一、董事会会议召开情况 | 证券代码：600818 | 证券简称：中路股份 | 公告编号：2025-041 | | | --- | --- | --- | --- | | 900915 | 中路 | B | 股 | 中路股份有限公司 十一届十五次董事会决议公告 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。 本次会议的召开符合《公司法》《公司章程》和《董事会议事规则》的有关 规定，会议合法有效。 （一）通知时间：由于本次事项紧急，董事会会议通知和材料于 2025 年 11 月 20 日以书面方式发出，会议召集人已在本次会议上就紧急召开本次会议的情况 进行了说明。 （二）召开时间：2025 年 11 月 21 日 方式：现场结合通讯方式召开 （三）应 出 席 董 事 ：6 人 实际出席董事：6 人 （四）主持：董事长陈闪 列席：董事会秘书朱智 财务负责人龚平 二、董事会会议审议情况 1、审议通过《关于向参股公司提供财务资助展期的议案》 表决结果：同意 6 票，反对 0 票，弃权 0 票。 为支持中路股份有限公司（以下简称"公司" ...

Market Overview - The motorcycle and other sectors experienced a decline of 1.47% on the trading day, with Zhenghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Notable stock performances include: - Ninebot Company (Code: 6006689) closed at 54.67, up 1.15% with a trading volume of 112,100 shares and a turnover of 617 million yuan [1] - Longxing General (Code: 603766) closed at 13.04, up 0.23% with a trading volume of 208,500 shares and a turnover of 272 million yuan [1] - Zhenghe Industrial (Code: 003033) closed at 60.15, down 5.63% with a trading volume of 24,300 shares and a turnover of 1.48 billion yuan [3] Capital Flow - The motorcycle and other sectors saw a net outflow of 232 million yuan from main funds, while retail investors contributed a net inflow of 162 million yuan [3][4] - Specific stock capital flows include: - Spring Power (Code: 603129) had a main fund net inflow of 27.96 million yuan, but a net outflow from retail investors of 33.78 million yuan [4] - Zhonglu Co. (Code: 600818) experienced a main fund net inflow of 4.86 million yuan, with retail investors contributing a net inflow of 3.37 million yuan [4] ETF Performance - The Food and Beverage ETF (Code: 515170) decreased by 1.88% over the last five days, with a current PE ratio of 20.86 and a net redemption of 31.43 million yuan [6] - The Gaming ETF (Code: 159869) fell by 3.98% over the last five days, with a PE ratio of 34.63 and a net redemption of 250 million yuan [6] - The Sci-Tech 50 ETF (Code: 588000) declined by 5.59% over the last five days, with a high PE ratio of 144.84 and a net subscription of 750 million yuan [6]

Core Insights - The motorcycle and other sectors experienced a rise of 2.28% on November 19, with Chuanfeng Power leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Sector Performance - Chuanfeng Power (603129) saw a closing price of 253.73, with a significant increase of 10.00% and a trading volume of 27,200 lots, amounting to 669 million yuan [1] - Longxin General (603766) closed at 13.40, up 6.43%, with a trading volume of 461,200 lots and a turnover of 611 million yuan [1] - Taotao Vehicle (301345) closed at 209.00, increasing by 3.14%, with a trading volume of 12,300 lots and a turnover of 256 million yuan [1] - Aima Technology (603529) closed at 31.68, up 1.08%, with a trading volume of 160,100 lots and a turnover of 190 million yuan [1] Capital Flow Analysis - The motorcycle and other sectors experienced a net outflow of 14.44 million yuan from main funds, while retail funds saw a net inflow of 21.75 million yuan [2] - The main funds showed a net inflow of 82.48 million yuan for Chuanfeng Power, while retail funds had a net outflow of 48.41 million yuan [3] - Taotao Vehicle had a net inflow of 33.16 million yuan from main funds, with a net outflow of 13.24 million yuan from retail funds [3]

Market Overview - The motorcycle and other sectors experienced a decline of 2.56% on November 17, with Ninebot Company leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers included Shanghai Phoenix (up 2.15% to 14.23), Zhenghe Industrial (up 1.96% to 69.68), and New Day Co. (up 1.45% to 14.71) [1] - Significant decliners included Ninebot Company (down 6.43% to 56.06), Chuncheng Power (down 4.71% to 230.95), and Jiangsu Qianjiang Motorcycle (down 1.98% to 15.88) [3] Capital Flow - The motorcycle and other sectors saw a net outflow of 291 million yuan from main funds, while retail investors contributed a net inflow of 173 million yuan [3][4] - New Day Co. had a main fund net inflow of 7.74 million yuan, while Shanghai Phoenix experienced a net outflow of 705.38 million yuan from speculative funds [4]

Core Viewpoint - The motorcycle and related sectors experienced a decline of 0.32% on November 14, with TaoTao Automotive leading the drop. The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1]. Group 1: Market Performance - The motorcycle sector saw a mixed performance among individual stocks, with notable gainers including Zhonglu Co., which rose by 6.98% to close at 11.49, and Linhai Co., which increased by 1.99% to 11.30 [1]. - TaoTao Automotive led the decline in the sector, falling by 2.38% to a closing price of 208.51 [2]. - Overall, the motorcycle and related sectors experienced a net outflow of 156.77 million yuan from main funds, while retail investors saw a net outflow of 1946.85 million yuan [2]. Group 2: Fund Flow Analysis - Main funds showed a net inflow into Zhonglu Co. of 61.62 million yuan, while retail investors had a net outflow of 50.86 million yuan [3]. - TaoTao Automotive had a net outflow of 330.62 million yuan from retail investors, indicating a significant withdrawal of interest [3]. - The overall fund flow indicates a trend where main funds are selectively investing in certain stocks while retail investors are pulling back from the sector [2][3].

Core Points - The Shanghai Composite Index is at 4017.68 points, above the six-month moving average, with a slight decline of 0.29% [1] - A total trading volume of A-shares reached 15648.48 billion yuan today [1] - 113 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the six-month moving average are: - Electric Investment and Financing (9.07%) - Jie Rong Technology (7.54%) - Annie Shares (4.91%) [1] - Other stocks with smaller deviation rates that have just crossed the six-month line include: - Baoland, Zhongnong Lihua, and Subote [1] Trading Data - The trading performance of selected stocks includes: - Electric Investment and Financing: +9.94% with a turnover rate of 2.09% - Jie Rong Technology: +10.00% with a turnover rate of 8.20% - Annie Shares: +6.44% with a turnover rate of 18.47% [1] - Additional stocks with notable performance include: - Yahua Electronics: +6.29% - Zhonglu Shares: +7.08% - Jinlihua Electric: +4.81% [1]

Core Viewpoint - The major shareholder of Zhonglu Co., Ltd., Shanghai Zhonglu (Group) Co., Ltd., has had all of its shares (22.6583 million shares, accounting for 7.05% of the total share capital) frozen due to a repurchase dispute [1] Summary by Relevant Sections Shareholder Information - Shanghai Zhonglu (Group) Co., Ltd. holds 22.6583 million shares, representing 7.05% of the total share capital of Zhonglu Co., Ltd. [1] Share Freeze Details - The number of shares frozen is 22.6583 million, which constitutes 100% of the shares held by the major shareholder and 7.05% of the company's total share capital [1] - As of November 11, 2025, a total of 19.8225 million shares have been frozen, representing 87.48% of the shares held by Zhonglu Group [1] - Additionally, 21.8094 million shares have been pledged, accounting for 96.25% of the shares held by Zhonglu Group [1] Company Governance - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, business, and organization [1] - The share freeze has not significantly impacted the company's governance structure; however, potential judicial disposal of shares could lead to a change in actual control of the company [1]

Group 1 - The core point of the article is that Zhonglu Co., Ltd. has announced that approximately 19.82 million shares held by its shareholder, Zhonglu Group, have been frozen as of the announcement date [1] - As of January to December 2024, the revenue composition of Zhonglu Co., Ltd. is as follows: bicycle wholesale and retail accounts for 71.35%, electric bicycle manufacturing accounts for 21.81%, real estate leasing and warehousing accounts for 4.4%, and others account for 2.44% [1] - The current market capitalization of Zhonglu Co., Ltd. is 3.4 billion yuan [1]

| 900915 | | 中路 | B 股 | | --- | --- | --- | --- | | 证券代码：600818 | 证券简称：中路股份 | | 公告编号：2025-040 | 中路股份有限公司 关于第一大股东股份被轮候冻结的公告 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： ● 中路股份有限公司（以下简称"公司"）第一大股东上海中路（集团） 有限公司（以下简称"中路集团"或"控股股东"）持有公司股份 22,658,300 股，占公司总股本的 7.05%。截至 2025 年 11 月 11 日，中路集团所持本公司股 份累计被质押 21,809,400 股，占其所持股份比例的 96.25%；累计被冻结 19,822,500 股，占其所持股份比例的 87.48%；累计被标记 2,835,800 股，占其 所持股份比例的 12.52%。请广大投资者注意投资风险。 公司于 2025 年 11 月 12 日收到公司第一大股东中路集团的告知函，获悉中 路集团持有的公司股份被轮候冻结，具体情况如下： 1 股 ...

Core Viewpoint - The major shareholder of Zhonglu Co., Zhonglu Group, holds 22,658,300 shares, representing 7.05% of the total share capital [1] Summary by Relevant Sections - **Shareholding and Pledge Status** - As of November 11, 2025, Zhonglu Group has pledged a total of 21,809,400 shares, which accounts for 96.25% of its holdings [1] - A total of 19,822,500 shares have been frozen, representing 87.48% of its holdings [1] - Additionally, 2,835,800 shares have been marked, which is 12.52% of its holdings [1]