Core Insights - Baolong Technology has secured a contract for the intelligent suspension system components for a high-end electric vehicle model from a well-known foreign EV startup, expanding on a previous contract for dual-chamber air spring electronic shock absorbers [2] - The total project lifecycle value of the intelligent suspension system exceeds 230 million yuan, with a lifecycle of 6 years and planned mass production in 2026 [2] - The closed air supply unit, developed in collaboration with partner Bost, features compact size, lightweight, low power consumption, and superior drying performance, along with excellent NVH performance and customizable development capabilities [2] - Baolong Technology has established an intelligent production line for closed air compressors at its Hefei park to meet the business development needs of the closed air supply unit [2] Additional Notes - In 2024, Baolong Technology secured its first overseas open air supply unit project in Europe, and this closed air supply unit marks its first overseas project [3]

签约后，双方将从建设一流的战略合作供应链的高度，建立即时信息共享机制，深化沟通渠道，定期开 展技术交流；共同打造行业领先的工艺和质量水准；双方将在联合品牌推广、智能悬架系统研发、智能 辅助驾驶技术创新、各类传感器研发等新技术应用、关键技术及零部件供应链安全等各方面建立广泛深 入的合作平台，共同制定行动方案，共建战略联盟。 保隆科技将持续投入，聚焦智能悬架、TPMS、传感器、智能辅助驾驶等关键技术，与江淮汽车的技术 团队形成研发联动，确保精准对接江淮汽车的需求；在技术创新上，同步分享保隆科技在智能化、轻量 化领域的最新成果，助力江淮汽车车型持续领跑行业；在供应链安全上，将合肥基地的产能优先保障江 淮汽车的需求，实现关键零部件本地化生产和供应；在成本优化上，通过VAVE降本合作，与江淮汽车 共同打造更具市场竞争力的产品，让更多人受益于汽车科技的发展！ 7月24日上午，在江淮汽车合肥总部，保隆科技与江淮汽车签订战略合作协议。江汽集团控股公司党委 书记、董事长、总经理项兴初，江汽集团控股公司董事、江汽集团股份有限公司副总经理马翠兵，采购 中心总经理秦战江、技术中心底盘设计院院长吴江等领导，保隆科技董事长兼总裁张祖秋、 ...

Core Viewpoint - The company has successfully completed a share buyback program, repurchasing 2,507,817 shares, which represents 1.1739% of its total share capital, with a total expenditure of approximately 100.01 million yuan [1][3]. Buyback Plan Details - The buyback plan was first disclosed on April 30, 2025, and the implementation period is from April 28, 2025, to April 27, 2026 [1]. - The estimated buyback amount ranges from 100 million yuan to 200 million yuan, with a maximum buyback price set at 58.49 yuan per share [1][2]. - The actual buyback price ranged from 38.68 yuan to 40.86 yuan per share, with an average price of 39.88 yuan per share [3]. Implementation Status - As of August 8, 2025, the company has reached the lower limit of the buyback amount, completing the buyback plan [3]. - The funds used for the buyback were sourced from the company's own funds and a special loan for stock repurchase [3]. Share Structure Changes - Before the buyback, the total number of shares was 214,482,171, which decreased to 213,622,621 after the buyback [4]. - The buyback shares will be stored in a special securities account and are intended for employee stock ownership plans or equity incentives [4]. Regulatory Compliance - The company has adhered to the relevant regulations regarding share buybacks, announcing the increase in share repurchase percentage within the required timeframe [2].

证券日报网讯8月11日晚间，保隆科技（603197）发布公告称，截至2025年8月8日，公司通过上海证券 交易所交易系统以集中竞价交易方式累计回购公司股份2，507，817股，占公司总股本的比例为 1.1739%。 ...

格隆汇8月11日丨保隆科技(603197.SH)公布，截至本公告披露日，公司本次股份回购计划已达到回购金 额下限，本次股份回购计划实施完毕，公司已实际通过本次回购计划回购公司股份2,507,817股，占公司 总股本的比例为1.1739%，回购的最高价格为40.86元/股、最低价格为38.68元/股，回购均价39.88元/ 股，支付的资金总额为人民币10,000.65万元（不含交易费用）。 ...

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-086 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 关于股份回购比例达 1%、股份回购实施结果 暨股份变动的公告 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： | 回购方案首次披露日 | 2025/4/30，由董事会提议 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 4 28 日~2026 4 月 27 | 月 | 年 | 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | 回购价格上限 | 58.49元/股 | | | | | 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 | | | | | 实际回购股数 | 2,507,817 ...

Meeting Details - The shareholder meeting was held on August 8, 2025, at the specified location in Shanghai [1] - The meeting was convened by the company's board and utilized a combination of on-site and online voting methods [1] - The chairman of the meeting was Mr. Zhang Zuqiu, with attendance from various board members, supervisors, and legal representatives [1] Voting Results - The non-cumulative voting proposal regarding the election of independent directors was approved with a significant majority, where 99.9244% of A-share votes were in favor [1] - The voting breakdown showed 75,338,678 votes in favor, 39,307 against, and 17,700 abstentions [1] Legal Compliance - The legal representatives confirmed that the meeting's procedures, participant qualifications, and voting processes complied with the Company Law and the company's articles of association [3]

Core Viewpoint - The legal opinion confirms that the second extraordinary general meeting of Shanghai Baolong Automotive Technology Co., Ltd. held on August 8, 2025, complied with relevant laws and regulations, ensuring the legitimacy of the meeting and its proceedings [1][9]. Group 1: Meeting Procedures - The meeting was convened as per the notice published on July 23, 2025, detailing the time, location, and agenda [3][4]. - The physical meeting took place at 14:00 on August 8, 2025, at the specified location, consistent with the notice [4]. - Online voting was facilitated by a designated service provider, allowing shareholders to vote from 9:15 to 15:00 on the same day [5][6]. Group 2: Attendance and Voting - A total of 10 shareholders attended the meeting in person, representing 63,742,565 shares, approximately 30.09% of the total voting shares [5][6]. - An additional 210 shareholders participated via online voting, representing 11,653,120 shares, about 5.50% of the total voting shares [6]. - The voting process was conducted in accordance with legal requirements, with results showing 75,338,678 votes in favor, accounting for 99.92% of the votes cast [8]. Group 3: Resolutions and Legal Compliance - The agenda items were proposed by the board of directors and fell within the authority of the shareholders' meeting, meeting all legal stipulations [7]. - The voting procedures and results were verified as compliant with the Company Law, Securities Law, and the company's articles of association, confirming the validity of the resolutions passed [9].

Investment Rating - The report suggests a "Standard Allocation" for the automotive industry, indicating that the industry index is expected to perform within ±10% of the market index over the next six months [43]. Core Insights - The automotive sector has shown a mixed performance, with the automotive index rising 0.57% over the past two weeks, outperforming the CSI 300 index by 1.40 percentage points, ranking 13th among 31 industries [10][11]. - The report highlights a significant increase in retail sales of passenger vehicles, with July sales reaching 1.834 million units, a 7% year-on-year increase, although down 12% from the previous month [22][39]. - The report anticipates a market recovery in late August due to the rollout of the third batch of "old-for-new" subsidies and the upcoming peak sales season in September and October [39]. Industry Data Tracking - Raw material prices have shown fluctuations, with steel prices down 0.38%, aluminum up 0.78%, and lithium carbonate down 0.35% as of August 7, 2025 [16][21]. - The report notes that the automotive sector's year-to-date performance has increased by 13.19%, outperforming the CSI 300 index by 8.63 percentage points [10][11]. Industry News - The China Passenger Car Association has slightly raised its annual forecast for passenger vehicle retail sales, now expecting a 6% increase for 2025 [23]. - In July, wholesale sales of new energy passenger vehicles reached 1.18 million units, marking a 25% year-on-year increase [24]. - The establishment of the China Changan Automobile Group in Chongqing aims to enhance the company's focus on intelligent vehicles and global market expansion [27]. Company News - Li Auto, China Automotive Technology and Research Center, and Dongfeng Liuzhou Automobile have issued a joint statement regarding the Li Auto i8 crash test, emphasizing the importance of maintaining market order and ethical competition [30]. - BYD reported July sales of 344,296 vehicles, a decrease of 8.8% month-on-month, but a year-to-date increase of 27% [36]. - Changan Automobile's July sales of new energy vehicles reached 80,006 units, a 74.05% year-on-year increase [35].

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 2025年第二次临时股东会决议公告 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： (五) 公司董事、监事和董事会秘书的出席情况 (一) 股东会召开的时间：2025 年 8 月 8 日 (二) 股东会召开的地点：上海市松江区沈砖公路 5500 号 131 会议室 1、公司在任董事9人，出席8人，董事陈洪凌先生因公未能出席会议； 2、公司在任监事3人，出席3人； 3、董事会秘书出席了会议；公司所有高管列席了会议。 二、 议案审议情况 (一) 非累积投票议案 (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 | 220 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 75,395,685 | | 3、出席 ...