Core Points - The company did not distribute cash dividends or issue bonus shares during the reporting period [3] - The company’s controlling shareholder and actual controller did not change during the reporting period [5] - The company’s production and operation were normal without significant changes during the reporting period [5] Financial Data and Indicators - The company does not require retrospective adjustments or restatements of previous accounting data [4] - There were no preferred shareholders or related holdings reported during the period [5] Important Matters - Investors are advised to refer to the full semi-annual report for comprehensive insights into the company's operational results, financial status, and future development plans [1]

Group 1 - The company focuses on precision manufacturing, specifically in automotive electronic precision components and lightweight functional parts, with nearly 30 years of experience in precision mold and injection molding development and manufacturing [1] - The main application development is centered around special engineering plastics such as PPS, PA, PBT, PC, POM, and PPE, with accumulated experience in mold development and manufacturing processes for high-end application materials like PEEK [1] - The automotive sector has widely adopted the use of plastics instead of steel, and lightweighting is a significant development direction for emerging industries such as humanoid robots [1] Group 2 - The company is actively monitoring changes in the industry and client business, seeking potential business cooperation opportunities, and continuously penetrating into higher value application scenarios [1]

来源：金融界 天眼查商业履历信息显示，宁波天龙电子股份有限公司，成立于2000年，位于宁波市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本19888.675万人民币，实缴资本19888.675 万人民币。公司法定代表人为胡建立。 通过天眼查大数据分析，宁波天龙电子股份有限公司共对外投资了17家企业，参与招投标项目2次，知 识产权方面有商标信息3条，专利信息71条，此外企业还拥有行政许可8个。 金融界消息 截至2025年8月14日收盘，天龙股份（603266）报收于20.9元，下跌3.86%，换手率4.2%， 成交量8.35万手，成交金额1.77亿元。 资金流向方面，今日主力资金净流出2623.24万元，占比成交额14.83%。其中，超大单净流出626.92万 元、占成交额3.54%，大单净流出1996.31万元、占成交额11.29%，中单净流出流出315.89万元、占成交 额1.79%，小单净流入2939.13万元、占成交额16.62%。 天龙股份最新一期业绩显示，截至2025一季报，公司营业总收入3.03亿元、同比减少8.56%，归属净利 润2557.96万元，同比减少22.35% ...

Market Overview - The Shanghai Composite Index is at 3701.99 points, with a change of +0.50% [1] - The total trading volume of A-shares is 103.51 billion yuan [1] Technical Analysis - 96 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Dengyun Co., Ltd. (002715) with a distance of -1.02% [1] - United Chemical (301209) with a distance of -0.93% [1] - Guangsheng Nonferrous (600259) with a distance of -0.79% [1] Individual Stock Performance - Dengyun Co., Ltd. (002715) has decreased by 2.88% with a latest price of 16.87 yuan [1] - United Chemical (301209) has decreased by 0.17% with a latest price of 92.78 yuan [1] - Guangsheng Nonferrous (600259) has decreased by 0.81% with a latest price of 58.82 yuan [1] - Other notable stocks with declines include: - Guoneng Rixin (301162) down 2.29% [1] - Daqian Energy (688303) down 2.44% [1] - Yijiahe (603666) down 0.43% [1] Additional Stock Data - Stocks with minor declines include: - Ningbo Bank (002142) up 0.25% with a latest price of 28.25 yuan [2] - Huayang New Materials (600281) down 0.59% with a latest price of 6.75 yuan [2] - The overall trend indicates a cautious market sentiment with several stocks experiencing downward pressure [1][2]

金融界消息 截至2025年8月12日收盘，天龙股份（603266）报收于21.72元，下跌1.32%，换手率 2.59%，成交量5.14万手，成交金额1.12亿元。 来源：金融界 资金流向方面，今日主力资金净流出1227.37万元，占比成交额10.99%。其中，超大单净流出568.91万 元、占成交额5.09%，大单净流出658.46万元、占成交额5.9%，中单净流出流入544.26万元、占成交额 4.87%，小单净流入683.11万元、占成交额6.12%。 天龙股份最新一期业绩显示，截至2025一季报，公司营业总收入3.03亿元、同比减少8.56%，归属净利 润2557.96万元，同比减少22.35%，扣非净利润2471.75万元，同比减少18.95%，流动比率2.864、速动比 率2.375、资产负债率26.18%。 天眼查商业履历信息显示，宁波天龙电子股份有限公司，成立于2000年，位于宁波市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本19888.675万人民币，实缴资本19888.675 万人民币。公司法定代表人为胡建立。 通过天眼查大数据分析，宁波天龙电子股份有限公司共对 ...

Group 1 - The report highlights an increase in institutional research focus on the automotive, electric equipment, and basic chemical industries compared to the previous year [3][15][23] - In the weekly analysis, the total number of institutional research instances across the A-share market decreased, indicating a cooling interest, likely due to some companies entering their earnings blackout period [16][23] - The monthly analysis shows that in July, the total number of institutional research instances was 1,313, down from 1,505 in the same month of 2024, reflecting a continued decline in research activity [23][26] Group 2 - From an individual stock perspective, companies such as InSai Group, JieYa Co., TianLong Co., JiangBoLong, and BeiTe Technology received significant market attention, with high numbers of research instances and participating institutions [28][34] - TianLong Co. is actively advancing its product matrix in the automotive parts sector, focusing on new energy vehicle components, and has been frequently researched by institutions [30] - WeiLi Transmission has made progress in wind power gearboxes and is enhancing its production capacity, also attracting considerable institutional interest [31]

Core Viewpoint - Tianlong Co., Ltd. is focusing on precision plastic manufacturing with a comprehensive capability in "precision molds, injection molding, stamping, and assembly," primarily serving the automotive and electrical appliance sectors [1] Group 1: Company Overview - The company specializes in automotive components, particularly in automotive electronic precision parts and lightweight structural components [1] - Tianlong's construction of its production base in Thailand has been completed, with most equipment expected to be in place by the end of July, and some equipment already in production [1] Group 2: Future Outlook - The company plans to actively pursue more overseas orders and continue its focus on the automotive industry [1] - There is potential for the company to expand its downstream application market through its developments in lightweight and sensor technologies [1] - The report initiates coverage with a "buy" investment rating for the company [1]

市场表现上，基金调研股中，近5日上涨的有11只，涨幅居前的有因赛集团、国机精工、爱乐达等，涨 幅为23.38%、9.95%、7.02%；下跌的有4只，跌幅居前的有西子洁能、洁雅股份、京能热力等，跌幅为 11.53%、2.44%、1.27%。 数据宝统计，基金参与调研股中，近5日资金净流入的有5只，国机精工近5日净流入资金1.50亿元，主 力资金净流入最多；净流入资金较多的还有因赛集团、天龙股份等，净流入资金分别为1.08亿元、 2950.14万元。 业绩方面，基金调研公司中，1家公司已经公布了半年报，净利润同比增幅最高的是飞龙股份，净利润 增长幅度为14.49%。公布上半年业绩预告的共有3家，业绩预告类型来看，预盈有1只。以净利润增幅 中值来看，净利润增幅最高的是美芯晟，预计净利润中值为500.00万元，同比增幅为131.00%。（数据 宝） 昨日基金共对15家公司进行调研，扎堆调研美芯晟、天龙股份、因赛集团等。 证券时报·数据宝统计，7月30日共19家公司被机构调研，按调研机构类型看，基金参与15家公司的调研 活动，其中，10家以上基金扎堆调研公司共4家。美芯晟最受关注，参与调研的基金达21家；天龙股 份、 ...

布局传感器+轻量化，机器人产业协同可期 公司参股武汉飞恩微电子，后者从事MEMS传感器研发制造，技术积淀深厚，主攻汽车压力传感器，并开 拓人形机器人业务线，成功进入手智创新"远游"轮式人形机器人供应链。人形机器人轻量化趋势明 确，"以塑代钢"需求加速释放。公司凭借精密模具、复杂注塑及自动化装配的核心优势，结合在汽车与电 工电器领域积累的头部客户资源，有望切入机器人市场。 华鑫证券有限责任公司傅鸿浩,张涵,林子健,罗笛箫近期对天龙股份（603266）进行研究并发布了研究报告 《公司动态研究报告：深耕塑料精密制造，汽车电子+轻量化双驱动》，首次覆盖天龙股份给予买入评 级。 天龙股份 投资要点 聚焦汽车电子零部件和轻量化结构件 公司深耕塑料精密制造，拥有"精密模具、注塑、冲压、装配"一站式能力，产品主要覆盖汽车和电工电器 两大领域，其中，汽车零部件领域主要涉及汽车电子精密零部件和汽车轻量化结构件。 未来，公司将继续围绕汽车产业进行布局：1)轻量化方面，重点发展汽车功能门板、车灯、热管理电子冷 却风扇等中大型功能类精密塑料零部件，并向部件小总成方向发展，持续提升单车价值；2)汽车电子方 面，重点开发新能源汽车三电及智 ...

Group 1: Report Basic Information - The report is about a research on Tianlong Co., Ltd. in the plastics products industry on July 30, 2025 [1][2][17] - The participating research institution is Hua'an Fund [2][20] Group 2: Company Overview - Tianlong Co., Ltd. is a leading one - stop integrated solution provider for precision molds, injection molding, and assembly. It focuses on precision mold development, high - complexity injection molding processes, and automated assembly technology, aiming for "electronically integrated, precise, and lightweight" development [22] - About 85% of its revenue comes from automotive parts business, and its products are mainly used in automotive parts and electrical appliances [22] - Since its establishment in 2000, the company has established a national strategic layout with production bases in major industrial clusters in China and a new one in Thailand [22] - It currently has 10 wholly - owned subsidiaries and 3 branches [22] Group 3: Business Progress Xiaomi Automobile Supply - The company has product projects in the door system, lighting system, thermal management, and domain control areas for Xiaomi Automobile and will actively seek more projects [22] Thailand Production Base - The infrastructure of the Thailand production base is mostly completed, with most equipment in place and production starting. It will strive for more overseas orders [23] Automotive Electronics Business - The company focuses on developing highly integrated electronic products in the new energy vehicle's three - electric and intelligent networking fields. The electronic water pump business in thermal management products is stable, and the customized IGBT functional carrier module (without chips) is in mass production for both domestic and overseas markets [23] - It has developed new products such as fisheye connectors and BDU components and won customer project approvals [24] Business with Nidec - Nidec is one of the company's key customers, and they have cooperation in the motor parts field [24] Fisheye Terminal Product - Fisheye terminals can achieve electromechanical interconnection without welding, with advantages such as low contact resistance. The company has developed multiple specifications since 2023 and is exploring new markets [24] PEEK Material Application - The company uses PEEK material in individual new automotive electronic parts projects, mainly in the automotive braking system [24] Group 4: Company Advantages and Future Plans Competitive Advantages - The company is a leading one - stop integrated solution provider in precision manufacturing, focusing on global leading customers, participating in early - stage product design, and providing cost - competitive, high - quality products and fast - response services [25] Future Plans - The company will focus on developing highly integrated electronic components in the new energy vehicle's three - electric fields [22] - It will pay attention to changes in the industry and customer - side business, seeking potential cooperation opportunities in emerging industries such as humanoid robots [25]