（记者 胡玲） 每经AI快讯，西南证券9月7日发布千里科技（601777.SH，最新价：11.38元）研报：1）终端业务：汽 车+摩托车双轮驱动，筑牢业绩基本盘；2）科技业务："AI+车"破局，场景闭环有望逐步实现商业化。 风险提示：宏观经济不及预期的风险；智能化渗透率不及预期的风险；技术迭代不及市场的风险；智能 驾驶和Robotaxi拓展不及预期的风险。 每经头条（nbdtoutiao）——疯狂囤黄金！全球央行黄金储备反超美债，系29年来首次！美元"霸权"落 幕？巨头：美国国债或迎"最糟糕十年" 每日经济新闻 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 ...

估值与投资建议。我们选取五家公司作为可比公司分别位于摩托车、乘用车以及智能驾驶等科技业务行 业，三家摩托车、乘用车可比公司估值25 年PS 平均值为1.3X；考虑到公司正加速向"AI+车"科技平台 转型，科技业务是未来核心增长点，参考两家智能驾驶可比公司PS 为23.04X。公司深度绑定吉利汽车 生态，在智能驾驶、智能座舱领域的技术布局与产品落地有望加速，并通过曹操出行探索Robotaxi 商业 化，长期增长空间广阔。随着公司科技业务逐步兑现，其估值体系有望重塑，建议关注。 风险提示：宏观经济不及预期的风险；智能化渗透率不及预期的风险；技术迭代不及市场的风险；智能 驾驶和Robotaxi 拓展不及预期的风险。 终端业务：汽车+摩托车双轮驱动，筑牢业绩基本盘。作为公司发展的基石，终端业务凭借汽车与摩托 车板块的协同增长，成为业绩稳定贡献的核心支撑。1）汽车板块聚焦"充换电一体化"核心能力建设， 一方面深度绑定曹操出行等B端营运市场，保障基础销量；另一方面加速国际市场布局，欧洲（意大 利、西班牙）市场超额完成目标，印尼市场实现睿蓝8 项目落地，逐步打开海外增长空间。2）摩托车 板块以国际化拓展为战略重心，出口业务 ...

从资金流向上来看，当日摩托车及其他板块主力资金净流入1.24亿元，游资资金净流出1767.56万元，散 户资金净流出1.06亿元。摩托车及其他板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603529 爱玛科技 | | 5695.07万 | 12.23% | -2978.34万 | -6.40% | -2716.73万 | -5.83% | | 603766 降鑫通用 | | 2780.86万 | 5.68% | -1007.24万 | -2.06% | -1773.62万 | -3.63% | | 601777 千里科技 | | 2640.57万 | 4.89% | -2587.26万 | -4.79% | -53.31万 | -0.10% | | 689009 九号公司 | | 2077.61万 | 1.88% | 1852.85万 | 1.68% | -3930.45万 | -3. ...

Market Overview - On September 4, the motorcycle and other sectors fell by 1.57%, with Qianli Technology leading the decline [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Notable gainers in the motorcycle sector included Huayang Racing, which rose by 5.30% to a closing price of 37.33, and Xinlong Health, which increased by 2.44% to 7.13 [1] - Conversely, Qianjiang Motorcycle saw a slight decline of 0.06%, closing at 16.88 [2] Capital Flow - The motorcycle and other sectors experienced a net outflow of 255 million yuan from main funds, while retail investors saw a net inflow of 218 million yuan [2] - The data indicates that speculative funds had a net inflow of 37.15 million yuan [2] Individual Stock Capital Flow - Longxin General experienced a main fund net outflow of 21.21 million yuan, while Zhenghe Industrial had a net inflow of 9.86 million yuan [3] - Qianjiang Motorcycle had a net outflow of 561,600 yuan from main funds, but retail investors contributed a net inflow of 137,030 yuan [3]

Group 1 - Shengtun Mining plans to repurchase shares worth between 500 million and 600 million yuan, with a maximum repurchase price of 11.82 yuan per share, aimed at employee stock ownership plans or equity incentives [1] - Kangnbei received a drug registration certificate for Linggui Shugan Granules, which is derived from traditional Chinese medicine and is used for treating phlegm and dampness due to Yang deficiency [2] - Zhangjiang Hi-Tech intends to publicly transfer 100% equity and related debts of Shanghai Jixin Rui Construction Technology Co., Ltd. with a total price not less than 151 million yuan [3] Group 2 - Shankai Intelligent won a bid for a metering device procurement project worth 13.318 million yuan from Hohhot Water Supply Company [4] - Hason Co. plans to jointly establish a supply chain company with a registered capital of 10 million yuan, in which Hason will hold a 10% stake [5] - Pudong Construction's subsidiaries won multiple major projects with a total amount of 1.271 billion yuan [6] Group 3 - Jinling Pharmaceutical received approval for the Phase III clinical trial of Olaratogrel tablets, which are used for treating moderate to severe pain associated with endometriosis [8] - Menohua's subsidiary obtained a drug registration certificate for Mosapride Citrate Tablets, aimed at improving gastrointestinal symptoms [10] - Shapuaisi's major shareholder plans to reduce holdings by up to 2% of the company's shares due to personal financial needs [11] Group 4 - Changyuan Power reported an August electricity generation of 3.771 billion kWh, a year-on-year decrease of 6.03% [15][16] - Xibu Livestock's August fresh milk production increased by 4.8% month-on-month but decreased by 7.27% year-on-year [19] - Yong'an Pharmaceutical's actual controller and chairman had their detention lifted, allowing them to resume normal duties [20] Group 5 - Jinkai Intelligent's director resigned due to work adjustments [22] - Xinhua Medical received a Class II medical device registration for an endoscope cleaning workstation [23] - Haishi Science and Technology's innovative drug HSK47388 received approval for a new indication clinical trial [25] Group 6 - Baotai Co. plans to participate in a land use rights auction in Baoji City with a starting price of 57.34 million yuan [26] - Minfeng Special Paper received a government subsidy totaling 11.2 million yuan [27] - Jiuchang Bio obtained a medical device registration for a heparin-binding protein assay kit [29] Group 7 - Jingao Technology plans to repurchase shares worth between 200 million and 400 million yuan, with a maximum price of 17.36 yuan per share [31] - Youxunda won a bid for a metering equipment project from China Southern Power Grid worth approximately 161 million yuan [32] - Qianli Technology reported an August vehicle sales increase of 168.55% year-on-year [32] Group 8 - Guangzhou Port expects an August container throughput increase of 1.2% year-on-year [32] - Kexing Pharmaceutical's GB08 injection completed the first subject enrollment for Phase II clinical trials [33] - Wu Ming Pharmaceutical plans to transfer 98.9% of its subsidiary's shares to a newly established wholly-owned subsidiary [34] Group 9 - Shanghai Electric's acquisition of K-Electric Limited shares has not yet completed the transfer [35] - Fulai New Materials plans to raise no more than 710 million yuan through a private placement [36] - Huaren Health's drug registration application for a new type of potassium ion competitive acid blocker has been accepted [37]

Market Overview - On September 3, the motorcycle and other sectors fell by 0.9%, with Jiuyi Co. leading the decline [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable stock performances included: - Zhenghe Industrial: Closed at 46.80, up 1.83% with a trading volume of 31,600 shares and a turnover of 148 million yuan [1] - Taotao Vehicle: Closed at 187.20, up 1.07% with a trading volume of 15,800 shares [1] - Qianjiang Motorcycle: Closed at 16.89, up 0.84% with a trading volume of 154,700 shares and a turnover of 264 million yuan [1] - Jiuyi Co.: Closed at 69.83, up 0.47% with a trading volume of 185,800 shares and a turnover of 1.311 billion yuan [1] - Chuncheng Power: Closed at 262.50, down 0.89% with a trading volume of 11,000 shares [1] - Jiuyi Co. (Jiuyi Co. in another context): Closed at 18.92, down 6.57% with a trading volume of 121,700 shares and a turnover of 237 million yuan [2] Capital Flow - The motorcycle and other sectors saw a net inflow of 95.96 million yuan from main funds, while retail funds experienced a net outflow of 56.75 million yuan [2] - The capital flow for specific stocks included: - Jiuyi Co.: Main funds net inflow of 98.78 million yuan, retail funds net outflow of 51.21 million yuan [3] - Qianjiang Motorcycle: Main funds net inflow of 17.53 million yuan, retail funds net outflow of 32.57 million yuan [3] - Zhenghe Industrial: Main funds net inflow of 12.27 million yuan, retail funds net outflow of 10.68 million yuan [3]

注：1.新能源汽车销量包含由浙江吉利汽车有限公司及浙江豪情汽车制造有限公司生产、本公司对外销 售的车型。 证券代码：601777 证券简称：千里科技 公告编号：2025-065 重庆千里科技股份有限公司 2025年8月产销快报公告 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。 重庆千里科技股份有限公司2025年8月产销数据如下： ■ 2.本表为产销快报数据，最终数据以2025年审计数据为准。 特此公告。 重庆千里科技股份有限公司董事会 2025年9月3日 ...

证券代码：601777 证券简称：千里科技 公告编号：2025-065 重庆千里科技股份有限公司 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、准确性和完整性承担法律责任。 重庆千里科技股份有限公司2025年8月产销数据如下： | | | | 生产（辆） | | | | 销售（辆） | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 产品名称 | | 本月 | 本月 | | 本年 | 本年累计 | 本月 | 本月 | | 本 | | 年 | | 本年累计 | | | | | | | | | | | 数量 | | 同比增减 | 累计 | | 同比增减 | 数量 | 同比增减 | | 累 | | 计 | | 同比增减 | | | | | | | | | | 新能源 | | | | | | | | | | | | 汽车 汽车 | | | | | | | | | | | | 整车 其他 | | | | | | | | | | | | 车型 | | | | | ...

其中，新能源汽车8月产量为1144辆，同比增长113.83%，今年累计产量为9002辆，同比增长133.58%；8月销量为1536辆，同比下降15.93%， 今年累计销量为22064辆，同比增长61.27%。 此外，8月，其他车型的产量为8875辆，同比增长261.21%，今年类型产量为36595辆，同比增长127.57%；其他车型的销量为9531辆，同比增 长315.48%，今年累计销量为37953辆，同比增长103.82%。 （校对/黄仁贵） 9月2日，千里科技发布8月产销快报公告称，公司8月生产汽车整车10019辆，同比增长234.86%，今年累计产量为45597辆，同比增长 128.73%；8月销售汽车整车11067辆，同比增长168.55%，今年累计销量为60017辆，同比增长85.8%。 | 产品名称 | | | 生产(辆) | | | | 销售(辆) | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 本月 | 本月 | 本年 本年累计 | | 本月 | 本月 | 本年 | 本年累计 | | | | ...

格隆汇9月2日｜千里科技公告，本月即2025年8月汽车整车生产10019辆，同比增长234.86%；销售 11067辆，同比增长168.55%。其中新能源汽车生产1144辆，同比增长113.83%；销售1536辆，同比下降 15.93%。其他车型生产8875辆，同比增长261.21%；销售9531辆，同比增长315.48%。本年累计整车生 产45597辆，同比增长128.73%；销售60017辆，同比增长85.80%。 ...