证券代码：603786 证券简称：科博达 公告编号：2025-061 科博达技术股份有限公司 关于为控股子公司申请银行授信额度 提供担保暨关联交易的公告 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责任。 重要内容提示： 一、授信及担保情况概述 （一）授信及担保基本情况 根据公司发展战略及业务需要，公司以现金方式收购上海恪石投资管理有限 公司持有的科博达智能科技 60%股权，该事项已经第三届董事会第十九次会议及 2025 年第三次临时股东大会审议，科博达智能科技成为公司控股子公司并于 2025 年 9 月 30 日纳入合并报表范围。 科博达智能科技成为公司控股子公司后，根据计划，科博达智能科技拟向各 商业银行申请总额不超过人民币 50,000 万元的综合授信额度。授信种类包括但 不限于流动资金贷款、项目资金贷款、银行承兑汇票、商业承兑汇票、贴现、保 1 被担保人名称：上海科博达智能科技有限公司（以下简称"科博达智能 科技"） 2025 年度科博达智能科技拟向银行申请总额不超过人民币 50,000 万元 的综合授信额度，科博达技术股份有 ...

证券代码：603786 证券简称：科博达 公告编号：2025-062 科博达技术股份有限公司 关于为控股子公司提供财务资助暨关联交易的公告 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： 一、财务资助事项概述 （一）财务资助的基本情况 根据公司发展战略及业务需要，公司以现金方式收购上海恪石投资管理有限 公司持有的科博达智能科技 60%股权，该事项已经第三届董事会第十九次会议及 2025 年第三次临时股东大会审议，科博达智能科技成为公司控股子公司并于 2025 年 9 月 30 日纳入合并报表范围。 科博达智能科技成为公司控股子公司后，为支持其业务发展，满足其资金周 转及日常生产经营需要，在不影响公司自身正常经营及资金使用的情况下，公司 拟为科博达智能科技提供财务资助。 | | | 1 科博达技术股份有限公司（以下简称"公司"）拟向上海科博达智能科技有限 公司（以下简称"科博达智能科技"）以借款形式提供不超过人民币 50,000 万 元的财务资助额度，在此额度以内资助资金可循环使用；借款利息根据公司 相关制度，结 ...

证券代码：603786 证券简称：科博达 公告编号：2025-063 科博达技术股份有限公司 关于控股子公司接受财务资助暨关联交易的公告 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责任。 重要内容提示： 一、财务资助事项概述 根据公司发展战略及业务需要，公司拟以现金方式收购上海恪石投资管理有 限公司持有的科博达智能科技 60%股权，该事项已经第三届董事会第十九次会议 及 2025 年第三次临时股东大会审议，科博达智能科技成为公司控股子公司并于 2025 年 9 月 30 日纳入合并报表范围。 鉴于柯桂华先生、柯磊先生及上海恪石目前已为科博达智能科技提供财务资 助，为进一步支持其业务持续发展，公司拟继续接受上述主体对其财务资助，总 额度为不超过人民币 4 亿元；年利率为 0%，该财务资助使用期限不超过 2 年（自 2025 年 10 月 1 日起至 2027 年 9 月 30 日止）。 公司不为该项财务资助提供任何抵押或担保。资助资金主要用于科博达智能 科技补充流动资金，其可以根据资金需求在上述期限及额度内连续循环使用。 根据《上海证 ...

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： 一、 召开会议的基本情况 (一)股东大会类型和届次 证券代码：603786 证券简称：科博达 公告编号：2025-064 科博达技术股份有限公司 关于召开2025年第四次临时股东大会的通知 2025年第四次临时股东大会 (二)股东大会召集人：董事会 召开的日期时间：2025 年 10 月 16 日 14 点 30 分 召开地点：上海市自由贸易试验区祖冲之路 2388 号科博达会议室 (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大会网络投票系统 股东大会召开日期：2025 年 10 月 16 日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 网络投票起止时间：自2025 年 10 月 16 日 至2025 年 10 月 16 日 2、特别决议议案：无 采用上海证券交易所网络投票系统，通过交易系统 ...

证券代码：603786 证券简称：科博达 公告编号：2025-060 科博达技术股份有限公司 第三届监事会第十八次会议决议公告 本公司监事会及全体监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。 监事厉超然与本议案存在关联关系，回避表决。 详见同日披露的《科博达技术股份有限公司关于为控股子公司申请银行授信 额度提供担保暨关联交易的公告》（公告编号：2025-061）。 表决结果：2 票赞成；0 票反对；0 票弃权。 本议案尚需提交公司股东大会审议。 （二）审议通过了《关于为控股子公司提供财务资助暨关联交易的议案》 一、监事会会议召开情况 科博达技术股份有限公司（以下简称"公司"）第三届监事会第十八次会议 通知于 2025 年 9 月 26 日以邮件方式发出，全体监事一致同意豁免会议通知时限， 会议于 2025 年 9 月 30 日上午 11:00 时以通讯表决方式召开。会议应出席监事 3 名，实际出席监事 3 名，会议由监事会主席吴弘先生主持。本次会议的召集、召 开程序符合《中华人民共和国公司法》及《公司章程》等有关规定，会议合法有 效。 二、监 ...

证券代码：603786 证券简称：科博达 公告编号：2025-059 科博达技术股份有限公司 第三届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 科博达技术股份有限公司（以下简称"公司"）第三届董事会第二十次会议通 知于 2025 年 9 月 26 日以邮件方式发出，全体董事一致同意豁免会议通知时限， 会议于 2025 年 9 月 30 日上午 10:00 时以通讯表决方式召开。会议应出席董事 9 名，亲自出席董事 9 名，公司 3 名监事和部分高级管理人员列席了会议，会议由 董事长柯桂华先生主持。本次会议的召集、召开程序符合《中华人民共和国公司 法》及《公司章程》等有关规定，会议合法有效。 二、董事会会议审议情况 （一）审议通过了《关于为控股子公司申请银行授信额度提供担保暨关联 交易的议案》 科博达智能科技向银行申请授信额度及公司为其授信提供担保，是为了满足 企业发展的资金需要，且履行了合法程序；科博达智能科技经营正常、资信状况 良好，同时其为本次担保提供反担保。公司作为 ...

New Stock Issuance - New stock issuance for Daoshengtianhe (Code: 780026) priced at 5.98 RMB on September 29, 2025[1] - Offer period for the acquisition of Shangwei New Materials (Code: 688585) is from September 29, 2025, to October 28, 2025[1] Delisting and Trading Alerts - Zitian Tui (Code: 300280) is in the delisting preparation period with 4 trading days remaining until the last trading day[1] - Significant abnormal fluctuations reported for Kaipu Cloud (Code: 688228) on September 25, 2025[1] Recent Announcements - Multiple companies including Zhonghuan Hailu (Code: 301040) and Shenhuafa A (Code: 000020) have recent announcements regarding their stock activities[1] - A total of 30 companies have made announcements regarding stock fluctuations and trading activities in the past week[1]

Investment Rating - The industry investment rating is "Overweight" indicating that the industry is expected to outperform the overall market [11]. Core Insights - Recent communications with overseas investors reveal a difference in perception compared to domestic investors, with overseas investors focusing more on the long-term global competitiveness of Chinese automotive companies rather than short-term domestic market fluctuations. They view investments in companies like BYD as a hedge against their local automotive industry [4][5]. - There is a strong interest from overseas investors in new technological trends within the Chinese automotive industry, particularly in smart driving and robotics. Positive feedback has been noted regarding the advanced driving assistance features from brands like Xpeng and Li Auto, suggesting potential valuation growth for companies with core technologies and global capabilities [5]. - The report suggests a positive outlook for strong automotive manufacturers capable of successful international expansion and component manufacturers with product and cost advantages [5]. Summary by Sections Overseas Investors - Overseas investors are more concerned with the long-term competitiveness and globalization strategies of Chinese automotive companies, particularly BYD, which is expected to maintain a market cap above 750 billion RMB unless there are significant changes in its global strategy [4]. Technological Trends - The report highlights the growing interest in smart driving technologies among overseas investors, who have provided positive feedback on the driving assistance technologies of brands like Xpeng and Li Auto. This trend is expected to create new valuation opportunities for companies with strong technological capabilities [5]. Investment Recommendations - The report recommends focusing on two main themes: technology and state-owned enterprise reform. Specific recommendations include: 1. Strong domestic manufacturers like BYD, Geely, and Xpeng [5]. 2. Companies aligned with the trend of smart technology, such as Jianghuai Automobile and Seres, with a focus on Li Auto, Kobot, Desay SV, and Jingwei Hirun [5]. 3. State-owned enterprise consolidations, recommending attention to SAIC Motor, Dongfeng Motor, and Changan Automobile [5]. 4. Component manufacturers with strong performance growth and overseas expansion capabilities, recommending Fuyao Glass, New Spring, Fuda, Shuanghuan Transmission, and Yinlun [5].

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [1] Core Views - The automotive industry is expected to benefit from the continuation of the vehicle replacement policy in 2025, supporting upward consumption trends. The industry is also experiencing a structural shift towards high-end and intelligent upgrades, which presents investment opportunities [18] Summary by Sections Recent Developments - Chery Automobile has successfully listed on the Hong Kong Stock Exchange, raising HKD 9.14 billion with a record oversubscription of 238 times. The company's revenue is projected to grow from CNY 92.618 billion in 2022 to CNY 269.899 billion by 2024, with a compound annual growth rate (CAGR) of 70.7% [5][13] - The Ideal i6 was launched at a price of CNY 249,800, featuring advanced technology and performance specifications [14] - The Shangjie H5 was launched with a starting price of CNY 159,800, offering both electric and range-extended versions [15] - The all-new Wanjie M7 was launched with a price range of CNY 279,800 to CNY 379,800, providing multiple powertrain options [17] Market Performance - From September 22 to September 26, the automotive sector underperformed compared to the Shanghai Composite Index, with the automotive index remaining flat while the overall index rose by 0.2% [19] - The automotive sector's weekly trading volume decreased, indicating a potential decline in investor interest [19] Investment Opportunities - The report highlights several companies poised to benefit from the industry's transition to high-end and intelligent vehicles, including Ideal Auto, Jianghuai Automobile, Geely, BYD, and Great Wall Motors [18] - The report also identifies opportunities in high-level intelligent driving technologies, recommending companies like XPeng Motors and Huayang Group [18] - In the commercial vehicle sector, it anticipates a recovery in heavy truck demand in 2025, recommending leading companies such as Foton Motor and China National Heavy Duty Truck Group [18] Key Company and Earnings Forecasts - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for several key companies, indicating a bullish outlook for firms like Yiyuan Co., Baolong Technology, and Xinyu Co. [8]

Investment Rating - The report maintains an "Outperform" rating for the automotive industry [4][5][6]. Core Insights - The automotive industry is experiencing significant advancements in smart driving technologies, with a notable increase in the penetration rates of L2 and above functionalities in passenger vehicles, reaching 30.4% as of July 2025, up 15 percentage points year-on-year [3]. - The report highlights the strategic partnerships and market entries of key players, such as Horizon's collaboration with Hello to accelerate Robotaxi commercialization and Hesai Technology's listing on the Hong Kong Stock Exchange [1][4]. - The report emphasizes the growing importance of high-resolution cameras and advanced driving chips, with 800 million pixel cameras expected to reach a penetration rate of 66.7% by July 2025, and NVIDIA's driving chip market share increasing to 57.5% [2][3]. Summary by Sections Industry News - The Ministry of Industry and Information Technology plans to introduce mandatory national standards to set safety thresholds for autonomous driving technologies [1]. - Key developments include Xiaopeng Motors entering five European markets with new models and the successful road testing of Robotaxis in Dubai and Singapore [1][15][16]. High-Frequency Core Data Updates - By July 2025, the penetration rate of 800 million pixel front-view cameras in passenger vehicles is projected to be 66.7%, with a year-on-year increase of 6 percentage points [2]. - The market share of LiDAR in passenger vehicles is expected to rise to 10.7%, reflecting a year-on-year increase of 3.3 percentage points [2]. Smart Driving - The penetration rate of L2 and above smart driving functionalities in passenger vehicles has increased by 15 percentage points year-on-year, reaching 30.4% as of July 2025 [3]. - The report notes that the penetration rates for various sensors, including front-view cameras and LiDAR, have shown consistent growth [3]. Investment Recommendations - The report recommends investing in companies such as Xiaopeng Motors, Leap Motor, and Geely for complete vehicles, and companies like Hesai Technology and Horizon Robotics for components [4][5].