Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Jingu Co., Ltd. on November 17, with a stock price increase of 0.94% and a trading volume of 102 million yuan [1] - On November 17, Jingu Co., Ltd. had a financing buy-in amount of 10.5961 million yuan and a net financing buy-in of 2.4834 million yuan, indicating strong investor interest [1] - As of November 17, the total financing and securities lending balance for Jingu Co., Ltd. reached 518 million yuan, with a financing balance of 516 million yuan, representing 5.34% of the circulating market value [1] Group 2 - As of November 10, the number of shareholders for Jingu Co., Ltd. increased to 37,300, a rise of 3.78%, while the average circulating shares per person decreased by 3.64% to 24,634 shares [2] - For the period from January to September 2025, Jingu Co., Ltd. reported a revenue of 3.086 billion yuan, reflecting a year-on-year growth of 6.91%, and a net profit attributable to shareholders of 42.0073 million yuan, up 29.77% year-on-year [2] - Since its A-share listing, Jingu Co., Ltd. has distributed a total of 339 million yuan in dividends, with cumulative distributions of 21.7912 million yuan over the past three years [2]

Group 1: Company Overview - Zhejiang Jingu Co., Ltd. was listed on the Shenzhen Stock Exchange in 2010 and is a leading manufacturer in the wheel manufacturing industry in China [2] - The company is transitioning from a traditional parts manufacturer to a new materials solution provider, driven by advanced material technology [2][3] Group 2: Material Technology and Strategic Upgrade - The company has developed the "Avatar" niobium micro-alloy material, which has a maximum strength of 2000 MPa, approximately twice that of titanium alloys and five times that of aluminum alloys, enabling weight reduction and cost savings [2][3] - Continuous investment in R&D has led to iterative upgrades of the Avatar material, expanding into other metal materials, composite materials, and modified plastics [3] Group 3: Automotive Parts Business Growth - The company is a significant player in the automotive wheel industry, leveraging its unique "Avatar low-carbon wheel" to establish a competitive advantage amid the trend towards automotive lightweighting [3] - The company has launched new product series, including "Gemini" and "Cybertron," aiming to cover a wide range of passenger vehicles from economy to mid-high-end models [3] - Rapid capacity expansion is underway with new production lines established in multiple domestic locations and overseas, including Thailand, to support performance growth [3] - The company has deepened partnerships with major domestic automakers like BYD and Changan, while also securing significant projects in international markets, with projected sales of $158 million from a U.S. project over five years [3] Group 4: Emerging Market Expansion - The company is strategically moving into the robotics industry, where lightweight, strong, and durable materials are essential for core components [4] - The electric two-wheeler market is expected to grow due to new safety regulations, prompting the company to apply its four-wheeler technology to this sector, which could significantly contribute to future performance [4] Group 5: Q&A Highlights - The Avatar niobium micro-alloy wheels are characterized by innovative design, lightweight, high precision, strength, better balance, enhanced deformation resistance, durability, and cost-effectiveness [5] - The company is actively collaborating with various enterprises in the robotics sector to enhance its competitive edge in high-end manufacturing [7]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, projecting significant growth in the coming years [4][7]. Core Insights - The company is successfully promoting its new material, Avanda niobium microalloy, and has established partnerships with various enterprises, indicating a strong market presence [1][4]. - The upgrade of production lines and the pre-emptive allocation of R&D expenses are expected to impact short-term performance, but the long-term outlook remains positive as production capacity for Avanda wheels is anticipated to meet growing demand [2][4]. - The upcoming launch of the Thailand factory is expected to drive international business growth, with several overseas projects already secured, including a significant contract with a leading global automotive company [3][4]. Financial Summary - The company forecasts revenue growth from 3,357 million in 2023 to 7,835 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 32.7% [5][12]. - Net profit is projected to rebound from 32 million in 2023 to 460 million by 2027, with a notable increase of 257.45% in 2026 [5][12]. - The earnings per share (EPS) is expected to rise from 0.03 in 2023 to 0.46 in 2027, indicating strong profitability growth [5][12]. Market Position and Strategy - The company is actively entering emerging sectors such as robotics and low-altitude aircraft, leveraging the unique properties of Avanda niobium microalloy, which offers significant weight reduction and cost savings compared to traditional materials [4][12]. - Collaborations with companies like Zhiyuan Robotics and Luming Robotics highlight the company's strategic focus on innovative applications of its materials [4][12].

Core Viewpoint - Jingu Co., Ltd. announced the election of Shi Qingyun as the employee representative director of the sixth board of directors during the employee representative assembly scheduled for November 12, 2025 [2] Company Summary - Jingu Co., Ltd. will hold an employee representative assembly on November 12, 2025 [2] - Shi Qingyun has been elected as the employee representative director [2]

浙江金固股份有限公司 关于非独立董事辞职暨选举职工代表董事的公告 证券代码：002488 证券简称：金固股份 编号：2025-053 二、选举公司职工代表董事的情况 根据《公司法》 《公司章程》 等有关规定，公司于2025年11月12日召开职 工代表大会，同意选举师庆运先生担任公司第六届董事会职工代表董事（简历详 见附件），任期自本次职工代表大会审议通过之日起至公司第六届董事会任期届 满之日止，可连选连任。 师庆运先生符合相关法律、法规及规范性文件对董事任职资格的要求，其担 任公司职工代表董事后，公司董事会中兼任公司高级管理人员职务的董事以及由 职工代表担任的董事人数总计未超过公司董事总数的二分之一，符合相关法律、 法规及规范性文件的要求。 特此公告。 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。 浙江金固股份有限公司（以下简称"公司"）于 2025 年 11 月 12 日召开 2025 年第一次临时股东大会，审议通过了《关于修订<公司章程>的议案》，根据修订 后的《公司章程》 规定，公司设职工代表董事 1 名，由公司职工通过职工代表 大会民主选举产生。 一 ...

证券代码：002488 证券简称：金固股份 编号：2025-051 浙江金固股份有限公司 2025 年第一次临时股东会决议的公告 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、本次股东会无否决提案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议时间：2025 年 11 月 12 日 14:30:00 网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 12 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 11 月 12 日 9:15 至 15:00 的任意时间。 （2）会议地点：浙江省杭州市富阳区场口镇化竹路 1 号金固工业园 4 号楼 3 楼会议室 1。 （3）会议召集人：公司董事会 （4）会议召开方式：现场表决与网络投票相结合 本 次 股 东 会 将 通 过 深 圳 证 券 交 易 所 交 易 系 统 和 互 联 网 投 票 系 统 （http://w ...

法律意见书 浙江天册律师事务所 关于 浙江金固股份有限公司 2025 年第一次临时股东会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 浙江天册律师事务所（以下简称"本所"）接受浙江金固股份有限公司（以 下简称"金固股份"或"公司"）的委托，指派本所律师参加公司 2025 年第一次 临时股东会，并根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）和《上市公司股东会规 则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文件的要 求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东会召集、召开程序、出席人员的 资格、召集人的资格、表决程序及表决结果的合法有效性发表意见，不对会议所 审议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书仅供公司 2025 年第一次临时股东会之目的使用。本所律师同意 将本法律意见书随金固股份本次股东会其他信息披露资料一并公告，并依法对本 所在其中发表的法律意见承担法律责任 ...

证券代码：002488 证券简称：金固股份 编号：2025-052 浙江金固股份有限公司 二、审议通过了《关于选举董事会各专门委员会成员及召集人的议案》。 根据《公司法》《公司章程》的规定，公司第六届董事会下设战略与投资委 员会、审计委员会、薪酬与考核委员会、提名委员会四个专门委员会，董事会选 举各委员会成员及召集人，如下： | 董事会专门委员会 | 召集人 | 成员名单 | | --- | --- | --- | | 战略与投资委员会 | 孙锋峰 | 金佳彦、孙群慧 | | 审计委员会 | 靳明 | 季建阳、洪伟刚 | | 薪酬与考核委员会 | 程峰 | 师庆运、靳明 | | --- | --- | --- | | 提名委员会 | 季建阳 | 孙锋峰、程峰 | 第六届董事会第十四次会议决议的公告 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。 浙江金固股份有限公司（以下简称"公司"）第六届董事会第十四次会议（以 下简称"会议"）通知于2025年11月7日以专人送达、电子邮件等方式发出，会 议于2025年11月12日在浙江省杭州市富阳区浙江金固股份有限公司三楼 ...

Core Viewpoint - The company announced the resignation of non-independent director Shi Qingyun due to adjustments in the board structure, while he will continue to serve in another capacity within the company [1] Group 1 - Shi Qingyun submitted a written resignation report, which became effective upon delivery to the company [1] - The company held a staff representative meeting on November 12, 2025, where Shi Qingyun was elected as a staff representative director for the sixth board, with a term lasting until the board's term ends [1] - The election allows for the possibility of consecutive terms for Shi Qingyun [1]

Group 1 - The core point of the article is that Jingu Co., Ltd. (SZ 002488) held its 14th meeting of the 6th board of directors on November 12, 2025, to discuss various proposals, including the election of directors to manage company affairs [1] - For the first half of 2025, Jingu Co., Ltd.'s revenue composition was as follows: automotive parts manufacturing accounted for 65.51%, steel trading accounted for 27.18%, and other businesses accounted for 7.31% [1] - As of the time of reporting, Jingu Co., Ltd. had a market capitalization of 9.6 billion yuan [1]