股票代码：000410 股票简称：沈阳机床 公告编号：2025-62 沈阳机床股份有限公司 关于修订《公司章程》的公告 本公司及董事会成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 沈阳机床股份有限公司（以下简称"公司"）于 2025 年 9 月 12 日召开第十届董事会第二十八次会议及第十届监 事会第二十一次会议，分别审议并通过了《关于修订<公司 章程>的议案》和《关于废止<监事会议事规则>的议案》。 具体情况如下： 一、整体修订情况 （一）为进一步提升公司规范运作水平，完善治理结构， 根据《中华人民共和国公司法（2023 年修订）》（以下简称 "《公司法》"）《上市公司章程指引（2025 年修订）》等 法律法规、行政法规的规定，对《公司章程》进行全面修订。 将《公司章程》中"股东大会"统一调整为"股东会"，按 要求增加控股股东、独立董事、董事会专门委员会等章节及 完善其他相关内容；公司将不再设置监事会和监事，删除原 《公司章程》第六章监事会整个章节。此外，结合本次《公 司章程》修订，同步修订其附件《股东大会议事规则》（修 订后更名为《股东会议事规则》）《董事会议事规则》及《董 ...

股票代码：000410 股票简称：沈阳机床 公告编号：2025-59 沈阳机床股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日在巨潮资讯网上披露了《2025 年半年度报告》 及其摘要。为便于广大投资者更加全面深入地了解公司经营 业绩、发展战略等情况，公司拟举办 2025 年半年度业绩网上 说明会，与投资者进行沟通和交流，广泛听取投资者的意见 和建议。 一、说明会召开的时间、地点和方式 沈阳机床股份有限公司 关于举办 2025 年半年度业绩网上说明会的公告 本公司及董事会成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈述或 者重大遗漏。 投资者可于2025年9月19日（星期五）16:00-17:00通过 网址https://eseb.cn/1rqaUxvdYDS即可进入参与互动交流。 投资者可于2025年9月19日前进行会前提问，公司将通过本 次业绩说明会，在信息披露允许范围内就投资者普遍关注的 问题进行回答。 特此公告。 沈阳机床股份有限公司董事会 2025年9月12日 1.会议时间：2025年9月19日（星期五）16:00-17:00 2.召开方式：网络互动方式 3. 投 资 ...

股票代码：000410 股票简称：沈阳机床 公告编号：2025-63 沈阳机床股份有限公司 关于召开2025年度第三次临时股东大会的通知 本公司及董事会成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、召开会议基本情况 1.股东大会届次：2025年第三次临时股东大会。 2.召集人：公司董事会。公司于2025年9月12日召开第 十届董事会第二十八次会议，审议通过《关于召开2025年 第三次临时股东大会的议案》。 3.会议召开的合法、合规性：本次股东大会召开符合 有关法律、行政法规、部门规章、规范性文件和公司章程 的要求。 （1）现场会议召开时间2025年9月30日（星期二）14:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行 网 络 投 票 的 具 体 时 间 为 2025 年 9 月 30 日 9:15-9:25 ， 9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投 票系统投票的具体时间为2025年9月30日9:15至2025年9月 30日15:00期间的任意时间。 5.召开方式：本次股东大会采用现场表决与网络投票 相结合的方式召开。公司股东 ...

股票代码：000410 股票简称：沈阳机床 公告编号：2025-61 沈阳机床股份有限公司 第十届监事会第二十一次会议决议公告 本公司及其监事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、监事会会议召开情况 1.本次监事会会议通知于2025年9月5日以电子邮件方 式发出。 《关于废止<监事会议事规则>的议案》 经审核，监事会认为：根据《中华人民共和国公司法》、 中国证券监督管理委员会《关于新<公司法>配套制度规则实 施相关过渡期安排》、《上市公司章程指引》（2025 年修订） 等法律法规及规范性文件的规定，结合公司实际情况，公司 拟不再设置监事会，由董事会审计与风险委员会行使《公司 法》规定的监事会职权。同时，公司《监事会议事规则》相 1 应废止。本次取消监事会事项不会对公司治理、生产经营产 生不利影响。 2.本次监事会于2025年9月12日以现场方式结合视频方 式召开。 3.本次会议应到监事 5 人，实际出席监事 5 人。其中监 事桑会庆现场参会；监事由海燕、吴祥文、鲁忠、张永以视 频形式参会。 4.本次会议由监事会主席由海燕先生主持。 本次监事会的召开符合《中 ...

股票代码：000410 股票简称：沈阳机床 公告编号：2025-60 1.本次董事会会议通知于 2025 年 9 月 5 日以电子邮件 方式发出。 沈阳机床股份有限公司 第十届董事会第二十八次会议决议公告 本公司及董事会成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、董事会会议召开情况 2.本次董事会于 2025 年 9 月 12 日以现场结合视频方式 召开。 3.本次董事会应出席董事 5 人，实际出席 5 人。董事徐 永明现场参会，董事张旭、独立董事哈刚、独立董事王英明、 独立董事袁知柱视频参会。 4.本次董事会由董事徐永明先生主持。 本次董事会的召开符合《中华人民共和国公司法》及《公 司章程》的相关规定。 二、会议审议并通过了如下议案 1.审议通过《关于修订<公司章程>的议案》 具体内容详见公司同日披露的公司章程修订稿全文。 表决结果：同意 5 票；反对 0 票；弃权 0 票。 本议案尚需提交股东大会审议通过。 4.审议通过《关于修订<董事会审计与风险委员会工作 规则>的议案》 表决结果：同意 5 票；反对 0 票；弃权 0 票。 本议案尚需提交股东大会审议通过。 2.审 ...

Core Viewpoint - Shenyang Machine Tool Company has reported a return to profitability in its net profit, but continues to face significant losses in its non-recurring net profit, highlighting ongoing financial struggles despite recent asset restructuring efforts [3][8]. Financial Performance - In the first half of 2025, Shenyang Machine Tool achieved operating revenue of 1.889 billion yuan, a year-on-year increase of 18.19% [3]. - The company reported a net profit attributable to shareholders of 40.35 million yuan, a substantial increase of 182% year-on-year, but the non-recurring net profit remained a loss of 40.09 million yuan, continuing a trend of losses since 2012 [3][4]. - Government subsidies received from 2022 to 2024 amounted to 33 million yuan, 216 million yuan, and 209 million yuan respectively, significantly exceeding the net profit during the same periods [4]. Government Subsidies - Shenyang Machine Tool has received over 700 million yuan in government subsidies from 2019 to 2024, while its non-recurring net profit has accumulated losses exceeding 9 billion yuan during the same timeframe [5]. - A notable government subsidy of 195 million yuan was received on December 27, 2024, which was related to the company's daily operations [4]. Accounts Receivable and Cash Flow - As of mid-2025, the company's accounts receivable stood at 818 million yuan, with over 58.29% being overdue for more than three years [5]. - The net cash flow from operating activities improved by 17.21% year-on-year but remained negative at -108 million yuan, marking two consecutive years of negative cash flow [5]. Industry Context - The machine tool industry is characterized by cyclical trends closely tied to macroeconomic conditions and manufacturing investment cycles, with demand rising during economic booms and declining during recessions [6]. - Shenyang Machine Tool has acknowledged the impact of industry cycles on its performance and is attempting to enhance its research and development efforts [6]. Research and Development - The company increased its R&D investment by over 30% year-on-year to 81.1 million yuan in 2024, with the number of R&D personnel rising to 227 [6]. - However, the number of utility model patents has declined from a peak of 49 in 2021 to only 5 in 2025, indicating a concerning trend in innovation output [6]. Management Compensation - Despite ongoing losses, executive compensation has increased, with the total manager's salary rising from 611,900 yuan in 2022 to 775,800 yuan in 2024, contrasting with the typical linkage of performance and compensation in most listed companies [7]. Asset Restructuring - The company's return to profitability is largely attributed to an asset restructuring in 2025, which included the acquisition of three companies, contributing to a net profit of 798.916 million yuan from these subsidiaries [8]. - The restructuring has raised concerns due to the related-party nature of the transactions and the premium valuations applied to the acquired assets [8][9].

Core Viewpoint - The Chinese government is actively promoting the development of the industrial mother machine sector, aiming to establish a high-quality standard system by 2026 and achieve world-leading standards by 2030 [1][2]. Industry Overview - The industrial mother machine is crucial for high-end manufacturing, influencing precision, efficiency, and safety in production [1]. - China has been the largest producer and consumer of machine tools globally for 15 consecutive years, with the market size expected to grow from 631.36 billion yuan in 2019 to 712.89 billion yuan in 2024, and to exceed 800 billion yuan by 2029 [1]. Policy Support - The Chinese government has implemented various policies to support the high-quality development of the industrial mother machine industry, including the "Industrial Mother Machine+" initiative and financial support for key manufacturing sectors [2]. - Recent activities have focused on promoting domestic substitution and upgrading the industry to meet the demands of emerging sectors such as new energy vehicles and humanoid robots [2]. Company Performance - In the first half of 2025, 21 industrial mother machine concept stocks reported profits exceeding 10 million yuan, with seven companies achieving profits over 100 million yuan [3]. - Notable performers include AVIC High-tech, which reported a revenue of 2.747 billion yuan, a year-on-year increase of 7.87%, and a net profit of 605 million yuan, up 0.24% [3]. - Companies like East China CNC and Qiaofeng Intelligent saw significant net profit growth, exceeding 30% year-on-year [3]. Market Reaction - Following positive news, the industrial mother machine sector saw a surge in stock prices, with companies like Qin Chuan Machine Tool and East China CNC hitting their daily limit up [2]. Institutional Attention - Companies such as AVIC High-tech, Haitan Precision, and Huari Precision are receiving significant institutional attention, indicating strong market interest [5]. - Haitan Precision specializes in CNC machine tool manufacturing and has developed advanced products to address the needs of the new energy vehicle industry [5].

Financial Performance - The company reported a total revenue of 1.889 billion yuan for the first half of 2025, an increase of 18.19% year-on-year [1] - The net profit attributable to shareholders reached 40.35 million yuan, a significant increase of 182.0% compared to the previous year [1] - In Q2 2025, total revenue was 1.517 billion yuan, up 23.53% year-on-year, while net profit for the quarter was 72.16 million yuan, reflecting a staggering increase of 942.0% [1] Key Financial Ratios - Gross margin improved to 15.32%, a year-on-year increase of 27.27% [1] - Net margin turned positive at 2.86%, a remarkable increase of 203.1% from the previous year [1] - The ratio of selling, administrative, and financial expenses to revenue decreased to 10.23%, down 19.03% year-on-year [1] Balance Sheet Highlights - Accounts receivable rose to 818 million yuan, an increase of 88.05% year-on-year [1] - Cash and cash equivalents increased significantly to 1.195 billion yuan, a rise of 499.82% [2] - The company maintained a stable level of interest-bearing debt at 1.041 billion yuan, with a slight increase of 0.32% [1] Cash Flow and Investment - The net cash flow from investing activities decreased by 35.78%, attributed to reduced net inflows from other investment activities [2] - The net cash flow from financing activities saw a drastic decline of 149.6%, due to a reduction in new borrowings [2] - The company’s cash flow situation is under scrutiny, with cash assets being healthy but operating cash flow averages being negative [4] Business Model and Strategy - The company relies heavily on research and marketing for its performance, indicating a need for careful analysis of these driving factors [3] - Recent asset restructuring has been completed, with the acquisition of 100% stakes in certain subsidiaries, which may enhance future growth prospects [4]

格隆汇8月29日丨沈阳机床(000410.SZ)公布2025年半年度报告，上半年公司实现营业收入18.89亿元，同 比增长18.19%；归属于上市公司股东的净利润4034.85万元；归属于上市公司股东的扣除非经常性损益 的净利润-4008.91万元；基本每股收益0.0171元。 ...

Group 1 - The company Shenyang Machine Tool (SZ 000410) held its 13th meeting of the 10th board of directors on August 28, 2025, to review the proposal for adjusting the expected daily related transactions for 2025 [1] - For the first half of 2025, Shenyang Machine Tool's revenue composition was 99.3% from the main machine tool business and 0.7% from machine tool accessories [1]