Core Insights - The energy storage market is showing signs of recovery, driven by economic factors and capacity pricing policies in the domestic market, while the overseas market presents significant opportunities due to increased demand from data centers [1] Company Performance - In the first three quarters of 2025, the company reported revenue of 2.461 billion yuan, a year-on-year increase of 6.52%, but net profit attributable to shareholders decreased by 54.25% to 94.2681 million yuan [1] - The third quarter revenue reached 794 million yuan, up 16.62% year-on-year, while net profit dropped significantly by 89.32% to 8.692 million yuan [1] - The decline in profit was primarily due to a one-time provision for investor litigation in the third quarter, indicating that the core business profitability has significantly improved when excluding this impact [2] Profitability and Cash Flow - The company's non-GAAP net profit for the first three quarters was 146 million yuan, a year-on-year increase of 4.13%, with a substantial growth of 82.77% in the third quarter's non-GAAP net profit to 54.6026 million yuan [2] - Operating cash flow for the first three quarters surged by 364.48% to 1.038 billion yuan, primarily due to improved sales collections, providing a solid foundation for future development [2] Strategic Initiatives - The improvement in financial fundamentals is attributed to the company's "AI + New Energy" dual-driven strategy, focusing on core products and system solutions in the power electronics sector [2] - The energy storage segment showed remarkable performance, with revenue from storage products and systems reaching 523 million yuan in the first half of 2025, a year-on-year increase of 153.45% [2] Market Signals and Future Outlook - The company's new energy business now accounts for 56.83% of total revenue, with the charging pile business also showing steady growth, achieving revenue of 73.3783 million yuan, up 24.56% [3] - Positive market signals include the entry of notable investor Wei Wei, who acquired shares worth 235 million yuan, indicating strong confidence in the company [4] - Increased institutional interest is evident, with multiple investment institutions conducting research on the company, suggesting a deeper exploration of its value [4] - The potential removal of the ST label is a focal point for the market, as the company has been actively working on business transformation and financial optimization [4] - Overall, despite the apparent profit pressure in the third-quarter report, the underlying improvements in core business, cash flow, and strategic positioning suggest a solid foundation for value reassessment in the context of the high growth potential in the energy storage industry [4]

Investment Rating - The report maintains an "Overweight" rating for the industry, focusing on energy storage and solid-state battery advancements [1] Core Insights - Dongguan is a key city in the Guangdong-Hong Kong-Macao Greater Bay Area, with a strong manufacturing base and a strategic focus on new energy as a critical emerging industry [5][12] - The city aims to establish itself as a hub for new energy storage, supported by government policies and a robust ecosystem of small and medium enterprises [5][51] - Dongguan's lithium battery industry is well-established, with over 300 companies directly involved and more than 1,500 related enterprises, showcasing a complete industrial chain from materials to applications [24][30] Summary by Sections 1. New Energy as a Strategic Emerging Industry - New energy is one of the eight strategic emerging industries in Dongguan's modern industrial system [21] - Dongguan's GDP for 2024 is projected to reach 1.23 trillion yuan, ranking fourth in Guangdong province with a growth rate of 4.6% [12][14] 2. Strong Foundation of Dongguan's New Energy Battery Industry - Dongguan ranks first in the concentration of new energy SMEs, indicating a vibrant entrepreneurial ecosystem [25][27] - The city has a complete lithium battery supply chain, covering upstream materials, midstream cell manufacturing, and downstream system integration [30][39] 3. Focus on New Energy Storage Industry - The global demand for energy storage batteries is experiencing explosive growth, with a compound annual growth rate of 89.8% from 2020 to 2024 [42] - Dongguan is positioning itself as a "New Energy Storage Terminal City," with multiple policies to support the development of the new energy storage industry [51][53] 4. Technological Breakthroughs and Competitive Edge in Solid-State Batteries - Dongguan ranks sixth in China's solid-state battery industry competitiveness, with significant research advancements being made [5][43] - Local companies are actively investing in solid-state battery technologies, enhancing the region's competitive position [5][39] 5. Major Listed Companies in Dongguan's New Energy Battery Sector - Key players in Dongguan's new energy battery industry include KJ New Energy, Honggong Technology, and Zhengye Technology, which are recognized for their contributions to the sector [5][41]

Market Overview - The other power equipment sector experienced a decline of 2.4% on the trading day, with Zhongheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock movements included: - Xinfuneng (300593) rose by 11.97% to a closing price of 27.23, with a trading volume of 642,500 shares and a turnover of 1.727 billion yuan [1] - Zhongheng Electric (002364) fell by 8.05% to a closing price of 25.60, with a trading volume of 621,900 shares and a turnover of 1.633 billion yuan [2] - Other significant declines included Maigemit (002851) down 5.48% and Yingjie Electric (300820) down 4.53% [2] Capital Flow - The other power equipment sector saw a net outflow of 2.227 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.740 billion yuan [2][3] - The capital flow for specific stocks indicated: - Zhongheng Electric had a net outflow of 14.05 million yuan from institutional investors [3] - ST Huaxi (002630) experienced a net inflow of 12.12 million yuan from retail investors despite a net outflow from institutional investors [3]

Core Points - The ongoing lawsuit against ST Yishite Group Co., Ltd. (ST易事特) for securities false statements is gaining attention, with a six-month deadline for affected investors to file claims [1] - The China Securities Regulatory Commission (CSRC) issued an administrative penalty decision on December 31, 2024, revealing that ST Yishite engaged in false trade activities lacking commercial substance [1] - A Guangzhou court has ruled in favor of some investors in a first-instance compensation case against ST Yishite [1] Summary by Sections Legal Proceedings - The Zhejiang Yufeng Law Firm, represented by lawyer Li Jian, has successfully represented over 100 listed companies in similar cases and is currently assisting investors in filing claims against ST Yishite [1] - Investors who purchased ST Yishite shares between March 15, 2018, and May 11, 2023, and held them until the market close on May 11, 2023, are eligible for compensation [1] Compensation Details - The scope of compensation for affected investors includes investment differences, commission fees, and stamp duty losses due to the false statements made by ST Yishite [1] - Investors are required to provide specific documentation, including securities account information, original stock reconciliation statements from March 1, 2018, to the present, and detailed contact information to support their claims [1]

Core Points - The company, Easy Smart Group Co., Ltd., has released a notice regarding the disclosure of its Q3 2025 report [1][2] - The report was made available on October 28, 2025, on the designated information disclosure website of the China Securities Regulatory Commission [1] - The board of directors assures that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1] Summary by Sections - **Company Announcement** - Easy Smart Group Co., Ltd. has issued a prompt announcement regarding the disclosure of its Q3 2025 report [1][2] - The report is accessible on the official website for investors to review [1] - **Board Assurance** - The entire board of directors guarantees the authenticity and completeness of the disclosed information [1]

证券代码：300376 证券简称：ST 易事特 公告编号：2025-067 易事特集团股份有限公司 公司于 2018 年 1 月 15 日召开第五届董事会第十四次会议，审议通过《关于 与参股公司共同为合作对象提供担保的议案》，同意公司与参股公司安徽易事特 1 共同为购买、安装易事特分布式家庭光伏电站的合作对象提供连带责任保证担保， 担保金额合计不超过人民币 8,000 万元。同时安徽易事特股东唐育及其配偶、张 小军及其配偶以及宿松县尚鼎建材有限公司、宿松六合石料有限公司共同为公司 的上述担保提供反担保。具体内容详见公司于 2018 年 1 月 16 日在指定信息披露 网站巨潮资讯网披露的（www.cninfo.com.cn）《关于与参股公司共同为合作对象 提供担保的公告》（公告编号：2018-007）。 公司分别于 2017 年 11 月 20 日、2018 年 10 月 19 日与科农行肥东支行签署 《最高额保证合同》（编号：340101836320171278149、340101836320181278029）， 公司为合作对象主合同项下的债务提供连带责任保证，担保的最高本金余额分别 为人民币 2,000 ...

Core Insights - ST Yishite reported a revenue of 2.461 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 6.52% [1] - The company's net profit attributable to shareholders was 94.2681 million yuan, a decline of 54.25% year-on-year [1] - The basic earnings per share stood at 0.04 yuan [1] Financial Performance - Gross margin for the first three quarters was 27.67%, down 5.29 percentage points year-on-year [1] - Net margin was 3.97%, a decrease of 5.35 percentage points compared to the same period last year [1] - In Q3 2025, the gross margin was 29.06%, down 8.62 percentage points year-on-year but up 5.55 percentage points quarter-on-quarter [1] Cost Structure - Total operating expenses for the period were 480 million yuan, a decrease of 22.7362 million yuan year-on-year [2] - The expense ratio was 19.48%, down 2.25 percentage points from the previous year [2] - Sales expenses increased by 1.04%, while management, R&D, and financial expenses decreased by 16.71%, 1.16%, and 12.17% respectively [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 62,300, a decrease of 3,857 or 5.83% from the end of the previous half [2] - The average market value held per shareholder increased from 139,300 yuan to 193,800 yuan, a growth of 39.17% [2] Business Overview - ST Yishite, established in June 2001 and listed in January 2014, is headquartered in Dongguan, Guangdong Province [2] - The company's main business includes R&D, production, sales, and services of UPS and other power electronic devices [2] - Revenue composition includes high-end power equipment and data centers (42.72%), energy storage products and systems (31.38%), new energy income (12.58%), new energy generation equipment and development (8.47%), and electric vehicle charging facilities (4.40%) [2]

证券代码：300376 证券简称：ST 易事特 公告编号：2025-066 易事特集团股份有限公司 关于召开 2025 年第二次临时股东会的通知 3、会议召开的合法、合规性：经公司第七届董事会第十二次会议审议通过， 决定召开 2025 年第二次临时股东会，召集程序符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》的规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 12 日（星期三）上午 10:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00；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 11 月 12 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：本次股东会采用现场投票与网络投票相结合的方式召 开，公司股东应选择现场投票、网络投票中的一种方式，如果同一表决权出现重 复投票表决的，以第一次投票表决结果为准。 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。 根据易事特集团股份有 ...

易事特集团股份有限公司 投资者关系管理制度 （二〇二五年十月修订） （经公司第七届董事会第十二次会议审议通过） | | | | 附则 6 | | --- | | 第五章 | 易事特集团股份有限公司 投资者关系管理制度 第 2页共 6 页 第一章 总则 第一条 为易事特集团股份有限公司（以下简称"公司"）与投资者和潜在 投资者（以下统称"投资者"）之间的信息沟通，加深投资者对公司的了解和认 同，完善公司治理结构，实现公司价值和股东利益最大化，切实保护投资者特别 是社会公众投资者的合法权益，根据《中华人民共和国公司法》《中华人民共和 国证券法》《深圳证券交易所证券创业板股票上市规则》《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》《上市公司投资者关系 管理工作指引》以及《公司章程》及其他相关法律、法规，结合本公司实际情况， 制定《投资者关系管理制度》（以下简称"本制度"）。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通，增进投资者对 公司的了解和认同，提升公司治理水平和企业整体价值，实现尊重投资者、回报 投 ...

易事特集团股份有限公司 内部审计工作制度 （二〇二五年十月修订） （经公司第七届董事会第十二次会议审议通过） | | | | | | 易事特集团股份有限公司 内部审计工作制度 第一章 总则 第一条 为规范公司经营行为，控制经营风险，建立健全有效的内部审计监 督体系，保证企业遵守国家的财经法规，改善经营管理，维护投资者利益，根据 《中华人民共和国审计法》《审计署关于内部审计工作的规定》《中国内部审计 准则第 1101 号——内部审计基本准则》等有关法律、法规制度，结合公司的实 际情况，制定内部审计工作制度（以下简称"本制度"）。 第二条 本制度适用于本公司内部审计机构、内部审计人员及其从事的内部 审计活动。 第三条 本制度所称内部审计是指公司内部机构或人员对本公司及所属机构 财政财务收支、经济活动、内部控制、风险管理实施独立、客观的监督、评价和 建议，以促进本公司完善治理、实现目标的活动。 公司所属各部门、各分、子公司以及上述机构相关负责人依照本制度接受审 计、监督。 第四条 内部审计机构和内部审计人员从事内部审计工作，应当严格遵守有 关法律法规、本规定和内部审计职业规范，忠于职守，做到独立、客观、公正、 保密 ...