证券代码：603985 证券简称：恒润股份 公告编号：2026-006 江阴市恒润重工股份有限公司 2025年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次业绩预告的适用情形：净利润实现扭亏为盈。 二、上年同期经营业绩和财务状况 （一）利润总额：-15,900.80万元。归属于母公司所有者的净利润：-13,828.95万元。归属于母公司所有 者的扣除非经常性损益的净利润：-13,768.01万元。 （二）每股收益：-0.3137元。 三、本期业绩实现扭亏为盈的主要原因 ● 经江阴市恒润重工股份有限公司（以下简称"公司"）财务部门初步测算，预计2025年度实现归属于母 公司所有者的净利润为6,500.00万元到8,000.00万元，与上年同期相比，将实现扭亏为盈；预计2025年度 实现归属于母公司所有者的扣除非经常性损益的净利润为7,000.00万元到8,500.00万元。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 经公司财务 ...

格隆汇1月29日丨恒润股份（维权）(603985.SH)公布，经公司财务部门初步测算，预计2025年度实现归 属于母公司所有者的净利润为6500万元到8000万元，与上年同期相比，将实现扭亏为盈；预计2025年度 实现归属于母公司所有者的扣除非经常性损益的净利润为7000万元到8500万元。 本期业绩实现扭亏为盈的主要原因：2025年度公司实现扭亏为盈，主要得益于公司风电板块业务的回 暖、风电大兆瓦法兰、轴承等新产品的产能释放与量产爬坡以及算力板块业务业绩贡献提升等。报告期 内，风电行业景气度回升，公司的风电板块业务订单和销售毛利均实现增长。同时，全资子公司江阴市 恒润环锻有限公司、江阴市恒润传动科技有限公司产能利用率显著提升，有效降低了单位生产成本。公 司积极调整产品结构，聚焦高附加值产品的研发与生产。公司子公司部分型号的新产品陆续通过认证， 逐步投向市场，其中风电大兆瓦法兰、主轴轴承产品已具备批量供应市场的能力，随着订单的增长，业 绩贡献不断显现。另一方面，报告期内，上海润六尺加大市场客户开发力度，积极拓展融资渠道，业务 规模持续增长，业绩贡献逐步提升。 ...

南财智讯1月29日电，恒润股份发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 6500.00万元—8000.00万元，预计同比扭亏；预计2025年全年归属于上市公司股东的扣除非经常性损益 的净利润为7000.00万元—8500.00万元。2025年度公司实现扭亏为盈，主要得益于公司风电板块业务的 回暖、风电大兆瓦法兰、轴承等新产品的产能释放与量产爬坡以及算力板块业务业绩贡献提升等。报告 期内，风电行业景气度回升，公司的风电板块业务订单和销售毛利均实现增长。同时，全资子公司江阴 市恒润环锻有限公司、江阴市恒润传动科技有限公司产能利用率显著提升，有效降低了单位生产成本。 公司积极调整产品结构，聚焦高附加值产品的研发与生产。公司子公司部分型号的新产品陆续通过认 证，逐步投向市场，其中风电大兆瓦法兰、主轴轴承产品已具备批量供应市场的能力，随着订单的增 长，业绩贡献不断显现。另一方面，报告期内，上海润六尺加大市场客户开发力度，积极拓展融资渠 道，业务规模持续增长，业绩贡献逐步提升。 ...

Core Viewpoint - Hengrun Co., Ltd. reported significant growth in revenue and profitability for the first half of 2025, driven by the recovery in the wind power sector and the performance of new products [1] Group 1: Financial Performance - The company achieved a revenue of 2.073 billion yuan, representing a year-on-year increase of 223.44% [1] - The net profit attributable to shareholders was 40.1665 million yuan, marking a turnaround from losses to profitability [1] Group 2: Business Drivers - The growth in revenue and profitability was primarily due to the recovery in the wind power segment, the ramp-up of production for large wind power flanges and bearings, and improved performance in the computing power segment [1] - The company experienced an increase in orders and gross sales margin in the wind power sector as industry conditions improved [1] Group 3: Operational Efficiency - The capacity utilization rates of wholly-owned subsidiaries Hengrun Ring Forging and Hengrun Transmission significantly improved, effectively reducing unit production costs [1]

Core Viewpoint - Hengrun Co., Ltd. reported a significant improvement in its performance for the first half of 2025, driven by the recovery in the wind power industry and the continuous growth of its computing power business, showcasing the effectiveness of its "wind power + computing power" dual-drive strategy [1] Group 1: Wind Power Business Performance - The global wind power industry continued to show resilience, with strong demand for high-specification components, leading to a robust recovery in Hengrun's wind power segment [2] - The company's wind power orders and sales gross profit increased simultaneously, with its subsidiaries achieving higher capacity utilization, effectively reducing unit production costs [2] - Hengrun's high-value products, such as large megawatt flanges and main shaft bearings, have begun mass production, contributing to improved profitability [2] - Hengrun is one of the few companies capable of manufacturing offshore wind turbine flanges of 12MW and above, solidifying its competitive advantage in high-end wind power components [2] - The company plans to invest 1.2 billion yuan in a new project to produce wind power gearbox components, enhancing its core product matrix and supporting long-term development [3] - The global wind energy council predicts that the global wind power installed capacity will reach 138GW in 2025, with an annual growth rate of 8.8% from 2025 to 2030, indicating a growing demand for high-precision wind power components [3] Group 2: Computing Power Business Development - Hengrun's computing power business has emerged as a second growth curve, with its subsidiary Shanghai Runliuchu Technology Co., Ltd. showing improved performance and contributing significantly to profits [4] - Shanghai Runliuchu focuses on the intelligent computing industry, including the sale of new intelligent computing servers and the construction and operation of computing centers, with rapid business growth [4] - The demand for computing power is increasing exponentially due to the deepening of China's digital economy strategy and the implementation of initiatives like "East Data West Computing" [4][5] - The company aims to accelerate its response to national policies supporting the digital economy and deepen strategic cooperation with major computing server manufacturers [5] Group 3: Future Outlook - With the acceleration of global energy transition and the deepening of the digital economy, Hengrun's two business segments are expected to form a synergistic growth pattern, driving sustainable and healthy growth in overall performance [6]

Core Insights - Hengrun Co., Ltd. reported a significant increase in revenue and profitability for the first half of 2025, with total revenue reaching 2.073 billion yuan, representing a year-on-year growth of 223.44% [1] - The company achieved a net profit attributable to shareholders of 40.1665 million yuan, marking a turnaround from previous losses [1] - Basic earnings per share were reported at 0.0911 yuan, indicating improved financial performance [1] Revenue Growth Drivers - The revenue growth was primarily driven by the recovery in the wind power sector, which contributed significantly to the overall performance [1] - The production ramp-up and capacity release of new products, including large megawatt flanges and bearings, played a crucial role in enhancing revenue [1] - The performance improvement in the computing power segment also contributed positively to the company's financial results [1]

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 35 million and 45 million yuan for the first half of 2025, marking a turnaround from a loss in the same period last year [1][2] - The net profit for the same period last year was a loss of 31.96 million yuan, with a total profit of -35.88 million yuan and a net profit excluding non-recurring gains and losses of -40.82 million yuan [1][2] - The main reasons for the turnaround include the release of production capacity for new products in the wind power sector and improved performance in the computing power segment [2] Group 2 - The wind power sector has seen a recovery in market conditions, leading to increased orders and gross profit for the company's wind power business [2] - The company's subsidiaries have significantly improved their capacity utilization rates, effectively reducing unit production costs [2] - The company has actively adjusted its product structure to focus on high value-added products, with new products gradually entering the market and contributing to performance [2]