Market Overview - On June 27, the Shanghai Composite Index fell by 0.7%, while the Shenzhen Component Index rose by 0.34% and the ChiNext Index increased by 0.47% [1] - A total of 52 stocks appeared on the daily trading list, with the highest net inflow of funds into Dawi Technology (600589.SH) amounting to 264 million yuan [1][4] Stock Performance - Dawi Technology saw a closing price increase of 6.61% with a turnover rate of 28.45%, and it accounted for 7.84% of the total trading volume [1][2] - The stock with the highest net outflow was Zhongfu Industrial (600595.SH), which experienced a net sell-off of 154 million yuan, representing 15.54% of its total trading volume, despite a closing price increase of 10.05% [4][6] Institutional Activity - Among the 27 stocks on the trading list, institutions were net buyers of 17 stocks and net sellers of 10 stocks, with a total net selling amount of 1.274 billion yuan [6][12] - The stock with the highest institutional net buying was Heertai (002402.SZ), which closed up by 10% and had a turnover rate of 13.07% [7] Northbound Capital - On June 27, northbound capital participated in 14 stocks, with a total net inflow of 915 million yuan [10] - The stock with the highest net inflow from northbound capital was Xiaoshangpin City (600415.SH), with a net purchase of 806 million yuan, accounting for 16.12% of its total trading volume [10][12] Summary of Key Stocks - The stocks that saw both institutional and northbound capital net buying included Hengbao Co., Maiwei Bio, Heertai, and Jinlongyu [12][14] - Conversely, stocks like Zhuyegroup and Zhongfu Industrial were net sold by both institutions and northbound capital [12][14]

Core Insights - The artificial intelligence (AI) sector is experiencing significant growth, with the CSI Artificial Intelligence Industry Index rising by 1.31% as of June 27, 2025, and the AI ETF showing a cumulative rebound of over 18% since its low on April 9, 2025 [1][2] Group 1: Market Performance - The AI ETF (515980) has seen a 30.13% increase in net value over the past year, with the highest monthly return reaching 30.38% since its inception [2] - The AI ETF's trading volume indicates strong liquidity, with a turnover rate of 4.75% and a total transaction value of 1.70 billion yuan on the latest trading day [1] - The top ten weighted stocks in the CSI Artificial Intelligence Industry Index account for 49.9% of the index, with notable companies including Zhongke Shuguang (603019) and Han's Laser (688256) [2][4] Group 2: Investment Trends - Recent reports suggest that the CPO market is expected to grow significantly, with projections indicating a market size exceeding 1 billion USD by 2028 and surpassing 5 billion USD by 2030 [4] - Analysts from CITIC Securities highlight that system-level computing power is poised to be the next frontier in AI development, with domestic GPU companies likely to catch up to overseas products [5] - The AI sector is seen as having substantial investment value, driven by increasing demand for AI infrastructure, particularly in ASIC, storage modules, and edge innovation [5]

Group 1 - The smart medical sector is experiencing a significant upward trend, with notable stock price increases for several companies [1] - Jincheng Pharmaceutical (300233) has seen its stock rise by over 10% [1] - Heertai (002402) and Weining Health (300253) have both increased by over 9% [1] - Yaoshi Technology (300725) has experienced a stock price increase of over 5% [1] - Other companies such as Yuandong Biology and Chengdu Xian Dao are also showing upward movement [1]

证券代码：002402 证券简称：和而泰 公告编 号：2025-042 深圳和而泰智能控制股份有限公司 本公司及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。 深圳和而泰智能控制股份有限公司（以下简称"公司"）近日收到实际控制 人刘建伟先生的通知，获悉刘建伟先生所持有的公司部分股份办理了解除质押及 质押的业务，具体事项公告如下： 一、本次股份解除质押情况 是否为控股 | 股东 | 股东或第一 | | 本次解除质 | | | 占其所持 | | | 占公司总 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 押股份数量 | | | 股份比例 | | 股本比例 | | | 起始日 | | | 解 | | 除日期 | 质权人 | | | | | | | | | | | | | | | 名称 | 大股东及其 | (股) | | | | （%） | （%） | | | | | | | | | | 一致行动人 ...

| 1．基本情况 | | | --- | --- | | 信息披露义务人 | 刘建伟 | | 住所 | 广东省深圳市南山区****** | | 权益变动时间 | 2025年6月18日至2025年6月20日 | | 权益变动过程 | 刘建伟先生因偿还质押融资债务以及个人资金需求，于2025年6月18日至 2025年6月20日期间通过集中竞价交易的方式累计减持公司股份8,272,000股 ，占公司总股本的0.8942%，占剔除公司回购专用账户股份后总股本比例的 0.8978%。本次权益变动不会导致公司控制权发生变化，不会对公司的治理 | | | 结构及持续经营产生重大影响。 | | 股票简称 和而泰 | | | 股票代码 | | 002402 | | | --- | --- | --- | --- | --- | --- | --- | | 变动方向 上升□ | | 下降√ | 一致行动人 | 有□ | 无√ | | | 是否为第一大股东或实际控制人 | | | 是√ 否 □ | | | | | 2．本次权益变动情况 | | | | | | | | 股份种类（A 股、B 股等） | | 减持股数（万股） | | ...

证券代码：002402 证券简称：和而泰 公告编号：2025-042 深圳和而泰智能控制股份有限公司 关于实际控制人部分股份解除质押及质押的公告 本公司及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。 深圳和而泰智能控制股份有限公司（以下简称"公司"）近日收到实际控制 人刘建伟先生的通知，获悉刘建伟先生所持有的公司部分股份办理了解除质押及 质押的业务，具体事项公告如下： 一、本次股份解除质押情况 | 股东 | 是否为控股 股东或第一 | 本次解除质 押股份数量 | 占其所持 股份比例 | 占公司总 股本比例 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 一致行动人 | (股) | （%） | （%） | | | | | 刘建伟 | 是 | 2,880,000 | 2.0542 | 0.3113 | 2025 年 4 | 2025 年 6 | 深圳担保集团有 | | | | | | | 月 23 日 | 月 20 日 | 限公司 | | 合计 | | ...

Group 1: Company Overview and Financial Performance - In 2024, the company achieved a revenue of 9.659 billion CNY despite a complex global economic environment [3] - The company has seen steady growth across its business segments, with a focus on market penetration and customer share [4] Group 2: Business Segment Developments - The home appliance segment has expanded, with increased product penetration and customer share [4] - The automotive electronics segment is focusing on smart cockpit and energy management, with a diverse product line including HOD controllers and thermal management systems [4] - The intelligent product segment leverages advanced technologies like big data and AI, enhancing its solution offerings [4] Group 3: Profitability and Operational Strategy - The company is enhancing cost management and operational efficiency, aiming for improved gross margins and operational quality [5][6] - Future strategies include strengthening customer relationships, expanding market reach, and optimizing internal structures to enhance resilience [6] Group 4: Q&A Insights - The growth of the automotive electronics business is driven by long-term orders and new customer acquisitions [7] - The company has established overseas production bases in Vietnam, Italy, Romania, and Mexico to meet expanding capacity needs [8] - The home appliance business growth is attributed to increased market share with major clients like Haier and Xiaomi [10] - The impact of tariff policies on the company is limited due to the nature of its export markets and pricing strategies [10]

Investment Rating - The report maintains a positive outlook on the controller sector, indicating a potential for performance and valuation recovery [3][4]. Core Insights - The controller sector has experienced significant overselling, and the fundamentals are showing notable improvement, suggesting a dual recovery in performance and valuation [4][5]. - Historical analysis of key companies in the controller sector, such as Heertai and Tuobang, reveals a high sensitivity of stock performance to earnings and raw material price fluctuations [5][6]. - The report highlights the strong growth potential in the laser radar robotics field, particularly in consumer-grade robots, marking a significant industry shift [14][15]. Summary by Sections Controller Sector Recovery - The controller sector has shown signs of recovery in Q1 2025, with Heertai reporting a revenue of 2.585 billion yuan, a year-on-year increase of 30.44%, and a net profit of 169 million yuan, up 75.41% [9]. - Tuobang also reported a revenue of 2.671 billion yuan, a 15.24% increase, with a net profit of 197 million yuan, reflecting a 12.10% growth [11]. Laser Radar Robotics Growth - Hesai Technology reported a Q1 2025 delivery of nearly 200,000 units, a year-on-year increase of 231%, with a revenue of 530 million yuan, up 46.3% [15][18]. - RoboSense reported a revenue of approximately 330 million yuan in Q1 2025, with a gross profit of 77.01 million yuan, a significant increase of 73.1% [19][21]. Market Trends and Strategic Partnerships - The report notes that Hesai is a key supplier for leading Robotaxi companies, indicating a shift from technology validation to commercial operation in the Robotaxi industry [18]. - RoboSense has secured significant orders in various sectors, including a strategic partnership for 1.2 million units in the lawn mower market, showcasing strong demand across multiple applications [24].

证券代码：002402 证券简称：和而泰 公告编号：2025-040 特别提示： 司（以下简称"公司"）通过回购专用证券账户持有的公司股份3,746,700股不享有 参与利润分配的权利，本次权益分派以公司现有总股本925,080,285股剔除回购专 用证券账户持有股份3,746,700股后的921,333,585股为基数，向全体股东每10股派 发现金红利1.00元（含税），合计人民币92,133,358.50元（含税），送红股0股（含 税），不以公积金转增股本。 深圳和而泰智能控制股份有限公司 本保持不变，现金分红总额分摊到每一股的比例将减小，因此，本次权益分派实 施后除权除息价格计算时，每10股现金红利应以0.995949元计算，每股现金红利应 以0.0995949元/股计算（每股现金红利=现金分红总额÷总股本，即0.0995949元/股 =92,133,358.50元÷925,080,285股，结果直接截取小数点后七位，不四舍五入）。综 上，在保证本次权益分派方案不变的前提下，2024年年度权益分派实施后的除权 除息价格按照上述原则及计算方式执行，即本次权益分派实施后的除权除息价格= 股权登记日收盘价-0 ...

证券代码：002402 证券简称：和而泰 公告编号：2025-040 深圳和而泰智能控制股份有限公司 2024年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、根据《公司法》等相关法律法规的规定，深圳和而泰智能控制股份有限公 司（以下简称"公司"）通过回购专用证券账户持有的公司股份3,746,700股不享有 参与利润分配的权利，本次权益分派以公司现有总股本925,080,285股剔除回购专 用证券账户持有股份3,746,700股后的921,333,585股为基数，向全体股东每10股派 发现金红利1.00元（含税），合计人民币92,133,358.50元（含税），送红股0股（含 税），不以公积金转增股本。 2、因公司回购股份不参与本次权益分派，且本次权益分派实施前后公司总股 本保持不变，现金分红总额分摊到每一股的比例将减小，因此，本次权益分派实 施后除权除息价格计算时，每10股现金红利应以0.995949元计算，每股现金红利应 以0.0995949元/股计算（每股现金红利=现金分红总额÷总股本，即0.0995949元/股 ...