证券代码：300772 证券简称：运达股份 公告编号：2025-087 2025 年 1-9 月，公司（含合并报表范围内各级子公司，下同）对应收账款、 合同资产、其他应收款、存货、长期应收款、一年内到期其他非流动资产、其他 非流动资产计提信用减值准备及资产减值准备的总金额为 17,751.46 万元。具体 如下： 单位：万元 | 项目 | 年初账面 | 本期增加 | | 本期减少 | | | 期末账面 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 余额 | 计提 | 其他 | 转回或转销 | 核销 | 其他 | 余额 | | 信用减值准备 | 57,186.50 | 14,326.94 | | | | | 71,513.44 | | 其中：应收账款 | 56,508.60 | 14,420.05 | | | | | 70,928.65 | | 一年内到期的非流动资产 | 107.66 | -91.94 | | | | | 15.72 | | 长期应收款 | 144.95 | -15.39 | | 129.56 | | --- | --- | - ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥7,591,659,798.65, an increase of 43.22% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 9.64% to ¥107,816,909.72 in Q3 2025[5] - The basic earnings per share for Q3 2025 was ¥0.1370, down 19.88% compared to the previous year[5] - Net profit for the current period was ¥251,863,052.50, a decrease of 5.6% compared to ¥266,848,476.98 in the previous period[23] - Basic and diluted earnings per share decreased to ¥0.3203 from ¥0.3823, reflecting a decline of 16.2%[23] Cash Flow and Financial Activities - The company reported a net cash flow from operating activities of ¥39,883,740.00, a significant increase of 105.49% year-to-date[5] - Net cash flow from operating activities improved significantly to ¥39,883,740.75 from a negative ¥726,224,588.71, marking a 105.49% increase due to higher sales collections[10] - The net cash flow from investing activities was negative at -¥2,254,674,598.40, a 41.94% increase in outflows compared to -¥1,588,473,467.45 in the previous period, attributed to increased investment expenditures[10] - The company received cash from financing activities amounting to ¥718,125,804.32, a significant increase from ¥87,253,000.00 in the previous period, indicating strong investor confidence[24] - Cash inflow from financing activities totaled $3,346,799,479.27, a decrease of 14.1% compared to $3,896,498,885.84 in the previous period[25] - Cash outflow from financing activities amounted to $1,515,876,227.95, down from $2,068,957,987.91, reflecting a reduction of 26.7%[25] - Net cash flow from financing activities was $1,830,923,251.32, slightly up from $1,827,540,897.93, indicating a stable performance[25] - The net increase in cash and cash equivalents was -$379,899,041.32, compared to -$487,065,889.46 in the previous period, showing an improvement[25] - The ending balance of cash and cash equivalents was $6,391,544,295.80, up from $4,208,144,281.30, representing a significant increase of 51.9%[25] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥48,896,927,687.92, reflecting a growth of 26.45% from the beginning of the year[8] - Total liabilities rose to ¥42,141,866,646.95 from ¥32,863,833,606.67, reflecting an increase of approximately 28.3%[19] - The company's equity attributable to shareholders increased to ¥6,605,287,037.84 from ¥5,677,233,805.78, showing a growth of about 16.3%[20] - Long-term borrowings increased to ¥3,206,743,598.92 from ¥1,876,616,950.09, representing a rise of approximately 70.7%[19] Inventory and Receivables - Accounts receivable financing increased by 138.81% to ¥942,921,065.33, primarily due to an increase in bank acceptance bills received from customers[8] - Inventory rose by 62.54% to ¥9,747,516,874.73, attributed to increased raw material purchases[8] - Accounts receivable increased to ¥10,955,559,751.91 from ¥8,737,952,713.86, representing a growth of about 25.5%[18] - Inventory rose significantly to ¥9,747,516,874.73 from ¥5,997,026,937.70, marking an increase of approximately 62.0%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 33,414, with no preferred shareholders having restored voting rights[12] - Zhejiang Electromechanical Group Co., Ltd. holds 46.51% of the shares, amounting to 365,958,150 shares, making it the largest shareholder[12] - The company has a total of 280,800,000 shares that are subject to a lock-up period of 18 months following a specific stock issuance[13] - The company has a total of 85,158,150 shares to be released from lock-up on March 6, 2028, due to a private placement[16] Other Financial Metrics - The company recorded a total of ¥13,489,030.32 in non-recurring gains and losses for the current reporting period[6] - Operating revenue for the current period reached ¥18,485,995,275.25, an increase of 32.72% compared to the previous period's ¥13,928,638,308.10, primarily due to sales growth[10] - Operating costs increased by 34.37% to ¥16,806,633,984.99 from ¥12,507,310,933.53, driven by the growth in sales volume[10] - Research and development expenses increased to ¥483,494,375.65, up 24.6% from ¥387,994,650.16, indicating a focus on innovation[22] - Total investment cash outflow was ¥2,311,135,885.38, down 48.0% from ¥4,452,644,439.60 in the prior period, reflecting a strategic reduction in capital expenditures[24] - The company reported a substantial increase in asset disposal gains, rising 1947.23% to ¥176,662.02 from ¥8,629.34[10] - Income tax expenses surged by 121.75% to ¥42,441,900.81 from ¥19,139,856.48, primarily due to an increase in deferred tax expenses[10] - Other comprehensive income after tax was reported at -¥44,932.59, compared to -¥4,385.59 in the previous period, indicating a decline in this area[23] Audit and Reporting - The company did not audit its third-quarter financial report, which may affect the reliability of the reported figures[26]

证券代码：300772 证券简称：运达股份 公告编号：2025-085 运达能源科技集团股份有限公司 第五届董事会第三十五次会议决议公告 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。 （二）《关于选举审计委员会成员及推选召集人的议案》； 同意选举冯晓女士、陈棋先生、郭斌先生为公司第五届董事会审计委员会成员，其 中冯晓女士为审计委员会召集人且为会计专业人士，任期自本次董事会审议通过之日起 至第五届董事会任期届满之日止。本次选举后，公司审计委员会成员未发生变更。 表决情况：同意 6 票，反对 0 票，弃权 0 票。 一、董事会会议召开情况 运达能源科技集团股份有限公司（以下简称"公司"）第五届董事会第三十五次会 议于 2025 年 10 月 28 日以现场结合在线方式召开，会议通知及会议资料于 2025 年 10 月 22 日以传真、电子邮件或专人送达等方式送达各位董事。公司全体董事参加了会议， 会议由董事长陈棋先生主持。本次会议召开和表决符合《公司法》和《公司章程》的规 定。 二、董事会会议审议情况 与会董事审议并一致通过了以下议案： （一）《关于选举代表公司 ...

Core Insights - The stock price of Yunda Co., Ltd. has decreased by 2.03% to 17.87 CNY per share as of October 28, with a total market capitalization of 14.061 billion CNY [1] - Year-to-date, the stock has increased by 35.58%, with a recent 5-day increase of 2.23% and a 20-day decrease of 1.33% [2] Financial Performance - For the first half of 2025, Yunda Co., Ltd. reported a revenue of 10.894 billion CNY, representing a year-on-year growth of 26.27%, while the net profit attributable to shareholders was 144 million CNY, a decrease of 2.62% [2] - Cumulative cash dividends since the A-share listing amount to 281 million CNY, with 153 million CNY distributed over the past three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 12.53% to 38,400, while the average circulating shares per person decreased by 10.80% to 18,153 shares [2] - The second-largest shareholder, Hong Kong Central Clearing Limited, reduced its holdings by 5.5642 million shares to 10.8234 million shares [3]

证券代码：300772 证券简称：运达股份 公告编号：2025-084 运达能源科技集团股份有限公司 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。 特别提示 一、会议召开和出席情况 1、 召开时间：2025 年 10 月 27 日（星期一）11:00 （一）股东出席的总体情况 参加本次股东大会现场会议和网络投票表决的股东及股东代理人共 253 人， 代表有表决权的公司股份数合计为 385,731,886 股，占公司有表决权股份总数 786,847,705 股的 49.0224%。 参加本次会议的中小股东及股东代理人共 250 人，代表有表决权的公司股份 数合计为 18,807,736 股，占公司有表决权股份总数 786,847,705 股的 2.3903%。 （二）股东现场出席情况 1、 本次股东大会不存在否决议案的情形。 2、 本次股东大会不涉及变更以往股东大会已通过的决议。 出席本次股东大会现场会议的股东及股东代理人共 6 人，代表有表决权的公 司股份数合计为 367,174,950 股，占公司有表决权股份总数 7 ...

法律意见书 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于运达能源科技集团股份有限公司 2025 年第三次临时股东大会的 锦 天 域 律师事务 所 ALLBRIGHT LAW OFFICES 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话: 021-20511000 传真:021-20511999 邮编: 200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于运达能源科技集团股份有限公司 2025 年第三次临时股东大会的 法律意见书 致：运达能源科技集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受运达能源科技集团股份 有限公司（以下简称"公司"或"运达股份"）委托，就公司召开 2025 年第三 次临时股东大会（以下简称"本次股东大会"）的有关事宜，根据《中华人民共 和国公司法》（以下简称《公司法》）、《上市公司股东会规则》等法律、法规、 规章和其他规范性文件以及《运达能源科技集团股份有限公司章程》（以下简称 《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 ...

Core Viewpoint - The wind power equipment industry is experiencing a turning point in profitability, driven by strong domestic and international demand, with significant growth expected in both onshore and offshore wind installations from 2025 to 2030 [2][4]. Group 1: Domestic Market Dynamics - Domestic wind power demand remains stable, supported by the "dual carbon" goals and the plan to reach 3.6 billion kilowatts of wind and solar installations by 2035 [2]. - The bidding volume for complete wind turbine units in the first three quarters of 2025 increased by 5% year-on-year, indicating a solid foundation for future installations [2]. - The average bidding price for onshore wind turbines, including towers, increased by 13% in the first eight months of 2025 compared to 2024, signaling a recovery in pricing and profitability for domestic manufacturers [2][3]. Group 2: International Market Opportunities - The Global Wind Energy Association forecasts that from 2025 to 2030, the total new installed capacity for onshore wind outside of China will reach 367 GW, with a compound annual growth rate (CAGR) of 12.4%, while offshore wind is expected to grow at a CAGR of 15.8% [4]. - Domestic wind turbine manufacturers are accelerating their international expansion, investing in factories in Brazil, Europe, and Central Asia, transitioning from mere product exports to localized operations [4]. - In the first three quarters of 2025, domestic manufacturers secured a record 19.28 GW in overseas orders, reflecting a year-on-year increase of 187.8%, with higher order prices and better profitability [4][6]. Group 3: Future Outlook - The wind power sector is expected to maintain high installation levels domestically, with a recovery in bidding prices leading to improved profitability for wind turbine manufacturers as orders from the price recovery phase are delivered starting in Q4 2025 [3][6]. - The combination of stable domestic demand and rising international orders is anticipated to drive significant growth in profitability for domestic wind turbine companies, with a focus on key players such as Goldwind Technology, Yunda Co., Mingyang Smart Energy, and SANY Heavy Energy [6].

Core Viewpoint - The article emphasizes the importance of accelerating wind power investment globally to promote sustainable development, highlighting China's ambitious renewable energy targets and the need for innovation and collaboration in the wind energy sector [1][2]. Group 1: China's Renewable Energy Goals - China aims to achieve a total installed capacity of 3.6 billion kilowatts for wind and solar power by 2035, with current cumulative installed capacity exceeding 1.7 billion kilowatts as of August 2025, including 580 million kilowatts for wind and 1.12 billion kilowatts for solar [2]. - Clean energy now accounts for over 50% of the total installed capacity, with its generation share surpassing 25%, indicating a significant transition in China's energy structure [2]. - The next decade is critical for achieving these targets, with expectations for wind and solar capacity to double, potentially exceeding 65% of the total installed capacity [2]. Group 2: Challenges and Innovations in Renewable Energy - The renewable energy sector faces regional structural challenges, such as increased curtailment rates in some western regions and near-saturation in southeastern coastal areas [2]. - There is a need for accelerated research and development of grid-connection technologies and innovative business models like "green electricity direct connection" to effectively address consumption bottlenecks [2]. - The industry should explore direct energy supply collaborations with high-energy-consuming enterprises and emerging loads like intelligent computing centers to expand the application scenarios for green electricity [2]. Group 3: Global Collaboration and Innovation - The international wind power market is diversifying, with high electricity prices and long cycles in Europe and the U.S., while projects utilizing Chinese technology, such as those in Saudi Arabia, demonstrate superior Levelized Cost of Energy (LCOE) and efficiency [3]. - To seize global energy transition opportunities, the Chinese wind power industry should focus on three areas for deepening global collaboration: promoting technological integration and innovation, facilitating international standard recognition, and establishing collaborative development mechanisms [3]. - China accounts for 45.8% of the global wind power installed capacity, with leading wind turbine manufacturers dominating the top four positions globally and a domestic core component localization rate exceeding 85% [4]. Group 4: Future Directions - The Chinese wind power sector is transitioning from technology output to standard and model output, providing system solutions to address electricity shortages in regions like Southeast Asia while promoting standard recognition with European and American markets [4]. - The company aims to continue its commitment to integrating wind power with green energy, leveraging leading technologies and open cooperation to drive global energy transition and contribute to climate change mitigation [4].

Core Viewpoint - The article highlights the advancements and innovations in the wind energy sector showcased at the Beijing International Wind Energy Conference and Exhibition (CWP2025), emphasizing China's leading position in wind power technology globally. Group 1: Turbine Innovations - Goldwind Technology introduced a trading-type wind turbine that shifts from a passive to an active generation model, potentially increasing project returns by 2% to 2.5% over its lifecycle [3] - Mingyang Smart Energy launched the world's first 50MW wind turbine, significantly increasing the maximum capacity of wind turbines and designed for deep-sea applications [7] - SANY Heavy Energy presented the SI-242 series wind turbine, capable of operating efficiently across a wide range of wind speeds, with a rotor diameter of 242 meters [8] - Envision Energy unveiled the first AI-integrated wind-storage unit, merging wind turbines, storage, and AI to enhance operational efficiency [5] Group 2: Component Innovations - Luozhou showcased the world's first 16MW offshore wind turbine main bearing, designed for large-scale wind turbine stability [23] - Pangu Intelligent launched a hydraulic motor yaw system that improves reliability and lifespan compared to traditional systems [25] - TBEA New Energy introduced the upgraded TSVG6.0 product, enhancing reliability and operational efficiency through advanced design and technology [27] Group 3: Comprehensive Solutions - China CRRC presented a comprehensive energy solution integrating wind, solar, hydrogen, and AI technologies, aimed at achieving sustainable development goals [11] - Shanghai Electric highlighted its integrated projects, including green hydrogen production and floating wind-fish integration, showcasing its capabilities in the renewable energy sector [13] - XBL Wind Power signed a strategic partnership with Multi Engineering Group to develop a dual-head floating wind power solution, focusing on cost efficiency and system performance [19]

证券代码：300772 证券简称：运达股份 公告编号：2025-083 运达能源科技集团股份有限公司 关于召开 2025 年第三次临时股东大会的通知 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。 经运达能源科技集团股份有限公司（以下简称"公司"）第五届董事会第三 十四次会议审议通过，公司决定于 2025 年 10 月 27 日召开 2025 年第三次临时股 东大会。本次股东大会采取现场投票与网络投票相结合的方式，为了便于各位股 东行使股东大会表决权，保护广大投资者合法权益，现再次将有关事项公告如下： 一、召开会议的基本情况： 1.股东大会届次：2025 年第三次临时股东大会 2.股东大会的召集人：公司董事会 3.会议召开的合法、合规性：公司第五届董事会第三十四次会议审议通过了 《关于召开 2025 年第三次临时股东大会的议案》，召开程序符合有关法律、行 政法规、规范性文件和《公司章程》的规定。 4.会议召开的日期、时间： （1）现场会议时间：2025 年 10 月 27 日（星期一）上午 11:00 开始。 （2）网络投票日期和时间：通过深圳证券交易所交易系 ...