为规范公司募集资金管理，保护投资者合法权益，公司根据《北京证券交易 所股票上市规则》《北京证券交易所上市公司持续监管指引第 9 号——募集资金 管理》等相关规定，制定了《青岛三祥科技股份有限公司募集资金管理办法》。 公司已与保荐机构、存放募集资金的银行签署了募集资金三方监管协议，开设了 专门的银行专户对募集资金专户存储和使用，并对募集资金的使用实行严格的审 批程序，以保证专款专用。 证券代码：920195 证券简称：三祥科技 公告编号：2026-001 青岛三祥科技股份有限公司 关于募集资金专项账户完成销户的公告 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。 一、募集资金基本情况 2022 年 11 月 28 日，中国证券监督管理委员会出具《关于同意青岛三祥科 技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许可〔2022〕 3016 号），同意公司向不特定合格投资者公开发行股票的注册申请。2022 年 12 月 26 日，北京证券交易所出具《关于同意青岛三祥科技股份有限公司股票在北 京 ...

长江证券承销保荐有限公司 关于青岛三祥科技股份有限公司 募投项目结项并将节余募集资金永久补充流动资金的核查意见 长江证券承销保荐有限公司（以下简称"长江保荐"或"保荐机构"）作为 青岛三祥科技股份有限公司（以下简称"三祥科技"或"公司"）向不特定合格 投资者公开发行股票并在北京证券交易所上市的保荐机构，根据《北京证券交易 所上市公司持续监管办法（试行）》《北京证券交易所证券发行上市保荐业务管理 细则》《北京证券交易所股票上市规则》《北京证券交易所上市公司持续监管指引 第 9 号——募集资金管理》等有关规定，对公司募投项目结项并将节余募集资金 永久补充流动资金事项进行了核查，具体情况如下： 一、募集资金基本情况 2022 年 11 月 28 日，中国证券监督管理委员会出具《关于同意青岛三祥科 技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许可〔2022〕 3016 号），同意公司向不特定合格投资者公开发行股票的注册申请。2022 年 12 月 26 日，北京证券交易所出具《关于同意青岛三祥科技股份有限公司股票在北 京证券交易所上市的函》（北证函〔2022〕282 号），公司股票于 2022 年 ...

证券代码：920195 证券简称：三祥科技 公告编号：2025-113 青岛三祥科技股份有限公司 关于募投项目结项并将节余募集资金永久补充流动资金的公告 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。 青岛三祥科技股份有限公司（以下简称"公司"）于 2025 年 12 月 26 日召开 了第五届董事会第十九次会议，审议通过了《关于公司募投项目结项并将节余募 集资金永久补充流动资金的议案》，鉴于公司募集资金投资项目"汽车管路系统 制造技术改造项目"（以下简称"募投项目"）已达到预定可使用状态，公司拟对 募投项目进行结项，并将节余募集资金永久补充流动资金。现将相关情况公告如 下： 一、募集资金基本情况 2022 年 11 月 28 日，中国证券监督管理委员会出具《关于同意青岛三祥科 技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许可〔2022〕 3016 号），同意公司向不特定合格投资者公开发行股票的注册申请。2022 年 12 月 26 日，北京证券交易所出具《关于同意青岛三祥科技股份有限 ...

证券代码：920195 证券简称：三祥科技 公告编号：2025-112 青岛三祥科技股份有限公司 第五届董事会第十九次会议决议公告 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 12 月 26 日 2.会议召开地点：公司会议室 3.会议召开方式：现场会议结合通讯方式 5.会议主持人：公司董事长魏增祥 6.会议列席人员：公司高级管理人员 7.召开情况合法合规的说明： 本次董事会的召集、召开和议案审议程序符合《公司法》及《公司章程》的 有关规定，表决结果合法有效。 （二）会议出席情况 会议应出席董事 6 人，出席和授权出席董事 6 人。 董事魏杰因在国外以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于公司募投项目结项并将节余募集资金永久补充流动资金的 议案》 4.发出董事会会议通知的时间和方式：2025 年 12 月 22 日以通讯方式发出 本议案不涉及回避表决情况。 4.提交股东会表决情况： 本议案无需提交股东会审议 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company is experiencing high growth in Q3 2025, driven by its layout in new energy products, upgrades in intelligent manufacturing, and global capacity expansion [4][6] - The automotive hose market is expected to grow to 25.909 billion yuan by 2025, with new materials like nylon likely to replace traditional rubber due to lightweight trends [6] - The company has established a nylon pipe production line to meet the lightweight demands of new energy vehicles and is expanding its production capacity for air conditioning pipes [6] - The company is enhancing its competitive edge through automation and AI technology in production processes, aiming to improve efficiency and reduce costs [6] - The company has a strong market position, being the top seller of hydraulic brake rubber hoses in China, and is expanding its customer base to include high-end and new energy vehicle manufacturers [6] Financial Summary - Revenue for 2025 is projected to be 1.149 billion yuan, with a year-on-year growth rate of 19.01% [5] - The net profit attributable to the parent company is expected to reach 106 million yuan in 2025, reflecting a significant year-on-year growth of 64.93% [5] - Earnings per share (EPS) is forecasted to be 1.08 yuan in 2025, with a price-to-earnings (P/E) ratio of 19.94 [5][7] - The company’s return on equity (ROE) is projected to be 12.99% in 2025, indicating strong profitability [5][7]

证券代码：920195 证券简称：三祥科技 公告编号：2025-111 （一）实际授予基本情况 （二）实际授予结果明细表 1、授予股票期权在各激励对象间的分配情况如下表所示： | 序号 | 姓名 | 职务 | 获授的股票 期权数量 | 占授予股 票期权总 | 占目前公司总股 | | --- | --- | --- | --- | --- | --- | | | | | （万份） | 量的比例 | 本的比例 | | 1 | 魏增祥 | 董事长 | 6.70 | 2.23% | 0.07% | | 2 | 刘艳霞 | 董事、总经理 | 13.00 | 4.33% | 0.13% | | 3 | 魏杰 | 董事、副总经理 | 12.20 | 4.07% | 0.12% | | 4 | 王德庆 | 执行总经理 | 11.70 | 3.90% | 0.12% | | 5 | 李锴 | 副总经理、总工程师 | 10.70 | 3.57% | 0.11% | | 6 | 孙轶炜 | 副总经理 | 10.70 | 3.57% | 0.11% | | 7 | 吴洲凯 | 副总经理 | 10.70 | 3.57% | 0.11% ...

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - In October 2025, the penetration rate of new energy vehicles is expected to reach 60%, with approximately 1.32 million units sold, despite a 2% month-over-month decline in total retail sales of narrow-sense passenger vehicles [22] - Jiushi Intelligent has completed a $100 million B4 round of financing, marking it as the largest single-round financing in the Robovan sector in China [22] - Major automotive manufacturers are advancing in autonomous driving technology, with plans for L3 level and above by 2027-2030 [22] Market Performance - The A-share automotive sector outperformed the broader market, with a weekly increase of 0.92%, while the CSI 300 index fell by 0.43% [3][9] - The passenger vehicle segment saw a decline of 1.88%, while commercial vehicles increased by 3.11% [3] - Key players in the passenger vehicle sector include BYD, Great Wall Motors, and Li Auto, while commercial vehicle focus includes China National Heavy Duty Truck Group and FAW Liberation [3] Industry News - Notable developments include NIO's ES8 model surpassing 10,000 deliveries and a recall of 11,411 units of the 2024 MEGA model by Li Auto [22] - Partnerships are forming, such as Changan Automobile collaborating with JD.com to develop new energy unmanned intelligent vehicles [22] - Bosch has indicated potential production disruptions due to disputes with semiconductor manufacturer Anshi [22] Upstream Data Tracking - Key material prices are being monitored, including steel, aluminum, and lithium carbonate, which are critical for automotive manufacturing [24][25][27]

Core Viewpoint - The Beijing Stock Exchange (BSE) is focusing on optimizing its product system and enhancing market liquidity through the introduction of the North Exchange 50 ETF, which is expected to lower investment barriers and attract more capital into the market [2][6]. Group 1: Market Developments - The North Exchange 50 Index surged by 8.41% on October 29, closing at 1573.71 points, marking a significant increase in market activity with 19 stocks rising over 10% [2][5]. - The trading volume reached 34.9 billion yuan, the highest since September 9, indicating a strong recovery in market sentiment [5]. Group 2: Policy and Structural Changes - The BSE aims to enhance its index system and expedite the launch of the North Exchange 50 ETF, which is seen as a crucial step in improving the exchange's institutional framework [2][4]. - The China Securities Regulatory Commission (CSRC) is promoting high-quality development of the BSE, focusing on supporting innovative small and medium-sized enterprises [3][4]. Group 3: Investor Engagement and Market Liquidity - The introduction of the North Exchange 50 ETF is anticipated to attract passive investment funds, thereby increasing market liquidity and trading volume [2][6]. - The BSE plans to improve its service mechanisms and enhance communication and training to better support market participants [5]. Group 4: New Third Board Reforms - The New Third Board is undergoing reforms to address challenges such as declining financing amounts and reduced trading activity, with a focus on enhancing market structure and transparency [8]. - The BSE is working to strengthen its connection with the New Third Board, promoting a seamless capital market service for innovative SMEs [8].

Core Insights - Sanxiang Technology (920195) experienced a trading halt today, reaching the daily limit increase of 29.98% with a turnover rate of 20.22% and a total transaction amount of 325 million yuan [1][2] - The stock was highlighted on the North Exchange due to its significant price movement, with a net buying amount of 16.17 million yuan from various trading desks [2] Trading Activity - The top five trading desks contributed to a total transaction amount of 85.81 million yuan, with a buying amount of 50.99 million yuan and a selling amount of 34.82 million yuan, resulting in a net buying of 16.17 million yuan [2] - The largest buying desk was Dongya Qianhai Securities Co., Ltd. Suzhou Branch, with a buying amount of 13.27 million yuan, while the largest selling desk was China Galaxy Securities Co., Ltd. Nanjing Shanghai Road Branch, with a selling amount of 12.80 million yuan [2] Detailed Trading Desk Information - The top five buying desks and their respective amounts are as follows: - 1st: Dongya Qianhai Securities Co., Ltd. Suzhou Branch - 13.27 million yuan - 2nd: Donghai Securities Co., Ltd. Xiamen Jiahe Road Branch - 10.66 million yuan - 3rd: Dongguan Securities Co., Ltd. Chengdu Gaoshengqiao Road Branch - 9.74 million yuan - 4th: Guotai Junan Securities Co., Ltd. Shanghai Jiangsu Road Branch - 8.95 million yuan - 5th: Great Wall Securities Co., Ltd. Nanchang Fuzhou Road Branch - 5.43 million yuan [2] - The top five selling desks and their respective amounts are as follows: - 1st: China Galaxy Securities Co., Ltd. Nanjing Shanghai Road Branch - 12.80 million yuan - 2nd: Guoxin Securities Co., Ltd. Shenzhen Tairan Ninth Road Branch - 0.23 million yuan - 3rd: Founder Securities Co., Ltd. Hangzhou Pinglan Road Branch - 0.00 million yuan - 4th: CITIC Securities Co., Ltd. Beijing Dongcheng Branch - 0.05 million yuan - 5th: China Merchants Securities Co., Ltd. Shenzhen Xili Liuxian Avenue Branch - 0.00 million yuan [2]

Core Viewpoint - On October 29, 2025, Sanxiang Technology (920195) experienced a significant stock price increase of 29.98%, leading to its appearance on the trading leaderboard with a trading volume of 14.3064 million shares and a transaction value of 325 million yuan [1][2]. Group 1: Trading Performance - Sanxiang Technology's closing price reached 24.97 yuan, marking a notable rise in its stock value [1]. - The total trading volume for the day was 14.3064 million shares, with a total transaction amount of 325 million yuan [1]. - The leading buyer was Dongya Qianhai Securities Co., Ltd. Suzhou Branch, purchasing shares worth approximately 13.268 million yuan [2]. Group 2: Trading Participants - The top selling participant was China Galaxy Securities Co., Ltd. Nanjing Shanghai Road Securities Business Department, selling shares worth approximately 12.802 million yuan [2]. - Other notable buyers included Donghai Securities Co., Ltd. Xiamen Jiahe Road Securities Business Department and Dongguan Securities Co., Ltd. Chengdu Gaoshengqiao Road Securities Business Department, with purchases of approximately 10.658 million yuan and 9.744 million yuan, respectively [2].