Core Insights - The wind power equipment sector experienced a rise of 1.17% on November 13, with Hewei Electric leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Hewei Electric (603063) closed at 32.17, with a gain of 5.23% and a trading volume of 466,200 shares, amounting to a transaction value of 1.484 billion [1] - Changyou Technology (301557) closed at 102.80, up 4.44%, with a trading volume of 11,000 shares [1] - Jixin Technology (601218) closed at 5.99, gaining 2.74% with a trading volume of 1,334,800 shares [1] - Goldwind Technology (002202) closed at 15.35, up 2.47%, with a trading volume of 898,400 shares [1] - Other notable stocks include Tiensun Wind Power (002531) and Daqian Heavy Industry (002487), with respective gains of 1.50% and 1.39% [1] Capital Flow - The wind power equipment sector saw a net outflow of 66.1885 million from institutional investors, while retail investors contributed a net inflow of 249 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Hewei Electric experienced a net inflow of 18.7 million from institutional investors but saw a net outflow of 112 million from speculative funds [3] - Daqian Heavy Industry had a net inflow of 57.5975 million from institutional investors, while speculative funds saw a net outflow of 41.7643 million [3] - Jixin Technology had a net inflow of 21.1361 million from institutional investors, with a net outflow of 39.1975 million from speculative funds [3]

Core Viewpoint - The stock of Electric Wind Power has shown significant volatility, with a year-to-date increase of 106.11%, but recent declines in the short term raise questions about future performance [1][2]. Company Overview - Electric Wind Power, established on September 7, 2006, and listed on May 19, 2021, is based in Xuhui District, Shanghai. The company specializes in the design, research and development, manufacturing, and sales of wind power generation equipment, along with aftermarket services [1]. - The revenue composition of the company includes 92.60% from product sales, 5.29% from service provision, 1.42% from electricity sales, and 0.68% from other sources [1]. Financial Performance - For the period from January to September 2025, Electric Wind Power reported a revenue of 4.262 billion yuan, reflecting a year-on-year growth of 35.96%. However, the net profit attributable to shareholders was -732 million yuan, a decrease of 53.51% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 153 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Electric Wind Power increased by 38.54% to 41,400, while the average circulating shares per person decreased by 27.82% to 32,218 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 11.7149 million shares, a reduction of 413,100 shares from the previous period. Additionally, Southern CSI 1000 ETF is a new fifth-largest shareholder with 4.8789 million shares [3]. Market Activity - The stock price of Electric Wind Power rose by 2.04% to 18.55 yuan per share, with a trading volume of 177 million yuan and a turnover rate of 0.73%. The total market capitalization stands at 24.733 billion yuan [1]. - The stock has appeared on the daily trading leaderboard ten times this year, with the most recent appearance on September 23, where it recorded a net purchase of 36.2308 million yuan [1].

Group 1 - The stock price of Shanghai Electric Wind Power fell by 5.19% to 18.28 CNY per share, with a trading volume of 326 million CNY and a turnover rate of 1.29%, resulting in a total market capitalization of 24.373 billion CNY [1] - Shanghai Electric Wind Power, established on September 7, 2006, and listed on May 19, 2021, specializes in the design, research and development, manufacturing, and sales of wind power generation equipment, as well as providing aftermarket services [1] - The company's revenue composition includes 92.60% from product sales, 5.29% from service provision, 1.42% from electricity sales, and 0.68% from other sources [1] Group 2 - Huatai Bairui Fund has one fund heavily invested in Shanghai Electric Wind Power, with the Kexin 200 (588230) holding 441,000 shares, accounting for 1.19% of the fund's net value, making it the sixth-largest holding [2] - The Kexin 200 fund was established on December 16, 2024, with a current scale of 858 million CNY and has achieved a year-to-date return of 52.14%, ranking 519 out of 4216 in its category [2] Group 3 - The fund manager of Kexin 200 is Li Muyang, who has been in the position for 4 years and 311 days, managing total assets of 29.856 billion CNY, with the best fund return during his tenure being 145.13% and the worst being -34.5% [3]

Core Viewpoint - The stock of Electric Wind Power has experienced a decline of 2.07% on November 11, with a current price of 18.88 CNY per share, despite a year-to-date increase of 109.78% [1] Group 1: Stock Performance - As of November 11, Electric Wind Power's stock price is 18.88 CNY, with a market capitalization of 25.173 billion CNY [1] - The stock has seen a net outflow of 13.6756 million CNY in principal funds, with significant buying and selling activity [1] - Year-to-date, the stock has risen by 109.78%, but has declined by 3.58% over the last five trading days [1] Group 2: Financial Performance - For the period from January to September 2025, Electric Wind Power reported revenue of 4.262 billion CNY, a year-on-year increase of 35.96%, but a net profit loss of 732 million CNY, a decrease of 53.51% compared to the previous year [2] - The company has not distributed any dividends in the last three years, with a total payout of 153 million CNY since its A-share listing [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Electric Wind Power has increased by 38.54% to 41,400 [2] - The average number of circulating shares per shareholder has decreased by 27.82% to 32,218 shares [2] - Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 11.7149 million shares, a decrease of 413,100 shares from the previous period [3]

Core Insights - The company reported a total of 8,397.85 MW in new orders as of September 30, 2025, representing a year-on-year increase of 17.49% [1] - The cumulative backlog of orders reached 22,200.20 MW, which is a 52.41% increase compared to the same period last year [1] - Among the total orders, 3,512.05 MW are awarded but not yet contracted, while 3,592.45 MW are still pending contract signing [1]

Core Viewpoint - The company is committed to high-quality development, focusing on core business operations while expanding market scale and enhancing technological innovation capabilities [1] Group 1 - The management team aims to improve operational management comprehensively, enhancing the quality and efficiency of operations [1] - The company implements performance-based assessments for its management, with a focus on value contribution as the guiding incentive target [1] - A scientific and effective incentive and constraint mechanism has been established to support the management's performance [1]

Core Viewpoint - The wind power equipment sector experienced a slight increase of 0.07% on November 7, with N Delijia leading the gains, while the overall stock indices showed a decline [1]. Market Performance - The Shanghai Composite Index closed at 3997.56, down 0.25% - The Shenzhen Component Index closed at 13404.06, down 0.36% [1]. Individual Stock Performance - N Delijia (603092) saw a significant increase of 51.07%, closing at 70.52 with a trading volume of 238,600 shares and a transaction value of 1.85 billion - Haile Wind Power (301155) increased by 4.22%, closing at 88.60 with a trading volume of 55,800 shares and a transaction value of 494 million - Electric Wind Power (688660) rose by 3.29%, closing at 20.10 with a trading volume of 330,500 shares and a transaction value of 666 million - Other notable performers include Mingyang Smart Energy (601615) up 1.74% and Shuangyi Technology (300690) up 1.67% [1]. Capital Flow Analysis - The wind power equipment sector saw a net inflow of 197 million from institutional investors, while retail investors experienced a net outflow of 597 million - Speculative funds had a net inflow of 400 million [2]. Detailed Capital Flow for Key Stocks - N Delijia had a net inflow of 502.1 million from institutional investors, accounting for 27.12% of its trading volume, while retail investors had a net outflow of 755 million, representing 40.82% - Mingyang Smart Energy recorded a net inflow of 95.28 million from institutional investors, with a net outflow of 56.95 million from retail investors [3].

Group 1 - The core viewpoint of the news is that Shanghai Electric Wind Power has seen a significant increase in its stock price, rising by 5.4% to 20.51 CNY per share, with a trading volume of 336 million CNY and a market capitalization of 27.347 billion CNY [1] - Shanghai Electric Wind Power, established on September 7, 2006, and listed on May 19, 2021, specializes in the design, research and development, manufacturing, and sales of wind power generation equipment, as well as providing aftermarket services [1] - The company's revenue composition is primarily from product sales (92.60%), followed by service provision (5.29%), electricity sales (1.42%), and other supplementary income (0.68%) [1] Group 2 - From the perspective of fund holdings, Penghua Fund has a significant position in Shanghai Electric Wind Power, with the Penghua Science and Technology Innovation Board 200 ETF holding 145,300 shares, accounting for 1.16% of the fund's net value, making it the sixth-largest holding [2] - The Penghua Science and Technology Innovation Board 200 ETF, established on February 13, 2025, has a current scale of 290 million CNY and has achieved a return of 33.91% since inception [2] - The fund manager, Yu Zhanchang, has been in position for 3 years and 25 days, overseeing assets totaling 14.818 billion CNY, with the best fund return during his tenure being 64.36% and the worst being -3.47% [2]

Core Points - The announcement details the resignation of Ms. Qin Lei as the securities affairs representative due to work relocation, effective upon the delivery of her resignation report to the board [1] - The board of directors convened on November 6, 2025, and unanimously approved the appointment of Mr. Yan Zhiwei as the new securities affairs representative [1] Group 1 - Ms. Qin Lei submitted her resignation on November 6, 2025, which is effective immediately [1] - The board held a temporary meeting on the same day to discuss and approve the appointment of Mr. Yan Zhiwei [1] - Mr. Yan Zhiwei's resume is attached to the announcement, indicating his qualifications and current roles within the company [4][5] Group 2 - Mr. Yan Zhiwei is currently the head of the securities affairs department and the deputy head of the strategic investment department [5] - His educational background includes a master's degree in science and he holds the title of senior economist [4]

Group 1 - The company announced the appointment of Mr. Yan Zhiwei as the representative for securities affairs [1]