证券代码：603089 证券简称：正裕工业 公告编号：2025-083 浙江正裕工业股份有限公司 关于控股股东存续分立暨权益变动的提示性公告 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个别及连带责任。 重要内容提示： 本次权益变动基于控股股东存续分立而发生，不触及要约收购。 本次分立完成后，公司实际控制人保持不变，控股股东将由浙江正裕企 业管理有限公司（曾用名：浙江正裕投资有限公司，以下简称"正裕企业管理"、 "正裕投资"）变更为台州于乐控股有限公司（以下简称"于乐控股"），台州 豪享控股有限公司（以下简称"豪享控股"）及台州至高君合控股有限公司（以 下简称"至高君合控股"）与于乐控股构成一致行动关系。 本次权益变动尚需经上海证券交易所合规性确认，并在中国证券登记结 算有限责任公司上海分公司办理过户登记手续，相关事项存在不确定性，敬请投 资者注意投资风险。 浙江正裕工业股份有限公司（以下简称"公司"、"正裕工业"）控股股东 正裕投资拟以存续分立的方式，分立为正裕企业管理（存续公司）和于乐控股、 豪享控股及至高君合控股（新设公司）。具 ...

浙江正裕工业股份有限公司 简式权益变动报告书 上市公司名称：浙江正裕工业股份有限公司 股票上市地点：上海证券交易所 股票简称：正裕工业 股票代码：603089 信息披露义务人：浙江正裕企业管理有限公司 住所：玉环市玉城街道双港路422号 通讯地址：浙江省台州市玉环市玉城街道双港路422号 一致行动人之一：郑连松 住所：浙江省玉环市坎门解放南路*** 通讯地址：浙江省玉环市经济开发区正裕路1号 一致行动人之二：郑念辉 住所：浙江省玉环市坎门昌贸西路*** 通讯地址：浙江省玉环市经济开发区正裕路1号 一致行动人之三：郑连平 住所：浙江省玉环市坎门解放南路*** 通讯地址：浙江省玉环市经济开发区正裕路1号 股权变动性质：股份减少（公司分立） 签署日期：2025年10月31日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》、《中华人民共和国证券法》 （简称《证券法》）、《上市公司收购管理办法》（简称《收购管理办法》）、《公开 发行证券的公司信息披露内容与格式准则第15号——权益变动报告书》等相关法律、法 规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、本次权益变动尚需 ...

浙江正裕工业股份有限公司 收购报告书 上市公司名称：浙江正裕工业股份有限公司 股票上市地点：上海证券交易所 股票简称：正裕工业 股票代码：603089 收购人之一：台州于乐控股有限公司 住所：浙江省台州市玉环市玉城街道吾悦广场37幢1102室 通讯地址：浙江省台州市玉环市玉城街道吾悦广场37幢1102室 收购人之二：台州豪享控股有限公司 住所：浙江省台州市玉环市玉城街道吾悦广场37幢1101室 通讯地址：浙江省台州市玉环市玉城街道吾悦广场37幢1101室 收购人之三：台州至高君合控股有限公司 住所：浙江省台州市玉环市玉城街道吾悦广场37幢1103室 通讯地址：浙江省台州市玉环市玉城街道吾悦广场37幢1103室 一致行动人之一：郑连松 住所：浙江省玉环市坎门解放南路*** 通讯地址：浙江省玉环市经济开发区正裕路1号 一致行动人之二：郑念辉 住所：浙江省玉环市坎门昌贸西路*** 通讯地址：浙江省玉环市经济开发区正裕路1号 一致行动人之三：郑连平 住所：浙江省玉环市坎门解放南路*** 通讯地址：浙江省玉环市经济开发区正裕路1号 签署日期：2025年10月31日 收购人声明 一、本报告书依据《中华人民共和国公司法》《 ...

北京植德律师事务所 关于 《浙江正裕工业股份有限公司收购报告书》的 法律意见书 法律意见书 植德(证)字[2025]0052-1号 二〇二五年十月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编： 100007 12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话(Tel):010-56500900 传真(Fax):010-56500999 www.meritsandtree.com Merits Tree 植德 目 录 | 释 义 | | --- | | 一、收购人及其一致行动人的基本情况及主体资格 . | | 二、收购决定及收购目的 | | 三、收购方式及相关协议 | | 四、免于发出要约的情况 | | 五、后续计划 . | | 六、对上市公司的影响 . | | 七、与上市公司之间的重大交易 | | 八、前六个月买卖上市公司股份的情 ...

Core Viewpoint - Zhengyu Industrial announced a change in its controlling shareholder due to the division of Zhejiang Zhengyu Enterprise Management Co., Ltd, with 41.0321% of shares transferred to Yule Holdings, Haoshang Holdings, and Zhigao Junhe Holdings, while the actual controllers remain the Zheng brothers [1] Group 1 - The controlling shareholders after the equity change are Yule Holdings, Haoshang Holdings, and Zhigao Junhe Holdings, which form a concerted action relationship [1] - The actual controllers of the company are still Zheng Liansong, Zheng Nianhui, and Zheng Lianping, indicating no substantial change in control [1] - The combined shareholding ratio of the information disclosure obligors and their concerted actors remains at 60.0187% after the equity change [1] Group 2 - The share transfer was a result of the company's division and did not involve any cash transactions [1] - The transferred shares are free from any pledges, freezes, or other rights restrictions [1] - Apart from Zheng Liansong, who is still implementing a reduction plan, there are no other plans for share increases or decreases by the information disclosure obligors and their concerted actors in the next 12 months [1]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3]. Financial Data - The financial statements for the third quarter are unaudited, covering the period from the beginning to the end of the quarter [3][6]. - The report includes major accounting data and financial indicators, with specific attention to non-recurring gains and losses [3][5]. Shareholder Information - There is no change in the number of shareholders or the top ten shareholders' holdings compared to the previous period [4]. Other Important Information - The company will not apply new accounting standards or interpretations that would affect the financial statements for the year [5].

Core Viewpoint - Zhengyu Industrial is a leading domestic manufacturer of automotive shock absorbers, focusing on the research, production, and sales of automotive suspension system shock absorbers, with a strong presence in overseas markets [1] Group 1: Business Performance - In Q3 2025, Zhengyu Industrial achieved a revenue of 2.072 billion yuan, ranking 30th among 103 companies in the industry, significantly lower than the top company Weichai Power at 170.571 billion yuan and second-ranked Top Group at 20.928 billion yuan [2] - The revenue composition includes 997 million yuan from automotive suspension system shock absorbers (73.54%), 220 million yuan from engine sealing parts (16.19%), and 118 million yuan from rubber shock absorbers (8.69%) [2] - The net profit for the same period was 154 million yuan, ranking 34th in the industry, which is substantially lower than Weichai Power's 10.852 billion yuan and Top Group's 1.969 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhengyu Industrial's debt-to-asset ratio was 55.26%, a decrease from 57.34% year-on-year, but still above the industry average of 39.06%, indicating relatively high debt pressure [3] - The gross profit margin for Q3 2025 was 22.82%, down from 24.40% year-on-year, yet still higher than the industry average of 21.53%, suggesting a competitive edge in profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 34.60% to 15,900, while the average number of circulating A-shares held per shareholder decreased by 25.70% to 15,100 [5] - Notable shareholders include the sixth-largest shareholder, China Merchants Quantitative Selected Stock A, holding 2.9098 million shares, an increase of 267,200 shares from the previous period [5] Group 4: Future Outlook - Zhengyu Industrial is expected to release production capacity in 2024 with the launch of its intelligent manufacturing park and the commencement of operations at its Thailand factory, projecting a 52.1% year-on-year increase in suspension system shock absorber production to 20.62 million units [5] - Revenue is anticipated to grow by 31.0% year-on-year to 2.3 billion yuan in 2024, with a net profit of 70 million yuan, reflecting a 21.4% increase [5] - Forecasted net profits for 2025 to 2027 are 150 million yuan, 180 million yuan, and 210 million yuan, representing year-on-year growth rates of 109.8%, 20.5%, and 15.2% respectively [5]

Core Insights - The company reported a revenue of 2.072 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 26.36% [1] - The net profit attributable to shareholders reached 132 million yuan, showing a significant year-on-year increase of 182.22% [1] - The net profit after deducting non-recurring gains and losses was 80.05 million yuan, which is a year-on-year growth of 98.02% [1] - The basic earnings per share stood at 0.58 yuan [1]

Core Insights - Zhengyu Industrial (603089.SH) reported a revenue of 716 million yuan for Q3 2025, representing a year-on-year increase of 7.10% [1] - The net profit attributable to shareholders of the listed company was 13.41 million yuan, showing a year-on-year decline of 44.08% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 11.22 million yuan, reflecting a year-on-year decrease of 48.53% [1]

Revenue and Profit - Revenue for the third quarter reached ¥715,918,746.43, an increase of 7.10% year-over-year, while year-to-date revenue was ¥2,071,906,936.66, up 26.36% compared to the same period last year[4] - Total profit for the third quarter was ¥19,907,652.78, a decrease of 35.63% year-over-year, and year-to-date profit totaled ¥181,400,458.55, an increase of 169.70%[4] - Net profit attributable to shareholders for the third quarter was ¥13,411,052.03, down 44.08% year-over-year, while year-to-date net profit was ¥131,914,296.64, up 182.22%[4] - Operating profit for the first three quarters of 2025 was ¥183,348,490.63, compared to ¥68,808,446.21 in 2024, reflecting a significant growth[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥131,914,296.64, up from ¥46,742,192.64 in 2024, marking an increase of 182.5%[21] Earnings Per Share - The basic and diluted earnings per share for the third quarter were both ¥0.06, a decrease of 45.45% compared to the same period last year[5] - Earnings per share for the first three quarters of 2025 was ¥0.58, compared to ¥0.21 in the same period of 2024, indicating a substantial improvement[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥140,023,670.68, reflecting a significant increase of 452.18% compared to the same period last year[4] - Cash flow from operating activities for the first three quarters of 2025 was ¥2,165,710,026.96, compared to ¥1,584,604,277.24 in 2024, representing a 36.5% increase[22] - The net cash flow from operating activities was 140,023,670.68, a significant increase from 25,358,533.71 in the previous period, reflecting a growth of approximately 450%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,780,942,601.00, an increase of 8.21% from the end of the previous year[5] - Total assets increased to ¥3,780,942,601.00 in 2025 from ¥3,494,069,248.36 in 2024, showing a growth of 8.2%[17] - Total current liabilities decreased slightly to ¥1,617,317,327.60 from ¥1,639,449,666.28[16] - Total liabilities remained stable at ¥2,089,316,028.22 in 2025, slightly up from ¥2,089,148,694.90 in 2024[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,858[12] - Zhejiang Zhengyu Investment Co., Ltd. holds 41.03% of shares, totaling 98,490,595 shares[12] - Shareholders' equity attributable to the parent company was ¥1,495,993,493.96, up 21.46% from the end of the previous year[5] Research and Development - Research and development expenses increased to ¥106,444,632.61 in 2025 from ¥77,988,541.47 in 2024, reflecting a focus on innovation[20] - The decrease in profit for the third quarter was primarily due to adjustments in customer structure, exchange rate fluctuations, and increased R&D investment[9] Cash Management - The company reported a decrease in financial expenses to ¥12,638,515.99 in 2025 from ¥16,178,563.95 in 2024, indicating improved cost management[20] - The company paid 41,150,515.60 in dividends and interest, compared to 17,821,766.92, which is an increase of about 130%[23] Other Financial Metrics - Non-recurring gains and losses for the third quarter amounted to ¥2,196,073.31, with a year-to-date total of ¥51,866,639.62[8] - Other comprehensive income after tax for the first three quarters of 2025 was ¥1,893,522.09, compared to a loss of ¥3,235.79 in 2024, showing a positive turnaround[21] - The total cash outflow from investing activities was 275,080,822.96, compared to 308,193,238.32 in the prior period, indicating a decrease of about 10.7%[23] - The net cash flow from investing activities was -106,669,963.19, an improvement from -305,577,598.14, showing a reduction in losses by approximately 65%[23] - The cash and cash equivalents at the end of the period totaled 126,152,879.62, up from 39,897,217.62, representing an increase of approximately 215%[23] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]