华东重机（002685）(002685.SZ)公告，公司股东北京昊青私募基金管理有限公司-昊青明裕6号私募证券 投资基金(简称"昊青明裕6号")计划自本公告披露之日起十五个交易日后的三个月内，以集中竞价方式 或大宗交易方式减持公司股份不超过503.85万股(占公司总股本的0.50%);股东苏州天琛投资管理有限公 司-天琛金艇1号证券投资私募基金(简称"天琛金艇1号")计划自本公告披露之日起十五个交易日后的三个 月内，以集中竞价方式或大宗交易方式减持公司股份不超过1007.6万股(占公司总股本的1.00%)。 ...

股东苏州天琛投资管理有限公司－天琛金艇1号证券投资私募基金（简称"天琛金艇1号"）计划自本公告 披露之日起十五个交易日后的三个月内，以集中竞价方式或大宗交易方式减持公司股份不超过 10,076,000股（占公司总股本的1.00%）。 格隆汇9月24日丨华东重机(002685.SZ)公布，股东北京昊青私募基金管理有限公司－昊青明裕6号私募 证券投资基金（简称"昊青明裕6号"）计划自本公告披露之日起十五个交易日后的三个月内，以集中竞 价方式或大宗交易方式减持公司股份不超过5,038,500股（占公司总股本的0.50%）； ...

证券代码：002685 证券简称：华东重机 公告编号：2025-048 无锡华东重型机械股份有限公司 关于部分持股5%以上股东减持股份的预披露公告 股东北京昊青私募基金管理有限公司－昊青明裕6号私募证券投资基金及苏 州天琛投资管理有限公司－天琛金艇1号证券投资私募基金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。 （一）拟减持股东名称及持股情况 1．股东名称：北京昊青私募基金管理有限公司－昊青明裕 6 号私募证券投资基 金 截至本公告披露日，昊青明裕 6 号持有公司股份 50,500,000 股，占公司总股本的 5.01%。 1 2．股东名称：苏州天琛投资管理有限公司－天琛金艇 1 号证券投资私募基金 截至本公告披露日，天琛金艇 1 号持有公司股份 50,384,533 股，占公司总股本的 5.00%。 特别提示： 1．持有本公司股份 50,500,000 股（占公司总股本的 5.01%）的股东北京昊青私募 基金管理有限公司－昊青明裕 6 号私募证券投资基金（以下简称"昊青明裕 6 号"）计 划自本公告披露 ...

华东重机公告，北京昊青私募基金管理有限公司－昊青明裕6号持股5050万股，占5.01%，计划2025年 10月27日至2026年1月26日以集中竞价或大宗交易方式减持不超503.85万股，占0.50%；苏州天琛投资管 理有限公司－天琛金艇1号持股5038.45万股，占5.00%，同期拟减持不超1007.6万股，占1.00%。 ...

近日，无锡华东重型机械股份有限公司发布部分持股5%以上股东减持股份预披露公告。持有公司5.01% 股份的昊青明裕6号，计划自公告披露日十五个交易日后的三个月内，以集中竞价或大宗交易方式，减 持不超5,038,500股（占总股本0.50%）；持有5.00%股份的天琛金艇1号，计划同期以相同方式减持不超 10,076,000股（占总股本1.00%）。减持原因均为股东自身资金需求，股份均通过协议转让方式取得。 两股东此前限售承诺已到期，本次减持未违反相关承诺，且不会导致公司控制权变更，对公司经营无重 大影响。减持计划存在不确定性。 ...

Core Viewpoint - The report from Zhongyou Securities indicates that Huadong Heavy Machinery has experienced a significant increase in net profit attributable to the parent company in the first half of the year, driven by improved profitability and reduced expenses [1] Group 1: Financial Performance - The company's net profit attributable to the parent company for the first half of 2025 reached 362 million yuan, showing a substantial year-on-year increase [1] - Profitability has improved compared to the previous year, while expense spending has decreased [1] Group 2: Revenue Sources - Container handling equipment (port machinery) is currently the main source of revenue for the company [1] - Key products include quay cranes, rail-mounted gantry cranes, and rubber-tired gantry cranes [1] Group 3: Market Outlook - The company has a sufficient backlog of orders and is expected to benefit further from the improving shipping market and the automation and intelligent upgrades of port machinery [1] Group 4: Strategic Expansion - In October 2024, the company acquired Xiamen Ruixin Tuchip Technology Co., Ltd., expanding into GPU-based chip design and solution business [1] - Ruixin Tuchip has also won a bid and signed a framework procurement project for power control chips with Southern Power Grid, with a contract amount of approximately 19.74 million yuan, and has begun to supply [1] Group 5: Investment Rating - The report initiates coverage with an "Overweight" rating for the company [1]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [1][7]. Core Insights - The company has shown a significant increase in its non-recurring net profit, with a year-on-year growth of 59.89% in the first half of 2025, despite a decline in overall revenue due to the divestment of its CNC machine tool business [4]. - The gross profit margin improved to 26.13%, reflecting a 24.6 basis point increase, while the net profit margin also saw a slight increase [4]. - The company is well-positioned in the container handling equipment sector, with a strong order backlog and increasing market share both domestically and internationally [5]. - The acquisition of Xiamen Ruixin Tuxin Technology Co., Ltd. is expected to drive growth in the GPU chip design and solutions business, targeting various industries [6]. Company Overview - The latest closing price is 9.19 yuan, with a total market capitalization of 9.3 billion yuan [3]. - The company has a total share capital of 1.008 billion shares, with a debt-to-asset ratio of 50.8% and a price-to-earnings ratio of 75.27 [3]. Financial Projections - Revenue projections for 2025-2027 are 11.39 billion, 14.50 billion, and 18.71 billion yuan, with expected growth rates of -3.82%, +27.34%, and +28.98% respectively [7]. - The forecasted net profit for the same period is 1.02 billion, 1.48 billion, and 2.30 billion yuan, with growth rates of -17.30%, +45.18%, and +55.66% respectively [7]. - The corresponding price-to-earnings ratios are projected to be 91.01, 62.69, and 40.27 [7].

Market Overview - On September 22, the engineering machinery sector declined by 1.08%, with Southern Road Machinery leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable gainers in the engineering machinery sector included: - Shanhe Intelligent (002097) with a closing price of 16.64, up 5.05% and a trading volume of 298.15 million [1] - Huadong Heavy Machine (002685) at 9.19, up 5.03% with a trading volume of 93.11 million [1] - Wantong Hydraulic (830839) at 44.29, up 4.75% with a trading volume of 40.6 thousand [1] - Conversely, Southern Road Machinery (603280) saw a significant decline of 10.00%, closing at 40.77 with a trading volume of 97.3 thousand [2] Capital Flow - The engineering machinery sector experienced a net outflow of 540 million from institutional investors, while retail investors saw a net inflow of 378 million [2] - The detailed capital flow for selected stocks showed: - Huadong Heavy Machine had a net inflow of 22.47 million from institutional investors [3] - Xugong Machinery (000425) recorded a net inflow of 19.46 million from institutional investors [3] - A net outflow of 42.49 thousand was noted for Aidi Precision (603638) from institutional investors [3]

Core Viewpoint - The stock of Huadong Heavy Machinery has shown a significant increase in price and trading activity, indicating potential investor interest and market dynamics [1][2]. Group 1: Stock Performance - On September 22, Huadong Heavy Machinery's stock rose by 2.06%, reaching 8.93 CNY per share, with a trading volume of 184 million CNY and a turnover rate of 2.08%, resulting in a total market capitalization of 8.999 billion CNY [1]. - Year-to-date, the stock price has increased by 32.69%, with a 9.71% rise over the last five trading days, a 0.56% increase over the last 20 days, and an 18.59% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent occurrence on August 26 [1]. Group 2: Financial Performance - For the first half of 2025, Huadong Heavy Machinery reported a revenue of 364 million CNY, a year-on-year decrease of 34.69%, and a net profit attributable to shareholders of 26.1557 million CNY, down 3.72% year-on-year [2]. - The company has distributed a total of 185 million CNY in dividends since its A-share listing, with no dividends distributed in the last three years [2]. Group 3: Business Overview - Huadong Heavy Machinery, established on January 9, 2004, and listed on June 12, 2012, focuses on high-end equipment manufacturing, primarily in "container handling equipment" and "intelligent CNC machine tools" [1]. - The company is also expanding into the solar energy sector, leveraging opportunities in the photovoltaic industry to enhance its business structure [1]. - The revenue composition of the company is as follows: container handling equipment accounts for 99.40%, battery cells and others for 0.56%, technical services and others for 0.02%, and chip-related products for 0.02% [1].

Group 1 - The company, Huadong Heavy Machinery, announced the election of Mr. Xie Yi as the employee director of the fifth board of directors during the first employee representative meeting of 2025 [2]