10月10日，上海汽配涨0.64%，成交额5504.36万元，换手率1.60%，总市值53.37亿元。 来源：新浪证券-红岸工作室 异动分析 中俄贸易概念+一带一路+国企改革+新能源汽车+汽车热管理 1、公司上市保荐书：目前公司的燃油分配管主要客户为全球知名的发动机制造商，包括联合电子、博 格华纳（BorgWarner）、 IHO Group（大陆集团和纬湃科技） 、俄罗斯埃塔曼集团（NPP ITELMA LLC）等。上述客户与公司保持着长期稳定的合作关系，对方在供应商筛选方面具有严格的供应商认证 体系，供应商需通过严格的认证测试方可合作，一旦获得认可，会被列入其合格供应商目录。 2、2024年11月30日公告：为进一步加大海外市场开拓力度，完善落实公司国际化战略发展布局，提升 公司的综合实力和核心竞争力，公司拟在摩洛哥设立全资子公司（以下简称"标的公司"）。本次拟投资 自有资金不超过等值 1亿元人民币，具体投资时间及金额将根据当地注册资本实缴要求及标的公司实际 需求分批投入，投资金额主要用于设立标的公司、购买土地、新建厂房及装修、购买生产设备及配套设 施等相关事项。 3、公司属于国有企业。公司的最终控制人为 ...

4、2024年12月5日公告，在热管理系统零部件方面，公司研发部门凭借着30余年的专业经验，快速响应 市场的变化，用极高的效率推出了符合新能源汽车质量标准的空调管路产品，赢得了客户的认可。 5、公司招股书：公司的汽车空调管路产品已广泛应用于Volkswagen AG、上汽通用、一汽-大众、上汽 集团、上汽大众、捷豹路虎、广汽乘用车、一汽丰田、广汽丰田的多款传统燃油车型，并已成为客户1 等新能源汽车空调管路的主要供应商之一。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 来源：新浪证券-红岸工作室 10月9日，上海汽配涨0.26%，成交额4798.95万元，换手率1.40%，总市值53.03亿元。 异动分析 中俄贸易概念+一带一路+国企改革+新能源汽车+汽车热管理 1、公司上市保荐书：目前公司的燃油分配管主要客户为全球知名的发动机制造商，包括联合电子、博 格华纳（BorgWarner）、 IHO Group（大陆集团和纬湃科技） 、俄罗斯埃塔曼集团（NPP ITELMA LLC）等。上述客户与公司保持着长期稳定的合作关系，对方在供应商筛选方面具有严格的供应商认证 体系，供应商 ...

截至6月30日，上海汽配股东户数3.11万，较上期减少3.46%；人均流通股7023股，较上期增加3.59%。 2025年1月-6月，上海汽配实现营业收入10.65亿元，同比增长3.54%；归母净利润8347.66万元，同比减 少18.47%。 分红方面，上海汽配A股上市后累计派现2.02亿元。 9月30日，上海汽配跌0.82%，成交额6578.92万元。两融数据显示，当日上海汽配获融资买入额532.47 万元，融资偿还973.36万元，融资净买入-440.89万元。截至9月30日，上海汽配融资融券余额合计1.39 亿元。 融资方面，上海汽配当日融资买入532.47万元。当前融资余额1.39亿元，占流通市值的4.07%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，上海汽配9月30日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量100.00股，融券余额1568.00元，低于近一年50%分位水平，处于较低位。 资料显示，上海汽车空调配件股份有限公司位于上海市浦东新区莲溪路1188号，成立日期1992年7月8 日，上市日期2023年11月1日，公司主营业务涉及 ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and partnerships in the automotive parts sector, particularly in the context of new energy vehicles and global supply chains [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and listed on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes 79.38% from automotive thermal management system products, 18.86% from automotive engine system products, and 1.76% from other sources [7]. Market Position and Financial Performance - As of June 30, the company had 31,100 shareholders, a decrease of 3.46% from the previous period, with an average of 7,023 circulating shares per person, an increase of 3.59% [8]. - For the first half of 2025, the company achieved operating revenue of 1.065 billion yuan, a year-on-year increase of 3.54%, while the net profit attributable to shareholders decreased by 18.47% to 83.4766 million yuan [8]. Strategic Developments - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of no more than 100 million yuan, aimed at enhancing its international strategy and operational capabilities [2]. - The company has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC, which require strict supplier certification processes [2][3]. Product Applications - The company's automotive air conditioning pipes are widely used in various traditional fuel models and have become a major supplier for first-tier new energy vehicle air conditioning pipes for clients such as Volkswagen AG and SAIC Motor [3]. Technical Analysis - The average trading cost of the company's shares is 16.17 yuan, with recent reductions in holdings but at a slowing rate. The current stock price is near a support level of 15.57 yuan, indicating potential for rebound if this level holds [6].

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and partnerships in the automotive parts sector, particularly in the context of new energy vehicles and global supply chains [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and is located in Pudong New District, Shanghai. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes 79.38% from automotive thermal management system products, 18.86% from automotive engine system products, and 1.76% from other sources [7]. Market Position and Financial Performance - As of June 30, the company had 31,100 shareholders, a decrease of 3.46% from the previous period, with an average of 7,023 circulating shares per person, an increase of 3.59% [8]. - For the first half of 2025, the company achieved operating revenue of 1.065 billion yuan, a year-on-year increase of 3.54%, while the net profit attributable to the parent company was 83.4766 million yuan, a year-on-year decrease of 18.47% [8]. Investment and Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of no more than 100 million yuan, aimed at enhancing its international strategy and operational capabilities [2][3]. - The company has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC, which require strict supplier certification processes [2][3]. Technical Analysis - The average trading cost of the company's shares is 16.17 yuan, with recent reductions in shareholding but at a slowing rate. The current stock price is near a resistance level of 15.82 yuan, indicating potential for upward movement if this level is surpassed [6].

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and partnerships in the automotive parts sector, particularly in the context of new energy vehicles and global supply chains [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and is located in Shanghai's Pudong New District. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes automotive thermal management system products (79.38%), automotive engine system products (18.86%), and other products (1.76%) [7]. Market Position and Financial Performance - As of June 30, the company had 31,100 shareholders, a decrease of 3.46% from the previous period, with an average of 7,023 circulating shares per person, an increase of 3.59% [8]. - For the first half of 2025, the company achieved operating revenue of 1.065 billion yuan, a year-on-year increase of 3.54%, while the net profit attributable to the parent company was 83.4766 million yuan, a year-on-year decrease of 18.47% [8]. Strategic Developments - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of no more than 100 million yuan, aimed at enhancing its international strategy and operational capabilities [2]. - The company has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC, which require strict supplier certification processes [2][3]. Industry Context - The company operates within the automotive parts industry, specifically in the sub-sector of chassis and engine systems, and is associated with concepts such as state-owned enterprises, small-cap stocks, and automotive thermal management [8].

Group 1 - Shanghai Automotive Air Conditioning Parts Co., Ltd. reported a revenue of 1.065 billion yuan for the first half of 2025, representing a year-on-year growth of 3.54% [2] - The company's net profit attributable to shareholders for the same period was 83.4766 million yuan, showing a year-on-year decrease of 18.47% [2] - As of June 30, the number of shareholders for Shanghai Automotive was 31,100, a decrease of 3.46% from the previous period, while the average circulating shares per person increased by 3.59% to 7,023 shares [2] Group 2 - On September 23, Shanghai Automotive's stock price fell by 1.09%, with a trading volume of 128 million yuan [1] - The financing buy-in amount for Shanghai Automotive on the same day was 14.9153 million yuan, while the financing repayment was 26.4506 million yuan, resulting in a net financing outflow of 11.5353 million yuan [1] - The total balance of margin trading for Shanghai Automotive as of September 23 was 134 million yuan, accounting for 3.74% of its circulating market value, which is above the 80th percentile of the past year [1] Group 3 - Shanghai Automotive has distributed a total of 202 million yuan in dividends since its A-share listing [3]

Core Viewpoint - Shanghai Automotive Parts achieved significant growth in 2024, with a revenue of 2.15 billion and a net profit of 189 million, reflecting year-on-year increases of 12.66% and 17.32% respectively [2] Group 1: Financial Performance - The company reported a revenue of 2.15 billion, marking a year-on-year growth of 12.66% [2] - The net profit attributable to shareholders was 189 million, representing a year-on-year increase of 17.32% [2] - A cash dividend of 3 yuan per 10 shares (including tax) is proposed for shareholders [2] Group 2: Business Segments - The automotive thermal management system products generated sales of 1.714 billion, up 15.34% year-on-year [2] - The automotive engine system products achieved sales of 387 million, reflecting a year-on-year increase of 7.08% [2] Group 3: Customer Base and International Sales - The company has established a healthy customer structure, supplying major clients such as Volkswagen, General Motors, and Toyota [3] - In 2024, international sales reached 913 million, accounting for 42.47% of total revenue, with a year-on-year growth of 59.83% [3] - The company has secured a global project for fuel distribution pipes with an overseas client, with an expected total sales amount exceeding 500 million over the project lifecycle [3] Group 4: International Expansion - The Mexican subsidiary generated approximately 290 million in sales, enhancing the company's ability to supply North and South American clients [3] - A Moroccan subsidiary is under construction to support European and African markets [3] Group 5: Future Developments - The company plans to actively develop hydrogen fuel distribution pipes for automotive applications [3] - In the thermal management system segment, the company aims to enhance integrated supply capabilities and explore modular supply markets [4] - The company has secured contracts for valve assembly products with clients like FAW-Volkswagen and plans to increase R&D efforts in system integration and modular supply [4]

上海汽车空调配件股份有限公司 Shanghai Automobile Air-Conditioner Accessories Co., Ltd. （上海市浦东新区莲溪路 1188 号） 首次公开发行股票并在主板上市 招股意向书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 上海汽车空调配件股份有限公司 首次公开发行股票招股意向书 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风 险。 发行人及全体董事、监事、高级管理人员承诺招股意向书不存在虚假记 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带 的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股意 ...

上海汽车空调配件股份有限公司 首次公开发行股票并在主板上市招股意向书附录 | 序号 | 文件名 | 页码 | | --- | --- | --- | | 1 | 发行保荐书 | 1 | | 2 | 财务报表及审计报告 | 23 | | 3 | 内部控制鉴证报告 | 181 | | 4 | 经注册会计师鉴证的非经常性损益明细表 | 195 | | 5 | 法律意见书 | 212 | | 6 | 律师工作报告 | 480 | | 7 | 发行人公司章程（草案） | 782 | | 8 | 关于同意上海汽车空调配件股份有限公司首次公开发行股票注册 的批复 | 835 | 民生证券股份有限公司 关于上海汽车空调配件股份有限公司 首次公开发行股票并在主板上市 之 发行保荐书 保荐机构 （中国(上海)自由贸易试验区浦明路 8 号） 二〇二三年九月 上海汽车空调配件股份有限公司首次公开发行股票申请文件 发行保荐书 声 明 民生证券股份有限公司（以下简称"我公司"、"民生证券"或"本保荐机 构"） （二）本保荐机构指定保荐代表人情况 1、保荐代表人姓名 本保荐机构及保荐代表人根据《中华人民共和国公司法》（以下简称"《公 司法 ...