Group 1 - The robotics sector experienced a rapid surge, with Fenglong Co., Ltd. achieving an 11-day consecutive increase in stock price [1] - Haozhi Electromechanical saw a rise of over 13% in its stock value [1] - Other companies such as Wanxiang Qianchao, Tianqi Co., Sanhua Intelligent Control, Zhejiang Rongtai, and Wuzhou New Spring also experienced stock price increases [1]

Group 1 - The humanoid robot concept has seen a rapid surge in interest, leading to significant stock price increases for several companies in the sector [1] - Haoshi Electromechanical (300503) experienced a nearly 10% increase in stock price [1] - Fenglong Co., Ltd. (002931) achieved an 11-day consecutive increase in stock price [1] Group 2 - Other companies that followed the upward trend include Tianqi Co., Ltd. (002009), Sanhua Intelligent Control (002050), Zhejiang Rongtai (603119), Wuzhou New Spring (603667), Zhaowei Electromechanical (003021), Wanxiang Qianchao (000559), Buke Co., Ltd., and Top Group (601689) [1]

浙江荣泰电工器材股份有限公司 2026 年第一次临时股东会会议资料 浙江荣泰电工器材股份有限公司 2026 年第一次临时股东会会议资料 浙江荣泰电工器材股份有限公司 2026 年第一次临时股东会会议资料 浙江 嘉兴 二〇二六年一月十五日 1 浙江荣泰电工器材股份有限公司 2026 年第一次临时股东会会议资料 目 录 浙江荣泰电工器材股份有限公司2026年第一次临时股东会会议须知……………………4 浙江荣泰电工器材股份有限公司2026年第一次临时股东会会议议程…………………….6 审议议案： 议案一：关于公司申请首次公开发行境外上市外资股（H股）股票并在香港联合交易所 有限公司主板上市的议案……………………………………………………………….…..7 议案二：关于公司申请首次公开发行境外上市外资股（H股）股票并在香港联合交易所 有限公司主板上市方案的议案……………………………………………………………...8 议案三：关于公司转为境外募集股份并上市的股份有限公司的议案……………….…..13 议案四：关于公司申请首次公开发行境外上市外资股（H股）股票并上市决议有效期的 议案……………………………………………………… ...

Core Viewpoint - The announcement details a share reduction plan by major shareholders and executives of Zhejiang Rongtai Electric Equipment Co., Ltd. due to personal financial needs, which will not affect the company's governance structure or ongoing operations [2][11]. Shareholder and Executive Holdings - As of the announcement date, shareholder Zheng Minmin holds 5,666,496 shares (1.56% of total shares), and shareholder Dai Dongya holds 5,200,000 shares (1.43% of total shares) [2]. Reduction Plan Details - Zheng Minmin and Dai Dongya plan to reduce their holdings from January 29, 2026, to April 28, 2026, with Zheng Minmin reducing up to 1,416,624 shares (0.3895% of total shares) and Dai Dongya reducing up to 1,300,000 shares (0.3574% of total shares) [2][11]. - The reduction will be executed through centralized bidding or block trading, with each shareholder limiting their reduction to no more than 25% of their total holdings [2][11]. Lock-up Commitments - Zheng Minmin and Dai Dongya have made commitments regarding their shareholdings, including a 12-month lock-up period post-IPO and a 36-month lock-up for certain indirect holdings [4][6]. - After the lock-up period, they will adhere to a maximum annual reduction of 25% of their total holdings and will not transfer shares within six months of leaving their positions [4][6]. Compliance with Regulations - The reduction plan complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shanghai Stock Exchange rules [12]. - The company will fulfill its information disclosure obligations in accordance with legal requirements during the reduction process [12].

Core Viewpoint - Zhejiang Rongtai Electric Equipment Co., Ltd. announced that shareholders Zheng Minmin and Dai Dongya plan to reduce their holdings due to personal financial needs, with specific timelines and limits on the number of shares to be sold [1] Group 1: Shareholder Information - Zheng Minmin holds 5,666,496 shares, representing 1.56% of the total share capital [1] - Dai Dongya holds 5,200,000 shares, representing 1.43% of the total share capital [1] Group 2: Reduction Plan - Zheng Minmin intends to reduce holdings by up to 1,416,624 shares (0.3895% of total share capital) from January 29, 2026, to April 28, 2026 [1] - Dai Dongya plans to reduce holdings by up to 1,300,000 shares (0.3574% of total share capital) during the same period [1] - Both shareholders will not reduce more than 25% of their respective total shareholdings [1]

证券代码：603119 证券简称：浙江荣泰 公告编号：2026-002 浙江荣泰电工器材股份有限公司 股东及董事高管减持股份计划公告 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。 二、减持计划的主要内容 重要内容提示： 股东及董事高管持股的基本情况：截至本公告披露日，公司股东董事及 高级管理人员郑敏敏、股东戴冬雅分别持有浙江荣泰电工器材股份有限公司（以 下简称"公司"）5,666,496 股、5,200,000 股，分别占公司总股本的 1.56%、1.43%。 减持计划的主要内容：郑敏敏、戴冬雅因个人资金需求，拟从 2026 年 1 月 29 日至 2026 年 4 月 28 日期间，分别通过集中竞价或大宗交易方式减持不超 过 1,416,624 股（即不超过总股本的 0.3895%）、1,300,000 股（即不超过总股本的 0.3574%），郑敏敏和戴冬雅减持数量不超过各自所持公司股份总数的 25%。自 本减持计划公告之日起至减持计划实施完毕前，公司若发生送红股、资本公积金 转增股本等股本变动事项，上述主体减持 ...

Group 1 - The core point of the announcement is that shareholders Zheng Minmin and Dai Dongya plan to reduce their holdings due to personal funding needs [1] - Zheng Minmin intends to sell up to 1.4166 million shares, representing no more than 0.3895% of the total share capital [1] - Dai Dongya plans to sell up to 1.3 million shares, which accounts for no more than 0.3574% of the total share capital [1] - Both shareholders will not reduce their holdings by more than 25% of their respective total shares held [1]

Investment Overview - Zhejiang Rongtai Electric Equipment Co., Ltd. approved the use of up to RMB 520 million of temporarily idle raised funds for cash management, ensuring the safety of the funds and not affecting the normal investment plans and operations of the company [2]. Progress Update - The company redeemed a structured deposit product purchased from Bank of Communications, with a total amount of RMB 20 million, which matured on October 17, 2025, returning the principal of RMB 20 million and generating a profit of RMB 68,000 [3].

Summary of Key Points Core Viewpoint The Hong Kong IPO market saw significant activity in the past week, with 29 companies submitting listing applications, highlighting a robust interest in public offerings despite varying performance metrics among the companies involved [3][4]. Group 1: IPO Applications and Hearings - A total of 29 companies submitted IPO applications during the week of December 29, 2025, to January 4, 2026, including notable firms like BlueFocus (蓝色光标) and Stone Technology (石头科技) [3][4]. - Only one company, Longqi Technology (龙旗科技), successfully passed the Hong Kong Stock Exchange hearing [3][4]. - Ten companies initiated their IPO processes, including Jinxun Resources (金浔资源) and Ruibo Biotechnology (瑞博生物) [3][4]. Group 2: Companies Successfully Listed - Seven companies officially listed on the Hong Kong Stock Exchange, including Woan Robotics (卧安机器人) and Linqingxuan (林清轩) [3][4]. - Linqingxuan's stock opened at HKD 85, reflecting a 9.3% increase on its first trading day [22]. - Woan Robotics opened at HKD 73.8 and closed at HKD 73.85, showing slight movement on its debut [20]. Group 3: Company Performance Metrics - Tianjiu Qifu (天九企服) reported a revenue of RMB 725 million for the first half of 2025, a decrease of 37.9% year-on-year, while net profit surged by 241.3% to RMB 2.508 billion [10]. - Stone Technology (石头科技) achieved a revenue of RMB 12.055 billion for the first nine months of 2025, marking a 72.3% increase, although net profit fell by 29.5% to RMB 1.038 billion [11]. - Longqi Technology (龙旗科技) recorded a revenue of RMB 31.332 billion for the first nine months of 2025, down 10.3%, with a net profit of RMB 507 million, up 17.7% [12]. Group 4: Upcoming IPOs and Market Activity - Red Star Cold Chain (红星冷链) initiated its IPO process on December 31, 2025, planning to issue 23.263 million shares at an expected price of HKD 12.26 per share [13][14]. - Zhaoyi Innovation (兆易创新) also started its IPO on December 31, 2025, with plans to issue 28.916 million shares at a price range of HKD 132-162 [17][18]. - A-share companies like Zhejiang Rongtai (浙江荣泰) and Juchen Co. (聚辰股份) announced preparations for their IPOs in Hong Kong [22].

Core Insights - The report emphasizes a positive outlook for the mechanical industry in 2026, driven by structural transformation and a rebound in external demand [3][4] - The report introduces a "risk排雷" manual to proactively identify potential market misjudgments and challenges within various sectors [3][4] Industry Overview - The mechanical industry is expected to experience a cyclical reversal, with growth in engineering machinery, industrial gases, shipbuilding, photovoltaic equipment, and lithium battery equipment [6][8] - Key assumptions include continued government support for emerging technology industries and a stable macroeconomic recovery [11][16] Engineering Machinery - The engineering machinery sector is witnessing a cyclical upturn, with increased overseas market share and a gradual domestic renewal cycle [17] - Key growth drivers include global market expansion, improved domestic demand due to favorable macro policies, and a stabilizing domestic infrastructure and real estate market [17] Shipbuilding - The shipbuilding industry is on an upward trend, with demand supported by a variety of vessel types and improving profitability for shipyards [19] - The sector is expected to benefit from supply constraints driving up ship prices and a focus on high-end, large-scale, dual-fuel vessels [20] Export Chain - The export chain is optimistic about demand recovery, particularly in the U.S. market, with a focus on strategic exports and emerging markets [22] - Key assumptions include a favorable trade environment and ongoing industrial shifts towards resource-rich countries [22] Industrial Gases - The industrial gases sector is viewed positively, with expectations of volume and price increases leading to improved valuations [27] - The report highlights the importance of leading companies in the sector and recommends focusing on those with operational highlights in niche markets [30] Lithium Battery Equipment - The lithium battery equipment sector is expected to emerge from a downturn, with solid-state battery technology creating significant market opportunities [51] - The report anticipates a substantial increase in market size, projecting a growth from 2.06 billion in 2025 to 33.62 billion by 2030 [51] Wind Power Equipment - The wind power industry is projected to maintain high growth, particularly in offshore wind projects, with significant investments expected [63] - The report recommends focusing on leading manufacturers and components that support the offshore wind market [64] Testing and Inspection - The testing and inspection sector is expected to see upward momentum, driven by increasing demand and a trend towards consolidation among leading firms [71] - The report emphasizes the importance of focusing on emerging fields and the long-term growth potential of comprehensive testing companies [71] Rail Transit Equipment - The rail transit equipment sector is expected to benefit from steady investment in fixed assets and high demand for passenger and freight transport [75] - The report highlights the potential for continued growth in the high-speed train sector and recommends key players in the industry [76] Oil Service Equipment - The oil service equipment sector is anticipated to thrive due to sustained demand driven by oil prices and energy security concerns [79] - The report suggests focusing on companies with strong technical barriers and those benefiting from domestic and international market opportunities [80]