一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意山东山 大电力技术股份有限公司首次公开发行股票注册的批复》（证监许可〔2025〕 1082 号）同意注册，公司首次公开发行人民币普通股（A 股）股票 4,072.00 万 股，每股发行价人民币 14.66 元，募集资金总额为人民币 59,695.52 万元，扣除 各类发行费用 6,850.53 万元（不含增值税）后，募集资金净额为人民币 52,844.99 万元。容诚会计师事务所（特殊普通合伙）已对本次发行募集资金到 位情况进行了审验，并于 2025 年 7 月 18 日出具了《验资报告》（容诚验字 [2025]230Z0088 号）。公司已根据相关规定将上述募集资金进行了专户存储管理， 并与保荐人、存放募集资金的银行签署了《募集资金三方监管协议》。 兴业证券股份有限公司 关于山东山大电力技术股份有限公司 使用部分闲置募集资金进行现金管理的核查意见 兴业证券股份有限公司（以下简称"兴业证券"或"保荐人"）作为山东山 大电力技术股份有限公司（以下简称"山大电力"或"公司"）首次公开发行股 票并在创业板上市的保荐人，根据《证券发行上 ...

一、召开会议基本情况 1.股东大会届次：2025 年度第二次临时股东大会 证券代码：301609 证券简称：山大电力 公告编号：2025-005 山东山大电力技术股份有限公司 关于召开2025年度第二次临时股东大会的通知 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。 山东山大电力技术股份有限公司（以下简称"公司"）于 2025 年 8 月 1 日 召开的第三届董事会第十五次会议审议通过了《山东山大电力技术股份有限公司 关于召开 2025 年度第二次临时股东大会的议案》。公司董事会决定于 2025 年 8 月 20 日上午 10:00 召开公司 2025 年度第二次临时股东大会（以下简称"本次股 东大会"），现就召开本次股东大会的有关事项通知如下： 2.股东大会的召集人：公司董事会 3.会议召开的合法、合规性：本次会议的召开符合有关法律、行政法规、部 门规章、规范性文件和公司章程的规定 4.会议召开的日期、时间： （1）现场会议时间：2025 年 8 月 20 日（星期三）上午 10：00 （2）网络投票时间：2025 年 8 月 20 日 其中，通过深圳证券 ...

Quantitative Models and Construction Methods Model Name: New Stock Issuance Model - **Construction Idea**: The model aims to track the performance of newly issued stocks in various market segments, including the main board, ChiNext, and STAR Market[1][12][22]. - **Construction Process**: - Collect data on the number of new stocks issued, the amount of funds raised, and the first-day price performance. - Calculate the average first-day price increase for each market segment. - Formula: $ \text{Single Account Stock Return} = \min(\text{Account Size}, \text{Subscription Limit}) \times \text{Winning Rate} \times \text{Return Rate} $ $ \text{A/B/C Class Investors Full Return} = \text{Subscription Limit} \times \text{A/B/C Class Offline Winning Rate} \times \text{Return Rate} $ - Parameters: - Winning Rate: Actual winning rate of offline new stock issuance. - Return Rate: For new stocks listed on the STAR Market and ChiNext, and under the comprehensive registration system on the main board, the return rate is the first-day average transaction price relative to the issue price. For non-registration system main board stocks, the return rate is the average transaction price on the opening day relative to the issue price[40][41][42]. - **Evaluation**: The model provides a comprehensive view of the performance of new stock issuances across different market segments, helping investors understand the potential returns from participating in new stock offerings[1][12][22]. Model Backtesting Results New Stock Issuance Model - **Main Board**: - A Class: Monthly return rate 0.159%, cumulative return 1.000%[41][42][47] - C Class: Monthly return rate 0.141%, cumulative return 0.908%[41][42][47] - **ChiNext**: - A Class: Monthly return rate 0.035%, cumulative return 1.128%[41][45][47] - C Class: Monthly return rate 0.034%, cumulative return 0.989%[41][45][47] - **STAR Market**: - A Class: Monthly return rate 0.064%, cumulative return 0.547%[41][46][47] - C Class: Monthly return rate 0.063%, cumulative return 0.527%[41][46][47] Quantitative Factors and Construction Methods Factor Name: New Stock Performance Factor - **Construction Idea**: This factor aims to measure the performance of new stocks on their first day of trading, providing insights into the potential returns from participating in new stock offerings[1][12][22]. - **Construction Process**: - Collect data on the first-day price performance of new stocks. - Calculate the average first-day price increase for each market segment. - Formula: $ \text{First-Day Price Increase} = \frac{\text{First-Day Closing Price} - \text{Issue Price}}{\text{Issue Price}} \times 100\% $ - Parameters: - First-Day Closing Price: The closing price of the stock on its first day of trading. - Issue Price: The price at which the stock was issued[1][12][22]. - **Evaluation**: This factor provides a clear measure of the initial performance of new stocks, helping investors gauge the potential returns from participating in new stock offerings[1][12][22]. Factor Backtesting Results New Stock Performance Factor - **Main Board**: - Average first-day price increase: 276.29%[22][23] - **ChiNext**: - Average first-day price increase: 356.00%[22][23] - **STAR Market**: - Average first-day price increase: 174.56%[22][23] Fund Product Performance Fund Product Performance in New Stock Offerings - **Construction Idea**: Measure the participation and success rate of fund products in new stock offerings, and calculate their estimated returns based on their participation and winning rates[57][58][59]. - **Construction Process**: - Collect data on the participation and winning rates of fund products in new stock offerings. - Calculate the estimated returns based on the latest fund quarterly report. - Formula: $ \text{Participation Rate} = \frac{\text{Number of New Stocks Quoted}}{\text{Total Number of New Stocks Issued}} $ $ \text{Winning Rate} = \frac{\text{Number of Valid Quotes}}{\text{Number of New Stocks Quoted}} $ - Parameters: - Participation Rate: The rate at which the fund product participates in new stock offerings. - Winning Rate: The rate at which the fund product's quotes are accepted[57][58][59]. - **Evaluation**: This method provides a detailed view of the performance of fund products in new stock offerings, helping investors understand the potential returns from participating in new stock offerings through fund products[57][58][59]. Fund Product Backtesting Results Fund Product Performance - **Top Performing Funds**: - Middle European Shanghai-Shenzhen 300 Index A: Estimated return rate 0.337%[57][58][59] - ICBC Quality Selection A: Estimated return rate 0.33%[57][58][59] - Huatai-PineBridge Innovation Power: Estimated return rate 0.33%[57][58][59] Institutional Performance Institutional Performance in New Stock Offerings - **Construction Idea**: Measure the participation and success rate of institutions in new stock offerings, and calculate their estimated returns based on their participation and winning rates[60][61][62]. - **Construction Process**: - Collect data on the participation and winning rates of institutions in new stock offerings. - Calculate the estimated returns based on the latest institutional quarterly report. - Formula: $ \text{Participation Rate} = \frac{\text{Number of New Stocks Quoted}}{\text{Total Number of New Stocks Issued}} $ $ \text{Winning Rate} = \frac{\text{Number of Valid Quotes}}{\text{Number of New Stocks Quoted}} $ - Parameters: - Participation Rate: The rate at which the institution participates in new stock offerings. - Winning Rate: The rate at which the institution's quotes are accepted[60][61][62]. - **Evaluation**: This method provides a detailed view of the performance of institutions in new stock offerings, helping investors understand the potential returns from participating in new stock offerings through institutional products[60][61][62]. Institutional Backtesting Results Institutional Performance - **Top Performing Institutions**: - GF Fund: Estimated return rate 1.74 billion[60][61][62] - China Asset Management: Estimated return rate 1.51 billion[60][61][62] - E Fund Management: Estimated return rate 1.33 billion[60][61][62]

Group 1 - The core viewpoint of the article highlights the dramatic decline in the stock price of Shanda Electric after its initial public offering (IPO), raising concerns about the company's intentions and the experience of retail investors [1][3][11] - Shanda Electric was listed on the ChiNext board on July 23, with an initial offering price of 14.66 yuan per share. The stock opened at 87.7 yuan, peaking at 88.44 yuan, but closed at 66.85 yuan, reflecting a significant drop from its peak [3][6] - Following the IPO, the stock price entered a downward trend, with a drop to 60.79 yuan on July 24, and further declines on subsequent days, resulting in a total drop of over 24% within five trading days, leading to a market capitalization reduction from over 10 billion yuan to 8.24 billion yuan [6][9] Group 2 - Shanda Electric, established in 2001 and affiliated with Shandong University, focuses on the research and development of intelligent products related to power systems. The company has two main business segments: intelligent grid monitoring and renewable energy [9] - The company has shown revenue and net profit growth over the past few years, with projected revenues of 478 million yuan, 549 million yuan, and 658 million yuan for 2022 to 2024, respectively, and net profits of approximately 77 million yuan, 103 million yuan, and 127 million yuan for the same period [9] - Concerns have been raised regarding the company's financial practices, including the lack of distinction between business entertainment and travel expenses, which could indicate potential issues in financial transparency and management [11]

格隆汇7月31日丨山大电力(301609.SZ)在互动平台表示，公司的电网智能监测产品适用于特高压电气设 备，可为特高压智能感知及诊断预警提供可靠、有效的保障。具体市场份额请以公司官方披露的相关公 告为准。公司电网智能监测产品在溪洛渡等大型水电站和白鹤滩水电站送华东地区特高压输电工程、国 家电网雪域高原藏中联网工程中都有应用。 ...

格隆汇7月31日丨山大电力(301609.SZ)在互动平台表示，公司智能变电站辅助系统综合监控平台、新能 源汽车充电桩的中标率排名相对靠前，为电网企业的主要供应商之一。截止目前公司尚未开展国外业 务。 ...

山大电力最新一期业绩显示，截至2025一季报，公司营业总收入1.11亿元、同比增长12.02%，归属净利 润1731.58万元，同比增长15.91%，扣非净利润1417.41万元，同比增长11.41%，流动比率1.867、速动比 率1.292、资产负债率43.81%。 天眼查商业履历信息显示，山东山大电力技术股份有限公司，成立于2001年，位于济南市，是一家以从 事电气机械和器材制造业为主的企业。企业注册资本12216万人民币，实缴资本5280万人民币。公司法 定代表人为张波。 金融界消息 截至2025年7月30日收盘，山大电力（301609）报收于49.75元，下跌1.68%，换手率 27.57%，成交量9.58万手，成交金额4.74亿元。 通过天眼查大数据分析，山东山大电力技术股份有限公司共对外投资了1家企业，参与招投标项目3441 次，知识产权方面有商标信息6条，专利信息115条，此外企业还拥有行政许可30个。 资金流向方面，今日主力资金净流出3032.87万元，占比成交额6.4%。其中，超大单净流出2079.52万 元、占成交额4.39%，大单净流出953.35万元、占成交额2.01%，中单净流出流入 ...

Group 1 - The company has applied its smart grid monitoring products in the State Grid's Tibet Central Interconnected Project [1] - The Yarlung Tsangpo River downstream hydropower project has officially commenced construction, but the company has not yet participated in the bidding for the Yarlung downstream hydropower station [1] - The company plans to actively participate in the bidding process once the relevant equipment tendering starts [1]

证券日报网讯金现代（300830）7月29日在互动平台回答投资者提问时表示，公司与山大电力(股票代 码：301609)不存在关联关系。 ...

Company Overview - Shanda Electric, established in 2001, is a state-owned enterprise affiliated with Shandong University and a national high-tech enterprise [3] - The company operates in two main business segments: smart grid monitoring and renewable energy, with smart grid monitoring accounting for approximately 88% of revenue from 2022 to 2024 [3] - Major clients include State Grid and Southern Power Grid, with significant sales reliance on these large customers [3] Financial Performance - Revenue for Shanda Electric is projected to grow from 478 million yuan in 2022 to 658 million yuan in 2024, with year-on-year growth rates of 9.76%, 14.8%, and 19.85% respectively [5] - Net profit is expected to increase from 76.99 million yuan in 2022 to 127 million yuan in 2024, with growth rates of 1.06%, 33.53%, and 23.18% [5] - In Q1 2025, the company reported revenue of 111 million yuan and net profit of 17.32 million yuan, reflecting year-on-year growth of 12.02% and 15.91% respectively [5] Stock Market Performance - On July 23, 2023, Shanda Electric's stock debuted at 14.66 yuan per share, reaching a peak of 88.44 yuan, but closed at 66.85 yuan, indicating a significant volatility [8][11] - The stock price fell by 9.07% on July 24, closing at 60.79 yuan, with a turnover rate of 55.61% and a trading volume of 1.18 billion yuan [9][12] - The stock's high price-to-earnings ratio suggests a potential overvaluation compared to its earnings growth [11] Market Sentiment - The drastic price drop post-IPO may be attributed to excessive initial price inflation and a shift in investor sentiment towards a more rational assessment of the company's fundamentals [11] - Retail investors who bought at peak prices are facing significant losses, highlighting the risks associated with speculative trading in newly listed stocks [14]