证券日报网1月23日讯，浙江仙通（603239）在接受调研者提问时表示，公司将依托自身优势，未来将 专注于机器人整机规模化组装代工，通过联合研发进行供应链优化，为更多的机器人企业提供制造品质 优良、质量可靠、性价比优的机器人产品，实现共赢，推动机器人产业进步和发展。 ...

东兴八骏 2026 年度金股 | | | | | 刘航 电话：021-25102913 邮箱：liuhang-yjs@dxzq.net.cn | 执业证书编号：S1480522060001 | | --- | --- | --- | | | 石伟晶 电话：021-25102907 邮箱：shi_wj@dxzq.net.cn | 执业证书编号：S1480518080001 | | | 张永嘉 电话：010-66554016 邮箱：zhangyj-yjs@dxzq.net.cn | 执业证书编号：S1480523070001 | | 分析师 | 李金锦 电话：010-66554142 邮箱：lijj-yjs@dxzq.net.cn | 执业证书编号：S1480521030003 | | | 任天辉 电话：010-66554037 邮箱：renth@dxzq.net.cn | 执业证书编号：S1480523020001 | | | 张天丰 电话：021-25102914 邮箱：zhang_tf@dxzq.net.cn | 执业证书编号：S1480520100001 | | | 孟斯硕 电话：010-66554041 ...

Market Overview - The robotics sector experienced a significant surge today, with stocks such as Fenglong Co., Ltd. achieving a 14-day consecutive rise, and companies like Riying Electronics, Oke Yi, and Tieliu Co. reaching their daily price limits [1]. Stock Performance - Fenglong Co., Ltd. (002931.SZ) reached a price of 67.97, increasing by 10.00% with a market cap of 13.679 billion [2] - Riying Electronics (603286.SS) also saw a 10.00% increase, reaching 77.34 with a market cap of 8.926 billion [2] - Oke Yi (688308.SS) surged by 20.00% to 39.78, with no available market cap data [2] - Other notable performers include Banming Equipment (002270.SZ) at 32.49 (+9.99%), and Tieliu Co. (603926.SS) at 20.19 (+10.03%) [2] Industry Events - The 2026 Spring Festival Gala will feature robots again, enhancing industry visibility, as previous appearances by companies like Yushu Technology have shown [4] - OpenAI is reportedly seeking domestic hardware suppliers in the U.S. for core components of robots, indicating ambitions for large-scale production [4] - Qianxun Intelligent has open-sourced its VLA foundational model Spiritv1.5, achieving over 50% success in RoboChallenge evaluations, which supports technological iteration in the industry [4] Institutional Insights - Tesla's mass production is expected to initiate a cycle of growth in the supply chain, with domestic manufacturers poised to increase output from thousands to tens of thousands of units by mid-2026 [5] - The hardware supply chain for Tesla is consolidating, with domestic firms showing advantages in supply chain integration, cost control, and rapid product iteration [5] - The industry is accelerating towards mass production, with Chinese robotics companies showcasing integrated engineering capabilities at CES 2026 [5] - China holds significant advantages in supply chain completion, large-scale manufacturing, and cost reduction, with leading firms establishing production bases in Thailand to support Tesla's 2026 production plans [5]

Market Overview - The market experienced a pullback after an initial rise, with the Shenzhen Composite Index and the ChiNext Index turning negative. The total trading volume in the Shanghai and Shenzhen markets was 1.79 trillion yuan, a decrease of 198.5 billion yuan from the previous trading day [1] - The Shanghai Composite Index rose by 0.13%, while the Shenzhen Composite Index fell by 0.01%, and the ChiNext Index decreased by 0.64% [1] Sector Performance - The electric grid equipment sector saw significant gains, with companies like China Xidian, Dalian Electric Porcelain, and Guodian Electric reaching their daily price limits [1] - The commercial aerospace sector rebounded, with stocks such as Jinding New Materials and Yuexiu Capital also hitting their daily limits [3] - The tourism and hotel sector strengthened, with Dalian Shengya and Jiuhua Tourism achieving price limits [7] - The robotics sector experienced fluctuations, with stocks like Riying Electronics and Zhejiang Xiantong reaching their daily limits [5] Notable Stocks - A total of 44 stocks hit their daily limits in the morning session, with a limit rate of 67%. Notable stocks included Fenglong Co., which continued its streak with 14 consecutive price limits, and Xinhua Department Store with 4 consecutive limits [1] - In the electric grid equipment sector, stocks such as Shuangjie Electric and Yinen Electric saw significant increases of 17.65% and 13.89%, respectively [2] Investment Insights - The State Grid Corporation of China announced that its fixed asset investment is expected to reach 4 trillion yuan during the 14th Five-Year Plan period, a 40% increase compared to the previous plan, which is anticipated to drive high-quality development in the new power system supply chain [2][3] - The commercial aerospace sector is gaining momentum, with companies like Zhongke Aerospace completing their IPO guidance work, marking it as one of the fastest in the sector [4][13] Economic Indicators - The National Bureau of Statistics reported that the per capita disposable income for residents in 2025 is projected to be 43,377 yuan, with a nominal growth of 5.0% [29] - The GDP for 2025 is expected to exceed 140 trillion yuan, with a growth rate of 5.0% [30]

Core Viewpoint - The A-share market showed mixed performance with significant gains in the basic chemical, electric equipment, and automotive sectors, while the Hong Kong market experienced a decline in major indices [1][2][7]. A-share Market Performance - The basic chemical sector led the gains with an increase of over 2%, featuring stocks like Li Er Chemical (002258), Evergrande High-tech (002591), and Double Star New Materials (002585) hitting the daily limit [2][3]. - Electric equipment stocks also surged, with the sector's increase exceeding 2%, and notable performers included Shuangjie Electric (300444) and Taisheng Wind Power (300129), both showing gains of over 10% [4]. - The automotive sector saw a rise close to 2%, with stocks such as Superjet (301005) and Kabeiyi (300863) achieving gains exceeding 10% [5]. Hong Kong Market Performance - The Hong Kong market was generally sluggish, with the Hang Seng Index and Hang Seng Technology Index both dropping over 1% [7]. - Notable gainers included companies like Li Ning and Mengniu Dairy, while WuXi Biologics and Innovent Biologics faced significant declines [8]. - The stock of Qutoutiao surged over 20% following a positive earnings forecast, projecting a turnaround to profitability in 2025 [9][10]. Company-Specific Highlights - Qutoutiao expects a net profit between RMB 270 million and RMB 330 million for 2025, driven by increased investment in AI and operational efficiency improvements [10]. - TCL Electronics anticipates a significant increase in adjusted net profit for 2025, projected between HKD 2.33 billion and HKD 2.57 billion, representing a growth of 45% to 60% compared to 2024 [11].

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]

Company Overview - Zhejiang Xiantong is engaged in the research, design, production, and sales of automotive sealing strips and other automotive components, with a revenue composition of 80.47% from rubber sealing strips, 16.22% from plastic sealing strips, 2.72% from other sources, and 0.59% from metal roller parts [1] - The company was established on November 25, 1996, and was listed on December 30, 2016 [1] Stock Performance - As of January 16, the stock price of Zhejiang Xiantong increased by 2.07% to 22.24 CNY per share, with a total market capitalization of 6.021 billion CNY [1] - Year-to-date, the stock has risen by 8.43%, with a 5-day increase of 8.91%, a 20-day increase of 9.56%, and a 60-day increase of 19.44% [1] Financial Performance - For the period from January to September 2025, Zhejiang Xiantong achieved a revenue of 1.024 billion CNY, representing a year-on-year growth of 21.74%, and a net profit attributable to the parent company of 152 million CNY, up 17.40% year-on-year [2] - The company has distributed a total of 866 million CNY in dividends since its A-share listing, with 230 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, the number of shareholders for Zhejiang Xiantong reached 22,800, an increase of 39.10% compared to the previous period, while the average circulating shares per person decreased by 28.11% to 11,848 shares [2] Industry Classification - Zhejiang Xiantong belongs to the automotive parts industry, specifically categorized under automotive components and other automotive parts [1] - The company is associated with several concept sectors, including Zhejiang state-owned assets, new energy vehicles, robotics, specialized and innovative enterprises, and Chery Automobile concepts [1]

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]

Core Viewpoint - Zhejiang Xiantong plans to raise up to 1.05 billion yuan through a private placement of A-shares to enhance production capacity and support R&D projects in the automotive sealing strip sector [1][2] Group 1: Fundraising and Project Details - The company aims to issue shares to no more than 35 specific investors, including its controlling shareholder, to raise a total of no more than 1.05 billion yuan [1] - The net proceeds will be allocated to an intelligent manufacturing project for frameless automotive sealing strips, an upgrade of the R&D center, and to supplement working capital [1] - The total investment for the frameless sealing strip project is 853 million yuan, with a construction period of three years, expected to add an annual production capacity of 67.7 million meters upon completion [1] Group 2: Market Position and Competitive Advantage - The automotive sealing strip industry is experiencing a consolidation, with market share increasingly concentrated among leading companies with technological advantages and sufficient capacity [1] - Zhejiang Xiantong has established a strong customer base, including major automotive manufacturers such as SAIC Volkswagen, SAIC General Motors, and Geely, which provides stable support for product volume growth [2] - The company has successfully overcome core technical challenges in frameless sealing strips, becoming the first domestic enterprise to achieve mass production, which has garnered high recognition from key customers [2] Group 3: Future Outlook and Strategic Goals - The planned projects are expected to double the number of new projects in 2024 compared to 2023, with 33 new frameless sealing strip projects in the pipeline, indicating a robust demand for production capacity in the next 2-3 years [1] - The introduction of advanced production equipment and processes will enhance product quality control and optimize performance, aligning with the evolving technological requirements of frameless vehicles [2] - The initiatives will not only help Zhejiang Xiantong capture a larger share of the domestic market but also enhance its brand influence and competitiveness in the global automotive parts market [2]