Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The strategic investment in Weihan Intelligent aims to expand the company's footprint in humanoid robotics, positioning it to tap into the core transmission system market for humanoid robots [4][6] - Weihan Intelligent specializes in precision harmonic reducers and integrated joint actuators, with over 70 standard harmonic reducer products, showcasing significant technical advantages [6] - The investment is expected to create a technological ecosystem for humanoid robots, leveraging the company's experience in automotive components to enhance robotic transmission development [6][7] Financial Summary - Current price: 37.99 CNY - Market capitalization: 8,776.61 million CNY - Estimated net profits for 2024-2026 are projected to be 237 million, 327 million, and 406 million CNY respectively, with corresponding P/E ratios of 37.0, 26.8, and 21.6 [3][8][7] - Revenue growth rates are forecasted at 45.7%, 25.3%, and 20.3% for 2024, 2025, and 2026 respectively [8][11]

Investment Rating - The investment rating for Longsheng Technology is maintained as "Buy" [3] Core Views - Longsheng Technology has made a strategic investment in Weihan Intelligent, which will become a controlling subsidiary, enhancing its capabilities in the robotics sector [7] - The investment aims to leverage Weihan's precision manufacturing technology to accelerate the development of core transmission systems for humanoid robots, creating a closed-loop innovation model [7] - The company plans to integrate government, academic, and overseas resources to build an industrial ecosystem that combines precision manufacturing of automotive parts with robotics technology [7] Financial Summary - Revenue projections for Longsheng Technology are as follows: - 2024: 26.61 billion, YOY growth of 45.6% - 2025: 33.47 billion, YOY growth of 25.8% - 2026: 40.67 billion, YOY growth of 21.5% [7] - Net profit forecasts are: - 2024: 2.38 billion, YOY growth of 61.9% - 2025: 3.15 billion, YOY growth of 32.6% - 2026: 3.98 billion, YOY growth of 26.2% [7] - Earnings per share (EPS) estimates are: - 2024: 1.03 yuan - 2025: 1.36 yuan - 2026: 1.72 yuan [7] - The price-to-earnings (P/E) ratios are projected to be: - 2024: 36.92 - 2025: 27.85 - 2026: 22.07 [7] Strategic Developments - The investment in Weihan Intelligent is based on its expertise in precision harmonic reducers and integrated joint actuators, which aligns with Longsheng's strategy to enhance its robotics capabilities [7] - The company aims to create a dual empowerment model that meets the needs of mainstream automotive manufacturers in smart manufacturing and robotics development [7]

中国资产午后走强。 5日，A股午后在金融板块的带动下发力拉升，上证50指数涨0.77%，北证50指数大涨近3%；港股走势强劲，恒生指数涨近3%，恒生科技指数大涨超4%。个 股方面，同程旅行涨超10%，小米集团、华虹半导体、京东健康涨超7%，京东集团、腾讯控股涨约3%。 具体来看，沪指午后在金融板块的带动下发力上攻，深证成指、创业板指翻红，北证50指数表现强势。截至收盘，沪指涨0.53%报3341.96点，深证成指涨 0.28%报10709.46点，创业板指涨0.01%报2190.36点，上证50指数涨0.77%，北证50指数涨2.82%，沪深北三市合计成交15459亿元，较昨日增加659亿元。 银行、保险、券商板块集体上扬，成都银行涨超3%，中信银行、招商银行等涨超2%；工程机械板块大幅拉升，山东矿机、柳工、山推股份等涨停；6G概念 爆发，本川智能、三维通信、兴森科技等涨停；人形机器人概念热度不减，一博科技、隆盛科技续创新高，捷昌驱动、兆威机电、智微智能等斩获两连板； 算力概念走高，元道通信、拓维信息、纵横通信等涨停，并行科技大涨超17%。 金融板块拉升 银行板块盘中发力拉升，截至收盘，成都银行涨超3%，中信 ...

根据《上市公司股份回购规定》《深圳证券交易所上市公司自律监管指引第9号 ——回购股份》等相关规定，公司应当在回购期间每个月的前三个交易日公告截至上 月末的回购进展情况。现将公司截至上月末的回购进展情况公告如下： 截至2025年2月28日，公司通过股份回购专用证券账户以集中竞价交易方式累计 回购公司股份992,100股，占公司目前总股本0.43%，回购股份的最高成交价为39.36 元/股，最低成交价为27.15元/股，支付总金额为31,964,911元(不含交易费用)。本 次回购符合公司回购股份方案及相关法律法规的要求。 证券代码：300680 证券简称：隆盛科技 公告编号：2025-006 无锡隆盛科技股份有限公司 关于回购公司股份的进展公告 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。 无锡隆盛科技股份有限公司（以下简称"公司"）于2024年11月27日召开第五届 董事会第四次会议，并于2024年12月16日召开2024年第二次临时股东大会，审议通过 了《关于回购公司股份方案的议案》，同意公司使用自有资金和股票回购专项贷款以 集中竞价方式回购公司已发行的人 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company is positioned as a leader in the EGR (Exhaust Gas Recirculation) market, benefiting from the trends of electrification and hybridization, with significant growth potential in its second growth curve through EGR and motor core businesses. Additionally, the company is strategically expanding into the fields of robotics and commercial aerospace, creating a third growth curve [6][8] Summary by Sections EGR Leadership and Growth - The company has transitioned from focusing solely on EGR systems for commercial vehicles to expanding into precision component processing through acquisitions, leveraging its public listing for financing to enhance production capacity for core products like motor cores. The company anticipates a net profit of 210-240 million yuan in 2024, representing a year-on-year increase of 43.03%-63.46% [6][8] - The company has established itself as a leading EGR supplier, benefiting from the increasing sales of new energy vehicles, particularly plug-in hybrid models, and is well-positioned to capture significant market share as EGR systems become mainstream under stricter emissions regulations [6][8] Electric and Hybridization Benefits - The company is expected to benefit from the growing demand for EGR systems in both passenger and commercial vehicles, with the EGR market projected to reach 3.22 billion yuan by 2027, growing at a CAGR of 15.6% from 2024 to 2027. The passenger vehicle segment is expected to grow at a CAGR of 20.2% during the same period [43][44] - The company has a strong customer base, including major players like BYD and SAIC, and is set to gain from the upcoming surge in plug-in hybrid and extended-range vehicle models [48][49] Motor Core Business Expansion - The motor core business is expected to see substantial growth driven by the increasing penetration of new energy vehicles and the dual-motor trend in plug-in and pure electric vehicles. The market for motor cores is projected to reach 11.33 billion yuan by 2027, with a CAGR of 26.2% from 2024 to 2027 [55][56] - The company has successfully expanded its production capacity for motor cores through two rounds of fundraising, with a total capacity expected to reach 4.32 million sets upon full production [58][59] Strategic Layout in Robotics and Aerospace - The company is advancing its capabilities in humanoid robotics, with mass production expected to commence in 2025, focusing on the development of dexterous hand technology, which is critical for the functionality of humanoid robots [6][8] - In the commercial aerospace sector, the company is actively participating in projects that are expected to contribute to the rapid growth of the industry, with the Chinese commercial aerospace market projected to reach 6 trillion yuan by 2028 [6][8]

股票代码：300680 股票简称：隆盛科技 公告编号：2025-005 无锡隆盛科技股份有限公司 关于第三期员工持股计划股票出售完毕暨终止的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 无锡隆盛科技股份有限公司（以下简称"公司"）第三期员工持股计划所持有的 公司股票已全部出售完毕。根据《关于上市公司实施员工持股计划试点的指导意见》 及《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等 相关规定，本持股计划实施完毕并终止。现将具体情况公告如下： 一、公司第三期员工持股计划基本情况 1、公司分别于 2022 年 6 月 1 日、2022 年 6 月 17 日分别召开了第四届董事会第 七次会议和 2022 年第二次临时股东大会，审议通过了《关于公司第三期员工持股计 划(草案)及其摘要的议案》；因公司第三期员工持股计划规模发生变化，公司于 2022 年 7 月 7 日、2022 年 7 月 25 日分别召开了第四届董事会第九次会议和 2022 年第三次 临时股东大会，审议通过了《关于调整<无锡隆盛科技股份有限公司第三期员工持股 计划( ...

证券代码：300680 证券简称：隆盛科技 公告编号：2025-004 无锡隆盛科技股份有限公司 关于首次回购公司股份暨回购公司股份的进展公告 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。 无锡隆盛科技股份有限公司（以下简称"公司"）于2024年11月27日召开第五届 董事会第四次会议，并于2024年12月16日召开2024年第二次临时股东大会，审议通过 了《关于回购公司股份方案的议案》，同意公司使用自有资金和股票回购专项贷款以 集中竞价方式回购公司已发行的人民币普通股（A股）股票，回购股份将全部予以注 销并减少公司注册资本。本次回购的资金总额不低于人民币10,000万元且不超过人民 币20,000万元（含本数），回购股份价格不超过人民币40元/股，具体回购股份的数 量和金额以回购期限届满时实际回购的股份数量为准。本次回购股份的实施期限为自 股东大会审议通过回购股份方案之日起不超过12个月。具体内容详见公司在巨潮资讯 网（www.cninfo.com.cn）披露的《回购报告书》（公告编号：2024-070）等相关公 告。 根据《上市公司股份回购规定》《深圳证 ...

Financial Performance Forecast - The company expects net profit attributable to shareholders for 2024 to be between RMB 210 million and RMB 240 million, representing a year-on-year growth of 43.03% to 63.46%[3]. - The expected net profit after deducting non-recurring losses is projected to be between RMB 187 million and RMB 217 million, indicating a year-on-year increase of 63.06% to 89.22%[3]. - The estimated impact of non-recurring gains and losses on net profit is approximately RMB 23 million, primarily from government subsidies and idle fund investment income[6]. - The overall revenue and net profit are projected to show significant growth, reflecting the company's strong development momentum and broad prospects[5]. - The performance forecast period is from January 1, 2024, to December 31, 2024[3]. Market and Product Development - The automotive market is expected to maintain stable growth, particularly in hybrid and electric vehicles, which supports the company's development[5]. - The company has optimized its product structure and launched high value-added products to meet diverse customer needs, enhancing overall profitability[5]. Financial Reporting and Risk Awareness - The financial data presented is preliminary and has not been audited by an accounting firm, with final figures to be disclosed in the 2024 annual report[7]. - The company emphasizes the importance of cautious decision-making and awareness of investment risks for investors[7]. - The company has communicated with the accounting firm regarding the performance forecast, with no significant discrepancies reported[4].

一、回购进展情况 根据《上市公司股份回购规定》《深圳证券交易所上市公司自律监管指引第9号 ——回购股份》等相关规定，公司应当在回购期间每个月的前三个交易日内披露截至 上月末的回购进展情况。现将公司截至上月末的回购进展情况公告如下： 截至2024年12月31日，公司尚未实施本次股份回购。 证券代码：300680 证券简称：隆盛科技 公告编号：2025-001 无锡隆盛科技股份有限公司 关于回购公司股份的进展公告 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。 无锡隆盛科技股份有限公司（以下简称"公司"）于2024年11月27日召开第五届 董事会第四次会议，并于2024年12月16日召开2024年第二次临时股东大会，审议通过 了《关于回购公司股份方案的议案》，同意公司使用自有资金和股票回购专项贷款以 集中竞价方式回购公司已发行的人民币普通股（A股）股票，回购股份将全部予以注 销并减少公司注册资本。本次回购的资金总额不低于人民币10,000万元且不超过人民 币20,000万元（含本数），回购股份价格不超过人民币40元/股，具体回购股份的数 量和金额以回购期限届满时实 ...

证券代码：300680 证券简称：隆盛科技 公告编号：2024-072 无锡隆盛科技股份有限公司 关于收到客户项目定点通知书的公告 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。 一、定点通知书概况 无锡隆盛科技股份有限公司(以下简称"公司")近日收到博世汽车系统（无锡） 有限公司（以下简称"博世"）的定点通知书，公司被博世选定为"新能源商用车 驱动电机半总成"项目的配套供应商。 二、对上市公司的影响 特此公告。 无锡隆盛科技股份有限公司 董事会 2024年12月30日 在政策与市场需求双重驱动下，新能源汽车产业迎来了蓬勃发展的黄金时期， 不管是乘用车领域还是商用车领域均呈现持续增长的强劲态势，对公司新能源板块 的发展形成有力的推动。新能源板块核心定转子铁芯零部件已实现对联合汽车电子、 特斯拉、博世、金康动力、星驱动力、弗迪动力等客户的批量供应，近期又成功中 标博世"新能源商用车驱动电机半总成"项目，标志着公司在产品价值链上实现了 重大跨越，精准切中了客户对于产品的核心工艺集成化日益增长的需求，为赢得更 多的新能源市场奠定了良好基础，有利于增强公司在新能源汽车 ...