责任编辑：王翔 雷军11月21日在微博发文称，中国汽研安全辅助功能四大场景测试，小米AES紧急转向辅助功能，全部 测试成功，包括摩托车逆行变道切入、消失的前车+多车连撞事故现场、前后车夹击+有遮挡儿童横 穿、摩托车强行变道+前方遇事故车。 ...

Group 1 - The core point of the news is that China Automotive Engineering Research Institute Co., Ltd. (China Automotive Research) experienced a slight decline in stock price and has significant financing and margin trading activities, indicating high investor interest and potential volatility in the stock [1][2][3] Group 2 - As of November 20, China Automotive Research's stock price fell by 0.53%, with a trading volume of 28.75 million yuan [1] - The financing data shows that on the same day, the company had a financing buy amount of 2.29 million yuan and a net financing buy of 254,700 yuan, with a total financing balance of 184 million yuan, which is 1.07% of the circulating market value [1] - The margin trading data indicates that 600 shares were repaid, while 12,700 shares were sold short, with a short selling amount of 214,000 yuan, and a short balance of 3.25 million yuan, also indicating high levels [1] Group 3 - China Automotive Research, established on January 11, 2001, and listed on June 11, 2012, primarily engages in automotive technology services and equipment manufacturing, with 89.80% of its revenue from automotive technology services [2] - For the period from January to September 2025, the company reported a revenue of 3.02 billion yuan, a year-on-year decrease of 0.76%, and a net profit attributable to shareholders of 666 million yuan, a decrease of 0.56% [2] Group 4 - The company has distributed a total of 2.75 billion yuan in dividends since its A-share listing, with 973 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include several funds, with notable increases in holdings by institutions such as China Europe Pension Mixed A and others [3]

Core Insights - The automotive service sector experienced a slight decline of 0.12% on November 20, with Shenhua Holdings leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Automotive Service Sector Performance - Xiamen Xinda (000701) saw a closing price of 6.60, up 1.69% with a trading volume of 399,900 shares and a transaction value of 262 million yuan [1] - Altec (300825) closed at 10.46, up 0.97%, with a trading volume of 67,800 shares and a transaction value of 70.97 million yuan [1] - Shanghai Wumao (600822) closed at 11.17, up 0.18%, with a trading volume of 81,100 shares and a transaction value of 91.71 million yuan [1] - Other notable performances include China Automotive Research (601965) closing at 16.85, down 0.53% [1] Capital Flow Analysis - The automotive service sector saw a net inflow of 14.75 million yuan from institutional investors, while retail investors experienced a net outflow of 165.10 million yuan [2] - The main capital inflow was observed in Shanghai Wumao (600822) with a net inflow of 14.31 million yuan, accounting for 15.60% of the total [3] - Xiamen Xinda (000701) also attracted significant institutional investment with a net inflow of 13.88 million yuan, representing 5.31% of the total [3]

Group 1 - The core viewpoint of the news is that China Automotive Engineering Research Institute Co., Ltd. has applied for a patent for a method and device for batch testing the imaging quality of various types of onboard cameras, aimed at improving testing efficiency [1][2]. Group 2 - The patent application, published as CN120980207A, was filed on September 2025 and addresses the technical field of testing devices for onboard equipment [1]. - The company was established in 2001 and is located in Chongqing, with a registered capital of 1,004.18 million RMB [2]. - The company has made investments in 38 enterprises and has participated in 5,000 bidding projects, holding 378 trademark records and 1,987 patent records [2].

国家知识产权局信息显示，中国汽车工程研究院股份有限公司申请一项名为"一种适用于长焦广角的车 载摄像头振动测试评价方法及装置"的专利，公开号CN120980208A，申请日期为2025年09月。 天眼查资料显示，中国汽车工程研究院股份有限公司，成立于2001年，位于重庆市，是一家以从事专业 技术服务业为主的企业。企业注册资本100418.0587万人民币。通过天眼查大数据分析，中国汽车工程 研究院股份有限公司共对外投资了38家企业，参与招投标项目5000次，财产线索方面有商标信息378 条，专利信息1987条，此外企业还拥有行政许可100个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 专利摘要显示，本发明涉及车载设备测试装置技术领域，公开了一种适用于长焦广角的车载摄像头振动 测试评价方法及装置，将多个待测摄像头安装于暗室内的六自由度振动台，前方设可调位置的测试图卡 及光源系统；采用驱动模块点亮摄像头，实现远程可控拍摄；配置测试环境，调整图卡位置、光照等参 数；驱动摄像头在多工况下拍摄图卡，输出原图序列，驱动模组完成遍历测试；驱动模块将拍摄结果返 回图像分析模块， ...

Market Overview - The automotive service sector experienced a decline of 0.15% on November 17, with Jiaoyun Co. leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Xiamen Xinda (000701) saw a significant increase of 5.74%, closing at 7.18 with a trading volume of 910,300 shares and a turnover of 643 million yuan [1] - Other notable performers included Beiba Media (600386) with a 1.20% increase and Haowu Co. (000757) with a 0.91% increase [1] - Conversely, Jiaoyun Co. (600676) led the decline with a drop of 3.40%, closing at 6.25 [2] Capital Flow Analysis - The automotive service sector had a net inflow of 5.51 million yuan from institutional investors, while retail investors saw a net outflow of 14.73 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types, with institutional and speculative funds showing net inflows, while retail investors withdrew funds [2][3] Individual Stock Capital Flow - Xiamen Xinda (000701) had a net inflow of 46.35 million yuan from institutional investors, but a net outflow of 49.98 million yuan from retail investors [3] - Jiaoyun Co. (600676) experienced a net outflow of 158,800 yuan from institutional investors, while speculative funds had a net inflow of 5.34 million yuan [3] - The capital flow data suggests varying levels of confidence in different stocks within the automotive service sector [3]

Group 1 - The report highlights that Electric Power Investment Energy plans to acquire 100% equity of Baiyin Hwa Coal Power for 11.149 billion yuan, which will enhance the company's coal, electricity, and aluminum advantages [4][5][6] - Baiyin Hwa Coal Power has significant assets, including an annual lignite production capacity of 15 million tons, 192 MW of installed power generation capacity, and an aluminum production capacity of 40,530 tons per year [6][7] - The acquisition is expected to increase the company's profit by over 30%, with Baiyin Hwa Coal Power contributing approximately 20 billion yuan to net profit in 2025 [7][8] Group 2 - The report indicates that the top-level design continues to support the development of energy storage, with rising prices for hexafluorophosphate [9][10] - The photovoltaic sector is experiencing significant fluctuations, but there is confidence in supply-side reforms, which are expected to improve industry conditions [9][10] - Wind power projects are anticipated to accelerate due to favorable pricing policies, with a projected annual demand of around 140 GW for wind turbines during the 14th Five-Year Plan [11][12] Group 3 - JD Group's Q3 2025 revenue reached 299.1 billion yuan, a year-on-year increase of 15%, with a notable growth in retail and logistics segments [19][20][21] - The retail segment's revenue grew by 11% to 250.6 billion yuan, driven by high growth in daily necessities and advertising services [21][22] - New business segments, including food delivery, are showing potential for user conversion and revenue growth, despite initial losses [22][23] Group 4 - JD Health reported a Q3 2025 revenue of 17.1 billion yuan, a year-on-year increase of 28.7%, with adjusted net profit growing by 42% [38][40] - The company is expanding its online healthcare services, enhancing user conversion through online medical insurance payment integration [40][41] - Strategic partnerships with major pharmaceutical companies are expected to strengthen JD Health's market position and product offerings [41] Group 5 - Alibaba has initiated the "Qianwen" project to develop a personal AI assistant app, marking a shift towards consumer-oriented AI applications [42][43] - The project aims to compete directly with ChatGPT, leveraging Alibaba's existing AI infrastructure and models [43][46] - The Qwen model's advancements are expected to enhance the app's capabilities, making it a strong contender in the AI market [46][47]

Core Viewpoint - The approval and implementation of the "Automotive Data Export Security Assessment Method" standard (T/CIQA131—2025) marks a significant step in providing clear guidelines for automotive companies regarding data security when exporting vehicles and related data [1] Group 1: Standard Development - The standard was drafted by the China Entry-Exit Inspection and Quarantine Association's Comprehensive Quality Service Standardization Technical Committee (CIQA/TC12) [1] - The drafting process involved collaboration with 25 leading industry enterprises, including companies like Seres Group, BYD Auto, and China First Automobile [1] - This standard addresses the lack of specific operational standards for data export security assessments in the automotive industry [1] Group 2: Industry Impact - The implementation of this standard is expected to provide clear guidance for companies looking to comply with regulations when entering international markets [1] - It aims to enhance the overall security and compliance framework for automotive data exports, which is crucial for companies operating globally [1]

(一)股东大会召开的时间：2025 年 11 月 14 日 (二)股东大会召开的地点：重庆市北部新区金渝大道 9 号中国汽研 405 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 209 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 631,784,187 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 62.9860 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 证券代码：601965 证券简称：中国汽研 公告编号：临 2025-054 中国汽车工程研究院股份有限公司 2025年第三次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 本次股东大会由公司董事会召集，董事长周玉林先生主持。会议采用现场投 票和网络投票相结合的表决方式。会议的召集和召开 ...

北京市嘉源律师事务所 关于中国汽车工程研究院股份有限公司 2025年第三次临时股东大会的 法律意见书 西城区复兴门内大街158号远洋大厦4楼 中国 · 北京 源律师事务所 YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中国汽车工程研究院股份有限公司 北京市嘉源律师事务所 关于中国汽车工程研究院股份有限公司 2025年第三次临时股东大会的法律意见书 嘉源(2025)-04-825 北京市嘉源律师事务所(以下简称"本所")接受中国汽车工程研究院股份有 限公司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称 "《公司法》")《上市公司股东会规则》(以下简称"《股东会规则》")等现行 有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《中 国汽车工程研究院股份有限公司章程》(以下简称"《公司章程》")的有关规定, 指派本所律师对公司2025年第三次临时股东大会(以下简称"本次股东大会")进 行见证,并依法出具本法律意见书。 为出具本法律意见书,本所指 ...