Market Overview - The automotive parts sector experienced a decline of 0.33% on January 15, with Chaojie Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Top Performers - N Zhixin (603352) saw a significant increase of 213.44%, closing at 68.58 with a trading volume of 349,500 shares and a transaction value of 2.527 billion [1] - Other notable gainers included: - Tsinghua Technology (920270) up 11.56% to 23.16 with a transaction value of 331 million [1] - Kuntai Co., Ltd. (001260) up 10.02% to 26.25 with a transaction value of 337 million [1] - Weidi Co., Ltd. (603023) up 10.00% to 5.94 with a transaction value of 182 million [1] Underperformers - Chaojie Co., Ltd. (301005) experienced a decline of 11.43%, closing at 192.91 with a transaction value of 4.192 billion [2] - Other significant decliners included: - Wenkem (300816) down 11.17% to 71.13 with a transaction value of 927 million [2] - Shanzi Gaoke (000981) down 10.05% to 5.10 with a transaction value of 10.018 billion [2] - Tianpu Co., Ltd. (605255) down 10.00% to 174.83 with a transaction value of 628 million [2] Capital Flow - The automotive parts sector saw a net outflow of 3.669 billion from institutional investors, while retail investors contributed a net inflow of 2.659 billion [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - N Zhixin (603352) had a net inflow of 881 million from institutional investors, while retail investors saw a net outflow of 1.521 billion [3] - Other stocks with notable capital flows included: - Weidi Co., Ltd. (603023) with a net inflow of 91.099 million from institutional investors and a net outflow of 54.854 million from retail investors [3] - Suoling Co., Ltd. (002766) with a net inflow of 151 million from institutional investors but a net outflow of 82.357 million from retail investors [3]

Market Overview - As of December 31, 2025, A-shares concluded trading for the year with mixed performance across major indices. The Shanghai Composite Index closed at 3968.84 points, up 0.13% for the week, while the Shenzhen Component Index fell 0.58% to 13525.02 points, and the ChiNext Index dropped 1.25% to 3203.17 points [2] - Over 36% of individual stocks experienced gains during the week, with 76 stocks rising over 15% and 27 stocks declining more than 15%. Key sectors that saw gains included oil and petrochemicals, defense and military, media, automotive, and machinery equipment, while public utilities, food and beverage, electric equipment, pharmaceutical and biological, and non-bank financial sectors faced declines [2] Top Performing Stocks - Tianming Technology (920270.BJ) led the weekly gainers with a remarkable 65.78% increase, followed by Boke Co., Ltd. (688160.SH) with a 50.42% rise. The top ten stocks in this week's bull list all recorded gains exceeding 33% [4] - Tianming Technology operates in the automotive parts supply chain and robotics sector, focusing on the research, development, production, and sales of winches, electric pedals, and off-road modification equipment. The stock surged after hitting a recent low, achieving two consecutive 30% daily limits on December 30-31, 2025 [5] Underperforming Stocks - Guangdao Tui (920680.BJ) was the worst performer, with a significant drop of 61.26%, leading to its impending delisting on January 5, 2026. Other notable decliners included Dongtong Tui (300379.SZ) and *ST Changyao (300391.SZ), both experiencing declines over 22% [9] - Guangdao Tui specializes in network security products and intelligent network application management platforms. The stock faced a sharp decline after previously being the top gainer with a 74.80% increase the week prior [9][10] - Dongtong Tui's stock was also placed under a delisting notice, with trading expected to end on January 21, 2026, following a 15-day trading period [10][11] Sector Insights - The robotics sector has shown strong performance recently, with significant interest driven by new product launches and potential government initiatives related to robotics. Analysts suggest that the integration of liquid cooling and robotics with automotive parts could create new growth opportunities within the industry [6][7]

Group 1 - Tianming Technology (920270) experienced a significant price fluctuation, with a cumulative deviation of 70.05% in its stock price from December 30 to December 31, 2025 [1] - The trading volume reached 26.66 million shares, with a total transaction value of 581 million yuan [1] - The top buyer was Dongfang Caifu Securities, purchasing shares worth approximately 13.25 million yuan, while the top seller was Guolian Minsheng Securities, selling shares worth about 21.60 million yuan [1][2] Group 2 - The trading method for Tianming Technology was continuous bidding, and it was listed on the "Dragon and Tiger List" on December 31, 2025 [1] - The trading data indicates a high level of activity and interest in Tianming Technology's shares during this period [1][2] - Various securities firms participated in the trading, with multiple buy and sell orders recorded [2]

Group 1 - Tianming Technology (920270) reached the daily limit increase of 29.96% with a turnover rate of 21.34%, resulting in a transaction volume of 409 million yuan [2] - The stock was listed on the North Exchange due to its significant price movement and turnover rate, with institutional investors net selling 13.2 million yuan [2] - The top five trading departments accounted for a total transaction volume of 128 million yuan, with a net sell of 20.8 million yuan [2] Group 2 - The top buying departments included CITIC Securities, GF Securities, and Ping An Securities, with the highest buy amount being 12.8 million yuan from CITIC Securities [2] - The selling departments were led by Guolian Minsheng Securities and Huaxi Securities, with the largest sell amount being 19.6 million yuan from Guolian Minsheng Securities [2] - One institutional specialized seat was noted among the selling departments, contributing to a net sell of 13.2 million yuan [2]

Group 1 - Tianming Technology has experienced a consecutive two-day limit-up, indicating strong market interest and momentum [1] - The stock reached a trading limit at 14:31 today with a transaction volume of 390 million yuan and a turnover rate of 20.43% [1] - The recent rise in attention towards the robotics sector is supported by local regulations promoting the development of embodied intelligent robots and the establishment of industry standardization committees [1] Group 2 - Tianming Technology is actively involved in the robotics field and has partnerships that align with market trends [1] - The company is also focusing on the niche market of automotive off-road modification components, which resonates with current market hotspots [1]

Core Viewpoint - Tianming Technology (920270) experienced a trading halt today due to a 30.00% increase in stock price, with significant trading volume and institutional buying activity [2] Group 1: Trading Performance - The stock reached its daily limit with a turnover rate of 11.52% and a total transaction value of 172 million yuan, showing a price fluctuation of 27.48% [2] - The stock was listed on the North Exchange due to its price increase, with institutional specialized seats net buying 11.1644 million yuan [2] Group 2: Institutional Activity - Institutions net bought a total of 11.1644 million yuan, while the combined net buying from brokerage seats amounted to 941,200 yuan [2] - The top five brokerage seats accounted for a total transaction value of 60.6699 million yuan, with a net buying amount of 12.1056 million yuan [2] Group 3: Detailed Brokerage Transactions - The leading buying brokerage was an institutional specialized seat with a net purchase of 11.1644 million yuan, while the second-largest buyer was Dongfang Caifu Securities with 8.2313 million yuan [2] - The selling side included Shenyin Wanguo Securities with a sell amount of 1.0135 million yuan, indicating a significant disparity between buying and selling activities [2]

Market Overview - The automotive parts sector increased by 2.49% on December 30, with Tianming Technology leading the gains [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] Top Performers - Tianming Technology (code: 920270) closed at 19.76, up by 30.00% with a trading volume of 93,500 shares and a transaction value of 172 million yuan [1] - Hengbo Co., Ltd. (code: 301225) saw a rise of 11.95%, closing at 155.71 with a trading volume of 46,100 shares [1] - Shanzi Gaoke (code: 000981) increased by 10.11%, closing at 4.03 with a significant trading volume of 11,514,400 shares [1] Other Notable Stocks - Wanxiang Qianchao (code: 000559) rose by 10.03%, closing at 15.69 with a transaction value of 3.446 billion yuan [1] - Jintuo Co., Ltd. (code: 603211) and Zhejiang Rongtai (code: 603119) both increased by 10.02% and 10.00% respectively, with closing prices of 23.61 and 117.81 [1] Market Capital Flow - The automotive parts sector experienced a net inflow of 4.325 billion yuan from institutional investors, while retail investors saw a net outflow of 2.855 billion yuan [2] - The sector's main funds showed a significant net inflow, indicating strong institutional interest despite retail outflows [2] Individual Stock Fund Flow - Shanzi Gaoke had a net inflow of 1.538 billion yuan from main funds, while retail investors showed a net outflow of 917 million yuan [3] - Wanxiang Qianchao experienced a net inflow of 554 million yuan from main funds, with retail investors also showing a net outflow of 315 million yuan [3] - Zhejiang Rongtai had a net inflow of 242 million yuan from main funds, while retail investors faced a net outflow of 117 million yuan [3]

Core Viewpoint - The A-share market experienced a rebound in the afternoon of December 30, with the Shanghai Composite Index closing flat, the Shenzhen Component Index rising by 0.49%, and the ChiNext Index increasing by 0.63% [1] Industry Developments - The robotics sector has shown significant growth, with companies like Fenglong Co. achieving five consecutive trading limit increases, and Tianqi Co. and Tianming Technology reaching four consecutive trading limit increases and a 30% limit increase, respectively [1] - A total of 24 stocks, including Unification Co., New Times Da, Nanxing Co., and Zhejiang Rongtai, hit the trading limit [1] - The Ministry of Industry and Information Technology has established a standardization technical committee for humanoid robots and embodied intelligence, which will focus on developing industry standards in key technology areas, components, systems, applications, and safety [1] - The first local regulation promoting the development of the embodied intelligent robotics industry was introduced in Hangzhou on December 29 [1]

Group 1 - Tianming Technology announced the convening of its fourth board meeting on December 25, 2025 [2] - The meeting reviewed and approved the proposal regarding the completion of the company's fundraising project [2]

证券日报网讯 12月12日晚间，天铭科技发布公告称，截至本公告披露之日，公司（含子公司）在中信 银行股份有限公司杭州富阳支行设立的募集资金专户和在杭州银行股份有限公司富阳支行设立的募集资 金专户，募集资金已按规定使用完毕，公司决定对上述募集资金专项账户予以注销，并于2025年12月11 日完成对应账户的注销手续。注销前已将募集资金专户余额及利息收入合计7，803.71元转入公司及子 公司基本户。上述募集资金专户注销后，公司与子公司、保荐机构财通证券股份有限公司和中信银行股 份有限公司杭州富阳支行、杭州银行股份有限公司富阳支行分别签订的《募集资金四方监管协议》相应 终止。 （文章来源：证券日报） ...