Core Insights - The electric control busbar is a key component for efficient transmission and distribution of electrical energy and signals, primarily made from metals like copper and aluminum, offering advantages such as high current carrying capacity, excellent heat dissipation, and compact structure [1][2][3] - The global market for electric control busbars is projected to reach $3.37 billion in 2024 and $3.99 billion in 2025, with over half of the demand driven by the electric vehicle sector [1][9][10] Industry Overview - The electric control busbar, also known as busbar or busway, is designed to facilitate efficient energy and signal transmission among various components in electrical and electronic systems [2] - The industry is characterized by a clear and tightly coordinated supply chain in China, with upstream relying on stable copper production, midstream focusing on manufacturing, and downstream driven by demand from electric vehicles and smart grids [6][7] Market Dynamics - The demand for electric control busbars is significantly influenced by the rapid growth of the electric vehicle market, with annual production and sales growth rates exceeding 30% from 2020 to 2024 [7][10] - The electric power sector, including smart grids and renewable energy sources, is another core application area for electric control busbars, with increasing investments in power and grid projects [7][8] Competitive Landscape - The industry exhibits a "pyramid" competitive structure, with foreign companies dominating the high-end market while domestic leaders like Zhengtai Electric and Xidian New Energy focus on mainstream applications [11][12] - A number of small and medium-sized enterprises are carving out niches in specialized markets, contributing to the overall ecosystem [11] Future Trends - The electric control busbar industry is expected to evolve towards higher voltage, integration, and intelligence, adapting to the needs of the 800V platform for electric vehicles [13][14] - Material innovation and advanced manufacturing processes will drive industry upgrades, with a focus on lightweight and high-performance materials [14] - The application landscape is broadening beyond electric vehicles to include energy storage, data centers, and industrial automation, supported by favorable policies and market dynamics [15]

天眼查App显示，近日，扬中联利电气有限公司成立，法定代表人为王林，注册资本10万人民币，经营 范围为许可项目：电气安装服务；建设工程施工（依法须经批准的项目，经相关部门批准后方可开展经 营活动，具体经营项目以审批结果为准）一般项目：配电开关控制设备制造；配电开关控制设备销售； 输配电及控制设备制造；智能输配电及控制设备销售；电器辅件制造；电器辅件销售；机械电气设备制 造；机械电气设备销售；电力设施器材制造；电力设施器材销售；电力电子元器件制造；电力电子元器 件销售；金属结构制造；金属结构销售；建筑装饰、水暖管道零件及其他建筑用金属制品制造；金属制 品销售；照明器具制造；照明器具销售；五金产品零售；塑料制品销售；交通及公共管理用标牌销售； 防火封堵材料销售；销售代理；劳务服务（不含劳务派遣）；技术服务、技术开发、技术咨询、技术交 流、技术转让、技术推广（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，扬中市怡勤电气有限公司成立，法定代表人为姚彩芹，注册资本1万人民币， 经营范围为许可项目：电气安装服务（依法须经批准的项目，经相关部门批准后方可开展经营活动，具 体经营项目以审批结果为准）一般项目：配电开关控制设备销售；机械电气设备销售；电气设备销售； 工业自动控制系统装置销售；数字技术服务；技术服务、技术开发、技术咨询、技术交流、技术转让、 技术推广；科技中介服务；人力资源服务（不含职业中介活动、劳务派遣服务）；劳务服务（不含劳务 派遣）（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - The company has approved a proposal to apply for a merger loan and pledge equity of its subsidiary, Shenzhen Jiayang Battery Co., Ltd., to enhance capital efficiency and support its long-term development plan [1][9][14]. Summary by Sections Overview of the Situation - On September 25, 2024, the company approved the cash acquisition of 60% equity in Shenzhen Jiayang Battery Co., Ltd. for a total of RMB 14,825 million [1]. - The acquisition involved purchasing 593,000 RMB (59.3% equity) from Zhang Hua and 7,000 RMB (0.7% equity) from Hou Xianlu [1]. Loan Application Details - On November 24, 2025, the company’s board approved a proposal to apply for a merger loan of RMB 90 million from China Bank, pledging 60% equity in Jiayang Battery as collateral [2][14]. - The loan is intended to finance the acquisition of Jiayang Battery or to replace previously paid acquisition costs [2][14]. - The loan amount is within the approved financing limit of RMB 150 million for the year [3]. Basic Information of the Pledged Company - Company Name: Shenzhen Jiayang Battery Co., Ltd. - Unified Social Credit Code: 914403007917238374 - Registered Capital: RMB 10 million - Type: Other joint-stock company (non-listed) [3][4]. Loan Terms - Loan Amount: RMB 90 million [5]. - Loan Term: 84 months [6]. - Interest Rate: Floating rate [6]. - Guarantee Method: Pledge of 60% equity in Jiayang Battery [7]. Impact on the Company - The merger loan application is based on the company's current operational and cash flow conditions, aimed at improving capital efficiency [9][14]. - The company is in good operational condition and has a strong debt repayment capability, indicating that the loan will not pose significant financial risks [9][14].

Overview - The company, Shenzhen HeKeDa Precision Cleaning Equipment Co., Ltd., has announced a guarantee for its subsidiary, Shenzhen HeKeDa Precision Components Co., Ltd., with a total guarantee limit of up to 31 million yuan, of which 6 million yuan is specifically allocated for the subsidiary [1][9]. Guarantee Details - The company will provide a joint liability guarantee for the subsidiary's debt to Guangzhou Wanbao Enamelled Wire Co., Ltd. under a sales contract, with a maximum guarantee amount of 1.5 million yuan [3][7]. - The guarantee period is set for two years from the maturity date of the main contract [8]. Financial Situation - The subsidiary has an asset-liability ratio exceeding 70%, indicating potential financial risk [1]. - As of the latest audited financial statement on December 31, 2024, the total external guarantee amount provided by the company and its subsidiaries is 6.5 million yuan, which accounts for 28.97% of the company's net assets [9]. Company Structure - Shenzhen HeKeDa Precision Components Co., Ltd. was established on July 5, 2023, with a registered capital of 50 million yuan [4]. - The company is primarily engaged in the manufacturing and sales of various electronic and electrical components, as well as providing technology services [4]. Board Approval - The guarantee has been approved by the company's board of directors and the first extraordinary general meeting of shareholders in 2025, ensuring compliance with relevant regulations [9].

Group 1 - The company held its 13th meeting of the 11th Board of Directors on November 24, 2025, with all 8 directors participating, ensuring compliance with legal and regulatory requirements [2][4] - The Board approved a proposal to authorize the management to initiate the process for issuing H-shares and listing on the Hong Kong Stock Exchange, aiming to enhance the company's international strategy and brand image [3][26] - The company plans to discuss specific details of the H-share listing with relevant intermediaries, with no details finalized yet [3][26] Group 2 - The company announced its participation in the Shanghai Lingzhi New Venture Capital Partnership, committing 20 million RMB, which represents 15.38% of the total subscribed capital [7][8] - The partnership aims to invest in innovative companies within the embodied intelligence industry, focusing on key components and software systems related to robotics [18][24] - The partnership's operational duration is set for 10 years, with an investment period of 5 years [8][21]

每经头条（nbdtoutiao）——大鹏工业战略配售"肥"了自家人！认购价9元，上市首日涨到118元，实控 人和亲哥哥凭配售一天浮盈2492万元 （记者 曾健辉） 每经AI快讯，伊戈尔（SZ 002922，收盘价：26.55元）11月24日晚间发布公告称，截至本公告日，麦格 斯累计质押股数约为5101万股，占其所持股份比例为41.53%。肖俊承累计质押股数约为311万股，占其 所持股份比例为26.83%。 2025年1至6月份，伊戈尔的营业收入构成为：电气机械和器材制造业占比98.95%，其他业务占比 1.05%。 截至发稿，伊戈尔市值为112亿元。 ...

每经头条（nbdtoutiao）——大鹏工业战略配售"肥"了自家人！认购价9元，上市首日涨到118元，实控 人和亲哥哥凭配售一天浮盈2492万元 （记者 曾健辉） 2025年1至6月份，伊戈尔的营业收入构成为：电气机械和器材制造业占比98.95%，其他业务占比 1.05%。 截至发稿，伊戈尔市值为112亿元。 每经AI快讯，伊戈尔（SZ 002922，收盘价：26.55元）11月24日晚间发布公告称，截至本公告披露日， 公司对合并报表范围内的子公司及子公司之间提供的担保余额为25.82亿元，占公司最近一期经审计归 属上市公司股东净资产的80.6%，其中公司对子公司的担保余额为21.22亿元，子公司之间相互担保形成 的担保余额为4.6亿元。 ...

截至发稿，伊戈尔市值为112亿元。 每经头条（nbdtoutiao）——大鹏工业战略配售"肥"了自家人！认购价9元，上市首日涨到118元，实控 人和亲哥哥凭配售一天浮盈2492万元 （记者 曾健辉） 每经AI快讯，伊戈尔（SZ 002922，收盘价：26.55元）11月24日晚间发布公告称，公司第七届第二次董 事会会议于2025年11月24日在公司会议室以现场与通讯相结合方式召开。会议审议了《关于确定公司董 事角色的议案》等文件。 2025年1至6月份，伊戈尔的营业收入构成为：电气机械和器材制造业占比98.95%，其他业务占比 1.05%。 ...

智通财经APP讯，伊戈尔(002922.SZ)发布公告，为进一步推进公司国际化战略、提升公司国际形象及综 合竞争力，公司拟发行境外上市股份(H股)并申请在香港联合交易所有限公司(简称"香港联交所")主板挂 牌上市。公司将充分考虑现有股东利益及境内外资本市场情况，在股东会决议有效期内择机完成本次发 行上市。 ...