（二）建立、健全公司长期、有效的激励约束机制，充分调动公司员工的积 极性，吸引和保留优秀管理人才和业务骨干，增强员工对公司各方面的认同度， 提高公司竞争力，促进公司持续、健康、稳定发展； （三）进一步完善公司的法人治理结构和股权结构，提高治理水平，充分体 现员工在公司日常经营与决策中的重要作用； （四）提高员工对公司的责任意识与忧患意识，进一步增强员工的凝聚力和 公司的发展活力，促进公司业绩提升。 江阴市恒润重工股份有限公司 2025 年员工持股计划管理办法 第一章 总则 第一条 为规范江阴市恒润重工股份有限公司（以下简称"恒润股份"或"公 司"）2025 年员工持股计划（以下简称"员工持股计划"、"本员工持股计划"、 "持股计划"）的实施，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《中国证监会关于上 市公司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）、《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》（以下简称"《监管 指引 1 号》"）等相关法律、行政法规、规章、规范性文件和《公司章程》之规 定，特制定本管理办 ...

Market Overview - The wind power equipment sector increased by 2.39% on October 29, with Jixin Technology leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Jixin Technology (601218) closed at 5.83, up 6.00% with a trading volume of 1.86 million shares and a turnover of 1.08 billion [1] - New Qianglian (300850) closed at 52.55, up 5.59% with a trading volume of 360,600 shares and a turnover of 1.86 billion [1] - Goldwind Technology (002202) closed at 15.67, up 4.68% with a trading volume of 1.57 million shares and a turnover of 2.42 billion [1] - Other notable performers include Hengrun Co. (603985) up 4.15%, Mingyang Smart Energy (601615) up 3.60%, and Riyue Co. (603218) up 3.35% [1] Capital Flow - The wind power equipment sector saw a net inflow of 209 million in main funds, while retail investors experienced a net outflow of 346 million [2][3] - New Qianglian had a main fund net inflow of 187 million, but retail investors had a net outflow of 187 million [3] - Jixin Technology experienced a main fund net inflow of 93.15 million and a retail net outflow of 137 million [3]

Core Viewpoint - Hengrun Co., Ltd. has completed its share repurchase plan, reaching the lower limit of the expected repurchase amount [1] Summary by Categories Share Repurchase Details - The company has repurchased a total of 3.7235 million shares, which accounts for 0.84% of the current total share capital [1] - The highest transaction price for the repurchased shares was RMB 16.35 per share, while the lowest was RMB 12.48 per share [1] - The total funds used for the repurchase amounted to RMB 50.0014 million, excluding transaction fees such as stamp duty and commission [1]

证券代码：603985 证券简称：恒润股份 公告编号：2025-089 公司于 2024 年 11 月 21 日召开第五届董事会第五次会议，审议通过了《关于 以集中竞价交易方式回购公司股份方案的议案》。公司董事会同意使用公司自有或 自筹资金以集中竞价交易方式回购公司部分人民币普通股（A 股），在未来适宜时 机用于公司股权激励或员工持股计划，回购资金总额不低于人民币 5,000 万元（含） 且不超过人民币 9,000 万元（含），回购股份的价格不超过人民币 20 元/股（含）， 具体回购数量以回购期满时实际回购的股份数量为准，回购股份期限为自公司董 事会审议通过回购方案之日起 12 个月内。具体内容详见公司分别于 2024 年 11 月 22 日、2025 年 3 月 6 日在上海证券交易所网站（www.sse.com.cn）上披露的《江 阴市恒润重工股份有限公司关于以集中竞价交易方式回购公司股份方案的公告》 （公告编号：2024-072）、《江阴市恒润重工股份有限公司关于以集中竞价交易方 式回购股份的回购报告书》（公告编号：2025-012）。 江阴市恒润重工股份有限公司 关于股份回购实施结果暨股份变动的公告 ...

Core Insights - The "Second Golden Unicorn Best Investment Advisor Selection" event is actively ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions aimed at enhancing the wealth management industry in China [1] Group 1: Investment Advisor Selection - The event provides a platform for investment advisors to showcase their capabilities and improve their services, fostering communication between outstanding advisors and the general public [1] Group 2: Top Stock Picks - On October 21, the top ten stocks by purchase frequency in the stock group included: 1. Zhongji Xuchuang (sz300308) 2. Junsheng Electronics (sh600699) 3. Zhaoyi Innovation (sh603986) 4. Sifangda (sz300179) 5. Hengrun Co., Ltd. (sh603985) 6. Sanhua Intelligent Control (sz002050) 7. SMIC (sh688981) 8. Shannon Chip (sz300475) 9. Inspur Information (sz000977) 10. Luxshare Precision (sz002475) [2] - The top ten stocks by purchase amount on the same day were: 1. Zhongji Xuchuang (sz300308) 2. Sanhua Intelligent Control (sz002050) 3. Hudian Co., Ltd. (sz002463) 4. Junsheng Electronics (sh600699) 5. Tianfu Communication (sz300394) 6. Wentai Technology (sh600745) 7. Xiling Information (sz300588) 8. Xian Dao Intelligent (sz300450) 9. SMIC (sh688981) 10. Xinwei Communication (sz300136) [3] Group 3: Trading Rules and Data - The event includes an investment capability evaluation segment divided into three groups: stock simulation, on-site ETF simulation, and public fund simulation configuration, with specific trading rules regarding holding proportions, maximum drawdown rates, and rebalancing frequency [5] - The data presented is based on simulated trading and is not reflective of actual trading situations, serving only as a reference [5]

Group 1: Nanjing Panda Case - Nanjing Panda has been involved in a false statement case leading to investor claims, with ongoing developments [1] - The company announced an expected net profit for 2023 between 16.19 million and 24.29 million CNY, but the actual reported net profit was a loss of 237.86 million CNY [1] - The discrepancy between the profit forecast and actual results has raised concerns about the accuracy of information disclosure [1] Group 2: Hengrun Shares Case - Hengrun Shares is facing a civil claim for market manipulation, with a case filed in Nanjing Intermediate People's Court [2] - The company’s stock price increased by 96.65% from July 29 to November 8, 2023, while the Shanghai Composite Index fell by 6.86% during the same period, indicating significant price manipulation [3] - Investors who traded Hengrun Shares between July 10 and December 27, 2023, may initiate claims for damages [4]

Core Viewpoint - Hengrun Co., Ltd. reported that its computing power business achieved operating revenue of 1,039.49 million yuan and a net profit of 22.46 million yuan in the first half of 2025, indicating a strong growth trajectory in this segment [1] Group 1 - The company has intensified its market customer development efforts and actively expanded financing channels [1] - The scale of the computing power business continues to grow, with performance contributions gradually increasing [1]

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]

Group 1 - The controlling shareholder, Jining City Investment Holding Group Co., Ltd., holds 127,848,826 shares of the company, accounting for 29.00% of the total share capital. After the pledge, the total pledged shares amount to 60,000,000, representing 46.93% of the shares held by Jining City Investment and 13.61% of the company's total share capital [2][3] - On October 15, 2025, Jining City Investment pledged 60,000,000 unrestricted circulating shares to Qingdao Bank Co., Ltd., Jining Branch, and the pledge procedures have been completed [2] - The pledged shares are not used as collateral for major asset restructuring performance compensation or other guarantees [2][3] Group 2 - The company has provided a guarantee for its wholly-owned subsidiary, Hengrun Ring Forging, with a credit limit of 200 million yuan for a period of 12 months [6] - The board of directors approved the guarantee for the subsidiary's financing needs, which aligns with the company's overall interests [10] - The total amount of guarantees provided by the company and its subsidiaries is 2,344 million yuan, accounting for 73.07% of the company's audited net assets for 2024 [10]

证券日报网讯10月16日晚间，恒润股份（603985）发布公告称，公司及下属子公司不存在违规担保和逾 期担保的情形。 ...