Core Viewpoint - The actual controller of Shanghai Yanpu, Zhou Jianqing, plans to reduce his stake in the company amid declining revenue, indicating personal financial needs and raising concerns about the company's future performance [1][2]. Group 1: Shareholding and Reduction - Zhou Jianqing intends to reduce his holdings by up to 633 million shares, which represents approximately 2.998% of the company's total shares [2][3]. - As of the announcement date, Zhou holds 67.73 million shares, accounting for 32.08% of the total shares, all of which are unrestricted circulating shares [2][3]. Group 2: Financial Performance - In Q1 2025, the company reported revenue of 433 million yuan, a year-on-year decrease of 23.92%, while net profit was 32.84 million yuan, an increase of 2.49% [1][7]. - For the year 2024, the company achieved revenue of 2.276 billion yuan, a year-on-year increase of 49.90%, and net profit of 137 million yuan, up 50.31% [7]. - The company's net profit has shown significant fluctuations from 2021 to 2023, with figures of 70.48 million yuan, 45.74 million yuan, and 91.18 million yuan, reflecting year-on-year changes of -13.24%, -35.10%, and 99.32% respectively [6][7]. Group 3: Project Delays and Funding - The company has faced delays in its fundraising projects, specifically the "Jingmen Yanpu Automotive Parts Co., Ltd. Great Wall Motor Seat Frame Project," which has been postponed twice, now expected to reach operational status by June 2025 [4][5][6]. - The total amount raised through convertible bonds was 384 million yuan, with 71% of the funds utilized as of the end of 2024 [4].

本次减持计划自公告披露之日起15个交易日后的3个月内实施，且在任意连续90日内，以集中竞价交易 方式减持的股份数量不超过公司股份总数的1.00%；以大宗交易方式减持的股份数量不超过公司股份总 数的2.00%。 在减持计划实施期间，公司若发生派发红利、送红股、资本公积金转增股本、回购股份注销、增发新股 或配股等股份变动事项，上述减持数量将进行相应调整。 截止公告披露日，周建清直接持有公司股份67,732,718股，占公司股份总数的32.08%。周建清不存在一 致行动人。 中国经济网北京6月19日讯上海沿浦（605128）(605128.SH)昨晚披露的关于控股股东、实际控制人减持 股份计划的公告显示，公司控股股东、实际控制人周建清因个人资金需求，拟通过集中竞价交易方式减 持其所持有的公司股份合计不超过2,110,000股，即不超过公司股份总数的0.9993%，拟通过大宗交易方 式减持其所持有的公司股份合计不超过4,220,000股，即不超过公司股份总数的1.9987%，周建清本次合 计减持不超过公司股份总数的2.9980%。 上海沿浦本次发行费用合计5212.27万元，其中保荐机构中银国际证券股份有限公司获得承 ...

证券代码：605128 证券简称：上海沿浦 公告编号：2025-056 减持计划的主要内容 上海沿浦金属制品股份有限公司 关于控股股东、实际控制人减持股份计划的公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截止本公告披露日，上海沿浦金属制品股份有限公司（以下简称 "公司"） 控股股东、实际控制人周建清先生直接持有本公司股份 67,732,718 股，占公司 股份总数的 32.08%。周建清先生不存在一致行动人。 上述股份均为公司 IPO 前取得的股份（30,715,000 股）及公司上市后的历 年权益分派时以资本公积转增股本方式取得的股份（37,017,718 股），截至本公 告披露日，67,732,718 股均为无限售条件流通股。 周建清先生因个人资金需求，拟通过集中竞价交易方式减持其所持有的公司 股份合计不超过 2,110,000 股，即不超过公司股份总数的 0.9993%，拟通过大宗 交易方式减持其所持有的公司股份合计不超过 4,220,000 股，即不超过公司股份 ...

Summary of Key Points Core Viewpoint - The announcement details the share reduction plan of the controlling shareholder and actual controller of Shanghai Yanpu Metal Products Co., Ltd., Mr. Zhou Jianqing, due to personal financial needs, involving a total reduction of up to 6,330,000 shares, which is approximately 2.9980% of the company's total shares [1][2]. Shareholder Holding Situation - As of the announcement date, Mr. Zhou Jianqing directly holds 67,732,718 shares, accounting for 32.08% of the company's total shares. All these shares are unrestricted tradable shares [1][2]. Reduction Plan Details - Mr. Zhou plans to reduce his holdings through two methods: - A maximum of 2,110,000 shares via centralized bidding, which is about 0.9993% of the total shares - A maximum of 4,220,000 shares via block trading, which is about 1.9987% of the total shares - The total reduction will not exceed 2.9980% of the company's total shares and will be implemented within three months starting from 15 trading days after the announcement [1][2]. Conditions for Adjustment - If there are any changes in share capital, such as dividends, bonus shares, or capital increases during the reduction period, the reduction numbers will be adjusted accordingly [2]. Commitment and Compliance - Mr. Zhou has previously committed not to transfer or manage his shares for 36 months post-IPO and has outlined specific conditions under which he can reduce his holdings, including a maximum of 25% of his shares per year while serving as a director or senior management [3][4].

上海沿浦（605128）公告，控股股东、实际控制人周建清因个人资金需求，拟通过集中竞价交易方式减 持不超过211万股，即不超过公司股份总数的0.9993%，通过大宗交易方式减持不超过422万股，即不超 过公司股份总数的1.9987%，合计减持不超过公司股份总数的2.9980%。减持计划自公告披露之日起15 个交易日后的3个月内实施。 ...

Core Points - The company is set to list 17,260,261 shares through a non-public offering, with the circulation date scheduled for June 18, 2025 [2][3][15] - The total number of shares after the issuance will increase from 118,405,160 to 129,989,228, with the newly issued shares representing 8.91% of the total [10][11] - The actual funds raised from the issuance amount to approximately RMB 375.31 million after deducting issuance costs [6] Group 1: Issuance Details - The shares will be issued to specific investors at a price of RMB 32.89 per share [6] - The issuance was approved by the Shanghai Stock Exchange and the China Securities Regulatory Commission [5][6] - The shares will be subject to a six-month lock-up period post-issuance [8][14] Group 2: Share Structure Changes - Following the issuance, the company’s total share capital will increase, with 11,584,068 shares being subject to trading restrictions [10][11] - The company’s convertible bonds will also contribute to share capital changes, with a total of 12,082,366 shares converted from bonds between January 1 and March 31, 2025 [11] - The total share capital will further increase to 211,138,706 shares after a capital reserve distribution in May 2025 [12][13] Group 3: Compliance and Verification - The underwriting institution confirmed that all shareholders complied with their commitments regarding the issuance [15] - The company’s information disclosure related to the issuance has been deemed accurate and complete [15]

上海沿浦金属制品股份有限公司 关于向特定对象发行限售股上市流通的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为非公开发行股份（向特定对象发行 A 股股票）； 股票认购方式为网下，上市股数为17,260,261股。 本次股票上市流通总数为17,260,261股。 本次股票上市流通日期为2025 年 6 月 18 日。 证券代码：605128 证券简称：上海沿浦 公告编号：2025-055 一、本次限售股上市类型 1、本次限售股上市类型：向特定对象发行 A 股股票限售股。 2、监管部门审核 2024 年 4 月 24 日，，上海沿浦金属制品股份有限公司（以下简称"公司"）收到 上海证券交易所上市审核中心《关于上海沿浦金属制品股份有限公司向特定对象发行股 票审核意见的通知》，上海证券交易所上市审核中心对公司向特定对象发行 A 股股票的 申请文件进行了审核，认为公司向特定对象发行股票申请符合发行条件、上市条件和信 息披露要求。 2024 年 5 月 30 日，公司收到中国证监会出具的《关于 ...

国泰海通证券股份有限公司 关于上海沿浦金属制品股份有限公司 向特定对象发行股票限售股上市流通的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 上海沿浦金属制品股份有限公司（以下简称"上海沿浦"或"公司"）向特定对 象发行股票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交 易所股票上市规则》《上海证券交易所上市公司自律监管指引第 11 号——持续 督导》等法律法规的相关规定，对上海沿浦向特定对象发行股票限售股上市流通 的事项进行了核查，核查情况及核查意见如下： 一、本次上市流通的限售股类型 2024 年 5 月 30 日，中国证券监督管理委员会（以下简称"中国证监会"） 向公司出具了《关于同意上海沿浦金属制品股份有限公司向特定对象发行股票注 册的批复》（证监许可〔2024〕860 号），本次发行的注册申请经中国证监会同 意，该批复自同意注册之日起 12 个月内有效。 本次向特定对象发行股票新增股份于 2024 年 12 月 18 日在中国证券登记结 算有限责任公司上海分公司（以下简称"中登上海分公司"）办理完毕登记托管 相关事宜。中登上海分公司出具了《证券变更登记证明 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The company is expected to see a performance inflection point in Q2 2025 due to increased downstream customer demand and reduced financial pressure [1][9] - The company has introduced its "automotive seat business" in its annual report, indicating a significant market opportunity with low domestic replacement rates [3] - Revenue and profit forecasts for 2025-2027 show strong growth, with expected revenues of 33 billion, 43 billion, and 48 billion respectively, and net profits of 2.5 billion, 3.5 billion, and 4.5 billion [4] Summary by Sections Financial Performance - In Q1 2025, revenue decreased by approximately 24% due to weak downstream customer sales, particularly the significant drop in sales of the Wanjie M7 model [2] - The company's gross margin improved to 19%, a year-on-year increase of 6 percentage points, driven by a higher proportion of high-margin front-row products [2] - The company anticipates a total reduction of 455 million in cash outflows from financing from 2025 to 2028, along with a decrease in financial expenses by 72 million over the same period [2] Future Outlook - The company is positioned to benefit from the upcoming launches of the upgraded Wanjie M7 and the new M8 model, which are expected to significantly boost revenue in Q2 2025 [9] - The company is also exploring opportunities to become a supplier for rising automotive brands like Leap Motor, which is experiencing rapid sales growth [9] - The release of production capacity in Huizhou and Zhengzhou is expected to alleviate capacity constraints and enhance the company's core business performance [10]

证券代码：605128 债券代码：111008 证券简称：上海沿浦 债券简称：沿浦转债 上海沿浦金属制品股份有限公司 公开发行可转换公司债券 受托管理事务报告（2024 年度） 债券受托管理人 上海市浦东新区银城中路200号中银大厦39楼 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》" ）、《上海沿浦金属制品股份有限公司公开发行可转换公司债券之债券受托管 理协议》（以下简称"《受托管理协议》"）、《上海沿浦金属制品股份有限公 司公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）、《 上海沿浦金属制品股份有限公司2024年年度报告》等相关公开信息披露文件、 第三方中介机构出具的专业意见等，由本期债券受托管理人中银国际证券股份 有限公司（以下简称"中银证券"）编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜做出独立判断，而不应将本报告中的任何内容据以作为中银证券所作的承 诺或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，中 银证券不承担任何责任。 2 | 第一节 本期债券情况 | 4 | | --- | - ...