| | 是否 | 本次质押 | 是否 | 是否 | 质押 | 质押 | | 占其所 持股份 | 占公司 总股本 | 质押融 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 为控股 | | 为限 | 补充 | | | 质权人 | | | 资资金 | | 名称 | | 股数 | | | 起始日 | 到期日 | | 比例 | 比例 | | | | 股东 | | 售股 | 质押 | | | | （%） | （%） | 用途 | | | | | | | | | 深圳市 高新投 | | | 补充流 | | 庄严 | 否 | 4,800,000 | 否 | 否 | 2025-9-29 | 2026-09-29 | | 17.14 | 2.96 | | | | | | | | | | 集团有 | | | 动资金 | | | | | | | | | 限公司 | | | | 证券代码：605068 证券简称：明新旭腾 公告编号：2025-094 转债代码：111004 转债简称：明新转债 明新旭腾新材料股份有限公司 关于持股 ...

Core Points - The major shareholder of Mingxin Xuteng New Materials Co., Ltd., Zhuang Yan, pledged 4.8 million shares on September 29, 2025, which accounts for 17.14% of his holdings and 2.96% of the company's total share capital [1] - As of the announcement date, Zhuang Yan has cumulatively pledged 13.96 million shares, representing 49.86% of his total shares and 8.61% of the company's total share capital [1] - The pledged financing is intended to supplement working capital, with a maturity date set for September 29, 2026 [1] - The company asserts that Zhuang Yan has sufficient risk control capabilities, indicating no risk of forced liquidation of the pledged shares, and that this will not adversely affect the company's operations [1] - The company commits to timely disclosure of any significant changes in the future [1]

Core Insights - The automotive parts sector experienced a decline of 0.91% on September 26, with Daying Electronics leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the automotive parts sector included: - Disengli (603335) with a closing price of 6.33, up 10.09% on a trading volume of 609,200 shares and a turnover of 382 million [1] - Yueling Co. (002725) closed at 15.79, up 10.03% with a trading volume of 311,800 shares and a turnover of 487 million [1] - Chengfei Integration (002190) closed at 42.88, up 10.01% with a trading volume of 478,500 shares and a turnover of 2 billion [1] - Conversely, Daying Electronics (603286) saw a significant decline of 10.00%, closing at 41.78 with a trading volume of 174,000 shares and a turnover of 749 million [2] - Other notable decliners included: - Mingxin Xuteng (605068) down 7.73% to 30.08 [2] - Xinquan Co. (603179) down 6.75% to 76.50 [2] Capital Flow - The automotive parts sector experienced a net outflow of 330 million from institutional investors, while retail investors saw a net inflow of 1.01 billion [2][3] - Key stocks with significant capital flow included: - Wanxiang Qianchao (000559) with a net inflow of 563 million from institutional investors, but a net outflow of 230 million from retail investors [3] - Chengfei Integration (002190) had a net inflow of 511 million from institutional investors, with a net outflow of 231 million from retail investors [3] - Blue Dai Technology (002765) saw a net inflow of 459 million from institutional investors, but a net outflow of 213 million from retail investors [3]

Group 1 - The core point of the news is that Mingxin Xuteng's stock price dropped by 5.12% to 30.93 CNY per share, with a trading volume of 98.21 million CNY and a turnover rate of 1.92%, resulting in a total market capitalization of 5.015 billion CNY [1] - Mingxin Xuteng New Materials Co., Ltd. is located in Jiaxing City, Zhejiang Province, and was established on December 7, 2005. The company was listed on November 23, 2020, and its main business involves the research and development, clean production, and sales of new materials for automotive interiors [1] Group 2 - From the perspective of major fund holdings, one fund under Huatai PineBridge has a significant position in Mingxin Xuteng. The Huatai Minying New Power Stock Fund (001541) reduced its holdings by 236,800 shares in the second quarter, now holding 498,200 shares, which accounts for 2.39% of the fund's net value, ranking as the eighth largest holding [2] - The Huatai Minying New Power Stock Fund (001541) was established on August 7, 2015, with a latest scale of 374 million CNY. Year-to-date returns are 44.72%, ranking 1047 out of 4220 in its category; the one-year return is 80.9%, ranking 888 out of 3824; and since inception, the return is 108.4% [2] - The fund manager of Huatai Minying New Power Stock Fund (001541) is Bian Zheng, who has been in the position for 3 years and 219 days. The total asset scale of the fund is 598 million CNY, with the best return during his tenure being 56.32% and the worst being 6.14% [2]

证券日报网讯 9月24日晚间，明新旭腾发布公告称，2025年9月24日，公司收到中国证券登记结算有限 责任公司出具的《证券过户登记确认书》，公司回购专用证券账户中所持有的475，000股公司股票已于 2025年9月23日以非交易过户的方式过户至"明新旭腾新材料股份有限公司－2025年员工持股计划"证券 账户，过户价格为6.51元/股。截至本公告披露日，公司2025年员工持股计划通过其证券账户持有公司 股份1，477，792股，占公司总股本的0.91%。 （文章来源：证券日报） ...

明新旭腾新材料股份有限公司 关于 2025 年员工持股计划预留部分 非交易过户完成的公告 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。 一、2025 年员工持股计划基本情况 证券代码：605068 证券简称：明新旭腾 公告编号：2025-093 转债代码：111004 转债简称：明新转债 根据《关于上市公司实施员工持股计划试点的指导意见》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》等相关规定，现将公司本员工持 股计划的实施进展情况公告如下： 根据本员工持股计划预留部分份额实际认购情况及最终缴款的审验结果，本 员工持股计划参与认购预留部分份额的员工为 4 人，共计缴纳认购资金 3,092,250.00 元，对应认购公司回购专用证券账户库存股 475,000 股。 2025 年 9 月 24 日，公司收到中国证券登记结算有限责任公司出具的《证券 过户登记确认书》，公司回购专用证券账户中所持有的 475,000 股公司股票已于 2025 年 9 月 23 日以非交易过户的方式过户至"明新旭腾新材料股份有限公司－ ...

Group 1 - The core point of the article highlights the recent decline in the stock price of Mingxin Xuteng, which fell by 5.05% to 33.11 CNY per share, with a trading volume of 106 million CNY and a turnover rate of 1.94%, resulting in a total market capitalization of 5.368 billion CNY [1] Group 2 - Mingxin Xuteng New Materials Co., Ltd. is located in Jiaxing City, Zhejiang Province, and was established on December 7, 2005. The company was listed on November 23, 2020, and its main business involves the research and development, clean production, and sales of new materials for automotive interiors [1] Group 3 - From the perspective of major fund holdings, one fund under Huatai PineBridge has a significant position in Mingxin Xuteng. The Huatai Minying New Power Stock Fund (001541) reduced its holdings by 236,800 shares in the second quarter, now holding 498,200 shares, which accounts for 2.39% of the fund's net value, ranking as the eighth largest holding. The estimated floating loss today is approximately 876,800 CNY [2] - The Huatai Minying New Power Stock Fund (001541) was established on August 7, 2015, with a latest scale of 374 million CNY. Year-to-date returns are 38.96%, ranking 1023 out of 4222 in its category; the one-year return is 79.3%, ranking 971 out of 3813; and since inception, the return is 100.1% [2] - The fund manager of Huatai Minying New Power Stock Fund is Bian Zheng, who has been in the position for 3 years and 215 days. The total asset scale of the fund is 598 million CNY, with the best return during his tenure being 56.42% and the worst being 4.03% [2]

Investment Rating - The report suggests a focus on domestic strong alpha manufacturers such as BYD, Geely, and Xpeng, as well as companies involved in intelligent trends like Jianghuai Automobile and Seres, recommending companies like Li Auto, Kobot, Desay SV, and Jingwei Hengrun [2][3] Core Views - The automotive industry shows significant differentiation in mid-term reports, with the complete vehicle sector facing profit pressure due to intensified competition, while the parts sector exhibits positive signals driven by new business initiatives [3][4] - Investment should continue to focus on two main lines: technology (mainly intelligentization and robotics) and overseas expansion [3][4] Summary by Relevant Sections 1. Half-Year Report Summary - The automotive industry is experiencing notable differentiation in performance, with the complete vehicle sector under pressure from competition, while the parts sector shows positive signals due to new business initiatives [3] 2. Company Updates - **Sensata Group**: Actively expanding into robotics, low-altitude economy, and liquid cooling, with a dedicated team of 60-80 people [4] - **Kobot**: Expected to achieve revenue of 11-11.5 billion yuan and net profit of 1.45-1.5 billion yuan in the coming year, with strong growth potential in domain control [6] - **Fuda Co., Ltd.**: Recognized for its mature production processes in robotics, with a dual layout in screw and cycloidal gear reducers [7] - **Longsheng Technology**: Anticipates a turning point in the second half of the year, with significant value per vehicle for the Seres M7 [8] - **Baolong Technology**: Transitioning from automotive sensors to robotics, with a projected turning point in the third quarter [8] - **Jianghuai Automobile**: Transitioning to high-end intelligent vehicles, with projected revenue of 42.2 billion yuan in 2024 and a significant improvement in profitability expected with the launch of the high-end model [9][10] 3. Investment Recommendations - Focus on domestic strong alpha manufacturers and companies with strong performance growth, robotics layout, or overseas expansion capabilities [2][3] - Recommended companies include Fuyou Glass, New Spring Co., Ltd., Fuda Co., Ltd., and others, with a focus on Sensata Group and Top Group [2][3]

Investment Rating - The report rates the automotive industry as "Overweight," indicating that it is expected to outperform the overall market [2][3]. Core Insights - The automotive industry is experiencing significant divergence in performance, with the vehicle manufacturing sector facing profit pressure due to intensified competition. In contrast, the auto parts sector shows positive signals driven by new business initiatives, particularly in smart technology and robotics [3][4]. - The report emphasizes the importance of focusing on technological advancements, particularly in smart technology and international expansion, as key investment themes moving forward [3][4]. Summary by Relevant Sections 1. Half-Year Report Summary - The automotive industry shows a marked divergence in performance, with vehicle manufacturers under pressure from competition, while the auto parts sector benefits from new business initiatives [3]. - Investment focus should remain on technology, particularly in smart technology and robotics, as well as international expansion [3]. 2. Company Updates - **Sensata Technologies**: Actively expanding into robotics, low-altitude economy, and liquid cooling, with a dedicated team of 60-80 people for robotics [4]. - **Koboda**: Expected to report revenues of 11-11.5 billion yuan and net profits of 1.45-1.5 billion yuan in the upcoming year, with strong growth potential in domain control [6]. - **Fuda**: Recognized for its dual layout in screw and cycloidal gear reducers, with mature mass production processes [7]. - **Longsheng Technology**: Anticipates a turning point in the second half of the year, with significant value increase in products for the Seris M7 [9]. - **Baolong Technology**: Transitioning from automotive sensors to robotics, with expected growth in the third quarter [9]. 3. Jianghuai Automobile - Jianghuai Automobile is transitioning from traditional manufacturing to high-end intelligent vehicle production, with projected revenues of 42.2 billion yuan and a net loss of 1.784 billion yuan in 2024 [10]. - The company is collaborating with Huawei to launch the high-end model "Zun Jie S800," targeting luxury markets [11]. - Expected sales for the Zun Jie S800 are projected at 12,099 units in 2025, stabilizing at 20,000 units annually thereafter, indicating significant profit recovery potential [11]. 4. Investment Recommendations - The report recommends focusing on domestic leading manufacturers such as BYD, Geely, and Xpeng, as well as companies involved in smart technology like Jianghuai Automobile and Seris [2][3]. - It also suggests monitoring state-owned enterprise consolidations and parts manufacturers with strong growth prospects, such as Fuyao Glass and New Spring [2][3].

Core Viewpoint - The announcement details the pledge of shares by a major shareholder, Mr. Zhuang Yan, of Mingxin Xuteng New Materials Co., Ltd., indicating a total of 9,160,000 shares pledged, which represents 32.71% of his holdings and 5.65% of the company's total share capital [2][3]. Summary by Sections Share Pledge Details - Mr. Zhuang Yan has pledged 9,160,000 shares, which is 32.71% of his total holdings and 5.65% of the company's total share capital, calculated based on a total share capital of 162,141,320 shares as of August 31, 2025 [2]. - The pledge was processed on September 5, 2025, with the original pledge period set from September 4, 2024, to September 4, 2025, and extended to September 4, 2026 [2][3]. Shareholder's Pledge Situation - As of the announcement date, Mr. Zhuang Yan and his concerted actors have a total of 87,310,000 shares pledged, which constitutes 53.85% of their total holdings [3]. - The pledge does not involve new financing and is a continuation of previously pledged shares, indicating Mr. Zhuang Yan's sufficient risk control capabilities [3]. Impact on Company Operations - The pledged shares do not involve any performance compensation obligations and are not expected to adversely affect the company's operations or governance [3]. - The company will fulfill its information disclosure obligations in case of any significant changes regarding the pledged shares [3].