Market Performance - The electric motor sector increased by 0.82% compared to the previous trading day, with Tongda Power leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Key stocks in the electric motor sector showed varied performance, with Tongda Power closing at 18.82, up 2.17%, and Xiangdian Co. closing at 16.66, up 2.08% [1] - Other notable performers included Wolong Electric Drive at 33.89, up 1.99%, and Dayang Electric at 8.40, up 1.57% [1] Trading Volume and Value - The trading volume and value for Tongda Power reached 115,600 hands and 214 million yuan, respectively [1] - Wolong Electric Drive had a trading volume of 1,676,900 hands and a trading value of 5.596 billion yuan [1] Capital Flow - The electric motor sector experienced a net outflow of 733 million yuan from institutional investors, while retail investors saw a net inflow of 605 million yuan [2] - Speculative funds had a net inflow of 128 million yuan into the sector [2] Individual Stock Capital Flow - Wolong Electric Drive had a net outflow of 29.68 million yuan from institutional investors, while retail investors contributed a net inflow of 2.29 million yuan [3] - Huayang Intelligent saw a net inflow of 1.05 million yuan from institutional investors, with retail investors contributing a net inflow of 518.74 million yuan [3]

Market Overview - The electric motor sector increased by 2.46% compared to the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] Top Performers - Kangping Technology (300907) closed at 42.88, up 12.37% with a trading volume of 173,500 shares and a transaction value of 723 million yuan [1] - Jiangsu Yinli (300660) closed at 54.30, up 8.08% with a trading volume of 381,000 shares and a transaction value of 2 billion yuan [1] - Xiangdian Co. (600416) closed at 16.49, up 5.64% with a trading volume of 947,200 shares and a transaction value of 1.52 billion yuan [1] Underperformers - Ocean Motor (002249) closed at 8.12, down 3.10% with a trading volume of 2,096,300 shares [2] - Jiangte Motor (002176) closed at 9.28, down 2.11% with a trading volume of 146,710 shares [2] - Ananda (603350) closed at 42.51, down 1.94% with a trading volume of 65,000 shares [2] Fund Flow Analysis - The electric motor sector experienced a net outflow of 294 million yuan from institutional investors, while retail investors saw a net inflow of 208 million yuan [2] - The top net inflows from retail investors were observed in Kangping Technology and Jiangnan Yifan, while significant outflows were noted in Ocean Motor and Jiangsu Leili [3] Individual Stock Fund Flow - Kangping Technology had a net inflow of 42.06 million yuan from institutional investors, while retail investors had a net outflow of 66.55 million yuan [3] - Jiangsu Leili saw a net inflow of 71.27 million yuan from institutional investors, with retail investors experiencing a net outflow of 24.54 million yuan [3] - Xiangdian Co. had a net inflow of 18.2 million yuan from institutional investors, while retail investors had a net outflow of 13.3 million yuan [3]

Market Overview - The electric motor sector increased by 1.06% on the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Top Gainers - Kangping Technology (300907) closed at 36.51, up 11.82% with a trading volume of 138,100 shares and a transaction value of 493 million [1] - Ananda (603350) closed at 43.87, up 10.01% with a trading volume of 74,700 shares and a transaction value of 319 million [1] - Wolong Electric Drive (600580) closed at 27.62, up 10.00% with a trading volume of 2,700,900 shares and a transaction value of 7.076 billion [1] Top Losers - Jiangte Motor (002176) closed at 9.18, down 5.75% with a trading volume of 2,561,700 shares and a transaction value of 241.67 million [2] - Xiangdian Co. (600416) closed at 13.69, down 5.33% with a trading volume of 515,500 shares and a transaction value of 720 million [2] - Huarui Co. (300626) closed at 11.48, down 3.69% with a trading volume of 61,400 shares and a transaction value of 7.149 million [2] Capital Flow - The electric motor sector saw a net inflow of 373 million from institutional investors, while retail investors experienced a net inflow of 42.53 million [2] - Major stocks like Wolong Electric Drive had a net inflow of 846 million from institutional investors, while Ananda saw a net outflow of 65.74 million from retail investors [3] Individual Stock Performance - Kangping Technology had a net inflow of 41.50 million from institutional investors, while it faced a net outflow of 63.37 million from retail investors [3] - Wolong Electric Drive had a significant net inflow of 846 million from institutional investors, indicating strong institutional interest [3]

Market Performance - The electric motor sector increased by 3.52% compared to the previous trading day, with Wolong Electric Drive leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Stock Performance - Wolong Electric Drive (600580) closed at 24.94, up 6.67% with a trading volume of 2.0173 million shares and a transaction value of 493 million [1] - Other notable performers include: - Zhaowei Electromechanical (003021) at 121.91, up 5.39% [1] - Jiangnan Yifan (301023) at 45.76, up 4.67% [1] - Mingzhi Electric (603728) at 62.75, up 3.93% [1] - Ocean Electric (002249) at 6.98, up 3.71% [1] Capital Flow - The electric motor sector saw a net inflow of 755 million from main funds, while retail investors experienced a net outflow of 481 million [1] - Specific stock capital flows include: - Wolong Electric Drive had a main fund net inflow of 323 million, with retail outflows of 283 million [2] - Zhaowei Electromechanical had a main fund net inflow of 171 million, with retail outflows of 9169 million [2] - Xiangdian Co. (600416) had a main fund net inflow of 76 million, with retail outflows of 5080 million [2]

证券代码：002196 证券简称：方正电机 公告编号：2025-039 浙江方正电机股份有限公司 关于董事辞职的公告 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。 根据《公司法》、《公司章程》等有关规定，陈海丽女士的辞职未导致公 司董事会成员低于法定人数，不会影响公司董事会的正常运行，其书面辞呈自 送达公司董事会时生效。公司将根据有关规定尽快完成董事的补选工作，并及 时履行信息披露义务。同时，公司及董事会对陈海丽女士任职期间对公司做出 的贡献表示衷心的感谢！ 特此公告。 浙江方正电机股份有限公司董事会 2025 年 7 月 23 日 浙江方正电机股份有限公司（以下简称"公司"）董事会近日收到第八届董 事会董事、审计委员会委员陈海丽女士的书面辞职报告，因个人原因，陈海丽女 士申请辞去公司第八届董事会非独立董事及审计委员会委员的职务。辞去相应职 务后，陈海丽女士不再担任公司及子公司任何职务。截至本公告披露日，陈海丽 女士未持有本公司股票。 ...

Zhejiang Founder Motor Co., Ltd. 2025 H1 Earnings Forecast [H1 2025 Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a shift from profit to loss in H1 2025 despite projected revenue growth 2025 H1 Earnings Forecast Core Metrics | Item | Current Period (2025 H1) | Prior Year Period (2024 H1) | YoY Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** (CNY million) | Loss: 5.00 – 7.50 | Profit: 0.84 | Decrease: 691.93% – 987.89% | | **Net Profit Excl. Non-recurring Items** (CNY million) | Loss: 8.00 – 13.00 | Loss: 2.78 | Decrease: 188.13% – 368.22% | | **Basic Earnings Per Share** (CNY/share) | Loss: 0.0101 – 0.0151 | Profit: 0.0017 | - | | **Operating Revenue** (CNY billion) | 1.25 - 1.30 | 1.17 | Growth | | **Operating Revenue After Deductions** (CNY billion) | 1.20 - 1.25 | 1.10 | Growth | [Communication with the Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company confirms that the financial data in this earnings forecast has not been audited - The financial data in this earnings forecast is **unaudited** by an accounting firm[3](index=3&type=chunk) [Explanation of Performance Changes](index=2&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Performance declined due to lower gross margins and higher period expenses despite revenue growth - Although operating revenue grew due to increased customer demand, a decline in selling prices for certain products led to a **lower overall gross profit margin**[4](index=4&type=chunk) - Period expenses, including business taxes, administrative expenses, and R&D expenses, **increased year-over-year** due to business expansion and continuous R&D investment[4](index=4&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises that these preliminary figures are subject to change in the final report - The forecast data is preliminary; final financial figures will be based on the **official 2025 semi-annual report**, and investors should be mindful of investment risks[5](index=5&type=chunk)

Group 1 - The company, Fangzheng Electric (002196), expects a net profit loss attributable to shareholders of 5 million to 7.5 million yuan for the period from January 1, 2025, to June 30, 2025, representing a year-on-year decline of 691.93% to 987.89% [1] - The net profit loss after deducting non-recurring gains and losses is projected to be between 8 million and 13 million yuan, reflecting a year-on-year decrease of 188.13% to 368.22% [1] - The basic earnings per share are anticipated to be a loss of 0.0101 yuan to 0.0151 yuan per share [1] Group 2 - The expected operating revenue is estimated to be between 1.25 billion and 1.3 billion yuan, while the operating revenue after deductions is projected to be between 1.2 billion and 1.25 billion yuan [1]

Investment Overview - The company plans to establish a wholly-owned subsidiary in Hong Kong named GCE (Hong Kong) Trading Co., Limited, with a total investment of HKD 500,000 to enhance its international strategy and expand sales channels [1][2] - The investment will be funded by the company's own capital amounting to approximately CNY 457,430, subject to actual exchange rates [2] Purpose of Investment - The establishment of the subsidiary aims to facilitate quicker market entry, leverage local resources, and respond to customer demands effectively, thereby supporting the company's internationalization strategy and promoting significant growth [1][2] Business Scope of the Subsidiary - The Hong Kong subsidiary will engage in the sales of power electronic components, AI hardware, tools, integrated circuit chips, industrial automation systems, software, and provide technical services and consulting [1] Potential Risks - The company acknowledges several risks associated with this investment, including: - **Policy Risk**: Changes in political and economic conditions or government policies in Hong Kong may impact project goals [2][3] - **Management Risk**: Differences in business and cultural environments may pose challenges in management practices [3] - **Market Demand Risk**: Rapid technological changes in smart controllers may affect the company's ability to meet market demands [4] - **Revenue Uncertainty Risk**: The investment's success is contingent on various factors, including macroeconomic conditions and market dynamics [4] Long-term Impact - The investment is expected to positively influence the company's financial health and operational results in the long run, enhancing market expansion and strategic positioning, ultimately contributing to sustainable growth and competitive advantage [5]

证券代码：002196 证券简称：方正电机 公告编号：2025-035 关于全资孙公司高科润电子（浙江）有限公司 设立香港全资子公司的公告 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。 一、对外投资概述 1、对外投资基本情况 浙江方正电机股份有限公司（以下简称"方正电机"）及下属全资子公司深 圳市高科润电子有限公司（以下简称"深圳高科润"）、全资孙公司高科润电子 （浙江）有限公司（以下简称"浙江高科润"）为了进一步推动国际化战略，开 辟广阔的国外销售渠道，开拓新的产品品类，以自有资金拟在中国香港设立高科 润电子（香港）贸易有限公司(以下简称"香港高科润")。（拟定名，最终以当 地相关部门最终核准结果为准），投资总额为 50 万港元。 2、对外投资的审批程序 本次对外投资事项在公司董事会审批权限内，无需提交股东大会审议。 本次对外投资事项不涉及关联交易，也不构成《上市公司重大资产重组管 理办法》规定的重大资产重组。 二、投资标的基本情况 1、注册地及公司名称 公司拟在香港投资设立全资子公司的名称为: 中文：高科润电子（香港）贸易有限公司， 英文：G ...

一、审议通过了《关于全资孙公司高科润电子（浙江）有限公司设立香港 全资子公司的议案》 经审议，监事会认为：本次全资孙公司高科润电子（浙江）有限公司在香港 设立全资子公司，是公司基于战略前瞻性规划与业务发展的考虑，有利于提高公 司海外市场的开拓能力，加强与国际市场的交流与合作，符合公司的长远发展规 划。本次对外投资的资金来源为公司自有资金，投资金额在可控范围内，不会对 公司的财务状况产生重大影响，不会对公司主营业务、持续经营能力及资产情况 造成不利影响，不存在损害公司及全体股东利益的情形。 证券代码：002196 证券简称：方正电机 公告编号：2025-037 浙江方正电机股份有限公司 第八届监事会第二十二次会议决议公告 本公司及监事全体人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"）第八届监事会第二十二次 会议通知于2025年6月30日以邮件、传真或专人送达形式发出，会议于2025年7 月4日上午以现场和通讯相结合的方式在浙江方正电机股份有限公司会议室召开。 参加会议的监事为：李锦涛先生、王彦颖女士、叶婷女士。本次会议召开 ...