Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The Chinese heavy truck market's total sales for 2025 reached 1.145 million units, marking a 27% increase from the previous year [5][13] - The China Automobile Association forecasts total automobile sales in 2026 to be 34.75 million units, a 1% year-on-year growth [15] - The demand for high-end luxury passenger cars in China is exceeding expectations, with a favorable competitive landscape [7] Industry News - Tesla will stop selling Full Self-Driving (FSD) after February 14, transitioning to a monthly subscription model [14] - Shanghai aims to achieve large-scale application of high-level autonomous driving scenarios by 2027 [16] - Great Wall Motors launched the world's first native AI all-power platform "Guiyuan," supporting multiple power systems [17] - Canada has reduced tariffs on Chinese electric vehicles to 6.1%, eliminating the previous 100% additional tax [18] Market Performance - The A-share automotive sector outperformed the market with a weekly increase of 0.71%, ranking 8th among A-share primary industries [25] - The passenger vehicle index decreased by 1.87%, while the commercial vehicle index increased by 5.53% [6] - The automotive parts index rose by 1.26%, with notable gains in the electric control systems and lightweight components [6][35] Investment Recommendations - For passenger vehicles, recommended stocks include JAC Motors and Seres, with beneficiaries being Geely Automobile [7] - In the parts sector, recommended stocks include Desay SV Automotive, Zhejiang Xiantong, and Meili Technology, with beneficiaries being Weichai Power and others [7]

截至9月30日，浙江仙通股东户数2.28万，较上期增加39.10%；人均流通股11848股，较上期减少 28.11%。2025年1月-9月，浙江仙通实现营业收入10.24亿元，同比增长21.74%；归母净利润1.52亿元， 同比增长17.40%。 分红方面，浙江仙通A股上市后累计派现8.66亿元。近三年，累计派现2.30亿元。 责任编辑：小浪快报 浙江仙通今年以来股价涨8.43%，近5个交易日涨8.91%，近20日涨9.56%，近60日涨19.44%。 资料显示，浙江仙通橡塑股份有限公司位于浙江省台州市仙居县现代工业集聚区，成立日期1996年11月 25日，上市日期2016年12月30日，公司主营业务涉及汽车密封条等汽车零部件的研发、设计、生产和销 售。主营业务收入构成为：橡胶密封条80.47%，塑胶密封条16.22%，其他(补充)2.72%，金属辊压件 0.59%。 浙江仙通所属申万行业为：汽车-汽车零部件-其他汽车零部件。所属概念板块包括：浙江国资、新能源 车、机器人概念、专精特新、奇瑞汽车概念等。 1月16日，浙江仙通盘中上涨2.07%，截至11:11，报22.24元/股，成交7371.21万元，换手率 ...

Economic News - The Ministry of Commerce stated that multiple rounds of consultations have been held between China and the EU to address the EU's case against Chinese electric vehicles, agreeing to provide general guidance on price commitments for Chinese exporters [1] - The U.S. has escalated sanctions against Iran, imposing a 25% tariff on any country conducting business with Iran [1] - The National Development and Reform Commission issued guidelines to strengthen government investment fund planning, focusing on supporting emerging industries such as new information technology and new energy [1] - The Ministry of Agriculture aims to increase soybean oil production capacity and self-sufficiency, promoting higher yields in grain and oil crops [1] - The U.S. Federal Reserve chair candidates are being interviewed, with Rick Rieder from BlackRock being a notable candidate [1] - Tianjin's housing authority has mandated that new home prices cannot fluctuate more than 10% from the registered price to prevent rapid price declines [1] - The official confirmation of the J-10CE fighter jet achieving combat success, marking a significant milestone for China's export aircraft [1] - The Ministry of Health and other departments released regulations on the management of deceased patients' services, emphasizing that medical institutions should not engage in funeral services [1] - The Ministry of Industry and Information Technology plans to enhance the role of enterprises in technological innovation and implement new policies to support high-quality development of specialized small and medium-sized enterprises [1] - The State Administration for Market Regulation released 160 national standard samples to improve product quality and promote technological advancement [1] Company Insights - WuXi AppTec expects to achieve a revenue of 45.456 billion yuan in 2025, a year-on-year increase of 15.84%, with a net profit of 19.151 billion yuan, up 102.65% [4] - Zhitex New Materials' stock has seen a continuous rise, with a 198.57% increase over six trading days, leading to a temporary suspension of trading [4] - Jinlongyu plans to invest approximately 1.2 billion yuan in a new solid-state battery production line in Shenzhen [4] - Yonghui Supermarket anticipates a negative net profit for 2025, indicating a potential operational loss [4] - Blue Arrow Electronics intends to acquire at least 51% of Chengdu Xinyi Technology Co., with a valuation not exceeding 675 million yuan [4] Industry Analysis - The securities industry is expected to see improved performance in 2026 due to supportive policies and accelerated consolidation, despite challenges from global geopolitical events and trade issues [5][6] - The average daily trading volume has increased since early 2025, indicating improved market activity and investor engagement [6] - Regulatory support for technology growth companies has led to increased IPO and financing activities, benefiting brokerage revenues [7] - The stability and sustainability of proprietary investments are crucial for brokerage performance, with a focus on balancing high returns and risk management [8] - The securities industry is likely to experience further consolidation, with notable mergers already occurring among major firms [10]

Economic News - The Ministry of Commerce responded to the export control of dual-use items to Japan, stating that China aims to prevent Japan's militarization and nuclear ambitions through legal measures [1] - The Ministry of Foreign Affairs condemned the U.S. for seizing a Russian-flagged oil tanker, emphasizing that such actions violate international law [1] - The Ministry of Commerce commented on Meta's acquisition of Manus, indicating that the government supports lawful international business operations [1] - The Ministry of Commerce discussed South Korean President Lee Jae-myung's visit to China, highlighting agreements to deepen economic cooperation [1] - The State Administration for Market Regulation held discussions with the photovoltaic industry association and leading companies to prevent market manipulation [1] - The Ministry of Industry and Information Technology warned against irrational competition in the lithium battery industry [1] - The Ministry of Finance plans to issue a 1-year fixed-rate bond totaling 135 billion yuan and a 30-year bond totaling 32 billion yuan [1] Company Insights - Sinopec announced a restructuring with China Aviation Oil Group to enhance supply chain efficiency and promote sustainable aviation fuel development [4] - Beifang Changlong plans to acquire 51% of Shunyi Technology, which is expected to constitute a major asset restructuring [4] - Quanxin Co. intends to issue convertible bonds to raise up to 312 million yuan for aviation communication projects and working capital [4] - Yingqu Technology forecasts a net profit of 540 million to 660 million yuan for 2025, driven by stable growth in various business segments [4] - Wens Foodstuff Group expects a net profit of 5 billion to 5.5 billion yuan for 2025, a decline attributed to lower sales prices of pigs and chickens [4] Industry Analysis - The securities industry is expected to see improved performance in 2026 due to supportive policies and accelerated consolidation [6][7] - The average daily trading volume has increased since early 2025, indicating improved market activity [7] - Regulatory support for technology growth companies has led to increased IPO and financing activity, benefiting brokerage revenues [8] - The self-operated investment segment is becoming crucial for brokerage firms' profitability, with a focus on maintaining stability amid market volatility [9] - The securities industry is likely to experience further consolidation, with notable mergers already occurring among leading firms [11]

作为深耕汽车密封条行业近三十年的本土龙头企业，浙江仙通凭借持续的技术投入与深厚的行业积累， 已在该领域奠定了坚实的技术与市场基础。公司已成功攻克无边框密封条的核心技术难题，成为国内首 家实现产品量产的内资企业，并得到核心客户的高度认可。 经过多年市场拓展，浙江仙通客户群体已覆盖上汽大众、上汽通用、一汽大众、吉利汽车、奇瑞汽车、 长安汽车、上汽、北汽、广汽等合资或自主品牌主流车企，合作黏性强，为产品持续放量提供了稳定支 撑。 通过本次定增，浙江仙通能够进一步扩大和升级相关产品产能，满足快速增长的市场需求与新客户、新 项目的预留产能要求，巩固并扩大在该细分领域的领先地位。同时，新生产线通过引入先进生产设备与 工艺，可对产品质量进行更精准把控，持续优化产品性能，契合无边框汽车不断升级的技术要求。 这不仅有助于浙江仙通占据更大的国内市场份额，提升品牌影响力，还能助力公司在全球汽车零部件市 场竞争中脱颖而出，推动我国汽车零部件产业在高端领域实现国产替代，增强产业整体竞争力。 本报讯(记者冯思婕)1月7日，浙江仙通（603239）橡塑股份有限公司(以下简称"浙江仙通")发布公告 称，拟向包括控股股东台州五城产业发展有限公 ...

中证报中证网讯(记者罗京)浙江仙通（603239）近日披露2026年度向特定对象发行A股股票预案，计划 募集资金总额不超过10.5亿元，聚焦汽车无边框密封条智能制造、研发中心升级及补充流动资金三大核 心方向。 根据预案，本次向特定对象发行股票数量不超过8121.6万股，占发行前公司总股本的30%，最终发行数 量将根据募集资金总额及询价确定的发行价格计算。发行对象范围涵盖公司控股股东台州五城产业发展 有限公司在内的不超过35名符合中国证监会规定条件的特定对象，包括证券投资基金管理公司、证券公 司、合格境外机构投资者等，所有发行对象均以现金方式认购。 值得注意的是，控股股东台州五城不参与本次发行定价的竞价过程，但承诺接受竞价结果并与其他认购 对象以相同价格认购，其认购数量不超过本次实际发行数量的30%，且发行后持股比例不低于24.62%； 台州五城认购股份的限售期为18个月，其余发行对象认购股份的限售期为6个月。 募集资金使用规划方面，根据预案，7.05亿元拟投入汽车无边框密封条智能制造项目。该项目总投资 8.53亿元，选址于仙居县经济开发区现代工业集聚区，规划建设生产车间、物流中心、仓储用房等配套 设施，建设周 ...

拟募不超10.5亿优化产品结构 长江商报消息 ●长江商报记者 张璐 国内汽车密封条行业领军企业浙江仙通（603239.SH）加快业务布局。 1月6日，浙江仙通公告，拟向包括控股股东台州五城在内的不超过35名特定对象发行A股股票，募集资 金总额不超过10.5亿元，扣除发行费用后的募集资金净额将用于汽车无边框密封条智能制造项目、研发 中心升级建设项目及补充流动资金。 作为本土汽车密封条龙头，浙江仙通深耕行业三十余年，以持续加码的研发投入筑牢技术壁垒。财报数 据显示，2021年—2025年前三季度，近5年时间，公司研发费用累计达2.06亿元。其攻克的无边框密封 条核心技术打破外资垄断，成功进入比亚迪、极氪等头部新能源车企供应链。 长江商报记者注意到，公司强劲的技术实力转化为业绩增长动能。2025年前三季度，浙江仙通实现营收 10.24亿元，同比增长21.74%；归母净利润1.52亿元，同比增长17.4%，均保持两位数增长。 2022年—2024年，公司营收分别为9.36亿元、10.66亿元、12.25亿元，实现归母净利润分别为1.26亿元、 1.51亿元、1.72亿元。 2025年前三季度，浙江仙通延续增长趋势，当 ...

Core Insights - The report emphasizes the significant potential for the revaluation of Chinese assets, indicating that the 2025 stock market performance reflects a process of asset revaluation in China [13] - It highlights the ongoing transformation of China's economy, with a shift from low-end manufacturing to high-value services, which is expected to enhance the profitability of Chinese assets [13] - The report suggests that the 2026 market will likely experience a transition from passive destocking to active restocking, providing support for both the economy and the stock market [16] Economic and Market Overview - The Chinese economy is entering a new phase of development with the "14th Five-Year Plan," which emphasizes technological innovation and the establishment of a modern industrial system [16] - The report notes that the liquidity environment is expected to remain relatively loose, which will facilitate the inflow of capital into the stock market [14] - It predicts that the A-share market will see a profit growth rate of around 12% in 2026, driven by improving economic fundamentals [17] Investment Opportunities - The report identifies key sectors for investment, including artificial intelligence, commercial aerospace, controlled nuclear fusion, and autonomous driving, which are expected to be at the forefront of technological advancement [17] - It also highlights the potential for overseas expansion of Chinese enterprises, particularly in sectors like photovoltaics, lithium batteries, new energy vehicles, and home appliances [18][19] - The report suggests that the insurance and brokerage sectors will see increased participation in the stock market, driven by policy reforms and a growing appetite for equity investments [14] Performance and Valuation - The report indicates that the A-share market is likely to enter a phase where both earnings and valuations will rise, providing further upward momentum for the slow bull market [15] - It notes that the overall return on equity (ROE) for A-shares has shown signs of bottoming out, with expectations for a rebound in 2026 [15] - The valuation of Chinese stocks is currently considered reasonable compared to U.S. stocks, with no significant bubble observed in the market [15]

证券之星消息，1月7日浙江国企改革板块较上一交易日下跌0.44%，浙江仙通领跌。当日上证指数报收 于4085.77，上涨0.05%。深证成指报收于14030.56，上涨0.06%。浙江国企改革板块个股涨跌见下表： 从资金流向上来看，当日浙江国企改革板块主力资金净流出2.38亿元，游资资金净流入3964.25万元，散 户资金净流入1.98亿元。浙江国企改革板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

资料显示，浙江仙通橡塑股份有限公司位于浙江省台州市仙居县现代工业集聚区，成立日期1996年11月 25日，上市日期2016年12月30日，公司主营业务涉及汽车密封条等汽车零部件的研发、设计、生产和销 售。主营业务收入构成为：橡胶密封条80.47%，塑胶密封条16.22%，其他(补充)2.72%，金属辊压件 0.59%。 从基金十大重仓股角度 数据显示，广发基金旗下1只基金重仓浙江仙通。广发改革混合（001468）三季度持有股数40.41万股， 占基金净值比例为3.57%，位居第三大重仓股。根据测算，今日浮亏损失约44.45万元。 1月7日，浙江仙通跌5.08%，截至发稿，报20.56元/股，成交2.40亿元，换手率4.23%，总市值55.66亿 元。 广发改革混合（001468）成立日期2015年7月27日，最新规模2.33亿。今年以来收益3.74%，同类排名 2775/8823；近一年收益46.14%，同类排名2427/8083；成立以来收益19.4%。 广发改革混合（001468）基金经理为陈少平。 截至发稿，陈少平累计任职时间19年43天，现任基金资产总规模2.33亿元，任职期间最佳基金回报 81.55 ...