（编辑 袁冠琳） 证券日报网讯 12月19日，浙江华远在互动平台回答投资者提问时表示，公司是一家专注于定制化汽车 系统连接件研发、生产及销售的高新技术企业，核心产品为异型紧固件和座椅锁。目前，公司核心产品 已广泛应用于汽车安全系统、智能电子系统等领域，是智能驾驶汽车的重要组成部分。公司深耕汽车智 能化领域，并已进入多家主流新能源汽车厂商的供应链体系。公司将持续关注行业动态与技术发展，积 极把握市场机遇，不断提升技术实力与市场竞争力，以更好地满足客户需求，为股东创造价值。 ...

格隆汇12月19日丨浙江华远(301535.SZ)在互动平台表示，公司是一家专注于定制化汽车系统连接件研 发、生产及销售的高新技术企业，核心产品为异型紧固件和座椅锁。目前，公司核心产品已广泛应用于 汽车安全系统、智能电子系统等领域，是智能驾驶汽车的重要组成部分。 公司深耕汽车智能化领域， 并已进入多家主流新能源汽车厂商的供应链体系。公司将持续关注行业动态与技术发展，积极把握市场 机遇，不断提升技术实力与市场竞争力，以更好地满足客户需求，为股东创造价值。 ...

格隆汇12月19日丨浙江华远(301535.SZ)在互动平台表示，公司核心产品异型紧固件和座椅锁已广泛应 用于汽车安全系统、智能电子系统等领域，是智能驾驶汽车的重要组成部分，并已进入多家主流新能源 汽车厂商的供应链体系。无人驾驶技术的精进，预计会对公司相关业务产生一定的正向促进作用。但新 技术的发展存在一定不确定性，建议投资者合理控制风险。 公司将持续关注行业动态与技术发展，积 极把握市场机遇，不断提升技术实力与市场竞争力，以更好地满足客户需求，为股东创造价值。 ...

Core Insights - Zhejiang Huayuan Automotive Technology Co., Ltd. reported a revenue of 541 million yuan for the first three quarters of 2025, marking an 18.64% year-on-year increase, and a net profit of 78.95 million yuan, up 29.3% [1] Industry Overview - The Chinese automotive parts industry is undergoing a profound transformation driven by electrification and intelligence, with significant changes in technology, policy, and market dynamics [1] - The government's policies, such as the "Guidance Catalog for Industrial Structure Adjustment (2024 Edition)," encourage the development of key automotive components and lightweight materials, providing clear guidance for the industry's upgrade [1] Company Performance - In the first half of 2025, Zhejiang Huayuan's diversified layout showed significant results, with core product lines such as special fasteners, standard fasteners, and seat locks achieving revenue growth of 15.33%, 14.38%, and 25.54% respectively [2] - The company shipped 10.86 million aluminum precision connectors for various sensors, reflecting a 445% year-on-year increase, showcasing its rapid penetration in emerging product areas [2] Customer Relationships - Zhejiang Huayuan has established strong partnerships with major automotive manufacturers, including Volkswagen China, GAC Honda, and Great Wall Motors, positioning itself as a first-tier supplier [3] - The company is actively expanding its customer base in the new energy sector, with new products like electric lock bolts entering mass production for brands such as Seres and Avita [3] Innovation and Technology - The company has demonstrated strong innovation capabilities, focusing on enhancing its research and development in cold heading molds, precision machining, and electric mold products [3] - A recent patent for a "depressurization-resistant rivet bolt" addresses reliability issues in traditional rivet bolts, showcasing the company's commitment to solving technical challenges [3] Competitive Advantage - Zhejiang Huayuan has built a differentiated competitive advantage through its deep accumulation in traditional fasteners and rapid expansion in new energy products [4] - The continuous optimization of product structure, expansion of quality customer resources, and stable financial performance provide a solid foundation for sustainable development and future growth [4]

Core Viewpoint - Zhejiang Huayuan (301535.SZ) has confirmed that its core product, non-standard fasteners, is being applied in Xiaomi's automotive models, positively impacting the company's performance [1] Company Performance - The application of non-standard fasteners in Xiaomi vehicles is expected to have a certain positive effect on the company's performance [1] - The company emphasizes the importance of product quality and safety, ensuring that production operations and customer collaborations are normal [1] Market Considerations - There is uncertainty regarding the sales of new vehicle models, prompting the company to advise investors to manage risks accordingly [1]

Core Viewpoint - Zhejiang Huayuan (301535.SZ) has confirmed that its core product, non-standard fasteners, is being applied in Xiaomi's automotive sector, positively impacting the company's performance [1] Company Performance - The application of non-standard fasteners in Xiaomi vehicles is expected to have a certain positive effect on the company's performance [1] - The company emphasizes the importance of product quality and safety, ensuring that production operations and customer collaborations are normal [1] Market Considerations - There is uncertainty regarding the sales of new vehicle models, prompting the company to advise investors to manage risks accordingly [1]

Core Insights - Zhejiang Huayuan experienced a decline of 1.71% in stock price on September 10, with a trading volume of 196 million yuan [1] - The company reported a financing buy-in of 15.75 million yuan and a financing repayment of 17.11 million yuan on the same day, resulting in a net financing outflow of 1.35 million yuan [1] - As of September 10, the total financing and securities lending balance for Zhejiang Huayuan was 92.74 million yuan, accounting for 7.08% of its market capitalization [1] Financial Performance - For the first half of 2025, Zhejiang Huayuan achieved a revenue of 344 million yuan, representing a year-on-year growth of 19.77% [2] - The net profit attributable to shareholders for the same period was 58.36 million yuan, reflecting a year-on-year increase of 40.15% [2] - Cumulative cash dividends paid by the company since its A-share listing amounted to 50.18 million yuan [2] Shareholder Information - As of August 29, the number of shareholders for Zhejiang Huayuan was 21,600, a decrease of 7.97% from the previous period [2] - The average number of circulating shares per shareholder increased by 8.66% to 2,767 shares [2] - Hong Kong Central Clearing Limited emerged as the third-largest circulating shareholder, holding 376,000 shares as a new investor [2]

Core Viewpoint - Zhejiang Huayuan experienced a slight decline in stock price on August 22, with a trading volume of 122 million yuan, indicating a mixed market sentiment towards the company [1]. Financing Summary - On August 22, Zhejiang Huayuan had a financing buy-in amount of 10.51 million yuan and a financing repayment of 11.36 million yuan, resulting in a net financing outflow of 0.85 million yuan [1]. - As of August 22, the total financing and securities lending balance for Zhejiang Huayuan was 94.62 million yuan, which represents 7.45% of its market capitalization [1]. Shareholder and Financial Performance - As of August 8, the number of shareholders for Zhejiang Huayuan increased to 23,500, reflecting a 1.60% rise, while the average circulating shares per person decreased by 1.58% to 2,546 shares [2]. - For the first quarter of 2025, Zhejiang Huayuan reported a revenue of 168 million yuan, marking a year-on-year growth of 23.81%, and a net profit attributable to shareholders of 38.52 million yuan, which is a 65.29% increase compared to the previous year [2]. - Since its A-share listing, Zhejiang Huayuan has distributed a total of 50.18 million yuan in dividends [2].

Group 1 - Xiaomi's Yu7 is set to launch at the end of June, with a starting price of around 250,000 RMB and expected monthly sales of 30,000 to 40,000 units [1][2] - The Yu7 features a 800V silicon carbide platform, a 96.3 kWh lithium iron phosphate battery with a CLTC range of 835 km, and advanced driver assistance systems [1] - The Yu7 has already attracted significant interest, with three times the number of user inquiries compared to the SU7 at the same stage, indicating a potential for greater market impact [1] Group 2 - The launch of the SU7 saw over 50,000 pre-orders within 27 minutes, leading to a surge in stock prices for related companies [3] - Companies such as Huayang Group and Longli Technology are set to supply components for the Yu7, indicating a robust supply chain [5][6] - Various suppliers, including Fuyou Glass and Baowu Magnesium, are providing essential parts for Xiaomi's automotive products, showcasing a diverse supplier network [7][8]

Group 1: Company Overview - Xiaomi's first pure electric sedan, SU7, has seen rapid order growth since its launch in late March, with an expected delivery target of 120,000 units this year [1] - Zhejiang Huayuan specializes in customized automotive system connection components, with core products including special fasteners and seat locks, already applied in Xiaomi's vehicles [1] - The company is a key supplier of special fasteners for automotive seats in China, with over 4,000 types of products in its catalog [1][2] Group 2: Financial Performance - The revenue from high-margin products like special fasteners is significant, with a projected gross margin exceeding 31.5% in 2024, accounting for 80.83% of the fastener business revenue [2] - The seat lock business is also performing well, with an expected shipment volume of over 14 million units in 2024, reflecting a year-on-year growth of 26.73% [3] Group 3: Market Position and Growth - The company has established long-term partnerships with major automotive manufacturers, including Volkswagen China and Honda, enhancing its market recognition [1][2] - The demand for special fasteners is increasing due to the rapid electrification and intelligence of vehicles, indicating a positive market trend [2] - The company aims to become a world-class automotive parts supplier, focusing on safety, environmental sustainability, and economic efficiency in its products [4] Group 4: Industry Trends - The Chinese automotive industry has achieved significant international breakthroughs, with production and sales surpassing 30 million units for the second consecutive year, showing a growth of 3.7% and 4.5% respectively in 2024 [4] - The industry is enhancing its competitiveness globally through international cooperation and localizing supply chains, while also increasing its focus on smart automotive electronics [4]