智通财经4月28日电，均胜电子(600699.SH)公告称，2025年第一季度实现营业收入约146亿元，同比增 长约9.78%。实现归属于母公司所有者的净利润为3.4亿元，同比增长约11.1%。 均胜电子：一季度净利润3.4亿元 同比增长约11.1% ...

均胜电子：拟8.12亿元认购香山股份不超3288万股股票 智通财经4月28日电，均胜电子(600699.SH)公告称，公司拟通过自有资金或自筹资金的方式认购香山股 份向本公司发行的不超过32,879,402股股票，发行价格为24.69元/股，交易金额预计不超过8.12亿元，相 关资金拟全部用于香山股份补充流动资金。本次发行完成后，公司对香山股份的持股比例将提升至 43.95%，有助于强化公司与香山股份在汽车零部件业务方面的战略协同效应。 ...

Group 1: Industry Overview - As of April 25, over 180 automotive parts companies in A-shares disclosed their 2024 annual reports, with 60% of companies reporting year-on-year growth in net profit attributable to shareholders, and 13 companies achieving over 100% growth [1] - In 2024, China's automotive production and sales reached 31.28 million and 31.44 million units respectively, marking year-on-year increases of 3.7% and 4.5%, benefiting many automotive parts manufacturers [1] - The automotive parts industry is experiencing both high growth and high pressure, with some companies facing performance declines due to intensified industry competition [2] Group 2: Company Performance - Shuanglin Co., specializing in interior and exterior parts, achieved a revenue of 4.91 billion yuan, a year-on-year increase of 18.64%, and a net profit of 497 million yuan, up 514.49% [1] - Taited Co., a precision bearing manufacturer, reported total revenue of 340 million yuan, a 23.13% increase, and a net profit of 24.95 million yuan, up 216.53% [1] - Xiling Power's automotive parts business saw revenue of 1.75 billion yuan, a 15.38% increase, and a net profit of 50.61 million yuan, turning around from losses [2] - Xinzhi Group reported total revenue of 5.918 billion yuan, a 28.22% increase, but a net profit decline of 91.32% due to competitive pressures [2] - Summer Precision achieved revenue of 666 million yuan, a 26.09% increase, but faced significant margin pressure in its automotive gear segment [3] Group 3: Strategic Shifts - Many automotive parts companies are pivoting towards the humanoid robotics industry as a core strategic direction, leveraging existing technologies and customer relationships to create a "second growth curve" [3][4] - Summer Precision is focusing on the humanoid robotics sector, positioning it as a core growth area, and is accelerating the development of industrial robot gear through IPO funding [3] - Top Group is establishing an electric drive division to capitalize on opportunities in the robotics sector, integrating various resources for rapid development [4] - Companies like Xiling Power and WanTong Intelligent Control are also entering the humanoid robotics field, utilizing their technological advantages in precision processing and sensor technology [5][6] Group 4: R&D and Innovation - Shuanglin Co. has made significant advancements in precision transmission technology, establishing a trial production line for planetary roller screw products, which are critical for humanoid robots [5] - Xinzhi Group's subsidiary is focusing on core components for humanoid robots, having initiated collaborations with leading companies in the field [6] - Summer Precision is increasing investments in precision small gears and reducers to support the rapid development of humanoid robots [6]

Core Insights - The 2025 Shanghai Auto Show showcased Joyson Electronics' commitment to innovation in automotive technology, emphasizing their new immersive smart cockpit solution, JoySpace+, and various key components for robotics and energy management [1][2][4] Group 1: Company Overview - Joyson Electronics aims to leverage a global perspective to enhance its future growth, with a projected revenue exceeding 55.8 billion yuan in 2024 and over 60% of its business coming from overseas [1] - The company has secured over 80 billion yuan in new orders, indicating strong market demand and confidence in its product offerings [1] Group 2: JoySpace+ Smart Cockpit - JoySpace+ integrates multiple innovative technologies to provide an immersive and personalized driving experience, combining visual, auditory, tactile, and voice interactions [2][3] - The cockpit features user-defined controls, a foldable steering wheel, and advanced safety technologies, enhancing both user experience and driving safety [2][3] Group 3: Robotics and Key Components - Joyson Electronics is expanding into the robotics sector, focusing on innovative key components and intelligent data training, positioning itself as a "Tier 1" supplier in the automotive and robotics industries [4][8] - The company introduced several robotics components, including a power battery management system and sensor kits, showcasing its technological advancements in this field [4][7] Group 4: Automotive Safety Innovations - Joyson Electronics presented new safety products, including an adaptive electric seatbelt and a driver monitoring system, aimed at enhancing vehicle safety in response to the rise of assisted driving technologies [10][11] - The company emphasizes a three-tiered safety approach, integrating physical, data, and ecological defenses to ensure the safety of global families during travel [10][11] Group 5: Future Mobility Solutions - The company is addressing the evolving needs of automotive electronics by introducing advanced computing units and controllers that simplify vehicle architecture and enhance performance [9][10] - Joyson Electronics is also focusing on electric vehicle solutions, showcasing a comprehensive range of energy management systems and power electronics [10]

本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 716 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 672,797,016 | | 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 | 48.5688 | | 份总数的比例（%） | | 注：截至 2025 年 4 月 15 日，扣除回购股份专用证券账户持股数量后，公司有表决权的股份 总数为 1,385,244,448 股。 证券代码：600699 证券简称：均胜电子 公告编号：临 2025-032 宁波均胜电子股份有限公司 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： (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。 本次会议由董事长王剑峰先生主持，会议的召集、召开及表决方式符合《中 华人民共和国公司法》、《上海证券交易所股票上市规则》、《公司章程》及《股东 大会议事规则》等有关规定。 (一) 股东大会召开的 ...

北京金诚同达（上海）律师事务所 关于 宁波均胜电子股份有限公司 2024 年年度股东大会的 法律意见书 上海市浦东新区世纪大道88号金茂大厦18层 电话：86-21-3886 2288 传真：86-21-3886 2288*1018 北京金诚同达（上海）律师事务所 法律意见书 北京金诚同达（上海）律师事务所 关于宁波均胜电子股份有限公司 2024 年年度股东大会的 法律意见书 金沪法意[2025]第 088 号 致：宁波均胜电子股份有限公司 北京金诚同达（上海）律师事务所（以下简称"本所"）接受宁波均胜电子 股份有限公司（以下简称"均胜电子"或"公司"）的聘请，指派本所律师出席 公司 2024 年年度股东大会（以下简称"本次股东大会"），并对会议的相关事 项出具法律意见书。 本所律师根据《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》"）、《上市公司股东会规则》 （以下简称"《股东会规则》"）、《律师事务所从事证券法律业务管理办法》 《律师事务所证券法律业务执业规则（试行）》等有关法律、法规和规范性文件 的要求以及《宁波均胜电子股份有限公司章程》（以下简称" ...

均胜电子 2025041720250416 摘要 • 均胜电子 2024 年营收 559 亿元，同比持平，归母净利润 9.6 亿元略有下 滑，但扣非归母净利润 12.8 亿元，同比增长近 30%，主营业务毛利率达 16.3%，同比增 1.8 个百分点，经营能力改善。 • 2024 年第四季度营收 147 亿元，同比环比微增；归母净利润 0.2 亿元同 比环比大幅下滑，但扣非后利润 3.4 亿元，盈利能力持续好转。安全业务 营收 386 亿元，毛利率增 2.3 个百分点至 14.8%；汽车电子业务营收 166 亿元，毛利率 19.7%，同比增长 0.6 个百分点。 • 2024 年国内营收 141 亿元，同比增长 6.7%，毛利率 19.7%，同比增加 两个多点；国外营收 414 亿元，同比下滑，毛利率涨 1.3 个百分点至 15.2%。国内业务持续贡献增量，全球化布局赋能国内主机厂出海。 • 2024 年新增订单全生命周期金额 839 亿，汽车安全 574 亿创历史新高， 新能源汽车订单超 460 亿，占比超 55%，国内新订单约 350 亿，占比超 40%，覆盖新能源汽车 TOP10 客户。 • 海外汽车安 ...

Investment Rating - The report maintains an "Overweight" (OW) rating on Fuyao Glass and Minth, while downgrading Nexteer to "Neutral" due to its high exposure to the North American market [2][6]. Core Insights - The earnings estimates for the China auto parts industry have been revised down by 10-30% for 2025, reflecting the impact of increased tariffs and potential declines in North American auto production [2][5]. - The total tariff on auto parts imported from China to the US is projected to reach 73.4% effective May 3, 2025, which will significantly affect the cost structure for suppliers [5][14]. - The report anticipates a 6% increase in auto selling prices and a 6% decline in unit volume in North America over the next 12 months due to the tariff imposition [5][23]. Summary by Sections Earnings Revisions - Fuyao Glass's 2025E revenue is cut by 1% and earnings by 8% due to reduced VAT tax rebates and increased tariffs [27][28]. - Nexteer's earnings for 2025/26 are reduced by 30-33% due to a slowdown in North American sales [30]. - Minth's earnings are cut by 12% for 2025/26, reflecting the impact of the North American market slowdown and tariff hikes [31]. - Ningbo Tuopu's earnings are reduced by 11%/10% for 2025/26, factoring in lower revenue assumptions and margin reductions [32]. - Ningbo Joyson's earnings are cut by 28%/29% for 2025/26 due to lower revenue assumptions and margin reductions [34]. Revenue Exposure - Nexteer has 28% of its sales in China and 72% overseas, with over 50% of its sales coming from North America [20]. - Fuyao Glass has 55% of its sales in China and 45% overseas, with a significant portion of its exports affected by the new tariffs [20]. - Tuopu has 71% of its sales in China, with limited exposure to North America due to its recent production start in Mexico [20]. Valuation Comparisons - Fuyao Glass's price target is lowered from Rmb70 to Rmb65 based on revised earnings [36]. - Nexteer's price target is reduced from HK$8.0 to HK$4.5, reflecting a downgrade to Neutral [36]. - Minth's price target is lowered from HK$30 to HK$25 based on revised earnings [36].

本报记者 郭阳琛 石英婧 上海报道 （借助汽车零部件的制造经验，均胜电子决心跨界发展具身机器人。受访者/图） 4月11日，在披露2024年财报后，宁波均胜电子股份有限公司以下简称"均胜电子"，600699.SH)召开了 业绩说明会。 对此，均胜电子方面表示，2024年四季度，公司对欧洲区业务战略规划进行了调整，强力推进欧洲区业 务资源整合，尤其是在德国地区削减约600名研发、管理、生产等人员，同时还关闭德国阿沙芬堡工厂 和罗马尼亚周边的卫星工厂。 "期间发生一次性重组整合费用约4.5亿元，如剔除本次一次性重组整合费用影响，公司2024年第四季度 主营业务盈利能力保持持续增强。"均胜电子管理层解释称。 记者了解到，结合全球汽车及零部件行业的发展趋势和新业务订单量产情况，均胜电子正持续推动海外 产能向最佳成本国家/地区（东南亚、非洲等）和中国转移。 均胜电子管理层表示，公司及时精简整合欧洲、美洲区域产能，优化提升其产能利用率，特别是加强全 球平台性项目的产能规划，利用亚洲区优秀运营管理能力和经验以及供应链优势，通过全球布局、平台 化设计及精益生产等方式，提升产品利润率。 例如，均胜电子将罗马尼亚方向盘的相关产能转 ...

宁波均胜电子股份有限公司 2024 年年度股东大会会议资料 宁波均胜电子股份有限公司 2024 年年度股东大会 会议资料 2025.04.22 宁波均胜电子股份有限公司 2024 年年度股东大会会议资料 | 目 录 | | --- | | 年年度股东大会须知 2 2024 | | --- | | 2024 年年度股东大会议程 3 | | 议案投票表决办法 5 | | 议案一：2024 年度董事会工作报告 6 | | 议案二：2024 年年度报告及摘要 17 | | 年度监事会工作报告 18 议案三：2024 | | 议案四：2024 年度财务决算报告 24 | | 年度利润分配预案 25 议案五：2024 | | 议案六：关于预测 2025 年度日常关联交易的议案 26 | | 议案七：关于公司发行超短期融资券、短期融资券和中期票据的议案 34 | | 议案八：关于提请股东大会授权董事会全权办理公司及其子公司向有关金融机构申 | | 请综合授信融资的议案 35 | | 议案九：关于续聘毕马威华振会计师事务所（特殊普通合伙）的议案 36 | | 议案十：关于为董事、监事及高级管理人员等购买责任险的议案 39 | ...