董事会公告 证券代码:002048 证券简称:宁波华翔 公告编号:2025-083 宁波华翔电子股份有限公司 关于与关联方共同收购股权暨关联交易的公告 本公司全体董事、监事、高级管理人员保证公告内容真实、准确和完整， 并对公告中的虚假记载、误导性陈述或者重大遗漏承担责任。 一、 本次关联交易概述 上海峰梅动力系统有限公司（以下简称"峰梅动力""标的公司"）为上汽大众 汽车有限公司（以下简称"上汽大众"）的全资子公司，是为承接上汽大众拟出售的 上海嘉定区发动机一厂土地、厂房、设备和相关业务而专门设立的公司。为促进宁波 华翔电子股份有限公司（以下简称"宁波华翔""公司"）在新能源动力领域和智能 底盘领域的转型升级，推动公司在新能源动力领域相关零部件产品的快速发展，同时 避免新业务及客户订单波动给公司稳定经营带来的风险，经公司 2025 年 12 月 9 日召 开的第八届董事会第二十六次会议审议通过《关于与关联方共同收购上汽大众持有的 峰梅动力 100%股权暨关联交易的议案》，同意公司与实控人控制的企业——宁波峰 梅控股有限公司（以下简称"峰梅控股"）共同以现金出资的方式购买上汽大众持有 的标的公司 100%股权， ...

董事会公告 股票代码：002048 股票简称：宁波华翔 公告编号：2025-082 宁波华翔电子股份有限公司 第八届董事会第二十六次会议决议公告 本公司全体董事、监事、高级管理人员保证公告内容真实、准确和完整，并对公 告中的虚假记载、误导性陈述或者重大遗漏承担责任。 一、董事会会议召开情况 宁波华翔电子股份有限公司(以下简称"公司")第八届董事会第二十六次会议 通知于2025年11月28日以邮件或传真等书面方式发出，会议于2025年12月9日下午3点 半在上海浦东以现场结合通讯的方式召开。会议应出席董事5名，亲自出席董事5名。 董事长周晓峰先生主持会议，公司高管列席了本次会议。本次会议的召开符合《中华 人民共和国公司法》和《公司章程》的有关规定。 董事会公告 让持有的上海峰梅动力系统有限公司股权所涉及的上海峰梅动力系统有限公司股东 全部权益价值咨询报告》（以下简称"咨询报告"），以2025年10月31日为咨询基准 日，标的公司股权股东全部权益价值咨询结果为53,000万元。经交易各方协商确定， 峰梅动力100%股权购买价格为53,000万元，其中公司出资21,200万元，持股占比40%， 峰梅控股出资31,8 ...

（记者 王瀚黎） 每经AI快讯，宁波华翔（SZ 002048，收盘价：30.58元）12月10日晚间发布公告称，公司第八届第二十 六次董事会会议于2025年12月9日在上海浦东以现场结合通讯的方式召开。会议审议了《关于与关联方 共同收购上汽大众持有的峰梅动力100%股权暨关联交易的议案》等文件。 2025年1至6月份，宁波华翔的营业收入构成为：汽车零部件及模具占比100.0%。 截至发稿，宁波华翔市值为249亿元。 每经头条（nbdtoutiao）——白金信用卡权益大缩水：贵宾厅限次、酒店减量⋯⋯银行吐槽没赚头，"羊 毛党"薅了个寂寞 ...

Core Viewpoint - Ningbo Huaxiang Electronics Co., Ltd. is acquiring a 40% stake in Shanghai Fengmei Power System Co., Ltd. from SAIC Volkswagen, which is a strategic move to enhance its capabilities in the new energy power sector and smart chassis field [1][2] Group 1: Acquisition Details - Shanghai Fengmei Power System Co., Ltd. is a wholly-owned subsidiary of SAIC Volkswagen, established to manage the assets and operations related to the sale of land, buildings, and equipment in Shanghai Jiading District [1] - The total valuation of Fengmei Power's equity is set at 530 million yuan, with Ningbo Huaxiang contributing 212 million yuan for a 40% stake and Fengmei Holdings contributing 318 million yuan for a 60% stake [2] Group 2: Strategic Implications - The acquisition is aimed at facilitating Ningbo Huaxiang's transformation in the new energy battery and smart chassis sectors, promoting the development of related products [2] - By not acquiring a controlling stake, the company mitigates investment risks associated with market volatility in the new energy sector, especially with the anticipated reduction in new energy vehicle purchase tax starting in 2026 [2]

Core Insights - The production of the 5000th general-purpose humanoid robot, Lingxi X2, by Zhiyuan Robotics marks a significant milestone in the company's manufacturing capabilities [2] - The humanoid robot industry is experiencing optimistic growth, with various companies, including Zhiyuan and Ubiquity, securing substantial orders and contracts [5][6] - The company has successfully transitioned past the capacity ramp-up phase, focusing on stabilizing production and expanding application scenarios for its main products [6] Production and Sales - Zhiyuan Robotics has achieved cumulative production figures of 1742 units for the Expedition A1/A2, 1846 units for Lingxi X1/X2, and 1412 units for the Elf G1/G2 [2] - The price of the A2 robot has decreased from over 1 million yuan to 500,000 yuan, indicating a significant reduction in production costs [6] - The current production cycle for a complete robot is between two to three days, with a daily capacity of at least 10 units [6] Market Dynamics - The humanoid robot sector is viewed as entering a mass production phase, despite delays from competitors like Tesla's Optimus [5] - Companies like Zhiyuan and Ubiquity are actively pursuing orders, with Zhiyuan reportedly winning a 120 million yuan procurement order from a subsidiary of China Mobile [5] - The establishment of the Humanoid Robot Standardization Technical Committee, which includes key figures from Zhiyuan, is expected to enhance industry collaboration [7] Strategic Partnerships - Ningbo Huaxiang's subsidiary is set to invest in a venture capital fund focused on the embodied intelligence industry, which aligns with its business expansion goals [9] - Zhiyuan Robotics has entered into strategic cooperation agreements with several A-share listed companies to explore applications of connectors and harnesses in humanoid robots [9] - The establishment of Chuan Zhi Wei Lai Technology Co., a collaborative effort involving Zhiyuan and other industry leaders, aims to create a national-level training and innovation center for embodied intelligence [9][10]

Core Insights - The production of the Lingxi X2 robot marks a significant milestone for the company, with the 5000th unit being delivered, indicating strong growth in the humanoid robot sector [1][3] - The company has successfully passed the production ramp-up phase, with a focus on stabilizing production lines and expanding application scenarios for its robots [5][6] Production and Sales - The company has achieved cumulative production figures of 1742 units for the Yuanxing A1/A2, 1846 units for the Lingxi X1/X2, and 1412 units for the Jingling G1/G2 [1] - The price of the A2 robot has decreased from over 1 million yuan to 500,000 yuan, reflecting a 50% reduction in costs [6] Market Trends - 2023 is viewed as a pivotal year for humanoid robot mass production, with optimistic commercial progress despite delays from competitors like Tesla [3][5] - The company is actively responding to user demands for new features, such as Bluetooth connectivity and outdoor usability with 5G support [5] Collaborations and Partnerships - The company is involved in multiple collaborations with A-share listed companies, enhancing its position in the industry [7][8] - Strategic partnerships have been established with companies like Yonggui Electric and Transfar Zhilian to explore innovative applications of humanoid robots [8][9]

Investment Rating - The report assigns an "Accumulate" rating for the humanoid robot industry, indicating a positive outlook for investment opportunities [4]. Core Insights - Recent advancements in policies, products, and orders in the humanoid robot industry suggest that it is at a critical stage of commercialization, necessitating attention to marginal changes affecting both domestic and international quality companies [2]. - Leading domestic humanoid robot companies are experiencing continuous breakthroughs in products and orders, with the potential for a synchronized growth in both domestic and overseas markets, accelerating the global commercialization process of humanoid robots [4]. - A strategic partnership between UBTECH Robotics and ZhiSheng Technology aims to deploy 10,000 robots over the next five years, marking a significant step beyond mere concept validation to commercial implementation [4]. - ZhongQing Robotics has launched the T800 humanoid robot, priced starting at 180,000 yuan, with a product matrix designed to meet diverse capability needs across different scenarios, indicating a shift from technical feasibility to scalable deployment [4]. Company Performance Forecast and Financial Valuation - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for several companies, all rated as "Accumulate": - Meihu Co., Ltd. (603319.SH): EPS of 0.75 yuan in 2025E, PE of 52 [5] - Ningbo Huaxiang (002048.SZ): EPS of 0.57 yuan in 2025E, PE of 48 [5] - Top Group (601689.SH): EPS of 1.71 yuan in 2025E, PE of 40 [5] - Zhaomin Technology (301000.SZ): EPS of 0.78 yuan in 2025E, PE of 50 [5] - Junsheng Electronics (600699.SH): EPS of 1.02 yuan in 2025E, PE of 27 [5] - Xinquan Co., Ltd. (603179.SH): EPS of 1.94 yuan in 2025E, PE of 37 [5]

董事会公告 股票代码：002048 股票简称：宁波华翔 公告编号：2025-081 宁波华翔电子股份有限公司 关于回购公司股份的进展公告 本公司全体董事、监事、高级管理人员保证公告内容真实、准确和完整，并对公告 中的虚假记载、误导性陈述或者重大遗漏承担责任。 宁波华翔电子股份有限公司（以下简称"公司"）于 2024 年 11 月 13 日、2024 年 12 月 4 日分别召开第八届董事会第十三次会议、2024 年第一次临时股东大会，审议通 过了《关于回购公司股份方案的议案》，同意公司使用自有资金和专项贷款资金以集中 竞价交易方式回购公司股份，用于注销并减少公司注册资本。本次回购资金总额为不 低于人民币 3000 万元（含）且不超过 5000 万元（含）；本次回购股份的价格为不超过 人民币 20.16 元/股（含）。本次回购股份的实施期限为自股东大会审议通过回购股份方 案之日起不超过 12 个月。具体内容详见公司于 2024 年 11 月 15 日、2024 年 12 月 7 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于回购公司股份方案暨取得金 融机构回购专项贷款的公告》（公 ...

Group 1 - The core point of the article is that Ningbo Huaxiang (002048.SZ) has repurchased a total of 1,448,000 shares, which represents 0.1779% of the company's total share capital, through a centralized bidding method as of December 2, 2025 [1] - The highest transaction price for the repurchased shares was 32.00 CNY per share, while the lowest was 12.43 CNY per share, with a total transaction amount of 24,918,671 CNY (excluding transaction fees) [1] - The repurchase price did not exceed the upper limit of 51.42 CNY per share, and the repurchase complies with the company's repurchase plan and relevant laws and regulations [1]

Core Viewpoint - Ningbo Huaxiang announced a share repurchase plan for 2024, with a total funding amount not less than 30 million yuan and not exceeding 50 million yuan, with an initial repurchase price cap of 20.16 yuan per share, later adjusted to 19.69 yuan per share due to equity distribution, and subsequently to a maximum of 51.42 yuan per share, with the implementation period extended to June 3, 2026 [1] Summary by Sections - The company plans to repurchase shares with a total funding amount between 30 million yuan and 50 million yuan [1] - The initial repurchase price cap was set at 20.16 yuan per share, which was adjusted to 19.69 yuan per share and then to a maximum of 51.42 yuan per share [1] - As of the end of 2025, the company had repurchased a total of 1.448 million shares, accounting for 0.1779% of the total share capital, with a total transaction amount of 24.9187 million yuan, and the repurchase price did not exceed the set cap, complying with the plan and regulatory requirements [1]