Core Viewpoint - Zhejiang Chunfeng Power Co., Ltd. has received approval from the Shanghai Stock Exchange Listing Review Committee for its application to issue convertible bonds to unspecified objects, pending final approval from the China Securities Regulatory Commission [1][2]. Group 1 - The Shanghai Stock Exchange Listing Review Committee held its 56th meeting on November 19, 2025, and reviewed the company's application for issuing convertible bonds [1]. - The committee concluded that the application meets the conditions for issuance, listing, and information disclosure [1]. - The company’s board of directors guarantees that the announcement contains no false records, misleading statements, or significant omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [1]. Group 2 - The issuance of convertible bonds is subject to approval from the China Securities Regulatory Commission, and the timing of this approval remains uncertain [1]. - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations as the matter progresses [1].

Core Points - The company, Chunfeng Power, announced that the Shanghai Stock Exchange's Listing Review Committee held a meeting on November 19, 2025, to review its application for issuing convertible bonds to unspecified investors [2] - The review concluded that the application meets the conditions for issuance, listing, and information disclosure requirements [2] - The issuance is subject to approval from the China Securities Regulatory Commission (CSRC), and there is uncertainty regarding whether and when this approval will be granted [2]

证券代码：603129 证券简称：春风动力 公告编号：2025-084 浙江春风动力股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海证券交易所上市审核委员会于 2025 年 11 月 19 日召开 2025 年第 56 次 审议会议，对浙江春风动力股份有限公司（以下简称"公司"）向不特定对象发 行可转换公司债券的申请进行了审议。根据会议审议结果，公司本次向不特定对 象发行可转换公司债券的申请符合发行条件、上市条件和信息披露要求。 公司本次向不特定对象发行可转换公司债券事项尚需获得中国证券监督管 理委员会（以下简称"中国证监会"）作出同意注册的决定后方可实施。本次发 行最终能否获得中国证监会同意注册的决定及其时间尚存在不确定性。公司将根 据该事项的进展情况，严格按照有关法律法规的规定和要求及时履行信息披露义 务。敬请广大投资者注意投资风险，理性投资。 特此公告。 浙江春风动力股份有限公司 董事会 2025 年 11 月 20 日 关于向不特定对象发行可转换公司债券申请获得 上海证券交易所上市审核委员会审核通过的 ...

Core Viewpoint - The Shanghai Stock Exchange's Listing Review Committee approved the application of Zhejiang Chunfeng Power Co., Ltd. for issuing convertible bonds to unspecified objects, pending approval from the China Securities Regulatory Commission [1] Group 1 - The review meeting was held on November 19, 2025, and it was the 56th meeting of the year [1] - The application meets the conditions for issuance, listing, and information disclosure requirements [1] - The final approval from the China Securities Regulatory Commission is still uncertain regarding the timing and outcome [1]

Core Viewpoint - The company has received approval from the Shanghai Stock Exchange's listing review committee for its application to issue convertible bonds to unspecified investors, pending final approval from the China Securities Regulatory Commission [1] Group 1 - The issuance of convertible bonds is deemed to meet the requirements for issuance, listing, and information disclosure by the review committee [1] - The final approval and timing of the bond issuance remain uncertain, as it is subject to registration consent from the China Securities Regulatory Commission [1] - The company will disclose progress in accordance with regulations and reminds investors to be aware of risks [1]

Core Insights - The motorcycle and other sectors experienced a rise of 2.28% on November 19, with Chuanfeng Power leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Sector Performance - Chuanfeng Power (603129) saw a closing price of 253.73, with a significant increase of 10.00% and a trading volume of 27,200 lots, amounting to 669 million yuan [1] - Longxin General (603766) closed at 13.40, up 6.43%, with a trading volume of 461,200 lots and a turnover of 611 million yuan [1] - Taotao Vehicle (301345) closed at 209.00, increasing by 3.14%, with a trading volume of 12,300 lots and a turnover of 256 million yuan [1] - Aima Technology (603529) closed at 31.68, up 1.08%, with a trading volume of 160,100 lots and a turnover of 190 million yuan [1] Capital Flow Analysis - The motorcycle and other sectors experienced a net outflow of 14.44 million yuan from main funds, while retail funds saw a net inflow of 21.75 million yuan [2] - The main funds showed a net inflow of 82.48 million yuan for Chuanfeng Power, while retail funds had a net outflow of 48.41 million yuan [3] - Taotao Vehicle had a net inflow of 33.16 million yuan from main funds, with a net outflow of 13.24 million yuan from retail funds [3]

Group 1 - The A500 index (000510) has shown a slight increase of 0.26% as of November 19, 2025, with notable gainers including Aerospace Development (000547) up 10.01% and Spring Wind Power (603129) up 8.14% [1] - The A500 ETF fund (512050) has experienced a trading volume of 12.23 billion yuan with a turnover rate of 6.34%, and its average daily trading volume over the past month is 51.22 billion yuan [1] - The A500 ETF fund has seen a net inflow of 24.31 million yuan recently, with a total of 206 million yuan net inflow over the past five trading days, averaging 4.12 million yuan per day [1] Group 2 - Dongguan Securities suggests that profit-taking may lead to short-term volatility in the A-share market, but the long-term upward trend is expected to continue [2] - Debon Securities believes that despite short-term adjustments, the medium to long-term bull market pattern will persist, emphasizing the importance of policy support for economic data [2] - The A500 index includes 500 securities selected from various industries based on market capitalization and liquidity, reflecting the overall performance of representative listed companies [2] Group 3 - The A500 ETF fund (512050) has several related funds, including the 华夏中证A500ETF联接 A (022430), C (022431), Y (022979), and the 华夏中证A500指数增强 A (023619), C (023620) [3]

Core Viewpoint - Zhejiang Chunfeng Power Co., Ltd. announced a significant reduction in shareholding by its controlling shareholder Chunfeng Holdings Group Co., Ltd. and its concerted actors, which has triggered a change in equity that touches the 5% threshold [3][4][6]. Group 1: Shareholding Changes - Chunfeng Holdings and its concerted actors reduced their total shareholding from 41.81% to 40.85% after selling 1,463,000 shares between November 4 and November 7, 2025 [3]. - A subsequent reduction occurred from November 10 to November 18, 2025, where an additional 1,293,462 shares were sold, bringing the total shareholding down to 40.00% [4][23]. Group 2: Background Information - Before the reduction, Chunfeng Holdings held 45,000,808 shares (29.49%), while its concerted actor Chongqing Chunfeng held 12,661,734 shares (8.30%), and other actors held smaller percentages [8]. - The reduction was part of a previously disclosed plan to sell shares, which was announced on September 19, 2025 [6][9]. Group 3: Compliance and Impact - The shareholding changes comply with the previously disclosed reduction plan and will not lead to a change in the controlling shareholder or significant impact on the company's governance structure [6][9]. - The company confirmed that the reduction does not trigger mandatory tender offer requirements under relevant laws and regulations [6].

据天眼查APP显示，浙江春风动力股份有限公司成立于2003年12月09日，注册资本15257.7663万人民 币。（数据宝） 11月18日春风动力大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 3.00 | 643.53 | 214.51 | -7.00 | 机构专用 | 浙商证券股份有限公司杭 | | | | | | | 州余之城证券营业部 | | 2.10 | 450.47 | 214.51 | -7.00 | 国都证券股份有限公司江苏 | 浙商证券股份有限公司杭 | | | | | | 分公司 | 州余之城证券营业部 | | 2.10 | 450.47 | 214.51 | -7.00 | 华泰证券股份有限公司南京 | 浙商证券股份有限公司杭 | | | | | | 文澜路证券营业部 | 州余之城证券营业部 | | 2.10 | 450.47 | 214.51 | ...

证券代码：603129 证券简称：春风动力 公告编号：2025-081 浙江春风动力股份有限公司 关于控股股东及其一致行动人权益变动触及 5%刻度 的提示性公告 控股股东春风控股集团有限公司及其一致行动人重庆春风投资有限公司、林阿 锡、赖雪花保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 3.一致行动人信息 一致行动人名称 投资者身份 统一社会信用代码 赖金法 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 全益平 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 赖民杰 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 赖冬花 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 二、 权益变动触及 5%刻度的基本情况 | 权益变动方向 | 比 ...