本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 今年以来，外资 公募 持续加大布局中国市场的力度。 一方面， 摩根士丹利 基金 、 联博基金 宣布加大注资；另一方面，多家外资公募多次发 布看好中国市场的论点。 （ 点此领取调研名单 ） 其中，摩根资产管理近日发布的《2025年中全球市场展望》显示，中国资产是全球资产配置再平衡过程中的重要标的之一，下半年或存在结构 性行情。（可参考： 高盛、大摩、小摩、瑞银、巴克莱银行等十大知名外资重仓股出炉！ ） 路博迈基金在《中国市场展望7月报》中称，目前来看，A股上行的部分条件已经具备，市场正在等待更确定性的因素落地。 从公募机构对A股市场的布局来看，路博迈基金、富达基金、摩根基金等机构新发行基金超过30只。 另外，摩根基金、摩根士丹利基金、宏利 基金近 1月对A股公司的调研均接近40只。那么，近1个月，这些知名外资公募都布局了哪些A股公司呢？ （注：本文数据来源于Choice，截至 2025年9月28日） 摩根基金近 1个月共调研了38家公司，其中晶盛机电3家公司被调研了2次，合计调研了41次。 从今年来的涨幅来看，股价实现上涨的公司共有 32家，其中涨 ...

（责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 东方证券指出，新材料行业作为高端制造的重要细分领域，当前呈现结构性机会。深海科技被视为 国家级战略方向，涉及国家安全和能源资源安全，后续政策规划出台有望推动主题表现。固态电池领域 发展潜力较大，2025-2027年全固态电池或从中试迈向量产，技术路线收敛和政策驱动下产业链将加速 发展。机器人产业链中，具备新型轻量化材料、散热技术及国产降本能力的公司值得关注。行业整体处 于震荡上行趋势。 新材料50ETF（1597 ...

Group 1 - The Hong Kong stock market indices collectively declined, with the Hang Seng Tech Index dropping over 1%, impacting major stocks like Horizon Robotics, Xiaomi, Kingsoft, and JD Health [1] - XPeng Motors accelerated its global expansion by entering five new markets: Switzerland, Austria, Hungary, Slovenia, and Croatia, planning to launch pop-up stores in Budapest, Ljubljana, and Zagreb this fall [1] - Zhongtai Securities remains optimistic about investment opportunities in complete vehicles and intelligent driving, focusing on strong domestic brands and the robotics industry chain [1] Group 2 - Alibaba's Cloud Summit ignited bullish sentiment, with expectations for the Hang Seng Tech Index to break upward again, supported by potential Fed rate cuts and continued inflow of southbound capital [2] - Alibaba's stock price has doubled this year, making it the largest weighted stock in the Hang Seng Tech Index at 9.36% [2] - Investors without a Hong Kong Stock Connect account can access Chinese AI core assets through the Hang Seng Tech Index ETF [2]

Group 1: Financial Performance - The net profits attributable to shareholders for the years 2022, 2023, and 2024 were 75.57 million, 144.67 million, and 132.43 million respectively, totaling 352.67 million over three years [1][2] - Cash dividends for the years 2022, 2023, and 2024 were 84.17 million, 134.68 million, and 121.21 million respectively [2] Group 2: Regulatory Impact - The new national standard "Residential Project Specifications" issued by the Ministry of Housing and Urban-Rural Development will be implemented from May 1, 2025, mandating at least one elevator for residential buildings with four or more floors and at least two elevators for buildings with twelve or more floors [3] - The new regulations are expected to shift the elevator industry from reliance on real estate to a three-dimensional growth model encompassing new installations, retrofitting, and upgrades [3] Group 3: Corporate Governance and Strategy - Independent directors provide professional opinions and exercise voting rights independently to support the company's strategic development and protect shareholder interests [3] - The company is open to mergers and acquisitions that align with its development strategy and will disclose relevant information in accordance with regulatory requirements [6] Group 4: Market Position and Future Outlook - The company aims to maximize value for shareholders while maintaining effective communication with the capital market to align its valuation with intrinsic value [3] - Suggestions for collaboration with educational institutions to enhance talent acquisition and technology transfer were acknowledged and will be considered [4]

Group 1 - The company, Changsheng Bearing, has engaged in business and technical collaborations with several domestic parties in the robotics industry chain [1] - Some products related to robotic components have achieved small-scale production and sales [1] - The revenue from these robotic component products constitutes a low percentage of the company's main business income, accounting for less than 1% [1]

（记者 王晓波） 长盛轴承（300718.SZ）9月18日在投资者互动平台表示，公司与国内多家机器人产业链相关方有业务或 技术上的合作，有部分产品在机器人零部件领域已实现小批量的生产销售，该类产品收入在公司主营业 务收入中占比低（不足1%）。 每经AI快讯，有投资者在投资者互动平台提问：一季度业绩原地踏步，去年跟今年一季度来源于人形 机器人的收入占总收入比例有多少？去年来源于人形机器人的收入能有1000万元吗？ ...

在公募行业中，百亿公募基金经理因其资金体量、业绩影响力和公众关注度，成为资本市场中极具风向标意义的核心人物。 2025年以来，在今年A股的结构性上涨行情中，主动权益基金再度崛起，跑出较强的绝对收益。根据公募排排网整理的数据显示，和2024年末相比，在截至 2025年二季度末的84位百亿级主动权益基金经理中，共有15位基金经理今年管理规模突破百亿（包括新进或重回）。 在这15位百亿主动权益基金经理中，中欧基金、汇添富基金、永赢基金均不止一名基金经理上榜。汇添富基金张韡、鹏华基金闫思倩、中欧基金蓝小康管理 规模位列前3。任职年限方面，这15位基金经理任职至少约4年，其中4位任职超10年。从他们的前十大重仓股来看，胜宏科技、腾讯控股、宁德时代等股被 至少3位基金经理重仓。 | 排序 | 基金经 | 所属 | 担任意 金经理 | 在管基 | 2025年二季 | 2024年年 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 理名称 | 基金公司 | 年限 | 金数 | (亿元) | 末管理规模 末管理规模 (亿元) | N | | | | | | | ...

Market Overview - A-share market showed a fluctuating and differentiated trend, with major indices mostly declining while the Sci-Tech 50 Index rose against the trend, indicating resilience in the technology growth sector [1][2] - The Hong Kong stock market continued its upward trend, with the Hang Seng Technology Index slightly rising, driven by active performances in sectors like brain-computer interfaces and biotechnology [1][2] Index Performance - A-share indices experienced notable fluctuations, with the Shanghai Composite Index closing at 3856.45 points, down 0.1%, and the Shenzhen Component Index down 0.26% at 12971.8 points; the ChiNext Index fell 0.32% to 3056.3 points, influenced by the new energy industry chain [2] - The Sci-Tech 50 Index surged 1.52% to 1360.78 points, driven by hard technology sectors such as AI chips and computing infrastructure [2] - In the Hong Kong market, the Hang Seng Index rose 0.07% to 26465.87 points, while the Hang Seng Technology Index increased by 0.39% to 6067.05 points, marking three consecutive days of gains [2] Sector Highlights and Driving Logic - The A-share market exhibited a structural characteristic of "technology leading and consumption recovering," with policy-sensitive sectors and industrial transformation aligning [3] - The retail sector led gains, with the Wande Retail Index rising 1.36%, boosted by positive developments in U.S.-China trade talks regarding TikTok [3] - The electronics and computer sectors saw significant gains, with the GPU concept maintaining strength and the logic of domestic substitution for AI chips being reinforced [3] - In the Hong Kong market, technology growth and medical innovation drove performance, with brain-computer interface concepts experiencing a surge following product certifications [3] Underperforming Sectors and Driving Logic - A-share resource cyclical stocks and previously popular sectors collectively retreated, negatively impacting market sentiment; the non-ferrous metals sector fell 2.28% [4] - The lithium battery industry chain weakened for two consecutive days due to intensified competition and rising raw material costs [4] - In the Hong Kong market, cyclical and consumer sectors showed mixed performance, with the materials index dropping 2.96% due to industrial metal price corrections [4] Investment Strategy Recommendations - The current market is at a convergence of an "event vacuum period" and a "policy observation period," with cautious sentiment prevailing ahead of the Federal Reserve's meeting [5] - For A-shares, a focus on "technology independence and consumption recovery" is recommended, particularly in AI computing infrastructure and semiconductor equipment [6] - In the Hong Kong market, structural opportunities in "technology growth and medical innovation" should be seized, with attention on AI applications and core technology barriers [6]

Core Viewpoint - Eagle Precision is recognized as a top 10 global manufacturer of high-precision, complex, and high-performance castings and machined components, with a strong focus on overseas markets and a commitment to shareholder returns through dividends [1][2]. Group 1: Company Overview - Established in 1998 in Wuxi, China, Eagle Precision moved its headquarters to Hong Kong in 2011, providing a comprehensive range of services including R&D, mold design and manufacturing, casting, heat treatment, secondary machining, and surface treatment [2]. - The company is positioned among the top 10 global manufacturers in its sector, emphasizing its capabilities in high-precision and complex components [2]. Group 2: Global Capacity and Production - As of the end of 2024, the company operates 21 factories across China, Turkey, Germany, Czech Republic, and Mexico, with the Mexican facility gradually ramping up production to support North American orders [3]. - The proximity of the Mexican factory allows the company to benefit from USMCA tariff advantages for exports to the US and Canada, contributing to long-term performance growth [3]. Group 3: Revenue and Market Presence - The company has a high proportion of overseas revenue, with 47.3% of its income coming from the Americas (40.8% from the US), 29.9% from Europe, and 22.8% from Asia (20.7% from China) as of the first half of 2025 [4]. - Eagle Precision serves over 1,000 clients globally, including major corporations like Bosch, Caterpillar, Cummins, Honeywell, and Parker Hannifin, indicating strong market penetration and customer loyalty [4]. Group 4: Industry Demand and Growth Potential - The company's products cater to various industries, including high-horsepower engines, construction machinery, agricultural machinery, recreational boats, passenger vehicles, commercial vehicles, aerospace, energy, and medical sectors, with a notable demand increase in high-horsepower engines and robotics [5]. - In the first half of 2025, revenue from high-horsepower engine-related business grew by 48.3% year-on-year to 530 million yuan, accounting for 21.8% of total revenue [5]. - The company is also entering the supply chain for Da Vinci surgical robots and is in discussions with overseas humanoid robot companies, enhancing its long-term growth prospects [5].

Core Viewpoint - Eagle Precision is recognized as a top 10 global manufacturer of high-precision, high-complexity, and high-performance castings and machined components, with a strong focus on overseas markets and a commitment to shareholder returns through dividends [1][2]. Group 1: Company Overview - Established in 1998 in Wuxi, China, Eagle Precision moved its headquarters to Hong Kong in 2011, providing a comprehensive range of services including R&D, mold design and manufacturing, casting, heat treatment, secondary machining, and surface treatment [2]. - The company has a global production capacity with 21 factories located in China, Turkey, Germany, Czech Republic, and Mexico, with the Mexican facility gradually ramping up production to support North American orders [3]. Group 2: Financial Performance and Projections - Eagle Precision's projected net profits for the years 2025 to 2027 are estimated at HKD 721 million, HKD 828 million, and HKD 931 million, reflecting year-on-year growth rates of 11.9%, 14.9%, and 12.4% respectively, with corresponding price-to-earnings ratios of 9.8x, 8.5x, and 7.6x [1]. Group 3: Market Position and Customer Base - The company has a high overseas revenue share, with 47.3% of its income coming from the Americas (40.8% from the U.S.), 29.9% from Europe, and 22.8% from Asia (20.7% from China) as of the first half of 2025 [4]. - Eagle Precision serves over 1,000 customers across more than 30 countries, including major corporations like Bosch, Caterpillar, Cummins, Honeywell, and Parker Hannifin, benefiting from strong pricing power due to the low cost share of its components in end products [4]. Group 4: Industry Demand and Growth Potential - The company's products cater to various industries, including high-horsepower engines, construction machinery, agricultural machinery, recreational boats, passenger vehicles, commercial vehicles, aerospace, energy, and medical sectors, with significant growth in high-margin segments like high-horsepower engines and robotics [5]. - In the first half of 2025, revenue from high-horsepower engine-related business increased by 48.3% year-on-year to HKD 530 million, accounting for 21.8% of total revenue, indicating strong demand in this segment [5].