公司的主要产品包括汽车精密冲压模具、动力电池箱体、轻量化车身结构件、热交换系统精密部件、底 盘系统部件、光伏逆变器、储能机柜、充电桩、数据机柜等，为汽车、光伏储能等行业的客户提供一体 化解决方案和服务。1、报告期内，公司所在行业（特别是新能源汽车、光伏储能）竞争加剧，受客户 降价压力影响，公司产品单价较上年有所下降，导致2025年度公司相关产品的销售毛利率下降。2、报 告期内，公司强化产业布局，拓展海内外网络，新设泰国、安徽芜湖、东莞厚街等生产基地，同时为布 局新兴产业增加研发投入。前述战略性扩张与前沿投入，导致本期成本费用有所增加。未来，公司将积 极采取更加有力的应对措施提升公司价值创造能力：秉承"深耕与出海双轮驱动"的核心战略，在应对国 内市场竞争的同时，公司将积极拓展北美、欧洲、东南亚等高价值市场，开辟新的增长空间；公司将聚 焦新兴赛道，加大研发投入和布局，优化公司产品矩阵；持续深化成本工程，聚焦设计改进、质量提 升、关键技术及工艺攻关、供应链管理等关键领域开展专项降本行动，持续提升公司产品的技术和成本 竞争力。 格隆汇1月27日丨祥鑫科技(002965.SZ)公布，预计2025年归属于上市公司股东的净 ...

南财智讯1月27日电，祥鑫科技发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 16800万元—20000万元，同比预减44.36%—53.26%；预计2025年全年归属于上市公司股东的扣除非经 常性损益的净利润为14900万元—18100万元，同比预减48.03%—57.22%。业绩变动原因说明：公司的 主要产品包括汽车精密冲压模具、动力电池箱体、轻量化车身结构件、热交换系统精密部件、底盘系统 部件、光伏逆变器、储能机柜、充电桩、数据机柜等，为汽车、光伏储能等行业的客户提供一体化解决 方案和服务。1、报告期内，公司所在行业（特别是新能源汽车、光伏储能）竞争加剧，受客户降价压 力影响，公司产品单价较上年有所下降，导致2025年度公司相关产品的销售毛利率下降。2、报告期 内，公司强化产业布局，拓展海内外网络，新设泰国、安徽芜湖、东莞厚街等生产基地，同时为布局新 兴产业增加研发投入。前述战略性扩张与前沿投入，导致本期成本费用有所增加。未来，公司将积极采 取更加有力的应对措施提升公司价值创造能力：秉承"深耕与出海双轮驱动"的核心战略，在应对国内市 场竞争的同时，公司将积极拓展北美、欧洲、东南亚等高价 ...

Group 1 - The signing of a major investment project worth 1.05 billion yuan for intelligent manufacturing of large displacement crankshafts marks a significant step in the industrial transformation and upgrading of the Hailing District in Taizhou [1] - The project will establish 10 intelligent production lines, with an expected annual output of 3 million crankshafts and annual sales exceeding 1.2 billion yuan, highlighting the local company's ambition for smart and green manufacturing [1] - Jiangsu Gangyang Co., Ltd., the project's main entity, has grown from producing motorcycle crankshafts to becoming a leading global manufacturer with a market share of 45% in small power shaft products [1] Group 2 - Hailing District has focused on building a modern industrial system centered around the automotive and motorcycle parts industry, supported by favorable policies and a conducive business environment [2] - The district has attracted over 100 related enterprises, with 62 large-scale industrial companies and 13 provincial-level specialized enterprises, aiming for an industrial output value of approximately 8 billion yuan in 2024 [2] - The goal is to create a complete and resilient industrial chain rather than just nurturing individual companies, leveraging the region's strong industrial foundation [2] Group 3 - Companies within the industrial ecosystem are collaborating and complementing each other's strengths, with notable examples including Linhai Group's motorcycle sales of about 30,000 units annually and Weiteli Electric's 10% market share in domestic markets [3] - The region's products are not only supplying major domestic automakers but have also successfully entered the supply chains of international brands like BMW and Honda [3] - Gangyang Co. plans to develop 10 industry champions in the fields of shaft products, aluminum, and automotive parts during the 14th Five-Year Plan period to enhance its competitiveness [3] Group 4 - The traditional automotive and motorcycle parts industry is crucial for Hailing District's transition from a single-pole to a multi-pole economic support structure [4] - The district aims to achieve breakthroughs across the entire supply chain, from individual parts to complete vehicles, through targeted project recruitment and technological upgrades [4] - The transformation of a single crankshaft can drive the elevation of a company, which in turn can activate the resilience of an entire industrial chain, reinforcing the foundation of a modern industrial system [4]

根据公司现阶段发展需求，公司拟终止2020年可转债募投的"祥鑫科技大型高品质精密汽车模具及零部 件技改项目"，并将剩余募集资金1.18亿元，用于建设2022年定增募投项目"东莞储能、光伏逆变器及动 力电池箱体生产基地建设项目"。 对于调整原因，公司介绍，祥鑫科技大型高品质精密汽车模具及零部件技改项目在实际执行过程中，因 受国际贸易争端、宏观经济波动、行业内整体市场需求变化、上下游行业周期性变化等影响，出于谨慎 性原则，公司审慎规划使用募集资金，放缓了对该项目的场地、设备、人员等的持续扩充和投入，所对 应计划投入的募集资金尚未使用完毕。 祥鑫科技指出，经评估，如果继续按原计划实施"祥鑫科技大型高品质精密汽车模具及零部件技改项 目"，短期内难以对公司现有业务产生直接经济贡献，长期来看对公司业务规模、经营效益的提升作用 也有限，不符合公司长远规划及全体投资者的利益。 公告显示，祥鑫科技2020年完成可转债发行，募资6.47亿元；2022年，公司以每股33.69元向特定对象发 行2600万股，募集资金总额为8.76亿元。 截至2025年11月26日，公司可转债募投项目中，宁波祥鑫精密金属结构件生产基地建设项目累计投入 ...

MACD金叉信号形成，这些股涨势不错！ 格隆汇12月3日｜祥鑫科技公告，公司于2025年12月3日召开第四届董事会第四十次会议和第四届监事会 第四十次会议，审议通过了《关于终止部分募集资金投资项目并将募集资金调整至其他募集资金投资项 目的议案》。同意公司终止2020年公开发行可转换公司债券之募集资金投资项目"祥鑫科技大型高品质 精密汽车模具及零部件技改项目"，并将剩余募集资金1.18亿元用于建设2022年向特定对象发行A股普通 股股票之募集资金投资项目"东莞储能、光伏逆变器及动力电池箱体生产基地建设项目"。 ...

Investment Rating - The report initiates coverage with an "Outperform" rating for the company [3][5]. Core Views - The company is a leader in the precision stamping mold and metal structural components sector, with a revenue structure heavily focused on new energy vehicles, which account for 57% of its income. The company is also expanding into emerging fields such as humanoid robots and low-altitude economy [1][7]. - The company is actively pursuing global expansion, with overseas revenue projected to reach 630 million yuan in 2024, reflecting a 13% year-on-year increase. The establishment of factories in Mexico and Thailand is expected to enhance its global footprint [2][42]. - The humanoid robot manufacturing sector is identified as a key growth area, with the company leveraging its engineering capabilities and strategic partnerships to build a comprehensive supply chain [2][46]. Summary by Sections Company Overview - Founded in 2004, the company has evolved from manufacturing components for printers to becoming a leading player in the automotive stamping mold and metal structural components industry. It has been listed since 2019 and has made significant investments in new energy vehicles and storage components [1][7]. Financial Performance - The company is projected to achieve a revenue of 6.7 billion yuan in 2024, representing an 18.3% increase year-on-year, while the net profit is expected to decline by 11.6% to 360 million yuan due to rising raw material costs and increased competition [1][25]. - The company has maintained a stable growth trajectory, with revenues increasing from 730 million yuan in 2014 to 6.7 billion yuan in 2024, reflecting a compound annual growth rate of 26.4% [25]. Product and Market Strategy - The company emphasizes research and development, allocating 4% of its revenue to R&D in 2024, and has developed over 600 patents. It aims to enhance its product offerings in the fields of new energy vehicles, storage, and humanoid robots [34][36]. - The revenue from new energy vehicles is expected to grow steadily, with projections of 4.4 billion yuan in 2025, 5 billion yuan in 2026, and 5.7 billion yuan in 2027, driven by increasing demand and technological advancements [61]. Global Expansion - The company is expanding its production capacity in Mexico and Thailand, with the Mexican factory expected to contribute significantly to profitability in the coming years. Plans for additional factories in Europe or North Africa are also underway [2][49]. - The overseas business is becoming increasingly profitable, with a gross margin of 30.3% in 2024, up 6.5 percentage points year-on-year [2][42]. Humanoid Robot Development - The company is focusing on humanoid robots as a strategic growth area, collaborating with research institutions to develop key components and solutions for this emerging market [2][46][51].

Industry Outlook - The automotive industry is undergoing transformation driven by electrification, intelligence, connectivity, and digitalization, presenting vast development opportunities [1] - The penetration rate of new energy vehicles is expected to increase significantly, with the market for household energy storage systems growing rapidly due to policy support and technological advancements [1] - The industrial and service robot markets are expanding, with service robots gaining traction in healthcare and home cleaning sectors [1][2] - The AI demand is driving growth in high-performance servers, with a gradual improvement in the domestic chip ecosystem [2] - The low-altitude economy is emerging, with eVTOL logistics and urban transportation applications increasing [2] Company Performance - In 2024, the Chinese automotive industry produced and sold 31.28 million and 31.44 million vehicles, respectively, marking a year-on-year growth of 3.7% and 4.5% [3] - The penetration rate of new energy vehicles exceeded 40%, indicating a new phase of large-scale development [3] - The company's revenue from automotive parts reached 5.002 billion CNY, accounting for 74.18% of total revenue, with a year-on-year growth of 12.86% [3] - The company achieved a revenue of 1.217 billion CNY from energy storage equipment, representing 18.04% of total revenue and a year-on-year growth of 123% [3] Financial Highlights - The company reported a total revenue of 6.744 billion CNY in 2024, reflecting a year-on-year increase of 18.25% [5] - The net profit attributable to shareholders was 359 million CNY, with a net profit margin of 5.34% [5] - In Q1 2025, the company generated revenue of 1.636 billion CNY, with a net profit margin of 5.06% [5] Growth Strategies - The company aims to enhance its competitive edge through innovation and strategic partnerships in the smart robotics and low-altitude economy sectors [4][5] - It plans to leverage its capabilities in lightweight structural components and key parts manufacturing to drive growth in the new energy sector [4][5] - The company is focused on optimizing its operational structure and maintaining stable growth in its core business areas [5]