同时，华丰科技在新能源汽车领域也有新进展，开发了车载光纤连接器、低成本模块化充电插座等产 品。随着新能源汽车智能化程度不断提高，对连接器的性能要求也越来越高。华丰科技的这些新产品有 助于提升新能源汽车的智能化水平，为智能驾驶等人工智能应用在汽车领域的拓展提供了硬件支持。此 外，华丰科技在低空载人eVTOL领域开发了高压、低压电控箱产品。 华丰科技作为我国率先从事电连接器研制和生产的核心骨干企业，其连接器产品在高精尖数据传输领域 占据关键地位。在当前"人工智能+"浪潮下，数据的高速、稳定传输至关重要，华丰科技的产品为AI服 务器、数据中心交换机、核心路由器等设备提供了不可或缺的解决方案。 华丰科技相关负责人表示，公司紧抓数据中心基础设施升级、AI算力需求爆发及新能源汽车渗透率提 升三重机遇，业绩实现突破性增长。上半年，在AI服务器需求激增的背景下，华丰科技凭借前瞻性技 术布局和快速产业化能力，深度绑定头部AI服务器厂商，成功实现市场占位与规模跃升，进一步巩固 了其在人工智能产业链中的地位。 报告期内，华丰科技在超算领域持续发力，相继开发多款56G、112G背板及模组产品，并向224G持续 升级迭代。这些高速产品 ...

平高电气核心业务为高压、超高压、特高压交直流开关设备的研发、制造、销售和服务，开关设备需求与电力行业发电装机及电源、电网建设密切相关。 半年报显示，上半年，平高电气在电网及特高压领域中标金额同比大幅增长，市场占有率名列前茅。在国际市场拓展方面，平高电气开展重点国别调研，制 定单机业务拓展规划，中标了沙特5台132千伏高压产品，420千伏GIS产品则首次打入墨西哥市场。 业绩增长得益于平高电气坚持研发创新。上半年，平高电气投入研发费用2.39亿元，同比增长48.32%。平高电气科技创新成果显著，荣获省部级及以上科技 奖项10项，9项新产品通过国家级鉴定，8项国际领先。标准制定方面，平高电气发布1项国际标准、2项国家标准，并申报国家首台（套）重大装备6项。 值得注意的是，上半年，平高电气加速推进数智转型成果落地，先后取得现场安装数字化平台在28项工程中应用、"AI+财务"和"磐石"大模型入选河南省人 工智能创新应用名单、国家首批卓越级智能工厂、省内首家通过数字化转型和数据管理成熟度3级认证等多项成果。 8月20日，平高电气（600312.SH）披露2025年上半年业绩。平高电气上半年实现营收56.96亿元，同比增 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was conducted on July 9, 2025, at the company's meeting room in Huzhou, Zhejiang Province, with 12 participants from various securities firms and individual investors [3] - The company was represented by key personnel including the Chairwoman, General Manager, and Financial Officer [3] Group 2: Company Performance and Projects - The fundraising projects have been fully completed, with an expected capacity increase of 70,000 tons, addressing the company's capacity bottleneck [4] - The launch of the 20,000-ton ultra-high voltage project positions the company among the few capable of mass production of high and ultra-high voltage cable materials, enhancing its technical level and industry status [4] - Sales of 110kV high voltage products have commenced, with ongoing efforts to test and produce 220kV products [4] Group 3: Market Environment and Strategy - The downstream market demand was initially sluggish due to the Spring Festival but began to improve from March onwards [5] - Upstream material prices have stabilized after a rapid decline since December, although fluctuations remain due to international circumstances [5] - The company plans to closely monitor market dynamics and adjust strategies to maximize operational efficiency [5] Group 4: Future Business Development - In the short term, the company will focus on the economic benefits of the "special cable environmentally friendly polymer material industrialization expansion project," as well as expanding its flame-retardant materials business and overseas markets [6] - The long-term strategy involves concentrating on niche markets within the stable and broad application market of the wire and cable industry, continuously enriching the product series and strengthening brand advantages [6]

Investment Rating - The report maintains a positive outlook on the industry, suggesting a focus on high-quality stocks with stable growth and reasonable valuations, particularly in the context of the North Exchange [3][5]. Core Insights - The North Exchange 50 Index experienced a significant increase of 100.53% over the past year, indicating strong market performance compared to other indices [2][10]. - The report highlights the recent listing of Guangxin Technology, which specializes in high-pressure transformers and insulation materials, projecting a revenue of 578 million yuan and a net profit of 116 million yuan for 2024 [27][28]. - The report emphasizes the importance of focusing on companies with stable performance and growth potential, particularly in sectors such as power equipment, computing, and communication, which have shown strong performance recently [21][27]. Summary by Sections North Exchange Market Overview - As of June 27, 2025, the North Exchange A-share component stocks totaled 268, with an average market capitalization of 3.139 billion yuan. The North Exchange 50 Index rose by 6.84% during the week [10][15]. - The trading volume increased, with an average daily turnover of 34.049 billion yuan, up 18.09% from the previous week [24][25]. New Stock Updates - Guangxin Technology was listed on June 26, 2025, focusing on high-pressure and ultra-high-pressure transformer products, with a significant growth trajectory in revenue and profit from 2021 to 2024 [27][28]. - The report notes that one company, Aomeisen, passed the review this week, while another, Jinhua New Materials, is scheduled for review next week [33]. Key Companies and Earnings Forecast - The report identifies several key companies with their respective earnings per share (EPS) and price-to-earnings (PE) ratios, recommending "Buy" for Tongli Co. and Wuxin Tunnel Equipment, and "Hold" for Kaide Quartz and Hualing Co. [5][34]. - For instance, Tongli Co. is projected to have an EPS of 1.99 in 2025 with a PE ratio of 10.84, indicating strong investment potential [5].

Core Viewpoint - The event held in Inner Mongolia highlights the region's potential for industrial transfer, focusing on green and innovative development across various sectors, including new energy equipment, new materials, and low-altitude economy [1][2]. Group 1: Industrial Development - Inner Mongolia is leveraging its unique resource endowments, particularly in wind and solar energy, to attract industrial transfer and promote green development [2]. - The establishment of the Inner Mongolia Northern Jiaxuan Technology Co., Ltd. aims to create a production base for rare earth permanent magnet motors, with plans to develop a thousand-unit production line and a research center [3]. - The region is expected to generate an output value exceeding 500 billion yuan in new materials, focusing on green alloy materials and aluminum-based new materials [4]. Group 2: Strategic Location and Infrastructure - Inner Mongolia's geographical advantages include connections to Northeast China, Beijing-Tianjin-Hebei, and international markets through multiple ports, enhancing its role as a strategic hub for economic corridors [5]. - The region is positioned as a key player in the "Belt and Road" initiative, with companies like Jiangsu Jiaxuan utilizing Inner Mongolia as a base for expanding into the Mongolian and Russian markets [5]. Group 3: Policy and Environment - The Inner Mongolia government is committed to optimizing the business environment by introducing new policies and support measures to facilitate industrial development and attract investment [7]. - A significant investment fund has been established to support high-quality industrial development, ensuring that companies can benefit from favorable policies [7]. - Continuous improvements in infrastructure and resource allocation are being implemented to meet the needs of enterprises and enhance their operational efficiency [7].

Group 1: Land Market Activity - In the first quarter, a total of 8,405.57 acres of state-owned construction land were supplied in Foshan, with industrial land supply being particularly strong at 2,668.41 acres, accounting for 32% of the total [1] - The land market in the second quarter has seen positive developments, including the acquisition of land by Chint Electric for a project in the Two Rivers and Four Lakes Pilot Zone [1][2] Group 2: Company Developments - Chint Electric won a plot of land in Nanhai District, planning to build a smart integrated distribution industry base and headquarters in South China, with an expected annual output value of approximately 2 billion yuan after reaching full production [2] - Guangdong Electric General Storage Technology Co., Ltd. acquired a 90-acre plot for a solid-state battery production and industrial cluster project, with a total investment of 1.5 billion yuan [3][4][6] Group 3: Logistics and Infrastructure Projects - Guangdong Nankong Garden Investment Co., Ltd. successfully acquired a logistics land plot for 14.118 million yuan, covering approximately 118 acres, with a planned total construction area of about 145,000 square meters [8][10] - A local pharmaceutical company, Guangdong Huida Kang Pharmaceutical Co., Ltd., and Guangdong Tiensheng Pharmaceutical Co., Ltd. won a plot of about 50.2 acres to build a new factory with a total investment of 600 million yuan and an expected annual output value of 1 billion yuan [12][14] Group 4: New Headquarters and Industrial Bases - A project in Gaoming District plans to invest 1 billion yuan to establish a power equipment manufacturing base, focusing on smart ring network cabinets and 35KV transformers [20] - The Wanliyang independent energy storage project in Gaoming, covering 38 acres with an investment of 800 million yuan, aims to build a 200MW/400MWh independent energy storage station [22]