Group 1 - The company, Changchun Yidong (600148), is engaged in the production of automotive parts [1] - The company conducted a self-inspection and confirmed that its daily production and operational activities are normal [1] - There have been no significant changes in the market environment, industry policies, production costs, or sales that deviate from the overall industry level [1] - The internal management order of the company remains stable [1]

Core Viewpoint - The A-share market has seen a significant rise in military stocks, with multiple companies reaching their daily limit up, indicating strong investor interest and potential growth in the defense sector [1][2]. Group 1: Stock Performance - Companies such as Youyan Powder Materials, Changchun Yidong, Xuguang Electronics, and Julisi have all hit the daily limit up, showcasing a robust performance in the military sector [1]. - Notable stock increases include: - Youyan Powder Materials: up 10.10%, market cap of 4.146 billion [2] - Changchun Yidong: up 10.02%, market cap of 3.544 billion [2] - Xuguang Electronics: up 9.99%, market cap of 11.5 billion [2] - Julisi: up 9.99%, market cap of 7.718 billion [2] - Other companies like Jialiqi and Jingpin Special Equipment also saw increases exceeding 9% [1]. Group 2: Market Context - There are reports of discussions between some countries and China regarding weapon procurement plans, including the J-10 fighter jet, which may further stimulate the military stock market [2]. - The Ministry of Defense has expressed a cautious and responsible attitude towards military exports, indicating a willingness to share China's defense technology with friendly nations [2].

Group 1 - The major shareholder, FAW Equity Investment (Tianjin) Co., Ltd., held 31,864,231 shares, accounting for 22.5163% of the total share capital before the reduction plan [1][2] - The reduction plan aimed to sell up to 4,245,493 shares, which is no more than 3% of the total share capital [1] - The actual reduction during the plan period was 2,858,500 shares, with 1,415,100 shares sold through centralized bidding and 1,443,400 shares through block trading, resulting in a total amount of 52,824,291.00 yuan [2] Group 2 - The reduction took place from April 1, 2025, to June 27, 2025, with a share price range of 17.94 to 18.88 yuan per share [2] - After the reduction, the current holding of FAW Equity Investment is 29,005,731 shares, representing 20.4964% of the total share capital [2] - The actual reduction achieved was consistent with the previously disclosed reduction plan [2]

证券代码：600148 证券简称：长春一东 公告编号：2025-026 长春一东离合器股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持股份计划实施前，一汽股权投资（天津）有限公司（以下简称一汽 股权公司）持有长春一东离合器股份有限公司（以下简称公司）股票 31,864,231 股，占公司总股本的 22.5163%。 减持计划的实施结果情况 2025 年 3 月 10 日，公司披露了《股东减持股份计划公告》（公告编号： 2025-004），为补充一汽股权公司经营发展资金需要，一汽股权公司计划自 2025 年 3 月 31 日后的 3 个月内拟通过集中竞价交易和大宗交易方式减持公司股份合 计不超过 4,245,493 股，即不超过公司总股本的 3%。 近日，公司收到一汽股权公司发来的书面减持结果告知函，一汽股权公司在 减持计划期间内通过集中竞价及大宗交易方式合计减持所持公司股份 2,858,500 股，占公司目前总股本的 2.0199%，本次 ...

Core Insights - Changchun Yidong Clutch Co., Ltd. has successfully implemented a unique "1234 Work Method" to enhance team management and production efficiency in the increasingly competitive automotive parts industry [1][3][14] - The company has recognized the limitations of traditional management models and has adopted lean management principles to drive internal innovation and improve operational performance [4][6] Company Overview - Established in 1992, Changchun Yidong is a subsidiary of China Ordnance Industry Group, specializing in the research and manufacturing of automotive clutches, and is the first listed company in China's automotive clutch industry [2] - The company boasts strong technical research capabilities and offers a wide range of products applicable to various commercial and passenger vehicles, making it one of the largest and most comprehensive clutch production bases in the country [2] Challenges Faced - The company has faced significant challenges due to increased competition from new entrants in the market, necessitating cost control, shorter delivery times, and higher quality products to maintain market position [3] - Traditional management practices were found to be inadequate, leading to low production efficiency, frequent quality issues, and declining customer satisfaction [3] Implementation of Lean Management - In response to market pressures, the company initiated a comprehensive reform by introducing lean management, starting with the establishment of "lean seed teams" to drive change [4][5] - The lean management approach emphasizes the elimination of waste and the optimization of production processes, which has led to significant improvements in production efficiency and product quality [8][9] Results Achieved - Since the implementation of lean management, the company has reported a 15% reduction in production cycles, a 20% decrease in inventory, and a 19% reduction in equipment failure rates [14] - Quality improvements include a 24% reduction in quality losses and a 3% increase in first-pass yield, alongside a cost reduction of 139.42 million yuan [14][15] - Employee morale and cohesion have improved significantly, with the company receiving multiple awards for its management practices and employee engagement [14][15] Talent Development - The company has successfully trained 131 lean talents, including 6 green belts and 3 black belts, contributing to a skilled workforce capable of driving continuous improvement [15] - Various training programs and competitions have been established to foster a culture of innovation and improvement among employees [12][15]

Core Viewpoint - The automotive clutch market in China is experiencing steady growth driven by increasing vehicle ownership and demand for after-sales services, with the market size projected to reach 16.41 billion yuan by 2024, growing at a compound annual growth rate (CAGR) of 4.19% from 2021 to 2024 [1][19]. Industry Overview - The automotive clutch is a critical component of the vehicle transmission system, facilitating the separation and engagement of power between the engine and transmission [3][5]. - The clutch market is characterized by rapid technological updates in domestic manufacturing and a trend towards modular development [5][6]. Market Size and Growth - The Chinese automotive clutch market size is expected to grow from 14.509 billion yuan in 2021 to 16.41 billion yuan in 2024, with a projected market size of 18.51 billion yuan by 2028 [1][19]. - The global automotive clutch market is also expanding, with a projected growth from 11.2 billion USD in 2022 to 13 billion USD by 2026, reflecting a CAGR of 3.8% [17]. Key Players - Major domestic manufacturers include Changchun Yitong, Fuda Co., and Tieliu Co., which leverage scale and customer resources for competitive advantage [21]. - International companies such as ZF Group, Schaeffler Group, and Valeo are also investing in the Chinese market to capture market share [21]. Industry Chain - The upstream of the automotive clutch industry includes raw materials like steel and copper, while the midstream consists of manufacturing processes involving various components [9][10]. - The downstream market is linked to vehicle manufacturers and after-sales service, with demand closely tied to vehicle production and sales [13][14]. Development Trends - The industry is moving towards high-performance, lightweight products, with advancements in materials and smart clutch systems becoming increasingly prevalent [27]. - There is a shift towards localizing supply chains and integrating core components with system solutions, driven by the need for supply chain security [28][29].

长春一东离合器股份有限公司 董事会 2025 年 5 月 20 日 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。 为进一步加强与投资者的互动交流，长春一东离合器股份有限公司（以下简 称公司）将参加由吉林省证券业协会、深圳市全景网络有限公司共同举办的"2025 年吉林辖区上市公司投资者网上集体接待日活动"，现将有关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路 演 APP，参与本次互动交流。活动时间为2025年5月27日（周二）15:00-16:30。 届时公司董事兼总经理刘晓东、副总经理兼董事会秘书周勇、副总经理兼财务负 责人高英将在线就公司2024年度业绩、公司治理、发展战略、经营状况等投资者 关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 证券代码：600148 证券简称：长春一东 公告编号：2025-024 长春一东离合器股份有限公司 关于参加2025年吉林辖区上市公司投资 ...

长春一东离合器股份有限公司 证券代码：600148 证券简称：长春一东 公告编号：2025-023 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 13 日 (二)股东大会召开的地点：长春市高新区超然街 2555 号公司三楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 69 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 77,471,950 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 54.7441 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议由公司董事会召集，董事刘晓东主持，采取现场投票和网络投票相结合 的方式表决，表决方式符合《公司法》及《公司章程》的规定。 (五)公司董事、 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8 层、9 层、11 层 8/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 康达股会字【2025】第【0160】号 关于长春一东离合器股份有限公司 2024 年年度股东大会的法律意见书 康达股会字【2025】第【0160】号 二〇二五年五月 1 法律意见书 北京市康达律师事务所 关于长春一东离合器股份有限公司 2024 年年度股东大会的法律意见书 致：长春一东离合器股份有限公司 北京市康达律师事务所（以下简称"本所"）接受长春一东离合器股份有限公 司（以下简称"公司"）的委托，指派本所律师出席公司 202 ...