哈尔滨东安汽车动力股份有限公司2025 年半年度报告 公司代码：600178 公司简称：东安动力 哈尔滨东安汽车动力股份有限公司 2025 年半年度报告 1 / 138 哈尔滨东安汽车动力股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人陈笠宝、主管会计工作负责人王向坤及会计机构负责人（会计主管人员）管乐 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告中所涉及的未来计划、发展战略等前瞻性陈述不构成公司对投资者的实质承诺 ，请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 ...

人民财讯7月30日电，东安动力（600178）7月30日晚间披露2025年半年度报告，上半年实现营业收入 24.79亿元，同比增长25.72%；归母净利润392.12万元，同比扭亏为盈，上年同期亏损678.98万元；基本 每股收益0.02元。上半年公司AT变速器订单增加，相应的营业收入及毛利较上年同期均大幅增长，同 时，公司加速推进整体搬迁后的资产交接，本期确认的固定资产处置收益增加。 ...

格隆汇7月30日丨东安动力(600178.SH)公布半年度报告，2025年上半年，公司实现营业收入24.79亿元， 实现归属于上市公司股东的净利润392.12万元，较上年同期实现扭亏为盈，主要原因是上半年公司AT变 速器订单增加，相应的营业收入及毛利较上年同期均大幅增长，同时，公司加速推进整体搬迁后的资产 交接，本期确认的固定资产处置收益增加。 ...

Group 1 - The military equipment restructuring concept declined by 2.46%, ranking among the top declines in the concept sector, with companies like Construction Industry, Dong'an Power, and Hunan Tianyan experiencing significant drops [1][2] - Among the stocks in the military equipment restructuring concept, only two stocks saw price increases, with Changcheng Military Industry and Huqiang Technology rising by 2.94% and 0.56% respectively [1][2] Group 2 - The military equipment restructuring concept experienced a net outflow of 1.815 billion yuan in main funds today, with six stocks seeing net outflows, and five stocks having outflows exceeding 50 million yuan [2] - The stock with the highest net outflow was Construction Industry, which saw a net outflow of 1.169 billion yuan, followed by Changcheng Military Industry, Changan Automobile, and Dong'an Power with net outflows of 248 million yuan, 167 million yuan, and 123 million yuan respectively [2]

本次收购前，兵器装备集团通过辰致集团间接持有东安动力237,593,000股股份，占东安动力总股本的50.93%，为东安动力间接控股股东；国务院国资委为 东安动力最终实际控制人。 经国务院批准，兵器装备集团实施存续分立，分立为兵器装备集团（存续企业）和中国长安汽车（新设企业）。分立前兵器装备集团持有的辰致集团100% 股权分立至中国长安汽车，兵器装备集团不再持有东安动力股份。 7月29日，东安动力发布公告称，根据中国长安汽车与兵器装备集团签订的《分立协议》，分立前兵器装备集团所持辰致集团100%股权分立至中国长安汽 车。本次收购后，中国长安汽车通过辰致集团间接持有东安动力237,593,000股股份，占东安动力总股本的50.93%，为东安动力间接控股股东；国务院国资 委仍为东安动力实际控制人。 · 2025年5月4日，兵器装备集团董事会审议通过中国兵器工业集团有限公司与兵器装备集团重组方案。 · 2025年6月4日，兵器装备集团收到国务院国资委通知，经国务院批准，对中国兵器装备集团有限公司实施分立。 · 2025年7月25日、7月27日，北京市市场监督管理局、重庆市市场监督管理局分别向兵器装备集团、中国长安汽 ...

Group 1 - The China-US economic talks were held in Stockholm, where both sides agreed to extend the suspension of the US's 24% reciprocal tariffs and China's countermeasures for another 90 days [6] - The IMF significantly raised its economic growth forecast for China, increasing the expected growth rate for this year by 0.8 percentage points due to stronger-than-expected economic activity in the first half of the year and substantial tariff reductions [10] - The Hong Kong Monetary Authority released documents regarding the regulatory framework for stablecoin issuers, set to be implemented on August 1, 2025, including guidelines for licensed stablecoin issuers and anti-money laundering measures [7] Group 2 - The Ministry of Finance announced the implementation of a national childcare subsidy system, with an estimated annual distribution of around 100 billion yuan, which is expected to stimulate demand in related industries [12] - The State-owned Assets Supervision and Administration Commission announced the establishment of China Changan Automobile Group Co., Ltd., which will be managed by the State Council [6] - The economic performance of state-owned enterprises showed a total revenue of 40,749.59 billion yuan in the first half of the year, a year-on-year decrease of 0.2%, and total profits of 2,182.53 billion yuan, down 3.1% [8]

Key Points - The article discusses the recent developments in China-US trade talks, highlighting the agreement to extend the suspension of certain tariffs for 90 days [6] - The International Monetary Fund (IMF) has significantly raised its economic growth forecast for China, citing stronger-than-expected economic activity in the first half of the year [10] - The Hong Kong Monetary Authority has released documents regarding the regulatory framework for stablecoin issuers, set to be implemented on August 1, 2025 [4][7] - The Chinese government has announced a new childcare subsidy program, which is expected to have an annual scale of around 100 billion yuan [14] - The performance of state-owned enterprises in China showed a slight decline in revenue and profit for the first half of the year, with total revenue at 40,749.59 billion yuan, down 0.2% year-on-year [8] Group 1: China-US Trade Talks - The China-US trade talks held in Stockholm involved discussions on macroeconomic policies and trade relations, with both sides agreeing to extend the suspension of certain tariffs for 90 days [6] Group 2: Economic Forecasts - The IMF has raised its growth forecast for China by 0.8 percentage points for this year, attributing the adjustment to stronger economic activity and reduced tariffs [10] Group 3: Regulatory Developments - The Hong Kong Monetary Authority has published guidelines for stablecoin issuers, which include anti-money laundering measures and licensing procedures [4][7] Group 4: Childcare Subsidy Program - The newly announced childcare subsidy program is projected to reach an annual distribution of approximately 100 billion yuan, potentially boosting demand in related sectors [14] Group 5: State-Owned Enterprises Performance - In the first half of the year, state-owned enterprises reported total revenue of 40,749.59 billion yuan, a decrease of 0.2% year-on-year, with profits also declining by 3.1% [8]

Macro News - The International Monetary Fund (IMF) has significantly raised China's economic growth forecast for this year by 0.8 percentage points to 4.8%, reflecting stronger-than-expected economic activity in the first half of the year and lower actual tariff rates compared to previous predictions [4] - In the first half of the year, state-owned enterprises in China reported total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2%. Their total profit amounted to 218.25 billion yuan, down 3.1% year-on-year, and tax payments were 300.26 billion yuan, a decline of 0.8% [4] Industry News - Hong Kong's "Stablecoin Regulation" will come into effect on August 1, with the Hong Kong Monetary Authority releasing five regulatory documents for licensed stablecoin issuers [7] - The China Photovoltaic Industry Association issued a statement refuting claims made by some media regarding "anti-involution" in the photovoltaic industry, particularly concerning polysilicon, stating that the reports were severely inconsistent with actual conditions [7] Company News - WuXi AppTec announced an adjustment to its share repurchase price ceiling to no more than 114.15 yuan per share [11] - The PCB industry is experiencing a significant improvement in market conditions compared to the same period last year, especially for high-end products, with strong demand and rising prices [9] - Changchun High-tech announced that its innovative drug, Amlodipine Besylate Oral Solution, has received approval from the FDA for market launch in the United States [12]

Core Viewpoint - The announcement details the restructuring of Harbin Dong'an Automotive Power Co., Ltd. (Dong'an Power) due to the division of its indirect controlling shareholder, China Ordnance Equipment Group Co., Ltd. (Ordnance Group), resulting in the new indirect controlling shareholder being China Changan Automobile Group Co., Ltd. (Changan Automobile) while the actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) [2][14][28]. Group 1 - The equity change is based on the division of Ordnance Group, which is undergoing restructuring with other state-owned enterprises [2][4]. - The division was approved by the SASAC, and the automotive business of Ordnance Group has been established as a new independent central enterprise, Changan Automobile [4][14]. - The division agreement was signed on July 27, 2025, and the registration procedures for the division have been completed [4][5]. Group 2 - Before the equity change, Ordnance Group indirectly held 237,593,000 shares of Dong'an Power, accounting for 50.93% of the total share capital through its subsidiary, Chen Zhi Group [5][27]. - After the equity change, Changan Automobile will also indirectly hold the same number of shares through Chen Zhi Group, maintaining the 50.93% stake [5][28]. - The restructuring will not affect the normal operations of Dong'an Power and will not harm the interests of the company or minority shareholders [14][41]. Group 3 - The registered capital of Ordnance Group before the division was RMB 3,656,495.212732 million, which will be adjusted to RMB 1,656,495.212732 million post-division [9][32]. - Changan Automobile will have a registered capital of RMB 2,000,000 million [33]. - The assets and equity distribution will follow the guidelines set by the restructuring notice, with no payment involved in the transfer of Chen Zhi Group's shares [10][34]. Group 4 - The division agreement stipulates that both Ordnance Group and Changan Automobile will jointly bear the liabilities of Ordnance Group prior to the division [11][35]. - The agreement will take effect upon the affixing of official seals by both parties [13][37]. - The restructuring aims to enhance the competitiveness and technological capabilities of Changan Automobile, contributing to the establishment of a world-class automotive group [14][24].

Core Viewpoint - China Changan Automobile Group Co., Ltd. is acquiring Harbin Dong'an Automobile Power Co., Ltd. and is exempt from making a public offer for shares due to the nature of the transaction, which does not change the actual controller of the listed company [9][12]. Group 1: Acquisition Details - The acquisition involves the transfer of 100% equity of Chenzhi Group from China Weapon Equipment Group to China Changan Automobile, resulting in Changan indirectly holding 50.93% of Harbin Dong'an's shares [8][9]. - The actual controller of Harbin Dong'an remains the State-owned Assets Supervision and Administration Commission of the State Council, ensuring compliance with regulatory requirements [9][12]. Group 2: Legal and Regulatory Compliance - The acquisition has followed necessary legal procedures, including obtaining relevant approvals and fulfilling disclosure obligations as per the Securities Law and the Regulations on the Management of Acquisitions [10][11]. - The law firm confirms that there are no substantial legal obstacles to the acquisition, and the acquiring party has not engaged in any illegal securities activities in the six months prior to the acquisition [11][12]. Group 3: Company Information - China Changan Automobile Group Co., Ltd. is a state-owned limited liability company with a registered capital of 2 billion RMB, established on July 27, 2025 [6][10]. - The company is involved in various automotive-related activities, including vehicle manufacturing, investment management, and technology services [6].