Group 1 - The State Intellectual Property Office of China has granted a patent to Alt Automotive Technology Co., Ltd. for a "Chassis Structure and Vehicle," with the authorization announcement number CN223327587U, applied for on November 2024 [1] - The patent describes a chassis structure that includes a front floor assembly, battery pack, and positioning components, enhancing the overall strength and impact resistance of the front floor assembly [1] - The design allows for effective positioning of the battery pack during replacement, minimizing structural damage from frequent battery changes [1] Group 2 - Alt Automotive Technology Co., Ltd. was established in 2007 and is located in Beijing, primarily engaged in professional technical services [2] - The company has a registered capital of 4,980.40481 million RMB and has invested in 35 enterprises, participated in 211 bidding projects, and holds 2,475 patent records [2] - Additionally, the company has 156 trademark records and possesses 10 administrative licenses [2]

Summary of Key Points Core Viewpoint - On September 15, a significant block trade of 1.821 million shares of Alter was executed, amounting to 19.594 million yuan, which represented 9.09% of the total trading volume for the day. The transaction price was 10.76 yuan, reflecting an 8.89% discount compared to the market closing price of 11.81 yuan [1]. Group 1: Trade Details - The block trade involved multiple transactions with a total volume of 182.1 million shares and a total value of 19.594 million yuan [1]. - The executed price of 10.76 yuan was lower than the market closing price, indicating a notable discount of 8.89% [1]. - The trades were facilitated by Guangfa Securities and CITIC Securities, with various trading departments involved in the buying and selling process [2]. Group 2: Transaction Breakdown - Specific transactions included: - 50,000 shares at 10.76 yuan, totaling 538,000 yuan [2]. - 71,000 shares at 10.76 yuan, totaling 763.96 thousand yuan [2]. - 40,000 shares at 10.76 yuan, totaling 430.40 thousand yuan [2]. - 21,100 shares at 10.76 yuan, totaling 227.04 thousand yuan [2]. - All transactions occurred on the same date, indicating a concentrated trading activity for Alter [2].

Summary of Key Points Core Viewpoint - On September 12, Altr completed three block trades totaling 4.87 million shares, with a transaction value of 50.79 million yuan, at a price of 10.43 yuan per share, representing a discount of 12.79% compared to the closing price of the day [2]. Trading Activity - In the last three months, Altr has recorded a total of six block trades with a cumulative transaction value of 87.24 million yuan [2]. - The closing price of Altr on the same day was 11.96 yuan, reflecting an increase of 3.19%, with a daily turnover rate of 5.36% and a total transaction amount of 308 million yuan [2]. - The net inflow of main funds for the day was 28.82 million yuan, while the stock has seen a cumulative increase of 3.55% over the past five days, with a total net outflow of funds amounting to 1.63 million yuan [2]. Margin Trading Data - The latest margin financing balance for Altr stands at 491 million yuan, with an increase of 8.77 million yuan over the past five days, representing a growth rate of 1.82% [2].

Summary of Key Points Core Viewpoint - On September 12, a total of 91 stocks were traded on the block trading platform, with a cumulative trading volume of 472 million shares and a total transaction amount of 6.889 billion yuan, indicating active trading in the market [1]. Group 1: Major Transactions - The highest transaction amount was for Shanghai Pudong Development Bank, with 2 transactions totaling 4.531 billion yuan [1]. - Following closely was Guangqi Technology, which had 3 transactions amounting to 224 million yuan [1]. Group 2: Stock Performance - Shanghai Pudong Development Bank experienced a price drop of 3.68%, closing at 13.60 yuan, with a transaction price of 13.81 yuan, reflecting a premium of 1.54% [1]. - Guangqi Technology saw a slight decline of 0.89%, closing at 46.82 yuan, with a transaction price of 45.65 yuan, indicating a discount of 2.50% [1]. - Hengli Petrochemical and Huichuan Technology also reported declines of 1.91% and 1.26%, respectively, with closing prices of 16.96 yuan and 79.68 yuan [1]. Group 3: Notable Gainers - Shengguang Technology and Sanxia Tourism reported gains of 0.47% and 10.03%, closing at 339.58 yuan and 7.02 yuan, respectively [1]. - Other notable gainers included Huatu Shanding and Cambrian Technology, with increases of 3.38% and 7.28%, closing at 71.90 yuan and 1488.00 yuan [1].

Market Overview - On September 12, the automotive service sector rose by 0.53% compared to the previous trading day, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Haowu Co., Ltd. (000757) closed at 6.48, with a significant increase of 10.02%, trading volume of 412,000 shares and a turnover of 260 million yuan [1] - Other notable performers included: - Alter (300825) at 12.03, up 3.80% with a turnover of 215 million yuan [1] - Shenbo Holdings (600653) at 2.25, up 2.27% with a turnover of 228 million yuan [1] - Shanghai Wumao (600822) at 12.29, up 0.82% with a turnover of 175 million yuan [1] Capital Flow - The automotive service sector saw a net inflow of 100 million yuan from institutional investors, while retail investors experienced a net outflow of approximately 60.4 million yuan [2] - The main capital flow details indicate: - Haowu Co., Ltd. had a net inflow of 46.97 million yuan from institutional investors, while retail investors had a net outflow of 22.24 million yuan [3] - Alter experienced a net inflow of 28.15 million yuan from institutional investors, with a net outflow of 28.90 million yuan from retail investors [3]

Core Viewpoint - The company is a forward-looking technology-driven innovation enterprise focused on the full-process development of complete vehicles and platforms, as well as core component R&D and manufacturing [2] Group 1: Company Overview - The company has successfully developed nearly 500 vehicle models for over 80 domestic and international clients [2] - With over 20 years of industry experience, the company leads in vehicle development technology, R&D personnel allocation, and industry recognition [2] Group 2: Current Challenges - The company is currently facing operational pressure due to factors such as industry price competition, downstream customer structure, and strategic transformation investments [2] Group 3: Future Strategy - The company aims to deepen technical trust and business cooperation with overseas clients, focusing on improving operational quality and efficiency [2] - The goal is to enhance investor confidence and provide returns to small and medium shareholders through sustained and stable performance [2]

Market Overview - On September 11, the automotive service sector rose by 0.61% compared to the previous trading day, with Haowu Co., Ltd. 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] Stock Performance - Key stocks in the automotive service sector showed varied performance, with Haowu Co., Ltd. closing at 5.89, up 2.61%, and Xiamen Xinda Co., Ltd. closing at 5.88, down 0.51% [1][2] - The trading volume and turnover for Haowu Co., Ltd. reached 264,800 shares and 153 million yuan, respectively [1] Capital Flow - The automotive service sector experienced a net outflow of 18.93 million yuan from institutional investors and 22.95 million yuan from speculative funds, while retail investors saw a net inflow of 41.89 million yuan [2] - The detailed capital flow indicates that China Automotive Research saw a net inflow of 17.24 million yuan from retail investors, despite a net outflow from institutional and speculative funds [3] Individual Stock Analysis - China Automotive Research had a net inflow of 17.24 million yuan from retail investors, while institutional investors had a net outflow of 13.14 million yuan [3] - Haowu Co., Ltd. also saw a net inflow of 7.59 million yuan from institutional investors, but a net outflow from speculative funds [3]

Group 1 - The company maintains an open cooperation attitude and actively engages with leading enterprises in the industry to explore technological and business collaborations [1] - The goal is to build a collaborative and win-win ecosystem within the automotive development sector [1] - The company will comply with relevant laws and regulations regarding information disclosure if any business progress meets the disclosure standards [1]

Core Viewpoint - The company, Altec (300825), is focused on the full-process research and development of complete vehicles and platforms, as well as the development and manufacturing of core components, with a diverse client base including major automotive manufacturers and new energy vehicle companies [1] Company Overview - Altec's main business includes the R&D of complete vehicles and platforms, development of new energy intelligent platforms, and manufacturing of core components [1] - The company serves a variety of clients such as Honda, Nissan, Toyota, FAW, Dongfeng, BAIC, JMC, Chery, and several new energy vehicle companies, including Xpeng [1] Industry Engagement - Altec is closely monitoring innovations in the low-altitude economy and is actively communicating with leading companies in the industry [1] - Currently, Altec has not participated in the supply chain support for clients' flying cars [1]

Core Viewpoint - The company is advancing several research and development projects related to distributed driving and intelligent chassis platforms, focusing on high-level autonomous driving solutions [1] Group 1: R&D Projects - The company is developing the ISDC distributed driving steering platform, RUBIK centralized driving steering skateboard chassis platform, and intelligent chassis for logistics vehicles [1] - These projects incorporate cutting-edge technologies such as decoupling, steer-by-wire chassis, four-wheel independent steering, and active suspension [1] Group 2: Application and Industry Engagement - The technologies have already been applied in the field of unmanned logistics vehicles [1] - The company is closely monitoring technological innovations and industry dynamics in the unmanned logistics sector and is actively engaging with leading enterprises to explore business opportunities [1]