Core Viewpoint - China Electrical Equipment Group Co., Ltd. is a key state-owned enterprise responsible for domestic power equipment replacement and energy transition, formed through the restructuring of several companies in 2021 [1] Group 1: Company Overview - China Electrical Equipment Group is headquartered in Shanghai and includes seven listed companies, covering the entire industrial chain in the power transmission and distribution equipment sector [1] - The group plays a significant role in national strategic tasks such as the localization of power equipment and the transition to clean and low-carbon energy [1] Group 2: Key Companies - China XD Electric (stock code: 601179) specializes in R&D and manufacturing of high, ultra-high, and extra-high voltage transmission and distribution equipment, being the only domestic company capable of producing complete sets of transmission and transformation equipment [3] - XJ Electric (stock code: 000400) is a leader in extra-high voltage converter valves and DC control protection systems, with a market share exceeding 40% for converter valves and 30-40% for control protection systems [5] - Pinggao Group (stock code: 600312) is a leading enterprise in the extra-high voltage AC switch sector, focusing on the R&D and manufacturing of gas-insulated switchgear (GIS) across voltage levels from 500kV to 1100kV [7] - Baoguang Co., Ltd. (stock code: 600379) is a leading manufacturer of vacuum circuit breakers and has a global market share of 23.5%-32.7% in vacuum interrupters, exporting to over 40 countries [9] - Xihua Institute (stock code: 688334) is the only national third-party testing and certification institution in the high-voltage electrical field, providing unique advantages in technical authority and standard-setting [11] - Baobian Electric (stock code: 600550) specializes in high-voltage, large-capacity transformers, with a strong market presence in the ultra-high voltage and nuclear power sectors [13] - Hongsheng Huayuan (stock code: 601096) focuses on the R&D, production, and sales of transmission line towers, covering all voltage levels including extra-high voltage [14] Group 3: Industry Position and Potential - The seven listed companies under China Electrical Equipment Group are industry leaders, with China XD Electric having the highest market capitalization and revenue [16] - XJ Electric is recognized for its strong supporting capabilities in the power equipment sector, while Pinggao Group is a key player in the high-voltage switch industry [16] - Baobian Electric is one of the largest specialized manufacturers of transmission and transformation equipment in China, indicating a robust industrial cluster with significant growth potential in the context of power grid construction cycles [16]

2026年2月2日，公司新增"股权转让(并购重组)"概念，主要因控股股东变更完成(中国电气装备集团有限 公司成为直接控股股东)。 经济观察网宏盛华源（601096）近期发布2025年业绩预告，预计净利润同比增长51.22%至73.82%，主 要得益于降本增效、国际业务增长及子公司土地收储收益。公司股价在2月2日上涨5.08%，成交活跃， 同时因控股股东变更完成，新增"股权转让(并购重组)"概念。 业绩经营情况 2026年2月2日，宏盛华源股价单日上涨5.08%，收盘报5.58元/股，成交额3.19亿元，换手率3.56%。当日 主力资金呈现活跃态势，且广发基金与华夏基金旗下ETF产品位列十大流通股东，分别持有448.48万股 和581.63万股。 近期事件 2026年1月28日，公司发布2025年年度业绩预告，预计归属于上市公司股东的净利润为3.48亿元至4.00亿 元，同比增长51.22%至73.82%。业绩增长主要源于降本增效带来的毛利率提升、国际业务收入增长及 子公司土地收储收益。 股票近期走势 以上内容基于公开资料整理，不构成投资建议。 ...

Key Highlights - Dongfang Guoxin's Inner Mongolia Intelligent Computing Center project has been partially completed and delivered to customers [1] - Dawi Technology's rental service business has a minimal impact on the company's performance [1] - Jin Haitong plans to invest no more than 400 million yuan in the construction of the Shanghai Lanbo Semiconductor Equipment Manufacturing Center [1] - Hongsheng Huayuan is expected to win a bid for approximately 621 million yuan for a Southern Power Grid project [1] - Dongwang Times intends to acquire 51% of Zhejiang Keguan Polymer Co., Ltd. for 194 million yuan [1] - State Grid Information Communication's net profit for 2025 is projected to be 678 million yuan, a year-on-year decrease of 16.91% [1] - Quzhou Dongfeng plans to repurchase shares worth between 50 million to 100 million yuan [1] - Jieshun Technology's actual controller Liu Cuiying plans to reduce her stake by no more than 2.8% [1] - Pingzhi Information intends to raise no more than 1 billion yuan through a private placement for the construction of a domestic intelligent computing center [1] - Longci Technology plans to raise no more than 760 million yuan for a chip inductor manufacturing project [1] Project Investments - Shoulu Hotel plans to invest 281 million yuan in a new hotel property project [1] - Jin Haitong intends to invest no more than 400 million yuan in the Shanghai Lanbo Semiconductor Equipment Manufacturing Center [1] Contract Awards - Teruid's expected bid for a Southern Power Grid project is valued at 170 million yuan [1] - Tongda Co., Ltd. is expected to win a bid for a Southern Power Grid project worth 120 million yuan [1] - Hongsheng Huayuan is expected to win a bid for approximately 621 million yuan for a Southern Power Grid project [1] - Roman Co., Ltd. is part of a consortium that won a bid for a 50MW distributed wind power project [1] Performance Reports - Jingchen Co., Ltd. reported a net profit of 871 million yuan for 2025 [1] - Daotong Technology reported a net profit of 935 million yuan for 2025, a year-on-year increase of 45.89% [1] - State Grid Information Communication's net profit for 2025 is projected to be 678 million yuan, a year-on-year decrease of 16.91% [1] Equity Transfers - Huibo Yuntong plans to transfer 25.5% of its stake in Huibo Yuannian to its controlling shareholder [2] - Dongwang Times intends to acquire 51% of Zhejiang Keguan Polymer Co., Ltd. for 194 million yuan [3] - Xinxin Co., Ltd. plans to use no more than 700 million yuan to acquire 70% of Huilian Electronics [3] Share Buybacks - Quzhou Dongfeng plans to repurchase shares worth between 50 million to 100 million yuan [1] - Other companies are also engaging in share buybacks, including Huibo Yuntong and Jieshun Technology [3] Other Fundraising Activities - Guangji Pharmaceutical plans to raise no more than 600 million yuan through a private placement [3] - Pingzhi Information intends to raise no more than 1 billion yuan for the construction of a domestic intelligent computing center [3] - Jiangtong Equipment plans to raise no more than 1.882 billion yuan for the acquisition of Jiangying Company [3] - Longci Technology plans to raise no more than 760 million yuan for a chip inductor manufacturing project [3] - Unisplendour plans to raise no more than 5.57 billion yuan for the acquisition of a 6.98% stake in Xinhua San [3]

Group 1: Major Announcements - Unisplendour plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in New H3C and for other projects [2] - Zhongwei Semiconductor intends to establish an IPM production line project in Ziyang, Sichuan, using 1.21 billion yuan of leftover IPO funds [2] - Kaiying Network has signed a settlement agreement with Legend IP, which is expected to positively impact the company's profit by approximately 200 million yuan [2] Group 2: Project Developments - Blue Ocean Huaten plans to invest 8 million yuan in Wanren Technology to support its daily operations and AI project development [4] - Yuedian Power A has successfully put into operation the expansion project of the Huizhou Power Plant, which includes two 1000MW units [7] - Longmag Technology intends to raise up to 760 million yuan for its second phase project in Vietnam and chip inductor manufacturing [8] Group 3: Financial Performance - Top Group expects a net profit of 2.6 billion to 2.9 billion yuan for 2025, a decrease of 3.35% to 13.35% year-on-year due to rising raw material costs and increased market competition [20] - Jingchen Technology reported a net profit of 871 million yuan for 2025, a 6% increase year-on-year, with record high sales of over 174 million chips [21] - Guodian Xintong's net profit for 2025 is projected at 678 million yuan, a decline of 16.91% year-on-year, primarily due to increased credit impairment losses and tax expenses [22] Group 4: Shareholder Actions - Jieshun Technology's actual controller plans to reduce holdings by up to 2.8% of the company's shares [27] - Lihexing's controlling shareholder and concerted actors plan to collectively reduce their holdings by up to 1% [27] - Kory Technology's shareholders plan to reduce their holdings by a total of up to 3.13% [29] Group 5: Stock Buybacks - Quzhou Dongfeng plans to repurchase shares worth between 50 million and 100 million yuan, with a maximum price of 6.48 yuan per share [30]

Group 1 - The core announcement indicates that Hongsheng Huayuan's subsidiary has been pre-awarded a bid for various steel structures and towers in the Southern Power Grid Company's 2025 main network line materials second batch framework bidding project [2] - The total pre-awarded amount for the projects is approximately 621 million yuan, which accounts for about 6.12% of Hongsheng Huayuan's audited operating income for 2024 [2]

证券代码：601096 证券简称：宏盛华源 公告编号：2026-010 宏盛华源铁塔集团股份有限公司 关于南方电网项目预中标的提示性公告 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: 该项目目前处于评标结果公示阶段，公司尚未收到中标通知书， 敬请广大投资者谨慎决策，注意投资风险。 2026 年 2 月 10 日，中国南方电网有限责任公司在其供应链统一服务 平台（www.bidding.csg.cn）公布了《南方电网公司 2025 年主网线路材料 第二批框架招标项目中标候选人公示》。 上述项目中标后，其合同的签订和履行对公司经营业绩具有积极影 响，项目的中标不影响公司业务的独立性，不会因履约合同而对合同对 方形成依赖。 三、风险提示 截至本公告披露日，上述项目处于评标结果公示阶段，公司尚未收 到中标通知书，最终能否形成实际订单并完成交货，存在一定的不确定 性；上述项目如发生重大变化，公司将及时履行披露义务；相关履约条 款以签订的正式合同为准，敬请广大投资者谨慎决策，注意投资风险。 上述相关项目预中标金额约 ...

证券代码：601096 证券简称：宏盛华源 公告编号：2026-009 投资金额：不超过人民币 31,000.00 万元 已履行的审议程序：宏盛华源铁塔集团股份有限公司（以下简 称"公司"）于 2026 年 2 月 5 日召开第二届董事会第十八次会议，审 议通过了《关于使用部分闲置募集资金进行现金管理的议案》，拟继 续使用部分闲置募集资金进行现金管理,期限自上一次授权期限到期 日（2026 年 4 月 9 日）后的 12 个月内有效。保荐人对该事项出具了 无异议的核查意见，该事项无需提交公司股东会审议。 特别风险提示：公司使用暂时闲置募集资金进行现金管理选择 安全性高、流动性好的保本型理财产品，总体风险可控，但金融市场 受宏观经济的影响较大，公司将根据经济形势以及金融市场的变化适 时适量地介入，不排除该项投资的预期收益受到市场波动的影响，敬 请投资者注意投资风险。 一、投资情况概述 （一）投资目的 为提高募集资金的使用效率和资金效益，公司在确保不影响募集 资金投资项目建设和募集资金使用的情况下，使用部分暂时闲置募集 1 资金购买单位大额存单，提高募集资金的使用效率，增加公司收益， 保证股东利益最大化。 宏盛华 ...

Core Viewpoint - Hongsheng Huayuan (601096.SH) has emerged as a candidate for two major procurement projects from the State Grid, with a total pre-bid amount of 835 million yuan, representing approximately 8.23% of the company's audited revenue for 2024 [1][5]. Group 1: Company Overview - Hongsheng Huayuan, established in 1985, is a core listed enterprise based in Jinan, Shandong Province, and is a subsidiary of Shandong Electric Power Group Co., Ltd. with a registered capital of 2.006 billion yuan [3][7]. - The company specializes in the research, manufacturing, and sales of a full range of transmission line towers, communication towers, and steel components, while also engaging in galvanization, tower maintenance, and power engineering contracting [3][7]. Group 2: Recent Developments - The pre-bid projects involve 29 packages covering key procurement areas of the State Grid, including ultra-high voltage and core materials for power transmission and transformation [1][5]. - The company has indicated that the projects are still in the evaluation stage, and there is uncertainty regarding the finalization of actual orders and delivery [5]. Group 3: Financial Performance - Hongsheng Huayuan has released a profit forecast for 2025, expecting a significant increase in net profit to be between 348 million and 400 million yuan, an increase of 118 million to 170 million yuan compared to the previous year, representing a year-on-year growth of 51.22% to 73.82% [3][8]. - The company reported a revenue of 10.139 billion yuan in 2024, a year-on-year increase of 9.07%, with a net profit of 230 million yuan, reflecting a substantial year-on-year growth of 85.52% [4][8]. - In the first three quarters of 2025, the company maintained a positive growth trend, achieving a revenue of 7.343 billion yuan, a slight year-on-year decrease of 3.1%, while net profit increased by 58.54% to 283 million yuan [4][8].

Group 1 - Jinwei Co., Ltd. plans to acquire 100% equity of Fusheng Mining for 210 million yuan, which will become a wholly-owned subsidiary and included in the consolidated financial statements [2] - Mengguli intends to invest 929 million yuan to build a project with an annual production capacity of 30,000 tons of lithium-ion battery cathode materials, expected to produce 5,000 tons of high-voltage cobalt acid lithium, 10,000 tons of NCA materials, and 15,000 tons of ultra-high nickel ternary materials [2] - Xiamen Tungsten plans to acquire 39% equity of Jiujiang Dadi Mining, which will help increase mineral resource reserves and improve raw material self-sufficiency [3] Group 2 - Andavil's subsidiary received EASA certification for its aviation kitchen plug-in products, marking compliance with European aviation safety standards [2] - CIMC Vehicles disclosed that the US ITC made a preliminary ruling on anti-subsidy and anti-dumping investigations regarding Van-Type Trailers, indicating potential damage to the US domestic industry [4] - Source Technology plans to invest approximately 1.251 billion yuan to build a second phase project for the R&D and production of optoelectronic communication semiconductor chips and devices [9] Group 3 - Zhongmin Energy intends to acquire 51% equity of Mintou Pumped Storage for 864 million yuan, with the transaction price based on asset evaluation [10] - Ningbo Yunsheng plans to publicly issue H-shares and apply for listing on the Hong Kong Stock Exchange [11] - Wenkai Co., Ltd. won a bid for a landscape project worth 50.8162 million yuan [12] Group 4 - China Merchants Shekou achieved a signed sales amount of 7.674 billion yuan in January 2026 [16] - AVIC Optoelectronics reported a net profit of 2.124 billion yuan for 2025, a year-on-year decrease of 36.69% [17] - Tiankang Bio reported a sales revenue of 392 million yuan from pig sales in January 2026, with a month-on-month increase of 6.23% [18] Group 5 - Poly Developments reported a signed amount of 15.617 billion yuan in January 2026, a year-on-year decrease of 13.31% [19] - Chengtou Holdings reported a net profit of 290 million yuan for 2025, a year-on-year increase of 19.67% [20] - Qianjin Pharmaceutical reported a net profit of 288 million yuan for 2025, a year-on-year increase of 24.74% [21]

Core Viewpoint - Hongsheng Huayuan (601096.SH) announced that its subsidiary has been pre-awarded 29 bid packages from the State Grid, with a total pre-awarded amount of approximately 835 million yuan, which accounts for about 8.23% of the company's audited revenue for 2024 [1] Group 1 - The company’s subsidiary is set to receive a significant contract from the State Grid [1] - The pre-awarded amount of 835 million yuan is a notable contribution to the company's projected revenue [1] - This contract represents a strategic opportunity for the company to enhance its revenue stream in the upcoming fiscal year [1]