汽车与零部件行业 行业研究 | 行业周报 新能源车海外订单大涨，GEV 涨价，关注 出海整车及燃机链汽零 核心观点 投资建议与投资标的 从投资策略上看，预计部分强α整车及汽零公司有望抵御行业风险，实现营收及盈利增 长；数据中心液冷及燃气发电产业链、能确定进入特斯拉、Figure、智元、宇树等机器人 配套产业链的汽零及高级别自动驾驶产业链将持续迎来催化。建议持续关注部分竞争力 较强的出海整车、燃气发电机/柴发产业链、人形机器人链、液冷产业链、智驾产业链公 司。 整车相关标的：比亚迪、吉利汽车、上汽集团、江淮汽车、赛力斯等；燃气发电机相关 标的：银轮股份、潍柴动力；液冷相关标的：英维克、银轮股份、拓普集团、飞龙股 份、川环科技等；机器人相关标的：新泉股份、拓普集团、银轮股份、岱美股份、三花 智控、浙江荣泰、旭升集团、嵘泰股份、斯菱智驱、爱柯迪、精锻科技、博俊科技、沪 光股份等；智驾相关标的：经纬恒润、伯特利、德赛西威等。 风险提示 国家/地区 中国 行业 汽车与零部件行业 报告发布日期 2026 年 03 月 29 日 中性（维持） | 姜雪晴 | 执业证书编号：S0860512060001 | | --- | ...

汽车与零部件行业 行业研究 | 行业周报 新能源车海外订单大涨，GEV 涨价，关注 出海整车及燃机链汽零 核心观点 投资建议与投资标的 从投资策略上看，预计部分强α整车及汽零公司有望抵御行业风险，实现营收及盈利增 长；数据中心液冷及燃气发电产业链、能确定进入特斯拉、Figure、智元、宇树等机器人 配套产业链的汽零及高级别自动驾驶产业链将持续迎来催化。建议持续关注部分竞争力 较强的出海整车、燃气发电机/柴发产业链、人形机器人链、液冷产业链、智驾产业链公 司。 整车相关标的：比亚迪、吉利汽车、上汽集团、江淮汽车、赛力斯等；燃气发电机相关 标的：银轮股份、潍柴动力；液冷相关标的：英维克、银轮股份、拓普集团、飞龙股 份、川环科技等；机器人相关标的：新泉股份、拓普集团、银轮股份、岱美股份、三花 智控、浙江荣泰、旭升集团、嵘泰股份、斯菱智驱、爱柯迪、精锻科技、博俊科技、沪 光股份等；智驾相关标的：经纬恒润、伯特利、德赛西威等。 风险提示 宏观经济下行影响汽车需求、上游原材料价格波动影响、车企价格战压力。 国家/地区 中国 行业 汽车与零部件行业 报告发布日期 2026 年 03 月 29 日 中性（维持） | 姜雪晴 ...

Investment Rating - The industry investment rating is Neutral (maintained) [5] Core Insights - Energy security will promote the export of new energy vehicles from China, with domestic brands expected to capture overseas markets due to their technological, cost, and supply chain advantages [2][9] - The upcoming launch of several key new energy models is anticipated to boost demand in the passenger car market, with a gradual recovery expected as consumer sentiment improves [10] - The IPO application of Yushun Technology has been accepted, indicating strong growth potential in the humanoid robot sector, which may positively influence market sentiment [11] Summary by Sections Investment Suggestions and Targets - Strong alpha vehicle and parts companies are expected to withstand industry risks and achieve revenue and profit growth; focus on companies in the gas power generation chain, humanoid robotics, liquid cooling, and advanced driving industries [12] - Recommended vehicle-related stocks include BYD, Geely, SAIC Motor, JAC Motors, and Seres; gas generator stocks include Yinlun and Weichai Power; liquid cooling stocks include InvoTech, Yinlun, Top Group, Feilong, and Chuanhuan Technology; robotics stocks include Xinquan, Top Group, Yinlun, Daimai, Sanhua Intelligent Control, Zhejiang Rongtai, Xusheng Group, and others; advanced driving stocks include Jingwei Hirain, Bertel, and Desay SV [13]

Investment Rating - The industry investment rating is Neutral (maintained) [5] Core Insights - Energy security will promote the export of new energy vehicles from China, with opportunities for domestic brands to capture overseas markets due to rising oil prices and geopolitical tensions [2][9] - The upcoming launch of several key new energy models is expected to boost demand in the passenger car market, with a gradual recovery anticipated as consumer sentiment improves [10] - The IPO application of Yushun Technology has been accepted, indicating strong growth potential in the humanoid robot sector, which may positively influence market sentiment [11] Summary by Sections Investment Suggestions and Targets - Strong alpha vehicle and parts companies are expected to withstand industry risks and achieve revenue and profit growth; focus on companies in the gas power generation chain, humanoid robotics, liquid cooling, and advanced driving industries [12] - Recommended vehicle-related stocks include BYD, Geely Automobile, SAIC Motor, JAC Motors, and Seres; gas generator stocks include Yinlun Holdings and Weichai Power; liquid cooling stocks include InvoTech, Yinlun Holdings, Top Group, Feilong Shares, and Chuanhuan Technology; robotics stocks include Xinquan Shares, Top Group, Yinlun Holdings, Daimai Shares, Sanhua Intelligent Control, Zhejiang Rongtai, Xusheng Group, and others; advanced driving stocks include Jingwei Hirain, Bertel, and Desay SV [13]

Group 1 - The company, 精锻科技, has stated that its two subsidiaries in Chongqing are currently not supplying components to赛力斯新能源 [2] - There is no ongoing business cooperation between the company and 智元机器人 at this time [2] - Investors are advised to be cautious regarding investment risks associated with the company's current business activities [2]

Group 1 - The core viewpoint of the article indicates that Jinguan Technology (300258.SZ) has not yet established a partnership with Sairisi or engaged in business cooperation with Zhiyuan Robotics [1] Group 2 - The company has two subsidiaries in Chongqing that are currently not providing support for Sairisi [1] - Investors are advised to be cautious regarding investment risks associated with the company's current business status [1]

格隆汇2月25日丨精锻科技(300258.SZ)在投资者互动平台表示，公司现阶段尚未与宇树机器人开展业务 合作。 ...

Group 1 - The company Jingzhuan Technology announced on February 25 that it received a notice of shareholding change from Zhao Hongjun and Dong Yi [1] - As of the date of the announcement, Zhao Hongjun and Dong Yi completed their share reduction plan, having reduced their holdings by 500,000 shares [1] - The reduced shares account for 0.0854% of the company's total shares [1]

证券代码：300258 证券简称：精锻科技 公告编号：2026-003 一、股东减持情况 | 股东名称 | 减持方式 | | 减持期间 | | 减持均价 （元/股） | 减持股数 （股） | 减持比例 （%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 赵红军 | 集中竞价 | 年 2026 | 月 2 | 日 13 | 16.3647 | 250,000 | 0.0427 | | 董义 | 集中竞价 | 年 2026 | 月 2 | 日 13 | 16.4056 | 250,000 | 0.0427 | | | 合计 | | - | | - | 500,000 | 0.0854 | 1、股东减持股份情况 2、股东本次减持前后持股情况 | 股东名称 | 股份性质 | 本次减持前持有股份 | | 本次减持后持有股份 | | | --- | --- | --- | --- | --- | --- | | | | 股数（股） | 占总股本比例 | 股数（股） | 占总股本比例 | | | | | （%） | | （%） | | 赵红军 | 合计持有股份 ...

Core Viewpoint - Jingzhuan Technology (300258) is experiencing a significant stock price increase driven by its involvement in humanoid robotics, automotive components, and international expansion efforts in Germany. Group 1: Company Overview - Jingzhuan Technology specializes in investment, production, and distribution of film projects, and is a well-known private television program producer and operator in China [2][3]. - The company has produced and distributed "Nezha 2," which set a box office record in Chinese film history, and is transitioning into an IP creator and operator [2]. Group 2: Recent Stock Performance - The stock price of Jingzhuan Technology has increased by 24.09% over the last two trading days, indicating strong market interest [5]. - The stock is currently showing a bullish trend with moving averages in a positive alignment and MACD indicating potential for further upward movement [5]. Group 3: Key Growth Drivers - The company has invested 50 million yuan in Wuhan Gelanruo Intelligent Robot Co., Ltd. and established Jiangsu Pacific Intelligent Joint Co., Ltd., contributing to the active humanoid robotics sector [3]. - In the automotive components sector, Jingzhuan Technology is the largest domestic producer of precision forged gears for cars, holding approximately 10% of the global market share for bevel gears and leading the domestic market for new energy vehicle differential assemblies [3]. - The establishment of a wholly-owned subsidiary in Germany aims to build a European technology and market platform, enhancing cooperation with European clients and expanding the customer base [3].