Investment Rating - The report maintains a "Recommended" rating for the automotive industry, indicating a positive outlook for investment opportunities [10]. Core Insights - The emergence of humanoid robots is leading a new wave of transformation in the automotive industry, with major automakers competing in this space [4]. - The report highlights the successful demonstration of multi-modal embodied robots at the recent Industrial Expo, showcasing advancements in robotics technology and its applications in various industrial settings [5][8]. - New vehicle launches are intensifying competition among mainstream automakers, with notable models introduced at the expo, including the SAIC Group's high-end and budget-friendly offerings, as well as Tesla's Model Y L [9]. Summary by Sections Investment Highlights - The humanoid robot sector presents new opportunities, with specific recommendations for companies involved in linear joint assemblies, screw rods, dexterous hands, reducers, sensors, and injection molded parts [10]. - Recommended companies include Rongtai Co., Shuanglin Co., and others, focusing on various components essential for humanoid robots [10]. Industry Performance - The automotive sector has shown strong relative performance over the past year, with a 32.8% increase compared to the Shanghai and Shenzhen 300 index [1][2]. Technological Innovations - The report emphasizes the advancements in robotics, such as the DOBOT ATOM humanoid robot, which utilizes reinforcement learning for efficient task execution in industrial environments [4]. - Innovations in multi-modal perception systems were showcased, demonstrating the capabilities of robots in real-time data processing and interaction [5]. Competitive Landscape - The report notes the competitive landscape with multiple new vehicle models launched, highlighting their specifications and market positioning [9].

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]

Core Points - The shareholder Tai'an Runyi Investment Partnership (Limited Partnership) has terminated its share reduction plan ahead of schedule and disclosed the results of the reduction [1] - The company had a total of 11,856,000 shares held by Tai'an Runyi, accounting for 4.19% of the total share capital before the reduction plan [1] - The reduction plan was initially announced on August 29, 2025, with a maximum intended reduction of 2,964,000 shares, or 1.05% of the total share capital [1] Summary by Sections Reduction Plan Details - The reduction period was from September 22, 2025, to September 24, 2025 [2] - A total of 2,827,600 shares were reduced through centralized bidding, representing 1% of the total shares [2] - The total amount from the reduction was 12,327.49 million yuan [2] Shareholder Information - The controlling shareholder, Xia Chengliang, has a concerted action relationship with Tai'an Runyi, holding a total of 155.6 million shares, which is 55.16% of the total shares before the reduction [2] - The remaining shares that were not reduced amount to 136,400 shares [2]

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。 安联中国精选混合A（021981）成立日期2024年9月3日，最新规模1.03亿。今年以来收益53.12%，同类 排名1025/8171；近一年收益81.7%，同类排名1108/8004；成立以来收益80.99%。 安联中国精选混合A（021981）基金经理为程彧。 截至发稿，程彧累计任职时间8年323天，现任基金资产总规模1.26亿元，任职期间最佳基金回报 80.99%， 任职期间最差基金回报9.1%。 9月26日，嵘泰股份跌5.02%，截至发稿，报40.10元/股，成交2.74亿元，换手率2.79%，总市值113.41亿 元。嵘泰股份股价已经连续3天下跌，区间累计跌幅6.39%。 资料显示，江苏嵘泰工业股份有限公司位于江苏省扬州市江都区仙城工业园乐和路8号，成立日期2000 年6月15日，上市日期2021年2月24日，公司主营业务涉及铝合金精密压铸件的研发、生产与销售。主营 业务收入构成为：汽车类81.14%，模具类8. ...

9月26日，嵘泰股份跌5.02%，截至发稿，报40.10元/股，成交2.74亿元，换手率2.79%，总市值113.41亿 元。嵘泰股份股价已经连续3天下跌，区间累计跌幅6.39%。 责任编辑：小浪快报 富荣福锦混合A（005164）成立日期2018年3月16日，最新规模731.7万。今年以来收益23.94%，同类排 名4056/8171；近一年收益84.51%，同类排名987/8004；成立以来收益164%。 富荣福锦混合A（005164）基金经理为李延峥、毛运宏。 截至发稿，李延峥累计任职时间4年102天，现任基金资产总规模2.88亿元，任职期间最佳基金回报 79.57%， 任职期间最差基金回报-31.03%。 毛运宏累计任职时间121天，现任基金资产总规模4442.41万元，任职期间最佳基金回报29.07%， 任职 期间最差基金回报29.02%。 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。 资料显示，江苏嵘泰工业股份有限公司位于江苏省扬州市江都区仙城工业园乐和路8 ...

Core Viewpoint - Jiangsu Rongtai Industrial Co., Ltd. is set to list 41,008,651 restricted shares for trading on October 9, 2025, following a non-public offering to specific investors approved by the China Securities Regulatory Commission [1][2][4]. Group 1: Stock Issuance and Changes - The total number of shares after the issuance will increase from 185,998,416 to 217,543,532 shares [2]. - Following a profit distribution plan approved on May 21, 2025, the total shares will further increase to 282,806,592 shares [3]. - The shares issued to specific investors will be subject to a six-month lock-up period from the issuance date [4]. Group 2: Compliance and Verification - The underwriter, Dongfang Securities Co., Ltd., confirmed that the stock issuance and the lifting of restrictions comply with relevant regulations and that the shareholders have adhered to their lock-up commitments [5]. Group 3: Shareholder Changes - On September 25, 2025, it was reported that shareholder Tai'an Runyi Investment Partnership reduced its holdings by 2,827,600 shares, representing 1% of the total shares, bringing its ownership down from 4.19% to 3.19% [10][14]. - The reduction in holdings did not trigger a change in the company's controlling shareholder or actual controller [11].

信息披露义务人四：泰安润奕投资合伙企业（有限合伙） 住所：山东省泰安市宁阳县文庙街道金阳商贸城物业楼 2 楼 220 号 通讯地址：山东省泰安市宁阳县文庙街道金阳商贸城物业楼 2 楼 220 号 权益变动性质：股份减少 签署日期：2025 年 9 月 25 日 江苏嵘泰工业股份有限公司 简式权益变动报告书 上市公司名称：江苏嵘泰工业股份有限公司 股票上市地点：上海证券交易所 股票简称：嵘泰股份 股票代码：605133 信息披露义务人一：珠海润诚投资有限公司 住所：珠海市香洲翠香路 93 号石泉苑 3 栋 1902 房 通讯地址：珠海市香洲翠香路 93 号石泉苑 3 栋 1902 房 权益变动性质：股份未变 信息披露义务人二：澳门润成国际有限公司 住所：澳门氹仔东北大马路聚龙第五座 3K 通讯地址：澳门氹仔东北大马路聚龙第五座 3K 权益变动性质：股份未变 信息披露义务人三：夏诚亮 住所：江苏省扬州市邗江区扬子江北路 508 号 通讯地址：江苏省扬州市邗江区扬子江北路 508 号 权益变动性质：股份未变 1 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》《上市公司收购管理办 法》《上海证券交 ...

Group 1 - The company Rongtai Co., Ltd. announced a non-public offering of shares, with a total of 41,008,651 shares to be listed [2] - The shares will be available for offline subscription, and the total number of shares for circulation is also 41,008,651 [2] - The listing date for the shares is set for October 9, 2025 [2]

证券代码：605133 证券简称：嵘泰股份 公告编号：2025-054 江苏嵘泰工业股份有限公司 股东提前终止减持计划暨减持股份结果公告 本公司董事会、全体董事及相关股东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法律责 任。 重要内容提示： 股东持股的基本情况 本次减持计划实施前，江苏嵘泰工业股份有限公司（以下简称"公司"）股 东泰安润奕投资合伙企业(有限合伙)（以下简称"泰安润奕"）持有公司无限售 条件流通股 11,856,000 股，占公司总股本的 4.19%。上述股份来源均为公司 IPO 前取得的股份。 减持计划的实施结果情况 公司于 2025 年 8 月 29 日披露《股东减持股份计划公告》（公告编号： 2025-048），泰安润奕因自身资金需求，拟于减持计划披露之日起 15 个交易日后 的 3 个月内通过集中竞价和大宗交易方式减持其所持有的公司股份，合计数量不 超过 2,964,000 股，即不超过公司总股本的 1.05%。 2025 年 9 月 25 日，公司收到股东泰安润奕发来的《关于减持股份计划提前 终止暨减持结果的告知函》，泰安润奕自 ...

江苏嵘泰工业股份有限公司 简式权益变动报告书 上市公司名称：江苏嵘泰工业股份有限公司 股票上市地点：上海证券交易所 股票简称：嵘泰股份 股票代码：605133 信息披露义务人一：珠海润诚投资有限公司 住所：珠海市香洲翠香路 93 号石泉苑 3 栋 1902 房 通讯地址：珠海市香洲翠香路 93 号石泉苑 3 栋 1902 房 权益变动性质：股份未变 信息披露义务人二：澳门润成国际有限公司 住所：澳门氹仔东北大马路聚龙第五座 3K 通讯地址：澳门氹仔东北大马路聚龙第五座 3K 权益变动性质：股份未变 信息披露义务人三：夏诚亮 住所：江苏省扬州市邗江区扬子江北路 508 号 通讯地址：江苏省扬州市邗江区扬子江北路 508 号 权益变动性质：股份未变 信息披露义务人四：泰安润奕投资合伙企业（有限合伙） 住所：山东省泰安市宁阳县文庙街道金阳商贸城物业楼 2 楼 220 号 通讯地址：山东省泰安市宁阳县文庙街道金阳商贸城物业楼 2 楼 220 号 权益变动性质：股份减少 签署日期：2025 年 9 月 25 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》《上市公司收购管理办 法》《上海证券交易所 ...