Core Points - JinkoSolar Holding Co., Ltd. and Zhejiang JinkoSolar Co., Ltd. have obtained a patent for "a solar cell, stacked cell, and photovoltaic module" with authorization number CN119604086B, applied on December 2024 [1] Company Overview - JinkoSolar Holding Co., Ltd. was established in 2006 and is located in Shangrao City, primarily engaged in the manufacturing of electrical machinery and equipment. The registered capital is approximately 1,000.52 million RMB [1] - JinkoSolar Holding Co., Ltd. has invested in 53 companies, participated in 1,631 bidding projects, holds 748 trademark records, and has 2,855 patent records, along with 70 administrative licenses [1] Zhejiang JinkoSolar Co., Ltd. Overview - Zhejiang JinkoSolar Co., Ltd. was also established in 2006 and is located in Jiaxing City, focusing on the manufacturing of electrical machinery and equipment. The registered capital is approximately 271.43 million RMB [1] - Zhejiang JinkoSolar Co., Ltd. has invested in 9 companies, participated in 96 bidding projects, holds 2,625 patent records, and has 35 administrative licenses [1]

Core Insights - The cable and wire industry is a foundational sector of the national economy, supporting efficient operations in power transmission and communication [1] - The cable junction box industry is experiencing robust growth, with market size expected to reach 257 billion yuan in 2024 and surpass 280 billion yuan in 2025, driven primarily by photovoltaic junction boxes [1][7] Industry Overview - The cable junction box is an electrical accessory used for connecting, branching, and terminating cables, designed to ensure safe and reliable electrical connections while providing insulation and protection [2][5] - The industry is characterized by diverse classifications based on installation environment, material, and functionality, catering to various electrical connection needs [3][4] Current Development Status - The cable and wire industry in China is projected to grow at a compound annual growth rate (CAGR) of 6.28% from 2018 to 2024, with production increasing from 45.32 million kilometers to 65.31 million kilometers [6] - The market size of the cable and wire industry is expected to expand from 1.08 trillion yuan in 2020 to 1.35 trillion yuan in 2024, with a forecast to exceed 1.41 trillion yuan by 2025 [6][7] Industry Chain Analysis - The upstream of the cable junction box industry focuses on materials like copper, aluminum, and engineering plastics, with fluctuations in copper prices significantly impacting costs [8] - The midstream consists of manufacturing enterprises primarily located in regions like the Yangtze River Delta and the Pearl River Delta, with a low industry concentration and ongoing improvements in production efficiency [8] Application Market - The downstream application market for cable junction boxes is diverse, with the power system being the dominant demand source, followed by stable contributions from construction and industrial manufacturing [9][10] - The rapid growth of distributed photovoltaic installations is driving demand for specialized junction boxes, particularly those with high corrosion resistance and intelligent monitoring capabilities [10][11] Competitive Landscape - The competitive landscape of the cable junction box industry is characterized by a mix of leading domestic companies, foreign firms focusing on high-end markets, and numerous specialized small and medium-sized enterprises [12] - Major domestic players like Zhongtian Technology, Chint Electric, and Hengtong Optic-Electric are enhancing their market positions through technological investments and industry integration [12] Future Development Trends - The industry is expected to evolve towards smart, high-end, and specialized products, with a focus on integrating intelligent features and innovative materials [13] - Market concentration is anticipated to increase, with leading companies gaining more market share while smaller firms focus on niche segments [14] - The expansion of high-value application scenarios and globalization efforts will drive industry growth, with a shift towards comprehensive solution offerings [15]

天眼查App显示，近日，蚌埠连升电气有限公司成立，法定代表人为韦巧凤，注册资本10万人民币，经 营范围为一般经营项目：配电开关控制设备制造；配电开关控制设备销售；电力电子元器件制造；电力 电子元器件销售；机械电气设备销售；仪器仪表制造；仪器仪表销售；电线、电缆经营；机械零件、零 部件销售；气压动力机械及元件销售；五金产品批发；五金产品零售；金属工具销售；金属材料销售； 照明器具销售；电器辅件销售；家用电器零配件销售；电气信号设备装置销售；润滑油销售；电工器材 销售；信息咨询服务（不含许可类信息咨询服务）；技术服务、技术开发、技术咨询、技术交流、技术 转让、技术推广；货物进出口；技术进出口；互联网销售（除销售需要许可的商品）（除许可业务外， 可自主依法经营法律法规非禁止或限制的项目）。 ...

Core Viewpoint - The actual controller of Huafeng Co., Ltd. will change to Chen Yun, following an agreement for the transfer of shares from the current controller Tan Guoying [2][3][5]. Group 1: Share Transfer Agreement - Tan Guoying will transfer a total of 34 million shares (16.00% of the total share capital) to Chen Yun, with an initial transfer of 10.7 million shares (5.04%) at a price of 15 CNY per share, totaling approximately 161 million CNY [5]. - A voting rights entrustment agreement was also signed, allowing Chen Yun to exercise voting rights for the remaining 32.1 million shares (15.11%) held by Tan Guoying during the transfer period [5]. Group 2: Background of Chen Yun - Chen Yun is not a newcomer to the capital market; he is a co-founder of listed companies Helitai and Sanlipu, and currently serves as the founder, chairman, and general manager of Shengbaolai Optoelectronics Technology Co., Ltd., holding 60% of its shares [5][7]. Group 3: Business Overview of Huafeng Co., Ltd. - Huafeng Co., Ltd. primarily focuses on the research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the research and production of electrode foils [8]. - The company's revenue has shown an overall growth trend from 440 million CNY to 1.031 billion CNY from 2022 to 2024, although the net profit has been unstable, with figures of -9.61 million CNY, -32.4 million CNY, and 85.48 million CNY for the respective years [8]. Group 4: Recent Performance - In the first three quarters of 2025, Huafeng Co., Ltd. reported revenue of 862 million CNY, an increase of 18.75% year-on-year, but a net loss of -9.93 million CNY, a decline of 288.93% year-on-year [9]. - The revenue growth was attributed to a 60% increase in new energy vehicle business income, while the decrease in net profit was due to lower sales prices and reduced gross margins [9]. Group 5: Market Position - As of November 21, Huafeng Co., Ltd. was trading at 13.22 CNY per share, with a total market capitalization of 2.809 billion CNY [10].

Core Viewpoint - Huafeng Co., Ltd. will undergo a change in its actual controller to Chen Yun, following an agreement for the transfer of shares from the current controller Tan Guoying [1][2]. Share Transfer Details - Tan Guoying will transfer a total of 34 million shares (16.00% of total shares) to Chen Yun, with an initial transfer of 10.7 million shares (5.04%) at a price of 15 CNY per share, totaling approximately 161 million CNY [1]. - A voting rights entrustment agreement was also signed, allowing Chen Yun to exercise the voting rights of the remaining 32.1 million shares (15.11%) held by Tan Guoying [1]. Company Background - Chen Yun is not new to the capital market; he is a co-founder of listed companies Helitai and Sanlipu, and currently serves as the founder and CEO of Shengbaolai Optoelectronics Technology Co., Ltd., holding 60% of its shares [2][3]. - Huafeng Co., Ltd. primarily focuses on the research, production, and sales of electric control and drive systems for new energy vehicles, as well as electrode foil [4]. Financial Performance - Huafeng Co., Ltd. has shown fluctuating financial performance, with revenue increasing from 440 million CNY to 1.031 billion CNY from 2022 to 2024, but with unstable net profits [4]. - The company reported revenues of 658 million CNY, 719 million CNY, and 1.031 billion CNY for 2022, 2023, and 2024 respectively, with net profits of -9.61 million CNY, -32.4 million CNY, and 85.48 million CNY [4]. - In the first three quarters of 2025, Huafeng Co., Ltd. achieved revenues of 862 million CNY, an increase of 18.75% year-on-year, but reported a net loss of -9.93 million CNY, a decline of 288.93% [7].

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Zero Boundary Integrated Circuit Co., Ltd. for a method and device for adjusting baud rate, with the patent number CN119788241B and application date of December 2024 [1] - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB [1] - The company has invested in 100 enterprises, participated in 5,000 bidding projects, and holds 5,000 trademark and patent information records, along with 908 administrative licenses [1] Group 2 - Zhuhai Zero Boundary Integrated Circuit Co., Ltd. was established in 2018, also located in Zhuhai City, focusing on research and experimental development, with a registered capital of 1,000 million RMB [1] - The company has participated in 3 bidding projects and holds 514 patent information records, along with 8 administrative licenses [1]

中国三峡建工（集团）有限公司，成立于1992年，位于北京市，是一家以从事土木工程建筑业为主的企 业。企业注册资本200000万人民币。通过天眼查大数据分析，中国三峡建工（集团）有限公司共对外投 资了21家企业，参与招投标项目2198次，财产线索方面有商标信息15条，专利信息1390条，此外企业还 拥有行政许可2个。 国家知识产权局信息显示，西安西电开关电气有限公司、中国三峡建工（集团）有限公司取得一项名 为"一种自能灭弧室"的专利，授权公告号CN114864331B，申请日期为2022年6月。 天眼查资料显示，西安西电开关电气有限公司，成立于2001年，位于西安市，是一家以从事电气机械和 器材制造业为主的企业。企业注册资本133918万人民币。通过天眼查大数据分析，西安西电开关电气有 限公司共对外投资了7家企业，参与招投标项目5000次，专利信息412条，此外企业还拥有行政许可70 个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

来源：市场资讯 湖南三一港口设备有限公司，成立于2014年，位于长沙市，是一家以从事专用设备制造业为主的企业。 企业注册资本1318万人民币。通过天眼查大数据分析，湖南三一港口设备有限公司共对外投资了5家企 业，参与招投标项目182次，专利信息188条，此外企业还拥有行政许可95个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，三一海洋重工有限公司、湖南三一港口设备有限公司取得一项名为"势能回 收方法、系统和工程机械"的专利，授权公告号CN115727040B，申请日期为2022年10月。 天眼查资料显示，三一海洋重工有限公司，成立于2011年，位于珠海市，是一家以从事电气机械和器材 制造业为主的企业。企业注册资本71318万人民币。通过天眼查大数据分析，三一海洋重工有限公司共 对外投资了4家企业，参与招投标项目5000次，财产线索方面有商标信息5条，专利信息1092条，此外企 业还拥有行政许可266个。 ...

Core Viewpoint - A new individual business named "Wugong Electric Equipment Operation Department" has been established in Panzhihua City, with a registered capital of 50,000 RMB, focusing on various electrical equipment services and sales [1] Company Summary - The legal representative of the newly established business is Wu Qinghua [1] - The business scope includes general projects such as electrical equipment repair, sales, manufacturing of mechanical and electrical equipment, and sales of distribution switch control equipment [1] - Additional activities include the sale of instruments and meters, charging piles, and electronic special equipment [1]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，佛山市顺德海尔电器有限公司取得一项名为"一种传动机构"的专利，授权公 告号CN111981095B，申请日期为2019年5月。 天眼查资料显示，佛山市顺德海尔电器有限公司，成立于2004年，位于佛山市，是一家以从事电气机械 和器材制造业为主的企业。企业注册资本4880万人民币。通过天眼查大数据分析，佛山市顺德海尔电器 有限公司参与招投标项目353次，专利信息258条，此外企业还拥有行政许可39个。 本文源自：市场资讯 作者：情报员 ...