证券代码：688377 证券简称：迪威尔 公告编号：2025-030 南京迪威尔高端制造股份有限公司 关于公司向不特定对象发行可转换公司债券摊薄即期回报、 采取填补措施及相关主体承诺的公告 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、准确性和完整性依法承担法律责任。 南京迪威尔高端制造股份有限公司（以下简称"公司"）根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司证券发行注册管理办法》《国 务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作的意见》（国办 发〔2013〕110 号）要求，以及《国务院关于进一步促进资本市场健康发展的若干 意见》（国发〔2014〕17 号）和《关于首发及再融资、重大资产重组摊薄即期回 报有关事项的指导意见》（证监会公告〔2015〕31 号）等法律法规及规范性文件 的有关规定，为保障中小投资者知情权，维护中小投资者利益，公司就本次向不特 定对象发行可转换公司债券对即期回报摊薄的影响进行了认真分析，并制定了相应 的填补措施，相关主体对填补即期回报措施能够得到切实履行作出了承诺，具体情 况说明如下： 一、 ...

证券代码：688377 证券简称：迪威尔 南京迪威尔高端制造股份有限公司 向不特定对象发行可转换公司债券募集资金 使用的可行性分析报告 二〇二五年十月 1 为提升公司核心竞争力，增强公司盈利能力，南京迪威尔高端制造股份有限公 司（以下简称"迪威尔"或"公司"）拟向不特定对象发行可转换公司债券募集资 金。公司董事会对本次发行可转换募集资金使用的必要性、可行性分析如下： 一、本次募集资金使用计划 本次发行可转换公司债券的募集资金总额不超过人民币90,770.54万元（含本 数），扣除发行费用后，拟用于以下项目： 单位：万元 | 序号 | 项目名称 | 投资金额 | 拟投入募集资金金额 | | --- | --- | --- | --- | | 1 | 深海承压零部件产品精密制造项目 | 30,583.00 | 28,265.54 | | 2 | 工业燃气轮机关键零部件产品精密制造项 目 | 62,505.00 | 62,505.00 | | | 合计 | 93,088.00 | 90,770.54 | 注：截至第六届董事会第九次会议召开日，深海承压零部件产品精密制造项目已投入2,317.46万元，拟使用 募集资金 ...

证券代码：688377 证券简称：迪威尔 本次发行证券的种类为可转换为公司股票的可转换公司债券。本次发行的可 转换公司债券及未来转换的公司股票将在上海证券交易所上市。 二、本次发行证券的必要性 南京迪威尔高端制造股份有限公司 向不特定对象发行可转换公司债券的 论证分析报告 二〇二五年十月 第一节 本次发行证券及其品种选择的必要性 南京迪威尔高端制造股份有限公司（以下简称"迪威尔"或"公司"）是在 上海证券交易所科创板上市的公司。为满足公司发展的资金需求，扩大公司经营 规模，增强公司的综合竞争力和持续盈利能力，公司结合自身实际状况，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）以及《上市公司证券发行注册管理办法》（以下简称"《注 册管理办法》"）等有关法律、法规和规范性文件的规定，拟通过向不特定对象 发行可转换公司债券的方式募集资金。 一、发行证券的种类 （一）本次发行证券募集资金的必要性 本次向不特定对象发行可转债募集资金投资项目均经过公司审慎论证，项目 的实施有利于进一步提升公司的核心竞争力，增强公司的可持续发展能力，具体 分析详见公司同日公告 ...

证券代码：688377 证券简称：迪威尔 南京迪威尔高端制造股份有限公司 （Nanjing Develop Advanced Manufacturing Co., Ltd.） （南京市江北新区迪西路 8 号） 向不特定对象发行可转换公司债券预案 二〇二五年十月 发行人声明 1、公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存 在虚假记载、误导性陈述或重大遗漏，并对本预案内容的真实性、准确性、完整 性承担个别和连带的法律责任。 2、本次向不特定对象发行可转换公司债券完成后，公司经营与收益的变化 由公司自行负责；因本次向不特定对象发行可转换公司债券引致的投资风险由投 资者自行负责。 3、本预案是公司董事会对本次向不特定对象发行可转换公司债券的说明， 任何与之相反的声明均属不实陈述。 4、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 5、本预案所述事项并不代表审核、注册部门对于本次向不特定对象发行可 转换公司债券相关事项的实质性判断、确认、批准或注册。本预案所述本次向不 特定对象发行可转换公司债券相关事项的生效和完成尚待公司股东会审议，及上 海证券交易所发行上市审核并 ...

专项报告 2025 年 9 月 30 日 公证天业会计师事务所（特殊普通合伙） 南京迪威尔高端制造股份有限公司 Gongzheng Tianye Certified Public Accountants, SGP 中国．江苏．无锡 Wuxi．Jiangsu．China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn 前次募集资金使用情况鉴证报告 苏公W[2025]E1430号 南京迪威尔高端制造股份有限公司全体股东： 我们接受委托，对后附的南京迪威尔高端制造股份有限公司(以下简称"迪威 尔")截至 2025 年 9 月 30 日止的前次募集资金使用情况报告进行了鉴证。 一、董事会的责任 按照中国证券监督管理委员会《监管规则适用指引——发行类第7号》的规 定编制前次募集资金使用情况报告，并保证其内容真实、准确、完整，不存在 虚假记录、误导性陈述或重大遗漏是迪威尔董事会的责任。 二、注册会计师的责任 我们的责任是在实施鉴 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥310,216,414.48, representing a year-on-year increase of 33.94%[3] - Total profit for the quarter was ¥43,375,387.97, a significant increase of 308.30% compared to the same period last year[3] - Net profit attributable to shareholders was ¥38,188,962.34, reflecting a remarkable growth of 359.71% year-on-year[3] - Basic earnings per share for the quarter were ¥0.19, up 375.00% from the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥872,953,898.01, an increase of 9.86% compared to ¥794,576,489.98 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥99,913,031.13, up 37.5% from ¥72,673,644.15 in the first three quarters of 2024[21] - Net profit attributable to shareholders for the first three quarters of 2025 was ¥89,714,922.38, representing a 40.6% increase from ¥63,814,867.21 in the same period of 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.46, up from ¥0.33 in the same period of 2024[22] Cash Flow and Management - The net cash flow from operating activities for the quarter was ¥86,326,772.23, an increase of 73.81% compared to the previous year[3] - The company reported a net cash flow from operating activities of ¥123,159,613.92 for the first three quarters of 2025, significantly higher than ¥18,165,889.85 in the same period of 2024[25] - Cash inflow from operating activities totaled ¥991,497,218.73 for the first three quarters of 2025, compared to ¥918,033,493.96 in the same period of 2024[25] - The company reported a significant improvement in cash flow management and profitability, contributing to the overall financial performance[9] Assets and Liabilities - Total assets at the end of the quarter were ¥2,830,710,556.78, an increase of 2.38% from the end of the previous year[4] - As of September 30, 2025, the total assets of Nanjing Diweier High-end Manufacturing Co., Ltd. amounted to RMB 2,830,710,556.78, an increase from RMB 2,764,884,501.75 at the end of December 2024[16] - The company's current assets totaled RMB 1,399,496,886.77, compared to RMB 1,371,441,307.78 in December 2024, reflecting a growth of approximately 2.3%[17] - Total liabilities were reported at RMB 969,712,906.88, slightly down from RMB 972,506,747.74, indicating a reduction of around 0.3%[18] - The company's non-current assets totaled RMB 1,431,213,670.01, up from RMB 1,393,443,193.97, marking an increase of about 2.7%[17] - The total equity remained stable at RMB 194,667,000.00, unchanged from the previous period[18] Research and Development - The company invested ¥8,688,503.10 in R&D during the quarter, accounting for 2.80% of its revenue, a decrease of 0.56 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were ¥27,871,071.07, slightly up from ¥27,539,480.65 in the first three quarters of 2024[20] Market and Growth - The growth in revenue was primarily driven by an increase in orders for deep-sea equipment components[8] - The company’s total liabilities and equity increased to ¥2,830,710,556.78, reflecting a growth strategy and potential market expansion[19] Financial Expenses - The company’s financial expenses increased to ¥6,065,765.98 in the first three quarters of 2025, compared to ¥229,303.61 in the same period of 2024, with interest expenses rising to ¥7,743,175.24 from ¥3,580,124.57[20] Shareholder Information - The company reported a total of 50,250,000 shares held by Nanjing Diweier Industrial Co., Ltd., representing a significant portion of the total shares outstanding[12]

南京迪威尔高端制造股份有限公司 可转换公司债券持有人会议规则 南京迪威尔高端制造股份有限公司 可转换公司债券持有人会议规则 南京迪威尔高端制造股份有限公司 可转换公司债券持有人会议规则 第一章 总则 第一条 为规范南京迪威尔高端制造股份有限公司（以下简称"公司"）可 转换公司债券持有人（以下简称"债券持有人"）会议的组织和行为，界定债券 持有人会议的职权、义务，保障债券持有人的合法权益，根据《中华人民共和国 公司法》《中华人民共和国证券法》《上市公司证券发行注册管理办法》《可转 换公司债券管理办法》《上海证券交易所上市公司可转换公司债券发行实施细则》 和《上海证券交易所科创板股票上市规则》等法律、法规及其他规范性文件的规 定及《南京迪威尔高端制造股份有限公司章程》（以下简称"《公司章程》"）， 并结合公司的实际情况，特制订本规则。 第二条 本规则项下的可转换公司债券为公司依据《南京迪威尔高端制造股 份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）约定发行的可转换公司债券（以下简称"本次可转债"或"可转债"）。 债券持有人为通过认购、交易、受让、继承或其他合法方式取得本次可转 ...

Group 1 - The shortage of gas turbines is becoming a bottleneck for the expansion of AI data centers, leading developers to procure mobile generator sets modified from retired aircraft engines [1] - By 2026, the biggest obstacle to the expansion of AI data centers may no longer be computing power, land, or capital, but rather jet engines [1] - The global demand for natural gas power generation is surging due to the AI boom, resulting in a severe supply bottleneck in the gas turbine market [1] Group 2 - According to DoraPartners, the global new orders for gas turbines (measured by installed capacity) are expected to rise from approximately 60 GW in 2024 to nearly 85 GW in 2025, with the number of orders increasing from about 800 to over 1000, marking a new high since 2011 [1] - The complexity of gas turbine manufacturing makes it difficult to quickly respond to demand shocks, with some core component delivery cycles taking years [1] - The "turbine purchasing war" led by American tech companies has extended equipment delivery cycles to three years [2] Group 3 - Companies like Yingliu Technology, a leader in high-temperature blades for gas turbines, have established business relationships with several gas turbine and aircraft engine manufacturers, with current orders exceeding 1.2 billion yuan [2] - Deweier is continuously developing forging and heat treatment technology for low-pressure gas turbine shaft products, with future supply expected to clients such as Baker Hughes and Caterpillar [2]

Summary of Conference Call Notes Industry Overview - **Industry Focus**: Gas Turbine Industry - **Electricity Demand Surge**: The electricity consumption of data centers in the U.S. is expected to reach 325 to 580 TWh by 2028, with a compound annual growth rate (CAGR) of 27%. Globally, data center electricity demand is projected to exceed 1,000 TWh by 2030, putting significant pressure on the power grid [1][3] Key Insights and Arguments - **Gas Turbines as Optimal Solution**: Gas turbines are favored due to their short construction cycle, quick startup, and stable operation, aligning well with the 2-4 year construction cycle of data centers. The approval process for gas turbine projects is approximately 10 months, significantly shorter than wind and solar projects [1][5] - **Global Gas Turbine Market Growth**: In 2023, global gas turbine market sales are estimated at 40-44 GW. Mitsubishi Heavy Industries anticipates an average sales volume of 60 GW from 2024 to 2026. In Q2 of this year, global orders increased by 38% year-over-year to 21 GW, with North America leading due to data center demand [1][6][7] - **Major Manufacturers' Expansion Plans**: Key players like GE, Siemens, and Mitsubishi Heavy Industries are experiencing significant order growth and have announced expansion plans, indicating confidence in sustained industry growth. Mitsubishi plans to double its production capacity in the next two years, while Siemens and GE aim to increase production capacity by 50% [1][7] Market Opportunities - **Domestic Replacement Opportunities**: The trend of deindustrialization in Europe and the U.S. presents opportunities for domestic companies to enter the global gas turbine supply chain, particularly in high-end casting and forging components [1][8] - **Core Component Market**: High-value components such as hot-end turbine blades and rotor shafts are currently dominated by overseas companies. However, domestic firms like Diwei and Yingliu are expected to gain market share due to their technological advantages [2][8][9] Company-Specific Developments - **Diwei's Competitive Edge**: Diwei is focusing on the production of high-end forged components for gas turbines and has established supply relationships with major clients like Baker Hughes and Caterpillar. The market value of gas turbines is approximately 2 to 3 billion RMB per GW, with a projected demand of 150 billion RMB over the next three years [9][10] - **Yingliu's Market Position**: Yingliu is a leading player in the high-temperature blade market, with a 100% increase in order volume expected in 2024. The company has secured over 1.2 billion RMB in orders and is expanding its production capacity [4][11][12] - **Liande's Progress**: Liande has developed a full industrial chain technology for high-precision casting and machining, beginning to supply gas turbine components in bulk. The company has a strong partnership with Caterpillar, enhancing its market position [13] Additional Insights - **Strategic Importance of Rare Metals**: The production of rare strategic metals like lithium is becoming increasingly important, with rising prices due to demand. Companies like Sains are investing in production lines to capitalize on this trend [14][15]

Core Insights - As of October 21, a total of 66 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more [1] - The stock with the longest consecutive net inflow is Fanwei Network, which has seen net buying for 10 trading days [1] - Other notable stocks with significant consecutive net inflows include Mindray Medical, Yingke Medical, Shenjian Co., Xingqi Eye Medicine, Maixinlin, Deep Technology, Diweier, and Haide Co. [1]