Group 1 - The core point of the news is that Hengbo Co., Ltd. has seen a significant stock price increase of 5.58%, reaching 100.65 CNY per share, with a total market capitalization of 10.405 billion CNY as of October 31 [1] - Hengbo Co., Ltd. was established on October 18, 2005, and went public on June 16, 2023. The company specializes in the research, development, production, and sales of internal combustion engine intake systems and components [1] - The revenue composition of Hengbo's main business includes 60.23% from automotive intake systems and components, 34.60% from motorcycle intake systems and components, 2.66% from general machinery intake systems and components, and 2.52% from other sources [1] Group 2 - According to data, one fund under Baoying Fund has heavily invested in Hengbo Co., Ltd. The Baoying Ruifeng Innovation Mixed A/B fund increased its holdings by 38,700 shares in the third quarter, bringing the total to 85,600 shares, which accounts for 3.98% of the fund's net value [2] - The Baoying Ruifeng Innovation Mixed A/B fund was established on September 26, 2014, and has a latest scale of 435.362 million CNY. Year-to-date returns are 24.94%, ranking 3836 out of 8154 in its category, while the one-year return is 22.26%, ranking 4046 out of 8046 [2]

Core Insights - Hengbo Co., Ltd. has shown a significant increase in revenue and net profit for the first nine months of 2025, with a revenue of 731 million yuan, representing a year-on-year growth of 19.09%, and a net profit of 94.18 million yuan, up 8.89% year-on-year [2] Financing and Trading Activity - On October 30, Hengbo's stock price increased by 0.25%, with a trading volume of 270 million yuan. The financing buy-in for the day was 36.14 million yuan, while the financing repayment was 28.84 million yuan, resulting in a net financing buy of 7.30 million yuan. The total financing and securities balance reached 159 million yuan [1] - The current financing balance of 159 million yuan accounts for 5.57% of the circulating market value, indicating a high level compared to the 80th percentile over the past year [1] - There were no short selling activities on October 30, with a short selling balance of 0 shares, also indicating a high level compared to the 80th percentile over the past year [1] Shareholder and Institutional Holdings - As of October 20, the number of shareholders for Hengbo was 7,387, a decrease of 0.19% from the previous period, while the average circulating shares per person increased by 0.19% to 4,045 shares [2] - Since its A-share listing, Hengbo has distributed a total of 83.23 million yuan in dividends [3] - As of September 30, 2025, the top ten circulating shareholders included notable institutional investors, with significant changes in holdings among them, such as an increase of 658,900 shares for the second-largest shareholder and new entries from several funds [3]

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [3][6]. Core Insights - The company has established long-term partnerships with major automotive manufacturers, focusing on internal combustion engine intake systems and components, while also expanding into the new energy vehicle sector [1][2]. - The company is actively developing and applying modified high-performance polymer materials, particularly PEEK, which is expected to become a core material in high-end precision manufacturing due to its excellent properties [2][3]. - A joint venture has been formed with Discover Material Inc. to enhance market expansion and overall efficiency by leveraging over 30 years of experience in modified materials [3]. Financial Summary - The company forecasts revenue growth from 785 million in 2023 to 1,459 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 15.96% [4]. - Net profit is projected to increase from 115 million in 2023 to 237 million by 2027, with a CAGR of 18.94% [4]. - Earnings per share (EPS) are expected to rise from 1.27 in 2023 to 2.29 by 2027, indicating strong profitability growth [4]. Profitability and Valuation Metrics - The report anticipates a price-to-earnings (P/E) ratio of 57.10 in 2025, decreasing to 40.32 by 2027, suggesting improving valuation as earnings grow [3][4]. - The net asset return rate is projected to increase from 9.2% in 2024 to 12.6% in 2027, indicating enhanced operational efficiency [4].

Group 1 - Hengbo Co., Ltd. experienced a stock price decline of 5.08% on August 28, with a closing price of 72.51 CNY per share and a total market capitalization of 7.496 billion CNY [1] - The company has seen a cumulative decline of 8.07% over the past three days, indicating a downward trend in its stock performance [1] - Hengbo's main business involves the research, development, production, and sales of internal combustion engine intake systems and components, with revenue composition as follows: 60.23% from automotive intake systems, 34.60% from motorcycle intake systems, 2.66% from general machinery intake systems, and 2.52% from other sources [1] Group 2 - Among the top ten circulating shareholders of Hengbo, Penghua Fund's carbon neutrality theme mixed fund (016530) increased its holdings by 128,300 shares, totaling 741,300 shares, which represents 2.46% of the circulating shares [2] - The fund has incurred a floating loss of approximately 2.8762 million CNY today, with a total floating loss of 4.9741 million CNY over the three-day decline [2] - The Penghua carbon neutrality theme mixed fund was established on May 5, 2023, with a current scale of 2.08 billion CNY and has achieved a year-to-date return of 75.14% [2]

股票简称：恒勃股份 股票代码：301225 恒勃控股股份有限公司 HENGBO HOLDINGS CO., LTD. （住所：浙江省台州市海昌路 1500 号） 首次公开发行股票并在创业板上市 之上市公告书 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 二〇二三年六月 特别提示 恒勃控股股份有限公司（以下简称"公司"、"本公司"、"发行人"或"恒勃股份"） 股票将于 2023 年 6 月 16 日在深圳证券交易所上市。 创业板公司具有业绩不稳定、经营风险高、退市风险大等特点，投资者面临较大的 市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风险因素，审慎 做出投资决定。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市 初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与《恒勃控股股份有限公司首 次公开发行股票并在创业板上市招股说明书》（以下简称"招股说明书"）中的相同。 1 第一节 重要声明与提示 一、重要声明 本公司及全体董事、监事、高级管理人员保证上市公告书的真实性、准确性、完整 性，承诺上市公告书不 ...

恒勃控股股份有限公司 招股意向书 创业板投资风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不确定 性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的 市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审慎作出 投资决定。 恒勃控股股份有限公司 HENGBO HOLDINGS CO., LTD. （住所：浙江省台州市海昌路 1500 号） 首次公开发行股票并在创业板上市 招股意向书 恒勃控股股份有限公司 招股意向书 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 1-1-1 恒勃控股股份有限公司 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》的规定，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 ...

创业板投资风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不确定 性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的 市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审慎作出 投资决定。 恒勃控股股份有限公司 HENGBO HOLDINGS CO., LTD. （住所：浙江省台州市海昌路 1500 号） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 声明：本公司的发行上市申请尚需经深圳证券交易所和中国证监会履行相应程序。招股说明 书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明 书全文作为做出投资决定的依据。 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 恒勃控股股份有限公司 招股说明书 1-1-1 恒勃控股股份有限公司 招股说明书 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 ...

创业板投资风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不确定 性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的 市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审慎作出 投资决定。 恒勃控股股份有限公司 HENGBO HOLDINGS CO., LTD. （住所：浙江省台州市海昌路 1500 号） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 声明：本公司的发行上市申请尚需经深圳证券交易所和中国证监会履行相应程序。招股说明 书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明 书全文作为做出投资决定的依据。 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 恒勃控股股份有限公司 招股说明书 1-1-1 恒勃控股股份有限公司 招股说明书 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 ...