Core Points - The first meeting of the 11th Board of Directors of Huayu Automotive Systems Co., Ltd. was held on June 27, 2025, in Shanghai, with all 9 directors present, confirming compliance with relevant laws and regulations [1][2] Group 1: Board Elections - Wang Xiaoqiu was elected as the Chairman of the 11th Board of Directors with unanimous support [1] - The Strategic and ESG Sustainable Development Committee members elected include Wang Xiaoqiu, Jia Jianxu, Xu Ping, Zhang Weijiong, and Yu Zhuoping, with Wang Xiaoqiu also elected as the committee's chairman [1][2] - The Audit Committee members elected are Lü Qiuping, Yin Yande, and Rui Mingjie, with Lü Qiuping elected as the committee's chair [2] - The Nomination, Remuneration, and Assessment Committee members elected are Rui Mingjie, Zhang Weijiong, and Yu Zhuoping, with Rui Mingjie elected as the committee's chair [2] Group 2: Management Appointments - Xu Ping was appointed as the General Manager, with a term consistent with the current Board of Directors [2][3] - Xu Linhua and Bu Xinwen were appointed as Deputy General Managers, and Mao Weijian was appointed as the Chief Financial Officer, all with terms consistent with the current Board [2][3] - Qiao Qiwei was appointed as the Secretary of the Board of Directors, with a term consistent with the current Board [3] Group 3: Management Profiles - Xu Ping, born in May 1969, has extensive experience in various managerial roles within the automotive industry, currently serving as the General Manager of Huayu Automotive [5] - Xu Linhua, born in August 1967, has held several senior positions in automotive companies and is currently the Deputy General Manager [5][6] - Bu Xinwen, born in September 1977, has a background in management within the automotive sector and is currently a Deputy General Manager [6] - Mao Weijian, born in June 1976, is a senior accountant with experience in financial management, currently serving as the Chief Financial Officer [6] - Qiao Qiwei, born in November 1975, has a background in party affairs and is currently the Secretary of the Board of Directors [6]

Meeting Details - The shareholders' meeting was held on June 27, 2025, at the Shanghai Automotive Group Training Center [1] - The meeting was conducted with both on-site and online voting, complying with the Company Law and Articles of Association [1] - The chairman of the meeting was Mr. Wang Xiaoqiu, and all board members, supervisors, and the board secretary attended [1] Voting Results - All non-cumulative voting proposals were approved with significant majority support, including: - Proposal for cash dividend distribution of 8.00 yuan per share (before tax), totaling approximately 2.52 billion yuan [1] - Voting results showed 99.8166% approval for the cash dividend proposal [1] - The total share capital as of December 31, 2024, was 3,152,723,984 shares [1] Legal Compliance - The meeting's procedures, including the qualifications of attendees and voting processes, were confirmed to be in accordance with the Company Law and relevant regulations [3] - Lawyers Fu Yangyuan and Wei Xi verified the legality and validity of the voting results [3]

Core Insights - The "2025 Global Automotive Supply Chain Core Enterprise Competitiveness White Paper" was released, highlighting the performance of automotive parts companies, particularly those from China, amidst a challenging global market [1][2]. Group 1: Global Automotive Supply Chain Rankings - In the 2025 global automotive supply chain top 100 list, the number of Chinese companies increased by 4 to a total of 17, marking a historical high [2]. - New entrants to the list include Sailun Group, Desay SV, Tuopu Group, and Ningbo Huaxiang [2][3]. - Sailun Group's overseas revenue reached 23.81 billion yuan, accounting for 75% of total revenue, driven by its global strategy and product innovation [2]. Group 2: Company Performance - Desay SV reported a 26% year-on-year revenue growth in 2024, with its smart cockpit business contributing 66% of total revenue [2]. - Tuopu Group achieved a revenue of 26.6 billion yuan, ranking 95th globally, with a 35% year-on-year growth attributed to product line expansion and customer structure optimization [3]. - Ningbo Huaxiang's revenue reached 26.32 billion yuan, with over 50% growth in its independent brand business [3]. Group 3: Challenges in the Global Market - Despite the growth of Chinese companies, global automotive parts sales generally declined due to stagnation in global vehicle sales and unmet expectations for electric vehicle penetration [3]. - Bosch maintained its top position for the 14th consecutive year, but its revenue fell by 21.53 billion yuan in 2024 [4]. - Major international suppliers like Continental and ZF also experienced revenue declines, with ZF's automotive business revenue dropping by 50.43 billion yuan [4]. Group 4: Profitability of Chinese Companies - Chinese automotive parts companies reported the highest profit margins globally, with an EBITDA margin of 5.7%, outperforming Europe and South Korea [5]. - For instance, CATL's revenue decreased by 32.25 billion yuan, yet its net profit increased by 15% to 50.745 billion yuan, reflecting a profit margin improvement to 14% [5].

证券代码：600741 证券简称：华域汽车 公告编号：临 2025-017 华域汽车系统股份有限公司 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： 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 6 月 27 日 (二)股东大会召开的地点：上海汽车集团股份有限公司培训中心（上海市虹口区 同嘉路 79 号）3 号楼 3 楼报告厅 (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 | 521 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,231,104,809 | | 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 | 70.7675 | | 份总数的比例（%） | | (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。 1、 议案名称：2024 年度董事会工作报告 审议结果：通过 表决情况： | 股东 | 同 ...

北京市嘉源律师事务所 关于华域汽车系统股份有限公司 2024 年年度股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 师事务 P N LAW OFFICES 北京 BEIJING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:华域汽车系统股份有限公司 北京市嘉源律师事务所 关于华域汽车系统股份有限公司 2024 年年度股东大会的 法律意见书 嘉源(2025)-04-480 北京市嘉源律师事务所(以下简称"本所")接受华域汽车系统股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》"》《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法 律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《华域汽 车系统股份有限公司章程》(以下简称"《公司章程》")的有关规定,指派本所律 师对公司 2024年年度股东大会(以下简称"本次股东大会")进行见证,并依法 出具本法律意见书。 本所及经办律师依据《中华人民共和国证券法》《律 ...

证券代码：600741 证券简称：华域汽车 公告编号：临 2025-018 （同意 9 票，反对 0 票，弃权 0 票） 华域汽车系统股份有限公司 第十一届董事会第一次会议决议公告 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第十一届董事会第一次会议于 2025 年 6 月 27 日在上海市同嘉路 79 号会议室召开。本次会议通知已于 2025 年 6 月 17 日以专人送达、邮件等方式发出。会议应参加董事 9 名，实到董事 9 名。会议的召开及程序符合《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： 一、关于选举公司董事长的议案； 选举王晓秋先生为公司第十一届董事会董事长。 二、关于选举公司董事会战略与 ESG 可持续发展委员会委员的 议案； 选举王晓秋先生、贾健旭先生、徐平先生、张维炯先生、余卓平 先生为公司第十一届董事会战略与 ESG 可持续发展委员会委员，任 期与本届董事会任期一致。 （同意 9 票，反对 0 票，弃权 0 票） 三、关于选举公司董事会战略与 ESG 可持 ...

Group 1 - The "2025 Global Automotive Supply Chain Core Enterprise Competitiveness White Paper" was released, highlighting that 17 Chinese automotive parts companies made it to the global top 100 list, with CATL, Weichai Group, and Huayu Automotive in the top 20 [1] - The automotive parts industry is experiencing three major trends: the relative stability of leading companies, growth driven by mergers and acquisitions, and an increase in the number of Chinese companies in the global supply chain [1] - The impact of intelligence and electrification is reshaping the automotive parts industry, with leading companies accelerating global expansion to tap into new growth opportunities [1] Group 2 - Chinese automotive parts companies face both historic opportunities and multiple challenges in their internationalization efforts [2] - A structural change occurred in 2024, where vehicle exports surpassed parts exports, influenced by geopolitical factors and the restructuring of global supply chains [2] - The global competition in the automotive industry is not just between companies but also involves the competition of industrial ecosystems, requiring collaboration and resource sharing for comprehensive breakthroughs [2]

Market Overview - A-shares experienced a significant rise with over 4600 stocks increasing in value, as the Shanghai Composite Index surpassed 3400 points, gaining 1% [1] - The Shenzhen Component Index rose by 1.45%, and the ChiNext Index increased by 1.94%, with a total trading volume exceeding 925 billion yuan, an increase of over 240 billion yuan compared to the previous day [1] Company Specifics: Huasheng Co., Ltd. - Huasheng Co., Ltd. resumed trading and opened at the limit-up price, but quickly fell by 14.8% within three minutes, eventually closing down by 4.33% [3] - The company announced plans to acquire 100% of Yixin Technology through a combination of stock issuance and cash payment, aiming to transition from traditional industries to strategic emerging industries [5] - Huasheng's stock price has increased by 55.49% year-to-date, with a trading volume of 617 million yuan, marking the highest single-day trading volume since February 2024, and a turnover rate of 20.13% [6] - The company's recent financial performance has been underwhelming, reporting a net loss of 49 million yuan in the 2024 annual report and a continued loss of 13 million yuan in the first quarter of this year, attributed to rising interest expenses and operational costs [6] Industry Developments: Intelligent Driving - Guangzhou's government issued a three-year action plan to promote the development of intelligent connected new energy vehicles, targeting that by 2027, over 90% of new vehicles will be L2 or higher level [7] - The plan includes incentives for the production of autonomous vehicles, with rewards of up to 50 million yuan for qualifying models [7] - The intelligent driving sector saw a collective rise, with related indices increasing by over 2%, and significant capital inflow into the sector [7] - Tesla launched its Robotaxi service in Texas, charging only $4.2 per ride, indicating a growing focus on the scalability of autonomous driving technology [11] - A report predicts that the intelligent vehicle sector will experience rapid earnings growth, with the potential for a "Davis Double" effect by 2025 [11] Valuation Insights - Among the 120 stocks in the intelligent driving and vehicle networking sector, the median rolling P/E ratio is 47.46, with several stocks, including Huayu Automotive and Yutong Bus, having P/E ratios below 20 [12] - Huayu Automotive has the lowest rolling P/E ratio at 8.51, indicating potential undervaluation [12] Institutional Holdings - Several stocks in the intelligent driving sector have attracted significant interest from social security funds, with 17 stocks receiving heavy investments totaling 7.971 billion yuan [14] - Yutong Bus has been a consistent favorite, with its stock being heavily held for seven consecutive quarters, reflecting strong institutional confidence [14]

Core Viewpoint - The 2024 Annual General Meeting of Huayu Automotive Systems Co., Ltd. outlines the company's operational strategies, financial performance, and future plans, emphasizing the importance of maintaining shareholder rights and efficient meeting procedures [1][2][3]. Meeting Procedures - Shareholders must register in advance to attend the meeting, and no gifts will be distributed to ensure equal treatment [1][2]. - Questions from shareholders can be submitted during a preparatory meeting, and responses will be provided collectively [2]. - The voting process will combine on-site and online methods, with results announced publicly [2][3]. Financial Performance - In 2024, the company reported a slight increase in revenue to CNY 168.85 billion, up 0.15% from 2023 [23]. - Net profit attributable to shareholders decreased by 7.26% to CNY 6.69 billion, with basic earnings per share dropping to CNY 2.122 [23][33]. - The company’s return on equity fell to 11.17%, down from 13.03% in the previous year [23]. Business Strategy - The company is focusing on new market opportunities in smart and electric vehicle technologies, including smart cockpits and electric drive systems [11][12][13]. - It aims to enhance its core competitiveness by accelerating innovation and project application in response to market trends [11][12]. - The company plans to increase its market share in the new energy vehicle sector, which accounted for 75% of its new business orders by the end of 2024 [16]. Future Plans - For 2025, the company intends to strengthen its customer management system and enhance collaboration with key clients in the new energy and autonomous vehicle markets [23][25]. - The focus will be on improving operational efficiency and risk management through digital transformation and supply chain optimization [26]. - The company aims to complete 70% of its digital factory construction goals by the end of the "14th Five-Year Plan" [26].

华域汽车系统股份有限公司 2024 年年度股东大会资料 华域汽车系统股份有限公司 2024 年年度股东大会资料 2025 年 6 月 27 日 1 华域汽车系统股份有限公司 2024 年年度股东大会资料 华域汽车系统股份有限公司 2024 年年度股东大会会议须知 为了维护投资者的合法权益，确保股东大会的正常秩序和议 事效率，根据《公司法》《证券法》《华域汽车系统股份有限公司 章程》等有关规定，特制定本须知： 一、为保证股东大会的严肃性和正常秩序，切实维护与会股 东（或授权代表）的合法权益，务请有出席股东大会资格的相关 人员事先办理参会登记手续，并准时参会。股东大会正式开始后， 终止现场参会登记。股东大会设秘书处，具体负责大会有关事宜。 二、股东（或授权代表）出席大会，依法享有发言权、咨询 权、表决权等各项权利。请出席股东大会的相关人员遵守股东大 会秩序，维护全体股东合法权益。公司不向参会股东发放任何形 式的礼品，以平等对待所有股东。 三、股东要求提问的，可在预备会议时向大会秘书处登记， 并填写提问登记表。公司将统一回答股东提出的问题，如问题涉 及与本次股东大会议题无关或将泄露公司商业秘密或有损公司、 股东共同 ...