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 ...

Group 1 - The company announced the redemption of 80 million yuan of temporarily idle raised funds for cash management, resulting in an actual gain of 105,600 yuan [1] - The company will continue to strengthen the management of raised funds, ensuring that it will not affect the progress of investment projects or the normal production and operation of the company [1]

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]

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. Group 1: 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, 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 Activity - On November 24, the stock price of Shanghai Automotive increased by 0.13%, with a trading volume of 35.461 million yuan and a turnover rate of 1.08%. The total market capitalization is 5.101 billion yuan [1] - The stock has seen a net outflow of 2.0074 million yuan from major investors today, with a continuous reduction in major funds over the past three days [4][5] Group 4: Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of no more than 100 million yuan, aimed at enhancing its international strategy and overall competitiveness [3] - The company has developed air conditioning pipe products that meet the quality standards for electric vehicles, leveraging over 30 years of expertise in the thermal management system components [3]

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]

Group 1 - The core point of the article is that Shanghai Automotive Parts (603107.SH) announced a share reduction plan, where Glory and Dizhikai reduced their holdings by a total of 5,317,500 shares, accounting for 1.58% of the company's total share capital [1]

证券代码：603107 证券简称：上海汽配 公告编号：2025-064 上海汽车空调配件股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，上海汽车空调配件股份有限公司（以下简称"公司"） 股东格洛利國際公司（以下简称"格洛利"）持有公司股份 46,039,764 股，占公 司总股本的 13.6481%，股东迪之凯国际贸易（上海）有限公司（以下简称"迪 之凯"）持有公司股份 4,572,270 股，占公司总股本的 1.3554%。格洛利与迪之 凯所持股份来源为 IPO 前取得，格洛利与迪之凯为一致行动人。 减持计划的实施结果情况 公司于 2025 年 7 月 30 日披露了《上海汽车空调配件股份有限公司股东减持 股份计划公告》（2025-039），格洛利与迪之凯拟通过大宗交易及集中竞价交易方 式减持公司股份合计不超过 5,900,000 股，即不超过公司总股本的 1.75%。其中， 通过大宗交易减持的，自减持计划公告披露之日起 1 ...