Group 1 - The core point of the article is that Wansheng Intelligent (SZ 300882) announced the completion of a share reduction plan by its major shareholder, Wansheng Zhihe, as of August 27, 2025 [1] - Wansheng Intelligent's revenue composition for the year 2024 is entirely from the instrument manufacturing industry, accounting for 100.0% [1] - As of the report date, Wansheng Intelligent has a market capitalization of 5.5 billion yuan [1]

证券代码：300882 证券简称：万胜智能 公告编号：2025-042 浙江万胜智能科技股份有限公司 关于持股 5%以上股东股份减持计划实施完成的公告 | 天台县万胜智和投资 | 集中竞价 | 本次减持计划实 | 16.69 | 2,862,000 | 1.00% | | --- | --- | --- | --- | --- | --- | | 合伙企业（有限合伙） | | 施期限内 | | | | 3、股东本次减持前后持股情况 | 股东名称 | 股份性质 | | 本次减持前持有股份 | | 本次减持后持有股份 | | --- | --- | --- | --- | --- | --- | | | | 股数（股） | 占总股本比例（%） | 股数（股） | 占总股本比例（%） | | 天台县万胜 | 合计持有股份 | 20,690,780 | 7.23% | 17,828,780 | 6.23% | | 智和投资合 伙企业（有限 | 其中：无限售条件股份 | 20,690,780 | 7.23% | 17,828,780 | 6.23% | | 合伙） | 有限售条件股份 | 0 | 0.00% | 0 | ...

Core Viewpoint - The major shareholder, Tiantai Wansheng Zhihe Investment Partnership (Limited Partnership), has reduced its stake in Wansheng Intelligent by selling 2.862 million shares at an average price of 16.69 yuan per share, representing 1.00% of the total share capital [1] Summary by Category Shareholder Activity - The reduction in shares occurred within the planned timeframe, with the major shareholder now holding 17.8288 million shares, which is 6.23% of the total shares, down from 20.6908 million shares or 7.23% previously [1]

关于投资设立控股子公司并完成工商登记的公告 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。 一、对外投资概述 1. 为满足公司战略规划及未来业务发展的需要，提高公司综合竞争能力， 浙江万胜智能科技股份有限公司（以下简称"公司"）与上海辰坤钧安企业管理 合伙企业（有限合伙）（以下简称"上海辰坤钧安"）共同出资设立上海万胜新能 源有限公司。上海万胜新能源有限公司注册资本为人民币 2000 万元，其中万胜 智能以自有资金认缴出资额 1500 万元，持股比例为 75%。本次投资后，上海万 胜新能源有限公司成为公司控股子公司，纳入公司合并财务报表范围。 2. 根据《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》等有关法律法规及《公司章 程》等相关规定要求，本次对外投资在公司管理层审批权限范围内，无需提交董 事会及股东大会审议。 证券代码：300882 证券简称：万胜智能 公告编号：2025-041 浙江万胜智能科技股份有限公司 住所：上海市宝山区沪太路 2388 号 201 室 A 区 经营范围：一般项目： ...

Group 1 - Shanghai Wansheng New Energy Co., Ltd. has been established with a registered capital of 20 million yuan, focusing on solar power technology services, research and development of intelligent robots, and integrated circuit chip design and services [1][2] - The company is co-owned by Wansheng Intelligent (300882) and other stakeholders [1][2] - The business scope includes energy management contracts, electronic product sales, automotive parts wholesale, and various technology services and developments [2] Group 2 - The company is registered in Baoshan District, Shanghai, and has a business duration without a fixed term [2] - The legal representative of the company is Zhi Bao, and it is currently in a state of existence [2] - The registered address is located at No. 155, Feihu Road, Baoshan District, Shanghai [2]

Group 1 - Shanghai Wansheng New Energy Co., Ltd. has been established with a registered capital of 20 million yuan [1] - The company's business scope includes solar power generation technology services, research and development of intelligent robots, and integrated circuit chip design and services [1] - The company is jointly held by Wansheng Intelligent and other stakeholders [1]

Core Insights - Wan Sheng Intelligent (300882) reported a total revenue of 567 million yuan for the first half of 2025, representing a year-on-year increase of 16.35% [1] - The net profit attributable to shareholders reached 97.05 million yuan, up 12.96% year-on-year [1] - The company experienced a significant increase in accounts receivable, which rose by 61.4% compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 was 567 million yuan, compared to 487 million yuan in the same period of 2024, marking a 16.35% increase [1] - Net profit attributable to shareholders was 97.05 million yuan, up from 85.92 million yuan in 2024, a growth of 12.96% [1] - Gross margin improved to 36.21%, an increase of 6.18% year-on-year, while net margin decreased slightly to 17.12%, down 2.91% [1] Cash Flow and Working Capital - Cash and cash equivalents decreased by 37.35% to 371 million yuan, attributed to increased payments for inventory related to current orders [3] - Accounts receivable increased significantly by 61.4% to 501 million yuan, indicating a rise in credit sales [1][3] - Operating cash flow per share was -0.62 yuan, a drastic decline of 467.18% year-on-year, reflecting increased cash outflows for inventory purchases [1][4] Expense Analysis - Total selling, general, and administrative expenses amounted to 60.07 million yuan, accounting for 10.6% of revenue, which is a 21.38% increase from the previous year [1] - Management expenses rose by 31.79%, primarily due to increased employee compensation [3] - Financial expenses surged by 85.22%, mainly due to a decrease in bank deposit interest [3] Investment Metrics - The company's return on invested capital (ROIC) was reported at 8.99%, indicating average capital returns [4] - Historical data shows a median ROIC of 13.66% since the company went public, with the lowest recorded ROIC at 6.94% in 2021 [4] - The company’s net profit margin was 12.69%, suggesting a high value-added in its products or services [4]

Core Insights - Wan Sheng Intelligent (300882.SZ) reported a total operating revenue of 567 million yuan for the first half of 2025, marking an increase of 79.68 million yuan compared to the same period last year, representing a year-on-year growth of 16.35% [1] - The net profit attributable to shareholders reached 97.05 million yuan, an increase of 11.14 million yuan from the previous year, with a year-on-year growth of 12.96% [1] - The company experienced a net cash outflow from operating activities of 176 million yuan [1] Financial Performance - The latest asset-liability ratio stands at 32.13%, ranking 22nd among disclosed peers [3] - The gross profit margin is 36.21%, ranking 13th among peers, with an increase of 1.75 percentage points from the same period last year [3] - Return on equity (ROE) is 7.81%, ranking 11th among peers, with a year-on-year increase of 0.19 percentage points [3] - The diluted earnings per share (EPS) is 0.34 yuan, ranking 21st among peers, reflecting a year-on-year increase of 0.04 yuan or 13.33% [3] - The total asset turnover ratio is 0.33 times, ranking 32nd among peers, with a year-on-year increase of 0.02 times or 7.00% [3] - The inventory turnover ratio is 2.66 times, ranking 19th among peers [3] Shareholder Structure - The number of shareholders is 16,000, with the top ten shareholders holding 206 million shares, accounting for 71.99% of the total share capital [3] - The largest shareholder is Zhejiang Wan Sheng Holdings Co., Ltd., holding 53.31% of the shares [3]

Core Viewpoint - Wan Sheng Intelligent (300882.SZ) reported its 2025 semi-annual results, highlighting significant institutional ownership and changes in shareholding dynamics [1] Institutional Ownership - As of August 25, 2025, four institutional investors disclosed holdings in Wan Sheng Intelligent A-shares, totaling 173 million shares, which represents 60.54% of the company's total equity [1] - The institutional investors include Zhejiang Wan Sheng Holdings Co., Ltd., Tiantai County Wan Sheng Zhihe Investment Partnership (Limited Partnership), Nanjing Lianchuang Equity Investment Partnership (Limited Partnership), and Changcheng Growth Enterprise Board Index Enhanced Initiation A [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 2.54 percentage points [1] Public Fund and Foreign Investment - During this period, one new public fund was disclosed, namely Changcheng Growth Enterprise Board Index Enhanced Initiation A [1] - There were no new disclosures from foreign institutions, with Hong Kong Central Clearing Limited not reporting any changes compared to the previous quarter [1]

Core Viewpoint - Zhejiang Wansheng Intelligent Technology Co., Ltd. held its fourth board meeting, where several important resolutions were passed, including the approval of the 2025 semi-annual report and the use of idle funds for cash management [1][2][3] Group 1: Meeting Details - The board meeting was held on August 23, 2025, with all 8 participating directors present, and the meeting complied with legal regulations and company bylaws [1] - The resolutions passed during the meeting are considered legally valid and significant for the company's operations and financial management [1][3] Group 2: Resolutions Passed - The board approved the 2025 semi-annual report, which accurately reflects the company's operational status without any false statements or omissions, with a unanimous vote of 8 in favor [2] - The board also approved a proposal to use up to RMB 580 million of idle funds for cash management, allowing for the purchase of high-security, liquid financial products, with the same unanimous voting outcome [2]