瞭望塔财经获悉，深交所主板IPO获受理近五个月后，北京维通利电气股份有限公司（以下简称"维通利"）于11月19日更新了招股书并回复了首轮问询函。 作为一家被称为"国家专精特新小巨人"的电连接产品制造商，维通利的IPO审核历程颇为坎坷，在就在6月21日获受理后，再9月30日突然划下了一个短暂的 暂停符——审核状态变更为"中止"。这场意外中止与随后恢复的戏码，背后是市场难以察觉的财务风险。 维通利背负的有息债务正以惊人速度膨胀。从2022年的1.05亿元猛增至2025年上半年的4.56亿元，短短三年半时间激增超过4倍，远超同期营收增长。 1、二次闯关：IPO路上的隐形障碍 维通利的IPO之路并非一帆风顺。深交所信息显示，公司于2025年6月21日获得受理，7月4日进入问询阶段，却在9月30日意外"中止"。 从受理到中止，仅经历了短短三个月。 对于一家正在冲刺资本市场的企业而言，审核中止通常意味着某些问题需要进一步核实或补充材料。 在财务数据之外，公司的业务独立性也曾被监管问询。据问询函回复，公司与实控人控制的其他企业存在业务重叠的嫌疑，尽管公司坚称"不存在同业竞 争"，但这种关系的厘清需要时间检验。 债务结构的变 ...

Company Overview - The company is a high-tech enterprise specializing in the research, development, manufacturing, and sales of relays and transformers, ranking among the top in China's electronic components industry [2] - The company has established a comprehensive service system covering technology research and development, mold development, manufacturing, production, and after-sales service [2] Product Categories - The company's relay products include six main categories: general power relays, magnetic latching relays, automotive relays, new energy relays, photovoltaic relays, and signal relays, along with inductors and transformers [2] - Future focus will be on strengthening general power relays, magnetic latching relays, transformers, and magnetic materials, while maintaining profitability in automotive relays, new energy relays, and photovoltaic relays [2] Production Bases - The company has multiple production bases, including: - General power relays in Dongguan, Zhejiang, and Anhui [3] - Magnetic latching relays in Anhui [3] - Transformers and magnetic materials in Hebei [3] - High voltage DC relays, automotive relays, photovoltaic relays, and energy storage relays in Dongguan [3] - An overseas production base in Vietnam [3] Profit Margins - The general product segment has a lower gross margin, while the electric power, automotive, and new energy segments have relatively higher gross margins [3] Future Plans and Capacity Management - The company aims to enhance its capacity management system in the new energy sector, focusing on flexible production and intelligent upgrades to improve capacity utilization [4] - Future plans include: - Increasing R&D investment to strengthen core product areas and explore diversification [4] - Establishing sales companies or production bases in key overseas markets to boost international sales and market share [4] - Enhancing smart equipment design and manufacturing capabilities to adopt an automated and digital production model [4] - Integrating supply systems for key components to ensure quality and cost control [4]

证券日报网讯 11月26日晚间，卧龙电驱发布公告称，无逾期担保、无违规担保。 （文章来源：证券日报） ...

Core Viewpoint - The company has announced its decision to engage in foreign exchange hedging activities to mitigate risks associated with currency fluctuations, specifically in relation to its overseas business operations [1]. Group 1: Foreign Exchange Hedging - The company and its subsidiaries will conduct foreign exchange hedging activities to avoid adverse impacts from significant currency fluctuations [1]. - The total amount for foreign exchange hedging activities planned for 2026 will not exceed 1 billion RMB or its equivalent in foreign currency at any given time [1]. - The approved hedging activities will be conducted through banks and financial institutions that have the necessary qualifications and regulatory approvals [1]. Group 2: Corporate Governance - The proposal for the foreign exchange hedging activities was approved during the fifth temporary meeting of the company's seventh board of directors [1]. - The proposal is subject to further review and approval by the company's shareholders [1].

Core Viewpoint - Zhongli Group announced the approval of a proposal to conduct commodity derivatives trading for the year 2026, with a margin limit of up to 500 million RMB [1] Group 1 - The seventh board of Zhongli Group held its fifth temporary meeting for 2025 on November 26, where the proposal was reviewed and approved [1] - The margin for commodity derivatives trading is set at a maximum of 500 million RMB, which can be used in a rolling manner within the approval period [1]

天眼查资料显示，美的集团武汉暖通设备有限公司，成立于2020年，位于武汉市，是一家以从事零售业 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，美的集团武汉暖通设备有限公司 参与招投标项目239次，专利信息630条，此外企业还拥有行政许可23个。 来源：市场资讯 广东美的制冷设备有限公司，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85400万人民币。通过天眼查大数据分析，广东美的制冷设备有限公司共对外投资 了5家企业，参与招投标项目5000次，财产线索方面有商标信息333条，专利信息5000条，此外企业还拥 有行政许可242个。 国家知识产权局信息显示，美的集团武汉暖通设备有限公司、广东美的制冷设备有限公司取得一项名 为"喷气增焓热泵系统及其控制方法、控制器和空调器"的专利，授权公告号CN116294276B，申请日期 为2023年3月。 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。 ...

截至发稿，金杯电工市值为85亿元。 每经头条（nbdtoutiao）——国开行辟谣的"人民资产"是什么？记者实探：号称投资600元80天赚8万 元！一位投资人的女儿：劝不住她，警察都拦不住 （记者 张明双） 每经AI快讯，金杯电工（SZ 002533，收盘价：11.56元）11月26日晚间发布公告称，公司第七届第十四 次董事会临时会议于2025年11月26日在公司技术信息综合大楼501会议室召开。会议审议了《关于选举 公司第七届董事会副董事长的议案》等文件。 2025年1至6月份，金杯电工的营业收入构成为：绿色建筑应用占比30.83%，智能电网应用占比 27.85%，重大工程应用占比15.77%，新能源行业占比12.81%，装备制造行业占比9.41%。 ...

证券日报网讯九号公司11月26日在互动平台回答投资者提问时表示，就目前来看，碳酸锂价格的波动尚 未对公司产品定价产生直接影响。主要是公司在原材料价格风险方面已提前做了准备：一是通过集团化 采购优势，增强议价能力，并通过前瞻性的原材料储备，平滑采购成本；二是从业务结构上看，截至 2025年10月31日，公司今年电动两轮车销量中约20%为锂电池车型，电动滑板车和割草机器人品类的电 池成本占整机比重较低，整体业务对锂价波动的敏感度相对可控。后续，公司将持续密切跟踪原材料市 场变化，动态优化采购与库存策略，持续加强供应链的稳定与成本竞争力。 ...

麦格米特（002851）(002851.SZ)发布公告，公司于2025年11月26日收到的深圳证券交易所《关于深圳 麦格米特电气股份有限公司申请向特定对象发行股票的审核中心意见告知函》。深交所上市审核中心对 公司提交的向特定对象发行股票的申请文件进行了审核，认为公司符合发行条件、上市条件和信息披露 要求，后续深交所将按规定报中国证券监督管理委员会履行相关注册程序。 ...

Group 1 - The core viewpoint of the article highlights the growth and advancements in the company's new energy vehicle (NEV) business, which includes electric vehicle charging guns, charging stations, high-voltage wiring harnesses, high-voltage connectors, and thermal runaway protection products for power batteries, benefiting from the rapid development of the NEV industry and the company's leading position and continuous R&D innovation [2] - The company's NEV-related products have maintained a strong growth trend, with a compound annual growth rate (CAGR) exceeding 30% over the past three years [2] - The company has successfully applied its nuclear-grade (1E grade) cable accessory products in multiple domestic and international nuclear power projects, achieving a leading bid-winning rate in the industry [2] Group 2 - The company has completed the research and identification of cable accessories for nuclear power plants with an 80-year service life, filling an international gap and reaching an advanced level globally [2] - The company will comply with relevant disclosure requirements for information disclosure and encourages stakeholders to pay attention to related announcements [2]