B[Multiple departments plan to standardize products that use virtual control parts to replace traditional physical buttons in automobiles] On October 10, four departments including the Ministry of Industry and Information Technology jointly issued a notice (Draft for Comments) on further strengthening the management of innovative design and R&D testing and verification of automotive products. The Draft for Comments proposes that products that use virtual control parts (touch buttons, pressure-sensitive buttons, etc.) to replace traditional physical buttons should, in addition to meeting the "Technical Conditions for Motor Vehicle Operation Safety" (GB 7258), "Marking of Automobile Control Parts, Indicators and Signaling Devices" (GB 4094) and other requirements, evaluation and verification of touch reliability, accidental touch prevention performance, feedback clarity, etc. should also be completed. If virtual controls are used for functions involving key driving safety (lights, wipers, defrost and defogging, etc.), their operational convenience, reliability and safety in various driving scenarios should be evaluated, and they should also have physical controls. Emergency control parts related to safety, such as automobile emergency escape devices, emergency braking devices, and drive system power cutoff devices, should have physical control parts and eye-catching labels to facilitate emergency operations. A[19 "Xinwen Lianbo" important news items for Saturday, October 3rd] October 3rd, the main contents of today's "Xinwen Lianbo" are:
1. [New ideas lead a new journey] Ecology for the people paints a new picture of a beautiful China;
2. [On the Field of Hope] China’s autumn grain harvest is ushering in a large-scale harvest, with progress exceeding 30%;
3. Celebrate colorful holidays and praise a good life;
4. Take multiple measures to activate consumption vitality during the National Day holiday;
5. The box office of National Day movies in 2026 will exceed 500 million yuan, and "Movie+" will stimulate new increases in consumption;
6. Holiday travel routes are heating up, and the transportation department has increased transportation capacity to ensure passenger travel;
7. [The 20th Asian Games] The Chinese team achieved the highest number of gold medals in overseas participation in the Asian Games;
8. Since the beginning of this year, China’s new round of prospecting breakthroughs has achieved remarkable results;
9. Trains with the word "Jing" are online, and senior citizens can enjoy "higher discounts" when purchasing tickets;
10. "Ningxiang DC" supporting peak-shaving power supply was put into production;
11. The shield excavation of the second submarine tunnel in Jiaozhou Bay, Qingdao, Shandong has been completed;
12. China’s first 100-megawatt compressed carbon dioxide energy storage project is connected to the grid;
13. Chinese embassies and missions abroad held activities to celebrate the 77th anniversary of the founding of New China;
14. Saudi Arabia launched multiple air strikes on areas controlled by the Houthi armed forces in Yemen;
15. The Afghan prosecutor said that the co-pilot of the passenger plane involved attempted a "terrorist attack";
16. The G7 agreed to release strategic oil reserves to ease pressure;
17. The inflation rate in the Eurozone rose to the highest level in three years in September;
18. The death toll from the Ebola epidemic in the Democratic Republic of the Congo exceeds 4,000;
19. China Splendid. B[CSSC Power releases China's first independently developed "Nuclear Diesel No. 1" 6MW nuclear power unit] On September 22, reporters learned from China Shipbuilding Power Group that it today released China's first independently developed "Nuclear Diesel No. 1" 6MW nuclear power emergency diesel generator set. At the same time, CSSC Power Group The CSSC Hudong Heavy Machinery Nuclear Power Service Center was also officially inaugurated, marking that China has fully mastered the core technology of independent design, research and development and manufacturing of this level of units, and has made up for the shortcomings in independent nuclear power high-power emergency power supply equipment, which will significantly enhance China's nuclear power plant accident emergency response and safe operation and maintenance capabilities. In terms of performance parameters of this unit, the diesel engine has a 100% operating power of 7,000 kilowatts and the unit has a 100% power of 6,600 kilowatts. The unit startup time is less than 10 seconds, the average trouble-free working time is more than 2,000 hours, and the average diesel engine repair time is less than 4 hours. (Reporter Hu Haoqiong) B[JPMorgan Chase: Maintaining a positive view on energy storage demand before 2030, optimistic about CATL, etc.] On September 21, JPMorgan Chase issued a research report saying that China's energy storage value chain stocks in the A-share market have adjusted significantly since June this year, with CATL, HyperXtron, Deye Technology, Sungrow, etc. falling far beyond the performance of the market, reflecting investors' concerns about the weak outlook for China's energy storage demand next year and rising geopolitical uncertainty. The bank believes that the market is overly pessimistic and maintains a positive view on energy storage demand before 2030. It predicts that China's energy storage installed capacity will have an average annual compound growth rate of approximately 22% until 2030. Battery shipments are expected to increase by approximately 20% year-on-year in 2027, which is almost zero growth compared to market expectations. Among all stocks, the bank continues to list CATL, Sungrow and Deye as its top choices, and views CATL as the best choice to capture the growth of global energy storage because of its leading market share, strong overseas exposure and attractive recently adjusted valuation, with a target price of HK$725. B[Demand for mature processes explodes Wafer foundries such as UMC and Power Semiconductor are planning to increase prices] "Science and Technology Innovation Board Daily" reported on the 21st that AI has promoted a strong market for advanced semiconductor processes, and the demand for mature process chips such as peripheral power management ICs, microcontrollers, sensors and MOSFETs has simultaneously exploded. Coupled with the order spillover effect after TSMC gradually reduced some mature processes, the capacity utilization rate of wafer foundries such as UMC, Power Semiconductor Manufacturing Co., Ltd., and World Advanced Micro Devices has reached high levels, and supply exceeds demand. UMC has announced that it will launch price increases, and Power Semiconductor's quoted price will increase by 40%. UMC and Power Semiconductor both confirmed that the recent order reception situation has been improving. UMC bluntly stated that if the market supply and demand trend continues, the adjustment of wafer foundry prices next year will be more obvious than in the second half of this year. (Taiwan Economic Daily) B[CITIC Securities: Huawei Connect Conference releases new AIDC energy infrastructure products Energy storage and liquid cooling accelerated upgrades] On September 19th, CITIC Securities research reported that Huawei held a fully connected conference from September 17th to 18th, and held an AIDC infrastructure summit on the afternoon of the 17th to further launch a new generation of energy and thermal management products around the source, grid, and load storage AIDC, including Taishan UPS, Hengshan centralized DC UPS, the highest density power module 5.0, smart lithium battery 5.0, and AI smart liquid cooling systems. Huawei proposes a "3+1" reconstruction of Watt, Heat, Bit, and construction models for AIDC, and uses MIMO architecture to achieve multi-power input, multi-standard output, and multi-level energy storage collaboration. We believe that as AIDC develops to hundreds of MW and GW levels and the power of single cabinets continues to increase, the power supply and cooling system of traditional data centers is accelerating the reconstruction. Energy storage will be upgraded from traditional power backup to load smoothing, grid-friendly and energy regulation. Liquid cooling will also be upgraded from a single refrigeration equipment to an intelligent thermal management system. Energy storage and liquid cooling are expected to become important incremental links in AIDC infrastructure. B[Fuda Co., Ltd.: Plans to invest 880 million yuan in the construction of a large-scale marine electric crankshaft and precision forging project] On September 17th, Fuda Co., Ltd. announced that the company’s board of directors reviewed and approved a proposal for the company and its wholly-owned subsidiaries to invest in the construction of a large-scale marine electric crankshaft digital intelligent production line project and a large-scale marine electric crankshaft precision forging project. The total investment of the project is 880 million yuan. It is planned to build a large-scale marine electric crankshaft digital intelligent production line, forming an annual production capacity of 15,000 large-scale marine electric crankshafts covering the range of 2m-4.5m. It is planned to build a production line that can produce large-scale marine electric crankshaft forgings with a length of 2m-4.5m, forming an annual production capacity of 20,000 large-scale marine electric crankshaft precision forgings. The implementation of the above two projects will help enhance the company's market competitiveness in the field of large crankshafts.
The announcement shows that the company has established a large-scale marine electric crankshaft division in June 2026, aiming to promote the company to achieve professional operations in the application fields of diesel and natural gas generators such as ship power, backup and emergency power, distributed energy, and large industrial power. The company already has high-quality main engine customers such as Yuchai and Cummins. B[State Grid: Strengthen condition monitoring and operation maintenance of substations and lines around key enterprises with new productivity, such as chip manufacturing, precision processing, biomedicine, etc.] September 16th, according to State Grid news, State Grid announced several measures to create a modern electricity business environment to empower high-quality economic and social development. It is mentioned that we will fully serve the new quality, productivity and high reliability of electricity. Strengthen the condition monitoring and operation maintenance of substations and lines around key new productivity enterprises such as chip manufacturing, precision processing, and biomedicine, optimize the power grid structure and customer access plans, and guide customers to rationally configure uninterruptible power supplies and other devices to improve safe and stable operations. B[Welgo: Current production and operation activities are normal and there are no major changes in the main business] On September 16th, Welgo (301251.SZ) issued a change announcement. The company is concerned that the market has recently paid high attention to relevant links in the artificial intelligence computing power industry chain and the printed circuit board (PCB) industry, and the secondary market transactions in related sectors are relatively active. The company's main business is the R&D, production and sales of printed circuit boards (PCBs). The company's main products include high multi-layer, thick copper (used in motors, electronic controls, and power supply fields), HDI boards, etc., which are mainly used in industrial control, AI server power supply, digital communications, commercial displays, intelligent control, automotive electronics, new energy and other fields. After verification, the company's current production and operation activities are normal, there have been no major changes in its main business, and there have been no major changes in the company's industry policies and internal and external operating environments. B[CITIC Construction Investment: Vera Rubin and 800VDC will drive another rising cycle of AIDC power supply] On September 14th, CITIC Construction Investment’s latest research report pointed out that after reviewing the changes in the stock prices and fundamentals of overseas AIDC power supply companies over the past 23 years, it can be found that the core catalyst of the fundamentals is NVIDIA chip replacement and power supply architecture upgrade. The last round of AIDC power supply cycle benefited from the fact that Blackwell chips were mainly shipped in the form of complete cabinets such as NVL72, and the value of power supplies was greatly increased, driving the performance of power supply companies to be concentrated in 2025 and extended to 26 years. NVIDIA's next-generation Rubin chip has entered mass production ramp. Judging from the Capex, inventory, orders and other indicators of NVIDIA and power supply companies, the industry chain is ready to take over, and the prosperity is stronger. The increased volume of Vera Rubin will drive the increased volume of new products such as high-power PSU and HVDC Sidecar, and the value of power supply will further increase. 2027 is expected to be the starting point of a new round of AIDC power supply cycle, and mainland companies are expected to increase their share and realize their performance. B[Sungrow: Price increases for photovoltaic inverters, energy storage converters and energy storage systems by 5%-15%] On September 11, reporters learned from industry chain sources that Sungrow sent a product price adjustment notification letter to downstream customers today, and will implement price increases for photovoltaic storage products starting from September 20. The products include photovoltaic inverters, energy storage converters and energy storage systems. The product price adjustment range is 5%-15%. The company stated in the letter that the current round of upstream material price increases continues to exceed expectations, and the upward trend in costs has not yet significantly eased. Existing product pricing has been unable to cover the comprehensive investment in raw materials, manufacturing, technology iterations and upgrades, and after-sales operations and maintenance. In order to ensure stable and reliable product quality, controllable supply and delivery time, and avoid damage to product performance, delivery time and service quality due to cost reduction, our company has decided to make appropriate adjustments to the prices of related products after multiple rounds of careful evaluation by the company. (Reporter Liu Mengran) B[Nomination of independent directors of insurance institutions moves towards normalization and consolidates the foundation of corporate governance] September 9th, Dunhuang Seed Industry, Sungrow, O.R.G., GEM... Since September, China Securities Small and Medium Investor Service Center Co., Ltd. (hereinafter referred to as the "Investment Service Center") has publicly nominated independent directors of a number of listed companies and solicited investor voting rights. The Investment Service Center's public nomination of independent directors is moving towards normalization and institutionalization, which will promote the better performance of duties by independent directors from the source and improve the governance level of listed companies. Analysts believe that the Investment Service Center's public nomination of independent directors not only promotes corporate governance from "formal compliance" to "substantial effectiveness", but also builds a collaborative internal and external supervision ecosystem by introducing public equity, private equity funds and other institutions to jointly exercise power. With the in-depth advancement of special actions on the governance of listed companies, the independent director system is expected to continue to release "governance dividends", providing a strong guarantee for further breaking down barriers to independent directors' performance of duties and consolidating the foundation for high-quality development of the capital market. (China Securities Journal) B[Jerry Co., Ltd.: The first advance payment for a US$1.465 billion gas turbine generator set order has been received and is scheduled to be delivered in batches in 2027] On September 7, Jerry Co., Ltd. (002353.SZ) released an investor relations activity record announcement. In July 2026, the company's holding subsidiary J&F Power Systems LLC signed a gas turbine generator set supply contract with a customer. The order amount is US$1.465 billion and is scheduled to be delivered in batches in 2027. So far, the company has received the first advance payment agreed upon for this order. The company and this customer have cooperated many times in fields related to data center power generation, and the order is progressing normally. In terms of production capacity construction, the company has improved the production capacity of related equipment by expanding original factories and leasing factories in China and North America, and has deployed localized assembly and production capabilities for various types of equipment, including gas turbine power generation equipment, in multiple regions at home and abroad to meet the production needs of related products in North America.
In addition, the company is actively promoting the construction of a production and office base in Dubai, United Arab Emirates. The domestic factory also has the production capacity of gas turbine generator sets and supporting equipment, and domestic and overseas production capacities can be adjusted mutually. In terms of supply chain system, in terms of gas turbine supply, the company has established long-term and stable cooperative relationships with gas turbine main engine suppliers such as Siemens, Baker Hughes, Kawasaki Heavy Industries, and FTAI. The scope of cooperation covers multiple models of gas turbine main engines. In terms of internal combustion engine supply, the company also has a mature internal combustion engine supply system at home and abroad. Regarding U.S. Administrative Order No. 14420, the power equipment sold by the company is currently mainly used in off-grid power supply scenarios in data centers, and related products are not directly connected to the large-capacity power grid. At the same time, the company has a local chemical factory in the United States with the R&D, design, production and delivery capabilities of gas turbine power generation equipment. At present, the company's communication with customers and acquisition of new orders in the United States are progressing normally. B[Liquid-cooled servers and IDC power supply concepts continue to rise. Sinopec Technology and COSCO have 20cm daily limit.] On September 7th, liquid-cooled servers and IDC power supply concepts expanded in the afternoon, with Sinopec Technology and COSCO reaching 20cm daily limit. Previously, Jitai Technology, Dunan Environment, Halsey, and Kerui Technology had hit their daily limit, and Alade, Gaolan Technology, Yihua Technology, and Jingquanhua were among the top gainers. On the news, on September 4, seven departments including the Central Cyberspace Administration of China jointly issued the "Implementation Plan for Promoting Digital and Green Collaborative Transformation Development (2026-2030)." It is mentioned that the 800V high-voltage DC power supply architecture for computing power facilities will be explored and the deployment of single cabinets exceeding 100 kilowatts will be promoted. B[New power safety regulations announced, clarifying for the first time that all types of grid-connected entities bear equal safety responsibilities as power companies and users] On September 4, reporters learned from the National Energy Administration that the revised "Regulations on Emergency Response and Investigation and Handling of Electric Power Safety Accidents" were officially announced today and will be officially implemented on January 1, 2027. The relevant person in charge of the National Energy Administration told reporters that in recent years, many large-scale power outages abroad have exposed problems such as blurred boundaries of responsibility among multiple subjects, insufficient network-related performance of power supplies, and increased risks of system voltage instability, which have become prominent challenges in the construction of new power systems. The new Regulations have made a number of systematic institutional arrangements in this regard. The first is to improve the "unity and governance" responsibility system, clarifying for the first time that all types of grid-connected entities bear equal safety responsibilities as power companies and power users, and clarify the boundaries of rights and responsibilities of multiple emerging grid-connected entities such as power companies, power users, energy storage, and virtual power plants. The second is to strengthen network-related safety management and control, add new accident determination criteria such as abnormal network-related performance failure and power loss, and improve the new energy safety risk management and control system. The third is to optimize the basis for accident determination based on the requirements for safe and stable operation of the power system, strengthen the management and control of key nodes such as main grids, hub stations, and power supply clusters, consolidate the security defense system of the large power grid, and ensure stable operation of the power grid and reliable power supply. (Reporter Guo Songqiao) B[Mandatory national standards for electric bicycle charging piles are officially released to regulate the safety technical indicators of supporting charging facilities for electric bicycles] On September 4, the mandatory national standard GB 47371-2026 "Safety Technical Specifications for Electric Bicycle Charging Piles" organized by the Ministry of Industry and Information Technology, the State Administration for Market Regulation, jointly with the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, the National Energy Administration, and the National Fire and Rescue Bureau was officially released on March 31, 2026, and will be implemented on April 1, 2027. This standard regulates the design and production process of electric bicycle charging piles, filling the gap in the previous mandatory standards for electric bicycle charging piles. The standard applies to AC/DC charging piles that charge compliant electric bicycles and their batteries. It standardizes the safety technical indicators of electric bicycle charging piles from three dimensions: general requirements, safety protection functions, and special requirements for DC charging piles, and clarifies the corresponding test methods. Among them, in terms of general requirements, the standard regulates product labeling and instructions, fire and flame retardant performance, contact temperature rise limit, surge immunity, leakage protection, etc., and clarifies strict technical indicators;
In terms of safety protection functions, it is required that products will not be dangerous in case of misuse and failure, and charging piles must have seven protection functions including short-circuit protection, over-current protection, and input over-voltage protection, and be able to automatically cut off the output power when abnormal conditions occur. In terms of DC charging piles, products are required to use the same interface as GB 42296-2022 "Safety Technical Requirements for Chargers for Electric Bicycles" and support the two key functions of mutual recognition, collaboration and polarity identification to ensure charging safety.
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