Core Points - The company announced the issuance of 5.4096 million new shares at a price of 26.03 yuan per share, raising a total of 141 million yuan, with a net amount of 137 million yuan [1] - The new shares are scheduled to be listed on the Shenzhen Stock Exchange on November 17, 2025 [1]

Market Overview - The automotive parts sector increased by 0.55% on November 5, with Aerospace Intelligence leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Top Gainers in Automotive Parts Sector - Aerospace Intelligence (300446) closed at 22.53, up 15.36% with a trading volume of 1.0315 million shares and a transaction value of 2.274 billion [1] - Wanliyang (002434) closed at 9.68, up 10.00% with a trading volume of 544,000 shares and a transaction value of 509 million [1] - Tianpu Co., Ltd. (605255) closed at 98.02, up 10.00% with a trading volume of 89,300 shares and a transaction value of 850 million [1] - Other notable gainers include Redik (300652) at 62.58 (+9.64%), Zhengqiang Co. (301119) at 46.51 (+9.56%), and Xingyuan Zhuomei (301398) at 56.02 (+6.85%) [1] Top Losers in Automotive Parts Sector - Zhongma Transmission (603767) closed at 28.01, down 6.23% with a trading volume of 271,400 shares and a transaction value of 772 million [2] - Helit Technology (603917) closed at 16.01, down 3.61% with a trading volume of 183,100 shares and a transaction value of 296 million [2] - Nanfang Precision (002553) closed at 29.63, down 3.26% with a trading volume of 170,800 shares and a transaction value of 511 million [2] Fund Flow Analysis - The automotive parts sector experienced a net outflow of 27.9276 million from institutional funds, while retail investors saw a net inflow of 49.8 million [2] - Notable net inflows from retail investors were observed in Aerospace Intelligence (300446) with 20.957 million, while significant outflows were noted in Zhongma Transmission (603767) with 137.1 million [3]

Core Points - Taiyuan Heavy Industry has received an administrative penalty notice from the Shanxi Securities Regulatory Bureau, indicating that the company is involved in significant legal issues related to financial misreporting [1] - Southern Precision has also faced regulatory scrutiny for inaccurate disclosures regarding its humanoid robot business, leading to stock price volatility and potential investor claims [2] Group 1: Taiyuan Heavy Industry - The company is accused of prematurely recognizing revenue and understating costs related to a wind power project in Heilongjiang, resulting in false financial statements from 2014 to 2021 [1] - The allegations include inflating income from self-sourced tower structures and misreporting financing lease expenses [1] - Investors affected by these misstatements are now eligible to initiate claims for damages [1] Group 2: Southern Precision - The company received a warning from the Jiangsu Securities Regulatory Bureau for failing to clarify misleading information that led to abnormal stock price movements [2] - The inaccurate information was disseminated on an investor interaction platform, causing the stock to hit multiple daily price limits [2] - Investors who purchased shares between June 20 and July 5, 2023, may pursue compensation for their losses [2]

Core Viewpoint - Southern Precision Engineering is a significant manufacturer of needle bearings and overrunning clutches in China, with strong R&D capabilities and quality control, holding a substantial market share in the automotive and motorcycle industries [1] Group 1: Business Performance - In Q3 2025, Southern Precision Engineering reported revenue of 622 million yuan, ranking 76th among 103 companies in the industry, while the industry leader, Weichai Power, achieved revenue of 170.571 billion yuan [2] - The company's main business composition includes precision bearings at 242 million yuan, accounting for 58.34%, and overrunning clutches at 86.798 million yuan, accounting for 20.96% [2] - The net profit for the same period was 357 million yuan, placing the company 14th in the industry, with the top performer, Weichai Power, reporting a net profit of 10.852 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Southern Precision Engineering's debt-to-asset ratio was 18.43%, an increase from 17.19% year-on-year, and significantly lower than the industry average of 39.06% [3] - The gross profit margin for the same period was 32.01%, down from 33.81% year-on-year, but still above the industry average of 21.53% [3] Group 3: Executive Compensation - The chairman, Shi Jianwei, received a salary of 1 million yuan in 2024, unchanged from 2023, while the general manager, Jiang Zongcheng, saw an increase in salary to 983,300 yuan from 671,100 yuan in the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.23% to 93,500, while the average number of circulating A-shares held per shareholder increased by 0.23% to 2,681.69 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked as the third-largest, holding 4.9988 million shares, an increase of 3.6105 million shares from the previous period [5]

Core Insights - The company reported significant growth in both revenue and net profit for the third quarter and year-to-date, driven by business expansion and increased fair value of investment assets [2][3] - Due to actual net fundraising being lower than expected, the company prudently adjusted the investment amounts for its fundraising projects to ensure efficient use of funds [2] Financial Performance - For Q3 2025, the company achieved a revenue of 208 million yuan, a year-on-year increase of 6.34%; net profit attributable to shareholders was 137 million yuan, surging by 190.98% [2] - Year-to-date (January to September 2025), the company reported a cumulative revenue of 622 million yuan, up 11.27%; net profit attributable to shareholders reached 367 million yuan, an increase of 689.81% [3] - Basic earnings per share for Q3 was 0.3939 yuan, reflecting a year-on-year growth of 190.92%; for the year-to-date, it was 1.0533 yuan, a rise of 689.58% [3] - The weighted average return on equity was 27.86%, an increase of 23.95 percentage points compared to the same period last year [3] Cash Flow and Financial Structure - The net cash flow from operating activities for January to September 2025 was 81 million yuan, a decrease of 14.91% year-on-year, primarily due to changes in the structure of operating income and expenses [3] - As of September 30, 2025, total assets amounted to 1.805 billion yuan, a growth of 25.82% from the previous year; equity attributable to shareholders was 1.464 billion yuan, up 29.24% [3] Fundraising Project Adjustments - The company adjusted the investment amounts for two major fundraising projects without changing the intended use of the funds, resulting in a total reduction of 50.9961 million yuan [3] - Specific adjustments included a reduction of 18.2741 million yuan for the precision brake and transmission components production line and a reduction of 32.7220 million yuan for the precision industrial bearing production line [3]

江苏南方精工股份有限公司 3、本次会议应参会监事3人，实际参会监事3人。 证券代码：002553 证券简称：南方精工 公告编号：2025-065 江苏南方精工股份有限公司 第六届监事会第十九次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、监事会会议召开情况 1、江苏南方精工股份有限公司（以下简称"公司"）于2025年10月26日通 过电子邮件等方式，向各位监事发出关于召开公司第六届监事会第十九次会议的 通知。 2、本次会议于2025年10月29日上午在公司二楼会议室以现场方式召开。 4、本次会议由监事会主席徐鹏先生主持。 5、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等有 关法律、法规和《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事充分审议，会议采用记名投票表决的方式逐项表决了本次会议的 各项议案，形成并通过了如下决议： 1、审议通过了《关于公司2025年三季度报告的议案》； 经审核，监事会认为编制和审议公司2025年三季度报告的程序符合法律、行 政法规和中国证监会的相关规定，报告内容真实、准确、完整地反映了上 ...

江苏南方精工股份有限公司 证券代码：002553 证券简称：南方精工 公告编号：2025-064 江苏南方精工股份有限公司 第六届董事会第二十四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、江苏南方精工股份有限公司（以下简称"公司"）于2025年10月24日通 过电子邮件等方式，向各位董事发出关于召开公司第六届董事会第二十四次会议 的通知。 二、董事会会议审议情况 经与会董事充分审议，会议采用记名投票表决的方式逐项表决了本次会议的 各项议案，形成并通过了如下决议： 1、审议通过《关于公司2025年三季度报告议案》； 经审核，董事会全体成员认为公司《2025年三季度报告》全文编制和审核程 序符合法律、行政法规、中国证监会的规定，报告内容真实、准确、完整地反映 了公司的经营情况和财务状况等事项，不存在任何虚假记载、误导性陈述或重大 遗漏。该议案已经董事会审计委员会全体成员通过。 2、本次会议于2025年10月24日上午在公司三楼会议室以现场方式召开。 3、本次会议应参会董事9人，实际参会董事9人。 4、本次会议由董事长 ...

江苏南方精工股份有限公司 证券代码：002553 证券简称：南方精工 公告编号：2025-066 江苏南方精工股份有限公司 关于调整向特定对象发行股票募集资金投资项目投入金额 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。 江苏南方精工股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第六 届董事会第二十四次会议和第六届监事会第十九次会议，审议通过了《关于调整向特 定对象发行股票募集资金投资项目投入金额的议案》，同意公司根据实际募集资金净 额，按照项目情况调整并最终决定各募集资金投资项目（以下简称"募投项目"）的 募集资金具体投入金额。具体情况如下： 一、募集资金基本情况 中国证券监督管理委员会于 2025 年 8 月 13 日出具了《关于同意江苏南方精工股 份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕1715 号），同意公司 向特定对象发行股票的注册申请。 公司本次向特定对象发行股票 5,409,639 股，发行价格为 26.03 元/股。根据苏亚 金诚会计师事务所（特殊普通合伙）出具的《江苏南方精工股份有限公 ...

中国银河证券股份有限公司 关于江苏南方精工股份有限公司调整 向特定对象发行股票募集资金投资项目投入金额的核查意见 江苏南方精工股份有限公司（以下简称"南方精工"或"公司"）于 2025 年 10 月 29 日召开第六届董事会第二十四次会议和第六届监事会第十九次会议，审 议通过了《关于调整向特定对象发行股票募集资金投资项目投入金额的议案》， 同意公司根据实际募集资金净额，按照项目情况调整并最终决定各募集资金投资 项目（以下简称"募投项目"）的募集资金具体投入金额。中国银河证券股份有 限公司（以下简称"银河证券"或"保荐人"）作为南方精工向特定对象发行 A 股股票的保荐人，对公司调整向特定对象发行股票募集资金投资项目投入金额事 项进行了核查，具体情况如下： 一、募集资金基本情况 中国证券监督管理委员会于 2025 年 8 月 13 日出具了《关于同意江苏南方精 工股份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕1715 号）， 同意公司向特定对象发行股票的注册申请。 公司本次向特定对象发行股票 5,409,639 股，发行价格为 26.03 元/股。根据 苏亚金诚会计师事务所（特殊普通合伙）出具的 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥208,049,410.13, representing a year-over-year increase of 6.34%[5] - Net profit attributable to shareholders was ¥137,079,390.90, a significant increase of 190.98% compared to the same period last year[5] - The basic earnings per share (EPS) for the quarter was ¥0.3939, reflecting a 190.92% increase year-over-year[5] - The company's revenue for Q3 2025 reached ¥622,192,054.02, an increase of 11.27% compared to ¥559,161,242.25 in the same period last year[21] - Net profit attributable to shareholders for the period was ¥366,544,680.87, a significant increase of 689.81% from ¥46,409,115.10 year-on-year, primarily due to a fair value gain from investments[21] - The net profit after deducting non-recurring gains and losses was ¥99,833,101.06, reflecting a year-on-year growth of 13.44% from ¥88,002,864.73[21] - Operating profit surged to ¥415,228,001.01, compared to ¥40,905,095.86 in the previous period, reflecting a significant improvement[28] - Net profit for the current period was ¥357,185,421.22, a substantial increase from ¥37,999,644.46 in the previous period, indicating strong financial performance[28] - Basic and diluted earnings per share both stood at ¥1.0533, up from ¥0.1334 in the previous period, showcasing enhanced profitability[29] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,804,987,740.97, up 25.82% from the end of the previous year[5] - Total assets reached ¥1,804,987,740.97, up from ¥1,434,598,769.38, reflecting growth in the company's asset base[28] - Total liabilities increased to ¥332,651,645.77 from ¥284,993,284.97, indicating a rise in financial obligations[28] - Shareholders' equity increased to ¥1,464,081,024.70, marking a 29.24% rise compared to the previous year-end[5] - The company's total equity increased to ¥1,472,336,095.20 from ¥1,149,605,484.41, indicating a stronger financial position[28] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥81,030,003.64, down 14.91% compared to the previous year[5] - Cash inflow from operating activities amounted to ¥539,953,834.80, compared to ¥517,140,871.52 in the previous period, demonstrating improved cash generation[30] - Cash received from investment returns increased by 926.51% to 30,410,900.53, reflecting higher cash inflows from the divestment of Pan-Asia Micro透 shares[16] - Cash inflow from investment activities was $122,664,546.14, compared to $38,258,969.52 in the previous period, marking a substantial increase[31] - Cash and cash equivalents increased to ¥592,647,851.00 from ¥441,795,680.26, indicating improved liquidity[25] - Total cash and cash equivalents at the end of the period reached $592,647,851.00, up from $368,929,222.24, reflecting a net increase of $150,852,170.74[31] Investments and Income - The company reported a significant increase in financial assets, with other non-current financial assets rising by 75.74% to ¥454,730,900.00[9] - Investment income surged by 929.57% to 30,389,889.06, mainly due to the company's partial divestment of Pan-Asia Micro透 shares[13] - Fair value changes in equity increased by 640.95% to 282,689,646.14, attributed to the rise in fair value of Pan-Asia Micro透 shares held by the company[13] - The company experienced a 201.72% increase in cash and cash equivalents due to foreign exchange adjustments[16] - The company reported a significant increase in investment income to ¥30,389,889.06 from ¥2,951,717.95 in the previous period, indicating better investment performance[28] Tax and Expenses - The company reported a significant increase in income tax expenses by 2753.98% to 57,039,298.03, due to a rise in taxable income[13] - Financial expenses increased by 161.24% to -8,169,126.13 due to foreign exchange gains from currency fluctuations compared to the same period last year[13] - Cash paid for taxes was $31,310,270.24, down from $37,807,876.02, indicating a decrease of approximately 17.5%[31] Operational Highlights - The company has successfully launched multiple new products and expanded its customer base, contributing to revenue growth[21] - The company continues to focus on market expansion and technological innovation to drive future growth[21] - Inventory levels rose to ¥170,888,539.39 from ¥149,591,941.25, indicating increased production and sales activity[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,523, with the largest shareholder holding 34.60% of shares[18] Regulatory and Accounting Changes - The company is in the process of issuing shares to specific investors, with the project approved by the Shenzhen Stock Exchange and the CSRC[23] - The new accounting standards will be first implemented starting in 2025[33] - The company did not undergo an audit for the third quarter financial report[32]