证券代码：603035 证券简称：常熟汽饰 公告编号:2025-028 江苏常熟汽饰集团股份有限公司 第五届董事会第四次会议决议的公告 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。 一、董事会会议召开情况 江苏常熟汽饰集团股份有限公司（以下简称"公司"）第五届董事会第四次会 议于 2025 年 8 月 1 日 14:00 在公司 5 楼会议室以现场结合通讯表决方式召开。公 司已于 2025 年 7 月 25 日以邮件、电话方式向公司全体董事发出了会议通知。本次 会议应出席董事 7 人，实际出席董事 7 人（其中 6 名董事以通讯表决方式出席会 议），公司部分高级管理人员、监事列席了会议。会议由公司董事长罗小春先生主 持。本次会议的通知和召开程序符合《中华人民共和国公司法》及《公司章程》等 有关规定。全体董事以记名投票方式表决通过了所有议案。 二、董事会会议审议情况 （一）审议通过了《关于通过香港全资子公司投资的卢森堡子公司在西班牙投 资设立下属子公司的议案》 基于公司战略规划需要及快速发展的海外业务，为了更好地服务公司国际客 ...

智通财经APP讯，常熟汽饰(603035.SH)公告，公司拟设立全资公司常熟汽饰(西班牙)智能座舱有限公司 (暂定名)，投资总额2400万欧元。该事项旨在更好地服务公司国际客户，持续拓展海外市场新业务，提 升公司在欧洲市场的综合竞争力。 ...

常熟汽饰公告，公司基于战略规划及海外业务发展的需要，拟通过全资子公司"常熟汽饰（香港）有限 公司"投资的全资子公司"常熟汽饰（卢森堡）有限公司"在西班牙萨拉戈萨地区投资设立一家全资子公 司，子公司名称暂定为"常熟汽饰（西班牙）智能座舱有限公司"，投资总额2400万欧元，由公司以自有 资金出资。本次投资完成后，卢森堡公司直接持有西班牙公司100%股权，常熟汽饰是西班牙公司股权 穿透最终持股100%的股东。本次对外投资事项尚需境外投资备案，能否通过相关主管部门的审批以及 完成备案所需的时间存在不确定性。 ...

证券代码：603035 证券简称：常熟汽饰 公告编号：2025-027 江苏常熟汽饰集团股份有限公司 关于为控股子公司提供担保的进展公告 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。 重要内容提示： ?担保对象及基本情况 天津安通林汽车饰件有限公司 被担保人名称 （以下简称"天津安通林"） 股东大会已审议通过的担保金额 不超过 20,000.00 万元人民币 担保对象一 实际为其提供的担保余额 6,620.17 万元人民币 是否在前期预计额度内 ?是 □否 □不适用 本次担保是否有反担保 □是 ?否 □不适用 常源科技（天津）有限公司 被担保人名称 （以下简称"常源科技"） 股东大会已审议通过的担保金额 不超过 15,000.00 万元人民币 担保对象二 实际为其提供的担保余额 5,574.33 万元人民币 是否在前期预计额度内 ?是 □否 □不适用 本次担保是否有反担保 □是 ?否 □不适用 ?累计担保情况 对外担保逾期的累计金额（万元） 0.00 截至本公告日上市公司及其控股子公 司对外担保总额（万元） 15,400 （ ...

证券代码：603035 证券简称：常熟汽饰 公告编号：2025-027 江苏常熟汽饰集团股份有限公司 关于为控股子公司提供担保的进展公告 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。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 天津安通林汽车饰件有限公司 （以下简称"天津安通林"） | | | --- | --- | --- | --- | | | 股东大会已审议通过的担保金额 | 不超过 万元人民币 | 20,000.00 | | 担保对象一 | 实际为其提供的担保余额 | 6,620.17 | 万元人民币 | | | 是否在前期预计额度内 | 是 □否 | □不适用 | | | 本次担保是否有反担保 | □是 否 | □不适用 | | 担保对象二 | 被担保人名称 | 常源科技（天津）有限公司 （以下简称"常源科技"） | | | | 股东大会已审议通过的担保金额 | 不超过 万元人民币 | 15,000.00 | | | 实际为其提供的担保余额 | 5,574.33 | 万元人民币 | | | 是 ...

Market Overview - The Shanghai Composite Index closed at 3519.65 points, above the annual line, with a change of 0.27% [1] - The total trading volume of A-shares reached 14809.22 billion yuan [1] Stocks Breaking Annual Line - A total of 46 A-shares have surpassed the annual line today, with notable stocks including: - Siyuan Electric (002028) with a deviation rate of 7.62% - Huaming Equipment (002270) with a deviation rate of 2.75% - Tongyi Co., Ltd. (300538) with a deviation rate of 2.63% [1] Deviation Rate Rankings - The top stocks with the highest deviation rates from the annual line include: - Siyuan Electric: 10.00% increase, latest price 76.99 yuan, deviation rate 7.62% - Huaming Equipment: 3.25% increase, latest price 16.85 yuan, deviation rate 2.75% - Tongyi Co., Ltd.: 2.63% increase, latest price 16.02 yuan, deviation rate 2.63% [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the annual line include: - Daqin Railway and *ST Haiyuan with minimal deviation rates [1]

Market Overview - The Shanghai Composite Index closed at 3525.40 points, above the annual line, with a change of 0.43% [1] - The total trading volume of A-shares reached 987.43 billion yuan [1] Stocks Breaking Annual Line - A total of 41 A-shares have surpassed the annual line today, with notable stocks including: - Siyuan Electric (002028) with a deviation rate of 7.62% - Tongyi Co., Ltd. (300538) with a deviation rate of 2.51% - Ruisheng Technology (688090) with a deviation rate of 2.05% [1] Stocks with Significant Deviation Rates - The stocks with the highest deviation rates from the annual line include: - Siyuan Electric: 10.00% increase, trading at 76.99 yuan - Tongyi Co., Ltd.: 2.50% increase, trading at 16.00 yuan - Ruisheng Technology: 3.24% increase, trading at 35.10 yuan [1] Additional Stocks with Minor Deviations - Other stocks that have just crossed the annual line with smaller deviation rates include: - Qianjiang Motorcycle, Jiuquan Technology, and Huadian International, which have just reached the annual line [1]

证券代码：603035 证券简称：常熟汽饰 公告编号：2025-026 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。 重要内容提示： 即自 2024 年 11 月 18 日至 2025 年 11 月 17 日止。回购股份价格不超过 21.17 元/ 股（含）,具体实际回购价格由股东大会授权董事会及管理层在回购实施期间结合 公司股票价格、财务状况和经营情况确定。本次用于回购股份的资金总额不低于 人民币 15,000 万元（含）且不超过人民币 30,000 万元（含），具体回购资金总额 以回购期限届满或者回购完毕时实际回购股份使用的资金总额为准。按照上述回 购价格上限及回购资金总额的上下限测算，预计回购股份数量约为 7,085,498 股 至 14,170,997 股，占公司当前总股本的 1.86%至 3.73%，具体回购股份的数量及 占公司总股本比例以回购期限届满或者回购完毕时实际回购的股份数量和占公司 总股本的比例为准。详见公司于 2024 年 12 月 3 日披露在上海证 ...

Investment Rating - The investment rating for Jiangsu Changshu Automotive Trim Group is Equal-weight [4] Core Views - The report indicates a price target reduction from Rmb15.60 to Rmb14.70, reflecting updated revenue forecasts and margin expectations [1][3] - Revenue forecasts for 2025 and 2026 have been raised by 4.6% and 7.9% respectively, following a 4% revenue beat in 2024, attributed to steady customer expansion [1][2] - Gross profit margin (GpM) forecasts for 2025 and 2026 have been lowered by 2.2 percentage points and 1.7 percentage points respectively, due to pricing pressure and increased competition [2][3] - Net profit forecasts have been reduced by 13.1% and 10.3% for 2025 and 2026 respectively, reflecting the adjustments in revenue and GpM [3] Summary by Sections Financial Forecasts - The report introduces financial forecasts for 2027, with EPS estimates for 2025, 2026, and 2027 at Rmb1.36, Rmb1.52, and Rmb1.66 respectively [4][17] - The DCF-based price target is set at Rmb14.70, which is a 6% decrease from previous estimates, indicating expectations of more stable long-term profitability despite near-term challenges [3][8] Market Position and Strategy - The company is expected to experience superior growth compared to peers, albeit at the cost of narrowing gross profit margins [11] - There is a tight balance sheet amid a slowing industry, which may limit capital expenditure capabilities to capture growth opportunities [11] - The report suggests that growth is likely to moderate, with potential for client base diversification into local players and deeper cooperation with key customers like Tesla and Li Auto [15][11] Risk and Reward Themes - The report identifies positive themes in electric vehicles but negative themes regarding pricing power, indicating a mixed outlook for the industry [12] - The company is expected to actively seek new orders and solidify its position within the supply chain of major automotive players [12][15]

Group 1 - The core viewpoint of the article is that Jiangsu Changshu Automotive Trim Group Co., Ltd. is implementing a differentiated dividend distribution plan based on its share repurchase program, which has been approved by the shareholders [2][6]. - The company plans to repurchase its shares using its own and self-raised funds, with a total repurchase amount between RMB 150 million and RMB 300 million, and a maximum repurchase price of RMB 21.17 per share [2][3]. - As of May 7, 2025, the company has repurchased a total of 11,086,053 shares [2]. Group 2 - The differentiated dividend plan involves distributing a cash dividend of RMB 3.4532 per 10 shares (including tax) to all shareholders, based on the total share capital minus the shares held in the repurchase account [2][3]. - The total number of shares eligible for the dividend distribution is 368,944,880, leading to a total cash dividend payout of approximately RMB 127.67 million (including tax) [3][4]. - The impact of the dividend distribution on the ex-dividend reference price is minimal, with an absolute value of less than 1% [6]. Group 3 - The legal opinion confirms that the differentiated dividend distribution complies with relevant laws and regulations, including the Company Law and Securities Law, and does not harm the interests of the company or its shareholders [6].