Core Viewpoint - Shenneng Power (603530.SH) has repurchased a total of 7.9774 million shares, representing 1.8480% of the company's total share capital, with a total expenditure of RMB 237 million as of September 30, 2025 [1] Summary by Category - **Share Repurchase Details** - The company has conducted share repurchases through centralized bidding transactions [1] - The minimum transaction price was RMB 28.36 per share, while the maximum price reached RMB 31.98 per share [1] - The total amount paid for the repurchased shares is RMB 237 million, excluding stamp duty and transaction commissions [1]

Core Viewpoint - The A-share market experienced a day of volatility on October 10, with all three major indices declining, indicating a bearish sentiment in the market. The nuclear power sector showed notable activity, driven by recent advancements in fusion energy technology [2]. Market Performance - The Shanghai Composite Index fell by 0.94%, closing at 3897.03 points, while the Shenzhen Component Index dropped by 2.70% and the ChiNext Index decreased by 4.55% [2]. - The nuclear power sector was particularly active, with several stocks hitting the daily limit up, including Hezhong Intelligent, which achieved five consecutive limit-ups in nine days, and New Special Electric, which reached a 20% limit-up [2]. Industry Developments - A significant breakthrough was reported on October 1 regarding the BEST project in Hefei, Anhui, where the key component of the fusion energy experimental device, the Dewar base, was successfully developed and installed [2]. - This milestone marks a new phase in the construction of the project, highlighting recent advancements in China's nuclear fusion field [2]. Investment Outlook - According to Guojin Securities, the commercialization path for nuclear fusion technology is becoming clearer, with global investments increasing. The cumulative financing in the industry is expected to exceed $7.1 billion in 2024 [2]. - The industry is anticipated to enter a capital expenditure acceleration cycle during the 14th Five-Year Plan period, with ongoing orders in related component sectors presenting potential investment opportunities [2].

Core Viewpoint - The China Securities Index for power equipment has increased by over 2%, with several companies experiencing significant stock price surges, indicating a positive trend in the sector [1] Company Performance - New Special Electric, Guodian Nanzi, Sifang Co., and Shunma Electric have all reached the daily limit increase in stock prices [1] - Haixing Electric and Jixin Technology have also shown notable gains, contributing to the overall positive performance of the sector [1]

Company Performance - The stock price of Shenneng Electric reached a historical high, increasing by 7.10% to 35.32 yuan, with a trading volume of 3.1651 million shares and a transaction value of 109 million yuan [2] - The company's total market capitalization in A-shares is 15.247 billion yuan, while the circulating market capitalization is 15.098 billion yuan [2] - The company reported a revenue of 704 million yuan for the first half of the year, representing a year-on-year growth of 27.74%, and a net profit of 160 million yuan, up 13.60% year-on-year [2] - The basic earnings per share are 0.3800 yuan, with a weighted average return on equity of 8.95% [2] Industry Overview - The overall increase in the power equipment industry is 1.21%, with 262 stocks rising and 4 stocks hitting the daily limit [2] - Among the stocks that declined, Haibo Sichuang, Fulian Jinggong, and Youyou Green Energy saw declines of 6.76%, 6.30%, and 5.11% respectively [2] Margin Trading Data - As of September 30, the margin trading balance for Shenneng Electric was 79.6791 million yuan, with a financing balance of 79.2602 million yuan, reflecting a decrease of 4.2098 million yuan over the past 10 days, a decline of 5.04% [2]

Core Viewpoint - Shennma Power has completed the registration of changes in business operations and the revised Articles of Association, obtaining a new business license from the Nantong Data Bureau [2][4]. Group 1: Corporate Changes - Shennma Power's registered capital has been adjusted from 432.263327 million to 431.684575 million due to changes in business scope and the implementation of stock repurchase [4]. - The legal representative of Shennma Power has changed to Jin Ling, who was elected as the vice chairman during the board meeting [4]. - The Nantong Data Bureau approved the change in business scope with some differences in expression compared to the previously disclosed changes, but it does not affect the substantive business content [4]. Group 2: Financial Performance - In the first half of 2025, Shennma Power achieved revenue of 704 million, an increase of 27.7% year-on-year [5]. - The net profit for the same period was 160 million, reflecting a year-on-year increase of 13.6% [5]. - The non-recurring net profit reached 158 million, up 14.5% compared to the previous year [5].

Group 1 - The company announced changes to its business scope based on actual conditions and operational development needs [2] - The registered capital will be adjusted from "432.263327 million" to "431.684575 million" following the repurchase and cancellation of certain restricted stocks [2] - The company elected Ms. Jin Ling as the vice chairman of the board, and she will serve as the legal representative of the company [2] Group 2 - The company completed the registration of changes with the industrial and commercial bureau and obtained a new business license [2]

证券代码：603530 证券简称：神马电力 公告编号：2025-079 江苏神马电力股份有限公司 关于 2025 年股票期权激励计划首次授予结果公告 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： ●股票期权首次授予登记日：2025 年 9 月 11 日 ●股票期权首次授予登记数量：779.53 万份 ●股票期权首次授予登记人数：61 人 江苏神马电力股份有限公司（以下简称"公司"）于 2025 年 8 月 19 日召开 了第五届董事会第三十一次会议，审议通过了《关于向 2025 年股票期权激励计 划激励对象首次授予股票期权的议案》，根据《江苏神马电力股份有限公司 2025 年股票期权激励计划（草案）》（以下简称"本激励计划"或"《激励计划》"）的 规定和公司 2025 年第二次临时股东会的授权，董事会认为 2025 年股票期权激励 计划首次授予条件已经成就，同意确定本激励计划首次授予日为 2025 年 8 月 19 日，向 61 名符合条件的激励对象授予股票期权 779.53 万份，行权价格为 26.47 元 ...

江苏神马电力股份有限公司 章 程 二〇二五年七月 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股份 | 3 | | 第四章 | 股东和股东会 | 6 | | 第五章 | 董事会 | 22 | | 第六章 | 高级管理人员 | 33 | | 第七章 | 财务会计制度、利润分配和审计 35 | | | 第八章 | 通知和公告 | 39 | | 第九章 | 合并、分立、增资、减资、解散和清算 40 | | | 第十章 | 修改章程 | 44 | | 第十一章 | 附则 | 44 | 江苏神马电力股份有限公司 公司章程 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织 和行为，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（"以下简称《证券法》"）《上市公司章程指引》和其他有关规定， 制定本章程。 第三条 公司于 2019 年 6 月 21 日经中国证券监督管理委员会（以下简称 "中国证监会"）核准，首次向社会公众发行人民币普通股 4,004.4490 万股，于 ...

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。 一、募集资金基本情况 证券代码：603530 证券简称：神马电力 公告编号：2025-078 江苏神马电力股份有限公司 关于注销部分募集资金专项账户的公告 | 序 号 | 开户银行 | 银行账户 | 备注 | | --- | --- | --- | --- | | 1 | 中国建设银行股份有限公司南通港闸支行 | 32050164263600002671 | 存续 | | 2 | 中信银行股份有限公司南通分行 | 8110501011601796461 | 已注销 | | 3 | 招商银行股份有限公司上海天山支行 | 512903540710302 | 本次注销 | | 4 | 中国建设银行股份有限公司如皋支行 | 32050164723600008777 | 已注销 | | 5 | 兴业银行股份有限公司如皋支行 | 408890100100127646 | 已注销 | 1 | 6 | 兴业银行股份有限公司南通分行 | 408890100100133892 | 存续 | | -- ...

证券代码：603530 证券简称：神马电力 公告编号：2025-077 关于完成工商变更登记并换发营业执照的公告 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。 一、基本情况 江苏神马电力股份有限公司（以下简称"公司"）分别于 2025 年 7 月 4 日、 2025 年 7 月 21 日召开了第五届董事会第二十七次会议以及 2025 年第一次临时 股东大会，审议通过了《关于修订<公司章程>的议案》，同意公司根据实际情况 和经营发展需要，对公司经营范围进行变更，并结合回购注销部分限制性股票的 实施情况，将注册资本由"43,226.3327 万元"变更为"43,168.4575 万元"。具体 内容详见公司于 2025 年 7 月 5 日在上海证券交易所网站披露的《关于修订<公司 章程>及相关治理制度的公告》（公告编号 2025-047）。 公司于 2025 年 7 月 21 日召开第五届董事会第二十八次会议，审议通过《关 于选举公司副董事长的议案》，公司董事会同意选举金玲女士为公司第五届董事 会副董事长，任期自董事会审议通 ...