Group 1: Company Overview - Jiangnan Mould & Plastic Technology Co., Ltd. is a leading automotive parts supplier in China, focusing on the R&D, production, and sales of automotive exterior systems and lightweight components, such as bumpers [2] - The company has production bases in Wuxi, Shanghai, Shenyang, Wuhan, Yantai, and Mexico, with R&D centers located in Beijing, Shanghai, and Jiangyin [2] - The company has a stake in Beiqi Mould & Plastic, which has production bases in multiple cities including Beijing, Hefei, Chongqing, Chengdu, and Zhuzhou [2] Group 2: Operational Insights - The current capacity utilization rate of the Mexican subsidiary is not fully utilized, with plans to actively develop new orders while maintaining good cooperation with existing clients [2] - The company is conducting market and cost research to assess its technological capabilities for future robot project development [2] Group 3: Financial and Shareholder Information - The company's operational status is stable, with specific performance details to be disclosed in the annual report on the Giant Tide Information Network [3] - As of November 10, 2025, the number of shareholders is 80,816 [3] Group 4: Investor Relations Activity - The investor relations activity involved discussions with various investors and analysts, including representatives from major funds and securities firms [2] - The event took place from November 10 to November 19, 2025, in an offline format [2]

华鑫证券研报指出，模塑科技2025Q1-Q3归母净利润3.75亿元，同比-30.42%；Q3归母净利润0.82亿元， 同比-54.79%。2025Q3净利润短期承压，新项目定点奠定未来成长基本盘。作为全球领先的汽车外饰系 统供应商，公司持续为宝马、奔驰、奥迪等一线豪华品牌，以及北美知名电动车企、理想、比亚迪等头 部新能源车企配套供货，实现了传统优势客户与新兴电动客户的全面覆盖。2025年第三季度在外饰件产 品方面，公司已成功获得多家主流品牌的核心项目定点，为未来订单增长及盈利能力增强构筑了坚实基 础。公司第三季度获得多个知名车企项目定点，业绩有望稳步增长，维持"买入"投资评级。 ...

Core Insights - The company reported a total revenue of 5.107 billion yuan for Q1-Q3 2025, a year-on-year decrease of 2.70%, and a net profit attributable to shareholders of 375 million yuan, down 30.42% year-on-year [1] - In Q3 2025, the company achieved a revenue of 1.708 billion yuan, a slight increase of 0.52% year-on-year, but the net profit attributable to shareholders fell by 54.79% to 82 million yuan [1] Financial Performance - The decline in net profit for Q3 2025 was primarily due to increased financial expenses and a significant drop in fair value gains [2] - Financial expenses shifted from an income of 39 million yuan in the same period last year to an expense of 24 million yuan this year, resulting in a loss impact of 63 million yuan on profits [2] - Fair value changes also reversed from a gain of 46 million yuan to a loss of 26 million yuan, contributing to a total profit decline of over 135 million yuan [2] Operational Highlights - The company has secured multiple project contracts with high-quality clients, including leading luxury brands and prominent electric vehicle manufacturers, establishing a solid foundation for future growth [3] - In July 2025, the company received a project contract for exterior parts from a well-known North American electric vehicle company, expected to start production in January 2026, with a total sales volume of 366,000 units and projected sales revenue of 1.236 billion yuan [3] - Another project contract was secured from a luxury car client, expected to begin production in January 2028, with a total sales volume of 692,500 units and projected sales revenue of 2.044 billion yuan [3] Earnings Forecast - The company is projected to achieve revenues of 7.9 billion yuan, 8.73 billion yuan, and 9.66 billion yuan for the years 2025 to 2027, with net profits attributable to shareholders of 470 million yuan, 610 million yuan, and 710 million yuan respectively [4] - The acquisition of multiple projects from well-known automotive companies is expected to drive steady growth in performance [4]

Core Viewpoint - Mould Technology experienced a decline of 5.47% in its stock price, with a trading volume of 7.91 billion yuan and a turnover rate of 8.73% on the day of reporting [2] Trading Activity - The stock was listed on the Shenzhen Stock Exchange due to a daily price deviation of -7.00%, with institutional investors net buying 2.39 million yuan and the Shenzhen Stock Connect net buying 3.88 million yuan [2] - The top five trading departments had a combined transaction amount of 125 million yuan, with a net buying amount of 1.83 million yuan [2] - Among the trading departments, four institutional special seats were involved, with a total buying amount of 17.57 million yuan and a selling amount of 15.19 million yuan, resulting in a net buying of 2.39 million yuan [2] Fund Flow - The stock saw a net outflow of 75.74 million yuan in main funds, with a significant outflow of 43.90 million yuan from large orders [2] - Over the past five days, the main funds had a net inflow of 31.68 million yuan [2] Margin Trading Data - As of November 12, the margin trading balance for the stock was 516 million yuan, with a financing balance of 516 million yuan and a securities lending balance of 0.10 million yuan [3] - In the last five days, the financing balance increased by 33.11 million yuan, representing a growth of 6.86% [3]

股票代码：000700 股票简称：模塑科技 公告编号：2025-061 3、会议召开的合法、合规性：召开本次股东会符合《公司法》、《股东会 议事规则》、《公司章程》等法律、法规和规范性文件的规定。 4、会议召开的日期、时间： （1）现场会议时间：2025年11月20日【星期四】14:00 （2）网络投票时间：通过交易系统进行网络投票的时间为：2025年11月20 日9:15－9:25，9:30－11:30，13:00－15:00；通过互联网投票系统投票的具体时 间为：2025年11月20日9:15至15:00期间的任意时间。 江南模塑科技股份有限公司 关于召开 2025 年第二次临时股东会的提示性公告 本公司及其董事、监事、高级管理人员保证公告内容的真实、准确和完整，公告不存在 虚假记载、误导性陈述或者重大遗漏。 本公司第十二届董事会第四次（临时）会议决定召开公司2025年第二次临时 股东会，并于2025年10月31日在《证券时报》、《上海证券报》及巨潮资讯网 （www.cninfo.com.cn）上刊登了《关于召开2025年第二次临时股东会的通知》 【2025-059】，根据相关规则的要求，现对本次股东会再 ...

Summary of the Conference Call on Moulding Technology Industry Overview - The focus is on the robotics industry, specifically the trend of lightweight design in robots to enhance energy efficiency, heat dissipation, safety, and stability while reducing costs [2][3][4]. Key Points and Arguments 1. **Lightweight Design Benefits**: - Lightweight design improves energy efficiency and extends operational time, as demonstrated in the Beijing Marathon robot competition [4]. - It enhances heat dissipation, particularly in joints, reducing heat generation and prolonging component lifespan [4][7]. 2. **Material Innovations**: - Lightweight robots utilize materials like aluminum, magnesium alloys, and high-performance engineering plastics (e.g., PEEK) [2][11]. - Tesla's Optimus robot weight was reduced from 73 kg to 63 kg through the use of lighter materials [5][9]. 3. **Moulding Technology's Position**: - Moulding Technology is a platform company specializing in injection molding, providing comprehensive design solutions and has a strong partnership with Tesla, being the sole external supplier of bumpers for Tesla's North American factories [2][6][8]. 4. **Market Expansion**: - Starting February 2025, Moulding Technology is expanding into the domestic robotics market, leveraging existing relationships with major clients like BMW, Mercedes, and Xiaomi [3][8]. 5. **Material Application in Robotics**: - The use of plastics (e.g., PP, ABS) for outer shells and structural components is prevalent, with engineering plastics like PEEK being used for specific applications [16][17]. - The market is showing interest in PEEK due to its potential to create new growth opportunities in the robotics sector [23]. 6. **Competitive Advantages**: - Moulding Technology's advantages include its platform model, established relationships with international clients, and rapid domestic market expansion [8][19]. - Other recommended companies include Ekdai (aluminum products supplier) and Xingyuan Zhuomei (magnesium alloy specialist) [18][22]. Additional Important Insights - **Challenges with Magnesium Alloys**: While magnesium alloys offer superior heat dissipation, their complex surface processing poses challenges [12][13]. - **Comparison with Automotive Industry**: The materials used in robotics differ significantly from those in the automotive sector, where high-strength steel is common for safety reasons [14]. - **Stock Price Volatility**: Recent fluctuations in Moulding Technology's stock price are attributed to funding changes rather than fundamental business issues, with the robotics segment progressing well [24]. This summary encapsulates the key insights from the conference call, highlighting the advancements and strategic positioning of Moulding Technology within the evolving robotics industry.

Market Overview - The automotive parts sector increased by 0.07% compared to the previous trading day, with Xinpeng Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down by 0.39%, while the Shenzhen Component Index closed at 13289.0, down by 1.03% [1] Top Gainers in Automotive Parts Sector - Xinpeng Co., Ltd. (002328) closed at 7.50, up by 9.97% with a trading volume of 541,600 shares and a turnover of 406 million yuan [1] - Liangyuan Zhuomei (301398) closed at 55.80, up by 8.94% with a trading volume of 99,600 shares and a turnover of 544 million yuan [1] - Chunxing Precision (002547) closed at 5.57, up by 6.70% with a trading volume of 1,935,300 shares and a turnover of 1.078 billion yuan [1] Top Losers in Automotive Parts Sector - Moulding Technology (000700) closed at 10.36, down by 6.58% with a trading volume of 1,054,800 shares and a turnover of 1.158 billion yuan [2] - Lintai New Materials (920106) closed at 96.44, down by 5.34% with a trading volume of 13,700 shares and a turnover of 134 million yuan [2] - Chaokang Co., Ltd. (301005) closed at 49.02, down by 3.01% with a trading volume of 109,200 shares and a turnover of 547 million yuan [2] Capital Flow Analysis - The automotive parts sector experienced a net outflow of 1.129 billion yuan from institutional investors, while retail investors saw a net inflow of 1.022 billion yuan [2] - The top stocks with significant net inflows from retail investors include Wan Feng Ao Wei (002085) with 170 million yuan and Chunxing Precision (002547) with 140 million yuan [3] Individual Stock Performance - Xinpeng Co., Ltd. (002328) had a net inflow of 80.38 million yuan from institutional investors, but a net outflow of 47.73 million yuan from retail investors [3] - Moulding Technology (000700) saw a net inflow of 69.34 million yuan from institutional investors, with a net outflow of 33.70 million yuan from retail investors [3]

Group 1 - The core issue revolves around a recent court ruling in favor of investors against Mould Technology for securities false statement liability, significantly increasing the likelihood of success for other investors with similar claims [1] - Investors who purchased shares between April 29, 2021, and November 23, 2022, and either sold or still hold the stock at a loss after November 24, 2022, are eligible to participate in the claims [2] - The deadline for filing claims is approaching on November 23, and investors are urged to prepare necessary materials to avoid missing the opportunity for compensation [2] Group 2 - The company faced regulatory scrutiny for information disclosure violations, receiving an administrative penalty from the China Securities Regulatory Commission (CSRC) in January 2023 for overstating profits by 31.97 million yuan, which constituted 95.24% of the reported profit for 2020 [3] - The CSRC's actions initiated a wave of lawsuits from investors seeking compensation for losses attributed to the company's false statements, with the company currently showing good performance, which may positively influence its ability to compensate affected investors [3]

Group 1 - The controlling shareholder, Jiangyin Mould Group Co., Ltd., has completed a share reduction plan, reducing its stake in Mould Technology by 1% [1] - The share reduction involved selling 9,180,100 shares at an average price of 10.15 yuan per share, totaling approximately 93.178 million yuan [1] - After the reduction, Jiangyin Mould Group holds 33,796,498.2 shares, representing 36.81% of the total share capital of Mould Technology [1] Group 2 - The actual controller of Mould Technology is Cao Mingfang, aged 81, with his relative Cao Kebao, aged 56, being a concerted actor [2]

Core Viewpoint - Mould Technology has been penalized by the China Securities Regulatory Commission for significant violations in information disclosure, leading to a formal punishment and a fine of 1.2 million yuan [1][2]. Group 1: Regulatory Actions - The Jiangsu Securities Regulatory Bureau confirmed that Mould Technology inflated its 2020 profit by 31.97 million yuan, which accounted for 95.24% of the reported profit for that year, resulting in a false record in the annual report [2]. - The company has been ordered to correct its disclosures and has received a warning alongside the financial penalty [2]. Group 2: Investor Rights and Legal Actions - Investors who purchased Mould Technology shares between April 29, 2021, and November 23, 2022, and suffered losses are entitled to file lawsuits for compensation against responsible parties [2][3]. - Preliminary compensation claims are focused on investors who sold or continued to hold shares after November 23, 2022, and the final conditions for claims will be determined by court rulings [3]. Group 3: Documentation for Claims - Investors need to prepare specific documentation to support their claims, including original transaction statements, copies of their identification, and confirmation of their securities account information [3][4].