Summary of the Conference Call Company and Industry Overview - The conference call primarily discusses **Rongtai Co., Ltd.** and its acquisition of **Aodu Electronics**. Aodu Electronics specializes in automotive electric pedals and electric tailgates, rapidly gaining market share in China and becoming a key supplier for major manufacturers like **Seres** and **Li Auto**. [2][5][10] Key Points and Arguments 1. **Investment and Acquisition Strategy** - Rongtai Co., Ltd. invested **40 million yuan** in Aodu Electronics and co-financed **100 million yuan** to mitigate risks and assess growth potential. [2][5] - The acquisition of **51%** of Aodu Electronics aims to expand market presence and achieve resource integration for technological and market synergies. [5][10] 2. **Market Performance and Projections** - Aodu Electronics is projected to achieve **800 million yuan** in sales in **2025**, a significant increase from **200 million yuan** in **2022**. [2][7] - Expected net profit for Aodu Electronics in **2025** is over **60 million yuan**, with sales anticipated to reach at least **1 billion yuan** in **2026**, reflecting a growth rate of no less than **30%** annually for the next two years. [2][10] 3. **International Market Expansion** - Aodu Electronics is actively pursuing international markets, collaborating with companies like **Mercedes-Benz** and **BMW**, with mass production expected to start in **2026**. [2][7][10] - The gross margin for international clients is projected to be **35%**, significantly higher than the domestic market's **28%**. [7] 4. **Technological Capabilities** - Aodu Electronics' motor development capabilities are bolstered by a team of retired experts from **Bosch**, focusing on innovative designs for electric motors used in robots and robotic dogs. [3][16] - Plans to eliminate outsourcing by **2026** and establish a manufacturing facility in North America to meet international demand are underway. [3][18] 5. **Synergies and Resource Integration** - The acquisition is expected to enhance competitive advantages through resource sharing, particularly in entering new markets and accelerating product development. [13][10] - Collaboration on R&D in automotive motors and robotic components is anticipated to improve product performance and reduce costs. [13] 6. **Future Growth and Development Goals** - Aodu Electronics aims to rapidly capture market share by leveraging top-tier global technology teams and establishing overseas production bases for localized service. [21] - The company plans to achieve a production capacity of **100,000 units** by **2026**, addressing both automotive and robotics sectors. [26] Additional Important Information - The acquisition process involves multiple steps, including shareholder approval and compliance with disclosure obligations, expected to be completed by the end of **August**. [14][15] - Aodu Electronics currently derives over **90%** of its revenue from the domestic market, with plans to significantly increase its international sales contribution in the coming years. [11] - The company is also exploring new applications for its products, including planetary rolling screws, with ongoing discussions with major clients like **Tesla** and **BYD**. [25][30] This summary encapsulates the critical insights from the conference call regarding Rongtai Co., Ltd.'s strategic acquisition of Aodu Electronics, market expectations, and future growth plans.

Core Viewpoint - The company Jiangsu Rongtai Industrial Co., Ltd. plans to acquire a 51% stake in Zhongshan Aoduo Electronic Technology Co., Ltd., which is expected to enhance its market position in the automotive parts industry and create significant synergies with existing operations [1][6][29]. Summary by Sections 1. Overview of Related Transactions - The acquisition is aligned with the company's strategic direction and aims to expand its customer base in the automotive sector, leveraging synergies with Aoduo's existing client relationships [1][6]. - The total investment for the acquisition amounts to approximately 287.92 million yuan, corresponding to a valuation of 56.9 million yuan for Aoduo [2][5]. 2. Transaction Details - The transaction involves multiple shareholders, with performance commitments from eight shareholders, while three shareholders do not bear such commitments [2][3]. - The company will hold three out of five board seats in Aoduo post-acquisition, allowing for significant control over the subsidiary [3][4]. 3. Financial Assessment - Aoduo's market value was assessed at 56.9 million yuan, reflecting a substantial increase of 210.04% compared to the net assets reported in the consolidated financial statements [5][18]. - The financial due diligence was conducted by Zhonghui Accounting Firm, and the valuation was performed by Tianyuan Asset Appraisal Co., Ltd. using both income and asset-based approaches [4][15]. 4. Performance Commitments - The performance commitments stipulate that Aoduo must achieve a net profit of no less than 60 million yuan in the first year and a cumulative net profit of 220 million yuan over four years [25][26]. - If the performance targets are not met, the shareholders are obligated to compensate the company based on a predetermined formula [26][27]. 5. Governance and Compliance - The transaction has been approved by the company's board and is pending approval from the shareholders' meeting, with related parties abstaining from voting [30]. - The acquisition is structured to comply with relevant regulations and does not constitute a major asset restructuring as defined by regulatory guidelines [6][19]. 6. Industry Context - Aoduo operates in the automotive parts manufacturing sector, specializing in high-tech components such as electric pedals and control systems, with a strong market presence and established relationships with major automotive manufacturers [29]. - The acquisition is expected to facilitate Rongtai's entry into the more technology-intensive automotive electronics field, enhancing its competitive edge in the industry [1][29].

东方证券股份有限公司 关于江苏嵘泰工业股份有限公司 具体交易情况如下： 1 | 转让方 | 转让目标公司 | 股权转让价格 | | --- | --- | --- | | | 出资比例 | （人民币元） | | 中山市慧鼎科技合伙企业（有限合伙） | 2.8535% | 15,694,250 | | 珠海横琴中原动力企业管理合伙企业（有限合伙） | 5.2190% | 28,704,500 | | 珠海横琴元时代企业管理合伙企业（有限合伙） | 5.6338% | 30,985,900 | | 郭炫谟 | 8.5694% | 47,131,700 | | 黄静锋 | 3.0000% | 16,500,000 | | 冯锋 | 2.0000% | 11,000,000 | | 周秀忠 | 3.0000% | 16,500,000 | | 何雄文 | 1.0000% | 5,500,000 | | 唐红兵 | 1.5426% | 8,484,300 | | 夏诚亮 | 7.2727% | 40,000,000 | | 陈秀英 | 10.9090% | 67,417,620 | | 合计 | 51.00% | 28 ...

Group 1 - The company Jiangsu Rongtai Industrial Co., Ltd. plans to acquire 51% equity of Zhongshan Aoduo Electronic Technology Co., Ltd. for 288 million yuan, making it a subsidiary after the transaction [1][2] - The acquisition involves 11 counterparties, including the actual controller of Rongtai, who holds 7.27% of Aoduo, indicating that this transaction is a related party transaction [2] - The market value of Aoduo is assessed at 569 million yuan, showing an increase of 385 million yuan (210.04%) compared to the net assets in the consolidated financial statements [2] Group 2 - The transaction is expected to generate approximately 170 million yuan in goodwill, with performance commitments set for Aoduo to achieve net profits of no less than 45 million yuan in 2025, 55 million yuan in 2026, and 60 million yuan in both 2027 and 2028, totaling at least 220 million yuan over four years [2][3] - Aoduo reported revenues of 560 million yuan in 2024 and 220 million yuan from January to May 2025, with net profits of 44.13 million yuan and 13.32 million yuan respectively [3] - The company aims to diversify its growth by entering the automotive electronics sector through this acquisition, enhancing its capabilities in a technology-intensive area [4][5] Group 3 - Aoduo specializes in manufacturing automotive components such as intelligent electric pedals and body control systems, with production bases in multiple locations including Zhongshan, Changzhou, and Chongqing, and plans for international expansion [5] - The automotive industry is moving towards automation and intelligence, and entering the automotive electronics field is seen as a strategic move for the company to achieve breakthroughs in smart technology [5]

Group 1 - Jerry Holdings reported a net profit of 1.241 billion yuan for the first half of 2025, an increase of 14.04% year-on-year, with total revenue reaching 6.901 billion yuan, up 39.21% year-on-year [1] - Tian Tan Biological announced a net profit of 633 million yuan for the first half of 2025, a decrease of 12.88% year-on-year, with total revenue of 3.110 billion yuan, an increase of 9.47% year-on-year [2] - Shunbo Alloy achieved a net profit of 177 million yuan for the first half of 2025, a significant increase of 110.56% year-on-year, with total revenue of 7.126 billion yuan, up 11.75% year-on-year [7] Group 2 - Dashi Intelligent signed a contract for the Jingpai Building smart project with a total contract value of 34.06 million yuan, accounting for 1.07% of the company's audited revenue for 2024 [3] - Maglev Technology plans to invest 700 million yuan to establish a research and production base for maglev compressors, aiming to optimize product structure and enhance production capacity [4] - Koweil received government subsidies totaling 5.502 million yuan, which are expected to positively impact the company's profits for 2025 [5] Group 3 - Pengding Holdings reported a consolidated revenue of 3.002 billion yuan for July 2025, an increase of 12.28% compared to the same period last year [9] - Liuyou Group repurchased 544,500 shares at a price range of 18.29 to 18.36 yuan per share, totaling approximately 9.9828 million yuan [10] - Jin Xin Nong reported a sales revenue of 96.731 million yuan from pig sales in July 2025, with a total of 79,400 pigs sold [12] Group 4 - Jiangsu Huachen plans to use up to 70 million yuan of idle raised funds for cash management, investing in safe and liquid financial products [13] - Gongtong Pharmaceutical's subsidiary intends to purchase assets from an affiliate for 16.57 million yuan to build a wastewater treatment facility [15] - Tian Shi Li appointed Wang Yimin as the vice general manager, effective immediately [16] Group 5 - Zhejiang Yongqiang established a subsidiary in Indonesia with a registered capital of 230 billion Indonesian rupiah, focusing on overseas capacity investment and international trade [18] - Wangli Security received three invention patents, enhancing its product portfolio in security locks [20] - Shennong Group reported a sales revenue of 327 million yuan from pig sales in July 2025, with an average selling price of 14.73 yuan per kilogram [21] Group 6 - Dize Pharmaceutical's product DZD8586 received fast track designation from the FDA for treating relapsed refractory chronic lymphocytic leukemia [23] - Daqin Railway reported a cargo transportation volume of 31.79 million tons in July 2025, a year-on-year increase of 5.40% [24] - Xin Hongye's subsidiary won a bid for a nuclear-grade cable procurement project worth 81.58 million yuan [26] Group 7 - Hainan Hengbo established a wholly-owned subsidiary with a registered capital of 50 million yuan, focusing on technology services and new material technology research [26] - Changhong Huayi reported a net profit of 257 million yuan for the first half of 2025, an increase of 13.42% year-on-year, with total revenue of 6.628 billion yuan [27] - Haiguang Information achieved a net profit of 1.201 billion yuan for the first half of 2025, an increase of 40.78% year-on-year, with total revenue of 5.464 billion yuan [28] Group 8 - Dongmu Co. reported a net profit of 261 million yuan for the first half of 2025, an increase of 37.61% year-on-year, with total revenue of 2.930 billion yuan [29] - Hanma Technology announced the resignation of its executive vice president due to personal reasons [30] - Guangge Technology's shareholders plan to reduce their holdings by up to 4.04% of the company's shares [31] Group 9 - *ST Energy's subsidiary won a bid for an independent energy storage project with a total bid price of 320 million yuan for design and 301 million yuan for construction [32] - Chipeng Micro plans to reduce its holdings by up to 2% of the company's shares due to personal financial needs [33] - Ancar Detection announced a change in its controlling shareholder to Silicon Technology, with stock resuming trading [35] Group 10 - Dahao Technology's vice president is temporarily unable to perform duties due to health reasons [36] - Sanjiang Shopping's cooperation agreement with Hema will not be renewed after its expiration in March 2026 [37] - Huisheng Biological reported a net profit of 117 million yuan for the first half of 2025, a year-on-year increase of 325.88% [38] Group 11 - Dongshan Precision plans to increase capital in its subsidiary by 3.5 billion USD to support high-end PCB projects [39] - Yunnan Copper's subsidiary's bankruptcy liquidation application has been accepted by the court due to resource depletion [40] - Shanghai Bank's board member and chairman's qualifications have been approved by regulatory authorities [41] Group 12 - Junwei Electronics plans to acquire 100% of Flat Electronics Co., Ltd. for 2.6 billion yen to enter the film resistor market [42] - Daodaoquan's controlling shareholder plans to increase its stake in the company by 50 million to 100 million yuan [43] - Yinglian Co.'s subsidiary signed a strategic cooperation agreement with a well-known cylindrical battery company [45] Group 13 - Debang Technology's state integrated circuit fund plans to reduce its holdings by up to 3% of the company's shares [47] - Tianyi New Materials plans to sell part of its subsidiary's assets for 51.4 million yuan to improve cash flow [49] - Rongtai Co. intends to acquire 51% of Zhongshan Aoduo for 288 million yuan [51]

天眼查商业履历信息显示，江苏嵘泰工业股份有限公司，成立于2000年，位于扬州市，是一家以从事汽 车制造业为主的企业。企业注册资本21754.3532万人民币，实缴资本18607.9816万人民币。公司法定代 表人为夏诚亮。 通过天眼查大数据分析，江苏嵘泰工业股份有限公司共对外投资了9家企业，参与招投标项目26次，知 识产权方面有商标信息45条，专利信息98条，此外企业还拥有行政许可25个。 来源：金融界 金融界消息 截至2025年8月6日收盘，嵘泰股份（605133）报收于34.0元，上涨2.5%，换手率6.82%，成 交量16.39万手，成交金额5.57亿元。 资金流向方面，今日主力资金净流入6185.87万元，占比成交额11.1%。其中，超大单净流入4302.17万 元、占成交额7.72%，大单净流入1883.70万元、占成交额3.38%，中单净流出流出3290.55万元、占成交 额5.91%，小单净流出2895.32万元、占成交额5.2%。 嵘泰股份最新一期业绩显示，截至2025一季报，公司营业总收入6.62亿元、同比增长29.68%，归属净利 润4822.59万元，同比增长13.76%，扣非净利润44 ...

Core Viewpoint - Rongtai Co., Ltd. is expanding through the acquisition of a 51% stake in Zhongshan Audo Electronic Technology Co., Ltd. for a total price of 288 million yuan, which will make Zhongshan Audo a subsidiary of Rongtai [1] Group 1: Acquisition Details - The acquisition price for the 51% stake in Zhongshan Audo is 288 million yuan, and the overall valuation of Zhongshan Audo is 569 million yuan, indicating a value increase of 210.04% [3] - Zhongshan Audo's main products include automotive smart electric pedals, electric support rods, smart side-opening door systems, and body domain controllers, with a leading market share in smart electric pedals in China [1] Group 2: Financial Performance - Zhongshan Audo achieved revenues of 560 million yuan and 220 million yuan in 2024 and the first five months of 2025, respectively, with net profits of 44.13 million yuan and 13.32 million yuan [2] - As of May 2025, Zhongshan Audo's total assets were 665 million yuan, total liabilities were 475 million yuan, and net assets were 190 million yuan [2] Group 3: Synergy and Future Projections - The acquisition is expected to create significant synergies, allowing Rongtai to leverage its domestic and international customer base to expand Zhongshan Audo's client portfolio [1] - Zhongshan Audo has made performance commitments to achieve net profits of no less than 45 million yuan, 55 million yuan, 60 million yuan, and 60 million yuan from 2025 to 2028, totaling at least 220 million yuan over four years [4] Group 4: Rongtai's Financials - Since its listing in February 2021, Rongtai has seen continuous revenue and net profit growth, with revenues of 1.163 billion yuan, 1.545 billion yuan, 2.02 billion yuan, and 2.352 billion yuan from 2021 to 2024, and net profits of 101 million yuan, 134 million yuan, 146 million yuan, and 163 million yuan during the same period [5] - In the first quarter of 2025, Rongtai reported revenues of 662 million yuan, a year-on-year increase of 29.68%, and net profits of 48.23 million yuan, reflecting a growth of 13.76% [5]

| | | 8月5日重要公告精选 | | --- | --- | --- | | 类型 | 公司 | 主要内容 | | 热点 | 中马传动 | 不涉及机器人业务 | | 项目投资 | 回盛生物 | 拟投资建设兽用原料药绿色设备技改项目 | | 中标合同 | 珠江钢琴 | 白水寨公司中标白水寨风景名胜区白水仙瀑景区经营权招选项目 | | 经营数据 | 牧原股份 | 7月商品猪销售收入116.39亿元 | | 股权收购 | 嵘泰股份 | 拟收购中山澳多51%股权 | | 回购 | 舜禹股份 | 已累计回购3.07%股份 | | 业绩 | 长虹华意 | 上半年净利润2.57亿元 同比增长13.42% | | 增减持 | 光格科技 | 股东基石创投、方广二期拟合计减持不超4.04%股份 | | | 道道全 | 兴创投资拟增持5000万元-1亿元公司股份 | | 其他 | 豪恩汽电 | 拟定增募资不超11.05亿元 用于投资豪恩汽电深圳产线扩建项目等 | | | 英联股份 | 子公司与某知名圆柱电池公司签署《战略合作协议》 に 簡屋に | 【热点】 上纬新材(688585.SH)：如未来公司股票价格进一步上涨，可能再次 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2025-041 江苏嵘泰工业股份有限公司 本事项已经公司第三届董事会独立董事专门会议 2025 年第一次会议审议通 过，并提交董事会审议。 表决结果：5 票同意，0 票反对，0 票弃权，2 票回避（董事夏诚亮、朱华夏 回避表决）。 内容详见同日披露于上海证券交易所网站（www.sse.com.cn）的公告，本议 案需提交股东会审议。 根据公司董事会成员调整的实际情况，相应对第三届董事会审计委员会进行 调整，调整后审计委员会成员为：顾晓春（主任）、勾建勇、汤标。审计委员会 任期自董事会审议通过之日起至公司本届董事会任期届满之日止。 第三届董事会第八次会议决议公告 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 会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 送达全体董事。 二、董事会会议审议情况 与会董事经认真审议和表决，通过如下决议： 易的议案》 江苏嵘泰工业股份有限公司 董 事 会 二〇二五年八月六日 表决结果：7 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2025- 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： ? 股东会召开日期：2025年8月21日 ? 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 (一) 股东会类型和届次 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相 结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 8 月 21 日 9 点 30 分 江苏嵘泰工业股份有限公司 关于召开2025年第二次临时股东会的通知 召开地点：江苏省扬州市江都区仙城工业园乐和路 8 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 21 日 至2025 年 8 月 21 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9 ...