Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Industrial Machinery Index (Sci-Tech Machinery, 000693) opened lower and fluctuated, down 0.5% to 1050.03 points, with a trading volume of 6.775 billion yuan [1] - Over the past month, the index has decreased by 1.78%, down 12.03% over the last three months, but has increased by 5.19% year-to-date [1] - The index consists of 50 large-cap stocks from sectors such as urban rail transit equipment, industrial automation, and engineering machinery, reflecting the overall performance of representative industrial machinery companies listed on the Sci-Tech Innovation Board [1] Group 2 - The top ten weightings in the index are: Zhongkong Technology (10.44%), Bochu Electronics (6.06%), Daotong Technology (5.44%), Lide Harmony (4.97%), China Communication Signal (4.95%), Bolite (4.87%), Times Electric (4.16%), Zhengfan Technology (2.87%), Honghua Digital Science (2.81%), and Dongwei Technology (2.45%) [1] - The index's holdings are entirely from the Shanghai Stock Exchange, with an industry allocation of 100% in industrial sectors [1] Group 3 - The index sample is adjusted quarterly, with adjustments implemented on the next trading day following the second Friday of March, June, September, and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made under special circumstances, such as delisting or corporate actions like mergers and acquisitions [2]

Core Insights - The SNEC 2025 exhibition has been dubbed the "Spring Festival of Energy Storage," showcasing numerous new products and highlighting industry trends towards the next generation of energy storage cells [1][3]. Group 1: Industry Trends - The competition for defining the third-generation energy storage cells has intensified, with major players like Sungrow and CATL launching products with significant capacity improvements [3][5]. - Energy storage inverters are evolving to adapt to the third-generation energy storage cells, with modular designs becoming mainstream to meet project-specific needs [3]. - The energy storage system design is shifting towards modular and platform-based solutions, breaking the boundaries between commercial and large-scale storage products [3]. Group 2: Product Launches - CATL announced the mass production of its 587Ah energy storage cell, which boasts a 10% increase in energy density compared to the previous generation [5][7]. - Sungrow unveiled the PowerTitan 3.0, featuring a 12.5MWh capacity in its Plus version, which is the largest globally, and incorporates advanced energy management features [8][10]. - Various companies, including GCL-Poly, Hicharge, and others, showcased innovative energy storage solutions, such as all-in-one storage cabinets and large-scale liquid-cooled systems [4][46][67]. Group 3: Technological Innovations - The introduction of self-healing electrolyte technology in CATL's 587Ah cell enhances its lifespan and efficiency, with a projected ROI improvement of 5% over previous models [7]. - The modular design of energy storage systems allows for flexible scaling and adaptation to different operational scenarios, as demonstrated by multiple exhibitors [19][22]. - The integration of AI and digital management systems in energy storage solutions is becoming a key focus, enhancing operational efficiency and predictive maintenance capabilities [25][70]. Group 4: Strategic Collaborations - Several companies, including Desay Battery and Huaneng, have formed strategic partnerships to enhance their market presence and technological capabilities in energy storage [60][92]. - The exhibition has seen numerous collaborations aimed at expanding global business footprints, particularly in emerging markets [25][88].

Core Viewpoint - The article highlights the launch of CRRC Times Electric's 3.X MW energy storage inverter, emphasizing its role in the transition to a new energy system driven by renewable energy sources [1]. Group 1: New Challenges and Requirements - The global energy storage capacity is expected to exceed 1.2 TW by 2025, necessitating a shift in the role of energy storage from "passive support" to "active construction" within the new power system [2]. - The development of high-capacity battery cells and the increasing energy density of battery systems impose higher power and cooling requirements on Power Conversion Systems (PCS) to ensure long-term safe and stable operation [2]. Group 2: Features of the Cloud Hub Inverter - The 3.X MW Cloud Hub energy storage inverter is designed to adapt to mainstream next-generation lithium battery systems with capacities ranging from 587 Ah to 688 Ah, utilizing a self-developed seventh-generation IGBT chip [3]. - It employs ANPC three-level topology and intelligent grid connection control algorithms to significantly enhance grid power quality and reduce inverter losses, achieving efficient AC-DC conversion [3]. - The inverter features an intelligent liquid cooling system and a high overload capacity design, with a 1.5 times overload capability for 10 seconds, meeting grid construction requirements [3]. - Compared to traditional models, the new inverter improves power density by 22% and reduces footprint by 30%, thereby lowering initial system investment costs [3]. - The product incorporates domestically produced core components, high-precision sensors, and a fully localized operating system and database, ensuring performance and supply chain stability [3]. Group 3: Commitment to a Carbon-Free Future - The 3.X MW Cloud Hub energy storage inverter aims to enhance energy efficiency, accelerate renewable energy consumption, and build a more stable grid, contributing to a clean, low-carbon, and efficient modern energy system [4]. - The company emphasizes the need for industry-wide collaboration to achieve a carbon-neutral future and invites partners and stakeholders to work together in promoting the large-scale application of clean energy [4]. Group 4: Market Developments - The global debut of the 6.X energy storage battery cabin was announced, with contracts signed with multiple companies, indicating a significant market presence [5]. - The energy storage sector saw a year-on-year increase of 228% in new installed capacity, totaling 15.85 GWh [5]. - In May, 48 new energy storage policies were released, with Document No. 136's supporting policies becoming a focal point for various regions [5].

Core Viewpoint - The company, Zhuzhou CRRC Times Electric Co., Ltd., has announced the date and details for its 2024 Annual General Meeting and the 2025 First A-share and H-share Class Shareholders' Meetings, scheduled for June 27, 2025, at 10:00 AM [1][2]. Meeting Details - The meetings will be held at the Times Hotel, Room 301, Shifeng District, Zhuzhou City [4]. - The voting will be conducted through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [2][4]. Voting Procedures - Shareholders can vote via the trading system or the internet voting platform, with specific times allocated for each method [3][6]. - The company will provide a reminder service for small and medium investors to ensure they can participate in the voting process [6]. Agenda Items - The agenda will include the Independent Director's Annual Report for 2024 and various resolutions requiring votes from shareholders [5]. - Certain resolutions will require separate counting of votes from small and medium investors [5]. Attendance and Registration - Shareholders must register to attend the meeting by June 23, 2025, and can do so via email [13]. - Personal identification or authorization documents are required for attendance [14]. Contact Information - The company has provided contact details for inquiries related to the meeting, including a phone number and address [15].

证券代码：688187(A 股) 证券简称：时代电气（A 股） 公告编号：2025-022 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 株洲中车时代电气股份有限公司 关于召开2024年年度股东会、2025 年第一次 A 股类别 股东会及 2025 年第一次 H 股类别股东会的通知 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东会类型和届次 2024年年度股东会、2025 年第一次 A 股类别股东会及 2025 年第一次 H 股类 别股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 27 日 至2025 年 6 月 27 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30 ...

Core Insights - On June 3, 40 Hong Kong-listed companies conducted share buybacks, totaling 27.7357 million shares and an aggregate amount of HKD 1.079 billion [1][2] - Tencent Holdings led the buybacks with 994,000 shares repurchased for HKD 500 million, bringing its total buyback amount for the year to HKD 27.031 billion [1][2] - AIA Group followed with a buyback of 6 million shares for HKD 403 million, and Kuaishou-W repurchased 2 million shares for HKD 102 million [1][2] Buyback Details - Tencent Holdings: - Shares repurchased: 994,000 - Buyback amount: HKD 500 million - Highest price: HKD 505.000 - Lowest price: HKD 501.000 - Year-to-date total buyback: HKD 27.031 billion [2] - AIA Group: - Shares repurchased: 6 million - Buyback amount: HKD 403 million - Highest price: HKD 67.650 - Lowest price: HKD 66.550 - Year-to-date total buyback: HKD 11.412 billion [2] - Kuaishou-W: - Shares repurchased: 2 million - Buyback amount: HKD 102 million - Highest price: HKD 51.350 - Lowest price: HKD 50.950 - Year-to-date total buyback: HKD 1.911 billion [2] Other Notable Buybacks - Other companies with significant buybacks include: - Hengan International: 600,000 shares for HKD 13.13 million - China Eastern Airlines: 200,000 shares for HKD 592,760 [2] - The total buyback activity reflects a trend among companies to return capital to shareholders amid market conditions [1][2]

呈交日期： 2025年6月3日 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 株洲中車時代電氣股份有限公司 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | | 股份類別 | H | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 03898 | | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | ...

Summary of Key Points Core Viewpoint - A total of 36 companies conducted share buybacks on June 2, 2025, with Tencent Holdings (00700) leading in both the number of shares repurchased and the total amount spent on buybacks. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 1.013 million shares for a total of 501 million CNY, with a year-to-date cumulative buyback of 10.797 million shares, representing 0.118% of its total share capital [1][2] - AIA Group (01299) repurchased 5.448 million shares for 354 million CNY, with a cumulative buyback of 29.266 million shares, accounting for 0.274% of its total share capital [2] - Kuaishou-W (01024) repurchased 6 million shares for 312 million CNY, with a cumulative buyback of 12.3 million shares, representing 2.826% of its total share capital [2] Group 2: Other Notable Buybacks - Times Electric (03898) repurchased 320,700 shares for 10.528 million CNY, with a cumulative buyback of 53.301 million shares, accounting for 9.823% of its total share capital [2] - Stone Four Pharmaceutical Group (02005) repurchased 7.55 million shares for approximately 20.984 million CNY, with a cumulative buyback of 7.55 million shares, representing 0.263% of its total share capital [2] - Modern Dental Group (03600) repurchased 100,000 shares for 4.181 million CNY, with a cumulative buyback of 200,000 shares, accounting for 0.021% of its total share capital [3] Group 3: Additional Companies - China Eastern Airlines (00670) repurchased 2 million shares for 596,650 CNY, with a cumulative buyback of 66.088 million shares, representing 1.277% of its total share capital [2] - Mengniu Dairy (02319) repurchased 300,000 shares for 5.225 million CNY, with a cumulative buyback of 24.596 million shares, accounting for 0.625% of its total share capital [2] - Huazheng Medical (01931) repurchased 20,000 shares for 4.260 million CNY, with a cumulative buyback of 1.824 million shares, representing 0.135% of its total share capital [3]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 株洲中車時代電氣股份有限公司 呈交日期： 2025年6月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 03898 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年5月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 株洲中車時代電氣股份有限公司 呈交日期: 2025年6月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03898 | 說明 | H 股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,432,200 | RMB | | 1 | RMB | | 500,432,200 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 500,432,200 | RMB | | 1 | RMB | | 500,432,200 | | 2. 股份分 ...