Group 1 - Weiming Environmental has been selected as a supplier for Indonesia's environmentally friendly waste-to-energy project [1] - Great Wall Motors reported a 22.5% year-on-year increase in October vehicle sales, totaling 143,100 units [1] - Jingye Intelligent won a bid for a process equipment project worth 134 million yuan [1][2] Group 2 - Tianmo Technology's shareholder plans to reduce its stake by up to 3% of the company's total shares [3] - ST Yifei signed a procurement order worth approximately 190 million yuan, accounting for 27.46% of its audited revenue for 2024 [4] - Lanjian Intelligent signed a daily operational contract worth 138 million yuan [5] Group 3 - Rongqi Technology's shareholder plans to reduce its stake by up to 1.32% of the company's total shares [6] - Huafeng Measurement Control's controlling shareholder plans to reduce its stake by up to 2% of the company's total shares [7] - Jinli Permanent Magnet's directors and executives plan to reduce their holdings by up to 0.15% of the company's total shares [9] Group 4 - Seres reported a 42.89% year-on-year increase in October sales of new energy vehicles, totaling 51,456 units [10] - Betta Pharmaceutical entered into a strategic cooperation with Shengsi Bio, enhancing its product matrix [11] - Nenghui Technology established a joint venture with Zhejiang Lisan to capitalize on opportunities in the "computing power + new energy" sector [12] Group 5 - Taotao Vehicle submitted an application for H-share listing on the Hong Kong Stock Exchange [13] - BYD's October sales of new energy vehicles reached 441,700 units, a decrease of approximately 12.13% year-on-year [14] - Daye Intelligent's subsidiary signed a charter contract for two vessels, with total expected rental income of approximately 48.73 million USD [15] Group 6 - Changan Automobile reported a 36.14% year-on-year increase in October sales of new energy vehicles, totaling 119,200 units [16] - Vanke A signed a framework agreement for a loan of up to 22 billion yuan from its major shareholder [18] - BAIC Blue Valley's subsidiary reported a 112.02% year-on-year increase in October vehicle sales, totaling 30,542 units [20] Group 7 - Yongzhen Co. announced plans for shareholders to reduce their stake by up to 3% of the company's total shares [21]

Core Insights - Zhejiang Nenghui Lishuan Technology Co., Ltd. has been established with a registered capital of 10 million yuan, focusing on artificial intelligence application system integration services and related technologies [1][2]. Company Information - The company was founded on October 29, 2025, and is currently in a state of existence [2]. - The legal representative is Zhang Jianding, and the company is registered in Hangzhou, Zhejiang Province [2]. - The business scope includes digital technology services, big data services, artificial intelligence application software development, and cloud computing equipment sales [2]. Ownership Structure - Nenghui Technology (301046) holds a 91% stake in the newly established company [1][2].

Financing and Strategic Partnerships - Vanke A has signed a framework agreement with its largest shareholder, Shenzhen Metro Group, to provide a loan limit of up to 22 billion yuan [3] - Betta Pharmaceuticals has reached a strategic cooperation with Shengsi Biotech, obtaining exclusive distribution rights for a long-acting recombinant factor VIII product in Greater China [4] - Nenghui Technology has established a joint venture with Zhejiang Lisan, investing 10 million yuan to capitalize on opportunities in the "computing power + AI" and "computing power + new energy" sectors [6] Market Performance - Seres reported a total vehicle sales of 54,384 units in October 2025, with new energy vehicle sales reaching 51,456 units, marking a year-on-year increase of 42.89% [9] - BAIC Blue Valley's subsidiary achieved a 112.02% year-on-year increase in sales for October 2025, totaling 30,542 units [10] - Changan Automobile's new energy vehicle sales grew by 36.14% year-on-year in October 2025, with total sales of 278,400 units for the month [12] - Great Wall Motors reported October sales of 143,100 units, reflecting a year-on-year increase of 22.5% [13] - BYD exported a total of 83,904 new energy vehicles in October 2025, with a total battery installation capacity of approximately 27.362 GWh for the month [14] Shareholding Changes - Jintai Technology's shareholder, Gaoxin Investment, plans to reduce its stake by up to 3% through various trading methods [16] - Yongzhen Co., Ltd. announced that two shareholders intend to reduce their holdings by up to 3% [17] - Huafeng Measurement Control's controlling shareholder plans to reduce its stake by up to 2% [18] - Rongqi Technology's employee strategic placement asset management plan intends to reduce its holdings by up to 1.32% [19] - Jinli Permanent Magnet's directors and senior management plan to collectively reduce their holdings by up to 0.15% [20] Major Contracts - ST Yifei signed an overseas procurement order worth approximately 190 million yuan, accounting for 27.46% of its audited revenue for 2024 [21] - Lanjian Intelligent signed a daily operational contract worth 138 million yuan [22] - Jingye Intelligent won a bid for a process equipment project valued at 134 million yuan [23] - Daye Intelligent's subsidiary signed a bareboat charter contract for two vessels, with total rental income projected at approximately 48.73 million USD over 1,095 days [24]

Company Announcements - Vanke A signed a framework agreement with Shenzhen Metro Group for a loan limit of up to 22 billion yuan, with a total expected loan principal and interest not exceeding 23.691 billion yuan [1] - Seres reported a 42.89% year-on-year increase in October new energy vehicle sales, totaling 51,456 units [2] - BYD's new energy vehicle sales for the first ten months increased by 13.88% year-on-year, with October sales reaching 441,706 units [2] - SAIC Group's new energy vehicle sales in October grew by 31.58%, totaling 206,700 units [2] - Beida Pharmaceutical entered a strategic cooperation with Shengsi Bio, obtaining exclusive distribution rights for a recombinant coagulation factor product [3] Shareholding Changes - Tianmo Technology's shareholder plans to reduce holdings by up to 3% of the company's shares [4] - Jinyi Permanent Magnet's directors and executives plan to collectively reduce their holdings by up to 0.15% of the company's shares [5] - Yongzhen Co., Ltd. shareholders plan to reduce holdings by up to 3% of the company's shares due to personal funding needs [6] Performance & Sales - BAIC Blue Valley's subsidiary reported a 112.02% year-on-year increase in October sales [9] - Changan Automobile's new energy vehicle sales in October increased by 36.14% year-on-year [7] - Great Wall Motors reported a 22.5% year-on-year increase in October vehicle sales [8] Contracts & Projects - Daye Intelligent plans to sign a charter contract with OOS for two vessels, with total rental income estimated at approximately 48.73 million USD [10] - Lanjian Intelligent signed a significant operating contract worth 138 million yuan, expected to positively impact the company's 2026 performance [11] - ST Yifei signed an overseas procurement order worth approximately 190 million yuan, which is expected to positively influence future performance [13] - Jingye Intelligent received a bid notification for a project worth 134.4 million yuan, which could positively impact performance if the contract is signed [14] Other Developments - Weiming Environmental was selected as a supplier for an energy-from-waste project in Indonesia, indicating recognition of its financial and technical capabilities [15] - Nenghui Technology established a joint venture with Zhejiang Lisan Technology, with a registered capital of 10 million yuan [16]

Core Viewpoint - The company is optimistic about the long-term development of "computing power + AI" and aims to seize opportunities in "computing power + new energy" through strategic transformation [1] Investment and Partnership - The company has jointly invested RMB 10 million with Zhejiang Lisan Technology Co., Ltd. to establish a holding subsidiary, Zhejiang Nenghui Lisan Technology Co., Ltd., with the company holding a 51% stake [1] - The investment structure includes a registered capital of RMB 5.1 million contributed by the company [1] Strategic Focus - Zhejiang Lisan is an AI computing power operator specializing in integrated services in the "AIDC + MEC" field, leveraging its core team's expertise in industrial digitalization and AI cloud computing [1] - The company's strengths in "distributed energy + energy storage" solutions can meet the energy needs of small and medium-sized AIDC and MEC applications [1] Synergy and Competitive Advantage - The establishment of the joint venture is expected to leverage both parties' technological and resource advantages in the new energy and computing power sectors, promoting collaborative development [1] - This move aligns with the company's strategic transformation needs and is anticipated to enhance its core competitiveness positively [1]

Core Viewpoint - The company is optimistic about the long-term development of "computing power + AI" and aims to seize opportunities in "computing power + new energy" through strategic transformation [1] Investment and Partnership - The company has jointly invested RMB 10 million with Zhejiang Lisan Technology Co., Ltd. to establish a holding subsidiary, Zhejiang Nenghui Lisan Technology Co., Ltd., with the company holding a 51% stake [1] - The investment structure includes a registered capital of RMB 5.1 million contributed by the company [1] Strategic Alignment - Zhejiang Lisan is an AI computing power operator specializing in integrated services in the "AIDC + MEC" field, possessing a complete knowledge property and business system [1] - The company's expertise in "distributed energy + energy storage" solutions is expected to meet the energy needs of small and medium-sized AIDC and MEC [1] - The establishment of the joint venture is anticipated to leverage both parties' technological and resource advantages in the new energy and computing power sectors, promoting synergistic development and enhancing the company's core competitiveness [1]

| 证券代码：301046 | 证券简称：能辉科技 | 公告编号：2025-075 | | --- | --- | --- | | 债券代码：123185 | 债券简称：能辉转债 | | 上海能辉科技股份有限公司 关于对外投资成立控股子公司的公告 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： 一、对外投资概述 基于看好"算力+AI"的长远发展，把握"算力+新能源"的发展机遇，推 动公司战略转型，近日，上海能辉科技股份有限公司（以下简称"公司"）与浙 江立算技术有限公司（以下简称"浙江立算"）以货币方式共同出资人民币1,000 万元，成立了控股子公司浙江能辉立算科技有限公司（以下简称"控股子公司" 或"合资公司"），其中，公司认缴注册资本510万元，持股比例51%。 根据《深圳证券交易所创业板股票上市规则》《公司章程》等相关规定，本 次对外投资事项无需提交公司董事会和股东大会审议。 法定代表人：洪桢杰 注册资本：10,000万元 经营范围：一般项目：技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广；大数据服务；数据处理和存储支持服务；互 ...

Core Viewpoint - The company is optimistic about the long-term development of "computing power + AI" and aims to seize opportunities in "computing power + new energy" through strategic transformation [1] Group 1: Investment and Partnership - The company announced the establishment of a joint venture, Zhejiang Nenghui Lishan Technology Co., Ltd., with Zhejiang Lishan Technology Co., Ltd., with a total investment of 10 million yuan [1] - The company holds a 51% stake in the joint venture, contributing 5.1 million yuan to the registered capital [1] - This investment is expected to leverage the technological and resource advantages of both parties in the fields of new energy and computing power, facilitating collaborative development [1]

Market Overview - The professional engineering sector experienced a decline of 0.48% on October 30, with Nenghui Technology leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Shikong Technology (605178) with a closing price of 63.48, up 10.00% [1] - Jinggong Steel Structure (600496) with a closing price of 4.31, up 2.86% [1] - Significant decliners included: - Nenghui Branch (301046) with a closing price of 24.79, down 4.03% [2] - Shenghui Integration (603163) with a closing price of 46.95, down 3.91% [2] Capital Flow - The professional engineering sector saw a net outflow of 233 million yuan from main funds, while retail investors contributed a net inflow of 227 million yuan [2] - The main funds' net inflow for Shikong Technology was 47.57 million yuan, while retail investors had a net outflow of 13.62 million yuan [3] Detailed Stock Data - The following stocks had notable capital flows: - Shikong Technology: Main funds net inflow of 47.57 million yuan, retail net outflow of 13.62 million yuan [3] - Jinggong Steel Structure: Main funds net inflow of 18.27 million yuan, retail net outflow of 22.38 million yuan [3] - Other stocks with significant movements included: - Nenghui Branch: Main funds net inflow of 9.08 million yuan, retail net outflow of 12.42 million yuan [3] - Zhongcai International (600970): Main funds net inflow of 8.82 million yuan, retail net outflow of 3.11 million yuan [3]

Group 1 - The core point of the news is that Nenghui Technology's stock price dropped by 5.03% to 24.53 CNY per share, with a total market capitalization of 3.736 billion CNY as of the report date [1] - Nenghui Technology, established on February 24, 2009, specializes in photovoltaic power station design, system integration, and investment operation services, with 96.43% of its main business revenue coming from system integration [1] - The company's revenue breakdown includes: 3.21% from power station operation, 0.21% from new energy and power engineering design, 0.13% from energy storage system integration, and 0.02% from other businesses [1] Group 2 - Among the top ten circulating shareholders of Nenghui Technology, the Puyin Ansheng Growth Power Mixed A Fund (519170) entered the list in the third quarter, holding 671,900 shares, which is 0.59% of the circulating shares [2] - The Puyin Ansheng Growth Power Mixed A Fund has a current scale of 646 million CNY and has achieved a year-to-date return of 16.81% [2] - The fund's performance over the past year shows a return of 12.52%, with a cumulative loss of 4.72% since its inception on March 12, 2015 [2]