Core Viewpoint - The actual controller of Jingjin Electric Technology Co., Ltd., Mr. Yu Ping, has completed a share reduction plan, resulting in a slight decrease in his total shareholding percentage in the company [1][4]. Group 1: Shareholding Structure - Before the reduction plan, Mr. Yu Ping directly held 828,418 shares, accounting for 0.1404% of the total share capital. The controlling shareholder, Heze Beixiang New Energy Technology Co., Ltd., held 69,677,522 shares, representing 11.8053% of the total share capital. Other shareholders include Heze Saiyou Lize Investment Management Center (Limited Partnership) with 9,391,250 shares (1.5911%) and Best E-Drive L.P. with 15,562,417 shares (2.6367%) [1]. - Mr. Yu Ping, directly and through Heze Beixiang, Saiyou Lize, and Best E, controlled a total of 95,459,607 shares, which is 16.1735% of the company [1]. Group 2: Share Reduction Plan Implementation - The share reduction plan was disclosed on August 12, 2025, with Mr. Yu Ping intending to reduce his holdings by up to 207,105 shares, or 0.0351% of the total share capital, due to personal financial needs [2]. - As of December 2, 2025, Mr. Yu Ping had reduced his holdings by 12,664 shares, which is 0.00215% of the total share capital. The reduction plan period has now ended, and he did not complete the full intended reduction [2][3]. - After the reduction, Mr. Yu Ping's total controlled shares decreased to 95,446,943, resulting in a new control percentage of 16.1714% [4].

Group 1 - The core point of the article is that the actual controller of the company, Yu Ping, has reduced his shareholding by approximately 12,700 shares, which accounts for 0.00215% of the company's total share capital, due to personal reasons [1] Group 2 - The share reduction was conducted through centralized bidding and was part of a planned reduction that has now reached its deadline [1] - Yu Ping did not complete the planned reduction during the specified period due to personal reasons [1]

实际控制人减持股份计划期间届满暨减持股份结 果公告 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： 证券代码：688280 证券简称：精进电动 公告编号：2025-075 精进电动科技股份有限公司 | 股东名称 | 余平 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | √是 | □否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | √是 | □否 | | | 其他：无 | | | | 持股数量 | 828,418股 | | | | 持股比例 | 0.1404% | | | | 当前持股股份来源 | 其他方式取得：828,418股 | | | 一、减持主体减持前基本情况 | 股东名称 | 菏泽北翔 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | √是 | □否 | | | 直接持股 5%以上股东 | √是 | □否 ...

Group 1 - The core point of the article is that Jingjin Electric has reported its shareholder count as of November 30, 2025, which stands at 17,968 households [1]

Core Insights - The electric drive system is a critical component of new energy vehicles, responsible for converting electrical energy into mechanical energy, directly influencing vehicle performance, energy efficiency, and reliability [1][14][15] - The market for electric drive systems in China is experiencing explosive growth, with the market size projected to increase from 17.1 billion yuan in 2019 to 151.45 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 54.69% [1][14] - The development of the electric drive system industry is closely linked to the overall prosperity of the new energy vehicle sector, which is expected to continue expanding as the industry moves towards scale and intelligence [1][14] Industry Overview - The electric drive system consists of three main components: the drive motor, controller, and reducer, which are essential for the vehicle's power output and efficiency [5][7] - The electric drive system is categorized into four types based on motor configuration: single motor drive, dual motor drive, hub motor drive, and wheel-side motor drive [6][7] Industry Policies - The Chinese government has implemented a series of supportive policies to promote the development of new energy vehicles and their core components, including electric drive systems [8][9] - Recent initiatives include the Jilin Province's action plan for high-quality development of new energy and intelligent connected vehicles, focusing on key technologies such as high-energy, high-safety batteries and efficient electric drive systems [8][9] Industry Chain - The electric drive system industry chain includes upstream raw material suppliers (e.g., steel, aluminum alloys), midstream system assembly suppliers, and downstream new energy vehicle manufacturers [9][10] Market Growth and Trends - The production of new energy vehicles in China has surged from 340,500 units in 2015 to 12.888 million units in 2024, with a CAGR of 49.74% [13][15] - The electric drive system installation in new energy passenger vehicles is expected to reach 7.758 million units in 2024, a year-on-year increase of 41.72% [15] Key Companies - Major players in the electric drive system industry include Huichuan Technology, Times Electric, Wolong Electric Drive, and Jingjin Electric [2][16] - Wolong Electric Drive Group focuses on the research, production, and sales of motors and controls, with a projected revenue of 9.066 billion yuan in 2024, a decrease of 6% [16][17] - Jingjin Electric Technology is a leading domestic company in electric drive systems, with a revenue of 969 million yuan in the first half of 2025, a year-on-year increase of 78.84% [17][18] Future Development Trends - The integration of electric drive systems is expected to evolve from a "three-in-one" configuration to a more comprehensive "multi-in-one" approach, enhancing efficiency and reducing weight [19] - The industry is moving towards high-voltage platforms (800V and above) to meet fast charging demands, with silicon carbide (SiC) power modules becoming increasingly important [20] - Continuous optimization of electric drive system efficiency will focus on innovative design, materials, and control technologies to minimize energy consumption across all operational scenarios [21]

Core Insights - The stock of Jingjin Electric increased by 2.78% on November 11, with a trading volume of 163 million yuan [1] - The company reported a significant increase in revenue and net profit for the first nine months of 2025, indicating strong growth in its core business [2] Financing and Trading Activity - On November 11, Jingjin Electric had a financing buy-in amount of 24.75 million yuan, with a net financing buy of 14.01 million yuan [1] - The total financing and securities balance for Jingjin Electric reached 139 million yuan, accounting for 3.01% of its market capitalization, which is above the 70th percentile of the past year [1] - There were no short sales or repayments on November 11, indicating a high level of demand for the stock [1] Company Overview - Jingjin Electric, established on February 25, 2008, and listed on October 27, 2021, specializes in the research, production, sales, and services of electric drive systems [1] - The company's main revenue sources include 94.75% from electric drive systems for new energy vehicles, 4.58% from technology development and services, and 0.68% from waste material sales [1] Shareholder Information - As of September 30, Jingjin Electric had 18,200 shareholders, an increase of 1.64% from the previous period [2] - The average number of circulating shares per shareholder decreased by 1.62% to 28,530 shares [2] Financial Performance - For the period from January to September 2025, Jingjin Electric achieved a revenue of 1.802 billion yuan, representing a year-on-year growth of 96.07% [2] - The net profit attributable to the parent company was 83.55 million yuan, reflecting a year-on-year increase of 121.62% [2]

证券代码：688280 证券简称：精进电动 公告编号：2025-074 精进电动科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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法律责任。 重要内容提示： 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 11 月 26 日（星期三）至 12 月 02 日（星期二）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 tzzgx@jjeglobal.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。 精进电动科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发 布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 12 月 03 日（星期三） 11:00-12:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次 ...

Group 1 - The core viewpoint of the news is that Jingjin Electric experienced a decline in stock price and trading volume on November 6, with a net financing outflow, indicating potential investor caution [1] - On November 6, Jingjin Electric's stock fell by 1.76%, with a trading volume of 159 million yuan. The financing buy amount was 12.63 million yuan, while the financing repayment was 15.04 million yuan, resulting in a net financing outflow of 2.40 million yuan [1] - As of November 6, the total margin balance for Jingjin Electric was 120 million yuan, which represents 2.58% of its market capitalization, indicating a relatively high level compared to the past year [1] Group 2 - As of September 30, the number of shareholders for Jingjin Electric increased to 18,200, a rise of 1.64% from the previous period, while the average circulating shares per person decreased by 1.62% to 28,530 shares [2] - For the period from January to September 2025, Jingjin Electric reported a revenue of 1.802 billion yuan, reflecting a year-on-year growth of 96.07%. The net profit attributable to shareholders was 83.55 million yuan, marking a year-on-year increase of 121.62% [2]

Group 1 - The core transaction on November 4 involved a block trade of 375,000 shares of Jinjing Electric-UW, with a transaction value of 2.775 million yuan, at a price of 7.40 yuan, representing a discount of 17.96% compared to the closing price of the day [2][4] - Over the past three months, Jinjing Electric-UW has recorded a total of 8 block trades, with a cumulative transaction value of 71.6452 million yuan [3] - The closing price of Jinjing Electric-UW on the day of the report was 9.02 yuan, reflecting a slight increase of 0.22%, with a daily turnover rate of 5.37% and a total trading volume of 256 million yuan [3] Group 2 - The latest margin financing balance for Jinjing Electric-UW is 12.9 million yuan, which has increased by 5.17 million yuan over the past five days, marking a growth of 4.16% [4] - The main capital outflow for Jinjing Electric-UW on the reporting day was 16.2954 million yuan, with a total net outflow of 22.9783 million yuan over the past five days [3]

Group 1 - The company Jingjin Electric conducted a block trade of 375,000 shares on November 4, with a transaction value of 2.775 million yuan, accounting for 1.07% of the total trading volume for the day [1] - The transaction price was 7.4 yuan, which represents a discount of 17.96% compared to the market closing price of 9.02 yuan [1]