Group 1 - The core point of the article is that Sanxie Electric announced the approval of an asset sale and related party transaction at its first extraordinary general meeting of shareholders in 2026 [2] Group 2 - The announcement was made on January 16, indicating the company's proactive approach to managing its assets [2] - The asset sale is part of a strategic decision to optimize the company's portfolio and enhance shareholder value [2] - The details of the asset sale and the implications for the company's financial position were not disclosed in the announcement [2]

上海市徐汇区淮海中路 1010 号嘉华中心 45 层 邮编：200031 电话：(86-21) 5404 9930 传真：(86-21) 5404 9931 北京市竞天公诚律师事务所上海分所 关于常州三协电机股份有限公司 2026 年第一次临时股东会的 法律意见书 致：常州三协电机股份有限公司（贵公司） 北京市竞天公诚律师事务所上海分所（以下简称"本所"）接受贵公司的委 托，指派律师出席并见证贵公司 2026 年第一次临时股东会（以下简称"本次会 议"）。 本所律师根据《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》）、《上市公司股东会规则》（以下 简称《股东会规则》）、《律师事务所从事证券法律业务管理办法》（以下简称 《证券法律业务管理办法》）、《律师事务所证券法律业务执业规则（试行）》 （以下简称《证券法律业务执业规则》）等相关法律、行政法规、规章、规范性 文件及《常州三协电机股份有限公司章程》（以下简称《公司章程》）的规定， 就本次会议的召集与召开程序、召集人资格、出席会议人员资格、会议表决程序 及表决结果等事宜，出具本法律意见书。 1 2．本所律师无法对网 ...

证券代码：920100 证券简称：三协电机 公告编号：2026-001 常州三协电机股份有限公司 2026 年第一次临时股东会决议公告 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：2026 年 1 月 16 日 2.会议召开地点：江苏省常州市经济开发区富民路 222 号公司 6 楼会议室 3.会议召开方式：现场投票与网络投票相结合方式 4.会议召集人：公司董事会 5.会议主持人：董事长盛祎 6.召开情况合法合规的说明： 本次股东会会议召集、召开、议案审议程序等方面符合有关法律、行政法 规、部门规章、规范性文件和公司章程的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 19 人，持有表决权的股份总数 53,109,262 股，占公司有表决权股份总数的 71.9547%。 同意股数 53,109,262 股，占本次股东会有表决权股份总数的 100%；反对股 数 0 股，占本次股东会有表决权股份总数的 0%；弃权股数 0 股，占本 ...

Market Overview - The electric motor sector experienced a decline of 0.39% compared to the previous trading day, with Sanxie Electric leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Notable gainers in the electric motor sector included: - Huari Co., Ltd. (300626) with a closing price of 15.50, up 7.94% and a trading volume of 240,600 shares, totaling 364 million yuan [1] - Xingdesheng (603344) closed at 37.58, up 3.19% with a trading volume of 72,600 shares, totaling 269 million yuan [1] - Xiangdian Co., Ltd. (600416) closed at 16.46, up 2.75% with a trading volume of 782,600 shares, totaling 126.9 million yuan [1] - Conversely, significant decliners included: - Sanxie Electric (920100) closed at 70.00, down 3.96% with a trading volume of 26,100 shares, totaling 186 million yuan [2] - Yifan Transmission (301023) closed at 41.46, down 3.24% with a trading volume of 27,600 shares, totaling 116 million yuan [2] - Bafang Co., Ltd. (603489) closed at 29.65, down 2.76% with a trading volume of 31,600 shares, totaling 94.56 million yuan [2] Capital Flow - The electric motor sector saw a net outflow of 877 million yuan from institutional investors, while retail investors contributed a net inflow of 882 million yuan [2] - Detailed capital flow for selected stocks showed: - Xiangdian Co., Ltd. (600416) had a net inflow of 99.93 million yuan from institutional investors, but a net outflow of 52.35 million yuan from retail investors [3] - Xingdesheng (603344) experienced a net inflow of 35.82 million yuan from institutional investors, with a net outflow of 42.20 million yuan from retail investors [3] - Huari Co., Ltd. (300626) had a net inflow of 31.79 million yuan from institutional investors, but a net outflow of 67.95 million yuan from retail investors [3]

Core Insights - The stepper motor industry in China has seen significant growth, with the market size increasing from 1.739 billion yuan in 2016 to an expected 3.89 billion yuan by 2024, representing a compound annual growth rate (CAGR) of 10.59% [1][9] - The Chinese government is actively supporting the industry through policies aimed at technological innovation and standardization, which is expected to further boost market demand [1][9] - The global stepper motor market is projected to reach $2.411 billion by 2029, with a growth of 1.7% year-on-year in 2024 [8] Industry Overview - Stepper motors convert electrical pulse signals into corresponding angular or linear displacements, making them essential in various applications [4] - The industry has evolved from its origins in the 19th century to a critical component in modern automation and precision control systems [5][6] - The stepper motor industry is characterized by a diverse supply chain, including raw materials, manufacturing, and various application sectors such as industrial automation and consumer electronics [7] Market Dynamics - The stepper motor market in China is expanding rapidly due to the transformation of the manufacturing sector and increasing consumer demands for quality and performance [1][9] - The industrial automation sector is a key application area for stepper motors, which are used for precise control in mechanical systems [8] - The Chinese industrial automation market is projected to grow from 165.7 billion yuan in 2017 to 273.9 billion yuan by 2024, with a CAGR of 7.44% [8] Competitive Landscape - The global stepper motor market is dominated by Japanese companies, which account for over 70% of hybrid stepper motor production and 65% of permanent magnet stepper motors [9][10] - Chinese companies are increasingly competitive, with leading firms like Jiangsu Leili, Dingzhi Technology, and Mingzhi Electric making significant strides in technology and market share [12][14] - The industry is transitioning from standardized products to customized, high-performance solutions, driven by the need for deeper understanding of application scenarios [12] Future Trends - The future of stepper motors is expected to focus on high precision and dynamic response through the integration of advanced control algorithms and high-resolution encoders [17] - There is a trend towards smart motors that integrate control functions and communication capabilities, simplifying system design and enhancing performance [18] - Customization and the use of new materials will be crucial for meeting the specific demands of emerging applications in sectors like medical devices and aerospace [19]

Core Insights - On December 31, 2025, Sanxie Electric (stock code: 920100) was featured on the trading leaderboard of the Beijing Stock Exchange due to a turnover rate of 20.84% and a trading volume of 3.5628 million shares, amounting to a transaction value of 268 million yuan [1][2]. Group 1 - The trading method for Sanxie Electric was continuous bidding, with a closing price of 73.66 yuan [1]. - The top buying seat was from Dongfang Caifu Securities Co., Ltd., Lhasa East Ring Road Second Securities Business Department, with a purchase amount of approximately 6.42 million yuan [2]. - The top selling seat was an institutional account, which sold shares worth approximately 8.15 million yuan [2]. Group 2 - The total transaction amount for Sanxie Electric on that day was 268 million yuan, with a significant trading volume of 3.5628 million shares [1][2]. - Other notable buying and selling activities included China International Capital Corporation's Zhengzhou Business Inner Ring Road Securities Business Department, which bought approximately 4.79 million yuan worth of shares [2]. - The trading data was sourced from the official website of the Beijing Stock Exchange [2].

（一）基本情况 为进一步优化公司的业务结构，提高公司资产运营及使用效率，公司拟将所 持有的摩迩特电机（常州）有限公司（以下简称"摩迩特"）40%的股权以133万 元的价格转让给吴俊华，并签署《股权转让协议》。同时授权董事长或董事长指 定的授权代理人，办理相关事宜，包括但不限于办理市场主体变更登记手续、签 署相关文件等。 本次股权转让完成后，摩迩特不再是公司控股子公司，摩迩特将不再纳入公 司合并报表范围。摩迩特作为公司控股子公司期间，公司为支持其日常经营向其 提供了借款，截至2025年12月31日，借款余额为239.15万元。本次股权转让完成 后，该借款将被动形成公司对外提供财务资助的情形，其实质为公司对原控股子 公司日常经营性借款的延续，不属于相关法律法规所规定的不得提供财务资助的 情形。 本次交易对方为吴俊华，持有公司子公司摩迩特30%股权，并担任该公司执 行董事。根据《北京证券交易所股票上市规则》的规定，本次转让资产标的构成 关联交易。 东北证券股份有限公司 关于常州三协电机股份有限公司 出售资产暨关联交易的核查意见 东北证券股份有限公司（以下简称"东北证券"或"保荐机构"）作为常州三协 电机股份有限公司 ...

| 关联交易类别 | 主要交易内容 | | 原预计金额 | 累计已发 生金额 | | 新增预计发生 | | 调整后预计发生 | 上年实际发生金 | 调整后预计金额与上 年实际发生金额差异 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 金额 | | 金额 | 额 | 较大的原因（如有） | | | 购买原材料、燃料 | 采购驱动器、编码 器、技术服务、开 | | 11,800,000.00 | | - | 8,000,000.00 | | 19,800,000.00 | 8,857,659.02 | 公司经营发展需要， | | | 和动力、接受劳务 | 拓市场推广维护服 | | | | | | | | | 预计业务量增加。 | | | | 务、PM 电机等 | | | | | | | | | | | | 出售产品、商品、 | 销售电机等 | | 132,000,000.00 | | - | | - | 132,000,000.00 | 68,524,378.00 | | - ...

证券代码：920100 证券简称：三协电机 公告编号：2025-148 常州三协电机股份有限公司 关于新增预计 2026 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 2025 年 12 月 10 日公司第三届董事会第十九次会议和 2025 年 12 月 25 日公司 2025 年第三次临时股东会审议通过了《关于预计 2026 年日常性关联交易的议案》， 具体内容详见公司于 2025 年 12 月 10 日在北京证券交易所官方信息披露平台 （www.bse.cn）披露的《关于预计 2026 年日常性关联交易的公告》（公告编号：2025- 136）。 公司拟将所持有的摩迩特电机（常州）有限公司（以下简称"摩迩特"）40%的股 权以 133 万元的价格转让给吴俊华，并签署《股权转让协议》。本次交易对方为吴俊 华，持有公司子公司摩迩特 30%股权，并担任该公司执行董事。根据《北京证券交易 所股票上市规则》的规定，本次转让资产标的构成关联 ...

证券代码：920100 证券简称：三协电机 公告编号：2025-147 常州三协电机股份有限公司 出售资产暨关联交易的公告 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、交易概况 （一）基本情况 为进一步优化公司的业务结构，提高公司资产运营及使用效率，公司拟将 所持有的摩迩特电机（常州）有限公司（以下简称"摩迩特"）40%的股权以 133 万元的价格转让给吴俊华，并签署《股权转让协议》。同时授权董事长或董事 长指定的授权代理人，办理相关事宜，包括但不限于办理市场主体变更登记手 续、签署相关文件等。 本次股权转让完成后，摩迩特不再是公司控股子公司，摩迩特将不再纳入 公司合并报表范围。摩迩特作为公司控股子公司期间，公司为支持其日常经营 向其提供了借款，截至 2025 年 12 月 31 日，借款余额为 239.15 万元。本次股 权转让完成后，该借款将被动形成公司对外提供财务资助的情形，其实质为公 司对原控股子公司日常经营性借款的延续，不属于相关法律法规所规定的不得 提供财务资助的情形。 本次交易对方 ...