Core Viewpoint - Tiancheng Control (603085.SH) has been designated as a key supplier for a passenger car seat assembly project by a well-known domestic automotive company, marking a significant recognition of its innovation, R&D capabilities, and product quality [1] Group 1: Project Details - The project is expected to commence mass production in March 2026 and has a lifecycle of five years [1] - During the project period, a total of 480,000 passenger vehicles are projected to be equipped with the seats [1] Group 2: Strategic Implications - This collaboration highlights the company's ongoing expansion and deepening presence in the passenger vehicle market [1] - The partnership is expected to strengthen and enhance the company's influence in the passenger vehicle sector, further increasing its market share in the passenger car seat business [1] - The company will continue to actively explore the passenger car seat market and enhance its strategic positioning in this area [1]

证券代码：603085 证券简称：天成自控 公告编号：2025-076 一、概况 浙江天成自控股份有限公司（以下简称"公司"）全资子公司安徽天成自控 汽车座椅有限公司（以下简称"安徽天成"）于近日收到国内某知名汽车企业（限 于保密协议，无法披露其名称，以下简称"客户"）乘用车座椅总成项目的定点 通知，安徽天成被确定为该客户某乘用车座椅总成项目的定点供应商。根据客户 规划，项目预计 2026 年 3 月开始量产，项目生命周期 5 年，预计项目周期内配 套乘用车总量为 48 万辆。 二、对公司的影响 公司再次获得该客户项目定点标志着客户对公司持续创新能力、研发能力、 产品质量及全产业链配套能力的认可。此次合作是公司在乘用车市场不断拓展和 深化的表现，有利于巩固与提升公司在乘用车领域的影响力，进一步提升公司乘 用车座椅业务的市场份额，对公司稳健持续发展具有重要意义。公司将继续积极 拓展乘用车座椅市场，并进一步加强在乘用车座椅业务上的布局。 浙江天成自控股份有限公司 关于子公司收到客户项目定点通知的公告 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 ...

Core Viewpoint - Tiancheng Control's subsidiary, Anhui Tiancheng, has been designated as a key supplier for a well-known domestic automotive company's passenger car seat assembly project, with production expected to start in March 2026 and a project lifecycle of five years [1] Group 1 - Anhui Tiancheng has received a fixed-point notification for the passenger car seat assembly project from a prominent domestic automotive enterprise [1] - The project is projected to support a total of 480,000 passenger vehicles over its lifecycle [1] - The expected start of mass production for the project is March 2026 [1]

Core Viewpoint - Tiancheng Control's wholly-owned subsidiary, Anhui Tiancheng Control Automotive Seat Co., Ltd., has received a project confirmation notice for passenger car seat assembly from a well-known domestic automotive company, with mass production expected to start in March 2026 and a project lifecycle of five years, anticipating a total supply of 480,000 passenger vehicles [1] Group 1 - The project is set to begin mass production in March 2026 [1] - The lifecycle of the project is projected to last for five years [1] - The total expected supply of passenger vehicles is 480,000 units [1]

Group 1 - On November 10, Tiancheng Zikong executed a block trade of 400,000 shares, with a transaction amount of 4.28 million yuan, accounting for 6.32% of the total transaction amount for the day [1] - The transaction price was 10.7 yuan, which was flat compared to the market closing price of 10.7 yuan [1]

浙江天成自控股份有限公司 2025 年第四次临时股东大会资料 浙江天成自控股份有限公司 （浙江省天台县西工业区） 2025 年第四次临时股东大会 会议资料 2025 年 11 月 13 日 浙江天成自控股份有限公司 2025 年第四次临时股东大会资料 浙江天成自控股份有限公司 2025 年第四次临时股东大会会议须知 1 浙江天成自控股份有限公司 2025 年第四次临时股东大会资料 浙江天成自控股份有限公司 2025 年第四次临时股东大会现场会议议程 2 一、与会人员签到； 二、大会主持人宣布会议开始，介绍本次股东大会的出席情况； 三、宣读公司 2025 年第四次临时股东大会会议须知； 四、选举监票、计票人员； 五、宣读本次会议议案内容： 1、《关于修订〈公司章程〉的议案》； 2.00《关于修订公司部分管理制度的议案》； 2.01《关于修订〈股东会议事规则〉的议案》； 2.02《关于修订〈董事会议事规则〉的议案》； 2.03《关于修订〈募集资金管理制度〉的议案》； 2.04《关于修订〈独立董事工作制度〉的议案》； 2.05《关于修订〈关联交易决策制度〉的议案》； 2.06《关于修订〈对外担保管理制度〉的议案》； ...

Group 1: Industry Overview - The global automotive seat market is projected to reach approximately $1186 billion by 2030, with a compound annual growth rate (CAGR) of 3.9% from 2025 to 2030 [5] - In 2024, the global automotive seat market size is estimated to be around $941.3 billion, driven by increasing automotive production and consumer demand for quality and comfort [5] - The Asia-Pacific region dominates the automotive seat market with a share of about 41% in 2024, while North America holds approximately 28% [2] Group 2: Competitive Landscape - Major international suppliers like Faurecia and Johnson Controls lead the high-end market through technological advancements and global strategies, while local companies like Huayu Automotive and Toyota Boshoku are enhancing their market share in the mid-to-high-end segments [2] - North American Tier 1 suppliers such as Adient, Lear, and Magna cover the entire supply chain from seat frames to smart integration, strengthening ties with local automakers like GM, Ford, and Stellantis [2] Group 3: Market Dynamics in China - As of May 2025, there are over 6400 registered automotive seat enterprises in China, indicating a growing competitive landscape [7] - The number of newly registered automotive seat companies in China has shown a consistent upward trend, with approximately 2075 new companies established between 2016 and 2020 [7] - The registered capital of Chinese automotive seat companies is predominantly in the range of 10 million to 50 million yuan, with 25% of companies falling within this category [9]

Core Insights - The automotive seat industry in China is experiencing significant financing activities, primarily through private placements aimed at acquiring equity and expanding production capacity [2][3][11] - Major players in the industry include Huayu Automotive, Fuwei Co., Tianc Control, Jifeng Co., Shuanglin Co., and others, with a focus on innovative and intelligent seat solutions [1][11] Financing Activities - The financing methods of listed companies in the automotive seat industry mainly involve private placements, with funds primarily allocated for equity acquisitions and working capital [2][3] - Notable financing events include: - Jifeng Co. raised 1.163 billion yuan for multiple projects including automotive interior production and flow capital [3] - Fuwei Co. raised 622 million yuan for smart automotive products and R&D center projects [3] - Huayu Automotive raised 891 million yuan for various projects including acquisitions and production capacity expansions [3] Investment Trends - The automotive seat industry is seeing a trend towards A-round financing, with a variety of companies involved in smart seat technology and component R&D [4][5] - Key investment events include: - Guanghua Rongchang's undisclosed amount in a private investment [5] - Tiancheng Control's 164.22 million yuan equity transfer for seat development [5] - Yanfeng's 8.06364 billion yuan equity transfer for innovative seating systems [5] Market Dynamics - The market concentration in the automotive seat industry is significant, with major global players like Lear, Faurecia, and Adient dominating the market [13] - The industry's concentration ratio (CR3) is 50% and CR5 is 69%, indicating a competitive landscape with a few key players holding substantial market shares [13][14] - The shift towards electric and intelligent vehicles is driving demand for integrated cockpit solutions, pushing suppliers to innovate and enhance their offerings [13]

Core Viewpoint - Tiancheng Control (603085.SH) reported a decline in institutional ownership in its third-quarter report for 2025, with a total of 1.83 billion shares held by six institutional investors, representing 46.15% of the total share capital, down by 2.27 percentage points from the previous quarter [1] Institutional Ownership - As of October 28, 2025, six institutional investors disclosed their holdings in Tiancheng Control, totaling 1.83 billion shares, which accounts for 46.15% of the company's total share capital [1] - The institutional investors include Zhejiang Tiancheng Ke Investment Co., Ltd., Beijing Yuan Cheng Asset Management Co., Ltd., Yunnan International Trust Co., Ltd., Zhejiang Donggang Industrial Co., Ltd., Guotai Jiatai Pension Product, and the Monetary Authority of Macao [1] - The institutional ownership percentage decreased by 2.27 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, 32 public funds were not disclosed compared to the previous quarter, including funds such as Yongying Low Carbon Environmental Smart Selection Mixed Fund A, GF Quantitative Multi-Factor Mixed Fund A, and Wanji Zhongzheng 1000 Index Enhanced Fund A [1] Foreign Investment Attitude - The only foreign institution that did not disclose its holdings in this period compared to the previous quarter is the Monetary Authority of Macao [1]

Core Viewpoint - The automotive parts industry in A-shares is experiencing positive growth, with over 60% of the 129 listed companies reporting a year-on-year increase in net profit for the first three quarters of 2025, driven by the recovery of the global automotive market and the rise of new energy vehicles [1] Group 1: Industry Performance - 73 listed companies in the automotive parts sector achieved both revenue and net profit growth in the first three quarters of this year, with some companies like Wuhu Fushai Technology and Chengdu Xiling Power Technology reporting net profit growth exceeding 100% [1] - The demand for new energy vehicles is a key factor driving the positive performance of automotive parts companies, with Jiangsu Bojun Industrial Technology reporting steady growth in main business revenue due to increased orders in the new energy vehicle sector [2] - In September, new energy vehicle production and sales reached 1.617 million and 1.604 million units, respectively, marking year-on-year increases of 23.7% and 24.6% [2] Group 2: Technological Transformation - The intelligent transformation of the industry is contributing to new growth, with Zhejiang Shibao reporting a 35.44% year-on-year increase in revenue, benefiting from trends in electrification, intelligence, and globalization [3] Group 3: Expansion into Robotics - Automotive parts companies are increasingly focusing on emerging fields such as robotics, with Ningbo Fangzheng Automotive Mould signing a strategic cooperation agreement to develop deep-sea robot components [4] - Zhejiang Rongtai Electric Equipment has made significant investments in humanoid robotics, acquiring stakes in companies to establish a foundation in precision transmission and intelligent equipment [4] - Jin Guo Co. is exploring the application of its "Avatar Ni Microalloy Material" in emerging fields like embodied intelligent robots, with plans for mass production by the end of the year [4] Group 4: Industry Synergies - The production of automotive parts and robotics shares technological similarities, allowing for rapid technology transfer during product development [5] - The established supply chain management capabilities and customer resources of automotive parts companies provide a natural advantage for entering the robotics sector [6] - Expanding into robotics can reduce reliance on the automotive industry, mitigate cyclical risks, and enhance long-term growth potential [6]