Core Viewpoint - The company is focusing on developing its flying car business as a second growth curve, leveraging its expertise in the electric vehicle sector to explore opportunities in the low-altitude economy [1] Group 1: Business Development - The company aims to establish a presence in the low-altitude sector, utilizing its integrated product capabilities and technological advantages from the electric vehicle industry [1] - The company's "integrated chip" technology allows for a compact, lightweight, and high-power-density electric propulsion system, which aligns well with the requirements of eVTOL aircraft [1] Group 2: Strategic Partnerships - The company has signed strategic cooperation agreements with leading eVTOL companies such as EHang, Eviation, and Gauss, indicating a strong position in the low-altitude economy [1] - The strategic cooperation with Gauss specifically involves the development of electric motors and controllers for flying cars [1]

Core Viewpoint - The company, Yingboer (300681), announced plans to issue convertible bonds in 2024 to meet the strategic capacity reserve requirements of major clients, aiming to enhance its production capabilities [1] Group 1: Capacity Expansion Plans - In 2025, the company will initiate two significant capacity changes: the launch of the third phase of production to support infrastructure development for the next two to three years [1] - The production line construction will adopt a rolling investment approach based on market order conditions, allowing for flexibility in capacity adjustments [1] Group 2: Automation and Production Efficiency - Once the automated production line is completed, the company expects to replicate capacity within 4 to 6 months to meet customer demands [1]

Core Viewpoint - The company announced progress in its collaboration with EHang Intelligent, highlighting advancements in joint projects and product development [1] Group 1: Joint Ventures and Collaborations - A joint venture company, Yunfu Yinghang, has completed the construction of its new factory, and system and equipment integration testing is currently underway [1] - The EH216-S model has achieved prototype and small batch deliveries, with expectations for certain bulk orders this year [1] Group 2: Product Development - Development of the VT35 new model's electric propulsion system is progressing smoothly, with prototype delivery already achieved [1] - The company is advancing the development of the ET9 model in collaboration with Yiwit, with progress reported as satisfactory [1] - Prototype development with Gaoyu is also reported to be progressing well [1]

Core Viewpoint - The company, Yingboer (300681), is at the forefront of deep integration in power electronics for joint modules, with ongoing product development [1] Group 1: Company Collaboration - The company is collaborating with Fengli Intelligent (301368) to leverage each other's resources, technical expertise, and experience [1] - Fengli Intelligent contributes advantages in harmonic reducers, planetary reducers, and gears, while the company provides strengths in drive systems and motors [1] Group 2: Target Industries - The collaboration aims to empower each other in various fields, including new energy vehicles, joint modules, engineering machinery, eVTOL, and intelligent manufacturing [1]

Core Viewpoint - The company, Yingboer, announced on September 1 that its performance growth in the first half of 2025 will be primarily driven by its top five clients, including major automotive groups such as SAIC, Geely, and Dongfeng [2] Group 1 - The core clients, including SAIC, Geely, and Dongfeng, are expected to significantly contribute to the company's revenue growth [2] - The company has achieved breakthrough growth in its export business, particularly with Southeast Asian electric vehicle clients, indicating a substantial increase in delivery scale [2] - The company is accelerating its penetration into diverse scenarios such as eVTOL and joint modules, which solidifies its multi-dimensional growth foundation [2]

Core Viewpoint - The announcement from Yingboer (300681) highlights the reasons behind the increase in gross margin, emphasizing the importance of customer revenue structure and operational efficiency [1] Group 1: Customer Revenue Structure - The revenue share from the top five customers is gradually increasing, indicating deeper collaboration with key clients, which supports performance stability [1] - The expansion of business scale has led to the emergence of economies of scale in production, effectively diluting unit production costs [1] Group 2: Export Business Growth - There has been significant growth in export business during the first half of the year, with the overall gross margin of export business being higher than that of domestic clients, further boosting the overall gross margin level [1] Group 3: Internal Management and Operational Efficiency - The company is continuously enhancing its internal management system by optimizing business processes, improving resource allocation efficiency, and strengthening supply chain collaboration, which effectively increases overall operational efficiency [1] - Reasonable control of operating costs and improved turnover efficiency have further reduced operational losses, contributing to the growth in gross margin [1] Group 4: Future Outlook - Looking ahead to the second half of the year, the gradual implementation of key annual projects, along with the release of project capacity and improvement in technology conversion efficiency, will continue to enhance product market competitiveness and provide strong support for gross margin improvement, driving overall profitability enhancement [1]

Core Viewpoint - The collaboration between Yingboer and EHang Intelligent is progressing well, with significant developments in joint ventures and product deliveries [1] Group 1: Joint Venture Developments - A joint venture company, Yunfu Yinghang, has completed the construction of its new factory, and system and equipment debugging is currently underway [1] - The EH216-S model has achieved prototype and small batch deliveries, with expectations for certain bulk orders this year [1] Group 2: Product Development Progress - The development of the VT35 new model's electric propulsion system is progressing smoothly, with prototype delivery already achieved [1] - The company is advancing the development of the ET9 model in collaboration with Yiwit, with progress reported as smooth [1] - The prototype development with Gaoyu is also progressing well [1]

Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 1.37 billion CNY, representing a year-on-year growth of 33.75% [2][3] - The growth was primarily driven by the top five customers, including major automotive clients such as SAIC, Geely, and Dongfeng [3][4] - The gross profit margin increased due to a higher revenue share from top clients and significant growth in export business, which has a higher margin than domestic sales [4] Group 2: Operational Efficiency - The improvement in gross margin is attributed to economies of scale and effective cost control measures, enhancing overall operational efficiency [4] - The company is focused on optimizing business processes and resource allocation to further reduce operational costs [4] Group 3: Strategic Partnerships and Product Development - The company has made progress in its collaboration with EHang, including the completion of a new factory and successful delivery of prototype models [5] - Development of the VT35 electric propulsion system is on track, with prototype delivery already achieved [5] - In the joint module sector, the company is advancing in power electronics integration and is collaborating with Fengli Intelligent to leverage each other's strengths [6][7] Group 4: Capacity Expansion - To meet strategic capacity requirements for major clients, the company successfully issued convertible bonds in 2024 for capacity expansion [7] - In 2025, the company plans to initiate the third phase of capacity expansion and implement a rolling investment approach for production lines based on market demand [7]

关于为子公司提供担保的进展公告 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。 专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-075 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 一、担保情况概述 珠海英搏尔电气股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日 召 开的第四届董事会第六次会议和第四届监事会第五次会议，审议通过了《关于为 子公司提供担保额度的议案》，同意公司为子公司提供累计不超过人民币 26,000 万元的担保额度，使用期限自董事会通过之日起 12 个月内有效，在上述累计额 度有效范围内担保金额可滚动使用。具体内容详见公司于 2025 年 4 月 23 日在巨 潮资讯网（www.cninfo.com.cn）披露的公告《关于为子公司提供担保额度的公 告》。 二、担保事项进展情况 近日，公司与兴业银行股份有限公司菏泽分行（以下简称"兴业银行"）签 署了《最高额保证合同》，为全资子公司山东英搏尔电气有限公司（以下简称"山 东英搏尔"）与兴业银行签订的《国内反向保理业 ...

特此公告。 专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-074 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 关于出售全资子公司股权的进展公告 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。 珠海英搏尔电气股份有限公司（以下简称"公司"）于 2025 年 7 月 2 日召 开第四届董事会第九次会议和第四届监事会第八次会议，于 2025 年 7 月 18 日召 开 2025 年第一次临时股东大会，审议通过了《关于出售全资子公司股权的议案》， 为优化公司资产结构，提高资产运营效率，促进公司高质量发展，公司将持有的 珠海鼎元新能源汽车电气研究院有限公司 100%股权转让给珠海芯创精密制造有 限公司（以下简称"芯创精密"），交易作价人民币 23,890.00 万元。具体内容 详见公司在巨潮资讯网（www.cninfo.com.cn）披露的《关于出售全资子公司股 权的公告》《2025 年第一次临时股东大会决议公告》。 截至目前，本次交易正常进行中，公司已收到芯创精密支付的股权转让价款 4,000 万 ...