Core Viewpoint - Yangdian Technology (301012.SZ) announced the completion of a share transfer agreement with Sichuan Hantang Cloud Intelligence Technology Co., Ltd., resulting in a change of controlling shareholder and actual controller [1] Group 1: Share Transfer Details - Hantang Cloud Intelligence acquired a total of 17,808,280 shares from Zhao Henglong, representing 9.04% of the company's total share capital [1] - The share transfer has been officially registered with China Securities Depository and Clearing Corporation Limited, and a Securities Transfer Registration Confirmation has been obtained [1] Group 2: Change in Control - Following the share transfer, the controlling shareholder of the company is now Hantang Cloud Intelligence [1] - The actual controller of the company has changed to Mr. Nie Kunlin [1]

Core Viewpoint - Yangdian Technology (301012.SZ) announced the completion of a share transfer agreement with Sichuan Hantang Cloud Intelligence Technology Co., Ltd., resulting in a change of controlling shareholder and actual controller [1] Group 1: Share Transfer Details - Hantang Cloud Intelligence acquired a total of 17,808,280 shares from Zhao Henglong, representing 9.04% of the company's total share capital [1] - The share transfer has been officially registered with China Securities Depository and Clearing Corporation Limited, and a Securities Transfer Registration Confirmation has been obtained [1] Group 2: Change in Control - Following the share transfer, the controlling shareholder of the company is now Hantang Cloud Intelligence [1] - The actual controller of the company has changed to Mr. Nie Kunlin [1]

Core Viewpoint - The announcement indicates a significant change in the ownership structure of Yangdian Technology, with Sichuan Hantang Cloud Intelligence Technology Co., Ltd. acquiring a 9.04% stake, leading to a change in the controlling shareholder and actual controller of the company [1] Group 1 - Yangdian Technology received a notification from Sichuan Hantang Cloud Intelligence Technology Co., Ltd. regarding the acquisition of 17.8083 million shares from Zhao Henglong [1] - The share transfer was completed through an agreement, and the registration of the transfer has been processed by the China Securities Depository and Clearing Corporation [1] - Following this transaction, the controlling shareholder of Yangdian Technology has changed to Hantang Cloud Intelligence, and the actual controller is now Nie Kunlin [1]

Company Overview - Yangdian Technology (SZ 301012) announced the completion of the transfer of shares to Hantang Yunzhi, with the transfer date being November 13, 2025. Hantang Yunzhi now holds 17,808,280 shares, representing 9.04% of the total share capital and corresponding voting rights [1] - The company's controlling shareholder has changed from Cheng Junming to Hantang Yunzhi, with the actual controller changing from Cheng Junming to Nie Kunlin [1] Financial Performance - For the year 2024, Yangdian Technology's revenue composition is as follows: transformer business accounts for 70.42%, electromagnetic wire for 21.22%, other businesses for 8.23%, and electronic components for 0.12% [1] - As of the report date, Yangdian Technology has a market capitalization of 5.2 billion yuan [1]

Market Overview - The net outflow of main funds in the power equipment sector was 5.332 billion yuan, while retail investors saw a net inflow of 4.811 billion yuan on the same day [2][3] - The Shanghai Composite Index closed at 4000.14, down 0.07%, and the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - The power equipment sector experienced an overall decline of 2.67%, with Shunma Electric leading the drop at -10.00% [1][2] - Notable gainers included Hangzhou Colin (+10.67%), Yangdian Technology (+10.27%), and Moen Electric (+10.04%) [1] Trading Volume and Value - The trading volume for Hangzhou Colin was 57,600 lots, with a transaction value of 287 million yuan [1] - Shunma Electric had a trading volume of 189,300 lots and a transaction value of 906 million yuan [2] Fund Flow Analysis - Main funds showed a net inflow in stocks like Huaming Equipment (+3.01% net inflow) and a net outflow in stocks like Baobian Electric (-3.93% net outflow) [3] - Retail investors had a significant net inflow in stocks like Huaming Equipment and a net outflow in stocks like Yangdian Technology [3]

Core Viewpoint - The announcement reveals a significant share transfer agreement involving the major shareholders of Yangdian Technology, indicating a strategic shift in ownership and control [1] Share Transfer Details - Controlling shareholder Cheng Junming plans to transfer 25.52 million shares, representing 12.96% of the total share capital, to Sichuan Hantang Yunzhi Technology [1] - Shareholder Zhao Henglong intends to transfer 17.81 million shares, accounting for 9.04% of the total share capital, to the same company [1] - Cheng Junming has agreed to waive voting rights associated with 53.51 million shares, which is 27.17% of the total share capital [1] Compliance Confirmation - The Shenzhen Stock Exchange has completed compliance confirmation for the first phase of the share transfer materials [1]

Core Viewpoint - The company primarily produces energy-efficient transformers using amorphous and silicon steel, which are mainly applied in the infrastructure of the State Grid, new energy substations, and data centers [1] Group 1 - The company does not produce or sell solid-state transformers [1] - The company acknowledged a decline in gross margin and is likely exploring measures to improve it [1]

Core Viewpoint - Yangdian Technology (301012.SZ) reported a revenue of 971 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 8.74% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 34.68 million yuan, representing a year-on-year decrease of 35.30% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 32.70 million yuan, down 38.12% year-on-year [1] - Basic earnings per share stood at 0.1761 yuan [1]

江苏扬电科技股份有限公司 第三届董事会第三次会议决议公告 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。 证券代码：301012 证券简称： 扬电科技 公告编号：2025-048 详见同日刊登在中国证监会指定的创业板信息披露网站巨潮资 讯网（www.cninfo.com.cn）的《2025 年三季度报告》。 本议案经董事会审计委员会会议审议通过。 三、备查文件 1、江苏扬电科技股份有限公司第三届董事会第三次会议决议； 2、江苏扬电科技股份有限公司第三届董事会审计委员会第三次 会议决议 特此公告。 一、董事会会议召开情况 江苏扬电科技股份有限公司（以下简称"公司"）第三届董事会 第三次会议于 2025 年 10 月 24 日以现场结合通讯表决方式在江苏泰 州姜堰经济开发区天目路 690 号公司会议室召开。会议通知已于 2025 年 10 月 20 日以专人送达等《公司章程》认可的方式送达全体董事。 本次会议应出席董事 5 名，实际参与表决董事 5 名。公司高级管理人 员列席了会议。本次董事会由董事长王玉楹先生召集并主持。本次会 议的召开符合《公司法》和《公司章程 ...

Core Insights - The company reported a third-quarter revenue of 327 million, a decrease of 1.79% compared to the previous quarter [1] - Net profit for the third quarter was 13.09 million, down 1.32% [1] - For the first three quarters, total revenue reached 971 million, reflecting an increase of 8.74% year-on-year [1] - However, net profit for the first three quarters was 34.68 million, showing a significant decline of 35.30% [1] Financial Performance - Third-quarter revenue: 327 million, down 1.79% [1] - Third-quarter net profit: 13.09 million, down 1.32% [1] - Year-to-date revenue (first three quarters): 971 million, up 8.74% [1] - Year-to-date net profit (first three quarters): 34.68 million, down 35.30% [1]