| 交易日期 | 任務國除 | 证券代码 | 成交价(元) | | 成交金额(万元) 成交量[×] 买入管业部 | | 英出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-09-01 | 雷龙集团 | 603949 | 16.91 | 202.92 | 12 | 因素海通过劳股份 有限公司总部 | 光大证券股份有限 公司宁波北仑新疆 | ਨੂੰ | | | | | | | | | 证券营业部 | | | 2025-09-01 | 雷龙集团 | 603949 | 16.91 | 201.23 | 11.9 | 中信建投证券股份 中信建投证券股份 有限公司北京型京 | 光大证券股份有限 公司宁波北仑新疆 | KA | | | | | | | | 旺碰易不错 | 证券営业部 | | | 2025-09-01 | 雷龙集团 | 603949 | 1000 16.91 | 1. 1. 2. 2. 2. 2. 201.23 | 11.9 | 机构专用 | 光大证券股份有限 | ਨੂੰ | | | | | | | | ...

Core Viewpoint - Xuelong Group's half-year report for 2025 shows significant growth in revenue and net profit, reflecting the company's enhanced profitability and strategic focus on energy-saving and intelligent cooling systems for commercial vehicles [1][4]. Financial Performance - The company achieved operating revenue of 212 million yuan, a year-on-year increase of 9.95% [1] - Net profit attributable to shareholders reached 41.27 million yuan, up 26.00% year-on-year [1] - Net profit excluding non-recurring items was 34.03 million yuan, a substantial increase of 47.36% year-on-year [1] Business Strategy - Xuelong Group focuses on providing efficient cooling system solutions for commercial vehicles, emphasizing energy-saving, emission reduction, and intelligence [1][3] - The company has optimized its product structure and implemented cost-reduction measures to capitalize on industry recovery opportunities [1][4] Market Position - The company is a leading player in the commercial vehicle cooling system and lightweight components market, benefiting from a recovery in the domestic commercial vehicle market, particularly in the heavy truck sector [4] - Sales of the core product, energy-saving and noise-reducing electric control silicone oil clutch fan assembly, grew by 32% year-on-year, surpassing the industry average [4] Profitability Improvement - Xuelong Group has improved its gross margin and overall profitability through lean production management, optimized procurement channels, and enhanced production automation [5] - The shift towards high-margin products has contributed to the company's transition from revenue growth to high-quality profitability [5] Future Growth Initiatives - The company is actively investing in new technologies and products in line with the long-term trends of electrification and intelligence in the industry [6] - Xuelong Group has developed a low-voltage electric fan assembly that meets international standards and has received certification from major clients, targeting applications in new energy vehicles [6] Infrastructure Development - To meet growing market demand, Xuelong Group is advancing the construction of a new production base focused on innovative R&D and smart manufacturing for key components of new energy commercial vehicles [7] - The new facility aims to enhance production capacity and improve response times to orders, while also establishing a high-level R&D center to foster collaboration between industry and academia [7]

Financial Performance - The company reported a total revenue of 212 million yuan for the first half of 2025, representing a year-on-year increase of 9.95% [1] - The net profit attributable to shareholders reached 41.27 million yuan, up 26.0% year-on-year [1] - In Q2, the total revenue was 108 million yuan, showing an 18.03% increase compared to the same quarter last year [1] - The net profit for Q2 was 23.50 million yuan, reflecting a significant year-on-year growth of 69.74% [1] Profitability Metrics - The gross margin stood at 34.56%, an increase of 1.14% year-on-year [1] - The net profit margin was reported at 19.49%, which is a 14.6% increase year-on-year [1] - The total of selling, administrative, and financial expenses was 22.26 million yuan, accounting for 10.51% of revenue, a decrease of 11.92% year-on-year [1] Shareholder Metrics - Earnings per share (EPS) increased by 25.0% to 0.20 yuan [1] - The net asset value per share was reported at 4.92 yuan, up 4.72% year-on-year [1] - Operating cash flow per share was 0.12 yuan, down 8.63% year-on-year [1] Accounts Receivable - The company's accounts receivable is notably high, with accounts receivable to net profit ratio reaching 232.57% [1][2] - This indicates a potential concern regarding the collection of receivables and cash flow management [2] Historical Performance - The company's return on invested capital (ROIC) for the previous year was 5.8%, which is considered average [2] - The historical median ROIC since the company went public is 18.12%, indicating good investment returns [2] - The lowest recorded ROIC was 3.98% in 2022, highlighting variability in performance [2]

Core Viewpoint - Xuelong Group reported a robust growth in its operating performance for the first half of 2025, with significant increases in revenue and profit metrics, indicating a strong recovery in the commercial vehicle market and effective strategic initiatives [1][2]. Group 1: Financial Performance - The company achieved an operating revenue of 212 million yuan, representing a year-on-year growth of 9.95% [1] - The net profit attributable to shareholders reached 41.27 million yuan, up 26% year-on-year [1] - The net profit after deducting non-recurring items was 34.03 million yuan, reflecting a substantial increase of 47.36% [1] Group 2: Market Environment - The domestic commercial vehicle market showed signs of recovery in the first half of 2025, with production and sales reaching 2.099 million and 2.121 million units, respectively, marking year-on-year increases of 4.67% and 2.58% [2] - Heavy-duty trucks, a key segment, saw production and sales growth of 10.07% and 6.88%, respectively [2] - Sales of new energy commercial vehicles reached 360,000 units, a remarkable year-on-year growth of 57%, with a penetration rate of 24% [2] Group 3: Product Development and Strategy - The sales of the core product, energy-saving and noise-reducing electric control silicone oil clutch fan assembly system, increased by 32% year-on-year, significantly outperforming the industry average [2] - The company is actively developing high-value new products, with a high-pressure, high-power electric fan assembly nearing completion of its design phase [3] - A new production base is being established to support the industrialization of new technologies and products, aimed at overcoming existing capacity bottlenecks and enhancing R&D capabilities [3]

Core Viewpoint - Xuelong Group reported significant growth in its operating performance for the first half of 2025, driven by the recovery of the commercial vehicle industry and accelerated transition to new energy, with key indicators such as revenue and net profit showing substantial year-on-year increases [1][2]. Financial Performance - In the first half of 2025, Xuelong Group achieved operating revenue of 212 million yuan, a year-on-year increase of 9.95% [1] - The total profit reached 46.68 million yuan, up 23.73% year-on-year [1] - The net profit attributable to shareholders was 41.28 million yuan, reflecting a 26.00% increase year-on-year [1] - The non-recurring net profit was 34.03 million yuan, showing a significant growth of 47.36% year-on-year [1] Business Operations - Xuelong Group, recognized as a national manufacturing champion and a "little giant" enterprise, has a strong competitive edge in the commercial vehicle thermal management system sector [2] - The domestic commercial vehicle market, particularly the heavy truck sector, saw a recovery with production and sales increasing by 10.07% and 6.88% respectively from January to June [2] - Sales of new energy commercial vehicles reached 360,000 units, marking a 57% year-on-year increase, with a penetration rate rising to 24% [2] - The company's main product, the energy-saving and noise-reducing electric control silicone oil clutch fan assembly system, experienced a 32% year-on-year sales growth, significantly surpassing the industry average [2] New Energy Business Development - The company is proactively advancing its new energy business, with self-developed low-voltage electric fan assembly products now capable of mass production and having received major customer certifications [3] - The value of components for new energy electric heavy trucks is 2-4 times higher than that of traditional fuel heavy trucks, indicating a substantial growth opportunity [3] - The company is also developing high-pressure high-power electric fan assembly products, which are in the design phase and undergoing testing with major manufacturers [3] - The "Key Components Innovation R&D Center for New Energy Commercial Vehicles and Smart Digital Factory Project" is progressing as planned, aimed at overcoming current capacity bottlenecks and enhancing R&D and smart manufacturing capabilities [3] Future Outlook - Xuelong Group plans to accelerate market expansion for new energy products and deepen lean management practices to maintain its leading position in the industry [4] - Market analysis suggests that with the ongoing recovery of the commercial vehicle industry and increased penetration of new energy, the company is well-positioned to further expand its market share and achieve sustained performance growth [4]

Group 1 - The core viewpoint of the news is that Xuelong Group reported a revenue increase of 9.95% year-on-year for the first half of 2025, with a net profit growth of 26.00% [1] - The company's operating income for the first half of 2025 was 212 million yuan, and the net profit attributable to shareholders was 41.27 million yuan [1] - The basic earnings per share for the reporting period was 0.20 yuan, with a weighted average return on equity of 4.00% [1] Group 2 - The gross profit margin for the first half of 2025 was 34.56%, a decrease of 4.33 percentage points year-on-year, while the net profit margin increased by 2.48 percentage points to 19.49% [1] - In Q2 2025, the gross profit margin improved to 35.21%, up 2.64 percentage points year-on-year and 1.33 percentage points quarter-on-quarter, with a net profit margin of 21.70%, an increase of 6.61 percentage points year-on-year [1] - The company's period expenses for the first half of 2025 were 31.24 million yuan, a decrease of 12.63 million yuan compared to the same period last year, with a period expense ratio of 14.75% [2] Group 3 - The shareholder concentration improved, with the total number of shareholders decreasing to 18,300, a decline of 46.70% from the previous quarter [2] - The average market value per shareholder increased by 22.73% from 177,400 yuan to 217,800 yuan [2] - Xuelong Group's main business includes the research, production, and sales of internal combustion engine cooling system products and lightweight plastic products for automobiles, with the main revenue sources being clutch fan assemblies (62.21%) and fan assemblies (22.10%) [2]

一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 证券代码：603949 证券简称：雪龙集团 公告编号：2025-053 雪龙集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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法律责任。 重要内容提示： 雪龙集团股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经 营成果、财务状况，公司计划于 2025 年 9 月 16 日（星期二） 9:00-10:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 二、 说明会召开的时间、地点 会议召开时间：2025 年 9 月 16 日（星期二）9:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow. sseinfo. ...

证券代码：603949 证券简称：雪龙集团 公告编号：2025-052 雪龙集团股份有限公司 2025年半年度募集资金存放与实际使用情况的 专项报告 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。 根据《上市公司募集资金监管规则》及《上海证券交易所上市公司自律监管 指引第 1 号——规范运作》及相关格式指引编制的规定，雪龙集团股份有限公司 （以下简称"公司"或"本公司"）编制了《公司 2025 年半年度募集资金存放与实 际使用情况的专项报告》，具体内容如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会证监许可〔2020〕131 号文核准，并经上海证券 交易所同意，本公司由主承销商广发证券股份有限公司采用余额包销方式，向社 会公众公开发行人民币普通股（A 股）股票 3,747 万股，发行价为每股人民币 12.66 元，共计募集资金 47,437.02 万元，坐扣承销费用 2,460.59 万元（不含税金额） 后的募集资金为 44,976.43 万元，已由主承销商广发证券股份有限公司于 2 ...

监事会认为：公司 2025 年半年度报告及其摘要的编制和审议程序符合法律 法规、《公司章程》和公司内部管理制度的各项规定，报告的内容和格式符合中 国证监会和上海证券交易所的各项规定；公司 2025 年半年度报告全文及其摘要 所包含的信息能充分反映报告期内公司的财务状况和经营成果，所披露的信息真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏；未发现参与公司 2025 年半年度报告及其摘要编制和审议的人员有违反保密规定的行为。 证券代码：603949 证券简称：雪龙集团 公告编号：2025-051 雪龙集团股份有限公司 第四届监事会第二十一次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 雪龙集团股份有限公司（以下简称"公司"）第四届监事会第二十一次会议于 2025 年 8 月 29 日在宁波市北仑区黄山西路 211 号公司会议室以现场会议的形式 召开，本次会议通知已于 2025 年 8 月 19 日以专人送达方式向全体监事发出，会 议由监事会主席张海芬召集和主持，会议应到监事 3 名 ...

证券代码：603949 证券简称：雪龙集团 公告编号：2025-050 雪龙集团股份有限公司 第四届董事会第二十二次会议决议公告 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。 表决结果：7 票同意、0 票反对、0 票弃权。 本议案已经公司董事会审计委员会 2025 年第五次会议全体委员审议通过， 同意提交董事会审议。 具体内容详见 2025 年 8 月 30 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 2025 年半年度报告》及《雪龙集团 股份有限公司 2025 年半年度报告摘要》。 （二）审议通过《2025 年半年度募集资金存放与实际使用情况的专项报告》 表决结果：7 票同意、0 票反对、0 票弃权。 具体内容详见 2025 年 8 月 30 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 2025 年半年度募集资金存放与实际 使用情况的专项报告》（公告编号：2025-052）。 特此公告。 雪龙集团股份有限公司董事会 一、 ...