Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by a shareholder of Beijing Yihua Technology Co., Ltd., indicating a decrease in the shareholder's stake in the company [1]. Group 1: Shareholder Reduction Plan - The shareholder, Zhou Zhuqing, initially held 280,000 shares, representing 0.12% of the total share capital, and planned to reduce holdings by up to 70,000 shares, or 0.03% of the total share capital [1]. - As of the announcement date, the reduction plan has been fully executed, with Zhou Zhuqing having sold 70,000 shares, leaving a total of 210,000 shares held, which is now 0.09% of the total share capital [1]. Group 2: Reduction Details - The reduction took place between July 22, 2025, and July 31, 2025, through centralized bidding, with a price range of 22.71 to 23.75 yuan per share [1]. - The total amount from the reduction was approximately 1,611,821.96 yuan, confirming that the actual reduction matched the previously disclosed plan [1].

Core Viewpoint - The company Yihua Tong (02402) announced a share reduction plan by shareholder Zhou Zhuqing, who intends to reduce her holdings by up to 70,000 shares, representing 0.03% of the total share capital [1] Summary by Relevant Sections - Shareholder Information - As of the announcement date, shareholder Zhou Zhuqing held 280,000 shares, accounting for 0.12% of the company's total share capital and 0.14% of the A-share capital [1] - Reduction Plan Details - The shareholder plans to reduce her holdings by a maximum of 70,000 shares, which is not more than 0.03% of the company's total share capital [1] - Implementation Results - As of the announcement date, the reduction plan has been fully implemented, with the shareholder having reduced her holdings by 70,000 shares, leaving her with 210,000 shares, which now accounts for 0.09% of the company's total share capital [1]

Core Viewpoint - Yihua Technology (02402) announced a share reduction plan by shareholder Zhou Zhuqing, intending to reduce holdings by up to 70,000 shares, representing 0.03% of the total share capital [1] Summary by Relevant Sections Shareholder Reduction Plan - As of the announcement date, shareholder Zhou Zhuqing held 280,000 shares, accounting for 0.12% of the company's total share capital and 0.14% of the A-share total [1] - The reduction plan was fully implemented, with Zhou Zhuqing successfully reducing holdings by 70,000 shares, leaving a total of 210,000 shares held, which is 0.09% of the total share capital [1]

（在中華人民共和國註冊成立的股份有限公司） （股份代號：2402） 海外監管公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲 載 列 北 京 億 華 通 科 技 股 份 有 限 公 司（「 本公司 」）於 上 海 證 券 交 易 所 網 站 (www.sse.com.cn)所刊發的公告，僅供參考。 承董事會命 北京億華通科技股份有限公司 董事長 中國，北京 2025年8月1日 於 本 公 告 日 期，本 公 司 董 事 會 成 員 包 括 執 行 董 事 張 國 強 先 生、宋 海 英 女 士 及 戴東哲女士；非執行董事宋峰先生；獨立非執行董事紀雪洪先生、陳素權先生及 李志杰先生；及職工代表董事張紅黎女士。 证券代码：688339 证券简称：亿华通 公告编号：2025-040 北京亿华通科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容 ...

证券代码：688339 证券简称：亿华通 公告编号：2025-040 北京亿华通科技股份有限公司 股东减持股份结果公告 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。 一、减持主体减持前基本情况 1 上述减持主体无一致行动人。 二、减持计划的实施结果 （一）相关股东因以下事项披露减持计划实施结果： 减持计划实施完毕 重要内容提示： 公司于 2025 年 6 月 30 日披露了《北京亿华通科技股份有限公司股东减 持股份计划公告》（公告编号：2025-038），截至该公告披露日，公司股东周竹青 女士持有北京亿华通科技股份有限公司（以下简称"公司"）股份 280,000 股（占 公司总股本的 0.12%，占公司 A 股总股本的 0.14%）。该股东计划减持其所持有的 公司股份合计数量不超过 70,000 股,即不超过公司总股本的 0.03%。 减持计划的实施结果情况：截至本公告披露日，上述减持计划已实施完 毕，该股东实际减持股份 70,000 股，其当前持有公司股份 210，000 股，占公司 总股本的 0.09%。 ...

亿华通公告，公司股东周竹青女士减持计划已实施完毕，2025年7月22日至2025年7月31日通过集中竞价 减持70000股，减持价格区间22.71～23.75元/股，减持总金额161.18万元，占公司总股本0.03%。当前持 股21万股，占公司总股本0.09%。 ...

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 34.062 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 4.184 billion yuan [1] - A total of 242 stocks saw net inflows, while 345 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 341 stocks rose, with two stocks, Ruikeda and Shenlian Biological, hitting the daily limit, while 241 stocks declined [1] - The stocks with the highest net inflows included Gaoce Co., Ltd. with 107.17 million yuan, followed by Jinpan Technology and Shanghai Yizhong with 89.50 million yuan and 89.26 million yuan respectively [2] Continuous Fund Flow - There are 39 stocks that have seen continuous net inflows for more than three trading days, with Kexin Co., Ltd. leading at eight consecutive days of inflow [2] - Conversely, 194 stocks have experienced continuous net outflows, with ST Yifei leading at 15 consecutive days of outflow [2] Key Stocks with Fund Inflows - The top stocks by net inflow include: - Gaoce Co., Ltd. (107.17 million yuan, 16.58% inflow rate, 1.91% increase) [2] - Jinpan Technology (89.50 million yuan, 7.08% inflow rate, 6.89% increase) [2] - Shanghai Yizhong (89.26 million yuan, 9.54% inflow rate, 7.79% increase) [2] Key Stocks with Fund Outflows - The stocks with the highest net outflows include: - Dongxin Co., Ltd. (816 million yuan, 11.37% decrease) [1] - Hanwujing and Lankai Technology with net outflows of 411 million yuan and 391 million yuan respectively [1]

Core Viewpoint - The hydrogen fuel cell vehicle industry in China is currently in its early commercialization stage, with production and sales experiencing growth from 2021 to 2023, but facing a decline in 2024 due to the expiration of supportive policies and high industry costs [12][13]. Group 1: Overview of Hydrogen Storage Bottles - Hydrogen storage bottles are essential components of hydrogen fuel cell vehicles, primarily categorized into four types: Type I (all-metal), Type II (metal liner with fiber winding), Type III (metal liner with full fiber winding), and Type IV (non-metal liner with full fiber winding) [2][3]. - The majority of hydrogen storage bottles used in vehicles are Type III and IV, with Type III bottles currently dominating the market at 98% share in 2024 [19]. Group 2: Market Trends and Sales - The market for hydrogen storage bottles in China saw an increase in shipments from 2021 to 2023, but is projected to decline in 2024, with an estimated shipment of approximately 43,000 units, a year-on-year decrease of 12% [17]. - In the first five months of 2025, production and sales of hydrogen fuel cell vehicles were 1,176 and 1,122 units respectively, reflecting a year-on-year decline of 25% and 26.14% [13][15]. Group 3: Industry Structure and Competition - Over 20 companies are engaged in the research and production of hydrogen storage bottles in China, with a highly concentrated market structure where the top three companies hold 69% of the market share, an increase of 2 percentage points from 2023 [21]. - The leading companies in the hydrogen storage bottle market include Zhongcai Technology, Aoyang Green Energy, and Guofu Hydrogen Energy, each with a market share exceeding 20% [23]. Group 4: Future Development Trends - The industry is expected to see a shift towards higher pressure hydrogen storage bottles, with 70 MPa bottles becoming more common, while Type IV bottles are anticipated to gain traction due to their advantages in weight, pressure, and hydrogen storage efficiency [25]. - The development of standards for hydrogen storage bottles is expected to be enhanced, ensuring safety and reliability, which will facilitate the commercialization of hydrogen fuel cell vehicles [25].

Core Viewpoint - The establishment of the Hebei Hydrogen Energy Society marks a significant step in promoting the hydrogen energy industry in Hebei Province, integrating resources from universities, enterprises, and research institutions to enhance research and application of hydrogen technologies [2][4][5]. Group 1: Establishment of Hebei Hydrogen Energy Society - The Hebei Hydrogen Energy Society was officially established with approval from the Hebei Provincial Civil Affairs Department and the Hebei Provincial Association for Science and Technology, led by Yihua Tong and involving key local universities and enterprises [2][4]. - The society aims to serve the overall development of the hydrogen energy industry in Hebei, integrating intellectual resources from local universities and research institutions to create a high-level research and communication platform [5]. Group 2: Leadership and Objectives - Zhang Guoqiang, Chairman of Yihua Tong, was elected as the first president of the society, which will coordinate the development of the hydrogen energy industry and promote the commercialization of hydrogen fuel cell vehicles in Zhangjiakou [4][5]. - The society is expected to play a crucial role in the transformation of hydrogen energy technology and its application, leveraging Hebei's strong industrial base and policy advantages [4].

Investment Rating - Industry investment rating is "Overweight" [1] Core Viewpoints - The report highlights a new round of market momentum driven by advancements in robotics, particularly in humanoid robots, with a projected global demand of approximately 2 million units by 2030 [4][19] - Key recommended stocks include Xinjie Electric, Beite Technology, Hanwei Technology, Zhaowei Electromechanical, Hengli Hydraulic, and Nuwei Co., among others [2][4] - The report emphasizes the importance of tracking the humanoid robot sector, which is entering a critical growth phase [3][4] Summary by Sections Humanoid Robots - The humanoid robot industry is expected to see significant growth, with major projects and partnerships emerging, such as the procurement project by China Mobile for humanoid biped robots worth 124 million [9][19] - Companies like Tesla and Figure are ramping up production, with Figure planning to increase its humanoid robot output by three times in the upcoming months [10][19] Photovoltaic Equipment - The report notes an accelerated penetration of N-type technology, enhancing the competitive edge of leading companies in the sector [20] - It suggests focusing on companies that are innovating in cost-reduction technologies and expanding production capacity [20] Energy Storage - The energy storage sector is poised for growth due to favorable policies and increasing demand from both generation and user sides [20] - Key players in this space include companies involved in lithium battery systems and integrated storage solutions [20] Semiconductor Equipment - The semiconductor equipment market is projected to reach 140 billion by 2030, with a growing share from domestic manufacturers [4][20] Automation - The automation market is expected to grow significantly, with a market size of approximately 40 billion, projected to reach 55.7 billion by 2026 [4][20] Hydrogen Energy - The report highlights the potential of green hydrogen in achieving carbon neutrality, with a focus on companies that have integrated hydrogen production capabilities [21] Engineering Machinery - The report suggests monitoring leading companies in the engineering machinery sector, emphasizing those with product, scale, and cost advantages [4][20]