青岛盘古智能制造股份有限公司 2025 年半年度报告 公告编号：2025-037 2025 年 8 月 青岛盘古智能制造股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人邵安仓、主管会计工作负责人路伟及会计机构负责人(会计主管人员)路伟 声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告中涉及未来计划或规划等前瞻性陈述的，均不构成公司对投资者的实质 承诺，投资者及相关人士均应对此保持足够的风险认识，并且应当理解计划、预测与承诺 之间的差异。敬请投资者注意投资风险。 公司已在本报告中详细阐述可能存在的风险及应对措施，详见本报告"第三节 管理层 讨论与分析"之"十、公司面临的风险和应对措施"部分，敬请广大投资者仔细阅读并注 意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 | 第一节 重要提示、目录和释义 1 | | --- | | 第二节 公 ...

盘古智能公告，2025年上半年营业收入2.85亿元，同比增长42.55%。净利润3337.45万元，同比增长 13.12%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

Market Overview - The wind power equipment sector experienced a decline of 1.8% on August 27, with Feiwo Technology leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable gainers in the wind power equipment sector included Tianwang Electric, which rose by 2.81% to a closing price of 35.47, and Dajin Heavy Industry, which increased by 2.18% to 34.71 [1] - Conversely, Feiwo Technology saw a significant decline of 4.66%, closing at 37.42, while Jinlei Co. dropped by 4.51% to 27.31 [2] Trading Volume and Capital Flow - The wind power equipment sector saw a net outflow of 356 million yuan from institutional investors, while retail investors contributed a net inflow of 228 million yuan [2] - The trading volume for Tianwang Electric was 970,400 shares, while Dajin Heavy Industry had a trading volume of 282,500 shares [1] Individual Stock Capital Flow - Tianwang Electric had a net inflow of 497 million yuan from institutional investors, while New Qianglian experienced a net outflow of 50.27 million yuan from retail investors [3] - The capital flow data indicates that retail investors were more active in certain stocks, with significant inflows into Tianwang Electric and outflows from New Qianglian [3]

Investment Rating - The report maintains a "Recommended" investment rating for the renewable energy sector, indicating a positive outlook for the industry [7]. Core Insights - The report highlights significant improvements in the performance of the renewable energy sector, particularly in the photovoltaic (PV) and wind power segments, driven by national strategic initiatives aimed at reducing competition and enhancing industry stability [4][5]. - The photovoltaic industry is currently at the bottom of its cycle, with future policy measures expected to be critical in shaping the industry's trajectory towards high-quality development [4]. - The wind power sector is experiencing a favorable supply-demand structure, with increasing profitability among companies, particularly in offshore wind projects [4]. Weekly Market Review - From August 18 to August 22, 2025, the Shanghai Composite Index rose by 3.49%, while the Shenzhen Component Index and the ChiNext Index increased by 4.57% and 5.85%, respectively. The Shenwan Electric Power Equipment Index rose by 2.28%, underperforming the CSI 300 by 1.90 percentage points [2][13]. - Within sub-sectors, photovoltaic equipment saw a rise of 3.47%, while wind power equipment decreased by 0.90% [2][13]. Key Sector Tracking - Longi Green Energy reported a revenue of 32.8 billion yuan for the first half of 2025, a decline of 14.83% year-on-year, with a net loss of 2.569 billion yuan, significantly reduced from a loss of 5.23 billion yuan in the same period last year [3][34]. - The report emphasizes the importance of government subsidies and the impact of market pricing on operational losses within the photovoltaic sector [3][34]. Investment Recommendations - For the photovoltaic sector, the report suggests focusing on companies with clear alpha potential in the silicon material, glass, and battery segments, as well as new technologies and leading manufacturers [4]. - In the wind power sector, the report recommends attention to companies with strong performance in offshore wind projects and related supply chains, such as Goldwind Technology and Orient Cable [4]. Industry Performance Data - The report notes that the cumulative installed capacity of new energy storage in China reached 101.3 GW by mid-2025, marking a year-on-year growth of 110% [22]. - The average utilization hours of power generation equipment decreased by 188 hours compared to the previous year, indicating challenges in the overall energy market [26]. Company Announcements - EVE Energy reported a revenue increase of 30.06% year-on-year for the first half of 2025, driven by strong performance in both power and energy storage battery segments [24]. - JA Solar's net loss narrowed significantly, reflecting improved operational efficiency and market conditions [24]. Price Trends - The report provides insights into the price trends of key materials in the industry, including polysilicon and battery cells, indicating a general upward trend in prices due to supply constraints and increased demand [22][23].

天眼查商业履历信息显示，青岛盘古智能制造股份有限公司，成立于2012年，位于青岛市，是一家以从 事专用设备制造业为主的企业。企业注册资本15044.7805万人民币，实缴资本11143.4205万人民币。公 司法定代表人为邵安仓。 通过天眼查大数据分析，青岛盘古智能制造股份有限公司共对外投资了19家企业，参与招投标项目150 次，知识产权方面有商标信息5条，专利信息113条，此外企业还拥有行政许可16个。 来源：金融界 金融界消息 截至2025年8月25日收盘，盘古智能（301456）报收于26.84元，上涨0.04%，换手率 4.11%，成交量2.49万手，成交金额6677.70万元。 资金流向方面，今日主力资金净流出1090.32万元，占比成交额16.33%。其中，超大单净流入0.00万 元、占成交额0.0%，大单净流出1090.32万元、占成交额16.33%，中单净流出流入656.29万元、占成交 额9.83%，小单净流入434.03万元、占成交额6.5%。 盘古智能最新一期业绩显示，截至2025一季报，公司营业总收入1.18亿元、同比增长43.45%，归属净利 润1307.44万元，同比减少1.16% ...

Group 1 - The core viewpoint of the article highlights the recent stock performance of Pangu Intelligent, which closed at 26.91 yuan on August 21, experiencing a slight decline of 0.05 yuan or 0.19% from the previous trading day [1] - Pangu Intelligent specializes in the research, production, and sales of wind power equipment-related products, primarily serving the wind power sector [1] - As a company listed on the Growth Enterprise Market, Pangu Intelligent holds the qualification of a specialized and innovative enterprise [1] Group 2 - On August 21, Pangu Intelligent recorded a trading volume of 27,444 hands and a transaction amount of 0.74 billion yuan, with a price fluctuation of 2.08% [1] - The net inflow of main funds into Pangu Intelligent on August 21 was 361,700 yuan, while the cumulative net outflow over the past five trading days reached 4.4653 million yuan [1]

Core Insights - The article highlights the breakthrough of Qingdao Pangu Intelligent Manufacturing Co., Ltd. in the wind power lubrication system, which has historically been dominated by international giants [1][2] - The company has achieved over 60% market share in the domestic centralized lubrication system market by 2024, positioning itself as a leader in the industry [1][3] Industry Growth - The national wind power installed capacity is projected to reach 79.82 million kilowatts in 2024, representing a year-on-year growth of 6% [1] - Wind power generation is expected to account for 10.1% of the total electricity consumption in the same year [1] Technological Advancements - Pangu Intelligent focuses on addressing the core pain points of wind turbine lubrication by investing in hydraulic pitch and yaw technologies [2] - The company's hydraulic yaw system has significantly reduced maintenance costs and is expected to have broad application prospects in large megawatt wind turbines [2] - In 2024, the sales revenue from hydraulic systems reached 129 million yuan, marking an increase of 83.82% year-on-year [2] Research and Development - The company has invested over 70 million yuan in R&D over the past three years, with R&D expenditure as a percentage of revenue increasing annually [3] - By the end of 2024, Pangu Intelligent had obtained 16 invention patents and 51 utility model patents, creating a comprehensive technology matrix [3] Global Expansion - Pangu Intelligent is actively pursuing an international strategy, establishing wholly-owned subsidiaries in countries like Germany and Thailand to enhance its global service network [4][5] - The company's overseas sales reached 75.05 million yuan in 2024, a year-on-year increase of 52.56%, accounting for 15.59% of total revenue [5] Quality Control and Sustainability - The company emphasizes a "zero-defect" culture that permeates all processes from R&D to production and service, ensuring high product quality [7][8] - Pangu Intelligent has established a "green factory" and is committed to reducing carbon emissions, aligning with the industry's low-carbon lifecycle trend [8] Future Outlook - The company aims to continue focusing on lubrication and hydraulic systems while enhancing its global service network and digital infrastructure to achieve its vision of becoming a world-class manufacturer in this field [9]

Core Insights - The core viewpoint of the article emphasizes the importance of lubrication and hydraulic systems in the wind power equipment industry, highlighting their role in ensuring efficient operation [1] Company Overview - Pangu Intelligent was established in 2012 and went public on the ChiNext board in 2023, focusing on the lubrication system market for wind turbines, where it has achieved over 60% market share [1] - The company is expanding into the hydraulic sector, leveraging the commonalities between lubrication and hydraulic technologies [1] R&D Focus - The company's R&D strategy is centered on addressing core pain points in the wind power sector, with a commitment to long-term technological investment [1] - Pangu Intelligent aims to advance towards the goal of making Chinese lubrication and hydraulic systems globally recognized [1]

Investment Rating - The report maintains a "Buy" rating for the photovoltaic and wind power sectors, indicating a positive outlook for these industries in the near to medium term [4][5]. Core Insights - The photovoltaic industry is undergoing a "de-involution" movement at the national strategic level, focusing on capacity integration in the silicon material segment and strengthening price regulation across the supply chain. The industry is currently at the bottom of the cycle, with future policy strength being a key variable influencing its trajectory. In the medium to long term, the photovoltaic sector is expected to enter a phase of high-quality development, with technological upgrades and market structure optimization becoming core competitive factors [4]. - The wind power sector in China has a strong global competitive advantage, with a relatively reasonable supply-demand structure and robust profitability among companies. The year 2025 is anticipated to be a significant year for offshore wind power development in China, with accelerated construction and favorable export trends [4]. Weekly Market Review - From August 4 to August 8, 2025, the Shanghai Composite Index rose by 2.11%, while the Shenzhen Component Index and the ChiNext Index increased by 1.25% and 0.49%, respectively. The Shenwan Electric Power Equipment Index rose by 1.94%, outperforming the CSI 300 by 0.71 percentage points. Within sub-sectors, photovoltaic equipment, wind power equipment, batteries, and grid equipment experienced changes of +1.29%, +4.50%, +0.99%, and +3.08%, respectively [12][18]. Key Sector Tracking - **Photovoltaic Sector**: The report highlights a significant project where JA Solar is the candidate for a 50MW photovoltaic component procurement project in Tibet, with a bid amount of approximately 36 million CNY and a unit price of 0.7215 CNY/W [3][21]. - **Wind Power Sector**: The report emphasizes the strong profitability of domestic wind power companies in the first half of the year and suggests focusing on leading companies such as Goldwind Technology and Dongfang Cable [4]. Investment Recommendations - **Photovoltaic**: Focus on segments that have undergone sufficient corrections, such as silicon materials, glass, and battery cells. Recommended companies include Aiko Solar, Flat Glass Group, GCL-Poly Energy, and Junda Technology [4]. - **Wind Power**: Maintain a positive outlook on the domestic wind power supply chain, with recommendations for companies like Goldwind Technology and Zhongtian Technology [4]. - **New Energy Vehicles**: The sector continues to grow rapidly, with recommendations to focus on battery and structural components benefiting from low upstream raw material prices, including companies like CATL and EVE Energy [5]. Industry Price Data - The report includes price trends for key materials in the photovoltaic supply chain, indicating fluctuations in silicon material, battery cell, and module prices, which are critical for assessing market dynamics [35][36][38].

证券代码：301456 证券简称：盘古智能 公告编号：2025-034 青岛盘古智能制造股份有限公司 关于部分首次公开发行募集资金专户销户完成的公告 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、募集资金基本情况 根据中国证券监督管理委员会《关于同意青岛盘古智能制造股份有限公司首 次公开发行股票注册的批复》（证监许可〔2023〕1178 号），公司获准向社会 公开发行人民币普通股（A 股）股票 3,715 万股，每股面值人民币 1 元，发行价 格为人民币 37.96 元/股，募集资金总额为人民币 1,410,214,000.00 元，扣除各 项发行费用人民币 122,513,356.71 元（不含税），实际募集资金净额为人民币 1,287,700,643.29 元。 上述募集资金已于 2023 年 7 月 10 日划至公司指定账户。公司与保荐人、存 放募集资金的银行签署了《募集资金三方监管协议》，共同监管募集资金的使用。 中兴华会计师事务所（特殊普通合伙）对公司首次公开发行股票募集资金到位情 况进行了审验，并出具了"中兴华验字（2023）第 030022 ...