Group 1 - The company, Xiangming Intelligent (301226.SZ), confirmed on September 23 that it has no cooperation with Songyan Power regarding any components [1]

Market Performance - The electric motor sector increased by 4.25% compared to the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Top Gainers in Electric Motor Sector - Kangping Technology (300907) closed at 39.98, up 16.36% with a trading volume of 108,200 shares and a transaction value of 409 million [1] - Jiangsu Changli (300660) closed at 66.19, up 14.16% with a trading volume of 454,900 shares and a transaction value of 2.673 billion [1] - Dayang Electric (002249) closed at 10.34, up 10.00% with a trading volume of 2.8172 million shares and a transaction value of 2.763 billion [1] Other Notable Performers - Mingzhi Electric (603728) closed at 78.15, up 6.05% with a trading volume of 125,500 shares and a transaction value of 1.935 billion [1] - Weiguang Co., Ltd. (002801) closed at 38.15, up 5.59% with a trading volume of 77,900 shares and a transaction value of 292 million [1] Market Capital Flow - The electric motor sector saw a net inflow of 18.2663 million from institutional investors, while retail investors contributed a net inflow of 26.9 million [2] - The sector experienced a net outflow of 287 million from speculative funds [2] Individual Stock Fund Flow - Dayang Electric (002249) had a net inflow of 35.2 million from institutional investors, while it faced a net outflow of 155 million from speculative funds [3] - Zhaowei Electromechanical (003021) recorded a net inflow of 22 million from institutional investors, with a net outflow of 75.8594 million from speculative funds [3] - Kangping Technology (300907) had a net inflow of 20.174 million from institutional investors, while it faced a net outflow of 13.4122 million from speculative funds [3]

（文章来源：证券日报） 证券日报网讯祥明智能9月15日在互动平台回答投资者提问时表示，截至2025年9月10日前N名证券持有 人名册（未合并融资融券信用账户）股东总人数12319户。 ...

Group 1 - The company Xiangming Intelligent reported that as of September 10, 2025, the total number of shareholders (excluding merged margin trading accounts) is 12,319 [2]

Group 1 - The company, Xiangming Intelligent, stated on September 2 that its robotic joint modules possess independent intellectual property rights for key components such as motors and controllers, indicating a high level of self-manufacturing [2] - The company emphasizes that its entire supply chain is independently controllable, which enhances its market service capabilities [2]

Group 1 - The company, Xiangming Intelligent, stated on September 2 that it possesses self-operated export rights for its joint module products, which will be promoted in both domestic and international markets [2]

Group 1 - The company, Xiangming Intelligent, clarified the concept of industrialization as the process of transforming research and development results into actual products and putting them into production, which includes establishing production lines, improving production processes, and achieving large-scale production [2] - Marketization is defined as the process of bringing products to the market, which involves market research, building sales channels, brand promotion, and customer development [2]

证券日报网讯祥明智能9月2日在互动平台回答投资者提问时表示，截至2025年8月29日前N名证券持有 人名册（未合并融资融券信用账户）股东总人数为11735户。 （文章来源：证券日报） ...

Market Overview - The electric motor sector increased by 0.16% compared to the previous trading day, with Mingzhi Electric leading the gains [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Top Performers - Mingzhi Electric (603728) closed at 65.74, up 3.71% with a trading volume of 245,000 shares and a turnover of 1.575 billion [1] - Jiangsu Yinli (300660) closed at 52.47, up 3.08% with a trading volume of 303,500 shares and a turnover of 1.544 billion [1] - Xiangming Intelligent (301226) closed at 35.45, up 1.99% with a trading volume of 71,100 shares and a turnover of 244 million [1] Underperformers - Xiangdian Co. (600416) closed at 15.85, down 5.60% with a trading volume of 507,300 shares and a turnover of 808 million [2] - Kangping Technology (300907) closed at 35.70, down 4.34% with a trading volume of 42,900 shares and a turnover of 154 million [2] - Huayang Intelligent (301502) closed at 55.14, down 3.58% with a trading volume of 17,200 shares and a turnover of 9.466 million [2] Capital Flow - The electric motor sector experienced a net outflow of 1.076 billion from institutional investors, while retail investors saw a net inflow of 889 million [2] - The top net inflows from retail investors were observed in Mingzhi Electric and Zhaowei Electromechanical, while significant outflows were noted in Xiangdian Co. and Jiangte Electric [3]

Group 1 - The company has its own export rights and promotes its joint module products in both domestic and international markets [2] - Investors inquired about the company's robot component business and its potential overseas clients [2] - The company confirmed that it has intention clients both domestically and abroad [2]