证券日报网1月9日讯 ，鑫源智造在接受调研者提问时表示，2024年8月公司控股股东变更为东方鑫源集 团，2025年8月公司更名，从"丰华股份"变更为"鑫源智造"。公司通过经营范围调整、业务结构优化， 确立了"轻量化+智能化"双主业发展格局，从单一镁铝合金轻量化部件供应商，向"轻量化+智能化"双轮 驱动的智能装备企业战略转型，未来致力于构建起"材料-场景-智能"三位一体的产业生态体系。转型并 非简单业务叠加，而是基于行业趋势、自身优势、政策导向等多维度研判，通过品牌与定位升级、经营 范围扩容、业务结构协同、构建产业生态等四大核心举措有序推进，通过2年至3年的不断投入与能力建 设，实现公司业务能级、盈利水平与抗风险能力的全面跃升。 （编辑 丛可心） ...

Core Viewpoint - Xinyuan Intelligent Manufacturing (鑫源智造) is expanding its business and enhancing its competitiveness through strategic investments in production capacity and international market expansion [1][2]. Group 1: Business Expansion and Investments - The company plans to raise up to 140 million yuan through a simplified procedure to upgrade its magnesium alloy production line, which is expected to significantly increase production capacity and generate an additional annual sales revenue of approximately 292 million yuan [2]. - A new subsidiary will be established in Vietnam to build a production base for agricultural machinery, with an initial investment of about 6.9444 million USD (approximately 50 million yuan) [3][4]. - The total investment for the magnesium alloy production line upgrade is estimated at 222 million yuan, with a construction period of 24 months [2]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 474 million yuan, a year-on-year increase of 343.67%, and a net profit of 5.7951 million yuan, up 24.76% [6][7]. - The gross profit margin has shown a stable upward trend, with figures of 11.61%, 15.33%, and 12.76% for the years 2023 to the first nine months of 2025 [6]. - The company’s revenue from its magnesium-aluminum alloy components business increased by 20.67% year-on-year, while the agricultural machinery segment generated 362 million yuan in revenue [7]. Group 3: Strategic Direction - The company has undergone a strategic transformation focusing on "lightweight and intelligent" dual drivers, aiming to enhance its core business in outdoor equipment and expand its product offerings [6]. - The restructuring of the company, including the transfer of 51% equity of Xinyuan Agricultural Machinery to Xinyuan Intelligent Manufacturing, aims to improve its business scale and risk resilience [5].

Core Viewpoint - The company has rebranded to "Xinyuan Intelligent Manufacturing" and unveiled a new strategy focused on becoming a leading brand in lightweight intelligent equipment for outdoor operations, emphasizing a dual focus on "lightweight + intelligence" [1][2] Group 1: Business Strategy - The company aims to transform its agricultural machinery business towards deep "intelligent" upgrades and enhance its magnesium-aluminum business by reinforcing "lightweight" technological advantages [1][2] - The strategic direction includes a comprehensive upgrade of business structure and development momentum, with a reported revenue growth of 388% and a net profit increase of 284% in the first half of the year [2] Group 2: Corporate Development - Xinyuan Group became the controlling shareholder of Xinyuan Intelligent Manufacturing in August 2024, transferring 51% of Chongqing Xinyuan Agricultural Machinery Co., Ltd. to the listed company [2] - The company is expanding its main business from magnesium-aluminum alloy automotive parts to include research, production, and sales of agricultural machinery, general machinery, and garden machinery products [2] Group 3: Collaborative Efforts - The company is forming a vertical supply chain system that integrates "complete vehicles + components," enhancing synergy with Xinyuan Group's operations [2] - The collaboration with institutions like the Chinese Academy of Sciences and companies such as CATL and Tencent aims to establish a cross-disciplinary R&D team covering materials science, artificial intelligence, and robotics [3] Group 4: Future Outlook - The company plans to focus on outdoor operational scenarios, developing intelligent equipment products and building a three-in-one industrial ecosystem [3] - Future innovations will target smart agricultural machinery, lightweight intelligent equipment, and data intelligence processing, with the goal of becoming a leading brand in lightweight intelligent equipment for outdoor operations [3]

Group 1: Market Trends - The spring lingerie market is experiencing three major trends: functional verticalization, scene precision adaptation, and value-based marketing [4] - Brands like Ubras, Catman, and Youkeshu are focusing on specific scenarios such as workplace, regional protection, and sports yoga with their unique selling propositions [4][5] - Ubras launched a "No-Bound Workplace" series for Women's Day, utilizing size-free technology to address the fit issues of women's undergarments in professional settings [4] Group 2: Consumer Preferences - Consumers are seeking not only functional attributes like moisture-wicking and high elasticity but also cultural identity and emotional value in lingerie, transforming the category from mere clothing to lifestyle solutions [5] - Brands are engaging in value-based marketing, with Ubras redefining lingerie consumption meaning by emphasizing "self-appreciation" for women [4] Group 3: Product Innovations - The luggage market is shifting towards lightweight and smart designs, driven by increased travel demand during the spring season [6] - Brands like Horizon 8 are promoting lightweight carry-on luggage with high durability and minimalist design, catering to young consumers' spontaneous travel needs [6] Group 4: Jewelry Market Dynamics - The jewelry brand China Gold is leveraging a dual strategy of investment attributes and cultural rituals to attract consumers during the wedding season amidst fluctuating gold prices [7] - New Chinese design elements are being incorporated into gold jewelry to appeal to younger consumers seeking a sense of ritual and cultural identity [7] Group 5: Index Reports - The Consumer Index Report by Shiyan Index aims to objectively present trends in the consumption world, helping industries and brands track market trends and enhance competitive strength [8] - The report continuously monitors 12 major industries, including 3C digital, apparel accessories, and beauty products [9]