Investment Rating - The report assigns an "Accumulate-A" rating for the company, marking its first coverage [8]. Core Views - The company has a strong foundation in temperature, pressure, and oxygen sensors, with significant growth potential in force sensors for robotics applications [1]. - The company has successfully expanded its customer base, leading to increased product sales and steady revenue growth, with a projected revenue CAGR of around 20% from 2020 to 2024 [35]. - The pressure sensor segment is expected to surpass temperature and thermal resistors as the company's primary revenue source by 2024 [23]. Summary by Sections Company Overview - The company specializes in the research, production, and sales of thermal resistors, temperature sensors, oxygen sensors, and pressure sensors, with a comprehensive product range and advanced R&D capabilities [16][6]. - The company has established a strong market position with a diverse customer base, including major domestic and international companies [16]. Market Performance - The company’s revenue is projected to reach 1.17 billion yuan in 2025, with a growth rate of 24.5%, and net profit is expected to be 112 million yuan, reflecting a growth rate of 36.1% [8][10]. - The gross margin has remained stable around 30% from 2021 to 2023, with slight fluctuations due to production capacity and new factory amortization [39][38]. Product Segments - The thermal resistor and temperature sensor markets are expected to grow steadily, with the global NTC market projected to reach 5.1 billion yuan by 2030 [44]. - The pressure sensor market is anticipated to grow significantly, with the global market for medium and low-pressure sealed pressure sensors expected to reach 589 million USD by 2032 [5]. - The oxygen sensor market is also expanding, with a projected market size of 7.417 billion USD by 2032, driven by applications in automotive and medical sectors [7]. Financial Projections - The company’s earnings per share (EPS) are projected to be 1.14, 1.45, and 1.83 yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (P/E) ratios of 75.7X, 59.6X, and 47.3X [8][10]. - The company is expected to maintain a stable gross margin across its product lines, with pressure sensors, thermal resistors, and oxygen sensors projected to have gross margins of 31.61%, 33.15%, and 25.74% in 2024 [39].

Core Viewpoint - The company specializes in the research, production, and sales of thermistors, temperature sensors, oxygen sensors, and pressure sensors, possessing a leading intelligent sensor R&D platform and mastering key core technologies across the entire industry chain from materials to chips to sensors [1] Group 1: Company Overview - The company's main products include pressure sensors, oxygen sensors, temperature sensors, PTC thermistors, NTC thermistors, and torque sensors, which are widely used in various fields such as automotive, robotics, smart home, photovoltaic, energy storage, charging piles, IoT, consumer electronics, aerospace, and industrial control [1] - The revenue composition indicates that thermistors and temperature sensors, along with pressure sensors, are the primary sources of income, each accounting for nearly 50% in 2024 [1] - The company has experienced steady revenue growth with a year-on-year growth rate of approximately 20% from 2020 to 2024, while maintaining a gross margin of around 30% from 2021 to 2023 [1] Group 2: Market Potential - The global market for thermistors is expected to grow steadily, with NTC and PTC market sizes projected to reach 5.1 billion and 477 million USD by 2030, respectively [2] - The temperature sensor market is anticipated to reach 8.646 billion USD by 2030, with significant contributions from home appliances, consumer electronics, and industrial sectors [2] - The company has expanded its application scenarios from home appliances to automotive, photovoltaic, energy storage, and medical fields, indicating promising future development [2] Group 3: Product Development - The company is rapidly developing pressure sensors, with the global market for mid-high pressure sealed pressure sensors expected to reach 58.9 million USD and low-pressure sealed pressure sensors projected to reach 15.2 million USD by 2032 [3] - The company offers a range of pressure sensor products, including ceramic capacitive, MEMS, and glass micro-melt pressure sensors, covering low, medium, and high-pressure ranges, with some products already in mass delivery in the automotive sector [3] - The company is also developing force sensors based on MEMS technology and glass micro-melt processes, which are expected to see rapid growth as application scenarios industrialize [3] Group 4: Oxygen Sensors - Initially used in home appliances, the company's oxygen sensors have successfully expanded into automotive and medical industries, with the global oxygen sensor market projected to reach 7.417 billion USD by 2032 [4] - Major players in the oxygen sensor market include DENSO, Niterra, Bosch, Drager, and Walker Products, with the top five manufacturers holding nearly 70% of the market share [4] - The company is set to become the first domestic sensor company to secure a project in the automotive front-mounted market for oxygen sensors by 2024 [4] Group 5: Financial Forecast and Valuation - Revenue projections for the company from 2025 to 2027 are 1.17 billion, 1.44 billion, and 1.76 billion CNY, with growth rates of 24.5%, 23.1%, and 22.2% respectively [5] - Net profit forecasts for the same period are 112 million, 143 million, and 180 million CNY, with growth rates of 36.1%, 27.0%, and 26.1% respectively [5] - The company is expected to benefit from its mastery of the entire industry chain, the ongoing trend towards domestic production of sensors, and the rapid development of humanoid robots, leading to a positive outlook for future growth [5]

证券代码：301413 证券简称：安培龙 公告编号：2025-054 深圳安培龙科技股份有限公司 关于持股5%以上股东股份减持计划实施完成的公告 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 信息内容真实、准确、完整，没有虚假记载、误导性陈述或者重大遗漏。 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。 特别提示： 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。 2.本次减持计划实施方式为集中竞价及大宗交易方式，不触及要约收购、 不涉及资金来源。大宗交易受让方通过大宗交易受让的股份，在受让后 6 个月 内不得转让。 3.本次权益变动涉及的减持股份计划，详见公司 2025 年 6 月 5 日的《关于 持股 5%以上股东减持股份预披露的公告》（公告编号：2025-045）。截至本公 告披露日，上述减持计划已实施完毕。 深圳安培龙科技股份有限公司（简称"安培龙"或"公司"）于 2025 年 7 ...

Market Overview - The Shanghai Composite Index closed at 3595.19 points, slightly down by 0.08%, and remains above the six-month moving average [1] - The total trading volume of A-shares reached 1,145.862 billion yuan [1] Stocks Performance - A total of 44 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Hexin Instrument (17.10%) - Dekeli (16.12%) - Lais Information (7.54%) [1] - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Junda Co., Ltd. - Taihe Intelligent - Aikodi [1] Notable Stocks - Hexin Instrument (688622) saw a price increase of 20.00% with a turnover rate of 3.28% [1] - Dekeli (688205) increased by 17.49% with a turnover rate of 23.70% [1] - Lais Information (688631) rose by 7.96% with a turnover rate of 7.58% [1] - Other notable stocks include: - Xinganjiang (873167) up by 13.11% - Anpeilong (301413) up by 10.81% [1] Additional Stocks with Positive Movement - Other stocks with positive movement include: - Haiziwang (301078) up by 4.48% - Naxinwei (688052) up by 7.92% - Tianzhun Technology (688003) up by 4.52% [1]

证券代码：301413 证券简称：安培龙 公告编号：2025-053 深圳安培龙科技股份有限公司 关于持股5%以上股东权益变动触及1%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。 深圳安培龙科技股份有限公司（简称"安培龙"或"公司"）于2025年7月23 日收到持有安培龙5%以上股份的股东宁波长盈粤富投资有限公司（简称"长盈粤 富"）出具的《关于股东减持股份实施情况的告知函》。 现将具体情况公告如下： 一、本次权益变动基本情况 1 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。 2.本次权益变动为集中竞价及大宗交易方式，不触及要约收购、不涉及资金来 源。大宗交易受让方通过大宗交易受让的股份，在受让后6个月内不得转让。 3.本次权益变动后，长盈粤富合计持有股份比例从6.66%下降至5 ...

证券代码：301413 证券简称：安培龙 公告编号：2025-052 深圳安培龙科技股份有限公司 关于持股5%以上股东权益变动触及1%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。 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。 2.本次权益变动为集中竞价及大宗交易方式，不触及要约收购、不涉及资金来 源。大宗交易受让方通过大宗交易受让的股份，在受让后6个月内不得转让。 3.本次权益变动后，长盈粤富合计持有股份比例从7.44%下降至6.66%。本次权 益变动的比例触及1%的整数倍。 4.本次权益变动涉及的减持股份计划及实施情况的具体内容，详见公司2025年 6月5日、2025年7月9日披露于巨潮资讯网（www.cnin ...

证券代码：301413 证券简称：安培龙 公告编号：2025-051 深圳安培龙科技股份有限公司 关于持股5%以上股东权益变动触及1%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。 长盈粤富于2025年6月27日至2025年7月9日，通过集中竞价方式减持股份数量 68.00万股，占公司总股本的0.69%；通过大宗交易方式转让股份数量52.80万股， 占公司总股本的0.54%；共计减持120.80万股，占公司总股本的1.23%。本次权益变 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。 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。 2.本次权益变动为集中竞价及大宗交易方式，不触及要约收购、不涉及资金来 源。大宗交易受让方通过大宗交易受让的股份，在受让后6个月内不得 ...

Group 1 - The core viewpoint of the article highlights the strong performance of computing hardware stocks, particularly in the PCB sector, with Dongshan Precision rising over 7% to reach a historical high and a total market capitalization exceeding 85 billion [1] - The article notes that other companies in the sector, such as Tongguan Copper Foil, have also seen significant gains, with a 20% limit up, and several others like Jinan Guoji, Yihua New Materials, Honghe Technology, Changguang Huaxin, Dongtian Micro, and Guanghe Technology rising over 5% [1] - The driving force behind this growth is attributed to the increasing capital expenditures of cloud service providers like Microsoft and Google, which are expected to grow over 30% year-on-year by 2025, alongside domestic companies like Alibaba and Tencent, with projected capital expenditures exceeding 120 billion and 80 billion respectively [1]

Core Viewpoint - The A-share market experienced a collective rise on July 8, with major indices showing positive performance, indicating a resilient market despite potential resistance at previous highs [1][2]. Market Performance - The Shanghai Composite Index rose by 0.7% to close at 3497.48 points, the Shenzhen Component increased by 1.47% to 10588.39 points, and the ChiNext Index surged by 2.39% to 2181.08 points [1][2]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion yuan, with over 4200 stocks rising [2]. Sector Performance - The photovoltaic sector saw a significant surge, with stocks like Tongwei Co., Ltd., Junda Co., and Yijing Optoelectronics hitting the daily limit [5][6]. - The PCB and computing sectors also performed well, with multiple stocks in these areas experiencing gains [6]. Capital Flow - Main capital flows showed a net inflow into photovoltaic equipment, electronic components, and semiconductors, while there was a net outflow from power, chemical pharmaceuticals, and aerospace sectors [7]. - Notable net inflows were observed in stocks such as N Yitang, Industrial Fulian, and China Oil Capital, with inflows of 9.87 billion yuan, 9.13 billion yuan, and 8.99 billion yuan respectively [8]. - Conversely, stocks like Changshan Pharmaceutical, Jinyi Culture, and Xinyada faced net outflows of 8.23 billion yuan, 7.67 billion yuan, and 5.29 billion yuan respectively [9]. Institutional Perspectives - According to Qianhai Bourbon Fund, the market has shown resilience since June 23, with expectations for a challenge at 3674 points in the second half of the year [11]. - Zhongtai Securities noted that the index faces significant pressure and suggested focusing on industries with longer cycles and more earnings forecasts [11]. - Datong Securities highlighted the short-term performance of dividend stocks and their role in providing support to the market, while emphasizing the need for technology to drive long-term growth [11].

证券代码：301413 证券简称：安培龙 公告编号：2025-050 深圳安培龙科技股份有限公司 专利号：ZL 2025 1 0264082.9 专利权人：深圳安培龙科技股份有限公司 专利申请日：2025 年 03 月 06 日 授权公告日：2025 年 07 月 04 日 专利权期限：本专利的专利权期限为 20 年。 本发明提供一种应用于刹车压力传感器及力传感类装置的结构设计方法及 装置，其主要目的在于对结构设计与材料进行优化，通过压电本构模型对组装 传感器进行力电学仿真，进而提升传感器的灵敏度与环境适应性，以解决现有 压电传感器技术在材料性能、封装设计、制造工艺及动态响应等方面存在显著 缺陷从而严重制约了传感器在高端刹车系统中的应用的现状。 关于公司获得发明专利证书的公告 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。 深圳安培龙科技股份有限公司（以下简称"公司"）于近日收到国家知识产 权局颁发的 2 项《发明专利证书》，现将本次取得的发明专利具体情况公告如下： 一、发明专利 1： 发明专利名称：一种应用于刹车压力传感器的结构设计方法及装置 专利权人：深圳 ...