Performance Meeting Overview - The company held its 2024 annual and Q1 2025 performance briefing on May 14, 2025, via the "Panorama Roadshow" website [1] - Key executives, including the chairman and financial director, addressed investor questions during the session [1] Revenue Growth and Strategic Plans - The company successfully expanded into the passenger vehicle parts sector, contributing to revenue growth [1][2] - Future strategies include broadening cooperation with clients, enhancing product and market structures, and increasing market share in both passenger and truck markets [1][4] - The acquisition of Alpha Silicon is expected to enhance technical development and market resources, facilitating collaboration with Chery Automotive [1][4] Financial Performance - For Q1 2025, the company reported revenue of 38.16 million yuan, an increase of 85.84% year-on-year [1][8] - The company aims for a revenue target of 350 million yuan for 2025, with a positive net profit expected [1][8] Market Outlook - The automotive electronics market is anticipated to experience explosive growth due to rising consumer demands for safety, comfort, and entertainment features [1][4] - The company plans to leverage the growing demand for smart driving and electric vehicles to enhance its market position [1][4] Product Development and Innovation - The company is committed to continuous R&D investment, focusing on upgrading existing products and developing new ones such as intelligent cockpits and domain controllers [1][10] - The integration of Alpha Silicon's technology is expected to enrich the product matrix and improve competitive advantages in the market [1][4] Competitive Landscape - The automotive parts industry is highly competitive, prompting the company to explore diversification into other sectors [1][4] - The company is actively seeking to enhance its market share and customer loyalty through innovative products and superior service [1][4]

在法国，比亚迪连续两年包揽"AUTO BEST"年度电动车大奖及"最佳新兴品牌"称号，其设计中心与巴 黎时尚学院的深度合作，让海豹车型的法式美学设计斩获红点至尊奖。品牌认知度的质变直接反映在市 场表现：法国4月2064辆的销量中，行政级用户占比达35%，彻底打破中国车"低价低质"的刻板印象。 改写全球电动车格局 比亚迪在欧洲市场取得的突破，不仅是单一品牌的胜利，这一系列信号预示着，中国车企具备在全球最 严苛市场与国际巨头正面竞争的能力，中国汽车产业的全球化正从单一产品贸易，升级为"技术+本地 化+品牌高端化"的立体输出。 在电动化与智能化的双重革命中，依托全产业链优势与持续技术创新的中国车企，正在改写全球电动汽 车产业的市场。 刚刚过去的4月，欧洲新能源汽车市场迎来历史性转折，中国新能源汽车品牌比亚迪以月销11123辆的绝 对优势，将特斯拉（6253辆）甩在身后，历史性实现欧洲14国全维度领跑。这场跨越阿尔卑斯山的产业 革命，不仅颠覆了欧洲市场长期由本土品牌主导的旧秩序，更以"技术突围+本土深耕"双引擎战略，为 中国汽车出海树立了全球化运营新标杆。 征服德国工程师群体 在汽车工业发源地德国，比亚迪4月1566 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company is expected to achieve a revenue of 168.85 billion yuan in 2024, representing a year-on-year growth of 0.2%, while the net profit attributable to the parent company is projected to be 6.69 billion yuan, down 7.3% year-on-year [2][4]. - In Q1 2025, the company achieved a revenue of 40.37 billion yuan, reflecting a year-on-year increase of 9.1%, with a net profit of 1.27 billion yuan, up 0.6% year-on-year [2][4]. - The company is focusing on the smart electric trend, accelerating the development and application of emerging business products, and continuously optimizing its customer structure, indicating a positive outlook for future growth [2]. Summary by Sections Revenue and Profitability - The company’s revenue for 2024 is projected at 168.85 billion yuan, with a slight increase of 0.2% year-on-year. The net profit attributable to the parent company is expected to be 6.69 billion yuan, a decrease of 7.3% year-on-year. For Q1 2025, revenue is expected to reach 40.37 billion yuan, up 9.1% year-on-year, with a net profit of 1.27 billion yuan, an increase of 0.6% year-on-year [2][4][9]. Market Position and Strategy - The company is actively expanding its external customer base, with revenue from customers outside of SAIC Group accounting for 62.2% of its main business in 2024, an increase of 8.4 percentage points year-on-year. The sales growth rate for the top ten external vehicle customers reached 38% year-on-year [9]. - The company is leveraging the trend of electric vehicle transformation, with 75% of the new business orders related to new energy vehicles by the end of 2024, and over 50% of the supporting amount from domestic independent brands [9]. Future Outlook - The company aims for a revenue target of 170 billion yuan in 2025, with an expected year-on-year growth of 0.7% and a planned gross margin of over 12.9%, an increase of more than 0.8 percentage points year-on-year. The dividend payout ratio for 2024 is projected at 37.7%, corresponding to a dividend yield of 4.5% [9]. - Expected net profits for 2025-2027 are projected to be 6.98 billion, 7.31 billion, and 7.77 billion yuan, respectively, with corresponding valuations of 8.2X, 7.8X, and 7.4X [9].

编号：2025-002 证券代码：300695 证券简称：兆丰股份 浙江兆丰机电股份有限公司 投资者关系活动记录表 2、公司在高端工业轴承领域已有布局，目前进展情况如何？ 回复：公司在主营业务稳步经营的基础上，凭借自身多年在轴承行业丰 富的经验积累，以及与浙江大学高端装备研究院等科研院所的紧密合作，积 极布局高端工业轴承领域，目前公司已有盾构滚刀轴承（单元）、高速电机 轴承等产品在研发或试验阶段，盾构滚刀轴承（单元）已在项目场地顺利完 成多项试验验证。后续发展中，公司将进一步加强高端工业轴承技术储备， | 投资者关系活动 | 特定对象调研 | | □分析师会议 | | | | | --- | --- | --- | --- | --- | --- | --- | | 类别 | □媒体采访 | | □业绩说明会 | | | | | | □新闻发布会 | | □路演活动 | | | | | | 现场参观 东方财富 | 周旭辉 | 其他 东方财富 | （请文字说明其他活动内容） 李京波 | 东方财富 | 唐 硕 | | | 东方财富 | 李章龙 | 华鑫证券 | 林子健 | 汇添富基金 | 李宁 | | | ...

Core Viewpoint - Nissan Motor Co. has reported a significant financial downturn, transitioning from profit to a comprehensive loss for the fiscal year ending March 31, 2025, primarily due to foreign exchange fluctuations, increased material costs, and declining sales performance [1][4]. Financial Performance - For the fiscal year 2024, Nissan's global sales reached 3.346 million units, a nearly 3% decrease year-on-year [1]. - The company's consolidated net sales amounted to 12.6 trillion yen (approximately 612.61 billion RMB), reflecting a year-on-year decline of 0.4% [1]. - Operating profit was recorded at 69.8 billion yen (approximately 3.39 billion RMB), with the operating profit margin dropping to 0.6% [1]. - Nissan reported a net loss of 670.9 billion yen (approximately 32.62 billion RMB) for the fiscal year [1]. Market Challenges - The decline in sales in the Chinese market has been a significant factor contributing to Nissan's overall sales drop, with sales in the China region approximately 690,000 units, nearly halving from 1.13 million units three years ago [4]. - Compared to Toyota's profit decline of nearly 200 billion yen over two fiscal years, Nissan's profit fluctuation exceeding 1 trillion yen highlights the severe market pressures it faces beyond foreign exchange issues [4]. Strategic Adjustments - New CEO Ivan Espinosa has indicated that Nissan is at a critical juncture and has announced a new adjustment plan focusing on three key measures: cost reduction for breakeven, redefining product and market strategies, and strengthening partnerships [9][10]. - The cost reduction plan aims to achieve approximately 500 billion yen (around 24.39 billion RMB) in savings, with equal contributions from variable and fixed costs [10]. - Specific measures include closing factories and laying off 20,000 employees, with 65% of layoffs coming from manufacturing [10]. Market Strategy and Collaborations - Nissan plans to consolidate its production of pickup trucks from Argentina to Mexico and has restructured its operations in India with Renault [10]. - The company is considering integrating Chinese suppliers into its manufacturing ecosystem outside of China to enhance performance [11]. - Despite the challenges, Nissan continues to maintain collaborations in vehicle intelligence and electrification with Honda, while exploring new partnerships with other Japanese automakers to address the U.S. market's tariff uncertainties [11].

转自：北京日报客户端 摩旅的风靡，与摩托车产业科技创新双向奔赴。电动摩托车凭借零排放、低成本的突出优势，加快融入 人们的日常出行，业界预测到2030年其全球市场规模将超千亿美元；一系列智能化技术的融入，为摩托 车骑行带来更新奇的体验，还提升了安全保障水平。 配备快充技术，可打破续航焦虑。部分高端电动摩托车品牌，通过不断优化电池技术与充电策略，具备 长续航与快充能力，可实现续航400公里、30分钟快充的效果。 在技术路线的多元探索中，氢能源打开了新的想象空间，部分企业加快开发、试生产氢燃料电池摩托 车。重庆摩企隆鑫通用在行业率先研发搭载氢燃料电池的全地形车，集成了先进的氢燃料电池技术，电 堆比功率达2.2kW/kg，实现高效、清洁、安全的新能源动力输出。 在能源动力类型转换的同时，随着操作方式变革，自动挡加快普及，重构摩托车行业格局。类似于汽车 行业从手动挡向自动挡转变，摩托车领域也迎来了自动挡技术的广泛应用。 在重庆宗 申产业集团有限公司，工作人员在发动机生产线上作业 黄伟 摄 技术赋能之下，摩托车正从传统燃油机械转变为智能电动载具，从生产、交通工具进化为都市青年的潮 玩项目，既重塑了出行形态，也让这一传统产 ...

就在上周，福特公开表示，受美国对进口汽车及零部件加征关税影响，公司面临15亿美元额外成本，被 迫下调全年业绩预期，并警示"关税政策对全行业供应链造成重大短期风险"。 此次人事调整恰逢福特终止代号为FNV4的整车电子架构研发项目——该项目因成本超支和进度延误被 叫停，其初衷是解决车辆软件系统碎片化难题。当前福特各车型搭载的模块化软件由不同供应商开发， 导致整车系统整合与无线更新面临技术瓶颈。 福特在声明中强调，裁员实为"优化车联网软件团队配置，确保人才结构匹配全球顶尖智能网联汽车开 发需求，过程中将涉及部分员工离职"。 据内部人士透露，公司软件架构团队正转向"分布式智能系统"研发：通过多个小型控制单元分管特定功 能模块，同时保持与中央计算平台的通信，这种设计既能实现快速无线升级，又可减少复杂线束布局。 对此，资本市场反应出现分化。周二盘初福特股价短暂下挫后企稳，最终以持平报收。 行业分析师指出，在电动化转型关键期，传统车企正面临"三重挤压"：既要应对贸易政策带来的成本波 动，又需持续投入软件研发以追赶特斯拉等新势力，同时还要平衡传统业务与新兴领域的资源配置。 智通财经APP获悉，福特汽车(F.US)宣布将裁减3 ...

（图片来源：摄图网） 5月12日，日本三大车商4月在华新车销量全部出炉。其中，丰田汽车4月在华新车销量比上年同期增加 20.8%，达到142,800辆，且连续3个月同比上升。增长主要得益于丰田在新能源领域的布局，特别是混合动 力车(HV)和纯电动汽车(EV)的销量增长。 然而，与丰田形成鲜明对比的是，本田和日产汽车却深陷销量下滑的泥沼。本田4月在华销量减少40.8%， 降至43,689辆;日产减少15.7%，为46,295辆，且本田销量连续15个月、日产销量连续13个月同比下滑。 近日，日产汽车正计划裁减1.1万人，加上之前的9000人，这一轮裁员风波将使日产裁掉2万人，占员工总数 的15%。不仅如此，日产还宣布将关闭三家工厂。前CEO内田诚承认，日产如今的困境与管理层做了不少错 误决策有关，其中错判电动化节奏便是关键因素之一。 日产2010年就推出了全球首款量产纯电动车聆风，堪称起了个大早。但当电动化热潮席卷全球，特斯拉 Model 3横扫市场时，日产却因在电动化和智能化研发投入上举棋不定，错失了发展良机。 2023年，全球新能源汽车行业市场规模达到了5052.67亿美元，近五年复合增速高达35.41%。 ...

5月13日，日产汽车公司发布2024财年（2024年4月至2025年3月）财报。数据显示，日产汽车 2024财年净亏损6708亿日元。 此外，日产汽车公司宣布，包括去年11月公布的裁员9000人的计划在内，到2027财年（2027年4月 至2028年3月），在日本国内外共裁员2万名员工，约占该公司员工总数的15%；到2027财年为 止，将把该公司全球工厂数从17家缩减到10家。 据新华社报道，日产汽车高层曾换帅应对经营压力。日产汽车公司3月11日宣布，决定自4月1日起 对公司高层进行调整，现任社长内田诚的职位届时将由目前的首席规划官伊万·埃斯皮诺萨接替。 值得注意的是，在今年2月13日，由于分歧无法弥合，日本汽车制造商本田汽车公司和日产汽车公 司决定终止双方合并谈判。这意味着日本汽车界的最大整合宣告流产。 资料图。本文来源：21世纪经济报道 日产汽车财报披露巨额亏损，计划全球裁员2万人 据新华社援引日本媒体报道，本田与日产在各自持股比例等问题上未能达成一致，最终导致谈判停 止。 当前全球汽车产业电动化、智能化浪潮风起云涌，传统汽车制造商面临重大挑战。此间媒体与专家 普遍认为，本田与日产单独发展都将面临严峻形势 ...

浙江世宝股份有限公司投资者关系活动记录表 编号：2025-002 投资者关系活动类 别 □特定对象调研 √分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人 员姓名 国联民生证券 高登 国联民生证券 于健 国联民生证券 裴婉晓 华安基金 孔涛 浙商资管 吴文钊 金鹰基金 曾嘉诚 德邦基金 汪宇 富国基金 冯升 PAG 投资 严珉昱 摩根士丹利 胡景颢 千合投资 孙珂 时间 2025 年 05 月 12 日（星期一）下午 16:30-17:30 地点 中国浙江省杭州市钱塘区１７号大街 6 号 上市公司接待人员 姓名 董事会秘书刘晓平女士 投资者关系活动主 要内容介绍 1、问：公司 2024 年度及 2025 年一季度营收和净利润都 同比大幅增长，增长的主要是哪些具体业务板块或者产 品品类驱动的？ 答：公司营收的增长，主要受益于产品结构优化、单车 配套价值提升两大核心驱动因素，以及多元化客户拓 股票代码：002703 股票简称：浙江世宝 | 展。利润增长主要受益于公司业务规模扩大的同时，各 | | --- | | 项费用控制有效，占营收 ...