| 证券代码：300893 | 证券简称：松原股份 公告编号：2025-011 | | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | 浙江松原汽车安全系统股份有限公司 第三届董事会第三十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江松原汽车安全系统股份有限公司（以下简称"公司"）第三届董事会第 三十三次会议于 2025 年 2 月 26 日以现场结合通讯的方式召开。本次会议已于 2025 年 2 月 19 日通过邮件、电话或专人送达的方式通知全体董事。本次会议应 参加董事 7 名，实际出席董事 7 名，会议的召集、召开方式和程序符合《公司法》 等法律法规及《公司章程》的有关规定。 具体内容详见公司同日在巨潮资讯（www.cninfo.com.cn）披露的《关于变 更公司证券简称的公告》（公告编号：2025-012）。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 三、备查文件 1、第三届董事会第三十三次会议决议。 1 特此公告。 浙江松原汽车安全系统股份有限公司 二、董事 ...

| 证券代码：300893 | 证券简称：松原股份 | 公告编号：2025-012 | | --- | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | | 浙江松原汽车安全系统股份有限公司 关于变更公司证券简称的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 根据中国汽车工业协会出具的相关证明文件，公司在安全带产品国内乘 用车市场占有率已升至 12%以上；公司气囊、方向盘产品近年来销售额也均稳 步提升。综上，公司目前已成为国内主流的安全系统解决方案供应商，整体规 模及国内地位和影响力也日渐提升。公司作为零部件行业深耕主业快速成长 的典型代表，持续深化专注汽车安全业务战略布局，在安全带、方向盘和安全 气囊等传统安全部件基础上，已形成覆盖碰撞感知、主动预警、智能约束的全 域安全产品矩阵。 自设立以来，公司一直聚焦汽车安全领域，安全系统业务始终作为战略主 轴贯穿企业生命周期，而作为 A 股目前少有的专注汽车安全系统的自主品牌 上市公司，当前股票简称未能充分反映细分赛道特征及公司在安全领域的核 心竞争力。基于此，为更好的体现公司战 ...

浙江松原汽车安全系统股份有限公司 | 证券代码：300893 | 证券简称：松原股份 | 公告编号：2025-010 | | --- | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | | （二）本次可转债变动情况 近日，公司收到债券持有人胡铲明先生的通知，获悉 2025 年 2 月 17 日至 2025 年 2 月 21 日，其通过深圳证券交易所大宗交易方式合计转让其所持有的 "松原转债"740,000 张，占本次可转债发行总量的 18.05%。胡铲明先生及其一 致行动人的具体变动情况如下： 关于债券持有人可转换公司债券持有比例变动达 10% 的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、可转换公司债券基本情况及配售情况 经中国证券监督管理委员会《关于同意浙江松原汽车安全系统股份有限公 司向不特定对象发行可转换公司债券注册的批复》(证监许可〔2023〕2621 号)核 准，浙江松原汽车安全系统股份有限公司(以下简称"公司"）于 2024 年 8 月 1 日向不特定对象发行了 410.00 万张可转换公司债券，每张 ...

Investment Rating - The investment rating for Songyuan Co., Ltd. (300893) is not explicitly stated in the provided documents, but the analysis suggests a positive outlook based on continuous order breakthroughs and market share growth. Core Viewpoints - The company has received a significant order from a leading domestic automotive manufacturer, marking its first project designation with this client, which is expected to enhance its position in the new energy vehicle supply chain [1][2]. - The company is expanding its product offerings beyond seat belts to include airbags and steering wheels, with the latter showing strong sales growth and stable gross margins above 20% [2]. - The company is making strides in international markets, securing project designations from a well-known European automotive manufacturer, which is anticipated to positively impact long-term growth [2]. - The company forecasts a revenue of approximately 1.98 billion yuan and a net profit of 292 to 310 million yuan for 2024, reflecting a year-on-year growth of 40.1% to 54.7% [2][4]. - Profit forecasts for the company indicate a net profit of 290 million yuan in 2024, 390 million yuan in 2025, and 510 million yuan in 2026, with corresponding EPS of 1.29, 1.73, and 2.27 yuan [3][4]. Summary by Relevant Sections Orders and Market Position - The company has achieved continuous breakthroughs in orders, enhancing its market share and reducing reliance on traditional fuel vehicle clients, thereby improving its cyclical resilience [2]. Product Development and Growth - The core business of the company, seat belt assembly, maintains a high gross margin, while the new product lines in airbags and steering wheels are experiencing rapid sales growth, contributing to the company's overall growth potential [2]. International Expansion - The establishment of a production base in Malaysia is underway, with plans to reach a production capacity of 500,000 sets per year by the second half of 2025, which will enhance the company's global delivery capabilities [2]. Financial Performance - The company’s revenue is projected to grow significantly, with a total revenue of 1.98 billion yuan in 2024, and a net profit forecasted to increase steadily over the next few years [4].

Investment Rating - The investment rating for Songyuan Co., Ltd. (300893) is not explicitly stated in the provided documents, but the analysis suggests a positive outlook based on recent developments and financial projections. Core Insights - The company has received a significant order from a leading domestic automotive manufacturer, marking its first project with this client, which is expected to enhance its position in the new energy vehicle supply chain [1][2]. - The company is expanding its product offerings beyond seat belts to include airbags and steering wheels, with the latter showing strong sales growth and stable profit margins [2]. - Songyuan Co., Ltd. is making strides in international markets, securing projects with European automotive manufacturers and establishing a production base in Malaysia to enhance global delivery capabilities [2]. - The company anticipates a revenue of approximately 1.98 billion RMB and a net profit of 292-310 million RMB for 2024, reflecting a year-on-year growth of 40.1%-54.7% [2][4]. Financial Summary - Total revenue is projected to grow from 1.28 billion RMB in 2023 to 1.98 billion RMB in 2024, representing a year-on-year growth rate of 54.6% [4]. - The net profit is expected to increase from 198 million RMB in 2023 to 292 million RMB in 2024, with a growth rate of 47.7% [4]. - The gross margin is forecasted to remain stable around 30.5% in 2024, with a return on equity (ROE) projected at 19.2% [4]. - Earnings per share (EPS) are expected to rise from 0.87 RMB in 2023 to 1.29 RMB in 2024, with corresponding price-to-earnings (P/E) ratios of 25.55 and 19.09 for 2024 and 2025, respectively [3][4].

浙江松原汽车安全系统股份有限公司 项目定点公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、定点通知概况 浙江松原汽车安全系统股份有限公司（以下简称"公司"）近日收到了国内 知名汽车制造商 X 客户（限于保密要求，无法披露其名称，以下简称"X 客户"） 的定点通知书，公司获得该客户的项目定点，公司作为 X 客户合格供应商，将为 该客户部分车型提供整车安全带产品。此次定点项目具体情况如下：供货产品为 前后排安全带，生命周期 5 年，生命周期内产量总计约 40-50 万台，销售额折合 人民币约 3,600 万元。 二、对上市公司的影响 X 客户是国内造车新势力第一梯队，本次定点为公司首次获得其项目定点， 是客户对公司在被动安全系统方面的项目研发、生产制造、质量管理等方面的认 可。 | 证券代码：300893 | 证券简称：松原股份 | 公告编号：2025-009 | | --- | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | | 三、风险提示 1、定点通知并不反映客户最终的实际采购量，在签发采购订单之前，X 客户 有权因 ...

| 证券代码：300893 | 证券简称：松原股份 | 公告编号：2025-008 | | --- | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | | 浙江松原汽车安全系统股份有限公司 关于债券持有人可转换公司债券持有比例变动达 10% 的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、可转换公司债券基本情况及配售情况 近日，公司收到债券持有人胡铲明先生的通知，获悉截至 2025 年 2 月 14 日，其通过深圳证券交易所大宗交易方式合计转让其所持有的"松原转债" 500,000 张，占本次可转债发行总量的 12.20%。胡铲明先生及其一致行动人的具 体变动情况如下： | 债券持有人 名称 | | 本次变动前 | 本次变动情况 | | 本次变动后 | | | --- | --- | --- | --- | --- | --- | --- | | | 持有数量 | 占发行总 | 变动数量 | 占发行总 | 持有数量 | 占发行总 | | | （张） | 量比例 | （张） | 量比例 | （张） | 量比例 | | ...

Group 1: Business Performance and Growth - The company maintains a high growth trend in its main business, achieving a "good start" in the new year, supported by product cost-performance advantages and brand strength [2] - The overall revenue for 2024 is projected to reach nearly 2 billion yuan, with significant improvements in profitability [5] - The company expects to maintain a compound annual growth rate of over 30% in the coming years [11] Group 2: Product Segments and Profitability - The safety belt assembly division is the primary growth driver, with stable high profit margins [4] - The airbag and steering wheel division has seen annual sales growth doubling, with profit margins stabilizing above 20% [4] - The company is focusing on enhancing the gross margin through scale effects and improved production efficiency [3] Group 3: Market Position and Client Structure - The company is upgrading its client structure, aiming to penetrate the global market as a supplier of independent brand components [5] - Strategic partnerships with mainstream brands like Li Auto are expected to expand into mid-to-high-end models [5] - The company is also increasing its supply share to strategic clients in the commercial vehicle sector [5] Group 4: Expansion and New Projects - The Chao Lake base is the company's first overseas project, which has begun industrialization and is expected to enhance production capacity [6] - The Malaysian factory is on track to commence production in Q4 of the current year [6] - The company is investing in new product development, focusing on smart and electronic products, as well as exploring innovative materials and applications [7] Group 5: Financial Strategies and Market Outlook - The first phase of the convertible bond project has entered the conversion period, with plans for a second phase already disclosed [11] - The company will utilize its public platform for reasonable refinancing arrangements to meet capital needs [11] - The recent market performance has been weak, but the company is committed to delivering strong results to enhance investor confidence [11]

特别提示： 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 浙江松原汽车安全系统股份有限公司（以下简称"公司"）经中国证券监 督管理委员会"证监许可〔2023〕2621 号"文核准，公司于 2024 年 8 月向不特 定对象发行了 410.00 万张可转换公司债券，每张面值 100 元，发行总额 41,000.00 万元，募集资金净额 40,210.89 万元。 （二）可转换公司债券上市情况 公司本次发行的可转换公司债券已于 2024 年 8 月 22 日在深圳证券交易所挂 牌上市交易，债券简称"松原转债"，债券代码"123244"。 | 证券代码：300893 | 证券简称：松原股份 公告编号：2025-007 | | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | 浙江松原汽车安全系统股份有限公司 关于松原转债开始转股的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 1、证券代码：300893，证券简称：松原股份 2、债券代码：123244，债券简称：松原转债 3、转股价格：28.69 元/股 4、转股 ...

浙江松原汽车安全系统股份有限公司 第三届董事会第三十二次会议决议公告 | 证券代码：300893 | 证券简称：松原股份 公告编号：2025-003 | | --- | --- | | 债券代码：123244 | 债券简称：松原转债 | 二、董事会会议审议情况 经董事会审议和表决，形成决议如下： （一）审议通过《关于公司为全资子公司提供担保的议案》 为满足公司纳入公司合并报表范围内的子公司生产经营和项目建设资金需 要，公司拟为全资子公司浙江星盾汽车科技有限公司向业务相关方（包括但不限 于银行、金融机构及其他业务合作方）申请授信时提供担保，预计担保额度不超 过人民币 50,000 万元。具体内容详见公司同日在巨潮资讯（www.cninfo.com.cn） 披露的《关于公司为全资子公司提供担保的公告》（公告编号：2025-005）。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江松原汽车安全系统股份有限公司（以下简称"公司"）第三届董事会第 三十二次会议于 2025 年 1 月 24 日以现场结合通讯的方式召开。本次会议已于 2025 ...