| |  特定对象调研  分析师会议 | | | --- | --- | --- | | | 媒体采访 业绩说明会   | | | 投资者关系活 动类别 |  新闻发布会  路演活动 | | | | 现场参观 电话会议   | | | |  其他 （请文字说明其他活动内容） | | | 参与单位名称 及人员姓名 | 民生加银基金：范**；point72：秦**；天弘基金：申**；百川财 | | | | 富：唐*；上海人寿：方**；鑫然投资：庄**；浙商证券：翁**； | | | | 中信证券：周**；博道基金：罗*；兴业基金：刘**；莲鑫科技： | | | | 徐**；丞毅投资：胡**；长江证券：胡**；中邮保险：孟**；华夏 | | | | 未来：褚*；长城财富：杨**；磐厚动量：胡**；创金合信基金： | | | | 郭**；上海白犀私募：田**。 | | | 会议时间 | 年 8 月 25 日 | 2025 | | 会议地点 | 公司会议室、线上电话会议 | | | 上市公司接待 人员姓名 | 董事会秘书：刘雨田女士；证券事务代表：王家琪女士 | | | | 交流的主要问题与回复： | ...

以下文章来源于投资界 ，作者刘博 投资界 . 清科创业旗下创业与投资资讯平台 创业父女档。 作者：刘博 来源：投资界 赴港上市络绎不绝。 投资界获悉，卧龙电驱近日正式向港交所递交招股书，计划在港股挂牌，实现"A+H"双重上 市。 而与众多二代的成长路径相似，陈嫣妮也是从海外学成归来，2007年进入集团工作，历练多 年后从父亲手中接班。 这里插播一条课程资讯： 报名 「吴世春·泸州出行活动」 ，9月21号-23号 ， 吴世春将亲自带队 100家企业家 ， 去四 川泸州线下游学 ， 探 访 下沉创新 ， 寻找增长新引擎。 你 在 创业路上遇到的问题和想法 ， 都可以找吴老师聊聊 。 如果你是 优质的项目，吴老师 也会果断投 你。 下半年 ， 吴老师预计要投出去的金额，应该不小于 15个亿。 （翻到底部了解详情） 扫码咨询报名 01 父女联手，缔造市值500亿 这是一个浙商白手起家的故事。 值得一提的是，卧龙电驱A股股价年内至今已翻倍，最新市值500.97亿元。 来自浙江绍兴的卧龙电驱，背后站着一对父女——陈建成、陈嫣妮。1984年，陈建成从一间 山村里的旧厂房起步，一路带领卧龙电驱成为国内电机龙头。 1959年出 ...

Core Viewpoint - Wolong Electric Drive has submitted its prospectus to the Hong Kong Stock Exchange for a dual listing, aiming to capitalize on its recent stock price surge and significant market presence [2][14]. Group 1: Company Background - Wolong Electric Drive, founded by Chen Jiancheng in 1984, has grown from a small factory in Shaoxing, Zhejiang, to a leading domestic electric motor manufacturer, achieving a market capitalization of approximately 50.1 billion RMB [3][6]. - The company underwent a transformation from a collective enterprise to a private company and successfully went public on the Shanghai Stock Exchange in 2002 [7]. - Chen Jiancheng's daughter, Chen Yanni, joined the company in 2007 after gaining experience in international finance, and she has since taken on significant leadership roles within the company [4][13]. Group 2: Financial Performance - Wolong Electric Drive's revenue for 2022, 2023, and 2024 is projected to be 14.27 billion RMB, 15.57 billion RMB, and 16.25 billion RMB, respectively, with corresponding profits of 839 million RMB, 553 million RMB, and 832 million RMB [17][20]. - The company has seen its stock price double in the current year, reflecting strong market confidence [14]. - The core business segments, including explosion-proof, industrial, and HVAC electric drive systems, account for nearly 90% of the company's revenue, although growth in these areas has shown signs of slowing down [18][19]. Group 3: Strategic Initiatives - Wolong Electric Drive is expanding into the robotics sector, with revenue from its robotics components business projected to grow from 355 million RMB in 2022 to 451 million RMB in 2024 [21]. - The company has made strategic investments in emerging fields, particularly in electric aviation and robotics, indicating a focus on diversifying its revenue streams [22]. - Wolong Electric Drive has also engaged in acquisitions of international brands and companies to enhance its market position and technological capabilities [12].

0 1 事 件 概 述 公司披露2025年半年度报告，2025H1营收36.30亿元，同比+6.20%；归母净利润2.76亿元，同比+8.40%；扣非归母净利2.68亿元，同比+9.48%。 0 2 分 析 判 断 ► 2025Q2业绩符合预期 问界销量表现亮眼 1）营收端： 2025Q2营收20.87亿元，同比+10.71%，环比+35.28%。2025Q2公司客户赛力斯问界品牌销量为109,181辆，同比+8.92%，环比+141.13%，带动 公司营收环比增长。 2）利润端： 2025Q2公司 实现 归母净利润1.83亿元，同比+18.87%，环比+96.94%，符合预期。公司2025Q2毛利率为16.63%，同环比分 别+0.12pct/+2.25pct，净利率为8.79%，同环比分别+0.61/+2.76pct，同环比均提升系产能利用率提升所致。 3）费用端： 2025Q2销售/管理/研发/财务费用率 分别为 0.34%/2.58%/3.22%/0.57% ，同比分别 -0.33/+0.12/-1.02/-0.31pct ，环比分别 -0.27/-0.56/-0.24/-0.28pct ，研发费 用 ...

证券代码：001311 证券简称：多利科技 滁州多利汽车科技股份有限公司 2、请问公司目前主要客户有哪些？近期是否有大的变化？ 公司目前主要的客户包括特斯拉、零跑汽车、蔚来汽车、理想汽车、比亚 迪、江淮汽车、上汽集团、上汽大众、上汽通用等整车制造商和新朋股份、上 海同舟等汽车零部件制造商。2025 年上半年，公司客户结构稳定，并持续与 部分潜在客户进行对接沟通，积极拓展新客户、新产品，持续完善客户结构， 提高市场竞争力。 3、请问公司目前的排产情况如何，预计三四季度是否会有所改善？ 基于客户针对下半年终端产品产销量的量化预估，公司针对主要客户第三 季度的订单排期相较于第二季度将有所增加。公司后续会持续关注主要客户新 产品动态以及终端销售数据，为客户提供全面且多元的产品，进而强化公司的 核心竞争力。 投资者关系活动记录表 编号：2025-003 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活 | 媒体采访 □业绩说明会 | | | 新闻发布会 路演活动 | | 动类别 | 现场参观 | | | 其他（电话会议） | | | 天风证券、西部证券、长江证券、中泰证券 ...

沪光股份（605333.SH）系列点评八 25Q2 业绩符合预期 "1+N"业务布局加速 2025 年 08 月 22 日 ➢ 事件概述：公司披露 2025 年半年度报告，2025H1 营收 36.30 亿元，同比 +6.20%；归母净利润 2.76 亿元，同比+8.40%；扣非归母净利 2.68 亿元，同比 +9.48%。 ➢ 25Q2 业绩符合预期 问界销量表现亮眼。1）营收端：2025Q2 营收 20.87 亿元，同比+10.71%，环比+35.28%。2025Q2 公司客户赛力斯问界品牌销量为 109,181 辆，同比+8.92%，环比+141.13%，带动公司营收环比增长。2）利润 端：2025Q2 公司实现归母净利润 1.83 亿元，同比+18.87%，环比+96.94%， 符合预期。公司 2025Q2 毛利率为 16.63%，同环比分别+0.12pct/+2.25pct， 净利率为 8.79%，同环比分别+0.61/+2.76pct，同环比均提升系产能利用率提 升 所 致 。 3 ） 费 用 端 ： 2025Q2 销 售 / 管 理 / 研 发 / 财 务 费 用 率 分 别 为 0.34%/2 ...

消息面上，速腾聚创公布第二季度及中期业绩报告。财报显示，公司本季度实现营收约4.6亿元，同比 增长24.4%，环比增长38.9%。其中，机器人业务呈现爆发式增长，产品销量达34,400台，同比劲增 631.9%。此外，公司产品毛利率从2024年第一季度的12.3%提升至2025年第二季度的27.7%，连续6个季 度环比上升。 智通财经APP获悉，速腾聚创(02498)绩后涨超8%，截至发稿，涨7.48%，报37.08港元，成交额3.83亿港 元。 公告显示，速腾聚创的激光雷达总销量在第二季度达15.82万台，同比增长28.6%，环比增长45.7%。其 中，ADAS领域交付12.38万台，同比增长4.6%，环比增长28%，EM系列产品在半年内斩获了来自8家主 机厂的45个车型定点，全球首家量产520线激光雷达；机器人及其他领域销量飙升至3.44万台，同比暴 涨631.9%，对比第一季度环比增长也达到了189.1%。第二季度机器人赛道加速爆发，为速腾聚创带来 了约1.5亿元营收，环比增长100.7%。 ...

拓普集团 20250821 摘要 拓普集团三季度收入预计增长 15%-20%，受益于问界 M8 全月量产、 特斯拉 Model YL 订单及海外 Model Y 减配版落地，以及极氪银河系列、 奇瑞等车型销量增长，9 月爬坡顺利或有更高弹性。 拓普集团通过规模化和轻资产运营转型，整体利润率有望提升至 10%以 上。预计三季度增速明显恢复，四季度受益于低基数和业务全面推进， 业绩有望超预期增长，单季利润或恢复至 9-10 亿元水平。 拓普集团在汽车零部件领域采取平台化策略，整合中小企业，快速提升 并购标的利润率并拓展客户渠道。同时，在空悬系统、EMB 和热管理领 域取得显著进展，总成份额达 20%-30%。 预计拓普集团 2025 年利润约为 30 亿元，但逐季表现提升，四季度可 能达到 9 亿多元。公司注重长期成长空间和品类扩张，液冷板块和整套 热管理体系具备巨大潜力。 拓普集团 2026 年利润预期接近 40 亿元，汽车业务市盈率预估为 20- 25 倍，对应市值约为 800 亿至 1,000 亿元。机器人业务市场规模预计 超过 500 亿元。 Q&A 拓普集团目前的经营状况如何？未来有哪些关键发展点？ 拓 ...

Summary of Lingyun Co., Ltd. Conference Call Company Overview - Lingyun Co., Ltd. is a leading enterprise in the high-end new energy battery shell sector, achieving revenue of 16.6 billion yuan from automotive metal and plastic components in 2023, with major clients including Tesla and FAW-Volkswagen, ensuring a solid foundation for revenue growth [2][5] Financial Performance - In 2023, Lingyun Co., Ltd. reported total revenue of 18.7 billion yuan, with automotive components contributing 16.6 billion yuan. The company has a substantial number of new orders each year, which supports future revenue growth [5] - Since 2019, the company has experienced a decline in gross and net profit margins due to industry restructuring and increased competition, alongside losses from its German subsidiary, Wadasaf. However, through resource integration and cost reduction measures, profitability is gradually recovering [2][5] Key Business Segments Lightweight Technology - Lingyun Co., Ltd. has made significant advancements in lightweight technology, particularly in hot forming and aluminum alloy core technology applications. Collaborations with GS Company from South Korea have allowed entry into the supply chains of FAW, BAIC, Audi, BMW, and others [6] - The acquisition of Wadasaf has enabled the company to master aluminum alloy core technology and expand into battery tray applications, establishing partnerships with BMW, Mercedes-Benz, and FAW-Volkswagen. Wadasaf is expected to return to profitability by 2026 [6] Robotics Business - The company is focusing on six-dimensional force sensors, essential for flexible control in robotics. In 2022, the sales volume of six-dimensional force sensors in China was 8,360 units, with the robotics sector accounting for 4,840 units. By 2027, sales are expected to exceed 84,000 units, with a market size surpassing 1.6 billion yuan and a compound annual growth rate of 50% [7] - Collaborations with the Hefei Institute of Material Science and the China National Machinery Industry Corporation are underway to develop these sensors and achieve low-cost mass production [7] Liquid Cooling Business - Lingyun Co., Ltd. is developing fluid pipeline business through its 50% joint venture, Yada Group, which is supported by Swiss company Georg Fischer. Revenue from this segment is projected to reach 6 billion yuan in 2024 [8] - The company is accelerating the development of data center liquid cooling products, including primary side liquid cooling products and polymer secondary side liquid cooling pipeline assemblies. Its wholly-owned subsidiary, Xuandan Lingyun, is also actively involved in liquid cooling pipeline systems, with expected revenue of 700 million yuan in 2024 [9] Future Outlook - The company anticipates that its main business will achieve a profit of 1 billion yuan by 2026, with emerging businesses like robotics and liquid cooling expected to contribute an additional 300 million yuan in profit. This could lead to a market capitalization increase of over 100% [3][10]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company reported a strong revenue growth in Q2, with total revenue reaching 6.645 billion yuan in the first half of 2025, representing a year-on-year increase of 22%. The net profit attributable to the parent company was 769 million yuan, up 19% year-on-year, with a net profit margin of 11.6% [7] - The company has established a solid customer base for its structural components, securing long-term supply agreements with major clients such as Inpai Battery and Honeycomb Energy, which are expected to drive revenue growth [7] - The company is actively expanding its product offerings in the robotics sector, focusing on key components such as reducers and robotic hands, with new products successfully shipped for various applications [7] - The report slightly adjusts the profit forecast for 2025-2027, estimating net profits of 1.770 billion yuan, 2.171 billion yuan, and 2.608 billion yuan respectively, with corresponding price-to-earnings ratios of 19, 16, and 13 [7] Financial Data and Profit Forecast - Total revenue projections for 2025 are set at 14.734 billion yuan, with a year-on-year growth rate of 22.5%. The net profit for 2025 is expected to be 1.770 billion yuan, reflecting a growth rate of 20.3% [6] - The gross margin for Q2 2025 reached 23.4%, showing a quarter-on-quarter increase of 1.2 percentage points, indicating potential for further cost reduction in the upcoming peak season [7] - The company's return on equity (ROE) is projected to improve from 6.3% in 2025 to 15.4% by 2027, demonstrating strong profitability potential [6]