Core Insights - The article provides a comprehensive list of the top 30 publicly listed companies in the die-casting industry in China, highlighting their financial performance, technological advancements, and key clients. Group 1: Company Performance - Guangdong Hongtu reported Q1 2025 revenue of 2.099 billion with a gross margin of 12.58% and holds over 500 patents in aluminum alloy technology, serving clients like Tesla and BYD [1] - Huayang Group achieved Q1 2025 revenue of 1.991 billion and a gross margin of 21.56%, focusing on automotive electronic die-casting and serving clients such as BMW and Mercedes [4] - Ningbo Top Group reported Q1 2025 revenue of 5.768 billion, being a supplier for Tesla's integrated rear cabin [7] - Wencan Co. reported Q1 2025 revenue of 1.27 billion with a gross margin of 13.43%, specializing in integrated die-casting technology [9] - Lichung Group achieved Q1 2025 revenue of 5.967 billion, with a year-on-year growth of 16.49% [16] Group 2: Technological Advancements - Yian Technology is a global leader in liquid metal die-casting, producing over 5 million magnesium alloy parts annually [3] - Shenzhen New Star has developed a high vacuum die-casting process, expecting 1 billion revenue from automotive optical business in 2025 [17] - Meili Xin reported a 60% revenue growth in the photovoltaic sector in 2023, with a global market share of 25% in photovoltaic inverter die-casting [18] Group 3: Client Relationships - Aikodi serves clients including NIO and Bosch, with a 35% increase in net profit in 2023 [6] - Cloud Metal reported a 55% growth in magnesium alloy business in 2023, serving clients like Tesla and BMW [14] - BYD has achieved over 80% self-supply rate for die-casting parts in 2023, with a 30% increase in self-developed equipment capacity [20]

Core Points - Chengxin International Credit Rating Co., Ltd. has terminated the credit rating for Nanjing Quanfeng Automotive Precision Technology Co., Ltd. and its related bond, the "2021 Nanjing Quanfeng Automotive Precision Technology Co., Ltd. Publicly Issued Convertible Corporate Bonds" [1][2] - As of June 23, 2025, Chengxin International maintained the credit rating of Quanfeng Automotive and the "Quanfeng Convertible Bonds" at A+ and placed them on a credit rating watch list [1] - The company exercised its early redemption rights for the "Quanfeng Convertible Bonds," with a total redemption amount of 2,140,701.43 yuan, including interest, and the redemption date was set for July 30, 2025 [1] Summary by Sections - **Credit Rating Termination** - Chengxin International has officially terminated the credit rating for Quanfeng Automotive and the "Quanfeng Convertible Bonds," effective immediately upon the announcement [2] - The ratings will no longer be updated, and the previous rating results are now invalid [2] - **Redemption Details** - As of the redemption registration date on July 29, 2025, the remaining balance of the "Quanfeng Convertible Bonds" was 2,113,000 yuan, which accounted for 0.34% of the total issuance [1] - The total amount redeemed was 2,140,701.43 yuan, which includes the current interest [1]

主体和相关债项信用评级的公告 南京泉峰汽车精密技术股份有限公司（以下简称"泉峰汽车"或"公司"） 发行的"2021 年南京泉峰汽车精密技术股份有限公司公开发行可转换公司债券" （债券简称"泉峰转债"），由中诚信国际信用评级有限责任公司（以下简称"中 诚信国际"）进行相关信用评级工作。2025 年 6 月 23 日，中诚信国际维持泉峰 汽车的主体及"泉峰转债"的信用等级为 A +，并将主体及上述债项信用等级列 入信用评级观察名单。 China Chengxin International Credit Rating Co.,Ltd. [2025]248 中诚信国际关于终止南京泉峰汽车精密技术股份有限公司 北京市东城区朝阳门内大街南竹杆胡同 2 号银河 SOHO5 号楼 邮编：100010 电话：（8610）6642 8877 传真：（8610）6642 6100 Building 5, Galaxy SOHO, No.2 Nanzhuganhutong,ChaoyangmenneiAvenue, Dongcheng District,Beijing, 100010 级结果。 特此公告 二〇二五年七月三十一日 2 ...

2025年7月31日，泉峰汽车发布募投项目延期公告，宣布两项重要项目达到预定可使用状态日期各延期 一年。 三年前，公司通过定增募集资金11.8亿元，（经调整后）拟用于投资"高端汽车零部件智能制造项目 （二期）"和"汽车零部件智能制造欧洲生产基地项目"。前者实施地点为安徽马鞍山，拟使用募集资金 5.3亿元，达到预定可使用状态时间为今年7月；后者实施地点为欧洲匈牙利，拟使用募集资金2.96亿 元，达到预定可使用状态时间为今年11月。 南都记者注意到，泉峰汽车主要从事汽车关键零部件的研发、生产、销售，核心产品包括汽车热交换零 部件、汽车传动零部件、汽车引擎零部件以及新能源汽车零部件等。公司新能源领域客户涵盖了特斯 拉、弗迪动力（比亚迪旗下）、蜂巢传动（长城旗下）、宁德时代、华为、蔚然动力（蔚来旗下）、重 庆青山（长安旗下）、威睿（吉利旗下）等国内诸多行业头部企业；燃油车客户则包括了博世、博格华 纳、法雷奥、大陆、马勒、马瑞利、舍弗勒、麦格纳、蒂森克虏伯等众多国际品牌。 近年，公司一直处于"增收不增利"的状态。2022年、2024年、2024年，分别实现营业收入17.45亿元、 21.35亿元、23.03亿元，稳步上 ...

2025年7月31日，泉峰汽车发布募投项目延期公告，宣布两项重要项目达到预定可使用状态日期各延期一年。 2025年上半年，泉峰汽车销售收入预计同比实现近20%的增长，扣非净利润则预计为-1.91亿元至-1.61亿元，继续亏损。 公司称，新能源汽车行业市场竞争依旧激烈， 新能源相关零部件产品价格承压， 拖累公司新能源汽车零部件产品毛利， 加上前期资本投入较大等因素综合 影响，公司仍处于亏损状态。 而得益于销售增长及产品生产效率、良率改善，单位固定成本及变动成本较去年同期有所下降，公司毛利率逐步修复；此外，因降本增效措施的持续开展， 公司管理费用及研发费用占收入比重持续降低，财务费用因汇兑收益增加而有所下降。以上因素综合导致公司今年半年度净亏损较上年同期明显收窄。 （文章来源：南方都市报） 图源泉峰汽车公告 截至2024年末，上述项目资金投入进度均达到100%，不过，公告称，虽然前期经过充分的可行性论证，但项目在实际推进过程中，宏观环境、市场需求等 发生了诸多变化，尤其欧洲项目还受到俄乌局势、欧洲能源危机等海外不确定因素的影响。为更好地平衡市场需求，实现公司资源的优化配置，公司根据实 际情况，经审慎研究，将两个项 ...

Core Viewpoint - The company has decided to postpone the expected completion dates for its fundraising projects due to changes in the macro environment and market demand, while ensuring that the investment purposes, total investment amounts, implementation entities, and methods remain unchanged [5][6][8]. Fundraising Overview - The company was approved to issue up to 60,370,229 shares at a price of RMB 19.76 per share, raising a total of RMB 1,180,640,725.04 after deducting fees, with a net amount of RMB 1,178,141,710.08 available for investment [1][2]. - The net amount was deposited into a special account for fundraising management, with a three-party supervision agreement in place to protect investor rights [2]. Investment Project Details - The total planned investment for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" is RMB 100,273.00 million, and for the "Automotive Parts Intelligent Manufacturing European Production Base Project," it is RMB 43,827.23 million [5]. - The company has adjusted the investment amounts for these projects due to the actual net fundraising being lower than initially planned [3][4]. Postponement Reasons - The postponement of the projects is attributed to changes in the macro environment and market demand, particularly the impact of the Russia-Ukraine situation and the European energy crisis on the European project [5][6]. - The new expected completion dates are set for July 2026 for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and November 2026 for the "Automotive Parts Intelligent Manufacturing European Production Base Project" [5][6]. Impact of Postponement - The postponement does not involve changes to the investment purposes or amounts and is not expected to adversely affect the company's normal operations or shareholder interests [5][8]. - The company will continue to comply with relevant regulations and monitor project progress closely to ensure timely completion [6][8]. Review Procedures - The board of directors and the supervisory board have both approved the postponement of the fundraising projects, confirming that the decision aligns with regulatory requirements and does not harm the interests of the company or its shareholders [7][8].

Core Viewpoint - The company has announced a delay in the expected operational status of two fundraising projects, extending the timelines for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and the "Automotive Parts Intelligent Manufacturing European Production Base Project" to July 2026 and November 2026, respectively [1][5][6]. Fundraising Overview - The company was approved to issue up to 60,424,710 shares, with an actual issuance of 60,370,229 shares at a price of RMB 19.76 per share, raising net funds after fees of RMB 1,188,000,000 [1][2]. - A special account for managing the raised funds has been established, ensuring compliance with regulations and protecting investor rights [2]. Project Funding Status - As of December 31, 2024, the cumulative investment in the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and the "Automotive Parts Intelligent Manufacturing European Production Base Project" has been adjusted due to lower-than-expected net funds raised [3][4]. - The total planned investment for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" is RMB 1,002.73 million, while the "Automotive Parts Intelligent Manufacturing European Production Base Project" is RMB 438.27 million [5][6]. Reasons for Delay - The delay is attributed to changes in the macro environment and market demand, particularly influenced by geopolitical factors such as the Russia-Ukraine conflict and the European energy crisis [5][6]. - The company aims to optimize resource allocation and align project timelines with future development needs [5][6]. Measures for Project Completion - The company will adhere to regulatory requirements and closely monitor market changes to ensure timely completion of the projects [6][7]. - The board and supervisory committee have approved the delay, confirming that it does not harm the interests of the company or its shareholders [7][8]. Regulatory Compliance - The delay has been reviewed and approved by both the board and the supervisory committee, ensuring compliance with relevant regulations [7][8].

Core Points - The company has announced the early redemption of its convertible bonds, "泉峰转债," due to meeting the redemption conditions specified in the bond issuance prospectus [1][2] - The total amount to be redeemed is RMB 2,140,701.43, which includes accrued interest, with the redemption date set for July 30, 2025 [1][2] - As of July 29, 2025, a total of RMB 617,887,000 of "泉峰转债" has been converted into company shares, representing 38.84% of the total convertible bonds before conversion [2][5] Redemption Details - The redemption quantity is 2,113,000 yuan (21,130 bonds) [1] - The redemption price is set at 101.3110 yuan per bond, which includes an accrued interest of 1.3110 yuan per bond calculated based on a 1.50% annual coupon rate [2] - The bonds will cease trading from July 25, 2025, and any unconverted bonds will be frozen after the redemption date [5] Impact on Company - The total redemption amount will not significantly impact the company's cash flow, and the total share capital will increase, supporting sustainable development [5][6] - The shareholding structure will change, with significant shareholders' proportions being affected due to the conversion of bonds into shares [6]

Group 1 - The board of directors of Nanjing QuanFeng Automotive Precision Technology Co., Ltd. held its 30th meeting of the third session on July 30, 2025, via communication, with all 7 directors present, confirming the legality and validity of the meeting [1][2] - The board approved the proposal to postpone the timeline for the non-public offering of shares fundraising projects, specifically extending the expected operational status dates for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and the "Automotive Parts Intelligent Manufacturing European Production Base Project" [1][2] - The voting results for the proposal were unanimous, with 7 votes in favor, 0 against, and 0 abstentions, and the sponsor, China International Capital Corporation, provided verification opinions [2]

证券代码：603982 证券简称：泉峰汽车 公告编号：2025-068 （一）审议通过了《关于非公开发行股票募投项目延期的议案》 监事会认为：本次募投项目延期是公司根据募投项目的客观情况作出的审慎 决定，符合《上市公司募集资金监管规则》和《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》等相关规定，不存在损害公司及股东利益的情形， 不会对公司的正常经营产生重大不利影响，同意本次募投项目延期事项。 本议案具体内容详见公司同日刊登于上海证券交易所网站（www.sse.com.c n）、《中国证券报》、《上海证券报》的《关于非公开发行股票募投项目延期的公 告》。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 特此公告。 南京泉峰汽车精密技术股份有限公司监事会 南京泉峰汽车精密技术股份有限公司 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 南京泉峰汽车精密技术股份有限公司（以下简称"公司"）第三届监事会第 二十一次会议于 2025 年 7 月 30 日以现场方式召开，与会监事同意豁免本次监 ...