Core Insights - Wan'an Technology (002590.SZ) has signed investment agreements with Shenzhen Tongchuan Technology Co., Ltd. and several other partners, committing to invest RMB 20 million, resulting in a 2.72% equity stake in Tongchuan Technology [1] Group 1: Company Investment - The investment is part of an agreement to enhance collaboration in the field of embodied intelligent robotics [2] - The investment will enable Wan'an Technology to leverage its expertise in smart electric vehicles to expand into the robotics sector [2] Group 2: Industry Context - The robotics industry is experiencing significant growth potential, with major cities like Beijing, Shanghai, and Zhejiang establishing billion-level industrial funds to promote the commercialization of embodied intelligent technology [2] - Harmonic reducers, a key component in robotics, are widely integrated across the industrial system, highlighting the importance of companies like Tongchuan Technology that focus on core component development [2] - Tongchuan Technology has developed advanced technologies in harmonic reducers and mechatronic joints, achieving notable performance and cost competitiveness, validated by multiple clients in the robotics sector [2]

Group 1 - Company signed an investment agreement with Shenzhen Tongchuan Technology Co., Ltd. and other partners, investing RMB 20 million, acquiring 2.72% equity in Tongchuan Technology [1] - The investment aims to enhance collaboration in the field of embodied intelligent robotics, leveraging the company's expertise in smart electric vehicles [2] - Tongchuan Technology specializes in the research and development of core components for robots, particularly harmonic reducers, which are critical for advanced manufacturing and application scenarios [2] Group 2 - The robotics industry is experiencing significant growth potential, with major cities like Beijing, Shanghai, and Zhejiang establishing billion-level industrial funds to promote the commercialization of embodied intelligent technology [2] - Tongchuan Technology has developed proprietary technologies and manufacturing processes, resulting in products with excellent performance and cost competitiveness, validated by multiple clients [2] - The collaboration will focus on technological synergy and industrial integration, expanding the company's business from smart electric vehicles to robotics [2]

证券代码：002590 证券简称：万安科技 公告编号：2025-062 浙江万安科技股份有限公司 备查文件 公司第六届董事会第二十三次会议决议。 特此公告。 第六届董事会第二十三次会议决议公告 本公司及董事会全体成员保证本公告内容真实、准确和完整，没有任何虚假记载、误导 性陈述或者重大遗漏。 浙江万安科技股份有限公司（以下简称"公司"）第六届董事会第二十三次会 议通知于 2025 年 9 月 8 日以电子邮件方式送达，会议于 2025 年 9 月 11 日以现 场结合通讯表决的方式在公司会议室召开，会议应参加表决的董事 9 人，实际参 加表决的董事 9 人，公司监事、高管列席了本次会议。会议由公司董事长陈锋先 生主持，本次会议的召集、召开符合《公司法》及《公司章程》的有关规定，会 议合法有效。 经与会董事认真讨论，一致通过以下决议： 1、会议以9票同意、0票反对、0票弃权的表决结果，审议通过了《关于对外 投资的议案》。 同意公司以增资形式向深圳市同川科技有限公司投资人民币 2,000 万元，本 次投资完成后，公司持有同川科技 2.72%的股权。 详见2025年9月12日刊登在巨潮资讯网（www.cninfo. ...

浙江万安科技股份有限公司 关于对外投资的公告 证券代码：002590 证券简称：万安科技 公告编号：2025-063 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、本次交易概述 1、交易基本情况 浙江万安科技股份有限公司（以下简称"公司"或"万安科技"）于 2025 年 9 月 11 日与深圳市同川科技有限公司（以下简称"同川科技"）、汉宇集团股份有 限公司、江门市甜的电器有限公司、江门市汉宇电器有限公司、广东汉宇汽车配 件有限公司、同川共创技术（深圳）合伙企业（有限合伙）、沈晓龙、江苏高投 毅达中小贰号创业投资合伙企业（有限合伙）、青岛索道智园创业投资基金合伙 企业（有限合伙）、广东毅达汇邑创业投资合伙企业（有限合伙）、江门市高质 量创业投资基金合伙企业（有限合伙）、心创元禾（珠海横琴）投资合伙企业（有 限合伙）、上海融和新能绿碳投资合伙企业（有限合伙）（以下简称"融和新能"） 共同签订了《关于深圳市同川科技有限公司之增资协议》（以下简称"增资协议"） 和《关于深圳市同川科技有限公司之投资协议》（以下简称"投资协议"），按照 增资协议的约定，公司以增资 ...

Core Viewpoint - The company has signed a capital increase and investment agreement with Tongchuan Technology, investing RMB 20 million to acquire a 2.72% stake in the company, aiming to enhance collaboration in the field of embodied intelligent robotics [1] Group 1 - The investment amount is RMB 20 million, which translates to approximately USD 2.8 million [1] - After the investment, the company will hold a 2.72% equity stake in Tongchuan Technology [1] - The investment does not constitute a related party transaction or a major asset restructuring [1] Group 2 - The purpose of the investment is to promote deep cooperation in the field of embodied intelligent robotics [1] - The focus will be on technological synergy and industrial integration [1]

Group 1 - Wan'an Technology's stock price decreased by 1.47% on September 9, with a trading volume of 221 million yuan [1] - The financing data on September 9 shows a financing buy-in amount of 23.09 million yuan and a financing repayment of 49.19 million yuan, resulting in a net financing outflow of 26.10 million yuan [1] - As of September 9, the total margin balance for Wan'an Technology is 308 million yuan, which accounts for 4.01% of its market capitalization, indicating a high level compared to the past year [1] Group 2 - As of August 20, the number of shareholders for Wan'an Technology is 52,100, a decrease of 0.66% from the previous period, while the average circulating shares per person increased by 0.67% to 9,492 shares [2] - For the first half of 2025, Wan'an Technology achieved operating revenue of 2.165 billion yuan, a year-on-year increase of 14.91%, while the net profit attributable to shareholders decreased by 4.12% to 85.18 million yuan [2] Group 3 - Since its A-share listing, Wan'an Technology has distributed a total of 267 million yuan in dividends, with 69.46 million yuan distributed over the past three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited is the tenth largest circulating shareholder, holding 1.7887 million shares as a new shareholder [3]

Investment Rating - The report assigns an "Accumulate-A" rating for Wan'an Technology (002590.SZ) [1] Core Views - The company achieved a revenue of 2.165 billion yuan in the first half of 2025, representing a year-on-year growth of 14.91%. However, the net profit attributable to the parent company decreased by 2.13% to 85.18 million yuan [2][3] - The company is expected to benefit significantly from the implementation of AEBS regulations, which will enhance its market position in the automotive parts industry [5] - The company is actively expanding its overseas presence and has made progress in its fundraising projects, which will support future growth [4] Financial Performance - In the first half of 2025, the revenue from the air brake system was 602 million yuan, down 1.47% year-on-year, while the hydraulic brake system revenue increased by 34.99% to 552 million yuan. The subframe product revenue grew by 19.72% to 738 million yuan [3] - The gross margin for the first half of 2025 was 16.08%, a decrease of 2.05 percentage points year-on-year, and the net margin was 4.02%, down 0.62 percentage points [3] - The company expects revenue for 2025-2027 to be 4.982 billion, 5.735 billion, and 6.625 billion yuan, respectively, with net profits of 232 million, 275 million, and 343 million yuan [9] Market Position and Strategy - The company is positioned in the core area of intelligent chassis and is expanding from braking systems to the entire chassis field, creating a competitive advantage through technology accumulation and customer resources [9] - The company has established joint ventures in Mexico and Morocco to enhance its global supply chain capabilities and expand its market reach [4]

武汉经开区9月4日披露，当日武汉经开区与万安科技签署合作协议，后者将在武汉经开区投资建设华中生产基地。 该基地主要生产汽车副车架等零部件产品，为整车企业提供近地化配套。项目起步阶段计划先期租赁厂房，预计下月进场装修，今年12月开始生产。 资料显示，副车架新增产能方面，万安科技在安徽宁国新增的副车架生产基地已经投产，同时在广西柳州扩建了厂房，也是用于副车架生产。公司为尊界提 供副车架产品。 海外布局方面，万安科技在匈牙利设有研发中心，与华纬科技共同投资在墨西哥、摩洛哥建立生产基地。 ...

据武汉经开区消息，9月4日，武汉经开区与浙江万安科技股份有限公司签署合作协议。万安科技将在武 汉经开区投资建设华中生产基地，项目落户武汉经开区智能网联和电动汽车产业园，主要生产汽车副车 架等零部件产品，为整车企业提供近地化配套。项目起步阶段计划先期租赁厂房，预计下月进场装修， 今年12月开始生产。 ...

（文章来源：证券日报） 证券日报网讯万安科技9月1日在互动平台回答投资者提问时表示，公司没有PCB电机产品。 ...