Core Points - Fuda Co., Ltd. experienced a 5.01% decline in stock price on October 14, closing at 17.45 CNY per share, with a trading volume of 278 million CNY and a turnover rate of 2.40% [1] - The company's stock has fallen for five consecutive days, resulting in a cumulative decline of 12.77% during this period [1] Company Overview - Fuda Co., Ltd. is located in the Yangtang Industrial Park of Guilin, Guangxi Zhuang Autonomous Region, and was established on December 28, 2000, with its IPO on November 27, 2014 [1] - The company specializes in the research, production, and sales of automotive components, including engine crankshafts, automotive clutches, spiral bevel gears, and high-strength bolts [1] - The revenue composition of the company is as follows: crankshafts 62.87%, precision forgings 12.10%, clutches 11.10%, gears 5.61%, others 5.39%, and high-strength bolts 2.93% [1] Fund Holdings - One fund under Dongfang Fund holds a significant position in Fuda Co., Ltd., specifically the Dongfang High-end Manufacturing Mixed A Fund (014699), which held 120,100 shares in the second quarter, accounting for 3.75% of the fund's net value [2] - The fund has incurred a floating loss of approximately 110,500 CNY today and a total floating loss of 323,100 CNY over the five-day decline [2] - The Dongfang High-end Manufacturing Mixed A Fund was established on March 1, 2023, with a latest scale of 32.1948 million CNY, and has achieved a year-to-date return of 13.95% [2]

Economic Indicators - The National Bureau of Statistics will release the CPI and PPI data for September on October 15, with expectations of a year-on-year CPI growth rate remaining flat and a month-on-month increase of 0.2% [1] - The PPI is anticipated to show a year-on-year decline of 2.4% and a month-on-month decrease of 0.3% [1] Financial Data - Additional financial data for September, including new loans, M2, and social financing, is expected to be released next week [2] Oil Price Adjustment - The next round of fuel price adjustments will occur on October 13 at 24:00, with a projected decrease of 20 yuan per ton for gasoline and diesel based on a reference crude oil price of $64.97 per barrel, reflecting a change rate of -0.34% [3] Trade Events - The 138th Canton Fair will be held from October 15 to November 4, featuring a record exhibition area of 1.55 million square meters and over 32,000 participating companies [4] - The 2025 Bay Area Semiconductor Industry Ecosystem Expo will take place from October 15 to 17 in Shenzhen, attracting over 600 leading companies and institutions from more than 20 countries [4] - The 2025 World Intelligent Connected Vehicles Conference will be held in Beijing from October 16 to 18, focusing on innovations in AI, communication, data utilization, and chip technology within the automotive industry [4] Stock Market Developments - A total of 41 stocks will face lock-up expiration next week, with significant unlocks including 577 million shares of China Merchants Port valued at 11.967 billion yuan and 412 million shares of Meihua Medical valued at 9.804 billion yuan [5][6] - Notable stocks with high unlock ratios include Meihua Medical, Andar Intelligent, and Kecuan Technology, all exceeding 50% [5] New Stock Opportunities - Five new stocks are set to be issued next week, including Marco Polo on October 13, He Yuan Bio on October 14, Chao Ying Electronics on October 15, Xi'an Yicai on October 16, and Bi Bei Te on October 17 [9][10]

Company Overview - Guilin Fuda Co., Ltd. is located in the Yangtang Industrial Park, Guilin City, Guangxi Zhuang Autonomous Region, established on December 28, 2000, and listed on November 27, 2014 [2] - The company's main business includes the research, production, and sales of automotive components such as engine crankshafts, automotive clutches, spiral bevel gears, and high-strength bolts [2] - The revenue composition of the main business is as follows: crankshafts 62.87%, precision forgings 12.10%, clutches 11.10%, gears 5.61%, others 5.39%, and high-strength bolts 2.93% [2] Financial Performance - For the first half of 2025, Fuda Co. achieved operating 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 year-on-year increase 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] Stock Performance - As of September 30, Fuda Co.'s stock price was 20.09 yuan per share, with a market capitalization of 12.982 billion yuan [1] - The stock has increased by 180.20% year-to-date, with a recent decline of 3.65% over the last five trading days [1] - The company has appeared on the trading leaderboard 15 times this year, with the most recent appearance on September 23, where it recorded a net buy of -38.4875 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders was 42,800, a decrease of 15.28% from the previous period, with an average of 14,930 circulating shares per person, an increase of 18.04% [2] - Notable institutional shareholders include Qianhai Kaiyuan Jiaxin Mixed A, which increased its holdings by 1.3244 million shares, and Hai Fudong Stock Mixed, which is a new shareholder with 449,860 shares [3]

Group 1 - The core point of the announcement is that Guilin Fuda Co., Ltd. disclosed the pledge of shares by its controlling shareholder, Fuda Holding Group Co., Ltd., which has pledged 50,240,000 shares, accounting for 14.64% of its total holdings and 7.77% of the company's total share capital [2][4][6] - After the pledge, Fuda Group's total pledged shares amount to 182,360,000, which is 53.15% of its total holdings and 28.22% of the company's total share capital [2][4][6] - As of the announcement date, Fuda Group and its concerted parties hold a total of 379,114,840 shares, representing 58.65% of the company's total share capital, with no pledged shares from concerted parties other than Fuda Group [2][6] Group 2 - The pledged shares do not serve as collateral for major asset restructuring or performance compensation [4] - Fuda Group has a good credit status and repayment ability, with the repayment sources including dividends from listed companies and operational income [6] - The current pledge situation will not significantly impact the company's main business, financing credit, or operational capabilities, and there is no risk of forced liquidation due to the average liquidation price being significantly lower than the current average stock price [7] Group 3 - The announcement also details the company's 2024 restricted stock incentive plan, with the first unlock period for 1,707,000 shares set for October 13, 2025 [8][10] - The incentive plan has undergone necessary approvals and disclosures, with the first unlock conditions being met for 44 eligible participants [10][16] - The company will repurchase and cancel 558,000 shares of restricted stock that did not meet the unlock conditions due to various reasons [17][20]

Group 1 - The core point of the article is that Fuda Co., Ltd. (603166) announced the first grant of its 2024 restricted stock incentive plan, detailing the stock listing and circulation information [1] - The total number of shares for this stock listing is 1,707,000 shares [1] - The stock subscription method is offline, and the listing date for the stock to become tradable is set for October 13, 2025 [1]

Core Viewpoint - Fuda Co., Ltd. has made adjustments to its 2024 restricted stock incentive plan, including conditions for the first unlock period, repurchase and cancellation of certain shares, and adjustments to repurchase prices [1][7]. Group 1: Incentive Plan Overview - On September 3, 2024, Fuda Co., Ltd. approved the draft of the 2024 restricted stock incentive plan during its sixth board meeting [2]. - The plan was subsequently approved by the third extraordinary general meeting of shareholders on September 19, 2024, with the first grant of 7.2 million shares completed on October 11, 2024 [2]. Group 2: Unlock Conditions and Performance - The first unlock period for the restricted stock began on October 11, 2024, lasting until the last trading day of the 24 months following the grant date, with a 30% unlock ratio for the total granted shares [3]. - Company-level conditions were met, as there were no negative audit opinions for the most recent fiscal year. Individual conditions were also satisfied, with all performance assessments for the 44 primary incentive recipients being deemed competent [4]. Group 3: Repurchase and Cancellation Details - A total of 558,000 shares will be repurchased and canceled due to unmet performance targets in the new energy electric drive gear product sales and the departure of two incentive recipients [5][6]. - The repurchase price was adjusted from 2.25 CNY per share to 2.15 CNY per share following the company's annual equity distribution [7].

Group 1 - The controlling shareholder, Fuda Group, has pledged 50.24 million shares of Fuda Co., which represents 28.22% of the company's total share capital after the pledge [1] - Fuda Group holds approximately 343 million shares, accounting for 53.1% of the total share capital, and after the pledge, the total pledged shares amount to about 182 million shares, which is 53.15% of Fuda Group's total holdings [1] - As of the announcement date, Fuda Group and its concerted parties collectively hold about 379 million shares, representing 58.65% of the total share capital, with no pledged shares from concerted parties other than Fuda Group [1] Group 2 - For the year 2024, Fuda Co.'s revenue composition is primarily from automotive parts, which account for 94.61%, while other businesses contribute 5.39% [2] Group 3 - The current market capitalization of Fuda Co. is 13.2 billion [3]

证券代码：603166 证券简称：福达股份 公告编号：2025-062 桂林福达股份有限公司 关于 2024 年限制性股票激励计划 首次授予第一个限售期解除限售暨上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 1,707,000股。 本次股票上市流通总数为1,707,000股。 本次股票上市流通日期为2025 年 10 月 13 日。 桂林福达股份有限公司（以下简称"公司"）于 2025 年 9 月 12 日召开了第六 届董事会第二十八次会议，审议通过了《关于 2024 年限制性股票激励计划首次授 予股份第一个解除限售期解除限售条件部分成就的议案》。根据《上市公司股权激 励管理办法》《公司 2024 年限制性股票激励计划》等相关规定，公司 2024 年限制 性股票激励计划第一个解除限售期解除限售条件部分成就。根据公司 2024 年第三次 临时股东大会的授权，公司同意按照相关规定为符合条件的 44 名激励对象办理本次 股权激励计划第一个 ...

北京德恒律师事务所 关于桂林福达股份有限公司 2024 年限制性股票激励计划首次授予股份第一个解除 限售期解除限售条件部分成就、回购注销首次授予部 分股票及调整回购价格的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 北京德恒律师事务所 关于桂林福达股份有限公司 2024 年限制性股票激励计划首次授予股份第一个解除限售期 解除限售条件部分成就、回购注销首次授予部分股票及调整回购价格的法律意见 北京德恒律师事务所 关于桂林福达股份有限公司 2024 年限制性股票激励计划首次授予股份第一个解除 限售期解除限售条件部分成就、回购注销首次授予部 分股票及调整回购价格的 法律意见 德恒 01G20210890 号 致：桂林福达股份有限公司 北京德恒律师事务所（以下简称"本所"）接受桂林福达股份有限公司（以下 简称"公司"或"福达股份"）的委托，担任公司实施 2024 年限制性股票激励计划 （以下简称"本次激励计划"）的专项法律顾问。本所律师根据《中华人民共和国 公司法》（以下简称"《公司法》"）、《中华人民共和国证券 ...

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: ●桂林福达股份有限公司（以下简称"公司"）的控股股东福达控股集团有限公司 （以下简称"福达集团"）持有本公司 343,134,040 股股份，占本公司总股本的 53.10%。 本次办理质押股份 50,240,000 股，占其持股总数的 14.64%，占公司总股本的 7.77%。 前述手续办理后，福达集团累计质押股份为 182,360,000 股，占其合计持股总数的 53.15%，占公司总股本的 28.22%。 ● 截至本公告日，福达集团及其一致行动人合计持有公司股份 379,114,840 股， 占公司总股本的 58.65%；除福达集团外，其一致行动人未有质押股份情形。因此，控股 股东及其一致行动人累计质押股份仍为 182,360,000 股，占其合计持股总数的 48.10%， 占公司总股本的 28.22%。 注：占比数均以本公告日公司总股本数、控股股东持股数为基数。 一、股份质押情况 证券代码：603166 证券简称：福达股份 公告编号：2025-063 桂林福 ...