证券代码：600202 证券简称：哈空调 编号：临2025-048 哈尔滨空调股份有限公司 关于拟公开转让控股子公司股权预挂牌的公告 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： 一、交易概述 为优化资产结构，进一步聚焦主营业务，公司拟转让所持有的控股子公司富 山川 40.00%的股权。 根据国有资产管理的有关规定，在正式挂牌转让前，公司将在黑龙江联合产 权交易所进行挂牌前信息预披露。本次预披露不构成交易行为，交易对方、交易 价格、支付方式等交易主要内容目前尚无法确定。 公司于 2025 年 10 月 13 日召开 2025 年第七次临时董事会会议，审议通过 了《关于拟转让控股子公司哈尔滨富山川生物科技发展有限公司股权并预挂牌的 提案》。 本次拟转让的标的富山川 2024 年经审计的净利润为-1,609.63 万元，占公 司经审计的上一年度净利润绝对值的 218.83%。根据《公司章程》的相关规定， 本次交易事项需提交公司股东会审议。根据富山川 2024 年经审计的财务数据以 及初步评估结果，本次事项预计不会 ...

哈尔滨空调股份有限公司 2025 年第七次临时董事会会议决议公告 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。 一、董事会会议召开情况 哈尔滨空调股份有限公司（以下简称"公司"或"哈空调"）2025 年第七次 临时董事会会议通知于 2025 年 10 月 8 日以电话通知、书面直接送达、电子邮件 等方式发出。会议于 2025 年 10 月 13 日上午 9：00 以通讯方式召开。会议应出 席董事 9 人，实际参加表决董事 9 人，会议由董事长丁盛同志主持，公司高级管 理人员列席了会议。会议的召集、召开程序符合法律、法规和《公司章程》的规 定。 证券代码：600202 证券简称：哈空调 编号：临2025-047 同意票：9 票，反对票：0 票，弃权票：0 票，是否通过：通过。 （二）关于《关于拟与控股股东哈尔滨工业投资集团有限公司签署<解除一 致行动协议>的提案》 同意《关于拟与控股股东哈尔滨工业投资集团有限公司签署<解除一致行动 协议>的提案》。 本提案已经独立董事专门会议、董事会审计委员会审议通过，尚需提交公司 股东会审议 ...

（记者 胡玲） 每经AI快讯，哈空调（SH 600202，收盘价：5.9元）10月13日晚间发布公告称，公司拟转让所持有的哈 尔滨富山川生物科技发展有限公司（简称"富山川"）40%的股权，将在黑龙江联合产权交易所预挂牌。 每经头条（nbdtoutiao）——AI技术滥用调查：明星可被"一键换装"，"擦边"内容成流量密码，技术防 线为何形同虚设？ 2024年1至12月份，哈空调的营业收入构成为：机械设备占比99.44%，其他业务占比0.54%，化工占比 0.02%。 截至发稿，哈空调市值为23亿元。 ...

Core Viewpoint - The company, Harbin Electric (600202.SH), plans to transfer 40% equity stake in its subsidiary Fushanchuan to optimize its asset structure and focus on its main business [1] Group 1: Equity Transfer - The transfer of the 40% stake in Fushanchuan is part of the company's strategy to enhance its asset structure [1] - Prior to the formal listing for transfer, the company will conduct a pre-disclosure of information at the Heilongjiang United Property Exchange [1] - The details regarding the transaction counterpart, price, and payment method are currently undetermined [1] Group 2: Financial Performance - Fushanchuan reported an audited net loss of 16.0963 million yuan for 2024, which represents 218.83% of the absolute value of the company's audited net profit from the previous year [1]

哈空调公告，公司拟转让所持有的哈尔滨富山川生物科技发展有限公司40.00%的股权，将在黑龙江联 合产权交易所预挂牌。富山川2024年经审计的净利润为-1609.63万元。本次股权转让将优化资产结构， 进一步聚焦主营业务，有利于公司提质增效。交易对方尚不明确，尚未签署交易合同，无履约安排。本 次股权转让预计不会构成重大资产重组。 ...

Core Viewpoint - A total of 9 A-share stocks have had their financing and securities lending collateral ratios adjusted to zero due to high static price-to-earnings (PE) ratios, indicating a significant tightening in leverage for these stocks [1][5]. Financing and Securities Lending Adjustments - The financing and securities lending collateral ratio for Zhongxin International (688981.SH) was adjusted from 0.7 to 0, and for Baiwei Storage (688525.SH) from 0.5 to 0 [1]. - Other stocks affected include Ruisheng Intelligent (688215.SH), Manster (301325.SZ), Yongding Co. (600105.SH), and others, with their collateral ratios also set to zero by multiple brokerages [1][4]. Static PE Ratios - The static PE ratios for the affected stocks are notably high, with several exceeding 300, which is the threshold for collateral ratio adjustments to zero [4][5]. - For instance, Yongding Co. had a static PE ratio of 302.5663, while Zhongxin International had a ratio of 303.0659 [4]. Market Impact - The adjustment of collateral ratios to zero means that these stocks can no longer be used as collateral for margin trading, potentially impacting trading strategies for investors [6]. - Despite the adjustments, existing positions for investors are not immediately affected, but new positions cannot be opened until the collateral ratios are revised [6]. Market Activity - The margin trading market remains active, with a balance consistently above 2.2 trillion yuan since September, indicating strong investor interest [6][7]. - Recent trading activity has shown a preference for sectors such as non-ferrous metals and home appliances, while sectors like electronics and pharmaceuticals have seen net selling [7].

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [6]. Core Insights - The low-altitude economy is showing steady growth, with significant policy support from various government departments, which is expected to create substantial market opportunities [3][4]. - The mechanical equipment sector is anticipated to maintain a steady growth trajectory, bolstered by strong competitive advantages of domestic leading enterprises in both supply and demand [3][4]. Weekly Market Review - From September 7 to September 12, 2025, the Shanghai Composite Index rose by 1.52%, while the ShenZhen Component Index and the ChiNext Index increased by 2.65% and 2.10%, respectively. The Shenwan Mechanical Equipment Index outperformed with a rise of 3.52%, ranking 7th among 31 Shenwan first-level industries [2][11]. - Sub-sectors such as general equipment, specialized equipment, and automation equipment saw increases of 2.90%, 3.13%, and 7.09%, respectively [2][11]. Key Sector Tracking - The low-altitude economy sector is being propelled by new policies aimed at integrating low-altitude transportation with AI and energy sectors, indicating a significant potential for industrial upgrades and market expansion [3]. - The mechanical equipment sector is witnessing domestic companies like Zoomlion actively expanding into overseas markets, exemplified by the successful delivery of a crane to Slovakia [3]. Investment Recommendations - For the low-altitude economy, recommended companies include ShenChengJiao, SuJiaoKe, and WanFengAoWei among others [4]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli [4]. Economic Data Tracking - The manufacturing PMI for August 2025 was reported at 49.4%, indicating a slight increase, while the non-manufacturing business activity index rose to 50.3%, suggesting a stable economic outlook [21][23]. - The industrial producer price index showed a year-on-year decline of 2.9% in August, with a narrowing of the decline compared to previous months [23]. Key Industry Data Tracking - The machine tool industry reported a total revenue of 578.9 billion yuan for the first seven months of 2025, reflecting a year-on-year decrease of 1.0%, while metal cutting machine tools saw a growth of 13.3% [26]. - The export value of machine tools reached 131.8 billion USD, marking an increase of 8.1% year-on-year [26].

Core Viewpoint - The company, Haconditioning, reported a significant decline in revenue and net profit for the first half of 2025, while emphasizing its commitment to environmental protection and technological innovation in the cooling equipment sector [2][3][4]. Group 1: Financial Performance - For the first half of 2025, the company achieved a revenue of 549 million yuan, a year-on-year decrease of 22.53% [2] - The net profit attributable to shareholders was -7.64 million yuan, compared to a profit of 8.90 million yuan in the same period last year [2] - The basic earnings per share were -0.02 yuan, indicating a shift from profit to loss due to decreased sales revenue and increased expenses [2] Group 2: Environmental Impact - The company's air-cooled equipment supports national environmental protection and emission reduction policies by minimizing reliance on cooling water, thus reducing water resource consumption [3] - Air-cooled systems do not require chemical agents, which helps prevent water pollution and reduces overall energy consumption during operation [3] - The technology contributes to lower emissions of greenhouse gases and air pollutants, playing a significant role in environmental protection [3] Group 3: Technological Innovation and Strategy - The company is focused on optimizing product design and production processes to enhance cost efficiency and innovation [4] - Future strategies include expanding into new energy materials and clean energy infrastructure, while deepening collaboration with key energy groups [4] - The company aims to develop a comprehensive service system covering the entire lifecycle of cooling systems, emphasizing energy efficiency and technological advancements [4] Group 4: International Market Expansion - The company is strengthening its presence in the Belt and Road Initiative markets and enhancing strategic partnerships with multinational corporations [5] - It is accelerating the development of customized solutions to meet regional demands, establishing an international service system that includes technical consulting and operational support [5]

一、本次说明会召开情况 2025 年 9 月 5 日，公司披露了《关于召开 2025 年半年度业绩说明会的公告》， 相关公告详见《上海证券报》《中国证券报》、上海证券交易所网站 （www.sse.com.cn）。（公告编号：2025-044） 证券代码：600202 证券简称：哈空调 编号：临2025-046 哈尔滨空调股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 哈尔滨空调股份有限公司（以下简称"公司"）于 2025 年 9 月 15 日（周一） 上午10:30～11:30在上海证券交易所上证路演中心（http://roadshow.sseinfo.com） 以上证路演中心视频直播和网络互动方式召开 2025 年半年度业绩说明会，针对 公司 2025 年半年度的经营业绩、发展战略等情况与投资者进行互动交流和沟通， 现就会议召开情况公告如下： 2025 年 9 月 15 日上午 10：30～11：30，公司 2025 年半年度业绩说明会在 上海证券交易所上 ...

（文章来源：证券日报） 证券日报网讯 9月10日晚间，哈空调发布公告称，2025年9月10日，公司收到政府补助906.00万元。 ...