关于以集中竞价交易方式回购股份的进展公告 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： | 回购方案首次披露日 | 2025/4/11 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 8,000万元~12,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | 累计已回购股数 | 8.6万股 | | 累计已回购股数占总股本比例 | 0.0467% | | 累计已回购金额 | 295.63万元 | | 实际回购价格区间 | 34.12元/股~34.66元/股 | 注:上述表格总股本按照 2025 年 4 月 30 日总股本（即 184,248,538 股）计算。 一、回购股份的基本情况 2025 年 4 月 10 日，公司召开 2025 年第一次临时董事会和 2025 年第一次临 时监事会，审议通过《关于以集中竞价交易方式回购公司股份的预案》，同意公司 ...

证券代码：605088 证券简称：冠盛股份 公告编号：2025-040 债券代码：111011 债券简称：冠盛转债 温州市冠盛汽车零部件集团股份有限公司 关于"冠盛转债"转股数量累计达到转股前 公司已发行股份总额 10%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： ●累计转股情况：截至 2025 年 4 月 30 日，累计共有 295,589,000.00 元"冠 盛转债"已转换成公司股票，累计转股数 16,978,838 股，占可转债转股前公司 已发行股份总额的 10.2409%。 ●未转股可转债情况：截至 2025 年 4 月 30 日，尚未转股的"冠盛转债"金 额为人民币 306,061,000，占冠盛转债发行总量的比例为 50.8703%。 一、可转债发行上市概况 （一）经中国证券监督管理委员会出具的《关于核准温州市冠盛汽车零部件 集团股份有限公司公开发行可转换公司债券的批复》（证监许可[2022]2865 号） 的核准，温州市冠盛汽车零部件集团股份有限公司（以下简称"公司"）于 2023 年 ...

Investment Rating - The investment rating for the company is "Accumulate" (Maintain) [1] Core Views - The company has shown strong revenue growth, with a 2025 Q1 revenue of 889 million yuan, representing an 18.65% year-on-year increase, and a net profit of 84 million yuan, up 26.84% year-on-year, exceeding market expectations [4][5] - The company is accelerating its solid-state battery business, having established a research institute in collaboration with Dongchi and is actively pursuing production capacity and overseas market expansion [7][8] - The company has signed a strategic agreement with Tianlian Robotics to develop specialized bearings for robots, enhancing its position in the robotics industry [9] Financial Performance and Forecast - The company’s revenue is projected to grow from 3,180 million yuan in 2023 to 7,379 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 22% [4] - Net profit is expected to increase from 284 million yuan in 2023 to 582 million yuan in 2027, with a notable growth rate of 28% in 2025 [4] - Earnings per share (EPS) is forecasted to rise from 1.55 yuan in 2023 to 3.18 yuan in 2027, reflecting strong profitability [4] Market Position and Competitive Advantage - The company has a limited dependency on the U.S. market, with only 17.3% of its revenue coming from the U.S., and has established a supply chain center in Malaysia to enhance its competitiveness [6] - The company’s solid-state battery technology is positioned as a leader in the industry due to its low cost, high safety, and long cycle life [7] - The strategic partnership with Tianlian Robotics is expected to strengthen the company's technical capabilities and open new markets in the robotics sector [9]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company's Q1 2025 net profit exceeded expectations, with a year-on-year increase of 27% and a quarter-on-quarter increase of 9%. The revenue for Q1 2025 was 893 million yuan, representing a year-on-year growth of 19% but a quarter-on-quarter decline of 21% [1][3] - The solid-state battery business is expected to gradually reach production capacity starting mid-2026, while the robot bearing business is further expanding growth potential. The projected net profits for 2025-2027 are 394 million, 467 million, and 584 million yuan, respectively, with corresponding EPS of 2.15, 2.55, and 3.19 yuan, and PE ratios of 16, 13, and 11 times [3][4] Financial Performance Summary - In Q1 2025, the gross margin was 25.18%, a decrease of 1.2 percentage points year-on-year but an increase of 2.6 percentage points quarter-on-quarter. The net margin was 9.25%, with a year-on-year increase of 0.5 percentage points and a quarter-on-quarter increase of 2.6 percentage points [1][4] - The company’s total revenue is projected to grow from 3,180 million yuan in 2023 to 8,970 million yuan in 2027, with year-on-year growth rates of 8.1%, 26.4%, 21.5%, 36.3%, and 34.8% respectively [5] - The net profit attributable to the parent company is expected to increase from 284 million yuan in 2023 to 584 million yuan in 2027, with year-on-year growth rates of 19.5%, 4.8%, 32.1%, 18.6%, and 25.0% respectively [5] Business Development Summary - The company’s main business is progressing steadily, with limited impact from U.S. tariffs due to the unique position of the domestic auto parts aftermarket industry. North America accounts for approximately 23% of revenue, and the company has sufficient production capacity flexibility [4] - The semi-solid battery business is set to begin shipments in 2026, with a planned production capacity of 2.1 million cells and systems, which is expected to significantly enhance revenue and profit. The company has strategic partnerships for robot bearings to leverage market resources and sales channels [4][3]

注:上述表格总股本按照 2025 年 4 月 8 日总股本（即 183,157,724 股）计算。 一、回购股份的基本情况 2025 年 4 月 10 日，公司召开 2025 年第一次临时董事会和 2025 年第一次临 时监事会，审议通过《关于以集中竞价交易方式回购公司股份的预案》，同意公司 使用自有资金及自筹资金以集中竞价交易方式回购公司股份用于员工持股计划或 者股权激励，回购价格不超过人民币 56.05 元/股（含），回购资金总额不低于 8,000 万元（含）且不超过 12,000 万元（含），回购期限为自董事会审议通过回购股份 方案之日起 12 个月内。 证券代码：605088 证券简称：冠盛股份 公告编号：2025-039 温州市冠盛汽车零部件集团股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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： | 回购方案首次披露日 | 2025/4/11 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回 ...

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [1][12][19] - The first quarter financial statements are unaudited [2][5] - The company has implemented new accounting standards starting January 1, 2024, affecting the financial statements [4][6] Financial Data - The company reported significant changes in accounting data and financial indicators, with specific adjustments made to operating costs and sales expenses due to the new accounting policy [4][6] - The impact of the new accounting standards on the first quarter's operating costs was 7,427,258.86 yuan, while sales expenses were adjusted by the same amount [4] Shareholder Information - The company has confirmed the total number of shareholders and the status of major shareholders, although specific details were not disclosed in the provided documents [3] Meeting Proceedings - The second temporary supervisory board meeting was held on April 28, 2025, where the first quarter report was approved unanimously by all attending supervisors [7][8][9] - The second temporary board meeting also took place on April 28, 2025, with all directors present, and the first quarter report was approved unanimously [13][16][17]

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [2][18]. Core Views - The company's Q1 2025 performance exceeded expectations, with revenue of 889 million yuan, a year-on-year increase of 19%, and a net profit of 84 million yuan, up 27% year-on-year. The growth is attributed to increased demand in downstream markets, particularly in Europe [2][8]. - The solid-state battery business is progressing steadily, with partial production expected to commence at the Wenzhou factory by the end of 2025. The company is also working on overseas brand registration and product certification [8][9]. - The collaboration with Tianlian Robotics aims to expand product offerings in the robotics sector, enhancing the company's market reach [8][9]. Financial Summary - Total revenue is projected to grow from 4,020 million yuan in 2024 to 6,946 million yuan in 2027, with a compound annual growth rate (CAGR) of 26.4% [4]. - Net profit is expected to increase from 298 million yuan in 2024 to 589 million yuan in 2027, with a CAGR of 31.4% [4]. - The company's earnings per share (EPS) is forecasted to rise from 1.64 yuan in 2024 to 3.24 yuan in 2027, reflecting strong profitability growth [4][9]. Market Position - The company has a total market capitalization of approximately 58.98 billion yuan, with a circulating market value of 57.31 billion yuan [5]. - The asset-liability ratio stands at 54.86%, indicating a balanced financial structure [5]. - The stock price as of April 28, 2025, is 32.20 yuan, with a target price range of 41.3 to 51.6 yuan based on a price-to-earnings (P/E) ratio of 20-25 times [2][4].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q1 2025 performance exceeded expectations, showcasing both resilience and flexibility. The Q1 revenue reached 893 million yuan, a year-on-year increase of 19%, while the net profit attributable to the parent company was 84 million yuan, up 27% year-on-year [7] - The report emphasizes that the company has a stable and sustainable gross margin of 25.2% in Q1 2025, despite a slight year-on-year decline of 1.2 percentage points [7] - The company is well-positioned to handle short-term tariff impacts due to its global operations and established pricing power in the North American market [7] - The report highlights the company's strong growth potential in the automotive aftermarket and its strategic initiatives in robotics and solid-state battery sectors, which are expected to drive future growth [7] Financial Summary - For the fiscal year 2024, the company is projected to achieve a revenue of 4,020 million yuan, with a year-on-year growth of 26.4%. The net profit attributable to the parent company is expected to be 298 million yuan, reflecting a growth of 4.8% [5] - The company forecasts a steady increase in revenue and net profit for the years 2025 to 2027, with net profit estimates of 380 million yuan in 2025, 456 million yuan in 2026, and 581 million yuan in 2027, corresponding to growth rates of 27.5%, 19.9%, and 27.6% respectively [5][7] - The report projects a consistent improvement in key financial ratios, including a return on equity (ROE) expected to rise from 12.3% in 2024 to 15.0% in 2027 [5] Market Position and Strategy - The company is recognized for its robust position in the global automotive aftermarket, which is characterized by stable demand and growth potential [7] - The collaboration with Sichuan Tianlian in the robotics sector and advancements in solid-state battery technology are seen as significant catalysts for future growth [7] - The report suggests that the company has the financial strength and willingness to expand its business into new areas, enhancing its overall market competitiveness [7]

| 证券代码：605088 | 证券简称：冠盛股份 | 公告编号：2025-036 | | --- | --- | --- | | 债券代码：111011 | 债券简称：冠盛转债 | | 经审核，监事会认为：公司 2025 年第一季度报告的编制和审议程序符合法 律、行政法规、中国证监会和公司章程等各项规定，报告的内容能够真实、准确、 完整地反映公司 2025 年第一季度的经营情况。 具体内容详见公司同日在上海证券交易所网站（http://www.sse.com.cn） 披露的《公司 2025 年第一季度报告》（公告编号：2025-037）。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 温州市冠盛汽车零部件集团股份有限公司 2025 年第二次临时监事会决议公告 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个别及连带责任。 一、 监事会会议召开情况 温州市冠盛汽车零部件集团股份有限公司（以下简称"公司"）2025 年第二 次临时监事会于 2025 年 4 月 26 日以书面、邮件等方式发出通知，并于 2025 年 4 月 28 ...

| 证券代码：605088 | 证券简称：冠盛股份 | 公告编号：2025-035 | | --- | --- | --- | | 债券代码：111011 | 债券简称：冠盛转债 | | 温州市冠盛汽车零部件集团股份有限公司 2025 年第二次临时董事会决议公告 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个别及连带责任。 表决情况：同意 8 票，反对 0 票，弃权 0 票。 表决结果：通过。 公司审计委员会已对本议案进行事前审议，并发表了同意的意见。 （二）审议通过《2024 年度环境、社会及治理（ESG）报告》 具体内容详见公司同日在上海证券交易所网站（http://www.sse.com.cn） 披露的《2024 年度环境、社会及治理（ESG）报告》（公告编号：2025-038）。 一、董事会会议召开情况 温州市冠盛汽车零部件集团股份有限公司（以下简称"公司"）2025 年第 二次临时董事会于 2025 年 4 月 26 日以书面、邮件等方式发出通知，并于 2025 年 4 月 28 日在公司会议室召开。本次会议以现场结合通讯的 ...