科博达技术股份有限公司 关于 2025 年第三季度业绩说明会召开情况的公告 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。 科博达技术股份有限公司（以下简称"公司"） 2025 年第三季度业绩说明会 于 2025 年 12 月 5 日 15:00-16:00，在上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/）以网络互动的方式召开，就投资者关注的问题在信 息披露允许的范围内进行了交流。现将有关事项公告如下： 一、本次说明会召开情况 公司于 2025 年 11 月 28 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 2025 年第三季度业绩说明会 的预告公告》（公告编号：2025-081）。 2025 年 12 月 5 日，公司董事长兼总裁柯桂华先生、董事会秘书赵泽元先生、 财务负责人朱迎春女士、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。 证券代码：603786 证 ...

Group 1: Core Insights - The report emphasizes the importance of focusing on high-end and export opportunities in the automotive sector, particularly for domestic brands like BYD, Geely, Great Wall, and Leap Motor [1][2] - The automotive industry is expected to see a stable growth in 2026, with wholesale and retail sales projected to increase by 3% and decrease by 1% respectively, indicating a flat overall market [2][18] - The report highlights the significant growth potential in the European electric vehicle market, forecasting a 35% year-on-year increase in sales to reach 3.65 million units in 2026, driven by carbon emission regulations and high-quality new vehicle supply [2][18] Group 2: Passenger Vehicles - Domestic brands have increased their market share from 60% to 66% in the first ten months of 2025, with mid-to-low-end segments experiencing the fastest growth [26][28] - The report identifies key models in the five/six-seat SUV market, including Xiaomi's YU9, NIO's ES7, and others, as significant contributors to the high-end market push [2][18] - The report anticipates intensified competition among domestic car manufacturers, particularly in the high-end segment, as they aim to capture a larger share of the market [2][18] Group 3: Auto Parts - The auto parts sector is focusing on globalization and new technological avenues, with an emphasis on opportunities in Europe and advancements in AI and robotics [3][4] - The report suggests that the auto parts industry will benefit from structural opportunities as traditional international giants undergo transformation [3][4] - Key companies recommended for investment in the auto parts sector include Minth Group, Xingyu, and others, which are expected to leverage their technological advantages for growth [3][4] Group 4: Intelligent Driving - The report predicts that by 2026, high-speed NOA (Navigation on Autopilot) will become a standard feature priced between 100,000 to 150,000 yuan, with penetration rates expected to reach 43% for high-speed NOA and 24% for urban NOA [4][5] - The acceleration of L4 commercial deployment is anticipated, with many scenarios expected to complete technical validation by 2025, leading to a rapid commercialization phase in 2026 [4][5] - Recommended companies in the intelligent driving space include Horizon Robotics, Black Sesame, and others, which are positioned to benefit from the growing demand for AI applications in vehicles [4][5] Group 5: Robotics - The robotics sector is expected to experience significant growth in 2026, driven by advancements in technology and production capabilities, particularly with Tesla's V3 technology [5][6] - The report highlights the importance of domestic companies in the robotics field, which are likely to see valuation increases as they innovate and expand their production capabilities [5][6] - Key players in the robotics sector recommended for investment include Xpeng and others, which are expected to benefit from the evolving landscape of robotics technology [5][6]

Group 1 - A total of 433 companies were investigated by institutions in the past 10 days, with 381 being securities firms and 302 being fund companies [1] - 88 listed companies were researched by overseas institutions, with 8 companies receiving attention from more than 20 overseas institutions, including Huichuan Technology, which was investigated by 68 overseas institutions [1] - Lixun Precision was the second most researched company, with 48 overseas institutions participating in the investigation, indicating significant growth potential in the non-overseas consumer electronics market over the next decade [1] Group 2 - Stocks that were investigated by overseas institutions saw an average increase of 0.36% in the past 10 days, with Shenghui Integration experiencing the highest increase of 32.47% [3] - 13 stocks received ratings from at least 15 institutions, with a consensus forecast of over 20% profit growth in 2025, including Kaiying Network, Lixun Precision, and Huichuan Technology [3] - Jinli Permanent Magnet is predicted to have the highest profit growth, with 18 institutions forecasting a net profit increase of 152.52% in 2025 [3][4]

证券代码：603786 证券简称：科博达 公告编号：2025-083 科博达技术股份有限公司 高级管理人员集中竞价减持股份计划公告 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。 重要内容提示： ● 高级管理人员持股的基本情况 截至本公告披露日，科博达技术股份有限公司（以下简称"公司"）高级管理人员王丽女士、范建华先生 分别直接持有公司股份45,800股、45,000股，分别占公司股份总数的0.01134%、0.01114%。 近日，公司分别收到王丽女士、范建华先生发来的《关于科博达技术股份有限公司股东减持计划告知 函》，现将有关情况公告如下： 一、减持主体的基本情况 ■ 上述减持主体无一致行动人。 二、减持计划的主要内容 ■ 预披露期间，若公司股票发生停牌情形的，实际开始减持的时间根据停牌时间相应顺延。 (一)相关股东是否有其他安排 □是 √否 王丽女士及范建华先生所持股份全部来源于公司股权激励计划。 ● 减持计划的主要内容 王丽女士、范建华先生因个人资金需求，计划自本公告之日起15个交易日后的3个月内通过集中竞价 ...

重要内容提示： 高级管理人员持股的基本情况 截至本公告披露日，科博达技术股份有限公司（以下简称"公司"）高级管理 人员王丽女士、范建华先生分别直接持有公司股份 45,800 股、45,000 股，分别 占公司股份总数的 0.01134%、0.01114%。 证券代码：603786 证券简称：科博达 公告编号：2025-083 科博达技术股份有限公司 高级管理人员集中竞价减持股份计划公告 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。 王丽女士及范建华先生所持股份全部来源于公司股权激励计划。 减持计划的主要内容 王丽女士、范建华先生因个人资金需求，计划自本公告之日起 15 个交易日 后的 3 个月内通过集中竞价方式减持（窗口期等不得减持期间不得减持）分别不 超过 11,400 股、11,200 股。减持价格将根据减持时的市场价格确定，并遵守窗 口期相关规定。 近日，公司分别收到王丽女士、范建华先生发来的《关于科博达技术股份有 限公司股东减持计划告知函》，现将有关情况公告如下： | 股东名称 | 王丽 | | | | - ...

格隆汇12月3日丨科博达(603786.SH)公布，王丽女士、范建华先生因个人资金需求，计划自本公告之日 起15个交易日后的3个月内通过集中竞价方式减持（窗口期等不得减持期间不得减持）分别不超过 11,400股、11,200股。减持价格将根据减持时的市场价格确定，并遵守窗口期相关规定。 ...

科博达公告，公司高级管理人员王丽、范建华因个人资金需求，计划自公告之日起15个交易日后的3个 月内，通过集中竞价方式分别减持不超过11400股和11200股，分别占公司总股本的0.00282%和 0.00277%。减持价格将根据减持时的市场价格确定，且遵守窗口期相关规定。 ...

Group 1 - The core viewpoint of the news is that Kobotda's stock has experienced fluctuations, with a recent decline in price and mixed trading activity, while the company shows growth in revenue and profit year-on-year [1][2]. - As of December 2, Kobotda's stock price was 72.02 CNY per share, with a market capitalization of 29.086 billion CNY. The stock has increased by 17.78% year-to-date but has seen a decline of 1.83% in the last five trading days [1]. - Kobotda's main business involves the research, production, and sales of automotive electronic products, with automotive parts accounting for 96.77% of its revenue [1][2]. Group 2 - For the period from January to September 2025, Kobotda achieved operating revenue of 4.997 billion CNY, representing a year-on-year growth of 16.96%, and a net profit attributable to shareholders of 646 million CNY, up 6.55% year-on-year [2]. - Kobotda has distributed a total of 1.251 billion CNY in dividends since its A-share listing, with 707 million CNY distributed over the past three years [3]. - As of September 30, 2025, Kobotda had 13,300 shareholders, an increase of 17.18% from the previous period, with an average of 30,431 circulating shares per shareholder, a decrease of 14.35% [2][3].

Core Insights - The report from China Galaxy Securities highlights that by 2026, the Robotaxi sector is expected to reach a commercialization turning point driven by policy support, technological advancements, and cost reductions [1][3] - The automotive industry in China is projected to experience stable volume and gradual price increases in 2025, with a dual drive from exports and new energy vehicles [1][2] Group 1: 2025 Overview - In 2025, the Chinese automotive industry is expected to achieve a pattern of "stable volume and gradual price increase," supported by the effective recovery of domestic demand due to vehicle replacement policies [1] - Both wholesale and retail sales are anticipated to grow year-on-year, with an increasing penetration rate of new energy vehicles [1] - The industry is facing continued price wars, leading to further pressure on profitability, with revenue growth outpacing profit growth [1] Group 2: 2026 Outlook - The exemption of the new energy vehicle purchase tax is expected to continue until the end of 2025, with a reduction to half in 2026-2027, potentially impacting sales significantly, especially for vehicles priced below 300,000 yuan [2] - Major automakers like Hongmeng Zhixing, Leap Motor, Geely, and JAC are entering a period of intensive new product launches, which may enhance their sales and market share [2] - The mainstream automakers' pure electric platforms are expected to be validated by 2025, with new models being launched at scale in 2026 [2] - The rollout of L3-level intelligent driving technology is imminent, becoming a key driver for new model launches in 2026 [2] Group 3: Emerging Business Opportunities - The Robotaxi sector is benefiting from policy support, technological progress, and cost reductions, leading to a commercial breakthrough, with major manufacturers and tech giants expanding their operations [3] - Low-speed unmanned logistics vehicles and mining trucks are moving towards scale due to policy support and economic advantages [3] - The integration of the intelligent automotive supply chain with the robotics industry is creating multiple advantages, including technological migration and resource consolidation [3] Group 4: Investment Recommendations - The report recommends focusing on leading passenger vehicle manufacturers, the intelligent industry chain, and humanoid robotics industry, highlighting companies like Geely and Great Wall Motors as key players [3] - Beneficiary stocks include JAC Motors and Leap Motor in the passenger vehicle sector, and companies like SUTENG and Desay SV in the intelligent sector [3] - In the humanoid robotics sector, companies such as Top Group and Aikodi are identified as beneficiaries [3]

证券代码：603786 证券简称：科博达 公告编号：2025-081 科博达技术股份有限公司 关于召开 2025 年第三季度业绩说明会的预告公告 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： 投资者可于 2025 年 11 月 28 日 （星期五） 至 12 月 4 日 （星期四）前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 keboda@keboda.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 公司董事长兼总裁柯桂华先生、董事会秘书赵泽元先生、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。如遇特殊情况，参会人员 将可能进行调整。 科博达技术股份有限公司（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深入地了解公司 2025 年第 三季度经营成果、财务状况，公司计划于 2025 年 12 月 5 日（星期五）1 ...