Market Performance - The general equipment sector increased by 1.13% on September 1, with Rongyi Precision leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers - Rongyi Precision (code: 873223) closed at 28.31, up 29.98% with a trading volume of 289,900 shares [1] - Lio Co., Ltd. (code: 002131) closed at 5.79, up 10.08% with a trading volume of 11,722,900 shares [1] - Lande Co., Ltd. (code: 605060) closed at 28.22, up 10.02% with a trading volume of 49,700 shares [1] Top Losers - Huaguang New Materials (code: 688379) closed at 56.50, down 10.60% with a trading volume of 94,700 shares [2] - Weilon Co., Ltd. (code: 002871) closed at 17.90, down 9.91% with a trading volume of 3,377,000 shares [2] - Tongfei Co., Ltd. (code: 300990) closed at 77.96, down 5.08% with a trading volume of 113,800 shares [2] Capital Flow - The general equipment sector saw a net inflow of 315 million yuan from institutional investors, while retail investors contributed a net inflow of 465 million yuan [2][3] - The sector experienced a net outflow of 781 million yuan from speculative funds [2][3] Individual Stock Capital Flow - Lio Co., Ltd. had a net inflow of 1.851 billion yuan from institutional investors, while it faced a net outflow of 845 million yuan from speculative funds [3] - Hanzhong Precision (code: 002158) had a net inflow of 254 million yuan from institutional investors, with a net outflow of 94.35 million yuan from speculative funds [3]

Company Performance - Rongyi Precision's stock price reached a historical high, increasing by 7.44% to 23.40 yuan, with a trading volume of 15.90 million shares and a transaction amount of 346 million yuan, resulting in a turnover rate of 19.49% [2] - The latest total market capitalization of Rongyi Precision in A-shares is 3.68 billion yuan, with a circulating market value of 1.91 billion yuan [2] - The company reported a revenue of 193 million yuan for the first half of the year, representing a year-on-year growth of 49.37%, while the net profit was -5.22 million yuan, with a year-on-year increase of 58.13% [2] Industry Overview - The mechanical equipment industry, to which Rongyi Precision belongs, has an overall increase of 0.42%, with 352 stocks rising and 9 stocks hitting the daily limit, including Degute and Lio Co [2] - Conversely, 229 stocks in the industry experienced declines, with the largest drops recorded by Zhengfan Technology, Zhuoran Co, and Weilong Co, with declines of 9.77%, 9.27%, and 8.45% respectively [2] Margin Trading Data - As of August 29, the latest margin trading balance for Rongyi Precision was 11.38 million yuan, with a financing balance of 11.38 million yuan, reflecting an increase of 5.64 million yuan over the past 10 days, which is a growth of 98.17% [2]

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests a focus on companies with strong certainty in the engineering machinery sector and those with brand and new car cycles in the automotive sector [1][2]. Core Insights - The domestic engineering machinery market is under seasonal pressure in August but shows year-on-year improvement, with the China Machinery Index (CMI) at 99.96, up 5.04% year-on-year [2]. - The automotive market shows a year-on-year retail growth of 6% for the week of August 18-24, but a decline of 5% compared to the previous month, indicating potential for growth in September due to promotional activities [2]. - The European inverter market is trending positively, with July exports of 4.8 million units, a 13% year-on-year increase, and export value reaching $938 million, up 15% year-on-year [2]. Summary by Sections Market Overview - The machinery, power equipment, and automotive industry indices rose by +1.01%, +3.99%, and +0.35% respectively from August 25 to August 29, ranking 13th, 5th, and 14th among 31 Shenwan first-level industries [1][7]. Industry News - The engineering machinery market is experiencing a seasonal downturn but is expected to benefit from stable exports and a clear upward trend in domestic market renewal cycles [2]. - The automotive sector is anticipated to grow rapidly in September, driven by trade-in promotions and strong export growth [2]. - The European inverter market remains stable, with high wholesale electricity prices expected to boost demand for solar storage [2]. Company Announcements - Notable companies such as Nuway CNC and Danghong Technology are actively developing products for the humanoid robot sector, indicating a growing market for high-precision CNC machine tools [16][17]. - Companies like Zhejiang Rongtai and Top Group reported significant revenue growth in their half-year reports, reflecting positive trends in their respective sectors [17][18].

Group 1 - The report indicates that the North Exchange 50 Index decreased by 1.63% this week, with a trading volume of 6.655 billion shares, representing a 17.89% decrease week-on-week. The total trading amount was 164.497 billion yuan, down 21.11% from the previous week [2][19][24]. - The report highlights a structural market trend where growth sectors such as computing power and solid-state batteries are outperforming, despite the overall weakness of the North Exchange beta. Notable performers include Rongyi Precision (+64.38%) and Gebijia (+16.22%) [11][12][37]. - The report suggests that the structural market conditions will favor institutional investors, allowing them to widen the investment return gap, which is expected to dominate the North Exchange in the second half of the year [12][13]. Group 2 - The report notes that there was one new stock listing this week, Balanshi, which saw a first-day price increase of 205.13% and a turnover rate of 80.09%. As of August 29, 2025, there are 274 companies listed on the North Exchange [31][32]. - The report provides insights into the performance of individual stocks, with 63 stocks rising and 208 falling, resulting in a rise-fall ratio of 0.30. The top gainers were Rongyi Precision and Jiezong Technology, while the biggest losers included Jinsai Technology and Hanxin Technology [37][38]. - The report mentions that the North Exchange's PE (TTM) average is 97.42 times, with a median of 50.31 times, indicating a decline in valuation metrics compared to previous periods [23][30]. Group 3 - The report discusses the dynamics of the New Third Board, noting that six companies were newly listed and six were delisted this week, with a planned financing amount of 0.21 billion yuan and completed financing of 0.90 billion yuan [47][49]. - The report highlights the importance of understanding the recent performance of the North Exchange in the context of the overall market dynamics, particularly the impact of institutional investment strategies and sector rotations [12][13].

Market Performance - The A-share market continued its strong performance in the last week of August, with major indices reaching new highs and trading volume increasing significantly [2] - From August 25 to August 29, the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, and STAR Market Index rose by 0.84%, 4.36%, 7.74%, and 4.13% respectively, with 1,752 stocks rising and 95 stocks gaining over 20% [2][3] Technology Sector - The technology sector was a significant driving force behind the market's performance, with the Shenzhen Component Index being more tech-oriented compared to the Shanghai Composite Index, which is heavily weighted towards banking [3] - Notable individual stock performances included Kaipu Cloud (688228.SH) with a 133.74% increase, followed by Rongyi Precision (873223.BJ), Tianfu Communication (300394.SZ), and Tianpu Co., Ltd. (605255.SH), all exceeding 60% gains [3] Stock Competition - A notable competition occurred between Cambrian (688256.SH) and Kweichow Moutai (600519.SH) for the title of "king of stocks," with Cambrian briefly taking the lead before fluctuating in position [4] Market Outlook - Analysts remain optimistic about the short-term outlook for the A-share market, citing multiple favorable policies and a shift of household savings into the capital market as key factors [6] - The overall profit growth for A-share listed companies is expected to turn positive by 2025, ending a four-year decline, particularly in the technology innovation sector [6] - Short-term investment opportunities are suggested in sectors such as batteries, semiconductors, communication equipment, and energy metals [6][7] Liquidity and Policy Support - The liquidity factors are expected to drive the market in the short term, with fiscal and monetary policies continuing to support the economy and mitigate risks [7] - The market is anticipated to maintain an upward trend, supported by reasonable valuations and emerging positive factors such as a potential interest rate cut by the Federal Reserve [7]

荣亿精密（873223）今日涨停，全天换手率30.13%，成交额4.96亿元，振幅24.46%。龙虎榜数据显示， 机构净卖出592.10万元，营业部席位合计净买入939.41万元。 北交所公开信息显示，当日该股因日涨跌幅达到29.95%、日换手率达30.13%上榜，机构专用席位净卖 出592.10万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.03亿元，其中，买入成交额为5318.71 万元，卖出成交额为4971.40万元，合计净买入347.31万元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即卖四，买入金额169.65万元，卖出金 额761.75万元，合计净卖出592.10万元。（数据宝） 荣亿精密8月29日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 东亚前海证券有限责任公司苏州分公司 | 1286.39 | 0.00 | | 买二 | 东方证券股份有限公司杭州金鸡路证券营业部 | 1172.17 | 0.00 | | 买三 | 银 ...

证券代码：873223 证券简称：荣亿精密 公告编号：2025-067 浙江荣亿精密机械股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 8 月 28 日 活动地点：价值在线"易董价值平台"（https://www.ir-online.cn） 参会单位及人员：通过网络方式参加公司 2025 年半年度报告业绩说明会的 投资者 公司向富世达供应配套AI伺服器的液冷精密UQD快接头金属外壳/精密结构 件,刚进入量产阶段，并持续配合客户端技术升级优化。这类产品是液冷系统中 实现快速连接与高效散热的关键组件。液冷零部件领域的毛利率普遍高于传统金 属加工业务。目前这部分业务的收入占公司营业收入还较小。 问题 2：根据公司半年报的描述，介绍下 UQD 业务，公司针对该类大客户的 需求，是否有做好未来产能投放计 ...

Core Insights - The North Exchange 50 index increased by 1.28% to close at 1574.25 points on August 29, 2025, with a trading volume of 12.96 billion shares and a total market capitalization of 907.98 billion yuan [3][4][5] - The overall trading volume on the North Exchange was 32.295 billion yuan, which is a decrease compared to the average daily trading volume of 41.701 billion yuan from the previous week [4][5] - The sectors that performed well included Beauty Care (+3.7%), Defense and Military Industry (+3.0%), Power Equipment (+2.4%), and Building Materials (+1.5%), while sectors that declined included Communication (-3.0%), Environmental Protection (-2.1%), Electronics (-1.8%), and Media (-1.1%) [4][5] Company Performance - Among the 274 listed companies on the North Exchange, 148 saw their stock prices rise, 4 remained flat, and 122 experienced declines [4] - The top gainers included Rongyi Precision (+29.95%), Derui Lithium Battery (+19.11%), and Jiezong Technology (+16.53%) [4][9] - The top decliners were Shuguang Shuchuang (-8.87%), Zhixin Electronics (-7.34%), and AVIC Taida (-7.29%) [4][10] Valuation Metrics - The overall valuation of the North Exchange is at a price-to-earnings (P/E) ratio of 53.88 times, which is higher than the P/E ratios of the Sci-Tech Innovation Board (69.26 times) and the Growth Enterprise Market (42.90 times) [4][13] - The highest average P/E ratio among sectors on the North Exchange is in the Computer sector at 193.6 times, followed by Light Industry Manufacturing (122.4 times) and Social Services (83.7 times) [4][13]

Group 1 - Rongyi Precision (873223) experienced a price increase of 3.46% with a turnover rate of 21.20% and a trading volume of 278 million yuan, showing a volatility of 11.76% [2] - Institutional investors net sold 6.7964 million yuan, while brokerage seats collectively net bought 481,300 yuan [2] - The stock was listed on the North Exchange due to its daily turnover rate reaching 21.20%, with institutional proprietary seats net selling 6.7964 million yuan [2] Group 2 - The top five brokerage seats accounted for a total transaction volume of 74.0938 million yuan, with a buying amount of 33.8893 million yuan and a selling amount of 40.2044 million yuan, resulting in a net sell of 6.3151 million yuan [2] - Among the brokerage seats, two institutional proprietary seats were involved, with a total buying amount of 7.2338 million yuan and a selling amount of 14.0301 million yuan, leading to a net sell of 6.7964 million yuan [2]

| 上市公司 | 浙江荣亿精密机械股份有限公司 | | --- | --- | | 保荐机构 | 中德证券有限责任公司 | | 保荐代表人 | 赵昱、许靖 | | 联系方式 | 021-6163 8858 | 中德证券有限责任公司 关于浙江荣亿精密机械股份有限公司 2025 年半年度持续督导跟踪报告 中德证券有限责任公司（以下简称 "中德证券"或"保荐机构"）作为浙 江荣亿精密机械股份有限公司（以下简称 "荣亿精密"或"公司"） 向不特定 合格投资者公开发行股票并在北京证券交易所上市的保荐机构，根据《证券发行 上市保荐业务管理办法》《北京证券交易所股票上市规则》等有关法律法规、规 范性文件的规定，出具 2025 年半年度持续督导跟踪报告。 一、持续督导工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 不适用 | | 2、督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度 | 是，截至本报告出具日，公司尚未按照 新《公司法 ...