Core Viewpoint - The report from Dayuan Pump Industry reveals a mixed financial performance for the first half of 2025, with revenue growth but a significant decline in net profit, attributed to the absence of prior asset disposal gains and challenges in certain product segments [2][3]. Financial Performance - The company achieved a revenue of 9.65 billion yuan, representing a year-on-year increase of 14.55% [2]. - The net profit attributable to shareholders was 1.01 billion yuan, down 27.99% year-on-year [2]. - The non-recurring net profit was 930.09 million yuan, a decrease of 10.67% compared to the previous year [2]. Business Segments - Dayuan Pump Industry's products are categorized into three main types: - Civil products - Commercial products, primarily used in sectors like new energy vehicles, wind power, energy storage, and data centers - Industrial products, applied in chemical, refrigeration, hydrogen production, and semiconductor industries [3]. Liquid Cooling Business - The company’s liquid cooling temperature control business saw significant growth, with revenue reaching 70 million yuan, a year-on-year increase of approximately 105% [3]. - The company has made breakthroughs in liquid cooling projects for mining machines, marking a new application scenario [3]. Agricultural Pump Segment - The agricultural pump segment reversed the decline seen in 2024, achieving a revenue of approximately 340 million yuan, up 17.6% year-on-year [4]. - The household shield pump segment showed mixed performance, with domestic sales slightly declining due to external market pressures, while exports recovered after a prolonged downturn [4]. Accounts Receivable - As of the end of the first half of 2025, the total accounts receivable amounted to 479 million yuan, indicating a high level of receivables [4].

Core Viewpoint - The company, Dayuan Pump Industry, reported a mixed financial performance for the first half of 2025, with revenue growth but a significant decline in net profit, attributed to the absence of prior asset disposal gains and increased depreciation costs [1][2]. Financial Performance - The company achieved revenue of 9.65 billion yuan, a year-on-year increase of 14.55% [1] - The net profit attributable to shareholders was 1.01 billion yuan, a decrease of 27.99% year-on-year [1] - The non-recurring net profit was 930.09 million yuan, down 10.67% year-on-year [1] - The increase in depreciation expenses was 32.88 million yuan, nearly a 10 million yuan increase compared to the previous year [1] Business Segments - The liquid cooling temperature control business grew by 105% year-on-year, with revenue of 0.7 billion yuan in the first half of 2025 [2] - The sales revenue from products used in the new energy vehicle sector reached approximately 0.33 billion yuan, a year-on-year increase of 58.6% [2] - The traditional civil series products remain the main revenue source, with the agricultural pump segment recovering to achieve revenue of about 3.4 billion yuan, a year-on-year increase of 17.6% [4] - The household shield pump segment generated revenue of 3.6 billion yuan, a year-on-year increase of 5.8% [4] Market Dynamics - The company has made breakthroughs in liquid cooling projects for mining machines, marking a new application scenario [3] - The household shield pump segment showed a mixed performance, with domestic sales slightly declining due to external market pressures, while exports recovered after a prolonged adjustment period [4] - The total accounts receivable amounted to 4.79 billion yuan, indicating potential risks related to customer payment capabilities [4]

Company Distribution Plans - The company announced a distribution plan for the first half of 2025, proposing a cash dividend of 5 yuan per 10 shares (before tax), with a total payout of approximately 82.37 million yuan [3] - This marks the 11th cash distribution since the company's listing, with a payout ratio of 81.68% of net profit and a dividend yield of 2.21% based on the average trading price [3] Financial Performance - For the first half of 2025, the company reported revenue of 965 million yuan, representing a year-on-year increase of 14.55% [1] - The net profit for the same period was 101 million yuan, showing a year-on-year decline of 27.99%, with basic earnings per share at 0.61 yuan and a weighted average return on equity of 5.94% [1] Industry Context - In the mechanical equipment industry, 29 companies have announced their distribution plans for the first half of 2025, with China CNR leading with a total payout of 3.157 billion yuan, followed by SANY Heavy Industry and Times Electric with payouts of 2.614 billion yuan and 597 million yuan, respectively [2]

Core Viewpoint - Dayuan Pump Industry (603757.SH) reported its semi-annual results for 2025, highlighting an increase in institutional investor holdings and changes in public fund and social security fund investments [1] Institutional Investors - As of August 25, 2025, six institutional investors disclosed holdings in Dayuan Pump Industry, totaling 8.5542 million shares, which represents 5.19% of the company's total share capital [1] - The institutional investor holdings increased by 0.19 percentage points compared to the previous quarter [1] Public Funds - Two new public funds disclosed holdings in Dayuan Pump Industry during this period, including the "People's Insurance Stable Configuration Three-Month Holding (FOF)" and "People's Insurance Tai Rui Active Configuration Three-Month Holding Mixed Initiation (FOF) A" [1] - One public fund, "Huaxia Hope Bond A," was not disclosed in this period compared to the previous quarter [1] Social Security Funds - One new social security fund disclosed holdings in Dayuan Pump Industry, specifically the "Guotai Fund Management Co., Ltd. - Social Security Fund 421 Combination" [1] Insurance Capital - One insurance capital entity, "Sunshine Asset - Industrial and Commercial Bank - Active Quantitative No. 1 Asset Management Product," reduced its holdings compared to the previous quarter, with a slight decrease in shareholding proportion [2]

Group 1 - The National Development and Reform Commission held a meeting to gather opinions on expanding domestic demand and stabilizing employment during the 14th Five-Year Plan period [2] - Companies expressed the need for improved policies in areas such as domestic demand expansion, market competition, intellectual property protection, and green development [2] - Enterprises are focusing on innovation and resisting disorderly competition to contribute to economic growth [2] Group 2 - Multiple high-performing stocks reported significant growth in their mid-year earnings, with Gaode Infrared's net profit increasing by over 900% year-on-year [3] - Companies like Changcheng Military Industry and Taotao Automotive also reported substantial revenue increases, indicating a strong performance in the market [3] Group 3 - NVIDIA launched the Jetson Thor AI computing platform, which boasts a 7.5 times increase in AI computing power compared to its predecessor [4] - The developer kit is priced at $3,499, while bulk orders for the production module are priced at $2,999 each [4] Group 4 - Elon Musk's xAI filed a lawsuit against OpenAI and Apple, accusing them of colluding to hinder competition in the AI sector [5] - Musk claims that Apple is violating antitrust laws by favoring OpenAI in its app store rankings, making it difficult for other AI companies to compete [5] Group 5 - The U.S. government announced plans to impose a 50% tariff on Indian products, signaling a significant increase from the previous 25% [6] - This move is part of a broader strategy to raise tariffs on goods purchased from India, particularly those related to Russian oil [6] Group 6 - China's ETF market is nearing a milestone of 5 trillion yuan, with the total market size reaching 4.97 trillion yuan [7] - The number of ETFs exceeding 100 billion yuan has also increased, with major fund companies leading the market [7] Group 7 - The Chinese government issued guidelines to strengthen the national carbon market, supporting financial institutions in conducting carbon pledge financing [8] - The goal is to establish a comprehensive carbon trading market by 2030, covering major industrial sectors and ensuring a transparent pricing mechanism [8][10] Group 8 - Domestic oil prices are expected to decrease for the seventh time this year, potentially saving consumers 7.5 yuan per full tank [9] - Analysts attribute this anticipated drop to a lack of positive signals in the international oil market [9] Group 9 - The competition for the title of "stock king" in A-shares is intensifying between Cambricon and Kweichow Moutai, with Cambricon's stock price surging [12] - This shift reflects a broader market trend towards valuing AI and technology-driven growth over traditional consumer brands [12] Group 10 - Huawei is set to launch a new AI SSD aimed at enhancing data processing capabilities for AI model training [13] - This product is designed to address limitations in traditional high-bandwidth memory, offering larger capacity and improved data throughput [13] Group 11 - Several Chinese traditional medicine companies are increasing their investment in innovative drug research and development [16] - Airlines and airports are expected to see continued improvement in their performance in the second half of the year [16] Group 12 - The lithium mining industry is expected to see an improvement in supply-demand dynamics due to a reduction in excessive competition [17] - ASIC chip leaders are adjusting their pricing strategies, indicating a shift in market conditions [17] Group 13 - The A-share market is experiencing a strong upward trend, with the Shanghai Composite Index approaching 3900 points [17] - The market's performance is supported by improved domestic fundamentals and liquidity, alongside positive earnings reports from listed companies [20][21]

Meeting Information - The 7th meeting of the 4th Supervisory Board of Zhejiang Dayuan Pump Industry Co., Ltd. was held on August 25, 2025, at the company's headquarters [1] - All three supervisors attended the meeting, which was chaired by the chairman of the Supervisory Board, Li Haijun [1] - The meeting was conducted in accordance with the Company Law, the Shanghai Stock Exchange listing rules, and the company's articles of association [1] Supervisory Board Review - The Supervisory Board conducted a thorough review of the 2025 semi-annual report and its summary, confirming compliance with legal and regulatory requirements [1] - The content and format of the semi-annual report were found to meet the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange, accurately reflecting the company's operational and financial status for the first half of 2025 [1] - All personnel involved in the preparation and review of the semi-annual report adhered to confidentiality regulations, ensuring no harm to the company or investors [1] Resolutions Passed - The Supervisory Board unanimously approved the special report on the actual use of raised funds for the first half of 2025, confirming its accuracy and compliance with relevant laws [2] - The profit distribution plan for the first half of 2025 was also approved, taking into account shareholder return needs, cash flow, and operational development, with no harm to the company or shareholders [2]

Meeting Information - The first extraordinary general meeting of shareholders for 2025 is scheduled for September 11, 2025, at 14:00 [1] - The meeting will be held at the company's office located at 689 Xicheng Road, Zeguo Town, Wenling City, Taizhou, Zhejiang Province [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's voting system [1][2] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system from 9:15 to 15:00 on the day of the meeting [1][3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [4] - The first voting result will be considered valid if the same voting right is exercised multiple times [4] Attendance and Registration - Only shareholders registered by the close of trading on September 5, 2025, are eligible to attend the meeting [5] - Shareholders can appoint a proxy to attend and vote on their behalf, and the proxy does not need to be a shareholder [5] - Registration for attendance can be done in person or via mail, fax, or email for remote shareholders [5][6] Additional Information - The company will utilize a reminder service to notify shareholders about the meeting and voting procedures [6] - Contact information for the company's securities department is provided for any inquiries [6]

证券代码：603757 证券简称：大元泵业 公告编号：2025-040 债券代码：113664 债券简称：大元转债 浙江大元泵业股份有限公司 2025 年半年度 募集资金存放与实际使用情况的专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求（2022 年修订）》（证监会公告〔2022〕15 号）、 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》以及《上海证券 交易所上市公司自律监管指南第 1 号——公告格式》的相关规定，浙江大元泵业 股份有限公司（以下简称"公司"、"本公司"）就 2025 年上半年度募集资金 存放与使用情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会证监许可[2022]2369 号《关于核准浙江大元泵 业股份有限公司公开发行可转换公司债券的批复》核准，本公司向社会公开发行 面值总额为 45,000.00 万元的可转换公司债券，期限 ...

证券代码：603757 证券简称：大元泵业 公告编号：2025-043 债券代码：113664 债券简称：大元转债 浙江大元泵业股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： ?会议召开时间：2025 年 09 月 23 日 （星期二） 16:00-17:00 ?投资者可于 2025 年 09 月 16 日（星期二）至 09 月 22 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zhengqu an@dayuan.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江大元泵业股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 09 月 23 日（星期二）16:00-17:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流 ...

Group 1 - The company reported a revenue of 964,603,955.75 yuan for the first half of 2025, representing a year-on-year increase of 14.55% [2] - The net profit attributable to shareholders of the listed company was 100,849,567.20 yuan, showing a year-on-year decrease of 27.99% [2]