证券日报网讯三联锻造（001282）9月3日在互动平台回答投资者提问时表示，截至2025年8月29日，股 东人数15265名。 ...

Core Viewpoint - Wuhu Sanlian Forging Co., Ltd. plans to issue convertible bonds to raise up to 650 million yuan, marking its first public financing since its IPO in May 2023, amid slowing revenue and profit growth [1][5][9] Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 775 million yuan, a year-on-year increase of 6.86% [1][7] - The net profit attributable to shareholders was 71.34 million yuan, up 3.88% year-on-year, while the net profit after deducting non-recurring gains and losses was 69.12 million yuan, reflecting a 5.93% increase [1][7] - The company's revenue from new energy vehicle products reached 203 million yuan, accounting for 28.08% of its main business revenue [8] Group 2: Financing and Investment Plans - The total amount to be raised from the convertible bond issuance is capped at 650 million yuan, adjusted from an initial target of 790 million yuan due to previous fundraising exceeding 30% of the total [4] - The funds will be allocated to projects including precision machining for new energy vehicle components, lightweight forging production, and a precision forging component R&D project, as well as to supplement working capital [4][5] Group 3: Historical Context and Growth Trends - The company was listed on the Shenzhen Stock Exchange on May 24, 2023, and this is its first direct public financing since then [6] - From 2022 to 2024, the company’s operating revenue is projected to grow from 1.05 billion yuan to 1.56 billion yuan, with net profits increasing from 95 million yuan to 146 million yuan [7]

Core Viewpoint - The company, Wuhu Sanlian Forging Co., Ltd., is planning to issue convertible bonds to raise up to 650 million yuan for various projects and to supplement working capital, following a slowdown in revenue and profit growth in the first half of 2025 [1][5][12]. Group 1: Financial Performance - In the first half of 2025, the company reported revenue of 775 million yuan, a year-on-year increase of 6.86%, and a net profit attributable to shareholders of 71.34 million yuan, up 3.88% [10]. - The company's revenue from new energy vehicle products reached 203 million yuan, accounting for 28.08% of its main business revenue [11]. - Compared to the same period last year, the growth rates for revenue and net profit have significantly slowed, with last year's growth rates at 33.72% and 32.17%, respectively [12]. Group 2: Fundraising and Projects - The company plans to issue convertible bonds to raise funds for projects including precision machining for new energy vehicle components, lightweight forging production, and a production base in Morocco [5]. - This fundraising effort marks the company's first public direct financing since its IPO in May 2023, where it raised approximately 792.65 million yuan [6]. - The previous fundraising included an excess of 237.44 million yuan, of which 188 million yuan has already been used to supplement working capital [6]. Group 3: Company Background - Wuhu Sanlian Forging specializes in the research, production, and sales of automotive forged components, primarily used in high-performance automotive systems [8]. - The company was listed on the Shenzhen Stock Exchange on May 24, 2023, and has shown a growth trend in revenue and net profit from 2022 to 2024 [9].

Summary of the Conference Call for Sanlian Forging Company Overview - **Company**: Sanlian Forging - **Industry**: Forging and manufacturing of automotive components Key Financial Performance - **2025 H1 Revenue**: 775 million RMB, a year-on-year increase of 6.86% [3] - **Net Profit**: 71 million RMB, with a non-recurring net profit of 69 million RMB, representing growth of 3.88% and 5.93% respectively [3] - **Full Year Growth Expectation**: Anticipated revenue and profit growth in the range of 5%-10% for the entire year [2] Customer Structure - **Top Customers**: - ZF Friedrichshafen (ZF) increased its share to 20%, potentially surpassing Schaeffler as the largest customer by year-end [2][5] - The top five customers account for 56%-57% of total revenue, maintaining stability in customer structure [5] Profitability and Margins - **Gross Margin Performance**: - Domestic gross margin under pressure due to new factory trials in Wuhu, with losses of approximately 10 million RMB expected to break even by year-end [6] - Export gross margin improved significantly due to product structure adjustments and reduced pricing pressure abroad [6] Business Segments and Growth Drivers - **Steering Knuckle and Fork Business**: - Growth driven by increased project volume from ZF [7] - New orders from Xinxiang Jinruiteng contributed to revenue growth in the fork business [7] - **New Projects**: - BMW Air Suspension and Ideal Motor Shaft projects have commenced supply, with IGBT copper plates gradually ramping up [8] - Focus on product development in robotics, with positive feedback on linear detectors [9] International Expansion - **Morocco Factory Plans**: - First overseas factory planned in Morocco with an initial investment of 120 million RMB, aimed at serving the European market [2][25] - Expected to begin construction by year-end or early next year, with a total investment of 600-700 million RMB over five years [25][28] - **Customer Commitment**: - While no formal commitments from customers, there are verbal assurances of prioritizing projects at the Moroccan facility [12][33] Future Revenue Projections - **2026 Revenue Expectations**: - Anticipated revenue of 1.8 to 1.9 billion RMB, driven by several key projects including the aluminum control arm for BMW and IGBT copper plate projects [4][19] R&D and Product Development - **New Product Development**: - RGBT cooling copper plates and thermal management systems expected to enter production in 2025 and 2026 [4][13] - Investment of 80 million RMB in precision forging components, focusing on robotics and aerospace parts [4][13] Challenges and Market Conditions - **Cost and Pricing**: - Higher costs in Morocco due to supply chain issues, with overseas pricing generally higher than domestic [29][30] - Customers are generally understanding of the price differences, seeking reasonable profit margins for long-term partnerships [30] Conclusion - **Overall Outlook**: - The company maintains a positive outlook for future growth, particularly in overseas markets, while continuing to enhance product quality and production efficiency [10][12]

Group 1: Company Performance - XINWANDA reported a revenue of 26.985 billion yuan, a year-on-year increase of 12.82%, and a net profit of 856 million yuan, up 3.88% [1] - GUANGXUN TECHNOLOGY achieved a revenue of 5.243 billion yuan, a year-on-year increase of 68.59%, and a net profit of 372 million yuan, up 78.98% [1] - NORTHEAST SECURITIES posted a revenue of 2.046 billion yuan, a year-on-year increase of 31.66%, and a net profit of 431 million yuan, up 225.90% [1][2] - SHANXI COAL reported a revenue of 18.053 billion yuan, a year-on-year decrease of 16.30%, and a net profit of 1.014 billion yuan, down 48.44% [3] - SHENGTIAN NETWORK achieved a revenue of 633 million yuan, a year-on-year increase of 17.23%, and a net profit of 52.304 million yuan, up 1186.02% [4] - SANLIAN FORGING reported a revenue of 775 million yuan, a year-on-year increase of 6.86%, and a net profit of 71.335 million yuan, up 3.88% [5][6] - JIAMEI PACKAGING posted a revenue of 1.257 billion yuan, a year-on-year decrease of 8.73%, and a net profit of 19.7416 million yuan, down 65.59% [8] - ANZHENG FASHION achieved a revenue of 1.146 billion yuan, a year-on-year increase of 12.38%, and a net profit of 22.0834 million yuan, turning from a loss of 12.1096 million yuan in the previous year [9] - HUAHENG BIO reported a revenue of 1.489 billion yuan, a year-on-year increase of 46.54%, and a net profit of 115 million yuan, down 23.26% [10] - BAIREN MEDICAL achieved a revenue of 248 million yuan, a year-on-year increase of 30.07%, and a net profit of 71.4006 million yuan, up 102.90% [12] - TIANZHIHANG reported a revenue of 125 million yuan, a year-on-year increase of 114.89%, but a net loss of 57.5482 million yuan, worsening by 23.80% [14] - AIBO MEDICAL achieved a revenue of 787 million yuan, a year-on-year increase of 14.72%, and a net profit of 213 million yuan, up 2.53% [15] - ZHONGSHAN SHIPPING reported a revenue of 12.585 billion yuan, a year-on-year decrease of 4.91%, and a net profit of 2.125 billion yuan, down 14.91% [16] - SHANGHAI XINYANG achieved a revenue of 897 million yuan, a year-on-year increase of 35.67%, and a net profit of 133 million yuan, up 126.31% [17] - SHANCOAL INTERNATIONAL reported a revenue of 9.66 billion yuan, a year-on-year decrease of 31.28%, and a net profit of 655 million yuan, down 49.25% [18] - GUIDANCE reported a revenue of 935 million yuan, a year-on-year increase of 71.55%, and a net profit of 143 million yuan, turning from a loss of 48.9539 million yuan in the previous year [19] - YINGFANGWEI reported a revenue of 1.927 billion yuan, a year-on-year increase of 4.48%, but a net loss of 32.2966 million yuan, worsening from a loss of 22.4024 million yuan in the previous year [21] - CHINA COMMUNICATIONS reported a revenue of 14.665 billion yuan, a year-on-year increase of 2.91%, and a net profit of 1.621 billion yuan, up 1.34% [22] - CHINA GENERAL NUCLEAR reported a revenue of 39.167 billion yuan, a year-on-year decrease of 0.53%, and a net profit of 5.951 billion yuan, down 16.30% [23] - CHINA HEAVY TRUCK reported a revenue of 26.162 billion yuan, a year-on-year increase of 7.22%, and a net profit of 669 million yuan, up 8.10% [24] - SHENGGUANG GROUP achieved a revenue of 9.275 billion yuan, a year-on-year increase of 22.78%, and a net profit of 60.8446 million yuan, up 3.06% [25] Group 2: Dividend Proposals - XINWANDA proposed a cash dividend of 0.6 yuan per 10 shares [1] - SHANXI COAL proposed a cash dividend of 0.36 yuan per 10 shares [3] - ZHONGSHAN SHIPPING proposed a cash dividend of 0.7 yuan per 10 shares [16] - CHINA HEAVY TRUCK proposed a cash dividend of 3.15 yuan per 10 shares [24]

Core Viewpoint - Sanlian Forging (001282.SZ) plans to issue convertible bonds to raise up to RMB 65 million after adjustments, with proceeds allocated to various projects and working capital [1][2]. Fundraising Details - The total amount to be raised from the issuance of convertible bonds is capped at RMB 79 million, but due to previous fundraising exceeding 30%, the adjusted amount is RMB 65 million [1]. - The net proceeds after deducting issuance costs will be used for several projects, including: - New energy vehicle components: RMB 32 million - Automotive lightweight forgings (Phase I): RMB 17 million - Precision forging components research: RMB 8 million - Automotive precision forging production base (Phase I): RMB 4 million - Working capital: RMB 4 million - The total investment for these projects is approximately RMB 112.75 million [1]. Convertible Bond Characteristics - The convertible bonds will be issued at par value of RMB 100 each, with a maturity of six years from the issuance date [1]. - The interest rate will be determined based on market conditions and company specifics, with annual interest payments [2]. - Holders of the bonds have the option to convert them into shares after a six-month period from issuance [2]. Shareholder Rights and Issuance Process - Existing shareholders will have priority in the subscription of the convertible bonds, with the specific allocation ratio to be determined prior to issuance [3]. - Any unsubscribed portion will be offered to institutional investors and through online pricing on the Shenzhen Stock Exchange [3][4]. Previous Fundraising and Financial Performance - Sanlian Forging previously raised RMB 79.27 million through an IPO, with a net amount of RMB 67.21 million after expenses, exceeding initial plans by RMB 23.74 million [4]. - The company plans to distribute dividends of RMB 3.33 per 10 shares and issue 4 additional shares for every 10 shares held, with key dates set for July 2024 [5].

Financial Performance - The company reported a total revenue of 775 million yuan, ranking 114th among disclosed peers [1] - The net profit attributable to shareholders was 71.34 million yuan [1] - The net cash inflow from operating activities was 13.50 million yuan, a decrease of 1.59 million yuan compared to the same period last year, representing a year-on-year decline of 10.54% [1] Financial Ratios - The latest debt-to-asset ratio is 38.86%, an increase of 0.24 percentage points from the previous quarter and an increase of 11.75 percentage points from the same period last year [3] - The latest gross profit margin is 20.72% [3] - The return on equity (ROE) is 4.46%, a decrease of 0.19 percentage points compared to the same period last year [3] Efficiency Metrics - The diluted earnings per share (EPS) is 0.32 yuan [4] - The total asset turnover ratio is 0.32 times, a decrease of 0.06 times compared to the same period last year, representing a year-on-year decline of 15.66% [4] - The inventory turnover ratio is 1.58 times, ranking 145th among disclosed peers, a decrease of 0.40 times compared to the same period last year, representing a year-on-year decline of 20.34% [4] Shareholder Information - The number of shareholders is 16,200, with the top ten shareholders holding 170 million shares, accounting for 76.41% of the total share capital [4] - The largest shareholder is Sun Guofeng, holding 20.1% of the shares [4]

Group 1 - The core viewpoint of the article is that Sanlian Forging (001282.SZ) reported its half-year results for 2025, showing positive growth in both revenue and net profit [1] - The company achieved an operating income of 775 million yuan, representing a year-on-year increase of 6.86% [1] - The net profit attributable to shareholders of the listed company was 71.34 million yuan, reflecting a year-on-year growth of 3.88% [1]

Group 1 - The stock price of Sanlian Forging closed at 20.79 yuan on August 27, 2025, down 0.65 yuan, a decrease of 3.03% from the previous trading day [1] - The company primarily engages in the research, development, production, and sales of automotive components, covering areas such as automotive transmission systems and steering systems [1] - Sanlian Forging is headquartered in Anhui and is involved in popular sectors like new energy vehicle components and automotive lightweighting [1] Group 2 - The latest announcement indicates that the company plans to issue convertible bonds to raise no more than 650 million yuan, with funds allocated for precision processing projects of new energy vehicle components and production projects for lightweight forgings [1] - According to the semi-annual report for 2025, the company achieved operating revenue of 775 million yuan in the first half of the year, representing a year-on-year increase of 6.86%, and a net profit attributable to shareholders of 71.34 million yuan, up 3.88% year-on-year [1] Group 3 - On August 27, the net outflow of main funds was 1.55 million yuan, with a cumulative net outflow of 11.47 million yuan over the past five days [1]

证券代码：001282 证券简称：三联锻造 公告编号：2025-051 芜湖三联锻造股份有限公司 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 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特此公告 芜湖三联锻造股份有限公司 董事会 2025 年 8 月 28 日 芜湖三联锻造股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开了 第三届董事会第六次会议，审议通过了公司关于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于指定信息披露媒体和巨潮资讯网 （http://www.cninfo.com.cn）披露的《向不特定对象发行可转换公司债券预案》 等相关公告及文件。 公司本次向不特定对象发行可转换公司债券预案等相关公告披露事项不代 表审核、注册部门对于本次发行相关事项的实质性判断、确认、批准或注册，公 司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需公司股东 会审议通过、深圳证券交易所审核通过并经中国证券监督管理委员会同意注册后 方可实施。敬请广大投资者注意投资风险。 ...