Core Viewpoint - The company plans to invest 100 million yuan to establish a wholly-owned subsidiary, Ningbo Xuelong Aluminum Magnesium Technology Co., Ltd, to enhance vertical integration in its industry chain and extend its layout into the die-casting product segment [1] Group 1 - The investment aims to gain control over the supply of core die-casting components, reducing reliance on external processing [1] - The move is expected to improve production stability and timeliness [1] - By operating the die-casting business independently, the company seeks to optimize production processes and cost structures [1] Group 2 - The initiative is designed to strengthen the company's competitiveness in the core components of commercial vehicle cooling systems [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603949 证券简称：雪龙集团 公告编号：2025-079 雪龙集团股份有限公司关于认购投资基金份额的进展公告 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： ■ 一、合作投资基本概述情况 （二）前期进展情况 1、2022年9月15日，合伙企业召开2022年第二次临时合伙人大会，会议同意合伙企业认缴基金总规模增 至23亿元，其中雪龙集团认缴出资额为5,000万元，认缴出资占比为2.17%。公司根据合伙协议约定分3 期缴付，已缴纳首次出资金额人民币1,500万元。具体内容详见2022年9月17日于上海证券交易所网站 （www.sse.com.cn）及指定媒体披露的《雪龙集团股份有限公司关于认购投资基金份额的进展公告》 （公告编号：2022-030）。 2、2023年9月4日，公司根据合伙企业的要求第二次出资，出资金额为人民币1,500万元。 3、2025年2月13日，合伙企业完成了工商变更，认缴规模由23亿元变更为20.72亿元，雪龙集团在合伙 企业的 ...

（文章来源：证券日报） 证券日报网讯 12月4日晚间，雪龙集团发布公告称，深创投中小企业发展基金（新疆）有限合伙企业已 募集完毕并完成工商变更，公司使用自有资金认缴出资1，500万元。 ...

证券代码：603949 证券简称：雪龙集团 公告编号：2025-079 雪龙集团股份有限公司 关于认购投资基金份额的进展公告 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： | 投资标的名称 | 深创投中小企业发展基金（新疆）有限合伙企业 | | | | --- | --- | --- | --- | | 投资金额（万元） | | 1,500 | | | 投资进展阶段 | 完成 进展 | 终止 | 交易要素变更 | | | 募集失败 | | | | | 未能完成备案登记 | | | | | 提前终止 | | | | | 发生重大变更 | | | | 特别风险提示（如 | 其他：本投资具有周期长、流动性较低等特点，面临较 | | | | 有请勾选） | 长的投资回收期。普通合伙人虽在投资领域有较丰富的行 | | | | | 业经验，管理团队专业，风控措施严格，但在投资过程中 | | | | | 仍不能排除宏观经济、行业周期、投资标的公司经营管理、 | | | | | 交易方案、投后管理等多方面的 ...

Group 1 - The core point of the announcement is the resolution of the second extraordinary general meeting of shareholders of Xuelong Group Co., Ltd. held on November 19, 2025, with no rejected proposals [1][2] - The meeting was convened by the board of directors and chaired by Chairman He Cailin, utilizing a combination of on-site and online voting methods, complying with relevant laws and regulations [2][3] - All nine current directors attended the meeting, along with the board secretary and senior management, ensuring a full representation [3] Group 2 - The only resolution discussed was the appointment of the accounting firm for the year 2025, which was approved by the shareholders [3] - The meeting was witnessed by Guohao Law Firm (Shanghai), confirming the legality of the meeting's procedures and the validity of the voting results [4][5] - The announcement was officially released by the board of directors on November 20, 2025, including legal opinions and confirmations from the attending directors [6]

证券代码：603949 证券简称：雪龙集团 公告编号：2025-078 雪龙集团股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 19 日 (二)股东会召开的地点：宁波市北仑区黄山西路 211 号公司四楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 114 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 151,389,676 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 71.7022 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会由公司董事会召集，由董事长贺财霖先生主持。会议采取现场投 票及网络投票相结合的表决方式进行表决，会议的召集、召开、出席会议人员资 ...

国浩律师（上海）事务所 股东会法律意见书 国浩律师（上海）事务所 关于雪龙集团股份有限公司 2025 年第二次临时股东会的法律意见书 致：雪龙集团股份有限公司 雪龙集团股份有限公司（以下简称"公司"）2025 年第二次临时股东会(以下 或称"本次股东会")于 2025 年 11 月 19 日召开，国浩律师（上海）事务所（以下 简称"本所"）接受公司的委托，指派律师（以下简称"本所律师"）出席会议， 并依据《中华人民共和国证券法》《中华人民共和国公司法》、中国证券监督管理 委员会《上市公司股东会规则》和《雪龙集团股份有限公司章程》（以下简称"《公 司章程》"）出具本法律意见书。 本所律师已经按照有关法律、法规的规定对公司本次股东会召集、召开程序是 否合法以及是否符合《公司章程》规定、出席会议人员的资格、召集人资格的合法 有效性和股东会表决程序、表决结果的合法有效性发表法律意见。法律意见书中不 存在虚假、严重误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师是根据对事实的了解和对法律的理解发表法律意见。 本法律意见书依据国家有关法律、法规的规定而出具。 本所律师同意将本法律意见书作为公司 2025 年第 ...

Core Viewpoint - The company reported significant growth in net profit for Q3 2025, driven by increased sales volume and improved internal management efficiency [1][2]. Group 1: Q3 Performance and Drivers - For the first nine months of 2025, the company's operating revenue increased by 17.93%, while the net profit attributable to shareholders, excluding non-recurring gains and losses, surged by 83.10% [1]. - In Q3 2025, the net profit attributable to shareholders, excluding non-recurring gains and losses, saw a remarkable increase of 218.78% [1]. - The growth was attributed to two main factors: increased sales volume of core products due to the recovery of the commercial vehicle market and ongoing optimization of internal management, including production automation and cost control [1]. Group 2: Future Performance and Sustainability - The company's performance sustainability is supported by steady growth in core products, effective cost management, the completion of new production facilities, and ongoing advancements in new energy products [2]. - The company plans to release production capacity effectively after the completion of new production bases, which will enhance operational efficiency and support long-term growth [2]. Group 3: New Energy Business Developments - In the new energy commercial vehicle sector, the company’s high and low-voltage electronic fans are positioned as key components, with ongoing trials and the construction of new factories expected to drive future growth [3]. - The company possesses a nearly complete production chain, enhancing product competitiveness through high self-manufacturing rates [3]. - Core technologies developed, such as low-voltage electronic fan assembly technology, have the potential to be adapted for new energy passenger vehicle thermal management systems, providing avenues for future market expansion [3]. Group 4: Capacity and Client Development - The company is currently operating at a high capacity utilization rate and is developing a new innovation and digital factory project to address increasing order demands, which will significantly enhance manufacturing scale and responsiveness [4][5]. - The company has successfully expanded its client base, establishing strong partnerships with numerous high-end domestic and international clients, including major manufacturers in the commercial vehicle sector [5].

Core Viewpoint - The company Snow Dragon Group held a Q3 2025 earnings presentation on November 18, 2025, to discuss its significant profit growth and future strategies with investors [1][2]. Group 1: Earnings Performance - For the first nine months of 2025, the company's revenue increased by 17.93%, and the net profit attributable to shareholders, excluding non-recurring gains and losses, surged by 83.10%. In Q3 alone, this net profit saw a remarkable increase of 218.78% year-on-year [3]. - The profit growth was driven by two main factors: an increase in sales volume of core products, particularly the intelligent electronic control silicon oil clutch fan assembly, and ongoing internal management optimization, which improved operational efficiency and controlled production costs [3]. Group 2: Future Performance Outlook - The sustainability of the company's performance is supported by steady growth in core products, effective cost control through refined management, the completion of new production facilities, and ongoing advancements in new energy products [4]. - The company is optimistic about its annual performance, with expectations of continued growth in its core product lines and enhanced production capacity from new facilities [4]. Group 3: New Energy Business Developments - In the new energy commercial vehicle sector, the company is focusing on high and low-pressure electronic fans as key components for thermal management. Progress in trials with major manufacturers and the construction of new factories are expected to drive future growth [5]. - The company has a nearly complete production chain, which enhances product competitiveness through in-house production capabilities [5][6]. Group 4: Capacity and Order Management - The company is currently operating at a high capacity utilization rate. A new site in Ningbo Beilun is being developed for a key component innovation center and smart digital factory, which will alleviate existing capacity constraints and improve order response capabilities [7]. Group 5: Customer Acquisition - The company has successfully expanded its customer base, establishing strong partnerships with both domestic and international high-end clients, including major manufacturers like FAW Jiefang and Caterpillar. This broad customer coverage is expected to support long-term sustainable development [8].

Core Insights - Snow Dragon Group reported a revenue of 316 million yuan for the first three quarters of 2025, representing a year-on-year growth of 17.93% [2] - The net profit attributable to shareholders reached 61.04 million yuan, up 36.94% year-on-year, while the net profit excluding non-recurring items surged by 83.10% to 53.42 million yuan [2] - In Q3 alone, the company achieved a revenue growth of 38.32% and a net profit growth of 67.27% [2] Performance Drivers - The growth is driven by "market recovery empowerment" and "internal management efficiency," with increased sales volume and effective cost control through automation and refined management [2] - The company is actively preparing for future growth by investing in new technologies and products in line with the long-term trends of electrification and intelligence in the industry [2] New Product Development - Since 2025, the company has intensified resource investment and formed specialized R&D teams to optimize the performance of low-voltage electric fan assemblies and accelerate the development of high-power electric fan assemblies for new energy commercial vehicles [3] - The company’s high and low-voltage electronic fans are positioned as core components for new energy cooling systems, entering a critical advancement phase with ongoing trials and capacity releases [3] Market Positioning - The company is well-positioned to capitalize on the structural changes in the global commercial vehicle thermal management market, targeting the mid-market opportunities in new energy engineering machinery [3] - If the company achieves mass production of high-voltage products by 2026, it is expected to benefit significantly from the industry's transformation [3] Infrastructure Development - To support future product commercialization and meet market demand, the company is advancing the construction of a new production base in Ningbo Beilun, which will enhance manufacturing scale and order response capabilities [3]