报告期，剔除股份支付影响后归属于上市公司股东的净利润为7.46亿元，同比增长21.48%，剔除股份支付影响后归属于上 市公司股东的扣除非经常性损益的净利润为7.14亿元，同比增长22.68%。截至本报告期末，公司资产总额52.78亿元，较期初增 长18.41%，归属于上市公司股东的所有者权益31.42亿元。 （编辑 张昕） 本报讯 （记者桂小笋）1月22日晚间，华明电力装备股份有限公司（以下简称"华明装备"）发布2025年度业绩快报。报告 显示，公司全年实现营业收入24.25亿元，同比增长4.43%；归属于上市公司股东净利润7.08亿元，同比增长15.29%；扣非后归 属于上市公司股东的净利润6.76亿元，同比增长16.15%。 分业务看，作为公司基本盘的电力设备业务表现亮眼，实现营业收入21亿元，首次突破20亿元大关，同比增长约16%。其 中，海外业务成为关键增长极，电力设备海外用户收入（含直接与间接出口）同比大幅增长约47%。此外，数控设备业务出口 表现亦不俗，出口收入同比大幅增长约233%。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002270 证券简称：华明装备公告编号：〔2026〕003号 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。 特别提示： 本公告所载2025年度的财务数据仅为初步核算数据，未经会计师事务所审计，与年度报告中披露的最终 数据可能存在差异，请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：万元 2025年度，公司实现营业收入24.25亿元，同比增长4.43%；实现归属于上市公司股东的净利润7.08亿 元，同比增长15.29%；实现扣除非经常性损益后的归属于上市公司股东的净利润6.76亿元，同比增长 16.15%。主要系公司核心业务--电力设备实现营业收入21亿元，同比增长约16%，首次突破20亿元，其 中电力设备业务海外用户收入（直接加间接出口）同比增长约47%。公司数控设备业务实现营业收入 2.44亿元，同比增长约40%，其中出口收入同比增长约233%。公司电力工程业务营业收入0.29亿元，同 比减少约90%。 报告期，剔除股份支付影响后的归属于上市公司股东的净利润为7.46亿元，同比 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002270 证券简称：华明装备 公告编号：〔2026〕003号 ■ 注：以上数据为合并财务报表数据。 二、经营业绩和财务状况情况说明 2025年度，公司实现营业收入24.25亿元，同比增长4.43%；实现归属于上市公司股东的净利润7.08亿 元，同比增长15.29%；实现扣除非经常性损益后的归属于上市公司股东的净利润6.76亿元，同比增长 16.15%。主要系公司核心业务--电力设备实现营业收入21亿元，同比增长约16%，首次突破20亿元，其 中电力设备业务海外用户收入（直接加间接出口）同比增长约47%。公司数控设备业务实现营业收入 2.44亿元，同比增长约40%，其中出口收入同比增长约233%。公司电力工程业务营业收入0.29亿元，同 比减少约90%。 华明电力装备股份有限公司 2025年度业绩快报 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。 特别提示： 本公告所载2025年度的财务数据仅为初步核算数据，未经会计师事务所审计，与年度报告中披露的最终 数据可能存在差异，请投资者注意投资风险。 一 ...

智通财经APP讯，华明装备(002270.SZ)披露2025年度业绩快报，公司实现营业收入24.25亿元，同比增 长4.43%;实现归属于上市公司股东的净利润7.08亿元，同比增长15.29%;实现扣除非经常性损益后的归属 于上市公司股东的净利润6.76亿元，同比增长16.15%。主要系公司核心业务--电力设备实现营业收入21 亿元，同比增长约16%，首次突破20亿元，其中电力设备业务海外用户收入(直接加间接出口)同比增长 约47%。公司数控设备业务实现营业收入2.44亿元，同比增长约40%，其中出口收入同比增长约233%。 公司电力工程业务营业收入0.29亿元，同比减少约90%。 ...

华明装备（002270）(002270.SZ)披露2025年度业绩快报，公司实现营业收入24.25亿元，同比增长 4.43%;实现归属于上市公司股东的净利润7.08亿元，同比增长15.29%;实现扣除非经常性损益后的归属于 上市公司股东的净利润6.76亿元，同比增长16.15%。主要系公司核心业务--电力设备实现营业收入21亿 元，同比增长约16%，首次突破20亿元，其中电力设备业务海外用户收入(直接加间接出口)同比增长约 47%。公司数控设备业务实现营业收入2.44亿元，同比增长约40%，其中出口收入同比增长约233%。公 司电力工程业务营业收入0.29亿元，同比减少约90%。 ...

格隆汇1月22日丨华明装备(002270.SZ)公布2025年度业绩快报，2025年度，公司实现营业收入24.25亿 元，同比增长4.43%；实现归属于上市公司股东的净利润7.08亿元，同比增长15.29%；实现扣除非经常 性损益后的归属于上市公司股东的净利润6.76亿元，同比增长16.15%。主要系公司核心业务--电力设备 实现营业收入21亿元，同比增长约16%，首次突破20亿元，其中电力设备业务海外用户收入（直接加间 接出口）同比增长约47%。公司数控设备业务实现营业收入2.44亿元，同比增长约40%，其中出口收入 同比增长约233%。公司电力工程业务营业收入0.29亿元，同比减少约90%。报告期，剔除股份支付影响 后的归属于上市公司股东的净利润为7.46亿元，同比增长21.48%，剔除股份支付影响后归属于上市公司 股东的扣除非经常性损益的净利润为7.14亿元，同比增长22.68%。截至本报告期末，公司资产总额 52.78亿元，较期初增长18.41%，归属于上市公司股东的所有者权益31.42亿元，较期初下降0.74%。 ...

华明装备1月22日发布2025年度业绩快报，2025年度，公司实现营业收入24.25亿元，同比增长4.43%； 实现归属于上市公司股东的净利润7.08亿元，同比增长15.29%；实现扣除非经常性损益后的归属于上市 公司股东的净利润6.76亿元，同比增长16.15%。主要系公司核心业务--电力设备实现营业收入21亿元， 同比增长约16%，首次突破20亿元，其中电力设备业务海外用户收入（直接加间接出口）同比增长约 47%。公司数控设备业务实现营业收入2.44亿元，同比增长约40%，其中出口收入同比增长约233%。公 司电力工程业务营业收入0.29亿元，同比减少约90%。 ...

Financial Performance - In Q3 2025, the company achieved revenue of approximately 2.013 billion CNY, with a net profit attributable to shareholders of 694 million CNY, representing a year-on-year growth of 15.12% [6] - For the first three quarters of 2025, the net profit attributable to shareholders was 581 million CNY, a year-on-year increase of 17.66% [7] - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares, totaling approximately 179 million CNY [7] Revenue Breakdown - The power equipment business generated revenue of 1.535 billion CNY in the first three quarters, a year-on-year increase of 16.51%, with overseas revenue reaching 486 million CNY, up 45.43% [7] - Domestic revenue was 1.049 billion CNY, reflecting a growth of 6.7% [7] - Overseas revenue accounted for over 31% of the company's revenue from the busbar switch business [7] Market Dynamics - The company noted that the growth in overseas revenue is influenced by several factors, including a low base, gradual market share increase, and stable overseas demand [10] - The company expressed confidence in the sustainability of overseas revenue growth despite potential fluctuations in copper prices and year-end procurement rhythms [11] Strategic Initiatives - The company is focusing on localizing its overseas operations, with established assembly and testing plants in Turkey and Indonesia, which have proven successful in capturing local market share [45] - Future plans include enhancing the sales and service teams in Europe and exploring opportunities in the Middle East and the U.S. markets [17] Competitive Landscape - The company maintains a competitive edge in delivery speed and product stability, with 80% of components produced in-house [46] - The pricing strategy remains stable, with no significant changes in domestic pricing, while overseas prices are generally higher due to market conditions [41] Industry Outlook - The company anticipates that the demand for transformers and related equipment will continue to grow, driven by infrastructure investments and the expansion of renewable energy projects [36] - The company is cautious about predicting significant changes in demand trends, emphasizing the need for a comprehensive understanding of market dynamics [11]

Summary of Huaming Equipment Q3 2025 Conference Call Industry and Company Overview - **Company**: Huaming Equipment - **Industry**: Electrical Equipment and Power Systems Key Points and Arguments Market Performance - The **tap changer business** showed strong performance in both domestic and international markets, with **over 40% growth** in overseas revenue maintained in Q3 2025, and domestic market revenue growth faster than the first half of the year, expecting stable growth for the year [2][3][4] - **North American market** operations are normal, generating tens of millions in revenue annually, while the **Middle Eastern market** is progressing faster with local layout considerations, though significant revenue increases are not expected in the short term [2][6] Financial Performance - Q3 2025 financial performance was impacted by the first-time recognition of **share-based payment expenses**, leading to an increase in sales expenses due to rapid overseas business growth [3] - The **acquisition of power station assets** has no significant immediate financial impact as risks were previously accounted for, but it may lower interest costs and accelerate cash flow recovery over 15 to 20 years [5] Order and Revenue Trends - **Maintenance orders** have seen significant growth, exceeding a **20% compound growth rate** from previous years, although seasonal factors have affected actual revenue growth [7] - The **numerical control equipment** business is rapidly growing due to increased industry demand, technological innovation, and effective marketing strategies, becoming a new important revenue source [8] Export Business Outlook - The outlook for future quarters and next year's export business remains optimistic, although order conditions in Q4 and next year need monitoring, with copper price fluctuations potentially affecting delivery schedules [4] Domestic vs. Overseas Revenue - Overseas revenue is growing rapidly, while domestic market prices and gross margins are declining, limiting the domestic market's support for overall performance [9] - The ratio of **direct to indirect exports** is approximately **1:1**, indicating a balanced approach to international sales [10] Impact of Overseas Projects - Participation in overseas data center projects has limited impact on overall performance, as the number of tap changers required per project is small, but these projects could enhance electricity demand and drive upstream generation capacity [11] Strategic Focus and Future Goals - The company is focusing on consolidating and developing existing regions, particularly in **Europe and Asia**, with no major investment plans in North America and the Middle East at this stage [12] - Current production capacity is sufficient, with good order feedback from Indonesia and Turkey, and domestic capacity is not yet at full utilization [13] - The **gross margin** for tap changers remains stable with slight improvements, indicating no significant changes [14] - The goal for 2025 is to achieve **break-even** and aim for faster growth thereafter, with steady progress on shareholder plans [15]

Group 1 - The 2025 Saudi-China Industrial and Building Materials Exhibition was successfully held in Riyadh, Saudi Arabia, from October 12 to 15, organized by the Shandong Provincial Department of Commerce and the Shandong Provincial Council for the Promotion of International Trade [1] - The exhibition focused on the steel industry, metal processing, casting, die-casting, and non-ferrous metal industries, featuring nearly 50 enterprises from Shandong Province and covering an exhibition area of approximately 560 square meters [1] - During the four-day event, Shandong exhibitors received an average of 50-60 buyers daily, with popular products including CNC equipment, laser machines, steel coils, stainless steel plates, pipe fittings, and new materials [4] Group 2 - The total transaction amount at the exhibition reached over 6.3 million USD, with more than 800 preliminary procurement intentions valued at over 45 million USD [4] - Shandong Xinlant Precision Machinery Co., Ltd. signed contracts with four high-quality clients and connected with over 80 potential clients, establishing a solid foundation for future business expansion [4] - Shandong Yigao Building Decoration Materials Co., Ltd. gained deep insights into the Saudi market and improved brand awareness and influence through the exhibition [4] Group 3 - The exhibition also included contractor matchmaking meetings and market research activities, helping enterprises understand the local business environment and market trends [5] - The successful hosting of the exhibition provided an efficient platform for Shandong enterprises to explore the Middle East market and injected strong momentum into the internationalization of Shandong's industrial capacity [5] - Participating companies expressed intentions to deepen international cooperation and promote Shandong manufacturing's greater leap in the global value chain [5]