本公司及董事会全体成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、对外投资概述 证券代码：002196 证券简称：方正电机 公告编号：2025-052 关于对外投资设立全资子公司的公告 三、投资的目的、存在的风险和对公司的影响 本次投资事项是基于公司整体发展战略需要做出的决策，有利于提升公司综 合竞争力，促进公司持续健康发展。本次投资事项所需资金全部来源于公司自有 或自筹资金，不会对公司的财务状况和经营成果产生不利影响，不存在损害公司 及全体股东，特别是中小股东利益的情形。 本次投资事项尚需按照有关规定办理注册登记手续，未来经营管理过程中可 能面临宏观经济、行业政策、技术研发、运营管理以及市场开拓等不确定因素带 来的风险。新设全资子公司主要负责为包括本公司及分子公司在内的新能源汽车 关键零部件等企业提供研发设计咨询、快速原型样件制作、零部件性能检测与可 靠性验证等综合研发服务。公司将不断完善子公司的管理体系和内控机制，明确 经营策略和风险管理，推动子公司持续稳健发展。 1、对外投资基本情况 为长远战略发展规划，优化公司产业布局，促进业务发展，浙江方正电机股 份有 ...

方正电机公告，第三季度营收为7.48亿元，同比增长13.87%；净利润为2095.35万元，同比增长 2,607.26%。前三季度营收为20.13亿元，同比增长10.44%；净利润为1375.73万元，同比增长 153,128.60%。 ...

Core Viewpoint - The company plans to establish a wholly-owned subsidiary with an investment of 50 million yuan, named Deqing Fangzheng Smart Drive Application Technology Co., Ltd, pending approval from market supervision authorities [1] Group 1: Investment Details - The company will invest 50 million yuan in cash to set up the subsidiary [1] - The registered capital of the new subsidiary will be 50 million yuan [1] Group 2: Management and Operations - The legal representative of the new subsidiary will be Niu Mingkui [1] - The business scope of the subsidiary includes testing services, mechanical equipment research and development, information system integration services, technical services, technical development, technical consulting, technical exchange, technical transfer, technical promotion, as well as import and export of technology and agency services [1]

浙江方正电机股份有限公司（以下简称"公司"）第八届董事会第二十八次 会议通知于 2025 年 10 月 22 日以邮件、传真或专人送达形式发出，会议于 2025 年 10 月 27 日以现场与通讯相结合的方式在方正电机会议室召开。会议应到董事 9 人，实到董事 9 人。本次会议的召开符合《公司法》及《公司章程》的规定， 会议决议合法有效。会议由董事长翁伟文先生主持，经与会董事充分讨论，表决 通过如下事项： 一、审议通过了《公司 2025 年第三季度报告的议案》 证券代码：002196 证券简称：方正电机 公告编号：2025-054 浙江方正电机股份有限公司 第八届董事会第二十八次会议决议公告 本公司及其全体董事、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。 表决结果：9 票同意，0 票弃权，0 票反对。 详见披露媒体《证券时报》、《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）《关于对外投资设立全资子公司的公告》（公告 号：2025-052）。 三、审议通过了《关于使用自有闲置资金开展委托理财业务的议案》 表决结果：9 票同 ...

浙江方正电机股份有限公司 2025 年第三季度报告 证券代码：002196 证券简称：方正电机 公告编号：2025-051 浙江方正电机股份有限公司 2025 年第三季度报告 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 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、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 747,602,716.66 | 13.87% | 2,012,535,297.24 | 10.44% ...

Core Viewpoint - The stock of Fangzheng Electric has experienced a decline recently despite a significant increase in its price year-to-date, indicating potential volatility in the market [1][2]. Group 1: Stock Performance - As of October 23, Fangzheng Electric's stock price was 8.84 CNY per share, down 2.10% during the trading session [1]. - The stock has increased by 64.93% year-to-date but has seen a decline of 7.72% in the last five trading days and 14.59% over the past 20 days [1]. - The company has appeared on the "龙虎榜" (a stock trading list) 10 times this year, with the most recent appearance on April 24 [1]. Group 2: Financial Performance - For the first half of 2025, Fangzheng Electric reported a revenue of 1.265 billion CNY, reflecting a year-on-year growth of 8.51% [2]. - The company recorded a net profit attributable to shareholders of -7.1962 million CNY, a decrease of 951.93% compared to the previous period [2]. Group 3: Shareholder Information - As of June 30, the number of shareholders for Fangzheng Electric was 73,500, a decrease of 1.24% from the previous period [2]. - The average number of circulating shares per shareholder increased by 1.44% to 6,644 shares [2]. Group 4: Business Overview - Fangzheng Electric, established on December 20, 2001, and listed on December 12, 2007, is based in Lishui, Zhejiang Province [1]. - The company's main business includes powertrain electronic control, research and development, production, and sales of micro-special motors [1]. - The revenue composition is as follows: 47.43% from drive motors and automotive electronics, 34.27% from intelligent controllers, 16.02% from micro-special motors, and 2.28% from other sources [1].

Group 1 - The core viewpoint of the news is that Fangzheng Electric has experienced significant stock price fluctuations and changes in shareholder structure, with a notable increase in stock price year-to-date but recent declines in the short term [1][2]. - As of October 22, Fangzheng Electric's stock price rose by 2.01% to 9.12 CNY per share, with a total market capitalization of 4.522 billion CNY [1]. - The company has seen a year-to-date stock price increase of 70.15%, but it has declined by 4.50% in the last five trading days and 14.04% in the last 20 days [1]. Group 2 - For the first half of 2025, Fangzheng Electric reported operating revenue of 1.265 billion CNY, representing a year-on-year growth of 8.51%, while the net profit attributable to shareholders was -7.1962 million CNY, a decrease of 951.93% compared to the previous period [2]. - The company has a total of 73,500 shareholders as of June 30, which is a decrease of 1.24% from the previous period, with an average of 6,644 circulating shares per shareholder, an increase of 1.44% [2]. - Since its A-share listing, Fangzheng Electric has distributed a total of 182 million CNY in dividends, with no dividends paid in the last three years [3].

Market Overview - The electric motor sector increased by 0.75% compared to the previous trading day, with Dayang Electric leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Dayang Electric (002249) closed at 11.48, rising by 2.96% with a trading volume of 2.67 million shares and a transaction value of 3.037 billion [1] - Other notable performers include: - Kaizhong Precision (002823) at 16.74, up 2.07% [1] - Bafang Electric (603489) at 24.88, up 1.97% [1] - Huayang Intelligent (301502) at 47.77, up 1.90% [1] - Kangping Technology (300907) at 33.04, up 1.63% [1] Fund Flow Analysis - The electric motor sector experienced a net outflow of 252 million from institutional investors, while retail investors saw a net inflow of 103 million [2] - Notable stock fund flows include: - Jiangte Electric (002176) with a net inflow of 26.04 million from institutional investors [3] - Huayi Shares (300626) with a net inflow of 24.04 million from institutional investors [3] - Zhaowei Electromechanical (003021) with a net inflow of 13.15 million from institutional investors [3]

Core Viewpoint - The rapid development of artificial intelligence and a complete supply chain is driving significant innovation in China's future industries, particularly in electric vehicles and humanoid robots, leading to a new pattern of industrial upgrading. Group 1: Company Overview - Fangzheng Electric (002196) has established competitive advantages across multiple fields and is actively expanding new growth curves, particularly in micro-special motors, controllers, and electric vehicle drive systems [1][2]. - The company has a leading position in the micro-special motor and controller market, with a global market share of approximately 75% in household sewing machine motors and has successfully entered the supply chains of major international clients in the electric tool motor business [2]. Group 2: Financial Performance - In the first half of 2025, Fangzheng Electric's micro-special motor business revenue grew by 9.11%, while overall profitability increased by 20.47% [2]. - The company's electric vehicle drive motor shipments reached 463,600 units in a single quarter, with a historical cumulative total exceeding 3.56 million units, covering over 40 popular vehicle models [3]. Group 3: Market Trends - The global electric tool market is projected to grow from $29.69 billion in 2025 to $40.95 billion by 2032, with a steady CAGR of 4.7% from 2025 to 2032 [1]. - The Chinese passenger car market for new energy vehicles is expected to exceed 23 million units by 2028, with a CAGR of 22.8% [3]. Group 4: Product Development - Fangzheng Electric's subsidiary, Shanghai Haineng Automotive Electronics, has developed a series of automotive engine control systems and is actively engaging in new product development, including controllers for hydrogen and methanol engines [4]. - The company is advancing its humanoid robot joint module development, with 18 patents filed and 9 authorized, indicating progress towards mass production [5]. Group 5: Industry Outlook - The electric tool, new energy vehicle, and humanoid robot sectors are all entering demand inflection points, positioning Fangzheng Electric at the intersection of "Made in China" and "Intelligent Manufacturing" [6]. - With global liquidity returning to a loose state and inventory cycles improving, Fangzheng Electric is expected to experience a resonance of traditional business recovery and explosive growth in emerging sectors [6].

Market Overview - On October 17, the state-owned enterprise reform sector fell by 1.6% compared to the previous trading day, with Fangzheng Electric leading the decline [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Top Gainers in State-Owned Enterprise Reform Sector - Shandong Molong (002490) saw a closing price of 6.78, with a gain of 10.06% and a trading volume of 1.048 million shares, totaling 684 million yuan [1] - Xingri Co., Ltd. (002083) closed at 5.60, up 10.02%, with a trading volume of 932,100 shares and a total transaction value of 508 million yuan [1] - Dongxin Peace (002017) closed at 26.36, gaining 10.02%, with a trading volume of 575,700 shares and a transaction value of 1.482 billion yuan [1] Top Losers in State-Owned Enterprise Reform Sector - Fangzheng Electric (002196) closed at 8.62, down 10.02%, with a trading volume of 532,300 shares and a transaction value of 468 million yuan [2] - Aerospace Chuangxin (600501) closed at 22.22, down 10.00%, with a trading volume of 240,500 shares and a transaction value of 554 million yuan [2] - Deep Technology (000021) closed at 27.40, down 9.99%, with a trading volume of 2.0161 million shares and a transaction value of 5.682 billion yuan [2] Capital Flow Analysis - The state-owned enterprise reform sector experienced a net outflow of 22.413 billion yuan from institutional investors, while retail investors saw a net inflow of 19.988 billion yuan [2] - Speculative funds had a net inflow of 2.425 billion yuan into the sector [2] Individual Stock Capital Flow - Dongxin Peace (002017) had a net inflow of 6.44 billion yuan from institutional investors, accounting for 43.47% of its trading volume [3] - Shandong Molong (002490) saw a net inflow of 2.42 billion yuan from institutional investors, representing 35.34% of its trading volume [3] - Xirui Co., Ltd. (002083) had a net inflow of 1.42 billion yuan from institutional investors, making up 28.05% of its trading volume [3]