Core Insights - Taiyuan Heavy Industry reported a revenue of 4.759 billion yuan for the first half of the year, representing a year-on-year growth of 30.81% [1] - The net profit attributable to shareholders of the listed company was 43.8483 million yuan, with a year-on-year increase of 5.92% [1] - The basic earnings per share stood at 0.013 yuan [1]

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board, directors, and senior management affirm the semi-annual report's truthfulness, accuracy, and completeness, bearing legal responsibility - The company's board of directors, directors, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with no false records, misleading statements, or major omissions, and bear individual and joint legal liabilities[3](index=3&type=chunk) - This semi-annual report has not been audited[5](index=5&type=chunk) - The company's responsible person, chief accountant, and head of accounting department declare that the financial report in the semi-annual report is true, accurate, and complete[5](index=5&type=chunk) - There is no profit distribution plan or capital reserve conversion to share capital plan for this reporting period[6](index=6&type=chunk) - The company's future operating outlook in this report does not constitute a performance commitment, and investors should be aware of investment risks[6](index=6&type=chunk) - There are no non-operating funds occupied by controlling shareholders or other related parties, nor are there any external guarantees provided in violation of decision-making procedures[7](index=7&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key terms used within the report - "Taiyuan Heavy Industry", "the Company", and "the Company" all refer to Taiyuan Heavy Industry Co., Ltd[16](index=16&type=chunk) - "TZ Group" refers to Taiyuan Heavy Machinery Group Co., Ltd[16](index=16&type=chunk) - "Reporting Period" refers to January 1, 2025, to June 30, 2025[16](index=16&type=chunk) [Section II Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%B8%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents the company's profile, contact information, stock overview, and key financial performance indicators [1. Company Information](index=4&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section provides the company's official names and legal representative details - Company Chinese name: Taiyuan Heavy Industry Co., Ltd., abbreviation: Taiyuan Heavy Industry[13](index=13&type=chunk) - Company legal representative: Tao Jiajin[13](index=13&type=chunk) [2. Contact Person and Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section lists contact details for the Board Secretary and Securities Affairs Representative - Board Secretary: Zhao Xiaoqiang, Securities Affairs Representative: Lei Tao[14](index=14&type=chunk) - Contact address: Taiyuan Intelligent High-end Equipment Industrial Park, 229 Beige West Road, Qingxu County, Taiyuan City[14](index=14&type=chunk) [3. Brief Introduction to Changes in Basic Information](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5%E5%8F%98%E6%9B%B4%E7%AE%80%E4%BB%8B) This section outlines changes to the company's registered and office addresses - Company registered address: 53 Yuhe Street, Wanbailin District, Taiyuan City, Shanxi Province[15](index=15&type=chunk) - Company office address: Taiyuan Intelligent High-end Equipment Industrial Park, 229 Beige West Road, Qingxu County, Taiyuan City[15](index=15&type=chunk) [4. Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=5&type=section&id=%E5%9B%9B%E3%80%81%E4%BF%A1%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) This section details the company's information disclosure channels and report storage locations - Company's selected newspapers for information disclosure: "China Securities Journal", "Shanghai Securities News", "Securities Daily", "Securities Times"[17](index=17&type=chunk) - Website address for the semi-annual report: www.sse.com.cn[17](index=17&type=chunk) [5. Company Stock Overview](index=5&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E7%AE%80%E5%86%B5) This section summarizes the company's A-share listing details, including its exchange and stock codes - Stock type: A-share, Listing exchange: Shanghai Stock Exchange[18](index=18&type=chunk) - Stock abbreviation: Taiyuan Heavy Industry, Stock code: 600169[18](index=18&type=chunk) [7. Key Accounting Data and Financial Indicators](index=5&type=section&id=%E4%B8%83%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents key accounting data and financial indicators for the reporting period, including revenue, profit, and cash flow, with explanations for adjustments 2025 Semi-Annual Key Accounting Data | Indicator | Current Period (Jan-Jun) | Prior Year (Adjusted) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | RMB 4,758,613,916.87 | RMB 3,637,880,092.00 | 30.81 | | Total Profit | RMB 120,487,764.97 | RMB 116,552,820.67 | 3.38 | | Net Profit Attributable to Shareholders of Listed Company | RMB 43,848,289.76 | RMB 41,395,954.65 | 5.92 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | RMB -1,330,676.55 | RMB -24,928,610.14 | Not Applicable | | Net Cash Flow from Operating Activities | RMB 68,630,532.99 | RMB 120,687,326.72 | -43.13 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | RMB 5,306,289,930.30 | RMB 5,259,438,095.03 | 0.89 | | Total Assets (Period-end) | RMB 32,418,329,371.82 | RMB 31,247,956,478.27 | 3.75 | 2025 Semi-Annual Key Financial Indicators | Indicator | Current Period (Jan-Jun) | Prior Year (Adjusted) | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.0130 | 0.0122 | 6.56 | | Diluted Earnings Per Share (RMB/share) | 0.0130 | 0.0122 | 6.56 | | Basic Earnings Per Share (Excluding Non-Recurring Gains/Losses) (RMB/share) | -0.0004 | -0.0074 | Not Applicable | | Weighted Average Return on Net Assets (%) | 0.83 | 0.75 | Increased by 0.08 percentage points | | Weighted Average Return on Net Assets (Excluding Non-Recurring Gains/Losses) (%) | -0.03 | -0.48 | Not Applicable | - The retrospective adjustment of key accounting data and financial indicators is due to a business combination under common control, with Shanxi Taiyuan Heavy Industry Intelligent Equipment Co., Ltd. included in the company's consolidated scope in July 2024[21](index=21&type=chunk) [9. Non-Recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E4%B9%9D%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) This section details non-recurring gains and losses for the period, totaling **RMB 45.18 million** 2025 Semi-Annual Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets, including the write-off of impairment provisions already made | 722,556.22 | | Government grants recognized in profit or loss for the current period, except for those closely related to the company's normal business operations, conforming to national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss | 23,849,614.08 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 4,380,739.14 | | Gains or losses from debt restructuring | 4,970,469.98 | | Other non-operating income and expenses apart from the above items | 15,223,180.26 | | Other profit and loss items that meet the definition of non-recurring gains and losses | 15,183.82 | | Less: Income tax impact | 2,493,565.23 | | Impact on minority interests (after tax) | 1,489,211.96 | | **Total** | **45,178,966.31** | [Section III Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes the company's industry, main business, operating performance, core competitiveness, and risk factors [1. Industry and Main Business Operations During the Reporting Period](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) This section outlines the company's heavy machinery business, operating model, and an analysis of the industry's strategic importance and performance in H1 2025 - The company's main business includes rail transit equipment, hoisting equipment, excavation equipment, coke oven equipment, gear transmission, metallurgical equipment, construction machinery, oil film bearings, castings and forgings, and general contracting for engineering projects[27](index=27&type=chunk) - The company adopts a build-to-order operating model, formulating production and sales plans based on annual budget targets and arranging procurement and production according to sales orders[27](index=27&type=chunk) - The heavy machinery industry is a fundamental and strategic industry that provides various technical equipment for national economic and defense construction[27](index=27&type=chunk) 2025 Jan-Jun Heavy Machinery Industry Key Data | Indicator | Amount/Quantity | | :--- | :--- | | Enterprises above designated size | 5996 companies | | Operating Revenue | RMB 535.8 billion (down 1.7% year-on-year) | | Total Profit | RMB 35.2 billion (down 3.9% year-on-year) | | Profit Margin | 6.6% (down 0.1 percentage points from prior year) | | Total Industry Imports and Exports | USD 23.47 billion (up 9.04% year-on-year) | - The "Implementation Plan for Digital Transformation of the Machinery Industry (2025-2030)" focuses on intelligent manufacturing to promote high-end, intelligent, and green development of the machinery industry[28](index=28&type=chunk)[29](index=29&type=chunk) [2. Discussion and Analysis of Operations](index=8&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company's operations improved in the reporting period, with revenue up **30.81% to RMB 4.759 billion** and profit up **3.38% to RMB 120 million**, driven by strategic initiatives - The company achieved operating revenue of **RMB 4.759 billion** in the first half of the year, a **30.81% year-on-year increase**; total profit was **RMB 120 million**, a **3.38% year-on-year increase**[29](index=29&type=chunk) - Deepening reforms stimulated institutional vitality, becoming one of the first listed companies in Shanxi Province to abolish the board of supervisors, revising 25 rules and regulations, and digitizing 27 offline operations[30](index=30&type=chunk) - Technological innovation drove product upgrades, with 103 new products developed in the first half of the year, successful delivery of the world's first WK-55 electric shovel permanent magnet direct drive project, and smooth delivery of the first batch of high-fatigue performance axles[30](index=30&type=chunk) - Product promotion achieved breakthroughs, successfully signing an annual framework contract for low-pressure rotor forgings, winning the bid for a nuclear power fuel transfer system for the first time, and receiving frequent good news from overseas markets for rail transit products[31](index=31&type=chunk)[32](index=32&type=chunk) - Lean management improved operational efficiency, shortening the installation and adjustment cycle of main products by **26% year-on-year** and compressing the acceptance and delivery cycle by **30%**, earning the "Fourth Shanxi Province Quality Award"[32](index=32&type=chunk) - Financial control was continuously strengthened, with the formulation of the "Management Measures for Price Review of Non-Productive Expenditures", continuous reduction in comprehensive financing costs, and acquisition of Taiyuan Heavy Industry Xiangming to accelerate business expansion and layout optimization[32](index=32&type=chunk) - Risk prevention established a safety baseline, building a "horizontal to the edge, vertical to the bottom" responsibility management system and a "1+N" compliance system centered on the "Compliance Management Manual"[33](index=33&type=chunk) - In the second half of the year, the company will coordinate efforts in deepening reforms, technological innovation, market expansion, lean manufacturing, risk prevention, and party building to achieve its annual budget targets[33](index=33&type=chunk) [3. Analysis of Core Competitiveness During the Reporting Period](index=9&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness stems from its diverse products, strong R&D, brand influence, advanced manufacturing, stable customer base, and global expansion - The company boasts a rich product portfolio and significant market advantages, mitigating adverse effects of economic cyclical fluctuations and promoting deep integration of advanced manufacturing and modern service industries[33](index=33&type=chunk) - The company possesses strong technical R&D capabilities, forming an integrated mechanical, electrical, hydraulic, and transmission R&D system, and is the only equipment manufacturing (heavy machinery) standardization pilot enterprise in China[34](index=34&type=chunk) - The company has cultivated two national "Manufacturing Single Champion" products: metallurgical cranes and mining mechanical front shovel excavators, with multiple products recognized as "China Famous Brands"[34](index=34&type=chunk) - The company owns over 2,500 sets of production equipment and places high importance on enhancing equipment capabilities, continuously increasing investment in technological transformation[35](index=35&type=chunk) - The company has established a high-quality user base primarily composed of renowned large domestic enterprises, accumulating valuable market experience[35](index=35&type=chunk) - Each subsidiary and branch specializes in the production and manufacturing of its professional products, effectively improving production efficiency[35](index=35&type=chunk) - The company's internationalization process is accelerating, with products exported to over 60 countries and regions, and multiple overseas offices established[35](index=35&type=chunk) - The company's vision is to "build a modern intelligent equipment manufacturing enterprise with world-class competitiveness", actively practicing its core values to provide inexhaustible动力 for enterprise reform and transformation[36](index=36&type=chunk)[37](index=37&type=chunk) [4. Key Operating Performance During the Reporting Period](index=11&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) This section analyzes changes in key financial accounts, asset-liability status, and cash flows, highlighting significant movements in revenue, costs, and financing [1. Analysis of Changes in Financial Statement Accounts](index=11&type=section&id=1.%20Analysis%20of%20Changes%20in%20Financial%20Statement%20Accounts) This section details changes and reasons for variations in key income statement and cash flow items 2025 Semi-Annual Financial Statement Account Changes | Account | Current Period (RMB) | Prior Year (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 4,758,613,916.87 | 3,637,880,092.00 | 30.81 | | Operating Cost | 3,938,323,542.90 | 2,888,566,629.81 | 36.34 | | Selling Expenses | 69,546,127.12 | 78,833,301.94 | -11.78 | | Administrative Expenses | 158,383,423.40 | 162,356,277.71 | -2.45 | | Financial Expenses | 222,368,727.78 | 248,738,265.93 | -10.60 | | R&D Expenses | 229,023,563.96 | 176,443,920.30 | 29.80 | | Net Cash Flow from Operating Activities | 68,630,532.99 | 120,687,326.72 | -43.13 | | Net Cash Flow from Investing Activities | 6,891,668.57 | -597,346,905.34 | Not Applicable | | Net Cash Flow from Financing Activities | 524,591,331.77 | 666,450,484.91 | -21.29 | - Reason for operating revenue change: Gradual expansion of market scale for batch products led to increased revenue[39](index=39&type=chunk) - Reason for net cash flow from operating activities change: Increased sales revenue of construction machinery products in the current period, which is still in the market introduction phase with a long collection cycle[39](index=39&type=chunk) - Reason for net cash flow from investing activities change: Received remaining equity transfer payment from the disposal of a subsidiary in the current period[39](index=39&type=chunk) [(III) Analysis of Assets and Liabilities](index=11&type=section&id=(%E4%B8%89)%20%E8%B5%84%E4%BA%A7%E3%80%81%E8%B4%9F%E5%80%BA%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) This section analyzes the company's asset and liability composition and changes, including monetary funds, receivables, and overseas assets 2025 Semi-Annual Asset and Liability Status Changes | Item Name | Current Period End (RMB) | % of Total Assets (Current Period End) | Prior Year End (RMB) | % of Total Assets (Prior Year End) | Change from Prior Year End (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 2,171,124,332.27 | 6.70 | 1,598,525,196.39 | 5.12 | 35.82 | Company orders increased, reserving funds for current period raw material procurement | | Accounts Receivable | 7,768,645,767.71 | 23.96 | 7,107,549,887.27 | 22.75 | 9.30 | | | Inventories | 9,399,560,853.52 | 28.99 | 8,918,832,438.52 | 28.54 | 5.39 | | | Construction in Progress | 2,598,366,803.89 | 8.02 | 2,327,703,275.82 | 7.45 | 11.63 | | | Short-term Borrowings | 2,642,914,784.73 | 8.15 | 3,279,829,157.98 | 10.50 | -19.42 | | | Long-term Borrowings | 9,111,890,619.64 | 28.11 | 7,588,115,475.54 | 24.28 | 20.08 | | | Accounts Receivable Financing | 286,859,817.69 | 0.88 | 129,069,411.25 | 0.41 | 122.25 | Decrease in pledged bank acceptance bills, increase in bank acceptance bills available for discounting or endorsement in the current period | | Other Receivables | 89,675,364.80 | 0.28 | 686,274,359.28 | 2.20 | -86.93 | Received remaining equity transfer payment from the disposal of a subsidiary in the current period | | Taxes Payable | 51,314,522.49 | 0.16 | 37,173,512.77 | 0.12 | 38.04 | Increase in corporate income tax accrued but not yet paid at the end of the current period | | Other Current Liabilities | 279,931,406.47 | 0.86 | 211,099,091.24 | 0.68 | 32.61 | Increase in supply chain bills endorsed to suppliers but not yet due in the current period | | Special Reserves | 3,146,839.02 | 0.01 | 1,424,814.55 | 0.00 | 120.86 | Increase in unused safety production expenses in the current period | - Overseas assets totaled **RMB 156,546,411.18**, accounting for **0.48%** of total assets[43](index=43&type=chunk) [(IV) Analysis of Investment Status](index=12&type=section&id=(%E5%9B%9B)%20%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company acquired **67%** equity in Taiyuan Heavy Industry Xiangming for **RMB 299.52 million** to expand business, with disclosures on fair value financial assets - The company approved the acquisition of **67%** equity in Taiyuan Heavy Industry Xiangming Intelligent Equipment Co., Ltd. from TZ Group, with a total transaction price of **RMB 299,515,795**[44](index=44&type=chunk)[45](index=45&type=chunk) - As of the end of the reporting period, the transfer of the target shares for Taiyuan Heavy Industry Xiangming is being processed, and upon completion, it will be included in the company's consolidated financial statements[46](index=46&type=chunk) 2025 Semi-Annual Financial Assets Measured at Fair Value | Asset Category | Beginning Balance (RMB) | Fair Value Change Gain/Loss (Current Period) (RMB) | Purchase Amount (Current Period) (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | | Stocks | 7,530,332.04 | -4,172,687.41 | 0 | 7,344,308.49 | | Trust Products | 3,150,520.36 | -4,605,892.43 | 202,150.00 | 3,352,670.36 | | Accounts Receivable Financing | 129,069,411.25 | 0 | 157,790,406.44 | 286,859,817.69 | | Others | 61,728,318.19 | -4,989,716.80 | 0 | 61,728,318.19 | | **Total** | **201,478,581.84** | **-13,768,296.64** | **157,992,556.44** | **359,285,114.73** | - Securities investments include shares in Chongqing Iron & Steel Company Limited and Rongfa Nuclear Equipment Co., Ltd., measured at fair value[49](index=49&type=chunk)[50](index=50&type=chunk) [(VI) Analysis of Major Holding and Participating Companies](index=16&type=section&id=(%E5%85%AD)%20%E4%B8%BB%E8%90%A5%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) This section provides financial and operating results for major subsidiaries and details the acquisition of Taiyuan Heavy Industry Xiangming to boost competitiveness Major Subsidiary Financial Data (Unit: RMB 10,000) | Company Name | Total Assets | Net Assets | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | :--- | | Taiyuan Heavy Industry Rail Transit Equipment Co., Ltd. | 792,396.50 | 349,808.22 | 156,624.43 | 23,623.52 | 20,164.89 | | Taiyuan Heavy Industry Engineering Technology Co., Ltd. | 39,325.12 | 7,513.47 | 6,483.71 | 572.06 | 585.43 | | Shanxi Taiyuan Heavy Industry Intelligent Equipment Co., Ltd. | 338,567.17 | 33,660.69 | 8,727.23 | -947.28 | -1,039.87 | | Taiyuan Heavy Industry (Chahar Right Wing Middle Banner) New Energy Technology Co., Ltd. | 32,498.07 | 4,730.61 | 18,515.64 | 4.19 | -32.95 | - Subsidiaries acquired during the reporting period: Acquisition of Taiyuan Heavy Industry Xiangming Intelligent Equipment Co., Ltd. aims to enhance the company's profitability, leverage business synergies, and improve competitiveness[52](index=52&type=chunk) [5. Other Disclosures](index=17&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) This section outlines market, contract, credit, raw material, and financial risks, along with their respective mitigation strategies - Market risk: Macroeconomic cyclical fluctuations and intensified market competition may adversely affect the company's operations; mitigation measures include scientific forecasting, innovation, and promoting stable operations[54](index=54&type=chunk) - Contract risk: New products, new areas, and new settlement methods like finance leases pose potential contract risks; mitigation measures include improving risk control systems, implementing differentiated management, and fully leveraging legal review functions[54](index=54&type=chunk) - Customer credit risk: Market changes may lead to a decline in customer credit, affecting accounts receivable collection; mitigation measures include developing tailored strategies for each customer and, if necessary, taking legal action to accelerate collection[55](index=55&type=chunk) - Raw material and energy price fluctuation risk: Fluctuations in material and energy prices directly impact production costs and profitability; mitigation measures include systematizing material procurement, establishing strategic partnerships with industry leaders, and optimizing procurement costs[55](index=55&type=chunk) - Financial risk: Changes in macroeconomic policies may lead to interest rate changes, increasing interest-bearing debt and affecting company profitability; mitigation measures include strengthening debt risk prevention, controlling financing costs with red lines, and replacing high-interest debt with low-interest debt to continuously reduce financial expenses[56](index=56&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=18&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details corporate governance, profit distribution, employee incentives, environmental disclosures, and rural revitalization efforts [1. Changes in Directors and Senior Management](index=18&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) This section discloses changes in the company's board of directors and senior management appointments - The company has completed the re-election of the Tenth Board of Directors and appointed a new term of senior management[58](index=58&type=chunk) - Mr. Tao Jiajin was elected Chairman, Mr. Wang Shenglin was appointed General Manager, Mr. Cheng Dongsheng and Mr. Zhang Jiangong were appointed Deputy General Managers, Mr. Duan Zhihong was appointed Chief Financial Officer, and Mr. Zhao Xiaoqiang was appointed Board Secretary[59](index=59&type=chunk) [2. Profit Distribution or Capital Reserve Conversion Plan](index=18&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company has no semi-annual profit distribution or capital reserve conversion plan - Whether to distribute or convert in this reporting period: No[60](index=60&type=chunk) - The number of bonus shares, dividends, and conversion shares per 10 shares are all not applicable[60](index=60&type=chunk) [3. Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures and Their Impact](index=19&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) This section details the repurchase and cancellation of **14.15 million** restricted shares from the 2022 incentive plan - The company repurchased and cancelled **14.15367 million** restricted shares from its 2022 restricted stock incentive plan[61](index=61&type=chunk) - The repurchase and cancellation were completed on July 10, 2025[61](index=61&type=chunk) [4. Environmental Information of Listed Companies and Their Major Subsidiaries Included in the List of Enterprises Required to Disclose Environmental Information by Law](index=19&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%8A%AB%E9%9C%B2%E4%BC%81%E4%B8%9A%E5%90%8D%E5%8D%95%E7%9A%84%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%83%85%E5%86%B5) The company and its subsidiary are on the environmental disclosure list, with reports submitted or pending - Two companies are included in the list of enterprises required to disclose environmental information by law[62](index=62&type=chunk) - Taiyuan Heavy Industry Co., Ltd. submitted its "2024 Annual Environmental Information Disclosure Report" in February 2025[62](index=62&type=chunk) - Taiyuan Heavy Industry Rail Transit Equipment Co., Ltd. was newly selected for the "2025 Taiyuan City Environmental Information Disclosure Enterprise List" in March 2025, and its report will be submitted after the end of the current year[62](index=62&type=chunk) [5. Specific Progress in Consolidating Poverty Alleviation Achievements and Rural Revitalization](index=20&type=section&id=%E4%BA%94%E3%80%81%E5%B7%A9%E5%9B%BA%E6%8B%93%E5%B1%95%E8%B5%AB%E8%B4%AB%E6%94%BB%E5%9D%9A%E6%88%90%E6%9E%9C%E3%80%81%E4%B9%A1%E6%9D%91%E6%8C%AF%E5%85%B4%E7%AD%89%E5%B7%A5%E4%BD%9C%E5%85%B7%E4%BD%93%E6%83%85%E5%86%B5) The company exceeded its **RMB 1 million** consumption assistance target, benefiting over **200 households** and promoting rural revitalization through various initiatives - The company actively explored diverse agricultural assistance models, conducted 6 live-streaming sales events attracting over **10,000 online viewers**, and established a "company + farmer" direct procurement mechanism, achieving agricultural product sales of **RMB 200,200**[63](index=63&type=chunk) - The company exceeded its annual **RMB 1 million** consumption assistance target, directly helping over **200 local farming households** increase their income by over **RMB 1,000 per household**[64](index=64&type=chunk) - The company's village-based office organized 27 special study sessions on the spirit of the 20th National Congress of the Communist Party of China and rural revitalization policies, and innovatively established "field classrooms" to promote agricultural policies over 20 times[64](index=64&type=chunk) - A total of **6,072 household visits** were made, over **100 opinions and suggestions** were collected, **86 urgent issues** for residents were coordinated and resolved, and **RMB 300,000** was coordinated to repair 2.5 kilometers of irrigation canals[64](index=64&type=chunk) - **799 short videos** on rural revitalization were planned and produced, with total views exceeding **3.35 million**; **189 news articles** were written, 3 of which were published by provincial media[65](index=65&type=chunk) [Section V Significant Matters](index=22&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers commitment fulfillment, major litigation, alleged violations, and significant related party transactions [1. Fulfillment of Commitments](index=22&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) This section details the strict fulfillment of commitments by TZ Group regarding relocation compensation, profit forecasts, and shareholding stability - Taiyuan Heavy Machinery Group Co., Ltd. committed to compensating Taiyuan Heavy Industry for losses incurred during relocation, and this commitment has been strictly fulfilled[68](index=68&type=chunk) - Taiyuan Heavy Machinery Group Co., Ltd. committed that during the commitment period, the cumulative net profit attributable to shareholders of Taiyuan Heavy Industry Xiangming would be no less than **RMB 139.8109 million**, and this commitment has been strictly fulfilled[68](index=68&type=chunk) - Taiyuan Heavy Machinery Group Co., Ltd. committed not to reduce its shareholding in the company during the implementation period of this share increase plan and within the statutory period, and this commitment has been strictly fulfilled[68](index=68&type=chunk) [7. Major Litigation and Arbitration Matters](index=23&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) The company was involved in multiple major lawsuits and arbitrations during the period, with some cases concluded and others pending judgment or appraisal 2025 Semi-Annual Major Litigation and Arbitration Matters | Plaintiff (Applicant) | Defendant (Respondent) | Basic Situation of Litigation (Arbitration) | Amount Involved (RMB 10,000) | Progress | Outcome and Impact | | :--- | :--- | :--- | :--- | :--- | :--- | | Taiyuan Heavy Industry Co., Ltd. | AnYang Longteng Heat Treatment Material Co., Ltd. | Defendant failed to pay for goods on time | 3,142 | Received ruling from Anyang Intermediate People's Court, dismissing the company's lawsuit, case closed | Case closed | | Taiyuan Heavy Industry Co., Ltd. | Henan Yulong Pipe Industry Co., Ltd. | Defendant owed payment for goods, Henan Yulong Pipe Industry provided guarantee | 3,234 | Hearing held, awaiting judgment | Awaiting judgment | | Inner Mongolia Hengyi Heavy Industry Co., Ltd. | Taiyuan Heavy Industry Chahar Right Wing Middle Banner Co., Taiyuan Heavy Industry Co., Ltd. | Failed to provide orders as agreed, demanding contract termination and compensation for losses | 1,782 | Received second-instance judgment, the company bears joint and several liability, case closed | Executed in accordance with the second-instance judgment | | Yu Zhanhai | Xixiang Mining Hongtong Coal Chemical Co., Taiyuan Heavy Industry Co., Ltd. | Plaintiff completed non-standard equipment installation, two defendants delayed contract supplement and payment | 1,096 | Remanded for retrial, first-instance hearing held, awaiting judgment | Awaiting judgment | | Shanxi Installation Group Co., Ltd. | Taiyuan Heavy Industry Co., Ltd. | Outstanding payment for coal preparation system contract and engineering settlement price issues for Xiangkuang project | 2,311 | Received first-instance judgment, both parties appealed, awaiting notice for second-instance hearing | Awaiting second-instance judgment | | Huadian Fuxin Chahar Right Wing Middle Banner Hongpan Wind Power Co., Ltd. | Taiyuan Heavy Industry Co., Ltd. | Power generation loss, breach of contract | 2,804 | Under appraisal | Under appraisal | | Shanxi Meihua Electric Co., Ltd. | Taiyuan Heavy Industry Co., Ltd. | Settlement and outstanding engineering payment matters | 1,164 | Hearing held, awaiting judgment | Awaiting judgment | | China Life Property and Casualty Insurance Co., Ltd. Beijing Branch | Taiyuan Heavy Industry Co., Ltd. | Wind turbine quality issues led plaintiff to pay insurance claims for losses to users | 1,144 | Hearing held, awaiting judgment | Awaiting judgment | [8. Alleged Violations, Penalties, and Rectification by the Listed Company, Its Directors, Senior Management, Controlling Shareholder, and Actual Controller](index=24&type=section&id=%E5%85%AB%E3%80%81%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E8%91%A3%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%B6%89%E5%AB%8C%E8%BF%9D%E6%B3%95%E8%BF%9D%E8%A7%84%E3%80%81%E5%8F%97%E5%88%B0%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company received a CSRC case filing notice on July 26, 2025, for alleged information disclosure violations - The company received a case filing notice from the China Securities Regulatory Commission on July 26, 2025[73](index=73&type=chunk) - Reason for case filing: The company is suspected of violating information disclosure regulations[73](index=73&type=chunk) [10. Significant Related Party Transactions](index=24&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in significant related party transactions, including **RMB 6.569 billion** in estimated daily transactions and asset acquisitions/disposals with its controlling shareholder [1. Matters Already Disclosed in Interim Announcements with Subsequent Progress or Changes (Daily Related Party Transactions)](index=25&type=section&id=1.%20Matters%20Already%20Disclosed%20in%20Interim%20Announcements%20with%20Subsequent%20Progress%20or%20Changes%20(Daily%20Related%20Party%20Transactions)) Estimated daily related party transactions for 2025 total **RMB 6.569 billion**, with **RMB 396.69 million** in purchases and **RMB 1.84 billion** in sales incurred - The company's estimated total daily operating related party transactions with associated parties for 2025 are **RMB 6.569 billion**[75](index=75&type=chunk) - As of the end of the reporting period, the company incurred **RMB 396.6912 million** in related party purchases and **RMB 1.8398521 billion** in related party sales with associated parties[75](index=75&type=chunk)[78](index=78&type=chunk) 2025 Semi-Annual Daily Related Party Transactions (Unit: RMB 10,000) | Related Party Transaction Category | 2025 Estimated Amount | 2025 Amount Incurred | | :--- | :--- | :--- | | Purchase of raw materials and goods from related parties | 97,000.00 | 26,506.58 | | Sale of products and goods to related parties | 517,500.00 | 181,031.34 | | Provision of labor to related parties | 10,000.00 | 2,953.87 | | Acceptance of labor from related parties | 32,400.00 | 13,162.54 | | **Total** | **656,900.00** | **223,654.33** | [2. Matters Already Disclosed in Interim Announcements with Subsequent Progress or Changes (Asset Transactions)](index=27&type=section&id=2.%20Matters%20Already%20Disclosed%20in%20Interim%20Announcements%20with%20Subsequent%20Progress%20or%20Changes%20(Asset%20Transactions)) The company completed asset sales totaling **RMB 1.426 billion** to its controlling shareholder and acquired **67%** equity in Taiyuan Heavy Industry Xiangming for **RMB 299.52 million** - The company transferred its pull-stretch-foam project assets to its wholly-owned subsidiary, Taiyuan Heavy Industry Chahar Right Wing Middle Banner Co., and simultaneously transferred the wind power equipment (tower barrel) manufacturing business-related assets held by Taiyuan Heavy Industry Chahar Right Wing Middle Banner Co. back to Taiyuan Heavy Industry, then transferred **100%** equity of Taiyuan Heavy Industry Chahar Right Wing Middle Banner Co. to its controlling shareholder, TZ Group, with the asset sale price of **RMB 959.2432 million** fully completed[79](index=79&type=chunk) - The company sold its controlling wind power company equity to its controlling shareholder, TZ Group, with the asset sale price of **RMB 466.5568 million** fully completed[80](index=80&type=chunk) - The company acquired a total of **67%** equity in Taiyuan Heavy Industry Xiangming, with a total transaction price of **RMB 299,515,795**[80](index=80&type=chunk) [Section VI Share Changes and Shareholder Information](index=30&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details the company's share capital, shareholder structure, and director/senior management holdings, including post-period adjustments [1. Share Capital Changes](index=30&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) While share capital was stable in the period, it decreased post-period from **3.361 billion to 3.347 billion shares** due to restricted stock cancellation - During the reporting period, the company's total share capital and share structure remained unchanged[88](index=88&type=chunk) - On July 8, 2025, the company disclosed the repurchase and cancellation of **14,153,670 restricted shares** from its 2022 restricted stock incentive plan, which was completed on July 10, 2025[89](index=89&type=chunk) - This matter resulted in the company's total share capital changing from **3,361,256,840 shares to 3,347,103,170 shares**, which is a post-reporting period event[89](index=89&type=chunk) [2. Shareholder Information](index=30&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) At period-end, the company had **100,020** common shareholders, with TZ Group holding **49.91%** as the controlling shareholder - Total number of common shareholders at the end of the reporting period: **100,020** households[90](index=90&type=chunk) Top Ten Shareholders as of the End of the Reporting Period | Shareholder Name | Shares Held at Period End (shares) | % | Shareholder Nature | | :--- | :--- | :--- | :--- | | Taiyuan Heavy Machinery Group Co., Ltd. | 1,677,742,925 | 49.91 | State-owned Legal Person | | Zhu Qing | 40,600,939 | 1.21 | Unknown | | Shanxi Provincial Tourism Investment Holding Group Co., Ltd. | 32,723,400 | 0.97 | State-owned Legal Person | | Hong Kong Securities Clearing Company Limited | 31,531,587 | 0.94 | Unknown | | China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF | 15,874,400 | 0.47 | Unknown | | Henan Zhaoteng Investment Group Co., Ltd. | 9,482,689 | 0.28 | Unknown | | China Merchants Bank Co., Ltd. - ChinaAMC CSI 1000 ETF | 9,150,300 | 0.27 | Unknown | | Xing Guibin | 8,315,100 | 0.25 | Unknown | | Industrial and Commercial Bank of China Co., Ltd. - GF CSI 1000 ETF | 7,289,920 | 0.22 | Unknown | | Zhao Chuanmin | 6,500,000 | 0.19 | Unknown | - Controlling shareholder: Taiyuan Heavy Machinery Group Co., Ltd[93](index=93&type=chunk) [3. Directors and Senior Management Information](index=32&type=section&id=%E4%B8%89%E3%80%81%E8%91%A3%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) Post-period, senior management shareholdings changed due to restricted stock repurchase and cancellation - On July 8, 2025, the company disclosed the repurchase and cancellation of some restricted shares from its 2022 restricted stock incentive plan, leading to changes in the shareholdings of senior management[94](index=94&type=chunk) Senior Management Shareholding Changes (Post-Reporting Period) | Name | Shares Held Before Change | Number of Shares Changed | Shares Held After Change | | :--- | :--- | :--- | :--- | | Zhang Jiangong | 82,800 | -41,400 | 41,400 | | Han Yuming | 246,000 | -123,000 | 123,000 | | Cheng Dongsheng | 306,000 | -153,000 | 153,000 | | He Wei | 230,280 | -115,140 | 115,140 | | Duan Zhihong | 205,860 | -102,930 | 102,930 | | Zhao Xiaoqiang | 196,440 | -98,220 | 98,220 | [Section VII Bond-Related Information](index=33&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section details corporate bonds, including redemption status, interest-bearing debt structure, and key financial indicators [1. Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=33&type=section&id=1.%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) This section provides basic information and redemption status for the "22 Taiyuan Heavy Industry 01" bond, fully redeemed on June 17, 2025 - The company bond "22 Taiyuan Heavy Industry 01" (abbreviation), code 194709, was issued on June 17, 2022, and matured on June 17, 2025[97](index=97&type=chunk) - The bond's coupon rate was **3.10%**, with annual interest payment and principal repayment at maturity[97](index=97&type=chunk) - The "22 Taiyuan Heavy Industry 01" corporate bond was fully redeemed on June 17, 2025[97](index=97&type=chunk) [4. Significant Matters Related to Corporate Bonds During the Reporting Period](index=34&type=section&id=4.%20Significant%20Matters%20Related%20to%20Corporate%20Bonds%20During%20the%20Reporting%20Period) The company had no non-operating intercompany receivables or fund borrowings, with interest-bearing debt showing minor changes - At the beginning and end of the reporting period, the company's consolidated non-operating intercompany receivables and fund borrowings balances were both **RMB 0 billion**[99](index=99&type=chunk) Company (Non-Consolidated) Interest-Bearing Debt Structure (Unit: RMB 100 million) | Interest-Bearing Debt Category | Total Amount | % of Total Interest-Bearing Debt | | :--- | :--- | :--- | | Bank Loans | 112.08 | 96.95 | | Other Interest-Bearing Debt | 3.53 | 3.05 | | **Total** | **115.61** | **—** | Company Consolidated Interest-Bearing Debt Structure (Unit: RMB 100 million) | Interest-Bearing Debt Category | Total Amount | % of Total Interest-Bearing Debt | | :--- | :--- | :--- | | Bank Loans | 157.77 | 94.94 | | Other Interest-Bearing Debt | 8.42 | 5.06 | | **Total** | **166.19** | **—** | - At the end of the reporting period, the balance of overseas bonds issued within the company's consolidated scope was **RMB 0 billion**[104](index=104&type=chunk) [7. Key Accounting Data and Financial Indicators](index=35&type=section&id=7.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section presents key financial indicators like liquidity, leverage, and profitability ratios, with explanations for their period-end changes 2025 Semi-Annual Key Financial Indicator Changes | Key Indicator | Current Period End | Prior Year End | Change from Prior Year End (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Current Ratio | 1.35 | 1.25 | 8.00 | Increase in accounts receivable and inventories in current assets; change in financing structure, decrease in short-term borrowings | | Quick Ratio | 0.77 | 0.72 | 6.94 | Increase in accounts receivable in quick assets; change in financing structure, decrease in short-term borrowings | | Asset-Liability Ratio (%) | 81.49 | 81.07 | 0.42 | Investment in transformation projects and working capital for batch product production and operation increased financing scale, temporarily pushing it up | | Net Profit After Deducting Non-Recurring Gains and Losses | RMB -1,330,676.55 | RMB -24,928,610.14 | Not Applicable | Company's profitability strengthened, net profit attributable to shareholders of listed company increased, non-recurring gains and losses decreased compared to prior year | | Total Debt to EBITDA | 0.0365 | 0.0350 | 4.29 | Total debt decreased in the current period compared to prior year | | Interest Coverage Ratio | 1.46 | 1.49 | -2.01 | Earnings before interest and taxes decreased in the current period compared to prior year | | Cash Interest Coverage Ratio | 1.42 | 1.44 | -1.39 | Net cash flow from operating activities decreased in the current period | | Interest Coverage Ratio (EBITDA) | 3.00 | 2.73 | 9.89 | Financing costs decreased in the current period, leading to reduced interest expenses | | Loan Repayment Rate (%) | 100 | 100 | 0 | | | Interest Payment Rate (%) | 100 | 100 | 0 | | [Section VIII Financial Report](index=37&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section includes financial statements, company basics, accounting policies, taxation, and detailed notes on various financial items and risks [2. Financial Statements](index=37&type=section&id=2.%20Financial%20Statements) This section presents the consolidated and parent company financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity - Consolidated balance sheet (June 30, 2025) shows total assets of **RMB 32,418,329,371.82**[110](index=110&type=chunk)[111](index=111&type=chunk)[112](index=112&type=chunk) - Consolidated income statement (January-June 2025) shows total operating revenue of **RMB 4,758,613,916.87** and net profit of **RMB 83,932,020.75**[119](index=119&type=chunk)[120](index=120&type=chunk)[121](index=121&type=chunk) - Consolidated cash flow statement (January-June 2025) shows net cash flow from operating activities of **RMB 68,630,532.99**[126](index=126&type=chunk)[127](index=127&type=chunk)[128](index=128&type=chunk) [3. Company Basic Information](index=54&type=section&id=3.%20Company%20Basic%20Information) This section outlines the company's establishment, governance, products, and identifies its controlling and ultimate actual controllers - Taiyuan Heavy Industry Co., Ltd. was registered with the Shanxi Provincial Administration for Industry and Commerce on July 6, 1998, and listed on the Shanghai Stock Exchange on September 4, 1998[141](index=141&type=chunk) - The company operates in the machinery manufacturing industry, primarily manufacturing and selling train wheels, train axles, metallurgical, rolling, forging, hoisting, non-standard equipment, and other products or services[143](index=143&type=chunk) - The company's controlling shareholder is Taiyuan Heavy Machinery Group Co., Ltd.; the actual controller and ultimate controller is the State-owned Assets Supervision and Administration Commission of Shanxi Provincial People's Government[144](index=144&type=chunk) - The company consolidated 20 subsidiaries in January-June 2025[144](index=144&type=chunk) [4. Basis of Financial Statement Preparation](index=54&type=section&id=4.%20Basis%20of%20Financial%20Statement%20Preparation) Financial statements are prepared on a going concern basis, adhering to accounting standards, using historical cost, and recognizing impairment provisions - The company's financial statements are prepared on a going concern basis[145](index=145&type=chunk) - These financial statements are prepared in accordance with the Enterprise Accounting Standards issued by the Ministry of Finance, their application guidelines, interpretations, and other relevant regulations[147](index=147&type=chunk) - The company's accounting is based on the accrual basis; except for certain financial instruments, these financial statements are measured at historical cost[147](index=147&type=chunk) [5. Significant Accounting Policies and Estimates](index=55&type=section&id=5.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's significant accounting policies and estimates across various financial areas, including financial instruments, assets, liabilities, revenue, and share-based payments, along with materiality standards - The company determines the recognition and measurement of bad debt provisions for accounts receivable, inventory valuation methods, depreciation of fixed assets, amortization of intangible assets, capitalization conditions for R&D expenses, and revenue recognition policies based on its production and operation characteristics[148](index=148&type=chunk) - Financial instrument classification and measurement: Classified as financial assets measured at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss, based on the business model for managing financial assets and contractual cash flow characteristics[166](index=166&type=chunk) - Revenue recognition: Revenue is recognized when performance obligations in a contract are satisfied, i.e., when the customer obtains control of the related goods or services, including sales of goods and provision of engineering project construction services[236](index=236&type=chunk)[238](index=238&type=chunk)[239](index=239&type=chunk) - R&D expenditures: Distinguished between research phase expenditures and development phase expenditures, with development phase expenditures capitalized when specific conditions are met simultaneously[219](index=219&type=chunk) - Key accounting estimates and critical assumptions include the classification of financial assets, measurement of expected credit losses for accounts receivable, goodwill impairment, development expenditures, deferred tax assets, and fair value determination of unlisted equity investments[260](index=260&type=chunk)[261](index=261&type=chunk)[262](index=262&type=chunk)[263](index=263&type=chunk)[264](index=264&type=chunk)[265](index=265&type=chunk)[266](index=266&type=chunk) [6. Taxation](index=77&type=section&id=6.%20Taxation) This section discloses the company's main tax categories and rates, including corporate income tax rates and high-tech enterprise incentives Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Taxable Income | 13%, 9%, 6% | | Urban Maintenance and Construction Tax | Amount of Turnover Tax Payable | 7%, 5% | | Corporate Income Tax | Taxable Income | 15%-25% | | Education Surcharge | Amount of Turnover Tax Payable | 5% | | Property Tax | Based on Value, Based on Rent | 1.2%, 12% | | Land Use Tax | Taxable Area | RMB 2.7/M², RMB 4/M² | - The company, Taiyuan Heavy Industry Engineering Technology Co., Ltd., and Taiyuan Heavy Industry Rail Transit Equipment Co., Ltd. have all obtained high-tech enterprise certificates and enjoy a **15%** corporate income tax preferential rate[269](index=269&type=chunk) - Some subsidiaries (e.g., Taiyuan Heavy Industry (Shanghai) Equipment Sales Co., Ltd.) are eligible for small and micro-profit enterprise policies, calculating taxable income at **25%** and paying corporate income tax at a **20%** rate, extended until December 31, 2027[271](index=271&type=chunk) [7. Notes to Consolidated Financial Statement Items](index=79&type=section&id=7.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes for consolidated financial statement items, including monetary funds, receivables, inventories, and operating performance - Monetary funds at period-end totaled **RMB 2,171,124,332.27**, of which **RMB 420,076,475.20** were restricted funds, mainly for bank acceptance bills and letter of guarantee deposits[273](index=273&type=chunk)[379](index=379&type=chunk) - Accounts receivable at period-end totaled **RMB 7,768,645,767.71**, with bad debt provisions of **RMB 999,681,752.83**[289](index=289&type=chunk) - Inventories at period-end had a book value of **RMB 9,399,560,853.52**, with inventory impairment provisions of **RMB 84,408,452.07**[331](index=331&type=chunk) - Construction in progress at period-end had a book value of **RMB 2,598,366,803.89**, with major projects including the high-end machinery assembly line project, machining capability enhancement project, and Pinglu District Xiamian Gao Township 100MW wind power project[356](index=356&type=chunk)[358](index=358&type=chunk) - Operating revenue was **RMB 4,758,613,916.87**, and operating cost was **RMB 3,938,323,542.90**[432](index=432&type=chunk) - Government grants recognized in profit or loss for the current period totaled **RMB 23,849,614.08**[491](index=491&type=chunk) - Losses from the company's overall relocation will be compensated by the government through land revenue return, recognized as relocation shutdown losses of **RMB 2,148,392,028.27** in other non-current assets[378](index=378&type=chunk) [8. Research and Development Expenses](index=136&type=section&id=8.%20Research%20and%20Development%20Expenses) Total R&D expenditure for the period was **RMB 361.13 million**, with **RMB 229.02 million** expensed and **RMB 132.11 million** capitalized, detailing project progress 2025 Semi-Annual R&D Expenses by Nature | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Labor Costs | 120,180,226.11 | 94,480,445.59 | | Material Costs | 75,555,571.01 | 91,549,113.22 | | Depreciation and Amortization | 71,330,194.62 | 73,469,731.51 | | Travel Expenses | 5,033,486.49 | 5,646,735.03 | | Service Fees | 18,106,849.96 | 1,582,316.09 | | Commissioned Development Fees | 68,316,875.91 | 15,843,355.22 | | Others | 2,610,724.33 | 4,592,218.80 | | **Total** | **361,133,928.43** | **287,163,915.46** | | Of which: Expensed R&D | 229,023,563.96 | 176,443,920.30 | | Capitalized R&D | 132,110,364.47 | 110,719,995.16 | - Important capitalized R&D projects include large open-pit mining, excavation, and transportation equipment development projects, new rolling mill equipment and key technology development, and engineering cranes and civil cranes series product development projects[478](index=478&type=chunk) [9. Changes in Consolidation Scope](index=138&type=section&id=9.%20Changes%20in%20Consolidation%20Scope) The company reported no changes in consolidation scope, including business combinations or subsidiary disposals - During the reporting period, the company had no business combinations involving non-common control[479](index=479&type=chunk) - During the reporting period, the company had no business combinations involving common control[480](index=480&type=chunk) - During the reporting period, the company had no reverse acquisitions[480](index=480&type=chunk) - During the reporting period, the company had no disposals of subsidiaries leading to loss of control[480](index=480&type=chunk) [10. Interests in Other Entities](index=139&type=section&id=10.%20Interests%20in%20Other%20Entities) This section details the company's group structure, including 20 subsidiaries, and provides financial information for significant non-wholly-owned subsidiaries and immaterial associates - The company's corporate group consists of **20 subsidiaries**, including Taiyuan Heavy Industry Engineering Technology Co., Ltd. and Taiyuan Heavy Industry Rail Transit Equipment Co., Ltd[140](index=140&type=chunk) - The significant non-wholly-owned subsidiary is Taiyuan Heavy Industry Rail Transit Equipment Co., Ltd., with a minority shareholder's equity ratio of **20%**[484](index=484&type=chunk) Taiyuan Heavy Industry Rail Transit Equipment Co., Ltd. Key Financial Information (Unit: RMB) | Indicator | Period-End Balance | Period-Beginning Balance | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | :--- | :--- | | Current Assets | 5,934,272,954.90 | 4,980,128,049.19 | | | | Non-Current Assets | 1,989,692,032.49 | 1,981,588,566.42 | | | | Total Assets | 7,923,964,987.39 | 6,961,716,615.61 | | | | Current Liabilities | 3,042,655,377.17 | 1,996,856,224.18 | | | | Non-Current Liabilities | 1,383,227,410.96 | 1,668,427,133.20 | | | | Total Liabilities | 4,425,882,788.13 | 3,665,283,357.38 | | | | Operating Revenue | | | 1,566,244,322.18 | 1,450,281,450.69 | | Net Profit | | | 201,648,941.03 | 197,374,048.01 | | Total Comprehensive Income | | | 201,648,941.03 | 197,374,048.01 | | Operating Cash Flow | | | -586,517,798.44 | -648,788,837.43 | - The total book value of investments in immaterial associates is **RMB 29,313,209.60**[487](index=487&type=chunk) [11. Government Grants](index=144&type=section&id=11.%20Government%20Grants) New government grants totaled **RMB 9.23 million**, with **RMB 23.85 million** recognized in profit or loss for the period Deferred Income Government Grants (Unit: RMB) | Financial Statement Item | Beginning Balance | New Grants (Current Period) | Amount Recognized in Non-Operating Income (Current Period) | Amount Transferred to Other Income (Current Period) | Ending Balance | | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 347,885,678.10 | 9,225,452.16 | | 17,064,336.44 | 340,046,793.82 | Government Grants Recognized in Profit or Loss for the Current Period (Unit: RMB) | Type | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Asset-Related | 17,064,336.44 | 14,797,607.02 | | Income-Related | 6,785,277.64 | 13,923,324.88 | | **Total** | **23,849,614.08** | **28,720,931.90** | [12. Risks Related to Financial Instruments](index=145&type=section&id=12.%20Risks%20Related%20to%20Financial%20Instruments) This section analyzes credit, liquidity, and market risks related to financial instruments, outlining management strategies for each - Credit risk primarily arises from bank deposits and accounts receivable, managed by assessing debtor creditworthiness, setting credit limits and terms, and regularly monitoring credit records[492](index=492&type=chunk) - Liquidity risk is managed by maintaining sufficient cash and cash equivalents, monitoring bank loan utilization, and securing committed backup facilities[493](index=493&type=chunk) - Market risk includes interest rate risk and exchange rate risk; interest rate risk, mainly from long-term bank borrowings and bonds payable, is managed by determining the relative proportion of fixed and floating rate contracts, while exchange rate risk, from financial instruments denominated in foreign currencies like USD and EUR, is closely monitored[498](index=498&type=chunk)[499](index=499&type=chunk)[500](index=500&type=chunk) - The company's capital management policy aims to ensure continuous operation, provide returns to shareholders, and maintain an optimal capital structure to minimize capital costs[501](index=501&type=chunk) [13. Disclosure of Fair Value](index=147&type=section&id=13.%20Disclosure%20of%20Fair%20Value) This section discloses the fair value of assets and liabilities, totaling **RMB 359.29 million**, categorized by fair value hierarchy 2025 Semi-Annual Fair Value of Assets and Liabilities Measured at Fair Value at Period-End (Unit: RMB) | Item | Level 1 Fair Value Measurement | Level 2 Fair Value Measurement | Level 3 Fair Value Measurement | Total | | :--- | :--- | :--- | :--- | :--- | | Other Equity Instrument Investments | 7,344,308.49 | | 65,080,988.55 | 72,425,297.04 | | Accounts Receivable Financing | | 286,859,817.69 | | 286,859,817.69 | | **Total Assets Continuously Measured at Fair Value** | **7,344,308.49** | **286,859,817.69** | **65,080,988.55** | **359,285,114.73** | [14. Related Parties and Related Party Transactions](index=149&type=section&id=14.%20Related%20Parties%20and%20Related%20Party%20Transactions) This section details related parties and transactions, including purchases, sales, services, leases, guarantees, and asset transfers - The company's parent company is Taiyuan Heavy Machinery Group Co., Ltd., with a shareholding ratio of **49.91%**[507](index=507&type=chunk) - Other related parties include several enterprises controlled by the same parent company as the company[508](index=508&type=chunk) - During the current period, related party transactions for purchases and sales of goods, and provision and acceptance of services, included **RMB 223,654,330.28** for purchasing goods/accepting services and **RMB 1,839,852,100.00** for selling goods/providing services[78](index=78&type=chunk)[511](index=511&type=chunk) - As a lessee, the company paid rent and interest expenses to related parties such as Shanxi Intelligent Equipment Industrial Park Co., Ltd[513](index=513&type=chunk) - As a guaranteed party, the company received multiple guarantees from Taiyuan Heavy Machinery Group Co., Ltd., totaling **RMB 1,744,221,406.02**[514](index=514&type=chunk)[517](index=517&type=chunk) - Related party asset transfers occurred in the current period, with sales of fixed assets totaling **RMB 1,620,427.00**[519](index=519&type=chunk) - The company signed a trademark use license agreement with Taiyuan Heavy Machinery Group Co., Ltd. for the free use of the "TZ" brand trademark[520](index=520&type=chunk) [15. Share-Based Payments](index=159&type=section&id=15.%20Share-Based%20Payments) This section discloses equity-settled share-based payment plans, with **RMB 2.20 million** in expenses recognized - The cumulative amount of equity-settled share-based payments recognized in capital reserve is **RMB 11,736,577.66**[528](index=528&type=chunk) - Total share-based payment expenses for the current period were **RMB 2,195,030.28**, comprising **RMB 1,811,329.68** for initial grants and **RMB 383,700.60** for reserved grants[531](index=531&type=chunk) - Total amortization expenses for initially granted restricted shares to incentive recipients were **RMB 48.9307 million**, and for reserved granted restricted shares were **RMB 10.3582 million**[528](index=528&type=chunk)[529](index=529&type=chunk) [16. Commitments and Contingencies](index=161&type=section&id=16.%20Commitments%20and%20Contingencies) This section discloses significant commitments, including long-term asset construction and unfulfilled capital contributions, and contingent liabilities from debt guarantees - Commitments for constructing long-term assets that have been signed but not yet recognized in the financial statements total **RMB 325.4759 million**[532](index=532&type=chunk) - Several subsidiaries have unfulfilled registered capital contributions, such as Shanxi Taiyuan Heavy Industry Intelligent Equipment Co., Ltd. with **RMB 328.97 million** yet to be contributed[532](index=532&type=chunk)[533](index=533&type=chunk)[534](index=534&type=chunk) - As of June 30, 2025, the company provided balance repurchase guarantees for Anda Laohugang Wind Farm Co., Ltd. and Dorbod Mongolian Autonomous County Latuanpao Wind Power Generation Co., Ltd., with total guarantee amounts of **RMB 900 million** at period-end[535](index=535&type=chunk)[536](index=536&type=chunk)[537](index=537&type=chunk) - The company has no other significant contingent matters requiring disclosure[538](index=538&type=chunk) [19. Notes to Major Items in Parent Company Financial Statements](index=163&type=section&id=19.%20Notes%20to%20Major%20Items%20in%20Parent%20Company%20Financial%20Statements) This section provides detailed notes for the parent company's financial statements, including receivables, investments, and operating performance - Parent company's accounts receivable at period-end totaled **RMB 7,592,587,554.66**, with bad debt provisions of **RMB 962,995,055.21**[164](index=164&type=chunk)[545](index=545&type=chunk)[552](index=552&type=chunk) - Parent company's other receivables at period-end totaled **RMB 469,584,735.60**, with bad debt provisions of **RMB 31,262,875.24**[167](index=167&type=chunk)[563](index=563&type=chunk)[565](index=565&type=chunk) - Parent company's investments in subsidiaries at period-end had a book value of **RMB 2,313,835,197.25**[568](index=568&type=chunk) - Parent company's operating revenue was **RMB 3,131,801,363.94**, and operating cost was **RMB 2,740,933,299.76**[575](index=575&type=chunk) - Parent company's investment income was **RMB 4,318,475.75**[577](index=577&type=chunk) [20. Supplementary Information](index=176&type=section&id=20.%20Supplementary%20Information) This section provides supplementary information, including non-recurri

格隆汇8月25日丨太原重工(600169.SH)公布半年度报告，报告期内公司整体经营稳中向好，改革成效日 益凸显，创新发展多点突破。公司上半年实现营业收入47.59亿元，同比增长30.81%，利润总额1.20亿 元，同比增长3.38%，归属于上市公司股东的净利润4384.8万元，同比增长5.92%。 ...

第二条 本办法所称"信息"是指所有可能对公司股票及其衍生品 种交易价格产生较大影响的信息以及证券监管部门要求披露的信息； 本办法所称"披露"是指在规定的时间内、在上海证券交易所网站和 符合中国证监会规定条件的媒体上、以规定的方式向社会公众公布前 述的信息，并送达证券监管部门。 第三条 本办法所称"信息披露义务人"，除公司本身外还包括： 1.公司董事、高级管理人员； 2.公司各部门、各控股子公司（包括直接控股和间接控股）、各 参股公司及其主要负责人； 太原重工股份有限公司规章制度 信息披露管理办法 一、总 则 第一条 为了加强对太原重工股份有限公司（以下简称"公司"） 信息披露工作的管理，保护公司股东、债权人及其他利益相关人员的 合法权益，规范公司的信息披露行为，根据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司信息披露管理办法》《上海证 券交易所股票上市规则》等法律、行政法规和规范性文件及公司章程， 结合公司的实际情况，特制定本办法。 3.公司控股股东、实际控制人、持股 5%以上的股东； 4.法律、法规和规范性文件规定的其他负有信息披露义务人。 二、信息披露的基本原则 第四条 信息披露义务人应当 ...

太原重工股份有限公司规章制度 董事离职管理制度 一、总 则 第一条 为规范太原重工股份有限公司（以下简称"公司"）董 事离职程序，确保公司治理结构的稳定性和连续性，维护公司及股东 的合法权益，公司根据《中华人民共和国公司法》（以下简称"《公 司法》"）《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司治理准则》《上海证券交易所股票上市规则》等法律法规、 规范性文件、证券交易所业务规则及《太原重工股份有限公司章程》 （以下简称"《公司章程》"），制订本制度。 第二条 本制度适用于公司董事（含独立董事）因任期届满、辞 职、被解除职务或其他原因离职的情形。 第三条 公司董事离职管理应遵循以下原则： 1.合法合规原则：严格遵守国家法律法规、监管规定及《公司章 程》的要求； 2.公开透明原则：及时、准确、完整地披露董事离职相关信息； 3.平稳过渡原则：确保董事离职不影响公司正常经营和治理结构 的稳定性； 4.保护股东权益原则：维护公司及全体股东的合法权益。 二、离职情形与程序 第四条 公司董事离职包含任期届满未连任、主动辞职、被解除 职务以及其他导致董事实际离职等情形。 - 1 - 第五条 辞职程序：公司董 ...

太原重工股份有限公司规章制度 债券募集资金管理制度 一、 总 则 第一条 为规范太原重工股份有限公司（以下简称"公司"）债券 募集资金的管理和运用，切实保护投资者利益，根据《公司法》、《证 券法》、《公司债券发行与交易管理办法》以及证券交易所公司债券 挂牌转让规则等相关法律、法规的规定，结合公司实际情况，制定本 制度。 第二条 本制度所称公司债券指适用于《公司债券发行与交易管理 办法》，在境内公开发行公司债券并在证券交易所、全国中小企业股 份转让系统交易，或非公开发行公司债券并在证券交易所、全国中小 企业股份转让系统、证券公司柜台等转让的公司债券（包括但不限于 一般公司债券、可续期公司债券等）。 第三条 本制度所称公司债券募集资金是指公司通过公开或非公 开发行公司债券向投资者募集并用于特定用途的资金。公司债券募集 资金限定用于主管部门核准或公司约定的用途，不得用于转借他人， 不得用于弥补亏损和非生产性支出。 第四条 公司应根据《公司法》、《证券法》、《公司债券发行与 交易管理办法》等相关法律、法规的规定及募集说明书的约定，履行 信息披露义务。 第五条 公司董事和高级管理人员应当勤勉尽责，督促公司规范运 用募集 ...

太原重工股份有限公司规章制度 信息披露暂缓与豁免管理制度 一、总 则 第一条 为规范太原重工股份有限公司（以下简称"公司"）信 息披露暂缓与豁免行为，促进公司依法合规履行信息披露义务，保护 投资者的合法权益，根据《中华人民共和国证券法》《上海证券交易 所股票上市规则》（以下简称"《股票上市规则》"）《上市公司信 息披露暂缓与豁免管理规定》等法律法规及《公司章程》的相关规定， 制定本制度。 第二条 公司依据相关法律法规及上海证券交易所规则，对符合 规定的特定信息（涉及国家秘密、商业秘密等）采取暂缓披露或豁免 披露措施的，适用本制度。 第三条 公司应当审慎确定信息披露暂缓、豁免事项，履行内部 审核程序后实施。 二、信息披露暂缓与豁免的适用情形 第四条 公司有确实充分的证据证明拟披露的信息涉及国家秘密 或者其他因披露可能导致违反国家保密规定、管理要求的事项（以下 统称"国家秘密"），依法豁免披露。 第六条 公司拟披露的信息涉及商业秘密或者保密商务信息（以 下统称"商业秘密"），符合下列情形之一，且尚未公开或者泄露的， 可以暂缓或者豁免披露： 1.属于核心技术信息等，披露后可能引致不正当竞争的； 2.属于公司自身经营 ...

太原重工股份有限公司规章制度 董事会战略委员会工作细则 一、总 则 第一条 为适应太原重工股份有限公司（以下简称"公司"）战略 发展需要，增强公司核心竞争力，确定公司发展规划，健全投资决策 程序，完善公司治理结构，根据《中华人民共和国公司法》、《上市公 司治理准则》、《太原重工股份有限公司章程》（以下简称"《公司章程》"） 及其他有关规定，公司特设立董事会战略委员会，并制定本细则。 第二条 董事会战略委员会是董事会下设的专门工作机构，主要 负责对公司长期发展战略和重大投资决策进行研究并提出建议。 第七条 战略委员会的主要职责权限： -1- 1.对公司长期发展战略进行研究并提出建议； 2.对《公司章程》中规定须经董事会批准的重大投资、融资方案 进行研究并提出建议； 二、人员组成 第三条 战略委员会成员由三名董事组成，其中至少包含一名独 立董事。 第四条 战略委员会委员由董事长、二分之一以上独立董事或者 全体董事的三分之一提名，并由董事会选举产生。 第五条 战略委员会设主任委员一名，负责主持委员会工作。主 任委员在委员内选举产生。 第六条 战略委员会任期与董事会任期一致。期间如有委员不再 担任公司董事职务，自动失 ...

第一条 为规范太原重工股份有限公司 (以下简称"公司") 重大 信息内部报告工作，保证公司信息披露的及时、准确、完整，根据《中 华人民共和国公司法》、《中华人民共和国证券法》、《上市公司信息披 露管理办法》、《上海证券交易所股票上市规则》、《上海证券交易所主 板上市公司规范运作指引》等法律、法规、规范性文件及《太原重工 股份有限公司章程》的有关规定，结合公司实际情况，制定本制度。 太原重工股份有限公司规章制度 重大信息内部报告制度 一、总 则 第二条 公司重大信息内部报告制度是指当出现、发生或即将发生 对公司股票及其衍生品种交易价格可能或已经产生较大影响的情形或 事件时，本制度规定的负有报告义务的有关人员 (以下简称"报告义务 人") ，应及时将相关信息通过董事会秘书或证券部向董事会报告的制 度。 第三条 本制度适用于公司、公司控股股东和实际控制人、全资子 公司及控股子公司、分公司。 持有公司 5%以上股份的股东及其一致行动人也应根据相关法规 和本制度要求，在发生或即将发生与公司相关的重大事件时，及时告 知董事会秘书和证券部，履行重大信息报告义务。 第四条 本制度所称重大信息"报告义务人"包括： 6.其他可能 ...

太原重工股份有限公司规章制度 对外捐赠管理规定 一、总 则 第一条 为规范太原重工股份有限公司（以下简称公司）对外捐 赠行为，加强对外捐赠事项的管理，更好地履行社会责任，根据《公 益事业捐赠法》、《公司法》、《省监管企业对外捐赠管理暂行规定》（晋 国资发[2010]27 号）、《省属国有企业党委重大事项决策程序前置规定》 （晋国资党发[2019]72 号）等法律、法规以及公司章程，结合公司的 实际情况，制定本规定。 第二条 本规定适用于公司及所属各子公司、分公司（以下简称 各单位）的对外捐赠行为。分公司及各职能部门（含业务中心）的捐 赠行为以所属法人单位名义对外进行。 二、对外捐赠的原则 第三条 对外捐赠的原则： 1.自愿无偿：各单位对外捐赠，不得要求受赠方在融资、市场准 入、行政许可、占有其他资源等方面创造便利条件，不得以捐赠为名 从事营利活动。 2.程序规范：对外捐赠应当遵守法律、法规，不得违背社会公德， 不得损害社会公共利益和其他公民的合法权益。各单位对外捐赠由公 司统一审批。未经批准，各单位不得实施对外捐赠。 3.量力而行：对外捐赠要结合自身经营情况、盈利能力、负债水 平、财务承受能力等因素合理确定对 ...