Core Viewpoint - The company announced that its associate, Wanliyang Energy, plans to increase its registered capital, with the company and other existing shareholders waiving their preemptive rights to participate in the capital increase [1] Group 1: Capital Increase Details - Wanliyang Group, the controlling shareholder, will invest 133 million yuan to subscribe for the newly registered capital of 38 million yuan [1] - After the capital increase, Wanliyang Group's shareholding ratio will rise to 44.6479%, making it the largest shareholder [1] - The company's shareholding ratio will be diluted from 47.0523% to 40.0345% [1] Group 2: Transaction Classification - This transaction is classified as a related party transaction and does not constitute a major asset reorganization [1] - The transaction aligns with the company's long-term interests and is not expected to have a significant adverse impact on its financial and operational performance [1]

Core Insights - The automotive reducer industry in China has established a complete and closely coordinated industrial chain, with upstream focusing on raw materials and core components, midstream dominated by international giants like BorgWarner, and local companies like Jingzhu Technology and Shuanghuan Transmission gaining significant market share in mainstream and new energy segments [1][6][10] - The market is experiencing steady growth, closely tied to the explosive growth of the automotive industry, particularly in new energy vehicles (NEVs), with local companies making rapid advancements through technological breakthroughs [1][9][10] - Future developments in the industry will focus on deep technological iterations, industry consolidation, and ecological collaboration, with products evolving towards high-speed, low-noise, lightweight, and integrated designs [1][10][14] Industry Overview - Automotive reducers are key components in the automotive transmission system, responsible for reducing speed and increasing torque to provide suitable driving power [2][3] - The industry is characterized by a tight integration of upstream and downstream sectors, with a strong emphasis on localization and integration [6][9] Market Dynamics - The demand for automotive reducers is driven by the rapid growth of the passenger vehicle market, particularly electric and hybrid models, which require lightweight and high-efficiency products [6][7] - In the commercial vehicle sector, the demand for reducers is focused on heavy load and high reliability, with structural upgrades driven by the rise of automatic transmissions and new energy vehicles [7][9] Competitive Landscape - The competitive landscape is marked by a clear stratification, with international giants dominating the high-end market while local companies rapidly rise in the mid-range and NEV segments [10][11] - Key players include Shuanghuan Transmission, Jingzhu Technology, and others, who are establishing themselves as core suppliers for NEV gears [10][12] Future Trends - The industry is expected to evolve along three main directions: technological iteration focusing on precision and integration, industry consolidation with a focus on high-end breakthroughs by local brands, and ecological collaboration emphasizing standardization and cross-industry integration [10][14] - The adoption of advanced materials and manufacturing techniques will drive the development of high-speed, low-noise, and lightweight reducers, with a significant shift towards integrated electric drive systems [12][13]

Core Viewpoint - The company is making significant progress in its agricultural machinery transmission system business, leveraging its automotive industry expertise and advanced manufacturing capabilities to meet growing market demand for automated transmission systems in agriculture [1] Group 1: Product Development - The company's agricultural machinery transmission products include high-power tractor CVTs and power-shifting/reversing systems for medium to high-power tractors [1] - The medium to high-power tractor power-shifting/reversing system has already been mass-produced and is experiencing strong market demand [1] - The high-power tractor CVT is currently undergoing prototype testing [1] Group 2: Market Demand and Growth - The demand for automated transmission systems in the domestic agricultural machinery market is significantly driven by government subsidies for agricultural automation and the need for improved mechanization efficiency [1] - The company is also developing international markets, which will effectively boost the sales and revenue growth of its agricultural machinery transmission products [1]

Core Viewpoint - Wanliyang (002434) is actively developing and manufacturing robotic components, including harmonic reducers and planetary joint modules, for multiple clients, indicating a strong focus on expanding its market presence in the robotics sector [1] Group 1: Product Development - The company is currently developing 11 products for 2 clients, which include harmonic reducers and joint modules [1] - Three models of planetary joint modules have already been manufactured, with other products expected to be completed and delivered for testing soon [1] - The company is engaging in technical exchanges and product alignments with multiple clients to promote the development of additional market opportunities [1] Group 2: Production Capacity - The existing processing equipment and technology can support the manufacturing of various robotic component processes [1] - The company has made improvements to its testing and processing equipment, with new equipment expected to be in place and operational by March 2026, and to reach mass production by May 2026 [1]

Group 1: Robotics Components Business Progress - The company's robotics components include motors, harmonic reducers, planetary reducers, and joint modules [2] - Currently, the company is developing 11 products for 2 clients, including harmonic reducers and joint modules, with 3 models of planetary joint modules already manufactured [2] - The company is actively engaging in technical exchanges with multiple clients to expand its customer base [2] - Existing processing equipment and technology can meet the manufacturing needs for various processes, with new testing and processing equipment expected to be operational by March 2026 and in mass production by May 2026 [2] Group 2: Heavy-duty Truck Transmission Business Progress - The heavy-duty truck transmission products include MT manual transmissions, AMT automatic transmissions, hybrid systems, and pure electric drive systems [3] - The series of heavy-duty truck transmissions have been successfully launched in multiple models from major domestic truck manufacturers, showing strong market competitiveness and driving growth in production and sales [3] Group 3: Agricultural Machinery Transmission System Business Progress - The agricultural machinery transmission products include CVTs for high-horsepower tractors and power shifting/reversing systems for medium and large tractors [3] - The company leverages its accumulated technical and manufacturing advantages to achieve market-leading product performance, receiving high praise from clients [3] - The power shifting/reversing system for medium and large tractors is already in mass production, while the CVT for high-horsepower tractors is undergoing prototype testing [3] - Government subsidies for agricultural automation and increasing efficiency demands are expected to significantly boost market demand for automated transmission systems, alongside the company's efforts to develop international markets [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002434 证券简称：万里扬 公告编号：2025-058 浙江万里扬股份有限公司 2025年第二次临时股东会决议公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议； 3、本次股东会以现场投票和网络投票相结合的方式召开。 （1）通过深圳证券交易所交易系统进行网络投票的具体时间为2025年12月08日上午9：15至9：25，9： 30 至11：30，下午13：00 至15：00； 一、会议召开和出席情况 （一）会议召开情况 （2）通过深圳证券交易所互联网投票系统投票的具体时间为2025年12月08日上午9：15至下午15：00 期间的任意时间。 2、现场会议地点：浙江省金华市宾虹西路3999号 浙江万里扬股份有限公司二楼会议室。 3、会议召开方式：现场投票和网络投票相结合的方式。 4、会议召集人：公司董事会 5、会议主持人：董事长黄河清先生 1、会议召开时间 现场会议时间：2025年12月08日（星期一） ...

关于选举第六届董事会职工代表董事的公告 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。 证券代码：002434 证券简称：万里扬 公告编号：2025-059 浙江万里扬股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》、中国证监会 《上市公司章程指引》、《深圳证券交易所股票上市规则》、《关于新〈公司法〉 配套制度规则实施相关过渡期安排》等有关法律法规、规范性文件的规定，浙江 万里扬股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日召开了 2025 年 第二次临时股东会，审议通过了《关于修订<公司章程>的议案》，根据修订后的 《公司章程》规定，公司董事会由 9 名董事组成，其中独立董事 3 名，由职工代 表担任的董事 1 名，设董事长 1 名。 浙江万里扬股份有限公司 董事会 2025 年 12 月 9 日 附：职工代表董事简历 张雷刚：男，1985 年生，中国国籍，汉族，中共党员，本科学历，高级经 济师。历任浙江万里扬变速器有限公司财务部会计；浙江万里扬股份有限公司董 事会办公室副主任、证券事务代表。现任公司董事、财务总监、董 ...

浙江六和律师事务所 关于浙江万里扬股份有限公司 2025 年第二次临时股东会的 法律意见书 浙六和法意(2025)第 2424 号 致：浙江万里扬股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》等法律、 法规、规范性文件及《浙江万里扬股份有限公司章程》（以下简称"《公司章程》"） 的规定，浙江六和律师事务所接受浙江万里扬股份有限公司（以下简称"公司"） 委托，指派张琦律师、高美娟律师（以下简称"六和律师"）出席了公司 2025 年第二次临时股东会，对本次股东会的相关事项进行见证，并对本次股东会的召 集、召开程序、出席会议人员资格、召集人资格、会议的表决程序、表决结果的 有效性等事宜出具本法律意见书。 本法律意见书是六和律师根据对本次股东会事实的了解及对我国现行法律、 法规和规范性文件的理解而出具的。 （一）本次股东会的召集 根据公司第六届董事会第十一次会议，公司于 2025 年 11 月 21 日在《证券 时报》《证券日报》《中国证券报》及巨潮资讯网（http://www.cninfo.com.cn） 上刊载了《 ...

证券代码：002434 证券简称：万里扬 公告编号：2025-058 浙江万里扬股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议； 3、本次股东会以现场投票和网络投票相结合的方式召开。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 现场会议时间：2025 年 12 月 08 日（星期一）14:00 开始。 网络投票时间：2025 年 12 月 08 日。其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 12 月 08 日上午 9：15 至 9：25，9：30 至 11：30，下午 13：00 至 15：00； （2）通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 12 月 08 日上午 9：15 至下午 15：00 期间的任意时间。 2、现场会议地点：浙江省金华市宾虹西路 3999 号 浙江万里扬股份有限公 司二楼会议室。 3、会议召开方式：现场投票和 ...

(记者 刘志远 张益铭) 每经AI快讯，"A股绿色报告"项目监控到的数据显示，万里扬（SZ002434）控股子公司浙江万里扬智能制造有限公司年产300万套新 能源汽车齿轮表面处理技改项目环评审批获原则同意。该项目总投资额达350万元。该审批信息于2025年11月25日被相关监管机构披 露。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 "A股绿色报告"项目由每日经济新闻联合环保领域知名NGO公众环境研究中心（IPE）共同推出，旨在让上市公司环境信息更加阳光 透明。本项目基于31个省（区、市）、337个地级市政府发布的权威环境监管数据，筛选监控上市公司及其旗下公司（包括分公司、 参股公司和控股公司）的环境表现，加以专业数据分析及深入解读，每日智能写作及时发布上市公司AI绿报，每周推出A股绿色周 报，定期动态更新上市公司环境风险榜。 2025年半年报显示，万里扬的主营业务为汽车零部件制造业、储能业务、融资租赁收入，占营收比例分别为：94.97%、4.53%、 0.5%。 | 市值(亿元) | 时间 | 2023Y | 2024Y | 2025前三 | | --- | --- ...