格隆汇11月13日丨泓淋电力(301439.SZ)在投资者互动平台表示，公司产品主要有电源线组件、特种线 缆、新能源电动汽车充电连接产品，主要应用于计算机、家电、新能源电动汽车、终端零售市场等领 域。公司子公司达为互联生产的高速铜缆供应给下游客户后配套给国际、国内各大服务器厂商终端使 用。 ...

Core Viewpoint - Honglin Electric (301439.SZ) produces power line components that are applicable in computer power devices, with major clients including Dell, Compal, Delta, and Qisda [1] Group 1 - The company specializes in manufacturing power line components [1] - The products are utilized in computer power equipment [1] - Key customers of the company include notable manufacturers such as Dell, Compal, Delta, and Qisda [1]

Core Insights - Honglin Electric, established on November 27, 1997, went public on March 17, 2023, on the Shenzhen Stock Exchange, and is a significant player in the domestic power cable components and specialty cable sector with strong R&D and production capabilities [1] Group 1: Business Performance - For Q3 2025, Honglin Electric reported revenue of 2.962 billion yuan, ranking 20th in the industry, below the top competitor Baosheng Co. at 37.65 billion yuan and second-place Far East Co. at 20.209 billion yuan, with the industry average at 5.823 billion yuan [2] - The net profit for the same period was 152 million yuan, ranking 11th in the industry, lower than the leading Eastern Cable at 914 million yuan and second-place Jinbei Electric at 536 million yuan, with the industry average at 131 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Honglin Electric's debt-to-asset ratio was 39.11%, an increase from 29.14% year-on-year, but still below the industry average of 54.36% [3] - The gross profit margin for Q3 2025 was 12.70%, up from 11.84% year-on-year, but slightly below the industry average of 13.49% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Liu Xiongbing was 1.1917 million yuan in 2024, an increase of 296,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 0.24% to 26,100, while the average number of circulating A-shares held per account increased by 0.25% to 7,026.34 [5]

Group 1 - On September 3, Honglin Electric experienced a decline of 2.56% with a transaction volume of 70.03 million yuan, and the net financing buy was -0.9433 million yuan [1] - As of September 3, the total margin balance for Honglin Electric was 107 million yuan, which accounts for 3.83% of its circulating market value, indicating a low financing balance compared to the past year [1] - The company reported a revenue of 1.876 billion yuan for the first half of 2025, representing a year-on-year growth of 23.75%, while the net profit attributable to shareholders decreased by 8.62% to 92.4674 million yuan [2] Group 2 - Since its A-share listing, Honglin Electric has distributed a total of 292 million yuan in dividends [3] - As of June 30, 2025, Honglin Electric had 27,900 shareholders, a decrease of 2.56% from the previous period, with an average of 6,574 circulating shares per shareholder, an increase of 2.63% [2][3] - Hong Kong Central Clearing Limited became a new major shareholder, holding 785,400 shares, while E Fund Value Growth Mixed Fund exited the top ten circulating shareholders [3]

Core Viewpoint - Honglin Electric (301439) is actively engaged in the production of power line components, special cables, and electric vehicle charging connection products, focusing on various application fields such as computers, home appliances, new energy electric vehicles, and retail markets [1] Group 1 - The company's product offerings include power line components, special cables, and new energy electric vehicle charging connection products [1] - The primary application areas for the company's products are computers, home appliances, new energy electric vehicles, and the retail market [1] - The company is committed to continuously monitoring industry trends to meet the evolving market demands and diverse customer needs [1]

Group 1 - The core viewpoint of the article highlights the strong financial performance of Weihai Honglin Electric Power Technology Co., Ltd. in 2024, with significant revenue growth and profit increases [1][2] - The company achieved an operating income of 3.398 billion yuan, representing a year-on-year increase of 37.06% [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 192 million yuan, up 28.4% year-on-year [1] Group 2 - The power line component business contributed 2.221 billion yuan in revenue, growing by 32.9% year-on-year, driven by deeper collaboration with existing clients and the development of new clients [1] - The special cable business saw revenue of 1.166 billion yuan, a significant increase of 45.09% year-on-year, with new growth from electric vehicle charging connection products [1] - The company established stable partnerships with major automotive and charging facility manufacturers, including BYD, SAIC-GM-Wuling, and Xiaomi [1] Group 3 - The company's global expansion efforts were evident, with the Thailand factory achieving revenue of 903 million yuan, a year-on-year increase of 56.48% [2] - The dual-base strategy of "Weihai + Thailand" allows the company to respond quickly to international customer demands and reduce supply chain costs [2] - Future plans include focusing on opportunities in "new energy" and "internationalization," with an emphasis on high-speed communication cables and expanding into the electric vehicle charging market [2] Group 4 - In the first quarter of 2025, the company reported an operating income of 861 million yuan, a year-on-year increase of 35.58% [2] - The net profit attributable to shareholders for the first quarter was 50.44 million yuan, reflecting a growth of 14.99% year-on-year [2]

Core Insights - The company reported a total revenue of 3.398 billion yuan in 2024, representing a year-on-year growth of 37.06%, while net profit decreased by 8.14% to 197 million yuan, indicating challenges in cost control and profitability [1] - The company specializes in the research, production, and sales of power line components and special cables, with notable performance in the new energy electric vehicle charging connection products sector [1] Revenue Breakdown - The power line component business achieved revenue of 2.221 billion yuan, a year-on-year increase of 32.90%, driven by deepening cooperation with existing customers and expanding into new markets [4] - The special cable business generated revenue of 1.166 billion yuan, growing by 45.09%, with new energy electric vehicle charging products emerging as a significant growth driver [5] International Expansion - The company is advancing its international strategy, with the Thailand factory generating revenue of 903 million yuan, a year-on-year increase of 56.48%, enhancing production efficiency through smart and automated manufacturing [7] - The international expansion presents challenges, including operational costs and competition in the global market, necessitating improvements in brand influence and market penetration [7]

Core Viewpoint - The company is a leading player in the power cord assembly and specialty cable industry, focusing on research, production, and sales, with significant growth in revenue and net profit in 2024 compared to the previous year [3][8]. Company Overview - The company specializes in the research, production, and sales of power cord assemblies and specialty cables, serving clients in the computer and home appliance sectors, as well as in new energy electric vehicles [3][9]. - Major products include power cord assemblies for computers and home appliances, smart home power cords, and specialty cables for various industrial applications [3][9]. Business Model - The company employs a demand-driven procurement model, ensuring quality and timely delivery through a robust supplier management system [5]. - Production is organized based on customer orders, adhering to standardized management procedures to ensure product quality and delivery timelines [6]. - Sales are conducted directly with customers, establishing long-term relationships with major clients such as Dell, Haier, and LG [7]. Performance Drivers - In 2024, the company achieved a revenue of 3.398 billion yuan, a 37.06% increase year-on-year, with a net profit of 191.66 million yuan, up 28.40% [8]. - The power cord assembly segment generated 2.220 billion yuan in revenue, reflecting a 32.90% growth, while specialty cables, particularly for new energy electric vehicles, saw a revenue increase of 45.09% to 1.166 billion yuan [9][10]. - The company's international expansion, particularly through its Thailand factory, contributed significantly to revenue growth, achieving 902.62 million yuan, a 56.48% increase [11].

股票简称：泓淋电力 股票代码：301439 威海市泓淋电力技术股份有限公司 WEIHAI HONGLIN ELECTRONIC CO., LTD. （威海经技区浦东路 9-10） 首次公开发行股票并在创业板上市 之 上市公告书 威海市泓淋电力技术股份有限公司 上市公告书 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二〇二三年三月 特别提示 威海市泓淋电力技术股份有限公司（以下简称"泓淋电力"、"本公司"、"公 司"或"发行人"）股票将于 2023 年 3 月 17 日在深圳证券交易所创业板上市。 创业板公司具有业绩不稳定、经营风险高、退市风险大等特点，投资者面临较大 的市场风险。本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因 素，在新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 本公司提醒广大投资者注意，凡本上市公告书未涉及的有关内容，请投资者 查阅本公司招股说明书全文。 如无特别说明，本上市公告书中的简称或名词的释义与本公司招股说明书中 相同。 二、投资风险提示 2 威海市泓淋电力技术股份有限公司 上市公告书 第一节 重要声明与提示 一、重要声 ...

本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合 存在不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特 点，投资者面临较大的市场风险。投资者应充分了解创业板的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 威海市泓淋电力技术股份有限公司 WEIHAI HONGLIN ELECTRONIC CO., LTD. （威海经技区浦东路 9-10） 首次公开发行股票并在创业板上市 招股说明书 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 保荐人（主承销商） 威海市泓淋电力技术股份有限公司 招股说明书 | 发行股票类型 | 股） 人民币普通股（A | | | | | --- | --- | --- | --- | --- | | 发行股数 | 本次公开发行新股数量 9,728 | | | 万股，占发行后总股本的比 | | | 例约为 25%，不进行老股转让 | | | | | 每股面值 | 人民币 元 | 1.00 | | | | 每股发行价格 | 19.99 元 | | | | | 发行日期 | 2023 年 月 日 | 3 | 8 | | | 拟上市的证券交易所和 ...