Group 1 - The company, Zhejiang University Network New (600797.SH), announced its plan to sell 48.6 million shares of Wanliyang (002434.SZ) through the secondary market at an opportune time [1]

Core Viewpoint - Zhejiang University Network New announced plans to sell 48.6 million shares of Wanliyang stock through the secondary market, with an expected transaction amount of 475 million yuan [1] Summary by Categories Company Actions - The sale of shares does not constitute a related party transaction or a major asset restructuring [1] - The decision has been approved by the company's 11th Board of Directors at its 9th meeting, and there is no need for shareholder approval [1] - The sale methods include centralized bidding and block trading, with an authorization period of 12 months from the date of board approval [1] Financial Implications - The expected transaction amount from the sale is 475 million yuan [1] - The selling price will be determined based on the stock price trends in the secondary market [1]

Core Viewpoint - Zhejiang University Network New (600797.SH) plans to sell 48.6 million shares of Zhejiang Wanliyang Co., Ltd. (002434) to enhance its core business development and optimize its asset structure [1] Group 1 - The company acquired 48.6 million shares of Wanliyang in the secondary market in 2020 [1] - The decision to sell is based on a careful assessment of the current macroeconomic situation and capital market conditions [1] - The sale aims to improve asset liquidity and optimize the company's asset-liability structure [1]

Core Viewpoint - Zhejiang University Network New (600797) plans to sell 48.6 million shares of Wanliyang (002434) through the secondary market at an opportune time [1] Group 1 - The company holds a significant stake in Wanliyang, indicating a strategic move to optimize its investment portfolio [1] - The decision to sell shares suggests a potential shift in the company's investment strategy or liquidity needs [1]

Core Viewpoint - Zhejiang University NetNew Technology Co., Ltd. plans to sell 48.6 million shares of Zhejiang Wanliyang Co., Ltd. stock acquired in 2020, with an estimated transaction amount of 474.82 million yuan based on the stock price before September 26, 2025 [1] Summary by Relevant Sections - **Proposed Transaction** The company intends to sell 48.6 million shares of Zhejiang Wanliyang, with an expected transaction value of 474.82 million yuan, calculated based on the closing stock price prior to September 26, 2025 [1] - **Cost Basis** The book cost of the shares is 41.0184 million yuan, indicating a potential gain from the sale [1] - **Authorization Period** The authorization for this transaction is valid for 12 months from the date the board approves the proposal [1] - **Transaction Classification** This transaction does not constitute a related party transaction or a major asset restructuring. If the amount involved reaches the threshold for shareholder meeting review, a separate meeting will be convened [1]

证券日报网讯万里扬（002434）9月25日在互动平台回答投资者提问时表示，目前与特斯拉没有合作业 务。 ...

Group 1 - The company plans to integrate its business resources and advantages internally while actively consolidating industry resources externally to promote the growth of its robot components business [1] - The company's strategy is aligned with the development trends of the robotics industry [1] - The company aims to continuously develop and strengthen its robot components business based on business development needs [1]

Core Viewpoint - Wanliyang is expanding into the robotics components market through its subsidiary, Wanliyang Robotics, which is developing products for multiple clients and aims to enhance manufacturing efficiency and product differentiation to improve profit margins [1][2][3] Group 1: Company Developments - Wanliyang announced that Wanliyang Robotics is developing 10 products, including harmonic reducers and planetary joint modules, for two clients, with testing set to begin in early November [1] - The company has completed initial product platform planning, which includes various types of reducers and controllers, and aims to standardize designs for mass production [2][3] - The robotics division has a core team of over 30 members, with more than 60% holding advanced degrees, focusing on comprehensive development capabilities [3] Group 2: Market Position and Challenges - The robotics components market is highly competitive, with approximately 200 domestic companies involved, leading to reduced profit margins, particularly in planetary reducers where gross margins have fallen below 20% [2][3] - Wanliyang aims to leverage its experience in automotive component manufacturing to control production and procurement costs in the robotics sector [3][4] Group 3: Product Features and Innovations - The company's products exhibit advantages in torque density, temperature control, positioning accuracy, and transmission efficiency, with temperature control capabilities significantly better than industry averages [4] - Wanliyang Robotics is developing various types of reducers, including planetary and harmonic reducers, to cater to different robotic applications, with a focus on both high precision and cost-effective solutions [5][6] Group 4: Future Plans - The company plans to complete platform development by February 2026, aiming to create a standardized technology platform that allows for customizable product offerings based on client needs [7] - Application development is currently underway for two clients, with products expected to be assembled by the end of September and tested in November [7]

机构持仓方面，截止2025年6月30日，万里扬十大流通股东中，香港中央结算有限公司位居第八大流通 股东，持股1895.40万股，相比上期增加126.33万股。 责任编辑：小浪快报 融券方面，万里扬9月24日融券偿还2.17万股，融券卖出2.75万股，按当日收盘价计算，卖出金额28.08 万元；融券余量26.52万股，融券余额270.77万元，超过近一年90%分位水平，处于高位。 9月24日，万里扬涨1.79%，成交额6.80亿元。两融数据显示，当日万里扬获融资买入额9382.19万元， 融资偿还7708.44万元，融资净买入1673.75万元。截至9月24日，万里扬融资融券余额合计4.98亿元。 分红方面，万里扬A股上市后累计派现20.79亿元。近三年，累计派现5.25亿元。 融资方面，万里扬当日融资买入9382.19万元。当前融资余额4.95亿元，占流通市值的3.69%，融资余额 超过近一年90%分位水平，处于高位。 资料显示，浙江万里扬股份有限公司位于浙江省金华市宾虹西路3999号，成立日期2003年10月22日，上 市日期2010年6月18日，公司主营业务涉及汽车变速器及其它汽车零部件的研发、生产和销售 ...

Group 1 - The company was asked about the competitiveness of its energy storage business and whether it plans to extend into solid-state battery technology [1] - The company indicated that details regarding its energy storage business's competitive advantages can be found in its 2025 semi-annual report [1] - Currently, the company has no plans to expand into solid-state battery business [1]