Group 1 - The agricultural machinery sector experienced a strong morning surge, with Dongli Xinke (600841) hitting the daily limit up [1] - Other companies such as Shenchi Electric (603109), Jingzhu Technology (300258), Huafeng Co. (605100), and Fuda Co. (603166) also saw increases in their stock prices [1] - There is a notable influx of dark pool capital into these stocks, indicating potential investor interest [1]

Core Viewpoint - The company, Huafeng Power Co., Ltd., is forecasting a significant decline in net profit for the first half of 2025, with expected figures down by 68% to 75.47% compared to the same period last year [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company between 11.5 million and 15 million yuan for the first half of 2025, a decrease of 31.88 million to 35.38 million yuan from the previous year [2][4]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 10.5 million and 13.5 million yuan, reflecting a decline of 32.07 million to 35.07 million yuan year-on-year [2][4]. Group 2: Previous Year’s Performance - In the same period last year, the total profit was 55.20 million yuan, with a net profit attributable to shareholders of the parent company at 46.88 million yuan [5]. - The net profit after deducting non-recurring gains and losses was 45.57 million yuan, with earnings per share recorded at 0.28 yuan [5][6]. Group 3: Reasons for Performance Decline - The decline in performance is primarily attributed to a significant drop in component revenue due to changes in demand in the heavy truck market, particularly a lack of demand for traditional diesel heavy trucks and the company's current lack of involvement in the new energy heavy truck component business [7]. - The company's operations in India have also been affected by strategic adjustments from a key client and changes in visa policies, leading to reduced operational income from the Indian subsidiary [7]. - There has been an increase in credit impairment losses related to accounts receivable compared to the previous year [8]. - A decrease in sales orders, lower capacity utilization, and increased unit manufacturing costs have also contributed to the anticipated decline in profit [9].

Huafeng Power Co., Ltd. 2025 Semi-Annual Performance Forecast [Key Performance Forecast Data](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company forecasts a substantial year-over-year decline in its 2025 first-half net profit, with both reported and non-recurring figures expected to decrease by over 68% 2025 Semi-Annual Performance Forecast Summary | Metric | 2025 H1 Forecast | 2024 H1 (Prior Period) | YoY Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent** | 11.50 million CNY - 15.00 million CNY | 46.8776 million CNY | ↓ 68.00% to 75.47% | | **Non-recurring Net Profit Attributable to Parent** | 10.50 million CNY - 13.50 million CNY | 45.5747 million CNY | ↓ 70.38% to 76.96% | [Prior Period Performance Review](index=1&type=section&id=Item%20II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Status) In the corresponding period of 2024, the company achieved a net profit attributable to the parent of 46.88 million CNY and non-recurring net profit of 45.57 million CNY, with EPS of 0.28 CNY 2024 Semi-Annual Key Financial Data | Metric | 2024 H1 Amount (million CNY) | | :--- | :--- | | Total Profit | 55.2035 | | Net Profit Attributable to Parent | 46.8776 | | Non-recurring Net Profit Attributable to Parent | 45.5747 | | Earnings Per Share (CNY) | 0.28 | [Analysis of Performance Decline](index=2&type=section&id=Item%20III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Decline) The current period's performance decline is primarily due to reduced heavy-duty truck market demand impacting component revenue, compounded by operational challenges at the Indian subsidiary, increased credit impairment losses, and lower capacity utilization - Declining component revenue due to shifts in heavy-duty truck market demand: Insufficient demand for traditional diesel heavy-duty trucks, lack of new energy heavy-duty truck business, and natural gas heavy-duty truck component production lines still in debugging phase, failing to generate revenue support[6](index=6&type=chunk) - Operational disruptions at the Indian subsidiary: Strategic adjustments by a key client and visa policy impacts prevented employees from conducting local business, leading to year-over-year decreases in operation and maintenance revenue and net profit[6](index=6&type=chunk) - Financial and operational efficiency issues: The company recorded an increase in accounts receivable credit impairment losses year-over-year; concurrently, reduced sales orders led to lower capacity utilization and increased unit manufacturing costs[6](index=6&type=chunk) [Risk Warning and Other Disclosures](index=2&type=section&id=Item%20IV.%20Risk%20Warning%20and%20Other%20Disclosures) The company advises that this performance forecast is based on preliminary, unaudited data and may differ from the final semi-annual report, with no other significant uncertainties currently identified that could impact its accuracy - This performance forecast represents preliminary calculation data and has not been audited by an accounting firm[7](index=7&type=chunk) - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report, cautioning investors about investment risks[7](index=7&type=chunk)

国金证券股份有限公司关于华丰动力股份有限公司 2024年年度报告的信息披露监管问询函回复的 核查意见 上海证券交易所上市公司管理一部： 华丰动力股份有限公司（以下简称"公司""上市公司"或"华丰股份"）于 2025 年 5 月 28 日收到贵部下发的《关于华丰动力股份有限公司 2024 年年度报 告的信息披露监管问询函》（上证公函【2025】0674 号，以下简称"问询函"）。 国金证券股份有限公司（以下简称"保荐机构"）作为华丰股份首次公开发行 A 股 股票的保荐机构和持续督导机构，对问询函有关问题进行了认真分析和核查，并 发表核查意见如下： 问题：关于募投项目 年报及临时公告显示，公司于 2024 年 4 月 27 日将 2020 年 IPO 募投项 目"新型轻量化发动机核心零部件智能制造项目"达到预定可使用状态日期由 2024 年 1 月延期至 2025 年 12 月，截至报告期末累计投入进度为 53.88%，本 年度投入金额 4,450.6 万元，投入金额占该项目募集资金计划投资总额 12.76%。 公司表示仍存在项目建设未达到计划进度并再次延期或募投项目变更的风险。 请公司：（1）分析说明前述 IP ...

关于对华丰动力股份有限公司 2024 年年 度报告的信息披露监管问询的回复 大信备字[2025]第 3-00046 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 关于对华丰动力股份有限公司 2024 年年度报告的信息披露 监管问询的回复 大信备字[2025]第 3-00046 号 上海证券交易所上市公司管理一部: 贵部于 2025 年 5 月 28 日出具的《关于华丰动力股份有限公司 2024 年年度报告的信息披 露监管问询》（上证公函〔2025〕0674 号）（以下简称：问询函）已通过华丰动力股份有限公 司（以下简称：公司或华丰股份）转交收悉。作为华丰股份的 2024 年年报审计机构，大信会 计师事务所(特殊普通合伙)对问询函中提出的相关问题进行了核查，现将核查情况和核查意 见回复如下: 在本问询函相关问题的回复中，若合计数与各分项数值相加之和在尾数上存在差异，均为 四舍五入所致。如无特别说明，本回复中使用的简称或名词释义与《华丰动力股份有限公司 2024 年年度报告》一致。 问题一：关于近年业绩波动。2024 年公司实现营业收入 9 ...

证券代码：605100 证券简称：华丰股份 公告编号：2025-024 华丰动力股份有限公司 关于 2024 年年度报告的信息披露监管问询函的回复公告 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。 华丰动力股份有限公司（以下简称"公司"或"华丰股份"）于 2025 年 5 月 28 日收到上海证券交易所上市公司管理一部出具的上证公函【2025】0674 号 《关于华丰动力股份有限公司 2024 年年度报告的信息披露监管问询函》（以下简 称"问询函"），公司就函件关注的相关问题逐项进行了认真核查、逐项落实， 现就函件相关问题回复如下： 在本问询函相关问题的回复中，若合计数与各分项数值相加之和在尾数上存 在差异，均为四舍五入所致。如无特别说明，本回复中使用的简称或名词释义与 《华丰动力股份有限公司 2024 年年度报告》一致。 问题一：关于近年业绩波动。2024 年公司实现营业收入 91,637.90 万元，实 现归属于上市公司股东的净利润 7,358.80 万元。近三年公司业绩波动较大，营 业收入同比变动比例分别为-45 ...

Summary of Key Points Core Viewpoint - Huafeng Co., Ltd. (605100) experienced a stock price decline of 6.12%, closing at 19.93 yuan as of May 23, 2025, compared to 21.23 yuan the previous week [1] Company Performance - The highest intraday price for Huafeng Co., Ltd. during the week was 22.05 yuan on May 21, 2025, while the lowest was 19.84 yuan on May 23, 2025 [1] - The current total market capitalization of Huafeng Co., Ltd. is 3.411 billion yuan, ranking 143rd out of 215 in the general equipment sector and 3834th out of 5148 in the A-share market [1] Dividend Announcement - Huafeng Co., Ltd. announced a cash dividend of 0.20 yuan per share, totaling 34,226,400.00 yuan [1] - The record date for the dividend is May 23, 2025, with the ex-dividend date and payment date set for May 26, 2025 [1] - The dividend distribution is based on a total share capital of 171,132,000 shares, with the cash dividend being inclusive of tax [1] Taxation Details - Individual shareholders holding unrestricted circulating shares and those with stock options exceeding one year are exempt from personal income tax on dividend income; those holding for one year or less will not have tax withheld for this dividend [1] - For QFII shareholders, a 10% corporate income tax will be withheld, resulting in a net dividend of 0.18 yuan per share [1] - For investors from the Hong Kong Stock Exchange, the same 10% tax rate applies, leading to a net dividend of 0.18 yuan per share [1] - Other institutional investors and corporate shareholders will not have tax withheld, receiving the gross dividend of 0.20 yuan per share [1]

证券代码：605100 证券简称：华丰股份 公告编号：2025-023 华丰动力股份有限公司2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.20元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/5/23 | － | 2025/5/26 | 2025/5/26 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经华丰动力股份有限公司（以下简称"公司"或"本公司"）2025 年 5 月 9 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本171,132,000股为基数，每股派发现 ...

Core Insights - The heavy truck market in China is under pressure, with total sales down 4% year-on-year in Q1 2024, while natural gas heavy trucks show resilience with a 4% increase in sales [1] - Huafeng Power Co., Ltd. is focusing on technological upgrades and flexible production lines to strengthen its core business and seize market opportunities despite facing performance challenges in 2024 [2] Market Performance - Natural gas heavy trucks have gained market share due to their economic and technological advantages, although Huafeng has faced reduced orders and capacity utilization due to mismatches in production lines and client needs [2] - The sales of new energy heavy trucks reached 82,000 units in 2024, marking a significant 140% year-on-year increase, indicating a growing market penetration [3] Technological Development - Huafeng has established a joint R&D center with the Shanghai Institute of Ceramics to focus on solid-state battery technology, which is seen as a key future technology [3] - The company is exploring combining halide systems with polymer matrices to enhance ionic conductivity and mechanical strength, although the technology is still in the early stages of development [3] Business Expansion - Huafeng is expanding its traditional diesel engine and intelligent generator businesses through strategic partnerships and market development, including collaborations with Weichai Lovol in agricultural machinery [4] - The company has successfully developed and delivered silent generator sets for communication base stations in Congo and the Philippines, enhancing its competitiveness in the overseas market [4] International Market Opportunities - The demand for diesel generator sets as critical backup power sources is increasing due to the global expansion of data centers, providing opportunities for domestic companies to enter international markets [5] - Huafeng plans to strengthen its research on international trade and local industry policies while actively seeking new clients abroad to mitigate risks in overseas markets [5]

证券代码：605100 证券简称：华丰股份 公告编号：2025-022 华丰动力股份有限公司 关于参加 2025 年山东辖区上市公司投资者网上集体接待日 活动暨召开 2024 年度和 2025 年第一季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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 5 月 15 日（星期四）下午 15:00-16:30 会议召开地点："全景路演"网站（http://rs.p5w.net）；或关注微信公 众号（名称：全景财经）；或下载全景路演 APP，参与本次互动交流 会议召开方式：网络文字互动方式 投资者可于 2025 年 5 月 14 日（星期三）17:00 前通过公司邮箱 hfstock@powerhf.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。 华丰动力股份有限公司（以下简称"公司"）已于 2025 年 4 月 18 日、4 月 30 日发布公司 2024 年年度报告、2025 年第一季度报告，为便于广大投资者更全 面深入地了解公司经营成果、 ...