金融界消息 截至2025年7月30日收盘，凌云股份（600480）报收于11.76元，下跌2.49%，换手率 2.18%，成交量26.20万手，成交金额3.10亿元。 天眼查商业履历信息显示，凌云工业股份有限公司，成立于1995年，位于保定市，是一家以从事汽车制 造业为主的企业。企业注册资本94049.841万人民币，实缴资本94049.841万人民币。公司法定代表人为 罗开全。 通过天眼查大数据分析，凌云工业股份有限公司共对外投资了42家企业，参与招投标项目707次，知识 产权方面有商标信息6条，专利信息495条，此外企业还拥有行政许可7个。 来源：金融界 资金流向方面，今日主力资金净流出5396.36万元，占比成交额17.4%。其中，超大单净流出2987.96万 元、占成交额9.64%，大单净流出2408.39万元、占成交额7.77%，中单净流出流入2341.26万元、占成交 额7.55%，小单净流入3055.10万元、占成交额9.85%。 凌云股份最新一期业绩显示，截至2025一季报，公司营业总收入43.39亿元、同比增长0.92%，归属净利 润2.15亿元，同比减少2.91%，扣非净利润1.89亿元， ...

Investment Rating - The report provides a positive investment outlook for the medical equipment sector, highlighting potential growth opportunities due to recent procurement trends and market recovery [1]. Core Insights - The medical equipment sector has shown a significant recovery in procurement since Q4 2024, with expectations for financial performance to reflect this recovery by Q3 2025 [1]. - The technology sector is expected to benefit from the commercialization of tier 1 generative models, which could lead to a revaluation of core business segments [1]. - The beverage industry, particularly Dongpeng Beverage, is experiencing strong sales growth, driven by new product launches and market expansion [1]. - The semiconductor equipment sector is seeing increased demand, with a focus on expanding production capabilities and meeting the needs of major clients [1]. - The aerospace and defense sector is positioned for growth as it aligns with national strategic goals, despite facing some operational challenges [1]. - The chemical sector is witnessing a recovery in performance, supported by favorable domestic policies and improving pricing power [1]. - The rare earth industry is expected to see significant growth due to rising demand in high-growth areas such as electric vehicles and robotics [1]. Summary by Category Medical Equipment - The report emphasizes the strong bidding performance of companies in the ultrasound and endoscopy segments, with notable growth in market share expected in 2025 [1]. Technology - The report highlights the potential for revenue growth driven by the deepening of platform capabilities and international expansion strategies [1]. Beverage - Dongpeng Beverage is noted for its rapid sales growth, with new product lines contributing to a more robust revenue stream [1]. Semiconductor Equipment - The report indicates that the company is transitioning from a focus on panel testing to semiconductor equipment, with expectations for significant revenue growth in this area [1]. Aerospace and Defense - The report outlines the strategic importance of the aerospace sector in national planning, with a focus on achieving operational goals despite regulatory challenges [1]. Chemicals - The report discusses the positive outlook for the chemical sector, driven by improved pricing and demand recovery [1]. Rare Earth - The report notes a substantial increase in production and sales in the rare earth sector, driven by strong demand in emerging technologies [1].

证券代码：600480 证券简称：凌云股份 编号：2025-048 凌云工业股份有限公司（以下简称"凌云股份"或"公司"）于 2024 年 8 月 26 日召开第八届董事会第十九次会议和第八届监事会第十五次会议，审议通过了 《关于使用部分闲置募集资金临时补充流动资金的议案》，同意公司在保证不影 响本次非公开发行募集资金投资项目实施进度的前提下，本着全体股东利益最大 化原则，使用闲置募集资金 1.5 亿元临时补充流动资金，使用期限自公司董事会 审议通过之日起不超过 12 个月，到期日之前归还至相应募集资金专户。具体内 容详见公司于 2024 年 8 月 27 日在上海证券交易所网站上披露的《关于使用部 分闲置募集资金临时补充流动资金的公告》（公告编号：2024-039）。 截至 2025 年 7 月 24 日，公司已将上述用于临时补充流动资金的 1.5 亿元 闲置募集资金全部归还至相应募集资金专用账户,并已将募集资金归还情况及时 告知保荐机构中信建投证券股份有限公司及保荐代表人。 特此公告。 凌云工业股份有限公司董事会 凌云工业股份有限公司 关于闲置募集资金临时补充流动资金全部归还的公告 本公司董事会及全体董事 ...

Core Viewpoint - The report by Huajin Securities on Lingyun Co., Ltd. highlights the company's stable performance in traditional businesses while emphasizing the growth potential from emerging sectors such as sensors, leading to a "buy" rating for the stock [1] Company Overview - Lingyun Co., Ltd. primarily engages in the production and sales of automotive parts and plastic pipeline systems, with key products including body safety structure products, new energy vehicle battery products, and automotive pipeline systems [2] - The company is projected to achieve a revenue of 18.837 billion yuan in 2024, reflecting a year-on-year growth of 0.72%, and a net profit attributable to shareholders of 655 million yuan, up 3.77% year-on-year [2] Client Base and Orders - The company has a robust client base, including major domestic and international automotive manufacturers and new energy vehicle battery producers such as BMW, Mercedes-Benz, Audi, and BYD [3] - In 2024, Lingyun secured new orders totaling 51 billion yuan, with lifecycle project values exceeding 35 billion yuan in automotive metal and over 15 billion yuan in automotive pipeline projects [3] New Business Developments - Lingyun is actively pursuing new business opportunities in smart and integrated technologies, with its sensor business entering a key project under the Ministry of Industry and Information Technology [4] - The company has made significant progress in developing various projects, including battery packaging systems and automotive thermal management systems, which are now in the sample and market promotion stages [4] Financial Projections - Revenue forecasts for Lingyun from 2025 to 2027 are 19.477 billion yuan, 20.433 billion yuan, and 21.416 billion yuan, with corresponding net profits of 814 million yuan, 924 million yuan, and 1.028 billion yuan, indicating growth rates of 24.2%, 13.5%, and 11.3% respectively [5] - The earnings per share (EPS) are projected to be 0.67 yuan, 0.76 yuan, and 0.84 yuan for the years 2025, 2026, and 2027 [5] Analyst Ratings - In the past 90 days, 10 institutions have rated the stock, with 9 giving a "buy" rating and 1 an "accumulate" rating, while the average target price among institutions is 16.26 yuan [7]

凌云工业股份有限公司（以下简称"凌云股份"或"公司"）于 2024 年 8 月 26 日召开第八届董事会第十九次会议和第八届监事会第十五次会议，审议通过了 《关于使用部分闲置募集资金临时补充流动资金的议案》，同意公司在保证不影 响本次非公开发行募集资金投资项目实施进度的前提下，本着全体股东利益最大 化原则，使用闲置募集资金 1.5 亿元临时补充流动资金，使用期限自公司董事会 审议通过之日起不超过 12 个月，到期日之前归还至相应募集资金专户。具体内 容详见公司于 2024 年 8 月 27 日在上海证券交易所网站上披露的《关于使用部 分闲置募集资金临时补充流动资金的公告》（公告编号：2024-039）。 截至 2025 年 7 月 24 日，公司已将上述用于临时补充流动资金的 1.5 亿元 闲置募集资金全部归还至相应募集资金专用账户,并已将募集资金归还情况及时 告知保荐机构中信建投证券股份有限公司及保荐代表人。 特此公告。 证券代码：600480 证券简称：凌云股份 编号：2025-048 凌云工业股份有限公司 关于闲置募集资金临时补充流动资金全部归还的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 ...

Group 1 - The core viewpoint of the article highlights the performance and management of Changsheng Fund's Changsheng State-Owned Enterprise Reform Mixed Fund, which has seen a net asset increase of 5.72% to 386 million yuan as of June 30, 2025 [1] - The fund manager, Dai Yi, has a background in research and has held various positions within Changsheng Fund since 2010, currently managing multiple funds including the Changsheng Urbanization Theme Mixed Fund [1] - The fund's recent share scale changes indicate a total share of 0.02 billion with a net asset of 20 million yuan, reflecting a significant decrease in net asset value over recent periods [2] Group 2 - The fund's performance metrics show a 3-month return of 17.79%, a 1-year return of 34.88%, and a since inception return of -56.3%, indicating volatility and challenges in long-term performance [2] - The top ten stock holdings of the fund account for a combined 47.49% of the portfolio, with notable companies including Shengyi Technology and Huafeng Technology [2] - Changsheng Fund Management Co., Ltd. was established in March 1999 and is based in Shenzhen, with a registered capital of 206 million yuan [2]

Investment Rating - The report indicates a positive investment outlook for the humanoid robot industry, highlighting significant growth potential driven by policy support and technological advancements [3][10]. Core Insights - The humanoid robot industry is experiencing rapid development, with government policies emphasizing embodied intelligence as a key focus for future industrial growth [10]. - Major companies are investing heavily in humanoid robotics, leading to accelerated technological progress and market expansion [3][8]. - The production of humanoid robots is set to increase significantly, with projections estimating a global market size of 150 billion yuan by 2029 [3][17]. Summary by Sections 1. Emergence of the Humanoid Robot Industry - The humanoid robot sector is entering a phase of industrialization, with advancements in AI enhancing interaction and learning capabilities [6][8]. 2. Harmonic Reducers: Acceleration of Domestic Production - Domestic manufacturers are ramping up production of harmonic reducers, which are critical components for humanoid robots [22][39]. 3. Planetary Roller Screws: Breakthrough in Domestic Production - The planetary roller screw market is expanding, with increasing applications in various industries, including automotive and robotics [56][68]. 4. Frameless Torque Motors: Domestic Performance Surpassing Expectations - Domestic frameless torque motors are showing competitive advantages in performance and cost, contributing to the overall growth of the humanoid robot market [28][29]. 5. Dexterous Hands: Technological Iteration and Upgrades - The development of dexterous hands is crucial for enhancing the functionality of humanoid robots, with ongoing technological improvements [22][28]. 6. Six-Dimensional Torque Sensors: Continuous Cost Reduction - The market for six-dimensional torque sensors is expected to grow as costs decrease, making them more accessible for humanoid robot applications [22][28]. 7. Market Potential and Production Plans - Companies like Tesla and Figure AI are planning significant production increases, with Tesla aiming for 5000 units in 2025 and up to 1 million units by 2029 [17][19].

Investment Rating - The report gives a "Strong Buy" rating for Lingyun Co., Ltd. with a target price of 14.9 CNY [1]. Core Views - The company is expected to benefit from the dual drivers of hot stamping and battery box businesses, with a significant increase in revenue and profit projected due to the rising penetration of new energy vehicles [1][6]. - Lingyun has established a strong market position through strategic partnerships and acquisitions, enhancing its capabilities in key automotive components [6][38]. Financial Summary - Projected total revenue for 2024A is 18,837 million CNY, with a growth rate of 0.7% [1]. - Expected net profit attributable to shareholders for 2024A is 655 million CNY, reflecting a year-on-year growth of 3.8% [1]. - Earnings per share are projected to be 0.54 CNY for 2024A, with a price-to-earnings ratio of 22 times [1]. Business Overview - Lingyun Co., Ltd. has over 30 years of experience in the automotive parts industry, with a global presence and a focus on high-strength, lightweight automotive safety systems and various pipeline systems [6][13]. - The company has diversified into new energy battery management systems, fluid control systems, and sensor technology, creating new growth avenues [6][13]. Hot Stamping and Battery Box Business - The hot stamping business is expected to grow due to the increasing demand for lightweight and high-strength components in the automotive industry [23][24]. - The battery box segment is projected to expand significantly as the penetration of new energy vehicles increases, with the market for aluminum battery boxes expected to reach approximately 350 billion CNY by 2027 [38][49]. Sensor Technology Development - Lingyun is actively developing sensor technology, particularly in the field of force sensors for robotics, which is anticipated to open new growth opportunities [6][38]. - The company plans to collaborate with research institutions to accelerate the development of sensor projects, enhancing its long-term growth potential [6][38]. Market Position and Competitive Advantage - Lingyun has established partnerships with major automotive manufacturers, including Tesla, BMW, and Audi, which strengthens its market position [6][38]. - The company has a diversified product portfolio and a broad customer base, which contributes to its competitive advantage in the automotive parts market [6][38].

Core Viewpoint - The Tesla concept sector experienced a slight decline of 0.15% with a significant capital outflow of approximately 2.92 billion [1] Group 1: Stock Performance - A total of 84 stocks within the sector saw an increase, while 113 stocks experienced a decline [1] - The top-performing stocks included: - Gongzhi Tui (11.54%) - Kelu Electronics (10.02%) - Haosen Intelligent (7.49%) - Zhongke Sanhuan (5.22%) - Hezhuan Intelligent (5.02%) - Jinli Yongci (4.48%) - China Automotive Research (4.1%) - Jinjing Technology (3.23%) - Southern Precision (3.09%) - Nanbo A (2.49%) - *ST Weier (2.38%) - Nord Shares (2.03%) - Spring and Autumn Electronics (2.02%) - Baolong Technology (1.92%) - Hengdian East Magnet (1.74%) - Galaxy Magnet (1.71%) - Paislin (1.63%) - Shida Shenghua (1.61%) - Bowei Alloy (1.4%) - Delian Group (1.38%) [1] Group 2: Declining Stocks - The stocks with the largest declines included: - Rongtai Co. (-7.53%) - Yamaton (-5.0%) - Shenghong Technology (-4.96%) - Quanfeng Automotive (-4.64%) - Shuanglin Co. (-3.99%) - Xingyuan Zhuomei (-3.36%) - Jintuo Co. (-3.08%) - Keda Li (-3.01%) - Hailian Jinhui (-2.98%) - Huafeng Superfiber (-2.86%) - Chaojie Co. (-2.74%) - Jifeng Co. (-2.66%) - Ningbo Huaxiang (-2.64%) - Changsheng Bearing (-2.54%) - Saiwu Technology (-2.34%) - Fabon Information (-2.25%) - Chaoda Equipment (-2.07%) - Lingyun Co. (-2.06%) - Sikan Technology (-1.94%) - Changhua Group (-1.86%) [1]

增持计划的实施进展：截至 2025 年 7 月 8 日，凌云集团通过上海证券 交易所交易系统以集中竞价交易方式累计增持本公司股份 2,690,580 股，约占本 公司总股本的 0.29%，增持金额约 4,005.58 万元，达到本次增持计划拟增持金 额区间下限的 50%。 增持计划无法实施风险：凌云集团增持计划尚未完成，因资本市场发生 变化等目前尚无法预判的因素，可能导致本次增持计划无法按期完成，敬请广大 投资者注意投资风险。 | 增持主体名称 | 北方凌云工业集团有限公司 | | | | --- | --- | --- | --- | | 增持主体身份 | 控股股东、实控人 | 是 | 否 | | | 控股股东、实控人的一致行动人 | 是 | 否 | | | 直接持股 5%以上股东 | 是 | 否 | | | 董事、监事和高级管理人员 | 是 | 否 | | | 其他：无 | | | | 增持前持股数量 | 股 295,092,102 | | | | 增持前持股比例 | 31.38% | | | | （占总股本） | | | | 一、增持主体的基本情况 1 证券代码：600480 证券简称 ...