Investment Rating - The report maintains a "Recommendation" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [9][21]. Core Insights - The company reported a significant year-on-year revenue increase of 39.1% in Q1 2025, reaching 3.24 billion yuan, with a net profit of 230 million yuan, reflecting an 88.3% growth [2]. - The report highlights three key growth areas for the company: aviation power systems, motorcycle engines, and general machinery, with expectations for continued strong performance in these segments [3][4]. - The company has adjusted its profit forecasts for 2025-2027 upwards due to better-than-expected business growth and investment income from a joint venture, projecting net profits of 713 million yuan, 834 million yuan, and 949 million yuan respectively [9]. Financial Performance Summary - In Q1 2025, the company achieved a net profit of 230 million yuan, a year-on-year increase of 88.3%, and a non-recurring net profit of 220 million yuan, up 87.2% [2]. - The company's revenue from motorcycle engine sales reached 3.82 billion yuan in 2024, with a year-on-year growth of 13.8% and a net profit of 153 million yuan, reflecting an 18.84% increase [3]. - The general machinery segment reported a revenue of 5.22 billion yuan in 2024, with a net profit of 359 million yuan, marking a 39.33% increase [4]. - The financial projections for the company indicate a total revenue of 12.69 billion yuan in 2025, with a year-on-year growth rate of 20.8% and a net profit of 713 million yuan, representing a 54.5% increase [5].

Core Viewpoint - The company, Chongqing Zongshen Power Machinery Co., Ltd., has disclosed its first quarter report for 2025, ensuring the accuracy and completeness of the information provided [1][2][7]. Financial Data - The first quarter report has not been audited [6]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the reporting period [3]. Shareholder Information - The company has confirmed the total number of ordinary shareholders and the status of major shareholders, with no changes reported in the top ten shareholders due to securities lending activities [5]. Other Important Matters - The company will hold a performance briefing on May 6, 2025, to discuss the first quarter results and address investor inquiries [7][8]. - Investors are encouraged to submit questions in advance to enhance the relevance of the discussion during the briefing [9]. Investment Activities - The company has been authorized to use up to 1 billion RMB of its idle funds for financial investment activities, with no transactions constituting related party transactions reported during the first quarter [12].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥3,226,268,027.31, representing a 40.57% increase compared to ¥2,295,086,949.39 in the same period last year[4] - Net profit attributable to shareholders was ¥226,342,822.50, an increase of 88.28% from ¥120,213,250.48 year-on-year[4] - Basic earnings per share rose to ¥0.1977, up 88.29% from ¥0.1050 in the same period last year[4] - Total operating revenue for the current period reached ¥3,242,559,134.79, a significant increase from ¥2,330,924,337.76 in the previous period, representing a growth of approximately 39.1%[22] - Net profit for the current period was ¥230,960,170.99, compared to ¥127,785,335.51 in the previous period, indicating a year-over-year increase of about 80.8%[23] - The total comprehensive income for the period was CNY 226,490,639.35, compared to CNY 130,587,568.42 in the previous period, representing an increase of approximately 73.3%[24] - Basic and diluted earnings per share increased to CNY 0.1977 from CNY 0.1050, reflecting an increase of 88.8%[24] - The operating profit for the current period was ¥266,813,766.31, compared to ¥147,973,359.45 in the previous period, indicating an increase of about 80.0%[23] Cash Flow - The net cash flow from operating activities improved significantly to ¥394,149,597.88, a 298.22% increase from a negative cash flow of ¥198,847,683.54 in the previous year[4] - Cash inflow from operating activities was CNY 3,413,073,853.43, up from CNY 1,964,368,780.87, marking a growth of 73.7%[25] - The net cash flow from operating activities was CNY 394,149,597.88, a significant improvement from a net outflow of CNY 198,847,683.54 in the previous period[25] - Cash flow from investing activities resulted in a net outflow of CNY 64,436,896.12, compared to a net outflow of CNY 138,422,710.85 previously, indicating a reduction in cash outflow by 53.4%[26] - Cash flow from financing activities showed a net outflow of CNY 63,735,106.59, a decrease from a net inflow of CNY 765,684,894.75 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,213,678,765.07, a 1.88% increase from ¥11,987,782,082.65 at the end of the previous year[4] - Current liabilities rose to ¥4,088,187,577.00, up from ¥3,904,156,411.89, marking an increase of about 4.7%[20] - The company's long-term borrowings decreased to ¥1,587,000,000.00 from ¥1,725,100,000.00, a reduction of approximately 8.0%[20] - The company's total liabilities decreased slightly to ¥6,568,791,547.54 from ¥6,569,874,210.92, a decline of about 0.02%[20] - The equity attributable to the parent company increased to ¥5,212,118,498.23 from ¥4,989,644,246.74, reflecting a growth of approximately 4.5%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 225,485[16] - The largest shareholder, Chongqing Zongshen High-speed Boat Development Co., Ltd., holds 20.10% of shares, totaling 230,192,114 shares, with 90,000,000 shares pledged[16] - The company reported a total of 207,384,700 unrestricted shares held by the top 10 shareholders, with no shares under lock-up[17] Government Support and Investments - The company received government subsidies amounting to ¥4,444,450.16, contributing positively to its financial performance[5] - The company reported a significant increase in investment income, which rose to ¥4,178.65, a staggering 1280.14% increase from ¥302.77 in the previous year[11] Market and Operational Insights - The company actively expanded its market presence, leading to a 40.94% increase in operating costs, which reached ¥279,911.46 compared to ¥198,600.02 in the previous year[11] - Research and development expenses for the current period were ¥76,860,645.07, compared to ¥67,063,902.65 in the previous period, showing an increase of about 14.0%[22] Future Outlook - The company has not disclosed any new product or technology developments during the reporting period[17] - There are no significant mergers or acquisitions reported in the current financial period[17] - The company has not provided specific future guidance or performance outlook in the conference call[17] - The company plans to implement new accounting standards starting in 2025, which may impact financial reporting[27]

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 重庆宗申动力机械股份有限公司（简称"公司"）第十一届董事会第十四次 会议和 2023 年年度股东大会审议通过《关于公司开展理财业务的议案》：批准 使用投资理财金额日峰值不超过 10 亿元人民币（含）的自有闲置资金及信贷融 资资金开展理财业务，有效期至公司 2024 年年度股东大会重新核定额度前。具 体 内 容 详 见 公 司 于 2024 年 3 月 30 日 和 4 月 20 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）上披露的相关公告。 证券代码：001696 证券简称：宗申动力 公告编号：2025-29 重庆宗申动力机械股份有限公司 关于购买理财产品的进展公告 自 2025 年 1 月 1 日至 2025 年 3 月 31 日，公司及子公司使用自有资金购买 理财产品金额未超过公司股东大会授权额度，以上购买理财产品的交易均不构成 关联交易，具体情况请见附件《重庆宗申动力机械股份有限公司购买理财产品情 况表》。 特此公告。 2025 年 4 月 29 日 1 / 2 附件：重庆宗申动力机械股 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-30 重庆宗申动力机械股份有限公司 关于召开 2025 年第一季度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 重庆宗申动力机械股份有限公司（简称"公司"）已于2025年4月29日在指 定媒体和网站上披露公司《2025年第一季度报告》。为加强投资者关系管理，便 于广大投资者更深入、全面了解公司2025年第一季度报告和经营情况，公司定于 2025年5月6日（星期二）在全景网召开2025年第一季度业绩说明会，将针对经营 业绩等投资者关心的问题与广大投资者进行在线交流和沟通，欢迎广大投资者积 极参与。 一、网上业绩说明会的安排 2．出席人员：公司总经理、董事黄培国先生，副总经理、财务总监刘源洪 先生，独立董事郑亚光先生，副总经理、董事会秘书林艺先生（如遇特殊情况， 参会人员可能进行调整）。 3．参与方式：本次业绩说明会将采用网络远程方式召开，投资者可登陆全 景网"投资者关系互动平台"（http://ir.p5w.net）参与。 二、征集问题事项 为充分尊重投资者、提升交流的针对性，现就 ...

Group 1 - The core point of the article is that Zongshen Power (001696) reported significant growth in its financial performance for the first quarter of 2025, with revenue reaching 3.226 billion yuan, an increase of 40.57% year-on-year [1] - The net profit for the same period was 226 million yuan, reflecting a substantial year-on-year growth of 88.28% [1]

2025.04. 23 作者 | 一财资讯 贵金属板块重挫，赤峰黄金跌停，四川黄金跌超9%，晓程科技、湖南黄金等大跌。 4月23日，三大股指收盘涨跌不一，沪指跌0.1%，深成指涨0.67%，创业板指涨1.07%。 | 板块名称 | 涨幅量 | 主力金额 | 板块名称 | 涨幅4 | 主力金额 | | --- | --- | --- | --- | --- | --- | | 人形机器人 | +4.58% | +62.847. | 贵金属 | -7.38% | -14.22 Z | | 电机 | +4.32% | +9.50 7. | 黄金概念 | -3.44% | -22.35 乙 | | 汽车零部件 | +3.92% | +43.53 7. | 食品加工制造 | -3.13% | -7.08亿 | | 汽车热管理 | +3.67% | +22.92 7 | 无米 | -2.88% | -8.93 乙 | | 飞行汽车[eVTOL] | +3.54% | +17.51 7. | 别 | -2.86% | -1.62 7. | | 一体化压铸 | +3.48% | +9.08 7. | 粮食概念 | -2.82 ...

上海锦天城（重庆）律师事务所 关于重庆宗申动力机械股份有限公司 2024年年度股东会法律意见书 致：重庆宗申动力机械股份有限公司 上海锦天城（重庆）律师事务所（以下简称"本所"）接受重庆宗申动力机械股 份有限公司（以下简称"公司"）委托，指派张梅律师、张莹月律师出席公司于2025 年4月21日下午14:30在重庆市巴南区渝南大道126号，宗申工业园办公大楼一楼会议 室召开的2024年年度股东会（以下简称"本次股东会"），就公司本次股东会的召集 和召开程序、召集人资格、出席会议人员资格、本次股东会的表决程序、表决结果 等相关问题出具本法律意见书。 本法律意见书根据已发生或存在的事实，根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规、规范性文件以及《深圳 证券交易所上市公司股东会网络投票实施细则》（以下简称"《股东会网络投票实施 细则》"）、《重庆宗申动力机械股份有限公司章程》（以下简称"《公司章程》"）的相 关规定出具。 本法律意见书仅供公司本次股东会之目的使用，不得被其他任何人用于其 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-27 重庆宗申动力机械股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 2．召开地点：宗申工业园办公大楼一楼会议室 3．召集人：公司董事会 4．召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 1．本次股东大会没有增加、否决或变更提案； 2．本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议的召开和出席情况 1．召开时间：2025 年 4 月 21 日（星期一） 现场会议召开时间：2025 年 4 月 21 日（星期一）下午 14:30； 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 4 月 21 日上午 9:15-9:25,9:30-11:30，下午 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的开始时间（2025 年 4 月 21 日上午 9:15）至投票结束时间（2025 年 4 月 21 日下午 15:00）的任意时间。 5．主持人：董事长左宗申先生 6．会议的召开符 ...

Group 1: Impact of Tariffs - The company's domestic sales accounted for 51.99% of total revenue, while export sales made up 48.01%, indicating a higher reliance on domestic markets [1] - The company has shifted its export capacity to Vietnam to mitigate the impact of U.S. tariffs, resulting in minimal effects on its overall operations [1] - The tariff situation may accelerate industry consolidation, as smaller manufacturers lacking international capabilities may lose orders, prompting clients to seek more stable suppliers [2] Group 2: Aviation Engine Sector - The company entered the aviation engine sector in 2014 and has developed five major aviation power platforms, launching over 20 derivative products [2] - The company aims to become a leading domestic and internationally recognized player in the small to medium-sized aviation power market [2] Group 3: Technological Transformation - The company believes that there are no sunset industries, only sunset enterprises, and has solidified its leadership position through digitalization and smart manufacturing [3] - Efforts to enhance production management efficiency and core competitiveness are ongoing, with significant growth potential anticipated [3] Group 4: Stock Performance and Market Perception - The company's strong fundamentals and continuous profitability have not yet been reflected in its stock price, which is influenced by broader market sentiment and expectations [3] - The company projects a 70%-100% increase in net profit attributable to shareholders for Q1 2025, showcasing its operational efforts and industry context [3]