Group 1 - The actual controller of Hengsheng Energy, Du Shunxian, has reduced her shareholding by 1,012,900 shares, representing 0.36% of the total shares, from October 15 to November 11, 2025 [2] - Following this reduction, the shareholding ratio of the actual controller and her concerted parties decreased from 74.28% to 73.92%, triggering a 1% threshold change [2] - The reduction is part of a previously disclosed plan and does not trigger a mandatory takeover, nor does it affect the company's governance structure or ongoing operations significantly [2][3] Group 2 - The reduction complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shanghai Stock Exchange listing rules [3] - Du Shunxian's reduction plan is still ongoing, and the company will continue to monitor compliance with disclosure obligations [3]

Core Insights - Hengsheng Energy's stock rose by 10.01% to close at 44.72 yuan on November 11, 2023, with two block trades totaling 362,300 shares and a transaction value of 13.2565 million yuan [1] Trading Activity - The first block trade occurred at a price of 36.59 yuan for 89,000 shares, amounting to 3.2565 million yuan, with a discount rate of -18.18%. The buyer was UBS Securities and the seller was Shenwan Hongyuan Securities [1] - The second block trade also took place at 36.59 yuan for 273,300 shares, totaling 10 million yuan, with the same discount rate of -18.18%. The buyer was Goldman Sachs (China) Securities and the seller was Shenwan Hongyuan Securities [1] Recent Performance - Over the past three months, Hengsheng Energy has recorded a total of seven block trades with a cumulative transaction value of 30.7022 million yuan [1] - In the last five trading days, the stock has increased by 26.43%, while the net outflow of main funds amounted to 26.8435 million yuan [1]

恒盛能源股份有限公司 关于实际控制人之一 权益变动触及 1%刻度的提示性公告 杜顺仙女士保证向本公司提供的信息真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 证券代码：605580 证券简称：恒盛能源 公告编号：2025-038 恒盛能源股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日在上海证 券交易所网站（www.sse.com.cn）披露了《恒盛能源股份有限公司实际控制人之 一减持股份计划公告》（公告编号：2025-033），因优化公司股权结构、增加市场 流动性及自身资金需求等原因，公司实际控制人之一杜顺仙女士拟通过大宗交易 方式减持持有的公司无限售条件流通股，不超过 5,600,000 股，即不超过公司股 份总数的 2%；减持期间为自减持股份计划公告披露之日起 15 个交易日后的 3 个 月内。若在减持计划实施期间公司发生送红股、增发新股或配股、转增股本、股 份回购等事项导致股东持股数量或公司股份总数发生变化的，减持股份数量、比 例将相应进行调整。 2025 年 11 月 11 日，公司收到杜顺仙女士的《关 ...

Core Viewpoint - The actual controller of Hengsheng Energy, Du Shunxian, reduced his shareholding through block trading, decreasing his stake from 74.28% to 73.92%, which is a reduction of 1% [1] Summary by Relevant Sections - **Shareholding Change** - Du Shunxian sold 1,012,900 shares, accounting for 0.36% of the total shares of the company [1] - The reduction in shareholding is part of a previously disclosed plan and does not trigger a mandatory tender offer [1] - **Compliance and Control** - The reduction will not lead to a change in control of the company, and there are no violations of regulations [1] - The company will ensure that Du Shunxian completes his reduction plan in compliance with disclosure requirements [1]

Core Points - Hengsheng Energy (605580.SH) announced a significant change in shareholder equity due to a reduction in stock holdings by one of its actual controllers, Ms. Du Shunxian [1] - From October 15 to November 11, 2025, Ms. Du Shunxian reduced her holdings by a total of 1,012,900 shares, which represents 0.36% of the company's total shares [1] - Following this equity change, the proportion of shares held by the actual controllers and their concerted parties decreased from 74.28% to 73.92%, marking a change that touches the 1% threshold [1]

Market Overview - The electricity sector experienced a slight increase of 0.02% on the trading day, with TuoRi New Energy leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down by 0.39%, while the Shenzhen Component Index closed at 13289.0, down by 1.03% [1] Top Gainers in the Electricity Sector - TuoRi New Energy (002218) closed at 4.35, up by 10.13% with a trading volume of 501,400 shares and a transaction value of 215 million [1] - Hengsheng Energy (605580) closed at 44.72, up by 10.01% with a trading volume of 157,700 shares and a transaction value of 671 million [1] - Huami Environmental Energy (600475) closed at 19.15, up by 9.99% with a trading volume of 357,800 shares and a transaction value of 662 million [1] - Yunnan Energy Investment (002053) closed at 13.54, up by 9.99% with a trading volume of 290,700 shares and a transaction value of 381 million [1] Top Losers in the Electricity Sector - Mindong Electric Power (000993) closed at 14.48, down by 5.30% with a trading volume of 1,052,300 shares and a transaction value of 1.621 billion [2] - Zhaoxin Co., Ltd. (002256) closed at 3.61, down by 3.22% with a trading volume of 3,035,200 shares and a transaction value of 1.102 billion [2] - Xinzhu Co., Ltd. (002480) closed at 6.84, down by 2.98% with a trading volume of 331,900 shares and a transaction value of 229 million [2] Capital Flow Analysis - The electricity sector saw a net outflow of 1.044 billion from institutional investors, while retail investors contributed a net inflow of 1.17 billion [2] - The capital flow for individual stocks indicates varying levels of institutional and retail participation, with some stocks experiencing significant net inflows from retail investors [3]

Market Overview - The market experienced fluctuations with the Shenzhen Component Index and ChiNext Index both declining over 1% while the superhard materials sector surged, with stocks like Sifangda and Huanghe Xuanfeng hitting the daily limit [1] - The photovoltaic sector showed strength, with companies like Zhonglai Co. and GCL-Poly Energy also reaching the daily limit [1] - The consumer sector saw gains in the afternoon, with stocks such as Huanlejia and Sanyuan Co. hitting the daily limit [1] - The storage chip sector faced adjustments, with companies like Xiangnong Xinchuan dropping nearly 10% [1] - The total trading volume for the day was 2.01 trillion [1] Hot Topics Cultivated Diamonds - Cultivated diamonds saw a significant rise, with stocks like Huanghe Xuanfeng, Sifangda, and Hengsheng Energy hitting the daily limit [3] - The demand for diamond micro-drills, which utilize diamond tips for precision drilling in various materials, is increasing due to their application in high-power and high-frequency electronic devices [3] - According to estimates, the diamond cooling market is projected to grow from $0.5 billion in 2025 to $152.4 billion by 2030, with a compound annual growth rate of 214% [4] Photovoltaic Sector - The photovoltaic sector experienced a notable increase, with companies like Jincheng Co. and Guosheng Technology hitting the daily limit [5] - A recent guideline from the National Development and Reform Commission and the National Energy Administration emphasizes the promotion of advanced and efficient new energy storage technologies, aiming to meet the demand for 200 million kilowatts of new energy consumption annually by 2030 [5] - The "anti-involution" policies in the photovoltaic sector are focused on controlling prices and production volumes, leading to price increases across the supply chain since July [8][9] Consumer Sector - The consumer sector remained active, with companies like Dongbai Group and Zhejiang Dongri achieving consecutive daily limits [9] - The October CPI data indicated a year-on-year decrease of 2.9% in food prices, suggesting a gradual recovery in the restaurant chain sector [10] - The dairy product market is expected to see a stable recovery in demand, with supply gradually improving [11]

Core Viewpoint - The article discusses the recent structural opportunities in the market driven by AI, highlighting significant movements in various sectors, particularly in the cultivated diamond and photovoltaic industries [3][9]. Group 1: AI-Driven Market Opportunities - The AI power infrastructure chain, including solid-state transformers, gas turbines, and solid oxide fuel cells, has seen substantial gains recently [3]. - The cultivated diamond sector has experienced a surge, with leading stocks like Sifangda and World achieving significant price increases, with Sifangda hitting a 20% limit up [6][9]. - The storage chip sector remains active, with companies like Shenkong and Jiangbolong reaching historical highs [3]. Group 2: Cultivated Diamond Sector Insights - Cultivated diamonds, which are synthetic diamonds of gem quality, are increasingly being integrated into various consumer and industrial applications, including fashion items and high-tech fields [9]. - The demand for cultivated diamonds is driven by advancements in semiconductor technology, particularly in the context of fourth-generation semiconductor materials and diamond cooling solutions [9][10]. - The diamond cooling technology is expected to enhance the performance of electronic devices significantly, with potential cost savings in data centers [10]. Group 3: Photovoltaic Sector Developments - The photovoltaic sector has shown strong performance, with companies like Zhonglai and Xiexin experiencing notable stock price increases [13][15]. - Recent advancements include a new perovskite solar cell prototype achieving a conversion efficiency of 27.2%, which could support the commercialization of this technology [15]. - The National Development and Reform Commission has outlined new guidelines to promote renewable energy consumption, aiming for a more efficient integration of renewable resources by 2035 [15].

Group 1 - The cultivated diamond sector is experiencing significant growth, with Huifeng Diamond rising over 24% [1] - Sifangda has reached a 20% limit-up, indicating strong market interest [1] - World Diamond has increased by more than 15%, reflecting positive momentum in the industry [1] Group 2 - Other companies such as Huanghe Xuanfeng, Power Diamond, Hengsheng Energy, Guoji Precision, and Chaohongji are also seeing gains, contributing to the overall bullish trend in the cultivated diamond market [1]

Core Viewpoint - The A-share market for cultivated diamond concept stocks has shown significant strength, with multiple stocks experiencing substantial gains following a government announcement regarding the suspension of certain regulations related to superhard materials [1][2]. Group 1: Stock Performance - Huifeng Diamond saw an increase of over 23%, with a total market capitalization of 4.197 billion [2]. - Sifangda reached a limit-up of 20%, with a market cap of 9.039 billion and a year-to-date increase of 68.90% [2]. - World achieved a rise of over 15%, with a market cap of 12.4 billion and a remarkable year-to-date increase of 275.26% [2]. - Power Diamond increased by over 11%, with a market cap of 12 billion and a year-to-date increase of 27.54% [2]. - Huanghe Xuanfeng hit a limit-up of 10%, with a market cap of 11 billion and a year-to-date increase of 83.17% [2]. - Hengsheng Energy rose by over 5%, with a market cap of 12 billion and an impressive year-to-date increase of 296.63% [2]. Group 2: Regulatory Announcement - On November 7, the Ministry of Commerce and the General Administration of Customs jointly announced the suspension of certain regulations related to superhard materials, effective immediately until November 10, 2026 [1].