公司股东陕西省国际信托股份有限公司（代表"陕国投·昌丰52号单一资 金信托"）保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 浙江万里扬股份有限公司（以下简称"公司"）于 2025 年 4 月 3 日披露了 《关于公司持股 5%以上股东减持股份的预披露公告》（2025-004），公司股东陕 西省国际信托股份有限公司（代表"陕国投·昌丰 52 号单一资金信托"）（以 下简称"陕国投·昌丰 52 号"），计划自上述公告披露之日起 15 个交易日后的 3 个月内（法律法规禁止减持的期间除外），通过集中竞价交易方式和/或大宗交 易方式减持公司股份不超过 1968.9 万股（不超过公司总股本的 1.5%）。其中， 通过集中竞价交易方式减持股份总数不超过公司总股本的 1%。 2025 年 5 月 13 日，公司收到陕国投·昌丰 52 号出具的《关于权益变动触 及 1%整数倍的告知函》。2025 年 5 月 13 日，陕国投·昌丰 52 号通过集合竞价 交易方式减持公司股份 1,483,100 股，通过大宗交易方式减持 ...

Group 1: Company Overview - The company operates in two main business areas: automotive parts and new energy storage [1] - The automotive parts business includes the R&D, production, and sales of transmission and drive system products for passenger vehicles, commercial vehicles, and new energy vehicles [1] - The company is expanding its non-road transmission/drive system products, including electric drive systems for construction machinery and high-power tractors [1] Group 2: Shareholder Information - The top shareholders include Guoyuan Trust and China Resources Trust, which are associated with Chery Automobile Co., Ltd. [2] Group 3: Robotics Components - The company has established a team for the industrialization of robotic reducer products, enhancing its product range and market share [3] Group 4: Heavy-duty Truck Transmission - The company has developed a full range of heavy-duty truck transmission products, including manual and automatic transmissions, and is conducting customer vehicle trials [4] Group 5: Light-duty Truck Transmission - The light-duty truck transmission business is growing steadily, with a focus on electric products and strong market demand [5] Group 6: Passenger Vehicle Transmission - The company has significantly increased its direct export sales of passenger vehicle transmissions in 2024 and is focusing on developing overseas markets [6] Group 7: New Energy Storage Business - The company has operational independent energy storage power stations in Guangdong and Zhejiang, with installed capacities of 100MW/200MWh and 100MW/200MWh respectively [7] - The company is actively developing new projects in Guangdong, Hainan, and Zhejiang to enhance its energy storage business [7] Group 8: Core Competitiveness - The company has nearly 30 years of experience in the automotive parts industry, producing over 1 million transmission assemblies and tens of millions of components annually, showcasing strong manufacturing and quality control capabilities [9]

Group 1: Company Overview - The company operates in two main business segments: automotive parts and new energy storage [1] - The automotive parts segment includes the R&D, production, and sales of transmission and drive system products for passenger vehicles, commercial vehicles, and new energy vehicles [1] - The new energy storage segment focuses on power-side storage power stations, grid-side independent storage power stations, user-side storage power stations, and electricity trading [1] Group 2: Passenger Vehicle Transmission Business - In 2024, the company's direct export sales of passenger vehicle transmission products saw a significant year-on-year increase [2] - The company is actively developing overseas clients to sustain revenue growth from international markets [2] - There is a strong push for electric vehicle (EV) reducers and related products, contributing to increasing sales [2] Group 3: Commercial Vehicle Transmission Business - The light truck transmission business is expanding with a focus on both manual and electric products, including P2 and PS hybrid systems [2] - The heavy truck transmission business includes AMT automatic transmissions and pure electric drive systems, with production and sales expected to grow as client models are launched [2] Group 4: New Energy Storage Business - The company has operational independent storage power stations in Zhaoqing, Guangdong (100MW/200MWh) and Yiwu, Zhejiang (100MW/200MWh) [3] - These projects leverage the company's extensive experience in design, integration, construction, and operation within the energy storage sector [3] - New project developments are underway in Guangdong, Hainan, and Zhejiang provinces to further enhance the new energy storage business [3] Group 5: Robotics Components Business - A dedicated team for the industrialization of robotic reducers has been established to enhance product offerings [4] - The company is focusing on the development and integration of harmonic reducers and planetary reducers to improve market share [4]

Group 1: Cost Control and Profitability - The company is accelerating the digitalization and intelligence of production and management to improve efficiency and product quality [1] - Increased investment in manufacturing digital upgrades and projects has raised operational costs, impacting gross and net profit margins [2] - Continuous promotion of technology and process cost reduction to enhance profitability [2] Group 2: Energy Storage Business Expansion - The company has operationalized two independent energy storage power stations with a total capacity of 200MW/400MWh [2] - Future projects include additional energy storage stations in Guangdong (200MW/400MWh), Hainan (50MW/100MWh), and multiple projects in Zhejiang [2] - The company aims to leverage its technological and operational advantages to accelerate project construction and operation [2] Group 3: International Market Development - Direct export sales of passenger car gearboxes have increased by 1071.31% year-on-year, indicating significant progress in international market expansion [3] - The establishment of an international business division to further develop overseas markets and increase sales revenue [3] Group 4: Research and Development Focus - The company is focusing on the development of automatic and electric drive products for commercial vehicles, enhancing its product offerings [4] - The company has established a team for the industrialization of robotic reducer products, aiming to improve market share [3] Group 5: Future Growth Strategies - The company plans to expand its passenger vehicle gearbox business internationally and enhance its product line for electric vehicles [5] - Development of new energy storage projects and improvement of operational efficiency for existing energy storage stations are key future strategies [5] - The company is also focusing on the development of non-road transmission systems and robotic reducer products to create new growth points [5]

Group 1 - The core viewpoint of the articles highlights the strong financial performance of Zhejiang Wanliyang Co., Ltd. in Q1 2025, with revenue of 1.324 billion yuan, a year-on-year increase of 8.74%, and a net profit of 108 million yuan, up 19.15% [1] - The company reported a significant increase in net cash flow from operating activities, amounting to 113 million yuan, indicating improved cash management [1] - Wanliyang's subsidiary, Zhejiang Wanliyang Energy Technology Co., Ltd., achieved remarkable growth in its new energy storage business, with revenue of 191 million yuan in 2024, a staggering increase of 410.98% [1] Group 2 - The energy subsidiary signed contracts for over 6.5 billion kilowatt-hours of retail market electricity in 2024 and traded 1.6 million green certificates domestically [1] - The company is strategically transitioning from equipment supplier to solution provider in the power safety simulation market, which is currently valued at approximately 12 billion yuan with an annual compound growth rate of 18% [2] - Wanliyang is advancing its manufacturing sector's digital transformation and is developing products such as robotic harmonic reducers and planetary reducers, with successful prototype testing already completed [2]

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,324,142,274.59, representing an increase of 8.74% compared to ¥1,217,669,977.59 in the same period last year[5]. - Net profit attributable to shareholders was ¥107,775,377.33, up 19.15% from ¥90,454,909.74 year-on-year[5]. - Basic and diluted earnings per share were both ¥0.08, reflecting a 14.29% increase from ¥0.07 in the same period last year[5]. - Net profit for the current period was ¥112,102,328.75, representing a 27.87% increase from ¥87,632,234.97 in the previous period[20]. - Earnings per share (EPS) for the current period was ¥0.08, compared to ¥0.07 in the previous period[21]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 185.43%, reaching ¥113,040,052.27, compared to a negative cash flow of -¥132,323,676.94 in the previous year[5][10]. - Operating cash inflow for the current period reached ¥1,310,922,232.44, an increase of 11.2% compared to ¥1,179,132,139.23 in the previous period[22]. - Total cash outflow from operating activities decreased to ¥1,197,882,180.17 from ¥1,311,455,816.17, reflecting improved operational efficiency[23]. - Cash inflow from financing activities was ¥240,258,110.00, down from ¥817,000,000.00 in the previous period, primarily due to lower borrowings[23]. - The ending cash and cash equivalents balance decreased to ¥366,067,240.88 from ¥480,144,073.72, reflecting overall cash management challenges[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,958,898,579.90, a 2.69% increase from ¥10,671,944,067.61 at the end of the previous year[5]. - Total liabilities rose to ¥5,001,205,425.51, up from ¥4,826,611,351.97, indicating an increase of 3.61%[17]. - The company reported a total current assets of CNY 4,574,637,729.27 as of March 31, 2025, an increase from CNY 4,337,231,540.57 at the beginning of the period, reflecting a growth of approximately 5.5%[15]. - Accounts receivable increased to CNY 1,682,370,592.55 from CNY 1,618,357,551.03, indicating a rise of about 3.95%[15]. - Inventory levels rose to CNY 1,141,528,880.39 from CNY 1,099,087,044.24, marking an increase of approximately 3.9%[15]. Investment and Shareholder Information - The company's investment income for the period was ¥11,594,000, a significant recovery from a loss of ¥515,800 in the same period last year[9][10]. - The largest shareholder, Wanliyang Group Co., Ltd., held 29.26% of the shares, totaling 384,075,744 shares, with 226,250,000 shares pledged[12]. - The company has established various single fund trusts, including the Shan Guo Tou Chang Feng 52 and Chang Sheng 1, each holding 79,000,000 shares[13]. - The top ten unrestricted shareholders collectively hold a significant number of shares, with the largest being the aforementioned Wanliyang Group Co., Ltd.[13]. Operational Efficiency - Total operating costs amounted to ¥1,218,736,953.06, up from ¥1,153,518,271.44, reflecting a growth of 5.66%[19]. - Payments for goods and services decreased to ¥708,366,821.44 from ¥903,977,360.00, suggesting cost control measures were effective[22]. - Research and development expenses for the current period were ¥57,980,741.12, slightly up from ¥56,550,608.91[19]. Strategic Initiatives - The company is exploring market expansion strategies, although specific details on new products or technologies were not disclosed in the current report[13]. - There are indications of potential strategic partnerships or acquisitions, particularly involving related parties such as Chery Automobile Co., Ltd.[13]. Audit and Compliance - The company did not undergo an audit for the first quarter report, which may impact investor confidence in the financial disclosures[24].

Group 1 - Wanliyang (002434.SZ) released its 2024 annual report on April 23, 2025, indicating that as of April 22, 2025, 83 institutional investors disclosed holding a total of 849 million shares, accounting for 64.68% of the total share capital [1] - The top ten institutional investors include Wanliyang Group Co., Ltd., Shaanxi International Trust Co., Ltd., Anhui Guoyuan Trust Co., Ltd., and others, with a combined holding ratio of 63.50%, which is a slight decrease of 0.06 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 73 new public funds were disclosed this period, including Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and others [2] - Four public funds were not disclosed this period compared to the previous quarter, including Jianxin CSI 1000 Index Enhanced A and others [2] - Regarding foreign investment, one foreign fund, Hong Kong Central Clearing Limited, reduced its holdings slightly this period [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 一、重要提示 本年度报告摘要来自年度报告全文，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。 非标准审计意见提示 □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 证券代码：002434 证券简称：万里扬 公告编号：2025-018 √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：以公司总股本1,312,600,000股为基数，向全体股东每10 股派发现金红利1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 二、公司基本情况 1、公司简介 ■ 2、报告期主要业务或产品简介 新能源汽车传/驱动系统包括纯电动汽车EV减速器、"三合一"和"多合一"电驱动系统、ECVT电驱动系 统、乘用车DHT混动系统、商用车混动系统和电驱动系统。 同时，公司大力发展非公路传/驱动系统产品，包括工程机械电驱动系统、大马力农机CVT、中大马力 农机动力换挡 ...

Group 1 - The company held the fifth meeting of the sixth board of directors and the fifth meeting of the sixth supervisory board, with resolutions passed regarding various proposals [5][6][8][11][13][15][17][20][25][26]. - The company plans to provide guarantees for its subsidiaries to support their operational needs, with a total guarantee amount of RMB 380 million [30][46]. - The company has reported a total of RMB 4,093.4 million in credit impairment and asset impairment provisions for the year 2024, which will reduce the total profit for that year by the same amount [23][25][26]. Group 2 - The company has proposed to reappoint Tianjian Accounting Firm as its auditor for the year 2025, pending approval from the shareholders' meeting [51][60]. - The audit firm has a strong track record and has complied with relevant regulations, ensuring investor protection through risk funds and insurance [54][59]. - The board of directors has unanimously approved the proposal to reappoint the audit firm, indicating confidence in its capabilities [60][61].

Core Viewpoint - Wanliyang (002434.SZ) reported a slight increase in revenue for 2024, but a significant decrease in net profit due to high investment costs in digital upgrades and new projects [1][2] Financial Performance - In 2024, Wanliyang achieved operating revenue of 6.013 billion yuan, a year-on-year increase of 1.69% [1] - The company's net profit attributable to shareholders was 240 million yuan, a decrease of 20.30% [1] - The non-recurring net profit was 220 million yuan, showing a slight increase of 0.34% [1] - Operating cash flow was 464 million yuan, up 4.62% year-on-year, indicating stable operational quality [1] New Business Growth - The new energy storage business showed strong growth, contributing significantly to profits with revenue of 191 million yuan, a year-on-year increase of 410.98% [1] - The energy company signed contracts for over 6.5 billion kWh of retail market electricity and traded 1.6 million green certificates domestically [2] - The company has operational independent energy storage stations in Guangdong and Zhejiang, yielding good returns [1][2] Product Development and Innovation - Wanliyang invested 336 million yuan in R&D in 2024, accounting for 5.59% of operating revenue [3] - The company is developing new products such as robotic harmonic reducers and planetary reducers, with successful prototype testing [3] - The Smart Star series of heavy-duty truck gearboxes has gained recognition from major domestic commercial vehicle clients, with 12 models in mass production and 15 models in calibration [2] Shareholder Returns - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling 131 million yuan, with a payout ratio of 54.69% [3] Strategic Vision - Wanliyang aims to become a world-class automotive parts supplier, focusing on the trends of electrification, intelligence, connectivity, and automation in the automotive industry [3] - The company is committed to expanding its core automotive parts business and developing new revenue streams in non-road vehicle transmission/driving systems and humanoid robot components [3]