2月8日晚间，赛力斯（601127.SH）发布《关于签署合作协议的公告》，公告称，赛力斯于2026年2月8 日与重庆市沙坪坝区人民政府签署《合作协议》。 蓝电汽车业务"出表"。 第一财经记者发现，赛力斯并未在财报中提及"蓝电"作为独立产品线或独立业务板块的详细经营数据， 也未单独披露其营业收入、净利润或销量等财务指标，仅作为赛力斯下属子公司列示于企业集团构成表 中。 分析人士指出，作为年销量在2万至3万辆区间的新创品牌，蓝电汽车的财务数据若能"出表"（即不再并 入赛力斯上市公司主体的合并报表），或有助于提升赛力斯上市公司报表的利润率水平和盈利表现。 赛力斯也在公告中称，本次合作剥离存量资产旨在优化公司资产结构。值得注意的是，这次合作仍存在 较大不确定性，包括投资人的最终出资金额、公司出资资产和估值、对赛力斯经营业绩的影响等。 事实上，赛力斯与沙坪坝区政府的深度合作也早有端倪。2025年9月，赛力斯和重庆市沙坪坝区国资委 已经合资注册成立了重庆蓝电汽车科技有限公司，赛力斯持股比例为35%，重庆市沙坪坝区国资委控股 的两家企业合计持股65%。 这家合资公司100%持股重庆凤凰技术有限公司，后者业务范围涵盖人工智能 ...

Investment Rating - The investment rating for the industry is "Positive" (maintained) [2] Core Insights - In January 2026, the heavy truck market showed a strong wholesale performance with approximately 100,000 units sold, marking a significant increase of about 39% compared to the same month last year [5][13] - The terminal sales for heavy trucks are expected to decline by 5% to 10% year-on-year, with a severe drop of over 85% in the new energy truck segment [5][13] - NIO is projected to achieve an adjusted operating profit of 700 million to 1.2 billion RMB in Q4 2025, marking its first positive quarterly adjusted operating profit [17] - The automotive sector is experiencing a shift towards high-end luxury vehicles, with domestic demand exceeding expectations [7] - The automotive parts sector is expected to see an upward turning point in profitability due to industry consolidation and downstream expansion [7] Summary by Sections Industry Key News - In January 2026, the heavy truck market's wholesale sales reached around 100,000 units, with terminal sales expected to decline year-on-year [5][13] - NIO anticipates an adjusted operating profit of 700 million to 1.2 billion RMB for Q4 2025 [17] - BYD plans to localize 50% of its parts manufacturing in Brazil by the end of 2026 [19] - Tesla is transitioning to humanoid robot production, with a long-term business value projected at 25 trillion USD [20] Market Performance - The A-share automotive sector outperformed the broader market with a weekly increase of 0.47%, ranking 10th among major sectors [24] - The commercial vehicle index rose by 1.34%, led by Jinlong Automobile and Foton Motor [6][29] - The automotive parts sector saw a 0.58% increase, with significant gains from companies like Xingmin Zhitong and Yinlun [6][32] Investment Recommendations - For passenger vehicles, high-end domestic brands like JAC Motors and Seres are recommended due to strong demand and favorable competition [7] - In the automotive parts sector, companies such as Desay SV and Zhejiang Xiantong are highlighted for their growth potential [7]

Performance Highlights - Guomachine General reported a net profit of 585.16 million yuan for 2025, a year-on-year increase of 45.71% with total revenue of 899 million yuan, up 17.32% [5] - Tianshili achieved a net profit of 1.105 billion yuan, a 15.68% increase year-on-year, despite a revenue decline of 3.08% to 8.236 billion yuan [5] - Focus Technology's net profit rose by 11.73% to 504 million yuan, with total revenue reaching 1.92 billion yuan, up 15.06% [5] - Times Electric reported a net profit of 4.105 billion yuan, a 10.88% increase, with total revenue of 28.761 billion yuan, up 15.46% [5] - Tongxingbao's net profit increased by 5.51% to 221 million yuan, with total revenue of 1.068 billion yuan, up 19.24% [5] Capital Increase & Restructuring - Ruili Kemi is planning to issue shares to acquire a 16% stake in its subsidiary, with trading suspended from February 9 [6] - Longyun Co. intends to acquire a 58% stake in Yuheng Film and Television, with trading resuming on February 9 [6] - Yingwang Yingchuang is set to acquire 100% of Lianshi Legend, a smart marketing service provider [6] - Jiantou Energy's application for a specific stock issuance has been approved by the Shenzhen Stock Exchange [6] - Shanshan Co. signed a restructuring investment agreement with its controlling shareholder [6] Major Events - Aihuilong received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations [9] - Tiansheng New Materials also received a notice of investigation for similar reasons [10] - Cloud Road Co. announced the lifting of the detention of its chairman and general manager [10] - TCL Zhonghuan's subsidiary signed a patent licensing agreement with Aiyu Co. for a total fee of 1.65 billion yuan [11] - Shenjian Co. reported that its aerospace business revenue is relatively small, accounting for less than 1% of total revenue [11] Investment Projects - Wantong Expressway plans to invest approximately 5.42 billion yuan in the renovation and expansion of the Lianhuo Expressway [15] - Zhixin Co. intends to invest up to 1.1 billion yuan in an automotive welding parts project [15] - Hangyu Technology plans to invest up to 1.05 million euros in a forging production base in Slovakia [15] - Dongtianwei is set to invest 400 million yuan in a global R&D center and manufacturing headquarters in South China [15] - Zhongguancun is planning to build a modern digital factory for traditional Chinese medicine in Jiamusi City [15] Stock Trading Updates - The stock of Cuihua Jewelry will be suspended for one day starting February 9 due to the freezing of its main bank accounts [4] - The stock of Longyun Co. will resume trading on February 9 after a suspension [23] - Ruili Kemi and Yongtai Technology will be suspended from trading starting February 9 [24]

Company Announcements - Shanshan Co., Ltd. will change its actual controller to the Anhui Provincial State-owned Assets Supervision and Administration Commission if the restructuring is successful [2] - Yongtai Technology plans to acquire a 25% stake in Yongtai High-tech from Ningde Times, making Ningde Times a shareholder [2] - Shenjian Co., Ltd. reported that revenue from its commercial aerospace application will account for less than 1% of its total revenue in 2025 [3] - Anlu Technology's major shareholders, including the National Big Fund, plan to collectively reduce their holdings by no more than 4% [4] Investments & Contracts - Saisir signed a cooperation agreement with the Chongqing Shapingba District People's Government to establish a target company by divesting related assets [5] - Mingguan New Materials decided to terminate the investment agreement for a solar backsheet and functional film production base project due to market conditions [5] Share Buybacks & Reductions - Linyang Energy's controlling shareholder plans to increase its stake in the company by 50 million to 100 million yuan [8] Operations & Performance - Zhongsheng Pharmaceutical's subsidiary achieved positive results in two Phase III clinical trials for its innovative drug, Anladiwei [8] Contracts & Project Awards - Tiancheng Control's subsidiary received a notification to supply passenger car seats to a leading domestic automotive company, with a project lifecycle worth 2.3 billion yuan [9] Stock Price Movements - Jinfutec announced that its main business differs from the target company's, which may pose operational and integration challenges [10] Other - Yunlu Co., Ltd.'s chairman and general manager, Li Xiaoyu, has had his detention lifted and is resuming normal duties [11]

本次合作剥离存量资产旨在优化公司资产结构，符合公司的战略发展，有利于公司的长远发展。各方出 资完成后，公司为标的公司参股股东，对标的公司不具有控制权。本协议的签订对公司经营业绩的影响 尚存在不确定性。 智通财经APP讯，赛力斯(09927)发布公告，公司于2026年2月8日与重庆市沙坪坝区人民政府(以下简 称"沙坪坝区政府")签署《合作协议》，公司以蓝电汽车相关存量资产剥离出资设立标的公司(名称暂未 确定，以下简称"标的公司")，沙坪坝区政府组建或引入有限合伙企业(或基金)(以下简称"甲方SPV")与 其他投资人及经营团队以现金对标的公司增资。各方出资后，甲方SPV持股约33.5%，其他投资人持股 约18.5%，公司及公司指定主体持股约32%，标的公司搭建员工持股平台持股约16%。标的公司董事会 由5人组成，公司委派1人。 ...

本次合作剥离存量资产旨在优化公司资产结构，符合公司的战略发展，有利于公司的长远发展。各方出 资完成后，公司为标的公司参股股东，对标的公司不具有控制权。本协议的签订对公司经营业绩的影响 尚存在不确定性。 智通财经APP讯，赛力斯(09927)发布公告，公司于2026年2月8日与重庆市沙坪坝区人民政府(以下简 称"沙坪坝区政府")签署《合作协议》，公司以蓝电汽车相关存量资产剥离出资设立标的公司(名称暂未 确定，以下简称"标的公司")，沙坪坝区政府组建或引入有限合伙企业(或基金)(以下简称"甲方SPV")与 其他投资人及经营团队以现金对标的公司增资。各方出资后，甲方SPV持股约33.5%，其他投资人持股 约18.5%，公司及公司指定主体持股约32%，标的公司搭建员工持股平台持股约16%。标的公司董事会 由5人组成，公司委派1人。 ...

Major Events - Shenjian Co., Ltd. reported that its revenue from the commercial aerospace application field accounted for less than 1% of total revenue, with aerospace-related revenue at 1.39 billion yuan, representing 7.59% of total revenue for Q3 2025 [1] - Jinfutech is in the planning stage for a share acquisition, with uncertainty regarding the transaction's completion and integration risks due to the differing industries involved [2] - Yongtai Technology plans to acquire a 25% stake in Yongtai High-tech from CATL, with stock trading suspended [3] - Ruili Kemi is planning to acquire a 16% stake in Wuhan Kede Si, with stock trading also suspended [4] - Yunlu Co., Ltd. announced the lifting of detention measures on its chairman, allowing him to resume normal duties [5] - Guolian Minsheng intends to increase its investment in Minsheng Securities by 200 million yuan, with funds sourced from a specific stock issuance [6] - Zhongsheng Pharmaceutical's subsidiary has reported positive results from two Phase III clinical trials for its innovative drug, Anladiwei [7] - Mingguan New Materials has decided to terminate its investment in a solar panel production project due to industry overcapacity and declining profitability [8] - Sichuan Changhong plans to transfer 58.33% of its data company to its controlling shareholder for 33.1245 million yuan, as the data company ceased operations in 2023 [9] Shareholding Changes - Linyang Energy's controlling shareholder plans to increase its stake by 50 million to 100 million yuan within 12 months [10] - Anlu Technology's shareholders plan to collectively reduce their holdings by up to 4% [11] - Zhongfu Shenying's controlling shareholder intends to reduce its stake by up to 3% [12] Major Contracts - Sairisi signed a cooperation agreement with the Shapingba District Government in Chongqing to establish a new company with shared ownership [13] - Singshan Co., Ltd. signed a restructuring investment agreement with investors, potentially changing its controlling shareholder [14] - Tianceng Zikong's subsidiary received a notification to supply passenger car seats, with an expected project lifecycle revenue of 2.3 billion yuan [15]

证券日报网讯 2月8日，赛力斯发布公告称，公司于2月8日与重庆市沙坪坝区人民政府签署《合作协 议》，公司以蓝电汽车相关存量资产剥离出资设立标的公司，沙坪坝区政府组建或引入有限合伙企业 （或基金）与其他投资人及经营团队以现金对标的公司增资。各方出资后，沙坪坝区政府持股约 33.5%，其他投资人持股约18.5%，公司及公司指定主体持股约32%，标的公司搭建员工持股平台持股约 16%。 （编辑 王雪儿） ...

证券代码：601127 证券简称：赛力斯 公告编号：2026-005 赛力斯集团股份有限公司 关于签署合作协议的公告 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： 本次签署的合作协议为意向性协议，双方将根据项目进展情况另行签署 具体协议。 本协议的签订对公司经营业绩的影响尚存在不确定性。公司将根据后续 进展履行相应的审批程序和信息披露义务。敬请广大投资者理性决策，注意投资 风险。 赛力斯集团股份有限公司（以下简称"公司"）于 2026 年 2 月 8 日与重庆 市沙坪坝区人民政府（以下简称"沙坪坝区政府"）签署《合作协议》，具体情 况如下： 一、协议签订的基本情况 （一）交易对方的基本情况 名称：重庆市沙坪坝区人民政府 性质：地方人民政府 地址：重庆市沙坪坝区凤天大道 8 号 重庆市沙坪坝区人民政府与公司不存在关联关系。 （二）协议签署的时间、地点、方式 二、协议的主要内容 甲方：重庆市沙坪坝区人民政府 乙方：赛力斯集团股份有限公司 公司以蓝电汽车相关存量资产剥离出资设立标的公司（名称暂未确定，以下 简称"标 ...

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - The report highlights the official release of the world's first mandatory safety standard for automotive door handles, which will take effect from January 1, 2027. This standard emphasizes safety in design and functionality, requiring independent mechanical release features for each side door and specific structural strength requirements [21][22] - The Ministry of Industry and Information Technology (MIIT) is accelerating the development of key standards related to driving automation and collision safety, aiming to enhance the safety and quality of the automotive industry [21] - The A-share automotive sector outperformed the broader market, with a weekly increase of 0.32%, while the CSI 300 index fell by 1.33% [3][12] Market Performance - The automotive sector's performance ranked 12th among A-share industries, with notable gains in the passenger vehicle segment led by companies like Seres and Haima [3][4] - The commercial vehicle segment saw significant increases, particularly for Jinlong Automobile and Foton Motor, while the automotive parts sector also experienced growth, with leading companies including Xingmin Zhitong and Yinlun [6][19][20] Key Industry News - Strategic partnerships and technological advancements are highlighted, such as the collaboration between Pony.ai and Moore Threads for L4 autonomous driving technology [21] - Changan Automobile's introduction of sodium-ion batteries in collaboration with CATL, aiming for multiple passenger vehicle launches this year [21] - The launch of a vehicle replacement subsidy program in Shanghai, offering an 8% subsidy for purchasing new energy vehicles [21] Upstream Data Tracking - The report includes tracking of key material prices relevant to the automotive industry, such as steel, aluminum, and lithium carbonate, which are critical for production costs [24][25]