格隆汇2月27日丨合康新能(300048.SZ)公布，拟向特定对象发行股票拟募集资金总额（含发行费用）不 超过16.5亿元，扣除发行费用后的募集资金净额全部投入高压变频器研发及产业化项目、光伏并网逆变 器研发及产业化项目、户用储能系统研发及产业化项目、分布式光伏标杆电站建设及研发项目、补充流 动资金。本次向特定对象发行股票的发行对象为美的集团。美的集团将以现金方式认购公司本次发行的 全部股票，美的集团已经与公司签署了《股份认购协议》。 ...

（记者 曾健辉） 每经AI快讯，合康新能2月27日晚间发布公告称，本次向特定对象发行股票相关事项已经公司第六届董 事会第二十八次会议审议通过，本次向特定对象发行股票的发行对象为美的集团。本次发行的股票数量 为募集资金总额除以本次发行股票的发行价格，即约2.88亿股（含本数），不超过本次发行前公司总股 本的30%。发行价格为5.73元/股。本次发行拟募集不超过约16.52亿元，募集资金用于以下用途：高压 变频器研发及产业化项目，总投资约4.39亿元，拟投入募集资金约4.39亿元；光伏并网逆变器研发及产 业化项目，总投资约4.37亿元，拟投入募集资金约4.37亿元；户用储能系统研发及产业化项目，总投资 约2.92亿元，拟投入募集资金约2.92亿元；分布式光伏标杆电站建设及研发项目，总投资约1.84亿元， 拟投入募集资金约1.84亿元；补充流动资金项目，总投资3亿元，拟投入募集资金3亿元。 每经头条（nbdtoutiao）——中美大反转，中国AI调用量首超美国，A股嗨了，多板块掀涨停潮！华尔 街知名分析师：中国算力路径颠覆传统认知 ...

每经AI快讯，2月27日，合康新能(300048.SZ)公告称，公司拟向特定对象发行股票，发行对象为美的集 团，发行价格为5.73元/股，募资总额不超16.52亿元，扣除发行费用后的募集资金净额拟投入高压变频 器研发及产业化项目、光伏并网逆变器研发及产业化项目等。本次发行完成后，美的集团及其一致行动 人在上市公司拥有表决权的股份未超过上市公司已发行股票的30%，则认购方通过本次发行认购的股票 自本次发行结束之日起18个月内不得转让。 ...

Group 1 - The company plans to raise a total of up to 1,651.58 million yuan through a private placement of shares, including issuance costs [1] - The net proceeds from the fundraising will be fully invested in various projects, including high-voltage frequency converter R&D and industrialization, photovoltaic grid-connected inverter R&D and industrialization, household energy storage system R&D and industrialization, distributed photovoltaic benchmark power station construction and R&D projects, and to supplement working capital [1] - Before the fundraising proceeds are in place, the company may use self-raised funds to invest in the fundraising projects based on its operational status and business planning, and will replace these with the raised funds once they are available [1]

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：太空光伏已成为AI的必要能源，那么贵公司对马斯克 提及的太空光伏怎么看？以后有一天能实用的话贵公司会倾力研发太空光伏组件吗？ 首航新能（301658.SZ）2月26日在投资者互动平台表示，公司主要产品包括光伏并网逆变器、光伏储能 逆变器、储能电池、工商业储能系统与集中式储能系统。公司目前的产品尚未涉及太空光伏的相关应 用，未来公司将结合自身技术优势与市场成熟度，适时评估参与空间光伏储能应用的可能性。后续的业 务进展情况请您关注公司披露的定期报告及相关公告。 ...

格隆汇2月26日丨首航新能(301658.SZ)在互动平台表示，公司主要产品包括光伏并网逆变器、光伏储能 逆变器、储能电池、工商业储能系统与集中式储能系统。公司目前的产品尚未涉及太空光伏的相关应 用，未来公司将结合自身技术优势与市场成熟度，适时评估参与空间光伏储能应用的可能性。 ...

25 年业绩扭亏为盈，海外储能业务弹性较大 固德威(688390) | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 徐强(分析师) | 010-83939805 | xuqiang@gtht.com | S0880517040002 | | 吴志鹏(分析师) | 021-23215736 | wuzhipeng@gtht.com | S0880525070004 | 本报告导读： 25 年业绩扭亏为盈，26-28 年具备较高成长性。 投资要点： | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 7,353 | 6,738 | 8,455 | 11,987 | 14,472 | | (+/-)% | 56.1% | -8.4% | 25.5% | 41.8% | 20.7% | | 净利润(归母) | 852 | -62 | 143 | 717 ...

Core Viewpoint - The recent national quality supervision sampling conducted by the State Administration for Market Regulation revealed a significant number of non-compliant products across various categories, indicating potential quality control issues in the market. Group 1: Product Sampling Overview - A total of 1,234 batches of 16 product types were sampled, including 399 batches from 14 online platforms and 225 batches from 205 sales units across 19 provinces [1] - 190 batches were found to be non-compliant, with 4 batches being illegal products and 186 batches failing inspection [1] Group 2: Specific Product Findings - In the category of elderly vision correction glasses, 49 out of 89 batches were found non-compliant, with issues including counterfeit products and various optical performance failures [2] - For elderly shoes, 9 out of 68 batches were non-compliant, with issues related to safety and performance standards [2] - The ceramic sealing water nozzle category had 36 out of 130 batches failing inspection, with multiple performance-related failures identified [3] Group 3: Regulatory Actions - Provincial market regulatory departments have taken measures such as product removal, sealing, and confiscation of non-compliant products [3] - Clear rectification requirements have been established for non-compliant production and sales units, with strict enforcement of corrective actions [3] - Continuous non-compliance will lead to severe legal consequences, including potential criminal referrals [3]

Core Insights - The State Administration for Market Regulation has conducted a national quality supervision inspection of 16 types of products, including elderly shoes, with a total of 1,234 batches tested across various platforms and provinces [1] Group 1: Inspection Results - A total of 399 batches were inspected from 374 sales units on platforms such as 1688, JD.com, Douyin, Suning, Tmall, and Kuaishou [1] - 190 batches were found to be non-compliant, including 4 batches of illegal products (all power adapters) and 186 batches of products that failed inspections [1] - Specific non-compliant products included 49 batches of presbyopic glasses, 9 batches of elderly shoes, and various other items such as gas heating water heaters and industrial gas detectors [1] Group 2: Follow-up Actions - Among the previously inspected non-compliant production units, 24 out of 91 remained non-compliant in the latest inspection [2] - For presbyopic glasses, 49 batches were found non-compliant, with issues including counterfeit products and various optical performance failures [2] - For elderly shoes, 9 batches were non-compliant, with one counterfeit product and issues related to safety and durability [2] Group 3: Specific Product Issues - In the inspection of ceramic sealing water nozzles, 36 out of 130 batches were found non-compliant, with failures in corrosion resistance, load-bearing capacity, and assembly [3] - Regulatory actions have been taken against non-compliant products, including removal from shelves and strict enforcement of corrective measures for production units [3] - Continuous non-compliance will lead to severe legal consequences, including potential criminal referrals [3]

Core Insights - The State Administration for Market Regulation has conducted a national quality supervision inspection of 16 types of products, revealing a total of 190 batches of non-compliant products from 1234 batches tested [1] Group 1: Inspection Overview - A total of 399 batches of products were inspected across 14 platforms and 374 sales units, with 225 batches from 205 sales units in 19 provinces, and 610 batches from 610 production units in 24 provinces [1] - The inspection identified 4 batches of illegal products, all of which were power adapters, and 186 batches of products failed quality tests [1] Group 2: Specific Product Findings - In the category of elderly shoes, 68 batches were inspected, with 9 batches found non-compliant, including 1 batch that was counterfeit [2] - For optical glasses, 49 batches were found non-compliant, with issues including 1 counterfeit product and multiple safety-related failures [2] - The ceramic sealing water nozzles had 130 batches inspected, with 36 batches failing quality tests due to various performance issues [3] Group 3: Regulatory Actions - Provincial market regulatory departments have taken measures such as removing non-compliant products from shelves, sealing, and confiscating them [3] - Clear rectification requirements have been established for non-compliant production and sales units, with strict enforcement of corrective actions [3] - Continuous non-compliance will lead to serious legal consequences, including criminal referrals for violations [3]