Group 1 - Sichuan Changhong announced that as of October 31, 2025, the company has repurchased approximately 760,000 shares, accounting for 0.0164% of the total share capital as of the announcement date [1] - The highest purchase price for the repurchased shares was RMB 9.97 per share, while the lowest was RMB 9.69 per share [1] - The total amount of funds paid for the repurchase was approximately RMB 7.47 million [1]

Group 1 - The company Sichuan Changhong announced that it will provide a guarantee of 860.16 million yuan to its wholly-owned subsidiary Hong Kong Changhong by October 2025 [1] - The guarantee includes contracts signed with China Development Bank Sichuan Branch, Ping An Bank Guangzhou Branch, and Dongguan Bank Hong Kong Branch [1] - There is no counter-guarantee for this guarantee, and the total guarantee balance for Hong Kong Changhong after the agreement will be 4.85 billion yuan [1] Group 2 - As of the announcement date, the total external guarantees provided by the company and its non-listed subsidiaries amount to 14.692 billion yuan, which represents 100.22% of the most recent audited net assets [1] - The company has no overdue guarantees [1] - In 2024, the company has approved a guarantee limit of up to 55.43 billion yuan for Hong Kong Changhong for the year 2025 [1]

证券代码：600839 证券简称：四川长虹 公告编号：临 2025-087 号 四川长虹电器股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 | 回购方案首次披露日 | 2025/5/9 | | --- | --- | | 回购方案实施期限 | 2025 年 6 月 26 日~2026 年 6 月 25 日 | | 预计回购金额 | 人民币 25,000万元~50,000万元 | | 回购用途 | □减少注册资本 | | | √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 756,300股 | | 累计已回购股数占总股本比例 | 0.0164% | | 累计已回购金额 | 7,469,047元 | | 实际回购价格区间 | 9.69元/股~9.97元/股 | 一、回购股份的基本情况 四川长虹电器股份有限公司（以下简称"公司"或"四川长虹"）分别于 2025 年 5 月 8 日、2025 ...

证券代码：600839 证券简称：四川长虹 公告编号：临 2025-086 号 四川长虹电器股份有限公司 关于 2025 年度对外担保的进展公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 港长虹"） | | 长虹（香港）贸易有限公司（以下简称"香 万元 | | --- | --- | --- | --- | --- | | | 本次担保金额 | 合计 | 86,016.16 | | | 担保 对象 | 实际为其提供的担保余 额（含本次担保，下同） | 485,186.41 | 万元 | | | | 是否在前期预计额度内 | 是 □否 | | □不适用：_________ | | | 本次担保是否有反担保 | □是 否 | | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 1,469,243.77 | | 对外担保总 ...

四川长虹电器股份有限公司（以下简称"公司"或"四川长虹"）第十二届 董事会第三十八次会议通知及会议材料于 2025 年 10 月 29 日以电子邮件方式送 达全体董事，会议于 10 月 31 日以通讯方式召开。会议应出席董事 9 名，实际出 席董事 9 名，公司全体高级管理人员列席了会议。会议召开符合《公司法》及《公 司章程》的规定。会议由董事长柳江先生主持，经与会董事充分讨论，审议通过 了如下决议： 一、审议通过《关于公司下属子公司购买资产暨关联交易的议案》 根据公司下属子公司四川长虹虹微科技有限公司（以下简称"虹微公司"） 经营发展需要，会议同意虹微公司向关联方四川启睿克科技有限公司（以下简称 "启睿克"）购买 22 项无形资产，资产不含税金额为 23,256,020 元，资金来源 为虹微公司自有资金。 证券代码：600839 证券简称：四川长虹 公告编号：临 2025-088 号 四川长虹电器股份有限公司 第十二届董事会第三十八次会议决议公告 本公司董事会及全体董事保证本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、准确性和完整性承担法律责任。 表决结果：同意 4 票，回避 ...

Core Insights - The black home appliance sector experienced a 1.34% increase on November 3, with XGIMI Technology leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - XGIMI Technology (688696) closed at 111.89, up 9.04% with a trading volume of 32,600 lots and a transaction value of 352 million [1] - Tongzhou Electronics (002052) rose by 3.37% to 14.74, with a trading volume of 343,400 lots [1] - ST Gauss (002848) increased by 1.88% to 8.15, with a trading volume of less than 39,200 lots [1] - Sichuan Changhong (600839) and Skyworth Digital (000810) both saw a 1.47% increase, closing at 10.33 and 13.80 respectively [1] - Other notable stocks include Feichi Co. (002429) up 0.81% and Jiulian Technology (688609) up 0.49% [1] Capital Flow - The black home appliance sector saw a net inflow of 52.75 million from main funds, while retail funds experienced a net outflow of 37.64 million [1] - Main fund inflows for Sichuan Changhong were negative at -35.79 million, while XGIMI Technology had a positive inflow of 31.84 million [2] - Retail investors showed a significant outflow from XGIMI Technology, totaling -2.56 million [2]

Core Insights - The threshold for entering the top 100 enterprises in Sichuan has significantly increased from 39.54 billion yuan in 2020 to 82.40 billion yuan in 2025, indicating a robust growth in the province's economy [3][4] - The number of billion-dollar enterprises in Sichuan has doubled from 4 in 2021 to 8 in 2025, highlighting the emergence of strong players in the energy, agriculture, and manufacturing sectors [3][4] - New entrants in the hundred-billion level enterprises are primarily from emerging industries such as renewable energy, smart manufacturing, and finance, reflecting a shift in the economic landscape [3][4] Group A: Billion-Dollar Enterprises - The eight billion-dollar enterprises in Sichuan include Tongwei Co., Ltd., Yibin Wuliangye Group Co., Ltd., Sichuan Changhong Electric Co., Ltd., and others, contributing significantly to employment and industrial stability [3] - Tongwei Co., Ltd. has achieved remarkable growth, with revenues increasing from under 100 billion yuan in 2021 to over 240 billion yuan in 2025, driven by the global photovoltaic industry's expansion [3][4] - The emergence of new players like Xiya Group, which focuses on non-ferrous metals, showcases the dynamic nature of the Sichuan economy [3] Group B: Hundred-Billion Enterprises - Over 70% of the hundred-billion enterprises are new entrants, indicating a strong middle force in the economy, with significant contributions from sectors like new energy and artificial intelligence [3][4] - Companies like Yibin Meijie Communication Technology Co., Ltd. and Sichuan Highview Solar Technology Co., Ltd. have made their debut in the rankings, reflecting the growth of the smart terminal and photovoltaic industries [3][4] - The rise of companies in the new energy and AI sectors demonstrates a proactive approach to industry transformation and differentiation [3] Group C: Market Dynamics - Traditional industries are facing challenges, with companies like Sichuan Blu-ray Development Co., Ltd. dropping out of the rankings due to the downturn in the real estate sector [4] - The construction and food and beverage industries are also experiencing volatility, with several companies failing to meet the entry threshold for the top 100 list [4] - The lithium industry has seen significant fluctuations, with companies like Chengdu Bamo Technology Co., Ltd. and Sichuan Yahua Industrial Group Co., Ltd. exiting the rankings due to market oversupply [4] Group D: Regional Distribution - The majority of the top 100 enterprises are concentrated in Chengdu, which reflects the city's dominant economic position in Sichuan [4] - Other cities like Mianyang and Luzhou are also seeing growth in their number of top enterprises, but the overall regional development remains uneven [4] - The state-owned enterprises dominate the rankings, comprising over 70% of the top 100, while private enterprises, though fewer, are showing strong market vitality and operational efficiency [4]

Core Insights - The black home appliance sector saw a rise of 0.73% on October 31, with *ST Gauss leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - *ST Gauss closed at 8.00, up 2.56% with a trading volume of 45,500 shares and a turnover of 36.18 million yuan [1] - Other notable performers include: - Chuangwei Digital: closed at 13.60, up 2.56% with a trading volume of 231,100 shares [1] - Hisense Visual: closed at 24.78, up 2.19% with a trading volume of 165,500 shares [1] - Sichuan Jiuzhou: closed at 15.32, up 1.46% with a trading volume of 151,900 shares [1] - Jiu Lian Technology: closed at 10.12, up 1.30% with a trading volume of 125,600 shares [1] - Sichuan Changhong: closed at 10.18, up 0.99% with a trading volume of 854,600 shares [1] - Other stocks showed mixed results, with some experiencing declines [1] Capital Flow - The black home appliance sector experienced a net outflow of 6.06 million yuan from institutional investors and 61.07 million yuan from retail investors, while individual investors saw a net inflow of 67.13 million yuan [1] - Notable capital flows include: - Sichuan Changhong: net inflow of 62.17 million yuan from institutional investors [2] - Hisense Visual: net inflow of 47.43 million yuan from institutional investors [2] - Chuangwei Digital: net inflow of 15.56 million yuan from institutional investors [2] - *ST Gauss: net inflow of 7.67 million yuan from institutional investors [2] - Other companies like Extreme Technology and Tongzhou Electronics saw significant net outflows from institutional investors [2]

Market Overview - The black home appliance sector experienced a decline of 2.16% on October 30, with Sichuan Jiuzhou leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock performances in the black home appliance sector included: - Jiulian Technology (688609) rose by 1.63% to a closing price of 66.6 [1] - Sichuan Jiuzhou (000801) fell by 4.25% to a closing price of 15.10 [1] - Tongzhou Electronics (002052) saw a decline of 3.73% to a closing price of 15.21 [1] - The trading volume and turnover for key stocks were significant, with Sichuan Changhong (600839) recording a turnover of 946 million [1] Capital Flow - The black home appliance sector saw a net outflow of 374 million from main funds, while retail investors contributed a net inflow of 223 million [1] - The capital flow for individual stocks indicated: - Jiulian Technology had a net inflow of 3.55 million from main funds [2] - Sichuan Jiuzhou experienced a significant net outflow of 66.24 million from main funds [2] - Creative Digital (000810) had a net outflow of 31.78 million from main funds [2]

Core Viewpoint - The CR450 high-speed train, recognized as the "world's fastest high-speed train," has achieved remarkable speed records, showcasing advancements in technology and innovation in the rail industry, particularly through the contributions of Changhong Power's AI lithium-ion battery system [1][5]. Group 1: Technological Innovations - The CR450 train set a new record with a single train speed of 453 km/h and a relative speed of 896 km/h during tests [1]. - The AI lithium-ion battery system developed by Changhong Power is 57% lighter and incorporates a predictive health management (PHM) technology that can foresee faults [1][3]. - The PHM system functions like a "smart brain" for the battery, allowing real-time tracking and analysis of electrical parameters, which enhances fault prediction and battery management [3][5]. Group 2: Development Challenges - The development team faced significant challenges in 2023, needing to reduce the battery system's weight by 200 kg to meet overall vehicle weight requirements [5]. - The design team, led by the chief designer, worked extensively to achieve weight reduction while maintaining structural integrity, resulting in a final battery weight of 920 kg [5]. Group 3: Market Impact and Future Applications - The CR450 battery system has received multiple certifications and has achieved a 50% market share in its niche [5][6]. - The technologies developed for the CR450 project can be applied to other sectors, including next-generation subways, low-capacity urban rail, and high-voltage new energy locomotives, indicating potential for market expansion [6].