中金发布研报称，首次覆盖重塑能源(02570)给予跑赢行业评级，目标价84.63港元，基于P/S估值法，对 应估值倍数7x2026P/S，预计公司25-26年EPS分别为-6.0元/-4.7元。该行预计公司25-26年营收6.7/9.8亿 元，给予26年7x P/S，对应84.63港币，当前股价对应5.9x26年P/S。有17.5%的上行空间。该行认为公司 作为燃料电池龙头，拓展重卡、离网超充桩等市场化应用，远期具备较大发展潜力。后续潜在催化剂包 括：国家出台氢能支持政策，燃料电池行业销量放量。 中金主要观点如下： 燃料电池快速降本，远期空间可观 布局电解槽与离网超充桩，海外业务加速发展，打开远期成长空间 2023年公司推出PEM电解槽、膜电极等系列产品，具备较强的技术协同性。2024年公司推出离网超充 桩产品，可应用于高速、旅游景区等场景，减小电力扩容压力。2024年公司非车用燃料电池系统销售额 超5400万元，同比+133%。同时，公司加快布局海外业务拓展，2024年海外燃料电池系统营收占比达 9%，未来有望迎来加速发展。 风险提示：政策支持力度不及预期，行业技术进步不及预期，持续亏损，价格竞争激烈，海外 ...

智通财经APP获悉，中金发布研报称，首次覆盖重塑能源(02570)给予跑赢行业评级，目标价84.63港 元，基于P/S估值法，对应估值倍数7x 2026 P/S，预计公司25-26年EPS分别为-6.0元/-4.7元。该行预计公 司25-26年营收6.7/9.8亿元，给予26年7x P/S，对应84.63港币，当前股价对应5.9x 26年P/S。有17.5%的上 行空间。该行认为公司作为燃料电池龙头，拓展重卡、离网超充桩等市场化应用，远期具备较大发展潜 力。后续潜在催化剂包括：国家出台氢能支持政策，燃料电池行业销量放量。 中金主要观点如下： 重塑能源为中国燃料电池龙头企业，该行认为公司具备以下几点优势 1)公司行业份额领先(24年市占率18%)，研发费用远超同行，技术领跑行业;2)电堆/膜电极/双极板自研自 产，持续推动核心零部件国产化;3)深耕重卡赛道(23年行业份额达42%)，持续拓展低价氢等市场化场 景;4)基于电解槽、燃料电池等产品布局，提供端到端氢能整体解决方案。 布局电解槽与离网超充桩，海外业务加速发展，打开远期成长空间 2023年公司推出PEM电解槽、膜电极等系列产品，具备较强的技术协同性。20 ...

隆盛科技拟投资3.5亿元建设具身智能机器人创新中心。 12月12日晚间，隆盛科技（300680）公告，为进一步强化产业链协同效能，整合行业优质资源，持续深 化公司在机器人领域的战略布局，公司与无锡市滨湖区人民政府签署《新型工业用地投资发展监管协 议》，根据协议规划，公司及控股子公司隆盛唯睿将在无锡滨湖区投资建设江苏隆盛唯睿具身智能机器 人创新中心项目，重点聚焦具身机器人工业场景应用的研发与产业化，该项目总投资额约3.5亿元人民 币。 根据公司公告，项目将构建"一体两翼"竞争优势，以工业场景人形机器人特色整机本体为核心载体，同 步夯实人形机器人"智能大脑"及一体化关节模组、灵巧手等关键部件两大技术支撑，助力公司在机器人 赛道构筑差异化竞争壁垒。 隆盛科技持续在机器人领域布局，公司在投资者问答平台上表示，公司已在机器人与航天领域推进布 局，机器人板块收购蔚瀚智能、叠动科技，强化谐波减速器及视触觉业务的布局与技术储备。公司自研 的整机"兰森"机器人已迭代至二代，公司现已构建"灵巧手+制造业场景大模型+电子皮肤"核心技术矩 阵。 今年以来，公司业绩显著增长，前三季度实现营业收入18.1亿元，同比增长10.13%，实现 ...

【今日速览】 ①数字孪生+元宇宙+智慧社区+军工信息化！公司已在公安、气象、交通、健康与社区服务等垂直领 域，研发与具体业务场景深度结合的专用智能体；②人形机器人+eVTOL+大飞机+通用航空+商业航 天！公司获得人形机器人加工件定点采购协议；③燃料电池+氢能+航空航天+可控核聚变+量子计 算！公司为"华龙一号"核电站提供成套混凝土冷却系统。 【臻选回顾】 公告臻选12月1日提示《恒逸石化：控股股东及其一致行动人拟15亿元-25亿元增持公司股份》， 恒逸石化12月2日高开高走封死涨停直至收盘，12月3日再度上涨3%；公告臻选12月2日提示《稀 土永磁+钨钼+锂电+核聚变！公司光伏用细钨丝市场份额超80%》，厦门钨业12月3日逆市飘红， 12月5日、8日分别上涨1.77%、3.86%；公告臻选12月2日提示《主控芯片+高端封测+存储器 +AI，公司拟定增37亿元用于面向AI领域的高端存储器等项目》，江波龙12月8日大涨14.64%；12 月3日提示《多肽药+创新药+原料药+减肥药！公司产品通过药监局化妆品新原料备案》，圣诺生物 12月4日低开高走收涨3.55%；12月4日提示《显示驱动芯片+CMOS图像传感器+ ...

Core Viewpoint - Dao's Technology has experienced fluctuations in stock price and trading volume, with a notable increase in net profit despite a slight decline in revenue [1][2]. Group 1: Stock Performance - On December 2, Dao's Technology's stock price fell by 2.02% to 21.37 CNY per share, with a trading volume of 1.81 billion CNY and a turnover rate of 1.22%, resulting in a total market capitalization of 167.17 billion CNY [1]. - Year-to-date, the stock price has increased by 59.09%, with a slight rise of 0.23% over the last five trading days, but a decline of 7.41% over the last 20 days and 5.53% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Dao's Technology reported a revenue of 6.001 billion CNY, a year-on-year decrease of 1.79%, while the net profit attributable to shareholders was 415 million CNY, reflecting a significant year-on-year increase of 182.45% [2]. - The company has distributed a total of 678 million CNY in dividends since its A-share listing, with 385 million CNY distributed over the past three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 13.97% to 84,500, while the average number of circulating shares per person decreased by 12.26% to 8,137 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 10.1768 million shares, an increase of 3.0757 million shares from the previous period, while Southern CSI 1000 ETF has reduced its holdings by 66,400 shares [3].

Group 1 - The core viewpoint of the news is that HuanYuan Gas has shown significant stock performance, with an 82.70% increase year-to-date and a recent price of 33.89 CNY per share, reflecting a market capitalization of 7.176 billion CNY [1] - The company has experienced a net outflow of main funds amounting to 17.65 million CNY, with large orders showing a buy of 27.83 million CNY and a sell of 41.28 million CNY [1] - HuanYuan Gas has been listed on the "Dragon and Tiger List" twice this year, with the most recent instance on November 14, where it recorded a net buy of -47.94 million CNY [1] Group 2 - HuanYuan Gas, established on November 20, 2003, and listed on January 13, 2020, specializes in the research, production, sales, and service of various gas products, as well as industrial waste gas recovery [2] - The company's revenue composition includes bulk gases (49.40%), industrial chemicals (30.51%), clean energy (12.30%), and other projects (3.79%) [2] - As of November 20, the number of shareholders for HuanYuan Gas increased by 16.24% to 10,800, while the average circulating shares per person decreased by 13.97% [2] Group 3 - HuanYuan Gas has distributed a total of 1.06 billion CNY in dividends since its A-share listing, with 58.25 million CNY distributed over the past three years [3] - As of September 30, 2025, the eighth largest circulating shareholder is Huaxia Industry Prosperity Mixed Fund, holding 4.8037 million shares, unchanged from the previous period [3]

Core Viewpoint - The stock of Haoshi Electromechanical has shown significant growth this year, with a year-to-date increase of 58.27%, despite some fluctuations in the recent trading days [1][2]. Company Overview - Haoshi Electromechanical, established on December 14, 2006, and listed on March 9, 2016, is located in Huangpu District, Guangzhou, Guangdong Province. The company specializes in the research, design, production, manufacturing, sales, and maintenance services of high-end CNC machine tools and robotic core components [1]. Financial Performance - For the period from January to September 2025, Haoshi Electromechanical achieved a revenue of 1.143 billion yuan, representing a year-on-year growth of 18.10%. The net profit attributable to the parent company was 122 million yuan, marking a significant increase of 50.40% [2]. Stock Performance - As of December 1, the stock price of Haoshi Electromechanical was 29.86 yuan per share, with a market capitalization of 9.204 billion yuan. The stock has experienced a trading volume of 1.59 billion yuan and a turnover rate of 2.25% [1]. - The stock has seen a net outflow of 13.13 million yuan from major funds, with large orders showing a buy of 32.64 million yuan and a sell of 38.48 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Haoshi Electromechanical was 41,100, a decrease of 4.30% from the previous period. The average circulating shares per person increased by 5.32% to 5,859 shares [2][3]. - The top circulating shareholder, E Fund National Robot Industry ETF, holds 6.4035 million shares, an increase of 5.3728 million shares compared to the previous period [3].

Core Viewpoint - China National Heavy Duty Truck Group Co., Ltd. (China National Heavy Duty Truck) has shown a mixed performance in its stock price and financial metrics, with a recent increase in stock price but a decline over the past two months, indicating potential volatility in the market [2]. Financial Performance - As of September 30, 2025, China National Heavy Duty Truck reported a revenue of 40.49 billion yuan, representing a year-on-year growth of 20.55%, and a net profit attributable to shareholders of 1.05 billion yuan, up 12.45% year-on-year [2]. - The company has distributed a total of 4.646 billion yuan in dividends since its A-share listing, with 1.818 billion yuan distributed over the past three years [3]. Stock Market Activity - On November 28, 2025, the stock price of China National Heavy Duty Truck increased by 2.02%, reaching 16.67 yuan per share, with a trading volume of 120 million yuan and a turnover rate of 0.62%, resulting in a total market capitalization of 19.585 billion yuan [1]. - The stock has experienced a 2.50% increase year-to-date, a 0.66% increase over the last five trading days, a 6.49% decrease over the last 20 days, and an 8.04% decrease over the last 60 days [2]. Shareholder Structure - As of September 30, 2025, the number of shareholders for China National Heavy Duty Truck increased by 21.18% to 43,200, with an average of 27,192 circulating shares per shareholder, down 17.48% from the previous period [2]. - The top shareholders include various funds, with notable changes in holdings, such as an increase of 3.991 million shares by China Europe Dividend Advantage Flexible Allocation Mixed A [3].

Group 1 - Dongfeng Motor Group Co., Ltd. has applied for a patent titled "A Fuel Cell Air Supply Control System and Its Method," with publication number CN121035252A, and the application date is August 2025 [1] - The patent involves a fuel cell air supply control system that includes components such as a fuel cell stack assembly, air supply pipeline, exhaust direct discharge pipeline, exhaust recirculation pipeline, and a controller [1] - The system aims to achieve "oxygen starvation" under the same air supply flow conditions, indicating a focus on enhancing fuel cell efficiency [1] Group 2 - Dongfeng Motor Group Co., Ltd. was established in 2001 and is located in Wuhan, primarily engaged in the automotive manufacturing industry [2] - The company has a registered capital of 858,937,000 RMB and has made investments in 45 enterprises, participated in 5,000 bidding projects, and holds 5,000 patent records [2] - Additionally, the company possesses 156 administrative licenses, showcasing its extensive operational scope and regulatory compliance [2]

Core Viewpoint - Anjie Technology's stock has experienced a decline of 15.08% year-to-date, with recent trading showing a slight recovery, indicating potential investor interest despite overall negative performance [1][2]. Company Overview - Anjie Technology, established on December 16, 1999, and listed on November 25, 2011, is located in Suzhou, Jiangsu Province. The company specializes in the research, production, and sales of precision functional components, precision structural parts, and module products for smart terminals [1]. - The company's main revenue sources include smart terminal functional components and precision structural parts (55.99%), new energy vehicle products (32.89%), information storage products (9.51%), and others (1.61%) [1]. Financial Performance - For the period from January to September 2025, Anjie Technology reported a revenue of 3.483 billion yuan, a year-on-year decrease of 3.06%. The net profit attributable to shareholders was 101 million yuan, reflecting a significant decline of 54.62% year-on-year [2]. - Since its A-share listing, Anjie Technology has distributed a total of 1.281 billion yuan in dividends, with 465 million yuan distributed over the past three years [2]. Shareholder Structure - As of November 10, 2025, Anjie Technology had 52,600 shareholders, an increase of 0.19% from the previous period. The average number of tradable shares per shareholder was 7,516, a decrease of 0.19% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.8664 million shares (an increase of 1.5096 million shares), and Southern CSI 1000 ETF, which holds 3.0159 million shares (a decrease of 43,200 shares) [2].