Group 1 - The core viewpoint of the news is that Nenghui Technology's stock has increased by 5.63%, reaching a price of 30.20 CNY per share, with a trading volume of 1.08 billion CNY and a turnover rate of 3.30%, resulting in a total market capitalization of 45.99 billion CNY [1] - Nenghui Technology, established on February 24, 2009, and listed on August 17, 2021, specializes in one-stop services for photovoltaic power station design, system integration, and investment operation [1] - The main revenue composition of Nenghui Technology includes 96.43% from photovoltaic power station system integration, 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) has newly entered the list in the third quarter, holding 671,900 shares, which accounts for 0.59% of the circulating shares, with an estimated floating profit of approximately 1.08 million CNY [2] - The Puyin Ansheng Growth Power Mixed A Fund was established on March 12, 2015, with a latest scale of 646 million CNY, and has achieved a year-to-date return of 10.09%, ranking 5508 out of 8130 in its category [2] - The fund manager of Puyin Ansheng Growth Power Mixed A is Song Shiyi, who has been in the position for 1 year and 260 days, with the fund's total asset scale at 1.092 billion CNY, achieving a best return of 59.36% and a worst return of -3.24% during the tenure [3]

Core Points - Nenghui Technology announced that senior management personnel, Mr. Luo Lianming, has not implemented his share reduction plan by the deadline of November 26, 2025 [1] Summary by Category - **Company Announcement** - Nenghui Technology received a notice from Mr. Luo Lianming regarding the expiration of his share reduction plan, which remains unexecuted as of the deadline [1]

能辉科技公告，高级管理人员罗联明原计划自2025年8月5日披露之日起十五个交易日后的三个月内，通 过集中竞价减持2万股，占公司总股本0.01%；截至2025年11月26日，减持期限届满，未减持股份，持 股仍为17.5万股，占0.11%。 ...

| 证券代码：301046 | 证券简称：能辉科技 | 公告编号：2025-082 | | --- | --- | --- | | 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 关于高级管理人员股份减持计划期限届满未实施减持的 公告 高级管理人员罗联明先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 上海能辉科技股份有限公司（以下简称"公司"）于2025年8月5日在巨潮资 讯网（www.cninfo.com.cn）披露了《关于高级管理人员减持股份预披露的公告》 （公告编号：2025-059）。公司高级管理人员罗联明先生因自身资金需求，计划 自本次减持计划预披露公告披露之日起十五个交易日后的三个月内以集中竞价 方式减持本公司股份2万股（占公司总股本比例的0.01%）。 本次减持计划期限内，罗联明先生未实施减持，其所持公司股份数量未发生 变化。 | 股东名 | 股份性质 | 本次减持计划前持有股份 | 占公司总股 | 本次减持计划后持有股份 | 占公司总股 | | --- ...

Core Points - The company announced that its stock price has been above 130% of the current conversion price for 10 consecutive trading days, which may trigger the conditional redemption clause of the "Nenghui Convertible Bonds" [2] - If the stock price continues to remain above this threshold, the company's board may decide to redeem all or part of the unconverted "Nenghui Convertible Bonds" at face value plus accrued interest [2] Summary by Sections - **Stock Performance**: The stock price has been consistently above 28.80 yuan per share, which is 130% of the conversion price of 22.15 yuan per share [2] - **Redemption Clause**: The conditional redemption clause allows the company to redeem the bonds if the stock price criteria are met, as outlined in the bond issuance prospectus [2] - **Investor Advisory**: Investors are advised to understand the terms of the conditional redemption and to pay attention to future announcements from the company [2]

| 证券代码：301046 | 证券简称：能辉科技 | 公告编号：2025-081 | | --- | --- | --- | | 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 关于能辉转债预计触发赎回条件的提示性公告 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： 上海能辉科技股份有限公司（以下简称"公司"）股票价格自2025年11月10 日至2025年11月24日已有10个交易日的收盘价不低于当期转股价格（即22.15元/ 股）的130%（即28.80元/股）。如后续公司股票收盘价格继续不低于当期转股 价的130%，预计将可能触发"能辉转债"有条件赎回条款。根据《上海能辉科技 股份有限公司创业板向不特定对象发行可转换公司债券募集说明书》（以下简 称"《募集说明书》"）中有条件赎回条款的相关规定，届时公司董事会有权决 定按照债券面值加当期应计利息的价格赎回全部或部分未转股的"能辉转债"。 敬请广大投资者详细了解可转换公司债券有条件赎回的相关约定，并关注公司 后续公告，注意投资风险。 一、可转换公司债券基本情况 ...

Core Insights - A new company, Tongling Lvhui Technology Co., Ltd., has been established with a registered capital of 20 million yuan, focusing on various services including electric vehicle charging sales and infrastructure operations [1] Group 1: Company Overview - The newly formed company is co-owned by Nenghui Technology (301046) and others, indicating a collaborative effort in the electric vehicle sector [1] - The business scope includes energy storage technology services, sales of photovoltaic equipment and components, leasing of photovoltaic power generation equipment, and energy management contracts [1] Group 2: Industry Implications - The establishment of this company highlights the growing focus on electric vehicle charging infrastructure and renewable energy solutions within the industry [1] - The inclusion of electric vehicle charging sales in the business model suggests a strategic move to capitalize on the increasing demand for electric vehicles and related services [1]

Core Insights - Recently, Tongling Lvhui Technology Co., Ltd. was established with a registered capital of 20 million yuan [1] - The company's business scope includes energy storage technology services, sales of photovoltaic equipment and components, leasing of photovoltaic power generation equipment, contract energy management, sales of motor vehicle charging, and operation of electric vehicle charging infrastructure [1] - The company is jointly held by Nenghui Technology (301046) and others [1]

Group 1: Industry Highlights - The domestic first large-capacity all-solid-state battery production line has been completed and is currently in small-batch testing, with reports indicating that it will be installed in vehicles by 2027, making 1000 km range for electric vehicles a possibility [4] - The Federal Reserve is managing interest rate cut expectations, with two officials calming the market after a significant drop, indicating a 69% probability of a rate cut in December, leading to a rebound in US stocks [5] - The lithium carbonate futures price has surged recently, prompting CATL to plan the earliest restart of an important lithium mine in Yichun next month, with significant gains in related market concept stocks [5] Group 2: Company Developments - Baillie Tianheng's self-developed dual-antibody ADC drug, iza-bren, has had its market application accepted, aimed at treating locally advanced or metastatic nasopharyngeal carcinoma [7] - Huawei has released Flex:ai AI container software, which utilizes computing power slicing technology to divide a single GPU/NPU computing power card into multiple virtual computing units, enabling simultaneous support for multiple AI workloads [8] - Longxin Storage has launched DDR5 and LPDDR5X memory products, with both product series reportedly ranking at the top tier in terms of speed and capacity in the industry [8] - JinkoSolar's Tiger 3 modules have officially entered mass production, with global orders reaching 15 GW [8] - Chang'an Automobile plans to gradually release prototype vehicles starting next year and will launch its first vehicle-mounted component robot in the first quarter of next year [8] - The company Nenghui Technology signed a contract with Company X for a total estimated price of 10 million yuan for new energy power battery assembly [8] - Guotai Microelectronics' major shareholder and its concerted actors plan to reduce their holdings by no more than 2.24% [8]

Group 1: MSCI Index Adjustment - MSCI announced the results of the index review for November 2025, with adjustments effective after the market close on November 24, 2025, including the addition of 26 Chinese stocks and the removal of 20 stocks [1] Group 2: Personal Pension Products - The Ministry of Finance and the People's Bank of China announced that electronic savings bonds will be included in the personal pension product range to support the development of a multi-tiered pension insurance system [2] Group 3: Hard Technology Funds - Sixteen hard technology-themed funds were approved on the same day, including seven AI ETFs, three chip ETFs, four chip design ETFs, and two actively managed technology funds, involving multiple fund management companies [3] Group 4: Solid-State Battery Production - The first large-capacity all-solid-state battery production line in China has been completed, capable of mass production of automotive-grade solid-state batteries with energy density nearly double that of existing batteries, aiming for small batch vehicle testing by 2026 [4] Group 5: Upcoming Financial Reports - Alibaba and Meituan are set to release their financial reports on November 25 and November 28, respectively, along with reports from leading electric vehicle companies Li Auto and NIO [5] Group 6: Huawei Product Launch - Huawei will hold a product launch event on November 25, introducing the Mate 80 series and other new products, potentially featuring the new Kirin 9030 chip [6] Group 7: Federal Reserve Economic Report - The Federal Reserve will release its Beige Book this week, with expectations of interest rate decisions from the New Zealand and South Korean central banks, and the European Central Bank will publish the minutes from its October monetary policy meeting [7] Group 8: Company Announcements - Shanshi Network Technology expects to achieve large-scale sales of its new generation security products equipped with ASIC chips by Q1 2026 [9] - Zhongjin Lingnan plans to acquire a 6.7784% stake in Zhongjin Copper and a 10.3333% stake in Zhongjin Rongsheng for a total of 742 million yuan [10] - Jinfeng Technology is planning to acquire at least 51% of Guangdong Lanyuan Technology to enhance its growth and profitability [11] - Nenghui Technology signed a contract for a new energy power battery assembly with an estimated total price of 100 million yuan [12] - JinkoSolar announced the mass production of its Tiger Neo 3.0 module, achieving a production efficiency of over 24.8% and a total order of 15GW [13] - Qingmu Technology's subsidiary plans to acquire control of Vitalis to strengthen its position in the health supplement market [15] - Jiahua Technology is planning to acquire a controlling stake in Shudun Technology, with stock suspension starting November 24, 2025 [16] Group 9: Market Insights - According to Zhao Shang Securities, the market remains cautious due to weak trading signals and mixed fundamental indicators, maintaining a wait-and-see approach [19] - CITIC Securities notes the market is in a "three-phase overlap" and suggests waiting for key economic meetings in December before making significant moves [20]