均胜电子向第一财经回复称，与"中国碰撞维修技术中心"不存在任何形式的合作开发协议。 今日（9月22日），均胜电子（600699.SH）向第一财经回复称，他们与"中国碰撞维修技术中心"不存在 任何形式的合作开发协议。 有知情人士告诉第一财经，该"中国碰撞维修技术中心"属于麦特集团，后者旗下拥有威力狮 （welion）、奔腾（BANTAM）、MAXIMA等自主品牌。 天眼查显示，"中国碰撞维修技术中心"并无工商备案信息。麦特集团官网显示，该集团成立于1992年， 主要做汽车后市场相关业务。第一财经记者于9月22日午间拨打了公司官网的电话，其中，位于中国烟 台的中国总部电话无人接听，北京分公司的三个号码均为空号。 在刚刚过去的周末，一段关于汽车电池在热失控时可以弹出的视频在网络热传。 视频显示，9月19日，一辆车身贴着"中国碰撞维修技术中心"的汽车演示，该技术能够在电池热失控的 时候，将电池抛出车身3~6米外，实现车电分离。视频消息称，"中国碰撞维修技术中心"与均胜电子联 合推出了这项电池弹射技术。 该视频迅速引起争议，比如"把活命留给自己，把灾难弹射给众人"，"死道友不死贫道"…… ...

Summary of Key Points Core Viewpoint - As of September 19, the total market financing balance decreased to 2.38 trillion yuan, with notable reductions in both the Shanghai and Shenzhen stock exchanges, indicating a trend of reduced leverage in the market [1]. Company Insights - On September 19, a total of 1,589 stocks experienced net financing inflows, with 442 stocks having net inflows exceeding 10 million yuan, and 42 stocks exceeding 100 million yuan [1]. - The top stock by net financing inflow was O-film Tech, with a net inflow of 634 million yuan, followed by Junsheng Electronics and Zhongwei Company with net inflows of 577 million yuan and 537 million yuan, respectively [2]. - Other significant stocks with high net inflows included Luxshare Precision, Kunlun Wanwei, and CATL [1]. Industry Analysis - The industries with the highest concentration of stocks receiving net financing inflows exceeding 100 million yuan were electronics, communications, and power equipment, with 13, 8, and 5 stocks respectively [1]. - The distribution of stocks with large net inflows showed that 27 were from the main board, 10 from the ChiNext board, and 5 from the Sci-Tech Innovation board [1]. Financing Balance Insights - The average financing balance as a percentage of the circulating market value for stocks with significant net inflows was 4.13%, with Suao Sensor having the highest ratio at 9.04% [2]. - Other stocks with high financing balance ratios included Shannon Chip and Xian Dao Intelligent, both around 7.07% [2].

当前，具身智能产业软硬件发展提速、应用场景不断拓展。民生证券在最新研报中表示，基于在跨场景 适配与承载AI落地方面的强大能力，人形机器人有望在未来5至10年重塑产业生态，在工业制造、医疗 康复等多领域实现规模化渗透，成为新一轮科技革命的战略制高点。 近期，国内上市公司加速具身智能产品布局，从机器人"大脑"解决方案到工厂物流场景应用落地，积极 弥补行业细分场景短板；国际头部企业与初创公司也在技术突破与量产规划上动作频频。 ● 本报记者 王婧涵 上市公司密集推新 9月18日，均胜电子举办新品发布会，发布机器人AI头部总成、基于英伟达Jetson Thor芯片的机器人全 域控制器及新一代机器人能源管理产品。 均胜电子表示，该款专为具身智能机器人打造的AI头部总成，高度集成柔性显示屏、麦克风阵列、深 度相机等功能，搭载的多模态AI交互系统可实现主动语音交互、人脸识别跟随，"能让机器人不仅懂你 所言，更懂你所感"。 Figure AI表示，本轮融资将用于推动机器人进入家庭与商业场景、建设GPU训练基础设施和启动高级数 据收集工作。 均胜电子董秘俞朝辉表示："过去机器人多为厂商自行组装，存在兼容性与稳定性问题，我们通过车 ...

Group 1 - The company has secured two major automotive clients for intelligent vehicle projects, with a total lifecycle order value of approximately 15 billion yuan, expected to start mass production in 2027 [1] - On September 18, the company launched a new AI head assembly for robots and a global controller based on NVIDIA's Jetson Thor chip, along with a new generation of robot energy management products [2] - The AI head assembly features an integrated design with multiple functions, enhancing the company's robot component solution matrix [1][2] Group 2 - The global controller equipped with NVIDIA's Jetson Thor chip boasts an AI computing power of 2070 TOPS, which is 7.5 times that of the previous generation, and a 3.5 times improvement in overall energy efficiency [2] - The company has formed a strategic partnership with Swiss robotics company RIVR to provide customized robot domain controller solutions and energy management systems, supporting RIVR's expansion in North America, Europe, and Asia-Pacific [2] - The company has introduced a new high-energy density battery pack and a next-generation wireless charging solution for robots, addressing current limitations in battery capacity and charging convenience [2] Group 3 - The automotive sector is benefiting from the demand growth driven by the electric and intelligent transformation, with continuous integration in automotive electronics, intelligent driving, and passive safety [3] - The recent acquisition of a 15 billion yuan order from international clients enhances the company's global competitiveness and supports steady growth in its main business [3] - The company is expected to achieve revenues of 63.13 billion yuan, 67.47 billion yuan, and 71.91 billion yuan from 2025 to 2027, with year-on-year growth rates of 13.0%, 6.9%, and 6.6% respectively [3]

值得注意的是，进入9月后，公司在资本市场的表现可谓"叫好又叫座"。截至9月19日，公司股价本月累 计上涨74.84%；而在本轮上涨期间，公司控股股东均胜集团选择"高位增持"70万股公司股份，增持金额 约1895.93万元，引发市场热烈反响。 卡位机器人"头部" 据悉，此次均胜电子发布会中，较为吸睛的要数"具身智能机器人AI头部总成"产品，其采用一体化结构 设计，具备主动语音交互、人脸识别跟随、精准意图识别、实时图像生成等功能。 21世纪经济报道记者赵云帆 宁波报道 股价三连板，创出历史新高，控股股东"高位增持"——最近，A 股智能汽车产业链龙头企业均胜电子（600699）（600699.SH），终于在其姗姗来迟的机器人产品发布 会上，揭开了其"第二增长曲线"的一角。 9月18日，均胜电子在宁波总部发布了三类机器人集成产品，包括人形机器人AI头部总成、基于英伟达 Jetson Thor芯片的全域控制器，以及新一代机器人能源管理产品。 与大量聚焦机电执行器或灵巧手的A股机器人赛道"友商"对比，均胜电子是为数不多聚焦机器人头部， 能源管理，智能系统集成的机器人模组细分赛道选手。 同时，记者也发现，与公司打出的Slo ...

每经记者｜朱成祥 每经编辑｜陈俊杰 胡爽强调："智能座舱多模态AI交互能力给乘客、驾驶员提供了更多的价值。但在人形机器人领域，目前这样的交互体验还没有被特别多地关注到。在未 来，交互智能在三大智能中的地位一定是非常重要的。此外，均胜在汽车智能驾驶领域的能力，也可以迁移到人形机器人移动智能领域。" 胡爽告诉《每日经济新闻》记者："人形机器人的智能主要分为三大类，移动智能、操作智能以及交互智能。移动智能是让人形机器人像自动驾驶一样，能 够在无图开放环境自主导航避障；操作智能便是现在关注较多的机械臂，包括末端执行器精细化、泛化操作；交互智能是通过大语言模型、多模态模型进行 AI交互。" 胡爽表示："均胜刚刚发布的AI头部总成，其实就是把AI多模态交互模型的能力嵌入，从而提供情感陪伴、自然交流。" 据了解，胡爽曾带领团队将人工智能应用到汽车上，深入研发智能座舱、智能网联、智能驾驶等技术，把AI模型算法用在汽车智能化相关产品。胡爽和他 的团队打造了智能座舱多模态融合感知平台，通过图像、点云、语音、文本等多模态数据流的融合感知，使车辆更加全面和准确地理解当前车内外人员及环 境状况。 可以看出，均胜电子的AI头部总成就是将 ...

Index Performance - The CSI A500 Index experienced a slight increase of 0.02%, closing at 5433.29 points on September 19 [5] - The average daily trading volume for the week was 9126.33 billion yuan, reflecting a week-on-week increase of 2.7% [5] Component Stocks Performance - The top ten gainers for the week included: - Junsheng Electronics (600699.SH) with a rise of 44.25% - Shanghai Construction (600170.SH) up by 31.70% - Sanhua Intelligent Control (002050.SZ) increasing by 20.72% [3] - The top ten losers for the week included: - Northern Rare Earth (600111.SH) down by 12.20% - Junshi Biosciences (688180.SH) decreasing by 9.84% - Xiamen Tungsten (000960.SZ) falling by 9.45% [3] Fund Performance - A total of 39 CSI A500 funds mostly saw increases, with the top performer being Guolian An with a rise of 0.424% [5] - The total scale of CSI A500 funds reached 1865.27 billion yuan, with the largest funds being Huatai Baichuan (221.82 billion yuan), Guotai Fund (204.94 billion yuan), and E Fund (204.55 billion yuan) [5] Economic Context - The Federal Reserve lowered the benchmark interest rate by 25 basis points to a range of 4.00%-4.25% on September 17, restarting the rate cut cycle [6] - Short-term market expectations for rate cuts have been largely priced in, potentially leading to volatility as actual policy effects and economic data unfold [6] - In the medium to long term, the Fed's rate cuts are expected to positively impact the A-share market, with a stronger yuan improving foreign investment sentiment [6]

| 300660 | 江苏雷利 | -8.00 | 6.97 | -14489.24 | | --- | --- | --- | --- | --- | | 301488 | 豪恩汽电 | -11.92 | 34.92 | -14408.04 | | 300083 | 创世纪 | -3.24 | 6.11 | -14276.40 | | 603667 | 五洲新春 | -10.00 | 12.35 | -13166.37 | | 002484 | 江海股份 | -3.15 | 4.62 | -12918.48 | | 688556 | 高测股份 | -6.00 | 6.08 | -12800.33 | | 300353 | 东土科技 | -2.80 | 8.03 | -12463.57 | | 603305 | 旭升集团 | -2.66 | 5.45 | -12105.02 | | 688777 | 中控技术 | -1.14 | 2.40 | -11436.77 | | 300580 | 贝斯特 | -4.39 | 5.20 | -11425.82 | | 603662 | 柯力传感 | -6.75 | 7. ...

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating an expectation that the industry index will outperform the market index by over 10% in the next six months [50]. Core Insights - The automotive sector has shown strong performance, with the Shenwan Automotive Index rising 9.38% over the past two weeks, outperforming the CSI 300 Index by 6.33 percentage points, ranking 4th among 31 industries [11][12]. - The report highlights a systematic policy support cycle for automotive manufacturers, which is expected to positively impact sales growth and investments in new models and technologies [46]. - The report emphasizes the importance of the recently issued "Automotive Industry Stabilization Growth Work Plan," which aims for total vehicle sales of 32.3 million units in 2025, a year-on-year increase of approximately 3%, and 15.5 million units of new energy vehicles, a year-on-year increase of about 20% [46]. Industry Data Tracking - In August, China's automotive production reached 2.815 million units, a year-on-year increase of 13.0% and a month-on-month increase of 8.6%. Sales were 2.857 million units, up 16.5% year-on-year and 10.2% month-on-month. Exports totaled 611,000 units, reflecting a year-on-year increase of 19.6% and a month-on-month increase of 6.3% [18][19]. - The automotive dealer inventory warning index stood at 57.0%, showing a year-on-year increase of 0.80 percentage points but a month-on-month decrease of 0.20 percentage points [18]. Industry News - The Ministry of Industry and Information Technology is soliciting public opinions on safety standards for intelligent connected vehicles, which is expected to strengthen the safety baseline for the industry [26][28]. - The market for intelligent driving components and systems is projected to reach $100 billion by the end of the 14th Five-Year Plan, with significant growth anticipated in the coming years [29]. - The report notes a decline in retail sales of passenger vehicles in early September, with a total of 732,000 units sold, a year-on-year decrease of 4% [30]. Corporate News - NIO has completed a $1.16 billion equity issuance, with proceeds intended for investment in core technologies for smart electric vehicles [36]. - Chery Automobile plans to open its IPO on September 17, targeting a valuation of HKD 140 billion [37]. - The report mentions the launch of the Xiangjie S9T, priced from 309,800 yuan, featuring advanced technology and a long range [38][39]. Investment Recommendations - The report suggests focusing on manufacturers enhancing brand competitiveness through smart technology, such as BYD and Seres [46]. - It also highlights the potential for growth in the intelligent driving supply chain, recommending companies like Fuyao Glass and Junsheng Electronics [46]. - Additionally, it identifies Yutong Bus as a beneficiary of the "old-for-new" policy for new energy buses [46].

沪指9月19日下跌0.30%，申万所属行业中，今日上涨的有16个，涨幅居前的行业为煤炭、有色金属， 涨幅分别为1.97%、1.19%。跌幅居前的行业为汽车、医药生物，跌幅分别为1.94%、1.41%。汽车行业 位居今日跌幅榜首位。 资金面上看，两市主力资金全天净流出587.33亿元，今日有8个行业主力资金净流入，有色金属行业主 力资金净流入规模居首，该行业今日上涨1.19%，全天净流入资金8.72亿元，其次是传媒行业，日涨幅 为0.49%，净流入资金为6.92亿元。 汽车行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 000981 | 山子高科 | -4.91 | 30.79 | -168483.15 | | 600699 | 均胜电子 | 0.60 | 22.87 | -76263.24 | | 600418 | 江淮汽车 | -2.54 | 3.44 | -72765.10 | | 000559 | 万向钱潮 | -9.98 | 8.74 | -45235.35 | | 601 ...