经济观察网双杰电气（300444）近期资产盘活与股权转换完成，业绩预告亮眼，同时有董事减持计划， 业务布局与订单进展顺利，股价与资金流向出现波动。 公司状况 公告显示，公司董事许专计划减持不超过378.95万股，减持原因为个人资金需求，减持期间为公告发布 后15个交易日起的3个月内。 业务进展情况 根据报道，佛塑科技（000973）发行股份及支付现金购买河北金力100%股份的交易已于近日正式实施 完成，标的资产已完成工商变更。双杰电气及其控股子公司北京杰新园此前合计持有河北金力3.86%的 股份，交易完成后转换为持有佛塑科技4628.93万股。以佛塑科技2月12日收盘价13.18元/股计算，双杰 电气持股当前市值约6.1亿元，较发行价3.81元/股实现账面浮盈约4.34亿元，预计对公司2026年一季度 及之后业绩产生积极影响。 最近业绩情况 双杰电气于2026年1月30日披露业绩预告，预计2025年归母净利润为1.7亿元至2亿元，同比增长110.29% 至147.4%，主要受非经常性损益驱动。剔除非经常性损益后，净利润同比有所下降，主要因限制性股 票摊销费用及新增产能折旧增加。 高管减持 近期股价波动显著：2 ...

Group 1 - The A-share market saw a collective rebound on February 12, with the electric grid equipment sector experiencing a strong surge, particularly the electric grid equipment ETF (159326), which rose by 3.81% and achieved a transaction volume of 984 million yuan [1] - The electric grid equipment ETF (159326) is the only ETF tracking the China Securities Electric Grid Equipment Index, with over 78% of its holdings in electric grid equipment, making it the purest electric grid index in the market. Its scale has rapidly grown to 17.113 billion yuan, the largest among electric grid-related ETFs [1] - High-level meetings emphasized the need for state-owned enterprises to actively expand effective investment in computing power and promote the synergy between "computing power + electricity," which is expected to drive upgrades in electricity infrastructure [1] Group 2 - The global investment in electric grids is expected to continue growing to address the increasing share of wind and solar power, with a significant rise in demand for grid equipment due to the rapid growth of the wind and photovoltaic industries [2] - In developed economies, over 20% of electric grid equipment is over 20 years old, indicating a pressing need for upgrades. Domestic electric grid equipment companies are likely to benefit from the increased investment in electric grids, while overseas export business is expected to remain stable [2] Group 3 - The electric grid equipment ETF (159326) has a high weighting of 90% in smart grid and 67% in ultra-high voltage, both of which are the highest in the market [3] - The green electricity ETF (562550) is the largest in its index, packaging leading companies in the electricity sector, including clean energy firms and traditional energy sources [3] - The public utility ETF (159301) is the largest public utility-themed ETF in the market, with a 90.8% weighting in the electricity sector, characterized by high dividends and stable growth attributes [3]

Group 1 - The electric grid equipment sector opened lower, with Hangzhou Electric Co. hitting the daily limit down [1] - Shun Sodium Co., Tongguang Cable, Shuangjie Electric, and Senyuan Electric also opened lower [1]

Core Viewpoint - Several shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership and investor sentiment in the market [1] Shareholder Reductions - Xuelang Environment's shareholders Yang Jianping and Xu Huifen plan to reduce their holdings by no more than 3% [1] - Dajia Weikang's actual controller's concerted actors also intend to reduce their stakes by no more than 3% [1] - Zhongfutong's shareholders, including Changde Zhongke, Zhejiang Zhongke, and Jinjiang Ronglei, plan to collectively reduce their holdings by no more than 0.68% [1] - Huitong Technology's directors Zhong Ming and Yang Jian plan to reduce their stakes by no more than 1.64% [1] - Shuangjie Electric's director Xu Zhuan intends to reduce his holdings by no more than 378.9 thousand shares [1] - Hu Silicon Industry's shareholder investment fund plans to reduce its holdings by no more than 99.15 million shares [1] - Zhongji United's director and senior vice president Ma Dongsheng plans to reduce his holdings by no more than approximately 110 thousand shares [1] - Lushan New Materials' shareholders Lushan Information and Wang Jiasheng plan to collectively reduce their stakes by no more than 3% [1] - Zhidi Technology's Zhikong Investment plans to reduce its holdings by no more than 24.18 thousand shares [1] - Yinxin Technology's directors and senior management plan to collectively reduce their holdings by no more than 242.7 thousand shares [1] - Huizhi Micro's shareholder Great Fund Phase II plans to reduce its holdings by 0.57542% [1] - Jingda Shares' shareholder Li Guangrong and concerted actors have already collectively reduced their holdings by 64.3 million shares [1] - Huashu High-tech's shareholder Xingwang Construction has reduced its holdings by 236.81 thousand shares [1] Regulatory Actions - Tiansheng New Materials is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure [1] - Yahui Long is also under investigation by the CSRC for suspected violations of information disclosure [1]

Summary of Key Points Core Viewpoint - On February 6, 14 A-share listed companies disclosed plans for share reductions, with no companies announcing share increases on the same day [1][3]. Group 1: Companies Disclosing Share Reductions - Tianan New Materials: Shareholders Liang Kaihong and Tianyao Group plan to reduce their holdings [2][4]. - Zhongfutong: Shareholders plan to reduce a total of up to 0.68% of shares [2][4]. - Zhidi Technology: Shareholder Zhikong Investment intends to reduce up to 0.30% of shares [2][4]. - Yinhui Technology: Directors and executives plan to reduce a total of up to 0.51% of shares [2][4]. - Dalian Electric Porcelain: Vice General Manager Miao Shi and executives plan to reduce their holdings [2][4]. - Xuelang Environment: Shareholders Yang Jianping and Xu Huifen plan to reduce a total of up to 3% of shares [2][4]. - Perfect World: Actual controller Chi Yufeng reduced 32.9793 million shares [2][4]. - Huitong Technology: Directors Zhong Ming and Yang Jian plan to reduce a total of up to 1.64% of shares [2][4]. - Shuangjie Electric: Director Xu Zhuan plans to reduce up to 0.47% of shares [2][4]. - Dajia Weikang: One of the actual controllers plans to reduce up to 3% of shares [2][4]. - Hu Silicon Industry: The second largest shareholder, the National Big Fund, plans to reduce up to 3% of shares [2][4]. - Lushan New Materials: Controlling shareholders and concerted actors plan to reduce a total of up to 3% of shares [2][4]. - Zhongji United: Directors and executives, including Wang Xijun, plan to reduce a total of up to 0.91% of shares [2][4]. - Sanfu Shares: Shareholder Yuanheng Technology plans to reduce a total of up to 3% of shares [2][4].

Group 1 - The company, Shuangjie Electric (300444.SZ), announced that director Mr. Xu Zhuan plans to reduce his shareholding by a maximum of 3.789 million shares, which accounts for 0.47% of the company's total share capital [1]

Group 1 - The company Shuangjie Electric announced a share reduction plan by its director, Xu Zhuan, who holds approximately 15.16 million shares, representing 1.9% of the total share capital [1] - Xu plans to reduce his holdings by up to 3.79 million shares, which accounts for 0.47% of the total share capital, through centralized bidding and block trading within three months after the announcement [1] Group 2 - A central bank, which has been the largest buyer of gold for two consecutive years, announced plans to purchase an additional 150 tons of gold, aiming to accumulate a total of 700 tons [2]

Core Viewpoint - The announcement indicates that the director Xu Zhuan of Shuangjie Electric plans to reduce his shareholding due to personal financial needs, which may impact investor sentiment and the stock price in the short term [1] Group 1: Shareholding Details - Director Xu Zhuan holds 15.1579 million shares, accounting for 1.90% of the company [1] - Xu plans to reduce his holdings by up to 3.7895 million shares, representing 0.47% of the total share capital [1] Group 2: Reduction Plan - The reduction will occur within three months, starting from 15 trading days after the announcement [1] - The shares will be sold through centralized bidding and block trading methods [1]

证券代码：300444 证券简称：双杰电气 公告编号：2026-005 北京双杰电气股份有限公司 关于公司董事股份减持计划预披露的公告 公司董事、股东许专先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 持有北京双杰电气股份有限公司（以下简称"公司"）股份15,157,853股（占 公司总股本比例为1.90%）的董事许专先生计划于本公告发布之日起15个交易日 后的3个月内以集中竞价、大宗交易方式合计减持公司股份不超过3,789,463股 （占公司总股本比例为0.47%）。 公司于近日收到董事、特定股东许专先生出具的《股东计划买卖本公司股票 告知函》，现将有关情况公告如下： （一）股东名称：许专 （二）股东持股情况：截至本公告披露日，许专先生持有公司股份15,157,853 股，占公司总股本的1.90%。 二、本次减持计划的主要内容 （一）减持的原因：个人资金需求； （二）股份来源：公司首次公开发行前已发行的股份（包括首次公开发行股 票后认购的配股及资本公积金转增的股本）； （三）减持数量及比 ...

证券研究报告 公司研究 / 首次覆盖 2026 年 02 月 06 日 新能源业务快速增长，变压器出海空间 广阔 电力设备 报告原因： | 买入（首次评级） | | | --- | --- | | 市场数据： 2026 | 年 02 月 05 日 | | 收盘价（元） | 14.81 | | 一年内最高/最低（元） | 15.85/5.86 | | 市净率 | 6.6 | | 股息率（分红/股价） | - | | 上证指数/深证成指 | 4,076/13,953 | | | | | | --- | --- | --- | --- | --- | --- | | 注："股息率"以最近一年已公布分红计算 | | | | | | | 基础数据： | 2025 30 | 年 | 09 | 月 | 日 | | 每股净资产（元） | | | | | 2.2 | | 每股净资产（元） | | | 2.2 | | --- | --- | --- | --- | | 资产负债率% | | | 78.16 | | 总股本/流通 | | A 股（百万） | 799/621 | | 流通 B | 股/H | 股（百万） | -/- ...