Core Viewpoint - Zhongyuan Neipei (002448) expects a significant increase in net profit for 2025, projecting a range of 368 million to 428 million yuan, representing a year-on-year growth of 80.47% to 109.9% [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 368 million to 428 million yuan for 2025 [1] - This projection indicates a substantial year-on-year growth of 80.47% to 109.9% [1] Group 2: Business Operations - The core business of the company continues to show steady growth [1] - The production and sales of cylinder sleeves are steadily increasing [1] - The subsidiary Hengjiu Braking is capitalizing on opportunities in the heavy truck market, achieving significant growth in brake drum products [1] - Key products such as electronic control actuators and steel pistons have seen notable increases in both production and sales [1]

Core Viewpoint - Zhongyuan Neipei (002448.SZ) forecasts a net profit attributable to shareholders for 2025 between 368 million to 428 million yuan, representing a year-on-year growth of 80.47% to 109.90% [1] - The company expects a net profit of 359 million to 419 million yuan after deducting non-recurring gains and losses, indicating a year-on-year increase of 87.59% to 118.97% [1] Group 1 - The company's core business continues to show steady growth [1] - The cylinder sleeve products maintain steady growth in production and sales due to product advantages and cost competitiveness, solidifying the company's leading position in the industry [1] - Subsidiary Hengjiu Brake seizes opportunities in the heavy truck market, achieving significant growth in production and sales of brake drum products through rapid capacity expansion and optimized production layout, becoming a key driver of the company's performance [1] - Strategic products such as electronic control actuators and steel pistons have also seen significant increases in production and sales compared to the previous year [1]

Core Viewpoint - Zhongyuan Neipei (002448.SZ) forecasts a net profit attributable to shareholders for 2025 between 368 million to 428 million yuan, representing a year-on-year growth of 80.47% to 109.90% [1] - The company expects a net profit after deducting non-recurring gains and losses to be between 359 million to 419 million yuan, indicating a year-on-year increase of 87.59% to 118.97% [1] Group 1: Business Performance - The company's core business continues to show steady growth [1] - The cylinder sleeve products have achieved stable growth in production and sales due to product advantages and cost competitiveness, reinforcing the company's leading position in the industry [1] - The subsidiary Hengjiu Brake has capitalized on the booming heavy truck market, achieving significant growth in production and sales of brake drum products through rapid capacity expansion and optimized production layout, becoming a key driver of the company's performance [1] - Strategic products such as electronic control actuators and steel pistons have also seen significant increases in production and sales compared to the previous year [1]

格隆汇1月20日丨中原内配(002448.SZ)公布，中原内配集团股份有限公司董事会于近日收到公司财务总 监、董事会秘书李培先生的书面辞职报告，李培先生因个人家庭原因申请辞去公司财务总监、董事会秘 书职务，辞职后不再担任公司任何职务。根据《中华人民共和国公司法》《公司章程》及《公司董事、 高级管理人员离职管理制度》等的规定，李培先生的辞职报告自送达董事会之日起生效。 ...

格隆汇1月20日丨中原内配(002448.SZ)公布，中原内配集团股份有限公司董事会于近日收到公司财务总 监、董事会秘书李培先生的书面辞职报告，李培先生因个人家庭原因申请辞去公司财务总监、董事会秘 书职务，辞职后不再担任公司任何职务。根据《中华人民共和国公司法》《公司章程》及《公司董事、 高级管理人员离职管理制度》等的规定，李培先生的辞职报告自送达董事会之日起生效。 ...

Core Viewpoint - The company expects a net profit of 368 million to 428 million yuan for the year 2025, representing a year-on-year growth of 80.47% to 109.90% [1] Group 1: Business Performance - The company's core business continues to show steady growth [1] - The cylinder sleeve products have achieved stable growth in production and sales due to product advantages and cost competitiveness, solidifying the company's leading position in the industry [1] - The subsidiary, Hengjiu Braking, has capitalized on the booming heavy truck market by rapidly expanding production capacity and optimizing production layout, leading to a significant increase in the production and sales of brake drum products, which has become a key driver of the company's performance growth [1] - Strategic products such as electronic control actuators and steel pistons have also seen significant increases in production and sales compared to the same period last year [1]

Core Viewpoint - Zhongyuan Neipei has announced its annual performance forecast, expecting a significant increase in net profit for 2025, driven by stable growth in core business and effective management strategies [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 368 million to 428 million yuan for 2025, representing a year-on-year increase of 80.47% to 109.90% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 358 million and 418 million yuan, with a year-on-year growth of 87.59% to 118.97% [1] Group 2: Business Growth Drivers - In 2024, the company recognized a goodwill impairment of 120.22 million yuan related to the acquisition of Incodel Holding LLC, but preliminary assessments for 2025 indicate no signs of impairment [1] - The company's cylinder sleeve products have achieved steady growth in production and sales, reinforcing its leading position in a competitive market [1] - Subsidiary Hengjiu Brake has capitalized on the booming heavy truck market, achieving significant growth in production and sales of brake drum products, which has become a key driver of overall performance [1] - Strategic products such as electronic control actuators and steel pistons have also seen substantial increases in production and sales compared to the previous year [1] Group 3: Operational Efficiency - The company plans to enhance lean management, optimize expenditure structures, and improve overall operational efficiency, which will support profit growth alongside business scale expansion [1] - The company demonstrates strong risk resistance and resilience for high-quality development in a complex and changing market environment, laying a solid foundation for sustained and stable growth [1]

证券代码：002448 证券简称：中原内配 公告编号：2026-004 中原内配集团股份有限公司 关于公司财务总监、董事会秘书离职的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 中原内配集团股份有限公司（以下简称"公司"）董事会于近日收到公司财 务总监、董事会秘书李培先生的书面辞职报告，李培先生因个人家庭原因申请辞 去公司财务总监、董事会秘书职务，辞职后不再担任公司任何职务。根据《中华 人民共和国公司法》《公司章程》及《公司董事、高级管理人员离职管理制度》 等的规定，李培先生的辞职报告自送达董事会之日起生效。 截至本公告披露日，李培先生未持有公司股份，亦不存在应当履行而未履行 的承诺事项，其辞职不会对公司日常生产经营产生影响。公司董事会对李培先生 在公司任职期间的辛勤工作及对公司发展做出的贡献表示衷心感谢。 根据《深圳证券交易所股票上市规则》等相关规定，公司将根据法定程序尽 快完成董事会秘书的选聘工作。公司董事会在聘任新的董事会秘书前，指定公司 董事长薛亚辉先生代行董事会秘书职责。 二○二六年一月二十日 公司董事长薛亚辉先生代行董事会秘书职责期间的联系方式 ...

证券代码：002448 证券简称：中原内配 公告编号：2026-003 中原内配集团股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、本期业绩预计情况 （1）以区间数进行业绩预告的 单位：万元 | 项 目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东的 | 36,800 | | ～ | 42,800 | 20,390.72 | | 净利润 | 比上年同期增长 | 80.47% | ～ | 109.90% | | | 扣除非经常性损益后的 | 35,860 | | ～ | 41,860 | 19,116.46 | | 净利润 | 比上年同期增长 | 87.59% | ～ | 118.97% | | | 基本每股收益（元/股） | 0.63 | | ～ | 0.73 | 0.35 | 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the automotive industry [5] Core Insights - The automotive industry in China is expected to achieve record production and sales in 2025, driven by policies encouraging vehicle trade-ins and the release of new models [5] - The passenger vehicle market is showing steady growth, with production and sales surpassing 30 million units in 2025, and domestic brands capturing nearly 70% of the market share [5] - The commercial vehicle market is recovering, with production and sales exceeding 4 million units, particularly strong performance in the new energy heavy truck segment [5] - New energy vehicles (NEVs) are experiencing rapid growth, with production and sales reaching approximately 1.66 million units in 2025, accounting for nearly 50.8% of domestic sales [5] - The report highlights two main investment themes: the acceleration of L3 level autonomous driving commercialization and the transition of automotive technology towards robotics and liquid cooling systems [5] Industry Performance Review - As of January 20, 2026, the automotive (CITIC) industry index increased by 4.07%, outperforming the Shanghai Composite Index by 2.15 percentage points [10] - Over 75% of automotive stocks saw an increase in value, with notable performers including Jiaoyun Co., Saifu Technology, and Siliang Zhidu [16] - The automotive sector's PE (TTM) is at 34.4 times, ranking 15th among 30 CITIC primary industries, while the PB (LF) is at 2.7 times, ranking 80th percentile [19] Key Data Tracking Industry Overview - In 2025, the total production and sales of automobiles reached 34.53 million and 34.40 million units, respectively, marking a year-on-year increase of 10.4% and 9.4% [27] Passenger Vehicles - Passenger vehicle production and sales for 2025 reached 30.27 million and 30.10 million units, with year-on-year growth of 10.2% and 9.2% [41] Commercial Vehicles - Commercial vehicle production and sales for 2025 totaled 4.26 million and 4.30 million units, reflecting year-on-year increases of 12% and 10.9% [56] New Energy Vehicles - New energy vehicle production and sales reached 1.66 million and 1.65 million units in 2025, with a market share of 47.9%, up 7.01 percentage points year-on-year [67]