中鼎股份公告，公司拟发行可转换公司债券总额不超过人民币25亿元，扣除发行费用后将全部用于智能 机器人核心关节与本体制造项目、智能热管理系统总成项目、新能源汽车智能底盘系统研发结算中心项 目及补充流动资金。 ...

安徽中鼎密封件股份有限公司 关于向不特定对象发行可转换公司债券预案披露的提示性 公告 本次向不特定对象发行可转换公司债券预案的披露事项不代表审批机关对 于本次向不特定对象发行可转换公司债券相关事项的实质性判断、确认、批准或 核准，预案所述本次向不特定对象发行可转换公司债券相关事项的生效和完成尚 待公司股东会审议通过并取得有关审批机关的批准或同意注册。敬请投资者注意 投资风险。 证券代码：000887 证券简称：中鼎股份 公告编号：2025-065 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 安徽中鼎密封件股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日召 开第九届董事会第十三次会议，审议通过了公司向不特定对象发行可转换公司债 券的相关议案。具体内容详见公司同日在巨潮资讯（www.cninfo.com.cn）及相关 媒体上披露的公司《向不特定对象发行可转换公司债券预案》等相关文件及公告。 敬请广大投资者注意查阅。 董 事 会 2025 年 12 月 2 日 1 特此公告。 安徽中鼎密封件股份有限公司 ...

证券代码：000887 证券简称：中鼎股份 安徽中鼎密封件股份有限公司 ANHUI ZHONGDING SEALING PARTS CO.,LTD （安徽省宣城市宁国市宁国经济技术开发区中鼎工业园） 向不特定对象发行可转换公司债券方案的 论证分析报告 2025 年 12 月 安徽中鼎密封件股份有限公司 向不特定对象发行可转换公司债券方案的论证分析报告 安徽中鼎密封件股份有限公司（以下简称"中鼎股份"或"公司"）为深圳 证券交易所主板上市公司，为了进一步提升公司的综合实力和核心优势，满足公 司业务发展的资金需求，根据《中华人民共和国公司法》《中华人民共和国证券 法》和《上市公司证券发行注册管理办法》（以下简称"《注册管理办法》"） 等有关法律、行政法规、部门规章或规范性文件和《公司章程》的规定，公司拟 向不特定对象发行可转换公司债券募集资金不超过人民币 250,000 万元（含本数）， 扣除发行费用后的募集资金净额将用于以下项目： 单位：万元 | 序号 | 项目名称 | 总投资额 | 拟投入募集资金金额 （已扣除财务性投资） | | --- | --- | --- | --- | | 1 | 智能机器人核心关节 ...

证券代码：000887 证券简称：中鼎股份 公告编号：2025-066 安徽中鼎密封件股份有限公司 关于向不特定对象发行可转换公司债券 摊薄即期回报、采取填补措施及相关主体承诺的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作 的意见》（国办发[2013]110 号）《国务院关于进一步促进资本市场健康发展的若 干意见》（国办发[2014]17 号）和中国证监会《关于首发及再融资、重大资产重 组摊薄即期回报有关事项的指导意见》（证监会公告[2015]31 号）等文件要求， 为保障中小投资者利益，公司就本次发行对即期回报摊薄可能造成的影响进行了 分析，并提出了具体的填补回报措施，相关主体对公司填补回报措施能够得到切 实履行作出了承诺，具体如下： 一、本次发行摊薄即期回报对公司主要财务指标的影响 （一）主要假设 1、假设未来宏观经济环境、产业政策、公司所处行业发展情况、市场情况 等方面没有发生重大变化。 2、假设本次发行于 2026 年 6 月底完成发行，分别假设于 2026 年 12 月末全 ...

证券代码：000887 证券简称：中鼎股份 安徽中鼎密封件股份有限公司 ANHUI ZHONGDING SEALING PARTS CO.,LTD （安徽省宣城市宁国市宁国经济技术开发区中鼎工业园） 向不特定对象 发行可转换公司债券 募集资金使用可行性分析报告 2025 年 12 月 安徽中鼎密封件股份有限公司 向不特定对象发行可转换公司债券募集资金使用可行性分析报告 安徽中鼎密封件股份有限公司（以下简称"中鼎股份"或"公司"）为深圳 证券交易所主板上市公司，为了进一步提升公司的综合实力和核心优势，满足公 司业务发展的资金需求，根据《中华人民共和国公司法》《中华人民共和国证券 法》和《上市公司证券发行注册管理办法》等有关法律、行政法规、部门规章或 规范性文件和《公司章程》的规定，公司编制了本次向不特定对象发行可转换公 司债券募集资金使用可行性分析报告。 1 安徽中鼎密封件股份有限公司 向不特定对象发行可转换公司债券募集资金使用可行性分析报告 一、本次募集资金的使用计划 本次发行的募集资金总额（含发行费用）不超过 250,000.00 万元（含本数）， 扣除发行费用后，募集资金拟用于以下投资项目： | 单位：万 ...

证券代码：000887 证券简称：中鼎股份 安徽中鼎密封件股份有限公司 ANHUI ZHONGDING SEALING PARTS CO.,LTD （安徽省宣城市宁国市宁国经济技术开发区中鼎工业园） 向不特定对象发行可转换公司债券预案 2025 年 12 月 安徽中鼎密封件股份有限公司 向不特定对象发行可转换公司债券预案 发行人声明 1、公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存 在虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性、完整性承 担个别和连带的法律责任。 2、本次向不特定对象发行可转换公司债券完成后，公司经营与收益的变化 由公司自行负责；因本次向不特定对象发行可转换公司债券引致的投资风险由投 资者自行负责。 3、本预案是公司董事会对本次向不特定对象发行可转换公司债券的说明， 任何与之相反的声明均属不实陈述。 4、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 5、本预案所述事项并不代表审批机关对于本次向不特定对象发行可转换公 司债券相关事项的实质性判断、确认、批准、核准或注册，本预案所述本次向不 特定对象发行可转换公司债券相关事项的生效 ...

Core Insights - The report from China Galaxy Securities highlights that by 2026, the Robotaxi sector is expected to reach a commercialization turning point driven by policy support, technological advancements, and cost reductions [1][3] - The automotive industry in China is projected to experience stable volume and gradual price increases in 2025, with a dual drive from exports and new energy vehicles [1][2] Group 1: 2025 Overview - In 2025, the Chinese automotive industry is expected to achieve a pattern of "stable volume and gradual price increase," supported by the effective recovery of domestic demand due to vehicle replacement policies [1] - Both wholesale and retail sales are anticipated to grow year-on-year, with an increasing penetration rate of new energy vehicles [1] - The industry is facing continued price wars, leading to further pressure on profitability, with revenue growth outpacing profit growth [1] Group 2: 2026 Outlook - The exemption of the new energy vehicle purchase tax is expected to continue until the end of 2025, with a reduction to half in 2026-2027, potentially impacting sales significantly, especially for vehicles priced below 300,000 yuan [2] - Major automakers like Hongmeng Zhixing, Leap Motor, Geely, and JAC are entering a period of intensive new product launches, which may enhance their sales and market share [2] - The mainstream automakers' pure electric platforms are expected to be validated by 2025, with new models being launched at scale in 2026 [2] - The rollout of L3-level intelligent driving technology is imminent, becoming a key driver for new model launches in 2026 [2] Group 3: Emerging Business Opportunities - The Robotaxi sector is benefiting from policy support, technological progress, and cost reductions, leading to a commercial breakthrough, with major manufacturers and tech giants expanding their operations [3] - Low-speed unmanned logistics vehicles and mining trucks are moving towards scale due to policy support and economic advantages [3] - The integration of the intelligent automotive supply chain with the robotics industry is creating multiple advantages, including technological migration and resource consolidation [3] Group 4: Investment Recommendations - The report recommends focusing on leading passenger vehicle manufacturers, the intelligent industry chain, and humanoid robotics industry, highlighting companies like Geely and Great Wall Motors as key players [3] - Beneficiary stocks include JAC Motors and Leap Motor in the passenger vehicle sector, and companies like SUTENG and Desay SV in the intelligent sector [3] - In the humanoid robotics sector, companies such as Top Group and Aikodi are identified as beneficiaries [3]

Market Overview - As of 10:31 AM today, the Shanghai Composite Index is at 3876.57 points, above the six-month moving average, with an increase of 1.04% [1] - The total trading volume of A-shares today is 853.41 billion yuan [1] Stocks Breaking Six-Month Moving Average - A total of 382 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Tonghe Technology (300491) with a deviation rate of 9.12% and a price increase of 10.01% [1] - Xunxing Co., Ltd. (002098) with a deviation rate of 9.03% and a price increase of 10.04% [1] - Laimu Co., Ltd. (603633) with a deviation rate of 7.04% and a price increase of 7.90% [1] Additional Stocks with Smaller Deviation Rates - Stocks that have just crossed the six-month moving average with smaller deviation rates include: - Longyuan Technology (not specified) and Newcapec (not specified) with minor deviations [1] - Other stocks with notable performance include: - Hongbai New Materials (605366) with a deviation rate of 6.77% and a price increase of 7.26% [1] - Kecuan Technology (603052) with a deviation rate of 5.50% and a price increase of 10.00% [1]

Core Insights - Company Zhongding Co., Ltd. announced that its subsidiary Anhui Zhongding Intelligent Thermal System Co., Ltd. has been selected as a supplier for liquid cooling dummy loads by two domestic liquid cooling system integrators, with a total project value of approximately 15 million yuan [2] Group 1: Business Development - Zhongding's subsidiaries, Zhongding Fluid and Zhongding Intelligent Thermal System, are leading the development of thermal management system assemblies, actively expanding into energy storage thermal management and supercomputing center thermal management based on their automotive thermal management business [2] - The company has launched a series of liquid cooling units and immersion liquid cooling units in the energy storage sector, utilizing self-developed thermal management controllers and core technologies such as piping systems and seals [2] - In the supercomputing center thermal management field, the main products include CDU (Chilled Liquid Distribution Unit), cold plates, piping, and other liquid cooling system products, with a focus on developing immersion liquid cooling products [2] Group 2: Strategic Partnerships - Zhongding recently entered into a strategic cooperation agreement with Shanghai Fourier to collaborate on humanoid robot-related products, aiming to enhance the development of components such as harmonic reducers, planetary reducers, force sensors, lightweight skeletons, and hollow cup motors [2] - This partnership is expected to strengthen the relationship between the two companies and promote the development of their respective businesses [2]

Core Insights - Zhongding Co., Ltd. has identified humanoid robots as a core strategic business for future development and has advanced its collaboration with Fourier Intelligent Technology [1][2] - The strategic cooperation aims to enhance the development of components such as harmonic reducers, planetary reducers, tactile sensors, lightweight skeletons, and hollow cup motors [1][2] Company Overview - Zhongding Co., Ltd. has been in the air suspension system business since the 1990s and has continuously improved its product assembly technology, holding core technologies in niche markets [5] - The company has entered the humanoid robot sector, focusing on related component assembly business, particularly in harmonic reducer technology [5][8] Financial Performance - Zhongding's revenue for 2022, 2023, and 2024 was 14.91 billion, 17.24 billion, and 18.85 billion CNY, reflecting year-on-year growth of 16.02%, 15.63%, and 9.33% respectively [6] - The net profit attributable to shareholders for the same years was 969 million, 1.13 billion, and 1.25 billion CNY, with year-on-year growth of 2.04%, 16.78%, and 10.63% respectively [6] - In the first three quarters of 2025, Zhongding achieved a revenue of 14.56 billion CNY, a slight increase of 0.41%, and a net profit of 1.31 billion CNY, marking a significant growth of 24.26% [6] Research and Development - Zhongding's R&D expenses from 2022 to 2024 were 661 million, 783 million, and 845 million CNY, with year-on-year growth rates of 15.44%, 18.42%, and 7.97% respectively [7] - In the first three quarters of 2025, R&D expenses reached 748 million CNY, an increase of 11.38%, accounting for over 5% of the revenue during the same period [8] - The company holds 1,304 independent intellectual property rights, including 259 foreign patents and 206 Chinese invention patents [8] Strategic Partnerships - Zhongding has signed strategic cooperation agreements with companies like Shenzhen Zhongqing Robot Technology Co., Ltd. and Efort Intelligent Equipment Co., Ltd. to enhance its core advantages in humanoid robot component assembly [6] - The company is also collaborating with Shenzhen Zhujidi Power Technology Co., Ltd. to develop a complete industrial chain for robot manufacturing and OEM business [6]