证券代码：920396 证券简称：常辅股份 公告编号：2025-097 常州电站辅机股份有限公司 第三届董事会第二十一次会议决议公告 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 27 日 2.会议召开地点：公司会议室 本次会议的召集、召开、议案审议程序符合有关法律、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 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案审议情况 （一）审议通过《公司 2025 年第三季度报告的议案》 3.会议召开方式：现场及通讯会议 4.发出董事会会议通知的时间和方式：2025 年 10 月 21 日以书面方式发出 5.会议主持人：董事长杜发平 6.会议列席人员：全体高级管理人员 7.召开情况合法合规的说明： 1.议案内容： 详见公司于 2025 年 10 月 28 日在北京证券交易所官网（www.bse.cn）上 披露的《2025 年第三季度报告》 ...

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。 常州电站辅机股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 第三届董事会第二十一次会议，审议通过了《关于注销 2023 年股权激励计划部分 股票期权的议案》，现将有关情况说明如下： 一、股权激励计划已履行的决策程序和信息披露情况 1、2023 年 9 月 27 日，常州电站辅机股份有限公司（以下简称"公司"）召 开第三届董事会第三次会议，审议通过了《关于公司<2023 年股权激励计划（草 案）>的议案》、《关于公司<2023 年股权激励计划实施考核管理办法>的议案》、 《关于公司<2023 年股权激励计划首次授予的激励对象名单>的议案》、《关于公 司与激励对象签署附生效条件的授予协议的议案》、《关于拟认定公司核心员工 的议案》、《关于提请股东大会授权董事会办理 2023 年股权激励计划有关事项的 议案》。公司独立董事对相关议案发表了同意的独立意见。独立董事李芸达先生 作为征集人就公司 2023 年第二次临时股东大会审议的激励计划相 ...

Market Overview - The automation equipment sector increased by 1.24% on October 27, with Xinbang Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Performers - Xinbang Intelligent (301112) closed at 60.75, rising by 12.94% with a trading volume of 75,600 shares and a transaction value of 448 million yuan [1] - Huagong Technology (000988) closed at 87.00, up 7.38% with a trading volume of 1,137,300 shares and a transaction value of 9.74 billion yuan [1] - Changfu Co., Ltd. (920396) closed at 35.93, increasing by 5.49% with a trading volume of 80,900 shares [1] Underperformers - Hekang New Energy (300048) closed at 6.15, down 5.53% with a trading volume of 727,200 shares [2] - Ruisheng Intelligent (688215) closed at 78.41, decreasing by 4.37% with a trading volume of 18,000 shares [2] - Junpu Intelligent (688306) closed at 12.28, down 3.69% with a trading volume of 328,200 shares [2] Capital Flow - The automation equipment sector experienced a net outflow of 124 million yuan from institutional investors, while retail investors saw a net inflow of 11.81 million yuan [2] - Major stocks like Huagong Technology had a net inflow of 297 million yuan from institutional investors, while retail investors faced a net outflow of 126 million yuan [3] - Other notable stocks include Baojie Co., Ltd. (002975) with a net inflow of 75.09 million yuan from institutional investors [3]

Core Points - The total trading volume of stocks on the Beijing Stock Exchange reached 862 million shares, with a total transaction value of 20.706 billion yuan, an increase of 0.912 billion yuan compared to the previous trading day [1] - A total of 121 stocks closed higher, accounting for 43.68% of the tradable stocks, with notable gainers including Huifeng Diamond, Huaguang Source Sea, and Ainengju, which rose by 14.73%, 10.74%, and 9.34% respectively [1] - Conversely, 148 stocks closed lower, with significant declines seen in Jiuling Technology, Yuanhang Precision, and Changfu Co., which fell by 10.21%, 9.29%, and 7.54% respectively [1] Trading Activity - 50 stocks had transaction values exceeding 100 million yuan, with the highest being Tonghui Electronics at 1.010585 billion yuan, followed by Jinhua New Materials at 0.501755 billion yuan and Air China Ocean at 0.479762 billion yuan [1] - In terms of trading activity, 19 stocks had a turnover rate exceeding 10%, with 7 stocks exceeding 20%. A total of 45 stocks had turnover rates between 5% and 10%, while 199 stocks had turnover rates between 1% and 5% [1] - The stocks with the highest turnover rates included Aomeisen at 36.34%, Jinhua New Materials at 31.19%, and Huifeng Diamond at 27.70% [1]

New Stock Issuance - He Yuan Bio (787765) issued shares at a price of 29.06 on October 14, 2025[1] - The offer period for the acquisition of Shangwei New Materials (688585) is from September 29, 2025, to October 28, 2025[1] Market Alerts - Significant abnormal fluctuations reported for Nanjing New Pharmaceutical (688189) on October 10, 2025[1] - Multiple companies including Hefei Urban Construction (002208) and ST Jianyi (002789) have recent announcements regarding their stock performance[1] Trading Notifications - A total of 30 companies have trading notifications on October 14, 2025, indicating various market activities[1] - Companies such as ST Er Ya (600107) and Guangdong Mingzhu (600382) are among those with recent trading alerts[1]

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].

1、 核实对象： 公司控股股东、实际控制人及其一致行动人，持股 5%以上股东，在任的董事及高级 管理人员。 证券代码：920396 证券简称:常辅股份 公告编号：2025-096 常州电站辅机股份有限公司股票交易异常波动公告 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、股票交易异常波动的具体情况 公司股票最近 3 个有成交的交易日（2025 年 10 月 9 日、2025 年 10 月 10 日及 2025 年 10 月 13 日）以内收盘价涨幅偏离值累计达到 45.85%，根据《北京证券交易所交易规则（试 行）》的有关规定，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 五、风险提示 本公司郑重提请投资者注意：投资者应充分了解股票市场风险及本公司在定期报告、 临时公告中披露的风险因素，审慎决策、理性投资。公司将严格按照有关法律法规的规定 和要求，及时做好信息披露工作，敬请广大投资者理性投资，注意风险。 2、 核实方式： 电话询问、口头询问、微信询问等方式。 3、 核实结论： 前期公告的 ...

Core Viewpoint - Changfu Co., Ltd. (920396) experienced a significant increase of 10.22% in stock price, with a trading volume of 5.04 billion yuan and a turnover rate of 26.02% on the day of reporting [2] Trading Activity - The stock was listed on the龙虎榜 due to its high turnover rate, with institutional investors net selling 5.08 million yuan while the total net buying from brokerage seats amounted to 12.25 million yuan [2] - The top five brokerage seats accounted for a total transaction volume of 90.69 million yuan, with a net buying of 7.18 million yuan after a buying amount of 48.93 million yuan and a selling amount of 41.76 million yuan [2] - Over the past six months, the stock has appeared on the龙虎榜 six times, with an average price increase of 2.18% the day after being listed and an average increase of 0.97% over the following five days [2] Specific Brokerage Activity - The top buying and selling brokerage seats included: - Buy One: Dongfang Caifu Securities, Lhasa Tuanjie Road Second Securities Office, buying 8.34 million yuan and selling 5.09 million yuan - Buy Two: Institutional Special Seat, buying 7.38 million yuan and selling 2.92 million yuan - Sell One: Institutional Special Seat, buying 0.43 million yuan and selling 9.96 million yuan [2]

Core Points - Changfu Co., Ltd. (stock code: 920396) was listed on the Longhu list on October 13, 2025, with a closing price of 41 yuan [1] - The stock experienced a turnover rate of 26.02%, with a trading volume of 13.22 million shares and a transaction value of 504 million yuan [1] Trading Details - The top buying seat was from Dongfang Caifu Securities Co., Ltd. Lhasa Tuanjie Road Second Securities Business Department, with a purchase amount of approximately 8.34 million yuan [2] - The top selling seat was an institutional special account, selling approximately 9.96 million yuan [2] - Other notable buying and selling activities included: - Institutional special account buying 7.38 million yuan and selling 2.92 million yuan [2] - Guojin Securities Co., Ltd. Shenzhen Branch buying 6.75 million yuan and selling 1.84 million yuan [2]

Group 1 - The report highlights the escalation of Sino-US tensions, leading to a decline in global stock indices and a drop of 1.42% in the North Exchange 50 index. The market sentiment has turned cautious due to the announcement of additional tariffs by US President Trump, effective from November 1, 2025, which will impose a 100% tariff on all goods imported from China and export controls on key software [9][10][11]. - The report notes that the North Exchange has shown limited adjustment compared to previous market downturns, indicating that the market's price-performance ratio has reached a favorable level for potential investment opportunities post-adjustment. The strong stock ratio has decreased to 19.8%, which is historically low, and the relative excess return of the CSI 2000 compared to the CSI 1000 has also adjusted to a historical low [9][10][11]. Group 2 - The North Exchange 50 index experienced a decline of 1.42%, with a median PE ratio of 47.40 times. The total trading volume for the week was 16.14 billion shares, with a trading value of 38.008 billion yuan. The margin balance stood at 7.507 billion yuan [22][27][28]. - The report mentions that one new stock, Aomeisen, was listed this week, with a first-day increase of 349.82% and a turnover rate of 79.79%. As of October 10, 2025, there are 278 companies listed on the North Exchange [31][32]. Group 3 - The report indicates that among the stocks listed on the North Exchange, 143 stocks rose while 128 fell, resulting in a rise-fall ratio of 1.12. The top gainers included Changfu Co. and Lingge Technology, both in the machinery sector [38][40]. - The report also highlights the high turnover rates of certain stocks, with Jin Hua New Materials leading at 67.45%, followed by Changfu Co. and Lingge Technology [44]. Group 4 - The report discusses the recent regulatory updates regarding the issuance of convertible bonds and margin trading, aimed at optimizing these processes and enhancing investor protection [49]. - The new third board saw no new listings or delistings this week, with no new financing planned or completed, maintaining a total of 6022 companies listed [50][51].