Group 1 - The core point of the news is that Hohsing Co., Ltd. (合兴股份) announced a significant reduction in shareholding by its major shareholder, Hohsing Group Co., Ltd., and its concerted parties, which has triggered a change in equity that touches the 1% threshold [1] - Hohsing Group Co., Ltd. reduced its shareholding by a total of 5,596,700 shares, accounting for 1.40% of the company's total share capital, with the shareholding percentage decreasing from 86.69% to 85.29% [1] - The weighted average price of Hohsing shares from November 13 to November 28, 2025, was 19.088 yuan, leading to a total reduction amount of approximately 109 million yuan for the major shareholder [1] Group 2 - The half-year report for 2025 indicates that Chen Wenbao is the major shareholder and actual controller of Hohsing Group, with family members holding various stakes in the company [2] - Hohsing Co., Ltd. was listed on the Shanghai Stock Exchange on January 19, 2021, with an initial issuance of 40.1 million shares at a price of 6.38 yuan per share, raising a total of 256 million yuan [2] - The net proceeds from the initial public offering amounted to 212 million yuan, which will be used for several technology transformation projects related to automotive electronic components and smart manufacturing system upgrades [2]

Core Viewpoint - The announcement from Hexing Co., Ltd. indicates a significant reduction in shareholding by its controlling shareholder, Hexing Group Co., Ltd., and its concerted parties, which may impact the company's stock performance and investor sentiment [1] Shareholding Changes - Hexing Group Co., Ltd. and its concerted parties reduced their shareholding by a total of 5,596,700 shares, which represents 1.40% of the company's total share capital [1] - The shareholding of Hexing Group Co., Ltd. and its concerted parties decreased from 34,762,194.49 shares to 34,202,524.90 shares, resulting in a reduction of their holding percentage from 86.69% to 85.29% [1]

证券代码：605005 证券简称：合兴股份 公告编号：2025-035 合兴汽车电子股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度 的提示性公告 合兴集团有限公司及其一致行动人保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 86.69% | | | | 权益变动后合计比例 | 85.29% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | ☑控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他___ ...

Core Viewpoint - The announcement from Hexing Co., Ltd. indicates a significant reduction in shareholding by its controlling shareholder, Hexing Group, and its concerted parties, which may impact market perception and investor confidence [1] Group 1: Shareholding Changes - Hexing Group reduced its holdings by a total of 5.5967 million shares, accounting for 1.40% of the total share capital [1] - The reduction included 653,200 shares sold through centralized bidding and 4.926 million shares sold via block trading [1] - Following the reduction, Hexing Group's total shareholding decreased from 34,762,194.49 shares to 34,202,524.49 shares, with the ownership percentage dropping from 86.69% to 85.29% [1] Group 2: Control and Compliance - Despite the reduction in shareholding, the controlling shareholder's status remains unchanged, and the reduction does not trigger a mandatory tender offer [1]

Core Viewpoint - The company, Hexing Co., Ltd. (605005.SH), announced a significant reduction in shareholding by its controlling shareholder, Hexing Group Co., Ltd., and its concerted parties, impacting the overall ownership structure of the company [1] Summary by Relevant Sections - **Shareholding Reduction** - Hexing Group Co., Ltd. reduced its shareholding by a total of 559.67 thousand shares, which represents 1.40% of the company's total share capital [1] - The reduction occurred through two methods: 65.32 thousand shares were sold via centralized bidding, and 492.6 thousand shares were sold through block trading [1] - **Current Shareholding Structure** - Following the reduction, Hexing Group Co., Ltd. and its concerted parties now hold a total of 342 million shares, down from 348 million shares [1] - The overall shareholding percentage decreased from 86.69% to 85.29%, marking a significant change in the ownership dynamics of the company [1]

Core Viewpoint - On November 28, Hexing Co., Ltd. executed a block trade of 2.773 million shares, amounting to 47.5014 million yuan, which accounted for 58.33% of the total trading volume for the day, with a transaction price of 17.13 yuan, representing a discount of 10.31% compared to the market closing price of 19.1 yuan [1]. Group 1 - The block trade involved a total of 2.773 million shares at a price of 17.13 yuan per share [1]. - The total transaction value for the block trade was 47.5014 million yuan [1]. - The block trade constituted 58.33% of the total trading volume on that day [1]. Group 2 - The transaction price of 17.13 yuan reflects a discount of 10.31% from the market closing price of 19.1 yuan [1].

本次权益变动后，合兴集团有限公司及其一致行动人合计持有公司股份数量由3.48亿股减少至3.42亿股, 合计持股比例由86.69%减少至85.29%，权益变动触及1%刻度。 格隆汇11月28日丨合兴股份(605005.SH)公布,公司于2025年11月28日收到控股股东合兴集团有限公司及 其一致行动人的通知，合兴集团有限公司于2025年11月13日-11月28日通过集中竞价减持股份为65.32万 股、大宗交易方式减持股份为492.6万股，陈文义于2025年11月13日通过集中竞价减持股份为1.75万股。 上述股东减持股份合计为559.67万股，占公司当前总股本的1.40%。 ...

Group 1 - On November 27, Hexing Co., Ltd. executed a block trade of 2.038 million shares, with a transaction amount of 34.7069 million yuan, accounting for 59.5% of the total transaction amount for the day [1] - The transaction price was 17.03 yuan, representing a discount of 10.51% compared to the market closing price of 19.03 yuan [1] Group 2 - The block trade involved multiple transactions at the same price of 17.03 yuan, with varying transaction amounts and volumes across different trading departments [2] - The largest transaction amount recorded was 531.34 thousand yuan with a volume of 31.2 thousand shares [2] - Other notable transactions included amounts of 493.87 thousand yuan and 408.72 thousand yuan, with respective volumes of 29 thousand shares and 24 thousand shares [2]

Group 1 - The core point of the news is that Hexing Co., Ltd. conducted a block trade on November 13, with a total of 115,000 shares traded, amounting to 2.01 million yuan, which represents 2.39% of the total trading volume for that day [1] - The transaction price was 17.48 yuan, which is a discount of 9.66% compared to the market closing price of 19.35 yuan [1]

Core Viewpoint - The company held a Q3 2025 earnings presentation on November 7, 2025, to discuss its main business and operational performance with investors [1][2]. Group 1: Earnings Presentation Details - The earnings presentation took place from 10:00 to 11:00 AM at the Shanghai Stock Exchange's online roadshow center [1]. - Key executives, including the Chairman and General Manager, participated in the presentation to engage with investors [2]. Group 2: Investor Questions and Company Responses - The company announced that there would be no dividend distribution for Q3 2025 [3]. - The company confirmed that it has a normal order backlog, with an increase in new project production, particularly in components for electric vehicle inverter systems and intelligent driving systems [3]. - The company reported that its R&D expenses for the first three quarters of 2025 amounted to 79.2951 million yuan, representing 5.87% of its revenue, which is a 9.19% increase from 72.6522 million yuan in the same period last year [4]. Group 3: Shareholder Equity Changes - The company disclosed that its major shareholder, Hexing Group Co., Ltd., reduced its shareholding by 2.113 million shares, accounting for 0.52% of the total share capital, between October 10 and November 6, 2025 [8]. - Following this reduction, the total shares held by Hexing Group and its concerted parties decreased from 349.734949 million shares to 347.621949 million shares, with the holding percentage dropping from 87.21% to 86.69% [8]. - The equity change does not trigger a mandatory tender offer and will not affect the company's control structure or ongoing operations [9].