Core Viewpoint - The company, Hezhan Energy, has acknowledged that low temperatures in northern regions may impact the production of mixed towers, but it has accounted for these temperature effects in its production goals and scheduling, ensuring that all operational activities are proceeding normally [1] Group 1 - The production base for mixed towers is located in northern regions, where low temperatures can have a certain impact on production [1] - The company has considered temperature effects when formulating production targets and scheduling plans for mixed towers [1] - All production operations are reported to be functioning normally despite the temperature considerations [1]

（编辑 袁冠琳） 证券日报网讯 和展能源11月19日在互动平台回答投资者提问时表示，公司作为深耕风电混塔设备领域 的企业，始终将"产品安全"与"设计优化"作为核心目标，聚焦行业对混塔结构"计算精准度、合规可靠 性"的核心关切，通过自主研发的混凝土塔架自动化计算软件，可以筑牢风电混塔产品安全与品质，将 为产品设计筑牢技术基石，也将为大规模混塔应用时代提供技术支撑。 ...

和展能源（000809.SZ）11月17日在投资者互动平台表示，目前没有出让铁岭财京股权的计划，且公司 现金流比较充足。 每经AI快讯，有投资者在投资者互动平台提问：请问铁岭财京38%股权今年能完成出让以改善现金流 吗？ （记者 王瀚黎） ...

Market Overview - The real estate development sector increased by 0.54% on November 5, with Hezhan Energy leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Top Gainers - Hezhan Energy (000809) closed at 3.73, up 10.03% with a trading volume of 533,300 shares and a transaction value of 192 million [1] - Yingxin Development (000620) closed at 3.30, up 10.00% with a trading volume of 5,713,200 shares and a transaction value of 1.836 billion [1] - Zhu Tu Group (600185) closed at 6.91, up 5.66% with a trading volume of 1,315,600 shares and a transaction value of 913 million [1] Top Losers - Hefei Urban Construction (002208) closed at 11.80, down 5.07% with a trading volume of 1,006,700 shares and a transaction value of 1.202 billion [2] - China Wuyi (000797) closed at 3.26, down 4.68% with a trading volume of 2,017,700 shares and a transaction value of 665 million [2] - ST Sunshine (000608) closed at 2.21, down 4.33% with a trading volume of 360,700 shares and a transaction value of 80.88 million [2] Capital Flow - The real estate development sector experienced a net outflow of 741 million from institutional investors and 103 million from speculative funds, while retail investors saw a net inflow of 844 million [2][3] - Hezhan Energy had a net inflow of 63.63 million from institutional investors, while it faced a net outflow of 26.48 million from speculative funds [3] - The overall capital flow indicates a mixed sentiment in the real estate sector, with retail investors showing more confidence compared to institutional and speculative investors [2][3]

Market Overview - As of October 30, the Shanghai Composite Index closed at 3986.90 points, down 0.73%, while the Shenzhen Component Index closed at 13532.13 points, down 1.16%, and the ChiNext Index closed at 3263.02 points, down 1.84% [1] Trading Activity - A total of 2071 stocks saw an increase in average transaction volume, with 58 stocks experiencing a rise of over 50% in average transaction volume. Conversely, 2490 stocks saw a decrease in average transaction volume [1] - Notable stocks with significant increases in average transaction volume include Yaguang Co., Hezhan Energy, and Nanshan Holdings, which showed substantial growth [1] Active Stocks - The following stocks had the highest increases in average transaction volume: - Yaguang Co. (603282) with a daily increase of 9.99% and a 348.58% increase in average transaction volume [1] - Hezhan Energy (000809) with a daily increase of 10.13% and a 266.76% increase in average transaction volume [1] - Nanshan Holdings (002314) with a daily increase of 10.00% and a 250.31% increase in average transaction volume [1] Transaction Volume and Count - 21 stocks had both average transaction volume and transaction count increase by over 50% [1] - Notable stocks with significant increases in transaction count include: - Pingtan Development (000592) with a daily increase of 6.62% and a transaction count increase of 9169.66% [1] - Shiyong Zhaoye (002016) with a daily decrease of 1.82% but a transaction count increase of 999.51% [1] - Delong Energy (000593) with a daily increase of 10.02% and a transaction count increase of 867.58% [1]

Core Viewpoint - Hezhang Energy's stock price has shown a positive trend with a year-to-date increase of 8.17%, indicating investor interest and potential growth in the renewable energy sector [2] Group 1: Stock Performance - As of October 30, Hezhang Energy's stock rose by 4.75%, reaching 3.31 CNY per share, with a total market capitalization of 2.73 billion CNY [1] - The stock has increased by 2.48% over the last five trading days, 9.24% over the last 20 days, and 11.82% over the last 60 days [2] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 11, where it recorded a net buy of -37.44 million CNY [2] Group 2: Financial Performance - For the period from January to September 2025, Hezhang Energy reported a revenue of 103 million CNY, reflecting a year-on-year growth of 20.80% [2] - The company recorded a net profit attributable to shareholders of -49.91 million CNY, which is a 36.36% increase compared to the previous year [2] Group 3: Business Overview - Hezhang Energy, established on November 5, 1996, and listed on June 16, 1998, focuses on the development of renewable energy and related industries [2] - The company's main business revenue composition includes 89.27% from mixed tower business and 10.73% from leasing business [2] - Hezhang Energy is categorized under the real estate sector, specifically in residential development, and is associated with concepts such as undervalued stocks and small-cap stocks [2] Group 4: Shareholder Information - As of October 20, the number of shareholders for Hezhang Energy was 22,300, a decrease of 5.44% from the previous period [2] - The average number of circulating shares per shareholder increased by 5.76% to 37,039 shares [2] Group 5: Dividend Information - Hezhang Energy has cumulatively distributed 66.44 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]

Core Viewpoint - The wind power equipment sector experienced a short-term surge, with significant stock price increases for several companies, indicating positive market sentiment in the renewable energy industry [1] Company Summaries - Zhan Energy saw a direct limit-up in stock price, reflecting strong investor confidence and market demand for wind energy solutions [1] - New Strong Union's stock rose over 7%, showcasing its competitive position within the wind power equipment market [1] - Other companies such as Goldwind Technology, Tianneng Heavy Industry, Zhonghuan Haulu, and Yunda Co. also experienced stock price increases, indicating a broader positive trend across the sector [1]

Core Viewpoint - The company reported its third-quarter financial results, highlighting significant revenue from mixed tower, new energy, and engineering contracting businesses, while also detailing project progress and future expectations [5][11]. Financial Performance - The company achieved operating revenue of 102.69 million yuan, primarily from mixed tower, new energy, and engineering contracting businesses [5]. - The engineering contracting business generated revenue of 14.22 million yuan, with an expected total of approximately 68 million yuan for 2025 [11]. Project Updates - Mixed Tower Business: - The company is working on multiple projects, including: - The Mingyang Zhangjiakou Chabei project, with a total contract value of 109.2 million yuan, has delivered 10 out of 28 sets of steel mixed towers as of September 30, 2025, with full delivery expected by December 2025 [5]. - The China Electric Power Construction Group Daxing'anling project, valued at 27.6 million yuan, has completed all deliveries of 8 sets of steel mixed towers [6]. - The Mudanjiang Linkou project, with a contract value of 177.12 million yuan, is expected to complete the delivery of 54 sets of steel mixed towers by the end of 2026 [6]. - The Changtu Runrong project has completed production of 17 sets of steel mixed towers, with 3 already delivered [6]. - The Tieling Diaobingshan project is pending contract signing, expected by December 2025 [7]. - New Energy Business: - The Henan 50MW integrated project has been delayed to February 2026 due to procedural issues [9]. - The Handan Yongnian 50MW wind power acquisition project has generated revenue of 5.17 million yuan, with an expected annual revenue of approximately 32 million yuan [9]. - The Kulunqi 300,000 kW integrated project is in the planning stages, with an investment of 1.3 billion yuan and expected to commence production by the end of 2026 [9]. - The acquisition of a 51% stake in Alashan Liyuan New Materials is expected to generate approximately 28 million yuan in revenue for 2025 [10][11]. Corporate Governance - The board of directors confirmed the authenticity and completeness of the quarterly report, with all members present during the meeting [14]. - The third-quarter financial report has not been audited [13].

Core Viewpoint - Hezhan Energy (000809.SZ) reported a net loss of 14.49 million yuan in the third quarter of 2025 despite a revenue increase of 22.02% year-on-year [1] Financial Performance - The company achieved a revenue of 91.18 million yuan in the third quarter, marking a year-on-year growth of 22.02% [1] - For the first three quarters, Hezhan Energy reported a total revenue of 103 million yuan, reflecting a year-on-year increase of 20.80% [1] - The net loss for the first three quarters amounted to 49.91 million yuan [1]

Group 1 - The core point of the article is that Hezhang Energy (000809.SZ) reported its Q3 2025 financial results, showing a revenue increase but also a net loss [1] Group 2 - In Q3, the company achieved an operating income of 91.1758 million yuan, representing a year-on-year growth of 22.02% [1] - The net loss for Q3 was 14.4942 million yuan [1] - For the first three quarters, the company reported a total operating income of 103 million yuan, which is a year-on-year increase of 20.80% [1] - The net loss for the first three quarters amounted to 49.91 million yuan [1]