission management, with electricity costs accounting for nearly 60% of operational expenses [1]. - A shift towards a more flexible energy management model that integrates power supply, distribution, computing, and cooling is necessary to meet modern data center demands [1]. New Energy Trends - The report emphasizes the importance of incorporating renewable energy sources like solar and wind power into the electricity supply to enhance stability and reduce costs and emissions [1]. - It highlights the need to explore load flexibility on the demand side to optimize energy use and balance supply and demand [1]. AI Applications and Market Growth - The global AI market is expanding, with companies like Keguan achieving operational profitability through AI models [2]. - The report notes the potential for new consumer scenarios driven by advancements in robotics, VR, and smart driving technologies [5]. Investment Recommendations - The report suggests focusing on companies involved in the domestic computing power supply chain and those with relevant technological reserves, such as Cambrian, Haiguang Information, and others [6]. - It also recommends monitoring companies in the AI application space, including BlueFocus, Tencent, and Bilibili, among others [6].

Core Viewpoint - The data center power supply sector experienced significant movement, with Hewei Electric hitting the daily limit, indicating strong investor interest and potential growth in this area [1] Group 1: Market Trends - The report from Minsheng Securities forecasts that the global AI market is expected to grow at a compound annual growth rate (CAGR) of over 35% from 2023 to 2030, highlighting a robust growth trajectory for related sectors [1] - The SST solution is applicable for direct current (DC) power scenarios in microgrids, enabling a direct conversion from grid power to 800V DC supply, which may enhance efficiency and reliability in power distribution [1] Group 2: Company Performance - Hewei Electric reached its daily limit, indicating strong market performance and investor confidence in the company's prospects within the data center power supply segment [1] - Other companies such as Zhongheng Electric, Shenghong Co., Keda, Tonghe Technology, and Magmi Tech also saw increases, suggesting a broader positive sentiment in the sector [1]

Investment Rating - The report maintains a "Recommended" rating for the power equipment sector [9]. Core Insights - Google's Q2 2025 financial results exceeded market expectations, with revenue reaching $96.4 billion (up 14% year-on-year) and net profit at $28.2 billion (up 19% year-on-year), driven by strong performance in Google Cloud and AI-driven advertising [5][6]. - The report highlights a significant increase in Google's capital expenditure, raised from $75 billion to $85 billion, a 13.3% increase, primarily for AI server procurement and data center construction [5]. - The AI product penetration rate is surging, with Gemini monthly active users exceeding 450 million and AI search features reaching over 2 billion users, contributing to a search query growth of over 10% [6]. - TSMC reported a record Q2 2025 revenue of NT$933.8 billion (up 39% year-on-year) and a net profit of NT$398.3 billion (up 61% year-on-year), driven by the demand for AI chips [7]. - The WAIC 2025 event in Shanghai showcased over 800 participating companies and is expected to further catalyze the domestic computing power sector [8]. Summary by Sections Financial Performance - Google's Q2 2025 revenue was $96.4 billion, with a net profit of $28.2 billion, surpassing analyst expectations [4]. - TSMC's Q2 2025 revenue reached NT$933.8 billion, with a net profit of NT$398.3 billion, both setting historical highs [7]. Capital Expenditure - Google increased its annual capital expenditure from $75 billion to $85 billion, focusing on AI infrastructure [5]. - TSMC raised its full-year revenue growth guidance to 30% due to surging demand for AI chips [7]. AI and Cloud Services - Google Cloud's annualized revenue surpassed $50 billion, with an operating profit margin of 20.7% [5]. - The AI ecosystem is experiencing robust demand, with significant growth in both cloud services and AI-driven advertising [6]. Investment Recommendations - The report suggests focusing on companies within the AIDC sector, particularly Weichai Heavy Machinery, and highlights opportunities in HVDC and server power supply segments [9].

Investment Rating - The investment rating for the wind power industry is "Outperform the Market" (maintained rating) [1] Core Viewpoints - The offshore wind sector is expected to see significant project launches in Jiangsu and Guangdong in the first half of 2025, marking the beginning of a new era for state-managed offshore wind development. The average annual installed capacity for offshore wind during the 14th Five-Year Plan period is projected to exceed 20GW, significantly surpassing the previous plan's levels. Onshore wind installations are anticipated to reach a historical high of 100GW in 2025, with component manufacturers experiencing simultaneous volume and price increases, leading to substantial annual performance growth. The domestic manufacturing profitability of main engine companies is expected to recover in the third quarter as orders are delivered following price increases, and the export of Chinese wind turbines is gaining momentum, with new orders expected to maintain high growth in 2025-2026, providing further profit elasticity [4][5]. Summary by Sections Industry News - Recent performance in the wind power sector has shown a divergence, with the top three performing segments being bearings (+12.1%), blades (+6.8%), and submarine cables (+2.0%). The top three individual stocks over the past two weeks include Changsheng Bearings (+37.5%), Zhongcai Technology (+14.9%), and Wuzhou Xinchun (+9.8%) [3]. Market Data - As of 2025, the cumulative public bidding capacity for wind turbines nationwide is 43.7GW (-13%), with onshore wind turbine bidding capacity at 40.1GW (-12%) and offshore wind turbine capacity at 3.7GW (-18%). The average winning bid price for onshore wind turbines (excluding towers) in 2025 is 1,531 CNY/kW. In 2024, the total public bidding capacity is projected to be 107.4GW (+61%) [7][8]. Investment Recommendations - Three key areas for investment focus are suggested: 1) Leading companies in export layouts for pile foundations and submarine cables; 2) Domestic main engine leaders with bottoming profits and accelerating exports; 3) Component manufacturers with opportunities for simultaneous volume and profit growth in 2025. Recommended companies include Goldwind Technology, Oriental Cable, Guangda Special Materials, Zhongji United, Dajin Heavy Industry, Riyue Co., Times New Materials, Hewei Electric, and Jinlei Co. [5]

Meeting Overview - The first extraordinary general meeting of shareholders was held on July 25, 2025, at the company's office in Shenzhen [2] - The meeting was convened by the board of directors and chaired by Chairman Han Yu [3] Attendance - All 5 serving directors attended the meeting, with some participating via telecommunication due to work commitments [4] - All 3 serving supervisors were present, with some also attending via telecommunication [4] Voting and Resolutions - A significant resolution regarding the subsidiary's financing lease business and provision of guarantees was passed with over two-thirds approval from the voting shareholders [5] - The voting method combined on-site and online participation, complying with legal and regulatory requirements [3][6] Legal Verification - The meeting was witnessed by Beijing Junzejun (Shenzhen) Law Firm, confirming that the meeting's procedures and voting results were lawful and valid [6]

证券代码：603063 证券简称：禾望电气 公告编号：2025-069 深圳市禾望电气股份有限公司 2025年第一次临时股东会决议公告 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法律责任。 重要内容提示： (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情 况： | 1、出席会议的股东和代理人人数 | 700 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 111,063,542 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 24.4789 | 注：有表决权股份总数不包含公司回购专户账户中的股份。 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情 况等。 本次股东会由公司董事会召集，由董事长韩玉先生主持。会议采用现场投票 和网络投票相结合的方式进行表决。会议的召集、召开程序、出席会议人员资格 及表决程序符合《公司法》及《公司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 本次会议是否有否决议案：无 一、 ...

s IT 塞 不 折 n Law Offices 中国广东省深圳市福田区金田路 4028 号荣超经贸中心 28、29 层 邮政编码: 518035 28&29 Floor, Landmark, No.4028 Jintian Road, Futian District, Shenzhen 518035, P.R.C. Tel: 0755-33988188 Fax: 0755-33988199 http://www.junzejun.com 北京市君泽君(深圳) 律师事务所 关于深圳市禾望电气股份有限公司 2025年第一次临时股东会的 法律意见书 致:深圳市禾望电气股份有限公司 深圳市禾望电气股份有限公司(以下简称公司)2025年第一次临时股东会(以 下简称本次股东会)采取现场表决与网络投票相结合的方式召开,其中现场会议于 2025年7月25日在深圳市南山区西丽官龙村第二工业区11栋公司二楼会议室召开。 北京市君泽君(深圳) 律师事务所(以下简称本所) 接受公司聘任,指派本所律师 参加本次股东会现场会议,并根据《中华人民共和国公司法》《中华人民共和国证 券法》(以下简称《证券法》、《上市公司股东会规则》(以下简 ...