Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing at 3889.35 points, above the six-month moving average, reflecting a daily increase of 0.41% [1] Group 1: Market Performance - The total trading volume of A-shares reached 21,190.10 billion yuan today [1] - A total of 145 A-shares have surpassed the six-month moving average, indicating a bullish trend [1] Group 2: Individual Stock Performance - Notable stocks with significant deviation rates above the six-month moving average include: - Zhongzhou Special Materials (300963) with a deviation rate of 12.36% and a daily increase of 20.01% [1] - Tianyi New Materials (688033) with a deviation rate of 8.13% and a daily increase of 9.13% [1] - Yinxing Energy (000862) with a deviation rate of 8.00% and a daily increase of 9.93% [1] - Other stocks with smaller deviation rates that have just crossed the six-month moving average include: - Sealing Technology (300442) with a deviation rate of 6.35% and a daily increase of 6.91% [1] - Shanghai Electric (601727) with a deviation rate of 4.10% and a daily increase of 4.36% [1]

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing above the six-month moving average, indicating a potential bullish trend in the market [1]. Group 1: Market Performance - As of 13:59 today, the Shanghai Composite Index is at 3888.05 points, with a gain of 0.38% [1]. - The total trading volume of A-shares today reached 16,282.11 billion yuan [1]. Group 2: Stocks Breaking the Six-Month Line - A total of 164 A-shares have surpassed the six-month moving average today [1]. - Notable stocks with significant deviation rates include: - Zhongzhou Special Materials (12.36%) - Changfu Co., Ltd. (10.44%) - Tianyi New Materials (9.01%) [1]. Group 3: Stock Performance Data - The following stocks have shown notable performance: - Zhongzhou Special Materials: 20.01% increase, latest price 23.39 yuan, deviation rate 12.36% [1]. - Changfu Co., Ltd.: 14.80% increase, latest price 38.32 yuan, deviation rate 10.44% [1]. - Tianyi New Materials: 10.03% increase, latest price 7.35 yuan, deviation rate 9.01% [1].

Core Viewpoint - The company, Ningxia Silver Star Energy Co., Ltd., emphasizes the integration of safety concepts throughout its production and operations, leading to record-high performance in its business operations, with a revenue of 652 million yuan and a net profit growth of 39.08% year-on-year [1][3]. Group 1: Safety and Compliance - The company has established a robust responsibility management system focused on safety and environmental protection, implementing four standardizations in safety, production, equipment, and management [3]. - The company has achieved 18 project approvals and completed 14 projects connected to the grid, focusing on distributed photovoltaic project construction [3]. Group 2: Technological Innovation and Equipment Management - The company is advancing wind power technology upgrades, with significant projects like the 95,000 kW old wind turbine renovation entering trial operation and plans for further upgrades [5]. - Equipment management has improved, with a reduction in fault loss electricity to 12.15 million kWh and a fault loss rate of 0.65%, marking a year-on-year decrease of 0.78 percentage points [5]. Group 3: Future Development and Strategic Goals - The company aims to create a new energy project matrix that integrates green electricity, old wind turbine renovations, and distributed energy solutions, focusing on low-carbon and low-cost energy models [7]. - The company has obtained 18 invention patents and 34 utility model patents, reflecting its commitment to technological innovation and talent development [7].

Core Viewpoint - Yinxing Energy (000862.SZ) currently does not have any operations in energy storage or virtual power plant businesses, and will disclose any future plans in accordance with regulatory requirements [1] Group 1 - The company confirmed on an interactive platform that it is not engaged in the construction or operation of energy storage or virtual power plant projects [1] - Yinxing Energy will fulfill its information disclosure obligations promptly if there are any related plans in the future [1]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问一下公司2025年第三、四季度有哪些新增的已正 式并网送电或将并网送电项目。2026年预计将有哪些投资项目会进行。 银星能源（000862.SZ）11月19日在投资者互动平台表示，公司正在积极推进多个项目，包括长山头、 贺兰山、太阳山风电场的以大代小改造项目以及分布式光伏项目建设。具体情况请您查阅公开披露信 息。 ...

Group 1 - The company disclosed that the number of shareholders as of the third quarter report of 2025 is 47,122 households [1]

Group 1 - The core viewpoint of the news highlights the growth in electricity generation in Ningxia Hui Autonomous Region, with a total generation of 187.5 billion kWh in September 2025, representing a year-on-year increase of 3.7% [1] - From January to September 2025, the total electricity generation reached 1,795.7 billion kWh, showing a year-on-year growth of 4.7% [1] - The breakdown of electricity generation by type for January to September 2025 indicates that thermal power accounted for 1,289.9 billion kWh (71.8% of total generation) with a 1% increase year-on-year, while hydropower decreased by 9.7% to 12.9 billion kWh (0.7% of total) [1] - Wind power generation increased by 7.1% to 212.2 billion kWh (11.8% of total), and solar power generation saw a significant rise of 24.7% to 280.72 billion kWh (15.6% of total) [1] Group 2 - The report referenced is the "2026-2032 China Energy Industry Market Research Analysis and Investment Prospects Assessment Report" published by Zhiyan Consulting [1] - The statistical data in the report is based on large-scale industrial enterprises, defined as those with annual main business income of 20 million yuan or more [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [2]

Company Overview - Silver Star Energy, established on June 28, 1998, and listed on September 15, 1998, is located in Yinchuan, Ningxia Hui Autonomous Region. The company primarily engages in renewable energy generation and equipment manufacturing, with 97.82% of its revenue coming from renewable energy generation, 1.23% from equipment manufacturing, and 0.96% from other sources [1]. Stock Performance - As of November 12, Silver Star Energy's stock price decreased by 2.07% to 6.16 CNY per share, with a market capitalization of 5.655 billion CNY. The stock has increased by 24.70% year-to-date, with a slight decline of 0.81% over the last five trading days, and increases of 4.58% and 8.45% over the last 20 and 60 days, respectively [1]. Financial Performance - For the period from January to September 2025, Silver Star Energy reported a revenue of 975 million CNY, reflecting a year-on-year growth of 4.85%. The net profit attributable to shareholders was 237 million CNY, showing a significant increase of 24.63% compared to the previous year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Silver Star Energy was 47,100, a decrease of 16.01% from the previous period. The average number of circulating shares per person increased by 19.06% to 13,326 shares [2]. Dividend History - Since its A-share listing, Silver Star Energy has distributed a total of 92.565 million CNY in dividends. However, there have been no dividend distributions in the past three years [3]. Institutional Holdings - As of September 30, 2025, among the top ten circulating shareholders, Guangfa Quantitative Multi-Factor Mixed A (005225) is the sixth largest shareholder with 4.8959 million shares, marking a new entry. Hong Kong Central Clearing Limited is the seventh largest shareholder with 4.5468 million shares, also a new entry [3].

Meeting Details - The third extraordinary general meeting of shareholders was held on November 10, 2025, at 14:30 in Yinchuan, Ningxia [3][4][6] - A total of 68 shareholders attended the meeting, representing 445,634,849 shares, which is 48.5465% of the total voting shares [8][9] Voting Results - All proposals were approved without any dissenting votes [2] - The election of the 10th Board of Directors included 5 non-independent directors and 3 independent directors, all elected through cumulative voting [13][14] Election of Non-Independent Directors - Qin Zhen, Song Jun, Wang Wenlong, Zhao Juanjuan, and Zhang Yin were elected as non-independent directors with approval rates of 99.25% [14][19][22][26][29] Election of Independent Directors - Huang Aixue, Li Zongyi, and Zhang Yuxin were elected as independent directors with approval rates of 99.25% and 99.56% [30][35][38] Legal Opinions - The legal opinions provided by Ningxia Fangheyu Law Firm confirmed that the meeting's procedures and results complied with relevant laws and regulations [40] Board Composition - The 10th Board of Directors consists of 9 members: 6 non-independent directors (including 1 employee director) and 3 independent directors [48][49] - The term of the new board is set for three years from the date of approval [49] Committees of the Board - The board has established several committees, including the ESG Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee, with specified members and chairs [50][53] Resignation of Previous Board Members - The previous board members, including Chairman Han Jing and independent directors, have completed their terms and will not continue in their roles [54]

Core Viewpoint - On November 10, 2025, Ningxia Silver Star Energy Co., Ltd. announced the election of Mr. Li Zhengke as the employee director of the company's tenth board of directors during a joint meeting of employee representatives [1] Group 1 - The company held a joint meeting of employee representatives on November 10, 2025 [1] - Mr. Li Zhengke was elected as the employee director of the company's tenth board of directors [1]