格隆汇12月31日丨浙江沪杭甬(00576.HK)公告，于2025年12月31日，公司与目标公司浙江交投中碳环境 科技有限公司及商业集团(浙江省商业集团有限公司)签订注资协议，注资人民币2.26亿元以收购目标公 司经扩大注册资本之11.6733%股权。于注资协议完成后，公司将持有目标公司11.6733%股权，目标公 司不会成为公司的附属公司。 本次注资紧密契合国家战略，通过将清洁能源解决方案融入交通场景，直接培育新的绿色增长动能，进 而加速公司的绿色低碳转型，并提升其ESG表现及政策响应力。在交通集团的支持下，凭藉已验证的项 目管道、场景交通以及自有和合作模式的平衡组合，目标公司具有清晰的增长可见度、弹性的现金流特 点以及在执行、数字化运营和风险控制方面的优势。透过本次注资，集团亦预期将透过探索绿色能源资 产、增长前景及投资者认可度，强化其资本市场策略。 订立注资协议将使集团能够立即进入并快速布局高增长的绿色能源领域，通过弹性的现金流入使集团收 益多元化，并与现有交通资产产生营运协同效应，从而增强长期价值创造。 目标公司为商业集团之全资附属公司，主要从事数字化综合能源管理及新能源资产投资和营运、分布式 光伏、 ...

Core Viewpoint - Aote Xun is a leading company in the domestic power automation power supply sector, with a comprehensive industry chain advantage, focusing on power automation power supply, electric vehicle charging, and power quality management [1] Group 1: Business Performance - In Q3 2025, Aote Xun's revenue was 184 million yuan, ranking 23rd among 25 companies in the industry, while the top company, China Power, reported 40.971 billion yuan [2] - The net profit for Aote Xun was -51.81 million yuan, ranking 22nd in the industry, with the leading company, China Power, achieving 2.502 billion yuan [2] Group 2: Financial Ratios - Aote Xun's debt-to-asset ratio was 36.65% in Q3 2025, slightly up from 36.63% year-on-year, which is lower than the industry average of 42.24%, indicating good solvency [3] - The gross profit margin for Aote Xun was 21.18% in Q3 2025, down from 26.27% year-on-year, and below the industry average of 25.60%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - The chairman, Liao Xiaoxia, received a salary of 601,800 yuan in 2024, a decrease of 398,200 yuan from 1 million yuan in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Aote Xun was 29,500, a decrease of 1.65% from the previous period, while the average number of circulating A-shares held per account increased by 1.68% to 8,341.65 [5]