Group 1 - The core point of the article is that KERUN Intelligent Control (stock code: 920062) experienced significant trading activity on November 5, 2025, with a turnover rate of 30.08% and a trading volume of 40.1275 million shares, amounting to a total transaction value of 522 million yuan [1] Group 2 - The top buyer was Guosen Securities Co., Ltd. Shenzhen Internet Branch, purchasing shares worth 13.1795 million yuan [1] - The top seller was also Guosen Securities Co., Ltd. Shenzhen Internet Branch, selling shares worth 19.6294 million yuan [1]

Core Points - The total trading volume of stocks on the Beijing Stock Exchange reached 1.007 billion shares, with a total transaction value of 22.218 billion yuan, a decrease of 7.31 billion yuan compared to the previous trading day [1] - Among the traded stocks, 182 stocks closed higher, accounting for 65.00% of the total, with notable gainers including Caneng Power, Yinen Power, and Guangxin Technology, which rose by 29.96%, 20.79%, and 13.30% respectively [1] - Conversely, 94 stocks closed lower, with Fujida, Digital Human, and Tietuo Machinery experiencing declines of 7.68%, 6.42%, and 5.16% respectively [1] Trading Activity - A total of 62 stocks had transaction values exceeding 100 million yuan, with Fujida, Better Ray, and Kerun Intelligent Control leading at 662.36 million yuan, 588.52 million yuan, and 522.41 million yuan respectively [1] - The trading activity showed that 27 stocks had a turnover rate exceeding 10%, with 7 stocks exceeding 20%. Additionally, 48 stocks had turnover rates between 5% and 10%, while 192 stocks had turnover rates between 1% and 5% [1] - The stocks with the highest turnover rates included Danna Biology, Caneng Power, and Yinen Power, with rates of 44.61%, 41.10%, and 32.40% respectively [1] Stock Performance - The closing prices and performance of notable stocks included: - Fujida: 37.00 yuan, down 7.68%, turnover rate 9.66%, transaction value 662.36 million yuan [1] - Better Ray: 35.74 yuan, up 0.17%, turnover rate 1.49%, transaction value 588.52 million yuan [1] - Kerun Intelligent Control: 13.13 yuan, up 5.63%, turnover rate 30.08%, transaction value 522.41 million yuan [1] - Guangxin Technology: 110.00 yuan, up 13.30%, turnover rate 16.59%, transaction value 516.98 million yuan [1] - Caneng Power: 24.90 yuan, up 29.96%, turnover rate 41.09%, transaction value 402.04 million yuan [1] - Yinen Power: 17.95 yuan, up 20.79%, turnover rate 32.40%, transaction value 352.46 million yuan [1]

Group 1 - The A-share market saw a significant surge in electric grid equipment stocks, with notable performances including Caneng Electric reaching a 30% limit up and Yinen Electric rising by 23% [1][2] - Other companies such as Shuangjie Electric, Zhongzhi Technology, Jinguang Electric, and others also experienced limit up of 20%, indicating a strong market trend in this sector [1][2] - Microsoft CEO Satya Nadella highlighted that the current challenge in the AI industry is not an excess of computing power but rather a lack of sufficient electricity to support all GPU operations [1] Group 2 - Caneng Electric's market capitalization is reported at 2.244 billion, with a year-to-date increase of 157.73% [2] - Yinen Electric has a market cap of 1.851 billion and a year-to-date increase of 21.78% [2] - Other companies like Shuangjie Electric and Zhongzhi Technology have market caps of 7.898 billion and 4.735 billion respectively, with year-to-date increases of 42.71% and 37.87% [2]

科润智能控制股份有限公司 证券代码：920062 证券简称：科润智控 公告编号：2025-132 第四届董事会第十五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 10 月 29 日 2.会议召开地点：公司会议室 3.会议召开方式：现场结合通讯 4.发出董事会会议通知的时间和方式：2025 年 10 月 27 日以书面和电话方式 发出 5.会议主持人：董事长王荣先生 6.会议列席人员：其他高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开、表决程序等方面符合《中华人民共和国公司法》和 《公司章程》的有关规定。 （二）会议出席情况 本议案经公司第四届董事会审计委员会第七次会议事前审议通过。 3.回避表决情况： 本议案不涉及回避表决。 4.提交股东会表决情况： 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事潘自强、刘杰、冯震远因个人工作安排以通讯方式参与表决。 二、议案审议情况 （一）审议通 ...

财通证券股份有限公司 关于科润智能控制股份有限公司 新增预计 2025 年日常性关联交易的核查意见 财通证券股份有限公司（以下简称 （财财通证券"财保荐机构"）作为科润智能 控制股份有限公司（以下简称 （财公司"财科润智控"）向不特定合格投资者公开发 行股票的保荐机构，对科润智控履行持续督导义务。根据《证券发行上市保荐业 务管理办法》《北京证券交易所股票上市规则》（《北京证券交易所上市公司持续 管办法（以行行）》《北京证券交易所证券发行上市保荐业务管理细则》等相关规定， 保荐机构对科润智控新增预计 2025 年日常性关联交易的事项进行了核查，具体 情况如简： 一、日常性关联交易新增预计情况 根据公司生产经营情况，公司需新增预计 2025 年度可能发生的日常性关联 交易，具体情况如简： 单位：元 | | | | | | | 2024 年与关联 | 调整后预计金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 关联交易 | 主要交易内 | 原预计 2025 年 | 2025 年累计已发 | 新增预计 2025 | 调整后预计 2025 | 方实际发生金 ...

证券代码：920062 证券简称：科润智控 公告编号：2025-134 科润智能控制股份有限公司 关于新增预计 2025 年日常性关联交易的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、 日常性关联交易预计情况 （一） 预计情况 科润智能控制股份有限公司（以下简称"公司"）于 2025 年 2 月 5 日召开第四届董 事会第八次会议，并于 2025 年 2 月 24 日召开 2025 年第一次临时股东大会，审议通过 了《关于预计 2025 年日常性关联交易的议案》。 | 接受关联 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 人委托代 为销售其 产品、商品 | | | | | | | | | 关联方为公司 融资提供担保 及与关联方江 | | | | | | | 其他 | 山农商行发生 | 1,800,000,000.00 | 743,584,022.14 | | 1,800,000,000.00 | 767,597,57 ...

Core Viewpoint - On October 15, 2025, KERUN Intelligent Control (920062) experienced significant trading activity, with a turnover rate of 20.68% and a trading volume of 27.58 million shares, amounting to a transaction value of 334 million yuan [1]. Trading Activity Summary - The stock reached a turnover rate of 20.68% on the trading day, indicating high investor interest [1]. - Total trading volume was 27.58 million shares, with a total transaction value of 334 million yuan [1]. - The top buying seat was Northeast Securities Co., Ltd. Foshan Branch, purchasing shares worth approximately 15.47 million yuan [2]. - The top selling seat was Huafu Securities Co., Ltd. Yong'an Yongle Road Securities Business Department, selling shares worth approximately 61.40 million yuan [2].

Investment Rating - The report indicates a positive outlook for the energy storage industry, particularly focusing on lithium-ion battery technologies and their advancements [1][2]. Core Insights - The research highlights significant progress in solid-state lithium batteries, particularly in solid-solid interface contact, which is crucial for their engineering applications [6][7]. - The electrochemical energy storage sector is experiencing rapid growth, with a notable increase in installed capacity and technological diversification [10][11]. - As of June 2025, the total operational energy storage capacity reached 75.79 GW/175.12 GWh, with lithium-ion batteries dominating the market [25][36]. Summary by Sections 1. Rapid Development of Electrochemical Energy Storage Technologies - The report emphasizes the advancements in solid-state lithium batteries, which are seen as the next generation of energy storage devices due to their high safety and energy density [6][7]. - The energy storage technology landscape is diversifying, with lithium-ion batteries maintaining a dominant position, accounting for 97.34% of the total operational energy storage capacity as of June 2025 [36][19]. 2. Market Performance of North Exchange Technology Growth Stocks - The median price change for North Exchange technology growth stocks was +0.11% from October 9 to October 10, 2025, with 80 companies (52%) experiencing an increase [42][44]. - Notable performers included Changfu Co., Ltd. (+29.89%) and Lingge Technology (+29.82%) [45]. 3. Industry Valuation Metrics - The median TTM price-to-earnings ratio for the new energy industry increased by 1.70% to 38.7X, indicating a positive valuation trend [46]. - The electronic equipment sector's median TTM P/E ratio rose from 57.8X to 58.6X, reflecting a stable market environment [46]. 4. Company Announcements - Tianhong Lithium Battery and Shaanxi Hongda Electric Power Engineering Co., Ltd. plan to jointly establish a holding subsidiary with a registered capital of RMB 50 million [4]. 5. Energy Storage Industry Overview - The report identifies 24 companies within the energy storage industry chain on the North Exchange, categorized into upstream (materials & production equipment), midstream (manufacturing & integration), and downstream (systems & operations) sectors [37][39]. - The report notes that large-scale energy storage projects (over 100 MW) are becoming increasingly prevalent, with a significant portion of new installations focusing on independent energy storage systems [33][30].