| 证券代码：300185 | 证券简称：通裕重工 | 公告编号：2025-096 | | --- | --- | --- | | 债券代码：123149 | 债券简称：通裕转债 | | 通裕重工股份有限公司 关于公司法定代表人完成变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 通裕重工股份有限公司（以下简称"公司"）于2025年10月14日召开了第七 届董事会第一次临时会议，审议通过了《关于选举公司董事长的议案》，选举公 司董事刁菡玉女士为第七届董事会董事长，同时担任公司法定代表人，任期自董 事会审议通过之日起至本届董事会届满。董事会授权公司相关部门办理法定代表 人变更的登记手续。 8、经营范围：一般项目：金属材料制造；金属材料销售；有色金属合金制 造；有色金属合金销售；钢压延加工；金属切削加工服务；金属表面处理及热处 理加工；喷涂加工；新材料技术研发；锻件及粉末冶金制品制造；锻件及粉末冶 1 2、统一社会信用代码：913700001675754710 3、注册资本：叁拾捌亿玖仟陆佰柒拾捌万叁仟贰佰贰拾壹元整 4、类型：股份有 ...

Core Insights - Tongyu Heavy Industry (300185.SZ) reported a total operating revenue of 4.732 billion yuan for Q3 2025, an increase of 456 million yuan, representing a year-on-year growth of 10.67% [1] - The net profit attributable to shareholders reached 83.825 million yuan, up by 29.141 million yuan, reflecting a year-on-year increase of 53.29% [1] - The net cash inflow from operating activities was 145 million yuan, an increase of 17.207 million yuan, marking a 13.47% year-on-year growth [1] Financial Metrics - The latest debt-to-asset ratio stands at 53.36%, a decrease of 0.33 percentage points from the previous quarter and a reduction of 2.14 percentage points compared to the same period last year [3] - The gross profit margin is reported at 13.93%, an increase of 0.59 percentage points from the previous quarter and up by 1.14 percentage points year-on-year [3] - Return on equity (ROE) is at 1.22%, an increase of 0.43 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.02 yuan, an increase of 0.01 yuan, reflecting a year-on-year growth of 55% [3] - The total asset turnover ratio is 0.31 times, an increase of 0.04 times year-on-year, representing a growth of 14.12% [3] - The inventory turnover ratio is 1.30 times, an increase of 0.17 times, achieving two consecutive years of growth, with a year-on-year increase of 14.99% [3] Shareholder Structure - The number of shareholders is reported at 134,100, with the top ten shareholders holding a total of 1.246 billion shares, accounting for 31.99% of the total share capital [3] - The largest shareholder is Shandong Guohui Capital Co., Ltd., holding 15.51% of shares [3] - Other notable shareholders include Si Xingkui (6.20%), Zhuhai Port Holdings Group Co., Ltd. (4.83%), and Zhu Jinzhi (1.75%) [3]

智通财经APP讯，通裕重工(300185.SZ)发布2025年三季度报告，该公司前三季度营业收入为47.32亿 元，同比增长10.67%。归属于上市公司股东的净利润为8382.5万元，同比增长53.29%。归属于上市公司 股东的扣除非经常性损益的净利润为7960.54万元，同比增长81.77%。基本每股收益为0.0217元。 ...

Group 1 - The core viewpoint of the article highlights Tongyu Heavy Industry's financial performance in Q3 2025, showing significant growth in revenue and net profit [1] - The company's revenue for the first three quarters of 2025 reached approximately 4.732 billion yuan, representing a year-on-year increase of 10.67% [1] - The net profit attributable to shareholders was about 83.82 million yuan, reflecting a year-on-year increase of 53.29% [1] - Basic earnings per share were reported at 0.0217 yuan, which is a 55% increase compared to the previous year [1] Group 2 - As of the report, Tongyu Heavy Industry's market capitalization stands at 12.2 billion yuan [2]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,789,726,269.66, representing a 16.13% increase year-over-year[5] - Net profit attributable to shareholders for the same period was ¥23,086,084.63, up 63.63% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥22,231,153.87, reflecting a significant increase of 151.38% year-over-year[5] - Basic earnings per share for Q3 2025 were ¥0.0059, a 63.89% increase from the same period last year[5] - Net profit for Q3 2025 reached ¥86,242,720.98, a 57.9% increase from ¥54,656,186.73 in Q3 2024[25] - Operating profit increased to ¥125,029,956.26, up 57.2% from ¥79,554,789.83 year-over-year[25] - Total revenue from operating activities was ¥4,001,977,594.13, compared to ¥3,027,460,504.81 in the same period last year, reflecting a growth of 32.2%[26] - Total comprehensive income for the period was ¥86,241,405.44, up from ¥54,472,925.75 in Q3 2024[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,895,339,017.79, down 4.02% from the end of the previous year[5] - Current assets totaled CNY 7,466,022,258.85, a decrease of 5.80% from CNY 7,926,435,658.81 at the start of the period[22] - The company’s total liabilities decreased to CNY 7,948,621,621.44 from CNY 8,603,052,815.06, a reduction of 7.63%[22] - The equity attributable to shareholders of the parent company increased slightly to CNY 6,892,902,989.21 from CNY 6,865,484,019.24, reflecting a growth of 0.40%[23] Cash Flow - Cash flow from operating activities for the year-to-date was ¥144,923,461.72, an increase of 13.47% compared to the same period last year[10] - Cash flow from operating activities generated a net amount of ¥144,923,461.72, an increase from ¥127,716,346.36 in the previous year[27] - The company reported a significant decrease of 738.81% in net cash flow from financing activities, totaling -¥567,488,268.78, primarily due to reduced borrowings from financial institutions[10] - The company reported a net cash outflow from financing activities of ¥567,488,268.78, compared to a smaller outflow of ¥67,654,102.12 in the previous year[27] - The company experienced a 205.95% increase in net cash flow from investing activities, amounting to ¥138,188,959.55, mainly due to the maturity of time deposits[10] Shareholder Information - The total number of common shareholders at the end of the reporting period was 134,092[11] - The largest shareholder, Shandong Guohui Capital Co., Ltd., holds 15.50% of shares, totaling 604,032,700 shares[11] - The second-largest shareholder, Si Xingkui, holds 6.20% of shares, totaling 241,512,891 shares, with 181,134,668 shares pledged[11] - The top ten shareholders hold a significant portion of shares, with the top two alone accounting for 21.70% of total shares[11] - The company has no preferred shareholders or changes in restricted shares during the reporting period[13] - There were no changes in the lending or borrowing of shares among the top ten shareholders[13] Corporate Governance - The company completed a board restructuring on October 13, 2025, electing 5 non-independent directors and 3 independent directors, enhancing corporate governance[19] - On August 29, 2025, the control of the company changed from Zhuhai Port Group to Shandong Guohui Capital[17] - The actual controller changed from Zhuhai State-owned Assets Supervision and Administration Commission to Shandong State-owned Assets Supervision and Administration Commission[17] Share Repurchase - The company repurchased a total of 40,748,300 shares, accounting for approximately 1.05% of the total share capital, with a total expenditure of RMB 109.89 million[16] - The highest transaction price during the share repurchase was RMB 2.97 per share, while the lowest was RMB 2.43 per share[16] Other Financial Metrics - Total operating costs amounted to CNY 4,569,857,096.03, up from CNY 4,167,557,266.75, reflecting a year-over-year increase of 9.66%[24] - The company's net profit margin decreased, with a net loss from investments recorded at CNY -1,570,844.27 compared to a profit of CNY 728,849.20 in the previous period[24] - Cash and cash equivalents at the end of the period totaled ¥400,229,835.99, down from ¥665,882,140.16 at the end of Q3 2024[27] - The company’s cash and cash equivalents decreased significantly to CNY 685,865,003.39 from CNY 1,285,450,212.26, representing a decline of 46.60%[21] - Short-term borrowings were reported at CNY 1,919,490,000.00, down 45.40% from CNY 3,520,695,611.84 at the beginning of the period[22]

Core Viewpoint - Tongyu Heavy Industry experienced a decline of 0.32% on October 23, with a trading volume of 487 million yuan, indicating a significant level of trading activity and investor interest [1]. Financing Summary - On October 23, Tongyu Heavy Industry had a financing buy-in amount of 42.15 million yuan, while the financing repayment was 71.14 million yuan, resulting in a net financing outflow of 28.99 million yuan [1]. - As of October 23, the total financing and securities lending balance for Tongyu Heavy Industry was 362 million yuan, with the current financing balance at 359 million yuan, accounting for 2.93% of the circulating market value, which is above the 80th percentile level over the past year [1]. - In terms of securities lending, on October 23, the company repaid 16,200 shares and sold 4,700 shares, with a selling amount of 14,800 yuan based on the closing price [1]. Company Overview - Tongyu Heavy Industry, established on May 25, 2002, and listed on March 8, 2011, is located in the Yucheng National High-tech Industrial Development Zone in Dezhou, Shandong Province [2]. - The company specializes in the research, production, and sales of large forged products, forming a complete industrial chain that includes the preparation of large forgings, casting, heat treatment, and design and manufacturing of large complete equipment [2]. - The main business revenue composition includes: other forgings (23.60%), castings (17.46%), modular wind power equipment (17.16%), wind power main shafts (13.43%), energy revenue (9.35%), powder metallurgy products (7.16%), structural components and complete equipment (5.83%), forgings (5.43%), and trade revenue (0.01%) [2]. Financial Performance - For the first half of 2025, Tongyu Heavy Industry achieved an operating income of 2.943 billion yuan, representing a year-on-year growth of 7.59%, and a net profit attributable to shareholders of 60.73 million yuan, which is a 49.70% increase year-on-year [2]. - Since its A-share listing, the company has distributed a total of 1.4 billion yuan in dividends, with 234 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of Tongyu Heavy Industry included Hong Kong Central Clearing Limited as the fourth largest shareholder, holding 38.01 million shares, an increase of 11.21 million shares from the previous period [3]. - Other notable institutional shareholders include Southern CSI 1000 ETF, holding 28.80 million shares (an increase of 5.44 million shares), and Huaxia CSI 1000 ETF, holding 16.97 million shares (an increase of 4.05 million shares) [3].

Core Points - The Shenzhen State-Owned Enterprises ESGR Index (470055) closed at 1592.08 points, down 0.02%, with a trading volume of 30.197 billion yuan and a turnover rate of 0.94% [1] - Among the index constituents, 24 stocks rose while 21 fell, with Tongyu Heavy Industry leading the gainers at 3.95% and Guangdong Hongda leading the decliners at 5.35% [1] Index Constituents Summary - The top ten constituents of the Shenzhen State-Owned Enterprises ESGR Index are as follows: - Hikvision (sz002415): Weight 9.64%, Latest Price 33.47, Change 2.73%, Market Cap 306.748 billion yuan, Industry: Computer [1] - BOE Technology Group (sz000725): Weight 9.31%, Latest Price 4.02, Change 0.00%, Market Cap 150.404 billion yuan, Industry: Electronics [1] - Wuliangye Yibin (sz000858): Weight 8.62%, Latest Price 120.10, Change -0.35%, Market Cap 466.181 billion yuan, Industry: Food & Beverage [1] - Inspur Information (sz000977): Weight 7.30%, Latest Price 66.52, Change -1.03%, Market Cap 97.926 billion yuan, Industry: Computer [1] - Weichai Power (sz000338): Weight 6.78%, Latest Price 14.63, Change 0.34%, Market Cap 127.480 billion yuan, Industry: Automotive [1] - AVIC Optoelectronics (sz002179): Weight 4.48%, Latest Price 37.17, Change -1.43%, Market Cap 78.736 billion yuan, Industry: Defense [1] - Shenwan Hongyuan (sz000166): Weight 4.14%, Latest Price 5.37, Change 0.00%, Market Cap 134.464 billion yuan, Industry: Non-Bank Financial [1] - Yunnan Aluminum (sz000807): Weight 4.08%, Latest Price 22.18, Change 0.82%, Market Cap 76.919 billion yuan, Industry: Nonferrous Metals [1] - Changchun High & New Technology (sz000661): Weight 3.73%, Latest Price 119.11, Change -0.97%, Market Cap 48.589 billion yuan, Industry: Pharmaceuticals [1] - China Merchants Shekou (sz001979): Weight 3.31%, Latest Price 9.88, Change -1.50%, Market Cap 89.521 billion yuan, Industry: Real Estate [1] Capital Flow Analysis - The net outflow of main funds from the ESGR index constituents totaled 340 million yuan, while retail investors saw a net inflow of 126 million yuan [1] - The detailed capital flow for key stocks includes: - Hikvision: Main net inflow 374 million yuan, retail net outflow 29.5 million yuan [2] - Zhongcai Technology: Main net inflow 141 million yuan, retail net outflow 18.8 million yuan [2] - Yunnan Aluminum: Main net inflow 137 million yuan, retail net outflow 121 million yuan [2] - Weichai Power: Main net inflow 27.6 million yuan, retail net outflow 2.33 million yuan [2]

Group 1 - The core point of the article highlights the recent performance of Tongyu Heavy Industry, which saw a 5.26% increase in stock price, reaching 3.20 CNY per share, with a trading volume of 532 million CNY and a turnover rate of 4.60%, resulting in a total market capitalization of 12.47 billion CNY [1] - Tongyu Heavy Industry, established on May 25, 2002, and listed on March 8, 2011, is located in the Yucheng National High-tech Industrial Development Zone in Dezhou, Shandong Province. The company specializes in the research, production, and sales of large forged products, forming a complete industrial chain that includes large forging blank preparation, casting and forging, heat treatment, and design and manufacturing of large complete sets of equipment [1] - The main business revenue composition of Tongyu Heavy Industry includes: other forgings 23.60%, castings 17.46%, modular wind power equipment 17.16%, wind power main shafts (including forged and cast main shafts) 13.43%, energy revenue 9.35%, powder metallurgy products 7.16%, structural components and complete sets of equipment (including metallurgical equipment and nuclear power business) 5.83%, forgings 5.43%, others 0.56%, and trading revenue 0.01% [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under Caitong Fund has a significant position in Tongyu Heavy Industry. The Caitong Advanced Manufacturing Select Mixed Fund A (019612) held 188,800 shares in the second quarter, accounting for 2.52% of the fund's net value, ranking as the ninth largest holding. The estimated floating profit today is approximately 30,200 CNY [2] - The Caitong Advanced Manufacturing Select Mixed Fund A (019612) was established on May 29, 2024, with a latest scale of 18.6264 million CNY. Year-to-date returns are 33.56%, ranking 2303 out of 8160 in its category; the one-year return is 33.91%, ranking 2014 out of 8026; and since inception, the return is 41.77% [2] Group 3 - The fund managers of Caitong Advanced Manufacturing Select Mixed Fund A (019612) are Zhu Haidong and Gu Hongyuan. As of the report, Zhu Haidong has a cumulative tenure of 6 years and 101 days, with the current total fund assets of 1.478 billion CNY, achieving the best fund return of 63.31% and the worst return of -28.21% during his tenure. Gu Hongyuan has a cumulative tenure of 4 years and 151 days, with current fund assets of 484 million CNY, achieving the best fund return of 44.11% and the worst return of -23.03% during his tenure [3]

Core Insights - The wind power equipment sector experienced a 1.99% increase on October 21, with Jixin Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Jixin Technology (601218) closed at 5.76, up 4.16%, with a trading volume of 1.2579 million shares and a transaction value of 724 million yuan [1] - Haili Wind Power (301155) closed at 90.30, up 4.08%, with a trading volume of 41,900 shares and a transaction value of 375 million yuan [1] - Tianneng Heavy Industry (300569) closed at 6.48, up 3.85%, with a trading volume of 486,900 shares and a transaction value of 314 million yuan [1] - Other notable performers include Tongyu Heavy Industry (300185) at 3.04 (+3.40%), and Daqian Vehicle Engineering (002487) at 46.80 (+3.31%) [1] Capital Flow - The wind power equipment sector saw a net inflow of 31.51 million yuan from institutional investors, while retail investors experienced a net outflow of 130 million yuan [2] - The sector's overall capital flow indicates a strong interest from institutional and speculative investors, with retail investors pulling back [2] Individual Stock Capital Flow - Goldwind Technology (002202) had a net inflow of 12.4 million yuan from institutional investors, while retail investors saw a net outflow of 96.9 million yuan [3] - New Strong Union (300850) reported a net inflow of 87.8 million yuan from institutional investors, with a net outflow of 14.1 million yuan from retail investors [3] - Haili Wind Power (301155) experienced a net inflow of 28.7 million yuan from institutional investors, but retail investors had a net outflow of 17.1 million yuan [3]

Core Insights - The successful transportation of a 471-ton pressure machine beam from Binzhou Port to Shandong Tongyu Heavy Industry Co., Ltd. highlights the collaboration between various transportation and public security departments, ensuring the safe delivery of a critical heavy equipment component [1][2] Group 1: Transportation Details - The pressure machine beam, a core component of a 75,000-ton pressure machine, was custom-built by China First Heavy Industries Group for Shandong Tongyu Heavy Industry, marking a significant advancement in China's heavy equipment manufacturing capabilities [1] - The transportation project involved a total vehicle and cargo length of 113.1 meters and a total weight of 842 tons, navigating through complex road conditions and multiple county areas in Binzhou and Dezhou [1] Group 2: Coordination and Safety Measures - Binzhou Transportation Bureau prioritized the super-heavy transportation approval process, collaborating with provincial authorities to ensure safety and efficiency [2] - A specialized review meeting was held to analyze the transportation plan and identify potential safety risks, leading to the development of a rigorous evaluation opinion [2] - The successful completion of the transportation task exemplifies effective inter-departmental collaboration and professional execution by the logistics company [2]