董事会议事规则 宁波华翔电子股份有限公司 董事会议事规则 (2025年修定稿) 1 董事会议事规则 第一章 总则 第一条 为规范董事会运作程序，充分发挥董事会的经营决策作用，根据《公司法》 以及《公司章程》，特制定本规则。 第二条 公司设董事会，对股东会负责。 第三条 董事会是公司经营管理的决策机构，维护公司和全体股东的利益，在《公 司章程》和股东会的授权范围内，负责公司发展目标和重大经营活动等事项的决策。 第二章 董事的资格及任职 第四条 董事会由5名董事组成。董事会设董事长1人，设副董事长1人（如需）。 董事长和副董事长由董事会以全体董事的过半数选举产生。 第五条 公司董事为自然人，有下列情形之一的，不能担任公司的董事： （一）无民事行为能力或者限制民事行为能力； （二）因贪污、贿赂、侵占财产、挪用财产或者破坏社会主义市场经济秩序，被判 处刑罚，或者因犯罪被剥夺政治权利，执行期满未逾5年，被宣告缓刑的，自缓刑考验期 满之日起未逾2年； （三）担任破产清算的公司、企业的董事或者厂长、经理，对该公司、企业的破产 负有个人责任的，自该公司、企业破产清算完结之日起未逾3年； （四）担任因违法被吊销营业执照、责令关 ...

股东会议事规则 宁波华翔电子股份有限公司 股东会议事规则 (2025年修定稿) 1 股东会议事规则 目 录 2 第一章 总 则 第二章 股东会的召集、召开 第三章 股东会的提案与通知 第四章 会议主持人 第五章 议事 第六章 表决和决议 第七章 会议记录和文件 第八章 其他事项 第九章 附则 （一）会议的召集、召开程序是否符合法律、行政法规、本规则和公司章 程的规定； （二）出席会议人员的资格、召集人资格是否合法有效； （三）会议的表决程序、表决结果是否合法有效； （四）应公司要求对其他有关问题出具的法律意见。 股东会议事规则 第一章 总则 第一条 为规范宁波电子股份有限公司（以下简称"公司"）股东会议事行为， 提高股东会议事效率，保证股东会依法行使职权，根据《中华人民共和国公司法》 （以下简称《公司法》）、《上市公司股东会规则》和公司章程的规定，制定本规 则。 第二条 股东会是公司的权力机构，对公司重大事项行使最高决策权。在《公 司法》和公司章程规定的范围内行使职权。 第三条 公司董事会应当保证股东会的正常程序，保障股东会的议事正常有 序进行。 第四条 召开股东会时将聘请律师出具法律意见并公告。 第五条 公 ...

Financial Performance - The company's operating revenue for the reporting period was ¥12,879,181,492.79, representing a 10.89% increase compared to ¥11,599,571,048.82 in the same period last year[18]. - The net profit attributable to shareholders was -¥373,605,347.14, a decrease of 169.84% from ¥532,515,261.53 in the previous year[18]. - The net cash flow from operating activities increased by 361.18% to ¥1,183,405,793.53, up from ¥255,396,059.42 in the same period last year[18]. - The company's total assets decreased by 6.30% to ¥27,318,213,953.90 from ¥29,156,019,017.55 at the end of the previous year[18]. - The company reported a basic earnings per share of -¥0.46, down 169.70% from ¥0.65 in the previous year[18]. - The company’s weighted average return on equity was -3.29%, a decline of 7.10% compared to 3.80% in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥599,577,950.01, an increase of 26.44% from ¥471,761,189.79 in the same period last year[18]. - The gross profit margin decreased slightly to 15.16% from 15.49% in the previous year, despite a revenue increase in the automotive parts sector[42]. Cash Flow and Investments - The net cash flow from investing activities showed a dramatic decline of 1,997.72%, primarily due to the recovery of large certificates of deposit in the previous year[38]. - The company’s long-term equity investments increased to ¥1,246,240,100, accounting for 4.56% of total assets, up from 4.16% the previous year[45]. - The total investment amount for the reporting period was ¥686,506,423.86, a decrease of 29.66% compared to ¥976,005,370.98 in the same period last year[49]. - The company reported a significant increase in financial income, with financial expenses decreasing by 137.49% due to increased exchange gains[38]. - The company experienced a non-recurring loss of 1.020 billion yuan due to the divestiture of European operations and the North American acquisition, but the North American operations showed expected loss reduction and domestic cost-saving measures began to take effect[36]. Market Position and Strategy - The company is a major supplier of automotive parts to various domestic and international manufacturers, including Volkswagen, Mercedes-Benz, and Toyota[26]. - The company maintains a stable core customer base, including high-end foreign brands such as Volkswagen, Toyota, and BMW, while also expanding its market share among domestic brands like BYD and Geely[31]. - The company aims to optimize its customer structure and expand market share by increasing R&D efforts and upgrading existing products by 2025[30]. - The company plans to optimize its customer structure, aiming for over 40% of domestic revenue from independent brands by 2025, to ensure stable growth[65]. - The company is focusing on upgrading existing products and exploring new product opportunities, including entering the lightweight and intelligent chassis sector through self-research and acquisitions[66]. Research and Development - The company focuses on R&D in lightweight, intelligent, and safe new materials and technologies, aiming for modular integration of sub-components into system assemblies[29]. - Research and development expenses increased by 5.43% to ¥424,019,758.71, up from ¥402,162,633.17 in the previous year[38]. - The company’s R&D capabilities are supported by its wholly-owned subsidiary, Shanghai Yirui Automotive Technology Co., which focuses on comprehensive vehicle development and innovative solutions[33]. - The company has accumulated 1,074 patents, including 152 invention patents, enhancing its innovation capabilities[71]. Operational Efficiency - The company has developed a robust cost management system, optimizing costs across procurement, production, and logistics, and leveraging AI tools to enhance operational efficiency[32]. - The company is committed to enhancing its management and operational efficiency through digital transformation and AI technology applications[65]. - The company has established a comprehensive internal control system to ensure stable development and mitigate operational risks[68]. - The company has introduced the DSTE strategic management system to create a closed-loop management mechanism from strategy planning to execution[67]. Risks and Challenges - The company faces risks from macroeconomic downturns, intensified industry competition, and fluctuations in raw material prices[4]. - The company faces risks from macroeconomic pressures, rising costs, and increased competition from domestic brands in the automotive market[62]. - The company is addressing the challenge of attracting high-tech talent to support its technological development and industry transformation[64]. Shareholder and Equity Information - The company plans to distribute a cash dividend of 381 million RMB for the 2024 fiscal year, representing 40% of the net profit attributable to shareholders[69]. - The company has repurchased 1,098,000 shares, accounting for 0.1349% of the total share capital, with a total transaction amount of approximately 14.67 million RMB[71]. - The total number of shares decreased by 262,386 shares due to the cancellation of shares originally intended for employee stock ownership plans[116]. - The total share capital after the reduction is 813,833,122 shares[116]. - The largest shareholder, Ningbo Fengmei Equity Investment Co., Ltd., holds 24.54% of shares, totaling 199,718,951 shares[121]. Corporate Governance and Compliance - The company has no significant lawsuits or arbitration matters reported during the reporting period[89]. - The company confirmed no violations regarding external guarantees during the reporting period[86]. - The company has no significant related party transactions during the reporting period[105]. - The financial report for the first half of the year was not audited[130]. Future Outlook - The company plans to expand its market presence, focusing on new product development and technological advancements[153]. - The company has set a performance guidance for the second half of 2025, aiming for a revenue growth of approximately 10%[153]. - Future guidance indicates a focus on enhancing operational efficiency and exploring potential mergers and acquisitions[163].

董事会公告 证券代码：002048 证券简称：宁波华翔 公告编号：2025-057 宁波华翔电子股份有限公司 关于与专业投资机构共同投资设立产业基金 暨关联交易的进展公告 1、基金名称：宁波中瀛扶摇兴象股权投资基金合伙企业（有限合伙） 三、其他说明 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、对外投资暨关联交易的概述 宁波华翔电子股份有限公司（以下简称"宁波华翔"或"公司"）于2025年6月13日召 开第八届董事会第二十次会议，审议通过了《关于与专业投资机构共同投资设立产业 基金暨关联交易的议案》，同意公司与关联方宁波峰梅管理咨询有限公司、中银资本 私募基金管理（北京）有限公司、中银金融资产投资有限公司、宁波通商惠工产业投 资基金合伙企业（有限合伙）、象山弘成股权投资基金合伙企业（有限合伙）共同投 资设立宁波中瀛扶摇兴象股权投资基金合伙企业（有限合伙）（以下简称"基金"）， 基金总规模为10亿元，其中宁波华翔认缴2.99亿元。基金的投资方向将紧紧围绕宁波 华翔主业及其上下游产业机会。 具体内容详见公司于2025年6月14日在巨潮 ...

Group 1: Market Trends and Predictions - Goldman Sachs predicts that the humanoid robot market will exceed $100 billion by 2030 [4] - The market share of range-extended vehicles decreased from 10.7% in 2024 to 9.8% in the first half of this year, with a year-on-year decline of 11.4% in July [1] Group 2: Company Developments - GAC Group launched the new "Star Source Range Extender" technology, addressing issues such as high fuel consumption and slow acceleration in range-extended vehicles [1] - Baixin Rhino completed a B+ round of financing, raising nearly 500 million RMB, with plans to focus on the development of autonomous vehicle products and AI technology [2][3] - Ningbo Huaxiang is transitioning into the humanoid robot sector, achieving mass production of core joint modules and biped humanoid robots [4] - Guanglian Technology Holdings announced the launch of its "Smart Body RWA Ecosystem" strategy, aiming to transform into a digital platform for automotive asset tokenization [5][6] - Lantu Motors released its self-developed "Lanhai Smart Hybrid" technology, which will be featured in multiple upcoming models [7] Group 3: Product Launches and Market Response - The new generation of Zhimi LS6 has begun pre-sales, featuring two "super range-extended" models with a combined range of 1500 kilometers [9] - NIO's new ES8 was officially launched and opened for pre-sale, leading to a significant increase in stock prices [10][11] - Dongfeng Fengshen L8 has started pre-sales with a target of over 10,000 units sold globally per month [12]

Core Insights - Ningbo Huaxiang made a significant appearance at the Zhiyuan Robot Partner Conference on August 21, showcasing its strategic entry into the humanoid robot sector with a focus on both hardware and application [1] - The company has established Huaxiang Qiyuan, which has successfully achieved large-scale production and delivery of core joint modules and complete humanoid robots since July [1][2] - Huaxiang Qiyuan has become a strategic partner of Zhiyuan Robotics, taking on the core supply of joint modules and assembly for the "Expedition" series biped robots [1] Company Developments - The establishment of Huaxiang Qiyuan was marked by the appointment of industry expert Gu Jinglei as general manager, leading to the rapid formation of a specialized R&D and manufacturing team [1] - The Shanghai Lingang smart factory has entered a stable mass delivery phase since its production began in July, gradually releasing capacity [1] - The company is also actively promoting the implementation of application scenarios, having launched the Embodied Intelligence Innovation Center in collaboration with Ningbo Xiangshan, focusing on six application scenarios including logistics and cultural tourism [1] Industry Positioning - Huaxiang Qiyuan leverages nearly 40 years of automotive parts manufacturing experience, a global R&D system, and lightweight material technology, providing advantages in large-scale delivery and rapid iteration [2] - The dual-track strategy of "hardware + application" is expected to reshape the valuation logic of Ningbo Huaxiang as it transitions from a traditional automotive parts leader to a core supplier in the humanoid robot industry [2] - The acceleration of the humanoid robot industry is seen as a significant opportunity for Huaxiang Qiyuan to unlock new growth spaces for Ningbo Huaxiang [2]

Group 1: Photovoltaic Industry - The Ministry of Industry and Information Technology (MIIT) is actively coordinating between power generation companies and local industries to enhance price transmission from manufacturing to power stations, emphasizing a market-oriented and legal approach to eliminate outdated production capacity [1] - The average bidding price for components from China Resources and China Huadian has increased by 5-8% month-on-month, while silicon material companies have proactively limited production, leading to a 10% decrease in silicon wafer inventory over two weeks [1] - The investment sequence indicates a tight supply of silicon materials in Q3, a premium for BC battery technology in Q4, and a simultaneous increase in both volume and price of auxiliary materials such as glass and adhesive films [1][2] Group 2: Solid-State Battery Technology - A breakthrough in solid-state battery technology has been achieved with the introduction of 5μm vapor-deposited lithium anodes, significantly reducing dendrite risk and achieving over 500 cycles with a capacity retention rate above 90% [3] - The cost of 5μm vapor-deposited lithium is projected to drop to 2 million yuan per GWh, compared to 4 million yuan for 20μm rolled lithium foil, indicating a substantial cost reduction in the industry [3] - The solid-state battery market could reach 50-100 billion yuan by 2030, driven by the demand for 100GWh of global solid-state battery production [3] Group 3: Robotics Industry - The T-Link Gen3 technology is reshaping the supply chain with a focus on lightweight materials, energy efficiency, and sensor integration, leading to a re-tendering of motors, reducers, and lead screws [4] - The use of PEEK materials has reduced costs by 30% compared to imports, and the new harmonic magnetic field motors have achieved a 50% reduction in size while doubling power density [5] - The 3D vision solution from Orbbec has a single machine value of 200 USD, and the company has passed factory audits [6] Group 4: Semiconductor and AI Models - The DeepSeek model has been upgraded to V3.1, expanding the context length from 64K to 128K, which is expected to increase demand for GPU memory and HBM [7] - The need for larger training clusters is anticipated to rise by 30%, benefiting semiconductor and storage manufacturers such as Cambricon, Haiguang, and Lanke [7] Group 5: Pharmaceutical Industry - Rongchang Biotech has licensed its ophthalmic drug RC28-E to Japan's Santen Pharmaceutical, marking a shift in domestic innovative drug licensing from popular fields like oncology to specialized areas with differentiated advantages [8] - This collaboration model provides a clear path for value realization in less popular biotech sectors through upfront payments, milestones, and sales sharing, enhancing cash flow and leveraging established commercialization channels [8] Group 6: High-Speed Rail Industry - The China National Railway Group has initiated its second batch of high-speed train tenders for the year, with 210 sets, marking a recent high and exceeding market expectations [9] - This move reinforces the trend of sustained railway investment recovery, with new construction and maintenance peaks positively impacting the performance certainty of core companies in the industry [9]

格隆汇8月18日丨宁波华翔(002048.SZ)于投资者互动平台表示，公司会派代表出席智元首届合作伙伴大 会。 ...

Core Insights - A total of 38 stocks on the Shanghai and Shenzhen exchanges have experienced net inflows of main funds for five consecutive days or more as of August 14, with Dingyang Technology leading at 10 days of inflow [1][2] - The stock with the highest total net inflow amount is Taicheng Light, which has seen a cumulative net inflow of 843 million yuan over six days [1] - The stock with the highest net inflow ratio relative to trading volume is Dayuan Pump Industry, which has increased by 48.78% over the past five days [1] Summary by Category Stocks with Continuous Net Inflows - Dingyang Technology: 10 days of net inflow, 73 million yuan, 6.82% increase [2] - Chinese Media: 9 days of net inflow, 83 million yuan, 1.20% increase [1][2] - Taicheng Light: 6 days of net inflow, 843 million yuan, 15.94% increase [1] Highest Net Inflow Amounts - Taicheng Light: 843 million yuan over 6 days [1] - Huicheng Environmental Protection: 746 million yuan over 9 days [1] - Huatai Securities: 666 million yuan over 5 days [1] Highest Net Inflow Ratios - Dayuan Pump Industry: 14.72% net inflow ratio, 48.78% increase over 5 days [1] - Huicheng Environmental Protection: 10.16% net inflow ratio, 26.41% increase over 9 days [1] - Huatai Securities: 5.24% net inflow ratio, 7.80% increase over 5 days [1]

跟踪1000价值稳健的公募基金包括：华夏中证智选1000价值稳健策略联接A、华夏中证智选1000价值稳 健策略联接C、华夏中证智选1000价值稳健策略ETF。 从指数持仓来看，中证智选1000价值稳健策略指数十大权重分别为：方大特钢（1.22%）、金田股份 （1.16%）、奥士康（1.08%）、申通快递（1.08%）、吉比特（1.03%）、康缘药业（1.01%）、骆驼股 份（0.99%）、宁波华翔（0.98%）、柳药集团（0.98%）、塔牌集团（0.97%）。 从中证智选1000价值稳健策略指数持仓的市场板块来看，深圳证券交易所占比51.69%、上海证券交易 所占比48.31%。 从中证智选1000价值稳健策略指数持仓样本的行业来看，工业占比26.06%、原材料占比17.88%、医药 卫生占比14.26%、可选消费占比12.33%、信息技术占比8.56%、公用事业占比5.08%、通信服务占比 4.50%、主要消费占比4.42%、金融占比3.78%、能源占比1.61%、房地产占比1.54%。 资料显示，指数样本每季度调整一次，样本调整实施时间分别为每年3月、6月、9月和12月的第二个星 期五的下一交易日。权重因 ...