Summary of Key Points Core Viewpoint - As of May 6, the total market financing balance reached 1.79 trillion yuan, indicating an increase of 143.81 billion yuan from the previous trading day, with notable contributions from both the Shanghai and Shenzhen stock exchanges [1]. Financing Balances - Shanghai stock exchange financing balance: 908.24 billion yuan, up by 59.40 billion yuan - Shenzhen stock exchange financing balance: 876.71 billion yuan, up by 83.55 billion yuan - Beijing Stock Exchange financing balance: 5.12 billion yuan, up by 86.21 million yuan [1]. Individual Stock Performance - On May 6, 2,239 stocks received net financing purchases, with 566 stocks having net purchases exceeding 10 million yuan, and 21 stocks exceeding 100 million yuan [1]. - Leading net purchases included: - Luxshare Precision: 228 million yuan - Runhe Software: 212 million yuan - Changshan Beiming: 199 million yuan - Other notable stocks: Inspur Information, Sichuan Changhong, and Dongfang Caifu [1][2]. Industry Concentration - The industries with the highest concentration of stocks receiving net financing purchases over 100 million yuan included: - Computer: 5 stocks - Non-ferrous metals: 3 stocks - Electronics: 3 stocks [1]. Financing Balance to Market Value Ratio - The average ratio of financing balance to circulating market value for stocks with significant net purchases was 4.78% - Stocks with the highest ratios included: - Hanyu Group: 9.63% - Guanghetong: 8.53% - Dongfang Caifu: 7.51% - Runhe Software: 7.49% [2][3]. Notable Stock Data - Top net purchases on May 6 included: - Luxshare Precision: 3.11% increase, net purchase of 227.62 million yuan - Runhe Software: 9.55% increase, net purchase of 212.02 million yuan - Changshan Beiming: 10.02% increase, net purchase of 198.69 million yuan - Other significant stocks included Inspur Information, Sichuan Changhong, and Dongfang Caifu [2][3].

Core Viewpoint - Ningbo Huaxiang's battery casing production capacity is expected to begin steady mass production next year, with a significant focus on localized production in North America [1] Group 1 - The production capacity layout for battery casings has been largely completed [1] - The company has established a comprehensive layout in North America, with most products sourced from local production [1] - Increased investments are being made in North America to reduce reliance on imported components [1]

董事会公告 股票代码：002048 股票简称：宁波华翔 公告编号：2025-034 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》（ ...

| 601688 | 华泰证 | 5 | 2.08 | 6.01 | 1.76 | | --- | --- | --- | --- | --- | --- | | | 券 | | | | | | 603005 | 晶方科 | 5 | 1.94 | 5.46 | 9.07 | | | 技 | | | | | | 000933 | 神火股 | 7 | 1.91 | 6.53 | 4.81 | | | 份 | | | | | | 300657 | 弘信电 | 5 | 1.79 | 4.55 | 11.37 | | | 子 | | | | | | 688158 | 优刻得 | 5 | 1.78 | 5.36 | 13.31 | | 000630 | 铜陵有 | 5 | 1.71 | 8.40 | 1.58 | | | 色 | | | | | | 300382 | 斯莱克 | 5 | 1.62 | 8.36 | 24.17 | | 688208 | 道通科 | 5 | 1.50 | 5.56 | 14.00 | | | 技 | | | | | | 002558 | 巨人网 | 5 | 1.37 | 5.25 | 11. ...

Core Viewpoint - The company reported a revenue of 26.324 billion yuan for 2024, representing a year-on-year increase of 13%, while the net profit attributable to shareholders was 0.953 billion yuan, down 7% year-on-year [1] Financial Performance - In Q4 2024, revenue reached 8.186 billion yuan, showing a year-on-year increase of 20% and a quarter-on-quarter increase of 25%; net profit attributable to shareholders was 0.236 billion yuan, up 25% year-on-year and 28% quarter-on-quarter [1] - For Q1 2025, revenue was 6.261 billion yuan, reflecting a year-on-year increase of 10% but a quarter-on-quarter decrease of 24%; net profit attributable to shareholders was 0.256 billion yuan, up 15% year-on-year and 8% quarter-on-quarter [1] Development Trends - The company optimized its customer structure and released overseas capacity, leading to steady revenue growth; interior parts revenue increased by 17.64% to 13.504 billion yuan, while exterior parts revenue rose by 38.40% to 5.081 billion yuan, driven by orders from domestic brands like BYD and Geely [2] - The top five customers accounted for 33.12% of total sales in 2024, indicating a decrease in concentration from traditional joint venture clients [2] - Overseas business revenue grew by 18.49% to 5.640 billion yuan, with contributions from the Mexico factory and Southeast Asia base; the company expects to gradually turn around its overseas business following the divestment of six loss-making subsidiaries in Europe [2] Profitability and Cost Management - The gross margin for 2024 decreased by 0.22 percentage points to 16.6%, while Q1 2025 gross margin fell by 1.2 percentage points to 13.88%, primarily due to domestic pressure and new factory production [3] - The sales expense ratio decreased by 0.64 percentage points to 0.85%, while management and R&D expense ratios increased by 0.67 and 0.08 percentage points to 5.00% and 3.62%, respectively, due to merger integration and smart project R&D investments [3] - The company aims to enhance gross margin through product structure optimization, scale effects, and adjustments in overseas business [3] Strategic Initiatives - The company plans to drive high-quality development through business expansion and has a high dividend payout ratio of 40% to enhance shareholder returns; it aims to fill gaps in automotive seat products through acquisitions and develop solutions in chassis lightweighting and intelligence [3] - The company is focused on creating a comprehensive supply capability for vehicle interiors, chassis, and batteries through self-research and acquisitions [3] Profit Forecast and Valuation - The profit forecast for 2025 remains unchanged, with a new net profit estimate of 1.283 billion yuan for 2026; the current stock price corresponds to a price-to-earnings ratio of 9.5 times for 2025 and 9.0 times for 2026 [4] - The company maintains an outperform rating for the industry with a target price of 15.80 yuan, implying an upside potential of 11.7% from the current stock price [4]

股票代码：002048 股票简称：宁波华翔 公告编号：2025-033 股东大会决议公告 宁波华翔电子股份有限公司 2025年第一次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现变更、否决议案的情形。 2、本次股东大会未涉及变更前次股东大会的决议。 一、会议召开情况 1、召开时间 现场会议召开时间为：2025 年 4 月 28 日（星期一）下午 14:30； 网络投票时间为：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 28 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时间为 2025 年 4 月 28 日上午 9：15 至下午 15：00 期间 的任意时间。 2、现场会议召开地点：浙江象山西周镇华翔山庄 3、会议召集：公司董事会 会议的召开符合《公司法》和《公司章程》的有关规定。 二、会议出席情况 股东出席的总体情况： 通过现场和网络投票的股东362人，代表股份412,433,0 ...

上海市锦天城律师事务所 关于宁波华翔电子股份有限公司 2025 年第一次临时股东大会 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于宁波华翔电子股份有限公司 2025 年第一次临时股东大会 法律意见书 致：宁波华翔电子股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受宁波华翔电子股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第一次临时股东大会（以下 简称"本次股东大会"）的有关事宜，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》等法律、法规和其他规范性文件以及《宁 波华翔电子股份有限公司章程》（以下简称"《公司章程》"）的有关规定，出具本 法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事项进行了 必要的 ...

复杂的国际政治造成近两年以美元为首的国际汇率大幅波动，这对拥有海 外业务的宁波华翔造成一定的影响，为抵御此类风险，保证海外工厂正常运 行，公司及控股子公司拟开展以远期结售汇为主要方式的外汇衍生品套期保值 业务。 开展外汇衍生品套期保值业务的可行性分析报告 宁波华翔电子股份有限公司 开展外汇衍生品套期保值业务的可行性分析报告 一、 外汇衍生品套期保值业务情况概述 1、投资目的 2、投资方式 远期结售汇的交易原理是公司与银行签订远期结售汇合约，约定将来办理结 汇或售汇的外汇币种、金额、汇率和期限，在到期日外汇收入或支出发生时，按 照该远期结售汇合同约定的币种、金额、汇率办理结汇或售汇业务，从而锁定当 期结售汇成本。 公司开展的外汇远期结售汇业务涉及币种只限于与公司经营相关的外币，主 要包括美元、欧元等。交易对手方为具有开展远期外汇业务经营资质的银行等金 融机构。 3、投资金额及期限 公司于 2025 年 4 月 24 日召开第八届董事会第十九次会议，审议通过了 《关于开展外汇衍生品套期保值业务额度的议案》，总额度不超过 20,000 万美 元（以 1：7.1884 汇率折算，人民币为 143,768 万元，占公司 ...

Summary of Ningbo Huaxiang Conference Call Company Overview - **Company**: Ningbo Huaxiang - **Industry**: Automotive components manufacturing Key Points and Arguments Financial Performance - In 2024, Ningbo Huaxiang's revenue reached 26.324 billion, a year-on-year increase of 13.07%, but net profit attributable to shareholders decreased by 7.51% to 0.953 billion due to losses in European operations and foreign exchange losses in North America [4][2] - In Q1 2025, revenue grew by 10% to approximately 6.26 billion, with net profit increasing by 13.93% to about 0.256 billion, and new orders for self-owned brands exceeded 60% [5][2] European Business Strategy - The company decided to sell its European operations, expecting a one-time reduction in net profit of approximately 0.9 to 1 billion in 2025, but this move aims to resolve long-standing issues and improve performance stability [2][8] - The sale is progressing as planned, with an expected completion in the first half of 2025 [8] Domestic Market Focus - Ningbo Huaxiang is shifting its strategic focus towards self-owned brands, with revenue from these brands expected to exceed 9 billion by the end of 2025 and potentially reach 10 billion in 2026 [2][9] - The company is optimizing its customer structure while maintaining a stable base with German joint venture brands [9] Profitability Enhancement Measures - The company is implementing organizational restructuring, operational optimization, and supply chain improvements to enhance profitability [10][11] - Digital tools and AI are being leveraged to maintain and improve overall profitability [10][11] Emerging Industry Exploration - Ningbo Huaxiang is actively exploring the robotics industry, collaborating with leading domestic companies to develop lightweight components and new materials [2][16] - The company is focusing on internal efficiency improvements and AI empowerment to support growth in this sector [16] Global Procurement Center Impact - The establishment of a global procurement center has significantly contributed to overall gross margin improvement by optimizing cost control [19][20] Challenges and Adjustments - The company faces challenges in achieving scale effects and is working to enhance capabilities through group procurement [21] - The transition to self-owned brands requires adjustments in the supply chain and operational systems to meet shorter development cycles [23][36] North American Operations - North American operations are expected to see reduced losses due to improved internal operations, particularly in the Mexican factory [28][14] - The company anticipates a return to profitability in North America by 2026 [14] Future Outlook - Ningbo Huaxiang aims to restore gross margins to above 18% and net profit to over 7% through strategic adjustments and the divestiture of European operations [27] - The company is optimistic about growth in the Southeast Asian market, with stable performance from Japanese clients [33][38] Customer Base and Market Dynamics - The company serves a significant number of German clients, including Volkswagen and BMW, which influences its supply chain and operational standards [21][22] - The rise of self-owned brands is leading to a diversification of the customer base, with notable growth from companies like Geely and BYD [27][34] Conclusion - Ningbo Huaxiang is positioned for future growth with a focus on self-owned brands, emerging industries, and operational efficiency, despite facing challenges in profitability and market dynamics [40]

登录新浪财经APP 搜索【信披】查看更多考评等级 附件一 参加网络投票的具体操作流程 （1）本次会议全部议案均为非累积投票提案，填报表决意见：同意、反对、弃权。 （2）股东对总议案进行投票，视为所有提案表达相同意见。 股东对总议案与具体提案重复投票时，以第一次有效投票为准。如股东先对具体提案投票表决，再对总 议案投票表决，则以已投票表决的具体提案的表决意见为准，其他未表决的提案以总议案的表决意见为 准；如先对总议案投票表决，再对具体提案投票表决，则以总议案的表决意见为准。 二、通过深交所交易系统投票的程序 1、投票时间：2025年5月23日的交易时间，即上午9：15-9：25、9：30-11：30，下午13：00-15：00。 2、股东可以登录证券公司交易客户端通过交易系统投票。 三、通过互联网投票系统投票的程序 1、投票时间：2025年5月23日上午9:15至下午15:00。 2、股东通过互联网投票系统进行网络投票，需按照《深圳证券交易所上市公司股东会网络投票实施细 则（2025年修订）》的规定办理身份认证，取得"深交所数字证书"或"深交所投资者服务密码"。具体的 身份认证流程可登录互联网投票系统http: ...