Group 1 - The company, Mingyang Electric (301291.SZ), stated on its interactive platform that it currently has no business related to humanoid robots or commercial aerospace [1]

Group 1 - On January 19, a total of 14 companies were investigated by institutions, with 8 companies being surveyed by funds [1] - Shu Dao Equipment received the most attention, with 4 funds participating in the survey, while Mingyang Electric and Ruipu Biotech had 3 and 2 funds respectively [1] - Among the surveyed companies, there is 1 company from the main board, 6 from the ChiNext board, and 1 from the Sci-Tech Innovation board [1] Group 2 - The total market capitalization of the surveyed A-share companies includes 1 company with a market cap over 50 billion yuan and 5 companies with a market cap below 10 billion yuan, including Tianlu Technology and Shu Dao Equipment [1] - In terms of market performance, 6 of the surveyed stocks increased in the past 5 days, with the highest gains seen in Shiji Information (21.98%), Tianlu Technology (11.08%), and Mingyang Electric (6.95%) [1] - Conversely, 2 stocks experienced declines, with Longxin Technology and Shu Dao Equipment showing the largest drops of 9.72% and 4.68% respectively [1]

证券日报网讯1月19日，明阳电气（301291）在互动平台回答投资者提问时表示，公司重视投资者回 报，将持续稳健运营，提升盈利能力，更好地为股东创造价值。 ...

（文章来源：证券日报） 证券日报网讯 1月19日，明阳电气在互动平台回答投资者提问时表示，在全球化和创新驱动战略的双轮 驱动下，公司立足全球能源战略，继续深耕清洁能源和电力行业，围绕风电、光伏、电网、储能、多能 互补、数据中心等领域，推进重大电力装备及关键核心技术攻关，赋能全球能源的绿色、可持续发展。 ...

证券日报网讯1月19日，明阳电气（301291）在互动平台回答投资者提问时表示，公司积极布局海外市 场，产品符合IEEE、IEC等国际标准，并获得CQC、UL、CE、DNV-GL等多项国内外权威机构认证， 远销欧洲、北美洲、东南亚、中东、南美洲、非洲等全球60多个国家和地区。 ...

Group 1 - The core point of the article is that Mingyang Smart Energy announced an investor research meeting scheduled for January 19, 2026, where company representatives will engage with investors and address their inquiries [1] Group 2 - The meeting will be attended by the company's board secretary, Yao Xingcun, and investor relations manager, Yang Xiao, indicating a proactive approach to investor engagement [1]

4、面对铜等原材料价格上涨，在成本控制方面采取了哪些有效措施？ 公司始终秉承稳健经营理念，坚持精细化运营管理，提升运营效率和管理效能。公司 建立完善的供应链管理系统，与主要供应商通过合作共赢的模式，加强对供应链的管控， 不断提升企业盈利能力。公司将密切关注全球新能源经济形势及行业政策，继续落实降本 增效策略，结合自身技术优势提高成本效益。 投资者关系活动记录表 编号：2026-001 投资者关 系活动类 别 ☐ 特定对象调研 ☐ 分析师会议 ☐ 媒体采访 ☐ 业绩说明会 ☐ 新闻发布会 路演活动 ☐ 现场参观 ☐ 其他（请备注） 参与单位 名称及人 员姓名 景顺长城；泰康资产；鹏华基金；南方基金；国联民生证券等 时间 2026年1月19日 地点 线上交流 上市公司 接待人员 姓名 董事会秘书姚兴存、投资者关系经理杨逍 投资者关 系活动主 要内容介 绍 1、公司主要业务线发展情况。 作为领先的可再生能源领域智能化配电设备提供商，公司主要从事应用于可再生能源 （含风能、光伏、储能）、新型基础设施（含数据中心、智能电网）等领域的输配电及控 制设备的研发、生产和销售，以智能变压器、箱式变电站、智能成套开关设备为核心产 ...

Core Viewpoint - The A-share market for smart grid stocks has shown significant strength, with multiple companies experiencing substantial gains following the announcement of a major investment plan by the State Grid Corporation of China [1] Group 1: Market Performance - Smart grid stocks collectively surged, with notable gains including: - Shuangjie Electric up over 17% - Electric Power Research Institute up over 15% - Hongxiang Co., Huasu Technology up over 10% - Several other companies including Hanlan Co., Dalian Electric Porcelain, and others hitting the daily limit up [1] - The overall market sentiment is positive, driven by strong investment forecasts and demand in the sector [1] Group 2: Investment Outlook - The State Grid Corporation has projected a fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan, a 40% increase compared to the previous plan, with an average annual investment of 800 billion yuan, indicating a compound annual growth rate (CAGR) approaching double digits [1] - Investment will focus on the construction of a new power system, aiming to enhance cross-regional and cross-provincial transmission capacity by over 30% compared to the end of the previous plan [1] Group 3: Export Growth - The North American market is experiencing a surge in demand for power equipment driven by aging infrastructure and increased electricity needs from AI data centers, leading to a significant rise in delivery times for transformers and high-voltage cables [1] - From January to November 2025, China's exports of transformers, high-voltage switches, and wires and cables are expected to grow by 35.3%, 29.4%, and 22.9% year-on-year, respectively, indicating a strong international market presence [1]

Investment Rating - The report maintains a "Recommended" rating for several key companies in the power equipment and new energy sectors, including Ningde Times, Kodali, and others [5][6]. Core Insights - The power equipment and new energy sector saw a weekly increase of 0.79%, outperforming the Shanghai Composite Index, with the energy storage index showing the highest growth at 1.81% [1]. - The National Energy Administration projects a total electricity consumption of 10,368.2 billion kWh by 2025, representing a year-on-year growth of 5.0% [4][56]. - TCL Zhonghuan's strategic investment in a new energy company aims to enhance vertical integration in the photovoltaic industry, reducing costs and improving efficiency [3][37]. Summary by Sections 1. New Energy Vehicles - Hive Energy showcased three core technological breakthroughs at its sixth Battery Day, focusing on semi-solid technology, Dragon Scale 3.0 technology, and ion oscillation fast charging technology, all aimed at enhancing safety and performance [2][13][21]. 2. New Energy Generation - TCL Zhonghuan's acquisition of a new energy company is expected to optimize resources and enhance business synergy, facilitating a shift from low-level competition to value co-creation in the photovoltaic sector [3][37]. 3. Power Equipment and Industrial Control - The National Grid's "14th Five-Year Plan" anticipates a fixed asset investment of 4 trillion yuan, a 40% increase from the previous plan, to support the development of a new power system [4][56]. - The report highlights significant growth in electricity consumption across various sectors, with the service industry and residential electricity usage contributing 50% to the overall growth [4][56]. 4. Commercial Aerospace - Trina Solar set a new world record with a 886W per 3.1 m² perovskite/silicon tandem module, reinforcing its leadership in high-efficiency energy technology [5]. 5. Weekly Sector Performance - The energy storage index led the sector with a 1.81% increase, while the nuclear power index experienced the largest decline at 6.39% [1].

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].