江苏嵘泰工业股份有限公司 ●限制性股票回购数量：共计 3.7440 万股，其中首次授予部分限制性股票 3.2240 万股，预留授予部分限制性股票 0.52 万股 证券代码：605133 证券简称：嵘泰股份 公告编号：2025-056 关于调整回购价格和回购数量及回购注销部分已获授但尚 未解除限售的限制性股票的公告 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。 重要内容提示： ●限制性股票回购价格：首次授予部分限制性股票回购价格为 7.69 元/股， 预留授予部分限制性股票回购价格为 12.60 元/股 江苏嵘泰工业股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开 第三届董事会第十次会议，审议通过了《关于调整回购价格和回购数量及回购注 销部分已获授但尚未解除限售的限制性股票的议案》，同意根据《江苏嵘泰工业 股份有限公司 2022 年限制性股票激励计划（草案）》（以下简称"《激励计划》" 或"本次激励计划"）回购并注销 3 名首次授予激励对象部分已获授尚未解除限售 的限制性股票 3.2240 万股， ...

江苏嵘泰工业股份有限公司 证券代码：605133 证券简称：嵘泰股份 公告编号：2025-059 关于回购注销部分限制性股票通知债权人的公告 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、通知债权人的原因 江苏嵘泰工业股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开 了第三届董事会第十次会议，审议通过了《关于调整回购价格和回购数量及回购 注销部分已获授但尚未解除限售的限制性股票的议案》。 鉴于公司 2022 年限制性股票激励计划中 3 名首次授予激励对象因个人原因 离职，1 名预留授予激励对象因个人原因离职，已不符合激励条件，根据《上市 公司股权激励管理办法》及《江苏嵘泰工业股份有限公司 2022 年限制性股票激 励计划（草案）》的有关规定，公司董事会同意回购注销首次授予部分已授予尚 未解锁的限制性股票 3.2240 万股，预留授予部分已授予尚未解锁的限制性股票 0.5200 万股，上述合计 3.7440 万股。因公司 2024 年年度利润分配方案的实施， 按照相关规定公司调整了回购价格和回 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2025-057 江苏嵘泰工业股份有限公司 关于 2022 年限制性股票激励计划首次授予部分第三个解除 限售期及预留授予部分第二个解除限售期解除限售条件 成就的公告 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。 重要内容提示： ●江苏嵘泰工业股份有限公司（以下简称"公司"）2022 年限制性股票激励 计划首次授予部分第三个解除限售期及预留授予部分第二个解除限售期解除限 售条件已经成就，符合解除限售条件的首次授予激励对象共计 82 名，可解除限 售的首次授予部分限制性股票数量 52.2340 万股，约占目前公司总股本比例为 0.18%；预留授予激励对象共计 65 名，可解除限售的预留授予部分限制性股票数 量 19.3050 万股，约占目前公司总股本比例为 0.07%。 ●本次解除限售事宜需在有关机构办理相关手续结束后方可解除限售，届时 公司将另行公告，敬请投资者注意。 一、2022 年限制性股票激励计划批准及实施情况 （一）2022 年 3 月 24 日，公司召开第二 ...

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Financial Performance - The company's operating revenue for the third quarter reached ¥754,662,109.63, representing a year-on-year increase of 24.70%[3] - Total profit for the quarter was ¥69,224,572.15, reflecting a significant growth of 57.32% compared to the same period last year[3] - Net profit attributable to shareholders was ¥50,466,702.36, which is an increase of 25.86% year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥2,094,286,796.78, an increase of 19.5% compared to ¥1,753,741,811.38 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥167,308,180.27, up 25.4% from ¥133,468,509.65 in the first three quarters of 2024[20] - The company achieved a comprehensive income total of ¥271,669,720.46 in 2025, compared to a loss of -¥11,348,333.49 in 2024, indicating a strong recovery[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥298,130,850.18, showing a substantial increase of 68.97%[4] - The company reported a significant increase in cash flow from operating activities, with cash received from sales reaching ¥1,917,712,052.95, compared to ¥1,537,875,821.66 in 2024, representing a growth of 24.7%[22] - Operating cash inflow totaled $2,009,199,923.42, an increase of 26.4% from $1,587,606,125.11[23] - Net cash flow from operating activities was $298,130,850.18, up 68.9% compared to $176,442,835.73[23] - Cash paid for operating activities was $1,711,069,073.24, compared to $1,411,163,289.38 previously[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,730,105,132.07, marking a 46.46% increase from the previous year[4] - The company's total assets amounted to ¥6,730,105,132.07 in 2025, up from ¥4,595,250,797.88 in 2024, reflecting a growth of 46.4%[17] - The total liabilities increased to ¥2,761,018,515.19 in 2025 from ¥1,873,453,573.43 in 2024, reflecting a growth of 47.3%[17] - The total equity rose to ¥3,969,086,616.88 in 2025, compared to ¥2,721,797,224.45 in 2024, marking an increase of 46.0%[17] Shareholder Information - The basic earnings per share for the quarter was ¥0.18, reflecting a decrease of 14.29% year-on-year[3] - The diluted earnings per share for the quarter was also ¥0.18, with a year-on-year decrease of 14.29%[4] - Basic earnings per share for the first three quarters of 2025 were ¥0.55, down from ¥0.68 in the same period of 2024[21] Acquisitions and Investments - The company completed the acquisition of a 51% stake in Zhongshan Aoduo Electronic Technology Co., Ltd., which will now be consolidated into the company's financial statements[13] - The company experienced a 57.32% increase in total profit for the quarter due to the acquisition of Zhongshan Aoduo, which contributed to revenue and profit growth[8] - The company’s board approved the acquisition of the 51% stake in Zhongshan Aoduo on August 5, 2025, and it was ratified by the shareholders on August 21, 2025[12] Government Support - The company received government subsidies amounting to ¥3,870,165.44 during the quarter, contributing positively to its financial performance[6] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥87,690,448.47, up 14.5% from ¥76,420,122.72 in the same period of 2024[19] Financial Management - The financial expenses decreased significantly to -¥1,317,976.16 in 2025 from ¥29,928,227.06 in 2024, indicating improved financial management[20] Inventory and Receivables - Inventory levels rose significantly to RMB 1,054,689,611.56 from RMB 656,279,912.78, representing an increase of approximately 60.5%[15] - Accounts receivable increased to RMB 1,143,318,667.25 from RMB 937,671,394.73, marking a rise of about 21.9%[15]

Core Insights - The company reported a third-quarter revenue of 755 million, representing a year-on-year increase of 24.70% [1] - The net profit for the third quarter was 50.47 million, showing a year-on-year growth of 25.86% [1] - For the first three quarters, the total revenue reached 2.094 billion, reflecting a year-on-year increase of 19.42% [1] - The net profit for the first three quarters amounted to 148 million, with a year-on-year growth of 17.28% [1]

Core Viewpoint - Rongtai Co., Ltd. experienced a 5.1% decline in stock price, closing at 41.65 CNY per share, with a trading volume of 597 million CNY and a turnover rate of 4.97%, resulting in a total market capitalization of 11.779 billion CNY [1] Company Overview - Jiangsu Rongtai Industrial Co., Ltd. was established on June 15, 2000, and went public on February 24, 2021. The company specializes in the research, production, and sales of aluminum alloy precision die-casting parts [1] - The revenue composition of the company is as follows: automotive sector 81.14%, molds 8.61%, equipment 6.81%, others 3.24%, and motorcycles 0.20% [1] Shareholder Analysis - Yongying Fund's advanced manufacturing mixed fund A (018124) entered the top ten circulating shareholders of Rongtai Co., Ltd. in the second quarter, holding 9.9696 million shares, which is 5.39% of the circulating shares. The estimated floating loss today is approximately 22.3318 million CNY [2] - The fund was established on May 4, 2023, with a latest scale of 2.976 billion CNY. Year-to-date return is 79.2%, ranking 154 out of 8159 in its category; the one-year return is 128.06%, ranking 7 out of 8030; and since inception, the return is 126.65% [2] Fund Manager Performance - The fund manager of Yongying advanced manufacturing mixed fund A is Zhang Lu, who has a cumulative tenure of 6 years and 85 days. The total asset scale of the fund is 15.413 billion CNY, with the best fund return during the tenure being 127.61% and the worst being -60.31% [3] Fund Holdings - Yongying Fund's new energy mixed fund A (015828) holds 386,900 shares of Rongtai Co., Ltd., accounting for 7.19% of the fund's net value, making it the fifth-largest holding. The estimated floating loss today is about 866,700 CNY [4] - This fund was established on June 17, 2022, with a latest scale of 19.6432 million CNY. Year-to-date return is 21.61%, ranking 3975 out of 8159; the one-year return is 8.4%, ranking 5805 out of 8030; and since inception, it has a loss of 52.89% [4] Additional Fund Manager Information - The fund manager of Yongying new energy mixed fund A is Hu Ze, who has a cumulative tenure of 2 years and 142 days. The total asset scale of the fund is 2.639 billion CNY, with the best fund return during the tenure being 123.02% and the worst being 2.99% [5]

Group 1 - The core viewpoint of the news is that Rongtai Co., Ltd. has seen a 5% increase in stock price, reaching 42.00 CNY per share, with a trading volume of 594 million CNY and a turnover rate of 5.13%, resulting in a total market capitalization of 11.878 billion CNY [1] - Rongtai Co., Ltd. is primarily engaged in the research, production, and sales of aluminum alloy precision die-casting parts, with its main business revenue composition being 81.14% from automotive, 8.61% from molds, 6.81% from equipment, 3.24% from other sources, and 0.20% from motorcycles [1] Group 2 - From the perspective of fund holdings, Hengyue Fund has a significant position in Rongtai Co., Ltd., with its Hengyue Smart Technology Mixed A Fund holding 34,300 shares, accounting for 4.75% of the fund's net value, making it the fifth-largest holding [2] - The Hengyue Smart Technology Mixed A Fund has a total scale of 25.3762 million CNY and has achieved a year-to-date return of 12.26%, ranking 5300 out of 8162 in its category [2] - The fund manager, Yang Zao, has been in charge for 1 year and 340 days, with the fund's total asset size at 31.8199 million CNY, achieving a best return of 20.37% and a worst return of -22.56% during his tenure [2]

Group 1 - The automotive parts sector experienced an initial rise on October 10, with several companies reaching their daily limit up, indicating strong market interest [1] - Notable companies that hit the limit up include Bluetech Technology, Shenda Co., Bohai Automobile, Qin'an Co., Yingli Automobile, and Sanlian Forging [1] - Other companies that saw gains include Daimai Co., Rongtai Co., Lizhong Group, and Haoneng Co., reflecting a broader positive trend in the sector [1]

Investment Rating - The report assigns a "Buy" rating for the company, Rongtai Co., Ltd. (605133) [4][8]. Core Insights - The company is a leader in automotive aluminum alloy die-casting and is expanding into the robotics sector, focusing on lightweight components for new energy vehicles [2][3][16]. - The company has established a joint venture with Runfu Power to develop planetary roller screws and ball screws for humanoid robots and automotive chassis [2][60]. - The aluminum usage in new energy vehicles is projected to grow significantly, with a CAGR of over 300% from 2025 to 2030, indicating a strong market opportunity for the company [3][24]. Summary by Sections Company Overview - Rongtai Co., Ltd. has been deeply involved in aluminum alloy die-casting for over 20 years, with a focus on automotive steering systems and new energy components [16][20]. - The company has established partnerships with leading Tier 1 automotive suppliers such as Bosch and ZF [7][20]. Robotics Business - The company is diversifying into robotics by establishing a joint venture with Runfu Power, focusing on the production of screws for robots and automotive applications [2][60]. - The acquisition of a 51% stake in Aoduo Electronics enhances the company's capabilities in electromechanical integration [2][60]. Main Business - The company is expanding its production capacity for aluminum alloy components, with significant investments planned for new energy projects [3][4]. - Revenue is expected to grow from 235.2 billion yuan in 2024 to 419.5 billion yuan by 2027, with a projected CAGR of 22.9% [4][10]. Financial Forecast and Valuation - The company is projected to achieve a net profit of 2.3 billion yuan in 2025, increasing to 4.3 billion yuan by 2027, reflecting a strong growth trajectory [4][10]. - The report anticipates a sales gross margin of 24% and a net margin of 7.8% in 2024 [7][10].