CAERI(SH:601965) Xin Lang Cai Jing·2025-12-23 06:04Core Viewpoint - China Automotive Engineering Research Institute Co., Ltd. (China Automotive Research) has experienced a slight decline in stock price and a mixed performance in financial metrics, indicating potential challenges in the automotive service sector [1][2]. Financial Performance - As of September 30, 2025, China Automotive Research reported a revenue of 3.024 billion yuan, a year-on-year decrease of 0.76%, and a net profit attributable to shareholders of 666 million yuan, down 0.56% year-on-year [2]. - The company's stock price increased by 1.22% year-to-date, with a 2.41% rise over the last five trading days and a 3.45% increase over the last 20 days, but a decline of 5.33% over the last 60 days [1]. Shareholder Information - The number of shareholders increased by 18.75% to 21,600 as of September 30, 2025, while the average circulating shares per person decreased by 15.79% to 46,048 shares [2]. - The top ten circulating shareholders include various funds, with notable increases in holdings by China Europe Pension Mixed A and China Europe Insight Mixed A [3]. Business Overview - China Automotive Research, established on January 11, 2001, and listed on June 11, 2012, primarily engages in automotive technology services and equipment manufacturing, with 89.80% of its revenue coming from automotive technology services [1]. - The revenue composition includes 65.58% from complete vehicle and traditional parts development and testing, 16.21% from new energy and intelligent connected vehicle development and testing, and smaller contributions from other segments [1].