浙江亿利达风机股份有限公司 第五届董事会第十三次会议决议公告 证券代码:002686 证券简称: 亿利达 公告编号:2025-060 《公司章程》修订后，公司第五届董事会审计委员会仍由 3 名董事组成，分 别为独立董事赵克薇、非独立董事吴晓明和独立董事孙俊，其中赵克薇为审计委 员会召集人且为会计专业人士。公司第五届董事会审计委员会中独立董事占多数， 1 并由独立董事担任召集人，符合相关法律法规及《公司章程》的规定，任期自本 次董事会审议通过之日起至第五届董事会任期届满之日止。 三、备查文件 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、会议召开情况 浙江亿利达风机股份有限公司（以下简称"公司"）第五届董事会第十三次 会议（以下简称"会议")于 2025 年 11 月 11 日下午 16:00 在公司一楼会议室以 现场结合通讯的方式召开。本次会议的通知已于 2025 年 11 月 1 日通过专人、通 讯的方式传达全体董事，会议应到董事 8 人，现场参加和通讯参与的出席董事 8 人，会议由董事长吴晓明先生主持，公司高级管 ...

Core Points - The company Yilida (002686) reported that as of October 31, 2025, the total number of shareholders is expected to be 22,725 [1]

Investment Rating - The report suggests an "Overweight" rating for the defense and military industry, indicating a positive outlook for the sector based on the upcoming growth cycle and government policies [5][26]. Core Insights - The defense and military industry is entering an upward cycle as per the "14th Five-Year Plan" recommendations, with expectations of performance recovery in Q4 2025 [5]. - The report highlights that the overall performance of the military industry is gradually improving, with a narrowing decline in net profit year-on-year for the first three quarters of 2025, and anticipates a return to positive growth in Q4 [5]. - The global military trade demand is expected to increase due to geopolitical uncertainties, creating a strong resonance between supply and demand in China's military trade [5]. - Key investment opportunities are identified in high-end combat capabilities and new types of combat power, with specific companies recommended for investment [5]. Market Review - Last week, the Shenwan Defense and Military Index decreased by 0.07%, while the overall market indices showed mixed results, with the Shanghai Composite Index rising by 0.11% [6]. - The military industry sector ranked 22nd among 31 Shenwan primary industries in terms of performance [6]. - The report notes that the average increase in the civil-military integration index was 1.93%, indicating a positive trend in this segment [6]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 85.71, placing it in the upper range historically, with significant differentiation among sub-sectors [14][19]. - The aerospace and aviation equipment sectors are noted to be at relatively high valuation levels since 2020 [14][18]. Key Valuation Targets - The report provides a detailed valuation table for key companies in the defense and military sector, highlighting projected net profits and PE ratios for the upcoming years [20][22].

Investment Rating - The report maintains an "Overweight" rating for the defense and military industry, indicating a positive outlook for the sector compared to the overall market performance [3][5][26]. Core Insights - The defense industry is entering an upward cycle as indicated by the "14th Five-Year Plan" and recent quarterly reports showing a narrowing decline in performance, with expectations for positive growth in Q4 [5][6]. - The report highlights a significant recovery in quarterly earnings, with a projected return to year-on-year growth in Q4, driven by the realization of orders related to the "14th Five-Year Plan" and increased military trade [5][6]. - Global geopolitical uncertainties are expected to boost military trade demand, creating a strong resonance between supply and demand in China's military trade market [5][6]. - The report suggests increasing focus on flexible and thematic investment opportunities within the military sector, particularly in next-generation equipment and unmanned systems [5][6]. Market Review - Last week, the Shenwan Defense and Military Index decreased by 0.07%, while the overall market showed mixed performance with the Shanghai Composite Index rising by 0.11% [3][6]. - The report notes that the defense sector's performance ranked 22nd among 31 primary industries, with a notable average increase of 1.93% in the civilian-military integration index [3][6]. - Top-performing stocks in the defense sector included Donghua Testing (16.03%), Jianglong Shipbuilding (13.57%), and Gaode Infrared (11.76%) [3][6][13]. Valuation Changes - The current PE-TTM for the Shenwan Defense sector is 85.71, indicating it is at a historically high valuation level, with significant differentiation among sub-sectors [14][19]. - The report provides a detailed valuation table for key defense industry stocks, highlighting projected net profits and PE ratios for the coming years [20][22].

Core Viewpoint - Yilida announced on November 3 that as of October 31, 2025, the company has repurchased a total of 4,772,800 shares through a dedicated securities account via centralized bidding, which accounts for approximately 0.8429% of the company's total share capital [1] Summary by Category - **Share Repurchase Details** - The total number of shares repurchased is 4,772,800 [1] - The repurchased shares represent about 0.8429% of the total share capital of the company [1]

Core Points - Yilida (002686.SZ) announced a share buyback program, having repurchased a total of 4,772,800 shares as of October 31, 2025, which represents approximately 0.8429% of the company's total share capital [1] - The highest transaction price during the buyback was 6.45 CNY per share, while the lowest was 6.17 CNY per share, with a total transaction amount of 30,423,446 CNY (excluding transaction fees) [1] - The progress of the buyback aligns with the established buyback plan and complies with relevant laws and regulations [1]

Group 1 - Company Yili Da announced on November 3 that it has repurchased approximately 4.77 million shares through a special securities account, accounting for about 0.8429% of the total share capital [1] - The highest transaction price for the repurchased shares was 6.45 yuan per share, while the lowest was 6.17 yuan per share [1] - The total amount spent on the share repurchase was approximately 30.42 million yuan [1]

证券代码：002686 证券简称：亿利达 公告编号：2025-057 浙江亿利达风机股份有限公司 关于回购公司股份进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 二、其他说明 公司回购股份的时间、回购股份数量及集中竞价交易的委托时段 符合《上市公司股份回购规则》《深圳证券交易所上市公司自律监管 指引第 9 号——回购股份》以及公司回购方案的相关规定，具体为： 1、公司未在下列期间回购股份： （1）自可能对本公司证券及其衍生品种交易价格产生重大影响 的重大事项发生之日或者在决策过程中，至依法披露之日内； （2）中国证监会和深圳证券交易所规定的其他情形。 2、公司以集中竞价交易方式回购股份符合下列要求： 浙江亿利达风机股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召开的第五届董事会第九次会议审议通过了《关于回购公 司股份方案的议案》，同意公司使用自有资金以集中竞价的方式回购 公司部分股份，并在未来适宜时机用于股权激励或员工持股计划。本 次回购的资金总额不低于人民币 3,000 万元（含）且不超过 ...

Group 1 - The core point of the article is that Yilida (SZ 002686) held its 12th meeting of the 5th Board of Directors on October 23, 2025, where it reviewed the proposal to amend the management system for shares held by directors and senior management [1] - For the first half of 2025, Yilida's revenue composition was as follows: General machinery accounted for 54.17%, automotive parts manufacturing accounted for 39.61%, other main businesses accounted for 4.01%, and new materials manufacturing accounted for 2.21% [1] - As of the report date, Yilida's market capitalization was 3.9 billion yuan [1] Group 2 - A notable transaction was reported where a well-known brand spent 170 million yuan to acquire 2,000 shares of a target company with a registered capital of only 10,000 Hong Kong dollars, raising questions about the necessity of the acquisition [1]

Group 1 - The core viewpoint of the article is that Yilida (002686.SZ) reported a decline in revenue and a net loss for the third quarter of 2025 [1] Group 2 - The company's operating revenue for the third quarter was 428 million yuan, representing a year-on-year decrease of 3.51% [1] - The net profit attributable to shareholders of the listed company was a loss of 4.0395 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 7.4971 million yuan [1]