Core Points - The electric motor sector experienced a decline of 0.69% on the previous trading day, with Sanxie Electric leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Electric Motor Sector Performance - Huari Co., Ltd. (300626) saw a closing price of 14.68, with an increase of 2.95% and a trading volume of 248,100 shares, totaling 352 million yuan [1] - Jiangte Electric (002176) closed at 12.18, up 2.18%, with a trading volume of 2,262,900 shares, amounting to 2.778 billion yuan [1] - Bafang Electric (603489) closed at 31.26, up 1.43%, with a trading volume of 59,600 shares, totaling 186 million yuan [1] - The largest decline was seen in Sanxie Electric (920100), which closed at 61.92, down 6.65%, with a trading volume of 18,200 shares, totaling 115 million yuan [2] - Other notable declines included Fangzheng Electric (002196) at 13.69, down 5.26%, and Xiangming Intelligent (301226) at 28.72, down 4.87% [2] Capital Flow Analysis - The electric motor sector experienced a net outflow of 70.30 million yuan from institutional investors and 68.36 million yuan from retail investors, while retail investors saw a net inflow of 139 million yuan [2] - Jiangte Electric (002176) had a net inflow of 214 million yuan from institutional investors, while it faced a net outflow of 27.78 million yuan from retail investors [3] - Wolong Electric (600580) had a net inflow of 123 million yuan from institutional investors, with a net outflow of 53.95 million yuan from retail investors [3]

证券代码：920100 证券简称：三协电机 公告编号：2025-132 常州三协电机股份有限公司 关于完成工商变更登记及公司章程备案并取得换发营业 执照的公告 类型：股份有限公司(上市) 一、基本情况 常州三协电机股份有限公司（以下简称"公司"）于 2025 年 9 月 10 日召开 第三届董事会第十四次会议、2025 年 9 月 26 日召开 2025 年第一次临时股东会， 审议通过《关于取消监事会、变更注册资本并修订<公司章程>的议案》，具体内 容详见公司在北京证券交易所信息披露平台（www.bse.cn）披露的《关于取消监 事会、变更注册资本并修订<公司章程>的公告》(公告编号:2025-063)。 公司于 2025 年 9 月 10 日召开 2025 年第一次职工代表大会，审议通过《关 于选举公司第三届董事会职工代表董事的议案》。 公司于 2025 年 10 月 17 日召开第三届董事会第十七次会议、2025 年 10 月 29 日召开 2025 年第二次临时股东会，审议通过《关于变更公司注册资本及修订 <公司章程>的议案》，具体内容详见公司在北京证券交易所信息披露平台 （www.bse.cn）披露的 ...

证券代码：920100 证券简称：三协电机 公告编号：2025-132 一、对外投资概述 （一）基本情况 常州三协电机股份有限公司（以下简称"公司"、"三协电机"）为完善产业 链布局，提高生产经营能力，增强公司的市场竞争优势，公司拟以自有资金在 广东省东莞市设立全资子公司，注册资本为 335 万元人民币。子公司的名称、 注册地址、经营范围等相关信息以市场监督管理部门最终核定为准。 （二）是否构成重大资产重组 本次交易不构成重大资产重组。 根据《上市公司重大资产重组管理办法》第十二条规定："上市公司及其 控股或者控制的公司购买、出售资产，达到下列标准之一的，构成重大资产重 组： （一）购买、出售的资产总额占上市公司最近一个会计年度经审计的合并 财务会计报告期末资产总额的比例达到百分之五十以上； 常州三协电机股份有限公司 拟对外投资设立全资子公司的公告 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。 公司本次对外投资的金额为 335 万元人民币，占公司最近一个会计年度 （2024 年）经审计总资产的 0.7 ...

关于更换持续督导保荐代表人的公告 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。 常州三协电机股份有限公司（以下简称"公司"）于 2025 年 11 月 13 日收 到公司保荐机构东北证券股份有限公司（以下简称"东北证券"）出具的《关于 变更常州三协电机股份有限公司持续督导之保荐代表人的通知》。 东北证券作为公司股票向不特定合格投资者公开发行并在北京证券交易所 上市的保荐机构，原指派保荐代表人程继光先生和张兴云先生负责公司持续督导 工作。现因张兴云先生个人原因，无法继续从事对公司的持续督导工作，东北证 券指定由保荐代表人尹冠钧先生（简历见附件）接替张兴云先生担任公司持续督 导期间的保荐代表人，继续履行对公司的持续督导职责。 此次变更后，公司向不特定合格投资者公开发行股票并在北京证券交易所上 市持续督导项目的东北证券的保荐代表人为程继光先生和尹冠钧先生。持续督导 期至北京证券交易所规定的持续督导义务结束为止。 证券代码：920100 证券简称：三协电机 公告编号：2025-131 常州三协电机股份有限公司 ...

证券代码：920100 证券简称：三协电机 公告编号：2025-129 常州三协电机股份有限公司（以下简称"公司"、"三协电机"）于 2025 年 10 月 27 日召开第三届董事会第十八次会议、第三届董事会审计委员会第九次 会议及 2025 年第二次独立董事专门会议，审议通过了《关于使用暂时闲置募集 资金进行现金管理的议案》，该议案无需提交股东会审议。公司将按照相关规定 严格控制风险，拟使用不超过人民币 3,000 万元（包含本数）的部分暂时闲置募 集资金购买安全性高、流动性好的产品（结构性存款、大额存单等），拟投资的 产品期限最长不超过 12 个月，且该等投资产品不得用于质押，不用于以证券投 资为目的的投资行为。在上述额度内，资金可循环滚动使用。决议自公司董事会 审议通过之日起 12 个月内有效，如单笔产品存续期超过前述有效期，则决议的 有效期自动顺延至该笔交易期满之日。 常州三协电机股份有限公司 关于开立募集资金现金管理专用结算账户的公告 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。 公司开立的 ...

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、授权现金管理情况 1、审议情况 常州三协电机股份有限公司（以下简称"公司"、"三协电机"）于 2025 年 10 月 27 日召开第三届董事会第十八次会议、第三届董事会审计委员会第九次 会议及 2025 年第二次独立董事专门会议，审议通过了《关于使用暂时闲置募集 资金进行现金管理的议案》，该议案无需提交股东会审议。公司将按照相关规定 严格控制风险，拟使用不超过人民币 3,000 万元（包含本数）的部分暂时闲置募 集资金购买安全性高、流动性好的产品（结构性存款、大额存单等），拟投资的 产品期限最长不超过 12 个月，且该等投资产品不得用于质押，不用于以证券投 资为目的的投资行为。在上述额度内，资金可循环滚动使用。决议自公司董事会 审议通过之日起 12 个月内有效，如单笔产品存续期超过前述有效期，则决议的 有效期自动顺延至该笔交易期满之日。 具体情况详见公司 2025 年 10 月 27 日在北京证券交易所官方信息披露平台 (www.bse.cn)披露的《 ...

Core Insights - The report highlights the IPO activities in Jiangsu province for October 2025, indicating a stable trend with 9 new A-share companies listed, similar to previous months [1][10]. Group 1: IPO Overview - In October 2025, Jiangsu saw the listing of 1 new company, Changjiang Energy Materials, on the Beijing Stock Exchange, with a fundraising amount of 1.84 billion [2][10]. - For the first ten months of 2025, Jiangsu ranked first among provinces with 21 new A-share companies, surpassing Guangdong by 4 companies [10][17]. - The total fundraising amount for Jiangsu's IPOs in the first ten months reached 129.27 billion, placing it third nationally [17][29]. Group 2: City-wise IPO Distribution - Suzhou led the province with 7 new A-share companies in the first ten months, followed by Wuxi and Changzhou with 3 each [10][17]. - The distribution of new A-share companies by city in October 2025 shows that Jiangsu's cities are actively participating in the IPO market, with various cities contributing to the overall count [5][10]. Group 3: Fundraising Analysis - The total fundraising for Jiangsu's IPOs in October was relatively low at 1.84 billion, indicating a need for more robust fundraising activities [17]. - Suzhou's total fundraising amount for the first ten months was 57.48 billion, maintaining its position as the top city in Jiangsu for IPO fundraising [17][13]. Group 4: Sector and Board Distribution - The newly listed companies in Jiangsu for the first ten months were distributed across four boards, with the Growth Enterprise Market (GEM) having the highest number at 7 companies [17][11]. - The breakdown of the newly listed companies by board shows a diverse participation across different sectors, reflecting the province's economic landscape [11][17]. Group 5: IPO Pipeline and Support - As of the end of October, there were 301 companies in the IPO application queue nationwide, with Jiangsu having 51, ranking third in the country [29]. - Jiangsu also leads in the number of companies undergoing IPO guidance, with 243 firms, indicating a strong support system for potential IPO candidates [29][26].

Core Viewpoint - The financing activities of Sanxie Electric (920100) indicate a positive investor sentiment, with a net financing purchase of 89.06 million yuan on November 5, 2025, and a total net purchase of 449.5 million yuan over the last three trading days [1][2]. Financing Summary - On November 5, 2025, the financing balance reached 21.68 million yuan, reflecting a 4.28% increase from the previous day [3][4]. - The financing net purchases over the last five trading days are as follows: - November 5: 89.06 million yuan - November 4: 235.08 million yuan - November 3: 125.37 million yuan - October 31: -100.62 million yuan - October 30: 210.82 million yuan [2][4]. - In the last 20 trading days, there were 12 days with net financing purchases, indicating a sustained interest from investors [1]. Market Sentiment - An increase in financing balance suggests a bullish market sentiment, as investors are leaning towards buying [5].

Core Insights - The Ministry of Industry and Information Technology has officially announced the seventh batch of national-level specialized and innovative "little giant" enterprises, with many companies listed on the Beijing Stock Exchange included in the list [1][2] - The proportion of "little giant" enterprises among companies on the Beijing Stock Exchange has reached 60.35%, highlighting the exchange's role in supporting innovative small and medium-sized enterprises [5][6] Summary by Sections Current Status of "Little Giant" Enterprises - There are currently 169 "little giant" enterprises among the 280 companies listed on the Beijing Stock Exchange, representing 60.35% of the total [1][5] - This indicates a vibrant ecosystem for small and medium-sized enterprises in niche markets within China [1] New Listings and Growth Potential - Among the 18 new companies listed this year, 14 are recognized as national-level specialized and innovative "little giant" enterprises, accounting for 77.78% of new listings [2][5] - This trend suggests a robust pipeline of innovative companies entering the market, enhancing the overall quality of listed firms [2][5] Company Performance and Recognition - Companies like Jiyang Precision and others have been recognized as "little giant" enterprises, which boosts their brand recognition and market influence [3][4] - Jiyang Precision reported a revenue of 512 million yuan, a year-on-year increase of 28.97%, and a net profit of approximately 45.7 million yuan, up 3.44% [3] - Other companies such as Zhixin Electronics and Sanxie Electric are also focusing on innovation and technology to enhance their competitive edge [4] Stock Performance - The stock performance of these "little giant" enterprises has been notable, with companies like Xingtou Measurement Control achieving a cumulative increase of 1348.58% since listing [6] - Guangxin Technology and Sanxie Electric have also shown impressive stock performance, with increases of 855.89% and 741.90%, respectively [6] Future Prospects - The pipeline of potential "little giant" enterprises is strong, with several companies in various stages of the listing process, including Danna Biology and Beikang Testing [7] - Danna Biology specializes in early diagnosis of invasive fungal diseases and is recognized as a national high-tech enterprise [7] - Beikang Testing operates in the field of non-ferrous metal inspection and testing, indicating a diverse range of industries represented among the upcoming listings [7]

证券代码：920100 证券简称：三协电机 公告编号：2025-128 常州三协电机股份有限公司 2025 年半年度权益分派实施公告 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。 常州三协电机股份有限公司 2025 年半年度权益分派方案已获 2025 年 10 月 29 日召开的股东会审议通过，本次实施分配方案距离股东会审议通过的时间未 超过两个月。 一、权益分派方案 1、本公司 2025 年半年度权益分派方案为： 以公司现有总股本 73,809,300 股为基数，向全体股东每 10 股派 5 元人民币 现金。 2、扣税说明 （1）个人股东、投资基金适用股息红利差别化个人所得税政策, 个人股东、 投资基金持股 1 个月（含 1 个月）以内，每 10 股补缴税款 1 元；持股 1 个月以 上至 1 年（含 1 年）的，每 10 股补缴税款 0.5 元；持股超过 1 年的，不需补缴 税款。 （2）对合格境外投资者股东，根据国税函[2009]47 号，公司按 10%的税率 代扣代缴所得税后，实际每 10 股 ...