证券代码：601965 证券简称：中国汽研 公告编号：临 2025-051 中国汽车工程研究院股份有限公司 关于限制性股票激励计划（第三期）第二个解锁期部分 解锁暨上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、公司限制性股票激励计划（第三期）批准及实施情况 1.2022 年 6 月 24 日，公司第四届董事会第二十六次会议审议通过了《关于公 司限制性股票激励计划（第三期）（草案）及其摘要的议案》及其他相关议案。 公司独立董事就本次股权激励计划是否有利于公司持续发展及是否存在损害公司 及全体股东利益的情形发表独立意见。公司第四届监事会第十八次会议审议通过 了《关于公司限制性股票激励计划（第三期）（草案）及其摘要的议案》及其他 相关议案，并就限制性股票计划相关事项发表了核查意见。 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 4,173,210股。 2.2022 年 6 月 24 日至 2022 年 7 月 3 日，公司在内部公示了激励对象名单， 在公示期内，公司未收到关于本 ...

北京市嘉源律师事务所 关于中国汽车工程研究院股份有限公司 限制性股票激励计划(第三期) 第二个解锁期部分解锁 相关事项的法律意见书 上 第 所 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 二〇二五年十月 浪管师事务所 A YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中国汽车工程研究院股份有限公司 北京市嘉源律师事务所 关于中国汽车工程研究院股份有限公司 限制性股票激励计划(第三期) 第二个解锁期部分解锁 相关事项的法律意见书 嘉源(2025)-05-391 敬启者: 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激 励管理办法》(以下简称"《管理办法》")《国有控股上市公司(境内)实施股 权激励试行办法》《关于规范国有控股上市公司实施股权激励制度有关问题的通 知》《关于进一步做好中央企业控股上市公司股权激励工作有关事项的通知》等 法律、法规和规范性文件以及《中国汽车工程研究院股份有限公司限制性股票激 励计划(第三期)(草案)》(以下简称"《激 ...

Financial Performance - In Q3 2025, the company reported operating revenue of CNY 1,113.53 million, a year-on-year increase of 9.33%[4] - The total profit for the period was CNY 329.19 million, reflecting a 9.64% increase compared to the same period last year[4] - The net profit attributable to shareholders was CNY 257.47 million, showing a slight increase of 0.14% year-on-year[4] - For the first nine months of 2025, the company achieved operating revenue of CNY 3,024.39 million, with a year-on-year decline of 1.14%[6] - The net profit attributable to shareholders for the first nine months was CNY 66.61 million, representing a year-on-year increase of 1.13%[6] - Total operating revenue for the first three quarters of 2025 was CNY 3,024,393,694.56, a decrease of 1.1% compared to CNY 3,059,250,552.55 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was CNY 700,006,975.00, slightly down from CNY 704,932,561.46 in the previous year[23] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 12,867.02 million, an increase of 27.27% compared to the end of the previous year[5] - As of September 30, 2025, the total assets of the company reached approximately RMB 12.87 billion, an increase from RMB 10.11 billion as of December 31, 2024, representing a growth of about 27.2%[16] - The company's current assets amounted to RMB 5.83 billion, compared to RMB 4.93 billion at the end of 2024, indicating a year-over-year increase of approximately 18.1%[17] - The total liabilities increased to CNY 3,567,309,654.85 from CNY 2,638,736,832.20, reflecting a significant rise in financial obligations[19] - The total non-current liabilities rose to CNY 1,750,907,159.38 from CNY 507,670,283.58, indicating increased long-term financial commitments[19] - The total equity increased to CNY 9,299,705,856.93, up from CNY 7,471,471,328.39 year-over-year[19] Cash Flow - The cash flow from operating activities showed a net inflow, primarily due to increased operational receipts and government subsidies[10] - Cash flow from operating activities for the first three quarters of 2025 was CNY 2,197,063,377.66, compared to CNY 2,072,484,068.69 in the same period of 2024[25] - Net cash flow from operating activities was $39,051,527.23, a significant improvement from a net outflow of $145,906,598.72 in the previous period[26] - Cash inflow from operating activities amounted to $2,492,409,808.47, an increase from $2,229,546,683.11 in the previous year[26] - Cash outflow for employee compensation was $809,391,693.52, compared to $745,747,534.29 in the prior year[26] Revenue by Business Segment - The company’s automotive technology service business generated revenue of CNY 2,749 million, a year-on-year increase of 5.62%[6] - The equipment manufacturing business reported revenue of CNY 275 million, a significant decline of 39.70% year-on-year due to strategic restructuring[6] Shareholder Information - The company has no significant changes in the shareholding structure among the top 10 shareholders, with the largest shareholder holding 53.31% of the shares[14] - The company reported no participation in margin financing or securities lending activities by the top shareholders[15] Research and Development - Research and development expenses increased to CNY 215,536,526.06, up 28.7% from CNY 167,456,478.14 in the same period last year[22] Other Information - The company has not disclosed any new product developments or market expansion strategies during the reporting period[15] - There are no significant reminders or additional important information regarding the company's operational performance during the reporting period[15]

Core Insights - The company reported a revenue of 1.114 billion yuan for Q3 2025, representing a year-on-year growth of 9.33% [1] - The net profit attributable to shareholders for Q3 2025 was 257 million yuan, showing a slight increase of 0.14% year-on-year [1] - Basic earnings per share for Q3 2025 stood at 0.26 yuan [1] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 3.024 billion yuan, which is a decrease of 1.14% compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 666 million yuan, reflecting a year-on-year increase of 1.13% [1]

Core Insights - The automotive service sector experienced a decline of 0.22% on October 27, with Jiaoyun Co. leading the drop [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Automotive Service Sector Performance - Xiamen Xinda (000701) saw a closing price of 6.21, with a gain of 5.43% and a trading volume of 799,600 shares, totaling a transaction value of 499 million [1] - Haowu Co. (000757) closed at 6.02, up 4.88%, with a trading volume of 307,600 shares, amounting to 182 million [1] - Other notable performances include: - Zhongqi Co. (301215) at 6.53, up 1.40% [1] - Alter (300825) at 10.90, up 0.28% [1] - Guoji Automobile (600335) remained unchanged at 6.08 [1] - Dezhong Automobile (920030) at 7.40, down 0.40% [1] - Other companies like China Automotive Research (601965) saw a decline of 2.39% [1] Capital Flow Analysis - The automotive service sector experienced a net outflow of 9.07 million from institutional investors and 50.57 million from speculative funds, while retail investors saw a net inflow of 59.64 million [2] - Detailed capital flow for selected companies includes: - Xiamen Xinda had a net inflow of 14.75 million from institutional investors [3] - Jiaoyun Co. faced a net outflow of 10.84 million from institutional investors [3] - China Automotive Research had a significant net outflow of 11.15 million from institutional investors [3]

Core Viewpoint - China Automotive Engineering Research Institute (China Auto Research) has experienced a decline in stock price and trading volume, reflecting challenges in the automotive service sector and potential impacts on future revenue and profitability [1][2]. Financial Performance - As of June 30, 2025, China Auto Research reported a revenue of 1.911 billion yuan, a year-on-year decrease of 4.48%, while the net profit attributable to shareholders was 409 million yuan, showing a year-on-year increase of 1.84% [2]. - The company has distributed a total of 2.747 billion yuan in dividends since its A-share listing, with 973 million yuan distributed over the past three years [3]. Stock Performance - The stock price of China Auto Research fell by 2.09% to 16.83 yuan per share, with a total market capitalization of 16.881 billion yuan [1]. - Year-to-date, the stock has decreased by 2.60%, with a 10.86% decline over the past 20 trading days and a 17.05% drop over the past 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 18,200, with an average of 54,684 shares held per shareholder, a decrease of 0.32% from the previous period [2]. - Notable shareholders include China Europe Pension Mixed A and Industrial Bank Cultural and Sports Industry Stock A, with significant changes in their holdings [3].

Group 1 - The core point of the article is that China Automotive Engineering Research Institute Co., Ltd. has obtained a patent for a "noise testing platform for steering assist systems," with the patent announcement number CN 119533828 B and an application date of December 2024 [1] - China Automotive Engineering Research Institute Co., Ltd. was established in 2001 and is located in Chongqing, primarily engaged in professional technical services [1] - The company has a registered capital of 1,004.18 million RMB and has invested in 38 enterprises, participated in 5,000 bidding projects, and holds 378 trademark records and 1,965 patent records [1]

证券代码：601965 证券简称：中国汽研 公告编号：临 2025-046 中国汽车工程研究院股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com） 一、说明会类型 会议召开时间：2025 年 10 月 31 日（星期五）下午 15:00-16:00 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 会议召开方式：上证路演中心网络互动 （一）会议召开时间：2025 年 10 月 31 日（星期五）15:00-16:00 投资者可于 2025 年 10 月 25 日（星期六）至 10 月 30 日（星期四）16:00 前 登 录 上 证 路 演 中 ...

Core Insights - The 32nd China Society of Automotive Engineers Annual Conference and Exhibition (SAECCE 2025) commenced in Chongqing, featuring over 120 sessions and the launch of the Automotive Innovation Technology Exhibition (AITX) with eight thematic exhibition areas [2][4]. Industry Growth and Achievements - Since the 14th Five-Year Plan, China's automotive industry has significantly increased production and sales, with both surpassing 31 million units in 2024, marking a historical high and maintaining the world's largest automotive market for 16 consecutive years. New energy vehicle sales rose from under 1.4 million in 2020 to nearly 13 million in 2024, increasing market share from 5.4% to over 40% [4]. - Technological advancements include a 30% reduction in the cost of power batteries, a 30% increase in the average range of new electric passenger vehicles to 500 kilometers, and an increase in the application of L2-level assisted driving features in new cars from approximately 16% to over 60% [4][5]. Ecosystem Development - China has established the world's largest and most resilient automotive industry system, fostering diverse innovation scenarios and a robust infrastructure network. This includes pilot projects in fuel cell vehicles, battery swapping, and intelligent connected vehicles [5]. Regional Development and Strategic Importance - Chongqing is positioned as a key city in China's automotive landscape, benefiting from national strategies such as the Belt and Road Initiative and the Chengdu-Chongqing Economic Circle. The city aims to become a hub for intelligent connected new energy vehicles, emphasizing high-quality manufacturing and technological innovation [7]. Awards and Recognition - The 2025 Automotive Industry Rao Bin Award was presented to Zhu Huarong, Chairman of China Changan Automobile Group, highlighting the progress of Chinese brands from a weak automotive nation to a strong one [11][13]. Collaborative Initiatives - The "Transparent Supply Chain for the Automotive Industry" project was launched to create a unified data standard system and promote a transparent and collaborative supply chain ecosystem among major automotive companies [15]. - The "CSAE Automotive Science and Technology Innovation (Chongqing) Alliance" was established to integrate government, industry, academia, research, finance, and application, aiming to enhance the development of Chongqing's automotive industry [17]. Industry Dialogue and Perspectives - Discussions at the conference emphasized the importance of high-quality development, innovation, and global competitiveness. Key figures highlighted the need for a respectful and orderly industry environment, avoiding excessive competition [19][20]. - The transition from low-end to high-end markets for Chinese brands was noted, with a focus on brand strength and safety in the context of new energy and intelligent transformation [22][26]. Future Trends and Innovations - The automotive industry is shifting towards system innovation, integrating electric and intelligent technologies. The future of vehicles is seen as a convergence point for energy, data, and user experience, driving a revolution in mobility and lifestyle [26][28]. - The conference also showcased the launch of the 2025 annual projects by the China Automotive Research Institute, focusing on advanced topics in intelligent connected vehicles [32].

Core Viewpoint - The automotive service sector experienced a slight decline of 0.13% on October 22, with major stocks like Jiaoyun Co. leading the drop. The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1]. Group 1: Stock Performance - Shanghai Wumao (600822) saw a significant increase of 3.86%, closing at 11.83 with a trading volume of 270,900 shares and a turnover of 321 million yuan [1]. - Jiaoyun Co. (600676) led the decline with a drop of 3.41%, closing at 6.79, with a trading volume of 553,800 shares and a turnover of 381 million yuan [2]. - Other notable performers included Guoji Automobile (600335) with a slight increase of 0.33% and Xiamen Xinda (000701) with a minor increase of 0.18% [1][2]. Group 2: Capital Flow - The automotive service sector experienced a net outflow of 29.39 million yuan from institutional investors and 20.79 million yuan from speculative funds, while retail investors saw a net inflow of 50.18 million yuan [2]. - Shanghai Wumao (600822) had a significant net outflow of 31.42 million yuan from institutional investors, while retail investors contributed a net inflow of 23.53 million yuan [3]. - Jiaoyun Co. (600676) also faced a net outflow of 31.91 million yuan from institutional investors, with retail investors contributing a net inflow of 29.76 million yuan [3].