证券代码：300982 证券简称：苏文电能 公告编号：2026-009 苏文电能科技股份有限公司 关于受让万帮数字能源股份有限公司部分股权的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、交易概述 苏文电能科技股份有限公司（以下简称"公司"）与万帮数字能源股份有限公 司于 2026 年 1 月 7 日签署《股权转让协议》，公司拟以现金方式协议受让万帮数字 能源股份有限公司持有的中石化万帮新能源（江苏）有限公司（以下简称"中石化 万帮"）30%股权，股权对价以中石化万帮 2025 年 10 月 31 日的净资产人民币 21,595,476.18 元为基础，参考未来盈利能力，经双方协商确定，交易总价为 748 万 元（大写：柒佰肆拾捌万元整）。 具体内容详见公司于 2026 年 1 月 8 日在指定信息披露网站"巨潮资讯网" （http://www.cninfo.com.cn ）披露的《关于受让万帮数字能源股份有限公司部分 股权的公告》。 8. 经营范围：许可项目：发电业务、输电业务、供（配）电业务；输电、供电、 受电电力设施的安装、维修和试验；建设 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and energy sectors, emphasizing the potential benefits from the energy self-sufficiency strategy and rising energy prices [12][27]. Core Insights - The current market focus is on energy self-sufficiency, driven by geopolitical tensions in the Middle East and rising oil prices, which have reached $103.68 per barrel [1][15]. - China's reliance on imported oil and gas is projected to increase, with dependency rates expected to reach 73% for oil and 41% for gas by 2025, highlighting the urgency for energy security [1][15]. - The construction sector is seen as undervalued, with state-owned enterprises showing low price-to-book ratios, indicating strong potential for recovery and investment opportunities [9][24]. Summary by Sections 1. Coal Chemical Industry - The coal chemical sector is expected to benefit from both energy self-sufficiency and rising chemical prices, with policies likely to support the development of coal-to-oil and coal-to-gas projects [2][18]. - Key companies recommended include China Chemical, Sanwei Chemical, and Donghua Technology, which are positioned to capitalize on these trends [2][18]. 2. New Power Systems - The report highlights significant investment opportunities in new power systems, with government policies promoting smart grid construction and renewable energy applications [3][11]. - Recommended companies include China Energy Engineering, China Power Construction, and Ankerui, which are well-positioned to benefit from these developments [3][11]. 3. Green Fuels - The green hydrogen and ammonia sector is identified as a growth area, with government support for hydrogen energy projects expected to drive industrial-scale adoption [7][22]. - China Energy Engineering is noted for its proactive investments in hydrogen projects, while China Railway Construction is involved in green methanol initiatives [7][22]. 4. Rising Energy Prices - Companies like Northern International are expected to benefit from rising coal and electricity prices, with projections indicating improved profitability as energy prices increase [8][23]. - The report emphasizes the potential for these companies to leverage their existing projects in regions with high energy demand [8][23]. 5. Market Dynamics - The report discusses the potential for a "high-cut low" market strategy, where undervalued sectors like construction may offer defensive investment opportunities amid rising inflation risks [9][24]. - The construction sector's low valuation and the anticipated acceleration of infrastructure investments are expected to support revenue and profit recovery for state-owned enterprises [9][24].

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and energy sectors, including China Energy Engineering, China Power Construction, and others [12][29]. Core Insights - The report emphasizes the urgent need for energy security in China due to geopolitical tensions and reliance on imported oil and gas, with a forecasted import dependency of 73% for oil and 41% for natural gas by 2025 [1][10]. - The 2026 "Two Sessions" highlighted energy security as a fundamental national security project, setting a target for comprehensive energy production capacity to reach 5.8 billion tons of standard coal [2][16]. - The report identifies three key investment directions under the "energy self-sufficiency" framework: new power systems, green fuels, and coal chemical engineering [11][29]. Summary by Sections New Power Systems - The report outlines a strategic push for constructing new power systems, including smart grid development and expanding green electricity applications, with significant investments planned [2][22]. - Key companies recommended for investment in this area include China Energy Engineering, which holds a leading position in energy integration services, and China Power Construction, a leader in hydropower and renewable energy projects [22][23]. Green Fuels - The establishment of a national low-carbon transition fund aims to promote hydrogen and green fuel industries, with hydrogen expected to transition from demonstration to industrial-scale production during the 14th Five-Year Plan [8][26]. - China Energy Engineering is highlighted for its proactive approach in the hydrogen market, with over 50 projects in various stages of development [8][26]. Coal Chemical Engineering - The report notes the increasing importance of coal chemical engineering in enhancing energy self-sufficiency, particularly in light of rising oil prices and external supply uncertainties [9][27]. - Recommended companies in this sector include China Chemical Engineering and Donghua Technology, which are positioned to benefit from the expected acceleration in coal chemical project investments [9][27].

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and energy sectors, including China Energy Engineering, China Power Construction, and others [12][30]. Core Insights - The report emphasizes the urgent need for energy security in China due to geopolitical tensions and reliance on imported oil and gas, with a forecasted import dependency of 73% for oil and 41% for natural gas by 2025 [1][10]. - The 2026 "Two Sessions" highlighted energy security as a fundamental national security project, setting a target for comprehensive energy production capacity to reach 5.8 billion tons of standard coal [2][16]. - The report identifies three key investment directions under the "energy self-sufficiency" framework: new power system construction, green fuels, and coal chemical industry development [11][29]. Summary by Sections New Power System Construction - The report outlines a strategic push for building a new power system, including smart grid development and new energy storage, with significant investments planned by the State Grid and Southern Power Grid [22][25]. - Key companies to watch include China Energy Engineering, which holds a leading position in energy integration services, and China Power Construction, which dominates hydropower and renewable energy projects [22][23]. Green Fuels - The establishment of a national low-carbon transition fund aims to promote hydrogen and green fuel industries, with a focus on scaling up hydrogen production and sustainable aviation fuels [8][26]. - China Energy Engineering is highlighted for its proactive approach in the hydrogen market, with over 50 projects in various stages of development [8][26]. Coal Chemical Industry - The report notes the increasing importance of modern coal chemical processes, such as coal-to-oil and coal-to-gas, to enhance energy self-sufficiency amid rising oil prices [9][27]. - Recommended companies in this sector include China National Chemical Corporation and Donghua Technology, which are positioned to benefit from increased investment in coal chemical projects [9][27].

证券代码：300982 证券简称：苏文电能 公告编号：2026-008 苏文电能科技股份有限公司 关于全资子公司与专业投资机构共同投资产业基金的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、与专业投资机构共同投资概述 苏文电能科技股份有限公司（以下简称"公司"）全资子公司思贝尔电力投资有 限公司（以下简称"思贝尔"）作为有限合伙人于 2026 年 2 月 4 日与宁波乘势企业 管理合伙企业（有限合伙）、上海达朗聚新材料有限公司、江苏华宇建设有限公司、 江苏力拓建设发展有限公司、浙江见识创业投资管理有限公司签署了《宁波见识智 盛创业投资合伙企业（有限合伙）之合伙协议》，参与投资宁波见识智盛创业投资 合伙企业（有限合伙）（以下简称"合伙企业"）基金份额。该合伙企业认缴出资 总额为人民币 21,501 万元（币种下同），其中思贝尔以自有资金认缴出资 1,500 万 元，占合伙企业认缴出资总额的 6.9764%。 具体内容详见公司于 2026 年 2 月 5 日在指定信息披露网站"巨潮资讯网" （http://www.cninfo.com.cn）披露的 ...

Investment Rating - The investment rating for the construction decoration industry is "Positive" (maintained) [4] Core Viewpoints - The State Council meeting on February 6 emphasized the importance of effective investment for stabilizing economic growth, with major projects being a key focus for the "14th Five-Year Plan" [4][11] - In 2026, various provinces are disclosing major project lists, maintaining high investment intensity, with many provinces planning investments around 1 trillion yuan, indicating that stabilizing investment remains a core strategy for local economic work [5][12] - Infrastructure projects dominate the disclosed lists, with significant investments in transportation, municipal, water conservancy, and energy sectors, while advanced manufacturing and new energy projects are also on the rise, reflecting a focus on industrial upgrades and future growth [5][12] Summary by Sections 1. Weekly Insights - The State Council has set the direction for effective investment, highlighting major projects as crucial for the "14th Five-Year Plan" [11] - The focus is on long-term development needs and building future competitive advantages in key areas such as infrastructure and emerging industries [11] 2. Company Dynamics 2.1. Order-related - Companies like Chongqing Construction and Beixin Road and Bridge have secured significant project contracts, with Chongqing Construction winning two major projects worth approximately 11.19 billion yuan combined [14] 2.2. Other - Companies are engaging in strategic moves such as equity transfers and establishing investment funds to focus on sectors like intelligent manufacturing and new materials [16] 3. Market Review 3.1. Sector Tracking - The Shanghai Composite Index fell by 1.27%, while the construction decoration index dropped by 1.81%, with only a few stocks showing gains [17] 3.2. Major Transactions - A total of three companies engaged in block trades, with significant transaction volumes reported [18] 3.3. Infrastructure Data Tracking - New special bonds issued this week amounted to 134.28 billion yuan, with a cumulative issuance of 516.46 billion yuan, reflecting a year-on-year increase of 125.35% [22] 3.4. Funding Tracking - The macroeconomic indicators show a slight decline in the USD to RMB exchange rate and a decrease in the yield of ten-year government bonds [24]

Group 1 - The photovoltaic sector has seen significant gains, with multiple stocks experiencing substantial increases in their share prices [1][2][3] - Key performers include GCL-Poly Energy, which has achieved a four-day consecutive rise, and Shuangliang Energy, which has seen three increases in five days [1] - Other notable stocks that reached their daily limit include Suwen Electric, Juhe Materials, and several others, with increases of up to 20% [1][2] Group 2 - In the stock market, Tongxiang Technology led with a rise of 29.98%, followed by Suwen Electric and Juhe Materials, both at 20% [2] - Other significant gainers include Jieput, which rose by 18.86%, and Liancheng CNC, which increased by 15.02% [2] - The Hong Kong market also reflected positive trends in the photovoltaic sector, with Jun Da shares up over 15% and GCL-Poly Energy up over 14% [3][4]

Group 1 - The photovoltaic sector experienced significant gains, with multiple stocks hitting their daily limit up, including GCL-Poly Energy, which achieved a four-day consecutive rise [1] - Notable stocks with substantial increases include Suwen Electric, Juhe Materials, and others, all reaching a 20% limit up [1] - Several companies such as Jietu, Liancheng CNC, and Jinko Energy saw their stock prices rise by over 11% [1] Group 2 - Specific stock performance data shows that Tongxiang Technology surged by 29.98%, reaching a price of 25.23, with a net inflow of 7.89 million [2] - Suwen Electric and Juhe Materials both increased by 20%, with current prices of 26.16 and 89.23 respectively [2] - Other notable performers include Jietu with an 18.86% rise, and Liancheng CNC with a 15.02% increase [2] Group 3 - The Hong Kong stock market also reflected strong performance in the photovoltaic sector, with Jun Da shares rising over 15% and GCL-Poly Energy increasing by over 14% [3] - Other companies in the Hong Kong market, such as Kaisheng New Energy, also saw gains exceeding 7% [3]

苏文电能科技股份有限公司 证券代码：300982 证券简称：苏文电能 公告编号：2026-006 苏文电能科技股份有限公司 关于全资子公司与专业投资机构共同投资 设立产业基金的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、与专业投资机构共同投资概述 苏文电能科技股份有限公司（以下简称"公司"）全资子公司思贝尔电力投资有 限公司（以下简称"思贝尔"）作为有限合伙人于 2026 年 2 月 2 日与专业投资机构 常州力中投资管理有限公司及其他有限合伙人联检（江苏）科技股份有限公司、无 锡市宝森投资管理有限公司、江苏协和电子股份有限公司、黄文波、梁元旦、周元 琴、许常娥、蒋亚军及杨亚东共同签署了《常州力韧创业投资合伙企业（有限合伙） 合伙协议》，各合伙人共同出资设立常州力韧创业投资合伙企业（有限合伙）（以 下简称"合伙企业"或"基金"）。该合伙企业的认缴出资总额为人民币 6,850 万元， 其中思贝尔以自有资金认缴出资 500 万元，占合伙企业认缴出资总额的 7.2993%。具 体 内 容 详 见 公 司 于 2026 年 2 月 3 日 在 指 定 ...

证券代码：300982 证券简称：苏文电能 公告编号：2026-007 苏文电能科技股份有限公司 关于变更募投项目后重新签订 募集资金四方监管协议的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 根据中国证监会出具的《关于同意苏文电能科技股份有限公司向特定对象发 行股票注册的批复》（证监许可[2022]2366 号），苏文电能科技股份有限公司（以 下简称"公司"或"苏文电能"）向特定对象发行人民币普通股股票（A 股） 30,681,188 股，每股发行价 45.26 元，每股面值人民币 1.00 元，募集资金总额 1,388,630,568.88 元，扣除含税承销保荐费用人民币 21,922,039.53 元和含税持 续督导费人民币 1,060,000.00 元，实际收到募集资金人民币 1,365,648,529.35 元，扣除其他不含税发行费用 2,403,435.24 元，加上不属于发行费用的本次承 销 保 荐 费 可 抵 扣 增 值 税 进 项 税 额 人 民 币 1,240,870.16 元 和 持 续 督 导 费 1,060,000.00 元， ...