上海沿浦精工科技（集团）股份有限公司 关于公司开立募集资金补流专项账户并签署三方监管协议及 四方监管协议的公告 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、募集资金基本情况 1、公开发行可转换公司债券 经中国证券监督管理委员会《关于核准上海沿浦金属制品股份有限公司公开发行可转换 公司债券的批复》（证监许可[2022]2211 号）核准，上海沿浦精工科技（集团）股份有限公 司（2025 年 7 月 16 日起，原公司名称上海沿浦金属制品股份有限公司更名为上海沿浦精工 科技（集团）股份有限公司）（以下简称"公司"或"上海沿浦"）于 2022 年 11 月 2 日向 社会公开发行可转换公司债券 384 万张，每张面值为人民币 100 元，募集资金总额为人民币 384,000,000.00 元，期限 6 年，扣除承销与保荐费用（不含增值税）人民币 4,347,169.81 元， 实际收到可转换公司债券募集资金人民币 379,652,830.19 元。该款项由中银国际证券股份有 限公司于 2022 年 11 月 8 日汇入到上海 ...

证券代码：605128 证券简称：上海沿浦 公告编号：2025-091 上海沿浦精工科技（集团）股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 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： 一、募集资金基本情况 1、公开发行可转换公司债券 经中国证券监督管理委员会《关于核准上海沿浦金属制品股份有限公司公开发行可转换 公司债券的批复》（证监许可[2022]2211 号）核准，上海沿浦于 2022 年 11 月 2 日向社会公开 发行可转换公司债券 384 万张，每张面值为人民币 100 元，募集资金总额为人民币 384,000,000.00 元，期限 6 年，扣除承销与保荐费用（不含增值税）人民币 4,347,169.81 元， 现金管理受托方：金融机构 本次现金管理金额：使用不超过人民币 6,000 万元公开发行可转换公司债券募集资 金及不超过人民币 32,000 万元向特定对象发行股票募集资金，该额度内滚动使用。 现金管理产品名称：安全性高、流动性好、中低风险等级的投资理财产品。 上海沿浦精工科技 ...

上海沿浦精工科技（集团）股份有限公司 关于第五届董事会第二十七次会议决议的公告 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。 一、董事会会议召开情况 证券代码：605128 证券简称：上海沿浦 公告编号：2025-089 公司在确保公司募投项目所需资金和保证募集资金安全的前提下对部分暂时闲置募集资 金适时进行现金管理，不会影响公司日常资金正常周转的需要和募集资金项目的正常运转， 也不会影响公司主营业务的正常发展，并且可以提高募集资金使用效率，获得一定的投资收 益。因此公司董事会同意公司使用最高不超过人民币 6,000 万元公开发行可转换公司债券募 集资金及不超过 32,000 万元向特定对象发行股票募集资金的暂时闲置募集资金进行现金管理。 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 12 月 3 日上午 9 点在公司会议室召开第五届董事会第二十七次会议。会议通知于 2025 年 12 月 1 日以专人 送达、电话及电子邮件方式发出。本次会议由公司董事长周建清先生召集和主持，会议应出 席董事 ...

（文章来源：证券日报） 证券日报网讯 12月1日晚间，上海沿浦发布公告称，公司已经将用于暂时补充流动资金的人民币16， 000.00万元向特定对象发行股票的闲置募集资金提前归还至对应的募集资金专用账户，并已及时将上述 向特定对象发行股票募集资金的归还情况告知保荐机构国泰海通证券股份有限公司及保荐代表人。 ...

上海沿浦精工科技（集团）股份有限公司（以下简称"公司"）于 2024 年 12 月 18 日召 开的第五届董事会第十四次会议、第五届监事会第十次会议，审议通过了《关于使用部分闲 置募集资金暂时补充流动资金的议案》，同意公司及子公司在不影响本次募投项目的募集资金 使用的情况下，将其中部分暂时闲置的向特定对象发行股票的募集资金不超过 3.5 亿元暂时 补充流动资金，使用期限自董事会审议通过之日起不超过 12 个月。具体内容详见公司于 2024 年 12 月 19 日在上海证券交易所网站（www.sse.com.cn）及指定媒体披露的《上海沿浦 金属制品股份有限公司关于使用部分闲置募集资金暂时补充流动资金的公告》（公告编号 2024-090）。 自公司第五届董事会第十四次会议审议批准之日（2024 年 12 月 18 日）开始，截至本公 告披露日，公司累计使用向特定对象发行股票的闲置募集资金暂时补充流动资金的总额是人 民币 23,000.00 万元。 2025 年 4 月 24 日，公司已经将用于暂时补充流动资金的人民币 7,000.00 万元向特定对 象发行股票的闲置募集资金提前归还至对应的募集资金专用账户，并已 ...

Core Insights - The report indicates that market volatility is driven by fluctuations in win rates rather than a complete reversal, suggesting that the index is expected to remain in a state of oscillation [5][6] - The overall market liquidity remains ample, with margin financing balances at 2.46 trillion yuan, placing it in the 97.5th percentile over the past three years [3] - The report highlights that the recent market decline reflects a phase of win rate logic fluctuations, primarily influenced by external factors such as the Federal Reserve's interest rate decisions and concerns over AI-related debt [3][4] Market Analysis - The technology sector continues to face adjustments primarily due to expectation volatility, with the AI industry chain experiencing high valuations and limited upside potential [4] - Defensive demand and a slight recovery in domestic inflation are benefiting dividend and cyclical styles, as indicated by a 0.2% year-on-year increase in October CPI, marking the first positive change in four months [4] - The report notes that the win rate logic has not shifted, with the Federal Reserve's interest rate trajectory remaining below expectations, while the U.S. economy may require further rate cuts [5] Investment Strategy - The report suggests a focus on sectors with lower crowding within technology, such as gaming and media, while also recommending global pricing resources like gold and copper due to the backdrop of overseas rate cuts and fiscal expansion [6] - The December stock selection includes a mix of ETFs and individual stocks across various sectors, emphasizing a defensive strategy amid market oscillation [9][10]

Core Viewpoint - Shanghai Yanpu's stock price has shown significant volatility, with a year-to-date increase of 41.16% but a recent decline over various trading periods, indicating potential market fluctuations and investor sentiment changes [1]. Financial Performance - For the period from January to September 2025, Shanghai Yanpu achieved a revenue of 1.608 billion yuan, representing a year-on-year growth of 7.32%. The net profit attributable to shareholders was 127 million yuan, reflecting a year-on-year increase of 16.67% [2]. - Cumulative cash dividends since the company's A-share listing amount to 153 million yuan, with 94.6581 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Shanghai Yanpu reached 10,700, an increase of 11.73% from the previous period. The average number of circulating shares per shareholder decreased by 10.50% to 19,736 shares [2]. - Among the top ten circulating shareholders, notable changes include a decrease in holdings by the sixth-largest shareholder, and the ninth-largest shareholder, a new entrant, has acquired 2.1451 million shares [3]. Market Activity - As of November 24, the stock price of Shanghai Yanpu was 34.74 yuan per share, with a trading volume of 84.8365 million yuan and a turnover rate of 1.18%. The total market capitalization stood at 7.335 billion yuan [1]. - The stock has experienced a net outflow of 9.2876 million yuan in principal funds, with significant selling pressure observed in large orders [1].

Core Viewpoint - The A-share market is experiencing a notable shift towards stock selection and sector rotation, with over 50 stocks upgraded and more than 90 downgraded in ratings, indicating a more cautious market sentiment and a focus on structural opportunities in technology, consumption, and dividend sectors [1][2][3]. Stock Rating Adjustments - Over the past month, 52 stocks have been upgraded, with the food and beverage sector having the highest number of upgrades at 7 stocks, followed by electronics and power equipment with 5 each, and pharmaceuticals and light industry with 4 each [1]. - Conversely, 92 stocks have been downgraded across 25 industries, with the automotive sector leading with 12 downgrades, followed by food and beverage with 10, and basic chemicals with 9 [2][3]. Sector Analysis - In the food and beverage sector, several companies such as Baba Foods and Ximai Foods have seen their ratings upgraded due to improved revenue growth and store efficiency [2]. - The electronics sector is expected to benefit from a recovery in terminal demand, with companies like Crystal Technology and Green Link Technology receiving upgrades [2]. - The automotive sector has faced downgrades due to short-term performance pressures, with companies like Meihu and New Spring seeing their ratings lowered [3]. Market Trends and Strategies - Analysts suggest that the market is moving towards a balanced style, with a preference for large-cap stocks and a potential shift towards value stocks [4]. - The focus on growth stocks remains, but the key is whether the underlying valuation logic changes, which could drive future performance [4]. - Investment opportunities are seen in themes such as anti-involution and dividend stocks, with a particular emphasis on technology sectors that align with national strategies and possess real technological barriers [5].

Company Overview - Shanghai Yanpu (SH 605128) announced the convening of its 26th meeting of the fifth board of directors on November 19, 2025, to review proposals regarding the establishment of a temporary special account for fundraising and authorization for signing tripartite and quadripartite supervision agreements [1] Financial Performance - For the year 2024, the revenue composition of Shanghai Yanpu is as follows: automotive parts account for 98.02% and other businesses account for 1.98% [1] - As of the report date, the market capitalization of Shanghai Yanpu is 7.6 billion yuan [1]

关于第五届董事会第二十六次会议决议的公告 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。 一、董事会会议召开情况 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 11 月 19 日上 午 9 点在公司会议室召开第五届董事会第二十六次会议。会议通知于 2025 年 11 月 17 日以专 人送达、电话及电子邮件方式发出。本次会议由公司董事长周建清先生召集和主持，会议应 出席董事 9 人，实际出席董事 9 人，公司高级管理人员列席了本次会议。本次会议的召集和 召开符合《中华人民共和国公司法》和《上海沿浦精工科技（集团）股份有限公司章程》的 有关规定，会议合法有效。 二、董事会会议审议情况 全体与会董事以记名投票表决方式审议并通过了以下议案： 证券代码：605128 证券简称：上海沿浦 公告编号：2025-087 上海沿浦精工科技（集团）股份有限公司 特此公告。 上海沿浦精工科技（集团）股份有限公司 董 事 会 二〇二五年十一月十九日 1、《关于开立募集资金临时补流专项账户、授权签订募集资金三方监管协 ...