中电科蓝天科技股份有限公司 首次公开发行股票科创板 上市公告书提示性公告 保荐人（主承销商）：中信建投证券股份有限公司 联席主承销商：国泰海通证券股份有限公司 扫描二维码查阅公告全文 本公司及全体董事、高级管理人员保证信息披露的内容真实、准确、完整、 及时，没有虚假记载、误导性陈述或重大遗漏。 经上海证券交易所审核同意，中电科蓝天科技股份有限公司（以下简称"电 科蓝天""公司""本公司"或"发行人"）发行的人民币普通股股票将于 2026 年 2 月 10 日在上海证券交易所科创板上市，上市公告书全文和首次公开发行股票 的招股说明书在上海证券交易所网站（http://www.sse.com.cn/）和符合中国证监 会 规 定 条 件 网 站 （ 中 证 网 ， https://www.cs.com.cn/ ； 中 国 证 券 网 ， https://www.cnstock.com/；证券时报网，https://www.stcn.com/；证券日报网， http://www.zqrb.cn/ ； 经 济 参 考 网 ， http://www.jjckb.cn/ ； 金 融 时 报 网 ： https://www. ...

（天津市滨海高新技术产业开发区华科七路 6 号） 首次公开发行股票科创板上市公告书 保荐人（主承销商） 股票简称：电科蓝天 股票代码：688818 中电科蓝天科技股份有限公司 （北京市朝阳区安立路 66 号 4 号楼） 联席主承销商 （中国（上海）自由贸易试验区商城路 618 号） 二〇二六年二月九日 中电科蓝天科技股份有限公司 上市公告书 特别提示 中电科蓝天科技股份有限公司（以下简称"电科蓝天""发行人""公司""本 公司"）股票将于 2026 年 2 月 10 日在上海证券交易所科创板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在 新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 1 中电科蓝天科技股份有限公司 上市公告书 第一节 重要声明与提示 一、重要声明与提示 本公司及全体董事、高级管理人员保证上市公告书所披露信息的真实、准 确、完整，承诺上市公告书不存在虚假记载、误导性陈述或者重大遗漏，并依 法承担法律责任。 上海证券交易所、有关政府机关对本公司股票上市及有关事项的意见，均不 表明对本公司的任何保证。 本 公 司 提 醒 广 大 投 资 者 认 真 阅 读 刊 ...

| 序号 | 标准名称 | 标准编号 | | --- | --- | --- | | 1 | 温室气体产品碳足迹量化方法与要求 轮胎 | T/CPCIF 0391-2024 | | 2 | 温室气体 产品碳足迹量化方法与要求 合成氢 | T/CPCIF 0468-2025 | | 3 | 温室气体产品碳定迹量化方法与要求 氢 | T/CPCIF 0466-2025 | | 4 | 温室气体 产品碳足迹量化方法与要求 甲醇 | T/CPCIF 0467-2025 | | ર | 温室气体产品恢定沙量化方法与要求 己二酸己二胺盐 | T/CSPCI 70021-2025 | | 6 | 温室气体 产品碳足迹量化方法与要求 金属线材制品 | T/CISA 583-2025 | | 7 | 温室气体 产品碳足迹量化方法与要求 机制品 | T/CISA 582-2025 | | 8 | 温室气体 产品碳足迹量化方法与要求 原生镁锭 | T/CNIA 0295-2025 | | 9 | 温室气体 产品碳足迹量化方法与要求 硅多晶 | T/CNIA 0291-2024 | | 10 | 温室气体 产品碳足迹量化方法与要求 ...

Core Viewpoint - The company, China Railway Industry, has developed the world's first high-speed magnetic levitation switch capable of operating at 600 kilometers per hour, which was accepted in September 2020, marking it as the fastest high-speed maglev switch globally [2] Group 1: Technological Achievements - The company’s subsidiary, China Railway Baogao, is responsible for the research and development of the high-speed maglev switch as part of the national "863" program [2] - The company has participated in the development of four standards that have become the technical standards for the medium and low-speed maglev transportation industry [2] - The company has completed the manufacturing of the functional components for the world's first commercial operational line of the Shanghai high-speed maglev train and the overall processing of the track beams [2] Group 2: Project Involvement - The company has undertaken the manufacturing tasks for the first medium and low-speed maglev commercial operational line in China, the Changsha Maglev Express, which spans 76,760 meters [2] - The company has also produced and installed 26 sets of medium and low-speed maglev switches for the Beijing S1 line [2]

极光湾（宁波）智能科技有限公司，成立于2013年，位于宁波市，是一家以从事汽车制造业为主的企 业。企业注册资本28280万人民币。通过天眼查大数据分析，极光湾（宁波）智能科技有限公司共对外 投资了1家企业，参与招投标项目178次，专利信息947条，此外企业还拥有行政许可7个。 极光湾科技有限公司，成立于2012年，位于宁波市，是一家以从事铁路、船舶、航空航天和其他运输设 备制造业为主的企业。企业注册资本50000万人民币。通过天眼查大数据分析，极光湾科技有限公司共 对外投资了10家企业，参与招投标项目63次，财产线索方面有商标信息4条，专利信息1320条。 国家知识产权局信息显示，极光湾（义乌）传动系统有限公司、极光湾（宁波）智能科技有限公司、极 光湾科技有限公司取得一项名为"一种换挡控制方法、控制器及车辆"的专利，授权公告号 CN117145957B，申请日期为2023年8月。 天眼查资料显示，极光湾（义乌）传动系统有限公司，成立于2019年，位于金华市，是一家以从事汽车 制造业为主的企业。企业注册资本50000万人民币。通过天眼查大数据分析，极光湾（义乌）传动系统 有限公司参与招投标项目85次，专利信息2 ...

Group 1 - The State Intellectual Property Office of China has granted a patent for a construction process involving embedded grouting pipes to China Railway 11th Bureau Group Co., Ltd., China Railway 11th Bureau Group Urban Rail Engineering Co., Ltd., and China Railway 11th Bureau Wuhan Heavy Equipment Co., Ltd. The patent authorization announcement number is CN118979649B, with an application date of August 2024 [1] - China Railway 11th Bureau Group Co., Ltd. was established in 2001 and is based in Wuhan. It primarily engages in civil engineering construction, with a registered capital of 6162.382 million RMB. The company has invested in 166 enterprises and participated in 5000 bidding projects, holding 5 trademark records and 4198 patent records, along with 2645 administrative licenses [1] - China Railway 11th Bureau Group Urban Rail Engineering Co., Ltd. was founded in 2007 and is also located in Wuhan, focusing on civil engineering construction. It has a registered capital of 1010 million RMB, invested in 3 enterprises, participated in 5000 bidding projects, holds 649 patent records, and has 95 administrative licenses [1] Group 2 - China Railway 11th Bureau Wuhan Heavy Equipment Co., Ltd. was established in 2019, located in Wuhan, and specializes in manufacturing railway, shipbuilding, aerospace, and other transportation equipment. The company has a registered capital of 200 million RMB, participated in 94 bidding projects, holds 2 trademark records, 231 patent records, and has 17 administrative licenses [2]

Core Viewpoint - The article highlights the innovative development strategy of the Guichi District in Anhui Province, emphasizing the importance of technology innovation as a core engine for regional growth and the establishment of a comprehensive innovation ecosystem. Group 1: Innovation Strategy - Guichi District has implemented an innovation-driven development strategy, resulting in the number of high-tech enterprises increasing to 112, which is 2.2 times the initial count, and the number of technology-based SMEs reaching 286, growing over 5 times during the 14th Five-Year Plan period [7]. - The district's comprehensive competitiveness has improved, ranking 9th among 45 districts in the province, and it has been recognized as one of the top 10 manufacturing development districts for three consecutive years [7]. Group 2: Industry Focus - Guichi District has chosen to focus on three key areas: new materials, new energy, and high-end equipment manufacturing, rather than chasing the hottest industry trends [8]. - The copper-aluminum-magnesium new materials industry has achieved an output value of 35 billion yuan, becoming a provincial industrial cluster, while bamboo charcoal materials have successfully entered the high-end segment of sodium-ion batteries [8]. Group 3: Government Support - The district has adopted a "service-oriented" government approach, providing "accompaniment-style" growth services to enterprises, including policy guidance and financial support [9][10]. - The "免申即享" policy allows enterprises to automatically receive funds without needing to apply, resulting in 13.0868 million yuan disbursed [10]. Group 4: Agricultural Innovation - Innovation in Guichi District extends beyond industrial sectors, with agricultural companies transforming agricultural waste into valuable products, such as organic fertilizers and biopesticides [11]. - The district has seen a 10% growth in seven major agricultural specialty industries, and the "好池不贵" regional public brand has been launched to support rural revitalization [11]. Group 5: Systematic Development - Guichi District aims to create a supportive ecosystem for all innovative entities rather than focusing on a few star enterprises, fostering a "forest" effect for sustainable growth [12]. - By the end of the 14th Five-Year Plan, the district has established over 50 provincial-level platforms and 170 municipal platforms, forming a robust innovation network [12]. Group 6: Future Plans - Looking ahead, Guichi District plans to deepen the integration of innovation chains, industrial chains, financial chains, talent chains, and policy chains, with a focus on emerging industries and revitalizing traditional sectors [14]. - The district aims to attract investment and accelerate project construction to inject strong momentum into future development, emphasizing a systematic approach to innovation [14].

Financial Data and Key Metrics Changes - In Q4 2025, net sales increased by 9% to $924 million, driven by organic growth and acquisitions, despite declines in wholesale shipments across RV, Marine, and housing markets [8][21] - Adjusted Earnings Per Diluted Share was $0.84, reflecting a 62% increase year-over-year, while full-year adjusted EPS was $4.44, a 2% increase [23][24] - Free cash flow for the year was $246 million, supporting reinvestment and strategic acquisitions [8][26] - Gross margin improved to 23% in Q4 from 22.1% in the prior year, attributed to leveraging fixed costs and stronger revenues [22] Business Line Data and Key Metrics Changes - RV revenues rose by 10% to $392 million in Q4, representing 43% of consolidated sales, with content per wholesale unit increasing by 7% to $5,190 for the full year [12][22] - Marine revenues surged by 24% to $150 million, with content per wholesale powerboat unit increasing by 11% to $4,327 for the full year [14][22] - Powersports revenue increased by 39% to $109 million, driven by demand for utility-focused vehicles [16][22] - Housing revenue decreased by 5% to $272 million, with content per wholesale unit remaining flat at $6,633 [17][22] Market Data and Key Metrics Changes - RV retail unit shipments were approximately 60,100, with wholesale shipments around 75,000, indicating a seasonal dealer inventory restock [13] - Marine retail and wholesale powerboat unit shipments were estimated at 17,300 and 33,000, respectively, with dealer inventory weeks on hand estimated at 21-23 weeks [15] - The aftermarket sales increased by approximately 30% year-over-year, now representing 10% of total revenues [18][22] Company Strategy and Development Direction - The company is focused on disciplined execution, strategic capital allocation, and enhancing customer relationships to drive content gains [4][10] - Recent acquisitions, including Medallion Instrumentation Systems and Elkhart Composites, are aimed at expanding the Marine full solutions platform and enhancing product offerings [4][5] - The company is optimistic about the long-term opportunities for composites, expecting to debut further manufacturing capabilities in 2026 [6] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainty and cautious consumer behavior affecting demand across end markets [11] - The company anticipates a meaningful retail demand inflection in 2026, depending on consumer confidence and interest rate improvements [28][29] - Management expressed confidence in the company's ability to deliver sustainable, profitable growth while managing costs and maintaining a strong balance sheet [10][27] Other Important Information - The company increased its dividend by 17.5% in November, reflecting confidence in cash flows [9] - The Experience, a new virtual design and reality solution, was introduced to enhance customer collaboration and product development [19][20] Q&A Session Summary Question: Content per unit increases - Management indicated that increases in content per unit are due to a combination of larger units and market share gains [32][33] Question: Operating margin outlook - Management explained that margin expansion is driven by volume increases and effective cost management [34][35] Question: Shipment cadence expectations - Management expects disciplined inventory management to continue, with an anticipated uptick in shipments during Q2 and Q3 [40][41] Question: Cost pressures and inflation - Management noted stability in pricing across many products, with some commodity costs still fluctuating [46][47] Question: Marine revenue growth drivers - Management highlighted that most marine revenue growth came from content gains and new product development rather than acquisitions [54] Question: Powersports content per unit increases - Management confirmed that attachment rates are improving, contributing to growth in the powersports segment [63] Question: Aftermarket SKU additions - Management stated that while adding SKUs is straightforward, effective marketing is crucial for driving sales [72][73]

国轩高科：拟定增募资不超50亿元，用于动力电池等项目。 【热点】 *ST立方：公司股价已严重脱离基本面，将停牌核查。 2月5日上市公司公告精选： 青鸟消防：拟将证券简称变更为"青鸟智控"。 【并购重组】 看公告，小e抢先报！ 倍轻松：实控人马学军因涉嫌操纵证券市场被证监会立案。 倍加洁：员工持股平台及董事、高管拟合计减持不超3%股份。 中环海陆：江海机械拟减持公司不超3%股份。 【中标合同】 天汽模：筹划购买东实股份股权，2月6日起停牌。 润泽科技：筹划发行可转债购买广东润惠少数股权，6日起停牌。 健麾信息：拟7371.02万元收购博科国信38%股权，实现控股70%股权。 【经营数据】 高争民爆：2025年净利润1.97亿元，同比增加32.77%。 恒为科技：2025年净利润3493.8万元，同比增长30.13%。 【增减持】 咸亨国际：实控人之一致行动人拟减持公司不超3%股份。 内蒙一机：全资子公司签订3.48亿元铁路货车项目合同。 融发核电：全资子公司中标1.01亿元中广核工程公司项目。 东南网架：联合中标9.94亿元冰雪文化旅游产业EPC项目。 【其他】 回盛生物：拟10亿元投建新疆合成生物学智造项目。 ...

部分传统产业企业有望成为"小巨人" 今年1月，工业和信息化部发布新版《优质中小企业梯度培育管理办法》（以下简称《办法》），对专 精特新中小企业认定标准、"小巨人"企业认定标准进行了完善。 活动现场，广东省工信厅、广东省发改委、广东省科技厅评审专家曾国富以"政策解读+案例分析"的形 式，对重点"小巨人"、专精特新"小巨人"企业申报要点展开解读。 《办法》中，专精特新"小巨人"企业认定标准有较大的变化，企业主导产品的范围有所拓展。属于改造 提升传统产业、培育壮大新兴产业、布局建设未来产业，位于产业链关键环节，对提升产业链供应链韧 性和安全水平发挥重要作用的产品均可纳入。曾国富指出，这一变化将使部分传统产业企业，如矿业、 冶金、化工、轻工、纺织、机械、船舶、建筑等产业领域企业认定专精特新"小巨人"成为可能。 2月4日，广州市工业和信息化局举办全市重点专精特新"小巨人"政策宣贯活动。南都N视频记者从活动 中获悉，截至2025年底，广州市全市累计培育专精特新"小巨人"企业482家、重点"小巨人"企业74家、 专精特新中小企业7175家，专精特新企业年度营业总收入超过8000亿元，成为本市发展新质生产力的重 要力量。 曾 ...