Core Viewpoint - KOTAI Power's stock increased by 1.07% on November 17, with a trading volume of 238 million yuan, indicating positive market sentiment towards the company [1] Financing Summary - On November 17, KOTAI Power had a financing buy amount of 16.34 million yuan and a financing repayment of 19.84 million yuan, resulting in a net financing buy of -3.51 million yuan [1] - As of November 17, the total financing and securities lending balance for KOTAI Power was 389 million yuan, which accounts for 3.80% of its circulating market value [1] - There were no securities lent or sold on November 17, with a remaining balance of 0.00 yuan in securities lending [1] Business Performance - As of September 30, KOTAI Power reported a total of 64,900 shareholders, an increase of 4.21% from the previous period, while the average circulating shares per person decreased by 4.04% to 4,901 shares [2] - For the period from January to September 2025, KOTAI Power achieved an operating income of 1.208 billion yuan, representing a year-on-year growth of 64.60%, and a net profit attributable to shareholders of 38.17 million yuan, up 52.49% year-on-year [2] - Since its A-share listing, KOTAI Power has distributed a total of 226 million yuan in dividends, with no dividends paid in the last three years [2] Shareholder Structure - As of September 30, 2025, the third-largest circulating shareholder of KOTAI Power was Hong Kong Central Clearing Limited, holding 9.8961 million shares, an increase of 8.3673 million shares from the previous period [2] - Financial institutions such as CICC Low Carbon Growth Mixed Fund and others have entered or exited the top ten circulating shareholders list, indicating changes in institutional investment [2]

Core Insights - The data center industry in China is experiencing significant growth driven by "new infrastructure" initiatives and the increasing demand for computing power, with the total number of operational racks expected to reach 10.85 million by June 2025, doubling from the end of 2021 [1][11] - The power supply system is critical for data centers, typically consisting of the grid, UPS, and diesel generators, where UPS provides short-term power backup and diesel generators ensure longer operational continuity [1][2] - The demand for diesel generators in data centers is projected to increase significantly, with an expected need for 4,555 units in 2024, representing a year-on-year growth of 66.9%, and over 5,600 units anticipated in 2025 [1][12] Industry Overview - Diesel engines are essential for data centers, providing backup power to prevent service interruptions and data loss during outages [2][4] - The construction cost of data centers is divided into IT hardware (60%), supporting infrastructure (30%), and civil engineering (10%), with diesel generators accounting for 6-7% of the total construction cost [4][5] Market Demand - The demand for high-end diesel generators is surging due to the ongoing construction of data centers, with a notable increase in the need for diesel engines [1][12] - The market for diesel engines in data centers is currently dominated by foreign companies like Cummins and MTU, which have established a duopoly, while domestic companies like Weichai Heavy Machinery play a minor role [1][12] Competitive Landscape - The foreign dominance in the diesel engine market is attributed to their technological advantages and established market presence, but domestic manufacturers are improving their capabilities and competitiveness [1][12] - Domestic companies are focusing on R&D and have made significant advancements in engine performance metrics, positioning themselves to capture a larger market share [1][12] Future Trends - The diesel engine market for data centers is expected to grow, with demand projected to exceed 7,000 units by 2027, driven by the increasing reliability requirements for power supply due to the rise of cloud computing and AI [1][12] - The industry is also moving towards higher efficiency and lower carbon emissions in line with environmental regulations, which will shape the future development of diesel engines [1][12]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 证券代码：300153 证券简称：科泰电源 公告编号：2025-046 上海科泰电源股份有限公司 关于调整公司治理架构暨监事离任的公告 特此公告 1 / 2 上海科泰电源股份有限公司董事会 2025 年 11 月 13 日 2 / 2 上海科泰电源股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开第六届董事会第十三次会议、第六届监事会第十二次会 议，以及于 2025 年 11 月 13 日召开 2025 年第一次临时股东会，审议 通过了《关于调整公司治理架构暨修订<公司章程>的议案》。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司章程指引》等有关法律法规及规范性文件的规定，结合公司实际 情况，对《公司章程》进行了修订，公司不再设置监事会及监事，监 事会的职权由董事会审计委员会行使，公司监事会相关的制度相应废 止。第六届监事会主席杨少慰先生、监事刘雪慧女士、毛周斌先生所 担任的监事职务自然免除，三位监事原定任期届满之日为 2026 年 12 月 7 日，本次监事职务免除后， ...

证券代码：300153 证券简称：科泰电源 公告编号：2025-045 上海科泰电源股份有限公司 2025年第一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、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、会议召开时间 （1）现场会议：2025 年 11 月 13 日（星期四）下午 14:30 （2）网络投票：通过深交所交易系统进行投票的时间为 2025 年 11 月 13 日上午 9:15-9:25、9:30-11:30，下午 13:00-15:00；通过 深交所互联网投票系统投票的时间为2025年11月13日9:15-15:00。 2、会议召开地点：公司六楼大会议室 3、会议召开方式：现场表决与网络投票相结合的方式 4、会议召集人：上海科泰电源股份有限公司董事会 5、会议主持人：董事长谢松峰先生 6、本次股东会的召集、召开符合《公司法》、《公司章程》、《股 东会议事规则》等有关规定。 二、会议出席情况 1、出席本次股东会的股东及股东代表共 349 人， ...

法律意见书 国浩律师（上海）事务所 关于 上海科泰电源股份有限公司 2025 年第一次临时股东会的 上海市山西北路 99 号苏河湾中心 25-28 楼 邮编：200085 电话: （8621） 5234-1668 传真: （8621） 5243-3320 网址：http://www.grandall.com.cn 国浩律师（上海）事务所 股东会法律意见书 国浩律师（上海）事务所 关于上海科泰电源股份有限公司 2025 年第一次临时股东会的法律意见书 致：上海科泰电源股份有限公司 上海科泰电源股份有限公司（以下简称"公司"）2025 年第一次临时股东会 （以下简称"本次股东会"）现场会议于 2025 年 11 月 13 日（星期四）下午 14:30 在上海市青浦区天辰路 1633 号公司六楼大会议室召开。国浩律师（上海）事务 所（以下简称"本所"）接受公司的委托，指派潘雨晨律师、沈文律师（以下简 称"本所律师"）出席会议并见证。现依据《中华人民共和国公司法》《中华人民 共和国证券法》和《上海科泰电源股份有限公司章程》（以下简称"《公司章程》"） 出具本法律意见书。 本所律师按照有关法律、法规及规范性文件的规定对 ...

Market Overview - The other power equipment sector declined by 2.35% on November 12, with Haili Heavy Industry leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Key stocks in the other power equipment sector showed mixed performance, with Hailan Island Creative closing at 315.13, up 5.17%, and Jinshi Technology down 0.35% at 14.36 [1] - The trading volume and turnover for notable stocks included Hailan Island Creative with 66,200 shares traded and a turnover of 2.004 billion yuan [1] Capital Flow - The other power equipment sector experienced a net outflow of 1.524 billion yuan from institutional investors, while retail investors saw a net inflow of 1.3 billion yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional investors [2] Individual Stock Capital Flow - Hailan Island Creative had a net inflow of 72.69 million yuan from institutional investors, while it faced a net outflow of 67.15 million yuan from speculative funds [3] - Other stocks like Yingke Rui and Yoyo Green Energy also showed varying levels of net inflow and outflow from different investor types [3]

Group 1 - The company, KOTAI Power (300153.SZ), confirmed that it can produce gas-fired generator sets, which can utilize biogas and associated gas as fuel [2] - The gas-fired generator sets can be integrated into modules to achieve combined heat and power (CHP) or combined heat, power, and cooling (CCHP), enhancing overall energy efficiency [2] - The company will continue to explore the potential for integrating its generator sets with new energy forms [2]

Core Viewpoint - KOTAI Power announced its capability to produce gas generator sets that can utilize biogas and associated gas as fuel, enhancing overall energy efficiency through integrated heat and power generation systems [1] Group 1 - The company can produce gas generator sets that utilize biogas and associated gas as fuel [1] - The products can be integrated to achieve combined heat and power (CHP) or combined heat, power, and cooling (CCHP) systems [1] - The company will continue to explore the potential for integrating its generator sets with new energy forms [1]

Core Viewpoint - The company, KOTAI Power, confirmed its capability to produce gas generator sets that can utilize biogas and associated gas as fuel, enhancing overall energy efficiency through integrated heat and power generation systems [1] Group 1 - The company produces gas generator sets that can operate on clean fuels such as biogas and associated gas [1] - The gas generator sets can be integrated for combined heat and power (CHP) or combined heat, power, and cooling (CCHP) systems [1] - The company is exploring the potential for integrating its generator sets with new energy forms [1]

Core Viewpoint - The A-share market has seen a strong performance in the power equipment sector, with several stocks hitting the daily limit up, indicating positive investor sentiment and potential growth in this industry [1]. Group 1: Stock Performance - HaiLu Heavy Industry (002255) increased by 10.02%, with a market capitalization of 10.9 billion and a year-to-date increase of 136.48% [2]. - Xizi Clean Energy (002534) rose by 10.00%, with a market capitalization of 15.7 billion and a year-to-date increase of 72.29% [2]. - Keda Technology (002518) also saw a 10.00% increase, with a market capitalization of 28.4 billion and a year-to-date increase of 118.54% [2]. - Deyang Co., Ltd. (605117) increased by 7.68%, with a market capitalization of 78.9 billion and a year-to-date increase of 50.13% [2]. - Zhenjiang Co., Ltd. (603507) rose by 6.92%, with a market capitalization of 4.899 billion and a year-to-date increase of 11.89% [2]. - KOTAI Power (300153) increased by 6.05%, with a market capitalization of 1.17 billion and a year-to-date increase of 131.40% [2]. - Dongfang Risen (300118) rose by 5.14%, with a market capitalization of 14.5 billion and a year-to-date increase of 5.84% [2]. Group 2: Technical Indicators - The formation of a MACD golden cross signal suggests a bullish trend for these stocks, indicating potential further price increases in the near future [1].