财通证券股份有限公司 关于浙江宏鑫科技股份有限公司 2025 年度持续督导培训情况报告 深圳证券交易所： 财通证券股份有限公司（以下简称"财通证券"或"保荐机构"）作为浙江宏 鑫科技股份有限公司（以下简称"宏鑫科技"或"公司"）首次公开发行股票并在 创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 13 号——保荐 业务》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运 作》的相关规定，于 2025年 12月 16日对宏鑫科技进行了持续督导培训，具体情况 如下： 一、本次持续督导培训的基本情况 （一）培训时间及地点 1、培训时间：2025 年 12 月 16 日 2、培训方式：采用现场授课结合远程视频接入的方式 3、现场培训地点：台州市黄岩区江口街道德俭路 75 号宏鑫科技会议室 （二）培训主讲人及培训对象 1、主讲人：财通证券保荐代表人 肖文军 （三）培训内容 培训内容主要为上市公司规范运作、募集资金管理等重点事项解读，结合相关 案例和法律法规等内容，对重点关注事项进行培训。 二、上市公司的配合情况 ...

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Group 1: Company Overview and Operations - Zhejiang Hongxin Technology Co., Ltd. is engaged in the production of aluminum alloy wheels, focusing on innovation and quality management [1][2]. - The company has established long-term stable relationships with major raw material suppliers, ensuring consistent procurement of aluminum bars based on market prices [2][3]. Group 2: Competitive Advantages - The company utilizes forging technology, which is more energy-efficient and environmentally friendly compared to traditional casting methods, providing advantages in weight, strength, and plasticity [3]. - The emphasis on product lightweighting aligns with global automotive trends, reducing fuel consumption and emissions while enhancing vehicle performance [3]. - Continuous technological innovation is a core competitive advantage, addressing increasing consumer demands for performance and aesthetics in automotive wheels [3]. - The company has a strong customer base, supplying to major domestic manufacturers and expanding into international markets, including partnerships with U.S. electric vehicle manufacturers [3]. - A comprehensive quality management system has been implemented, achieving certifications such as IATF16949:2016 and various international product certifications, ensuring high product quality [3]. Group 3: International Expansion - The total investment for the Thailand manufacturing base project is 250 million yuan, with the first phase including forging and wheel processing workshops already in production [4]. - The second phase of the Thailand project is planned to include additional processing facilities and is aimed at high-quality product development [4]. - The company is proactively addressing trade policy impacts by establishing overseas production capabilities, with ongoing audits from international clients [4].

Core Insights - The report highlights a significant growth in electric vehicle (EV) sales across nine European countries in October 2025, with a total of 257,000 new energy vehicles sold, representing a year-on-year increase of 38.7% and a penetration rate of 31.5%, up by 7.7 percentage points [1][2] Summary by Region - **Germany**: In October 2025, BEV sales reached 52,000 units, up 47.7% year-on-year, while PHEV sales were 31,000 units, up 60.0%. Germany plans to restart its EV subsidy program in January 2026, which is expected to support sales [2][3] - **United Kingdom**: BEV sales in October 2025 were 37,000 units, a 23.6% increase year-on-year, and PHEV sales were 18,000 units, up 27.2%. The UK has resumed EV subsidies and is under pressure from ZEV assessment targets, which may lead to continued sales growth [2][3] - **France**: Following the implementation of the social leasing plan on September 30, 2025, BEV sales surged to 34,000 units in October, marking a 63.2% year-on-year increase and achieving a record penetration rate of 24.4% [3] - **Italy**: In October 2025, BEV sales were 6,000 units, up 25.1%, while PHEV sales reached 10,000 units, a significant increase of 128.6%. The EV subsidy in Italy was officially launched on October 22, which is expected to boost future sales [3] - **Spain**: Spain saw BEV sales of 9,000 units in October 2025, a remarkable increase of 90.1%, and PHEV sales of 13,000 units, up 145.6%. The country has experienced rapid growth in EV sales since the beginning of 2025 [3] Investment Recommendations - The report suggests investment opportunities in lithium batteries, lithium materials, battery structural components, power/electric drive systems, automotive safety components, and charging infrastructure, with specific companies recommended for each category [4]

Core Viewpoint - The company, Hongxin Technology (SZ301539), primarily focuses on the research, design, manufacturing, and sales of forged aluminum alloy wheels for automobiles, including wheels for commercial and passenger vehicles [1]. Company Overview - The main business of the company is the development and production of forged aluminum alloy wheels for the automotive industry [1]. - The company's key products include wheels for both commercial vehicles and passenger vehicles [1]. Industry Context - The inquiry about the company's involvement in the humanoid robot sector indicates a growing interest in the potential applications of advanced materials and technologies in various industries, including robotics [1].

Core Viewpoint - The company is actively enhancing production efficiency through the implementation of artificial intelligence and automation technologies [1] Group 1: Automation and Information Technology - The company places high importance on the construction of automated and information-based factories [1] - New automated and information-based production lines are being established while existing lines are undergoing automation upgrades [1] - A smart operation system is being built, centered around MES systems for data collection, full-process product traceability, and automated production line management [1] Group 2: Production Efficiency and Quality - The implementation of these technologies has effectively improved production efficiency and product quality [1] - The company is continuously exploring additional application scenarios to further promote the development of intelligent production [1]

Core Viewpoint - The rapid growth of the new energy vehicle (NEV) market is driving the demand for aluminum alloy components in the automotive industry, leading to significant market expansion in China's aluminum alloy automotive parts sector, projected to reach 697.84 billion yuan in 2024, a year-on-year increase of 22.46% [1][8]. Market Overview - Aluminum alloy automotive parts are defined as components made from aluminum-based alloys, which are processed through various methods to achieve lightweight, high strength, corrosion resistance, and recyclability, contributing to vehicle weight reduction and energy efficiency [2]. - The application of aluminum alloy parts spans the entire vehicle, categorized into powertrain, chassis, body, electronic systems, and decorative components [2]. Market Policies - The Chinese government has implemented various policies to support the development of the automotive parts industry, including initiatives aimed at enhancing manufacturing reliability and promoting high-quality development in the NEV sector [2]. Industry Chain - The aluminum alloy automotive parts industry consists of upstream suppliers of aluminum materials and production equipment, midstream manufacturers of aluminum parts, and downstream automotive manufacturers and aftermarket services [4]. Market Growth - China's automotive market has seen substantial growth, with production and sales reaching 21.05 million and 21.12 million vehicles respectively from January to August 2025, marking a year-on-year increase of 12.7% and 12.6% [6]. Competitive Landscape - The aluminum alloy automotive parts market in China is characterized by a large number of companies, leading to a fragmented market structure. Key players include He Sheng Co., Ltd., Xusheng Group, and Wan Feng Ao Wei, among others [9][10]. - In 2024, Lichung Group led the industry with a revenue of 27.25 billion yuan, followed by Top Group and Minshi Group with revenues of 26.6 billion yuan and 23.15 billion yuan respectively [10]. Company Analysis - Lichung Group specializes in lightweight aluminum alloy products and has a complete industrial chain, with 54.5% of its revenue coming from casting aluminum alloys [11]. - Wan Feng Ao Wei focuses on lightweight metal components, achieving 80.81% of its revenue from automotive lightweight parts, totaling 6.056 billion yuan in the first half of 2025 [11]. Development Trends - The industry is expected to adopt smart factory and digital twin technologies, enhancing production efficiency and quality control. The use of recycled aluminum is anticipated to rise, aligning with sustainability goals and reducing production costs [12].

Core Viewpoint - The company, Zhejiang Hongxin Technology Co., Ltd., has released its third-quarter report for 2025, ensuring the accuracy and completeness of the disclosed information, with no false records or significant omissions [1][2][9]. Financial Data - The third-quarter financial report has not been audited [3][7]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for this quarter [3]. Shareholder Information - The company confirms that there are no changes in the top ten shareholders or any significant changes in shareholding due to securities lending activities [5]. - The resignation of non-independent director Bai Qiang has been noted, with his shareholding at 11,647,104 shares, accounting for 7.87% of the total share capital [18][19]. Board Meeting - The second board meeting was held on October 24, 2025, with all seven directors present, and the resolutions made were deemed legal and effective [8]. - The board approved the election of Wang Wujie as a representative director and member of the strategic committee [11][15]. Other Important Matters - The company has confirmed that the financial report reflects a fair and comprehensive view of its financial status and operational results [9]. - Wang Wujie has been elected as the employee representative director, with his term lasting until the end of the current board's term [19][20].

Core Insights - Hongxin Technology (301539.SZ) reported a revenue of 768 million yuan for the first three quarters of 2025, representing a year-on-year growth of 4.08% [1] - The net profit attributable to shareholders of the listed company was 43.6131 million yuan, showing a year-on-year increase of 33.66% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 40.8259 million yuan, reflecting a year-on-year growth of 13.94% [1] - The basic earnings per share stood at 0.29 yuan [1]

Core Viewpoint - Hongxin Technology (301539.SZ) reported a slight decline in revenue for Q3 2025, while net profit showed a positive growth trend [1] Financial Performance - Revenue for Q3 2025 was 267 million yuan, representing a year-on-year decrease of 0.39% [1] - Net profit attributable to shareholders was 15.29 million yuan, reflecting a year-on-year increase of 4.70% [1] - Net profit excluding non-recurring gains and losses was 16.12 million yuan, marking a year-on-year increase of 19.52% [1]