证券代码：603819 证券简称：神力股份 公告编号：2025-039 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。 一、董事会会议召开情况 常州神力电机股份有限公司（以下简称"公司"、"神力股份"）第五届董事 会第八次会议于 2025 年 8 月 28 日在公司会议室以现场结合通讯方式召开。会议 通知已于 2025 年 8 月 18 日以专人送达、电子邮件的形式向全体董事发出。本次 会议应出席董事 7 人，实际出席董事 7 人。会议由公司董事长陈猛先生主持，公 司高级管理人员列席了会议。 本次会议的召集、召开、表决程序符合《公司法》等法律法规及《公司章程》 的规定，会议决议合法有效。 二、董事会会议审议情况 1、审议通过《关于补选公司第五届董事会专门委员会委员的议案》 为完善公司治理结构，保障董事会专门委员会的正常运行，充分发挥专门委 员会在公司治理中的作用。根据《公司法》《公司章程》及其他有关规定，对公 司董事会专门委员会委员进行补选。 补选何长林先生为第五届董事会战略与投资委员会委员、提名委员会委员， 任期自本次董事会 ...

Part I Definitions [Common Terms Defined](index=4&type=section&id=Common%20Terms%20Defined) This section defines core terms, including company names, reporting periods, subsidiaries, and industry-specific technical vocabulary, to ensure clear understanding of the report - “Company”, “the Company”, and “Shenli Co., Ltd.” refer to Changzhou Shenli Motor Co., Ltd[12](index=12&type=chunk) - “Reporting Period” refers to January 1, 2025, to June 30, 2025[12](index=12&type=chunk) - “Motor” refers to a general term for devices that convert mechanical energy and electrical energy, mostly applying the principle of electromagnetic induction[12](index=12&type=chunk) Part II Company Profile and Key Financial Indicators [I. Company Information](index=5&type=section&id=I.%20Company%20Information) This section outlines the company's basic registration information, including its Chinese name, abbreviation, foreign name, and legal representative - The company's Chinese name is Changzhou Shenli Motor Co., Ltd., abbreviated as Shenli Co., Ltd[14](index=14&type=chunk) - The company's legal representative is Chen Meng[14](index=14&type=chunk) [II. Contact Person and Information](index=5&type=section&id=II.%20Contact%20Person%20and%20Information) This section provides the Board Secretary's name, contact address, telephone, fax, and email for investor and stakeholder communication - The Board Secretary's name is Ju Xiaobo, contact number is 0519-88998758, and email is investor@czshenli.com[15](index=15&type=chunk) [III. Overview of Basic Information Changes](index=5&type=section&id=III.%20Overview%20of%20Basic%20Information%20Changes) This section details historical changes to the company's registered address, providing current registered and office addresses, postal code, and website - The company's registered address changed from “No. 88 Dongcheng Road, Economic Development Zone, Changzhou” to “No. 289 Xingdong Road, Economic Development Zone, Changzhou” on October 11, 2019[16](index=16&type=chunk) - The company's office address is the same as its registered address, postal code is 213013, and website is www.czshenli.com[16](index=16&type=chunk) [IV. Overview of Information Disclosure and Document Custody Location Changes](index=5&type=section&id=IV.%20Overview%20of%20Information%20Disclosure%20and%20Document%20Custody%20Location%20Changes) This section specifies the company's designated disclosure newspapers, the website for semi-annual reports, and the report custody location - The company's selected information disclosure newspapers are Shanghai Securities News and Securities Times[17](index=17&type=chunk) - The semi-annual report is published on the Shanghai Stock Exchange website at http://www.sse.com.cn/[17](index=17&type=chunk) - The company's semi-annual report is available at the company's Securities Affairs Department[17](index=17&type=chunk) [V. Company Stock Overview](index=5&type=section&id=V.%20Company%20Stock%20Overview) This section provides basic stock information, including type, listing exchange, abbreviation, and code Company Stock Overview | Stock Type | Listing Exchange | Stock Abbreviation | Stock Code | | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange | Shenli Co., Ltd. | 603819 | [VII. Key Accounting Data and Financial Indicators](index=6&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2025, the company's operating revenue grew by **19.30%**, net profit attributable to shareholders turned profitable, and total assets increased by **9.69%**, with negative operating cash flow primarily due to customer payment methods and silicon steel procurement Key Accounting Data (January-June 2025) | Key Accounting Data | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | Change from Prior Period (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 726,474,634.19 | 608,935,728.36 | 19.30 | | Total Profit | 9,967,883.14 | -69,429,640.87 | N/A | | Net Profit Attributable to Shareholders of Listed Company | 7,876,947.36 | -59,440,528.03 | N/A | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 2,321,093.42 | -61,524,699.76 | N/A | | Net Cash Flow from Operating Activities | -54,166,954.20 | 22,459,672.09 | -341.17 | | **End of Current Period** | **End of Prior Year** | **Change from End of Prior Year (%)** | | | Net Assets Attributable to Shareholders of Listed Company | 793,431,146.65 | 789,908,803.03 | 0.45 | | Total Assets | 1,575,379,000.97 | 1,436,233,204.15 | 9.69 | Key Financial Indicators (January-June 2025) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | Change from Prior Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.0362 | -0.2730 | N/A | | Diluted Earnings Per Share (RMB/share) | 0.0362 | -0.2730 | N/A | | Basic EPS After Non-recurring Gains/Losses (RMB/share) | 0.0107 | -0.2826 | N/A | | Weighted Average Return on Net Assets (%) | 0.99 | -7.20 | 8.19 | | Weighted Average Return on Net Assets After Non-recurring Gains/Losses (%) | 0.29 | -7.45 | Increased by 7.74 percentage points | - Operating revenue increased primarily due to higher customer delivery volumes in the reporting period compared to the prior year[22](index=22&type=chunk) - Net cash flow from operating activities was negative, mainly due to increased customer payments via supply chain bills and large cash purchases of silicon steel[22](index=22&type=chunk) [IX. Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=IX.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) This section lists non-recurring gains and losses, totaling **RMB 5,555,853.94**, mainly from reversal of impairment provisions and other non-operating income, net of non-current asset disposal and tax effects Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -2,195,368.45 | | Government Grants Recognized in Current Period Profit/Loss | 742,755.30 | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | 5,000,000.00 | | Other Non-operating Income and Expenses Apart from the Above | 3,372,025.64 | | Less: Income Tax Impact | 1,363,558.55 | | **Total** | **5,555,853.94** | Part III Management Discussion and Analysis [I. Industry and Main Business Overview During the Reporting Period](index=9&type=section&id=I.%20Industry%20and%20Main%20Business%20Overview%20During%20the%20Reporting%20Period) The company primarily researches, develops, produces, and sells motor stator, rotor laminations, and cores, operating in the silicon steel stamping sector of the electrical machinery and equipment manufacturing industry, characterized by customized R&D and order-based production for diverse applications including diesel power, rail transit, wind power, elevators, and mechanical transmission - The company primarily engages in the research, development, production, and sales of motor (including electric motors and generators) stator, rotor laminations, and cores[27](index=27&type=chunk)[28](index=28&type=chunk) - The company operates in the electrical machinery and equipment manufacturing industry (C38), specifically the silicon steel stamping sector, a specialized supporting industry for motors[27](index=27&type=chunk) - Industry production and operations revolve around complete motor manufacturers, characterized by “customized R&D and services” and “order-based production”[27](index=27&type=chunk) - The company's products are applied in marine auxiliary motors, diesel generators, wind power generators, traction motors, elevator traction machines, and medium-to-high voltage motors, serving specialized motor supporting fields such as diesel power generation, rail transit, wind power, elevator manufacturing, and mechanical transmission[30](index=30&type=chunk) [II. Discussion and Analysis of Operations](index=11&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) In H1 2025, the company achieved stable growth amidst a complex international environment, with sales revenue up **19.30%** and net profit turning profitable, while deepening lean operations, accelerating smart manufacturing upgrades to become a “Jiangsu Advanced Smart Factory”, strengthening quality and customer management, and actively fulfilling social responsibilities - In H1 2025, the company achieved sales revenue of **RMB 726 million**, a year-on-year increase of **19.30%**[33](index=33&type=chunk) - Net profit attributable to shareholders of the listed company was **RMB 7.8769 million**, achieving a turnaround from loss to profit year-on-year[33](index=33&type=chunk) - The company was awarded the “Jiangsu Advanced Smart Factory” honorary title, signifying its intelligent manufacturing level has reached a provincial benchmark[34](index=34&type=chunk) - The company continuously improved its integrated closed-loop management system of “monthly operational analysis, quarterly strategic review, and annual target assessment” to drive data-driven decision-making[33](index=33&type=chunk) - The company fulfilled social responsibilities through charitable activities such as education assistance, health stations, and school-enterprise cooperation, and promoted grid-connected rooftop photovoltaic power generation for sustainable development[34](index=34&type=chunk) [III. Analysis of Core Competitiveness During the Reporting Period](index=12&type=section&id=III.%20Analysis%20of%20Core%20Competitiveness%20During%20the%20Reporting%20Period) The company's core competitiveness lies in its high-quality and stable global customer base, excellent synchronous development capabilities, a complete production service chain (mold design, lamination and core manufacturing, quality inspection), strong brand image, and comprehensive technology reserves - The company has established stable cooperative relationships with leading domestic and international motor manufacturers such as Cummins, Shanghai Mitsubishi, ABB, and Siemens, possessing high-quality and stable global customer resources[37](index=37&type=chunk)[38](index=38&type=chunk) - The company has an experienced R&D and design team, collaborating with clients on product improvement and new product development, demonstrating excellent synchronous development capabilities[38](index=38&type=chunk) - The company's business processes cover multiple stages including mold design, mass production, and finished product inspection, creating a relatively complete motor stator, rotor, and core processing industry chain[38](index=38&type=chunk) - Through continuous technological R&D, process improvement, and reliable product quality, the company has established a strong market image, earning excellent supplier honors from multiple clients[41](index=41&type=chunk) - The company actively collaborates with domestic and international universities and research institutions, undertaking multiple scientific research projects, forming comprehensive technology reserves[42](index=42&type=chunk) [IV. Key Operating Performance During the Reporting Period](index=15&type=section&id=IV.%20Key%20Operating%20Performance%20During%20the%20Reporting%20Period) During the reporting period, operating revenue and costs increased with delivery volumes, while sales and R&D expenses rose significantly; net cash flow from operating activities turned negative, net cash flow from investing activities decreased substantially, and net cash flow from financing activities turned positive, with notable balance sheet changes including significant increases in prepayments and construction in progress, and a decrease in accounts receivable financing Analysis of Changes in Financial Statement Items (January-June 2025) | Item | Current Period (RMB) | Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 726,474,634.19 | 608,935,728.36 | 19.30 | | Operating Cost | 676,928,936.37 | 560,867,504.50 | 20.69 | | Selling Expenses | 2,613,835.30 | 1,756,500.26 | 48.81 | | Administrative Expenses | 24,208,344.10 | 25,336,668.77 | -4.45 | | Financial Expenses | 6,259,585.99 | 7,096,326.99 | -11.79 | | R&D Expenses | 6,702,975.00 | 2,953,746.43 | 126.93 | | Net Cash Flow from Operating Activities | -54,166,954.20 | 22,459,672.09 | -341.17 | | Net Cash Flow from Investing Activities | -24,581,109.46 | 46,833,664.91 | -152.49 | | Net Cash Flow from Financing Activities | 88,325,164.53 | -96,249,946.92 | N/A | - The increase in operating revenue and operating costs was primarily due to higher customer delivery volumes compared to the prior year[44](index=44&type=chunk) - R&D expenses significantly increased by **126.93%**, mainly due to an increase in R&D projects and direct investments[44](index=44&type=chunk) - Net cash flow from operating activities was negative, mainly due to increased customer payments via supply chain bills and large cash purchases of silicon steel[44](index=44&type=chunk) Changes in Assets and Liabilities (End of Current Period vs. End of Prior Year) | Item | End of Current Period (RMB) | % of Total Assets (Current Period) | End of Prior Year (RMB) | % of Total Assets (Prior Year) | Change from Prior Year End (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Notes Receivable | 5,035,000.00 | 0.32 | 203,969.98 | 0.01 | 2,368.50 | Increased holdings of such bills at period-end | | Receivables Financing | 52,951,797.62 | 3.36 | 101,667,148.06 | 7.08 | -47.92 | Decreased holdings of such bills at period-end | | Prepayments | 112,757,666.78 | 7.16 | 41,032,677.40 | 2.86 | 174.80 | Increased spot purchases of silicon steel | | Construction in Progress | 58,828,591.86 | 3.73 | 19,719,384.33 | 1.37 | 198.33 | New factory construction | | Other Non-current Assets | 5,924,026.95 | 0.38 | 3,097,497.18 | 0.22 | 91.25 | Increased prepayments for long-term asset purchases | | Accounts Payable | 146,274,052.10 | 9.29 | 117,481,369.58 | 8.18 | 24.51 | Increased with inventory stocking, and supplier payment terms were extended | | Employee Benefits Payable | 10,944,817.91 | 0.69 | 14,323,571.16 | 1.00 | -23.59 | Larger balance at prior year-end due to accrual of year-end bonuses | | Taxes Payable | 2,897,461.53 | 0.18 | 3,938,216.62 | 0.27 | -26.43 | Larger corporate income tax payable at prior year-end | | Other Payables | 7,844,639.50 | 0.50 | 6,065,656.44 | 0.42 | 29.33 | Increased payables for long-term asset purchases | | Other Current Liabilities | 18,245,406.62 | 1.16 | 9,174,098.21 | 0.64 | 98.88 | Increased supply chain bills endorsed but not yet due and unable to be derecognized at period-end | Financial Assets Measured at Fair Value (June 30, 2025) | Asset Category | Beginning Balance (RMB) | Fair Value Change Recognized in Current Period P/L (RMB) | Cumulative Fair Value Change Recognized in Equity (RMB) | Impairment Provided in Current Period (RMB) | Purchases in Current Period (RMB) | Sales/Redemptions in Current Period (RMB) | Other Changes (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Receivables Financing | 101,667,148.06 | | | | | | -48,715,350.44 | 52,951,797.62 | | Total | 101,667,148.06 | | | | | | -48,715,350.44 | 52,951,797.62 | [V. Other Disclosure Matters](index=20&type=section&id=V.%20Other%20Disclosure%20Matters) The company faces multiple risks including macroeconomic fluctuations, declining operating performance, customer concentration, raw material procurement concentration, raw material price volatility, human resources, and technological updates, which could adversely affect market demand, profitability, supply chain stability, and sustainable development - Macroeconomic fluctuations may impact motor market demand, leading to a decrease in the company's operating profit[53](index=53&type=chunk) - Sustained sluggish motor market demand, intensified market competition, or significant fluctuations in raw material prices could lead to a decline in operating performance[53](index=53&type=chunk) - Customer concentration means a decline in demand from major customers or adverse changes in cooperative relationships could significantly impact the company's business and financial condition[53](index=53&type=chunk) - High concentration in silicon steel procurement means unstable supply or deteriorating operating conditions of suppliers will adversely affect production and operations[54](index=54&type=chunk) - Significant fluctuations in silicon steel sheet prices will increase the difficulty of production cost management, affect profit stability, and may lead to inventory impairment risks[55](index=55&type=chunk) - The company faces human resource risks such as “difficulty in hiring” and rising labor costs, as well as technological risks related to updates and industrial upgrading[55](index=55&type=chunk)[56](index=56&type=chunk) Part IV Corporate Governance, Environment, and Society [I. Changes in Directors and Senior Management](index=22&type=section&id=I.%20Changes%20in%20Directors%20and%20Senior%20Management) To comply with the new Company Law, the company abolished the Supervisory Board, with its functions transferred to the Board's Audit Committee; during the reporting period, several directors and supervisors resigned, and new directors and senior management were elected or appointed Changes in Company Directors and Senior Management | Name | Position Held | Change Type | | :--- | :--- | :--- | | Chen Rui | Vice Chairman | Resigned | | Jiang Guofeng | Employee Director, Deputy General Manager, and Board Secretary | Resigned | | Zhang Chunjuan | Chairperson of Supervisory Board | Resigned | | Ling Zhi | Employee Supervisor | Resigned | | Yao Meng | Supervisor | Resigned | | He Changlin | Director | Elected | | Ju Xiaobo | Deputy General Manager and Board Secretary | Appointed | | Ling Zhi | Employee Director | Elected | - In accordance with the new Company Law of the People's Republic of China, effective July 1, 2024, the company abolished its Supervisory Board, with its original functions now assumed by the Board's Audit Committee[61](index=61&type=chunk) [II. Profit Distribution or Capital Reserve Conversion Plan](index=22&type=section&id=II.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company has no applicable profit distribution or capital reserve conversion plan for this reporting period, with no plans for bonus shares, dividends, or capital increase from reserves - The proposed semi-annual profit distribution or capital reserve conversion plan is not applicable[63](index=63&type=chunk) - The number of bonus shares, dividends, and capital increase from reserves per 10 shares is 0[63](index=63&type=chunk) [III. Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures and Their Impact](index=23&type=section&id=III.%20Equity%20Incentive%20Plans,%20Employee%20Stock%20Ownership%20Plans,%20or%20Other%20Employee%20Incentive%20Measures%20and%20Their%20Impact) The company disclosed details of its 2017 Restricted Stock Incentive Plan, including draft, grant, repurchase and cancellation, and lifting of sales restrictions, as well as the establishment, share transfer, and extension of the first Employee Stock Ownership Plan - The company previously implemented a 2017 Restricted Stock Incentive Plan, involving matters such as the draft, grant, repurchase and cancellation, and lifting of sales restrictions[64](index=64&type=chunk) - The company's first Employee Stock Ownership Plan has completed non-trading share transfers and was extended twice on February 24, 2024, and February 25, 2025[64](index=64&type=chunk) Part V Significant Matters [I. Fulfillment of Commitments](index=25&type=section&id=I.%20Fulfillment%20of%20Commitments) The company, its controlling shareholders, actual controllers, and related parties strictly fulfilled all commitments during or continuing into the reporting period, including share lock-ups, non-compete clauses, prospectus accuracy guarantees, social insurance and housing provident fund补缴 obligations, share price stabilization measures, and immediate return compensation measures - Actual controllers Chen Zhongwei, Pang Qinying, Chen Rui, and Suichuan Ruizhong committed to reducing shareholdings by no more than **15%** within 12 months and no more than **30%** within 24 months after the lock-up period expires[69](index=69&type=chunk) - Actual controller Chen Zhongwei committed to avoiding horizontal competition and will take effective measures to resolve it if it occurs[70](index=70&type=chunk) - The company, its actual controllers, directors, supervisors, and senior management committed that the prospectus contains no false records, misleading statements, or major omissions, and will bear corresponding legal liabilities[70](index=70&type=chunk)[71](index=71&type=chunk)[72](index=72&type=chunk) - The company's controlling shareholders, directors, and senior management committed to stabilizing the share price by increasing their holdings when share price stabilization obligations are triggered[73](index=73&type=chunk)[74](index=74&type=chunk) - The company's actual controllers, directors, and senior management committed to taking compensatory measures to address the dilution of immediate returns from the initial public offering[74](index=74&type=chunk) [VII. Significant Litigation and Arbitration Matters](index=32&type=section&id=VII.%20Significant%20Litigation%20and%20Arbitration%20Matters) The company reached a mediation agreement with Lijian Group regarding equity repurchase payments and liquidated damages, receiving a civil mediation statement from Changzhou Intermediate People's Court; Lijian Group has paid **RMB 10 million** but **RMB 70 million** remains unpaid, and the company will continue to urge performance or apply for enforcement - The company signed a mediation agreement with Lijian Group, reaching a consensus on the remaining equity repurchase price and related liquidated damages[76](index=76&type=chunk) - The company has received **RMB 10 million** in equity repurchase payments from Lijian Group (**RMB 3.31 million** directly paid, **RMB 6.69 million** transferred from frozen accounts), but **RMB 70 million** remains unpaid[76](index=76&type=chunk) - The company will continue to urge Lijian Group to fulfill its payment obligations and pay interest, or apply for judicial enforcement through legal procedures[76](index=76&type=chunk) [IX. Explanation of the Integrity Status of the Company, its Controlling Shareholders, and Actual Controllers During the Reporting Period](index=33&type=section&id=IX.%20Explanation%20of%20the%20Integrity%20Status%20of%20the%20Company,%20its%20Controlling%20Shareholders,%20and%20Actual%20Controllers%20During%20the%20Reporting%20Period) During the reporting period, neither the company nor its controlling shareholders or actual controllers had any adverse integrity issues, such as unfulfilled court judgments or significant overdue debts - During the reporting period, the company, its controlling shareholders, and actual controllers had no adverse integrity issues, such as unfulfilled effective court judgments or significant overdue debts[78](index=78&type=chunk) [X. Significant Related Party Transactions](index=33&type=section&id=X.%20Significant%20Related%20Party%20Transactions) The equity repurchase dispute with Lijian Group was the primary significant related party transaction during the reporting period; due to Lijian Defense's underperformance, Lijian Group was required to repurchase the company's equity, but a portion of the repurchase funds remains unpaid, prompting legal action by the company - Due to the acquired target Lijian Defense's inability to meet performance targets, Lijian Defense Technology Group Co., Ltd. intends to repurchase the company's **57.65%** equity in Lijian Defense[79](index=79&type=chunk) - Lijian Group failed to fulfill its obligation to pay the third installment as stipulated in the Equity Transfer Agreement, leading the company to file a civil lawsuit with the Changzhou Intermediate People's Court and apply for asset preservation[79](index=79&type=chunk) - As of the report disclosure date, the company has received **RMB 10 million** in equity repurchase payments, but **RMB 70 million** remains unpaid, and the company will continue to urge payment or apply for enforcement[79](index=79&type=chunk) Part VI Share Changes and Shareholder Information [I. Share Capital Changes](index=37&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, the company's total share capital and share structure remained unchanged and stable - During the reporting period, the company's total share capital and share structure remained unchanged[85](index=85&type=chunk) [II. Shareholder Information](index=37&type=section&id=II.%20Shareholder%20Information) As of the end of the reporting period, the company had **10,416** common shareholders; the top ten shareholders include Chen Zhongwei as the largest, with shares held by Shenzhen Qianhai Zhongwu Yifang Enterprise Management Consulting Co., Ltd. and Sichuan Yumingyao New Energy Co., Ltd. being pledged - As of the end of the reporting period, the total number of common shareholders was **10,416**[86](index=86&type=chunk) Top Ten Shareholders' Holdings (As of the End of the Reporting Period) | Shareholder Name (Full Name) | Change During Period | Shares Held at Period-End | Proportion (%) | Shares with Restricted Conditions | Share Status | Quantity | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Chen Zhongwei | 0 | 66,842,943 | 30.70 | 0 | None | 0 | Domestic Natural Person | | Shenzhen Qianhai Zhongwu Yifang Enterprise Management Consulting Co., Ltd. | 0 | 17,450,700 | 8.01 | 0 | Pledged | 17,450,700 | Domestic Non-state-owned Legal Person | | Sichuan Yumingyao New Energy Co., Ltd. | -3,003,201 | 15,503,071 | 7.12 | 0 | Pledged | 10,000,000 | Domestic Non-state-owned Legal Person | | Xiamen Zhonglue Investment Management Co., Ltd. - Zhonglue Wanxin No. 21 Private Securities Investment Fund | 0 | 11,975,160 | 5.50 | 0 | None | 0 | Other | | Xia Shiyong | 0 | 3,949,348 | 1.81 | 0 | None | 0 | Domestic Natural Person | | Changzhou Zhongke Jiangnan Equity Investment Center (Limited Partnership) | -2,477,800 | 2,917,982 | 1.34 | 0 | None | 0 | Domestic Non-state-owned Legal Person | | Xu Yong | 462,100 | 2,766,020 | 1.27 | 0 | None | 0 | Domestic Natural Person | | Meng Xiangui | 2,347,700 | 2,347,700 | 1.08 | 0 | None | 0 | Domestic Natural Person | | Shanghai Fangyuan Dachuang Investment Partnership (Limited Partnership) - Fangyuan-Dongfang No. 28 Private Investment Fund | -931,400 | 2,081,282 | 0.96 | 0 | None | 0 | Other | | Changzhou Shenli Motor Co., Ltd. - First Employee Stock Ownership Plan | -20,000 | 1,947,202 | 0.89 | 0 | None | 0 | Other | - The company is unaware of any related party relationships or concerted actions among other shareholders[90](index=90&type=chunk) [III. Directors and Senior Management Information](index=39&type=section&id=III.%20Directors%20and%20Senior%20Management%20Information) During the reporting period, there were no changes in the shareholdings of the company's directors and senior management, nor were they granted any equity incentives - Changes in shareholdings of current and resigned directors and senior management during the reporting period are not applicable[91](index=91&type=chunk) - Directors and senior management were not granted equity incentives during the reporting period[92](index=92&type=chunk) [IV. Changes in Controlling Shareholder or Actual Controller](index=40&type=section&id=IV.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) During the reporting period, there were no changes in the company's controlling shareholder or actual controller - Changes in the company's controlling shareholder or actual controller during the reporting period are not applicable[92](index=92&type=chunk) Part VII Bond-Related Information [I. Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=41&type=section&id=I.%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) During the reporting period, the company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments - Corporate bonds (including enterprise bonds) and non-financial enterprise debt financing instruments are not applicable[94](index=94&type=chunk) [II. Convertible Corporate Bonds](index=41&type=section&id=II.%20Convertible%20Corporate%20Bonds) During the reporting period, the company had no convertible corporate bonds - Convertible corporate bonds are not applicable[94](index=94&type=chunk) Part VIII Financial Report [I. Audit Report](index=42&type=section&id=I.%20Audit%20Report) This semi-annual report is unaudited - This semi-annual report is unaudited[5](index=5&type=chunk) [II. Financial Statements](index=42&type=section&id=II.%20Financial%20Statements) This section presents the company's H1 2025 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, comprehensively reflecting financial position and operating results at period-end Consolidated Balance Sheet (June 30, 2025) | Item | June 30, 2025 (RMB) | December 31, 2024 (RMB) | | :--- | :--- | :--- | | Total Current Assets | 1,197,118,158.54 | 1,094,041,724.23 | | Total Non-current Assets | 378,260,842.43 | 342,191,479.92 | | Total Assets | 1,575,379,000.97 | 1,436,233,204.15 | | Total Current Liabilities | 775,533,852.01 | 639,389,783.47 | | Total Non-current Liabilities | 6,414,002.31 | 6,934,617.65 | | Total Liabilities | 781,947,854.32 | 646,324,401.12 | | Total Equity Attributable to Parent Company Owners | 793,431,146.65 | 789,908,803.03 | | Total Owners' Equity | 793,431,146.65 | 789,908,803.03 | Consolidated Income Statement (January-June 2025) | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 726,474,634.19 | 608,935,728.36 | | Total Operating Costs | 719,189,791.18 | 601,635,464.92 | | Operating Profit | 9,955,423.78 | -69,332,502.12 | | Total Profit | 9,967,883.14 | -69,429,640.87 | | Net Profit | 7,876,947.36 | -59,440,528.03 | | Net Profit Attributable to Parent Company Shareholders | 7,876,947.36 | -59,440,528.03 | | Basic Earnings Per Share (RMB/share) | 0.0362 | -0.2730 | | Diluted Earnings Per Share (RMB/share) | 0.0362 | -0.2730 | Consolidated Cash Flow Statement (January-June 2025) | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -54,166,954.20 | 22,459,672.09 | | Net Cash Flow from Investing Activities | -24,581,109.46 | 46,833,664.91 | | Net Cash Flow from Financing Activities | 88,325,164.53 | -96,249,946.92 | | Net Increase in Cash and Cash Equivalents | 9,997,718.71 | -26,960,104.18 | | Cash and Cash Equivalents at Period-End | 173,160,951.05 | 122,187,494.26 | [III. Company Basic Information](index=65&type=section&id=III.%20Company%20Basic%20Information) Changzhou Shenli Motor Co., Ltd. is an A-share company listed on the Shanghai Stock Exchange, primarily engaged in the R&D, production, and sales of motor stator, rotor laminations, and cores, with a registered capital of **RMB 217,730,187** - The company is a joint-stock company that publicly issued A-shares domestically and is listed on the Shanghai Stock Exchange[128](index=128&type=chunk) - The company and its subsidiaries primarily engage in the research, development, production, and sales of motor (including electric motors and generators) stator, rotor laminations, and cores[128](index=128&type=chunk) - As of June 30, 2025, the company's registered and paid-in capital was **RMB 217,730,187**[128](index=128&type=chunk) [IV. Basis of Financial Statement Preparation](index=65&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, with an assessment confirming strong going concern ability for the next 12 months, free from significant doubts - The company's financial statements are prepared on a going concern basis[129](index=129&type=chunk) - Based on assessment, the company's going concern ability is strong for the 12 months from the end of this reporting period, with no factors raising significant doubt about its ability to continue as a going concern[130](index=130&type=chunk) [V. Significant Accounting Policies and Estimates](index=65&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's compliance with accounting standards, accounting period, operating cycle, functional currency, and significant accounting policies and estimates, including business combinations, consolidated financial statement preparation, financial instruments, revenue recognition, fixed asset depreciation, intangible asset amortization, and R&D expenditure capitalization - The company's financial statements comply with enterprise accounting standards, accurately and completely reflecting its financial position[131](index=131&type=chunk) - Financial assets are classified into three categories based on business model and contractual cash flow characteristics: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in current period profit or loss[153](index=153&type=chunk) - Revenue is recognized upon the fulfillment of performance obligations, when the customer obtains control of the goods or services[222](index=222&type=chunk)[223](index=223&type=chunk) Depreciation Methods for Fixed Assets | Category | Depreciation Method | Useful Life (Years) | Salvage Rate | Annual Depreciation Rate | | :--- | :--- | :--- | :--- | :--- | | Buildings and Structures | Straight-line Method | 20 | 5 | 4.75 | | Machinery and Equipment | Straight-line Method | 3-10 | 3-5 | 9.5-32.33 | | Transportation Vehicles | Straight-line Method | 4 | 5 | 23.75 | | Office Equipment and Others | Straight-line Method | 3-5 | 3-5 | 19-32.33 | - R&D expenditures are divided into research and development phases; research phase expenditures are expensed in the current period, while development phase expenditures are recognized as intangible assets when conditions are met[210](index=210&type=chunk)[211](index=211&type=chunk) [VI. Taxation](index=93&type=section&id=VI.%20Taxation) The company's main taxes include VAT, urban maintenance and construction tax, corporate income tax, education surcharge, and local education surcharge; as a high-tech enterprise, it applies a **15%** corporate income tax preferential rate for 2025 and benefits from VAT super deduction policies for advanced manufacturing enterprises Main Tax Categories and Rates | Tax Category | Taxable Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Taxable Value-Added Amount | 13%、9%、6% | | Urban Maintenance and Construction Tax | Amount of VAT Payable | 7% | | Corporate Income Tax | Taxable Income | 25%、15% | | Education Surcharge | Amount of VAT Payable | 3% | | Local Education Surcharge | Amount of VAT Payable | 2% | - The company qualifies for the VAT super deduction policy for advanced manufacturing enterprises, allowing an additional **5%** deduction on current deductible input VAT for 2025[245](index=245&type=chunk) - The company passed the high-tech enterprise re-assessment, applying a **15%** preferential corporate income tax rate for 2025[245](index=245&type=chunk) - Subsidiary Changzhou Shenli Trading Co., Ltd. applies a **25%** corporate income tax rate[244](index=244&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=94&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details the ending and beginning balances and changes for consolidated financial statement items, including cash, notes receivable, accounts receivable, prepayments, inventory, fixed assets, construction in progress, intangible assets, short-term borrowings, accounts payable, employee benefits payable, taxes payable, other payables, and deferred income, with explanations for each change Cash and Bank Balances (June 30, 2025) | Item | Ending Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | Bank Deposits | 173,160,951.05 | 163,163,228.76 | | Other Cash and Bank Balances | 5,550,000.00 | | | Total | 178,710,951.05 | 163,163,232.34 | - Notes receivable ending balance was **RMB 5,035,000.00**, a significant increase from the beginning of the period, primarily comprising commercial acceptance bills[249](index=249&type=chunk) - Accounts receivable book value at period-end was **RMB 523,267,082.93**, with the top five debtors accounting for **40.73%** of the total accounts receivable and contract assets ending balance[258](index=258&type=chunk)[263](index=263&type=chunk) - Prepayments ending balance was **RMB 112,757,666.78**, an increase of **174.80%** from the beginning of the period, mainly due to increased spot purchases of silicon steel[274](index=274&type=chunk) - Inventory book value at period-end was **RMB 230,564,188.70**, with total inventory impairment provisions of **RMB 5,944,203.39**[289](index=289&type=chunk)[291](index=291&type=chunk) - Construction in progress ending balance was **RMB 58,828,591.86**, an increase of **198.33%** from the beginning of the period, primarily for the 11-12 workshop project[305](index=305&type=chunk) - Short-term borrowings ending balance was **RMB 585,693,362.26**, primarily credit borrowings[318](index=318&type=chunk) - Credit impairment loss for the current period was **RMB 1,834,615.08**, compared to **RMB -80,491,934.75** in the prior period, mainly influenced by the reversal of bad debt losses on other receivables[351](index=351&type=chunk) - Asset impairment loss for the current period was **RMB -1,070,987.44**, primarily due to inventory write-downs and impairment losses on contract performance costs[352](index=352&type=chunk) [VIII. Research and Development Expenses](index=144&type=section&id=VIII.%20Research%20and%20Development%20Expenses) During the reporting period, total R&D expenses were **RMB 6,702,975.00**, a significant **126.93%** increase year-on-year, primarily for employee compensation and direct investments in R&D mold development, samples, and prototypes, with all R&D expenditures expensed R&D Expenses (January-June 2025) | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Employee Compensation | 1,025,961.68 | 676,117.21 | | Direct Investments | 5,677,013.32 | 2,277,629.22 | | Total | 6,702,975.00 | 2,953,746.43 | | Of which: Expensed R&D Expenditures | 6,702,975.00 | 2,953,746.43 | | Capitalized R&D Expenditures | | | - Current period R&D expenses increased by **126.93%** compared to the prior period, mainly due to an increase in R&D projects and direct investments[44](index=44&type=chunk)[370](index=370&type=chunk) - All R&D expenditures were expensed and not capitalized[370](index=370&type=chunk) [IX. Changes in Consolidation Scope](index=145&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) During the reporting period, there were no changes in the company's consolidation scope, with no non-common control or common control business combinations, reverse acquisitions, or disposals of subsidiaries - There were no changes in the consolidation scope during this period due to non-common control business combinations, common control business combinations, reverse acquisitions, or disposals of subsidiaries[371](index=371&type=chunk)[372](index=372&type=chunk) [X. Interests in Other Entities](index=146&type=section&id=X.%20Interests%20in%20Other%20Entities) The company's interests in subsidiaries primarily consist of a **100%** stake in Changzhou Shenli Trading Co., Ltd.; during the reporting period, there were no significant non-wholly owned subsidiaries or major restrictions on the use of group assets or debt repayment Composition of the Enterprise Group | Subsidiary Name | Principal Place of Business | Registered Capital (RMB) | Registered Address | Business Nature | Shareholding (%) Direct | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Changzhou Shenli Trading Co., Ltd. | Changzhou | 10,000,000 | Changzhou | Trading | 100.00 | Established | - The company has no significant non-wholly owned subsidiaries[374](index=374&type=chunk) - There are no significant restrictions on the use of enterprise group assets or the repayment of enterprise group debts[374](index=374&type=chunk) [XI. Government Grants](index=148&type=section&id=XI.%20Government%20Grants) During the reporting period, the company recognized total government grants of **RMB 742,815.34**, with **RMB 520,615.34** related to assets recognized as deferred income and amortized, and **RMB 222,200.00** related to income recognized in current period profit or loss Liability Items Involving Government Grants (June 30, 2025) | Financial Statement Item | Beginning Balance (RMB) | New Grants in Current Period (RMB) | Amount Recognized in Non-operating Income (RMB) | Transferred to Other Income in Current Period (RMB) | Other Changes in Current Period (RMB) | Ending Balance (RMB) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 6,934,617.65 | | | 520,615.34 | | 6,414,002.31 | Asset-related | Government Grants Recognized in Current Period Profit/Loss (January-June 2025) | Type | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Asset-related | 520,615.34 | 542,728.60 | | Income-related | 222,200.00 | 86,903.12 | | Total | 742,815.34 | 629,631.72 | [XII. Risks Related to Financial Instruments](index=149&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company faces credit, liquidity, and market risks (exchange rate, interest rate), managed through portfolio management of financial assets, monitoring cash and borrowings, and sensitivity analysis of exchange rate and interest rate changes, ensuring risks are within acceptable limits - The company's main financial instruments include cash and bank balances, receivables, payables, and borrowings, with primary risks being credit risk, liquidity risk, and market risk[377](index=377&type=chunk) - Credit risk primarily arises from cash and cash equivalents and receivables, managed by assessing debtor creditworthiness and continuously monitoring receivable balances[378](index=378&type=chunk) - Liquidity risk is managed by maintaining sufficient cash and cash equivalents, monitoring bank borrowing utilization, and securing commitments for backup funding[379](index=379&type=chunk) - Exchange rate risk primarily stems from foreign currency cash and bank balances and foreign currency receivables; a **10%** appreciation/depreciation of RMB against foreign currencies could lead to a decrease/increase in net profit of approximately **RMB 4.81 million**[379](index=379&type=chunk) - Interest rate risk primarily arises from bank borrowings; floating-rate borrowings introduce cash flow interest rate risk, while fixed-rate borrowings introduce fair value interest rate risk[380](index=380&type=chunk) [XIII. Disclosure of Fair Value](index=151&type=section&id=XIII.%20Disclosure%20of%20Fair%20Value) The company's only assets continuously measured at fair value are receivables financing, with an ending fair value of **RMB 52,951,797.62**, classified as a Level 3 fair value measurement item, determined by its face amount Fair Value of Assets and Liabilities Measured at Fair Value (June 30, 2025) | Item | Level 1 Fair Value Measurement (RMB) | Level 2 Fair Value Measurement (RMB) | Level 3 Fair Value Measurement (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | :--- | | Receivables Financing | | | 52,951,797.62 | 52,951,797.62 | | Total Assets Continuously Measured at Fair Value | | | 52,951,797.62 | 52,951,797.62 | - The company's continuous Level 3 fair value measurement item is bank acceptance bills held, with fair value determined by their face amount[385](index=385&type=chunk) [XIV. Related Parties and Related Party Transactions](index=153&type=section&id=XIV.%20Related%20Parties%20and%20Related%20Party%20Transactions) Lijian Defense Technology Group Co., Ltd. is listed as another related party; during the reporting period, the company had an equity repurchase dispute with Lijian Group, involving **RMB 166,649,698.63** in receivables from equity transfer, and key management personnel compensation totaled **RMB 1.82 million** - Lijian Defense Technology Group Co., Ltd. is listed as another related party[387](index=387&type=chunk) Key Management Personnel Compensation (January-June 2025) | Item | Current Period (RMB 10,000) | Prior Period (RMB 10,000) | | :--- | :--- | :--- | | Key Management Personnel Compensation | 182 | 184 | Receivables from Related Parties (June 30, 2025) | Item | Related Party | Ending Balance (RMB) Book Value | Ending Balance (RMB) Bad Debt Provision | Beginning Balance (RMB) Book Value | Beginning Balance (RMB) Bad Debt Provision | | :--- | :--- | :--- | :--- | :--- | :--- | | Other Receivables | Lijian Defense Technology Group Co., Ltd. | 166,649,698.63 | 83,324,849.31 | 176,649,698.63 | 88,324,849.31 | [XV. Share-based Payment](index=157&type=section&id=XV.%20Share-based%20Payment) During the reporting period, the company did not implement any equity incentive or employee stock ownership plans, thus incurring no share-based payment expenses - The company has no equity instruments, equity-settled share-based payment arrangements, or cash-settled share-based payment arrangements[394](index=394&type=chunk) - No share-based payment expenses occurred in the current period[394](index=394&type=chunk) [XVI. Commitments and Contingencies](index=157&type=section&id=XVI.%20Commitments%20and%20Contingencies) As of the balance sheet date, the company had no significant commitments or contingencies requiring disclosure - The company has no significant contingencies requiring disclosure[394](index=394&type=chunk) - The company has no significant commitments[394](index=394&type=chunk) [XVII. Events After the Balance Sheet Date](index=158&type=section&id=XVII.%20Events%20After%20the%20Balance%20Sheet%20Date) After the balance sheet date, the company signed a mediation agreement with Lijian Group regarding an equity repurchase dispute, confirming Lijian Group's obligation to pay **RMB 180 million**; as of the report date, the company has received **RMB 10 million**, with **RMB 70 million** still outstanding - On March 19, 2025, the company signed a mediation agreement with Lijian Group, confirming Lijian Group's total equity repurchase payment obligation of **RMB 180 million**[395](index=395&type=chunk) - As of the date of this report, the company has received **RMB 10 million** of the aforementioned amount, but **RMB 70 million** remains unpaid[396](index=396&type=chunk) [XVIII. Other Significant Matters](index=158&type=section&id=XVIII.%20Other%20Significant%20Matters) During the reporting period, the company had no other significant transactions or events affecting investor decisions, such as prior period accounting error corrections, major debt restructurings, asset exchanges, annuity plans, discontinued operations, or segment information disclosures - The company had no prior period accounting error corrections, major debt restructurings, asset exchanges, annuity plans, discontinued operations, or segment information disclosures[397](index=397&type=chunk)[398](index=398&type=chunk) [XIX. Notes to Parent Company Financial Statement Items](index=159&type=section&id=XIX.%20Notes%20to%20Parent%20Company%20Financial%20Statement%20Items) This section details notes to parent company financial statement items, including accounts receivable, other receivables, long-term equity investments, operating revenue, and operating costs; parent company accounts receivable book value at period-end was **RMB 523,267,082.93**, and long-term equity investments primarily represent investments in subsidiaries - Parent company accounts receivable book value at period-end was **RMB 523,267,082.93**, with the top five debtors accounting for **40.73%** of the total accounts receivable and contract assets ending balance[401](index=401&type=chunk)[406](index=406&type=chunk) - Parent company other receivables book value at period-end was **RMB 86,442,489.45**, primarily representing equity transfer payments due from Lijian Defense Technology Group Co., Ltd[407](index=407&type=chunk)[416](index=416&type=chunk) - Parent company long-term equity investments book value at period-end was **RMB 10,000,000.00**, entirely comprising investments in Changzhou Shenli Trading Co., Ltd[417](index=417&type=chunk) Parent Company Operating Revenue and Operating Costs (January-June 2025) | Item | Current Period Revenue (RMB) | Current Period Cost (RMB) | Prior Period Revenue (RMB) | Prior Period Cost (RMB) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 660,460,435.87 | 610,537,047.38 | 540,170,694.01 | 491,738,993.54 | | Other Businesses | 58,215,645.31 | 58,802,564.52 | 56,697,221.58 | 58,226,466.64 | | Total | 718,676,081.18 | 669,339,611.90 | 596,867,915.59 | 549,965,460.18 | [XX. Supplementary Information](index=171&type=section&id=XX.%20Supplementary%20Information) This section provides supplementary financial information, including a detailed statement of non-recurring gains and losses and return on net assets and earnings per share; total non-recurring gains and losses for the reporting period were **RMB 5,555,853.94**, with a weighted average return on net assets of **0.99%** Detailed Statement of Non-recurring Gains and Losses for the Current Period (January-June 2025) | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -2,195,368.45 | | Government Grants Recognized in Current Period Profit/Loss | 742,755.30 | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | 5,000,000.00 | | Other Non-operating Income and Expenses Apart from the Above | 3,372,025.64 | | Less: Income Tax Impact | 1,363,558.55 | | **Total** | **5,555,853.94** | Return on Net Assets and Earnings Per Share (January-June 2025) | Profit for the Reporting Period | Weighted Average Return on Net Assets (%) | Earnings Per Share Basic EPS (RMB) | Earnings Per Share Diluted EPS (RMB) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Common Shareholders of the Company | 0.99 | 0.0362 | 0.0362 | | Net Profit Attributable to Common Shareholders of the Company After Non-recurring Gains/Losses | 0.29 | 0.0107 | 0.0107 |

证券代码：603819 证券简称：神力股份 公告编号：2025-040 常州神力电机股份有限公司 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 9 月 15 日（星期一）上午 9:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可以于 2025 年 8 月 29 日（星期五）至 9 月 14 日（星期日）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过常州神力电机股份 有限公司（以下简称"公司"）邮箱 investor@czshenli.com 进行提问,公司将在 说明会上就投资者普遍关注的问题进行回答。 公司将于 2025 年 8 月 29 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 ...

Market Performance - The electric motor sector increased by 0.82% compared to the previous trading day, with Tongda Power leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Key stocks in the electric motor sector showed varied performance, with Tongda Power closing at 18.82, up 2.17%, and Xiangdian Co. closing at 16.66, up 2.08% [1] - Other notable performers included Wolong Electric Drive at 33.89, up 1.99%, and Dayang Electric at 8.40, up 1.57% [1] Trading Volume and Value - The trading volume and value for Tongda Power reached 115,600 hands and 214 million yuan, respectively [1] - Wolong Electric Drive had a trading volume of 1,676,900 hands and a trading value of 5.596 billion yuan [1] Capital Flow - The electric motor sector experienced a net outflow of 733 million yuan from institutional investors, while retail investors saw a net inflow of 605 million yuan [2] - Speculative funds had a net inflow of 128 million yuan into the sector [2] Individual Stock Capital Flow - Wolong Electric Drive had a net outflow of 29.68 million yuan from institutional investors, while retail investors contributed a net inflow of 2.29 million yuan [3] - Huayang Intelligent saw a net inflow of 1.05 million yuan from institutional investors, with retail investors contributing a net inflow of 518.74 million yuan [3]

Group 1 - The core stock price of Shenli Co., Ltd. (603819) closed at 12.63 yuan on August 25, 2025, with a slight increase of 0.24% and a trading volume of 60,500 lots, amounting to 76.24 million yuan [1] - The latest financial report for the first quarter of 2025 shows total revenue of 326 million yuan, a year-on-year increase of 21.55%, while net profit attributable to shareholders was 458,100 yuan, a significant decrease of 95.01% [1] - The company has a current ratio of 1.635, a quick ratio of 1.280, and a debt-to-asset ratio of 47.05% [1] Group 2 - Shenli Co., Ltd. has made investments in three companies and participated in 33 bidding projects [2] - The company holds 46 trademark registrations and 195 patents, along with 21 administrative licenses [2]

Group 1 - The core point of the article is that Shenli Co., Ltd. announced the approval of significant changes during its first extraordinary shareholders' meeting of 2025, including the cancellation of the supervisory board and the election of directors [2] Group 2 - The company has revised its related systems as part of the changes approved in the shareholders' meeting [2] - The announcement was made on the evening of August 20 [2]

证券代码：603819 证券简称：神力股份 公告编号：2025-038 常州神力电机股份有限公司 2025年第一次临时股东大会决议公告 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 | 151 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 79,929,994 | | 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 | 36.7105 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，采取现场投票和网络投票相结合的方式表 决。现场会议由董事长陈猛先生主持，会议的召集、召开符合《公司法》和《公 司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 3、 公司副总经理兼董事会秘书鞠晓波先生出席了会议，公司财务总监 何长林先生列席了本次股东大会。 二、 议案审议情况 审议结果： ...

北京汇祥律师事务所 关于常州神力电机股份有限公司 2025 年第一次临时股东大会之 法律意见书 致：常州神力电机股份有限公司 北京汇祥律师事务所（以下简称"本所"）接受常州神力电机股份有限公司（以 下简称或"公司"）的委托，根据《中华人民共和国公司法》(以下简称"《公司法》") 、 《中华人民共和国证券法》(以下简称"《证券法》")、《上市公司股东会规则》(以 下简称"《股东会规则》")等现行有效的法律、行政法规、部门规章、规范性文件(以 下简称"法律法规")以及《常州神力电机股份有限公司章程》(以下简称"《公司章 程》")的有关规定，指派律师出席公司二〇二五年第一次临时股东大会(以下简称"本 次股东大会")，并就公司本次股东大会有关事宜出具本法律意见书。 为出具本法律意见书，本所及经办律师依据《证券法》《律师事务所从事证券 法律业务管理办法》和《律师事务所证券法律业务执业规则》等规定及本法律意见 书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和 诚实信用原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、 完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或 ...

Group 1 - The diesel generator concept has gained significant traction, with companies like Taihao Technology, Power New Science, and Weichai Heavy Machinery hitting their daily limit up, and the diesel generator concept index has increased by over 64% this year [1] - The demand for high-end diesel generators has surged due to the continuous growth of AI data centers (AIDC) and traditional data centers, with power requirements for AIDC cabinets increasing from 4-8 kW to 20-100 kW, necessitating more robust backup power configurations [2][3] - Major tech companies like Tencent, Alibaba, and ByteDance are expanding their data centers, which is expected to drive the demand for diesel generators, with the market size projected to reach 9.1 billion yuan by 2025, a year-on-year growth of over 50% [2] Group 2 - North American cloud service providers are increasing investments in AI infrastructure, leading to a supply-demand imbalance for diesel generators globally, with prices reaching over 2.8 million yuan earlier this year [3] - Domestic manufacturers are experiencing a production backlog extending to November 2025, and the price of domestic diesel generators is around 3 million yuan, while export prices are approximately 4 million yuan, indicating a rising profit margin [3] - The domestic supply-demand gap is expected to persist due to the difficulty and low willingness of international leaders to expand production, benefiting domestic manufacturers in the diesel generator market [3] Group 3 - KOTAI Power focuses on the development, design, production, and sales of generator sets, with stable business cooperation in backup power for data centers [4] - Weichai Heavy Machinery specializes in developing and manufacturing power generation equipment, which is used as backup power in data centers [4] - Huafeng Co. produces intelligent generator sets primarily for data centers and communication bases [4] - Shenli Co. provides diesel generator products applicable in industries requiring emergency power, including data centers [4] - Taihao Technology specializes in emergency equipment for military applications, with intelligent emergency power solutions for data centers [4] - Sumida has a long-standing presence in the generator market, providing reliable backup power solutions for data centers [4]

证券代码：603819 证券简称：神力股份 公告编号：2025-037 股东身份 常州神力电机股份有限公司 | 董事、监事和高级管理人员 | | | | | □是 □否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 其他：不适用 | | | | | | | | | | | 持股数量 18,506,272股 | | | | | | | | | | | 持股比例 8.50% | | | | | | | | | | | 当前持股股份来源 协议转让取得：18,506,272股 | | | | | | | | | | | 上述减持主体无一致行动人。 | | | | | | | | | | | 二、减持计划的实施结果 | | | | | | | | | | | (一)大股东因以下事项披露减持计划实施结果： | | | | | | | | | | | 披露的减持时间区间届满 | | | | | | | | | | | 股东名称 昱铭耀 | | | | | | | | | | | 2025 减持计划首次披露日期 年 日 | ...