深圳市盛弘电气股份有限公司（以下简称"公司"）第四届董事会第九次会 议（以下简称"会议"）之通知、议案材料于 2025 年 10 月 21 日以邮件及通讯 送达的方式送达了公司全体董事。本次会议于 2025 年 10 月 24 日以通讯会议的 方式召开，会议由董事长方兴主持，会议应参加董事 8 人，实际参加董事 8 人。 公司全体高级管理人员列席了本次会议。本次会议的召开符合有关法律法规和 《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 1、审议通过了《关于<2025 年三季度报告>的议案》 经审议，董事会一致认为：公司《2025 年三季度报告》符合法律、行政法规、 中国证监会和深圳证券交易所的规定，报告内容真实、准确、完整地反映了公司 2025 年三季度的经营情况，不存在虚假记载、误导性陈述或者重大遗漏。《2025 年三季度》全文具体内容详见公司于同日在中国证监会指定的创业板信息披露网 站巨潮资讯网发布的相关公告。 表决结果：同意 8 票；反对 0 票；弃权 0 票。 证券代码：300693 证券简称：盛弘股份 公告编号：2025-075 深圳市盛弘电气股份有限公司 第四届董事会第九次会议决议的 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥853,939,248.70, representing a year-on-year increase of 28.54%[5] - Net profit attributable to shareholders was ¥118,555,934.36, up 33.09% compared to the same period last year[5] - The company's basic earnings per share for Q3 2025 was ¥0.3799, an increase of 32.37% year-on-year[5] - Total operating revenue for the current period reached ¥2,216,209,584.08, an increase of 5.73% compared to ¥2,095,105,643.10 in the previous period[23] - Net profit for the current period was ¥274,365,149.74, compared to ¥267,321,216.83 in the previous period, indicating a growth of 2.93%[23] - The net profit attributable to the parent company shareholders was 276,618,678.11, an increase from 270,574,181.03, representing a growth of approximately 2.4%[24] - The total comprehensive income attributable to the parent company owners was 275,090,195.28, compared to 270,522,221.62, indicating an increase of about 1.9%[24] - The basic and diluted earnings per share were both 0.8886, up from 0.8736, reflecting an increase of approximately 1.1%[24] Cash Flow - The net cash flow from operating activities surged to ¥349,916,152.46, a significant increase of 2858.22% year-on-year[12] - Cash inflows from operating activities totaled 2,120,786,568.86, compared to 1,772,132,512.52, marking a growth of around 19.6%[27] - The net cash flow from operating activities was 349,916,152.46, significantly higher than 11,828,585.96 from the previous period[27] - Cash inflows from investment activities were 899,501,236.17, compared to 355,457,198.18, showing an increase of approximately 153.5%[27] - The net cash flow from investment activities was -98,218,734.44, an improvement from -174,450,363.21, indicating a reduction in cash outflow[27] - The net cash flow from financing activities was -175,173,088.53, compared to -51,559,858.82, reflecting a larger cash outflow[28] - The cash and cash equivalents at the end of the period were 536,964,920.09, up from 244,017,954.92, representing an increase of approximately 120.5%[28] - The cash and cash equivalents net increase for the period was ¥77,110,012.15, a 136.43% improvement compared to the previous year[12] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥4,037,685,907.85, reflecting a 9.99% increase from the end of the previous year[5] - Total assets reached ¥4,037,685,907.85, compared to ¥3,670,801,749.29, showing an increase of 10.00%[21] - Total liabilities increased to ¥2,064,898,640.76 from ¥1,851,930,325.26, which is a rise of 11.48%[21] - The company's equity attributable to shareholders rose to ¥1,966,447,448.09 from ¥1,817,965,576.66, indicating an increase of 8.19%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 39,760[14] - The largest shareholder, Fangxing, holds 17.60% of shares, totaling 55,067,389 shares[14] - The second-largest shareholder, Sheng Jianming, holds 5.00% of shares, totaling 15,652,539 shares, with 10,412,638 shares pledged[14] - China Construction Bank holds 3.98% of shares, totaling 12,443,493 shares[14] - The total number of restricted shares at the end of the period is 43,942,798 shares, with 84,192 shares newly restricted[17] - The largest restricted shareholder, Fangxing, has 42,047,270 shares under lock-up[17] - The total number of shares held by the top 10 unrestricted shareholders is 53,000,000 shares[15] - The company has not disclosed any related party relationships among the top 10 shareholders[15] - The company has not participated in any margin financing or securities lending activities[15] - The total number of preferred shareholders is not applicable[16] Operating Costs and Expenses - Total operating costs amounted to ¥1,929,101,304.86, up from ¥1,809,075,458.12, reflecting a year-over-year increase of 6.63%[23] - Research and development expenses for the current period were ¥218,665,038.97, compared to ¥189,144,769.45 in the previous period, reflecting a growth of 15.61%[23] - The company's financial expenses showed a significant decrease of 311.71%, primarily due to increased interest income[11] Inventory and Receivables - Accounts receivable rose to ¥913,673,992.46, up from ¥853,981,648.21, marking an increase of 7.00%[20] - Inventory levels increased significantly to ¥898,168,179.71 from ¥701,379,635.37, reflecting a growth of 28.05%[20]

证券代码：300693 证券简称：盛弘股份 公告编号：2025-078 深圳市盛弘电气股份有限公司 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 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。 特别提示： 1、本次权益变动属于股份减持导致，不触及要约收购。 2、本次权益变动不涉及公司控股股东及实际控制人，不会导致公司控股股 东及实际控制人发生变更，不会影响公司的治理结构和持续经营。 3、本次权益变动后，盛剑明先生持股比例降低至 5.0000%，不再是公司持股 5%以上股东。 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 ...

深圳市盛弘电气股份有限公司简式权益变动报告书 深圳市盛弘电气股份有限公司 简式权益变动报告书 上市公司名称：深圳市盛弘电气股份有限公司 上市地点：深圳证券交易所 股票简称： 盛弘股份 股票代码：300693 信息披露义务人：盛剑明 住 所：广东省深圳市南山区*** 权益变动性质：股份减少（持股比例降至 5%） 签署日期：2025 年 10 月 24 日 1 深圳市盛弘电气股份有限公司简式权益变动报告书 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》、《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及相关法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书不需要获得必要的授权和批准。 三、依据《证券法》、《上市公司收购管理办法》的规定，本报告书已全面 披露信息披露义务人在深圳市盛弘电气股份有限公司（以下简称"盛弘股份"）中 拥有权益的股份变动情况。截至本报告书签署之日，除本报告书披露的信息外， 上述信息披露义务人没有通过任何其他方式增加或减少其在盛弘股份拥有权益 的股份。 四、本次权益变动是根据本 ...

Group 1 - The core point of the news is that Shenghong Electric Co., Ltd. experienced a stock price drop of 5.42%, with a current share price of 35.44 yuan and a total market capitalization of 11.085 billion yuan [1] - The company, established in September 2007 and listed in August 2017, specializes in the research, production, sales, and service of power electronic equipment [1] - The main revenue composition of the company includes: 46.42% from electric vehicle charging equipment, 20.82% from new energy power conversion equipment, 20.53% from industrial power supply, 9.78% from battery testing and formation equipment, and 2.45% from other sources [1] Group 2 - Chang'an Fund has a significant holding in Shenghong Electric, with its Chang'an Xinxing Mixed A fund holding 60,000 shares, representing 4.46% of the fund's net value, making it the third-largest holding [2] - The Chang'an Xinxing Mixed A fund was established on November 29, 2017, with a current scale of 33.3199 million yuan and has achieved a year-to-date return of 51.06% [2] - The fund manager, Zhang Yunkai, has been in position for 1 year and 162 days, with the best fund return during his tenure being 86.89% and the worst being 43.14% [3]

Core Points - The energy storage index experienced a decline, with a daily drop of 2.01% on October 23 [1] - Among the constituent stocks, Haibosi Chuang led the decline with a drop of 5.24%, followed by Shenghong Co., Jinpan Technology, Keda, and Yihuatong-U [1] Company Performance - Haibosi Chuang reported the largest decline among the energy storage stocks, falling by 5.24% [1] - Other companies such as Shenghong Co., Jinpan Technology, Keda, and Yihuatong-U also experienced declines, contributing to the overall negative performance of the sector [1] Industry Trends - The energy storage sector is currently facing downward pressure, as indicated by the overall index decline and the performance of key companies [1]

Market Overview - The other power equipment sector declined by 0.96% on October 22, with Shenghong Co. leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Notable gainers in the other power equipment sector included: - Haibo Sichuang (688411) with a closing price of 302.48, up 3.77% on a trading volume of 32,500 shares and a turnover of 971 million [1] - Yingjie Electric (300820) closed at 52.19, up 2.49% with a trading volume of 61,300 shares and a turnover of 316 million [1] - Hailu Heavy Industry (002255) closed at 8.93, up 1.82% with a trading volume of 507,600 shares and a turnover of 448 million [1] - Conversely, significant decliners included: - Jihong Co. (300693) closed at 37.47, down 3.65% with a trading volume of 153,100 shares [2] - Kewell (688551) closed at 42.22, down 3.30% with a trading volume of 22,200 shares [2] - Keda Technology (002518) closed at 38.67, down 3.23% with a trading volume of 135,400 shares [2] Capital Flow - The other power equipment sector experienced a net outflow of 326 million from institutional investors, while retail investors saw a net inflow of 416 million [2] - The capital flow for key stocks showed: - Haibo Sichuang had a net inflow of 1.09 billion from institutional investors, but a net outflow of 1.05 billion from speculative funds [3] - Tonghe Technology (300491) had a net inflow of 37.31 million from institutional investors, with a net outflow of 41.18 million from speculative funds [3] - New Power Energy (300593) had a net inflow of 27.88 million from institutional investors, but a net outflow of 27.94 million from retail investors [3]

Core Insights - The National Development and Reform Commission and five other departments have issued an action plan to double the service capacity of electric vehicle charging facilities by 2027, aiming to establish 28 million charging facilities nationwide and provide over 300 million kilowatts of public charging capacity to meet the demand of over 80 million electric vehicles [1][3]. Charging Infrastructure Goals - By the end of 2027, the plan sets specific targets for urban, highway, and rural charging networks, including the addition of 1.6 million DC charging guns in cities, 40,000 high-power charging guns on highways, and at least 14,000 DC charging guns in rural areas [3]. - The initiative also promotes a "unified construction and service" model for residential areas, aiming to establish 1,000 pilot communities to enhance private charging pile access and safety management [3]. Current Market Performance - As of August 2025, China has added 4.53 million charging piles, with a total of 17.348 million charging facilities, reflecting a year-on-year growth of 53.5% [5]. - Public charging facilities have reached 4.316 million, showing a 37.8% increase, while private charging facilities have grown by 59.6% to 13.032 million [5]. Key Companies in the Industry - **Teruid**: Leading in both charging operation and equipment manufacturing, with over 790,000 public charging terminals and a market share of 24%. Projected net profit for 2024 is 917 million yuan, expected to reach 1.577 billion yuan by 2026 [6]. - **State Grid Corporation's NARI Technology**: A subsidiary of the State Grid, it has built over 2,000 standardized charging stations and is a key player in setting international charging standards. Projected net profit for 2024 is 7.6 billion yuan, increasing to 9.4 billion yuan by 2026 [7][8]. - **Green Energy Huichong**: A leader in high-power DC charging machines, holding a 22% market share in the electric heavy truck fast charging market [9]. - **Yonggui Electric**: The first in China to achieve mass production of liquid-cooled charging guns, leading in technology and entering the supply chain of major automotive manufacturers [11][12]. - **Shenghong Co., Ltd.**: Engaged in the production of liquid-cooled supercharging piles and expanding its integrated light-storage charging systems into overseas markets [14].

Core Insights - The public utility sector is experiencing fluctuations in electricity prices and coal prices, with a notable decrease in electricity procurement prices year-on-year and an increase in coal prices week-on-week [1][3] - The performance of Jintou Energy in Q3 2025 is highlighted, showing significant profit growth due to favorable conditions in the coal market and increased electricity demand during peak summer [2] - The National Development and Reform Commission (NDRC) has introduced initiatives to boost electric vehicle charging infrastructure, indicating potential investment opportunities in this sector [2] Electricity and Coal Prices - In August 2025, the electricity procurement price decreased by 2% year-on-year but increased by 1.3% month-on-month [1][3] - As of October 17, 2025, the price of thermal coal at Qinhuangdao was 748 RMB per ton, reflecting a week-on-week increase of 39 RMB per ton [1][3] Electricity Consumption and Generation - Total electricity consumption from January to July 2025 reached 5.86 trillion kWh, representing a year-on-year increase of 4.5% [1][3] - Cumulative electricity generation during the same period was 5.47 trillion kWh, with a year-on-year growth of 1.3% [1][3] - Different energy sources showed varied performance: thermal power and hydropower decreased by 1.3% and 4.5% respectively, while nuclear, wind, and solar power increased by 10.8%, 10.4%, and 22.7% respectively [1][3] Investment Opportunities - The report suggests focusing on undervalued thermal power assets and the growth potential of electric vehicle charging infrastructure [4] - Recommendations include investing in companies like Jintou Energy, Jingneng Power, and Datang Power for thermal power opportunities [4] - The charging pile equipment sector is highlighted with companies such as Teruid and Shenghong as potential investment targets [4] - Renewable energy assets, particularly solar and charging infrastructure, are expected to see a revaluation due to market dynamics [4]

Group 1 - The SNECES+ 11th International Energy Storage and Battery Technology Exhibition showcased cutting-edge technologies in the energy storage industry, highlighting the latest achievements in energy transition [2] - Shenzhen Shenghong Electric Co., Ltd. launched zero-carbon park solutions and smart energy solutions for charging stations, providing systematic and implementable paths for green upgrades in industrial parks [2][5] - The zero-carbon park solution integrates over 20 years of experience in power electronics and a mature power SCADA foundation, covering the entire "source-network-load-storage" link [2][4] Group 2 - The rapid proliferation of electric vehicles is creating explosive charging demand, which poses a significant challenge to the balance of zero-carbon parks, while also representing a high-potential application in energy transition [3] - The smart energy solution for charging stations includes energy controllers, a smart energy cloud platform, energy storage systems, charging piles, and parking guidance displays, enabling full-stack collaboration from device to platform [4] - The solution features four core advantages: automatic orderly control during peak loads, multi-manufacturer energy management system coordination, excellent scalability and compatibility for virtual power plant integration, and real-time user experience enhancements through display screens [4] Group 3 - The solution has been successfully deployed and is operating stably in multiple parks, such as the Huizhou Manufacturing Center, achieving local maximum consumption of renewable energy and demand control [5] - By implementing a valley charging and peak release strategy, the solution has reduced electricity costs while achieving economic benefits and favorable relations with the power grid [5] - The company is leading the transformation of smart energy with systematic technical architecture and practical solutions, from building the foundation of zero-carbon parks to deepening smart energy charging scenarios [5]