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]

证券代码：603786 证券简称：科博达 公告编号：2025-030 科博达技术股份有限公司 关于 2024 年度暨 2025 年第一季度业绩说明会 召开情况的公告 公司于 2025 年 5 月 22 日在上海证券交易所网站（www.sse.com.cn）及指定 媒体披露了《科博达技术股份有限公司关于召开 2024 年度暨 2025 年第一季度业 绩说明会的预告公告》（公告编号：2025-025）。 2025 年 5 月 30 日，公司董事长兼总裁柯桂华先生、董事会秘书裴振东先生、 财务负责人朱迎春女士、首席技术专家于之训先生、独立董事孙林先生出席了本 次说明会，与投资者进行了互动交流和沟通，就投资者关注的问题进行了回复。 二、本次会议投资者提出的主要问题及公司的回复情况 问题 1：如何看待行业未来的发展前景？ 回复：投资者您好，近年来汽车产业约 70%创新来源于电子技术领域。根据 研究报告，汽车电子在新能源车中的价值量占比约 47%~65%。另外，车身电子 控制系统渗透率的不断提高、汽车智能化程度提升带来 ADAS 市场规模的快速 增长均将进一步提升汽车电子占比。在此背景下，公司始终立足全球汽车产业市 场平 ...

Market Overview - The A-share market experienced an overall increase on May 29, with the Shanghai Composite Index closing at 3363.45 points, up 0.7%, the Shenzhen Component Index at 10127.2 points, up 1.24%, and the ChiNext Index at 2012.55 points, up 1.37%. The North Star 50 Index rose by 2.73%. Total trading volume reached 12136.01 billion yuan, an increase of 1795.28 billion yuan compared to the previous trading day [1]. Capital Flow - The net inflow of main funds in the A-share market was 74.33 billion yuan, with an opening net outflow of 19.58 billion yuan and a closing net inflow of 23.89 billion yuan [2]. - The net inflow for the CSI 300 was 12.91 billion yuan, while the ChiNext saw a net inflow of 42.65 billion yuan, and the STAR Market experienced a net outflow of 17.3 billion yuan [4]. Sector Performance - Among the 23 sectors, the computer industry led with a net inflow of 191.73 billion yuan, followed by the electronics sector with 124.39 billion yuan, and the pharmaceutical and biological sector with 112.04 billion yuan. The non-bank financial sector saw a net inflow of 47.51 billion yuan, while the communication sector had 34.87 billion yuan [6][7]. - The sectors with the largest net outflows included food and beverage with -21.56 billion yuan, basic chemicals with -12.02 billion yuan, and banking with -8.89 billion yuan [7]. Individual Stock Activity - The stock with the highest net inflow was Shanzhi Gaoke, with 7.11 billion yuan [8]. - Institutional investors showed significant interest in several stocks, with Wangzi New Materials receiving a net buy of 41.11 million yuan, and Sifang Precision receiving 36.17 million yuan [11][12]. Institutional Focus - Recent institutional ratings highlighted several stocks, including Huichuan Technology with a target price of 73.00 yuan, indicating an upside potential of 8.83%, and Longying Precision with a target price of 24.70 yuan, suggesting a 19.73% upside [14].

Investment Rating - The investment rating for Keboda Technology is maintained as BUY with a target price of RMB 81.02, indicating a potential upside of approximately 51% from the closing price of RMB 53.60 as of May 28, 2025 [1][8]. Core Insights - Keboda Technology is acquiring Czech company IMI for EUR 9.426 million to enhance its overseas expansion and improve its international production layout, which is crucial for securing orders in the automotive sector [1][2]. - The acquisition is expected to facilitate rapid integration of Keboda's business, leveraging IMI's established client base that includes major international auto brands such as Renault, Audi, BMW, and Tesla [2]. - A divestiture plan is in place to ensure ongoing revenue generation during the transition, allowing IMI to provide contract-manufacturing services to cover operating costs [3]. - The company has secured significant contracts with major clients, with overseas revenue constituting about one-third of total sales, highlighting the growing importance of international markets [4]. - Revenue projections for 2025, 2026, and 2027 are set at RMB 7.83 billion, RMB 10.15 billion, and RMB 12.56 billion respectively, with net profit forecasts of RMB 1.05 billion, RMB 1.44 billion, and RMB 1.84 billion [5]. Summary by Sections Acquisition and Integration - Keboda's acquisition of IMI is aimed at enhancing its production capabilities and meeting rising customer demand for suppliers with an overseas presence [1][2]. - The integration plan includes retaining essential assets and personnel from IMI to facilitate efficient deployment of production lines for overseas orders [2][3]. Financial Performance and Projections - The company anticipates robust earnings growth as global orders enter mass production, with revenue and net profit expected to grow significantly over the next few years [1][5]. - The financial forecasts indicate a strong growth trajectory, with revenue growth rates projected at 31.13% for 2025 and 29.70% for 2026 [5][12]. Market Position and Client Base - Keboda has established a strong market position with exclusive contracts from major automotive clients, reflecting its competitive edge in the auto parts industry [4]. - The company aims to complete the establishment of its European plant by 2025, aligning with its strategic goals for international expansion [4].

Core Viewpoint - The company, Kebo Da Technology Co., Ltd., has announced its annual profit distribution plan for the year 2024, which includes a cash dividend of 0.65 yuan per share, totaling approximately 262.51 million yuan for all shareholders [2][4]. Distribution Plan - The profit distribution plan was approved at the company's annual general meeting held on May 16, 2025 [2]. - The distribution is based on a total share capital of 403,859,300 shares [4]. - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration date [3]. Implementation Details - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders who have completed designated transactions [5]. - Shareholders who have not completed designated transactions will have their dividends held by the China Securities Depository and Clearing Corporation Limited until they complete the necessary transactions [5]. Taxation Information - For individual shareholders holding unrestricted circulating shares, the actual cash dividend after tax will be 0.65 yuan per share, with tax liabilities calculated based on the holding period [7]. - For individual shareholders holding restricted circulating shares, the actual cash dividend after tax will be 0.585 yuan per share due to a 10% withholding tax [8]. - Qualified Foreign Institutional Investors (QFII) will also receive a net cash dividend of 0.585 yuan per share after a 10% withholding tax [9][10]. - Other institutional investors and corporate shareholders will receive the full cash dividend of 0.65 yuan per share without withholding tax [11].

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 | 2025/6/5 | － | 2025/6/6 | 2025/6/6 | 差异化分红送转： 否 证券代码：603786 证券简称：科博达 公告编号：2025-029 科博达技术股份有限公司 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 A 股每股现金红利0.65元 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经科博达技术股份有限公司（以下简称"公司"）2025 年 5 月 16 日的 2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 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4 ...

Overview - The rapid development of the automotive market in China has significantly increased the demand for air suspension systems, driven by consumer preferences for comfort, safety, and performance [1][10] - The air suspension system market is projected to reach a demand of 1.0643 million sets and a market size of 10.737 billion yuan in 2024, with over 60% of the demand coming from the passenger vehicle sector [1][10] Industry Policies - The Chinese government has issued various policies to support the development of the automotive parts industry, including air suspension systems, creating a favorable policy environment for industry growth [4][5] Industry Chain - The air suspension system industry consists of upstream suppliers of raw materials (steel, plastic), component suppliers (air springs, dampers, ECU, sensors), system assemblers in the midstream, and downstream automotive manufacturers and aftermarket services [7][8] Market Demand - The automotive market in China has shown steady growth, with production and sales of vehicles increasing by 14.5% and 11.2% year-on-year in early 2025, respectively, and a notable 50.4% increase in the production of new energy vehicles [8][10] Competitive Landscape - The air suspension system market in China is characterized by an oligopolistic structure, with the top five companies holding over 90% market share. The top three companies (Konghui Technology, Top Group, and Baolong Technology) account for 86.7% of the market [12][14] - Konghui Technology leads the market with an installation volume of 335,470 sets, capturing 41.3% of the market share, followed by Top Group with 25.8% and Baolong Technology with 19.6% [12][14] Company Profiles - Konghui Technology is the first domestic company to achieve OEM mass production of passenger car air suspension systems, supplying over 20 models and expecting to deliver over 600,000 units in 2024 [14] - Top Group specializes in automotive parts, with projected revenues of 26.6 billion yuan in 2024, where air suspension systems are a significant part of their product offerings [17] Development Trends - Future air suspension systems are expected to integrate deeply with intelligent driving systems, allowing for automatic adjustments based on road conditions to enhance ride comfort and vehicle stability [19] - The use of high-strength, lightweight materials such as aluminum and carbon fiber is anticipated to increase in air suspension systems to improve efficiency and performance while maintaining strength [19]

Market Overview - The A-share market showed weakness today, with the Shanghai Composite Index closing down by 0.18% and a total trading volume of 1.02 trillion yuan. Over 2,600 stocks rose while 2,576 fell, with 95 stocks hitting the daily limit up and 5 hitting the limit down [1]. Sector Performance - The agricultural chemical sector saw significant gains in the afternoon, with Zhongqi Co. hitting the daily limit up. Other stocks like Zhongnong United, Guangxin Co., and Lier Chemical also reached the limit up [1]. - Consumer goods stocks performed strongly throughout the day, particularly in the beverage manufacturing and clothing sectors, which had the highest gains [1]. Historical Highs - A total of 23 stocks reached historical closing highs today, with a concentration in the machinery equipment, pharmaceutical biology, and food and beverage sectors, featuring 6, 5, and 2 stocks respectively [2]. - The average increase for stocks that reached historical highs was 6.98%, with notable gainers including Hahai Huadong, Jinlongyu, and Jinghua Laser [2]. Institutional Activity - In the institutional trading board, 10 stocks saw net purchases from institutions, with Xinghui Co. leading at a net buy of 34.13 million yuan, followed by Qingdao Jinwang at 26.84 million yuan [5]. - Conversely, stocks like Xindadi and Nuofeng experienced net sales exceeding 40 million yuan [4]. Northbound Capital - Northbound capital saw net purchases in stocks like Greebo and Fenghuo Electronics exceeding 20 million yuan, while net sales over 20 million yuan were recorded for Baili Electric and San Sheng Guo Jian [6]. Corporate Announcements - Sichuan Road and Bridge is planning to acquire 100% equity of Chengdu Xinzhu Transportation Technology Co. from its controlling shareholder, which is expected to constitute a related party transaction [7]. - Muyuansheng has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange [7]. - Keke Technology plans to repurchase shares for an employee stock ownership plan, with a budget of 10 to 20 million yuan [7]. - Zhizhi Co. announced a commitment from its controlling shareholder to not reduce their holdings from May 30 to December 31, 2025 [8].

Group 1 - Guangdian Electric's wholly-owned subsidiary plans to sell 5.91% stake in Shanghai Winshun Electric Technology Co., Ltd. to Yapp Automotive Parts Co., Ltd. for 62.63 million yuan, aiming to optimize asset structure [1] - Anhui Natural Gas received approval for the registration of 500 million yuan short-term financing bonds and 600 million yuan medium-term notes, valid for two years [1] - Kirin Security received government subsidies totaling 6.48 million yuan, which are related to revenue [2] Group 2 - Junshi Biosciences received approval for two new indications for its self-developed drug, Oncorhynchus monoclonal antibody injection, targeting adult patients with heterozygous familial hypercholesterolemia and non-familial hypercholesterolemia [3] - China Resources Double Crane's subsidiary passed GMP compliance inspection for small and large volume injection production lines [4] - Nanjing Public Utilities' board approved the absorption and merger of its wholly-owned subsidiary, Nanjing Jinguang Industry Co., Ltd. [7] Group 3 - Boya Bio received drug registration certificate for human immunoglobulin (pH4) in the Dominican Republic, valid until August 12, 2029 [8] - Jizhi Co. announced that its controlling shareholder and actual controller committed not to reduce their shareholdings until December 31, 2025 [9] - Yuhua Tian won a bid for the integrated urban management project in Lanzhou City, with a total service subsidy of 353 million yuan [10] Group 4 - Anke Rui obtained five invention patent certificates related to various energy management and control technologies [11] - Kebo Da's wholly-owned subsidiary plans to acquire 100% of Czech IMI Company for approximately 9.43 million euros to enhance global production layout [13] - Yantian Port announced a cash dividend of 1.30 yuan per 10 shares, totaling 676 million yuan [14] Group 5 - Huawang Technology plans to distribute a cash dividend of 0.45 yuan per share and a capital reserve increase of 0.20 shares per share [15] - Kabe Yi established a wholly-owned subsidiary in Japan to enhance its business layout [16] - Dongcheng Pharmaceutical's subsidiary received approval for the marketing of sodium fluoride injection, a PET radiopharmaceutical [18] Group 6 - Huaxin New Materials' subsidiary received two utility model patent certificates for innovative devices [19] - Lingang Steel's new 2290 cubic meter blast furnace has been successfully put into operation [21] - Xinlitai received drug registration certificate for Sacubitril/Valsartan tablets, the first of its kind in China [23] Group 7 - Aike Co.'s subsidiary received project designation notices from multiple clients for electric drive platform components [25] - Tonghe Pharmaceutical received drug registration certificate for Apixaban in South Korea [26] - Junting Hotel signed a cooperation agreement with Choice Hotels for exclusive brand usage in mainland China [28] Group 8 - Guangdong Hongtu plans to establish a wholly-owned subsidiary in Zhengzhou to enhance market layout [30] - Yuheng Pharmaceutical signed a joint promotion agreement for Pemafibrate tablets with Xinghe Pharmaceutical [31] - Chongqing Steel terminated the absorption and merger of its wholly-owned subsidiary, citing strategic advantages of independent operation [33] Group 9 - Jihong Co. announced the listing of its H-shares on the Hong Kong Stock Exchange [34] - Deshi Co. announced plans for shareholders to reduce their holdings by up to 0.3% [36] - Xinhai Medical's subsidiary received medical device registration for a dialysis fluid filter [42]

证券代码：603786 证券简称：科博达 公告编号：2025-028 科博达技术股份有限公司 关于全资子公司收购捷克 IMI 公司 100%股权的公告 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个别及连带责任。 重要内容提示： 为加快推进公司全球化战略，完善公司全球生产工厂布局，提高公司可持续 发展能力，公司全资子公司德国科博达拟收购捷克 IMI 公司 100%股权，现将有 关情况公告如下： Coöpratief IMI Europe U.A. 截至 2024 年 12 月 31 日，Coöpratief IMI Europe U.A.资产总额 13,376.29 万 欧元，净资产 112.82 万欧元；2024 年度营业收入 876.80 万欧元，净利润 676.46 1 科博达技术股份有限公司（以下简称"公司"或"科博达"）全资子公司 KEBODA Deutschland GmbH & Co. KG（以下简称"德国科博达"）拟以自 有资金收购 Integrated Micro-Electronics Czech Republic ...