Core Viewpoint - The financing activities and market performance of Shanghai Pylon Technology Co., Ltd. indicate a mixed sentiment among investors, with notable inflows and outflows in recent weeks [1]. Financing Activities - Shanghai Pylon Technology recorded a net financing inflow of 25.48 million yuan last week, ranking 336th in the market [1]. - The total financing amount for the week was 173 million yuan, while the repayment amount was 147 million yuan [1]. Market Performance - Over the past 5 days, the main capital outflow from Shanghai Pylon Technology was 23.43 million yuan, with a price decline of 1.95% [1]. - In the last 10 days, the main capital outflow was 14.52 million yuan, with a price decline of 0.61% [1]. Company Profile - Shanghai Pylon Technology Co., Ltd. was established in 2009 and is located in Shanghai, primarily engaged in the manufacturing of electrical machinery and equipment [1]. - The company has a registered capital of 2.453 billion yuan and a paid-in capital of 348.9 million yuan [1]. - The legal representative of the company is Wei Zaisheng [1]. Investment and Intellectual Property - The company has invested in 10 enterprises and participated in 24 bidding projects [1]. - In terms of intellectual property, Shanghai Pylon Technology holds 141 trademark registrations and 510 patents, along with 24 administrative licenses [1].

Core Viewpoint - Shanghai PAI Neng Energy Technology Co., Ltd. has announced a change in its continuous supervision sponsor representatives due to the work transfer of the original representative, Luo Guijun [1][2]. Group 1: Change of Sponsor Representatives - Luo Guijun will no longer serve as the continuous supervision sponsor representative for the company's initial public offering (IPO) and the 2022 private placement of A-shares due to a work change [2]. - Yang Enliang has been appointed to replace Luo Guijun as the sponsor representative for the IPO, while Wang Qiuyun will take over for the 2022 private placement [2]. - After the change, the sponsor representatives for the IPO will be Liu Jianliang and Yang Enliang, while for the 2022 private placement, they will be Yang Enliang and Wang Qiuyun [2]. Group 2: Acknowledgment of Previous Representative - The company's board of directors expressed sincere gratitude for the work done by Luo Guijun during his tenure as the sponsor representative [3]. Group 3: Background of New Representatives - Yang Enliang holds a master's degree in finance and is currently a senior vice president at CITIC Securities Investment Banking Business Management Committee, with experience in various IPO and refinancing projects [5]. - Wang Qiuyun also holds a master's degree in finance and serves as a senior vice president at CITIC Securities Investment Banking Business Management Committee, with a background in similar projects [6].

公司董事会对罗贵均先生在担任公司保荐代表人期间所做的工作表示衷心 感谢。 附件 2：王秋韵先生简历 特此公告。 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、准确性和完整性依法承担法律责任。 附件：保荐代表人简历 附件 1：杨恩亮先生简历 上海派能能源科技股份有限公司（以下简称"公司"）于近日收到中信建投 证券股份有限公司（以下简称"中信建投"）出具的《关于变更上海派能能源科 技股份有限公司持续督导保荐代表人的函》，作为公司首次公开发行股票并在科 创板上市项目（以下简称"首发项目"）及 2022 年度向特定对象发行 A 股股票 （以下简称"定增项目"）的保荐人，中信建投原委派罗贵均、刘建亮为公司首 发项目持续督导保荐代表人，罗贵均、杨恩亮为公司定增项目的持续督导保荐代 表人。 保荐代表人，金融硕士，现任中信建投证券投资银行业务管理委员会高级副 总裁。曾主持或参与的项目有：威尔药业、东岳硅材、派能科技、通则康威等公 司 IPO 项目，光莆股份、锦泓集团、派能科技等再融资项目，以及多个拟 IPO 项目的改制辅导、上市公司的资本运作等工作。 原保荐代表人罗贵均 ...

证券代码：688063 证券简称：派能科技 公告编号：2025-052 上海派能能源科技股份有限公司 关于变更持续督导保荐代表人的公告 附件：保荐代表人简历 附件 1：杨恩亮先生简历 保荐代表人，金融硕士，现任中信建投证券投资银行业务管理委员会高级副 总裁。曾主持或参与的项目有：威尔药业、东岳硅材、派能科技、通则康威等公 司 IPO 项目，光莆股份、锦泓集团、派能科技等再融资项目，以及多个拟 IPO 项目的改制辅导、上市公司的资本运作等工作。 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、准确性和完整性依法承担法律责任。 附件 2：王秋韵先生简历 上海派能能源科技股份有限公司（以下简称"公司"）于近日收到中信建投 证券股份有限公司（以下简称"中信建投"）出具的《关于变更上海派能能源科 技股份有限公司持续督导保荐代表人的函》，作为公司首次公开发行股票并在科 创板上市项目（以下简称"首发项目"）及 2022 年度向特定对象发行 A 股股票 （以下简称"定增项目"）的保荐人，中信建投原委派罗贵均、刘建亮为公司首 发项目持续督导保荐代表人，罗贵均、杨恩亮为公司定 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [5] Core Viewpoints - The report emphasizes the ongoing "anti-involution" trend in the photovoltaic industry, which is expected to drive price increases and improve profitability across the supply chain [16][36] - The energy storage sector is experiencing sustained demand growth, with significant project developments and favorable policy support [39][44] - The lithium battery segment shows stable demand, with advancements in solid-state technology and materials innovation [39][44] - The wind power sector is benefiting from increased offshore project activity and recovery in profitability [39][44] - The power equipment sector is seeing positive developments from high-voltage projects and international demand [39][44] - New directions in AI and robotics are highlighted as emerging investment opportunities, particularly in the context of increased capital expenditure from major manufacturers [39][44] Summary by Sections Photovoltaic - The photovoltaic industry is witnessing a price increase in key materials, with polysilicon prices rising to 49-55 CNY/kg and silicon wafer prices increasing by approximately 0.1 CNY per piece [22][25] - The government is pushing for the elimination of low-price competition and the orderly exit of outdated production capacity, with mergers and acquisitions in the polysilicon sector expected to progress in Q3 [16][36] - Recommended stocks include Tongwei Co., GCL-Poly, LONGi Green Energy, and Aiko Solar [16][36] Energy Storage - In H1 2025, major energy storage projects across 21 regions reached a total capacity of 124 GWh, with significant contributions from Inner Mongolia, Shandong, and Guangdong [41][42] - The report highlights the increasing stability of the energy storage market, with a positive outlook for domestic demand and pricing [39][44] - Recommended stocks include Sungrow Power Supply and Deye Technology [39][44] Lithium Batteries - The lithium battery sector is characterized by stable demand and a focus on solid-state battery technology, with companies like CATL and other second-tier players expected to benefit [39][44] - The report notes the importance of material innovations such as lithium metal anodes and nickel-iron current collectors [39][44] - Recommended stocks include CATL, Xiamen Tungsten, and Putailai [39][44] Wind Power - The offshore wind sector is accelerating project construction, with expectations for increased profitability in the second half of the year [39][44] - Recommended stocks include Mingyang Smart Energy and Zhongji Lingnan [39][44] Power Equipment - The report indicates that high-voltage projects have been approved, with overseas demand expected to rise [39][44] - Recommended stocks include Pinggao Electric and XJ Electric [39][44] New Directions - The report highlights advancements in humanoid robotics and AI applications, with significant capital expenditure from major companies [39][44] - Recommended stocks include Sanhua Intelligent Controls and Zhejiang Rongtai [39][44]

| 代码 | 简称 | 今日涨跌 | 今日换手 | 5日均线 | 10日均线 | 5日较10日均线 | 最新价 | 较10日均线乖 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （%） | 率（%） | （元） | （元） | 距离（%） | （元） | 离率（%） | | 002052 | 同洲 | -0.77 | 2.45 | 10.71 | 10.85 | -1.25 | 10.32 | -4.85 | | | 电子 | | | | | | | | | 002989 | 中天 | -0.77 | 2.14 | 32.36 | 32.71 | -1.07 | 31.12 | -4.87 | | | 精装 | | | | | | | | | 603983 | 丸美 生物 | -2.64 | 0.70 | 39.79 | 40.17 | -0.93 | 38.69 | -3.68 | | | 格科 | | | | | | | | | 688728 | 微 | 0.46 | 0.48 | 15.71 | 15.82 | -0.68 ...

Market Overview - The Shanghai Composite Index is at 3555.41 points, with a decline of 0.50% [1] - The total trading volume of A-shares is 128.87 billion yuan [1] Technical Analysis - A total of 64 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Tongzhou Electronics: -1.29% - Marubi Biological: -0.95% - GeKao Micro: -0.69% [1] Individual Stock Performance - Key stock performances include: - Tongzhou Electronics (002052): Today's change -1.15%, 5-day MA at 10.70 yuan, 10-day MA at 10.84 yuan, with a distance of -1.29% [1] - Marubi Biological (603983): Today's change -2.84%, 5-day MA at 39.78 yuan, 10-day MA at 40.16 yuan, with a distance of -0.95% [1] - GeKao Micro (688728): Today's change 0.33%, 5-day MA at 15.71 yuan, 10-day MA at 15.82 yuan, with a distance of -0.69% [1] - Other notable stocks include: - Huatai Securities (601059): Today's change -0.86%, 5-day MA at 16.73 yuan, 10-day MA at 16.84 yuan, with a distance of -0.66% [1] - Jiabao (600622): Today's change -1.01%, 5-day MA at 3.08 yuan, 10-day MA at 3.10 yuan, with a distance of -0.64% [1] Additional Stock Movements - Other stocks with notable movements include: - Laka Laka (300773): Today's change -4.02%, 5-day MA at 27.62 yuan, 10-day MA at 27.73 yuan, with a distance of -0.39% [2] - Yongtai Technology (002326): Today's change 4.09%, 5-day MA at 13.25 yuan, 10-day MA at 13.29 yuan, with a distance of -0.32% [2] - Qijing (603677): Today's change -0.46%, 5-day MA at 19.91 yuan, 10-day MA at 19.96 yuan, with a distance of -0.25% [2]

Group 1 - Major shareholder,融科创投, holds 20,463,622 shares of the company, accounting for 8.3403% of total shares [2] -融科创投 plans to reduce its holdings by up to 2,453,592 shares, not exceeding 1% of the total share capital, due to funding needs [3][4] - The reduction period is set for three months starting 15 trading days after the announcement, with prices determined by market conditions [3][7] Group 2 -融科创投 has previously reduced its holdings by 2,452,088 shares through centralized bidding and 4,907,000 shares through block trading in the past 12 months [6] -融科创投 has made commitments regarding share lock-up and reduction intentions, including not transferring shares for 36 months post-IPO [9][10] - The company will comply with relevant laws and regulations regarding the reduction plan and will disclose information as required [14]

证券代码：688063 证券简称：派能科技 公告编号：2025-051 上海派能能源科技股份有限公司 持股 5%以上股东减持股份计划公告 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、准确性和完整性依法承担法律 责任。 重要内容提示： ? 大股东持股的基本情况 截至本公告披露日，派锂（宁波）创业投资合伙企业（有限合伙）（以下简 称"融科创投"）直接持有上海派能能源科技股份有限公司（以下简称"公司" 或"派能科技"）股份 20,463,622 股，占公司总股本的 8.3403%。上述股份来源 为公司首次公开发行股票前持有的股份及上市后权益分派以资本公积金转增股 本取得的股份，首次公开发行股票前持有的股份于 2024 年 1 月 2 日起上市流通。 ? 减持计划的主要内容 融科创投因自身资金周转需求，拟通过集中竞价交易方式减持公司股份数量 合计不超过 2,453,592 股，减持比例不超过公司总股本的 1%。 减持期间为自本公告披露之日起 15 个交易日后的 3 个月内。减持价格按市 场价格确定，若公司在上述减持计划实施期间发生派发红利、送股、资本 ...

Core Insights - Jiangnan Yifan disclosed plans to increase its shareholding by no less than 50,000 shares and no more than 100,000 shares [1] - A total of 14 A-share listed companies announced share reductions, including *ST Dongjing, Hanwang Technology, Heyuan Gas, and others [1] Summary of Shareholding Changes - Jiangnan Yifan: Plans to increase shareholding by 50,000 to 100,000 shares [2] - Hanwang Technology: Director Li Zhifeng plans to reduce holdings by up to 0.0525% [2] - Heyuan Gas: Changjiang Capital plans to reduce holdings by up to 2% [2] - Jieya Shares: Shareholder plans to reduce holdings by up to 4.95% [2] - Pioneering Technology: Shareholder Rongke Chuangtou plans to reduce holdings by up to 1% [2] - Xinling Electric: Director Zhang Pengchun plans to reduce holdings by up to 0.40% [2] - Tongda Shares: Shareholder Huasheng Baili plans to reduce holdings by up to 3% [2] - Yuxin Electronics: Hu Xinrui plans to transfer up to 1 million shares to a related party [2] - Jiusheng Electric: Employee representative director Xu Ming plans to reduce holdings by up to 0.07% [2] - Enwei Medical: Vice President Chen Lei plans to reduce holdings by up to 16,279 shares [2] - Wanhua Chemical: Shareholder plans to reduce holdings by up to 0.54% [2] - Haohan Depth: Shareholder Lianchuang Yongqin plans to reduce holdings by up to 2.17% [2] - Jiahua Technology: Shareholder Gongqingcheng Huayun plans to reduce holdings by up to 2% [2] - Weizhi Xiang: Major shareholder Jinhua Sheng plans to reduce holdings by up to 0.43% [2]