来源：新浪证券-红岸工作室 12月11日，上海汽配跌0.79%，成交额3308.93万元，换手率1.00%，总市值50.74亿元。 异动分析 国企改革+中俄贸易概念+一带一路+新能源汽车+汽车热管理 1、公司属于国有企业。公司的最终控制人为上海市浦东新区北蔡镇人民政府。 2、公司上市保荐书：目前公司的燃油分配管主要客户为全球知名的发动机制造商，包括联合电子、博 格华纳（BorgWarner）、 IHO Group（大陆集团和纬湃科技） 、俄罗斯埃塔曼集团（NPP ITELMA LLC）等。上述客户与公司保持着长期稳定的合作关系，对方在供应商筛选方面具有严格的供应商认证 体系，供应商需通过严格的认证测试方可合作，一旦获得认可，会被列入其合格供应商目录。 3、2024年11月30日公告：为进一步加大海外市场开拓力度，完善落实公司国际化战略发展布局，提升 公司的综合实力和核心竞争力，公司拟在摩洛哥设立全资子公司（以下简称"标的公司"）。本次拟投资 自有资金不超过等值 1亿元人民币，具体投资时间及金额将根据当地注册资本实缴要求及标的公司实际 需求分批投入，投资金额主要用于设立标的公司、购买土地、新建厂房及装修、购买生 ...

来源：新浪证券-红岸工作室 12月9日，上海汽配跌0.07%，成交额2612.79万元，换手率0.78%，总市值51.61亿元。 异动分析 主力持仓 3、2024年11月30日公告：为进一步加大海外市场开拓力度，完善落实公司国际化战略发展布局，提升 公司的综合实力和核心竞争力，公司拟在摩洛哥设立全资子公司（以下简称"标的公司"）。本次拟投资 自有资金不超过等值 1亿元人民币，具体投资时间及金额将根据当地注册资本实缴要求及标的公司实际 需求分批投入，投资金额主要用于设立标的公司、购买土地、新建厂房及装修、购买生产设备及配套设 施等相关事项。 4、2024年12月5日公告，在热管理系统零部件方面，公司研发部门凭借着30余年的专业经验，快速响应 市场的变化，用极高的效率推出了符合新能源汽车质量标准的空调管路产品，赢得了客户的认可。 5、公司招股书：公司的汽车空调管路产品已广泛应用于Volkswagen AG、上汽通用、一汽-大众、上汽 集团、上汽大众、捷豹路虎、广汽乘用车、一汽丰田、广汽丰田的多款传统燃油车型，并已成为客户1 等新能源汽车空调管路的主要供应商之一。 (免责声明：分析内容来源于互联网，不构成投资建议， ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly in the context of new energy vehicles and global partnerships [3][7]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and went public on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes 79.38% from automotive thermal management system products, 18.86% from automotive engine system products, and 1.76% from other sources [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%. The net profit attributable to the parent company was 135 million yuan, with a slight increase of 0.28% year-on-year [8]. - Since its A-share listing, the company has distributed a total of 202 million yuan in dividends [9]. Market Position and Clientele - The company maintains long-term stable relationships with globally recognized engine manufacturers, including BorgWarner and NPP ITELMA LLC, which have stringent supplier certification systems [2]. - The company's air conditioning pipe products are widely used in various traditional fuel vehicles and have become a major supplier for several new energy vehicle models [3]. Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan to enhance its international strategy and operational capabilities [3]. - The research and development department has over 30 years of experience and has quickly adapted to market changes by launching air conditioning pipe products that meet new energy vehicle quality standards [3].

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。 上海汽车空调配件股份有限公司（以下简称"公司"）第三届董事会第二十 次会议审议通过了《关于使用部分暂时闲置募集资金进行现金管理及募集资金余 额以协定存款方式存放的议案》,在确保不影响募集资金投资项目建设和募集资 金使用的情况下，同意公司使用不超过人民币 20,000 万元（包含本数）暂时闲 置募集资金进行现金管理，同意公司将募集资金专户的款项余额以协定存款方式 存放以提高资金使用效率。保荐机构对本事项出具了无异议的核查意见。具体内 容详见公司于上海证券交易所网站（www.sse.com.cn）披露的《上海汽车空调配 件股份有限公司关于使用部分暂时闲置募集资金进行现金管理及募集资金余额 以协定存款方式存放的公告》（编号：2025-059）。 一、本次现金管理到期赎回的情况 证券代码：603107 证券简称：上海汽配 公告编号：2025-065 上海汽车空调配件股份有限公司关于使用部分 暂时闲置募集资金进行现金管理到期赎回的公告 公司本次使用部分暂时闲置募集资金进行现金管理到期赎回的 ...

南财智讯12月1日电，上海汽配公告，公司本次使用部分暂时闲置募集资金进行现金管理到期赎回，赎 回金额为8000万元，获得实际收益10.56万元。公司将持续加强募集资金管理，不会影响募集资金投资 项目进度和公司正常生产经营。 ...

Core Insights - The 2025 Automechanika Shanghai opened on November 26, showcasing a total of 7,465 exhibitors from 44 countries and regions, with an exhibition area of 383,000 square meters across 15 halls [1][3] Group 1: Participation and Exhibitors - The exhibition saw a significant increase in both domestic and international participation, featuring exhibition groups from 15 countries and regions, along with representatives from key domestic automotive industry bases [3] - Notable exhibitors included major automotive brands such as GAC Aion, Li Auto, Chery Holding, and Tesla, presenting a diverse range of products and solutions across the automotive ecosystem [3][4] Group 2: Focus on New Energy and Intelligent Connectivity - The new energy and intelligent connectivity sector expanded by 50%, highlighting core components and systems related to electrification, intelligent driving, and energy replenishment technologies [4] - Over 40% of exhibitors were involved in new energy and intelligent connectivity solutions, indicating a strong industry trend towards these areas [4] Group 3: International Influence and Attendance - The exhibition welcomed 15 international exhibition groups, with a 20% increase in display area, reflecting its growing global appeal [6] - Pre-registered audience numbers increased by approximately 25% compared to the previous year, with participation from nearly 160 countries and regions [6] Group 4: Events and Forums - The event featured a record number of activities, including 94 high-quality forums and technical seminars covering industry trends and technological advancements [6][7] - Key forums included the International Development Summit for Intelligent Connected Vehicles and the Automotive Aftermarket Summit, focusing on innovation and collaboration within the industry [9] Group 5: Specialized Areas and Innovations - New thematic workshops addressed critical topics such as thermal management for electric vehicles and innovations in power systems, supporting the development of a sustainable automotive ecosystem [7] - The exhibition also introduced a green repair area and a modification and technology zone, promoting sustainable practices and the latest trends in vehicle customization [9]

Core Insights - The 2025 Automechanika Shanghai has set new records in exhibitor numbers and exhibition area, with 7465 exhibitors and an exhibition area of 383,000 square meters, marking increases of 10% and 9% respectively compared to the previous edition [1] - 40% of exhibitors are involved in the fields of new energy and intelligent connected solutions, highlighting China's role as a global hub for automotive production, sales, and innovation in new energy technology [1] - The new energy and intelligent connected exhibition area has expanded by 50% to 40,000 square meters, featuring 650 companies showcasing key components and systems related to electrification, intelligent connectivity, and more [1] Industry Trends - An emerging trend is the shift of vehicle manufacturers from being mere visitors in previous editions to becoming exhibitors, indicating a proactive approach to optimizing supply chain layouts and fostering closer collaboration between vehicle and parts manufacturers [2] - The exhibition is co-hosted by Frankfurt Exhibition (Shanghai) Co., Ltd. and China National Machinery Import & Export Corporation, and is expected to attract over 24,000 visitors from nearly 160 countries and regions, with pre-registered visitor numbers up by approximately 25% compared to the previous edition [2]

来源：新浪证券-红岸工作室 11月24日，上海汽配涨0.13%，成交额3546.10万元，换手率1.08%，总市值51.01亿元。 异动分析 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-200.74万，占比0.06%，行业排名159/257，连续3日被主力资金减仓；所属行业主力净 流入-3.12亿，连续3日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-200.74万-869.54万-1354.00万-2165.75万-3532.20万 中俄贸易概念+国企改革+一带一路+新能源汽车+汽车热管理 主力持仓 1、公司上市保荐书：目前公司的燃油分配管主要客户为全球知名的发动机制造商，包括联合电子、博 格华纳（BorgWarner）、 IHO Group（大陆集团和纬湃科技） 、俄罗斯埃塔曼集团（NPP ITELMA LLC）等。上述客户与公司保持着长期稳定的合作关系，对方在供应商筛选方面具有严格的供应商认证 体系，供应商需通过严格的认证测试方可合作，一旦获得认可，会被列入其合格供应商目录。 2、公司属于国有企业。公司的最终控制人为上海 ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through investments in Morocco and the development of new products for the electric vehicle market [3][7]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and went public on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes automotive thermal management system products (79.38%), automotive engine system products (18.86%), and others (1.76%) [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%. The net profit attributable to the parent company was 135 million yuan, with a slight increase of 0.28% year-on-year [8]. - Since its A-share listing, the company has distributed a total of 202 million yuan in dividends [9]. Market Activity - On November 21, the company's stock price fell by 1.95%, with a trading volume of 62.2339 million yuan and a turnover rate of 1.88%. The total market capitalization stood at 5.094 billion yuan [1]. - The stock has seen a net outflow of 1.1963 million yuan from major investors, indicating a reduction in holdings over the past two days [4]. Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan, aimed at enhancing its international strategy and operational capabilities [3]. - The company has established long-term stable relationships with major global engine manufacturers, which include strict supplier certification processes, ensuring quality and reliability in its supply chain [2]. Product Development - The company's R&D department has leveraged over 30 years of expertise to quickly adapt to market changes, successfully launching air conditioning pipe products that meet the quality standards for electric vehicles [3]. - The automotive air conditioning pipe products are widely used in various traditional fuel models and have become a key supplier for electric vehicle air conditioning systems [3].

Core Points - Shanghai Automotive Air Conditioning Parts Co., Ltd. announced a share reduction plan involving its shareholders Glory International and Dizhikai International Trading [2] Group 1 - Glory International holds 46,039,764 shares, accounting for 13.6481% of the total share capital of the company [2] - Dizhikai holds 4,572,270 shares, representing 1.3554% of the total share capital [2] - By the end of the reduction plan on November 19, 2025, Glory and Dizhikai plan to reduce their total shareholding by 5,317,500 shares, which is 1.58% of the total share capital [2]