编号：2025-011 投资者关系活 动类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑ 现场参观 □ 参与单位名称 及人员姓名 中信建投-许雅静，山东国惠基金-曹楠楠、毕瑞泽。 时间 2025 年 9 月 2 日 15:30-17:00 地点 会议室 上市公司接待 人员姓名 总会计师兼董事会秘书：夏秀国 董事会办公室副主任：卢小凡 证券事务代表：奚佩佩 投资者关系活 动主要内容介 绍 本次交流活动采用现场交流方式举行，活动不涉及应披露的重 大信息，与投资者交流情况如下： 1．请问集团对公司的考核指标主要是什么？像利润这些 考核指标是基于增速还是规模？ 答：集团对公司的考核指标主要涵盖功能定位、经济效益、 科技创新及市值管理等；经济效益类中的利润总额、经济增加 值等以"绝对数"考核为主，同时在股权激励计划中对利润总 额增速设有明确目标，形成"规模+增速"的双轨约束。 2．中汽中心与公司是如何展开合作的？中汽中心占公司 收入的比重是多少？ 答：（1）中汽中心及其下属的企业，基于其自身的检测机 构业务资质及技术服务能力，接受整车生产企业、零部件企业、 轮胎企业等客户的委 ...

Group 1 - The company, Zhongqi Co., stated that as of August 29, 2025, the number of shareholders is 26,958 [2]

Market Overview - The automotive service sector experienced a slight decline of 0.08% on September 1, with Altec leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Shanghai Wumao (600822) saw a closing price of 12.19, with a gain of 3.13% and a trading volume of 144,800 shares, amounting to a transaction value of 174 million yuan [1] - Xiamen Xinda (000701) closed at 6.05, up 2.89%, with a trading volume of 216,100 shares and a transaction value of 130 million yuan [1] - Altec (300825) closed at 11.72, down 1.68%, with a trading volume of 235,000 shares and a transaction value of 278 million yuan [2] Capital Flow - The automotive service sector saw a net outflow of 3.67 million yuan from institutional investors, while retail investors experienced a net outflow of 2.79 million yuan [2] - Speculative funds recorded a net inflow of 6.46 million yuan [2] Individual Stock Capital Flow - Shanghai Wumao (600822) had a net inflow of 20.93 million yuan from institutional investors, while retail investors saw a net outflow of 11.21 million yuan [3] - Altec (300825) experienced a significant net outflow of 33.47 million yuan from institutional investors, but a net inflow of 32.19 million yuan from retail investors [3] - China Automotive Research (601965) had a net outflow of 13.23 million yuan from institutional investors, with a net inflow of 2.80 million yuan from retail investors [3]

Meeting Details - The company will hold its 2025 third extraordinary general meeting of shareholders on September 16, 2025, at 15:00 [1][2] - Shareholders can participate through on-site voting or online voting via the Shenzhen Stock Exchange systems [2][4] - The online voting will be available from 9:15 to 15:00 on the same day, with specific time slots for trading system voting [1][2] Voting Rights and Procedures - All shareholders registered by the close of business on September 10, 2025, are entitled to attend and vote [2][3] - The meeting will include separate counting of votes for small investors, defined as those not holding more than 5% of the company's shares [3][4] - Shareholders must choose between on-site and online voting, with the first valid vote counted in case of duplicate submissions [2][3] Agenda Items - The meeting will discuss two main proposals: 1. Acquisition of 100% equity in China Automotive Research Inspection Center (Hulunbuir) Co., Ltd. and related transactions [3][10] 2. Changes to registered capital, adjustments to corporate governance structure, and amendments to the Articles of Association [3][10] - Certain proposals require a two-thirds majority of the voting rights present at the meeting for approval [3][4] Registration and Attendance - Registration procedures for both corporate and individual shareholders are outlined, requiring specific documentation [4][5] - Shareholders can register via mail or email, but phone registrations are not accepted [5][11] - Attendees must arrive at least 30 minutes before the meeting for registration [5]

证券代码：301215 证券简称：中汽股份 公告编号：2025-061 中汽研汽车试验场股份有限公司 关于召开公司 2025 年第三次临时股东会的通知 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。 中汽研汽车试验场股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开 第二届董事会第二十三次会议，审议通过了《关于择期召开公司 2025 年第三次临时 股东会的议案》，公司决定于 2025 年 9 月 16 日（星期二）下午 15:00 召开公司 2025 年第三次临时股东会，现将本次股东会的有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会。 2、股东会的召集人：公司董事会。 3、会议召开的合法、合规性：本次股东会的召集和召开符合《中华人民共和国 公司法》《上市公司股东会规则》等法律、行政法规、部门规章、规范性文件及《公 司章程》《股东会议事规则》的有关规定。 4、会议召开的日期、时间： （2）网络投票时间：2025 年 9 月 16 日（星期二）； 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 ...

Group 1 - The company reported that its second-phase intelligent connected vehicle testing facility in the Yangtze River Delta (Yancheng) generated approximately 26 million yuan in revenue during the first half of the year, achieving a near break-even point [2]

Market Overview - The automotive service sector experienced a decline of 1.04% on August 29, with Altec leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Notable stock performances in the automotive service sector included: - Jiao Yun Co. (600676) closed at 6.03, up 2.20% with a trading volume of 188,400 shares [1] - Bei Ba Media (600386) closed at 4.66, up 0.87% with a trading volume of 166,400 shares [1] - Altec (300825) closed at 11.92, down 5.25% with a trading volume of 401,700 shares and a transaction value of 484 million [2] - Hao Wu Co. (000757) closed at 4.84, down 3.20% with a trading volume of 285,100 shares and a transaction value of 139 million [2] Capital Flow - The automotive service sector saw a net outflow of 47.97 million from institutional investors, while retail investors had a net inflow of 62.15 million [2] - The detailed capital flow for specific stocks showed: - Guo Ji Auto (600335) had a net inflow of 11.55 million from institutional investors [3] - Altec (300825) experienced a net outflow of 20.99 million from institutional investors [3] - Xiamen Xinda (000701) had a significant net outflow of 18.85 million from institutional investors [3]

Core Viewpoint - The company has experienced over 20% revenue growth this year, driven by the transition from voluntary to mandatory compliance testing in the intelligent connected vehicle sector, accelerated transformation in the automotive industry towards intelligence and electrification, and significant customer expansion efforts [1][2]. Business Drivers and Performance - The company reported a revenue of approximately 71.34 million yuan and a net profit of 15.27 million yuan for the first four months of 2025, with a return on equity of 15.08% [2]. - The second phase project has generated around 26 million yuan in revenue in the first half of the year, achieving near breakeven [2]. Industry Trends and Company Positioning - The company is prepared for the upcoming mandatory standards for L3 and L4 autonomous driving, having established a testing environment at its intelligent connected vehicle testing site in the Yangtze River Delta [3]. - The company is involved in the formulation of various international and national automotive standards and has extended its business boundaries through the acquisition of the China Automotive Research and Testing Center [3]. Capacity and Overseas Expansion - The company is optimizing its first-phase testing facility's capacity utilization and is in the ramp-up phase for the second phase [4]. - The company is exploring the feasibility of overseas expansion as part of its 14th Five-Year Plan [5]. Emerging Fields and Accounts Receivable Management - The company is developing testing technologies for flying cars and has established a road testing scenario and flight supervision platform, although this area currently has a minimal impact on revenue [6]. - The company's accounts receivable management is healthy, with low collection risks, and it is working on optimizing management to improve collection efficiency [6].

Group 1: Revenue Growth and Drivers - The company achieved a revenue of approximately 213 million CNY in the first half of 2025, representing a 24% increase compared to the previous year [3] - Key drivers for revenue growth include: - Policy promotion leading to a shift from voluntary to mandatory compliance testing for intelligent connected vehicles [3] - Increased demand from the automotive industry as manufacturers accelerate their transition to smart and electric vehicles [3] - Capacity release and customer breakthroughs following the operational launch of new testing facilities [3] Group 2: Project Contributions and Capacity Utilization - The second phase project contributed approximately 26 million CNY in revenue in the first half of the year, achieving near breakeven [4] - The project is in a cultivation period where demand drives capacity release, with increasing certainty of future growth as standards advance [4] - The company’s first-phase testing facility has potential for improved capacity utilization, while the second phase is still ramping up [10] Group 3: Profitability and Financial Performance - The Extreme Testing Center reported a net profit of 15.27 million CNY in the first four months of 2025, double that of the entire previous year [4] - The net asset return rate for the Extreme Testing Center was 15.08% [4] - The company’s accounts receivable management is healthy, with risks considered low due to the nature of the business model and customer quality [13] Group 4: Market Trends and Strategic Positioning - Manufacturers are increasingly focusing on extreme environment testing due to market competition and consumer demand for reliable performance in various conditions [6] - The company plays a significant role in the formulation of automotive industry standards, participating in multiple standard-setting committees [8] - The company is exploring opportunities for expansion in regions outside East China, assessing potential partnerships and acquisition strategies [9] Group 5: Future Outlook and Innovations - The company is actively researching the feasibility of overseas testing facilities to support domestic manufacturers' global expansion [11] - Investments are being made in low-altitude economy testing capabilities, including the establishment of a low-altitude flight monitoring platform [12] - The company is monitoring industry policies that may enhance accounts receivable turnover and cash flow stability [13]

Group 1 - The core viewpoint of the article highlights significant target price increases for certain companies, with Qiaofeng Intelligent leading at a 69.90% increase, followed by Nanjing E-commerce at 62.60% and Beimo Gaoke at 62.40% [1] - On August 27, a total of 307 listed companies received broker recommendations, with China Ping An receiving the highest number at 8 recommendations, followed by Qingdao Beer and Proya, each with 7 recommendations [1] - Two companies had their ratings upgraded on August 27, including Zhongyou Securities upgrading Zhongqi Co., Ltd. from "Hold" to "Buy" and Caitong Securities upgrading Xiaogoods City from "Hold" to "Buy" [1] Group 2 - One company had its rating downgraded on August 27, with Zhongyou Securities lowering the rating for Dongxin Co., Ltd. from "Buy" to "Hold" [1] - Six companies received initial coverage on August 27, with Changcheng Securities, Baofeng Energy, and Changrun Co., Ltd. receiving "Hold," "Buy," and "Buy" ratings respectively, while Zhongxin Haizhi received a "Cautious Recommendation" from Minsheng Securities, and Nanjiguang received a "Hold" rating from Guoyuan Securities [1]