证券代码：603121 证券简称：华培动力 公告编号：2026-008 上海华培数能科技（集团）股份有限公司 关于为全资子公司提供担保的进展公告 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： 担保对象及基本情况 | 被担保人名称 | 本次担保金额 | 实际为其提供的 担保余额（不含本 | | 是否在前期预计 额度内 | 本次担保是否有 反担保 | | --- | --- | --- | --- | --- | --- | | | | 次担保金额） | | | | | 上海华煦国际贸易 | 10,000.00 万元 | 7,894.30 | 万元 | 是 | 否 | | 有限公司 | | | | | | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 115,000 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 93.37 | | 特别风险提示（如有请勾选） | □担保金额（含本次 ...

Investment Rating - The report maintains a "Recommended" rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [6]. Core Insights - The humanoid robot concept index experienced a decline of 1.37% from March 8 to March 13, 2026, underperforming the CSI 300 index by 1.55 percentage points. Year-to-date, the humanoid robot index has increased by 0.31%, also underperforming the CSI 300 index by 0.54 percentage points [9][13]. - Significant advancements in humanoid robot technology were highlighted, particularly the Figure 03 robot, which can autonomously organize a living room, marking a milestone in household service capabilities. The report suggests that 2026 may be a pivotal year for the commercialization of humanoid robots, with household services being a key area for scaling applications [4][16]. Summary by Sections Weekly Market Review - From March 8 to March 13, 2026, the humanoid robot concept index fell by 1.37%, while the CSI 300 index saw a relative decline of 1.55 percentage points. The index has shown a year-to-date increase of 0.31%, lagging behind the CSI 300 by 0.54 percentage points [9][13]. Weekly Highlights Policy Developments - Jiangsu Province's Industrial and Information Technology Department has proposed to foster at least 30 typical application scenarios for brain-computer interfaces and consumer technology by 2030, encouraging integration with intelligent IoT and virtual reality [14]. - The Shanghai Stock Exchange hosted a future industry salon focusing on the industrialization of 6G technology, emphasizing collaboration among academia, industry, and investment sectors [16]. Product and Technology Iteration - Figure showcased its latest robot, Figure 03, which can autonomously complete complex tasks in a household setting, representing a significant technological advancement [16]. - Ecovacs introduced new products at AWE 2026, including a bionic robot and a household service robot, indicating ongoing innovation in the humanoid robotics sector [16]. Investment and Financing - Lingchu Intelligent has completed a total of 2 billion yuan in financing across angel and Pre-A rounds, aimed at scaling applications in logistics [18]. - ZhiJian Power has raised a total of 2 billion yuan through five rounds of financing, with strategic investments from Tencent and Alibaba [18]. Key Company Updates - Changsheng Bearing reported that some of its products are now being utilized in the field of embodied intelligence [19]. - Taili Technology announced that its nanofluid materials can be applied in humanoid robots, providing significant advantages over traditional materials [19]. - Changan Automobile set a target of 1.4 million new energy vehicle sales for 2026 and plans to mass-produce humanoid robots by 2028 [20].

Investment Rating - The report rates the humanoid robotics industry as "Outperform the Market" [2] Core Insights - The humanoid robotics index experienced a decline of 1.37% during the week of March 9 to March 13, 2026, maintaining a volatile pattern. The current PE ratio is at a 23.81% percentile over the past three months [2] - Key companies in the humanoid robotics sector are accelerating their listings in Hong Kong, enhancing their global presence and supply chain influence [2] - The upcoming NVIDIA GTC 2026 conference is expected to be a significant catalyst for advancements in robotics and AI, focusing on industrial-grade embodied intelligence and foundational models [2] Summary by Sections Industry Overview - The humanoid robotics industry is in a transitional phase from engineering to mass production, with technological advancements and event-driven catalysts influencing short-term pricing [2][19] - The report highlights the importance of production rhythm and application scenarios for long-term growth [2] Market Performance - The humanoid robotics index has shown fluctuations, with notable gains from companies like Bozhong Precision (+38.28%) and Shuangyi Technology (+26.27%), while companies like Huapei Power (-23.42%) and Hengfeng Tools (-17.09%) faced significant declines [2][14] - The report emphasizes the need to monitor the production and iteration progress of leading humanoid robotics manufacturers [2] Investment Recommendations - The report recommends investing in companies with core component capabilities that can enhance value through collaboration with complete machine manufacturers, such as reducers, screws, motors, sensors, and control systems [2] - It also suggests focusing on platform-type manufacturers with integrated algorithm and control system capabilities, as their market leadership is expected to become more evident with the advancement of industrialization [2]

Core Viewpoint - The company is facing challenges in overcoming losses and enhancing its second core business, the sensor segment, through mergers and acquisitions [1][10]. Group 1: Company Overview - Huapei Power is primarily focused on key components for turbochargers, with approximately 71% of its revenue coming from this segment, where it holds about one-third of the global market share for wastegate actuators [3][4]. - The sensor business, which includes pressure, speed, position, temperature, and urea quality sensors, contributes around 21% to the company's revenue [4]. Group 2: Acquisition Plans - In February 2026, Huapei Power planned to significantly enhance its sensor business through the acquisition of 100% equity in Meichuang Zhiguan (Wuxi) Technology Co., Ltd. from Wuxi Shengyi Industrial Investment Partnership [5][8]. - The acquisition aims to secure technology licenses, patents, product lines, and customers from Valeo's sensor business, which is expected to strengthen Huapei Power's capabilities in automotive sensors and MEMS chips [5][6]. Group 3: Market Reaction and Financial Impact - Following the announcement of the termination of the acquisition, Huapei Power's stock experienced a significant decline, dropping to 19.47 CNY per share, resulting in a market capitalization loss of approximately 2 billion CNY [2][9]. - The company's projected net profit for 2025 is expected to be between -47 million and -27 million CNY, indicating ongoing financial struggles [10].

目前，公司整体生产经营平稳，主营业务未发生重大变化。近期公司股 票价格跌幅较大，敬请广大投资者理性决策，审慎投资，注意防范二级市场交易 风险。 一、股票交易异常波动的具体情况 证券代码：603121 证券简称：华培动力 公告编号：2026-007 上海华培数能科技（集团）股份有限公司 股票交易异常波动公告 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： 上海华培数能科技（集团）股份有限公司（以下简称"公司"）股票于 2026 年 3 月 9 日、3 月 10 日、3 月 11 日连续三个交易日内日收盘价格跌幅偏离 值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易 异常波动。 经公司自查，并书面询证控股股东及实际控制人，截至本公告披露日， 不存在应披露而未披露的重大事项或重要信息。 公司预计 2025 年年度实现归属于母公司所有者的净利润为-4,700.00 万 元到-2,700.00 万元。敬请广大投资者注意公司业绩风险。 公司股票于2026年3月9日、3月10日、3月11日连续三个交 ...

证券代码：603121 证券简称：华培动力 公告编号：2026-006 上海华培数能科技（集团）股份有限公司（以下简称"公司"）因筹划通过 发行可转换公司债券及支付现金方式购买无锡晟熠产业投资合伙企业（有限合伙） （以下简称"无锡晟熠"）持有的美创智感（无锡）科技有限公司 100%股权， 并向不超过 35 名特定投资者发行股份募集配套资金（以下简称"本次交易"）， 公司 A 股股票自 2026 年 2 月 13 日（星期五）开市起停牌。 二、其他说明 上海华培数能科技（集团）股份有限公司 关于临时公告的更正公告 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。 上海华培数能科技（集团）股份有限公司（以下简称"公司"）于 2026 年 3 月 7 日在上海证券交易所网站披露了《上海华培数能科技（集团）股份有限公司 关于终止筹划发行可转换公司债券及支付现金购买资产并募集配套资金暨关联 交易事项并复牌的公告》（公告编号：2026-005），经公司自查，发现公告部分内 容出现笔误，现更正如下： 一、更正内容 原公告内容为： 上海华培数能 ...

Key Points - The article discusses the potential investment opportunities and risks in various sectors, including AI, energy, and finance [1][7][9][10][11][15][16]. Group 1: AI and Cybersecurity - The Ministry of Industry and Information Technology has identified security risks associated with the OpenClaw AI system, particularly in default or improper configurations, which could lead to network attacks and information leaks [7]. - Users are advised to verify public exposure, permissions, and credential management when deploying OpenClaw, and to implement security mechanisms such as identity authentication and data encryption [7]. Group 2: Energy Sector - Kuwait Petroleum Company has implemented "preventive cuts" in oil production and refining due to regional tensions, while stating readiness to resume normal production when conditions allow [8]. - Zhongnan Culture plans to acquire a 57.3% stake in Jiangyin Sulong Thermal Power, which is expected to enhance its business layout in the energy sector and improve brand recognition [9]. - Huapei Power has terminated its plan to acquire 100% of Meichuang Zhiguan due to issues with the target company's pledged shares, leading to a halt in the major asset restructuring [10]. Group 3: Financial Regulations - The China Securities Regulatory Commission has released new regulations on short-term trading, effective from April 7, 2026, which clarify the identification and calculation standards for holding and trading points [5][6]. - The regulations aim to support market development while ensuring compliance and preventing illegal benefits from information advantages [5]. Group 4: Market Trends - Citic Securities highlights the upward price risks in lithium due to supply disruptions, despite an increase in lithium prices since 2026, driven by strong battery demand and declining inventory levels [15]. - The report suggests that the Chinese resource and traditional manufacturing sectors have significant revaluation potential, advocating for exposure to sectors with strong supply constraints [16].

证券代码：603121 证券简称：华培动力 公告编号：2026-005 上海华培数能科技（集团）股份有限公司关于 终止筹划发行可转换公司债券及支付现金购买资产 并募集配套资金暨关联交易事项并复牌的公告 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： 证券停复牌情况：适用 因公司终止筹划发行可转换公司债券及支付现金购买资产并募集配套资金暨关联 交易事项,本公司的相关证券停复牌情况如下： | | | 本次终止重大资产重组事项系经公司审慎研究，并与交易对方充分沟通、友 好协商后做出的决定。交易双方对终止本次重大资产重组无需承担任何违约责任。 本次终止筹划重大资产重组事项不会对公司业务开展、生产经营活动和财务状况 造成不利影响，亦不存在损害公司及股东特别是中小股东利益的情形。 五、股票复牌安排及承诺事项 上海华培数能科技（集团）股份有限公司（以下简称"公司"）因筹划通过 发行可转换公司债券及支付现金方式购买无锡晟熠产业投资合伙企业（有限合伙） （以下简称"无锡晟熠"）持有的美创智感（无锡）汽车零部件有限公司 100%股 ...

证券代码：603121 证券简称：华培动力 公告编号：2026-004 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。 上海华培数能科技（集团）股份有限公司（以下简称"公司"）拟通过发行 可转换公司债券及支付现金方式，购买无锡晟熠产业投资合伙企业（有限合伙） 持有的美创智感（无锡）科技有限公司 100%股权，并向不超过 35 名特定投资者 发行股份募集配套资金（以下简称"本次交易"或"本次重组"）。根据《上市公 司重大资产重组管理办法》和《上海证券交易所股票上市规则》等相关法规的规 定，本次交易预计构成关联交易，构成重大资产重组，但不构成重组上市。本次 交易不会导致公司控股股东、实际控制人变更。 因本次交易尚处于筹划阶段，有关事项存在不确定性，为了维护投资者利益， 避免造成股价异常波动，根据上海证券交易所相关规定，经公司申请，公司 A 股股票（证券简称：华培动力，证券代码：603121.SH）自 2026 年 2 月 13 日（星 期五）开市起开始停牌，预计停牌时间不超过 10 个交易日。具体内容详见公司 于 2026 年 2 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the automotive industry [1]. Core Insights - The automotive industry index increased by 3.62% as of February 25, outperforming the Shanghai Composite Index by 3.0 percentage points, ranking 8th among 30 primary industries [7][12]. - In January 2026, automotive production and sales reached 2.45 million and 2.347 million units, respectively, with a month-on-month decline of 25.7% and 28.3%, but year-on-year figures remained stable [31]. - The report highlights a steady growth in the new energy vehicle (NEV) sector, with production and sales of 1.041 million and 945,000 units in January 2026, achieving a penetration rate of 40.26% [73][75]. - The report emphasizes the importance of policies supporting the automotive market, including the promotion of vehicle trade-in programs and the acceleration of autonomous driving regulations [7][97]. Summary by Sections Industry Performance Review - The automotive index outperformed the market, with a year-to-date increase of 3.97% [12]. - Nearly 70% of automotive stocks rose in February, with the top five performers being Tianrun Industrial, Yinlun Co., Xingmin Zhitong, Jingzhuang Technology, and Jinhongshun [19][20]. - The industry valuation metrics show a PE (TTM) of 33.99 times, ranking 14th among 30 primary industries [23]. Key Data Tracking - In January 2026, the passenger vehicle market saw production and sales of 2.062 million and 1.988 million units, respectively, with a year-on-year decline of 4.1% and 6.8% [46]. - The commercial vehicle market continued its positive trend, with production and sales of 388,000 and 359,000 units, respectively, reflecting year-on-year growth of 29.9% and 23.5% [64]. - NEV production and sales maintained robust growth, with a year-on-year increase of 2.6% and 0.1%, respectively [73]. Important Industry Company News - The report notes significant developments in the autonomous driving sector, including the release of safety requirements for L3 autonomous driving systems by the Ministry of Industry and Information Technology [97]. - Tesla's Cybercab, designed for autonomous driving, has begun production, marking a significant step towards the commercialization of fully autonomous vehicles [98].