Core Viewpoint - Hengbo Co., Ltd. reported that as of October 20, 2025, the number of shareholders is 7,387 [2] Company Summary - Hengbo Co., Ltd. engaged with investors on an interactive platform, providing updates on shareholder numbers [2] - The company is actively communicating with its investors, indicating a focus on transparency and shareholder engagement [2]

Market Overview - The automotive parts sector increased by 1.54% on October 21, with Shentong Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Top Gainers in Automotive Parts Sector - Shentong Technology (605228) closed at 18.82, up 9.99% with a trading volume of 280,000 shares and a transaction value of 511 million [1] - Bohai Automobile (600960) closed at 6.07, up 9.96% with a trading volume of 618,600 shares and a transaction value of 365 million [1] - Shenda Co. (600626) closed at 5.31, up 9.94% with a trading volume of 408,100 shares and a transaction value of 211 million [1] - Hengbo Co. (301225) closed at 92.13, up 8.85% with a trading volume of 27,300 shares and a transaction value of 245 million [1] - Biaobang Co. (301181) closed at 40.12, up 8.43% with a trading volume of 87,500 shares and a transaction value of 337 million [1] Market Capital Flow - The automotive parts sector saw a net inflow of 1.371 billion in main funds, while retail funds experienced a net outflow of 669 million and 703 million respectively [2] - The overall trend indicates a strong interest from institutional investors compared to retail investors [2] Individual Stock Fund Flow - Top fund inflow for Top Group (601689) was 592 million, with a net outflow from retail investors of 426 million [3] - Junsheng Electronics (600699) had a net inflow of 405 million from main funds, while retail investors saw a net outflow of 519 million [3] - New Spring Co. (603179) recorded a net inflow of 154 million from main funds, with retail investors experiencing a net outflow of 113 million [3]

Core Points - Hengbo Co., Ltd. announced the establishment of a joint venture, Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd., in collaboration with Anhui Kaizheng Venture Capital Partnership [1] - The registered capital of the joint venture is RMB 20 million, with Hengbo contributing RMB 10.2 million (51%) and Kaizheng contributing RMB 9.8 million (49%) [1] - The joint venture plans to acquire 100% equity of Anhui Kaizheng Automotive Electronics Co., Ltd. from existing shareholders [1] Summary by Sections - **Joint Venture Formation** - Hengbo Co., Ltd. and Anhui Kaizheng Venture Capital Partnership will establish Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd. to engage in the R&D, production, and sales of automotive interior components [1] - **Financial Contributions** - The registered capital of Jiangsu Hengbo Kaizheng is RMB 20 million, with Hengbo's investment of RMB 10.2 million representing a 51% stake, while Kaizheng's investment of RMB 9.8 million represents a 49% stake [1] - **Acquisition Plans** - Following the establishment of the joint venture, it intends to acquire 100% equity of Anhui Kaizheng Automotive Electronics Co., Ltd. from current shareholders, with the necessary business registration changes already completed [1]

证券代码：301225 证券简称：恒勃股份 公告编号：2025-058 恒勃控股股份有限公司 关于对外投资进展暨完成工商变更登记的公告 1、名称：安徽凯正汽车电子有限公司 2、统一社会信用代码：91340207MA2WCXQG1R 3、住所：中国（安徽）自由贸易试验区芜湖片区龙腾路 59 号 2#厂房（一 照多址企业） 4、法定代表人：石恩奇 5、注册资本：2,000 万元人民币 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。 一、对外投资概述 恒勃控股股份有限公司（以下简称"公司"或"恒勃股份"）于 2025 年 9 月 5 日召开了第四届董事会第十二次会议和第四届监事会第十二次会议，分别 审议通过了《关于对外投资设立合资公司并购买股权的议案》，同意公司与安 徽凯正创业投资合伙企业（有限合伙）（以下简称"凯正合伙"）在江苏省溧 阳市合资设立江苏恒勃凯正汽车电子有限公司（以下简称"江苏恒勃凯 正"），开展汽车内饰件的研发、生产及销售业务。江苏恒勃凯正注册资本为 人民币 2,000.00 万元，其中恒勃股份以自有资金认缴出资人民币 1,020.00 万 元，占江 ...

Core Viewpoint - Hengbo Co., Ltd. (301225.SZ) experienced a significant stock price drop of 7.88%, reaching a new low of 80 yuan since September 8, indicating market concerns regarding shareholder sell-offs [1] Shareholder Actions - Shareholder Taizhou Qihong Enterprise Management Consulting Partnership plans to reduce its holdings by up to 146,300 shares, representing 0.14% of total shares, within three months starting from 15 trading days after the announcement [1] - Shareholder Hainan Mingxu Enterprise Management Partnership intends to sell up to 3,053,900 shares, which accounts for 3% of its total holdings [1]

Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics and investor sentiment in the market [1] Shareholder Reductions - Luzhou Chemical plans to reduce its stake by no more than 1% [1] - New Agricultural Co. director and vice president Zhang Jianrong intends to reduce his holdings by no more than 570,000 shares [1] - Jingquanhua's shareholder Yuan Zhifuhai aims to reduce his stake by 2% [1] - Hengbo shares' shareholder Hainan Mingxu plans to reduce by no more than 3% [1] - Weining Health's senior executive Jin Mao intends to reduce by no more than 1.88 million shares [1] - Sun Cable's shareholder Yili Group plans to reduce by no more than 3% [1] - Zhongjing Technology's Xu Yijun has cumulatively reduced his stake by 1.99% [1] - Tengye Precision's actual controller's concerted action party plans to reduce by 2.99% [1] - Bowen Technology's Shanghai Depeng has reduced its stake by 0.58% [1] - Gaoling Information's Zixiao Investment has reduced its holdings by 663,000 shares [1] - Yuntian Lifa's shareholders Donghai Yuntian and Donghai No.1 have collectively reduced their stakes by 3.1702 million shares [1] - Nobon Co.'s shareholders Jin Nuo Chuang and Ren Jian have completed a reduction of 1.557 million shares [1] - Guangdong Mingzhu's shareholder Mingqiao Stable Selection No.2 private equity fund has reduced its stake by 1.17% [1] Other Notable Events - Hesheng New Materials' director Wu Haifeng is under investigation by public security for suspected illegal loan issuance [1] - Zitian Tui's stock has been delisted and removed from trading [1]

Core Viewpoint - Hengbo Co., Ltd. (301225.SZ) announced that shareholders Qi Hong Investment and Hainan Mingxu plan to reduce their stakes in the company through centralized bidding or block trading within three months after the announcement of the reduction plan [1] Shareholder Reduction Plans - Qi Hong Investment intends to reduce its holdings by up to 146,342 shares, accounting for 0.14% of the company's total share capital excluding repurchased shares [1] - Hainan Mingxu plans to reduce its holdings by up to 3,053,938 shares, representing 3.00% of the company's total share capital excluding repurchased shares [1]

Group 1 - The core viewpoint of the news highlights the recent shareholding changes among various companies, with specific focus on both increases and decreases in shareholdings by major stakeholders [1][3] Group 2 - Shanghai Pudong Development Bank has seen an increase in shareholding by China Mobile, raising its stake to 18.18% [3] - Lu Yin Investment's controlling shareholder plans to increase its stake by 40 million to 80 million yuan [3] - Hainan Huate's controlling shareholder plans to increase its stake by 100 million to 200 million yuan within six months [3] Group 3 - Several companies have disclosed plans for share reductions, including Hengbo Co., Ltd., which plans to reduce up to 3.14% of its shares [3] - Tianji Co., Ltd. had a controlling shareholder initially planning to reduce up to 14.75 million shares [3] - Tengya Precision plans to reduce up to 3% of its shares by one of its actual controllers [3] - Sun Cable's shareholder, Yili Group, plans to reduce up to 3% of its shares [3] - Daymoon Ming's directors plan to reduce their shareholdings [3] - Guangdong Mingzhu has seen a recent reduction of 1.17% of its total share capital by shareholders [3] - Yongding Co., Ltd. has a controlling shareholder planning to reduce 3% of its shares [3] - Yunda Lifelike has seen a total reduction of 3.17 million shares recently [3] - Yingli Automotive's controlling shareholder has cumulatively reduced 47.57 million shares from July 18 to October 10 [3]

Core Viewpoint - The company announced that its shareholder, Taizhou Qihong Enterprise Management Consulting Partnership (Limited Partnership), plans to reduce its stake by no more than 0.14%, while Hainan Mingxu Enterprise Management Partnership (Limited Partnership) intends to reduce its stake by no more than 3.00% due to personal funding needs [1] Summary by Categories - **Shareholder Actions** - Taizhou Qihong plans to reduce its holdings by up to 0.14% [1] - Hainan Mingxu plans to reduce its holdings by up to 3.00% [1] - **Reasons for Reduction** - The reductions are attributed to the shareholders' personal funding needs [1] - **Reduction Methods and Timeline** - The reduction methods include centralized bidding or block trading [1] - The reduction period is set for three months starting from 15 trading days after the announcement date [1]

Group 1 - The core point of the news is that two shareholders of Hengbo Co., Ltd. plan to reduce their holdings in the company, with specific details on the number of shares and the methods of reduction [1] - Shareholder Taizhou Qihong Enterprise Management Consulting Partnership intends to reduce its holdings by up to 150,000 shares, accounting for 0.14% of the total share capital excluding repurchased shares [1] - Shareholder Hainan Mingxu Enterprise Management Partnership plans to reduce its holdings by up to 3.05 million shares, representing 3% of the total share capital excluding repurchased shares [1] Group 2 - As of the latest report, Hengbo Co., Ltd. has a market capitalization of 9 billion yuan [3] - For the year 2024, the revenue composition of Hengbo Co., Ltd. is 96.86% from manufacturing and 3.14% from other businesses [2]