证券代码：603985 证券简称：恒润股份 公告编号：2025-095 江阴市恒润重工股份有限公司 关于为控股子公司提供担保的进展公告 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： 担保对象及基本情况 | | | 被担保人名称 本次担保金额 | 上海润六尺科技有限公司 40,348,000.00 | | 元 | | --- | --- | --- | --- | --- | --- | | 担 象 | 保 对 | | | | | | | | 实际为其提供的担保余额 | 939,658,380.08 | | 元（含本次） | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 为满足控股子公司生产经营、业务发展所需资金，保证企业生产经营等各项 工作顺利进行，2025 年 10 月 29 日，江阴市恒润重工股份有限公司（以下简称 "公司"）控股子公司上海润六尺科技有限公司（以下简称" ...

Core Viewpoint - Hengrun Co., Ltd. reported significant growth in revenue and profitability for the first three quarters of 2025, driven by its dual strategy in the wind power and computing power sectors [1][2]. Financial Performance - The company achieved a revenue of 3.126 billion yuan, representing a year-on-year increase of 193.53% [1]. - The net profit after deducting non-recurring items was 65.52 million yuan, marking a turnaround from losses in the previous year [1]. - The gross profit margin for the first three quarters was 8.51%, an increase of 5.81 percentage points compared to the same period last year [3]. Business Segments - The wind power segment is a key growth driver, with Hengrun positioned as a leader in offshore wind power flanges, benefiting from technological advancements and market expansion [3]. - The company is progressing with a project to produce 2,000 sets of wind turbine gearbox components, with an initial investment of 500 million yuan aimed at building production capacity for large orders [3]. - In the computing power segment, the company launched the NV509X eight-card server, designed for AI training and complex simulations, marking a significant breakthrough [3]. - Hengrun plans to establish a wholly-owned subsidiary in Shenzhen with an investment of 100 million yuan to expand its computing power business [3]. Industry Trends - The wind power sector is experiencing a peak in project approvals, with 191 projects totaling 27,237.62 MW approved in Q3 2025, and policies targeting significant annual additions to wind power capacity [4]. - The computing power industry is witnessing explosive growth, driven by increasing demand for AI capabilities and the rapid expansion of intelligent computing centers [4]. - Hengrun aims to deepen its dual-driven strategy, focusing on high-capacity wind power products and expanding its market share in high-end components, while accelerating the construction of intelligent computing clusters [4].

Core Viewpoint - Hengrun Co., Ltd. has reported significant growth in its performance for the first three quarters of 2025, driven by its dual focus on wind power components and high-end computing equipment [1][2]. Group 1: Company Performance - The company achieved an operating revenue of 3.126 billion yuan, representing a substantial year-on-year increase of 193.53% [1]. - Hengrun Co., Ltd. turned a profit with a net profit of 64.31 million yuan, marking a turnaround from previous losses [1]. Group 2: Business Strategy - The company adheres to a "wind power + computing" dual-driven development strategy, actively participating in the localization of high-end wind power components and the construction of national computing infrastructure [1][3]. - Hengrun is one of the few manufacturers globally capable of producing tower flanges for offshore wind turbines of 12MW and above, indicating its strong position in the market [1]. Group 3: Industry Context - The wind power industry has seen a significant increase in installed capacity in 2025, with both offshore and onshore projects showing upward trends in the third quarter [2]. - The overall recovery in the wind power sector is expected to improve profitability across the supply chain, benefiting leading companies like Hengrun [2]. Group 4: Computing Business Growth - Hengrun's computing business has emerged as a second growth curve, with its subsidiary Shanghai Runliuch focusing on intelligent computing services, including the sale of new intelligent servers and the construction of computing centers [2][3]. - The rapid growth of the computing business is attributed to the booming digital economy in China, with increasing demand for computing power driven by initiatives like "East Data West Computing" and the implementation of "Artificial Intelligence +" actions [3]. Group 5: Future Outlook - The synergy between Hengrun's wind power and computing sectors is expected to create a virtuous growth cycle, leading to sustained and healthy growth in overall business performance [3].

Core Viewpoint - Hengrun Co., Ltd. reported significant growth in revenue and profitability for the first three quarters of 2025, driven by the dual momentum of the wind power and computing power sectors [1][2]. Financial Performance - The company achieved a revenue of 3.126 billion yuan, representing a year-on-year increase of 193.53% [1]. - The net profit attributable to the company, after excluding non-recurring items, was 65.52 million yuan, marking a turnaround from losses in the previous year [1]. - The gross profit margin improved to 8.51%, an increase of 5.81 percentage points compared to the same period last year [2]. - The sales, management, and financial expense ratios showed significant improvement due to the substantial revenue growth, indicating effective cost control [2]. Business Segments - The wind power segment continues to thrive as Hengrun is a leader in offshore wind power flanges, benefiting from technological advancements and market expansion [2]. - The company is progressing with a project to produce 2,000 sets of wind turbine gearbox components, with an initial investment of 500 million yuan, which will enhance its capacity to fulfill large orders [2]. - The computing power segment has become a crucial growth driver, with the launch of the new NV509X eight-card server, designed for AI training and complex simulations [3]. - In the first half of 2025, the subsidiary Shanghai Runliuchu achieved a revenue of 1.039 billion yuan and a net profit of 22.457 million yuan, showing substantial growth compared to the previous year [3]. Industry Trends - The wind power sector is experiencing a surge, with 191 wind power projects approved in 22 regions, totaling 27,237.62 MW, driven by favorable policies and increasing demand [4]. - The computing power market is also witnessing explosive growth, with global AI computing power reaching 310 EFLOPS, a year-on-year increase of 85%, and China's market share exceeding 38% [4]. - The domestic AI server shipment volume surged by 200% year-on-year in the third quarter, indicating a robust demand for computing power solutions [4]. Future Outlook - Hengrun plans to deepen its dual-driven strategy, focusing on high-megawatt products and overseas markets in the wind power segment, while accelerating the construction of intelligent computing clusters in the computing power segment [5]. - The company is well-positioned to capitalize on the growing demand in both sectors, enhancing its core competitiveness in high-growth markets [5].

Group 1 - Hengrun Co., Ltd. announced an increase in capital investment of 300 million RMB to its wholly-owned subsidiary Hengrun Transmission, raising its registered capital to 600 million RMB [1] - The revenue composition for Hengrun Co., Ltd. in 2024 is as follows: wind power tower flanges account for 37.26%, wind bearings 16.43%, other businesses 13.34%, computing industry 11.45%, mechanical industry support 11.22%, and other industries 10.27% [1] - The current market capitalization of Hengrun Co., Ltd. is 7.3 billion RMB [2]

江阴市恒润重工股份有限公司第五届董事会薪酬与考核委 员会关于《2025 年员工持股计划（草案）》及其摘要、《2025 年员工持股计划管理办法》等相关事项的审查意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《关于上市公 司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）《上海 证券交易所上市公司自律监管指引第 1 号——规范运作》（以下简称"《自律 监管指引第 1 号》"）等有关法律、法规和规范性文件及《公司章程》的有关 规定，江阴市恒润重工股份有限公司（以下简称"公司"）第五届董事会薪酬 与考核委员会对公司《2025 年员工持股计划（草案）》及摘要、《2025 年员 工持股计划管理办法》等（以下简称"本员工持股计划"）相关事项进行了必 要审查，发表审查意见如下： 因此，公司第五届董事会薪酬与考核委员会认为公司实施本员工持股计划 合法、合规，有利于促进公司持续健康发展，符合公司全体股东的利益，同意 将本员工持股计划相关议案提交至公司第五届董事会第十三次会议审议。 3、本员工持股计划拟定的持有人均符合《指导意见》及有关法律、法规 及规范性文件规定的持有人条件，符合本员工持股计划规定的持有人 ...

证券简称：恒润股份 证券代码：603985.SH 一、本次实施员工持股计划的目的 江阴市恒润重工股份有限公司 2025 年员工持股计划（草案） 2025 年 10 月 | 释 义 . | | --- | | 一、本次实施员工持股计划的目的 | | 二、员工持股计划的基本原则 | | 三、员工持股计划的参加对象及确定标准 . | | 四、员工持股计划的资金来源、股票来源及规模、购买价格 | | 五、员工持股计划的存续期及锁定期设置 . | | 六、公司与持有人的权利和义务 | | 七、员工持股计划的管理模式 . | | 八、员工持股计划的变更、终止及持有人权益的处置 | | 九、员工持股计划存续期届满后股份的处置办法 . | | 十、存续期内公司融资时员工持股计划的参与方式 | | 十一、持股计划的资产构成及权益分配 | | 十二、员工持股计划的会计处理 . | | 十三、员工持股计划履行的程序 | | 十四、其他重要事项。… | | 恒润股份、本公司、公司 | 指 | 江阴市恒润重工股份有限公司 | | --- | --- | --- | | 标的股票、公司股票 | 指 | 本员工持股计划拟授予的公司股票 | ...

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： 证券代码：603985 证券简称：恒润股份 公告编号：2025-092 江阴市恒润重工股份有限公司 关于控股子公司拟对外投资设立全资子公司的公告 投资标的名称：深圳润六尺科技有限公司（暂定名，最终以市场监管局 核定注册为准，以下简称"深圳润六尺"）。 投资金额：深圳润六尺注册资本 10,000.00 万元人民币，全部由江阴市 恒润重工股份有限公司（以下简称"公司"）控股子公司上海润六尺科技有限公 司（以下简称"上海润六尺"）出资，持股比例 100%。 本次交易未达到股东会审议标准,无需提交股东会审议。本次对外投资事 项不构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资 产重组。 相关风险提示：本次拟设立的深圳润六尺尚未完成公司注册，最终通过 注册审批的时间存在一定的不确定性；新公司注册信息为预计信息，最终以市场 监管局核定注册为准。新公司设立后，未来经营管理过程中可能面临宏观经济变 化、行业政策变化、市场需求变化、行业竞争加剧、技术升级等方面的不 ...

证券简称：恒润股份 证券代码：603985.SH 江阴市恒润重工股份有限公司 2025 年员工持股计划（草案）摘要 2025 年 10 月 | | | 释 义 本员工持股计划中，除非文义另有所指，下列词语具有如下含义： | 恒润股份、本公司、公司 | 指 | 江阴市恒润重工股份有限公司 | | --- | --- | --- | | 标的股票、公司股票 | 指 | 本员工持股计划拟授予的公司股票 | | 员工持股计划、本员工持 股计划、持股计划 | 指 | 江阴市恒润重工股份有限公司 年员工持股计划 2025 | | 持有人/参与对象 | | 参加本员工持股计划的公司员工，人员范围为在公司 | | | 指 | （含子公司）任职的公司认为应当激励的对公司经营 | | | | 业绩和未来发展有直接影响的员工。 | | 持有人会议 | 指 | 员工持股计划持有人会议 | | 管理委员会 | 指 | 员工持股计划管理委员会 | | 《公司法》 | 指 | 《中华人民共和国公司法》 | | 《证券法》 | 指 | 《中华人民共和国证券法》 | | 《上市规则》 | 指 | 《上海证券交易所股票上市规则》 | | 《监管 ...

证券代码：603985 证券简称：恒润股份 公告编号：2025-091 江阴市恒润重工股份有限公司 关于向全资子公司增资的公告 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： 投资标的名称：江阴市恒润传动科技有限公司（以下简称"恒润传动"） 投资金额：江阴市恒润重工股份有限公司（以下简称"公司"）以自有资 金向恒润传动增加出资 30,000 万元人民币；增资后恒润传动注册资本增加至 60,000 万元人民币。 本次交易未达到股东会审议标准,无需提交股东会审议。本次增资事项不 构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重 组。 相关风险提示：本次增资标的公司恒润传动尚未实现盈利，其未来的经 营和投资效果，亦面临宏观经济变化、行业政策变化、市场需求变化、行业竞争 加剧、技术升级等方面的不确定因素影响，存在一定的市场风险、政策风险、经 营风险、管理风险等，是否能达成预期经营目标及对公司未来经营业绩的影响具 有不确定性。公司将积极采取适当的策略和管理措施，积极防范和应对上述风险。 敬请广大投资 ...