Group 1 - The company Tongrun Equipment (SZ 002150) held its 25th meeting of the 8th board of directors on October 23, 2025, via telecommunication, where it reviewed the proposal for the Q3 2025 report [1] - For the first half of 2025, the revenue composition of Tongrun Equipment was as follows: 61.65% from photovoltaic energy storage equipment and components manufacturing, 37.82% from the metal products industry, and 0.53% from other businesses [1] - As of the report date, Tongrun Equipment has a market capitalization of 6.7 billion yuan [1] Group 2 - A notable transaction involved a well-known brand spending 170 million yuan to acquire 2,000 shares of a target company with a registered capital of only 10,000 Hong Kong dollars, which has not yet commenced operations, raising questions about the necessity of the acquisition [1]

Group 1 - The core viewpoint of the article is that Tongrun Equipment (SZ 002150) held its 23rd meeting of the 8th Board of Directors on August 22, 2025, via communication, where it reviewed the proposal to amend the "Working Rules of the Board Audit Committee" [1] - For the first half of 2025, Tongrun Equipment's revenue composition was as follows: 61.65% from photovoltaic energy storage equipment and components manufacturing, 37.82% from the metal products industry, and 0.53% from other businesses [1] - As of the report date, Tongrun Equipment's market capitalization was 4.6 billion yuan [1]