证券日报网讯 9月15日晚间，山子高科发布公告称，公司股票连续两个交易日（2025年9月12日、9月15 日）收盘价格涨幅偏离值累计达到20%，属于股票交易异常波动的情形。经核实，公司已披露的信息不 存在需要补充、更正之处；近期，公司不存在公共传媒报道了可能或已经对公司股票交易价格产生较大 影响的未公开重大信息，且公司不存在前期披露信息需要更正、补充之处；近期，公司经营情况及内外 部经营环境不存在或预计将要发生重大变化。 （文章来源：证券日报） ...

Core Viewpoint - The article discusses the evolution of Tesla's manufacturing philosophy under CEO Elon Musk and the recent shift in focus towards robotics and other ventures, as well as the departure of key personnel like Drew Baglino and Zhu Renjie, who were instrumental in Tesla's manufacturing success. The narrative highlights the challenges and opportunities in the automotive industry, particularly in the context of efficiency and innovation in manufacturing processes [4][5][6]. Group 1: Tesla's Manufacturing Philosophy - The automotive industry has historically evolved through advancements in manufacturing efficiency, with Tesla being a key player in this transformation by treating factories as products themselves [4][6]. - Under Musk's leadership, Tesla has pursued aggressive innovations in production techniques, such as integrated die-casting and the Unboxed Assembly Process, aimed at maximizing production efficiency [4][6][7]. - Zhu Renjie, a former key figure at Tesla, emphasized the importance of simplicity in manufacturing processes, advocating for a design philosophy that prioritizes efficiency and minimalism [6][10]. Group 2: Recent Changes at Tesla - In 2024, Tesla experienced significant upheaval, including the layoff of 14,000 employees and the departure of key executives, leading to speculation about Musk's waning interest in electric vehicle manufacturing [4][5]. - The cancellation of the "Model 2" project, which was intended to utilize new manufacturing techniques, has raised concerns about the company's future direction and commitment to traditional vehicle production [5][14]. - Zhu Renjie expressed regret over the cancellation of new vehicle projects, indicating a desire to continue exploring innovative manufacturing methods that were halted [13][14]. Group 3: Zhu Renjie's New Venture - Zhu Renjie has transitioned to become the CEO of a new automotive company, Shan Zi You Qian, which aims to create a highly efficient manufacturing environment from scratch, focusing on simplicity and cost-effectiveness [10][30]. - The first product from Shan Zi You Qian is planned to be an affordable range-extended vehicle priced around $10,000, targeting the underserved market segment [11][36]. - Zhu's vision for the new company includes a commitment to reducing complexity in manufacturing and ensuring that the production process is as efficient as possible, reflecting his experiences at Tesla [10][40]. Group 4: Industry Challenges and Opportunities - The automotive industry faces significant challenges in balancing cost, efficiency, and consumer expectations, particularly in the context of rising competition and technological advancements [38][39]. - Zhu Renjie believes that the key to success lies in understanding consumer needs and simplifying the manufacturing process to achieve cost reductions without compromising quality [36][38]. - The article highlights the potential for innovation in the automotive sector, particularly through the adoption of new materials and manufacturing techniques that could redefine production standards [49][50].

Core Viewpoint - The article discusses the evolution of Tesla's manufacturing philosophy under CEO Elon Musk and the recent shift in focus towards robotics and other ventures, as evidenced by the departure of key personnel and the cancellation of new vehicle projects like the "Model 2" [3][4][11]. Group 1: Tesla's Manufacturing Philosophy - Tesla has historically prioritized manufacturing efficiency, with innovations such as integrated die-casting and the Unboxed Assembly Process aimed at reducing production time [2][4]. - The company’s approach to manufacturing is likened to creating a "machine that builds the machine," emphasizing the importance of production systems as products themselves [2][22]. - The Shanghai factory achieved a remarkable production rate of one Model Y every 35 seconds, showcasing Tesla's commitment to efficiency [25][43]. Group 2: Leadership Changes and Future Directions - In 2024, Tesla faced significant upheaval, including the layoff of 14,000 employees and the departure of key executives, leading to speculation about Musk's waning interest in electric vehicles [3][4]. - Drew Baglino, a key figure in Tesla's management, left the company, further indicating a shift in focus away from traditional automotive manufacturing [3][4]. - Former Tesla manufacturing director Zhu Renjie has transitioned to lead a new venture, Shan Zi You Qian, aiming to create a highly efficient automotive manufacturing process from scratch [7][8]. Group 3: New Ventures and Market Strategy - Shan Zi You Qian plans to produce a low-cost vehicle priced around $10,000, targeting the underserved market segment in China [8][33]. - The company aims to simplify manufacturing processes and reduce component counts to achieve cost efficiency, aligning with Musk's original vision for Tesla [33][37]. - Zhu Renjie emphasizes the importance of creating a manufacturing system that is not only efficient but also humane, aiming to reduce the labor intensity for workers [9][37]. Group 4: Challenges and Innovations - The article highlights the challenges of maintaining quality while pursuing aggressive efficiency goals, as seen in the early production issues with the Cybertruck [47]. - Innovations such as using stainless steel for vehicle bodies are explored, which could streamline manufacturing by eliminating certain processes like painting [46][47]. - The need for continuous experimentation and adaptation in manufacturing techniques is underscored, as the industry evolves and new materials and methods are tested [46][48].

山子高科技股份有限公司 本公司董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 关于股票交易异常波动公告 股票简称：山子高科 股票代码：000981 公告编号：2025-062 一、股票交易异常波动情况 山子高科技股份有限公司（以下简称"公司"或"山子高科"，股票简称：山子高科， 股票代码：000981）股票连续两个交易日（2025 年 9 月 12 日、9 月 15 日）收盘价格涨幅 偏离值累计达到 20%，根据深圳证券交易所的相关规定，属于股票交易异常波动的情形。 二、公司关注并核实的相关情况 针对本次公司股价异常波动，经公司董事会关注、征询、自查并核实： 1、公司已披露的信息不存在需要补充、更正之处。 4、公司、控股股东和实际控制人不存在关于本公司的应披露而未披露的重大事项， 或处于筹划阶段的重大事项，以及股票异常波动期间控股股东、实际控制人未买卖公司股 票。 2、近期，公司不存在公共传媒报道了可能或已经对公司股票交易价格产生较大影响 的未公开重大信息，且公司不存在前期披露信息需要更正、补充之处。 三、是否存在应披露而未披露的重大信息的声明 3、近期，公司经营情况 ...

Core Viewpoint - The stock of Shanzi Gaoke experienced a limit-up increase, with a trading volume of 3.874 billion yuan and a turnover rate of 13.52% on the day, indicating strong market interest and activity [2] Trading Activity - The stock's price deviation reached 9.64%, leading to its listing on the exchange's watchlist for significant price movement [2] - The net buying from the Shenzhen Stock Connect amounted to 27.4248 million yuan, while the total net selling from brokerage seats was 50.2915 million yuan [2] - The top five brokerage seats accounted for a total transaction volume of 726 million yuan, with buying transactions at 352 million yuan and selling transactions at 374 million yuan, resulting in a net selling of 22.8667 million yuan [2] Fund Flow - The stock saw a net outflow of 244 million yuan from major funds, with a significant outflow of 229 million yuan from large orders [2] - Over the past five days, the stock has experienced a net inflow of 780 million yuan from major funds, indicating a recent positive trend in investment [2]

Group 1 - The stock price of Shanzi Gaoke (SZ:000981) reached its daily limit, closing at 3.05 yuan, with an increase of 10.11% [1] - The total market capitalization of the company is 30.492 billion yuan [1] - The stock had previously hit the daily limit in the prior trading day [1]

Core Viewpoint - The smart driving sector is experiencing significant activity, with several companies seeing stock price increases following the release of a new government plan aimed at promoting growth in the automotive industry [1] Group 1: Market Activity - On September 15, companies such as Suoling Co., Shanzi Gaoke, and Asia-Pacific Co. reached their daily price limits, while Haima Automobile also saw a notable increase [1] - Other companies like Wanjitech, Luchang Technology, Desay SV, and Qianli Technology also experienced stock price rises [1] Group 2: Government Policy - On September 12, the Ministry of Industry and Information Technology, along with eight other departments, issued the "Automotive Industry Stabilization and Growth Work Plan (2025-2026)" [1] - The plan includes initiatives to advance the approval and road testing of intelligent connected vehicles, with conditional approval for the production of L3-level models [1]

Group 1 - The smart driving concept sector is experiencing significant activity, with stocks like Suoling Co., Shanzhi Gaoke, Derun Electronics, and Zhejiang Sebao showing remarkable performance, hitting the daily limit up shortly after the market opened [2] - Haon Auto Electric also demonstrated strong market momentum with an increase of nearly 19%, indicating robust investor interest [2] - Other notable stocks such as Guangfeng Technology, Huagong Technology, and Weihan Co. also saw significant gains, contributing to a prosperous atmosphere in the smart driving concept sector [2] Group 2 - Recent advancements in smart driving technology have shown great potential in enhancing traffic safety, improving traffic efficiency, and enriching the driving experience [4] - The active interest in smart driving is closely linked to industry dynamics and supportive policies from local governments, which include the establishment of intelligent connected vehicle testing zones and the promotion of commercial operations for autonomous vehicles [4] - The continuous improvement of the smart driving industry chain, covering areas from sensors and chips to software algorithms and vehicle manufacturing, provides a solid foundation for the implementation of smart driving technologies [4]

Group 1 - The core point of the article is that Shanzi Gaoke has experienced a significant stock price increase, achieving a limit-up and a consecutive two-day rise [1] - Over the past two days, the cumulative increase in stock price has reached 21.03% [1]

Group 1 - The construction and decoration industry was the only sector to see net inflows of capital this week [1] - The power equipment sector experienced the highest net outflow, amounting to 22.848 billion [1] - Other sectors with significant net outflows included computer, electronics, and basic chemicals, each exceeding 8 billion [1] Group 2 - Individual stocks with the highest net inflows included Dongshan Precision, Shanzi Gaoke, and Kehua Data, with inflows of 2.397 billion, 1.06 billion, and 1.004 billion respectively [1] - Stocks with the highest net outflows were Ningde Times, Xian Dao Intelligent, and Sunshine Power, with outflows of 3.248 billion, 2.324 billion, and 2.318 billion respectively [1]