8月27日，鑫源智造盘中下跌2.03%，截至13:53，报13.03元/股，成交7412.30万元，换手率2.50%，总市 值29.40亿元。 资金流向方面，主力资金净流出728.10万元，特大单买入0.00元，占比0.00%，卖出323.06万元，占比 4.36%；大单买入908.68万元，占比12.26%，卖出1313.72万元，占比17.72%。 鑫源智造今年以来股价涨40.49%，近5个交易日跌10.88%，近20日涨2.60%，近60日涨15.82%。 鑫源智造所属申万行业为：有色金属-工业金属-铝。所属概念板块包括：小盘、农机、股权转让、比亚 迪概念、长安汽车概念等。 截至6月30日，鑫源智造股东户数1.43万，较上期增加1.01%；人均流通股15783股，较上期增加 18.80%。2025年1月-6月，鑫源智造实现营业收入3.29亿元，同比增长388.33%；归母净利润978.70万 元，同比增长284.45%。 分红方面，鑫源智造A股上市后累计派现5020.71万元。近三年，累计派现188.02万元。 机构持仓方面，截止2025年6月30日，鑫源智造十大流通股东中，金鹰恒润债券发起式A（015 ...

风险提示：以上信息仅供参考，不构成投资建议。 公司公告显示，自2025年8月22日起，证券简称将由"丰华股份"变更为"鑫源智造"。此前公司已完成营 业执照变更，全称由"重庆丰华（集团）股份有限公司"变更为"重庆鑫源智造科技股份有限公司"。 8月19日主力资金净流入44.11万元，占流通市值比为0.01%。近五日主力资金净流出1863.07万元，占流 通市值比为0.61%。 截至2025年8月19日15时，丰华股份最新股价为13.64元，较前一交易日收盘价上涨0.24元，涨幅为 1.79%。当日开盘价为13.30元，最高触及13.75元，最低下探至13.12元，成交量为104515手，成交金额 达1.41亿元。 丰华股份主营业务涵盖镁铝合金汽车零部件等压铸产品生产销售，以及农机、通机及园林机械产品的研 发生产和销售。2024年8月东方鑫源集团入主后，公司主营业务范围有所扩展。2025年一季度数据显 示，鑫源农机营业收入已占公司总营收的79.80%。 ...

Core Viewpoint - The company has approved a plan to use up to 3 billion yuan of its own funds for securities investment, aiming to enhance fund utilization efficiency and increase investment returns for the company and its shareholders [1][4]. Group 1: Securities Investment Plan - The investment will include methods such as new share placements, stock and depositary receipt investments, bond investments, entrusted financial management, and other recognized investment activities [1]. - The investment period is valid for 12 months from the date of the board's approval [1]. - The funds used for this investment are self-owned and will not create financial pressure on the company or affect its normal operations [1]. Group 2: Company Background and Business Development - The company initially focused on the research, production, and sales of micro and small water pumps and garden machinery, later expanding into industrial pumps and smart water services through strategic acquisitions [2]. - The company has established a dual business model of "mechanical manufacturing + digital marketing" after entering the internet marketing sector in 2014 [2]. Group 3: Financial Performance and Impact of Securities Investment - In 2024, the company reported a revenue of 21.171 billion yuan, a year-on-year increase of 3.41%, but incurred a net loss of 259 million yuan primarily due to losses from its investment in Li Auto stocks [3]. - Despite the temporary impact of stock price fluctuations, the core business maintained strong competitive advantages, achieving a net profit of 161 million yuan, a 193.35% increase year-on-year [3]. - The company emphasized that the losses from stock price changes do not represent actual cash outflows and that its main business continues to show steady growth [3].

Core Viewpoint - The recent adjustment of U.S. tariffs on exports to China has prompted significant market attention, with the company proactively establishing a global production capacity layout to mitigate the impact of these tariffs through a "China + Vietnam + U.S." strategy [1] Group 1: Global Production Layout - Since 2018, the company has recognized changes in international trade dynamics and initiated overseas production capacity layout, establishing two production bases in Vietnam: Haiphong and Thai Binh, which are now operating synergistically [2] - The Haiphong factory has been operational since 2019, while the Thai Binh base, covering 50,000 square meters, has completed its first phase and is set to start the second phase, enabling it to undertake production tasks for U.S. exports [2] Group 2: U.S. Localization Strategy - The North American and European markets are the primary focus for the global garden machinery industry, with the U.S. market being particularly significant due to its high per capita green space [3] - In 2023, the company commenced operations at a production base in Tennessee, USA, focusing on localized assembly of high-value commercial products, enhancing supply chain responsiveness and service capabilities in North America [3] - The chairman emphasized that this localization strategy not only mitigates potential tariff barriers but also aligns with the company's philosophy of being close to the market and customers, allowing for timely adjustments to market demands [3] Group 3: Risk Mitigation Measures - The company has developed a comprehensive response strategy to the changing international trade environment, which includes accelerating the construction of the Vietnam production base, advancing U.S. localization, and optimizing global market sales structure to reduce reliance on a single market [4] - The chairman stated that the company has established a robust risk mitigation system through years of global layout, which will further strengthen its competitive advantage in international markets as production capacity in Vietnam and manufacturing capabilities in the U.S. expand [4] - Analysts note that the company's global strategy demonstrates foresight, with its diversified production configuration effectively addressing current tariff challenges and laying a solid foundation for sustainable long-term development [4]