Group 1 - The core viewpoint of the news is that Xinhua Special Electric Co., Ltd. has seen a stock price increase of 5.4%, reaching 14.45 yuan per share, with a total market capitalization of 5.367 billion yuan [1] - The company specializes in the research, production, and sales of various special transformers and reactors, with its main business revenue composition being 77.75% from transformers, 19.04% from other income, 2.34% from reactors, and 0.87% from supplementary sources [1] - As of the latest data, the trading volume for the company was 146 million yuan, with a turnover rate of 4.74% [1] Group 2 - Among the top ten circulating shareholders of Xinhua Special Electric, the FuGuo Fund holds a position, having reduced its holdings by 772,600 shares, now owning 2.0274 million shares, which is 0.93% of the circulating shares [2] - The FuGuo Optimized Enhanced Bond C fund has achieved a year-to-date return of 19.16%, ranking 58 out of 6224 in its category, and a one-year return of 44.35%, ranking 22 out of 5898 [2] - The fund manager, Liu Xingwang, has a total fund asset scale of 15.304 billion yuan, with the best fund return during his tenure being 55.8% [3]

Group 1: Solid-State Battery Industry - The solid-state battery industrialization is progressing with support from policies, material advancements, and application developments. Key companies to watch include Xiamen Tungsten, Tianqi Lithium, and others in the supply chain [2][3] - Major developments include the mass production of semi-solid batteries by Zhuhai Guanyu and the upcoming solid-state battery projects by Yiyuan Lithium Energy and others [2] Group 2: Domestic Energy Storage Systems - The domestic energy storage system bidding capacity reached 47.2 GWh in August 2025, reflecting a year-on-year increase of 2158% and a month-on-month increase of 1142%. Cumulative bidding for the year reached 144.1 GWh, up approximately 216% year-on-year [3] - The high demand for energy storage systems indicates a strong need for new power systems in China, laying a foundation for stable market development in 2026-2027. Key companies include Sungrow Power, Yiyuan Lithium Energy, and others [3] Group 3: AIDC Power Equipment Sector - AIDC power equipment companies are expected to benefit from increased capital expenditures, with Alibaba reporting a capital expenditure of 38.7 billion yuan in Q2 2025, up 220% year-on-year [3][32] - The demand for data center construction remains strong, and companies like Jinpan Technology and New Special Electric are positioned to gain from this trend [3][32] Group 4: Power Grid Equipment Sector - Power grid equipment companies are experiencing steady growth, with major firms maintaining robust performance in the first half of 2025. A surge in high-voltage bidding is anticipated in the second half of the year [4][42] - Key companies to focus on include Guodian NARI, Siyi Electric, and others, as they expand their product offerings and international presence [4][42] Group 5: Wind Power Sector - Wind power companies are seeing simultaneous increases in volume and profit, with significant growth in both onshore and offshore projects expected in the latter half of 2025 [4][59] - Companies like Goldwind Technology and Dongfang Cable are recommended for investment as they are well-positioned to benefit from this growth [4][59] Group 6: Investment Recommendations - The report suggests monitoring the recovery of the power grid equipment sector, the progress of offshore wind projects, the advancement of solid-state battery industrialization, and the global demand for energy storage installations [4]

Core Viewpoint - The company, New Special Electric, announced the convening of its third extraordinary general meeting of shareholders for 2025 on September 9, 2025, where multiple proposals, including the amendment proposal, were approved [2] Group 1 - The extraordinary general meeting was held on September 9, 2025 [2] - The meeting included the review and approval of several proposals [2]

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 2025 年第三次临时股东会的 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 二〇二五年九月 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 2025 年第三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》《中华人民共和国证券法》《上市公司股东 会规则》以及《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 2025 年 9 月 9 日召开的 2025 年第三 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发表意见。 本所及经办律师依据《中华人民共和 ...

证券代码：301120 证券简称：新特电气 公告编号：2025-057 新华都特种电气股份有限公司 2025 年第三次临时股东会决议公告 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。 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：2025 年 9 月 9 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：2025 年 9 月 9 日 9:15—9:25，9:30—11:30 和 13:00—15:00。 通过互联网投票系统进行网络投票的具体时间为：2025 年 9 月 9 日 9:15—15:00 期间的任意时间。 4. 现场会议地点：北京市北京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 ...

Group 1 - The core point of the news is that Xinhua Special Electric Co., Ltd. experienced a stock decline of 5.06% on September 4, with a current share price of 13.69 yuan and a total market capitalization of 5.085 billion yuan [1] - The company specializes in the research, production, and sales of various special transformers and reactors, with its main business revenue composition being 77.75% from transformers, 19.04% from other income, 2.34% from reactors, and 0.87% from supplementary sources [1] Group 2 - Among the top ten circulating shareholders of Xinhua Special Electric, the fund "Fuguo Optimized Enhanced Bond C" reduced its holdings by 772,600 shares, now holding 2.0274 million shares, which accounts for 0.93% of the circulating shares [2] - The fund has a total scale of 553 million yuan and has achieved a year-to-date return of 19.22%, ranking 50 out of 6227 in its category [2]

Group 1 - The stock of New Special Electric increased by 1.84%, closing at 14.42 yuan, with two block trades totaling 314,000 shares and a transaction amount of 4 million yuan [1] - The first transaction occurred at a price of 12.74 yuan for 157,000 shares, amounting to 2 million yuan, with a premium rate of -11.65% [1] - The second transaction also occurred at a price of 12.74 yuan for 157,000 shares, amounting to 2 million yuan, with the same premium rate of -11.65% [1] Group 2 - In the last three months, the stock has recorded two block trades with a total transaction amount of 4 million yuan [1] - Over the past five trading days, the stock has declined by 3.03%, with a total net outflow of 57.6453 million yuan from major funds [1]

Summary of Key Points Core Viewpoint - On September 3, 2025, Xinte Electric conducted a block trade of 314,000 shares, with a transaction value of 4,000,400 yuan, representing 1.83% of the total trading volume for the day. The transaction price was 12.74 yuan, which is an 11.65% discount compared to the market closing price of 14.42 yuan [1]. Group 1 - The block trade involved a total of 314,000 shares of Xinte Electric [1]. - The transaction value was 4,000,400 yuan [1]. - The transaction price of 12.74 yuan reflects an 11.65% discount from the market closing price [1]. Group 2 - The trading volume for the block trade was 15.70 million shares [2]. - The buyer's brokerage firms included Huatai Securities and Yuekai Securities [2]. - The seller's brokerage firm was CITIC Construction Investment Securities [2].

Market Overview - The grid equipment sector experienced a decline of 0.71% on the previous trading day, with Yada Co. leading the losses [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable gainers in the grid equipment sector included: - Zhengtai Electric: closed at 28.20, up 3.94% with a trading volume of 496,400 shares and a turnover of 1.383 billion yuan [1] - Yangdian Technology: closed at 21.46, up 3.37% with a trading volume of 107,100 shares and a turnover of 229 million yuan [1] - Kelun Electronics: closed at 6.78, up 3.04% with a trading volume of 783,900 shares and a turnover of 530 million yuan [1] - Conversely, Yada Co. saw a significant drop, closing at 12.58, down 10.08% with a trading volume of 168,800 shares and a turnover of 220 million yuan [2] Capital Flow - The grid equipment sector saw a net outflow of 731 million yuan from institutional investors, while retail investors contributed a net inflow of 510 million yuan [2] - Specific stock capital flows indicated: - Kelun Electronics had a net inflow of 70.19 million yuan from institutional investors, but a net outflow of 715 million yuan from retail investors [3] - Zhengtai Electric experienced a net inflow of 30.33 million yuan from institutional investors and a net inflow of 76.53 million yuan from retail investors [3]

民生证券股份有限公司 关于新华都特种电气股份有限公司 2025 年半年度跟踪报告 | 保荐机构名称：民生证券股份有限公司 | 被保荐公司简称：新特电气 | | --- | --- | | 保荐代表人姓名：张海东 | 联系电话：021-6087 6732 | | 保荐代表人姓名：肖兵 | 联系电话：021-6087 6732 | | 9.其他业务类别重要事项（包括 | | | | | --- | --- | --- | --- | | 对外投资、风险投资、委托理 | 无 | | 不适用 | | 财、财务资助、套期保值等） | | | | | 10.发行人或者其聘请的中介机 | 无 | | 不适用 | | 构配合保荐工作的情况 | | | | | 11.其他（包括经营环境、业务 | 根据公司 2025 | 年半年度财务 | 保荐机构已提请公司管理 | | | 数据，公司 | 年上半年归 | 层关注业绩情况，并将持续 | | 发展、财务状况、管理状况、 | 2025 | | | | | 属于上市公司股东的扣除非 | | 关注上市公司的业绩变化， | | 核心技术等方面的重大变化情 | | | | | 况） | 经常 ...