证券代码：002284 证券简称：亚太股份 公告编号：2026-004 浙江亚太机电股份有限公司（以下简称"公司"）于 2025 年 11 月 18 日在指定信息披露媒体披露了《关于控股股东减持股份的预披露公告》(公 告编号：2025-066），控股股东亚太机电集团有限公司（以下简称"亚太集 团"）计划自上述公告披露之日起 15 个交易日后的三个月内（窗口期除外） 通过集中竞价方式减持本公司股份不超过 7,391,000 股（即不超过公司总股 本比例 1.00%）。 公司于近日收到亚太集团出具的《股份减持情况告知函》。2026 年 1 月 20 日—2026 年 1 月 30 日，亚太集团合计减持 7,364,100 股，占公司总股 本比例 0.9964%。本次权益变动后，亚太集团持有公司股份 269,128,417 股， 持股比例由 37.41%下降至 36.41%；亚太集团及其一致行动人合计持有公司 股份 317,832,775 股，持股比例由 44%下降至 43%，触及 1%刻度。 | 1．基本情况 | | | --- | --- | | 信息披露义务人 | 亚太机电集团有限公司 | | 住所 | 浙江 ...

分析师 1: 各位尊敬的投资者，大家晚上好！非常感谢大家在这个周一晚上黄金时间段拨冗参加我们 国新汽车团队组织的这个汽车 2026 年的策略汇报其实这也不能说是我们这个年度策略的 一个汇报，因为我们其实针对一个 2026 年，就是去年 25 年 11 月写的这个年度策略，做 了一个补充的这个策略专题。对 20 年，就 2005 年到 2025 年的 20 年汽车行情，还有汽 车增速做了一个复盘。然后有定量也有定性的这个分析，包括对 26 年做了一个展望，所 以这次的会议，首先我们是会快速地过一下我们这个策略复盘的这个要点，得到了一些什 么结论？ 第三个就是我们也复盘了一下 2018 年，因为 2026 年哦，在我们看来其实跟 2018 年有 点相似，因为 2018 年也是一个就是补贴政策，各种政策退出的一个年份。然后汽车行业， 也出现了首年的这个销量下滑，那是 2018 年发生的事情。然后 2026 年，我们觉得也是 有销量下行的压力的。其实政策也退出。那对比 2018 年，其实汽车板块是在 2018 年的 6，6 月份开始出现销量的下滑，但是汽车行情是 3 月份就开始跌了。然后到 11 到 10 月 份的时 ...

Investment Rating - The report maintains an "Overweight" rating for the automotive industry [5][17]. Core Insights - The automotive sector has shown positive momentum, with the Shenwan Automotive Index rising by 3% in the past week and 9% over the past month. The new energy vehicle index increased by 2% weekly and remained flat monthly, while the automotive parts index rose by 4% weekly and 15% monthly [2][8]. - The domestic humanoid robot market is experiencing significant growth, with major manufacturers achieving substantial production milestones. For instance, Yushu's humanoid robot shipments exceeded 5,500 units in 2025, indicating a shift towards mass production [15]. - The Robotaxi industry is advancing rapidly, with plans for extensive deployment by companies like Cao Cao Mobility, which aims to introduce 100,000 fully customized Robotaxis by 2030 [16]. Summary by Sections 1. Industry Weekly Market Review - The Shenwan Automotive Index increased by 3% in the week of January 16-23, 2026, and by 9% over the past month. The new energy vehicle index rose by 2% weekly but was flat monthly, while the automotive parts index saw a 4% weekly increase and a 15% monthly increase [8][9]. 2. Domestic Humanoid Robots - The humanoid robot market in China is entering a rapid growth phase, with leading manufacturers achieving significant production volumes. Yushu and Zhiyuan have both reported substantial shipment numbers, indicating a breakthrough in mass production capabilities [15]. 3. Robotaxi Industry Acceleration - Cao Cao Mobility is set to deploy 100,000 Robotaxis by 2030, with ongoing trials for their second-generation models. This initiative is expected to enhance the application of AI in transportation and contribute to the subscription-based vehicle market [16]. 4. Investment Strategy and Recommendations - The report suggests focusing on companies that can leverage the growing demand for humanoid robots and recommends key players such as Dechang Motor Holdings and Haoneng Co. The report also highlights the competitive landscape in the passenger vehicle market, suggesting differentiation strategies for companies like Great Wall Motors and SAIC Motor [17].

Investment Rating - The report maintains an "Overweight" rating for the automotive industry [5][17]. Core Insights - The automotive sector has shown positive momentum, with the Shenwan Automotive Index rising by 3% in the past week and 9% over the past month. The new energy vehicle index increased by 2% weekly and remained flat monthly, while the automotive parts index rose by 4% weekly and 15% monthly [2][8][9]. - The domestic humanoid robot market is experiencing significant growth, with major manufacturers achieving substantial production and sales milestones. The Robotaxi industry is also advancing rapidly, with plans for large-scale deployment by companies like Cao Cao Mobility [15][16]. - The report emphasizes the importance of identifying high-value technology routes and companies with inherent advantages, particularly in the humanoid robot and automotive sectors [17]. Summary by Sections 1. Industry Weekly Market Review - The Shenwan Automotive Index increased by 3% in the week of January 16-23, 2026, and by 9% over the month. The new energy vehicle index rose by 2% weekly and remained flat monthly, while the automotive parts index increased by 4% weekly and 15% monthly [8][9]. - Notable stocks with significant gains over the past month include Chaojie Co., Hengbo Co., and Wanxiang Qianchao, while stocks with notable declines include Haima Automobile and Aolian Electronics [10][11][13]. 2. Domestic Humanoid Robots - The humanoid robot market in China is rapidly expanding, with Utree achieving over 5,500 units shipped in 2025. Other companies like Zhiyuan also reported significant production numbers, indicating a shift towards mass production [15]. 3. Robotaxi Industry Acceleration - Cao Cao Mobility plans to deploy 100,000 fully customized Robotaxis by 2030, with ongoing trials for their second-generation models. This sector is seen as a critical application for AI technology [16]. 4. Investment Strategy and Recommendations - The report suggests focusing on companies that can leverage the growing demand for humanoid robots and recommends leading firms in electric motors and reducers. It also highlights the competitive landscape for passenger vehicles and suggests companies like Great Wall Motors and BYD for long-term investment [17].

证券代码：002284 证券简称：亚太股份 公告编号：2026-003 浙江亚太机电股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证公告内容真实、准确、完整， 并对公告中的虚假记载、误导性陈述或者重大遗漏承担责任。 浙江亚太机电股份有限公司（以下简称"公司"）于 2025 年 9 月 25 日召开 第九届董事会第三次会议审议通过了《关于公司使用部分闲置募集资金进行现金 管理的议案》，在保证募集资金项目资金需求的前提下，使用额度不超过 25,000 万元人民币的闲置募集资金选择适当时机，阶段性购买由商业银行发行的安全性 高、流动性好的固定收益型或保本浮动收益型的理财产品。该额度自公司董事会 审议通过之日起 12 个月内可循环滚动使用。 具体内容详见公司于 2025 年 9 月 26 日披露在《证券日报》及巨潮资讯网 （www.cninfo.com.cn）的《关于使用部分闲置募集资金进行现金管理的公告》（公 告编号：2025-056）。 公司与上表所列受托方无关联关系。 二、理财风险及风险控制 一、本次使用闲置募集资金购买理财产品基本情况 受托方 产品名称 产品类型 投资金 ...

Group 1 - The core viewpoint of the news is that Asia Pacific Co., Ltd. has seen a continuous increase in its stock price, with a 7.09% cumulative rise over three days, reaching a price of 16.62 yuan per share and a market capitalization of 12.284 billion yuan [1] - Asia Pacific Co., Ltd. specializes in the development, production, and sales of automotive brake systems, electronic control systems, wheel motors, and steer-by-wire chassis, with its main business revenue composition being 69.48% from brake systems, 27.35% from electronic control systems, and 3.17% from other sources [1] - The stock has a trading volume of 1.099 billion yuan and a turnover rate of 9.00% [1] Group 2 - Nanhua Fund has a significant holding in Asia Pacific Co., Ltd., with its Nanhua Fengrui Quantitative Stock Mixed A Fund holding 89,100 shares, representing 1.99% of the fund's net value, making it the eighth largest holding [2] - The fund has generated a floating profit of approximately 22,300 yuan today and a total of 98,000 yuan during the three-day increase [2] - The Nanhua Fengrui Quantitative Stock Mixed A Fund has a total scale of 12.0247 million yuan and has achieved a year-to-date return of 4.2%, ranking 3,677 out of 8,838 in its category [2]

Core Viewpoint - Asia Pacific Co., Ltd. (002284.SZ) is expected to achieve a net profit attributable to shareholders of approximately 468 million to 575 million yuan in 2025, representing a year-on-year growth of 120% to 170%, marking a record high for the company [1][2]. Financial Performance - The projected net profit for 2025 is between 468 million and 575 million yuan, with a non-recurring profit of 422 million to 528 million yuan, indicating a growth of 118% to 173% year-on-year [2]. - In the first three quarters of 2025, the company reported revenues of 1.258 billion yuan, 1.343 billion yuan, and 1.372 billion yuan, with year-on-year growth rates of 23.15%, 36.62%, and 37.23% respectively [2]. - The net profit for the first three quarters was 100 million yuan, 100 million yuan, and 128 million yuan, with year-on-year growth rates of 65.35%, 129.14%, and 142.81% respectively [2]. - The fourth quarter is expected to see a significant increase in net profit, projected between 140 million and 246 million yuan, with a year-on-year growth of 150.6% to 341.13% [2]. Business Strategy and Market Position - The company's strong performance is attributed to the continuous growth of the automotive industry, particularly in the electric vehicle sector, and its commitment to technological innovation and market expansion [3]. - Asia Pacific Co., Ltd. has maintained a positive cash flow from operating activities every year since its listing, with a cash flow of 607 million yuan in the first three quarters of 2025 [7]. - The company has not engaged in equity refinancing for eight years, indicating strong internal growth and self-sustaining capabilities [7]. Research and Development - The company has consistently invested in R&D, with expenditures of 194 million yuan, 237 million yuan, 315 million yuan, and 239 million yuan from 2022 to the first three quarters of 2025, reflecting a commitment to innovation [6]. - As of mid-2025, Asia Pacific Co., Ltd. holds 757 valid patents, including 149 invention patents, showcasing its strong technological capabilities [6]. Financial Health - As of the end of the third quarter of 2025, the company had a debt-to-asset ratio of 59.81% and cash reserves of 2.354 billion yuan, indicating a solid financial position [7]. - The total market capitalization reached 12.1 billion yuan, with a stock price increase of approximately 5.41% on January 13, 2026, reflecting strong market performance [7].

Market Overview - The automotive parts sector experienced a decline of 1.63% on January 13, with Aerospace Intelligence leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Top Performers in Automotive Parts Sector - Wenkelan (300816) saw a significant increase of 15.02%, closing at 69.00 with a trading volume of 92,000 shares and a transaction value of 660 million [1] - Kuntai Co. (001260) rose by 9.99%, closing at 22.02 with a trading volume of 87,100 shares and a transaction value of 186 million [1] - Meihu Co. (618309) increased by 8.30%, closing at 37.70 with a trading volume of 558,600 shares and a transaction value of 2.093 billion [1] Underperformers in Automotive Parts Sector - Aerospace Intelligence (300446) dropped by 12.02%, closing at 27.00 with a trading volume of 843,500 shares and a transaction value of 2.318 billion [2] - Aerospace Science and Technology (000901) fell by 10.00%, closing at 31.50 with a trading volume of 730,100 shares and a transaction value of 2.321 billion [2] - Tianpu Co. (605255) also decreased by 10.00%, closing at 176.60 with a trading volume of 10,400 shares and a transaction value of 184 million [2] Capital Flow Analysis - The automotive parts sector experienced a net outflow of 6.473 billion from institutional investors, while retail investors saw a net inflow of 5.193 billion [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Meihu Co. (618309) had a net inflow of 270 million from institutional investors, while retail investors experienced a net outflow of 98.51 million [3] - Zhejiang Shibao (002703) saw a net inflow of 165 million from institutional investors, with retail investors also facing a net outflow of 42.48 million [3] - North Special Technology (603009) recorded a net inflow of 126 million from institutional investors, while retail investors had a net outflow of 114 million [3]

Core Viewpoint - The A-share market saw a significant rise in autonomous driving concept stocks, driven by a partnership between autonomous driving company Pony.ai and BAIC New Energy to expand cooperation in L4-level Robotaxi production and operation [1] Group 1: Stock Performance - Tianyin Electromechanical (300342) increased by 14.48%, with a total market value of 22.9 billion and a year-to-date increase of 62.96% [2] - Zhejiang Shibao (002703) rose by 9.98%, with a market capitalization of 23.7 billion and a year-to-date increase of 39.56% [2] - Meihu Co., Ltd. (603319) saw a rise of 9.71%, with a market value of 13 billion and a year-to-date increase of 4.40% [2] - Wanjitech (300552) increased by 8.42%, with a market capitalization of 8.781 billion and a year-to-date increase of 35.70% [2] - Asia-Pacific Shares (002284) rose by 7.28%, with a market value of 12.3 billion and a year-to-date increase of 11.59% [2] - Yanshan Technology (002195) increased by 7.02%, with a market capitalization of 69.1 billion and a year-to-date increase of 71.93% [2] - Hanxin Technology (920092) rose by 6.71%, with a market value of 3.179 billion and a year-to-date increase of 36.78% [2] - Saiwei Electronics (300456) increased by 6.08%, with a market capitalization of 43.4 billion and a year-to-date increase of 6.02% [2]

Group 1 - The core viewpoint of the news is the strong performance of autonomous driving concept stocks in the A-share market, driven by a partnership between Pony.ai and BAIC New Energy to expand cooperation in L4-level Robotaxi production and operation [1][2] Group 2 - Tianyin Electromechanical (300342) saw a rise of 14.48%, with a total market value of 22.9 billion and a year-to-date increase of 62.96% [2] - Zhejiang Shibao (002703) increased by 9.98%, with a market capitalization of 23.7 billion and a year-to-date rise of 39.56% [2] - Meihu Co., Ltd. (603319) rose by 9.71%, with a market value of 13 billion and a year-to-date increase of 4.40% [2] - Wanjitech (300552) experienced an 8.42% increase, with a market capitalization of 8.781 billion and a year-to-date rise of 35.70% [2] - Asia-Pacific Shares (002284) increased by 7.28%, with a market value of 12.3 billion and a year-to-date increase of 11.59% [2] - Yanshan Technology (002195) rose by 7.02%, with a market capitalization of 69.1 billion and a year-to-date increase of 71.93% [2] - Hanxin Technology (920092) increased by 6.71%, with a market value of 3.179 billion and a year-to-date rise of 36.78% [2] - Saiwei Electronics (300456) saw a 6.08% increase, with a market capitalization of 43.4 billion and a year-to-date rise of 6.02% [2]