Core Insights - The Tonghuashun Fruit Index concept rose by 1.95%, ranking second among concept sectors, with 15 stocks increasing in value, led by Changying Precision, Dongshan Precision, and Xunwei Communication, which rose by 9.16%, 6.80%, and 5.74% respectively [1][2] - The sector experienced a net inflow of 2.72 billion yuan, with 17 stocks receiving net inflows, and 5 stocks exceeding 100 million yuan in net inflow, with Luxshare Precision leading at 1.06 billion yuan [2][3] Stock Performance - The top-performing stocks in the Tonghuashun Fruit Index included: - Luxshare Precision: +3.41% with a net inflow rate of 11.61% [3][4] - Industrial Fulian: +4.10% with a net inflow rate of 3.86% [3] - Changying Precision: +9.16% with a net inflow rate of 9.14% [3] - Dongshan Precision: +6.80% with a net inflow rate of 5.79% [3] - Lens Technology: +1.22% with a net inflow rate of 8.29% [3] Sector Comparison - The top concept sectors by daily performance included: - Racehorse concept: +1.95% - Duty-free shops: +1.72% - Guangdong Free Trade Zone: +1.50% - Medical e-commerce: +1.38% - CPO (Co-Packaged Optics): +1.27% [2]

证券日报网讯 11月25日晚间，珠海冠宇发布公告称，公司于2025年11月25日召开职工代表大会，经与 会职工代表表决通过，同意选举付小虎先生为公司第二届董事会职工代表董事。 ...

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-097 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 2025年第二次临时股东大会决议公告 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 11 月 25 日 （二） 股东大会召开的地点：珠海市斗门区井岸镇顺宇路 1 号行政楼 301 会议 室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 180 | | --- | --- | | 普通股股东人数 | 180 | | 2、出席会议的股东所持有的表决权数量 | 610,366,621 | | 普通股股东所持有表决权数量 | 610,366,621 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 54.4039 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 54.4039 | 注：截至本 ...

北京市中伦（深圳）律师事务所 关于珠海冠宇电池股份有限公司 2025 年第二次临时股东大会的 法律意见书 二〇二五年十一月 北京市中伦（深圳）律师事务所 关于珠海冠宇电池股份有限公司 2025 年第二次临时股东大会的 法律意见书 为出具本法律意见书，本所委派律师（以下简称"本所律师"）出席了公司 本次股东大会现场会议，审查了公司提供的与本次股东大会有关的文件和材料。 公司已向本所保证，公司已向本所披露一切足以影响本法律意见书出具的事实， 并提供了本所为出具本法律意见书所要求公司提供的原始书面材料、副本材料、 复印材料、电子数据材料、承诺函或证明，并无隐瞒记载、虚假陈述和重大遗漏 之处；公司提供给本所的文件和材料是真实、准确、完整和有效的，且文件材料 为副本、复印件、电子文件的，其与原件一致和相符。 在本法律意见书中，本所律师仅对本次股东大会的召集、召开程序、出席会 - 1 - 法律意见书 议人员和召集人资格、会议表决程序及表决结果是否符合《公司法》《股东会规 则》等法律、法规、规范性文件及《公司章程》的规定发表意见，不对会议审议 的议案内容以及该等议案所表述的事实或数据的真实性及准确性发表意见。 本所律师同意 ...

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-098 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 关于董事调整暨选举职工代表董事及董事会专门委 员会委员的公告 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 珠海冠宇电池股份有限公司（以下简称"公司"）于 2025 年 11 月 25 日 召开 2025 年第二次临时股东大会，审议通过《关于取消监事会、变更注册资本、 修订<公司章程>并办理工商变更登记的议案》，公司不再设置监事会，董事会成 员中应包含一名职工代表董事。同日，公司收到董事付小虎先生的辞职报告，并 分别召开了职工代表大会和董事会，分别选举付小虎先生为第二届董事会职工代 表董事、审计委员会委员及战略委员会委员。本次调整后，付小虎先生由第二届 董事会非职工代表董事变更为职工代表董事，公司第二届董事会成员及专门委员 会成员构成不变。 一、董事离任情况 | (一)提前离任的基本情况 | | -- ...

Core Viewpoint - The significant growth in Zhuhai Guanyu's Q3 2025 performance is attributed to the company's focus on its core business, effective customer share enhancement, and ongoing refined operations that control costs [1] Group 1: Financial Performance - In the first three quarters, Zhuhai Guanyu achieved total revenue of 10.321 billion, a year-on-year increase of 21.18% [1] - The net profit attributable to shareholders reached 387 million, reflecting a year-on-year growth of 44.37% [1] - The net profit for Q3 alone was 270 million, marking a substantial year-on-year increase of 62.49% [1] Group 2: Business Focus and Strategy - The company is concentrating on the consumer electronics sector while also focusing on low-voltage lithium batteries for automobiles and drone batteries [1][2] - Zhuhai Guanyu aims to explore high-rate soft-pack batteries for various applications and is cautiously considering opportunities in high-voltage automotive power batteries and energy storage [1][2] - The company is actively engaging with leading firms in the wearable market, leveraging its lightweight, high-energy-density battery products suitable for smart devices [2] Group 3: Supply Chain and Inventory Management - The increase in accounts receivable is primarily due to business expansion, reflecting a positive market response [3] - Inventory growth indicates the company's proactive approach to meet customer demand, with ongoing optimization of inventory management [3] - The company maintains that overall risk is controllable, with no significant issues related to excess or unsold inventory [3]

| 证券代码：688772 | 证券简称：珠海冠宇 | 公告编号：2025-096 | | --- | --- | --- | | 转债代码：118024 | 转债简称：冠宇转债 | | 珠海冠宇电池股份有限公司 关于对外担保的进展公告 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。 （一） 担保的基本情况 重要内容提示： 为满足全资子公司重庆冠宇电池有限公司（以下简称"重庆冠宇"）的生产 经营需要，2025 年 11 月 20 日，珠海冠宇电池股份有限公司（以下简称"公司"） 与中国银行股份有限公司重庆綦江支行签署最高额保证合同，为重庆冠宇向前述 银行申请融资提供不超过人民币 6 亿元的最高额连带责任保证担保。 （二） 内部决策程序 本次担保事项已经公司第二届董事会第二十六次会议及 2024 年年度股东大 会先后审议通过。具体内容详见公司于 2025 年 3 月 31 日在上海证券交易所网站 （www.sse.com.cn）披露的《关于 2025 年度对外担保额度预计的公告》等相关 公告。 | 担 方 | 保 | 被 保方 ...

Core Insights - The report from Guosen Securities indicates that the domestic wind power installation is expected to maintain a growth rate of 10%-20% in 2026, supported by saturated orders and stable prices [1][2] - The profitability of wind turbine manufacturers is improving quarterly, with export growth boosting performance, reflecting a synchronized recovery in both domestic and international markets [2] - The report emphasizes the importance of overseas expansion and AIDC (Artificial Intelligence Data Center) as key focus areas for 2026, with major domestic power equipment companies making breakthroughs in overseas markets and innovative products [1] Wind Power Sector - The wind turbine sector is experiencing a recovery in profitability, with significant growth in offshore wind installations and tenders, leading to increased orders and performance for related companies [2] - Key companies to watch in the wind power sector include Goldwind Technology, Sany Renewable Energy, Times New Materials, Daikin Heavy Industries, Oriental Cable, and Haile Wind Power [2] Lithium Battery Industry - The lithium battery supply chain is expected to see a reversal in the downward price trend, with significant recovery in profitability anticipated for most products in 2026 [2] - New technologies such as steel-shell batteries, silicon anodes, and large energy storage cells are expected to achieve mass supply in 2026, while solid-state battery technology is accelerating towards industrialization [2] - Recommended companies in the lithium battery sector include CATL, EVE Energy, Zhongchuang Innovation, Zhuhai Guanyu, Tianci Materials, Enjie, Dingsheng Technology, and Xiamen Tungsten [2] Energy Storage Market - The electrification transition is driving explosive growth in the global energy storage market, with domestic market demand leading to a surge in storage orders [3] - The demand for large-scale energy storage in the U.S. is increasing due to power supply shortages, while unstable grid conditions in Europe are also boosting storage needs [3] - Companies to focus on in the energy storage sector include CATL, EVE Energy, Sungrow Power, and Deye [3] Photovoltaic Sector - The photovoltaic supply side is undergoing adjustments, with new technologies such as silver-free materials and perovskite layers gaining attention [3] - The profitability of silicon materials is expected to recover, with silver-free products nearing mass production by 2026 [3] - Key companies in the photovoltaic sector include GCL-Poly Energy, Xinte Energy, Tongwei Co., and Juhua Materials [3] Investment Recommendations - The report suggests focusing on new technology investment opportunities, such as solid-state batteries and flexible converters [3] - Emphasis is placed on overseas expansion and performance improvement for leading companies in lithium batteries and wind turbine components [3] - Long-term beneficiaries in green electricity alternatives include secondary distribution equipment and charging pile operations [3]

Market Performance - The Tonghuashun Fruit Index concept fell by 2.76%, ranking among the top declines in concept sectors as of the close on November 14 [1] - The leading gainers in concept sectors included Hainan Free Trade Zone (+4.63%) and Horse Racing Concept (+1.65%), while the National Big Fund Holdings and Storage Chips saw declines of -3.07% and -2.94% respectively [1] Capital Flow - The Tonghuashun Fruit Index concept experienced a net outflow of 4.089 billion yuan, with 18 stocks seeing net outflows and 9 stocks exceeding 100 million yuan in outflows [1] - The stock with the highest net outflow was Industrial Fulian, with a net outflow of 1.760 billion yuan, followed by Dongshan Precision, Lens Technology, and Changdian Technology with net outflows of 425 million yuan, 388 million yuan, and 365 million yuan respectively [1] Notable Stocks - The stocks with significant net inflows included Wentai Technology and Zhuhai Guanyu, with net inflows of 131 million yuan and 15.35 million yuan respectively [2] - The top stocks in the outflow list included Industrial Fulian (-5.47%), Dongshan Precision (-4.24%), and Lens Technology (-4.32%) [1][2]

Core Viewpoint - The General Aviation ETF managed by E Fund (159255) opened with a decline of 0.50%, priced at 1.003 yuan, indicating a negative market sentiment towards the sector [1] Group 1: ETF Performance - The General Aviation ETF (159255) has a performance benchmark based on the National General Aviation Industry Index return [1] - Since its establishment on July 25, 2025, the ETF has yielded a return of 0.67%, while its return over the past month has been -5.01% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include Wan Feng Ao Wei, which opened down 0.66%, Hongdu Aviation down 0.24%, and Aerospace Rainbow down 0.14% [1] - Other notable declines include Zhongzhi Shares down 0.19%, Zhuhai Guanyu down 0.85%, Huali Chuantong down 1.08%, Yingliu Shares down 0.94%, Nanjing Power Technology down 0.83%, Ruichuang Weina down 0.55%, and China Satellite down 0.90% [1]