Core Viewpoint - Newray Energy (300593.SZ) has completed the main construction of its Beijing special power supply expansion project, which is currently in the internal decoration phase and is expected to be operational by the end of the year [1] - The Shenzhen Rayneng communication and data center power supply R&D manufacturing base project has also been completed and is anticipated to be operational in the fourth quarter of this year [1] Summary by Category - **Project Completion** - The main engineering of the Beijing special power supply expansion project is finished and is now in the internal decoration stage [1] - The Shenzhen Rayneng communication and data center power supply R&D manufacturing base project has been completed [1] - **Operational Timeline** - The Beijing project is expected to be in use by the end of the year [1] - The Shenzhen project is projected to be operational in the fourth quarter of this year [1]

Core Insights - The main point of the article is that Xinle Energy (300593.SZ) has completed the main construction of its Beijing special power supply expansion project, which is currently in the interior decoration phase and is expected to be operational by the end of the year [1] - Additionally, the Shenzhen Rayneng communication and data center power supply R&D manufacturing base project has been completed and is anticipated to be operational in the fourth quarter of this year [1] Summary by Category - **Project Completion** - The Beijing special power supply expansion project has completed its main engineering work and is now in the interior decoration phase, with an expected operational date by year-end [1] - The Shenzhen Rayneng communication and data center power supply R&D manufacturing base project has also been completed and is set to begin operations in Q4 of this year [1]

Company Overview - Beijing New Ray Power Technology Co., Ltd. is located in Changping District, Beijing, established on June 11, 1997, and listed on January 13, 2017. The company specializes in modular power supplies, customized power supplies, high-power power supplies, and systems for applications in various industries including telecommunications, aerospace, military, railways, electric power, industrial control, and broadcasting [1][2]. Financial Performance - For the first half of 2025, New Ray achieved operating revenue of 552 million yuan, representing a year-on-year growth of 12.93%. However, the net profit attributable to shareholders was -95.14 million yuan, a decrease of 39.82% compared to the previous year [2]. - Since its A-share listing, New Ray has distributed a total of 170 million yuan in dividends, with 104 million yuan distributed over the past three years [3]. Stock Performance - As of September 17, New Ray's stock price was 18.30 yuan per share, with a market capitalization of 9.928 billion yuan. The stock has increased by 63.39% year-to-date, with an 8.03% rise over the last five trading days, but a decline of 8.50% over the last 20 days [1]. - The stock experienced a net outflow of 289,400 yuan in principal funds, with significant buying and selling activity from large orders [1]. Shareholder Structure - As of September 10, the number of shareholders for New Ray was 26,700, an increase of 11.57% from the previous period. The average number of circulating shares per person decreased by 10.37% to 16,887 shares [2]. - Notable institutional shareholders include Huaxia Military Industry Safety Mixed Fund, which increased its holdings by 13.59 million shares, and Changxin National Defense Military Industry Quantitative Mixed Fund, which is a new shareholder [3].

Core Viewpoint - The company, Xinle Energy, is actively developing its first general-purpose active clamp PWM controller chip for low-orbit satellites, which will have applications in the commercial aerospace sector [1] Group 1: Company Products - The company's integrated circuit products include specialized power management chips, motor driver chips, and integrated circuit micro-modules [1] Group 2: Future Developments - In 2024, the company will initiate the development of a PWM controller chip specifically designed for low-orbit satellites, indicating a strategic move into the commercial aerospace market [1]

Core Viewpoint - New Ray Energy's stock has shown significant volatility, with a year-to-date increase of 67.05%, but a recent decline over the past 20 days of 6.36% [1][2] Company Overview - New Ray Energy Technology Co., Ltd. was established on June 11, 1997, and listed on January 13, 2017. The company specializes in modular power supplies, customized power supplies, high-power power supplies, and systems for various industries including telecommunications, aerospace, military, railways, electricity, industrial control, and broadcasting [1] - The company's main business revenue composition is 98.86% from power supplies and motor drives, with 1.14% from other sources [1] Financial Performance - For the first half of 2025, New Ray Energy achieved operating revenue of 552 million yuan, representing a year-on-year growth of 12.93%. However, the net profit attributable to shareholders was -95.14 million yuan, a decrease of 39.82% year-on-year [2] - Since its A-share listing, New Ray Energy has distributed a total of 170 million yuan in dividends, with 104 million yuan distributed in the last three years [3] Shareholder Information - As of September 10, 2025, the number of shareholders for New Ray Energy was 26,700, an increase of 11.57% from the previous period. The average number of circulating shares per person decreased by 10.37% to 16,887 shares [2] - The top ten circulating shareholders include notable funds such as Huaxia Military Industry Safety Mixed A and Changxin National Defense Military Industry Quantitative Mixed A, with significant increases in their holdings [3] Market Activity - On September 15, New Ray Energy's stock price rose by 2.02% to 18.71 yuan per share, with a trading volume of 207 million yuan and a turnover rate of 2.52%. The total market capitalization reached 10.15 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with the last occurrence on February 21 [1] Industry Classification - New Ray Energy is classified under the power equipment sector, specifically in the category of other power equipment. It is associated with concepts such as military-civilian integration, aerospace and military industry, commercial aerospace, small-cap stocks, and specialized and innovative enterprises [2]

Group 1 - The company, Xinle Energy, reported that as of September 10, 2025, the number of shareholders is 26,662 [1]

Group 1 - The core viewpoint of the articles highlights the performance and market position of Beijing Xinle Energy Technology Co., Ltd., which saw a stock price increase of 5.02% to 17.79 CNY per share, with a total market capitalization of 9.651 billion CNY [1] - The company specializes in modular power supplies, customized power supplies, high-power power supplies, and systems, with 98.86% of its revenue coming from power and motor drive products [1] - Longxin Fund's Longxin National Defense and Military Industry Quantitative Mixed A Fund has entered the top ten circulating shareholders of Xinle Energy, holding 8.1714 million shares, which is 1.81% of the circulating shares [2] Group 2 - The Longxin National Defense and Military Industry Quantitative Mixed A Fund has achieved a year-to-date return of 31.8% and a one-year return of 66.5%, ranking 1962 out of 8175 and 1474 out of 7982 respectively [2] - The fund manager, Song Haikuan, has a tenure of 7 years and 214 days, with the fund's total asset scale at 3.443 billion CNY and a best return of 147.55% during his tenure [3] - Xinle Energy is the third-largest holding in the Longxin Fund, accounting for 5.02% of the fund's net value, with an estimated floating profit of approximately 6.9457 million CNY [4]

Group 1 - The company, Xinle Energy, is focusing on the low-orbit satellite sector this year, aiming to enhance product design specifications, process specifications, and component selection specifications based on existing product experience [2] - The company plans to complete the definition of soft modules and conduct research on the load characteristics of other payloads [2]

Group 1 - The company announced that its first extraordinary general meeting of shareholders for 2025 was held on September 4, 2025 [2] - The meeting approved multiple proposals, including the revision of the company's articles of association and authorization for handling industrial and commercial change registration [2]

Core Viewpoint - Newray Energy announced the election of Mr. Luo Zhi as the employee representative director of the sixth board of directors during the third employee representative meeting of the ninth session, held on September 4, 2025 [2] Company Summary - The employee representative meeting was conducted democratically, resulting in the election of Mr. Luo Zhi [2]