Core Viewpoint - Meilixin's stock price has shown significant growth this year, with a year-to-date increase of 65.08%, despite a recent decline in the last five trading days [1] Group 1: Stock Performance - As of October 15, Meilixin's stock price reached 33.56 CNY per share, with a trading volume of 3.55 billion CNY and a turnover rate of 9.88%, resulting in a total market capitalization of 70.68 billion CNY [1] - The stock has experienced a 2.04% decline over the last five trading days, but has increased by 21.77% over the past 20 days and 47.26% over the last 60 days [1] - Meilixin has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 16, where it recorded a net purchase of 50.196 million CNY [1] Group 2: Financial Performance - For the first half of 2025, Meilixin reported a revenue of 1.859 billion CNY, reflecting a year-on-year growth of 12.41%, while the net profit attributable to shareholders was -105 million CNY, a significant decrease of 468.13% [2] - Since its A-share listing, Meilixin has distributed a total of 25.272 million CNY in dividends [3] Group 3: Shareholder Information - As of June 30, 2025, Meilixin had 19,700 shareholders, a decrease of 5.61% from the previous period, with an average of 5,537 circulating shares per shareholder, which is an increase of 5.94% [2] - Among the top ten circulating shareholders, Huaxia Industrial Upgrade Mixed A (005774) is the fifth largest, holding 1.4961 million shares, a decrease of 685,900 shares from the previous period [3]

Market Overview - The communication equipment sector experienced a decline of 5.74% on October 14, with Meilixin leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable gainers in the communication equipment sector included: - Dongxin Peace (002017) with a closing price of 25.28, up 10.01% [1] - Wanlong Optoelectronics (300710) at 21.73, up 7.15% [1] - Hengbao Co. (002104) at 21.96, up 6.55% [1] - Major decliners included: - Meilixin (301307) at 32.90, down 10.06% [2] - Xinyi Sheng (300502) at 316.50, down 9.21% [2] - Zhongji Xuchuang (300308) at 346.10, down 8.19% [2] Capital Flow - The communication equipment sector saw a net outflow of 6.424 billion yuan from institutional investors, while retail investors had a net inflow of 4.461 billion yuan [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Dongxin Peace (002017) had a net inflow of 3.15 billion yuan from institutional investors, while it faced a net outflow of 983.79 million yuan from speculative funds [3] - Hengbao Co. (002104) saw a net inflow of 1.90 billion yuan from institutional investors, with a net outflow of 409.64 million yuan from speculative funds [3] - Meilixin (301307) experienced a significant net outflow of 789 million yuan from institutional investors [3]

Group 1 - The core point of the news is the decline in the stock price of Meilixin, which dropped by 5.08% to 34.72 CNY per share, with a trading volume of 265 million CNY and a turnover rate of 6.89%, resulting in a total market capitalization of 7.312 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, 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 major fund holdings, only one fund under Bosera Fund has a significant position in Meilixin. The Bosera Strategic New Materials Theme Mixed A Fund (011340) held 152,400 shares in the second quarter, accounting for 2.49% of the fund's net value, ranking as the tenth largest holding [2] - The estimated floating loss for the Bosera Strategic New Materials Theme Mixed A Fund today is approximately 283,500 CNY [2] - The Bosera Strategic New Materials Theme Mixed A Fund was established on February 2, 2021, with a latest scale of 95.5929 million CNY. Year-to-date returns are 35.28%, ranking 2396 out of 8162 in its category, while the one-year return is 33.48%, ranking 2744 out of 8015 [2]

Core Viewpoint - The reducer concept sector experienced a decline of 2.01%, ranking among the top losers in the market, with notable declines in stocks such as Siling Co., Zhejiang Rongtai, and Mingzhi Electric [1][2]. Market Performance - The top-performing concept sectors today included Rare Earth Permanent Magnets with a rise of 6.92%, and Military Equipment Restructuring Concept with an increase of 3.51%, while the reducer sector fell by 2.01% [2]. - The reducer concept sector saw a net outflow of 3.36 billion yuan, with 87 stocks experiencing net outflows, and 8 stocks seeing outflows exceeding 100 million yuan [2]. Notable Stocks - The stocks with the largest net outflows in the reducer sector included: - Shanzi Gaoke with a net outflow of 793.49 million yuan and a decline of 4.86% - Lingyi Zhi Zao with a net outflow of 454.56 million yuan and a decline of 4.61% - Changying Precision with a net outflow of 420.80 million yuan and a decline of 2.86% [2][3]. - Conversely, the stocks with the largest net inflows included: - Inner Mongolia Yijian with a net inflow of 121 million yuan and an increase of 7.85% - Meilixin with a net inflow of 88.12 million yuan and an increase of 7.30% - Yingluohua with a net inflow of 78.45 million yuan and an increase of 6.82% [5].

Industry Overview - The automotive die-casting industry involves the use of die-casting technology to produce metal components for vehicles, utilizing materials such as aluminum, zinc, and magnesium [1][11] - The industry's growth is driven by the rapid rise of the automotive sector, particularly in electric vehicles, with increasing demand for lightweight and energy-efficient components [1][11] - China's automotive die-casting market is projected to grow from 18.988 billion yuan in 2017 to 26.429 billion yuan in 2024, with a compound annual growth rate (CAGR) of 4.84% [1][12] Industry Development History - The industry has evolved through three main phases: the initial phase from 1953 to 1981, the startup phase from 1982 to 2006, and the rapid development phase from 2007 to present [4][5] - The current phase is characterized by significant advancements in technology and production capabilities, with a focus on high-performance and high-precision die-casting products [4][11] Policy Support - Recent government policies have emphasized the importance of the die-casting industry, promoting advanced casting techniques and green manufacturing practices [6] - The National Development and Reform Commission issued guidelines to encourage the use of lightweight alloys and automation in die-casting processes [6] Industry Chain - The die-casting industry supply chain includes upstream raw materials (aluminum, magnesium, iron, zinc) and equipment (die-casting machines), with the manufacturing process occurring in the midstream and automotive manufacturing in the downstream [4][7] Market Trends - The industry is moving towards precision, customization, lightweighting, and green manufacturing as key trends [14][15][17][18] - Precision die-casting is increasingly important to meet the stringent requirements of automotive components, while customization allows for tailored solutions to meet diverse client needs [14][15] - Lightweight materials are being adopted to enhance fuel efficiency and performance, particularly in electric vehicles [17] - Environmental sustainability is becoming a core focus, with efforts to reduce carbon footprints through the use of recycled materials and cleaner production methods [18] Key Companies - Major players in the automotive die-casting industry include Top Group, Guangdong Hongtu, Aikodi, and BYD, which are expanding their capabilities in both traditional and new energy vehicle sectors [2][12] - Guangdong Hongtu's die-casting business has gained global recognition, focusing on lightweight aluminum products and comprehensive solutions for automotive manufacturers [12][13]

Group 1 - The core point of the article is that a major shareholder, Wenrunqingxin No.1 and its concerted parties, have reduced their stake in the company by 2.1059 million shares, which accounts for 1.00% of the total share capital [1] - After the reduction, the shareholder and its concerted parties hold a total of 10.53 million shares, representing 5.00% of the company's total share capital, thus no longer qualifying as a major shareholder with over 5% ownership [1] - The share reduction plan will not result in any changes to the company's controlling shareholder or actual controller [1]

重庆美利信科技股份有限公司 简式权益变动报告书 上市公司名称：重庆美利信科技股份有限公司 上市地点：深圳证券交易所 股票简称：美利信 股票代码：301307 信息披露义务人1 名称：温润智造壹号（珠海）创业投资基金合伙企业（有限合伙） 住所：珠海市横琴新区环岛东路1889号17栋201室-472号（集中办公区） 通讯地址：珠海市横琴新区环岛东路1889号17栋201室-472号（集中办公区） 信息披露义务人2 名称：温润清新壹号（珠海）股权投资基金合伙企业（有限合伙） 住所：珠海市横琴新区环岛东路1889号17栋201室-508号（集中办公区） 通讯地址：珠海市横琴新区环岛东路1889号17栋201室-508号（集中办公区） 信息披露义务人3 名称：珠海横琴温氏柒号创业投资基金合伙企业（有限合伙） 住所：珠海市横琴新区环岛东路1889号17栋201室-474号（集中办公区） 通讯地址：珠海市横琴新区环岛东路1889号17栋201室-474号（集中办公区） 信息披露义务人4 名称：珠海横琴温氏陆号创业投资基金合伙企业（有限合伙） 住所：珠海市横琴新区汇通三路108号1722办公01-2 通讯地址：珠海市横琴新区 ...

证券代码：301307 证券简称：美利信 公告编号：2025-046 重庆美利信科技股份有限公司 关于合计持股 5%以上股东持股比例变动触及 1%及 5%整 数倍暨权益变动的提示性公告 公司合计持股 5%以上股东温润清新壹号（珠海）股权投资基金合伙企业（有 限合伙）及其一致行动人温润智造壹号（珠海）创业投资基金合伙企业（有限合 伙）、珠海横琴温氏陆号创业投资基金合伙企业（有限合伙）、珠海横琴温氏柒 号创业投资基金合伙企业（有限合伙）、珠海横琴齐创共享创业投资基金合伙企 业（有限合伙）保证向本公司提供的信息内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 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。 | 1.基本情况 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | 1 | 温润清新壹号（珠海）股权投资基金合伙企业（有限合伙） | | | | | | 住所 1 | | 珠海市横琴新区环岛东路 号 栋 室-508 号（集中 1889 17 201 | | | | | | | | 办公区） | ...

Core Viewpoint - The company, Meilixin Technology Co., Ltd., is experiencing fluctuations in stock performance and is actively involved in the integrated die-casting technology sector, particularly in the automotive and communication industries. Company Overview - Meilixin Technology, established on May 14, 2001, is located in Chongqing and specializes in the R&D, production, and sales of aluminum alloy precision die-casting parts for the communication and automotive sectors. The revenue composition includes 64.79% from automotive parts, 29.88% from communication components, and 3.84% from other categories [7]. Recent Stock Performance - On September 26, the stock price of Meilixin fell by 5.59%, with a trading volume of 615 million yuan and a turnover rate of 16.01%, resulting in a total market capitalization of 7.329 billion yuan [1]. Industry Engagement - The company has entered the supply chain of notable clients such as SolarEdge, Xiaomi Automotive, and Scania, a leading global commercial vehicle manufacturer, indicating a strong market presence [2]. - Meilixin is recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which enhances its competitiveness and stability within the industry [2]. Financial Performance - For the first half of 2025, Meilixin reported a revenue of 1.859 billion yuan, reflecting a year-on-year growth of 12.41%. However, the net profit attributable to shareholders was -105 million yuan, marking a significant decline of 468.13% compared to the previous year [7][8]. Technical Analysis - The average trading cost of the stock is 38.33 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak. The current stock price is positioned between a resistance level of 43.98 yuan and a support level of 28.74 yuan, suggesting potential for range trading [6]. Institutional Holdings - As of June 30, 2025, the number of shareholders decreased by 5.61% to 19,700, with an average of 5,537 shares held per person, which increased by 5.94% [7].

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]