Group 1 - Zijin Mining has completed the acquisition of control over Zangge Mining, holding 411 million shares, which is 26.18% of its total share capital [3] - Huayi Group plans to acquire 60% equity of San Aifu for approximately 4.09 billion yuan, aiming to enhance business expansion and competitiveness [6] - Silex reported April sales of 31,488 new energy vehicles, a year-on-year increase of 12.99%, while cumulative sales for the year reached 86,040 units, down 29.87% [4] Group 2 - Huamao Technology's controlling shareholder intends to increase its stake in the company by 100 million to 200 million yuan within six months [2] - Haixing Power's controlling shareholder has signed an agreement to transfer 5% of the company's shares, amounting to 57.9 million yuan, to a related party [5] - Huaneng Technology's controlling shareholder is planning a change in control, which may lead to a transfer of 15% of the company's shares [12] Group 3 - Huzhou Intelligent successfully bid for 75% equity of Shanghai Aerospace Yigeng Intelligent Technology Co., Ltd. for 101 million yuan, focusing on high-end five-axis linkage machine tools [13] - Changchuan Technology plans to establish a joint venture for high-end packaging and testing equipment localization with a registered capital of 100 million yuan [8] - Aoheng Electric received a project confirmation from a leading new energy vehicle brand, with an estimated total revenue of approximately 619 million yuan over the project lifecycle [9] Group 4 - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in ticket sales within six days of release, exceeding 50% of the company's last audited annual revenue [10] - Yinlun Co. plans to repurchase shares worth 50 million to 100 million yuan, with a maximum price of 36 yuan per share [11]

信息披露义务人一：浙江海兴控股集团有限公司 住所/通讯地址：浙江省宁波东钱湖旅游度假区莫枝北路 888 号 信息披露义务人二：周良璋 住所/通讯地址：浙江省杭州市莫干山路 1418-35 号 信息披露义务人三：李小青 住所/通讯地址：浙江省杭州市莫干山路 1418-35 号 信息披露义务人四：周君鹤 住所/通讯地址：浙江省杭州市莫干山路 1418-35 号 杭州海兴电力科技股份有限公司 简式权益变动报告书 上市公司名称：杭州海兴电力科技股份有限公司 上市地点：上海证券交易所 股票简称：海兴电力 股票代码：603556 股份变动性质：股份减少 签署日期：2025 年 5 月 5 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称为《证券法》）、 《上市公司收购管理办法》（以下简称《收购管理办法》）、《公开发行证券的 公司信息披露内容与格式准则第 15 号-权益变动报告书》（以下简称《准则 15 号》） 及其他相关的法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人公司章程或内部规则中的任何条款，或与之相冲突。 ...

签署日期：2025 年 5 月 5 日 上市地点：上海证券交易所 股票简称：海兴电力 股票代码：603556 信息披露义务人声明 杭州海兴电力科技股份有限公司 简式权益变动报告书 上市公司名称：杭州海兴电力科技股份有限公司 信息披露义务人名称：周君鹤 住所及通讯地址：浙江省杭州市拱墅区莫干山路 1418-35 号 股份变动性质：股份增加 一、信息披露义务人依据《中华人民共和国证券法》（以下简称为《证券法》）、 《上市公司收购管理办法》（以下简称《收购管理办法》）、《公开发行证券的 公司信息披露内容与格式准则第 15 号-权益变动报告书》（以下简称《准则 15 号》） 及其他相关的法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人公司章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》、《收购管理办法》、《准则 15 号》的规定，本报告 书已全面披露信息披露义务人在杭州海兴电力科技股份有限公司中拥有权益的 股份变动情况。 四、截止本报告书签署之日，除本报告书披露的持股信息外，信息披露义务 人没有通过任何其他方式增加或减少其在杭州海 ...

证券代码：603556 证券简称：海兴电力 公告编号：2025-030 杭州海兴电力科技股份有限公司 关于控股股东协议转让公司部分股份 暨权益变动的提示性公告 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。 | 公司名称 | 浙江海兴控股集团有限公司 | | --- | --- | | 注册地 | 宁波东钱湖旅游度假区钱湖北路工业区 | | 法定代表人 | 周良璋 | | 注册资本 | 10,000 万元人民币 | | 社会统一信 用代码 | 91330200726387937B | | 公司类型 | 有限责任公司 | | 经营范围 | 实业投资 | | 成立日期 | 2001 年 1 月 20 日 | | 通讯地址 | 浙江省杭州市莫干山路 1418-35 号 | | 主要股东 | 周良璋持股 35.30%；李小青持股 27.30%；周君鹤持股 37.40%。 | | | 其中周君鹤将其持有的 27.40%海兴控股的表决权授予周良璋，周 | | | 良璋拥有 62.70%的海兴控股表决权，为公司实际控制人。 | 转让方 ...

海兴电力（603556）公告，控股股东海兴控股与周君鹤先生签署《股份转让协议》，海兴控股将其持有 的2431.32万股公司股份(占公司总股本的5%)以每股23.8元的价格转让给周君鹤先生，转让价款合计为人 民币5.79亿元。权益变动后，海兴控股持股比例降至44.30%，周君鹤先生持股比例为5%。此次权益变 动不触及要约收购，不会导致公司控股股东及实际控制人发生变化。 ...

Investment Rating - The report provides a positive investment outlook for the industrial control and power equipment sectors, highlighting stable growth and potential for new growth curves driven by humanoid and AI technologies [1]. Core Insights - The industrial control and power equipment industry experienced a revenue increase of 9% year-on-year and a net profit increase of 14% in Q1 2025, with total revenues reaching 204.7 billion and net profits at 14 billion [2][6]. - The overall gross profit margin for the industry faced pressure, recorded at 27.4% in Q1 2025, showing a year-on-year decline of 0.8 percentage points but an increase of 3.2 percentage points compared to the previous quarter [2][8]. - The report indicates a recovery in demand for industrial control in Q1 2025, with leading companies like Huichuan Technology exceeding profit expectations [2][26]. Summary by Sections Industrial Control Sector - The industrial control sector achieved a revenue of 28.2 billion in Q1 2025, marking a 27% increase year-on-year, with net profits rising by 33% to 2.5 billion [2][6]. - The gross profit margin for the industrial control sector was 28.3%, down 3.4 percentage points year-on-year but up 2.7 percentage points quarter-on-quarter [2][8]. - Huichuan Technology reported a significant revenue increase of 38% and a net profit increase of 63% in Q1 2025 [2][26]. Power Equipment Sector - The power equipment sector's revenue for Q1 2025 was 118.8 billion, a 4% increase year-on-year, with net profits at 7.1 billion, reflecting a 6% increase [2][6]. - The gross profit margin for the power equipment sector was under pressure, with a slight decline in profitability observed [2][8]. - The report highlights that the high-voltage and ultra-high voltage segments are beginning to rebound, with revenue growth expected in the coming quarters [2][26]. Investment Recommendations - For the power grid sector, the report recommends companies such as Siyi Electric, Samsung Medical, and China West Electric, while suggesting a watch on companies like Huaming Equipment and Mingyang Electric [2][26]. - In the industrial control sector, recommended companies include Huichuan Technology, Hongfa Technology, and Sanhua Intelligent Control, with a focus on companies like Megmeet and Hechuan Technology for potential growth [2][26].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is accelerating its localization layout in overseas distribution and power supply, while enhancing its integration capabilities in the new energy sector [5] - In 2024, the company achieved operating revenue of 4.717 billion yuan, a year-on-year increase of 12.30%, and a net profit attributable to shareholders of 1.002 billion yuan, a year-on-year increase of 2.00% [4] - The company is expanding its overseas market presence with new production bases in Europe, Latin America, and Africa, while also integrating its distribution and new energy product design capabilities domestically [5] Financial Performance - In Q1 2025, the company reported revenue of 784 million yuan, a year-on-year decrease of 12.99%, and a net profit of 141 million yuan, a year-on-year decrease of 34.07% [4] - The gross profit margin for 2024 was 43.95%, an increase of 2.05 percentage points year-on-year, while the gross profit margin for Q1 2025 was 42.44%, a decrease of 1.18 percentage points year-on-year [4] - Revenue is projected to grow to 5.397 billion yuan in 2025, 6.127 billion yuan in 2026, and 6.902 billion yuan in 2027, with corresponding net profits of 1.293 billion yuan, 1.483 billion yuan, and 1.661 billion yuan respectively [6][8] Segment Performance - In 2024, the smart distribution and power supply segment generated revenue of 4.535 billion yuan, a year-on-year increase of 13.35%, with overseas revenue of 2.940 billion yuan (up 9.77%) and domestic revenue of 1.595 billion yuan (up 20.61%) [5] - The new energy segment reported revenue of 143 million yuan, a year-on-year decrease of 12.32% [5] Valuation Metrics - The projected P/E ratios for 2025, 2026, and 2027 are 10, 9, and 8 times respectively [6] - The projected P/B ratios for the same years are 1.53, 1.30, and 1.11 respectively [8]

证券代码：603556 证券简称：海兴电力 公告编号：2025-028 杭州海兴电力科技股份有限公司 第五届监事会第三次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 2025 年 4 月 29 日，杭州海兴电力科技股份有限公司（以下简称"海兴电力" 或"公司"）第五届监事会第三次会议在公司会议室以现场表决的方式召开。本 次会议通知于 2025 年 4 月 24 日以电子邮件的形式向各位监事发出，会议应参加 监事 3 名，实际参加监事 3 名，占全体监事人数的 100%，会议由监事会主席丁 建华先生主持。本次会议的召集、召开以及表决程序符合《公司法》及《公司章 程》的有关规定，会议形成的决议合法有效。 二、监事会会议审议情况 审议通过了《关于2025年第一季度报告的议案》 特此公告。 杭州海兴电力科技股份有限公司监事会 2025年4月30日 经审核，监事会认为：《公司2025年第一季度报告》的编制和审议程序符合 法律、法规、《公司章程》和公司内部管理制度的各项规定；报告内容真实、准 ...

杭州海兴电力科技股份有限公司 第五届董事会第三次会议决议公告 证券代码：603556 证券简称：海兴电力 公告编号：2025-027 二、董事会会议审议情况 审议通过了《关于2025年第一季度报告的议案》 具体内容详见同日披露在《上海证券报》、《证券时报》以及上海证券交易 所网站（www.sse.com.cn）上的《杭州海兴电力科技股份有限公司2025年第一季 度报告》。 本议案已经公司第五届董事会审计委员会2025年第三次会议审议通过，并同 意提交董事会审议。 表决结果：9票赞成，0票反对，0票弃权 特此公告。 杭州海兴电力科技股份有限公司董事会 2025年4月30日 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。 一、董事会会议召开情况 2025 年 4 月 29 日，杭州海兴电力科技股份有限公司（以下简称"海兴电力" 或"公司"）第五届董事会第三次会议在公司会议室以现场结合通讯表决的方式 召开。本次会议通知于 2025 年 4 月 24 日以电子邮件的形式向各位董事发出，会 议应参加董事 9 名，实际参加董事 9 ...

Financial Performance - Revenue for Q1 2025 was CNY 784.49 million, a decrease of 12.99% compared to CNY 901.65 million in the same period last year[3]. - Net profit attributable to shareholders was CNY 140.98 million, down 34.07% from CNY 213.81 million year-over-year[3]. - Basic earnings per share decreased by 34.09% to CNY 0.29 from CNY 0.44 in the previous year[3]. - Gross profit for Q1 2025 was CNY 180,623,594.81, compared to CNY 261,844,210.98 in Q1 2024, indicating a decline of 30.9%[17]. - Operating profit for Q1 2025 was CNY 157,045,038.18, down from CNY 245,964,888.66 in the same period last year, representing a decline of 36%[18]. - The total comprehensive income for Q1 2025 was CNY 143,028,221.58, down from CNY 196,713,334.14 in Q1 2024, reflecting a decrease of about 27%[19]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.29, down from CNY 0.44 in Q1 2024[19]. Cash Flow and Assets - Operating cash flow turned negative at CNY -8.50 million, a decline of 102.76% compared to CNY 307.76 million in the same period last year[3]. - Cash flow from operating activities for Q1 2025 was negative at CNY -8,501,578.80, contrasting with a positive cash flow of CNY 307,761,819.87 in Q1 2024[23]. - Cash flow from investment activities in Q1 2025 was CNY 555,926,985.36, a significant improvement compared to CNY -965,252,463.70 in Q1 2024[23]. - Cash and cash equivalents as of March 31, 2025, were CNY 2,064,546,794.15, down from CNY 2,580,796,045.18 as of December 31, 2024, a decrease of 20.0%[12]. - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 1,411,393,873.19, compared to CNY 1,591,402,203.55 at the end of Q1 2024[24]. - The company reported a net increase in cash and cash equivalents of CNY 465,032,675.45 for Q1 2025, compared to a decrease of CNY -791,881,612.37 in Q1 2024[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,569[8]. - The largest shareholder, Zhejiang Haixing Holding Group Co., Ltd., holds 49.3% of the shares[9]. Assets and Liabilities - Total assets increased by 0.64% to CNY 9.54 billion from CNY 9.48 billion at the end of the previous year[4]. - Total current assets as of March 31, 2025, were CNY 5,580,807,500.14, down from CNY 6,129,296,377.01 as of December 31, 2024, a decline of 9.0%[13]. - Total liabilities as of March 31, 2025, were CNY 2,259,816,254.30, compared to CNY 2,339,438,064.74 as of December 31, 2024, a decrease of 3.4%[14]. - Total assets as of March 31, 2025, were CNY 9,538,508,831.92, slightly up from CNY 9,478,317,442.50 as of December 31, 2024, an increase of 0.6%[15]. Research and Development - Research and development expenses for Q1 2025 amounted to CNY 74,324,363.72, an increase of 18.4% from CNY 62,829,013.93 in Q1 2024[17]. - The company continues to focus on R&D, indicating a strategic commitment to innovation despite declining revenues[17]. Other Financial Metrics - Non-recurring gains and losses totaled CNY -1.96 million, primarily due to increased expenses and revenue decline[6]. - The company reported a decrease in the weighted average return on equity by 1.23 percentage points to 1.96%[3]. - The company experienced a foreign exchange gain of CNY 6,776,326.14 in Q1 2025, contrasting with a loss of CNY -1,206,029.28 in Q1 2024[24].