投资者关系活动类 别 ☑ 特定对象调研 □媒体采访 □新闻发布会 ☑ 现场参观 □分析师会议 □业绩说明会 □路演活动 □其他（电话会议） 活动参与人员 国投证券 潘子仪、胡智宁、沈家达、薛柯心、郭柯柯、任芷 萱 其他人员 骆雨菡、潘晓明、仰长斌、陆剑鸣、孙文琴、夏根 源、陶学健、李岱殷 国泰海通 谢华 张超 朱钰滢 周艳 其他人员 周忠清 骆金奇 陆柏军 张建华 时间 2025 年 11 月 13 日 10:00-11:30 地点 浙江夏厦精密制造股份有限公司三楼会议室 上市公司接待人员 董事会秘书 张波杰 财务总监 邱麟凯 技术部副经理 谢桂平 证券事务代表 顾文杰 形式 现场交流 交流内容及具体问 答 记录 公司董事会秘书张波杰介绍了公司的基本情况及主要业 务。 投资者问答： 问题 1：公司 2025 年前三季度公司经营情况？ 答：2025年前三季度公司实现营业收入为57,462.17万元 ，较上年同期增长24.66%，主要原因为公司积极拓展市场 | 致公司营业收入增加；2025年前三季度实现归属于上市公 | | --- | | 司股东的净利润2528.85万元，较上年同期下降47.02%， | | 2 ...

Core Viewpoint - Under intense market competition, Xiasha Precision (001306.SZ) is facing performance pressure and has announced a refinancing plan to seek breakthroughs [1] Group 1: Financing Plan - Xiasha Precision plans to raise up to 800 million yuan through a private placement of shares to specific investors, with funds allocated to key projects including the industrialization of core components for intelligent transmission systems [2][3] - This is the first refinancing plan since the company's IPO in November 2023, where it raised 750 million yuan by issuing 15.5 million new shares [2] Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 575 million yuan, a year-on-year increase of 24.66%, but net profit decreased by 47.02% to 25.29 million yuan [1][4] - The gross profit margin and net profit margin fell from 24.15% and 10.35% in the previous year to 18.71% and 4.4%, respectively [5] Group 3: Market Challenges - The company is experiencing increased cost pressures due to intensified competition in the automotive sector, leading to price reductions from downstream customers and changes in procurement structures [5] - Fixed costs have risen due to the implementation of fundraising projects and an increase in employee numbers, while the scale effects of these projects have not yet been realized [5] Group 4: Asset and Debt Management - As of September 2025, Xiasha Precision's total assets amounted to 2.303 billion yuan, with cash holdings of 190 million yuan and a debt-to-asset ratio of 41.81%, which has increased significantly by 9.33 percentage points from the previous year [1][5] - The company plans to use 120 million yuan from the fundraising to supplement working capital and repay debts, aiming to lower its debt ratio and optimize its financial structure [6]