Core Points - The company held its first meeting of the 2025 Employee Stock Ownership Plan (ESOP) on September 26, 2025, with full attendance of 60 participants representing 9,998,768 shares, which is 100% of the ESOP holders' shares [1][2] - The meeting approved the establishment of a management committee for the ESOP, which will consist of three members, including a chairperson [1][2] - The committee members elected include Ms. Zhang Huan as chairperson, along with Mr. Zhou Xingke and Mr. Liu Jingda, with their term lasting for the duration of the ESOP [2] - The meeting authorized the management committee to handle various matters related to the ESOP, including convening meetings, supervising daily management, and executing decisions made by the holders [2][3][4]

二、审议通过《关于选举能科科技股份有限公司 2025 年员工持股计划管理 委员会成员的议案》 证券代码：603859 证券简称：能科科技 公告编号：2025-048 能科科技股份有限公司 2025 年员工持股计划第一次持有人会议决议公告 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。 能科科技股份有限公司（以下简称"公司"）于 2025 年 9 月 26 日以通讯方 式召开公司 2025 年员工持股计划第一次持有人会议。会议应出席持有人 60 人， 实际出席 60 人，代表公司员工持股计划份额 999.8768 万份，占公司员工持股计 划持有人所持份额的 100%。本次会议的召集、召开和表决程序符合相关法律法 规和规范性文件的规定，会议合法有效。经审议，本次持有人会议表决通过了以 下事项： 一、审议通过《关于设立能科科技股份有限公司 2025 年员工持股计划管理 委员会的议案》 管理委员会作为员工持股计划的日常管理机构，代表员工持股计划持有人行 使股东权利。管理委员会由 3 名委员组成，设管理委员会主任 1 名。 表决结果：同 ...

Core Viewpoint - Nengke Technology experienced a 5.01% decline in stock price, closing at 43.95 CNY per share, with a trading volume of 351 million CNY and a turnover rate of 3.22%, resulting in a total market capitalization of 10.754 billion CNY [1] Company Overview - Nengke Technology Co., Ltd. is located in Haidian District, Beijing, and was established on December 26, 2006, with its listing date on October 21, 2016 [1] - The company focuses on four main industries: national defense and military, high-tech electronics and 5G, automotive and rail transportation, and equipment manufacturing, while also expanding into new energy, consumer goods, and infrastructure sectors [1] - Nengke Technology provides digital transformation solutions, including cloud products and services, software systems and services, and digital twin production line services [1] Revenue Composition - The revenue composition of Nengke Technology is as follows: - Cloud products and services: 30.35% - Industrial engineering and industrial electrical products and services: 30.24% - Software systems and services: 20.90% - AI products and services: 18.08% - Others: 0.43% [1] Fund Holdings - According to data, one fund under Shenwan Hongyuan holds a significant position in Nengke Technology, specifically the Shenwan Hongyuan Smart Life Quantitative Selection Mixed Fund A (016515), which held 5,400 shares, accounting for 0.91% of the fund's net value, ranking as the eighth largest holding [2] - The fund has a total scale of 17.3554 million CNY and has achieved a year-to-date return of 28.76%, ranking 2843 out of 8246 in its category [2] Fund Manager Information - The fund manager of Shenwan Hongyuan Smart Life Quantitative Selection Mixed Fund A is Xia Xiangquan, who has been in the position for 4 years and 331 days [3] - The total asset scale of the fund is 922 million CNY, with the best return during the tenure being 23.25% and the worst return being -26.61% [3]

Core Viewpoint - The company, Zhihui Nengke, focuses on enhancing turbine efficiency through technological innovation, positioning itself as a key player in the energy transition while coal power remains essential for peak supply and regulation in China [1] Group 1: Technological Innovation - Zhihui Nengke has developed a self-researched "diverting multi-stage pressure reduction seal" technology, which fills a domestic gap and significantly outperforms European and American competitors in energy-saving performance [2] - The technology, combined with "laser precision mapping" and "robotic precision processing," constitutes a comprehensive solution for restoring turbine efficiency and reducing coal consumption by approximately 2 grams per kilowatt-hour during traditional overhauls [2][3] - The application of this technology has been implemented in over 120 units across the country, demonstrating its effectiveness in enhancing operational efficiency and reducing coal consumption [2][4] Group 2: Economic and Environmental Impact - The average annual reduction in coal consumption for power generation has been 1.2 to 1.5 grams per standard coal over the past decade, with each advancement in seal technology potentially saving several grams of coal, leading to significant societal energy savings and carbon reduction [3] - The successful application of Zhihui Nengke's technology is expected to save nearly 10 billion yuan in power generation costs annually and reduce carbon emissions by over 10 million tons [3] - The company has established long-term partnerships with major power groups and energy enterprises, resulting in significant reductions in coal consumption in various projects, such as a 2.10 grams per kilowatt-hour reduction at a power plant [4] Group 3: Policy Alignment and Future Prospects - The focus on seal technology aligns with national policies promoting energy conservation and carbon reduction in the coal power sector, which has an installed capacity exceeding 1.45 billion kilowatts in China [5] - Zhihui Nengke has obtained over 40 patents, and its technology has been recognized as leading domestically, with expert evaluations confirming its potential to reduce coal consumption by 2 grams per kilowatt-hour under typical operating conditions [5] - A new project for manufacturing intelligent core equipment for diverting seals, with an investment of approximately 1 billion yuan, is set to begin construction, expected to produce nearly 16,000 seals annually and generate significant revenue and tax contributions [5]

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 9 月 18 日（星期四）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 投资者可于 2025 年 9 月 11 日（星期四）至 9 月 17 日（星期三）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 (nancalir@nancal.com)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。 证券代码：603859 证券简称：能科科技 公告编号：2025-047 能科科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 能科科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 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 年半年度 经营成果和财务状况，公司计划于 2025 年 9 月 18 日（星期四）16: ...

Core Viewpoint - Nengke Technology has shown significant stock performance with a 50% increase year-to-date, despite a slight decline in the last five trading days [1] Group 1: Stock Performance - As of September 9, Nengke Technology's stock price reached 44.82 CNY per share, with a market capitalization of 10.967 billion CNY [1] - The stock has experienced a 1.04% decline over the last five trading days, a 10.20% increase over the last 20 days, and a 55.95% increase over the last 60 days [1] - The company has appeared on the trading leaderboard three times this year, with the most recent occurrence on August 27 [1] Group 2: Company Overview - Nengke Technology, established on December 26, 2006, and listed on October 21, 2016, is located in Beijing and focuses on sectors such as defense, high-tech electronics, 5G, automotive, and infrastructure [2] - The company's revenue composition includes cloud products and services (30.35%), industrial engineering and electrical products (30.24%), software systems and services (20.90%), AI products and services (18.08%), and others (0.43%) [2] - Nengke Technology operates within the computer-IT services sector and is involved in concepts like digital twins, industrial software, and artificial intelligence [2] Group 3: Financial Performance - For the first half of 2025, Nengke Technology reported a revenue of 738 million CNY, reflecting a year-on-year growth of 4.91%, and a net profit attributable to shareholders of 111 million CNY, which is an 18.75% increase [2] - The company has distributed a total of 79.65 million CNY in dividends since its A-share listing, with 21.40 million CNY distributed over the past three years [3] Group 4: Shareholder Information - As of June 30, 2025, Nengke Technology had 26,000 shareholders, a decrease of 13.21% from the previous period, with an average of 9,413 shares held per shareholder, an increase of 15.23% [2] - Among the top ten circulating shareholders, Huaxia Industry Prosperity Mixed Fund holds 3.7316 million shares, while new entrants include交银先进制造混合A with 3.3467 million shares and交银均衡成长一年混合A with 2.1340 million shares [3]

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of Nengke Technology, indicating a decline in stock price despite a significant year-to-date increase [1] - As of September 4, Nengke Technology's stock price was 43.30 CNY per share, with a market capitalization of 10.595 billion CNY and a trading volume of 357 million CNY [1] - The company has experienced a year-to-date stock price increase of 44.91%, but has seen a decline of 13.85% over the last five trading days [1] Group 2 - Nengke Technology, established on December 26, 2006, and listed on October 21, 2016, operates in sectors such as defense, high-tech electronics, 5G, automotive, and infrastructure [2] - The company's revenue composition includes 30.35% from cloud products and services, 30.24% from industrial engineering and electrical products, 20.90% from software systems and services, and 18.08% from AI products and services [2] - As of June 30, 2025, Nengke Technology reported a revenue of 738 million CNY, reflecting a year-on-year growth of 4.91%, and a net profit of 111 million CNY, with an 18.75% increase [2] Group 3 - Nengke Technology has distributed a total of 79.65 million CNY in dividends since its A-share listing, with 21.40 million CNY distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders include Huaxia Industry Prosperity Mixed Fund and Jiao Yin Advanced Manufacturing Mixed Fund, with the latter being a new shareholder [3]

Summary of Nengke Technology Conference Call Company Overview - **Company**: Nengke Technology - **Industry**: AI Products and Services Key Points and Arguments 1. **Revenue Growth**: Nengke Technology's AI products and services revenue increased by 100% year-on-year, reaching 211 million yuan, driven by three main categories of AI products: AI-enabled physical product intelligence, AI-enabled industrial research and development, and industrial software with AI intelligent assistants [2][4]. 2. **Special Orders**: The company has secured a total of 250 million yuan in special orders in the "AI-enabled physical product intelligence" sector and is actively developing intelligent features for terminal devices, exploring a business model based on device and app fees [2][5]. 3. **Industry Applications**: In the "AI-enabled industrial research and development" area, Nengke Technology has implemented five vertical models across four major industries: electronics, automotive, general machinery, and energy, with 20 agent scenarios deployed, significantly enhancing efficiency in quality inspection, model prediction, and drawing recognition [2][6]. 4. **Business Optimization**: The company has reduced low-margin businesses and redirected resources to high-growth, high-margin AI sectors, focusing on special and medium-to-large civilian clients, which has effectively improved overall profitability [2][7]. 5. **Employee Incentives**: An employee stock ownership plan has been introduced to incentivize core personnel, linked to AI business growth with a target compound annual growth rate of 30%, with confidence in doubling the AI business segment [2][8]. 6. **Military AI Orders**: Nengke Technology has secured significant military AI orders and initiated phase two projects, with ongoing discussions with major military research institutes, anticipating stable growth but handling orders in smaller batches [2][10]. 7. **Revenue Projections**: For 2025, the company expects AI revenue to double, with total revenue projected to grow by 20%-30% [3][11]. 8. **Comparison with US Giants**: Nengke Technology benchmarks against US military AI giants like Palantir and Anduril, focusing on software solutions for unmanned equipment rather than hardware [3][12]. 9. **Military Perspective**: The military has a sensitive view on special business development, with expectations for significant growth in intelligent and autonomous R&D during the 14th Five-Year Plan period [3][13]. Additional Important Information - **Financial Performance**: In the first half of 2025, total revenue reached 738 million yuan, a year-on-year increase of 4.91%, with net profit attributable to shareholders at 111 million yuan, up 18.75%, and a gross margin of 52.40%, an increase of 4.22 percentage points [4]. - **Team Structure**: Nengke Technology has established four major teams in the AI field: data engineering, model development, agent development, and scenario application teams, which collectively drive the company's AI technology advancements [9].

New Stock Issuance - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - KaiPu Cloud (688228) reported severe abnormal fluctuations on August 30, 2025[1] - Xinhua Jin (600735) announced on August 30, 2025, regarding its stock activities[1] Trading Alerts - JiShi Media (601929) issued a notice on August 30, 2025, regarding trading activities[1] - XianDao Intelligent (300450) and DeChuang Environmental (603177) both reported updates on September 2, 2025[1] - Huahai Pharmaceutical (600521) and *ST HuiCheng (002168) also provided trading updates on September 2, 2025[1] Abnormal Fluctuations - Several companies, including Changjiang Materials (001296) and WanBangDe (002082), reported abnormal fluctuations on August 28, 2025[3] - Longjing Technology (301396) and Jinli Yongci (300748) also noted significant trading irregularities on August 27, 2025[3] - The report includes multiple links to announcements regarding trading activities and fluctuations for various companies[3]

New Stock Issuance - New stock issuance for AiFenda (301575) is priced at 27.69 RMB, effective from September 1, 2025[1] - Fushun Special Steel (600399) is undergoing a tender offer from August 12 to September 10, 2025[1] - KaiPu Cloud (688228) has a recent announcement regarding its stock[1] Market Alerts - Significant abnormal fluctuations reported for Siquan New Materials (301489) on August 22, 2025[1] - New announcements for various stocks including Xinhua Jin (600735) and Jishi Media (601929) on August 30, 2025[1] - Multiple stocks including ST Guohua (000004) and ST Huayang (603825) have recent updates as of August 29, 2025[1] Trading Insights - The report includes links to detailed announcements for stocks experiencing significant market activity, such as ST Zhongji (000972) and ST Yilanzhong (300096)[1] - The document highlights the importance of monitoring stock performance and related announcements for investment decisions[1]