Group 1 - The core viewpoint of the news is that Weiteng Electric has seen a stock price increase of 5.04%, reaching 46.88 CNY per share, with a trading volume of 171 million CNY and a turnover rate of 1.98%, resulting in a total market capitalization of 8.797 billion CNY [1] - Weiteng Electric, established on January 7, 2004, and listed on July 7, 2021, is primarily engaged in the research, manufacturing, and sales of busbar products [1] - The main revenue composition of Weiteng Electric includes: photovoltaic new materials (photovoltaic welding strips) at 46.68%, power distribution equipment (high and low voltage busbars) at 25.26%, energy storage systems at 21.46%, and other categories contributing smaller percentages [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Quanguo Fund holds a significant position, with the Quanguo Xuyuan Three-Year Holding Period Mixed A Fund (016709) increasing its holdings by 1.0526 million shares in the second quarter, now holding 3.3641 million shares, which is 2.13% of the circulating shares [2] - The Quanguo Xuyuan Three-Year Holding Period Mixed A Fund, established on October 18, 2022, has a latest scale of 11.201 billion CNY, with a year-to-date return of 30.7% and a one-year return of 60.58% [2]

Group 1 - The core viewpoint of the news is that Weiteng Electric has seen a stock price increase of 5.04%, reaching 46.88 CNY per share, with a trading volume of 171 million CNY and a turnover rate of 1.98%, resulting in a total market capitalization of 8.797 billion CNY [1] - Weiteng Electric Group Co., Ltd. is located in Jiangsu Province and was established on January 7, 2004, with its listing date on July 7, 2021. The company's main business involves the research, development, manufacturing, and sales of busbar products [1] - The revenue composition of Weiteng Electric includes: photovoltaic new materials (photovoltaic welding strips) at 46.68%, power distribution equipment (high and low voltage busbars) at 25.26%, energy storage systems at 21.46%, and other categories making up the remaining percentages [1] Group 2 - Among the top ten circulating shareholders of Weiteng Electric, a fund under the Fortune Fund ranks first. The Fortune Innovation Technology Mixed A Fund (002692) held 1.4917 million shares in the second quarter, unchanged from the previous period, accounting for 0.95% of circulating shares [2] - The Fortune Innovation Technology Mixed A Fund was established on June 16, 2016, with a latest scale of 2.377 billion CNY. Year-to-date returns are 106.72%, ranking 36 out of 8246 in its category, while the one-year return is 126.16%, ranking 216 out of 8054 [2]

格隆汇8月5日丨威腾电气(688226.SH)在互动平台表示，公司配电设备类产品丰富，可根据数据中心配 电需求，提供全产品定制化解决方案。同时，根据应用场景和技术特点，公司有多种类型的母线产品可 以应用于数据中心行业。随着未来单机柜功率的变化，公司可提供大电流场景下母线智能化应用解决方 案。公司将会紧密关注行业动态，会在产品研发、市场开拓、创新制造、服务升级等方面持续投入，大 力推进产品研发和科技创新，加快培育新质生产力，提升企业核心竞争力，以保持这些客户的长期合 作。 ...

Group 1 - The core viewpoint of the article highlights the significant growth potential in the power distribution industry driven by the increasing demand for computing power and electricity in data centers [1] - The company is focusing on enhancing the application of busbar products in data center scenarios to provide efficient and reliable power distribution solutions for infrastructure upgrades [1]

Core Insights - The company reported a revenue of 3.481 billion yuan for 2024, representing a year-on-year growth of 22.23%, with a net profit attributable to shareholders of 94.87 million yuan [2] Business Expansion - The company is expanding its product lines, particularly in the distribution equipment sector, where it has established a joint venture with ABB to enhance its busbar business [3] - The company has seen a doubling of revenue from medium and low-voltage complete equipment, driven by innovation and sales expansion [3] - New developments in key industries such as data centers, 3C semiconductors, automotive manufacturing, and renewable energy have been achieved [3] - The company has developed intelligent DC busbar trays for data centers and upgraded its AC busbar trays to handle higher currents, broadening market applications [3] - The successful launch of YBH high and low voltage pre-installed substations marks an expansion into the wind power sector [3] - The company plans to establish a new technology company focused on silicon photonics, enhancing its data center product offerings [3] Innovation and R&D - The company increased its R&D investment to 103.79 million yuan in 2024, a growth of 12.83%, leading to breakthroughs in patent achievements [4] - In the energy storage systems sector, the company has developed key components such as PCS, BMS, and EMS, with a focus on commercial energy storage cabinets [4] - Revenue from energy storage systems grew by over 30% year-on-year, supported by a strategic partnership with Westinghouse Electric [4] - In the photovoltaic new materials sector, the company has introduced multiple patents and achieved over 30% growth in sales and revenue of its welding strip products [4] Financial Strength and Shareholder Returns - The company has completed a private placement of A-shares, strengthening its financial position for future operations [5] - A profit distribution plan has been announced, with a cash dividend of 1.52 yuan per 10 shares, totaling approximately 28.52 million yuan, to reward investors [6] Future Outlook - The company aims to focus on its three main business areas: distribution equipment, energy storage systems, and photovoltaic new materials, while enhancing smart manufacturing and industry collaboration [6] - A global perspective and innovation will drive the company to explore domestic and international market demands, reinforcing its core competitiveness for sustainable and high-quality development [6]