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].

Group 1 - The core point of the article highlights that Changshu Automotive Interior Co., Ltd. experienced a decline of 5.17% in its stock price, reaching 17.25 CNY per share, with a trading volume of 261 million CNY and a turnover rate of 4.00%, resulting in a total market capitalization of 6.319 billion CNY [1] - The company, established on July 25, 1996, and listed on January 5, 2017, 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 and 14.12% from mold inspection and development fees [1] Group 2 - From the perspective of major circulating shareholders, a fund under ICBC Credit Suisse, specifically the ICBC Small and Medium Cap Mixed Fund (481010), entered the top ten circulating shareholders in the second quarter, holding 2.945 million shares, which accounts for 0.77% of the circulating shares, with an estimated floating loss of approximately 2.7683 million CNY [2] - The ICBC Small and Medium Cap Mixed Fund, established on February 10, 2010, has a current scale of 1 billion CNY, with a year-to-date return of 35.75%, ranking 2348 out of 8162 in its category, and a one-year return of 46.3%, ranking 1535 out of 8015 [2] Group 3 - The fund manager of the ICBC Small and Medium Cap Mixed Fund is Li Yu, who has been in the position for 7 years and 267 days, managing a total fund asset size of 9.767 billion CNY, with the best fund return during his tenure being 156.36% and the worst being -7.55% [3] Group 4 - The ICBC Small and Medium Cap Mixed Fund has reduced its holdings in Changshu Automotive Interior by 6,300 shares in the second quarter, maintaining a total of 2.945 million shares, which represents 3.91% of the fund's net value, making it the second-largest holding in the fund [4]

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].

Group 1 - The core viewpoint of the news is that Changshu Automotive Interior Co., Ltd. has seen a stock price increase of 5.11%, reaching 18.94 CNY per share, with a trading volume of 188 million CNY and a market capitalization of 6.939 billion CNY [1] - The company, established on July 25, 1996, and listed on January 5, 2017, 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 top ten circulating shareholders include a fund from ICBC Credit Suisse, which entered the top ten shareholders in the second quarter, holding 2.945 million shares, representing 0.77% of the circulating shares [2] Group 2 - The ICBC Credit Suisse fund, named ICBC Small and Medium Cap Mixed Fund (481010), has achieved a year-to-date return of 40.77% and a one-year return of 77.07%, ranking 1980 out of 8171 and 1276 out of 8004 respectively [2] - The fund manager, Li Yu, has been in position for 7 years and 249 days, with a total asset scale of 9.767 billion CNY, achieving a best fund return of 153.13% during his tenure [3] - The ICBC Small and Medium Cap Mixed Fund reduced its holdings in Changshu Automotive Interior 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]

Core Viewpoint - Changshu Automotive Interior's stock price has shown significant growth this year, with a notable increase in trading activity and institutional holdings, indicating strong market interest and potential investment opportunities [2][3]. Stock Performance - As of September 26, Changshu Automotive Interior's stock price increased by 2.16% to 18.41 CNY per share, with a total market capitalization of 6.744 billion CNY [1]. - The stock has risen 30.99% year-to-date, with a 13.50% increase over the last five trading days, 25.07% over the last 20 days, and 38.63% over the last 60 days [2]. Trading Activity - The net inflow of main funds was 5.8095 million CNY, with significant buying and selling activity from large orders [1]. - The stock appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 23, showing a net buy of -27.521 million CNY [2]. Company Overview - Changshu Automotive Interior, established on July 25, 1996, and listed on January 5, 2017, specializes in the research, production, and sales of passenger car interior components [2]. - The company's revenue composition includes 85.88% from automotive parts manufacturing and 14.12% from mold inspection and development fees [2]. Financial Performance - For the first half of 2025, the company reported revenue of 2.78 billion CNY, a year-on-year increase of 17.18%, while net profit attributable to shareholders decreased by 15.63% to 216 million CNY [2]. Dividend Distribution - Since its A-share listing, Changshu Automotive Interior has distributed a total of 1.014 billion CNY in dividends, with 445 million CNY distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included several institutional investors, with notable increases in holdings from HSBC Jintrust New Power Mixed Fund and HSBC Jintrust Large Cap Stock Fund [3].