Company Overview - Xiling Power (SZ 300733, closing price: 18.49 CNY) announced on November 5 that its 27th meeting of the fourth board of directors was held on November 4, 2025, in Chengdu, combining in-person and remote participation [1] - The company has a market capitalization of 5.7 billion CNY as of the report [1] Revenue Composition - For the year 2024, Xiling Power's revenue composition is as follows: automotive engine parts account for 90.11%, aerospace components account for 7.16%, and other segments account for 2.73% [1]

Core Viewpoint - The company Xiling Power plans to acquire 100% equity of Weipai Automotive Electronics (Shanghai) Co., Ltd [1] Group 1 - The acquisition aims to enhance Xiling Power's capabilities in the automotive electronics sector [1] - This strategic move is expected to strengthen the company's market position and expand its product offerings [1] - The deal reflects the growing trend of consolidation in the automotive electronics industry [1]

Core Viewpoint - The company plans to acquire 100% equity of Weipai Automotive Electronics (Shanghai) Co., Ltd. through cash payment to enhance its strategic development and operational capabilities, expand product application range, and improve market competitiveness and profitability [1] Group 1 - The acquisition will result in Weipai becoming a wholly-owned subsidiary of the company [1]

证券代码：300733 证券简称：西菱动力 公告编号：2025-075 成都西菱动力科技股份有限公司 关于签署收购纬湃汽车电子（上海）有限公司股权协议的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 二、交易对方的基本情况 本次交易对手方的实际控制方为德国舍弗勒集团，与公司及公司前十名股东、 董事、高级管理人员不存在关联关系以及其他可能造成公司对其利益倾斜的其他关 系。 三、交易标的基本情况 1. 概况 1. 为满足公司战略发展和经营业务需要，拓展公司产品的应用范围，完善产业 布局，提高公司市场竞争力和盈利水平，成都西菱动力科技股份有限公司（简称"公 司"）拟通过支付现金的方式收购纬湃汽车电子（上海）有限公司（以下简称"纬 湃汽车"或"标的公司"）100%股权（以下简称"本次交易"），本次交易完成后， 标的公司将成为公司的全资子公司。 2. 本次交易事项虽经过公司充分的分析、论证，但公司和标的公司的经营情况 不排除受其他市场变化、行业变化、经营管理、法规政策等不确定因素的影响，投 资回报存在不确定性，提请广大投资者注意相关风险。 一、概况 1 ...

纬湃汽车电子（上海）有限公司 2024 年 1 月至 2025 年 9 月 审计报告 | 索引 | | 页码 | | --- | --- | --- | | 审计报告 | | 1-2 | | 公司财务报表 | | | | — | 资产负债表 | 1-2 | | — | 利润表 | 3 | | — | 现金流量表 | 4 | | — | 所有者权益变动表 | 5-6 | | — | 财务报表附注 | 7-42 | 我们审计了纬湃汽车电子（上海）有限公司（以下简称纬湃汽车公司）财务报表， 包括 2024 年 12 月 31 日、2025 年 9 月 30 日的资产负债表，2024 年度、2025 年 1-9 月 的利润表、现金流量表、所有者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 映了纬湃汽车公司 2024 年 12 月 31 日、2025 年 9 月 30 日的财务状况以及 2024 年度、 2025 年 1-9 月的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准则的规定执行了审计工作。审计报告的"注册会计 师对财务 ...

证券代码：300733 证券简称：西菱动力 公告编号：2025-076 成都西菱动力科技股份有限公司 第四届董事会第二十七次会议决议公告 2. 审议通过了《关于召开 2025 年第五次临时股东会的议案》 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 成都西菱动力科技股份有限公司（简称"公司"）第四届董事会第二十七次会议 于 2025 年 11 月 4 日在成都市青羊区腾飞大道 298 号公司会议室以现场和通讯相结 合的方式召开。本次会议由董事长魏晓林先生召集和主持，会议通知于 2025 年 10 月 30 日以书面方式送达全体董事。会议应到董事 7 人，实到董事 7 人，高级管理人 员列席本次会议。本次会议的召开符合《中华人民共和国公司法》《成都西菱动力科 技股份有限公司章程》及《成都西菱动力科技股份有限公司董事会议事规则》的规 定。 二、董事会会议审议情况 1. 审议通过了《关于收购纬湃汽车电子（上海）有限公司股权的议案》 董事会经审议同意《关于收购纬湃汽车电子（上海）有限公司股权的议案》。 具体内容详见公司 2025 年 11 月 ...

Core Viewpoint - The automotive parts industry in A-shares is experiencing positive growth, driven by the recovery of the global automotive market and the increasing popularity of new energy vehicles, with over 60% of listed companies reporting a year-on-year increase in net profit for the first three quarters of 2025 [1] Group 1: Industry Performance - As of the latest reports, 129 listed companies in the automotive parts sector have disclosed their Q3 results, with 80 companies showing a year-on-year increase in net profit [1] - Companies such as Zhejiang Jingu Co., Ltd. and Fuyao Glass Industry Group Co., Ltd. reported both revenue and net profit growth in the first three quarters of this year, with 8 companies achieving a net profit growth rate exceeding 100% [1] - The demand for new energy vehicles is a key factor driving the positive performance of automotive parts companies, with significant increases in orders and revenue reported by companies like Jiangsu Bojun Industrial Technology Co., Ltd. [2] Group 2: Technological Transformation - The industry's shift towards intelligent transformation is contributing to new growth, as seen in Zhejiang Shibao Co., Ltd., which reported a 35.44% year-on-year increase in revenue, benefiting from trends in electrification and globalization [3] Group 3: Expansion into Robotics - Automotive parts companies are increasingly focusing on emerging fields such as robotics, with several companies entering strategic partnerships to develop robotic components for various applications [4] - Zhejiang Rongtai Electric Equipment Co., Ltd. has made significant investments in humanoid robotics, acquiring stakes in companies to enhance its capabilities in precision transmission and intelligent equipment [4] - The move into robotics is seen as a way to reduce dependence on the automotive sector and mitigate industry cycle risks, while also providing opportunities for growth and transformation [5]

Core Insights - A total of 224 companies released their Q3 2025 financial reports on October 27, with 126 companies reporting year-on-year profit growth and 98 reporting declines [1] - Among these, 86 companies experienced simultaneous growth in both net profit and revenue, while 58 companies saw declines in both metrics [1] - Notably, 30 companies reported a doubling of their performance, with Shen Shen Fang A showing the highest increase in net profit at 2791.57% [1] Summary by Category Net Profit Growth - 126 companies reported a year-on-year increase in net profit, while 98 companies reported a decrease [1] - Shen Shen Fang A had a net profit of 145.12 million yuan, marking a 2791.57% increase [1] - Other notable performers include: - Xian Lei Co. with a net profit increase of 963.10% [1] - Wei Ce Technology with a 226.41% increase [1] Revenue Growth - 126 companies reported revenue growth, while 98 companies reported a decline [1] - Shen Shen Fang A also led in revenue growth with an increase of 331.66%, totaling 898.85 million yuan [1] - Other companies with significant revenue growth include: - Xin Lei Co. with a revenue of 582.74 million yuan, down 11.72% [1] - Wei Ce Technology with a revenue increase of 46.22% [1] Performance Highlights - Companies with notable performance increases include: - Shen Shen Fang A with the highest net profit growth [1] - Xian Lei Co. and Wei Ce Technology also showed significant growth in both net profit and revenue [1] - Conversely, companies like Mei Li Yun and Lian Jian Guang Dian reported substantial declines in revenue, with decreases of 63.03% and 18.73% respectively [1]

Core Insights - Xiling Power (300733.SZ) reported its Q3 2025 results, revealing that as of October 26, 2025, seven institutional investors held a total of 24.3061 million A-shares, accounting for 7.95% of the total share capital, which represents a decrease of 0.50 percentage points compared to the previous quarter [1] Institutional Holdings - The total institutional holding in Xiling Power decreased by 0.50 percentage points from the previous quarter [1] - One public fund, Huaxia Industry Prosperity Mixed A, reduced its holdings by 1.20% compared to the last quarter [1] - A total of 75 public funds did not disclose their holdings this quarter, including notable funds such as Huaxia Vision Growth One-Year Holding Mixed A and E Fund Emerging Growth Mixed [1] Social Security Fund and Insurance Capital - One social security fund, Huaxia Fund Management Co., Ltd. - Social Security Fund 422 Combination, saw a slight decrease in holdings [2] - Two insurance capital entities increased their holdings, including Front Sea Life Insurance Co., Ltd. - Dividend Insurance Product Huatai Combination, with an increase of 1.3% [2] - One new insurance investor disclosed this quarter, Front Sea Life Insurance Co., Ltd. - Proprietary Funds [2]

Core Viewpoint - Xiling Power (300733.SZ) reported a significant increase in both revenue and net profit for the first three quarters of 2024, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.18 billion yuan, representing a year-on-year growth of 13.16% [1] - The net profit attributable to shareholders was 37.1491 million yuan, showing a remarkable year-on-year increase of 417.61% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 31.3338 million yuan, reflecting a year-on-year growth of 290.19% [1] - Basic earnings per share were reported at 0.1223 yuan [1]