Group 1 - The core point of the announcement is the result of the share reduction by a major shareholder, Yixing Guoyuan Investment Partnership, which held 161,579,892 shares, accounting for 7.28% of the total share capital before the reduction [2][3] - The reduction plan was disclosed on June 4, 2025, with a timeframe for the reduction set from June 25, 2025, to September 24, 2025, allowing for a maximum reduction of 51,045,200 shares, or 2.30% of the total share capital [3] - The actual reduction results showed that from July 14, 2025, to September 24, 2025, the shareholder reduced 22,193,334 shares through centralized bidding, representing 1.00% of the total share capital, and 3,693,300 shares through block trading, representing 0.17% of the total share capital [3][5] Group 2 - The reduction plan was fully implemented as per the disclosed schedule, and the actual reduction met the minimum reduction quantity as planned [5] - There were no associated parties involved in the reduction by the major shareholder [4]

证券日报网讯 9月25日晚间，远东股份发布公告称，本次减持计划实施前，公司股东宜兴国远投资合伙 企业（有限合伙）（简称"国远投资"）持有公司股份161，579，892股，占公司总股本比例为7.28%。 2025年9月25日，公司收到国远投资通知，2025年7月14日至2025年9月24日，国远投资通过集中竞价交 易方式合计减持公司股份22，193，334股，占公司总股本的1.00%；通过大宗交易方式合计减持公司股 份3，693，300股，占公司总股本的0.17%。 （编辑 任世碧） ...

证券代码：600869 证券简称：远东股份 公告编号：2025-081 远东智慧能源股份有限公司 关于持股 5%以上股东减持股份结果公告 2025 年 9 月 25 日，公司收到国远投资通知，2025 年 7 月 14 日至 2025 年 9 月 24 日，国远投资通过集中竞价交易方式合计减持公司股份 22,193,334 股，占 公司总股本的 1.00%；通过大宗交易方式合计减持公司股份 3,693,300 股，占公 司总股本的 0.17%。 | 股东名称 | 宜兴国远投资合伙企业（有限合伙） | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | √是 | □否 | 一、减持主体减持前基本情况 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，远东智慧能源股份有限公司（以下简称"公司"）股 东宜兴国远投资合伙企业（有限合伙）（以下简称"国远投资" ...

格隆汇9月25日丨远东股份(600869.SH)公布，2025年9月25日，公司收到国远投资通知，2025年7月14日 至2025年9月24日，国远投资通过集中竞价交易方式合计减持公司股份2219.33万股，占公司总股本的 1.00%；通过大宗交易方式合计减持公司股份369.33万股，占公司总股本的0.17%。 ...

Summary of Key Points Core Viewpoint - On September 24, Far East Holdings conducted a block trade of 3.6933 million shares, with a transaction value of 25.6684 million yuan, representing 2.29% of the total trading volume for the day. The transaction price was 6.95 yuan, which is a 14.62% discount compared to the market closing price of 8.14 yuan [1]. Group 1 - The block trade involved a significant volume of shares, totaling 3.6933 million [1]. - The transaction value of the block trade was 25.6684 million yuan [1]. - The discount of 14.62% on the transaction price compared to the market closing price indicates a notable price deviation [1]. Group 2 - The transaction price for the shares was set at 6.95 yuan [1]. - The block trade accounted for 2.29% of the total trading volume on that day [1].

Core Viewpoint - Far East Holdings experienced a stock price decline of 2.18% on September 22, with a current price of 7.64 CNY per share and a total market capitalization of 16.956 billion CNY [1] Financial Performance - For the first half of 2025, Far East Holdings reported a revenue of 12.976 billion CNY, representing a year-on-year growth of 14.38%, and a net profit attributable to shareholders of 144 million CNY, which is a significant increase of 210.60% [2] Stock Market Activity - The stock has seen a year-to-date increase of 60.84%, with a 10.25% rise over the last five trading days and a 50.39% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on August 25, where it recorded a net purchase of 714.9 million CNY [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 70,100, with an average of 31,677 circulating shares per person, a decrease of 4.99% from the previous period [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 11.36 million shares, and Huaxia Industry Prosperity Mixed Fund, which reduced its holdings by 3.17 million shares [3] Business Overview - Far East Holdings, established on January 25, 1995, specializes in smart cable network products and services, smart airport/energy system services, smart automotive power and storage systems, and industrial internet [1] - The revenue composition of the company is as follows: cable division 88.95%, airport division 5.79%, and battery division 5.58% [1] Dividend Information - Since its A-share listing, Far East Holdings has distributed a total of 1.083 billion CNY in dividends, with 155 million CNY distributed over the last three years [3] Industry Classification - The company belongs to the electrical equipment sector, specifically in the cable components and other categories, and is associated with concepts such as optical fiber cables, humanoid robots, power IoT, charging piles, and solar energy [2]

Investment Rating - The report rates the liquid cooling industry as "Overweight," indicating that it is expected to outperform the overall market [3]. Core Insights - The MLCP (Micro-Channel Liquid Cooling Plate) technology is highlighted as an innovative solution to address the cooling challenges posed by ultra-high power chips, with expected power consumption exceeding 2000W [3][5]. - The report emphasizes the importance of micro-channel design, forced convection, and optimized fluid dynamics in achieving high heat exchange efficiency [5]. - Key companies in the industry are recommended for attention, including Jiangshun Technology, Yingweike, and Kangsheng Co., among others, due to their advancements in liquid cooling technology [5]. Summary by Sections Industry Overview - The MLCP technology utilizes micro-scale fluid channels to achieve efficient heat exchange, capable of handling extreme thermal loads [5]. - The manufacturing processes for micro-channels include etching, 3D printing, and stamping, each with its advantages and limitations [5]. Key Companies and Valuations - Jiangshun Technology: Market cap of 48.74 billion, projected net profit of 1.55 billion in 2024 [6]. - Yingweike: Market cap of 756.61 billion, projected net profit of 4.53 billion in 2024 [6]. - Kangsheng Co.: Market cap of 54.89 billion, with a projected net profit of -0.98 billion in 2024 [6]. - Other notable companies include Nanfeng Co., Huazhu High-Tech, and Yinhong Co., with varying market caps and profit projections [6].

证券代码：600869 证券简称：远东股份 公告编号：2025-080 远东智慧能源股份有限公司 关于为子公司提供担保的公告 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 | 新远东电缆有限公司（以下简称"新 | | | | --- | --- | --- | --- | --- | | | | 远东电缆"） | | | | | 本次担保金额 | 12,000.00 万元 | | | | 担保对象一 | 实际为其提供的担保余额 | 175,052.45 万元 | | | | | 是否在前期预计额度内 本次担保是否有反担保 | 是 □不适用：_________ □是 | □否 否 | □不适用：_________ | | | 被担保人名称 | 电缆"） | | | | | | | | 远东电缆有限公司（以下简称"远东 | | | 本次担保金额 | 5,000.00 万元 | | | | 担保对象二 | 实际为其提供的担保余额 | 463,021.16 | | 万元 ...

Core Viewpoint - The trading volume of Far East Holdings has reached 1.488 billion RMB, marking the highest level since July 22, 2022, despite a recent stock price decline of 4.65% [1][1][1] Company Summary - Far East Smart Energy Co., Ltd. was established on January 25, 1995, with a registered capital of 2.219 billion RMB [1][1][1] - The stock's turnover rate is reported at 8.30%, indicating significant trading activity [1][1][1] - The previous trading day's total transaction volume was 1.484 billion RMB, showing consistent trading interest [1][1][1]

Market Overview - The power equipment sector experienced a decline of 0.98% on the previous trading day, with Meishuo Technology leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the power equipment sector included: - Hangdian Co., Ltd. (603618) with a closing price of 9.19, up 10.06% [1] - Xinhongtai (603016) at 29.78, up 10.01% [1] - Far East Holdings (600869) at 8.18, up 9.95% [1] - Other stocks with positive performance included: - Dongfang Electronics (000682) at 11.78, up 3.51% [1] - Sanhui Electric (002857) at 24.82, up 2.48% [1] Capital Flow - The power equipment sector saw a net outflow of 1.55 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.525 billion yuan [2] - The capital flow for specific stocks showed: - Far East Holdings (600869) had a net inflow of 1.62 billion yuan from institutional investors [3] - Dongfang Cable (603606) recorded a net inflow of 1.01 billion yuan [3] Individual Stock Analysis - Meishuo Technology (301295) faced a significant decline of 5.47%, closing at 29.88 [2] - ST Huicheng (002168) dropped by 4.96%, closing at 4.02 [2] - The stock performance of other companies included: - Zhiyang Innovation (688191) down 4.56% at 28.68 [2] - New Wind Power (688663) down 4.40% at 37.83 [2]