来源：中国新闻网 编辑：张澍楠 广告等商务合作，请点击这里 邢自强说，其一，政策适时调整，让市场信心更足。中国通过扩大财政赤字、加大消费支持力度、发放 补贴等刺激国内需求。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 其二，中国产业竞争力、科技创新能力上了一个台阶。以DeepSeek(深度求索)为代表的人工智能、正在 崛起的人形机器人、走向全球市场的智能驾驶汽车，以及下一代电池和生物制药等，邢自强说，这些都 是投资者能够在中国找到的投资亮点。 在邢自强看来，投资者对美国的移民政策、关税政策、美联储独立性等因素的担忧加深，这会促使他们 在全球更多元化地配置资产，对中国资产的需求有所提升。摩根士丹利判断，2026年，外资对中国股票 资产会逐渐表现出总体稳健加仓的趋势。(完) 摩根士丹利：外资对中国资产兴趣提升 本文为转载内容，授权事宜请联系原著作权人 中新网北京12月3日电 (陶思阅)摩根士丹利中国首席经济学家邢自强日前接受中新网采访时表示，中国 经济有两大亮点吸引外资关注。 ...

Core Insights - The company, Shanghai Kaizhong Materials Technology Co., Ltd. (referred to as "Kaizhong"), reported a revenue of 215 million yuan for Q3 2025, marking a year-on-year increase of 13.73% [1] - The net profit attributable to shareholders for Q3 2025 was approximately 20.5 million yuan, reflecting a year-on-year growth of 21.50% [1] - For the first three quarters of 2025, Kaizhong achieved a total revenue of 564 million yuan, which is a 5.43% increase compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was around 58.3 million yuan, with a non-recurring net profit of approximately 46.2 million yuan [1] - The net cash flow from operating activities reached 112 million yuan, showing a significant year-on-year increase of 97.73% [1] - As of September 30, 2025, the number of ordinary shareholders of Kaizhong was 20,600, a decrease of 15,700 shareholders or 43.14% since June 30, 2025 [1] Company Overview - Kaizhong operates in the automotive parts manufacturing industry, focusing on the design, research and development, production, and sales of chassis suspension system damping components and lightweight pedal assemblies for traditional, new energy, and intelligent driving vehicles [1] - The company also engages in the research, production, and sales of high-performance polyurethane load-bearing wheels and other specialty polyurethane elastomers outside the automotive sector [1]

Core Viewpoint - The company held its 2025 semi-annual online performance briefing on September 5, 2025, to communicate its operational performance and address investor inquiries [1][2]. Performance Briefing Details - The performance briefing was attended by key executives including the Chairman and President, the Financial Director, and independent directors, facilitating extensive communication with investors regarding the company's performance [2]. Key Issues Discussed - The company has established a comprehensive product platform in the humanoid robot sector, supplying over 100 leading enterprises domestically and internationally, showcasing advantages such as a complete product range and strong delivery capabilities [3] - The slowdown in overseas revenue growth is attributed to new tariff policies implemented in the U.S. in April 2025, which affected order fulfillment from key clients [3] - In the smart driving vehicle sector, the company is experiencing growth above the average market rate, with key applications in mass production and a clear upward demand trajectory [3][4] - New generation motion control products have entered the harvest phase, with significant advancements in product development and a stable R&D expense ratio of approximately 9.5% over the past three years [4] - The Vietnam factory has a designed capacity of 4 million stepper motors, with an expected output of approximately 350,000 units for 2025, indicating a rapid increase in revenue and a significant reduction in losses [4] - The decline in net profit for the first half of 2025 is primarily due to the relocation of the Shanghai base and the ramp-up of the new factory in Vietnam, which has affected production efficiency [4] - The company has received bulk orders from some of the over 100 enterprises to which it has sent samples in the humanoid robot industry [4] - Combined revenue from the semiconductor and robotics sectors exceeds 200 million, with specific products identified in each category [4] - The company is actively managing foreign exchange risks due to fluctuations in the RMB/USD exchange rate, utilizing hedging tools to mitigate financial impacts [4]