Market Overview - The other power equipment sector experienced a decline of 2.64% on the previous trading day, with Shanghai Electric leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable gainers in the other power equipment sector included: - Yingkerui (300713) with a closing price of 19.86, up 5.19% on a trading volume of 180,000 shares and a turnover of 361 million yuan [1] - Jinshi Technology (002951) closed at 15.31, up 3.80% with a trading volume of 100,400 shares and a turnover of 152 million yuan [1] - Major decliners included: - Shanghai Electric (601727) which closed at 10.14, down 5.85% with a trading volume of 8.29 million shares and a turnover of 8.7 billion yuan [2] - Kehua Education (002335) closed at 62.63, down 5.71% with a trading volume of 349,100 shares and a turnover of 2.27 billion yuan [2] Capital Flow - The other power equipment sector saw a net outflow of 1.26 billion yuan from institutional investors, while retail investors had a net inflow of 894 million yuan [2] - Specific stock capital flows indicated: - Dongfang Electric (600875) had a net inflow of 1.04 billion yuan from institutional investors [3] - Yingkerui (300713) recorded a net inflow of 863.39 million yuan from retail investors [3]

Core Viewpoint - The stock of Rongfa Nuclear Power Equipment Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from October 9 to October 13, 2025 [1][3] Summary by Sections Company Information - Rongfa Nuclear Power Equipment Co., Ltd. is identified by the stock abbreviation "Rongfa Nuclear Power" and the stock code 002366 [1] - The major shareholder is Qingdao Military-Civilian Integration Development Group Co., Ltd., holding 27% of the shares, which is a state-owned enterprise directly under the West Coast District [3] Trading Fluctuation - The company’s board of directors conducted an investigation regarding the stock's abnormal trading behavior [3] - The investigation concluded that there were no corrections or supplements needed for previously disclosed information [3] - No significant undisclosed information was found that could have impacted the stock price [3] - The company's operational status remains normal, with no significant changes in the internal or external business environment [3] Compliance and Disclosure - The company confirmed that there are no undisclosed significant matters related to the company, its controlling shareholders, or actual controllers during the period of stock trading fluctuation [3] - There were no instances of the controlling shareholders or actual controllers trading the company's stock during the abnormal fluctuation period [3] - The company affirmed compliance with fair information disclosure regulations [3]

证券日报网讯 10月13日晚间，融发核电发布公告称，公司股票于2025年10月9日、10月10日、10月13日 连续3个交易日收盘价格涨幅累计偏离超过20%，属于股票交易异常波动的情况。经核查，公司前期披 露的信息不存在需要更正、补充之处；公司未发现近期公共传媒报道了可能或已经对本公司股票交易价 格产生较大影响的未公开重大信息。 （编辑 姚尧） ...

证券代码：002366 证券简称：融发核电 公告编号：2025-051 融发核电设备股份有限公司 关于股票交易异常波动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动情况 融发核电设备股份有限公司（以下简称"公司"）股票（证券简称：融发核 电，证券代码：002366）于 2025 年 10 月 9 日、10 月 10 日、10 月 13 日连续 3 个交易日收盘价格涨幅累计偏离超过 20%，根据深圳证券交易所交易规则等有关 规定，属于股票交易异常波动的情况。 二、公司关注并核实相关情况说明 针对公司股票交易异常波动，公司董事会对有关事项进行了核查，现就有关 情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生 较大影响的未公开重大信息； 3、公司目前经营情况正常，内外部经营环境未发生重大变化； 2、公司董事会郑重提醒广大投资者：《证券时报》《证券日报》和巨潮资 讯网（www.cninfo.com.cn）为公司选定的信息披露媒体，公司所有信息均以在 上述媒 ...

| 权益类证券大宗交易(协议交易) | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | 2025-10-13 | 002366 | 融发核电 | 8.92 | 100.00 | 892.00 机构专用 | | 华林证券股份有限 公司福建分公司 | 10月13日，融发核电大宗交易成交100万股，成交额892万元，占当日总成交额的0.27%，成交价8.92 元，较市场收盘价9元折价0.89%。 ...

Group 1: Market Overview - The pharmaceutical and biotechnology sector received the highest net inflow of main funds, amounting to 520 million yuan [1] - The total net outflow of main funds from the Shanghai and Shenzhen markets reached 92.96 billion yuan, with the ChiNext board experiencing a net outflow of 41.57 billion yuan [1] - Among the 18 sectors, the construction materials sector had the highest increase of 1.92%, while 13 sectors saw declines, with electronics and power equipment dropping over 4% [1] Group 2: Key Stocks and Fund Flows - New Lai Materials, a photolithography concept stock, topped the net inflow list with 512 million yuan, experiencing a 20% increase [2][3] - Longcheng Military Industry followed with a net inflow of 457 million yuan, also seeing a 10% increase [2][3] - Other notable stocks with significant net inflows include Blue Dai Technology (434 million yuan), GF Securities (395 million yuan), and Kaimeite Gas (378 million yuan) [3] Group 3: Major Outflows - Major stocks facing significant net outflows include Luxshare Precision and CATL, each with outflows exceeding 3 billion yuan [4][5] - Other companies with substantial outflows include Sunshine Power, Oriental Fortune, and Shenghong Technology, each with outflows over 2.1 billion yuan [4][5] - A total of over 220 stocks experienced net outflows exceeding 1 billion yuan, with 21 stocks seeing outflows over 10 billion yuan [3] Group 4: End-of-Day Trends - At the end of the trading day, two stocks saw net inflows exceeding 100 million yuan, with Xiangnong Chip leading at 124 million yuan [6][7] - The net outflow at the end of the day was 15.074 billion yuan, with the ChiNext board contributing 6.469 billion yuan to this total [6] - Notable stocks with significant end-of-day outflows include CATL and Zhongji Xuchuang, each with outflows exceeding 500 million yuan [8][9]

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on October 10, with a total transaction volume of 2.132 billion yuan, indicating robust trading interest in select stocks [1]. Group 1: Trading Activity - A total of 71 stocks underwent block trading, with the highest transaction amounts recorded for Xinquan Co., Ltd. (319 million yuan), Guangqi Technology (296 million yuan), and Tianshan Aluminum (285 million yuan) [1]. - Among the stocks traded, 23 were sold at par value, 1 at a premium, and 47 at a discount; Tianshan Aluminum was the only stock sold at a premium with a premium rate of 0.51% [1]. - The stocks with the highest discount rates included Zizhong Temple (30.72%), Chenxi Aviation (23.13%), and Qiangrui Technology (21.83%) [1]. Group 2: Institutional Buying - The top institutional buying amounts were led by Xinquan Co., Ltd. (319 million yuan), Tianshan Aluminum (285 million yuan), and Jinlong Co., Ltd. (104 million yuan) [2]. - Other notable institutional purchases included Tianli Lithium Energy (42.32 million yuan), Shuangjie Electric (39.90 million yuan), and Juheshun (33.42 million yuan) [2]. - Additional significant transactions involved Hunan Silver (30.14 million yuan), Dongfang Yuhong (28.11 million yuan), and Baili Electric (15.50 million yuan) [2].

| 权益类证券大宗交易 (协议交易) | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | | | | (元) | (万股/万份) | (万元) | | | | 2025-10-10 | 002366 | 融发核电 | 8.64 | 70.00 | 604.80 机构专用 | | 华林证券股份有限 | | | | | | | | | 公司福建分公司 | 10月10日，融发核电大宗交易成交70万股，成交额604.8万元，占当日总成交额的0.15%，成交价8.64 元，较市场收盘价8.73元折价1.03%。 ...

Core Viewpoint - The A-share power equipment sector has experienced a significant surge following the National Day holiday, driven by a global uptrend in power equipment demand due to energy structure transformation and increasing electricity needs [1]. Group 1: Market Performance - After the National Day holiday, A-share power equipment and electrical grid sectors collectively strengthened, with companies like Shanghai Electric, Rongfa Nuclear Power, and TBEA hitting the daily limit, while China XD Electric and Pinggao Electric also saw positive performance [1]. - During the holiday period, the Hong Kong power equipment sector had already shown signs of performance improvement [1]. Group 2: Industry Trends - Analysts believe that the global power equipment demand is entering an upward cycle, supported by the continuous accumulation of new energy grid connection projects such as wind and solar power [1]. - The rapid development of AI technology is significantly increasing the demand for quality energy usage in data centers, thereby boosting investment needs in the power distribution and utilization sector [1]. Group 3: Policy and Forecast - In September, the National Energy Administration and other departments issued a "Work Plan for Stable Growth in the Power Equipment Industry (2025-2026)," projecting an average annual revenue growth rate of around 6% for traditional power equipment by 2026, while new energy equipment revenues are expected to remain stable [1]. - The urgent need for grid upgrades and the overseas "power shortage" situation present opportunities for Chinese power equipment companies with technological and production advantages to expand internationally [1]. Group 4: Export Performance - According to customs data, China's power equipment exports remained stable, with an overall export value increasing by 25.23% year-on-year in August, and a cumulative growth of 34.60% from January to August [1]. Group 5: Future Investment Outlook - CITIC Construction Investment predicts that global grid investment may exceed $400 billion by 2025, with sustained high demand. AI is expected to strongly drive global electricity demand growth, significantly increasing the demand for supporting electrical equipment, providing opportunities for Chinese companies to secure large orders worth billions [2].

Core Insights - The controllable nuclear fusion concept has seen a significant increase of 6.97%, leading the sector in gains, with 75 stocks rising, including Changfu Co., which hit a 30% limit up [1][2] Group 1: Market Performance - The controllable nuclear fusion sector attracted a net inflow of 6.055 billion yuan, with 56 stocks receiving net inflows, and 21 stocks exceeding 100 million yuan in net inflows [2] - Shanghai Electric led the net inflow with 1.180 billion yuan, followed by Rongfa Nuclear Power and Zhongzhou Special Materials with 626 million yuan and 449 million yuan respectively [2][3] Group 2: Stock Performance - Notable gainers in the controllable nuclear fusion sector include Shanghai Electric (9.96%), Rongfa Nuclear Power (10.07%), and Zhongzhou Special Materials (19.99%) [3][4] - Other significant performers include Aikesaibo (14.05%) and Jiusheng Electric (13.55%) [5][6] Group 3: Decliners - The stocks with the largest declines include Shenling Environment (-2.65%), Gaolan Co. (-0.80%), and Jingye Intelligent (-0.77%) [1][7]