阜新德尔汽车部件股份有限公司 | 序号 | 重组报告书章节 | 主要修订内容 | | --- | --- | --- | | 1 | 重大事项提示 | 按照重要性进行了重新排序 | | 2 | 第四节 交易标的基本情况 | 更新标的公司重大诉讼、仲裁情况，更新 | | | | 标的公司租赁房屋及建筑物情况 | | | | 补充上市公司控股股东、实际控制人及其 | | 3 | 第五节 发行股份情况 | 控制的关联人不参与认购上市公司本次重 | | | | 组募集配套资金发行的股份的相关说明 | 特此说明。 阜新德尔汽车部件股份有限公司 董事会 2025 年 7 月 17 日 暨关联交易报告书（草案）修订说明 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。 阜新德尔汽车部件股份有限公司（以下简称"上市公司"或"公司"）拟向 上海德迩实业集团有限公司（以下简称"上海德迩"）等交易对方以发行股份等 方式购买其持有的爱卓智能科技（上海）有限公司（以下简称"爱卓科技"或"标 的公司"）100%股权，并拟向不超过 35 名特定投资者发行股份募集配套资金（以 下简称"本次交易 ...

证券代码：300473 证券简称：德尔股份 上市地点：深圳证券交易所 阜新德尔汽车部件股份有限公司 发行股份购买资产并募集配套资金暨关联交易 报告书（草案）摘要（修订稿） | 项目 | 交易对方名称 | | --- | --- | | 发行股份购买资产 | 上海德迩实业集团有限公司 | | 零对价受让资产 | 上海兴百昌企业管理咨询合伙企业（有限合伙） | | 募集配套资金的发行对象 | 不超过 名符合中国证监会规定的特定投资者 35 | 签署日期：二〇二五年七月 投资者在评价本次交易时，除本报告书内容以及与本报告书同时披露的相关 文件外，还应认真考虑本报告书披露的各项风险因素。投资者若对本报告书存在 任何疑问，应咨询自己的股票经纪人、律师、会计师或其它专业顾问。 1 阜新德尔汽车部件股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告书摘要 上市公司声明 本公司及全体董事、监事、高级管理人员保证本报告书及其摘要内容不存在 虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性承担个别 和连带的法律责任。 本公司全体董事、监事、高级管理人员保证本报告书及其摘要所引用的相关 数据的真实性和合理性。 ...

公司于 2025 年 6 月 30 日收到深圳证券交易所出具的《关于阜新德尔汽车部 件股份有限公司发行股份购买资产并募集配套资金申请的审核问询函》（审核函 〔2025〕030005 号）（以下简称"问询函"）。 公司及相关中介机构根据问询函的要求，就相关事项逐项落实、回复，具体 内容详见与本公告同时披露的相关公告。 证券代码：300473 证券简称：德尔股份 公告编号：2025-056 阜新德尔汽车部件股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易的 审核问询函回复的提示性公告 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。 阜新德尔汽车部件股份有限公司（以下简称"公司"）拟向上海德迩实业集 团有限公司等交易对方以发行股份等方式购买其持有的爱卓智能科技（上海）有 限公司 100%股权，并拟向不超过 35 名特定投资者发行股份募集配套资金（以下 简称"本次交易"）。 本次交易尚需深圳证券交易所审核通过以及中国证券监督管理委员会同意 注册后方可实施，能否审核通过、完成注册尚存在不确定性。 公司将根据本次交易的进展情况，按照相关规定及时履行信息披露义务， ...

证券代码：300473 证券简称：德尔股份 上市地点：深圳证券交易所 阜新德尔汽车部件股份有限公司 发行股份购买资产并募集配套资金暨关联交易 报告书（草案）（修订稿） | 项目 | 交易对方名称 | | --- | --- | | 发行股份购买资产 | 上海德迩实业集团有限公司 | | 零对价受让资产 | 上海兴百昌企业管理咨询合伙企业（有限合伙） | | 募集配套资金的发行对象 | 不超过 35 名符合中国证监会规定的特定投资者 | 签署日期：二〇二五年七月 阜新德尔汽车部件股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告书 上市公司声明 本公司及全体董事、监事、高级管理人员保证本报告书及其摘要内容不存在 虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性承担个别 和连带的法律责任。 本公司全体董事、监事、高级管理人员保证本报告书及其摘要所引用的相关 数据的真实性和合理性。 本报告书所述事项并不代表中国证监会、深圳证券交易所对于本次重组相关 事项的实质性判断、确认或批准。本报告书所述本次重组相关事项的生效和完成 尚需有关审批机关的批准或注册。审批机关对于本次交易相关事项所做的任何决 定 ...

Core Viewpoint - The major shareholder, Shanghai Wuxu Asset Management Co., Ltd. - Wuxu Value No. 15 Private Securities Investment Fund, has reduced its stake in Del Shares from 8.18% to 7.96% through block trading, impacting the company's shareholding structure but not affecting its control or governance [1][2]. Summary by Sections Shareholder Reduction - The Wuxu Value No. 15 Fund reduced its holdings by 340,000 shares from 12,351,100 shares to 12,011,100 shares between July 3 and July 7, 2025, representing a decrease of 0.23% of the total share capital [1]. - The reduction in shareholding triggered a change in the percentage that touched the 1% integer threshold, moving from 8.18% to 7.96% [1]. Compliance and Disclosure - The reduction was pre-disclosed in accordance with regulations, and it aligns with previously announced intentions and plans, ensuring that the company's control and governance structure remain unaffected [1][2]. - The fund's reduction plan is still ongoing, with a total planned reduction of up to 3,000,000 shares, which is approximately 1.987% of the total share capital [2]. Legal and Regulatory Compliance - The company confirmed that the reduction does not violate any laws or regulations, including the Securities Law and the Management Measures for the Acquisition of Listed Companies [3].

证券代码：300473 证券简称：德尔股份 公告编号：2025-055 阜新德尔汽车部件股份有限公司 关于持股5%以上股东减持股份触及1%整数倍的公告 1、中国证券登记结算有限责任公司持股变动明细 2、戊戌15号基金出具的《关于减持股份比例触及1%整数倍的告知函》 注：以上所有表格中数据尾差为四舍五入所致。 持股5%以上股东上海戊戌资产管理有限公司-戊戌价值15号私募证券投资基 金保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 阜新德尔汽车部件股份有限公司（以下简称"公司"）近日收到持股 5%以上 股东上海戊戌资产管理有限公司-戊戌价值 15 号私募证券投资基金（以下简称"戊 戌 15 号基金"）出具的《关于减持股份比例触及 1%整数倍的告知函》，戊戌 15 号 基金于 2025 年 7 月 3 日至 2025 年 7 月 7 日通过大宗交易方式减持公司股份 340,000 股，占公司总股本的比例为 0.23%。本次权益变动后，戊戌 15 号基金持 有的股份由 12,351,100 股减少至 12,011, ...

Investment Rating - The report assigns an "Accumulate" rating to the company with a target price of 38.10 CNY [2][6][25] Core Insights - The company is a leading manufacturer of steering pumps and is strategically advancing into the solid-state battery sector, with a robust growth forecast driven by its core business and global expansion [3][12][16] Financial Summary - Revenue projections for 2025-2027 are 49.02 billion CNY, 53.27 billion CNY, and 57.91 billion CNY, reflecting year-on-year growth rates of 8.62%, 8.66%, and 8.71% respectively [5][16] - Net profit (attributable to the parent company) is expected to reach 104 million CNY, 172 million CNY, and 220 million CNY for the years 2025-2027, with growth rates of 220.0%, 65.5%, and 28.0% respectively [5][16] - Earnings per share (EPS) are projected to be 0.69 CNY, 1.14 CNY, and 1.46 CNY for 2025-2027 [5][16] Business Overview - The company has a comprehensive product matrix, including noise reduction (NVH), thermal insulation, lightweight products, electric pumps, and automotive electronics, which positions it well in the automotive parts industry [12][26][33] - The company has established a global sales network that enhances its competitive edge, with partnerships with major automotive manufacturers such as Daimler, BMW, and Ford [12][30] Strategic Initiatives - The company has been investing in solid-state battery technology since 2017, with plans to invest approximately 300 million CNY in a pilot production line by the end of 2025 [12][16][26] - The solid-state battery segment is expected to become a significant growth driver for the company in the future [12][16][26] Market Position - The company has a strong presence in the international market, with 74.21% of its revenue coming from overseas in 2024, largely due to its acquisition of CCI [45][48] - The global market for insulation and noise reduction materials is projected to grow significantly, driven by the increasing demand for electric vehicles [47][50]

Core Viewpoint - The company is a leading manufacturer of steering pumps in China, focusing on solid-state battery technology and diversified product development, with an initial coverage rating of "Buy" [1][2]. Group 1: Investment Highlights - The company is expected to achieve revenues of 4.902 billion, 5.327 billion, and 5.791 billion yuan for the years 2025-2027, reflecting year-on-year growth rates of 8.62%, 8.66%, and 8.71% respectively [2]. - Earnings per share (EPS) are projected to be 0.69, 1.14, and 1.46 yuan for the same years [2]. - The target price for 2026 is set at 38.1 yuan based on comprehensive PE and PB valuation [2]. Group 2: Product and Technology Development - The company has a well-established product matrix and deep technical accumulation in various fields, including noise reduction, thermal insulation, lightweight materials, electric motors, pumps, and automotive electronics [2]. - The focus on electric and intelligent vehicle trends includes the development of battery flame-retardant materials, electromagnetic shielding covers for battery packs, and hydraulic retarders, enhancing the safety and performance of new energy vehicles [2]. Group 3: Globalization and Strategic Initiatives - The company has established a global production, sales, and R&D network covering Europe, North America, and Asia, which enhances its competitive edge and reduces international trade friction [3]. - Long-term stable partnerships with major automotive manufacturers such as Daimler, BMW, Audi, Volkswagen, Ford, General Motors, Stellantis, Porsche, Renault, Nissan, SAIC, Jiangling, Great Wall, and Geely have created a solid customer base [3]. - The company has been investing in solid-state battery technology since 2017, with plans to invest approximately 300 million yuan in a pilot and industrialization project by May 2025, aiming for production capability by the end of 2025 [3].

Group 1 - The company, Fuxin Del Automotive Parts Co., Ltd., has approved a proposal to apply for a comprehensive credit facility from Deutsche Bank (Shanghai Branch) for an amount not exceeding RMB 300 million [1][2] - The purpose of the credit facility is to meet the company's operational and business development needs, expand financing channels, and reduce financing costs [2] - The approved credit facility is not secured by any collateral or third-party guarantees, and the actual financing amount will be determined based on the transactions between the bank and the company within the approved limit [2] Group 2 - The board of directors has authorized the company's legal representative or a designated agent to review, approve, and sign all documents related to the credit facility [2] - The financial department of the company is responsible for handling the subsequent procedures related to the comprehensive credit facility [2]

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。 阜新德尔汽车部件股份有限公司（以下简称"公司"）于 2025 年 6 月 23 日 召开第五届董事会第十一次会议，审议通过了《关于公司向银行申请综合授信额 度的议案》，根据《公司法》《深圳证券交易所创业板股票上市规则》《公司章程》 等相关规定，本次事项在公司董事会审批权限范围内，无需提交公司股东大会审 议。现将相关事项公告如下： 证券代码：300473 证券简称：德尔股份 公告编号：2025-054 阜新德尔汽车部件股份有限公司 关于公司向银行申请综合授信额度的公告 一、申请综合授信额度的情况 特此公告。 阜新德尔汽车部件股份有限公司 董 事 会 2025年6月24日 董事会授权公司法定代表人李毅先生或法定代表人指定的授权代理人代表 公司审核批准并签署上述授信额度内的一切文件，包括但不限于与授信有关的合 同、协议、凭证等各项法律文件。同时，授权公司财务部具体办理上述综合授信 业务后续的相关手续。 二、 备查文件 1、公司第五届董事会第十一次会议决议。 为满足公司生产经营和业务发展需要，拓宽融资渠道，降低融资成本， ...