Core Viewpoint - Hengrun Co., Ltd. has completed its share repurchase plan, reaching the lower limit of the expected repurchase amount [1] Summary by Categories Share Repurchase Details - The company has repurchased a total of 3.7235 million shares, which accounts for 0.84% of the current total share capital [1] - The highest transaction price for the repurchased shares was RMB 16.35 per share, while the lowest was RMB 12.48 per share [1] - The total funds used for the repurchase amounted to RMB 50.0014 million, excluding transaction fees such as stamp duty and commission [1]

证券代码：603985 证券简称：恒润股份 公告编号：2025-089 公司于 2024 年 11 月 21 日召开第五届董事会第五次会议，审议通过了《关于 以集中竞价交易方式回购公司股份方案的议案》。公司董事会同意使用公司自有或 自筹资金以集中竞价交易方式回购公司部分人民币普通股（A 股），在未来适宜时 机用于公司股权激励或员工持股计划，回购资金总额不低于人民币 5,000 万元（含） 且不超过人民币 9,000 万元（含），回购股份的价格不超过人民币 20 元/股（含）， 具体回购数量以回购期满时实际回购的股份数量为准，回购股份期限为自公司董 事会审议通过回购方案之日起 12 个月内。具体内容详见公司分别于 2024 年 11 月 22 日、2025 年 3 月 6 日在上海证券交易所网站（www.sse.com.cn）上披露的《江 阴市恒润重工股份有限公司关于以集中竞价交易方式回购公司股份方案的公告》 （公告编号：2024-072）、《江阴市恒润重工股份有限公司关于以集中竞价交易方 式回购股份的回购报告书》（公告编号：2025-012）。 江阴市恒润重工股份有限公司 关于股份回购实施结果暨股份变动的公告 ...

Core Insights - The "Second Golden Unicorn Best Investment Advisor Selection" event is actively ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions aimed at enhancing the wealth management industry in China [1] Group 1: Investment Advisor Selection - The event provides a platform for investment advisors to showcase their capabilities and improve their services, fostering communication between outstanding advisors and the general public [1] Group 2: Top Stock Picks - On October 21, the top ten stocks by purchase frequency in the stock group included: 1. Zhongji Xuchuang (sz300308) 2. Junsheng Electronics (sh600699) 3. Zhaoyi Innovation (sh603986) 4. Sifangda (sz300179) 5. Hengrun Co., Ltd. (sh603985) 6. Sanhua Intelligent Control (sz002050) 7. SMIC (sh688981) 8. Shannon Chip (sz300475) 9. Inspur Information (sz000977) 10. Luxshare Precision (sz002475) [2] - The top ten stocks by purchase amount on the same day were: 1. Zhongji Xuchuang (sz300308) 2. Sanhua Intelligent Control (sz002050) 3. Hudian Co., Ltd. (sz002463) 4. Junsheng Electronics (sh600699) 5. Tianfu Communication (sz300394) 6. Wentai Technology (sh600745) 7. Xiling Information (sz300588) 8. Xian Dao Intelligent (sz300450) 9. SMIC (sh688981) 10. Xinwei Communication (sz300136) [3] Group 3: Trading Rules and Data - The event includes an investment capability evaluation segment divided into three groups: stock simulation, on-site ETF simulation, and public fund simulation configuration, with specific trading rules regarding holding proportions, maximum drawdown rates, and rebalancing frequency [5] - The data presented is based on simulated trading and is not reflective of actual trading situations, serving only as a reference [5]

Group 1: Nanjing Panda Case - Nanjing Panda has been involved in a false statement case leading to investor claims, with ongoing developments [1] - The company announced an expected net profit for 2023 between 16.19 million and 24.29 million CNY, but the actual reported net profit was a loss of 237.86 million CNY [1] - The discrepancy between the profit forecast and actual results has raised concerns about the accuracy of information disclosure [1] Group 2: Hengrun Shares Case - Hengrun Shares is facing a civil claim for market manipulation, with a case filed in Nanjing Intermediate People's Court [2] - The company’s stock price increased by 96.65% from July 29 to November 8, 2023, while the Shanghai Composite Index fell by 6.86% during the same period, indicating significant price manipulation [3] - Investors who traded Hengrun Shares between July 10 and December 27, 2023, may initiate claims for damages [4]

Core Viewpoint - Hengrun Co., Ltd. reported that its computing power business achieved operating revenue of 1,039.49 million yuan and a net profit of 22.46 million yuan in the first half of 2025, indicating a strong growth trajectory in this segment [1] Group 1 - The company has intensified its market customer development efforts and actively expanded financing channels [1] - The scale of the computing power business continues to grow, with performance contributions gradually increasing [1]

Core Viewpoint - Hengrun Co., Ltd. reported significant growth in revenue and profitability for the first half of 2025, driven by the recovery in the wind power sector and the performance of new products [1] Group 1: Financial Performance - The company achieved a revenue of 2.073 billion yuan, representing a year-on-year increase of 223.44% [1] - The net profit attributable to shareholders was 40.1665 million yuan, marking a turnaround from losses to profitability [1] Group 2: Business Drivers - The growth in revenue and profitability was primarily due to the recovery in the wind power segment, the ramp-up of production for large wind power flanges and bearings, and improved performance in the computing power segment [1] - The company experienced an increase in orders and gross sales margin in the wind power sector as industry conditions improved [1] Group 3: Operational Efficiency - The capacity utilization rates of wholly-owned subsidiaries Hengrun Ring Forging and Hengrun Transmission significantly improved, effectively reducing unit production costs [1]

Group 1 - The controlling shareholder, Jining City Investment Holding Group Co., Ltd., holds 127,848,826 shares of the company, accounting for 29.00% of the total share capital. After the pledge, the total pledged shares amount to 60,000,000, representing 46.93% of the shares held by Jining City Investment and 13.61% of the company's total share capital [2][3] - On October 15, 2025, Jining City Investment pledged 60,000,000 unrestricted circulating shares to Qingdao Bank Co., Ltd., Jining Branch, and the pledge procedures have been completed [2] - The pledged shares are not used as collateral for major asset restructuring performance compensation or other guarantees [2][3] Group 2 - The company has provided a guarantee for its wholly-owned subsidiary, Hengrun Ring Forging, with a credit limit of 200 million yuan for a period of 12 months [6] - The board of directors approved the guarantee for the subsidiary's financing needs, which aligns with the company's overall interests [10] - The total amount of guarantees provided by the company and its subsidiaries is 2,344 million yuan, accounting for 73.07% of the company's audited net assets for 2024 [10]

证券日报网讯10月16日晚间，恒润股份（603985）发布公告称，公司及下属子公司不存在违规担保和逾 期担保的情形。 ...

Core Points - Hengrun Co., Ltd. announced that its controlling shareholder, Jining Urban Investment Holding Group Co., Ltd., pledged 60,000,000 unrestricted circulating shares to Qingdao Bank Co., Ltd. Jining Branch on October 15, 2025 [2] Group 1 - The pledge of shares has been completed [2]

证券代码：603985 证券简称：恒润股份 公告编号：2025-087 江阴市恒润重工股份有限公司 关于控股股东部分股份质押的公告 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： 江阴市恒润重工股份有限公司（以下简称"公司"）控股股东济宁城投 控股集团有限公司（以下简称"济宁城投"）持有公司股份数量为 127,848,826 股，占公司总股本的 29.00%；本次质押后，济宁城投累计质押股份数量为 60,000,000 股，占其所持股份比例为 46.93%，占公司总股本的 13.61%。 公司于 2025 年 10 月 16 日接到控股股东济宁城投的通知，获悉济宁城投将 其所持有本公司的部分股份办理了质押手续，具体情况如下： 一、本次股份质押具体情况 1.本次股份质押基本情况 济宁城投于2025年10月15日将其持有的本公司60,000,000股无限售流通股 质押给青岛银行股份有限公司济宁分行，目前已办理完成质押手续，具体情况如 下： | 质押 占其所 占公司 质押起始 融资 质押到期日 质权人 持股份 总股本 ...