Investment Rating - The investment rating for the automotive industry is "Positive" and maintained [9] Core Insights - The wholesale sales of passenger vehicles in Q4 2025 are expected to be approximately 8.76 million units, a year-on-year decrease of 1% but a quarter-on-quarter increase of 14%. The profitability in Q4 may show differentiation compared to the same period last year, with expectations for a quarter-on-quarter improvement [2][5] - The revenue from automotive parts is anticipated to grow steadily quarter-on-quarter, but profitability may face pressure due to factors such as raw material costs and exchange rates [2][5] - The wholesale sales of heavy trucks are projected to be 314,000 units in Q4 2025, representing a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [2][5] - The overall sales of buses are expected to see a significant quarter-on-quarter increase during the peak season, with sales of large and medium buses reaching 44,000 units, a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [2][5] - The total sales of motorcycles are estimated to be around 4.73 million units in Q4 2025, reflecting a year-on-year increase of 11.0% but a quarter-on-quarter decrease of 6.2% [2][6] Summary by Sections Passenger Vehicles - Q4 2025 wholesale sales are expected to be about 8.76 million units, down 1% year-on-year but up 14% quarter-on-quarter. New energy vehicle sales are projected at 4.84 million units, up 13% year-on-year and 21% quarter-on-quarter [5] Automotive Parts - Revenue is expected to grow steadily quarter-on-quarter, but profitability may be pressured by raw material and exchange rate factors [5] Heavy Trucks - Q4 2025 wholesale sales are projected at 314,000 units, with a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [5] Buses - Large and medium bus sales are expected to reach 44,000 units in Q4 2025, with a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [5] Motorcycles - Total motorcycle sales are estimated at 4.73 million units in Q4 2025, reflecting an 11.0% year-on-year increase but a 6.2% quarter-on-quarter decrease [6]

格隆汇1月8日丨敏实集团(00425.HK)公告，为承接公司新定位新战略，公司更改其公司标志，即时生 效。现将公司的新旧标志对照如下： 新标志融合了"Minth"的首字母"M"与"Worldwide"的首字母"W"，象征着公司的全球拓展与持续蜕变。通 过融合"M"与"W"共通的韵律精髓，将其转化为三条连续的线条，此设计象征着支撑公司发展的三大支 柱：技术实力、全球网络与前瞻动能。 ...

Compensation Details - The total compensation for the former CEO, Mr. Chen Binbo, for the year ended December 31, 2019, was RMB 3,189,000, which included RMB 2,614,000 in salary and other benefits, RMB 540,000 in discretionary or performance-related bonuses, and RMB 35,000 in retirement benefits[4] - The company did not pay any compensation to Mr. Chen as an incentive for joining or as severance upon leaving the company during the year ended December 31, 2019[4] Annual Report Information - The announcement does not affect any other information disclosed in the 2019 annual report, which remains unchanged[5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：425） 更改公司標誌 敏實集團有限公司（「本公司」）宣佈，為承接本公司新定位新戰略，本公司更改其公 司標誌，即時生效。現將本公司的新舊標誌對照如下： MINTH GROUP LIMITED 敏實集團有限公司 新標誌將印列於本公司的企業文件上，包括但不限於中期及年度報告、公告、通 函、新聞稿及宣傳刊物。 – 1 – 更改標誌不影響本公司現有股東的任何權利。所有印有舊標誌的現有本公司已發行 股票證書將繼續是本公司股票所有權的有效憑證，可繼續用作買賣、交收、註冊及 交付；因此不會就現有股票證書提供任何換領印有本公司新標誌的新股票證書安 排。本公司將繼續發行庫存中印有舊標誌的現有股票證書，直至用盡所有現有股票 證書為止。此後，本公司將發行印有新標誌的股票證書。 承董事會命 敏實集團有限公司 魏清蓮 主席 香港，二零二六年一月八日 截至本公告日期，董事會成員包括：執 ...

Core Viewpoint - Ningbo Peiyuan Co., Ltd. has received acceptance for its IPO application on the Beijing Stock Exchange, with sponsorship from Zhongtai Securities and auditing by Rongcheng Accounting Firm [2]. Financial Performance - Revenue projections for Peiyuan Co. are as follows: CNY 551 million for 2022, CNY 610 million for 2023, CNY 652 million for 2024, and CNY 332 million for the first half of 2025 [2]. - Net profit forecasts are: CNY 69.22 million for 2022, CNY 75.82 million for 2023, CNY 59.63 million for 2024, and CNY 34.69 million for the first half of 2025 [2]. Shareholder Structure - Major shareholders include Yu Peijun (26.07%), Zhang Peiqin (24.74%), Yu Keyu (39.55%), and Tian Yu (0.37%), collectively holding 90.73% of the company [3][4]. - The four major shareholders have signed a joint action agreement, ensuring they act in concert regarding shareholder decisions [4]. Corporate Governance - Yu Peijun has been the Chairman and General Manager since the company's inception, indicating significant influence over operational and managerial decisions [4][5]. - The company has a stable management team with extensive experience in the automotive parts industry [7][8][9][10][11].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 敏實集團有限公司 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00425 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本總 ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 香港联交所最新资料显示，2025年12月31日，集团首席财务官张玉霞减持敏实集团（00425）1万股，每 股作价31港元，总金额为31万港元。减持后最新持股数目为74万股，最新持股比例为0.06%。 香港联交所最新资料显示，2025年12月31日，集团首席财务官张玉霞减持敏实集团（00425）1万股，每 股作价31港元，总金额为31万港元。减持后最新持股数目为74万股，最新持股比例为0.06%。 责任编辑：卢昱君 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

香港联交所最新资料显示，2025年12月31日，集团首席财务官张玉霞减持敏实集团(00425)1万股，每股 作价31港元，总金额为31万港元。减持后最新持股数目为74万股，最新持股比例为0.06%。 ...

智通财经APP获悉，香港联交所最新资料显示，2025年12月31日，集团首席财务官张玉霞减持敏实集团 (00425)1万股，每股作价31港元，总金额为31万港元。减持后最新持股数目为74万股，最新持股比例为 0.06%。 ...

智通财经APP讯，敏实集团(00425)发布公告，于2025年12月31日，该公司根据于2012年5月22日采纳的 购股权计划行使购股权而发行合共27.2万股股份。 ...