Core Viewpoint - The company, Siling Co., Ltd., is experiencing growth in its business segments, particularly in the production of harmonic reducers and components for humanoid robots, benefiting from the depreciation of the RMB and its classification as a "specialized and innovative" small giant enterprise [2][3]. Company Overview - Siling Co., Ltd. is located in Zhejiang Province and was established on November 22, 2004. It was listed on September 15, 2023. The company specializes in the research, development, manufacturing, and sales of automotive bearings [7]. - The main revenue composition includes: 80.22% from braking system bearings, 12.78% from transmission system bearings, 5.27% from power system bearings, 0.94% from non-automotive bearings, and 0.79% from other sources [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 391 million yuan, representing a year-on-year growth of 8.75%. The net profit attributable to the parent company was 99.17 million yuan, with a year-on-year increase of 4.95% [7]. - As of June 30, 2025, the company had a total market capitalization of 21.579 billion yuan, with a trading volume of 538 million yuan and a turnover rate of 4.11% [1]. Market Position and Recognition - The company has been recognized as a "specialized and innovative" small giant enterprise, which is a prestigious title in China, indicating strong innovation capabilities and high market share in niche markets [3]. - The overseas revenue accounted for 68.37% of total revenue, benefiting from the depreciation of the RMB [3]. Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders increased by 27.55% to 16,900, with an average of 5,756 shares held per person, reflecting growing investor interest [7]. - Notable institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and Penghua Carbon Neutral Theme Mixed Fund, which have increased their holdings [8].

Group 1 - The core point of the news is the significant increase in the stock price of Slin Automotive Bearings Co., Ltd., which rose by 5.38% to 134.20 CNY per share, with a trading volume of 2.22 billion CNY and a total market capitalization of 21.405 billion CNY [1] - Slin Automotive Bearings Co., Ltd. was established on November 22, 2004, and went public on September 15, 2023. The company specializes in the research, development, manufacturing, and sales of automotive bearings [1] - The main business revenue composition includes: 80.22% from brake system bearings, 12.78% from transmission system bearings, 5.27% from power system bearings, 0.94% from non-automotive bearings, and 0.79% from other supplementary products [1] Group 2 - From the perspective of fund holdings, Huafu Fund has a significant position in Slin Automotive Bearings, with its Huafu Technology Momentum Mixed A fund holding 660,000 shares, accounting for 5.24% of the fund's net value, making it the second-largest holding [2] - The Huafu Technology Momentum Mixed A fund, established on November 6, 2019, has a current scale of 570 million CNY and has achieved a return of 101.68% this year, ranking 47 out of 8244 in its category [2] - The fund manager, Shen Cheng, has been in position for 3 years and 276 days, with a total asset scale of 1.661 billion CNY, achieving the best fund return of 68.31% and the worst return of 12.03% during his tenure [2]

Core Viewpoint - Company Slin is transitioning from a "single bearing supplier" to a "precision manufacturing platform enterprise," leveraging its leadership in the automotive bearing aftermarket and entering the robot harmonic reducer market, creating a "dual-driven" growth model [1][17]. Group 1: Company Overview - Slin has been a leader in the automotive bearing aftermarket for over 20 years, focusing on high-precision products used in automotive braking, power, and transmission systems [3][5]. - The company has established a strong competitive barrier through continuous technological advancements, including the development of multiple generations of hub bearings and strategic acquisitions to enhance its product lines [3][5][7]. Group 2: Financial Performance - From 2020 to 2024, Slin's revenue grew from 525 million to 774 million, with a compound annual growth rate (CAGR) of 10.2%, while gross margin increased from 24.99% to 32.52% [7][9]. - In the first half of 2025, the company reported a revenue increase of 8.75% year-on-year, reaching 391 million, with a gross margin of 34.82% [11][12]. Group 3: Market Position and Trends - The global bearing market is projected to grow from $1,340 billion in 2023 to $2,340 billion by 2030, with a CAGR of 8.3% [13][15]. - Slin is well-positioned to benefit from the trend of domestic substitution in the bearing industry, as it continues to upgrade its production capacity and expand its global footprint [15][16]. Group 4: Robotics Sector Development - The global humanoid robot market is expected to grow significantly, with sales projected to reach 1.24 million units and a market size of 6.339 billion by 2025 [16][17]. - Slin plans to invest 117 million in establishing a robotics components division, focusing on the development of harmonic reducers and other components, leveraging its existing automotive supply chain advantages [17].

来源：新浪证券-红岸工作室 9月24日，斯菱股份涨2.55%，成交额8.09亿元，换手率6.17%，总市值216.60亿元。 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。 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、供应链稳定性和竞争力具有重大意义。公司已入选工信部国家级专 精特新小巨人企业名单。 (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) 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。 ...

Core Viewpoint - The company, Siling Co., Ltd., is experiencing growth in its stock performance and is benefiting from various market trends, including the depreciation of the RMB and advancements in its product lines, particularly in the fields of robotics and new energy vehicles [1][2][3]. Group 1: Company Performance - On September 23, Siling Co., Ltd. saw a stock increase of 1.49%, with a trading volume of 7.25 billion and a market capitalization of 211.21 billion [1]. - For the first half of 2025, the company reported a revenue of 391 million, representing a year-on-year growth of 8.75%, and a net profit attributable to shareholders of 99.17 million, up 4.95% year-on-year [7]. - The company has a significant overseas revenue share of 68.37%, benefiting from the depreciation of the RMB [3]. Group 2: Product Development - The company is in the early stages of mass production for its harmonic reducers, which are essential components for various types of robots, including industrial and humanoid robots [2]. - Siling Co., Ltd. has successfully developed and mass-produced high-performance new products, including low-energy bearings and self-locking hub bearings, while also achieving key technological breakthroughs in the electric motor bearing systems for new energy vehicles [2][3]. Group 3: Market Position and Recognition - Siling Co., Ltd. has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title in China for companies excelling in niche markets and possessing strong innovation capabilities [3]. - The company operates primarily in the automotive bearing sector, with its main revenue sources being brake system bearings (80.22%), transmission system bearings (12.78%), and power system bearings (5.27%) [7].

截至发稿，陆阳累计任职时间1年334天，现任基金资产总规模11.98亿元，任职期间最佳基金回报 260.39%， 任职期间最差基金回报14.36%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，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。 数据显示，德邦基金旗下1只基金重仓斯菱股份。德邦高端装备混合发起式A（023566）二季度持有股 数7.07万股，占基金净值比例为6.15%，位居第八大重仓股。根据测算，今日浮盈赚取约46.59万元。 德邦高端装备混合发起式A（023566）成立日期2025年3月14日，最新规模1325.97万。成立以来收益 23.94%。 德邦高端装备混合发起式A（023566）基金经理为陆阳。 9月22日，斯菱股份涨5.45%，截至发稿，报127.49元/股，成交2.02亿元，换手率1.66%，总市值203.35 亿元。 资料显示，浙江斯菱汽车轴承股份有限公司位于浙江省新昌县澄潭街道江东路3号，成立日期2004年11 月22日，上市日期2023年9月15日，公司主营业务涉及汽车轴承的研发、 ...

来源：新浪证券-红岸工作室 9月19日，斯菱股份跌7.00%，成交额9.81亿元，换手率8.21%，总市值192.84亿元。 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。 公司简介 资金分析 今日主力净流入-623.34万，占比0.01%，行业排名128/252，连续2日被主力资金减仓；所属行业主力净 流入-69.53亿，连续2日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-623.34万-2817.332.15亿2.82亿6164.74万 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额3.96亿，占总成交额的8.02%。 ...

每经头条（nbdtoutiao）——全国首批L3级"真自动驾驶"汽车要来了！高速能脱手、堵车能歇气，但权 责怎么分？专家解答 （记者 曾健辉） 每经AI快讯，斯菱股份（SZ 301550，收盘价：129.6元）9月17日晚间发布公告称，公司股东张一民、 何益民减持计划实施完毕，共减持公司股份约200万股，减持股份占公司总股份为1.254%。 2024年1至12月份，斯菱股份的营业收入构成为：汽车零部件制造占比98.79%，其他业务占比1.21%。 截至发稿，斯菱股份市值为207亿元。 ...

斯菱股份公告，持股5%以上股东张一民、何益民减持计划已实施完毕。张一民于2025年7月16日至2025 年9月16日通过集中竞价减持100万股，减持均价104.5元/股，减持比例0.6270%；何益民于2025年6月19 日至2025年9月16日通过集中竞价减持100万股，减持均价98.12元/股，减持比例0.6270%。两人合计减 持200万股，占总股本1.2539%。 ...

证券代码：301550 证券简称：斯菱股份 公告编号：2025-039 浙江斯菱汽车轴承股份有限公司 关于持股5%以上股东减持股份计划实施完毕的公告 持股5%以上股东张一民先生、何益民先生保证向本公司提供的信息内容真实、准确、完整 ，没有虚假记载、误导性陈述或重大遗漏。 一、股东减持情况 （一）减持股份来源：公司首次公开发行前取得的股份。 | 股东名称 | 减持方式 | 减持期间 | 减持均价 （元/股） | 减持价格区 间（元/股） | 减持股数 （股） | 减持比例 （%） | | --- | --- | --- | --- | --- | --- | --- | | 张一民 | 集中竞价 | 2025年7月16日- 2025年9月16日 | 104.50 | 93.30-118.88 | 1,000,000 | 0.6270 | | 何益民 | 集中竞价 | 2025年6月19日- 2025年9月16日 | 98.12 | 73.87-124.84 | 999,990 | 0.6270 | | | | 合计 | | | 1,999,990 | 1.2539 | （二）股东减持股份情况 （三）股东本次减持 ...