Core Viewpoint - The A-share market is experiencing a slight decline, with the Shanghai Composite Index at 4104.22 points, down 0.20% and trading below the five-day moving average, while the total trading volume is 25,230.04 billion yuan [1]. Group 1: Market Performance - As of 1:59 PM, the Shanghai Composite Index is at 4104.22 points, reflecting a decrease of 0.20% [1]. - The total trading volume in the A-share market is reported at 25,230.04 billion yuan [1]. Group 2: Stocks Exceeding Five-Day Moving Average - A total of 778 A-shares have surpassed the five-day moving average today [1]. - Notable stocks with significant deviation rates include: - Tianyue Advanced (乖离率 15.31%) with a price increase of 20.00% [1]. - Fusa Technology (乖离率 15.11%) also increased by 20.00% [1]. - Huning Co. (乖离率 15.00%) with a 20.00% rise [1]. - Other stocks with smaller deviation rates include: - Weibohydraulic, Jinyinhe, and Ecovacs, which have just crossed the five-day moving average [1].

Core Viewpoint - The strong performance of the ultra-high voltage (UHV) sector is driven by the announcement from the State Grid regarding a significant increase in fixed asset investment during the 14th Five-Year Plan period, which is expected to reach 4 trillion yuan, a 40% increase compared to the previous plan [1] Investment Direction - The focus of investments will be on constructing a new power system, with an average annual increase of 20 million kilowatts in wind and solar energy installations, aiming to raise the share of electricity in final energy consumption to 35% [1] - Accelerating the construction of UHV direct current transmission channels, with cross-regional and cross-provincial transmission capacity expected to increase by over 30% compared to the end of the 14th Five-Year Plan [1] - Enhancing the electrification level of end-use energy to meet the demand for 35 million charging facilities [1] Market Outlook - CITIC Securities recently indicated that investment in the power grid is expected to maintain stable growth during the 14th Five-Year Plan, driven by continuous growth in electricity consumption, with an average annual growth rate of 5%-6% anticipated [1] - The growth rate of electricity consumption is expected to maintain an elasticity range of 1.2-1.25 compared to GDP growth [1] - The market shows a clear expectation of preemptive trading in domestic demand, with the UHV and digitalization sectors expected to face significant pressure by 2025 but have already shown signs of a bottom reversal, indicating potential investment value during the new five-year planning window [1]

Group 1 - The core message emphasizes the commitment of Nanjing to enhance service levels for enterprises and strengthen collaboration with State Grid Electric Power Research Institute (NARI Group) to improve national energy security and support the development of the smart grid industry [1][2] - NARI Group is recognized as a leading enterprise in Nanjing's smart grid industry, focusing on becoming a world-class high-tech leader in energy internet, with continuous improvements in innovation capabilities, industrial strength, and development momentum [1] - The city government expresses gratitude for the long-term support from State Grid Corporation and NARI Group in developing a 500 billion yuan smart grid industry cluster in Nanjing [2] Group 2 - The "14th Five-Year Plan" period is identified as a critical phase for comprehensive green transformation in economic and social development, with new requirements for the safety and security of the power system due to the implementation of carbon emission controls and accelerated energy structure transformation [2] - NARI Group is encouraged to leverage its core technological advantages to drive product upgrades and achieve more groundbreaking technological innovations, while also playing a leading role in empowering partners and promoting the collaborative development of upstream and downstream SMEs [2] - Nanjing aims to build a robust ecosystem for the smart grid industry, deepen the integration of production, education, research, and application, and facilitate cooperation in relevant fields to create a conducive environment for enterprise development [2]

Group 1 - The stock price of the company increased by 2.00% on January 7, reaching 6.63 yuan per share, with a total market capitalization of 4.966 billion yuan [1] - The company has seen a year-to-date stock price increase of 4.25%, with a recent 5-day increase of 0.45%, a 20-day decrease of 10.53%, and a 60-day increase of 10.32% [2] - The company reported a revenue of 375 million yuan for the period from January to September 2025, representing a year-on-year decrease of 19.08%, and a net profit attributable to shareholders of -23.2182 million yuan, a decrease of 247.44% [2] Group 2 - The company has cumulatively distributed 871 million yuan in dividends since its A-share listing, with 29.9638 million yuan distributed over the past three years [3] - The company specializes in electrical testing services, with its main revenue sources being high-voltage electrical testing (74.75%) and low-voltage electrical testing (25.25%) [2] - The company is classified under the industry of social services - professional services - testing services, and is associated with concepts such as low-cost, power IoT, small-cap, rural power grid, and smart grid [2]

Core Viewpoint - The two technological projects led by State Grid Shandong Electric Power Research Institute have passed technical appraisal, demonstrating significant economic and social benefits in the application of advanced power distribution technologies [1][2]. Group 1: Project Achievements - The project "High Reliability and High Capacity Distributed Photovoltaic Charging Resource Flexible Distribution Technology and Application" addresses challenges related to the integration of massive distributed photovoltaic resources into the distribution network, focusing on flexible networking, control, and support [2]. - The project "Built-in Sensor for Partial Discharge in Large Oil-filled Equipment and Active Fault Defense Technology and Application" targets early detection of discharge defects in large oil-filled equipment, enhancing the ability to prevent discharge-related failures [2]. Group 2: Technical Details - The flexible distribution technology project has developed a series of core equipment for flexible networking, solving key issues such as the coordinated operation of AC and DC flexible distribution networks, harmonic tracing, and fault handling [2]. - The active fault defense technology project employs high-sensitivity built-in discharge sensors and precise discharge location techniques to improve the explosion-proof capabilities of transformers and other large oil-filled equipment [2]. Group 3: Application and Impact - Both projects have been fully applied in the Shandong power grid for flexible management of distributed resources and have been promoted in other provincial power grids, yielding notable economic and social benefits [1][2]. - The appraisal committee, led by an academician from the Chinese Academy of Engineering, recognized both projects as reaching international leading levels after thorough evaluation [1].

Market Performance - The professional services sector increased by 0.36% on December 26, with C Tian Su leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Top Gainers - C Tian Su (301449) closed at 114.65, with a significant increase of 27.23% and a trading volume of 102,600 shares, amounting to a transaction value of 1.079 billion yuan [1] - Bei Mining Testing (920160) rose by 16.44% to close at 28.97, with a trading volume of 146,400 shares and a transaction value of 421 million yuan [1] - Lihe Kechuang (002243) increased by 5.37% to close at 10.21, with a trading volume of 514,700 shares and a transaction value of 521 million yuan [1] Top Losers - Kai Pu Testing (003008) decreased by 1.69% to close at 22.05, with a trading volume of 12,900 shares and a transaction value of 28.66 million yuan [2] - Zhong Quan Radiation (300962) fell by 1.68% to close at 16.36, with a trading volume of 35,700 shares and a transaction value of 58.79 million yuan [2] - Jian Yan Yuan (603183) dropped by 1.59% to close at 4.33, with a trading volume of 90,000 shares and a transaction value of 39.42 million yuan [2] Capital Flow - The professional services sector saw a net inflow of 21.41 million yuan from institutional investors, while retail investors contributed a net inflow of 32.55 million yuan [2] - Speculative funds experienced a net outflow of 53.95 million yuan [2] Individual Stock Capital Flow - Bei Mining Testing (920160) had a net inflow of 98.49 million yuan from institutional investors, representing 23.37% of its trading volume [3] - C Tian Su (301449) saw a net inflow of 84.19 million yuan from institutional investors, but a net outflow of 59.42 million yuan from speculative funds [3] - Pu Ni Testing (300887) recorded a net inflow of 8.77 million yuan from institutional investors, while retail investors experienced a net outflow of 32.37 million yuan [3]

（文章来源：证券日报） 证券日报网讯 12月22日晚间，电科院发布公告称，公司第六届董事会第五次会议审议通过《关于募集 资金投资项目延期的议案》。 ...

每经AI快讯，电科院（SZ 300215，收盘价：6.68元）12月22日晚间发布公告称，公司第六届第五次董 事会会议于2025年12月22日在苏州石湖金陵花园酒店以现场表决结合通讯表决的方式召开。会议审议了 《关于募集资金投资项目延期的议案》等文件。 2025年1至6月份，电科院的营业收入构成为：专业技术服务业占比98.23%，其他业务占比1.77%。 截至发稿，电科院市值为50亿元。 （记者 王晓波） 每经头条（nbdtoutiao）——新能源重卡爆单了，11月销量同比增长178%！两班倒都供不应求，客户直 接进厂催单，这情景十年难遇 ...

东吴证券股份有限公司关于 苏州电器科学研究院股份有限公司 募集资金投资项目延期的核查意见 东吴证券股份有限公司（以下简称"东吴证券"、"保荐机构"）作为苏州电 器科学研究院股份有限公司（以下简称"电科院"或"公司"）2016 年度创业 板非公开发行股票的保荐机构，法定持续督导期至 2018 年 12 月 31 日止，由于 公司 2016 年度非公开发行股票募集资金尚未使用完毕，因此东吴证券需对公司 募集资金使用情况继续履行持续督导义务。根据《上市公司募集资金监管规则》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等有关规定，对电科院非公开发行股票募集资金项目延期的情况进行了核查， 具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2016]958 号文核准，并经深圳证券交 易所同意，公司由主承销商东吴证券股份有限公司于 2016 年 8 月 16 日向符合 条件的特定投资者非公开发行人民币普通股（A 股）38,322,487.00 股（每股面 值 1 元），每股发行价格为 13.83 元，募集资金总额为人民币 529,999,995.21 元， 扣除承销费 ...

证券代码：300215 证券简称：电科院 公告编号：2025-053 苏州电器科学研究院股份有限公司 关于募集资金投资项目延期的公告 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。 苏州电器科学研究院股份有限公司（以下简称"公司"）于2025年12月22 日召开的第六届董事会第五次会议审议通过了《关于募集资金投资项目延期的议 案》，同意将公司非公开发行股票募集资金投资项目"直流试验系统技术改造项 目"的投资进度进行调整，现将有关情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准苏州电器科学研究院股份有限公司非 公开发行股票的批复》证监许可[2016]958号文核准，公司向符合条件的特定投 资者非公开发行人民币普通股(A股)38,322,487股（每股面值1元），发行价格为 每股人民币13.83元，共募集资金人民币529,999,995.21元。扣除承销费和保荐费 13,500,000.00元后的募集资金为人民币516,499,995.21元，另扣减审计费、律师费、 证券登记费等其他发行费用838,322.49元后，公司本次募集资金净额为人 ...