Group 1 - The core viewpoint of the news is that Jingjin Electric has experienced fluctuations in its stock performance and financing activities, indicating a mixed market sentiment towards the company [1][2] Group 2 - On December 23, Jingjin Electric's stock price fell by 0.60%, with a trading volume of 81.56 million yuan [1] - The financing data shows that on the same day, the company had a financing buy-in amount of 7.94 million yuan and a financing repayment of 8.99 million yuan, resulting in a net financing outflow of 1.05 million yuan [1] - As of December 23, the total balance of margin trading for Jingjin Electric was 119 million yuan, which accounts for 2.74% of its market capitalization, indicating a low financing balance compared to the past year [1] - In terms of securities lending, Jingjin Electric repaid 3,600 shares on December 23, with no shares sold, and the remaining securities lending balance was 17,400 shares, which is at a high level compared to the past year [1] Group 3 - As of December 20, the number of shareholders for Jingjin Electric was 17,800, an increase of 0.86% from the previous period, while the average circulating shares per person decreased by 0.85% to 29,163 shares [2] - For the period from January to September 2025, Jingjin Electric achieved an operating income of 1.802 billion yuan, representing a year-on-year growth of 96.07%, and a net profit attributable to the parent company of 83.55 million yuan, up 121.62% year-on-year [2]

Group 1 - The company, Jingjin Electric, reported that as of December 20, 2025, the number of shareholders is 17,849 [2]

Group 1 - The company, Jingjin Electric, announced that as of the date of the announcement, it has no overdue guarantees and is not involved in any litigation related to guarantees [1]

（一） 担保的基本情况 证券代码：688280 证券简称：精进电动 公告编号：2025-076 精进电动科技股份有限公司 关于为控股子公司提供担保的公告 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： | | | 被担保人名称 | | | 精进电动科技（菏泽）有限公司 | | --- | --- | --- | --- | --- | --- | | | | 本次担保金额 | | | 4,900.00 万元 | | 担 保 象 | 对 | 实际为其提供的担保余额 | | | 14,195.13 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 担保对象及基本情况 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 | 16,195.13 | | 子公司对外担保总额（万元） | | | 对外担保总额占 ...

Group 1 - The core point of the article is that Jingjin Electric has reported its shareholder count as of December 10, 2025, which stands at 17,697 households [1]

Core Insights - The automotive reducer industry in China has established a complete and closely coordinated industrial chain, with upstream focusing on raw materials and core components, midstream dominated by international giants like BorgWarner, and local companies like Jingzhu Technology and Shuanghuan Transmission gaining significant market share in mainstream and new energy segments [1][6][10] - The market is experiencing steady growth, closely tied to the explosive growth of the automotive industry, particularly in new energy vehicles (NEVs), with local companies making rapid advancements through technological breakthroughs [1][9][10] - Future developments in the industry will focus on deep technological iterations, industry consolidation, and ecological collaboration, with products evolving towards high-speed, low-noise, lightweight, and integrated designs [1][10][14] Industry Overview - Automotive reducers are key components in the automotive transmission system, responsible for reducing speed and increasing torque to provide suitable driving power [2][3] - The industry is characterized by a tight integration of upstream and downstream sectors, with a strong emphasis on localization and integration [6][9] Market Dynamics - The demand for automotive reducers is driven by the rapid growth of the passenger vehicle market, particularly electric and hybrid models, which require lightweight and high-efficiency products [6][7] - In the commercial vehicle sector, the demand for reducers is focused on heavy load and high reliability, with structural upgrades driven by the rise of automatic transmissions and new energy vehicles [7][9] Competitive Landscape - The competitive landscape is marked by a clear stratification, with international giants dominating the high-end market while local companies rapidly rise in the mid-range and NEV segments [10][11] - Key players include Shuanghuan Transmission, Jingzhu Technology, and others, who are establishing themselves as core suppliers for NEV gears [10][12] Future Trends - The industry is expected to evolve along three main directions: technological iteration focusing on precision and integration, industry consolidation with a focus on high-end breakthroughs by local brands, and ecological collaboration emphasizing standardization and cross-industry integration [10][14] - The adoption of advanced materials and manufacturing techniques will drive the development of high-speed, low-noise, and lightweight reducers, with a significant shift towards integrated electric drive systems [12][13]

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]