| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-060 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 2025 年 5 月 20 日，公司第七届董事会第二十五次会议审议通过《关于使用 部分闲置募集资金暂时补充流动资金的议案》，同意公司使用不超过 8,000 万元 闲置募集资金暂时补充流动资金，使用期限自公司董事会审议通过之日起不超过 12 个月。具体内容详见公司 2025 年 5 月 21 日披露于上海证券交易所网站 (www.sse.com.cn)的《上海保隆汽车科技股份有限公司关于使用部分闲置募集资 金暂时补充流动资金的公告》(公告编号：2025-040)。 为进一步规范公司募集资金的使用和管理，保护投资者合法权益，根据《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》等法律法规的规定，近日 公司及子公司与各募集资金专户开户银行、保荐机构签订了《募集资金临时补充 流动资金专户三方监管协议》，对上述闲置募集资金暂时补充流动资金的存放和 使用 ...

Core Insights - The report maintains an "Outperform" rating for the automotive sector, emphasizing the acceleration of RoboX commercialization and the focus on the sector's performance in Q2 2025 [1][3] - The automotive industry is transitioning towards electric and intelligent vehicles, with significant growth expected in the domestic market, particularly for new energy vehicles [11][12] Sales Tracking - In May 2025, retail sales of passenger cars in China reached 1.93 million units, a year-on-year increase of 13%, with cumulative retail sales for the year at 8.802 million units, up 9% [1] - Wholesale figures for the same month showed 2.329 million units, marking a 14% increase year-on-year, with cumulative wholesale sales for the year at 10.797 million units, up 12% [2] Market Performance - The automotive sector saw a 1.88% increase in May, outperforming the CSI 300 index by 0.04 percentage points, while the overall automotive sector has risen 29.05% since the beginning of 2025 [2] - The inventory warning index for automotive dealers in May 2025 was 52.7%, indicating improved market conditions as it decreased by 5.5 percentage points year-on-year [2] Investment Recommendations - The report suggests focusing on domestic brands and the opportunities in incremental components driven by electric and intelligent trends, highlighting companies like Leap Motor, Xpeng, and Geely for vehicle recommendations [3][11] - For intelligent components, companies such as Coboda, Huayang Group, and Junsheng Electronics are recommended, while for robotics, Top Group and Sanhua Intelligent Control are highlighted [3][11] Company Earnings Forecasts - Key companies are projected to have varying earnings per share (EPS) and price-to-earnings (PE) ratios, with Leap Motor expected to have an EPS of -0.05 in 2025 and a PE of -1126, while Geely is forecasted to have an EPS of 1.36 and a PE of 13 [4] Industry Outlook - The automotive industry is expected to maintain a 2% annual compound growth rate over the next 20 years, with new energy vehicle sales projected to reach 1.216 million units in 2024, reflecting a 37% increase [12][16] - The report anticipates that by 2025, the sales of new energy vehicles will exceed 1.5 million units, with a year-on-year growth of over 20% [21]

Group 1 - The company plans to repurchase and cancel 859,750 restricted stocks and 4,377,750 stock options due to not meeting performance targets for the second vesting period of its 2023 incentive plan [5][6][8] - The repurchase price for the restricted stocks is set at 28.20 yuan per share, which is the same as the grant price [6][8] - Following the repurchase, the company's total share capital will decrease from 214,479,582 shares to 213,619,832 shares, and the registered capital will be reduced accordingly [8][9] Group 2 - The company will hold its first extraordinary general meeting of shareholders in 2025 on June 17 at 14:00 in Shanghai [3][4] - The meeting will include discussions on the repurchase and cancellation of restricted stocks and stock options, which have already been approved by the board and supervisory committee [4][8] - The company will also amend its articles of association to reflect the changes in registered capital and total shares [9]

证券代码：603197 证券简称：保隆科技 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 年第一次临时股东会 | 关于减少注册资本及修改<公司章程>的议案 9 | | --- | 2025 年第一次临时股东会会议资料 上海保隆汽车科技股份有限公司 2025 年第一次临时股东会会议须知 会议资料 2025 年 6 月 为了维护投资者的合法权益，确保股东在本公司 2025 年第一次临时股东会 期间依法行使权利，保证股东会的正常秩序和议事效率，依据中国证券监督管理 委员会《上市公司股东会规则》的有关规定，本次股东会会议须知如下： 一、股东会设立秘书处，负责会议的程序安排和会务工作。 二、董事会在股东会的召开过程中，应当以维护股东的合法权益，确保正常 程序和议事效率为原则，认真履行法定职责。 三、股东参加股东会，依法享有发言权、表决权等各项法定权利，并认真履 行法定义务，不得侵犯其他股东的合法权益，不得扰乱会议的正常秩序。出席会 议人员发生干扰股东会秩序和侵犯股东合法权益的行为，会议秘书处将报告有关 部门处理。出席会议人员应听从会议工作人员劝导，共同维护好股东会秩序和安 全。 四 ...

证券代码：603197 证券简称：保隆科技 公告编号：2025-059 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 关于公司实际控制人部分股份质押的公告 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: 3.股东累计质押股份情况 截至本公告日，张祖秋先生持有公司股份 20,773,630 股,其中累计质押股份 数量（含本次）为 7,860,000 股，占其所持有公司股份的比例为 37.84%。一致 行动人陈洪凌先生持有公司股份 34,457,626 股，累计质押股份为 2,900,000 股， 股东 名称 是否为 控股股 东 本次质押股 数 是否 为限 售股 是否 补充 质押 质押起始日 质押到期日 质权人 占其所 持股份 比例 占公司 总股本 比例 质押融 资资金 用途 张祖秋 是 3,400,000 否 否 2025-6-3 至办理解除 质押登记手 续之日 西藏信托有 限公司 16.37% 1.59% 个人原 因 合计 - 3,400,000 - - - - - 16.37% 1 ...

Group 1 - The Ministry of Industry and Information Technology and other departments have launched the 2025 New Energy Vehicle (NEV) initiative to promote NEV usage in rural areas, focusing on quality and reliable models [1] - The initiative includes exhibitions, test drives, and collaboration with after-sales service, charging service, insurance, and financial service companies to enhance the NEV ecosystem in rural regions [1] - Policies such as tax reductions and incentives for vehicle trade-ins will encourage manufacturers to expand their product offerings and improve service levels in rural markets [1] Group 2 - Dongxing Securities notes that the automotive industry is experiencing intensified competition, impacting profitability and cash flow, but leading companies are still showing improvements in net profit and operating cash flow [2] - The release of new vehicles during auto shows and the ongoing effects of new policies are expected to gradually improve the performance of automotive companies in the second quarter [2] - Recommended companies for investment include SAIC Motor, Jianghuai Automobile, BYD, Changan Automobile, and others within the automotive and related sectors [2]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "Baolong Convertible Bonds," due to the implementation of its 2024 annual profit distribution plan, with the new conversion price set at 39.65 CNY per share, effective from June 11, 2025 [1][6]. Group 1: Convertible Bond Details - The previous conversion price was 40.16 CNY per share, which will be adjusted to 39.65 CNY per share [1][6]. - The convertible bonds were issued on October 31, 2024, with a total issuance of 13.9 million bonds, amounting to 1.39 billion CNY, and are set to mature on October 30, 2030 [1]. - The conversion period for the bonds is from May 6, 2025, to October 30, 2030 [1]. Group 2: Rights Distribution and Impact - The company will distribute a cash dividend of 0.51 CNY per share (tax included) to all shareholders, based on the total share capital registered on the equity registration date of June 10, 2025 [3][4]. - The adjustment to the conversion price is based on the company's stock option plans and the impact of the cash dividend distribution [2][5]. - The adjustment formula considers the cash dividend and any potential changes in share capital due to stock options or other equity actions [5][6].

证券代码：603197 证券简称：保隆科技 公告编号：2025-057 ? 调整后回购价格上限：不超过人民币 58.49 元/股 ? 回购价格上限调整起始日期：2025 年 6 月 11 日（权益分派除权除息日） 一、回购股份的基本情况 上海保隆汽车科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第七届董事会第二十四次会议及第七届监事会第二十三次会议，分别审议 通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司以自有 资金及股票回购专项贷款回购公司股份，用于员工持股计划或股权激励，回购金 额不低于人民币 10,000 万元（含），不超过人民币 20,000 万元（含），回购价 格不超过 59.00 元/股（含），回购期限为自公司董事会审议通过回购股份方案 之日起 12 个月内。具体内容详见公司在上海证券交易所网站（www.sse.com.cn） 披露的《上海保隆汽车科技股份有限公司关于以集中竞价交易方式回购股份方案 的公告》（公告编号：2025-031）、《上海保隆汽车科技股份有限公司关于以集 中竞价交易方式回购股份的回购报告书》（公告编号：2025-036，以下简称" ...

证券代码：603197 证券简称：保隆科技 公告编号：2025-058 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 关于以集中竞价交易方式回购股份的进展公告 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法律责任。 重要内容提示： 回购方案首次披露日 2025/4/30 回购方案实施期限 2025 年 4 月 28 日~2026 年 4 月 27 日 预计回购金额 10,000万元~20,000万元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □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 0万股 累计已回购股数占总股本比例 0% 累计已回购金额 0万元 实际回购价格区间 / 一、 回购股份的基本情况 公司于 2025 年 4 月 28 日召开第七届董事会第二十四次会议及第七届监事会 第二十三次会议，分别审议通过了《关于以集中竞价交易方式回购公司股份方案 的议案》，同意公司以自有资金及股票回购专项贷款回购公司股份，用于员工持股 计划或股权激励，回购金额不低于人民币 10,000 ...

Core Points - The company announced a cash dividend of 0.51 CNY per share for its A shares [1] - The total cash dividend distribution amounts to approximately 109.39 million CNY based on the total share capital of 214,482,121 shares [1] - The dividend distribution plan was approved at the annual general meeting held on May 21, 2025 [1] Summary by Sections Dividend Distribution - The cash dividend of 0.51 CNY per share will be distributed to all shareholders registered by the close of trading on June 10, 2025 [1] - The cash dividend payment date is set for June 11, 2025 [1] Share Capital Changes - As of the announcement date, the company's total share capital has increased to 31,214,482,121 shares, up from 212,090,646 shares as of December 2024, due to stock option exercises and convertible bond conversions [1] Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net distribution of 0.51 CNY per share [3] - For shares held for less than one year, the tax implications will be calculated upon the transfer of shares, with a potential tax burden of 20% for shares held for one month or less [3][5] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, leading to a net cash dividend of 0.459 CNY per share [5]