Core Insights - Hubei Huayang Automotive Transmission System Co., Ltd. reported a significant decline in revenue for the first three quarters of 2025, with a total revenue of 241 million yuan, down 32.55% from 357 million yuan in the same period last year [2] - The company achieved a net profit of 236,200 yuan, marking a turnaround from a loss of 13.8 million yuan in the previous year, representing a year-on-year growth of 101.71% [2][4] Revenue Breakdown - The decline in revenue is primarily attributed to three factors: 1. Revenue from aluminum ingots was zero, a 100% decrease from 156 million yuan in the previous year, as the company did not engage in aluminum ingot sales this year [3] 2. Revenue from new energy vehicle components reached 161 million yuan, an increase of 28.75% from 125 million yuan last year, driven by a rise in orders for new energy products [3] 3. Revenue from traditional automotive components was 78 million yuan, a slight increase of 7.05% from 73 million yuan in the previous year, with a modest rise in orders for heavy-duty commercial vehicle components [3] Profitability Factors - The net profit growth of 101.71% is attributed to several reasons: 1. The company ceased aluminum ingot sales, which had previously incurred a loss of 5.8 million yuan, leading to improved gross margins [4] 2. Increased other income from government subsidies and reduced bad debt provisions from accounts receivable factoring contributed positively to net profit [4] 3. Financial expenses decreased by 1.4663 million yuan due to the repayment of financing lease equipment, enhancing net profit [4] 4. Adjustments in product structure and small-batch supply of new products positively impacted overall gross margins [4] Company Overview - Hubei Huayang is located in Shiyan, Hubei Province, focusing on high-end processing and lightweight research of automotive components. Its main products include components for traditional commercial vehicle transmission systems, new energy power systems, passenger vehicle components, and recycled aluminum alloy ingots. Key clients include BYD Auto, Dongfeng Commercial Vehicle, and Shaanxi Fast Automobile Transmission Group [4]

证券代码：920146 证券简称：华阳变速 公告编号：2025-088 湖北华阳汽车变速系统股份有限公司 第十届董事会第五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 10 月 24 日 2.会议召开地点：公司会议室 （一）审议通过《关于公司 2025 年第三季度报告的议案》 1.议案内容： 3.会议召开方式：现场召开 根据有关法律、法规及规范性文件的规定，公司编制了《2025 年第三季度 报告》，第三季度报告中的财务信息已经公司审计委员会事先审议通过，现提交 董事会审议。 4.发出董事会会议通知的时间和方式：2025 年 10 月 13 日以书面通知方式发 出 5.会议主持人：陈敬平先生 6.会议列席人员：尚宗新（董事会秘书）、曹菲（财务负责人） 7.召开情况合法合规的说明： 本次会议召集、召开、议案审议程序等方面符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》的有关规定。 （二）会议出席情况 会 ...

证券代码：920146 证券简称：华阳变速 公告编号：2025-087 湖北华阳汽车变速系统股份有限公司 关于变更持续督导保荐代表人的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 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个 别及连带法律责任。 附件： 原保荐代表人熊又龙先生因工作变动原因，不再负责公司持续督导工作。为 保证持续督导工作的有序进行，长江保荐决定委派毛欣女士（简历详见附件）接 替熊又龙先生担任持续督导保荐代表人，继续履行持续督导职责和义务。 本次保荐代表人变更不影响长江保荐对公司的持续督导工作。变更后，长江 保荐负责公司持续督导工作的保荐代表人为仝金栓先生和毛欣女士。 公司董事会对熊又龙先生担任公司保荐代表人期间所做的工作表示衷心感 谢！ 特此公告。 湖北华阳汽车变速系统股份有限公司 董事会 2025 年 10 月 13 日 湖北华阳汽车变速系统股份有限公司（以下简称"公司"）于 2025 年 10 月 13 日收到公司保荐机构长江证券承销保荐有限公司（以下简称"长江保荐"） 出具的《长江证券承销保荐有限公司关于变更持续督导保荐代表人的报告》。 ...