2.公司是否有牌照资质的优势？是否得到了有关部门的定 点测试资质？ 答：（1）汽车试验场行业本身对场地运营没有普遍性的特 殊牌照资质要求。公司作为国内主要的第三方汽车试验场，是 国家认可实验室（CNAS L9272）、工业和信息化部认可的汽车 新产品公告测试场地、交通运输部认可的道路运输车辆油耗及 安全测试场地、欧盟认证的轮胎噪声和湿抓地测试场地。资质 不是汽车试验场行业竞争的主要壁垒，公司优势主要在于场地 规模、测试功能覆盖的全面性、技术指标的先进性、服务能力 和品牌信誉等方面。（2）公司是国家及地方相关部门在智能网 联汽车、新能源汽车等前沿技术领域重要的测试验证基地合作 伙伴。我们是国家技术标准创新基地(汽车)一智能网联汽车测 试场景标准验证创新中心，是江苏省新能源汽车及智能网联汽 车测试工程研究中心。 证券代码：301215 证券简称：中汽股份 中汽研汽车试验场股份有限公司 投资者关系活动记录表 编号：2025-006 | 投资者关系活 | ☑特定对象调研 □分析师会议 | | --- | --- | | 动类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | ☑现场参观 ...

Core Viewpoint - The company has completed the registration of the 2023 restricted stock incentive plan, which aims to motivate and retain key personnel through stock incentives [1][5][12]. Summary by Sections Approval Procedures - The company has followed the necessary approval procedures for the 2023 restricted stock incentive plan, including resolutions passed by the board and supervisory committee [1][2][3]. Granting of Restricted Stocks - The names and positions of the initial grant recipients were publicly disclosed through the company's internal OA system, with no objections received during the public notice period [2][4]. - A total of 150,000 shares were granted to key personnel, with specific allocations to individuals such as the General Manager and other senior executives [6][12]. Financial Impact - The total amount raised from the stock incentive plan is 5,580,000 RMB, which will be used to supplement the company's working capital [13]. - The company's total share capital increased from 1,322,400,000 shares to 1,323,900,000 shares following the stock grant [16]. Performance Conditions - The performance conditions for the release of the restricted stocks include achieving a total asset return rate of no less than 6.62% by 2025 and a compound growth rate of profit no less than 10% from 2023 to 2026 [11][12]. - The individual performance assessment will determine the percentage of stocks that can be released for each recipient based on their performance scores [12][18]. Accounting and Cost Implications - The fair value of the granted restricted stocks will be determined based on the difference between the closing price on the grant date and the grant price, impacting the company's financial statements [17]. - The estimated total expense for the granted stocks will be amortized over the years, affecting the net profit during the effective period of the incentive plan [17][18].

Core Viewpoint - The company, Zhongqi Co., Ltd. (301215), is positioned as a leading third-party automotive testing facility in China, focusing on providing comprehensive testing services for the automotive industry, with a strong emphasis on both traditional and advanced technologies [2][3]. Group 1: Company Overview - Zhongqi Co., Ltd. was established in 2011 and has undergone a series of reforms leading to its listing on the Shenzhen Stock Exchange in March 2022, marking a significant milestone for the company [2]. - The company primarily serves automotive manufacturers, testing institutions, and component suppliers, providing a range of testing services [9]. Group 2: Market Position and Competition - The domestic automotive testing market is characterized by both proprietary testing facilities owned by automotive manufacturers and independent third-party testing facilities. Third-party facilities, like Zhongqi, are noted for their operational efficiency and diverse testing capabilities [3]. - Major competitors include Beijing Transportation Ministry Highway Traffic Testing Ground, Anhui Dingyuan Automotive Testing Ground, and Xiangyang Automotive Testing Ground [3]. Group 3: Testing Facilities and Capabilities - The company operates two main testing facilities: the first focuses on traditional automotive performance validation, while the second, located in the Yangtze River Delta, specializes in intelligent connected vehicles and autonomous driving tests [4]. - The first testing facility is expected to see an increase in capacity utilization in 2024, with projected revenue of 400 million yuan, reflecting a 12.16% increase from the previous year [4]. Group 4: Revenue Structure and Financial Performance - The revenue structure indicates that approximately 85% of the company's income comes from research and testing services, while 15% is derived from inspection services [7]. - In the first quarter of 2025, the company reported a main revenue of 88.02 million yuan, a year-on-year increase of 29.92%, and a net profit of 28.98 million yuan, up 23.92% [9]. Group 5: Client Relationships and Collaboration - The company maintains strong relationships with various testing institutions, with its largest client being the China Automotive Technology and Research Center [5][6]. - The collaboration with the China Automotive Technology and Research Center involves providing testing environments for regulatory certification and research testing [5][6]. Group 6: Future Outlook and Dividend Policy - The company has consistently prioritized shareholder returns, having implemented cash dividends for four consecutive years, with a projected payout ratio of 61.10% of net profit for 2024 [8]. - Future dividend policies will be determined based on operational performance and long-term funding strategies [8].

Group 1: Company Performance and Financials - The company plans to distribute a cash dividend of RMB 0.52 per share for the fiscal year 2024, totaling RMB 68.76 million, which represents 61.10% of the net profit attributable to shareholders [3] - The company has gradually increased its cash dividend payout over the past three years, with distributions of RMB 30.42 million, RMB 71.41 million, and RMB 100.50 million from 2021 to 2023 [5] - The net profit change is minimal due to increased fixed costs from the newly operational Yangtze River Delta (Yancheng) intelligent connected vehicle testing facility [4] Group 2: Capital Expenditure and Investment Plans - Current capital expenditures are primarily for settling the remaining costs of the Yangtze River Delta intelligent connected vehicle testing facility [3] - Future capital expenditures will be arranged based on market demand and strategic planning [3] Group 3: Market Position and Strategic Initiatives - The company has signed contracts with multiple clients for the intelligent connected vehicle testing facility, laying the groundwork for capacity release [4] - The company is developing capabilities for low-altitude economy, including a testing platform for flying vehicles and a low-altitude flight monitoring platform [4] Group 4: Shareholder Relations and Market Management - The company emphasizes high-quality information disclosure and has received an A-level evaluation from the Shenzhen Stock Exchange for two consecutive years [5] - The company is considering stock buybacks in response to market conditions, with plans to evaluate this based on future strategic developments [6]

在汽车产业向智能化、网联化加速转型的浪潮下，试验场正成为行业发展不可或缺的一环。记者近日实 探中汽股份（301215）旗下长三角（盐城）智能网联汽车试验场（以下简称"试验场"）发现，这个斥资 15亿元打造的项目，不仅填补了国内智能网联汽车系统性验证平台的空白，更以全球首个智能网联隧 道、智能网联复杂环境多维模拟平台等多个首创性设施，构建起覆盖"车-路-云-网-图"的立体化验证体 系。该项目不仅面向汽车，更涵盖了综合能源站、低空飞行器等交通环境的参与者，俨然是未来交通 的"仿真社会"。 《中汽股份"十四五"发展规划》明确，公司将围绕智能网联汽车试验"三支柱"法，努力构建"仿真-场地- 道路"全景技术服务能力。未来，试验场将如何围绕打造世界一流汽车研发测试平台和全球智能交通系 统"中国样本"付诸实践？带着这些关键问题，记者专访了中汽股份总经理张子鹏。 证券时报记者：试验场的建设初衷是什么？随着试验场建成并实现常态化运营，它展现了哪些亮点？ 张子鹏：在试验场建成之前，我国缺少一个大型、综合测试平台，来解决智能网联汽车正式上路前的各 种问题，突出的问题有技术难以验证、迭代更新较慢等。 2020年，中汽股份敏锐地捕捉到 ...

中汽股份 20250427 摘要 • 中汽股份 2024 年营收突破 4 亿元，同比增长约 12%，净利润稳步增长约 1%，扣非后净利润增长约 4.67%。毛利率稳定在 70%左右，净利率在 40%左右。经营活动净现金流 2.43 亿元，资产负债率约 16%。 • 2025 年一季度，公司营收 8,801.73 万元，同比增长近 30%；归母净利 润 2,897.63 万元，同比上升 24%。但二期项目投入运营前期固定成本消 化影响毛利率有所下降。 • 长三角盐城智能网联汽车实验场于 2024 年 7 月逐步投入使用，具备飞行 汽车测试能力，并建设越野车路等新场景，预计年底投入使用，将成为公 司新的增长点。 • 公司与国内 60%的新势力及新能源企业、60%的中国品牌乘用车客户以 及 35%的国内外主流商用车轮胎企业保持合作。 • 公司围绕智能网联汽车构建仿真场地与道路全场景测试服务能力，提供从 虚拟仿真测试到实车封闭测试，再到开放道路测试的一体化服务。 • 预计 2025 年管理费用、销售费用和财务费用不会有显著变化。智能网联 项目转固后，预计 2025 年全年折旧大约在 4,000 万到 5,000 万之 ...