Company Overview - Wanliyang Co., Ltd. is located in Jinhua, Zhejiang Province, established on October 22, 2003, and listed on June 18, 2010. The company specializes in the research, production, and sales of automotive transmissions and other automotive components [1] - The main business revenue composition includes automotive transmissions and parts (89.64%), other (5.33%), energy storage and electricity trading (4.53%), and financing leasing (0.50%) [1] Financial Performance - As of June 30, 2025, Wanliyang achieved operating revenue of 2.812 billion yuan, representing a year-on-year growth of 2.69%. The net profit attributable to shareholders was 277 million yuan, showing a significant year-on-year increase of 50.24% [2] - Since its A-share listing, Wanliyang has cumulatively distributed cash dividends amounting to 2.079 billion yuan, with 525 million yuan distributed over the past three years [3] Stock Market Activity - On September 19, Wanliyang's stock price decreased by 2.05%, trading at 9.56 yuan per share, with a total market capitalization of 12.548 billion yuan [1] - The stock has seen a year-to-date increase of 56.72%, with a 5-day increase of 11.03%, a 20-day increase of 10.52%, and a 60-day increase of 32.41% [1] - As of June 30, 2025, the number of shareholders decreased by 8.48% to 39,300, while the average circulating shares per person increased by 9.26% to 33,356 shares [2] Capital Flow - In terms of capital flow on September 19, there was a net outflow of 15.1149 million yuan from main funds, with large orders buying 89.2989 million yuan (19.21%) and selling 97.8265 million yuan (21.05%) [1] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 1.2633 million shares to 18.954 million shares [3]

Core Viewpoint - Wanliyang is making significant progress in its robotics and energy storage businesses, driven by substantial R&D investments and a focus on operational efficiency [1][2][3][4]. Robotics Business - Wanliyang has initiated the development of precision transmission products for robotics, involving six products for two clients, with plans for trial deliveries [1][2]. - The company established Zhejiang Wanliyang Robotics Technology Co., Ltd. in May 2025 to focus on R&D and industrialization of robotic products, completing platform planning for various product categories [1][2]. Energy Storage Business - Wanliyang's subsidiary, Wanliyang Energy, has operational energy storage power stations in Guangdong and Gansu, primarily providing frequency regulation services to power plants [2]. - The company plans to develop independent energy storage stations on the grid side and user-side energy storage stations in the coming years [2]. R&D Investment - From 2020 to 2024, Wanliyang's R&D expenses exceeded 3 billion yuan annually, totaling 1.82 billion yuan over five years and the first half of 2025 [3][4]. Financial Performance - Wanliyang's revenue has fluctuated around 6 billion yuan, with net profit declining from 617 million yuan in 2020 to 240 million yuan in 2024 [4]. - In the first half of 2025, the company reported revenue of 2.81 billion yuan, a year-on-year increase of 2.69%, and net profit of 277 million yuan, up 50.24% [4]. - The company has seen a significant increase in cash flow from operating activities, with a 220.35% year-on-year growth [4]. Stock Performance - Wanliyang's stock price has risen significantly, from 6.1 yuan per share at the beginning of the year to a high of 10.28 yuan on September 18, marking a maximum increase of 68.52% [6].

Core Viewpoint - The company Wanliyang (002434) is focusing on the development of energy storage power stations, particularly in the grid-side and user-side sectors, to provide flexible power regulation services [1] Group 1: Current Operations - Wanliyang's subsidiary, Wanliyang Energy, has operational energy storage power stations in Guangdong and Gansu provinces, primarily providing frequency regulation services for power plants [1] - The company has already put into operation two grid-side independent energy storage power stations: the "Wanliyang Duanzhou Independent Energy Storage Station" in Zhaoqing, Guangdong, with a capacity of 100MW/200MWh, and the "Yiwu Wanliyang Suxi Substation Independent Energy Storage Station" in Yiwu, Zhejiang, also with a capacity of 100MW/200MWh [1] Group 2: Future Developments - The company plans to focus on the development of grid-side independent energy storage stations and user-side energy storage stations in the coming years [1] - Currently under construction are two grid-side independent energy storage stations: the "Wanliyang Gaoming Independent Energy Storage Station" in Foshan, Guangdong, with a capacity of 200MW/400MWh, and the second phase of the "Yiwu Wanliyang Suxi Substation Independent Energy Storage Station" in Yiwu, Zhejiang, with a capacity of 50MW/100MWh, expected to be operational in the second half of 2025 [1]

格隆汇9月18日丨万里扬(002434.SZ)公布，公司收到华润信托·华颖16号出具的《关于权益变动触及1% 整数倍及股份减持计划期限届满暨实施结果的告知函》，2025年8月22日至2025年9月17日期间，华润信 托·华颖16号通过集合竞价交易方式累计减持公司股份13,126,000股，通过大宗交易方式累计减持公司股 份0股，合计减持公司股份13,126,000股，占公司总股本的1.00000%。华润信托·华颖16号及其一致行动 人安徽国元信托有限责任公司（代表"国元信托-安瑞1号单一资金信托"）和奇瑞汽车股份有限公司合计 持有公司股份比例从12.59251%下降至11.59251%，权益变动触及1%的整数倍。 ...

格隆汇9月18日丨万里扬(002434.SZ)公布，公司收到华润信托·华颖16号出具的《关于权益变动触及1% 整数倍及股份减持计划期限届满暨实施结果的告知函》，2025年8月22日至2025年9月17日期间，华润信 托·华颖16号通过集合竞价交易方式累计减持公司股份13,126,000股，通过大宗交易方式累计减持公司股 份0股，合计减持公司股份13,126,000股，占公司总股本的1.00000%。华润信托·华颖16号及其一致行动 人安徽国元信托有限责任公司（代表"国元信托-安瑞1号单一资金信托"）和奇瑞汽车股份有限公司合计 持有公司股份比例从12.59251%下降至11.59251%，权益变动触及1%的整数倍。 ...

证券代码：002434 证券简称：万里扬 公告编号：2025-044 浙江万里扬股份有限公司 关于公司持股5%以上股东权益变动触及1%整数倍 及股份减持计划期限届满暨实施结果的公告 公司股东华润深国投信托有限公司（代表"华润信托·华颖16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。 2025 年 9 月 18 日，公司收到华润信托·华颖 16 号出具的《关于权益变动触及 1%整数倍及股份减持计划期限届满暨实施结果的告知函》，2025 年 8 月 22 日至 2025 年 9 月 17 日期间，华润信托·华颖 16 号通过集合竞价交易方式累计减持公司股份 13,126,000 股，通过大宗交易方式累计减持公司股份 0 股，合计减持公司股份 13,126,000 股，占公司总股本的 1.00000%。华润信托·华颖 16 号及其一致行动人 安徽国元信托有限责任公司（代表"国元信托-安瑞 1 号单一资金信托"）和奇瑞汽 车股份有限公司合计持有公司股份比例从 12.59251%下降至 11.5 ...

每经AI快讯，有投资者在投资者互动平台提问：奇瑞是万里扬的大股东和第一大客户，万里扬充分发 挥在汽车传动领域积累的优势，重点发展谐波减速器和行星减速器等产品，与奇瑞在人形机器人项目上 合作共创新科技。请问目前有什么进展？ 万里扬（002434.SZ）9月18日在投资者互动平台表示， 目前， 公司已经开始启动首批机器人关节精密 传动产品项目，包含了2个客户共6个产品的开发制造，将陆续交付客户进行试验验证。同时，正积极对 接获取更多客户和更多产品项目的开发制造。 （文章来源：每日经济新闻） ...

Core Viewpoint - The company, Wanliyang, is actively developing its energy storage projects, focusing on both grid-side and user-side energy storage systems, with significant operational capacity already established and future projects underway [1] Group 1: Current Operations - The subsidiary, Wanliyang Energy, has operational energy storage power stations in Guangdong and Gansu provinces, primarily providing frequency regulation services to power plants [1] - Two grid-side independent energy storage stations are already operational: the "Wanliyang Danzhou Independent Energy Storage Station" in Zhaoqing, Guangdong, with a capacity of 100MW/200MWh, and the "Yiwu Wanliyang Suxi Transformer Independent Energy Storage Station" in Yiwu, Zhejiang, also with a capacity of 100MW/200MWh [1] Group 2: Future Developments - The company plans to focus on developing grid-side independent energy storage stations and user-side energy storage stations in the coming years [1] - Ongoing construction includes the "Wanliyang Gaoming Independent Energy Storage Station" in Foshan, Guangdong, with a capacity of 200MW/400MWh, and the second phase of the "Yiwu Wanliyang Suxi Transformer Independent Energy Storage Station" in Yiwu, Zhejiang, with a capacity of 50MW/100MWh, expected to be operational in the second half of 2025 [1]

Core Viewpoint - Wanliyang (002434) is actively developing energy storage projects, focusing on both generation-side and grid-side energy storage systems to provide flexible power regulation services [1] Group 1: Company Developments - Wanliyang's subsidiary, Wanliyang Energy, has operational energy storage power stations in Guangdong and Gansu provinces, primarily providing frequency regulation services for power plants [1] - The company plans to focus on the development of independent energy storage stations on the grid side and user-side energy storage stations in the coming years [1] Group 2: Industry Services - The grid-side independent energy storage stations will mainly offer peak shaving, frequency regulation, backup, and black start services to enhance the flexibility of power supply [1]

Group 1 - The company is currently developing precision transmission products for robots, specifically harmonic reducers, harmonic joint modules, and planetary joint modules [2] - The company has mentioned the development expansion involving two clients and six products, although specific details about the clients and products were not disclosed [2] - Future collaborations and additional robot products are anticipated, but no specific information was provided regarding these developments [2]