证券代码：603109 证券简称：神驰机电 公告编号：2025-073 神驰机电股份有限公司关于 预计2026年度日常关联交易额度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 本次关联交易无需提交股东会审议。 ● 本次关联交易对上市公司的影响：公司与关联方交易价格定价公允、合 理，不存在损害公司和全体股东，尤其是中小股东利益的行为。上述关联交易不会对公司的独立性造成 影响，公司亦不会对关联方形成依赖。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 以上事项经公司2025年第三次独立董事专门会议审议通过，独立董事发表如下事前认可意见：公司2026 年日常关联交易主要系公司日常经营活动所需，定价公允，不存在损害公司及全体股东利益的情况，不 会对关联方产生依赖，不会对公司独立性产生影响。我们一致同意将本议案提交第五届董事会第八次会 议审议。 （二）2025年日常关联交易预计及执行情况 ■ 注1：以上金额为不含税金额，2025年1-11月实际发生金额未经审计。 （三）2026年日常关联 ...

Core Viewpoint - Xinyuan Intelligent Manufacturing (鑫源智造) plans to establish a production base in Vietnam to expand its agricultural machinery market overseas [1][2]. Group 1: Investment and Expansion - The company intends to set up a subsidiary named "Vietnam Xinyuan Power Equipment Machinery Co., Ltd." with a registered capital of $2.5 million, located in Haiphong, Vietnam [1]. - The total investment for the first phase of the Vietnam production base is approximately $6.9444 million (around 50 million RMB) [2]. - This investment aims to resolve the issue of competition with its controlling shareholder, Dongfang Xinyuan Group, and to quickly establish production for agricultural machinery products [2]. Group 2: Financial Performance - In the first half of 2025, Xinyuan Intelligent Manufacturing achieved revenue of 329 million RMB, a year-on-year increase of 388.33%, and a net profit of 9.787 million RMB, up 284.45% [3]. - The subsidiary Xinyuan Agricultural Machinery contributed 256 million RMB in revenue and 5.2202 million RMB in net profit, accounting for 77.81% and 53.34% of the total revenue and net profit, respectively [3]. Group 3: Strategic Direction - The company is focusing on outdoor operation equipment, starting with agricultural machinery and planning to expand into intelligent manufacturing fields such as drones and robots [3]. - Xinyuan Intelligent Manufacturing's total assets grew from 677 million RMB in 2020 to 1.217 billion RMB in 2024, marking a 79.76% increase, and reached a historical high of 1.232 billion RMB by mid-2025 [3].

Group 1 - The company held a half-year performance briefing on August 22, 2025, at the Shanghai Stock Exchange Roadshow Center, attended by key executives [1] - The company reported a sales volume of 258,100 engines from January to July 2025, representing a year-on-year increase of 23.88%, and 97,600 transmissions, with a year-on-year increase of 119% [5] - The company aims to achieve a sales target of 600,000 units and revenue of 5.2 billion yuan for the year 2025 [5] Group 2 - The company has no current production of military products, focusing instead on gasoline engines, range extenders, and automatic transmissions [1][2] - The company plans to enhance profitability through new product development, cost reduction initiatives, and leveraging government support [3] - The company has increased its R&D investment to 6.06% of revenue in 2024, with technical staff making up 32% of its workforce [2] Group 3 - The company’s actual controller changed in July 2025, with the indirect controlling shareholder becoming China Changan Automobile, aiming to build a world-class automotive group [3] - The company anticipates a significant increase in performance, targeting 1 million units in sales by 2026 and 10 billion yuan in revenue by 2027 [4] - The company has maintained a cash dividend policy for five consecutive years, with a payout ratio of 62.42% of net profit for 2024 [6]

Financial Performance - The company reported a total revenue of 2.479 billion yuan for the first half of 2025, representing a year-on-year increase of 25.72% [1] - The net profit attributable to shareholders was 3.9212 million yuan, showing a significant year-on-year increase of 157.75% [1] - The gross profit margin decreased to 2.33%, down 50.44% year-on-year, while the net profit margin increased to 0.29%, up 38.76% year-on-year [1] - Total operating expenses (sales, management, and financial expenses) amounted to 105 million yuan, accounting for 4.25% of revenue, a decrease of 21.55% year-on-year [1] Key Financial Metrics - The company’s earnings per share improved to 0.02 yuan, a 216.78% increase compared to the previous year [1] - The company’s cash flow from operating activities showed a negative change of 164.39%, attributed to increased inventory and capital occupation [10] - The company’s total assets included a significant increase in accounts receivable, which rose by 42.55% to 1.03 billion yuan [1] Changes in Financial Items - Accounts receivable financing increased by 81.59% due to an increase in bank notes held [1] - Other receivables surged by 426.19% due to an increase in asset disposal payments [2] - Inventory increased by 50.88% as a result of higher sales volume of gearboxes [2] - Short-term borrowings decreased by 32.23% due to a reduction in discounted non-state and joint-stock bank notes [5] Company Background and Structure - The company was listed on the Shanghai Stock Exchange in 1998 and was initially part of the Aviation Industry Corporation of China [13] - In 2012, the company became part of the China Changan Automobile Group [13] - The company has undergone several acquisitions, including a 55.64% stake in Dong'an Automotive Engine Manufacturing Co., and a 60% stake in Harbin Dong'an Zhiyue Engine Co. [13]