剥离欧洲包袱尘埃落定，经营质量大幅改善 根据公告，2025年上半年宁波华翔的归母净利润为亏损2.73亿元至3.69亿元，主要源自对六家欧洲子公司剥离的一次性影响。但从可持续经营角度 来看，公司主业保持良好韧性，扣非净利润达4.95亿元至5.91亿元，同比稳健增长。 早在2024年年报中，宁波华翔已明确提出"海外减负"的战略。此次与德国Mutares完成交易后，公司多年的资源占用和盈利压力被基本清除，整体 利润结构更加清晰健康。 值得注意的是，宁波华翔并未"永久告别"欧洲市场，而是以"暂别"姿态为将来在条件成熟时的战略性回归预留空间。在现金流与管理资源显著释 放后，公司得以将重心转回国内核心客户和高成长赛道，推动新旧动能有序切换。 自主品牌持续放量，从"0到1"加速迈向"1到10" （原标题：宁波华翔上半年扣非预计增长5.25%至25.73% 转型提速促进盈利能力改善） 6月20日晚，宁波华翔(002048)发布2025年半年度业绩预告称，公司扣非净利润同比增长5.25%至25.73%，展现出核心业务盈利能力的显著增强和 转型成效的逐步兑现。这一数据不仅标志着长期困扰宁波华翔业绩表现的欧洲业务"包袱"正式落地清 ...

Performance Forecast - The company expects a net loss attributable to shareholders of between 272.69 million yuan and 368.93 million yuan for the period from January 1, 2025, to June 30, 2025, representing a decline of 151.09% to 169.12% compared to the same period last year, which had a profit of 533.75 million yuan [1] - The net profit after deducting non-recurring gains and losses is estimated to be between 494.79 million yuan and 591.03 million yuan, showing an increase of 5.25% to 25.73% compared to the previous year's profit of 470.09 million yuan [1] - The basic earnings per share are projected to be a loss of 0.34 yuan to 0.45 yuan, compared to a profit of 0.66 yuan per share in the same period last year [1] Communication with Auditors - The performance forecast data is a preliminary estimate by the company's finance department and has not been reviewed by the auditing firm [2]

董事会公告 证券代码:002048 证券简称:宁波华翔 公告编号:2025-049 宁波华翔电子股份有限公司 2025年半年度业绩预告 | 项目 | 2025 1 月 1 | 年 | | 日-2025 | 年 6 | 月 | 30 | 日 | 上年同期（注） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 归属于上市公司股 | 亏损：27,268.99 | | | | 万元—36,893.35 | | | 万元 | 盈利：53,374.86 | 万元 | | 东的净利润 | 比上年同期下降： | | | | 151.09%—169.12% | | | | | | | 扣除非经常性损益 | 盈利：49,479.02 | | | | 万元—59,103.37 | | | 万元 | 盈利：47,009.40 | 万元 | | 后的净利润 | 比上年同期上升： | | | | 5.25%—25.73% | | | | | | | 基本每股收益 | 亏损：0.34 | | 元/股—0.45 | | 元/股 | | | | ...

宁波华翔（002048）公告，2025年1月1日至2025年6月30日，预计归属于上市公司股东的净利润亏损 2.73亿元—3.69亿元，上年同期盈利5.34亿元，比上年同期下降151.09%—169.12%。扣除非经常性损益 后的净利润盈利4.95亿元—5.91亿元，上年同期盈利4.7亿元，比上年同期上升5.25%—25.73%。基本每 股收益亏损0.34元/股—0.45元/股，上年同期盈利0.66元/股。 ...

Core Viewpoint - Ningbo Huaxiang is actively enhancing its competitiveness through a significant fundraising plan aimed at expanding production capacity and investing in key projects to adapt to the evolving automotive industry landscape [1][2]. Fundraising and Investment Plans - The company plans to raise up to 29.21 billion yuan through a private placement to fund five major projects, including intelligent manufacturing in Wuhu, a production base in Chongqing, a research and development center, digital upgrades, and working capital [2][4]. - The fundraising is intended to meet the growing orders from downstream customers and to focus on future automotive trends, including research on intelligent chassis technology and humanoid robots [2][3]. Financial Performance - In the first quarter of 2025, Ningbo Huaxiang reported a revenue of 62.61 billion yuan, a year-on-year increase of 10%, and a net profit attributable to shareholders of 2.56 billion yuan, up 13.93% [1][7]. - The company’s cash flow from operating activities reached 2.68 billion yuan, showing a significant increase of 416.97% year-on-year [1][7]. Strategic Adjustments - The company is strategically reducing its European operations by divesting from six subsidiaries in Germany, Romania, and the UK, which is expected to impact net profit by approximately 900 million to 1 billion yuan in 2025 but will improve the overall profitability structure in the long run [6][7]. - The focus on domestic brands is expected to increase their revenue share to over 40% by 2025, despite facing some margin pressure during the expansion phase [7]. Research and Development - Ningbo Huaxiang has consistently increased its R&D expenditure from 6.4 billion yuan in 2021 to 9.53 billion yuan in 2024, with a total of 33.35 billion yuan spent over the past five years [7].

董事会公告 股票代码：002048 股票简称：宁波华翔 公告编号：2025-048 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。 公司回购股份的时间、回购股份数量、回购股份价格及集中竞价交易的委托时段 符合《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定： 1、公司未在下列期间回购公司股份： （1）自可能对本公司证券及其衍生品种交易价格产生重大影响的重大事项发生之 日或者在决策过程中，至依法披露之日内； 1 董事会公告 （2）中国证监会和深圳证券交易所规定的其他情形。 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（ ...

中国经济网北京6月16日讯 宁波华翔(002048.SZ)近日披露2025年度向特定对象发行股票预案，本次发行 拟募集资金总额不超过292,073.18万元（含本数），募集资金在扣除相关发行费用后的募集资金净额将 全部用于芜湖汽车零部件智能制造项目、重庆汽车内饰件生产基地建设项目、研发中心建设项目、数字 化升级改造项目和补充流动资金项目。 宁波华翔本次发行采用向特定对象发行股票的方式，发行对象为符合中国证监会规定条件的证券投资基 金管理公司、证券公司、信托投资公司、财务公司、保险机构投资者、合格境外机构投资者（QFII）、 人民币合格境外机构投资者（RQFII）以及符合中国证监会规定的其他法人、自然人或其他合法投资组 织，发行对象不超过35名（含35名）。 宁波华翔本次向特定对象发行股票的定价基准日为发行期首日，发行价格不低于定价基准日前二十个交 易日公司股票均价的80%（计算公式为：定价基准日前20个交易日股票交易均价=定价基准日前20个交 易日股票交易总额/定价基准日前20个交易日股票交易总量）。最终发行价格由股东大会授权董事会在 通过深圳证券交易所审核并经中国证监会同意注册后，按照中国证监会的相关规定， ...

Core Viewpoint - Ningbo Huaxiang is initiating a comprehensive strategic transformation towards intelligent manufacturing and robotics, marked by three significant announcements including a private placement, establishment of a robotics subsidiary, and the launch of an industrial merger fund [2][9]. Group 1: Private Placement and Fundraising - The company plans to raise up to 29.21 billion yuan through a private placement to no more than 35 specific investors, targeting five key projects including smart manufacturing bases and digital upgrades [3][4]. - The automotive industry is undergoing a significant transformation, with domestic brands projected to sell 17.97 million passenger vehicles in 2024, capturing 65.2% of the market, a year-on-year increase of 23.1% [3][4]. - The new bases in Wuhu and Chongqing are crucial for enhancing customer loyalty and overall supply capabilities, aligning with the rapid growth of domestic brands [3]. Group 2: Research and Development Focus - The R&D center will focus on key systems for intelligent chassis and humanoid robots, with the intelligent chassis market expected to exceed 100 billion yuan by 2030, growing at a compound annual growth rate of over 24% [4]. - A strategic partnership has been established with Shanghai Zhiyuan New Technology Co., Ltd. to co-create a joint venture aimed at developing a humanoid robot ecosystem [4][7]. Group 3: Establishment of Subsidiary - The company has set up a wholly-owned subsidiary, Ningbo Huaxiang Qiyuan Technology Co., Ltd., with a registered capital of 10 million yuan, focusing on manufacturing and sales of various types of robots [7]. - This subsidiary will play a critical role in the company's transition from a traditional auto parts manufacturer to a technology-driven manufacturing enterprise [7]. Group 4: Industrial Fund Creation - An industrial fund named "Ningbo Zhongying Fuyao Xingxiang Equity Investment Fund" will be established with a total scale of 1 billion yuan, with the company contributing 299 million yuan [8]. - The fund will focus on emerging industries such as automotive parts, new energy, and robotics, enhancing the company's capabilities in mergers and acquisitions [8]. Group 5: Strategic Transformation and Future Outlook - The comprehensive deployment of these initiatives represents a strategic shift from a single component manufacturer to a provider of intelligent manufacturing and robotics solutions [9]. - The company aims to build a new growth platform centered on "intelligent manufacturing + robotics," significantly expanding its industrial footprint in the coming years [9].

Group 1 - The first AIC chain master merger and acquisition equity investment fund in China, Ningbo Zhongying Fuyiao Xingxiang Equity Investment Fund, has been registered with a scale of 1 billion yuan [1] - The fund is established through collaboration between Bank of China Ningbo Branch, Zhongyin Financial Asset Investment Co., Ltd., Ningbo Huaxiang Electronics Co., Ltd., Ningbo Tongshang Fund Management Co., Ltd., and Xiangshan Industrial Investment Group Co., Ltd. [1] - The fund adopts an innovative strategy by introducing industry players to create an AIC equity investment fund centered on the industry chain master, facilitating mergers and acquisitions and direct equity investments in scientific and technological projects [1] Group 2 - Bank of China Ningbo Branch aims to leverage its global and comprehensive operational advantages to enhance collaboration with local governments and strategic partners throughout the entire cycle of fund raising, investment, management, and exit [2] - The focus will be on innovating the investment-loan linkage model, emphasizing "early investment, small investment, long-term investment, and hard technology" to attract more long-term and patient capital to Ningbo [2] - The initiative aims to support the iterative upgrade of traditional industries, the growth of emerging industries, and the transformation of future industries, thereby injecting strong momentum into the high-quality development of the local economy [2]

Group 1 - The company plans to raise a total of 292,073.18 million yuan through this issuance, with the net proceeds allocated to various projects after deducting related issuance costs [2][3] - The projects include the Wuhu automotive parts intelligent manufacturing project, Chongqing automotive interior parts production base project, R&D center construction project, digital upgrade project, and supplementary working capital project [4][5][8][10][12] - The Wuhu project aims to enhance production capacity for battery pack shells, lightweight body structure parts, and interior parts, with a total planned investment of 115,076.86 million yuan [4][6] Group 2 - The Chongqing project focuses on producing automotive interior parts to meet local demand, with a total planned investment of 40,695.28 million yuan [5][6] - The R&D center will focus on intelligent chassis technology and humanoid robot development, with a total planned investment of 47,672.42 million yuan [8][9] - The digital upgrade project aims to achieve comprehensive smart and digital transformation in production operations, with a total planned investment of 38,291.00 million yuan [10][12] Group 3 - The company intends to use 51,000.00 million yuan from the raised funds to supplement working capital, which will help reduce the asset-liability ratio and enhance financial strength [12][13] - The automotive parts industry is a key strategic emerging industry in China, with significant growth potential driven by the global push for electric vehicles [13][19] - The company has established a strong customer base and aims to expand production capacity to meet increasing market demand, particularly in the interior parts segment, which accounts for over 50% of its revenue [14][16] Group 4 - The company is focusing on R&D in intelligent chassis and humanoid robots to capture new growth opportunities in the automotive sector [17][18] - The digital transformation is essential for maintaining competitive advantage and improving operational efficiency, with plans for a phased implementation strategy [10][24] - The successful implementation of these projects is expected to enhance the company's production capabilities and overall competitiveness in the automotive parts market [25]