Core Viewpoint - Qingdao Degute Energy Saving Equipment Co., Ltd. has approved the use of idle raised funds for cash management, with a limit of up to RMB 30 million, ensuring that it does not affect the construction of investment projects or the company's normal operations [1][2]. Group 1: Basic Situation of Cash Management - The company has decided to use part of the idle raised funds for cash management, with a maximum amount of RMB 30 million, effective for 12 months from the board's approval date [1]. - The funds can be used in a rolling manner within the specified limit and timeframe [1]. Group 2: Impact on the Company - The use of idle funds for cash management is aimed at enhancing fund utilization efficiency and generating returns for the company and its shareholders, without impacting the ongoing projects [2]. Group 3: Investment Risk and Control Measures - The company acknowledges potential investment risks due to market fluctuations and will adjust its investment strategy based on economic conditions [3][4]. - Strict selection criteria for investment products will be applied, focusing on reputable and financially stable entities [5]. - Continuous monitoring of investment product performance will be conducted, with measures taken to mitigate risks if necessary [5]. - The independent directors and the board's audit committee will oversee the fund usage, with the option to hire professional auditors if needed [5]. Group 4: Approval Procedures - The cash management proposal has been approved by the company's board and supervisory committee, with no need for further board review as it falls within the approved limits [6]. Group 5: Previous Cash Management Activities - As of the announcement date, the company has utilized a total of RMB 15 million in idle funds for cash management over the past twelve months, which is within the authorized limit [6].

证券代码：300950 证券简称：德固特 公告编号：2025-072 青岛德固特节能装备股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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。 青岛德固特节能装备股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开第五届董事会第五次会议、第五届监事会第五次会议，审议通过了《关于 公司使用闲置募集资金进行现金管理的议案》，同意公司在确保不影响募集资金 投资项目建设、不影响公司正常运营及确保资金安全的情况下，使用闲置募集资 金额度不超过人民币 3,000 万元（含本数）进行现金管理，使用期限自董事会审 议通过之日起 12 个月内有效。在上述额度及期限内，资金可循环滚动使用。具 体内容详见公司 2025 年 4 月 22 日公布在巨潮资讯网（www.cninfo.com.cn）上的 《关于使用闲置募集资金进行现金管理的公告》（公告编号：2025-020）。 一、本次使用部分闲置募集资金进行现金管理的基本情况 | 受托方 | 产品 | 金额 | 产品类型 | 起始 | 到期 | 预期年化 | | -- ...

证券日报网讯12月1日，德固特（300950）在互动平台回答投资者提问时表示，截至2025年11月28日， 公司股东户数为18，615户。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 一、本次重大资产重组的基本情况 公司拟通过发行股份及支付现金的方式购买浩鲸科技100%股权并募集配套资金（以下简称"本次交 易"或"本次重大资产重组"）。经初步测算，本次交易预计构成《上市公司重大资产重组管理办法》规 定的重大资产重组，预计构成关联交易，但不会导致公司实际控制人发生变更，不构成重组上市。 二、公司筹划重大资产重组期间所做的主要工作 自筹划重大资产重组事项以来，公司按照相关法律法规要求，稳步推进本次重大资产重组包括审计和评 估在内的各项工作，并按照有关规定及时履行信息披露义务，并在筹划重大资产重组提示性公告及进展 公告中对相关风险进行了充分提示，同时积极履行信息保密义务，严格控制内幕信息知情人的范围。本 次交易主要过程如下： 2025年10月12日，公司发布第三次月度进展公告《德固特关于发行股份及支付现金购买资产并募集配套 资金暨关联交易事项的进展公告》（公告编号：2025-066）。 三、关于拟终止本次重大资 ...

Core Viewpoint - The company intends to acquire 100% equity of Haowei Technology through a combination of share issuance and cash payment, which is classified as a major asset restructuring and is expected to involve related party transactions, but will not result in a change of actual control or constitute a reverse listing [2] Group 1 - The transaction is expected to be classified as a major asset restructuring according to the regulations [2] - The company has received feedback from Haowei Technology regarding the transaction, indicating a lack of consensus on the valuation and performance commitments among major shareholders [2] - As of the announcement date, the parties involved have not signed a formal substantive agreement regarding the specific transaction plan, and there will be no breach of contract liabilities for terminating the transaction [2]

证券代码：300950 证券简称：德固特 公告编号：2025-071 青岛德固特节能装备股份有限公司 关于拟终止重大资产重组的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、本次重大资产重组的基本情况 公司拟通过发行股份及支付现金的方式购买浩鲸科技 100%股权并募集配套资 金（以下简称"本次交易"或"本次重大资产重组"）。经初步测算，本次交易预计 构成《上市公司重大资产重组管理办法》规定的重大资产重组，预计构成关联交易， 但不会导致公司实际控制人发生变更，不构成重组上市。 公司股票于 2025 年 7 月 14 日开市起复牌。 2025 年 8 月 13 日，公司发布第一次月度进展公告《德固特关于发行股份及支 付现金购买资产并募集配套资金暨关联交易事项的进展公告》（公告编号：2025-051）。 2025 年 9 月 12 日，公司发布第二次月度进展公告《德固特关于发行股份及支 付现金购买资产并募集配套资金事项的进展公告》（公告编号：2025-062）。 2025 年 10 月 12 日，公司发布第三次月 ...

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [48]. Core Insights - The mechanical industry is experiencing steady growth, with significant developments in the low-altitude economy and manufacturing mid-test platforms, which are expected to enhance investment vitality and safety regulation [3][4]. - The report highlights a recent decline in the mechanical equipment sector, with a drop of 2.22% from November 9 to November 14, 2025, underperforming the broader market indices [10][12]. - Key sectors such as low-altitude economy and engineering machinery are projected to maintain a stable growth trajectory, supported by government initiatives and infrastructure investments [4][5]. Weekly Market Review - From November 9 to November 14, 2025, the Shanghai Composite Index fell by 0.18%, while the Shenzhen Component Index and the ChiNext Index decreased by 1.40% and 3.01%, respectively [10]. - The sub-sectors within the mechanical equipment industry, including general equipment, specialized equipment, and engineering machinery, experienced declines of 1.17%, 0.88%, and 5.07%, respectively [10][13]. Key Sector Tracking - The low-altitude economy sector has seen important progress, with the State Council issuing measures to encourage private investment in infrastructure, which is expected to bolster the industry's development [3]. - The Ministry of Industry and Information Technology has initiated plans to accelerate the systematic layout and high-level construction of manufacturing mid-test platforms, aiming for a robust service network by the end of 2027 [4][20]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and WanFeng Aowei [5]. - In the mechanical equipment sector, companies such as Sany Heavy Industry, XCMG, and Huazhong CNC are highlighted as potential investment opportunities [5].

Group 1 - A total of 18 stocks experienced a price increase of over 40% during the week of November 10 to November 14, with 11 stocks rising over 50% [1] - Huasheng Lithium Battery topped the weekly gainers with a remarkable increase of 79.61% [1] - Other notable gainers included Haike Xinyuan, Jindike, and Furui Shares, with weekly increases of 71.38%, 61.65%, and 61.23% respectively [1] Group 2 - On the downside, 5 stocks recorded a decline of over 20% during the same week, with *ST Changyao leading the losses at 33.62% [1] - Haitan Shares and Degute experienced declines of 29.01% and 24.65% respectively [1]

Investment Rating - The report maintains a "Market Weight" rating for the mechanical equipment industry, indicating that the industry is expected to perform within ±10% of the market index over the next six months [50]. Core Insights - The mechanical equipment industry has experienced a decline of 1.75% in the past two weeks, underperforming the CSI 300 index by 1.58 percentage points, ranking 27th among 31 industries [2][13]. - Year-to-date, the mechanical equipment sector has increased by 33.14%, outperforming the CSI 300 index by 13.65 percentage points, ranking 7th among 31 industries [13][27]. - The report highlights the ongoing technological innovations leading to industry upgrades, particularly in the electrification and dexterous hand segments of engineering machinery [4][46]. Summary by Sections Market Review - As of November 13, 2025, the mechanical equipment sector has seen a 1.75% decline in the last two weeks, with the general equipment sector showing the highest increase of 0.40% among its sub-sectors [2][21]. - The top three performing stocks in the mechanical equipment sector over the past two weeks are Huafeng Co., World Co., and Jikai Co., with increases of 46.59%, 40.02%, and 36.22% respectively [20][22]. Valuation - The current PE TTM for the mechanical equipment sector is 31.51 times, with sub-sectors showing varied valuations: General Equipment at 43.79 times, Specialized Equipment at 31.81 times, and Automation Equipment at 49.06 times [3][25]. Industry News - The report notes that the demand for engineering machinery is expected to be supported by the commencement of major national projects and accelerated funding [5][46]. - Exports of engineering machinery products have shown significant growth, with a year-on-year increase of 29.78% in September [5][46]. Company Announcements - The report suggests focusing on companies like Huichuan Technology and Green Harmonic, which are positioned well in the market due to their strong competitive advantages and growth potential [44][47].

Core Viewpoint - Qingdao Deguote Energy Saving Equipment Co., Ltd. announced the intention to terminate its major asset restructuring due to a lack of consensus with the main shareholders of the target company, Haowei Cloud Computing Technology Co., Ltd. [1] Group 1 - The company has been steadily advancing the major asset restructuring, including auditing and evaluation, since the planning phase began [1] - The restructuring involved issuing A-shares to specific investors, including Nanjing Xiru, ZTE Corporation, and others [2] - The company aimed to acquire 100% equity of Haowei Technology through a combination of share issuance and cash payment, which led to a significant stock price increase of 20% on October 14 [2] Group 2 - The acquisition, referred to as a "snake swallowing an elephant," was terminated within five months of its planning [3] - The company will need to negotiate further with the transaction parties regarding the termination and complete internal review procedures, which introduces uncertainty [1]