每经AI快讯，白云电器（SH 603861，收盘价：11.37元）12月16日晚间发布公告称，为优化公司控股子 公司股权及资产结构，强化对控股子公司的战略管控与资源整合，提升运营决策效率，实现业务的协同 并促进其良性运营和可持续发展，公司于2025年12月15日召开第七届董事会第二十五次会议，审议通过 《关于收购控股子公司剩余少数股东股权并以债转股方式对其增资的议案》，同意公司以1500万元的交 易价格收购控股子公司浙江白云浙变电气设备有限公司少数股东卧龙控股集团有限公司持有的浙变电气 10%股权，并在公司对浙变电气全资控股后将所持浙变电气债权中的2.5亿元以债权转股权的方式对浙 变电气增资，其中1.5亿元计入注册资本，1亿元计入资本公积。本次增资完成后，浙变电气的注册资本 由3.5亿元增至5亿元，总资产不变，净资产将增至约1.89亿元，资产负债率将降至85.72%。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ （记者 曾健辉） 2024年1至12月份，白云电器的营业收入构成为：电气机械及器材制造行业占比99.02%，其他业务占比 0.98%。 截至发稿，白云电器市值 ...

每经AI快讯，白云电器（SH 603861，收盘价：11.37元）12月16日晚间发布公告称，公司第七届第二十 五次董事会会议于2025年12月15日以通讯表决的方式召开。会议审议了《关于收购控股子公司剩余少数 股东股权并以债转股方式对其增资的议案》等文件。 2024年1至12月份，白云电器的营业收入构成为：电气机械及器材制造行业占比99.02%，其他业务占比 0.98%。 截至发稿，白云电器市值为61亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ （记者 王晓波） ...

每经AI快讯，晨丰科技（SH 603685，收盘价：19.74元）12月14日晚间发布公告称，截至本公告披露 日，杭州宏沃自有资金投资有限公司持有浙江晨丰科技股份有限公司股份约1082万股，占公司总股本的 约4.31%。本公告发布之日起15个交易日后3个月内，通过集中竞价交易方式减持公司股份不超过约251 万股，即不超过公司股份总数的1%；通过大宗交易方式减持公司股份不超过约502万股，即不超过公司 股份总数的2%。减持价格根据市场价格确定。若减持期间公司有减资、送红股、资本公积转增股本、 增发新股或配股等除权除息事项，相关减持股份数量将进行相应调整。 2024年1至12月份，晨丰科技的营业收入构成为：电气机械及器材制造行业占比81.08%，电力和热力生 产和供应业占比13.07%，其他业务占比5.86%。 截至发稿，晨丰科技市值为50亿元。 每经头条（nbdtoutiao）——美股AI突变！OpenAI沦为"股价毒药"，硅谷八巨头一夜蒸发3.8万亿元市 值，专家：看好谷歌，其拥有两项致胜"法宝" （记者 曾健辉） ...

每经AI快讯，晨丰科技（SH 603685，收盘价：21.32元）12月1日晚间发布公告称，公司第四届2025年 第十次董事会临时会议于2025年12月1日在浙江省海宁市盐官镇园区四路10号公司会议室以现场结合通 讯表决方式召开。会议审议了《关于开立募集资金专用账户并授权签署募集资金三方监管协议的议案》 等文件。 2024年1至12月份，晨丰科技的营业收入构成为：电气机械及器材制造行业占比81.08%，电力和热力生 产和供应业占比13.07%，其他业务占比5.86%。 截至发稿，晨丰科技市值为43亿元。 每经头条（nbdtoutiao）——5年期大面积下线，3年期利率低至1.5%仍一单难求：要么"售罄"要么"额度 紧张"！中长期大额存单为何在消失？ （记者 王晓波） ...

序号股东名称持股比例1横琴八骏投资有限公司45%2中山市百川企业管理咨询有限公司30%3中山市志 霖企业管理咨询有限公司25% 来源：市场资讯 天眼查显示，近日，广东新志强电子有限公司成立，法定代表人为谢克楼，注册资本1688万人民币，横 琴八骏投资有限公司、中山市百川企业管理咨询有限公司、中山市志霖企业管理咨询有限公司持股。 企业名称广东新志强电子有限公司法定代表人谢克楼注册资本1688万人民币国标行业制造业>电气机械 和器材制造业>其他电气机械及器材制造地址江门市江海区金瓯路288号2栋5楼5017室（信息申报、一 址多照）企业类型其他有限责任公司营业期限2025-11-24至无固定期限登记机关江门市江海区市场监督 管理局 经营范围含电子元器件制造；电子元器件批发；电子元器件零售；电力电子元器件制造；电力电子元器 件销售；照明器具制造；照明器具销售；半导体照明器件制造；半导体照明器件销售；灯具销售；电子 产品销售；太阳能热利用产品销售；企业管理咨询。（除依法须经批准的项目外，凭营业执照依法自主 开展经营活动） ...

Group 1 - The company Baiyun Electric (SH 603861) announced on November 25 that its 24th meeting of the 7th board of directors was held via communication voting on November 24, 2025, to review the proposal regarding the acquisition of minority shareholders' equity in its controlling subsidiary [1] - For the year 2024, Baiyun Electric's revenue composition is as follows: 99.02% from the electrical machinery and equipment manufacturing industry, and 0.98% from other businesses [1] - As of the report date, Baiyun Electric has a market capitalization of 6.3 billion yuan [1] Group 2 - The company 688496 has been investigated by the China Securities Regulatory Commission (CSRC) after a significant loss exceeding 100 million yuan shortly after its IPO, attributed to its core product being heavily impacted as its largest customer has reduced procurement by opting for self-supply [1]

Company Overview - Baiyun Electric (SH 603861) announced on October 29 that its 23rd meeting of the 7th board of directors was held via communication voting on October 28, 2025, to review the proposal regarding the "2025 Q3 Report" [1] - As of the report, Baiyun Electric's market capitalization is 6.6 billion yuan [1] Revenue Composition - For the period from January to December 2024, Baiyun Electric's revenue composition is as follows: 99.02% from the electrical machinery and equipment manufacturing industry and 0.98% from other businesses [1]

Group 1 - The core point of the article is that Chenfeng Technology announced the extension of the validity period for the resolution of issuing shares to specific objects during its board meeting held on October 13, 2025 [1] - The company reported that its revenue composition for the year 2024 is as follows: 81.08% from the electrical machinery and equipment manufacturing industry, 13.07% from the electricity and heat production and supply industry, and 5.86% from other businesses [1] - As of the report date, Chenfeng Technology has a market capitalization of 3.2 billion yuan [1]

Core Viewpoint - The government has initiated comprehensive rectification of excessive competition across multiple industries since the second half of last year, aiming to promote the recovery of industrial product prices, restore industry profitability, and optimize industrial structure. In August, the PPI (Producer Price Index) showed signs of stabilization, but investment and commodity consumption have significantly slowed, indicating weak growth momentum in terminal demand [1][2]. Group 1: Supply-Side Dynamics - The current capacity governance emphasizes legal compliance and is characterized by a steady pace of capacity reduction, with a focus on exiting excess low-end outdated capacities in industries such as coal, steel, and photovoltaics. Policies are dense in these sectors, which directly influence the sustainability of price recovery [4][5]. - Approximately 60% of industries are currently at historical profit margins below the 40th percentile, indicating a need for improvement in asset turnover and overall revenue growth to enhance asset return rates [4][6]. - The PPI's fluctuation is significantly influenced by industries such as mining, non-ferrous and ferrous metal smelting, and chemical manufacturing, with notable price increases in coal and water supply sectors [3][4]. Group 2: Demand-Side Challenges - Economic momentum weakened in August, and the effectiveness of stimulus policies on consumer goods is uncertain, particularly as the replacement cycle for durable goods is long, which may diminish the impact of such policies [5][6]. - Real estate and infrastructure investments remain crucial for growth, but both sectors have shown negative year-on-year changes, with real estate down by 12.9% and infrastructure up by only 5.4% in the first eight months of the year [6][8]. - The recovery in the real estate market is expected to take time, and the effectiveness of existing PPP projects and new financial tools will be critical for stabilizing infrastructure investment in the fourth quarter [6][8]. Group 3: Price Transmission and Industry Specifics - The price transmission from upstream to downstream industries is contingent on terminal demand conditions, with structural demand in specific sectors like steel and photovoltaics showing potential for marginal recovery [5][9]. - The analysis of price transmission in the black building materials chain indicates significant price declines in raw materials, while the photovoltaic sector has experienced varied price movements, reflecting the complexities of market dynamics [9][10].

Group 1 - Baiyun Electric (SH 603861) announced on September 22 that it has been recommended as a winning candidate for nine sub-projects in the State Grid Corporation of China's 2025 procurement, with a total bid amount of approximately 162 million yuan [1] - For the year 2024, Baiyun Electric's revenue composition is as follows: 99.02% from the electrical machinery and equipment manufacturing industry, and 0.98% from other businesses [1] - As of the report date, Baiyun Electric has a market capitalization of 5.8 billion yuan [1]