资料显示，珠海英搏尔电气股份有限公司成立于2005年,是一家专注于新能源汽车动力系统研发、生产 的领军企业。公司2017年在深交所创业板上市,股票代码:300681。公司主营产品为新能源汽车动力总 成、电源总成以及驱动电机、电机控制器、车载充电机、DC-DC转换器等新能源汽车动力域核心零部 件。公司采用创新的"集成芯"技术,使产品具有高效能、轻量化、低成本等显著优势,并达成与吉利汽车, 上汽通用五菱、长城、奇瑞、上汽大通、长安汽车、一汽大众、合众、杭叉、北汽、江淮、威马、小鹏 以及采埃孚、大陆集团等众多国内外知名车企和大型零部件集团的长期合作。 8月27日，英搏转债盘中下跌2.02%报206.965元/张，成交额1.29亿元，转股溢价率11.27%。 资料显示，英搏转债信用级别为"AA"，债券期限6年（本次发行的可转债票面利率第一年0.30%、第二 年0.50%、第三年1.00%、第四年1.50%、第五年1.80%、第六年2.00%），对应正股名称为英搏尔，转股 开始日为2025年4月30日，转股价17.43元。 可转换债券简称可转债，是一种可以在特定时间、按特定条件转换为普通股票的特殊企业债券，兼具债 权和 ...

Group 1 - The core viewpoint of the news is the performance and characteristics of Yingbo Convertible Bonds, which have seen a price increase and a specific conversion premium rate [1] - Yingbo Convertible Bonds have a credit rating of "AA" and a maturity period of 6 years, with a tiered coupon rate starting from 0.30% in the first year to 2.00% in the sixth year [1] - The conversion price for the bonds is set at 17.43 yuan, with the conversion period starting on April 30, 2025 [1] Group 2 - Zhuhai Yingbo Electric Co., Ltd. was established in 2005 and focuses on the research and production of power systems for new energy vehicles [2] - The company was listed on the Shenzhen Stock Exchange in 2017, with the stock code 300681, and its main products include core components for new energy vehicles such as powertrains and electric drive systems [2] - For the first quarter of 2025, Yingbo reported a revenue of 545.8 million yuan, a year-on-year increase of 15.19%, and a net profit attributable to shareholders of 10.69 million yuan, up 26.29% year-on-year [2] - As of June 2025, the concentration of shareholders in Yingbo is relatively high, with 25,400 shareholders and an average holding of 7,241 shares per person, amounting to an average holding value of 203,400 yuan [2]

Group 1 - The core viewpoint of the news is the performance and characteristics of Yingbo Convertible Bonds, which have seen a price increase and a specific premium rate [1] - Yingbo Convertible Bonds have a credit rating of "AA" and a maturity period of 6 years, with a tiered coupon rate starting from 0.30% in the first year to 2.00% in the sixth year [1] - The conversion price for the bonds is set at 17.43 yuan, with the conversion period starting on April 30, 2025 [1] Group 2 - Zhuhai Yingbo Electric Co., Ltd. was established in 2005 and focuses on the research and production of power systems for new energy vehicles [2] - The company was listed on the Shenzhen Stock Exchange in 2017, with the stock code 300681, and its main products include core components for new energy vehicles [2] - For the first quarter of 2025, Yingbo reported a revenue of 545.8 million yuan, a year-on-year increase of 15.19%, and a net profit attributable to shareholders of 10.69 million yuan, up 26.29% year-on-year [2] - As of June 2025, the concentration of shareholders in Yingbo is relatively high, with 25,400 shareholders and an average holding of 7,241 shares per person [2]

Group 1 - The core viewpoint of the news is the performance and characteristics of Yingbo's convertible bonds, which have seen a price increase and a specific premium rate [1] - Yingbo's convertible bonds have a credit rating of "AA" and a maturity of 6 years, with a coupon rate that increases annually from 0.30% to 2.00% [1] - The conversion price for the bonds is set at 17.43 yuan, with the conversion period starting on April 30, 2025 [1] Group 2 - Zhuhai Yingbo Electric Co., Ltd. was established in 2005 and focuses on the research and production of power systems for new energy vehicles [2] - The company went public on the Shenzhen Stock Exchange in 2017, with the stock code 300681, and its main products include powertrains, power assemblies, and core components for new energy vehicles [2] - For the first quarter of 2025, Yingbo reported a revenue of 545.8 million yuan, a year-on-year increase of 15.19%, and a net profit attributable to shareholders of 10.69 million yuan, up 26.29% year-on-year [2] - As of June 2025, Yingbo has a concentrated shareholder structure with 25,400 shareholders, an average of 7,241 circulating shares per person, and an average holding amount of 203,400 yuan [2]

Group 1 - The core viewpoint of the news is the performance and characteristics of Yingbo's convertible bonds, which have seen a price increase and a specific premium rate [1] - Yingbo's convertible bonds have a credit rating of "AA" and a maturity period of 6 years, with a coupon rate that increases annually from 0.30% to 2.00% [1] - The conversion price for the bonds is set at 17.43 yuan, with the conversion period starting on April 30, 2025 [1] Group 2 - Zhuhai Yingbo Electric Co., Ltd. was established in 2005 and focuses on the research and production of power systems for new energy vehicles [2] - The company went public on the Shenzhen Stock Exchange in 2017, with the stock code 300681, and its main products include powertrains, power supply systems, and core components for new energy vehicles [2] - For the first quarter of 2025, Yingbo reported a revenue of 545.8 million yuan, a year-on-year increase of 15.19%, and a net profit attributable to shareholders of 10.69 million yuan, up 26.29% year-on-year [2] - As of June 2025, Yingbo has a concentrated shareholder structure with 25,400 shareholders, an average of 7,241 circulating shares per person, and an average holding amount of 203,400 yuan [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has initiated administrative penalties against Nanjing Yuebo Power System Co., Ltd. for suspected violations of information disclosure laws, targeting both the company and its actual controllers, as well as responsible executives [1] - Between 2018 and 2022, Yuebo Power inflated its revenue and profits through fictitious sales of new energy vehicle powertrains and false asset sales, leading to false records in annual reports [1] - Financial fraud is described as a "tumor" that harms the health of the capital market, undermining fairness and transparency, and misleading investors into making uninformed decisions, resulting in significant losses [1] Group 2 - Fraudulent companies attract substantial funding through manipulated financial data, diverting resources away from law-abiding and promising enterprises, which disrupts market resource allocation and efficiency, ultimately hindering economic development [2] - Regulatory authorities are intensifying accounting supervision and cracking down on financial fraud, sending a strong signal against such practices and demonstrating a commitment to maintaining a healthy market environment [2] Group 3 - A healthy capital market is essential for investors, enterprises, and economic development, and combating financial fraud requires collective efforts from all stakeholders [3] - Regulatory bodies need to enhance the legal framework and enforcement, while companies must adhere to integrity and proper financial management, and intermediaries should fulfill their supervisory roles [3] - Increased awareness and ability to identify fraud among investors are crucial for protecting the capital market ecosystem [3]

Company Overview - Zhuhai Yingboer Electric Co., Ltd. was established in 2005 and focuses on the research and production of power systems for new energy vehicles [2] - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2017, with stock code 300681 [2] - Main products include powertrains, power supply systems, drive motors, motor controllers, on-board chargers, and DC-DC converters, which are core components in the new energy vehicle domain [2] - The company employs an innovative "integrated chip" technology, providing significant advantages such as high efficiency, lightweight, and low cost [2] - Yingboer has established long-term collaborations with numerous well-known domestic and international automotive companies and large component groups [2] Financial Performance - For the first quarter of 2025 (January to March), Yingboer achieved operating revenue of 545.8 million yuan, a year-on-year increase of 15.19% [2] - The net profit attributable to shareholders was 10.69 million yuan, reflecting a year-on-year increase of 26.29% [2] - The net profit after deducting non-recurring gains and losses was 8.49 million yuan, showing a year-on-year increase of 42.24% [2] Shareholder Structure - As of June 2025, the concentration of shares in Yingboer is relatively high, with 25,400 shareholders [2] - The average circulating shares per shareholder amount to 7,241 shares, with an average holding amount of 203,400 yuan [2] Convertible Bond Information - Yingboer's convertible bond experienced a decline of 2.09%, trading at 167.43 yuan per bond, with a transaction volume of 76.88 million yuan [1] - The bond has a credit rating of "AA" and a maturity period of 6 years, with a coupon rate that increases annually from 0.30% to 2.00% [1] - The conversion price for the bond is set at 17.43 yuan, with the conversion period starting on April 30, 2025 [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced administrative penalties against Yuebo Power for financial fraud, which includes fines and bans for involved parties, marking a significant step in holding accomplices accountable in financial misconduct cases [1][3][5]. Summary by Sections Financial Fraud Details - From 2018 to 2022, Yuebo Power inflated its revenue by over 900 million yuan and profits by over 200 million yuan through fictitious sales of new energy vehicle powertrains and false asset sales [3][4]. - In 2020, the company falsely reported a profit increase of 19.0048 million yuan through the fraudulent transfer of subsidiary equity, and in 2022, it inflated revenue by 79.8109 million yuan through improper recognition of sales [3][4]. Company Background and Performance - Established in 2012, Yuebo Power was a leading provider of new energy vehicle powertrain systems and solutions, listed on the Growth Enterprise Market in 2018 [4]. - The company experienced significant revenue and profit growth in its first three years post-listing, but net profit plummeted from 94 million yuan in 2017 to 21 million yuan in 2018, followed by a loss of 841 million yuan in 2019 [4]. - By the end of Q3 2023, the cumulative net loss reached nearly 1.4 billion yuan, leading to a series of governance issues and ultimately its delisting [4]. Accountability Measures - The CSRC has taken unprecedented steps to penalize not only the company and its actual controller but also two accomplices who facilitated the fraud, imposing fines of 2 million yuan and 300,000 yuan respectively [1][6]. - The CSRC emphasized the need to combat the emerging trend of third-party involvement in financial fraud, which disrupts market order and harms the market ecosystem [7]. Future Actions - The CSRC plans to enhance accountability measures against both primary offenders and accomplices, employing a comprehensive approach that includes administrative, civil, and criminal penalties [7].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is intensifying efforts to combat financial fraud in the capital market, focusing on both the companies involved and the third-party entities that facilitate such frauds [2][3]. Group 1: Regulatory Actions - CSRC has issued a prior administrative penalty notice against Nanjing Yuebo Power System Co., Ltd. for suspected violations of information disclosure laws, proposing a total fine of 30.8 million yuan and imposing bans on two individuals for 8 to 10 years from the securities market [1]. - The investigation revealed that from 2018 to 2022, Yuebo Power inflated its revenue and profits through fictitious sales of new energy vehicle powertrains and false asset sales, leading to false records in annual reports [1]. Group 2: Focus on Key Stakeholders - The CSRC is committed to holding accountable not only the companies but also key individuals such as actual controllers, major shareholders, and senior management, ensuring that intermediary institutions like sponsors, auditors, and legal advisors fulfill their responsibilities [2][3]. - The recent case against Yuebo Power highlights the CSRC's approach to directly penalizing third-party entities that collude with companies to commit fraud, marking a significant step in enforcing accountability [3]. Group 3: Comprehensive Prevention and Punishment System - The CSRC has established a comprehensive prevention and punishment system for financial fraud, which includes direct penalties, referrals to relevant authorities, and criminal prosecutions for those involved in facilitating fraud [3][4]. - Future actions will continue to emphasize both punishing the main perpetrators and those who assist in the fraud, aiming to dismantle the profit chains and ecosystems that support such activities [4].

Group 1 - The core viewpoint of the articles emphasizes the importance of strict enforcement against financial fraud in the capital market, particularly focusing on the case of Nanjing Yuebo Power System Co., Ltd. and its associated parties [1][2][3] - The China Securities Regulatory Commission (CSRC) has proposed administrative penalties totaling 30.8 million yuan against Yuebo Power and its responsible individuals, including warnings and market bans for 8 to 10 years [1][2] - The investigation revealed that from 2018 to 2022, Yuebo Power inflated its revenue and profits through fictitious sales of new energy vehicle powertrains and false asset sales, leading to false records in annual reports [1][3] Group 2 - The CSRC is committed to combating financial fraud, focusing on key stakeholders such as actual controllers, major shareholders, and senior executives, while also holding intermediary institutions accountable [2][3] - A new characteristic of financial fraud in the capital market is the collaboration between third-party entities and listed companies, forming a profit chain or "ecosystem" that disrupts market order [3][4] - The CSRC has established a comprehensive prevention and punishment system for financial fraud, which includes direct penalties for accomplices involved in fraudulent activities, as seen in the Yuebo Power case [3][4] Group 3 - Future actions by the CSRC will include a dual approach of pursuing the main perpetrators and penalizing accomplices, reinforcing a multi-faceted accountability system for all parties involved in financial fraud [4] - The CSRC will adopt a lenient enforcement policy for those who actively rectify issues and cooperate with investigations, potentially leading to reduced or waived penalties [4]