2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：大连电瓷集团股份有限公司 金额单位：人民币元 | | | 占用方与上市公 | 上市公司核算 | | | 2025 | 半年度占用累计 | 2025 | 半年度占 | | 2025 | 半年度偿还累 | 2025 | 半年度期末占用 | | 占用形成原 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | | | 2025 | 年期初占用资金余额 | | | | 用资金的利息 | | | | | | | | 占用性质 | | | | 司的关联关系 | 的会计科目 | | | | 发生金额(不含利息) | | | | | 计发生金额 | 资金余额 | | 因 | | | | | | | | | | | | | (如有) | | | | | | | | | | 控股股东、实际控制 | | | | | | | | | | | | ...

大连电瓷集团股份有限公司 2025 年半年度财务报告 大连电瓷集团股份有限公司 2025 年半年度财务报告 二〇二五年八月 1 大连电瓷集团股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：大连电瓷集团股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 492,051,599.80 | 427,172,771.48 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | 2,755,250.00 | | 应收账款 | 575,018,727.32 | 658,773,009.38 | | 应收款项融资 | 21,639,806.14 | 23,192,027.47 | | 预付款项 | 39,113,988.76 | 12,069,147.45 | | ...

Core Viewpoint - Dalian Electric Porcelain's stock price has decreased by 2.25% to 9.57 yuan, with significant trading volume and financial activity reported [1] Company Overview - Dalian Electric Porcelain specializes in the research, production, and sales of porcelain for transmission lines and composite insulators, adhering to international and multiple national standards [1] - The company has three major production bases located in Dalian, Fujian, and Jiangxi, with the Jiangxi factory's second phase expected to commence production in Q3, achieving a standard design capacity of 80,000 tons per year [1] Recent Developments - In 2025, the company has secured over 700 million yuan in domestic ultra-high voltage line and State Grid batch centralized procurement projects, along with significant orders from power projects in Saudi Arabia, the Philippines, and Bangladesh, marking a historical high for new overseas orders [1] - On August 13, the company hosted multiple institutional research meetings to discuss business development and future plans [1] Financial Activity - On August 14, the net outflow of main funds was 15.3745 million yuan, with a cumulative net outflow of 17.8512 million yuan over the past five days [1]

Core Viewpoint - Dalian Electric Porcelain is actively expanding its production capacity and market presence, particularly in high-voltage insulators, driven by increasing demand in China's power grid construction and international markets [1][4]. Group 1: Company Overview - Dalian Electric Porcelain specializes in the research, production, and sales of porcelain and composite insulators for power transmission lines and power stations, adhering to international standards [1]. - The company has established business relationships with users in nearly 100 countries, showcasing its strong brand influence and product quality [1]. Group 2: Product Details - Insulators are categorized into porcelain, glass, and composite silicone rubber, with porcelain insulators being the most widely used due to their stable chemical properties and strong aging resistance [2]. - Composite insulators are lighter and have high tensile strength but are less resistant to aging compared to porcelain and glass insulators [2]. Group 3: Production Capacity - Dalian Electric Porcelain operates three production bases, with the Dalian factory focusing on ultra-high voltage products, having an annual capacity of 45,000 to 50,000 tons [3]. - The Jiangxi factory, which began production in 2023, is expected to reach a standard design capacity of 80,000 tons per year after the completion of its second phase [3]. Group 4: Market Performance - The company has secured over 700 million yuan in contracts for ultra-high voltage projects this year and is expanding its overseas market presence, achieving record-high new overseas orders [4]. - The gross margin for ultra-high voltage products is approximately 35% to 40%, while conventional products have a gross margin about 10 percentage points lower [4].

Group 1: Company Overview and Operations - Dalian Electric Porcelain Group has three production bases: Dalian (4.5-5 million tons/year), Fujian (1.5-2 million tons/year), and Jiangxi (6 million tons/year planned, with a second phase to increase capacity to 8 million tons/year) [3][4] - The company is the largest supplier of porcelain insulators for major power projects in China, including Baihetan and Three Gorges projects [3] Group 2: Market and Orders - The company has secured over 700 million yuan in bids for ultra-high voltage projects and has achieved record-high overseas orders this year [4][5] - The overseas market currently accounts for approximately 20%-30% of sales, expected to rise to 35%-40% after the Jiangxi factory reaches full capacity [8] Group 3: Financial Performance - The gross margin for ultra-high voltage products is around 35%-40%, while conventional products have a gross margin approximately 10% lower [5] - The company’s sales in the U.S. market are minimal, constituting less than 1% of total sales, thus having a negligible impact on overall performance [7] Group 4: Product Insights - Insulators are categorized into porcelain, glass, and composite materials, with porcelain being the most widely used due to its stability and durability [6] - The company is actively expanding its overseas market presence, particularly in countries like Saudi Arabia, the Philippines, and Bangladesh [4]

Core Viewpoint - Company achieved significant success in securing contracts for high-voltage power lines and international projects, indicating strong market demand and operational stability [1] Group 1: Domestic Achievements - Company won contracts worth approximately 658 million yuan in high-voltage power line projects, including Gansu-Zhejiang, Yanwei, and Datong-Tianjin South lines [1] - The company is actively participating in the State Grid's centralized procurement projects, further enhancing its domestic market presence [1] Group 2: International Expansion - Company has successfully expanded its overseas market presence, securing large orders in power projects in countries such as Saudi Arabia, the Philippines, and Bangladesh [1] - The new overseas orders signed in the first half of the year reached a historical high for the same period, showcasing the company's growing international footprint [1] Group 3: Operational Performance - All production facilities are operating stably, with a high capacity utilization rate, reflecting efficient operational management [1]

Core Viewpoint - The company has achieved significant success in both domestic and international markets, with a notable increase in orders and stable production capacity utilization [1] Group 1: Domestic Achievements - The company won bids for high-voltage transmission projects in Gansu-Zhejiang, Yanwei, and Datong-Tianjin South, amounting to approximately 658 million yuan [1] - The company is actively participating in the State Grid's centralized procurement projects, contributing to its revenue growth [1] Group 2: International Expansion - The company has made substantial progress in overseas markets, securing large orders in power projects in Saudi Arabia, the Philippines, and Bangladesh [1] - The new overseas orders signed in the first half of the year reached a historical high for the same period [1] Group 3: Operational Stability - All production facilities are operating stably, with a high capacity utilization rate [1]

Core Viewpoint - The company, Dalian Electric Porcelain, has reported significant growth in its overseas export orders, with expectations to exceed 700 million in 2024, driven by positive trends in global power grid investments [2]. Group 1: Company Overview - Dalian Electric Porcelain is a leader in the field of suspension porcelain insulators, with over 60 years of export history [2]. - The company's products are sold in more than 100 countries and regions, earning a strong reputation in the international market [2]. Group 2: Market Opportunities - Recent years have seen a positive development trend in global power grid investments, providing the company with broad international market opportunities [2]. - The company has reported an increase in export business, with new overseas orders surpassing historical levels for the current year [2]. Group 3: Future Outlook - The company aims to capitalize on overseas market opportunities to create greater benefits moving forward [2].

Group 1 - Dalian Electric Porcelain has experienced a continuous decline for five trading days, with a cumulative drop of -4.32% [1] - Dalian Electric Porcelain Group Co., Ltd. was founded in 1915 and officially listed on the Shenzhen Stock Exchange in 2011 under the stock code 002606 [1] - In the second quarter of this year, the fund under China Merchants Fund, China Merchants Quantitative Selected Stock A, entered the top ten shareholders of Dalian Electric Porcelain, marking a new investment [1] - The fund has achieved a year-to-date return of 25.77%, ranking 171 out of 976 in its category [1] Group 2 - Wang Ping, a Chinese national with a master's degree in management and FRM certification, has been with China Merchants Fund since 2006 [3] - Wang Ping has held various positions, including assistant quantitative analyst and senior risk manager, and currently serves as the director of the quantitative investment department [3] - He has managed multiple funds, including the China Merchants Quantitative Selected Stock Fund since March 15, 2016, and the China Merchants CSI 300 Index Enhanced Fund since February 10, 2017 [3][4] - The total assets under management for the funds managed by Wang Ping amount to 166.87 billion yuan, with a return of 236.19% during his tenure [4]

Group 1 - The Yarlung Tsangpo River downstream hydropower project has a total investment of approximately 1.2 trillion yuan, involving the construction of five hydropower stations and requiring eight ultra-high voltage direct current transmission channels, which is expected to boost the development of related industries such as ultra-high voltage transmission equipment [1] - Dalian Electric Porcelain is a leading enterprise in the insulator industry, known for its strong manufacturing capabilities and technological expertise, having supplied insulator products for major projects like the Baihetan Hydropower Station and the Three Gorges Project [2][3] - The company has a significant presence in the high-end market, focusing on the research, production, and sales of porcelain insulators, composite insulators, and electrical porcelain fittings, with clients including domestic and international power grid companies [2] Group 2 - In 2024, Dalian Electric Porcelain achieved a revenue of 1.496 billion yuan, representing a year-on-year growth of 78.21%, and a net profit of 211 million yuan, up 303.30% year-on-year, with overseas revenue increasing by 133.82% [3] - The company has maintained high R&D investment, with R&D expense ratios of 6.70%, 5.41%, and 7.91% from 2023 to Q1 2025, which is higher than the industry average [3] - Dalian Electric Porcelain has been awarded multiple contracts from the State Grid, with pre-bid amounts totaling approximately 72.5 million yuan in 2024, reflecting strong growth momentum driven by policy support [4][5] Group 3 - The company is expanding its production capacity, with the first phase of its digital factory in Jiangxi achieving a monthly capacity of around 4,000 tons and reaching breakeven in mid-2024, while the second phase is set to increase capacity by approximately 20,000 tons per year by Q3 2025 [5] - The strategic implementation of the Yarlung Tsangpo River downstream hydropower project is expected to benefit leading suppliers of hydropower supporting equipment and core equipment for power grid delivery, enhancing Dalian Electric Porcelain's position in the global insulator market [5]