Business Overview - The company operates primarily in two segments: automotive parts and automotive sales and services [2][3] - The automotive parts segment focuses on crankshaft products for various domestic and international manufacturers, leading in production and sales in the domestic passenger vehicle crankshaft industry [3] - The automotive sales segment includes brands such as SAIC Volkswagen, FAW Volkswagen, and new energy brands like Xiaomi and Avita [2][3] Financial Performance - In 2024, the company reported revenue of CNY 3.595 billion, a decrease of 6.73% year-on-year, with a net loss of CNY 20.057 million, improving by 84.05% compared to the previous year [3] - The crankshaft production reached 2.549 million units in 2024, a year-on-year increase of 43.89%, while sales were 2.531 million units, up 40.84% [3] - For the first three quarters of 2025, revenue was CNY 2.183 billion, down 16.98%, but net profit increased by 279.04% to CNY 42.775 million [3] Product and Market Strategy - The company’s crankshaft products have a gross margin of 23.47% in 2024 and 21.94% in the first half of 2025 [4] - The product layout follows a "361" strategy: 30% from traditional fuel vehicle crankshafts, 60% from new energy vehicle crankshafts, and 10% from other new automotive parts [5] - Plans for a new production line for new energy vehicle crankshafts with an investment of CNY 200 million to produce 600,000 units annually [8] Customer and Revenue Sources - Major clients include Chery, Li Auto, BYD, and others in the automotive sector [4] - The automotive sales segment profits mainly from dealer rebates and after-sales services [6] Future Directions - The company aims to enhance its presence in the new energy vehicle sector and precision manufacturing [8] - Adjustments in the automotive sales strategy include optimizing brand structure and improving operational efficiency through a main store + satellite store model [8] Shareholder Information - The controlling shareholder, Tianjin Rongcheng Material Group, has no current plans to inject assets into the listed company [9]

Group 1 - The core point of the article indicates that Haowu Co., Ltd. has experienced a decrease in the number of shareholders for the second consecutive period, with a reduction of 2,151 shareholders, representing a 7.74% decline compared to the previous period [2] - As of the latest report, Haowu's closing price is 5.92 yuan, reflecting a decrease of 0.67%, while the stock price has increased by 7.05% cumulatively since the concentration of shares began [2] - The company's third-quarter report shows that it achieved an operating income of 2.183 billion yuan, a year-on-year decrease of 16.98%, while net profit reached 42.7752 million yuan, a significant year-on-year increase of 279.04% [2]

Market Overview - The automotive service sector increased by 1.02% on November 3, with Altec leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Altec (300825) closed at 11.72, with a rise of 2.45% and a trading volume of 227,000 shares, amounting to a transaction value of 266 million yuan [1] - Other notable performers included: - Sunbo Holdings (600653) at 2.10, up 2.44% [1] - Beiba Media (600386) at 4.95, up 2.06% [1] - China Automotive Research (601965) at 17.44, down 0.40% [2] Capital Flow Analysis - The automotive service sector experienced a net outflow of 8.8372 million yuan from institutional investors and 6.992 million yuan from speculative funds, while retail investors saw a net inflow of 15.826 million yuan [2] - Altec had a net inflow of 7.6732 million yuan from institutional investors, but a net outflow of 9.5789 million yuan from retail investors [3] - China Automotive Research faced a significant net outflow of 4.0169 million yuan from institutional investors, while retail investors contributed a net inflow of 5.3581 million yuan [3]

Market Overview - The automotive service sector increased by 1.04% on October 31, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Haowu Co., Ltd. (code: 000757) closed at 5.96, up 4.93% with a trading volume of 320,600 shares and a transaction value of 188 million [1] - Other notable performers included: - Alter (code: 300825) closed at 11.44, up 3.62% with a transaction value of 164 million [1] - Jiaoyun Co., Ltd. (code: 600676) closed at 6.38, up 1.27% with a transaction value of approximately 79.2 million [1] - Dezhong Automobile (code: 920030) closed at 7.46, up 1.22% with a transaction value of approximately 34.9 million [1] Capital Flow - The automotive service sector experienced a net outflow of 15.16 million from institutional investors and 18.44 million from speculative investors, while retail investors saw a net inflow of 33.60 million [1] - Detailed capital flow for key stocks included: - Haowu Co., Ltd. had a net inflow of 28.09 million from institutional investors but a net outflow of 9.73 million from speculative investors [2] - Alter experienced a net inflow of 9.34 million from institutional investors but a net outflow of 0.45 million from speculative investors [2] - Jiaoyun Co., Ltd. had a net outflow of 7.24 million from institutional investors but a net inflow of 5.24 million from retail investors [2]

Core Insights - The automotive service sector experienced a decline of 0.63% on October 30, with Altec leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Automotive Service Sector Performance - Notable stock performances included: - Zhongqi Co., Ltd. (301215) closed at 6.69, up 2.45% with a trading volume of 366,600 shares and a turnover of 244 million yuan - Guoji Automobile (600335) closed at 6.16, up 1.32% with a trading volume of 282,800 shares and a turnover of 175 million yuan - Altec (300825) closed at 11.04, down 4.08% with a trading volume of 148,500 shares and a turnover of 167 million yuan [1][2] Capital Flow Analysis - The automotive service sector saw a net outflow of 86.0016 million yuan from institutional investors, while retail investors contributed a net inflow of 113 million yuan [2] - Individual stock capital flows indicated: - Zhongqi Co., Ltd. had a net inflow of 23.6957 million yuan from institutional investors, while retail investors contributed 0.9225 million yuan - Altec experienced a significant net outflow of 39.6543 million yuan from institutional investors, with a retail net inflow of 18.7056 million yuan [3]

Core Insights - The automotive service sector experienced a rise of 1.99% on October 28, with Xiamen Xinda leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Automotive Service Sector Performance - Xiamen Xinda (000701) closed at 6.69, up 7.73% with a trading volume of 1.2489 million shares [1] - Alter (300825) closed at 11.59, up 6.33% with a trading volume of 352,300 shares [1] - China Automotive Research (601965) closed at 17.42, up 3.81% with a trading volume of 133,900 shares [1] - Other notable performances include Beiba Media (600386) up 0.83%, and Zhongqi Co. (301215) up 0.61% [1] Capital Flow Analysis - The automotive service sector saw a net inflow of 58.608 million yuan from institutional investors, while retail investors experienced a net inflow of 2.4411 million yuan [2] - Speculative funds had a net outflow of 61.049 million yuan [2] Individual Stock Capital Flow - Alter (300825) had a net inflow of 63.7984 million yuan from institutional investors, but a net outflow of 35.6794 million yuan from speculative funds [3] - Xiamen Xinda (000701) saw a net inflow of 13.2814 million yuan from institutional investors, with a small net inflow from retail investors [3] - China Automotive Research (601965) had a net inflow of 3.9191 million yuan from institutional investors, but a significant outflow from speculative funds [3]

Core Viewpoint - The company has shown a significant improvement in net profit despite a decline in revenue, indicating a positive trend in profitability and operational efficiency [1][2]. Financial Performance - For the first three quarters of 2025, the company reported revenue of 2.183 billion, a year-on-year decrease of 16.98%, while net profit reached 42.7752 million, a year-on-year increase of 279.04% [1]. - In the third quarter alone, the company achieved revenue of 726 million, down 18.69% year-on-year, with net profit of 12.3436 million, up 324.27% year-on-year [1]. - The company has maintained positive net profit for four consecutive quarters since Q4 2024, indicating a continuous improvement in profitability [1]. Business Segments - The company operates primarily in two segments: automotive sales and services, and internal combustion engine crankshaft manufacturing [1]. - The automotive sales and services segment includes vehicle sales, maintenance services, and comprehensive services, with key brands including SAIC Volkswagen, FAW Volkswagen, FAW Toyota, Dongfeng Nissan, and various new energy vehicle brands [1]. Strategic Initiatives - The company is optimizing its revenue structure and cost management, which has led to a sustained increase in profitability [2]. - The focus on new energy vehicles and enhanced after-sales service is expected to drive further growth in revenue and market share [2][3]. - The company plans to use 679.482 million from surplus reserves and 876 million from capital reserves to offset cumulative losses, which will improve its financial stability and net asset quality [2][3]. Market Outlook - The demand for new energy and smart vehicles is expected to grow, providing opportunities for the company to expand its market presence and enhance brand partnerships [2]. - Improving financial conditions may attract more investors and support future growth initiatives, including potential green bond issuance [3].

Core Viewpoint - Haowu Co., Ltd. reported a net profit of 42.78 million yuan for the first three quarters of 2025, marking a turnaround from losses, with a third-quarter net profit of 12.34 million yuan [1] Financial Performance - The company achieved a net profit attributable to shareholders of 42.78 million yuan in the first three quarters of 2025, compared to previous losses [1] - In the third quarter alone, the net profit attributable to shareholders was 12.34 million yuan, indicating a significant recovery [1] Loss Compensation Announcement - Haowu Co., Ltd. announced plans to use its capital reserves to cover previous losses, specifically utilizing 67.95 million yuan from surplus reserves and 876.01 million yuan from capital reserves, totaling approximately 943.96 million yuan [1] - Following the implementation of this plan, the company's surplus reserves will be reduced to 0 yuan, and capital reserves will decrease to approximately 747.18 million yuan, resulting in a cumulative undistributed profit of 0 yuan on the parent company’s financial statements [1] - The company stated that this plan complies with relevant laws and regulations, aiming to enhance investor returns and promote high-quality development [1]

Core Viewpoint - Haowu Co., Ltd. (000757.SZ) reported its Q3 2025 results, highlighting a total institutional shareholding of 193 million shares, representing 36.15% of the company's total equity, with a slight decline in institutional ownership compared to the previous quarter [1] Institutional Shareholding - As of October 27, 2025, seven institutional investors disclosed their holdings in Haowu Co., Ltd., with a combined shareholding of 193 million shares, accounting for 36.15% of the total equity [1] - The institutional ownership decreased by 1.64 percentage points compared to the previous quarter [1] Public Fund Disclosure - In this reporting period, 75 public funds were not disclosed compared to the previous quarter, including notable funds such as NuAn Multi-Strategy Mixed A, Guojin Quantitative Multi-Factor A, and others [1] Foreign Investment Attitude - The report noted that J.P. Morgan Securities PLC, which was previously disclosed, is no longer listed as a foreign institutional investor in this quarter [1]

Core Viewpoint - The company, Sichuan Haowu Electromechanical Co., Ltd., has announced its third-quarter financial report for 2025, including a proposal to use its surplus and capital reserves to cover accumulated losses, which is subject to shareholder approval [10][20][22]. Financial Data Summary - The company reported a retrospective adjustment of operating costs amounting to 7,568,079.68 yuan and a reduction in selling expenses by the same amount due to a change in accounting policy effective from January 1, 2024 [3]. - The total accumulated losses of the company as of December 31, 2024, were reported at -943,956,237.16 yuan, with surplus reserves of 67,948,162.86 yuan and capital reserves of 1,623,187,729.93 yuan [20]. - The company plans to use a total of 943,956,237.16 yuan from its surplus and capital reserves to offset these losses, which will reduce the surplus reserves to 0 yuan and the capital reserves to 747,179,655.63 yuan [20]. Asset Impairment Provision - The company has recognized an asset impairment provision of 13.56 million yuan for the first three quarters of 2025, which includes a write-off of bad debt provisions amounting to 2.58 million yuan and a reversal of inventory impairment provisions of 9.71 million yuan [50][56]. - The impairment provisions are based on a comprehensive review of the company's assets to ensure accurate reflection of its financial status and operational results [49][56]. Shareholder Meeting - A temporary shareholder meeting is scheduled for November 12, 2025, to discuss the proposal regarding the use of reserves to cover losses, among other matters [14][24]. - The meeting will allow shareholders to vote both in person and via an online platform, ensuring compliance with relevant regulations [26][34].