每经AI快讯，大洋电机（SZ 002249，收盘价：8.19元）8月25日晚间发布公告称，公司第七届第四次董 事会会议于2025年8月22日在公司会议室召开。会议审议了《关于2025年半年度权益分派预案的议案》 等文件。 截至发稿，大洋电机市值为200亿元。 （记者 曾健辉） 每经头条（nbdtoutiao）——租下2.5万亩"试验田"，兽医学博士在非洲种粮：首季亩产250斤，打算扩至 10万亩，月薪1~2万元招人 2025年1至6月份，大洋电机的营业收入构成为：建筑及家居行业占比60.99%，汽车零部件行业占比 38.18%，其他业务占比0.8%，汽车租赁占比0.03%。 ...

人民财讯8月25日电，大洋电机(002249)8月25日晚间披露半年报，公司2025年上半年实现营业收入62.41 亿元，同比增长7.66%；归母净利润6.02亿元，同比增长34.41%；基本每股收益0.25元；拟每10股派发 现金红利1元（含税）。 转自：证券时报 ...

证券代码：002249 证券简称： 大洋电机 公告编号： 2025-064 中山大洋电机股份有限公司 关于 2025 年半年度权益分派预案的公告 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。 中山大洋电机股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日召开第七届 董事会第四次会议，审议通过了《关于 2025 年半年度权益分派预案的议案》，本议案尚 需提交公司 2025 年第一次临时股东会审议。现将相关事项公告如下： 一、2025 年半年度权益分派方案的基本情况 中山大洋电机股份有限公司 2．根据公司 2025 年半年度财务报告（未经审计），公司 2025 年半年度实现的归 属于上市公司股东的净利润为 601,725,719.94 元，报告期内母公司实现的净利润为 313,892,294.98 元。根据《中华人民共和国公司法》和《公司章程》的规定，提取法定 盈余公积金后，报告期末母公司可供分配利润为 317,656,923.53 元，合并报表可供分配 利润为 1,054,108,991.58 元。 3．基于对公司未来发展的预期和信心，结合公司 ...

[Part I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content. The report alerts investors to risks associated with forward-looking statements regarding future plans and lists seven major operational risks, including human resources, information security, international trade, international management, new business promotion, intellectual property, and goodwill impairment - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content and assume legal responsibility[4](index=4&type=chunk) - The report advises investors that forward-looking statements regarding future plans do not constitute substantive commitments and involve investment risks[4](index=4&type=chunk) - The company faces seven major risks, including human resources, information security, international trade, international management, new business promotion, intellectual property, and goodwill impairment[4](index=4&type=chunk)[5](index=5&type=chunk)[6](index=6&type=chunk)[8](index=8&type=chunk)[10](index=10&type=chunk) [Table of Contents](index=6&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the structured table of contents of the report, covering major chapters such as important notices, company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond information, financial reports, and other submitted data [Definitions](index=8&type=section&id=%E9%87%8A%E4%B9%89) This section provides definitions for key terms and abbreviations used in the report, including company names, main business units, subsidiaries, motor types, and battery technologies, to ensure clear understanding of the report content [Part II Company Profile and Key Financial Indicators](index=10&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=10&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) This section provides the company's basic information, including stock abbreviation, code, listing exchange, Chinese and English names, and legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Dayang Electric | | Stock Code | 002249 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Zhongshan Dayang Electric Co., Ltd. | | Legal Representative | Lu Chuping | [Contact Person and Information](index=10&type=section&id=%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides the name, contact address, telephone, fax, and email of the company's Board Secretary and Securities Affairs Representative for investor communication - The Board Secretary is Xiao Liangman, with the contact address at No. 1 Guangfeng Industrial Avenue, Xiqu, Zhongshan City, and telephone number 0760-88555306[21](index=21&type=chunk) [Other Information](index=10&type=section&id=%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, the company's registered capital changed due to the autonomous exercise of stock options under the incentive plan, and industrial and commercial registration has been completed - The company's registered capital changed from **RMB 2.413907073 billion** to **RMB 2.440120038 billion**, with industrial and commercial registration completed[24](index=24&type=chunk)[25](index=25&type=chunk) [Key Accounting Data and Financial Indicators](index=11&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved significant growth in operating revenue and net profit attributable to shareholders in the first half of 2025, with total assets and net assets also steadily increasing Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,241,088,911.49 | 5,797,238,614.92 | 7.66% | | Net Profit Attributable to Shareholders of Listed Company | 601,725,719.94 | 447,677,829.42 | 34.41% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 506,445,569.69 | 431,356,722.00 | 17.41% | | Net Cash Flow from Operating Activities | 971,341,645.33 | 1,203,592,949.58 | -19.30% | | Basic Earnings Per Share (RMB/share) | 0.25 | 0.19 | 31.58% | | Diluted Earnings Per Share (RMB/share) | 0.25 | 0.19 | 31.58% | | Weighted Average Return on Net Assets | 6.28% | 5.01% | 1.27% | | **Current Period End** | **Prior Year End** | **Change from Prior Year End** | | Total Assets | 18,326,326,748.71 | 17,941,361,026.95 | 2.15% | | Net Assets Attributable to Shareholders of Listed Company | 9,518,771,583.30 | 9,292,695,179.31 | 2.43% | [Differences in Accounting Data Under Domestic and International Accounting Standards](index=11&type=section&id=%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards or foreign accounting standards and Chinese Accounting Standards - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards[27](index=27&type=chunk) - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under foreign accounting standards and Chinese Accounting Standards[28](index=28&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=11&type=section&id=%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for the current period amounted to **RMB 95.28 million**, primarily from fair value changes, government subsidies, and reversal of impairment provisions for receivables Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 580,327.65 | | Government Subsidies Recognized in Current Period P&L (Excluding Those with Continuous Impact) | 25,542,675.48 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities Held by Non-Financial Enterprises | 101,751,716.98 | | Reversal of Impairment Provisions for Receivables Subject to Individual Impairment Testing | 6,974,120.69 | | Other Non-Operating Income and Expenses Apart from the Above | -4,842,175.47 | | Less: Income Tax Impact | 20,137,202.44 | | Minority Interest Impact (After Tax) | 14,589,312.64 | | Total | 95,280,150.25 | [Part III Management Discussion and Analysis](index=13&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [I. Company's Main Business Activities During the Reporting Period](index=13&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company aims to be a global green and intelligent solution provider for motor and drive control systems, with businesses covering building ventilation and home appliance motors (BHM), new energy vehicle powertrain systems, vehicle rotating electrical appliances, and hydrogen fuel cell systems. During the reporting period, the company achieved record-high revenue and profit amidst complex economic conditions, with all business units developing well and significant progress in global layout and emerging technologies - The company's main businesses include building ventilation and home appliance motors, new energy vehicle powertrain systems, vehicle rotating electrical appliances, and hydrogen fuel cell systems and their key components[33](index=33&type=chunk) - In the first half of 2025, the company achieved operating revenue of **RMB 6.241 billion**, a **7.66% year-on-year increase**, and net profit attributable to shareholders of **RMB 602 million**, a **34.41% year-on-year increase**, both reaching historical highs for the same period[45](index=45&type=chunk) [Company's Main Businesses](index=13&type=section&id=%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company focuses on two core segments, the BHM business unit and the Vehicle Business Group (EVBG), providing motor drive system solutions widely used in home appliances, automotive, and hydrogen energy fields - The company has formed two major business segments: the BHM business unit, primarily focusing on building ventilation and home appliance motor products, and the Vehicle Business Group (EVBG), primarily focusing on key automotive components[33](index=33&type=chunk) [Industry Development Review](index=13&type=section&id=%E8%A1%8C%E4%B8%9A%E5%8F%91%E5%B1%95%E5%9B%9E%E9%A1%B5) In H1 2025, the home appliance industry grew steadily with policy stimulus, especially in air conditioning. The automotive industry saw robust production and sales, with new energy vehicle penetration increasing and range-extended electric vehicles opening new growth curves. The hydrogen energy sector, a national strategic emerging industry, received continuous policy support, with PEMFC and SOC technologies advancing - In the first half of 2025, China's home appliance market retail sales reached **RMB 453.7 billion**, a **9.2% year-on-year increase**; air conditioner sales reached **38.45 million units**, a **15.6% year-on-year increase**[33](index=33&type=chunk)[34](index=34&type=chunk) - In the first half of 2025, China's automobile production and sales both exceeded **15 million units** for the first time, growing by **12.5%** and **11.4%** year-on-year, respectively; new energy vehicle production and sales reached **6.968 million units** and **6.937 million units**, growing by **41.4%** and **40.3%** year-on-year, respectively[37](index=37&type=chunk)[38](index=38&type=chunk) - Hydrogen energy has been designated a 'strategic emerging industry,' with continuous improvement in policy support promoting full-chain development from production to storage, transportation, and utilization; Proton Exchange Membrane Fuel Cells (PEMFC) and Solid Oxide Cells (SOC) are core technologies[40](index=40&type=chunk)[41](index=41&type=chunk)[42](index=42&type=chunk)[43](index=43&type=chunk) [Company Business Overview](index=15&type=section&id=%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%BF%B0) The BHM business unit's revenue grew by **10.28%** year-on-year, deepening digital transformation and expanding global production capacity, actively entering the robotics field. The Vehicle Business Group's new energy vehicle powertrain system revenue grew by **5.73%** year-on-year, making progress in technology and market expansion; vehicle rotating electrical appliance revenue grew by **5.92%** year-on-year, improving efficiency through lean management. Hydrogen energy business focuses on BOP R&D and strategically invests in key links of the industry chain - The BHM business unit achieved operating revenue of **RMB 3.806 billion**, a **10.28% increase** year-on-year, and its Zhongshan headquarters' 'Global Motor and Drive System Big Data Central Control Smart Factory' was selected as a Guangdong Province Advanced Smart Factory[46](index=46&type=chunk)[47](index=47&type=chunk) - The BHM business unit actively entered the robotics field, establishing a 'Humanoid Robot Motor' project team, co-founding a joint research center with Tongji University, and strategically investing in Mech-Mind, a leading intelligent robotics company[47](index=47&type=chunk) - New energy vehicle powertrain system business achieved operating revenue of **RMB 725 million**, a **5.73% increase** year-on-year; Shanghai Electric Drive's Shanghai factory's multi-in-one electric drive assembly production line began mass production and delivery, with Thailand and Chongqing factories commencing operations[48](index=48&type=chunk) - Vehicle rotating electrical appliance business achieved operating revenue of **RMB 1.657 billion**, a **5.92% increase** year-on-year, improving operational efficiency through digitalization and lean production, and successfully securing a Renault generator product project nomination[50](index=50&type=chunk)[51](index=51&type=chunk) - Hydrogen energy business focuses on R&D of hydrogen fuel cell BOP, developing key components such as multi-in-one controllers and high-speed centrifugal air compressors, strategically investing in Zhong'an Haoyuan to expand into organic liquid hydrogen storage and release business, and developing Metal-Supported Solid Oxide Cells (MS-SOC)[51](index=51&type=chunk)[52](index=52&type=chunk) [II. Core Competitiveness Analysis](index=17&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company has built multi-dimensional core competitive advantages through continuous technological innovation, a sound talent incentive mechanism, successful industrial transformation and upgrading, efficient resource integration, a strong brand and marketing network, and a global production layout, laying a solid foundation for sustainable development - The company continuously increases R&D investment, possessing **3 national-level laboratories** and **4 CNAS-accredited laboratories**, with **4,427 patent applications** and **3,387 granted patents**, maintaining technological leadership in high-efficiency intelligent motors, new energy vehicle powertrain systems, and hydrogen fuel cell key components[54](index=54&type=chunk) - The company attracts and retains senior technical and management talent through equity incentives and employee stock ownership plans (such as the 'Navigator Plan'), enhancing R&D enthusiasm and creativity[55](index=55&type=chunk) - The company successfully transformed from the traditional home appliance industry to the new energy vehicle and hydrogen energy industries, forming a tiered industrial development pattern: 'Today - Building Ventilation and Home Appliance Motors,' 'Tomorrow - New Energy Vehicle Powertrain Systems,' and 'Future - Hydrogen Energy Industry'[56](index=56&type=chunk)[57](index=57&type=chunk) - The company integrated key automotive component subsidiaries to form the Vehicle Business Group, and achieved multi-dimensional resource integration and synergistic development in R&D, sales, service, talent, and brand through joint ventures/associates, joint laboratories, and industrial funds[57](index=57&type=chunk)[58](index=58&type=chunk) - The company owns well-known brands such as 'Dayang Electric,' 'Electric Drive,' 'Prestolite,' and 'Jienuo Rui,' with products sold in over **80 countries and regions worldwide**, establishing partnerships with numerous Fortune 500 companies[58](index=58&type=chunk)[59](index=59&type=chunk) - The company has established subsidiaries and production bases globally (e.g., USA, Mexico, UK, Vietnam, India, Thailand, Morocco), achieving a global layout, optimizing resource allocation, reducing production costs, and diversifying market risks[59](index=59&type=chunk)[60](index=60&type=chunk) [III. Main Business Analysis](index=19&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business achieved steady growth, with operating revenue increasing by **7.66%** year-on-year, primarily driven by comprehensive growth in building and home appliance motors, traditional starters and generators, and new energy vehicle powertrain systems. The company effectively controlled operating costs through procurement cost reduction and lean production, but management expenses and R&D investment increased. Overseas revenue grew faster than domestic revenue Year-on-Year Changes in Key Financial Data | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 6,241,088,911.49 | 5,797,238,614.92 | 7.66% | Sales revenue for building and home appliance motors, traditional starters and generators, and new energy vehicle powertrain systems all increased | | Operating Cost | 4,871,998,945.25 | 4,572,760,065.48 | 6.54% | Strengthened procurement cost reduction and lean production, leading to lower production costs | | Management Expenses | 444,539,978.87 | 367,639,785.70 | 20.92% | Increased employee compensation, consulting and audit fees, etc. | | Financial Expenses | -92,662,957.84 | -51,476,956.36 | -80.01% | Increased exchange gains | | R&D Investment | 321,516,748.45 | 298,973,313.15 | 7.54% | Increased R&D investment in high-efficiency intelligent motors, fan systems, and new energy vehicle powertrain systems | | Net Cash Flow from Operating Activities | 971,341,645.33 | 1,203,592,949.58 | -19.30% | Increased cash paid for purchases of goods, employee compensation, and debt investments | Operating Revenue Composition (by Industry, Product, Region) | Category | Item | Current Period Amount (RMB) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | | **By Industry** | Building and Home Appliance Industry | 3,806,225,997.15 | 60.99% | 10.28% | | | Automotive Parts Industry | 2,382,773,681.00 | 38.18% | 5.86% | | **By Product** | Building and Home Appliance Motors | 3,806,225,997.15 | 60.99% | 10.28% | | | Starters and Generators | 1,657,360,056.92 | 26.56% | 5.92% | | | New Energy Vehicle Powertrain Systems | 725,413,624.08 | 11.62% | 5.73% | | **By Region** | Mainland China | 3,265,720,353.50 | 52.33% | 5.89% | | | Outside Mainland China | 2,975,368,557.99 | 47.67% | 9.66% | [IV. Non-Core Business Analysis](index=21&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's non-core businesses significantly contributed to total profit, primarily from investment income and fair value changes, but these gains are not sustainable Impact of Non-Core Businesses on Total Profit | Item | Amount (RMB) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 92,701,086.79 | 12.28% | Interest income from debt investments and equity method accounting for long-term equity investments | No | | Gains/Losses from Fair Value Changes | 89,114,648.43 | 11.80% | Gains from fair value changes of other non-current financial assets held | No | | Asset Impairment | 21,070,212.15 | 2.79% | Reversal of inventory impairment provisions | No | | Credit Impairment Losses | -23,418,401.97 | -3.10% | Provision for bad debts on commercial acceptance bills receivable | No | [V. Analysis of Assets and Liabilities](index=22&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's total assets and net assets attributable to shareholders both increased. Construction in progress and long-term borrowings saw significant increases, mainly due to increased investment in production equipment and factory buildings, and an increase in special loans for share repurchases. The company holds a certain scale of overseas assets and has some assets measured at fair value and with restricted rights Significant Changes in Asset Composition | Item | Current Period End Amount (RMB) | Proportion of Total Assets | Prior Year End Amount (RMB) | Proportion of Total Assets | Proportion Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 18,326,326,748.71 | 100% | 17,941,361,026.95 | 100% | 2.15% | - | | Net Assets Attributable to Shareholders of Listed Company | 9,518,771,583.30 | - | 9,292,695,179.31 | - | 2.43% | - | | Construction in Progress | 175,465,261.82 | 0.96% | 81,649,142.02 | 0.46% | 0.50% | Increased investment in production equipment and factory buildings that have not yet reached their intended usable state | | Long-Term Borrowings | 82,183,287.27 | 0.45% | 30,679,408.91 | 0.17% | 0.28% | Increased amount of special loans for share repurchases applied from banks | - The company's main overseas assets include properties in Michigan, Hong Kong, New York, and Illinois, USA, used as offices or factories, with stable operating models and complete licenses[69](index=69&type=chunk) - Total financial assets measured at fair value at period-end amounted to **RMB 281 million**, primarily comprising other non-current financial assets (**RMB 210 million**) and trading financial assets (**RMB 7.5759 million**)[70](index=70&type=chunk) - As of the end of the reporting period, the company's total restricted assets amounted to **RMB 459.97 million**, primarily including monetary funds, notes receivable, debt investments, and some other current assets, with restriction reasons including pledged bank acceptance bills and restricted foreign exchange transactions[72](index=72&type=chunk) [VI. Investment Status Analysis](index=23&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's investment decreased by **30.75%** year-on-year. The company holds securities investments such as Ballard Power Systems and engages in futures and forward foreign exchange derivative investments for hedging purposes, effectively mitigating raw material price and exchange rate fluctuation risks - Investment during the reporting period was **RMB 188 million**, a **30.75% decrease** compared to the prior year[73](index=73&type=chunk) Securities Investment Information | Security Type | Security Code | Security Name | Accounting Subject | Period-End Carrying Value (RMB) | | :--- | :--- | :--- | :--- | :--- | | Domestic and Overseas Stocks | BLDP | Ballard Power Systems | Other Equity Instrument Investments | 11,545,380.75 | | Domestic and Overseas Stocks | HK2188 | Titan Energy Technology | Other Equity Instrument Investments | 21,474,754.56 | | Domestic and Overseas Stocks | HK1333 | Boreyton | Other Non-Current Financial Assets | 107,272,500.00 | - The company engages in futures and forward foreign exchange derivative investments for hedging purposes, with a period-end amount of **RMB 58.8956 million**, accounting for **0.67%** of the company's net assets at the end of the reporting period, effectively mitigating the impact of spot market price fluctuations and exchange rate fluctuations on the company's profitability[77](index=77&type=chunk)[78](index=78&type=chunk) [VII. Significant Asset and Equity Disposals](index=25&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not have any significant asset or equity disposal matters during the reporting period - The company did not dispose of significant assets during the reporting period[81](index=81&type=chunk) - The company did not dispose of significant equity during the reporting period[82](index=82&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=25&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) This section primarily analyzes the financial status of Shanghai Electric Drive, a subsidiary whose net profit impact exceeds **10%** of the company's, and discloses the acquisition and disposal of subsidiaries during the reporting period Financial Data of Major Subsidiary Shanghai Electric Drive | Company Name | Company Type | Main Business | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Electric Drive | Subsidiary | R&D, production, and sales of new energy vehicle electric drive systems, starters, and generators | 124,093,191.00 | 4,908,366,594.17 | 1,829,281,091.44 | 2,379,451,817.35 | 116,609,142.75 | - During the reporting period, the company established **4 new subsidiaries** including ABTC SARL, ABTU SARL, BGTI SARL, BGTM SARL; deregistered **2 subsidiaries**, Dayang Electric Fuel Cell Chengdu and Dayang Electric Fuel Cell Technology Zhoushan; and liquidated **1 subsidiary**, Jiangsu Yixing[85](index=85&type=chunk) [IX. Information on Structured Entities Controlled by the Company](index=26&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[85](index=85&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=26&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The risks faced by the company remained unchanged during the reporting period, with specific risks and countermeasures detailed in the Important Notice section - The risks faced by the company remained unchanged during the reporting period; please refer to Part I Important Notice for details[85](index=85&type=chunk) [XI. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=26&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not formulated a market value management system nor disclosed a valuation enhancement plan - The company has not formulated a market value management system[86](index=86&type=chunk) - The company has not disclosed a valuation enhancement plan[86](index=86&type=chunk) [XII. Implementation of ‘Quality and Return Dual Enhancement’ Action Plan](index=26&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company actively implements the 'Quality and Return Dual Enhancement' action plan through various measures, including focusing on main business development, adhering to innovation-driven strategies, implementing a global industrial layout, strengthening corporate governance, emphasizing investor returns, and deepening investor relations management, to enhance company value and investor confidence - In the first half of 2025, the company's operating revenue and profit both reached historical highs, with R&D investment of **RMB 321.5 million**, a **7.54% year-on-year increase**, and a cumulative total of **4,427 patent applications**[86](index=86&type=chunk) - The company actively promotes its global industrial layout, establishing subsidiaries and production bases in multiple countries, and initiating the construction of its Indiana, USA factory to optimize resource allocation and respond to changes in the international trade environment[87](index=87&type=chunk)[88](index=88&type=chunk) - The company revised its Articles of Association to abolish the Board of Supervisors, strengthened the functions of the Audit Committee, and organized training for directors, supervisors, and senior management to solidify corporate governance[88](index=88&type=chunk) - The company implemented its 2024 equity distribution plan, distributing a cash dividend of **RMB 1.3** (tax inclusive) per **10 shares** to all shareholders, with a cumulative distribution of **RMB 316 million**; as of June 30, 2025, the company had cumulatively repurchased **10.667 million shares**, with a total transaction amount of **RMB 64.9813 million**[89](index=89&type=chunk) - The company deepens investor relations management and efficiently communicates company value through diversified channels, including online performance briefings, graphic reports, on-site investigations, telephone consultations, the Interactive Easy platform, and broker strategy conferences[89](index=89&type=chunk)[90](index=90&type=chunk) [Part IV Corporate Governance, Environment, and Society](index=28&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [I. Changes in Directors, Supervisors, and Senior Management](index=28&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's independent directors, chairman of the board of supervisors, and supervisors resigned due to term expiration or charter revisions, and new independent directors were elected. Additionally, the company appointed a new Chief Financial Officer and Vice President, and Board Secretary - Independent Directors Liu Yihua, Hou Yu, and Zheng Fuli resigned upon term expiration, and Zhang Chengning, Zhang Yongde, and Chen Liang were elected as new independent directors[92](index=92&type=chunk) - Chairman of the Board of Supervisors Wang Zhenbiao, and Supervisors Bing Liming and Peng Weiwen resigned upon term expiration due to the company's revision of its Articles of Association to abolish the Board of Supervisors[93](index=93&type=chunk) - Mr. Wu Xiaoyun was appointed as the company's Chief Financial Officer and Vice President, and Mr. Xiao Liangman was appointed as the company's Board Secretary[93](index=93&type=chunk) [II. Profit Distribution and Capital Reserve to Share Capital Conversion for the Current Period](index=28&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company's board of directors approved the 2025 semi-annual profit distribution plan, proposing a cash dividend of **RMB 1.0** (tax inclusive) per **10 shares** to all shareholders, with no bonus shares or capital reserve to share capital conversion - The company's 2025 semi-annual profit distribution plan proposes to distribute a cash dividend of **RMB 1.0** (tax inclusive) per **10 shares** to all shareholders, based on the total share capital registered on the equity distribution record date, after deducting shares held in the repurchase special securities account[94](index=94&type=chunk) - The total cash dividend (tax inclusive) for this period is **RMB 243 million**, and the total cash dividend (including other methods) accounts for **100%** of the total profit distribution[94](index=94&type=chunk) [III. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=29&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) During the reporting period, the company adjusted the exercise prices of its 2020-2024 multi-period stock option incentive plans and canceled some stock options. Additionally, it disclosed the shareholding status and funding sources of several employee stock ownership plans, as well as changes in shareholdings of directors, supervisors, and senior management in these plans - The company adjusted the exercise prices of its 2020, 2022, 2023, and 2024 stock option incentive plans and canceled some reserved stock options granted under the 2020 and 2021 stock option incentive plans[95](index=95&type=chunk)[96](index=96&type=chunk)[97](index=97&type=chunk)[98](index=98&type=chunk)[99](index=99&type=chunk) Status of All Effective Employee Stock Ownership Plans During the Reporting Period | Scope of Employees | Number of Employees | Total Shares Held (shares) | Proportion of Listed Company's Total Share Capital | Funding Source for the Plan | | :--- | :--- | :--- | :--- | :--- | | Core R&D personnel of the company's new energy vehicle electric drive powertrain system and hydrogen fuel cell system businesses | 122 | 3,412,250 | 0.14% | Company's accrued special R&D bonuses | | Non-independent directors, supervisors, senior management, and core personnel of the company (including subsidiaries) | 92 | 30,000 | 0.00% | Employees' legal compensation, self-raised funds, etc. | | Core R&D personnel of the company's new energy vehicle electric drive powertrain system and hydrogen fuel cell system businesses | 147 | 3,268,750 | 0.13% | Company's accrued special R&D bonuses | | Non-independent directors, supervisors, senior management, and core personnel of the company (including subsidiaries) | 72 | 5,862,500 | 0.24% | Employees' legal compensation, self-raised funds, etc. | | Non-independent directors, supervisors, senior management, and core personnel of the company (including subsidiaries) | 139 | 3,980,800 | 0.16% | Employees' legal compensation, self-raised funds, etc. | - The lock-up period for the company's 'Head Wolf Plan Phase II' employee stock ownership plan expired, and **2,849,000 shares** of the company were sold through centralized bidding transactions in the secondary market during the reporting period[101](index=101&type=chunk) [IV. Environmental Information Disclosure](index=30&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and two of its major subsidiaries are included in the list of enterprises required to disclose environmental information by law, with inquiry indexes provided - The company and **2 major subsidiaries** (Zhongshan Dayang Electric Co., Ltd. and Zhongshan Yibisi Technology Co., Ltd.) are included in the list of enterprises required to disclose environmental information by law[102](index=102&type=chunk) [V. Social Responsibility](index=31&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its corporate social responsibility, committing to environmental protection and social welfare, and engaging in rural revitalization efforts, with external donations totaling **RMB 3.305 million** during the reporting period - The company actively fulfills its corporate social responsibility, dedicating itself to environmental protection and social welfare, and carrying out industrial revitalization and educational revitalization in conjunction with rural revitalization efforts[104](index=104&type=chunk) - During the reporting period, the company made total external donations of **RMB 3.305 million**[104](index=104&type=chunk) [Part V Significant Matters](index=32&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [I. Commitments Fulfilled and Overdue Unfulfilled Commitments by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and Other Related Parties During the Reporting Period and as of the End of the Reporting Period](index=32&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company's equity incentive commitments were fulfilled on time during the reporting period, with no overdue unfulfilled commitments - The company committed not to provide loans or any other form of financial assistance to the grantees of the 2021 stock option incentive plan for exercising stock options under this plan, and this commitment has been fulfilled[106](index=106&type=chunk) [II. Non-Operating Fund Occupation by Controlling Shareholder and Other Related Parties](index=32&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) During the reporting period, there was no non-operating fund occupation by the controlling shareholder or other related parties of the listed company - During the reporting period, there was no non-operating fund occupation by the controlling shareholder or other related parties of the listed company[107](index=107&type=chunk) [III. Irregular External Guarantees](index=32&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[108](index=108&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=32&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[109](index=109&type=chunk) [V. Board of Directors' and Board of Supervisors' Explanations on ‘Non-Standard Audit Report’ for the Current Period](index=32&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no non-standard audit report during the reporting period, thus the Board of Directors and Board of Supervisors do not need to provide explanations - The company had no non-standard audit report during the reporting period[110](index=110&type=chunk) [VI. Board of Directors' Explanations on ‘Non-Standard Audit Report’ for the Prior Year](index=32&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no non-standard audit report for the prior year, thus the Board of Directors does not need to provide explanations - The company had no non-standard audit report for the prior year during the reporting period[110](index=110&type=chunk) [VII. Bankruptcy and Reorganization Matters](index=32&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy and reorganization matters during the reporting period - The company had no bankruptcy and reorganization matters during the reporting period[110](index=110&type=chunk) [VIII. Litigation Matters](index=33&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no significant litigation or arbitration matters during the reporting period, but there were other ongoing litigation matters involving **RMB 30.6493 million** - The company had no significant litigation or arbitration matters during the current reporting period[111](index=111&type=chunk) - The company has other litigation matters with an involved amount of **RMB 30.6493 million** that do not meet the disclosure threshold for significant litigation, which are currently under trial and not yet concluded[111](index=111&type=chunk) [IX. Penalties and Rectification](index=33&type=section&id=%E4%B9%9D%E3%80%81%E7%BD%9A%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification matters during the reporting period - The company had no penalties or rectification matters during the reporting period[112](index=112&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=33&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) During the reporting period, there were no issues regarding the integrity status of the company, its controlling shareholder, or actual controller - During the reporting period, there were no issues regarding the integrity status of the company, its controlling shareholder, or actual controller[113](index=113&type=chunk) [XI. Significant Related Party Transactions](index=33&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company engaged in related party transactions related to its daily operations, including purchasing raw materials from Zhongshan Qunlixing Plastic Hardware Electronic Products Co., Ltd. and a joint external investment with Guangzhou Wanwuji Industrial Internet Technology Co., Ltd Related Party Transactions for Purchase and Sale of Goods, Provision and Acceptance of Services | Related Party | Related Transaction Content | Current Period Amount (RMB 10,000) | Approved Transaction Limit (RMB 10,000) | Exceeded Transaction Limit | | :--- | :--- | :--- | :--- | :--- | | Zhongshan Qunlixing Plastic Hardware Electronic Products Co., Ltd. | Purchase of lead wire components for motor production | 1,017.92 | 4,646.35 | No | Related Party Transactions for Joint External Investment | Joint Investor | Related Party Relationship | Name of Investee Company | Main Business of Investee Company | Registered Capital of Investee Company (RMB) | | :--- | :--- | :--- | :--- | :--- | | Baiao Hexiang No. 1 (Hainan) Investment Partnership (Limited Partnership) | Enterprise controlled by related natural person | Guangzhou Wanwuji Industrial Internet Technology Co., Ltd. | Providing one-stop sales for equipment maintenance, repair, and operations (MRO) | 59,088,923.00 | [XII. Significant Contracts and Their Performance](index=34&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no trusteeship or contracting situations during the reporting period. In terms of leasing, the company earned **RMB 15.902 million** from leasing out factory buildings and paid **RMB 24.4315 million** for leasing in factory buildings. The company provided a joint and several liability guarantee of **RMB 171.8 million** for its wholly-owned subsidiary, Dayang Electric Hong Kong. The company also engaged in entrusted wealth management for bank wealth management products totaling **RMB 7.5759 million** - The company had no trusteeship situations during the reporting period[120](index=120&type=chunk) - The company had no contracting situations during the reporting period[121](index=121&type=chunk) - During the reporting period, the company leased out factory buildings with a cumulative area of **171,900 square meters**, generating rental income of **RMB 15.902 million**; it leased in factory buildings with a cumulative area of **149,400 square meters**, incurring rental expenses of **RMB 24.4315 million**[122](index=122&type=chunk) - The company provided a joint and several liability guarantee of **RMB 171.8 million** for its wholly-owned subsidiary, Dayang Electric Hong Kong, with a guarantee period of **3 years**, and no guaranteed borrowings occurred as of the end of the reporting period[125](index=125&type=chunk)[156](index=156&type=chunk) - The company's entrusted wealth management primarily consists of bank wealth management products, with both the amount incurred and the outstanding balance being **RMB 7.5759 million**, and no overdue unrecovered amounts[128](index=128&type=chunk) [XIII. Explanation of Other Significant Matters](index=36&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company is planning an overseas H-share issuance and listing on The Stock Exchange of Hong Kong Limited, aiming to deepen its global strategic layout, enhance international competitiveness and overseas financing capabilities, and improve corporate governance transparency - The company is planning an overseas H-share issuance and listing on The Stock Exchange of Hong Kong Limited[129](index=129&type=chunk) - This H-share issuance and listing aims to deepen the company's global strategic layout, enhance the localization of manufacturing and supply chain capabilities for overseas businesses, improve overall international market competitiveness, and build an international capital operation platform to strengthen overseas financing capabilities[129](index=129&type=chunk) - This H-share issuance and listing will not result in a change in the company's controlling shareholder or actual controller[129](index=129&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=37&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) The company had no significant subsidiary matters during the reporting period - The company had no significant subsidiary matters during the reporting period[130](index=130&type=chunk) [Part VI Share Changes and Shareholder Information](index=38&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [I. Share Change Information](index=38&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital changed due to stock option exercises and share repurchase cancellations, ultimately decreasing by **2,001,844 shares**. The company continued to advance its share repurchase plan and disclosed changes in restricted shares held by directors, supervisors, senior management, and other shareholders - During the reporting period, the company's total share capital changed from **2,443,811,976 shares** to **2,441,810,132 shares**, primarily due to an increase of **11,349,154 shares** from stock option exercises and the cancellation of **13,350,998 repurchased shares**[132](index=132&type=chunk)[133](index=133&type=chunk) - The exercise conditions for the company's multi-period stock option incentive plans (2020, 2021, 2022, 2023) have been met, and grantees can exercise their options[134](index=134&type=chunk)[135](index=135&type=chunk)[136](index=136&type=chunk)[137](index=137&type=chunk)[138](index=138&type=chunk) - As of June 30, 2025, the company had cumulatively repurchased **10,667,000 shares** through its repurchase special securities account, accounting for **0.44%** of the total share capital, with a total transaction amount of **RMB 64.9813 million**; the repurchase plan has not yet been fully implemented[139](index=139&type=chunk) Changes in Restricted Shares (Selected Directors, Supervisors, Senior Management) | Shareholder Name | Beginning Restricted Shares (shares) | Increase in Restricted Shares This Period (shares) | Ending Restricted Shares (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Liu Ziwen | 743,557 | 325,739 | 1,069,296 | Senior management restricted shares, new shares from stock option exercise | | Liu Bo | 431,685 | 259,911 | 691,596 | Senior management restricted shares, new shares from stock option exercise | | Wu Xiaoyun | 760,672 | 176,474 | 937,146 | Senior management restricted shares, new shares from stock option exercise | | Xiao Liangman | 0 | 93,262 | 93,262 | Senior management restricted shares, appointed as Board Secretary for the 7th Board of Directors | [II. Securities Issuance and Listing Information](index=41&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no securities issuance or listing during the reporting period - The company had no securities issuance or listing during the reporting period[141](index=141&type=chunk) [III. Number of Shareholders and Shareholding Information](index=41&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **110,250** common shareholders. Lu Chuping is the largest shareholder, holding **25.13%** of the shares. Among the top ten shareholders, Lu Chuping, Xu Haiming, Peng Hui, Xiong Jieming, and Lu Sanping are parties acting in concert - The total number of common shareholders at the end of the reporting period was **110,250**[142](index=142&type=chunk) Top Ten Shareholders' Shareholding Information | Shareholder Name | Shareholding Proportion | Shareholder Nature | Shares Held at Period-End (shares) | Restricted Shares Held (shares) | Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Lu Chuping | 25.13% | Domestic Natural Person | 613,591,916 | 460,193,937 | 153,397,979 | | Xu Haiming | 5.72% | Domestic Natural Person | 139,687,320 | 104,765,490 | 34,921,830 | | Hong Kong Securities Clearing Company Limited | 4.75% | Overseas Legal Person | 115,902,408 | 0 | 115,902,408 | | Peng Hui | 1.97% | Domestic Natural Person | 48,090,000 | 36,067,500 | 12,022,500 | | Gong Jun | 1.13% | Domestic Natural Person | 27,701,800 | 0 | 27,701,800 | | Shihezi Pangde Dayang Equity Investment Partnership (Limited Partnership) | 1.02% | Domestic Non-State-Owned Legal Person | 25,006,800 | 0 | 25,006,800 | | Ping An Fund - SPD Bank - Ping An Dahua SPD Guangzhou Huiyin Aofeng No. 8 Specific Client Asset Management Plan | 0.90% | Other | 21,991,575 | 0 | 21,991,575 | | Xiong Jieming | 0.83% | Domestic Natural Person | 20,376,870 | 0 | 20,376,870 | | Cheng Jianhua | 0.75% | Domestic Natural Person | 18,325,000 | 0 | 18,325,000 | | China Merchants Bank Co., Ltd. - Southern CSI 1000 Exchange Traded Fund | 0.65% | Other | 15,778,100 | 0 | 15,778,100 | - Mr. Lu Chuping and Ms. Peng Hui are spouses; Mr. Lu Chuping, Ms. Peng Hui, and Mr. Xiong Jieming are parties acting in concert[142](index=142&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=42&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) During the reporting period, the shareholdings of some of the company's directors and senior management increased, primarily through the exercise of stock options Changes in Shareholdings of Directors, Supervisors, and Senior Management | Name | Position | Beginning Shares Held (shares) | Shares Increased This Period (shares) | Ending Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Liu Ziwen | Director, Executive Vice President | 991,410 | 434,320 | 1,425,730 | | Liu Bo | Director, Vice President | 575,580 | 346,550 | 922,130 | | Wu Xiaoyun | Vice President, Chief Financial Officer | 1,014,230 | 235,300 | 1,249,530 | [V. Changes in Controlling Shareholder or Actual Controller](index=42&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[145](index=145&type=chunk) - The company's actual controller remained unchanged during the reporting period[145](index=145&type=chunk) [VI. Preferred Share Information](index=43&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[146](index=146&type=chunk) [Part VII Bond-Related Information](index=44&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Bond-Related Information](index=44&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[148](index=148&type=chunk) [Part VIII Financial Report](index=45&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [I. Audit Report](index=45&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[150](index=150&type=chunk) [II. Financial Statements](index=45&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, comprehensively reflecting the financial position at the end of the reporting period and the operating results and cash flows during the reporting period [Consolidated Balance Sheet](index=45&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the company's consolidated total assets were **RMB 18.326 billion**, with total current assets of **RMB 10.743 billion** and total non-current assets of **RMB 7.583 billion**. Total liabilities were **RMB 8.607 billion**, and total owners' equity was **RMB 9.720 billion** - As of June 30, 2025, consolidated total assets were **RMB 18.326 billion**, an increase of **2.15%** from the beginning of the period[152](index=152&type=chunk)[26](index=26&type=chunk) - Total current assets at period-end were **RMB 10.743 billion**, and total non-current assets were **RMB 7.583 billion**[152](index=152&type=chunk)[153](index=153&type=chunk) - Total liabilities at period-end were **RMB 8.607 billion**, and total owners' equity was **RMB 9.720 billion**[154](index=154&type=chunk) [Parent Company Balance Sheet](index=47&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the parent company's total assets were **RMB 14.584 billion**, with total current assets of **RMB 5.923 billion** and total non-current assets of **RMB 8.662 billion**. Total liabilities were **RMB 5.255 billion**, and total owners' equity was **RMB 9.330 billion** - As of June 30, 2025, the parent company's total assets were **RMB 14.584 billion**[157](index=157&type=chunk) - Total current assets at period-end were **RMB 5.923 billion**, and total non-current assets were **RMB 8.662 billion**[157](index=157&type=chunk) - Total liabilities at period-end were **RMB 5.255 billion**, and total owners' equity was **RMB 9.330 billion**[158](index=158&type=chunk) [Consolidated Income Statement](index=49&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, the company's consolidated total operating revenue was **RMB 6.241 billion**, a **7.66%** year-on-year increase. Net profit attributable to parent company shareholders was **RMB 602 million**, a **34.41%** year-on-year increase - For the first half of 2025, consolidated total operating revenue was **RMB 6.241 billion**, a **7.66% year-on-year increase**[160](index=160&type=chunk) - Net profit attributable to parent company shareholders was **RMB 601.73 million**, a **34.41% year-on-year increase**[160](index=160&type=chunk) - Operating profit was **RMB 761.83 million**, and total profit was **RMB 755.10 million**[160](index=160&type=chunk) [Parent Company Income Statement](index=51&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, the parent company's operating revenue was **RMB 3.363 billion**, a **14.37%** year-on-year increase. Net profit was **RMB 314 million**, a **120.55%** year-on-year increase - For the first half of 2025, parent company operating revenue was **RMB 3.363 billion**, a **14.37% year-on-year increase**[163](index=163&type=chunk) - Parent company net profit was **RMB 313.89 million**, a **120.55% year-on-year increase**[164](index=164&type=chunk) [Consolidated Cash Flow Statement](index=52&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, the company's net cash flow from operating activities was **RMB 971 million**, a **19.30%** year-on-year decrease. Cash outflow from investing activities significantly increased, resulting in net cash flow from investing activities of **RMB -1.465 billion** - Net cash flow from operating activities was **RMB 971.34 million**, a **19.30% year-on-year decrease**[166](index=166&type=chunk) - Net cash flow from investing activities was **RMB -1.465 billion**, primarily due to increased cash paid for debt investments[166](index=166&type=chunk) - Net cash flow from financing activities was **RMB -343.35 million**, primarily due to increased cash paid for dividend distribution and increased cash paid for bill deposits[166](index=166&type=chunk) [Parent Company Cash Flow Statement](index=53&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, the parent company's net cash flow from operating activities was **RMB 1.295 billion**, a **163.95%** year-on-year increase. Net cash flow from investing activities was **RMB -823 million**, primarily due to increased cash paid for investments - Net cash flow from operating activities was **RMB 1.295 billion**, a **163.95% year-on-year increase**[167](index=167&type=chunk) - Net cash flow from investing activities was **RMB -823.34 million**, primarily due to increased cash paid for investments[168](index=168&type=chunk) - Net cash flow from financing activities was **RMB -280.18 million**, primarily due to increased cash paid for dividend distribution and increased cash paid for bill deposits[168](index=168&type=chunk) [Consolidated Statement of Changes in Owners' Equity](index=55&type=section&id=%E5%90%88%E5%B9%B6%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) For the first half of 2025, the company's consolidated total owners' equity was **RMB 9.720 billion**, an increase of **3.13%** from the beginning of the period. Key changes included an increase in net profit, a decrease in share capital (due to stock option exercises and repurchase cancellations), a decrease in capital reserve, a decrease in other comprehensive income, and adjustments to surplus reserve and undistributed profits - Total consolidated owners' equity at period-end was **RMB 9.720 billion**, an increase of **RMB 295 million** from the beginning of the period[172](index=172&type=chunk) - Net profit attributable to parent company owners for the current period was **RMB 602 million**, with other comprehensive income decreasing by **RMB 48.6524 million**[170](index=170&type=chunk) - Share capital changed due to an increase from stock option exercises and a decrease from repurchase cancellations, while capital reserve changed due to share-based payments and cancellation of treasury shares[170](index=170&type=chunk) [Parent Company Statement of Changes in Owners' Equity](index=59&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) For the first half of 2025, the parent company's total owners' equity was **RMB 9.330 billion**, a slight decrease from the beginning of the period. Key changes included an increase in net profit, a decrease in share capital, a decrease in capital reserve, an increase in other comprehensive income, and adjustments to surplus reserve and undistributed profits - Total parent company owners' equity at period-end was **RMB 9.330 billion**, a decrease of **RMB 1.6573 million** from the beginning of the period[182](index=182&type=chunk) - Net profit for the current period was **RMB 314 million**, with other comprehensive income increasing by **RMB 0.3345 million**[181](index=181&type=chunk) - Share capital changed due to an increase from stock option exercises and a decrease from repurchase cancellations, while capital reserve changed due to share-based payments and cancellation of treasury shares[181](index=181&type=chunk) [III. Company Basic Information](index=63&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) The company was established in 2000 with a registered capital of **RMB 2.4418 billion**, primarily engaged in electrical machinery and equipment manufacturing, comprising two major business segments: BHM and EVBG. Lu Chuping is the controlling shareholder. As of the end of the reporting period, the company's consolidated scope included **69 subsidiaries**, with **4 new establishments** and **3 deregistrations/liquidations** during the period - The company was established on October 23, 2000, with its registered address at No. 1 Guangfeng Industrial Avenue, Xiqu, Zhongshan City, etc.; the controlling shareholder and legal representative is Lu Chuping[186](index=186&type=chunk) - As of June 30, 2025, the company's cumulative share capital was **RMB 2.441810132 billion**[186](index=186&type=chunk) - The company belongs to the electrical machinery and equipment manufacturing industry, having formed two major business segments: the BHM business unit, primarily focusing on building ventilation and home appliance motor products, and the Vehicle Business Group (EVBG), primarily focusing on key automotive components[186](index=186&type=chunk) - As of June 30, 2025, the company's consolidated scope included a total of **69 subsidiaries**, with **4 new establishments**, **2 deregistrations**, and **1 liquidation** during the current period[187](index=187&type=chunk)[189](index=189&type=chunk) [IV. Basis of Financial Statement Preparation](index=65&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) These financial statements are prepared on a going concern basis, in accordance with enterprise accounting standards, their application guidelines, interpretations, and other relevant regulations, truly and completely reflecting the company's financial position, operating results, and cash flows - These financial statements are prepared on a going concern basis, in accordance with relevant provisions of enterprise accounting standards, based on actual transactions[190](index=190&type=chunk) - The Group has the ability to continue as a going concern for at least 12 months from the end of the reporting period, with no significant matters affecting its going concern ability[191](index=191&type=chunk) [V. Significant Accounting Policies and Accounting Estimates](index=65&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the significant accounting policies and estimates followed in preparing the financial statements, including recognition and measurement of financial instruments, impairment provisions for receivables, inventory valuation, fixed asset depreciation, intangible asset amortization, share-based payments, revenue recognition, government grants, deferred income tax, and leases, ensuring accuracy and comparability of financial information - The company's financial assets are classified as those measured at amortized cost, those measured at fair value with changes recognized in other comprehensive income, and those measured at fair value with changes recognized in profit or loss for the current period[209](index=209&type=chunk)[210](index=210&type=chunk)[211](index=211&type=chunk) - The company applies the simplified model for expected credit losses to accounts receivable, always measuring loss provisions at an amount equal to the expected credit losses over the entire lifetime[215](index=215&type=chunk)[224](index=224&type=chunk)[226](index=226&type=chunk) - The company's revenue recognition princ

中山大洋电机股份有限公司 2025 年半年度财务报告 中山大洋电机股份有限公司 2025 年半年度财务报告 2025 年 08 月 | 一、审计报告 2 | | --- | | 二、财务报表 2 | | 三、公司基本情况 21 | | 四、财务报表的编制基础 23 | | 五、重要会计政策及会计估计 23 | | 六、税项 45 | | 七、合并财务报表项目注释 47 | | 八、研发支出 99 | | 九、合并范围的变更 100 | | 十、在其他主体中的权益 103 | | 十一、政府补助 109 | | 十二、与金融工具相关的风险 110 | | 十三、公允价值的披露 115 | | 十四、关联方及关联交易 116 | | 十五、股份支付 120 | | 十六、承诺及或有事项 126 | | 十七、资产负债表日后事项 128 | | 十八、其他重要事项 128 | | 十九、母公司财务报表主要项目注释 129 | | 二十、补充资料 138 | 中山大洋电机股份有限公司 2025 年半年度报告全文 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表 ...

| 其他关联资金往来 | 资金往来方名称 | 往来方与上市公 | 上市公司核算 | 年期初往 2025 | 2025 年 1-6 月往 2025 来累计发生金额 | 年 1-6 月 2025 年 往来资金的利 偿还累计发生 | 1-6 月 年 2025 | 月 日 6 30 | 往来形成 | 往来性质（经营 性往来、非经营 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 的会计科目 | 来资金余额 | （不含利息） | 息（如有） 金额 | | 往来资金余额 | 原因 | 性往来） | | 控股股东、实际控 | - | - | - | - | - | - - | | - | - | - | | 制人及其附属企业 | | | | | | | | | | | | | 惠众新能源科技（湖 北）有限公司 | 控股子公司 | 其他应收款 | 3.78 | | | | 3.78 | 往来款 | 非经营性往来 | | | 鸿诚新能源汽车科技 (湖北)有限公司 | 控股子公司 | 其他应收款 | 3.35 ...

中山大洋电机股份有限公司 证券代码：002249 证券简称： 大洋电机 公告编号： 2025-062 中山大洋电机股份有限公司 第七届董事会第四次会议决议公告 中山大洋电机股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日上午 9:00 时在公司会议室召开第七届董事会第四次会议。本次会议通知于 2025 年 8 月 11 日以专 人送达或电子邮件方式发出，会议由董事长鲁楚平先生召集和主持，会议应出席董事 9 名，实际出席董事 9 名。会议的召集和召开符合《中华人民共和国公司法》《中华人民 共和国证券法》等法律、行政法规、部门规章、规范性文件及《公司章程》的规定。会 议采用通讯表决的方式召开，经与会董事认真审议，通过如下决议： 一、审议通过了《2025年半年度报告全文及摘要》（该项议案经表决：同意票9票， 反对票0票，弃权票0票）。 二、审议通过了《关于2025年半年度权益分派预案的议案》（该项议案经表决：同 意票9票，反对票0票，弃权票0票）。 公司2025年半年度权益分派预案为：以未来实施权益分派方案时股权登记日享有利 润分配权的股份总额为基数，向全体股东每10股派发现金红利1.00元（含税 ...

本激励计划拟授予的激励对象总人数为715人，包括公司公告本激励计划时在公司(含全资及控股子公 司，下同)任职的中层管理人员、核心骨干(技术/业务)人员。 本激励计划有效期自股票期权授予登记完成之日至激励对象获授的股票期权全部行权或注销之日止，最 长不超过48个月。 格隆汇8月19日丨大洋电机(002249.SZ)公布2025年股票期权激励计划(草案)，本激励计划拟向激励对象 授予的股票期权数量为1,560万份，约占本激励计划草案公告时公司股本总额2,442,421,982股的0.64%。 本次授予为一次性授予，无预留权益。本激励计划授予的股票期权的行权价格为6.12元/股。 ...

本激励计划有效期自股票增值权授予登记完成之日至激励对象获授的股票增值权全部行权或注销之日 止，最长不超过48个月。 本计划授予的激励对象为公司车辆事业集团核心管理人员及骨干，以及公司外籍核心管理人员及骨干、 劳动关系在海外子公司的中国籍核心管理人员及骨干，不包括公司董事、高级管理人员及单独或合计持 有公司5%以上股份的股东或实际控制人及其配偶、父母、子女，本激励计划的激励对象为501人。 格隆汇8月19日丨大洋电机(002249.SZ)公布2025年股票增值权激励计划(草案)，本激励计划拟向激励对 象授予的股票增值权数量为880万份。本次授予为一次性授予，无预留权益。激励计划授予的股票增值 权的行权价格为6.12元/份。 ...

本员工持股计划的存续期为48个月，自公司公告最后一笔标的股票过户至本员工持股计划名下之日起 算。 本员工持股计划员工自筹资金总额不超过人民币3,712.80万元，以"份"作为认购单位，每份份额为1.00 元，本员工持股计划的份数上限为3,712.80万份。本员工持股计划受让公司回购专用证券账户所持有的 公司股份，受让价格为4.08元/股。 参加本员工持股计划的员工总人数不超过73人，其中董事、高级管理人员为4人，具体参加人数根据实 际情况确定。 格隆汇8月19日丨大洋电机(002249.SZ)公布2025年员工持股计划(草案)，本员工持股计划的股票来源为 公司回购专用证券账户内已回购的股份。本员工持股计划经公司股东会审议批准后，将通过非交易过户 等法律法规允许的方式取得并持有公司回购专用证券账户所持有的公司股份，合计不超过910万股，占 公司当前总股本的0.37%，具体持股数量以员工实际出资缴款金额确定。 ...