特此公告。 浙江五洲新春集团股份有限公司 董事会 | 证券代码：603667 证券简称：五洲新春 | | 公告编号：2025-053 | | | | | --- | --- | --- | --- | --- | --- | | 浙江五洲新春集团股份有限公司关于公司控股股东 | | | | | | | 之一致行动人部分股票解除质押及再质押的公告 | | | | | | | 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： | | | | | | | 截止本公告日，公司控股股东之一致行动人浙江五洲新春控股集团股份有限 | | ? | | | | | 公司持有公司股份 23,360,187 股，占公司总股本的 6.38%，其中股份累计质 | | | | | | | 押数量为 22,240,000 股，占其持有公司股份数量的 95.20%，占公司总股本的 | | | | | | | 截止本公告日，公司控股股东及其一致行动人合计持有公司股份数量为 | | ? | | ...

Fundraising Plan - The company plans to raise a total of up to 1 billion yuan through a private placement of A-shares, with the funds primarily allocated to the development and industrialization of core components for humanoid robots and intelligent driving systems [1][8] - The total investment for the project is estimated at 1.3547462 billion yuan, with 1 billion yuan expected to be funded through this fundraising effort [1] Project Necessity and Feasibility - The humanoid robot and intelligent driving core components project is crucial for meeting the growing market demand and capitalizing on the domestic substitution opportunity, as the market for humanoid robots and intelligent vehicles is rapidly expanding [2][3] - The project aims to produce high-end screws and bearings essential for humanoid robots and intelligent vehicles, which are expected to see significant demand growth due to technological advancements [3][4] Market Trends - The global humanoid robot market is projected to reach 1.017 billion USD in 2024 and 15 billion USD by 2030, while the penetration rate of intelligent vehicles in passenger car sales is expected to rise from 18.5% to 57.1% [2] - By 2030, intelligent vehicle sales in China are anticipated to approach 30 million units, with a compound annual growth rate of 10.9% from 2023 to 2030 [2] Policy Support - National and local policies are strongly supporting the development of humanoid robots and intelligent vehicles, providing a favorable environment for the project's implementation [4][5] - Recent government initiatives emphasize the importance of intelligent networked vehicles and the development of related components, aligning with the company's project goals [4] Technical and Operational Strengths - The company possesses strong technical capabilities, being a national high-tech enterprise with established research centers and a dedicated R&D team focused on precision components [5][6] - The production processes for screws and bearings are similar, facilitating the company's expansion into the screw market while leveraging existing manufacturing expertise [5] Customer Base and Market Expansion - The company has a solid customer base, including leading global manufacturers in the industrial and automotive sectors, which will aid in the market penetration of the new products [6][7] - The project is expected to generate significant economic benefits, with ongoing efforts to secure partnerships with key clients in the humanoid robot and automotive industries [6] Financial Impact - The fundraising will enhance the company's financial structure, providing necessary working capital to support business growth and improve overall competitiveness [7][8] - The successful completion of the fundraising will lead to an increase in total assets and net assets, optimizing the company's capital structure and reducing future financing costs [7][8]

浙江五洲新春集团股份有限公司 未来三年股东分红回报规划 （2025-2027 年） 为建立科学、持续、稳定的股东回报机制，增强利润分配政策透明度，给予 投资者稳定的分红回报，引导投资者树立长期投资和理性投资理念，浙江五洲新 春集团股份有限公司（以下简称"公司"）根据《上市公司监管指引第 3 号—上 市公司现金分红》《上海证券交易所上市公司自律监管指引第 1 号—规范运作》 等法律法规和规范性文件要求，结合《公司章程》及公司实际情况，制定了《未 来三年股东分红回报规划（2025－2027 年）》（以下简称"本规划"）。 一、本规划的制定原则 公司董事会根据《公司章程》确定的利润分配政策制定规划，着眼于长远和 可持续发展，综合考虑公司的实际情况、发展目标，建立并实行对投资者持续、 稳定、科学的回报规划与机制，从而对股利分配作出制度性安排，以保证股利分 配政策的连续性和稳定性，充分维护公司股东依法享有的资产收益等权利。 二、公司制定本规划的考虑因素 公司实行连续、稳定、积极的利润分配政策，公司的利润分配应重视对投资 者的合理回报并兼顾公司的可持续发展，公司应在综合分析公司经营发展实际、 股东要求和意愿、社会资金成本 ...

关于 2025 年度向特定对象发行 A 股股票相关事项的 书面审核意见 浙江五洲新春集团股份有限公司（以下简称"公司"）拟向特定对象发行 A （以下简称"《公 浙江五洲新春集团股份有限公司监事会 公司编制了《浙江五洲新春集团股份有限公司关于前次募集资金使用情况的专项 报告》，公司编制的《浙江五洲新春集团股份有限公司关于前次募集资金使用情 况的专项报告》符合法律法规及公司实际情况，符合公司及全体股东的利益。 体的填补回报措施，公司实际控制人、控股股东、董事、高级管理人员对公司填 补回报措施能够得到切实履行作出了承诺，有利于保障投资者合法权益，符合公 司和全体股东利益，不存在损害公司及全体股东特别是中小股东利益的情形。 股股票（以下简称"本次发行"）。根据《中华人民共和国公司法》 司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）《上市公司证 券发行注册管理办法》（以下简称"《注册管理办法》"）等有关法律、行政法规、 规范性文件和《浙江五洲新春集团股份有限公司章程》的要求，公司监事会经认 真审阅公司本次发行涉及的相关文件，对公司本次发行的相关事项，发表书面审 核意见如下： 规及规范性文件关于上市公司向特 ...

证券代码：603667 证券简称：五洲新春 公告编号：2025-051 浙江五洲新春集团股份有限公司 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： 召开的日期时间：2025 年 7 月 2 日 14 点 00 分 召开地点：浙江省绍兴市新昌县泰坦大道 199 号公司会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 7 月 2 日 至2025 年 7 月 2 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 关于召开2025年第三次临时股东大会的通知 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 ...

Group 1 - The company held its fourth board meeting of the fifth session on June 16, 2025, with all seven directors present, confirming compliance with relevant laws and regulations [1] - The board approved a proposal for the company to issue A-shares to specific investors, stating that the company meets the qualifications and conditions for such issuance [2][3] - The proposal received unanimous support from the board, with all seven votes in favor, and will be submitted for approval at the shareholders' meeting [2][9] Group 2 - The company plans to issue A-shares to no more than 35 specific investors, including qualified institutional investors and natural persons, with all subscriptions to be made in cash [3][7] - The total number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 109,902,150 shares [4][5] - The final number of shares will be determined after obtaining approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [5][6] Group 3 - The funds raised from the issuance, capped at 100 million yuan, will be allocated to the development and industrialization of intelligent robots and core components for automotive intelligent driving [7][8] - If the actual net amount raised is less than the planned investment, the company will adjust the investment amounts accordingly and cover any shortfall with its own funds [8] - The shares acquired through this issuance will be subject to a six-month lock-up period post-issuance [7][9] Group 4 - The board will be authorized to handle all matters related to the issuance, including the specific plan, timing, quantity, pricing, and selection of investors [11][12] - The authorization will remain valid for 12 months following the shareholders' meeting approval [12]

Macroeconomic Group - The Federal Open Market Committee (FOMC) decided to maintain the federal funds rate at 4.25% - 4.50%, marking a pause in the rate cut cycle that began in September of the previous year, aligning with market expectations [3] - The FOMC's statement was revised to indicate that uncertainty has diminished but remains high, and it reiterated that net export fluctuations affect data while the economy continues to expand steadily [3] - The dot plot indicates that the median FOMC members expect two rate cuts in 2025, totaling 50 basis points, with the median rate forecast for 2025 at 3.9% [4][5] Industry Comprehensive Group - The price of DDR4 memory products has surged nearly 100% since January 2025, with current prices exceeding the June 2024 peak, while DDR5 prices have also increased significantly [9] - The rapid price increase in the storage market has led to substantial growth in the performance of domestic storage module manufacturers and distributors, particularly benefiting companies with high inventory levels such as Jiangbolong and Demingli [9] Advanced Manufacturing Group - Powin, a major battery storage system integrator in the U.S., filed for Chapter 11 bankruptcy, affecting several Chinese companies, including CATL and Qingdao CIMC Puwei [11] - The bankruptcy was attributed to soaring tariff costs and a weak business model lacking vertical integration, leading to significant debt risks for Chinese firms [11] - The U.S. energy storage market is expected to experience a short-term freeze, with Fluence reducing its annual revenue guidance by 27% [11] Consumption Group - The combined GMV of beauty products on Tmall and Douyin reached 29.96 billion yuan in May 2025, showing a slight year-on-year increase of 1.3%, with a notable divergence in performance between high-end and mass-market brands [14] - High-end domestic brands like Mao Ge Ping and Ke Li Jin saw significant sales growth, while mass-market brands like Proya and Winona faced declines [15] - The beauty consumption trend is shifting towards high-end, efficacy-driven products, with Douyin emerging as a new growth engine for high-end brands [15]

Core Viewpoint - Wuzhou Xinchun (603667.SH) is accelerating its layout in the screw rod sector to promote product upgrades, with plans to raise up to 1 billion yuan through a private placement of A-shares for investment in intelligent robotics and automotive core components [1] Group 1: Fundraising and Investment Plans - The company plans to invest 700 million yuan from the fundraising into a project located in Zhejiang Province, with a total investment of 1.055 billion yuan, and a construction period of 3 years [1] - Upon reaching full production, the project is expected to yield an annual output of 980,000 planetary roller screws, 2.1 million micro ball screws, 70,000 specialized bearings for general robots, 1 million steering system screws, and 4 million parking brake system screws [1] Group 2: Historical Fundraising Activities - Previously, Wuzhou Xinchun has conducted two rounds of fundraising, raising a total of 1.003 billion yuan, with the first round in March 2019 raising 463 million yuan for quality asset acquisitions, and the second round in August 2023 raising 540 million yuan for various manufacturing projects and working capital [2] Group 3: Business Overview and Revenue Breakdown - Wuzhou Xinchun has been listed on the Shanghai Stock Exchange since 2016 and has over 20 years of experience in precision manufacturing, covering the entire industry chain of bearings and precision components [2] - In 2024, the company expects to generate 1.792 billion yuan in revenue from the bearing industry, accounting for 54.91% of total revenue, while the thermal management system components and automotive parts industries are expected to generate 942 million yuan (28.87%) and 471 million yuan (14.44%) respectively [2] Group 4: Financial Performance - In the first quarter of 2025, the company reported a revenue of 889 million yuan, a year-on-year increase of 15.06%, and a net profit of 37.85 million yuan, a slight increase of 0.05% [3] - As a high-tech enterprise, Wuzhou Xinchun has invested a total of 302 million yuan in R&D from 2022 to 2024, with 378 R&D personnel making up 7.56% of the total workforce by the end of 2024 [3]

Core Viewpoint - Wuzhou Xinchun plans to raise up to 1 billion yuan through a private placement to fund the development and industrialization of core components for embodied intelligent robots and automotive intelligent driving, while also supplementing working capital [1] Group 1: Company Overview - Wuzhou Xinchun has a long-standing focus on precision manufacturing, with products including bearings, thermal management system components, and automotive safety system components [1] - The company is gradually transitioning towards emerging industries such as new energy vehicles, wind power, and humanoid robots, with a focus on screw products [1] Group 2: Fundraising Details - The private placement will target no more than 35 specific investors, with the issuance price set at no less than 80% of the average price over the previous 20 trading days [1] - The project is expected to achieve an annual production capacity of 980,000 planetary roller screws and 2.1 million micro ball screws within three years [1] Group 3: Market Reaction - On the first trading day after the announcement, Wuzhou Xinchun's stock price fell by 5.92%, closing at 32.92 yuan per share, resulting in a total market value of 12.06 billion yuan [2] - The stock price had previously surged nearly twofold between December 2024 and February 2025 due to the robot concept, despite the screw business contributing less than 0.3% to revenue [2] Group 4: Historical Fundraising - In recent years, Wuzhou Xinchun has been active in fundraising, raising 460 million yuan through a private placement in 2019, 330 million yuan through convertible bonds in 2020, and 540 million yuan through another private placement in 2023 [2] Group 5: Industry Context - The company operates under the theme of "domestic substitution," emphasizing the need to seize opportunities for industrial upgrades while being cautious of concept bubbles [2]

Group 1 - The core viewpoint of the article highlights the rapid valuation changes in the cosmetics industry, particularly focusing on the success of the brand Mao Geping, which has achieved a market value of over 500 billion, surpassing several competitors combined [1][16]. - Mao Geping's business model is unique and difficult to replicate, emphasizing a combination of high-quality products and personalized customer service [3][19]. - The brand's marketing strategy leverages the founder's expertise in makeup, reducing reliance on KOLs and online marketing, which contributes to a higher net profit margin [19][21]. Group 2 - Mao Geping's early career as a makeup artist gained traction through his work on the TV series "Wu Zetian," leading to the establishment of his brand and schools for training [4][6]. - The brand's revenue model includes a significant contribution from training services, with a reported 1.5 billion in revenue from training alone [6][21]. - Mao Geping's approach to customer engagement includes offering makeup trials and personalized services, resulting in a high repurchase rate of 99.7% among premium members [21][25]. Group 3 - The cosmetics industry faces challenges such as high marketing costs and low net profit margins, with competitors like Perfect Diary experiencing significant losses [13][15]. - Mao Geping's brand has managed to maintain a competitive edge by avoiding the typical high sales expense structure of the industry, achieving a gross margin of 84.4% [25][28]. - The brand's focus on in-store experiences and personalized services has allowed it to thrive in a market where many brands struggle with product differentiation and high customer acquisition costs [19][22].