科博达技术股份有限公司 第三届董事会第九次会议决议公告 一、董事会会议召开情况 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。 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"）第三届董事会第九次会议通知 于 2024 年 8 月 9 日以邮件方式发出，并于 2024 年 8 月 22 日下午 13:00 时以现 场会议结合通讯方式召开。会议应出席董事 9 名，亲自出席董事 9 名（董事许敏 先生、马钧先生以通讯方式参加了会议），公司 3 名监事和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 证券代码：603786 证券简称：科博达 公告编号：2024-045 该议案已经审计委员会审议通过，并同意提交公司董事会审议。 详见同日披露的《科博达技术股份有限公司 2024 年半年度报告》、《科博 达技术股份有限公司 2024 年半年度报告摘要》。 表决结果：9 票赞成；0 票反对；0 ...

Financial Performance - Revenue for the first half of 2024 reached RMB 2,742,352,983.72, a 39.85% increase compared to the same period last year[17] - Net profit attributable to shareholders of the listed company was RMB 371,567,773.25, up 34.85% year-on-year[17] - Basic earnings per share increased by 35.23% to 0.9247 yuan per share compared to the same period last year[18] - Diluted earnings per share rose by 34.82% to 0.9154 yuan per share year-over-year[18] - Weighted average return on equity increased by 1.33 percentage points to 7.72%[18] - Revenue for the first half of 2024 reached 27.42 billion yuan, a year-on-year increase of 39.85%[33] - Net profit attributable to shareholders was 3.72 billion yuan, up 34.85% year-on-year[33] - Revenue increased by 39.85% to RMB 2,742,352,983.72 compared to the same period last year[38] - Operating costs rose by 43.46% to RMB 1,943,132,757.93 due to increased revenue[38] - Sales expenses surged by 86.31% to RMB 62,527,543.07, primarily due to higher sales service fees[38] - R&D expenses grew by 5.51% to RMB 222,382,643.95, driven by increased labor costs[38] - Revenue from the automotive parts sector increased by 38.25% to RMB 2,650,499,483.78[39] - Domestic revenue grew by 37.52% to RMB 1,718,960,732.85, while international revenue increased by 39.63% to RMB 931,538,750.93[40] - Total operating revenue for the first half of 2024 reached 2,742,352,983.72 yuan, a significant increase from 1,960,987,054.37 yuan in the same period last year[107] - Operating costs for the first half of 2024 were 2,380,779,461.95 yuan, compared to 1,696,594,377.58 yuan in the first half of 2023[107] - Net profit for the first half of 2024 was 394,562,367.16 yuan, an increase from 293,415,229.73 yuan in the first half of 2023[108] - Revenue for the first half of 2024 reached 1,678,479,158.63 RMB, a 24.7% increase compared to 1,346,606,289.56 RMB in the same period of 2023[110] - Operating profit for the first half of 2024 was 173,811,243.11 RMB, a 43.8% decrease from 309,482,433.95 RMB in the first half of 2023[112] - Net profit for the first half of 2024 was 177,828,529.12 RMB, a 43.4% decrease from 314,169,010.11 RMB in the same period of 2023[113] - Sales revenue from goods and services in the first half of 2024 was 2,845,118,919.27 RMB, a 47.6% increase from 1,927,405,939.49 RMB in the first half of 2023[114] - Cash flow from operating activities in the first half of 2024 totaled 2,967,738,306.23 RMB, a 48.4% increase from 2,000,374,713.35 RMB in the same period of 2023[114] - Operating cash flow decreased to 125.87 million yuan in the first half of 2024, down from 314.41 million yuan in the same period last year[116] - Investment cash flow turned negative at -156.09 million yuan, compared to a positive 205.37 million yuan in the first half of 2023[116] - Parent company's operating cash flow increased by 25.4% to 381.83 million yuan[118] - Parent company's investment cash inflow reached 907.07 million yuan, up 6% year-over-year[118] Cash Flow and Financial Position - Net cash flow from operating activities decreased by 59.97% to RMB 125,873,314.02 compared to the same period last year[17] - Total assets as of the end of the reporting period were RMB 6,726,402,804.22, a 5.83% increase from the end of the previous year[17] - Net cash flow from operating activities decreased by 59.97% to RMB 125,873,314.02, mainly due to higher procurement and labor costs[38] - Total assets increased to 6,726,402,804.22 RMB, up from 6,355,658,486.61 RMB at the end of 2023[103] - Current assets rose to 5,225,803,387.84 RMB, compared to 4,916,280,405.50 RMB at the end of 2023[101] - Non-current assets grew to 1,500,599,416.38 RMB, up from 1,439,378,081.11 RMB at the end of 2023[102] - Total liabilities increased to 1,808,061,218.58 RMB, compared to 1,557,414,237.48 RMB at the end of 2023[103] - Current liabilities rose to 1,695,509,320.13 RMB, up from 1,439,037,436.75 RMB at the end of 2023[102] - Non-current liabilities decreased to 112,551,898.45 RMB, down from 118,376,800.73 RMB at the end of 2023[103] - Shareholders' equity increased to 4,918,341,585.64 RMB, up from 4,798,244,249.13 RMB at the end of 2023[103] - Cash and cash equivalents decreased to 804,215,669.32 RMB, down from 997,291,488.98 RMB at the end of 2023[101] - Accounts receivable decreased to 1,503,151,547.88 RMB, down from 1,532,424,000.43 RMB at the end of 2023[101] - Inventory increased to 1,537,183,975.15 RMB, up from 1,345,579,264.49 RMB at the end of 2023[101] - Total assets as of the end of the first half of 2024 were 4,433,490,395.21 yuan, compared to 4,173,171,954.28 yuan at the end of the first half of 2023[105] - Total liabilities as of the end of the first half of 2024 were 1,103,370,459.07 yuan, up from 797,478,214.57 yuan at the end of the first half of 2023[106] - Long-term equity investments increased to 867,747,013.83 yuan in the first half of 2024, up from 781,429,178.99 yuan in the same period last year[105] - Total equity attributable to shareholders as of the end of the first half of 2024 was 3,330,119,936.14 yuan, slightly down from 3,375,693,739.71 yuan at the end of the first half of 2023[106] - Cash outflow for employee compensation increased to 417.17 million yuan, up 28.4% year-over-year[116] - Tax payments more than doubled to 151.02 million yuan from 61.66 million yuan in the previous year[116] - Cash received from investments rose significantly to 1.34 billion yuan, an 85.8% increase compared to the first half of 2023[116] - Total owner's equity decreased by 120.10 million yuan in the first half of 2024[121] - Minority interests in equity reduced by 25.78 million yuan during the reporting period[121] - Undistributed profits increased by 129.23 million yuan, contributing to the overall equity change[121] Business Operations and Strategy - The company's main business partners include Volkswagen Group, FAW Group, Daimler, Ford, BMW, Toyota, and Jaguar Land Rover[9] - The company's main subsidiaries include Zhejiang Keboda Industrial Co., Ltd. and Shanghai Keboda Intelligent Technology Co., Ltd[9] - The company's main products are related to automotive electronics and intelligent technology[9] - The company secured 43 new projects with an estimated lifecycle sales volume of 75 million units[34] - Total R&D projects reached 136, with an estimated lifecycle sales volume exceeding 280 million units[34] - New energy vehicle business accounted for over 15% of total sales, with Li Auto becoming the 4th largest customer[36] - Sales to Li Auto reached 300 million yuan, a 157.5% increase year-on-year, accounting for 11% of total sales[36] - The company obtained the Volkswagen Group's next-generation LED headlight controller project[34] - Efuse, DCC, and ASC products successfully entered Volkswagen's supply chain[35] - eLSV (Electronic Steering Column Controller) secured a global platform project with BMW[35] - DCDC (DC-DC Converter) and thermal management smart actuators received project approvals from Porsche and Audi[35] - The company specializes in automotive electronics, focusing on lighting control systems, motor control systems, and energy management systems[25] - The company maintains stable supplier relationships with global automakers and operates in both domestic and international markets[25] - Procurement is divided into pre-production, post-production, and MRO categories, focusing on cost control, supplier management, and quality assurance[26] Subsidiaries and Investments - The company invested RMB 70,000,000 in a subsidiary, increasing its registered capital to RMB 80,000,000[44] - The company also invested RMB 60,000,000 in another subsidiary, raising its registered capital to RMB 120,000,000[44] - Overseas assets amounted to RMB 227,063,607.35, accounting for 3.38% of total assets[42] - Zhejiang Keboda Industrial Co., Ltd. reported total assets of 3,198,816,500 yuan, net assets of 1,438,473,000 yuan, and operating income of 1,910,472,200 yuan[50] - Wenzhou Keboda Auto Parts Co., Ltd. had total assets of 318,103,100 yuan, net assets of 259,861,000 yuan, and operating income of 120,130,300 yuan[50] - Keboda Chongqing Automotive Electronics Co., Ltd. reported total assets of 103,623,600 yuan, net assets of 70,256,100 yuan, and operating income of 25,517,400 yuan[50] - Weifang Keboda Power Technology Co., Ltd. had total assets of 33,616,100 yuan, net assets of -5,228,400 yuan, and operating income of 736,800 yuan[50] - KEBODA Deutschland GmbH & Co. KG reported total assets of 159,364,000 yuan, net assets of 718,500 yuan, and operating income of 153,930,900 yuan[50] - KEBODA Deutschland Verwaltungs GmbH had total assets of 173,900 yuan and net assets of 173,900 yuan[50] - Meke Inc. reported total assets of 657,000 yuan, net assets of 220,600 yuan, and operating income of 2,145,000 yuan[50] - Changchun Keboda Sales Service Co., Ltd. had total assets of 16,330,400 yuan, net assets of 16,163,800 yuan, and operating income of 1,200,000 yuan[50] - Jiaxing Keao Electromagnetic Technology Co., Ltd. reported total assets of 282,443,100 yuan, net assets of 216,282,700 yuan, and operating income of 175,854,100 yuan[50] Shareholder and Equity Information - The company repurchased and canceled 74,200 restricted shares, with the process completed on June 12, 2024, and the registered capital reduced accordingly[60] - On July 2, 2024, the company announced the release of 1,126,650 restricted shares for trading, effective from July 5, 2024[60] - The company adjusted the repurchase price of restricted shares under the 2022 incentive plan and canceled 9,800 restricted shares on June 26, 2024[60] - The company's total share capital as of June 30, 2024, is 403,900,100 shares, with 263,870 shares being restricted and 401,261,450 shares being freely tradable[92] - The company repurchased and canceled 74,200 restricted shares, reducing the total share capital from 403,974,300 shares to 403,900,100 shares[91] - The actual controllers of the company are Mr. Ke Guihua and Mr. Ke Binghua, with Ke Lei and Ke Longtu as their concerted parties[95] - The top shareholder, Keboda Investment Holding Co., Ltd., holds 239,449,043 shares, representing 59.28% of the total shares[94] - Ke Guihua holds 25,655,234 shares, accounting for 6.35% of the total shares[94] - Shanghai Fujie Enterprise Management Partnership reduced its holdings by 1,562,100 shares, now holding 17,811,613 shares, or 4.41% of the total[94] - Ke Binghua holds 12,827,633 shares, representing 3.18% of the total shares[94] - Ke Lei holds 12,827,633 shares, also representing 3.18% of the total shares[94] - Shanghai Yingri Enterprise Management Partnership reduced its holdings by 1,854,600 shares, now holding 9,420,863 shares, or 2.33% of the total[94] - Shanghai Dingtao Enterprise Management Partnership reduced its holdings by 2,435,600 shares, now holding 7,498,927 shares, or 1.86% of the total[94] - China Merchants Bank Co., Ltd. - Xingquan Hetai Hybrid Securities Investment Fund increased its holdings by 209,883 shares, now holding 5,266,537 shares, or 1.30% of the total[94] - China Merchants Bank Co., Ltd. - Xingquan Herun Hybrid Securities Investment Fund holds 4,530,471 shares, representing 1.12% of the total shares[96] Environmental and Social Responsibility - The company holds 6 ISO14001 environmental management system certifications, demonstrating its commitment to environmental protection[63] - The company has implemented energy-saving projects, including rooftop photovoltaic systems and heat recovery from air compression systems, to reduce carbon emissions[64] - The company is planning to establish an energy management system to further enhance energy efficiency and prepare for ISO50001 certification[64] Corporate Governance and Compliance - The company's actual controllers and major shareholders have committed to avoiding any form of business that may compete with the company's core operations, ensuring no direct or indirect competition[68] - The company has pledged to minimize and fairly conduct any unavoidable related-party transactions, adhering to market-based pricing and strict disclosure protocols[68] - In the event of any false or misleading information in the prospectus, the company will compensate investors for direct economic losses, including stock losses and transaction costs[70] - The company will repurchase all newly issued shares at the offering price plus interest if regulatory authorities find significant misstatements in the prospectus[70] - Directors, supervisors, and senior management will personally compensate investors for losses if the prospectus contains false or misleading information[71] - Major shareholders, including the controlling shareholder, plan to hold their shares for at least 24 months after the lock-up period expires, with no immediate plans to sell[71] - The controlling shareholder and actual controllers have committed to not interfering with the company's management or encroaching on its interests[73] - The company's total related-party transactions for the first half of 2024 amounted to RMB 18.15 billion, with RMB 8.74 billion already executed[82] - Sales of goods to related parties reached RMB 2.1 billion, with RMB 1.2 billion coming from Mechatronic Systems GmbH[81] - Procurement of goods from related parties totaled RMB 8.2 billion, with RMB 7.5 billion sourced from Mechatronic Systems GmbH[81] - The company provided services worth RMB 7.05 billion to related parties, with RMB 2.7 billion going to KSK Automotive Components (Pinghu) Co., Ltd[82] - The company received services worth RMB 800 million from related parties, with RMB 500 million from Shanghai Oubao Property Management Co., Ltd[82] - The company's total guarantee balance at the end of the reporting period was RMB 17.13 billion[85] - The company provided a guarantee of 10,000,000 RMB for Zhejiang Keboda to Keboda Intelligent Technology, with a guarantee period starting from the project confirmation date and lasting for 2 years after project termination[86] - The company provided a guarantee of 7,128,300 RMB for Keboda Intelligent Technology to Texas Instruments, with a guarantee period from September 1, 2023, to August 31, 2025[86] - The total guarantee balance for subsidiaries at the end of the reporting period is 100,000,000 RMB[87] - The company provided a guarantee of 10,000,000 RMB for Zhejiang Keboda's credit business with Bank of China Jiaxing Branch, valid from April 1, 2023, to March 31, 2025[88] Accounting and Financial Policies - The company's accounting period runs from January 1 to December 31[139] - The company uses RMB as its functional currency[140] - Significant bad debt provision for receivables is set at 18 million RMB[140] - Significant recovery or reversal of bad debt provision for receivables is 1.8 million RMB[140] - Significant construction in progress is set at 18 million RMB[140] - Significant non-wholly owned subsidiaries are those contributing ≥10% of group revenue[140] - Significant joint ventures or associates are those with long-term equity investment book value ≥5% of group total assets[141] - The company uses a 12-month operating cycle as the standard for liquidity classification of assets and liabilities[139] - The company applies the

本公司董事会、全体董事及相关股东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。 证券代码：603786 证券简称：科博达 公告编号：2024-047 科博达技术股份有限公司 股东减持股份计划提前终止暨减持结果公告 重要内容提示： 股东持股的基本情况 1、本次减持计划实施前，上海富婕企业管理合伙企业（有限合伙）（以下简 称"上海富婕"）持有科博达技术股份有限公司（以下简称"公司"）股份 19,373,713 股，占公司总股本的 4.7967%。上海瀛日企业管理合伙企业（有限合伙）（以下简 称"上海瀛日"）持有公司股份 11,275,463 股，占公司总股本的 2.7916%。上海鼎 韬企业管理合伙企业（有限合伙）（以下简称"上海鼎韬"）持有公司股份 9,934,527 股，占公司总股本的 2.4596%。上海张江汉世纪股权投资合伙企业（有限合伙） （以下简称"张江汉世纪"）持有公司 3,263,455 股，占公司总股本的 0.8080 %。 2、上述股份均为公司首次公开发行前取得的股份，且已于 2022 年 10 月 17 日解除限售并上市流通。上述 ...

二、监事会会议审议情况 （一）审议通过了《关于 2024 年半年度报告及其摘要的议案》 证券代码：603786 证券简称：科博达 公告编号：2024-046 科博达技术股份有限公司 第三届监事会第九次会议决议公告 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个别及连带责任。 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"）第三届监事会第九次会议通知 于 2024 年 8 月 9 日以邮件方式发出，并于 2024 年 8 月 22 日下午 14:00 时以现 场会议结合通讯表决方式召开。会议应出席监事 3 名，实际出席监事 3 名（监事 吴弘先生以通讯方式参加了会议），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。 详见同日披露的《科博达技术股份有限公司 2024 年半年度报告》、《科博达 技术股份有限公司 2024 年半年度报告摘要》。 表决结果：3 票赞成；0 票反对；0 票弃权。 特此公告。 科博达技术股份有限公司监事会 2024 年 ...

证券代码：603786 证券简称：科博达 公告编号：2024-044 科博达技术股份有限公司 股权激励限制性股票回购注销实施公告 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个别及连带责任。 二、本次回购注销限制性股票的原因、数量及价格 1、限制性股票回购注销的原因 重要内容提示： ● 回购注销原因：科博达技术股份有限公司（以下简称"公司"）2022年限制 性股票激励计划中 3 名激励对象发生异动情形，已不再具备激励资格，根据《上 市公司股权激励管理办法》、公司《2022年限制性股票激励计划（草案）》（以 下简称"《激励计划（草案）》"）的相关规定，公司将上述激励对象已获授但尚 未解除限售的 9,800 股限制性股票进行回购注销。 ● 本次注销股份的有关情况： | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | | 9,800 | 9,800 | 2024 年 | 8 | 月 | 23 日 | 一、本次限制性股票回购注销的决策与信息披 ...

上海瀛东律师事务所 关于 科博达技术股份有限公司 2022 年限制性股票激励计划 所涉部分限制性股票回购并注销实施相关事项 之 法律意见书 上海瀛东律师事务所 www.yingdonglawfirm.com 中国上海市恒丰路 436 号环智国际大厦 26&29 层 200070 26&29F, Greentech Tower, No. 436, Hengfeng Road, Shanghai 200070, China 电话(Tel)：+86-21-2226 5678 传真(Fax)：+86-21-2226 5688 释 义 在本法律意见书内，除非文义另有所指，下列词语应具有下述含义： | "本所" | 指 | 上海瀛东律师事务所 | | --- | --- | --- | | "本所律师" | 指 | 本所为出具本法律意见书所指派的经办律师 | | "公司"或"科博达" | 指 | 科博达技术股份有限公司 | | "《股票激励计划》" | 指 | 《科博达技术股份有限公司 2022 年限制性 | | | | 股票激励计划》 | | "本次激励计划" | 指 | 公司根据《股票激励计划》实施的股票激励 | | ...

证券代码：603786 证券简称：科博达 公告编号：2024-043 科博达技术股份有限公司 关于为子公司提供担保的进展公告 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个别及连带责任。 重要内容提示： 被担保人名称：科博达（安徽）汽车电子有限公司（以下简称"科博达（安 徽）汽车电子"）、科博达（重庆）智控技术有限公司（以下简称"科博达 （重庆）智控"） 本次担保金额及已实际为其提供的担保余额：科博达技术股份有限公司 （以下简称"公司"）本次为科博达（安徽）汽车电子向中国工商银行股 份有限公司寿县支行（以下简称"工行寿县支行"）申请固定资产借款提 供担保，合计人民币 32,000 万元；公司本次为科博达（重庆）智控向招 商银行股份有限公司重庆分行（以下简称"招行重庆分行"）申请固定资 产借款提供担保，合计人民币 1,600 万元。 本次担保是否有反担保：无。 对外担保逾期的累计数量：无。 号：2024 年渝沙字第 1070501 号），就控股子公司科博达（重庆）智控向招行 重庆分行申请的 2,000 万元人民币固定资产借款的 80%部 ...

科博达技术股份有限公司 投资者调研报告 一、 投资者关系活动情况（2024 年 7 月） 1、特定对象调研 序号 日期 来访人单位 接待人员 1. 国投证券 2. 华福证券 3. 中信证券 4. 天风证券 董事会秘书裴振东 证券事务代表徐萍萍 1 2024.07.04 2 2024.07.05 1. 上汽颀臻 董事会秘书裴振东 证券事务代表徐萍萍 | --- | --- | |-------|--------------| | 1. | 嘉合基金 | | 2. | 财通证券 | | 3. | 天风证券 | | 4. | 西南证券 | | 5. | 国海证券 | | 6. | 磐厚动量 | | 7. | 甬兴证券 | | 8. | 中信保诚基金 | 董事会秘书裴振东 证券事务代表徐萍萍 3 2024.07.09 | --- | --- | |-------|--------------| | 1. | 山西证券 | | 2. | 国泰君安 | | 3. | 东北证券自营 | | 4. | 华泰证券自营 | | 5. | 道翼资本 | | 6. | 广发证券 | | 7. | 民生证券 | | 8. | 上海德汇 ...

今天我们给大家介绍一下柯博达的近况柯博达是我们一直长期深度跟踪的一家优秀的汽车电子的企业我们认为公司的投资逻辑在于在汽车电子电机架构不断地迭代演进的过程中始终会有很多的变化 那么公司呢作为从东控起家快速切入到汽车电子的一家优秀公司能够不断的依托它现有的优势客户实现了对很多新产品的把握那么由于我们汽车不管是这个计算的集中化 还是其他的智能化发展其实都有相当长的时间要走因此也是相信公司能够不断地在这段时间里去获得大量的新项目从而在整个产业链的演变过程中获得更好的附加值我们推测公司今明年的业绩分别在9个亿 和12个亿左右目前的对应25倍和19倍左右那么作为一家优秀的企业那么近期也考虑到股票的这个位置我们也是对公司继续的推荐那么最近大事也比较多我们今天也是速战速决给大家讲一下公司的这个主要逻辑和近期的变化 本来我们说其实与这个市场普遍的观点不同我们认为公司的主要逻辑在于能够通过它的这个优秀的汽车电子的能力去把握目前汽车电子电池架构中的变化而带来的一些 新项目那我们知道从早先的分布在汽车各地的ECU也就是说比如说公司原来做灯控的一个灯控一个ECU那么直到可能以后长期的最终形态就是一个中央处理器或者说一个中央控制器 这个 ...

科博达(60786.SH)系列点评一 经营业绩稳健 域控业务加速 2024 年 07 月 16 日 [Table_Author] 分析师:崔琰 执业证号:S0100523110002 邮箱:cuiyan@mszq.com ➢ 事件:公司披露 2024 半年度业绩预告:2024H1 预计实现收入 26.50~28.40 亿元,同比+35%~+45%;实现归母净利润 3.58~3.85 亿元,同比+30%~+40%。 ➢ 经营业绩稳健,新产品量产加快。2024H1 预计实现收入 26.50~28.40 亿 元,同比+35%~+45%;实现归母净利润 3.58~3.85 亿元,同比+30%~+40%。 其中 2024Q2 预计实现收入 12.33~14.23 亿元,同比+17.65%~+35.78%,环 比 -12.99%~+0.42% ; 实 现 归 母 净 利 润 1.39~1.66 亿 元 , 同 比 - 3.47%~+15.28%,环比-36.53%~-24.20%,收入及业绩变化为原因,我们认为 主要系:1)收入同比高增,主要受益于新产品量产节奏加快;2)业绩环比略有 压力,预计系公司主要客户国内大众 2 ...