Shang Hai Zheng Quan Bao·2025-11-05 19:43Core Viewpoint - Jiangsu Shenneng Electric Power Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from November 3 to November 5, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange regulations [2][3][10]. Group 1: Stock Trading Fluctuation - The company's stock price increased by more than 20% cumulatively over three trading days, indicating abnormal trading activity [2][3]. - The company confirmed that there are no undisclosed significant information affecting the stock price, and the production and operational activities remain normal [4][6]. Group 2: Major Events - The company approved a share repurchase plan on July 29, 2025, and has repurchased 7,977,424 shares, accounting for 1.8480% of the total share capital, with a total expenditure of approximately RMB 236.67 million [5]. - The company is planning to invest in factories in Vietnam and Romania, with specific investment scales yet to be determined [5]. Group 3: Shareholder Actions - Major shareholder Chen Xiaoqin plans to reduce holdings by up to 12,950,536 shares, representing 3% of the total share capital, with a reduction period from September 17 to December 16, 2025 [8]. - As of November 5, 2025, Chen Xiaoqin has reduced holdings by 4,316,800 shares, bringing her total ownership down from 79.16% to 78.16% [14][15]. Group 4: Company Operations - The company’s main business activities, including the research, production, and sales of composite external insulation for power systems and rubber seals, have not undergone significant changes [9]. - The internal operational order remains normal, and there have been no major fluctuations in production costs or sales [9].