民生证券股份有限公司 关于宁波卡倍亿电气技术股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐机构（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二零二五年六月 宁波卡倍亿电气技术股份有限公司 上市保荐书 声 明 民生证券股份有限公司（以下简称"保荐机构"、"本保荐机构"）作为宁波 卡倍亿电气技术股份有限公司（以下简称"卡倍亿"、"发行人"或"公司"）宁 波卡倍亿电气技术股份有限公司向不特定对象发行可转换公司债券（以下简称 "本次发行"）的保荐机构，本保荐机构及其指派的保荐代表人已根据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简 称"《证券法》"）、 《上市公司证券发行注册管理办法》 《证券发行上市保荐业务管 理办法》等法律法规和中国证券监督管理委员会（以下简称"中国证监会"）及 深圳证券交易所有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则 和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中如无特别说明，相关用语具有与《宁波卡倍亿电气技术股份 有限公司向不特定对象发行可转换公司债券募集说明书》中相同的 ...

股票简称：卡倍亿 股票代码：300863 宁波卡倍亿电气技术股份有限公司 Ningbo KBE Electrical Technology Co.,Ltd. （住所：宁海县桥头胡街道汶溪周工业区） 向不特定对象发行可转换公司债券 募集说明书 （申报稿） 保荐机构（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 公告时间：2025 年 6 月 宁波卡倍亿电气技术股份有限公司 募集说明书（申报稿） 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，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 宁波卡倍亿电气技术股份有限公司 募集说明书（申报稿） 重大事项提示 公司特别提示投资者对下列重大事项给予充分关注，并仔细阅读本募集说 明书中有关风险因素的章节。 ...

新亚电子在互动平台表示，公司目前"藕芯结构"解决方案已在PCIe系列产品实现规模量产，公司具备规 模化量产的技术储备和产线基础，目前在224G/448G外部高速铜缆上处于推广应用阶段。 ...

2025.07.10 游资、私募都在用，投研神器，又稳又准。 解锁【第一财经——研报金选】 【 金 选 导 读 】 1、 四部门定调！2 0 2 7年大功率充电设施将超1 0万台，当前渗透率仅8 . 5% ，机构点名 看好这两家公司。 2、AI算力激增带火这一细分！复合增速45%，这些企业卡位千亿赛道（附标的池）。 1、充电桩｜ 四部门定调！2 0 2 7年大功率充电设施将超1 0万台，当前渗透率仅8 . 5% ，机 构点名看好这两家公司 * * * *认为大功率充电设施的加速渗透将为产业链带来业绩增量：制造端，大功率化对桩和 模块环节提出更高技术要求（包括功率密度、充放电效率、散热安全等），加速行业格局 优化，同时考虑国内价格战接近尾声+出海+大功率产品迭代，桩和模块龙头或将享受量利 齐升，推荐. . . . . . 点此解锁 相关受益标的 研报观点： ①在AI浪潮中，铜互连因其低成本和低功耗优势在短距离连接中份额提升. . . . . . 研报观点： ①四部门联合发布通知，明确未来大功率充电设施发展目标. . . . . . ②通知给予多方面的指引，为大功率充电设施发展铺平道路. . . . . . ③快 ...

CPO、铜缆等算力硬件股再度走强， 长芯博创涨超10%创历史新高， 铭普光磁涨停， 新亚电子、 鹏鼎 控股涨超5%， 罗博特科、 德科立、 神宇股份、 瑞可达等跟涨。消息面上， 英伟达收涨1.8%续创历史 新高，总市值盘中一度突破4万亿美元。 ...

Group 1 - The article highlights the importance of weekly announcements from Sunday to Thursday, which include significant stock market updates such as suspensions, increases or decreases in holdings, investment wins, acquisitions, earnings reports, unlocks, and high transfers [1] - It emphasizes the identification of investment hotspots and the prevention of potential black swan events, providing investors with ample time to analyze and find suitable listed companies [1] Group 2 - A company is making progress in high-speed copper cable AEC-related products and has various offerings in the field of embodied intelligent robots [1] - Another company is collaborating with Zhejiang University to develop embodied intelligent handling robots and is actively researching solid-state battery technology [1] - A third company is expected to see its net profit double year-on-year in the first half of the year, focusing on innovative drugs, weight loss medications, smart healthcare, and virtual digital humans [1]

2025 年 07 月 09 日 开源晨会 0709 ——晨会纪要 沪深300 及创业板指数近1年走势 -16% 0% 16% 32% 48% 64% 2024-07 2024-11 2025-03 沪深300 创业板指 晨 会 纪 数据来源：聚源 昨日涨跌幅前五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 通信 | 2.892 | | 电力设备 | 2.303 | | 电子 | 2.272 | | 建筑材料 | 2.125 | | 传媒 | 1.730 | | 数据来源：聚源 | | 昨日涨跌幅后五行业 | 行业名称 | 涨跌幅(%) | 行业公司 | | --- | --- | --- | | 公用事业 | -0.374 | | | 银行 | -0.243 | -20250708 | | 家用电器 | 0.215 | | | 交通运输 | 0.223 | | | 医药生物 | 0.307 | | | 数据来源：聚源 | | | 吴梦迪（分析师） wumengdi@kysec.cn 证书编号：S0790521070001 观点精粹 总量视角 【宏观经济】工业生产趋缓，地产成交趋弱 ...

Group 1 - The core point of the article is that Xinya Electronics (605277) has issued a risk warning regarding its stock trading, highlighting the significant market attention on its "lotus root structure" technology solution [1] - The revenue contribution from the "lotus root structure" technology applied in the company's high-frequency and high-speed copper cable connection line - PCIe series products is less than 3.31% [1] - The technology has not yet been mass-produced for external high-speed copper cables [1]

Market Overview - The market showed strong performance with all three major indices rising, particularly the ChiNext Index which surged by 2.25%, and over 3,900 stocks in the market increased in value, indicating heightened capital activity [1] Solar Energy Sector - The solar energy sector experienced significant gains with stocks like Shihang New Energy, Yijing Photovoltaic, and Tongwei Co. hitting the daily limit, driven by supportive policies from the Ministry of Industry and Information Technology aimed at promoting high-quality development in the solar industry [3] - New policies in regions like Yunnan are supporting the integration of solar manufacturing and power generation, leading to accelerated supply-side reforms and the exit of outdated production capacity, benefiting leading companies [3] - Technological innovations such as BC batteries and perovskite breakthroughs have greatly enhanced the competitiveness of solar companies [3] Computing Hardware Sector - The computing hardware sector saw notable performance with companies like Yihau New Materials and Xinyi Sheng reaching historical highs, driven by the explosive demand for AI computing power following the launch of NVIDIA's GB200 server [3] - The development of ASIC chips is accelerating, with expected shipments surpassing GPUs next year, which is a long-term positive for the entire computing supply chain [3] - Industrial Fulian, a leading global electronics manufacturer, is deeply tied to top clients like NVIDIA, showing strong performance in stock prices [3] Gaming Sector - The gaming sector also performed well, with companies like Ice Glacier Network and Giant Network seeing significant gains due to a substantial increase in the number of game licenses, reaching a 22-year high in June [4] - Supportive policies for the gaming industry are enhancing market expectations for profitability, while AI technology is improving development efficiency and user experience [4] Building Materials Sector - The building materials sector showed positive performance with companies like International Composite Materials and Shandong Fiberglass hitting the daily limit, driven by ongoing "anti-involution" policies aimed at improving industry fundamentals [4] - The central financial meeting emphasized the need to eliminate low-price disorderly competition, which is favorable for leading building material companies [4] Consumer Electronics and PCB Sectors - The consumer electronics sector benefited from increased tariffs on Vietnam by the U.S., highlighting the advantages of Chinese manufacturing, alongside domestic policies stimulating demand [4] - The PCB sector is experiencing growth due to surging demand for high-end products in AI servers and automotive electronics, with leading companies accelerating production [4] Underperforming Sectors - The banking sector saw declines, with major banks like Shanghai Pudong Development Bank dropping over 2%, attributed to tightening liquidity at month-end and institutional reallocation of funds [5] - The power sector also faced a pullback, influenced by changing demand expectations following high temperatures [5] - The insurance sector and controlled nuclear fusion sector underperformed due to regulatory impacts and previous overvaluation, respectively [5] Conclusion - Overall, the market displayed a clear structural trend with strong performances in solar, computing, and gaming sectors, while banking and power sectors lagged behind [5]

摘要 沃尔核材 20250706 ISIC 渗透改变价值分配，将部分英伟达利润转移至定制设计和台积电加 工，同时提升了疏通设备的重要性，为 A 股相关企业带来机遇，尤其利 好疏通设备领域。 前期光模块和 PCB 表现强势，但铜连接领域 A 股表现相对较弱，美股表 现更佳，如博通、英伟达涨幅约 20%，安菲诺、Credo 涨幅约 40%，Credo 三个月内股价接近翻三倍。 铜连接作为 AI 数据中心机柜内传输的最优解，在未来两三年内仍将占据 主导地位，性能和价格优势明显，但中国市场对铜连接器下游的定价和 景气度感受存在延迟。 沃尔核材子公司乐庭智联专注于高速数通领域铜缆，产品需保证信号保 真、均匀一致和强绝缘性能，生产工艺要求高，采用 FEP 发泡材料提升 绝缘性。 沃尔核材凭借乐庭智联在高速数通领域的领先优势被推荐为投资标的， 其技术和产品已获海外市场认可，但国内市场尚未充分体现，具备投资 机会。 Q&A 海外 AI 链的行情火热背后的主要逻辑是什么？ 海外 AI 链行情火热的一个重要逻辑是 ISIC（定制化集成电路）的渗透带来的价 值量重构。过去英伟达在销售 GPU 时，毛利率水平一直保持较高，最新产品毛 ...