证券代码：600178 证券简称：东安动力 公告编号：临 2025-053 哈尔滨东安汽车动力股份有限公司 关于召开 2025 半年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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 一、 说明会类型 会议召开时间：2025 年 08 月 22 日 （星期五） 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： 本次投资者说明会以网络互动形式召开，公司将针对 2025 年上 半年的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一）会议召开时间：2025年08月22日（星期五）15:00-16:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 总经理：靳松先生 投资者可于 2025 年 08 月 15 日 （星期五） 至 08 月 ...

截至8月14日收盘，兵装重组概念下跌4.69%，位居概念板块跌幅榜前列，板块内，建设工业、长城军 工、华强科技等跌幅居前。 兵装重组概念资金流出榜 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 电子身份证 | 1.44 | 兵装重组概念 | -4.69 | | 芬太尼 | 1.24 | 中船系 | -4.10 | | 脑机接口 | 0.92 | 房屋检测 | -3.26 | | 数字货币 | 0.74 | 共封装光学(CPO) | -3.07 | | 跨境支付(CIPS) | 0.67 | 特钢概念 | -3.04 | | 移动支付 | 0.48 | 成飞概念 | -2.98 | | 蚂蚁金服概念 | -0.01 | PET铜箔 | -2.95 | | 高压氧舱 | -0.04 | 太赫兹 | -2.85 | | 期货概念 | -0.20 | F5G概念 | -2.83 | | 国产操作系统 | -0.22 | 光刻胶 | -2.74 | 资金面上看，今日兵装重组概念板块获主力资金净流出25.00亿元，其中，7股获主力资金净流出，5 ...

Core Viewpoint - Harbin Dong'an Automotive Power Co., Ltd. reported a significant revenue increase but remains reliant on non-operating income for profitability, raising concerns about the sustainability of its financial performance [3][5][7]. Financial Performance - The company achieved a total revenue of 2.479 billion yuan, a year-on-year increase of 25.72% [3][4]. - The net profit attributable to shareholders was 3.9212 million yuan, a turnaround from a loss of 6.7898 million yuan in the same period last year [3][5]. - However, the net profit excluding non-recurring items showed a deeper loss, widening from 48.1724 million yuan to 61.1340 million yuan [3][5]. Cost and Margin Analysis - The gross margin decreased to 2.33%, down 3.19 percentage points from the previous year, indicating pressure on profitability despite revenue growth [4][7]. - Operating costs increased by 28.85%, outpacing revenue growth, which suggests a potential strategy of sacrificing margin for volume [4][5]. Cash Flow and Inventory - The net cash flow from operating activities was -492 million yuan, worsening from -186 million yuan year-on-year, indicating increasing cash flow pressure [5][6]. - Inventory rose to 1.012 billion yuan from 671 million yuan at the end of the previous year, reflecting increased capital tied up in stock due to expanded sales [5][6]. Market Position and Product Development - The company’s market share in gasoline engines increased from 2.01% to 2.39%, a rise of 0.38 percentage points [4]. - Dong'an Power is actively pursuing product and market transformation, with 285 new product development projects underway, including 28 in the new energy sector [5][6]. Legal and Corporate Governance Issues - The company is facing a patent lawsuit from ZF involving significant products, with a claim amounting to 54 million yuan [6]. - In July, the company canceled the third tranche of restricted stock due to unmet performance targets and staff turnover [6]. Future Outlook - The reliance on non-operating income raises questions about the sustainability of the company's profitability, especially as core business profitability remains weak [7]. - The ability to balance investment in new energy projects with financial stability will be crucial for the company's future success [7].

Group 1 - The core viewpoint of the news is that the military equipment restructuring concept has seen a significant increase of 5.58%, leading the concept sector in terms of growth, with six stocks rising, including Changcheng Military Industry and Hunan Tianyan reaching the daily limit [1] - The top gainers in the military equipment restructuring concept include Hunan Tianyan, which saw a net inflow of 7.41 billion yuan, followed by Changcheng Military Industry and Huachuang Technology with net inflows of 6.17 billion yuan and 525.3 million yuan respectively [1][2] - The military equipment restructuring concept has attracted a total net inflow of 1.45 billion yuan, with six stocks receiving over 30 million yuan in net inflow [1] Group 2 - Hunan Tianyan, Changcheng Military Industry, and Huachuang Technology have the highest net inflow ratios at 40.76%, 13.79%, and 9.11% respectively [2] - The trading performance of Hunan Tianyan and Changcheng Military Industry both recorded a daily increase of 10.01%, indicating strong market interest [2] - The turnover rates for the top stocks in the military equipment restructuring concept are notable, with Hunan Tianyan at 15.70% and Changcheng Military Industry at 9.42% [2]

金融界消息 截至2025年8月13日收盘，东安动力（600178）报收于15.47元，上涨5.1%，换手率 13.54%，成交量63.17万手，成交金额9.69亿元。 资金流向方面，今日主力资金净流入6441.21万元，占比成交额6.64%。其中，超大单净流入2954.60万 元、占成交额3.05%，大单净流入3486.61万元、占成交额3.6%，中单净流出流入1457.36万元、占成交 额1.5%，小单净流出7898.57万元、占成交额8.15%。 东安动力最新一期业绩显示，截至2025中报，公司营业总收入24.79亿元、同比增长25.72%，归属净利 润392.12万元，同比增长157.75%，扣非净利润6113.40万元，同比减少26.91%，流动比率1.127、速动比 率0.862、资产负债率52.96%。 天眼查商业履历信息显示，哈尔滨东安汽车动力股份有限公司，成立于1998年，位于哈尔滨市，是一家 以从事汽车制造业为主的企业。企业注册资本47578.39万人民币，实缴资本23759.3万人民币。公司法定 代表人为陈丽宝。 通过天眼查大数据分析，哈尔滨东安汽车动力股份有限公司共对外投资了5家企业，参 ...

Group 1 - The core viewpoint of the news is that the military equipment restructuring concept has seen a significant increase in stock prices, with a rise of 2.90%, ranking 8th among concept sectors on August 11 [1] - Within the military equipment restructuring sector, six stocks experienced gains, with Changcheng Military Industry hitting the daily limit, and Hunan Tianyan, Construction Industry, and Changan Automobile also showing notable increases of 5.18%, 2.93%, and 1.25% respectively [1] - The military equipment restructuring sector attracted a net inflow of 244 million yuan from main funds, with Changcheng Military Industry leading the inflow at 216 million yuan [1] Group 2 - In terms of fund inflow ratios, Changan Automobile, Changcheng Military Industry, and Construction Industry had the highest net inflow rates of 8.10%, 5.37%, and 0.95% respectively [2] - The fund inflow ranking for the military equipment restructuring concept shows that Changcheng Military Industry had a daily increase of 10.00% with a turnover rate of 10.01%, while Changan Automobile increased by 1.25% with a turnover rate of 0.95% [2] - Other stocks in the sector, such as Zhongguang Optical and Dong'an Power, showed mixed results, with Zhongguang Optical increasing by 0.83% and Dong'an Power decreasing by 0.61% [2]

Summary of Key Points Core Viewpoint - As of August 7, 115 companies have released their semi-annual reports for 2025, with 81 reporting a year-on-year increase in net profit, while 34 reported a decline. Additionally, 78 companies saw an increase in operating revenue, and 37 experienced a decrease. A total of 68 companies reported simultaneous growth in both net profit and operating revenue, while 24 companies saw declines in both metrics. Notably, 18 companies achieved a net profit growth rate exceeding 100%, with Zhimin Da leading at a staggering 2147.93% [1]. Company Performance - Zhimin Da (688636) reported earnings per share of 0.2284, with a net profit of 38.298 million and a year-on-year increase of 2147.93%. Its operating revenue reached 294.7564 million, reflecting an 84.83% increase [1]. - Shijia Guangzi (688313) achieved a net profit of 216.6475 million, marking a year-on-year increase of 1712.00%, with operating revenue of 992.6253 million, up 121.12% [1]. - Nanji Guang (300940) reported a net profit of 72.891 million, with a year-on-year increase of 982.43%, and operating revenue of 397.5085 million, up 244.67% [1]. - Tongzhou Electronics (002052) had a net profit of 203.0714 million, a year-on-year increase of 662.77%, with operating revenue of 539.7695 million, up 606.52% [1]. - Daodaquan (002852) reported a net profit of 180.9760 million, with a year-on-year increase of 563.15%, and operating revenue of 2792.4396 million, reflecting a slight increase of 1.16% [1]. Additional Company Insights - Huakang Jieneng (301235) reported a net profit of 18.6830 million, with a year-on-year increase of 273.48%, and operating revenue of 83.49115 million, up 50.73% [1]. - Chengxing Co. (600078) had a net profit of 18.5612 million, with a year-on-year increase of 211.08%, and operating revenue of 177.61177 million, up 9.85% [1]. - Kaimeite (002549) reported a net profit of 55.8461 million, with a year-on-year increase of 199.82%, and operating revenue of 31.03616 million, up 10.52% [1]. - Dong'an Power (600178) had a net profit of 3.9212 million, with a year-on-year increase of 157.75%, and operating revenue of 247.91147 million, up 25.72% [1]. Overall Market Trends - The overall trend indicates a strong performance among the majority of companies, with a significant number achieving substantial growth in both net profit and operating revenue, reflecting a positive outlook for the market [1][2].

Core Viewpoint - Dong'an Power's stock price increased by 5.86% on August 6, reaching 15.9 CNY per share, with a trading volume of 1.87 billion CNY and a turnover rate of 2.6%, resulting in a total market capitalization of 74.17 billion CNY [1] Company Overview - Harbin Dong'an Automobile Power Co., Ltd. is located in the High-tech Development Zone of Nangang District, Harbin, and is a state-controlled listed company primarily engaged in the production of automotive engines, manual transmissions, automatic transmissions, and range extension power systems [1] - The company provides integrated solutions for engines, transmissions, and powertrains for high-end passenger cars, light commercial vehicles, and new energy vehicles [1] - To date, the company has produced and sold a total of 15 million complete units, supplying over 40 vehicle manufacturers and exporting to multiple countries and regions [1] - Dong'an Power ranks first in market share among domestic independent gasoline engine manufacturers, in the new energy vehicle range extension power sector, in the commercial vehicle gasoline engine market, and in the domestic and international market for self-developed automatic transmissions [1] Financial Performance - As of March 31, the number of shareholders for Dong'an Power was 72,600, with an average of 6,424 circulating shares per person [1] - For the first quarter of 2025, Dong'an Power achieved an operating income of 994 million CNY, a year-on-year decrease of 3.31%, while the net profit attributable to shareholders was 3.729 million CNY, reflecting a year-on-year increase of 149.62% [1]

Core Viewpoint - The military industry sector is experiencing a significant uptrend, with companies like Aerospace Science and Technology, Dongxin Peace, Hunan Tianyan, and Great Wall Aerospace reaching their daily price limits, indicating strong market interest and potential growth in the sector [1] Group 1: Military Industry Performance - The military sector's fundamentals are accelerating, with expectations for various catalysts, particularly order announcements, to continue to materialize in the first half of 2025 [1] - The successful launch of the Long March 12 rocket from Hainan's commercial spaceport marks a significant milestone, demonstrating the high-frequency launch capability of China's first commercial spaceport [1][2] Group 2: Commercial Aerospace Development - The commercial aerospace sector is poised for rapid development, particularly in low-altitude economy and commercial space, supported by policies, technology, and capital [2] - The satellite internet industry ecosystem is gradually taking shape, with the GW constellation having completed seven groups of satellites in orbit and the Qianfan constellation achieving five launches, resulting in a total of 90 satellites in orbit [1]

Group 1 - China's assets continue to attract foreign investment due to robust fundamentals, an improving business environment, and high levels of openness [1] - As of August 5, 23 stocks in the top ten shareholders list included Qualified Foreign Institutional Investors (QFII), with a total market value of 3.737 billion yuan, averaging 162 million yuan per stock [2] - Notable QFII holdings include Ninebot Company-WD, Dongfang Yuhong, Haida Group, and Hongfa Technology, each with holdings exceeding 400 million yuan [2] Group 2 - Compared to the end of Q1, five stocks saw an increase in QFII holdings, with 13 stocks receiving new investments, resulting in a 78.26% increase in the number of stocks with increased holdings [3] - WoHua Pharmaceutical experienced the largest increase in QFII holdings, with a 234.76% rise in the number of shares held, driven by new investments from UBS and Barclays [3] - The average increase in stock prices for QFII heavy stocks since April has been 19.59%, with some stocks like DingTong Technology and WoHua Pharmaceutical seeing increases over 60% [4] Group 3 - More than half of the 23 QFII heavy stocks reported positive earnings, with a 54.55% reporting an increase in net profit [4] - Five stocks have announced cash dividend plans, totaling 2.94 billion yuan, with Dongfang Yuhong leading at 2.21 billion yuan [4] - International investment banks are optimistic about the Chinese market, with Morgan Stanley and Deutsche Bank raising their GDP growth forecasts for China [5][6]