Group 1 - The core point of the article is that Shenghui Technology has successfully won a significant procurement project for electrical equipment related to the power supply capacity enhancement at the Lianshan Port area of Shandong Port Rizhao Port, amounting to a multi-million order [1]

证券日报网讯1月20日，昇辉科技（300423）在互动平台回答投资者提问时表示，公司业务中涉及的 MVnex空气绝缘开关柜为施耐德电气授权产品，其技术设计与品牌归属均属于施耐德。该产品采用高 性能HVX固封式真空断路器，具备参数覆盖广、接线方案丰富、可靠性高等特点，适用于对配电稳定 性和安全性要求较高的场合，如数据中心、港口等领域。公司基于授权合作，根据客户需求提供相应产 品与解决方案。 ...

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

Group 1 - The stock price of Shenghui Technology (300423) closed at 8.38 yuan on December 31, 2025, down 6.37% from 8.95 yuan the previous week, with a market cap of 4.169 billion yuan [1] - The company is ranked 91st out of 123 in the power grid equipment sector and 3831st out of 5181 in the A-share market [1] Group 2 - Shenghui Technology plans to acquire 85% of Hep Energy Environmental Technology Co., Ltd. through a share issuance and raise supporting funds, constituting a major asset restructuring and related party transaction [2] - As of December 30, 2025, the audit, evaluation, and due diligence of the target assets are still in progress, with no significant issues found that would halt or change the transaction [2] - The transaction requires approval from the board of directors, the shareholders' meeting, and review by the Shenzhen Stock Exchange and registration with the CSRC [2] Group 3 - On December 30, 2025, the company held a staff representative meeting to elect Zhang Xiaoyan as the employee representative director of the fifth board of directors [3] - Director Liu Shanshi resigned from his position due to adjustments in the company's governance structure and will not hold any position after leaving [3] - Vice President Cui Jing resigned from her role but will continue to serve as a director [3]

证券代码：300423 证券简称：昇辉科技 公告编号：2025-051 昇辉智能科技股份有限公司 关于公司董事、副总经理离任暨选举职工董事的公告 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。 重要内容提示： 昇辉智能科技股份有限公司（以下简称"公司"）于 2025 年 9 月 17 日召开 2025 年第一次临时股东会，审议通过《关于修订<公司章程>并办理工商变更登 记的议案》，于 2025 年 12 月 30 日召开职工代表大会，选举张晓艳女士为公司 第五届董事会职工代表董事。同时根据《中华人民共和国公司法》《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》等法律法规、 规范性文件及《公司章程》的相关规定，结合公司治理结构调整安排，公司董事 刘善仕先生申请辞去董事职务，崔静女士申请辞去副总经理职务，具体变动情况 如下： 一、董事、高级管理人员离任情况 （一）提前离任的基本情况 （二）离任对公司的影响 公司董事会于近日收到董事刘善仕先生及副总经理崔静女士提交的书面辞 职申请。为全面贯彻落实最新法律法规要求，根据公司治理结构调整安排， ...

证券代码：300423 证券简称：昇辉科技 公告编号：2025-052 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。 重要风险提示： 1、昇辉智能科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日披 露的《昇辉智能科技股份有限公司发行股份购买资产并募集配套资金暨关联交易 预案》（以下简称"重组预案"）及其摘要中已对本次交易涉及的有关风险因素及 尚需履行的审批程序进行了详细说明，提请广大投资者关注后续进展公告并注意 投资风险。 2、截至本公告披露日，除重组预案中披露的有关风险因素外，公司尚未发 现可能导致公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作 出实质性变更的相关事项，本次交易相关工作正在全力、有序推进中。公司将根 据相关事项的进展情况，及时履行信息披露义务。 3、根据《上市公司重大资产重组管理办法》及《深圳证券交易所上市公司 自律监管指引第 8 号——重大资产重组》的有关规定，公司将根据本次交易进展 情况及时履行信息披露义务，在披露本次交易预案后但尚未发出审议本次交易相 关事项的股东会通知前，每三十日发布一次本次交易的 ...

Group 1 - The core focus of the company is on the development and operation of fuel cells and hydrogen energy, which is a key part of its strategic transformation towards renewable energy [2] - The company has successfully delivered hydrogen production equipment to the market through its subsidiary, Shengqiang [2] - The company’s subsidiary, Shenghui New Energy, has won the bid for the "Photovoltaic Hydrogen Oil" integrated energy mother station project, indicating progress in its hydrogen energy operations [2]

Core Viewpoint - The company is focusing on the strategic transformation towards the renewable energy sector, particularly in hydrogen energy [1] Group 1: Business Focus - The company's renewable energy business is a key area of strategic transformation, primarily concentrating on the hydrogen energy field [1] - The business encompasses the production and manufacturing of upstream hydrogen production equipment as well as the operation of downstream hydrogen energy vehicles [1] Group 2: Achievements - The subsidiary Shengqiang has achieved market delivery of hydrogen production equipment [1] - The subsidiary Shenghui New Energy has successfully won the bid for the "Photovoltaic Hydrogen Oil" comprehensive energy mother station project [1]

企查查APP显示，近日，上海荣创耀电子科技有限公司成立，经营范围包含：电池制造；电池销售；电 池零配件生产；电池零配件销售等。企查查股权穿透显示，该公司由昇辉科技（300423）等共同持股。 （原标题：昇辉科技等新设电子科技公司，含电池制造业务） ...

Market Overview - The grid equipment sector experienced a decline of 2.4% on the previous trading day, with Zhongli Group leading the losses [1] - The Shanghai Composite Index closed at 3824.81, down 1.11%, while the Shenzhen Component Index closed at 12914.67, down 1.51% [1] Top Performers - Solar Cable (002300) saw a closing price of 12.94, with a significant increase of 10.03% and a trading volume of 2.305 million shares, amounting to a transaction value of 2.897 billion [1] - Huazhi Cable (001208) closed at 19.77, up 10.02%, with a trading volume of 719,800 shares, resulting in a transaction value of 1.405 billion [1] - Qifan Cable (605222) closed at 19.14, increasing by 10.00%, with a trading volume of 189,000 shares, translating to a transaction value of 346 million [1] Underperformers - Zhongli Group (002309) closed at 3.41, down 10.03%, with a trading volume of 1.387 million shares and a transaction value of 484 million [2] - Jingda Co. (600577) closed at 10.53, down 10.00%, with a trading volume of 1.817 million shares, resulting in a transaction value of 1.977 billion [2] - Fengfan Co. (601700) closed at 5.65, down 8.28%, with a trading volume of 1.693 million shares, amounting to a transaction value of 987 million [2] Capital Flow - The grid equipment sector saw a net outflow of 2.85 billion from institutional investors, while retail investors experienced a net inflow of 2.47 billion [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Huazhi Cable (001208) had a net inflow of 12.6 million from institutional investors, while retail investors saw a net outflow of 47.5 million [3] - Red Phase Co. (300427) experienced a net inflow of 93.58 million from institutional investors, but retail investors had a net outflow of 76.21 million [3] - Qifan Cable (605222) recorded a net inflow of 56.68 million from institutional investors, with retail investors facing a net outflow of 5.207 million [3]