Market Overview - The Shanghai Composite Index closed flat compared to the previous day, while the CSI 300 rose by 0.6%, the STAR 50 increased by 1.2%, the CSI 1000 fell by 0.4%, and the ChiNext Index rose by 1.6% [4] - The best-performing sectors included Media (+2.2%), Communication (+2.0%), Non-ferrous Metals (+1.9%), Electric Equipment (+1.6%), and Computer (+1.5%), while the worst-performing sectors were Textiles and Apparel (-1.5%), Comprehensive (-1.3%), Agriculture, Forestry, Animal Husbandry and Fishery (-1.2%), Home Appliances (-1.1%), and Transportation (-1.0%) [4] - The total trading volume in the Shanghai and Shenzhen markets was 23,711 billion, with a net inflow of 11.05 billion HKD from southbound funds [4] Important Recommendations Meili Xin (301307) - The company is a global leader in precision die-casting and is expected to explore new markets in liquid cooling, humanoid robots, and semiconductors [5] - The recommendation logic includes anticipated performance recovery and new business opportunities in liquid cooling, humanoid robots, and semiconductors [5] - Revenue projections for 2025-2027 are 4,190 million, 5,192 million, and 5,991 million, with growth rates of 14.5%, 23.9%, and 15.4% respectively [5] Weiteng Electric (688226) - The company is a leading domestic busbar manufacturer, positioned in the high-growth AIDC sector, with solar and energy storage businesses driving growth [6] - Revenue projections for 2025-2027 are 4,109.27 million, 4,806.30 million, and 5,645.62 million, with growth rates of 18.06%, 16.96%, and 17.46% respectively [7] Xizhuang Co., Ltd. (001332) - The company is a leader in high-end pressure vessels and is benefiting from trends in controllable nuclear fusion [8] - Revenue projections for 2025-2027 are 1,367.66 million, 1,504.43 million, and 1,654.87 million, with growth rates of -10.83%, 10.00%, and 10.00% respectively [8] Hanwei Technology (300007) - The company is a leading sensor manufacturer, with flexible sensors opening new growth opportunities [9] - Revenue projections for 2025-2027 are 2,502.43 million, 2,833.99 million, and 3,225.08 million, with growth rates of 12.34%, 13.25%, and 13.80% respectively [9]

Group 1 - The core point of the article highlights the recent decline in the stock price of Meilixin, which fell by 5.11% to 37.89 CNY per share, with a trading volume of 213 million CNY and a turnover rate of 5.07%, resulting in a total market capitalization of 7.98 billion CNY [1] - Meilixin Technology Co., Ltd. is located in Banan District, Chongqing, and was established on May 14, 2001. The company was listed on April 24, 2023, and its main business involves the research, development, production, and sales of aluminum alloy precision die-casting parts in the communication and automotive sectors [1] - The revenue composition of Meilixin's main business includes automotive parts at 64.79%, communication structural components at 29.88%, other supplementary parts at 3.84%, and other components at 1.49% [1] Group 2 - From the perspective of Meilixin's top ten circulating shareholders, data shows that a fund under Huaxia Fund is among the top shareholders. Huaxia Industrial Upgrade Mixed A (005774) reduced its holdings by 685,900 shares in the second quarter, holding a total of 1.4961 million shares, which accounts for 1.37% of the circulating shares. The estimated floating loss today is approximately 3.052 million CNY [2] - Huaxia Industrial Upgrade Mixed A (005774) was established on August 24, 2018, with a latest scale of 604 million CNY. Year-to-date returns are 34.24%, ranking 2676 out of 8173 in its category; the one-year return is 56.06%, ranking 2456 out of 8003; and since inception, the return is 152.44% [2]

Core Viewpoint - The company is expected to reach a performance turning point, with potential new opportunities in liquid cooling, humanoid robots, and semiconductors [1] Group 1: Market Position and Client Base - The company is a global leader in aluminum alloy precision die-casting, with a high market share in communication base station structural components and ongoing expansion into top-tier automotive clients [1] - Key clients include Tesla, Huawei, BYD, Ericsson, Nokia, Xiaomi, and Cyric [2] Group 2: Production and Strategic Developments - The company will officially take over its U.S. factory in 2024, with accelerated production expected in 2025, which may help avoid tariff impacts [3] - The company has successfully trial-produced ultra-large die-casting parts and is developing related molds for integrated die-casting in the automotive sector [4] Group 3: Growth Opportunities - The company is well-positioned to benefit from the upcoming 5G-A and 6G base station construction, with an expected investment of nearly 20 billion yuan from China's three major telecom operators by 2025 [4] - The company is exploring liquid cooling products for high-power base stations and has made early advancements in "cooling + weldable die-casting" products [4] Group 4: New Project Potential - The company is entering a new project phase with applications in weldable die-casting technology, semiconductor precision components, extreme cooling scenarios, and lightweight aluminum-magnesium materials [4] - The liquid cooling market for computing power is projected to reach approximately 130 billion yuan by 2029, with significant growth expected in the server cooling structure component market [5] Group 5: Investment in Semiconductor Components - The company plans to invest 170 million yuan in a subsidiary in Chongqing to develop semiconductor precision components, capitalizing on the low domestic equipment localization rate [6][7] Group 6: Financial Forecast - The company is projected to have net profits of -130 million yuan, 150 million yuan, and 210 million yuan from 2025 to 2027, indicating a turnaround with a 47% year-on-year growth in 2027 [7]

格隆汇9月24日丨美利信(301307.SZ)在互动平台表示，公司为客户生产提供储能电池包的外壳产品。 ...

Core Viewpoint - Meili Xin (301307.SZ) reported a decline in net profit for the first half of 2025 despite a revenue increase, indicating potential challenges in profitability and cash flow management [1][2]. Financial Performance Summary - The company achieved operating revenue of 1.86 billion yuan in the first half of 2025, representing a year-on-year growth of 12.41% [1][2]. - The net profit attributable to shareholders was -104.94 million yuan, a significant decline of 468.13% compared to the same period last year, which was -18.47 million yuan [1][2]. - The net profit after deducting non-recurring gains and losses was -117.24 million yuan, down 320.62% from -2.79 million yuan in the previous year [1][2]. - The net cash flow from operating activities was 60.08 million yuan, a decrease of 82.24% compared to 338.28 million yuan in the same period last year [1][2]. Previous Year Comparison - In 2024, Meili Xin reported operating revenue of 3.66 billion yuan, a year-on-year increase of 14.73% [3]. - The net profit attributable to shareholders for 2024 was -163.84 million yuan, a decrease of 220.58% from a profit of 135.87 million yuan in 2023 [3]. - The net profit after excluding non-recurring items was -173.87 million yuan, down 253.12% from 113.55 million yuan in the previous year [3]. - The net cash flow from operating activities in 2024 was 408.19 million yuan, a decline of 35.54% from 633.23 million yuan in 2023 [3]. IPO and Fundraising - Meili Xin's initial public offering raised a total of 1.71 billion yuan, with a net amount of 1.58 billion yuan after deducting issuance costs [4]. - The final net fundraising amount exceeded the original plan by 757.04 million yuan [4]. - The funds are intended for projects including the construction of a research center and production lines for new energy vehicles and 5G communication components [4].

为加强上市公司与投资者之间的沟通交流，促进上市公司进一步做好投资者 关系管理工作，在重庆证监局指导下，重庆上市公司协会联合深圳市全景网络有 限公司举办"重庆辖区上市公司 2025 年投资者网上集体接待日暨半年度业绩说 明会"活动。 重庆美利信科技股份有限公司（以下简称"公司"）将于 2025 年 9 月 25 日 （星期四）参加本次投资者网上集体接待日活动，并于当天 15:00-17:00 与投资 者进行网上交流。投资者可登录"全景路演"网站（http://rs.p5w.net），参与本 次互动交流。 届时，公司相关人员将参加本次活动，通过网络在线交流形式，就投资者所 关心的问题，与投资者进行交流。欢迎广大投资者踊跃参与。 特此公告。 证券代码：301307 证券简称：美利信 公告编号：2025-045 重庆美利信科技股份有限公司 关于参加重庆辖区上市公司 2025 年投资者网上集体接待日 暨半年度业绩说明会活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重庆美利信科技股份有限公司董事会 2025 年 9 月 23 日 ...

（记者 张喜威） 每经头条（nbdtoutiao）——"25基点太少，50基点太多"：美联储降息"走钢丝"，"特朗普代言人"投下唯 一反对票 每经AI快讯，美利信发布公告称，2025年9月18日10:00-11:00；00-16:30，美利信接受西南证券股份有 限公司等机构调研，公司副总经理、董事会秘书王双松等参与接待，并回答了投资者提出的问题。 ...

格隆汇9月18日｜美利信(301307.SZ)公告称，美利信在投资者关系活动中透露，公司在通信领域进入诺 基亚供应体系，北美工厂获新一代无人驾驶新能源汽车客户及储能客户产品定点。此外，公司在储能领 域进入正浩等客户供应体系，并在半导体领域已配套国内头部客户。同时，公司液冷工艺相关产品主要 应用于充电桩及新一代通信产品，并已单独成立重庆渝莱昇精密科技有限公司，为半导体客户提供精密 零部件。 ...

Group 1: Company Overview and Activities - The company is named Chongqing Meilixin Technology Co., Ltd., with stock code 301307 [1][2] - The investor relations activity took place on September 18, 2025, in the company meeting room [3] Group 2: Robotics and Semiconductor Development - The company is actively developing humanoid robot shells and components, aligning with industry demand and customer needs [3] - In May 2025, the company established Chongqing Yulai Sheng Precision Technology Co., Ltd. to provide precision components for the semiconductor sector [4] Group 3: North American Operations - The North American factory is preparing for production, including facility renovations and equipment procurement [5] Group 4: Liquid Cooling Technology - The company has developed aluminum alloy components for liquid cooling, primarily used in charging stations and next-generation communication products [6] Group 5: Customer Expansion in 2025 - In the first half of 2025, the company entered the supply chain of major clients like Nokia in the communication sector and secured contracts in the semiconductor and energy storage fields [7] Group 6: Shanghai Operations - Shanghai Meilixin is providing thermal management solutions, including liquid cooling technology, tailored to customer requirements [8]

Group 1 - The core viewpoint of the news is the performance and financial details of Meilixin Technology Co., Ltd., which saw a stock price increase of 5.63% to 41.30 CNY per share, with a total market capitalization of 8.698 billion CNY [1] - Meilixin's main business involves the research, production, and sales of aluminum alloy precision die-casting parts in the telecommunications and automotive sectors, with revenue composition being 64.79% from automotive parts, 29.88% from telecommunications components, and 5.33% from other categories [1] Group 2 - Among the top ten circulating shareholders of Meilixin, Huaxia Fund's Huaxia Industrial Upgrade Mixed A (005774) reduced its holdings by 685,900 shares, now holding 1.4961 million shares, which accounts for 1.37% of the circulating shares [2] - The fund has achieved a year-to-date return of 28.99% and a one-year return of 49.68%, ranking 3130 out of 8172 and 3393 out of 7980 respectively in its category [2]