Core Viewpoint - The Chengfei concept stock has shown a significant increase, ranking fourth in the concept sector with a rise of 3.82% as of the market close on June 30, 2023 [1][2]. Group 1: Market Performance - Within the Chengfei concept sector, 40 stocks experienced an increase, with Chengfei Integration, Lijun Shares, and *ST Lihang hitting the daily limit up [1]. - Notable gainers include Qifeng Precision (up 17.25%), Huawu Shares (up 9.40%), and AVIC Chengfei (up 6.98%) [1]. - The sector's performance is contrasted by declines in ST Tiexin and Quanxin Shares, which fell by 1.13% and 0.25%, respectively [1]. Group 2: Capital Flow - The Chengfei concept sector attracted a net inflow of 1.019 billion yuan, with 23 stocks receiving net inflows, and 9 stocks exceeding 10 million yuan in net inflow [2]. - Chengfei Integration led the net inflow with 725.36 million yuan, followed by Lijun Shares (311.99 million yuan) and Haoneng Shares (45.32 million yuan) [2]. - The net inflow ratios for Lijun Shares, Chengfei Integration, and *ST Lihang were 57.78%, 31.83%, and 16.69%, respectively [3]. Group 3: Stock Performance Metrics - Chengfei Integration recorded a daily increase of 10.00% with a turnover rate of 16.57% and a net capital flow of 725.36 million yuan [3]. - Lijun Shares also saw a significant rise of 9.97% with a turnover rate of 8.08% and a net capital flow of 311.99 million yuan [3]. - Other notable performers include Huawu Shares (up 9.40%, turnover rate 24.90%) and Chuanhuan Technology (up 3.32%, turnover rate 11.24%) [4].

Investment Rating - The report maintains a positive outlook on the automotive sector, suggesting stock selection to emphasize alpha over beta, with a focus on distinct individual stock characteristics [2]. Core Insights - The automotive sector experienced a slight decline in investment sentiment, with expectations for a rebound in demand towards the end of June due to increased marketing efforts. The industry is anticipated to enter a seasonal lull in July and August, followed by a surge in new product launches and seasonal sales towards the end of the year [2]. - The report highlights the importance of monitoring the impact of policies such as trade-in programs and changes in new energy vehicle purchase taxes on the industry [2]. Data Tracking - In April, wholesale passenger car sales reached 2.22 million units, a year-on-year increase of 11% but a month-on-month decrease of 10%. Retail sales for the same month were 1.59 million units, up 6% year-on-year but down 14% month-on-month [4]. - New energy vehicle deliveries from leading companies showed significant growth in May, with BYD delivering 380,000 units (up 15% year-on-year), and Li Auto and Xpeng also reporting substantial increases [4][19]. - The average discount rate in early June rose to 10.6%, reflecting a 0.4 percentage point increase from the previous period and a 2.9 percentage point increase year-on-year [4]. Market Performance - The automotive sector index fell by 2.57% this week, ranking 23rd out of 29 sectors. The overall market indices also showed declines, with the Shanghai Composite Index down 0.51% [7][28]. - The report notes that the automotive sector's price-to-earnings (PE) ratio stands at 31, indicating a relatively high valuation compared to historical averages [28][34].

Key Points - Chengdu Haoneng Technology Co., Ltd. issued convertible bonds totaling RMB 550 million, with a net amount of RMB 542.39 million after deducting issuance costs [1][5][6] - The bonds, named "Haoneng 24 Convertible Bonds," will be traded on the Shanghai Stock Exchange starting November 20, 2024 [1][4] - The initial conversion price is set at RMB 8.43 per share, which has been adjusted to RMB 6.33 per share due to a profit distribution plan [4][6] - The company reported a revenue of RMB 2.36 billion in 2024, a year-on-year increase of 21.29%, and a net profit of RMB 321.84 million, up 76.87% [3][5] - The company’s credit rating is AA- with a stable outlook, as assessed by Zhongzheng Pengyuan Credit Rating Co., Ltd. [4][6] - The funds raised will be used for projects including the construction of a key component production base for new energy vehicles, with a total investment of RMB 710.38 million [3][5] - The company has seen significant growth in its new energy vehicle segment, with revenue from this sector increasing by 63.52% [3][5]

公司代码：603809 公司简称：豪能股份 转债代码：113690 转债简称：豪24转债 成都豪能科技股份有限公司 Chengdu Haoneng Technology Co., Ltd. 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 二零二五年六月 成都豪能科技股份有限公司向不特定对象发行可转换公司债券项目 受托管理事务报告（2024 年度） 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"） 《成都豪能科技股份有限公司可转换公司债券受托管理协议》（以下简称"《受 托管理协议》"）《成都豪能科技股份有限公司 2023 年向不特定对象发行可转 换公司债券募集说明书》（以下简称"《募集说明书》"）《成都豪能科技股份 有限公司 2024 年年度报告》等相关公开信息披露文件、第三方中介机构出具的 专业意见等，由本期债券受托管理人招商证券股份有限公司（以下简称"招商证 券"）编制。招商证券对本报告中所包含的从上述文件中引述内容和信息未进行 独立验证，也不就该等引述内容和信息的真实性、准确性和完整性做出任何保证 或承担任何责任。 本报告不构成对投资者进行或不进行某项行 ...

| 证券代码：603809 | 证券简称：豪能股份 | | 公告编号：2025-036 | | --- | --- | --- | --- | | 转债代码：113690 | 转债简称：豪 24 | 转债 | | 成都豪能科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理 到期赎回并继续进行现金管理的进展公告 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法律责任。 重要内容提示： ● 风险提示：公司购买的现金管理产品经过严格的评估且属于安全性高、 流动性好、有保本约定的投资产品，整体风险可控。但投资的收益率水平受到宏 观经济及金融市场波动、货币政策调整等因素的影响，存在一定的不确定性。 一、前次使用部分暂时闲置募集资金进行现金管理到期赎回情况 公司子公司泸州长江机械有限公司（以下简称"长江机械"）于 2025 年 5 月 6 日使用部分暂时闲置募集资金 12,000 万元在兴业银行股份有限公司成都分 行（以下简称"兴业银行"）购买了"兴业银行企业金融人民币结构性存款产品"， 具体内容详见 2025 年 5 月 8 日刊载于上海 ...

公司、泸州长江机械有限公司、泸州豪能传动技术有限公司分别与中国进出口 银行四川省分行签订了《机器设备最高额抵押合同》具体内容如下： 公司评估净值为 248,801,289.42 元的机器设备；泸州豪能传动技术有限公司评估净值 为 122,658,644.01 元的机器设备。 证券代码：603809 证券简称：豪能股份 公告编号：2025-035 转债代码：113690 转债简称：豪 24 转债 成都豪能科技股份有限公司 关于 2025 年度向银行申请授信额度的进展公告 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法律责任。 届董事会第十一次会议，审议通过了《关于 2025 年度向银行申请授信额度的议案》， 并经 2025 年 4 月 11 日召开的 2024 年年度股东大会批准，同意公司及子公司向银行 申请总额不超过人民币 420,000.00 万元的授信额度（在不超过总授信额度范围内， 最终以各银行实际审批的授信额度为准）。本次向银行申请授信额度授权期限为公司 额度仅由公司及子公司使用，授信期限内，授信额度可循环使用。具体内容请详见 ...

| 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2025-035 | | --- | --- | --- | | 转债代码：113690 | 转债简称：豪 转债 24 | | 成都豪能科技股份有限公司 关于 2025 年度向银行申请授信额度的进展公告 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法律责任。 2025 年 3 月 21 日，成都豪能科技股份有限公司（以下简称"公司"）召开第六 届董事会第十一次会议，审议通过了《关于 2025 年度向银行申请授信额度的议案》， 并经 2025 年 4 月 11 日召开的 2024 年年度股东大会批准，同意公司及子公司向银行 申请总额不超过人民币 420,000.00 万元的授信额度（在不超过总授信额度范围内， 最终以各银行实际审批的授信额度为准）。本次向银行申请授信额度授权期限为公司 2024 年年度股东大会审议通过之日起至 2025 年年度股东大会召开之日止。上述授信 额度仅由公司及子公司使用，授信期限内，授信额度可循环使用。具体内容请详见 2025 年 3 月 22 ...

Core Viewpoint - The company maintains a stable credit rating outlook due to its strong market position in the automotive parts industry and anticipated growth in its new energy vehicle components segment, despite facing challenges from market fluctuations and pricing pressures [2][4][5]. Financial Performance - The company's total assets increased to 64.45 billion, up from 62.22 billion, with equity rising to 31.30 billion from 30.24 billion [2][3]. - Net profit for the company was reported at 3.21 billion, reflecting a growth from previous periods [3]. - The operating cash flow showed a significant improvement, with a net cash flow of 6.11 billion compared to -1.19 billion in the previous year [3]. Business Segments - The automotive parts segment, particularly the synchronizer business, is the main revenue driver, with a market share increase and stable customer relationships with major clients like Magna and Volkswagen [2][15]. - The new energy vehicle components segment is expected to see substantial growth, with a projected revenue increase of 72.80% in 2024 due to the ramp-up of differential assembly production [4][16]. - The aerospace components segment also showed a positive trend, with revenue expected to rise to 2.83 billion, marking a 27.71% increase [4]. Market Environment - The automotive industry in China is projected to continue its growth trajectory, with new energy vehicles achieving sales of 1,286.6 million units in 2024, a 35.5% increase year-on-year [10][11]. - The competitive landscape remains challenging, with price wars among manufacturers leading to pressure on profit margins for parts suppliers [11][12]. Risks and Challenges - The company faces potential capacity digestion issues in its synchronizer products and new energy segments due to market volatility and customer pricing pressures [4][5]. - High dependency on a few key clients in the aerospace segment poses operational risks, particularly regarding cash flow and working capital [4][5]. - The company has a significant amount of restricted assets, amounting to 19.81 billion, which could pose risks if operational performance does not meet expectations [5]. Future Outlook - The company is expected to benefit from the ongoing transition to new energy vehicles, with plans to enhance production capabilities in this area [4][16]. - The credit rating agency maintains a stable outlook for the company, anticipating continued revenue growth driven by both traditional and new energy vehicle segments [5][6].

根据《上市公司证券发行注册管理办法》《公司债券发行与交易管理办法》 《上海证券交易所公司债券上市规则》等有关规定，成都豪能科技股份有限公司 （以下简称"公司"）委托信用评级机构中证鹏元资信评估股份有限公司（以下 简称"中证鹏元"）对公司 2024 年发行的可转换公司债券（债券简称"豪 24 转债"）进行了跟踪信用评级。 公司前次主体信用评级结果为 AA-，评级展望为稳定，"豪 24 转债"前次 评级结果为 AA-。评级机构为中证鹏元，评级时间为 2024 年 7 月 18 日。 中证鹏元在对公司经营状况及行业情况进行综合分析与评估的基础上，于 2025 年 6 月 13 日出具了《2024 年成都豪能科技股份有限公司向不特定对象发行 可转换公司债券 2025 年跟踪评级报告》，维持公司主体信用等级为 AA-，维持 评级展望为稳定，维持"豪 24 转债"的信用等级为 AA-。本次评级结果较前次 未发生变化。 | 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2025-034 | | --- | --- | --- | | 转债代码：113690 | 转债简称：豪 转债 24 | | 成都豪能科技 ...

2024 年成都豪能科技股份有限公 司向不特定对象发行可转换公司 债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【173】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评 ...