证券日报网讯 11月5日晚间，摩恩电气发布公告称，公司股票交易价格连续3个交易日内（2025年11月3 日、2025年11月4日、2025年11月5日）收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动的情 况。经核实，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） ...

Core Viewpoint - The electric grid equipment sector experienced a significant surge in stock prices on November 5, with multiple companies reaching their daily price limits and others showing substantial gains [1]. Group 1: Stock Performance - Zhongzhi Technology (众智科技) saw a price increase of 19.99%, reaching a price of 40.70 [2]. - China Energy Electric (中能电气) also rose by 19.95%, with a price of 9.20 [2]. - Other notable performers included Caneng Electric (灿能电力) with an 18.01% increase, and Shuangjie Electric (双杰电气) which rose by 14.32% [2]. - Solar Cable (太阳电缆) and Moen Electric (摩恩电气) both achieved gains of over 10%, with increases of 10.03% and 10.01% respectively [2]. - Additional companies such as Shenma Electric (神马电力) and Baobian Electric (保变电气) also showed strong performance, with price increases of 10.00% and 9.99% respectively [2].

Core Viewpoint - Moen Electric announced on November 5 that its stock price had deviated significantly, with a cumulative increase of over 20% in closing prices over three consecutive trading days, indicating abnormal trading activity [1] Summary by Relevant Sections Company Operations - The company confirmed that its recent operational conditions are normal and that there have been no significant changes in the internal and external operating environment [1] - There are no undisclosed significant matters related to the company that should have been disclosed, nor are there any major matters in the planning stage [1] Stock Trading Activity - During the period of abnormal stock price fluctuations, the company's controlling shareholders and actual controllers did not engage in buying or selling the company's stock [1] - The company did not find any recent media reports that could have significantly impacted its stock trading prices with undisclosed major information [1]

Core Viewpoint - Moen Electric's stock price has experienced a significant deviation, with a cumulative increase of over 20% in closing prices over three consecutive trading days (November 3, 4, and 5, 2025) [1] Summary by Relevant Sections - **Stock Price Movement** - The stock price of Moen Electric has shown abnormal fluctuations, exceeding a 20% increase over three trading days [1] - **Company's Response** - The company's board has confirmed that there are no corrections or supplements needed for previously disclosed information [1] - No significant undisclosed information has been found that could impact the stock price [1] - **Operational Status** - The recent operational conditions of the company are normal, with no major changes in the internal or external business environment [1] - **Disclosure Compliance** - The company and its controlling shareholders have not engaged in any undisclosed significant matters or transactions during the period of stock price fluctuation [1] - The board has confirmed that there are no undisclosed matters that should be disclosed, ensuring compliance with fair information disclosure [1] - **Investor Advisory** - The company advises investors to refer to designated media outlets for official information and to invest rationally while being aware of risks [1]

上海摩恩电气股份有限公司 股票交易异常波动公告 本公司及董事会全体人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。 证券代码：002451 证券简称：摩恩电气 公告编号：2025-053 一、股票交易异常波动的情况介绍 上海摩恩电气股份有限公司（以下简称"公司"或"本公司"）（证券简称： 摩恩电气，证券代码：002451）股票交易价格连续 3 个交易日内（2025 年 11 月 3 日、2025 年 11 月 4 日、2025 年 11 月 5 日）收盘价格涨幅偏离值累计超过 20%， 根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实的情况说明 针对公司股票交易异常波动，公司董事会通过电话、现场问询等方式对公司 控股股东、实际控制人、公司董事及高级管理人员就相关问题进行核实，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公司股票交易价格产生较 大影响的未公开重大信息。 3、近期公司经营情况正常，内外部经营环境未发生重大变化。 4、公司及控股股东、实际控制人不存在关于 ...

（文章来源：证券日报） 证券日报网讯摩恩电气11月5日在互动平台回答投资者提问时表示，截至2025年10月31日，公司登记在 册股东户数（含信用账户合并）为27534户。 ...

Market Overview - On November 5, A-shares saw all three major indices open lower but close higher, with the Shanghai Composite Index rising by 0.23%, the Shenzhen Component Index by 0.37%, and the ChiNext Index by 1.03% [1][2] - The total market turnover reached 1.89 trillion, with over 3,300 stocks rising [1] Sector Performance - The electric grid equipment sector experienced a surge, with nearly 20 stocks hitting the daily limit [4] - Other sectors that performed well included lithium batteries and energy storage, with stocks like Xiangtan Electric and Longpan Technology also hitting the daily limit [5] Electric Grid Equipment Sector - The electric grid equipment sector saw significant activity, with stocks such as Baobian Electric and Caneng Power reaching their daily limits [4] - The sector's growth is supported by a shift towards a new energy system and increased demand for electricity to support GPU operations, as highlighted by Microsoft CEO Satya Nadella [4] Lithium Battery and Energy Storage Sector - The lithium battery and energy storage sectors showed strong performance, with companies like EVE Energy and Sungrow Power exceeding 7% gains [5] - The demand for energy storage is increasing, with global lithium battery storage installations expected to exceed 170 GWh by the third quarter of 2025, marking a 68% year-on-year growth [5] International Investment Sentiment - Goldman Sachs CEO David Solomon indicated that international investors are likely to continue returning to the Chinese market, with a notable 80% year-on-year increase in the Chinese stock market this year [6] - Solomon emphasized the importance of maintaining a long-term investment perspective despite potential short-term market fluctuations [6]

Market Performance - The three major indices opened lower but closed higher, with the Shanghai Composite Index rising by 0.23%, the Shenzhen Component Index by 0.37%, the ChiNext Index by 1.03%, and the STAR Market 50 Index by 0.23% [2] - Over 3,100 stocks in the two markets rose, with a total trading volume of approximately 1.87 trillion yuan [2] Hainan Sector - The Hainan sector saw significant gains, with companies like Hainan Development, Haima Automobile, and Hainan Strait Holdings experiencing substantial increases [3] - A new duty-free shopping policy in Hainan, effective from November 1, expands the range of duty-free goods and increases the annual duty-free allowance for travelers to 100,000 yuan, enhancing shopping options for tourists [3] - The Hainan Free Trade Port is set to officially start operations on December 18, further boosting the sector [3] Electric Equipment Sector - The electric equipment sector performed strongly, with companies like Zhongneng Electric and Jinpan Technology seeing gains of nearly 20% [3] - Microsoft CEO Satya Nadella highlighted a power shortage as a key issue for the AI industry, indicating a potential increase in demand for electric equipment to support GPU operations [3] Energy Storage and Lithium Battery Sector - Dongwu Securities revised its forecast for U.S. energy storage installations in 2026 to 76 GWh, a year-on-year increase of nearly 44%, with significant contributions from data centers [4] - The lithium battery supply chain is experiencing active orders, with a year-on-year production increase of 35% reported for major battery manufacturers [4] - Prices for key lithium battery materials have seen a rebound, with lithium carbonate rising to 80,600 yuan per ton and lithium hexafluorophosphate increasing by 46.4% [4] Coal and Steel Sector - The coal and steel sectors showed strong performance, with companies like Antai Group and Vanadium Titanium Holdings rising by 10% [5] - CITIC Securities anticipates a quarter-on-quarter increase of over 15% in the average price of thermal coal at ports, with potential price peaks exceeding 850 yuan per ton [5] - The sector is expected to maintain a rebound due to improvements in policy, coal prices, and earnings expectations [5] Weak Sectors - The innovative drug and semiconductor sectors faced declines, with companies like 3SBio and Hua Hong Semiconductor experiencing significant drops [5] - The liquor and gaming sectors also weakened, with Perfect World and Kweichow Moutai seeing notable declines [5]

Group 1 - The A-share market saw a significant surge in electric grid equipment stocks, with notable performances including Caneng Electric reaching a 30% limit up and Yinen Electric rising by 23% [1][2] - Other companies such as Shuangjie Electric, Zhongzhi Technology, Jinguang Electric, and others also experienced limit up of 20%, indicating a strong market trend in this sector [1][2] - Microsoft CEO Satya Nadella highlighted that the current challenge in the AI industry is not an excess of computing power but rather a lack of sufficient electricity to support all GPU operations [1] Group 2 - Caneng Electric's market capitalization is reported at 2.244 billion, with a year-to-date increase of 157.73% [2] - Yinen Electric has a market cap of 1.851 billion and a year-to-date increase of 21.78% [2] - Other companies like Shuangjie Electric and Zhongzhi Technology have market caps of 7.898 billion and 4.735 billion respectively, with year-to-date increases of 42.71% and 37.87% [2]

Core Insights - The electric grid equipment sector experienced significant stock price increases, with several companies reaching their daily price limits, indicating strong market interest and potential investment opportunities [2][5][6] Group 1: Market Movements - Companies such as Baobian Electric (保变电气) and Caneng Electric (灿能电力) saw their stock prices surge, with Baobian Electric hitting the daily limit and Caneng Electric increasing by 30% [2][5] - Other notable performers included Zhongzhi Technology (众智科技) and Zhongneng Electric (中能电气), both achieving 20% increases, while several other stocks rose over 10% [2][6] Group 2: Industry Developments - Microsoft CEO Satya Nadella highlighted a critical issue in the AI industry, stating that the lack of sufficient power to support GPU operations is a significant challenge, which may drive demand for electric power solutions [2] - The East Asia Summit Clean Energy Forum revealed that China and ASEAN have established 16 cross-border power transmission lines, with over 190 cooperative projects and a total investment exceeding $92 billion [3] - The ASEAN Energy Cooperation Action Plan aims to increase the share of renewable energy equipment to 45% by 2030, indicating substantial growth potential in renewable energy installations [3] Group 3: Future Outlook - Huatai Securities emphasized the importance of building a new energy system and integrating renewable energy with storage solutions to ensure system stability and carbon reduction [4] - The global energy storage market is expected to grow significantly, with Sunshine Power projecting a 40-50% increase in demand by 2026, suggesting a favorable environment for storage companies [3][4]