证券代码：300095 证券简称：华伍股份 公告编号：2025－077 江西华伍制动器股份有限公司 关于控股股东及其一致行动人减持股份预披露公告 聂景华先生、聂璐璐女士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。 本公司及全体董事会成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 江西华伍制动器股份有限公司（以下简称"公司"）的控股股东聂景华先生 及其一致行动人聂璐璐女士计划自本公告披露之日起十五个交易日后的三个月 内以集中竞价和/或大宗交易方式减持公司股份不超过 11,832,754 股（占目前剔 除回购专用账户股份后公司总股本 394,425,163 股的比例不超过 3%，若此期间 公司有送股、资本公积金转增股本等股份变动事项，应对该数量进行相应调整）。 一、股东的基本情况 （一）股东名称：聂景华先生及其一致行动人聂璐璐女士。 （二）公司控股股东、实际控制人、董事长聂景华先生持有公司股份 58,067,500 股，占公司总股本的比例为 13.82%， 占目前剔除回购专用账户股份 后公司总股本的比例为 14.72%；公司副董事长、聂景华先生一致行动人聂璐璐 ...

Core Insights - Company reported a revenue of 627 million yuan for the first half of 2025, marking a year-on-year growth of 12.41%, primarily driven by the industrial brake business which saw a revenue increase of 17.42% [1][2] - Net profit decreased by 28.29% to 16.89 million yuan, attributed to losses from subsidiaries and pressures from wind power pricing [1][2] Revenue Growth and Profitability Challenges - The industrial brake core business was the main revenue driver with a 17.42% increase [2] - Net profit decline was mainly due to two factors: a loss of 16.35 million yuan from the aviation subsidiary Ande Technology and a loss of 7.32 million yuan from the wind brake subsidiary Changsha Tianying [2] - Despite a 37.35% revenue growth in the wind brake sector, the gross margin fell to -2.38%, a decrease of 8.21 percentage points year-on-year, impacting overall profitability [2] Technological Advancements and Global Expansion - Company is focusing on breakthroughs in traditional and new sectors, with significant orders in the port machinery sector showcasing its leading position in heavy equipment brake technology [3] - The rail transit sector has achieved domestic breakthroughs with the HEP15 brake system and wet brake for mining vehicles [3] - International expansion is accelerating, with the Swiss subsidiary successfully entering the Siemens wind power supply chain, increasing overseas revenue share to 13.9% [3] Strategic Restructuring and Efficiency Improvement - Company is optimizing its business structure by divesting non-core assets and focusing resources on the brake business [4] - Efforts are being made to enhance technology and reduce costs through smart manufacturing and lean production, with a stabilization of gross margins in the wind brake sector [4] - The company is advancing its global strategy, using the Swiss subsidiary as a foothold for market certification in Europe and Asia [4]

Core Viewpoint - The financial performance of Huawu Co., Ltd. (300095) for the first half of 2025 shows a mixed picture, with revenue growth but a significant decline in net profit and profitability ratios [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 627 million yuan, an increase of 12.41% year-on-year [1]. - Net profit attributable to shareholders was 16.89 million yuan, a decrease of 28.29% compared to the previous year [1]. - In Q2 2025, total revenue was 348 million yuan, up 10.37% year-on-year, while net profit attributable to shareholders was 7.01 million yuan, an increase of 2.9% [1]. - The gross margin was 23.37%, down 10.27% year-on-year, and the net margin was 1.94%, down 47.48% year-on-year [1]. - Total operating expenses (selling, administrative, and financial expenses) amounted to 94.54 million yuan, accounting for 15.09% of revenue, a decrease of 7.96% year-on-year [1]. - Earnings per share were 0.04 yuan, down 26.8% year-on-year, and operating cash flow per share was -0.05 yuan, a decrease of 123.23% year-on-year [1]. Cash Flow Analysis - The net cash flow from operating activities decreased by 123.23% due to a reduction in cash received from sales [1][2]. - The net cash flow from investing activities saw a drastic decline of 1211.74% due to a decrease in cash received from investments [2]. - The net cash flow from financing activities increased by 221.33% as a result of increased cash received from borrowings [3]. Business Evaluation - The company's historical net profit margin has been weak, with a median ROIC of 4.4% over the past decade, indicating poor investment returns [4]. - The company has reported two years of losses since its IPO, suggesting a fragile business model [4]. Debt and Liquidity Status - The company maintains a healthy cash position, with cash assets being sufficient [4]. - The cash ratio (cash assets to current liabilities) stands at 93.97%, and the average operating cash flow over the past three years to current liabilities is only 19.01% [5]. - The interest-bearing debt ratio has reached 25.87%, indicating a notable level of debt [5].

Core Viewpoint - Jiangxi Huawu Brake Co., Ltd. reported a revenue of 627 million yuan for the first half of 2025, a year-on-year increase of 12.41%, with a net profit attributable to shareholders of 16.89 million yuan, indicating a stable growth amidst market challenges [2] Group 1: Business Performance - The company achieved a 17.42% year-on-year increase in sales revenue from its industrial brake segment, with net profit rising by 89.61% during the reporting period [3] - The company has successfully transformed from a single product supplier to a system service provider, expanding its business scope across various sectors including port machinery, metallurgy, mining, marine engineering, wind power, and rail transportation [3][4] Group 2: Market Expansion and Product Development - The company is actively increasing its presence in the domestic market for mining heavy trucks, with significant potential for its newly developed HSPA65 wet brake product [4] - The company is focusing on high-end market positioning and expanding its business footprint from port machinery to multiple sectors, aiming to strengthen its market share in emerging fields like rail transportation [4] Group 3: Technological Innovation - The company has maintained a leading position in technology by continuously upgrading traditional products and developing new ones, including a thin electromagnetic brake for humanoid robots [6][7] - The company has established a comprehensive range of friction material preparation technologies, enhancing product quality and competitive advantage in the high-end brake system market [7] Group 4: Future Outlook - The company is expected to benefit from new policy incentives in the heavy lifting and transportation equipment market, with increasing demand for intelligent braking systems in automated port construction [7] - The trend towards larger vessels is driving the need for updated heavy-duty port machinery, while the acceleration of green port construction is creating new growth opportunities for the company [7]

Group 1 - The core point of the article is the appointment of Mr. Yang Wanli as the deputy general manager of Huawu Co., Ltd. [1]

Group 1 - The core point of the article is that Huawu Co., Ltd. has announced the nomination of Mr. Xiong Tao as a candidate for the sixth board of directors as a non-independent director [1]

Core Insights - The company reported a revenue of 627 million yuan for the first half of 2025, representing a year-on-year increase of 12.41% [1] - The net profit attributable to shareholders decreased to 16.89 million yuan, down 28.29% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 14.77 million yuan, reflecting a year-on-year decline of 24.83% [1] - The basic earnings per share stood at 0.0426 yuan [1]

华伍股份 股东会议事规则 江西华伍制动器股份有限公司 股东会议事规则 （2025 年 8 月修订） 第一章 总 则 公司董事会应当切实履行职责,认真、按时组织股东会。公司全体董事应 当勤勉尽责,确保股东会正常召开和依法行使职权。 第二章 股东会的召集 第 1 页 共 10 页 第1条 江西华伍制动器股份有限公司(以下简称"公司")为规范公司的法人治 理结构，保证股东会依法行使职权，根据《中华人民共和国公司法》(以 下简称"《公司法》")等有关法律法规及《江西华伍制动器股份有限公司 章程》(以下简称"《公司章程》")之规定，并参照中国证监会《上市公 司股东会规则》等有关规定，制订本规则。 第2条 公司股东会由全体股东组成。股东会是公司的权力机构，依照法律、行 政法规、《公司章程》及本规则的相关规定行使职权。 第3条 股东会应当在《公司法》和《公司章程》规定的范围内行使职权。 第4条 公司应当严格按照法律、行政法规、《公司章程》及本规则的相关规定 召开股东会,保证股东能够依法行使权利。 第5条 公司召开股东会,应当聘请律师对以下问题出具法律意见并公告： (1) 会议的召集、召开程序是否符合法律、行政法规、《公司章 ...

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华伍股份 对外担保制度 江西华伍制动器股份有限公司 对外担保制度 （2025 年 8 月修订） 第一章 总 则 第 1 页 共 9 页 第 1 条 为了维护投资者的利益，规范江西华伍制动器股份有限公司（以下简称"公 司"）的对外担保行为，有效控制公司对外担保风险，确保公司的资产安 全，促进公司健康稳定地发展，根据《中华人民共和国公司法》《中华人 民共和国民法典》等国家的有关法律法规、中国证监会等部门发布的《上 市公司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》、 深圳证券交易所发布的《深圳证券交易所创业板股票上市规则》、《深圳 证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等文件以及《江西华伍制动器股份有限公司章程》(以下简称"《公司章程》") 的有关规定，制定本制度。 第 2 条 本制度适应于本公司及本公司的全资、控股子公司（以下简称"子公司"）。 第 3 条 本制度所称对外担保（以下简称"担保"）是指公司以自有资产或信誉为 其他单位或个人提供的保证、资产抵押、质押以及其他担保事宜，包括公 司对控股子公司的担保。具体种类包括借款担保、银行开立信用证和银行 承兑汇票担保 ...