Group 1 - The core viewpoint of the news highlights the active performance of the electric grid equipment sector, driven by significant infrastructure demands stemming from the AI wave, with the only electric grid equipment ETF (159326) showing a slight increase of 0.22% and a trading volume of 1.48 billion yuan [1][3] - The AI infrastructure investments are substantial, with OpenAI planning a $1.4 trillion infrastructure project and Anthropic, supported by Amazon, proposing to invest $50 billion in AI infrastructure in the U.S., particularly focusing on power supply [1] - A report from Western Securities indicates that most industries in the AI supply chain, except for the internet and high-end chips, rely on external imports due to the hollowing out of U.S. industries, which may lead to increased industrial demand for data centers penetrating into China [1] Group 2 - The electric grid equipment ETF (159326) is the only ETF tracking the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment [2] - The index has a high weight of 64% in ultra-high voltage, the highest in the market, and includes leading companies such as Guodian NARI, TBEA, Siyuan Electric, and Trina Solar among its top ten holdings [2]

Core Viewpoint - The announcement details a share reduction by a major shareholder, indicating a shift in ownership stakes within the company, which may impact investor sentiment and market perception [1] Summary by Relevant Sections Shareholder Reduction - Jiangyin Electric Alloy Co., Ltd. disclosed a share reduction plan by its shareholder Jiangyin Qiuwai Management Consulting Partnership (Limited Partnership) [1] - Shareholder Shen Guoxiang plans to reduce his indirect holdings through Jiangyin Qiuwai by a maximum of 2.4 million shares, representing 0.55% of the total share capital [1] Implementation of Reduction - The reduction was executed between November 5 and November 24, 2025, with a total of 2.4 million shares sold through block trading [1] - Following the reduction, Jiangyin Qiuwai's shareholding decreased from 4.44% to 3.88%, completing the planned reduction [1]

Core Viewpoint - The company, Electric Alloy (300697.SZ), has completed a share reduction plan initiated by shareholder Jiangyin Qiuwai, resulting in a decrease in their shareholding percentage from 4.44% to 3.88% [1] Summary by Relevant Sections - **Share Reduction Details** - Jiangyin Qiuwai reduced their holdings by 2.4 million shares through block trading, which represents 0.55% of the company's total share capital [1] - The entire amount of shares reduced was acquired by Mr. Shen Guoxiang through block trading [1] - **Post-Transaction Shareholding** - Following the completion of the reduction plan, Jiangyin Qiuwai's shareholding in the company is now 3.88% [1]

江阴电工合金股份有限公司 关于股东减持计划实施完成的公告 股东江阴秋炜管理咨询合伙企业（有限合伙）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义务人提供的信息一致。 江阴电工合金股份有限公司（以下简称"公司"）于 2025 年 9 月 8 日在中 国证监会指定信息披露媒体巨潮资讯网（http://www.cninfo.com.cn）上披露了《关 于股东减持股份预披露公告》（2025-039），股东江阴秋炜管理咨询合伙企业（有 限合伙）（以下简称"江阴秋炜"）的份额持有人沈国祥先生计划自减持预披露 公告披露之日起 15 个交易日后的 3 个月内以大宗交易方式受让其通过江阴秋炜 间接持有的公司股份不超过 240 万股（占公司总股本比例 0.55%）。 公司于近日收到股东江阴秋炜出具的《关于减持计划实施完成的告知函》， 江阴秋炜于 2025 年 11 月 5 日至 11 月 24 日通过大宗交易方式减持公司股份 240 万股（占公司总股本比例 0.55%），其份额持有人沈国祥先生通过大宗交易方式 受让了江阴秋炜本次减持的全部公司股份。本次权 ...

Core Viewpoint - The company, Electric Alloy (300697), announced a correction of accounting errors in its Q3 2025 financial report, specifically affecting the consolidated balance sheet, but not impacting the profit and cash flow statements [1][2]. Financial Corrections - The correction involved adjustments to accounts receivable and payable, with accounts receivable revised from 104 million to 53.65 million, a decrease of 50 million [1][3]. - Total current assets and total assets were also reduced by 50 million, resulting in corrected total assets of approximately 2.164 billion [1][3]. - Accounts payable were adjusted from 294 million to 244 million, similarly decreasing by 50 million [1][3]. - The overall liabilities and equity totals were also reduced by 50 million, reflecting the same adjustments [1][3]. Financial Ratios - Following the corrections, the debt-to-asset ratio improved from 44.43% to 43.14% [2]. Business Performance - For the first three quarters of 2025, the company reported revenue of 2.293 billion, a year-on-year increase of 25.11%, and a net profit attributable to shareholders of 127 million, up 38.45% [4]. - In August, the company announced plans to issue convertible bonds to raise up to 545 million, with proceeds intended for a high-performance copper and alloy production project and to supplement working capital [4]. Project Funding - The total investment for the high-performance copper and alloy production project is 485.77 million, with 388 million expected to be funded from the bond issuance [5]. - An additional 157 million is earmarked for working capital and bank loan repayment [5]. Dividend Distribution - Over the past three years, the company has distributed a total of 186 million in cash dividends [5]. Market Performance - As of November 20, the company's stock price was 15.77 per share, with a total market capitalization of 6.823 billion [6].

证券代码：300697 证券简称：电工合金 公告编号：2025-048 江阴电工合金股份有限公司 关于 2025 年第三季度财务报告会计差错更正的公告 本公司及董事会全体成员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。 特别提示： 本次会计差错更正影响江阴电工合金股份有限公司（以下简称"公司"）2025 年第三季度合并资产负债表中应收票据、流动资产合计、资产总计、应付票据、 流动负债合计、负债合计、负债和所有者权益总计金额，不影响 2025 年第三季 度合并利润表及合并现金流量表。2025 年第三季度合并资产负债表更正后，资 产负债率由 44.43%下降为 43.14%。 公司于 2025 年 11 月 19 日召开了第四届董事会第十一次会议，审议通过了 《关于 2025 年第三季度财务报告会计差错更正的议案》，同意公司按照《企业 会计准则第 28 号——会计政策、会计估计变更和差错更正》和《公开发行证券 的公司信息披露编报规则第 19 号——财务信息的更正及相关披露》的相关规定 和要求，对相关会计差错进行更正。公司本次会计差错更正仅涉及 2025 年第三 季度合并资产负债表相关 ...

Group 1 - The company, Electric Alloy (SZ 300697), announced that its fourth board meeting was held on November 19, 2025, via telecommunication voting, where it reviewed the proposal for appointing an accounting firm [1] - For the year 2024, the revenue composition of Electric Alloy is as follows: copper processing industry accounts for 97.83%, while other businesses account for 2.17% [1] - As of the report date, Electric Alloy has a market capitalization of 6.8 billion yuan [1]

证券代码：300697 证券简称：电工合金 公告编号：2025-047 江阴电工合金股份有限公司 关于聘任会计师事务所的公告 本公司及董事会全体成员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。 容诚会计师事务所（特殊普通合伙）由原华普天健会计师事务所（特殊普通 合伙）更名而来，初始成立于 1988 年 8 月，2013 年 12 月 10 日改制为特殊普通 合伙企业，是国内最早获准从事证券服务业务的会计师事务所之一，长期从事证 券服务业务。注册地址为北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26，首席合伙人刘维。 2、人员信息 截至 2024 年 12 月 31 日，容诚会计师事务所共有合伙人 196 人，共有注册 会计师 1549 人，其中 781 人签署过证券服务业务审计报告。 3、业务规模 容诚会计师事务所经审计的 2024 年度收入总额为 251,025.80 万元，其中审 计业务收入 234,862.94 万元，证券期货业务收入 123,764.58 万元。 特别提示： 本次拟续聘会计师事务所事项符合《国有企业、上市公司选聘会计师 ...

证券代码：300697 证券简称：电工合金 公告编号：2025-049 江阴电工合金股份有限公司 关于召开 2025 年第二次临时股东会的通知 本公司及董事会全体成员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。 江阴电工合金股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日召开 第四届董事会第八次会议，审议通过了公司向不特定对象发行可转换公司债券的 相关议案。同时，公司于 2025 年 11 月 19 日召开第四届董事会第十一次会议， 审议通过了《关于聘任会计师事务所的议案》及《关于提请召开 2025 年第二次 临时股东会的议案》，决定于 2025 年 12 月 5 日召开 2025 年第二次临时股东会， 审议上述相关议案。现将有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会； 2、股东会的召集人：董事会； 3、会议召开的合法、合规性：公司第四届董事会第十一次会议审议通过了 《关于提请召开 2025 年第二次临时股东会的议案》，召集程序符合《公司法》 《证券法》《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 ...

证券代码：300697 证券简称：电工合金 公告编号：2025-046 江阴电工合金股份有限公司 第四届董事会第十一次会议决议公告 本公司及董事会全体成员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。 上述议案已经公司第四届董事会审计委员会第八次会议审议通过。 一、董事会会议召开情况 江阴电工合金股份有限公司（以下简称"公司"）于 2025 年 11 月 17 日向全 体董事发出了关于召开第四届董事会第十一次会议的通知，会议于 2025 年 11 月 19 日上午 10 时以通讯表决的方式召开。本次会议应参加表决董事 5 人，实际 参加表决董事 5 人。会议由董事长陈烨辉先生主持，公司高级管理人员列席了本 次董事会。本次会议的召集、召开、表决程序符合《中华人民共和国公司法》等 法律法规、规范性文件和《公司章程》等的有关规定。 具体内容详见公司同日刊载于中国证监会指定信息披露媒体巨潮资讯网 （http://www.cninfo.com.cn）上的《关于聘任会计师事务所的公告》。 2、审议并通过了《关于 2025 年第三季度财务报告会计差错更正的议案》 董事会认为：公司本次会计差错更正 ...