2、公司执行《企业会计准则—基本准则》和 38 项具体会计准则、以及应用指南、 解释以 及其他相关规定；以公历年度作为会计年度，以权责发生制为记账基础，以历史成本为一般 计量属性，以人民币为记账本位币。境外子公司以其注册地流通的法定货币为记账本位币， 编制财务报表时折算为人民币。 二、2024 年度公司财务报表的审计情况 公司 2024 年度财务报表已经立信会计师事务所审计，并以信会师报字[2025]第 ZF10448 号文出具了标准无保留意见的审计报告。 宁波拓普集团股份有限公司 2024 年度财务决算报告 宁波拓普集团股份有限公司（以下简称"公司"）2024 年度财务决算报告如下： 一、财务报告的范围和执行的会计制度 1、财务报告合并范围以控制为基础予以确定，本年度财务报告合并范围包括母公司宁 波拓普集团股份有限公司及 60 家子（孙）公司。 与上期相比本期新增 3 家子（孙）公司：2024 年 1 月，公司与合营企业宁波博格思拓普 汽车部件有限公司的外方股东 Johann Borgers GmbH 签署了《股权转让协议》，取得了宁波 博格思 50%股权，成为全资子公司。宁波博格思实际于 2024 年 2 ...

Core Insights - Top Group (601689.SH) reported a revenue of 26.6 billion yuan for 2024, reflecting a year-on-year growth of 35.02% [1] - The company achieved a net profit of 3.001 billion yuan, representing a year-on-year increase of 39.52% [1] - A cash dividend of 5.19 yuan per 10 shares (including tax) is proposed for all shareholders [1] Business Development - The company is actively expanding its product offerings in the robotics sector, including components such as robotic body structure parts, sensors, foot shock absorbers, and electronic flexible skin [1] - This strategic move aims to further establish a platform-based product layout within the robotics business [1]

| 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 002085 | 万丰奥 威 | 9.99 | 4.62 | 35217.70 | 22.59 | | 601689 | 拓普集 团 | 5.78 | 2.86 | 12657.80 | 4.97 | | 605208 | 永茂泰 | 10.00 | 11.23 | 9174.19 | 22.59 | | 300328 | 宜安科 | 5.33 | 10.66 | 7964.98 | 10.70 | | | 技 | | | | | | 300083 | 创世纪 | 5.06 | 10.10 | 7762.49 | 6.10 | | 600733 | 北汽蓝 | 0.91 | 2.10 | 4439.36 | 5.50 | | | 谷 | | | | | | 002101 | 广东鸿 | 7.43 | 4.24 | 3601.40 | 10.43 | | | 图 | | | ...

核心观点 市场表现： 本周（4.14-4.18）我们构建的国信人形机器人指数下跌0.07%，弱于沪深300指数0.65pct，弱于上证综合指数1.26pct，年初至今上涨6.5%。拓普集团下跌5.23%，三 花智控下跌3.87%，中鼎股份下跌1.04%，银轮股份下跌4.97%，北特科技上涨2.82%，双林股份上涨1.38%，贝斯特上涨0.5%，浙江荣泰上涨2.72%，祥鑫科技下跌4.18%，双环 传动下跌4.25%，斯菱股份下跌5.13%，豪能股份下跌0.99%，精锻科技下跌1.65%，蓝黛科技上涨2.8%，凌云股份下跌2.98%，旭升集团下跌0.17%，肇民科技上涨4.29%，爱柯 迪下跌2.97%。均胜电子下跌2.86%。征和工业下跌5.1%，美力科技下跌7.69%。 行业动态 ： 1）特斯拉发布新一代人形机器人概念图Mr.Roboto；2）北京亦庄半程马拉松暨人形机器人半程马拉松举行；3）众擎机器人正式量产上市；4）视触觉传感器厂商 戴盟机器人发布产品；5）小鹏宣布其人形机器人将于2026年实现量产；6）腾讯增持智元机器人；7）乐聚夸父人形机器人进一汽红旗打工；政府新闻：1）工信部：将全力推 进人工智能 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for the sector [10][43]. Core Insights - The automotive industry is experiencing a shift towards electrification and intelligent driving, with significant advancements in technology and product offerings from both joint ventures and domestic brands [8][9]. - The first humanoid robot marathon showcased advancements in humanoid robot technology, highlighting investment opportunities in core components such as actuators and control algorithms [6][10]. - The upcoming Shanghai International Auto Show is expected to feature new models and innovations, particularly in smart vehicle technology, which is becoming a key differentiator among manufacturers [8][9]. Summary by Sections Industry Performance - The automotive sector has shown a mixed performance, with a 1-month decline of 13.8% compared to a 5.1% decline in the Shanghai Composite Index [3][18]. - Over the past 12 months, the automotive sector has outperformed the market with a 17.3% increase, while the Shanghai Composite Index only increased by 6.5% [3][19]. Investment Opportunities - Investment suggestions include focusing on companies involved in algorithms, control systems, motors, and cooling technologies, such as 德昌电机控股, 索辰科技, and 信捷电气 [6]. - Additionally, companies producing joint modules and linear actuators, such as 双林股份 and 嵘泰股份, are recommended for investment due to their critical role in humanoid robotics [6][10]. Upcoming Events - The Shanghai International Auto Show will take place from April 23 to May 2, 2025, with a focus on electric and intelligent vehicle technologies [8]. - Major automotive brands are expected to unveil new models and showcase advancements in smart driving capabilities, with a particular emphasis on local market adaptations [9]. Company Announcements - 双林股份 reported significant revenue growth of 18.64% year-on-year, with a net profit increase of 514.49% [46]. - The company has developed new products for humanoid robots, including planetary roller screws and joint modules, which are expected to enter the market soon [47][49]. Market Trends - The report notes a steady increase in retail and wholesale volumes in the automotive market, driven by government policies promoting consumption [37][38]. - The report highlights the importance of both domestic and international demand in driving the automotive market's growth, particularly in the context of evolving consumer preferences and technological advancements [38].

Investment Rating - The report maintains a "Buy" rating for the automotive industry [2][11]. Core Insights - The automotive industry is experiencing a shift towards electrification and intelligent driving, with significant advancements in new models and technologies being showcased at the upcoming Shanghai Auto Show [9][10]. - The successful completion of the first humanoid robot marathon indicates substantial progress in humanoid robot technology, presenting investment opportunities in core components and algorithms [6][7]. Market Performance - The automotive sector has underperformed, with a 1-month decline of 13.8% compared to a 5.1% decline in the CSI 300 index [3][19]. - The automotive industry PE (TTM) is at 28.3, which is in the 15.7% percentile over the past four years, while the PB is at 2.6, in the 76.3% percentile [29]. Investment Recommendations - Focus on companies with strong partnerships in intelligent driving and electrification, such as Seres, Jianghuai Automobile, and others [11][43]. - Investment opportunities in the humanoid robot sector include companies like Dual Lin Co., Best, and others involved in core components and algorithms [12][43]. Upcoming Events - The Shanghai International Auto Show is set to take place from April 23 to May 2, 2025, highlighting new models and technological advancements from various manufacturers [9][10]. Company Announcements - Dual Lin Co. reported significant revenue growth and profit increases, indicating strong performance in the automotive components sector [47]. - The report highlights the development of new products in humanoid robotics, including linear actuator modules and screw products, which are expected to drive future revenue [48][50].

► 行业新技术：高阶智驾加速普及 高压快充重构体验 智能驾驶：高算力芯片与激光雷达大规模上车。吉利 领克 900 成为全球首款搭载 Thor 芯片的量产车型，双Orin-X芯片成主流配置；零跑B10等车型以激光雷达下探至 10万元级市场，推动智驾平权。 智能座舱：高通骁龙 8295P芯片规模化普及，覆盖15万元以上车型 （如小鹏 G7、零跑B10、比亚迪汉L/唐L、方程豹钛3、吉利银河星 耀8、极氪007 GT）； 电动化： 800V高压快充成标配，续航与补能效率突破。 比亚迪全域 1 , 000V平台、华为尊界S800支持6C超充，续航普遍突破700km。 高端化 ：本次车展华为、小米新车集中发力高端市场，华为尊界定位百万级豪华轿车，通过华为品牌力 +智能驾驶、座舱黑科技赋能品牌；小米SU7 Ultra定位巅峰性能科技轿 车，主打性能、操控、科技，通过技术赋能高端。 ► 新势力新趋势：科技巨头重塑格局 智驾体验定义竞争力 华为： 尊界 S800、问界M8、享界S9增程三箭齐发，以鸿蒙智驾+高压平台技术冲击豪华市场，定位覆盖30万元至百万元级。 小米： S U7 ultra亮相车展， 具备 最大 马力 154 ...

Core Viewpoint - The 2025 Shanghai International Automobile Industry Exhibition will be held from April 23 to May 2, 2025, with the theme "Embrace Innovation, Win the Future," showcasing over 1,000 global enterprises and more than 100 new car launches, highlighting the industry's transformation and technological advancements [1][10]. Industry New Technologies - Advanced intelligent driving technologies are accelerating, with high-performance chips and LiDAR becoming mainstream. Geely's Lynk & Co 900 is the first mass-produced model equipped with the Thor chip, while models like Leapmotor B10 are introducing LiDAR technology to the 100,000 yuan market [2][21]. - The adoption of 800V high-voltage fast charging is becoming standard, with companies like BYD and Huawei leading the way, achieving ranges exceeding 700 km and charging efficiencies [2][27]. - The high-end market is seeing significant entries from tech giants like Huawei and Xiaomi, with models like Huawei's Aito S800 and Xiaomi's SU7 Ultra targeting luxury segments [2][3]. New Forces and Trends - Tech giants are reshaping the competitive landscape, with Huawei launching multiple models aimed at the luxury market, while new players like Xiaopeng, Li Auto, and Leapmotor are focusing on intelligent upgrades to penetrate mainstream markets [3][8]. - New energy vehicle brands are showcasing their strengths, with models like Xiaopeng G7 and Li Auto i8 emphasizing advanced intelligent driving capabilities [3][19]. Domestic Brand Trends - Domestic brands are leveraging technology to move upmarket, with BYD's Han L and Tang L featuring advanced intelligent driving systems and extended-range capabilities [4][19]. - Geely is expanding its market presence with models like the Galaxy Star 8 and Lynk & Co 900, focusing on hybrid and intelligent technologies [4][19]. - Companies like Changan, Great Wall, and SAIC are diversifying their product offerings, emphasizing high-end and technologically advanced vehicles [4][19]. Investment Recommendations - The report recommends investing in quality domestic brands that are accelerating in intelligence and globalization, specifically BYD, Geely, Xiaopeng, and Li Auto, while also suggesting to monitor Xiaomi Group [5]. - In the parts sector, it highlights new force supply chains and recommends companies like H Chain, T Chain, and intelligent driving component manufacturers [5].

Group 1 - The world's first humanoid robot half marathon concluded in Beijing, with the TianGong Ultra robot winning the race in approximately 2 hours and 40 minutes [1] - TianGong Ultra, developed by the Beijing Humanoid Robot Innovation Center, stands 1.8 meters tall and features high-precision sensors and reinforcement learning algorithms, achieving a stable performance with an average speed of 10 km/h and a maximum speed of 12 km/h [1] - The robot maintained a battery change frequency of every 5 kilometers during the first 10 kilometers of the race, showcasing its lightweight design and bipedal motion control technology [1] Group 2 - The event serves as a technology showcase and a barometer for the capital market, with the Huaxia Fund's robot ETF (562500) exceeding 11.6 billion yuan, leading the industry and heavily investing in key players like Top Group and Mingzhi Electric [2] - The rise of humanoid robots from laboratory settings to complex applications is accelerating, with TianGong's performance highlighting the emergence of the domestic robot industry chain [2] - The Huaxia Robot ETF provides investors with a streamlined opportunity to engage in the trillion-yuan robot industry, leveraging its scale and liquidity to empower future investments [2]

从上证汽车指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证汽车指数持仓样本的行业来看，汽车零部件与轮胎占比54.88%、乘用车占比36.26%、交通运输 设备占比8.12%、汽车经销商与汽车服务占比0.73%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 金融界4月17日消息，A股三大指数收盘涨跌不一，上证汽车指数 (上证汽车，950070)报5820.25点。 数据统计显示，上证汽车指数近一个月下跌8.42%，近三个月下跌5.54%，年至今下跌6.70%。 据了解，上证汽车指数选取在上海证券交易所上市的具有代表性的汽车行业上市公司证券作为指数样 本，为投资者提供更多样化的投资标的。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，上证汽车指数十大权重分别 ...