Group 1 - Agricultural Bank of Suzhou Branch is actively increasing stock repurchase and loan support to boost confidence in the capital market and ensure stable operations [1][2] - The stock repurchase and loan program was established in October last year to encourage financial institutions to provide loans to eligible listed companies and major shareholders for stock repurchase and increase [2] - As of April 15, the Agricultural Bank of Suzhou Branch has issued over 600 million yuan in special loans for stock repurchase and increase to listed companies [2] Group 2 - On April 15, the Agricultural Bank of Changshu Branch successfully provided 45 million yuan in credit to Jiangsu Changshu Automotive Trim Co., Ltd. to support the optimization of its equity structure and enhance market value [2] - The Agricultural Bank of Zhangjiagang Branch issued its first stock repurchase loan of 9 million yuan to Jiangsu Huasheng Lithium Battery Materials Co., Ltd., a leading company in the lithium-ion battery electrolyte additive sector [2] - The Agricultural Bank of Suzhou Demonstration Zone Branch provided an additional 1 billion yuan in special funding for stock increase to Hengtong Group, a top private enterprise in China, to help reduce financing costs and inject momentum into key areas of development [2]

Financial Performance - In 2024, the company reported total revenue of 5.667 billion yuan, representing a year-on-year increase of 23.23% [1] - The net profit attributable to shareholders was 425 million yuan, a decrease of 121 million yuan compared to the same period last year, reflecting a year-on-year decline of 22.08% [1] - The net cash inflow from operating activities was 263 million yuan [1] Key Financial Ratios - The company's asset-liability ratio stood at 50.05% [1] - Gross profit margin was recorded at 15.33% [1] - Return on equity (ROE) was 8.21% [1] - The diluted earnings per share (EPS) was 1.12 yuan, down by 0.32 yuan from the same period last year, indicating a year-on-year decline of 22.22% [1] - Total asset turnover ratio was 0.55 times, while inventory turnover ratio was 6.33 times [1] Research and Development - The total R&D expenditure for the company in 2024 was 211 million yuan, accounting for 3.72% of total revenue, which is a decrease of 0.11% compared to the previous year [1] Executive Compensation - The total remuneration for the board of directors, supervisors, and senior management in 2024 amounted to 14.7024 million yuan [2] - The highest-paid executive was Vice President Qin Hongwei, who received 3.1911 million yuan, surpassing the chairman's compensation of 1.9702 million yuan [2] Company Overview - The company specializes in the research, production, and sales of automotive interior assembly products, including door inner trim assemblies, instrument panel assemblies, and other related components [4]

证券代码：603035 证券简称：常熟汽饰 公告编号:2025-020 江苏常熟汽饰集团股份有限公司 关于参加 2024 年度沪市主板低碳新能专题 集体业绩说明会的公告 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： （网址：https://roadshow.sseinfo.com/） 召开方式：上证路演中心视频直播和网络文字互动 问题征集：投资者可于 2025 年 5 月 21 日（星期三）至 2025 年 5 月 27 日 （星期二）16:00 前登录上证路演中心网站首页"提问预征集"栏目或通过公司证 券部邮箱（csqs@caip.com.cn）进行提问。公司将在业绩说明会上对投资者普遍关 注的问题进行回答。 江苏常熟汽饰集团股份有限公司（全文简称"公司"）于 2025 年 4 月 19 日在 上海证券交易所网站（https://www.sse.com.cn/）及指定信息披露媒体《中国证券 报》、《上海证券报》披露了《江苏常熟汽饰集团股份有限公司 2024 年年度报告》 和《江苏常熟汽饰集团股份有限公司 2 ...

Industry Overview - The automotive interior is a crucial factor in determining a car brand's image, as it increasingly becomes a third space for users beyond home and office [1][21] - The market for automotive interiors in China is projected to reach approximately 138.32 billion yuan by 2024, driven by rising consumer demands for comfort and personalization [1][21] - The automotive interior industry is experiencing rapid growth due to the booming automotive market and increasing consumer expectations [1][21] Market Dynamics - The automotive interior industry is influenced by the overall automotive market, with vehicle production in China expected to grow from 24.5 million units in 2015 to 31.3 million units by 2024, reflecting a compound annual growth rate (CAGR) of 2.75% [16] - The production and sales of new energy vehicles (NEVs) in China have surged, with production increasing from 340,500 units in 2015 to 12.9 million units by 2024, a CAGR of 49.74% [16] Material and Technology Trends - Automotive interiors primarily utilize materials such as fabric, artificial leather, and genuine leather, with polypropylene (PP) being a key material due to its lightweight and processing advantages [5][14] - The industry has developed six mainstream manufacturing processes, including PU spraying and low-pressure injection molding, with domestic companies achieving technological parity with international leaders [7] Policy Support - The Chinese government continues to support the development of NEVs through tax exemptions and other incentives, which positively impacts the automotive interior sector [8][11] - Policies aimed at promoting automotive consumption and innovation are expected to enhance the overall market environment for automotive interiors [8][11] Competitive Landscape - The automotive interior market in China is characterized by a low concentration of companies, including foreign suppliers, OEM subsidiaries, and independent third-party suppliers [23] - Key players in the market include companies like Yanfeng Automotive Interiors, Jiangsu Changshu Automotive Trim, and Ningbo Tuopu Group, which are involved in various segments of the automotive interior supply chain [23][25][27] Future Trends - The automotive interior industry is shifting towards sustainable manufacturing practices, with an increasing focus on eco-friendly materials and processes [29] - Innovations in smart technology are redefining the functionality of automotive interiors, enhancing user interaction and experience [30] - There is a growing demand for personalized and high-quality interior designs, driven by consumer preferences for unique and luxurious experiences [31][32]

ZHONG LUN 品律師事務所 特殊的普通合伙 Limited Liability Partnership 关于江苏常熟汽饰集团股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年五月 北京 · 上海 · 深圳 · 广州 · 武汉 · 成都 · 重庆 · 青岛 · 杭州 · 南京 · 淮口 · 东京 · 香港 · 伦敦 · 纽约 · 洛杉矶 · 旧金山 · 阿拉木图 Bejim · Shanghai · Shorzher · Gatangzhou · Wulzar · Chongcine · Qongqing · Qingslao · Hanjing · Halkou · Tolsy · Holso · Tokyo · London · New · York · Los Angeles · San Fra 阳区金和东路 20 号院正大中心 22-31/F, South Tower of CP Center, 20 Jin He East 电话/Tel:+86 10 5957 2288 传真/Fax:+86 10 63 北京市中伦律师事务所 关于江苏常熟汽饰集团股份有限公司 北京市中伦律师事务所 ...

证券代码：603035 证券简称：常熟汽饰 公告编号：2025-019 江苏常熟汽饰集团股份有限公司 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 5 月 12 日 （二）股东大会召开的地点：江苏省常熟市海虞北路 288 号，江苏常熟汽饰集团股份 有限公司 5 楼会议室。 （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 | 257 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 129,609,259 | | 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 | 35.1297 | | 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，股东大会主持情况等。 1、公司在任董事7人，出席4人 出席会议的董事：朱霖、于翔、王晓芳、顾全根。 未亲自出席会议的非独立 ...

证券代码：603035 证券简称：常熟汽饰 公告编号：2025-018 江苏常熟汽饰集团股份有限公司 关于股份回购进展公告 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。 根据《上市公司股份回购规则》、《上海证券交易所上市公司自律监管指引第7 号——回购股份》等相关规定，公司在回购股份期间，应当在每个月的前3个交易 日内披露截至上月末的回购进展情况。公司回购股份进展情况如下: 2025年4月份，公司通过集中竞价交易方式已累计回购股份773,900股，占公司 总股本的比例为0.2036%，购买的最高价为12.99元/股、最低价为12.91元/股，支 付的金额为1,001.7776万元。 截至2025年4月30日，公司已累计回购股份11,086,053股，占公司总股本的比 例为2.9171%，购买的最高价为14.90元/股、最低价为12.91元/股，已支付的总金 额为15,998.8341万元。 三、其他事项 | 回购方案首次披露日 | 2024/11/2 | | --- | --- | | 回购方案实施期限 | 2024/11/ ...

证券代码：603035 证券简称：常熟汽饰 公告编号:2025-017 江苏常熟汽饰集团股份有限公司 关于 2024 年度暨 2025 年第一季度 业绩说明会召开情况的公告 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。 江苏常熟汽饰集团股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日 （周一）15:00-16:00 在上海证券报中国证券网(http://roadshow.cnstock.com/) 通过网络在线交流方式，以文字结合视频的形式召开了 2024 年度暨 2025 年第一 季度业绩说明会（以下简称"说明会"），现将有关事项公告如下： 一、说明会召开情况 公司于 2025 年 4 月 19 日在上海证券交易所网站（www.see.com.cn）及指定 信息披露媒体《中国证券报》、《上海证券报》披露了《江苏常熟汽饰集团股份 有限公司关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告》（公告编号： 2025-015）。 2025 年 4 月 28 日（周一）15:00-16:00，公司董事 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [7] Core Views - The company reported a revenue of 56.67 billion yuan in 2024, a year-on-year increase of 23.2%, while the net profit attributable to the parent company was 4.25 billion yuan, a year-on-year decrease of 22.1% [7] - In Q1 2025, the company achieved a revenue of 13.38 billion yuan, a year-on-year increase of 26.3%, with a net profit of 0.88 billion yuan, a year-on-year decrease of 16% [7] - The company is focusing on expanding its new bases and actively developing domestic and international markets, with significant growth expected from new energy orders [7] - The company aims to enhance its core competitiveness in the smart cockpit sector, continuing to innovate and integrate smart interior solutions [7] - Future profit growth is projected, with net profits expected to reach 5.57 billion yuan, 6.88 billion yuan, and 8.58 billion yuan from 2025 to 2027, reflecting growth rates of 30.9%, 23.5%, and 24.7% respectively [7] Financial Summary - Revenue projections for 2025, 2026, and 2027 are 69.71 billion yuan, 84.92 billion yuan, and 101.67 billion yuan respectively, with year-on-year growth rates of 23.0%, 21.8%, and 19.7% [6] - The net profit attributable to the parent company is projected to be 5.57 billion yuan in 2025, 6.88 billion yuan in 2026, and 8.58 billion yuan in 2027, with corresponding growth rates of 30.9%, 23.5%, and 24.7% [6] - The company's gross margin is expected to stabilize at 16.0% from 2025 to 2027 [6] - The P/E ratio is projected to decrease from 12.85 in 2024 to 5.79 in 2027, indicating increasing valuation attractiveness [6]

Investment Rating - The investment rating for the company is "Buy" (maintained) [7] Core Views - The company reported a revenue of 56.67 billion yuan in 2024, a year-on-year increase of 23.2%, while the net profit attributable to the parent company was 4.25 billion yuan, a year-on-year decrease of 22.1% [7] - In Q1 2025, the company achieved a revenue of 13.38 billion yuan, a year-on-year increase of 26.3%, with a net profit of 0.88 billion yuan, down 16% year-on-year [7] - The company is focusing on expanding its new bases and actively developing domestic and international markets, with new factories in Zhaoqing, Hefei, and Anqing expected to be completed in 2024 [7] - The company aims to enhance its core competitiveness in the interior parts sector by continuing to innovate in smart cockpit technology [7] - Future profit growth is anticipated, with net profits projected to reach 5.57 billion yuan, 6.88 billion yuan, and 8.58 billion yuan from 2025 to 2027, reflecting growth rates of 30.9%, 23.5%, and 24.7% respectively [7] Financial Summary - Revenue projections for 2025, 2026, and 2027 are 69.71 billion yuan, 84.92 billion yuan, and 101.67 billion yuan respectively, with year-on-year growth rates of 23.0%, 21.8%, and 19.7% [6] - The net profit attributable to the parent company is expected to be 5.57 billion yuan in 2025, 6.88 billion yuan in 2026, and 8.58 billion yuan in 2027, with corresponding growth rates of 30.9%, 23.5%, and 24.7% [6] - The company's gross margin is projected to stabilize at 16.0% from 2025 to 2027 [6] - The P/E ratio is expected to decrease from 12.85 in 2024 to 5.79 in 2027, indicating increasing valuation attractiveness [6]