证券代码：002448 证券简称：中原内配 公告编号：2025-029 中原内配集团股份有限公司 2024 年年度权益分派实施公告 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"）2024 年年度权益分派方案 已获 2025 年 5 月 16 日召开的 2024 年年度股东大会审议通过，现将权益分派事 宜公告如下： 一、 股东大会审议通过分配方案等情况 1、公司 2024 年度利润分配方案已于 2025 年 5 月 16 日召开的 2024 年度股 东大会审议通过，详见公司 2025 年 5 月 17 日在指定信息披露媒体《证券时报》 《上海证券报》和巨潮资讯网（http://www.cninfo.com.cn）发布的相关决议公告。 公司 2024 年年度权益分派方案为：以 2024 年末公司总股本 588,409,646 股 为基数，向全体股东每 10 股派发现金红利 1.3 元（含税），不送红股，不以公积 金转增股本，本次合计分配现金 76,493,253.98 元。如董事会及股东大会审议通 过公司 2024 年年度 ...

Group 1 - The company has announced its 2024 annual profit distribution plan, which was approved at the shareholders' meeting on May 16, 2025 [1][2] - The distribution plan involves a cash dividend of 1.3 RMB per 10 shares (before tax), totaling approximately 76.49 million RMB, based on a total share capital of 588,409,646 shares [1][2] - The cash dividend will be adjusted if there are changes in the company's share capital before the implementation of the plan [1] Group 2 - The equity distribution plan is consistent with the proposal reviewed at the 2024 annual shareholders' meeting [2] - The record date for the equity distribution is set for June 26, 2025, and the ex-dividend date is June 27, 2025 [2][3] - The distribution will be directly credited to shareholders' accounts through their securities companies or other custodians [3]

Group 1 - The company has elected Mr. Xue Yahui as the chairman of the board and legal representative, replacing Mr. Xue Delong [1] - The change in legal representative is documented in the updated business license, which reflects the new registration details [1] - The company is engaged in various activities including automotive parts research and development, manufacturing, and sales, as well as new energy technology research [1] Group 2 - The company was established on December 29, 1996, with a registered capital of 58,849,646 yuan [1] - The business license is issued by the Jiaozuo Market Supervision Administration [1] - The company operates in multiple sectors including metal materials manufacturing and sales, and technology services [1]

证券代码：002448 证券简称：中原内配 公告编号：2025-028 | 变更事项 | 原登记内容 | 变更后登记内容 | | --- | --- | --- | | 法定代表人 | 薛德龙 | 薛亚辉 | 二、变更后营业执照基本情况 | 项目 | 内容 | | --- | --- | | 统一社会信用代码 | 91410800719183135K | | 企业名称 | 中原内配集团股份有限公司 | | 类型 | 股份有限公司（上市、自然人投资或控股） | | 法定代表人 | 薛亚辉 | | 成立日期 | 1996 年 12 月 29 日 | | 注册资本 | 伍亿捌仟捌佰肆拾万玖仟陆佰肆拾陆圆整 | | 登记机关 | 焦作市市场监督管理局 | | --- | --- | | 住所 | 河南省孟州市产业集聚区淮河大道 69 号 | | 经营范围 | 一般项目：汽车零部件研发；汽车零部件及配件制造；汽车零 配件零售；新兴能源技术研发；电池零配件生产；电池零配件 | | | 销售；模具制造；锻件及粉末冶金制品制造；锻件及粉末冶金 | | | 制品销售；金属材料制造；金属材料销售；有色金属合金制造； | | | ...

Group 1 - The company is currently constructing machining and casting production lines at its Thailand factory, with cylinder sleeve products expected to start production in the third quarter [2] - To accelerate its overseas business strategy, the company increased its investment in the Thailand subsidiary by 41 million Thai Baht, raising the total investment from no more than 210 million RMB to no more than 350 million RMB [2] - After the capital increase, the design plan for the Thailand factory will include 4 casting production lines and 18 cylinder sleeve machining lines, with an annual design capacity of 7 million cylinder sleeves [2] Group 2 - The company's core products are divided into four main segments: key internal combustion engine components (cylinder sleeves, pistons, piston rings, and bearing shells), automotive electronic turbocharger control actuators, composite brake drums for braking systems, and hydrogen fuel cell engines and their core components [2] - The company maintains stable gross margins through high-end research platforms, lean cost control, major customer development capabilities, and efficient team management [2] - The subsidiary Hengjiu Braking's second phase project for bi-metal brake drums is expected to complete machining line debugging and commence production by late June this year, increasing annual production capacity to 1.4 million units [2] Group 3 - The company recently signed a strategic cooperation agreement with Sunshine New Energy to collaborate in hydrogen equipment manufacturing, hydrogen production and refueling facility construction, and hydrogen vehicle applications, focusing on hydrogen infrastructure and scenario implementation in Henan Province [3] - The company is also exploring cooperation opportunities in the humanoid robot sector, aligning with industry trends and business needs [3]

Product Structure - The company's main product layout is divided into four major segments: core components for internal combustion engines (cylinder sleeves, pistons, piston rings, and bearings), electronic components in the automotive sector (turbocharger electronic actuators), composite brake drums in the braking system, and hydrogen fuel cell engines and core components in the hydrogen energy sector [2][3]. Thailand Factory Investment - In March 2025, the company increased its investment in the Thailand factory by 410 million Thai Baht, raising the total investment from no more than 210 million RMB to no more than 350 million RMB. The factory's design now includes four casting production lines and 18 cylinder sleeve processing lines, with an annual design capacity of 7 million cylinder sleeves. Production is expected to commence in the third quarter [2][3]. Gross Margin Stability - The company's stable gross margin is attributed to several factors: 1. A highly experienced R&D team and a comprehensive high-end scientific research innovation platform that enhances product competitiveness. 2. Cost control through lean production and increased automation, improving input-output ratios. 3. A strong marketing team and effective guidelines that have led to a stable increase in major clients. 4. Enhanced organizational coordination and talent development that drive steady business progress [3]. Brake Drum Production Capacity - The second phase of the brake drum project is expected to complete machinery adjustments by the end of this month, with an overall annual production capacity of 1.4 million units. The subsidiary has been operating at full capacity due to strong market demand, and the new production line will help meet the increasing market needs [3]. Robotics Sector Interest - The company is considering opportunities in the humanoid robotics sector while continuing to focus on the automotive parts industry. It aims to explore collaborations in upstream and downstream sectors to identify new application areas [3]. Hydrogen Energy Cooperation - A strategic cooperation agreement with Sunshine New Energy includes collaboration in hydrogen equipment manufacturing and application scenarios. The partnership aims to leverage both companies' strengths in hydrogen energy investment and manufacturing, focusing on projects like hydrogen stations and green hydrogen production [4].

Core Viewpoint - The strategic cooperation between Zhongyuan Nepe and Sunshine New Energy aims to enhance green energy consumption, reduce energy costs, and improve product competitiveness while contributing to the "dual carbon" goals [1][2][3] Group 1: Strategic Cooperation Details - Zhongyuan Nepe signed a strategic cooperation agreement with Sunshine New Energy to build a 100MW wind power project in Mengzhou, with an initial phase of 50MW [2] - The cooperation focuses on hydrogen energy equipment manufacturing, leveraging both companies' strengths to develop a comprehensive hydrogen energy manufacturing system [2][3] - The partnership includes collaboration on hydrogen infrastructure, such as hydrogen production and refueling stations, and aims to replace traditional energy sources with green alternatives [2] Group 2: Benefits and Goals - The cooperation is expected to accelerate Zhongyuan Nepe's energy structure transformation and promote green development, enhancing the company's core competitiveness [3] - By utilizing renewable energy and reducing costs, the partnership aims to achieve mutual benefits and drive the transition to green energy [2][3] - The collaboration will also facilitate the promotion of hydrogen fuel cell systems and expand the hydrogen energy industry chain [3]

Core Viewpoint - Zhongyuan Neipei (002448) signed a strategic cooperation agreement with Sunshine New Energy on May 30, 2025, aimed at energy structure transformation and achieving complementary advantages and win-win cooperation [1] Group 1: Cooperation Agreement Details - The cooperation agreement serves as a framework for collaboration between the two companies [1] - Key areas of cooperation include integrated projects for wind power, hydrogen equipment industry collaboration, hydrogen application scenarios, and long-term green electricity agreements [1] Group 2: Financial Impact - The cooperation is expected to have no significant impact on the company's financial status and operating results for the year 2025 [1]

证券代码：002448 证券简称：中原内配 公告编号：2025-027 关于签署战略合作框架协议的公告 中原内配集团股份有限公司 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。 特别提示 1、本次签署的合作协议为双方合作的框架性协议，履约过程中可能会出现 因双方经营计划、发展战略调整以及不可抗力等原因，导致变更、中止或终止， 具体实施内容和进度尚存在不确定性。后续合作与项目推进等具体事项尚需双方 进一步协商确定，具体合作内容以签订的具体项目合同为准。 2、本合作协议的签署预计对公司2025年度的财务状况和经营成果不构成重 大影响。公司将按照法律法规和《公司章程》的相关规定，对合作后续事项的落 地实施履行相应的审批程序和信息披露义务。敬请广大投资者谨慎决策，注意投 资风险。 一、本次框架协议签署概况 随着全球能源转型压力、新能源规模化挑战以及电力系统灵活性的迫切需求， 能源系统改革是必然选择。为响应"双碳"目标，中原内配集团股份有限公司（以 下简称"公司"）于2025年5月30日与阳光新能源开发股份有限公司（以下简称 "阳光新能源"）签署了《战略合作协议》（以下简称 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for investment opportunities [2]. Core Insights - The automotive industry is experiencing a recovery in profitability, driven by the "old-for-new" policy, which has stimulated steady growth in passenger car sales in China [4][20]. - In 2024, the wholesale sales of passenger cars in China reached 27.41 million units, a year-on-year increase of 6.15%, while the sales of new energy passenger cars grew by 31.99% to 12.23 million units [4][22]. - The penetration rate of new energy vehicles increased to 44.6% in 2024, up 10.2 percentage points from 2023, indicating a strong trend towards electrification [22]. - The report highlights a significant divergence in performance within the passenger car sector, with leading companies like BYD showing robust growth, while others like SAIC and GAC faced declines [31][39]. Summary by Sections 1. Automotive Industry Performance in 2024 - The automotive industry in China is benefiting from government policies that encourage consumers to replace old vehicles with new ones, leading to increased sales [20]. - The total wholesale sales of passenger cars in 2024 were 27.41 million units, with a growth rate of 6.15% year-on-year [4][20]. 2. Passenger Car Sector: Performance Disparity - The passenger car sector achieved revenues of CNY 2,063.48 billion in 2024, a 9.79% increase, while net profit reached CNY 59.83 billion, up 1.37% [5][31]. - The first quarter of 2025 saw revenues of CNY 434.86 billion, a 7.39% increase, and net profit of CNY 14.09 billion, a 16.35% increase [5][31]. 3. Automotive Parts Sector: Revenue and Profit Growth - The automotive parts sector reported revenues of CNY 966.12 billion in 2024, a 6.14% increase, and net profit of CNY 47.41 billion, a 10.29% increase [6][53]. - In the first quarter of 2025, revenues reached CNY 234.43 billion, a 7.40% increase, with net profit at CNY 14.32 billion, a 13.56% increase [6][53]. 4. Investment Strategy - The automotive indices have shown significant growth, with the passenger car index rising by 7.29% and the automotive parts index by 14.82% year-to-date [7][75]. - The report emphasizes the importance of focusing on intelligent vehicle development, with companies like Huawei leading in technology integration [79]. 5. Key Companies and Recommendations - The report recommends several companies based on their performance and market position, including Zhongyuan Neipei, Xinz坐标, Kehua Holdings, and others, all rated as "Buy" [10].