Group 1 - The company has completed the sale of its equity in two wind power-related subsidiaries to its controlling shareholder, Taiyuan Heavy Machinery Group Co., Ltd., for a total price of 466.5568 million yuan [1] - The equity sold includes a 39.782% stake in Taiyuan Heavy Industry New Energy Equipment Co., Ltd. and a 100% stake in Dingxiang County Nengyu New Energy Co., Ltd. [1] - The transaction was approved by the company's board and shareholders, with the first payment of 237,943,978 yuan made within 10 working days of the agreement's effectiveness [2][3] Group 2 - The remaining payment of 228,612,842 yuan for the 39.782% stake in the new energy company was received by the company, completing the transaction [3] - The total payment for the 100% stake in Dingxiang Nengyu was 1 yuan, which has also been paid in full [2]

证券代码：600169 证券简称：太原重工 公告编号：2025-035 太原重工股份有限公司 关于为子公司代开保函的进展公告 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个别及连带责任。 重要内容提示： 被担保人：太重（察哈尔右翼中旗）新能源科技有限公司（以下简称"察 右科技公司"）为太原重工股份有限公司（以下简称"公司"）的全资子公司，公 司对察右科技公司的担保不属于关联担保。 担保金额：因业务需要，公司接受察右科技公司委托，作为申请人向中 国民生银行股份有限公司太原分行(以下简称"民生银行太原分行")申请开具预付 款保函4份、履约保函1份，保函金额合计1,677.96万元。截至本公告披露日，公 司已为被担保人实际提供的担保余额为1,815.32万元。 本次担保不存在反担保。 一、代开保函情况概述 公司于 2024 年 9 月 29 日召开第九届董事会 2024 年第五次临时会议，于 2024 年 10 月 18 日召开 2024 年第三次临时股东大会，审议通过了《关于为子公司提 供非融资性保函额度的议案》，同意公司根据实际业务需要 ...

证券代码：600169 证券简称：太原重工 公告编号：2025-036 太原重工股份有限公司 关于为子公司代开保函延期的公告 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个别及连带责任。 重要内容提示： 被担保人：太原重工（印度）有限公司（以下简称"印度公司"），为太 原重工股份有限公司（以下简称"公司"）的全资子公司，不属于关联担保。 担保金额：因业务需要，公司接受印度公司委托，作为申请人向中国民 生银行股份有限公司太原分行申请延期预付款保函一份，保函金额为7,155.63 万 卢比，折人民币635.40万元。截至本公告披露日，公司已为被担保人实际提供的 担保余额为人民币1,273.78万元。 本次担保不存在反担保。 一、代开保函情况概述 公司于 2024 年 9 月 29 日召开第九届董事会 2024 年第五次临时会议，于 2024 年 10 月 18 日召开 2024 年第三次临时股东大会，审议通过了《关于为子公司提 供非融资性保函额度的议案》，同意公司根据实际业务需要为子公司代开非融资 性保函，在 1 亿元人民币或其他等值外币 ...

一、关联交易概述 证券代码：600169 证券简称：太原重工 公告编号：2025-037 太原重工股份有限公司 关于公司向控股股东出售资产暨关联交易完成的公告 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个别及连带责任。 2024 年 12 月 2 日，太原重工股份有限公司（以下简称"太原重工"或"公 司"）召开第九届董事会 2024 年第六次临时会议，审议通过《关于公司向控股股 东出售资产暨关联交易的议案》。公司拟将控股的风电类公司股权（包括太原重 工持有的太原重工新能源装备有限公司 39.782%股权、太原重工持有的定襄县能 裕新能源有限公司 100%股权）整体出售给公司控股股东太原重型机械集团有限 公司（以下简称"太重集团"），出售资产价格为 46,655.68 万元。具体内容详见 公司于 2024 年 12 月 3 日披露的《关于公司向控股股东出售资产暨关联交易的公 告》（公告编号：2024-067）。同日，公司与太重集团签订《股权转让协议》。公 司于 2024 年 12 月 18 日召开 2024 年第四次临时股东大会，表决 ...

Core Viewpoint - Taiyuan Heavy Industry (600169) is acquiring a controlling stake in Taiyuan Xiangming Intelligent Equipment Co., Ltd. (Taiyuan Xiangming) to enhance asset optimization and competitiveness, marking a significant consolidation of core assets under its parent company, Taiyuan Heavy Machinery Group [1][2]. Group 1: Transaction Details - Taiyuan Heavy Industry plans to acquire a total of 67% of Taiyuan Xiangming's shares for a total cash consideration of 300 million yuan, which includes a 51% stake from its parent company and an additional 16% from other shareholders [1]. - The transaction is classified as a related party transaction since Taiyuan Heavy Machinery Group holds a 49.87% stake in Taiyuan Heavy Industry, making it the controlling shareholder [1][2]. Group 2: Company Background - Taiyuan Xiangming, established in 1999, specializes in the research and manufacturing of long-distance continuous conveying equipment, primarily belt conveyors and related components, and holds 137 independent intellectual property rights [2]. - Taiyuan Heavy Industry is a specialized manufacturer of mining equipment, providing a range of machinery including excavators and mobile crushing stations, widely used in large open-pit coal, iron, and non-ferrous metal mines [2]. Group 3: Financial Performance - In 2024 and the first quarter of 2025, Taiyuan Xiangming reported net profits of 36.29 million yuan and a loss of 815,400 yuan, respectively, attributed to seasonal revenue fluctuations and increased market competition [3]. - Despite the challenges, Taiyuan Heavy Industry anticipates that the acquisition will create significant industrial synergies, allowing for an expanded business scope and optimized industry layout, ultimately providing comprehensive solutions for mining operations [3].

Group 1 - Taiyuan Heavy Industry announced plans to acquire a 67% stake in TaiZhong XiangMing, including a 51% stake from TaiZhong Group and a 16% stake from Fan Xiangmin, for a total cash consideration of 299.5 million yuan [1] - After the acquisition, TaiZhong Group's stake in TaiZhong XiangMing will decrease from 51% to 0%, while Taiyuan Heavy Industry will become the controlling shareholder, although TaiZhong Group will still indirectly control TaiZhong XiangMing [1] - The acquisition is expected to enhance Taiyuan Heavy Industry's sustainable high-quality development and improve its asset allocation and overall competitiveness [1] Group 2 - TaiZhong XiangMing had previously entered the listing guidance period for the Beijing Stock Exchange but withdrew its application in October 2023, citing the need for financial statement updates and adjustments to its sponsor [3] - In 2023 and 2024, TaiZhong XiangMing reported revenues of 588 million yuan and 610 million yuan, with net profits of 56 million yuan and 36 million yuan, respectively [3] - Taiyuan Heavy Industry has been actively optimizing its financial indicators through asset divestitures and the injection of quality production capacity, aiming for a transformation towards high-end manufacturing [3] Group 3 - In 2024, Taiyuan Heavy Industry reported revenues of 9.249 billion yuan, a year-on-year increase of 10.71%, and a net profit of 195 million yuan, up 4.17% [4] - In Q1 2025, the company achieved total revenue of 2.768 billion yuan, a significant year-on-year growth of 60.18%, with a net profit of approximately 22 million yuan, reflecting a 7.62% increase [4] - The successful acquisition of TaiZhong XiangMing's controlling stake is anticipated to further enhance Taiyuan Heavy Industry's profitability and asset quality [5]

Core Viewpoint - Taiyuan Heavy Industry is undergoing significant business restructuring, focusing on core operations and achieving continuous improvement in performance through strategic acquisitions and divestitures [2][5][9]. Business Acquisition and Restructuring - The company plans to acquire 67% of Taiyuan Xiangming Intelligent Equipment Co., Ltd. for approximately 300 million yuan, paid in cash, which is expected to create substantial industrial synergies and expand its business footprint [2][3]. - The acquisition includes a 51% stake from its controlling shareholder, Taiyuan Group, and an additional 16% from other stakeholders [3]. - The net asset valuation of Taiyuan Xiangming is approximately 447 million yuan, with a valuation increase of 64.7 million yuan, reflecting a 16.92% increase [3]. Financial Performance - In Q1 2025, the company reported revenue of 2.768 billion yuan, a year-on-year increase of 60.18%, and a net profit of 21.975 million yuan, up 7.62% [10]. - For the full year 2024, Taiyuan Heavy Industry achieved revenue of 9.249 billion yuan, a 10.71% increase, and a net profit of 195 million yuan, growing by 4.17% [9]. Inventory Management - As of Q1 2025, the company's inventory stood at 8.991 billion yuan, a decrease of 12.37% compared to the previous year [10][12]. - The inventory levels have shown a consistent decline from previous years, indicating improved inventory management [11]. Focus on Core Business - The company has divested from wind power-related assets to concentrate on its core business, which includes manufacturing equipment for various industries such as metallurgy, mining, and transportation [5][7]. - The divestiture of wind power assets has helped improve asset quality and reduce litigation risks associated with underperforming projects [6][7]. International Market Expansion - Taiyuan Heavy Industry is building an international marketing system, establishing overseas companies in countries like India, Indonesia, Kazakhstan, Turkey, and Germany [12]. - In 2024, the company generated 2.178 billion yuan from overseas markets, accounting for 23.55% of total revenue, with a growth rate of 20.15%, surpassing domestic market growth [12][13].

Core Viewpoint - Taiyuan Heavy Industry has acquired a 16% stake in Taiyuan Xiangming Intelligent Equipment Co., Ltd. from its second and third largest shareholders, making it the controlling shareholder with a total transaction price of approximately 299 million yuan [1]. Group 1: Acquisition Details - After the acquisition, Taiyuan Heavy Industry will hold 67% of Taiyuan Xiangming's shares, becoming its largest and controlling shareholder [1]. - The actual controller of Taiyuan Xiangming remains unchanged, still under the Shanxi Provincial Government's State-owned Assets Supervision and Administration Commission [1]. - The acquisition has received the necessary approvals from the Shanxi Provincial State-owned Assets Supervision and Administration Commission and the boards of both Taiyuan Heavy Industry and Taiyuan Group [1]. Group 2: Company Background - Taiyuan Xiangming was established in 1999 and specializes in the research and manufacturing of long-distance continuous conveying equipment for bulk materials, primarily producing belt conveyors and related components [1][2]. - The company underwent several ownership changes, becoming a state-owned enterprise after a 2012 acquisition by Shanxi Jinneng Equipment Industry Co., Ltd. [4]. - In 2021, the company was renamed Taiyuan Heavy Industry Xiangming Intelligent Equipment Co., Ltd. [4]. Group 3: Financial Performance - Taiyuan Xiangming has been recognized as a key enterprise in Shanxi Province and has made attempts to go public, including a recent withdrawal of its IPO application [5]. - In 2024, Taiyuan Xiangming reported a revenue of 609.9 million yuan, a year-on-year increase of 3.72%, and a net profit of 36.29 million yuan [5]. - Taiyuan Heavy Industry has shown steady growth, achieving a revenue of 9.24 billion yuan in 2024, a 10.71% increase year-on-year, and a net profit of 195 million yuan [6].

证券代码：600169 证券简称：太原重工 公告编号：2025-033 太原重工股份有限公司 关于购买董事及高级管理人员责任保险的公告 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个别及连带责任。 太原重工股份有限公司（以下简称"公司"）于 2025 年 6 月 12 日召开第十 届董事会 2025 年第一次临时会议，审议通过了《关于购买董事及高级管理人员 责任保险的议案》。现将相关事项公告如下： 公司第十届董事会 2025 年第一次临时会议及董事会薪酬与考核委员会 2025 年第二次会议审议了《关于购买董事及高级管理人员责任保险的议案》。由于公 司全体董事均为被保险对象，属于利益相关方，根据《上市公司治理准则》《公 司章程》等相关法律法规的规定，公司全体董事均回避表决，该事项直接提交公 司股东会审议。 一、基本情况 为完善风险管理体系，促进董事及高级管理人员充分行使权利、履职尽责， 营造稳健发展良好环境，根据《上市公司治理准则》《上市公司独立董事管理办 法》等有关规定，公司拟为公司及全体董事、高级管理人员和相关人员购买责任 保险（具 ...

证券代码：600169 证券简称：太原重工 公告编号：2025-034 太原重工股份有限公司 关于召开2025年第三次临时股东会的通知 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。 重要内容提示： (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 30 日 9 点 00 分 召开地点：太原市清徐县北格西路 229 号 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 6 月 30 日 至2025 年 6 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网 投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购 ...