证券代码：600169 证券简称：ST 太重 公告编号：2025-054 太原重工股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2025 年 11 月 27 日 （星期四） 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 20 日 （星期四） 至 11 月 26 日 （星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （tyhi@tz.com.cn）进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 太原重工股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公 司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三 季度经营成果、财务状 ...

Core Viewpoint - Taiyuan Heavy Industry Co., Ltd. emphasizes the importance of technological innovation for corporate development and outlines its strategic direction towards advanced manufacturing and industry upgrades [1] Group 1: Production and Technological Upgrades - The company has successfully transitioned from a traditional workshop-style production to a streamlined process-oriented production line, significantly improving product quality and reducing production costs, thus providing better value for customers [1] - Taiyuan Heavy Industry has established an industry "lighthouse factory" utilizing information technology and intelligent methods, receiving national-level smart factory recognition, which demonstrates a significant enhancement in manufacturing capabilities [1] Group 2: Development Strategy - The company has organized a series of product launch activities under the theme "Manufacturing Power, Equipment with Me," aiming for a development direction focused on refinement, internationalization, high-end, and intelligence [1] - The strategy emphasizes continuous technological innovation to enhance core competitiveness and contribute to the goal of becoming a manufacturing powerhouse while creating greater value for investors [1]

Core Viewpoint - Taiyuan Heavy Industry Co., Ltd. emphasizes the importance of technological innovation for corporate development and outlines its strategic direction for future growth [1] Group 1: Production and Technological Upgrades - The company has successfully transitioned from a traditional workshop-style production to a streamlined assembly line production, significantly improving product quality and reducing production costs, thus providing better value for customers [1] - Taiyuan Heavy Industry has established an industry "lighthouse factory" utilizing information technology and intelligent methods, receiving national-level smart factory recognition, which demonstrates a significant enhancement in manufacturing capabilities [1] Group 2: Strategic Development Direction - The company has organized a series of product launch activities under the theme "Manufacturing Power, Equipment with Me," aiming for a development direction focused on refinement, internationalization, high-end, and intelligence [1] - The company is committed to continuously enhancing its core competitiveness through technological innovation to contribute to the goal of becoming a manufacturing powerhouse and to create greater value for investors [1]

Core Viewpoint - The roundtable discussion focuses on the theme of "Exploring the Future with Intelligence: Insights from Chairmen of Listed Companies on Industrial Upgrading and Rewarding Patient Capital" [2][4] Group 1: Industrial Upgrading - The roundtable aims to discuss the implementation of the "14th Five-Year Plan" and its emphasis on modernizing the industrial system, which includes nurturing emerging industries and optimizing traditional sectors [3][4] - Participants represent various industries, highlighting the importance of industrial upgrading as a core engine for high-quality economic development amidst global economic adjustments [4][10] - The discussion emphasizes the need for long-term value creation and social responsibility in the context of patient capital [4][10] Group 2: Company Introductions - Taoyuan Heavy Industry, represented by Chairman Tao Jiajin, focuses on heavy equipment manufacturing and has undergone significant production line upgrades [6][11] - Huaron Tai, led by Chairman Wang Limin, operates in the chemical and industrial engineering sectors and is set to be listed on the Hong Kong Stock Exchange [6][10] - Boya Precision, represented by Chairman Li Wenxi, reported a 60% revenue increase and an 80% profit increase in the first nine months of 2023 [7][10] - Caesar Travel, led by General Manager Ma Zhuofei, has a long history in the tourism industry and is adapting to post-pandemic market changes [8][22] - Tianli Composite, represented by Chairman Fan Kesha, specializes in composite materials and is actively engaging in new technology applications [9][16] - Rongxin Culture, led by Chairman Cai Hong, focuses on children's book publishing and has been a pioneer in the industry [9][26] Group 3: Responses to the "14th Five-Year Plan" - Taoyuan Heavy Industry's upgrades include transitioning to automated production lines and enhancing product quality through smart manufacturing [11][12] - Boya Precision emphasizes the importance of innovation and high-end product development to meet market demands [14][15] - Tianli Composite is exploring new fields and collaborating with universities to enhance its technological capabilities [16][17] - Huaron Tai is focusing on three main sectors: new energy, digitalization, and biomedicine, to drive future growth [19][20] Group 4: Patient Capital and Market Performance - Taoyuan Heavy Industry believes that consistent performance and growth are essential for rewarding patient capital [33] - Huaron Tai asserts that its companies are currently undervalued in the market and are working on improving communication and innovation [34] - Boya Precision highlights its commitment to R&D and shareholder returns as part of its long-term strategy [35] - Caesar Travel attributes its recent stock performance to the backing of state-owned capital and effective market strategies [38] - Tianli Composite emphasizes the importance of foundational strength and continuous dividends as a way to reward capital [39]

Core Viewpoint - The world's largest 65-ton lithium battery counterbalance forklift has been officially launched by Taiyuan Heavy Machinery Group, representing a significant technological breakthrough in the heavy-duty forklift sector and setting a new benchmark for electric heavy-duty handling equipment [1][3]. Group 1: Product Features - The 65-ton lithium battery counterbalance forklift breaks through the weight limit for lithium battery forklifts, achieving significant advantages in load capacity, transmission efficiency, climbing ability, and endurance [3]. - The forklift's mast is designed with high-strength steel plates and an increased cross-section, enhancing load capacity by 20%, while the frame employs a double-box beam structure, improving torsional and bending resistance by 30% [3]. - It utilizes high-pressure dual motor direct drive technology, achieving a transmission efficiency of over 95% [3]. - The vehicle is equipped with a high-efficiency energy-saving permanent magnet synchronous motor and a high-energy density lithium battery pack with dual-gun fast charging capabilities, providing strong power and long endurance [3]. Group 2: Automation and Production Process - The core processes of machining, welding, painting, assembly, and testing for the forklift have achieved full-process automation [4][5]. - In machining, the industry-first automatic blanking production line has been implemented with a 100% automation rate [4]. - Welding employs 3D arc tracking and the industry's first automatic assembly technology, also achieving a 100% automation rate [4]. - The painting process has achieved dual 100% for environmental emissions and spray parameter control [5]. - The assembly process utilizes an industry-first "ground-air integrated" logistics transport and fully automated tire installation and tightening system, ensuring 100% consistency in operational automation [5].

Core Insights - The company has launched the world's largest 65-ton lithium battery counterbalance forklift, setting a new benchmark in the industrial vehicle sector [1] - The forklift features a 20% increase in load capacity and a 30% improvement in torsional and bending resistance due to its high-strength steel frame design [1] - The innovative high-pressure dual-motor direct drive technology achieves over 95% transmission efficiency, enhancing performance [1] Group 1 - The forklift is equipped with a high-efficiency permanent magnet synchronous motor and a high-energy density lithium battery pack, providing long endurance and strong power [1] - It is designed for extreme working conditions, demonstrating exceptional performance in ports, steel enterprises, and large infrastructure projects [1] Group 2 - The manufacturing process of the forklift includes five core processes—machining, welding, painting, assembly, and testing—achieving full-process automation with a 100% automation rate in key areas [2] - The production line can complete the entire process from a steel plate to a finished forklift in just 6.5 minutes, significantly reducing customization delivery time by over half compared to industry standards [2] - The company has established the largest single factory for new energy intelligent forklift manufacturing globally, with an annual production capacity of 100,000 units, covering a product range from 1.5 tons to 65 tons [2]

证券代码：600169 证券简称：ST 太重 公告编号：2025-053 太原重工股份有限公司关于持股 5%以上 股东权益变动触及 1%刻度的提示性公告 公司控股股东太原重型机械集团有限公司保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加☑ | | 比例减少□ | | --- | --- | --- | --- | | 权益变动前合计比例 | 50.15% | | | | 权益变动后合计比例 | 51.23% | | | | 本次变动是否违反已作出的承 | 是□ | 否☑ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 2.信息披露义务人信息 信息披露义务人名称 投资者身份 统一社会信用代码 太原重型机械集团有 限公司 ☑ 控股股东/实控人 □ 控股股东/实控人的一致 行动人 □ 其他直接持股股东 ☑ 911400002762024554□ 不适用 二、 权益变动触及 1%刻度的基本情况 基于对公司价值的认可及未 ...

Core Viewpoint - The controlling shareholder, Taiyuan Heavy Industry Group, plans to increase its stake in Taiyuan Heavy Industry by acquiring between 80 million and 160 million yuan worth of shares within 12 months starting from July 26, 2025, reflecting confidence in the company's value and future development [1] Summary by Sections - **Shareholding Increase** - As of November 6, Taiyuan Heavy Industry Group has already acquired 36,342,981 shares, representing 1.08% of the total share capital, with an investment amount of 90.5586 million yuan [1] - **Shareholding Proportion** - Following this increase, the shareholding ratio of Taiyuan Heavy Industry Group has risen from 50.15% to 51.23%, marking a change that touches the 1% integer threshold [1] - **Regulatory Compliance** - The shareholding increase does not trigger a mandatory tender offer and does not alter the control rights of the company, indicating that the increase plan is not yet fully implemented [1]

Core Viewpoint - ST TaiZhong (600169.SH) announced that its controlling shareholder, TaiZhong Group, has increased its stake in the company, reaching a significant ownership threshold of 51.23% as of November 6, 2025 [1] Summary by Relevant Sections - **Shareholding Increase** - TaiZhong Group has cumulatively acquired 36.343 million shares through centralized bidding on the Shanghai Stock Exchange, representing 1.08% of the company's total share capital [1] - The total amount invested in this share acquisition is approximately 90.5586 million yuan, excluding stamp duty and transaction commissions [1] - **Ownership Structure** - Following this increase, TaiZhong Group's total shareholding in ST TaiZhong has reached 51.23%, indicating a controlling interest in the company [1]

Core Viewpoint - Taiyuan Heavy Industry has been involved in financial fraud for over seven years, with underlying issues stemming from external auditors' negligence and internal governance failures [1] Group 1: Financial Fraud Details - The company was fined for financial fraud occurring between 2014-2018 and 2020-2021, with a total penalty of 16.95 million yuan, including lifetime market bans for key executives [1][2] - Fraudulent practices included premature revenue recognition and inflated project income, particularly in the 300MW wind power project in Heilongjiang [2][3] - In 2014, the company overstated revenue by 757 million yuan, representing 8.39% of reported revenue, and inflated profit by 155 million yuan, which was 763.89% of the reported profit [3] Group 2: Company Performance and Debt Issues - The company's revenue growth has been struggling since 2011, with significant declines in core business segments starting in 2014 [5][6] - High debt levels have been a persistent issue, with liabilities exceeding 80% of assets since 2014, peaking over 90% [8][10] - The company has relied heavily on external financing, with interest-bearing debt surpassing 10 billion yuan in recent years, leading to financial costs exceeding profits [10][12] Group 3: Governance and Internal Control Failures - External auditors, specifically Deloitte, failed to detect the fraud over seven years, raising questions about their accountability [13][15] - Internal governance issues are evident, with key executives being aware of the fraudulent activities yet failing to act [16] - Corruption among management, particularly involving the former general manager, has led to significant losses of state assets [17][18]