2.本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 （一）会议召开日期和时间： 现场会议时间：2025年11月03日14:50 证券代码：002870 证券简称：香山股份 公告编号：2025-075 广东香山衡器集团股份有限公司 2025年第二次临时股东会决议公告 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、误导性陈述或者重大遗漏。 特别提示： 1. 本次股东会未出现否决提案的情形。 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03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03日9:15至15:00的任意时间。 （二）现场会议召开地点：宁波市高新区聚贤路1266号宁波均胜群英汽车系 统股份有限公司会议室。 （三）大会召集人：广东香山衡器集团股份有限公司董事会 （四）会议召开方式：本次股东会采用现场表决与网络投票相结合的方式 （五）会议主持人：董事长刘玉达先生 （六）本次会议的召开及表决符合有关法律、行政法规、部门规章、规范性 文件、深交所业务规则和《公司 ...

Core Viewpoint - Xiangshan Co., Ltd. has announced a share buyback program, indicating a commitment to returning value to shareholders and potentially signaling confidence in its future performance [1] Summary by Categories Share Buyback Details - As of October 31, 2025, the company has repurchased a total of 1,993,100 shares, which represents 1.51% of its total share capital [1] - The highest price paid for the repurchased shares was 34.90 CNY per share, while the lowest price was 30.31 CNY per share [1] - The total amount spent on the buyback was 64,752,634.00 CNY, excluding transaction fees [1]

Group 1 - The company, Xiangshan Co., announced on November 3 that it has repurchased approximately 1.99 million shares, accounting for 1.51% of its total share capital, through the Shenzhen Stock Exchange's centralized bidding system [1] - The highest repurchase price was 34.9 yuan per share, while the lowest was 30.31 yuan per share, with a total repurchase amount of approximately 64.75 million yuan [1]

证券代码：002870 证券简称：香山股份 公告编号：2025-074 广东香山衡器集团股份有限公司 关于回购公司股份进展的公告 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。 广东香山衡器集团股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日 召开第七届董事会第 3 次会议审议通过了《关于回购公司股份方案的议案》，同 意公司使用不低于人民币 6,000 万元（含）且不超过人民币 12,000 万元（含）的 自有资金及/或股票回购专项贷款，回购价格不超过 35 元/股（含），通过集中竞 价交易方式回购公司部分已发行的人民币普通股（A 股）股份，用于实施员工持 股计划或股权激励计划。鉴于公司 2024 年年度权益分派已实施完毕，自 2025 年 5 月 6 日起回购价格上限由 35 元/股（含）调整为 34.90 元/股（含）。具体情况详 见公司于 2025 年 4 月 22 日、2025 年 4 月 24 日在巨潮资讯网（www.cninfo.com.cn） 披露的《关于回购公司股份方案的公告》（公告编号：2025-022）、《关于回购公司 股 ...

Core Viewpoint - Xiangshan Co., Ltd. is a leading company in the domestic weighing industry, known for high-quality products and innovative technology, with a significant market share both domestically and internationally [1] Group 1: Business Overview - Established on June 22, 1999, and listed on May 15, 2017, Xiangshan Co., Ltd. is headquartered in Zhongshan, Guangdong Province [1] - The company focuses on the research, production, and sales of mid-to-high-end household and commercial weighing instruments, health and sports information measurement products, and automotive parts [1] Group 2: Financial Performance - For Q3 2025, Xiangshan Co., Ltd. reported revenue of 4.47 billion yuan, ranking 10th among 36 companies in the industry, with the industry leader, Yunsen Electronics, generating 45.84 billion yuan [2] - The net profit for the same period was 138 million yuan, placing the company 14th in the industry, while Yunsen Electronics reported a net profit of 1.36 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 67.84%, higher than the previous year's 66.97% and above the industry average of 44.11% [3] - The gross profit margin for Q3 2025 was 23.15%, slightly down from 23.52% year-on-year but still above the industry average of 19.46% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.44% to 13,100, while the average number of circulating A-shares held per account increased by 10.42% to 9,870.01 [5] - Notable shareholders include Fu Guo Optimized Enhanced Bond C, which became the fourth-largest circulating shareholder, increasing its holdings by 825,000 shares [5] Group 5: Strategic Outlook - According to Zheshang Securities, Xiangshan Co., Ltd. is facing short-term performance pressure but is actively positioning itself in the low-altitude economy [6] - The automotive parts business is expected to generate 5.09 billion yuan in revenue for 2024, accounting for 86.2% of total revenue, while the weighing instrument business is projected to contribute 770 million yuan [6] - The company anticipates a compound annual growth rate (CAGR) of 15% in net profit from 2025 to 2027, with projected net profits of 160 million, 200 million, and 240 million yuan respectively [6]

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Guangdong Xiangshan Weighing Instrument Group Co., Ltd. (Xiangshan Co.) for the third quarter of 2025, showcasing a modest revenue growth and a significant increase in net profit, alongside advancements in its automotive components and weighing instrument businesses [1][2]. Financial Performance - In the first three quarters of 2025, Xiangshan Co. achieved a revenue of 4.47 billion yuan, representing a year-on-year growth of 1.54% [1]. - The net profit attributable to shareholders for the same period was 90.54 million yuan, with the third quarter net profit reaching 37.56 million yuan, reflecting a quarter-on-quarter increase of 23.79% [1]. Business Segments - Xiangshan Co. operates in two main sectors: automotive components and weighing instruments. The automotive components segment focuses on smart cockpit parts and new energy charging and distribution systems, leveraging advanced manufacturing technologies [1]. - The weighing instruments segment includes a variety of products such as health scales, fat scales, baby scales, kitchen scales, electronic cash registers, and spring scales [1]. Market Dynamics - The automotive components business has seen a recovery in the domestic market, benefiting from a rebound in the passenger vehicle industry, with September production and sales surpassing 3 million units [2]. - The overseas subsidiaries are working on cost reduction and efficiency improvements while expanding their customer base, which is expected to enhance profitability [2]. Strategic Initiatives - Xiangshan Co. is focusing on the charging and distribution business as a key strategy to counter cyclical challenges, with products aligned with national policies and standards [2]. - The company has achieved CE and UL certifications for its products, enabling entry into the European and American markets, and is also venturing into the eVTOL charging sector [2]. Research and Development - In the first three quarters of 2025, Xiangshan Co. invested 325 million yuan in R&D, marking a year-on-year increase of 21.42% [3]. - The company aims to continue increasing R&D investments to explore new business growth points beyond the automotive and low-altitude economy sectors [3]. Financial Strategy - Xiangshan Co. is advancing a non-public offering to its controlling shareholder, aimed at consolidating control and optimizing its financial structure [3]. - The funds raised will enhance cash reserves, reduce the debt-to-asset ratio, and support capacity expansion, R&D investments, and global expansion efforts [3].

Core Viewpoint - Xiangshan Co., Ltd. has experienced a decline in stock price recently, with a year-to-date increase of 19.87% and a notable drop of 8.09% over the past five trading days [1] Financial Performance - As of September 30, 2025, Xiangshan Co., Ltd. reported a revenue of 4.47 billion yuan, reflecting a year-on-year growth of 1.54%. However, the net profit attributable to shareholders decreased by 27.71% to 90.54 million yuan [2] - The company has distributed a total of 128 million yuan in dividends since its A-share listing, with 46.23 million yuan distributed over the past three years [3] Shareholder Information - The number of shareholders as of September 30, 2025, is 13,100, a decrease of 9.44% from the previous period. The average number of circulating shares per person increased by 10.42% to 9,870 shares [2] - Among the top ten circulating shareholders, the fourth largest is the Fuguo Optimized Enhanced Bond C fund, holding 2.92 million shares, an increase of 825,000 shares from the previous period. The eighth largest is the Fuguo Jiuli Stable Allocation Mixed A fund, which is a new shareholder holding 1.10 million shares [3] Business Overview - Xiangshan Co., Ltd. specializes in the research, production, and sales of mid-to-high-end household and commercial weighing instruments, health and sports measurement products, and automotive components. The revenue composition includes 66.31% from automotive smart cockpit components, 18.47% from new energy vehicle parts and charging services, 14.53% from weighing instruments, and 0.69% from other sources [1]

Core Insights - The company demonstrates resilience in a challenging global luxury car market, achieving steady revenue growth and showcasing potential through strategic optimization and forward-looking business layout [1] Group 1: Financial Performance - In the first three quarters of the year, the company reported a cumulative revenue of 4.47 billion yuan, reflecting a year-on-year growth of 1.54% [1] - Although net profit faced pressure year-on-year, core business showed improvement on a quarter-on-quarter basis, with breakthroughs in new sectors [1] Group 2: Automotive Components Business - The automotive components segment has shown significant quarter-on-quarter improvement, leveraging domestic market growth to offset overseas sales challenges [2] - In September, domestic vehicle production and sales exceeded 3 million units, marking a historical peak for the same period, which positively impacted related revenues [2] - The subsidiary, Junsheng Qunying, secured a project with BYD for charging piles, achieving a 100% vehicle-to-pile matching rate, enhancing its position in the new energy supply chain [2] Group 3: New Energy Charging and Distribution Business - The charging and distribution business is a key strategy for the company to counter cyclical challenges, with strong domestic performance and initial success in overseas markets [3] - The company has developed differentiated competitive advantages in charging piles, adhering to high automotive standards and offering smart features [3] - The company has completed CE and UL certifications for its products, with plans to launch 11kW/22kW products in the European market and enter the eVTOL charging sector by the end of the year [3] Group 4: Future Development and Capital Structure - The company is pursuing a non-public issuance of shares to the controlling shareholder, which aims to strengthen control and optimize financial structure [4] - The raised funds will enhance cash reserves, reduce debt ratios, and support capacity expansion, R&D investment, and global layout in the automotive sector [4] - The company plans to leverage the technological expertise and resources of its controlling shareholder, Junsheng Electronics, to enhance its competitive edge in the automotive supply chain [4] - Research and development expenses reached 325 million yuan in the first three quarters of 2025, marking a year-on-year increase of 21.42%, with self-developed actuators achieving mass production [4]

Core Insights - The company reported a revenue of 1,532,145,394.98 yuan for the third quarter of 2025, representing a year-on-year increase of 5.84% [1] - The net profit attributable to shareholders of the listed company was 37,558,418.93 yuan, showing a year-on-year decrease of 18.01% [1] Financial Performance - Revenue for Q3 2025: 1,532,145,394.98 yuan, up 5.84% year-on-year [1] - Net profit for Q3 2025: 37,558,418.93 yuan, down 18.01% year-on-year [1]

广东香山衡器集团股份有限公司 简式权益变动报告书 上市公司名称：广东香山衡器集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：香山股份 股票代码：002870 信息披露义务人姓名：赵玉昆 住所：广东省中山市东区********** 通讯地址：广东省中山市东区起湾道东侧白沙湾工业园区 股权变动性质：减少（集中交易和大宗交易减持） 签署日期：2025年10月 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第15号 ——权益变动报告书》及相关法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、本报告书已全面披露信息披露义务人在广东香山衡器集团股份有限公司中拥 有权益的股份变动情况。 四、截至本报告书签署之日，除本报告书披露的信息外，信息披露义务人没有通 过任何其他方式增加或减少其在广东香山衡器集团股份有限公司中拥有权益的股份。 第二节 信息披露义务人介绍 一、信息披露义务人基本情况 赵玉昆：男，1954年出生，中国国籍，拥有澳大利亚及澳门永久居留权，现 ...