Core Points - 东方日升 received an administrative regulatory measure decision from the Ningbo Securities Regulatory Bureau for failing to timely disclose significant event progress and inadequately executing insider information registrant management [1][2][3] - The company reported a 29.76% year-on-year decline in revenue for the first three quarters of 2025, with a net loss of 933 million yuan, although this represented a reduction in losses compared to the previous year [4][5] Regulatory Issues - The decision letter indicated that 东方日升 did not disclose the progress of a significant event regarding the transfer of 100% equity of 宁夏旭宁, which owed the company 184.85 million yuan, and failed to report the outstanding balance of 105.66 million yuan by the end of 2024 [2] - The company also did not properly register insiders for major events such as earnings forecasts, violating relevant regulations [2] Company Response - 东方日升 acknowledged the regulatory measures and committed to comprehensive rectification, enhancing corporate governance and compliance with information disclosure standards [3] - The company plans to prepare a rectification report in response to the regulatory requirements and aims to prevent similar incidents in the future [3] Financial Performance - For the first three quarters of 2025, 东方日升 reported a revenue of 10.467 billion yuan, with a gross margin of 2.61%, down 6 percentage points year-on-year [4][6] - The net profit margin was -8.90%, an improvement of 1.54 percentage points compared to the previous year [6] - The company’s basic earnings per share were -0.83 yuan, with a weighted average return on net assets of -8.48% [5][6] Shareholder Information - As of the end of the third quarter of 2025, the total number of shareholders was 76,200, a decrease of 2,030 or 2.60% from the previous half [6] - The average market value held per shareholder increased by 12.20% from 139,600 yuan to 156,700 yuan [6]

Core Points - The article discusses the upcoming 2025 Solid-State Battery Industry Annual Conference and the Solid-State Battery Golden Ding Award Ceremony, scheduled for November 8, 2025, in Guangzhou, focusing on new technologies and ecosystem building [4][5][6]. Event Overview - The event will feature over 1000 participants and will include various forums and exhibitions related to solid-state battery technology [5][6]. - The main theme of the conference is "Focusing on New Technologies, Building a New Ecosystem" [5]. Key Participants - Major sponsors and exhibitors include companies such as RuTian Technology, JinNa Technology, and others involved in the sodium battery and solid-state battery sectors [4][6]. - Notable speakers include industry leaders from various research institutions and companies, highlighting advancements in solid-state battery technology [6][8]. Forum Agenda - The agenda includes a series of presentations and discussions on topics such as the development of solid-state battery technology, key materials, and manufacturing processes [6][19]. - Specific sessions will cover advancements in sulfide electrolytes, polymer-based solid-state lithium-ion batteries, and the challenges in developing solid-state battery materials [6][19]. Registration and Participation - Registration for the event is open, with fees structured for attendees and exhibitors, including options for sponsorship and exhibition space [19][20]. - The event aims to facilitate networking and collaboration among industry stakeholders [19].

Core Viewpoint - Dongfang Risen has received an administrative penalty from the Ningbo Regulatory Bureau of the China Securities Regulatory Commission for failing to timely disclose significant event progress and for inadequate management of insider information registration [1] Summary by Relevant Sections - **Administrative Penalty** Dongfang Risen New Energy Co., Ltd. and its chairman Lin Haifeng, along with board secretary Xue Shanxing, were penalized for not disclosing the overdue payment of 184.8475 million yuan from Ningxia Xuning, which remains unpaid with a balance of 105.6586 million yuan as of the end of 2024 [1] - **Insider Information Management** The company did not properly execute its insider information knowledge registration system, failing to register significant events such as earnings forecasts [1] - **Responsibility of Executives** Lin Haifeng and Xue Shanxing were found to have not fulfilled their duties diligently and are held primarily responsible for the company's actions [1] - **Regulatory Measures** The Ningbo Securities Regulatory Bureau has mandated corrective administrative measures for Dongfang Risen and has conducted regulatory discussions with Lin Haifeng and Xue Shanxing, which will be recorded in the securities and futures market integrity database [1]

Core Points - The company received an administrative regulatory decision from the Ningbo Regulatory Bureau of the China Securities Regulatory Commission regarding failures to timely disclose significant event progress and inadequacies in insider information management [1] - The chairman, Lin Haifeng, and the board secretary, Xueshan Xing, were found primarily responsible for these issues due to their lack of diligence [1] - The Ningbo Regulatory Bureau has mandated corrective administrative measures for the company and has conducted regulatory discussions with Lin Haifeng and Xueshan Xing, which will be recorded in the securities and futures market integrity database [1]

Core Viewpoint - The company has received an administrative regulatory measure decision from the Ningbo Regulatory Bureau of the China Securities Regulatory Commission due to violations related to the timely disclosure of significant event progress and inadequate management of insider information registrants [1] Group 1 - The company was found to have failed to disclose significant events in a timely manner [1] - There were issues with the execution of the insider information registrant management system [1] - The Ningbo Regulatory Bureau has mandated corrective actions and will conduct regulatory discussions with the chairman and board secretary [1] Group 2 - The company is required to rectify the identified issues and submit a written rectification report [1]

证券代码：300118 证券简称：东方日升 公告编号：2025-077 东方日升新能源股份有限公司 二是内幕信息知情人登记管理制度执行不到位。公司未按规定对业绩预告等重大事 件进行内幕信息知情人登记，违反了《上市公司监管指引第 5 号——上市公司内幕信息 知情人登记管理制度》（证监会公告〔2022〕17 号）第六条第一款的规定。 公司董事长林海峰、董事会秘书雪山行未能做到勤勉尽责，违反了《上市公司信息 披露管理办法》（证监会令第 182 号）第四条、《上市公司监管指引第 5 号——上市公司 内幕信息知情人登记管理制度》（证监会公告〔2022〕17 号）第七条第一款的规定，对 公司上述行为负主要责任。 根据《上市公司信息披露管理办法》（证监会令第 182 号）第五十二条、《上市公司 监管指引第 5 号——上市公司内幕信息知情人登记管理制度》（证监会公告〔2022〕17 号）第十六条第一款第一项的规定，我局决定对东方日升采取责令改正的行政监管措施， 对林海峰、雪山行采取监管谈话的行政监管措施，并依据《证券期货市场诚信监督管理 办法》第八条第五项、第十一条的规定记入证券期货市场诚信档案数据库。公司及相关 人员应充分 ...

Core Viewpoint - Oriental Risen's stock price has shown fluctuations, with a recent increase of 2.33% on October 30, 2023, despite an overall decline of 8.51% year-to-date [1]. Group 1: Stock Performance - As of October 30, 2023, Oriental Risen's stock price is reported at 10.96 CNY per share, with a trading volume of 5.21 billion CNY and a turnover rate of 5.24%, resulting in a total market capitalization of 12.495 billion CNY [1]. - The stock has experienced a year-to-date decline of 8.51%, but has increased by 7.45% over the last five trading days, 5.49% over the last 20 days, and 3.89% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on May 13, 2023, where it recorded a net purchase of 27.9059 million CNY [1]. Group 2: Company Overview - Oriental Risen New Energy Co., Ltd. was established on December 2, 2002, and went public on September 2, 2010. The company is based in Ningbo, Zhejiang Province, and specializes in the production and sale of solar energy products, including solar cell modules, EVA films, and solar power systems [2]. - The revenue composition of the company includes 51.12% from solar cells and modules, 35.49% from solar power station EPC and transfer, 6.39% from energy storage systems and auxiliary products, 3.90% from solar power station electricity fees, and 3.10% from other sources [2]. - As of September 30, 2023, the number of shareholders is reported at 76,200, a decrease of 2.60% from the previous period, with an average of 12,164 circulating shares per shareholder, an increase of 2.66% [2]. Group 3: Financial Performance - For the period from January to September 2023, Oriental Risen reported a revenue of 10.467 billion CNY, reflecting a year-on-year decrease of 29.76%. The net profit attributable to the parent company was -933 million CNY, showing a year-on-year increase of 40.16% [2]. - The company has distributed a total of 1.243 billion CNY in dividends since its A-share listing, with 454 million CNY distributed over the past three years [3]. Group 4: Shareholding Structure - As of September 30, 2023, the top ten circulating shareholders include HSBC Jintrust Low Carbon Pioneer Stock A, which holds 22.7236 million shares, a decrease of 264,800 shares from the previous period [3]. - Other notable shareholders include Hong Kong Central Clearing Limited and HSBC Jintrust Core Growth Mixed A, with respective holdings of 14.6361 million shares and 10.4836 million shares [3].

Core Viewpoint - The company Dongfang Risheng (300118) reported a net profit of approximately -0.933 billion yuan for the first three quarters of 2025, indicating a reduction in losses compared to the previous year [1] Financial Performance - For the first three quarters of 2025, the company achieved an operating revenue of approximately 10.467 billion yuan, representing a year-on-year decline of 29.76% [1] - The net profit attributable to the company was approximately -0.933 billion yuan, showing a reduction in losses compared to the same period last year [1] Business Overview - The main business of Dongfang Risheng focuses on the research, development, production, and sales of solar cell modules [1] - The company's operations also include photovoltaic power station EPC, photovoltaic power station operation, and energy storage sectors [1]

Core Viewpoint - The photovoltaic industry is showing significant signs of recovery, particularly among silicon material companies, which are leading the way in improved performance, while other segments like batteries, silicon wafers, and modules are also showing positive trends [2][4]. Group 1: Performance of Silicon Material Companies - Major silicon material companies such as Daqo Energy and Shuangliang Energy reported profitability in Q3 2025, with Daqo Energy achieving a revenue of 1.773 billion yuan, a year-on-year increase of 24.75%, and a net profit of 73.48 million yuan, ending a continuous loss since Q2 2024 [4][3]. - Shuangliang Energy also turned profitable in Q3, with a revenue of 1.688 billion yuan, a year-on-year decrease of 49.86%, but a net profit increase of 164.75% [4]. - Tongwei Co. reduced its losses significantly in Q3, with a loss of 315 million yuan compared to over 2 billion yuan in the previous quarter [4]. Group 2: Price and Cost Dynamics - The recovery in silicon material companies' performance is attributed to rising silicon prices and decreasing production costs, alongside favorable industry policies [5][6]. - The average selling price of multi-crystalline silicon increased significantly, with prices rising from 41,500 yuan per ton in Q3 2025 compared to 30,330 yuan per ton in Q2 2025, marking an increase of over 28% [5]. - Daqo Energy reported a unit sales price of 41.49 yuan per kilogram in Q3, while its cash cost decreased to 34.63 yuan per kilogram [5][6]. Group 3: Overall Industry Trends - Other segments of the photovoltaic supply chain, including battery and module manufacturers, are also experiencing reduced losses, indicating a broader industry recovery [9][10]. - For instance, Junda Co. reported a net loss of 155 million yuan in Q3, a reduction of 38.05% year-on-year, while Dongfang Risheng reported a net loss of 254 million yuan, down 57.39% year-on-year [9]. - TCL Zhonghuan's revenue for the first nine months of 2025 was 21.572 billion yuan, a decrease of 4.48%, but it also reported a reduced net loss of 5.777 billion yuan, indicating a trend towards recovery in the industry [10].

Core Points - The Shanghai Composite Index closed at 4001.98 points, above the six-month moving average, with a gain of 0.35% [1] - The total trading volume of A-shares reached 183.41 billion yuan [1] - A total of 90 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The stocks with the highest deviation rates include: - Weston (威士顿) with a deviation rate of 19.60% and a price increase of 19.99% [1] - Norsg (诺思格) with a deviation rate of 19.43% and a price increase of 20.00% [1] - Digital China (神州数码) with a deviation rate of 7.79% and a price increase of 7.88% [1] - Other stocks with smaller deviation rates that just crossed the six-month line include: - Baiyunshan (白云山) and Yuhuan CNC (宇环数控) [1] Trading Data - The trading turnover for the day was 18340.64 million yuan [1] - The stocks listed showed varying turnover rates, with Weston at 47.99% and Norsg at 15.54% [1] Additional Stock Information - Other notable stocks with significant price movements include: - Changqing (长青股份) with a price increase of 9.97% and a deviation rate of 7.77% [1] - Jinko Solar (晶科能源) with a price increase of 7.01% and a deviation rate of 6.82% [1] - The table provided lists various stocks, their trading performance, and deviation rates, indicating a diverse range of market activity [1][2]