| 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 2.0000 | 1.6500 | 21.21 | 0.9700 | | 每股净资产（元） | 11.12 | 9.79 | 13.59 | 8.37 | | 每股公积金(元) | 4.33 | 4.33 | 0 | 4.33 | | 每股未分配利润(元) | 5.62 | 4.00 | 40.5 | 2.72 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 132.64 | 105.72 | 25.46 | 69.47 | | 净利润(亿元) | 9.77 | 8.06 | 21.22 | 4.71 | | 净资产收益率(%) | 17.99 | 17.73 | 1.47 | 12.21 | 10派3元(含税) 前十大流通股东累计持有： 24658.96万股，累计占流通股比： 50.6%，较上期变化： -255.83万股。 | 名称 | 持有数量(万股) | 占总股本 ...

Wind数据显示，截至4月22日18时30分，COMEX黄金期货价格报3476.1美元/盎司，当日涨1.48%，最高触及3509.9美元/盎司； 现货黄金（伦敦金现）报3457.960美元/盎司，日内涨1.00%，最高触及3500.120美元/盎司创历史新高。 除国内期权市场外，A股、期货市场炒作情绪亦显著升温。 4月22日，黄金股再度走强，宝鼎科技（002552.SZ）、东江环保（002672.SZ）、深中华A（000017.SZ）涨停，明牌珠宝 （603179.SH）、四川黄金（001337.SZ）涨超5%，多股跟涨。 | 股票代码 | 股票简称 | 现价(元) | 张铁幅(%) | | --- | --- | --- | --- | | 002552.SZ Mi | 宝鼎科技 | 15.02 | 10.04 | | 002672.SZ Mi | 东江环保 | 4.28 | 10.03 | | 000017.SZ Mi | 深中华A | 6.75 | 9.93 | | 002574.SZ Mi | 明牌珠宝 | 6.58 | 7.34 | | 001337.SZ Mi | 四川黄金 | 28.56 | 6 ...

4月22日，赵诣旗下泉果旭源三年持有期混合型基金发布2025年度一季报。泉果旭源的前十大重仓股分 别为宁德时代（300750）(300750.SZ)、科达利（002850）(002850.SZ)、腾讯控股(00700)、美团- W(03690)、立讯精密（002475）(002475.SZ)、恩捷股份（002812）(002812.SZ)、新泉股份（603179） (603179.SH)、应流股份（603308）(603308.SH)、快手-W(01024)、德业股份（605117）(605117.SH)。相 比于2024年四季度，快手-W新进前十大，振芯科技（300101）则退出了前十大。 | 序号 | 股票代码 | 股票名称 | 数量(股) | 公允价值(元) | 占基金资产净 | | --- | --- | --- | --- | --- | --- | | | | | | | 值比例(%) | | 1 | 300750 | 宁德时代 | 4, 982, 542 | 1, 260, 284, 17 | 9.33 | | | | | | 3. 48 | | | 2 | 002850 | 科达利 | 10, ...

► 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 ...

摘要 ► 2025 上海车展：" 拥抱创新 共赢未来"。 第二十一届上海国际汽车工业展览会将于 2025 年 4 月 23 日至 5 月 2 日举办，主题为"拥抱创新 共赢未来"。本届车展规模超 36 万平方米，吸引全球近 1 , 000 家企业 参展，海内外主流品牌悉数亮相，覆盖 26 个国家及地区，预计发布超 100 款全球首发新车。我们拟通过本报告梳理亮点车企，解读整车新技术，洞察产业新趋势。 ► 自主新趋势：技术驱动品牌向 上 混动 + 智驾双线突破 比亚迪： 王朝网汉 L/唐L双旗舰搭载"天神之眼"智驾系统（激光雷达+双Orin-X），第五代DM混动实现1 , 400km续航；方程豹钛3以硬派设计+云辇底盘拓展个性化市 场，技术赋能全价位覆盖。 吉利： 银河星耀 8、极氪9X依托雷神EM-P混动与Thor芯片，实现13万元至百万元级市场布局；领克900以激光雷达+天地门设计定义豪华 新标杆。 长安 /长城/上汽： 长安深蓝 S09、长城坦克400Hi4-Z、上汽智己LS6等差异化产品矩阵，聚焦增程、越野与智能赛道，自主供给呈现高端化、科技化特征。 投资建议 乘用车： 看好 智能化、全球化加速突破的优 ...

Investment Rating - The report maintains a positive investment rating for the automotive and automotive parts industry, focusing on domestic autonomous industry chains and key companies such as BYD, Geely, and Xpeng [5]. Core Insights - The report highlights the impact of recent U.S. tariffs on the automotive sector, noting that the tariffs have a limited effect on automotive parts, particularly for companies with overseas operations [2][3]. - It emphasizes the importance of monitoring tariff developments and suggests a focus on domestic autonomous vehicle manufacturers that are less affected by U.S. tariffs [3][24]. - The report recommends a selection of companies in the automotive sector, particularly those involved in smart and electric vehicles, as well as automotive parts suppliers [3][4]. Summary by Sections Weekly Data - In the first week of April 2025, passenger car sales reached 337,000 units, a year-on-year increase of 25.6% but a month-on-month decrease of 30.2%. New energy vehicle sales were 168,000 units, up 37.8% year-on-year but down 30.4% month-on-month, with a penetration rate of 50.0% [1][3]. Market Performance - The automotive sector underperformed the market, with the A-share automotive sector declining by 5.26% from April 7 to April 11, ranking 24th among sub-industries [1][3]. Key Recommendations - The report suggests focusing on a core portfolio that includes companies like BYD, Geely, Xpeng, Xiaomi, Berteli, Top Group, and others [1][3]. - It also highlights the potential of companies involved in the new energy vehicle supply chain and those focusing on smart driving technologies [3][4]. Tariff Impact - The U.S. tariffs, particularly the reciprocal tariffs, are expected to have a significant impact on exports and the economy, with a potential drag on GDP growth [10][19]. - The report notes that the automotive parts sector is less affected by the tariffs, especially for companies with production facilities in Mexico and Southeast Asia [2][24]. Company Focus - The report identifies key companies in the automotive parts sector that are well-positioned to benefit from the current market dynamics, including those involved in smart and electric vehicle technologies [3][4][25].

Investment Rating - The report maintains a "Positive" investment rating for the automotive industry [14] Core Insights - The impact of the recent tariffs imposed by the U.S. on China is relatively limited for the automotive sector, primarily affecting parts exports. Strong parts manufacturers have established global production capabilities, particularly in Mexico, which benefits from zero tariffs under the USMCA agreement [2][10] - The overall automotive sales for the week of March 24-30 reached 482,500 units, a 12.3% increase compared to the previous week. New energy vehicle sales were 241,900 units, reflecting an 8.0% increase, with a penetration rate of 50%, down 2.0 percentage points from the previous week [9][10] - The A-share automotive sector experienced a decline of 3.60%, underperforming the CSI 300 index, which fell by 1.37% [9] Summary by Sections Tariff Impact - The U.S. tariffs on Chinese imports have a limited short-term impact on the automotive sector, with parts exports being the primary concern. Companies can potentially shift production to Mexico or other low-tariff regions to mitigate costs [10][23] Market Performance - The automotive sector's performance in the A-share market has been weak, with various sub-sectors showing declines, particularly in commercial vehicle parts and tires [9][11] Sales Data - Total automotive sales for March 2025 reached 1.685 million units, a 23.4% increase year-on-year, with new energy vehicles accounting for 890,000 units, up 27.7% [9][10] Investment Recommendations - The report recommends focusing on the complete vehicle segment and parts manufacturers with strong overseas layouts, particularly those involved in smart driving technologies and robotics [11][12] - Specific companies highlighted for investment include BYD, XPeng Motors, and Geely for smart driving vehicles, and Top Group and Fulin Precision for robotics [11][12] Parts Manufacturing - Some parts manufacturers may face pressure due to declining Tesla sales, but recovery is expected with new vehicle launches in Q2. Companies with operations in Mexico are less affected by the tariffs [12][40]

| 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2025-006 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司 可转债转股结果暨股份变动公告 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： 累计转股情况：截至 2025 年 3 月 31 日，累计已有人民币 94,000 元新 23 转债已转换为公司股票，累计转股数为 1,825 股，占新 23 转债转股前公司已 发行股份总额的 0.0004%。 未转股可转债情况：截至 2025 年 3 月 31 日，尚未转股的新 23 转债金额 为人民币 1,159,906,000 元，占新 23 转债发行总量的比例为 99.9919%。 本季度转股情况：自 2025 年 1 月 1 日至 2025 年 3 月 31 日期间，新 23 转债未发生转股情况。 一、可转债发行上市概况 （一）根据中国证券监督管理委员会《关于同意江苏新泉汽车饰件股份有限 公司向不特定对象发 ...

Investment Rating - The report maintains a bullish outlook on the automotive sector, recommending a comprehensive positive stance on the entire vehicle segment and parts sector [5]. Core Insights - The automotive sector is experiencing a positive trend, with passenger car insurance registrations increasing by 15.9% year-on-year in the first week of March 2025 [3]. - The report highlights significant developments in the industry, including the revenue performance of Li Auto and the launch of new models by Leap Motor, indicating a competitive landscape in the smart electric vehicle market [3][5]. - The report emphasizes the importance of smart technology in vehicles, predicting that the competition among automakers will intensify, particularly in the L3 and L2+ autonomous driving segments [38]. Weekly Sector Review - The SW automotive index rose by 0.8%, with the passenger vehicle segment showing the best performance at +2.6% [3]. - The report notes that the passenger vehicle sector is ranked 25th in A-shares and 4th in Hong Kong stocks for the week [9][12]. - Key stocks that performed well include Leap Motor, Fuyao Glass, and King Long Automobile [17]. Industry Trends - The report forecasts a total of 23.83 million passenger vehicles sold in 2025, representing a year-on-year growth of 4.7% [35]. - The penetration rate of new energy vehicles is expected to reach 62% by 2025, with significant growth in both domestic and export markets [36][41]. - The report anticipates that the heavy truck segment will see a 5.5% increase in domestic sales, driven by demand for replacements and policy support [41]. Company Tracking - Li Auto's revenue for Q4 2024 reached 44.27 billion yuan, with a year-on-year growth of 6.1% [3]. - Leap Motor has launched its B10 model, targeting the high-value smart electric vehicle market with competitive pricing [3]. - The report highlights the performance of various automakers, noting that companies like Xpeng and BYD are leading in the smart technology race [5][38].

江苏新泉汽车饰件股份有限公司 关于聘任公司副总经理的公告 | 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2025-005 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司董事会 2025 年 3 月 13 日 附简历： 王利军：男，1973 年 9 月出生，中国国籍，无永久境外居留权，MBA 硕士学 历，1997 年毕业于武汉科技大学，机械工程专业；1998 年-2000 年就职于万宝 1 至机电有限公司担任管理员，2001 年-2002 年就职于普思电子有限公司担任生产 主管；2003 年-2018 年就职于慧鱼汽车系统有限公司担任高级经理；2018 年-2020 年就职于宁波舜宇精工股份有限公司担任总经理；2020 年 4 月加入本公司，担 任公司全资子公司新泉（上海）汽车零部件有限公司总经理，现任本公司副总经 理、新泉（上海）汽车零部件有限公司总经理。 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。 江苏新泉汽车 ...