Summary of Key Points Core Viewpoint - The shareholding reduction plan by Changcheng Guorong Investment Management Co., Ltd. has been completed, resulting in a decrease in its stake in Ningbo Gaofa Automotive Control System Co., Ltd. from 5.21% to 4.79% [1][2]. Group 1: Shareholding Information - Before the reduction, Changcheng Guorong held 11,260,700 shares, representing 5.21% of the total share capital [1]. - The associated party, Changcheng (Tianjin) Equity Investment Fund Management Co., Ltd., held 1,414,908 shares, accounting for 0.63% of the total share capital [1]. - After the reduction, Changcheng Guorong now holds 10,679,700 shares, which is 4.79% of the total share capital [2][3]. Group 2: Reduction Plan Details - The reduction plan was first disclosed on March 27, 2025, with a maximum intended reduction of 2,230,600 shares, or 1% of the total share capital [1][2]. - The actual reduction amounted to 940,300 shares, which is 0.42% of the total share capital [2][3]. - The reduction was executed through centralized bidding from April 22, 2025, to July 21, 2025, with a price range of 16.42 to 16.95 yuan per share, totaling 15,874,275 yuan [2][3].

股东及其一致行动人持股的基本情况：本次减持计划实施前，长城国融 投资管理有限公司持有宁波高发 11,260,700 股，占公司总股本的 5.21%。其一 致行动人长城（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 约型私募投资基金持有宁波高发 1,414,908 股，占公司总股本的 0.63%。 证券代码：603788 证券简称：宁波高发 公告编号：2025-026 宁波高发汽车控制系统股份有限公司 5%以上股东及其一致行动人减持股份结果公告 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： 本次减持计划：2025 年 3 月 27 日，公司披露了《5%以上股东及其一致 行动人减持股份计划公告》（公告编号：2025-007），长城国融投资管理有限公 司为回笼资金需要拟通过集中竞价方式进行减持，合计减持公司股份不超过总股 本的 1%（2,230,600 股）。 本次减持计划的实施结果情况：2025 年 7 月 21 日，公司收到长城国融 投资管理有限公司出具的《关于宁波高发股份减持计划实施 ...

Group 1 - Datang Power achieved a total on-grid electricity of approximately 123.99 billion kWh for the first half of 2025, a year-on-year increase of 1.30%, with wind and solar power generation increasing by 31.27% and 36.35% respectively [1] - North Self Technology signed an equipment procurement contract with a total amount of 164 million yuan [1] - Jinchuan Co. reported a net profit of 1.38 billion yuan for the first half of 2025, a year-on-year decrease of 8.45%, with operating revenue of 6.96 billion yuan, an increase of 5.55% [1][2] Group 2 - Microchip Biotech expects a revenue of 407 million yuan for the first half of 2025, a year-on-year increase of 35%, and a net profit of approximately 30.06 million yuan, a year-on-year increase of 173% [3] - Zongheng Co. anticipates a revenue of 135 million yuan for the first half of 2025, a year-on-year increase of 61.72%, with a net loss of 34.68 million yuan, reducing losses by 18.34 million yuan compared to the previous year [5] - Tuojing Technology expects a revenue of 1.21 billion to 1.26 billion yuan for the second quarter of 2025, a year-on-year increase of 52% to 58%, with a net profit of 238 million to 247 million yuan, a year-on-year increase of 101% to 108% [7] Group 3 - Star Power reported a net profit of 73.42 million yuan for the first half of 2025, a year-on-year decrease of 13.44%, with total revenue of 1.52 billion yuan, an increase of 13.70% [8] - Xiamen Tungsten reported a net profit of 972 million yuan for the first half of 2025, a year-on-year decrease of 4.41%, with operating revenue of 19.18 billion yuan, an increase of 11.75% [9] - Yikang Pharmaceutical's subsidiary received approval for clinical trials of YKYY029 injection for hypertension [11] Group 4 - Mould Technology received a project designation for luxury car exterior parts, with an expected total sales of 2.044 billion yuan over a five-year lifecycle [13] - Jinzhik Technology won multiple projects from the State Grid and Southern Power Grid, with a total bid amount of 133 million yuan [14] - Changjiang Media plans to use up to 700 million yuan of idle funds to purchase financial products [16] Group 5 - Ningbo Gaofa plans to invest up to 20 million USD to establish a production base in Morocco [20] - Xuantai Pharmaceutical's subsidiary received EU GMP certification for solid dosage production lines [22] - Changhua Group received a project designation for key metal structural components from a domestic new energy vehicle company, with an expected total sales of 235 million yuan over a four-year lifecycle [23]

证券代码：603788 证券简称：宁波高发 公告编号：2025-025 宁波高发汽车控制系统股份有限公司 关于拟设立全资子公司并投资境外建设生产基地的公告 投资项目名称：拟设立海南全资子公司或公司直接通过新加坡公司投资境外建 设生产基地 拟投资金额和比例：投资总额不超过 2,000 万美元，全部由公司以自有资金出 资，持股比例 100%。 本事项属于董事会权限范围内，无需提交股东大会审议批准。 本投资项目可能面临宏观经济、行业政策、市场变化、经营管理、境外法律环 境等方面的不确定因素，投资收益存在不确定性。敬请广大投资者理性投资， 注意投资风险。 资金额以相关主管部门批准金额为准。子/境外孙公司设立后，公司将根据市场需求和业 务进展等具体情况分阶段实施，并视情况适时调整投资额度、投资方式，并履行相应的 审议程序及信息披露义务。 根据《上海证券交易所股票上市规则》、《公司章程》的相关规定，本次对外投资 事项属于董事会审批权限范围内，无需提交股东大会批准。本次对外投资事项不构成关 联交易，也不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 二、投资标的基本情况： 公司拟设立海南全资子公司或公司直接通过新 ...

Summary of Conference Call Industry Overview - The conference primarily focused on the autonomous driving and automotive industry, discussing recent trends and competitive dynamics within the sector [1][2]. Key Insights - **Price Competition**: The industry is experiencing a new wave of price competition driven by technological advancements and promotional activities from major players like Changan and Geely. This includes significant discounts and promotional events aimed at boosting sales [1][2]. - **Market Dynamics**: The competition is attributed to a mature supply chain and strong product competitiveness, leading companies to vie for market share to ensure long-term survival and growth [2]. - **Sales Impact**: There is a concern regarding the impact of price competition on component manufacturers, as the overall automotive sector and supply chain are currently in a relatively subdued state [3]. - **Differentiation Strategy**: Companies are encouraged to focus on differentiating their customer base and product offerings to avoid endless price wars. Key factors include brand building, vehicle design, and technological capabilities [4]. Component Industry Insights - **Opportunities in Component Supply**: The increasing penetration of advanced driver-assistance systems (ADAS) presents opportunities for component suppliers. The demand for mid-range and high-end ADAS features is expected to grow rapidly [5][6]. - **User Acceptance**: Consumer acceptance of advanced features, even in lower-priced models, indicates a trend towards higher adoption of sophisticated technologies [7]. - **Technological Advancements**: The industry is witnessing rapid advancements in algorithms and hardware, particularly in chip technology, which is crucial for enhancing the performance of autonomous driving systems [9][10]. Future Trends - **High-Level Autonomous Driving**: The industry is moving towards higher levels of automation (L3), with significant improvements expected in user experience and system capabilities by mid to late 2023 [8][9]. - **Robotics and Commercial Applications**: The focus on robotics, particularly in commercial vehicles, is gaining traction, with companies exploring autonomous solutions in logistics and mining sectors [16][17]. - **Regulatory Changes**: Upcoming regulations mandating advanced safety features in commercial vehicles are anticipated to drive growth in the sector [34]. Company-Specific Insights - **Growth Strategies**: Companies are expanding their customer base and product lines, with notable growth in areas such as electric vehicle components and advanced braking systems [31][32]. - **Market Positioning**: Companies like YN Technology are positioned to benefit from new regulations and increasing demand for advanced safety features in commercial vehicles [34]. - **Product Development**: Continuous innovation in product offerings, such as lightweight components and integrated systems, is crucial for maintaining competitive advantage [39][40]. Conclusion - The autonomous driving and automotive industry is at a pivotal moment, characterized by intense competition, rapid technological advancements, and evolving consumer preferences. Companies that focus on differentiation, innovation, and strategic partnerships are likely to thrive in this dynamic environment [19][20].

Core Viewpoint - The company plans to utilize idle self-owned funds not exceeding RMB 500 million for structured deposits and financial products to enhance capital efficiency and generate greater economic benefits while ensuring normal operational liquidity [1][2][16]. Summary by Sections 1. Purpose of the Investment - The objective of the investment is to improve the efficiency of idle funds and increase returns without affecting the company's normal operations [2][15]. 2. Financial Details - The total amount for the entrusted financial products is RMB 200 million, with specific products including structured deposits from Shanghai Pudong Development Bank and China Merchants Bank [2][15]. - The expected annualized returns for the structured deposits range from 0.70% to 2.20% depending on the product [1][5]. 3. Product Information - The structured deposit products include: - Shanghai Pudong Development Bank's "利多多公司稳利 25JG3185" (1-month) and "利多多公司稳利 25JG3260" (3-month) [2][4]. - China Merchants Bank's "点金系列看涨两层区间" (92-day and 93-day) [9][10]. - The products are primarily linked to foreign exchange rates and gold prices, with floating returns based on market performance [5][10]. 4. Risk Management - The company has established internal controls to manage risks associated with the entrusted financial products, focusing on short-term, low to medium-risk investments [4][15]. - The financial department will monitor the investment performance and take necessary actions if risks are identified [4][15]. 5. Impact on the Company - The use of idle funds for financial products is expected to enhance the efficiency and returns of the company's capital without significantly impacting its main business operations or financial health [15][16]. - Key financial metrics include total assets of RMB 265.83 million and total liabilities of RMB 59.23 million, indicating a stable financial position [15].

证券代码：603788 证券简称：宁波高发 公告编号：2025-024 宁波高发汽车控制系统股份有限公司 关于使用闲置自有资金委托理财的进展公告 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： 一、本次委托理财概况 （一）委托理财的目的 为提高资金使用效率，合理利用资金，创造更大的经济效益，公司拟对最高 额度不超过人民币 50,000 万元的闲置自有资金用于进行结构性存款及购买银行、 证券公司或信托公司等金融机构理财产品。在保证公司正常经营所需流动资金的 委托理财受托方：上海浦东发展银行股份有限公司、招商银行股份有限 公司 本次委托理财金额：共计人民币 20,000 万元 委托理财产品名称：浦发银行利多多公司稳利 25JG3185 期（1 个月早 鸟款）人民币对公结构性存款、浦发银行利多多公司稳利 25JG3260 期 （3 个月早鸟款）人民币对公结构性存款、招商银行点金系列看涨两层 区间 92 天结构性存款（产品代码：NNB01724）、招商银行点金系列看 涨两层区间 93 天结构性存款（产品代码：NN ...

证券代码： 603788 证券简称：宁波高发 公告编号： 2025-023 宁波高发汽车控制系统股份有限公司 关于全资子公司完成工商登记并取得营业执照的公告 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"）于 2025 年 5 月 13 日召开了第五届董事会第十四次会议，审议通过了《关于向全资子公司增资 的议案》。公司拟以自有资金向高发新能源增资 6,000 万元，其中 2,400 万元以 债转股方式增资，主要用于高发新能源厂房建设投入及补充流动资金。本次增资 完成后，高发新能源仍为公司的全资子公司，其注册资本由 6,000 万元增至 12,000 万元。详情请参见公司于 2025 年 5 月 14 日在上海证券交易所网站披露 的《关于向全资子公司增资的公告》（公告编号：2025-020）。 公司于近日完成了工商登记手续，并取得了宁波市江北区市场监督管理局颁 发的《营业执照》。相关登记信息如下： 特此公告。 宁波高发汽车控制系统股份有限公司董事会 类型：有限责任公司（自然人投资或控 ...

Core Viewpoint - The company has announced a profit distribution plan for the fiscal year 2024, which was approved at the annual shareholders' meeting on May 12, 2025 [1]. Distribution Plan - The total share capital before the distribution is 223,065,068 shares, with a cash dividend of 0.7 yuan per share (including tax), totaling 156,145,547.60 yuan [2]. - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [1][2]. Implementation Method - Cash dividends for unrestricted circulating shares will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, Shanghai Branch [3]. - Shareholders who have not completed designated transactions will have their dividends held by the company until the transactions are completed [3]. - Certain shareholders, including Ningbo Gaofa Holding Co., Ltd. and others, will receive cash dividends directly from the company [3]. Tax Deduction Information - For individual shareholders and securities investment funds, the tax burden varies based on the holding period, with a maximum tax rate of 20% for holdings of one month or less [5]. - Qualified Foreign Institutional Investors (QFIIs) will have a 10% tax rate applied, resulting in a net cash dividend of 0.63 yuan per share [6]. - For Hong Kong investors, the same 10% tax rate applies, with a net cash dividend of 0.63 yuan per share [6]. - Other resident corporate shareholders will not have tax withheld by the company, and they are responsible for their own tax declarations [6]. Contact Information - For inquiries, the company can be contacted at the Ningbo Gaofa Automotive Control Systems Co., Ltd. Board Office, with a phone number of 0574 - 88169136 [7].

证券代码：603788 证券简称：宁波高发 公告编号：2025-022 宁波高发汽车控制系统股份有限公司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0.7元(含税) 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 | 2025/6/18 | － | 2025/6/19 | 2025/6/19 | 本次利润分配方案经公司2025年 5月 12 日的2024年年度股东大会审议通过。 二、 分配方案 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223,065,068股为基数，每股派发现 金红利0.7元（含税），共计派发现金红利156,145,547.60元。 三、 相关日期 | ...