证券代码：603109 证券简称：神驰机电 公告编号：2025-042 神驰机电股份有限公司 关于孙公司涉及诉讼的进展公告 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个别及连带责任。 重要内容提示: 案件所处的阶段：双方签订和解协议。 上市公司所处的当事人地位：公司全资孙公司神驰动力美国有限公司（以 下简称"美国神驰"）为被告。 涉案金额：约 560 万美元。 是否会对上市公司损益产生负面影响：根据和解协议，公司将向原告支 付 49.8 万美元作为和解款项，该笔和解款项计入公司营业外支出。 一、基本情况 公司于 2023 年 5 月 18 日披露了《关于孙公司涉及诉讼的公告》（公告编号： 2023-053）。GSG 公司作为美国神驰在波多黎各地区的分销商，以"美国神驰违 反双方签订的协议通过其他渠道向波多黎各地区销售产品，损害了其作为美国神 驰在波多黎各地区独家分销商的权利"为由，向美国波多黎各地区地方法院提起 诉讼并提出以下请求： 1、判决被告向 GSG 公司支付应付但未付佣金，金额不少于 300,000.00 美元， 以及在美国 ...

证券代码：603109 证券简称：神驰机电 公告编号：2025-041 神驰机电股份有限公司 一、本次到期赎回的基本情况 公司于 2024 年 12 月 4 日、2025 年 3 月 4 日使用闲置募集资金向重庆农商 行北碚支行购买了金额为 16,000 万元的定期存款理财产品，上述定期存款理财 产品于近日赎回，收回本金 16,000 万元，实现收益 84.25 万元。 二、截至本公告日，公司最近十二个月使用募集资金现金管理的情况 单位：万元 关于使用部分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个别及连带责任。 公司于 2024 年 8 月 29 日召开第四届董事会第二十三次会议、第四届监事会 第二十一次会议，会议审议通过了《关于使用闲置募集资金进行现金管理的议 案》，同意公司自该次董事会审议通过之日起 12 个月内使用不超过人民币 2.5 亿元的暂时闲置募集资金进行现金管理，购买安全性高、流动性好、保本型的理 财产品，上述额度可以滚动使用。保荐机构对上述事项发表了明确的同意意见。 具体内容 ...

证券代码：603109 证券简称：神驰机电 公告编号：2025-040 神驰机电股份有限公司 关于股份回购进展公告 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： | 回购方案首次披露日 | 2024/7/20 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 个月 12 | | 预计回购金额 | 5,000万元~8,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 312.266万股 | | 累计已回购股数占总股本比例 | 1.5% | | 累计已回购金额 | 5,021.35万元 | 特此公告。 神驰机电股份有限公司董事会 2025 年 6 月 4 日 一、回购股份的基本情况 根据《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等规定： 回购股份期间，上市公司应当在每个月的前 3 个交易日内公告截至上月末的回购 进展情况。 神驰机电股份有限公司于 20 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance [4][11]. Core Views - The company achieved significant growth in Q1 2025, with revenues of 732 million yuan, a year-on-year increase of 38.78%, and a net profit of 70 million yuan, reflecting a remarkable growth of 284.73% [2][8]. - The company specializes in the research, manufacturing, and sales of small generators, general gasoline engines, and terminal products, positioning itself ahead of competitors in the development of its own brand in the market [11][10]. - With the gradual recovery of overseas demand, the company is expected to seize the opportunity of industry supply-demand reversal to rapidly increase its market share, projecting net profits of 322 million yuan and 441 million yuan for 2025 and 2026, respectively [11][12]. Summary by Sections Financial Performance - In 2024, the company reported total revenue of 2.74 billion yuan, a slight increase of 2.96% year-on-year, while net profit decreased by 14.35% to 194 million yuan [2][3]. - The Q1 2025 results show a strong recovery with revenues of 732 million yuan and net profits of 70 million yuan, marking substantial year-on-year growth [2][8]. - The company's gross margin for 2024 was 25.92%, with a net margin of 7.07%, while Q1 2025 saw a gross margin of 25.52% and a net margin of 9.50% [8][12]. Business Segments - The company’s revenue from motor products in 2024 was 436 million yuan, down 12.27% year-on-year, while general power products saw an 83.56% increase in revenue to 132 million yuan [3][13]. - Terminal products generated 1.82 billion yuan in revenue in 2024, reflecting a stable growth trajectory [3][8]. Market Positioning - The company has established a strong presence in the U.S. market, with its own brand products entering major retail channels such as COSTCO and AMAZON, enhancing its brand recognition overseas [10][11]. - The company benefits from a full industry chain layout, which helps improve overall profit margins and mitigate market risks [9][10].

Summary of the Conference Call for Shenchi Machinery Company Overview - Shenchi Machinery is a private enterprise established in the 1990s, independently listed in 2019. The company operates in two main segments: components and end products, with a significant focus on small generator starter motors, producing approximately 2 million units annually, capturing 20% of the global market share [4][5]. Industry Insights - The general machinery industry has seen a significant increase in orders since Q3 2024, primarily due to the end of the destocking cycle and rising market demand, particularly in the generator sector, which has been accelerated by natural disasters [2][15]. - The Chinese manufacturing sector is expected to experience a rebound, with the underlying competitiveness significantly enhanced since 2018, allowing it to navigate tariff impacts effectively [3]. Key Financial Metrics - In Q1, the overall profit was approximately 70 million yuan, with March net profit reaching 35 million yuan. The second quarter is expected to see sales revenue surpassing the same period last year, supported by a robust order backlog [2][18]. Market Strategy - Shenchi has strategically established production bases in Vietnam and adjusted its North American market strategy to mitigate tariff impacts from trade wars, achieving a cost advantage globally [2][11]. - The company has a strong presence in the U.S. market, with sales from its own brand accounting for 40% of total revenue, while also expanding into emerging markets like Russia and Nigeria [2][4]. Capacity Expansion - Since its listing in 2019, Shenchi has been expanding its production capacity significantly, with plans to triple its capacity through domestic factory expansions, land purchases in Vietnam, and new facilities in the U.S. [2][8][19]. - The company has invested 80 million yuan in land acquisition in Vietnam and has purchased over 20,000 square meters of factory space in the U.S. to support production and storage [8][19]. Competitive Advantages - Shenchi's products are characterized by high quality and customer loyalty, with superior performance metrics compared to competitors, such as lower waveform distortion rates and longer continuous operation times [23]. - The company maintains a competitive edge in North America and Europe through cost-effective production of core components and customized services, allowing it to replace foreign competitors effectively [4][20]. Future Outlook - The company anticipates 2025 to be a pivotal year for rapid growth, with confidence in converting increased capacity into orders and market share [15][27]. - Shenchi plans to diversify into the robotics sector, leveraging its existing technology and considering acquisitions to expedite market entry [22][25]. Challenges and Risks - Despite the positive outlook, the company acknowledges potential challenges from foreign exchange fluctuations due to U.S. dollar interest rate hikes, which have impacted orders in some regions [7][11]. - The company is also preparing for potential supply chain disruptions following the expiration of a 90-day grace period for U.S. suppliers [18]. Conclusion - Shenchi Machinery is well-positioned to capitalize on the recovery in the general machinery industry, with a robust strategy for market expansion, capacity enhancement, and product diversification, while maintaining a strong focus on quality and customer satisfaction [2][24].

证券代码： 603109 证券简称： 神驰机电 公告编号： 2025-039 神驰机电股份有限公司 2024年年度股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 5 月 13 日 (二)股东会召开的地点：重庆市北碚区蔡家岗镇嘉德大道 46 号神驰办公楼 3 楼 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 163 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 125,996,520 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 61.2449 | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由董事长艾纯先生主持会议，会议表决方式符合《公司法》及《公司 章程》的规定。 (五)公司董事、监事和董事会秘书的出席 ...

二〇二五年五月 国浩律师（重庆）事务所 关于 神驰机电股份有限公司 2024 年年度股东会的 法律意见书 中国重庆市江北区江北城西大街 25 号平安财富中心 8 楼 邮编：400023 8th Floor, Pingan Fortune Centre, No.25 West Avenue, Jiangbei Town, Jiangbei District, Chongqing, P.R.China 电话/Tel: +8623 8679 8588 6775 8383 传真/Fax: +8623 8679 8722 网址/Website: http://www.grandall.com.cn 法律意见书 国浩律师（重庆）事务所 关于神驰机电股份有限公司 2024 年年度股东会的 法律意见书 2025 意字第 02302447 号 致：神驰机电股份有限公司 国浩律师（重庆）事务所（以下简称"本所"）系经重庆市司法局批准成立的法 律服务执业机构，持有重庆市司法局颁发的《律师事务所执业许可证》。现根据贵公司的 委托，指派本所律师列席贵公司于2025 年 5 月 13 日召开的 2024 年年度股东会（以下 简称"本次股 ...

神驰机电股份有限公司 关于股份回购进展公告 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： 证券代码：603109 证券简称：神驰机电 公告编号：2025-038 神驰机电股份有限公司于 2025 年 4 月 10 日召开了第五届董事会第三次会议， 审议通过了《关于调整回购股份价格上限的议案》，公司将回购价格上限由人民币 13 元/股（含）调整至人民币 23 元/股（含）。除调整股份回购价格上限外，本次 回购股份方案的其他内容保持不变。 二、回购股份的进展情况 根据《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等规定： 回购股份期间，上市公司应当在每个月的前 3 个交易日内公告截至上月末的回购 进展情况。 截至 2025 年 4 月 30 日，公司已累计回购股份 312.266 万股，占公司总股本 的比例为 1.5%，购买的最高价为 20.92 元/股、最低价为 11.61 元/股，已支付的 总金额为 5,021.35 万元（不含印花税、交易佣金等交易费用）。 三、其他事项 公司将严格按照《上市公司 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥732,044,767.21, representing a 38.78% increase compared to ¥527,481,416.17 in the same period last year[5] - Net profit attributable to shareholders was ¥69,571,392.81, a significant increase of 284.73% from ¥18,083,360.81 year-on-year[5] - The basic earnings per share rose to ¥0.3331, reflecting a 287.33% increase compared to ¥0.0860 in the previous year[5] - Total operating revenue for Q1 2025 reached ¥732,044,767.21, a 38.7% increase from ¥527,481,416.17 in Q1 2024[18] - Net profit for Q1 2025 was ¥69,571,392.81, compared to ¥18,083,360.81 in Q1 2024, representing a significant increase of 284.5%[19] - Basic earnings per share for Q1 2025 were ¥0.3331, up from ¥0.0860 in Q1 2024[20] - The company reported a gross profit margin of approximately 8.8% for Q1 2025, compared to 6.5% in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥58,696,347.41, worsening by 64.13% compared to -¥35,763,176.41 in the same period last year[5] - Cash inflow from operating activities in Q1 2025 was ¥650,131,467.01, an increase from ¥535,593,646.80 in Q1 2024[22] - Cash flow from operating activities showed a net outflow of -$58.7 million, compared to -$35.8 million in the previous period, indicating a worsening cash flow situation[23] - The company's cash and cash equivalents at the end of the period stood at $648.5 million, compared to $598.7 million at the end of the previous period, showing a slight improvement in liquidity[24] - The overall cash and cash equivalents decreased by $9.3 million during the period, compared to a decrease of $18.7 million in the previous period, reflecting a less severe cash position[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,599,156,539.18, up 2.26% from ¥3,519,658,530.41 at the end of the previous year[6] - As of March 31, 2025, the total current assets amount to 2,442,463,163.14 RMB, an increase from 2,415,427,298.89 RMB at the end of 2024[13] - Total liabilities decreased slightly to 1,608,120,801.81 RMB from 1,609,921,154.32 RMB[15] - Non-current assets totaled 1,156,693,376.04 RMB, up from 1,104,231,231.52 RMB[14] - The company's total assets reached 3,599,156,539.18 RMB, compared to 3,519,658,530.41 RMB previously[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,315[10] - The top 10 shareholders collectively hold 12,532.2 million shares, accounting for 60% of the total share capital[11] Expenses and Costs - Total operating costs for Q1 2025 were ¥660,607,146.84, up 32.3% from ¥499,429,746.96 in Q1 2024[18] - Management expenses rose by 33.77%, primarily due to increases in salaries, social security, and office expenses[8] - Research and development expenses for Q1 2025 totaled ¥23,586,850.32, compared to ¥19,070,823.24 in Q1 2024, reflecting a 23.2% increase[18] Financing Activities - Short-term borrowings increased by 131.54%, indicating a rise in bank loans[8] - Net cash flow from financing activities was $65.6 million, a decrease from $96.5 million in the previous period, reflecting reduced financing activities[24] Investment Activities - The company experienced a 70.72% increase in net cash flow from investing activities, attributed to a decrease in new financial product purchases compared to the previous year[8] - Total cash inflow from investment activities was $125.2 million, slightly down from $127.2 million year-over-year, while cash outflow was $147.8 million, down from $204.4 million[23] - The company received $100 million related to investment activities, which was not present in the previous period, indicating new investment inflows[23] Other Comprehensive Income - Other comprehensive income after tax for Q1 2025 was -¥3,350,817.59, compared to -¥2,055,650.89 in Q1 2024[19] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]

Core Insights - The company Shenchi Electromechanical (603109.SH) reported a significant increase in revenue and net profit for the first quarter of 2025, indicating strong business performance driven by increased orders and revenue growth [1] Financial Performance - The company achieved an operating income of 732 million yuan, representing a year-on-year growth of 38.78% [1] - The net profit attributable to shareholders reached 69.57 million yuan, showing a remarkable year-on-year increase of 284.73% [1]