作为京津冀协同发展的重要平台，大兴机场临空经济区持续深化制度创新。目前，已实现雄安新区跨省 市业务通办，推动京津冀203项"同事同标"政务服务事项及209项资质互认事项落地实施，并通过"云窗 口"实现跨区域"一站式"办理，切实解决企业"多地跑"问题。 中新网北京9月25日电 (杜燕 杨双月)2025年临空经济区可持续发展国际会议25日在大兴机场临空经济区 开幕。大兴机场临空经济区颁发首批一体化登记营业执照，三大合作平台启动，多个重磅项目签约，来 自国内外的政府部门、专家学者、企业高管围绕"领航未来—国际航空科技创新与服务新生态"主题，共 话发展、共探趋势、共谋合作。 9月25日，2025年临空经济区可持续发展国际会议25日在大兴机场临空经济区开幕。记者 富田 摄 大兴机场临空区颁发首批一体化登记营业执照 今天，大兴机场临空经济区颁发首批一体化登记营业执照。根据新政策，在大兴机场临空经济区内新设 立或变更登记的经营主体，其营业执照经营场所(住所)栏将统一标注"北京大兴国际机场临空经济区"字 样，京冀两地联合设立"北京大兴国际机场临空经济区一体化登记平台"专属入口。申请人办理业务时， 可登录该平台，录入预登记地址 ...

Core Viewpoint - Dong'an Power aims to expand its market presence across three main areas: traditional market, export market, and range extender and hybrid market, with each segment targeting one-third of the overall business [2] Group 1: Future Goals and Market Strategy - The company plans to achieve a total sales volume of 1 million units by 2026 and aims for revenue of 10 billion yuan by 2027 [2] - For 2025, Dong'an Power has set a target of selling 600,000 units and achieving a revenue of 5.2 billion yuan [2] Group 2: Sales Performance - From January to July, the company sold 258,100 engines, representing a year-on-year increase of 23.88%, and sold 97,600 transmissions, which is a significant year-on-year increase of 119% [2] - In the first half of the year, Dong'an Power reported a revenue of 2.479 billion yuan, a year-on-year growth of 25.72%, and a net profit attributable to shareholders of 3.9212 million yuan, recovering from a loss of 6.7898 million yuan in the same period last year [2] Group 3: Product Development - The company is currently collaborating on the development of rotary engines and is undergoing a technical transformation of its range extender production line, expected to be completed by the end of Q1 next year to meet the growing demand for range extenders [2]

上半年，东安动力净利润较上年同期实现扭亏为盈，主要原因是上半年公司AT变速器订单增加，相应 的营业收入及毛利较上年同期均大幅增长，同时，公司加速推进整体搬迁后的资产交接，本期确认的固 定资产处置收益增加。2025年上半年，受主要客户需求增长和新项目量产带动，东安动力的整机产量 33.07万台，同比增长33.95%。公司汽油发动机行业市场占有率2.39%，同比提高0.38个百分点。 据东安动力向机构投资者介绍，公司现有产能为本部30万台，子公司东安汽发44万台，产能均按双班 250工作日标准，东安动力本部产能利用率较高，子公司部分发动机产能利用率有待提高。公司制定的 2025年的经营目标为整机销售60万台，实现营业收入52亿元。1-7月，公司销售发动机25.81万台，较上 年同期增长23.88%，销售变速器9.76万台，较上年同期增长119%。目前新能源产品中，增程器主要匹 配东风岚图，DHT产品主要配郑州日产。公司目前批量增程器产品及已定点项目均为1.5T排量，6月份 以来，东风岚图项目增程器销量提升明显，江淮汽车（600418）项目也逐步增产。四季度，增程器销量 有望进一步提高。 "目前正在进行增程产品生产 ...

Core Viewpoint - Harbin Dong'an Automotive Power Co., Ltd. reported a significant revenue increase but remains reliant on non-operating income for profitability, raising concerns about the sustainability of its financial performance [3][5][7]. Financial Performance - The company achieved a total revenue of 2.479 billion yuan, a year-on-year increase of 25.72% [3][4]. - The net profit attributable to shareholders was 3.9212 million yuan, a turnaround from a loss of 6.7898 million yuan in the same period last year [3][5]. - However, the net profit excluding non-recurring items showed a deeper loss, widening from 48.1724 million yuan to 61.1340 million yuan [3][5]. Cost and Margin Analysis - The gross margin decreased to 2.33%, down 3.19 percentage points from the previous year, indicating pressure on profitability despite revenue growth [4][7]. - Operating costs increased by 28.85%, outpacing revenue growth, which suggests a potential strategy of sacrificing margin for volume [4][5]. Cash Flow and Inventory - The net cash flow from operating activities was -492 million yuan, worsening from -186 million yuan year-on-year, indicating increasing cash flow pressure [5][6]. - Inventory rose to 1.012 billion yuan from 671 million yuan at the end of the previous year, reflecting increased capital tied up in stock due to expanded sales [5][6]. Market Position and Product Development - The company’s market share in gasoline engines increased from 2.01% to 2.39%, a rise of 0.38 percentage points [4]. - Dong'an Power is actively pursuing product and market transformation, with 285 new product development projects underway, including 28 in the new energy sector [5][6]. Legal and Corporate Governance Issues - The company is facing a patent lawsuit from ZF involving significant products, with a claim amounting to 54 million yuan [6]. - In July, the company canceled the third tranche of restricted stock due to unmet performance targets and staff turnover [6]. Future Outlook - The reliance on non-operating income raises questions about the sustainability of the company's profitability, especially as core business profitability remains weak [7]. - The ability to balance investment in new energy projects with financial stability will be crucial for the company's future success [7].

（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 - Dong'an Power reported a significant turnaround in its financial performance for the first half of 2025, achieving a revenue of 2.479 billion yuan, a year-on-year increase of 25.72%, and a net profit of 3.9212 million yuan, compared to a loss of 6.7898 million yuan in the same period last year [2][3] Group 1: Financial Performance - The company achieved a revenue of 2.479 billion yuan in the first half of 2025, reflecting a year-on-year growth of 25.72% [2] - The net profit for the first half of 2025 was 3.9212 million yuan, marking a turnaround from a loss of 6.7898 million yuan in the previous year [2] - Basic earnings per share were reported at 0.02 yuan [2] Group 2: Product and Market Development - Dong'an Power has three major engine product platforms: naturally aspirated, turbocharged direct injection, and new energy range-extended power [2] - The company has a comprehensive supply advantage in the commercial vehicle market, covering engine displacement from 1.5L to 2.5L, establishing itself as a market leader [2] - The company is the sole manufacturing base for Changan Automobile's high-end passenger car engines (2.0L and above) [2] Group 3: Production and Market Expansion - The total production volume for the first half of 2025 reached 330,700 units, a year-on-year increase of 33.95% [3] - Dong'an Power's market share in the gasoline engine industry increased to 2.39%, up by 0.38 percentage points year-on-year [3] - The company has initiated projects focusing on low-altitude economy and has established partnerships for new product development, including a new 2.0L turbocharged direct injection engine with Changan Automobile [3]

Core Viewpoint - Dong'an Power reported significant growth in revenue and profitability for the first half of 2025, indicating a successful turnaround and strong market positioning in the automotive powertrain sector [1][2]. Group 1: Financial Performance - In the first half of 2025, Dong'an Power achieved operating revenue of 2.479 billion yuan, a year-on-year increase of 25.72% [1]. - The company reported a net profit of 3.9212 million yuan, reversing a loss of 6.7898 million yuan in the same period last year [1]. - Basic earnings per share were 0.02 yuan, reflecting improved financial health [1]. Group 2: Product and Market Positioning - Dong'an Power offers three major engine product platforms: naturally aspirated, turbocharged direct injection, and new energy range-extended power systems, along with three transmission product platforms [1]. - The company has established itself as a dominant player in the commercial vehicle market, covering engine displacements from 1.5L to 2.5L [2]. - Dong'an Power is the sole manufacturing base for Changan Automobile's high-end passenger car engines (2.0L and above) [2]. Group 3: Production and Market Expansion - The total production volume for Dong'an Power reached 330,700 units in the first half of 2025, representing a year-on-year increase of 33.95% [2]. - The company has a market share of 2.39% in the gasoline engine sector, an increase of 0.38 percentage points compared to the previous year [2]. - Dong'an Power has initiated 60 new market projects, including 14 in the new energy sector, with a projected lifecycle sales volume of 3 million units [3]. Group 4: Future Goals and Innovations - The company aims to sell 600,000 units and achieve operating revenue of 5.2 billion yuan in 2025 [3]. - Future market strategies include focusing on traditional markets, export markets, and range-extended and hybrid markets, each targeting one-third of overall business [3]. - Dong'an Power is actively pursuing product innovation, including the development of a rotor engine in collaboration with AVL [3].

Core Insights - Dong'an Power achieved significant growth in engine production and sales in the first half of the year, with production reaching 330,721 units, a year-on-year increase of 33.95%, and sales totaling 311,624 units, up 45.44% [1] - The company has focused on cost reduction and innovation to navigate the challenging external environment and intense competition in the automotive industry, successfully reducing costs by over 100 million yuan [1][3] - Dong'an Power has developed a new market development model that emphasizes proactive market guidance and innovative pricing management, resulting in a 173% increase in new market project acquisitions [3] Production and Innovation - The company launched a rotor engine project in collaboration with AVL and signed a strategic cooperation agreement with XPeng Huitian, a leading flying car company [5] - A total of 285 new product projects were advanced in the first half of the year, including 21 platform development projects and 217 automotive engine matching projects [5] Reform and Development - As a state-owned enterprise, Dong'an Power is committed to reform and enhancing core competitiveness, focusing on technological innovation and industry control [8] - The company is implementing a comprehensive reform plan with a completion rate of 93% for its action items, which cover technology research and development, management optimization, and industry chain collaboration [10]

Core Viewpoint - Dong'an Power is collaborating with AVL to develop a new rotor engine, which aligns with the current domestic market trends and aims to significantly boost the related industries in China [1][2][3] Group 1: Company Developments - Dong'an Power has launched a rotor engine development project with AVL, marking a significant step in expanding its market presence in the low-altitude economy sector [1][3] - The company reported a revenue of 994 million yuan and a net profit of 3.73 million yuan in Q1 2025, indicating a turnaround from previous losses [1] - Dong'an Power has secured 51 new market agreements from 26 enterprises, with an expected total sales volume of 1.5 million units over the product lifecycle [1] Group 2: Industry Trends - The rotor engine is designed to meet the lightweight and compact requirements of aviation applications, enhancing flight performance and payload capacity [2] - The development of the rotor engine is in line with national strategies for innovation in the low-altitude economy, promoting significant upgrades in manufacturing technology [3] - The collaboration with AVL is expected to leverage both companies' technological and resource advantages to overcome technical challenges and accelerate project development [3]

Core Viewpoint - The rapid development of electrification and intelligence in the Chinese market is expected to continue, with Mazda collaborating with Changan Automobile to enhance their market presence and product offerings in the new energy vehicle sector [1]. Group 1: Collaboration and Product Development - Mazda and Changan Automobile are celebrating 20 years of partnership, transitioning from local production to global collaboration [1]. - The MAZDA EZ-60, a strategic new energy vehicle, made its global debut at the Shanghai Auto Show, highlighting the collaboration between the two companies [1]. - Future cooperation will focus on new energy vehicle development, supply chain integration, and overseas market expansion, with a model of "China R&D, global output" [1]. Group 2: Product Features and Market Strategy - The EZ-60 is positioned in the SUV segment, which is significant in the Chinese market, and features advanced technology such as a 26.45-inch display and 23 speakers for an immersive audio experience [4]. - The naming strategy for the EZ-6 and its overseas version, MAZDA6e, is designed to enhance brand recognition in different markets [5]. - The company aims to leverage its existing customer base and enhance its product lineup to improve communication with consumers [6]. Group 3: Market Challenges and Competitive Landscape - The competitive landscape in China is intense, with local brands dominating the new energy vehicle market, where Japanese joint ventures hold only about 1% market share [5]. - Long-term strategies include deepening collaboration with Changan Automobile and maintaining Mazda's unique brand identity to ensure reasonable profit margins [7]. - The company is considering implementing customer-oriented policies, such as lifetime warranties, based on market research and customer needs [8].