Group 1 - The core point of the news is that Fuda Co., Ltd. experienced a decline of 5.03% in its stock price, reaching 17.19 yuan per share, with a trading volume of 213 million yuan and a turnover rate of 1.89%, resulting in a total market capitalization of 11.108 billion yuan [1] - Fuda Co., Ltd. is located in Guilin, Guangxi, and was established on December 28, 2000. It was listed on November 27, 2014. The company specializes in the research, production, and sales of automotive components such as engine crankshafts, clutches, spiral bevel gears, and high-strength bolts [1] - The main business revenue composition of Fuda Co., Ltd. includes crankshafts at 62.87%, precision forgings at 12.10%, clutches at 11.10%, gears at 5.61%, others at 5.39%, and high-strength bolts at 2.93% [1] Group 2 - From the perspective of major fund holdings, Guolian Fund has one fund heavily invested in Fuda Co., Ltd. The Guolian Internet of Things Theme A fund (003670) held 33,100 shares in the second quarter, accounting for 2.19% of the fund's net value, making it the seventh-largest holding [2] - The Guolian Internet of Things Theme A fund was established on February 27, 2017, with a latest scale of 22.9383 million. Year-to-date returns are 46.84%, ranking 971 out of 8,184 in its category; the one-year return is 104.44%, ranking 317 out of 7,971; and since inception, the return is 108.2% [2]

Core Viewpoint - Fuda Co., Ltd. has experienced significant stock price fluctuations, with a year-to-date increase of 147.28%, but a recent decline of 5.34% over the past five trading days [1] Company Overview - Fuda Co., Ltd. is located in Guilin, Guangxi, and was established on December 28, 2000, with its stock listed on November 27, 2014 [2] - The company specializes in the research, production, and sales of automotive components, including engine crankshafts (62.87% of revenue), precision forgings (12.10%), clutches (11.10%), gears (5.61%), and high-strength bolts (2.93%) [2] - As of June 30, 2025, the company had 42,800 shareholders, a decrease of 15.28% from the previous period, with an average of 14,930 circulating shares per shareholder, an increase of 18.04% [2] Financial Performance - For the first half of 2025, Fuda Co., Ltd. reported revenue of 937 million yuan, a year-on-year increase of 30.26%, and a net profit attributable to shareholders of 146 million yuan, a growth of 98.77% [2] - The company has distributed a total of 1.2 billion yuan in dividends since its A-share listing, with 242 million yuan distributed in the last three years [3] Shareholder Structure - As of June 30, 2025, the fourth largest circulating shareholder is Qianhai Kaiyuan Jiaxin Mixed A, holding 7.9782 million shares, an increase of 1.3244 million shares from the previous period [3] - Hai Futong Stock Mixed is the seventh largest circulating shareholder, holding 4.4986 million shares as a new shareholder [3] - Hong Kong Central Clearing Limited is the tenth largest circulating shareholder, holding 2.1388 million shares, also a new shareholder [3]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, indicating a potential stock price increase of 5% to 15% over the next six months [3][5]. Core Insights - The company, Fuda Co., Ltd. (603166), is a leading manufacturer of automotive crankshafts and is expanding into humanoid robotics, which is expected to create a second growth curve [2][3]. - In the first half of 2025, the company achieved revenue of 937 million yuan, a year-on-year increase of 30.26%, and a net profit attributable to shareholders of 146 million yuan, up 98.77% year-on-year [1][2]. - The growth in revenue is primarily driven by an increase in high-value products such as new energy hybrid crankshafts and electric drive gears, leading to significant improvements in gross and net profit margins [1][2]. Financial Performance - For Q2 2025, the company reported revenue of 466 million yuan, a year-on-year increase of 16.83%, with a net profit of 81 million yuan, up 93.28% year-on-year [1]. - The gross margin for Q2 was 28.49%, an increase of 1.37 percentage points year-on-year, while the net margin was 17.41%, up 6.89 percentage points year-on-year [1]. - The company is expected to achieve net profits of 301 million yuan, 415 million yuan, and 551 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 40, 29, and 22 times [3][4]. Business Strategy - The company has a unique integrated capability in both blank forging and crankshaft processing, providing a significant cost advantage and leading profitability compared to peers [2]. - Collaborations with institutions like Tsinghua University enhance the company's R&D capabilities, and it has established strong relationships with major automotive manufacturers [2]. - The company is also investing in the humanoid robotics sector, having developed a planetary reducer for robots and planning to establish a joint venture to expand its robotics components business [2].

Core Viewpoint - Guilin Fuda Co., Ltd. plans to register and issue medium-term notes not exceeding RMB 500 million to broaden financing channels and meet funding needs for business development [1][2] Registration Issuance Plan - The specific issuance scale will depend on the registration notice from the China Interbank Market Dealers Association and the company's actual funding needs [1] - The term of the medium-term notes will be determined based on the company's funding requirements and market conditions [1] - The interest rate for the issued medium-term notes will be determined accordingly [1] - The issuance may occur in one or multiple phases depending on market conditions and funding needs [1] Authorization Matters - The board of directors proposes to authorize the chairman or designated individuals to handle all matters related to the registration and issuance of medium-term notes [1] - This includes determining the specific plan for the issuance, such as the registration amount, term, number of issuances, interest rate, repayment methods, and use of raised funds [1] - The company will also manage the registration, issuance, and trading procedures related to the medium-term notes [1] Approval Process - The application for the registration and issuance of medium-term notes has been approved by the company's board and will be submitted for review at the upcoming shareholders' meeting [2] - The final plan will be subject to approval by the China Interbank Market Dealers Association [2] - The company will disclose the progress of the issuance in accordance with relevant laws and regulations [2]

Group 1 - The board of directors of Guilin Fuda Co., Ltd. held its 27th meeting of the sixth session on August 29, 2025, with all 9 directors present, ensuring compliance with relevant laws and regulations [1][2] - The board approved the application for a medium-term note registration of up to RMB 500 million, with a term not exceeding 3 years, to be issued based on funding needs [2] - The voting results for the medium-term note registration were unanimous, with 9 votes in favor, and the matter will be submitted for approval at the company's second extraordinary general meeting of 2025 [2]

Group 1 - The company, Fuda Co., announced the approval of the proposal for the registration and issuance of medium-term notes during the 27th meeting of its sixth board of directors [2] - The company also approved the proposal to convene the second interim shareholders' meeting for 2025 [2]

证券代码：603166 证券简称：福达股份 公告编号：2025-053 桂林福达股份有限公司 关于召开2025年第二次临时股东会的通知 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。 至2025 年 9 月 15 日 重要内容提示： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第二次临时股东会 召开的日期时间：2025 年 9 月 15 日 11 点 00 分 召开地点：桂林市西城经济开发区秧塘工业园秧十八路福达股份公司内 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投 票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东会召开日期：2025年9月15日 本次 ...

桂林福达股份有限公司（以下简称"公司"）拟于 2025 年 9 月 15 日 11 时召开 2025 年第二次临时股东会，本次会议采用现场投票和网络投票相结合的表决方式。 具 体 内 容 请 详 见 公 司 2025 年 8 月 30 日 披 露 于 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn）及指定信息披露媒体的《福达股份关于召开 2025 年第 二次临时股东会的通知》（公告编号：2025-053）。 为更好地服务广大中小投资者，确保有投票意愿的中小投资者能够及时参会、 便利投票。公司拟使用上证所信息网络有限公司（以下简称"上证信息"）提供的 股东会提醒服务，委托上证信息通过智能短信等形式，根据股权登记日的股东名册 主动提醒股东参会投票，向每一位投资者主动推送股东会参会邀请、议案情况等信 息。投资者在收到智能短信后，可根据《上市公司股东会网络投票一键通服务用户 使用手册》（https://vote.sseinfo.com/i/yjt_help.pdf）的提示步骤直接投票， 如遇拥堵等情况，仍可通过原有的交易系统投票平台和互联网投票平台进行投票。 若广大投资者对本次服务有 ...

证券代码：603166 证券简称：福达股份 公告编号：2025-052 桂林福达股份有限公司 第六届董事会第二十七次会议决议公告 2、审议通过了《关于召开 2025 年第二次临时股东会的议案》。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的《福 桂林福达股份有限公司（以下简称"公司"）第六届董事会第二十七次会议于 2025 年 8 月 29 日在公司三楼会议室采用现场与通讯表决相结合方式召开。本次会议通知于 2025 年 8 月 26 日通过电话、微信、电子邮件发出，会议由公司董事长黎福超先生召集 并主持，应出席本次会议的董事为 9 名，实际出席会议的董事 9 名，公司全部高级管 理人员列席了本次会议，本次会议的召集、召开及出席的人员均符合《公司法》等有 关法律、法规、部门规章和《公司章程》的规定，合法、有效。 二、董事会会议审议情况 1、《关于拟注册发行中期票据的议案》。 公司董事会战略委员会对本议案提出建议，并提交董事会审议。 董事会同意公司向中国银行间市场交易商协会申请注册金额不超过人民币 5 亿元 （含本数）的中期票据，期限不超过 3 年（含本数），根据资金需求情况 ...

证券代码：603166 证券简称：福达股份 公告编号：2025-051 6、发行对象：中国银行间债券市场的合格机构投资者（国家法律法规禁止的购 买者除外）。 一、注册发行额度方案 1、注册发行规模：拟注册发行中期票据的规模为不超过人民币 5 亿元（含本数）， 具体发行规模将以公司在中国银行间市场交易商协会取得的注册通知书载明的额度 及公司实际发行需要为准； 2、发行期限：拟注册发行的中期票据的期限不超过 3 年（含本数），具体发行 期限将根据公司的资金需求及市场情况确定。 3、发行利率：根据发行时银行间债券市场的实际情况，以簿记建档的结果最终 确定公司发行的中期票据的利率。 4、募集资金用途：拟用于偿还银行借款等符合国家法律法规及政策要求的企业 生产经营活动。 5、发行方式：在中国银行间市场交易商协会注册额度及注册有效期内一次性或 分期发行，具体发行方式根据市场情况和公司资金需求情况确定。 桂林福达股份有限公司 关于拟注册发行中期票据的公告 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。 桂林福达股份有限公司（以下简称" ...