Core Viewpoint - Shareholder Sheng Jianming plans to reduce his stake in Shenghong Co., Ltd. by selling 3.1107 million shares at an average price of 43.97 yuan per share, which represents approximately 0.9945% of the company's total share capital [1] Summary by Relevant Sections - **Share Reduction Details** - The share reduction will occur between August 21, 2025, and November 20, 2025, through centralized bidding [1] - The average selling price is set at 43.97 yuan per share [1] - **Impact on Shareholding** - After the reduction, Sheng Jianming's holdings will decrease to 13.8677 million shares, accounting for 4.4335% of the total share capital [1] - Excluding shares in the repurchase special account, his stake will be 4.4442% [1] - Following this transaction, he will no longer be a shareholder with more than 5% ownership [1]

证券代码：300693 证券简称：盛弘股份 公告编号：2025-081 深圳市盛弘电气股份有限公司 关于特定股东减持计划实施完成的公告 公司股东盛剑明先生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。 本公司及董事会全体成员保证公告内容与信息披露人提供的信 息一致。 深圳市盛弘电气股份有限公司（以下简称"公司"）于 2025 年 7 月 30 日在 巨潮资讯网（www.cninfo.com.cn）披露了《关于 5%以上股东减持股份计划预披 露公告》（公告编号：2025-061），持有公司股份 16,978,437 股（占剔除回购 专用账户股份后公司总股本的 5.4411%）的 5%以上股东盛剑明先生，计划自减持 预披露公告之日起 15 个交易日后的 3 个月内以集中竞价或大宗交易方式减持公 司股份合计不超过 3,110,800 股（占剔除回购专用账户股份后公司总股本的 0.9969%）。 公司于 2025 年 10 月 24 日披露了《关于 5%以上股东权益变动暨持股比例降 至 5%以下且触及 1%整数倍的提示性公告》（2025-078），《简式权益变动报告 书》，盛剑明先生持股比 ...

Group 1 - Shenghong Co., Ltd. announced that it will hold an investor meeting on November 20, 2025, from 10:00 to 11:00 and 14:00 to 17:00, where representatives will answer questions from investors [1] - The meeting will be attended by Ms. Yang Ning, the company's securities affairs representative, and Mr. Zhang Yuan, the director of investor relations [1] Group 2 - The article highlights the importance of AI in empowering various industries while also considering its impact on employment and income polarization [1]

Group 1: Investor Relations and Stock Incentives - The company has completed the vesting of its 2022 restricted stock incentive plan, with the first grant and the second vesting portion listed on April 15, 2025 [2] - The company emphasizes the importance of investor management and employee incentive mechanisms, planning to develop long-term stock incentive plans based on actual development and performance goals [2][3] Group 2: AIDC Business Development - The company established a dedicated team in June 2025 to enhance its energy quality products for data centers and intelligent computing centers, focusing on new product development [3] - The company aims to become a comprehensive energy solution provider for AIDC, continuously innovating products and expanding business areas [3][4] Group 3: HVDC Product Progress - The company is actively researching HVDC technology, which is becoming a preferred power supply mode for AIDC due to its advantages in efficiency and cost [4] - The new generation of 800V HVDC systems is expected to improve system efficiency and reduce copper consumption, enhancing competitiveness in the AIDC market [4] Group 4: Energy Storage and Market Trends - North America is experiencing a power shortage, with rising electricity prices and increasing demand from data centers, making energy storage a key solution for flexibility and reliability [5] - The company plans to align its products with market needs and enhance its market share in energy storage solutions [5] Group 5: Charging Station Growth - The charging station industry is in a competitive phase, with the government aiming to build 28 million charging facilities by the end of 2027 to meet the demand of over 80 million electric vehicles [6] - The company has launched advanced charging solutions for heavy-duty electric trucks, enhancing its market position in this segment [6] Group 6: Profit Margin and Future Strategies - The company aims to maintain stable profitability across its product lines by optimizing product efficiency and enhancing high-value product ratios [7] - Future investment and acquisition plans will focus on core areas such as power quality, energy storage, and charging stations, with a strategic approach to enhance competitiveness [7]

Group 1: Management and Shareholder Concerns - Recent share reductions by executives are due to personal financial needs and do not reflect a lack of confidence in the company's future [1][4][9] - The company assures that its operations are normal and that any share reductions will comply with legal disclosure requirements [2][4][9] Group 2: Financial Performance and Projections - The company reported a 33.09% increase in net profit for Q3, with expectations for continued growth in Q4 [1][2] - The gross profit margin is currently at 39.92%, with strategies in place to maintain this despite increasing competition in the charging station market [2][4] Group 3: Product Development and Market Strategy - The company is focusing on expanding its product line in response to market demands, particularly in energy storage systems [3][4] - The smart energy management platform is in the early stages of development, with future profitability expected [2][4] Group 4: International Market and Revenue Growth - The company is actively pursuing international expansion, with ongoing certification and localization efforts in various countries [2][4] - The overseas revenue growth is on track, with specific updates to be provided in the upcoming annual report [2][4]

Core Viewpoint - Shenghong Co., Ltd. (300693) reported that as of November 10, 2025, the number of shareholders is 30,427 [1] Summary by Category - **Company Information** - Shenghong Co., Ltd. has a total of 30,427 shareholders as of the specified date [1]

Market Overview - The other power equipment sector experienced a decline of 0.91% on the trading day, with Youyou Green Energy leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - HaLu Heavy Industry (002255) saw a significant increase of 10.04%, closing at 13.92 with a trading volume of 1.48 million shares and a transaction value of 2.02 billion [1] - China Power (600482) increased by 2.11%, closing at 20.82 with a transaction value of 844 million [1] - Youyou Green Energy (301590) led the declines with a drop of 5.84%, closing at 171.88 with a transaction value of 146 million [2] Capital Flow - The other power equipment sector had a net inflow of 206 million from institutional investors, while retail investors experienced a net outflow of approximately 89.9 million [2] - Major stocks like HaLu Heavy Industry and China Power attracted significant institutional investment, while Youyou Green Energy and others saw substantial retail outflows [3]

Core Viewpoint - Shenghong Co., Ltd. has shown significant stock performance with a year-to-date increase of 67.23%, indicating strong market interest and potential growth in the electric power equipment sector [1][2]. Financial Performance - For the period from January to September 2025, Shenghong Co., Ltd. achieved a revenue of 2.216 billion yuan, representing a year-on-year growth of 5.78%. The net profit attributable to shareholders was 277 million yuan, reflecting a growth of 2.23% compared to the previous year [2]. - The company has distributed a total of 405 million yuan in dividends since its A-share listing, with 304 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 19, the stock price of Shenghong Co., Ltd. reached 44.25 yuan per share, with a trading volume of 333 million yuan and a turnover rate of 2.86%. The total market capitalization stands at 13.841 billion yuan [1]. - The stock has seen a net inflow of 9.309 million yuan from major funds, with significant buying activity from large orders [1]. Shareholder Structure - As of October 31, the number of shareholders for Shenghong Co., Ltd. was 30,600, a decrease of 21.30% from the previous period. The average number of circulating shares per shareholder increased by 27.06% to 8,795 shares [2]. - The top ten circulating shareholders include notable funds, with the largest being Qianhai Kaiyuan Public Utilities Stock, holding 12.4435 million shares [3].

Market Overview - The other power equipment sector declined by 1.59% on the previous trading day, with Haibosi leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Keda (002518) saw a closing price of 46.89 with an increase of 3.49% and a trading volume of 175,200 shares, totaling 825 million yuan [1] - Hu塑科技 (301157) closed at 53.10, up 3.27%, with a trading volume of 17,200 shares, amounting to 90.99 million yuan [1] - Other notable performances include Yingjie Electric (300820) at 58.29, up 0.50%, and Youyou Green Energy (301590) at 182.55, up 0.41% [1] - Conversely, Haibosi (688411) experienced a significant drop of 10.86%, closing at 322.00 with a trading volume of 66,700 shares, totaling 2.213 billion yuan [2] - Other stocks like Hailu Chading (002255) and Aotexun (002227) also faced declines of 9.96% and 5.61%, respectively [2] Capital Flow Analysis - The other power equipment sector experienced a net outflow of 1.08 billion yuan from main funds, while retail investors saw a net inflow of 472 million yuan [2][3] - Notable net inflows from retail investors were observed in stocks like Jintai Technology (002951) with 704.14 million yuan, while Keda (002518) saw a net outflow of 732.7 million yuan from retail investors [3] - The main funds showed a net inflow in stocks like Magmet (002851) with 96.64 million yuan, while other stocks like Shenghong Co. (300693) had a net outflow of 68.73 million yuan from main funds [3]

Core Viewpoint - Shenzhen has successfully nurtured 121 companies to go public within ten years, showcasing a robust innovation ecosystem that supports rapid growth in technology enterprises [1][3]. Group 1: Companies Achieving Rapid Growth - Among the 121 companies, 87 are listed on A-shares and 34 on Hong Kong stocks, indicating a strong performance in capital markets [1]. - Companies like Zhongke Feicai and Laplace have achieved significant milestones in the semiconductor sector, with Zhongke Feicai going public in just 8 years and becoming a key player in semiconductor quality control [3][4]. - In the smart hardware sector, companies such as Yingshi Innovation have redefined global consumer markets, with Yingshi becoming the global leader in panoramic cameras with a market share of 67.2% [4]. Group 2: Emerging Sectors and Innovations - The renewable energy sector is also thriving, with companies like Youyou Green Energy focusing on high-efficiency charging equipment for electric vehicles, contributing to the rapid development of the charging infrastructure [5]. - Shenzhen's companies are not only innovating in technology but also collectively enhancing the city's industrial structure towards high-tech and globally competitive sectors [5]. Group 3: Supportive Ecosystem for Startups - Shenzhen has established a comprehensive enterprise cultivation system, including various incubators and funding mechanisms, to support startups and scale-ups [7][8]. - The city has set up government investment funds that have mobilized nearly 500 billion yuan to support over 8,000 industry projects, resulting in a significant number of companies becoming specialized and innovative [8][9]. - The average time for startups to go public in Shenzhen is 13.35 years, which is faster than the national average, reflecting the city's efficient support for innovation and growth [9].