Core Viewpoint - The company, TaoTao Automotive, projects a net profit of 800 million to 850 million yuan for the fiscal year 2025, representing a year-on-year growth of 85.50% to 97.10% [1] Group 1 - The company focuses on market demand, enhancing operational efficiency, and accelerating overseas capacity construction [1] - The company aims to continuously improve brand influence while actively deepening diversified sales channels [1] - Both operating revenue and net profit have achieved significant growth during the reporting period [1]

证券代码：301345 证券简称：涛涛车业 公告编号：2026-001 浙江涛涛车业股份有限公司 2025 年度业绩预告 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、本期业绩预计情况 1、业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况 预计净利润为正值且属于同向上升 50%以上情形。 (1)以区间数进行业绩预告的 三、业绩变动原因说明 报告期内，公司精准聚焦市场需求，增强经营效率，加快海外产能建设，在 持续提升品牌影响力的同时，积极深化多元化的销售渠道，营业收入和净利润均 实现良好的增长。 报告期内，预计非经常性损益对归属于上市公司股东的净利润的影响金额约 为 1,100 万元。 四、其他相关说明 本次业绩预告是公司财务部门初步测算的结果，具体财务数据将在公司 《2025 年年度报告》中详细披露。敬请广大投资者谨慎决策，注意投资风险。 特此公告。 浙江涛涛车业股份有限公司董事会 2026 年 1 月 6 日 单位：人民币 | 项目 | 本报告期 | | | 上年同期 | | --- | --- | - ...

Investment Rating - The report provides a positive investment rating for the regenerative medicine sector, highlighting specific companies as key investment opportunities [1]. Core Insights - The regenerative medicine platform company is positioned in the high-end manufacturing field of neurosurgery, with a projected revenue growth of 30% and a net profit increase of 43% in Q1-Q3 of 2025. The company is expected to enter a product harvest phase from 2025 to 2027, stabilizing net profit margins and increasing profits [1]. - The report emphasizes the benefits of centralized procurement, with the company achieving significant growth by trading price for volume, projecting a 21% revenue increase and a 93% net profit growth in 2024 [1]. - The report identifies new product approvals and expanded indications as key growth drivers, with expectations of a 100% growth rate for certain products from 2025 to 2026 [1]. Summary by Relevant Sections Regenerative Medicine - The regenerative medicine company is expected to see a revenue increase of 30% and a net profit increase of 43% in Q1-Q3 of 2025, entering a product harvest phase from 2025 to 2027 [1]. - The company benefits from centralized procurement, achieving a 21% revenue increase and a 93% net profit growth in 2024 [1]. - New product approvals are anticipated to drive a 100% growth rate from 2025 to 2026 [1]. Automotive - The automotive sector shows a positive outlook with the introduction of a second brand expected to enhance performance significantly compared to Q3 [1]. - The company is projected to achieve a revenue of 1,099 million in 2026, with a growth rate of 37% [1]. Paper Industry - The white cardboard paper industry is expected to see a recovery in downstream demand, with the company positioned to benefit from high market concentration and improved pricing power [1]. - The company anticipates a revenue increase of 407 million in 2026, with a growth rate of 123% [1]. Chemical Industry - The chemical sector is experiencing high demand, with the agricultural market showing signs of recovery [1]. - The company is projected to achieve a revenue of 2,078 million in 2026, maintaining a growth rate of 14% [1]. Mining - The mining sector is benefiting from rising gold and copper prices, with the company expected to see a 54% increase in net profit [1]. - The projected revenue for 2026 is 50,478 million, with a growth rate of 10% [1].

国浩律师（杭州）事务所 关于 浙江涛涛车业股份有限公司 2025 年第四次临时股东会 国浩律师（杭州）事务所 法律意见书 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号、28 号楼国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年十二月 国浩律师（杭州）事务所 关 于 浙江涛涛车业股份有限公司 2025 年第四次临时股东会 法律意见书 致：浙江涛涛车业股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江涛涛车业股份有限 公司（以下简称"公司"）的委托，指派律师出席公司 2025 年第四次临时股东会 （以下简称"本次股东 ...

证券代码：301345 证券简称：涛涛车业 公告编号：2025-072 浙江涛涛车业股份有限公司 2025年第四次临时股东会决议公告 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）现场会议召开时间：2025 年 12 月 31 日（星期三）14:30。 （2）网络投票时间：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 12 月 31 日的交易时间，即 9:15—9:25 、9:30—11:30 和 13:00— 15:00；通过深圳证券交易所互联网投票系统进行网络投票的具体时间为 2025 年 12 月 31 日 9:15—15:00。 2、会议召开方式：本次股东会采用现场表决与网络投票相结合的方式召 开。 3、现场会议召开地点：浙江省丽水市缙云县新碧街道新元路 10 号公司会 议室。 1、本次股东会召开期间无变更、否决提案的情况； 2、本次股东会未涉及变更前次股东会决议的情况； 3、本次股东会采取现场表决、网络投票相结合的方式召开。 一、会议召开情况 浙江涛涛车业股份有限公司（以下简称"公司"）第四届董事会第十一次 会议决 ...

Investment Rating - The report maintains a "Buy" rating for the equipment manufacturing industry, particularly highlighting investment opportunities in AI-driven sectors and computing infrastructure [2]. Core Insights - The equipment manufacturing industry in China is transitioning into a technology-driven phase, with AI and computing infrastructure being key areas for investment. The report emphasizes the growth potential of AI endpoint products and computing infrastructure investments [2]. - The report identifies three main drivers for the recovery of machinery equipment exports by 2026: the expected interest rate cuts by the Federal Reserve, strong infrastructure demand along the Belt and Road Initiative, and the rising demand for AI computing equipment [3]. Summary by Sections AI-Driven Growth - Investment opportunities are seen in AI endpoints such as humanoid robots, smart manufacturing, and various consumer AI products, which are expected to experience rapid growth. This will lead to increased demand for chips used in training, inference, and storage, initiating a new investment cycle in semiconductor equipment [2]. - The report also highlights the importance of computing infrastructure investments to support AI endpoints, recommending investments in cooling systems and energy solutions due to power shortages [2]. Export Recovery Drivers - The report outlines three key drivers for the expected recovery in machinery equipment exports by 2026: 1. Recovery in overseas demand due to anticipated interest rate cuts by the Federal Reserve, which will boost global industrial product demand [3]. 2. Strong infrastructure demand in countries along the Belt and Road Initiative, particularly in the Middle East, where domestic oil service equipment manufacturers are expected to benefit from high growth [3]. 3. Increased demand for equipment driven by AI computing needs, leading to growth in gas turbines and diesel generator sets, as well as PCB materials and testing equipment [3]. Company Profit Forecasts - The report provides profit forecasts for key recommended companies, all rated as "Buy," indicating a positive outlook for their performance in the coming years [5].

Group 1 - The core viewpoint of the news is that TaoTao Automotive has shown significant financial growth, with a notable increase in revenue and net profit for the year 2025 [2] - As of December 29, 2023, TaoTao Automotive's stock price decreased by 0.04%, with a trading volume of 321 million yuan and a net financing purchase of 1.33 million yuan [1] - The company has a financing balance of 202 million yuan, which accounts for 2.75% of its market capitalization, indicating a relatively high level of financing activity compared to the past year [1] Group 2 - For the period from January to September 2025, TaoTao Automotive achieved a revenue of 2.773 billion yuan, representing a year-on-year growth of 24.89%, and a net profit of 607 million yuan, reflecting a substantial increase of 101.27% [2] - The company has distributed a total of 708 million yuan in dividends since its A-share listing [3] - As of September 30, 2025, the number of shareholders for TaoTao Automotive decreased by 9.12% to 7,870, while the average number of circulating shares per person increased by 10.04% to 3,692 shares [2]

Market Overview - On December 30, the motorcycle and other sectors experienced a decline of 0.25% compared to the previous trading day, with Xilong Health leading the drop [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] Stock Performance - Notable gainers in the motorcycle and other sectors included: - Zhenghe Industrial (003033) with a closing price of 76.55, up 4.48% and a trading volume of 80,900 shares, totaling 616 million yuan [1] - Zhang (603766) closed at 15.85, up 1.67% with a trading volume of 190,400 shares, totaling 302 million yuan [1] - Conversely, Xilong Health (002105) led the declines with a closing price of 7.37, down 1.99% and a trading volume of 146,700 shares, totaling 109 million yuan [2] Capital Flow - The motorcycle and other sectors saw a net outflow of 79.19 million yuan from institutional investors, while retail investors contributed a net inflow of 71.26 million yuan [2] - The detailed capital flow for selected stocks showed: - Taotao Automotive (301345) had a net inflow of 13.75 million yuan from institutional investors, but a net outflow of 33.80 million yuan from retail investors [3] - Zhenghe Industrial (003033) experienced a net inflow of 10.05 million yuan from institutional investors, with retail investors contributing a net inflow of 1.33 million yuan [3]

Market Performance - The motorcycle and other sectors increased by 0.2% compared to the previous trading day, with Zhenghe Industrial leading the gains [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Stock Performance - Zhenghe Industrial (code: 003033) closed at 73.27, with a rise of 10.00% and a trading volume of 44,500 shares [1] - Qianhui Motorcycle (code: 000913) rose by 3.76% to close at 15.73, with a trading volume of 103,700 shares [1] - Huayang Jizhu (code: 920058) increased by 3.02% to 33.80, with a trading volume of 13,200 shares [1] - Qianli Technology (code: 601777) rose by 1.77% to 10.90, with a trading volume of 341,200 shares [1] - Chuncheng Power (code: 603129) increased by 0.86% to 280.72, with a trading volume of 9,876 shares [1] - Other notable stocks include Jiuyi Co. (code: 600689) down by 2.22% and Longxin General (code: 603766) down by 1.83% [3] Fund Flow Analysis - The motorcycle and other sectors experienced a net outflow of 69.04 million yuan from institutional funds and 60.62 million yuan from retail funds, while retail investors saw a net inflow of 130 million yuan [2] - Zhenghe Industrial had a net inflow of 28.22 million yuan from institutional funds, while Qianli Technology saw a net inflow of 23.77 million yuan [4] - The overall fund flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are increasing their positions [2][4]

Core Viewpoint - TaoTao Automotive has shown significant stock performance with a year-to-date increase of 295.48%, despite a recent slight decline in the last five trading days [1]. Financial Performance - For the period from January to September 2025, TaoTao Automotive achieved a revenue of 2.773 billion yuan, representing a year-on-year growth of 24.89% [2]. - The net profit attributable to shareholders for the same period was 607 million yuan, reflecting a substantial year-on-year increase of 101.27% [2]. Stock and Market Activity - As of December 26, the stock price of TaoTao Automotive was 247.59 yuan per share, with a market capitalization of approximately 26.999 billion yuan [1]. - The stock experienced a trading volume of 1.60 billion yuan, with a turnover rate of 2.28% [1]. - The net inflow of main funds was 14.07 million yuan, with significant buying activity from large orders [1]. Shareholder Information - As of December 19, the number of shareholders for TaoTao Automotive was 7,870, a decrease of 9.12% from the previous period [2]. - The average number of circulating shares per shareholder increased by 10.04% to 3,692 shares [2]. Dividend Distribution - Since its A-share listing, TaoTao Automotive has distributed a total of 708 million yuan in dividends [3]. Institutional Holdings - As of September 30, 2025, several new institutional shareholders have entered the top ten list, including Yongying Ruixin Mixed A and others, indicating growing institutional interest [3].