Core Insights - Tianrun Industrial (002283.SZ) reported a total operating revenue of 1.945 billion yuan for the first half of 2025, an increase of 44.8574 million yuan compared to the same period last year, representing a year-on-year growth of 2.36% [1] - The net profit attributable to shareholders reached 197 million yuan, up by 10.595 million yuan from the same period last year, reflecting a year-on-year increase of 5.69% [1] - The net cash flow from operating activities was 501 million yuan, an increase of 33.1605 million yuan year-on-year, achieving four consecutive years of growth with a year-on-year increase of 7.09% [1] Financial Ratios - The latest debt-to-asset ratio stands at 25.37%, a decrease of 4.40 percentage points compared to the same period last year [3] - The latest gross profit margin is 23.19%, an increase of 0.26 percentage points from the previous quarter, marking two consecutive quarters of growth [3] - The latest return on equity (ROE) is 3.29%, an increase of 0.15 percentage points compared to the same period last year [3] Earnings and Turnover - The diluted earnings per share are 0.17 yuan, an increase of 0.01 yuan compared to the same period last year, reflecting a year-on-year growth of 6.25% [4] - The total asset turnover ratio is 0.24 times, an increase of 0.01 times year-on-year, representing a growth of 6.43% [4] - The inventory turnover ratio is 1.00 times, an increase of 0.07 times compared to the same period last year, indicating a year-on-year increase of 7.21% [4] Shareholding Structure - The number of shareholders is 50,100, with the top ten shareholders holding a total of 484 million shares, accounting for 42.44% of the total share capital [4] - The largest shareholder is Tianrun United Group Co., Ltd., holding 15.36% of the shares [4]

Core Insights - Tianrun Industrial (002283.SZ) released its semi-annual report for 2025, indicating that as of August 21, 2025, five institutional investors held a total of 232 million shares, representing 20.32% of the company's total share capital [1] - The institutional holding percentage decreased by 1.89 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Tianrun United Group Co., Ltd., Tianrun Industrial Technology Co., Ltd. - 2023 Employee Stock Ownership Plan, Hong Kong Central Clearing Limited, and Xinyuan Zhiyuan Quantitative Stock Selection Mixed A [1] - The total institutional holding percentage is now at 20.32% [1] Public Funds - One new public fund disclosed this period, Xinyuan Zhiyuan Quantitative Stock Selection Mixed A, while three public funds were not disclosed compared to the previous quarter, including Yongying Ruixin Mixed A, Yongying High-end Manufacturing A, and Yongying Ruijian Progress Mixed A [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings this period, with a decrease of 0.71% [1]

Core Viewpoint - The company reported steady growth in 1H25, benefiting from the recovery in the truck industry and expansion in downstream applications [2] Financial Performance - In 1H25, revenue increased by 2.4% year-on-year to 1.94 billion yuan, and net profit attributable to shareholders rose by 5.7% to 197 million yuan [1] - In 2Q25, revenue was 949 million yuan, reflecting a quarter-on-quarter change of +0.7% and a year-on-year change of -5.7% [1] - The gross profit margin in 2Q25 was 22.9%, down 2.4 percentage points quarter-on-quarter but up 0.6 percentage points year-on-year [3] Industry Trends - The truck industry saw wholesale sales of heavy and light trucks increase by 6.9% and 6.7% respectively in 1H25, reaching 539,000 and 1,036,000 units [2] - The company’s market share for heavy engine crankshafts and diesel light engine crankshafts reached 60% and 42% respectively, benefiting from a mild recovery in the truck industry [2] - The company anticipates a 10% year-on-year increase in heavy truck sales in 2025, supported by vehicle replacement policies [2] Cost Control and Shareholder Returns - The company effectively controlled costs, with selling, R&D, management, and financial expense ratios showing improvements [3] - Operating cash flow in 2Q25 increased by 6.7% to 455 million yuan, while capital expenditures decreased by 19.7% to 122 million yuan [3] - The company announced a cash dividend of 0.50 yuan per 10 shares, resulting in a payout ratio of 29.4% [3] Strategic Acquisitions - The company plans to acquire 100% of Shandong Altai Automotive Parts Co., Ltd. for 135 million yuan to enhance its capabilities in aluminum alloy die-casting and lightweight products [4] - The acquisition is expected to strengthen the company’s position in the domestic passenger car market and improve its product and customer synergy [4] Profit Forecast and Valuation - The company maintains its profit forecasts for 2025 and 2026, with current stock prices corresponding to P/E ratios of 17.1 and 15.6 for those years [5] - The target price remains at 8.0 yuan, indicating a potential upside of 17.5% from the current stock price [5]

（文章来源：每日经济新闻） 天润工业（SZ 002283，收盘价：6.81元）8月21日晚间发布半年度业绩报告称，2025年上半年营业收入 约19.45亿元，同比增加2.36%；归属于上市公司股东的净利润约1.97亿元，同比增加5.69%；基本每股 收益0.17元，同比增加6.25%。 ...

Group 1 - Company Tianrun Industrial (SZ 002283) announced on August 21 that it will use up to RMB 1 billion of idle funds to purchase low-risk bank wealth management products, with the total amount not exceeding RMB 1 billion at any time [1] - The investment decision is authorized to the company's chairman, who will sign relevant legal documents [1] - For the first half of 2025, Tianrun Industrial's revenue is entirely derived from automotive parts, with a 100% contribution [1] Group 2 - As of the report date, Tianrun Industrial has a market capitalization of RMB 7.8 billion [1]

每经AI快讯，天润工业（SZ 002283，收盘价：6.81元）8月21日晚间发布公告称，公司第六届第二十三 次董事会会议于2025年8月21日在公司会议室以现场和通讯表决相结合的方式召开。会议审议了《关于 2025年半年度利润分配预案的议案》等文件。 2025年1至6月份，天润工业的营业收入构成为：汽车零部件占比100.0%。 截至发稿，天润工业市值为78亿元。 每经头条（nbdtoutiao）——核心产品净值仅剩7毛钱，昔日"公募一哥"任泽松怎么了？牛市踏空真相曝 光 （记者 王晓波） ...

天润工业技术股份有限公司 2025 年 半年度报告摘要 非标准审计意见提示 证券代码：002283 证券简称：天润工 业 公告编号：2025-039 天润工业技术股份有限公司 2025 年半年度报告摘要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监 会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 □适用 ?不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 ?适用 □不适用 是否以公积金转增股本 □是 ?否 公司经本次董事会审议通过的利润分配预案为：以截至 2025 年 6 月 30 日公司总股本 1,139,457,178 股扣除回购专户上已 回购股份后的股本为基数，向全体股东每 10 股派发现金红利 0.50 元（含税），送红股 0 股（含 税） ，不以公积金转增股 本。 董事会决议通过的本报告期优先股利润分配预案 □适用 ?不适用 控股股东报告期内变更 □适用 ?不适用 公司报告期控股股东未发生变更。 二、公司基本情况 | 股票简称 | | 天润工业 | | 股票代 | | | --- | ...

证券代码：002283 证券简称：天润工业 公告编号：2025-040 天润工业技术股份有限公司 关于 2025 年半年度利润分配预案的公告 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。 ，公司 2025 年半年度实现 归属于上市公司股东的净利润为 196,947,780.66 元，截至 2025 年 6 月 30 日 公司合并报表未分配利润为 3,153,981,271.19 元，母公司报表未分配利润为 可供股东分配的利润为 2,040,133,453.73 元。 为积极回报股东，与股东分享公司发展的经营成果，结合公司的实际情 况，拟定 2025 年半年度利润分配预案为：以截至 2025 年 6 月 30 日公司总股 本 1,139,457,178 股扣除回购专户上已回购股份后的股本为基数，向全体股东 每 10 股派发现金红利 0.50 元（含税） 一、审议程序 ）于 2025 年 8 月 21 日召 天润工业技术股份有限公司（以下简称"公司" 开第六届董事会第二十三次会议和第六届监事会第十六次会议，审议通过了 《关于 2025 年半年度利润分配预案的议案 ...

天润工业技术股份有限公司 天润工业技术股份有限公司（以下简称"公司"）第六届董事会独立 董事专门会议第三次会议于2025年8月15日召开，本次会议已于2025年8月 立董事曲国霞女士担任本次会议的召集人并主持本次会议，会议应出席独 立董事3人，实际出席独立董事3人。本次会议的召开和表决程序符合《上 市公司独立董事管理办法》和公司《独立董事工作制度》等规定。经各位 独立董事审议，会议形成如下决议： 一、会议以3票同意、0票反对、0票弃权，审议通过了《关于增加2025 年度日常关联交易预计额度的议案》。 经核查，我们认为：公司本次增加2025年度日常关联交易预计金额符 合公司实际生产经营的需要，关联交易价格参照市场价格确定，定价公允 合理，不存在违反公开、公平、公正原则的情况，不影响公司运营的独立 性，不存在损害公司和股东尤其是中小股东利益的情形，符合公司整体利 益。 我们对该事项表示同意，并同意将该议案提交公司董事会审议。 独立董事：曲国霞、孟红、姚春德 — 1 — ...

Meeting Information - The company held its 23rd meeting of the 6th Board of Directors on August 21, 2025, with all 9 directors present, including one via remote voting [1] - The meeting was conducted in accordance with the Company Law and the Articles of Association [1] Financial Report - The company approved the 2025 Half-Year Report and its summary, which is available on the company's official disclosure platforms [2][3] Profit Distribution Plan - The profit distribution plan for the first half of 2025 proposes a cash dividend of 0.50 RMB per 10 shares (tax included), based on a total share capital of 1,139,457,178 shares as of June 30, 2025 [2] - The plan will adjust the dividend amount if the total share capital changes due to stock options, convertible bonds, or share buybacks [2] Compliance and Justification - The profit distribution plan complies with relevant regulations and considers the company's current operating conditions, future development plans, and reasonable shareholder returns [3] Investment Decisions - The company approved the use of up to 1 billion RMB of idle funds to purchase low-risk bank financial products, with the investment decision authority granted to the chairman [5] - The company also agreed to increase the expected amount for daily related transactions with affiliated companies by 10 million RMB and 100,000 RMB respectively for 2025 [5]