证券代码：605305 证券简称：中际联合 公告编号：2025-061 一、会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 8 日 (二)股东会召开的地点：北京经济技术开发区同济南路 11 号会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 174 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 73,998,014 | | 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 | 34.8193 | | 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，股东会主持情况等。 中际联合（北京）科技股份有限公司 2025年第一次临时股东会决议公告 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 本次会议由公司董事会召集，会议采取现场投票和网络投票相结合的方式，会 议的召集、召开及表决方式符合《公司法》等相关法律、法规、规章和《公司章 ...

Core Viewpoint - In the first half of 2025, domestic wind power installations are expected to double, primarily driven by a surge in installations in May due to policy incentives [1][3]. Financial Performance - In H1 2025, the company achieved revenue of 818 million yuan, a year-on-year increase of 43.52%, and a net profit attributable to shareholders of 262 million yuan, up 86.61% [2]. - In Q2 2025, the company recorded revenue of 502 million yuan, a 52.13% increase year-on-year, and a net profit of 164 million yuan, reflecting a 99.31% growth [2]. Industry Dynamics - The domestic wind power installation market is currently experiencing high demand, with new grid-connected installations reaching 51.39 GW in H1 2025, a 98.88% increase year-on-year, largely due to the "531 policy" [3]. - The company’s revenue from lifting equipment grew by 34.34% to 547 million yuan, while safety protection equipment revenue surged by 71.24% to 240 million yuan, benefiting from the wind power installation boom [3]. Order Growth - From January to July 2025, new orders increased by approximately 30%, with domestic orders growing faster than international ones [4]. - Large-load and gear rack elevators accounted for about 40% of the lifting equipment order value, indicating a clear trend towards larger products [4]. Profitability Metrics - The company’s gross margin improved by 1.51 percentage points to 50.15% in H1 2025, with net profit margin reaching 32.02%, close to historical highs [5]. - The significant reduction in expense ratio by 7.39 percentage points to 15.96% contributed to the improved profitability [5]. Product and Market Expansion - The company is focusing on expanding its product offerings in both wind and non-wind sectors, enhancing its competitive edge and overall profitability [6]. - In the wind sector, the company is increasing R&D efforts for large-load elevators and gear rack elevators, while also exploring applications in non-wind areas such as industrial and construction lifting equipment [6]. International Strategy - The company has proactively built inventory to mitigate potential tariff impacts, with a significant increase in high-altitude safety lifting equipment stock [7]. - The establishment of subsidiaries in the U.S. and local production capabilities are part of the strategy to navigate tariff challenges and enhance market presence [7]. Future Projections - Revenue projections for 2025-2027 are estimated at 1.7 billion, 2.074 billion, and 2.523 billion yuan, with net profits of 504 million, 601 million, and 718 million yuan respectively, indicating strong growth potential [8].

Market Performance - The engineering machinery sector rose by 1.59% on September 5, with Changling Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Top Gainers in Engineering Machinery - Changling Hydraulic (code: 605389) closed at 45.04, up 6.20% with a trading volume of 31,800 lots and a turnover of 141 million yuan [1] - Hangcha Group (code: 603298) closed at 24.59, up 5.76% with a trading volume of 156,200 lots and a turnover of 378 million yuan [1] - Zhongji United (code: 605305) closed at 38.70, up 5.33% with a trading volume of 148,900 lots and a turnover of 570 million yuan [1] Market Capital Flow - The engineering machinery sector experienced a net outflow of 96.58 million yuan from institutional investors, while retail investors saw a net inflow of 104 million yuan [2] - The top stocks with significant net inflows from retail investors include Changling Hydraulic and Zhongji United [2][3] Individual Stock Performance - Yichang Heavy Industry (code: 600031) had a net inflow of 39.30 million yuan from institutional investors, while retail investors had a net outflow of 29.07 million yuan [3] - Liugong (code: 000528) saw a net inflow of 25.38 million yuan from institutional investors, with a net outflow of 18.96 million yuan from retail investors [3]

Group 1 - The core transaction involved Zhongji United, with a total of 500,000 shares traded, amounting to 18.095 million yuan, which represented 6.81% of the total trading volume for the day [1] - The transaction price was set at 36.19 yuan per share, reflecting a discount of 1.5% compared to the market closing price of 36.74 yuan [1]

Core Viewpoint - Zhongji United's stock has shown volatility with a recent decline, despite a significant year-to-date increase in share price and strong revenue growth [1][2]. Group 1: Stock Performance - As of September 2, Zhongji United's stock price was 36.61 CNY per share, down 2.01% for the day, with a total market capitalization of 7.78 billion CNY [1]. - Year-to-date, the stock price has increased by 31.31%, but it has seen a decline of 2.89% over the last five trading days and 3.91% over the last twenty days [1]. - The stock has experienced a significant increase of 38.05% over the last sixty days [1]. Group 2: Financial Performance - For the first half of 2025, Zhongji United reported revenue of 818 million CNY, representing a year-on-year growth of 43.52%, and a net profit attributable to shareholders of 262 million CNY, up 86.61% [2]. Group 3: Shareholder Information - As of August 29, the number of shareholders for Zhongji United increased to 21,600, with an average of 9,826 circulating shares per shareholder, a decrease of 2.95% [2]. - The company has distributed a total of 330 million CNY in dividends since its A-share listing, with 205 million CNY distributed over the past three years [3]. - Notable institutional shareholders include Baodao Huitai Preferred Mixed Fund and Hong Kong Central Clearing Limited, both of which are new shareholders [3]. Group 4: Business Overview - Zhongji United, established on July 21, 2005, specializes in the research, production, and sale of specialized high-altitude safety equipment, with a revenue composition of 66.87% from high-altitude lifting equipment, 29.29% from safety protection equipment, and 3.21% from safety operation services [1]. - The company is classified under the machinery equipment sector, specifically in engineering machinery [1].

Group 1 - The core point of the article is that the controlling shareholder and CEO of Zhongji United, Liu Zhixin, has not reduced his shareholding during the planned reduction period, which has now ended [1] - As of the announcement date, Zhongji United's market capitalization is 7.9 billion yuan [1] - For the year 2024, Zhongji United's revenue composition is as follows: wind power industry accounts for 96.57%, other industries account for 2.72%, and other businesses account for 0.71% [1]

Market Performance - The engineering machinery sector rose by 1.35% on September 1, with Fushite leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers - Fushite (301446) closed at 30.80, up 8.91% with a trading volume of 52,800 shares and a turnover of 160 million yuan [1] - Hangcha Group (603298) closed at 24.87, up 7.11% with a trading volume of 215,700 shares and a turnover of 523 million yuan [1] - Xugong Machinery (000425) closed at 68.6, up 3.45% with a trading volume of 1,256,000 shares and a turnover of 1.229 billion yuan [1] Top Losers - Wuxin Suizhuang (835174) closed at 58.14, down 4.15% with a trading volume of 38,900 shares and a turnover of 226 million yuan [2] - Tietuo Machinery (873706) closed at 24.89, down 3.83% with a trading volume of 34,500 shares and a turnover of 86.3 million yuan [2] - Noli Co., Ltd. (603611) closed at 25.85, down 3.69% with a trading volume of 150,400 shares and a turnover of 392 million yuan [2] Capital Flow - The engineering machinery sector experienced a net outflow of 719 million yuan from institutional investors, while retail investors saw a net inflow of 551 million yuan [2][3] - The sector's overall capital flow indicates a mixed sentiment among different investor types, with institutional investors pulling back while retail investors increased their positions [2][3] Individual Stock Capital Flow - Liugong (000528) had a net outflow of 58.11 million yuan from institutional investors, while retail investors saw a net outflow of 69.41 million yuan [3] - Xugong Machinery (000425) experienced a net inflow of 53.84 million yuan from institutional investors, but retail investors had a net outflow of 47.69 million yuan [3] - Huadong Heavy Machine (002685) saw a net inflow of 25.18 million yuan from institutional investors, while retail investors had a net outflow of 6.57 million yuan [3]

证券代码：605305 证券简称：中际联合 公告编号：2025-060 中际联合（北京）科技股份有限公司 控股股东、实际控制人减持股份结果公告 本公司董事会、全体董事及相关股东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： 控股股东、实际控制人持股的基本情况 截至本公告披露日，中际联合（北京）科技股份有限公司（以下简称"公司"） 控股股东、实际控制人、董事长、总经理（总裁）刘志欣先生直接持有公司无限售 条件流通股数量为 51,656,387 股，占公司总股本的 24.31%；通过世创（北京）科 技发展有限公司间接持有公司无限售条件流通股数量为 12,099,614 股，占公司总股 本的 5.69%，直接和间接合计持有公司 30.00%的股份。上述股份来源为公司首次公 开发行股票并上市前取得的股份及上市后资本公积金转增股本取得的股份，上述股 份均已于 2024 年 5 月 6 日解除限售并上市流通。 减持计划的实施结果情况 公司于 2025 年 5 月 9 日在上海证券交易所网站（www.sse.com.cn）及指定信息 披露媒体上披 ...

证券代码：605305 证券简称：中际联合 公告编号：2025-059 中际联合（北京）科技股份有限公司 关于使用闲置募集资金进行现金管理到期赎回 并继续进行现金管理的进展公告 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。 1 监事会发表了明确的同意意见，保荐人中信建投证券股份有限公司对本事项出具 了明确的核查意见。详细内容见公司于 2024 年 4 月 13 日、2024 年 5 月 9 日在 上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体披露的相关公告。 一、前次使用募集资金进行现金管理到期赎回的情况 2025 年 7 月 31 日，公司子公司中际联合（北京）装备制造有限公司（以下 简称"中际装备"）向兴业银行股份有限公司北京通州北苑支行购买了结构性存 款产品人民币 5,800.00 万元。具体详见公司于 2025 年 8 月 2 日在上海证券交易 所网站（www.sse.com.cn）披露的《中际联合（北京）科技股份有限公司关于使 用闲置募集资金进行现金管理到期赎回并继续进行现金管理的进展公告》（ ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The wind power industry is experiencing rapid growth, driven by both policy and demand, with a significant increase in global installed capacity and a 22.7% year-on-year growth in China's cumulative wind power capacity [4] - The company has achieved a 43.52% year-on-year increase in revenue, supported by innovative products that align with the trend of larger wind turbines [4] - The company maintains a leading market position in the wind power sector, with a 49.61% year-on-year increase in contract liabilities, reflecting strong industry momentum [4] Summary by Sections Market Performance - The company reported a revenue of 818 million yuan in the first half of 2025, a 43.52% increase compared to the same period in 2024, and a net profit of 262 million yuan, up 86.61% year-on-year [3] Investment Highlights - The wind power industry is in a high-growth phase, with global new installed capacity reaching 117 GW in the first half of 2025 [4] - The company has developed innovative products such as gear rack elevators and dual-machine tower climbing solutions, which cater to the increasing size of wind turbines [4] - The company’s R&D investment reached 35.93 million yuan, with 30 new patent applications and 19 new authorizations in the first half of 2025 [5] Global Expansion and Trade Policy Adaptation - The company is expanding its overseas market presence, with a forecast of over 350 GW of new offshore wind installations from 2025 to 2034, and has established localized service teams through subsidiaries [6][8] - The company has effectively managed exchange rate risks through tools like foreign exchange hedging and has achieved AEO certification to enhance cross-border trade facilitation [6][8] Profit Forecast - The company’s revenue is projected to reach 1.734 billion yuan in 2025, with an EPS of 2.16 yuan, corresponding to a PE ratio of 17.0 [9]