来源：新浪证券-红岸工作室 11月18日，斯菱股份涨0.32%，成交额2.53亿元，换手率2.02%，总市值203.85亿元。 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。 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、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) 资金分析 今日主力净流入926.70万，占比0.04%，行业排名13/257，连续2日被主力资金增仓；所属行业主力净流 入-29.84亿，连续3日被主力资金 ...

Core Viewpoint - Hangcha Group's stock has experienced fluctuations, with a notable decline of 2.00% on November 18, 2023, despite a year-to-date increase of 46.18% [1] Financial Performance - For the period from January to September 2025, Hangcha Group achieved a revenue of 13.972 billion yuan, representing a year-on-year growth of 9.73%, and a net profit attributable to shareholders of 1.753 billion yuan, up 11.43% year-on-year [2] Stock and Market Activity - As of November 18, 2023, Hangcha Group's stock price was 25.42 yuan per share, with a total market capitalization of 33.295 billion yuan. The stock has seen a trading volume of 1.23 billion yuan and a turnover rate of 0.37% [1] - The company experienced a net outflow of main funds amounting to 37.1775 million yuan, with significant selling pressure observed in large orders [1] Shareholder Information - As of September 30, 2025, the number of shareholders for Hangcha Group increased to 18,300, a rise of 5.78% from the previous period, while the average circulating shares per person decreased by 5.46% to 71,379 shares [2][3] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which reduced its holdings by 16.8952 million shares, and new shareholder Ruiyuan Growth Value Mixed A [3] Dividend Distribution - Hangcha Group has distributed a total of 2.964 billion yuan in dividends since its A-share listing, with 1.497 billion yuan distributed over the past three years [3] Business Overview - Hangcha Group, established in Hangzhou, Zhejiang Province, specializes in the research, production, and sales of industrial vehicles and key components, with forklifts and their parts accounting for 98.46% of its main business revenue [1] - The company operates within the machinery equipment sector, specifically in engineering machinery, and is involved in various concept sectors including 5G, robotics, new energy vehicles, and smart logistics [1]

Core Viewpoint - Jin Hongshun's stock price has experienced a decline of 16.56% year-to-date, with significant net outflows of capital and a decrease in revenue, while net profit has shown substantial growth [1][2]. Group 1: Stock Performance - On November 18, Jin Hongshun's stock fell by 2.07%, trading at 20.81 CNY per share, with a total market capitalization of 3.729 billion CNY [1]. - The stock has seen a trading volume of 47.19 million CNY, with a turnover rate of 1.25% [1]. - Year-to-date, the stock has dropped 16.56%, with a 4.32% decline over the last five trading days and a 1.47% decline over the last 20 days [1]. Group 2: Capital Flow - There was a net outflow of 4.92 million CNY from main funds, with large orders buying 10.36 million CNY (21.95%) and selling 14.16 million CNY (30.01%) [1]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 14, where it recorded a net buy of -6.02 million CNY [1]. Group 3: Financial Performance - For the period from January to September 2025, Jin Hongshun reported revenue of 471 million CNY, a year-on-year decrease of 26.34%, while net profit attributable to shareholders was 15.71 million CNY, a year-on-year increase of 200.89% [2]. - The company has distributed a total of 60.8 million CNY in dividends since its A-share listing, with 2.56 million CNY distributed in the last three years [3]. Group 4: Company Overview - Jin Hongshun, established on September 23, 2003, is located in Zhangjiagang Economic Development Zone, Jiangsu Province, and was listed on October 23, 2017 [1]. - The company's main business involves the development, production, and sales of automotive body and chassis stamping parts and related molds, with automotive parts accounting for 90.35% of its revenue [1].

Core Viewpoint - The stock of Dayang Electric experienced a decline of 2.05% on November 18, with a trading price of 10.52 yuan per share and a total market capitalization of 25.839 billion yuan, despite an overall increase of 86.49% year-to-date [1] Group 1: Company Overview - Dayang Electric, established on October 23, 2000, and listed on June 19, 2008, is located in Zhongshan, Guangdong Province. The company specializes in the production and sales of micro-special motors, electric drive systems for new energy vehicles, starters, generators, and magnetic materials [2] - The revenue composition of Dayang Electric includes: 60.99% from building and household motors, 26.56% from starters and generators, 11.62% from new energy vehicle powertrains, and 0.80% from other sources [2] - As of October 31, 2025, the number of shareholders of Dayang Electric was 212,300, an increase of 6.51% from the previous period, with an average of 8,618 circulating shares per person, a decrease of 6.12% [2] Group 2: Financial Performance - For the period from January to September 2025, Dayang Electric achieved an operating income of 9.18 billion yuan, representing a year-on-year growth of 3.81%, and a net profit attributable to shareholders of 845 million yuan, reflecting a year-on-year increase of 25.95% [2] - The company has distributed a total of 4.092 billion yuan in dividends since its A-share listing, with 1.394 billion yuan distributed in the last three years [3] Group 3: Stock Market Activity - On November 18, 2025, Dayang Electric's stock saw a net outflow of 34.55 million yuan in principal funds, with significant buying and selling activity recorded [1] - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on October 20, where it recorded a net purchase of 230 million yuan [1]

11月18日，卡倍亿盘中下跌2.00%，截至14:00，报47.95元/股，成交6289.23万元，换手率0.72%，总市 值90.23亿元。 分红方面，卡倍亿A股上市后累计派现1.50亿元。近三年，累计派现1.14亿元。 资金流向方面，主力资金净流出297.81万元，特大单买入543.21万元，占比8.64%，卖出0.00元，占比 0.00%；大单买入788.33万元，占比12.53%，卖出1629.35万元，占比25.91%。 机构持仓方面，截止2025年9月30日，卡倍亿十大流通股东中，香港中央结算有限公司位居第六大流通 股东，持股117.15万股，为新进股东。 卡倍亿今年以来股价涨50.81%，近5个交易日跌0.35%，近20日跌2.40%，近60日涨28.45%。 责任编辑：小浪快报 资料显示，宁波卡倍亿电气技术股份有限公司位于浙江省宁波市宁海县桥头胡街道汶溪周工业区，成立 日期2004年3月5日，上市日期2020年8月24日，公司主营业务涉及汽车线缆的研发、生产和销售。主营 业务收入构成为：普通线83.53%，新能源线10.46%，其他(补充)5.22%，数据线0.79%。 卡倍亿所属申万行业为： ...

Core Viewpoint - The stock of Ningbo Jifeng Automotive Parts Co., Ltd. has experienced fluctuations, with a recent decline of 2.04% and a year-to-date increase of 17.64% [1] Financial Performance - For the period from January to September 2025, the company reported a revenue of 16.131 billion yuan, a year-on-year decrease of 4.58%, while the net profit attributable to shareholders increased by 147.21% to 251 million yuan [2] - Cumulative cash dividends since the company's A-share listing amount to 999.8 million yuan, with no dividends distributed in the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 29.21% to 19,100, with an average of 66,273 circulating shares per shareholder, a decrease of 22.60% [2] - The top ten circulating shareholders include notable funds, with changes in holdings observed, such as a decrease in shares held by the fifth-largest shareholder and the entry of a new sixth-largest shareholder [3] Market Activity - The company's stock price is currently at 13.47 yuan per share, with a market capitalization of 17.137 billion yuan and a trading volume of 93.4055 million yuan [1] - The stock has seen a recent decline of 5.87% over the last five trading days, while it has increased by 6.99% over the last 20 days and 10.77% over the last 60 days [1]

Core Viewpoint - CIMC Vehicles' stock price has shown a year-to-date increase of 13.23%, despite a recent decline of 2.07% on November 18, with a current trading price of 9.93 CNY per share [1][2]. Financial Performance - For the period from January to September 2025, CIMC Vehicles reported a revenue of 15.012 billion CNY, representing a year-on-year decrease of 5.13%. The net profit attributable to shareholders was 622 million CNY, down 26.23% year-on-year [2]. - The company has distributed a total of 2.664 billion CNY in dividends since its A-share listing, with 1.655 billion CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for CIMC Vehicles was 29,800, a decrease of 16.07% from the previous period. The average number of circulating shares per shareholder increased by 19.17% to 48,786 shares [2]. - Among the top ten circulating shareholders, Dazheng Gaoxin Stock A (000628) is the sixth largest, holding 25.058 million shares, which is a reduction of 5.0289 million shares compared to the previous period [3]. Market Activity - On November 18, CIMC Vehicles experienced a trading volume of 25.3148 million CNY, with a turnover rate of 0.17%. The net inflow of main funds was 445,700 CNY, with large orders accounting for 10.10% of purchases and 8.34% of sales [1].

Core Viewpoint - Fute Technology's stock has experienced fluctuations, with a year-to-date increase of 51.77% but a recent decline in the last five and twenty trading days [1] Group 1: Stock Performance - As of November 18, Fute Technology's stock price is 41.10 CNY per share, with a market capitalization of 6.388 billion CNY [1] - The stock has seen a net outflow of 202.53 thousand CNY in principal funds, with significant selling activity [1] - Year-to-date, the stock has risen by 51.77%, but it has decreased by 4.37% in the last five trading days and 7.29% in the last twenty trading days [1] Group 2: Financial Performance - For the period from January to September 2025, Fute Technology achieved a revenue of 2.559 billion CNY, representing a year-on-year growth of 116.31% [2] - The net profit attributable to shareholders for the same period was 137 million CNY, showing a year-on-year increase of 65.94% [2] Group 3: Company Overview - Fute Technology, established on August 10, 2011, is located in Anji County, Huzhou, Zhejiang Province, and specializes in the R&D, production, and sales of high-voltage power supply systems for new energy vehicles [1] - The company's main business revenue composition includes 95.68% from new energy vehicle products, 2.45% from technical services, 1.69% from non-vehicle new energy products, and 0.18% from other sources [1] Group 4: Shareholder Information - As of November 10, the number of shareholders for Fute Technology is 10,400, a decrease of 23.83% from the previous period [2] - The average circulating shares per person increased by 31.28% to 10,450 shares [2] - After the A-share listing, Fute Technology has distributed a total of 199.83 thousand CNY in dividends [3]

Group 1: Economic Overview - The Hong Kong stock market showed weakness in November, with the Hang Seng Index falling by 1.85%, the Hang Seng China Enterprises Index down by 2.09%, and the Hang Seng Tech Index decreasing by 2.82% [2] - In October, China's industrial production maintained growth, with a year-on-year increase of 4.9% and a month-on-month increase of 0.17%. The equipment manufacturing and high-tech manufacturing sectors performed particularly well, growing by 8.0% and 7.2% respectively [3][4] - The retail sales of consumer goods increased by 2.9% year-on-year, while fixed asset investment decreased by 1.7%, primarily due to a decline in real estate investment [4] Group 2: Company Analysis - Shoujia Technology - Shoujia Technology, established in 1991 and listed in Hong Kong in 1992, is a leading producer of steel wire for tires in China, with plans to expand its production capacity to over 300,000 tons [6] - The company is entering the new market of robotic tendons, leveraging its existing production technology for steel wire. It has initiated a joint research and development project with Stardust Intelligent [6] - Financial forecasts indicate that Shoujia Technology's revenue will reach HKD 2.42 billion, HKD 2.58 billion, and HKD 2.79 billion from 2025 to 2027, with net profit expected to grow significantly [7] Group 3: Investment Recommendation - Shoujia Technology is recognized as a leading player in the steel wire industry with strong shareholder backing and unique capabilities in transitioning to robotic tendon production [7] - A comparison with A-share company Daye Co., which has a projected PE ratio of 45.3, shows Shoujia Technology's PE at 32.1, indicating potential undervaluation [7] - The estimated market value of Shoujia Technology is HKD 2.61 billion, suggesting a target share price of HKD 4.9, with a recommended buy rating [7]

Core Viewpoint - Jinlong Electromechanical has shown a positive stock performance with a year-to-date increase of 20.40%, indicating strong market interest and potential growth opportunities in the electronic components sector [1][2]. Group 1: Stock Performance - On November 17, Jinlong Electromechanical's stock rose by 2.07%, reaching 5.43 CNY per share, with a trading volume of 114 million CNY and a turnover rate of 2.63%, resulting in a total market capitalization of 4.361 billion CNY [1]. - The stock has experienced a 3.82% increase over the last five trading days, a 13.60% increase over the last 20 days, and a slight 0.37% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on May 8, where it recorded a net purchase of 68.7741 million CNY [1]. Group 2: Company Overview - Jinlong Electromechanical, established on November 11, 1993, and listed on December 25, 2009, is located in Dongguan, Guangdong Province, and specializes in the R&D, production, and sales of motors, silicone plastic structural components, and touch display products [2]. - The company's revenue composition includes structural components (48.45%), touch display modules (39.14%), motors (10.31%), electronic atomizers and related accessories (1.16%), and other (0.95%) [2]. - As of September 30, the number of shareholders was 41,600, a decrease of 9.11% from the previous period, with an average of 19,327 circulating shares per person, an increase of 10.03% [2]. Group 3: Financial Performance - For the period from January to September 2025, Jinlong Electromechanical achieved a revenue of 1.212 billion CNY, representing a year-on-year growth of 14.32%, while the net profit attributable to the parent company was 29.6625 million CNY, reflecting a significant year-on-year increase of 149.28% [2].