证券代码：300423 证券简称：昇辉科技 公告编号：2026-002 昇辉智能科技股份有限公司 关于发行股份购买资产并募集配套资金 暨关联交易事项的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 重要风险提示： 一、本次交易概述 公司拟通过发行股份方式购买赫普绿色储能技术（北京）有限公司、赫普蓝 天节能技术服务（北京）有限公司、赫普阳光新能源技术服务（北京）有限公司、 赫普智慧（景宁）能源技术开发有限公司、西子清洁能源装备制造股份有限公司 合计持有赫普能源环境科技股份有限公司 85%的股权，并拟向不超过 35 名符合 条件的特定投资者发行股份募集配套资金（以下简称"本次交易"）。本次交易 预计构成关联交易、重大资产重组，但不构成重组上市。 二、本次交易的历史信息披露情况 1、公司因筹划本次交易事项，经向深圳证券交易所申请，公司股票（证券 简称：昇辉科技，证券代码：300423）自 2025 年 4 月 15 日（星期二）开市起停 牌，停牌时间不超过 10 个交易日，具体内容详见公司于 2025 年 4 月 15 日披露 的《昇辉智能科技股份有限公司 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment sector [6] Core Insights - The report highlights new opportunities in the photovoltaic industry driven by space solar power initiatives and rising prices of battery components [1][17] - It emphasizes the importance of supply-side reforms and technological advancements in creating long-term growth opportunities within the industry [1][19] - The report identifies key companies to watch in various segments, including supply chain price increases, new technology growth, and perovskite solar cell developments [1][19][21] Summary by Sections Photovoltaics - The price of multi-crystalline silicon n-type raw materials remains stable, with an average transaction price of 59,200 RMB per ton [17] - N-type battery cell prices have increased to 0.42 RMB per watt, with a price range of 0.40-0.43 RMB per watt [17] - The report notes that rising silver prices have led to increased component costs, with distributed component prices now ranging from 0.70 to 0.80 RMB per watt [17] - SpaceX and Tesla plan to achieve a combined solar manufacturing capacity of 200GW annually in the U.S. within three years, with 40GW dedicated to space solar power [1][18] - Key companies to focus on include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar for supply-side reform opportunities [1][19] Wind Power & Grid - The Netherlands will launch a 1GW offshore wind project tender in September 2026, with a subsidy budget of approximately 32.45 billion RMB [19][20] - Turkey plans to initiate its first offshore wind tender by the end of 2026, aiming for 5GW of installed capacity by 2035 [19][20] - Southern Power Grid has set a fixed asset investment of 180 billion RMB for 2026, focusing on new power system construction and strategic emerging industries [20] - Companies to watch include Goldwind, Yunda, Mingyang Smart Energy, and Sany Heavy Energy in the wind turbine sector [20] Hydrogen Energy - A ceremony for the operation of 300 hydrogen fuel heavy trucks was recently held, showcasing advancements in hydrogen energy technology [3][21] - The trucks are equipped with a 130kW fuel cell system and can achieve a range of over 600 kilometers [3][21] - Key companies in this sector include Shuangliang Energy, Huadian Heavy Industry, and Shenghui Technology [3][21] Energy Storage - The report forecasts that new energy storage installations in China will reach 58.6GW/175.3GWh in 2025, a year-on-year increase of 38%/60% [4][22] - The average bid price for 2-hour energy storage systems is projected to be 0.55 RMB/Wh in 2025, down 16.9% from 2024 [4][22] - Companies to focus on include Sungrow Power, Canadian Solar, and Kehua Data for large-scale energy storage opportunities [4][22] New Energy Vehicles - CATL launched the "Tianxing II" series solutions for light commercial vehicles, including the industry's first intelligent battery management application [5][27] - The solutions cater to various scenarios, including high-frequency urban distribution and extreme temperature conditions [5][27] - Key companies in the battery sector include CATL, Penghui Energy, and Guoxuan High-Tech [5][29]

Group 1 - The core point of the article is that Shenghui Technology has successfully won a significant procurement project for electrical equipment related to the power supply capacity enhancement at the Lianshan Port area of Shandong Port Rizhao Port, amounting to a multi-million order [1]

证券日报网讯1月20日，昇辉科技（300423）在互动平台回答投资者提问时表示，公司业务中涉及的 MVnex空气绝缘开关柜为施耐德电气授权产品，其技术设计与品牌归属均属于施耐德。该产品采用高 性能HVX固封式真空断路器，具备参数覆盖广、接线方案丰富、可靠性高等特点，适用于对配电稳定 性和安全性要求较高的场合，如数据中心、港口等领域。公司基于授权合作，根据客户需求提供相应产 品与解决方案。 ...

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

Group 1 - The stock price of Shenghui Technology (300423) closed at 8.38 yuan on December 31, 2025, down 6.37% from 8.95 yuan the previous week, with a market cap of 4.169 billion yuan [1] - The company is ranked 91st out of 123 in the power grid equipment sector and 3831st out of 5181 in the A-share market [1] Group 2 - Shenghui Technology plans to acquire 85% of Hep Energy Environmental Technology Co., Ltd. through a share issuance and raise supporting funds, constituting a major asset restructuring and related party transaction [2] - As of December 30, 2025, the audit, evaluation, and due diligence of the target assets are still in progress, with no significant issues found that would halt or change the transaction [2] - The transaction requires approval from the board of directors, the shareholders' meeting, and review by the Shenzhen Stock Exchange and registration with the CSRC [2] Group 3 - On December 30, 2025, the company held a staff representative meeting to elect Zhang Xiaoyan as the employee representative director of the fifth board of directors [3] - Director Liu Shanshi resigned from his position due to adjustments in the company's governance structure and will not hold any position after leaving [3] - Vice President Cui Jing resigned from her role but will continue to serve as a director [3]

证券代码：300423 证券简称：昇辉科技 公告编号：2025-051 昇辉智能科技股份有限公司 关于公司董事、副总经理离任暨选举职工董事的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 昇辉智能科技股份有限公司（以下简称"公司"）于 2025 年 9 月 17 日召开 2025 年第一次临时股东会，审议通过《关于修订<公司章程>并办理工商变更登 记的议案》，于 2025 年 12 月 30 日召开职工代表大会，选举张晓艳女士为公司 第五届董事会职工代表董事。同时根据《中华人民共和国公司法》《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律法规、 规范性文件及《公司章程》的相关规定，结合公司治理结构调整安排，公司董事 刘善仕先生申请辞去董事职务，崔静女士申请辞去副总经理职务，具体变动情况 如下： 一、董事、高级管理人员离任情况 （一）提前离任的基本情况 （二）离任对公司的影响 公司董事会于近日收到董事刘善仕先生及副总经理崔静女士提交的书面辞 职申请。为全面贯彻落实最新法律法规要求，根据公司治理结构调整安排， ...

证券代码：300423 证券简称：昇辉科技 公告编号：2025-052 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 重要风险提示： 1、昇辉智能科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日披 露的《昇辉智能科技股份有限公司发行股份购买资产并募集配套资金暨关联交易 预案》（以下简称"重组预案"）及其摘要中已对本次交易涉及的有关风险因素及 尚需履行的审批程序进行了详细说明，提请广大投资者关注后续进展公告并注意 投资风险。 2、截至本公告披露日，除重组预案中披露的有关风险因素外，公司尚未发 现可能导致公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作 出实质性变更的相关事项，本次交易相关工作正在全力、有序推进中。公司将根 据相关事项的进展情况，及时履行信息披露义务。 3、根据《上市公司重大资产重组管理办法》及《深圳证券交易所上市公司 自律监管指引第 8 号——重大资产重组》的有关规定，公司将根据本次交易进展 情况及时履行信息披露义务，在披露本次交易预案后但尚未发出审议本次交易相 关事项的股东会通知前，每三十日发布一次本次交易的 ...

Group 1 - The core focus of the company is on the development and operation of fuel cells and hydrogen energy, which is a key part of its strategic transformation towards renewable energy [2] - The company has successfully delivered hydrogen production equipment to the market through its subsidiary, Shengqiang [2] - The company’s subsidiary, Shenghui New Energy, has won the bid for the "Photovoltaic Hydrogen Oil" integrated energy mother station project, indicating progress in its hydrogen energy operations [2]

Core Viewpoint - The company is focusing on the strategic transformation towards the renewable energy sector, particularly in hydrogen energy [1] Group 1: Business Focus - The company's renewable energy business is a key area of strategic transformation, primarily concentrating on the hydrogen energy field [1] - The business encompasses the production and manufacturing of upstream hydrogen production equipment as well as the operation of downstream hydrogen energy vehicles [1] Group 2: Achievements - The subsidiary Shengqiang has achieved market delivery of hydrogen production equipment [1] - The subsidiary Shenghui New Energy has successfully won the bid for the "Photovoltaic Hydrogen Oil" comprehensive energy mother station project [1]