| 证券代码：300569 | 证券简称：天能重工 | 公告编号：2025-069 | | --- | --- | --- | | 转债代码：129071 | 转债简称：天能转债 | | 青岛天能重工股份有限公司 第五届董事会第九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 青岛天能重工股份有限公司（以下简称"公司"）第五届董事会第九次会议 于 2025 年 8 月 21 日在公司会议室以现场会议与通讯相结合的方式召开，会议通 知于 2025 年 8 月 11 日向各位董事发出。 本次会议由董事长黄文峰先生主持，本次会议应出席董事 9 人，实际出席董 事 9 人（其中非独立董事黄建斌先生、非独立董事宋锦霞女士、非独立董事宋锴 林先生以通讯方式参加会议）。本次会议的召集、召开符合《公司法》《公司章 程》和公司《董事会议事规则》等法律法规、规范性文件和公司制度的规定。 二、董事会会议审议情况 经与会董事审议表决，通过了以下议案： 1、审议通过了《关于〈2025 年半年度报告〉及其摘要的议案》； 公司《2025 年半年度报告 ...

| 证券代码：300569 | 证券简称：天能重工 | 公告编号：2025-064 | | --- | --- | --- | | 转债代码：123071 | 转债简称：天能转债 | | 青岛天能重工股份有限公司 关于 2025 年半年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 青岛天能重工股份有限公司（以下简称"公司"）于 2025 年 8 月 21 日召开 第五届董事会第九次会议及第五届监事会第三次会议，审议通过了《关于 2025 年半年度利润分配预案的议案》，本议案尚需提交 2025 年第一次临时股东会审 议。现将有关事宜公告如下： 一、2025 年半年度利润分配预案的基本情况 （一）2025 年半年度经营情况与可参与分配的股本情况 根据公司按照中国企业会计准则编制的《2025 年半年度报告》（未经审计）， 公司 2025 年半年度合并报表所实现的归属于上市公司股东的净利润为 69,242,560.17 元，母公司净利润为-67,815,748.86 元。根据《公司法》《公司章 程》等有关规定，母公司按净利润的 10%提取法定盈 ...

| 证券代码：300569 | 证券简称：天能重工 | 公告编号：2025-072 | | --- | --- | --- | | 债券代码：123071 | 债券简称：天能转债 | | 青岛天能重工股份有限公司 关于"天能转债"预计触发转股价格向下修正条件的 提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 5、青岛天能重工股份有限公司（以下简称"公司"）股票自 2025 年 8 月 18 日至 2025 年 8 月 22 日已有 5 个交易日的收盘价格低于当期转股价格的 90%， 若后续公司股票收盘价格继续低于当期转股价格的 90%，预计有可能触发《青 岛天能重工股份有限公司创业板向不特定对象发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）中向下修正的相关条款。若触发转股价格向 下修正条款，公司将按照《深圳证券交易所上市公司自律监管指引第 15 号—— 可转换公司债券》和《募集说明书》中的规定及时履行后续审议程序和信息披 露义务。敬请广大投资者注意投资风险。 一、可转换公司债券基本情况 （一）可转债发行上市情况 特别提示： | | ...

开展外汇套期保值业务的核查意见 中泰证券股份有限公司（以下称"保荐机构"、"中泰证券"）作为青岛天 能重工股份有限公司（以下简称"天能重工"、"公司"）2023 年度向特定对 象发行股票的保荐机构，根据《证券发行上市保荐业务管理办法》《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》等相关法律、法规和规范性文件的规定，对天能重工 开展外汇套期保值业务的事项进行了审慎核查，具体核查情况如下： 一、交易情况概述 （一）开展外汇套期保值业务的目的 公司开展外汇套期保值业务与日常生产经营紧密相关。随着公司业务不断发 展，外汇市场波动性增加，为有效规避外汇市场的风险，防范汇率大幅波动对公 司造成不良影响，提高外汇资金使用效率、合理降低财务费用、增强财务稳健性， 公司及子公司拟与具有相关业务经营资质的银行等金融机构开展外汇套期保值 业务。 （二）外汇套期保值业务基本情况 1、主要涉及币种及业务品种 公司及子公司拟开展的外汇套期保值业务仅限于生产经营所使用的主要结 算货币相同的币种，包括但不限于美元、欧元等跟实际业务相关的币种。公司及 子公司拟开展的外汇套期保 ...

[Part I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Part%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial preliminary information including the board's assurance, the report's structure, and key term definitions [Important Notice](index=2&type=section&id=Important%20Notice) The board, supervisory committee, and senior management guarantee the report's truthfulness, accuracy, and completeness, with a proposed cash dividend of 0.10 yuan per 10 shares - The company's board of directors, supervisory committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[5](index=5&type=chunk) - Company head Huang Wenfeng, chief accountant Jiang Weihong, and head of accounting department Jiang Weihong declare that the financial report in this semi-annual report is true, accurate, and complete[5](index=5&type=chunk) - The profit distribution plan approved by this board meeting is to distribute a cash dividend of **0.10 yuan (tax inclusive) per 10 shares** to all shareholders, based on **1,002,815,761 shares**, with no bonus shares or capital reserve conversions[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section lists the report's structured table of contents, including eight main chapters and their starting page numbers, providing quick navigation for investors - The report's table of contents clearly lists eight main chapters, covering company profile, financial indicators, management discussion and analysis, corporate governance, significant events, share changes, bond information, and financial reports[8](index=8&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides definitions for common terms used in the report, including company names, main products, industry organizations, and time units, ensuring consistent understanding for readers - "Tianneng Heavy Industry" refers to Qingdao Tianneng Heavy Industry Co, Ltd, whose controlling shareholder is Zhuhai Port Holdings Group Co, Ltd, and actual controller is Zhuhai Municipal People's Government State-owned Assets Supervision and Administration Commission[11](index=11&type=chunk) - The company's main product is "wind turbine towers" (one of the main components of wind power generation equipment), and the reporting period refers to January 1, 2025, to June 30, 2025[11](index=11&type=chunk) [Part II Company Profile and Key Financial Indicators](index=6&type=section&id=Part%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information and key financial performance metrics for the reporting period [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) This section provides the company's basic information, including stock ticker, code, listing exchange, Chinese and English names, and legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Tianneng Heavy Industry | | Stock Code | 300569 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Qingdao Tianneng Heavy Industry Co, Ltd | | Legal Representative | Huang Wenfeng | [II. Contact Persons and Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Information) This section lists the contact information for the company's Board Secretary and Securities Affairs Representative, facilitating communication with investors Contact Information | Position | Name | Phone | Email | | :--- | :--- | :--- | :--- | | Board Secretary | Li Chunmei | 0532-58829955 | ir@qdtnp.com | | Securities Affairs Representative | Yu Xinxiao | 0532-58829955 | ir@qdtnp.com | [III. Other Information](index=6&type=section&id=III.%20Other%20Information) The company's registered address, office address, website, email, information disclosure, and filing locations, as well as registration status, remained unchanged during the reporting period, as detailed in the 2024 annual report - The company's registered address, office address, website, and email remained unchanged during the reporting period, as detailed in the 2024 annual report[15](index=15&type=chunk) - Information disclosure and filing locations remained unchanged during the reporting period, as detailed in the 2024 annual report[16](index=16&type=chunk) - The company's registration status remained unchanged during the reporting period, as detailed in the 2024 annual report[17](index=17&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=6&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During this reporting period, the company's operating revenue increased by 25.15%, net profit attributable to shareholders increased by 6.43%, but net cash flow from operating activities decreased by 71.23%, while total assets and net assets attributable to shareholders both grew Key Accounting Data and Financial Indicators (Current Reporting Period vs. Prior Year Period) | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,458,135,438.92 | 1,165,067,630.68 | 25.15% | | Net Profit Attributable to Shareholders of Listed Company | 69,242,560.17 | 65,061,696.75 | 6.43% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 69,017,668.11 | 65,199,010.12 | 5.86% | | Net Cash Flow from Operating Activities | 13,328,678.92 | 46,321,017.93 | -71.23% | | Basic Earnings Per Share (yuan/share) | 0.0680 | 0.0636 | 6.92% | | Diluted Earnings Per Share (yuan/share) | 0.0680 | 0.0636 | 6.92% | | Weighted Average Return on Net Assets | 1.31% | 1.14% | 0.17% | | **Period-End Indicators** | **Current Period-End (yuan)** | **Prior Year-End (yuan)** | **Change (%)** | | Total Assets | 12,237,510,047.41 | 11,951,612,409.66 | 2.39% | | Net Assets Attributable to Shareholders of Listed Company | 5,304,996,545.67 | 5,273,820,165.36 | 0.59% | [V. Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) During the reporting period, the company reported no differences in net profit and net assets between financial reports prepared under international or overseas accounting standards and those under Chinese accounting standards - The company reported no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards during the reporting period[20](index=20&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards during the reporting period[21](index=21&type=chunk) [VI. Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) The total non-recurring gains and losses for this reporting period amounted to **224,892.06 yuan**, primarily comprising government subsidies, reversal of impairment provisions for receivables, debt restructuring gains/losses, and non-operating income/expenses, with certain poverty alleviation expenditures classified as recurring Non-Recurring Gains and Losses Items and Amounts | Item | Amount (yuan) | | :--- | :--- | | Government subsidies recognized in current profit or loss (excluding those with continuous impact) | 953,603.35 | | Reversal of impairment provisions for receivables subject to separate impairment testing | 7,732,254.50 | | Gains and losses from debt restructuring | -4,065,390.09 | | One-off expenses incurred by the enterprise due to the discontinuation of related operating activities | -1,859,454.77 | | Other non-operating income and expenses apart from the above items | -1,594,743.14 | | Less: Income tax impact | 941,377.79 | | **Total** | **224,892.06** | - Expenditures for consolidating and expanding poverty alleviation achievements, totaling **2,502,000.00 yuan**, are classified as recurring gains and losses because they are paid annually during power station operations[24](index=24&type=chunk) [Part III Management Discussion and Analysis](index=9&type=section&id=Part%20III%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive analysis of the company's business operations, financial performance, asset and liability status, investment activities, and risk factors during the reporting period [I. Main Business Activities During the Reporting Period](index=9&type=section&id=I.%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company's core businesses include manufacturing and selling wind turbine towers and new energy power generation, benefiting from domestic policy support and global offshore wind market growth, leading to increased revenue and net profit, alongside strategic initiatives and capacity optimization [(I) Main Products and Uses](index=9&type=section&id=(I)%20Main%20Products%20and%20Uses) The company's main products include wind turbine towers (hybrid and offshore, monopiles), offshore photovoltaic platform brackets, anchor bolts, and new energy power generation, serving as critical components for wind power equipment and operating wind and solar power plants - The company's main products include wind turbine towers for wind power generation (including hybrid towers, offshore wind turbine towers, and monopiles), offshore photovoltaic platform brackets, anchor bolts, and new energy power generation businesses[26](index=26&type=chunk) - Wind turbine towers and monopiles are crucial components of wind power equipment support systems, while new energy power generation involves converting wind and solar energy into electricity for grid sale[26](index=26&type=chunk) [(II) Industry Development Overview](index=9&type=section&id=(II)%20Industry%20Development%20Overview) The domestic wind power industry is supported by national policies, driving continuous growth in renewable energy installed capacity and generation, while the global offshore wind market is projected to achieve a 21% CAGR over the next decade [1. Domestic Wind Power Development](index=9&type=section&id=1.%20Domestic%20Wind%20Power%20Development) National Energy Administration policies support wind power growth, promoting market-based pricing and direct green power connections, resulting in 51.39 GW of new wind power capacity and 588 billion kWh of generation in the first half of the year, a 15.6% increase - The National Energy Administration issued the "2024 Energy Regulation Work Priorities," promoting the grid connection of large-scale wind and solar bases and distributed photovoltaic projects[27](index=27&type=chunk) - The National Development and Reform Commission and the National Energy Administration issued the "Notice on Deepening the Market-Oriented Reform of New Energy On-Grid Tariffs and Promoting High-Quality Development of New Energy," pushing for new energy on-grid tariffs to be fully market-determined[27](index=27&type=chunk) - In the first half of this year, national renewable energy new installed capacity reached **268 GW**, a **99.3% year-on-year increase**, with wind power adding **51.39 GW**[30](index=30&type=chunk) - As of the end of June this year, national cumulative grid-connected wind power capacity reached **573 GW**, a **22.7% year-on-year increase**, with cumulative power generation of **588 billion kWh** in the first half, a **15.6% year-on-year increase**[32](index=32&type=chunk) [2. Global Wind Power Market Development](index=10&type=section&id=2.%20Global%20Wind%20Power%20Market%20Development) The Global Wind Energy Council (GWEC) forecasts a **21% CAGR** for the offshore wind industry over the next decade (2025-2034), with global offshore wind total installed capacity expected to reach **441 GW by the end of 2034** - GWEC forecasts a **21% compound annual growth rate** for the offshore wind industry over the next decade (2025-2034)[33](index=33&type=chunk) - By the end of 2034, global offshore wind total installed capacity is projected to reach **441 GW**[33](index=33&type=chunk) [(III) Main Business Operations During the Reporting Period](index=10&type=section&id=(III)%20Main%20Business%20Operations%20During%20the%20Reporting%20Period) During the reporting period, the company's operating revenue increased by **25.15% to 1.458 billion yuan**, with net profit attributable to the parent company growing by **6.43% to 69.24 million yuan**, while wind turbine tower production reached **253,500 tons** and new energy power generation achieved **315.19 million yuan** in sales from **681.3 MW** capacity Main Business Financial Performance During the Reporting Period | Indicator | Amount (million yuan) | Year-on-Year Growth (%) | | :--- | :--- | :--- | | Operating Revenue | 1,458.14 | 25.15% | | Net Profit Attributable to Shareholders of Listed Company | 69.24 | 6.43% | - In the first half of 2025, the company achieved wind turbine tower production of approximately **253,500 tons** and sales of approximately **208,600 tons**[35](index=35&type=chunk) - As of the end of the reporting period, the company's total new energy power generation business scale was approximately **681.3 MW**, achieving electricity sales revenue of approximately **315.19 million yuan**[36](index=36&type=chunk) [(IV) Business Model](index=10&type=section&id=(IV)%20Business%20Model) The company's wind turbine tower manufacturing and sales business operates on a "production-to-order" and "procurement-to-production" model, with sales primarily through bidding and a "proximity" principle, supported by 13 production bases nationwide with a combined annual capacity of approximately **913,500 tons** - The company's production model is "production-to-order," with raw material procurement and production organized based on sales contracts and customer drawings[37](index=37&type=chunk) - The procurement model is "procurement-to-production," where raw material procurement largely corresponds to sales contracts to mitigate the impact of price fluctuations[37](index=37&type=chunk) - The sales model primarily involves bidding, adopting a "proximity" principle to reduce transportation costs and improve delivery efficiency[37](index=37&type=chunk) Company Production Bases and Annual Capacity | Region | Annual Capacity (tons) | | :--- | :--- | | Shandong Qingdao Factory | 80,000 | | Jilin Tongyu Factory | 40,000 | | Jilin Daan Factory | 50,000 | | Xinjiang Hami Factory | 34,000 | | Inner Mongolia Hinggan League Factory | 40,000 | | Inner Mongolia Shangdu Factory | 40,000 | | Inner Mongolia Baotou Factory | 40,000 | | Yunnan Yuxi Factory | 25,500 | | Hunan Chenzhou Factory | 34,000 | | Gansu Minqin Factory | 50,000 | | Jiangsu Yancheng Factory (Offshore) | 180,000 | | Guangdong Shanwei Factory (Offshore) | 100,000 | | Dongying Factory (Offshore) | 200,000 | | **Total** | **913,500** | [(V) Key Performance Drivers](index=11&type=section&id=(V)%20Key%20Performance%20Drivers) The company's performance growth is primarily driven by the implementation of its "Two Seas Strategy," continuous optimization of capacity layout, enhanced marketing management, and high-quality development and operation of new energy power stations - Promoting the implementation of the "Two Seas Strategy," increasing R&D investment in offshore engineering products such as offshore photovoltaic platform brackets and jacket foundations, and innovatively developing overseas markets to achieve direct product exports[39](index=39&type=chunk)[40](index=40&type=chunk) - Continuously enhancing and optimizing the company's capacity layout, with the Jiangsu technical upgrade and second-phase expansion project commencing trial operation in June 2025, increasing annual capacity to **180,000 tons** and enabling the production of super-large pipe piles[41](index=41&type=chunk) - Continuously optimizing the marketing management system, adjusting to a two-tier marketing structure of marketing centers and regional subsidiaries, strengthening marketing to core customers, and consolidating domestic market position[42](index=42&type=chunk) - High-quality advancement of new energy power station development and operation, strengthening project development efforts, steadily promoting the construction of existing wind power projects, and exploring new business models such as energy storage and green certificate trading[43](index=43&type=chunk) [II. Core Competitiveness Analysis](index=11&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness is demonstrated across seven key areas: production capacity scale, technological R&D, product quality, digitalized manufacturing, state-owned asset management, industrial synergy, and customer reputation, collectively supporting its leading position and sustainable development in the wind power industry [(I) Production Capacity Scale Advantage](index=12&type=section&id=(I)%20Production%20Capacity%20Scale%20Advantage) As a leading wind turbine tower manufacturer, the company operates 13 production bases with a combined annual capacity of approximately **913,500 tons**, strategically located to cover major domestic wind power bases, effectively reducing transportation costs and enhancing supply and delivery efficiency - The company is one of the domestic leading enterprises in the wind turbine tower industry, with product sales consistently ranking among the top for many years[45](index=45&type=chunk) - As of the end of the reporting period, the company had **13 wind turbine tower production bases** nationwide, with a total capacity of approximately **913,500 tons**, largely covering domestic wind power bases[45](index=45&type=chunk) - The market-oriented layout effectively reduces costs, improves supply and delivery efficiency, and enhances sales and after-sales service capabilities[45](index=45&type=chunk) [(II) Core Technology R&D](index=12&type=section&id=(II)%20Core%20Technology%20R%26D) The company boasts a professional R&D team, deeply engaged in traditional wind turbine towers, and increasing investment in offshore wind jacket foundations and floating foundation products, holding **115 patents** as of the reporting period end, demonstrating advantages in several key manufacturing technologies - The company has a professional technical R&D team, maintaining close technical communication with mainstream design units to understand cutting-edge trends in wind power equipment[46](index=46&type=chunk) - Increasing efforts to attract professional R&D talent in offshore wind jacket foundations and floating foundation products, and diligently carrying out technological innovation and reserves[46](index=46&type=chunk) - As of the end of the reporting period, the company held **115 patents**, including **14 invention patents** and **101 utility model patents**[46](index=46&type=chunk) [(III) Stable Product Quality](index=12&type=section&id=(III)%20Stable%20Product%20Quality) The company has established a comprehensive quality management system, achieving multiple international and domestic certifications to ensure stable and reliable wind turbine tower product quality, with advantages in flange flatness, welding, rust removal, painting, and hybrid tower manufacturing technologies - The company holds a manufacturing license for medium and low-pressure vessels (D) for pressure vessels, and has passed EN1090, ISO3834 international welding certifications, and American Petroleum Institute (API) certification[47](index=47&type=chunk) - **Seven product specifications** have passed authoritative product certification by Electric Power (Beijing) Certification Center, with anchor bolt components and towers (for wind turbine generator capacities between 12,000kW and 18,000kW) being industry firsts[47](index=47&type=chunk) - Established a comprehensive quality, environmental, and occupational health and safety management system, successively passing ISO9001, ISO14001, and ISO45001 three major international standard certifications, and obtaining a special-grade qualification for steel structure manufacturing[47](index=47&type=chunk) [(IV) Digital and Intelligent Transformation of Manufacturing Bases](index=12&type=section&id=(IV)%20Digital%20and%20Intelligent%20Transformation%20of%20Manufacturing%20Bases) The company is driving the digital and intelligent transformation of its manufacturing bases, automating key production processes like welding to enhance efficiency and product quality stability, having completed a digital integrated intelligent control platform design and obtained ISO/IEC 27001 information security management system certification - Promoting the digital and intelligent transformation of manufacturing bases, advancing automation upgrades in key production links such as welding, and driving down production costs through technological empowerment[48](index=48&type=chunk) - Achieving full-process visualization management of production data, significantly improving production efficiency and product quality stability[48](index=48&type=chunk) - The company was selected as one of the fourth batch of pilot enterprises for Qingdao's small and medium-sized enterprise digital transformation city pilot program, and officially passed ISO/IEC 27001:2022 information security management system certification[48](index=48&type=chunk) [(V) State-Owned Asset Management Advantage](index=13&type=section&id=(V)%20State-Owned%20Asset%20Management%20Advantage) As a state-controlled enterprise, the company possesses excellent lean management genes and a skilled management team, achieving cost reduction and efficiency improvement through measures like streamlined organization and centralized management, with state capital investment enhancing its credit rating, financing capabilities, and risk resistance - As a state-controlled enterprise, the company possesses excellent lean management genes,拥有一支有能力、有责任心、作风过硬的管理人才队伍[49](index=49&type=chunk) - Achieving cost reduction and efficiency improvement in enterprise operations through measures such as streamlined organization, centralized management, specialized division of labor, and standardized processes[49](index=49&type=chunk) - State capital investment further enhances the company's credit rating and financing capabilities, while also improving its risk resistance and continuously optimizing its asset-liability structure[49](index=49&type=chunk) [(VI) Industrial Layout Synergy](index=13&type=section&id=(VI)%20Industrial%20Layout%20Synergy) The company continues to expand its industrial chain, self-operating **563.3 MW** of wind power plants and **118 MW** of photovoltaic power plants, with **97.6 MW** of wind power projects under construction, making new energy power generation a stable source of income and profit, fostering a synergistic and positive development trend - As of the end of the reporting period, the company self-operated approximately **563.3 MW** of wind power plants, **118 MW** of photovoltaic power plants, and had **97.6 MW** of wind power projects under construction[50](index=50&type=chunk) - The new energy power generation business has become a stable source of income and profit for the company[50](index=50&type=chunk) - Through industrial chain expansion, the company integrates wind turbine tower manufacturing with wind and solar resource development and utilization, forming a synergistic and positive development trend[50](index=50&type=chunk) [(VII) Customer Reputation Accumulation](index=13&type=section&id=(VII)%20Customer%20Reputation%20Accumulation) Adhering to its core brand values of "customer first, integrity management," the company enjoys high recognition and reputation in the industry due to its excellent quality and superior after-sales service, maintaining strong cooperative relationships with major domestic wind power operators and mainstream wind turbine manufacturers - The company adheres to the core brand values of "customer first, integrity management, innovative efficiency, and mutual benefit and win-win"[51](index=51&type=chunk) - Enjoying high recognition and reputation in the industry due to its excellent quality reputation and high-quality after-sales service[51](index=51&type=chunk) - Maintaining good cooperative relationships with major domestic wind power operators and mainstream wind turbine manufacturers, with the company's products consistently holding a leading market share in the domestic market[51](index=51&type=chunk) [III. Main Business Analysis](index=13&type=section&id=III.%20Main%20Business%20Analysis) During this reporting period, the company's main business revenue increased by **25.15%** due to higher tower sales, with significant increases in operating costs, sales expenses, and R&D investment, while administrative and financial expenses decreased, and new energy power generation boasts a significantly higher gross profit margin than tower manufacturing Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Year-on-Year Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,458,135,438.92 | 1,165,067,630.68 | 25.15% | Tower sales growth | | Operating Cost | 1,220,216,241.15 | 904,587,066.53 | 34.89% | Tower sales growth | | Sales Expenses | 12,220,854.58 | 6,186,449.59 | 97.54% | Order growth | | Administrative Expenses | 69,815,272.28 | 82,600,040.58 | -15.48% | Strengthened budget and expense control | | Financial Expenses | 81,790,452.32 | 92,675,727.10 | -11.75% | Optimized financing structure, reduced interest expenses | | Income Tax Expenses | 4,282,288.13 | 2,371,766.98 | 80.55% | Profit growth compared to prior period | | R&D Investment | 12,064,818.91 | 7,208,836.02 | 67.36% | Increased R&D efforts | | Net Cash Flow from Operating Activities | 13,328,678.92 | 46,321,017.93 | -71.23% | Slight decrease in wire transfer sales collection | | Net Cash Flow from Investing Activities | -89,802,919.02 | -130,426,850.57 | 31.15% | Reduced investment expenditures | | Net Cash Flow from Financing Activities | 215,519,764.22 | -15,392,075.09 | 1,500.20% | Arrival of finance lease payments | | Net Increase in Cash and Cash Equivalents | 139,452,007.67 | -99,497,907.73 | 240.16% | Arrival of finance lease payments | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Profit Margin (%) | Operating Revenue Year-on-Year Change (%) | Operating Cost Year-on-Year Change (%) | Gross Profit Margin Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Wind Power Equipment Manufacturing (Towers, etc.) | 1,119,949,299.64 | 1,084,983,347.00 | 3.12% | 38.28% | 39.67% | -0.96% | | New Energy Power Generation | 315,191,329.39 | 120,194,412.77 | 61.87% | -8.73% | -3.03% | -2.24% | [IV. Non-Core Business Analysis](index=14&type=section&id=IV.%20Non-Core%20Business%20Analysis) Non-core business activities negatively impacted total profit during this reporting period, primarily due to investment income, asset impairment, and non-operating expenses, with credit impairment losses contributing **60.46%** of total profit, though most non-core items are not sustainable Non-Core Business Analysis | Item | Amount (yuan) | Percentage of Total Profit (%) | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | -4,676,358.27 | -6.28% | Debt restructuring gains and bill discount interest expenses | No | | Asset Impairment | -15,531,444.50 | -20.86% | Impairment of inventory, fixed assets, and contract assets | No | | Non-Operating Income | 2,203,182.58 | 2.96% | Contract compensation gains | No | | Non-Operating Expenses | 6,299,925.72 | 8.46% | Expenditures for consolidating and expanding poverty alleviation achievements and asset disposal losses | Partially sustainable, others no | | Other Income | 3,199,582.50 | 4.30% | Government subsidies, additional input tax deductions, and immediate VAT refunds | Partially sustainable, others no | | Credit Impairment Losses | 45,020,516.52 | 60.46% | Provision for impairment of accounts receivable, other receivables, and notes receivable | No | [V. Analysis of Assets and Liabilities](index=14&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets and net assets attributable to the parent company both increased, with significant increases in inventory and construction in progress as a percentage of total assets, while accounts receivable decreased, and contract liabilities and long-term borrowings increased, with some assets subject to restricted rights [1. Significant Changes in Asset Composition](index=14&type=section&id=1.%20Significant%20Changes%20in%20Asset%20Composition) At the end of the reporting period, the company's total assets grew by **2.39%**, with inventory and construction in progress increasing by **3.14%** and **1.23%** respectively, mainly due to higher raw material preparation for orders and increased project construction investment, while accounts receivable decreased by **2.23%** due to enhanced collection management Significant Changes in Asset Composition | Item | Current Period-End Amount (yuan) | Percentage of Total Assets (%) | Prior Year-End Amount (yuan) | Percentage of Total Assets (%) | Change in Proportion (%) | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 1,052,004,799.57 | 8.60% | 972,463,390.25 | 8.14% | 0.46% | | | Accounts Receivable | 2,659,665,013.11 | 21.73% | 2,863,168,942.95 | 23.96% | -2.23% | Strengthened accounts receivable management, increased collections | | Contract Assets | 68,775,965.90 | 0.56% | 21,667,997.18 | 0.18% | 0.38% | | | Inventories | 1,986,963,886.67 | 16.24% | 1,565,872,681.89 | 13.10% | 3.14% | More orders on hand at period-end, more raw material preparation, some projects not yet shipped | | Fixed Assets | 4,317,885,262.24 | 35.28% | 4,420,848,218.12 | 36.99% | -1.71% | | | Construction in Progress | 527,588,978.44 | 4.31% | 368,349,925.56 | 3.08% | 1.23% | | | Contract Liabilities | 541,191,629.49 | 4.42% | 362,919,909.30 | 3.04% | 1.38% | | | Long-term Borrowings | 1,198,614,138.06 | 9.79% | 1,037,490,344.94 | 8.68% | 1.11% | | [2. Major Overseas Assets](index=14&type=section&id=2.%20Major%20Overseas%20Assets) During the reporting period, the company had no major overseas assets - The company had no major overseas assets during the reporting period[59](index=59&type=chunk) [3. Assets and Liabilities Measured at Fair Value](index=15&type=section&id=3.%20Assets%20and%20Liabilities%20Measured%20at%20Fair%20Value) At the end of the reporting period, the company's financial assets measured at fair value primarily consisted of receivables financing, with a period-end balance of **34.52 million yuan**, a significant decrease from the beginning of the period, mainly due to changes in bank acceptance bills held Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (yuan) | Period-End Balance (yuan) | Explanation of Other Changes | | :--- | :--- | :--- | :--- | | Financial Assets: Receivables Financing | 249,788,893.48 | 34,522,966.55 | Changes in bank acceptance bills held | | Financial Liabilities | 0.00 | 0.00 | | [4. Restricted Asset Rights as of the End of the Reporting Period](index=15&type=section&id=4.%20Restricted%20Asset%20Rights%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the end of the reporting period, the company had **2,460.91 million yuan** in restricted asset rights, primarily including monetary funds, accounts receivable, fixed assets, and intangible assets, with restrictions due to guarantees, pledges, mortgages, and litigation preservation freezes Restricted Asset Rights | Item | Book Value (yuan) | Restriction Status | | :--- | :--- | :--- | | Monetary Funds | 90,843,294.83 | Guarantees | | Accounts Receivable - Goods | 925,283.50 | Wind turbine tower accounts receivable pledge | | Accounts Receivable - Electricity | 896,762,712.76 | Charging rights pledge | | Other Current Assets | 46,402,012.15 | Litigation preservation freeze funds | | Long-term Receivables | 31,990,800.66 | Finance lease guarantee deposit | | Fixed Assets - Buildings | 76,154,520.55 | Mortgage | | Fixed Assets - Machinery (Finance Lease) | 1,267,761,273.13 | Mortgage | | Intangible Assets - Land Use Rights | 50,073,081.20 | Mortgage | | **Total** | **2,460,912,978.78** | | [VI. Investment Analysis](index=15&type=section&id=VI.%20Investment%20Analysis) During the reporting period, the company's total investment decreased year-on-year, with no significant equity investments, and non-equity investments primarily focused on wind power and Jiangsu expansion projects; most raised funds have been utilized, but some project returns fell short of expectations, and the use of raised funds was altered [1. Overall Situation](index=15&type=section&id=1.%20Overall%20Situation) During the reporting period, the company's total investment was **152.19 million yuan**, a **15.88% decrease** compared to the prior year period Investment Amount During the Reporting Period | Indicator | Amount (yuan) | | :--- | :--- | | Investment Amount During the Reporting Period | 152,189,277.05 | | Investment Amount in Prior Year Period | 180,915,927.66 | | Change Percentage | -15.88% | [2. Significant Equity Investments Acquired During the Reporting Period](index=15&type=section&id=2.%20Significant%20Equity%20Investments%20Acquired%20During%20the%20Reporting%20Period) During the reporting period, the company did not acquire any significant equity investments - The company did not acquire any significant equity investments during the reporting period[64](index=64&type=chunk) [3. Significant Non-Equity Investments in Progress During the Reporting Period](index=15&type=section&id=3.%20Significant%20Non-Equity%20Investments%20in%20Progress%20During%20the%20Reporting%20Period) The company's significant non-equity investment projects include the Tianneng Heavy Industry Wuchuan 150MW Wind Power Project and the Jiangsu Expansion Project, with cumulative actual investments of **101 million yuan** and **246 million yuan**, and project progress rates of **74.71%** and **69.37%** respectively Significant Non-Equity Investments in Progress | Project Name | Investment Method | Is it Fixed Asset Investment | Industry Involved | Amount Invested in Current Reporting Period (yuan) | Cumulative Actual Investment Amount as of Period-End (yuan) | Project Progress (%) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Tianneng Heavy Industry Wuchuan 150MW Wind Power Project | Self-built | Yes | Power Generation | 16,123,309.5 | 275,752,263.20 | 69.37% | Own funds and bank financing | | Jiangsu Expansion Project | Self-built | Yes | Wind Turbine Tower Manufacturing | 100,654,729.34 | 246,393,940.55 | 74.71% | Raised funds and own funds | [4. Financial Assets Measured at Fair Value](index=16&type=section&id=4.%20Financial%20Assets%20Measured%20at%20Fair%20Value) The company's financial assets measured at fair value primarily consist of receivables financing, with a period-end balance of **34.52 million yuan**, a significant decrease from the beginning of the period, mainly due to changes in bank acceptance bills held Financial Assets Measured at Fair Value | Asset Category | Initial Investment Cost (yuan) | Period-End Amount (yuan) | Other Changes (yuan) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | | Other (Receivables Financing) | 249,788,893.48 | 34,522,966.55 | -215,265,926.93 | Own funds | [5. Use of Raised Funds](index=16&type=section&id=5.%20Use%20of%20Raised%20Funds) As of the end of the reporting period, the company had utilized **1.285 billion yuan** of raised funds, with a remaining balance of **218 million yuan**; some committed projects did not meet expected returns, and the use of raised funds was changed, terminating the Guangdong and Jilin technical upgrade projects and reallocating all funds to the Jiangsu technical upgrade and expansion project [(1) Overall Use of Raised Funds](index=16&type=section&id=(1)%20Overall%20Use%20of%20Raised%20Funds) As of June 30, 2025, the company had utilized **1.285 billion yuan** of raised funds, with a remaining balance of **218 million yuan**, including demand deposit interest and uninvested raised funds Overall Use of Raised Funds | Indicator | Amount (million yuan) | | :--- | :--- | | Total Raised Funds | 1,500 | | Net Raised Funds | 1,492.60 | | Total Raised Funds Used in Current Period | 94.43 | | Total Raised Funds Used Cumulatively | 1,284.84 | | Raised Funds Balance at Period-End | 217.97 | | Total Cumulatively Changed Use of Raised Funds | 280 | | Percentage of Total Cumulatively Changed Use of Raised Funds | 18.76% | - As of June 30, 2025, **1,284.84 million yuan** of raised funds had been used, with a remaining balance of **217.97 million yuan** (including demand deposit interest and uninvested raised funds)[70](index=70&type=chunk) [(2) Status of Committed Projects for Raised Funds](index=17&type=section&id=(2)%20Status%20of%20Committed%20Projects%20for%20Raised%20Funds) The Tianneng Heavy Industry Wuchuan 150MW Wind Power Project did not meet expected returns due to lower electricity prices and increased curtailment rates, while the Guangdong Tianneng

天眼查商业履历信息显示，青岛天能重工股份有限公司，成立于2006年，位于青岛市，是一家以从事金 属制品业为主的企业。企业注册资本102267.3484万人民币，实缴资本6250万人民币。公司法定代表人 为黄文峰。 通过天眼查大数据分析，青岛天能重工股份有限公司共对外投资了38家企业，参与招投标项目520次， 知识产权方面有商标信息4条，专利信息113条，此外企业还拥有行政许可28个。 天能重工最新一期业绩显示，截至2025一季报，公司营业总收入5.64亿元、同比增长8.45%，归属净利 润4570.13万元，同比增长5.51%，扣非净利润4253.47万元，同比增长4.19%，流动比率1.451、速动比率 1.033、资产负债率54.72%。 金融界消息 截至2025年8月12日收盘，天能重工（300569）报收于5.55元，下跌0.89%，换手率1.6%， 成交量16.30万手，成交金额9046.05万元。 来源：金融界 资金流向方面，今日主力资金净流出1381.17万元，占比成交额15.27%。其中，超大单净流出299.95万 元、占成交额3.32%，大单净流出1081.22万元、占成交额11.95%，中 ...

| 简称 | 行业(申万二级) | CFO | 薪酬(万) | 薪酬变化 | 归母净利(亿) | 増速 | 学历 | | --- | --- | --- | --- | --- | --- | --- | --- | | 大金重工 | 风电设备 | 刘爱花 | 168.27 | 3.3% | 4.74 | 11.5% | 硕士 | | 振江股份 | 风电设备 | 张小林 | 134.28 | 32.7% | 1.78 | -3.0% | 硕士 | | 运达股份 | 风电设备 | 吴明霞 | 129.61 | -24.0% | 4.65 | 12.2% | 本科 | | 天能重工 | 风电设备 | 将伟宏 | 84.07 | -24.6% | -2.62 | -204.0% | 硕士 | | 金雷股份 | 风电设备 | 周丽 | 81.17 | 8.3% | 1.73 | -58.0% | 本科 | | 恒润股份 | 风电设备 | 顾学俭 | 65.51 | 10.4% | -1.38 | -295.3% | 大专 | | 常友科技 | 风电设备 | 吴网娟 | 64.80 | 36.7% | 1.05 | 2 ...

Group 1 - Wind power equipment experienced significant price increases, with Electric Wind Power reaching a new high during trading [1] - Feiwo Technology saw a 20% limit-up increase, indicating strong market interest [1] - Other companies such as Yunda Co., China Shipbuilding Technology, Zhenjiang Co., Taisheng Wind Energy, and Tianneng Heavy Industry also experienced upward movement in their stock prices [1]

Group 1 - Tianeng Heavy Industry plans to reduce its shareholding by up to 2.94%, totaling no more than 30.08 million shares [1] - Huafa Co. has received approval from the China Securities Regulatory Commission to issue convertible bonds to specific investors [1] - ST Jiaotou has been identified as the first candidate for the general contracting of a project with a total investment of 58.28 million yuan [1] Group 2 - Pizaihuang's subsidiary plans to invest 200 million yuan in a health industry investment fund with a target size of 1 billion yuan [2] - ST Weihai has been selected as a candidate for a design and construction project with a bid of 156 million yuan [4] - Kangqiang Electronics plans to reduce its shareholding by up to 1%, totaling no more than 3.75 million shares [6] Group 3 - Zongsheng Pharmaceutical's vice president plans to reduce his shareholding by up to 900,000 shares [6] - Tapai Group reported a net profit of 435 million yuan for the first half of the year, a year-on-year increase of 92.47% [7] - Tapai Group plans to repurchase shares worth between 50 million and 100 million yuan [7] Group 4 - Xinghua Co.'s subsidiary has completed annual maintenance and resumed production [8] - Huaxi Co. intends to acquire 100% equity of Xiefeng Cotton and Hemp for 90 million yuan [9] - Mind Electronics' major shareholders plan to reduce their holdings by a total of 4% [10] Group 5 - Tianhe Co.'s director plans to reduce his shareholding by up to 0.15% [11] - Longxin Zhongke's shareholders plan to transfer a total of 1.37% of the company's shares through a private transfer [12] - Kory Technology's major shareholders plan to reduce their holdings by up to 3.03% [13] Group 6 - Hehua Co. is undergoing a change in actual control, with stock resuming trading [14] - Focus Media plans to acquire 100% of New潮传媒 for 8.3 billion yuan [15] - Lionhead Co. intends to acquire 97.44% of Lipu Technology for 662 million yuan [16] Group 7 - ST Tianmao's major shareholder is planning a significant matter, leading to a temporary suspension of stock trading [18] - Lianjian Technology plans to acquire 60% of Zhongren Tongce for 21 million yuan [19]

Core Viewpoint - On August 6, no A-share listed companies disclosed any increase in shareholding, while 23 companies announced share reductions by their shareholders [1] Summary by Category Share Reduction Details - Keri Technology: Shareholders plan to reduce their holdings by no more than 3.03% of the company's shares [2] - Tianhe Co.: Director and senior management member Luo Xuanbin plans to reduce holdings by no more than 0.15% [2] - Mind Electronics: Shareholders intend to reduce holdings by no more than 4% of the total share capital [2] - Maidi Technology: Shareholder Wang Jianhua plans to reduce holdings by no more than 0.2321% [2] - Tianneng Heavy Industry: Specific shareholder Zheng Xu plans to reduce holdings by no more than 30.0845 million shares [2] - Kabeiyi: Directors and senior management plan to reduce their holdings [2] - Jingsheng Co.: Shareholder Xinrui Jicheng plans to reduce holdings by no more than 3% [2] - Anlian Ruishi: Huiwen Tianfu and Qi Liang plan to reduce a total of no more than 700,000 shares [2] - Lichang Food: Shareholders Li Gao Xing and Li Gao Chuang plan to reduce their holdings [2] - Shuyuan Pingmin: Controlling shareholder plans to reduce holdings by no more than 2% [2] - Qianhong Pharmaceutical: Shareholders holding more than 5% plan to reduce holdings by no more than 2.09 million shares [2] - Zhongsheng Pharmaceutical: Director and executive Long Chunhua plans to reduce holdings by no more than 900,000 shares [2] - Kangqiang Electronics: Shareholder Si Maishi plans to reduce holdings by no more than 1% [2] - Pulutong: Shareholders plan to reduce holdings by no more than 0.98% [2] - Binhua Co.: Shareholder Zhang Zhongzheng plans to reduce holdings by no more than 0.8211% [2] - Kanshe Co.: Five individual shareholders plan to reduce holdings by no more than 0.99% [2] - Haoyuan Pharmaceutical: Su Xin Fund plans to reduce holdings by no more than 3% [2] - Diweier: Shareholders plan to reduce holdings by no more than 0.82% [2] - Dongfang Guoxin: Controlling shareholder reduced holdings by 2.68 million shares on August 5 [2] - Feilin Geer: During stock price fluctuations, CEO Liu Dunyin reduced holdings by 8,600 shares [2] - Yongxin Optical: Angao International plans to reduce holdings by no more than 200,000 shares [2] - Wuzhou Special Paper: Controlling shareholder's concerted action plans to reduce holdings by no more than 0.36% [2] - Tianyang New Materials: Zhuhai Hengqin Caidong Fund plans to reduce holdings by no more than 3% [2]