证券代码：002284 证券简称：亚太股份 5、公司有机器人方面的布局吗？ 答：公司目前暂未涉及机器人相关业务，但公司的线控制动、 EMB 等产品会使用到滚珠丝杠和无刷电机，公司的相关研究工 作正在积极推进中。后续如有相关布局计划，公司将按规定履 行信息披露义务。 6、公司的研发费用相关较高，公司是如何考虑的？ 答：公司的研发费用是根据公司的整体规划以及在研项目的进 度情况进行地合理化支出。公司长期以来重视研发投入，持续 的研发投入，使得公司产品得以保持不断创新，为公司的持续 发展提供切实有力的保障。 浙江亚太机电股份有限公司投资者关系活动记录表 编号：2025-016 投资者关系活动 类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑ 现场参观 □其他 （线上会议调研） 参与单位名称及 人员姓名 浙商电新杨子伟，南方基金王杰，博时基金赵耀，中银基金裔 汶锦，东兴证券李金锦 时间 2025 年 09 月 24 日—25 日 地点 公司会议室 上市公司接待人 员姓名 副总经理、董事会秘书邱蓉 证券办 李琼婷 投资者关系活动 主要内容介绍 一、公司情况介绍 二、公司情况交 ...

Core Viewpoint - The company achieved a significant revenue growth of 29.75% year-on-year in the first half of 2025, with a net profit increase of 92.12%, indicating strong operational performance and scale effects [3][8][9]. Financial Performance - In the first half of 2025, the company reported revenues of 2.6 billion yuan and a net profit of 201 million yuan, with the second quarter showing a revenue of 1.343 billion yuan, a year-on-year increase of 37% [3][8]. - The gross margin for Q2 2025 was 19.84%, up by 1.49 percentage points year-on-year, while the net profit margin reached 7.45%, an increase of 2.97 percentage points [4][12]. Product and Project Development - The electronic control systems, including EPB, ESC, and IBS, have been the main contributors to revenue growth, with a compound annual growth rate of 32% from 2020 to 2024 [5][21]. - The company initiated 114 new projects in the first half of 2025, with 55 related to automotive electronic control systems, and has started mass production on 70 projects involving major clients like Geely and Leap Motor [5][8][25]. Global Expansion - The company is expanding its production capacity in Morocco, aiming for an annual output of 2.65 million brake calipers, which will enhance local production and contribute to revenue growth [6][30]. - Currently, overseas revenue accounts for about 3% of total revenue, with plans for further global expansion through subsidiaries in Singapore, Morocco, and Germany [6][30]. Innovation and Technology - The company is actively developing new intelligent business lines, including integrated solutions for autonomous driving, which encompass various advanced technologies such as wheel hub motors and electronic mechanical brakes [7][27]. - The company has established a comprehensive supply chain for autonomous vehicles, focusing on smart automotive environment perception and active safety control [7][27]. Client Base and Market Reach - The company's products are widely distributed among major domestic and international automotive manufacturers, including partnerships with brands like Volkswagen, General Motors, and Honda [28]. - The company has a robust order backlog, with significant projects underway that are expected to contribute to future revenue growth [25][28].

Group 1: Company Overview - The company is a leading domestic automotive brake system manufacturer, aiming to become a first-class international auto parts enterprise [3] - The company has three main production bases located in Xiaoshan, Anhui Guangde, and Huzhou Anji, with additional bases in Liuzhou, Guangzhou, and Changchun [4] Group 2: Product Development and Market Position - The company has seen a year-on-year increase in sales of products for new energy vehicles, which correlates positively with the production and sales of new energy vehicles by downstream manufacturers [1] - The company has received project notifications for two new energy vehicle projects, with a total expected sales amount of 1.2 billion yuan [2] - The company’s line control braking products are set to be launched following project confirmations [1] Group 3: Competitive Advantages - Compared to international parts manufacturers, the company offers high cost-performance, good service, and quick response times, with a gradually narrowing technology gap [3] - Domestic automakers are increasingly developing new suppliers and enhancing local procurement, providing good development opportunities for domestic parts manufacturers [3] Group 4: Technological Innovations - The company has focused on corner module technology, providing comprehensive solutions that integrate various vehicle systems, enhancing vehicle functionality and supporting the development of intelligent driving [5] Group 5: Production Capacity and Market Strategy - The company maintains a high capacity utilization rate, adjusting production lines and expanding capacity based on market demand and project confirmations [7] - The company is preparing to optimize product structure and improve internal management to address annual price reduction pressures from automakers [7]

Group 1: Company Overview - Zhejiang Asia-Pacific Mechanical and Electrical Co., Ltd. has been focused on the automotive brake system industry since its establishment in 1979, accumulating a broad customer base including major companies like Geely, Changan, and SAIC [2][3] - The company’s line control braking products began mass production in 2024, although their current sales proportion is still low [2] Group 2: Product Offerings - The company does not sell AEB products separately but helps clients achieve AEB functionality through line control braking products [2] - The company has developed a comprehensive solution integrating wheel hub motors, electronic mechanical brakes (EMB), and chassis domain controllers, enabling independent control of vehicle systems and enhancing personalized travel options [4] Group 3: Market Expansion and Future Plans - The company is actively expanding its customer base and has entered procurement platforms for major automotive brands such as Volkswagen, General Motors, and Honda [3] - Future growth points include expanding market coverage and promoting new automotive electronic systems, aiming to secure more projects [8] Group 4: Financial Performance - The company’s gross margin has improved due to increased domestic vehicle sales and new international projects, alongside ongoing product structure optimization and cost reduction efforts [6] - A project related to line control braking products is expected to generate approximately ¥1 billion in total sales over a five-year lifecycle, with mass production anticipated in Q1 2026 [7]