（记者 张喜威） 每经AI快讯，有投资者在投资者互动平台提问：SST即将爆发，如同公司过去抓住青藏高原铁路机遇一 样，具有重大产业机遇的现实意义。包括麦格米特、金盘科技、四方股份在内的上市公司全力冲刺，抢 占人工智能中心供电环节，公司未来会加码、加力、加油争抢机遇吗？ 特锐德（300001.SZ）1月7日在投资者互动平台表示，SST 作为 AI 算力中心 800V HVDC 架构核心核心 环节，是堪比青藏铁路的战略性产业机遇，公司凭借 20 余年高压电力系统 + 10 余年电力电子技术积 淀，已构建110kV/220kV 高压接入 + SST 高低压一体化解决方案能力。公司依托高压与电力电子跨界融 合的差异化优势，在 SST 赛道坚定走超前技术、方案领先之路。未来也将持续以实干抢抓算力能源变 革机遇，力争在 SST 细分领域再创行业标杆！ ...

（原标题：爱科赛博大宗交易成交417.81万元，买方为机构专用席位） 据天眼查APP显示，西安爱科赛博电气股份有限公司成立于1996年01月19日，注册资本11538.5418万人 民币。（数据宝） 12月9日爱科赛博大宗交易一览 | | 成交金 成交量 | 成交价 | 相对当日 | 买方营业 | | | --- | --- | --- | --- | --- | --- | | | 额 （万 （万 | 格 | 收盘折溢 价 | 部 | 卖方营业部 | | | 股） 元） | （元） | （%） | | | | -1.00 | 8.75 417.81 | 47.75 | | 机构专用 | 国投证券股份有限公司深圳安信金融大厦证券营业 部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 爱科赛博12月9日大宗交易平台出现一笔成交，成交量8.75万股，成交金额417.81万元，大宗交易成交价 为47.75元，相对今日收盘价折价1.00%。该笔交易的买方营业部为机构专用，卖方营业部为国投证券股 份有限公司深圳安信金融大厦证券营业部。 证券时报•数据宝统计显示，爱科赛博今日收盘价为48.23元，下跌 ...

Group 1: Investor Relations and Stock Incentives - The company has completed the vesting of its 2022 restricted stock incentive plan, with the first grant and the second vesting portion listed on April 15, 2025 [2] - The company emphasizes the importance of investor management and employee incentive mechanisms, planning to develop long-term stock incentive plans based on actual development and performance goals [2][3] Group 2: AIDC Business Development - The company established a dedicated team in June 2025 to enhance its energy quality products for data centers and intelligent computing centers, focusing on new product development [3] - The company aims to become a comprehensive energy solution provider for AIDC, continuously innovating products and expanding business areas [3][4] Group 3: HVDC Product Progress - The company is actively researching HVDC technology, which is becoming a preferred power supply mode for AIDC due to its advantages in efficiency and cost [4] - The new generation of 800V HVDC systems is expected to improve system efficiency and reduce copper consumption, enhancing competitiveness in the AIDC market [4] Group 4: Energy Storage and Market Trends - North America is experiencing a power shortage, with rising electricity prices and increasing demand from data centers, making energy storage a key solution for flexibility and reliability [5] - The company plans to align its products with market needs and enhance its market share in energy storage solutions [5] Group 5: Charging Station Growth - The charging station industry is in a competitive phase, with the government aiming to build 28 million charging facilities by the end of 2027 to meet the demand of over 80 million electric vehicles [6] - The company has launched advanced charging solutions for heavy-duty electric trucks, enhancing its market position in this segment [6] Group 6: Profit Margin and Future Strategies - The company aims to maintain stable profitability across its product lines by optimizing product efficiency and enhancing high-value product ratios [7] - Future investment and acquisition plans will focus on core areas such as power quality, energy storage, and charging stations, with a strategic approach to enhance competitiveness [7]

Investment Rating - The report maintains a "Buy-B" rating for the company [3][6]. Core Views - The company has launched two 800VDC solutions aimed at both new constructions and retrofitting existing data centers, which are expected to drive future growth [4][5]. - The 800VDC solutions can enhance system efficiency to a maximum of 98.5% and significantly reduce copper usage by over 45% [5]. - The company is positioned as a leader in the HVDC sector in China, with ongoing expansion into overseas markets through its Singapore subsidiary [5]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 1.42 billion yuan, a year-on-year increase of 20.3%, while net profit was 70 million yuan, down 15.6% year-on-year [5]. - In Q3 2025 alone, the company reported revenue of 530 million yuan, a 32.0% increase year-on-year, and a net profit of 30 million yuan, up 39.7% year-on-year [5]. - The projected earnings per share (EPS) for 2025-2027 are 0.27, 0.62, and 0.92 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 85.9, 37.1, and 24.9 [6][8]. Revenue and Profit Forecast - The company’s revenue is expected to grow from 1.96 billion yuan in 2024 to 5.35 billion yuan in 2027, reflecting a compound annual growth rate (CAGR) of 45.3% [8][13]. - Net profit is projected to increase from 110 million yuan in 2024 to 519 million yuan in 2027, indicating a strong growth trajectory [8][13]. Key Financial Ratios - The report highlights a projected return on equity (ROE) of 15.9% by 2027, up from 1.8% in 2023 [11][14]. - The gross margin is expected to stabilize around 29.9% by 2027, with net margins improving to 9.7% [11][14].

Group 1 - The company has launched string PCS products in power ranges of 125kW, 215kW, and 430kW [2] - These products support voltage levels of 1000V and 1500V [2] - Some of the products have already passed national standard certification testing, and related projects are ongoing [2]

格隆汇11月13日丨爱科赛博(688719.SH)公布，公司于2025年11月13日收到股东达晨创通、达晨创鸿出 具的《关于股份减持计划的告知函》，因经营发展需要，现达晨创通及达晨创鸿拟自本公告披露之日起 15个交易日后的3个月内通过集中竞价或大宗交易的方式减持其所持有的公司股份合计不超过2,307,708 股（若减持期间内公司有送股、资本公积金转增股本等股份变动股本除权、除息事项，则对该数量进行 相应调整，并在相关公告中予以说明），即不超过公司总股本的2.00%，其中达晨创通拟自本公告披露 之日起15个交易日后的3个月内通过集中竞价减持公司股份不超过1,153,854股，通过大宗交易减持公司 股份不超过1,849,150股，合计减持公司股份不超过1,849,150股；达晨创鸿拟自本公告披露之日起15个交 易日后的3个月内通过集中竞价减持公司股份不超过458,558股，通过大宗交易减持公司股份不超过 458,558股，合计减持公司股份不超过458,558股。 公司于2025年11月13日收到股东集成电路基金出具的《关于股份减持计划的告知函》，因经营发展需 要，现集成电路基金拟自本公告披露之日起15个交易日后的 ...

Summary of Key Points Core Viewpoint - The announcement from Shenghong Co., Ltd. indicates that specific shareholders plan to reduce their holdings through various methods, which may impact the company's stock performance in the near future [1] Shareholder Reduction Plans - Shareholder Xiao Xueli holds 10.0762 million shares, accounting for 3.2291% of the total shares, and intends to reduce holdings by up to 8.512 million shares, representing 2.7278% [1] - Director and Deputy General Manager Wei Xiaoliang holds 2.3201 million shares, or 0.7435%, and plans to reduce holdings by up to 230,000 shares, which is 0.0737% [1] - Director, Deputy General Manager, and Chief Financial Officer Yang Liu holds 119,700 shares, or 0.0384%, with a plan to reduce holdings by up to 29,900 shares, equating to 0.0096% [1] - Secretary of the Board Hu Tianshun holds 67,354 shares, or 0.0216%, and intends to reduce holdings by up to 16,800 shares, which is 0.0054% [1]

Group 1 - The core point of the article highlights that Tonghe Technology reported a decrease in the number of shareholders, with a total of 18,481 shareholders as of October 31, down by 2,906 from the previous period, representing a month-on-month decline of 13.59% [2] - The latest stock price of Tonghe Technology is 34.12 yuan, reflecting a decrease of 0.96%, and the stock has cumulatively dropped by 0.76% since the concentration of shares began, with 6 days of increase and 5 days of decrease in the trading period [2] - The company's third-quarter report indicates that it achieved a total operating revenue of 975 million yuan in the first three quarters, marking a year-on-year growth of 32.40%, while the net profit was 20.44 million yuan, showing a year-on-year decline of 2.20%, with basic earnings per share at 0.1200 yuan and a weighted average return on equity of 1.76% [2]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter of 2025, primarily due to market reforms in the new energy sector affecting customer project timelines and pricing pressures on products [1] Financial Performance - The company's third-quarter revenue was 347 million yuan, a year-on-year decrease of 28.75% [1] - Net profit for the third quarter was 22.86 million yuan, down 50.39% year-on-year [1] - For the first three quarters of 2025, total revenue reached 1.217 billion yuan, reflecting a year-on-year decline of 6.62% [1] - Net profit for the first three quarters was 83.03 million yuan, a decrease of 33.54% year-on-year [1] - Basic earnings per share stood at 0.6 yuan [1] Market Impact - The decline in performance is attributed to the impact of market-oriented reforms in new energy pricing, leading some customers to delay or postpone project grid connections to avoid potential losses from price fluctuations [1] - The company faces downward pressure on product prices, which has resulted in reduced gross margins and further squeezed profit margins [1]

Group 1 - The company's third-quarter revenue is 347 million, a decrease of 28.75% [1] - The net profit for the third quarter is 22.86 million, down 50.39% [1] - For the first three quarters, the revenue totals 1.217 billion, a decline of 6.62% [1] Group 2 - The net profit for the first three quarters is 83.03 million, a decrease of 33.54% [1]