格隆汇11月10日丨迈为股份(300751.SZ)公布，周剑先生及王正根先生于公司首次公开发行股票并上市 前签署了《原协议》及《补充协议（一）》，协议有效期至公司首次公开发行股票并上市之日起36个 月。2021年8月9日，双方签署了《补充协议（二）》约定双方一致行动期间到期后，双方一致行动的有 效期续期一年，即至2022年11月9日止。2022年11月9日，双方签署了《补充协议（三）》约定双方一致 行动期间到期后，双方一致行动的有效期续期一年，即至2023年11月9日止。2023年11月9日，双方签署 了《补充协议（四）》约定双方一致行动期间到期后，双方一致行动的有效期续期一年，即至2024年11 月9日止。2024年11月9日，双方签署了《补充协议（五）》约定双方一致行动期间到期后，双方一致行 动的有效期续期一年，即至2025年11月9日止。鉴于前述一致行动协议有效期即将届满，为促进公司持 续稳健发展，基于共同理念，经充分沟通协商，周剑先生及王正根先生于2025年11月9日签署了《补充 协议（六）》。 ...

格隆汇11月10日丨迈为股份(300751.SZ)公布，周剑先生及王正根先生于公司首次公开发行股票并上市 前签署了《原协议》及《补充协议（一）》，协议有效期至公司首次公开发行股票并上市之日起36个 月。2021年8月9日，双方签署了《补充协议（二）》约定双方一致行动期间到期后，双方一致行动的有 效期续期一年，即至2022年11月9日止。2022年11月9日，双方签署了《补充协议（三）》约定双方一致 行动期间到期后，双方一致行动的有效期续期一年，即至2023年11月9日止。2023年11月9日，双方签署 了《补充协议（四）》约定双方一致行动期间到期后，双方一致行动的有效期续期一年，即至2024年11 月9日止。2024年11月9日，双方签署了《补充协议（五）》约定双方一致行动期间到期后，双方一致行 动的有效期续期一年，即至2025年11月9日止。鉴于前述一致行动协议有效期即将届满，为促进公司持 续稳健发展，基于共同理念，经充分沟通协商，周剑先生及王正根先生于2025年11月9日签署了《补充 协议（六）》。 ...

迈为股份公告，控股股东、实际控制人周剑及王正根续签了一致行动协议。周剑持有公司22.12%股 份，王正根持有17.08%股份。此次续签协议将一致行动有效期延长至2026年11月9日，有利于公司控制 权稳定和战略连贯性。 ...

证券代码：300751 证券简称：迈为股份 公告编号：2025-060 苏州迈为科技股份有限公司 关于控股股东、实际控制人续签一致行动协议的公告 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。 苏州迈为科技股份有限公司（以下简称"公司"）于 2025 年 11 月 9 日收到 控股股东、实际控制人周剑先生及王正根先生的通知，鉴于双方在公司首次公开 发行股票上市前签署的《一致行动协议》（以下简称"《原协议》"）、《一致 行动协议之补充协议》（以下简称"《补充协议（一）》"）、2021 年 8 月 9 日签署的《一致行动协议之补充协议（二）》（以下简称"《补充协议（二）》"）、 2022 年 11 月 9 日签署的《一致行动协议之补充协议（三）》（以下简称"《补 充协议（三）》"）、2023 年 11 月 9 日签署的《一致行动协议之补充协议（四）》 （以下简称"《补充协议（四）》"）以及于 2024 年 11 月 9 日签署的《一致行 动协议之补充协议（五）》（以下简称"《补充协议（五）》"）即将到期，双 方签署了《一致行动协议之补充协议（六）》(以下简称"补充 ...

Group 1: Market Performance - The New Energy ETF has a turnover rate of 6.88% during trading, with a transaction volume of 106 million yuan [3] - The latest scale of the New Energy ETF reached 1.534 billion yuan, marking a new high since its inception [3] - In the past three months, the New Energy ETF has seen an increase of 246 million shares, indicating significant growth [3] - Over the last five trading days, the New Energy ETF has attracted a total of 62.2153 million yuan in inflows [3] Group 2: Fund Performance - As of November 7, the New Energy ETF's net value has increased by 72.23% over the past six months, ranking 91 out of 3859 in index equity funds, placing it in the top 2.36% [3] - Since its inception, the New Energy ETF has recorded a maximum monthly return of 25.07%, with the longest streak of consecutive monthly gains being six months and the highest cumulative increase being 67.53% [3] - The average return during the months of increase is 8.57% [3] Group 3: Industry Insights - According to Everbright Securities, the demand for energy storage batteries is expected to grow rapidly by 2026, while the growth of power batteries remains stable [3] - The "anti-involution" policy is anticipated to be the most important investment theme in the photovoltaic industry in 2026, with the silicon material segment expected to achieve capacity clearing and profit recovery first [3] - Companies with differentiated photovoltaic technologies and leading advantages are likely to gain excess profits during industry cycle fluctuations [3] Group 4: Stock Performance - As of October 31, 2025, the top ten weighted stocks in the China Securities New Energy Index include: Sunshine Power, CATL, Longi Green Energy, Eve Energy, TBEA, Huayou Cobalt, Ganfeng Lithium, China Nuclear Power, Tongwei Co., and Lead Intelligent, collectively accounting for 46.1% of the index [6]

Group 1 - The core point of the article highlights the recent performance of Maiwei Co., Ltd., which saw a 5% increase in stock price, reaching 109.19 CNY per share, with a trading volume of 831 million CNY and a turnover rate of 4.05%, resulting in a total market capitalization of 30.508 billion CNY [1] - Maiwei Co., Ltd. specializes in the design, research and development, production, and sales of high-end intelligent manufacturing equipment, with its main business revenue composition being 75% from solar cell production equipment, 18.1% from single machines, and 6.9% from parts and others [1] Group 2 - From the perspective of the top ten circulating shareholders of Maiwei Co., Ltd., Southern Fund's Southern CSI 500 ETF (510500) entered the top ten shareholders in the third quarter, holding 2.0542 million shares, which accounts for 1.06% of the circulating shares, with an estimated floating profit of approximately 10.6818 million CNY [2] - The Southern CSI 500 ETF (510500) has a total scale of 140.098 billion CNY, with a year-to-date return of 30.24%, ranking 1822 out of 4216 in its category, and a one-year return of 21.69%, ranking 2045 out of 3913 [2]

Core Insights - The photovoltaic industry has shown significant improvement in Q3 2025, with many companies turning losses into profits, indicating a positive trend that is expected to continue [1][22] - The future evolution of the photovoltaic industry is determined by "storage capacity" for mid-term valuation and the integration of AI in data centers for long-term success [1][23] Industry Overview 1. Silicon Material - GCL-Poly's Q3 profit from photovoltaic materials reached approximately 960 million yuan, a significant recovery from a loss of 1.81 billion yuan in the same period last year [2] - Tongwei and Daqo New Energy also reported substantial improvements, with Daqo achieving a profit of 73 million yuan in Q3 [2] - The silicon material sector has seen a price surge, with futures prices rising from 30,000 yuan/ton in Q2 to 58,000 yuan/ton in Q3, indicating a strong recovery [2][4] 2. Silicon Wafer - Second-tier silicon wafer companies like Hongyuan Green Energy and Shuangliang Energy have turned profitable, with Hongyuan reporting a profit of 500 million yuan in Q3 [7] - Longi Green Energy has also shown a notable reduction in losses, approaching breakeven [8] 3. Battery Components - Battery component manufacturers, including Longi, Jinko, Trina, and Tongwei, have reported improvements, except for JA Solar, which saw a decline in Q3 performance [10] 4. Inverters - Most inverter companies have experienced profit growth, driven by the expanding energy storage market, with Sungrow reporting a net profit of 11.8 billion yuan [14] - However, companies like Hemai and YN Energy faced losses due to weak demand in the European residential market [12][14] 5. Auxiliary Materials - The auxiliary materials sector, particularly the film industry, faced a challenging period in Q3, but prices have started to recover, indicating a potential turnaround [15][16] - Foster's overseas market share has increased significantly, contributing to its revenue growth [16] 6. Photovoltaic Equipment - Overall profits in the photovoltaic equipment sector are declining, but many companies still maintain good profitability [18] - Companies like Jiejia Weichuang and Maiwei are actively expanding into overseas markets, which is becoming a new growth point [19] Key Recognitions from Q3 Reports - The darkest period for the photovoltaic industry appears to be over, with most companies showing improved performance [22] - The demand for energy storage has exceeded expectations, with significant growth projected for the global storage market [23][25] - The residential market is showing signs of weakness, prompting companies to shift focus towards commercial markets [26][27] - Leading companies are beginning to demonstrate robust operational performance, indicating a shift towards a more competitive landscape [28][29] - New technologies that align with the AI era are expected to gain traction, enhancing the commercial value of photovoltaic products [31]

Core Viewpoint - Maimai Co., Ltd. has experienced a decline in stock price and financial performance, with significant net outflows of capital and a decrease in revenue and net profit year-on-year [1][2]. Group 1: Stock Performance - On November 5, Maimai's stock price fell by 2.07%, trading at 100.58 CNY per share, with a total market capitalization of 28.103 billion CNY [1]. - The stock has decreased by 3.34% year-to-date, with a 7.85% drop over the last five trading days, but has increased by 38.65% over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Maimai reported a revenue of 6.204 billion CNY, a year-on-year decrease of 20.13%, and a net profit attributable to shareholders of 663 million CNY, down 12.56% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 1.349 billion CNY, with 1.013 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 4.48% to 33,100, while the average circulating shares per person decreased by 4.28% to 5,840 shares [2]. - The top ten circulating shareholders include notable funds, with significant reductions in holdings for several, while a new entry is noted for the Southern CSI 500 ETF [3].

Core Viewpoint - The photovoltaic industry is experiencing a significant performance restructuring, with major companies in key sectors such as equipment, inverters, junction boxes, and mounting brackets facing declining profits and some even reporting losses, indicating a shift in the industry's profitability logic [1] Equipment Sector - Equipment suppliers are seeing the most pronounced decline, with several leading companies reporting both revenue and net profit decreases in Q3 [2] - Jiejia Weichuang (捷佳伟创) reported Q3 revenue of 4.734 billion yuan, a decrease of 17.26% year-on-year, and net profit of 858 million yuan, a sharp decline from previous growth rates [2] - Jing Sheng Machinery (晶盛机电) experienced a dramatic drop in Q3 revenue to 2.474 billion yuan, down 42.87%, and net profit of 262 million yuan, down 69.65% [2] - Maiwei Co., Ltd. (迈为股份) reported Q3 revenue of 1.991 billion yuan, a decline of 31.3%, and net profit of 269 million yuan, down 9.42% [4][5] - Aotewei (奥特维) saw its Q3 revenue drop to 1.292 billion yuan, down 48.65%, with net profit plummeting 90.04% to 50 million yuan [6] Inverter Sector - The inverter industry is experiencing a bifurcated performance, with some companies like Sungrow (阳光电源) and GoodWe (固德威) reporting significant profit increases, while others face profit declines [7] - Sungrow achieved a net profit of 4.147 billion yuan in Q3, up 57.04% year-on-year, while GoodWe's net profit surged by 200.83% [7] - Conversely, companies like Jinlang Technology (锦浪科技) and Deye (德业股份) reported net profit declines of 16.85% and 17.84%, respectively [7] Junction Box Sector - The junction box sector has also seen significant profit declines, with Zairun New Energy (泽润新能) reporting a net loss of approximately 3.856 million yuan in Q3, a 115.93% year-on-year drop [8] - Kuai Ke Electronics (快可电子) reported Q3 revenue of 328 million yuan, up 66.1%, but net profit decreased by 64.47% [8] Mounting Bracket Sector - The mounting bracket sector is facing similar challenges, with Qingyuan Co. (清源股份) reporting Q3 revenue of 470 million yuan, a 5.47% increase, but net profit down 73.94% [8] - Leading company Zhongxinbo (中信博) reported a net profit decline of 74.49% year-on-year, with Q3 losses reaching 48.39 million yuan, a 119.76% drop [9][10] Overall Industry Outlook - The overall profitability of the photovoltaic equipment, inverter, junction box, and mounting bracket sectors is declining, with industry experts indicating that the stability of returns from photovoltaic power stations is not as strong as before, complicating investment decisions [10]

Core Viewpoint - The stock of Maiwei Co., Ltd. has experienced fluctuations, with a recent decline of 2.04% and a total market value of 29.768 billion yuan, while the company has seen a year-to-date increase of 2.39% in stock price [1] Financial Performance - For the period from January to September 2025, Maiwei Co., Ltd. reported operating revenue of 6.204 billion yuan, a year-on-year decrease of 20.13%, and a net profit attributable to shareholders of 663 million yuan, down 12.56% year-on-year [2] Shareholder Information - As of September 30, 2025, the number of shareholders of Maiwei Co., Ltd. increased by 4.48% to 33,100, with an average of 5,840 circulating shares per person, a decrease of 4.28% [2] - The company has cumulatively distributed 1.349 billion yuan in dividends since its A-share listing, with 1.013 billion yuan distributed over the past three years [3] Stock Trading Activity - As of October 31, 2023, the stock price of Maiwei Co., Ltd. was 106.54 yuan per share, with a trading volume of 441 million yuan and a turnover rate of 2.10% [1] - The net outflow of main funds was 16.3794 million yuan, with significant buying and selling activities recorded [1] Business Overview - Maiwei Co., Ltd. specializes in the design, research and development, production, and sales of high-end intelligent manufacturing equipment, with solar cell production equipment accounting for 75% of its main business revenue [1]