证券代码：603179 证券简称：新泉股份 公告编号：2025-016 债券代码：113675 债券简称：新 23 转债 江苏新泉汽车饰件股份有限公司 关于召开2024年年度股东大会的通知 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法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 27 日 13 点 30 分 召开地点：常州市新北区黄河西路 555 号江苏新泉汽车饰件股份有限公司常 州分公司会议室 股东大会召开日期：2025年5月27日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 27 日 至2025 年 5 月 27 日 采用上海证券交 ...

| 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2025-008 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司 第五届监事会第四次会议决议公告 本公司监事会及全体监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法律责任。 一、监事会会议召开情况 江苏新泉汽车饰件股份有限公司（以下简称"公司"）第五届监事会第四次会 议通知和会议材料于 2025 年 4 月 17 日以专人送达、电子邮件的方式发出。会议 于 2025 年 4 月 27 日在公司会议室以现场和通讯结合的方式召开。本次会议应出 席监事 3 人，实际出席监事 3 人。会议由公司监事会主席姜美霞先生召集和主持。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等有关法律、 法规和公司章程的规定，会议合法有效。 二、监事会会议审议情况 （一）审议通过《公司2024年度监事会工作报告》 表决结果：同意3票、反对0票、弃权0票。 该议案尚需提交 2024 年年度股东大会审议。 （二）审议 ...

Financial Performance - The company's operating revenue for 2024 reached ¥13,263,789,037.59, representing a 25.46% increase compared to ¥10,571,883,599.87 in 2023[25]. - Net profit attributable to shareholders for 2024 was ¥976,635,555.52, a 21.24% increase from ¥805,532,030.11 in 2023[25]. - The net cash flow from operating activities significantly increased by 119.19% to ¥1,293,221,243.64 in 2024, compared to ¥589,994,936.32 in 2023[25]. - The total assets of the company at the end of 2024 were ¥15,912,247,704.57, an 18.33% increase from ¥13,447,165,075.67 at the end of 2023[25]. - Basic earnings per share for 2024 were ¥2.00, up 21.21% from ¥1.65 in 2023[26]. - The weighted average return on equity for 2024 was 17.99%, an increase of 0.26 percentage points from 17.73% in 2023[26]. - The company reported a net profit of ¥291,054,350.73 in Q4 2024, showing a strong performance in the last quarter[29]. - The company achieved operating revenue of 13.264 billion yuan, an increase of 25.46% year-on-year, and a net profit attributable to the parent company of 977 million yuan, up 21.24% year-on-year[34]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders, pending approval at the 2024 annual general meeting[6]. - The company distributed a cash dividend of 0.30 yuan per share, totaling approximately 146.19 million yuan, sharing its operational success with shareholders[38]. - The cumulative cash dividend amount over the last three accounting years was approximately 438.57 million RMB, with a cash dividend ratio of 58.41%[151]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining its commitment to shareholder returns[141]. Corporate Governance and Compliance - The board of directors and supervisory board members have ensured the authenticity, accuracy, and completeness of the annual report[3]. - The company has established a robust corporate governance structure to ensure compliance and effective decision-making processes[112]. - The company has confirmed that there are no issues of dishonesty or unfulfilled court judgments by its controlling shareholders or actual controllers[177]. - The company has not faced any major changes in competition from controlling shareholders or actual controllers[116]. - The company has not reported any violations or penalties against its directors, supervisors, or senior management during the reporting period[177]. Risk Management and Internal Controls - The company has established a comprehensive risk management system, enhancing financial data analysis and fund usage supervision[160]. - The internal control management system has been improved, ensuring effective financial reporting without significant deficiencies[115]. - The internal control audit report indicated that the company maintained effective financial reporting internal controls in all significant aspects, receiving a standard unqualified opinion[161]. - The company has implemented an insider information management system to strengthen confidentiality and protect investors' rights[115]. Market Expansion and Strategic Initiatives - The company is expanding its international strategy, investing 45 million euros in Slovakia and establishing subsidiaries in the United States to enhance service and market presence[34]. - The company has established production bases in 20 cities across China, enhancing product supply efficiency and reducing transportation costs[51]. - The company has invested in establishing production bases in Malaysia, Mexico, and Slovakia, and has set up subsidiaries in the USA and Germany to expand into Southeast Asia, North America, and Europe[51]. - The company is actively entering the new energy vehicle market, supporting projects for brands like Li Auto, Geely, and BYD, contributing to the global trend towards carbon neutrality[35]. Research and Development - R&D expenses increased by 20.02% to CNY 549 million, driven by the growth in R&D projects and personnel[54]. - The number of R&D personnel is 1,652, making up 12.73% of the total workforce, indicating a focus on innovation and development[75]. - The company is committed to enhancing its research and development capabilities by investing in advanced technology and talent acquisition[103]. - The company is increasing R&D investment in new processes and technologies for automotive interior and exterior parts to enhance core competitiveness[106]. Production and Operational Efficiency - The company is enhancing its production capabilities with ongoing construction of multiple manufacturing bases, including in Shanghai and Mexico, to meet future demand[35]. - The company has implemented advanced production technologies and equipment, enhancing production efficiency and product quality[50]. - The company's production capacity utilization rate for dashboard assemblies is 94.11%, indicating efficient production operations[86]. - The company has a strong focus on product innovation and quality control, which has allowed it to compete effectively with foreign and joint venture component manufacturers in the automotive industry[46]. Shareholder Structure and Ownership - The controlling shareholder, Xinquan Investment, holds 12,715.3572 million shares, representing 26.09% of the total share capital[189]. - The actual controller, Mr. Tang Zhihua, pledged 18 million shares, accounting for 3.69% of the total share capital, for personal funding needs[190]. - The largest shareholder, Jiangsu Xinquan Zhihua Investment Co., Ltd., holds 127,153,572 shares, representing 26.09% of total shares[197]. - The company has no strategic investors or general corporations that have become top ten shareholders through new share placements[199]. Environmental and Sustainability Initiatives - The company has adopted measures to reduce carbon emissions, including phasing out old manufacturing equipment and promoting solar photovoltaic projects[165]. - The company invested 13.7704 million yuan in environmental protection during the reporting period[162]. - The company has established a mechanism for environmental protection and strictly adheres to national environmental laws and regulations[164]. Audit and Financial Reporting - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company has appointed Lixin Accounting Firm as the auditor for the 2024 financial report, with an audit fee of 800,000 RMB[176]. - The company will implement the new accounting standards effective January 1, 2024, with no significant impact on the financial statements for the reporting period[173].

| 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 2.0000 | 1.6500 | 21.21 | 0.9700 | | 每股净资产（元） | 11.12 | 9.79 | 13.59 | 8.37 | | 每股公积金(元) | 4.33 | 4.33 | 0 | 4.33 | | 每股未分配利润(元) | 5.62 | 4.00 | 40.5 | 2.72 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 132.64 | 105.72 | 25.46 | 69.47 | | 净利润(亿元) | 9.77 | 8.06 | 21.22 | 4.71 | | 净资产收益率(%) | 17.99 | 17.73 | 1.47 | 12.21 | 10派3元(含税) 前十大流通股东累计持有： 24658.96万股，累计占流通股比： 50.6%，较上期变化： -255.83万股。 | 名称 | 持有数量(万股) | 占总股本 ...

| 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2025-006 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司 可转债转股结果暨股份变动公告 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法律责任。 重要内容提示： 累计转股情况：截至 2025 年 3 月 31 日，累计已有人民币 94,000 元新 23 转债已转换为公司股票，累计转股数为 1,825 股，占新 23 转债转股前公司已 发行股份总额的 0.0004%。 未转股可转债情况：截至 2025 年 3 月 31 日，尚未转股的新 23 转债金额 为人民币 1,159,906,000 元，占新 23 转债发行总量的比例为 99.9919%。 本季度转股情况：自 2025 年 1 月 1 日至 2025 年 3 月 31 日期间，新 23 转债未发生转股情况。 一、可转债发行上市概况 （一）根据中国证券监督管理委员会《关于同意江苏新泉汽车饰件股份有限 公司向不特定对象发 ...

江苏新泉汽车饰件股份有限公司 关于聘任公司副总经理的公告 | 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2025-005 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司董事会 2025 年 3 月 13 日 附简历： 王利军：男，1973 年 9 月出生，中国国籍，无永久境外居留权，MBA 硕士学 历，1997 年毕业于武汉科技大学，机械工程专业；1998 年-2000 年就职于万宝 1 至机电有限公司担任管理员，2001 年-2002 年就职于普思电子有限公司担任生产 主管；2003 年-2018 年就职于慧鱼汽车系统有限公司担任高级经理；2018 年-2020 年就职于宁波舜宇精工股份有限公司担任总经理；2020 年 4 月加入本公司，担 任公司全资子公司新泉（上海）汽车零部件有限公司总经理，现任本公司副总经 理、新泉（上海）汽车零部件有限公司总经理。 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法律责任。 江苏新泉汽车 ...

Summary of the Conference Call for Xinquan Co., Ltd. Industry and Company Overview - The conference call pertains to Xinquan Co., Ltd., a company involved in the automotive parts industry, particularly focusing on components for electric vehicles, including those for Tesla [3][4][6]. Core Insights and Arguments - **Stock Price Adjustment**: The recent adjustment in Xinquan's stock price is attributed to external factors, particularly Tesla's disappointing sales data in February in China and Europe, mainly due to the Model Y redesign affecting production lines. However, the company believes these factors will not significantly impact long-term growth [3]. - **Future Growth Drivers**: Xinquan's future growth is expected to stem from globalization and product diversification. The company has made progress in establishing factories in Mexico, the U.S., and Europe, which has led to new projects with Tesla in North America and exceeded profit margin expectations [4][5]. - **Revenue and Profit Projections**: Xinquan anticipates revenue growth of over 30% annually in the coming years, with projected profits reaching between 1.35 billion to 1.4 billion yuan by 2025, corresponding to a market valuation of approximately 17 to 18 times earnings [4][5]. - **Response to Trade Barriers**: The company is actively addressing trade barriers and tariff issues by establishing manufacturing facilities in Mexico and the U.S. to mitigate uncertainties arising from trade tensions. Additionally, a factory in Slovakia has begun production to serve European clients [6]. - **Product Diversification**: Xinquan is expanding its product offerings from interior components to exterior parts and plans to enter the seating market. The exterior parts segment is expected to grow significantly, with higher profit margins due to increased automation [7]. - **Client Relationships**: The company has demonstrated strong capabilities in binding clients and meeting their needs, maintaining close relationships with high-quality domestic clients such as Chery, Geely, Li Auto, SAIC, and BYD, which provide ongoing order support [8]. - **Market Trends and Investment Potential**: The current investment trend in the automotive parts market is heavily focused on robotics and smart technologies. Xinquan is viewed as a company with the potential to innovate and expand beyond traditional automotive parts, positioning itself for long-term growth [9]. Other Important Insights - **Tesla's Sales Impact**: While Tesla's sales in North America have shown slight declines, the company is managing tariff impacts through negotiations, indicating a collaborative approach to market challenges [3]. - **Investment Opportunity**: The recent stock price adjustment is seen as a potential buying opportunity for investors, given the company's strong fundamentals and growth prospects [8].

Summary of New Spring Co., Ltd. Conference Call Company Overview - New Spring Co., Ltd. specializes in automotive components, including medical board assemblies and door panel assemblies, with a high per-vehicle value of approximately 3,000 yuan [3][4] - The company has been expanding its product line, increasing the proportion of instrument panel assemblies, while door panel assemblies account for about 10% [4] Core Insights and Arguments - Significant progress has been made in overseas markets, with one large overseas automaker becoming the top client among the company's top five clients [3][4] - Domestic quality clients such as Geely, Chery, and BYD are also becoming key customers [3] - The company has established factories in Malaysia, Mexico, Slovakia, and the United States, with overseas assets now accounting for 10% of total assets [4][5] - The Mexico factory has shown impressive performance, generating revenue of 330 million yuan in 2023, with expectations to double this in 2024, indicating successful global expansion and profitability [4][6] Growth Potential - New Spring Co., Ltd. is actively expanding into exterior parts (bumpers, plastic tailgates, etc.) and seating business, aiming to increase per-vehicle value to 5,000 yuan, enhancing its position as a platform supplier [4][5] - Revenue forecasts indicate strong growth, with expectations of reaching 12 billion yuan in 2024, over 17 billion yuan in 2025, and exceeding 20 billion yuan in 2026; profits are projected to be 1.4 billion yuan in 2025 and 1.9 billion yuan in 2026, with growth rates between 30%-40% [4][7] Financial Performance and Valuation - The company has successfully controlled costs and improved profit margins through automation and personalized management, particularly in the Mexico factory, which has exceeded profit expectations [4][6] - The current valuation for 2025 is only 16 times earnings, which is considered attractive given the company's strong growth potential and successful global strategy [4][7] Additional Important Points - The global expansion strategy has significantly enhanced market competitiveness and performance, with the Mexico factory contributing revenue since 2022 and expected to double its income in 2024 [6] - Collaborations with major international automakers, such as Sogea and Anfenglin, are helping to expand global market share [6]

Group 1 - Investment Rating: Buy (Maintain) [7] - Current Price: 42.55 Yuan [7] Group 2 - The company is accelerating its globalization process by establishing a wholly-owned subsidiary in Germany, investing 36 million Euros in Munich to set up Xinquan (Europe) Co., Ltd., and an additional 30 million Euros in Bavaria for Xinquan (Bavaria) Automotive Parts Co., Ltd. [5][12] - This overseas expansion is expected to enhance product quality and responsiveness, further expanding the customer base among high-end foreign brands in Bavaria [5][12] Group 3 - The company reported a record high revenue of 3.44 billion Yuan in Q3 2024, representing a year-on-year increase of 28.1% and a quarter-on-quarter increase of 10.4%. The net profit attributable to the parent company was 270 million Yuan, up 48.0% year-on-year and 33.1% quarter-on-quarter [12] - Key customers such as Geely, Chery, Li Auto, and BYD have shown significant sales growth, with respective sales of 2.177 million, 2.604 million, 501 thousand, and 4.25 million units, reflecting year-on-year growth rates of 32.0%, 38.4%, 33.1%, and 41.3% [12] Group 4 - The company is a leading manufacturer of interior components, with ongoing global expansion and diversification strategies. Recent developments include establishing a joint venture in Malaysia and improving profitability in Mexico, with H1 2024 revenue reaching 325 million Yuan [13] - The company aims to expand its product range beyond dashboards and door panels to include seat back panels and exterior components [13] Group 5 - Revenue forecasts for 2024-2026 are projected at 132.1 billion Yuan, 172.0 billion Yuan, and 208.5 billion Yuan, with year-on-year growth rates of 25.0%, 30.2%, and 21.2% respectively. Net profit attributable to the parent company is expected to be 10.2 billion Yuan, 14.0 billion Yuan, and 18.7 billion Yuan, with growth rates of 26.7%, 37.2%, and 33.7% respectively [14] - The company’s financial metrics indicate a strong growth trajectory, with a projected CAGR of 32.4% from 2023 to 2026 [14]