汽车 分析师：龙羽洁 登记编码：S0730523120001 longyj@ccnew.com 0371-65585753 ——汽车行业月报 证券研究报告-行业月报 强于大市(维持) 汽车相对沪深 300 指数表现 相关报告 《汽车行业月报：稳增长工作方案出台，助力行 业高质量发展》 2025-09-23 《汽车行业月报：第三批国补资金下达，淡季行 业平稳运行》 2025-08-19 《汽车行业深度分析：新能源汽车产业链分析 及河南省概况》 2025-07-30 联系人：李智 投资要点： ⚫ 市场回顾：截至 10 月 22 日收盘，汽车（中信）行业指数下跌 6.1%， 跑输同期沪深 300 指数 5.06pct，在中信 30 个一级行业中排名第 29 名。本月个股涨幅靠前的 5 名分别是卡倍亿、岱美股份、渤海 汽车、美力科技、标榜股份。 风险提示：1）政策落地不及预期的风险； 2）行业需求不及预期的风 险； 3）行业竞争加剧的风险；4）智能化进展不及预期的风险。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共23页 汽车产销创历史同期新高，关注旺季表 现 ...

截至2025年10月23日 10:25，沪深300红利低波动指数下跌0.05%。成分股方面涨跌互现，邮储银行领涨 3.32%，华能水电上涨1.40%，兴业银行上涨1.27%；海螺水泥领跌，农业银行、华域汽车跟跌。300红 利低波ETF(515300)多空胶着。 流动性方面，300红利低波ETF盘中换手0.81%，成交3949.68万元。规模方面，300红利低波ETF最新规 模达48.73亿元。资金流入方面，拉长时间看，300红利低波ETF近5个交易日内有3日资金净流入，合 计"吸金"1.63亿元。 截至10月22日，300红利低波ETF近5年净值上涨58.14%，指数股票型基金排名87/1021，居于前8.52%。 从收益能力看，截至2025年10月22日，300红利低波ETF自成立以来，最高单月回报为13.89%，最长连 涨月数为5个月，最长连涨涨幅为14.56%，上涨月份平均收益率为3.57%。截至2025年10月22日，300红 利低波ETF近6个月超越基准年化收益为6.53%。 中银国际认为，从本轮行情经验来看，红利板块与TMT板块呈现明显的"跷跷板"特征，且红利板块与市 场风险偏好呈现较强的负相关关 ...

WUHU, China, Oct. 17, 2025 (GLOBE NEWSWIRE) -- On October 16, 2025 (Beijing Time), the “Endless Horizon Worry-Free Voyage” Chery Super Hybrid (CSH) Global Endurance Test successfully concluded in Wuhu, China. The closing journey spanned three provinces—Shanxi, Henan, and Anhui—covering a total of 1403 kilometers. With a premium lineup consisting of TIGGO7 CSH, TIGGO8 CSH, and TIGGO9 CSH models, the motorcade once again showcased the strong capabilities of CSH technology, validating its stability and comfort ...

Core Viewpoint - The company has successfully completed the acquisition of a 49% stake in Shanghai SAIC Qingtao Energy Technology Co., Ltd. for 205.8969 million RMB, which has now been renamed to Qingtao Power Technology (Shanghai) Co., Ltd. [1] Group 1 - The acquisition was announced on August 28, 2025, and the company has finalized the transaction, including the completion of business registration changes [1] - The ownership structure of Qingtao Power is now 49% held by the company and 51% held by Qingtao (Kunshan) Energy Development Group Co., Ltd. [1]

Core Viewpoint - The company has successfully completed the acquisition of a 49% stake in Shanghai SAIC Qingtai Energy Technology Co., Ltd. for 205.8969 million RMB, which has been renamed to "Qingtai Power Technology (Shanghai) Co., Ltd." [1] Group 1 - The acquisition was announced on August 28, 2025, and the company has now finalized the transaction, including the completion of business registration changes [1] - The ownership structure of Qingtai Power is now 49% held by the company and 51% held by Qingtai (Kunshan) Energy Development Group Co., Ltd. [1]

Core Viewpoint - Huayu Automotive announced the completion of the acquisition of a 49% stake in Qingtao Energy Technology Co., Ltd. from its controlling shareholder, Shanghai Automotive Group Co., Ltd. [2] Group 1: Acquisition Details - The acquisition was valued at 205.8969 million RMB [2] - The company has completed the necessary business registration changes, and the company has been renamed to "Qingtao Power Technology (Shanghai) Co., Ltd." [2] - Huayu Automotive and Qingtao (Kunshan) Energy Development Group Co., Ltd. now hold 49% and 51% stakes in Qingtao Power, respectively [2]

Resumption of Trading - Zhiguang Electric plans to issue new shares to purchase all or part of the minority equity of Guangzhou Zhiguang Energy Technology, leading to the resumption of its stock trading [1] Mergers and Acquisitions - Guotou Fengle's acquirer, Guotou Seed Industry, intends to subscribe for no more than 184 million shares at a price of 5.91 yuan per share [2] Share Buybacks and Equity Transfers - Zhijiang Biology plans to repurchase shares worth between 60 million to 120 million yuan [3] - YTO Express, for strategic and financial planning reasons, intends to transfer no more than 2% of its shares through block trading by Hangzhou Haoyue [4] Daily Operations and External Investments - Zhaofeng Co. signed a strategic cooperation framework agreement with NiuNai Robotics, focusing on cognitive and humanoid robot development [5] - Huayu Automotive completed the acquisition of a 49% stake in Shanghai SAIC Qingtao Energy Technology Co., Ltd. [6] - Dingjide's high-end new material project for petrochemical technology, POE industrialization device, has been put into production [7] - Chiplink Integration plans to increase capital by 1.8 billion yuan to ensure the ongoing implementation of its 12-inch integrated circuit analog mixed-signal chip manufacturing project [7] - Shanghai Xiba has obtained the IATF16949 automotive quality management system certification for the design and production of silicon-carbon anode materials for new energy batteries [7] - Zhongtian Technology won multiple marine series projects in deep-sea technology, totaling approximately 1.788 billion yuan [8] - TBEA's subsidiary plans to acquire 74.19% of Shuguang Cable for 946 million yuan, specializing in 1E-level K1 and K3 cables for nuclear power plants [8] - Junshi Biosciences received FDA approval for the clinical trial application of JS207 for neoadjuvant therapy in non-small cell lung cancer patients [9] - Longbai Group's subsidiary intends to acquire assets related to Venator UK's titanium dioxide business [10] - Yunnan Energy Investment is investing 1.872 billion yuan to construct a 350MW compressed air energy storage demonstration project in Kunming Anning [11] Performance Changes - Shijia Photon reported a net profit of 299 million yuan for the first three quarters, a year-on-year increase of 728%, with orders for optical chips and devices increasing [12] - Guangku Technology expects a net profit of 110 million yuan for the first three quarters, a year-on-year increase of 97.00%-117.00%, driven by technological innovation and new product launches [12] - Rongzhi Rixin anticipates a net profit of 26.4 million to 27.4 million yuan for the first three quarters, a year-on-year increase of 871.30%-908.09% [13] - Guangsheng Nonferrous expects a net profit of 100 million to 130 million yuan for the first three quarters, a year-on-year increase of 136.29% to 147.18%, due to rising rare earth market prices [14] - Aobi Zhongguang expects to achieve a net profit of approximately 108 million yuan for the first three quarters, returning to profitability with rapid growth in various business areas [15] - Cangge Mining reported a net profit of 951 million yuan in the third quarter, a year-on-year increase of 66.49% [15]

华域汽车系统股份有限公司 关于收购上海上汽清陶能源科技有限公司 49%股权的进展公告 董 事 会 2025 年 10 月 17 日 1 特此公告。 证券代码：600741 证券简称：华域汽车 公告编号：临 2025-024 华域汽车系统股份有限公司 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、准确性和完整性依法承担法律责任。 2025 年 8 月 28 日，公司发布公告，拟以 20,589.69 万元人民币 收购公司控股股东上海汽车集团股份有限公司持有的上海上汽清陶 能源科技有限公司 49%股权。【具体内容详见《华域汽车系统股份有 限公司关于收购上海上汽清陶能源科技有限公司 49%股权暨关联交 易的公告》（公告编号：临 2025-021）】 近日，公司已完成上述股权收购事宜，上海上汽清陶能源科技有 限公司完成工商变更登记等手续，并更名为"清陶动力科技（上海） 有限公司"（以下简称"清陶动力"），公司和清陶（昆山）能源发展 集团股份有限公司分别持有清陶动力 49%和 51%股权。 ...

Core Viewpoint - Huayu Automotive (600741.SH) announced the completion of a 206 million RMB acquisition of a 49% stake in Shanghai SAIC Qingtao Energy Technology Co., Ltd. from its controlling shareholder, Shanghai Automotive Group Co., Ltd. [1] Group 1 - The acquisition was finalized recently, and the company has completed the necessary business registration changes [1] - Shanghai SAIC Qingtao Energy Technology Co., Ltd. has been renamed to "Qingtai Power Technology (Shanghai) Co., Ltd." [1] - The company and Qingtai (Kunshan) Energy Development Group Co., Ltd. now hold 49% and 51% stakes in Qingtai Power, respectively [1]

华域汽车公告，公司已完成以2.06亿元收购公司控股股东上海汽车集团股份有限公司持有的上海上汽清 陶能源科技有限公司49%股权。收购完成后，公司和清陶（昆山）能源发展集团股份有限公司分别持有 清陶动力49%和51%股权。 ...