Group 1 - Wencan Co., Ltd. operates over 20 production bases globally, focusing on lightweight and high-safety aluminum castings for automotive clients, particularly in the fields of integrated body castings for electric vehicles, structural components, battery boxes, and braking systems [1] - The company is a leader in the production of integrated large castings, with over 1 million units supplied annually, and has 12 die-casting islands with a capacity of over 6000 tons, including 7 islands with a capacity of 10,000 tons, which will increase to 10 by the end of the year [1] - The newly launched 10,000-ton super die-casting island in Anhui will further solidify Wencan's leadership position in the global integrated die-casting sector [1] Group 2 - Anhui Xiongbang, a subsidiary of Wencan, features a fully digitalized ecosystem that enhances the entire casting process through advanced technologies such as AI, 3D imaging, and autonomous logistics systems, significantly improving efficiency and quality [2] - The factory will house over 28 large intelligent die-casting units, 250 processing centers, 200 high-end robots, and 50 fully automated production lines, making it Wencan's most automated and intelligent facility [2] - The introduction of high-performance AI visual systems for inspection and autonomous guided vehicles for logistics will create a flexible material transport network, enhancing workshop logistics efficiency and safety [2] Group 3 - The establishment of an aluminum die-casting circular industrial park in collaboration with NIO in Liu'an City aims to boost the development of the automotive parts industry in Anhui, promoting a complete industrial chain for a world-class intelligent automotive industry cluster [3] - Wencan has been a strategic partner of NIO since 2017, collaborating on various projects, including large-scale integrated die-casting and material recycling, and plans to deepen this partnership in future innovative fields [3] - The official launch of Anhui Xiongbang marks the completion of a new production base in Central China, demonstrating Wencan's commitment to empowering Chinese manufacturing and leading the global automotive lightweight revolution [4]

证券代码：603348 证券简称：文灿股份 公告编号：2025-022 文灿集团股份有限公司 公司于 2025 年 4 月 25 日召开第四届董事会第十一次会议，并于 2025 年 5 月 16 日召开 2024 年年度股东会，审议通过了《关于变更注册资本、取消监事会 并修订<公司章程>的议案》，具体内容详见公司于 2025 年 4 月 26 日、2025 年 5 月 17 日在上海证券交易所网站（www.sse.com.cn）上披露的相关公告。 公司近日已完成注册资本的工商变更登记手续及公司章程的备案手续，并取 得了佛山市市场监督管理局换发的《营业执照》，相关登记信息如下： （一）统一社会信用代码：91440600193813525E （八）经营范围：一般项目：汽车零部件研发；汽车零部件及配件制造；汽 车零配件批发；有色金属铸造；模具制造；模具销售；专用设备制造（不含许可 类专业设备制造）；企业总部管理。（除依法须经批准的项目外，凭营业执照依法 自主开展经营活动）许可项目：货物进出口；技术进出口。（依法须经批准的项 目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或 许可证件为准） 1 ...

Investment Rating - The report recommends a positive investment outlook for the electric vehicle (EV) sector in Europe, highlighting significant growth opportunities for domestic companies like BYD and Leap Motor due to favorable policies and competitive models [7]. Core Insights - The European new energy vehicle market is expected to experience rapid growth from 2025 to 2028, driven by stringent carbon emission policies and the removal of fuel vehicle tax incentives [2][5]. - Domestic automakers such as BYD and Leap Motor are well-positioned to increase their sales in Europe, benefiting from strong model competitiveness and favorable tariff adjustments [6][7]. - The report emphasizes that the demand for pure electric vehicles is leading the new energy market, with a notable increase in penetration rates across various European countries [4][14]. Summary by Sections Overall Market - The European light vehicle market is projected to recover to 16.46 million units in 2024, with a slight decline of 0.93% year-on-year in Q1 2025 [4][13]. - The penetration rate of new energy vehicles in Europe is expected to rise, with pure electric vehicles dominating the market [4][14]. Policy Impact - The European Commission has extended the timeline for carbon emission targets, providing a three-year buffer for automakers, while also planning to eliminate tax incentives for fuel vehicles [5][6]. - The expected new energy vehicle sales in Europe for 2025 are projected at 3.465 million units, reflecting a 12.4% year-on-year increase despite a reduction from previous estimates [5]. Domestic Companies' Opportunities - Domestic companies like BYD, SAIC, and Leap Motor are expanding their presence in Europe, with BYD's model range effectively covering major segments [6][7]. - The potential introduction of a "minimum import price" mechanism could exempt high-priced electric models from tariffs, benefiting companies like BYD and Leap Motor [6][7]. Component Suppliers - Domestic component manufacturers such as Minth Group and Wencan Co. are expected to see significant growth in their European new energy revenues as the market accelerates [6][7].

Investment Rating - The report suggests a positive investment outlook for the electric vehicle (EV) sector in Europe, particularly for domestic companies like BYD and Leap Motor, due to favorable policies and competitive advantages in vehicle models [8]. Core Insights - The European new energy vehicle market is expected to experience rapid growth from 2025 to 2028, driven by stringent carbon emission policies and the cancellation of fuel vehicle tax incentives [6][8]. - Domestic automakers such as BYD and Leap Motor are well-positioned to benefit from increased sales in Europe, supported by strong model competitiveness and favorable tariff adjustments [2][8]. - Component manufacturers like Minth Group and Wencan Co. are also anticipated to see significant revenue growth in the European new energy sector [2][8]. Summary by Sections Overall Market - The European new energy vehicle market is primarily dominated by pure electric vehicles, with a significant focus on mid to large-sized models. In 2024, the sales volume of light vehicles in Europe is projected to recover to 16.46 million units, with a slight decline of 0.93% year-on-year in Q1 2025 [5][17]. Policy Impact - The European Commission has announced a three-year buffer period for automakers from 2025 to 2027 regarding the zero-emission target for new cars, while also planning to eliminate tax incentives for fuel vehicles. This policy shift is expected to impact both supply and demand for new energy vehicles in Europe [6][8]. Domestic Companies' Prospects - Domestic companies like BYD, SAIC, Geely, and Leap Motor have established a presence in Europe, with BYD's model range effectively covering major segments of the European light vehicle market. The upcoming tariff adjustments are expected to favor these companies, particularly for high-priced pure electric models [7][8]. Investment Recommendations - The report recommends focusing on companies such as BYD, Leap Motor, Minth Group, and Fuyao Glass, as they are expected to benefit from the accelerating electrification in Europe and the favorable market conditions [8].

Group 1 - The core stock price of Wencan Co., Ltd. (603348) closed at 20.34 yuan on June 6, 2025, reflecting a 0.64% increase from the previous week's closing price of 20.21 yuan [1] - The stock reached a peak price of 20.57 yuan on June 5, 2025, and a low of 20.01 yuan on June 3, 2025 [1] - The current total market capitalization of Wencan Co., Ltd. is 6.396 billion yuan, ranking 99th out of 229 in the automotive parts sector and 2371st out of 5148 in the A-share market [1] Group 2 - Wencan Co., Ltd. announced a cash dividend of 0.15 yuan per share, totaling 47,171,578.80 yuan to be distributed [2] - The record date for the dividend is June 11, 2025, with the ex-dividend date and payment date set for June 12, 2025 [2] - The dividend distribution is based on a total share capital of 314,477,192 shares [2]

Core Points - The company announced a cash dividend of 0.15 CNY per share for its A shares, totaling approximately 47.17 million CNY to be distributed to shareholders [1][2][3] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 16, 2025 [1][2] - Key dates for the dividend distribution include the record date on June 11, 2025, the last trading day on June 12, 2025, and the ex-dividend date also on June 12, 2025 [1][2] Dividend Distribution Details - The total number of shares for the dividend calculation is 314,477,192 shares, with a cash dividend of 0.15 CNY per share [1][2] - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the record date [1][2] - Specific shareholders, including certain individuals and an investment company, will receive their cash dividends directly from the company [2][5] Taxation Information - For individual shareholders holding shares for more than one year, the cash dividend is exempt from personal income tax, resulting in a net distribution of 0.15 CNY per share [3][4] - For shares held for one year or less, the tax will be calculated based on the holding period, with a maximum effective tax rate of 20% for shares held for one month or less [3][4] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net cash dividend of 0.135 CNY per share [4][5]

文灿集团股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 证券代码：603348 证券简称：文灿股份 公告编号：2025-021 A 股每股现金红利0.15元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 16 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本314,477,192股为基数，每股派发现金红利0.15 元（含税），共计派发现金红利47 ...

Core Viewpoint - Wencan Co., Ltd. is advancing the construction of new factories in Chongqing, Anhui, and Guangdong, with the Chongqing plant expected to begin trial production in the second half of the year. The company has secured its first customer for magnesium alloy products and plans to expand its automotive lightweight product series based on customer needs and product development [1]. Group 1 - The Chongqing factory is primarily designed to support the production of parts for Silis automobiles [1]. - The company has received customer designation for its first magnesium alloy product [1]. - Future product development will focus on automotive lightweight solutions in response to customer demands [1].

Core Viewpoint - The implementation of mandatory standards such as "General Technical Conditions for Seismic Support and Hangers for Building Mechanical and Electrical Equipment" has expanded the market for seismic support systems in the power battery industry, creating continuous growth opportunities. The Chinese power battery seismic support industry is transitioning from scale expansion to quality improvement, driven by technological innovation and deep market application integration [1][15]. Industry Overview - The power battery seismic support system is designed to ensure the stability and safety of battery systems under seismic conditions. It consists of anchoring components, reinforced hangers, seismic connection components, and diagonal braces [2]. - The industry has developed a complete industrial chain, with upstream focusing on high-end materials like aluminum and magnesium alloys, midstream on design and manufacturing, and downstream applications in energy storage stations and new energy vehicle factories [9][11]. Market Dynamics - The power battery installation volume is expected to reach 130.2 GWh in Q1 2025, with a year-on-year growth of 52.8%, driving the demand for seismic support systems [1][13]. - The market for power battery seismic supports is projected to exceed 15 billion yuan by 2027, reflecting the industry's growth potential [15]. Development History - The industry has evolved through four key stages: the initial phase (2009-2014), standardization phase (2015-2017), rapid growth phase (2018-2020), and the current technology upgrade phase (2021-present) [7]. Competitive Landscape - The industry features a diverse competitive landscape, with traditional seismic companies transitioning, new energy chain companies leading the high-end market, and material and manufacturing companies innovating through lightweight and corrosion-resistant technologies [17][19]. - Key players include Top Group, He Sheng Co., Wen Can Co., and Lian Ying Laser, each focusing on different aspects of the market [2][19]. Future Trends - The industry is shifting from policy-driven to technology-driven and scenario-driven development, with a focus on high-end, customized, and ecological solutions [22]. - Innovations in materials and smart monitoring systems are expected to enhance product performance and reliability, meeting the stringent demands of energy storage and battery swapping scenarios [22][23]. - The industry is moving towards a collaborative ecosystem, integrating upstream material suppliers and downstream service providers to enhance efficiency and sustainability [24].

证券代码：603348 证券简称：文灿股份 公告编号：2025-020 文灿集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 日发布公 司 2024 年年度报告及 2025 年第一季度报告，为便于广大投资者更全面深入地了 解公司 2024 年度及 2025 年第一季度经营成果、财务状况，公司计划于 2025 年 5 月 30 日（星期五）15:00-16:00 举行 2024 年度暨 2025 年第一季度业绩说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年度及 2025 年第 一季度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息 披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 文灿集团股份有限公司 关于召开2024年度暨2025年第一季度业绩说明会的公告 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： 投资者可于 2025 年 5 月 23 日（星期五）至 5 月 29 日（星 ...