文 | 挖贝网 王思宇 挖贝研究院梳理出"2025年9月安徽A股上市公司市值TOP100"（以下简称"榜单"或"TOP100"）。上榜门槛为市值51亿元，8家公司 市值超过500亿元。排名第一的是阳光电源，市值达3,420.80亿元。 阳光电源（300274.SZ）3,420.80亿元； 科大讯飞（002230.SZ）1,247.16亿元； 海螺水泥（600585.SH）1,237.39亿元； 江淮汽车（600418.SH）1,159.71亿元； 古井贡酒（000596.SZ）846.87亿元； 国轩高科（002074.SZ）830.29亿元； 铜陵有色（000630.SZ）691.93亿元； 晶合集成（688249.SH）675.47亿元； 三七互娱（002555.SZ）480.94亿元； 国元证券（000728.SZ）401.03亿元。 8家公司市值超过500亿元 据挖贝研究院梳理，榜单上的100家企业总市值约2.31万亿元。其中，阳光电源市值3,420.80亿元位居榜首，第二为科大讯飞，市 值1,247.16亿元，海螺水泥排第三市值1,237.39亿元。 从上榜公司市值分布看，TOP100中，市值超过5 ...

Core Viewpoint - The commercial vehicle sector experienced a 0.91% increase on October 10, with Yutong Bus leading the gains, while the overall Shanghai Composite Index fell by 0.94% [1]. Summary by Category Market Performance - The Shanghai Composite Index closed at 3897.03, down 0.94% - The Shenzhen Component Index closed at 13355.42, down 2.7% [1]. Commercial Vehicle Sector - The commercial vehicle sector saw individual stock performances as follows: - Yutong Bus (600066) closed at 29.40, up 5.19% with a trading volume of 436,900 shares and a turnover of 1.29 billion yuan - King Long Automobile (600686) closed at 12.88, up 4.29% with a trading volume of 828,400 shares and a turnover of 1.06 billion yuan - Zhongtong Bus (000957) closed at 11.43, up 3.07% with a trading volume of 292,800 shares and a turnover of 331 million yuan - Other notable performances include Ankai Bus (000868) up 2.40% and Jiangling Motors (000550) up 2.17% [1]. Fund Flow Analysis - The commercial vehicle sector experienced a net outflow of 403 million yuan from institutional investors, while retail investors saw a net inflow of 291 million yuan [3]. - Specific stock fund flows included: - King Long Automobile had a net inflow of 88.14 million yuan from institutional investors - Zhongtong Bus had a net inflow of 31.97 million yuan from institutional investors - China National Heavy Duty Truck (000951) had a net inflow of 31.65 million yuan from institutional investors [4].

天眼查资料显示，安徽江淮汽车集团股份有限公司，成立于1999年，位于合肥市，是一家以从事汽车制 造业为主的企业。企业注册资本218400.9791万人民币。通过天眼查大数据分析，安徽江淮汽车集团股 份有限公司共对外投资了48家企业，参与招投标项目5000次，财产线索方面有商标信息946条，专利信 息5000条，此外企业还拥有行政许可672个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，安徽江淮汽车集团股份有限公司申请一项名为"一种白车身底盘一体化结 构"的专利，公开号CN 120735854 A，申请日期为2025年08月。 专利摘要显示，本发明公开了一种白车身底盘一体化结构，涉及汽车制造技术领域，包括：具有容纳腔 体的底盘；固定在所述底盘底部的电池底板；设置在所述底盘的容纳腔体内部的至少两个加强座；两个 所述加强座之间固定连接有上护板；所述底盘顶部与车体固定连接；与所述底盘底部两侧固定连接的安 装座；与所述底盘底部固定连接的护板组件。 ...

Group 1 - The core point of the article is that Anhui Jianghuai Automobile Group Co., Ltd. has applied for a patent for an AR-based vehicle assistance driving method, system, and application, indicating a focus on advanced driving technologies [1] Group 2 - The patent application, published as CN 120735688 A, was filed on August 2025 and pertains to the field of AR-assisted driving technology [1] - The method involves obtaining driver gaze angle information, classifying and recognizing vehicle environmental perception information, modeling the road, and projecting simplified graphical renderings based on calibrated display positions [1] Group 3 - Anhui Jianghuai Automobile Group Co., Ltd. was established in 1999 and is located in Hefei, primarily engaged in the automotive manufacturing industry [1] - The company has a registered capital of 21,840.09791 million RMB and has invested in 48 enterprises, participated in 5,000 bidding projects, and holds 946 trademark information and 5,000 patent information [1]

Market Overview - The Shanghai Composite Index rose by 1.32% on October 9, with 23 sectors experiencing gains, led by non-ferrous metals and steel, which increased by 7.60% and 3.38% respectively [2] - Conversely, the media and real estate sectors saw declines of 1.43% and 1.39% [2] - The automotive sector fell by 0.39% on the same day [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 19.966 billion yuan, with 12 sectors seeing net inflows [2] - The non-ferrous metals sector had the highest net inflow of 5.361 billion yuan, coinciding with its 7.60% increase [2] - The construction and decoration sector also saw a rise of 2.17% with a net inflow of 1.868 billion yuan [2] - The non-bank financial sector experienced the largest net outflow of 6.725 billion yuan, followed by the automotive sector with an outflow of 4.325 billion yuan [2] Automotive Sector Performance - The automotive sector had 280 stocks, with 129 rising and 140 declining; 3 stocks hit the daily limit up while 2 hit the limit down [3] - Among the stocks with net inflows, BYD led with an inflow of 980 million yuan, followed by Jinlong Automobile and Xinquan with inflows of 156 million yuan and 155 million yuan respectively [3] - The top outflow stocks included Seres, Jianghuai Automobile, and Top Group, with outflows of 2.351 billion yuan, 540 million yuan, and 383 million yuan respectively [3][5] Automotive Sector Capital Inflow and Outflow - The top inflow stocks in the automotive sector included: - BYD: +1.27%, 2.89% turnover, 980.39 million yuan inflow - Jinlong Automobile: +9.00%, 9.95% turnover, 155.53 million yuan inflow - Xinquan: +1.87%, 4.48% turnover, 154.78 million yuan inflow [4] - The top outflow stocks included: - Seres: -6.74%, 5.26% turnover, -2.351 billion yuan outflow - Jianghuai Automobile: -2.49%, 3.06% turnover, -539.53 million yuan outflow - Top Group: -1.84%, 2.98% turnover, -383.44 million yuan outflow [5]

Core Insights - The commercial vehicle sector experienced a slight increase of 0.02% on October 9, with Jinlong Automobile leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance Summary - Jinlong Automobile (600686) closed at 12.35, with a rise of 9.00% and a trading volume of 713,600 shares, amounting to a transaction value of 863 million [1] - Yutong Bus (600066) closed at 27.95, up 2.72%, with a trading volume of 238,000 shares, totaling 660 million [1] - China National Heavy Duty Truck Group (000951) closed at 17.52, increasing by 1.80%, with a trading volume of 134,200 shares, amounting to 23.4 million [1] - Hanma Technology (600375) closed at 8.24, up 1.73%, with a trading volume of 1,994,300 shares, totaling 814 million [1] - Other notable performances include FAW Jiefang (000800) at 7.09 (+1.14%) and Foton Motor (600166) at 2.77 (+1.09%) [1] Capital Flow Analysis - The commercial vehicle sector saw a net outflow of 447 million from institutional investors, while retail investors contributed a net inflow of 214 million [2] - The main capital inflow and outflow for key stocks include: - Jinlong Automobile: Net inflow of 14.56 million from main capital, but net outflows from both retail and speculative capital [3] - FAW Jiefang: Net inflow of 21.27 million from main capital, with outflows from speculative and retail investors [3] - Yutong Bus: Net inflow of 11.79 million from main capital, with a significant net inflow from speculative capital [3]

Project Overview - The company has been awarded the bid for the DHE high-efficiency platform production line engine assembly line project by Anhui Jianghuai Automobile Group Co., Ltd. Engine Division [1] - The bid amount is 58.8 million yuan [1] Bidder Information - The bidding agency is Anhui Provincial Bidding Group Co., Ltd. [1] - The responsible person for the bidding party is Li Ming, and the registered address is in Hefei Economic and Technological Development Zone, Anhui Province [2] Company Impact - The signing of the formal contract and successful implementation of the project is expected to have a positive impact on the company's operating performance, while not affecting its operational independence [4] - The company has the necessary resources, including funds, technology, and personnel, to ensure the smooth execution of the project [4]

本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： ● 已披露增持计划情况 安徽江淮汽车集团股份有限公司（以下简称"公司"）于2025年4月8日在上海证券交易所网站 （www.sse.com.cn）披露了《安徽江淮汽车集团股份有限公司关于控股股东拟增持公司股份计划的公 告》（公告编号：2025-016），公司控股股东安徽江淮汽车集团控股有限公司（以下简称"江汽控股"） 基于对公司未来发展的信心，江汽控股计划自2025年4月8日起6个月内，以自有资金通过上海证券交易 所交易系统以集中竞价方式增持公司股份，增持总金额不低于人民币5,000万元，且不超过人民币1亿 元。 ● 增持计划的实施结果 自增持计划公布以来，截至本公告披露之日，江汽控股通过上海证券交易所交易系统以集中竞价交易方 式累计增持公司股份1,214,300股，累计增持比例占公司总股本的0.06%，累计增持金额为人民币 50,002,501元（不含交易费用），已超过本次增持计划拟增持金额区间的下限，本次增持计划实施完 毕。 2025年9月30日，公 ...

Investment Rating - The industry investment rating is Neutral (maintained) [5] Core Insights - The sales and market share of Hongmeng Intelligent Driving models are expected to continue to rise, benefiting companies in the supply chain [2][3] - The report highlights the strong performance of Hongmeng Intelligent Driving models during the National Day holiday, with a total of 41,300 units booked from October 1-7, representing a 44% year-on-year increase [8] - The report anticipates that the introduction of national standards for intelligent assisted driving will further enhance the market share of vehicles equipped with Huawei's intelligent driving systems [8] Summary by Sections Investment Recommendations and Targets - The report suggests focusing on Hongmeng Intelligent Driving vehicles and related companies, with specific buy recommendations for SAIC Motor (600104), Yanchai Automobile (600418), and several component manufacturers including Yinlun Co. (002126), Xinquan Co. (603179), and others [3] - The report notes that multiple new models are set to launch, which is expected to drive sales and market share upward [3] Market Performance - The report indicates that the high-end and luxury segments of Hongmeng Intelligent Driving models are leading in market share, with significant bookings for models like the Zun Jie S800 and Wanjie M9 [8] - The report projects that by 2026, the product matrix of Hongmeng Intelligent Driving will be further enhanced, allowing for a more comprehensive market presence in the mid-to-high-end new energy vehicle sector [8] Regulatory Developments - The report discusses the upcoming mandatory national standards for intelligent connected vehicles, which are expected to be implemented on January 1, 2027, and how this will impact the market dynamics for L2 level assisted driving systems [8]

Core Insights - Hongmeng Zhixing achieved impressive pre-sales during the National Day period, with multiple new models launched in September expected to drive sales and market share growth in Q4 [1] - The high-end and luxury vehicle market share of Hongmeng Zhixing is leading, with a more complete product matrix expected by 2026 [2] - The proposed national standard for intelligent assisted driving is expected to enhance the market share of vehicles equipped with Huawei's driving assistance technology [3] Group 1 - Hongmeng Zhixing's total pre-sales reached 41,300 units from October 1-7, a 44% year-on-year increase compared to 28,600 units last year [1] - In September, Hongmeng Zhixing's delivery volume reached 52,900 units, with new vehicle pre-sales hitting a record high of 110,000 units [1] - New models such as the Aito M7, Shangjie H5, and Xiangjie S9T have received strong pre-sales, indicating a positive outlook for Q4 sales [1] Group 2 - The Aito S800 has accumulated over 15,000 pre-sales in four months, significantly outperforming competitors like Porsche Panamera and Mercedes-Benz S-Class [2] - The Aito M9 has maintained its position as the market leader with over 500,000 units sold for 18 consecutive months [2] - By 2026, Hongmeng Zhixing plans to launch new models across its product lines, including new SUVs and off-road vehicles, to strengthen its market position [2] Group 3 - The Ministry of Industry and Information Technology is seeking public opinion on a mandatory national standard for intelligent connected vehicles, set to be implemented on January 1, 2027 [3] - The standard will establish stricter entry requirements for L2-level assisted driving systems, which may benefit vehicles equipped with Huawei's technology [3] - Huawei's advanced driving capabilities are expected to help high-end brands like Aito capture market share from traditional luxury vehicles [3] Group 4 - With the launch of new models and the impending implementation of the intelligent driving standard, Hongmeng Zhixing's sales and market share are expected to rise [4] - Recommended investment targets include SAIC Motor, Jianghuai Automobile, and various component suppliers such as Yinlun, Xinquan, and Bojun Technology [4]