Core Viewpoint - 京城机电股份 has seen a significant stock price increase, attributed to its involvement in a groundbreaking project in the field of thermal energy technology for heavy oil extraction [1] Company Summary - 京城机电股份 (00187) experienced a stock price increase of over 5%, reaching a peak of 6.27 HKD during trading, and currently stands at 5.23 HKD with a trading volume of 446 million HKD [1] - The company’s subsidiary, 北京巴威, played a crucial role as the overall solution provider for the first global thermal energy replacement project for heavy oil extraction, which commenced operations on September 12 in Xinjiang [1] - The project features a core device, the high-temperature heat absorber, developed and designed by 北京巴威, which is installed at the top of the heat-absorbing tower, ensuring stable supply to meet design targets [1] Industry Summary - The project represents a significant breakthrough in China's thermal energy technology and green development of heavy oil [1] - 京城机电 is transitioning from traditional manufacturing to emerging industries such as hydrogen energy, digital hydraulics, and robotics, aligning with the dual carbon strategy and the wave of intelligent manufacturing [1] - According to Guojin Securities, 2025 is projected to be a critical point for the hydrogen energy sector, with expectations for rapid growth in hydrogen and fuel cell industries, particularly in fuel cell vehicles and green hydrogen projects [1]

Core Viewpoint - The stock of Jingcheng Machinery Electric Co., Ltd. (00187) has seen a significant increase, rising over 8% following the operational launch of the world's first heavy oil extraction solar thermal replacement project in Xinjiang, marking a major breakthrough in solar thermal technology and green development of heavy oil in China [1] Company Summary - Jingcheng Machinery Electric's subsidiary, Beijing Bawen, is the key equipment solution provider for the project, having successfully developed and designed the core device, a high-temperature heat absorber installed at the top of the heat-absorbing tower [1] - The company is transitioning from traditional manufacturing to emerging industries such as hydrogen energy, digital hydraulics, and robotics in response to the dual carbon strategy and the wave of intelligent manufacturing [1] Industry Summary - According to Guojin Securities, 2025 is a critical milestone for the medium to long-term planning of hydrogen energy, with the hydrogen and fuel cell industry expected to enter a rapid growth phase [1] - The rollout of fuel cell vehicles and green hydrogen projects is anticipated to accelerate, with hydrogen energy and fuel cell manufacturing identified as the two main lines of focus for the industry [1]

Core Viewpoint - The stock of Jingcheng Machinery Electric Co., Ltd. (00187) has seen a significant increase, rising over 8% following the operational launch of the world's first heavy oil extraction solar thermal replacement project in Xinjiang, marking a major breakthrough in solar thermal technology and green development of heavy oil in China [1]. Company Summary - Jingcheng Machinery Electric's subsidiary, Beijing Bawen, is the key equipment solution provider for the project, having successfully developed and designed the core equipment, a high-temperature heat absorber installed at the top of the heat-absorbing tower [1]. - The company is transitioning from traditional manufacturing to emerging industries such as hydrogen energy, digital hydraulics, and robotics, aligning with the dual carbon strategy and the wave of intelligent manufacturing [1]. Industry Summary - According to Guojin Securities, 2025 is a critical milestone for the medium to long-term planning of the hydrogen energy sector, with expectations for a surge in the hydrogen and fuel cell industry, particularly in fuel cell vehicles and green hydrogen projects [1]. - The manufacturing of hydrogen energy and fuel cells is currently identified as two main lines of focus, suggesting ongoing attention to these sectors [1].

Group 1 - Hydrogen energy concept stocks experienced significant intraday gains on September 18, with companies such as Yihuatong and Jingcheng Co. hitting the daily limit up [1] - Other companies in the sector, including Hemei Group, Zhongtai Co., Houp Co., Power New Science, and Koweil, also saw increases in their stock prices [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 北京京城機電股份有限公司 Beijing Jingcheng Machinery Electric Company Limited （在中華人民共和國註冊成立之股份有限公司） （股份代號：0187） 須予披露交易 有關全資附屬公司增資擴股的視作出售事項 補充公告 茲提述北京京城機電股份有限公司（「本公司」）日期為2025年8月29日之公告（「該公告」），內容有關 （其中包括）北京天海氫能裝備有限公司（「天海氫能」）（本公司之全資附屬公司）透過於北京產權交易所 （「北交所」）公開掛牌引入投資者的方式增資擴股。除文義另有所指外，本公告所用詞彙與該公告所 界定者具有相同涵義。 本公告旨在就視作出售事項提供進一步資料。 增資底價 本公司於公開掛牌文件中擬定的增資底價為不低於經備案的評估結果。天海氫能於基準日的全部股 權（「評估資產」）價值約為人民幣80,600萬元。天海氫能於基準日的全部股權價值評估由獨立專業評 ...

FF301 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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 10 頁 v 1.1.1 公司名稱: 北京京城機電股份有限公司(於中華人民共和國註冊成立之股份有限公司) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 447,665,988 | RMB | | 1 RMB | | 447,665,988 | | 增加 / 減少 (-) | | | -180,000 | | | RMB | | -180,000 | | 本月底結存 | | | 447,485,988 | RMB ...

Group 1 - The core point of the article is that Jingcheng Holdings (SH 600860) announced a temporary board meeting on August 29, 2025, to discuss a capital increase and investment agreement for its subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd [1] - For the first half of 2025, Jingcheng Holdings reported that its revenue composition was 84.31% from gas storage and transportation products, 9.08% from automation manufacturing system integration, 4.4% from other businesses, and 2.21% from additional operations [1] - As of the report date, Jingcheng Holdings has a market capitalization of 7 billion yuan [1] Group 2 - The article mentions that nearly 120 brands and 1,600 vehicles are competing in the Southwest region, indicating a significant event in the automotive industry [1] - The first A-level car exhibition of the second half of the year is set to reshape the market landscape for new energy vehicles [1]

Core Viewpoint - The company, Jingcheng Electromechanical Co., Ltd. (00187), has entered into a capital increase agreement with Tianhai Hydrogen Energy and its investment partners, which will enhance its competitive edge and optimize its capital structure [1][2]. Group 1 - The capital increase agreement involves a total investment of RMB 290 million, with Tianhai Industrial set to hold approximately 73.54% of Tianhai Hydrogen Energy post-transaction [1]. - The investment partners include several funds such as CRRC Transformation and Upgrade Fund, Huayu High-tech Fund, and others, collectively holding about 26.46% of Tianhai Hydrogen Energy [1]. - Tianhai Hydrogen Energy specializes in manufacturing environmental protection equipment, general equipment, and hydrogen-related facilities, among other activities [1]. Group 2 - The capital increase project aims to consolidate the group's hydrogen-related resources, positioning Tianhai Hydrogen Energy as a core platform for capital operations [2]. - This strategic move is expected to attract market resources to support the development of Tianhai Hydrogen Energy [2]. - The transaction is anticipated to enhance the company's competitiveness in the hydrogen energy sector [2].

Core Viewpoint - The announcement details a capital increase agreement involving Tianhai Hydrogen Energy and its parent company Tianhai Industrial, with a total investment of RMB 290 million aimed at enhancing the company's competitiveness and optimizing its capital structure [1] Group 1: Investment Details - Tianhai Hydrogen Energy will receive a total investment of RMB 290 million from various investors including CRRC Transformation and Upgrade Fund, Huayu High-tech Fund, and others [1] - After the completion of the transaction, Tianhai Industrial will hold approximately 73.54% of Tianhai Hydrogen Energy, while the investors will collectively hold about 26.46% [1] Group 2: Business Focus - Tianhai Hydrogen Energy is primarily engaged in manufacturing environmental protection equipment, general equipment (excluding special equipment), and various other related activities including hydrogen refueling and storage facilities [1] - The company is also involved in the research and development of carbon fiber recycling technology, indicating a focus on sustainable practices [1] Group 3: Strategic Planning - The capital increase project is part of a strategic plan to consolidate the group's hydrogen-related resources, positioning Tianhai Hydrogen Energy as a core platform for capital operations [1] - The initiative aims to attract market resources to support the development of Tianhai Hydrogen Energy, thereby enhancing the company's competitive edge [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 北京京城機電股份有限公司 Beijing Jingcheng Machinery Electric Company Limited （在中華人民共和國註冊成立之股份有限公司） （股份代號：0187） 須予披露交易 有關全資附屬公司增資擴股的視作出售事項 茲提述本公司日期為2025年6月23日之內幕消息公告，內容有關天海氫能（本公司之全資附屬公 司）透過於北京產權交易所公開掛牌引入投資者的方式增資擴股。 於2025年8月29日，天海氫能、天海工業（本公司之全資附屬公司）及投資方訂立增資協議及 補充協議。根據增資協議及補充協議，投資方同意對天海氫能進行增資，代價合共為人民幣 290,000,000元。於視作出售事項完成後，天海工業將持有天海氫能約73.54%股權，而投資方將合 共持有天海氫能約26.46%股權。 視作出售事項完成後，本公司通過天海工業間接持有天海氫能的股權將下降至約73.54%。因此， 根據 ...