Core Viewpoint - Dong'an Power's stock price has decreased by 1.95% to 14.56 yuan, reflecting a decline in market performance despite positive revenue growth and profitability in the first half of 2025 [1] Financial Performance - In the first half of 2025, Dong'an Power achieved operating revenue of 2.479 billion yuan, representing a year-on-year increase of 25.72% [1] - The company reported a net profit attributable to shareholders of 3.9212 million yuan, marking a turnaround from previous losses [1] Market Position and Product Offering - Dong'an Power operates in the automotive parts sector, with three major engine product platforms: naturally aspirated, turbocharged direct injection, and new energy range extender [1] - The company also has three major transmission product platforms: manual transmission, automatic transmission, and DHT, with applications in light and medium commercial vehicles, new energy range extenders, and hybrid vehicles [1] Future Outlook - The company anticipates an increase in range extender sales in the fourth quarter and is currently upgrading production lines to meet rising demand [1] - A semi-annual performance briefing is scheduled for August 22 [1] Market Activity - Today, Dong'an Power experienced a net outflow of main funds amounting to 60.5877 million yuan, which is 0.89% of its circulating market value [1] - Over the past five days, the cumulative net outflow of main funds reached 96.0724 million yuan, accounting for 1.41% of its circulating market value [1]

2025年1月-3月，东安动力实现营业收入9.94亿元，同比减少3.31%；归属净利润372.9万元，同比增长 149.62%。 资料显示，哈尔滨东安汽车动力股份有限公司位于哈尔滨市南岗区高新技术开发区13栋，公司是一家主 要生产汽车发动机、手动变速器、自动变速器、增程动力系统的国有控股上市公司，为高端乘用车、轻 型商用车、新能源汽车等提供发动机、变速器及动力总成一体化解决方案。至今，公司累计产销整机 1,500万台，配套车厂40余家，出口多个国家和地区，市场占有率在国内独立汽油发动机企业、新能源 汽车增程动力领域、商用车汽油机市场和自主AT变速器国内外市场均排名第一。 截至3月31日，东安动力股东户数7.26万，人均流通股6424股。 8月6日，东安动力盘中上涨5.86%，截至09:34，报15.9元/股，成交1.87亿元，换手率2.6%，总市值74.17 亿元。 ...

（原标题：东安动力上半年净利润 同比扭亏为盈） 证券时报记者 孙宪超 东安动力（600178）7月30日晚披露2025年半年度报告，上半年实现营业收入24.79亿元，同比增长 25.72%；归母净利润392.12万元，同比扭亏为盈，上年同期亏损678.98万元；基本每股收益0.02元。 东安动力拥有自然吸气、增压直喷和新能源增程动力三大发动机产品平台以及手动变速器、自动变速器 和DHT三大变速器产品平台。据介绍，公司通过系统集成可以满足轻型和中型商用车市场、新能源增 程动力和混动汽车市场、中高端乘用车和皮卡市场，还可以应用于发电机组、通用动力、空域经济、清 洁能源等领域，进一步扩大市场覆盖范围。公司拥有DA-PDS产品开发流程，车厂适应性开发项目开发 周期仅为6至14个月，远低于同行业的12至18个月，平均效率提升50%。 半年报介绍，东安动力在商用车市场坚持动力总成一体化供货优势，做到了排量1.5L—2.5L全覆盖，成 为市场绝对主力；公司在增程动力领域继续保持市场先发优势，客户不断扩充，成为造车新势力等客户 首选；公司是长安汽车高端乘用车发动机（2.0L及以上蓝鲸发动机）唯一生产制造基地；公司的自动变 速 ...

Core Viewpoint - Allison Transmission (ALSN) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4][6]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade for Allison Transmission reflects a positive outlook on its earnings, which is expected to positively impact its stock price [4][6]. Impact of Earnings Estimate Revisions - There is a strong correlation between changes in earnings estimates and near-term stock price movements, making the Zacks rating system valuable for investors [5][7]. - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. Current Earnings Estimates for Allison Transmission - For the fiscal year ending December 2025, Allison Transmission is expected to earn $8.83 per share, indicating no year-over-year change, but the Zacks Consensus Estimate has increased by 0.4% over the past three months [9]. Conclusion on Zacks Rating System - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings, with only the top 5% of stocks receiving a "Strong Buy" rating, indicating superior earnings estimate revisions [10][11]. - The upgrade of Allison Transmission to Zacks Rank 1 positions it among the top 5% of stocks, suggesting potential for higher stock movement in the near term [11].

Summary of Allison Transmission's Analyst and Investor Call Company and Industry - **Company**: Allison Transmission - **Acquisition Target**: Dana Incorporated's off highway business - **Industry**: Powertrain and industrial solutions for commercial duty applications Core Points and Arguments 1. **Strategic Alignment**: The acquisition aligns with Allison's strategic priorities to expand its emerging market footprint, enhance core technologies, and deliver strong financial results, positioning Allison as a global provider in on highway, off highway, and defense markets [6][10][13] 2. **Transaction Details**: The purchase price is $2.7 billion, financed with new debt and cash on hand, representing a 6.8 times multiple on 2024 adjusted EBITDA of approximately $400 million. Including identified annual run rate synergies of around $120 million, the transaction value represents a 5.2 times multiple on 2024's adjusted EBITDA [7][8] 3. **Financial Impact**: The acquisition is expected to increase Allison's revenue significantly, nearly doubling net sales to approximately $6 billion, and increasing adjusted EBITDA by 40% to $1.7 billion, while maintaining industry-leading adjusted EBITDA margins [14][15] 4. **Operational Synergies**: Identified annual run rate synergies are expected to be achieved primarily from operations, procurement, R&D, and SG&A by year four [7][8] 5. **Global Presence**: Dana's off highway business operates in over 25 countries, generating $2.8 billion in revenue for 2024, with over 70% of revenue from outside North America, enhancing Allison's global footprint [10][11] 6. **Product Portfolio Expansion**: The acquisition will expand Allison's product offerings to include axles, gears, and hybrid drivetrain systems, leveraging shared competencies in software, controls, and system integration [11][12] 7. **Sustainability Focus**: The acquisition positions Allison as a leader in the transition to more sustainable solutions across various end markets [12][13] 8. **Cash Flow and Capital Allocation**: Allison's robust cash flow allows for continued dividend payments and share repurchase programs while focusing on deleveraging to a target below two times leverage [26][28] Additional Important Content 1. **Market Share and Competitive Position**: Dana's off highway business is recognized as a significant player in its market, and the combination with Allison is expected to enhance market reach and execution capabilities [18] 2. **Revenue Synergies**: While initial synergies are cost-focused, there is potential for revenue synergies through expanded market access and product offerings, particularly in international markets [39] 3. **Integration Efforts**: The integration of Dana's business is expected to proceed smoothly, with the team being experienced in M&A and integration processes [32] 4. **Future Growth Opportunities**: The acquisition opens up new growth opportunities in adjacent markets, particularly in construction, agriculture, and industrial applications [44][49] This summary encapsulates the key points discussed during the call, highlighting the strategic rationale behind the acquisition and its anticipated impact on Allison Transmission's growth and market position.