Investment Rating - The industry investment rating is Neutral (maintained) [6] Core Insights - The upcoming release of Tesla's Optimus V3 is expected to catalyze the industry, with a focus on companies involved in the humanoid robot supply chain and those with significant advancements in autonomous driving technology [9] - The demand for gas turbines and generator sets is anticipated to surge due to increased overseas data center construction, benefiting companies in the gas turbine and robotics supply chains [9] - Companies with strong alpha characteristics in the automotive and parts sector are expected to withstand industry risks and achieve revenue and profit growth [3] Summary by Sections Investment Recommendations and Targets - Strong alpha automotive and parts companies are expected to resist industry risks and achieve revenue and profit growth; focus on advanced autonomous driving supply chains, data center liquid cooling, and gas turbine industries [3] - Suggested companies to watch include: - Humanoid robot-related: Xinquan Co., Ltd. (603179, Buy), Top Group (601689, Buy), Yinlun Co., Ltd. (002126, Buy), and others [4] - Gas turbine-related: Yinlun Co., Ltd. (002126, Buy) [4] - Liquid cooling-related: Yingweike (002837, Not Rated), Yinlun Co., Ltd. (002126, Buy), Top Group (601689, Buy), and others [4] - Autonomous driving-related: Jingwei Hengrun-W (688326, Buy), Bertley (603596, Buy), Desay SV (002920, Buy) [4]

（文章来源：证券日报） 证券日报网讯 2月4日，斯菱智驱发布公告称，公司于2025年11月18日召开第四届董事会第十三次会 议，审议通过了《关于对外投资购买股权的议案》，同意公司以自有资金或自筹资金392，225，364.00 元购买宁波银球科技股份有限公司（简称"银球科技"）24.3427%股权（对应23，076，833股股份），其 中分别向银球科技股东胡永朋、李定华购买其持有的银球科技22.3427%股权（即21，180，833股股 份）和2.0000%股权（即1，896，000股股份），并签署了《浙江斯菱汽车轴承股份有限公司与胡永 朋、李定华关于宁波银球科技股份有限公司之股份转让协议》。近日，银球科技、胡永朋、李定华已办 理完成相关的工商变更备案手续，并取得宁波市市场监督管理局下发的《营业执照》。 ...

证券代码：301550 证券简称：斯菱智驱 公告编号：2026-001 浙江斯菱智能驱动集团股份有限公司 关于对外投资进展暨参股公司完成工商变更登记的公告 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、对外投资概况 浙江斯菱智能驱动集团股份有限公司（以下简称"公司"）于 2025 年 11 月 18 日 召开第四届董事会第十三次会议，审议通过了《关于对外投资购买股权的议案》，同 意公司以自有资金或自筹资金 392,225,364.00 元购买宁波银球科技股份有限公司（以下 简称"银球科技"）24.3427%股权（对应 23,076,833 股股份），其中分别向银球科技 股东胡永朋、李定华购买其持有的银球科技 22.3427%股权（即 21,180,833 股股份）和 2.0000%股权（即 1,896,000 股股份），并签署了《浙江斯菱汽车轴承股份有限公司与 胡永朋、李定华关于宁波银球科技股份有限公司之股份转让协议》。 具体内容详见公司于 2025 年 11 月 18 日在巨潮资讯网（www.cninfo.com.cn）披露 的《关于对外投资购买股权暨 ...

Investment Rating - The report provides a "Buy" rating for several key stocks in the financial and manufacturing sectors, including China Resources Land and Beike-W [15][18][20][21]. Core Insights - The macroeconomic environment shows a continuation of strong supply and weak demand characteristics, with short-term growth pressure remaining manageable [9]. - The real estate sector is experiencing a valuation recovery opportunity for quality developers due to a resonance between fundamentals and policies [10]. - The banking sector is witnessing a recovery from oversold conditions, with stock prices rebounding ahead of improvements in the funding environment [20]. - The non-bank financial sector is expected to benefit from policy-driven high-quality development, with a focus on high-performing stocks [22]. - The new energy sector has established a bottom line, with attention on marginal changes in new technologies [25]. - The machinery sector is gaining order resilience from overseas solar expansion and new business developments, while space solar technology opens growth opportunities [31]. - The environmental sector is focusing on carbon neutrality opportunities, with overseas expansion and metal prices providing elasticity [33]. Summary by Sections Real Estate - The sector is expected to face challenges in 2026, but recent policy easing and improved second-hand housing sales indicate a potential recovery [14]. - China Resources Land is highlighted as a leading developer with strong operational capabilities and a solid financial position, projected to achieve a net profit of 26.2 billion, 27 billion, and 28.2 billion from 2025 to 2027 [15]. Banking - Nanjing Bank is recommended due to its expected double-digit revenue growth in 2025, driven by stable asset quality and improved net interest margins [21]. Non-Bank Financials - New China Life Insurance is noted for its high elasticity and potential for improved returns on equity, with projected intrinsic values of 292.1 billion and 329.0 billion for 2025 and 2026, respectively [24]. New Energy - The storage sector is expected to see demand stability supported by national capacity pricing, while lithium battery technology is anticipated to rebound with improved economic conditions [25]. - JunDa Co. is recognized for its strategic partnerships and potential growth in the space solar sector, with projected profits increasing significantly by 2027 [27]. Machinery - The machinery sector is benefiting from overseas solar project expansions, with companies like DiEr Laser positioned to capitalize on new technologies and increased order volumes [31][32]. Environmental - Weiming Environmental is highlighted for its potential in the Indonesian waste-to-energy market, with expected project launches in early 2026 [39]. - The company is projected to achieve net profits of 2.88 billion and 3.44 billion in 2025 and 2026, respectively [39]. Light Industry - The light industry is seeing a rebound in export-driven companies, with a focus on quality stocks that can leverage cost efficiencies and supply chain advantages [43]. Military Industry - The military sector is expected to benefit from the transition of military technology to civilian applications and increased military trade, with key recommendations including Aviation Power and AVIC Xi'an Aircraft Industry [51][53].

(免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 来源：新浪证券-红岸工作室 2月4日，斯菱智驱涨0.06%，成交额8.92亿元，换手率3.88%，总市值380.68亿元。 异动分析 减速器+人形机器人+新能源汽车+人民币贬值受益+专精特新 1、2024年5月8日互动易回复：公司谐波减速器已在量产前期筹备阶段。 2、2024年5月9日互动易：公司机器人零部件产品计划覆盖工业机器人、协作机器人及人形机器人等领 域。目前谐波减速器已在量产前期筹备阶段。 3、根据2025年4月24日公告：报告期内，公司结合行业新标准及客户定制化需求，成功研发并量产低能 耗轴承、自锁式轮毂轴承等高性能新产品，同时完成新能源汽车驱动轮毂电机系统高速轴承关键技术攻 关，实现新能源驱动电机轴承主机配套能力。 4、根据2024年年报，公司海外营收占比为68.37%，受益于人民币贬值。 5、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 业自身的竞争力，以及提升产业链、 ...

来源：新浪证券-红岸工作室 2月3日，斯菱智驱涨0.73%，成交额8.93亿元，换手率3.85%，总市值380.45亿元。 异动分析 区间今日近3日近5日近10日近20日主力净流入20.31万-2003.19万-4.98亿-7.99亿-9.57亿 主力持仓 减速器+人形机器人+新能源汽车+人民币贬值受益+专精特新 1、2024年5月8日互动易回复：公司谐波减速器已在量产前期筹备阶段。 2、2024年5月9日互动易：公司机器人零部件产品计划覆盖工业机器人、协作机器人及人形机器人等领 域。目前谐波减速器已在量产前期筹备阶段。 3、根据2025年4月24日公告：报告期内，公司结合行业新标准及客户定制化需求，成功研发并量产低能 耗轴承、自锁式轮毂轴承等高性能新产品，同时完成新能源汽车驱动轮毂电机系统高速轴承关键技术攻 关，实现新能源驱动电机轴承主机配套能力。 4、根据2024年年报，公司海外营收占比为68.37%，受益于人民币贬值。 5、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301133 | 金钟股份 | 39.39 | -10.11% | 7.67万 | 3.13亿 | | 301550 | 斯基智驱 | 167.88 | -8.42% | 10.51万 | 18.13亿 | | 603023 | 威帝股份 | 5.24 | -7.91% | 46.80万 | 2.49亿 | | 603786 | 科博达 | 70.25 | -7.50% | 8.24万 | 5.92亿 | | 002536 | 飞龙股份 | 27.60 | -6.98% | 44.57万 | 12.48亿 | | 603950 | 长源东谷 | 29.62 | -6.59% | 7.08万 | 2.16亿 | | 605255 | 天普股份 | 132.90 | -6.51% | 3.67万 | 5.00亿 | | 603286 | 日盈电子 | 68.30 | -6.50% | 6.34万 | 4.51亿 | | 603949 | 雪龙集团 | ...

Investment Rating - The investment rating for the automotive industry is "Positive" and is maintained [9] Core Insights - In Q4 2025, the fund holding ratio in the automotive industry slightly increased to 4.35%, up by 0.02 percentage points from the previous quarter, indicating an overall overweight of 0.14% compared to the market capitalization of automotive stocks in A-shares [2][5] - The configuration ratio for automotive manufacturing decreased to 1.04%, down by 0.12 percentage points, while the configuration ratio for automotive parts increased to 3.31%, up by 0.14 percentage points [5] - The wholesale sales of passenger vehicles in Q4 2025 reached 8.846 million units, showing a year-on-year decrease of 0.3% but a quarter-on-quarter increase of 15.1% [5] Summary by Sections Market Performance - The A-share automotive sector increased by 2.15%, outperforming the CSI 300 index which decreased by 0.62% [28] - Among sub-sectors, commercial vehicle parts rose by 7.36%, while automotive sales and services fell by 5.74% [28] Fund Holdings - The top fifteen fund holdings in the automotive sector for Q4 2025 include Fuyao Glass, Slin Intelligent Drive, and Sailun Tire, with significant inflows into Slin Intelligent Drive and outflows from Jianghuai Automobile [6][17] Investment Recommendations - The report emphasizes three main investment themes: 1. Overseas expansion with recommendations for companies like Minth Group and BYD 2. High-end passenger vehicles and parts with a focus on companies like Geely and Ideal Automotive 3. Embracing AI technology with recommendations for companies like Top Group and Xpeng Motors [7][22][23]

东方阿尔法优选混合A（007518）成立日期2019年9月12日，最新规模8182.19万。今年以来收益 3.83%，同类排名5395/8861；近一年收益55.17%，同类排名1516/8126；成立以来收益20.7%。 东方阿尔法优选混合A（007518）基金经理为周谧。 截至发稿，周谧累计任职时间7年331天，现任基金资产总规模53.02亿元，任职期间最佳基金回报 112.22%， 任职期间最差基金回报9.94%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 1月27日，斯菱智驱跌0.24%，截至发稿，报186.04元/股，成交10.62亿元，换手率4.03%，总市值430.26 亿元。斯菱智驱股价已经连续3天下跌，区间累计跌幅5.64%。 资料显 ...

每经头条（nbdtoutiao）——地方国资开始"抄底"法拍房！单价六七千元"扫货"广州南沙区超60套房 源，同小区二手房挂牌均价逾2万元 每经AI快讯，斯菱智驱发布公告称，2026年1月22日，斯菱智驱接受国寿安保基金等投资者调研，公司 董事长姜岭、董事会秘书安娜，证券事务代表蔡航丽参与接待，并回答了投资者提出的问题。 （记者 曾健辉） ...