Group 1 - The core point of the article is that Huashu Technology has established a wholly-owned subsidiary, Huzhou Huashu Digital Energy Technology Co., Ltd., to expand its overseas household energy storage and commercial distributed energy storage system business [2] - The subsidiary was funded with 5 million RMB from the company's own funds to enhance market competitiveness [2] - The new company has completed its business registration and obtained a business license from the Deqing County Market Supervision Administration [2]

证券代码：301157 证券简称：华塑科技 公告编号：2025-044 杭州华塑科技股份有限公司 关于设立全资孙公司并取得营业执照的公告 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。 一、设立全资孙公司的情况概述 杭州华塑科技股份有限公司（以下简称"公司"）为进一步满足经营发展需 要，落实战略规划，拓展海外家庭储能、工商业分布式储能系统相关业务，进一 步提高市场竞争力，公司全资子公司杭州敦能科技有限责任公司以自有资金出资 500 万元人民币设立全资孙公司湖州华塑数字能源技术有限公司。近日，湖州华 塑数字能源技术有限公司已完成工商注册登记，并取得由德清县市场监督管理局 下发的《营业执照》。 法定代表人：杨冬强 注册资本：伍佰万元整 成立日期：2025 年 11 月 21 日 类型：有限责任公司（自然人投资或控股的法人独资） 住所：浙江省湖州市德清县洛舍镇凤凰路北侧同欣共富标准厂房 2-17 号厂 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 2 号——创业板上市公司规范运作》及《公司章程》等有关规定， 本次设立全资孙公司的事 ...

Market Overview - The other power equipment sector experienced a decline of 0.91% on the trading day, with Youyou Green Energy leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - HaLu Heavy Industry (002255) saw a significant increase of 10.04%, closing at 13.92 with a trading volume of 1.48 million shares and a transaction value of 2.02 billion [1] - China Power (600482) increased by 2.11%, closing at 20.82 with a transaction value of 844 million [1] - Youyou Green Energy (301590) led the declines with a drop of 5.84%, closing at 171.88 with a transaction value of 146 million [2] Capital Flow - The other power equipment sector had a net inflow of 206 million from institutional investors, while retail investors experienced a net outflow of approximately 89.9 million [2] - Major stocks like HaLu Heavy Industry and China Power attracted significant institutional investment, while Youyou Green Energy and others saw substantial retail outflows [3]

Market Overview - The other power equipment sector declined by 1.59% on the previous trading day, with Haibosi leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Keda (002518) saw a closing price of 46.89 with an increase of 3.49% and a trading volume of 175,200 shares, totaling 825 million yuan [1] - Hu塑科技 (301157) closed at 53.10, up 3.27%, with a trading volume of 17,200 shares, amounting to 90.99 million yuan [1] - Other notable performances include Yingjie Electric (300820) at 58.29, up 0.50%, and Youyou Green Energy (301590) at 182.55, up 0.41% [1] - Conversely, Haibosi (688411) experienced a significant drop of 10.86%, closing at 322.00 with a trading volume of 66,700 shares, totaling 2.213 billion yuan [2] - Other stocks like Hailu Chading (002255) and Aotexun (002227) also faced declines of 9.96% and 5.61%, respectively [2] Capital Flow Analysis - The other power equipment sector experienced a net outflow of 1.08 billion yuan from main funds, while retail investors saw a net inflow of 472 million yuan [2][3] - Notable net inflows from retail investors were observed in stocks like Jintai Technology (002951) with 704.14 million yuan, while Keda (002518) saw a net outflow of 732.7 million yuan from retail investors [3] - The main funds showed a net inflow in stocks like Magmet (002851) with 96.64 million yuan, while other stocks like Shenghong Co. (300693) had a net outflow of 68.73 million yuan from main funds [3]

Core Viewpoint - Microsoft CEO has warned that power shortages are becoming a bottleneck for the AI industry, prompting inquiries about collaborations with companies like Huashu Technology [1] Company Summary - Huashu Technology (301157.SZ) is a leading provider of battery safety management (BMS) products and services in China [1] - The company has previously supplied its BMS products and services directly to Microsoft [1] - Future plans include providing comprehensive solutions and services to Microsoft's computing centers [1] Industry Context - The AI industry is facing challenges due to power shortages, which could impact growth and operational capabilities [1] - The collaboration between technology companies and battery management providers is crucial for addressing these challenges [1]

Core Viewpoint - Microsoft CEO warns that power shortages are becoming a bottleneck for the AI industry, highlighting the importance of energy supply for technological advancements [1] Group 1: Company Information - The company is a leading provider of battery safety management (BMS) products and services in China [1] - The company has previously supplied its battery BMS products and services directly to Microsoft [1] - The company plans to provide comprehensive solutions and services to Microsoft's computing center in the future [1] Group 2: Industry Context - The industry is facing challenges related to power shortages, which could impact the growth and development of AI technologies [1] - The company sells its products and services overseas through agents, indicating a global market presence [1] - The company does not have access to specific information about downstream end customers due to confidentiality and supply chain privacy [1]

Core Viewpoint - The company, Huashu Technology, reported that as of October 31, 2025, the number of shareholders is expected to reach 8,669 [2] Summary by Category - **Company Information** - Huashu Technology has communicated to investors that the projected number of shareholders will be 8,669 by the end of October 2025 [2] - **Investor Engagement** - The company actively engages with investors through platforms to provide updates and respond to inquiries [2]

Core Viewpoint - The company Huashu Technology (301157.SZ) has stated that there is currently no business relationship with Chaopuyuan [1] Group 1 - The company confirmed the absence of any business dealings with Chaopuyuan [1]

Core Viewpoint - The company Huashu Technology (301157.SZ) has stated that it currently has no business dealings with Super Fusion [1] Group 1 - The company confirmed the lack of business interactions with Super Fusion on the investor interaction platform [1]

Company Overview - Huashu Technology was established on December 16, 2005, and was listed on the Shenzhen Stock Exchange on March 9, 2023. The company is a leading enterprise in the domestic battery safety management field, focusing on battery safety management products and possessing advantages in the entire industry chain through independent research and development [1] Business Performance - For Q3 2025, Huashu Technology reported revenue of 177 million, ranking 24th among 25 companies in the industry, significantly lower than the industry leader, China Power, with 40.971 billion, and the second, Haibosichuang, with 7.913 billion. The industry average revenue was 3.374 billion, and the median was 1.008 billion [2] - The net profit for the same period was 19.071 million, ranking 16th among 25 companies, again far behind the industry leader, China Power, with 2.502 billion, and the second, Haibosichuang, with 624 million. The industry average net profit was 191 million, and the median was 37.445 million [2] Financial Ratios - As of Q3 2025, Huashu Technology's debt-to-asset ratio was 12.18%, an increase from 10.09% in the previous year but still significantly lower than the industry average of 42.24%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 33.12%, up from 31.46% in the previous year, and higher than the industry average of 25.60%, reflecting strong profitability [3] Executive Compensation - The chairman, Yang Dongqiang, received a salary of 822,800, an increase of 10,600 from the previous year. The general manager, Li Mingxing, also received the same salary, reflecting a consistent compensation structure [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.71% to 8,603, while the average number of circulating A-shares held per household increased by 8.36% to 2,401.49 [5]