一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 根据中国证券监督管理委员会出具的《关于核准凌云工业股份有限公司非公 开发行股票的批复》（证监许可[2022]60 号）文件，公司向包括公司股东北方 凌云工业集团有限公司、中兵投资管理有限责任公司在内的 9 名特定对象非公开 发 行 股 票 153,503,893 股 ， 发 行 价 格 为 8.99 元 / 股 ， 募 集 资 金 总 额 1,379,999,998.07元，扣除各项发行费用人民币13,614,160.99元（不含增值税）， 实际募集资金净额人民币 1,366,385,837.08 元。立信会计师事务所（特殊普通 合伙）于 2022 年 3 月 8 日对本次发行的资金到位情况进行了审验，并出具了《凌 云工业股份有限公司非公开发行股票募集资金验资报告》（信会师报字[2022] 第 ZG10154 号）。 （二）募集资金使用情况及结余情况 截至 2025 年 6 月 30 日，募集资金累计使用及结余情况如下： 单位：元 证券代码：600480 证券简称：凌云股份 公告编号：2025-051 凌云工业股份有限公司 关于 2025 年半年度募 ...

证券代码：600480 证券简称：凌云股份 公告编号：2025-053 凌云工业股份有限公司 关于召开2025年第一次临时股东会的通知 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： 股东会召开日期：2025年9月10日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 （一）股东会类型和届次 2025年第一次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结 合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 10 日 14 点 召开地点：河北省涿州市松林店镇 凌云工业股份有限公司会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 10 日 至2025 年 9 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9 ...

南财智讯8月25日电，凌云股份发布2025年半年度报告，报告期实现营业收入92.61亿元，同比增长 3.61%；归属上市公司股东的净利润4.33亿元，同比增长8.46%；扣除非经常性损益后的归属于上市公司 股东的净利润3.74亿元，同比增长6.14%；基本每股收益0.36元。 ...

Summary of Lingyun Co., Ltd. Conference Call Company Overview - Lingyun Co., Ltd. is a leading enterprise in the high-end new energy battery shell sector, achieving revenue of 16.6 billion yuan from automotive metal and plastic components in 2023, with major clients including Tesla and FAW-Volkswagen, ensuring a solid foundation for revenue growth [2][5] Financial Performance - In 2023, Lingyun Co., Ltd. reported total revenue of 18.7 billion yuan, with automotive components contributing 16.6 billion yuan. The company has a substantial number of new orders each year, which supports future revenue growth [5] - Since 2019, the company has experienced a decline in gross and net profit margins due to industry restructuring and increased competition, alongside losses from its German subsidiary, Wadasaf. However, through resource integration and cost reduction measures, profitability is gradually recovering [2][5] Key Business Segments Lightweight Technology - Lingyun Co., Ltd. has made significant advancements in lightweight technology, particularly in hot forming and aluminum alloy core technology applications. Collaborations with GS Company from South Korea have allowed entry into the supply chains of FAW, BAIC, Audi, BMW, and others [6] - The acquisition of Wadasaf has enabled the company to master aluminum alloy core technology and expand into battery tray applications, establishing partnerships with BMW, Mercedes-Benz, and FAW-Volkswagen. Wadasaf is expected to return to profitability by 2026 [6] Robotics Business - The company is focusing on six-dimensional force sensors, essential for flexible control in robotics. In 2022, the sales volume of six-dimensional force sensors in China was 8,360 units, with the robotics sector accounting for 4,840 units. By 2027, sales are expected to exceed 84,000 units, with a market size surpassing 1.6 billion yuan and a compound annual growth rate of 50% [7] - Collaborations with the Hefei Institute of Material Science and the China National Machinery Industry Corporation are underway to develop these sensors and achieve low-cost mass production [7] Liquid Cooling Business - Lingyun Co., Ltd. is developing fluid pipeline business through its 50% joint venture, Yada Group, which is supported by Swiss company Georg Fischer. Revenue from this segment is projected to reach 6 billion yuan in 2024 [8] - The company is accelerating the development of data center liquid cooling products, including primary side liquid cooling products and polymer secondary side liquid cooling pipeline assemblies. Its wholly-owned subsidiary, Xuandan Lingyun, is also actively involved in liquid cooling pipeline systems, with expected revenue of 700 million yuan in 2024 [9] Future Outlook - The company anticipates that its main business will achieve a profit of 1 billion yuan by 2026, with emerging businesses like robotics and liquid cooling expected to contribute an additional 300 million yuan in profit. This could lead to a market capitalization increase of over 100% [3][10]

Group 1 - The automotive thermal management sector leads the market with a rise of 3.8% [1] - Rujing Technology saw a significant increase of 15.69% [1] - Huide Technology and Tenglong Co., Ltd. both experienced a rise of 10.02% [1] - Top Group, Sichuan Changhong, and Lingyun Co., Ltd. all recorded gains exceeding 9% [1]

从资金流向上来看，当日汽车零部件板块主力资金净流出13.56亿元，游资资金净流出3.31亿元，散户资 金净流入16.87亿元。汽车零部件板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 605228 | 神遺科技 | 17.47 | -5.26% | 22.64万 | 3.98亿 | | 603035 | 常熟汽饰 | 14.93 | -3.80% | 31.85万 | 4.79亿 | | 603023 | 威帝股份 | 4.46 | -3.46% | 33.50万 | 1.52亿 | | 002921 | 联诚精密 | 17.30 | -3.14% | 0 20.11万 | 3.51亿 | | 301529 | 福赛科技 | 79.80 | -2.93% | 3.91万 | 3.17亿 | | 300304 | 云意电气 | 12.66 | -2.54% | 50.37万 | 6.44亿 | | 603179 | 新泉股份 | 46.19 | -2.47% | 13.7 ...

Group 1 - Jintian Co., Ltd. has achieved a four-day consecutive increase in stock price [1] - Chuanrun Co., Ltd. has recorded a two-day consecutive increase in stock price [1] - Lingyun Co., Ltd. has reached the daily limit increase in stock price [1] Group 2 - Runhe Materials, New Zhoubang, Yongtai Technology, Liyuan Information, and Hongfuhan have also seen stock price increases [1]

Group 1 - The core viewpoint of the news is the significant surge in military stocks in the A-share market, with multiple stocks hitting the daily limit up [1] - A press conference is scheduled by the State Council Information Office on August 20, 2025, to discuss preparations for a military parade, which may influence investor sentiment towards military-related stocks [1] Group 2 - Notable stocks that reached the daily limit include Gaolan Co., Zhongke Haixun, Lingyun Co., Tiantong Co., and several others, indicating strong market interest in the defense sector [1] - The table lists various companies with their respective stock performance, showing significant year-to-date gains, such as Kesh Technology with a 335.85% increase and Gaolan Co. with a 53.47% increase [2] - The MACD golden cross signal formation suggests a positive trend for these stocks, reinforcing the bullish sentiment in the military sector [2]

Group 1: Liquidity and Scale of Cash Flow ETF - The cash flow ETF managed by Jiashi has a turnover rate of 1.72% and a transaction volume of 21.6932 million yuan [2] - As of August 15, the average daily transaction volume over the past week reached 87.7062 million yuan [2] - The latest scale of the cash flow ETF reached 1.263 billion yuan, marking a new high since its inception [2] - In the past week, the cash flow ETF saw an increase of 10.8 million shares, ranking first among comparable funds [2] - Over the last five trading days, the fund attracted a total of 369 million yuan in inflows [2] Group 2: Top Holdings and Market Performance - As of July 31, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index account for 57.66% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, and Gree Electric [2] - The performance of these stocks shows mixed results, with SAIC Motor up by 0.22% and China Aluminum down by 2.26% [4] - Recent market signals indicate positive trends, with the A-share market's daily trading volume exceeding 2 trillion yuan for three consecutive days [4] Group 3: Investment Strategy Insights - The core logic of the free cash flow strategy focuses on identifying companies with stable operations and sustainable cash generation capabilities [5] - High free cash flow is a prerequisite for corporate dividends, suggesting a potential for clearer market opportunities as policies are implemented [5] - Investors can also access the cash flow ETF through the Jiashi off-market connection (024574) to capitalize on these opportunities [5]

Investment Rating - The report maintains a "Buy" recommendation for the automotive industry [2] Core Insights - Global light vehicle sales in June reached approximately 7.39 million units, a year-on-year increase of 2.1%, while overseas sales totaled about 4.67 million units, reflecting a year-on-year decline of 3.5% [2] - The report anticipates that overseas light vehicle sales will be approximately 54.98 million units in 2025, representing a year-on-year decrease of 0.2% [5] - The report highlights a significant decline in overseas vehicle sales, particularly in North America and Europe, while China shows a positive growth trend [5] Summary by Sections 1. Industry: Sales, Exchange Rates, Freight - Global light vehicle sales in June were approximately 7.39 million units, with overseas sales at about 4.67 million units, down 3.5% year-on-year [2] - In June, North America sold 1.55 million units (down 4.5% year-on-year), Europe sold about 1.57 million units (down 7.7% year-on-year), and China sold 2.72 million units (up 13% year-on-year) [5] - The report projects that overseas light vehicle sales will decline by 0.2% in 2025, with North America expected to see a 1.5% decrease and Europe a 2.3% decrease [5] 2. Market Competition - The report discusses the competitive landscape, noting that major automakers are facing challenges due to geopolitical tensions and economic uncertainties [5] - It highlights the performance of leading companies in the global market, with a focus on their sales shares and competitive strategies [5] 3. Automotive and Parts Company Export Situation - The report provides insights into the export performance of domestic automotive manufacturers, indicating a growing trend in exports [5] - It lists companies with significant overseas revenue contributions, emphasizing their market positions and growth potential [5]