证券代码：301023 证券简称：江南奕帆 公告编号：2025-072 无锡江南奕帆电力传动科技股份有限公司 关于控股股东部分股份解除质押的公告 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。 截至本公告披露日，刘锦成先生股份质押数量合计占其所持公司股份数量比 例为 42.78%，其资信状况良好，具备良好的资金偿还能力，质押风险可控，不 存在平仓风险，不会对公司生产经营、公司治理等产生影响，也不会导致公司实 | 股东名 | 是否为控股 股东或第一 | 本次解除质 | 占其所 | 占公司总 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 称 | | 押股份数量 | 持股份 | 股本比例 | 质押起始日 | 质押到期日 | 质权人 | | | 大股东及其 | （股） | 比例 | | | | | | | 一致行动人 | | | | | | | | 刘锦成 | 是 | 1,600,000 | 5.27% | 2.05% | 2024/11/6 | 2025/11/17 | 中原信托有限公司 | ...

Core Insights - Jiangnan Yifan's stock price increased by 0.38% on November 14, with a trading volume of 48.08 million yuan. The financing buy-in amount was 4.87 million yuan, while the financing repayment was 7.12 million yuan, resulting in a net financing outflow of 2.24 million yuan [1] - As of November 14, the total margin balance for Jiangnan Yifan was 88.92 million yuan, accounting for 2.85% of its market capitalization, indicating a high level compared to the past year [1] - The company reported a decrease in revenue and net profit for the first nine months of 2025, with revenue of 202 million yuan (down 0.31% year-on-year) and a net profit of 58.33 million yuan (down 19.07% year-on-year) [2] Financing and Margin Data - On November 14, Jiangnan Yifan had a financing buy-in of 4.87 million yuan, with a total financing balance of 88.92 million yuan, which is above the 50th percentile level for the past year [1] - The company had no short-selling activity on November 14, with a short-selling balance of 0 yuan, indicating a high level of short-selling availability compared to the past year [1] Business Performance - Jiangnan Yifan's main business involves the research, development, manufacturing, and sales of customized micro-reduction motors, with revenue contributions from energy storage reduction motors (67.29%), RV reduction motors (15.11%), other products (9.18%), and solar motors (8.42%) [1] - The company has distributed a total of 240 million yuan in dividends since its A-share listing, with 197 million yuan distributed over the past three years [3]

Core Points - The electric motor sector experienced a decline of 2.03% on the trading day, with Fangzheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Bafang Co., Ltd. (603489) closed at 31.24, up 3.65% with a trading volume of 65,100 shares and a transaction value of 201 million yuan [1] - Kangping Technology (300907) closed at 32.66, up 1.90% with a trading volume of 26,000 shares and a transaction value of 84.69 million yuan [1] - Huarui Co., Ltd. (300626) closed at 13.15, up 1.47% with a trading volume of 176,600 shares [1] - Tongda Power (002576) closed at 17.93, up 0.50% with a trading volume of 33,200 shares and a transaction value of 59.67 million yuan [1] - Mingzhi Electric (603728) closed at 66.32, up 0.48% with a trading volume of 61,700 shares [1] - Jiangnan Yifan (301023) closed at 40.05, up 0.38% with a trading volume of 12,000 shares and a transaction value of 48.08 million yuan [1] - Huayang Intelligent (301502) closed at 47.90, up 0.23% with a trading volume of 4,544 shares and a transaction value of 21.83 million yuan [1] - Shenli Co., Ltd. (603819) closed at 12.21, up 0.08% with a trading volume of 40,700 shares and a transaction value of 49.83 million yuan [1] - Dibei Electric (603320) closed at 19.40, down 0.05% with a trading volume of 15,500 shares and a transaction value of 30.12 million yuan [1] - China Electric Motor (603988) closed at 26.10, down 0.15% with a trading volume of 46,300 shares and a transaction value of 121 million yuan [1] Capital Flow - The electric motor sector saw a net outflow of 1.037 billion yuan from main funds, while retail investors contributed a net inflow of 966 million yuan [3] - Speculative funds recorded a net inflow of 70.95 million yuan [3]

北京德恒（无锡）律师事务所 关于无锡江南奕帆电力传动科技股份有限公司 2025 年第三次临时股东大会的 法律意见 无锡市滨湖区太湖新城金融一街 15 号平安财富中心 8 层 电话:0510-85215998 传真:0510-85215778 邮编:214000 北京德恒（无锡）律师事务所 关于无锡江南奕帆电力传动科技股份有限公司 2025 年第三次临时股东大会的法律意见 北京德恒（无锡）律师事务所 关于无锡江南奕帆电力传动科技股份有限公司 2025 年第三次临时股东大会的 法律意见 致：无锡江南奕帆电力传动科技股份有限公司 北京德恒（无锡）律师事务所受无锡江南奕帆电力传动科技股份有限公司（以 下简称"江南奕帆"或"公司"）委托，指派本所律师出席无锡江南奕帆电力传动科 技股份有限公司 2025 年第三次临时股东大会（以下简称"本次股东大会"），并 对本次股东大会的合法性进行见证并出具法律意见。本法律意见根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）等有关法律、法规和规范性文件以及《无锡江南奕帆电力传 动科技股份有限公司章程》（以下简称"《公司章程》 ...

证券代码：301023 证券简称：江南奕帆 公告编号：2025-071 无锡江南奕帆电力传动科技股份有限公司 2025年第三次临时股东大会决议公告 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。 特别提示： 1、本次股东大会没有出现否决议案的情形； 2、本次股东大会没有涉及变更前次股东大会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 6、会议召开的合法性、合规性：本次股东大会会议的召集、召开与表决程 序符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 (二)会议出席情况 1、会议召开时间： （1）现场会议召开时间：2025年11月13日（星期四）15:00。 （2）网络投票时间：2025年11月13日（星期四）。 其中，通过深圳证券交易所交易系统进行网络投票的时间为2025年11月13 日（9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统（ http://wltp.cninfo.com.cn）进行网络投票的具体时间为：2025年11月13日9:15至 15:00的任意时间。 2、现 ...

Core Viewpoint - Jiangnan Yifan announced that shareholder Song Yiqun has reduced her holdings by a total of 336,340 shares, accounting for 0.4317% of the total share capital after deducting repurchased shares, and the reduction plan has been completed [1] Summary by Relevant Sections - Shareholder Activity - Song Yiqun has completed her share reduction plan, selling 336,340 shares [1] - After the reduction, she holds 1,907,802 shares, representing 2.4532% of the total share capital after deducting repurchased shares [1] - Compliance and Control - The share reduction has complied with relevant laws, regulations, and supervisory requirements [1] - The reduction does not affect the stability of the company's control [1]

证券代码：301023 证券简称：江南奕帆 公告编号：2025-070 无锡江南奕帆电力传动科技股份有限公司 关于股东减持计划实施完成的公告 公司股东宋益群女士保证向本公司提供的信息内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 无锡江南奕帆电力传动科技股份有限公司（以下简称"公司"）于2025年7月30日 披露了《关于股东减持计划预披露的公告》（公告编号：2025-037），持有公司股份 2,244,142股（占当时扣除公司回购股份数后的总股本比例的2.8849%）的股东宋益群女 士计划自本公告披露之日起15个交易日后的3个月内通过集中竞价交易方式减持公司 股份不超过777,879股(占当时扣除公司回购股份数后的总股本比例的1.0000%），通过 大宗交易方式减持公司股份不超过 1,466,263 股(占当时扣除公司回购股份数后的总股 本比例的1.8849%）。若计划减持期间公司有派息、送股、转增股本、配股等除权除 息事项，上述拟减持股份数量将相应进行调整，但减持股份占扣除公司回购股份数后 的总股本的比例不变。 公司于2025 ...

Group 1: Financial Performance - The company has no interest-bearing bank debts, indicating a stable operation and sufficient cash flow [2] - Net profit growth has slowed compared to the previous year due to reduced investment income and increased share-based payment expenses [3] - The company's market share in the power transmission sector is estimated to be around 40-50% based on customer scale and market feedback [3] Group 2: Research and Development - R&D investment has increased compared to the same period last year, driven by the expansion into new application areas and an increasing R&D team [2] - The company is actively seeking new merger and acquisition opportunities to support its development [2] Group 3: Debt Structure - The structure of current and non-current liabilities suggests an increase in financial leverage, but the company maintains a healthy financial position [2]

Group 1 - The first investor reception day for listed companies in Wuxi was held on November 4, showcasing the region's capital attraction and innovation [1] - Jiangnan Yifan's representative, Wu Weijie, stated that the company does not have specific statistical data for niche markets, but estimates its market share in the power transmission sector to be around 40-50% based on customer scale and market feedback [1]

Core Viewpoint - Jiangnan Yifan is a leading player in the customized micro-reduction motor sector in China, with a strong focus on R&D, manufacturing, and sales, and has shown significant growth potential in various applications [1][5]. Group 1: Business Performance - In Q3 2025, Jiangnan Yifan reported revenue of 202 million yuan, ranking 26th among 26 companies in the industry, while the industry leader, Wolong Electric Drive, achieved revenue of 11.967 billion yuan [2]. - The company's net profit for the same period was 57.35 million yuan, placing it 15th in the industry, with the top performer, Dayang Electric, reporting a net profit of 896 million yuan [2]. Group 2: Financial Health - Jiangnan Yifan's debt-to-asset ratio was 8.25% in Q3 2025, down from 9.85% year-on-year, significantly lower than the industry average of 35.64%, indicating strong solvency [3]. - The company's gross profit margin stood at 43.22%, slightly down from 44.31% year-on-year, but still above the industry average of 21.03% by 22.19 percentage points, reflecting robust profitability [3]. Group 3: Executive Compensation - Chairman Liu Jincheng's salary for 2024 is 520,500 yuan, a decrease of 8,600 yuan from 2023, while General Manager Liu Songyan's salary increased to 1.0116 million yuan, up by 169,900 yuan from the previous year [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.73% to 11,300, while the average number of circulating A-shares held per shareholder increased by 9.43% to 3,669.59 [5]. - The company has seen a continuous recovery in performance since 2024, with projected revenues of 364 million, 451 million, and 543 million yuan for 2025 to 2027, reflecting year-on-year growth rates of 29%, 24%, and 20% respectively [5].