Core Insights - Jiuzhou Group's subsidiary, Jiuzhou Electric Technology Co., Ltd., has successfully won the bid for the power factor reactive compensation device project from China FAW Group's Energy Division [1] Company Summary - Jiuzhou Electric Technology Co., Ltd. is a subsidiary of Jiuzhou Group [1] - The company is involved in projects related to power factor correction and reactive power compensation [1] Industry Summary - The project is part of the broader energy sector, focusing on improving power quality and efficiency [1] - Winning such contracts indicates a competitive position within the energy technology market [1]

Core Viewpoint - The Fourth China International Supply Chain Promotion Expo Sichuan Promotion Conference and Signing Ceremony was held in Chengdu, showcasing the commitment of representative companies to enhance the optimization and resilience of industrial and supply chains in Sichuan and across China [1] Group 1: Event Overview - The event took place on November 11 and included 16 representative companies, such as Wuliangye, Dongfang Electric, and Jiuzhou Group, signing agreements with the China International Exhibition Center Group [1] - The expo serves as a national platform for companies to display innovative achievements and deepen international cooperation [1] Group 2: Industry Impact - The collaboration aims to contribute to the optimization and upgrading of the industrial and supply chains in Sichuan province and nationwide [1] - The initiative emphasizes enhancing the resilience and safety levels of the supply chain, showcasing the strength and wisdom of Sichuan [1]

证券代码：300040 证券简称：九洲集团 公告编号：2025-115 哈尔滨九洲集团股份有限公司 关于召开2025年第五次临时股东会决议公告 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。 特别提示： 1．本次股东会无增加、变更、否决提案的情况； 2．本次股东会以现场表决与网络投票相结合的方式召开。 一、会议召开情况 1、公司的总股本为643,410,436股，通过现场和网络投票的股东257人，代 表股份171,044,369股，占公司有表决权股份总数的26.5840％。 1、会议召开时间： （1）现场会议召开时间：2025 年 11 月 12 日（星期三）下午 13：30； （2）网络投票时间：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 12 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：2025 年 11 月 12 日上午 9:15 至下午 15:00 期间的任意时间。 2、现场会议召开地点：哈尔滨市松北区九洲路 609 号九洲电气科技 ...

证券代码：300040 证券简称：九洲集团 公告编号：2025-114 哈尔滨九洲集团股份有限公司 2025 年第五次临时股东会法律意见书的公告 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。 北京浩天（哈尔滨）律师事务所接受哈尔滨九洲集团股份有限公司（以下简 称"九洲集团"或"公司"）的委托，指派兰显珍律师、金重阳律师参加九洲集 团 2025 年第五次临时股东会，并出具法律意见书。 本次会议采取现场投票与网络投票相结合的方式召开。根据会议通知，本次 现场会议召开的时间为 2025 年 11 月 12 日（星期三）下午 13:30，召开地点为黑 龙江省哈尔滨市松北区九洲路 609 号公司会议室。通过深圳证券交易所交易系统 进行网络投票的时间为：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 12 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：2025 年 11 月 12 日上午 9:15 至 下午 15:00 期间的任意时间。 北京浩天（哈尔滨） ...

北京浩天（哈尔滨）律师事务所 关于哈尔滨九洲集团股份有限公司 2025年第五次临时股东会之 法 律 意 见 书 北京浩天（哈尔滨）律师事务所 https://www.hylandslaw.com 哈尔滨市道里区丽江路4530号招商新时代27层1-8号 法律意见书 北京浩天（哈尔滨）律师事务所 关于哈尔滨九洲集团股份有限公司 2025年第五次临时股东会之 法律意见书 致：哈尔滨九洲集团股份有限公司 北京浩天（哈尔滨）律师事务所（以下简称"本所"）接受哈尔滨九洲集团股 份有限公司（以下简称"公司"）委托，指派本所兰显珍律师、金重阳律师出席公 司2025年第五次临时股东会（以下简称"本次股东会"），对本次股东会的合法性 进行见证并出具本法律意见书。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效的法律、法 规、规范性文件以及《哈尔滨九洲集团股份有限公司章程》（以下简称"《公司章 程》"）的相关规定而出具。 本所律师出具本法律意见书的前提为：公司向本所律师提供的出具本法律意 见书所必需的材料、所提供的原始材料、电子版文件、复印件等材 ...

Core Viewpoint - Harbin Jiuzhou Group's wholly-owned subsidiary, Shenyang Haocheng Electric, has made significant progress in the mining and metallurgy sector by winning key projects for power transformer procurement [1] Group 1 - Shenyang Haocheng Electric successfully won the bid for the power transformer procurement for China Copper's northern region [1] - The company also secured a contract for the 10KV transformer procurement for Yunnan Jinding Zinc Industry's ten-thousand-ton ore dressing plant [1] - Additionally, it won the supplementary procurement for transformers in the green transformation project of Fushun New Steel [1]

Core Insights - In November, certain low-priced, high-recognition stocks have shown significant performance, with "Ma" stocks averaging a nearly 2% increase, surpassing the Shanghai Composite Index's performance during the same period, with multiple stocks rising over 10% [1] Group 1: Stock Characteristics - The analysis identifies 16 potential strong stocks for the year-end, focusing on those priced between 5 to 15 yuan per share and with a market capitalization below 5 billion yuan [1] - These stocks are predicted to have a net profit growth rate exceeding 30% for both 2025 and 2026, according to institutional consensus [1] - The companies involved are engaged in trending sectors such as quantum technology, AI, and lithium batteries [1] Group 2: Potential Stocks Summary - The table lists various stocks with their latest closing prices, market values, and projected net profit growth rates for 2025 and 2026, along with their associated hot concepts [2] - For instance, "Aoto Electronics" (002587) has a closing price of 6.42 yuan and a market value of 4.183 billion yuan, with a projected net profit growth of 193.43% for 2025 and 111.11% for 2026, focusing on Douyin Doubao [2] - "Liujin Technology" (920021) shows a closing price of 6.87 yuan and a market value of 2.123 billion yuan, with a projected net profit growth of 203.78% for 2025 and 96.00% for 2026, involved in 5G applications [2]

Core Viewpoint - Jiuzhou Group is focusing on the smart distribution network and network energy sectors, showcasing significant growth in revenue and net profit, while also emphasizing its commitment to research and development in new energy and smart distribution technologies [1][2][3] Group 1: Financial Performance - For the first three quarters of 2025, Jiuzhou Group achieved total revenue of 947 million yuan and a net profit attributable to shareholders of 43.12 million yuan, with a non-recurring net profit of 48.01 million yuan [1] - In Q3, the company reported a revenue of 261 million yuan, with a net profit of 302,300 yuan and a non-recurring net profit of 492,370 yuan [1] - The operating cash flow improved significantly, exceeding 300 million yuan, representing a year-on-year increase of 320% [1] Group 2: Business Development and R&D - Jiuzhou Group is closely monitoring and investing in new electricity consumption scenarios driven by computing power demand, with modular UPS power supply systems and high-voltage DC power systems developed and expected to complete testing soon [2] - The company has initiated multiple R&D projects for various types of smart distribution network equipment, with new products like micro-module data center prototypes and smart busbars expected to be unveiled soon [2] - Jiuzhou Group has a strong technical background in transformer products, having achieved technology exports as early as 2012, and is the only authorized OEM for Schneider Electric, ABB, and Rockwell Automation in Northeast China [2] Group 3: Renewable Energy Projects - Jiuzhou Group currently has over 1 GW of capacity in construction and secured projects, with an additional 2 GW to 3 GW in the development phase, ensuring sustained growth for its renewable energy segment over the next 3 to 5 years [3] - The company has successfully completed the grid connection of the 100 MW wind power project in collaboration with Huadian and has acquired equity in the 50 MW wind power project in Dingbian [3] - Jiuzhou Group is actively exploring overseas business opportunities, having successfully bid for a key energy storage project in Central Asia and is assessing investment opportunities in wind and solar power projects in ASEAN and Central Asian countries [3]

Core Viewpoint - The A-share market shows a slight decline with the Shanghai Composite Index closing at 3997.56 points, down 0.25%, while the total trading volume reached 20202.05 billion yuan, indicating a mixed performance among stocks breaking through the annual line [1] Group 1: Stock Performance - A total of 52 A-shares have surpassed the annual line today, with notable stocks including Luzhou Laojiao, Qiaoyuan Co., and Jiachuan Vision, which have deviation rates of 6.56%, 5.10%, and 4.86% respectively [1] - Stocks with smaller deviation rates that have just crossed the annual line include Lubnorth Chemical, Phoenix Optical, and Wuzhou Special Paper [1] Group 2: Individual Stock Data - Luzhou Laojiao (000912) saw a price increase of 9.93% with a turnover rate of 2.87%, closing at 4.87 yuan, resulting in a deviation rate of 6.56% [1] - Qiaoyuan Co. (301286) increased by 14.19% with a turnover rate of 9.67%, closing at 30.66 yuan, with a deviation rate of 5.10% [1] - Jiachuan Vision (300264) rose by 5.38% with a turnover rate of 10.65%, closing at 6.27 yuan, leading to a deviation rate of 4.86% [1]

Financial Performance - As of the end of Q3 2025, the company achieved a total revenue of 1.47 billion CNY, a decrease of 2.75% year-on-year, while the net profit attributable to shareholders was 9.47 million CNY, down 41.09% year-on-year. However, the net profit excluding non-recurring items increased by 170.88% to 48.01 million CNY [3] - In Q3 2025, the company reported a revenue of 261 million CNY, an increase of 12.77% year-on-year, and a net profit of 4.92 million CNY, up 104.38% year-on-year [3] - The operating cash flow improved significantly, exceeding 300 million CNY, representing a year-on-year growth of 320% [3] Business Segments Comprehensive Smart Energy - The comprehensive smart energy segment is expected to grow due to the launch of the "distributed wind + heating" business and improvements in biomass power generation [8] - The company has secured over 300 MW of distributed wind power indicators and is in the process of developing five heating project assets [8] New Energy - The company has over 1 GW of projects under construction and an additional 2-3 GW in the development phase, ensuring sustained growth for the new energy segment over the next 3 to 5 years [10] - The company received over 200 million CNY in national subsidies this year, with approximately 1 billion CNY in outstanding subsidy receivables [4] Manufacturing Sector - The smart distribution network business orders are expected to grow by over 20% year-on-year in 2025, driven by increased market demand and strategic investments [5] - The company aims for a 20% revenue growth target for the smart distribution network business in 2025 [11] Strategic Initiatives - The company is open to investments in the power electronics sector and is considering potential mergers and acquisitions to enhance synergy [3] - A new R&D center was established in Jiangsu to improve product competitiveness and reduce transportation costs [5] Market Outlook - The management holds an optimistic view on the future of the power distribution industry, anticipating a new growth cycle due to increased investments in the national grid and rising demand for clean energy projects [5] - The company is actively exploring overseas business opportunities, particularly in Central Asia and ASEAN countries, with a focus on wind and solar power projects [13] Shareholder Actions - The controlling shareholder's planned reduction in holdings is a normal behavior to repay stock pledge debts and will not affect the company's governance structure [14]