General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors, and to regulate its organization and behavior according to relevant laws [1][3] - The company was established as a joint-stock company by the transformation of Shenzhen Jingquan Hua Electronics Co., Ltd. and registered with the Shenzhen Market Supervision Administration [1][2] - The company received approval from the China Securities Regulatory Commission for its initial public offering of 20 million shares on June 9, 2017 [1][3] Company Information - The registered capital of the company is RMB 270,916,968 [2] - The company is located at Jingquan Hua Industrial Park, 325 Guiyue Road, Guanlan Street, Longhua District, Shenzhen, with a postal code of 518110 [2] - The company is a permanent joint-stock company [2] Management and Responsibilities - The board of directors represents the company in executing its affairs, with the chairman serving as the legal representative [2][3] - The legal representative's civil activities conducted on behalf of the company will have legal consequences for the company [2][3] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with its entire assets [2][3] Business Objectives and Scope - The company's business objective is to maximize returns for shareholders and support national economic development while adhering to laws and regulations [3][4] - The business scope includes the research and sales of power supply products, electronic components, transformers, photovoltaic inverters, and electric vehicle charging equipment, among others [4] Share Issuance - The company's shares are issued in the form of stocks, with each share having a par value of RMB 1 [5][6] - The total number of shares issued by the company is 270,916,968, all of which are ordinary shares [5][6] - The company must not provide financial assistance for others to acquire its shares, except for employee stock ownership plans [5][6] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends, request meetings, supervise the company's operations, and transfer their shares [11][12] - Shareholders must comply with laws and the company's articles of association, and they cannot withdraw their capital except as permitted by law [16][40] - Shareholders abusing their rights to harm the company or other shareholders will be liable for damages [16]

本报记者 田鹏 自去年9月份中国证监会发布《关于深化上市公司并购重组市场改革的意见》（以下简称"并购六条"） 以来，政策红利持续释放，为资本市场注入强劲动能。在审核机制层面，深圳证券交易所（以下简 称"深交所"）并购重组审核委员会积极响应，针对已申报的发行股份类重组项目，已高效召开8次审议 会议，高效推动项目加速落地。 政策的积极引导显著激活了深交所市场（以下简称"深市"）并购重组市场活力。市场呈现多点开花的繁 荣景象，新增并购案例不断涌现，涉及行业广泛、交易模式多元。已发布重组方案的上市公司严格遵循 监管要求，稳步推进尽调、评估、决策等关键环节，确保并购进程有序开展，充分展现出资本市场资源 整合的强大效能。 2025年5月16日，中国证监会再度发力，重磅发布《上市公司重大资产重组管理办法》。随后，沪深北 证券交易所迅速响应，同步修订发布《上市公司重大资产重组审核规则》及配套业务指南。可以预见， 随着这一系列政策"组合拳"的精准落地，并购市场或将迎来新一轮政策利好周期，通过"好制度"持续激 发"好公司"创新动能，引导其推出更优质的"好方案"。 "好制度"—— 简审提速 释放改革红利 据悉，"并购六条"提出，建 ...

内容概况：变压器件作为我国重要的输变电设备，随着电力电子技术、计算机技术和自动控制技术的迅 速发展，变压器件正从传统笨重、大型的手动变压器件向智能调控的电子变压器件转变。电子变压器件 具有高效率、高功率因数、优异的调速及启动、制动性能，在国内外市场获得广泛认可。近年来，中国 电子变压器件市场规模整体呈现持续增长态势，市场规模由2018年的309.6亿元增长至2024年的681.9亿 元，年复合增长率为14.07%。未来，在特高压电网建设加速推进、新型电力系统建设、乡村振兴战略 实施以及"双碳"目标落实等多重因素驱动下，我国电子变压器件制造业发展势头强劲，行业整体发展速 度显著提升，未来市场规模有望进一步扩大。 相关上市企业：特变电工（600089）、保变电气（600550）、中国西电（601179）、江苏华辰 （603097）、北方铜业（000737）、云南铜业（000878）、江西铜业（600362）、英思特（301622）、 中科磁业（301141）、大唐发电（601991）等。 相关企业：阿西布朗勃法瑞公司、阿海珐集团、西门子股份公司、东芝公司等。 关键词：电子变压器件、市场规模、铜材产量、全社会用电量 ...

摘要 Q&A 薄膜电容器在公司总收入中的占比是多少？ 薄膜电容器在公司总收入中占据大部分，相对而言，电子变压器的收入占比较 少。 各个下游市场的增速情况如何？ 法拉电子 20250427 • 公司一季度整体营收同比增长超 30%，其中光伏市场增长约 17-18%，工 控市场接近 20%，风电市场预计今年增速接近 30%，家电和照明市场与 去年同期持平。新能源车占比提升至 58%，预计全年毛利率会逐步上升。 • 美国关税政策对公司直接出口影响较小，因直接出口到美国的比例较低， 主要出口到欧洲。间接影响难以准确判断，涉及多个行业，下游产品出口 到美国的数据难以准确计算。 • 一季度毛利率下降至 31.3%是由于价格调整和成本变化所致。预计今年毛 利率将稳中有升，各板块相对稳定。二三四季度价格稳定，但可能会通过 成本改善使毛利率逐步上升。 • 二季度行业景气度整体较好，汽车、光伏、工控领域均表现良好。光伏领 域二季度表现优于一季度，汽车领域预计好于一季度。全年预期与年初判 断基本一致，汽车市场预期增长快于行业平均水平，光储市场与行业平均 水平相匹配。 • 薄膜电容器未来增长的最大驱动力是新能源车，全球新能源车替代率 ...