一、2024 年度董事会工作报告； 证券代码：600741 证券简称：华域汽车 公告编号：临 2025-002 华域汽车系统股份有限公司 第十届董事会第十六次会议决议公告 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。 华域汽车系统股份有限公司（以下简称"公司"）第十届董事会 第十六次会议于2025年4月27日在上海市威海路489号会议室召开。 本次会议通知已于 2025 年 4 月 17 日以专人送达、电子邮件等方式发 出。会议应参加董事 9 名，实到 9 名董事。会议符合《公司法》及 《公司章程》的有关规定。经审议，本次会议通过决议如下： （同意 9 票，反对 0 票，弃权 0 票） 二、2024 年度总经理工作报告； （同意 9 票，反对 0 票，弃权 0 票） 三、2024 年度独立董事述职报告； （同意 9 票，反对 0 票，弃权 0 票） 报告详见上海证券交易所网站 http://www.sse.com.cn。 四、关于会计政策变更的议案； 本议案会前已经公司董事会审计委员会审议通过。 （同意 9 票，反对 0 票 ...

●公司不触及《上海证券交易所股票上市规则（2024 年 4 月修 订）》第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示 的情形。 一、利润分配预案内容 证券代码：600741 证券简称：华域汽车 公告编号：临 2025-005 华域汽车系统股份有限公司 关于 2024 年度利润分配预案的公告 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: ●每股分配比例：每股派发现金红利 0.80 元（含税）； ●本次利润分配以实施权益分派股权登记日登记的总股本为基 数，具体日期将在权益分派实施公告中明确； ●在实施权益分派的股权登记日前公司总股本发生变动的，拟维 持每股分配比例不变，相应调整分配总额，并将另行公告具体调整情 况； | 项目 | 2024 年度 | 2023 年度 | 2022 年度 | | --- | --- | --- | --- | | 现金分红总额（元） | 2,522,179,187.20 | 2,364,542,988.00 | 2,774,397,105.92 | | 回购注销总额 ...

Financial Performance - The company's operating revenue for 2024 reached ¥168.85 billion, a slight increase of 0.15% compared to ¥168.59 billion in 2023[19] - The net profit attributable to shareholders for 2024 was ¥6.69 billion, representing a decrease of 7.26% from ¥7.21 billion in 2023[19] - The net cash flow from operating activities decreased by 28.07% to ¥8.14 billion in 2024, down from ¥11.32 billion in 2023[19] - The total assets of the company at the end of 2024 were ¥185.01 billion, an increase of 5.06% from ¥176.10 billion at the end of 2023[19] - The net assets attributable to shareholders increased by 7.40% to ¥62.04 billion at the end of 2024, compared to ¥57.77 billion at the end of 2023[19] - The basic earnings per share for 2024 were ¥2.122, down 7.26% from ¥2.288 in 2023[20] - The weighted average return on equity decreased to 11.17% in 2024, down from 13.03% in 2023, a reduction of 1.86 percentage points[20] - The net profit after deducting non-recurring gains and losses was ¥5.76 billion in 2024, a decrease of 11.45% from ¥6.50 billion in 2023[19] Market Position and Industry Trends - The domestic automotive industry saw a production and sales volume of 31.28 million and 31.44 million units respectively, with year-on-year growth of 3.7% and 4.5%[29] - New energy vehicle sales reached 12.87 million units, marking a significant year-on-year increase of 35.5% and a market share of 40.9%[29] - The company maintains a strong market position in automotive interior and exterior parts, with high domestic market share[30] - The company has established long-term cooperative relationships with major domestic automakers, enhancing its customer resource coverage[32] - The company is actively expanding its core business internationally, achieving a high market share in the global automotive interior market[33] Research and Development - The company has developed a comprehensive independent R&D system and localized synchronous development capabilities, focusing on "intelligent and electrified" technology trends[34] - The company has launched the XiM25 smart cockpit concept vehicle, showcasing integrated capabilities in interior, seating, safety, and electronics, with mass production support for key models from major automotive clients[36] - The company has completed the development of innovative technologies in the electric drive system, securing project allocations from multiple new energy vehicle manufacturers[38] - The total R&D expenditure was 6.19 billion RMB, accounting for 3.67% of operating revenue[51] - In 2024, the company applied for 1,361 patents, including 443 invention patents, and obtained 1,208 patent authorizations, with 488 being invention patents[53] Operational Efficiency and Cost Management - The company is focused on product upgrades and cost reduction to navigate market challenges[28] - The company is focusing on cost reduction and efficiency improvement through lean management and optimizing supply chain strategies[41] - Sales expenses decreased by 116 million RMB year-on-year, primarily due to a reduction in logistics and packaging costs[44] - Management expenses increased by 236 million RMB year-on-year, mainly due to higher operational and business restructuring costs[44] - R&D expenses decreased by 931 million RMB year-on-year, mainly due to reduced R&D investments[44] Environmental and Social Responsibility - The company invested 5,489.3 million CNY in environmental protection during the reporting period, primarily for fixed asset investments[120] - The company has established environmental protection mechanisms and complies with relevant pollution discharge standards[121] - The company has maintained its environmental pollution prevention facilities in good condition and effective operation[150] - The company has actively complied with environmental laws and regulations, conducting environmental impact assessments for investment projects[151] - The company has established a dual-carbon management professional team to implement carbon reduction strategies and ensure compliance with carbon emission quotas[156] Governance and Compliance - The company has established a governance structure that ensures clear responsibilities and effective checks and balances[84] - The company has not faced any incidents of insider information leakage during the reporting period, ensuring compliance with disclosure regulations[84] - The company has not faced any penalties from securities regulatory agencies in the past three years[96] - The company has implemented measures to maintain the independence of its assets, personnel, and operations, with no significant changes in competitive conditions reported[85] - The company has a structured decision-making system involving the shareholders' meeting, board of directors, supervisory board, and management[84] Shareholder Engagement and Dividends - The company distributed a cash dividend of 7.50 RMB per 10 shares, totaling 2,364,542,988.00 RMB, which accounts for 32.78% of the net profit attributable to shareholders in the 2023 consolidated financial statements[108] - The company declared a cash dividend of 8.00 CNY per 10 shares, totaling 2,522,179,187.20 CNY, which represents 37.70% of the net profit attributable to shareholders[111] - Over the last three accounting years, the cumulative cash dividend amounted to 7,661,119,281.12 CNY, with a cash dividend ratio of 108.88% based on the average annual net profit of 7,036,001,360.16 CNY[113] Related Party Transactions - The company expects a total of 14,500 million RMB in related party transactions for 2024, with actual transactions amounting to 7,821.624 million RMB in 2024[178] - The estimated amount for the "Commodity Supply Framework Agreement" is 12,200 million RMB, with actual transactions of 6,664.248 million RMB[178] - The company provided technical support and other comprehensive services to related parties, with an expected amount of 52 million RMB and actual transactions of 36.381 million RMB[178] Shareholder Structure - Shanghai Automotive Group holds 1,838,663,129 shares, representing 58.32% of total shares[199] - The top ten shareholders include state-owned entities and other institutional investors, with no pledged shares reported[199] - The company has a significant concentration of ownership, with the top shareholder holding over 58%[199]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 40.37 billion, representing a 9.06% increase compared to CNY 37.02 billion in the same period last year[4]. - Net profit attributable to shareholders was CNY 1.27 billion, a slight increase of 0.59% from CNY 1.26 billion year-on-year[4]. - The basic earnings per share for the period was CNY 0.403, reflecting a 0.50% increase from CNY 0.401 in the same period last year[4]. - Total operating revenue for Q1 2025 reached ¥40,374,295,818.16, an increase of 9.0% compared to ¥37,021,118,059.79 in Q1 2024[17]. - Net profit for Q1 2025 was ¥1,482,007,434.28, compared to ¥1,433,059,398.40 in Q1 2024, representing an increase of 3.4%[18]. - Earnings per share for Q1 2025 was ¥0.403, slightly up from ¥0.401 in Q1 2024[18]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 68.82% to CNY 2.07 billion, up from CNY 1.22 billion in the previous year[4]. - Operating cash flow for Q1 2025 was CNY 2,065,685,734.84, an increase of 68.8% compared to CNY 1,223,622,655.09 in Q1 2024[22]. - Total cash inflow from operating activities decreased to CNY 33,589,178,919.14 in Q1 2025 from CNY 35,273,262,779.77 in Q1 2024, representing a decline of 4.8%[22]. - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 35,353,370,611.70, down from CNY 41,189,021,101.11 at the end of Q1 2024[23]. - The company reported a cash inflow from sales of goods and services of CNY 33,208,020,276.63 in Q1 2025, a decrease of 4.6% from CNY 34,812,151,041.65 in Q1 2024[22]. - The company paid CNY 1,256,848,232.62 in taxes in Q1 2025, an increase of 6.8% compared to CNY 1,176,270,598.21 in Q1 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 182.86 billion, down 1.16% from CNY 185.01 billion at the end of the previous year[5]. - Total liabilities as of March 31, 2025, were CNY 116.18 billion, compared to CNY 118.03 billion at the end of 2024, marking a decrease of approximately 1.57%[13]. - The total assets as of March 31, 2025, were CNY 182.86 billion, down from CNY 185.01 billion, representing a decrease of about 1.16%[13]. - Total liabilities decreased to ¥115,399,681,207.00 in Q1 2025 from ¥118,885,602,584.13 in Q1 2024, a reduction of 4.2%[14]. - The equity attributable to shareholders increased by 2.19% to CNY 63.40 billion from CNY 62.04 billion year-on-year[5]. - Total equity increased to ¥67,463,771,077.11 in Q1 2025 from ¥66,120,355,539.80 in Q1 2024, marking a growth of 2.0%[14]. Investments and Expenses - Investment income for Q1 2025 was ¥660,330,576.91, up from ¥515,870,760.02 in Q1 2024, indicating a growth of 27.9%[17]. - Research and development expenses for Q1 2025 were ¥1,517,788,643.14, a decrease from ¥1,642,721,197.93 in Q1 2024, down by 7.6%[17]. - Cash outflow from investing activities in Q1 2025 was CNY 808,378,573.91, down from CNY 1,028,662,058.77 in Q1 2024, a reduction of 21.4%[23]. - The company experienced a net cash outflow from investing activities of CNY -518,503,356.63 in Q1 2025, slightly improved from CNY -528,020,175.65 in Q1 2024[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 61,199, with the largest shareholder holding 58.32% of the shares[9]. - The weighted average return on equity decreased by 0.13 percentage points to 2.03% from 2.16% year-on-year[4]. Other Information - Non-recurring gains and losses included government subsidies amounting to CNY 104.30 million, contributing positively to the financial results[6]. - The company reported a significant decrease of 100% in trading financial assets, primarily due to the redemption of bank wealth management products by subsidiaries[7]. - The company has not disclosed any new strategies or future outlook in the provided documents[11].

华域汽车（600741）公告，2024年营业收入1688.52亿元，同比增长0.15%。归属于上市公司股东的净利 润66.91亿元，同比下降7.26%。公司2024年度拟以实施权益分派股权登记日登记的总股本为基数分配利 润，拟向全体股东每10股派发现金红利8元(含税)。 ...

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、准确性和完整性依法承担法律责任。 上述事项的有序推进，有利于公司进一步优化调整业务结构，为公司聚焦主业、实现可持续发展奠定良 好基础。 合资公司在后续经营过程中可能面临一定的经营风险、市场风险、管理风险等，具有不确定性，敬请投 资者注意投资风险。 特此公告。 华域汽车系统股份有限公司董事会 2025年4月8日 2024年9月30日，公司发布《关于全资子公司拟签署"合资公司出资协议"的提示性公告》。公司全资子 公司华域汽车系统（上海）有限公司（以下简称：华域上海）与山西华翔集团股份有限公司（以下简 称：华翔股份）签署《共同设立合资公司之出资协议》等相关文件。华域上海拟以其持有的华翔圣德曼 （山西）汽车系统有限公司（以下简称：圣德曼山西）100%股权作价约18,390.75万元人民币（暂时约 定价）、华翔股份拟以现金约42,911.75万元人民币（暂时约定价）共同出资设立华翔圣德曼（上海）汽 车系统有限公司（以下简称：合资公司），主要从事汽车配套制动壳体/支架、转向节等铸铁产品铸造 和加工等业务。 具体内容详见公 ...

证券代码：600741 证券简称：华域汽车 公告编号：临 2025-001 华域汽车系统股份有限公司 关于全资子公司对外投资设立合资公司的进展公告 1 落地进程加快，有望取得实质性成果。 上述事项的有序推进，有利于公司进一步优化调整业务结构，为公司 聚焦主业、实现可持续发展奠定良好基础。 合资公司在后续经营过程中可能面临一定的经营风险、市场风险、管 理风险等，具有不确定性，敬请投资者注意投资风险。 特此公告。 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、准确性和完整性依法承担法律责任。 2024年9月30日，公司发布《关于全资子公司拟签署"合资公司出资协 议"的提示性公告》。公司全资子公司华域汽车系统（上海）有限公司（以 下简称：华域上海）与山西华翔集团股份有限公司（以下简称：华翔股份） 签署《共同设立合资公司之出资协议》等相关文件。华域上海拟以其持有 的华翔圣德曼（山西）汽车系统有限公司（以下简称：圣德曼山西）100% 股权作价约18,390.75万元人民币（暂时约定价）、华翔股份拟以现金约 42,911.75万元人民币（暂时约定价）共同出资设立华翔 ...

Group 1 - The global millimeter-wave radar market is projected to reach approximately $4.7 billion in 2024, up from $3.49 billion in 2022, indicating significant growth driven by advancements in autonomous driving technology [1][3] - By 2030, the market size is expected to expand to around $11.45 billion, reflecting the rapid penetration of millimeter-wave radar across various price segments in the automotive industry [3] - The demand for short- and mid-range millimeter-wave radar is the primary focus in the automotive market, with short- and mid-range mmWave accounting for 38% of the market share in 2023 [6] Group 2 - Level 3 autonomous vehicles typically utilize five millimeter-wave radars, while Level 5 vehicles are anticipated to employ eight radars, enhancing their sensing capabilities [5] - The current market composition for vehicle-mounted millimeter-wave radar includes 2% for LiDAR, 26% for camera modules, 34% for long-range mmWave, and 38% for short- and mid-range mmWave [6] - Major listed companies in the industry include Desay SV Automotive, Huayu Automotive Systems, Luxshare Precision, OFILM Group, Jingwei Hirain Technologies, and United Imaging [1]

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [2][6]. Core Views - The report highlights that the collaboration between SAIC Motor and Huawei is expected to open up growth opportunities for the company. This partnership aims to develop new energy smart vehicles through strategic cooperation in product definition, manufacturing, supply chain management, and sales services [6]. - The company's fundamentals are anticipated to improve alongside the recovery of SAIC Motor, with additional growth potential from collaborations with external companies like Seres and Chery [6]. - The report projects revenue for 2024, 2025, and 2026 to reach 1719.86 billion, 1780.72 billion, and 1844.15 billion respectively, with corresponding net profits of 62.6 billion, 69.76 billion, and 77.58 billion [6]. Financial Data and Forecasts - Revenue and profit forecasts indicate a slight growth trajectory, with 2023 revenue at 168.59 billion, expected to grow to 171.99 billion in 2024, and 178.07 billion in 2025 [6][11]. - The net profit for 2023 is projected at 7.21 billion, with a decline to 6.26 billion in 2024, followed by a recovery to 6.98 billion in 2025 and 7.76 billion in 2026 [6][11]. - The report provides a detailed breakdown of revenue by business segments, with significant contributions from functional assemblies and interior/exterior parts [8]. Valuation Metrics - The report estimates the price-to-earnings (P/E) ratio for 2024, 2025, and 2026 to be approximately 9.0, 8.0, and 7.2 respectively, suggesting a stable valuation outlook [6][9]. - The reasonable P/E range for the company is set between 9-10 times, translating to a fair value range of 17.87 to 19.86 yuan per share [6].

行业竞争激烈，华域汽车积极应对。根据华域汽车《2024 年7-12 月投资者主要关心问题汇总》， 公司坚持以市场需求为导向，积极应对汽车市场竞争加剧、客户需求波动加大、降价压力持续传导等挑 战，顺应新能源渗透率和自主品牌市占率持续上升的市场趋势，在稳固现有基盘业务基础上，加强对自 主品牌、新能源品牌、豪华品牌等增量市场的开拓力度，全力争取细分市场头部客户的关键项目和规模 项目，夯实公司业务增长基础，推动公司健康、可持续发展。 华域汽车(600741)：上汽华为合作有望打开华域成 长空间 上汽华为合作有望打开华域成长空间。根据上汽集团公众号，2025 年2 月21 日，上汽集团股份有 限公司与华为终端有限公司在上海签署深度合作协议。双方将在产品定义、生产制造、供应链管理、销 售服务等领域展开战略合作，打造全新新能源智能汽车。 华域汽车与上汽集团合作基础深厚。根据公司2024 年中报财务分析报告，上汽大众、上汽通用、 上汽乘用车业务分别占华域汽车营收的20%、7%和4%。同时，华域汽车也与华为合作车企形成了密切 关系。根据公司2024 年中报财务分析报告，赛力斯、奇瑞占华域营收的比例已经达5%和2%。 上汽集团的 ...