截至2025年9月26日收盘，振华重工(600320)报收于4.37元，上涨0.46%，换手率0.95%，成交量31.65万 手，成交额1.39亿元。 上海振华重工（集团）股份有限公司2025年半年度利润分配方案的公告 本公司董事会保证公告内容真实、准确、完整。每股派发现金红利0.02元（含税），B股以美元支付， 汇率按股东会决议日下一工作日中国人民银行公布的美元兑人民币中间价折算。本次利润分配以实施权 益分派股权登记日登记的总股本（扣除回购专用证券账户股份）为基数，如股权登记日前总股本变动， 拟维持每股分配比例不变，相应调整分配总额。2025年半年度公司实现归属于母公司所有者的净利润约 3.44亿元，母公司未分配利润约27.11亿元。截至公告日，公司总股本5,268,353,501股，扣除回购股份后 为5,264,353,501股，拟派发现金红利105,287,070.02元（含税），占净利润30.57%。该方案尚需提交股 东会审议。 上海振华重工（集团）股份有限公司董事会 当日关注点 交易信息汇总资金流向 9月26日主力资金净流入1831.23万元，占总成交额13.19%；游资资金净流出787.15万元， ...

Group 1 - The board of directors of Shanghai Zhenhua Heavy Industries Co., Ltd. held its 16th meeting of the 9th session on September 25, 2025, with all 10 directors present [2][4] - The meeting approved several proposals, including the 2025 annual performance responsibility letter for the management team and the annual salary budget and settlement plan [3][5] - The board also approved revisions to the implementation rules of various specialized committees and the management measures for related party transactions [7][8] Group 2 - The board approved the 2025 semi-annual profit distribution plan, proposing a cash dividend of RMB 0.02 per share (tax included) to all shareholders, totaling approximately RMB 105.29 million [9][13] - The profit distribution plan is based on the company's total share capital of 5,268,353,501 shares, excluding 4,000,000 shares held in the repurchase account [13] - The proposed cash dividend represents 30.57% of the net profit attributable to the parent company for the first half of 2025, which is approximately RMB 344 million [13]

（文章来源：证券日报） 证券日报网讯 9月25日晚间，振华重工发布2025年半年度利润分配方案的公告称，公司拟向全体股东每 股派发现金红利人民币0.02元（含税）。截至本公告披露日，公司总股本为5，268，353，501股，扣除 公司回购专用证券账户中的4，000，000股A股股份后为5，264，353，501股。以此计算合计拟派发现 金红利为人民币105，287，070.02元（含税），占公司2025年半年度归属于母公司所有者的净利润比例 为30.57%。 ...

一、董事会会议召开情况 上海振华重工（集团）股份有限公司（以下简称振华重工或公司）第九届董 事会第十六次会议通知于 2025 年 9 月 19 日以电子邮件方式发出。本次会议于 2025 年 9 月 25 日以现场和通讯相结合的方式召开，应参加表决董事 10 人，实 际参加表决董事 10 人，会议由董事长由瑞凯先生主持，部分高级管理人员及董 事会秘书列席了会议。本次会议的召开及程序符合《公司法》《公司章程》等相 关规定。 二、董事会会议审议情况 本次会议审议并通过如下议案： 证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2025-046 上海振华重工（集团）股份有限公司 第九届董事会第十六次会议决议公告 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。 根据《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等有关规 定，公司回购专用证券账户中的 A 股股份不享有利润分配的权利，按照截至本公 告发布之日公司总股本（扣除公司回购专用证券账户中的股份）为基数，以此计 算合计拟派发现金红利 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2025-047 上海振华重工（集团）股份有限公司 2025 年半年度利润分配方案的公告 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： 每股分配比例：每股派发现金红利人民币 0.02 元（含税）。B 股的现金 红利以美元支付，美元与人民币汇率按股东会决议日下一工作日中国人民银行公 布的美元兑换人民币中间价折算。 本次利润分配以实施权益分派股权登记日登记的总股本（扣除公司回购 专用证券账户中的股份）为基数，股权登记日具体日期将在权益分派实施公告中 明确。在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分配 比例不变，相应调整分配总额，并将另行公告具体调整情况。 本次利润分配方案尚待公司股东会审议。 一、利润分配方案内容 根据上海振华重工（集团）股份有限公司（以下简称公司）2025 年半年度 财务报告（未经审计），2025 年半年度公司实现归属于母公司所有者的净利润约 为人民币 3.44 亿元。截至 2025 年 6 ...

每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 每经AI快讯，振华重工9月25日晚间发布公告称，公司第九届第十六次董事会会议于2025年9月25日以 现场和通讯相结合的方式召开。会议审议了《关于审议 <公司经理层2025年度经营业绩责任书> 的议 案》等文件。 （记者 曾健辉） ...

Core Viewpoint - Shanghai Zhenhua Heavy Industries (600320) signed a port machinery project contract with Marsa Maroc, representing a significant step in modernizing Morocco's port infrastructure [1] Group 1: Company Actions - The chairman of Shanghai Zhenhua Heavy Industries, You Ruikai, visited Morocco from September 17 to 18 [1] - The agreement includes the provision of 18 sets of port lifting equipment by Zhenhua Heavy Industries for Casablanca and Nador ports by the end of 2026 [1] Group 2: Industry Impact - The project aims to assist in the modernization and upgrade of Morocco's port infrastructure [1]

Core Insights - Deep-sea resource development focuses on areas deeper than 200 meters, encompassing strategic resources such as minerals, energy, and biological resources, which are crucial for overcoming land resource limitations and ensuring national security [1][2] - The Chinese government has integrated deep-sea development into its national security strategy, designating it as a strategic emerging industry in the 2025 government work report, supported by a special fund of 50 billion yuan for marine economy [1][5] - The industry is projected to reach a scale of 3.25 trillion yuan by 2025 and exceed 5 trillion yuan by 2030, driven by significant growth in oil and gas development, mining, and biopharmaceutical sectors [1][9] Industry Overview - Deep-sea resource development involves exploration, extraction, and utilization of resources in deep-sea areas, aiming to acquire strategic resources through advanced technologies [2][3] - The sector is categorized into five main types: deep-sea mineral resources, oil and gas resources, biological resources, energy resources, and spatial resources [3] Development Drivers - National strategy and policy support are key drivers, with deep-sea development included in China's national security framework and significant funding allocated to support technological advancements [5][6] - The high dependency on foreign oil and gas, with over 70% reliance, necessitates deep-sea oil and gas development as a strategic solution to energy security [5][6] - Technological breakthroughs and domestic equipment manufacturing have positioned China to lead in deep-sea resource development, enhancing its global competitiveness [6][7] Current Industry Status - The deep-sea economy is rapidly growing, with the marine economy reaching 10.54 trillion yuan in 2024, driven by significant demand in deep-sea oil and gas and biological resource development [8][9] - The deep-sea oil and gas sector has seen substantial advancements, with the first ultra-deepwater gas field "Deep Sea No. 1" entering production, marking China's entry into the global first tier of deep-sea oil and gas development [10][11] Corporate Landscape - Major companies in the deep-sea resource development sector include China National Offshore Oil Corporation, China Shipbuilding Industry Corporation, and others, forming a comprehensive ecosystem from resource development to equipment manufacturing [13][14] - The industry is characterized by a full-chain ecosystem that integrates resource development, equipment manufacturing, technological innovation, and regional collaboration [13][14] Future Trends - The industry is expected to evolve towards technological integration and intelligence, with AI and quantum sensing driving automation and efficiency in exploration and extraction processes [15][16] - Environmental sustainability will become a core focus, with the adoption of eco-friendly technologies and the establishment of monitoring systems to minimize ecological impact [16][17] - Expansion into ultra-deepwater and polar regions will reshape the competitive landscape, necessitating international cooperation and standard-setting to address high costs and technical challenges [17][18]

Investment Rating - The report maintains a rating of "Accumulate" for the company [6][12]. Core Insights - The company reported a revenue of 17.396 billion yuan for the first half of 2025, reflecting a year-on-year increase of 0.97%. The net profit attributable to shareholders was 344 million yuan, up 12.37% year-on-year, while the net profit excluding non-recurring items reached 246 million yuan, showing a significant increase of 111.44% year-on-year [4][5]. - The company's port machinery orders increased by 27% year-on-year, with new contracts and bids in the first half of 2025 amounting to 3.586 billion USD, of which the port machinery business accounted for approximately 3.14 billion USD [5]. - The company has shown a decrease in expense ratios, indicating effective cost reduction and efficiency improvement measures [5]. Financial Forecast and Valuation - The company is expected to achieve revenues of 39.739 billion yuan, 43.635 billion yuan, and 46.901 billion yuan for the years 2025 to 2027, representing year-on-year growth rates of 15.33%, 9.80%, and 7.49% respectively. The net profit attributable to shareholders is projected to be 751 million yuan, 957 million yuan, and 1.134 billion yuan for the same period, with corresponding growth rates of 40.70%, 27.54%, and 18.45% [6][10]. - The price-to-earnings (P/E) ratios are forecasted to be 30.81, 24.16, and 20.40 for the years 2025 to 2027 [6][10].

Group 1 - The company has approved a share repurchase plan to enhance market value management, allowing for the repurchase of A-shares within 12 months at a maximum price of RMB 6.88 per share, with a total repurchase amount between RMB 50 million and RMB 100 million [1][2] - As of September 8, 2025, the company has repurchased 4,000,000 shares, representing 0.0759% of the total share capital, with a total expenditure of RMB 17,717,407, at a maximum price of RMB 4.44 per share [2] - The company will continue to make repurchase decisions based on market conditions and will fulfill information disclosure obligations regarding the progress of the share repurchase [3]