汽车零部件 执业证书编号：S0740523020004 Email：hejy02@zts.com.cn 执业证书编号：S0740522120003 Email：liuxc03@zts.com.cn 分析师：毛䶮玄 执业证书编号：S0740523020003 Email：maoyx@zts.com.cn | 总股本(百万股) | 211.14 | | --- | --- | | 流通股本(百万股) | 211.14 | | 市价(元) | 40.91 | | 市值(百万元) | 8,637.68 | | 流通市值(百万元) | 8,637.68 | | 评级： | 买入（维持） | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 指标 | | 2023A | 2024A | 2025E | 2026E | 2027E | | 分析师：何俊艺 | | 营业收入（百万元） | | 1,519 | 2,276 | 2,541 | 3,750 | 4,850 | | | | 增长率 yoy% | ...

Core Viewpoint - Several companies are projecting significant increases in net profit for 2025, with some expecting growth rates exceeding 300% compared to the previous year [1] Group 1: Companies with High Profit Growth Projections - Youyou Group anticipates a net profit increase of 357%-420% for 2025 [1] - Sanofi Health expects a net profit growth of 311% for 2025 [1] - Fujilai forecasts a net profit increase of 282.17%-296.8% for 2025 [1] - Zongyi Co. predicts a net profit growth of approximately 264.05% for 2025 [1] - Aiko Optoelectronics expects a net profit increase of 262.52%-345.2% for 2025 [1] Group 2: Companies with Moderate to High Profit Growth Projections - Pulit anticipates a net profit increase of 155.76%-194.73% for 2025 [1] - Zhongxing Junye expects a net profit growth of 134.32%-173.37% for 2025 [1] - Yixin Hall forecasts a net profit increase of 127.79%-189.12% for 2025 [1] - Bangji Technology anticipates a net profit growth of 119.43%-169.3% for 2025 [1] - Hengyu Environmental expects a net profit increase of 104.14% for 2025 [1] Group 3: Companies with Lower Profit Growth Projections - Jiaokong Technology anticipates a net profit increase of 86.44% for 2025 [1] - Boya Precision expects a net profit growth of 82.68%-128.36% for 2025 [1] - Huaxin Co. forecasts a net profit increase of 77.48% for 2025 [1] - Qingdao Danone anticipates a net profit growth of 77.47%-104.36% for 2025 [1] - Shenling Environment expects a net profit increase of 77.39%-112.87% for 2025 [1] Group 4: Companies with Further Profit Growth Projections - Keli Yuan anticipates a net profit increase of 72.76%-102.20% for 2025 [1] - Lante Optics expects a net profit growth of 70.04%-81.38% for 2025 [1] - Delijia forecasts a net profit increase of approximately 52.80% for 2025 [1] - Zhongke Electric anticipates a net profit growth of 50%-70% for 2025 [1] - Junsheng Electronics expects a net profit increase of 40.56%-1.35 billion for 2025 [1] Group 5: Companies with Lower Growth Expectations - Shanghai Yanpu anticipates a net profit increase of 35.44%-55% for 2025 [1] - Guotai Group expects a net profit growth of 30%-50% for 2025 [1] - Jiuan Medical anticipates a net profit increase of 21.05%-40.83% for 2025 [1] - AVIC Chengfei expects a net profit growth of 5.47%-11.67% for 2025 [1]

Core Viewpoint - The company, which specializes in the research, production, and sales of automotive seat components, is expected to achieve performance growth in 2025 driven by effective cost control, increased market orders, and production efficiency improvements [7][8]. Group 1: Business Performance Drivers - The company has established a comprehensive cost control system, enhancing budget management and departmental collaboration to ensure precise implementation of cost control strategies, laying a solid foundation for performance growth [8]. - In 2025, the company successfully expanded its automotive seat frame assembly business by acquiring several high-quality clients, leading to strong sales momentum from new projects and existing clients [8]. - Continuous improvement in lean production management and technological upgrades has significantly enhanced production efficiency, further optimizing costs [8]. Group 2: Financial Performance - Historical net profit and non-recurring profit data indicate a positive trend, with projections for 2025 showing an increase in both net profit and non-recurring profit [9]. - The year-on-year growth rates for net profit and non-recurring profit are expected to reflect a strong recovery, with significant increases projected for 2025 compared to previous years [9].

（文章来源：证券日报） 证券日报网讯 1月26日，上海沿浦发布2025年度业绩预增公告称，公司预计2025年度归属于上市公司股 东的净利润为1.86亿元至2.12亿元，与上年同期相比预计将增加0.49亿元至0.75亿元，预计同比增加 35.44%至55.00%。 ...

Core Viewpoint - Shanghai Yanpu (SH605128) expects a net profit attributable to shareholders of 186 million to 212 million yuan for the fiscal year 2025, representing a year-on-year increase of 35.44% to 55.00% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 183 million and 210 million yuan, with a year-on-year increase of 35.97% to 56.00% [1] Group 1: Financial Performance - The main business includes automotive seat frame assemblies, precision stamping parts, and precision injection molded parts [3] - The expected performance growth for 2025 is driven by refined cost control, efficient team collaboration, increased sales from expanded market orders, and cost reduction through lean production and process upgrades [3] Group 2: Management Background - Zhang Sicheng, the youngest executive at the company, was born in the 1990s and has held various positions since joining in 2015, becoming the general manager in October 2023 [3] - Chairman Zhou Jianqing, born in 1966, has a background in engineering and has been with the company since its inception, serving in various leadership roles [3] Group 3: Compensation Data - Zhou Jianqing's compensation from 2020 to 2024 was 1.65 million, 690,300, 690,400, 827,300, and 1.297 million yuan respectively [4] - Zhang Sicheng's compensation during the same period was 857,100, 254,100, 314,300, 419,000, and 1.054 million yuan respectively [4]

Core Viewpoint - Shanghai Yanpu (605128.SH) expects a significant increase in net profit for the fiscal year 2025, projecting a net profit attributable to shareholders of between 186 million to 212 million yuan, representing a year-on-year increase of 49 million to 75 million yuan, or an increase of 35.44% to 55.00% [1] Financial Projections - The company anticipates a net profit excluding non-recurring gains and losses for 2025 to be between 183 million to 210 million yuan, which is an increase of 48 million to 75 million yuan compared to the previous year, equating to a year-on-year growth of 35.97% to 56.00% [1] Business Operations - The company specializes in automotive seat frame assemblies, precision stamping parts, and precision injection molded parts, with the expected performance growth driven by several key factors [1] Key Growth Drivers - **Cost Control and Team Efficiency**: The company has established a comprehensive cost control system, enhancing budget management and ensuring precise execution of cost control strategies, which lays a solid foundation for performance growth [1] - **Market Order Expansion**: In 2025, the company successfully expanded its automotive seat frame assembly business by acquiring several high-quality clients, with new projects entering mass production and strong sales momentum, leading to improved capacity utilization and reduced unit production costs [1] - **Lean Production and Process Upgrades**: The company continues to deepen its lean production management model, optimizing production processes and upgrading technology, which significantly enhances production efficiency and further optimizes costs [1]

上海沿浦（605128）(605128.SH)发布公告，公司预计2025年度实现归属于上市公司股东的净利润为1.86 亿元至2.12亿元，与上年同期相比预计将增加0.49亿元至0.75亿元，预计同比增加35.44%至55%。 ...

智通财经APP讯，上海沿浦(605128.SH)发布公告，公司预计2025年度实现归属于上市公司股东的净利 润为1.86亿元至2.12亿元，与上年同期相比预计将增加0.49亿元至0.75亿元，预计同比增加35.44%至 55%。 ...

Core Viewpoint - Shanghai Yanpu (605128.SH) expects a significant increase in net profit for the fiscal year 2025, projecting a net profit attributable to shareholders of between 186 million to 212 million yuan, representing a year-on-year increase of 49 million to 75 million yuan, or an increase of 35.44% to 55.00% [1] Financial Projections - The company anticipates a net profit excluding non-recurring gains and losses for 2025 to be between 183 million to 210 million yuan, which is an increase of 48 million to 75 million yuan compared to the previous year, equating to a year-on-year growth of 35.97% to 56.00% [1] Business Operations - The company specializes in automotive seat frame assemblies, precision stamping parts, and precision injection molded parts, with the expected performance growth driven by several key factors [1] Key Growth Drivers - **Cost Control and Team Efficiency**: The company has established a comprehensive cost control system, enhancing budget management, accounting, and assessment processes, ensuring precise implementation of cost control strategies, which lays a solid foundation for performance growth [1] - **Market Order Expansion**: In 2025, the company successfully expanded its automotive seat frame assembly business by acquiring several high-quality clients, with new projects entering mass production within the year and showing strong sales momentum. Existing core clients also launched new projects, leading to increased capacity utilization and reduced unit production costs [1] - **Lean Production and Process Upgrades**: The company continues to deepen its lean production management model, optimizing production processes and upgrading technology, which significantly enhances production efficiency and further optimizes costs [1]

证券代码：605128 证券简称：上海沿浦 公告编号：2026-002 上海沿浦精工科技（集团）股份有限公司 2025 年度业绩预增公告 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、 本期业绩预告情况 （一） 业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 二、 上年同期业绩情况 （一） 2024 年度，公司实现的归属于上市公司股东的净利润为 13,704.74 万元，2024 年度公司实现的归属于上市公司股东的扣除非经常性损益的净利润为 13,457.33 万 元。 1 本期业绩预告适用于实现盈利，且净利润与上年同期相比上升50%以上。 上海沿浦精工科技（集团）股份有限公司（以下简称"公司"）经财务部门初步测算 ，预计2025年度实现归属于上市公司股东的净利润为1.86亿元至2.12亿元，与上年 同期相比预计将增加0.49亿元至0.75亿元，预计同比增加35.44%至55.00%。 扣除非经常性损益后，公司预计2025年度实现归属于上市公司股东的扣除非经常性损 益后的 ...