证券代码：002050 证券简称：三花智控 公告编号：2025-108 登录新浪财经APP 搜索【信披】查看更多考评等级 浙江三花智能控制股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 浙江三花智能控制股份有限公司（以下简称"公司"）于2024年12月30日召开的第七届董事会第三十次临 时会议，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及股票回购专项贷款资 金以集中竞价交易方式回购公司股份，回购的价格不超过人民币36.00元/股，回购的资金总额为不低于 人民币30,000万元且不超过人民币60,000万元，具体回购股份的数量及占总股本的比例以回购期满时实 际回购数量为准。本次回购股份的实施期限为自公司董事会审议通过回购股份方案之日起不超过12个 月。2025年1月8日，公司披露了《回购股份报告书》（公告编号：2025-002）。具体关于回购股份的信 息详见在巨潮资讯网（http://www.cninfo.com.cn）和《证券时报》《上海证券报》披露的相关公告。 2025年5月15日，公司披露了《关 ...

Group 1 - The company, Sanhua Intelligent Control, announced a share buyback of 3,064,700 shares, representing 0.0728% of its total share capital [1] - The buyback was conducted through a centralized bidding transaction, with a maximum price of 47.00 yuan per share and a minimum price of 22.69 yuan per share [1] - The total amount spent on the buyback was 105,988,421.86 yuan, excluding transaction fees [1] Group 2 - The buyback aligns with the company's established repurchase plan [1]

智通财经APP讯，三花智控(02050)公布，截至 2025 年 11 月 30 日，公司通过股票回购专用证券账户以 集中竞价交易方式回购公司股份306.47万股，占公司总股本的 0.0728%，最高成交价为47.00元/股，最 低成交价为 22.69 元/股，成交总金额为约1.06亿元(不含交易费用)。 ...

格隆汇12月1日丨三花智控(02050.HK)公告，截至2025年11月30日，公司通过股票回购专用证券账户以 集中竞价交易方式回购公司股份306.47万股，占公司总股本的0.0728%，最高成交价为47.00元/股，最低 成交价为22.69元/股，成交总金额为105,988,421.86元(不含交易费用)。本次回购符合公司既定的回购方 案。 ...

三花智控（002050）(02050)公布，截至2025年11月30日，公司通过股票回购专用证券账户以集中竞价 交易方式回购公司股份306.47万股，占公司总股本的0.0728%，最高成交价为47.00元/股，最低成交价为 22.69元/股，成交总金额为约1.06亿元(不含交易费用)。 ...

Quantitative Models and Construction Methods 1. Model Name: Liquidity Impact Coefficient Model - **Model Construction Idea**: This model measures the liquidity impact of index adjustments on individual stocks by calculating the ratio of net fund flows to the stock's recent average daily trading volume[12][13] - **Model Construction Process**: The liquidity impact coefficient for a stock is calculated as follows: $$ impact_{i} = \sum_{k=1}^{N} \frac{\Delta weight_{k,i} \times AUM_{k}}{amt\_avg_{i,20}} $$ - \( \Delta weight_{k,i} \): Estimated weight change of stock \( i \) in index \( k \) - \( AUM_{k} \): Total assets under management of passive products tracking index \( k \) as of the end of November - \( amt\_avg_{i,20} \): Average daily trading volume of stock \( i \) over the past 20 trading days as of the end of November[12][13] - **Model Evaluation**: The model provides a quantitative framework to estimate short-term liquidity shocks caused by index adjustments, but it is subject to data discrepancies and assumptions, which may lead to deviations from actual results[13] --- Model Backtesting Results Liquidity Impact Coefficient Model - **Top 5 Stocks with Highest Positive Impact Coefficients**: - Zhangjiagang Bank (002839 CH): 11.55[15] - Jiangzhong Pharmaceutical (600750 CH): 11.44[15] - Tower Group (002233 CH): 11.04[15] - Jichuan Pharmaceutical (600566 CH): 10.14[15] - Zhengbang Technology (002157 CH): 9.99[15] - **Top 5 Stocks with Highest Negative Impact Coefficients**: - Shenzhen Expressway (600548 CH): -24.95[16] - Vanward Electric (002543 CH): -20.90[16] - Aviation Materials (688563 CH): -14.06[16] - Huaxi Biology (688363 CH): -10.81[16] - Ninghu Expressway (600377 CH): -10.54[16] --- Quantitative Factors and Construction Methods 1. Factor Name: Net Fund Flow Factor - **Factor Construction Idea**: This factor estimates the net fund inflow or outflow for stocks due to index adjustments, based on changes in index weights and the total AUM of passive products tracking the index[9][10] - **Factor Construction Process**: - Outflow Amount: Total AUM of linked products multiplied by the stock's actual weight in the index as of the end of November - Inflow Amount: Total AUM of linked products multiplied by the estimated weight of the stock in the index post-adjustment - Weight estimation is based on free-float market capitalization and index-specific weighting rules, such as dividend yield weighting or market capitalization weighting[9][10] - **Factor Evaluation**: The factor provides a transparent and systematic approach to estimate fund flows, but it is sensitive to assumptions about future index weights and AUM changes[9][10] --- Factor Backtesting Results Net Fund Flow Factor - **Top 5 Stocks with Highest Net Fund Inflows**: - Victory Precision (300476 CH): 112.61 billion CNY[10] - Dongshan Precision (002384 CH): 99.32 billion CNY[10] - Guangqi Technology (002625 CH): 77.81 billion CNY[10] - Sugon Information (603019 CH): 65.44 billion CNY[10] - Top Group (601689 CH): 53.07 billion CNY[10] - **Top 5 Stocks with Highest Net Fund Outflows**: - China Mobile (600941 CH): -40.02 billion CNY[11] - CRRC Corporation (601766 CH): -36.40 billion CNY[11] - Aluminum Corporation of China (601600 CH): -34.29 billion CNY[11] - TCL Zhonghuan (002129 CH): -30.07 billion CNY[11] - Huagong Tech (000988 CH): -27.44 billion CNY[11]

Core Viewpoint - The company is committed to a global development strategy, establishing overseas production bases to mitigate risks from international trade friction [1] Group 1 - The company has established overseas production bases in Mexico, Poland, Vietnam, and Thailand [1] - The global production layout has been formed, which aids the company in better responding to international trade challenges [1]

Core Viewpoint - The company has achieved a steady increase in gross margin through various measures, including pricing mechanisms linked to copper prices and cost control strategies [1] Group 1: Pricing and Cost Management - The company has implemented a pricing mechanism that is linked to customer copper prices, effectively hedging against cost risks from market raw material price fluctuations [1] - The company has adopted hedging strategies to mitigate the impact of raw material price volatility on costs [1] Group 2: Product and Sales Strategy - The company has optimized its sales structure by focusing on high-tech product lines, which has enhanced profitability [1] Group 3: Operational Efficiency - The company has conducted internal activities aimed at reducing costs and increasing efficiency, including lean production, process optimization, and cost reduction in procurement [1] - These measures have improved operational efficiency while maintaining revenue growth and further enhancing gross margin [1]

证券代码：002050 证券简称：三花智控 公告编号：2025-109 浙江三花智能控制股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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、误导性陈述或者重大遗漏。 一、召开会议的基本情况 1、股东大会届次：2025年第二次临时股东大会 2、股东大会的召集人：董事会 3、会议召开的合法性、合规性情况：经公司第八届董事会第十二次临时会 议审议通过，决定召开2025年第二次临时股东大会，召集程序符合有关法律、行 政法规、部门规章、规范性文件和公司章程的规定。 4、会议时间： （1）现场会议时间：2025年12月17日14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为2025年12月17日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互 联网投票系统投票的具体时间为2025年12月17日9:15至15:00的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 12 月 10 日 7、出席对象 （1）A 股股东或其代理人 ...

Company Summary - Sanhua Intelligent Controls announced a share buyback plan, repurchasing approximately 3.06 million shares, which represents 0.0728% of the total share capital, with a total transaction amount of approximately 106 million yuan [1] - The highest transaction price during the buyback was 47 yuan per share, while the lowest was 22.69 yuan per share [1] - As of the report date, Sanhua Intelligent Controls has a market capitalization of 184.3 billion yuan [1] Industry Context - The announcement comes amid a broader trend in the financial market where medium to long-term large-denomination certificates of deposit are becoming scarce, with three-year interest rates dropping to 1.5% and facing high demand [1]