上述募集资金已划至公司募集资金专项账户，天健会计师事务所（特殊普通合伙） 已于2023年9月8日对募集资金的到位情况进行了审验，并出具了天健验〔2023〕484号 《验资报告》。 浙江斯菱汽车轴承股份有限公司 关于注销部分募集资金专项账户的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意浙江斯菱汽车轴承股份有限公司首次公开 发行股票注册的批复》（证监许可〔2023〕1251号）同意，浙江斯菱汽车轴承股份有 限公司（以下简称"公司"）向社会公众公开发行人民币普通股（A股）27,500,000股， 每股发行价格37.56元，募集资金总额为人民币103,290.00万元，扣除发行费用人民币 10,634.71万元（不含税）后，募集资金净额为人民币92,655.29万元。 证券代码：301550 证券简称：斯菱股份 公告编号：2025-019 二、募集资金管理和存放情况 （一）募集资金的管理情况 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权益， 本公司按照《中华人民共和国公司法》《中华 ...

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。 浙江斯菱汽车轴承股份有限公司（以下简称"公司"或"斯菱股份"）2024年年度权 益分派方案已获2025年5月14日召开的2024年年度股东大会审议通过，现将权益分派事 宜公告如下： 一、股东大会审议通过的权益分派方案情况 （一）公司 2024 年度权益分派方案已经 2025 年 5 月 14 日召开的 2024 年年度股 东大会审议通过，具体内容为：以公司现有总股本 110,000,000 股为基数，向全体股东 按每 10 股派发现金股利人民币 4 元（含税），共计派发人民币 44,000,000 元（含税）， 不送红股，同时以资本公积向全体股东每 10 股转增 4.5 股，合计转增股本 49,500,000 股，预计转增后总股本为 159,500,000 股。经上述分配后，剩余未分配利润结转至以后 年度。 证券代码：301550 证券简称：斯菱股份 公告编号：2025-018 浙江斯菱汽车轴承股份有限公司 2024年年度权益分派实施公告 （二）自分配方案披露至实施期间公司股本总额未发生变化。 （三）本次实施的权 ...

证券代码：301550 证券简称：斯菱股份 公告编号：2025-017 浙江斯菱汽车轴承股份有限公司 2024年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： （一）本次股东大会不存在否决议案的情形。 （二）本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）召开时间：2025年5月14日（星期三）14:00 （四）召集人：浙江斯菱汽车轴承股份有限公司董事会 （五）主持人：董事长姜岭 （二）召开地点：浙江省新昌县澄潭街道江东路3号公司三楼会议室 （三）召开方式：本次股东大会采用现场投票与网络投票表决相结合的方式召开 （六）本次会议的召集、召开程序符合《中华人民共和国公司法》《上市公司股 东大会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行政法规、规范 性文件和《浙江斯菱汽车轴承股份有限公司章程》的有关规定。 二、会议出席情况 （一）股东出席的总体情况 参加本次股东大会现场会议和网络投票表决的股东及股东代理人共 106 人，代表 有表决权的股份合计为 42,213,935 股，占浙江斯菱汽车 ...

北京金杜（杭州）律师事务所 关于浙江斯菱汽车轴承股份有限公司 2024 年年度股东大会 之法律意见书 致：浙江斯菱汽车轴承股份有限公司 北京金杜（杭州）律师事务所（以下简称本所）接受浙江斯菱汽车轴承股份 有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委 员会《上市公司股东会规则（2025 年修订）》（以下简称《股东会规则》）等中华 人民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港 特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、 规章和规范性文件和现行有效的《浙江斯菱汽车轴承股份有限公司章程》（以下 简称《公司章程》）有关规定，指派律师出席了公司于 2025 年 5 月 14 日召开的 2024 年年度股东大会（以下简称本次股东大会），并就本次股东大会相关事项出 具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1.经公司 2024 年第四次临时股东大会审议通过的《公司章程》； 2.公司 2025 年 4 月 24 日刊登于巨 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][15]. Core Insights - The company's performance in Q2 shows steady growth, with a revenue of 774 million yuan in 2024, reflecting a year-on-year growth rate of 4.9% [5][3]. - The net profit attributable to the parent company for 2024 is projected to be 190 million yuan, with a year-on-year growth of 26.9% [5][3]. - The company is focusing on expanding its core components business for robotics, having completed the first production line for harmonic reducers [11][10]. Financial Performance Summary - In 2024, the company achieved a revenue of 774 million yuan, with a projected increase to 867 million yuan in 2025 and 977 million yuan in 2026, indicating a compound annual growth rate (CAGR) of 12.8% from 2024 to 2026 [3][13]. - The gross margin for 2024 is reported at 32.5%, with a net margin of 24.5%, showing improvements in profitability [8][3]. - The company’s return on equity (ROE) is expected to rise from 11.0% in 2024 to 12.1% by 2027 [3][13]. Market Position and Growth Potential - The company holds a market share of less than 2% in the global automotive wheel hub unit aftermarket, which has a market size of approximately 53.88 billion yuan [7][3]. - The overseas market is a significant revenue source, contributing 68.4% of total income in 2024, with ongoing investments in production facilities in Thailand to enhance capacity [9][10]. - The company is strategically positioned to benefit from the growing demand for robotic components, with plans to invest in additional production lines for harmonic reducers in 2025 [11][10].

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][15] Core Insights - The company's performance in Q2 shows steady growth, with a revenue of 774 million yuan in 2024, reflecting a year-on-year growth rate of 4.9% [5][3] - The net profit attributable to the parent company for 2024 is projected to be 190 million yuan, with a year-on-year growth of 26.9% [5][3] - The company is focusing on expanding its core components business for robotics, having completed the first production line for harmonic reducers [11][10] Financial Performance Summary - In 2024, the company reported a revenue of 774 million yuan, with a projected increase to 867 million yuan in 2025 and 977 million yuan in 2026 [3][5] - The net profit for 2024 is expected to be 190 million yuan, increasing to 218 million yuan in 2025 and 248 million yuan in 2026 [3][5] - The gross margin for 2024 is 32.5%, with a net margin of 24.5%, showing improvements in profitability [8][3] Growth Potential - The company has a strong presence in the automotive wheel hub bearing aftermarket, with a market share of less than 2% in a market worth approximately 53.88 billion yuan [7][3] - The company is actively expanding its global footprint, with 68.4% of its revenue coming from overseas markets in 2024 [9][10] - The establishment of a robotics components division is expected to create new growth opportunities, with significant investments planned for the harmonic reducer production line [11][10]

Core Insights - The company reported revenue of 770 million yuan for 2024, a year-on-year increase of 4.9%, and a net profit of 190 million yuan, up 26.9% year-on-year [1] - For Q1 2025, the company achieved revenue of 200 million yuan, a year-on-year increase of 19.8%, but a net profit of 50 million yuan, down 1.2% year-on-year [1] Financial Performance - The company's revenue from brake system bearings grew by 7.7% in 2024, accounting for 78.9% of total revenue [2] - The gross margin for 2024 was 32.5%, an increase of 0.4 percentage points year-on-year, while the net margin was 24.5%, up 4.3 percentage points year-on-year [2] - In Q1 2025, the gross margin was 33.1%, a decrease of 0.4 percentage points year-on-year, and the net margin was 23.8%, down 5.0 percentage points year-on-year [3] Global Expansion - The overseas market accounted for 68.4% of the company's revenue in 2024, with significant investments in Thailand to enhance production capacity [4] - The company has established local service capabilities in North America, which is expected to accelerate its global industrial layout [4] Strategic Initiatives - The company has initiated the production of harmonic reducers, a core component for robotics, with the first production line completed by the end of 2024 [5] - A dedicated robotics components division was established in 2024 to oversee the development and layout of robotic core components [5] Profit Forecast - The company is projected to achieve net profits of 220 million yuan, 250 million yuan, and 290 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 68, 60, and 52 times [5]

Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but the report indicates a positive outlook on the company's growth and performance [1]. Core Viewpoints - The company's main business, which focuses on the research, manufacturing, and sales of automotive bearings, is experiencing steady growth. The company expects to gradually release production capacity for high-end automotive bearings in the second half of 2025, which will enhance revenue from high-end intelligent products and improve overall operational capabilities [3]. - The company has implemented multiple measures to mitigate risks associated with its business in the U.S., where approximately 30% of its revenue is exposed. The impact of tariffs is considered limited due to the essential nature of its products in the aftermarket and the FOB model used, which places tariff costs on customers [3]. - The company has completed the production of harmonic reducers and is planning a second production line. The establishment of a dedicated R&D team for harmonic reducers and the expected investment in the second production line in the first half of 2025 are seen as strategic moves to leverage market experience and technological advantages [3]. Summary by Relevant Sections Financial Performance - In Q1 2025, the company achieved revenue of 196 million yuan, representing a year-on-year increase of 19.78% but a quarter-on-quarter decrease of 10.13%. The net profit attributable to shareholders was 46 million yuan, down 1.2% year-on-year and down 12.67% quarter-on-quarter. The non-recurring net profit was 43 million yuan, up 11.09% year-on-year, with a quarter-on-quarter change of approximately -16.97% [1]. - The gross profit margin for the quarter was 33.08%, showing a year-on-year decrease of 0.39 percentage points and a quarter-on-quarter decrease of 0.74 percentage points. The expense ratio was 6.81%, up 3.06 percentage points year-on-year, with specific changes in sales, management, R&D, and financial expense ratios [1]. Business Development - The company’s main products are primarily used in braking systems (78.9% of revenue), power systems (6.6%), and transmission systems (11.7%), with over 6,000 models available to meet diverse customer needs [3]. - The company is preparing for future market demands by investing in its Thailand factory, which has received U.S. customs certification, allowing it to meet a significant portion of North American market orders [3].

Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but the report indicates a positive outlook on the company's growth and performance [1]. Core Viewpoints - The company's main business, which focuses on the research, manufacturing, and sales of automotive bearings, is experiencing steady growth. The company expects to gradually release production capacity for high-end automotive bearings in the second half of 2025, which will enhance revenue from high-end intelligent products and improve overall operational capabilities [3]. - The company has implemented multiple measures to mitigate risks associated with its business in the U.S., where approximately 30% of its revenue is exposed. The impact of tariffs is considered limited due to the essential nature of its products in the aftermarket and the FOB model used, which shifts tariff costs to customers. Additionally, the company is expanding its production capacity in Thailand to meet North American market demands [3]. - The company has completed the production of harmonic reducers and is planning a second production line. The establishment of a dedicated R&D team for harmonic reducers and the expected investment in the second production line in the first half of 2025 are seen as strategic moves to leverage synergies with robotics component manufacturing [3]. Summary by Relevant Sections Financial Performance - In Q1 2025, the company achieved revenue of 196 million yuan, representing a year-on-year increase of 19.78% but a quarter-on-quarter decrease of 10.13%. The net profit attributable to shareholders was 46 million yuan, down 1.2% year-on-year and down 12.67% quarter-on-quarter. The non-recurring net profit was 43 million yuan, up 11.09% year-on-year [1]. - The gross profit margin for the quarter was 33.08%, a decrease of 0.39 percentage points year-on-year and 0.74 percentage points quarter-on-quarter. The expense ratio was 6.81%, an increase of 3.06 percentage points year-on-year [1]. Business Operations - The company’s main products are primarily used in braking systems (78.9% of revenue), power systems (6.6%), and transmission systems (11.7%), with over 6,000 models available to meet diverse customer needs [3]. - The company is expected to enhance its product structure and operational capabilities through the upcoming release of production capacity for high-end automotive bearings [3].

Market Overview - A-shares exhibited mixed performance with the Shanghai Composite Index experiencing slight fluctuations while the ChiNext and STAR Market indices surged [1] - The Shanghai Composite Index closed down 0.23% at 3279.03 points, while the Shenzhen Component Index rose 0.51% to 9899.82 points, and the ChiNext Index increased by 0.83% to 1948.03 points [1] - The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 11,933 billion yuan, an increase of over 1,500 billion yuan compared to the previous day [1] Banking Sector Performance - The banking sector faced significant declines, with Huaxia Bank dropping 8.55%, and other major banks like Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China falling over 3% [2][3] - The first quarter financial results of 42 listed banks showed a total operating income of 1.45 trillion yuan, a year-on-year decrease of 1.72%, and a net profit attributable to shareholders of 563.98 billion yuan, down 1.2% [5] - Huaxia Bank reported a total profit of 6.73 billion yuan for the first quarter, a decline of 15.11% year-on-year, while Xiamen Bank's operating income fell by 18.42% [5] Automotive Industry - The automotive supply chain stocks saw significant gains, with companies like Lingdian Electric Control and Jingjin Electric reaching the daily limit of 20% increase, and others like Slin Group rising over 13% [10] - The Ministry of Industry and Information Technology recently released key points for automotive standardization, emphasizing the need for enhanced standards for intelligent connected vehicles, particularly in driver assistance and autonomous driving [10][12] - The regulatory clarity regarding L2 and L3 levels of autonomous driving is expected to lead to increased resource allocation and investment in the automotive intelligence sector [12] AI Applications - The AI application sector showed strong activity, with stocks like Chuangyi Information and Zhejiang Wenhe rising significantly, and several companies hitting the daily limit [7] - Alibaba's Tongyi Qianwen released a new series of models, showcasing competitive performance against leading models in the industry, indicating a robust development in China's large model industry [8]