Market Overview - The machinery sector experienced a slight decline of 0.04% on the previous trading day, with China Electric Motor leading the losses [1] - The Shanghai Composite Index closed at 4102.2, up by 0.85%, while the Shenzhen Component Index closed at 14156.27, up by 0.21% [1] Stock Performance - Key stocks in the machinery sector showed varied performance, with Jiadian Co. rising by 3.37% to a closing price of 14.74, and China Electric Motor falling by 3.32% to 30.54 [1][2] - The trading volume and turnover for notable stocks included: - Jiadian Co.: 155,500 shares, turnover of 228 million yuan - Zhaowei Electromechanical: 84,300 shares, turnover of 1.038 billion yuan - China Electric Motor: 153,000 shares, turnover of 479 million yuan [1][2] Capital Flow - The machinery sector saw a net outflow of 154 million yuan from institutional investors, while retail investors contributed a net inflow of 57.18 million yuan [2] - Notable capital flows for specific stocks included: - Zhaowei Electromechanical: net inflow of 1.21 billion yuan from institutional investors - China Electric Motor: net outflow of 39.74 million yuan from institutional investors [3]

Core Viewpoint - The company forecasts a net profit of 18 million to 27 million yuan for the fiscal year 2025, a significant improvement compared to a loss of 28.34 million yuan in the same period last year [1] Financial Performance - The net profit attributable to shareholders is projected to be between 18 million and 27 million yuan, while the net profit after deducting non-recurring gains and losses is expected to be between 17 million and 25 million yuan, compared to a loss of 38.66 million yuan in the previous year [1] - Basic earnings per share are estimated to be between 0.0363 yuan and 0.0544 yuan [1] Revenue and Market Dynamics - The overall operating revenue is expected to increase compared to the same period last year, driven by an increase in production projects and demand from downstream customers [1] - Despite intense market competition leading to a decline in sales prices for some products, the company's optimization of customer and product structure, along with various cost-reduction measures, has helped maintain the overall sales gross margin at a level comparable to last year [1] Investment Gains - Significant growth in the performance of affiliated companies has contributed to a year-on-year increase in investment income [1]

Core Viewpoint - The company has announced the provision for asset impairment and the disposal of certain assets, reflecting a total loss of 23.04 million yuan, which is expected to impact the pre-tax profit for the year 2025 by the same amount [4][5][6]. Asset Impairment Provision - The company has recognized a credit impairment loss of 2.28 million yuan, which accounts for 0.224% of the original value of accounts receivable at the end of the period [1]. - A provision for inventory impairment of 13.19 million yuan has been made, representing 3.004% of the original value of inventory at the end of the period [2]. Fixed Asset Disposal - The company has incurred a loss of 7.57 million yuan from the modification, scrapping, and disposal of certain fixed assets, which is 0.414% of the original value of fixed assets at the end of the period [3]. Impact on Financials - The total impact of the credit impairment loss, asset impairment loss, and fixed asset disposal is estimated to be 23.04 million yuan, which will affect the company's pre-tax profit for 2025 [4]. Board of Directors' Statement - The Board of Directors believes that the provisions and disposals are in accordance with accounting standards and reflect the company's actual financial situation, ensuring that the accounting information is reliable and reasonable [5][6].

Market Overview - The electric motor sector experienced a decline of 2.71% compared to the previous trading day, with Fangzheng Electric leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable stock performances in the electric motor sector include: - Huari Co., Ltd. (300626) closed at 19.37, up 2.27% with a trading volume of 104,500 shares and a transaction value of 201 million yuan [1] - Fangzheng Electric (002196) closed at 16.48, down 9.70% with a trading volume of 1,023,300 shares and a transaction value of 1.751 billion yuan [2] - Other companies like Ananda (603350) and Kangping Technology (300907) also saw declines of 1.31% and 1.21% respectively [1][2] Capital Flow - The electric motor sector saw a net outflow of 1.141 billion yuan from major funds, while retail investors contributed a net inflow of 966 million yuan [2] - The capital flow for specific stocks indicates: - Yifan Transmission (301023) had a net inflow of 8.6949 million yuan from major funds but a net outflow of 852.42 million yuan from retail investors [3] - Jiadian Co., Ltd. (000922) experienced a net inflow of 5.5581 million yuan from major funds [3]

Core Viewpoint - The company, Fangzheng Electric, anticipates a significant increase in net profit for the year 2025, driven by increased demand and production from downstream clients [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 18 million and 27 million yuan, representing a year-on-year increase of 163.50% to 195.25% [1] - The net profit after deducting non-recurring gains and losses is forecasted to be between 17 million and 25 million yuan, indicating a year-on-year growth of 143.97% to 164.66% [1] Revenue Drivers - The increase in overall operating revenue compared to the previous year is attributed to the rise in production projects and demand from downstream clients [1] - Despite intense market competition and a decline in sales prices for some products, the company's gross profit margin has remained stable due to optimization of customer and product structure, along with cost reduction measures [1] Investment Gains - The significant growth in the performance of affiliated companies has contributed to an increase in investment income year-on-year [1]

Core Viewpoint - The company expects a significant turnaround in net profit for the fiscal year 2025, projecting a profit of 18 million to 27 million yuan compared to a loss of 28.34 million yuan in the previous year [1] Financial Performance - Projected operating revenue for 2025 is estimated to be between 2.86 billion and 2.9 billion yuan, an increase from 2.474 billion yuan in the same period last year [1] - The overall increase in operating revenue is attributed to the rise in production projects from downstream customers and increased demand [1] Market Conditions - Despite intense market competition and a decline in sales prices for some products, the company has managed to maintain its overall gross profit margin at a level comparable to the previous year [1] - The optimization of customer and product structure, along with the implementation of various cost-reduction measures, has contributed to this stability in gross profit margin [1] Investment Income - Significant growth in the performance of joint ventures has led to a year-on-year increase in investment income [1]

证券代码：002196 证券简称： 方正电机 公告编号： 2026-002 浙江方正电机股份有限公司关于 计提资产减值准备及部分资产处置的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公 告中的虚假记载、误导性陈述或者重大遗漏承担责任。 浙江方正电机股份有限公司（以下简称"方正电机"、"公司")于 2026 年1 月 28日召开第八届董事会第三十次会议，审议通过了《关于计提资产减值准备及 部分资产处置的议案》，现将相关事项公告如下： 根据《企业会计准则》《深圳证券交易所股票上市规则》等相关规定，为 了更真实、准确、客观地反映公司的财务状况及2025 年度经营成果，公司及子 公司2025年末对存在减值迹象的资产进行了减值测试，并根据测试结果计提信 用减值损失227.77万元；对存在减值迹象的存货计提减值准备1,318.92万元；因 新项目获取、现有项目变更及终止等，对部分设备进行改造、报废、处置共计损 失756.89万元。 一、本次计提资产减值准备情况 1、 信用减值损失计提情况 根据《企业会计准则第22号一金融工具确认和计量》相关规定，公司以预 期信用损失为基础，对应收票据、应收账款、其他应收 ...

浙江方正电机股份有限公司 第八届董事会第三十次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公 告中的虚假记载、误导性陈述或者重大遗漏承担责任。 浙江方正电机股份有限公司（以下简称"公司"）第八届董事会第三十次会 议通知于 2026 年 1 月 22 日以邮件、传真或专人送达形式发出，会议于 2026 年 1 月 28 日以现场与通讯相结合的方式在方正电机会议室召开。会议应到董事 9 人，实到董事 9 人。本次会议的召开符合《公司法》及《公司章程》的规定，会 议决议合法有效。会议由董事长翁伟文先生主持，经与会董事充分讨论，表决通 过如下事项： 证券代码：002196 证券简称：方正电机 公告编号：2026-003 一、审议通过了《关于计提资产减值准备及部分资产处置的议案》 《关于计提资产减值准备及部分资产处置的公告》（公告号：2026-002）详 见披露媒体《证券时报》、《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）。 本议案表决结果：9 票同意，0 票弃权，0 票反对。 特此公告。 浙江方正电机股份有限公司董事会 2026 年 1 月 29 日 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders of 18 million to 27 million yuan for 2025, representing a growth of 163.50% to 195.25% compared to a loss of 28.34 million yuan in the same period last year[2]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 17 million and 25 million yuan, an increase of 143.97% to 164.66% from a loss of 38.66 million yuan year-on-year[2]. - Basic earnings per share are anticipated to be between 0.0363 yuan and 0.0544 yuan, recovering from a loss of 0.0570 yuan per share in the previous year[2]. Revenue Projections - The company's operating revenue is forecasted to be between 2.9 billion and 2.96 billion yuan, up from 2.47 billion yuan in the same period last year[2]. - The adjusted operating revenue, after excluding non-core business income, is expected to be between 2.8 billion and 2.86 billion yuan, compared to 2.42 billion yuan last year[2]. - The increase in overall operating revenue is attributed to the rise in production projects and demand from downstream customers, despite intense market competition[4]. Operational Efficiency - The company has optimized its customer and product structure and implemented cost-reduction measures, maintaining overall gross profit margins compared to the previous year[4]. - Significant growth in the performance of affiliated companies has contributed to an increase in investment income year-on-year[4]. Audit and Reporting - The earnings forecast has not been audited by the accounting firm, but preliminary discussions have indicated no major discrepancies[3]. - Detailed financial data will be disclosed in the company's 2025 annual report[5].

Market Overview - The electric motor sector experienced a decline of 1.21% on the previous trading day, with Huayang Intelligent leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up by 0.27%, while the Shenzhen Component Index closed at 14342.9, up by 0.09% [1] Stock Performance - Notable gainers in the electric motor sector included: - China Electric Motor (603988) with a closing price of 38.13, up by 10.01% and a trading volume of 151,300 shares, totaling 567 million yuan [1] - Fangzheng Electric (002196) closed at 18.25, up by 4.95% with a trading volume of 1,320,200 shares, totaling 2.327 billion yuan [1] - Conversely, significant decliners included: - Huayang Intelligent (301502) which closed at 44.79, down by 5.61% with a trading volume of 22,100 shares, totaling 101 million yuan [2] - Yifan Transmission (301023) closed at 48.39, down by 4.25% with a trading volume of 59,000 shares, totaling 288 million yuan [2] Capital Flow - The electric motor sector saw a net outflow of 671 million yuan from major funds, while retail investors contributed a net inflow of 605 million yuan [2] - The detailed capital flow for selected stocks showed: - China Electric Motor had a net inflow of 41.27 million yuan from major funds, while retail investors had a net outflow of 8.35 million yuan [3] - Fangzheng Electric experienced a net inflow of 25.17 million yuan from major funds, with a net outflow of 1.65 million yuan from retail investors [3]