特别提示： 1、持有浙江方正电机股份有限公司（以下简称"公司"或"本公司"）5%以 上股东张敏先生计划自本公告披露之日起15个交易日后的三个月内（即2025年11 月8日至2026年2月7日）通过深圳证券交易所集中竞价和大宗交易方式减持公司 股份合计不超过14,876,157股(占本公司总股本的比例不超过3.00%)。其中，通 过集中竞价交易方式减持不超过4,958,719股（即连续90个自然日内减持股份的 总数不超过公司总股本的比例1.00%)，通过大宗交易方式减持不超过9,917,438 股(即连续90个自然日内减持股份的总数不超过公司总股本的比例2.00%)。 2、持有公司股份7,201,981股(占公司股本比例的1.45%)的公司董事长翁伟 文先生计划自本公告披露之日起15个交易日后的3个月内（即2025年11月8日至 2026年2月7日）通过深圳证券交易所集中竞价方式减持公司股份合计不超过180 万股(占本公司总股本的比例不超过0.36%)。 3、持有公司股份185,000股(占公司股本比例的0.04%)的公司高级管理人员 卢美玲女士计划自本公告披露之日起15个交易日后的3个月内（即2025年11月 ...

Core Viewpoint - The major shareholders of Fangzheng Electric (002196.SZ) plan to reduce their holdings, which may impact the company's stock performance and investor sentiment [1] Shareholder Reduction Plans - Shareholder Zhang Min intends to reduce his holdings by up to 14,876,157 shares, representing 3.00% of the company's total share capital [1] - Chairman Weng Weiwen plans to sell up to 1.8 million shares, accounting for 0.36% of the total share capital [1] - Senior executive Lu Meiling aims to reduce her holdings by up to 46,250 shares, which is 0.01% of the total share capital [1] - The reduction period is set for three months starting from 15 trading days after the announcement [1]

Market Overview - The Shanghai Composite Index closed at 3865.23 points, with a decline of 0.62% [1] - The total trading volume of A-shares reached 25,965.85 billion yuan [1] Technical Analysis - A total of 114 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hongxing Co., Ltd. with a distance of -2.60% [1] - Huayi Technology with a distance of -2.54% [1] - Top Group with a distance of -2.48% [1] Individual Stock Performance - Hongxing Co., Ltd. (001209) saw a decline of 2.11% with a trading turnover of 4.66% [1] - Huayi Technology (688071) experienced a drop of 6.84% with a trading turnover of 5.55% [1] - Top Group (601689) fell by 6.13% with a trading turnover of 2.80% [1] - Other notable declines include: - Green Harmonic (688017) down 7.05% [1] - Fangzheng Electric (002196) down 1.99% [1] - Zhongyou Technology (688648) down 5.32% [1] Additional Stock Movements - Several stocks showed minor declines, including: - ST Huayi (600360) down 0.49% [2] - Olin Biotech (688319) down 7.06% [2] - Qinchuan IoT (688528) down 1.43% [2] - Stocks with slight increases include: - Gujing (000596) up 2.81% [2]

Group 1 - Shanghai Yilian (600836) has been involved in a false statement investor compensation case, which has been accepted by the Shanghai Financial Court [1] - The company was found to have made false disclosures in its 2020 and 2021 annual reports, including failing to disclose the actual controller and significant related party transactions [1] - The false trade practices inflated the reported operating income and total profit, with the following discrepancies: - 2021: inflated by 150.26 million yuan, accounting for 18.04% of reported income and 62.15% of total profit - 2022: inflated by 95.09 million yuan, accounting for 18.49% of reported income and 152.23% of total profit - 2023: inflated by 23.33 million yuan, accounting for 4.52% of reported income and 118.15% of total profit [1] Group 2 - Attorney Xu Feng indicates that investors who purchased Shanghai Yilian stock between April 29, 2021, and February 28, 2024, may initiate claims [2] - The attorney's firm is also handling a compensation case for Fangzheng Electric (002196), which has been submitted to the Wenzhou Intermediate People's Court [2] - Fangzheng Electric was found to have unreasonable accounting estimates for "three-package fees" and improperly expanded goodwill-related asset groups, leading to inflated profits in the following years: - 2018: inflated by 7.84 million yuan - 2019: inflated by 596.45 thousand yuan - 2020: inflated by 1.79 million yuan - 2021: inflated by 231.37 thousand yuan - 2022: reduced by 8.70 million yuan [2] Group 3 - Attorney Xu Feng states that investors who bought Fangzheng Electric stock between April 29, 2019, and June 27, 2023, can also initiate claims [3] - The attorney has extensive experience in securities fraud cases, having represented nearly 200 stocks with successful outcomes and currently handling claims for around 300 stocks [3]

Market Overview - The electric motor sector experienced a decline of 1.87% on the previous trading day, with Sanxie Electric leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Xiangdian Co. (600416) saw a significant increase in its stock price, closing at 16.71 with a rise of 10.01% and a trading volume of 1.1642 million shares, amounting to 1.908 billion yuan [1] - Other notable performers included Ocean Electric (002249) with a 2.56% increase, and Jiadian Co. (000922) with a 1.27% increase [1] - Conversely, Sanxie Electric (920100) led the decline with a drop of 6.61%, closing at 70.91, with a trading volume of 35,800 shares and a turnover of 259 million yuan [2] Capital Flow - The electric motor sector experienced a net outflow of 831 million yuan from institutional investors, while retail investors contributed a net inflow of 826 million yuan [2] - The data indicates that retail investors were more active in the market, contrasting with the outflow from institutional investors [2] Individual Stock Capital Flow - Xiangdian Co. (600416) had a net inflow of 376 million yuan from institutional investors, while it faced a net outflow of 216 million yuan from speculative funds [3] - Ocean Electric (002249) reported a net inflow of 62.63 million yuan from institutional investors and a net inflow of 126 million yuan from speculative funds [3] - Jiadian Co. (000922) had a net inflow of 36.62 million yuan from institutional investors, while it faced a net outflow of 7.65 million yuan from speculative funds [3]

Market Overview - The electric motor sector experienced a significant decline of 6.36% on the previous trading day, with Wolong Electric Drive leading the drop [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Individual Stock Performance - Wolong Electric Drive (600580) saw a sharp decline of 10.01%, closing at 51.00, with a trading volume of 2.5158 million shares and a transaction value of 13.111 billion [2] - Other notable declines included: - Ocean Electric (002249) down 8.87% to 9.66, with a transaction value of 2.904 billion [2] - Jiangsu Yinli (300660) down 8.00% to 59.00, with a transaction value of 1.857 billion [2] - Fangzheng Electric (002196) down 7.69% to 9.73, with a transaction value of 731 million [2] Capital Flow Analysis - The electric motor sector saw a net outflow of 4.096 billion from institutional investors, while retail investors contributed a net inflow of 3.343 billion [2] - The table of capital flow indicates that: - Jiangnan Yifan (301023) had a net inflow of 14.2769 million from institutional investors, but a net outflow of 9.9613 million from retail investors [3] - Other stocks like Shenli Co. (603819) and Xiangdian Co. (600416) also experienced mixed capital flows, with significant retail inflows despite institutional outflows [3]

Group 1 - The electric motor sector increased by 2.23% on the previous trading day, with China Electric Motor leading the gains [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] - Notable performers in the electric motor sector included China Electric Motor with a closing price of 31.86, up 10.01%, and Wolong Electric Drive with a closing price of 56.67, up 9.61% [1] Group 2 - The electric motor sector experienced a net outflow of 1.776 billion yuan from institutional investors, while retail investors saw a net inflow of 1.643 billion yuan [2] - The individual stock performance showed significant variations, with some stocks like Huayang Intelligent and Xiangming Intelligent experiencing declines of 6.30% and 5.85% respectively [2] - The overall trading volume in the electric motor sector was substantial, with Wolong Electric Drive recording a transaction amount of 17.167 billion yuan [1][2] Group 3 - The main capital inflow and outflow data indicated that Huaxin Precision and Keli'er had net inflows of 95.446 million yuan and 60.8365 million yuan respectively, while other stocks like Jiangte Electric experienced a net outflow [3] - The data reflects a mixed sentiment among investors, with institutional investors showing a tendency to withdraw funds while retail investors continued to invest [3] - The overall market dynamics suggest a cautious approach from institutional investors amidst fluctuating stock performances in the electric motor sector [3]

Group 1 - Jiangsu Leili reached a new high during trading [1] - Dayang Electric achieved a limit-up increase [1] - Companies such as Zhaowei Electromechanical, Wolong Electric Drive, Fangzheng Electric, Jiangnan Yifan, and Weiguang Co. also saw significant gains [1]

Group 1 - The electric motor sector experienced a significant rally on September 16, with Jiangsu Leili reaching a new high during trading [1] - Dayang Electric achieved a limit-up increase, indicating strong market performance [1] - Other companies such as Zhaowei Electromechanical, Wolong Electric Drive, Fangzheng Electric, Jiangnan Yifan, and Weiguang Co. also saw notable gains [1]

Group 1 - The resignation of non-independent director Huang Chengwei was due to adjustments in the company's governance structure, but he will continue to serve as the board secretary [2][3] - Huang Chengwei's original term was set from July 29, 2024, to April 10, 2026, and his resignation will not affect the board's legal number of members [2] - Huang Chengwei was elected as the employee representative director during the employee representative meeting held on September 15, 2025, ensuring the governance structure remains intact [3] Group 2 - The board meeting on September 15, 2025, was held with all nine directors present, and the resolutions passed were deemed legal and effective [8][9] - The board approved the appointment of Shen Xiaoxia as a member of the audit committee and Huang Chengwei as a member of the strategy committee, both for the duration of the current board's term [9][10] Group 3 - The company held its second extraordinary general meeting on September 15, 2025, with a total of 503 shareholders or their proxies present, representing 99,899,609 shares, which is 20.1463% of the total voting shares [22] - The meeting approved several resolutions, including the election of Shen Xiaoxia as a director and amendments to the company's articles of association, with overwhelming support from shareholders [23][24][25]