Group 1 - Dezhong Automobile experienced a 30% limit-up in stock price [1] - Zhongqi Shares saw a 20% limit-up in stock price [1] - Other companies such as Shanghai Womao, China Automotive Research, and Taotao Automotive also reached limit-up [1] Group 2 - Companies like Beiba Media and Huayang Racing followed the upward trend with significant gains [1]

Market Overview - On September 18, the automotive service sector rose by 4.94%, led by Dezhong Automobile, while the Shanghai Composite Index closed at 3831.66, down 1.15% [1] - The Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Dezhong Automobile (code: 838030) closed at 9.88, with a significant increase of 30.00% and a trading volume of 369,800 shares, amounting to a transaction value of 348 million yuan [1] - Zhongqi Co., Ltd. (code: 301215) saw a rise of 19.82%, closing at 7.80 with a trading volume of 1,542,300 shares, totaling 1.169 billion yuan [1] - Other notable performers include Shanghai Wumao (code: 600822) with a 6.80% increase, closing at 13.19, and China Automotive Research (code: 601965) with a 5.19% increase, closing at 19.04 [1] Capital Flow - The automotive service sector experienced a net inflow of 401 million yuan from institutional investors, while retail investors saw a net outflow of 305 million yuan [2] - Speculative funds had a net outflow of 95.21 million yuan [2] Detailed Capital Flow Analysis - Shanghai Wumao had a net inflow of 189 million yuan from institutional investors, while it faced a net outflow of 102 million yuan from speculative funds and 87.76 million yuan from retail investors [3] - China Automotive Research saw a net inflow of 113 million yuan from institutional investors, with net outflows from both speculative and retail investors amounting to 66.73 million yuan and 46.73 million yuan, respectively [3] - Other companies like Shenhua Holdings (code: 600653) and Haowu Co. (code: 000757) also showed varied capital flows, with institutional inflows and retail outflows [3]

Group 1 - The automotive service sector experienced significant gains, with Dezhong Automotive reaching a 30% limit-up, and China Automotive Technology & Research Center achieving a 20% limit-up [1] - Other companies such as Shanghai Material Trade, China Automotive Research, and Taotao Automotive also hit the limit-up, indicating a strong upward trend in the sector [1] - Additional companies like Beiba Media and Huayang Racing saw increases, reflecting a broader positive movement within the automotive service industry [1]

Group 1 - The smart driving concept experienced a significant surge in early trading on September 18, with multiple companies seeing substantial gains [1] - Dezhong Automobile reached the daily limit up, indicating strong investor interest and confidence in the sector [1] - Other companies such as Kobot, China Automotive Technology and Research Center, Guangyang Co., and others also hit the daily limit up, reflecting a broad rally in the smart driving industry [1]

Core Viewpoint - The company, Zhongqi Co., Ltd. (中汽股份), is engaged in providing automotive testing services and has seen a slight increase in stock price, indicating potential investor interest despite mixed market conditions [1]. Group 1: Company Performance - As of September 17, 2025, Zhongqi Co., Ltd. closed at 6.51 yuan, up 0.77% with a turnover rate of 0.75% and a trading volume of 98,700 shares, amounting to a transaction value of 63.92 million yuan [1]. - The company has been involved in providing testing services for vehicles equipped with the Hongmeng Zhixing intelligent vehicle system, indicating its role in the automotive technology sector [1]. Group 2: Market Dynamics - On September 17, 2025, the main funds experienced a net outflow of 4.02 million yuan, while retail investors saw a net inflow of 3.95 million yuan, suggesting differing investor sentiments [2]. - The company is classified under the professional technical services industry according to the China Securities Regulatory Commission and falls within the automotive comprehensive services sector according to Shenwan classification [1].

Core Viewpoint - The stock price of the company is influenced by various factors including macroeconomic conditions, market cycles, industry competition, company performance, and market expectations [1] Group 1 - The company is committed to continuously improving its management capabilities and enhancing its core competitiveness [1] - The company aims to provide better performance to return value to investors [1]

中证报中证网讯(王珞)2025年9月16日，中汽股份（301215）召开2025年第三次临时股东大会，审议通 过了《关于收购中汽研汽车检验中心(呼伦贝尔)有限公司100%股权暨关联交易的议案》。 此前公告显示，为解决同业竞争，履行公司控股股东中国汽车技术研究中心有限公司(下称"中汽中心") 对资本市场的承诺，完善中汽股份场地试验技术服务能力体系，强化战略布局，进一步增强核心竞争 力，发挥协同效应，公司拟以现金1.11亿元收购中汽中心全资子公司中汽研汽车检验中心(天津)有限公 司所持有的中汽研汽车检验中心(呼伦贝尔)有限公司(下称"极限检验中心")100%股权。本次交易完成 后，极限检验中心将成为公司全资子公司，纳入公司合并报表范围。 本次交易是中汽股份战略发展的重要里程碑，通过将国内首个且唯一以高寒为特色的国家级检测中心 (即极限检验中心)纳入上市公司体系，不仅显著增强了公司的核心竞争能力，更从战略布局、财务表现 及股东回报方面带来多重积极影响。 公司表示，极限检验中心经营状况良好，盈利能力较强。2025年1-4月，极限检验中心实现营业收入 7134.38万元、净利润1526.65万元，净资产收益率(ROE) ...

Core Viewpoint - The company, Zhongqi Co., provides technical services for automotive testing environments and scenarios, catering to various clients in the automotive industry, including vehicle manufacturers and testing institutions [1] Group 1: Business Operations - The main business of Zhongqi Co. involves constructing automotive testing environments and scenarios [1] - The company offers testing technical services to clients such as automotive manufacturers, testing institutions, chassis component system companies, and tire manufacturers [1] Group 2: Clientele and Technology - Some of the company's clients have vehicles equipped with the HarmonyOS intelligent vehicle system, for which Zhongqi Co. provides corresponding testing technical services [1]

Group 1 - The automotive service sector experienced a decline of 0.27% on September 17, with Shanghai Wumart leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] - Key stocks in the automotive service sector showed mixed performance, with notable gainers including Jiaoyun Co. (+1.00%) and Zhongqi Co. (+0.77%), while Shanghai Wumart (-1.75%) and Sunbo Holdings (-1.28%) led the declines [1][2] Group 2 - The automotive service sector saw a net outflow of 69.16 million yuan from main funds, while retail investors contributed a net inflow of 77.21 million yuan [2] - The trading volume for key stocks varied, with Jiaoyun Co. recording a volume of 174,100 shares and Zhongqi Co. at 98,700 shares, while Shanghai Wumart had a volume of 153,400 shares [1][2]

Core Viewpoint - The acquisition of 100% equity in the Extreme Testing Center by the company is a significant strategic milestone, enhancing its core competitiveness and bringing multiple positive impacts on strategic layout, financial performance, and shareholder returns [2][4][6]. Group 1: Strategic Importance of the Acquisition - The Extreme Testing Center is the only national center in China focused on automotive testing in cold environments, which adds a rare qualification to the company, significantly enhancing its technical authority in seasonal and scenario testing services [4][6]. - This acquisition resolves potential industry competition issues and improves the company's governance structure, aligning with the State-owned Assets Supervision and Administration Commission's requirements for central enterprises [4][6]. - The acquisition allows the company to extend its service capabilities to extreme environments, creating a comprehensive testing service system that includes both conventional and extreme conditions, thus expanding its business boundaries [6][7]. Group 2: Financial Implications - The cash acquisition avoids equity dilution, protecting existing shareholders' interests while optimizing capital allocation efficiency [7][8]. - The Extreme Testing Center has shown strong financial performance, with a revenue of 71.34 million yuan and a net profit of 15.27 million yuan in the first four months of 2025, indicating a return on equity (ROE) of 15.08% [8][9]. - The integration of the Extreme Testing Center is expected to enhance the company's key financial metrics, directly increasing net profit and ROE post-acquisition [8][9]. Group 3: Shareholder Value and Market Confidence - The acquisition aligns with the company's commitment to value management and is seen as a practical step to enhance intrinsic value and return to investors [10][12]. - The company has consistently implemented cash dividends since its listing, with a total dividend amount of approximately 300 million yuan and a dividend ratio of 61.10% for 2024, indicating a strong commitment to shareholder returns [10][12]. - The management emphasizes that this acquisition is a key move to secure a strategic position in the new energy vehicle testing market, enhancing the company's service capabilities and opening up high-value growth opportunities [12][13].