截至8月29日，国力电子股东户数5374.00，较上期增加1.92%；人均流通股17736股，较上期减少 1.88%。2025年1月-6月，国力电子实现营业收入5.69亿元，同比增长70.49%；归母净利润3573.36万元， 同比增长142.68%。 10月9日，国力电子涨3.65%，成交额1.95亿元。两融数据显示，当日国力电子获融资买入额3667.28万 元，融资偿还2480.91万元，融资净买入1186.37万元。截至10月9日，国力电子融资融券余额合计3.87亿 元。 融资方面，国力电子当日融资买入3667.28万元。当前融资余额3.87亿元，占流通市值的5.33%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，国力电子10月9日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年80%分位水平，处于高位。 资料显示，昆山国力电子科技股份有限公司位于江苏省昆山开发区西湖路28号，成立日期2000年10月12 日，上市日期2021年9月10日，公司主营业务涉及电子真空器件的研发、生产与销售。主营业务收入构 成为： ...

9月25日，国力电子涨5%，截至发稿，报71.40元/股，成交1.12亿元，换手率1.68%，总市值68.06亿元。 责任编辑：小浪快报 汇安核心价值混合A（010740）基金经理为陆丰。 数据显示，汇安基金旗下1只基金重仓国力电子。汇安核心价值混合A（010740）二季度持有股数1.22万 股，占基金净值比例为3.21%，位居第二大重仓股。根据测算，今日浮盈赚取约4.15万元。 汇安核心价值混合A（010740）成立日期2021年3月16日，最新规模1721.68万。今年以来收益14.86%， 同类排名5260/8173；近一年收益26.06%，同类排名5227/8003；成立以来亏损37.93%。 资料显示，昆山国力电子科技股份有限公司位于江苏省昆山开发区西湖路28号，成立日期2000年10月12 日，上市日期2021年9月10日，公司主营业务涉及电子真空器件的研发、生产与销售。主营业务收入构 成为：直流接触器60.00%，真空继电器17.87%，交流接触器11.50%，真空电容器5.33%，真空有源器件 3.49%，其他(补充)1.80%。 从基金十大重仓股角度 截至发稿，陆丰累计任职时间5年142天， ...

截至8月29日，国力电子股东户数5374.00，较上期增加1.92%；人均流通股17736股，较上期减少 1.88%。2025年1月-6月，国力电子实现营业收入5.69亿元，同比增长70.49%；归母净利润3573.36万元， 同比增长142.68%。 分红方面，国力电子A股上市后累计派现9836.14万元。近三年，累计派现6831.35万元。 机构持仓方面，截止2025年6月30日，国力电子十大流通股东中，兴全多维价值混合A（007449）位居 第三大流通股东，持股286.68万股，持股数量较上期不变。兴全合丰三年持有混合（009556）位居第六 大流通股东，持股165.85万股，相比上期减少20.28万股。 9月18日，国力电子盘中上涨2.06%，截至10:27，报67.38元/股，成交4809.20万元，换手率0.76%，总市 值64.22亿元。 资金流向方面，主力资金净流出198.51万元，特大单买入130.30万元，占比2.71%，卖出104.62万元，占 比2.18%；大单买入1428.70万元，占比29.71%，卖出1652.88万元，占比34.37%。 国力电子今年以来股价涨66.53%，近5 ...

Core Viewpoint - Guokui Electronics experienced a decline of 2.18% on September 15, with a trading volume of 82.81 million yuan, indicating a potential shift in investor sentiment [1]. Financing Summary - On September 15, Guokui Electronics had a financing buy-in amount of 8.35 million yuan and a financing repayment of 15.04 million yuan, resulting in a net financing buy of -6.69 million yuan [1]. - The total financing and securities balance for Guokui Electronics as of September 15 is 321 million yuan, which accounts for 5.25% of its market capitalization, indicating a high level compared to the past year [1]. - The company had no shares sold or repaid in the securities lending market on the same day, with a securities lending balance of 0, also reflecting a high level compared to the past year [1]. Company Performance - As of August 29, Guokui Electronics had 5,374 shareholders, an increase of 1.92%, while the average circulating shares per person decreased by 1.88% to 17,736 shares [2]. - For the first half of 2025, Guokui Electronics reported a revenue of 569 million yuan, representing a year-on-year growth of 70.49%, and a net profit attributable to shareholders of 35.73 million yuan, which is a 142.68% increase year-on-year [2]. Dividend Information - Since its A-share listing, Guokui Electronics has distributed a total of 98.36 million yuan in dividends, with 68.31 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Guokui Electronics, the third-largest shareholder is the Xingquan Multi-Dimensional Value Mixed Fund (007449), holding 2.87 million shares, unchanged from the previous period [3]. - The sixth-largest shareholder, Xingquan He Feng Three-Year Holding Mixed Fund (009556), reduced its holdings by 202,800 shares to 1.66 million shares compared to the previous period [3].

Company Overview - Guoli Electronics, established on October 12, 2000, is located at 28 Xihu Road, Kunshan Development Zone, Jiangsu Province. The company was listed on September 10, 2021, and specializes in the research, production, and sales of electronic vacuum devices [1]. Financial Performance - For the first half of 2025, Guoli Electronics achieved operating revenue of 569 million yuan, representing a year-on-year growth of 70.49%. The net profit attributable to the parent company was 35.73 million yuan, reflecting a year-on-year increase of 142.68% [2]. - Since its A-share listing, Guoli Electronics has distributed a total of 98.36 million yuan in dividends, with 68.31 million yuan distributed over the past three years [3]. Stock Performance - As of September 15, Guoli Electronics' stock price was 64.18 yuan per share, down 2.15% during the trading session. The stock has increased by 58.63% year-to-date but has seen a decline of 5.76% over the past five trading days and 5.49% over the past 20 days [1]. - The company has a total market capitalization of 6.117 billion yuan, with a trading volume of 50.19 million yuan and a turnover rate of 0.81% [1]. Shareholder Information - As of August 29, the number of shareholders for Guoli Electronics was 5,374, an increase of 1.92% from the previous period. The average number of circulating shares per shareholder was 17,736, a decrease of 1.88% [2]. - Among the top ten circulating shareholders, the third-largest is the XINGQUAN Multi-Dimensional Value Mixed Fund, holding 2.8668 million shares, unchanged from the previous period. The sixth-largest, XINGQUAN He Feng Three-Year Holding Mixed Fund, holds 1.6585 million shares, a decrease of 202,800 shares from the previous period [3]. Business Segmentation - The main business revenue composition of Guoli Electronics includes: DC contactors (60.00%), vacuum relays (17.87%), AC contactors (11.50%), vacuum capacitors (5.33%), vacuum active devices (3.49%), and others (1.80%) [1].

Core Viewpoint - Guokui Co., Ltd. has shown significant growth in revenue and net profit, indicating strong business performance and investor interest in the company [2][3]. Financing Summary - On August 25, Guokui Co., Ltd. had a financing buy-in amount of 24.45 million yuan, with a net financing buy of 5.15 million yuan, while the total financing and securities balance reached 314 million yuan [1]. - The current financing balance of 314 million yuan accounts for 4.88% of the circulating market value, which is above the 80th percentile level over the past year, indicating a high level of financing activity [1]. - There were no securities sold or repaid on August 25, with a securities balance of 0, which is also at a high level compared to the past year [1]. Business Performance - As of July 31, the number of shareholders for Guokui Co., Ltd. increased by 7.56% to 4,797, while the average circulating shares per person decreased by 7.03% to 19,869 shares [2]. - For the first half of 2025, Guokui Co., Ltd. reported a revenue of 569 million yuan, representing a year-on-year growth of 70.49%, and a net profit attributable to shareholders of 35.73 million yuan, up 142.68% year-on-year [2]. Dividend Information - Since its A-share listing, Guokui Co., Ltd. has distributed a total of 98.36 million yuan in dividends, with 68.31 million yuan distributed over the past three years [3]. Shareholding Structure - As of June 30, 2025, the top ten circulating shareholders include prominent funds, with XQ Multi-Dimensional Value Mixed A holding 2.87 million shares, unchanged from the previous period, while XQ He Feng Three-Year Holding Mixed reduced its holdings by 202,800 shares to 1.66 million shares [3].

《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等相关法 律法规及规范性文件，对国力股份控股子公司通过增资实施股权激励及公司放弃 优先认购权暨关联交易相关事项进行了核查，核查情况如下： 招商证券股份有限公司 关于昆山国力电子科技股份有限公司控股子公司通过增资 实施股权激励及公司放弃优先认购权暨关联交易的核查意见 招商证券股份有限公司（以下简称"招商证券"、"保荐人"）作为昆山国力 电子科技股份有限公司（以下简称"国力股份"、"公司"）持续督导的保荐人， 根据《证券发行上市保荐业务管理办法》、 《上海证券交易所科创板股票上市规则》、 一、关联交易概述 昆山国力源通新能源科技有限公司（以下简称"国力源通"）为公司控股子 公司，主营业务为直流接触器等产品的研发、生产和销售。为进一步提升国力源 通竞争力，提高资本规模、优化资本结构、补充营运资金，建立与员工利益共享、 风险共担的长效激励机制，充分调动国力源通经营管理团队、核心员工的工作积 极性，促进国力源通长远发展，公司同意国力源通面向其部分高管、核心技术人 员、骨干员工增资扩股以实施股权激励。 国力源通拟根据2024年12月31日经审计净资产9,1 ...

证券代码：688103 证券简称：国力股份 公告编号：2025-046 转债代码：118035 转债简称：国力转债 昆山国力电子科技股份有限公司 关于控股子公司通过增资实施股权激励及公司放弃 （以下简称"昆山源宇"）认缴，国力源通股东国力股份及上海良泉投资有限公 司放弃对国力源通本次股权激励增发股权的优先认购权。本次交易完成后，公司 持有的国力源通股权比例将由 96.4286%下降为 83.2483%，公司仍为国力源通控 股股东，国力源通仍为公司合并报表范围内的控股子公司。 ? 国力源通部分高管、核心技术人员、骨干员工拟通过公司监事李清华先生 担任执行事务合伙人的员工持股平台昆山源宇参与本次股权激励。其中，公司监 事李清华先生拟通过昆山源宇间接参与本次激励，获授予 440 万元注册资本，对 应认缴金额 440 万元；公司董事黄浩先生近亲属黄郅琪先生拟通过昆山源宇间接 参与本次激励，获授予 50 万元注册资本，对应认缴金额 50 万元。 昆山源宇为公司的关联法人，李清华先生和黄郅琪先生为公司的关联自然人， 因此公司控股子公司通过增资实施股权激励及公司放弃优先认购权构成关联交 易事项。本次关联交易未达到《上市公司 ...

Core Viewpoint - The company plans to invest 1.141 billion yuan in the construction of the Sinok New Energy Technology Park project to expand its production capacity for fuse products and related components, aiming for long-term growth and enhanced competitiveness [1][2]. Investment and Expansion - The total investment for the Sinok New Energy Technology Park project is 1.141 billion yuan, which will be used for building factories, R&D facilities, and purchasing machinery for the production of traditional fuses, incentive fuses, circuit breakers, DC contactors, current sensors, and integrated products [2]. - The project is located in Xi'an and is expected to be completed by the end of 2027 [2]. - The investment aligns with the company's strategic planning and operational needs, aiming to optimize production processes and enhance R&D capabilities [2]. Financial Performance - The company expects to achieve a net profit attributable to shareholders of 121 million to 151 million yuan in the first half of 2025, representing a year-on-year growth of 84.71% to 130.43% [4]. - In the first quarter of 2025, the company's revenue was 390 million yuan, with a year-on-year increase of 44.98%, and a net profit of approximately 60.75 million yuan, up 125.81% [5]. - The net profit has shown continuous growth for five consecutive quarters, with growth rates of 58.22%, 90.92%, and 112.38% from the second to the fourth quarter of 2024 [6]. Market Trends - The company's main business involves the R&D, production, and sales of fuses and related components, primarily serving the new energy generation and consumption sectors [4]. - The demand for circuit protection components is rapidly increasing, driven by the growth in the new energy and communication industries [4]. - In 2024, the company generated 897 million yuan in revenue from the new energy vehicle sector, accounting for 63.13% of total revenue, with a year-on-year growth of 50.47% [4].

Core Viewpoint - The company reported a strong performance in Q1 2025, with revenue and net profit showing significant year-on-year growth, aligning with expectations [1] Group 1: Financial Performance - Q1 2025 revenue reached 1.089 billion yuan, representing a year-on-year increase of 15.53% [1] - The net profit attributable to shareholders was 103 million yuan, up 15.15% year-on-year [1] - The non-recurring net profit attributable to shareholders was 100 million yuan, reflecting a 15.92% increase year-on-year [1] Group 2: Development Trends - The renewable energy sector is expected to maintain high growth, while the decline in real estate-related business is anticipated to narrow [2] - As of the end of March, the installed capacity for solar and wind power in China increased by 43.4% and 17.2% year-on-year, respectively [2] - The company is likely to benefit from the high demand in wind and energy storage products, which are expected to enhance profit margins [2] - In the infrastructure and smart building sectors, the decline in housing completion area was -14.3% in Q1 2025, an improvement from -20.4% in the same period of 2024 [2] Group 3: Market Opportunities - The data center sector is experiencing accelerated domestic substitution, presenting significant growth opportunities [3] - The company has over 20 years of experience in the data center field, offering a range of products and solutions [3] - With the acceleration of AIDC construction, the company is positioned to capture market share in high-end segments [3] Group 4: Profitability and Cash Flow - The company's gross margin increased by 3.9 percentage points to 31.6% in Q1 2025, attributed to improved cost control and a higher proportion of high-margin product deliveries [3] - Operating cash flow reached 53.89 million yuan, marking an 86.94% year-on-year increase [3] Group 5: Profit Forecast and Valuation - The company maintains its profit forecasts for 2025 and 2026, with the current stock price corresponding to P/E ratios of 21.0x and 17.0x for those years [4] - The target price has been raised by 12.6% to 9.8 yuan, indicating a potential upside of 20.4% from the current stock price [4]