Market Overview - The ground equipment sector experienced a decline of 1.5% on September 18, with Jieqiang Equipment leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Individual Stock Performance - Notable gainers included Guoke Chegong, which rose by 2.93% to a closing price of 49.82, and Tianqiao Equipment, which increased by 1.55% to 24.96 [1] - Conversely, Jieqiang Equipment fell by 3.74% to 43.46, and other significant decliners included Beifang Navigation and Inner Mongolia First Machinery, which dropped by 1.56% and 2.11%, respectively [2] Trading Volume and Capital Flow - The ground equipment sector saw a net outflow of 176 million yuan from institutional investors, while retail investors contributed a net inflow of 152 million yuan [2] - The total trading volume for the sector was significant, with Guoke Chegong achieving a transaction amount of 437 million yuan and Longcheng Military Industry reaching 2.798 billion yuan [1][2] Capital Flow Analysis - Longcheng Military Industry had a net inflow of 130 million yuan from institutional investors, while Jieqiang Equipment faced a net outflow of approximately 38 million yuan [3] - Retail investors showed a strong interest in ST Emergency, which had a net inflow of 30 million yuan, despite the overall negative sentiment in the sector [3]

Market Overview - The ground equipment sector experienced a decline of 0.3% on September 17, with North China Long Dragon leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Notable stock performances include: - Tianzuo Equipment (300922) closed at 24.58, up 1.57% with a trading volume of 59,400 shares and a turnover of 146 million yuan [1] - ST Emergency (300527) closed at 8.60, up 1.42% with a trading volume of 298,800 shares and a turnover of 260 million yuan [1] - North China Long Dragon (301357) closed at 126.98, down 1.60% with a trading volume of 49,300 shares and a turnover of 626 million yuan [2] Capital Flow - The ground equipment sector saw a net outflow of 387 million yuan from institutional investors, while retail investors had a net inflow of 363 million yuan [2] - The capital flow for individual stocks shows: - Inner Mongolia First Machinery (600967) had a net inflow of 58.89 million yuan from institutional investors [3] - North China Navigation (600435) experienced a net outflow of 49.26 million yuan from institutional investors [3] - Galaxy Electronics (002519) had a significant net outflow of 15.13 million yuan from institutional investors [3]

Market Overview - The ground equipment sector experienced a decline of 1.32% on September 15, with Tianqin Equipment leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Individual Stock Performance - Notable declines in individual stocks include: - North Navigation (600435) closed at 14.24, up 0.28% with a trading volume of 331,800 shares and a turnover of 473 million yuan [1] - Galaxy Electronics (002519) closed at 4.97, down 0.20% with a trading volume of 198,000 shares [1] - Zhongbing Hongjian (000519) closed at 18.34, down 1.08% with a trading volume of 320,700 shares and a turnover of 591 million yuan [1] - Northern Long Dragon (301357) closed at 131.14, down 1.34% with a trading volume of 69,200 shares and a turnover of 919 million yuan [1] - Great Wall Military Industry (601606) closed at 49.17, down 1.56% with a trading volume of 579,800 shares and a turnover of 2.886 billion yuan [1] Capital Flow Analysis - The ground equipment sector saw a net outflow of 544 million yuan from institutional investors, while retail investors contributed a net inflow of 453 million yuan [2] - The capital flow for individual stocks indicates significant outflows for: - Tianqin Equipment (300922) with a net outflow of 14.05% [3] - ST Emergency (300527) with a net outflow of 16.48% [3] - North Long Dragon (301357) with a net outflow of 7.12% [3] - Zhongbing Hongjian (000519) with a net outflow of 16.66% [3]

Market Overview - The ground equipment sector increased by 2.75% compared to the previous trading day, with North China Long Dragon leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - North China Long Dragon (301357) closed at 136.33, up 12.91% with a trading volume of 86,200 shares and a transaction value of 1.105 billion [1] - Great Wall Military Industry (601606) closed at 50.50, up 7.17% with a trading volume of 669,900 shares and a transaction value of 3.251 billion [1] - Jieqiang Equipment (300875) closed at 46.83, up 5.78% with a trading volume of 85,300 shares and a transaction value of 392 million [1] - Inner Mongolia First Machinery (600967) closed at 19.97, up 4.06% with a trading volume of 647,500 shares and a transaction value of 1.270 billion [1] - China Ordnance Arrow (000519) closed at 18.69, up 3.32% with a trading volume of 437,700 shares and a transaction value of 812 million [1] Capital Flow Analysis - The ground equipment sector saw a net inflow of 148 million from institutional investors, while retail investors experienced a net outflow of 215 million [2] - The main capital inflow and outflow for specific stocks include: - Inner Mongolia First Machinery: net inflow of 10.31 million from main capital, net outflow of 101 million from retail [3] - China Ordnance Arrow: net inflow of 66.25 million from main capital, net outflow of 39.51 million from retail [3] - Jieqiang Equipment: net inflow of 46.19 million from main capital, net outflow of 72.92 million from retail [3]

Market Overview - The ground equipment sector experienced a slight decline of 0.06% on September 10, with Changcheng Military Industry leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - ST Emergency (300527) saw a closing price of 8.79, with an increase of 3.29% and a trading volume of 369,100 shares, totaling a transaction value of 322 million yuan [1] - Changcheng Military Industry (601606) closed at 46.27, down 2.36%, with a trading volume of 512,400 shares and a transaction value of 2.388 billion yuan [2] - The highest gainers included ST Emergency and Jiekang Equipment (300875), which closed at 43.70 with a 1.65% increase [1][2] Capital Flow Analysis - The ground equipment sector saw a net outflow of 364 million yuan from institutional investors, while retail investors contributed a net inflow of 458 million yuan [2] - The capital flow data indicates that ST Emergency had a net outflow of 22.25 million yuan from institutional investors, while retail investors contributed a net inflow of 10.04 million yuan [3] Summary of Key Stocks - North Navigation (600435) had a slight increase of 1.02%, closing at 13.83 with a transaction value of 429 million yuan [1] - The stock with the largest net outflow from institutional investors was Changcheng Military Industry, with a net outflow of 22.25 million yuan [3] - The overall performance of the ground equipment sector reflects mixed investor sentiment, with significant retail inflows countering institutional outflows [2][3]

Group 1 - The core point of the article is that Galaxy Electronics has confirmed that its subsidiary, Jiasheng Power, is involved in providing products and services related to charging piles [2][3] - Jiasheng Power is a joint venture of the company, focusing on the charging pile business [2]

Group 1 - Jiangsu Times Yinen New Energy Co., Ltd. is a subsidiary of the company with a holding ratio of 77% [2] - The company's new energy business includes lightweight precision structural components, energy storage, and solar energy storage charging [2]

Meeting Details - The first extraordinary general meeting of shareholders was held on September 5, 2025, with a total of 665 shareholders and proxies present, representing 264,574,334 shares, which is 23.4878% of the total voting shares [3][4] - The meeting was conducted both in-person and via online voting, with specific time slots allocated for voting [2][3] Resolutions Passed - The meeting approved the proposal to change the company's business scope and amend the Articles of Association, with 263,800,194 votes in favor, accounting for 99.7074% of the votes cast [5][6] - The meeting also approved several amendments to internal governance rules, including: - Revision of the Shareholders' Meeting Rules, with 263,780,794 votes in favor (99.7001%) [7] - Revision of the Board Meeting Rules, with 259,739,261 votes in favor (98.1725%) [7] - Revision of the Independent Director System, with 259,694,361 votes in favor (98.1555%) [8] - Revision of the Related Party Transaction Management System, with 259,692,061 votes in favor (98.1547%) [8] - Revision of the Cumulative Voting Implementation Rules, with 259,684,661 votes in favor (98.1519%) [9] Legal Compliance - The meeting was witnessed by lawyers from Beijing Hairun Tianrui Law Firm, who confirmed that the meeting's procedures and resolutions complied with the Company Law and other relevant regulations [10] Share Pledge Release - The controlling shareholder, Galaxy Electronics Group, announced the release of part of its pledged shares, reducing the pledged shares from 47.71% to 33.38% of its total holdings [12][13] - The controlling shareholder confirmed that there are no non-operating fund occupations or violations that could harm the interests of the listed company [13]

Meeting Details - The meeting was held on September 5, 2025, at 14:45, with both on-site and online voting options available [1][2] - A total of 5 shareholders attended the meeting in person, representing 23.4878% of the voting shares [1] - Online voting included 660 shareholders, representing 10,236,163 shares, which is 0.9087% of the total voting shares [2] Resolutions Passed - The shareholders approved the proposal to change the company's business scope and amend the Articles of Association, with 263,800,194 votes in favor, accounting for the majority of the voting shares [2] - The proposal to amend the internal governance system was also approved, including: - Amendment of the Shareholders' Meeting Rules, with 263,780,794 votes in favor [3] - Amendment of the Board Meeting Rules, with 259,739,261 votes in favor, representing 98.1725% of the voting shares [3] - Amendment of the Independent Director System, with 259,694,361 votes in favor [3] - Amendment of the Related Party Transaction Management System, with 259,692,061 votes in favor, representing 98.1547% of the voting shares [3] - Amendment of the Cumulative Voting Implementation Rules, with 259,684,661 votes in favor, representing 98.1519% of the voting shares [3] Legal Opinion - The legal opinion provided by Beijing Hairun Tianrui Law Firm confirmed that the meeting's procedures, participant qualifications, and voting results complied with the Company Law and relevant regulations, deeming the resolutions valid [4]

Core Viewpoint - The legal opinion letter confirms that the procedures for convening and holding the extraordinary general meeting of Jiangsu Galaxy Electronics Co., Ltd. comply with relevant laws and regulations, ensuring the legitimacy and effectiveness of the resolutions made during the meeting [2][7][10]. Group 1: Meeting Procedures - The extraordinary general meeting was convened by the company's board of directors, with the notice published on August 19, 2025, in various financial newspapers and on the official website [3][4]. - The meeting utilized a combination of on-site voting and online voting, with specific time slots for each voting method on September 5, 2025 [4][5]. Group 2: Attendance and Qualifications - A total of 665 shareholders and their proxies attended the meeting, representing 264,574,334 shares, which constitutes a significant portion of the company's voting shares [7]. - The qualifications of the attendees and the convenor were verified and found to be in compliance with the Company Law and the company's articles of association [7][10]. Group 3: Resolutions and Voting Results - The meeting reviewed several proposals, including amendments to the company's business scope and governance structure, all of which were consistent with the agenda published in the notice [8][9]. - Voting results indicated strong support for the proposals, with the majority of votes in favor, meeting the required thresholds for approval [8][9].