核心观点 汽配板块稀缺多品类龙头供应商，深度受益于全球化客户布局及产品扩张 敏实集团是全球汽车外饰龙头、全球最大电池盒及车身结构件供应商，1999年开始生产乘用车金属饰条等汽车外饰件并逐步拓展业务，目前在车端具备车身结构系统、 塑件系统、铝饰条、金属饰条四大事业部，通过全球77家工厂和办事处配套全球逾80个汽车品牌。同时抓住AI浪潮下产业升级，布局机器人+液冷+低空业务加速兑现第 二成长曲线。 增量一：外饰龙头地位稳固，现金流支撑新品研发 公司以外饰业务起家，完善具备1）以铝饰条、行李架为核心的铝件BU；2）格栅、尾门等注塑件为核心的塑件BU；3）弹性材料与不锈钢复合的金属饰条BU。多年占 据全球车身饰条和行李架赛道市占率第一；2024年合计实现收入162.7亿元，同比+6%。稳定现金流支撑公司推进智能前端模块、车身密封件等新品研发。 增量二：电池盒份额加速兑现，率先受益于欧洲新能源加速 公司2016年开始探索电池盒业务，2020年获德国大众MEB平台定点，截至2024年实现53亿元收入，是全球最大铝电池盒供应商之一。公司目标市场明确，2024年从欧 洲获取60%+电池盒业务收入，占据当地市场30%+份额。我 ...

Group 1 - Berteli plans to acquire a total of 50.9727% of Yubei Turning from multiple shareholders, including Junhong Industrial, Ningbo Fengyuan, Hefei Huaxin, and Hefei Chanchuang [1] - The acquisition includes specific shares: 30.4365% from Junhong Industrial, 15.0817% from Ningbo Fengyuan, 3.6364% from Hefei Huaxin, and 1.8182% from Hefei Chanchuang [1] - Additionally, Dongjun Industrial will acquire 7,248,800 shares from Hangzhou Huaxin (3.6364% of Yubei Turning) and 953,673 shares from Xinxiang Juxian (0.4784% of Yubei Turning) [1] Group 2 - Yubei Turning specializes in the R&D, production, and sales of automotive steering systems and key components, serving as a first-tier supplier with strong operational performance and a solid customer base [2] - The acquisition is expected to create significant synergies in technology, market presence, and scale between Yubei Turning's products and Berteli's existing automotive steering products [2] - This investment will enhance Berteli's product line in automotive safety systems, improve customer service capabilities, and strengthen market competitiveness, while also boosting profitability [2] - Following the acquisition, Berteli will become the controlling shareholder of Yubei Turning, which will be included in Berteli's consolidated financial statements [2]

Summary of Key Points Group 1: Share Buybacks - Jinkai New Energy plans to repurchase company shares worth between 500 million to 600 million yuan and subsequently cancel them [3] - Sainuo Medical intends to repurchase company shares valued at 15 million to 30 million yuan [3] - Guotai Environmental aims to repurchase shares worth 50 million to 100 million yuan for employee stock ownership plans or equity incentives [3] - Wens Foodstuff Group plans to repurchase shares valued at 800 million to 1.2 billion yuan for employee stock ownership plans or equity incentives [3] Group 2: Share Reductions - Fuda Co. plans to reduce its holdings by no more than 1% of the repurchased shares [5] - Taoli Bread's controlling shareholder and concerted parties plan to reduce their holdings by no more than 3% [5] - Tuo Ri New Energy's controlling shareholder Aoxin Investment intends to reduce its holdings by no more than 3% [5] - Huasheng Technology's deputy general manager plans to reduce holdings by no more than 0.0417% [5] - Sichuan Gold's shareholder Beijing Jinyang plans to reduce holdings by no more than 2.12% [5] - Longhua New Materials' shareholder Xinyu Longzhen intends to reduce holdings by no more than 1.63% [5] - Bidding Co.'s shareholder Longhai Investment plans to reduce holdings by no more than 3% [5] - Tianshan Aluminum's actual controllers intend to reduce holdings by no more than 2% [5] - Baisheng Intelligent's shareholder Xi Weining plans to reduce holdings by no more than 3% [5] - Gree Electric's largest shareholder Zhuhai Mingjun intends to reduce holdings by no more than 2% [5]

每经AI快讯，伯特利2月25日晚间发布公告称，公司第四届第十四次董事会会议于2026年2月24日在公 司五楼会议室以现场及通讯相结合的方式召开。会议审议了《关于收购豫北转向系统（新乡）股份有限 公司控股权的议案》等文件。 每经头条（nbdtoutiao）——超10万人挤爆服务器，围观8家房企抢"马场"：9小时竞价243轮，236亿元 成交！广州楼面价新地王诞生：8.5万元/㎡ （记者 王瀚黎） ...

Core Viewpoint - Bertli plans to acquire a controlling stake of 50.9727% in Yubei Steering System Co., Ltd. through a share transfer agreement with several stakeholders, positioning itself as the controlling shareholder post-acquisition [1] Group 1: Acquisition Details - The acquisition involves stakeholders including Junhong Industrial Co., Ltd., Ningbo Fengyuan Equity Investment Partnership, Hefei Huaxin Cloud Automotive Electronics Investment Partnership, and Hefei Chantuo High Growth No. 1 Equity Investment Partnership [1] - Upon completion of the acquisition, Bertli will become the controlling shareholder of Yubei Steering [1] Group 2: Company Profile - Yubei Steering is a first-tier automotive parts supplier specializing in the research and production of automotive steering system products [1] - The company has demonstrated good operational performance, a strong customer base, and solid technical expertise [1] - Its main products include electronic power steering systems, hydraulic power steering systems, and steering system components [1]

Group 1 - Berteli plans to acquire a total of 50.9727% shares of Yubei Turning from multiple shareholders, including Junhong Industrial, Ningbo Fengyuan, Hefei Huaxin, and Hefei Chanchuang [1] - The acquisition includes 30.4365% from Junhong Industrial, 15.0817% from Ningbo Fengyuan, 3.6364% from Hefei Huaxin, and 1.8182% from Hefei Chanchuang [1] - Additionally, Dongjun Industrial will acquire 7,248,800 shares from Hangzhou Huaxin (3.6364% of Yubei Turning) and 953,673 shares from Xinxiang Juxian (0.4784% of Yubei Turning) [1] Group 2 - Yubei Turning specializes in the R&D, production, and sales of automotive steering systems and key components, serving as a first-tier supplier with strong operational performance and a solid customer base [2] - The acquisition is expected to create significant synergies in technology, market presence, and scale between Yubei Turning's products and Berteli's existing automotive steering products [2] - This investment will enhance Berteli's product line in automotive safety systems, improve customer service capabilities, and strengthen market competitiveness, while also boosting profitability [2] - Following the acquisition, Berteli will become the controlling shareholder of Yubei Turning, which will be included in Berteli's consolidated financial statements [2]

证券日报网2月25日讯，超捷股份（301005）在接受调研者提问时表示，汽车紧固件领域入门门槛较 低、中小规模企业居多，但由于汽车主机厂及Tier1客户的合格供应商资质审核，很多中小紧固件厂商 无法通过合格供应商认证，只有大型紧固件厂商能通过主流主机厂审核，目前汽车紧固件市场份额有向 头部企业集中的趋势。 ...

证券日报网2月25日讯，超捷股份（301005）在接受调研者提问时表示，一辆中级乘用车单车紧固件价 值量市场预估在2千元左右，公司产品定位在中小尺寸紧固件，相对附加值更高，中小尺寸紧固件连接 件单车价值量预估在800元左右。 ...

Group 1 - The article highlights the target price increases for various listed companies from February 9 to February 23, with notable increases for Xinwanda (300207) at 60.28%, Hunan YN (301358) at 55.79%, and Jingchen Co. (688099) at 48.74% [1][2] - A total of 70 target price adjustments were made by brokerages during this period, indicating a strong interest in these companies [2] - The companies with the highest number of brokerage recommendations include Yutong Technology (002831), Top Group (601689), and Junda Co. (002865), each receiving four recommendations [3][4] Group 2 - Three companies had their ratings upgraded during this period, including Haomai Technology (002595) from "Hold" to "Buy" by Guotou Securities, Jiechang Drive (603583) from "Hold" to "Buy" by Jianghai Securities, and Zhongwei Semiconductor (688380) from "Increase" to "Buy" by Zhongyou Securities [6][7] - Two companies experienced rating downgrades, with Jiuyi Co. (300994) downgraded from "Buy" to "Hold" by Tianfeng Securities and Deyuan Pharmaceutical downgraded from "Buy" to "Increase" by Shenwan Hongyuan Group [6][7] - A total of 81 first-time coverage ratings were issued, with notable mentions including Keshun Co. (300737) rated "Increase" by Shenwan Hongyuan Group and Huijia Times (603101) rated "Buy" by Dongfang Securities [7][8]

编号 2026-010 超捷紧固系统(上海)股份有限公司 投资者关系活动记录表 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会 | | 类别 | 新闻发布会 路演活动 | | | 现场参观 其他 策略会 | | | 上海明溪资产管理有限公司 尹琴；上海沃珑港投资管理合伙企业 | | | (有限合伙) 张逸枫；世诚投资 邹文俊；东吴基金 楼盛；中金资管 | | 参与单位名称及人员 | 韩诚；友邦资产 黄怿炜；国泰基金 王宗凯；山西证券 薛淏天；弥 | | 姓名 | 远投资 许鹏飞；恒越基金 廖明兵；摩根基金 许凡；浦赢资产 陈 | | | 超；海创基金 樊生龙；海通资管 蔡骏临；湖南万泰华瑞投资管理 | | | 有限责任公司 张弛；野村东方国际证券有限公司 吴刚祥；金元顺 | | | 安基金 沈丹璇；长江证券 万延燊；西部证券 牛先智。 | | 时间 | 2026年2月25日 下午14:00-15:00 | | 地点 | 浦东凯宾斯基会议厅 | | 上市公司接待人员 姓名 | 1、公司董事会秘书、财务总监 李红涛 | | | 1、公 ...