证券代码：300152 证券简称：ST 新动力 公告编号：2025-076 雄安新动力科技股份有限公司 关于公司股票交易被实施其他风险警示暨可能被实施退市风险警示 相关事项的进展公告 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。 一、公司被实施其他风险警示暨可能被实施退市风险警示的相关情况 雄安新动力科技股份有限公司(以下简称"公司或新动力")2024 年度财务 报告内部控制被中兴财光华会计师事务所（特殊普通合伙）出具了否定意见的审 计报告。根据现行《深圳证券交易所创业板股票上市规则》第 9.4 条第（四）项 规定，公司出现"（四）最近一个会计年度财务报告内部控制被出具无法表示意 见或者否定意见的审计报告，或者未按照规定披露财务报告内部控制审计报告" 的情形，公司股票交易被深圳证券交易所实施其他风险警示；根据《深圳证券交 易所创业板股票上市规则》第 10.4.4 条第（五）项规定，上市公司出现"首个 会计年度财务报告内部控制被出具无法表示意见或者否定意见的审计报告，或者 未按照规定披露财务报告内部控制审计报告"的情形，上市公司应当立即披露股 票交易可能被实施 ...

Core Points - The article highlights the significant role of the "Z Generation" in enhancing China-Central Asia cooperation, particularly under the Belt and Road Initiative, showcasing their contributions across various sectors [1][2][3][4] Group 1: Economic Cooperation - During the "14th Five-Year Plan" period, China and Central Asian countries have achieved substantial economic cooperation and connectivity, with ongoing deepening of collaboration in various fields [1] - The "Horgos Gateway" dry port in Kazakhstan has seen its container handling capacity increase from 20,000 TEUs in 2015 to 324,000 TEUs in 2024, establishing itself as a crucial transshipment hub for the China-Europe freight trains [1] Group 2: Youth Contributions - Young professionals like Nazila Jumabekova, a translator at the Horgos dry port, actively contribute to enhancing Sino-Kazakh friendship and logistics [1] - Jamshid Fayziyev, a local brand specialist at Yutong Bus in Uzbekistan, emphasizes the importance of youth involvement in fostering bilateral relations and acknowledges the positive impact of Chinese enterprises on Uzbekistan's economy [2] - Arslan Kurbancreychev, a translator for CRRC Ziyang Locomotive Co., expresses his aspiration to bridge communication between Chinese companies and Turkmen clients, highlighting the supportive environment for learning and growth [3] - Other young professionals, such as Muslimm Kayumov and Aigul Nurlankize, are also engaged in translation and education roles, contributing to the cultural exchange and cooperation between China and Central Asian countries [3][4]

Core Viewpoint - The logistics industry in China continues to show expansion in October, with the logistics prosperity index at 50.7%, despite a slight month-on-month decline of 0.5 percentage points [1] Group 1: Logistics Industry Performance - The logistics business volume index and new order index remain in the prosperity range, indicating sustained demand expansion [1] - Consumer logistics growth is highlighted as a key area, driven by increased offline and online shopping activities during the National Day and Mid-Autumn Festival [1] - The postal and express delivery business volume index reached 70.5%, reflecting a month-on-month increase of 0.4 percentage points, indicating robust e-commerce activity [1] Group 2: Investment Outlook - Logistics infrastructure investment remains stable, with the fixed asset investment completion index at 55.2%, indicating ongoing expansion [2] - The business activity expectation index stands at 55.3%, remaining above 55% for eight consecutive months, suggesting optimistic outlooks for the year [2] - The expectation for steady growth in logistics demand is anticipated in the fourth quarter, providing support for broader economic goals [2]

Group 1 - The core viewpoint emphasizes the successful integration of united front work with investment attraction in Caoqiao Town, leading to significant project developments and investments exceeding 2 billion yuan this year [1][2][3] - Caoqiao Town has established a communication network covering government-enterprise, bank-enterprise, and industrial chains, facilitating the resolution of 29 out of 47 collected enterprise demands since last year [1][2] - The town has innovated a "Political Consultative Conference + United Front + Chamber of Commerce" model to promote high-end textile industry projects, achieving rapid contract signings within three months [1] Group 2 - The "returning talents" effect is highlighted, with local entrepreneurs not only returning but also attracting additional projects, such as the Jin De Shang Metal Products project, enhancing the precision metal industry chain in the town [2] - A talent pool of over 100 "capable individuals" has been established, facilitating the return of entrepreneurs from regions like Zhejiang and Southern Jiangsu for secondary entrepreneurship [2] - The town's service initiatives, including a "Same Heart, Same Action" service campaign, have significantly improved operational efficiency for businesses, exemplified by the rapid transition from factory construction to production in just one and a half months [2] Group 3 - The united front has become a key driver for investment attraction in Caoqiao Town, with a growing impact on project implementation and community development [3] - Future plans include further activation of united front resources to ensure more projects take root and contribute to high-quality development [3]

Core Insights - The National Medical Products Administration has approved the sodium hyaluronate eye drops submitted by Yangzhou Zhongbao Pharmaceutical Co., Ltd, enhancing the company's product pipeline in the ophthalmology sector [1][2] - Sodium hyaluronate is a natural polysaccharide known for its excellent moisture retention and lubrication properties, addressing the increasing prevalence of dry eye symptoms due to heightened screen time and electronic device usage [1] - The approval of this product not only provides a reliable solution for the domestic eye medication market but also offers consumers a convenient and safe option for self-medication [1] Company Overview - Yangzhou Zhongbao Pharmaceutical is a comprehensive pharmaceutical enterprise engaged in research and development, production, and marketing, with a product range covering cardiovascular, respiratory, ophthalmology, and health sectors [1] - The company has established a diversified R&D system, including innovative drug development, inhalation formulation technology platforms, and ophthalmic drug research platforms, showcasing its continuous innovation capabilities [1] - The company has received over 20 invention patent authorizations and has more than 30 ongoing projects, reflecting its robust innovation vitality [1] Recent Developments - In the past two years, Yangzhou Zhongbao Pharmaceutical has entered a concentrated harvest period for R&D achievements, with multiple new products successfully launched or passing the consistency evaluation for generic drugs [2] - The sodium hyaluronate eye drops are not the only product approved this year; the company has also received approvals for six other products, including inhalation solutions and injection liquids, demonstrating strong product pipeline development and continuous innovation [2] - Looking ahead, the company plans to leverage this product approval to increase R&D investment, optimize product structure, and develop more high-quality drugs that meet clinical and market needs, contributing to the "Healthy China" initiative [2]

Core Insights - The establishment of a "buy and refund immediately" tax refund service point at the China International Import Expo enhances the shopping experience for international visitors [1][2] - The service allows foreign travelers to complete tax refund processes on-site, promoting a seamless shopping experience [2] Group 1: Tax Refund Service Implementation - The Shanghai Tax Bureau set up a centralized tax refund point at the expo, providing a new experience for global merchants [1] - The "buy and refund immediately" service allows travelers to process refunds with just their ID and shopping invoice [1] - The service includes a multilingual professional team to assist travelers in various languages, ensuring a smooth refund process [1] Group 2: Enhancements to Visitor Experience - The tax refund service aims to improve the consumption experience for international visitors, creating a worry-free shopping environment [2] - Feedback from foreign exhibitors indicates satisfaction with the quick refund process, highlighting the efficiency of the service [2] - The Shanghai Tax Bureau plans to expand the "buy and refund immediately" service to further enhance the international consumption environment [2]

New Stock Issuance - Multiple new stock issuances are scheduled for November 4, 2025, across various companies, including ST Zhongdi (000609) and Pingtan Development (000592) which reported significant abnormal fluctuations[1] - Jiangbolong (301308) and Xiangnong Xinchuan (300475) are among the companies with recent announcements prior to November 4, 2025[1] Abnormal Fluctuations - Pingtan Development (000592) reported severe abnormal fluctuations on November 4, 2025, indicating potential volatility in its stock performance[1] - Other companies such as ST Panda (600599) and ST Huapeng (603021) also reported abnormal fluctuations on the same date, suggesting a trend of instability in the market[1] Market Trends - The report highlights a growing trend of companies experiencing abnormal stock price movements, which may indicate increased market volatility and investor caution[1] - The presence of multiple companies with abnormal fluctuations could signal a broader market trend that investors should monitor closely[1]

Core Viewpoint - The logistics industry in China continues to show expansion in October, with the logistics prosperity index remaining above the threshold, despite a slight month-on-month decline in the overall index [1][3]. Group 1: Logistics Prosperity Index - The logistics prosperity index for October is reported at 50.7%, reflecting a decrease of 0.5 percentage points from the previous month [3]. - Despite a minor adjustment in the logistics business volume index, overall demand remains in an expansion phase [3]. Group 2: Demand Trends - Industrial logistics demand, particularly for bulk commodities, has seen a decline due to the impact of the long holiday, while consumer logistics demand is accelerating [5]. - The logistics business completion index, new orders index, logistics service price index, capital turnover index, employment index, investment completion index, and expectation index all remain in the expansion zone [5]. Group 3: Consumer Logistics Growth - Consumer logistics growth stands out in October, driven by offline and online retail activities during the National Day and Mid-Autumn Festival holidays [7]. - Various local initiatives have stimulated consumption, leading to accelerated trade circulation and rapid growth in retail business [7]. Group 4: E-commerce and Delivery Services - E-commerce activities remain robust, with the postal express business volume index at 70.5%, showing a month-on-month increase of 0.4 percentage points [9]. - The improvement of the "15-minute convenient living circle" has led to a more than 8% year-on-year increase in instant delivery business volume, expanding from basic necessities to high-end products [9]. Group 5: Investment Outlook - Logistics infrastructure investment continues to expand, with the fixed asset investment completion index at 55.2%, indicating ongoing growth [12]. - Fixed investment completion indices for railway, road, air transport, pipeline transport, and postal express are all above 50%, with railway, air transport, and postal express exceeding 55% [12]. Group 6: Future Expectations - The logistics demand is expected to maintain steady growth in the fourth quarter, providing strong support for the overall economic goals [14]. - The business activity expectation index stands at 55.3%, remaining above 55% for eight consecutive months, indicating a positive outlook for the year [15].

Core Viewpoint - The growth regulator, brassinosteroid, is gaining traction in the agricultural sector due to national green pesticide policies, with its market size expected to reach 1.5 billion yuan in 2024 and exceed 2 billion yuan by 2030 [1][10]. Industry Overview - Brassinosteroid, with the chemical formula C28H48O6, is a new type of green and environmentally friendly plant growth regulator, widely present in plants and known for its high biological activity [3]. - It promotes the growth of various crops, improves quality, and increases yield, making it popular among farmers, especially in the production of economic crops like fruits, vegetables, and flowers, as well as major crops like rice, wheat, and corn [1][10]. Industry Policies - The market for brassinosteroid is gaining attention due to its high efficiency, broad spectrum, and safety features, which align with the increasing focus on food security and green agriculture policies [5][6]. - Recent policies, such as the implementation of the "14th Five-Year Plan" for agricultural green development, emphasize the safe and efficient application of plant growth regulators [12]. Industry Chain - The brassinosteroid industry chain includes upstream components like steroid compounds and solvents, midstream production, and downstream applications in agriculture, horticulture, and forestry [7]. - The total sown area of crops in China is projected to grow from 165.9 million hectares in 2018 to 173 million hectares in 2024, with a compound annual growth rate of 0.7%, driving the demand for pesticides, including brassinosteroid [7]. Current Industry Status - The pesticide industry in China has developed a complete industrial system, becoming the largest pesticide producer globally. The production of chemical pesticide raw materials is expected to increase significantly due to supportive national policies and product structure optimization [8][9]. - In 2024, the production of chemical pesticide raw materials is projected to reach 3.675 million tons, a year-on-year increase of 37.6% [9]. Competitive Landscape - The brassinosteroid market in China is becoming increasingly competitive, with a growing number of companies entering the sector, including Meibang Co., Ltd. and *ST Huifeng [2][10]. - Companies like Yunnan Yunda Technology Agricultural Chemical Co., Ltd. are focusing on research and development of brassinosteroid products, contributing to the industry's growth [11]. Industry Development Trends - The market for brassinosteroid is expected to expand due to increased support for green agriculture and rising consumer demands for high-quality agricultural products [12]. - The industry is witnessing a trend towards consolidation, with smaller companies facing challenges, while those with advantages in technology and market promotion are likely to thrive [13]. - The development of long-lasting brassinosteroid products is becoming a key focus, supported by advancements in technologies that enhance the effectiveness and duration of these products [14].

Core Insights - The environmental governance sector saw an increase of 0.81% on November 3, with Zhejiang Fu Holdings leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Environmental Governance Sector Performance - Top gainers included: - Zhejiang Fu Holdings (002266) with a closing price of 4.52, up 9.98% and a trading volume of 1.93 million shares, totaling 873 million yuan [1] - Zhonghuan Environmental (300692) at 9.58, up 7.28% with a trading volume of 450,900 shares, totaling 434 million yuan [1] - Haitan Co., Ltd. (603759) at 11.74, up 6.73% with a trading volume of 370,700 shares, totaling 413 million yuan [1] - Other notable gainers included: - Feima International (002210) at 4.45, up 5.95% with a trading volume of 6.29 million shares, totaling 2.83 billion yuan [1] - ST New Power (300152) at 2.50, up 5.49% with a trading volume of 374,000 shares, totaling 9.19 million yuan [1] Fund Flow Analysis - The environmental governance sector experienced a net outflow of 772 million yuan from institutional investors, while retail investors saw a net inflow of 677 million yuan [2] - The top stocks by fund flow included: - Zhejiang Fu Holdings (002266) with a net inflow of 22.3 million yuan from institutional investors, but a net outflow of 114 million yuan from speculative funds [3] - Feima International (002210) with a net inflow of 10.7 million yuan from institutional investors, but a net outflow of 97.8 million yuan from speculative funds [3] - Yuan Da Environmental (600292) with a net inflow of 38.3 million yuan from institutional investors, but a net outflow of 14.9 million yuan from speculative funds [3]