每经头条（nbdtoutiao）——股民发帖求主力拉涨停，次日竟成真！襄阳轴承涨停迷局背后：平台审核 漏洞与市场操纵疑云发酵 每经AI快讯，腾龙股份12月3日晚间发布公告称，公司第五届第二十四次董事会会议于2025年12月3日 在公司会议室以现场结合通讯方式召开。会议审议了《关于控股子公司力驰雷奥向其部分股东回购股权 暨减资的议案》等文件。 （记者 张明双） ...

证券代码：603158 证券简称：腾龙股份 公告编号：2025-069 暨减资的公告 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。 重要内容提示： 一、交易概述 常州腾龙汽车零部件股份有限公司（以下简称"公司"、"丙方"）控股子公司 浙江力驰雷奥环保科技有限公司（以下简称"力驰雷奥"、"甲方"）主要从事 EGR 系统的研发与制造。公司于 2025 年 12 月 3 日召开第五届董事会第二十四次会议 审议通过了《关于控股子公司力驰雷奥向其部分股东回购股权暨减资的议案》， 经过审慎评估，同意力驰雷奥以现金向其部分股东回购股权并减资的方式，回购 其部分股东持有的力驰雷奥合计 792 万元注册资本，占回购前总注册资本比例为 44%，对应的回购资金为人民币 16,940 万元。回购并减资完成后，力驰雷奥的注 册资本变更为 1,008 万元，公司持有其 96.43%股权。 根据联合中和土地房地产资产评估有限公司出具的【联合中和评报字（2025） 第 6306 号】《浙江力驰雷奥环保科技有限公司股东因经营决策需要拟了解公司 常州腾龙汽车零 ...

本报告依据中国资产评估准则编制 浙江 力驰 雷奥 环保 科技 有限 公司 股东 因经 营决 策需 要拟 了解 公司 净资 产价 值 资产评估报告 联合中和评报字（2025）第6306号 （共一册，第一册） 联合中和土地房地产资产评估有限公司 二〇二五年十二月一日 | | | 浙江力驰雷奥环保科技有限公司股东因经营决策需要拟了解公司净资产价值资产评估报告 声 明 一、本资产评估报告是依据中华人民共和国财政部发布的资产评估基本准则和中 国资产评估协会发布的资产评估执业准则和职业道德准则编制的。 二、委托人或者其他资产评估报告使用人应当按照法律、行政法规规定和本资产 评估报告载明的使用范围依法使用本资产评估报告；委托人或者其他资产评估报告使 用人违反前述规定使用本资产评估报告的，本资产评估机构及签字资产评估师不承担 责任。 三、本资产评估报告仅供委托人、资产评估委托合同中约定的其他资产评估报告 使用人和国家法律、行政法规规定的资产评估报告使用人使用；除此之外，其他任何 机构和个人不能成为本资产评估报告的使用人。 四、资产评估报告使用人应当正确理解评估结论，评估结论不等同于评估对象可 实现价格，评估结论不应当被认为是 ...

二、董事会审议情况： 经与会董事审议，审议通过如下议案： 1、关于控股子公司力驰雷奥向其部分股东回购股权暨减资的议案； 证券代码：603158 证券简称：腾龙股份 公告编号：2025-070 常州腾龙汽车零部件股份有限公司 第五届董事会第二十四次会议决议公告 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。 一、董事会召开情况： 常州腾龙汽车零部件股份有限公司（以下简称"公司"）第五届董事会第二十四次 会议通知于 2025 年 12 月 1 日以电话、邮件等形式发出，于 2025 年 12 月 3 日在公司会 议室以现场结合通讯方式召开。会议由董事长蒋学真主持，应参会董事 7 名，实际参会 董事 7 名，公司高级管理人员列席会议。本次会议召开符合《中华人民共和国公司法》 等法律法规及《常州腾龙汽车零部件股份有限公司章程》的规定。 公司董事会同意公司子公司浙江力驰雷奥环保科技有限公司实施向部分股东回购 股权暨减资的方案，使用 16,940 万元回购部分股东持有的力驰雷奥 44%的股权；定价依 据为参考联合中和土地房地产资产评估有限 ...

Core Viewpoint - The transaction involves the repurchase of equity and capital reduction by Zhejiang Lichi Leao Environmental Technology Co., Ltd., a subsidiary of Tenglong Co., Ltd., resulting in a significant change in ownership structure and capital [1] Group 1: Transaction Details - Tenglong Co., Ltd. announced that its subsidiary, Zhejiang Lichi Leao Environmental Technology Co., Ltd., repurchased equity from shareholders amounting to 7.92 million yuan in registered capital, which was 44% of the total registered capital before the repurchase [1] - The total funds used for the repurchase amounted to 169.4 million yuan [1] - Following the completion of the repurchase and capital reduction, the registered capital of Lichi Leao will change to 10.08 million yuan, with Tenglong Co., Ltd. holding 96.43% of the equity [1]

Core Viewpoint - The transaction involves the repurchase of equity and capital reduction by Zhejiang Lichi Leao Environmental Technology Co., Ltd., a subsidiary of Tenglong Co., Ltd., resulting in a significant change in ownership structure and capital [1] Group 1: Transaction Details - Tenglong Co., Ltd. announced that its subsidiary, Zhejiang Lichi Leao Environmental Technology Co., Ltd., repurchased equity from shareholders amounting to 7.92 million yuan in registered capital, which was 44% of the total registered capital before the repurchase [1] - The total funds used for the repurchase amounted to 169.4 million yuan [1] - Following the completion of the repurchase and capital reduction, the registered capital of Lichi Leao will change to 10.08 million yuan, with Tenglong Co., Ltd. holding 96.43% of the equity [1]

Summary of Tenglong Co., Ltd. Conference Call Company Overview - **Company**: Tenglong Co., Ltd. - **Industry**: Automotive components, specifically focusing on thermal management systems and new energy vehicles Key Points Industry and Market Dynamics - **Overseas Market Expansion**: Tenglong is actively expanding its overseas market presence, particularly in Poland, Southeast Asia, and Morocco, to counter domestic competition and declining gross margins. As of the first half of 2025, overseas sales reached 460 million yuan, accounting for 24% of total revenue, with expectations for continued growth [2][6][21] - **New Energy Vehicle (NEV) Growth**: The NEV-related business accounted for over 50% of revenue in the first three quarters of 2025, driven by increased penetration rates and higher value per vehicle. The company is launching new products like electronic water pumps and plate heat exchangers [2][7] Financial Performance - **Q3 2025 Performance**: In Q3 2025, the company reported revenue of 972 million yuan and a net profit of 52 million yuan, a year-on-year decrease primarily due to intensified industry competition and a decline in gross margins. However, the gross margin improved by 1 percentage point quarter-on-quarter [2][9][10] - **Financial Stability**: As of Q3 2025, the asset-liability ratio was 48.17%, with accounts receivable turnover days at 98.43, indicating stable cash flow and manageable financial risk [4][13] Strategic Initiatives - **Cost Management**: The company is implementing a "cost-saving and revenue-increasing" strategy, focusing on product matrix expansion, solidifying domestic market share, and enhancing operational efficiency [2][14] - **Technological Innovation**: Tenglong is committed to technological innovation, particularly in thermal management, and is exploring applications in non-automotive sectors such as energy storage and data centers [3][15] Product and Service Development - **Product Matrix**: The main business segments include thermal management products for air conditioning and NEV systems, EGR products for emissions control, and traffic management products. The company is also developing air conditioning hoses and has established a comprehensive domestic production base [5][6] - **Non-Vehicle Applications**: Tenglong has made progress in non-vehicle applications, including high-power electronic water pumps for energy storage and data centers, and is developing smart cabin products [8][15] Future Outlook - **Q4 2025 Expectations**: The company anticipates a stable operational environment in Q4 2025, with seasonal increases in vehicle production expected to boost performance [11] - **Currency Risk Management**: With overseas sales constituting about 20% of total revenue, the company is actively managing currency risks associated with USD and EUR transactions [12][21] Market Challenges - **Competitive Landscape**: The automotive industry is facing intense competition, leading to price wars that pressure profit margins. Tenglong is adapting by enhancing its product offerings and focusing on high-quality clients [3][27] - **Long-term Value Creation**: The company remains focused on long-term value creation for investors, despite short-term challenges [19] Additional Insights - **Hydrogen Energy Investment**: Tenglong has invested in a hydrogen fuel cell company, indicating a long-term interest in hydrogen energy applications, particularly in commercial vehicles [20] - **Market Positioning**: The company is strategically positioning itself to leverage its existing capabilities while exploring new growth avenues in emerging markets and technologies [24][25] This summary encapsulates the key insights from the conference call, highlighting Tenglong's strategic initiatives, financial performance, and market outlook.

Core Viewpoint - Tenglong Co., Ltd. reported a mixed performance for Q3 2025, with revenue growth but a significant decline in net profit due to last year's one-time gains from demolition compensation [1] Financial Performance - As of December 1, 2025, Tenglong's stock closed at 10.1 yuan, up 0.5% from the previous trading day, with a total market capitalization of 4.957 billion yuan [1] - Q3 2025 revenue reached 972 million yuan, a year-on-year increase of 0.5% [1] - The net profit attributable to shareholders decreased by 57.16% year-on-year, primarily due to last year's demolition compensation income [1] - The net profit after deducting non-recurring items fell by 20.28% year-on-year [1] - Gross margin has declined but improved on a quarter-on-quarter basis [1] Strategic Initiatives - The company is expanding into the new energy and non-automotive sectors [1] - Tenglong is advancing the construction of overseas bases and enhancing cost control and product upgrades [1] Investor Communication - The company held a Q3 2025 earnings briefing on December 1, 2025, addressing investor concerns regarding performance fluctuations, overseas expansion, currency risk management, financial status, reasons for gross margin decline, and progress on server liquid cooling and vehicle refrigerator projects [1]

证券代码：603158 证券简称：腾龙股份 公告编号：2025-068 常州腾龙汽车零部件股份有限公司 关于 2025 年第三季度业绩说明会召开情况的公告 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。 一、本次业绩说明会召开情况 常州腾龙汽车零部件股份有限公司（以下简称"公司"） 2025年第三季度业 绩说明会于2025年12月1日15:00-16:00在进门财经（https://s.comein.cn/gu4zg3ff） 以网络平台在线交流的形式召开。公司董事长蒋学真先生，总经理李敏先生，财 务总监徐亚明先生，董事会秘书蒋森萌先生出席本次说明会，就公司2025年第三 季度业绩具体情况与广大投资者进行了沟通交流。 本次业绩说明会上，投资者提出的主要问题及回复如下： (一)公司第三季度业绩同比下滑，主要原因是什么？ 今年第三季度实现收入 9.72 亿元，同比增长 0.5%；归母净利润 0.52 亿元， 同比减少 57.16%，主要是去年同期非经常性损益中，包括了计入当期损益的拆 迁补偿资产处置收益 0.66 亿元，本期无前述因 ...

Core Viewpoint - The company reported a mixed performance for Q3 2025, with revenue growth but a significant decline in net profit due to previous asset disposal gains [1] Financial Performance - Revenue for the quarter reached 972 million yuan, representing a year-on-year increase of 0.5% [1] - Net profit attributable to shareholders was 52 million yuan, a decrease of 57.16% year-on-year, primarily due to last year's asset disposal gains from demolition compensation [1] - The non-recurring net profit was 51 million yuan, reflecting a year-on-year decrease of 20.28%, impacted by industry competition and project capacity ramp-up [1] Market and Product Development - The company currently has approximately 20% of its sales coming from overseas markets and plans to evaluate foreign exchange hedging measures as needed [1] - The company is expanding into new product areas, including electronic water pumps, and is exploring emerging market segments [1] - A subsidiary has been established in the server liquid cooling sector, and the vehicle-mounted refrigerator project is expected to commence mass production by the end of the year [1]