Core Points - Witten Electric's stock price dropped by 5.05% to 37.42 CNY per share, with a trading volume of 1.04 billion CNY and a turnover rate of 1.45%, resulting in a total market capitalization of 7.022 billion CNY [1] Company Overview - Witten Electric Group Co., Ltd. is located in Yangzhong City, Jiangsu Province, and was established on January 7, 2004. The company went public on July 7, 2021. Its main business involves the research, development, manufacturing, and sales of busbar products [1] - The revenue composition of Witten Electric is as follows: - Photovoltaic new materials - Photovoltaic welding strips: 46.68% - Power distribution equipment - High and low voltage busbars: 25.26% - Energy storage systems: 21.46% - Others (supplementary): 2.27% - Power distribution equipment - Medium and low voltage complete equipment: 2.05% - Others: 1.63% - Power distribution equipment - Copper and aluminum products: 0.49% - Photovoltaic new materials - Aluminum frames: 0.16% [1] Shareholder Information - Among the top ten circulating shareholders of Witten Electric, a fund under Quanguo Fund holds a position. The fund, Quanguo Xuyuan Three-Year Holding Period Mixed A (016709), reduced its holdings by 463,500 shares in the third quarter, now holding 2.9007 million shares, which accounts for 1.55% of the circulating shares. The estimated floating loss today is approximately 5.7723 million CNY [2] - Quanguo Xuyuan Three-Year Holding Period Mixed A (016709) was established on October 18, 2022, with a latest scale of 16.329 billion CNY. Year-to-date returns are 47.03%, ranking 1176 out of 8147 in its category; the one-year return is 29.26%, ranking 1954 out of 8056; and since inception, the return is 10.39% [2]

中国经济网北京11月12日讯 威腾电气(688226.SH)昨晚发布2025年度以简易程序向特定对象发行A 股股票预案显示，本次发行募集资金总额不超过人民币29,984.54万元（含本数），扣除相关发行费用后 的募集资金净额拟用于以下项目：高压母线智能制造项目、节能型变压器智能制造项目、补充流动资 金。 | | | | 序号 | 项目名称 | 项目投资总额 | 拟使用募集资金金额 | | --- | --- | --- | --- | | 1 | 高压母线智能制造项目 | 14,180.12 | 11,876.34 | | | 节能型变压器智能制造项目 | 13,381.13 | 10,608.20 | | 3 | 补充流动资金 | 7.500.00 | 7,500.00 | | | 合计 | 35,061.25 | 29,984.54 | 威腾电气公告指出，本次发行的股票种类为境内上市人民币普通股（A股），每股面值为人民币 1.00元。本次发行采用以简易程序向特定对象发行的方式，在中国证监会作出予以注册决定后10个工作 日内完成发行缴款。 本次发行的定价基准日为发行期首日。发行价格为不低于定价基准日前二十个 ...

Core Viewpoint - Weiteng Electric (688226.SH) announced a plan to issue A-shares to specific investors, aiming to raise up to RMB 299.85 million for projects including high-voltage bus intelligent manufacturing and energy-saving transformer intelligent manufacturing, as well as to supplement working capital [1][2]. Group 1: Fundraising Details - The total investment for the high-voltage bus intelligent manufacturing project is RMB 14,180.12 million, with RMB 11,876.34 million expected to be raised from this issuance [2]. - The energy-saving transformer intelligent manufacturing project has a total investment of RMB 13,381.13 million, with RMB 10,608.20 million planned to be funded through the issuance [2]. - The total amount raised for working capital is RMB 7,500 million, which will be fully covered by the issuance [2]. - The total investment for all projects combined is RMB 35,061.25 million, with the issuance expected to raise RMB 29,984.54 million [2]. Group 2: Issuance Structure - The shares will be issued as domestic listed RMB ordinary shares (A-shares) with a par value of RMB 1.00 per share [2]. - The issuance will be conducted through a simplified procedure for specific investors, with completion expected within 10 working days after the China Securities Regulatory Commission's registration decision [2][3]. - The issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3]. Group 3: Shareholder Information - The issuance targets up to 35 specific investors, including various financial institutions and qualified investors [3]. - The controlling shareholder before the issuance is Jiang Wengong, who holds 18.73% of the shares, while the actual controllers, Jiang Wengong and Jiang Zhengda, collectively control 35.81% of the shares [4]. - The issuance is not expected to change the company's control, as Jiang Wengong will remain the controlling shareholder post-issuance [4]. Group 4: Previous Fundraising - Weiteng Electric's initial public offering raised RMB 250 million, with a net amount of RMB 206 million after expenses, which was RMB 200 million less than planned [5]. - The company had previously aimed to raise RMB 406 million for various projects, including intelligent upgrades and new product development [5]. Group 5: Recent Shareholder Activities - As of March 27, 2025, Weiteng Investment and Boai Investment completed a share reduction plan, selling a total of 1,501,227 shares, amounting to approximately RMB 61.08 million [7]. - The total cash-out by the controlling shareholders and their affiliates this year amounts to RMB 146 million [8].

Core Viewpoint - Weiteng Electric (688226.SH) plans to raise up to 299.8 million yuan through a simplified procedure for a specific audience, with funds allocated for working capital and two major manufacturing projects [1] Fundraising and Investment Plans - The company intends to allocate 75 million yuan for working capital, while the remaining funds will be directed towards two projects: - High-voltage bus intelligent manufacturing project with an investment of 118.7 million yuan, expected to add an annual capacity of 196,000 kA high-voltage bus [1] - Energy-saving transformer intelligent manufacturing project with an investment of 106 million yuan, projected to increase annual capacity by 3 million kVA for dry-type transformers, 1.5 million kVA for oil-immersed transformers, and 200 box-type substations [1] Historical Fundraising Overview - The company raised a net amount of 205.8 million yuan during its initial public offering, originally planning to invest in four projects but later focused on upgrading the bus workshop and a research center, canceling the working capital and a project for 2,000 sets of intelligent medium-voltage complete switchgear [1] - In 2022, the company raised a net amount of 569.8 million yuan through a specific issuance, with adjusted investments directed towards a 5 GWh energy storage system construction (399.8 million yuan) and working capital (170 million yuan), while canceling a project for 25,000 tons of photovoltaic welding strip intelligent production [1] - The energy storage project is expected to be completed by December 2025 and has not yet generated any benefits [1]

Key Points - The article highlights various significant announcements from companies, including new projects, partnerships, and share buybacks [1][2] Group 1: Company Developments - Wald is developing diamond micro-drills for PCB board hole processing, currently in the R&D and testing phase [1] - Upwind New Materials is in the product development stage for its embodied intelligent robot business, with no mass production or large-scale sales yet [1] - Redick plans to establish a joint venture to develop components related to robotic dexterous hands and robotic joint actuators [1] Group 2: Project Investments - Tongxing Technology plans to invest 3.2 billion yuan to build a project with an annual production capacity of 100,000 tons of sodium battery anode materials and 6 GWh of battery cells [1] - Zhongjin Irradiation intends to invest in the construction of an electronic accelerator intelligent manufacturing project [1] Group 3: Contracts and Awards - China Oil Engineering has won a joint bid for the ethane and propane project in Kazakhstan [1] - Dashi Intelligent has signed a contract for the Smart Display Technology Park project [1] Group 4: Equity Acquisitions - Qin'an Co., Ltd. plans to acquire 99% of Yigao Optoelectronics for 885 million yuan [1] - Dingtong Technology intends to acquire 70% of Blue Ocean Vision for 126 million yuan [1] Group 5: Share Buybacks - Energy Guozhen plans to repurchase shares worth between 50 million and 100 million yuan [1] - Yuyuan Co., Ltd. intends to spend 200 million to 300 million yuan on share buybacks [1] - HJ Bio plans to repurchase shares worth between 100 million and 200 million yuan [1] Group 6: Shareholding Changes - Ningbo Fangzheng's controlling shareholders and actual controllers plan to reduce their holdings by up to 3% [2] - Yonggui Electric has signed a strategic framework agreement with Zhiyuan Robotics [2] - Yonghui Supermarket's private equity fund plans to reduce its holdings by no more than 1% [2]

Core Viewpoint - The company has successfully met the vesting conditions for the first vesting period of its 2023 restricted stock incentive plan, allowing 30 eligible participants to vest a total of 193,300 shares of restricted stock [1][3][4]. Summary by Sections Vesting Details - Vesting Date: October 28, 2024 - Number of Shares Vested: 193,300 shares - Number of Participants: 30 individuals - Adjusted Grant Price: 8.91 CNY per share, down from 9.06 CNY due to the completion of the 2024 equity distribution plan [1][4][5]. Compliance and Verification - The 30 participants meet the qualifications set forth by the Company Law and Securities Law of the People's Republic of China, as well as the relevant regulations for stock incentive plans [3][4][25]. - The board's compensation and assessment committee has verified the eligibility of the participants and approved the vesting list [4][26]. Legal Opinions - The law firm Shanghai Jintiancheng has confirmed that the company has obtained necessary approvals for the adjustments and vesting, and that the vesting conditions for both the first and second vesting periods have been met [7][31][32]. Financial Impact - The company will account for the costs associated with the restricted stock in accordance with accounting standards, and the vesting will not have a significant impact on the company's financial condition or operating results [5][6][29][30].

Group 1 - The company raised a total of RMB 250.38 million from its initial public offering (IPO) by issuing 39 million shares at RMB 6.42 per share, with a net amount of RMB 205.87 million after deducting issuance costs [1][2] - In 2022, the company raised RMB 578.1 million by issuing 30 million shares at RMB 19.27 per share, resulting in a net amount of RMB 569.86 million after costs [2] - As of September 30, 2025, the company had utilized RMB 202.43 million from the IPO funds, representing 98.33% of the net amount raised, with a remaining balance of RMB 9.28 million [5][6] Group 2 - The company has established a management system for the use of raised funds, ensuring compliance with relevant laws and regulations [3] - The company has adjusted its investment plans due to insufficient funds from the IPO to meet all project needs, leading to the cancellation of certain projects [10][11] - As of September 30, 2025, the company had used RMB 423.34 million from the 2022 issuance, which is 74.29% of the net amount raised, with a remaining balance of RMB 148.38 million [8][24] Group 3 - The company has temporarily used idle raised funds to supplement working capital, with RMB 55 million utilized in both 2021 and 2022, which were subsequently returned [19] - The company has engaged in cash management of idle funds, investing in low-risk financial products, with a total of RMB 1.32 billion authorized for investment [21][22] - As of September 30, 2025, the company plans to transfer the remaining balance of RMB 9.28 million from the IPO funds to its general deposit account for operational use [24] Group 4 - The company has adjusted the stock incentive plan's grant price due to dividend distributions, changing it from RMB 11.64 to RMB 11.49 per share [32][34] - The company has approved the adjustment of the 2022 stock incentive plan, which includes the granting of 200,000 shares to 76 individuals [42] - The company has confirmed that the conditions for the second vesting period of the stock incentive plan have been met, allowing for the vesting of 466,380 shares to 42 eligible individuals [57][60]

分组1 - Midea Group announced a cash dividend distribution plan for the 2025 mid-term A-shares, distributing 5 yuan per 10 shares, totaling 3.448 billion yuan [1] - Huayuan Communication is planning a change in control and will suspend trading of its stock starting November 12, 2025, for up to two trading days [2] - Shangwei New Materials reported a significant stock price increase of 1573.52% from July 9 to November 11, 2025, but its new intelligent robot business is still in the development stage and has not generated revenue [3] 分组2 - Shannon Chip announced that shareholder Shenzhen Xinlianpu pledged 1.27 million shares, accounting for 5.55% of its holdings and 0.27% of the total share capital [4] - Tianji Co., Ltd. reported that its controlling shareholder pledged 39.965 million shares for its own production and operation, representing 64.79% of its holdings and 7.97% of the total share capital [5] - ST Zhengping completed its stock trading situation review and will resume trading on November 12, 2025, with no significant changes in its production and operation [6] 分组3 - Furi Co. reported that its subsidiary Furi New Energy is facing risks of losses despite a 47.78% year-on-year increase in revenue to 168.3981 million yuan for the first three quarters of 2025 [7] - Wentai Technology announced that major shareholders reduced their holdings by 12.4443 million shares, completing the reduction plan [8] 分组4 - Anke Biotech signed a framework agreement for exclusive agency of PA3-17 injection, a CAR-T cell therapy product, in Greater China [9] - Tongxing Technology plans to invest approximately 3.2 billion yuan in a project to produce 100,000 tons of sodium-ion battery cathode materials and 6 GWh of battery cells [10] - Redik plans to establish a joint venture for the development of robotic components, with a registered capital of 100 million yuan [11] 分组5 - Haike New Source signed a strategic cooperation agreement with Kunlun New Materials for the purchase of 596,200 tons of electrolyte solvent over three years [12] - World announced that its diamond micro-drill products for PCB processing are still in the R&D phase and have not generated revenue [13] 分组6 - Xiamen Airport reported a 1.56% year-on-year increase in passenger throughput for October [14] - New City Holdings reported a 7.65% year-on-year increase in total commercial operating revenue for October [15] - Huadong Holdings announced a 0.65% year-on-year decrease in pig sales revenue for October [15] 分组7 - Keykai Technology's controlling shareholder plans to transfer 3% of its shares [15] - Zhongyou Engineering won a joint bid for a project worth approximately 3 billion yuan in Kazakhstan [15] - Weiteng Electric plans to raise no more than 300 million yuan through a private placement for smart manufacturing projects [15]

分组1 - Midea Group announced a cash dividend distribution plan for the 2025 interim A-shares, proposing a payout of 5 yuan for every 10 shares, totaling 3.448 billion yuan [2] - Huayuan Communication is planning a change in control and will suspend trading of its stock starting November 12, 2025, for up to two trading days [3] - Shangwei New Materials reported a significant stock price increase of 1573.52% from July 9 to November 11, 2025, but its new intelligent robot business is still in the product development stage and has not yet generated revenue [4] 分组2 - Shannon Chip announced that shareholder Shenzhen Xinlianpu has pledged 1.27 million shares, accounting for 5.55% of its holdings and 0.27% of the total share capital, for financing purposes [5] - Tianji Co., Ltd. disclosed that its controlling shareholder has pledged 39.965 million shares for its own production and operation, representing 64.79% of its holdings and 7.97% of the total share capital [6] - ST Zhengping completed its stock trading situation review and will resume trading on November 12, 2025, with no significant changes in its production and operation [7] 分组3 - Furi Co., Ltd. reported that its subsidiary Furi New Energy is facing a risk of losses despite a 47.78% year-on-year increase in revenue to 168.3981 million yuan for the first three quarters of 2025 [8] - Wentai Technology announced that major shareholders have reduced their holdings by 12.4443 million shares, completing the reduction plan [9] - Anke Biotech signed a framework agreement for exclusive agency of the PA3-17 injection product in Greater China, which is a CAR-T cell therapy for certain cancers [10] 分组4 - Tongxing Technology plans to invest approximately 3.2 billion yuan in a project to produce 100,000 tons of sodium-ion battery cathode materials and 6GWh battery cells [11] - Redick is collaborating with Aoyi Technology to establish a joint venture for the development of robotic components, with a registered capital of 100 million yuan [12] - Haike New Source signed a strategic cooperation agreement with Kunlun New Materials for the purchase of 596,200 tons of electrolyte solvent over a two-year period [13] 分组5 - World announced that its diamond micro-drills for PCB processing are still in the research and testing phase, with limited revenue impact [14][15] - Huadong Holdings reported a 0.65% year-on-year decline in pig sales revenue for October [16] - Keykai Technology's controlling shareholder plans to transfer 3% of its shares through an inquiry [17]

证券日报网讯 11月11日晚间，威腾电气发布公告称，威腾电气集团股份有限公司（以下简称"公司"） 于2025年11月10日召开第四届董事会第十一次会议，审议通过了公司2025年度以简易程序向特定对象发 行A股股票的相关议案。本次公司2025年度以简易程序向特定对象发行A股股票预案的披露事项不代表 审批、注册部门对本次发行相关事项的实质性判断、确认或批准，预案所述本次发行相关事项的生效和 完成尚待上海证券交易所审核同意并需经中国证券监督管理委员会同意注册。敬请广大投资者注意投资 风险。 （文章来源：证券日报） ...