Core Viewpoint - The announcement from Sanhui Electric indicates that its controlling shareholder, Shanghai Changyun, has completed the release of two equity pledges, which may reflect positively on the company's financial stability and shareholder confidence [1] Group 1: Shareholder Actions - Shanghai Changyun has released two equity pledges on November 20, 2025, totaling 2.13 million shares (8.29% of its holdings, 1.63% of total shares) and 1 million shares (3.89% of its holdings, 0.77% of total shares) [1] - As of the announcement date, Shanghai Changyun holds 25.6963 million shares, representing 19.67% of the total shares [1] - A total of 10 million shares have been pledged by Shanghai Changyun, which accounts for 38.92% of its holdings and 7.65% of the company's total shares [1] Group 2: Financial Health and Risk Management - The controlling shareholder is noted to have good creditworthiness, which may help mitigate potential risks [1] - The company will continue to monitor and disclose relevant information regarding the situation [1]

Core Viewpoint - Sanhui Electric has shown significant stock performance with a year-to-date increase of 75.37%, despite recent fluctuations in the short term [1][2]. Financial Performance - For the period from January to September 2025, Sanhui Electric achieved a revenue of 285 million yuan, representing a year-on-year growth of 79.31% [2]. - The company reported a net profit attributable to shareholders of -28.63 million yuan, a decrease of 34.39% compared to the previous year [2]. - Cumulative cash distribution since the A-share listing amounts to 45.22 million yuan, with 6.50 million yuan distributed over the last three years [3]. Stock Market Activity - As of November 14, the stock price of Sanhui Electric reached 22.00 yuan per share, with a trading volume of 51.42 million yuan and a turnover rate of 1.86%, resulting in a total market capitalization of 2.874 billion yuan [1]. - The stock has been on the龙虎榜 (top trading list) twice this year, with the latest occurrence on August 8, where net buying amounted to 2.40 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Sanhui Electric increased to 15,700, up by 145.37% from the previous period, while the average circulating shares per person decreased by 59.25% to 8,167 shares [2]. Business Overview - Sanhui Electric, established on July 16, 1996, and listed on March 23, 2017, is primarily engaged in the production, testing, and sales of electric meters and related products, with a revenue composition of 57.27% from energy storage devices and 38.75% from electric meter accessories [1][2].

Group 1 - The company held its 13th meeting of the 6th Board of Directors on November 10, 2025, with all 9 directors present, and the meeting complied with relevant regulations [2][3]. - The Board approved the proposal to adjust the specialized committees of the Board with a unanimous vote of 9 in favor, 0 against, and 0 abstentions [2][3]. Group 2 - The adjusted composition of the specialized committees is as follows: - Audit Committee: Liu Qinglin (Chairman), Zhang Hong'an, Peng Haixing - Strategy and Development Committee: Hu Kun (Chairman), Liu Qinglin, Zhang Hong'an - Nomination Committee: Zhang Hong'an (Chairman), Liu Qinglin, Hu Kun - Compensation and Assessment Committee: Liu Qinglin (Chairman), Jiang Shuling, Hu Kun [3].

Group 1 - The core point of the article is that Sanhui Electric (SZ 002857) held its 13th meeting of the 6th board of directors on November 10, 2025, to discuss the adjustment of the company's specialized committees [1] - For the first half of 2025, the revenue composition of Sanhui Electric was 57.27% from energy storage equipment and 42.73% from the instrument manufacturing industry [1] - As of the time of reporting, Sanhui Electric had a market capitalization of 2.8 billion yuan [1]

上海市锦天城律师事务所 关于郑州三晖电气股份有限公司 2025 年第三次临时股东大会的 法律意见书 关于郑州三晖电气股份有限公司 2025 年第三次临时股东大会的 法律意见书 致：郑州三晖电气股份有限公司 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 上海市锦天城律师事务所（以下简称"本所"）接受郑州三晖电气股份有限 公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）等 法律、法规、规章和规范性文件以及《郑州三晖电气股份有限公司章程》（以下 简称"《公司章程》"）的相关规定，指派律师列席公司 2025 年第三次临时股 东大会（以下简称"本次股东大会"），对本次股东大会相关事项进行见证，并 依法出具本法律意见书。 本法律意见书仅就本次股东大会的召集人资格、召集和召开程序、出席本次 股东大会现场会议人员的资格、表决程序及表决结果发表意见，而不对本次股东 大会所 ...

1、本次股东大会无否决提案的情况； 2、本次股东大会不涉及变更以往股东大会已通过的决议； 一、 会议召开和出席情况 （一）会议召开情况 证券代码：002857 证券简称：三晖电气 公告编号：2025-058 郑州三晖电气股份有限公司 2025 年第三次临时股东大会决议的公告 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。 特别提示： 1、召开时间： (1) 现场会议召开时间：2025 年 11 月 10 日下午 14:30 (2) 网络投票时间： 4、会议召集人：郑州三晖电气股份有限公司（以下简称"公司"）董事会 5、会议主持人：董事长胡坤先生 6、会议召开的合法、合规性： 公司于 2025 年 10 月 25 日召开了第六届董事会第十二次会议，会议决定于 2025 年 11 月 10 日召开公司 2025 年第三次临时股东大会。本次股东大会的召开 通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 11 月 10 日上午 9：15-9：25，9:30-11:30，下午 13:00-15:00。通过深圳证券交易所互 联网投票系统投票的具体时间为 ...

证券代码：002857 证券简称：三晖电气 公告编号：2025-059 郑州三晖电气股份有限公司 第六届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、董事会会议召开情况 郑州三晖电气股份有限公司（以下简称"公司"）召开第六届董事会第十三 次会议，本次会议经全体董事同意豁免会议通知时间要求。并于 2025 年 11 月 10 日以现场及通讯表决方式召开。会议应出席董事 9 人，实际出席董事 9 人。 本次会议由董事长胡坤先生主持。公司监事列席了本次会议。本次会议的召集、 召开和表决程序均符合《公司法》、《公司章程》的有关规定。 审计委员会：刘青林（主任委员）、张红安、彭海星 战略与发展委员会：胡坤（主任委员）、刘青林、张红安 提名委员会：张红安（主任委员）、刘青林、胡坤 薪酬与考核委员会：刘青林（主任委员）、蒋淑玲、胡坤 三、备查文件 1、第六届董事会第十三次会议决议。 特此公告。 二、董事会会议审议情况 1、以 9 票赞成，0 票反对，0 票弃权审议通过了《关于调整公司董事会专 门委员会的议案》。 同意对第六届董事会专门委员会 ...

Group 1 - The core viewpoint of the article highlights the growth in the electrical machinery and equipment manufacturing industry in China, with a notable increase in export value [1] - In September 2025, the export value of the electrical machinery and equipment manufacturing industry reached 150.53 billion yuan, representing a year-on-year growth of 7% [1] - From January to September 2025, the cumulative export value was 1,333.73 billion yuan, with a year-on-year increase of 6.4% [1] Group 2 - The article lists several publicly listed companies in the electrical machinery sector, including XJ Electric, Dongfang Electronics, and Jinzhiketech, among others [1] - The data presented is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, indicating a robust market outlook for the industry [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and consulting services [1]

Core Viewpoint - The company has begun delivering its therapeutic AI robots in the third quarter of 2025, with further details to be provided in regular reports [2]. Group 1 - Investors inquired about the shipment and order status of the company's therapeutic AI robots [2]. - The company confirmed that deliveries of the therapeutic robots have started [2].

Core Viewpoint - Sanhui Electric is a leading player in the electric meter industry, focusing on the full product chain from production to sales, with significant technological advantages [1] Group 1: Business Performance - In Q3 2025, Sanhui Electric reported revenue of 285 million yuan, ranking 13th among 14 companies in the industry, significantly lower than the top competitor, Kelu Electronics, which had revenue of 3.586 billion yuan [2] - The main business revenue composition includes energy storage equipment at 83.42 million yuan (57.27%), electric meter supporting products at 56.45 million yuan (38.75%), and other revenues at 3.29 million yuan (2.26%) [2] - The net profit for the same period was -34.515 million yuan, placing the company at the bottom of the industry rankings, with the industry average net profit being 23 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Sanhui Electric's asset-liability ratio was 48.23%, higher than the previous year's 39.73% and above the industry average of 30.70% [3] - The gross profit margin for Q3 2025 was 13.65%, significantly lower than the previous year's 31.86% and below the industry average of 34.67% [3] Group 3: Management and Shareholder Information - The chairman and general manager, Hu Kun, has a salary of 1.2 million yuan for 2024, unchanged from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 145.37% to 15,700, while the average number of circulating A-shares held per shareholder decreased by 59.25% to 8,167.43 [5] Group 4: Strategic Developments - Sanhui Electric has established Shenzhen Sanhui Energy Technology Co., Ltd. to enter the energy storage industry, which is expected to become the primary revenue source by 2024 [5] - The company has also ventured into the robotics sector, forming a partnership with Zhikepai to focus on core components and completing a strategic investment in Xiaoli Robot [5] - The company's asset structure has improved, with significant increases in cash and current asset ratios in Q1 2025 [5]