证券代码：603197 证券简称：保隆科技 公告编号：2025-058 债券代码：113692 债券简称：保隆转债 上海保隆汽车科技股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 回购方案首次披露日 2025/4/30 回购方案实施期限 2025 年 4 月 28 日~2026 年 4 月 27 日 预计回购金额 10,000万元~20,000万元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 累计已回购股数 0万股 累计已回购股数占总股本比例 0% 累计已回购金额 0万元 实际回购价格区间 / 一、 回购股份的基本情况 公司于 2025 年 4 月 28 日召开第七届董事会第二十四次会议及第七届监事会 第二十三次会议，分别审议通过了《关于以集中竞价交易方式回购公司股份方案 的议案》，同意公司以自有资金及股票回购专项贷款回购公司股份，用于员工持股 计划或股权激励，回购金额不低于人民币 10,000 ...

Core Points - The company announced a cash dividend of 0.51 CNY per share for its A shares [1] - The total cash dividend distribution amounts to approximately 109.39 million CNY based on the total share capital of 214,482,121 shares [1] - The dividend distribution plan was approved at the annual general meeting held on May 21, 2025 [1] Summary by Sections Dividend Distribution - The cash dividend of 0.51 CNY per share will be distributed to all shareholders registered by the close of trading on June 10, 2025 [1] - The cash dividend payment date is set for June 11, 2025 [1] Share Capital Changes - As of the announcement date, the company's total share capital has increased to 31,214,482,121 shares, up from 212,090,646 shares as of December 2024, due to stock option exercises and convertible bond conversions [1] Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net distribution of 0.51 CNY per share [3] - For shares held for less than one year, the tax implications will be calculated upon the transfer of shares, with a potential tax burden of 20% for shares held for one month or less [3][5] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, leading to a net cash dividend of 0.459 CNY per share [5]

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 回购方案首次披露日 | 2025/4/30 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 4 4 27 | | 月 | 28 | 日~2026 | 年 | 月 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | 累计已回购股数 | □为维护公司价值及股东权益 0万股 | | | | | | | | 累计已回购股数占总股本比例 | 0% | | ...

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 本次权益分派实施的股权登记日为 2025 年 6 月 10 日，除权除息日为 2025 年 6 月 11 日，公司 2024 年年度利润分配方案实施具体情况详见公司于同日在上 海证券交易所网站（www.sse.com.cn）披露的《上海保隆汽车科技股份有限公司 2024 年年度权益分派实施公告》（公告编号：2025-055）。根据《回购报告书》 的规定，若公司在回购期限内实施了资本公积金转增股本、现金分红、派送股票 红利、配股、股票拆细或缩股等除权除息事项，公司将按照中国证券监督管理委 员会及上海证券交易所的相关规定，对回购股份的价格上限进行相应调整。 三、本次调整回购价格上限的具体情况 关于 2024 年年度权益分派实施后调整回购价格上限的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一 ...

上海保隆汽车科技股份有限公司 关于"保隆转债"转股价格调整暨转股复牌的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券停复牌情况：适用 因实施 2024 年年度权益分派方案，本公司可转债"保隆转债"自权益分派公 告披露前一交易日（2025 年 6 月 3 日）至权益分派股权登记日（2025 年 6 月 10 日）期间停止转股，自 2025 年 6 月 11 日起恢复转股。本公司的相关证券停复牌 情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113692 | 保隆转债 | 可转债转股复牌 | | | 2025/6/10 | 2025/6/11 | | 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 调整前转 ...

相关日期 | 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.51元 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/10 | － | 2025/6/11 | 2025/6/11 | 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 21 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 截至本公告披露日，公司总股本为 214,482,121 股，较 2024 年 12 月 31 日公 司总股本 212, ...

Data Summary - In the week of May 19-25, 2025, passenger car sales reached 399,000 units, up 12.1% year-on-year and 2.6% month-on-month; new energy vehicle sales were 222,000 units, up 20.4% year-on-year and 2.0% month-on-month; new energy penetration rate was 55.4%, down 0.4% month-on-month [1][48]. Market Performance - The automotive sector underperformed the market in the week of May 26-30, 2025, with a decline of 2.90%, ranking 30th among sub-industries, compared to the CSI 300's decline of 1.49%. Among sub-sectors, automotive services rose by 2.13%, while passenger cars fell by 5.59% [2][45]. Investment Recommendations - The core investment focus includes companies such as Geely Auto, BYD, Xpeng Motors, and Xiaomi Group, with a recommendation to pay attention to Berteli and Top Group [3][23]. Autonomous Delivery Demand - Strong demand for autonomous delivery is driven by labor shortages and cost pressures, with the express delivery business volume growing at a CAGR of 22.5% over five years, while the number of couriers only grew at 1.4%. The last mile of delivery accounts for 60% of logistics costs, and automation can significantly reduce these costs [4][21]. Supply Chain Developments - The cost revolution in core components is driven by technological scaling, with the average price of lidar dropping from 22,500 to 2,600 yuan, and the price of autonomous delivery vehicles decreasing from around 500,000 to 20,000 yuan [12][21]. Policy Support - The opening of road rights is expected to accelerate the deployment of low-speed autonomous vehicles, with pilot programs set to deploy at least 200 vehicles in various cities by 2025 [18][19]. Robotics Industry Acceleration - The robotics industry is witnessing rapid advancements, with companies like ZhiYuan Robotics and Figure making significant progress in humanoid robots. The integration of AI and advanced manufacturing technologies is expected to reshape production and lifestyle [5][27]. Motorcycle Market Insights - The motorcycle market is experiencing growth, with sales of 250cc and above motorcycles reaching 93,000 units in April 2025, up 28.0% year-on-year. The leading company, Chunfeng Power, holds a market share of 24.1% [35][36]. Heavy Truck Market - The heavy truck market is expected to recover due to expanded subsidies for replacing old vehicles, with sales in April 2025 reaching 87,700 units, up 6.5% year-on-year. The new subsidy policy is anticipated to stimulate demand significantly [38][39]. Tire Industry Outlook - The tire industry is benefiting from high demand and low valuations, with a focus on leading companies and high-growth potential firms. The global expansion of tire manufacturers is expected to enhance competitiveness [41][42].

Investment Rating - The investment rating for Weifu High Technology (000581.SZ) is not explicitly stated in the provided documents, but the report discusses the company's strategic initiatives and market positioning, indicating a positive outlook for the company [2][4]. Core Viewpoints - The establishment of a joint venture, Weifu Baolong Technology Co., Ltd., with Baolong Technology aims to deepen research in fully active suspension systems, with a registered capital of RMB 400 million, where Weifu Jin Ning contributes RMB 220 million (55%) and Baolong contributes RMB 180 million (45%) [2]. - The report emphasizes the growing importance of fully active suspension technology, which utilizes advanced sensors and electronic control systems to enhance driving comfort and handling by adjusting suspension in real-time [4]. - The collaboration is expected to leverage Weifu Jin Ning's technology in active suspension hydraulic pumps and Baolong's experience in air suspension systems to enhance market competitiveness and operational efficiency [4]. Summary by Relevant Sections - **Company Overview**: Weifu High Technology is focusing on the development of fully active suspension systems, aligning with national policies supporting new energy and intelligent vehicles, which presents a favorable market opportunity [4]. - **Strategic Initiatives**: The company is advancing its SMPU platform and developing 5in1 products, with ongoing sample development and testing aimed at achieving mass production [4]. - **Market Positioning**: The joint venture is expected to optimize resource allocation and enhance both companies' market influence in the fully active suspension sector, establishing a solid foundation for long-term growth [4].

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report discusses the establishment of a joint venture and its implications for market competitiveness [2][4]. Core Insights - The company is establishing a joint venture, 威孚保隆科技有限公司, with 合肥保隆, with a registered capital of 400 million RMB, where 威孚金宁 will contribute 220 million RMB (55%) and 合肥保隆 will contribute 180 million RMB (45) [2]. - The joint venture aims to leverage 威孚金宁's technology in active suspension systems and 合肥保隆's experience in air suspension systems to enhance market competitiveness and operational efficiency [4]. - The report highlights the growing importance of active suspension technology in the automotive industry, driven by advancements in sensors and electronic control systems, which provide improved driving comfort and handling [4]. Summary by Sections - **Joint Venture Establishment**: 威孚金宁 and 合肥保隆 are forming a joint venture to enhance their capabilities in the active suspension market, with 威孚金宁 holding a majority stake [2]. - **Market Opportunities**: The report emphasizes the favorable policy environment for the promotion of active suspension systems, aligning with national support for new energy and smart vehicles [4]. - **Strategic Focus**: The company is prioritizing the development and mass production of suspension motor pump projects as a key strategic business area [4].

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 关于公司为控股子公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人名称：上海保隆工贸有限公司（以下简称"保隆工贸"）、上 海保隆汽车科技（安徽）有限公司（以下简称"合肥保隆"）、保隆霍富（上海） 电子有限公司（以下简称"保富中国"）为上海保隆汽车科技股份有限公司（以 下简称"公司"）控股子公司，不存在其他关联关系。 公司本次为保隆工贸、合肥保隆、保富中国提供担保金额为人民币 37,040.00 万元、15,000.00 万元、3,100.00 万元。截至本公告披露日，公司实 际为保隆工贸、合肥保隆、保富中国提供的担保余额为人民币 121,740.00 万元、 44,500.00 万元、59,845.00 万元（不含本次担保金额）。 本次担保均不存在反担保。 公司及控股子公 ...