证券代码：001696 证券简称：宗申动力 公告编号：2025-59 重庆宗申动力机械股份有限公司 关于向参股公司增资暨关联交易的公告 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。 重要内容提示： 1．交易内容：重庆宗申动力机械股份有限公司（简称"公司"）拟与关联 方重庆宗申投资有限公司（简称"宗申投资"）以现金方式向重庆宗申新智造 科技有限公司（简称"宗申新智造"）按持股比例增资 32,378.51 万元，其中 公司出资 15,635.58 万元。 2．本次交易构成关联交易，未构成重大资产重组。 3．至本次关联交易为止，过去 12 个月内公司已向宗申新智造增资 642.26 万元。 4．本次关联交易事项已经独立董事专门会议审议通过，并于 2025 年 10 月 29 日经公司第十二届董事会第二次会议审议通过，无需提交公司股东会审议。 2．法定代表人：李耀 一、关联交易概述 1．根据宗申新智造经营管理的资金需求，公司拟与关联方宗申投资以现金 方式向宗申新智造按持股比例增资 32,378.51 万元，其中宗申投资出资 16,742.93 万元，公司出资 15, ...

独立董事 2025 年第二次专门会议决议 本次向参股公司增资是为满足宗申新智造经营管理的需要，公司提供必要的资金支持， 本次关联交易事项遵循公平、公正、公开的原则进行，参股公司双方股东均按持股比例以 现金方式出资，交易定价公允合理，不存在损害公司及股东利益，尤其是中小股东利益的 情形，不会影响公司的独立性，亦不会对公司持续经营能力产生不利影响。综上所述，我 们一致同意将此事项提交公司董事会审议，关联董事应回避表决。 特此决议！ 重庆宗申动力机械股份有限公司 独立董事：易继明、郑亚光、贾滨 2025 年 10 月 24 日 重庆宗申动力机械股份有限公司 独立董事 2025 年第二次专门会议决议 根据《上市公司独立董事管理办法》《上市公司治理准则》《深圳证券交易所股票上 市规则》等相关法律、法规和规范性文件的有关规定，重庆宗申动力机械股份有限公司（简 称"公司"）于 2025 年 10 月 21 日以专人送达、传真或电子邮件方式发出召开独立董事 2025 年第二次专门会议通知，并于 2025 年 10 月 24 日以通讯表决方式召开。 会议应出席独立董事 3 名，实际出席会议独立董事 3 名，独立董事易继明先生、 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-60 自 2025 年 1 月 1 日至 2025 年 9 月 30 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。 重庆宗申动力机械股份有限公司 董事会 2025 年 10 月 31 日 1 / 3 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 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 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"）第十一届董事会第十九次 会议和 2024 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 2025 年年度股东会重新核定额度前。具体 内容详见公司于2025年4月1日和4月 22日在巨潮资讯网（www.cninfo.com.cn） 上 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-61 重庆宗申动力机械股份有限公司 关于召开 2025 年第三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10月31日在指 定媒体和网站上披露《公司2025年第三季度报告》。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年第三季度报告和经营情况，公司定于 2025年11月7日（星期五）在全景网召开2025年第三季度业绩说明会，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 1．召开时间：2025年11月7日（星期五）下午15:00-16:00 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 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-57 重庆宗申动力机械股份有限公司 3．董事出席会议情况 会议应到董事 9 名，实到董事 9 名，以通讯表决方式出席会议的为独立董事 易继明先生、郑亚光先生和贾滨先生。董事长左宗申先生主持会议，公司高级管 理人员列席会议，符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 经会议逐项审议并表决，作出如下决议： 第十二届董事会第二次会议决议公告 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。 一、董事会会议召开情况 1．会议通知情况 重庆宗申动力机械股份有限公司（简称"公司"）董事会于 2025 年 10 月 24 日向全体董事和高级管理人员以专人送达、邮件或传真方式发出了会议通知 及相关材料。 2．会议召开的时间、地点、方式 公司第十二届董事会第二次会议于 2025 年 10 月 29 日在宗申工业园办公大 楼一楼会议室以现场和通讯表决的方式召开。 1．公司第十二届董事会第二次会议决议； 2．公司董事会审计委员会 2025 年第五次会议决议； 3．独立董事 2025 年第二次专门会议决 ...

Core Viewpoint - Zongshen Power (001696.SZ) reported strong financial performance in the third quarter, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company's operating revenue for the first three quarters reached 9.58 billion, representing a year-on-year increase of 31.18% [1] - The net profit attributable to shareholders of the listed company was 758 million, showing a remarkable year-on-year growth of 93.7% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 710 million, reflecting a year-on-year increase of 92.63% [1]

Financial Performance - The company's revenue for the third quarter reached ¥2,927,682,940.03, representing a year-on-year increase of 14.32%[4] - Net profit attributable to shareholders was ¥252,058,339.10, a significant increase of 130.65% compared to the same period last year[4] - The basic earnings per share rose to ¥0.2201, reflecting a growth of 130.71% year-on-year[4] - Total operating revenue for the current period reached ¥9,638,970,204.82, a 30.1% increase from ¥7,404,741,793.19 in the previous period[26] - Net profit for the current period was ¥777,286,486.77, up 85.0% from ¥420,157,543.11 in the previous period[27] - Basic and diluted earnings per share increased to ¥0.6617 from ¥0.3416, representing a 93.8% growth[28] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥12,703,393,090.80, an increase of 5.97% from the end of the previous year[4] - Total assets rose to ¥12,703,393,090.80, compared to ¥11,987,782,082.65 in the previous period, marking a 6.0% increase[24] - Total liabilities increased to ¥6,773,032,135.13 from ¥6,569,874,210.92, reflecting a 3.1% rise[24] - The total equity attributable to shareholders of the parent company increased to ¥5,482,996,284.85 from ¥4,989,644,246.74, a growth of 9.9%[24] - The company’s total liabilities and equity amounted to ¥12,703,393,090.80, up from ¥11,987,782,082.65, reflecting a 6.0% increase[24] Cash Flow - The company reported a cash flow from operating activities of ¥686,706,982.62, which is an increase of 86.87% year-to-date[4] - The net cash flow from operating activities increased by 86.87% year-on-year, reaching ¥68,670.70 million, primarily due to higher cash received from sales[15] - Operating cash inflow for the current period reached ¥9,479,654,863.02, a 31.7% increase from ¥7,197,283,224.29 in the previous period[29] - Cash received from sales of goods and services totaling ¥8,977,049,253.35, an increase of 32.3% from ¥6,787,391,545.11[29] - Cash paid to employees was ¥878,499,699.89, an increase of 25% from ¥703,276,188.39 year-on-year[29] Investments and Subsidies - Investment income surged by 318.43% to ¥11,646.68, driven by increased returns from joint ventures[13] - The company reported a significant increase in government subsidies, which positively impacted other income by 62.80%[13] - The company is actively investing in new factory projects, leading to a 111.56% increase in construction in progress[11] - Long-term equity investments rose to ¥1,065,806,357.60 from ¥955,039,208.30, indicating a strategic focus on long-term growth[21] - The company reported an investment income of ¥116,466,798.55, significantly higher than ¥27,834,328.62 in the previous period[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 164,538, with no preferred shareholders having restored voting rights[17] - 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[17] Other Financial Metrics - The weighted average return on equity increased by 6.32 percentage points to 14.31%[4] - Research and development expenses for the current period were ¥252,308,220.02, up from ¥219,673,876.07, indicating a 14.8% increase[26] - Other comprehensive income after tax was -¥36,900,551.27, compared to -¥14,271,560.76 in the previous period[27] - The cash flow impact from exchange rate fluctuations was positive, increasing by 57.83% to ¥4,829.67 million, mainly due to USD/RMB exchange rate changes[15] Cash and Cash Equivalents - The company's cash and cash equivalents at the end of the period were ¥1,340,635,041.41, down from ¥1,499,326,983.32 at the beginning of the period[21] - The cash and cash equivalents at the end of the period amounted to ¥1,249,777,211.89, down from ¥1,510,577,453.09 in the previous period[30]

Core Viewpoint - Chongqing's motorcycle giants, Longxin General and Zongshen Power, are experiencing significant profit growth under the leadership of Zuo Zongshen, with both companies expected to report substantial net profit increases by the third quarter of 2025 [2][8] Group 1: Company Performance - Longxin General and Zongshen Power are projected to achieve net profits of 15.2 billion to 16.2 billion yuan and 6.65 billion to 7.82 billion yuan respectively in the first three quarters of 2025, marking year-on-year increases of 69.13% to 80.26% and 70% to 100% [8] - In 2024, Zongshen Power's revenue reached 10.384 billion yuan, a year-on-year growth of 29.84%, with a net profit of 461 million yuan, up 27.45% [5] - Longxin General's "Wuji" brand has become a key driver of growth, with revenue from this series reaching 1.98 billion yuan in the first half of 2025, a 30.23% increase, and export sales rising by 83.31% [10] Group 2: Market Position and Strategy - Zongshen Power and Longxin General ranked second and third in motorcycle sales in China in 2024, with sales of 1.8 million and 1.54 million units respectively [2][6] - Zuo Zongshen has strategically focused on the motorcycle core business, avoiding diversification into real estate and mining, which has contributed to sustained growth [5] - The integration of Longxin General into Zongshen Power's operations has positioned the combined entity as the leading motorcycle manufacturer in China [2][6] Group 3: International Expansion - Longxin General has established a sales network with 1,292 outlets overseas, surpassing the 1,053 outlets in China, indicating a strong international presence [11] - Zongshen Power's domestic and international sales are nearly equal, with domestic sales accounting for 50.23% and international sales 49.77% [12] Group 4: Future Prospects - Zongshen Power is exploring opportunities in the low-altitude economy, with its aviation subsidiary, Zongshen Aviation, being one of the first private companies in China to successfully develop aviation engines [12] - Despite the positive outlook, Zongshen Power recently announced the termination of its IPO plans for Zongshen Aviation due to strategic considerations and market conditions [13]

Group 1 - China's reusable rocket technology is making significant breakthroughs, with the successful static fire test of the Zhuque-3 rocket, which is designed for large satellite constellation networking [1] - The Zhuque-3 rocket is a large-capacity, low-cost, reusable liquid launch vehicle made from stainless steel, indicating advancements in material use for space technology [1] - The country aims to enhance its reusable rocket capabilities, with multiple rockets, including Zhuque-3 and Tianlong-3, set for maiden flights or tests this year [1] Group 2 - The commercial space industry in China is entering a recovery phase, with a projected increase in rocket launch demand due to the "Hundred Arrows, Thousand Stars" plan, which anticipates nearly 2,500 satellite launches by 2035 [2] - The industry is experiencing a policy boost, with Shandong province aiming for an annual production capacity of 100 rockets and 150 commercial satellites by 2027, targeting a market size of 50 billion yuan [1] Group 3 - A total of 67 stocks in the A-share market are involved in the commercial space industry, with 16 stocks receiving ratings from five or more institutions, indicating strong institutional interest [3] - Companies like Zhimin Da and Narui Radar are expected to see significant profit growth, with projected increases in net profit exceeding 100% for several firms [3][4] - Dragonfly Co. has seen a remarkable increase in northbound capital holdings, with a 1,085.7% increase in shares held, reflecting strong investor interest in the commercial aerospace sector [5][6]

Core Viewpoint - The termination of the IPO process for Zongshen Aviation Power signals a shift in the low-altitude economy, indicating a cooling trend in investment and a need for companies to become self-sustaining after a period of rapid growth and speculation [3][5]. Company Summary - Zongshen Aviation Power, established in 2016, focuses on lightweight piston aircraft engines for various types of aircraft, including drones and rotorcraft [3]. - The company underwent five rounds of financing from August 2020 to May 2023, raising its valuation from 623 million to 2.2 billion yuan, involving 22 industry capital investors [3][4]. - The company faced significant operational challenges, with a reported revenue of 70.34 million yuan in mid-2025, a year-on-year decline of 29.71%, and a net loss of 37 million yuan, a substantial drop of 316.3% [4]. - Zongshen Aviation Power has been on a losing streak for three consecutive years, with net losses of 9.38 million yuan, 43.22 million yuan, and 3.62 million yuan from 2022 to 2024 [4]. - The company was added to the U.S. Treasury's OFAC SDN list in May 2024, complicating its path to IPO [4]. Industry Summary - The overall financing landscape for the low-altitude economy is contracting, with only 15 disclosed financing events in the eVTOL sector in the first half of 2025, compared to 16 events in the second half of 2024 [5]. - The trend shows a shift towards earlier investment rounds, with angel rounds making up 40.4% of financing, indicating a preference for smaller, earlier-stage investments [5]. - Investment institutions are increasingly cautious, focusing on the research capabilities and policy safety of low-altitude economy enterprises [6][8]. - The lack of a commercial closed loop in the low-altitude economy is a significant barrier, with many companies, including leading firms, reporting substantial losses [10]. - Despite the cooling investment climate, there has been a surge in orders for eVTOLs, with over 100 billion yuan in orders reported in the first half of 2025, driven by international demand and financial leasing models [11][13][14]. - The supply chain for low-altitude economy is rapidly developing, with numerous battery manufacturers entering the aviation battery market and companies from the electric vehicle sector expanding into electric control and motor production [16][18].