Market Overview - The electric grid equipment sector experienced a decline of 2.26% on the previous trading day, with Zhongneng Electric leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Notable gainers in the electric grid equipment sector included: - Rongxun Co., Ltd. (603829) with a closing price of 24.17, up 10.01% [1] - Hongxiang Co., Ltd. (300427) with a closing price of 9.21, up 5.98% [1] - Shuangjie Electric (300444) with a closing price of 11.28, up 4.93% [1] - Major decliners included: - Zhongneng Electric (300062) with a closing price of 9.52, down 14.77% [2] - Sun Cable (002300) with a closing price of 7.44, down 10.04% [2] - Moen Electric (002451) with a closing price of 12.93, down 10.02% [2] Capital Flow - The electric grid equipment sector saw a net outflow of 3.804 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.433 billion yuan [2] - The table of capital flow indicates that major stocks like Luokai Co., Ltd. (603829) and Shuangjie Electric (300444) experienced varying levels of net inflow and outflow from different investor types [3]

Group 1 - The stock price of Sun Cable increased by 2.12% on November 17, reaching 8.18 CNY per share, with a trading volume of 395 million CNY and a turnover rate of 6.80%, resulting in a total market capitalization of 5.909 billion CNY [1] - Year-to-date, Sun Cable's stock price has risen by 56.41%, with a recent decline of 1.68% over the last five trading days, a 30.05% increase over the last 20 days, and a 26.63% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on November 10, where it recorded a net purchase of 16.5767 million CNY [1] Group 2 - Fujian Nanping Sun Cable Co., Ltd. was established on July 11, 1994, and listed on October 21, 2009, primarily engaged in the production and sales of wires and cables [2] - The main business revenue composition includes: copper processing (53.53%), special cables (27.80%), power cables (7.50%), building wires (6.26%), overhead wires (2.29%), and others [2] - As of November 10, the number of shareholders for Sun Cable was 69,800, an increase of 59.77% from the previous period, with an average of 10,344 circulating shares per person, a decrease of 37.41% [2] - For the period from January to September 2025, Sun Cable reported operating revenue of 8.941 billion CNY, a year-on-year decrease of 12.33%, and a net profit attributable to shareholders of 85.0097 million CNY, a decrease of 10.77% [2] - Since its A-share listing, Sun Cable has distributed a total of 1.5 billion CNY in dividends, with 261 million CNY distributed over the past three years [2]

关于持股 5%以上股东减持公司股份触及 1%整数倍的公告 股东福建亿力集团有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 一、权益变动基本情况 福建南平太阳电缆股份有限公司（以下简称"公司"）于 2025 年 10 月 14 日披露了《关于持股 5%以上股东减持股份预披露的公告》（公告编号：2025-048）， 公司持股 5%以上股东福建亿力集团有限公司（以下简称"亿力集团"）计划自 公告披露之日起 15 个交易日后的 3 个月内（2025 年 11 月 4 日至 2026 年 2 月 3 日），以集中竞价、大宗交易方式减持公司股份不超过 21,670,011 股(占公司总 股本比例 3%)。其中，通过集中竞价交易方式减持股份总数不超过公司总股本的 1%。 公司于 11 月 14 日收到亿力集团出具的《关于减持太阳电缆股份比例触及 1%整数倍的告知函》。获悉亿力集团于 11 月 13 日通过集中竞价和大宗交易方式 累计减持公司股份 7,973,374 股，占公司总股本的 1.1%。其中:通过集中竞价 ...

Core Viewpoint - Yili Group has reduced its stake in Solar Cable by 1.1%, decreasing its ownership from 15% to 13.9% [1] Summary by Sections - **Share Reduction Details** - Yili Group sold a total of 7,973,374 shares of Solar Cable on November 13 through both centralized bidding and block trading [1] - The breakdown of the share reduction includes 1,350,000 shares sold via centralized bidding and 6,623,374 shares sold through block trading [1] - **Ownership Changes** - Prior to the reduction, Yili Group held 15% of Solar Cable's total shares [1] - Following the reduction, Yili Group's ownership is now 13.9% of the total shares [1]

Core Viewpoint - Yili Group has reduced its stake in Solar Cable by 1.1%, indicating a shift in its investment strategy [1] Group 1: Shareholding Changes - Yili Group has reduced its holdings by a total of 7,973,374 shares, which represents 1.1% of the total share capital of Solar Cable [1] - The reduction was executed through two methods: 1,350,000 shares were sold via centralized bidding, and 6,623,374 shares were sold through block trading [1] - Prior to the reduction, Yili Group held 15% of Solar Cable's shares, which has now decreased to 13.9% following the sale [1]

Core Points - Yili Group, a major shareholder holding over 5% of the shares, reduced its stake in Sun Cable by 7,973,374 shares on November 13, representing 1.1% of the total share capital [1] - The reduction included 1,350,000 shares sold through centralized bidding and 6,623,374 shares sold via block trading [1] - Following this transaction, Yili Group's ownership decreased from 15% to 13.9% [1] - Yili Group had previously announced a plan to reduce its holdings by up to 21,670,011 shares (3% of total share capital) within three months after October 14, and this reduction aligns with that plan, which is still ongoing [1]

Summary of Key Points Core Viewpoint - On November 14, a block trade of 600,000 shares of Solar Cable was executed at a price of 7.66 yuan, representing a discount of 4.37% compared to the market closing price of 8.01 yuan, with a total transaction value of 4.596 million yuan, accounting for 0.6% of the total trading volume for the day [1]. Group 1: Transaction Details - The block trade involved 600,000 shares of Solar Cable, with a transaction price of 7.66 yuan per share [2]. - The total transaction amount was 4.596 million yuan, which is equivalent to 459.6 thousand yuan [2]. - The trade was facilitated by Zhongtai Securities as the buying broker and Yingda Securities as the selling broker [2].

Group 1 - The company, Sun Cable, reported that as of November 10, 2025, the total number of shareholders will be 69,820 [2]

Core Insights - Sun Cable experienced significant trading activity on November 13, with a total of 6.6234 million shares traded, amounting to 50.735 million yuan, at a price of 7.66 yuan, reflecting a discount of 7.93% compared to the closing price of the day [2][3] - Over the past three months, Sun Cable has recorded 15 block trades, totaling 95.8806 million yuan [2] - The stock closed at 8.32 yuan, up 1.09%, with a turnover rate of 18.13% and a total trading volume of 1.087 billion yuan on the same day [2] Trading Data - The latest margin financing balance for Sun Cable is 201 million yuan, with an increase of 88.9239 million yuan over the past five days, representing a growth of 79.22% [3] - The block trade details on November 13 include: - 301.70 thousand shares traded for 2,311.02 thousand yuan at 7.66 yuan, with a discount of 7.93% [3] - 130.00 thousand shares traded for 995.80 thousand yuan at the same price and discount [3] - Additional trades included 96.40 thousand shares for 738.42 thousand yuan, 90.00 thousand shares for 689.40 thousand yuan, and 44.24 thousand shares for 338.86 thousand yuan, all at 7.66 yuan with the same discount [3]

Core Insights - The stock of Solar Cable increased by 5.85% with a turnover rate of 22.22% and a transaction volume of 1.292 billion yuan, showing a volatility of 15.03% during the trading day [2] Trading Activity - Institutional investors net bought 4.2189 million yuan, while the total net buying from brokerage seats amounted to 12.7243 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to its daily volatility reaching 15.03% [2] - The top five brokerage seats accounted for a total transaction volume of 1.71 billion yuan, with a buying transaction amount of 938.321 million yuan and a selling transaction amount of 768.889 million yuan, resulting in a net buying of 169.432 million yuan [2] Institutional Participation - Among the brokerage seats that participated, three were institutional specialized seats, with total buying amounting to 46.0653 million yuan and selling amounting to 41.8464 million yuan, leading to a net buying of 4.2189 million yuan [2] Fund Flow - The stock experienced a net inflow of 24.1286 million yuan from main funds, with a significant inflow of 26.5068 million yuan from large orders, while large orders saw a net outflow of 2.3782 million yuan [2] - Over the past five days, the net inflow of main funds reached 81.4722 million yuan [2]