Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting potential growth opportunities in the sector [10][42]. Core Insights - The logistics robot production by ByteDance has exceeded 1,000 units, indicating a significant growth trajectory with over 100% year-on-year increase in production [4]. - Tesla's Q2 2025 global deliveries reached 384,122 units, showing a quarter-on-quarter improvement of 14.09%, despite a year-on-year decline of 13.48% [5][7]. - The report emphasizes that 2025 is a pivotal year for robot application scenarios, suggesting that companies with platform-based layouts will have competitive advantages [5]. Summary by Sections Market Performance - The automotive sector's performance in the A-share market showed a 0.2% increase, lagging behind the broader market by 1.3 percentage points [15]. - The automotive industry PE (TTM) stands at 35.3, placing it in the 50.2% percentile over the past four years [24]. Industry Data Tracking and Commentary - In June 2025, the average daily retail of passenger cars reached 9.5 million units, reflecting a year-on-year growth of 3% [36]. - The wholesale statistics for June indicated a total of 247.3 million units, with a year-on-year increase of 14% [37]. Recommended Stocks - The report recommends several companies based on their potential in the humanoid robot and automotive sectors, including: - Shuanglin Co., Ltd. (300100.SZ) with a projected EPS of 1.24 for 2024 and a "Buy" rating [10]. - Leadrick (300652.SZ) with a projected EPS of 1.22 for 2024 and a "Buy" rating [10]. - Jianghuai Automobile (600418.SH) with a projected EPS of 0.12 for 2024 and a "Buy" rating [10]. Company Announcements and Industry News - The establishment of a joint venture by Baolong Technology to develop active suspension systems, indicating strategic moves in the automotive technology space [45]. - CATL's battery joint venture in Indonesia is set to produce 15 GWh of batteries, supporting the electric vehicle market [50].

□ 本报记者李源李鑫津 通讯员戴家军 盛夏时节，扬州江都高新区重大项目建设现场塔吊林立、机器轰鸣，一派热火朝天的施工景象。作为江 都经济发展的主阵地之一，高新区以"拼抢实"的作风全力推进重大项目建设，博恒新材料、派莱特光学 等一批战略性新兴产业项目取得突破性进展。值得一提的是，在胡润研究院刚刚发布的《2025全球独角 兽榜》上，扬州两家企业入选，来自高新区的纳力新材料首次登榜。 5月9日，江都高新区获省政府批复正式"去筹转正"。一字之变背后，是传统产业"老树新花"、新兴产 业"聚链成群"、未来产业"抢滩布局"的澎湃交响，更是当地"无事不扰、有事必应"营商环境的坚实托 举。江都区委书记朱莉莉表示，"省级高新区不是终点，而是以'高'立标、以'新'破局的新起点。我们要 让每一寸土地都成为创新的土壤，让每一个企业都能在这片沃土上拔节生长。" 扬州博恒新能源材料科技有限公司的车间里，全球首条新能源材料专用超薄增强薄膜生产线近日正式投 产。"这条线打破国外对高端新能源基膜的垄断，产品能让锂电池更轻、更安全。"公司副总经理缪金焕 难掩激动。而就在投产前一周，企业还因设备试产急需《工业产品生产许可证》而焦虑，江都高新区管 委 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2025-032 江苏嵘泰工业股份有限公司 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法律责任。 份 ? 每股分配比例，每股转增比例 A 股每股现金红利0.15元 每股转增股份0.3股 ? 相关日期 新增无限售 现金红利发 股份类别 股权登记日 最后交易日 除权（息）日 条件流通股 放日 份上市日 重要内容提示： ? 江苏嵘泰工业股份有限公司（以下简称"公司"）不存在首发战略配售股 本次利润分配及转增股本以方案实施前的公司总股本217,543,532股为基数， 每股派发现金红利0.15元（含税），以资本公积金向全体股东每股转增0.3股，共 计派发现金红利 32,631,529.8 元，转增 65,263,060 股，本次分配后总股本为 尾差，系取整数所致）。 三、 相关日期 新增无限售 现金红利发 股份类别 股权登记日 最后交易日 除权（息）日 条件流通股 放日 份上市日 Ａ股 2025/7/10 － 2025/7/11 2025/7/11 2025/7/11 Ａ股 2025/7 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2025-032 每股转增股份0.3股 相关日期 | | | | | 新增无限售 | 现金红利发 | | --- | --- | --- | --- | --- | --- | | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 条件流通股 | 放日 | | | | | | 份上市日 | | | Ａ股 | 2025/7/10 | － | 2025/7/11 | 2025/7/11 | 2025/7/11 | 江苏嵘泰工业股份有限公司 2024年年度权益分派实施公告 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法律责任。 重要内容提示： 江苏嵘泰工业股份有限公司（以下简称"公司"）不存在首发战略配售股 份 每股分配比例，每股转增比例 A 股每股现金红利0.15元 差异化分红送转： 否 一、 通过分配、转增股本方案的股东大会届次和日期 本次利润分配及转增股本方案经公司2025 年 5 月 21 日的2024年年度股东大会 审议通过。 二、 分配、转增股本方案 1. 发放 ...

Summary of Rongtai Co., Ltd. Conference Call Company Overview - Rongtai Co., Ltd. is primarily engaged in the production of steering gear aluminum die-casting, with a global market share of approximately 20% and a stable gross margin of around 26% [2][5][9]. Financial Performance and Projections - For 2024, Rongtai expects revenue of 3.2 billion yuan, an increase of nearly 800 million yuan from the previous year, with net profit margins projected to rise to about 8%, corresponding to a net profit of 250-270 million yuan [2][9]. - The company anticipates an overall growth rate of 80-90% in 2025, driven by its core business and new projects [3][9]. - The Mexican factory is expected to generate a revenue of 600-700 million yuan in 2024, with a capacity utilization rate exceeding 80% [3][6]. Business Segments and Contributions - The steering gear segment is the largest contributor, with plans to develop planetary roller screws for electronic mechanical braking systems (EMB) and expand into steer-by-wire (SBW) systems [4][15]. - The three-electric system is projected to contribute around 400 million yuan to revenue in 2024, accounting for about half of total revenue [4][16]. Strategic Partnerships and Collaborations - Rongtai collaborates with Jiangsu Runfu Power and Hebei Lizhun to enhance production efficiency and reduce costs in the robot housing and screw business [7][26]. - The partnership with Runfu focuses on developing specialized screw equipment, which is crucial for the production of planetary roller screws [21][22]. Market Trends and Industry Dynamics - The increasing demand for lightweight materials in the electric vehicle sector is beneficial for the aluminum die-casting business, as aluminum is increasingly replacing traditional steel [14]. - The penetration of electric vehicles is expected to drive the demand for lightweight components, aligning with Rongtai's product offerings [14]. Risk Management and Strategic Positioning - The Mexican factory helps mitigate risks associated with direct exports from China to the U.S., providing a more controlled risk exposure [6][17]. - The company emphasizes selecting Tier 1 international suppliers to ensure profit protection rather than blindly expanding revenue [10]. Future Outlook and Development Plans - Rongtai plans to establish a southern factory dedicated to producing threaded equipment and aims to introduce external threaded equipment by the end of the year [29]. - The company is expected to achieve a production capacity of 100,000 screws this year, supported by the acquisition of Hebei Lizhun [29]. Recent Developments and Market Position - The company has made significant progress in the North American market, particularly in the screw sector, and is actively supplying components for Tesla's Cybertruck and Cybercab [20]. - The expected production of Tesla robots is projected to reach 50,000 units, leading to a demand for approximately 700,000 screws [23]. Conclusion - Rongtai Co., Ltd. is positioned for substantial growth in the coming years, driven by strategic partnerships, market trends favoring lightweight materials, and a focus on high-margin projects. The company's proactive approach to risk management and capacity expansion will be critical in navigating the evolving automotive landscape [30].

Group 1 - The core viewpoint of the report is that the demand for ball screws will increase due to the rise in domestic high-end machine tool and equipment production, as well as the development of the electric vehicle sector and humanoid robots [1][2] - Ball screws are a critical linear motion component with high technical barriers, and the domestic production rate is lower compared to other core components [1] - The report recommends specific companies such as Fuda Co., Ltd. (603166.SH) and Beite Technology (603009.SH), while also suggesting to pay attention to Shuanglin Co., Ltd. (300100.SZ), Wuzhou Xinchun (603667.SH), Rongtai Co., Ltd. (605133.SH), and Zhenyu Technology (300953.SZ) [1] Group 2 - The humanoid robot market presents significant demand, with ball screws accounting for approximately 19% of the value of humanoid robots [2] - The potential market for planetary roller screws is expected to exceed 45 billion yuan by 2030, driven by the demand from humanoid robots [2] - European companies dominate the market, with significant room for domestic replacement, as major global manufacturers hold substantial market shares in China [2]

根据《关于上市公司实施员工持股计划试点的指导意见》《上海证券交易所 上市公司自律监管指引第 1 号——规范运作》等相关规定，现将本次员工持股计 划的实施进展情况公告如下： 关于 2025 年员工持股计划非交易过户完成的公告 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。 江苏嵘泰工业股份有限公司（以下简称"公司"）于 2025 年 5 月 9 日召开第 三届董事会第六次会议和第三届监事会第四次会议，并于 2025 年 5 月 21 日召开 2024 年年度股东大会，审议通过了《关于<公司 2025 年员工持股计划（草案）> 及其摘要的议案》《关于<公司 2025 年员工持股计划管理办法>的议案》等相关 议案，同意公司实施 2025 年员工持股计划（以下简称"本次员工持股计划"）。 具体内容详见公司分别于 2025 年 5 月 10 日、2025 年 5 月 22 日在上海证券交易 所网站（www.sse.com.cn）披露的相关公告 证券代码：605133 证券简称：嵘泰股份 公告编号：2025-031 江苏嵘泰工业股份 ...

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [1] Core Views - The long-term confidence in the humanoid robot industry remains unchanged, with a positive outlook on Tesla's humanoid robot supply chain [3][4] - Tesla's Robotaxi service has officially launched in Austin, Texas, marking a new phase in the commercialization of autonomous driving technology [6][7] Summary by Sections Industry Performance - The automotive sector underperformed the market, with a 1-month decline of 1.4% and a 3-month decline of 2.6%, while the 12-month performance showed a gain of 30.6% [2][14] - The overall market, represented by the CSI 300 index, increased by 2.6% over the same period [2] Humanoid Robots - The production progress of Tesla's Optimus is significantly influenced by technological innovation and supply chain factors [4] - The report emphasizes the importance of component manufacturers that can adapt to Tesla's evolving design requirements, recommending companies with strong technological capabilities and cost control [4][7] Robotaxi Launch - Tesla's Robotaxi service is currently operating with approximately 10 upgraded Model Y vehicles, charging a fixed rate of $4.2 per trip [6][7] - The service is in a verification phase for its business model, with plans to expand the fleet and service area in the future [6][7] Recommended Stocks - The report recommends several companies based on their potential in the humanoid robot and automotive sectors, including: - Dual Lin Co., Rongtai Co., and Kaidi Co. for their advantages in component manufacturing [7][41] - New Spring Co., Wencan Co., and Aikodi for their roles in the supply chain [7][41] - Recommended stocks also include Keite Co. and Jun Chuang Technology for their strategic positions in the market [7][41] Company Focus and Earnings Forecast - The report provides earnings forecasts for several companies, indicating a positive outlook with "Buy" ratings for: - Dual Lin Co. with an EPS forecast of 1.24 for 2024 and a PE ratio of 39.52 [9][43] - Leedick with an EPS forecast of 1.22 for 2024 and a PE ratio of 47.96 [9][43] - Jianghuai Automobile with an EPS forecast of 0.12 for 2024 and a PE ratio of 348.25 [9][43]

江苏嵘泰工业股份有限公司（以下简称"公司"）于 2025 年 6 月 24 日以现 场及通讯表决方式召开了 2025 年员工持股计划（以下简称"本次员工持股计划"） 第一次持有人会议，本次会议由董事会秘书张伟中先生召集和主持，出席本次会 议的持有人共计 46 人，代表本次员工持股计划份额 25,457,610 份，占本次员工 持股计划已认购总份额（不含预留部分）的 100%。本次会议的召集、召开和表 决程序符合相关法律法规、规范性文件及公司《2025 年员工持股计划》和《2025 年员工持股计划管理办法》的有关规定。 二、持有人会议审议情况 证券代码：605133 证券简称：嵘泰股份 公告编号：2025-030 江苏嵘泰工业股份有限公司 关于 2025 年员工持股计划第一次持有人会议决议公告 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、持有人会议召开情况 （二）审议通过了《关于选举公司 2025 年员工持股计划管理委员会委员的 议案》 为提高公司本次员工持股计划日常管理效率，持有人会议同意选举张伟中先 生、赵学东 ...

Group 1 - The Tesla concept sector experienced a decline of 0.89% with a capital outflow of 4,235.96 million [1] - A total of 45 stocks in the sector increased in value, while 157 stocks decreased [1] Group 2 - The top-performing stocks in the sector included Haike Xinyuan (20.0%), Nord Shares (10.04%), and Saiwu Technology (10.04%) [1] - Other notable gainers were Yanggu Huatai (9.11%), Shandong Weida (4.27%), and Puni Testing (3.9%) [1] Group 3 - The stocks with the largest declines included Gongzhi Tui (-84.93%), Longhua Group (-7.95%), and Sikan Technology (-7.17%) [1] - Significant capital outflows were observed in stocks such as Beite Technology (-6.63%) and Qianfeng Automotive (-5.44%) [1]