证券研究报告：汽车 | 公司点评报告 股票投资评级 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 23.56 | | --- | --- | | 总股本/流通股本（亿股）5.13 / 5.13 | | | 总市值/流通市值（亿元）121 / 121 | | | 52 周内最高/最低价 | 24.52 / 12.23 | | 资产负债率(%) | 35.1% | | 市盈率 | 24.04 | | 第一大股东 | 国投高科技投资有限公 | | 司 | | 研究所 分析师:付秉正 SAC 登记编号:S1340524100004 Email:fubingzheng@cnpsec.com 亚普股份(603013) 海外业务持续发力，25H1 高质量增长 ⚫ 事件 公司于 8 月 28 日发布 2025 年中期业绩报告，25H1 公司实现营 收 43.45 亿元，同比增长 12.8%，实现归母净利润 2.87 亿元，同比增 长 11.8%，扣非归母净利润 2.85 亿元，同比增长 11.9%。 其中，第二季度实现营收 23.70 亿元，同比增长 18.9%，归母净 利润 1.58 亿元，同比增 ...

8月27日亚普股份发布2025半年度分配预案，拟10派0.5元(含税)，预计派现金额合计为2558.50万元。派 现额占净利润比例为8.91%，这是公司上市以来，累计第9次派现。 公司上市以来历次分配方案一览 日期分配方案派现金额合计(亿元)股息率(%) 2025.06.30 10派0.5元(含税) 0.26 0.30 2024.12.31 10派3.5元(含税) 1.79 2.33 2024.06.30 10派0.5元(含税) 0.26 0.32 2023.12.31 10派4元(含税) 2.05 2.45 2022.12.31 10派5元(含税) 2.56 3.35 2021.12.31 10派7元(含税) 3.60 4.32 2020.12.31 10派7元(含税) 3.60 4.56 2019.12.31 10派5元(含税) 2.57 2.93 2018.12.31 10派4元(含税) 2.04 1.37 证券时报·数据宝统计显示，公司8月27日公布了半年报，共实现营业收入43.45亿元，同比增长 12.79%，实现净利润2.87亿元，同比增长11.82%，基本每股收益为0.56元，加权平均净资产收益 ...

Core Viewpoint - The company, Yapu Automotive Parts Co., Ltd., has reported a positive performance in the first half of 2025, with a focus on enhancing operational quality and increasing shareholder returns through a cash dividend distribution plan [4][8][18]. Group 1: Financial Performance - In the first half of 2025, the company achieved a revenue growth of 12.79% year-on-year and a net profit attributable to shareholders growth of 11.82% [4][5]. - The company reported an undistributed profit of CNY 2,193,731,717.20 and a distributable profit of CNY 258,557,817.73 for the first half of 2025 [18][29]. - A cash dividend of CNY 0.05 per share (including tax) is proposed, with a total of CNY 25,585,018.20 to be distributed to shareholders [18][29]. Group 2: Strategic Initiatives - The company is focusing on dual core businesses of energy storage systems and thermal management systems, adapting to changes in the market and seeking opportunities in the new energy sector [4][5]. - The company has made significant progress in international operations, transferring excess domestic capacity to overseas subsidiaries and enhancing smart manufacturing capabilities [6][8]. Group 3: Shareholder Returns - Since its listing in 2018, the company has implemented cash dividends eight times, totaling CNY 1.847 billion, with an average dividend payout ratio of 55.66% [8][12]. - The company emphasizes a sustainable dividend strategy while considering future capital needs and shareholder interests [8][12]. Group 4: Governance and Compliance - The company has established a modern governance structure to enhance operational efficiency and protect shareholder rights [13][14]. - The board of directors and supervisory board have ensured compliance with legal and regulatory requirements in the decision-making process for the dividend distribution [22][30]. Group 5: Innovation and Sustainability - The company is committed to developing new productive forces, focusing on green and low-carbon development, and has established a distributed photovoltaic power generation system [9][10]. - The company has filed 25 patents in the first half of 2025, enhancing its competitive edge through intellectual property protection [9][10]. Group 6: Investor Relations - The company has improved its investor communication strategies, engaging with shareholders through various channels and activities to enhance transparency and trust [12][14]. - In the first half of 2025, the company conducted 22 investor engagement activities, ensuring a high response rate to investor inquiries [12][14].

证券日报网讯 8月27日晚间，亚普股份发布公告称，2025年半年度实现营业收入4，345，149，157.60 元，同比增长12.79%；归属于上市公司股东的净利润为287，061，584.66元，同比增长11.82%。 （文章来源：证券日报） ...

证券日报网讯 8月27日晚间，亚普股份发布公告称，公司第五届董事会第二十五次会议审议通过了 《2025年半年度利润分配预案》等多项议案。 （文章来源：证券日报） ...

证券日报网讯 8月27日晚间，亚普股份发布公告称，公司第五届监事会第十六次会议审议通过了《2025 年半年度利润分配预案》等多项议案。 （文章来源：证券日报） ...

Summary of Key Points Core Viewpoint - The company plans to distribute a cash dividend of 0.05 yuan per share (including tax) for the first half of 2025, without any stock bonus or capital reserve conversion [1][2]. Profit Distribution Plan - As of June 30, 2025, the company's undistributed profits amounted to 2,193,731,717.20 yuan, with a distributable profit of 258,557,817.73 yuan for the first half of 2025 [1]. - The total share capital as of August 17, 2025, was 512,599,264 shares, with 898,900 shares held in the repurchase account, resulting in 511,700,364 shares eligible for profit distribution [1]. - The total cash dividend distribution will amount to 27,249,715.20 yuan, which represents a proportion of 10.54% of the distributable profit for the first half of 2025 [1]. Decision-Making Process - The profit distribution plan does not require approval from the shareholders' meeting, as it was authorized during the annual shareholders' meeting held on April 29, 2025 [2]. - The board of directors held a meeting on August 27, 2025, where the profit distribution plan was approved with 9 votes in favor, confirming compliance with the company's profit distribution policy [2]. - The supervisory board has stated that the profit distribution plan adheres to relevant laws and regulations, ensuring that it does not harm the interests of the company or minority shareholders [2].

证券代码：603013 证券简称：亚普股份 公告编号：2025-045 第五届董事会第二十五次会议决议公告 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。 一、董事会会议召开情况 亚普汽车部件股份有限公司（以下简称公司）于 2025 年 8 月 22 日以电子邮 件方式向公司全体董事发出第五届董事会第二十五次会议（以下简称本次会议） 通知及会议材料。本次会议于 2025 年 8 月 27 日以通讯表决方式召开，会议应参 加表决董事 9 名，实际收到 9 名董事的有效表决票。会议由董事长丁后稳先生主 持，公司监事、董事会秘书及证券事务代表列席会议。 本次会议的召集、召开和表决符合《公司法》和《公司章程》等有关规定， 程序合法。 二、董事会会议审议情况 公司本次董事会会议所有议案均获得通过，具体表决情况如下： 配预案》。 截至2025年6月30日，公司母公司报表中期末未分配利润2,193,731,717.20 元，2025年半年度实现可供分配利润额为258,557,817.73元。公司拟向全体股东 每股派发现金红利0.05元（含税 ...

Group 1 - The company held its 16th meeting of the 5th Supervisory Board on August 27, 2025, via electronic communication, with all three supervisors participating and voting [1] - All proposals presented during the meeting were approved, indicating a consensus among the supervisory board members [1] Group 2 - As of June 30, 2025, the company's undistributed profits amounted to 2,193,731,717.20 yuan, with a distributable profit of 258,557,817.73 yuan for the first half of 2025 [2] - The company plans to distribute a cash dividend of 0.05 yuan per share (tax included) to all shareholders, totaling 25,585,018.20 yuan based on the actual shares eligible for distribution [2] - The cash repurchase of shares accounted for 10.54% of the company's distributable profit and 9.49% of the net profit attributable to shareholders for the first half of 2025 [2] Group 3 - The profit distribution plan for the first half of 2025 complies with relevant laws and regulations, ensuring no harm to the interests of the company and minority shareholders [3] - The supervisory board confirmed that the preparation and review of the 2025 half-year report adhered to legal and regulatory requirements, accurately reflecting the company's financial status and operational results [3][4] - No confidentiality violations were reported by the personnel involved in the preparation and review of the report [4]

格隆汇8月27日丨亚普股份(603013.SH)公布2025年半年度报告，报告期实现营业收入43.45亿元，同比增 长12.79%；归属于上市公司股东的净利润2.87亿元，同比增长11.82%；归属于上市公司股东的扣除非经 常性损益的净利润2.85亿元，同比增长11.88%；基本每股收益0.56元。公司拟向全体股东每股派发现金 红利0.05元（含税）。 ...