关于重大资产重组获得北京市国资委批复的公告 证券代码：600960 证券简称：渤海汽车 公告编号：2025-070 渤海汽车系统股份有限公司 本次交易尚需公司股东大会审议，并经有权监管机构批准后方可正式实施， 能否实施尚存在不确定性。公司将根据本次交易的实际进展情况，严格按照有关 法律法规的规定和要求及时履行信息披露义务。有关信息均以公司发布的公告为 准，敬请广大投资者关注后续公告并注意投资风险。 特此公告。 渤海汽车系统股份有限公司董事会 2025 年 10 月 15 日 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。 渤海汽车系统股份有限公司（以下简称"公司"或"渤海汽车"）拟通过发 行股份及支付现金的方式购买北京海纳川汽车部件股份有限公司（以下简称"海 纳川"）持有的北京北汽模塑科技有限公司 51%的股权、海纳川安道拓（廊坊） 座椅有限公司 51%的股权、英纳法智联科技（北京）有限公司 100%的股权、廊 坊莱尼线束系统有限公司 50%的股权并募集配套资金（以下简称"本次交易"）。 2025 年 10 月 14 日，公司 ...

Core Viewpoint - Bohai Automotive (600960) has received approval from the Beijing State-owned Assets Supervision and Administration Commission for a major asset restructuring plan involving the acquisition of certain assets from Hainachuan through a combination of share issuance and cash payment [1] Group 1 - The indirect controlling shareholder of Bohai Automotive, Beijing Automotive Group Co., Ltd., is involved in the asset restructuring process [1] - The approval from the Beijing State-owned Assets Supervision and Administration Commission is a significant step for Bohai Automotive in executing its acquisition strategy [1] - The restructuring plan includes raising matching funds to support the acquisition [1]

2025年10月14日，公司间接控股股东北京汽车集团有限公司收到北京市国资委出具的《北京市人民政府 国有资产监督管理委员会关于渤海汽车系统股份有限公司重大资产重组有关事项的批复》（京国资产权 [2025]28号），原则同意渤海汽车以发行股份及支付现金的方式购买海纳川部分资产并募集配套资金的 总体方案。 格隆汇10月14日丨渤海汽车(600960.SH)公布，公司拟通过发行股份及支付现金的方式购买北京海纳川 汽车部件股份有限公司（简称"海纳川"）持有的北京北汽模塑科技（维权）有限公司51%的股权、海纳 川安道拓（廊坊）座椅有限公司51%的股权、英纳法智联科技（北京）有限公司100%的股权、廊坊莱 尼线束系统有限公司50%的股权并募集配套资金（简称"本次交易"）。 ...

Core Viewpoint - Bohai Automotive has received approval from the Beijing State-owned Assets Supervision and Administration Commission for a significant asset restructuring plan involving the acquisition of certain assets from Hainachuan through a combination of share issuance and cash payment [1] Group 1 - The indirect controlling shareholder, Beijing Automotive Group Co., Ltd., is involved in the transaction [1] - The overall plan includes raising matching funds alongside the asset acquisition [1] - The transaction is subject to approval by the company's shareholders and relevant regulatory authorities before it can be officially implemented [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]

Group 1 - The A-share market's robotics concept stocks are performing strongly, with several stocks hitting the 10% daily limit up, including Paislin, Guodian Nanzi, and Bohai Automobile [1] - Notable stock performances include Zhongwei Electronics up 9%, Fulongma up over 7%, and several others like Landai Technology and Shunyu Precision Engineering rising over 6% [1] - The year-to-date performance of these stocks shows significant gains, with Fulongma leading at 138.53%, followed by Taotao Automotive at 252.29% [2] Group 2 - Tesla has recently initiated factory audits in China, engaging with multiple companies in Ningbo, focusing on the Optimus GEN3 model, overseas production capacity, and production ramp-up [2] - The GEN3 model is expected to be finalized in the coming weeks, with plans for an external announcement [2] - Tesla is optimistic about the production ramp-up for robots in the coming years, with suppliers being asked to increase production capacity significantly [2]

Group 1 - The automotive parts sector experienced an initial rise on October 10, with several companies reaching their daily limit up, indicating strong market interest [1] - Notable companies that hit the limit up include Bluetech Technology, Shenda Co., Bohai Automobile, Qin'an Co., Yingli Automobile, and Sanlian Forging [1] - Other companies that saw gains include Daimai Co., Rongtai Co., Lizhong Group, and Haoneng Co., reflecting a broader positive trend in the sector [1]

Core Viewpoint - Bohai Automobile plans to acquire equity stakes in four core subsidiaries from its controlling shareholder, Hainachuan, for a total price of up to 2.728 billion yuan, marking a significant step in its strategic transformation amid the electric and intelligent automotive trends [1][2]. Summary by Sections Acquisition Details - The acquisition involves four key assets: 51% of Beijing Beiqi Moulding Technology Co., Ltd., 51% of Hainachuan Andautuo (Langfang) Seat Co., Ltd., 100% of Inafa Intelligent Technology (Beijing) Co., Ltd., and 50% of Langfang Leoni Wiring Systems Co., Ltd. [2] - The total transaction price is set at 2.728 billion yuan, with 2.319 billion yuan paid in shares and 409 million yuan in cash [2][3]. Financial Impact - Post-acquisition, Bohai Automobile's total assets are expected to increase from 7.410 billion yuan to 12.364 billion yuan, a growth of 66.84%, while revenue is projected to rise from 4.227 billion yuan to 9.276 billion yuan, an increase of 119.41% [6]. - Despite the anticipated revenue growth, the company is still expected to incur a net loss of 880.685 million yuan in 2024, indicating challenges in turning around profitability [7]. Valuation and Premiums - The acquisition features high valuation premiums, particularly for the 50% stake in Langfang Leoni Wiring Systems, which has an assessed value increase of 1759.98% [3][9]. - The performance of the acquired assets is subject to a three-year profit commitment from Hainachuan, with specific net profit targets set for 2025, 2026, and 2027 [9][10]. Operational Challenges - The integration of the acquired companies poses significant operational risks due to potential differences in business models and corporate cultures [10]. - The increase in related party transactions following the acquisition raises concerns about the company's independence and governance standards [11]. Future Outlook - The transaction is seen as a critical move for Bohai Automobile to enhance its market presence and operational scale, but the ability to convert this scale into sustainable profitability remains a key challenge [8][11].

Core Viewpoint - Bohai Automobile (600960) plans to acquire a 51% stake in Beijing Hainachuan Automotive Parts Co., Ltd., a 51% stake in Langfang Andautuo, a 100% stake in Zhilian Technology, and a 50% stake in Leini Wiring Harness through a combination of share issuance and cash payment, with a total transaction price of 2.728 billion yuan [1] Group 1 - The company aims to raise no more than 1.379 billion yuan in supporting funds for the transaction and equipment upgrades for automotive bumper production lines [1] - The share issuance price for the acquisition is set at 3.44 yuan per share [1] - The acquisition targets exhibit varying degrees of premium, with Zhilian Technology having a premium rate of 48.39%, while the other three companies have premium rates exceeding 100%, with Leini Wiring Harness reaching a staggering 1759.98% [1] Group 2 - Following the announcement, Bohai Automobile's stock quickly hit the daily limit up after market opening [1]

渤海汽车系统股份有限公司 2025 年第四次临时股东大会 会议资料 二〇二五年十月 渤海汽车系统股份有限公司 2025 年第四次临时股东大会会议资料 | | | | 年第四次临时股东大会会议须知 3 2025 | | --- | | 2025 年第四次临时股东大会会议议程 4 | | 议案一、关于公司符合上市公司发行股份及支付现金购买资产并募集配套资金相关法律法规规定条 | | 件的议案 7 | | 议案二、关于本次发行股份及支付现金购买资产并募集配套资金暨关联交易方案的议案 8 | | 议案三、关于《发行股份及支付现金购买资产并募集配套资金暨关联交易报告书（草案）》及其摘 | | 要的议案 17 | | 议案四、关于签署附条件生效的发行股份及支付现金购买资产协议之补充协议和业绩补偿协议的议 | | 案 18 | | 议案五、关于本次交易符合重组管理办法、上市公司监管指引第 9 号和发行注册管理办法相关规定 | | 的议案 19 | | 议案六、关于本次交易相关主体不存在不得参与任何上市公司重大资产重组情形的议案 20 | | 议案七、关于本次交易构成关联交易的议案 21 | | 议案八、关于本次交易构成重大 ...