北京市天元律师事务所 关于昇辉智能科技股份有限公司 本所及经办律师同意将本法律意见作为本次股东会公告的法定文件，随同其他 公告文件一并提交深圳证券交易所予以审核公告，并依法对出具的法律意见承担责 任。 2025 年第一次临时股东会的法律意见 京天股字（2025）第 607 号 致：昇辉智能科技股份有限公司 昇辉智能科技股份有限公司（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"）采取现场投票与网络投票相结合的方式，其中现场会议于 2025 年 9 月 17 日在广东省佛山市顺德区陈村镇环镇路 17 号昇辉控股有限公司召 开。北京市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参 加本次股东会现场会议，并根据《中华人民共和国公司法》《中华人民共和国证券 法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东 会规则》"）以及《昇辉智能科技股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，就本次股东会的召集、召开程序、出席现场会议人员的资格、召集人 资格、会议表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《昇辉智能科技 ...

证券代码：300423 证券简称：昇辉科技 公告编号：2025-045 昇辉智能科技股份有限公司 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。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会不涉及变更以往股东会决议的情形； 3、本次股东会未增加或变更议案。 一、会议召开情况 1、会议召开的时间： 5、会议主持人：董事长李昭强先生。 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年9月17日 9:15—9:25，9:30—11:30 和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9月17日上 午9:15至下午3:00。 2、会议召开的地点：广东省佛山市顺德区陈村镇环镇路17号昇辉控股有限 公司。 3、会议的召开方式：本次会议采取现场投票及网络投票相结合的方式。 4、召集人：公司董事会。 6、本次股东会会议的召集、召开与表决程序符合《公司法》《上市公司股 东会规则》《深圳证券交易所创业板股票上市规则》《上市公司自律监管指引第 2号——创业板上市公司规范运 ...

Investment Rating - The report maintains a "Positive" investment rating for the utility industry [1] Core Insights - The first mechanism electricity price bidding results for renewable energy in Shandong have been released, indicating a significant market-oriented shift in policy [3][17] - Wind power mechanism electricity price is set at 319 CNY/MWh, which is a 20% premium over the 2024 average spot trading price, while solar power is at 225 CNY/MWh, a 33% premium [3][24] - The report emphasizes the importance of management and operational capabilities for renewable energy operators in a market-driven environment [4][30] Summary by Sections Electricity Sector - The Shandong province has become the first to implement a market-oriented mechanism for renewable energy pricing, with significant participation from over 3000 projects [18][21] - The mechanism electricity volume for wind power is 59.67 billion kWh, while for solar power it is only 12.48 billion kWh, reflecting a stronger policy support for wind energy [3][23] - The report suggests that the future of solar power installations in Shandong may see reduced investment enthusiasm due to current pricing pressures and non-technical cost reductions [4][29] Grid Sector - New pricing mechanisms for nearby consumption of green electricity have been established, which will protect grid interests and promote cost reductions for users [6][35] - The system operation costs will be charged based on the electricity delivered, allowing for potential savings in electricity costs for high-load enterprises [7][37] - The report highlights that the new pricing structure will benefit wind power and energy storage development, making them key components in the green electricity landscape [8][42] Renewable Energy Assets - The report discusses the acceleration of Real World Assets (RWA) in the distributed solar sector, with significant investments from companies like JinkoSolar and GCL-Poly [10][44] - The RWA framework is expected to enhance liquidity and value reassessment of quality distributed solar assets, benefiting original equity holders [11][47] - The collaboration between LinYuan Energy and Ant Group aims to digitize energy assets, further supporting the RWA initiative [12][48] Green Methanol - A major project for green methanol production has been announced by Goldwind, with a total investment of approximately 18.92 billion CNY, aiming to produce 600,000 tons of green methanol annually [13][49] - The report anticipates a surge in demand for green methanol as multiple projects are set to commence production in the coming years [13][49] - Key suppliers and equipment manufacturers in the green methanol sector are expected to see performance improvements as the market expands [13][49]

Group 1 - The core point of the news is that Shenghui Technology has seen a significant increase in its stock price, rising 5.75% on September 11, reaching 7.54 CNY per share, with a total market capitalization of 3.751 billion CNY [1] - Shenghui Technology has experienced a continuous increase in stock price for five consecutive days, with a cumulative increase of 6.74% during this period [1] - The company specializes in the research, design, production, sales, installation, and after-sales service of electrical equipment, LED lighting, and smart city-related products, with its main business revenue composition being 75.48% from high and low voltage equipment, 14.49% from smart city services, 10.02% from renewable energy, and 0.01% from new materials [1] Group 2 - From the perspective of fund holdings, Hongde Fund has a significant position in Shenghui Technology, with its Hongde New Energy Industry Mixed Fund A holding 28,400 shares, accounting for 2.39% of the fund's net value, ranking as the tenth largest holding [2] - The fund has generated a floating profit of approximately 11,600 CNY today and 12,800 CNY during the five-day increase [2] - The Hongde New Energy Industry Mixed Fund A was established on March 24, 2023, with a latest scale of 7.7564 million CNY and has achieved a year-to-date return of 31.6% [2]

Core Viewpoint - The AI Fund Hongde New Energy Industry Mixed Initiation A (018029) reported a profit of 468,700 yuan for the first half of 2025, with a weighted average profit per fund share of 0.0444 yuan. The fund's net value growth rate was 6.4%, and the fund size reached 7.7564 million yuan by the end of the first half of the year [2]. Fund Performance - As of September 3, 2025, the fund's one-year cumulative net value growth rate was 50.93%, ranking it 55 out of 169 comparable funds. The three-month and six-month growth rates were 27.97% and 24.93%, ranking 39 out of 171 and 20 out of 171, respectively [4]. - The fund's net value as of September 3, 2025, was 0.858 yuan per unit [2]. Economic Context - The fund management indicated that the overall economic operation was stable in the first half of the year, with GDP growth of 5.3% year-on-year, supported by policies promoting consumption and investment. However, uncertainties regarding exports and consumption in the second half of the year were noted, with a need for effective policy stimulation to address potential economic momentum shortages [2]. Valuation Metrics - As of June 30, 2025, the fund's weighted average price-to-earnings (P/E) ratio was approximately 43.24 times, compared to the industry average of 36.17 times. The weighted average price-to-book (P/B) ratio was about 2 times, while the industry average was 2.99 times. The weighted average price-to-sales (P/S) ratio was approximately 1.95 times, against an industry average of 2.5 times [10]. Growth Metrics - For the first half of 2025, the weighted average revenue growth rate of the stocks held by the fund was -0.02%, and the weighted average net profit growth rate was 0.6%. The weighted annualized return on equity was 0.05% [16]. Fund Holdings and Turnover - As of June 30, 2025, the fund had a total of 174 holders, with a total of 10.7206 million shares held. Institutional investors accounted for 93.28% of the holdings, while individual investors made up 6.72% [32]. - The fund's turnover rate for the last six months was approximately 205.04% [35]. Top Holdings - The top ten holdings of the fund included companies such as Ningde Times, Sunshine Power, Longi Green Energy, China Nuclear Power, and Huayou Cobalt [37].

Group 1 - The core point of the article is the establishment of Shenghui Shuo Yi Technology (Shandong) Co., Ltd., which has a registered capital of 10 million yuan and is involved in various sectors including research and development of power distribution switch control equipment and manufacturing of power electronic components [1] - The legal representative of the newly established company is Ji Faqing [1] - The company is jointly held by Shenghui Technology (300423) and Shanghai Shuo Mi Management Consulting Co., Ltd. [1]

Group 1 - The core point of the article is that Shenghui Technology (SZ 300423) held its 11th meeting of the 5th board of directors on August 27, 2025, to review the proposal for the 2025 semi-annual report and its summary [1] - For the year 2024, the revenue composition of Shenghui Technology is as follows: 88.79% from the manufacturing of power distribution and control equipment, 9.14% from new energy, and 2.07% from other businesses [1]

Group 1 - The company reported a revenue of 498.99 million yuan for the first half of 2025, a year-on-year decrease of 21.06% [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 20.65 million yuan, an increase of 64.38% year-on-year [1] - The net cash flow from operating activities increased by 100.94% year-on-year, indicating a significant recovery in financial health [1] Group 2 - The company focuses on its core business, with high and low voltage equipment generating 376.63 million yuan in revenue, accounting for 75.48% of total revenue [1] - The new energy business, a strategic focus for transformation, achieved a revenue of 49.99 million yuan [1] - The gross margins for both high and low voltage equipment and new energy businesses improved compared to the same period last year [1] Group 3 - The acquisition of Hep Energy Environmental Technology Co., Ltd. has made progress, with the company acquiring 15% of its shares through cash payment [2] - Hep Energy reported a revenue of 252.50 million yuan and a net profit of 98.73 million yuan for the first half of 2025 [2] - The company recognized an investment income of 1.72 million yuan from Hep Energy, contributing to the consolidated profit [2] Group 4 - The company has established a diversified industrial matrix of "smart electrical + new energy + new materials" while actively pursuing major asset restructuring [2] - The company engaged in related transactions worth 49.80 million yuan with Hep Energy during the reporting period [2]

昇辉智能科技股份有限公司 投资者接待、推广及信息披露备查登记制度 第一章 总则 第一条 为贯彻证券市场公开、公平、公正原则，规范昇辉智能科技股份有 限公司（以下简称"公司"）接待和推广的行为和管理，加强公司与投资者和潜 在投资者（以下统称"投资者"）之间的交流和沟通，改善公司治理，根据《中 华人民共和国公司法》《中华人民共和国证券法》等法律法规和中国证监会、深 圳证券交易所相关规定以及《昇辉智能科技股份有限公司章程》（以下简称"《 公司章程》"）的规定，结合公司实际情况，制定本制度。 第二条 本制度所述的接待和推广工作是指公司通过股东会、接受投资者调 研、邮寄资料、一对一沟通、现场参观、电话咨询、业绩说明会、分析师会议、 投资者恳谈会和路演、新闻采访等活动，加强公司与投资者之间的沟通，增进投 资者对公司了解的工作。 第三条 制定本制度的目的：规范公司接待和推广工作的行为，增加公司信 息披露透明度及公平性，提高公司透明度，改善公司治理结构，促进公司与投资 者之间的良性关系，增进外界对公司的了解和认知。 第四条 接待和推广的基本原则： （一）公平、公开、公正原则； （四）高效率、低成本的原则； （五）国家法律法规 ...

昇辉智能科技股份有限公司 信息披露暂缓与豁免管理制度 第一章 总则 第一条 为规范昇辉智能科技股份有限公司（以下简称"公司"）信息披 露暂缓与豁免行为，确保公司依法合规履行信息披露义务，保护投资者合法 权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信 息披露管理办法》《上市公司信息披露暂缓与豁免管理规定》《深圳证券交易 所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》等法律、法规和部门规章以及《昇辉智能科技股份 有限公司章程》（以下简称"《公司章程》"）的规定，结合公司实际情况， 制定本制度。 （二）属于公司自身经营信息，客户、供应商等他人经营信息，披露后可 能侵犯公司、他人商业秘密或者严重损害公司、他人利益的； （三）披露后可能严重损害公司、他人利益的其他情形。 第七条 公司和其他信息披露义务人暂缓、豁免披露商业秘密后，出现下 列情形之一的，应当及时披露： 第二条 公司和其他信息披露义务人按照相关法律法规及深圳证券交易所 相关业务规则的规定，暂缓、豁免披露临时报告，并在定期报告、临时报告中 豁免披露中国证券监督管理委员会和深圳证券交易所规定 ...