（文章来源：证券日报） 证券日报网讯中海达11月4日在互动平台回答投资者提问时表示，目前公司车载端软硬件产品已定点应 用在吉利、小鹏、上汽、长城、东风和一汽等汽车制造企业的多款量产新车型。相关业务介绍请参阅公 司定期报告内容。 ...

崔东树表示，10月的整车市值变化依旧延续新能源为核心增长动力的体现，但燃油车企稳带来的市值改善也是很好的趋势。国际车企的市值分化，美股的 大部分国际公司表现较一般，港股的内资企业表现优秀。 | | 整车股市值 | | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | A股 | 2020 | 5597 | 5542 | 5207 | 5232 | 5151 | 5136 | 5734 | 5839 | 5739 | 6931 | 8074 | 7675 | | | 2021 | 6681 | 6776 | 6528 | 7190 | 7976 | 8399 | 7918 | 8825 | 7938 | 8494 | 8248 | 7941 | | | 2022 | 6927 | 6830 | 6170 | 5763 | 6950 | 8313 | 8170 | 7217 | 6480 | 605 ...

Investment Rating - The report suggests a "Buy" rating for the company, indicating a positive outlook for investment opportunities [2][4]. Core Insights - The company, Dapeng Industrial, is recognized as a national-level "Little Giant" enterprise specializing in industrial precision cleaning equipment and is accelerating its layout in machine vision detection products [2][12]. - The company has experienced significant growth, with a revenue increase of 28.43% and a net profit increase of 59.89% in the first three quarters of 2025 [32]. - The demand for industrial precision cleaning equipment is driven by the rapid development of the automotive industry, particularly in the context of new energy vehicles [39][44]. Summary by Sections 1. Initial Issuance - The company plans to issue 15 million shares at a price of 9 yuan per share, with an expected market capitalization of 12.72 times earnings [5][6]. - The funds raised will be used for expanding production capacity and enhancing research and development efforts [8][10]. 2. Business Overview - Dapeng Industrial serves major clients such as BYD and Weichai Power, focusing on industrial precision cleaning equipment and machine vision detection devices [12][30]. - The company has a projected gross margin of 27.22% for 2024, with a significant portion of its revenue coming from industrial precision cleaning equipment [16][26]. - The company has established a strong market position due to its technological capabilities and partnerships, including collaboration with Tencent Cloud [12][21]. 3. Industry Analysis - The industrial precision cleaning equipment market is expected to grow, driven by the increasing demand from high-value manufacturing sectors, particularly in the automotive industry [39][40]. - Machine vision technology is rapidly evolving and is being widely adopted across various industries, including automotive and consumer electronics, enhancing production efficiency and quality control [47][48]. - The report highlights the competitive landscape, noting that Dapeng Industrial is well-positioned against competitors like Blue Eagle Equipment and Sanyue Machinery [39][47].

经过一年紧锣密鼓的筹建工作，北京法巴天星财产保险股份有限公司（以下简称"法巴天星保险"）已获北京金融监管局颁发的保险许可证。 人事方面，从此前披露的信息来看，法巴天星保险拟任董事长为黄譎葹（OOI See See）。公开资料显示，黄譎葹生于1968年，毕业于美国爱荷华大学，拥 有精算学士学位，曾任中意多渠道营销部负责人、意大利忠意集团亚洲区办事处（香港）亚洲区分销部负责人、法国巴黎保险集团亚洲区总部（香港）亚洲 区副总裁、法国巴黎保险集团亚洲区总部（香港）亚洲区总裁等职位，现任法国巴黎保险集团中国区非执行主席、亚洲区总部（香港）亚洲区总裁。 国家金融监督管理总局保险许可证查询页面显示，法巴天星保险的机构编码为000266，发证日期为2025年10月24日，批准日期为2025年10月17日。 《每日经济新闻》记者（以下简称"每经记者"）注意到，早在2025金融街论坛年会期间（10月27日至30日），就有活动议程公布要举办法巴天星保险的揭幕 仪式，但最后该仪式并未举行。不过，从批复内容来看，彼时法巴天星保险已经拿到了开业许可证。 | 机构详细信息 | | | --- | --- | | 机构编码: | 00026 ...

Group 1 - BYD's October sales of new energy vehicles reached approximately 442,000 units, maintaining its leading position among brands. Cumulative sales for the first ten months of the year reached about 3.702 million units, a year-on-year increase of 13.9%. The annual sales target is 4.6 million units, with a completion rate of approximately 80.5% [1] - Geely's passenger car sales in October were approximately 307,000 units, representing a year-on-year growth of 35%. Cumulative sales for the first ten months reached about 2.477 million units, a year-on-year increase of 44%, with an annual sales target completion rate of approximately 82.6% [1] - SAIC Motor's October sales of self-owned brands were approximately 306,000 units, a year-on-year increase of 22%. Cumulative sales for the first ten months reached about 2.35 million units, a year-on-year increase of 28.3%, accounting for 64.4% of the company's total sales [1] Group 2 - Chery Holding Group's October sales were approximately 281,000 units, a year-on-year increase of 3.3%. Cumulative sales for the first ten months reached about 2.289 million units. The new energy segment sold 110,000 units in October, a year-on-year growth of 54.7% [2] - Changan Automobile's October sales were approximately 278,000 units, a year-on-year increase of 11%. Cumulative sales for the first ten months reached about 2.374 million units, a year-on-year increase of 10.1%, with the new energy segment showing a significant growth of 60.6% [4] - Great Wall Motors reported October sales of approximately 143,000 units, a year-on-year increase of 22.5%. Cumulative sales for the first ten months reached about 1.066 million units, a year-on-year increase of 9.9% [4] Group 3 - The retail market for narrow passenger vehicles in China is expected to reach around 2.2 million units in October, with new energy vehicle retail sales estimated at around 1.32 million units, potentially achieving a penetration rate of 60%, which would be a historical high [6] - Several automakers are initiating year-end sales strategies to meet annual sales targets, including tax subsidy programs to attract consumers before the end of November [6]

日前，《每日经济新闻》记者获悉，沈阳原上汽通用北盛工厂（三期）正在改造中，后续将用于补充吉利银河产能。 每经记者｜孙桐桐 每经编辑｜余婷婷 "由于吉利银河销量的爆发，并提前完成年销百万辆的目标，成为了最快实现年销百万辆的新能源品牌，这确实对我们的产能提出了更高要求。为更好地满 足持续增长的市场需求，我们正在积极研究并探讨多种扩充产能的方案。尽最大可能利用各地剩余产能，不再建设新的汽车生产工厂或者扩大现有工厂产 能。"11月4日，吉利汽车相关负责人向《每日经济新闻》记者表示。 据了解，北盛工厂曾是上汽通用在华四大生产基地之一，其中被称作"北厂"的三期工厂于今年2月全面关停。今年5月，沈阳吉驰汽车注册成立，将投入近 8.9亿元招标改造三期工厂。天眼查显示，沈阳吉驰由沈阳大东区国资委全资拥有，注册资本50亿元。 The Re t b 14 the state of the states THE LED THE FOR THE LEASE 图片来源：每经记者 孙桐桐 摄 强势的新品周期和快速增长的销量，使吉利银河在产能上面临一定压力。公开信息显示，目前生产银河车型的有浙江台州临海、陕西宝鸡、贵州贵阳、湖南 湘潭和钱塘 ...

声明： 因水平有限，错误不可避免，或有些信息非最及时，欢迎留言指出。本文由作者重新编写，仅作新材料相关领域介绍，本文不构成任何投资建议！ 转载请注明来源！ 近日， 金发科技 联合 浙江吉利汽车有限公司 （以下简称"吉利汽车"）、 中汽数据有限公司 （以下简称"中汽数据"）揭 牌成立 "汽车可持续材料联合研究实验室" 。 三方基于"优势互补、协同创新、产业赋能"原则， 整合汽车产业数据服务、整车研发制造与高分子材料创新领域的核心资 源 ，聚焦车用可持续材料技术突破、产业化落地与管理体系建设，为我国汽车产业绿色循环可持续发展提供关键技术支 撑。 金发科技表示，汽车可持续材料联合研究实验室为车用可持续材料从技术研发到产业化应用搭建了关键桥梁。下一步，联 合研究实验室将持续推动汽车可持续材料技术成果转化与产业化落地，深化汽车材料闭环循环生态协同机制建设，加强国 内外产业交流与技术合作，为提升我国汽车产业可持续材料应用水平、推动全球汽车产业绿色低碳发展提供"中国方案"， 助力我国汽车产业在新一轮全球竞争中抢占绿色制高点。 资料来源： --金发科技 获取 《2025中国合成生物制造产业发展白皮书》 请添加下方微信 添加微 ...

Core Viewpoint - The article discusses the evolution and strategic positioning of Hezhima Intelligent in the AI chip industry, particularly focusing on its A1000 and A2000 series chips for autonomous driving applications, emphasizing the importance of collaboration with automotive manufacturers and the need for a comprehensive solution to drive adoption [2][3][4]. Group 1: Product Development and Market Positioning - Hezhima Intelligent was established in 2016, and its A1000 chip, launched in 2020, was the first domestic 16nm AI chip with over 50 TOPS of computing power, marking a significant milestone in the industry [2][3]. - The A1000 began mass production in 2022, with Hezhima adopting a "joint development" approach with automotive companies to ensure successful integration and application of its technology [2][3]. - The A2000 series, set to launch by the end of 2025, will feature a self-developed NPU architecture and will cater to various applications, including Robotaxi and general reasoning computing [3][4]. Group 2: Strategic Collaborations - Early collaborations with companies like Geely and FAW were crucial for Hezhima's development, allowing for rapid iteration and deployment of autonomous driving solutions [3][10]. - The partnership with Wuhan University aims to enhance the capabilities of humanoid robots using Hezhima's chips, showcasing the company's commitment to expanding its technological applications [4]. Group 3: Industry Challenges and Trends - The autonomous driving sector has faced challenges, including the need for significant investment and the slow adoption of new technologies by automotive manufacturers [9][10]. - The article highlights the importance of balancing chip performance and cost, as the industry moves towards more cost-effective solutions while maintaining high computational capabilities [6][15]. - The demand for higher computing power in autonomous driving is expected to evolve, with projections indicating that the necessary computing power for city NOA could converge to below 300 TOPS in the next three years [36]. Group 4: Future Directions and Innovations - Hezhima Intelligent is focusing on the integration of driving and cabin technologies, with its products designed to meet the needs of entry-level vehicles while maintaining cost efficiency [39][43]. - The company is also exploring the potential of embodied intelligence and robotics, indicating a strategic move towards diversifying its product offerings beyond automotive applications [48][54].

证券代码：300926 证券简称：博俊科技 江苏博俊工业科技股份有限公司 投资者关系活动记录表 编号：2025-007 3 | | 5、问：公司三季度取得了很不错的业绩，但近几个报告期经 | | --- | --- | | | 营性现金流均为负，请问原因及后续趋势？ | | | 答：主要系公司近年新工厂、新项目投资较大且密集，设备 | | | 及人员投入大幅增长，对应材料、人员等经营性现金流大 | | | 幅增长，导致经营性现金流有所降低。新工厂、新项目建 | | | 成并稳定运营后有望明显改善提升经营性现金流，具体时 | | | 间需要结合新项目的建成及投产情况而定。Q3 在营业收 | | | 入增加的情况下经营性现金流较 Q2 已改善了七千多万， | | | 后续有望继续改善。 | | | 6、问：除了新能源车，有没有拓展其他行业或品类？ | | | 答：公司依据自身业务发展同时结合客户需求，评估是否扩 | | | 展相应的产品类别；像机器人等领域，公司也很看好，正 | | | 在积极对接相关客户。 | | | 7、问：公司参与投资股权基金的规划和考量？ | | | 答：公司在聚焦主业的同时，也在横向拓展 ...

影响面积广：预计90%的新能源汽车消费者将显著受到购置税补贴减半政策影响。2026~2027年， 30万以上/以下销售价格的车型(上险量分别占新能源总体的约10%/90%)，需要新增缴纳的购置税金额占 销售价格的比例分别为5%以下和5%。因此，预计90%的低价格带车型消费者对补贴退坡的感知都将比 较明显，补贴退坡将较为确定地影响明年的总量需求。 智通财经APP获悉，华源证券发布研报称，2024年至2025年底期间，新能源汽车继续免征车辆购置 税，但每辆新能源乘用车免税额不超过3万元。而在即将到来的2026年至2027年期间的新能源汽车将减 半征收车辆购置税，且每辆新能源乘用车减税额不超过1.5万元。尽管当前新能源车渗透率已超50%， 但考虑到优质供给推出+新能源渠道逐步下沉+厂家/经销商或可能承担部分退坡的补贴，预计购置税补 贴退坡下2026年新能源渗透率还能维持个位数百分点的小幅增长，潜在可超预期的点或看智驾迭代进 展。 华源证券主要观点如下： 2026年新能源汽车购置税补贴即将减半、补贴技术要求亦将进一步提升 国家自2014年8月1日起开始多次公告提出或延续对新能源汽车免征车辆购置税政策。其中，在2014 ...