Core Viewpoints - The mechanical industry is expected to embrace "technology + going global" as its dual main lines in 2026, focusing on high elasticity growth opportunities and performance certainty from overseas expansion [13][9][7] 2025 Review Market Performance - In 2025, the mechanical sector achieved a 41% increase, significantly outperforming the CSI 300 index, which rose by 18%, ranking fifth among A-share sub-industries [6][16] - The sub-sectors that performed well included PCB equipment (+252%), 3C equipment (+129%), controllable nuclear fusion (+119%), data centers (+112%), and humanoid robots (+85%) [20][6] Demand Side - Domestic demand showed signs of bottoming out, with a marginal improvement towards the end of 2025, while external demand began to recover positively [31][35] - The manufacturing PMI in December 2025 rebounded to 50.1, indicating a return to expansion territory, driven by large enterprises and high-tech manufacturing [32][35] Cost Side - The cost structure showed a continuous improvement trend, with PPI declining by 2.6% year-on-year in 2025, reflecting insufficient industrial demand [31][33] 2026 Outlook Macro Perspective - The macro narrative for the next five years is centered around "AI commercialization + global re-industrialization," with expectations of a cyclical recovery driven by proactive fiscal policies [6][7] Mid-level Perspective - Technology - The technology sector is expected to see explosive growth, with key areas including data centers, PCB equipment, semiconductor equipment, humanoid robots, and commercial aerospace [7][9] Mid-level Perspective - Going Global - The overseas production capacity is anticipated to enter a release phase in 2026, with significant revenue and profit growth expected for companies in the machinery and equipment sectors [7][8] Investment Recommendations - Investment strategies should focus on high-certainty directions with strong industry trends and competitive advantages, prioritizing stock selection based on industry trends, competitive positioning, and valuation [7][8] - Long-term investments should consider companies with platform capabilities that offer sustainable value [7][8]

Group 1 - The Xinhua 500 Index (989001) closed at 5266.19 points on February 13, with a decline of 1.28% [1] - The index experienced fluctuations, reaching a high of 5316.72 points and a low of 5263.41 points during the trading session [3] - The total trading volume of constituent stocks for the day was reported at 662.6 billion yuan [3] Group 2 - Among the constituent stocks, Hangfa Power reached the daily limit increase, while Hangfa Control and Enjie shares also saw significant gains [3] - Conversely, Zhongyuan Marine Energy led the decline with a drop of 9.50%, followed by Maiwei Shares and Hengtong Optic-Electric, which also experienced notable decreases [3]

Group 1 - The photovoltaic concept stocks have declined, with Maiwei Co., Ltd. dropping over 7%, and Sunshine Power, TCL Zhonghuan, and Jiejia Weichuang falling over 3% [1] - Related photovoltaic ETFs have also decreased by more than 2% [1] Group 2 - Specific ETF performance includes: - Guotai Photovoltaic ETF at 0.715, down 2.59% - Photovoltaic ETF Index Fund at 0.869, down 2.58% - Photovoltaic ETF at 1.098, down 2.66% - Other ETFs also show similar declines ranging from 2.21% to 2.66% [2] Group 3 - Some brokerages indicate that the current valuation of the photovoltaic industry remains historically low [2] - Future prospects include measures to address product sales prices, mergers and acquisitions among companies, increased industry entry barriers, and improved product quality standards, which are expected to be implemented [2] - The competitive landscape and industrial chain ecology of the photovoltaic industry are anticipated to optimize, presenting opportunities for valuation recovery [2]

Core Viewpoint - The company announced the convening of its third board meeting on February 12, 2026, to discuss the election of the fourth board of directors, including both non-independent and independent director candidates [1] Group 1: Board Election - The board proposed the election of non-independent directors Zhou Jian, Wang Zhenggen, and Liu Qiong for the fourth board of directors [1] - The board also nominated Liu Yuehua, Zhao Xu, and Yuan Ningyi as candidates for independent directors for the fourth board [1] - The term for the newly elected board members will last for three years, starting from the date of approval at the company's first extraordinary general meeting in 2026 [1]

Core Viewpoint - The article highlights the strong performance of stocks in the power equipment sector, particularly those benefiting from policy support and technological advancements, with a focus on battery, photovoltaic, and grid equipment industries [3][4]. Group 1: Fund Allocation Trends - Public funds have significantly increased their holdings in the power equipment sector, particularly in batteries, photovoltaics, and grid equipment, with 13 stocks seeing a rise in fund ownership by over 1 percentage point in Q4 [8]. - The most notable increase in fund holdings was observed in Tianhua New Energy (300390.SZ), where the number of funds increased from 5 to 109, and the holding ratio rose from 3.31% to 9% [10]. - Other key stocks in the battery sector that received increased attention include Penghui Energy (300438.SZ), which saw a 4 percentage point increase in fund holdings, and its stock price rose over 30% in Q4 [16]. Group 2: Performance of Key Stocks - Tianhua New Energy's stock price surged nearly 120% in Q4, driven by a significant investment from CATL, which acquired a 26 billion yuan stake, marking a deepening partnership with a core customer [10]. - Penghui Energy is expected to report a net profit of 170 million to 230 million yuan for the full year, a significant turnaround from a loss of 252 million yuan the previous year [12][13]. - Other notable stocks include Tianji Co. (002759.SZ), which is projected to turn profitable in 2025, and has seen a significant increase in fund interest [23][22]. Group 3: Sector Insights - The article emphasizes that the battery sector remains a focal point for institutional investment, with a notable shift towards upstream materials as prices for lithium carbonate and hexafluorophosphate have shown an upward trend [23]. - In the photovoltaic equipment sector, Maimai Co. (300751.SZ) has been highlighted for its significant fund inflow, with a holding ratio increase of 4 percentage points, benefiting from the growing interest in space photovoltaic technology [32]. - The grid equipment sector has also attracted attention, with Jinpan Technology and Sifang Co. being favored by institutional investors, although the increase in holdings was less pronounced compared to battery-related stocks [25].

Group 1 - The company, Maiwei Co., announced that its third board meeting was held on February 12, 2026, in Suzhou, where the board discussed the election of non-independent director candidates for the fourth board [1] - Notable investors, Ge Weidong and Fang Wenyuan, each invested 1 billion yuan in the company, leading to a significant increase in the company's stock price [1] - Historical analysis indicates that retail investors have experienced both gains and losses when participating in private placements [1]

证券代码：300751 证券简称：迈为股份 公告编号：2026-011 苏州迈为科技股份有限公司 关于控股股东减持股份实施结果公告 公司控股股东周剑、王正根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、误导性陈述或者重大遗漏。 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。 苏州迈为科技股份有限公司（以下简称"迈为股份""公司"）于 2026 年 1 月 7 日披露了《关于控股股东减持股份预披露公告》（公告编号：2026-001）， 公司控股股东周剑及王正根计划以集中竞价或大宗交易的方式减持本公司股份， 减持数量不超过 5,400,000 股，即不超过公司当前总股本剔除回购专用账户中的 股份数量后的 1.94%。减持期间为自本减持计划公告之日起 15 个交易日之后三 个月内（即 2026 年 1 月 29 日至 2026 年 4 月 28 日）。近日公司收到周剑及王正 根出具的告知函，上述减持计划已实施完毕。现将有关事项公告如下： 一、股东减持情况 注 2：公告披露股权比例精确到小数点后两位，股权比例计算均按四舍五入原则列示，如存在误差均 为四舍五入导致。 | 2、股东及其一 ...

苏州迈为科技股份有限公司 董事、高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步提升苏州迈为科技股份有限公司（以下简称"公司"或"本 公司"）的规范运作水平，公司根据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司治理准则》《深圳证券交易所创业板股票上市规则》《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》及其 他法律、法规、规章、规范性文件，以及《苏州迈为科技股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，并结合公司实际情况制定本制度。 第二条 本制度适用于《公司章程》规定的董事和高级管理人员。 第三条 公司薪酬制度遵循以下原则： （一）公平原则，体现收入水平符合公司规模与业绩，同时与外部薪酬水平相 符； （二）责、权、利统一原则，体现薪酬与岗位价值高低、履行责任义务大小相 符； （三）长远发展原则，体现薪酬与公司持续健康发展的目标相符； （四）激励约束并重原则，体现薪酬发放与考核、奖惩、激励机制挂钩。 第二章 薪酬管理机构 第四条 公司股东会负责审议董事的薪酬管理方案，公司董事会负责审议公司 高级管理人员的薪酬管理方案。 第五条 公司董事会薪酬与 ...

苏州迈为科技股份有限公司 章程 二〇二六年二月 | 第一章 | 总 则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股 份 | 2 | | 第一节 | 股份发行 | 2 | | 第二节 | 股份增减和回购 | 3 | | 第三节 | 股份转让 | 4 | | 第四章 | 股东和股东会 | 5 | | 第一节 | 股东 5 | | | 第二节 | 股东会的一般规定 | 9 | | 第三节 | 股东会的召集 | 11 | | 第四节 | 股东会的提案与通知 | 13 | | 第五节 | 股东会的召开 | 14 | | 第六节 | 股东会的表决和决议 | 17 | | 第五章 | 董事会 | 22 | | 第一节 | 董 事 | 22 | | 第二节 | 董事会 | 25 | | 第三节 | 独立董事 | 32 | | 第四节 | 董事会专门委员会 | 34 | | 第六章 | 高级管理人员 | 36 | | 第七章 | 财务会计制度、利润分配和审计 | 38 | | 第一节 | 财务会计制度 | 38 | | 第二节 | 内部审计 | 43 | ...

证券代码：300751 证券简称：迈为股份 公告编号：2026-009 一、第四届董事会的组成及任期 公司第四届董事会由七名董事组成，其中独立董事三名，职工代表董事一 名，任期自公司 2026 年第一次临时股东会选举通过之日起三年。 二、提名的董事候选人 第三届董事会提名委员会对第四届董事会董事候选人的任职资格和履职能 力等方面进行了认真审查。董事会提名周剑先生、王正根先生、刘琼先生为公司 第四届董事会非独立董事候选人，非独立董事候选人基本情况详见（附件一：非 独立董事候选人简历）。 董事会提名刘跃华先生、赵徐先生、袁宁一女士为第四届董事会独立董事 候选人，独立董事候选人基本情况见（附件二：独立董事候选人简历）。 苏州迈为科技股份有限公司 关于公司董事会换届选举的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 苏州迈为科技股份有限公司（以下简称"公司"）第三届董事会任期将于 2026 年 2 月 19 日届满，为促进公司规范、健康、稳定发展，根据《公司法》《深 圳证券交易所创业板股票上市规则》《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 ...