证券代码：002026 证券简称：山东威达 公告编号：2025-048 山东威达机械股份有限公司 关于首次回购公司股份的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 2、公司以集中竞价交易方式回购股份时，符合下列要求： 1）委托价格不得为公司股票当日交易涨幅限制的价格； 山东威达机械股份有限公司（ 以下简称（ 公司"）于 2025 年 4 月 19 日召开第十届董事会 第二次会议审议通过了（ 关于回购公司股份方案的议案》，公司拟使用自有资金以集中竞价交 易方式回购公司已发行的部分人民币普通股 A 股，拟用于回购的资金总额不低于人民币 3,000.00 万元 含本数）且不超过人民币 6,000.00 万元 含本数），回购价格不超过 17.70 元/股。本次回购股份将用于注销并减少公司注册资本。详细内容请见公司于 2025 年 4 月 22 日刊登在（ 中国证券报》 证券时报》及巨潮资讯网 http://www.cninfo.com.cn 上的（ 关于回购 公司股份方案的公告》。 根据 深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定， ...

证券代码：002026 证券简称：山东威达 公告编号：2025-047 山东威达机械股份有限公司 根据（ 上市公司股份回购规则》 深圳证券交易所上市公司自律监管指引第 9 号——回购 股份》等相关规定，公司应当在回购期间每个月的前三个交易日内披露截至上月末的回购进 展情况。现将公司回购股份进展情况公告如下： 一、回购公司股份的进展情况 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 山东威达机械股份有限公司（ 以下简称（ 公司"）分别于 2025 年 4 月 19 日、2025 年 5 月 20 日召开第十届董事会第二次会议、2024 年度股东大会，审议通过了（ 关于回购公司股份方 案的议案》，同意公司以集中竞价交易方式回购公司已发行的部分人民币普通股 A 股，回购的 资金总额不低于人民币 3,000.00 万元 含本数）且不超过人民币 6,000.00 万元 含本数）， 回购价格不超过 17.70 元/股 含本数）。本次回购股份的实施期限为自股东大会审议通过本 次回购股份方案之日起 12 个月内，回购股份将用于注销并减少公司注册资 ...

证券代码：002026 证券简称：山东威达 公告编号：2025-046 山东威达机械股份有限公司 关于使用闲置自有资金进行委托理财的进展公告 本公司及董事会全体成员保证公告内容真实、准确、完整，不存在虚假记载、误导性陈 述或重大遗漏。 山东威达机械股份有限公司(以下简称"公司")于 2024 年 4 月 20 日召开第九届董事会 第十七次会议，审议通过了《关于使用闲置自有资金进行委托理财的议案》。为充分利用公 司闲置自有资金，公司拟使用不超过人民币 10 亿元的闲置自有资金进行委托理财。在上述额 度内，资金可以滚动使用，且任意时点进行委托理财的总金额（含前述投资的收益进行再投 资的相关金额）不超过 10 亿元，期限为自公司第九届董事会第十七次会议审议通过之日起 12 个月内有效。公司于 2025 年 4 月 19 日召开第十届董事会第二次会议，审议通过了《关于使 用闲置自有资金进行委托理财的议案》。为充分利用公司闲置自有资金，公司拟使用不超过 人民币 15 亿元的闲置自有资金进行委托理财。在上述额度内，资金可以滚动使用，且任意时 点进行委托理财的总金额（含前述投资的收益进行再投资的相关金额）不超过 15 亿元 ...

证券代码：002026 证券简称：山东威达 公告编号：2025-044 山东威达机械股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示 中竞价交易方式回购公司部分发行的人民币普通股（A 股）股票，全部用于注销并减少公司注 册资本。本次用于回购的资金总额不低于人民币 3,000.00 万元（含本数）且不超过人民币 购金额为准。本次回购股份的实施期限为自股东大会审议通过本次回购股份方案之日起 12 个 月内。 截至本公告日，公司董事、监事、高级管理人员，以及控股股东、实际控制人及其一致 行动人在本次回购期间尚无明确的股份减持计划。若未来相关主体有拟实施股份减持计划， 公司将按照相关规定及时履行信息披露义务。 （1）本次回购股份存在回购期限内公司股票价格持续超出回购价格上限，导致回购方案 无法实施或只能部分实施的风险； （2）本次回购股份的资金来源于公司自有资金，如回购股份所需资金未能筹措到位，将 导致回购方案无法实施的风险； （3）本次回购存在因发生对公司股票价格产生重大影响的重大事件，或公司生产经营、 财务状况、外部客观情况发生重大变化， ...

Core Viewpoint - Shandong Weida Machinery Co., Ltd. has approved a share repurchase plan to buy back a portion of its issued A-shares using its own funds, which will be used for cancellation and reduction of registered capital [1][2]. Summary by Sections Share Repurchase Plan - The company will repurchase between 3,389,830 shares, accounting for 0.38% to 0.76% of the total share capital [1]. - The specific number of shares and total amount for the repurchase will be determined based on the actual repurchase at the end of the designated period [1]. Legal and Creditor Notification - Following the completion of the share repurchase and cancellation, the company's registered capital will decrease, necessitating notification to creditors [2]. - Creditors have 30 days from receiving the notice, or 45 days from the announcement date if no notice is received, to claim their debts or request guarantees [2]. - Creditors must submit written requests along with relevant documentation to the company for debt settlement or guarantees [2].

证券代码：002026 证券简称：山东威达 公告编号：2025-044 山东威达机械股份有限公司 回购报告书 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示 1、山东威达机械股份有限公司（以下简称"公司"、"本公司"）拟使用自有资金以集 中竞价交易方式回购公司部分发行的人民币普通股（A 股）股票，全部用于注销并减少公司注 册资本。本次用于回购的资金总额不低于人民币 3,000.00 万元（含本数）且不超过人民币 6,000.00 万元（含本数），回购价格不超过人民币 17.70 元/股（含本数）。按照回购价格上限 17.70 元/股计算，预计回购股份数量 1,694,916 股至 3,389,830 股，占公司目前总股本的 0.38%至 0.76%，具体回购股份的数量和回购金额以回购期限届满时实际回购的股份数量和回 购金额为准。本次回购股份的实施期限为自股东大会审议通过本次回购股份方案之日起 12 个 月内。 4、相关股东减持计划 截至本公告日，公司董事、监事、高级管理人员，以及控股股东、实际控制人及其一致 行动人在本次回购期间尚无明确的股份减持 ...

证券代码：002026 证券简称：山东威达 公告编号：2025-045 山东威达机械股份有限公司 关于注销回购股份减少注册资本暨通知债权人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 债权人可采用现场、邮寄或电子邮件方式进行申报，具体方式如下： 1、申报时间 2025 年 5 月 27 日起 45 日内（工作日 9:30-11:30、13:30-17:00） 3、联系方式 联系电话：0631-8549156 山东威达机械股份有限公司（以下简称"公司"）分别于 2025 年 4 月 19 日、2025 年 5 月 20 日召开了第十届董事会第二次会议、2024 年度股东大会，审议通过了《关于公司回购股 份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购公司部分发行的人民币普通 股（A 股）股票，全部用于注销并减少公司注册资本。本次用于回购的资金总额不低于人民币 3,000.00 万元（含本数）且不超过人民币 6,000.00 万元（含本数），回购价格不超过人民币 17.70 元/股（含本数）。按照回购价格上限 17.70 元/股计算，预计回购股 ...

Investment Rating - The report gives the company an "Outperform" rating for the first time, with a reasonable valuation range of 13.60 to 15.10 CNY, indicating a potential upside of 15% to 27% compared to the current stock price of 11.85 CNY [5][3][4]. Core Insights - The company is a leading player in the electric tool accessory market and is accelerating its expansion into the new energy and high-end equipment sectors. In 2024, the company is expected to achieve a net profit of 300 million CNY, a year-on-year increase of 80%, despite a 6% decline in revenue to 2.221 billion CNY [1][8][24]. - The electric tool market is recovering, with the company's electric tool accessory business revenue expected to grow by 30% year-on-year to 1.138 billion CNY in 2024, accounting for 51% of total revenue [2][31]. - The new energy business is actively developing battery packs and battery swap stations, with revenue projected to be 809 million CNY in 2024, a decrease of 33% year-on-year, representing 36% of total revenue [2][52]. - The high-end equipment manufacturing business is steadily progressing, with revenue expected to be 201 million CNY in 2024, a decline of 8%, making up 9% of total revenue [3][67]. Summary by Sections Financial Performance - In 2024, the company is projected to achieve total revenue of 2.221 billion CNY, a decrease of 6% year-on-year, and a net profit of 300 million CNY, an increase of 80% year-on-year. The gross margin is expected to be 25.89%, up 6.91 percentage points year-on-year, and the net margin is expected to be 13.63%, up 6.03 percentage points year-on-year [1][8][24]. - For Q1 2025, the company is expected to report revenue of 440 million CNY, a decrease of 10% year-on-year, and a net profit of 59 million CNY, an increase of 1% year-on-year [1][8]. Business Segments - **Electric Tool Accessories**: Revenue is expected to reach 1.138 billion CNY in 2024, a year-on-year increase of 30%, with a gross margin of 23.61% [2][31]. - **New Energy**: Revenue is projected to be 809 million CNY in 2024, a decrease of 33%, with a gross margin of 32.08% [2][52]. - **High-end Equipment Manufacturing**: Expected revenue is 201 million CNY in 2024, a decline of 8%, with a gross margin of 15.71% [3][67]. Market Trends - The global electric tool market is expected to recover, with a projected 25% year-on-year increase in shipments in 2024, driven by a recovery in demand in North America and Europe [43][44]. - The company has established a strong position in the electric tool chuck market, holding nearly 50% of the global market share [1][14]. Future Outlook - The company anticipates continued growth in its electric tool accessory business, with projected revenues of 1.28 billion CNY in 2025, 1.38 billion CNY in 2026, and 1.48 billion CNY in 2027 [76]. - The new energy business is expected to grow steadily, with projected revenues of 950 million CNY in 2025, 1.05 billion CNY in 2026, and 1.15 billion CNY in 2027 [77].

Core Viewpoint - The company achieved a net profit of 300 million yuan in 2024, representing an 80% year-on-year increase, despite a 6% decline in revenue to 2.221 billion yuan [1] Group 1: Financial Performance - In 2024, the company reported a revenue of 2.221 billion yuan, down 6% year-on-year, with a net profit of 300 million yuan, up 80% year-on-year [1] - The gross margin was 25.89%, an increase of 6.91 percentage points year-on-year, while the net margin was 13.63%, up 6.03 percentage points year-on-year [1] - In Q1 2025, the company generated revenue of 440 million yuan, a 10% decline year-on-year, with a net profit of 59 million yuan, a 1% increase year-on-year [1] Group 2: Business Segments - The company is a leading global player in electric tool chucks, with a market share of nearly 50%, and has expanded its business into high-end precision machine tools and smart manufacturing solutions [1] - In 2024, the electric tool accessories business generated revenue of 1.138 billion yuan, a 30% increase year-on-year, accounting for 51% of total revenue [2] - The company has established subsidiaries in Vietnam and Mexico to enhance overseas customer service and order acquisition capabilities [2] Group 3: New Energy and High-end Equipment - The new energy business generated revenue of 809 million yuan in 2024, a 33% decline year-on-year, making up 36% of total revenue [2] - The company is actively developing battery packs and battery swap stations, leveraging existing customer advantages in the cordless and lithium battery trends [2] - The high-end equipment manufacturing business reported revenue of 201 million yuan in 2024, an 8% decline year-on-year, representing 9% of total revenue [3] - The company’s subsidiary, Jinan Yijian, is recognized as a model enterprise in the machine tool industry, focusing on hub machine tools and automation production lines [3]

Investment Rating - The report gives an "Outperform" rating for the company [5] Core Views - The company is a leader in electric tool accessories and is accelerating its layout in the new energy and high-end equipment sectors [1][14] - The electric tool market demand is recovering, leading to significant improvements in the company's electric tool accessory business revenue and profitability [2][8] - The company is actively expanding its battery pack and battery swap station businesses in the new energy sector [2][52] - The high-end equipment manufacturing business is developing steadily, with the company moving towards becoming an integrated solution provider [3][71] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 2.22 billion yuan, a year-on-year decrease of 6%, and a net profit attributable to shareholders of 300 million yuan, a year-on-year increase of 80% [1][24] - The gross margin was 25.89%, up 6.91 percentage points year-on-year, and the net margin was 13.63%, up 6.03 percentage points year-on-year [1][24] - For Q1 2025, the company reported a revenue of 440 million yuan, a year-on-year decrease of 10%, and a net profit of 59 million yuan, a year-on-year increase of 1% [1][8] Business Segments - Electric Tool Accessories: In 2024, revenue was 1.14 billion yuan, a year-on-year increase of 30%, accounting for 51% of total revenue [2][31] - New Energy: Revenue was 809 million yuan, a year-on-year decrease of 33%, accounting for 36% of total revenue [2][31] - High-end Equipment Manufacturing: Revenue was 201 million yuan, a year-on-year decrease of 8%, accounting for 9% of total revenue [3][31] Market Trends - The global electric tool market is expected to grow, with a projected shipment of 570 million units in 2024, a year-on-year increase of 25% [43][46] - The company has established a strong position in the electric tool chuck market, holding nearly 50% of the global market share [1][14] - The trend towards cordless and lithium battery-powered electric tools is driving demand for battery packs and related products [52][54] Future Outlook - The company is expected to achieve a revenue of 2.54 billion yuan in 2025, with a projected net profit of 337 million yuan, reflecting a year-on-year growth of 12% [4][80] - The estimated reasonable stock value is between 13.60 and 15.10 yuan, indicating a potential upside of 15% to 27% from the current stock price [5][80]