来源：新浪证券-红岸工作室 1月8日，森赫股份跌1.28%，成交额1.62亿元，换手率5.98%，总市值41.11亿元。 异动分析 新型城镇化+中俄贸易概念+一带一路+物联网+人脸识别 5、据招股说明书：公司在新旧产业融合过程中，研发生物特征识别（语音识别、人脸识别、指纹识 别）、基于物联网实现远程呼梯、二维码识别等新技术应用的电梯产品。 (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-1246.81万，占比0.08%，行业排名159/197，该股当前无连续增减仓现象，主力趋势不 明显；所属行业主力净流入5.53亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-1246.81万-989.08万-2483.76万85.25万768.62万 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额7140.53万，占总成交额的9.35%。 1、2023年3月15日互动易回复：公司GRPS乘客电梯、GRE自动扶梯、GRM自动人行道系列产品结合 SICE物联网云服务平台，为新型城镇化建设提供产品及服务。 2、公司海外客户 ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly in the context of new energy vehicles and global trade initiatives [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and listed on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes automotive thermal management system products (79.38%), automotive engine system products (18.86%), and others (1.76%) [7]. Market Position and Financial Performance - As of September 30, 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%, and a net profit attributable to shareholders of 135 million yuan, with a slight increase of 0.28% [8]. - The company has a total market capitalization of 5.08 billion yuan, with a trading volume of 31.55 million yuan and a turnover rate of 0.96% on January 7 [1]. Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan to enhance its international strategy and operational capabilities [2]. - The company has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC, which require strict supplier certification processes [2]. Product Development - The company's R&D department has over 30 years of experience and has quickly developed air conditioning pipe products that meet the quality standards for new energy vehicles, gaining recognition from clients [3]. - The automotive air conditioning pipe products are widely used in various traditional fuel models and have become a major supplier for first-tier new energy vehicle manufacturers [3].

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focused on the development, production, and sales of automotive air conditioning pipes and fuel distribution pipes, with a significant emphasis on expanding its international market presence and enhancing its core competitiveness through strategic investments [2][3][7]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and listed on November 1, 2023. The company is located in the Pudong New District of Shanghai and primarily engages in the automotive parts sector, specifically in automotive thermal management systems and engine systems [7]. - The company's revenue composition includes 79.38% from automotive thermal management products, 18.86% from engine system products, and 1.76% from other sources [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%. The net profit attributable to the parent company was 135 million yuan, with a slight increase of 0.28% year-on-year [8]. - Since its A-share listing, the company has distributed a total of 202 million yuan in dividends [9]. Market Position and Clientele - The company is a state-owned enterprise controlled by the People's Government of Beicai Town, Pudong New District, Shanghai. It has established long-term stable relationships with major global engine manufacturers, including BorgWarner and NPP ITELMA LLC [2][3]. - The company's air conditioning pipe products are widely used in various traditional fuel vehicles and have become a key supplier for several major automotive brands, including Volkswagen AG and SAIC Motor [3]. Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan to enhance its international market strategy and operational capabilities [2]. - The research and development department has leveraged over 30 years of expertise to quickly adapt to market changes, successfully launching air conditioning pipe products that meet the quality standards for new energy vehicles [3].

来源：新浪证券-红岸工作室 12月30日，森赫股份涨7.42%，成交额2.85亿元，换手率9.80%，总市值44.82亿元。 异动分析 新型城镇化+中俄贸易概念+一带一路+物联网+人脸识别 1、2023年3月15日互动易回复：公司GRPS乘客电梯、GRE自动扶梯、GRM自动人行道系列产品结合 SICE物联网云服务平台，为新型城镇化建设提供产品及服务。 2、公司海外客户主要集中于孟加拉国、俄罗斯（远东地区）、科威特、乌兹别克斯坦、墨西哥等国 家，其中孟加拉国、俄罗斯和科威特为公司最主要的国外销售地区。 3、公司持股49%的Turkmenistan Sicher在土库曼斯坦从事电梯制造及销售；公司积极响应国家"一带一 路"倡议，产品销往孟加拉国、科威特、墨西哥等国家和地区。 4、2021年9月15日互动易回复：公司通过电梯物联网平台，对电梯的运行信号、状态、故障数据进行监 测和采集，运用大数据、云计算技术，实现电梯远程监控、维保管理、使用管理、安全预警、应急处置 等功能。 5、据招股说明书：公司在新旧产业融合过程中，研发生物特征识别（语音识别、人脸识别、指纹识 别）、基于物联网实现远程呼梯、二维码识别等新技术应用 ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly in the context of new energy vehicles and global trade initiatives [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and went public on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes 79.38% from automotive thermal management system products, 18.86% from automotive engine system products, and 1.76% from other sources [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%. The net profit attributable to the parent company was 135 million yuan, with a slight increase of 0.28% year-on-year [8]. - The company has distributed a total of 202 million yuan in dividends since its A-share listing [9]. Market Position and Strategy - The company is a state-owned enterprise controlled by the People's Government of Beicai Town, Pudong New District, Shanghai. It has established long-term stable relationships with major global engine manufacturers, which require strict supplier certification processes [2]. - To enhance its international strategy, the company plans to invest up to 100 million yuan in establishing a wholly-owned subsidiary in Morocco, focusing on setting up operations and acquiring necessary facilities [2]. Product Development - The company's R&D department has over 30 years of experience and has quickly adapted to market changes by launching air conditioning pipe products that meet the quality standards for new energy vehicles, gaining recognition from clients [3]. - The automotive air conditioning pipe products are widely used in various traditional fuel models and have become a major supplier for first-tier new energy vehicle manufacturers [3]. Stock Performance - As of December 25, the stock price of Shanghai Automotive Air Conditioning Parts Co., Ltd. increased by 0.67%, with a trading volume of 29.2047 million yuan and a market capitalization of 5.097 billion yuan [1]. - The stock has seen a net inflow of 961,800 yuan from major investors, indicating a lack of clear trends in major holdings [4][5].

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly in the context of new energy vehicles and global trade initiatives [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and went public on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes automotive thermal management system products (79.38%), automotive engine system products (18.86%), and others (1.76%) [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%. The net profit attributable to the parent company was 135 million yuan, with a slight increase of 0.28% year-on-year [8]. - The company has distributed a total of 202 million yuan in dividends since its A-share listing [9]. Market Activity - On December 24, the stock price of Shanghai Automotive increased by 0.60%, with a trading volume of 28.1698 million yuan and a turnover rate of 0.86%. The total market capitalization reached 5.063 billion yuan [1]. - The company has seen a net outflow of 242,200 yuan from major investors today, with a ranking of 130 out of 259 in the industry [4][5]. Strategic Initiatives - The company plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan to enhance its international strategy and operational capabilities [2]. - The company has developed air conditioning pipe products that meet the quality standards for new energy vehicles, leveraging over 30 years of expertise in the thermal management system components [3]. Client Relationships - The company maintains long-term stable relationships with globally recognized engine manufacturers, including BorgWarner and NPP ITELMA LLC, which have stringent supplier certification processes [2]. - Its automotive air conditioning pipe products are widely used by major clients such as Volkswagen AG, SAIC General Motors, and others, establishing the company as a key supplier for new energy vehicle air conditioning systems [3].

"中俄贸易不是权宜之计，而是战略必然！而俄罗斯电商就是中俄贸易的"压舱石"与"加速器"。"这是胡锡进老师 首次在俄罗斯电商活动中发言，胡老师的动情发言，道出了中俄贸易的深厚渊源。"Yandex Market不止是平台， 而是帮助中国卖家快速搭建俄罗斯生态与用户信任的基石！中国制造跨境出口的未来不是卷，从"拼价格"到"拼实 力"的华丽转身。每一个包裹，都是咱们中国的"移动广告牌"！"胡锡进老师同时给予了Yandex Market高度的评 价，给予跨境卖家殷切的期盼。 "Привет"，随着知名媒体人胡锡进的俄语开场，一场俄罗斯电商里程碑式的峰会正式在深圳会展中心拉开帷幕。 这场由俄罗斯领先的电商平台Yandex Market主办的官方品牌峰会，吸引了6000多名跨境电商卖家参与。此次峰会 不仅象征Yandex Market对中国市场的加码布局，更是俄罗斯官方对中国公民免签背景下，中国商品全面进入俄罗 斯市场的重大拐点。 "俄罗斯电商过去5年增长了500%+，已经跃升欧洲前二。"Yandex Market 中国区CEO王玉龙现场展示了Yandex Market的年度成绩单：Yandex Market前三季度GMV ...

来源：新浪证券-红岸工作室 4、根据公司招股说明书：公司中温冷藏、低温冷冻（带喷气增焓）、低温冷冻（带喷液）产品应用于 冷藏车、冷链物流车辆。 5、公司招股书：公司以涡旋压缩机的国产化为己任，专注于提供节能高效、可靠性高、噪音低的涡旋 式压缩机及其应用技术的研制开发、生产销售及售前售后服务。 2022年，受地缘政治等因素影响，俄 罗斯地区的订单增加较多，同时，公司加大印度市场开拓力度，使得公司向俄罗斯、印度出口收入明显 增加。 2022年前五大出口国家为俄罗斯、巴西、印度、斯洛伐克和美国，合计销售金额占外销收入比 为 80.16%。 (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34.16万，占比0.01%，行业排名77/245，该股当前无连续增减仓现象，主力趋势不明 显；所属行业主力净流入-1.91亿，连续3日被主力资金减仓。 12月17日，英华特涨1.75%，成交额2966.52万元，换手率2.47%，总市值22.77亿元。 异动分析 空气能热泵+专精特新+汽车热管理+冷链物流+中俄贸易概念 1、根据招股说明书：公司主要从事涡旋压缩机的研发、生产 ...

来源：新浪证券-红岸工作室 12月17日，森赫股份涨0.00%，成交额1700.44万元，换手率0.91%，总市值28.36亿元。 异动分析 新型城镇化+中俄贸易概念+人脸识别+一带一路+物联网 1、2023年3月15日互动易回复：公司GRPS乘客电梯、GRE自动扶梯、GRM自动人行道系列产品结合 SICE物联网云服务平台，为新型城镇化建设提供产品及服务。 2、公司海外客户主要集中于孟加拉国、俄罗斯（远东地区）、科威特、乌兹别克斯坦、墨西哥等国 家，其中孟加拉国、俄罗斯和科威特为公司最主要的国外销售地区。 3、据招股说明书：公司在新旧产业融合过程中，研发生物特征识别（语音识别、人脸识别、指纹识 别）、基于物联网实现远程呼梯、二维码识别等新技术应用的电梯产品。 4、公司持股49%的Turkmenistan Sicher在土库曼斯坦从事电梯制造及销售；公司积极响应国家"一带一 路"倡议，产品销往孟加拉国、科威特、墨西哥等国家和地区。 5、2021年9月15日互动易回复：公司通过电梯物联网平台，对电梯的运行信号、状态、故障数据进行监 测和采集，运用大数据、云计算技术，实现电梯远程监控、维保管理、使用管理、安全预警、 ...

Core Viewpoint - The company, Shanghai Automotive Air Conditioning Parts Co., Ltd., is focusing on expanding its international market presence and enhancing its core competitiveness through strategic investments and product development in the automotive parts sector, particularly in the context of new energy vehicles and global trade initiatives [2][3]. Company Overview - Shanghai Automotive Air Conditioning Parts Co., Ltd. was established on July 8, 1992, and went public on November 1, 2023. The company specializes in the research, development, production, and sales of automotive air conditioning pipes and fuel distribution pipes [7]. - The company's main business revenue composition includes automotive thermal management system products (79.38%), automotive engine system products (18.86%), and others (1.76%) [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.645 billion yuan, representing a year-on-year growth of 6.41%. The net profit attributable to the parent company was 135 million yuan, with a slight increase of 0.28% year-on-year [8]. - The company has distributed a total of 202 million yuan in dividends since its A-share listing [9]. Market Position and Clientele - The company is a state-owned enterprise controlled by the People's Government of Beicai Town, Pudong New District, Shanghai. Its main clients include globally recognized engine manufacturers such as BorgWarner and NPP ITELMA LLC, with whom it maintains long-term stable partnerships [2][3]. - The company's automotive air conditioning pipes are widely used in various traditional fuel models and have become a major supplier for first-tier new energy vehicle air conditioning pipes [3]. Strategic Initiatives - On November 30, 2024, the company announced plans to establish a wholly-owned subsidiary in Morocco with an investment of up to 100 million yuan. This initiative aims to enhance its international strategy and overall competitiveness [2]. - The company's R&D department has leveraged over 30 years of expertise to quickly respond to market changes, successfully launching air conditioning pipe products that meet new energy vehicle quality standards [3].