Overview - The automotive fluid pipeline industry is a crucial part of the automotive supply chain, with a significant share in the overall value chain, and is experiencing rapid growth due to the expansion of China's automotive market and global procurement [1][13] - The market size of China's automotive fluid pipeline industry is projected to reach 15.863 billion yuan in 2024, representing a year-on-year growth of 15.08%, with over 60% of this market attributed to new energy vehicles [1][13] Market Policies - The Chinese government has issued various policies to support the development of the automotive fluid pipeline industry, creating a favorable policy environment for growth [4][6] Industry Chain - The automotive fluid pipeline industry consists of upstream raw material suppliers (metals, rubber, plastics), midstream production and R&D, and downstream applications in various automotive systems [7][9] - The demand for fluid pipelines is increasing, particularly in the context of new energy vehicles, which require advanced thermal management systems [7][11] Competitive Landscape - The global automotive parts industry has been historically dominated by developed countries, but Chinese companies are increasingly gaining market share through innovation and cost advantages [15][16] - Key players in the Chinese automotive fluid pipeline industry include Su Lian Co., Zhong Ding Co., Ling Yun Co., and Teng Long Co., with Zhong Ding Co. leading in revenue at 18.85 billion yuan in 2024 [17][19] Development Trends - The industry is expected to focus on enhancing material application, structural performance design, and production processes to meet stricter emissions standards and promote lightweight designs [24]

Group 1: Company Overview - The company has a significant history and focuses on automotive parts, particularly in sealing and thermal management components [2] - The company’s revenue has shown substantial growth, increasing from approximately 17 million to over 24 million from 2022 to 2024 [3] Group 2: Financial Performance - The net cash flow from operating activities is negative due to long collection periods from high-growth customers [3] - The company anticipates improvements in net profit by Q4 of this year or the first half of next year through various management measures [3] Group 3: Research and Development - The company has a high R&D investment ratio, attributed to the establishment of a research center in Shanghai in 2021 and ongoing investments in new model components [3] - R&D efforts are expected to enhance revenue growth and maintain a high capacity utilization rate over the next 3-5 years [3] Group 4: Market and Value Management - The company plans to enhance its market value through short, medium, and long-term strategies, including increasing high-margin product sales and expanding production capacity [4] - In the long term, the company aims to explore horizontal development opportunities within the industry, focusing on innovative product offerings and operational improvements [4]

鹏翎股份(300375.SZ)在业绩说明会上表示，公司与 小米汽车有合作，并积极利用自身产业优势参与机 器人供应链。此外，公司2024年对外投资了嘉兴欣景创业投资合伙企业（有限合伙），该合伙企业已投 资 弥富科技。 智能驾驶是未来汽车行业发展的核心趋势之一，公司对此高度关注并积极探寻相关商业 机会。根据公司年报披露，公司已投资的十风智能科技有限公司等硬件创新企业。 ...

证券代码：300375 证券简称：鹏翎股份 天津鹏翎集团股份有限公司投资者关系活动记录表 编号：2025-05-21 | 面与长期发展潜力，秉持理性投资的理念，与公司携手 | | --- | | 共进。再次感谢您的关注与支持，我们将不懈努力，为 | | 股东创造更大的价值。 | | 10.公司有强烈地开拓其它零部件的业务的愿望，通过 | | 双方设立控股公司来试探性的投资，如果能满足公司财 | | 务指标要求，再进行进一步的投资或收购，这是一个不 | | 错的做法，避免前些年因收购汽车密封件对公司多年的 | | 财务拖累，不知道密封件版块对公司还要拖累多久？ | | 答：尊敬的投资者您好！并购的密封件板块，到 2023 | | 年度因毛利率变低等理由，出现了商誉减值计提，一定 | | 程度上影响了公司业绩。2024 年密封件板块经营数据 | | 达标没有计提商誉减值，密封件板块一直在积极开拓市 | | 场客户，近几年的营收也增长较快。感谢您的关注！ | | 11.影响贵公司股票长期表现的可能因素有哪些？股价 | | 为什么长期不动？ | | 答：尊敬的投资者您好，上市公司股票价格的短期波动 | | 受多方面因 ...

南京市鼓楼区集庆门大街 270 号苏宁环球国际中心 43 层 电话：025- 85803866 传真：025- 85803680 邮编：210029 北京国枫（南京）律师事务所 关于天津鹏翎集团股份有限公司 2024 年年度股东大会的 法律意见书 国枫律股字[2025]H0022 号 1．本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员 资格、会议表决程序及表决结果的合法性发表意见，不对本次会议所审议的议案 内容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意见； 1 2．本所律师无法对网络投票过程进行见证，参与本次会议网络投票的股东 资格、网络投票结果均由相应的证券交易所交易系统和互联网投票系统予以认证； 3．本所及经办律师依据《证券法》《证券法律业务管理办法》《证券法律业 务执业规则》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格 履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任； 4．本法律意见书仅供贵公司本次会议 ...

证券代码：300375 证券简称：鹏翎股份 公告编码：2025-021 天津鹏翎集团股份有限公司 2024年年度股东大会决议公告 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、本次股东大会无增加、变更、否决提案的情况； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开的基本情况 天津鹏翎集团股份有限公司（以下简称"公司"或"鹏翎股份"） 2024 年年度股 东大会通知已于 2025 年 4 月 25 日以公告形式发出，具体内容详见当日公司在 中国证监会指定的创业板信息披露网站巨潮资讯网（www.cninfo.com.cn）刊登 的公告。 （一）会议召开情况： 1、现场会议时间：2025 年 5 月 20 日（星期二）下午 14:00 网络投票时间： 通过深圳证券交易所交易系统进行网络投票的日期和时间为 2025 年 5 月 20 日 9:15—9:25，9:30-11:30 和 13:00-15:00。 通过深圳证券交易所互联网投票系统开始投票的日期和时间为 2025 年 5 月 20 日 9:15--15:00 的任意时间 ...

Group 1: Company Overview - The company has ongoing R&D projects related to energy storage, generating a small amount of sales revenue [3] - The company provides liquid cooling fluid pipelines for energy storage enterprises through its subsidiary Hefei Weiling [3] - The company is focusing on electric vehicle thermal management water-side module development and sales through its subsidiary Hualing Zhiyu [4] Group 2: Market Applications and Future Plans - The company has confirmed that its liquid cooling pipelines can meet technical standards for data centers, but there are different technical requirements for sealing components [3] - The company is closely monitoring the humanoid robot industry and will analyze its alignment with strategic plans [3] - The company is considering capital operations such as equity participation and incubation to acquire necessary technological reserves for future strategic development [3] Group 3: Client Engagement and Financial Outlook - Hualing Zhiyu is currently in technical discussions with multiple vehicle manufacturers and suppliers, with some achieving technical alignment [4] - The company anticipates that Hualing Zhiyu may reach breakeven in the next year based on internal forecasts [4] - The technology focus of Hualing Zhiyu's thermal management water-side module differs from that of energy storage and data centers, necessitating further technical validation [4]

近期鹏翎股份（300375）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 鹏翎股份在2025年一季度实现了6.34亿元的营业总收入，同比增长21.7%。然而，归母净利润为2316.76 万元，同比下降26.21%；扣非净利润为2277.23万元，同比下降22.38%。这表明公司在收入增长的同 时，盈利能力有所下降。 盈利能力 现金流与资产负债 每股经营性现金流为-0.01元，同比减少了313.26%，显示出公司在经营活动中的现金流出增加。此外， 应收账款为8.6亿元，同比增加了53.49%，应收账款与利润的比例高达1107.87%，需关注其回收风险。 有息负债为3.27亿元，同比增加了67.80%，表明公司债务负担有所加重。 商业模式与资本回报 公司业绩主要依靠研发、营销及股权融资驱动。过去一年的ROIC为2.51%，资本回报率不强，净利率为 3.17%，表明公司产品或服务的附加值不高。自上市以来，公司累计融资15.88亿元，累计分红3.22亿 元，分红融资比为0.2。 总结 鹏翎股份在2025年一季度虽然实现了营收增长，但利润出现下滑，且现金流状况和应收账款值得关注。 公司需要进一步优化成本 ...

Group 1: Industry Overview - As of April 25, over 180 automotive parts companies in A-shares disclosed their 2024 annual reports, with 60% of companies reporting year-on-year growth in net profit attributable to shareholders, and 13 companies achieving over 100% growth [1] - In 2024, China's automotive production and sales reached 31.28 million and 31.44 million units respectively, marking year-on-year increases of 3.7% and 4.5%, benefiting many automotive parts manufacturers [1] - The automotive parts industry is experiencing both high growth and high pressure, with some companies facing performance declines due to intensified industry competition [2] Group 2: Company Performance - Shuanglin Co., specializing in interior and exterior parts, achieved a revenue of 4.91 billion yuan, a year-on-year increase of 18.64%, and a net profit of 497 million yuan, up 514.49% [1] - Taited Co., a precision bearing manufacturer, reported total revenue of 340 million yuan, a 23.13% increase, and a net profit of 24.95 million yuan, up 216.53% [1] - Xiling Power's automotive parts business saw revenue of 1.75 billion yuan, a 15.38% increase, and a net profit of 50.61 million yuan, turning around from losses [2] - Xinzhi Group reported total revenue of 5.918 billion yuan, a 28.22% increase, but a net profit decline of 91.32% due to competitive pressures [2] - Summer Precision achieved revenue of 666 million yuan, a 26.09% increase, but faced significant margin pressure in its automotive gear segment [3] Group 3: Strategic Shifts - Many automotive parts companies are pivoting towards the humanoid robotics industry as a core strategic direction, leveraging existing technologies and customer relationships to create a "second growth curve" [3][4] - Summer Precision is focusing on the humanoid robotics sector, positioning it as a core growth area, and is accelerating the development of industrial robot gear through IPO funding [3] - Top Group is establishing an electric drive division to capitalize on opportunities in the robotics sector, integrating various resources for rapid development [4] - Companies like Xiling Power and WanTong Intelligent Control are also entering the humanoid robotics field, utilizing their technological advantages in precision processing and sensor technology [5][6] Group 4: R&D and Innovation - Shuanglin Co. has made significant advancements in precision transmission technology, establishing a trial production line for planetary roller screw products, which are critical for humanoid robots [5] - Xinzhi Group's subsidiary is focusing on core components for humanoid robots, having initiated collaborations with leading companies in the field [6] - Summer Precision is increasing investments in precision small gears and reducers to support the rapid development of humanoid robots [6]

2024 年年度财务报告 天津鹏翎集团股份有限公司 2024 年年度财务报告 2025 年 04 月 1 2024 年年度财务报告 财 务 报 告 一、审计报告 | 审计意见类型 | 标准的无保留意见 | | --- | --- | | 审计报告签署日期 | 2025 年 04 月 24 日 | | 审计机构名称 | 信永中和会计师事务所（特殊普通合伙） | | 审计报告文号 | XYZH/2025JNAA4B0035 | | 注册会计师姓名 | 毕强、唐守东 | 审计报告正文 天津鹏翎集团股份有限公司全体股东： 一、审计意见 我们审计了天津鹏翎集团股份有限公司（以下简称鹏翎股份）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、 合并及母公司股东权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了鹏翎 股份 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及母公司经营成果和现金 流量。 二、形成审计意见的基础 我们按照中国注册会计师审计 ...