Group 1 - The company Zhongdian Xinlong (SZ 002298) announced that its 10th Board of Directors held a meeting on October 28, 2025, via communication to review the proposal for the Q3 2025 report [1] - For the first half of 2025, the company's revenue composition was 92.32% from electrical machinery and equipment manufacturing and 7.68% from software and information technology services [1] - As of the report, Zhongdian Xinlong's market capitalization was 8.7 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market's transformation [1] - A new "slow bull" market pattern is emerging, indicating a shift in market dynamics [1]

证券代码：002298 证券简称：中电鑫龙 编号：2025-061 安徽中电鑫龙科技股份有限公司 第十届监事会第四次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、监事会会议召开情况 安徽中电鑫龙科技股份有限公司（以下简称"公司"或"本公司"）第十届监 事会第四次会议于 2025 年 10 月 22 日以专人送达、电子邮件、通讯方式向全体监 事发出召开第十届监事会第四次会议的通知。会议于 2025 年 10 月 28 日以通讯方 式召开。会议应出席监事 3 人，实际出席监事 3 人。会议符合《公司法》和《公司 章程》的有关规定。本次会议由公司监事会主席张廷勇先生主持。 二〇一○ 二○二五年十月二十八日 二、监事会会议审议情况 经与会监事表决，通过如下决议： 会议以 3 票同意、0 票反对、0 票弃权的表决结果，审议通过了《2025 年第三 季度报告的议案》。 经审核，监事会认为：董事会编制和审议公司 2025 年第三季度报告的程序符 合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际情况，不存在任何虚假记载、误导性陈 ...

二、董事会会议审议情况 经与会董事表决，通过如下决议： 证券代码：002298 证券简称：中电鑫龙 编号：2025-059 安徽中电鑫龙科技股份有限公司 第十届董事会第四次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 安徽中电鑫龙科技股份有限公司（以下简称"公司"或"本公司"）第十 届董事会第四次会议于2025年10月22日以专人送达、电子邮件、通讯方式向全 体董事发出召开第十届董事会第四次会议的通知。会议于2025年10月28日以通 讯方式召开。会议应出席董事9人，实际出席董事9人。会议符合《公司法》和 《公司章程》的有关规定。本次会议由公司董事长瞿洪桂先生主持。 安徽中电鑫龙科技股份有限公司董事会 二〇二五年十月二十八日 会议以 9 票同意、0 票反对、0 票弃权的表决结果，审议通过了《2025 年 第三季度报告的议案》 《2025 年第三季度报告》详见公司指定信息披露媒体《中国证券报》、《上 海证券报》、《证券时报》和巨潮资讯网（www.cninfo.com.cn）。 三、备查文件 经与会董事签字并加盖董事会印章的董事 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥581,491,059.70, representing a year-on-year increase of 33.99%[5] - Net profit attributable to shareholders was ¥8,706,845.62, a significant increase of 120.52% compared to the same period last year[5] - The basic earnings per share rose to ¥0.0121, reflecting a growth of 120.44% year-on-year[5] - The company's net profit attributable to the parent company for the reporting period was 27.26 million yuan, an increase of 107.25% year-on-year, primarily due to enhanced market-driven strategies and new product development in the smart energy sector[15] - The smart energy and new energy business achieved a net profit of 104.88 million yuan, representing a year-on-year growth of 40.33%[15] - The net profit for the current period was ¥50,738,546.59, a significant recovery from a net loss of ¥372,883,702.86 in the previous period[42] - The company reported a basic and diluted earnings per share of ¥0.0380, compared to a loss per share of ¥0.5241 in the previous period[42] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,284,956,977.47, showing a slight increase of 1.12% from the end of the previous year[5] - The total liabilities decreased to ¥2,897,492,024.59 from ¥3,122,916,359.81, indicating a reduction of approximately 7.2%[39] - The total equity attributable to shareholders of the parent company increased to ¥2,281,291,163.63 from ¥2,018,366,345.85, reflecting a growth of 13.0%[39] Cash Flow - Cash generated from operating activities was ¥1,919,416,742.69, a substantial increase from ¥1,175,599,888.66 in the previous period[43] - The company’s cash flow from operating activities showed a strong improvement, indicating enhanced operational efficiency and revenue generation capabilities[43] - Net cash flow from operating activities amounted to ¥101,936,185.99, an increase from ¥91,433,451.71 year-over-year[44] - Total cash inflow from investment activities was ¥372,270,386.59, significantly higher than ¥42,792,927.10 in the previous period[44] - Cash received from investment recoveries was ¥243,000,000.00, a significant increase from ¥42,000,000.00 in the previous period[44] - The ending balance of cash and cash equivalents was ¥490,992,452.55, up from ¥370,810,346.57 year-over-year[45] Investments and Growth Strategies - The company's investment income surged to ¥9,813,500, marking a dramatic increase of 2079.17% compared to the previous year[12] - The company is focusing on three major business strategies: strengthening smart energy, stabilizing smart city operations, and promoting new energy development[19] - In the smart new energy sector, the company is expanding its market presence and enhancing product development, particularly in "microgrid + solar storage" technologies[20] - The company aims to provide integrated turnkey solutions in new energy, including energy storage and photovoltaic systems, to help clients reduce costs and carbon emissions[20] - The company is committed to digitalization and intelligent transformation, leveraging IoT and big data technologies to enhance its product and service offerings[19] Operational Efficiency and Management - The company emphasizes the "Five Grabs Project" to enhance operational efficiency and management levels, focusing on profit-centered strategies[22] - The strategic focus includes product innovation and quality improvement, aiming to develop new products and enhance market competitiveness through a "production generation, research generation, planning generation" strategy[23] - The company is implementing refined management practices to enhance efficiency and optimize asset utilization in the smart city business[21] - A talent development system is being established to create a new talent echelon, emphasizing internal training and a supportive work environment to boost employee engagement and productivity[25] - The company is committed to improving governance and compliance, ensuring legal operations and enhancing internal control management to maximize profits and reduce unnecessary expenditures[26] Contracts and Partnerships - The company signed a significant contract for the Henan Lushan pumped storage power station's power supply and distribution equipment procurement, marking a major breakthrough in clean energy infrastructure[33] - The company successfully signed a power supply system integration project for the Hefei Xinqiao Airport S1 line, further expanding its market influence in rail transit power supply systems[34] - The company entered into a partnership with Wuhu Zhaolian Automotive Lightweight Technology Co., Ltd. for a 5.5MW distributed photovoltaic power generation project, showcasing its capabilities in green energy applications[35] - The company signed a 24MWP distributed photovoltaic power generation project in Huainan City, expected to generate over 28 million kWh annually and reduce CO2 emissions by approximately 23,000 tons per year[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 168,231, with the largest shareholder holding 9.67% of the shares[17] - The company reduced its employee stock ownership plan by selling 22,782,295 shares, accounting for 3.08% of the total share capital, between September 1 and September 29, 2025[32] Miscellaneous - The company completed the disclosure of its 2025 semi-annual report on August 28, 2025[29] - The company’s research and development expenses were ¥42,159,655.52, down from ¥47,611,794.09, suggesting a potential shift in focus or cost management strategies[41] - The company's third-quarter financial report was not audited[46]

Core Viewpoint - The company has established three major business segments: "Smart Energy Use, Smart City, and Smart New Energy" [1] Group 1: Business Segments - The Smart New Energy segment includes energy storage, photovoltaic, and smart energy management platform [1] - The company is focusing on enhancing research and development efforts to improve product quality and performance [1] - The aim is to better expand market presence and capture orders [1]

Group 1 - The company has established three main business segments: "Smart Energy Use, Smart City, and Smart New Energy" [2] - Currently, the company has not developed transformer products and has no plans for solid-state transformer (SST) research and development [2] - The company will continue to focus on its core business and closely monitor market dynamics to seize development opportunities across the industry chain [2]

Core Viewpoint - China Electric Power Xinlong (002298.SZ) is focusing on strengthening its smart energy and smart city initiatives while actively promoting the development of its new energy business [1] Group 1: Company Strategy - The company has implemented storage-related products in some of its smart city projects [1] - The future strategy revolves around three main pillars: enhancing smart energy, stabilizing and strengthening smart city initiatives, and fully promoting new energy business development [1]

Core Viewpoint - The stock of Zhongdian Xindong experienced a significant drop, with a daily trading limit reached and a turnover rate of 24.64%, indicating high trading activity amidst selling pressure from institutional investors [1][2]. Trading Activity - The stock's trading volume for the day was 2.025 billion yuan, with a price fluctuation of 11.12% [1]. - Institutional investors net sold 155 million yuan, while retail trading desks collectively net bought 24.24 million yuan [1]. - The stock was listed on the Shenzhen Stock Exchange's watchlist due to a price deviation of -7.28% [1]. Recent Performance - Over the past six months, the stock has appeared on the watchlist 28 times, with an average price increase of 1.01% the day after being listed, but an average decline of 1.55% in the following five days [2]. Capital Flow - The stock saw a net outflow of 330 million yuan in principal funds today, with large orders contributing to a net outflow of 118 million yuan and 213 million yuan respectively [3]. - The latest margin trading data shows a total margin balance of 495 million yuan, with a financing balance increase of 40.45 million yuan (8.90%) over the past five days [3]. Institutional Trading Details - The top five buying and selling trading desks accounted for a total transaction volume of 398 million yuan, with net selling of 131 million yuan [1]. - Specific trading desks included multiple branches of Dongfang Caifu Securities and Guoxin Securities, with significant buy and sell amounts recorded [3].

Group 1 - The electric grid equipment sector experienced a majority of adjustments at the beginning of trading on October 17, with several companies showing significant declines [1] - Huaming Equipment, Guodian Nanzi, and Jinpan Technology saw drops exceeding 7%, indicating a notable downturn in their stock performance [1] - Other companies such as Zhongdian Xinlong, Tongda Co., and Teruid also followed the downward trend, reflecting a broader impact on the sector [1]

Core Viewpoint - On October 16, the Shanghai Composite Index rose by 0.10%, with institutional investors appearing on the trading lists of 19 stocks, net buying 7 and net selling 12 [1][3]. Institutional Trading Summary - The stock with the highest net buying by institutional seats was Yunhan Chip City, which closed at the daily limit with a trading volume of 1.045 billion yuan and a turnover rate of 52.20%. The net buying amounted to 95.6081 million yuan [2][5]. - Zhongdian Xindong saw a decline of 2.76% with a turnover rate of 29.55% and a trading volume of 2.620 billion yuan, resulting in a net buying of 47.8485 million yuan [2][5]. - Xiling Information also closed at the daily limit with a turnover rate of 17.94% and a trading volume of 740 million yuan, leading to a net buying of 19.2833 million yuan [2][5]. Market Performance - The average increase of stocks with net institutional buying was 7.07%, outperforming the Shanghai Composite Index. Stocks like Xiling Information and Yunhan Chip City showed strong performance, closing at the daily limit [3]. - Historical data indicates that stocks with net institutional buying have a 49.54% probability of rising the next day and a 50.00% chance of outperforming the Shanghai Composite Index [3]. Earnings Forecast - Among the stocks with net institutional buying, only one stock, Yunhan Chip City, provided a third-quarter earnings forecast, expecting a net profit of 78.50 million yuan, representing a year-on-year increase of 41.41% [3]. Net Selling Summary - The stock with the highest net selling was Tianji Shares, with a net selling amount of 216.5949 million yuan and a turnover rate of 33.65% [3][6]. - Hubei Yihua was also notable for a net selling of 152.5059 million yuan, with a daily decline of 9.46% [4][6]. Deep and Hong Kong Stock Connect - On October 16, 15 stocks on the trading list had appearances from the Deep and Hong Kong Stock Connect, with net buying in stocks like Xiangnan Chip Creation and Haixia Shares, amounting to 166.608 million yuan and 69.137 million yuan respectively [7][8]. - Stocks like Hubei Yihua and Haima Automobile experienced net selling, with amounts of 63.3661 million yuan and 56.2523 million yuan respectively [9].