Core Insights - Shudao Equipment reported a significant increase in both revenue and profit for the first half of 2025, with revenue reaching 205 million yuan, a year-on-year growth of 35.24%, and net profit soaring to 10.15 million yuan, reflecting a staggering increase of 5972.30% [1] Financial Performance - The company's revenue for the first half of 2025 was 205 million yuan, marking a 35.24% increase compared to the previous year [1] - Net profit for the same period was 10.15 million yuan, which represents a remarkable increase of 5972.30% year-on-year [1] Dividend Policy - Shudao Equipment announced that it will not distribute cash dividends, issue bonus shares, or increase share capital from reserves [1]

| 其附属企业 | 有限责任公司 | 任公司之子公司 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 控股股东、实际控制人及 | 四川蜀道新能源科 | 蜀道投资集团有限责 | 应收账款 | - | 110.55 | - | - | 110.55 | 保证金 | 经营性往来 | | 其附属企业 | 技发展有限公司 | 任公司之子公司 | | | | | | | | | | 控股股东、实际控制人及 | 四川省智慧交通科 | 蜀道投资集团有限责 | 应收账款 | - | 303.11 | - | - | 303.11 | 销售货款 | 经营性往来 | | 其附属企业 | 技有限责任公司 | 任公司之子公司 | | | | | | | | | | 控股股东、实际控制人及 | 四川省交通建设集 | 蜀道投资集团有限责 | 应收票据 | - | 616.00 | - | - | 616.00 | 销售货款 | 经营性往来 | | 其附属企业 | 团有限责任公司 | 任公司之子公司 | | | | ...

证券代码：300540 证券简称：蜀道装备 公告编号：2025-043 四川蜀道装备科技股份有限公司 第五届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 四川蜀道装备科技股份有限公司（以下简称"公司"）第五届董事会第四次 会议于 2025 年 8 月 25 日以现场结合通讯方式召开，本次会议于 2025 年 8 月 15 日以专人送达、电子邮件等方式发出会议通知及相关材料。本次会议应出席会议 董事 9 人，实际出席会议董事 9 人，其中董事涂兵、陈兴根、郭海、侯水平、陈 明红以通讯方式出席会议并表决。本次会议由董事长胡圣厦主持，公司高级管理 人员及监事列席了本次会议。本次会议的召开符合《公司法》等相关法律、行政 法规、部门规章、规范性文件和《公司章程》的规定。 1、以 9 票同意、0 票反对、0 票弃权审议通过《2025 年半年度报告及其摘 要》 董事会认为：公司 2025 年半年度报告及其摘要的内容真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏。 本议案已经公司第五届董事会审计委员会第三次会议审 ...

四川蜀道装备科技股份有限公司 ESG 管理制度 （2025 年 8 月） 第一章 总则 本制度所称 ESG 议题，是指体现对公司自身、经济、社会、环境和利益相关 方具有影响的事项或因素。 第二章 ESG 管理原则 第五条 公司 ESG 管理工作遵循以下原则： （一）全面覆盖，融入公司发展战略和经营管理。将 ESG 要求全面融入公司 发展战略、治理结构、生产经营和业务流程，实现 ESG 管理的全面覆盖。 （二）落实责任，建立恰当的 ESG 管理体系。结合公司发展实际，匹配 ESG 管理资源，加强对公司各部门、各出资企业的统筹协调、系统管理。 1 （三）高效协同，依法依规开展 ESG 管理工作。公司遵守相关法律法规、规 范性文件的规定，结合所处行业特点、行业发展阶段、自身商业模式、所处价值 链、国内国际主流 ESG 评级体系要求等情况开展 ESG 相关工作，包括但不限于选 取和确定可持续发展议题、构建 ESG 工作机制、建立和完善具有公司特色的议题 矩阵等，强化管理协同，提高管理效率。 第一条 为进一步加强四川蜀道装备科技股份有限公司（以下简称"公司"） ESG 管理，健全公司 ESG 管理体系，提升可持续发展能 ...

格隆汇8月26日｜蜀道装备公告，2025年上半年营业收入2.05亿元，同比增长35.24%；净利润1015.13万 元，同比增长5972.30%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 204,960,715.43, representing a 35.24% increase compared to CNY 151,549,179.71 in the same period last year[21]. - The net profit attributable to shareholders was CNY 10,151,348.77, a significant increase of 5,972.30% from CNY 167,174.61 in the previous year[21]. - The basic earnings per share rose to CNY 0.0442, up 4,320.00% from CNY 0.0010 in the same period last year[21]. - The company reported a net cash flow from operating activities of CNY -94,731,311.28, contrasting with CNY 59,263,160.56 in the same period last year[21]. - The company's operating costs increased by 31.88% to ¥148,064,982.90, primarily due to the corresponding increase in costs associated with the rise in revenue[53]. - The company's total operating revenue for the reporting period was ¥204,960,715.43, representing a year-on-year increase of 35.24% due to the completion of projects that met revenue recognition conditions[53]. - The company's net profit for the first half of 2025 was ¥9,932,480.77, a substantial increase from ¥192,046.60 in the first half of 2024, indicating strong financial performance[143]. - The total operating costs for the first half of 2025 were ¥199,966,109.04, an increase from ¥171,105,649.46 in the first half of 2024, suggesting rising operational expenses[142]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,032,171,933.65, a decrease of 3.27% from CNY 2,100,830,514.65 at the end of the previous year[21]. - The company's total liabilities decreased to ¥839,437,648.14 in the first half of 2025 from ¥976,798,367.41 in the first half of 2024, showing improved financial health[142]. - The company's total liabilities decreased from ¥981,063,300.30 to ¥914,133,798.57, a decline of about 6.8%[136]. - The company's cash and cash equivalents increased by 235.90% to ¥112,053,902.04, primarily due to increased cash inflows from investment activities[53]. - The company's total equity decreased slightly from ¥1,119,767,214.35 to ¥1,118,038,135.08, a decrease of about 0.15%[136]. - The company's total equity at the end of the period is RMB 1,021,966,455, an increase of RMB 22,431,869.24 compared to the beginning of the period[169]. Research and Development - The company invested 11.12 million yuan in R&D during the reporting period, focusing on projects such as high-efficiency low-temperature expansion machines and LNG skids[45]. - Research and development expenses decreased by 22.94% to ¥11,120,151.26, indicating a reduction in investment in R&D activities[53]. - Research and development expenses for the first half of 2025 were ¥11,120,151.26, down from ¥14,431,164.20 in the first half of 2024, indicating a potential shift in investment strategy[142]. Market Position and Operations - The company holds a leading market share in LNG equipment domestically and has made significant technological advancements, including the development of the first domestic LNG liquefaction unit[33]. - The company is actively expanding its gas investment operations and clean energy operations, producing and selling industrial gases, specialty gases, rare gases, and LNG[35]. - The company aims to enter the top tier of the national hydrogen energy industry by 2027, with plans to promote over 4,000 hydrogen vehicles and establish more than 40 hydrogen refueling stations[30]. - The company has developed a comprehensive range of products, including LNG liquefaction units, air separation units, and hydrogen refueling stations, leveraging its deep-cooling technology[34]. - The company is positioned to benefit from the ongoing growth in the industrial gas market, particularly in the electronic specialty gas sector, driven by demand from key industries[29]. Shareholder and Equity Information - The total number of shares before the changes was 165,375,993, which decreased to 163,970,793 after the repurchase and cancellation of 1,405,200 restricted shares[116]. - The company distributed a cash dividend of RMB 0.50 per 10 shares and increased capital by 4 shares for every 10 shares held, resulting in a total share capital increase to 229,559,110 shares[117]. - The total number of shares held by the top 10 shareholders is 92,000,000 shares, accounting for a significant portion of the company's equity[125]. - The largest shareholder, Shudao Transportation Service Group Co., Ltd., holds 29.35% of shares, totaling 67,386,985 shares[124]. - The company’s total restricted shares at the end of the period were 22,831,906, reflecting changes due to the repurchase and the 2024 profit distribution[121]. Corporate Governance and Compliance - The company maintained a 100% product quality pass rate and was recognized as an "Environmental Integrity Enterprise" during the reporting period[47]. - The company actively participated in the formulation of industry standards, including the "Technical Specifications for Liquid Hydrogen Supply Systems for Fuel Cell Vehicles," which was officially implemented in July[46]. - The company has established a comprehensive employee rights protection system, including social security benefits and a safety management system[82]. - The company held two shareholder meetings during the reporting period, ensuring equal voting rights for all shareholders, especially minority shareholders[81]. Community Engagement and ESG - The company disclosed its first ESG report, achieving an A-level rating and ranking 23rd among 561 peers in the industry[85]. - The company initiated a photovoltaic oxygen supply project in Aba County, enhancing local tourism and health services at an altitude of 3,300 meters[85]. - The company organized various community support activities, including participation in safety production month events[85]. - The company engaged in "purchase instead of donation" activities to support rural revitalization in key areas like Aba County and Mabi County[85].

天眼查商业履历信息显示，四川蜀道装备科技股份有限公司，成立于2008年，位于成都市，是一家以从 事通用设备制造业为主的企业。企业注册资本16069.1993万人民币，实缴资本6000万人民币。公司法定 代表人为胡圣厦。 通过天眼查大数据分析，四川蜀道装备科技股份有限公司共对外投资了13家企业，参与招投标项目177 次，知识产权方面有商标信息7条，专利信息132条，此外企业还拥有行政许可130个。 金融界消息 截至2025年8月19日收盘，蜀道装备（300540）报收于17.86元，下跌0.83%，换手率2.8%， 成交量5.69万手，成交金额1.01亿元。 资金流向方面，今日主力资金净流出1523.11万元，占比成交额15.01%。其中，超大单净流出252.20万 元、占成交额2.49%，大单净流出1270.91万元、占成交额12.53%，中单净流出流入772.00万元、占成交 额7.61%，小单净流入751.11万元、占成交额7.4%。 蜀道装备最新一期业绩显示，截至2025一季报，公司营业总收入5145.98万元、同比增长28.10%，归属 净利润65.59万元，同比减少116.57%，扣非净利润155. ...

一、行情 8月15日，SOFC（固体氧化物电池）概念股迎来反弹。佛燃能源涨停，壹石通盘中涨超10%，三环集团、大洋电机、雄韬股份、蜀道装备、凯中精密小幅跟 涨。 二、事件：海外龙头企业订单落地，推动行业站上风口 1）7月24日，美国SOFC龙头企业Bloom Energy宣布与甲骨文公司开展合作，将为其在美国的部分数据中心部署现场燃料电池系统，并承诺在90天内为甲骨 文的第一个数据中心供电。 7月30日，Bloom Energy公布25Q2业绩，二季度公司实现收入4.0亿美元，同比增长20%，毛利率28.2%，同比增长6.5%，净利润-4219万美元，同比减亏 31%。 当地时间8月14日，Bloom Energy收涨2.34%，创下收盘价历史新高，近16个交易日累计涨幅超67%。 2）新加坡首个氢能数据中心采用SOFC燃料电池技术，该项目整合了100%可再生能源、基于固体氧化物燃料电池（SOFC）的氢发电技术以及尖端的混合冷 却技术。（氢能源与燃料电池） 三、机构解读 1）SOFC具有能源转化效率高、燃料适应性广等优势，在长时储能场景、分布式离网供电及热电联供市场领域有着广泛应用，在各类数据中心、移动终端 ...

Group 1 - Shudao Equipment announced the establishment of Shudao Toyota Hydrogen Energy Technology (Sichuan) Co., Ltd. with a registered capital of 236 million yuan, where Toyota holds 50%, Shudao Equipment holds 45%, and Shudao Group holds 5% [1] - This marks Toyota's significant move in the Chinese hydrogen energy market following its partnership with Yihuatong to establish Huafeng Fuel Cell Company [1] - The fuel cell production line project has completed site selection and overall design in Qingbaijiang District, with construction progressing smoothly, expected to be operational by Q4 2025 [1] Group 2 - The Sichuan government has released a long-term development plan for the hydrogen industry, aiming to promote over 4,000 hydrogen fuel cell vehicles by 2027 [1] - The construction of the Chengyu Hydrogen Corridor provides ample application scenarios for hydrogen fuel cell heavy trucks, which are particularly suitable for drones and other weight-sensitive aircraft due to their high energy density and long range [1] - The new company will leverage the Toyota Production System (TPS) to create a localized production system and deepen cooperation in the production, sales, and commercialization of hydrogen fuel cells [2]

Group 1 - The establishment of Shudao Toyota Hydrogen Energy Technology (Sichuan) Co., Ltd. has been reported, with a registered capital of 236 million yuan [1] - The company is co-owned by Shudao Equipment, Shudao Investment Group, and Toyota Motor Corporation [1] - The business scope includes technology services, battery manufacturing and sales, electric vehicle charging infrastructure operation, and various consulting and maintenance services [1] Group 2 - The legal representative of the new company is Hu Shengxia [1] - The company is involved in a wide range of activities, including import and export of goods and technology, software development, and enterprise management consulting [1] - The company operates under the principle of conducting business activities independently as per its business license, except for projects requiring approval [1]