常熟汽饰公告，第三季度营收为18.91亿元，同比增长38.67%；净利润为1.32亿元，同比增长2.07%。前 三季度营收为46.71亿元，同比增长25.03%；净利润为3.48亿元，同比下降9.70%。 ...

Group 1 - The core viewpoint of the news is that Changshu Automotive Interior Co., Ltd. has seen a stock price increase of 5.09%, reaching 17.76 CNY per share, with a total market capitalization of 6.506 billion CNY [1] - The company, established on July 25, 1996, primarily engages in the research, development, production, and sales of passenger car interior components, with 85.88% of its revenue coming from the automotive parts manufacturing sector [1] - The trading volume for the stock was 1.26 million CNY, with a turnover rate of 1.98% [1] Group 2 - ICBC Credit Suisse Fund's fund, ICBC Small and Medium Cap Mixed Fund (481010), entered the top ten circulating shareholders of Changshu Automotive Interior, holding 2.945 million shares, which is 0.77% of the circulating shares [2] - The fund has achieved a year-to-date return of 38.02% and a one-year return of 39.5%, ranking 2019 out of 8226 and 1690 out of 8099 in its category, respectively [2] - The fund manager, Li Yu, has been in charge for 7 years and 280 days, with the fund's total asset size at 9.767 billion CNY [3] Group 3 - The ICBC Small and Medium Cap Mixed Fund (481010) reduced its holdings by 6,300 shares in the second quarter, maintaining 2.945 million shares, which constitutes 3.91% of the fund's net value, making it the second-largest holding [4] - The estimated floating profit from this investment is approximately 2.5327 million CNY [4]

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10月23日披露了《江苏常熟汽饰集团股份 有限公司关于提前归还补充流动资金的闲置募集资金的公告》（公告编号:2025-043），现作如下更 正： 更正前： 证券代码：603035 证券简称：常熟汽饰 公告编号:2025-044 江苏常熟汽饰集团股份有限公司 关于提前归还补充流动资金的闲置募集资金的更正公告 除上述内容外，原公告其它内容不变。由此对广大投资者造成的误解深表歉意！ 特此公告。 江苏常熟汽饰集团股份有限公司董事会 2025年10月24日 "自2024年11月12日至2025年10月21日，公司实际使用部分闲置募集资金暂时补充流动资金合计人民币 6,200万元。公司于2025年10月22日已将上述暂时补充流动资金的部分闲置募集资金合计人民币6,200万 元提前归还至募集资金专项账户，并将相关情况通知了保荐人。" 更正后： "自2024年11月12日至2025年10月22日，公司实际使用部分闲置募集资金暂时补充流动 ...

江苏常熟汽饰集团股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日披露了《江苏常熟汽饰集团股份有限公司关于提前归还补充流动资金的闲置 募集资金的公告》（公告编号:2025-043），现作如下更正： 更正前： 证券代码：603035 证券简称：常熟汽饰 公告编号:2025-044 "自2024年11月12日至2025年10月21日，公司实际使用部分闲置募集资金 暂时补充流动资金合计人民币6,200万元。公司于2025年10月22日已将上述暂时 补充流动资金的部分闲置募集资金合计人民币6,200万元提前归还至募集资金专 项账户，并将相关情况通知了保荐人。" 江苏常熟汽饰集团股份有限公司 关于提前归还补充流动资金的闲置募集资金的更正公告 更正后： 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董事会 2025 年 10 月 24 日 "自2024年11月12日至2025年10月22日，公司实际使用部分闲置募集资金 暂时补充流动资金合计人民币7,000万元。公司于2025年10月23日之 ...

Core Points - The company approved the temporary use of idle raised funds to supplement working capital, not exceeding RMB 100 million, for a period of up to 12 months [1] - The board and supervisory committee unanimously agreed on the proposal, ensuring that it would not affect the normal progress of fundraising investment projects [1] - From November 12, 2024, to October 21, 2025, the company utilized a total of RMB 62 million of the idle raised funds for working capital [2] - On October 22, 2025, the company repaid the utilized idle funds back to the special account for raised funds [2][3]

特此公告。 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 2024 年 11 月 11 日召开的第五届董事会第一次会议审议通过了《关于使用闲置募集资金暂时补 充流动资金的议案》，表决结果：7 票同意、0 票反对、0 票弃权，该议案已由 公司同日召开的第五届监事会第一次会议审议通过。 在保证募集资金投资项目资金需求、不影响募集资金投资计划的正常进行 的前提下，同意公司使用不超过人民币 10,000 万元的部分闲置募集资金暂时补 充流动资金，仅限于与主营业务相关的生产经营使用，使用期限自董事会审议 通过之日起不超过 12 个月。详见公司于 2024 年 11 月 12 日披露的《江苏常熟 汽饰集团股份有限公司关于使用部分闲置募集资金暂时补充流动资金的公告》 （公告编号:2024-056）。 自2024年11月12日至2025年10月21日，公司实际使用部分闲置募集资金暂 时补充流动资金合计人民币6,200万元。公司于2025年10月22日已将上述暂时补 充流动资金的部分闲置募集 ...

Investment Rating - The report maintains a positive outlook on the automotive parts industry, suggesting a focus on bottom opportunities as the sector has been performing well for over a month [1][3]. Core Insights - The robotics sector has been driven by the Tesla supply chain since mid-August, indicating a potential for further growth in related automotive parts [1][3]. - The report emphasizes the importance of fundamental and marginal changes in performance as third-quarter results are about to be released, recommending specific companies for investment [1][3]. Summary by Relevant Sections Company Insights - **Xingyu Co., Ltd.**: The company is shifting its strategic focus from domestic new energy vehicle clients to expanding into overseas markets, particularly in Europe. Collaborations with major clients like Volkswagen and BMW are strengthening, with expectations to secure headlight projects by the end of this year or next. The overseas factory is projected to ramp up production starting in 2027, becoming a new growth source by 2028. The domestic market growth from 2025 to 2027 is anticipated to come from the adoption of high-end headlights by new energy vehicle clients [2][4]. - **Changshu Automotive Trim**: The company is focusing on applications of PEEK materials, leveraging its core capabilities in injection molding. A recent strategic partnership with a Dutch sensor company aims to develop next-generation tactile sensing technology for automotive and robotics manufacturing, indicating a shift towards electronics [5]. - **Ningbo Huaxiang**: The company is entering the robotics sector through a unique ODM model, which is relatively scarce. If strategic partnerships with major clients deepen, revenue growth in its robotics business is expected to be supported. The company has a first-mover advantage in PEEK materials, potentially leading to cost benefits [5]. - **Daimay Co., Ltd.**: As an interior parts supplier, Daimay's capabilities align with the transformation into biomimetic materials and robotic skin. Being a supplier for Tesla and having a mature overseas base suggests potential interest or developments in the robotics field [5]. Investment Recommendations - The report recommends focusing on domestic leading manufacturers such as BYD, Geely, and XPeng, as well as companies with strong performance growth and robotics layouts like Fuyao Glass, New Spring, and others [2][5].

Investment Rating - The report maintains a positive outlook on the automotive parts industry, suggesting an "Overweight" rating, indicating that the industry is expected to outperform the overall market [2][11]. Core Insights - The automotive parts sector is experiencing a sustained rally, driven by developments in the robotics sector, particularly influenced by Tesla's supply chain. The report emphasizes the importance of monitoring Tesla's dynamics and suggests focusing on bottom opportunities as many stocks in the sector have reached relatively high levels [2][3]. - Key companies to watch include Xingyu, Changshu Automotive Trim, Daimay, and Ningbo Huaxiang, which are expected to benefit from upcoming quarterly performance releases and fundamental changes [2][3]. Company Summaries Xingyu - Xingyu is shifting its strategic focus from domestic new energy vehicle clients to expanding into overseas markets, particularly in Europe, with strengthened collaborations with Volkswagen and BMW. The company anticipates securing headlight project designations by the end of this year or next year, with production ramping up in overseas factories starting in 2027 [4]. - The domestic market growth from 2025 to 2027 is expected to be driven by the adoption of high-end headlights by new energy vehicle clients, with potential increases in per-vehicle value from over 1,000 yuan for standard LEDs to over 4,000 yuan for HD headlights and even 10,000 yuan for DLP headlights [4]. - The competitive landscape is favorable for domestic leaders like Xingyu, as international competitors face operational pressures, providing a conducive environment for growth [4]. Changshu Automotive Trim - The company is focusing on applications involving PEEK materials, leveraging its core capabilities in injection molding. A recent strategic partnership with a Dutch sensor company aims to develop next-generation tactile sensing technology for automotive and robotics manufacturing, with plans for mass production in China [5]. Ningbo Huaxiang - Ningbo Huaxiang is entering the robotics sector through its unique ODM model, which is considered rare. The company has established a presence in the PEEK materials field, which may yield cost advantages. Expected profits for next year are around 1.5 billion yuan, corresponding to a PE ratio of approximately 20 times for 2026 [5]. Daimay - As an interior parts supplier, Daimay's capabilities align with the transformation into biomimetic materials and robotic skin. The company is a supplier for Tesla and has a mature overseas customer base, suggesting potential developments in the robotics field [5]. Investment Recommendations - The report recommends focusing on domestic leading manufacturers such as BYD, Geely, and XPeng, as well as companies with strong performance growth and capabilities in robotics or overseas expansion, including Fuyao Glass, Xinquan, Fuda, Shuanghuan Transmission, and Yinlun [2].

截至发稿，李昱累计任职时间7年267天，现任基金资产总规模97.67亿元，任职期间最佳基金回报 156.36%， 任职期间最差基金回报-7.55%。 10月14日，常熟汽饰跌5.17%，截至发稿，报17.25元/股，成交2.61亿元，换手率4.00%，总市值63.19亿 元。 资料显示，江苏常熟汽饰集团股份有限公司位于江苏省常熟市海虞北路288号，成立日期1996年7月25 日，上市日期2017年1月5日，公司主营业务涉及研发、生产和销售乘用车内饰件业务。主营业务收入构 成为：汽车零部件制造业85.88%，模检具开发费等14.12%。 从常熟汽饰十大流通股东角度 数据显示，工银瑞信基金旗下1只基金位居常熟汽饰十大流通股东。工银中小盘混合（481010）二季度 新进十大流通股东，持有股数294.5万股，占流通股的比例为0.77%。根据测算，今日浮亏损失约276.83 万元。 工银中小盘混合（481010）成立日期2010年2月10日，最新规模10.01亿。今年以来收益35.75%，同类排 名2348/8162；近一年收益46.3%，同类排名1535/8015；成立以来收益246.3%。 工银中小盘混合（4810 ...

Core Viewpoint - Changshu Automotive Trim's stock price surged by 7.94% following the announcement of a strategic partnership with Brighter Signals B.V. to develop next-generation tactile sensing technology for automotive and robotics applications [1][3]. Company Overview - Changshu Automotive Trim specializes in the research, production, and sales of automotive interior assembly products, including door inner trim assemblies, instrument panel assemblies, and other components [4]. Strategic Partnership - The partnership with Brighter Signals B.V. involves Changshu Automotive Trim taking responsibility for the mass production of BS's patented fabric sensors in its Chinese factory, with plans to expand production to Europe by 2026 [3]. - The collaboration aims to integrate BS's sensors into automotive seating and interior systems, working alongside other tier-one suppliers to create intelligent solutions [3]. Technology Insights - BS's core technology is a multifunctional tactile sensing system based on fabric, capable of monitoring pressure, weight, proximity, motion, and position, while distinguishing between human and object interactions [3]. - Compared to traditional sensors, the fabric sensors are lightweight, recyclable, and sustainably produced, maintaining high sensitivity and stability in complex environments [3]. Financial Performance - In the first half of 2025, Changshu Automotive Trim reported revenue of 2.781 billion yuan, a year-on-year increase of 17.18%, while net profit attributable to shareholders was 216 million yuan, a decline of 15.63% [4]. - The sales of new energy products accounted for 51.15% of total sales, reflecting an increase of 18.65 percentage points year-on-year [4].