New Stock Offerings - The offer period for the acquisition of Shangwei New Materials (688585) is from September 29, 2025, to October 28, 2025[1] - The latest announcements for various stocks include BoRui Pharmaceutical (688166) and Nanxin Pharmaceutical (688189) on October 10, 2025[1] - Significant abnormal fluctuations were reported for Nanxin Pharmaceutical (688189) on October 10, 2025[1] Trading Alerts - A total of 30 stocks have trading alerts issued on October 20, 2025, including Anlikang (002940) and ST Baoying (002047)[1] - The trading alerts cover various sectors, indicating potential volatility in the market[1] - The latest announcements for stocks such as YD Holdings (000626) and ST Nanzhi (002305) were made on October 20, 2025[1]

Group 1 - The stock of *ST Muban (603398) closed at 7.64 yuan on October 17, 2025, with an increase of 4.95% and a turnover rate of 6.35% [1] - The main capital inflow on October 17 was 8.5689 million yuan, accounting for 4.11% of the total transaction amount [1][3] - Retail investors experienced a net outflow of 7.9113 million yuan, representing 3.8% of the total transaction amount [1] Group 2 - *ST Muban has been placed under delisting risk warning due to a negative net profit for the year 2024 and revenue below 300 million yuan [2][3] - The company is at risk of termination of listing if the revenue for 2025 remains below 300 million yuan and either total profit or net profit is negative [2] - The company has been under investigation by the China Securities Regulatory Commission (CSRC) for suspected false disclosure of financial data, with the actual controller being investigated for undisclosed non-operating fund transactions [2]

Investment Rating - The industry investment rating is "Overweight" [2][45] Core Viewpoints - As of October 16, 2025, the power equipment industry has seen a decline of 2.84% over the past two weeks, underperforming the CSI 300 index by 2.36 percentage points, ranking 26th among 31 industries [4][11] - The cumulative installed capacity of new energy storage in China is expected to reach over 180GW by 2027 and 300GW by 2030, with the industry chain and supply chain output value projected to reach 2-3 trillion yuan by 2030 [34][39] - The global energy storage market is anticipated to maintain strong growth, with a cumulative installed capacity of approximately 730GW/1950GWh by the end of 2030 [34][39] Summary by Sections Market Review - The power equipment sector has increased by 39.62% year-to-date, outperforming the CSI 300 index by 22.25 percentage points, ranking 4th among 31 industries [4][11] - The wind power equipment sector increased by 0.07%, the photovoltaic equipment sector by 1.14%, and the grid equipment sector by 5.76% in the last two weeks [16][17] Valuation and Industry Data - As of October 16, 2025, the price-to-earnings (PE) ratio for the power equipment sector is 34.67 times, with sub-sectors showing varying PE ratios: electric motors at 62.87 times, photovoltaic equipment at 26.89 times, and battery sector at 35.51 times [22][23] Industry News - In the first nine months of 2025, China's new energy storage overseas orders totaled 214.7GWh, a year-on-year increase of 131.75%, with over 30GWh in September alone [34][39] - The National Energy Administration has emphasized the importance of user-side network security management to prevent power outages caused by user-side issues [34][35] Company Announcements - Several companies reported significant changes in net profit for the first three quarters of 2025, with notable increases for companies like Jinko Technology and Tongda Co., while others like Shida Shenghua reported substantial losses [36][37] Weekly Perspective on Power Equipment Sector - The report suggests focusing on leading storage companies benefiting from the booming storage industry, emphasizing technological and scale advantages [39][40]

Core Points - *ST Muban (603398) experienced a closing price of 7.28 yuan on October 16, 2025, marking a decline of 4.96% with a turnover rate of 7.26% and a trading volume of 315,000 shares, resulting in a transaction value of 232 million yuan [1] - The stock was listed on the "Dragon and Tiger List" due to a cumulative price drop deviation of 12% over three consecutive trading days, marking its second appearance on the list within five days [2] - The company announced that it has been under trading risk warning due to a negative net profit for 2024 and revenue below 300 million yuan, with a potential delisting if similar conditions persist in 2025 [3][4] Trading Information Summary - On October 16, 2025, the net outflow of main funds was 21.08 million yuan, accounting for 9.08% of the total transaction value, while retail investors saw a net inflow of 17.33 million yuan, representing 7.47% of the total [1][4] Company Announcement Summary - The company confirmed that aside from disclosed information, there are no undisclosed significant matters following inquiries with its controlling shareholder and actual controller [3] - The company and its actual controller are under investigation by the China Securities Regulatory Commission (CSRC) for suspected false disclosures of financial data and undisclosed non-operating fund transactions, with no conclusion reached as of the announcement date [3][4]

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-122 江西沐邦高科股份有限公司（以下简称"公司"）A 股股票连续三个交 易日收盘价格跌幅偏离值累计达到 12%，根据《上海证券交易所交易规则》的有 关规定，属于股票交易异常波动的情形。 经公司自查，并书面征询公司控股股东、实际控制人，除已披露信息外， 截至本公告披露日，不存在应披露而未披露的重大信息。 公司存在终止上市风险：因 2024 年度净利润为负，且扣除与主营业务无 关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，公司股票于 2025 年 5 月 6 日被上海证券交易所实施退市风险警示。根据《上海证券交易所 股票上市规则》第 9.3.7 条等相关规定，如公司 2025 年度营业收入低于 3 亿元且 利润总额、扣非前后净利润三者孰低者为负值，或者公司 2025 年度内部控制被 出具无法表示意见或否定意见的审计报告，公司股票将在 2025 年年报披露后终 止上市。 公司已被立案调查：公司于 2025 年 7 月 25 日收到中国证券监督管理委 员会（以下简称"中国证监会"）《立案告知书》（编号：证监立案字 025202500 ...

Group 1 - A-shares saw a total of 82 stocks hitting the daily limit up and 7 stocks hitting the limit down on October 15 [1] - The automotive sector was active, with Zhongtong Bus and Haima Automobile reaching the limit up [1] - The electric grid equipment sector strengthened, with Heshun Electric and Jinpan Technology also hitting the limit up [1] Group 2 - *ST Yuancheng experienced three consecutive limit downs [2] - *ST Yatai and *ST Mubang faced two consecutive limit downs [2] - Other companies such as Shen Zhenye A, Ruyi Group, and Aopu Optoelectronics also hit the limit down [2]

Core Viewpoint - The company, Jiangxi Mubang High-tech Co., Ltd., is set to hold a half-year performance briefing on October 22, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [2][3]. Group 1: Event Details - The performance briefing will take place on October 22, 2025, from 16:00 to 17:00 [5]. - The event will be conducted in an online interactive format via the Shanghai Stock Exchange Roadshow Center [4][5]. - Investors can submit questions from October 15 to October 21, 2025, through the Roadshow Center's website or via the company's email [2][6]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center [4][5]. - The company will address commonly asked questions during the briefing [3][6]. - Contact information for inquiries includes a designated contact person and an email address for question submissions [6].

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： 会议召开时间：2025 年 10 月 22 日（星期三）16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-121 江西沐邦高科股份有限公司 关于召开 2025 年半年度业绩说明会的公告 董事会秘书：刘毅先生 投资者可于 2025 年 10 月 15 日（星期三）至 10 月 21 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （zqb@mubon.com.cn）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 江西沐邦高科股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 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 年半 年 ...

Market Overview - The photovoltaic equipment sector experienced a decline of 1.6% on October 13, with Yicheng New Energy leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Notable gainers in the photovoltaic equipment sector included: - ST Quanwei: Closed at 14.71, up 7.14% with a trading volume of 66,700 shares [1] - Hengdian East Magnetic: Closed at 21.48, up 5.40% with a trading volume of 970,600 shares [1] - ST Mubang: Closed at 8.48, up 4.95% with a trading volume of 478,900 shares [1] - Major decliners included: - Yicheng New Energy: Closed at 5.18, down 5.30% with a trading volume of 810,300 shares [2] - Jiejia Weichuang: Closed at 97.40, down 4.85% with a trading volume of 220,300 shares [2] - Sunshine Power: Closed at 141.22, down 3.62% with a trading volume of 1,078,100 shares [2] Capital Flow - The photovoltaic equipment sector saw a net outflow of 2.218 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.61 billion yuan [2] - The capital flow for specific stocks showed: - High Measurement Co.: Net inflow of 1.19 billion yuan from institutional investors [3] - Competition Science: Net inflow of 34.42 million yuan from institutional investors [3] - Hengdian East Magnetic: Net inflow of 29.29 million yuan from institutional investors [3]

New Stock Issuance - Marco Polo (Stock Code: 001386) issued at a price of 13.75 on October 13, 2025[1] - New material company (Stock Code: 688585) has a tender offer period from September 29 to October 28, 2025[1] - Zitian (Stock Code: 300280) entered the delisting arrangement period with the last trading day on October 13, 2025[1] Market Alerts - Significant abnormal fluctuations reported for Pinming Technology (Stock Code: 688109) on October 10, 2025[1] - Multiple companies including Kesheng Technology (Stock Code: 688788) and Borui Pharmaceutical (Stock Code: 688166) have recent announcements regarding their stock activities[1] - A total of 30 companies have been flagged for abnormal trading activities, indicating potential market volatility[2]