金融界消息 截至2025年8月8日收盘，山东威达（002026）报收于13.27元，下跌0.97%，换手率5.64%， 成交量23.85万手，成交金额3.18亿元。 天眼查商业履历信息显示，山东威达机械股份有限公司，成立于1998年，位于威海市，是一家以从事金 属制品业为主的企业。企业注册资本44570.3339万人民币，实缴资本44570.33万人民币。公司法定代表 人为杨明燕。 通过天眼查大数据分析，山东威达机械股份有限公司共对外投资了16家企业，参与招投标项目17次，知 识产权方面有商标信息55条，专利信息337条，此外企业还拥有行政许可10个。 来源：金融界 资金流向方面，今日主力资金净流出2987.33万元，占比成交额9.4%。其中，超大单净流出2743.67万 元、占成交额8.64%，大单净流出243.66万元、占成交额0.77%，中单净流出流入715.10万元、占成交额 2.25%，小单净流入2272.24万元、占成交额7.15%。 山东威达最新一期业绩显示，截至2025一季报，公司营业总收入4.40亿元、同比减少9.96%，归属净利 润5924.68万元，同比增长1.03%，扣非净利润5066 ...

天眼查商业履历信息显示，山东威达机械股份有限公司，成立于1998年，位于威海市，是一家以从事金 属制品业为主的企业。企业注册资本44570.3339万人民币，实缴资本44570.33万人民币。公司法定代表 人为杨明燕。 通过天眼查大数据分析，山东威达机械股份有限公司共对外投资了16家企业，参与招投标项目17次，知 识产权方面有商标信息55条，专利信息336条，此外企业还拥有行政许可10个。 来源：金融界 金融界消息 截至2025年8月4日收盘，山东威达（002026）报收于13.53元，上涨10.0%，换手率 14.74%，成交量62.35万手，成交金额8.22亿元。 资金流向方面，今日主力资金净流入1.54亿元，占比成交额18.72%。其中，超大单净流入1.84亿元、占 成交额22.41%，大单净流出3034.37万元、占成交额3.69%，中单净流出流出8358.60万元、占成交额 10.17%，小单净流出7018.29万元、占成交额8.54%。 山东威达最新一期业绩显示，截至2025一季报，公司营业总收入4.40亿元、同比减少9.96%，归属净利 润5924.68万元，同比增长1.03%，扣非净利润506 ...

Investment Rating - The report assigns a "Buy" rating for the company [6] Core Viewpoints - The company is a leading enterprise in electric tool accessories with a diversified business layout that opens up growth space [4][6] - The global electric tool market is expected to recover, driving the development of components, with a projected 24.8% year-on-year increase in shipment volume in 2024 [4][41] - The company has established overseas subsidiaries in Vietnam, Mexico, and Singapore, enhancing its brand influence and facilitating the acquisition of overseas orders [4][49] Summary by Sections Company Overview - The company, originally established in 1976, has transformed from a cement product factory to a leading precision machinery manufacturer, particularly in the drill chuck business, which has maintained a global market share of approximately 50% for 24 consecutive years [13][14] - The company has diversified its product offerings to include electric tool accessories, high-end intelligent equipment manufacturing, and new energy solutions [16][19] Electric Tools Market - The electric tools market is anticipated to rebound after two years of decline, with a significant recovery expected in 2024, driven by urbanization and consumption upgrades [39][41] - The company is positioned as a core component supplier for major global brands, with products exported to over 80 countries [48] New Energy and High-end Intelligent Manufacturing - The new energy business focuses on lithium battery packs and has expanded into various applications, including outdoor energy storage and electric vehicle battery swap stations in collaboration with NIO [51][52] - The high-end intelligent manufacturing segment includes advanced machine tools and automation solutions, with successful overseas sales of five-axis machining centers [56][57] Financial Projections - The company is projected to achieve revenues of 25.59 billion, 29.00 billion, and 32.16 billion yuan for the years 2025 to 2027, with corresponding net profits of 3.22 billion, 3.65 billion, and 3.99 billion yuan [60]

Group 1 - The core viewpoint of the report is that Huazhong Securities has given a "buy" rating for Shandong Weida (002026.SZ) based on its leading position in the drill chuck business and diversified industry layout [2] - The global market for power tools is expected to recover, which will drive the development of components [2] - The company is expanding its business layout to create new business segments in renewable energy and high-end intelligent manufacturing [2]

证券日报网讯山东威达（002026）8月1日在互动平台回答投资者提问时表示，公司PCB控制器分为有刷 和无刷控制器，主要应用在交直流电动工具、园林工具、小家电、电动玩具车、电动老年代步车、小型 山地车和皮卡车等方面。 ...

Core Viewpoint - Shandong Weida, a leading manufacturer of precision drill chucks, holds over 50% of the global market share but faces a significant valuation gap in the capital market, reflected in its low price-to-earnings ratio of 17.89, which is less than a quarter of the industry average [1][2] Group 1: Company Performance - Shandong Weida has maintained its position as the world's largest producer of drill chucks for 24 consecutive years, with a customer network spanning over 80 countries and recognized as a "single champion" in manufacturing by the Ministry of Industry and Information Technology [1] - The company reported a gross margin increase to 24.48% in Q1 2025, with a net profit growth of 1.03% year-on-year, amounting to 59.25 million yuan [1] - However, the company's revenue declined by 9.96% year-on-year in Q1 2025, primarily due to cyclical adjustments in the traditional power tool accessories business [2] Group 2: Market Sentiment and Institutional Holdings - Despite strong operational metrics, the capital market has reacted negatively, with institutional holdings dropping dramatically from 163 million shares in the 2024 report to 9.3 million shares in the Q1 2025 report, a decrease of 94% [1] - The low market valuation and reduced institutional interest reflect skepticism regarding the company's ability to navigate its transformation phase successfully [1][2] Group 3: Strategic Adjustments - In response to market challenges, Shandong Weida is actively pursuing new growth areas, including a partnership with NIO in the new energy battery swap sector, with plans to cover over 2,300 county-level administrative regions in China [2] - The company is also investing 56 million yuan in collaboration with German firm Rem to develop precision chucks and hydraulic cylinder production lines, achieving an automation rate of 80% in the new project [2] - However, the transition has led to a 68.73% year-on-year increase in financial expenses, indicating short-term performance pressures [2]

Group 1 - The company, Shandong Weida, has two types of PCB controllers: brushed and brushless [2] - The main applications of these PCB controllers include DC and AC electric tools, gardening tools, small household appliances, electric toy cars, electric mobility scooters for the elderly, small mountain bikes, and pickup trucks [2]

Core Insights - Shandong Weida Machinery Co., Ltd. has transformed from a struggling local enterprise to a global leader in the drill chuck market, holding the number one position in production and sales for 24 consecutive years [1][2][8] - The company has focused on the production of drill chucks, which are essential components in the electric tool and machine tool industries, and has become one of the three major manufacturers globally [2][4] - Weida's journey began in the 1980s as a small town enterprise with limited resources, evolving through strategic investments and technological advancements to dominate the market [2][5][6] Company Development - The turning point for Weida came in 1987 when the company decided to produce drill chucks domestically due to high import costs, marking the start of its focus on this product line [4][6] - Initial challenges included market rejection and industry downturns, prompting Weida to recognize the need for large-scale production to compete effectively [4][5] - By 1990, Weida had successfully increased its production capacity from 20,000 to 70,000 drill chucks annually through strategic investments and support from local government [6][7] Technological Advancements - Weida has consistently prioritized technological innovation, achieving significant breakthroughs in high-end drill chuck production, which was previously dominated by Western companies [7][8] - The company has developed over 1,000 specifications of drill chucks and holds more than 150 patents, capturing approximately 50% of the global market share [8][9] - Automation and smart manufacturing have drastically improved production efficiency, reducing labor costs while increasing output and precision [9][10] Future Outlook - The new generation of leadership at Weida is committed to continuous improvement and innovation, investing over 5% of annual sales into research and development [12] - The company aims to advance into more sophisticated and intelligent tool clamping systems, with ongoing projects focused on developing self-adjusting drill chucks [12]

Core Viewpoint - Shandong Weida Machinery Co., Ltd. has completed the repurchase and cancellation of shares, resulting in a reduction of total share capital and an increase in the controlling shareholder's ownership percentage without altering the company's governance structure or operational continuity [1][4]. Summary by Sections Share Repurchase and Cancellation - The company repurchased 5,171,400 shares, accounting for 1.16% of the total share capital, at an average price of 11.60 RMB per share, totaling approximately 59.99 million RMB [2][4]. - Following the cancellation of these shares, the total share capital decreased from 445,703,339 shares to 440,531,939 shares [2][4]. Changes in Shareholding Structure - The controlling shareholder, Weida Group, saw its ownership percentage increase from 35.97% to 36.40% due to the reduction in total share capital, despite holding the same number of shares [4][5]. - The share structure post-cancellation is as follows: - Restricted shares: 17,538,190 shares (3.98%) - Unrestricted shares: 422,993,749 shares (96.02%) [2][4]. Impact on Company - The share repurchase and cancellation are in compliance with relevant regulations and are expected to enhance the company's earnings per share without negatively impacting its operations, finances, or future development [4][5]. - The company will proceed with necessary amendments to its articles of association and complete relevant registration and disclosure obligations following the share cancellation [4][5].

Core Viewpoint - Shandong Weida Machinery Co., Ltd. has announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.80 yuan per 10 shares for all shareholders, with no stock dividends or capital reserve conversions [1][2]. Summary by Sections Profit Distribution Plan - The company plans to distribute a cash dividend of 0.80 yuan per 10 shares (tax included) to all shareholders based on the total share capital on the record date for the distribution [1]. - The remaining undistributed profits will be carried forward to the next fiscal year [1]. Share Buyback and Capital Changes - The company has repurchased 5,171,400 shares, reducing the total share capital from 445,703,339 shares to a new total, which will be adjusted according to the distribution ratio if there are changes in share capital due to buybacks or other reasons [1]. Dividend Taxation - Different tax rates will apply for individual shareholders based on their holding periods, with a 10% tax for Hong Kong investors on fund shares and a differentiated tax rate for mainland investors [1][2]. Key Dates - The record date for the distribution is set for July 15, 2025, and the ex-dividend date is July 16, 2025 [2]. Distribution Method - Cash dividends will be directly credited to the shareholders' accounts through their securities companies or other custodians [2]. Consultation Information - Shareholders can contact the company's securities department for inquiries regarding the distribution [2].