Core Viewpoint - Lingyun Co., Ltd. has experienced a stock price decline recently despite a significant year-to-date increase, indicating potential volatility in the automotive parts sector [1][2]. Financial Performance - For the first half of 2025, Lingyun Co., Ltd. achieved a revenue of 9.261 billion yuan, representing a year-on-year growth of 3.61% [2]. - The net profit attributable to shareholders for the same period was 433 million yuan, reflecting an increase of 8.46% year-on-year [2]. Stock Market Activity - As of October 17, Lingyun's stock price was 12.51 yuan per share, with a market capitalization of 15.292 billion yuan [1]. - The stock has increased by 56.67% year-to-date but has seen a decline of 8.89% over the last five trading days [1]. - The company has appeared on the "龙虎榜" (a stock trading leaderboard) twice this year, with the most recent net buy of 4.5978 million yuan on April 9 [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 33.15% to 46,400, with an average of 25,976 circulating shares per shareholder, a decrease of 2.33% [2]. - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from several funds [3]. Business Overview - Lingyun Co., Ltd. specializes in the production and sales of automotive parts (91.23% of revenue) and plastic pipeline systems (5.27% of revenue) [1]. - The company was established in April 1995 and went public in August 2003 [1].

Core Viewpoint - Lingyun Co., Ltd. has experienced a stock price decline of 2.07% on October 16, 2023, with a current price of 12.79 CNY per share, despite a year-to-date increase of 60.18% [1] Financial Performance - For the first half of 2025, Lingyun achieved a revenue of 9.261 billion CNY, representing a year-on-year growth of 3.61%, and a net profit attributable to shareholders of 433 million CNY, up 8.46% year-on-year [2] - The company has distributed a total of 1.689 billion CNY in dividends since its A-share listing, with 837 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 33.15% to 46,400, while the average circulating shares per person decreased by 2.33% to 25,976 shares [2] - Notable institutional shareholders include Yongying Advanced Manufacturing Mixed Fund, which increased its holdings by 27.84 million shares, and Hong Kong Central Clearing Limited, which raised its stake by 8.07 million shares [3] Market Activity - The stock has seen significant trading activity, with a total turnover of 1.02 billion CNY on October 16, 2023, and a turnover rate of 0.66% [1] - Lingyun has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on April 9, 2023, where it recorded a net buy of 4.5978 million CNY [1]

Core Viewpoint - Lingyun Co., Ltd. has shown significant stock performance with a year-to-date increase of 61.05%, despite recent declines in the short term [1][2]. Financial Performance - For the first half of 2025, Lingyun Co., Ltd. achieved a revenue of 9.261 billion yuan, representing a year-on-year growth of 3.61% [2]. - The net profit attributable to shareholders for the same period was 433 million yuan, reflecting an increase of 8.46% year-on-year [2]. Stock Market Activity - As of October 15, Lingyun's stock price was 12.86 yuan per share, with a market capitalization of 15.72 billion yuan [1]. - The stock has experienced a recent decline of 7.61% over the last five trading days and 6.06% over the last twenty days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading volume) twice this year, with the latest appearance on April 9, where it recorded a net buy of 4.5978 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders increased by 33.15% to 46,400, while the average number of circulating shares per person decreased by 2.33% to 25,976 shares [2]. - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from several funds [3]. Business Overview - Lingyun Co., Ltd. specializes in the production and sales of automotive parts and plastic pipeline systems, with automotive parts accounting for 91.23% of its revenue [1]. - The company was established in April 1995 and went public in August 2003 [1].

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

Core Viewpoint - The announcement details the shareholding changes of Lingyun Industrial Co., Ltd. due to the increase in shares by its controlling shareholder, Lingyun Group, which has successfully completed its share buyback plan within the specified timeframe [2][4]. Summary by Sections Share Buyback Plan - On April 9, 2025, Lingyun Group announced a plan to increase its shareholding in the company, intending to invest between 80 million yuan and 100 million yuan, with a maximum purchase price of 19 yuan per share, over a period of six months [2]. Shareholding Changes - As of May 30, 2025, and July 9, 2025, Lingyun Group had cumulatively increased its shareholding by 2,690,580 shares (3,497,754 shares post-capital reserve conversion) and 2,862,855 shares, respectively, raising its total shareholding percentage to 44.07% by September 30, 2025 [3][4]. Implementation Results - By September 30, 2025, Lingyun Group had acquired a total of 5,553,435 shares (6,360,609 shares post-capital reserve conversion), representing 0.52% of the total share capital, with a total investment of approximately 80.02 million yuan, achieving the lower limit of its buyback plan [4]. Compliance and Legal Framework - The share buyback was conducted in accordance with the relevant laws and regulations, including the Securities Law of the People's Republic of China and the Management Measures for the Acquisition of Listed Companies, ensuring that the buyback did not trigger mandatory tender offer requirements [9].

Core Viewpoint - Kiekert, a global leader in automotive locking systems, has filed for temporary bankruptcy, which has shocked its Chinese shareholder, Lingyun Group, who intends to provide funding to rescue the company [1][2]. Group 1: Company Situation - Kiekert has submitted bankruptcy applications for two core domestic companies in Germany, which employ a total of 700 workers [2]. - The company has a global workforce of 4,500 employees and holds a 21% market share, with one in three vehicles worldwide equipped with Kiekert locking systems [2]. Group 2: Shareholder Response - Lingyun Group aims to retain control over Kiekert AG and Kiekert Holding GmbH, expressing intentions to eliminate the causes of bankruptcy and meet creditor demands [1]. - Lingyun emphasizes the importance of Kiekert as a traditional German enterprise and is negotiating with courts and creditors to ensure liquidity and stabilize the company's long-term future [1].

证券代码：600480 证券简称：凌云股份 公告编号：2025-062 凌云工业股份有限公司 持股 5%以上股东权益变动跨越 1%刻度 暨控股股东增持公司股份结果的公告 | 权益变动方向 | 比例增加 | 比例减少□ | | --- | --- | --- | | 权益变动前合计比例 | 43.83% | | | 权益变动后合计比例 | 44.07% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ 否 | | | 是否触发强制要约收购义务 | 是□ 否 | | 增持计划实施结果： 截至 2025 年 9 月 30 日，凌云集团累计增持本公司股份 5,553,435 股，资 本公积转增股本后为 6,360,609 股，占本公司总股本的 0.52%，累计增持金额约 8,001.68 万元（不含交易费用），达到增持计划拟增持金额区间下限。截至本公 告日，凌云集团增持期间届满，本次增持计划实施完毕。 1 一、增持主体的基本情况 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： 已披露增持计 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8 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:010-65527227 网址/Website:www.kangdalawyers.com 北京市康达律师事务所 关于北方凌云工业集团有限公司 增持凌云工业股份有限公司 股份之法律意见书 二〇二五年九月 法律意见书 北京市康达律师事务所 关于北方凌云工业集团有限公司 增持凌云工业股份有限公司 股份之法律意见书 康达法意字[2025]第 0517 号 敬启者： 北京市康达律师事务所（以下简称"本所"）接受委托，根据《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称 "《证券法》"）、《上市公司收购管理办法》（以下简称"《收购管理办法》"） 等法律、行政法规和规范性文件，就凌云工业股份有限公司（以下简称"公司"） 控股股东北方凌云工业集团有限公司（以下简称"凌云集团"）拟增 ...

Core Viewpoint - Lingyun Group has completed its share buyback plan, increasing its stake in Lingyun Co., Ltd. to 44.07% as of September 30, 2025 [1] Summary by Relevant Sections Shareholding Changes - From July 9, 2025, to September 30, 2025, Lingyun Group cumulatively increased its holdings by 2,862,855 shares [1] - As of September 30, 2025, the total shares acquired by Lingyun Group reached 5,553,435, resulting in a capital reserve conversion to share capital of 6,360,609 shares, which represents 0.52% of the total share capital of the company [1] Financial Impact - The total amount spent on the share buyback was approximately 80.02 million yuan (excluding transaction fees), achieving the lower limit of the planned buyback amount [1]

Group 1 - The core point of the news is that Lingyun Industrial Co., Ltd. has seen a stock price increase of 5.18%, reaching 14.61 CNY per share, with a trading volume of 4.97 billion CNY and a market capitalization of 178.59 billion CNY as of September 25 [1] - Lingyun's main business involves the production and sales of automotive parts, which accounts for 91.23% of its revenue, while plastic pipeline systems contribute 5.27%, and other segments account for 3.56% [1] Group 2 - Among the top shareholders of Lingyun, a fund under Southern Fund has increased its holdings in Lingyun by 182.65 thousand shares, bringing its total to 791.49 thousand shares, which represents 0.66% of the circulating shares [2] - The Southern Military Reform Flexible Allocation Mixed A Fund (004224) has achieved a year-to-date return of 19.8% and a one-year return of 37.31%, ranking 4538 out of 8173 and 4153 out of 8003 in its category, respectively [2] Group 3 - The fund manager of Southern Military Reform Flexible Allocation Mixed A is Zou Chengyuan, who has been in the position for 4 years and 164 days, with the fund's total asset size at 56.14 billion CNY [3] - During Zou's tenure, the best fund return was 13.96%, while the worst return was -6.61% [3]