证券代码：300152 证券简称：ST新动力 公告编号：2026-007 雄安新动力科技股份有限公司 2025 年第四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、本次股东会共审议九项议案，表决结果均未获得通过； 2、本次股东会无增加、变更议案的情形； 3、本次股东会不涉及变更前次股东会决议； 4、本次股东会采用现场投票与网络投票相结合的方式召开。 一、会议召开及出席情况 （一）召开情况 1、召开时间： 现场会议时间：2025年12月31日（星期三）下午15:00。 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:2025年12月31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12月31 日9:15—15:00。 2、召开地点：中国（河北） 自由贸易试验区雄安片区保定市雄安市民服务 中心企业办公区A栋雄安新动力科技股份有限公司会议室。 3、召开方式：现场投票与网络投票相结合。 4、会议召集人：公司董事会。 5 ...

2026 年 1 月 19 日，雄安新动力科技股份有限公司（以下简称"公司"、"新动 力"）收到中国证券监督管理委员会河北监管局出具的《河北证监局关于对雄安 新动力科技股份有限公司采取责令整改行政措施并对责任人出具警示函行政监 管措施的决定》（行政监管措施决定书〔2026〕3 号），要求公司对行政监管措 施决定书中指出的问题开展全面整改。具体内容详见公司在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于公司及相关人员收到河北证监局行政监管 措施决定书的公告》（公告编号：2026-002）。 收到上述决定书后，公司深刻认识到问题的严重性与紧迫性，审视了自身在 信息披露工作中存在的问题和不足之处，并向公司全体董事、监事及高级管理人 员及相关部门人员进行了通报、传达，为确保整改工作的有效推进，由公司董事 长程芳芳女士、副总经理兼董事会秘书马辉女士牵头，对公司于 2025 年 12 月 31 日披露的《2025 年第四次临时股东会决议公告》中对股东会议案表决结果的 表述存在多处前后矛盾的情况进行自查和分析，并就公司在信息披露管理事项方 面形成该整改报告，同时公司将严格落实该整改措施。 一、公司存在的问 ...

更正前： 证券代码：300152 证券简称：ST 新动力 公告编号：2026-008 雄安新动力科技股份有限公司 关于 2025 年第四次临时股东会决议公告的更正公告 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。 雄安新动力科技股份有限公司（以下简称"公司 "）于 2025年12月31日在 中国证监会指定的创业板信息披露网站上披露了《2025年第四次临时股东会决议 公告》，经事后核查，发现会议决议部分内容有误，现将相关内容更正如下： 一、更正的具体内容 "二、提案审议和表决情况 股东会以现场和网络投票方式表决，并形成如下决议： 1、审议通过《关于拟聘任会计师事务所的议案》 总表决情况： 同意70,026,903股，占出席本次股东会有效表决权股份总数的97.7258%；反 对1,587,806股，占出席本次股东会有效表决权股份总数的2.2159%；弃权41,800 股（其中，因未投票默认弃权13,200股），占出席本次股东会有效表决权股份总 数的0.0583%。 中小股东总表决情况： 同意70,026,903股，占出席本次股东会中小股东有效表决权股份总数的 9 ...

北京市大地律师事务所 关于雄安新动力科技股份有限公司 2025 年第四次临时股东会之见证意见 北京市大地律师事务所 关于 雄安新动力科技股份有限公司 2025 年第四次临时股东会 之 见证意见 北京总部：北京市西城区广安门内大街 338 号港中旅大厦三层南区 电话： 010-68091988 传真： 010-66179066 第 1 页 共 9 页 北京市大地律师事务所 关于雄安新动力科技股份有限公司 2025 年第四次临时股东会之见证意见 2.本所律师已经按照有关规定的要求，对公司本次会议所涉及的相关事项进 行了必要的核查和验证，所发表的结论性意见合法、准确，不存在虚假记载、误 导性陈述或者重大遗漏； 3.本见证意见仅供贵公司本次会议之目的使用，不得用作任何其他用途。本 所律师同意将本见证意见随公司本次会议决议一起予以公告。 北京市大地律师事务所 关于雄安新动力科技股份有限公司 2025 年第四次临时股东会之 见证意见 致：雄安新动力科技股份有限公司（以下简称"公司"） 北京市大地律师事务所（以下简称"本所"）为中华人民共和国司法行政机 关依法批准、合法设立的在中华人民共和国境内具有从事法律服务资格的律师执 ...

Core Insights - The article discusses the journey of Zhang Wenxue, founder and chairman of Beijing Dianqing Technology Co., Ltd., who transitioned from a stable career in the aerospace sector to entrepreneurship in the hybrid aviation field, which was considered a "niche" at the time but is now gaining traction in the low-altitude economy [1][2]. Group 1: Company Background - Zhang Wenxue's background includes significant experience in aerospace, where he gained insights into the development of aviation power systems [2]. - The company focuses on developing high-power electric energy systems for aviation, addressing three core issues: energy source, storage, and distribution [4]. - The latest product from the company achieves a power density close to 20 kW/kg, surpassing some international competitors [4]. Group 2: Industry Trends - The low-altitude economy is emerging as a strategic new industry, with increasing demand for long-range eVTOL (electric vertical takeoff and landing) aircraft [6]. - The company has chosen a hybrid approach to aviation technology, which is deemed more suitable for medium to long-haul and heavy-load scenarios compared to pure electric solutions [5]. - The article highlights the significant efficiency gap between electric vertical takeoff aircraft and ground vehicles, with a 1.5-ton aircraft consuming one kilowatt-hour of electricity to fly only 400 meters, compared to 6 to 8 kilometers for a car [5]. Group 3: Organizational Development - The transition from a technical engineer to an organizational architect has been a significant learning curve for the company, emphasizing the need for a balance between technology, market demand, and cost control [6]. - The core team comprises experts from various fields, including aerospace and new energy vehicles, fostering a collaborative environment that merges high reliability with cost efficiency [7]. - The company aims not only to be a leading supplier of power systems but also to contribute to the establishment of new aviation power standards [7].

Core Insights - The rental market for retail spaces in Hong Kong is experiencing changes, driven by increased investment demand, particularly from the financial sector, which is expanding its presence in core areas [1] - It is projected that rental prices in core areas will increase by 5% this year, continuing the upward trend from the previous year [1] Retail Sales and Tourism - Retail sales in Hong Kong reached HKD 345 billion in the first 11 months of last year, showing a year-on-year increase of 0.4%, with a continuous growth for seven months starting from May [1] - The number of tourists in Hong Kong approached 50 million last year, reflecting a growth of over 10% compared to the previous year, indicating a positive outlook for the tourism industry this year [1] Rental Market Dynamics - The rental activity for retail spaces has increased due to the stabilization of the retail market, with rental prices for core street shops rising by 2.9% year-on-year [1] - The vacancy rate in the four major core areas (Causeway Bay, Central, Tsim Sha Tsui, and Mong Kok) decreased by 1.9 percentage points quarter-on-quarter, with Central and Tsim Sha Tsui experiencing the largest declines of 2.4 and 3.3 percentage points, respectively [1] - There remains significant potential for rental price increases in prime street locations, with expected growth of 3% to 5% this year, as current rental levels are still considerably lower than peak periods [1]

证券代码：300152 证券简称：ST 新动力 公告编号：2026-006 雄安新动力科技股份有限公司 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 2025 年度业绩预告 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。 四、其他相关说明 本次业绩预告是公司财务部门初步测算的结果，未经会计师事务所审计，具体数据以 本公司 2025 年度报告披露的数据为准。敬请广大投资者谨慎决策，注意投资风险。 五、备查文件 董事会关于本期业绩预告的情况说明。 | 项 目 | | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 利润总额 | 比上年同期 | -5,500 | ～ | -3,800 | -4,742.14 | | | | -15.98% | ～ | 19.87% | | | | 增长 | | | | | | 归属于上市公司股 | 比上年同期 | -5,500 ...

Core Viewpoint - Anta has acquired a 29% stake in PUMA for €1.5 billion, becoming the largest shareholder, which is a strategic move to enhance its "single focus, multi-brand, globalization" strategy [1][3] Investment Highlights - Anta's acquisition of PUMA was executed at €35 per share, totaling approximately €1.506 billion, funded entirely by its own resources without external financing [1] - The company maintains its profit forecast, expecting net profits of 13.11 billion, 14.12 billion, and 15.85 billion RMB for 2025-2027, with a target price of HKD 104.1 based on a PE of 20X for 2025 [1] PUMA's Current Situation - PUMA is currently facing short-term pressure, undergoing a clearance phase, with projected revenues of €8.82 billion in 2024, a 2.5% increase, and a net profit of €280 million, a 7.6% decrease [2] - The revenue CAGR from 2019 to 2024 is approximately 9.9%, while net profit CAGR is about 1.4% [2] - PUMA's revenue distribution is 40% from the Americas, 39% from EMEA, and 21% from Asia-Pacific, with Greater China contributing around €600 million, or 7% [2] Strategic Implications - The acquisition is seen as a strategic minority investment that complements Anta's multi-brand strategy and aims to enhance its global market position [2] - PUMA's management acknowledges significant challenges, including lagging brand popularity, lack of product breakthroughs, and over-reliance on low-end wholesale channels, leading to a forecasted low double-digit sales decline in 2025 [2] - Anta is expected to leverage its insights, channel network, and supply chain advantages to empower PUMA's operations in Greater China, particularly in e-commerce and retail efficiency [3]

Core Viewpoint - The article highlights the efforts of the Danju Public Security Bureau in Jiangsu Province to enhance the business environment through innovative safety measures and collaboration with enterprises, aiming to create a secure industrial ecosystem and promote regional productivity growth [1][9]. Group 1: Safety Measures and Emergency Response - The establishment of the "Police-Enterprise Joint Defense Team" has reduced emergency response time from 10 minutes to 5 minutes, significantly improving the emergency handling capabilities of enterprise employees [3]. - A total of 23 traffic hazards and 17 internal fire safety loopholes were identified, leading to the upgrade of 32 surveillance cameras and reinforcement of 8 access control points [3]. - The implementation of a closed-loop mechanism for hazard identification and rectification has resulted in zero incidents of theft and vandalism affecting enterprises for 8 consecutive months [3]. Group 2: Conflict Resolution and Mediation - The creation of the "Police-Enterprise Mediation Room" has facilitated the resolution of 18 labor disputes and contract disagreements, achieving a 100% success rate in mediation [5]. - A rapid response to a lost shipment incident allowed for the recovery of goods worth 80,000 yuan within 3 hours, showcasing effective collaboration between police and enterprises [5]. Group 3: Service Improvement and Efficiency - The establishment of a "5-Minute Police Service Station" has streamlined services for enterprises, with police officers processing 82 residence permits and issuing 116 various certificates for employees [6]. - The reform aimed at simplifying administrative processes has resolved urgent issues for enterprises, exemplified by the quick resolution of a residence permit issue for a new employee [6]. Group 4: Legal Empowerment and Risk Prevention - A focus on preventing crimes that disrupt businesses has led to the creation of a directory for companies vulnerable to intellectual property and trade secret violations, providing tailored risk alerts [8]. - Initiatives such as online services and educational workshops for employees have enhanced awareness of legal compliance and safety regulations, shifting the focus from reactive crime response to proactive risk prevention [8]. Group 5: Collaborative Ecosystem Development - The "Blue New Power" initiative has expanded its collaborative efforts to include surrounding enterprises, helping small businesses save over 50% on security design costs through shared standards [9]. - Regular events such as safety knowledge competitions and cultural co-building activities have fostered employee engagement and the formation of volunteer teams to assist in safety initiatives [9]. - The transition from isolated police service points to a comprehensive "Industrial Cluster Safety Circle" illustrates the commitment to creating a supportive ecosystem for business development [9].

Core Viewpoint - European banking sector is experiencing strong growth, driven by favorable interest rates, accelerated loan growth, solid asset quality, and active trading activities, with bank stocks currently trading at a 30% discount compared to the market [1] Group 1: Earnings and Performance - Deutsche Bank is set to announce its Q4 earnings, with analysts predicting improved profitability and a €1 billion stock buyback plan [3] - UBS and Barclays are expected to exceed analysts' expectations in trading activities due to robust performance in both equity and fixed income businesses [3] - European bank stocks returned 77% last year, outperforming the STOXX Europe 600 index for the fifth consecutive year [6] - The European bank stock index has risen 5% at the start of 2026, reaching its highest level since the 2008 financial crisis [6] Group 2: Economic Environment and Challenges - The banking environment is described as nearly perfect, with expectations for another fruitful year for the European banking sector [1] - Geopolitical tensions and domestic policy uncertainties in European countries have slightly dampened the otherwise optimistic outlook [9] - Analysts highlight that the implied cost of equity for BNP Paribas and Crédit Agricole is 13%, higher than the industry median of below 10%, indicating elevated risks due to ongoing fiscal and political turmoil in France [9] Group 3: Future Projections - Analysts expect income growth to be supported by rising interest rates, recovering loan growth, and a rebound in global trade, with the industry's return on equity projected to exceed 13% this year and reach 14% by 2027 [13] - The total return for the banking sector is anticipated to reach around 16% between 2026 and 2027, as investors increasingly favor high dividends over stock buybacks [10]