在电机行业的浩瀚星空中，一颗璀璨的星辰正以其独特的光芒吸引着市场的目光。这颗星辰，便是卧龙 电驱——一个从浙江山村小厂蜕变而来的全球电机巨头。 卧龙电驱的故事，是一段关于创新、成长与传承的传奇。它的创始人陈建成，一位1959年出生于浙江上 虞的机械系毕业生，于1984年携手五位伙伴，以仅有的5万元资金，在一间破旧的厂房中开启了创业之 旅。他们创办了上虞县多速微型电机厂，这便是卧龙电驱的前身。凭借对质量的坚守和性价比的优势， 卧龙电驱迅速在家电电机领域站稳脚跟，并于2002年成功登陆上交所，成为国内首家A股上市的民营电 机企业。 如今，卧龙电驱正站在新的起点上。近日，公司向港交所主板递交了上市申请，谋求"A+H"双平台布 局。这一举措不仅将为公司提供更多的融资渠道和更广阔的发展空间，也将进一步提升公司在全球市场 上的知名度和影响力。 卧龙电驱的故事，是一段关于浙商精神的生动诠释。从白手起家到全球巨头，从山村小厂到资本棋局， 卧龙电驱的每一步都凝聚着创业者的智慧和汗水。在"浙商父女"与"学霸女婿"的黄金组合带领下，卧龙 电驱正以其独特的魅力和实力，书写着传统制造企业的华丽变身篇章。 然而，卧龙电驱的雄心远不止于此 ...

2025 年半年度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 哈尔滨电气集团佳木斯电机股份有限公司 2025 年半年度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 2025 年半年度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 哈尔滨电气集团佳木斯电机股份有限公司 2025 年半年度报告全文 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。 公司负责人刘清勇、主管会计工作负责人韩思蒂及会计机构负责人(会计 主管人员)刘洋声明：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。 本年度报告中有关经营计划、经营目标等前瞻性陈述并不代表公司对 一定的不确定性，不构成公司对广大投资者的实质承诺，投资者及相关人士 应当对此保持足够的风险认识，并且应当理解计划、预测和承诺之间的差异。 敬请广大投资者注意投资风险。 公司在本报告第三节："管理层讨论与分析"之十中的"公司面临的风 险和应对措施"部分，描述了公司经营中可能存在的风险及应对措施，敬请 广大投资者注意阅读。 ...

Summary of Wolong Electric Drive Conference Call Company Overview - Wolong Electric Drive reported approximately 8.03 billion yuan in revenue for the first half of 2025, a year-on-year increase of 1%, despite divesting from energy storage and photovoltaic businesses. However, net profit saw significant growth, reaching 540 million yuan, up 44% year-on-year [2][12][4]. Market Position - The company holds the leading global market share in explosion-proof motors at 4.5%, ranks fourth in industrial motors at 2.8%, and fifth in HVAC motors at 5%. The long-term goal is to become the number one in the global electric drive system market [2][5][10][23]. Business Segmentation - Wolong Electric Drive has redefined its business segments in its Hong Kong IPO prospectus, now categorizing its operations into five areas: explosion-proof motors, industrial motors, HVAC motors, transportation motors, and robotic components and systems [3][10]. Strategic Focus - The company is heavily investing in robotics components, including frameless torque motors, hollow cup motors, servo drives, and control systems, aiming to become a global T20,000 supplier. New developments include dexterous hands and exoskeletons [2][6][19]. Financial Performance - The net profit margin for the first half of 2025 was approximately 7%, indicating a continuous improvement in overall profitability. The revenue structure shows that explosion-proof motors account for 30%, industrial motors for 26%, and HVAC motors for 32% of total revenue [3][14][15]. Future Growth Expectations - Wolong Electric Drive anticipates that its performance in the next two to three years will primarily depend on the recovery of demand in industrial and consumer motors, supported by policies promoting equipment upgrades. Expected revenues are projected to reach 1 to 1.1 billion yuan in 2025, 1.2 to 1.3 billion yuan in 2026, and over 2.4 billion yuan in 2027 [2][8][9]. Emerging Technologies - The company is focusing on electric aviation and intelligent robotics, expecting these sectors to contribute to revenue starting in 2027. Significant resources are being allocated to electric aviation, with collaborations established for system certification and product development [9][20][21]. Industry Trends - The electric motor industry is projected to maintain a high compound growth rate over the next five years, driven by tightening safety regulations and increased industrial automation. The HVAC and new energy motor sectors are expected to see significant growth due to the rapid expansion of data centers and the commercialization of electric vehicles [22][11]. Capacity Utilization - The overall capacity utilization rate of the company remains above 90%, with expectations for further improvement as industry demand recovers, particularly in HVAC and power sectors [24][25]. Conclusion - Wolong Electric Drive is strategically positioned for growth in both traditional and emerging markets, with a strong focus on innovation and market expansion. The company's robust financial performance and market leadership in key segments provide a solid foundation for future growth opportunities.

Group 1: Financial Performance and Product Profitability - The increase in gross margin for nuclear power products is attributed to cost control measures, improved production efficiency, and favorable downstream industry conditions [3][4] - The company faces pressure in its main business (explosion-proof motors) due to market demand fluctuations and price competition, but maintains core competitive advantages with certifications and advanced technology [5] Group 2: Research and Development Initiatives - The company is a leader in developing high-efficiency energy-saving products, with a range of motor specifications that meet the new national energy efficiency standards [6] - The implementation of the mandatory standard GB 30254-2024 for high-voltage three-phase asynchronous motors will take effect on September 1, 2025, and the company has already obtained certification for compliant products [6] Group 3: Mergers and Acquisitions Strategy - The company adopts a cautious and open approach to potential mergers and acquisitions, focusing on enhancing core competitiveness and shareholder value, with no current plans that meet disclosure standards [7] Group 4: Talent Acquisition and Retention - The company recruits fresh graduates annually and integrates talent strategy with business development through targeted recruitment and training programs [8][9] - A systematic training framework is established, including mentorship and project-based training, alongside long-term incentive mechanisms to enhance team cohesion and performance [9]

哈尔滨电气集团 佳木斯电机股份有限公司章程 (经公司 2024 年年度股东大会审议通过) 目 录 第一章 总则 第一条 为确立哈尔滨电气集团佳木斯电机股份有限公司（以下简称"公司"）的法律地位， 规范公司的组织与行为，坚持和加强党的全面领导，坚持权责法定、权责透明、协调运转、 有效制衡的公司法人治理结构，建设中国特色现代国有企业制度，维护公司、股东和债权人 的合法权益，根据《中华人民共和国公司法》（以下简称《公司法》）、及《中华人民共和 国证券法》（以下简称《证券法》）、《中华人民共和国企业国有资产法》、《企业国有资 产监督管理暂行条例》、《国有企业公司章程制定管理办法》等有关法律、法规、规章及规 范性文件，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司前身阿城继电器股份有限公司 1993 年 8 月 28 日经黑龙江省哈尔滨市股份制协调领 导小组哈股领办字（1993）第 4 号文件批准，由阿城继电器厂独家发起，定向募集内部职工 股方式设立股份有限公司，在哈尔滨市工商行政管理局注册登记，取得营业执照，营业执照 号 230199100006207。公司于 1999 年 6 月 ...