Core Insights - The report from China Galaxy Securities highlights that by 2026, the Robotaxi sector is expected to reach a commercialization turning point driven by policy support, technological advancements, and cost reductions [1][3] - The automotive industry in China is projected to experience stable volume and gradual price increases in 2025, with a dual drive from exports and new energy vehicles [1][2] Group 1: 2025 Overview - In 2025, the Chinese automotive industry is expected to achieve a pattern of "stable volume and gradual price increase," supported by the effective recovery of domestic demand due to vehicle replacement policies [1] - Both wholesale and retail sales are anticipated to grow year-on-year, with an increasing penetration rate of new energy vehicles [1] - The industry is facing continued price wars, leading to further pressure on profitability, with revenue growth outpacing profit growth [1] Group 2: 2026 Outlook - The exemption of the new energy vehicle purchase tax is expected to continue until the end of 2025, with a reduction to half in 2026-2027, potentially impacting sales significantly, especially for vehicles priced below 300,000 yuan [2] - Major automakers like Hongmeng Zhixing, Leap Motor, Geely, and JAC are entering a period of intensive new product launches, which may enhance their sales and market share [2] - The mainstream automakers' pure electric platforms are expected to be validated by 2025, with new models being launched at scale in 2026 [2] - The rollout of L3-level intelligent driving technology is imminent, becoming a key driver for new model launches in 2026 [2] Group 3: Emerging Business Opportunities - The Robotaxi sector is benefiting from policy support, technological progress, and cost reductions, leading to a commercial breakthrough, with major manufacturers and tech giants expanding their operations [3] - Low-speed unmanned logistics vehicles and mining trucks are moving towards scale due to policy support and economic advantages [3] - The integration of the intelligent automotive supply chain with the robotics industry is creating multiple advantages, including technological migration and resource consolidation [3] Group 4: Investment Recommendations - The report recommends focusing on leading passenger vehicle manufacturers, the intelligent industry chain, and humanoid robotics industry, highlighting companies like Geely and Great Wall Motors as key players [3] - Beneficiary stocks include JAC Motors and Leap Motor in the passenger vehicle sector, and companies like SUTENG and Desay SV in the intelligent sector [3] - In the humanoid robotics sector, companies such as Top Group and Aikodi are identified as beneficiaries [3]

Market Overview - The general equipment sector experienced a decline of 0.21% on November 26, with smart control leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers in the general equipment sector included: - Wald (688028) with a closing price of 74.90, up 12.72% and a trading volume of 141,800 shares, totaling 1.024 billion yuan [1] - Zhongshun Group (000039) closed at 9.35, up 10.00% with a trading volume of 1,947,400 shares, totaling 1.764 billion yuan [1] - Huashu High-Tech (688433) closed at 62.18, up 7.21% with a trading volume of 74,100 shares, totaling 447 million yuan [1] Decliners - Key decliners included: - Smart Control (002877) with a closing price of 9.45, down 9.91% and a trading volume of 681,500 shares, totaling 657 million yuan [2] - Rongyi Precision (920223) closed at 21.50, down 6.52% with a trading volume of 89,600 shares, totaling 195 million yuan [2] - Huafeng Co. (605100) closed at 43.91, down 5.39% with a trading volume of 84,600 shares, totaling 377 million yuan [2] Capital Flow - The general equipment sector saw a net outflow of 614 million yuan from institutional investors and a net outflow of 119 million yuan from retail investors, while retail investors had a net inflow of 733 million yuan [2] - Specific stock capital flows indicated: - Zhongshun Group (000039) had a net inflow of 47.416 million yuan from institutional investors, while retail investors experienced a net outflow of 18.000 million yuan [3] - Wald (688028) had a net inflow of 96.345 million yuan from institutional investors, with retail investors seeing a net outflow of 78.723 million yuan [3] - Sifangda (300179) had a net inflow of 81.558 million yuan from institutional investors, while retail investors faced a net outflow of 85.899 million yuan [3]

证券代码：301413 证券简称：安培龙 公告编号：2025-083 深圳安培龙科技股份有限公司 关于 2025 年第三次临时股东大会决议公告 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。 特别提示： 1.本次股东大会无否决或变更议案的情况。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、召开会议的基本情况 1.股东大会的召集人：公司第四届董事会。 2.会议主持人：董事长邬若军先生。 通过深圳证券交易所互联网投票系统投票的时间为：2025年11月20日9:15 —15:00期间的任意时间。 4.会议召开的方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 5.会议地点：深圳市坪山区坑梓街道金沙社区聚园路1号安培龙智能传感器 产业园深圳安培龙科技股份有限公司17楼会议室。 6.本次股东大会会议的召集、召开符合《中华人民共和国公司法》《中华人 民共和国证券法》《深圳证券交易所创业板股票上市规则》和《公司章程》等相 关规定。 二、会议出席情况 1.股东出席的总体情况： — 1 — 3.会议召开的日期、时间： （1）现场会议召开时间：2025年 ...

2025年第三次临时股东大会的 法律意见书 中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 邮政编码：518038 11F/12F., Taiping Finance Tower, 6001 Yitian Road, Futian District, Shenzhen, P.R. China 518038 电话（Tel.）：（0755）8826 5288 传真（Fax.）：(0755) 8826 5537 网址（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于深圳安培龙科技股份有限公司 信达会字（2025）第337号 致：深圳安培龙科技股份有限公司 广东信达律师事务所（以下称"信达"）接受深圳安培龙科技股份有限公司（以 下称"公司"）的委托，指派信达律师出席公司2025年第三次临时股东大会（以下 称"本次股东大会"），对本次股东大会的合法性进行见证。 信达律师根据《中华人民共和国公司法》（以下称"《公司法》"）、《上市 公司股东会规则》（以下称"《股东会规则》"）等法律、法规和规范性法律文件 以及《深圳安培龙科技股份有限公司章程》（以下称"《公司章程》"） ...

Core Viewpoint - Anpelon has experienced a stock price decline of 2.01% on November 20, with a current price of 123.85 CNY per share, despite a year-to-date increase of 132.76% [1] Company Overview - Anpelon Technology Co., Ltd. is located in Shenzhen, Guangdong, and was established on November 15, 2004. The company specializes in the research, production, and sales of temperature sensors, pressure sensors, and oxygen sensors [1] - The main revenue composition includes pressure sensors (52.79%), temperature sensors (45.39%), and oxygen sensors (1.82%) [1] Financial Performance - For the period from January to September 2025, Anpelon achieved a revenue of 862 million CNY, representing a year-on-year growth of 30.27%. The net profit attributable to shareholders was 73.13 million CNY, reflecting a growth of 17.20% [2] - Since its A-share listing, Anpelon has distributed a total of 52.23 million CNY in dividends [3] Shareholder Information - As of November 10, 2025, Anpelon had 16,600 shareholders, a decrease of 0.65% from the previous period. The average number of circulating shares per shareholder increased by 0.65% to 3,461 shares [2] - The top ten circulating shareholders include notable funds, with changes in holdings observed among several institutional investors [3]

Core Viewpoint - Anpei Long Microelectronics (Wuhan) Co., Ltd. has been established with a registered capital of 10 million yuan, focusing on integrated circuit design and semiconductor manufacturing [1] Company Summary - Anpei Long Microelectronics is wholly owned by Anpei Long [1] - The company's business scope includes integrated circuit design, chip design and services, sales of integrated circuit chips and products, and manufacturing of semiconductor discrete devices [1]

Core Viewpoint - Anpelon has experienced a significant stock price increase of 135.71% year-to-date, but has recently faced a decline in the last five and twenty trading days, indicating potential volatility in its stock performance [1][2]. Company Overview - Anpelon Technology Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 15, 2004. The company specializes in the research, production, and sales of temperature sensors, pressure sensors, and oxygen sensors [1]. - The company's main revenue sources are pressure sensors (52.79%), temperature sensors (45.39%), and oxygen sensors (1.82%) [1]. Financial Performance - For the period from January to September 2025, Anpelon achieved a revenue of 862 million yuan, representing a year-on-year growth of 30.27%. The net profit attributable to shareholders was 73.13 million yuan, reflecting a growth of 17.20% [2]. - Since its A-share listing, Anpelon has distributed a total of 52.23 million yuan in dividends [3]. Shareholder Information - As of November 10, 2025, Anpelon had 16,600 shareholders, a decrease of 0.65% from the previous period. The average number of circulating shares per person increased by 0.65% to 3,461 shares [2]. - The top ten circulating shareholders include notable funds, with changes in holdings observed among several institutional investors [3].

Core Viewpoint - The stock of Anpeilong has experienced significant fluctuations, with a year-to-date increase of 138.68% but a recent decline in the last five and twenty trading days, indicating potential volatility in investor sentiment and market performance [2]. Company Overview - Anpeilong Technology Co., Ltd. is located in Shenzhen, Guangdong, and specializes in the research, production, and sales of temperature sensors, pressure sensors, and oxygen sensors. The company was established on November 15, 2004, and went public on December 18, 2023 [2]. - The main revenue sources for Anpeilong are pressure sensors (52.79%), temperature sensors (45.39%), and oxygen sensors (1.82%) [2]. Financial Performance - For the period from January to September 2025, Anpeilong reported a revenue of 862 million yuan, representing a year-on-year growth of 30.27%. The net profit attributable to shareholders was 73.13 million yuan, reflecting a growth of 17.20% [2]. - Since its A-share listing, Anpeilong has distributed a total of 52.23 million yuan in dividends [3]. Stock Performance and Trading Activity - As of November 11, Anpeilong's stock price was 127.00 yuan per share, with a trading volume of 1.67 billion yuan and a turnover rate of 2.27%. The total market capitalization stood at 12.497 billion yuan [1]. - The stock has seen a net outflow of 18.96 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Structure - As of September 30, 2025, Anpeilong had 16,700 shareholders, an increase of 3.00% from the previous period. The average number of circulating shares per shareholder was 3,439, a decrease of 2.91% [2]. - Notable changes in institutional holdings include a reduction in shares held by major shareholders such as Penghua Carbon Neutral Theme Mixed A and Yongying Advanced Manufacturing Intelligent Selection Mixed Fund [3].

Core Viewpoint - The A-share market for humanoid robot concept stocks experienced a collective decline, primarily due to Tesla's revised delivery target for humanoid robots, pushing the goal from 2029 to 2035 for a total of 1 million units [1] Group 1: Market Reaction - Zhejiang Rongtai hit the daily limit down, while Hanyu Group, Lixing Co., Shiyun Circuit, and Hanwei Technology fell over 6% [1] - Other companies such as Lens Technology, Weichuang Electric, Haon Automotive Electric, Feirongda, Anpeilong, and Dayang Electric dropped more than 5% [1] Group 2: Tesla's Revised Target - Tesla's new target is to deliver a cumulative total of 1 million humanoid robots by 2035, starting from September 3, 2025 [1] - Market analysts noted that this figure was already known since September 3, indicating that the actual reason for the market pullback may be profit-taking after the recent shareholder meeting, with no immediate catalysts to drive prices higher [1] Group 3: Individual Stock Performance - Zhejiang Rongtai: -10.00% with a market cap of 29.9 billion [2] - Hanyu Group: -6.43% with a market cap of 8.864 billion [2] - Lixing Co.: -6.35% with a market cap of 5.945 billion [2] - Shiyun Circuit: -6.04% with a market cap of 30.1 billion [2] - Hanwei Technology: -6.04% with a market cap of 16.4 billion [2] - Lens Technology: -5.62% with a market cap of 155.2 billion [2] - Weichuang Electric: -5.62% with a market cap of 15.5 billion [2] - Haon Automotive Electric: -5.22% with a market cap of 13.2 billion [2] - Feirongda: -5.14% with a market cap of 17.4 billion [2] - Anpeilong: -5.11% with a market cap of 12.7 billion [2] - Dayang Electric: -5.08% with a market cap of 27.4 billion [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 5.01% to 128.71 CNY per share, with a trading volume of 376 million CNY and a turnover rate of 4.95%, resulting in a total market capitalization of 12.665 billion CNY [1] - Anpeilong was established on November 15, 2004, and went public on December 18, 2023. The company specializes in the research, production, and sales of thermal resistors, temperature sensors, oxygen sensors, and pressure sensors [1] - The revenue composition of Anpeilong's main business includes pressure sensors at 52.79%, thermal resistors and temperature sensors at 45.39%, and oxygen sensors and others at 1.82% [1] Group 2 - From the perspective of major fund holdings, one fund under Debang Fund holds a significant position in Anpeilong. The Debang High-end Equipment Mixed Initiation A Fund (023566) held 450,600 shares in the third quarter, accounting for 6.1% of the fund's net value, making it the fifth-largest holding [2] - The estimated floating loss for the Debang High-end Equipment Mixed Initiation A Fund today is approximately 3.0596 million CNY [2] - The fund manager of Debang High-end Equipment Mixed Initiation A is Lu Yang, who has been in the position for 2 years and 18 days, with the fund's total asset size at 10.935 billion CNY. The best fund return during his tenure is 256.86%, while the worst return is 8.02% [3]