Investment Rating - The industry investment rating is Neutral (maintained) [5] Core Insights - The sales and market share of Hongmeng Intelligent Driving models are expected to continue to rise, benefiting companies in the supply chain [2][3] - The report highlights the strong performance of Hongmeng Intelligent Driving models during the National Day holiday, with a total of 41,300 units booked from October 1-7, representing a 44% year-on-year increase [8] - The report anticipates that the introduction of national standards for intelligent assisted driving will further enhance the market share of vehicles equipped with Huawei's intelligent driving systems [8] Summary by Sections Investment Recommendations and Targets - The report suggests focusing on Hongmeng Intelligent Driving vehicles and related companies, with specific buy recommendations for SAIC Motor (600104), Yanchai Automobile (600418), and several component manufacturers including Yinlun Co. (002126), Xinquan Co. (603179), and others [3] - The report notes that multiple new models are set to launch, which is expected to drive sales and market share upward [3] Market Performance - The report indicates that the high-end and luxury segments of Hongmeng Intelligent Driving models are leading in market share, with significant bookings for models like the Zun Jie S800 and Wanjie M9 [8] - The report projects that by 2026, the product matrix of Hongmeng Intelligent Driving will be further enhanced, allowing for a more comprehensive market presence in the mid-to-high-end new energy vehicle sector [8] Regulatory Developments - The report discusses the upcoming mandatory national standards for intelligent connected vehicles, which are expected to be implemented on January 1, 2027, and how this will impact the market dynamics for L2 level assisted driving systems [8]

Core Insights - Hongmeng Zhixing achieved impressive pre-sales during the National Day period, with multiple new models launched in September expected to drive sales and market share growth in Q4 [1] - The high-end and luxury vehicle market share of Hongmeng Zhixing is leading, with a more complete product matrix expected by 2026 [2] - The proposed national standard for intelligent assisted driving is expected to enhance the market share of vehicles equipped with Huawei's driving assistance technology [3] Group 1 - Hongmeng Zhixing's total pre-sales reached 41,300 units from October 1-7, a 44% year-on-year increase compared to 28,600 units last year [1] - In September, Hongmeng Zhixing's delivery volume reached 52,900 units, with new vehicle pre-sales hitting a record high of 110,000 units [1] - New models such as the Aito M7, Shangjie H5, and Xiangjie S9T have received strong pre-sales, indicating a positive outlook for Q4 sales [1] Group 2 - The Aito S800 has accumulated over 15,000 pre-sales in four months, significantly outperforming competitors like Porsche Panamera and Mercedes-Benz S-Class [2] - The Aito M9 has maintained its position as the market leader with over 500,000 units sold for 18 consecutive months [2] - By 2026, Hongmeng Zhixing plans to launch new models across its product lines, including new SUVs and off-road vehicles, to strengthen its market position [2] Group 3 - The Ministry of Industry and Information Technology is seeking public opinion on a mandatory national standard for intelligent connected vehicles, set to be implemented on January 1, 2027 [3] - The standard will establish stricter entry requirements for L2-level assisted driving systems, which may benefit vehicles equipped with Huawei's technology [3] - Huawei's advanced driving capabilities are expected to help high-end brands like Aito capture market share from traditional luxury vehicles [3] Group 4 - With the launch of new models and the impending implementation of the intelligent driving standard, Hongmeng Zhixing's sales and market share are expected to rise [4] - Recommended investment targets include SAIC Motor, Jianghuai Automobile, and various component suppliers such as Yinlun, Xinquan, and Bojun Technology [4]

Core Viewpoint - Jingzhuan Technology announced a cash dividend distribution plan for the first half of 2025, indicating a commitment to returning value to shareholders [2] Group 1: Dividend Announcement - The company will distribute a cash dividend of 0.35 RMB per 10 shares (including tax) [2] - The record date for the dividend is set for October 15, 2025 [2] - The ex-dividend date is scheduled for October 16, 2025 [2]

Core Points - The company Pacific Precision Forging Technology announced an adjustment to the maximum repurchase price for its shares, changing it from 12.96 CNY per share to 12.93 CNY per share, effective from October 16, 2025 [1][4]. Summary by Sections Repurchase Plan Review - On November 4, 2024, the company held its fifth board meeting and subsequently convened a special shareholders' meeting on November 22, 2024, to approve a share repurchase plan. The plan involves using self-owned funds and bank loans to repurchase shares through centralized bidding, aimed at reducing registered capital and implementing an employee stock ownership plan or equity incentive. The total repurchase amount is set between 100 million CNY and 200 million CNY, with a maximum repurchase price of 13.00 CNY per share, to be executed within 12 months from the approval date [2]. Reason for Adjustment - The adjustment in the repurchase price is linked to the company's semi-annual equity distribution plan for 2025, which involves distributing 0.35 CNY per 10 shares to all shareholders, totaling approximately 20.15 million CNY. The record date for the equity distribution is October 15, 2025, and the ex-dividend date is October 16, 2025. The repurchase price must be adjusted accordingly if any ex-dividend events occur during the repurchase period [3]. Adjustment Details - The maximum repurchase price has been adjusted from 12.96 CNY per share to 12.93 CNY per share, calculated by subtracting approximately 0.0344 CNY from the previous price. This adjustment follows the relevant regulations [4]. Other Notes - Aside from the adjustment in the maximum repurchase price, all other aspects of the share repurchase plan remain unchanged. The company will fulfill its information disclosure obligations in a timely manner during the repurchase period [5].

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。 特别提示： 1、调整前回购股份价格上限：12.96元/股 证券代码：300258 证券简称：精锻科技 公告编号：2025-101 江苏太平洋精锻科技股份有限公司 关于2025年半年度权益分派实施后调整回购价格上限的公告 本次权益分派股权登记日为2025年10月15日，除权除息日为2025年10月16日。 本次权益分派实施后，每股现金红利=本次现金分红总额÷总股本（含回购专用证 券账户持有股份）=20,148,095.87元÷585,047,243股≈0.0344384元/股（以截至2025年9 月29日公司总股本585,047,243股，剔除公司已回购股份9,387,361股为基数，共派发现 金=（585,047,243股-9,387,361股）×0.035元/股=20,148,095.87元）。本次权益分派实施 后除权除息参考价=股权登记日收盘价-0.0344384元/股，具体内容详见公司在巨潮资讯 网（www.cninfo.com.cn）披露的《2025年半年度权益分派实施公告》（公告编号：2025-100） ...

证券代码：300258 证券简称：精锻科技 公告编号：2025-100 江苏太平洋精锻科技股份有限公司 2025年半年度权益分派实施公告 2、公司回购专用证券账户中的股份不参与分红。 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。 特别提示： 1、截至 2025 年 9 月 29 日，江苏太平洋精锻科技股份有限公司（以下简称"公 司"）总股本为 585,047,243 股，其中公司回购专用证券账户中的股份 9,387,361 股不 参与本次权益分派，因而剔除公司回购专用账户中的股份数量后，公司本次利润分 配的总股本基数为 575,659,882 股。 2、本次权益分派实施按公司总股本（含回购专用证券账户持有股份）折算每 10 股现金分红（含税）=本次实际现金分红总额÷公司总股本（含回购专用证券账户持 有股份）×10 股=20,148,095.87 元÷585,047,243 股×10 股≈0.344384 元（含税，保留到 小数点后六位，最后一位直接截取，不四舍五入）。 3、本次权益分派实施后的除权除息参考价格=股权登记日股票收盘价-按公司总 股本（含回购专用 ...

Company Overview - Jiangsu Pacific Precision Forging Technology Co., Ltd. is located in Jiangyan District, Taizhou, Jiangsu Province, established on December 9, 1992, and listed on August 26, 2011. The company specializes in automotive differential bevel gears, transmission gears, axle components, electronic differential lock gears, synchronizer rings, clutch drive hubs, parking gears, electric motor shafts and assemblies for new energy vehicles, and high-end agricultural machinery gears [1]. Financial Performance - As of June 30, 2025, the company reported a revenue of 987 million yuan, a year-on-year decrease of 2.00%, and a net profit attributable to shareholders of 60.60 million yuan, down 35.23% year-on-year [2]. - The company has distributed a total of 604 million yuan in dividends since its A-share listing, with 181 million yuan distributed over the past three years [3]. Stock Performance - The stock price of Pacific Precision Forging has increased by 77.32% year-to-date, with a recent decline of 1.56% over the last five trading days, an increase of 8.26% over the last 20 days, and a 21.28% increase over the last 60 days [1]. - As of September 26, the stock was trading at 15.73 yuan per share, with a market capitalization of 9.203 billion yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 11.35% to 33,700, with an average of 15,351 circulating shares per shareholder, a decrease of 6.79% [2]. - The second-largest circulating shareholder is Yongying Advanced Manufacturing Smart Selection Mixed Fund A, holding 23.14 million shares, while Qianhai Kaiyuan Jiaxin Mixed Fund A is the ninth-largest, holding 2.43 million shares, both being new shareholders [3]. Industry Classification - The company belongs to the automotive industry, specifically in the automotive parts sector, focusing on chassis and engine systems. It is associated with concepts such as reducers, automotive lightweighting, humanoid robots, automotive parts, and Tesla [2].

证券代码：300258 证券简称：精锻科技 编号：2025-099 江苏太平洋精锻科技股份有限公司 关于 2023 年员工持股计划第二个锁定期届满的提示性公告 二、本员工持股计划第二个锁定期考核情况及后续安排 （一）公司层面业绩考核情况 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。 江苏太平洋精锻科技股份有限公司（以下简称"公司"）于 2023 年 8 月 9 日召 开了第四届董事会第十六次会议和第四届监事会第十二次会议，并于 2023 年 8 月 28 日召开 2023 年第一次临时股东大会，审议通过了《关于<江苏太平洋精锻科技股份 有限公司 2023 年员工持股计划（草案）>及其摘要的议案》等相关议案，同意公司 实施 2023 年员工持股计划（以下简称"本员工持股计划"），同时股东大会授权董事 会办理与本员工持股计划相关的事宜。具体内容详见公司分别于 2023 年 8 月 11 日 和 2023 年 8 月 28 日刊登在中国证监会指定信息披露网站上的相关公告。 公司本员工持股计划所持有的公司股票第二个锁定期已于 2025 年 9 月 21 日届 满， ...

Group 1 - The company, Precision Forging Technology, stated on September 19 that it typically discloses customer information in regular reports [1] - If the company establishes business cooperation with new clients and there are no strict confidentiality agreements, it will disclose relevant information in regular reports [1]

2、本次股东会不涉及变更前次股东会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 （1）现场会议召开时间：2025 年 9 月 16 日（星期四）14:30 证券代码：300258 证券简称：精锻科技 公告编号：2025-098 江苏太平洋精锻科技股份有限公司 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、误导性陈述或重大遗漏。 特别提示： 1、本次股东会不存在否决议案的情形； （2）网络投票时间： 通过深圳证券交易所系统进行网络投票的时间为：2025 年 9 月 16 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的时间为 2025 年 9 月 16 日 9:15 至 15:00 的任意时间。 2、会议召开方式：本次股东会采取现场投票与网络投票相结合的方式 3、现场会议召开地点：江苏省泰州市姜堰区双登大道 198 号公司三楼会议室 4、会议召集人：公司董事会 5、会议主持人：公司董事长夏汉关先生 6、会议召开的合法、合规性：本次会议的召开符合有关法律、行政法规、部 ...