Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, despite triggering conditions for a downward adjustment due to stock price performance [1][5]. Group 1: Convertible Bond Issuance and Terms - The company issued 7 million convertible bonds with a total value of 700 million RMB, each with a face value of 100 RMB, approved by the China Securities Regulatory Commission on October 21, 2020 [2]. - The bonds were listed on the Shenzhen Stock Exchange on November 25, 2020, under the name "TianNeng Convertible Bonds" with the code "123071" [2]. - The conversion period for these bonds is from April 27, 2021, to October 20, 2026 [2]. Group 2: Conversion Price Adjustment History - The conversion price has been adjusted multiple times since issuance, with the most recent adjustment setting the price at 7.54 RMB per share effective from July 10, 2023 [3]. - The company previously adjusted the conversion price to 7.76 RMB per share effective from June 17, 2022 [4]. Group 3: Decision on Price Adjustment - On August 29, 2025, the company’s board decided not to exercise the right to adjust the conversion price downward, despite the stock price being below 90% of the current conversion price for ten trading days [5][6]. - The next period for potential price adjustment will start from October 30, 2025, should the conditions be triggered again [1][5].

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。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。 | 证券代码：300569 | 证券简称：天能重工 | 公告编号：2025-073 | | --- | --- | --- | | 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 第五届董事会第十次会议决议公告 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"）第五届董事会第十次会议 于 2025 年 8 月 29 日在公司会议室以通讯方式召开，会议通知于 2025 年 8 月 29 日以电子邮件、电话方式送达全体董事。本次会议为紧急临时会议，董事长在本 次会议上就紧急召开本次会议的情况进行了说明，公司全体董事均同意豁免本次 董事会会议的通知时限要求。 1．第五届董事会第十次会议决议。 特此公告。 青岛天能重工股份有限公司 董事会 2025 年 8 月 29 日 能转 ...

| 证券代码：300569 | 证券简称：天能重工 | 公告编号：2025-074 | | --- | --- | --- | | 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 关于不向下修正"天能转债"转股价格的公告 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。 特别提示： 1、自 2025 年 8 月 18 日至 2025 年 8 月 29 日，青岛天能重工股份有限公司 （以下简称"公司"）股票出现连续二十个交易日中有十个交易日的收盘价格 低于当期转股价格的 90%（即 6.72 元/股）的情形，已触发《青岛天能重工股份 有限公司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》"）中规定的转股价格向下修正条件。 2、经公司第五届董事会第十次会议审议通过，公司董事会决定本次不向下 修正"天能转债"的转股价格，且未来两个月内（即 2025 年 8 月 30 日至 2025 年 10 月 29 日）如再次触发"天能转债"转股价格向下修正条款的，亦不提出 向下修正方案。下一触发转股价格修正条件的期间从 2 ...

中泰证券股份有限公司关于 青岛天能重工股份有限公司 2025 年度持续督导培训情况报告 深圳证券交易所： 中泰证券股份有限公司（以下简称"中泰证券"、"保荐机构"）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 发行股份的持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 《深圳证券交易所创业板股票上市规则》以及《深圳证券交易所上市公司自律 监管指引第 13 号——保荐业务》等规定，结合天能重工的实际情况，认真履行 保荐机构应尽的职责，于 2025 年 8 月 21 日完成了对天能重工董事、监事、高 级管理人员以及董办员工等相关人员的持续培训工作，本次培训的具体情况如 下： 一、培训基本情况 法制观念和合规意识。本次培训将有助于进一步提升公司的规范运作水平和信 息披露水平，达到了预期目标，取得了良好的效果。 2 （本页无正文，为《中泰证券股份有限公司关于青岛天能重工股份有限公司 2025 年度持续督导培训情况报告》之签章页） 保荐代表人： 培训小组编制了培训课件，保荐代表人张开军于 202 ...

Financial Performance - The company reported a total revenue of 1.458 billion yuan for the first half of 2025, representing a year-on-year increase of 25.15% [1] - The net profit attributable to shareholders was 69.24 million yuan, up 6.43% year-on-year [1] - In Q2 2025, the revenue reached 894 million yuan, showing a significant increase of 38.64% compared to the same quarter last year [1] - The gross margin decreased to 16.32%, down 27.02% year-on-year, while the net margin fell to 4.81%, a decline of 15.4% [1] - The company’s inventory increased significantly by 46.44% year-on-year [1] Financial Ratios and Metrics - The company’s total expenses (selling, administrative, and financial) amounted to 164 million yuan, accounting for 11.24% of revenue, a decrease of 27.86% year-on-year [1] - Earnings per share (EPS) increased to 0.07 yuan, reflecting a growth of 6.92% year-on-year [1] - The cash flow from operating activities per share dropped to 0.01 yuan, a significant decline of 71.23% year-on-year [1] Changes in Financial Items - Accounts receivable decreased by 15.59% due to improved management and increased collections [3] - Inventory increased by 26.89% as a result of higher order volumes and materials preparation [3] - Revenue growth of 25.15% was attributed to increased sales of tower sections [3] - Operating costs rose by 34.89%, also linked to the increase in tower section sales [3] - Research and development expenses surged by 67.36% due to enhanced investment in R&D [3] Cash Flow and Debt Management - The net cash flow from operating activities saw a drastic decline of 71.23%, attributed to a slight decrease in sales collections [3] - The net increase in cash and cash equivalents rose by 240.16%, primarily due to the receipt of financing lease payments [3] - The company’s cash flow situation is concerning, with a cash to current liabilities ratio of only 33.2% [4]

Financial Performance - The company reported total revenue of 1.458 billion yuan, an increase of 293 million yuan compared to the same period last year, representing a year-on-year growth of 25.15% [1] - The net profit attributable to shareholders was 69.2426 million yuan, an increase of 4.1809 million yuan from the same period last year, reflecting a year-on-year increase of 6.43% [1] - The net cash inflow from operating activities was 13.3287 million yuan [1] Key Financial Ratios - The latest debt-to-asset ratio stands at 56.37% [2] - The latest gross profit margin is 16.32% [2] - The return on equity (ROE) is 1.31%, which is an increase of 0.16 percentage points compared to the same period last year [2] - The diluted earnings per share remained stable compared to the same period last year, with a year-on-year increase of 6.92% [2] - The total asset turnover ratio is 0.12 times, an increase of 0.03 times from the same period last year, representing a year-on-year growth of 28.03% [2] - The inventory turnover ratio is 0.69 times, remaining stable compared to the same period last year, with a year-on-year increase of 0.44% [2] Shareholder Information - The number of shareholders is 45,100, with the top ten shareholders holding a total of 410 million shares, accounting for 40.12% of the total share capital [2] - The largest shareholder is Zhuhai Port Holdings Group Co., Ltd., holding 22.6 million shares [2]

Group 1 - The company announced the approval of multiple proposals during the third meeting of the fifth supervisory board, including the special report on the use and storage of raised funds for the first half of 2025 [2]

Group 1 - The company announced the approval of multiple proposals during the ninth meeting of the fifth board of directors, including the special report on the use and storage of raised funds for the first half of 2025 [2]

Core Viewpoint - TianNeng Technology announced a cash dividend plan for the first half of 2025, proposing a distribution of 0.1 yuan per share (including tax), totaling approximately 10.02 million yuan, which represents 14.48% of the company's net profit [2][4]. Financial Performance - The company reported a revenue of 1.458 billion yuan for the first half of 2025, reflecting a year-on-year growth of 25.15% [2]. - The net profit for the same period was approximately 69.24 million yuan, showing a year-on-year increase of 6.43% [2]. - Basic earnings per share were reported at 0.068 yuan, with a weighted average return on equity of 1.31% [2]. Dividend History - This marks the 9th cumulative cash distribution since the company's listing, with the following historical dividend details: - 2025.06.30: 0.1 yuan per share, total cash of 0.10 billion yuan, dividend yield of 0.19% [2]. - 2023.12.31: 0.74 yuan per share, total cash of 0.76 billion yuan, dividend yield of 0.90% [2]. - 2022.12.31: 0.85 yuan per share, total cash of 0.69 billion yuan, dividend yield of 0.77% [2]. - 2021.12.31: 1.5 yuan per share, total cash of 1.21 billion yuan, dividend yield of 1.21% [2]. - 2020.12.31: 2.6 yuan per share (including 7 shares bonus), total cash of 1.04 billion yuan, dividend yield of 1.56% [2]. - 2019.12.31: 5.6 yuan per share (including 7 shares bonus), total cash of 1.29 billion yuan, dividend yield of 3.55% [2]. - 2018.12.31: 1.45 yuan per share (including 5 shares bonus), total cash of 0.22 billion yuan, dividend yield of 0.83% [2]. - 2017.12.31: 1.5 yuan per share, total cash of 0.23 billion yuan, dividend yield of 0.28% [2]. - 2016.12.31: 3.36 yuan per share (including 8 shares bonus), total cash of 0.28 billion yuan, dividend yield of 0.29% [2]. Market Activity - The stock experienced a net inflow of 15.64 million yuan from main funds today, with a total net inflow of 9.49 million yuan over the past five days [3]. - The latest margin financing balance for the stock is 227 million yuan, with an increase of 3.92 million yuan over the past five days, representing a growth of 1.76% [3]. Industry Comparison - In the power equipment sector, 18 companies announced their dividend plans for the first half of 2025, with CATL leading at a cash distribution of 4.568 billion yuan [3]. - TianNeng Technology's cash distribution of 10.02 million yuan ranks among the lower end of the spectrum within the industry [4].

Group 1 - The company, TianNeng Heavy Industry, announced plans to conduct foreign exchange hedging activities with a limit of up to 15 million USD or equivalent foreign currency [1] - The hedging activities will include various financial instruments such as forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, and other foreign exchange derivatives [1] - The maximum expected margin and premium for these transactions will not exceed 1.5 million USD, which includes collateral value, anticipated credit limits from financial institutions, and reserved margins for emergency measures [1]