证券日报网讯恒勃股份9月22日在互动平台回答投资者提问时表示，截至2025年9月19日，公司股东人数 为7，669户。 （文章来源：证券日报） ...

Market Overview - On September 18, the automotive parts sector experienced a slight decline of 0.05%, with Hengbo Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the automotive parts sector included: - Suao Sensor (300507) with a closing price of 10.44, up 20.00% and a trading volume of 2.268 million shares, totaling 2.275 billion yuan [1] - Kailong High-Tech (300912) closed at 20.49, up 13.46% with a trading volume of 272,000 shares, totaling 519 million yuan [1] - Wanxiang Qianchao (000559) closed at 11.52, up 10.03% with a trading volume of 4.4027 million shares, totaling 5.004 billion yuan [1] - Conversely, Hengbo Co., Ltd. (301225) saw a significant decline of 8.19%, closing at 96.15 with a trading volume of 56,200 shares, totaling 573 million yuan [2] - Other notable decliners included: - Liangyuan Zhuomei (301398) down 6.14% to 53.84 [2] - Leidi Ke (300652) down 5.25% to 59.90 [2] Capital Flow - The automotive parts sector experienced a net outflow of 4.538 billion yuan from institutional investors, while retail investors saw a net inflow of 5.43 billion yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional and speculative investors [2] Individual Stock Capital Flow - Suao Sensor (300507) had a net inflow of 422 million yuan from institutional investors, while it faced a net outflow of 263 million yuan from speculative investors [3] - Other stocks like Fuda Co. (603166) and Tenglong Co. (603158) also showed varying degrees of net inflow and outflow from different investor categories [3]

Core Insights - Tesla's focus on the development of the Gen3 dexterous hand is crucial for the advancement of humanoid robots, emphasizing its strategic importance in achieving refined and bionic iterations [1][2] - The dexterous hand is a key component for precise operations and intelligent interactions, significantly impacting the learning efficiency of the robot's "brain" [2][4] Summary by Sections Dexterous Hand Development - The dexterous hand is essential for humanoid robots, accounting for approximately half of the overall development effort [2] - Recent advancements in the dexterous hand include a shift towards more refined and bionic designs, which are critical for scaling production [1][2] Gen3 Dexterous Hand Features - Key changes in the Gen3 dexterous hand include: 1. **Motors**: Relocation of motors to the forearm for higher freedom of design and reduced maintenance complexity, with potential use of micro brushless motors [3] 2. **Miniature Ball Screws**: Replacement of worm gears to enhance transmission precision and efficiency [3] 3. **Tendons**: Transition from torque springs to tendon-driven mechanisms for improved finger flexibility [3] 4. **Sensors**: Integration of vision and tactile sensors for enhanced dynamic grasping capabilities [3] 5. **Lightweight Materials**: Adoption of lightweight materials to improve efficiency and lifespan [3] Business Model and Market Potential - The dexterous hand's business model is robust, with potential for earlier market penetration than complete robots, driven by high technical barriers across hardware, algorithms, and application scenarios [4] - Various companies are positioned to benefit from the dexterous hand technology, including: 1. Third-party companies leveraging technology and partnerships for faster production [4] 2. Major firms like Tesla and Xiaomi developing in-house dexterous hand solutions [4] 3. Component manufacturers extending their capabilities into complete hand solutions [4] Investment Recommendations - Companies identified as beneficiaries include Top Group, Zhenyu Technology, Wuzhou New Spring, Longsheng Technology, and others [5]

9月16日，恒勃股份盘中上涨2.17%，截至11:07，报96.25元/股，成交1.39亿元，换手率4.92%，总市值 99.50亿元。 资金流向方面，主力资金净流入863.15万元，特大单买入252.02万元，占比1.81%，卖出236.72万元，占 比1.70%；大单买入3202.84万元，占比23.02%，卖出2355.00万元，占比16.93%。 恒勃股份今年以来股价涨268.38%，近5个交易日跌2.04%，近20日涨14.76%，近60日涨17.91%。 今年以来恒勃股份已经6次登上龙虎榜，最近一次登上龙虎榜为9月9日。 资料显示，恒勃控股股份有限公司位于浙江省台州市海昌路1500号，成立日期2005年10月18日，上市日 期2023年6月16日，公司主营业务涉及内燃机进气系统及配件的研发、生产和销售。主营业务收入构成 为：汽车进气系统及配件60.23%，摩托车进气系统及配件34.60%，通用机械进气系统及配件2.66%，其 他(补充)2.52%。 恒勃股份所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：氢能源、奇瑞汽 车概念、储能、汽车零部件、新能源车等。 截至9月10日， ...

Core Viewpoint - Hengbo Co., Ltd. has announced the establishment of a joint venture, Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd., in collaboration with Anhui Kaizheng Venture Capital Partnership, to engage in the research, production, and sales of automotive interior components [2] Group 1: Joint Venture Details - The joint venture will have a registered capital of RMB 20 million, with Hengbo contributing RMB 10.2 million, representing 51% of the capital, while Kaizheng will contribute RMB 9.8 million, representing 49% [2] - The newly established company plans to acquire 100% equity of Anhui Kaizheng Automotive Electronics Co., Ltd. from its current shareholders through cash transactions [2] Group 2: Regulatory Approval - Jiangsu Hengbo Kaizheng has completed its registration following approval from the Liyang Municipal Administration Service Management Office [2]

New Stock Issuance - YouSheng Co., Ltd. (Securities Code: 732418) issued shares at a price of 46.36 RMB on September 12, 2025[1] - *ST Tianmao (Securities Code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - *ST Zitian (Securities Code: 300280) enters the delisting arrangement period starting September 15, 2025[1] Trading Alerts - Hangke Technology (Securities Code: 688006) reported severe abnormal fluctuations on September 11, 2025[1] - Shanghai Electric Power (Securities Code: 600021) had a trading volume of 8,487 on September 10, 2025[1] - Tianji Co., Ltd. (Securities Code: 002759) reported a trading volume of 8,705 on September 10, 2025[1] Abnormal Fluctuations - ST Lingnan (Securities Code: 002717) reported a trading volume of 7,965 on September 10, 2025[3] - ST Huaxi (Securities Code: 002630) reported a trading volume of 9,579 on September 11, 2025[3] - ST Jianye (Securities Code: 600381) reported a trading volume of 5,420 on September 3, 2025[3]

证券代码：301225 证券简称：恒勃股份 公告编号：2025-056 恒勃控股股份有限公司 关于对外投资进展暨设立合资公司并取得营业执照的公告 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、误导性陈述或者重大遗漏。 一、对外投资概述 恒勃控股股份有限公司（以下简称"公司"或"恒勃股份"）于 2025 年 9 月 5 日召开了第四届董事会第十二次会议和第四届监事会第十二次会议，分别审议通过 了《关于对外投资设立合资公司并购买股权的议案》，同意公司与安徽凯正创业投 资合伙企业（有限合伙）（以下简称"凯正合伙"）在江苏省溧阳市合资设立江苏 恒勃凯正汽车电子有限公司（以下简称"江苏恒勃凯正"），开展汽车内饰件的研 发、生产及销售业务。江苏恒勃凯正注册资本为人民币 2,000.00 万元，其中恒勃股 份以自有资金认缴出资人民币 1,020.00 万元，占江苏恒勃凯正注册资本的 51%；凯 正合伙以自有资金认缴出资人民币 980.00 万元，占江苏恒勃凯正注册资本的 49%。江苏恒勃凯正成立后，拟以现金的方式收购石恩奇、广东敏弘新材料科技有 限公司及方永合计持有的安徽凯正汽车电子有限公司（以 ...

Group 1 - The core point of the article is that Hengbo Co., Ltd. has reported a decrease in the number of shareholders by 6.58% as of September 10, with a total of 6,248 shareholders, down by 440 from the previous period [1] - The closing price of Hengbo Co., Ltd. on the reporting date was 99.28 yuan, reflecting an increase of 3.42%, and the stock price has risen by a cumulative 32.37% since the concentration of shares began [1] - The company's semi-annual report indicates that it achieved an operating income of 468 million yuan in the first half of the year, representing a year-on-year growth of 17.91%, and a net profit of 66.44 million yuan, up 14.50% year-on-year, with basic earnings per share of 0.6500 yuan and a weighted average return on equity of 4.43% [1]

证券代码：301225 证券简称：恒勃股份 公告编号：2025-055 恒勃控股股份有限公司 关于 2025 年限制性股票激励计划 第一类限制性股票首次授予登记完成的公告 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。 重要内容提示： ●第一类限制性股票上市日：2025 年 9 月 11 日 ●第一类限制性股票的登记数量及占比：29.80 万股，占登记前公司股本总 额的 0.29% ●第一类限制性股票的登记人数：32 人 ●第一类限制性股票的首次授予价格：42.72 元/股 ●股票来源：公司从二级市场回购的公司 A 股普通股股票 根据《上市公司股权激励管理办法》《深圳证券交易所创业板上市公司自律 监管指南第 1 号——业务办理》及深圳证券交易所、中国证券登记结算有限责任 公司深圳分公司的有关规定，恒勃控股股份有限公司（以下简称"公司"）完成 了 2025 年限制性股票激励计划（以下简称"本激励计划"）第一类限制性股票 的首次授予登记工作，现将有关事项说明如下： 一、本激励计划已履行的相关审批程序 （一）2025 年 6 月 11 日，公司召开第四届董事会第九次 ...

Core Viewpoint - The article highlights the phenomenon of "style drift" in public funds, where several funds have deviated significantly from their stated investment themes, raising concerns in the market [1][11]. Fund Analysis - The Qianhai Kaiyuan Great Security Core Mixed Fund, despite being themed around "Great Security," shows a notable deviation in its actual holdings, which span various sectors including semiconductors, software development, aerospace equipment, insurance, and automotive parts [2][11]. - As of the second quarter of 2025, the fund's top ten holdings include companies like Jiehuate, Guiding Compass, and China Ping An, with a sector distribution of 45.31% in technology, 34.64% in manufacturing, and 16.86% in finance [2][3]. Investment Performance - The fund manager, Liu Hong, has achieved a total return of 53.27% since taking over the fund on August 8, 2022, with an annualized return of 14.80% [4]. - As of September 2025, the fund's performance over the past year reached 105.62%, with two-year and five-year returns of 87.02% and 81.70%, respectively, leading to a total return of 199.80% and an annualized return of 10.91% [5]. Trading Activity - The fund exhibits a highly aggressive investment style, with a turnover rate of 1143.55% in the first half of 2025 and 813.82% at the end of 2024, indicating frequent adjustments in its portfolio [7][8]. - This high turnover rate, combined with the deviation from its investment theme, raises questions about the sustainability and stability of its investment strategy [7]. Market Context - Liu Hong noted that the fund's performance was impacted by the imposition of reciprocal tariffs by the U.S. and China, leading to significant market fluctuations. However, subsequent negotiations and supportive domestic policies resulted in a rebound in A-shares [10]. - The fund's strategy focuses on mid-term performance trends of listed companies and industry trends, particularly in TMT (Technology, Media, and Telecommunications), non-bank financials, and machinery sectors [10]. Fund Characteristics - The fund has a scale of 153 million yuan, which, while not large, is stable and far from the liquidation threshold [11]. - The article serves as a warning to investors about the importance of scrutinizing a fund's actual holdings and investment logic rather than relying solely on its name, to avoid falling into the "style drift" trap [11].