Group 1 - The core viewpoint of the news is that Shenzhen Anpeilong Technology Co., Ltd. has seen a significant increase in its stock price, rising by 5.53% to 170.96 CNY per share, with a total market capitalization of 16.823 billion CNY [1] - Anpeilong specializes in the research, production, and sales of temperature sensors, pressure sensors, and oxygen sensors, with pressure sensors accounting for 52.79% of revenue, temperature sensors 45.39%, and oxygen sensors 1.82% [1] - The company was established on November 15, 2004, and went public on December 18, 2023 [1] Group 2 - Yongying Fund's Advanced Manufacturing Smart Selection Mixed Fund A (018124) is among the top ten circulating shareholders of Anpeilong, having increased its holdings by 1.155 million shares, totaling 4.8689 million shares, which represents 8.46% of circulating shares [2] - The fund has achieved a year-to-date return of 98.24%, ranking 63 out of 8244 in its category, and a one-year return of 205.63%, ranking 8 out of 8080 [2] - The fund manager, Zhang Lu, has a tenure of 6 years and 61 days, with the fund's total asset size at 15.413 billion CNY [3]

Investment Rating - The report suggests a focus on the robotics industry, particularly on whole machine manufacturers and core component suppliers, with an overall investment rating of "Neutral" for the industry [26]. Core Insights - The humanoid robotics sector is experiencing a dual momentum of "technological deepening" and "scene landing," indicating a positive outlook for the robotics industry [2]. - Google has launched the latest Gemini Robotics 1.5 series, enhancing robot autonomy and task execution capabilities through advanced models [4][16]. - The report highlights significant investment opportunities in various segments of the robotics supply chain, including motors, joints, sensors, and more [18]. Summary by Sections Industry News and Company Dynamics - Jiangsu Donghua Testing Technology Co., Ltd. signed a strategic cooperation agreement with Nantong Zhenkang Machinery Co., Ltd. to enhance collaboration in robotic joint module technology [6]. - Fourier's third-generation humanoid robot GR-3C made its debut at the 2025 Industrial Expo, showcasing advanced design and capabilities [7]. Investment and Financing Dynamics - 1X Robotics is seeking to raise up to $1 billion, aiming for a valuation of at least $10 billion, following the launch of its new home robot Neo Gamma [16]. - Quan Zhibo completed two rounds of financing exceeding 100 million yuan, focusing on talent development and R&D [16]. Investment Recommendations - The report recommends focusing on key robotics component suppliers, including: 1. Motors: Mingzhi Electric 2. Rotating joints: Zhongchen Technology, Shuanghuan Transmission, Landai Technology 3. Linear joints: Hengli Hydraulic 4. Dexterous hands: Zhaowei Electromechanical 5. Encoders: Yap Technology, Fengqiao Technology 6. Sensors: Donghua Testing, Keli Sensor, Anpeilong, Hanwei Technology 7. Screw equipment: Qinchuan Machine Tool, Huachen Equipment 8. Bearings: Longxi Co., Ltd. [18][19]

Group 1 - The company Amperlon (301413) responded to investor inquiries on September 26, indicating that as of September 19, 2025, the total number of shareholders is 18,142 [1]

Core Points - Ampron announced the establishment of its subsidiary in Thailand, AMPRON TECHNOLOGY (THAILAND) CO., LTD., on September 24, 2025, with a registered capital of 230 million Thai Baht [1] - The company aims to build a sensor manufacturing base in Thailand, complying with local investment policies [1] - The ownership structure includes NEXA Sens Technology (Hong Kong) Limited holding 95% and TS MOLYMER COMPANY LIMITED holding 4.9999%, with two Thai individuals holding a combined 0.0001% [1] Company Structure - The registered capital of the Thai subsidiary is 230 million Thai Baht, with shares priced at 10 Thai Baht each [1] - NEXA Sens Technology (Hong Kong) Limited subscribed to 21,850,000 shares, while TS MOLYMER COMPANY LIMITED subscribed to 1,149,980 shares [1] - Two Thai natural persons, Miss Sunan Thongsong and Fs.3 Yoel Saengkhunthod, each subscribed to 10 shares, totaling 20 shares [1] Regulatory Compliance - The establishment of the company required at least two natural persons to jointly initiate the process, which is why the two Thai individuals are involved [1] - There are plans for the two Thai shareholders to transfer their combined 20 shares to TS MOLYMER COMPANY LIMITED, maintaining NEXA Sens Technology's 95% ownership [1]

深圳安培龙科技股份有限公司 证券代码：301413 证券简称：安培龙 公告编号：2025-075 公司名称：AMPRON TECHNOLOGY(THAILAND)CO.,LTD. 注册登记编号：0115568031320 关于泰国孙公司注册登记进展情况的公告 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。 一、对外投资概述 深圳安培龙科技股份有限公司（以下简称"公司"）于 2025 年 3 月 14 日召 开第四届董事会第三次会议，审议通过了《关于对外投资设立香港全资子公司及 泰国孙公司的议案》，同意公司以自有资金设立两家香港全资子公司 NEXA Sens Technology (Hong Kong) Limited、Sensavior Technology (Hong Kong) Limited 并由前述两家香港子公司共同出资设立泰国孙公司，由泰国孙公司分阶段实施建 设 泰 国 传 感 器 制 造 基 地 。 具 体 内 容 详 见 公 司 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露的《关于对外投资设立香港全资子公司及 ...

Group 1 - The core viewpoint of the news is that Anpeilong's stock performance and financing activities indicate a high level of investor interest, despite a recent decline in stock price [1][2] - On September 23, Anpeilong's stock price fell by 2.85%, with a trading volume of 865 million yuan, and a net financing outflow of 3.4952 million yuan [1] - As of September 23, the total margin balance for Anpeilong was 417 million yuan, accounting for 4.25% of its market capitalization, which is above the 90th percentile of the past year [1] Group 2 - As of September 10, the number of shareholders for Anpeilong increased by 9.62% to 14,100, while the average circulating shares per person decreased by 8.78% to 4,085 shares [2] - For the first half of 2025, Anpeilong reported a revenue of 554 million yuan, representing a year-on-year growth of 34.44%, and a net profit attributable to shareholders of 42.132 million yuan, up 19.60% year-on-year [2] - Anpeilong has distributed a total of 52.2287 million yuan in dividends since its A-share listing [2]

Group 1 - The core point of the news is the decline in the stock price of Shenzhen Anpeilong Technology Co., Ltd., which fell by 5.13% to 166.68 CNY per share, with a trading volume of 588 million CNY and a turnover rate of 5.93%, resulting in a total market capitalization of 16.402 billion CNY [1] - The company specializes in the research, production, and sales of thermal resistors, temperature sensors, oxygen sensors, and pressure sensors, with pressure sensors accounting for 52.79% of revenue, thermal resistors and temperature sensors 45.39%, and oxygen sensors and others 1.82% [1] Group 2 - The Qianhai Kaiyuan Shenzhen Special Zone Stock A fund holds a significant position in Anpeilong, having reduced its holdings by 19,500 shares in the second quarter, now holding 206,200 shares, which represents 5.63% of the fund's net value, ranking as the seventh largest holding [2] - The fund has a total scale of 236 million CNY and has achieved a year-to-date return of 29.96%, ranking 1649 out of 4220 in its category, with a one-year return of 67.83%, ranking 1321 out of 3814 [2]

Group 1 - The core point of the news is the decline in the stock price of Shenzhen Anpeilong Technology Co., Ltd., which fell by 5.13% to 166.68 CNY per share, with a trading volume of 588 million CNY and a turnover rate of 5.93%, resulting in a total market capitalization of 16.402 billion CNY [1] - Anpeilong specializes in the research, production, and sales of thermal resistors, temperature sensors, oxygen sensors, and pressure sensors, with pressure sensors accounting for 52.79% of revenue, thermal resistors and temperature sensors 45.39%, and oxygen sensors and others 1.82% [1] - The company was established on November 15, 2004, and went public on December 18, 2023 [1] Group 2 - From the perspective of fund holdings, one fund under China Post Fund has a significant position in Anpeilong, specifically the China Post Specialized and New One-Year Holding Period Mixed A Fund (015505), which held 50,000 shares in the second quarter, unchanged from the previous period, representing 2.19% of the fund's net value [2] - The fund has a current scale of 160 million CNY and has achieved a return of 47.02% this year, ranking 1228 out of 8172 in its category, with a one-year return of 96.64%, ranking 718 out of 7995 [2] - The fund manager, Cao Si, has been in the position for 11 years and 123 days, with the fund's total asset scale at 471 million CNY, achieving a best return of 107.3% and a worst return of 8.27% during his tenure [3]

Summary of the Conference Call for Anpeilong Industry Overview - The global sensor market is substantial, approaching 1.5 trillion yuan in 2023, with the Chinese market around 360 billion yuan. However, the domestic sensor industry lags 15-20 years behind international leaders, with 80% of high-end products relying on imports, indicating a pressing need for domestic substitution [2][4][5]. Company Focus and Product Lines - Anpeilong specializes in temperature, pressure, and force sensors, with 95% of its pressure sensors used in the automotive sector. The demand for temperature sensors is increasing due to the thermal control needs of new energy vehicles, significantly raising the value per vehicle [2][8]. - The pressure sensor market is dominated by the automotive industry, and Anpeilong has expanded into MEMS, glass micro-capacitor, and ceramic capacitor technologies, becoming one of the few companies in China to cover the entire measurement range [2][6]. Market Potential and Growth - The six-dimensional force sensor market, crucial for robotics, is expected to grow at a compound annual growth rate (CAGR) of 70% over the next decade. Anpeilong is positioned to leverage its technological and cost advantages to enter major customer supply chains [2][8]. - Anpeilong's revenue from pressure and temperature sensors has a gross margin exceeding 30%, with a projected CAGR of 24% from 2018 to 2024, indicating a turning point in profit growth [2][8][9]. Competitive Landscape - The sensor industry is strategically important, serving as a key tool for machines to perceive the world, and is a significant battleground for major powers. The industry has vast potential, with diverse downstream applications, primarily in automotive electronics [3][4]. - Anpeilong's core competitive advantages include its proprietary technology platforms based on sensitive ceramics and MEMS, which facilitate domestic substitution and support continuous product line expansion [11][12]. Financial Performance and Projections - Anpeilong's gross margin has consistently remained above 30%, with improved operating cash flow and stable expense ratios. The company invests heavily in R&D, maintaining a research expense ratio of around 6%, which is higher than industry peers [9]. - The forecast for Anpeilong's net profit attributable to shareholders is approximately 110 million yuan by 2025, with a projected CAGR of 37% over the next three years, indicating strong growth potential [4][13]. Future Growth Areas - Anpeilong is focusing on high-value areas in temperature sensors, expanding from traditional home appliance clients to high-end automotive clients. The automotive sector is expected to drive significant growth in temperature sensor business [10]. - In the pressure sensor segment, Anpeilong has rapidly grown since entering BYD's supply chain in 2021, with 95% of its pressure sensors being ceramic capacitors. The company has developed MEMS and glass micro-capacitor technologies, which are expected to replicate the growth trajectory of ceramic pressure sensors [10][14]. Valuation and Market Position - Anpeilong is compared with three similar companies, and given its high growth rate and strong future performance potential, it is expected to become a leader in the automotive sensor market. A valuation of 40 times the net profit for 2026 suggests a reasonable market capitalization of approximately 5.6 billion yuan [15][16]. - The potential market size for six-dimensional force sensors is estimated to reach 216 billion yuan when humanoid robot shipments reach 1 million units, with varying market share scenarios leading to potential valuations of 6.5 billion to 19.5 billion yuan [17]. Conclusion - The humanoid robotics sector is expected to perform well in the fourth quarter, with Anpeilong's sensor segment showing significant elasticity. The company is recommended as a leading player in this sector [18].

Core Insights - Anpei Long's stock price increased by 2.75% on September 22, with a trading volume of 9.45 billion yuan [1] - The company reported a net financing purchase of 7.26 million yuan on the same day, with a total financing balance of 4.21 billion yuan, representing 4.17% of its market capitalization [1] - Anpei Long's main business includes the development, production, and sales of temperature sensors, pressure sensors, and oxygen sensors, with pressure sensors accounting for 52.79% of revenue [1] Financing and Trading Data - On September 22, Anpei Long had a financing buy of 1.21 billion yuan and a financing repayment of 1.14 billion yuan [1] - The financing balance is at a high level, exceeding the 90th percentile of the past year [1] - The company had no short selling on September 22, with a short balance of 17,600 yuan, also at a high level [1] Shareholder and Financial Performance - As of September 10, the number of shareholders increased by 9.62% to 14,100, while the average circulating shares per person decreased by 8.78% to 4,085 shares [2] - For the first half of 2025, Anpei Long achieved a revenue of 554 million yuan, a year-on-year increase of 34.44%, and a net profit of 42.13 million yuan, up 19.60% [2] - The company has distributed a total of 52.23 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Yongying Advanced Manufacturing Intelligent Selection Mixed Fund, holding 4.87 million shares, an increase of 1.15 million shares from the previous period [2] - Other notable institutional shareholders include Penghua Carbon Neutral Theme Mixed Fund and Hong Kong Central Clearing Limited, which are new entrants in the top ten circulating shareholders [2]