特此公告。 证券代码：605128 证券简称：上海沿浦 公告编号：2026-001 上海沿浦精工科技（集团）股份有限公司 关于提前归还暂时补充流动资金的闲置募集资金的公告 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 12 月 3 日召 开的第五届董事会第二十七次会议，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》，同意公司及子公司将其中部分暂时闲置的公开发行可转换公司债券的募集 资金不超过 5,000 万元暂时补充流动资金，公司及子公司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 30,000 万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 2025 年 12 月 4 日在上海证券交易所网站 （www.sse.com.cn）及指定媒体披露的《上海沿浦精工科技（集团）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 2025-090）。 自公司第 ...

Group 1 - The core viewpoint of the article is that Shanghai Yanpu (605128) has been exporting automotive parts to EU member countries, although the sales amount to the EU represents a small portion of the company's total revenue, approximately 0.5% [1] - The company has been utilizing domestic entities in China for manufacturing before exporting directly to customers in the EU [1]

Group 1 - The report emphasizes the growth potential driven by AI and the reversal of the anti-involution cycle in the manufacturing sector [1] - Key companies highlighted include Yokogawa Electric, Zhejiang Rongtai, Shanghai Yanpu, Taotao Vehicle, Sany Heavy Industry, Zoomlion, XCMG, and others [2][3] - The core investment strategy focuses on sectors such as machinery, lithium battery equipment, and intelligent robotics, with a positive outlook for 2026 [4][6] Group 2 - The machinery sector is expected to see a strong start in 2026, with continued focus on technological growth in areas like embodied intelligence and commercial aerospace [4] - The report notes that the lithium battery equipment sector has crossed a turning point, with demand driven by energy storage and overseas power batteries, projecting a compound annual growth rate (CAGR) of 19% from 2024 to 2027 [6][10] - The report predicts significant profit growth for key companies, with expected net profits for 2025, 2026, and 2027 being 0.13 billion, 0.84 billion, and 1.90 billion respectively, indicating a CAGR of approximately 290% [11][17]

Core Viewpoint - The company focuses on the research, production, and sales of automotive components, positioning itself as a leading manufacturer in the industry, particularly in seat frames and functional parts [1] Group 1: Business Operations - The company’s core products include automotive seat frame assemblies, seat slide assemblies, and high-precision stamped and injection-molded parts used in automotive seats, seat belts, and locking systems [1] - A joint venture, Shanghai Xinatech Intelligent Technology Co., Ltd., was established in October 2025 to focus on the production and sales of embodied intelligent robots and their core components [1] - The company has begun small-scale deliveries of high-speed rail seats, which are currently undergoing operational assessments with railway bureaus [1] Group 2: Research and Development - Significant progress has been made in the development of the automotive seat business, with the establishment of a team of experienced experts in the field [1] - The company has built a high-standard research laboratory equipped with advanced international equipment and instruments to support product development and technological innovation [1] - Ongoing negotiations are in place with several leading automotive manufacturers and new players for customized development of complete seat solutions, leveraging a robust R&D system and professional technical team [1] Group 3: Market Position - The company does not currently engage in aerospace products, focusing solely on automotive and related sectors [1]

Group 1 - The report emphasizes the growth potential of the manufacturing sector driven by advancements in AI and a reversal of the anti-competitive cycle [1] - Key companies highlighted for investment include Yokogawa Electric, Zhejiang Rongtai, Shanghai Yanpu, and SANY Heavy Industry among others [2][3] - The report maintains a positive outlook on the machinery equipment industry, with a focus on companies that are positioned to benefit from emerging trends [6] Group 2 - The report details the performance of various sectors, with the best-performing indices including retail trade (+6.66%) and non-bank financials (+2.9%) for the week ending December 19, 2025 [4][19] - Within the manufacturing sector, the top indices were the China Aerospace and Military Industry Theme (+3.83%) and the Shanghai 50 (+0.32%) [20] - The report notes significant bidding activity in the controlled nuclear fusion sector, with over 5.6 billion yuan in bids since the beginning of 2025, indicating accelerated project development [7][8] Group 3 - The report discusses the strategic merger of Trump Media with TAE Technologies, valued at $6 billion, highlighting the increasing capital flow into the fusion energy sector [9] - TAE Technologies is noted for its innovative approach to fusion energy, utilizing hydrogen-boron fusion technology, which is seen as a cleaner alternative to traditional methods [9] - The report suggests focusing on core suppliers and flexible investment targets in the fusion energy supply chain, including companies like Lianchuang Optoelectronics and Xiguang Electronics [8][9] Group 4 - The report provides earnings forecasts for key companies, projecting revenue growth for companies like SANY Heavy Industry and Zhejiang Rongtai, with expected EPS growth from 0.63 to 1.20 for SANY from 2024 to 2026 [17] - The report highlights the competitive landscape in the carrier tape market, where the company has a 74% market share in paper carrier tape and is expanding into the plastic carrier tape segment [10][12] - The report also discusses the potential of composite current collectors in the lithium battery market, projecting significant growth from $1.2 billion in 2023 to $3.4 billion by 2032 [12]

来源：同花顺 风险提示：本文为财报教学文章，不包含推荐行为，请勿据此操作，注意安全。 看财报，得像老刑警勘察现场。今天现场的主角，是家看似传统的汽车座椅厂——上海沿浦。它的三季报里，一组"矛盾"的数据拉开了大幕：一边是短期 借款锐减84%至2000万元，一副"我不差钱"的模样；另一边，账户现金却暴增180%达到4.53亿元，鼓囊囊的钱包与急剧收缩的负债形成强烈反差。$上海 沿浦（605128） 这不像保守经营，更像是在为某个重大行动囤积充足的"弹药"。这笔巨额现金，究竟在瞄准什么？ 第一幕：传统主业的"现金牛"底牌 要理解未来的野心，得先看清现在的家底。沿浦的传统业务，堪称一台高质量的"现金制造机"。 前三季度，公司净利润达1.27亿元，同比增长16.67%。 | 科目 年度 | | 2025-09-30 | | | --- | --- | --- | --- | | *现金及现金等价物净增加额(元) | | -2818.00万 | -126.95% | | | *经营活动产生的现金流量净额(元) | 2.01亿 | 30.08% | | | *投资活动产生的现金流量净额(元) | -853902公号 · - ...

Group 1 - The report aims to summarize important internal deep reports, significant commentary, and marginal changes in the macro strategy group of large manufacturing [1] - Key companies highlighted include Yokogawa Precision, Zhejiang Rongtai, Shanghai Yanpu, Taotao Vehicle, Sany Heavy Industry, and XCMG Machinery among others [2][3] - The report maintains a positive outlook on the machinery sector, noting a 14% increase in excavator sales in November, which slightly exceeded expectations [4] Group 2 - The best-performing indices in the last week (December 1-5, 2025) included Nonferrous Metals (+5.35%), Communications (+3.69%), and Defense Industry (+2.82%) [5][20] - The top three indices in the large manufacturing sector were the Yangtze River Engineering Machinery Index (+5.47%), the ChiNext Index (+1.86%), and the Automotive Parts Index (+1.83%) [5][21] Group 3 - The report draws parallels between the current potential of humanoid robots and the past boom of electric vehicles, suggesting a similar macroeconomic backdrop and industry stage could lead to significant investment opportunities [8][9] - The expected market size for humanoid robots is projected to reach $700 billion by 2030, compared to an estimated $570 billion for electric vehicles in 2024 [8] - Investment opportunities are identified in core components and domestic manufacturers, with a focus on companies that meet three necessary conditions: management determination, past performance validation, and future application scenarios [9] Group 4 - The report discusses the rise of Hengli Heavy Industry as a new player in the shipbuilding sector, benefiting from an upturn in shipbuilding demand and improved profitability [10] - The global shipbuilding industry is expected to see a 34.9% increase in new orders in 2024, with specific segments like container ships and oil tankers showing significant growth [10] - Hengli Heavy Industry's competitive advantages include ample production capacity and an integrated supply chain, which are expected to support future performance [10][11] Group 5 - The report highlights the strategic moves of Meilixin, including a planned share buyback and a fundraising initiative aimed at expanding its liquid cooling and semiconductor projects [11][13] - The company is positioned to benefit from its partnerships in the server liquid cooling market, leveraging its manufacturing capabilities and established client relationships [11][13] - Future performance is anticipated to exceed market expectations due to the company's strategic focus on high-demand sectors such as telecommunications and electric vehicles [11][13]

Group 1 - The company Shanghai Yanpu announced the signing of a tripartite supervision agreement for the management of raised funds with China Construction Bank and Guotai Junan Securities on December 3, 2025 [2] - The agreement involves the establishment of special accounts for the management of raised funds by the company and its subsidiaries, including Huangshan Yanpu, Changshu Yanpu, Jinhua Yanpu, Liuzhou Yanpu, Chongqing Yanpu, and Zhengzhou Yanpu [2]

Core Viewpoint - Shanghai Yanpu (605128) announced plans to temporarily use part of the idle funds from its public convertible bonds and specific stock issuance to supplement working capital, totaling up to RMB 50 million and RMB 300 million respectively, for a period not exceeding 12 months from the board's approval date [1] Group 1 - The company intends to use up to RMB 50 million from idle funds raised through public convertible bonds to supplement working capital [1] - The company plans to utilize up to RMB 300 million from idle funds raised through specific stock issuance for the same purpose [1] - Both funding measures are set to be effective for a maximum of 12 months following the board's approval [1]

（记者 曾健辉） 每经AI快讯，上海沿浦12月3日晚间发布公告称，公司第五届第二十七次董事会会议于2025年12月3日 在公司会议室召开。会议审议了《关于使用部分闲置募集资金暂时补充流动资金的议案》等文件。 每经头条（nbdtoutiao）——股民发帖求主力拉涨停，次日竟成真！襄阳轴承涨停迷局背后：平台审核 漏洞与市场操纵疑云发酵 ...