证券代码：301120 证券简称：新特电气 公告编号：2026-007 电子邮箱：zhengquanban@xinhuadu.com.cn 新华都特种电气股份有限公司（以下简称"公司"或"新特电气"）董事会于近 日收到公司董事会秘书马晟先生提交的书面辞职报告，马晟先生因个人原因申请 辞去公司董事会秘书职务，其原定任期至 2026 年 8 月 4 日止，辞职报告自送达 董事会之日起生效。马晟先生辞职后仍在公司担任其他职务。 截至本公告披露日，马晟先生未持有公司股份，不存在应履行而未履行的承 诺事项。 为保证公司及公司董事会的相关工作顺利开展，根据《深圳证券交易所创业 板股票上市规则》等有关规定，公司在聘任新的董事会秘书之前，暂由公司董事 长谭勇先生代为履行董事会秘书职责，公司将按照相关规定尽快完成董事会秘书 的聘任工作。 谭勇先生代行董事会秘书职责期间的联系方式如下： 联系电话：010-85577061 传真号码：010-84782181 新华都特种电气股份有限公司 关于公司董事会秘书辞职的公告 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。 联系地址：北京市经 ...

Investment Rating - The investment rating for the power equipment and new energy industry is "Outperform the Market" (maintained) [2][11] Core Insights - The joint issuance of the "High-Quality Development Implementation Plan for Energy-Saving Equipment (2026-2028)" by four government departments emphasizes the promotion of large-capacity solid-state transformers and the enhancement of transformer efficiency in the new energy sector [3][4] - The policy indicates a shift from traditional energy-saving approaches to new power electronics, with a focus on adapting to high volatility and rapid response requirements in new energy applications [4][5] - Solid-state transformers are positioned as key facilities connecting the grid, energy storage, and load, with advantages in efficient energy conversion and flexible control [5] Summary by Sections Policy Developments - The plan aims for over 75% of newly added energy-saving transformers to be in place by 2028, with 15% of existing transformers meeting energy-saving standards [3][4] - The focus is on promoting advanced transformers such as environmentally friendly insulated oil transformers and flexible DC transformers [3][4] Market Opportunities - Solid-state transformers are expected to benefit from policy support and are likely to see application in wind power, photovoltaics, hydrogen energy, and new energy storage scenarios [3][4][6] - Companies to watch include Sifang Co., New Special Electric, Teradyne, Keli, Jinpan Technology, and Igor, as they are positioned to capitalize on these trends [6] Financial Projections - The report includes profit forecasts for relevant companies, with Sifang Co. projected to achieve a net profit of 1,005 million RMB by 2026, while New Special Electric is expected to recover from a loss to a profit of 100 million RMB [8]

Core Viewpoint - Hangzhou Reliable Nursing Products Co., Ltd. announced the removal of independent director Mr. Jing Naiquan due to loss of independence and failure to fulfill duties, which is a rare occurrence in A-share listed companies [1][5]. Group 1: Announcement Details - The company held a board meeting on February 12, 2026, where the resolution to remove Mr. Jing Naiquan was passed and will be submitted for shareholder approval [1][5]. - The announcement described the reasons for the removal as severe, indicating a significant breach of professional ethics and responsibilities [1][5]. Group 2: Background Information - Mr. Jing Naiquan has served as an independent director since January 21, 2024, and received an annual allowance of 76,000 yuan for the year 2025 [2][6]. - He was born in April 1962 and has held positions such as associate professor and master's supervisor at Zhejiang University, as well as deputy director of the Financial Investment Research Center at the same university [2][6].

Core Viewpoint - The stock price of Xinte Electric (301120.SZ) increased due to favorable industry policies, rising demand for AI computing power in the power grid equipment sector, and supportive financial and technical factors [1] Industry Policy Status - The power grid equipment sector is performing strongly, driven by the State Council's implementation opinions on the national unified electricity market system, which outlines goals for the next 5-10 years, including a target for market-based trading electricity to account for approximately 70% of total electricity consumption by 2030 [2] - The global surge in AI computing power has intensified the supply-demand tension for electrical equipment, with transformer exports from China reaching a total value of 64.6 billion yuan in 2025, marking a year-on-year increase of nearly 36%, providing significant overseas opportunities for domestic companies with complete industrial chains [2] Financial and Technical Aspects - Xinte Electric experienced a net inflow of 47.92 million yuan in main funds today, with a turnover rate of 24.83% and a trading volume of 1.194 billion yuan, indicating a significant increase in capital activity [3] - Technically, the stock price broke through the upper Bollinger Band (22.658 yuan), the MACD histogram turned positive (0.041), and the KDJ indicator is in a bullish arrangement, suggesting strong short-term momentum [3] - The company is developing solid-state transformer technology, which is well-aligned with the growth logic driven by AI computing power demand, and its products have obtained North American UL certification [3]

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the Shenzhen Component and ChiNext indices saw upward movements, with the Shanghai and Shenzhen markets recording a half-day trading volume of 1.33 trillion yuan, an increase of 30.7 billion yuan from the previous trading day [1] - Over 2,700 stocks in the market rose, with notable strength in the electric grid equipment sector, where companies like Suyuan Electric and Sifang Co. reached new highs [1] - The non-ferrous metals sector remained active, with Xianglu Tungsten and Zhangyuan Tungsten achieving consecutive gains [1][7] - The CPO concept stocks surged again, with Tianfu Communication rising over 10% to set a new historical high [1] - The gas turbine concept stocks exploded, with Yingliu Co. and Changbao Co. hitting the daily limit [1] Electric Grid Equipment Sector - The electric grid equipment sector showed strong performance, with stocks like Suyuan Electric, Sifang Co., Shun Sodium Co., and Senyuan Electric hitting the daily limit [1][12] - The sector's growth is supported by a significant increase in transformer exports, which reached a record value of 64.6 billion yuan in 2025, marking a nearly 36% increase from the previous year [2][3] Non-Ferrous Metals Sector - The non-ferrous metals sector saw a notable increase, with black tungsten concentrate prices rising by 25.19% to 671,000 yuan per ton, and ammonium paratungstate prices increasing by 24.68% to 985,000 yuan per ton [7][17] - The Producer Price Index (PPI) showed a positive growth of 0.4% month-on-month in January 2026, the highest growth rate since May 2022, indicating potential price increases in the non-ferrous, electronics, and chemical industries [7] Liquid Cooling and Computing Power Rental Sector - The liquid cooling concept stocks also performed well, with companies like Chuanrun Co., Bojie Co., and Yingwei Co. hitting the daily limit [3][10] - The computing power rental sector remained active, with stocks like Dazhi Technology achieving four consecutive gains, and UCloud announcing a price increase for all cloud products and services starting March 1, 2026, due to rising costs [6][20] Media and Entertainment Sector - The media and entertainment sector faced a collective decline, with companies like Huanrui Century and Hengdian Film experiencing significant drops [1] Summary - Overall, the market continued to show a mixed trend, with the ChiNext index gaining over 1%. Technology growth stocks, particularly in electric grid equipment, liquid cooling, gas turbines, and computing power rental, led the gains, while the media and consumer sectors faced adjustments [9]

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。 一、召开会议的基本情况 1. 会议召集人：新华都特种电气股份有限公司（以下简称"公司"）董事会 2. 会议召开方式：现场投票和网络投票相结合的表决方式 3. 会议召开时间： （1）现场会议召开时间：2026 年 2 月 6 日下午 14:30 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系统 进行网络投票的具体时间为：2026 年 2 月 6 日 9:15—9：25，9：30—11:30 和 13:00—15:00。 证券代码：301120 证券简称：新特电气 公告编号：2026-006 新华都特种电气股份有限公司 2026 年第一次临时股东会决议公告 通过互联网投票系统进行网络投票的具体时间为：2026 年 2 月 6 日 9:15—15:00 期间的任意时间。 4. 现场会议地点：北京市亦庄经济技术开发区融兴北三街 50 号。 5. 现场会议主持人：董事长谭勇先生 6. 会议召开的合法、合规性：本次股东会的召集及召开符合《公司法》《深 圳证券交易所创业板股票上市规则》《上市公司股东会规则》 ...

关于新华都特种电气股份有限公司 2026 年第一次临时股东会的 法律意见书 中国·北京 朝阳区建外大街甲 14 号广播大厦 5 层、9 层、10 层、13 层、17 层 邮政编码：100022 电话(Tel)：86-10-65219696 传真(Fax)：86-10-88381869 北京海润天睿律师事务所 二〇二六年二月 见证意见 北京海润天睿律师事务所 关于新华都特种电气股份有限公司 2026 年第一次临时股东会的法律意见书 致：新华都特种电气股份有限公司 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和 国证券法》（以下简称《证券法》）《上市公司股东会规则》及《新华都特种电 气股份有限公司章程》（以下简称《公司章程》）的规定，北京海润天睿律师事 务所接受新华都特种电气股份有限公司（以下简称公司）的委托，指派律师出席 并见证公司于 2026 年 2 月 6 日召开的 2026 年第一次临时股东会。 本法律意见书仅就本次股东会的召集和召开程序、会议召集人和出席人员资 格、会议表决程序和表决结果的合法有效性发表意见，并不对股东会所审议的议 案内容和该等议案中所表述的事实和数据的真实性和准确性 ...

Market Overview - A-shares showed resilience against external market pressures, with major indices recovering after a low opening, resulting in the Shanghai Composite Index rising by 4.40 points (0.11%) to 4080.31 points, the Shenzhen Component Index increasing by 90.46 points (0.65%) to 14043.17 points, and the ChiNext Index up by 21.17 points (0.65%) to 3281.45 points [1] Sector Performance - The chemical sector saw strong performance, with stocks like Cangzhou Dahua, Jinniu Chemical, Baichuan Co., and Baihehua hitting the daily limit [1] - The humanoid robot concept stocks were active, with companies such as Wuzhou Xinchun, Liancheng Precision, and Tianqi Co. also reaching the daily limit [1] - The non-ferrous metals sector showed signs of recovery, with Hunan Gold and Xianglu Tungsten hitting the daily limit [1] - The traditional Chinese medicine sector opened strong, with stocks like Te Yi Pharmaceutical reaching the daily limit [1] Policy Support - The Chinese government, through the Ministry of Industry and Information Technology and other departments, issued a development plan for the traditional Chinese medicine industry, aiming for a collaborative development system by 2030, which is expected to boost the sector's growth [2] Price Dynamics - The price of disperse dyes surged due to a significant increase in the cost of upstream key intermediates, rising from 25,000 yuan/ton to 38,000 yuan/ton, a more than 50% increase, which is expected to drive up prices in the textile dyeing industry as demand increases post-Spring Festival [3] Market Challenges - The liquor sector faced downward pressure, with stocks like Huangtai Liquor hitting the daily limit down, attributed to a decline in demand following the consumption peak around the Spring Festival and increased competition leading to price cuts [4] - AI application stocks experienced declines, with companies like Yaowang Technology and Zhejiang Wenhu falling to the daily limit due to concerns over technology maturity and unclear business models [5] - The optical module and CPO sectors continued to adjust, with stocks like Yuanjie Technology and Xinyisheng dropping over 6% as market expectations normalized [6] Institutional Insights - Zhongjin Securities noted that despite external pressures, there are no typical bull market top signals in Chinese stocks, with ample liquidity and improving earnings, suggesting a continued positive outlook for Chinese asset revaluation [7] - Tianfeng Securities highlighted the fragility of market sentiment, indicating that any news could trigger short-term sell-offs, particularly in the gold market [7] - Huachuang Securities observed a strong recovery in consumer markets expected for the 2026 Spring Festival, driven by government-led consumption initiatives, suggesting potential growth in sectors like dining, tourism, and retail [7]

Group 1 - The company is closely monitoring national investment policies and industry developments to optimize its business layout [1] - The company is expanding its product applications in energy storage and renewable energy sectors [1] - The company is accelerating digital and intelligent upgrades to support future industry investment opportunities [1]

Market Overview - The grid equipment sector increased by 1.97% compared to the previous trading day, with YN Power leading the gains [1] - The Shanghai Composite Index closed at 4015.75, down by 2.48%, while the Shenzhen Component Index closed at 13824.35, down by 2.69% [1] Top Performers in Grid Equipment Sector - YN Power (Code: 920046) closed at 29.15, up by 21.97% with a trading volume of 210,900 shares and a transaction value of 596 million [1] - Tongguang Cable (Code: 300265) closed at 15.66, up by 20.00% with a trading volume of 1,020,800 shares and a transaction value of 1.503 billion [1] - Shuangjie Electric (Code: 300444) closed at 15.12, up by 16.58% with a trading volume of 1,674,400 shares and a transaction value of 2.477 billion [1] Other Notable Performers - Ankao Smart Electric (Code: 300617) closed at 46.20, up by 14.02% with a trading volume of 238,300 shares and a transaction value of 1.108 billion [1] - Hongxiang Co. (Code: 300427) closed at 15.54, up by 11.96% with a trading volume of 1,267,500 shares and a transaction value of 1.943 billion [1] - New Special Electric (Code: 301120) closed at 20.88, up by 10.89% with a trading volume of 510,600 shares and a transaction value of 1.074 billion [1] Market Capital Flow - The grid equipment sector saw a net inflow of 5.634 billion in main funds, while retail funds experienced a net outflow of 4.184 billion [2][3] - The main funds' net inflow and retail funds' net outflow indicate a shift in investor sentiment towards institutional buying [2][3] Individual Stock Fund Flows - Zhongchao Holdings (Code: 002471) had a main fund net inflow of 14.35 million, with a retail net outflow of 7.69 million [3] - Shuangjie Electric (Code: 300444) experienced a main fund net inflow of 5.98 million, while retail funds saw a net outflow of 2.91 million [3] - Baobian Electric (Code: 600550) had a main fund net inflow of 5.45 million, with a retail net outflow of 2.56 million [3]