Core Viewpoint - The acquisition plan of Hailun Zhe to expand its market share in emergency drainage has been hindered by the termination of the agreement to acquire Hunan Huaxun's equity, which was initially aimed at enhancing the company's capabilities in the emergency drainage sector [1][3]. Group 1: Acquisition Details - Hailun Zhe signed a cooperation agreement in September 2024 to acquire control of Hunan Huaxun, which specializes in emergency drainage products, but after over a year of negotiations, the parties could not reach an agreement on key terms [2][3]. - The termination agreement confirms that there are no disputes regarding the original agreement and that both parties will adhere to confidentiality obligations [3]. Group 2: Financial Performance - In the third quarter of 2025, Hailun Zhe reported a revenue of 1.29 billion yuan, a year-on-year increase of 28.75%, and a net profit attributable to shareholders of 176 million yuan, up 32.57% year-on-year [1]. Group 3: Industry Context - The emergency industry is currently benefiting from policy incentives, with a target to exceed 1 trillion yuan in industry scale by 2025, aiming to develop over 10 leading enterprises with international competitiveness [4]. - As of August 2024, there has been a significant increase in demand for emergency products, particularly drainage vehicles, with a total tender amount of approximately 2.9 billion yuan [4]. Group 4: Product Development - Hailun Zhe is focusing on developing small, high-capacity urban drainage products and has made advancements in electric emergency power supply vehicles and robotic insulated boom vehicles, with over 110 units signed for a total of 154 million yuan [5]. - The company holds a 22.93% stake in Guangdong Xinyu Intelligent Equipment Co., which has seen a 89% year-on-year increase in new orders, primarily related to energy storage [6].

Core Viewpoint - The company Helen Zhe announced the termination of its equity acquisition cooperation with Changsha Zhenghao and Hunan Huaxun, which was initially aimed at gaining control over Hunan Huaxun, a company specializing in emergency drainage equipment [1][2][3]. Financial Performance - For the first three quarters of 2025, the company reported a revenue of 1.29 billion yuan, representing a year-on-year growth of 28.75% - The net profit attributable to shareholders reached 176 million yuan, up 32.57% year-on-year, with basic earnings per share approximately 0.19 yuan, an increase of 39.05% [1]. Acquisition Details - The acquisition agreement was signed in September 2024, with the intention to enhance the company's market share in emergency drainage products [2]. - Hunan Huaxun's products, including portable high-flow submersible pumps and emergency drainage vehicles, were highlighted for their application in disaster relief efforts [2]. Termination of Acquisition - After over a year of negotiations, the parties could not reach an agreement on key terms of the acquisition, leading to the termination of the original agreement without disputes or claims against each other [3]. - The company stated that this termination would not affect its normal operations or future development plans [3]. Industry Environment - The emergency industry is currently benefiting from policy incentives, with a target to exceed 1 trillion yuan in industry scale by 2025, aiming to develop over 10 leading enterprises with international competitiveness [4]. - As of August 2024, there were 1,953 emergency product tenders totaling approximately 2.9 billion yuan, with significant demand for drainage vehicles [4]. Product Development Focus - The company plans to focus on developing small, high-capacity urban drainage products and optimizing configurations for pumps with capacities between 3,000 m³/h and 5,000 m³/h [4]. - The introduction of intelligent and digital technologies is also a priority for enhancing product efficiency [4]. New Product Innovations - The company has developed a lightweight power supply vehicle aimed at improving emergency power supply operations in urban areas, along with a new robotic insulated boom lift, achieving over 110 signed contracts worth 154 million yuan [5]. Stake in Related Company - The company holds a 22.93% stake in Guangdong Xinyu Intelligent Equipment Co., becoming its largest shareholder, which specializes in lithium battery production equipment [6]. - The related company has seen a year-on-year order increase of approximately 89%, with 60% of new orders related to energy storage [6].

证券日报网讯海伦哲（300201）9月26日发布公告，在公司回答调研者提问时表示，电力保障市场是海 伦哲始终关注的领域，海伦哲在该市场具有核心竞争力。公司开发的进口替代国产化绝缘臂带电作业车 产品，多年来持续处于行业领先地位，获得国家电网等客户好评。近年来，公司开发的大功率电源车销 售状态持续保持良好态势。今年，公司研发了小型轻量化电源车，对于城市地下配电场所、狭窄道路空 间和老旧城区的应急保供电作业的效率、安全性能提升以及不停电作业的技术发展进步有积极意义，新 签订单已超过6000万元，市场反馈较好；公司成功开发机器人绝缘斗臂车新产品，投放市场后受到欢 迎，今年已累计签约超过110台，金额达1.54亿元，销售势头良好。下一步，公司将集中力量积极开发 电力应急保障领域的新产品，为经济社会发展作出积极贡献。 ...

Group 1: Company Performance - The company achieved a revenue of 803 million yuan in the first half of 2025, representing a year-on-year growth of 53.86% [4] - The net profit for the same period was 83.67 million yuan, showing a significant increase of 63.42% year-on-year [4] - As of the end of August 2025, the company signed 112 orders for robotic insulated vehicles, amounting to 154 million yuan [3] - The company also secured 121 orders for power supply vehicles, totaling 26.599 million yuan [3] Group 2: Market Expansion and Product Development - The company is focusing on international business expansion, targeting markets in the Middle East, Southeast Asia, Russia, and Australia [3] - The company has successfully delivered rolling batch orders in the Malaysian market, indicating positive progress [3] - The company’s new small lightweight power supply vehicle has received favorable market feedback, with new orders exceeding 60 million yuan [7] - The GKJH40 high-altitude, high-voltage insulated vehicle is expected to enter the market in November 2025 [6] Group 3: Investor Relations and Market Management - The company emphasizes long-term value creation for shareholders through business optimization, performance improvement, and cash dividends [2] - The management reassured investors about the stability of the company’s operations despite stock price fluctuations [4] - The company is actively managing its market image and maintaining communication with investors [2] - The company is addressing shareholder disputes, stating that they do not significantly impact normal operations [4] Group 4: Strategic Partnerships and Collaborations - The company signed a strategic cooperation agreement with China Aneng Group for emergency equipment development and market expansion [7] - The company is involved in a competitive negotiation procurement with the State Grid Corporation for special vehicles, amounting to 253 million yuan [7]