| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-048 | | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 02 | | 中国船舶重工集团动力股份有限公司 2025 年半年度业绩预增公告 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： ●业绩预告的具体适用情形：实现盈利，且归属于母公司所有者的净利润与上年 同期相比上升 50%以上。 ●中国船舶重工集团动力股份有限公司（以下简称"公司"）预计 2025 年半年度 实现归属于母公司所有者的净利润 80,000 万元到 115,000 万元，与上年同期相比，增 加 32,459 万元到 67,459 万元，同比增加 68.28%到 141.90%。 ●公司预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益的净利润 70,000 万元到 105,000 万元，与上年同期相比，增加 28,083 万元到 63,083 万元，同比 增加 66.99%到 150.49%。 一、本期业绩预告情 ...

Investment Rating - The report suggests a positive outlook for the machinery sector, particularly highlighting specific companies for investment opportunities [13]. Core Insights - The engineering machinery sector shows short-term fluctuations in operating rates but maintains a long-term recovery logic driven by domestic demand [7][25]. - The new shipbuilding prices have stabilized and are showing signs of recovery, indicating an upward trend in industry sentiment [7][46]. - The gas turbine sector is experiencing robust growth, with significant increases in orders and production expected [7][55]. Market Review - The SW Machinery Equipment Index increased by 0.26% over the past week, ranking 24th among 31 primary industry categories [3][16]. - Year-to-date, the SW Machinery Equipment Index has risen by 8.29%, ranking 7th among the same categories [3][18]. Key Data Tracking General Machinery - The general machinery sector continues to face pressure, with the manufacturing PMI at 49.7%, indicating contraction [24]. Engineering Machinery - The operating rate for major engineering machinery products was 56.9% in June, down 7.55% year-on-year [7][25]. - The average working hours for these products were 77.2 hours, reflecting a decline of 9.11% year-on-year [7][25]. Shipbuilding - The global new ship price index reached 187.11 in June, marking a 0.22% increase, the first rise since February [7][46]. Oilfield Equipment - The global rig count has stabilized at over 1,600 units, indicating a bottoming out of demand in the oilfield equipment sector [48]. Gas Turbines - The gas turbine sector is on a steady upward trajectory, with GEV's new orders increasing by 44.9% in Q1 2025 [55][56]. Industry Dynamics - The report emphasizes the importance of monitoring the recovery trends in various segments, including engineering machinery, shipbuilding, and gas turbines, as they present potential investment opportunities [7][55].

Group 1 - The company appointed Ms. Wang Jin as the Chief Financial Officer and Secretary of the Board, effective from the date of the board meeting on July 3, 2025, until the end of the current board's term [1] - Mr. Shi Jun, the company's general manager, will no longer act as the financial director, and Mr. Li Yong, the chairman, will no longer act as the board secretary [1] - As of the announcement date, Ms. Wang Jin does not hold any shares in the company and has no related party relationships with major shareholders or management [1] Group 2 - Ms. Wang Jin has obtained the board secretary qualification training certificate issued by the Shanghai Stock Exchange and has passed the qualification review, possessing the necessary legal, financial, and management knowledge [2] - Ms. Wang Jin has a master's degree in law from Renmin University of China and has held various positions within the China Shipbuilding Industry Corporation from June 2015 to June 2025 [2] - She has been serving as a director of China Ship Engine Co., Ltd. since August 2023 and has been appointed as the Chief Financial Officer and Secretary of the Board of China Shipbuilding Industry Corporation Power Co., Ltd. since July 2025 [2]

Group 1 - The core viewpoint of the article highlights the decline of the China Shipbuilding sector, with a drop of 0.76% as of July 3rd, positioning it among the top decliners in the concept sector [1] - Within the China Shipbuilding sector, companies such as China Ship Emergency, China Marine Defense, and Kunshan Intelligent experienced significant declines, while a few companies like Jiuzhiyang, China Shipbuilding, and China Ship Technology saw slight increases [1] - The article provides a detailed table of concept sectors showing the top gainers and losers, with the China Shipbuilding sector being one of the notable losers [1] Group 2 - The article notes that the China Shipbuilding sector faced a net outflow of 461 million yuan from major funds, with ten stocks experiencing net outflows, and five stocks seeing outflows exceeding 30 million yuan [1] - China Ship Emergency led the net outflow with 158 million yuan, followed by China Shipbuilding and China Marine Defense, which also saw significant outflows [1] - A detailed table lists the stocks within the China Shipbuilding sector, showing their respective price changes, turnover rates, and net fund flows, indicating a challenging day for most companies in the sector [1]

| 证券代码：600482 | 证券简称：中国动力 | | 公告编号：2025-047 | | --- | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 | 02 | | 中国船舶重工集团动力股份有限公司 关于聘任公司总会计师、董事会秘书的公告 王锦女士已取得上海证券交易所颁发的董事会秘书任职培训证明，并通过上海证 券交易所任职资格审查,具备履行董事会秘书职责所必须的法律、财务、管理等专业知 识和所需的工作经验，具有良好的职业道德和个人品质，不存在相关法律法规规定的 禁止任职的情况，符合《中华人民共和国公司法》《上海证券交易所股票上市规则》 及《中国船舶重工集团动力股份有限公司章程》等有关规定的董事会秘书任职资格。 附件：王锦女士简历 1 特此公告。 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。 中国船舶重工集团动力股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日召 开了第八届董事会第十四次会议，审议通过了《关于聘任公司总会计师、董事会秘书 的议案》。经公司董事长提名、 ...

| 证券代码：600482 | 证券简称：中国动力 | | 公告编号：2025-046 | | --- | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 | 02 | | 中国船舶重工集团动力股份有限公司 第八届董事会第十四次会议决议公告 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。 中国船舶重工集团动力股份有限公司（以下简称"公司"）第八届董事会第十四次 会议于 2025 年 7 月 3 日上午 9:00 以现场结合通讯方式召开，会议通知于 2025 年 6 月 25 日以专人送达或电子邮件方式发出。公司应出席董事 10 名，实际出席董事 10 名， 其中以通讯表决方式出席本次会议的董事 8 名。会议由公司董事长李勇先生主持召开， 公司监事、高级管理人员列席了会议。 本次会议的召开符合《中华人民共和国公司法》等法律、行政法规及规范性文件 和《中国船舶重工集团动力股份有限公司章程》（以下简称"《公司章程》"）的有 关规定。 经与会董事审议，一致通过如下决议： 一、审议通过《关于聘任公司 ...

| 证券代码：600482 | 证券简称：中国动力 | | 公告编号：2025-045 | | --- | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 | 02 | | 中国船舶重工集团动力股份有限公司 可转债转股结果暨股份变动公告 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： ●本季度转股情况：2025 年第二季度，中国船舶重工集团动力股份有限公司（以 下简称"公司"）定向可转债"动力定 02"余额因转股减少 1,950,000 元。 ●累计转股情况：截至 2025 年 6 月 30 日，公司定向可转债"动力定 02"累计因 转股减少金额 1,198,252,000 元，累计形成 59,921,739 股，占可转债转股前已发行股份 总额的 2.7733%。考虑已摘牌的定向可转债"动力定 01"，累计转股占可转债转股前 已发行股份总额的 4.2663%。 ●未转股可转债情况：截至 2025 年 6 月 30 日，公司定向可转债"动力定 02"剩 余可转债余额为 301 ...

Investment Rating - The report maintains an "Overweight" rating for the transportation industry, indicating expectations for the industry to outperform the overall market [11]. Core Insights - The shipping sector is expected to see performance improvements driven by a shift in oil production policies and a tightening supply of older vessels, with demand for small container ships increasing due to regional industrial shifts [1][2]. - The shipbuilding market is anticipated to recover as demand is expected to rebound following the easing of trade tensions, with new orders and ship prices likely to rise [2]. - The aviation sector is experiencing steady growth in passenger traffic, with a narrowing decline in ticket prices, suggesting a recovery in airline revenues [2]. - The express delivery industry is facing a decline in growth rates, with increased competition in the mid-to-high-end e-commerce segment, but companies like SF Express are expected to maintain strong growth [2][3]. Shipping Sector Summary - The demand for oil tankers and bulk carriers is improving, with Q2 performance estimates showing significant increases for companies like COSCO Shipping Energy and China Merchants Energy [2]. - The small container ship market is experiencing rising charter rates and second-hand prices, with a tight supply situation expected to persist until at least 2030 [2]. Shipbuilding Sector Summary - The easing of the 301 tariffs is expected to release pent-up demand in the shipbuilding market, with new orders likely to increase as trade relations improve [2]. - The report highlights that China's shipbuilding industry is recovering from previous pressures, with new orders returning to a leading position [2]. Aviation Sector Summary - The aviation market is entering a peak season with stable growth in passenger numbers, and airlines are expected to benefit from improved cost structures due to lower fuel prices [2]. - Recommendations include major airlines such as China Southern Airlines and China Eastern Airlines, which are projected to return to profitability [3]. Express Delivery Sector Summary - The express delivery industry is seeing a decrease in growth rates, with competition intensifying in the e-commerce segment, particularly for mid-to-high-end services [2]. - Despite the overall slowdown, SF Express is expected to continue its high growth trajectory, driven by operational expansions and new service offerings [2]. Road and Rail Sector Summary - The report anticipates stable growth in highway traffic and toll revenues, with recommendations for companies like Zhejiang Expressway and Ninghu Expressway [2]. - Rail passenger traffic is also expected to grow, albeit at a slower pace, with recommendations for high-speed rail companies [2].

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-043 | | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定02 | | 中国船舶重工集团动力股份有限公司 ●公司不存在逾期提供担保的情况。 ●特别风险提示：无 一、担保情况概述 关于为所属子公司提供担保的进展情况公告 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： ●被担保人名称：被担保人为中国船舶重工集团动力股份有限公司（以下简称 "公司"或"中国动力"）间接控股子公司哈尔滨广瀚燃气轮机有限公司（以下 简称"广瀚燃机"）、哈尔滨广瀚动力传动有限公司（以下简称"广瀚传动"）。 ●担保金额及已实际为其提供的担保余额：本次新增公司向广瀚燃机提供担保 合同金额42,324万元，担保余额38,639万元，向广瀚传动提供担保合同金额2,842.80 万元，担保余额286.24万元（以上担保余额均含本次新增）。 ●本次担保是否有反担保：本次新增担保有反担保。 公司分别于2025年4月24日、2025年5月2 ...

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-044 | | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定02 | | 中国船舶重工集团动力股份有限公司 中国船舶重工集团动力股份有限公司董事会 二〇二五年七月一日 1 中国船舶重工集团动力股份有限公司（以下简称"中国动力"、"公司"）拟 通过发行可转换公司债券及支付现金的方式向中国船舶工业集团有限公司购买其 持有的中船柴油机有限公司 16.5136%股权，并向不超过 35 名特定投资者发行可转 换公司债券募集配套资金（以下简称"本次交易"）。 2025 年 6 月 30 日，公司收到上海证券交易所（以下简称"上交所"）出具的 《关于受理中国船舶重工集团动力股份有限公司发行股份购买资产并募集配套资 金申请的通知》(上证上审（并购重组）〔2025〕44 号）。上交所依据相关规定对 申请文件进行了核对，认为申请文件齐备，符合法定形式，决定予以受理并依法 进行审核。 本次交易尚需上交所审核通过，并经中国证券监督管理委员会予以注册及相关 法律法规所要求的其他可能涉及的必要批准、核准、备案或许可（如需） ...