南京灿能电力自动化股份有限公司 关于使用闲置自有资金购买理财产品的进展公告 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、 授权委托理财情况 （一）购买理财产品的审议情况 南京灿能电力自动化股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召开第三届董事会第六次会议、2025 年 5 月 12 日召开 2024 年年度股东会审 议通过了《关于使用自有闲置资金委托理财的议案》。公司及子公司使用总额度 不超过人民币 10,000 万元（含 10,000 万元且不包含投资所获得的利息）购买安 全性高、流动性好的短期低风险理财产品，在上述额度内，资金可以循环使用， 投资期限内任一时点所持有的理财产品最高余额不超过人民币 10,000 万元。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《关于使 用自有闲置资金委托理财的公告》（公告编号：2025-015）。 （二）前次披露情况 公司前次披露的委托理财进展情况详见公司于 2025 年 11 月 12 日在北京证 ...

（一）购买理财产品的审议情况 南京灿能电力自动化股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开了第三届董事会第九次会议审议通过了《关于使用闲置募集资金进行现金 管理的议案》，使用不超过人民币 9,000 万元（含本数）的闲置募集资金进行现 金管理，择机、分阶段购买安全性高、流动性好、有保本约定的理财产品，拟投 资的产品期限最长不超过 12 个月。在上述额度范围内，资金可循环滚动使用。 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《使用 闲置募集资金进行现金管理的公告》（公告编号 2025-083）。 （二）前次披露情况 证券代码：920299 证券简称：灿能电力 公告编号：2025-092 南京灿能电力自动化股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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、 授权委托理财情况 公司前次披露的关于使用闲置募集资金进行现金管理的进展情况详见公司 于 2025 年 11 月 12 日在北京证券交 ...

Core Viewpoint - Canaan Power (920299) experienced a 1.82% increase in stock price with a turnover rate of 20.46% and a trading volume of 186 million yuan, despite a net sell-off of 22.63 million yuan by brokerage firms [2] Trading Activity Summary - The stock was listed on the trading board due to a turnover rate of 20.46%, with brokerage firms collectively net selling 22.63 million yuan [2] - The top five brokerage firms accounted for a total transaction volume of 61.28 million yuan, with buying amounting to 19.32 million yuan and selling amounting to 41.95 million yuan, resulting in a net sell-off of 22.63 million yuan [2] - The largest buying brokerage was Dongfang Caifu Securities, which purchased 5.88 million yuan, while the largest selling brokerage was Guoxin Securities, which sold 18.99 million yuan [2] Historical Performance - Over the past six months, Canaan Power has appeared on the trading board nine times, with an average price drop of 1.20% the day after being listed and an average decline of 10.00% over the following five days [2]

证券代码：920299 证券简称：灿能电力 公告编号：2025-090 南京灿能电力自动化股份有限公司 关于使用闲置自有资金购买理财产品的进展公告 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、 授权委托理财情况 （一）购买理财产品的审议情况 南京灿能电力自动化股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召开第三届董事会第六次会议、2025 年 5 月 12 日召开 2024 年年度股东会 审议通过了《关于使用自有闲置资金委托理财的议案》。公司及子公司使用总额 度不超过人民币 10,000 万元（含 10,000 万元且不包含投资所获得的利息）购买 安全性高、流动性好的短期低风险理财产品，在上述额度内，资金可以循环使用， 投资期限内任一时点所持有的理财产品最高余额不超过人民币 10,000 万元。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《关于使 用自有闲置资金委托理财的公告》（公告编号：2025-015）。 （二）前次披露情况 公司前次披露 ...

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、 授权委托理财情况 （一）购买理财产品的审议情况 南京灿能电力自动化股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开了第三届董事会第九次会议审议通过了《关于使用闲置募集资金进行 现金管理的议案》，使用不超过人民币 9,000 万元（含本数）的闲置募集资金进 行现金管理，择机、分阶段购买安全性高、流动性好、有保本约定的理财产品， 拟投资的产品期限最长不超过 12 个月。在上述额度范围内，资金可循环滚动使 用。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《使 用闲置募集资金进行现金管理的公告》（公告编号 2025-083）。 （二）前次披露情况 公司前次披露的关于使用闲置募集资金进行现金管理的进展情况详见公司 于 2025 年 11 月 3 日在北京证券交易所（www.bse.cn）披露的《关于使用闲置募 集资金进行现金管理的进展公告》（公告编号：2025-086）。 证券代码：920299 证券简称： ...

Core Viewpoint - Canaan Power (920299) experienced a decline of 5.80% in its stock price, with a trading volume turnover rate of 27.83% and a total transaction amount of 300 million yuan, indicating significant market activity and volatility [2] Trading Activity - The stock was listed on the North Exchange's daily trading information due to its turnover rate reaching 27.83%, with institutional net purchases amounting to 687,000 yuan [2] - The top five trading departments accounted for a total transaction amount of 61.72 million yuan, with a net purchase of 12.79 million yuan after a buy transaction of 37.26 million yuan and a sell transaction of 24.46 million yuan [2] - Among the trading departments, one institutional special seat was involved, with a total buy amount of 4.55 million yuan and a sell amount of 3.86 million yuan, resulting in a net purchase of 687,000 yuan [2] Historical Performance - Over the past six months, Canaan Power has appeared on the trading leaderboard eight times, with an average price decline of 0.47% the day after being listed and an average decline of 3.78% over the following five days [2]

Core Points - Canaan Power (920299) experienced a significant increase of 7.27% in its stock price, with a trading volume turnover rate of 37.44% and a total transaction amount of 381 million yuan, indicating high market activity [2] - The stock was listed on the "Dragon and Tiger List" due to its high turnover rate, with a net selling amount of 24.77 million yuan from brokerage seats [2] - Over the past six months, Canaan Power has appeared on the Dragon and Tiger List seven times, with an average price increase of 0.42% the day after being listed and an average decline of 0.37% in the following five days [2] Trading Data - The top five brokerage firms involved in trading Canaan Power on the day included: - First largest buyer: Dongfang Caifu Securities, Lhasa East Ring Road First Securities, with a purchase amount of 4.88 million yuan [2] - First largest seller: Guoxin Securities, Shenzhen Internet Branch, with a selling amount of 11.23 million yuan [2] - The total transaction amount for the top five buying and selling brokerage firms was 74.16 million yuan, with buying transactions amounting to 24.69 million yuan and selling transactions amounting to 49.46 million yuan, resulting in a net selling of 24.77 million yuan [2]

Summary of Key Points Core Viewpoint - On November 10, the total trading volume of individual stocks on the Beijing Stock Exchange reached 952 million shares, with a total transaction value of 20.186 billion yuan, reflecting a decrease of 1.317 billion yuan compared to the previous trading day. A total of 127 stocks closed higher, while 145 stocks closed lower [1]. Trading Performance - The number of stocks with a closing price increase was 127, accounting for 45.20% of the tradable stocks. The top gainers included Taipeng Intelligent, Anda Technology, and Gaisi Food, with increases of 13.62%, 13.02%, and 8.78% respectively [1]. - Conversely, 145 stocks experienced a decline, with Zhongcheng Consulting, Fangsheng Co., and Haidar showing the largest drops of 7.63%, 5.35%, and 4.57% respectively [1]. Transaction Details - A total of 51 stocks had transaction values exceeding 100 million yuan, with the highest transaction values recorded for Anda Technology (1.068 billion yuan), Better Ray (727 million yuan), and Jinhua New Materials (522 million yuan) [1]. - The trading activity indicated that 22 stocks had a turnover rate exceeding 10%, with 6 stocks exceeding 20%. The stocks with the highest turnover rates were Zhongcheng Consulting (44.96%), Gaisi Food (40.63%), and Can Energy (37.44%) [1]. Stock Performance Table - A detailed table of stock performance was provided, highlighting closing prices, percentage changes, turnover rates, and transaction values for various stocks, including Anda Technology, Better Ray, and Gaisi Food [1][2][3][4][5][6][7][8][9].

Group 1 - The North Exchange 50 index decreased by 3.79%, but trading volume remained above 20 billion, showing an increase from the previous 17 billion [8][19] - The market adjustment was a natural pullback after a previous policy-driven surge, with a focus on sectors like electricity, chemicals, photovoltaics, lithium batteries, and energy storage, which performed well [8][9] - The themes of anti-involution and price increases are spreading, aligning with market demands for "high cuts and low" [9][10] Group 2 - The North Exchange's PE (TTM) average is 89.33 times, with a median of 44.73 times, indicating a decrease in valuation [22][30] - The trading volume for the week was 4.922 billion shares, a decrease of 17.23% from the previous week, while the trading amount was 113.591 billion yuan, down 21.37% [26][19] - The margin financing balance increased to 7.951 billion yuan, up by 0.47 billion yuan from the previous week [28][19] Group 3 - Two new stocks were listed this week: Danna Biological and Zhongcheng Consulting, with significant first-day price increases of 497.08% and 170.08% respectively [32][33] - As of November 7, 2025, there are 282 companies listed on the North Exchange [32] - Next week, one company (Nante Technology) is scheduled for subscription, and two companies (Tongbao Optoelectronics, Agricultural University Technology) are set for review [37] Group 4 - Among the North Exchange stocks, 52 increased while 229 decreased, resulting in a rise-fall ratio of 0.23 [40] - The top gainers included Caneng Electric (+31.13%) and Anda Technology (+20.38%) [41][40] - The top five stocks by turnover rate were Caneng Electric, Jinhua New Materials, and Deer Chemical, indicating high trading activity [46]

Core Insights - The A-share market's power grid equipment sector surged by 12.45% in the first trading week of November, driven by the dual narratives of AI catalysis and energy transformation [1][2] - The sector's performance raises questions about the underlying earnings support and growth potential amid the AI-driven electricity demand surge [1] Market Performance - The Shenwan Power Grid Equipment Index rose by 12.46% over the week, reaching 5872.41 points, with a year-to-date increase of 43.11%, marking the highest level since June 2015 [2] - 16 stocks within the power grid equipment sector reached historical highs, with notable performers including Zhongneng Electric, Moen Electric, and Tebian Electric [2] Industry Dynamics - Since May, trading activity in the power grid equipment sector has increased, with the index showing seven consecutive months of gains, primarily due to AI-related electricity shortages [3] - The U.S. Energy Information Administration (EIA) predicts that electricity consumption will reach record highs in 2025 and 2026, driven by AI and data center expansion [3] - Goldman Sachs forecasts a 175% increase in global electricity demand from AI data centers by 2030 compared to 2023 [3] Investment Trends - The State Grid Corporation of China reported over 420 billion yuan in fixed asset investments from January to September, a year-on-year increase of 8.1% [3] - Major projects in high-voltage direct current (HVDC) engineering are underway, with total investments expected to exceed 650 billion yuan in 2025 [3] Financial Performance - The power grid equipment sector reported a revenue of 263.7 billion yuan and a net profit of 22.2 billion yuan in the first three quarters, reflecting year-on-year growth of 12% and 14%, respectively [4][5] - Significant performance disparities exist within the sector, with non-UHV main networks showing a net profit growth of 38.2%, while distribution and meter companies faced declines [5] Export Growth - China's transformer exports reached 6.22 billion USD from January to September, a 39% increase year-on-year, driven by demand from Europe and North America [5] - High-voltage switch exports also grew by 31.2%, with a notable monthly increase of 55.7% in September [5] Institutional Investment - Public fund holdings in the power grid equipment sector decreased slightly in the third quarter, with a total market value share of 0.6% [6] - Institutional investors are favoring companies with strong overseas demand and those involved in data center business growth, such as Siyuan Electric and Tebian Electric [6] Technological Advancements - Companies like Jinpan Technology are focusing on solid-state transformer (SST) technology, which is seen as a suitable solution for future energy demands [6][7] - Jinpan Technology has developed an SST prototype for HVDC applications, with plans for further testing and certification [7]