| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-071 | | --- | --- | --- | | 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 公司控股股东涉及同业竞争事宜解决方案进展的公告 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。 2025 年 10 月 30 日，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"）第八届董事会第十八次会议审议通过了《关于公司控股股东涉及同业 竞争事宜解决方案进展的议案》，现就具体内容公告如下： 一、同业竞争情况 在公司 2016 年及 2019 年重大资产重组过程中，与控股股东中国船舶重工集团有 限公司（以下简称"中船重工集团"）下属公司存在一定程度同业竞争，中船重工集 团已出具了相关避免同业竞争的承诺，承诺中涉及到的同业竞争公司（以下简称"标 的公司"）包括大连船用柴油机有限公司（以下简称"大连船柴"）、青岛海西船舶 柴油机科技有限公司（以下简称"青岛船柴"）、陕西柴油机重工有限公 ...

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-072 | | --- | --- | --- | | 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 关于与中船财务有限责任公司签订 2025 年度金融 服务协议之补充协议暨关联交易的公告 本公司董事会、全体董事及相关股东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： 本次交易简要内容：由于 2025 年度柴油机销售增长，销售回款及预收货 款增加，中国船舶重工集团动力股份有限公司（以下简称"公司"）充分考虑后 续生产经营需要和合同结算收款计划，拟与中船财务有限责任公司（以下简称"财 务公司"）签订《<2025 年度金融服务协议>之补充协议》，增加相关金融业务额 度，在财务公司的日最高存款结余上限由人民币360亿元增加至人民币450亿元， 调增 90 亿元，有效期至股东会审议通过下年度金融服务协议之日止。 交易限额 | 每日最高存款余额 | 4,500,000 万元 | | --- | --- | | 每日最高贷 ...

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-073 | | --- | --- | --- | | 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 年第三季度业绩说明会预告公告 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： 会议问题征集：投资者可于 2025 年 11 月 3 日（星期一）至 11 月 7 日（星 期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过中国 船舶重工集团动力股份有限公司（以下简称"公司"）邮箱（sh600482@163.com） 进行会前提问。公司将在信息披露允许的范围内在说明会上对投资者普遍关注的 问题进行回答。 公司已于 2025 年 10 月 31 日发布 2025 年第三季度报告，为便于广大投资者 更全面深入地了解公司 2025 年前三季度经营成果和财务状况，公司将于 2025 年 11 月 10 日（星期一）9:00-10:00 举行 2025 年第三季度业绩说明 ...

证券代码：600482 证券简称：中国动力 公告编号：2025-069 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年第二次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 627 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,335,454,620 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 59.2600 | (一) 股东会召开的时间：2025 年 10 月 30 日 (二) 股东会召开的地点：北京市海淀区昆明湖南路 72 号 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况 等。 本次股东会由公司董事会召集，公司董事长李勇先生主持。本次股东会采取 现场和网络投票 ...

北京市金杜律师事务所 关于中国船舶重工集团动力股份有限公司 2025 年第二次临时股东会 的法律意见书 致：中国船舶重工集团动力股份有限公司 北京市金杜律师事务所（以下简称本所）接受中国船舶重工集团动力股份有限 公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以下简 称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别 行政区和中国台湾省）现行有效的法律、行政法规、规章和规范性文件和现行有效 的《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》）有关规 定，指派律师出席了公司于 2025 年 10 月 30 日召开的 2025 年第二次临时股东会 （以下简称本次股东会），并就本次股东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2025 年第一次临时股东大会审议通过的《公司章程》； 2. 公司分别于 2025 年 8 月 30 日、2025 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥13,320,095,326.63, an increase of 13.28% compared to the same period last year[4] - Total profit for the quarter was ¥871,921,728.89, reflecting a significant increase of 60.88% year-over-year[4] - Net profit attributable to shareholders was ¥288,403,001.45, up by 7.71% compared to the same quarter last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥40.97 billion, an increase of 11.5% compared to ¥36.62 billion in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥2.79 billion, up 99.9% from ¥1.40 billion in the same period of 2024[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥1.21 billion, representing a 62.5% increase from ¥743 million in the same period of 2024[21] - The company reported a total comprehensive income of ¥2.56 billion for the first three quarters of 2025, compared to ¥1.31 billion in the same period of 2024[20] - The net profit for the first three quarters of 2025 reached CNY 602,388.82 million, a substantial rise from CNY 73,285.86 million in 2024, reflecting a growth of approximately 720%[30] - The total profit for the first three quarters of 2025 was CNY 607,779.65 million, compared to CNY 77,443.47 million in 2024, marking an increase of about 684%[29] Cash Flow and Investments - The net cash flow from operating activities decreased by 50.16% to ¥2,269,502,085.32 due to rising raw material costs[5] - Operating cash inflow for the first three quarters of 2025 reached CNY 47.05 billion, an increase of 3.65 billion or 8.4% compared to CNY 43.47 billion in the same period of 2024[23] - Net cash flow from operating activities decreased to CNY 7.56 billion in 2025 from CNY 9.32 billion in 2024, a decline of 19%[23] - Cash inflow from investment activities totaled CNY 4.84 billion in 2025, significantly higher than CNY 0.997 billion in 2024, marking a 384% increase[24] - Net cash flow from investment activities was negative at CNY -1.44 billion in 2025, an improvement from CNY -2.73 billion in 2024[24] - The company experienced a net cash outflow from operating activities of CNY -25,816.19 million in 2025, an improvement from CNY -37,514.65 million in 2024[31] - Investment activities generated a net cash inflow of CNY 975,325.39 million in 2025, compared to CNY 643,005.48 million in 2024, showing a growth of approximately 52%[32] Assets and Liabilities - Total assets as of the end of the reporting period were ¥114,657,432,186.18, representing a 5.24% increase from the previous year[5] - Total assets increased to ¥114.66 billion from ¥108.95 billion, representing a growth of approximately 5.5%[15] - The company's total liabilities as of the end of the reporting period amounted to ¥61.68 billion, an increase from ¥57.99 billion at the end of the previous year[19] - The company’s total liabilities increased to ¥88.71 billion from ¥82.62 billion, reflecting a growth of approximately 7.5%[15] - The company reported a total non-current asset value of ¥25.95 billion, a slight decrease from ¥26.33 billion[15] - The company’s derivative financial liabilities decreased significantly from ¥61.16 million to ¥0.75 million, indicating a reduction of approximately 98.8%[15] - Total liabilities decreased to CNY 303.37 million in 2025 from CNY 389.50 million in 2024, a reduction of 22%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 75,068, indicating a stable shareholder base[11] - The top shareholder, China Shipbuilding Industry Group, holds 25.01% of the shares, maintaining significant control over the company[12] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥1.96 billion, an increase of 23.4% compared to ¥1.59 billion in the same period of 2024[19] Future Plans - The company plans to continue focusing on cost control and enhancing product profitability, which contributed to the increase in net profit margins[10] - The company plans to continue focusing on investment and expansion strategies to enhance its market position and financial performance in the upcoming quarters[33]

Core Insights - The company reported a third-quarter revenue of 13.32 billion yuan, representing a year-on-year growth of 13.28% [1] - The net profit for the third quarter was 288 million yuan, showing a year-on-year increase of 7.71% [1] - For the first three quarters, the total revenue reached 40.971 billion yuan, with a year-on-year growth of 11.88% [1] - The net profit for the first three quarters was 1.208 billion yuan, reflecting a significant year-on-year increase of 62.50% [1]

Market Overview - The other power equipment sector experienced a decline of 2.4% on the trading day, with Zhongheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock movements included: - Xinfuneng (300593) rose by 11.97% to a closing price of 27.23, with a trading volume of 642,500 shares and a turnover of 1.727 billion yuan [1] - Zhongheng Electric (002364) fell by 8.05% to a closing price of 25.60, with a trading volume of 621,900 shares and a turnover of 1.633 billion yuan [2] - Other significant declines included Maigemit (002851) down 5.48% and Yingjie Electric (300820) down 4.53% [2] Capital Flow - The other power equipment sector saw a net outflow of 2.227 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.740 billion yuan [2][3] - The capital flow for specific stocks indicated: - Zhongheng Electric had a net outflow of 14.05 million yuan from institutional investors [3] - ST Huaxi (002630) experienced a net inflow of 12.12 million yuan from retail investors despite a net outflow from institutional investors [3]

Core Insights - A total of 490 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of October 29 [1] - The stock with the longest continuous net outflow is Zhongju Gaoxin, with 31 days of outflows, followed by Hengshen New Materials with 21 days [1] - The largest total net outflow amount is from China Merchants Bank, with a cumulative outflow of 3.093 billion yuan over 12 days [1] Group 1: Stocks with Longest Net Outflows - Zhongju Gaoxin has seen net outflows for 31 days, with a total outflow of 559 million yuan and a cumulative decline of 6.91% [1] - Hengshen New Materials has recorded net outflows for 21 days, totaling 197 million yuan, with a decline of 9.80% [3] - China Merchants Bank has the highest net outflow amount of 3.093 billion yuan over 12 days, with a net outflow ratio of 6.98% and a cumulative increase of 1.65% [1] Group 2: Other Notable Stocks - Guotai Junan has experienced net outflows for 10 days, amounting to 1.877 billion yuan, with a net outflow ratio of 7.89% and a cumulative increase of 2.70% [1] - Shengbang Co. has seen net outflows for 12 days, totaling 1.826 billion yuan, with a net outflow ratio of 9.52% and a cumulative decline of 10.65% [1] - Huajian Group has recorded net outflows for 6 days, with a total outflow of 1.713 billion yuan and a significant decline of 40.29% [1] Group 3: Stocks with Significant Outflow Ratios - Jianan Intelligent has the highest net outflow ratio at 14.74%, with a decline of 2.98% over the past 5 days [1] - Other notable stocks with high outflow ratios include Huayi Development at 11.91% and Pianzaihuang at 11.84% [1] - The overall trend indicates a significant outflow of funds from various sectors, reflecting investor sentiment and market conditions [1]

Core Viewpoint - The upcoming APEC informal leaders' meeting in South Korea is set against a backdrop of sluggish global economic growth and rising protectionism, highlighting the region's desire for an open world economy and shared prosperity [1] Group 1: Economic Cooperation - China is a steadfast advocate for regional open cooperation, with trade relations with APEC economies becoming increasingly tight, as evidenced by a 2% year-on-year increase in imports and exports to APEC economies, reaching 19.41 trillion yuan, which accounts for 57.8% of China's total trade [2] - China's commitment to high-quality implementation of the Regional Comprehensive Economic Partnership (RCEP) and its progress in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA) demonstrate its determination to build an open APEC economy [2] Group 2: Innovation and Development - The current wave of technological revolution and industrial transformation presents opportunities for digital and green development, which are crucial for shaping new advantages in the Asia-Pacific region [3] - China's advancements in mobile payment technology and renewable energy projects in various countries illustrate its role in enhancing productivity and promoting sustainable development in the region [3] Group 3: Inclusive Growth - The uneven development in the Asia-Pacific region necessitates a focus on inclusive growth, with China advocating for the use of the APEC platform to strengthen economic and technical cooperation, particularly for developing economies and vulnerable groups [4] - China's global development initiative has yielded results in the Asia-Pacific, with specific projects aimed at poverty alleviation and public health cooperation, reflecting its commitment to shared development [4] - The 14th Five-Year Plan outlines China's future development blueprint, emphasizing its potential to provide new opportunities for the Asia-Pacific and global development through sustained modernization and high-level openness [4]