证券代码：605389 证券简称：长龄液压 公告编号：2025-048 重要内容提示： 截至本公告披露之日，本次要约收购事项尚在推进过程中，收购人无锡 核芯破浪科技合伙企业（有限合伙）（以下简称"核芯破浪"）何时发布要约收 购报告书全文的时间尚未最终确定。请投资者注意投资风险。 江苏长龄液压股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日收 到核芯破浪发来的《关于要约收购江苏长龄液压股份有限公司进展情况的函》， 现将函件内容公告如下： "2025 年 7 月 10 日，无锡核芯破浪科技合伙企业（有限合伙）（以下简称 "核芯破浪"）向江苏长龄液压股份有限公司（以下简称"上市公司"、"长龄 液压"）发出《江苏长龄液压股份有限公司要约收购报告书摘要》（以下简称"《要 约收购报告书摘要》"）。核芯破浪拟按照《上市公司收购管理办法》的相关规 定向除无锡核芯听涛科技合伙企业（有限合伙）（现已更名为"无锡核芯听涛科 技合伙企业（普通合伙）"，以下简称"核芯听涛"）、江阴澄联双盈投资合伙 企业（有限合伙）（以下简称"澄联双盈"）以外长龄液压全体股东发出部分要 约，收购长龄液压 17,290,448 股股份 ...

Market Overview - The engineering machinery sector increased by 1.85% on November 6, with Hengli Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Hengli Hydraulic (601100) closed at 93.15, up 6.66% with a trading volume of 110,000 shares and a transaction value of 1.004 billion [1] - Zoomlion Heavy Industry (000157) closed at 8.63, up 2.98% with a trading volume of 1.4719 million shares and a transaction value of 1.261 billion [1] - Xiamen XGMA (600815) closed at 3.80, up 2.43% with a trading volume of 4.7292 million shares and a transaction value of 1.863 billion [1] - Other notable performers include Hangcha Group (603298) up 2.23% and Zhejiang Dingli (603338) up 1.81% [1] Capital Flow - The engineering machinery sector experienced a net outflow of 201 million from institutional investors and 183 million from retail investors, while retail investors saw a net inflow of 384 million [2][3] - Major stocks like Zoomlion Heavy Industry had a net inflow of 63.06 million from institutional investors but a net outflow from retail investors [3] - Hengli Hydraulic had a net inflow of 21.10 million from institutional investors, indicating mixed investor sentiment [3]

Core Viewpoint - Longling Hydraulic (605389) reported that as of October 31, 2025, the number of shareholders is 9,472 [1] Company Summary - Longling Hydraulic has engaged with investors through an interactive platform, providing updates on shareholder numbers [1]

Core Viewpoint - The engineering machinery sector experienced a decline of 0.76% on November 4, with Weiman Sealing leading the losses [1][2]. Group 1: Market Performance - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1]. - The engineering machinery sector saw a mixed performance among individual stocks, with notable gainers including: - XG Group (厦工股份) up 10.13% at 3.37 [1]. - Tietuo Machinery (铁拓机械) up 7.93% at 26.96 [1]. - Liugong (柳工) up 2.49% at 11.95 [1]. - Conversely, Weiman Sealing (唯万密封) led the decline, down 6.36% at 36.53 [2]. Group 2: Trading Volume and Capital Flow - The engineering machinery sector had a net inflow of 114 million yuan from institutional investors, while retail investors saw a net outflow of 192 million yuan [2][3]. - The trading volume for key stocks included: - XG Group with a trading volume of 621,300 shares and a turnover of 206 million yuan [1]. - Tietuo Machinery with a trading volume of 107,000 shares and a turnover of 281 million yuan [1]. - The capital flow for individual stocks showed significant net inflows for: - XG Group with a net inflow of 116 million yuan from institutional investors [3]. - Yichuan Heavy Industry (一重工) with a net inflow of 110 million yuan [3].

江苏长龄液压股份有限公司 （JiangSu Changling Hydraulic Co., Ltd） （江阴市云亭街道云顾路 885 号） 股票代码：605389 2025 年第一次临时股东大会 会议资料 2025 年 11 月 1 | . | 4 | | --- | --- | | 1 | A | | | | 江苏长龄液压股份有限公司 2025 年第一次临时股东大会会议议程 一、会议时间 2025 年 11 月 11 日 13:00 二、会议地点 江苏省江阴市云亭街道云顾路 885 号公司三楼大会议室 三、会议出席、列席对象 （一）股东及股东代表 （四）其他人员 （二）推举计票、监票人。 （三）主持人向大会报告出席现场会议的股东人数及其代表的股份数。 （四）逐项审议内容： | 序号 | 议案名称 | | --- | --- | | 1 | 关于取消监事会、修订《公司章程》并授权办理工商变更登记的议案 | | 2.00 | 关于修订、制定公司部分治理制度的议案 | | 2.01 | 关于修订《股东会议事规则》的议案 | | 2.02 | 关于修订《董事会议事规则》的议案 | | 2.03 | 关于修订《独立 ...

Core Viewpoint - Changling Hydraulic is a leading manufacturer of hydraulic components in China, focusing on research, production, and sales of hydraulic parts and precision castings, with a strong emphasis on technology and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Changling Hydraulic achieved a revenue of 750 million yuan, ranking 4th among 12 companies in the industry, with the top competitor, Hengli Hydraulic, generating 7.79 billion yuan [2] - The revenue breakdown includes 172 million yuan from tensioning devices (36.61%), 106 million yuan from precision castings (22.59%), and 101 million yuan from central swivel joints (21.51%) [2] - The net profit for the same period was 120 million yuan, also ranking 4th in the industry, with Hengli Hydraulic leading at 2.09 billion yuan [2] Group 2: Financial Health - As of Q3 2025, the asset-liability ratio of Changling Hydraulic was 10.70%, an increase from 8.18% year-on-year, significantly lower than the industry average of 29.94%, indicating strong solvency [3] - The gross profit margin for the period was 28.64%, up from 27.13% year-on-year, surpassing the industry average of 27.79%, reflecting robust profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.41% to 8,868, while the average number of circulating A-shares held per account increased by 4.61% to 15,400 [5] - The company has focused on technology and has expanded into the photovoltaic sector through the acquisition of 70% of Jiangyin Shangchi in 2023, with projected net profit commitments for 2023-2025 [5] Group 4: Future Projections - Expected net profits for Changling Hydraulic from 2025 to 2027 are projected to be 122 million yuan, 155 million yuan, and 231 million yuan, representing year-on-year growth rates of 28.7%, 27.4%, and 48.6% respectively [5]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [2] Financial Performance - The company achieved a revenue of 284,770,459.09 yuan in the third quarter of 2025, representing a year-on-year growth of 37.08% [2] - The net profit attributable to shareholders of the listed company was 44,712,459.77 yuan, showing a year-on-year increase of 72.70% [2]

Core Insights - The company reported a revenue of 750 million yuan for the first three quarters of 2025, representing a year-on-year increase of 10.50% [1] - The net profit attributable to shareholders reached 110 million yuan, up 20.51% year-on-year, with a basic earnings per share of 0.77 yuan [1] - The gross margin for the first three quarters was 28.64%, an increase of 1.51 percentage points year-on-year, while the net margin was 16.05%, up 1.12 percentage points from the previous year [1] Financial Performance - The company’s third-quarter gross margin was 32.25%, showing a year-on-year increase of 5.15 percentage points and a quarter-on-quarter increase of 4.91 percentage points [1] - The net margin for the third quarter was 18.63%, which is an increase of 5.23 percentage points year-on-year and 3.87 percentage points quarter-on-quarter [1] - The company’s total expenses for the third quarter were 70.86 million yuan, an increase of 6.28 million yuan compared to the same period last year, with an expense ratio of 9.45%, down 0.07 percentage points year-on-year [2] Shareholder Information - As of the end of the third quarter of 2025, the total number of shareholders was 8,868, an increase of 892 from the end of the first half of the year, representing an 11.18% growth [2] - The average market value held per shareholder increased from 795,900 yuan to 995,800 yuan, a growth of 25.11% [2] Business Overview - Jiangsu Changling Hydraulic Co., Ltd. specializes in the research, production, and sales of hydraulic components and precision castings, with main revenue sources including tensioning devices (36.61%), precision castings (22.59%), central swivel joints (21.51%), and reduction gears (13.77%) [2] - The company is classified under the machinery equipment sector, specifically in engineering machinery components, and is involved in various concept sectors including engineering machinery and solar energy [3]

Core Insights - The company reported a revenue of 750 million yuan for the first three quarters of 2025, representing a year-on-year growth of 10.50% [1] - The net profit attributable to shareholders reached 110 million yuan, showing a year-on-year increase of 20.51% [1] - The non-recurring net profit was 104 million yuan, reflecting a year-on-year growth of 17.04% [1] - The basic earnings per share stood at 0.77 yuan [1]

Core Viewpoint - Changling Hydraulic (605389) reported strong financial performance for Q3 2025, with significant year-on-year growth in both revenue and net profit, indicating successful market expansion and increased sales orders [1] Financial Performance - Q3 revenue reached 285 million yuan, representing a year-on-year increase of 37.08% [1] - Q3 net profit was 44.71 million yuan, showing a year-on-year growth of 72.7% [1] - For the first three quarters, total revenue was 750 million yuan, up 10.5% year-on-year [1] - Net profit for the first three quarters amounted to 110 million yuan, reflecting a year-on-year increase of 20.51% [1] - Basic earnings per share stood at 0.77 yuan [1] Market Expansion - The company has been actively expanding its market presence, leading to an increase in sales orders and overall revenue growth [1]