Core Viewpoint - Tongyu Heavy Industry's stock has shown a year-to-date increase of 22.42%, with recent fluctuations indicating a slight decline over the past five and twenty trading days, while experiencing a modest increase over the last sixty days [1][2]. Financial Performance - For the period from January to September 2025, Tongyu Heavy Industry achieved a revenue of 4.732 billion yuan, representing a year-on-year growth of 10.67%. The net profit attributable to shareholders was 83.825 million yuan, marking a significant increase of 53.29% [2]. - Cumulatively, the company has distributed 1.4 billion yuan in dividends since its A-share listing, with 234 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 5, the stock price was 3.14 yuan per share, with a trading volume of 248 million yuan and a turnover rate of 2.16%. The total market capitalization stood at 12.237 billion yuan [1]. - The net inflow of main funds was 7.2829 million yuan, with large orders accounting for 26.10% of purchases and 23.17% of sales [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 134,100, reflecting a growth of 7.98%. The average number of tradable shares per shareholder decreased by 5.85% to 27,647 shares [2][3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 33.1934 million shares, a decrease of 4.8182 million shares from the previous period [3].

申万宏源证券承销保荐有限责任公司 关于 通裕重工股份有限公司 详式权益变动报告书 之 2025 年第三季度 持续督导意见 2025 年 11 月 声明 2025 年 5 月 6 日，山东国惠资本有限公司（以下简称"国惠资本"）与通裕重 工股份有限公司（以下简称"通裕重工"或"上市公司"）控股股东珠海港控股 集团有限公司（以下简称"珠海港集团"），及其控股股东珠海交通控股集团有限 公司（以下简称"珠海交控"）签署了《股份转让协议》《表决权委托协议》。 珠海港集团将持有的通裕重工 604,032,700 股股份（占通裕重工总股本的 15.50%） 转让给国惠资本，转让价格为每股人民币 2.22 元，本次股份转让价款合计为人 民币 1,340,952,594 元。珠海港集团将其在《股份转让协议》项下转让股份交割后 （指转让股份过户完成）所持有的通裕重工全部股份 188,394,890 股（占通裕重 工总股本的 4.83%）的表决权、提名和提案权、参会权（即统称"表决权"）不可 撤销、排他且唯一地委托国惠资本行使，授权国惠资本按照自身意思表示行使珠 海港集团作为通裕重工股东而依据法律法规及通裕重工届时有效的公司章程享 ...

Core Viewpoint - Shandong Province's Ministry of Industry and Information Technology has officially released the second batch of enterprise technology innovation project plans for 2025, highlighting the importance of technological advancement in key industries [1] Group 1: Company Overview - Tongyu Heavy Industry Co., Ltd. (stock code: 300185) has successfully been selected for the "Research and Development of Marine Forged Curved Products" project under the recent innovation plan [1] - The selection process involved strict evaluation through enterprise application, local recommendation, and expert review, indicating a rigorous assessment of the project's significance [1] Group 2: Industry Implications - The inclusion of Tongyu Heavy Industry in the innovation project plan signifies a recognition of its capabilities in the independent research and development of critical core components [1]

Group 1 - The Shandong Provincial Department of Industry and Information Technology has released the second batch of enterprise technology innovation project plans for 2025, with Tongyu Heavy Industry Co., Ltd.'s "Research and Development of Marine Forged Curved Products" project successfully selected [1] - The project aims to break through key technologies of core components in the shipbuilding industry, enhancing China's self-sufficiency in marine curved products and ensuring supply chain security [1] - Tongyu Heavy Industry emphasizes its commitment to strengthening technological innovation to contribute to industry progress and high-quality development [1]

证券日报网讯10月30日晚间，通裕重工（300185）发布公告称，近日，公司完成了法定代表人变更登记 并取得德州市市场监督管理局换发的《营业执照》。 ...

| 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]

Group 1 - The core viewpoint of the article is that Tongyu Heavy Industry (300185.SZ) has shown significant growth in its financial performance for the first three quarters of 2025, with notable increases in both revenue and net profit [1] Group 2 - The company's operating revenue for the first three quarters reached 4.732 billion yuan, representing a year-on-year increase of 10.67% [1] - The net profit attributable to shareholders of the listed company was 83.825 million yuan, reflecting a year-on-year growth of 53.29% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 79.6054 million yuan, which is an increase of 81.77% year-on-year [1] - The basic earnings per share stood at 0.0217 yuan [1]

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]