（文章来源：证券日报） 证券日报网讯 11月28日晚间，天正电气发布公告称，公司分别于2025年8月28日、2025年9月18日召开 第九届董事会第二十次会议、2025年第一次临时股东大会，审议通过了《关于取消监事会、变更注册资 本及修订的议案》。鉴于公司2024年度业绩水平未达到业绩考核目标及部分离职激励对象离职不再符合 激励对象资格，公司已完成回购注销前述109名激励对象已获授但尚未解除限售的1，867，750股限制性 股票。回购注销完成后，公司股份总数由506，617，875股变更为504，750，125股，注册资本由506， 617，875元变更为504，750，125元。近日，公司已完成上述注册资本变更的工商变更登记手续，并取 得了浙江省市场监督管理局核发的《营业执照》。 ...

Core Points - The company, 卡倍亿, submitted an application for issuing convertible bonds to unspecified objects on July 1, 2025, and received an inquiry letter from the Shenzhen Stock Exchange on July 30, 2025 [1] - The Shenzhen Stock Exchange reviewed the application documents and raised several questions, which the company addressed in collaboration with relevant intermediaries [1] - The company updated the application documents, including financial data, in accordance with the requirements of the inquiry letter and following the public disclosure of its 2025 semi-annual report [1] - Recently, the company made further updates to the application documents based on additional review comments from the Shenzhen Stock Exchange and the public disclosure of its 2025 third-quarter report [1]

为深化"高新汇融"年度"上市中继站"计划，以资本赋能激活产业生态活力，近日，在青岛高新区财政金融部指导下，高新区科技金融创新服务中心（以下 简称"金融中心"）联合中泰证券青岛分公司共同主办的"高新汇融・2025泰链百业—青岛新质生产力赋能行动暨走进上市公司"活动，在青岛特锐德电气股 份有限公司成功落幕。来自高新区上市公司、拟上市企业、专精特新企业及银行、保险等金融机构的30余家单位代表齐聚一堂，共赴这场"政策+资源+服 务"三位一体的一站式赋能盛会。 互动交流环节气氛热烈，参会企业代表围绕上市培育路径、再融资渠道拓展、政策申报要点等核心需求积极提问。政府部门相关负责人、券商资深顾问、 金融机构业务专家现场"一对一"问诊把脉，精准对接资源、破解发展难题，实现了政企银保多方"同频共振"，为企业对接资本市场、获取金融支持搭建了 高效便捷的沟通桥梁。 青岛高新区始终聚焦企业发展痛点难点，持续牵头搭建政企银保多方对接平台。"高新汇融"作为青岛高新区财政金融部重点打造的科技金融服务品牌， 以"汇聚金融力量、共创科技高新"为核心宗旨，紧扣"金融活水+科技成果+产业载体"主线，构建全方位、多层次的企业赋能生态。此次活动是金融 ...

（文章来源：证券日报） 证券日报网讯 11月28日，中能电气在互动平台回答投资者提问时表示，为保证所有投资者平等获悉公 司信息，根据信息披露公平原则，公司将在定期报告中披露相应时点的股东信息，请关注公司定期报 告。 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance [6]. Core Insights - The company has demonstrated strong revenue growth, achieving 1.35 billion RMB in revenue for the first three quarters of 2025, representing a year-over-year increase of 16.7%. Key product segments include frequency converters and servo systems, with respective revenues of 860 million RMB and 410 million RMB, showing growth rates of 16.7% and 10.9% [7]. - The company is expanding its presence in the humanoid robotics sector, launching several core components in collaboration with joint ventures. This includes high-performance motors and advanced robotic hands, which are designed for adaptability and efficiency [7]. - Future profit projections are optimistic, with expected net profits of 270 million RMB, 320 million RMB, and 390 million RMB for 2025, 2026, and 2027, respectively, reflecting year-over-year growth rates of 10.1%, 18.9%, and 20.3% [7]. Summary by Sections Company Overview - The company operates in the electrical equipment industry, with a current A-share price of 86.40 RMB and a target price of 99 RMB [1]. Recent Ratings - The company has consistently received "Buy" ratings in recent reports, with the latest rating issued on April 17, 2025 [2]. Product Portfolio - The product mix is heavily weighted towards frequency converters (64.1%) and servo systems (30.3%), with digital energy products making up 3.2% [2]. Financial Performance - The company reported a net profit of 191 million RMB in 2023, with projections for 2024 and 2025 at 245 million RMB and 270 million RMB, respectively [9]. - Revenue forecasts indicate a steady increase from 1.305 billion RMB in 2023 to 2.794 billion RMB by 2027 [11]. Cash Flow and Assets - The company is expected to generate positive cash flow from operating activities, with a projected net increase of 126 million RMB in 2025 [12]. - Total assets are projected to grow from 2.544 billion RMB in 2023 to 4.582 billion RMB by 2027 [13].

Group 1 - The core viewpoint of the article highlights the economic performance of state-owned enterprises (SOEs) in China, indicating a slight increase in total revenue but a decline in total profits, reflecting ongoing downward pressure on the economy [1] - From January to October, total revenue of SOEs grew by 0.9% year-on-year, while total profits decreased by 3.0%, with the profit decline accelerating by 1.4 percentage points compared to the previous nine months [1] - The tax payments by SOEs amounted to 48,729.2 billion yuan, representing a year-on-year increase of 0.5% [1] Group 2 - The State-owned Assets Supervision and Administration Commission (SASAC) is focusing on enhancing the functionality and efficiency of SOEs through mergers and avoiding redundant construction and disorderly competition [3] - Recent actions include the signing of key projects for specialized integration among central enterprises, aimed at improving resource allocation efficiency and promoting high-quality development [4] - The emphasis on strategic restructuring and specialized integration is seen as a key approach to align with national strategies and enhance the resilience and competitiveness of China's industrial chain [4][5]

Company Overview - Jinlihua Electric (SZ 300069) announced on November 28 that the company’s Vice General Manager and Board Secretary, Mr. Ma Sheng, submitted his resignation due to personal career planning. Following his resignation, he will no longer hold any position within the company [1] Financial Performance - For the year 2024, Jinlihua Electric's revenue composition is as follows: Insulators account for 86.12% and the cultural media industry accounts for 13.88% [1] - As of the report date, the market capitalization of Jinlihua Electric is 2.3 billion yuan [1]

中国西电（601179）(601179.SH)发布公告，2025年11月28日，国家电网有限公司电子商务平台发布 了"国家电网有限公司2025年第六十四批采购(特高压项目第四次设备招标采购)中标公告"。公司下属8 家子公司为相关中标人，总中标金额为29.7967亿元。 ...

Core Points - China Xidian (601179.SH) announced that eight of its subsidiaries won bids for the State Grid Corporation of China's 2025 sixth batch procurement, which includes high-voltage project equipment [2] - The total bid amount for the project is 2.97967 billion yuan, covering products such as converter transformers and AC transformers [2] - The execution of this project is expected to have a positive impact on the company's future operations, although formal contracts have not yet been signed, leading to uncertainties regarding contract terms and current performance impact [2]

Core Viewpoint - XJ Electric has won a bid for the State Grid Corporation of China's 2025 sixth batch procurement, specifically for ultra-high voltage project equipment, amounting to 1.518 billion yuan [1] Group 1 - The total amount of the bid won by XJ Electric is 1.518 billion yuan [1] - The products included in the bid are converter valves, direct current control protection systems, and measuring devices [1]