Company Overview - Changsheng Bearing is located in Jiaxing, Zhejiang Province, and was established on June 14, 1995. The company was listed on November 6, 2017. Its main business involves the research, production, and sales of self-lubricating bearings and high-performance polymers [1]. - The company's revenue composition includes: 48.26% from metal-plastic polymer self-lubricating rolled bearings, 25.44% from bimetal boundary lubricated rolled bearings, 23.51% from metal-based self-lubricating bearings, and 2.79% from other sources [1]. Financial Performance - For the period from January to September 2025, Changsheng Bearing achieved a revenue of 935 million yuan, representing a year-on-year growth of 11.97%. The net profit attributable to the parent company was 188 million yuan, with a year-on-year increase of 11.01% [2]. - Since its A-share listing, the company has distributed a total of 747 million yuan in dividends, with 394 million yuan distributed over the past three years [3]. Stock Performance - As of December 25, the stock price of Changsheng Bearing increased by 2.04%, reaching 81.97 yuan per share, with a total market capitalization of 24.491 billion yuan. The stock has risen by 170.63% year-to-date [1]. - The stock has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on July 21, where it recorded a net buy of 383 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Changsheng Bearing was 73,000, an increase of 6.50% from the previous period. The average circulating shares per person decreased by 6.11% to 2,655 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 2.5488 million shares, an increase of 1.425 million shares from the previous period [3].

浙江长盛滑动轴承股份有限公司 关于实际控制人的一致行动人 权益变动触及 1%及 5%整数倍暨权益变动的提示性公告 证券代码：300718 证券简称：长盛轴承 公告编号：2025-068 实际控制人的一致行动人孙薇卿女士保证向本公司提供的信息内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责 任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、本次权益变动属于股东减持股份，不触及要约收购。 2、公司实际控制人的一致行动人孙薇卿女士在本次权益变动后持有公司股份 42,079,000 股，占公司股份总数的 14.08%，占已剔除公司回购专用证券账户中的股份 数量后的公司股份总数的 14.16%。孙薇卿女士及一致行动人合计持有公司股份 149,389,781 股，占公司股份总数的 50.00%，占已剔除公司回购专用证券账户中的股 份数量后的公司股份总数的 50.28%。 浙江长盛滑动轴承股份有限公司（以下简称"公司"）于 2025 年 11 月 13 日在巨 潮资讯网（www.cninfo.com.cn）披露了《关于实际控制人的一致行动人 ...

签署日期：2025 年 12 月 22 日 1 信息披露义务人声明 浙江长盛滑动轴承股份有限公司 简式权益变动报告书 上市公司名称：浙江长盛滑动轴承股份有限公司 上市地点：深圳证券交易所 股票简称：长盛轴承 股票代码：300718 信息披露义务人：孙薇卿 通讯地址：浙江省嘉善县罗星街道 及其一致行动人： 信息披露义务人的一致行动人 1：孙志华 信息披露义务人的一致行动人 2：褚晨剑 股权变动性质：股份减少 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公 司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号—— 权益变动报告书》及相关法律、法规和规范性文件编写。 二、信息披露义务人签署本权益变动报告书已获得必要的授权和批准，其 履行亦不违反信息披露义务人章程或内部规则中的任何条款或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》和《公开 发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》的规定， 本报告书已全面披露信息披露义务人在浙江长盛滑动轴承股份有限公司中拥有 权益的股份变动情况；截至本报告书签署之日，除本报告书披露的持股信息外， ...

12月22日，长盛轴承大宗交易成交26.8万股，成交额1784.88万元，占当日总成交额的1.33%，成交价 66.6元，较市场收盘价83.24元折价19.99%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-12-22 | 300718 | 长盛轴承 | 66.60 | 4.80 | 319.68 | 招商证券股份有限 | 浙商证券股份有限 | | | | | | | | 公司西安北大街证 | 公司嘉善阳光东路 | | | | | | | | 券营业部 | 证券营业部 | | 2025-12-22 | 300718 | 长盛轴承 | 66.60 | 4.50 | 299.70 机构专用 | | 浙商证券股份有限 | | | | | | | | | 公司嘉善阳光东路 | | | | | | | | | 证券营业部 | | 2025-12-22 | 3007 ...

Core Insights - The A-share robotics sector experienced a significant rally, with multiple companies seeing substantial gains, driven by positive sentiment and news surrounding humanoid robots [1] Group 1: Market Performance - Companies such as Jingzhida saw an increase of over 18%, while Keda Automation and Sanfeng Intelligent rose by over 15% and 10% respectively [1] - Other notable performers included Tianqiao Hoisting, Hengtong Optic-Electric, and Yidelong, all reaching the 10% daily limit up, while Shuangfei Group and Bohai Automotive increased by over 9% [1][2] - The overall market sentiment is reflected in the year-to-date performance, with Jingzhida up 239.75%, Keda Automation up 60.52%, and Hengtong Optic-Electric up 54.12% [2] Group 2: Catalysts and Developments - A viral video of a backflip performed by a humanoid robot at a concert, which was shared by Elon Musk, contributed to the heightened interest in the robotics sector [1] - Morgan Stanley's report titled "2026 Outlook: The Humanoid Robot Horizon" highlighted several catalysts expected to drive growth in the sector, including the upcoming release of Tesla's Optimus Gen 3, potential supportive policies in the U.S., technological breakthroughs, and the entry of tech giants [1] - UBTECH secured a contract worth nearly 60 million yuan for a data collection project in the Greater Bay Area, with all products being their industrial humanoid robot Walker S2, indicating strong demand with annual orders nearing 1.4 billion yuan by 2025 [1]

公司始创于1995 年6 月，2017 年11 月在深圳证券交易所创业板成功上市。 公司主要产品包括自润滑轴承、高性能改性工程塑料及氟塑料制品等，广泛应用于汽车、工程机械、机 器人、能源、港口机械、塑料机械、农业机械等行业。公司研发能力深厚，作为行业标准的主要制定者 之一，在国内外自润滑轴承行业均具有较高的品牌知名度和行业影响力，下游客户包括卡特彼勒、利勃 海尔、三一集团、豪迈科技等众多国内外知名企业。 公司为自润滑轴承龙头，具备较高品牌知名度 人形机器人量产路线清晰，有望打开公司第二增长曲线 当前人形机器人量产路线清晰，主要企业纷纷瞄准2026 年作为量产关键节点。公司在机器人领域的研 究方向主要是应用于关节处的自润滑轴承、部分直线执行器中的产品以及灵巧手的相关部件，下游客户 包括宇树科技等业内领先企业，目前公司部分产品在机器人零部件领域已实现批量销售，部分产品尚处 于送样及试验阶段，机器人业务收入规模占比较小，未来重点关注机器人业务进展。 盈利预测与估值 中性情景下，我们预计公司2025-2027 年实现营收12.91、14.87、17.07 亿元；归母净利润分别为2.71、 3.08、3.59 亿元；E ...

Group 1 - A total of 78 stocks in the A-share market experienced block trading today, with a total transaction value of 3.755 billion yuan [1] - The top three stocks by transaction value were Minsheng Bank (2.149 billion yuan), WuXi AppTec (430 million yuan), and Luxin Technology (119 million yuan) [1] - Among the stocks, 8 were traded at par, 3 at a premium, and 67 at a discount; the highest premium rates were for AVIC Optoelectronics (8.04%), Zhongke Shuguang (7.92%), and Haowei Group (2.07%) [1] Group 2 - The top buying amounts from institutional special seats were led by WuXi AppTec (251 million yuan) and Minsheng Bank (108 million yuan) [2] - The top selling amounts from institutional special seats included Jintian Titanium Industry (18.74 million yuan) and Huilong New Materials (9.97 million yuan) [2]

Investment Rating - The report assigns a "Buy" rating to the company, with a target price based on a projected PE of 86.90 times for 2025 [8]. Core Insights - The company is a leader in self-lubricating bearings, with a strong brand reputation and extensive application across various industries including automotive, engineering machinery, and robotics [2][21]. - The global bearing market is expected to grow from approximately $145.19 billion in 2025 to $329.4 billion by 2034, with self-lubricating bearings showing significant advantages in specific applications [5][33]. - The automotive sector is projected to maintain growth, with global sales expected to reach 95.31 million units in 2024, reflecting a 2.65% year-on-year increase, which will drive demand for self-lubricating bearings [6][42]. - The engineering machinery sector is experiencing a recovery, with significant sales growth expected, further increasing the demand for self-lubricating bearings [6][55]. - The company is actively developing its robotics business, focusing on self-lubricating bearings for joints and other components, with potential for significant revenue growth in the future [7][66]. Summary by Sections Company Overview - The company specializes in self-lubricating bearings and has a high brand recognition, being a key player in the industry since its establishment in 1995 and listing on the Shenzhen Stock Exchange in 2017 [21][22]. - The product range includes self-lubricating bearings and high-performance polymers, with applications in various sectors such as automotive, engineering machinery, and renewable energy [22][24]. Industry Background - The bearing industry is categorized into sliding and rolling bearings, with self-lubricating bearings gaining traction due to their advantages in maintenance and operational costs [32][35]. - The automotive market is expected to see an increase in the number of self-lubricating bearings used per vehicle, driven by trends towards lightweight and reliable components [42][45]. - The engineering machinery sector is witnessing a rebound, with increased sales of excavators and loaders, which will enhance the demand for self-lubricating bearings [51][55]. - The wind power sector is also growing, with a shift towards self-lubricating bearings in large wind turbines, indicating a trend of "sliding replacing rolling" [59][63]. Financial Forecast and Valuation - Revenue projections for the company are estimated at 1.29 billion, 1.49 billion, and 1.71 billion yuan for 2025, 2026, and 2027 respectively, with net profits expected to reach 271 million, 308 million, and 359 million yuan in the same years [8][12].

12月11日，长盛轴承大宗交易成交5.6万股，成交额395.47万元，占当日总成交额的0.95%，成交价70.62 元，较市场收盘价80.25元折价12%。 | 权益类证券大宗交易(协议交易) | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | 2025-12-11 | 300718 | 长盛轴承 | 70.62 | 5.60 | 395.47 机构专用 | | 浙商证券股份有限 公司嘉善阳光东路 证券营业部 | ...

| 权益类证券大宗交易(协议交易) | | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | | 2025-12-09 | 300718 | 长盛轴承 | 72.92 | 2.75 | 200.53 机构专用 | | 浙商证券股份有限 公司嘉善阳光东路 证券营业部 | | 12月9日，长盛轴承大宗交易成交2.75万股，成交额200.53万元，占当日总成交额的0.45%，成交价72.92 元，较市场收盘价82.86元折价12%。 ...