华明装备指，将充分考虑现有股东的利益和境内外资本市场的情况，在股东会决议有效期内选择适当的 时机和发行窗口完成本次H股发行上市。 来自山东济南的A股上市公司华明装备(002270.SZ)发布公告称，为进一步推进国际化战略布局，打造国 际化资本运作平台，提升公司整体竞争力，公司正在筹划境外发行股份（H股）并在港交所上市事宜。 华明装备(002270.SZ)于2015年通过借壳法因数控在深交所上市，截至2026年2月13日午间收市，其总市 值约310.18亿元人民币。 华明装备(SZ:002270) 深龄通 可融资 可卖空 加自选 | 休盘中 02~13 12:07:12 北京时间 成交量：82781手 成交量：82781手 成交题：3,84亿 | | --- | 华明装备同时宣布，拟聘请安永香港为本次发行并上市的审计机构。 华明装备，主要子公司上海华明电力设备制造有限公司，核心产品是变压器有载分接开关和无励磁分接 开关，涵盖了研发、制造、销售和全生命周期的运维检修，已成为中国分接开关销量较大的企业，同时 拥有上海、遵义两大分接开关全产业链生产基地的配套供应商。 公司是国内细分市场的领军企业，目 前的出货量稳居世 ...

Group 1 - Major shareholder Han Yuanfu of Dayuan Pump Industry plans to reduce his stake by up to 3%, totaling no more than 5.595 million shares [1] - Hainan Highway, a shareholder of Haikou Group, intends to increase its stake in the company by no less than 40 million yuan and no more than 50 million yuan [2] - China Communications Construction Company signed new contracts worth 1.883672 trillion yuan in 2025, a year-on-year increase of 0.13% [3] Group 2 - The controlling shareholder of Quzhou Development proposed to repurchase shares worth between 100 million and 200 million yuan [4] - Shareholder Huang Song of Huibo Pu plans to reduce his stake by up to 1%, totaling no more than 1.3372 million shares [5] - The board secretary of Fusenmei has had his detention lifted and is now under investigation, allowing him to resume his duties [6] Group 3 - YN Holdings clarified that its investment target does not belong to the sectors of computing chip manufacturing, computing leasing, or cloud services [7] - Shareholder Euro Star Diamond plans to reduce its stake in Laishen Tongling by up to 3%, totaling no more than 1.029 million shares [8] - Shareholder Zhu Guangkui of Demar Technology plans to reduce his stake by up to 3%, totaling no more than 791.24 million shares [10] Group 4 - Newnow's subsidiary received approval for clinical trials of drug SYS6023 for breast cancer treatment [11] - Ruipubio plans to invest 295 million yuan to establish a merger and acquisition industry fund focusing on animal health and biomedicine [12] - Shareholder Ningbo Hutong plans to reduce its stake in Huitong Energy by up to 1%, totaling no more than 206.28 million shares [13] Group 5 - Chengda Bio's high-dose influenza virus vaccine has received approval for clinical trials [14] - Kang En Bei's subsidiaries participated in the national centralized procurement process, with selected drugs expected to generate 385 million yuan in sales in 2024 [15] - Weitang Industrial signed a strategic cooperation framework agreement with Amphenol to enhance product development and market collaboration [16] Group 6 - Terui De is the first candidate for a 137 million yuan EPC general contracting project [17] - Chen Zhan Optoelectronics plans to invest 650 million yuan to establish an overseas smart manufacturing base [19] - Zhang Yi Technology's AI short drama business revenue is expected to account for no more than 1% of total revenue in 2025 [20] Group 7 - Jiangshan Co. plans to reduce its stake by up to 3%, totaling no more than 4.3308 million shares [21] - Xie Chuang Data plans to procure servers from multiple suppliers, with a total expected expenditure of no more than 11 billion yuan [22] - Huaming Equipment is planning to issue H-shares and list on the Hong Kong Stock Exchange [23] Group 8 - Wenzhou Hongfeng plans to raise no more than 450 million yuan through a private placement for expansion projects [24] - Yingkerui plans to raise no more than 379 million yuan for various projects including smart power supply systems [25] - Jingrui Electric Materials plans to invest 600 million yuan to build a key materials base for the integrated circuit manufacturing industry [26] Group 9 - Beijing Bank's chairman resigned due to age [27] - Youkeshu's actual controller plans to increase his stake by no less than 50 million yuan and no more than 100 million yuan [28] - Hanbo High-tech's subsidiary plans to acquire assets to enter the wet electronic chemicals industry [29] Group 10 - Jia Mei Packaging clarified that its capital operations related to Magic Atom will be independent of the listed company [30] - International Composite Materials confirmed that electronic-grade glass fiber is a key raw material for PCBs [31] - Zhongyin Fashion plans to procure hardware simulation accelerators for 9.385 million USD [32] Group 11 - Haohai Biotechnology's shareholder plans to reduce his stake by up to 0.4337% [33] - United Optoelectronics plans to sign a framework contract with Lingzhi Cloud Creation for robot assembly services [34] - Qianfang Technology's major shareholder plans to reduce its stake by up to 1.5%, totaling no more than 2.36507 million shares [35] Group 12 - Xiamen Airport plans to acquire 100% of Zhaoxiang Technology for 1.193 billion yuan [36] - Tuoshan Heavy Industry plans to acquire 51% of Xin Kaiyuan for 219 million yuan [38] - Shenkai Co. plans to repurchase shares worth between 40 million and 80 million yuan [39] Group 13 - Hushun Co. plans to invest 3.3 billion yuan in a high-end PCB production project [40] - Zhengzhou Bank appointed Wang Sentao as vice president, pending regulatory approval [41]

Summary of Key Points from Conference Call Industry Overview - The conference call discusses the electric grid equipment industry, highlighting significant growth driven by multiple factors including government policies and technological advancements in AI [1][2]. Core Insights and Arguments - Electric grid equipment has seen a surge in demand, primarily due to: 1. The release of a prospectus by Si Yuan Electric for its Hong Kong IPO 2. The State Council's issuance of the "Implementation Opinions on Improving the National Unified Electricity Market System" 3. Continuous advancements in AI technology impacting the electricity sector [1] - In North America, the logic of AI-related electricity shortages is becoming clearer, with demand consistently exceeding expectations. This is compounded by rigid supply capacities and delays in production expansions by major overseas manufacturers. By 2030, there is projected to be a 10% shortage of electric transformers in Europe and North America [1]. - Domestic companies are expected to benefit from the overflow of overseas orders, with leading firms in international markets likely to continue outperforming expectations [1]. Investment Recommendations - The call provides specific investment suggestions based on the anticipated growth in the electric grid sector: 1. High-voltage equipment exports and components: Si Yuan Electric, TBEA, Huaming Equipment, etc. 2. Domestic ultra-high voltage and main grid: Pinggao Electric, China XD Electric, XJ Electric, Guodian NARI, etc. 3. Companies focused on the electricity market: Guoneng Rixin, Oriental Electronics, etc. [2]. Additional Important Content - The "14th Five-Year Plan" outlines a total investment of 5 trillion yuan, establishing a foundation for long-term high prosperity in the domestic electricity market [2]. - The goal is to fully establish a national unified electricity market system by 2035, promoting the participation of various power sources from the "Shagehuang" renewable energy base in the electricity market [2].

Group 1 - In 2025, a total of 6.763 million marriage registrations were recorded in China, an increase of 657,000 compared to the previous year, representing a growth of 10.76% [3][4] - The new marriage registration regulations effective from May 10, 2025, will eliminate regional restrictions and allow nationwide processing of marriage certificates [3][4] - The increase in marriage registrations is particularly notable in cities with high influxes of migrant populations [3] Group 2 - Elon Musk was ranked as the greatest innovator in the Forbes "Innovators 250" list, with Nvidia CEO Jensen Huang placed fifth [4] - The top ten innovators include notable figures such as Jeff Bezos, Bill Gates, and George Lucas [4] - The U.S. stock market saw a collective decline, with major tech stocks like Apple dropping by 5% [4] Group 3 - The CEO of Insta360, Liu Jingkang, announced the distribution of five apartments and several luxury cars as incentives during the company's annual meeting [2][3] - The total value of the cars given away exceeded 10 million yuan, highlighting the importance of material incentives for employee motivation [2] Group 4 - The Chinese market for high-end talent is increasingly influenced by both intrinsic motivations like achievement and extrinsic incentives such as material rewards [2] - The introduction of a "low-quality seat" reminder by the 12306 ticketing platform has sparked discussions among consumers regarding the quality of available seating options [2] Group 5 - Samsung Electronics has begun mass production of HBM4 memory and is actively expanding its production capacity, anticipating a threefold increase in sales compared to 2025 [7] - Nuveen is set to acquire Schroders for £9.9 billion, marking the end of the latter's 200-year independence [7] Group 6 - LV, Dior, and Tiffany were fined over 36 billion KRW in South Korea due to poor management of customer information leading to data leaks [12] - The fines were imposed by the Personal Information Protection Commission, with LV facing the largest penalty of 21.385 billion KRW [12] Group 7 - SoftBank Group reported a net profit increase to 3.1726 trillion yen for the period from April to December 2025, marking a fivefold increase compared to the previous year [20] - Hermes announced a revenue of 16 billion euros for 2025, reflecting a 5.5% year-on-year growth [20] - Siemens reported a net profit of 2.222 billion euros for the first quarter of 2026, a decrease of 43% year-on-year [20]

格隆汇2月12日丨华明装备(002270.SZ)公布，为进一步推进国际化战略布局，打造国际化资本运作平 台，提升公司整体竞争力，华明电力装备股份有限公司正在筹划境外发行股份（H股）并在香港联合交 易所有限公司（简称"香港联交所"）上市事宜。 ...

格隆汇2月12日丨华明装备(002270.SZ)公布，为进一步推进国际化战略布局，打造国际化资本运作平 台，提升公司整体竞争力，华明电力装备股份有限公司正在筹划境外发行股份（H股）并在香港联合交 易所有限公司（简称"香港联交所"）上市事宜。 ...

来源：滚动播报 华明装备公告，为进一步推进国际化战略布局，公司正在筹划境外发行股份（H股）并在香港联合交易 所有限公司（香港联交所）上市。公司于2026年2月12日召开董事会会议，审议通过了《关于公司发行 H股股票并在香港联交所上市的议案》等相关议案。本次H股发行上市尚需提交公司股东会审议，并经 中国证券监督管理委员会、香港联交所和香港证券及期货事务监察委员会等相关监管机构备案、审核和 批准。 ...

第四条 国家秘密是关系国家安全和利益，依照法定程序确定，在一定时 间内只限一定范围的人员知悉的事项。公司秘密涉及国家秘密或国家机关工作秘 密的，应当根据《保密法》等相关法律法规及本制度的规定规范保护。 第一条 为保障国家经济安全，保护社会公共利益及华明电力装备股份有 限公司（以下简称"公司"）的利益，维护公司在境外发行证券和上市过程中的 信息安全，规范公司及公司所聘请的境内外各证券服务机构在公司境外发行证券 和上市过程中的相关保密和档案管理工作，根据《中华人民共和国证券法》《中 华人民共和国保守国家秘密法》（以下简称"《保密法》"）《中华人民共和国 档案法》《中华人民共和国会计法》《中华人民共和国注册会计师法》《中华人 民共和国国家安全法》《会计师事务所数据安全管理暂行办法》《境内企业境外 发行证券和上市管理试行办法》和《关于加强境内企业境外发行证券和上市相关 保密和档案管理工作的规定》《香港联合交易所有限公司证券上市规则》（以下 简称"《香港上市规则》"）等有关法律、法规、规范性文件和公司章程的有关 规定，结合公司情况，制定本制度。 第二条 本制度所称"境外发行证券和上市"，是指公司直接或者间接在 中华人民 ...

华明电力装备股份有限公司 章 程 二○二六年二月 1 | | | | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股 份 | 5 | | 第四章 | 股东和股东会 | 8 | | 第五章 | 董事会 | 33 | | 第六章 | 高级管理人员 | 50 | | 第七章 | 财务会计制度、利润分配和审计 52 | | | 第八章 | 通知和公告 | 60 | | 第九章 | 合并、分立、增资、减资、解散和清算 61 | | | 第十章 | 修改章程 | 66 | | 第十一章 | 附则 | 66 | 中文全称：华明电力装备股份有限公司 英文全称：HUAMING POWER EQUIPMENT CO.,LTD. 第五条 公司住所：山东省济南市高新区孙村街道世纪大道 2222 号 1 号厂房 302 室，邮政编码：250104。 华明电力装备股份有限公司 公司章程 第一章 总则 第一条 为维护华明电力装备股份有限公司（以下简称"公司"）、股 东、职工和债权人的合法权益，规范公司的组织和行为，根据《中华人民 共和国公司法》（以下简称 ...

华明电力装备股份有限公司 董事会薪酬与考核委员会实施细则 （草案） （H股发行上市后适用） 第一章 总则 第一条 为进一步建立健全公司董事(非独立董事)及高级管理人员 的考核和薪酬管理制度，完善公司治理结构，根据《中华人民共和国公 司法》《上市公司治理准则》《深圳证券交易所股票上市规则》《香港 联合交易所有限公司证券上市规则》（以下简称"《香港上市规 则》"）和公司章程等规定，制定本实施细则。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的专门 工作机构，主要负责制定、审查公司董事及高级管理人员的薪酬政策与 方案，负责制定公司董事及高级管理人员的考核标准并进行考核，对董 事会负责。 第三条 本细则所称董事是指在公司领取薪酬的董事长、董事，高 级管理人员是指董事会聘任的总经理、副总经理、财务负责人、董事会 秘书及其他高级管理人员。 第二章 人员组成 第四条 薪酬与考核委员会由三至五名成员组成，独立董事应当过 半数并担任召集人。 第五条 薪酬与考核委员会委员由董事长、二分之一以上独立董事 或者全体董事的三分之一提名，并由董事会选举产生。 第六条 薪酬与考核委员会设主任委员一名，由独立董事担任，负 1 责主持 ...