Investment Rating - The industry investment rating is "Overweight," indicating an expected outperformance of the industry index relative to the benchmark by more than 5% in the next six months [53]. Core Insights - The automotive parts sector saw a weekly increase of 3.37%, ranking second among the SW automotive sector, with a year-to-date increase of 47.4% since the beginning of 2025 [2][19]. - The robotics sector experienced a weekly rise of 3.74%, with a year-to-date increase of 68.14% since the beginning of 2025, outperforming the automotive parts sector by 0.37% [2][27]. - Key developments include the announcement of a 7.8 billion yuan contract for Xusheng Group with a North American new energy manufacturer, expected to start production by the end of 2026 [2][42]. - Notable stock performances this week include Xusheng Group (+18.05%), Xinquan Co. (+16.17%), and Hengshuai Co. (+13.24%) [2][42]. Summary by Sections Automotive Parts Sector Weekly Review - The automotive parts sector ranked second in the SW automotive index this week, with a performance of +3.37% [19]. - The sector's PE (TTM) is at 1.3 times that of the entire A-share market, and its PB (LF) is at 1.5 times, indicating a strong valuation relative to the market [25]. - The sector's PE has increased by 8.75 times and PB by 0.74 times since the beginning of 2025 [25]. Robotics Sector Weekly Review - The robotics index increased by 3.74% this week, with a year-to-date performance of +68.14% since the beginning of 2025 [27]. - The latest PE (TTM) for the robotics sector is at 1.39 times that of the entire A-share market, with a PB (LF) at 1.90 times [37]. - The sector's PE has risen by 5.53 times and PB by 0.64 times since the beginning of 2025 [37]. Key Stock Tracking - Core stocks in the automotive parts sector include Fuyao Glass, Top Group, and Junsheng Electronics, with recommendations based on EPS and PE dimensions [48]. - The report highlights the importance of focusing on structural opportunities in the automotive parts sector and certainty in the robotics sector, particularly with upcoming product launches and market applications [2][48].

Group 1 - Several companies, including Haoshi Electromechanical, Chaojie Co., and Huada Technology, reached new highs during trading [1] - Xusheng Group experienced a limit-up increase [1] - Other companies such as Jizhi Co., Kailong High-tech, Jinfat Technology, Wanxiang Qianchao, and Jinbo Co. also saw gains [1]

Market Performance - The automotive parts sector increased by 1.4% on January 9, with Xusheng Group leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Top Gainers in Automotive Parts Sector - Xusheng Group (603305) closed at 19.10, up 10.02% with a trading volume of 730,500 shares and a transaction value of 1.379 billion [1] - New Spring Co., Ltd. (603179) closed at 85.83, up 10.00% with a trading volume of 324,100 shares and a transaction value of 2.630 billion [1] - Fosa Technology (301529) closed at 132.00, up 8.56% with a trading volume of 37,500 shares and a transaction value of 483 million [1] Decliners in Automotive Parts Sector - Suoling Co., Ltd. (002766) closed at 6.74, down 6.39% with a trading volume of 1,453,700 shares and a transaction value of 1.003 billion [2] - Zhejiang Shibao (002703) closed at 25.31, down 5.10% with a trading volume of 1,326,000 shares and a transaction value of 3.428 billion [2] - Moulding Technology (000700) closed at 14.20, down 4.18% with a trading volume of 1,243,600 shares and a transaction value of 1.782 billion [2] Capital Flow Analysis - The automotive parts sector experienced a net outflow of 2.44 billion from main funds, while retail investors saw a net inflow of 3.335 billion [2] - The main funds showed a significant outflow from Xusheng Group and Wanhua Qianchao, with net outflows of 2.12 billion and 2.81 billion respectively [3] - Retail investors had a net inflow into Xusheng Group of 1.64 billion, indicating strong retail interest despite the overall outflow [3]

1月9日，A股市场商业航天板块继续飙升，其中，震有科技、国科军工、信科移动、邵阳液压20CM涨 停，旭升集团、巨力索具、航天科技、中衡设计、航天电子、国机精工、云南锗业、江顺科技、安泰科 技、东方钽业、金风科技、神开股份、中国一重等10CM涨停。 最新消息，广州市人民政府办公厅发布《广州市加快建设先进制造业强市规划(2024—2035年)》提出， 到2035年，打造具有全球影响力的中国商业航天新一极。涌现一批商业航天领域骨干企业，产业规模进 一步壮大。《规划》提到，聚焦攻关可重复使用火箭技术，依托从化商业火箭液体动力系统试验中心及 总装测试产业化基地，为中大型液体火箭研制提供坚实基础，未来将面向全国科研院所、企业和高校等 开放共享。推动南沙中科宇航液体火箭总装测试基地建设和黄埔星河动力火箭总装基地尽快落地，研发 大推力、可复用液体火箭，打造低成本、高密度的航天发射能力。除火箭外，《规划》支持鼓励广州市 高校及企业开展"五羊系列星座""大湾智通"等卫星星座建设，服务国家战略的同时，牵引卫星制造、火 箭发射、卫星运营和应用产业发展，推动商业航天人才、资本和企业集聚广州，构建完整商业航天产业 生态。 | 代码 | ...

Group 1 - The core viewpoint of the news is that Xusheng Group's stock price increased by 7.6% to 18.68 CNY per share, with a trading volume of 144 million CNY and a turnover rate of 0.69%, resulting in a total market capitalization of 21.589 billion CNY [1] - Xusheng Group, established on August 25, 2003, and listed on July 10, 2017, is located in Ningbo, Zhejiang Province, and 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) 0.94% [1] Group 2 - Among the top ten circulating shareholders of Xusheng Group, a fund under AVIC Fund ranks first, with the AVIC Trend Leading Mixed Fund A (021489) newly entering the top ten shareholders in the third quarter, holding 2.6497 million shares, accounting for 0.27% of the circulating shares [2] - The AVIC Trend Leading Mixed Fund A (021489) was established on June 18, 2024, with a latest scale of 259 million CNY, and has achieved a year-to-date return of 1.2%, ranking 6438 out of 8827 in its category; over the past year, it has returned 101.14%, ranking 156 out of 8084; and since inception, it has returned 186.81% [2] Group 3 - The fund manager of AVIC Trend Leading Mixed Fund A (021489) is Wang Sen, who has a cumulative tenure of 2 years and 106 days, with the fund's total asset scale at 2.85 billion CNY; during his tenure, the best fund return was 183.41%, while the worst was 4.77% [3]

证券日报网讯 1月7日，旭升集团发布公告称，近日，公司收到中汇会计师事务所（特殊普通合伙） （简称"中汇"）发来的《关于变更签字会计师的告知函》。中汇作为公司2025年财务及内部控制审计机 构，原委派徐德盛为项目合伙人，柳佳彬为签字注册会计师为公司提供审计服务。因内部工作调整，指 派赵潇熠接替柳佳彬作为公司2025年度审计项目的签字注册会计师。变更后签字注册会计师为徐德盛、 赵潇熠。 （文章来源：证券日报） ...

关于变更签字注册会计师的公告 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。 宁波旭升集团股份有限公司（以下简称"公司"）于2025年4月24日、2025 年5月15日分别召开第四届董事会第七次会议、2024年年度股东大会，审议通过 了《关于续聘会计师事务所的议案》，同意续聘中汇会计师事务所（特殊普通合 伙）（以下简称"中汇"）作为公司2025年财务及内部控制审计机构。具体内容 详见公司于2025年4月25日披露于上海证券交易所网站（www.sse.com.cn）及指 定媒体的《关于续聘会计师事务所的公告》（公告编号：2025-016）。近日，公 司收到中汇会计师事务所发来的《关于变更签字会计师的告知函》，具体情况公 告如下： 一、本次签字会计师变更的基本情况 中汇作为公司 2025 年财务及内部控制审计机构，原委派徐德盛为项目合伙 人，柳佳彬为签字注册会计师为公司提供审计服务。因内部工作调整，指派赵潇 熠接替柳佳彬作为公司 2025 年度审计项目的签字注册会计师。变更后签字注册 会计师为徐德盛、赵潇熠。 证券代码：60 ...

Group 1 - The core viewpoint of the news is that Xusheng Group's stock has experienced fluctuations, with a recent decline of 2.07% and a total market value of 19.139 billion yuan [1] - As of January 7, Xusheng Group's stock price is 16.56 yuan per share, with a trading volume of 273 million yuan and a turnover rate of 1.42% [1] - The company has seen a year-to-date stock price increase of 2.35%, a 5-day increase of 1.47%, a 20-day increase of 23.58%, and a 60-day decrease of 6.91% [1] Group 2 - Xusheng Group's main business involves 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 others 0.94% [1] - As of September 30, the number of shareholders in Xusheng Group is 54,600, a decrease of 8.71% from the previous period, while the average circulating shares per person increased by 12.45% to 17,910 shares [2] Group 3 - For the period from January to September 2025, Xusheng Group achieved an operating income of 3.226 billion yuan, a year-on-year decrease of 1.48%, and a net profit attributable to shareholders of 300 million yuan, a decrease of 7.16% [2] - Since its A-share listing, Xusheng Group has distributed a total of 1.002 billion yuan in dividends, with 657 million yuan distributed in the last three years [3] - As of September 30, 2025, notable shareholders include Yongying Advanced Manufacturing Mixed Fund, which is the fourth largest shareholder with 18.4291 million shares, and Hong Kong Central Clearing Limited, which increased its holdings by 1.4737 million shares [3]

Core Viewpoint - As of January 6, 2025, Xusheng Group's stock increased by 3.11% with a trading volume of 1.603 billion yuan, indicating strong market interest and activity in the company's shares [1]. Financing and Trading Activity - On January 6, 2025, Xusheng Group had a financing buy-in amount of 185 million yuan and a financing repayment of 154 million yuan, resulting in a net financing buy of 31.45 million yuan [1]. - The total margin trading balance for Xusheng Group reached 848 million yuan, with the financing balance accounting for 4.32% of the circulating market value, which is above the 90th percentile of the past year [1]. - In terms of securities lending, Xusheng Group had a securities lending repayment of 1,700 shares and a securities lending sell of 3,100 shares, with a sell amount of 52,400 yuan based on the closing price [1]. Company Overview - Xusheng Group, established on August 25, 2003, and listed on July 10, 2017, is located in Ningbo, Zhejiang Province, and specializes in the research, production, and sales of precision aluminum alloy components, focusing on lightweight automotive solutions [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 0.94% [1]. Financial Performance - For the period from January to September 2025, Xusheng Group reported a revenue of 3.226 billion yuan, a year-on-year decrease of 1.48%, and a net profit attributable to shareholders of 300 million yuan, down 7.16% year-on-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 [2]. Shareholder Structure - As of September 30, 2025, Xusheng Group had 54,600 shareholders, a decrease of 8.71% from the previous period, with an average of 17,910 circulating shares per shareholder, an increase of 12.45% [2]. - Among the top ten circulating shareholders, Yongying Advanced Manufacturing Mixed Fund A is the fourth largest with 18.4291 million shares, while Hong Kong Central Clearing Limited is the fifth largest with 15.3483 million shares, having increased its holdings by 1.4737 million shares [3].

Core Viewpoint - The beginning of 2026 marks a significant year for economic development in China, with A-share listed companies actively engaging in various projects, signaling confidence and vitality for high-quality growth throughout the year [2]. Group 1: Investment and Project Announcements - Companies such as Qiaoyin Co. have won contracts for urban sanitation projects worth approximately 1.225 billion yuan, while Xusheng Group received a notification for a 7.8 billion yuan project from a North American electric vehicle manufacturer [2]. - Fulin Precision's subsidiary plans to invest 8.7 billion yuan in a project to produce 500,000 tons of high-end lithium iron phosphate for energy storage [2][4]. - Guizhou Tire announced plans to invest 299 million USD in a tire manufacturing project in Morocco, expected to generate annual sales of 183 million USD and profits of approximately 40.87 million USD [3]. - New materials and energy sectors are seeing significant investments, with companies like Dongfang Zircon and Fulin Precision expanding their production capabilities in battery-grade materials [4]. Group 2: Order Wins and Market Expansion - A-share companies are securing large orders across various sectors, including infrastructure and new energy, reflecting the vitality of these industries [5]. - Jingong Steel Construction won a bid for a project in Hangzhou worth 824 million yuan, marking a strategic shift towards total contracting [6]. - Xusheng Group, a core supplier for Tesla, received a long-term contract worth approximately 7.8 billion yuan for supplying components, indicating strong recognition of its capabilities [6]. Group 3: Production and Operational Updates - Companies are entering a phase of production and operational ramp-up, with several projects moving into the production stage [8]. - Zhongmin Resources announced the completion of a project to upgrade its lithium salt production line, increasing its annual capacity to 71,000 tons [8]. - Precision Technology successfully launched its first carbon fiber production line, marking a significant step in domestic production capabilities [8].