（文章来源：每日经济新闻） 每经AI快讯，12月30日，浙江荣泰(603119.SH)公告称，公司为深化国际化战略布局，完善海外产能布 局，提升公司品牌国际影响力，积极借助国际资本市场拓宽多元化融资渠道，助力公司高质量发展，拟 发行境外上市股份（H股）股票并申请在香港联合交易所有限公司主板上市。本次发行并上市尚需提交 公司股东会审议，并需取得相关政府机构、监管机构、证券交易所的备案、批准或核准。 ...

Group 1 - A total of 88 stocks in the A-share market experienced block trading today, with a total transaction value of 2.359 billion yuan [1] - The top three stocks by transaction value were Giant Network at 302 million yuan, Muyuan Foods at 187 million yuan, and New Asia Electronics at 130 million yuan [1] - Among the stocks, 4 were traded at par, 4 at a premium, and 80 at a discount; the highest premium rates were for Shenghua Biotech at 8.2%, Vanke A at 2.6%, and Jinko Power at 1.07% [1] Group 2 - The top buying amounts from institutional special seats were led by Giant Network at 302 million yuan, followed by Changchuan Technology at 105 million yuan and Tuojing Technology at 103 million yuan [2] - The top selling amounts from institutional special seats were led by Jinko Power at 99.4 million yuan and Zhongji Xuchuang at 16.36 million yuan [2]

浙江荣泰：拟发行境外上市股份（H股）股票并申请在香港联合交易所有限公司主板上市。 ...

Market Overview - The automotive parts sector increased by 2.49% on December 30, with Tianming Technology leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] Top Performers - Tianming Technology (code: 920270) closed at 19.76, up by 30.00% with a trading volume of 93,500 shares and a transaction value of 172 million yuan [1] - Hengbo Co., Ltd. (code: 301225) saw a rise of 11.95%, closing at 155.71 with a trading volume of 46,100 shares [1] - Shanzi Gaoke (code: 000981) increased by 10.11%, closing at 4.03 with a significant trading volume of 11,514,400 shares [1] Other Notable Stocks - Wanxiang Qianchao (code: 000559) rose by 10.03%, closing at 15.69 with a transaction value of 3.446 billion yuan [1] - Jintuo Co., Ltd. (code: 603211) and Zhejiang Rongtai (code: 603119) both increased by 10.02% and 10.00% respectively, with closing prices of 23.61 and 117.81 [1] Market Capital Flow - The automotive parts sector experienced a net inflow of 4.325 billion yuan from institutional investors, while retail investors saw a net outflow of 2.855 billion yuan [2] - The sector's main funds showed a significant net inflow, indicating strong institutional interest despite retail outflows [2] Individual Stock Fund Flow - Shanzi Gaoke had a net inflow of 1.538 billion yuan from main funds, while retail investors showed a net outflow of 917 million yuan [3] - Wanxiang Qianchao experienced a net inflow of 554 million yuan from main funds, with retail investors also showing a net outflow of 315 million yuan [3] - Zhejiang Rongtai had a net inflow of 242 million yuan from main funds, while retail investors faced a net outflow of 117 million yuan [3]

Core Viewpoint - The A-share market experienced a rebound in the afternoon of December 30, with the Shanghai Composite Index closing flat, the Shenzhen Component Index rising by 0.49%, and the ChiNext Index increasing by 0.63% [1] Industry Developments - The robotics sector has shown significant growth, with companies like Fenglong Co. achieving five consecutive trading limit increases, and Tianqi Co. and Tianming Technology reaching four consecutive trading limit increases and a 30% limit increase, respectively [1] - A total of 24 stocks, including Unification Co., New Times Da, Nanxing Co., and Zhejiang Rongtai, hit the trading limit [1] - The Ministry of Industry and Information Technology has established a standardization technical committee for humanoid robots and embodied intelligence, which will focus on developing industry standards in key technology areas, components, systems, applications, and safety [1] - The first local regulation promoting the development of the embodied intelligent robotics industry was introduced in Hangzhou on December 29 [1]

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 根据喜娜AI异动分析，浙江荣泰涨停原因可能如下，国际化战略+机器人业务+治理优化： 1、公司近期 积极推进国际化战略布局，在泰国设立生产基地，还与伟创电气合资开发智能机器人市场，拓展海外业 务。2025年12月29日国盛证券发布点评，提及公司拟与伟创电气设立合资公司，推进机器人关键零部件 布局，这些业务拓展举措为公司带来新的增长潜力，刺激股价上涨。 2、公司开展治理结构优化工作， 取消监事会，强化审计委员会职能，修订完善37项管理制度，提升治理水平。同时推出2025年员工持股 计划，覆盖150名核心员工，绑定利益促进长期发展。这些举措增强了投资者对公司的信心，对股价形 成利好。 3、从行业来看，机器人 ...

Company Overview - Zhejiang Rongtai Electric Equipment Co., Ltd. is located in Jiaxing City, Zhejiang Province, and was established on April 22, 1998. The company went public on August 1, 2023. Its main business involves the research, production, and sales of various high-temperature resistant insulating mica products, with 99.92% of its revenue coming from mica products and other products contributing 0.08% [1]. Stock Performance - As of December 30, Zhejiang Rongtai's stock price decreased by 1.23%, trading at 105.78 CNY per share, with a transaction volume of 44.12 million CNY and a turnover rate of 0.20%. The total market capitalization is 38.477 billion CNY [1]. Fund Holdings - According to data, one fund under Guolian An Fund has a significant holding in Zhejiang Rongtai. The Guolian An Climate Change Mixed A Fund (016635) held 74,800 shares in the third quarter, unchanged from the previous period, representing 6.36% of the fund's net value and ranking as the third-largest holding. The estimated floating loss today is approximately 98,700 CNY [2]. Fund Performance - The Guolian An Climate Change Mixed A Fund was established on September 28, 2022, with a current size of 127 million CNY. Year-to-date, it has returned 16.6%, ranking 4860 out of 8087 in its category. Over the past year, it has returned 16.4%, ranking 4715 out of 8085, while since inception, it has incurred a loss of 37.83% [2]. Fund Management - The fund manager of Guolian An Climate Change Mixed A is Pan Ming, who has been in the position for 11 years and 322 days. The total asset size of the fund is 2.108 billion CNY, with the best return during his tenure being 263.51% and the worst return being -39.15% [3].

Core Viewpoint - Zhejiang Rongtai plans to establish a joint venture with Weichuang Electric to advance the layout of key components for robots, leveraging Weichuang's expertise in motor technology and Rongtai's customer advantages [1] Group 1: Joint Venture and Strategic Development - The collaboration aims to develop applications for the mechatronics market in intelligent robotics, enhancing Zhejiang Rongtai's product offerings in the robotics sector [1] - The company has acquired Diz Precision, Guangzhou Jinli, and is focusing on products like lead screws and gearboxes, with ongoing partnerships with several leading robotics companies [1] Group 2: Business Expansion and Growth Potential - The construction of the factory in Thailand is progressing well, with production expected to commence soon [1] - The development and mass production of the company's robotics business are on track, with a clear strategic layout that is anticipated to drive growth [1] Group 3: Financial Projections - The forecast for net profit attributable to the parent company for 2025-2027 is set at 310 million, 420 million, and 580 million yuan, representing year-on-year growth of 34%, 35%, and 39% respectively [1] - Corresponding price-to-earnings ratios are projected to be 122x, 91x, and 65x for the same period, maintaining a "buy" rating [1]

Group 1 - A-shares trading volume has increased, with sectors such as non-ferrous metals, robotics, and AI performing well. Notable stocks include Wuzhou Xinchun and New Spring Co., which saw significant gains [1] - The Ministry of Industry and Information Technology announced the establishment of the "Humanoid Robot and Embodied Intelligence Standardization Technical Committee," marking a shift from unregulated growth to a structured standard-setting phase in the humanoid robot and embodied intelligence industry [1] - Tianfeng Securities highlights humanoid robots as a potential growth area in AI, with increasing global expectations for the industry. The future development of the humanoid robot supply chain is expected to show "global resonance and multiple blooming" as major tech companies invest more in AI technologies [1] Group 2 - The Smart Car ETF (159888) closely tracks the CS Intelligent Vehicle Index, with constituent stocks primarily in electronics, computers, automotive, and communications sectors, showcasing strong technological attributes [2] - The Automotive Parts ETF (562700) tracks the CSI Automotive Parts Theme Index, covering various fields such as automotive systems, interiors, electronics, and tires, benefiting from the trends of electrification and intelligence in the automotive industry [2] Group 3 - Related products include Automotive Parts ETF (562700), Smart Car ETF (159888), and AI ETF (515070) [3]

Investment Rating - The report maintains a "Buy" rating for Zhejiang Rongtai [5] Core Views - Zhejiang Rongtai plans to establish a joint venture with Weichuang Electric in Thailand to develop key components for robotics, aiming to enhance its product layout in the mechatronics market [1] - The company has made significant progress in its robotics strategy, with steady delivery of lead screws and successful collaborations with major robotics firms [1] - The financial outlook remains strong, with projected revenue growth and high profitability levels, particularly in the mica insulation materials sector [2] Financial Summary - Revenue projections for 2023 to 2027 are as follows: - 2023: 800 million - 2024: 1,135 million - 2025: 1,518 million - 2026: 2,059 million - 2027: 2,805 million - Year-over-year growth rates are expected to be 19.9% in 2023, 41.8% in 2024, 33.7% in 2025, 35.7% in 2026, and 36.2% in 2027 [4] - Net profit forecasts for the same period are: - 2023: 172 million - 2024: 230 million - 2025: 308 million - 2026: 415 million - 2027: 576 million - Year-over-year growth rates for net profit are projected at 28.4% in 2023, 34.0% in 2024, 34.0% in 2025, 34.5% in 2026, and 38.9% in 2027 [4][2] - The expected P/E ratios for 2025 to 2027 are 122, 91, and 65, respectively [2][4]