7月8日，英搏转债盘中上涨2.33%报170.682元/张，成交额7509.03万元，转股溢价率11.42%。 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 权和股权的特征。一般而言，持有人可按照发行时约定的价格将债券转换成公司的普通股票的债券。如 果债券持有人不想转换，则可以继续持有债券，直到偿还期满时收取本金和利息，或者在流通市场出售 变现。 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 ...

Core Viewpoint - Suzhou Huichuan United Power System Co., Ltd. (referred to as "United Power") has gained significant market attention following its successful IPO approval on the ChiNext board, marking a benchmark for spin-off listings in the A-share market due to its clear independent main business and leading market position [1] Group 1: Company Overview - United Power is the only entity within the Huichuan Technology system that operates electric drive and power systems for new energy vehicles, showcasing a complete and independent product development, production, and sales system [3][4] - The company has achieved rapid revenue growth, with revenues of 29.03 billion, 50.27 billion, 93.65 billion, and 161.78 billion from 2021 to 2024, reflecting a compound annual growth rate of approximately 79.39% [4][8] - As of May 2025, United Power has an order backlog of 78.59 billion, indicating strong short-term performance support [4] Group 2: Market Position - United Power holds a leading position in the new energy vehicle core component market, with a market share of approximately 10.7% for electric control products, 10.5% for motors, 6.3% for drive assemblies, and 4.5% for on-board chargers [5] - The company is recognized as the largest independent third-party power system supplier in China, which is a core support for its successful IPO [4][5] Group 3: Technological Leadership - United Power has invested heavily in R&D, with expenditures of 57.18 million, 62.56 million, and 90.84 million over the past three years, totaling 210.58 million [8] - The company has established a robust R&D team of over 1,800 personnel, with more than half holding master's or doctoral degrees, focusing on high-power density, high efficiency, and low noise technologies [8] - United Power has developed 26 core product technologies and 6 platform technologies, holding 98 invention patents and 407 utility model patents, achieving breakthroughs in key technologies such as IGBT/SiC power modules [8][9] Group 4: Industry Impact - The successful listing of United Power is expected to significantly influence the development of China's new energy vehicle industry chain, enhancing the domestic supply chain and promoting technological upgrades [9] - The company’s expansion and technological advancements are anticipated to stimulate regional economic growth and support the transformation of traditional industries [9]

中国经济网北京6月13日讯 深交所上市审核委员会2025年第11次审议会议于昨日召开，审议结果显示， 苏州汇川联合动力系统股份有限公司（以下简称"联合动力"）首发符合发行条件、上市条件和信息披露 要求。这是今年过会的第24家企业（其中，上交所和深交所一共过会15家，北交所过会9家）。 请发行人结合期后国内新能源汽车行业发展趋势、产业政策变化、前五大客户自建供应链进展情况，以 及产品价格、原材料价格变化等，说明发行人业绩增长是否具有可持续性，并在招股说明书中进行针对 性的重大风险提示。请保荐人发表明确意见。 联合动力致力于成为全球领先的智能电动汽车部件及解决方案提供商，主要产品包括电驱系统（电控、 电机、三合一/多合一驱动总成）和电源系统（车载充电机、DC/DC 转换器、二合一/三合一电源总成） 等动力系统核心部件。 截至招股说明书签署日，汇川技术直接持有联合动力94.51%股份，系联合动力的控股股东。 截至 2024 年 12 月 31 日，朱兴明直接持有汇川技术 1.66%股份，持有汇川投资 21.7029%的股权；其女 儿朱瀚玥直接持有汇川技术 0.41%股份，持有汇川投资 21.7029%的股权。根据《 ...

Core Viewpoint - Suzhou Huichuan United Power System Co., Ltd. has successfully passed the IPO review on the Shenzhen Stock Exchange's ChiNext board, aiming to raise approximately 4.857 billion yuan to enhance its position as a leading provider of intelligent electric vehicle components and solutions [1] Group 1: Company Overview - The company focuses on electric drive systems and power systems, including core components such as electric control, motors, and onboard chargers [1] - United Power is a leader in the new energy vehicle power system industry, providing solutions to over 40 vehicle manufacturers and more than 170 vehicle models [1] - The company plans to deliver over 4.5 million power system products in 2024, participating in the entire lifecycle of new energy vehicles [1] Group 2: Market Position - In the passenger vehicle sector, the company holds approximately 10.7% market share in electric control products, ranking first among third-party suppliers [2] - The company also has a 10.5% market share in motors, ranking first among third-party suppliers, and a 6.3% share in drive assemblies, ranking fourth [2] Group 3: Financial Information - The company reported revenues of approximately 5.027 billion yuan, 9.365 billion yuan, and 16.178 billion yuan for the years 2022, 2023, and 2024, respectively [3] - Net profits for the same years were -180 million yuan, 186 million yuan, and 936 million yuan, indicating a significant turnaround in profitability [3] - As of the end of 2024, total assets are projected to be approximately 18.072 billion yuan, with equity attributable to shareholders at around 4.836 billion yuan [4]

6月12日，苏州汇川联合动力系统股份有限公司创业板IPO申请获得深交所上市委审核通过。 公司前身有限公司成立于2016年9月，2023年6月整体变更为股份有限公司，发行前总股本为211,621.60万 股，拥有3家境内控股子公司、5家境外控股子公司、3家分公司和1家联营企业。截至2024年末，员工总计 8,366人。 二、控股股东、实际控股人 单位：万元 | | 创业板 | | | | | | --- | --- | --- | --- | --- | --- | | 公司简称 | 主营业务 | 2024年营收 | 2024年净利润 | 宙核结果 | 保荐/律所/审计 | | 联合动力 | 智能电动汽车部件 及解决方案提供商 | 1,617,753.13 | 91,313.91 | 通讨 | 国泰海通/北京德恒/信永中和 | 联合动力 是一家智能电动汽车部件及解决方案提供商，主要产品包括电驱系统（电控、电机、三合一/多合 一驱动总成）和电源系统（车载充电机、DC/DC转换器、二合一/三合一电源总成）等动力系统核心部件。 公司的控股股东为汇川技术，直接持有发行人94.51%股份；朱兴明先生通过汇川技术间接控制发 ...

广东绿通新能源电动车科技股份有限公司 投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 ☑业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名 | 线上参与公司 2024 年度业绩说明会的全体投资者 | | 称 | | | 时间 | 2025 年 05 月 09 日 15:00-16:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事长、总经理 张志江 | | 上市公司接 | 董事、财务总监 彭丽君 | | | 董事会秘书 江文秀 | | | 投资者提出的问题及公司回复情况： | | | 一、在技术研发上的投入情况如何？近期有哪些创新成 | | | 答：尊敬的投资者，您好。公司 2024 年度公司研发投入 | | | 2,951.38 万元。围绕电动化、智能化方向，2024 年完成了车载 | | | 仪表多媒体产品、UL/FCC 车载充电机、C727EPIC 高尔夫球车 | | | 等项目研发， ...

在国内市场，公司多个境内车企定点车型SOP 逐步放量，24Q3 与上汽奥迪正式建立合作，为其智能数 字平台首款纯电车型提供技术支持和车载电源产品，同时获得长城汽车某热门车型的项目定点。在海外 市场，公司已取得雷诺、阿斯顿马丁、法拉利等境外车企定点，并向Stellantis 集团量产发货。 公司公布24 年报与25 年一季度业绩：24 年收入63.72 亿元，同比+15.39%；归母净利润4.00 亿元，同 比-20.34%。25Q1 收入13.53 亿元，同比-1.02%；归母净利润1.01 亿元，同比-11.70%。公司25Q1 业绩 低于我们预期（1.20亿元），主要系市场竞争激烈影响盈利能力。看好公司不断突破技术壁垒，加速拓 展国内外市场。维持增持评级。 市场竞争激烈，盈利能力承压 24Q4 公司毛利率/ 净利率分别同比-9.23/-6.01pct ； 25Q1 分别同比-1.42/-0.97pct。24Q4/25Q1 毛利率/净 利率同比下滑或主要系国内市场竞争加剧。分业务来看， 24 年车载电源/ 电驱系统收入分别同比 +3.53%/+418.39%，毛利率分别同比+0.65/-2.25pct。期间 ...

车规级氮化镓技术， 成为本次车展的一大亮点： 插播： 英诺赛科、能华半导体、致能半导体、京东方华灿光电、镓奥科技、 鸿成半导体、中科 无线半导体等已确认参编《2024-2025氮化镓（GaN）产业调研白皮书》，参编咨询请联系许 若冰（hangjiashuo999）。 在上海车展上，各大汽车厂商的车型无疑是观众关注的焦点，然而，汇川联合动力、 联合电子、 浩思动力三家 核心零部件厂商也展出了最新的 汇川联合动力：展示 6.6 kW GaN车载二合一电源产品，实现 96%充电效率和4.8 kW/L整机功率密度； 联合电子：首发 超级氮化镓车载充电机， 拥有6.8kW/L最高功率密度，96%满载效率； 浩思动力： Gemini小型增程器的发电系统采用 GaN芯片， 系统整体效率提升2%。 汇川联合动力： 展示车载GaN电源 本次展会， 汇川联合动力带来 50余款最新技术及产品，包括氮化镓车载电源、 PA5T极致效率总成等。 其中， 6.6 kW GaN车载二合一电源产品 将车载充电器（OBC）与车载直流变换器（DCDC）集成，采用GaN功率器件，达到了业内领先的 96%充电效率和4.8 kW/L整机功率密度，且 整 ...

Core Viewpoint - The company focuses on the electric vehicle (EV) battery charging and discharging sector, emphasizing technological innovation and market expansion, particularly in the EV industry, while maintaining a strong commitment to research and development [5][21]. Company Overview - The company has established itself in the battery charging and discharging field, aligning with the growth of the EV market through continuous investment in technology and product development [5]. - The main products include on-board chargers (OBC), DC/DC converters, and various power modules for both vehicle-mounted and non-vehicle applications [7]. Business Model - The company employs a research and development model that combines market-driven technology trends with customized product development, ensuring alignment with customer needs and industry advancements [8][9]. - The procurement strategy is based on sales forecasts, ensuring a stable supply chain through a qualified supplier list [10]. - The production model is also sales-driven, adapting to customer orders and forecasts to optimize production efficiency [11][12]. - The sales approach is direct, focusing on collaboration with EV manufacturers and providing after-sales services [13]. Core Competitiveness - The company maintains a strong focus on technological innovation, with a significant R&D budget of 200.08 million yuan in 2024, and a dedicated team of 813 employees, representing 49.3% of the workforce [14]. - The R&D efforts are recognized by various awards from clients and government bodies, highlighting the company's innovation capabilities [15]. - The company has established a comprehensive testing system and advanced laboratory facilities to ensure product quality and compliance with international standards [16][18]. - Automation in manufacturing processes enhances production efficiency and product consistency, addressing the challenges of custom product requirements [19]. Business Performance - In the reporting period, the company achieved a revenue of 1.9338425 billion yuan, reflecting a year-on-year growth of 5.38%, with a net profit of 94.6052 million yuan [21]. - The domestic EV market saw significant growth, with production and sales reaching 12.888 million and 12.866 million units, respectively, marking increases of 34.4% and 35.5% year-on-year [22]. - The company has successfully established partnerships with major domestic and international automotive brands, enhancing its market presence [23][20]. Strategic Developments - The company has made significant progress in platform-based product development, achieving a 30% reduction in product size and a 10% decrease in component count compared to previous models [24]. - Efforts in lean production and automation have led to improved production efficiency and reduced labor costs, with ongoing construction of overseas factories to meet international demand [24]. - The company is advancing its information technology systems to enhance operational efficiency and support strategic goals [25].

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。 浙江富特科技股份有限公司 （浙江省湖州市安吉县递铺街道文昌路 505 号） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本招股说明 书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股 说明书作为投资决定的依据。 保荐人（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 浙江富特科技股份有限公司 招股说明书（注册稿） 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由 发行人自行负责；投资者自主判断发 ...