Core Viewpoint - The announcement highlights that 4,260,200 shares of Ningbo Shanshan Co., Ltd. held by its indirect controlling shareholder, Shanshan Holdings Co., Ltd., will be subject to judicial auction, which may impact the shareholding structure but is not expected to change the company's control [2][4]. Group 1: Auction Details - The shares to be auctioned represent 11.50% of Shanshan Holdings' total holdings and 0.19% of the company's total share capital [2]. - The auction is currently in the public notice stage, with potential subsequent steps including bidding, payment, and transfer of ownership [3][4]. Group 2: Shareholding Impact - Currently, the controlling shareholder and its concerted parties hold a total of 592,849,126 shares, accounting for 26.36% of the company's total share capital [2][4]. - If the auction is fully successful, the controlling shareholder's holdings will decrease to 588,588,926 shares, representing 26.17% of the total share capital, which is not expected to lead to a change in control [2][4]. Group 3: Additional Information - A subsidiary of Shanshan Holdings, Ningbo Yinzhou Jielun Investment Co., Ltd., will also auction 29,580,000 restricted shares, which is 1.32% of the company's total share capital, on August 25-26, 2025 [4]. - The company will continue to monitor the auction process and fulfill its information disclosure obligations as required by laws and regulations [2][4].

Group 1 - The auction involves 4,260,200 shares of Ningbo Shanshan Co., Ltd. held by the executor Shanshan Holdings Co., Ltd. [1] - The starting price for the auction is set at 43.517943 million yuan, calculated as 90% of the average closing price over the last 20 trading days multiplied by the total number of shares [2] - A deposit of 4 million yuan is required to participate in the auction [3] Group 2 - The auction will be conducted on Taobao, starting from September 20, 2025, at 10:00 AM until September 21, 2025, at 10:00 AM, with possible extensions [4] - The auction is facilitated by Shanghai Qibei Auction Co., Ltd. [4] - Contact information for inquiries includes Ms. Liu at 13817791926 and 021-62712827 [5]

Core Viewpoint - The announcement highlights that shares held by the indirect controlling shareholder, Shanshan Holdings Co., Ltd., will be subject to judicial auction, but this is not expected to change the company's control structure. Group 1: Auction Details - The shares to be auctioned are 4,260,200 unrestricted circulating shares held by Shanshan Holdings, representing 11.50% of the shares held by the controlling shareholder and 0.19% of the total share capital of the company [1][2]. - The auction is scheduled to take place from September 21, 2025, and the shares are currently in a frozen state [1][2]. - If the auction is fully successful, the total shares held by the controlling shareholder and its concerted parties will decrease from 592,849,126 shares (26.36% of total shares) to 588,588,926 shares (26.17% of total shares), which is not expected to affect the control of the company [1][2]. Group 2: Additional Information - A subsidiary of Shanshan Holdings, Ningbo Yinzhou Jielun Investment Co., Ltd., will also auction 29,580,000 restricted shares, accounting for 1.32% of the total share capital, from August 25 to August 26, 2025 [3]. - The auction process is still in the public announcement phase, and there may be subsequent steps involving bidding, payment, and transfer of equity, with uncertain outcomes [1][3].

证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-063 宁波杉杉股份有限公司 关于间接控股股东部分股份将被司法拍卖的提示性公告 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： 本次将被司法拍卖的股份为宁波杉杉股份有限公司（下称"公司"）间接 控股股东杉杉控股有限公司（下称"杉杉控股"）持有的公司无限售流通股 4,260,200 股，占其持有公司股份总数的 11.50%，占公司总股本的 0.19%。目前 上述股份处于冻结状态。 目前，公司控股股东及其一致行动人合计持有公司股份 592,849,126 股， 占公司总股本的 26.36%。如本次拍卖全部成交，公司控股股东及其一致行动人 的持股将降至 588,588,926 股，占公司总股本的 26.17%，预计不会导致公司控 制权发生变化。 本次拍卖事项尚在公示阶段，后续将可能涉及竞拍、缴款、股权变更过 户等环节，拍卖结果尚存在不确定性。公司将持续关注上述事项的进展，严格按 照相关法律、法规及规范性文件的要求及时履行信息披露义务，敬请广大投资者 ...

Core Insights - A total of 48 stocks on the Shanghai and Shenzhen exchanges have experienced net inflows of main funds for five consecutive days or more, indicating strong investor interest [1] Group 1: Stocks with Significant Net Inflows - Hengshang Energy has seen net inflows for 11 consecutive days, ranking first among the stocks [1] - Agricultural Bank of China ranks second with net inflows for 10 consecutive days, totaling 1.917 billion yuan [1] - BoRui Pharmaceutical follows with net inflows for 8 days, amounting to 868 million yuan [1] Group 2: Performance Metrics - Agricultural Bank of China has the highest total net inflow amount, with a cumulative net inflow of 1.917 billion yuan over 10 days, and a price increase of 11.56% [1] - BoRui Pharmaceutical has a net inflow of 868 million yuan over 8 days, with a price increase of 16.13% [1] - Xinjiang Communications Construction has the highest net inflow ratio at 24.39%, with a price increase of 38.33% over 6 days [1] Group 3: Additional Notable Stocks - Huicheng Environmental Protection and Xinke Materials both recorded net inflows of 606 million yuan over 7 days, with price increases of 14.40% and 18.70% respectively [1] - Fuling Electric Power has a net inflow of 477 million yuan over 9 days, with a significant price increase of 31.03% [1] - Other notable stocks include Huaguang Huaneng and Wanchen Group, with net inflows of 327 million yuan and 315 million yuan respectively, and price increases of 55.15% and 12.61% [1]

（文章来源：每日经济新闻） 每经AI快讯，8月12日，固态电池概念股探底回升，江特电机午后涨停，利元亨涨超10%，骄成超声、 回天新材、天齐锂业、杉杉股份等涨幅居前。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - In the 31st week of 2025 (July 28 - August 3), domestic passenger car and new energy passenger car sales increased week - on - week. Passenger car retail sales were 465,000 units, a year - on - year increase of 2.8%; new energy passenger car retail sales were 247,000 units, a year - on - year increase of 10.4%, with a penetration rate of 53.1%. Since the beginning of the year, cumulative passenger car retail sales were 12.563 million units, a year - on - year increase of 7.0%; cumulative new energy passenger car retail sales were 6.407 million units, a year - on - year increase of 26.9%, with a cumulative penetration rate of 51.0% [2][110][118]. - The China Passenger Car Association slightly raised the full - year forecast for 2025. It is expected that passenger car retail sales will reach 24.35 million units, a 6% increase, with the forecast volume 300,000 units more than the June forecast; passenger car exports will be 5.46 million units, a 14% increase, with the forecast volume 160,000 units higher than the initial forecast; new energy passenger car wholesale will be 15.48 million units, a 27% increase, with the forecast volume slightly down from the June forecast, and the new energy wholesale penetration rate will reach 56%; automobile wholesale will be 34.04 million units, an 8% increase, with the forecast volume 5 percentage points higher than the initial forecast [2][108][118]. 3. Summary According to the Directory 3.1. Key Target Tracking - The report presents the weekly price changes of relevant sectors and listed companies. For example, among listed companies, Great Wall Motor (601633.SH) had a weekly increase of 3.00%, while BYD (002594.SZ) had a weekly decrease of 1.77% [16]. 3.2. Industrial Chain Data Tracking 3.2.1. China New Energy Vehicle Market Tracking - **Sales and Exports**: Charts show the sales (seasonal), penetration rate, domestic sales (seasonal), exports (seasonal), and sales of EV and PHV in the Chinese new energy vehicle market [17][22][24]. - **Inventory Changes**: Charts display the monthly new inventory of new energy passenger vehicle channels and manufacturers [26]. - **Delivery Volume of New Energy Vehicle Manufacturers**: Charts present the monthly delivery volumes of several new energy vehicle manufacturers such as Leapmotor, Li Auto, XPeng, etc. [29][33][35]. 3.2.2. Global and Overseas New Energy Vehicle Market Tracking - **Global Market**: Charts show the sales (by region), penetration rate, and sales of EV and PHV in the global new energy vehicle market [41][44]. - **European Market**: Charts present the sales, penetration rate, and sales of EV and PHV in the European new energy vehicle market, as well as the sales of EV and PHV in the UK, Germany, and France [46][49][50]. - **North American Market**: Charts show the sales, penetration rate, and sales of EV and PHV in the North American new energy vehicle market [59][60]. - **Other Regions**: Charts display the sales, penetration rate, and sales of EV and PHV in other regions, including Japan, South Korea, and Thailand [62][63][67]. 3.2.3. Power Battery Industry Chain - Charts show the power battery loading volume (by material), export volume (by material), weekly average price of battery cells, cell material cost, and the operating rates and prices of various battery materials such as ternary materials, precursors, lithium iron phosphate, etc. [78][82][83]. 3.2.4. Other Upstream Raw Materials - Charts present the daily prices of rubber, glass, steel, and aluminum [102][104]. 3.3. Hot News Summary 3.3.1. China: Policy Dynamics - The State Administration for Market Regulation plans to build a number of national carbon measurement centers by 2030, with priority given to the carbon measurement needs of key industries such as power batteries [108]. 3.3.2. China: Industry Dynamics - The China Passenger Car Association slightly raised the full - year forecast for 2025, including the increase in passenger car retail, exports, and automobile wholesale, and a slight decrease in new energy passenger car wholesale forecast [108]. - In July, the new energy wholesale sales were 1.18 million units, a year - on - year increase of 25%, and the cumulative wholesale from January to July was 7.63 million units, a year - on - year increase of 35% [109]. - From July 1 - 31, new energy retail sales increased by 14% year - on - year, and the cumulative retail sales since the beginning of the year increased by 30% year - on - year [110]. - From January to June, the domestic charging infrastructure increment was 3.282 million units, a year - on - year increase of 99.2%, and the vehicle - to - charging - pile increment ratio was 1.8:1 [111]. 3.3.3. China: Enterprise Dynamics - Sunwoda plans to list in Hong Kong and build a new production base in Vietnam with a total investment of no more than RMB 2 billion [113]. - Leapmotor's first batch of electric SUVs arrived in Brazil [114]. 3.3.4. Overseas: Policy Dynamics - Russia will allocate 5.7 billion rubles from 2025 - 2027 to develop electric vehicle charging infrastructure, aiming to have 28,000 DC charging stations with an output power over 149kW in operation by 2030 [114]. 3.3.5. Overseas: Industry Dynamics - In the UK, July passenger car sales decreased by 5.0% to 140,000 units, while pure - electric and plug - in hybrid vehicles increased by 9.1% and 33.0% respectively [115]. - In Germany, July passenger car sales increased by 11.1% to 265,000 units, with pure - electric and plug - in hybrid vehicles increasing by 58.0% and 83.6% respectively [116]. - In Brazil, July new car sales increased by 0.8% to 243,000 units, with pure - electric and plug - in hybrid vehicles increasing by 48.2% and 22.3% respectively [116]. 3.4. Industry Views - Similar to the core views, it emphasizes the sales situation in the 31st week of 2025 and the adjustment of the full - year forecast by the China Passenger Car Association [118]. 3.5. Investment Suggestions - The penetration rate of the Chinese new energy vehicle market exceeded 30% in 2023 and 50% since 2024. In 2025, high - competitiveness new car products continue to be launched, and price wars are gradually halted. Overseas, due to strong trade protectionism in Europe and the US, there are risks in exports. Attention should be paid to new growth points such as countries along the Belt and Road and the Middle East. In terms of the competitive landscape, domestic independent brands' market share continues to expand, and attention should be paid to companies with strong product capabilities, smooth overseas expansion, and stable supply [3][119].

Market Overview - The Shanghai Composite Index fell by 0.12% on August 8, with 17 out of the 28 sectors rising, led by the comprehensive and building materials sectors, which increased by 1.56% and 1.16% respectively [1] - The power equipment sector rose by 0.62%, while the computer and electronics sectors experienced declines of 2.38% and 1.15% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 41.085 billion yuan, with 8 sectors seeing net inflows [1] - The power equipment sector had the highest net inflow of 2.024 billion yuan, followed by the public utilities sector with a 0.67% increase and a net inflow of 1.132 billion yuan [1] Power Equipment Sector Performance - In the power equipment sector, 195 out of 359 stocks rose, with 5 hitting the daily limit up, while 157 stocks fell, including 1 hitting the daily limit down [2] - The top three stocks with the highest net inflow in the power equipment sector were Zhongchao Holdings (5.68 billion yuan), Sunshine Power (4.33 billion yuan), and Shanshan Shares (2.87 billion yuan) [2] - The stocks with the highest net outflow included Shanghai Electric (3.99 billion yuan), Wolong Electric Drive (3.93 billion yuan), and Xiangdian Shares (1.18 billion yuan) [2][4] Top Gainers in Power Equipment Sector - The top gainers in the power equipment sector included: - Zhongchao Holdings: +9.96% with a turnover rate of 20.00% and a main capital flow of 567.62 million yuan - Sunshine Power: +9.08% with a turnover rate of 7.49% and a main capital flow of 433.29 million yuan - Shanshan Shares: +6.93% with a turnover rate of 8.23% and a main capital flow of 287.14 million yuan [2] Top Losers in Power Equipment Sector - The top losers in the power equipment sector included: - Shanghai Electric: -1.80% with a turnover rate of 2.66% and a main capital flow of -398.61 million yuan - Wolong Electric Drive: -2.84% with a turnover rate of 7.28% and a main capital flow of -393.35 million yuan - Xiangdian Shares: -3.09% with a turnover rate of 3.03% and a main capital flow of -117.92 million yuan [4]

| 成交量 | 成交金额 | 成交价 | 相对当日收盘折 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 542.70 | 5638.65 | 10.39 | 0.00 | 中国银河证券股份有限公司北 | 中国银河证券股份 | | | | | | 京安贞门证券营业部 | 有限公司总部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 证券时报·数据宝统计显示，杉杉股份今日收盘价为10.39元，上涨0.39%，日换手率为3.27%，成交额为 5.93亿元，全天主力资金净流入890.79万元，近5日该股累计上涨3.38%，近5日资金合计净流入8007.08 万元。 两融数据显示，该股最新融资余额为12.47亿元，近5日增加1.05亿元，增幅为9.24%。（数据宝） 8月7日杉杉股份大宗交易一览 杉杉股份8月7日大宗交易平台出现一笔成交，成交量542.70万股，成交金额5638.65万元，大宗交易成交 价为 ...

Core Viewpoint - The announcement indicates that Ningbo Shanshan Co., Ltd. will undergo a second judicial auction of shares held by its controlling shareholder's action partner, which may impact the shareholding structure but is not expected to change control of the company [2][4]. Group 1: Auction Details - The shares to be auctioned are 29,580,000 limited circulation shares held by Ningbo Yanzhou Jielen Investment Co., Ltd., representing 100% of its holdings and 1.32% of the total share capital of the company [2][3]. - The previous auction attempt on these shares was unsuccessful due to no bids being placed [3]. Group 2: Shareholding Impact - Currently, the controlling shareholder and its action partners hold a total of 592,849,126 shares, accounting for 26.36% of the total share capital. If the auction is fully successful, their holdings will decrease to 563,269,126 shares, or 25.04% of the total [2][4]. - The company anticipates that this change will not lead to a shift in control [2][4]. Group 3: Future Steps - The auction is still in the public announcement phase, with potential future steps including bidding, payment, and transfer of equity, which introduces uncertainty regarding the auction outcome [2][4]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by relevant laws and regulations [2][4].