Core Viewpoint - Tianwo Technology (002564.SZ) announced the termination of the voting rights entrustment agreement between Mr. Chen Yuzhong and Shanghai Electric, effective from October 20, 2025, which does not change the control of the company [1] Shareholding Structure - After the termination of the voting rights entrustment, Shanghai Electric directly holds 116 million shares, accounting for 13.51% of the total share capital of the company [1] - The controlling shareholder, Shanghai Electric Holding Group Co., Ltd. (referred to as "Electric Holding"), directly holds 132.459 million shares, representing 15.42% of the total share capital [1] - Together, Electric Holding and Shanghai Electric hold a total of 248.459 million shares, which is 28.93% of the company's total share capital [1]

苏州天沃科技股份有限公司 简式权益变动报告书 上市公司名称：苏州天沃科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：天沃科技 股票代码：002564 信息披露义务人 1：上海电气集团股份有限公司 注册地址：上海市华山路 1100 弄 16 号 截至本报告书签署日，除本报告书披露的信息外，信息披露义务人没有通过 任何其他方式增加或减少其在苏州天沃科技股份有限公司中拥有权益的股份。 通讯地址：上海市黄浦区四川中路 110 号 信息披露义务人 2：上海电气控股集团有限公司 注册地址：上海市黄浦区四川中路 110 号 通讯地址：上海市黄浦区四川中路 149 号 股份变动性质：表决权委托解除，权益减少 签署日期：2025 年 10 月 20 日 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》、《上市公 司收购管理办法》、《公开发行证券的公司信息披露内容与格式准则第 15 号—— 权益变动报告书》及相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人所任职或持有权益公司的章程或内部规则中的任何条款，或与 之相冲突。 ...

1．上海电气集团股份有限公司（以下简称"上海电气"）和陈玉忠先生解除 表决权委托后，其所持有的股份对应表决权不再合并计算。 2．本次权益变动不涉及公司控股股东和实际控制人发生变更的情形，不涉及 通过二级市场减持公司股份。 苏州天沃科技股份有限公司（以下简称"公司"）于近日收到公司股东上海电 气和陈玉忠先生解除表决权委托的通知。现将具体情况公告如下： 证券代码：002564 证券简称：天沃科技 公告编号：2025-047 苏州天沃科技股份有限公司 关于股东解除表决权委托暨权益变动的提示性公告 股东上海电气控股集团有限公司、上海电气集团股份有限公司保证信息 披露的内容真实、准确和完整，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。 特别提示： 一、解除表决权委托的情况 2025 年 10 月 20 日，陈玉忠先生与上海电气签署了《表决权委托协议终止协 议》。根据该协议，自协议签署生效之日起，陈玉忠先生与上海电气的表决权委托 关系解除。 本次表决权委托解除后，上海电气直接持有公司 11,600.0 万股股份，占公司总 股本的 13.51%；公司控股股东上海 ...

Group 1 - Tianwo Technology's stock price increased by 2.10% to 8.28 CNY per share, with a total market capitalization of 7.112 billion CNY as of October 21 [1] - The company has seen a year-to-date stock price increase of 86.07%, but has experienced a decline of 2.93% over the last five trading days and 5.91% over the last twenty days [1] - Tianwo Technology has appeared on the stock market's "龙虎榜" (top trading list) five times this year, with the most recent appearance on July 14 [1] Group 2 - Tianwo Technology's main business segments include energy engineering services (67.37% of revenue), high-end equipment manufacturing (17.68%), and defense construction [1] - As of June 30, the number of shareholders increased by 35.91% to 43,600, while the average number of tradable shares per person decreased by 26.42% to 19,691 shares [2] - For the first half of 2025, the company reported revenue of 1.241 billion CNY, a year-on-year increase of 3.61%, but a net loss of 9.0621 million CNY, a decrease of 158.43% compared to the previous year [2] Group 3 - Since its A-share listing, Tianwo Technology has distributed a total of 65.4513 million CNY in dividends, with no dividends paid in the last three years [3]

证券之星消息，10月10日专业工程板块较上一交易日下跌0.1%，天沃科技领跌。当日上证指数报收于 3897.03，下跌0.94%。深证成指报收于13355.42，下跌2.7%。专业工程板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 605598 | 肥肥史上 | 26.65 | 6.94% | 12.65万 | 3.35 Z | | 605167 | 利柏特 | 11.42 | 4.87% | 22.29万 | 2.52亿 | | 002743 | 富煌钢构 | 5.36 | 4.28% | 31.06万 | 1.66亿 | | 600496 | 精工钢构 | 3.82 | 3.80% | 59.63万 | 2.26亿 | | 002135 | 东南网架 | 4.58 | 2.46% | 35.67万 | 1.61亿 | | 605289 | 罗曼股份 | 75.80 | 2.40% | 7.59万 | 5.88亿 | | 002593 | 日上集团 | 5.22 | 2. ...

Core Insights - The professional engineering sector experienced a rise of 2.21% on September 30, with Shikong Technology leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Shikong Technology (605178) closed at 35.83, with a gain of 10.01% and a trading volume of 57,600 shares [1] - China Zhongzhi (601618) also saw a significant increase of 10.00%, closing at 3.85 with a trading volume of 4,899,700 shares [1] - Other notable performers included Roman Co. (605289) with a 6.11% increase, and Honglu Steel Structure (002541) with a 5.40% increase [1] Market Capital Flow - The professional engineering sector saw a net inflow of 409 million yuan from institutional investors, while retail investors experienced a net outflow of 262 million yuan [2] - The main stocks with significant net inflows included China Zhongzhi with 426 million yuan and Roman Co. with 77.27 million yuan [3] - Conversely, retail investors showed a net outflow from stocks like China Zhongzhi and Roman Co., indicating a shift in investment behavior [3]

Market Overview - On September 26, the professional engineering sector rose by 0.32% compared to the previous trading day, with Donghua Technology leading the gains [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Top Performers - Donghua Technology (002140) closed at 12.27, up 10.04%, with a trading volume of 549,800 shares and a transaction value of 656 million [1] - Shenghui Integration (603163) closed at 47.91, up 10.01%, with a trading volume of 54,300 shares and a transaction value of 251 million [1] - Yaxiang Integration (603929) closed at 44.78, up 6.29%, with a trading volume of 64,100 shares and a transaction value of 282 million [1] Market Capital Flow - The professional engineering sector saw a net inflow of 126 million from institutional investors, while retail investors experienced a net outflow of 12.29 million [2] - Major stocks in the sector showed varying levels of net inflow and outflow from different investor types [3] Individual Stock Performance - Donghua Technology had a net inflow of 14.21 million from institutional investors, while retail investors had a net outflow of 10 million [3] - Shenghui Integration experienced a net inflow of 62.13 million from institutional investors, with a net outflow of 39.47 million from retail investors [3] - Other notable stocks include Huasheng Huayuan (601096) with a net inflow of 21.90 million from institutional investors and a net outflow of 26.81 million from retail investors [3]

Market Overview - On September 25, the professional engineering sector rose by 0.43% compared to the previous trading day, with Haibo Heavy Industry leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Top Performers - Haibo Heavy Industry (300517) closed at 13.20, up 10.83% with a trading volume of 219,300 shares and a transaction value of 282 million [1] - Tianwo Technology (002564) closed at 9.19, up 7.74% with a trading volume of 943,900 shares and a transaction value of 858 million [1] - China Zhongzhi (601618) closed at 3.43, up 3.63% with a trading volume of 2,164,400 shares and a transaction value of 744 million [1] Underperformers - Mu Jia Technology (835857) closed at 7.21, down 3.99% with a trading volume of 53,700 shares and a transaction value of 39.42 million [2] - ST Tianlong (300029) closed at 5.71, down 3.55% with a trading volume of 35,200 shares and a transaction value of 20.39 million [2] - Shenghui Integration (603163) closed at 43.55, down 3.35% with a trading volume of 30,800 shares and a transaction value of 135 million [2] Capital Flow - The professional engineering sector saw a net inflow of 83.26 million from institutional investors, while retail investors experienced a net outflow of 69.45 million [2] - Major stocks like China Zhongzhi and Tianwo Technology attracted significant net inflows of 96.10 million and 93.25 million respectively, while retail investors withdrew 91.21 million and 28.78 million from these stocks [3]

Investment Rating - The report maintains a strong buy recommendation for companies such as Goldwind Technology, Longi Green Energy, and Sungrow Power Supply [2] Core Insights - The global shipping industry is undergoing a green transition driven by the IMO's emission reduction targets and the European carbon tax, with green methanol expected to be a major alternative fuel by 2030, potentially increasing current methanol demand by 40% [1][6] - Major shipyards are actively preparing for methanol vessels, with a concentrated delivery period expected in 2026 [1] - The price of green methanol is currently high, necessitating significant cost reductions in the future [1][6] Industry Overview - The shipping fuel market consumes approximately 300 million tons annually, contributing over 2% of global CO₂ emissions [10] - The International Maritime Organization (IMO) has set ambitious targets for emission reductions, aiming for a 20%-30% reduction by 2030 and net-zero emissions by 2050 [10][11] - The European Union's inclusion of shipping in its carbon trading system (ETS) starting in 2024 will further incentivize the transition to green fuels [11] Green Methanol as a Key Choice - Green methanol is positioned as a long-term solution for shipping fuel due to its advantages such as flexible storage, lower cost per energy unit, and environmental friendliness [6][19] - The global demand for methanol is projected to increase significantly, with estimates suggesting that if methanol's share in shipping fuel reaches 10% by 2030, it could add over 50 million tons to global methanol demand [43][50] Production and Cost Considerations - The production of green methanol is currently limited by high costs and stringent EU definitions, with biomass gasification and fermentation being the main production routes [1][23] - The current price of green methanol exceeds 7000 RMB per ton, making it economically unfeasible for shipowners without further cost reductions [1][23] Key Companies - The report highlights several companies to watch, including Goldwind Technology, Longi Green Energy, Sungrow Power Supply, and others involved in the green methanol production and supply chain [6][51]

Group 1 - The company does not hold any shares in Shenzhen Xinkailai and has not engaged in any related business activities [1]