10月15日，旭升集团涨5.05%，截至发稿，报16.43元/股，成交5.61亿元，换手率3.61%，总市值160.78 亿元。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间6年344天，现任基金资产总规模949.76亿元，任职期间最佳基金回报 187.98%， 任职期间最差基金回报-15.93%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，宁波旭升集团股份有限公司位于浙江省宁波市北仑区沿山河南路68号，成立日期2003年8月 25日，上市日期2017年7月10日，公司主营业务涉及精密铝合金零部件的研发、生产与销售,并专注于为 客户提供汽车轻量化的解决方案。主营业务收入构成为：汽车类81.35%，其他类14.23%，工业类 1.99%，模具类1.49%，其他(补充)0.94%。 从旭升集团十大流通股东角度 数据显示，南方基金旗下1只基金位居旭升集团十大流通股东。南方中证1000ETF（512100） ...

Core Viewpoint - As of October 15, 2023, Xusheng Group's stock price increased by 2.05%, reaching 15.96 CNY per share, with a total market capitalization of 15.618 billion CNY. The company has experienced a year-to-date stock price increase of 24.98% but has seen a decline of 12.07% over the past five trading days [1]. Financial Performance - For the first half of 2025, Xusheng Group reported a revenue of 2.096 billion CNY, a year-on-year decrease of 2.47%. The net profit attributable to shareholders was 201 million CNY, down 24.22% compared to the previous year [2]. - Since its A-share listing, Xusheng Group has distributed a total of 1.002 billion CNY in dividends, with 657 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Xusheng Group was 59,900, an increase of 6.00% from the previous period. The average number of circulating shares per shareholder was 15,927, a decrease of 5.66% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 13.8746 million shares, a decrease of 2.1424 million shares from the previous period. New shareholder Southern CSI 1000 ETF held 4.3898 million shares [3]. Business Overview - Xusheng Group, established on August 25, 2003, and listed on July 10, 2017, is located in Ningbo, Zhejiang Province. The company specializes in the research, production, and sales of precision aluminum alloy components, focusing on lightweight automotive solutions. The revenue composition is as follows: automotive 81.35%, others 14.23%, industrial 1.99%, molds 1.49%, and other supplementary 0.94% [1].

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

| 证券代码：603305 | 证券简称：旭升集团 | | 公告编号：2025-065 | | --- | --- | --- | --- | | 债券代码：113685 | 债券简称：升 24 | 转债 | | 宁波旭升集团股份有限公司 关于签订募集资金专户存储监管协议的公告 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个别及连带责任。 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意宁波旭升集团股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可[2024]764 号），公 司获准向不特定对象发行面值总额为人民币 280,000.00 万元的可转换公司债券， 期限 6 年。公司本次发行可转换公司债券应募集资金 280,000.00 万元，实际募集 资金 280,000.00 万元，扣除保荐承销费及其他发行相关费用合计(不含税)人民币 833.93 万元后，实际募集资金净额为人民币 279,166.07 万元。上述募集资金已于 2024 年 6 月 20 日全部到位，中汇会计师事务所（特殊普通合伙）已进 ...

| 证券代码：603305 | 证券简称：旭升集团 | | 公告编号：2025-064 | | --- | --- | --- | --- | | 债券代码：113685 | 债券简称：升 24 | 转债 | | 宁波旭升集团股份有限公司 关于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个别及连带责任。 重要内容提示： 一、可转债发行上市概况 根据中国证券监督管理委员会出具的《关于同意宁波旭升集团股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可[2024] 764 号），宁 波旭升集团股份有限公司（以下简称"公司"）于 2024 年 6 月 14 日向不特定对 象发行面值总额为人民币 280,000.00 万元的可转换公司债券，期限 6 年。 经上海证券交易所自律监管决定书[2024]90 号文同意，公司本次发行的 280,000.00 万元可转换公司债券于 2024 年 7 月 10 日起在上海证券交易所挂牌交 易，债券简称"升 24 转债"，债券代码"113685"。 二、可转债本次 ...

Industry Overview - The automotive die-casting industry involves the use of die-casting technology to produce metal components for vehicles, utilizing materials such as aluminum, zinc, and magnesium [1][11] - The industry's growth is driven by the rapid rise of the automotive sector, particularly in electric vehicles, with increasing demand for lightweight and energy-efficient components [1][11] - China's automotive die-casting market is projected to grow from 18.988 billion yuan in 2017 to 26.429 billion yuan in 2024, with a compound annual growth rate (CAGR) of 4.84% [1][12] Industry Development History - The industry has evolved through three main phases: the initial phase from 1953 to 1981, the startup phase from 1982 to 2006, and the rapid development phase from 2007 to present [4][5] - The current phase is characterized by significant advancements in technology and production capabilities, with a focus on high-performance and high-precision die-casting products [4][11] Policy Support - Recent government policies have emphasized the importance of the die-casting industry, promoting advanced casting techniques and green manufacturing practices [6] - The National Development and Reform Commission issued guidelines to encourage the use of lightweight alloys and automation in die-casting processes [6] Industry Chain - The die-casting industry supply chain includes upstream raw materials (aluminum, magnesium, iron, zinc) and equipment (die-casting machines), with the manufacturing process occurring in the midstream and automotive manufacturing in the downstream [4][7] Market Trends - The industry is moving towards precision, customization, lightweighting, and green manufacturing as key trends [14][15][17][18] - Precision die-casting is increasingly important to meet the stringent requirements of automotive components, while customization allows for tailored solutions to meet diverse client needs [14][15] - Lightweight materials are being adopted to enhance fuel efficiency and performance, particularly in electric vehicles [17] - Environmental sustainability is becoming a core focus, with efforts to reduce carbon footprints through the use of recycled materials and cleaner production methods [18] Key Companies - Major players in the automotive die-casting industry include Top Group, Guangdong Hongtu, Aikodi, and BYD, which are expanding their capabilities in both traditional and new energy vehicle sectors [2][12] - Guangdong Hongtu's die-casting business has gained global recognition, focusing on lightweight aluminum products and comprehensive solutions for automotive manufacturers [12][13]

Investment Rating - The report maintains a "Buy" rating for the recommended stocks in the consumer sector, indicating a positive outlook for their performance over the next 12 months [10][11][12][13][16][21][22]. Core Insights - The report highlights nine advantageous sectors within the consumer industry, including agriculture, retail, social services, automotive, textiles and apparel, light industry, food, home appliances, and pharmaceuticals, with specific stock recommendations for each sector [3][6]. - The recommended stocks are expected to benefit from various growth drivers, including market expansion, product innovation, and operational efficiency improvements [10][11][12][13][16][21][22]. Summary by Sector Agriculture - Recommended Stock: Muyuan Foods (牧原股份) - Expected net profits for 2025-2027 are projected at 227.9 billion, 413.8 billion, and 447.7 billion respectively, with corresponding PE ratios of 13, 7, and 6 [10][25]. Retail - Recommended Stock: Shangmei Co., Ltd. (上美股份) - Expected net profits for 2025-2027 are projected at 10.9 billion, 13.6 billion, and 16.4 billion respectively, with corresponding PE ratios of 33, 27, and 22 [11][25]. Social Services - Recommended Stock: Core International (科锐国际) - Expected net profits for 2025-2027 are projected at 2.95 billion, 3.68 billion, and 4.60 billion respectively, with corresponding PE ratios of 20, 16, and 13 [12][25]. Automotive - Recommended Stock: Xusheng Group (旭升集团) - Expected net profits for 2025-2027 are projected at 4.6 billion, 6.2 billion, and 7.7 billion respectively, with corresponding PE ratios of 39, 29, and 23 [13][25]. Textiles and Apparel - Recommended Stock: Bosideng (波司登) - Expected net profits for 2025-2027 are projected at 39.3 billion, 43.5 billion, and 47.5 billion respectively, with corresponding PE ratios of 12, 11, and 10 [16][25]. Light Industry - Recommended Stock: Pop Mart (泡泡玛特) - Expected net profits for 2025-2027 are projected at 2.35 billion, 8.38 billion, and 12.19 billion respectively, with corresponding PE ratios of 35.7, 31.6, and 21.9 [17][25]. Food - Recommended Stock: Qianhe Flavoring (千禾味业) - Expected net profits for 2025-2027 are projected at 0.50 billion, 0.42 billion, and 0.53 billion respectively, with corresponding PE ratios of 24.1, 26.9, and 21.4 [18][25]. Home Appliances - Recommended Stock: Roborock (石头科技) - Expected net profits for 2025-2027 are projected at 20.47 billion, 28.87 billion, and 34.24 billion respectively, with corresponding PE ratios of 26, 19, and 16 [21][25]. Pharmaceuticals - Recommended Stock: Junshi Biosciences (君实生物) - Expected net profits for 2025-2027 are projected at -1.30 billion, -0.91 billion, and -0.34 billion respectively, with a PE ratio of 66.3 for 2027 [22][25].

| 证券代码：603305 | 证券简称：旭升集团 | | 公告编号：2025-063 | | --- | --- | --- | --- | | 债券代码：113685 | 债券简称：升 24 | 转债 | | 宁波旭升集团股份有限公司 关于"升 24 转债"预计满足赎回条件的提示性公告 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个别及连带责任。 重要内容提示： ●宁波旭升集团股份有限公司（以下简称"公司"）股票自2025年9月16日 至2025年9月29日，已有十个交易日的收盘价格不低于"升24转债"当期转股价 格12.51元/股的130%（含16.26元/股）。若未来连续二十个交易日内，公司股票 有五个交易日的收盘价不低于16.26元/股，将会触发"升24转债"的有条件赎回 条款，届时公司根据《宁波旭升集团股份有限公司公开发行可转换公司债券募集 说明书》（以下简称"《募集说明书》"）的约定，董事会将有权决定是否按照 债券面值加当期应计利息的价格赎回全部或部分未转股的"升24转债"。 一、可转债发行上市概况 根据中国证券监督管理 ...

Core Viewpoint - As of September 29, 2023, Xusheng Group's stock price has shown significant growth, with a year-to-date increase of 50.35% and a recent surge of 13.95% over the past five trading days, indicating strong market performance and investor interest [1]. Company Overview - Xusheng Group, established on August 25, 2003, and listed on July 10, 2017, is located in Ningbo, Zhejiang Province. The company specializes in the research, production, and sales of precision aluminum alloy components, focusing on providing lightweight solutions for the automotive industry [1]. - The revenue composition of Xusheng Group is as follows: automotive sector 81.35%, other sectors 14.23%, industrial sector 1.99%, mold sector 1.49%, and other supplementary income 0.94% [1]. Financial Performance - For the first half of 2025, Xusheng Group reported a revenue of 2.096 billion yuan, representing a year-on-year decrease of 2.47%. The net profit attributable to shareholders was 201 million yuan, down 24.22% compared to the previous year [2]. - Since its A-share listing, Xusheng Group has distributed a total of 1.002 billion yuan in dividends, with 657 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Xusheng Group increased to 59,900, with an average of 15,927 shares held per shareholder, a decrease of 5.66% from the previous period [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 13.8746 million shares, a decrease of 2.1424 million shares from the previous period. Additionally, Southern CSI 1000 ETF is a new entrant among the top shareholders, holding 4.3898 million shares [3].

Investment Rating - The industry investment rating is maintained as "Positive" [7] Core Insights - The launch of the Shangjie H5 model has seen significant pre-order success, with over 10,000 orders within the first hour and a total of 160,000 pre-orders, indicating strong market demand [3][12] - The U.S. has implemented a 15% tariff on EU automobiles, which may impact pricing and competitiveness in the market [13] - Chery Automobile has successfully listed on the Hong Kong Stock Exchange, raising approximately 9.14 billion HKD (around 8.38 billion RMB), marking it as the largest IPO in the Hong Kong market for the year [13] - Leap Motor has achieved a milestone of producing its 1 millionth vehicle in just 343 days, with revised sales targets for 2025 set between 580,000 to 650,000 units [14] - GAC Group is accelerating its European expansion, entering markets in Switzerland, Austria, Hungary, Slovenia, and Croatia [16] - The new brand "Qijing" by GAC and Huawei targets young consumers, focusing on smart driving and high-quality electric vehicles [15] Market Performance - The Shanghai and Shenzhen 300 Index increased by 1.07%, while the automotive sector saw a modest gain of 0.11%, ranking 6th among A-share industries [4][23] - The passenger vehicle index decreased by 1.18%, with companies like Seres and Changan leading the gains [4][26] - The commercial vehicle index fell by 2.15%, with Shuguang and Hanma Technology showing strong performance [4][30] - The automotive parts index rose by 1.10%, with New Coordinates and Kebo Da leading the sector [4][30] Investment Recommendations - For passenger vehicles, the demand for domestic high-end luxury cars is exceeding expectations, with recommendations for Jianghuai Automobile and Seres, while Geely is identified as a beneficiary [4] - In the automotive parts sector, profitability is expected to improve, with recommendations for Desay SV and Zhejiang Xiantong, and beneficiaries including Kebo Da, Huayu Automotive, and Fuyao Glass [4]