上海沿浦精工科技（集团）股份有限公司 第五届董事会独立董事专门会议 2025 年第二次会议审核意见 根据《上海证券交易所股票上市规则》《上市公司独立董事管理办法》等有 关法律法规和《上海沿浦精工科技（集团）股份有限公司章程》《上海沿浦精工 科技（集团）股份有限公司独立董事工作制度》《上海沿浦精工科技（集团）股 份有限公司独立董事专门会议制度》的有关规定，上海沿浦精工科技（集团）股 份有限公司（以下简称"公司"）于 2025 年 8 月 8 日以通讯方式召开了第五届 董事会独立董事专门会议 2025 年第二次会议，经全体独立董事一致同意，本次 会议豁免提前通知期限。会议的召集、召开和表决程序符合《上市公司独立董事 管理办法》等相关规定。会议应出席独立董事 3 人，实际出席独立董事 3 人。 独立董事本着独立客观的原则，就审议关于公司对外投资暨关联交易的议案的事 项发表如下审查意见： 经讨论，公司本次与关联方共同投资的交易符合公司战略布局需要，有利于 优化公司的整体产业布局，增强公司可持续发展能力；交易遵循自愿平等原则， 定价原则公允、合理，不存在损害公司和全体股东特别是中小股东利益的情形。 独立董事专门会议同意 ...

证券代码：605128 证券简称：上海沿浦 公告编号：2025-069 上海沿浦精工科技（集团）股份有限公司 关于投资设立控股子公司暨关联交易的公告 截至本次关联交易为止，过去 12 个月内，公司未与同一关联人进行交易或与不同关 联人进行过本次交易类别下标的相关的交易。 相关风险提示：截至本公告披露日，合资协议尚未签署，合资公司尚未设立，相关工 作正在推进中，本次交易存在一定的不确定性，敬请广大投资者注意投资风险。 本次交易构成关联交易。 根据《上市公司重大资产重组管理办法》的有关规定，本次交易不构成重大资产重组。 本次拟对外投资暨关联交易事项在董事会审批权限内，无需提交公司股东会审议。 一、关联交易概述 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。 重要内容提示 上海沿浦精工科技（集团）股份有限公司（以下简称"公司"或者"上海沿浦"）拟 与上海机器人产业技术研究院有限公司（以下简称"上海机器人产业技术研究院"）、蒲卫 东先生以及"持股平台"（即公司实际控制人张思成先生和周建清先生拟共同设立的有限合 伙企业，其中张思成 ...

Core Viewpoint - Shanghai Yanpu (605128.SH) plans to establish a joint venture, Shanghai Sinatek Intelligent Technology Co., Ltd., with a registered capital of 30 million yuan, aiming to enhance its position in the industrial robotics sector [1] Group 1: Joint Venture Details - The company will invest 15.3 million yuan, holding a 51% stake in the joint venture [1] - The joint venture will focus on the research, production, and sales of industrial robots [1] - This transaction is classified as a related party transaction and does not constitute a major asset restructuring, thus requiring no shareholder meeting approval [1] Group 2: Strategic Implications - The collaboration is expected to enable all parties involved to tap into a high-growth market, facilitating technological breakthroughs and industrial upgrades [1]

Summary of Shanghai Yanpu Conference Call Company Overview - Shanghai Yanpu has expanded its business from automotive to railway containers and high-speed train seats, achieving rapid revenue and profit growth over five years, with stock price increasing nearly fourfold, indicating the effectiveness of its diversification strategy [2][3] Key Developments - The company is actively developing the passenger car seat assembly business, having established a research and development team and invested in testing equipment. It is currently in discussions with several leading new energy vehicle brands, expecting to secure 3 to 5 seat assembly project orders, which could lead to significant business breakthroughs [2][4] - A robotics division has been established, attracting high-end talent and initiating technical collaborations. The company plans to launch a demo sample of its robotic body in Q4 of this year, signaling its proactive exploration in the robotics field [2][5] Market Position and Strategy - By the end of 2024, Shanghai Yanpu successfully implemented the T1 model, securing direct orders for seat skeletons from leading automotive platforms, thus eliminating reliance on secondary supplier Dongfeng Lear. This transition allows the company to directly engage with OEMs, significantly expanding its market share and growth potential [2][6] - The upgrade from seat skeletons to complete assemblies increases the per vehicle value from over 1,000 yuan to above 5,000 yuan, with high-end models exceeding 10,000 yuan. This transition potentially increases market capacity by at least five times, with substantial domestic replacement opportunities due to low localization rates [2][7] Financial Outlook - The current target market capitalization for Shanghai Yanpu is between 10 billion to 12 billion yuan. The expected performance for this year is between 180 million to 200 million yuan, and for next year, it is projected to be between 270 million to 300 million yuan, corresponding to a valuation of around 20 times [2][4][8] - If the company secures significant project orders, its long-term revenue potential could exceed 8 billion yuan, with a corresponding valuation potential of at least 5 billion yuan. Additionally, advancements in the robotics business could further enhance the company's valuation [2][8] Industry Context - The domestic passenger car seat market is approximately 150 billion yuan, while the global market is around 500 billion yuan, with a localization rate of less than 30%. The top five companies in this sector are foreign Tier One or joint venture enterprises, indicating substantial domestic replacement opportunities [2][7]

Group 1 - The company held a half-year performance briefing on August 1, 2025, to address investor concerns and provide insights into its financial performance [1] - The company reported a quarter-on-quarter revenue increase of 11.62% and a net profit increase of 37.47% for Q2 2025 compared to Q1 2025 [3] - The company's debt-to-asset ratio improved from 30.72% at the end of Q1 2025 to 28.58% at the end of Q2 2025 [3] Group 2 - The company is focusing on its existing product lines, including automotive seat frame assemblies, precision stamping parts, and precision injection molded parts, while also aiming for long-term development in the automotive complete seat and robotics sectors [3] - The company has completed the first phase of technical reserves for key components in its robotics division and is actively recruiting high-end talent and building specialized teams [4] - The first phase of technical reserves includes the technology for the complete machine and core components such as robotic arms, with future directions aimed at replacing a majority of manufacturing processes with robotics [5]

证券代码：605128 证券简称：上海沿浦 公告编号：2025-068 上海沿浦精工科技（集团）股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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个别及连带责任。 上海沿浦精工科技（集团）股份有限公司（以下简称"公司"）于 2025 年 08 月 01 日(星 期五)上午 10:00-11:00 在上海证券交易所"上证路演中心"（网址：http://roadshow.ssei nfo.com/）以网络互动交流方式召开了 2025 年半年度业绩说明会，现将说明会召开情况公告 如下： 一、本次业绩说明会召开情况 2、公司未来在业绩增长方面的产品线，或者合作客户的情况如何？ 3、半年度业绩发布后公司股价并没有企稳，反而下跌，公司在市值管理方面有哪些举措？ 1 回答一：本次业绩说明会的开展形式是按照规定的方式披露的，投资者如果想对公司有 进一步的了解，欢迎投资者以现场调研、电话会议等形式对公司进行调研。 2025 年二季度相较于一季度的主要改善：营业收入环比增加了 11.62%，归母净 ...

Group 1 - The core focus of Shanghai Yanpu is on the research, production, and sales of automotive components, including seat frame assemblies and high-precision stamping and injection parts widely used in automotive seating and safety systems [1][2] - The company has established strong partnerships with well-known automotive parts manufacturers such as Dongfeng Lear Group and Magna, positioning itself as a key strategic supplier [2] - Shanghai Yanpu was listed on the Shanghai Stock Exchange on September 15, 2020, under the stock code 605128 [3] Group 2 - The recent name change of the company aims to strengthen its strategic positioning in "high-end manufacturing + technological innovation" and enhance resource integration efficiency and market competitiveness [4] - The company has successfully launched a wholly-owned subsidiary in Jinhua, Zhejiang Province, to capitalize on the rapid growth of the new energy vehicle market, further enhancing its regional support capabilities [5] - Since its listing, the company has distributed a total of 1.52 billion yuan in cash dividends from 2020 to 2024, representing approximately 36% of the cumulative net profit attributable to shareholders during this period [6]

Group 1: Macro and Strategy Insights - The macro view for August indicates a stable policy environment with an upward shift in risk appetite, suggesting that industrial growth will remain a key theme [7] - The strategy outlook highlights an "extension of offensive trends" in the market, with a recommendation to maintain positions and selectively increase holdings as the A-share market shows a bullish trend [8] - The quantitative perspective suggests breaking the deflationary spiral, with expectations for a cyclical upswing in the market [9] Group 2: Selected Stocks for August - The selected stocks for August include China Pacific Insurance (non-bank), China Shipbuilding Industry (military), Shanghai Yanpu (large manufacturing), Weilan Lithium (electric new energy), Wanjun Technology (computer), Guomai Culture (media), Baiwei Storage (consumer electronics), Huaxi Nonferrous Metals (non-ferrous), Sun Paper (light industry), and Tigermed (pharmaceutical) [11] - China Pacific Insurance is positioned as a leading insurance company with a strong background, expected to benefit from its transformation and increase in new business value [12] - China Shipbuilding Industry is identified as a leader in naval defense, benefiting from advancements in deep-sea technology and a growing market for underwater monitoring systems [17] - Shanghai Yanpu is noted for its potential in the seating market, with a platform transformation expected to enhance performance and market share [20] - Weilan Lithium is recognized for its robust main business and potential for valuation upgrades due to new product developments [25] - Wanjun Technology is highlighted for its long-standing expertise in creative software, with AI product commercialization expected to accelerate growth [28] - Guomai Culture is anticipated to benefit from the release of its animated film "The Stars of the Three Kingdoms," which is expected to drive revenue [32] - Baiwei Storage is positioned to benefit from the upward cycle in the storage industry, with a focus on advanced packaging technology [38] - Huaxi Nonferrous Metals is expected to see price increases in tin and antimony, driven by strong demand and limited supply [43] - Sun Paper is projected to benefit from industry stabilization and cost advantages from its integrated operations [50] - Tigermed is positioned to gain from the growing demand for clinical CRO services as the innovative drug sector expands [55]

（原标题：基金最新动向：走访这27家公司） 昨日基金共对27家公司进行调研，扎堆调研慧辰股份、上海沿浦、晶科能源等。 证券时报•数据宝统计，7月31日共35家公司被机构调研，按调研机构类型看，基金参与27家公司的调研活动，其中，10家以上基金扎堆调研公司 共10家。慧辰股份最受关注，参与调研的基金达47家；晶科能源、上海沿浦等分别获27家、27家基金集体调研。 基金参与调研的公司中，按所属板块统计，深市主板公司有7家，创业板公司有2家，沪市主板公司有13家，科创板公司有5家。所属行业来看，基 金调研的公司共涉及14个行业，所属电子、汽车等行业个股最多，均有4只个股上榜。 从基金调研公司的A股总市值统计，总市值在500亿元以上的共有3家，其中总市值超千亿元的有胜宏科技、国信证券等，总市值不足100亿元的有 13家，分别是山高环能、中润光学、维力医疗等。 近五日涨跌: -3.57% 市场表现上，基金调研股中，近5日上涨的有11只，涨幅居前的有胜宏科技、慧辰股份、电子城等，涨幅为24.08%、8.18%、6.91%；下跌的有16 只，跌幅居前的有兰生股份、中铁工业、晶科能源等，跌幅为19.87%、17.53%、7. ...

Core Viewpoint - The company reported a decline in revenue for the first half of 2025, but a significant increase in net profit, indicating improved operational efficiency and profitability despite lower sales volume [1]. Group 1: Financial Performance - In H1 2025, the company achieved revenue of 916 million yuan, a year-on-year decrease of 7.2%, while net profit attributable to shareholders was 78 million yuan, up 26.0% year-on-year, and non-recurring net profit was 77 million yuan, an increase of 35.6% year-on-year [1]. - For Q2 2025, the company reported revenue of 483 million yuan, a year-on-year increase of 15.6% and a quarter-on-quarter increase of 11.6%. Net profit for the same period was 45 million yuan, reflecting a year-on-year growth of 50.7% and a quarter-on-quarter growth of 37.2% [2]. - The gross margin for Q2 2025 reached 18.4%, an increase of 0.9 percentage points year-on-year, attributed to ongoing product structure optimization and improvements in production efficiency [3]. Group 2: Business Development - The company has expanded its customer base significantly, moving from partnerships with the Lear Group to covering mainstream Tier 1 suppliers, with new orders expected to contribute approximately 6.059 billion yuan in revenue over the next five years [4]. - The company is diversifying its business by entering the railway sector, having won a bid for a railway container project worth 587 million yuan, set to commence production in October 2023 [5]. - The company is also developing its high-speed rail seating business and has obtained the necessary supply qualifications, indicating a strategic move to enhance its product offerings [5]. Group 3: Future Projections - Revenue projections for 2025 to 2027 are estimated at 3.139 billion yuan, 4.091 billion yuan, and 5.114 billion yuan respectively, with net profits expected to reach 207 million yuan, 297 million yuan, and 386 million yuan [6][7]. - The company anticipates a steady growth rate in revenue and net profit, with corresponding earnings per share (EPS) projected to be 0.98 yuan, 1.41 yuan, and 1.83 yuan for the years 2025 to 2027 [6][7].