Core Viewpoint - The company has made significant progress in the development and commercialization of various electric motor technologies for heavy-duty vehicles and industrial applications [1] Group 1: Electric Motor Development - The heavy-duty electric motor has transitioned from engineering application demonstration to small batch ordering phase [1] - The LNG submersible electric motor has achieved industrial operation [1] - The fracturing truck motor has been fully industrialized and is entering the petroleum drilling industry in large quantities [1] Group 2: Market Expansion - The smart motor has completed preliminary industrial application [1] - The company has effectively expanded its market influence by participating in over 10 industry conferences and exhibitions this year [1]

Company Overview - Jiadian Co., Ltd. is located in Jiamusi City, Heilongjiang Province, and was established on December 31, 1996. The company was listed on June 18, 1999. Its main business involves the manufacturing and maintenance of motors and electric pumps, as well as the development and technical services of explosion-proof electrical technology. The revenue composition is 100% from electric motors [1]. Stock Performance - As of October 22, Jiadian's stock price increased by 2.06%, reaching 12.87 CNY per share, with a trading volume of 1.90 billion CNY and a turnover rate of 2.57%. The total market capitalization is 89.44 billion CNY [1]. - Year-to-date, Jiadian's stock price has risen by 15.13%. In the last five trading days, it increased by 2.14%, and over the past 20 days, it rose by 7.34%. However, it has seen a slight decline of 0.23% over the last 60 days [1]. Financial Performance - For the period from January to June 2025, Jiadian achieved a revenue of 2.497 billion CNY, reflecting a year-on-year growth of 0.63%. However, the net profit attributable to shareholders decreased by 24.50% to 132 million CNY [2]. - Since its A-share listing, Jiadian has distributed a total of 536 million CNY in dividends, with 269 million CNY distributed over the past three years [3]. Shareholder Information - As of October 10, the number of shareholders for Jiadian is 37,600, which is an increase of 0.35% from the previous period. The average number of circulating shares per shareholder is 15,614, a decrease of 0.35% [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders [3]. Industry Classification - Jiadian is classified under the Shenwan industry category of power equipment, specifically in the motor sector. The company is associated with concepts such as nuclear power, magnetic levitation, offshore wind power, wind energy, and central enterprise reform [1].

Market Overview - The electric motor sector increased by 0.75% compared to the previous trading day, with Dayang Electric leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Dayang Electric (002249) closed at 11.48, rising by 2.96% with a trading volume of 2.67 million shares and a transaction value of 3.037 billion [1] - Other notable performers include: - Kaizhong Precision (002823) at 16.74, up 2.07% [1] - Bafang Electric (603489) at 24.88, up 1.97% [1] - Huayang Intelligent (301502) at 47.77, up 1.90% [1] - Kangping Technology (300907) at 33.04, up 1.63% [1] Fund Flow Analysis - The electric motor sector experienced a net outflow of 252 million from institutional investors, while retail investors saw a net inflow of 103 million [2] - Notable stock fund flows include: - Jiangte Electric (002176) with a net inflow of 26.04 million from institutional investors [3] - Huayi Shares (300626) with a net inflow of 24.04 million from institutional investors [3] - Zhaowei Electromechanical (003021) with a net inflow of 13.15 million from institutional investors [3]

Core Viewpoint - The company, Jiadian Co., has established itself as a leader in the special motor industry in China, focusing on technological innovation and high-value product development while aiming to enhance its market position through strategic upgrades and diversification into nuclear power business [1][6]. Technological Empowerment - Jiadian Co. has a strong reputation for its flagship products such as explosion-proof motors and high-temperature gas-cooled reactor main helium fans, reflecting its commitment to quality and advanced manufacturing techniques [1][2]. - The company has implemented a "dual headquarters" model in Jiamusi and Harbin to enhance its R&D capabilities, focusing on product engineering and cutting-edge technology research [2][3]. - Jiadian Co. emphasizes a self-research-driven approach while collaborating with academic institutions to enhance product innovation and quality, ensuring its technological advancements remain competitive [3][4]. Product and Market Development - The company offers a comprehensive range of nearly 4,000 varieties across 347 series of industrial motors, serving various sectors including petrochemicals, coal, metallurgy, and nuclear energy [4][5]. - Jiadian Co. is actively developing high-efficiency and energy-saving motors, as well as products for new fields, to adapt to market changes and enhance its product offerings [4][5]. Strategic Layout - The company operates three major production bases in Jiamusi, Suzhou, and Harbin, strategically positioned to meet market demands and facilitate its transformation [4][5]. - Jiadian Co. has launched a digital transformation initiative, including the establishment of the first high-voltage motor digital assembly workshop in the country, significantly improving production efficiency and product quality [5][6]. Collaborative Development - The company is focused on integrating its electric motor and nuclear power sectors to leverage synergies and enhance overall competitiveness in the nuclear market [6][7]. - Jiadian Co. has strengthened its market position in the nuclear sector by acquiring a 51% stake in Harbin Electric Motor, addressing competition issues and enhancing its capabilities in nuclear product offerings [6][7].

Core Viewpoint - The company, Jiadian Co., Ltd., aims to enhance its position as a leading manufacturer and service provider of electric drive systems, focusing on high-end and intelligent product development while expanding its nuclear power business for synergistic growth [1][7]. Technology Empowerment - Jiadian Co., Ltd. has established a "dual headquarters" model in Jiamusi and Harbin to enhance technological innovation, with a focus on product engineering applications and cutting-edge research [2][3]. - The company emphasizes a culture of innovation, encouraging new ideas and collaboration with research institutions to improve product quality and technological advancement [3][4]. Product and Market Development - The company’s product range includes 347 series and nearly 4000 varieties of electric motors, covering various industries such as petrochemicals, coal, metallurgy, and nuclear energy [6]. - Jiadian Co., Ltd. is actively developing high-efficiency, energy-saving, and nuclear motors to adapt to market changes and enhance product competitiveness [6][7]. Strategic Layout - The company operates three production bases in Jiamusi, Suzhou, and Harbin, strategically positioned to meet market demands and support its transformation strategy [5][6]. - Digital transformation initiatives, including the establishment of a high-pressure motor digital assembly workshop, have significantly improved production efficiency and product quality [6]. Collaborative Development - The company is focused on integrating its electric motor and nuclear power sectors to leverage competitive advantages and create new growth opportunities [7][8]. - Jiadian Co., Ltd. has strengthened its market position in the nuclear power sector by acquiring a 51% stake in Harbin Electric Motor, enhancing its competitive edge in the nuclear market [8][9].

Core Viewpoint - The company,佳电股份, asserts that its Secretary of the Board possesses extensive professional experience and capabilities, ensuring compliance with all regulatory requirements [1] Group 1 - The Secretary of the Board has been responsible for the operation of the company's three meetings, corporate governance, capital operations, investor relations management, and board construction [1] - The company expresses confidence in the Secretary's ability to fulfill their duties and create value for the company and its shareholders [1]

Core Viewpoint - Jiadian Co., Ltd. (000922) emphasizes its strategic alignment with Harbin Electric Group in the nuclear power sector, aiming to leverage its core competitive advantages and technological capabilities to support the group's strategic initiatives in this field [1] Group 1: Strategic Positioning - Harbin Electric Group has established itself as a leader in the nuclear power sector through its forward-looking, innovative, and technological strategies [1] - Jiadian Co., Ltd. plans to deeply integrate into Harbin Electric Group's overall strategic layout and actively seek business synergies [1] Group 2: Technological Capabilities - The company has accumulated valuable core technologies and engineering experience in fan design, manufacturing, and testing by successfully delivering the main helium fan for the national key technology project "High-Temperature Gas-Cooled Reactor Nuclear Power Plant Demonstration Project" [1] - This complete R&D and manufacturing system, along with its technical team, is considered a crucial asset for future opportunities related to nuclear fusion equipment demand [1] Group 3: Future Opportunities - Should there be a clear demand for the company's existing or planned motor and fan products during the industrialization process of nuclear fusion technology, the company aims to leverage synergies with its parent company and its own technological accumulation to seek participation opportunities [1] - The company will continue to monitor the development trends of fusion energy technology and conduct corresponding R&D based on market demand and its strategic goals [1]

Core Viewpoint - The company,佳电股份, has stated that it has not engaged in direct business cooperation with 雅江集团 as of October 16, and will fulfill its information disclosure obligations if any matters meet the disclosure standards [2] Group 1 - The company responded to investor inquiries on an interactive platform [2] - The company emphasized its commitment to timely information disclosure regarding any significant matters [2]

Group 1 - The company, Jiadian Co., stated that as of October 10, 2025, the total number of shareholders will be 37,612 [2]

Core Viewpoint - The Xu Wei Nuclear Power Station project is the world's first nuclear energy industrial heating project, expected to significantly change the industrial heating landscape, with an estimated revenue of around 2 billion yuan from its second phase [1] Group 1: Project Overview - The Xu Wei Nuclear Power Station is the first project globally to couple high-temperature gas-cooled reactors with pressurized water reactors, primarily focusing on heating while also supplying electricity [1] - The innovative "heat-based electricity" operation mode and two-stage steam heating technology represent a demonstration of China's third and fourth-generation nuclear power technologies [1] Group 2: Technical Details - The first phase of the Xu Wei Nuclear Power Station consists of two "Hualong One" units and one high-temperature gas-cooled reactor, which is based on China's fourth-generation independent intellectual property nuclear technology [1] - The company is the only domestic equipment manufacturer with supply achievements in high-temperature gas-cooled reactors [1] Group 3: Financial Impact - The second phase of the Xu Wei Nuclear Power Station and its specific financial data will be detailed in the company's periodic reports, indicating potential future revenue impacts [1]