证券代码：301079 证券简称：邵阳液压 公告编号：2025-065 邵阳维克液压股份有限公司 第六届董事会第七次会议决议公告 一、董事会会议召开情况 邵阳维克液压股份有限公司（以下简称"公司"或"上市公司"）第六届董 事会第七次会议于 2025 年 12 月 8 日（星期一）上午 10:00 在公司会议室以现场 结合通讯的方式召开。本次会议的通知已于 2025 年 12 月 5 日通过微信、电话或 电子邮件方式送达全体董事。会议由董事长粟武洪先生召集并主持，应出席董事 5 人，实际出席董事 5 人。公司高级管理人员列席会议。 本次会议的召集、召开符合《中华人民共和国公司法》（以下简称"《公司 法》"）等法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定， 会议合法、有效。 二、董事会会议审议情况 会议经与会董事认真审议，并以书面表决方式通过以下议案： （一）审议通过《关于公司符合发行股份及支付现金购买资产并募集配套 资金暨关联交易条件的议案》 公司拟发行股份及支付现金购买重庆新承航锐科技股份有限公司（以下简称 "新承航锐"或"标的公司"）100%的股份（以下简称"标的资产"）并募集 配套资金暨关 ...

Core Viewpoint - The hydraulic industry in China is experiencing a shift towards increased domestic production and technological advancements, with key players focusing on expanding their market presence both domestically and internationally [2][4][7]. Group 1: Company Business Layout - The hydraulic industry companies primarily focus on the domestic market, with companies like Jilun Intelligent and Fenglong Co., Ltd. having higher foreign sales ratios of 56.33% and 38.97% respectively [2][3]. - Companies such as Hengli Hydraulic, Aidi Precision, and Shaoyang Hydraulic have over 80% of their revenue coming from hydraulic-related products [2]. Group 2: Business Planning - Hengli Hydraulic plans to deepen its global layout, focusing on Southeast Asia and Europe, and aims to innovate in electric cylinders and hydraulic integration products [6]. - Aidi Precision is set to enhance strategic cooperation with main engine manufacturers and scale up production of core components like hydraulic motors and pumps [6]. - AVIC Heavy Machinery aims to leverage its aviation technology to expand hydraulic applications in high-end industrial markets [6]. - Fenglong Co., Ltd. plans to improve production capacity and quality through automation and lean management [6]. Group 3: Import and Export Overview - China's hydraulic trade deficit has been decreasing from 2019 to 2024, with a trade surplus of $2.93 million in 2024, attributed to advancements by leading companies like Hengli Hydraulic and Aidi Precision [7]. - The export value of China's hydraulic products has shown an upward trend, reaching a record high of $2.182 billion in 2024, with a year-on-year growth of 9.4% [9].

Core Insights - The company has a core advantage in the hydraulic sector for water conservancy and hydropower, leveraging advanced processing capabilities of oversized piston rods and cylinders, along with GTV ceramic coating technology to meet the stringent requirements of large-scale hydraulic gates in harsh environments [1] Group 1: Technical Advantages - The company’s technology is specifically adapted to the water conservancy and hydropower scenarios, providing high corrosion resistance and durability that exceed industry standards [1] - Full automation control enables high-precision synchronous operation of hydraulic cylinders, significantly reducing operational failures and maintenance costs [1] Group 2: Project Experience - The company has accumulated extensive experience in extreme working conditions by undertaking key national and provincial projects, including the South-to-North Water Diversion and the Datengxia Water Conservancy Project [1] Group 3: Industry Credentials - In April 2025, the company received the Ministry of Water Resources' certification for hydraulic gates, covering oversized hydraulic gates and establishing a core qualification threshold in the industry [1]

Core Viewpoint - Shaoyang Hydraulic has experienced a continuous decline in the number of shareholders, indicating a trend of concentrated holdings despite a recent slight increase in stock price [2] Shareholder Data - As of November 30, the number of shareholders for Shaoyang Hydraulic was 16,478, a decrease of 280 from the previous period (November 20), representing a month-on-month decline of 1.67% [2] - This marks the fifth consecutive period of decline in shareholder numbers, with a cumulative decrease of 12.20%, suggesting a trend towards concentrated holdings [2] Stock Performance - The closing price of Shaoyang Hydraulic was 24.49 yuan, reflecting an increase of 0.70%. However, since the concentration of holdings began, the stock price has cumulatively decreased by 11.62% [2] - Over the specific trading days, the stock has seen 18 days of increases and 18 days of decreases [2] Margin Trading Data - As of November 28, the latest margin trading balance for the stock was 0.94 billion yuan, with the financing balance also at 0.94 billion yuan [2] - The continuous decline in the number of shareholders has resulted in a total reduction of 0.14 billion yuan in financing balance, equating to a decline of 12.91% [2]

截至本公告披露日，除重组预案中披露的有关风险因素外，公司尚未发 现可能导致公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作 出实质性变更的相关事项，本次交易相关工作正在有序推进中。公司将根据相关 事项的进展情况及时履行信息披露义务。 一、本次交易概述 证券代码：301079 证券简称：邵阳液压 公告编号：2025-061 邵阳维克液压股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 暨关联交易事项的进展公告 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。 重要风险提示： 邵阳维克液压股份有限公司（以下简称"公司"）于2025年7月4日披露 了《邵阳维克液压股份有限公司发行股份及支付现金购买资产并募集配套资金暨 关联交易预案》（以下简称"重组预案"）及其摘要，并对本次交易涉及的有关 风险因素及尚需履行的审批程序进行了详细说明，提请广大投资者关注后续进展 公告并注意投资风险。 公司拟发行股份及支付现金向凌俊、邓红新等38名股东购买重庆新承航锐科 技股份有限公司（以下简称"新承航锐"）100%股份并募集配套资金（以下简称 "本次交易"）。根据初 ...

Core Insights - The Chinese hydraulic industry is experiencing a growth trend in revenue, with an average revenue of 2.677 billion in 2024, and a notable growth rate of 22.3% in 2021, stabilizing around 5% in recent years [1][3] Revenue Changes - From 2019 to 2024, the average revenue of listed companies in the Chinese hydraulic industry is projected to grow, reaching 2.677 billion in 2024 [1] - The industry saw a significant growth rate of 22.3% in 2021, with more recent growth rates stabilizing around 5% [1] Profitability - The average sales gross margin for the hydraulic industry is on a downward trend, decreasing from 32.3% in 2020 to 25.4% in 2024, with a slight recovery to 25.7% in the first half of 2025 [3] - Challenges such as intensified market competition and fluctuations in raw material prices are contributing to the pressure on cost control, impacting gross margins [3] - The advancement of domestic high-end hydraulic product replacements is helping some companies enhance their technical advantages and product value, providing support for margin stabilization [3] Inventory Turnover - The average inventory turnover rate for the hydraulic industry showed a gradual decline from 3.39 times in 2020 to 3.00 times in 2022, stabilizing at 3.00 times in 2023, with a slight recovery to 3.13 times in 2024 [4] - A significant drop to 1.47 times is expected in the first half of 2025, indicating potential challenges in inventory management [4] Accounts Receivable Turnover - The average accounts receivable turnover rate increased slightly from 4.97 times in 2020 to 5.07 times in 2021, but then declined to 4.14 times in 2022 and further to 3.69 times in 2023, with a projected decrease to 3.41 times in 2024 [8] - This trend reflects initial success in market expansion and accounts receivable management, but increased competition may lead to relaxed credit policies and slower collection speeds [8] Debt Management - The average asset-liability ratio for the hydraulic industry has been on a downward trend, decreasing from 39.9% in 2020 to 37.5% in 2023, with a slight increase to 37.8% in 2024, and a return to 37.3% in the first half of 2025 [10] - This trend indicates ongoing efforts to optimize capital structure and reduce debt levels, despite temporary increases due to business expansion and financing needs [10]

格隆汇12月1日丨邵阳液压(301079.SZ)在投资者互动平台表示，公司已中标岷江东风岩航电枢纽工程。 ...

Group 1 - The company, Shaoyang Hydraulic (301079.SZ), currently has no orders in the wind power sector [1]

Group 1 - The company, Shaoyang Hydraulic (301079.SZ), is currently involved in pumped storage power station projects [1]

Core Insights - The engineering machinery sector experienced a 1.9% increase on November 26, with Liugong leading the gains [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Engineering Machinery Sector Performance - Liugong (000528) closed at 12.04, up 6.74% with a trading volume of 1.2395 million shares [1] - Huadong Heavy Machinery (002685) closed at 8.29, up 6.15% with a trading volume of 1.2092 million shares [1] - Other notable performers include: - XD Hangcha (603298) at 25.62, up 3.22% - Shantui (000680) at 10.56, up 3.02% - Zoomlion (000157) at 8.15, up 2.52% [1] Capital Flow Analysis - The engineering machinery sector saw a net inflow of 63.9794 million yuan from institutional investors, while retail investors experienced a net outflow of 5.171 million yuan [2] - Major stocks with significant capital inflows include: - Huadong Heavy Machinery with a net inflow of 209 million yuan [3] - Xugong Machinery with a net inflow of 40.2421 million yuan [3] - Hengli Hydraulic with a net inflow of 38.9485 million yuan [3]