Group 1 - The Shanghai Composite Index closed at 3832.90 points, below the five-day moving average, with a change of 0.13% [1] - The total trading volume of A-shares reached 1,293.742 billion yuan [1] - A total of 985 A-shares have prices that broke through the five-day moving average, with notable stocks including Changhua Chemical, Guanzhong Ecology, and Kaiwang Technology, which have deviation rates of 13.62%, 13.44%, and 10.09% respectively [1] Group 2 - The top three stocks with the highest deviation rates from the five-day moving average are: - Changhua Chemical (20.01% increase, 13.62% deviation) - Guanzhong Ecology (20.00% increase, 13.44% deviation) - Kaiwang Technology (14.25% increase, 10.09% deviation) [2] - Other notable stocks with significant increases include: - Liwang Co. (12.43% increase, 8.69% deviation) - Heshun Electric (10.22% increase, 8.27% deviation) - Ailuo Energy (12.16% increase, 8.00% deviation) [2] - The trading volume and price changes of these stocks indicate strong market interest and potential investment opportunities [2][3]

Core Viewpoint - The solid-state battery sector is experiencing significant growth, driven by strong market demand, supportive policies, and technological advancements, with key players in the industry showing robust stock performance [1][2][3] Group 1: Market Performance - On September 29, 2025, the solid-state battery sector saw strong upward movement, with stocks like Shida Shenghua and Dofluorid rising to their daily limit [1] - The battery ETF (159755) reached a nearly three-year high, with a price increase of over 4% during the morning session, and has seen a net inflow of 6 billion yuan over the past 20 trading days [1] - The energy storage battery ETF (159305) also rose over 3%, with a turnover rate of 12%, indicating strong market interest [1] Group 2: Policy and Industry Developments - Eight government departments issued a plan to accelerate the application verification of high-end products like solid-state battery materials [2] - The Ministry of Industry and Information Technology released an action plan to support foundational research in cutting-edge technologies, including solid-state batteries [2] - A new "Solid-State Battery Intelligent Manufacturing Platform" was established, indicating a collaborative effort among domestic lithium battery equipment companies [2] Group 3: Industry Outlook - The global solid-state battery industry is transitioning from research to commercialization, with China expected to achieve small-scale production by around 2027 [3] - The solid-state battery sector is projected to enter a critical phase of pilot production in the second half of 2025, with expectations of significant output growth by 2030 [3] - The overall battery industry is experiencing improved market conditions, with policies driving demand for energy storage solutions [3]

Group 1 - The core viewpoint of the news is that Xizi Clean Energy has seen a significant increase in its stock price, rising by 5.87% to 16.23 CNY per share, with a total market capitalization of 13.567 billion CNY [1] - Xizi Clean Energy, established in Hangzhou, Zhejiang Province, specializes in the manufacturing of heat recovery boilers, power station boilers, auxiliary equipment, and industrial boilers, with its main business revenue composition being: solutions 50.21%, heat recovery boilers 18.98%, clean energy equipment 17.00%, spare parts and services 10.14%, and others 3.67% [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Xizi Clean Energy, having increased its holdings by 414,600 shares in the second quarter, now holding 2.0683 million shares, which accounts for 0.28% of the circulating shares [2] - The Southern CSI 1000 ETF has a total scale of 64.953 billion CNY and has achieved a year-to-date return of 25.56%, ranking 2090 out of 4220 in its category, with a one-year return of 53.35%, ranking 1382 out of 3835 [2]

Summary of XiZi Clean Energy Conference Call Company Overview - **Company**: XiZi Clean Energy - **Date**: September 26, 2025 Key Points Industry and Market Position - **Traditional Boiler Market**: XiZi Clean Energy has a strong performance in the traditional boiler market, with a domestic gas turbine project win rate exceeding 50% and a dry quenching market share over 60% [2][6] - **Product Line**: The company has a diverse product line and a competitive edge in waste heat recovery in high energy-consuming industries [2][6] Financial Performance - **Employee Stock Ownership Plan**: The third phase of the employee stock ownership plan has been initiated, with profit indicators nearing 400 million yuan [2][4] - **Revenue and Orders**: For the first half of 2025, the company reported approximately 2.8 billion yuan in revenue and 2.784 billion yuan in new orders, with a significant order confirmation expected in Q3 [4][10] - **Gross Margin**: The gross margin has rebounded to 20.55%, indicating improved order profitability and quality control [5] Strategic Initiatives - **Expansion into Solar Thermal and Nuclear Power**: The company is actively investing in solar thermal and nuclear power sectors, participating in the construction of a 350 MW solar thermal power station in Qinghai, with costs per kilowatt-hour reduced to around 0.50 yuan [2][7][12] - **Nuclear Power Orders**: Expected to secure 300-500 million yuan in new nuclear power orders next year, with a target of reaching 2 billion yuan in five years [2][9][13] Leadership and Governance - **New Chairman's Vision**: The new chairman, Wang Kefe, has outlined a clear development direction focusing on enhancing competitiveness in thermal power and nuclear energy, improving management efficiency, and emphasizing market capitalization management [2][8][15] Shareholder Structure Changes - **Shareholding Adjustments**: The completion of the convertible bond conversion has increased public shareholding from 20% to approximately 33%, enhancing market liquidity and transparency [3] Future Outlook - **Growth in Solar Thermal Market**: The company anticipates significant growth in the solar thermal market, with a target to reduce costs to 0.40 yuan per kilowatt-hour during the 14th Five-Year Plan [12][17] - **Nuclear Fusion Initiatives**: XiZi Clean Energy is exploring opportunities in the nuclear fusion sector, aiming to establish long-term partnerships for equipment manufacturing [9][16] Competitive Landscape - **Solar Thermal Business**: The company holds about one-third market share in solar thermal projects, but faces increasing competition from other players [17][18] - **Profitability in Solar Thermal**: The gross margin for solar thermal projects exceeds 25%, significantly higher than traditional business lines [18] Conclusion - XiZi Clean Energy is positioned for growth with strategic investments in renewable energy sectors, a solid financial foundation, and a proactive leadership approach aimed at enhancing operational efficiency and market presence.

Summary of XiZi Energy Conference Call Company Overview - XiZi Energy is part of XiZi United Holdings Group, a strong player in the Chinese private enterprise sector, providing substantial support for the company's development [7] Key Business Segments - XiZi Energy's core business is divided into three segments: waste heat boilers, solar thermal energy, and nuclear power, including potential nuclear fusion [3] - The company is a leader in the waste heat boiler market, holding nearly 50% market share, particularly in gas turbine waste heat boilers [3] Financial Performance and Projections - Orders and profitability are expected to show marginal improvement starting in 2025, driven by the digestion of low-quality orders and an increase in overseas revenue, projected to reach 20% in 2025 and potentially 40%-50% in the following years [2][3] - Estimated revenue for 2025 is approximately 400 million yuan, increasing to 500 million yuan in 2026, aligning with the company's equity incentive targets [4][12] - Current valuation is around 30 times PE, expected to decrease to 25-26 times in the next year, indicating the stock is at a relatively low point [4][12] Solar Thermal Energy Sector - XiZi Energy's solar thermal products, including heat collectors and heat exchangers, account for about 15%-20% of the total value in solar thermal systems [4] - The solar thermal industry underperformed during the 14th Five-Year Plan due to a lack of independent pricing, but the introduction of a benchmark price of 0.55 yuan/kWh in Qinghai province in 2024 is expected to enhance economic viability [10] Nuclear Power and Fusion Potential - Nuclear power and potential nuclear fusion are seen as significant growth areas for XiZi Energy, with a cash reserve of 3.4 billion yuan available for investment in these sectors [6][11] - The new chairman's focus on nuclear power is expected to enhance the company's capabilities and resource allocation [11] Management and Strategic Changes - The appointment of a new chairman in May has strengthened company management, which is anticipated to lead to significant changes and improvements in performance [7][11] - The founder's connections within the Zhejiang business community are viewed as beneficial for the company's development [7] Macro Environment Impact - An upward trend in the domestic macroeconomic environment could further enhance the company's performance, with traditional waste heat boilers already showing strong alpha effects through overseas market expansion [8][9] Long-term Outlook - The combination of a rebound in core business, marginal changes in the solar thermal sector, and strategic positioning in nuclear power and fusion suggests a promising long-term growth trajectory for XiZi Energy [13]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002534 证券简称：西子洁能 编号：2025－102 债券代码：127052 债券简称：西子转债 西子清洁能源装备制造股份有限公司 第六届董事会第二十八次临时会议决议公告 本公司及董事会全体成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。 西子清洁能源装备制造股份有限公司（以下简称"公司"或"西子洁能"）第六届董事会第二十八次临时会 议通知于2025年9月21日以邮件、专人送达等形式发出，会议于2025年9月26日以通讯表决方式召开，应 参加表决董事9人，实际参加表决董事9人，符合《公司法》《公司章程》等的有关规定。会议由公司董 事长王克飞先生召集，经全体董事通讯表决形成如下决议： 一、《关于变更注册资本、变更经营范围、取消监事会并修订〈公司章程〉的议案》 根据公司实际经营情况、总股本变化情况，公司董事会同意变更注册资本、增加经营范围并对《公司章 程》有关条款进行修订，同时提请股东大会授权公司管理层办理前述工商变更登记、备案等事宜。公司 经营范围变更情况，最终以市场监督管理部门核准、登记信息为准。 表决结果：同意：9 ...

Core Points - Xizi Clean Energy Equipment Manufacturing Co., Ltd. (referred to as "Xizi Clean Energy") revised its articles of association on September 26 to further standardize the company's organization and behavior, protecting the legitimate rights and interests of the company, shareholders, employees, and creditors [1] - The company, formerly known as Hangzhou Boiler Group Co., Ltd., was listed on the Shenzhen Stock Exchange on January 10, 2011, with a registered capital of 836 million yuan, engaging in special equipment design and manufacturing, as well as new energy equipment manufacturing and sales [1] Summary by Sections Company Structure and Governance - The revised articles provide detailed regulations regarding shares, shareholders and shareholder meetings, directors and the board of directors, and senior management [1] - In terms of shares, the rules for issuance, increase, decrease, repurchase, and transfer of shares are clearly defined [1] - The sections on shareholders and shareholder meetings outline the rights and obligations of shareholders, as well as the processes for convening, proposing, notifying, holding, voting, and making resolutions [1] - The board of directors section specifies the qualifications and responsibilities of directors, the composition and powers of the board, procedural rules, and details regarding independent directors and board committees [1] - The senior management section clarifies the appointment, responsibilities, and work details of managers and deputy managers [1] Financial and Operational Regulations - The articles also standardize the company's financial accounting system, profit distribution, auditing, notifications and announcements, mergers, divisions, capital increases and decreases, dissolution and liquidation, and amendments to the articles [1] - This revision is expected to enhance corporate governance for Xizi Clean Energy and lay a solid foundation for the company's long-term development [1]

西子洁能于2025年9月26日召开相关会议，审议通过将募投项目"新能源科技制造产业基地（浙江西子新 能源有限公司年产580台套光热太阳能吸热器、换热器及导热油换热器、锅炉项目）"和"补充流动资金 项目"予以结项，并将节余募集资金用于永久补充流动资金的议案。 募集资金基本情况回顾 经证监会核准，西子洁能于2021年12月24日公开发行可转换公司债券11.1亿元，期限6年。扣除发行费 用1369.82万元后，实际募集资金净额为10.96亿元，该资金已于2021年12月30日到位。 募投项目规划与实际情况 责任编辑：小浪快报 节余资金使用计划明晰 根据募集说明书，募集资金净额拟用于"新能源科技制造产业基地"项目10.3亿元和"补充流动资金"项目 0.8亿元 。截至2025年9月22日，两项目已达预定可使用状态，拟进行结项。两项目具体情况如下： | 序号 | 项目名称 | 拟投入募集资金额 | 募集资金净额 | 累计收到银行存款利息及理财收益扣除手续费等 的净额 | 累计投入募集资金金额 | 募集资金投资进度 | 节余募集资金 | | --- | --- | --- | --- | --- | --- | --- | ...

每经头条（nbdtoutiao）——5年增长33倍，这类新险种卖爆了，身边很多人都需要，30多家险企蜂拥而 入⋯⋯ （记者 张喜威） 每经AI快讯，西子洁能（SZ 002534，收盘价：15.33元）9月26日晚间发布公告称，公司第六届第二十 八次董事会临时会议于2025年9月26日以通讯表决方式召开。会议审议了《关于变更注册资本、变更经 营范围、取消监事会并修订 <公司章程> 的议案》等文件。 2025年1至6月份，西子洁能的营业收入构成为：锅炉及原动机制造业占比96.05%，贸易服务及其他占 比3.95%。 截至发稿，西子洁能市值为128亿元。 ...

浙商证券股份有限公司（以下简称"浙商证券"或"保荐机构"）作为西子 清洁能源装备制造股份有限公司（以下简称"西子洁能"或"公司"）公开发行 可转换公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公 司募集资金监管规则》《深圳证券交易所股票上市规则》《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作（2025 年修订）》以及《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》等相关规定，对西子 洁能募投项目结项并将节余募集资金永久补充流动资金的情况进行了专项核查， 核查情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准杭州锅炉集团股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2021〕3768 号）核准，公司公开发行可转 换公司债券 11,100,000 张，每张面值为人民币 100.00 元，按面值发行，发行总 额为人民币 1,110,000,000 元，扣除承销及保荐费（不含增值税）人民币 10,471,698.11元后实际收到的金额为人民币1,099,528,301.89元。另减除律师费、 验资费、资信评级费和发行手续费等与本次发 ...