晋西车轴股份有限公司 （JINXI AXLE COMPANY LTD.） 2025年第四次临时股东会 会议资料 晋西车轴股份有限公司 2025年12月30日 晋西车轴股份有限公司 2025 年第四次临时股东会 会议议程 晋西车轴股份有限公司 2025 年第四次临时股东会会议议程 一、时间 1、现场会议召开时间：2025 年 12 月 30 日 14 点 30 分 开始。 2、网络投票起止时间：采用上海证券交易所（以下简 称"上交所"）股东会网络投票系统，通过交易系统投票平 台的投票时间为股东会召开当日的交易时间段，即 2025 年 12 月 30 日 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网 投票平台的投票时间为股东会召开当日的 9:15-15:00。 二、现场会议召开地点 山西省太原市和平北路北巷5号晋西宾馆会议室 三、出席人员 1、2025年12月23日下午15:00交易结束后在中国证券登 记结算有限责任公司上海分公司登记在册的本公司股东或 授权委托人； 2、公司董事和高级管理人员； 1 晋西车轴股份有限公司 2025 年第四次临时股东会 会议议程 公司股东只能选择现场 ...

Core Viewpoint - The report highlights the growth in China's high-speed train production, indicating a significant increase in output and market potential for related companies in the industry [1]. Group 1: Industry Overview - As of October 2025, China's high-speed train production reached 97 units, marking a year-on-year increase of 136.6% [1]. - From January to October 2025, the cumulative production of high-speed trains in China totaled 1,524 units, reflecting a cumulative growth of 7.8% [1]. Group 2: Listed Companies - The report mentions several listed companies in the high-speed rail sector, including China CRRC (601766), China Railway Signal & Communication (688009), and others [1]. - These companies are positioned to benefit from the growing demand and production in the high-speed rail market [1]. Group 3: Market Research - The insights are derived from a report by Zhiyan Consulting, which provides strategic analysis and forecasts for the high-speed rail industry in China from 2026 to 2032 [1]. - Zhiyan Consulting is recognized as a leading industry consulting firm, specializing in comprehensive industry research and tailored consulting services [1].

证券代码：600495 证券简称：晋西车轴 公告编号：临 2025-057 晋西车轴股份有限公司 关于签订募集资金专户存储三方监管协议的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准晋西车轴股份有限公司非公开发行股 票的批复》（证监许可〔2013〕803 号）核准，晋西车轴股份有限公司（以下简 称"公司"）于 2013 年 8 月以非公开发行股票的方式向包括晋西工业集团有限 责任公司在内的七名特定投资者发行人民币普通股（A 股）11,727.27 万股，每 股面值 1.00 元，每股发行价 11.00 元，募集资金总额为人民币 129,000.00 万元， 扣除主承销商发行费用 2,680.00 万元后的募集资金金额 126,320.00 万元（含应付 未付的审计费、律师费及发行费等）已于 2013 年 8 月 7 日全部到账，并经瑞华 会计师事务所（特殊普通合伙）审验，出具瑞华验字〔2013〕第 218A0002 号验 资报告。扣除审计费、律师费等费用后，该次募 ...

Core Insights - The article discusses the current state and future prospects of the Chinese railway locomotive industry, highlighting production statistics and growth trends [1]. Industry Overview - According to the National Bureau of Statistics, the production of railway locomotives in China reached 137 units in September 2025, representing a year-on-year increase of 4.6% [1]. - Cumulatively, from January to September 2025, the total production of railway locomotives was 625 units, showing a cumulative growth of 16.6% [1]. Companies Mentioned - Listed companies in the railway locomotive sector include China CNR Corporation (601766), China Railway Group (601390), China Railway Construction Corporation (601186), Jinxi Axle (600495), Taiyuan Heavy Industry (600169), Times New Material (600458), Shenzhou High-speed Railway (000008), Kanni Electromechanical (603111), Huihong Technology (002296), and Jin Yi Industrial (601002) [1]. Research Report - The article references a report by Zhiyan Consulting titled "Analysis of the Current Market Situation and Future Prospects of the Chinese Railway Locomotive Industry from 2025 to 2031" [1].

Core Viewpoint - The report highlights the current state and future prospects of China's high-speed rail industry, indicating a decline in production while also noting a cumulative growth over the year [1] Group 1: Industry Overview - As of September 2025, China's high-speed train production reached 385 units, representing a year-on-year decrease of 28.2% [1] - From January to September 2025, the cumulative production of high-speed trains in China was 1,491 units, showing a cumulative growth of 8.6% compared to the previous year [1] Group 2: Companies Involved - Listed companies in the high-speed rail sector include China CRRC (601766), China Railway Signal & Communication (688009), and others such as Thinking Control (603508), Beijing-Shanghai High-Speed Railway (601816), and Jinxi Axle (600495) [1]

Market Overview - The rail transit equipment sector experienced a decline of 0.68% on October 30, with the leading stock being Jiuzhou Yitui, which fell by 4.93% [1][2] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the rail transit equipment sector included: - Jinying Che Ding (301048) with a closing price of 13.08, up 4.06% [1] - Jinxi Axle (600495) with a closing price of 5.23, up 2.75% [1] - Weiao Co., Ltd. (605001) with a closing price of 8.07, up 1.77% [1] - Significant decliners included: - Jiuzhou Yitui (688485) with a closing price of 16.01, down 4.93% [2] - Yonghui Electric (300351) with a closing price of 16.78, down 4.71% [2] - Jiaokong Technology (688015) with a closing price of 23.93, down 4.05% [2] Capital Flow - The rail transit equipment sector saw a net inflow of 18.23 million yuan from institutional investors, while retail investors experienced a net outflow of 98.71 million yuan [2][3] - Key stocks with significant capital flow included: - Xianghe Industrial (603500) with a net outflow of 39.37 million yuan from institutional investors [3] - Jinxi Axle (600495) with a net inflow of 31.27 million yuan from institutional investors [3] - China CNR Corporation (601766) with a net inflow of 27.19 million yuan from institutional investors [3]

Core Insights - As of October 24, 616 companies have released their Q3 2025 reports, with 389 reporting a year-on-year increase in net profit, while 227 reported a decline [1] - 410 companies experienced a year-on-year increase in operating revenue, whereas 206 reported a decrease [1] - 317 companies saw both net profit and operating revenue increase, while 134 companies experienced declines in both metrics [1] - Notably, 92 companies had a net profit growth rate exceeding 100%, with Jingrui Electric Materials leading at an astonishing 19,202.65% [1] Financial Performance Summary - Jingrui Electric Materials (300655) reported earnings per share of 0.1212, net profit of 128.37 million, and a net profit increase of 19,202.65%, with operating revenue of 118.68 million, up 11.92% [1] - Xiaoming Co. (300967) had earnings per share of 0.9846, net profit of 183.06 million, and a net profit increase of 2,243.97%, with operating revenue of 102.41 million, up 58.98% [1] - New Strong Union (300850) reported earnings per share of 1.7800, net profit of 663.84 million, and a net profit increase of 1,939.50%, with operating revenue of 361.79 million, up 84.10% [1] - Other notable companies include Yinglian Co. (002846) with a net profit increase of 1,572.67% and TianNeng Heavy Industry (300569) with a net profit increase of 1,359.03% [1] Additional Company Highlights - Zhimin Da (688636) reported earnings per share of 0.4900, net profit of 81.99 million, and a net profit increase of 995.37%, with operating revenue of 51.16 million, up 145.16% [1] - Special One Pharmaceutical (002728) had earnings per share of 0.1300, net profit of 65.22 million, and a net profit increase of 985.18%, with operating revenue of 69.19 million, up 51.86% [1] - Wanchen Group (300972) reported earnings per share of 4.6840, net profit of 854.98 million, and a net profit increase of 917.04%, with operating revenue of 3,656.23 million, up 77.37% [1]

Core Insights - As of October 22, 220 companies have released their Q3 2025 reports, with 147 reporting a year-on-year increase in net profit and 73 showing a decline [1] - 155 companies experienced a year-on-year increase in operating revenue, while 65 reported a decrease [1] - 125 companies saw both net profit and operating revenue increase, while 43 companies reported declines in both metrics [1] - Notably, 32 companies achieved a net profit growth rate exceeding 100%, with Xin Qiang Lian leading at 1939.50% [1] Financial Performance Summary - **Top Performers by Net Profit Growth**: - Xin Qiang Lian: Net profit of 66,384.29 million, up 1939.50%, operating revenue of 361,792.49 million, up 84.10% [1] - Guanghua Technology: Net profit of 9,039.34 million, up 1233.70%, operating revenue of 204,433.57 million, up 11.50% [1] - Wancheng Group: Net profit of 85,497.84 million, up 917.04%, operating revenue of 3,656,231.05 million, up 77.37% [1] - **Other Notable Companies**: - Shijia Guangzi: Net profit of 29,971.78 million, up 727.74%, operating revenue of 156,043.74 million, up 113.96% [1] - Shentong Technology: Net profit of 11,326.61 million, up 584.07%, operating revenue of 130,196.13 million, up 34.65% [1] - Yongding Co.: Net profit of 32,909.62 million, up 474.30%, operating revenue of 363,039.87 million, up 22.13% [1] Additional Insights - **Companies with Declining Performance**: - Xinlian Electronics: Net profit of 53,494.92 million, up 421.43%, but operating revenue slightly decreased by 0.37% [1] - Jinxichaxu: Net profit of 2,211.44 million, up 268.03%, with a negligible decline in operating revenue [1] - **Emerging Companies**: - Huadong Digital Control: Net profit of 2,312.18 million, up 151.78%, with a slight decline in operating revenue [2] - Zhongcai Technology: Net profit of 147,978.91 million, up 143.24%, operating revenue of 2,170,061.81 million, up 29.09% [2]

Group 1 - Pinggao Electric reported a 6.98% increase in revenue to 8.436 billion yuan and a 14.62% increase in net profit to 982 million yuan for the first three quarters of 2025 [1] - Wanchen Group achieved a 77.37% increase in revenue to 36.562 billion yuan and a staggering 917.04% increase in net profit to 855 million yuan for the first three quarters of 2025 [2] - Xintian's revenue decreased by 10.42% to 481 million yuan, with a net profit decline of 35.19% to 91.9 million yuan for the first three quarters of 2025 [3] Group 2 - Chuangye Heima reported a revenue drop of 35.68% to 102 million yuan and a net loss of 24.93 million yuan for the first three quarters of 2025 [4] - Huaxin New Materials saw a 16.11% increase in revenue to 265 million yuan and an 18.56% increase in net profit to 40.81 million yuan for the first three quarters of 2025 [5] - Meihua Medical's revenue increased by 3.28% to 1.194 billion yuan, but net profit fell by 19.25% to 208 million yuan for the first three quarters of 2025 [6] Group 3 - Silica Technology reported a 24.30% increase in revenue to 2.651 billion yuan and a 44.63% increase in net profit to 229 million yuan for the first three quarters of 2025 [7] - Anada experienced a revenue decline of 6.03% to 1.31 billion yuan and a net loss of 46.37 million yuan for the first three quarters of 2025 [8] - StarNet Ruijie achieved a 19.20% increase in revenue to 14.168 billion yuan and a 31.06% increase in net profit to 344 million yuan for the first three quarters of 2025 [9] Group 4 - New Link Electronics reported a revenue decrease of 0.37% to 550 million yuan but a significant net profit increase of 421.43% to 535 million yuan for the first three quarters of 2025 [10] - Tianyin Electromechanical's revenue fell by 22.75% to 581 million yuan, with a net profit decline of 56.10% to 24.27 million yuan for the first three quarters of 2025 [11] - Hengtong Co. reported a revenue decrease of 39.29% to 1.05 billion yuan, but a net profit increase of 78.33% to 176 million yuan for the first three quarters of 2025 [12] Group 5 - Xigao Institute achieved a 15.05% revenue increase to 651 million yuan and a 21.28% net profit increase to 198 million yuan for the first three quarters of 2025 [13] - Good Housewife reported a revenue decrease of 0.91% to 1.059 billion yuan and a net profit decline of 24.79% to 143 million yuan for the first three quarters of 2025 [14] - China Pharmaceutical's subsidiary received approval for Vitamin B6 injection, indicating a positive development in its product pipeline [20] Group 6 - Xi Zhong Technology received approval for the issuance of convertible bonds, indicating potential for future capital raising [22] - Chengda Bio signed a strategic cooperation agreement with the Chinese Academy of Microbiology, focusing on infectious disease prevention [25] - Fuyuan Pharmaceutical received a drug registration certificate for Dydrogesterone tablets, enhancing its product offerings [26] Group 7 - Zhehai Deman received 8.1202 million yuan in land acquisition compensation, indicating a successful resolution of land-related issues [27] - Zhongjin Irradiation announced the resignation of its deputy general manager, indicating potential changes in management [29] - Hendi Pharmaceutical received a drug registration certificate for Febuxostat tablets, expanding its product portfolio [30] Group 8 - David Medical's subsidiary received a medical device registration certificate for a surgical stapler, enhancing its product offerings [32] - Liaoning Energy announced plans for a share reduction by a major shareholder, indicating potential changes in ownership structure [34] - Fengyuan Co. signed a framework agreement for the supply of lithium iron phosphate, indicating growth in its supply chain [35] Group 9 - Shengda Resources announced the resumption of construction at a mining site, indicating recovery from previous operational disruptions [37] - Shiyuan Co. reported a revenue increase of 5.45% to 18.087 billion yuan, but a net profit decline of 6.81% to 867 million yuan for the first three quarters of 2025 [39] - Feilida reported a revenue decrease of 6.81% to 4.659 billion yuan, but a net profit increase of 49.1% to 33.19 million yuan for the first three quarters of 2025 [40] Group 10 - Changyuan Donggu reported a revenue increase of 29.75% to 1.648 billion yuan and a net profit increase of 76.71% to 274 million yuan for the first three quarters of 2025 [41] - Liyuanheng reported a net profit of 47.49 million yuan for the first three quarters of 2025, indicating stable performance [42] - Fangyuan Co. reported a net loss of 121 million yuan for the first three quarters of 2025, indicating challenges in its operations [43] Group 11 - China Mobile reported a revenue increase of 0.4% to 794.7 billion yuan and a net profit increase of 4% to 115.4 billion yuan for the first three quarters of 2025 [44] - Huangshanghuang reported a revenue decrease of 5.08% to 1.379 billion yuan but a net profit increase of 28.59% to 101 million yuan for the first three quarters of 2025 [46] - Youcai Resources announced plans to invest approximately 150 million yuan in a new materials production base project [47] Group 12 - Huawei Technology announced plans to invest up to 20 million euros in two German subsidiaries [49] - China Shipbuilding projected a net profit increase of 144.42% to 170.85% for the first three quarters of 2025, indicating strong performance [51] - Aeston's subsidiary plans to transfer a 48% stake in a company for 245 million yuan, indicating strategic divestment [52] Group 13 - Jinxinno plans to raise up to 292 million yuan through a private placement, indicating potential for expansion [53] - China Power Construction reported a 5.04% increase in new contract amounts to 904.527 billion yuan for the first three quarters of 2025 [54] - Helitai reported a net profit increase of 101.45% to 17.81 million yuan for the first three quarters of 2025 [55] Group 14 - Xuefeng Technology reported a revenue decrease of 8.28% to 4.183 billion yuan and a net profit decline of 34.6% to 394 million yuan for the first three quarters of 2025 [57] - Juzhi Technology reported a revenue increase of 21.40% to 615 million yuan and a net profit increase of 33.78% to 82.47 million yuan for the first three quarters of 2025 [59] - Jinxi Axle reported a revenue decrease of 0.11% to 872 million yuan but a net profit increase of 268.03% to 22.11 million yuan for the first three quarters of 2025 [60] Group 15 - Longsheng Technology reported a revenue increase of 10.13% to 1.810 billion yuan and a net profit increase of 36.89% to 210 million yuan for the first three quarters of 2025 [62] - Shannon Chip Creation announced plans for a share reduction by a major shareholder, indicating potential changes in ownership structure [63]

Core Insights - The core point of the article is that Jinxi Axle Co., Ltd. reported a slight decline in revenue for the first three quarters of 2025 compared to the same period in 2024, but a significant increase in net profit, attributed to changes in product structure and enhanced cost control [2]. Financial Performance - For the first three quarters of 2025, the company's operating revenue was 872 million yuan, a year-on-year decrease of 0.11% [2]. - The net profit attributable to shareholders was 22.11 million yuan, showing a year-on-year increase of 268.03% [2]. - The net profit excluding non-recurring items was 985,200 yuan [2]. Quarterly Analysis - In the third quarter of 2025, the company achieved operating revenue of 264 million yuan, a year-on-year decline of 40.52% [2]. - The net profit attributable to shareholders for the third quarter was 8.21 million yuan, a year-on-year decrease of 68.22% [2]. - The net profit excluding non-recurring items for the third quarter was 1.79 million yuan, a decline of 89.90% year-on-year [2]. Reasons for Performance Changes - The significant year-on-year increase in net profit for the first three quarters was primarily due to changes in product structure and improved cost management, leading to an overall increase in gross profit [2]. - The decrease in sales of railway vehicle products was identified as the main reason for the substantial decline in both net profit and net profit excluding non-recurring items in the third quarter [2].