Core Viewpoint - The company, Jiadian Co., Ltd., aims to enhance its position as a leading manufacturer and service provider of electric drive systems, focusing on high-end and intelligent product development while expanding its nuclear power business for synergistic growth [1][7]. Technology Empowerment - Jiadian Co., Ltd. has established a "dual headquarters" model in Jiamusi and Harbin to enhance technological innovation, with a focus on product engineering applications and cutting-edge research [2][3]. - The company emphasizes a culture of innovation, encouraging new ideas and collaboration with research institutions to improve product quality and technological advancement [3][4]. Product and Market Development - The company’s product range includes 347 series and nearly 4000 varieties of electric motors, covering various industries such as petrochemicals, coal, metallurgy, and nuclear energy [6]. - Jiadian Co., Ltd. is actively developing high-efficiency, energy-saving, and nuclear motors to adapt to market changes and enhance product competitiveness [6][7]. Strategic Layout - The company operates three production bases in Jiamusi, Suzhou, and Harbin, strategically positioned to meet market demands and support its transformation strategy [5][6]. - Digital transformation initiatives, including the establishment of a high-pressure motor digital assembly workshop, have significantly improved production efficiency and product quality [6]. Collaborative Development - The company is focused on integrating its electric motor and nuclear power sectors to leverage competitive advantages and create new growth opportunities [7][8]. - Jiadian Co., Ltd. has strengthened its market position in the nuclear power sector by acquiring a 51% stake in Harbin Electric Motor, enhancing its competitive edge in the nuclear market [8][9].

Meeting Overview - The company will hold its third extraordinary general meeting of shareholders for 2025 on October 29, 2025, at 14:30 [2] - The meeting will be conducted through a combination of on-site voting and online voting [5][6] - The record date for shareholders to attend the meeting is October 24, 2025 [5] Attendance and Registration - All ordinary shareholders registered with the China Securities Depository and Clearing Corporation Limited by the record date are eligible to attend the meeting [3] - Shareholders must provide valid identification and, if applicable, a power of attorney for their representatives [8] Voting Process - Online voting will be available through the Shenzhen Stock Exchange system from 9:15 to 15:00 on October 29, 2025 [2][17] - The voting code for the meeting is "362892," and the voting name is "Keli Voting" [16] - The meeting will include proposals that require separate voting for minority shareholders [7] Meeting Location - The meeting will take place at the operational center located at Building B3, Shenzhen Bay Technology Eco-park, Nanshan District, Shenzhen [4] Contact Information - For inquiries regarding the meeting, shareholders can contact the company via phone or email [9]

Core Viewpoint - The company has recently obtained a patent for a new type of brushless high-speed motor, which is expected to enhance its technological capabilities and market competitiveness [1] Group 1: Patent Details - The patent is titled "BRUSHLESS HIGH SPEED MOTOR" with the patent number US12,444,999B2 [1] - The design features a unique combination of materials, with the outer shell and airflow duct made of BMC and the inner column made of metal, aimed at reducing resonance and noise during high-speed operation [1] - The motor's shell is designed to be modular, which simplifies the manufacturing process and reduces burrs, thereby improving sound quality [1] Group 2: Technical Innovations - The design includes a grounding post that facilitates easier assembly without affecting airflow [1] - The use of elastic wave pads instead of springs for adjusting radial clearance enhances durability and simplifies installation, while also minimizing noise issues caused by stress misalignment [1]

Core Points - The Wuxi Market Supervision Administration conducted a quality inspection of small power motor products for the year 2025, with a total of 30 batches tested and 1 batch found to be non-compliant, resulting in a non-compliance rate of 3.33% [2] Group 1: Inspection Results - A total of 30 batches of small power motors were inspected [2] - Only 1 batch was found to be non-compliant, indicating a high level of product quality [2] - The non-compliance rate of 3.33% reflects positively on the overall quality of small power motors in Wuxi [2] Group 2: Companies Involved - Multiple companies were involved in the production of the inspected motors, including Wuxi Shiyun Electromechanical Co., Wuxi Qiqiao Fan Co., and Jiangyin Tuojin Motor Co. [3][4] - Most of the inspected products from these companies were found to be compliant with quality standards [3][4] - The only non-compliant product was from Wuxi Dinghong Electric Appliance Manufacturing Co., which had issues related to labeling and specifications [4]

Group 1: Financial Data Insights - The significant point of focus in the September financial data is the substantial decrease in non-bank deposits, attributed mainly to a high base from the previous year and a turbulent stock market in September 2025, which likely contributed to the reduced non-bank deposits [1][26][27] - In September, the total social financing (社融) decreased by 2,297 billion yuan year-on-year, with new social financing amounting to 35,338 billion yuan, which was below market expectations [2][27] - The new RMB loans in September were 12,900 billion yuan, a year-on-year decrease of 3,000 billion yuan, indicating a continued weak credit environment [3][27] Group 2: Company-Specific Insights on 德昌电机控股 (Johnson Electric) - 德昌电机控股 is positioned to benefit from the growth in humanoid robot components manufacturing, leveraging its established advantages in the electric motor sector and its extensive overseas presence [6][20][21] - The company is expected to see a steady increase in net profit, projected at 2.81 billion USD for 2026, 3.22 billion USD for 2027, and 3.55 billion USD for 2028, reflecting growth rates of 7%, 15%, and 10% respectively [6][20] - The automotive small motor market is anticipated to grow, with the average selling price (ASP) of small motors in smart electric vehicles expected to increase by 50% compared to traditional fuel vehicles, driven by advancements in various vehicle systems [8][21]

Group 1 - The company, Fangzheng Electric (002196.SZ), announced that its major shareholders, including Mr. Zhang Min, Chairman Mr. Weng Weiwen, and senior executive Ms. Lu Meiling, plan to collectively reduce their holdings by no more than 16.72 million shares, which represents 3.37% of the company's total share capital [1]

Core Viewpoint - The major shareholders of Fangzheng Electric (002196.SZ) plan to reduce their holdings, which may impact the company's stock performance and investor sentiment [1] Shareholder Reduction Plans - Shareholder Zhang Min intends to reduce his holdings by up to 14,876,157 shares, representing 3.00% of the company's total share capital [1] - Chairman Weng Weiwen plans to sell up to 1.8 million shares, accounting for 0.36% of the total share capital [1] - Senior executive Lu Meiling aims to reduce her holdings by up to 46,250 shares, which is 0.01% of the total share capital [1] - The reduction period is set for three months starting from 15 trading days after the announcement [1]

Core Viewpoint - The company, Tuobang Co., Ltd. (002139.SZ), is providing high-precision DC brushless motors for automotive LiDAR, with over one million units already in mass production [1] Group 1: Product and Technology - The DC brushless motors supplied by the company are used in mirror-type LiDAR systems, which currently lead in detection distance and accuracy within automotive-grade standards [1] - The technology is also compatible with robotic applications, depending on downstream customer demand [1] Group 2: Market Strategy - The company is actively promoting its motor solutions to potential customers in related fields [1]

Core Viewpoint - The company, Tuobang Co., Ltd. (002139), is experiencing strong sales growth in its laser radar motors due to the increasing installation of laser radars in smart vehicles, with mass supply expected to begin in 2024 [1] Group 1: Business Performance - The sales situation of the laser radar motors has been continuously improving, maintaining a high growth rate [1] - The company has achieved breakthroughs in cooperation with various clients [1] Group 2: Product Development - The laser radar motors have significantly reduced size and cost through structural optimization while maintaining high precision, reliability, and rapid response capabilities [1] - The company is advancing the platform development of automotive-grade motors to enhance product scalability and adaptability to multiple vehicle models [1] Group 3: Competitive Advantage - The company is solidifying its competitive position in the key components of intelligent driving technology [1]

Core Viewpoint - The company, Tuobang Co., stated that laser radar can serve as a visual sensing technology route for humanoid robots, indicating a focus on developing products tailored to various application scenarios [1] Group 1 - The company is exploring the design and production of laser radar motors based on specific application requirements [1] - Tuobang Co. will fulfill its information disclosure obligations if there are any advancements related to laser radar motors for robots [1]