证券研究报告 | 行业周报 2025 年 08 月 20 日 电力设备及新能源 本周电解槽招投标项目持续新增，氢能重卡获小批量订单 行情回顾：截至 2025 年 8 月 15 日，氢能源指数收盘价为 2386.88 点，本 周涨跌幅为 2.75%，2025 年初至今涨跌幅为 34.33%。氢能行业周涨幅前 五的公司为大元泵业、腾龙股份、凯美特气、佛燃能源、川环科技，涨幅 分别为 61.11%、35.05%、34.73%、28.72%、27.58%；氢能行业周跌幅 前五的公司为东华能源、西菱动力、新迅达、山东墨龙、华电辽能，跌幅 分别为-11.49%、-6.65%、-5.75%、-5.59%、-5.48%。 重点事件点评：吉利醇氢商用车现场签单 270 台；华电 195 公里氢气长输 管道工程项目计划 9 月 5 日开工；首钢京唐成功研发出输氢管线钢产品矩 阵；阿曼宣布新的氢能财政激励措施；能源巨头 ACWA 计划在砂拉越开发 千兆瓦规模绿氢项目；沃尔沃集团墨西哥建设氢能重卡生产基地；氢能作 为燃料（能源）可抵税；398 批《道路机动车辆生产企业及产品公告》重 现氢能乘用车；贵州省工业和信息化厅印发《贵州省先进 ...

Overview - Chengdu Xiling Power Technology Co., Ltd. has provided a guarantee for its subsidiary Chengdu Xiling New Energy Technology Co., Ltd. for a loan of RMB 10 million from Chengdu Bank [2][4]. Group 1: Guarantee Details - The guarantee is part of the authorized limit from the 2024 third extraordinary general meeting regarding financing for subsidiaries, thus does not require further approval from the board or shareholders [2]. - The guarantee covers the loan principal, interest, and any related costs, including legal fees and other expenses incurred in enforcing the guarantee [4][5]. - The guarantee period is set for three years from the maturity date of the principal debt, with specific conditions for early termination or extension [5]. Group 2: Subsidiary Information - Chengdu Xiling New Energy Technology Co., Ltd. was established on December 20, 2019, with a registered capital of RMB 10 million and is primarily engaged in the research, manufacturing, and sales of turbochargers and related products [3]. - The company is indirectly 70% owned by Chengdu Xiling Power Technology Co., Ltd. and is not listed as a dishonest executor [3]. Group 3: Financial Status and Risk Assessment - As of the announcement date, the total amount of external guarantees provided by the company is RMB 98.5 million, which accounts for 5.93% of the latest audited net assets, with no overdue guarantees or litigation-related guarantees reported [7]. - The board believes that the financial risks associated with the guarantee are manageable, given the high ownership stake and control over the subsidiary's operations and cash flow [6].

Group 1 - The core revenue composition of Xiling Power for the year 2024 is as follows: automotive engine parts account for 90.11%, aviation parts account for 7.16%, and other components account for 2.73% [1] Group 2 - As of the announcement date, Xiling Power has a total external guarantee amounting to 98.5 million yuan, which represents 5.93% of the company's most recent audited net assets [3] - The company has no overdue guarantees, no guarantees involved in litigation, and has not been ordered to bear losses due to guarantee-related judgments [3]

证券代码：300733 证券简称：西菱动力 公告编号：2025-063 成都西菱动力科技股份有限公司 关于为控股孙公司融资提供担保的公告 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、担保情况概述 成都西菱动力科技股份有限公司（简称"公司"或"保证人"）于近日与成都 银行股份有限公司（简称"成都银行"或"债权人"）签订协议，为控股孙公司成 都西菱新动能科技有限公司（简称"西菱新动能"或"被保证人"）借款人民币 1,000 万元提供保证担保。 该担保属于 2024 年第三次临时股东大会《关于为子公司融资提供担保的议案》 预计担保额度的授权范围，无须提交公司董事会或股东大会审议。 二、被担保人基本情况 1. 被担保人基本信息 名称：成都西菱新动能科技有限公司 成立日期：2019 年 12 月 20 日 住所：四川省成都市大邑县晋原镇大安路 368 号 法定代表人：魏晓林 注册资本：1,000.00 万元人民币 西菱新动能系公司控股孙公司(间接持股比例 70%），不属于失信被执行人。 三、担保事项的主要内容 1. 为保证债权人债权的实现，保证人为债权人与债务人 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：300733证券简称：西菱动力 公告编号：2025-062 成都西菱动力科技股份有限公司 一、会议召开情况 2025年第三次临时股东大会决议公告 1、会议召开时间 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。 （1）现场会议召开时间为：2025年8月13日（星期三）14:30。 特别提示 （2）网络投票时间为：通过深圳证券交易所交易系统进行网络投票的具体时间为2025年8月13日上午 9:15-9:25，9:30至11:30，13:00至15:00；通过深圳证券交易所互联网投票系统投票的具体时间为2025年8 月13日上午9:15至15:00期间的任意时间。 1、本次股东大会未出现否决议案的情况； 2、会议召开地点：成都市青羊区腾飞大道298号公司会议室 2、本次股东大会不涉及变更前次股东大会决议。 3、会议召集人：公司董事会 5、表决方式：本次股东大会采用现场投票和网络投票相结合的方式 二、会议出席情况 本次会议出席会议股东及股东代表220人，代表股份140,487,590股，占公司有表决权股份总 ...

北京德恒律师事务所 关于成都西菱动力科技股份有限公司 2025 年第三次临时股东大会的 法律意见 北京德恒律师事务所 关于成都西菱动力科技股份有限公司 2025 年第三次临时股东大会的 法律意见 德恒 01G 20250611-01 号 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于成都西菱动力科技股份有限公司 2025年第三次临时股东大会的法律意见 致：成都西菱动力科技股份有限公司 成都西菱动力科技股份有限公司（以下简称"公司"）2025 年第三次临时 股东大会（以下简称"本次会议"）于 2025 年 8 月 13 日（星期三）召开。北京 德恒律师事务所（以下简称"德恒"）受公司委托，指派杨兴辉律师、黄丽萍律 师（以下简称"德恒律师"）出席了本次会议，并根据《中华人民共和国证券法》 （以下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司 法》"）、中国证券监督管理委员会《上市公司股东会规则》（以下简称"《股 东会规则》"）、《成都西菱动力科技股份有限公司章程》（以下简称"《公 ...

证券代码：300733 证券简称：西菱动力 公告编号：2025-062 成都西菱动力科技股份有限公司 2025 年第三次临时股东大会决议公告 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。 特别提示 1、 本次股东大会未出现否决议案的情况； 2、 本次股东大会不涉及变更前次股东大会决议。 一、会议召开情况 1、 会议召开时间 （1）现场会议召开时间为：2025 年 8 月 13 日（星期三）14:30。 （2）网络投票时间为：通过深圳证券交易所交易系统进行网络投票的具体时间 为 2025 年 8 月 13 日上午 9:15-9:25，9:30 至 11:30，13:00 至 15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为 2025 年 8 月 13 日上午 9:15 至 15:00 期间的 任意时间。 2、 会议召开地点：成都市青羊区腾飞大道 298 号公司会议室 3、 会议召集人：公司董事会 4、 会议主持人：公司董事长魏晓林先生 5、 表决方式：本次股东大会采用现场投票和网络投票相结合的方式 二、会议出席情况 本次会议出席会议股东及股东代表 ...

New Stock Issuance - Hongyuan Co., Ltd. (stock code: 920018) issued shares at a price of 9.17 on August 11, 2025[1] - China Shipbuilding Industry Corporation (stock code: 600150) has a cash acquisition request period from August 13 to August 15, 2025[1] - ST Kelly (stock code: 300326) has a tender offer period from July 17 to August 15, 2025[1] Rights and Announcements - China Heavy Industry (stock code: 601989) has a cash option declaration period starting August 13, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] - North Long Dragon (stock code: 301357) has an announcement link for further details[1] Market Volatility - Several stocks, including ST Xifa (stock code: 000752) and ST Aowei (stock code: 002231), are under observation for significant price fluctuations[1] - The report highlights abnormal fluctuations in stocks such as ST Songfa (stock code: 603268) and ST Yancheng (stock code: 603063)[2]

New Stock Listings - Tianfu Long (603406) issued at a price of 23.60[1] - Youli Intelligent (920007) issued at a price of 23.99[1] Rights Issues and Announcements - China Heavy Industry (601989) cash option declaration period from August 13, 2025[1] - China Shipbuilding (600150) acquisition request period from August 13 to August 15, 2025[1] - Shenkai Co., Ltd. (002633) offer declaration period from July 29 to August 27, 2025[1] - ST Kelly (300326) offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) offer period from August 12 to September 10, 2025[1] Abnormal Fluctuations - Multiple stocks reported abnormal fluctuations, including *ST Yushun (002289) and Changcheng Military Industry (601606)[2][3] - Notable fluctuations also reported for companies like Li De Man (300289) and Dongjie Intelligent (300486)[3]

Group 1 - Niuwei Co., Ltd. reported a net profit of 637 million yuan for the first half of 2025, representing a year-on-year increase of 30.47% [1] - The company achieved a total operating revenue of 3.404 billion yuan, up 19.96% year-on-year [1] - Niuwei specializes in the research, manufacturing, and sales of industrial valves [2] Group 2 - Shandong Haohua plans to acquire a 29% stake in Zhongyan Alkali Industry with a total investment of 2.32 billion yuan [2] - The company is involved in the production of soda ash and caustic soda [3] Group 3 - Dongfang Co., Ltd. announced a partnership with Dongfang Import and Export Company to develop overseas marketing business [38] - The company focuses on the research, production, and sales of light commercial vehicles and powertrains [38] Group 4 - Xinyuan Technology reported a net profit of 52.6 million yuan for the first half of 2025, a year-on-year increase of 10.70% [12] - The company achieved an operating revenue of 2.871 billion yuan, up 3.86% year-on-year [12] - Xinyuan provides one-stop custom development and production services for pharmaceutical companies and research institutions [12] Group 5 - Zhuhai Piano announced that its subsidiary won the operating rights project for the Baihuazhai scenic area, with an investment of no less than 400 million yuan over 20 years [21] - The company specializes in the research, manufacturing, and sales of pianos and digital musical instruments [21] Group 6 - Zhenghong Technology reported a sales revenue of 26.02 million yuan from pig sales in July, a year-on-year increase of 288.69% [16] - The company sold 63,000 pigs in total from January to July 2025, with a cumulative sales revenue of 109 million yuan, representing a year-on-year increase of 38.06% [16] - Zhenghong focuses on feed products and pig farming [17] Group 7 - ST Nuotai received the cGMP certification from Brazil's National Health Surveillance Agency for its production facility [15] - The company specializes in the research and development of peptide drugs and small molecule pharmaceuticals [15] Group 8 - Guizhou Moutai has repurchased a total of 3.4517 million shares, accounting for 0.2748% of its total share capital, with a total expenditure of 5.301 billion yuan [48][49] - The company is engaged in the production and sales of Moutai liquor and related products [49]