Core Viewpoint - The company, Feilong Co., Ltd. (002536), has a core product system that includes engine thermal management products and new energy thermal management products, with applications extending into various fields including automotive, server liquid cooling, charging pile liquid cooling, energy storage liquid cooling, and robotics [1] Product Categories - The company's core product categories consist of two main types: engine thermal management products and new energy thermal management products [1] - These products are designed to cover a wide range of application scenarios, primarily in the automotive sector [1] Market Expansion - The company is gradually extending its product applications into advanced fields such as server liquid cooling, charging pile liquid cooling, energy storage liquid cooling, and robotics [1] - This strategy aims to create a collaborative development layout across multiple fields [1]

证券代码：002536 证券简称：飞龙股份 公告编号：2025-088 飞龙汽车部件股份有限公司 飞龙汽车部件股份有限公司董事会 2025 年 11 月 26 日 附件：方磊先生简历 中金公司作为公司 2022 年度向特定对象发行 A 股股票项目的保荐机构，原 委派杨曦先生、佟妍女士担任持续督导保荐代表人，负责公司持续督导工作，持 续督导期至 2024 年 12 月 31 日止，但因公司募集资金尚未使用完毕，中金公司 仍需对公司募集资金使用履行持续督导义务。 今日，公司收到中金公司通知，因佟妍女士工作变动，不再负责公司 2022 年度向特定对象发行 A 股股票项目的持续督导工作，为保证持续督导工作的有序 进行，中金公司决定拟委派方磊先生（简历详见附件）接替佟妍女士，担任公司 持续督导的保荐代表人，继续履行对公司的持续督导责任。 本次保荐代表人更换后，公司 2022 年度向特定对象发行 A 股股票项目的持 续督导保荐代表人为杨曦先生、方磊先生，本次更换不影响中金公司对公司的持 续督导工作。公司董事会对佟妍女士在担任公司保荐代表人期间所做的贡献表示 衷心感谢！ 特此公告。 关于更换持续督导保荐代表人的公告 本公司 ...

Market Overview - The automotive industry index increased by 14.79% as of November 21, 2025, outperforming the Shanghai Composite Index and CSI 300 Index by 0.38 percentage points and 1.61 percentage points respectively [11][12] - The automotive sector's performance was strong in the first half of 2025 but became more aligned with the broader market in the second half [11][12] - The majority of sub-sectors showed positive growth, with motorcycles and other segments leading the gains [17][18] Financial Performance - The automotive industry achieved a revenue of CNY 36,976.27 billion in 2024, a year-on-year increase of 3.35%, and a net profit of CNY 1,363.61 billion, up 9.98% [30] - In the first three quarters of 2025, the industry reported revenues of CNY 28,712.84 billion, reflecting a 10.73% year-on-year growth, and a net profit of CNY 1,165.36 billion, up 10.72% [30][31] - The industry’s gross margin was 15.83% in the first three quarters of 2025, a slight decline from the previous year, while the net margin improved to 4.29% [33] Passenger Vehicle Segment - The passenger vehicle market is expected to reach record sales in 2025, driven by policy support and increased penetration of new energy vehicles (NEVs) [43] - NEV retail sales reached 10.15 million units from January to October 2025, a year-on-year increase of 21.9%, with a market share of 52.73% [45][50] - The market structure is shifting towards domestic brands, which captured nearly 70% of the market share by September 2025, while foreign brands are losing ground [50][51] Commercial Vehicle Segment - The commercial vehicle market showed signs of recovery in 2025, with production and sales increasing by nearly 10% year-on-year in the first three quarters [5] - The growth in the commercial vehicle sector is driven by policies promoting vehicle replacements and the rising sales of new energy commercial vehicles [5][6] Automotive Parts Sector - The national strategy emphasizes "intelligent and connected" technologies as the main axis for upgrading the automotive industry [5] - The penetration of advanced driver-assistance systems (ADAS) is expected to drive market expansion and domestic substitution in core hardware [5][6] Investment Recommendations - The report maintains a "stronger than market" rating for the automotive sector, recommending key companies in the passenger vehicle segment such as BYD, Changan Automobile, and Great Wall Motors [6] - In the commercial vehicle segment, Yutong Bus is recommended, along with a focus on China National Heavy Duty Truck [6] - For the automotive parts sector, companies like Feilong Co., Top Group, and Desay SV are highlighted as potential investment opportunities [6]

| 減持期间 | 减持均价（元/股）减持股数（万股）套现金额（万元）减持后 | | | | --- | --- | --- | --- | | 20250808-2025080820.98 | 18.72 | 392.81 | 32.7% | | 20250805-2025080720.13 | 544.53 | 10961.13 | 32.74% | | 20160323-2016032363.76 | 350 | 22316 | 35.48% | | 20160324-2016032462.04 | 350 | 21714 | 32.33% | | 合计 | 1263.25 | 55383.94 | | 中国经济网北京11月24日讯 飞龙股份（002536.SZ）11月21日发布关于公司控股股东减持股份的预披露公告。 持有公司股份187,975,771股（占公司总股本比例32.7036%）的公司控股股东河南省宛西控股股份有限公司（以下简称"宛西控股"）计划自公告之日起十 五个交易日后的三个月内，以大宗交易方式减持公司股份不超过11,495,700股（减持比例不超过公司总股本的2.0000%）。 飞龙股份表 ...

格隆汇11月21日丨飞龙股份(002536.SZ)公布，控股股东河南省宛西控股股份有限公司（简称"宛西控 股"）计划自公告之日起十五个交易日后的三个月内，以大宗交易方式减持公司股份不超过11,495,700股 （减持比例不超过公司总股本的2.0000%）。 ...

Core Insights - On November 21, eight A-share listed companies disclosed share reduction plans, with no companies announcing share increases on the same day [1][2]. Group 1: Companies and Their Share Reduction Plans - Tianyin Electromechanical: The controlling shareholder plans to reduce holdings by up to 3% [2]. - Feilong Co., Ltd.: The controlling shareholder intends to reduce holdings by no more than 2% [2]. - Zhongke Feice: The actual controller and some directors and executives plan to collectively reduce holdings by up to 0.0562% [2]. - Weihai Guangtai: The actual controller plans to reduce holdings by up to 2% [2]. - Tianhai Defense: Shareholder Changcheng Asset intends to reduce holdings by up to 1% [2]. - Fujirui: Shareholder Shanghai Zhaoren plans to reduce holdings by up to 0.21% [2]. - Zhaoyi Innovation: Some executives plan to collectively reduce 249,000 shares [2]. - Jixiang Airlines: The controlling shareholder Junyao Group intends to reduce holdings by up to 3% [2].

智通财经APP讯，飞龙股份(002536.SZ)发布公告，公司控股股东河南省宛西控股股份有限公司(以下简 称"宛西控股")计划自公告之日起十五个交易日后的三个月内，以大宗交易方式减持公司股份不超过 1149.57万股(减持比例不超过公司总股本的2%)。 ...

Core Viewpoint - The controlling shareholder of Feilong Co., Ltd. plans to reduce its stake in the company through block trading, indicating potential changes in ownership dynamics [1] Group 1 - The controlling shareholder, Henan Wanxi Holdings Co., Ltd., intends to reduce its holdings by up to 11.4957 million shares [1] - The planned reduction represents no more than 2% of the company's total share capital [1]

人民财讯11月21日电，飞龙股份（002536）11月21日公告，公司控股股东河南省宛西控股股份有限公司 (简称"宛西控股")计划以大宗交易方式减持公司股份不超过1149.57万股(减持比例不超过公司总股本的 2%)。 ...

每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 （记者 曾健辉） 每经AI快讯，飞龙股份（SZ 002536，收盘价：21.07元）11月21日晚间发布公告称，持有飞龙汽车部件 股份有限公司股份约1.88亿股（占公司总股本比例约为32.70%）的公司控股股东河南省宛西控股股份有 限公司计划自公告之日起十五个交易日后的三个月内，以大宗交易方式减持公司股份不超过约1150万 股。 2025年1至6月份，飞龙股份的营业收入构成为：汽车零部件占比97.75%，液冷领域热管理部件占比 1.9%，其他业务占比0.35%。 截至发稿，飞龙股份市值为121亿元。 ...