Market Overview - The electric motor sector experienced a decline of 1.64% on the previous trading day, with Jiadian Co. leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Notable gainers in the electric motor sector included: - Huari Co. (300626) with a closing price of 13.27, up 6.16% on a trading volume of 228,800 shares and a turnover of 299 million yuan [1] - Fangzheng Electric (002196) closed at 16.92, up 5.88% with a trading volume of 1,990,600 shares and a turnover of 3.36 billion yuan [1] - Jiangnan Yifan (301023) closed at 40.46, up 3.77% with a trading volume of 31,400 shares and a turnover of 12.7 million yuan [1] - Major decliners included: - Jiadian Co. (000922) closed at 14.36, down 6.33% with a trading volume of 426,400 shares and a turnover of 625 million yuan [2] - Mingzhi Electric (603728) closed at 65.42, down 3.10% with a trading volume of 50,600 shares and a turnover of 334 million yuan [2] - Dayang Electric (002249) closed at 10.92, down 2.67% with a trading volume of 951,200 shares and a turnover of 1.04 billion yuan [2] Capital Flow - The electric motor sector saw a net outflow of 1.065 billion yuan from institutional investors, while retail investors contributed a net inflow of 863 million yuan [2][3] - Specific stock capital flows included: - China Electric Motor (603988) had a net inflow of 20.175 million yuan from institutional investors, but a net outflow of 26.2146 million yuan from retail investors [3] - Huari Co. (300626) saw a net inflow of 18.9876 million yuan from institutional investors, with a net outflow of 31.5278 million yuan from retail investors [3] - Jiangnan Yifan (301023) had a net inflow of 16.2647 million yuan from institutional investors, with a net outflow of 20.5289 million yuan from retail investors [3]

Core Points - The stock price of Ananda dropped by 2.03% on November 12, trading at 38.53 CNY per share with a market capitalization of 4.485 billion CNY [1] - Ananda's stock has increased by 9.30% year-to-date, but has seen a decline of 2.95% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on May 20, where it recorded a net buy of -8.117 million CNY [1] Financial Performance - For the period from January to September 2025, Ananda achieved a revenue of 1.597 billion CNY, representing a year-on-year growth of 34.10% [2] - The net profit attributable to the parent company for the same period was 96.0565 million CNY, reflecting a year-on-year increase of 13.05% [2] Business Overview - Ananda, established on September 6, 2011, specializes in the research, development, production, and sales of electric drive systems for two-wheeled electric vehicles [1] - The company's revenue composition includes hub motors (82.50%), mid-mounted motors (10.17%), controllers and others (6.79%), and other supplementary products (0.54%) [1] Shareholder Information - As of September 30, Ananda had 12,900 shareholders, an increase of 4.89% from the previous period, with an average of 3,399 circulating shares per shareholder, up by 44.64% [2] Dividend Information - Ananda has distributed a total of 145 million CNY in dividends since its A-share listing [3]

Group 1 - The core viewpoint of the articles highlights the financial performance and market activity of Anada, indicating a stable growth trajectory in revenue and profit, alongside notable trading activity in its stock [1][2][3] Group 2 - As of November 11, Anada's stock price remained unchanged at 0.00%, with a trading volume of 33.63 million yuan. The margin trading data shows a financing buy-in of 3.34 million yuan and a financing repayment of 5.30 million yuan, resulting in a net financing buy of -1.96 million yuan [1] - The total margin trading balance for Anada reached 136 million yuan, accounting for 7.85% of its market capitalization, which is above the 50th percentile level over the past year, indicating a relatively high level of financing [1] - On the short selling side, Anada had no shares sold or repaid on November 11, with a short selling balance of 0.00 shares, placing it in the 90th percentile level over the past year, also indicating a high position [1] Group 3 - As of September 30, Anada had 12,900 shareholders, an increase of 4.89% from the previous period, with an average of 3,399 circulating shares per shareholder, up by 44.64% [2] - For the period from January to September 2025, Anada reported a revenue of 1.597 billion yuan, reflecting a year-on-year growth of 34.10%, and a net profit attributable to shareholders of 96.06 million yuan, which is a 13.05% increase [2] Group 4 - Anada has distributed a total of 145 million yuan in dividends since its A-share listing [3]

证券代码：603350 证券简称：安乃达 公告编号：2025-062 安乃达驱动技术（上海）股份有限公司 关于与关联方共同投资设立控股子公司 暨关联交易的进展公告 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。 一、交易概述 安乃达驱动技术（上海）股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召开第四届董事会第十次会议，审议通过了《关于与关联方共同投资设 立控股子公司暨关联交易的议案》，同意公司与宁波迎凤一号自有资金投资合伙 企业（有限合伙）、宁波迎凤二号自有资金投资合伙企业（有限合伙）、自然人 袁儒鹏共同设立子公司博蓝克智能科技(苏州)有限公司（以下简称"标的公 司"）。公司拟以自有资金出资 1,020 万元人民币，占标的公司注册资本 51%。 具 体 内 容 详 见 公 司 于 2025 年 10 月 28 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《关于与关联方共同投资设立控股子公司暨关联交 易的公告》（公告编号：2025-060）。 统一社会信用代码：913 ...

证券代码：603350 证券简称：安乃达 公告编号：2025-061 安乃达驱动技术（上海）股份有限公司 关于召开2025年第三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： 安乃达驱动技术（上海）股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于广大投资者更全面的了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 6 日（星期四） 14:00-15:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 独立董事：卢建波先生 四、投资者参与方式 （一）投资者可在 2025 年 11 月 6 日（星期四）14:00-15:00，通过互联网 登录上证路演中心（https://roadshow.sseinfo.com/），在线参与本次业绩说明 会，公司将及时回答投资者的提问。 （二）投资者可于 11 月 5 日（星期三）16:00 前登录上证路演中心网站首 页，点击"提问预征集"栏 ...

一、说明会类型 本次说明会以网络文字互动形式召开，公司将针对 2025 年第三季度的经营 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。 证券代码：603350 证券简称：安乃达 公告编号：2025-061 安乃达驱动技术（上海）股份有限公司 关于召开2025年第三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： 安乃达驱动技术（上海）股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于广大投资者更全面的了解公 司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 6 日（星期 四）14:00-15:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行 交流。 （二）投资者可于 11 月 5 日（星期三）16:00 前登录上证路演中心网站首 页，点击"提问预征集"栏目（https://roadshow.sseinfo.com/pre ...

Core Viewpoint - Recently, Bolank Intelligent Technology (Suzhou) Co., Ltd. was established with a registered capital of 20 million yuan, focusing on the development and sales of intelligent robots and artificial intelligence software [1] Company Summary - Bolank Intelligent Technology (Suzhou) Co., Ltd. has a registered capital of 20 million yuan [1] - The company's business scope includes research and development of intelligent robots, sales of intelligent robots, development of artificial intelligence theories and algorithms, and development of artificial intelligence application software [1] - The company is co-owned by An Naida and others, as indicated by the equity penetration data [1]

Group 1 - The core viewpoint of the news is that 安乃达 (Anada) is experiencing significant growth in both revenue and net profit, alongside notable changes in its financing and shareholder structure [2][3]. Group 2 - As of October 29, 安乃达's stock price decreased by 0.18%, with a trading volume of 62.5574 million yuan. The financing buy-in amount for the day was 9.8065 million yuan, while the financing repayment was 8.3457 million yuan, resulting in a net financing buy-in of 1.4608 million yuan. The total financing and securities balance reached 136 million yuan [1]. - The current financing balance of 136 million yuan accounts for 7.88% of the circulating market value, which is above the 50th percentile level over the past year, indicating a high level of financing [1]. - On the securities lending side, there were no shares repaid or sold on October 29, with the securities lending balance also at 0.00 shares, placing it in the 90th percentile level over the past year, indicating a high position [1]. Group 3 - As of September 30, the number of shareholders for 安乃达 increased to 12,900, a rise of 4.89%. The average circulating shares per person increased by 44.64% to 3,399 shares [2]. - For the period from January to September 2025, 安乃达 reported a revenue of 1.597 billion yuan, reflecting a year-on-year growth of 34.10%. The net profit attributable to the parent company was 96.0565 million yuan, marking a year-on-year increase of 13.05% [2]. Group 4 - Since its A-share listing, 安乃达 has distributed a total of 145 million yuan in dividends [3].

Core Viewpoint - The company announced adjustments to its 2024 stock incentive plan, including changes to the grant price and repurchase price of restricted stocks, as well as the exercise price of stock options, following the implementation of a cash dividend distribution [11][27][33]. Financial Data - The third quarter financial report for 2025 was reviewed and deemed to accurately reflect the company's financial status and operational results, with no false records or significant omissions [14][17]. - The company’s financial statements for the first three quarters of 2025 are unaudited [3][8]. Shareholder Information - The company plans to invest 10.2 million RMB to establish a subsidiary, holding 51% of the shares, in collaboration with related parties [37][39]. - The investment is classified as a related party transaction but does not constitute a major asset restructuring [37][39]. Board Meeting Details - The fourth board meeting was held on October 24, 2025, with all directors present, and the resolutions passed were in compliance with relevant laws and regulations [10][11]. - The board approved the adjustment of the stock incentive plan and the establishment of a new subsidiary [11][39]. Legal and Compliance - The adjustments to the stock incentive plan have been verified by legal counsel, confirming compliance with applicable laws and regulations [34][48]. - Independent directors have reviewed and approved the related party transaction, ensuring no adverse effects on the company’s operations [47][48].

Core Insights - Anada Drive Technology (Shanghai) Co., Ltd. reported a significant revenue growth of 34.10% year-on-year for the first three quarters of 2025, reaching 1.597 billion yuan, with a net profit of 96.06 million yuan, up 13.05% [1] - The company attributes its performance to the expansion of its product matrix and forward-looking industry layout, particularly in the electric drive system solutions sector [1] Financial Performance - For Q3 2025, Anada achieved a revenue of 565 million yuan, representing a year-on-year increase of 27.81%, while the net profit for the quarter was 20.70 million yuan, up 105.50% year-on-year [1] - The overall financial results indicate a strong upward trend in both revenue and profit margins, showcasing the company's effective growth strategies [1] Product Development and Market Expansion - Anada is actively expanding its product applications beyond electric two-wheeled vehicles to include smart lawn mowers and electric wheelchairs, with mass production already achieved [1] - The company is also investing in the development of new motor applications for golf ball retrieval robots and wheeled chassis for embodied intelligent robots, indicating a commitment to innovation [1] - Anada has established Bolank Intelligent Technology (Suzhou) Co., Ltd. to further its efforts in the embodied intelligent robot sector [1] International Market Strategy - The company has intensified its overseas market expansion efforts, participating in nine major domestic and international exhibitions in the first half of 2025 to enhance brand visibility [2] - Anada's overseas factory in Vietnam commenced production in the first half of 2025, successfully delivering products to multiple clients, which reflects its commitment to global market penetration [2]