Group 1 - The company Ningbo Gaofa announced the change of its subsidiary's registered address due to actual business needs [1] - The new registered address is located at 2588 Yongmao West Road, Jiangbei District, Ningbo City, Zhejiang Province [1] - The company has completed the industrial and commercial change registration and obtained a new business license [1]

证券代码： 603788 证券简称：宁波高发 公告编号： 2025-029 宁波高发汽车控制系统股份有限公司 关于全资子公司变更注册地址的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 宁波高发汽车控制系统股份有限公司（以下简称"公司"）全资子公司宁波 高发电子有限公司因实际经营需要变更了注册地址，于近日完成了工商变更登记 并领取了营业执照。具体情况如下： 一、基本信息 名称：宁波高发电子有限公司 法定代表人：钱高法 经营范围：一般项目：汽车零部件研发；软件开发；集成电路设计；汽车零 部件及配件制造；集成电路制造；电子元器件制造；汽车零配件批发；汽车零配 件零售；集成电路销售；电子产品销售（除依法须经批准的项目外，凭营业执照 依法自主开展经营活动）。 注册资本：贰亿元整 成立日期：2021 年 9 月 27 日 住所：浙江省宁波市江北区永茂西路 2588 号（变更后） 变更前住所：浙江省宁波市江北区康桥南路 535 号 7 幢 572 号 二、对公司的影响 公司全资子公司宁波高发电子有限公司变更注册地址，系其厂房主体建设完 成 ...

证券代码： 603788 证券简称：宁波高发 公告编号： 2025-030 宁波高发汽车控制系统股份有限公司 关于对外投资设立全资子公司的进展公告 统一社会信用代码：91460000MAER3AY4X9 类型：有限责任公司（自然人投资或控股的法人独资） 法定代表人：钱高法 经营范围：许可经营项目：技术进出口；货物进出口（许可经营项目凭许可 证件经营）一般经营项目：通用零部件制造；汽车零部件及配件制造；汽车零部 件再制造；机械零件、零部件加工；机械零件、零部件销售；汽车零部件研发； 以自有资金从事投资活动（经营范围中的一般经营项目依法自主开展经营活动， 通过国家企业信用信息公示系统（海南）向社会公示） 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 一、对外投资概述 宁波高发汽车控制系统股份有限公司（以下简称"公司"）为积极拓展国际 市场，推行"走出去"战略，根据行业发展趋势及公司业务中长期发展需要，拟 设立海南全资子公司并投资建设摩洛哥生产基地。具体内容详见公司于 2025 年 7 月 17 日在上海证券交易所网站披露的《关于拟设立 ...

Core Viewpoint - Ningbo Gaofa (603788) reported a solid performance in its 2025 mid-year financial results, with significant increases in revenue and net profit compared to the previous year, although some financial metrics showed mixed results [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 787 million yuan, a year-on-year increase of 7.83% [1]. - The net profit attributable to shareholders was 104 million yuan, up 11.93% year-on-year [1]. - In Q2 2025, total revenue was 400 million yuan, reflecting a 5.02% increase year-on-year, while net profit for the quarter was 57.66 million yuan, up 10.63% [1]. - Gross margin decreased to 22.73%, down 3.46% year-on-year, while net margin improved to 13.13%, an increase of 3.53% [1]. - Total expenses (selling, administrative, and financial) amounted to 32.12 million yuan, representing 4.08% of revenue, a 6.02% increase year-on-year [1]. - Earnings per share rose to 0.47 yuan, an increase of 11.90% year-on-year [1]. Balance Sheet Highlights - Accounts receivable increased to 374 million yuan, a 5.98% rise year-on-year, with accounts receivable to net profit ratio at 196.05% [1][6]. - Cash and cash equivalents decreased significantly by 50.97% to 230 million yuan due to reduced purchases of financial products and maturing deposits [1][2]. - Interest-bearing debt rose by 17.61% to 47.44 million yuan [1][2]. Cash Flow Analysis - Operating cash flow per share was -0.20 yuan, a significant decrease of 311.11% year-on-year, attributed to reduced sales collections and lower interest income [1][4]. - Investment cash flow saw a dramatic increase of 1610.97%, primarily due to reduced purchases of financial products and maturing deposits [4]. Business Model and Market Position - The company's return on invested capital (ROIC) was 8.72%, indicating average capital returns, with a historical median ROIC of 13.26% since its listing [5]. - The business model relies heavily on capital expenditures, necessitating careful monitoring of capital project viability and funding pressures [5]. Analyst Expectations - Analysts project the company's performance for 2025 to reach a net profit of 221 million yuan, with an average earnings per share estimate of 0.99 yuan [6].

宁波高发（603788.SH）：主销产品 份额持续提升，盈利能力稳定 近日，公司发布 2025 年半年度报告：2025 上半年，公司实现营收 78,680.32 万元，同比增长 7.83%；实现归母净利润 10,388.53 万元，同比增长 11.93%。 对此，我们点评如下： 主销产品份额持续提升，Q2 营收同比增速放缓。公司主要产品为档位操纵器 和踏板类产品（包括油门和刹车踏板）2025 年上半年分别销售 263 万套和 531 万套，国内市场份额分别为 19.4%和 39.3%。2024 年上半年电子换挡器和电 子油门踏板分别销售 142 万套和 352 万套。据公司 2025 半年报，公司两个主 销产品销量均创历史新高，市场份额进一步提升。受市场竞争加剧影响，营收 端增速低于销量增速，其中 2025Q2 公司营收增长仅为 5.02%。我们认为，公 司在两个产品上均已形成规模优势，随着年降压力放缓，市场竞争格局的肃清 （小规模、低运营质量的企业逐渐淘汰），公司营收增速有望提升。 oNLVVpkJBiMbANyMwNcs13Csm2xRND74XtFjRctwDxF4HaZd4MTtMRIUAoESrki ...

Group 1 - The core viewpoint of the article highlights Ningbo Gaofa's strong performance in the automotive parts sector, achieving revenue and profit growth while maintaining a high dividend payout to shareholders [1][3] - In the first half of 2025, Ningbo Gaofa reported operating revenue of 787 million yuan, a year-on-year increase of 7.83%, and a net profit attributable to shareholders of 104 million yuan, up 11.93% year-on-year [1] - The company has distributed a cash dividend of 7.00 yuan per 10 shares, totaling 156 million yuan, which accounts for 81.93% of the net profit attributable to shareholders for the fiscal year 2024 [1] Group 2 - The automotive industry in China saw significant growth in the first half of 2025, with production and sales reaching 15.62 million and 15.65 million vehicles, respectively, marking year-on-year increases of 12.5% and 11.4% [2] - New energy vehicles (NEVs) showed remarkable performance, with production and sales of 6.97 million units, both exceeding 40% year-on-year growth, and NEVs accounting for 44.3% of new car sales [2] - Chinese brand passenger vehicles achieved a record market share of 68.5%, with sales of 9.27 million units, reflecting a year-on-year growth of 25% [2] Group 3 - Ningbo Gaofa has implemented a "quality improvement and efficiency enhancement" action plan to adapt to the competitive landscape post-price war in the automotive industry [3] - The company has improved its production management system and introduced advanced testing equipment to ensure product quality, while also engaging in internal quality improvement activities [3] - Key products such as gear shifters and pedal products have seen strong sales, with 2.63 million gear shifters and 5.31 million pedal units sold, positioning the company among the top in the domestic industry [3] Group 4 - Ningbo Gaofa's competitive advantages in the automotive parts sector include a diverse customer base covering major automakers like Geely, BYD, and Volkswagen, as well as a focus on lean production and real-time quality control [4] - The company aims to deepen its core business in automotive control systems while increasing product development investment in the domestic market and expanding its international presence [4] - Future strategies include launching new production bases and products in line with long-term development plans and market demands to strengthen its competitive position in the automotive parts market [4]

2025年8月26日，宁波高发(603788.SH)发布2025年中报。 公司摊薄每股收益为0.47元，较去年同报告期摊薄每股收益增加0.05元，实现2年连续上涨，同比较去年 同期上涨11.90%。 公司最新总资产周转率为0.30次，较去年同期总资产周转率增加0.01次，实现5年连续上涨，同比较去年 同期上涨2.84%。最新存货周转率为3.17次，较去年同期存货周转率增加0.27次，实现3年连续上涨，同 比较去年同期上涨9.19%。 公司股东户数为1.96万户，前十大股东持股数量为1.37亿股，占总股本比例为61.31%。 公司营业总收入为7.87亿元，较去年同报告期营业总收入增加5713.50万元，实现5年连续上涨，同比较 去年同期上涨7.83%。归母净利润为1.04亿元，较去年同报告期归母净利润增加1107.57万元，实现2年 连续上涨，同比较去年同期上涨11.93%。经营活动现金净流入为-4481.13万元。 公司最新资产负债率为22.15%。 公司最新毛利率为22.73%，较上季度毛利率增加1.48个百分点。最新ROE为5.16%，较去年同期ROE增 加0.46个百分点。 ...

公募基金方面，本期较上一季度新披露的公募基金共计1个，即山证资管改革精选混合。 2025年8月26日，宁波高发(603788.SH)发布2025年半年度报告。截至2025年8月25日，共有5个机构投资 者披露持有宁波高发A股股份，合计持股量达9918.45万股，占宁波高发总股本的44.46%。其中，机构 投资者包括宁波高发控股有限公司、长城国融投资管理有限公司、浙江浙商创新资本管理有限公司-浙 江浙商转型升级母基金合伙企业(有限合伙)、长城(天津)股权投资基金管理有限责任公司-长城国泰-定增 1号契约型私募投资基金、山证资管改革精选混合，机构投资者合计持股比例达44.46%。相较于上一季 度，机构持股比例合计下跌了0.87个百分点。 ...

格隆汇8月25日丨宁波高发披露2025年半年报，上半年实现营业收入7.87亿元，同比增长7.83%；归母净 利润1.04亿元，同比增长11.93%；基本每股收益0.47元。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：603788 公司简称：宁波高发 第一节重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到上海证券交易所网站：http://www.sse.com.cn网站仔细阅读半年度报告全文。 1.2本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.3董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无。 第二节公司基本情况 2.1公司简介 ■ 2.2主要财务数据 单位：元币种：人民币 ■ 2.3前10名股东持股情况表 单位: 股 ■ 2.4截至报告期末的优先股股东总数、前10名优先股股东情况表 □适用 √不适用 2.5控股股东或实际控制人变更情况 □适用 √不适用 2.6在半年度报告批准报出日存续的债券情况 □适用 √不适用 第三节重要事项 公司应当根据重要性原则，说明报告期内公司经营情况的重大变化，以及报告期内发生的对公司经营情 况有重大影响和预计未来会有重大影响的事项 ...