重要内容提示： 1.本次权益变动主体为持有安培龙5%以上股份的股东长盈粤富，不属于公司第 一大股东、控股股东及实际控制人。本次权益变动不会导致安培龙第一大股东、控 股股东及实际控制人发生变化，不会对安培龙公司治理结构及持续经营产生重大影 响。本次权益变动后，长盈粤富持股比例下降至5%以下，不再具有大股东身份。 证券代码：301413 证券简称：安培龙 公告编号：2025-068 深圳安培龙科技股份有限公司 关于股东询价转让结果报告书暨持股5%以上股东 权益变动至5%以下的提示性公告 股东宁波长盈粤富投资有限公司保证向深圳安培龙科技股份有限公司提供的 信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确 性和完整性依法承担法律责任。 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。 现将具体情况公告如下： 1 一、出让方情况 （一）出让方基本情况 2.安培龙控股股东、实际控制人、董事、监事及高级管理人员不参与本次询价 转让。 3.本次权益变动为非公开转让的询价转让方式，不会通过集中竞价交易方式进 行，不触及要约收购。受让方通过询价转让受让的股份，在受让后6个月内不得转 让。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong potential for investment returns exceeding the market benchmark by more than 15% over the next 6-12 months [4][6]. Core Insights - The company reported a significant revenue increase of 34.4% year-on-year for the first half of 2025, reaching 550 million yuan, with a net profit of 42 million yuan, reflecting a 19.6% growth [1][2]. - The pressure sensor business is identified as a major growth driver, with a revenue increase of 61.9% year-on-year, contributing 52.8% to total revenue [3]. - The company is actively investing in research and development for force sensors, establishing a dedicated team and production line to enhance its product offerings in this area [3][4]. Summary by Sections Financial Performance - In Q2 2025, the company achieved a revenue of 290 million yuan, a 28.2% increase year-on-year, with a net profit of 22 million yuan, showing a 3.1% decline compared to the previous year [1][2]. - The gross margin for the pressure sensor segment decreased by 2.2 percentage points to 27.4%, while the overall gross margin fell by 2.9 percentage points to 27.8% [2][3]. Product Development - The company is expanding its product line in force sensors, including six-dimensional force sensors and torque sensors, targeting applications in automotive and robotics sectors [3][4]. - R&D expenses increased by 45.2% year-on-year, now accounting for 6.9% of total revenue, reflecting a commitment to innovation [2]. Profit Forecast and Valuation - The net profit forecast for 2025 has been adjusted downwards to 110 million yuan, a decrease of 8.8%, while forecasts for 2026 and 2027 have been raised to 140 million yuan and 190 million yuan, respectively [4]. - The current stock price corresponds to a PE ratio of 112 for 2025, 83 for 2026, and 64 for 2027, indicating potential for future earnings growth [4].

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with a revenue of 550 million and a year-on-year growth of 34.4% [1] - The pressure sensor business is a key growth driver, although short-term gross margins are under pressure due to declining procurement prices from downstream customers [2] - The company is accelerating research and development in force sensors, expanding its product range and enhancing its competitive position in the market [3] Financial Performance - In H1 2025, the company achieved a net profit of 42 million, reflecting a year-on-year increase of 19.6%, while the net profit margin decreased to 7.6% [1][2] - The second quarter of 2025 saw a revenue of 290 million, with a year-on-year growth of 28.2% and a quarter-on-quarter growth of 12.0% [1] - The overall gross margin decreased by 2.9 percentage points to 27.8% due to price pressures in the market [2] Business Segments - The pressure sensor segment generated 290 million in revenue, marking a 61.9% year-on-year increase and accounting for 52.8% of total revenue [2] - The thermistor and temperature sensor business achieved revenue of 250 million, with a year-on-year growth of 13.0%, representing 45.4% of total revenue [2] R&D and Product Development - The company is expanding its R&D team and has established a specialized team for robotic force sensors in Shanghai, enhancing its product development capabilities [3] - The product line for force sensors now includes over six categories, with applications in automotive and robotics sectors [3] Profit Forecast and Valuation - The company has adjusted its net profit forecast for 2025 to 110 million, reflecting an 8.8% downward revision, while increasing the profit forecasts for 2026 and 2027 [3] - The current stock price corresponds to a PE valuation of 112, 83, and 64 times for 2025, 2026, and 2027 respectively, indicating potential for future earnings growth [3]

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating a positive outlook for the stock over the next 6 to 12 months [4][8]. Core Views - The company has shown rapid revenue growth in Q2, with a year-on-year increase of 28% to reach 293 million yuan, while the net profit attributable to the parent company decreased by 3% to 21.76 million yuan [7][8]. - The company is positioned as a high-quality candidate for domestic substitution in automotive-grade pressure sensors and is expanding its growth potential in torque sensors [8]. Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of 554 million yuan, a 34% increase year-on-year, and a net profit of 42.13 million yuan, up 20% year-on-year [7]. - The revenue from pressure sensors reached 292 million yuan in H1 2025, a 62% increase year-on-year, contributing 53% to total revenue [6]. - The revenue from thermistors and temperature sensors was 251 million yuan, a 13% increase year-on-year, accounting for 45% of total revenue [6]. Market Analysis - Domestic market revenue in H1 2025 was 468 million yuan, a 38% increase year-on-year, with a gross margin of 24.74% [7]. - The overseas market generated revenue of 85.53 million yuan, an 18% increase year-on-year, with a gross margin of 44.51% [7]. Operational Efficiency - The company's inventory turnover days and accounts receivable turnover days improved to 131 days and 125 days, respectively, compared to the previous year [7]. - R&D expenses totaled 38.11 million yuan in H1 2025, a 45% increase year-on-year, representing 6.88% of total revenue [7]. Strategic Initiatives - The company is actively developing upstream core materials and technology research, focusing on MEMS technology and IC design capabilities [7]. - It has established a dedicated R&D team for robotic force sensors and is expanding its market presence with major clients in the automotive and home appliance sectors [8].

Core Viewpoint - Anpei Long (301413) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit, although some key metrics showed declines compared to the previous year [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 reached 554 million yuan, a year-on-year increase of 34.44% [1] - Net profit attributable to shareholders was 42.132 million yuan, up 19.6% year-on-year [1] - In Q2 2025, total revenue was 293 million yuan, reflecting a 28.22% increase year-on-year, while net profit decreased by 3.09% to 21.762 million yuan [1] - The gross margin was 27.79%, down 9.47% year-on-year, and the net margin was 7.61%, down 11.04% year-on-year [1] - The company’s accounts receivable accounted for 473.35% of the latest annual net profit, indicating a significant amount of outstanding payments [1][4] Cost and Expense Analysis - Operating costs increased by 40.08%, driven by higher revenue [2] - Sales expenses rose by 32.71% due to expansion of sales personnel and increased costs related to overseas market development [2] - Total expenses (sales, management, and financial) amounted to 69.2566 million yuan, representing 12.5% of revenue, a decrease of 11.99% year-on-year [1] Cash Flow and Debt Situation - The net cash flow from operating activities decreased by 60.23%, attributed to the absence of government subsidies received in the previous year [2] - The company’s cash and cash equivalents increased by 123.08%, due to the repayment of loans and issuance costs [3] - Interest-bearing liabilities rose by 44.99% to 508 million yuan [1] Investment and Market Position - The company’s return on invested capital (ROIC) was 5.57%, indicating average capital returns [3] - Analysts expect the company to achieve a net profit of 117 million yuan in 2025, with an average earnings per share of 1.19 yuan [4] - The company is held by notable fund managers, including Yan Siqian from Penghua Fund, who has increased their stake [5]

Summary of Ampelon's Conference Call Company Overview - Ampelon reported a net profit of 38.27 million RMB for the first half of 2025, a year-on-year increase of 24.76% [2][4] - The company's revenue reached 554 million RMB, reflecting a growth of 34.44% year-on-year [4] Key Financial Metrics - Pressure sensors accounted for over half of the revenue at 52.79%, with a year-on-year growth of 61.88% [2][4] - Revenue from the automotive sector was the highest at 56.28%, growing by 52.97% [2][5] - Domestic market revenue grew by 38.03%, making up 84.56% of total revenue [2][6] - North American clients contributed significantly through third-party supply chains, with European client Stellantis showing nearly tenfold growth [2][8] Market Performance - The automotive sector generated 317 million RMB, while the home appliance sector generated 175.99 million RMB, reflecting growth rates of 52.97% and 11.29% respectively [5] - The company expects to improve gross margins to around 30% by the second half of 2026 through cost-reduction technologies [2][9] Research and Development - R&D expenses increased, focusing on force sensors and ICs, which are crucial for future competitiveness [2][11] - The company anticipates a self-developed IC penetration rate of about 10% by 2026, potentially reaching 20%-30% by 2027 [2][13] Production Capacity - Ampelon has prepared a dedicated production line for North American clients with an annual capacity of approximately 2 million units, and a second line in Thailand with a capacity of 3 million units [2][16] - The Thai production line is expected to lower costs significantly, enhancing competitiveness against overseas suppliers [2][17] Sensor Projects - The oxygen sensor project has begun supplying products, with significant revenue expected by 2027, potentially matching the pressure sensor market size [3][36] - The company is the only domestic supplier capable of mass production for automotive applications [39] Competitive Landscape - Ampelon is positioned to replace overseas suppliers due to its low-cost and high-reliability design solutions [2][20] - The company faces competition in the domestic market but currently holds a unique position in mass production capabilities [39] Future Outlook - The company expects to see significant revenue growth from the oxygen sensor project, with projections of reaching several hundred million RMB in annual revenue within four years [38] - The North American market is seen as a key growth area, with expectations of increasing market share as production capabilities expand [43][44] Conclusion - Ampelon is strategically positioned for growth in the automotive and sensor markets, with a focus on R&D and production capacity enhancements to meet increasing demand and improve profitability in the coming years [2][4][36]

2025年8月26日，安培龙(301413.SZ)发布2025年半年度报告。截至2025年8月25日，共有19个机构投资 者披露持有安培龙A股股份，合计持股量达2772.28万股，占安培龙总股本的28.17%。其中，前十大机 构投资者包括宁波长盈粤富投资有限公司、深圳市瑞航投资合伙企业(有限合伙)、中国建设银行股份有 限公司-永赢先进制造智选混合型发起式证券投资基金、招商银行股份有限公司-鹏华碳中和主题混合型 证券投资基金、中移创新产业基金(深圳)合伙企业(有限合伙)、华泰证券资管-兴业银行-华泰安培龙家园 1号创业板员工持股集合资产管理计划、中国建设银行股份有限公司-鹏华沪深港新兴成长灵活配置混合 型证券投资基金、吉安市西博聚鑫叁号创业投资合伙企业(有限合伙)、香港中央结算有限公司、中国农 业银行股份有限公司-宝盈策略增长混合型证券投资基金，前十大机构投资者合计持股比例达27.65%。 相较于上一季度，前十大机构持股比例合计下跌了3.14个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计3个，包括永赢先进制造智选混合发起A、鹏华 碳中和主题混合A、鹏华沪深港新兴成长混合A，持股增加占比达1.75% ...

公司营业总收入为5.54亿元，较去年同报告期营业总收入增加1.42亿元，实现4年连续上涨，同比较去年同期上涨34.44%。归母净利润为4213.20万元，较去 年同报告期归母净利润增加690.34万元，同比较去年同期上涨19.60%。经营活动现金净流入为2903.93万元。 2025年8月26日，安培龙(301413.SZ)发布2025年中报。 公司摊薄每股收益为0.43元，较去年同报告期摊薄每股收益增加0.07元，同比较去年同期上涨19.44%。 公司最新总资产周转率为0.27次，较去年同期总资产周转率增加0.06次，同比较去年同期上涨29.15%。最新存货周转率为1.37次，较去年同期存货周转率增 加0.02次，实现2年连续上涨，同比较去年同期上涨1.16%。 公司股东户数为1.32万户，前十大股东持股数量为6526.09万股，占总股本比例为66.32%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 部若军 | 31.6 | | 2 | 宁波长盈粤富投资有限公司 | 8.31 | | 3 | 深圳市瑞航投资合伙企业(有限合伙) | 5. ...

Group 1 - The core point of the article is that Anpelong (SZ 301413) announced the convening of its fourth board meeting on August 25, 2025, to review the proposal for the 2025 semi-annual report [1] - For the first half of 2025, Anpelong's revenue composition shows that sensitive components and sensor manufacturing accounted for 99.95% of total revenue, while other businesses contributed only 0.05% [1] - As of the report, Anpelong's market capitalization stands at 12.4 billion yuan [1]

智通财经APP讯，安培龙(301413.SZ)发布2025年半年度报告，报告期内，公司实现营业收入5.54亿元， 同比增长34.44%。实现归属于上市公司股东的净利润4213.2万元，同比增长19.60%。实现归属于上市公 司股东的扣除非经常性损益的净利润3826.63万元，同比增长24.76%。基本每股收益0.43元。 ...