Core Insights - Wind energy stands out among renewable energy sources due to its economic viability, rapid development, and strong commercialization potential [1][4] - The demand for wind energy cables is increasing significantly due to advancements in wind power technology, making it a rising star in the cable industry [1][6] - The market size of China's wind energy cable industry is projected to reach 47.4 billion yuan in 2024, representing a year-on-year increase of 41.0% [1][7] - The growth of the wind power sector is expected to drive further investments in offshore wind power, leading to increased demand for wind energy cables [1][7] Wind Energy Cable Industry Overview - Wind energy cables are designed for the unique environments of wind power generation systems, featuring high-pressure current capacity, high-temperature resistance, and durability against environmental factors [3][6] - The cables are categorized into onshore and offshore types, with specific requirements for each based on their application [3][6] Industry Development Background - The Chinese government has prioritized the development of renewable energy, particularly in wind energy, as outlined in various policy documents [4][5] - The increasing demand for wind energy cables is driven by the growth of wind power projects and advancements in technology [4][5] Industry Chain - The wind energy cable industry consists of upstream raw materials (copper, aluminum, polyethylene, PVC), midstream manufacturing, and downstream wind power applications [5][6] Current Industry Status - The cumulative installed capacity of wind power in China reached 580 million kilowatts by September 2025, with a year-on-year growth of 21.3% [6] - Wind energy cables play a crucial role in connecting various components of wind power systems and transmitting generated electricity to the grid [6][7] Competitive Landscape - The wind energy cable market has traditionally been dominated by established companies from Europe, the US, Japan, and South Korea, but Chinese companies are rapidly gaining market share [7][8] - Key domestic players include Zhongtian Technology, Hengtong Optic-Electric, and Oriental Cable, with notable advancements in technology and market presence [7][8] Industry Development Trends - The wind energy cable industry is expected to evolve towards higher performance, efficiency, and smart technology applications [11][12] - The market size is anticipated to continue growing rapidly due to increasing global emphasis on renewable energy and offshore wind power development [11][12] - Companies are likely to expand into overseas markets, leveraging technological advancements and addressing global demand gaps [12]

Core Insights - As of November 26, a total of 138 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stocks with the longest streak of net buying are Beijing-Shanghai High-Speed Railway and Aokema, both achieving net buying for 12 consecutive trading days [1] - Other notable stocks with significant net buying days include Zhenjiang Co., Yuanfei Pet, New Fengguang, Baosheng Co., Parker New Materials, Phoenix Media, Hangxiao Steel Structure, and Zhongyuan Expressway [1]

Group 1 - The company, Baosheng Technology Innovation Co., Ltd., has announced a postponement of the board of directors' re-election scheduled for November 26, 2025, to ensure continuity and stability in corporate governance [1][2] - The terms of the current board of directors, specialized committees, and senior management will be extended accordingly until the new board is elected [1] - The postponement of the board re-election will not affect the normal operations of the company, and the company will expedite the election process and fulfill its information disclosure obligations in a timely manner [1]

Group 1 - The company announced that the term of the eighth board of directors will expire on November 26, 2025, and the board's re-election will be postponed to ensure governance continuity and stability [1] - The terms of the company's board of directors, various specialized committees, and senior management will be extended accordingly [1]

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个别及连带责任。 宝胜科技创新股份有限公司（以下简称"公司"）第八届董事会将于 2025 年 11 月 26 日任期届满，鉴于董事会换届工作尚在筹备中，为保证公司治理的连 续性及稳定性，公司董事会将延期换届。公司董事会、董事会各专门委员会、高 级管理人员的任期亦相应顺延。 在新一届董事会换届选举工作完成前，公司第八届董事会全体董事及各专门 委员会委员、高级管理人员将依照法律、法规和公司章程的相关规定继续履行相 应职责。 本次延期换届不会影响公司的正常经营。公司将尽快推进董事会的换届选举 工作并及时履行信息披露义务。 特此公告。 宝胜科技创新股份有限公司董事会 证券代码：600973 证券简称：宝胜股份 公告编号：2025-044 宝胜科技创新股份有限公司 关于董事会延期换届的公告 2025 年 11 月 26 日 ...

证券代码：600973 证券简称：宝胜股份 公告编号：2025-043 关于召开 2025 年半年度暨第三季度业绩说明会 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个别及连带责任。 重要内容提示： 宝胜科技创新股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年上 半年度经营成果、财务状况，公司计划于 2025 年 11 月 24 日 （星期一） 09:00-10:00 举行 2025 年半年度暨第三季度业绩说明会，就投资者关心的问题 进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 会议召开时间：2025 年 11 月 24 日 （星期一） 09:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sse ...

Core Viewpoint - The China Securities 2000 ETF managed by Huaxia Fund has experienced a decline of 1.12% as of the midday close on November 12, with a trading volume of 11.11 million yuan [1] Group 1: ETF Performance - The China Securities 2000 ETF (562660) closed at 1.673 yuan, down 1.12% [1] - Since its inception on September 6, 2023, the fund has achieved a return of 68.85%, with a monthly return of 4.43% [1] Group 2: Major Holdings Performance - Major holdings in the ETF include Tian'ao Electronics, which fell by 1.23%, and Guoen Co., which dropped by 4.47% [1] - Other notable declines include Asia-Pacific Shares down 2.36%, Baosheng Shares down 3.07%, and Green Power down 0.13% [1] - The largest decline was seen in Jieput, which fell by 6.34%, while Daon Shares decreased by 2.51% [1]

Investment Rating - The report maintains an "Overweight" rating for the defense and military industry, indicating a positive outlook for the sector compared to the overall market performance [3][25]. Core Insights - The military industry is expected to enter an upward cycle as per the "14th Five-Year Plan" recommendations, with overall performance showing signs of recovery in Q4, leading to anticipated positive year-on-year growth [3][4]. - The report highlights that military trade is experiencing a significant demand surge due to increasing global geopolitical uncertainties, which is expected to create a new market landscape for international military trade [3][4]. - The report suggests increasing attention to the military sector, particularly focusing on next-generation equipment, unmanned/anti-unmanned weapons, and information/intelligent systems as key areas for investment [3][4]. Market Review - Last week, the Shenwan Defense and Military Index fell by 0.47%, while the overall market indices, including the Shanghai Composite Index, rose by 1.08% [4][11]. - The report notes that the defense and military sector's performance ranked 25th among 31 first-level industries, indicating underperformance relative to the broader market [4][11]. - The top five performing stocks in the defense sector last week included Aerospace Intelligent Equipment (up 25.45%), Triangle Defense (up 25.28%), and others, while the bottom five included Hangxin Technology (down 17.20%) and others [11][12]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 78.66, placing it in the upper range historically, indicating a relatively high valuation compared to past performance [12][13]. - The report emphasizes that the aerospace and aviation equipment sectors are also experiencing elevated PE valuations, suggesting a strong market position [12][13]. Key Investment Targets - The report identifies key investment targets within the military sector, including high-end combat capabilities and new quality combat capabilities, with specific companies highlighted for their growth potential [3][4].

证券代码：600973 证券简称：宝胜股份 公告编号：2025-042 宝胜科技创新股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 1、 议案名称：关于取消监事会并修订《公司章程》及其附件的议案 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 11 月 10 日 (二)股东大会召开的地点：江苏省宝应县苏中路 1 号公司办公楼 1 号会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 285 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 539,180,067 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 39.3169 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本次股东大会采取现场投票和网络投票相结合的方式表决，会议由公 ...

江苏泰和律师事务所 关于宝胜科技创新股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：宝胜科技创新股份有限公司 泰和律师事务所 宝胜股份 2025 年第二次临时股东大会法律意见书 泰和律师事务所 宝胜股份 2025 年第二次临时股东大会法律意见书 江苏泰和律师事务所 关于宝胜科技创新股份有限公司 2025 年第二次临时股东大 会的 法律意见书 经本所律师查验，公司董事会已于本次股东大会召开 15 日以前以公告方式 通知公司股东，公司董事会已在公告中列明了本次股东大会讨论事项，并按《公 司法》《股东会规则》和《公司章程》的有关规定对本次股东大会所有提案的内 容进行了充分披露；本次股东大会的召开时间、地点与股东大会通知的内容一致。 根据《中华人民共和国证券法》《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证券监督管理委员会《上市公司股东会规则》（以下简称"《股 东会规则》"）等法律、法规、规范性文件和《宝胜科技创新股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，江苏泰和律师事务所（以下简称"本 所"）接受宝胜科技创新股份有限公司（以下简称"公司"）的委托，指派颜爱中 律师和李 ...