证券代码：603786 证券简称：科博达 公告编号：2025-074 科博达技术股份有限公司 第三届监事会第二十次会议决议公告 科博达技术股份有限公司（以下简称"公司"）第三届监事会第二十次会议 通知于 2025 年 10 月 21 日以邮件方式发出，并于 2025 年 10 月 27 日上午 11:00 时以现场会议召开。会议应出席监事 3 名，实际出席监事 3 名，会议由监事会主 席吴弘先生主持。本次会议的召集、召开程序符合《中华人民共和国公司法》及 《公司章程》等有关规定，会议合法有效。 二、监事会会议审议情况 （一）审议通过了《关于 2025 年第三季度报告的议案》 根据《上海证券交易所股票上市规则》、《证券法》等法律法规的相关要求， 公司全体监事对公司编制的 2025 年第三季度报告进行了认真严格的审核，并发 表如下审核意见： 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 （二）审议通过了《关于取消监事会并废止<监事会议事规则>的议案》 （1）公司 2025 年第三季度报告的编制和审议程序符 ...

证券代码：603786 证券简称：科博达 公告编号：2025-073 科博达技术股份有限公司 第三届董事会第二十二次会议决议公告 二、董事会会议审议情况 （一）审议通过了《关于 2025 年第三季度报告的议案》 该议案已经审计委员会审议通过，并同意提交公司董事会审议。 详见同日披露的《科博达技术股份有限公司 2025 年第三季度报告》。 表决结果：9 票赞成；0 票反对；0 票弃权。 （二）审议通过了《关于修订<公司章程>的议案》 根据《公司法》、中国证监会《上市公司章程指引》《上市公司治理准则》 及《关于新〈公司法〉配套制度规则实施相关过渡期安排》等相关规定，公司拟 不再设立监事会，由董事会审计委员会行使《公司法》规定的监事会的职权。同 意结合公司实际情况对《公司章程》的部分条款进行修订完善。 详见同日披露的《科博达技术股份有限公司关于取消监事会并修订<公司章 程>及相关配套制度的公告》（公告编号：2025-075）及《科博达技术股份有限 公司章程》。 表决情况：9 票赞成；0 票反对；0 票弃权。 本议案尚需提交公司股东大会审议。 （三）审议通过了《关于修订<股东大会议事规则>部分条款的议案》 本公司董事 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,732,764,236.09, representing an increase of 11.76% compared to the same period last year[4] - The total profit for the period was ¥243,682,677.00, showing a slight decrease of 1.89% year-over-year[4] - Net profit attributable to shareholders was ¥217,685,383.78, a decrease of 0.12% compared to the previous year[4] - The basic earnings per share for the period was ¥0.5397, a decrease of 0.04% compared to the same period last year[4] - The company reported a decrease of 11.26% in net profit after deducting non-recurring gains and losses, totaling ¥207,796,523.53 for the quarter[4] - Total operating revenue for the first three quarters of 2025 reached ¥4,997,248,825.76, an increase of 16.5% compared to ¥4,290,786,909.91 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was ¥674,733,851.52, compared to ¥596,913,178.62 in 2024, representing an increase of 13.0%[25] - Earnings per share for the first three quarters of 2025 were ¥1.6042, up from ¥1.4072 in the same period of 2024, indicating a growth of 14.0%[26] Revenue Breakdown - Revenue from the automotive parts segment was ¥4,838,210,962.47, with a year-over-year increase of 16.44%[13] - Domestic revenue amounted to ¥3,085,704,498.12, up 13.66% year-over-year, while international revenue grew by 21.69% to ¥1,752,506,464.35[14] Cash Flow and Investments - The net cash flow from operating activities increased by 57.06% year-to-date, primarily due to increased sales collections[11] - Cash generated from operating activities in the first three quarters of 2025 was ¥5,165,486,594.60, compared to ¥4,349,048,703.28 in 2024, marking an increase of 18.8%[28] - Operating cash inflow totaled ¥5,344,523,463.45, an increase from ¥4,537,275,570.42, reflecting a growth of approximately 17.7% year-over-year[29] - Cash received from investment recoveries was ¥2,900,816,592.80, significantly higher than ¥1,733,685,965.00 previously[29] - Cash paid for the acquisition of fixed assets was ¥256,506,509.02, compared to ¥223,516,099.62 in the last period, showing an increase of about 14.8%[29] - The company received ¥40,000,000.00 from investment absorption, with no previous figures reported for comparison[30] Assets and Liabilities - The company reported a total asset value of ¥8,152,575,871.22, reflecting a growth of 7.39% from the end of the previous year[5] - Total assets as of the end of the reporting period were ¥8,152,575,871.22, up from ¥7,591,532,610.69, reflecting a growth of 7.4%[22] - Total liabilities increased to ¥2,618,465,766.85 from ¥2,171,432,126.37, representing a rise of 20.6%[22] - The company's equity attributable to shareholders rose to ¥5,446,881,323.52 from ¥5,290,852,687.88, an increase of 2.9%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,271[16] - The largest shareholder, Kebo Da Investment Holdings Co., Ltd., holds 239,449,043 shares, accounting for 59.29% of total shares[16] - The second-largest shareholder, Ke Guihua, holds 25,655,234 shares, representing 6.35% of total shares[16] - The company has no preferred shareholders with restored voting rights[16] - There are no significant changes in the top 10 shareholders due to margin trading or securities lending[17] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥402,250,266.46, compared to ¥370,029,522.47 in 2024, showing an increase of 8.7%[25] Cash and Equivalents - Total current assets amount to 6,100,029,408.31 RMB, an increase from 5,838,063,702.14 RMB in the previous period[20] - Cash and cash equivalents are reported at 1,124,276,635.58 RMB, up from 1,062,308,530.87 RMB[20] - The total cash and cash equivalents at the end of the period reached ¥1,122,276,635.58, down from ¥1,216,764,141.68[30] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥50,508,053.28, contrasting with a negative impact of -¥790,858.95 previously[30]

Core Insights - The company reported third-quarter revenue of 1.733 billion, representing a year-on-year increase of 11.76% [1] - Net profit for the third quarter was 218 million, showing a slight decline of 0.12% year-on-year [1] - For the first three quarters, total revenue reached 4.997 billion, reflecting a year-on-year growth of 16.46% [1] - Net profit for the first three quarters was 646 million, which is a year-on-year increase of 14.21% [1]

Core Viewpoint - Kobotar (603786.SH), a leader in automotive lighting control, has announced its first refinancing plan post-IPO, aiming to raise up to 1.491 billion yuan through convertible bonds to expand production capacity and upgrade R&D in automotive electronics and intelligent driving [1][2] Financing Plan - The company plans to allocate the raised funds to five major projects, including capacity expansion for automotive central computing platforms and intelligent driving domain control products, as well as construction of new bases and R&D projects [2][3] - The total investment for these five projects amounts to 1.802 billion yuan, with the company intending to use the 1.491 billion yuan raised from the bond issuance [2] Strategic Acquisitions and Expansion - In September, Kobotar acquired 60% of Kobotar Intelligent for 345 million yuan, increasing its stake to 80%, marking its entry into the automotive intelligence product sector [3] - The company has established its Anhui base as its second-largest production facility in China, focusing on enhancing production capacity for core products like lighting control systems and motor control systems [3] Overseas Market Growth - Kobotar has been expanding its overseas manufacturing bases, with a focus on synchronizing market and production globalization [4][5] - The company’s overseas revenue share increased from 29.58% in 2020 to 32.19% in 2024, with overseas revenue reaching 1.148 billion yuan in the first half of 2025, a year-on-year increase of 23.19% [5] Financial Performance - Kobotar reported a revenue of 3.047 billion yuan and a net profit of 451 million yuan in the first half of 2025, representing year-on-year growth of 11.10% and 21.34%, respectively [5][6] - The company’s core business, lighting control systems, generated 1.544 billion yuan in revenue in the first half of 2025, accounting for over 50% of total revenue [5] R&D Investment - Kobotar has significantly increased its R&D investment, with expenses rising from 240 million yuan in 2020 to 456 million yuan in 2024, establishing technological barriers across various fields [6]

Core Insights - The article discusses the competitive landscape of global Tier 1 automotive suppliers, highlighting the rise of Chinese manufacturers in the electric and intelligent driving sectors while traditional players face challenges [2][4][5]. Group 1: Global Tier 1 Suppliers Ranking - The top 20 global Tier 1 automotive suppliers for 2025 are led by Bosch, ZF Friedrichshafen, and Denso, with strengths in automotive electronics, powertrains, and autonomous driving [2]. - Notable Chinese suppliers like Desay SV and Foryoung are making significant strides in intelligent driving and automotive electronics, indicating a shift in market dynamics [2][5]. Group 2: Trends in Electrification and Intelligence - The electrification trend is accelerating, with battery manufacturers like CATL and BYD increasing their market share, particularly in the context of rapid growth in new energy vehicles [3]. - Intelligent driving and smart cockpit technologies are emerging as core growth areas, with Chinese firms gaining market share in these domains [3]. Group 3: Market Competition Dynamics - Traditional Tier 1 suppliers such as Bosch and ZF are experiencing revenue and profit declines in 2024, despite their established technological advantages [4]. - Chinese Tier 1 suppliers are breaking through barriers in the new energy and intelligent driving sectors, challenging the dominance of international players [5]. Group 4: Regional Market Changes - The Chinese market is witnessing rapid growth in new energy vehicles, providing substantial opportunities for local Tier 1 suppliers [10]. - In contrast, the European and American markets are experiencing a slowdown in electrification but continue to demand advancements in autonomous driving and smart cockpit technologies [10]. Group 5: Technological Innovation and Collaboration - Suppliers with comprehensive capabilities in hardware, software, and system integration are expected to capture larger market shares in the future [6]. - Traditional Tier 1 suppliers are investing in Chinese startups and developing localized products to regain their competitive edge [6].

Core Viewpoint - The company Kobot announced plans to issue convertible bonds to raise no more than 1.491 billion yuan, which will be allocated to various projects including capacity expansion and technology development [1]. Group 1: Fundraising and Allocation - Kobot plans to issue convertible bonds to unspecified investors to raise up to 1.491 billion yuan [1]. - The funds will be used for the expansion of production capacity for automotive central computing platforms and intelligent driving domain control products at Kobot Intelligent Technology (Anhui) Co., Ltd. [1]. - Additional allocations include the construction of the second phase of Kobot (Anhui) Automotive Electronics Co., Ltd. and capacity expansion for automotive electronic products at Zhejiang Kobot Industrial Co., Ltd. [1]. - The funds will also support the headquarters technology research and development and information technology construction projects at Kobot Technology Co., Ltd. and supplement working capital [1].

Group 1 - The core point of the news is that Kobotda's stock price increased by 5.05% to 83.89 CNY per share, with a trading volume of 5.12 billion CNY and a market capitalization of 33.88 billion CNY as of the report date [1] - Kobotda Technology Co., Ltd. is located in the China (Shanghai) Free Trade Zone and was established on September 12, 2003, with its listing date on October 15, 2019. The company's main business involves the research, production, and sales of automotive electronic products, with 96.77% of its revenue coming from automotive parts and 3.23% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Furong Fund has a significant position in Kobotda. The Furong Fuxin Mixed A Fund (004794) held 800 shares in the second quarter, unchanged from the previous period, accounting for 4.11% of the fund's net value, making it the fourth-largest holding. The estimated floating profit today is approximately 3,224 CNY [2] - The Furong Fuxin Mixed A Fund (004794) was established on February 13, 2018, with a current scale of 227.3 million CNY. Year-to-date, it has a loss of 0.44%, ranking 8005 out of 8154 in its category; over the past year, it has a loss of 0.58%, ranking 7754 out of 8025; and since inception, it has a loss of 15.48% [2]

Core Viewpoint - Company KBD plans to issue convertible bonds to raise up to 1.49 billion RMB for various projects and working capital [1][5] Group 1: Convertible Bond Issuance - KBD intends to issue convertible bonds with a total amount not exceeding 149,074,000 RMB, which will be used for capacity expansion projects and working capital [1][2] - The projects include the expansion of automotive central computing platforms, automotive electronics production bases, and technology R&D [1][2] - The bonds will be issued at face value of 100 RMB each, with a term of 6 years [2][3] Group 2: Financial Performance - For the first half of 2025, KBD reported revenue of 3.05 billion RMB, an increase of 11.10% year-on-year, and a net profit of 450.86 million RMB, up 21.34% [5][6] - The net cash flow from operating activities reached 447.76 million RMB, a significant increase of 255.73% compared to the previous year [5][6] - KBD's projected revenues for 2022, 2023, and 2024 are 3.38 billion RMB, 4.63 billion RMB, and 5.97 billion RMB respectively, with net profits increasing correspondingly [7][8] Group 3: Strategic Investments - KBD has acquired a 60% stake in KBD Intelligent Technology for 34.5 million RMB, enhancing its capabilities in the automotive intelligence sector [9][10] - The acquisition is expected to align with KBD's strategic goals in the automotive electronics market [10][11] - KBD Intelligent Technology reported revenues of 1.78 million RMB and 2.99 million RMB for 2024 and 2025 respectively, although it has incurred net losses [12][13]

Key Points - Hang Seng Electronics has sold a total of 8.109954 million shares of Ying Shisheng A-shares [1][2] - Chuanfa Longmang's subsidiary plans to invest in a 100,000 tons/year lithium dihydrogen phosphate project [1] - Shenghui Integration's subsidiary in Vietnam has won a public system engineering project worth approximately 278 million yuan [1][2] - Jinlong Automobile intends to transfer 63.0757% of its equity in Suzhou Jinlong to the company [1][2] - Hunan Haili has completed the repurchase of 2.9996% of its shares [2] - Shengtun Mining has completed the repurchase of 1.8968% of its A-shares [1][2] - Yiwei Lithium Energy reported a net profit of 1.211 billion yuan for the third quarter, a year-on-year increase of 15.13% [1] - Lixin Micro's controlling shareholder Yijing Investment plans to reduce its stake by no more than 3.00% [1][2] - Shuangliang Energy plans to raise no more than 1.292 billion yuan through a private placement [1][2] - Kebo Da intends to issue convertible bonds to raise no more than 1.491 billion yuan [1][2]