Financial Performance - The company's operating revenue for Q1 2025 reached ¥501,156,364.96, representing a 20.52% increase compared to ¥415,834,708.00 in the same period last year[4] - Net profit attributable to shareholders increased by 65.80% to ¥77,679,774.67 from ¥46,851,469.23 year-on-year[4] - Basic and diluted earnings per share rose by 66.67% to ¥0.25, compared to ¥0.15 in the same period last year[4] - Total operating revenue for Q1 2025 reached ¥501.16 million, a 20.5% increase from ¥415.83 million in Q1 2024[19] - Net profit attributable to shareholders for Q1 2025 was ¥77.68 million, representing a 65.8% increase compared to ¥46.85 million in Q1 2024[20] Cash Flow - The net cash flow from operating activities surged by 139.23% to ¥232,798,943.10, up from ¥97,311,452.85 in the previous year[4] - Cash flow from operating activities for Q1 2025 was ¥232.80 million, significantly higher than ¥97.31 million in Q1 2024, marking an increase of 139.5%[22] - Cash flow from investing activities for Q1 2025 showed a net outflow of ¥119.26 million, compared to a net outflow of ¥99.10 million in Q1 2024[23] - Cash flow from financing activities for Q1 2025 was a net inflow of ¥147.65 million, compared to ¥164.40 million in Q1 2024[24] - The ending cash and cash equivalents balance for Q1 2025 was ¥502.07 million, up from ¥351.99 million in Q1 2024, indicating a 42.6% increase[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,778,702,652.66, a 13.68% increase from ¥5,083,436,590.10 at the end of the previous year[5] - The company's current assets amounted to CNY 2,722,687,800.11, up from CNY 2,177,950,070.47, indicating a growth of about 24.98%[14] - Total liabilities increased to CNY 3,021,068,556.45 from CNY 2,373,488,319.67, reflecting a growth of about 27.29%[16] - The total non-current assets reached CNY 3,056,014,852.55, an increase from CNY 2,905,486,519.63, reflecting a growth of approximately 5.19%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,461[10] - The top shareholder, Li Zuoyuan, holds 40.72% of the shares, totaling 131,984,199 shares[10] Research and Development - The company reported a significant increase in R&D expenses, which rose to ¥26.56 million in Q1 2025 from ¥21.10 million in Q1 2024, an increase of 25.7%[19] Other Financial Metrics - The weighted average return on equity improved to 2.86%, up by 0.98 percentage points from 1.88%[5] - The net profit after deducting non-recurring gains and losses increased by 84.34% to ¥74,367,221.25 from ¥40,343,513.09 year-on-year, driven by the growth in new energy hybrid product components[8] - The company reported non-recurring gains of ¥3,312,553.42, primarily from government subsidies and other operational income[8] - Other comprehensive income after tax for Q1 2025 was ¥86.26 million, compared to ¥752.18 million in Q1 2024, indicating a decrease of 88.5%[20]

长源东谷（603950）公告，2025年第一季度营收为5.01亿元，同比增长20.52%；净利润为7767.98万 元，同比增长65.80%。 ...

证券代码：603950 证券简称：长源东谷 公告编号：2025-019 襄阳长源东谷实业股份有限公司 2024年年度股东大会决议公告 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)股东大会召开的时间：2025 年 4 月 22 日 (二)股东大会召开的地点：湖北省襄阳市襄州区钻石大道 396 号长源东谷 1 号会 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 | 171 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 179,642,949 | | 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 | | | 份总数的比例（%） | 55.5945 | 说明：截至本次股东大会股权登记日，公司总股本为 324,130,800 股，其中回购专用 证券账户中有股份 1,000,000 股，回购专用账户中的股份不享有股东大会表决权，故公司有 表决权股 ...

一、核查的范围与程序 1、核查对象为本次激励计划的内幕信息知情人。 襄阳长源东谷实业股份有限公司 关于 2025 年限制性股票激励计划内幕信息知情人买 卖公司股票情况的自查报告 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个别及连带责任。 2、本次激励计划的内幕信息知情人均按有关规定登记于《内幕信息知情人 登记表》。 襄阳长源东谷实业股份有限公司（以下简称"公司"）于 2025 年 3 月 17 日召开的第五届董事会第六次会议、第五届监事会第六次会议，审议通过了《关 于<公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等相关议案， 并于 2025 年 3 月 18 日在上海证券交易所网站（www.sse.com.cn）及公司指定媒 体披露了相关公告。 3、公司向中国证券登记结算有限责任公司上海分公司就核查对象在本次激 励计划首次公开披露前六个月（查询时间为 2024 年 9 月 17 日至 2025 年 3 月 17 根据《上市公司股权激励管理办法》（以下简称"管理办法"）等法律、法规 及规范性文件的要求和公司相关内部保 ...

北京市竞天公诚律师事务所 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层邮政编码 100025 电话:(86-10)5809-1000 传真:(86-10)5809-1100 关于襄阳长源东谷实业股份有限公司 2024 年年度股东大会的 法律意见书 致：襄阳长源东谷实业股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）受襄阳长源东谷实业股份 有限公司（以下简称"长源东谷"或"公司"）委托，指派律师出席长源东谷 2024 年年度股东大会（以下简称"本次股东大会"），并根据《中华人民共和国证券法》 （以下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）等法律法规、规范性文件 及现行有效的《襄阳长源东谷实业股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 本所律师按照《股东会规则》的要求对长源东谷本次股东大会的合法、合规、 真实、有效进行了充分的核查验证，保证本法律意见书不存在虚假、误导性陈述 及重大遗漏，并对本法律意见书的真实性、准确性、完整性承担相应的法律责任。 本法律意见书仅 ...

襄阳长源东谷实业股份有限公司监事会 关于对2025年限制性股票激励计划 激励对象名单审核及公示情况的说明 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。 襄阳长源东谷实业股份有限公司（以下简称"公司"）于2025年3月17日召开的第五届董事会第六次会 议、第五届监事会第六次会议，审议通过了《关于〈公司2025年限制性股票激励计划（草案）〉及其摘 要的议案》等议案，并于2025年3月18日在上海证券交易所网站（www.sse.com.cn）及公司指定媒体披 露了相关公告。 根据《公司法》、《证券法》、《上市公司股权激励管理办法》等有关法律、法规及规范性文件和《公 司章程》的规定，公司对2025年限制性股票激励计划中确定的激励对象的名单和职务在公司内部进行了 公示。公司监事会对《公司2025年限制性股票激励计划（草案）》（以下简称"《激励计划》"）中的激 励对象名单进行了审核，相关公示及核查情况说明如下： 一、激励对象名单的公示情况 证券代码：603950 证券简称：长源东谷 公告编号：2025-018 1、列入公司《激励计 ...

证券代码：603950 证券简称：长源东谷 公告编号：2025-018 襄阳长源东谷实业股份有限公司监事会 关于对 2025 年限制性股票激励计划 激励对象名单审核及公示情况的说明 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。 根据《公司法》、《证券法》、《上市公司股权激励管理办法》等有关法律、法 规及规范性文件和《公司章程》的规定，公司对 2025 年限制性股票激励计划中 确定的激励对象的名单和职务在公司内部进行了公示。公司监事会对《公司 2025 年限制性股票激励计划（草案）》（以下简称"《激励计划》"）中的激励对象名单 进行了审核，相关公示及核查情况说明如下： （3）公示方式：公司内部公示栏张榜方式予以公示； 襄阳长源东谷实业股份有限公司（以下简称"公司"）于 2025 年 3 月 17 日 召开的第五届董事会第六次会议、第五届监事会第六次会议，审议通过了《关于 <公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等议案，并于 2025 年 3 月 18 日在上海证券交易所网站（www.sse.com ...

襄阳长源东谷实业股份有限公司 2024 年年度股东大会 会议资料 二〇二五年四月 1 襄阳长源东谷实业股份有限公司 2024 年年度股东大会会议议程 现场会议召开时间： 2025 年 4 月 22 日 14:00。 网络投票时间： 网络投票起止时间：自 2025 年 4 月 22 日至 2025 年 4 月 22 日。 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 会议召开地点： 襄阳市襄州区钻石大道 396 号长源东谷 1 号会议室 会议表决方式： 现场投票和网络投票相结合。 会议主持人： 董事长李佐元先生 8. 审议《关于核定公司董事、监事、高级管理人员年度薪酬的议案》 9. 审议《关于 2025 年度公司及子公司申请综合授信额度并为全资子公司提供 融资担保的议案》 2 一、主持人致欢迎词，介绍会议出席人员情况，宣布会议开始； 二、选举监票人（两名股东代表和一名监事）； 三、审议会议议案： 1. 审议《关于公司 ...

Investment Rating - The report maintains a positive investment rating for the automotive and automotive parts industry, focusing on domestic autonomous industry chains and key companies such as BYD, Geely, and Xpeng [5]. Core Insights - The report highlights the impact of recent U.S. tariffs on the automotive sector, noting that the tariffs have a limited effect on automotive parts, particularly for companies with overseas operations [2][3]. - It emphasizes the importance of monitoring tariff developments and suggests a focus on domestic autonomous vehicle manufacturers that are less affected by U.S. tariffs [3][24]. - The report recommends a selection of companies in the automotive sector, particularly those involved in smart and electric vehicles, as well as automotive parts suppliers [3][4]. Summary by Sections Weekly Data - In the first week of April 2025, passenger car sales reached 337,000 units, a year-on-year increase of 25.6% but a month-on-month decrease of 30.2%. New energy vehicle sales were 168,000 units, up 37.8% year-on-year but down 30.4% month-on-month, with a penetration rate of 50.0% [1][3]. Market Performance - The automotive sector underperformed the market, with the A-share automotive sector declining by 5.26% from April 7 to April 11, ranking 24th among sub-industries [1][3]. Key Recommendations - The report suggests focusing on a core portfolio that includes companies like BYD, Geely, Xpeng, Xiaomi, Berteli, Top Group, and others [1][3]. - It also highlights the potential of companies involved in the new energy vehicle supply chain and those focusing on smart driving technologies [3][4]. Tariff Impact - The U.S. tariffs, particularly the reciprocal tariffs, are expected to have a significant impact on exports and the economy, with a potential drag on GDP growth [10][19]. - The report notes that the automotive parts sector is less affected by the tariffs, especially for companies with production facilities in Mexico and Southeast Asia [2][24]. Company Focus - The report identifies key companies in the automotive parts sector that are well-positioned to benefit from the current market dynamics, including those involved in smart and electric vehicle technologies [3][4][25].

Core Viewpoint - Changyuan Donggu's Q1 2025 performance forecast indicates a significant increase in net profit, driven by stable demand in the commercial vehicle market and rapid growth in the new energy sector [1][2]. Group 1: Q1 2025 Performance Forecast - The company expects a net profit attributable to shareholders of between 70 million to 80 million yuan, an increase of 23.15 million to 33.15 million yuan compared to the same period in 2024, representing a growth rate of 49.41% to 70.75% [1]. - The forecasted net profit after deducting non-recurring gains and losses is expected to be between 70 million to 75 million yuan, an increase of 29.66 million to 34.66 million yuan year-on-year, with a growth rate of 73.51% to 85.90% [1]. Group 2: Business Strategy and Market Position - Changyuan Donggu focuses on the research, production, and sales of diesel engine components, with major clients including Foton Cummins, Dongfeng Cummins, and others [2]. - The company is accelerating its expansion into the new energy sector, successfully implementing a dual-track strategy for traditional and new energy [2]. - In 2024, the company achieved an operating income of 1.92 billion yuan, a year-on-year increase of 30.38%, and a net profit of 230 million yuan, up 5.37% [2]. Group 3: Recent Developments and Customer Base - The fourth quarter of 2024 showed particularly strong performance, with a single-quarter revenue of 650 million yuan, a year-on-year increase of 57.95%, and a net profit of 75.29 million yuan, up 291.8% [2]. - The company has no overseas customers and primarily focuses on domestic sales, with minimal indirect exports to the U.S. [2].