关于本次交易符合《创业板上市公司持续监管办法（试行）》 第十八条和《深圳证券交易所上市公司重大资产重组审核规 则》第八条规定的说明 1 洲和北美的 OEM 市场占据领先地位，并在售后市场保持稳定份额。 浙江美力科技股份有限公司 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。 浙江美力科技股份有限公司（以下简称"上市公司"或"公司"）拟通过全 资孙公司 Meili Holding GmbH 以现金方式收购 Hitched Holdings 2 B.V.持有的 Hitched Holdings 3 B.V.（以下简称"标的公司"）100%股权（以下简称"本次 交易"）。本次交易预计构成上市公司重大资产重组。 证券代码：300611 证券简称：美力科技 公告编号：2025-054 公司董事会对本次交易是否符合《创业板上市公司持续监管办法（试行）》 （以下简称"《持续监管办法》"）第十八条和《深圳证券交易所上市公司重大 资产重组审核规则》（以下简称"《重组审核规则》"）第八条的规定进行了审 慎分析，认为本次交易符合《持续监管办法》第十八条和《重组审核规则》第八 条规定 ...

Market Performance - The three major A-share indices rose, with the Shanghai Composite Index increasing by 0.71%, reaching a new high in over a decade, while the Shenzhen Component Index rose by 2.02% and the ChiNext Index by 3.57% [1] - The total market turnover was 1.9916 trillion yuan, an increase of 330.9 billion yuan compared to the previous trading day, with over 3,000 stocks rising [1] - For the week, the Shanghai Composite Index increased by 2.88%, the Shenzhen Component Index by 4.73%, and the ChiNext Index by 8.05% [1] Sector Highlights - The storage chip, components, semiconductor, and CPO (Co-Packaged Optics) sectors saw significant gains, with companies like Kexiang Co., Shengyi Technology, and Purun Co. hitting the 20% daily limit [3] - The humanoid robot sector was notably active, with leading stock Jinfu Technology experiencing a sharp rise to the 20% limit after initially declining [3] Company Developments - Jinfu Technology announced on the Shenzhen Stock Exchange's interactive platform that its subsidiary received an order for a humanoid robot manufacturing line from a well-known domestic robot manufacturer, marking a significant step in the company's robotics business [5] - The company also signed a cooperation agreement with Shanghai University General Intelligent Robot Research Institute and Shanghai Hansi Information Technology Co., focusing on industry application solutions for intelligent robots [5] - Jinfu Technology's semi-annual report indicated a strong foundation in consumer electronic components, LCD display modules, and high-end electronic testing equipment [5] Industry Trends - The humanoid robot sector is experiencing rapid developments, with the launch of the Bumi robot priced at 9,998 yuan aimed at the consumer market, achieving over 300 pre-orders within hours [8][9] - Recent financing activities in the robotics sector have surged, with 610 new financing events recorded in the first three quarters of 2023, doubling from the previous year, and total financing reaching approximately 50 billion yuan [10] - The report from CITIC Securities highlights a flourishing domestic robot industry with various solutions emerging in components like dexterous hands and sensors, indicating a positive outlook for the sector [10] Other Sector Movements - The controllable nuclear fusion sector saw a strong performance, with China Nuclear Engineering hitting the daily limit and closing up 7%, surpassing a market capitalization of 40 billion yuan [11][12] - CITIC Securities' report suggests a long-term growth trend for the controllable nuclear fusion industry, supported by increasing policy clarity and enhanced financing [12]

Core Insights - The automotive parts sector experienced a rise of 1.54% on October 24, with Meili Technology leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Automotive Parts Sector Performance - Meili Technology (300611) closed at 35.18, with a significant increase of 10.77% and a trading volume of 304,900 shares [1] - Other notable gainers included: - Qingdao Double Star (000599) at 6.33, up 10.09% with a volume of 515,800 shares [1] - Xinquan Co. (603179) at 73.59, up 10.00% with a volume of 264,900 shares [1] - Shenglong Co. (603178) at 22.88, up 10.00% with a volume of 291,800 shares [1] - Aerospace Science and Technology (000901) at 18.62, up 9.98% with a volume of 322,600 shares [1] Fund Flow Analysis - The automotive parts sector saw a net inflow of 1.289 billion yuan from main funds, while retail investors experienced a net outflow of 109 million yuan [2] - The sector's overall trading activity indicates a strong interest from institutional investors despite some outflows from retail investors [2]

Core Insights - Meili Technology is actively engaging with humanoid robot companies to provide high-precision springs that enhance robot flexibility and performance [4][6] - The company has transitioned from traditional spring manufacturing to focus on high-value sectors such as automotive air suspension springs and now robot springs, driven by market opportunities in the electric vehicle sector [5][8] Group 1: Company Background - Founded 35 years ago, Meili Technology started as a small spring workshop in Zhejiang, initially producing springs for fire extinguishers and motorcycle valves [6] - The company has evolved to manufacture automotive springs, responding to increasing competition and the need for innovation in the spring market [6] Group 2: Product Development - A specialized team was formed from over 120 R&D personnel to tackle technical challenges in robot spring development, achieving small-batch production in under three months [4][7] - The new robot springs are designed to improve the responsiveness and coordination of robots, serving as critical components for their movement systems [4][8] Group 3: Market Opportunities - The shift towards electric vehicles has opened new avenues for Meili Technology, particularly in developing air suspension springs, a technology previously dominated by foreign companies [6][8] - The company aims to capitalize on the higher added value of robot springs, which could potentially become a billion-dollar market segment [8]

Core Viewpoint - Meili Technology is actively expanding into the humanoid robot spring market, leveraging its extensive experience in the spring industry to develop high-precision, high-strength springs that enhance the performance of robots [2][5][6]. Group 1: Company Background and Development - Founded 35 years ago, Meili Technology started as a small spring workshop in Zhejiang, initially producing springs for fire extinguishers and later expanding into motorcycle and automotive springs [3][5]. - The company has accumulated significant experience in the spring industry, which supports its entry into new sectors such as the automotive air suspension spring market and humanoid robotics [3][5]. Group 2: Technological Advancements - Meili Technology has established a dedicated robotics team from its pool of over 120 R&D personnel, successfully launching small batches of robot springs within three months [2][5]. - The company is focusing on developing air suspension springs for new energy vehicles, a technology previously dominated by foreign companies, and has successfully created a prototype that passed customer validation [5][6]. Group 3: Market Opportunities - The rapid growth of the domestic new energy vehicle market presents a significant transformation opportunity for Meili Technology, prompting the company to pursue higher technical barriers in its product offerings [5]. - The company anticipates that the added value of robot springs could lead to a new billion-dollar market segment, indicating strong future growth potential [6].

Core Insights - The company, Meili Technology, is actively engaging with humanoid robot manufacturers to address technical challenges and enhance communication within the industry [2] - Meili Technology has developed a high-strength, high-precision damping spring that improves the flexibility and coordination of robots, positioning it as a critical component in robotic linear actuators [3] - The company has transitioned from traditional spring manufacturing to focus on high-tech applications, including air suspension springs for electric vehicles and robot springs, recognizing the need for innovation in a competitive market [4][6] Group 1: Company Development - Meili Technology was founded 35 years ago, initially starting as a small spring workshop and gradually expanding into various spring applications, including motorcycle and automotive springs [4] - The company has identified opportunities in the rapidly growing domestic electric vehicle market, prompting a strategic shift towards developing air suspension springs, which were previously dominated by foreign companies [4] - The company has successfully launched small-batch robot springs within three months of forming a dedicated robotics team, showcasing its agility in entering new markets [3][6] Group 2: Technical Innovations - The company has invested significant resources into developing air suspension springs, overcoming challenges related to the durability and sealing of rubber air bags in extreme conditions [5] - The first prototype of the passenger car air spring assembly is set to be completed in 2024, having passed customer validation tests [6] - The added value of robot springs is anticipated to be higher than that of automotive springs, with the potential to become a billion-dollar market segment [6]

Investment Rating - The industry rating is "Outperform the Market" [8] Core Insights - The automotive market is entering a sales peak season, with significant growth in production and sales figures. In September, production reached 3.276 million units and sales reached 3.226 million units, marking a month-on-month increase of 16.4% and 12.9%, respectively, and a year-on-year increase of 17.1% and 14.9% [3][14] - The market for new energy vehicles (NEVs) continues to show strong growth, with sales reaching 1.604 million units in September, a year-on-year increase of 24.6%, and accounting for 49.7% of total new car sales [15][44] - Chinese brands are expanding their market share, with domestic brands selling 2.007 million passenger vehicles in September, capturing 70.2% of the market, a 2.5 percentage point increase year-on-year [15] Summary by Sections Market Overview - The automotive sector experienced a decline of 6% from October 13 to October 17, underperforming the CSI 300 index by 3.8 percentage points. Year-to-date, the automotive sector has increased by 19.2%, ranking 10th among 31 sectors [21][26] Key Data - Retail sales of passenger vehicles from October 1 to 12 were 686,000 units, a year-on-year decrease of 8% but a month-on-month increase of 12%. NEV retail sales were 367,000 units, down 1% year-on-year but up 1% month-on-month [36][37] - In September, total automotive sales reached 3.226 million units, with a year-on-year increase of 14.9%. Cumulative sales from January to September were 24.363 million units, also reflecting a 12.9% year-on-year growth [43] Industry Developments - The 2025 World Intelligent Connected Vehicle Conference was held, focusing on policy, technology, safety, and data, and promoting collaborative innovation across the industry [16][17] - The conference announced significant achievements in standardization and technological roadmaps for intelligent connected vehicles, aiming to enhance data quality and service capabilities [17][20] Stock Performance - The automotive sector's stock performance showed declines across various sub-sectors, including passenger vehicles and automotive parts, with specific declines of 3.5% and 7.5%, respectively [26][34]

Core Viewpoint - Meili Technology's stock price has shown significant volatility, with a year-to-date increase of 209.80%, but a recent decline of 4.82% over the last five trading days [2] Group 1: Stock Performance - As of October 22, Meili Technology's stock price was 32.38 CNY per share, with a market capitalization of 6.835 billion CNY [1] - The stock has experienced a trading volume of 1.93 billion CNY, with a turnover rate of 3.96% [1] - Year-to-date, the stock has been on the leaderboard eight times, with the latest net buy of 31.8915 million CNY on October 15 [2] Group 2: Financial Performance - For the first half of 2025, Meili Technology reported a revenue of 900 million CNY, representing a year-on-year growth of 25.25% [3] - The net profit attributable to shareholders for the same period was 80.3979 million CNY, reflecting a year-on-year increase of 71.98% [3] Group 3: Business Overview - Meili Technology, established on May 16, 2002, and listed on February 20, 2017, specializes in the R&D, production, and sales of high-end spring products and precision injection parts [2] - The company's main revenue sources include suspension system springs (66.93%), elastic devices and stamped parts (17.31%), and body and interior springs (14.32%) [2] - The company operates within the automotive industry, specifically in the automotive parts sector, and is associated with concepts such as NIO, Tesla, new energy vehicles, flying cars, and BYD [2] Group 4: Shareholder Information - As of October 10, the number of shareholders for Meili Technology was 27,500, a decrease of 0.83% from the previous period [3] - The average circulating shares per person increased by 0.84% to 5,386 shares [3] - The company has distributed a total of 119 million CNY in dividends since its A-share listing, with 41.6922 million CNY distributed over the past three years [4]

Market Overview - As of October 20, the Shanghai Composite Index closed at 3863.89 points, up 24.14 points, with a gain of 0.63% [1] - The Shenzhen Component Index closed at 12813.21 points, up 124.27 points, with a gain of 0.98% [1] - The ChiNext Index closed at 2993.45 points, up 58.09 points, with a gain of 1.98% [1] Stock Performance - A total of 53 A-shares had a turnover rate exceeding 20%, with C Dao Sheng reaching over 50% [1] - C Dao Sheng's closing price was 25.96 yuan, with a turnover rate of 57.83% and a decline of 12.53% [1] - Matrix Co. closed at 26.65 yuan, with a turnover rate of 43.42% and an increase of 2.38% [1] - Yunhan Chip City closed at 164.31 yuan, with a turnover rate of 39.89% and a decrease of 1.02% [1] - Other notable stocks include: - Haichuang Ruitong: 54.38 yuan, 37.40% turnover, 0.15% increase [1] - Jianfa Zhixin: 29.30 yuan, 36.97% turnover, 4.46% increase [1] - Feiwo Technology: 45.78 yuan, 34.92% turnover, 20.00% increase [1] Additional Notable Stocks - Chuling Information: 25.98 yuan, 33.92% turnover, 12.42% increase [1] - Changjiang Nengke: 17.56 yuan, 32.65% turnover, 5.03% decrease [1] - Huifeng Diamond: 39.32 yuan, 32.03% turnover, 29.98% increase [1] - Lanfeng Biochemical: 8.05 yuan, 31.49% turnover, 4.62% decrease [1] - Shandong Molong: 7.04 yuan, 30.78% turnover, 3.83% increase [1]

Core Viewpoint - Meili Technology's trading volume reached 1.419 billion yuan, marking a new high since April 2, 2025, with a stock price increase of 3.09% and a turnover rate of 27.47% [2] Company Summary - Meili Technology Co., Ltd. was established on May 16, 2002, with a registered capital of 2.1107468 billion yuan [2] - The previous trading day's total transaction volume for the stock was 1.302 billion yuan [2]