Core Viewpoint - The company, Dayang Electric (002249.SZ), has signed a partnership agreement with Beijing Shanghe Momentum Private Fund Management Co., Ltd. and other limited partners, committing to invest 30 million RMB in a fund, which will enhance its strategic layout in the robotics industry and strengthen partnerships with quality enterprises in the sector [1] Investment Details - The investment amount is 30 million RMB, sourced from the company's own funds [1] - The partnership agreement was signed on December 1, 2025 [1] Strategic Implications - This external investment is aimed at achieving further industrial synergy [1] - The investment will help the company improve its strategic cooperation with high-quality enterprises in the robotics industry [1]

中山大洋电机股份有限公司 证券代码：002249 证券简称： 大洋电机 公告编号： 2025-123 中山大洋电机股份有限公司 关于对外投资产业基金的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、对外投资概述 为进一步深化产业协同，借助专业机构的能力与资源优势，在立足主业的同时适度 进行新兴产业股权投资，以提升公司对新兴产业的洞察力，推进产业与资本的有效融合， 中山大洋电机股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日与北京上河动量 私募基金管理有限公司（以下简称"上河动量"、"普通合伙人"）及其他有限合伙人 签署了《嘉兴上河古宗股权投资合伙企业（有限合伙）合伙协议》（以下简称"《合伙 协议》"、"本协议"）。嘉兴上河古宗股权投资合伙企业（有限合伙）（以下简称"上 河古宗"或"合伙企业"）目标认缴规模为人民币 10,315 万元，公司作为有限合伙人使 用自有资金出资 3,000 万元人民币认购合伙企业的基金份额。公司本次投资不存在对合 伙企业实施控制或共同控制的情形，亦不存在对合伙企业产生重大影响的情形。 根据《深圳证券交易所股 ...

Market Overview - The electric motor sector experienced a decline of 2.55% on the trading day, with Dayang Electric leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Dayang Electric (002249) closed at 10.81, down 4.08%, with a trading volume of 1.3759 million shares and a transaction value of 1.503 billion [1] - Other notable declines included Jiangsu Yinli (300660) down 3.59%, Mingzhi Electric (603728) down 3.22%, and Wolong Electric Drive (600580) down 3.04% [1] Capital Flow - The electric motor sector saw a net outflow of 885 million from institutional investors, while retail investors contributed a net inflow of 844 million [1] - The table of capital flow indicates that major stocks like Huayi Intelligent (301502) and Xiangming Intelligent (301226) experienced negative net inflows from institutional investors [2]

Market Overview - The electric motor sector increased by 1.58% compared to the previous trading day, with China Electric Motor leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Top Performers - China Electric Motor (603988) closed at 25.95, up 5.15% with a trading volume of 106,500 shares and a turnover of 279 million yuan [1] - Wolong Electric Drive (600580) closed at 43.06, up 3.63% with a trading volume of 1,009,400 shares and a turnover of 4.328 billion yuan [1] - Ananda (603350) closed at 38.19, up 2.88% with a trading volume of 16,400 shares and a turnover of 6.221 million yuan [1] Underperformers - Bafang Electric (603489) closed at 32.21, down 4.99% with a trading volume of 96,500 shares and a turnover of 314 million yuan [2] - Kangping Technology (300907) closed at 30.50, down 2.93% with a trading volume of 37,900 shares and a turnover of 117 million yuan [2] - Huari Technology (300626) closed at 14.61, down 2.08% with a trading volume of 167,000 shares and a turnover of 245 million yuan [2] Capital Flow - The electric motor sector saw a net inflow of 244 million yuan from institutional investors, while retail investors experienced a net outflow of 61.81 million yuan [2][3] - Wolong Electric Drive had a net inflow of 379 million yuan from institutional investors, but a net outflow of 140 million yuan from retail investors [3] - China Electric Motor had a net inflow of 10.76 million yuan from institutional investors, with retail investors showing a net outflow of 13.73 million yuan [3]

Core Viewpoint - The stock of Dayang Motor has shown significant volatility, with a year-to-date increase of 99.79% and a recent surge of 11.03% over the past five trading days, despite a decline of 8.22% over the last 20 days [1] Group 1: Company Overview - Dayang Motor, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province, and specializes in micro-special motors, electric drive systems for new energy vehicles, starters, generators, and magnetic materials [2] - The company's revenue composition includes 60.99% from building and household motors, 26.56% from starters and generators, 11.62% from new energy vehicle powertrains, and 0.80% from other sources [2] - As of October 31, the number of shareholders for Dayang Motor reached 212,300, an increase of 6.51% from the previous period, with an average of 8,618 circulating shares per person, a decrease of 6.12% [2] Group 2: Financial Performance - For the period from January to September 2025, Dayang Motor reported a revenue of 9.18 billion yuan, reflecting a year-on-year growth of 3.81%, while the net profit attributable to shareholders was 845 million yuan, marking a 25.95% increase [2] - The company has distributed a total of 4.092 billion yuan in dividends since its A-share listing, with 1.394 billion yuan distributed over the past three years [3] Group 3: Stock Market Activity - On November 27, Dayang Motor's stock price rose by 2.08% to 11.27 yuan per share, with a trading volume of 1.019 billion yuan and a turnover rate of 4.98%, resulting in a total market capitalization of 27.681 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" five times this year, with the most recent instance on November 26, where it recorded a net purchase of 120 million yuan [1]

Group 1 - The core viewpoint of the news is that Dayang Electric (002249.SZ) experienced a trading surge, hitting the daily limit with a turnover rate of 9% and a transaction volume of 1.75 billion yuan [1] - The net buying from various trading seats amounted to 120 million yuan, with significant contributions from retail investors and specific trading desks [1] - The top buying seat was "Zhongshan Road" with a net purchase of 80.59 million yuan, followed by "Quantitative Board" with 94.25 million yuan [1] Group 2 - The trading data indicates that the "Deep Stock Connect" had a net sell of 43.4 million yuan, contrasting with the net buying from retail investors [1] - The total buying from the top five trading seats accounted for 18.82% of the total transaction volume, highlighting the active participation of institutional and retail investors [2] - The trading activity reflects a strong interest in Dayang Electric, suggesting potential investment opportunities in the company [1][2]

Group 1 - Aolide plans to raise no more than 300 million yuan through a simplified procedure for issuing shares to specific targets, with net proceeds allocated to the production base project for OLED display core materials and to supplement working capital [1] - Wanbang's subsidiary has obtained a 10-year exclusive agency for sildenafil oral suspension, which is suitable for patients with swallowing difficulties [2] - Titan Technology and its affiliate plan to jointly invest in increasing capital for its subsidiary, Micro Detection, raising its registered capital from 10 million yuan to 50 million yuan [3] Group 2 - Jindike will not issue new batches of quadrivalent influenza virus split vaccine this year, having produced approximately 1.56 million doses [4] - Aladdin intends to purchase 35% equity of Youke for 61.25 million yuan, funded by its own or raised capital [5] - Gujia Home's application for a private placement of A-shares has been approved by the Shanghai Stock Exchange [7] Group 3 - Honghe Technology's application for a private placement of A-shares has been approved by the China Securities Regulatory Commission [9] - Guangdian Yuntong has won contracts totaling 308 million yuan for the construction of an artificial intelligence application pilot base [10] - Shanghai Mechanical plans to repurchase B-shares worth no more than 278 million yuan [11] Group 4 - Weiling Co. is planning a change of control, with shares representing 7.76% of the total being transferred [14] - Jiugang Hongxing intends to invest 200 million yuan to establish a wholly-owned subsidiary focusing on high-quality special steel materials [16] - Zhongjian Technology has submitted an application for H-share listing [17] Group 5 - Sainuo Medical has received registration approval for its coronary product in Pakistan [18] - Huafeng Aluminum plans to acquire 100% equity of Huafeng Puen for 100 million yuan [20] - Fuda Co. intends to establish a wholly-owned subsidiary with an investment of 30 million yuan [22] Group 6 - Su Yan Jingshen's application for a private placement of shares has been approved by the Shanghai Stock Exchange [24] - Zhongchuang Co. has set the inquiry transfer price at 25.75 yuan per share [25] - Jinpu Garden has had a lawsuit involving 26.557 million yuan accepted by the court [29] Group 7 - ICBC has approved the appointment of Zhao Guid as vice president [30] - Betta Pharmaceuticals has had its drug registration application for ensartinib accepted [32] - Times New Materials plans to invest 6 million euros to establish a wholly-owned subsidiary in Serbia [34] Group 8 - China State Construction has appointed Chen Yong as vice president [36] - Dayang Electric plans to invest 10 million yuan to establish an industrial fund [38] - Advanced Digital has appointed Liu Zhigang as deputy general manager [39] Group 9 - Tianqi Co. plans to transfer 7% equity of Youqi Intelligent for 130 million yuan [40] - Xinguo has submitted an application for H-share issuance and listing [42] - Jinhongshun's shareholder has terminated a share reduction plan [43] Group 10 - Wanrun Co.'s actual controller plans to increase shareholding between 365 million yuan and 730 million yuan [44] - Suzhou High-tech plans to sell 47% equity of its medical device subsidiary for 604 million yuan [45] - Huayou Cobalt's subsidiary has signed a product supply agreement with Yiwei Lithium Energy for approximately 127,800 tons of materials [47] Group 11 - China Communications has won 10 important projects totaling approximately 2.539 billion yuan [49] - Nopushin plans to raise no more than 1.45 billion yuan through a private placement [50] - Yun Aluminum plans to acquire minority stakes in three subsidiaries for a total of 2.267 billion yuan [51] Group 12 - Xiamen Tungsten plans to establish a 500 million yuan merger fund with multiple parties [52] - Aotewei has signed a contract worth approximately 700 million yuan [54] - Hemai Co.'s shareholders plan to reduce their holdings by no more than 3% [56]

Core Viewpoint - Dayang Electric experienced a trading halt with a daily turnover rate of 9.00%, a transaction amount of 1.75 billion, and a fluctuation of 10.51% [2] Trading Activity - The stock was listed on the Dragon and Tiger list due to a daily price deviation of 9.66%, with institutional net selling of 31.08 million and net selling from the Shenzhen Stock Connect of 43.40 million [2] - The top five trading departments accounted for a total transaction of 538 million, with a buying amount of 329 million and a selling amount of 209 million, resulting in a net buying of 12 million [2] - Among the trading departments, three institutional special seats were present, with a total buying amount of 53.84 million and a selling amount of 84.91 million, leading to a net selling of 31.08 million [2] Fund Flow - The stock saw a net inflow of 473 million from main funds today, with a significant single net inflow of 448 million and a large single net inflow of 2.55 million [3] - Over the past five days, the main fund net inflow totaled 270 million [3] - As of November 25, the margin trading balance was 1.29 billion, with a financing balance of 1.28 billion and a securities lending balance of 2.65 million [3] - In the last five days, the financing balance decreased by 88.14 million, a decline of 6.43%, while the securities lending balance increased by 233,700, an increase of 9.69% [3]

Core Insights - The electric motor sector experienced a rise of 1.06% on the previous trading day, with Dayang Electric leading the gains [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Electric Motor Sector Performance - Dayang Electric (002249) closed at 11.04, up 9.96%, with a trading volume of 1.6465 million shares and a transaction value of 1.75 billion [1] - Fangzheng Electric (002196) closed at 14.19, up 6.37%, with a trading volume of 1.4258 million shares and a transaction value of 1.978 billion [1] - Other notable performers include: - Kangping Technology (300907) at 34.38, up 3.90% [1] - Zhongdian Electric (603988) at 24.88, up 3.19% [1] - Jiangsu Leili (300660) at 47.66, up 1.12% [1] Capital Flow Analysis - The electric motor sector saw a net inflow of 471 million from institutional investors, while retail investors experienced a net outflow of 333 million [2] - The main stocks with significant capital inflow include: - Dayang Electric with a net inflow of 452.1 million [3] - Fangzheng Electric with a net inflow of 88.03 million [3] - Wolong Electric Drive (600580) with a net inflow of 77.76 million [3] Individual Stock Capital Flow - Dayang Electric had a net inflow of 452.1 million, accounting for 25.80% of the total [3] - Fangzheng Electric had a net inflow of 88.03 million, representing 4.45% [3] - Wolong Electric Drive had a net inflow of 77.76 million, making up 3.00% [3]

Group 1 - Four companies have received court approval for restructuring investments [2] - Aowannianqing's product, Zhongzubei Dingchuan Wan, focuses on treating respiratory issues [2] - Beida Pharmaceutical has expanded its business scope to include both chemical synthesis and biopharmaceuticals [2] - Zhongheng Group's subsidiary acquired a technology for treating chronic heart failure for 55 million yuan [2] - Huaren Health is focused on the pharmaceutical distribution industry, with Alibaba Health as a significant shareholder [2] - Haiwang Biological is one of the largest national pharmaceutical commercial enterprises in China [2] - Fuyuan Pharmaceutical's Lansoprazole enteric-coated capsules have been approved for registration [2] - People's Tongtai is the largest pharmaceutical commercial company in Heilongjiang Province [2] - Yinghe Group is a regional leader in pharmaceutical distribution in Zhejiang Province [2] - Ruikang Pharmaceutical has completed special item approval for the import of Evusheld, a COVID-19 prevention drug [2] - Jindike is one of the first companies to achieve the approval and sale of quadrivalent influenza vaccines [2] Group 2 - Dairong has completed the transfer of shares with Zhongdao Chenying [3] - Boyong Generation is a leader in the domestic ETC chip field [3] - Wantong Development plans to invest 854 million yuan to acquire a 62.98% stake in Shudu Technology [3] - Mingwei Electronics collaborates with major manufacturers for chip production [3] - Qipilong is a leading Chinese men's clothing brand [3] - Dongxin Co. is one of the few companies in mainland China providing complete solutions for NAND, NOR, and DRAM chips [3] - The National Space Administration has issued a plan to promote the high-quality development of commercial aerospace [3] - Sanwei Tiandi has clients including China Aerospace for its digital inspection and testing management services [3] - Leike Defense has developed a comprehensive satellite application business [3] - Tianqimo has sufficient orders for its aviation parts business [3] Group 3 - The implementation plan to enhance the adaptability of supply and demand for consumer goods has been issued [4] - Maoye Commercial is a retail market leader in Hohhot [4] - Jialinjie is a leader in functional fabrics for outdoor sports [4] - Xueqi Electric specializes in the production of refrigerators and commercial display cabinets [4] - Guangbai Co. is the largest department store chain in Guangzhou [4] - Mengjie Co. has launched the first children's home textile brand in the industry [4] - Juran Smart Home has signed a strategic cooperation agreement following the chairman's passing [4] - Haixin Food is a leading company in the frozen fish ball market [4] - Sanjiang Shopping is the largest local supermarket chain in Zhejiang Province [4] - Jiangxi Province's first listed company in the commercial circulation industry is Guoguang Chain [4] Group 4 - The company is a leading e-commerce platform for liquor, with various brand partnerships [5] - Shiji Group plans to acquire a 95% stake in Fujian Shuchuan Ming Shang for 184.6 million yuan [5] - Laizhi Group specializes in new materials for construction additives [5] - Dahua Intelligent has developed a complete quantum secure satellite internet communication solution [5] - Haitong Development operates dry bulk shipping services across over 200 ports [5] - Qingshan Paper is a major supplier of optical communication modules and components [5] Group 5 - Ningbo Color Masterbatch has launched a high-transparency POE film crosslinking masterbatch [6] - BOLE FREE STARS' app surpassed 10 million downloads in its first week [6] - Hainan Free Trade Port is set to launch on December 18 [6] - Hainan Ruize focuses on concrete and new wall materials production [6] - Tianpu Co. has completed the transfer of shares with Zhonghuang Chenying [6] - Longsao Technology has increased its sales contract for lithium iron phosphate materials significantly [6] Group 6 - The company has developed energy storage products covering various systems and collaborated with international wind power leaders [7] - Huanyue Century has established an AI joint laboratory for content production [7] - Luoping Zinc Electric is the only enterprise in the zinc smelting industry with a tri-production model [7] - Meiyan Jixiang operates seven hydropower stations in Guangdong [7] - Qingshang Co. has developed smart city products using streetlights as a platform [7] - Meike Home focuses on domestic retail and international wholesale of home products [7] Group 7 - Chitianhua is the largest methanol producer in Guizhou, with an annual capacity of 300,000 tons [8] - Weiyuan Co. is the largest producer of phenol and acetone in China [8] - Teli A is controlled by the Shenzhen State-owned Assets Supervision and Administration Commission [8] - Hongmian Co. is a state-owned enterprise in Guangzhou focusing on daily chemical products [8] - Zhonghuan Hailu produces various industrial metal forgings for multiple sectors [8]