Market Performance - The automotive parts sector increased by 1.73% on September 11, with Longsheng Technology leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Top Gainers in Automotive Parts Sector - Longsheng Technology (300680) closed at 52.56, up 10.98% with a trading volume of 244,400 shares and a turnover of 1.234 billion [1] - Dengyun Co., Ltd. (002715) closed at 24.09, up 10.00% with a trading volume of 125,500 shares and a turnover of 293 million [1] - New Spring Co., Ltd. (603179) closed at 69.15, up 8.64% with a trading volume of 356,600 shares and a turnover of 2.421 billion [1] Market Capital Flow - The automotive parts sector experienced a net outflow of 1.464 billion from institutional investors, while retail investors saw a net inflow of 2.209 billion [2][3] - The top stocks with significant net inflows from retail investors include New Spring Co., Ltd. (623.87 million) and Zhejiang Xiantong (623.87 million) [3] Notable Decliners - Huayang Transmission (839946) closed at 10.83, down 5.83% with a trading volume of 210,200 shares and a turnover of 227 million [2] - Wangcheng Technology (830896) closed at 23.87, down 4.14% with a trading volume of 57,900 shares and a turnover of 138 million [2]

Core Points - The controlling shareholder and actual controller of Longsheng Technology, Mr. Ni Maosheng, has pledged 2.11 million shares, accounting for 4.30% of his holdings and 0.93% of the company's total share capital [1] - Simultaneously, he has released the pledge on 5.24 million shares, which represents 10.67% of his holdings and 2.30% of the company's total share capital [1] - As of the date of this announcement, Mr. Ni Maosheng has a total of 2.11 million pledged shares, which is 4.30% of his holdings and 0.93% of the company's total share capital [1]

证券代码：300680 证券简称：隆盛科技 公告编号：2025-044 无锡隆盛科技股份有限公司 关于控股股东、实际控制人部分股份办理质押及解除质押的公告 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。 无锡隆盛科技股份有限公司（以下简称"公司"）于近日接到公司控股股东、实 际控制人之一倪茂生先生的通知，获悉倪茂生先生将其所持有的部分公司股份办理了 质押及解除质押业务，具体事项如下： 二、公司控股股东部分质押股份解除质押的基本情况 | | 是否为控股股 东及其一致行 | 本次解除质 押数量（股） | 占其所 持股份 | 占公司总 股本比例 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 动人 | | 比例 | | | | | | 倪茂生 | 是 | 5,240,000 | 10.67% | 2.30% | 2023/9/12 | 2025/9/9 | 广发证券股份有 限公司 | | 股东 名称 | | | | | | | | 上述解除质押股份的质押相关情况请参 ...

隆盛科技所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：飞行汽车、氢能 源、汽车零部件、奇瑞汽车概念、机械等。 截至7月10日，隆盛科技股东户数2.25万，较上期减少1.15%；人均流通股7944股，较上期增加1.17%。 2025年1月-6月，隆盛科技实现营业收入12.24亿元，同比增长15.44%；归母净利润1.05亿元，同比增长 1.38%。 分红方面，隆盛科技A股上市后累计派现1.77亿元。近三年，累计派现1.14亿元。 9月10日，隆盛科技盘中上涨2.03%，截至13:02，报49.66元/股，成交3.37亿元，换手率3.95%，总市值 113.08亿元。 机构持仓方面，截止2025年6月30日，隆盛科技十大流通股东中，鹏华碳中和主题混合A（016530）位 居第二大流通股东，持股1085.62万股，相比上期增加328.66万股。永赢先进制造智选混合发起A （018124）位居第三大流通股东，持股586.25万股，相比上期增加258.43万股。前海开源嘉鑫混合A （001765）位居第八大流通股东，持股227.20万股，相比上期减少92.56万股。永赢低碳环保智选混合发 起A（ ...

Summary of Longsheng Technology Conference Call Industry and Company Overview - The conference call focuses on Longsheng Technology, a company in the automotive parts and robotics industry, highlighting its recent developments and market outlook [2][4][5]. Key Points and Arguments 1. **Robotics Hardware Performance**: From September to November, significant performance is expected in the robotics hardware sector, driven by orders from domestic robot companies, the listing of Yushu, and advancements from Tesla, Nvidia, and Foxconn [2][3]. 2. **Automotive Parts Demand**: Longsheng Technology is benefiting from the "Golden September and Silver October" sales peak, with strong orders for new models such as SAIC H5, Wanjie M7, and Tesla Model Y Long Version, indicating a clear upward trend in performance [2][5]. 3. **Harmonic Reducer Development**: Longsheng's subsidiary, Wuxi Weihan Intelligent, has made progress in the harmonic reducer field, developing a lightweight version that reduces weight by 30%-40% and plans to achieve a production capacity of 70,000 units by Q1 2026 [2][6]. 4. **Strategic Investment in Sensor Technology**: Longsheng strategically invested in Die Dong Technology, which developed a high-performance digital liquid sensor that won a Geneva Gold Award, indicating broad application prospects in robotics [2][9]. 5. **Expansion into Semi-Assembly Products**: The company is expanding from core components to semi-assembly products, increasing product value from 500-800 RMB to approximately 2000 RMB, enhancing customer engagement [4][12]. 6. **Sales Forecast**: Longsheng expects to achieve approximately 300 million RMB in revenue this year and over 400 million RMB next year, with a current valuation corresponding to a P/E ratio of 26-27 times [4][15]. 7. **Market Catalysts**: The upcoming months are expected to see multiple catalysts in the robotics sector, including new orders and advancements from key players, which will drive growth in the industry [3][16]. Additional Important Insights - **Collaborative Synergies**: Longsheng leverages its strong customer resources and capital investment to enhance Wuxi Weihan's competitiveness in the humanoid robot market [7][8]. - **Technological Integration**: The company aims to integrate software and hardware in humanoid robotics, enhancing its competitive edge in the market [10]. - **Commercial Aerospace Growth**: Longsheng has seen a doubling in its commercial aerospace sector, indicating potential new growth opportunities [15]. This summary encapsulates the key insights from the conference call, providing a comprehensive overview of Longsheng Technology's current position and future outlook in the automotive and robotics industries.

Company Performance - Longsheng Technology's stock price reached a historical high, increasing by 4.23% to 49.50 yuan, with a trading volume of 4.4746 million shares and a transaction value of 219 million yuan [2] - The company's total market capitalization in A-shares is 11.272 billion yuan, with a circulating market value of 8.704 billion yuan [2] - The company reported a revenue of 1.224 billion yuan for the first half of the year, representing a year-on-year growth of 15.44%, and a net profit of 105 million yuan, with a year-on-year increase of 1.38% [2] Industry Overview - The automotive industry, to which Longsheng Technology belongs, has an overall increase of 1.09%, with 243 stocks rising, including notable gainers like Riyi Electronics, Kuangda Technology, and Huami New Materials, which rose by 10.02%, 10.00%, and 9.13% respectively [2] - Conversely, 51 stocks in the industry experienced declines, with major losers including Haon Electric, Dezong Automotive, and Patel, which fell by 5.44%, 4.27%, and 3.95% respectively [2] Analyst Ratings - In the past 10 days, 7 institutions have rated Longsheng Technology, with a target price set at 45.57 yuan by China International Capital Corporation on September 1 [2]

Core Viewpoint - The satellite ETF (159206) is the first and largest of its kind in the market, gaining significant attention as the satellite sector rebounds amid favorable market conditions [1][3]. Group 1: Market Performance - As of September 5, the satellite ETF (159206) increased by 2.4%, with constituent stocks such as Longsheng Technology rising over 8% and Guangku Technology and Zhuoshengwei both increasing by over 7% [1]. - Over the past month (August 4, 2025, to September 4, 2025), the scale of the satellite ETF (159206) surged by 482% [1]. Group 2: Industry Trends - Recent favorable policies in the satellite communication industry, driven by national strategic initiatives, have accelerated industry development [2]. - The commercial potential of satellite internet is expanding, with applications in smart driving, interstellar communication, and global satellite computing clusters [3]. - The satellite manufacturing sector is currently the core of China's satellite internet development, with the National Certificate Commercial Satellite Communication Industry Index focusing on "satellite manufacturing + satellite launch," allocating approximately 64% to satellite manufacturing [3][4]. Group 3: Investment Opportunities - The market recognizes a slow bull trend, with recommendations to focus on investment opportunities in artificial intelligence and commercial aerospace, which are expected to attract incremental institutional capital [3]. - The satellite ETF (159206) is the only ETF tracking the National Certificate Commercial Satellite Communication Industry Index, with a fund size of 691 million yuan as of September 4, 2025 [4].

Group 1 - Longsheng Technology experienced a decline of 5.07% on September 4, with a stock price of 43.10 yuan per share, a trading volume of 500 million yuan, a turnover rate of 6.32%, and a total market capitalization of 9.815 billion yuan [1] - Longsheng Technology, established on June 16, 2004, and listed on July 25, 2017, operates in the engine exhaust gas recirculation (EGR) system sector, new energy sector, and precision components sector. The revenue composition is 62.71% from other businesses and 37.29% from EGR products and injection systems [1] Group 2 - Debon Fund has a significant holding in Longsheng Technology, with its Debon High-end Equipment Mixed Initiation A Fund (023566) increasing its stake by 143,500 shares in the second quarter, bringing the total to 189,000 shares, which accounts for 6.98% of the fund's net value, making it the seventh-largest holding [2] - The Debon High-end Equipment Mixed Initiation A Fund was established on March 14, 2025, with a latest scale of 13.2597 million yuan and a cumulative return of 8.45% since inception [2] - The fund manager, Lu Yang, has been in position for 1 year and 316 days, managing total assets of 1.198 billion yuan, with the best fund return during his tenure being 201% and the worst being 8.33% [2]

Company Overview - Longsheng Technology Co., Ltd. is located at 99 Zhujiang Road, Xinwu District, Wuxi City, established on June 16, 2004, and listed on July 25, 2017. The company specializes in engine exhaust gas recirculation (EGR) systems, new energy, and precision components [1][2]. Financial Performance - For the first half of 2025, Longsheng Technology achieved a revenue of 1.224 billion yuan, representing a year-on-year growth of 15.44%. The net profit attributable to shareholders was 105 million yuan, with a year-on-year increase of 1.38% [2]. - Since its A-share listing, the company has distributed a total of 177 million yuan in dividends, with 114 million yuan distributed over the past three years [3]. Stock Performance - As of September 4, Longsheng Technology's stock price was 44.47 yuan per share, with a market capitalization of 10.127 billion yuan. The stock has increased by 87.13% year-to-date, with a 4.12% rise over the last five trading days [1]. - The stock's trading volume on September 4 was 272 million yuan, with a turnover rate of 3.40% [1]. Shareholder Structure - As of July 10, the number of shareholders for Longsheng Technology was 22,500, a decrease of 1.15% from the previous period. The average number of circulating shares per person increased by 1.17% to 7,944 shares [2]. - The top ten circulating shareholders include notable funds such as Penghua Carbon Neutral Theme Mixed A and Yongying Advanced Manufacturing Selected Mixed Fund, with significant increases in their holdings [3].

Core Viewpoint - Wuxi Longsheng Technology Co., Ltd. held a specific investor survey on September 3, 2025, revealing significant business information and showcasing its strategic focus on key industries and product development [1]. Group 1: Business Overview - The company reported a year-on-year revenue growth of approximately 4.63% for the first half of 2025 [1]. - The business matrix includes Engine Exhaust Gas Recirculation (EGR) systems, core components for new energy vehicle drive motors, and precision automotive parts, with EGR systems and new energy drive motor components ranking among industry leaders [1]. Group 2: EGR Segment - The EGR segment experienced a year-on-year revenue growth of about 28% in the first half of 2025 [2]. - The company has expanded its customer network in the passenger vehicle EGR market, including major domestic automakers like BYD and Chery, and has entered the supply chains of Chang'an Automobile and Dongfeng Nissan [2]. Group 3: New Energy Core Components - The new energy core component business is a key focus for the company's transformation, moving from "core components" to "core subassemblies" [2]. - The first set of core subassembly products was launched in June 2025, marking a significant breakthrough in the company's strategic transition [2]. Group 4: Robotics Segment - The company positions itself as a core component supplier in the robotics sector, focusing on breakthroughs in key components like harmonic reducers and joint modules [3]. - In the first half of 2025, the company introduced a lightweight harmonic reducer that is 30% to 40% lighter than traditional products, and it is expanding production capacity from approximately 20,000 to about 70,000 units by the first quarter of 2026 [3].