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]

Core Insights - Company shareholder count reached 16,758 as of November 20, 2025 [1] Company Summary - Shaoyang Hydraulic (301079) provided an update on its shareholder count during an investor Q&A session on November 25 [1]

Market Overview - The engineering machinery sector increased by 0.26% on November 25, with Helen Zhe leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Individual Stock Performance - Helen Zhe (300201) closed at 6.36, up 6.00% with a trading volume of 1.5095 million shares and a turnover of 944 million yuan [1] - Jin Dao Technology (301279) closed at 28.89, up 5.13% with a trading volume of 27,900 shares and a turnover of 797.584 million yuan [1] - Xia Gong Co. (600815) closed at 3.74, up 3.31% with a trading volume of 1.382 million shares and a turnover of 511 million yuan [1] - Changling Hydraulic (605389) closed at 67.01, up 3.20% with a trading volume of 20,900 shares and a turnover of 140 million yuan [1] - Aidi Precision (603638) closed at 19.90, up 3.11% with a trading volume of 137,300 shares and a turnover of 274 million yuan [1] Capital Flow Analysis - The engineering machinery sector experienced a net outflow of 23.2778 million yuan from institutional investors and 12.6804 million yuan from speculative funds, while retail investors saw a net inflow of 35.9582 million yuan [2] - The top net inflows from institutional investors included Zhonglian Cheke (000157) with 38.2059 million yuan and Helen Zhe (300201) with 36.83 million yuan [3] - The largest net outflows from retail investors were seen in Zhonglian Cheke (000157) with -50.0579 million yuan and Helen Zhe (300201) with -25.7235 million yuan [3]

Core Viewpoint - The article provides a comprehensive overview of the hydraulic industry in China, detailing its supply chain, key players, and regional distribution of companies [1][3]. Industry Supply Chain - The upstream of the hydraulic industry consists of three main categories: steel, components, and working media, with steel supplied by major domestic steel enterprises such as Baosteel, Ansteel, and Hebei Steel [3]. - The midstream includes manufacturing companies like Hengli Hydraulic, Shaoyang Hydraulic, and Aidi Precision, which produce hydraulic motors, pumps, valves, cylinders, and systems [1][3]. - The downstream applications span various large engineering sectors, including construction machinery, aerospace, machine tools, agricultural machinery, automotive, and heavy machinery [1]. Regional Distribution - The hydraulic industry is primarily concentrated in Zhejiang and Jiangsu provinces, with Zhejiang having 5,747 hydraulic enterprises and Jiangsu having 3,999 as of October 2025 [5]. - Notable hydraulic companies in Zhejiang include Hengli Hydraulic and Youweili Hydraulic, while Jiangsu features companies like Aidi Precision and Shaoyang Hydraulic [7]. Representative Companies and Financial Performance - Key companies in the hydraulic sector include Hengli Hydraulic, Shaoyang Hydraulic, and Aidi Precision, with their hydraulic-related revenue exceeding 80% of total revenue [8]. - Financial data for representative companies shows Hengli Hydraulic with a hydraulic business revenue of 9.325 billion and a hydraulic-related business ratio of 99.31% [10]. - Aidi Precision reported a hydraulic business revenue of 2.266 billion, with a hydraulic-related business ratio of 83.15% [10].

2025年1-9月，公司实现营业收入1.89亿元，同比下降30.82%；归属于上市公司股东的净利润为 246.28万元，同比下降85.46%；归属于上市公司股东的扣除非经常性损益的净利润为13.78万元，同比 下降99.06%；经营活动产生的现金流量净额为1,556.46万元，同比增长173.76%。 | | 本报告期 | 本报告期比上年 同期增减 | 年初至报告期末 | 年初至报告期末 比上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入(元) | 45, 117, 499. 37 | -58. 22% | 188, 545, 359. 46 | -30. 82% | | 归属于上市公司股东的净利润(元) | -4, 649, 875. 86 | -171. 30% | 2, 462, 842. 55 | -85. 46% | | 归属于上市公司股东的扣除非经常性 损益的净利润(元) | -5,553,527.13 | -190. 17% | 137,789.82 | -99.06% | | 经营活动产生的现金流量净额(元) | | | 15, 564, 573. ...