Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focused on the development, production, and sales of automotive air conditioning pipes and fuel distribution pipes, with a significant emphasis on expanding its international market presence and enhancing its core competitiveness through strategic investments [2][3][7]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and listed on November 1, 2023. The company is located in the Pudong New District of Shanghai and primarily engages in the automotive parts sector, specifically in automotive thermal management systems and engine systems [7]. - The company's revenue composition includes 79.38% from automotive thermal management products, 18.86% from 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 is a state-owned enterprise controlled by the People's Government of Beicai Town, Pudong New District, Shanghai. It has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC [2][3]. - The company's air conditioning pipe products are widely used in various traditional fuel vehicles and have become a key supplier for several major automotive brands, including Volkswagen AG and SAIC Motor [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 market strategy and operational capabilities [2]. - The research and development 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 new energy vehicles [3].

证券代码：603107 证券简称：上海汽配 公告编号：2025-067 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 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。 2024 年 10 月 29 日，公司第三届董事会第十二次会议和公司第三届监事会 第十一次会议审议通过了《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》,自董事会审议通过之日起 12 个月内有效， 在额度及使用期限范围内，资金可以循环滚动使用。2025 年 10 月 28 日,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》,自董事会审议通过之日起 12 个月内有效，在额度及使用期限范围内，资金可以循环滚动使用。保荐机构对前 述事项出具了无异议的核查意见。 一、本次现金管理到期赎回的情况 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基本情况如 注：因 2025 年 12 月 28 日为法定休息日，故顺延至 ...

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 trade initiatives [2][3]. 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]. - The company has distributed a total of 202 million yuan in dividends since its A-share listing [9]. Market Position and Strategy - The company is a state-owned enterprise controlled by the People's Government of Beicai Town, Pudong New District, Shanghai. It has established long-term stable relationships with major global engine manufacturers, which require strict supplier certification processes [2]. - To enhance its international strategy, the company plans to invest up to 100 million yuan in establishing a wholly-owned subsidiary in Morocco, focusing on setting up operations and acquiring necessary facilities [2]. Product Development - The company's R&D department has over 30 years of experience and has quickly adapted to market changes by launching air conditioning pipe products that meet the quality standards for new energy vehicles, gaining recognition from clients [3]. - The automotive air conditioning pipe products are widely used in various traditional fuel models and have become a major supplier for first-tier new energy vehicle manufacturers [3]. Stock Performance - As of December 25, the stock price of Shanghai Automotive Air Conditioning Parts Co., Ltd. increased by 0.67%, with a trading volume of 29.2047 million yuan and a market capitalization of 5.097 billion yuan [1]. - The stock has seen a net inflow of 961,800 yuan from major investors, indicating a lack of clear trends in major holdings [4][5].

12月24日，上海汽配大宗交易成交20万股，成交额292.6万元，占当日总成交额的9.41%，成交价14.63 元，较市场收盘价15.01元折价2.53%。 ...

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 trade initiatives [2][3]. 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]. - The company has distributed a total of 202 million yuan in dividends since its A-share listing [9]. Market Activity - On December 24, the stock price of Shanghai Automotive increased by 0.60%, with a trading volume of 28.1698 million yuan and a turnover rate of 0.86%. The total market capitalization reached 5.063 billion yuan [1]. - The company has seen a net outflow of 242,200 yuan from major investors today, with a ranking of 130 out of 259 in the industry [4][5]. 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 [2]. - The company has developed air conditioning pipe products that meet the quality standards for new energy vehicles, leveraging over 30 years of expertise in the thermal management system components [3]. Client Relationships - The company maintains long-term stable relationships with globally recognized engine manufacturers, including BorgWarner and NPP ITELMA LLC, which have stringent supplier certification processes [2]. - Its automotive air conditioning pipe products are widely used by major clients such as Volkswagen AG, SAIC General Motors, and others, establishing the company as a key supplier for new energy vehicle air conditioning systems [3].

Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management to enhance fund efficiency and reduce financial costs while ensuring that it does not affect the construction of investment projects [2][3][8] Investment Details - The investment amount for this cash management initiative is RMB 60 million [3][4] - The funds will be managed through high-security, liquid, and capital-preserving financial products, specifically structured deposits [4][6] Fund Management Context - As of the announcement date, all raised funds for supplementary working capital projects have been fully invested, resulting in a balance of zero [3] - The remaining raised funds will be allocated to the construction project of Zhejiang Hailite Automotive Air Conditioning Parts Co., Ltd., which involves the production of 19.1 million automotive air conditioning pipes and other components [3] Risk Management - The company has established risk control measures, including the authorization of the management team to make investment decisions and the involvement of the internal audit department to oversee the use and custody of funds [6][7] - The investment strategy excludes stocks and derivatives to mitigate risk [6][7] Impact on Company - The cash management of temporarily idle funds will not affect the ongoing investment projects or the normal development of the company's main business, aligning with the interests of the company and its shareholders [8] - The approach to managing cash products will comply with the "New Financial Instruments Standards," potentially impacting financial asset categories such as "trading financial assets," "cash and cash equivalents," "investment income," and "financial expenses" [8]

12月23日，上海汽配大宗交易成交20万股，成交额291万元，占当日总成交额的7.65%，成交价14.55元，较市场收盘价14.92元折价2.48%。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-23 | 上海汽配 | 603107 | 14.55 291 | 20 | 长城证券股份有限 | 兴业证券股份有限 | | ...

证券代码：603107 证券简称：上海汽配 公告编号：2025-066 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的进展公告 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。 重要内容提示： 2025 年 10 月 28 日,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》。 特别风险提示 本次购买的理财产品属于安全性高、流动性好、保本型金融产品，总体风险 可控，但金融市场受宏观经济的影响较大，不排除该项投资受到市场波动的影响。 提醒广大投资者注意投资风险。 一、投资情况概述 （一）投资目的 由于募集资金投资项目建设需要一定周期且根据公司募集资金的使用计划， 公司的部分募集资金存在暂时闲置的情形。 （四）投资方式 公司本次使用闲置募集资金进行现金管理的基本情况如下： | 产品名称 | 受托方 | 产品 | 产品 | 投资 | 收益类 | 预计 年化 | 是否构 成关联 | 是否符合 安全性高、 | 是否存在变 相改变募集 | ...

12月22日，上海汽配大宗交易成交20万股，成交额294.4万元，占当日总成交额的6.38%，成交价14.72 元，较市场收盘价15.1元折价2.52%。 | 交易日期 -- 证券简称 | | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 025-12-22 | 上海汽配 | 603107 | 14.72 294.4 | 20 | 公園正書院學園 | 發生活著價值發點 | 超 | ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is actively expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly focusing on new energy vehicles and thermal management systems. Group 1: Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and listed 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]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved operating 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]. - The company has distributed a total of 202 million yuan in dividends since its A-share listing [9]. Group 3: Market Position and Clientele - The company’s fuel distribution pipes are primarily supplied to globally recognized engine manufacturers, including BorgWarner and NPP ITELMA LLC, indicating a stable long-term partnership with strict supplier certification processes [2]. - The company has become a major supplier of air conditioning pipes for various traditional fuel models and has established itself as a key supplier for new energy vehicle air conditioning systems [3]. Group 4: Strategic Initiatives - To enhance its international market development, the company plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan, aimed at setting up operations and purchasing necessary facilities [3]. - 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 new energy vehicle quality standards [3]. Group 5: Stock Performance and Trading Activity - On December 19, the stock price of Shanghai Automotive increased by 1.01%, with a trading volume of 39.35 million yuan and a turnover rate of 1.20%, resulting in a total market capitalization of 5.057 billion yuan [1]. - The stock has shown a net outflow of 3.59 million yuan from major investors today, with a lack of significant trends in major holdings [4][5].