毓恬冠佳成立于2004年12月3日，于2025年3月3日在深圳证券交易所上市，注册地址和办公地址均位于上 海。公司是一家专业的汽车运动部件制造商，在汽车天窗设计、研发与生产方面具备显著优势，服务于众 多知名汽车厂商。 公司主要从事汽车运动部件制造，以汽车天窗为核心产品，具备设计、研发、生产一体化能力。所属申万 行业为汽车-汽车零部件-车身附件及饰件，概念板块涵盖小盘、次新股、汽车零部件核聚变、超导概念、 核电等。 经营业绩：营收行业第23，净利润行业第23：2025年三季度，毓恬冠佳营业收入为15.54亿元，在41家同行 中排名第23，远低于行业第一名华域汽车的1308.53亿元和第二名福耀玻璃的333.02亿元，行业平均数为 73.44亿元，中位数为17.14亿元；净利润为1.15亿元，同样排名第23，行业第一名福耀玻璃达70.68亿元， 第二名华域汽车为53.97亿元，行业平均数为4.88亿元，中位数为1.2亿元。 资产负债率低于同业平均，毛利率低于同业平均：偿债能力方面，2025年三季度毓恬冠佳资产负债率为 42.08%，低于行业平均的42.48%，显示出较好的债务风险控制能力。从盈利能力看，当期毛利率 ...

联明股份成立于2003年1月30日，于2014年6月30日在上海证券交易所上市，注册地址和办公地址均位于上 海。该公司是国内汽车零部件领域企业，在汽车冲压及焊接总成零部件、智慧物流服务和包装器具业务方 面具有独特优势。 联明股份主营业务包括汽车冲压及焊接总成零部件的开发、生产与销售，基于供应链管理的智慧物流服 务，以及汽车零部件包装器具业务。所属申万行业为汽车 - 汽车零部件 - 其他汽车零部件，涉及冷链物 流、小盘、汽车零部件核聚变、超导概念、核电等概念板块。 经营业绩：营收行业42，净利润行业34 2025年三季度，联明股份营业收入为5.93亿元，在行业55家企业中排名42。行业第一名中鼎股份营收 145.55亿元，第二名凌云股份营收140.7亿元，行业平均数为21.5亿元，中位数为12.83亿元。同期净利润为 5384.53万元，行业排名34。行业第一名中鼎股份净利润13.05亿元，第二名凌云股份净利润7.86亿元，行业 平均数为1.29亿元，中位数为7830.98万元。 资产负债率低于同业平均，毛利率高于同业平均 偿债能力方面，2025年三季度联明股份资产负债率为23.61%，去年同期为20.66%， ...

Core Insights - The company, Aotega, is a significant player in the global automotive air conditioning compressor sector, established in June 2002 and listed on the Shenzhen Stock Exchange in May 2008 [1] Group 1: Business Performance - In Q3 2025, Aotega reported a revenue of 6 billion yuan, ranking 5th among 36 companies in the industry, with the top competitor, Yujing Electronics, generating 45.844 billion yuan [2] - The net profit for the same period was 112 million yuan, placing Aotega 20th in the industry, while the leading company reported a net profit of 1.363 billion yuan [2] Group 2: Financial Ratios - Aotega's debt-to-asset ratio stood at 49.19% in Q3 2025, above the industry average of 44.11%, but down from 54.65% in the previous year [3] - The gross profit margin was 12.73%, lower than the industry average of 19.46%, although it improved from 11.85% in the same period last year [3] Group 3: Leadership - The chairman, Wang Zhenkun, has over 30 years of experience in engineering and investment, appointed as a director in October 2023 and transitioning to a non-executive director in April 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.35% to 146,100, with an average holding of 22,200 circulating A-shares, which decreased by 5.97% [5]

Core Insights - Tianrun Industrial is the largest crankshaft manufacturer in China, with a production capacity of 1.6 million heavy-duty engine crankshafts, 3 million light-duty engine crankshafts, and 1 million medium-duty engine crankshafts annually, showcasing its leading technology in the domestic market [1] Financial Performance - In Q3 2025, Tianrun Industrial achieved a revenue of 2.9 billion yuan, ranking 22nd among 103 companies in the industry, while the industry leader, Weichai Power, reported a revenue of 170.571 billion yuan [2] - The net profit for the same period was 277 million yuan, placing the company 18th in the industry, with Weichai Power's net profit at 10.852 billion yuan [2] Financial Ratios - As of Q3 2025, Tianrun Industrial's debt-to-asset ratio was 26.75%, down from 29.45% year-on-year and below the industry average of 39.06%, indicating strong solvency [3] - The gross profit margin for the same period was 23.25%, slightly lower than the previous year's 23.74%, but higher than the industry average of 21.53%, reflecting good profitability [3] Management Compensation - The chairman, Xing Yunbo, received a salary of 699,400 yuan in 2024, a slight increase from 2023, while the general manager, Xu Chengfei, earned 886,000 yuan, also showing a modest increase [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 16.20% to 58,200, with an average holding of 17,200 circulating A-shares, which decreased by 13.94% [5] - The fifth-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 16.706 million shares, an increase of 3.0172 million shares from the previous period [5] Growth Prospects - The company is expected to benefit from industry beta driving revenue growth and scale effects enhancing gross profit margins [5] - The main business is developing steadily, with large crankshaft and connecting rod products gaining traction and orders from well-known engine manufacturers [5] - The acquisition of Shandong Altai is anticipated to strengthen R&D and production capabilities in lightweight products, accelerating entry into the passenger vehicle market [5]

经营业绩：营收行业第17，净利润行业第17 董事长王文志薪酬132.48万元，同比增加53.03万元 宏鑫科技成立于2006年1月20日，于2024年4月15日在深圳证券交易所上市，注册地址和办公地址均位于浙 江省台州市。该公司是国内汽车锻造铝合金车轮领域的企业，在产品研发和制造方面具有一定技术优势。 宏鑫科技主营业务为汽车锻造铝合金车轮的研发、设计、制造和销售，所属申万行业为汽车 - 汽车零部件 - 轮胎轮毂，所属概念板块包括小盘、微盘股、汽车零部件核聚变、超导概念、核电。 2025年三季度，宏鑫科技营业收入为7.68亿元，在行业21家公司中排名第17，远低于行业第一名中策橡胶 的336.83亿元和第二名赛轮轮胎的275.87亿元，也低于行业平均数79.7亿元和中位数40.29亿元。主营业务 构成中，乘用车锻造铝合金车轮营收2.01亿元，占比40.06%；商用车锻造铝合金车轮营收2亿元，占比 39.94%；其他业务营收1亿元，占比20.01%。当期净利润为4361.31万元，行业排名同样为第17，远低于行 业第一名中策橡胶的35.13亿元和第二名赛轮轮胎的29.55亿元，低于行业平均数5.79亿元和中位数2 ...

Core Insights - Tongxing Technology, established in January 2001, went public on May 25, 2023, on the Shenzhen Stock Exchange, and is based in Zhejiang Province [1] - The company specializes in refrigeration equipment, focusing on the research, production, and sales of related products, including heat exchangers, refrigeration system pipe components, automotive air conditioning pipelines, and refrigeration unit modules [1] Financial Performance - For Q3 2025, Tongxing Technology reported revenue of 915 million yuan, ranking 26th out of 34 in the industry, significantly lower than the top competitor, Sanhua Intelligent Controls, which had 24.03 billion yuan, and the second competitor, Haili Co., with 16.49 billion yuan [2] - The main business composition includes refrigeration components and products at 483 million yuan (77.83%), automotive air conditioning system components at 109 million yuan (17.59%), and other supplementary products at 28.42 million yuan (4.58%) [2] - The net profit for the same period was 88.57 million yuan, ranking 16th in the industry, with a notable gap from the top competitor's net profit of 3.29 billion yuan [2] Financial Ratios - As of Q3 2025, Tongxing Technology's debt-to-asset ratio was 25.74%, down from 28.29% year-on-year, and significantly lower than the industry average of 41.84%, indicating strong solvency [3] - The gross profit margin for the same period was 19.67%, slightly down from 21.76% year-on-year but still above the industry average of 18.50% [3] Management Compensation - The chairman, Zhang Liangcan, received a salary of 804,200 yuan in 2024, a slight decrease from 804,700 yuan in 2023 [4] - The general manager, Zhang Tianhong, earned 403,700 yuan in 2024, also a minor decrease from 403,900 yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.74% to 13,800, with an average holding of 3,343.33 circulating A-shares, which increased by 1.57% [5]

Core Viewpoint - Huapei Power, established in 2006 and listed in 2019, specializes in the research, production, and sales of key components for turbochargers, achieving significant results in expanding its quality customer base [1] Financial Performance - For Q3 2025, Huapei Power reported revenue of 854 million yuan, ranking 66th among 103 companies in the industry, significantly lower than the top competitors Weichai Power at 170.57 billion yuan and Top Group at 20.93 billion yuan, as well as below the industry average of 3.82 billion yuan and median of 1.38 billion yuan [2] - The main business revenue breakdown includes: wastegate valve components at 331 million yuan (57.26%), sensor products at 120 million yuan (20.77%), turbo shells and intermediate shells at 67.86 million yuan (11.74%), and other revenues at 59.12 million yuan (10.23%) [2] - The net profit for the same period was 17.51 million yuan, ranking 87th in the industry, far behind Weichai Power's 10.85 billion yuan and Top Group's 1.97 billion yuan, and below the industry average of 27.5 million yuan and median of 9.22 million yuan [2] Financial Ratios - As of Q3 2025, Huapei Power's debt-to-asset ratio was 44.20%, up from 40.03% year-on-year and above the industry average of 39.06% [3] - The gross profit margin for Q3 2025 was 23.16%, down from 27.40% year-on-year but still above the industry average of 21.53% [3] Management and Shareholder Information - The chairman and general manager, Wu Huailai, received a salary of 1.042 million yuan in 2024, an increase of 26,100 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 55.38% to 27,100, while the average number of circulating A-shares held per account decreased by 35.64% to 12,500 [5] Business Outlook - Huapei Power has made notable progress in expanding its quality customer base and solidifying its powertrain business with international top clients, launching multiple new projects [5] - The company plans to invest in establishing a robotics subsidiary, which is expected to open a second growth curve [5] - Revenue projections for 2025-2027 are 1.409 billion yuan, 1.622 billion yuan, and 1.853 billion yuan, with net profits of 110 million yuan, 144 million yuan, and 181 million yuan respectively [5]

Core Viewpoint - Dongjian Technology, established in 2003 and listed in 2021, specializes in automotive parts and has strong industrial design and R&D capabilities [1] Group 1: Business Overview - The main business includes the design, R&D, production, and sales of side load-bearing decorative systems, front and rear protection systems, in-vehicle intelligent electromechanical systems, roof loading systems, and other vehicle systems [1] - The company operates in the automotive parts sector, specifically in body accessories and trim [1] Group 2: Financial Performance - For Q3 2025, Dongjian Technology reported revenue of 1.516 billion yuan, ranking 25th among 41 companies in the industry, significantly lower than the top company, Huayu Automotive, which had 130.853 billion yuan [2] - The net profit for the same period was 146 million yuan, ranking 18th in the industry, also far below the leading companies [2] Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 36.54%, lower than the industry average of 42.48%, indicating strong debt repayment capability [3] - The gross profit margin was 27.54%, higher than the industry average of 22.52%, reflecting good profitability [3] Group 4: Executive Compensation - The chairman, Luo Jun, received a salary of 1.8115 million yuan in 2024, an increase of 1.1558 million yuan from the previous year [4] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 6.93% to 16,600, while the average number of shares held per shareholder increased by 7.45% [5]

菱电电控（维权）成立于2005年1月7日，于2021年3月12日在上海证券交易所上市，注册地址和办公地址 均为湖北省武汉市。它是国内少数掌握汽车发动机管理系统核心技术的企业，产品具备较强技术壁垒。 菱电电控主营业务为汽车发动机管理系统、摩托车发动机管理系统、纯电动汽车动力电子控制系统、混合 动力汽车动力电子控制系统的研发、生产、销售和技术服务，所属申万行业为汽车 - 汽车零部件 - 汽车电 子电气系统，概念板块包含长安汽车概念、小盘、汽车零部件核聚变、超导概念、核电。 经营业绩：营收行业27，净利润行业23 2025年三季度，菱电电控营业收入8.9亿元，行业排名27/36，行业第一名均胜电子458.44亿元，第二名联合 动力145.25亿元，行业平均数42.52亿元，行业中位数22.46亿元。主营业务构成中，产品销售收入6.07亿元 占比96.06%，技术开发收入2488.47万元占比3.94%。当期净利润7467.4万元，行业排名23/36，行业第一名 均胜电子13.63亿元，第二名联合动力7.92亿元，行业平均数2.17亿元，行业中位数1.19亿元。 图：菱电电控净利润及增速 风险提示：市场有风险，投资需 ...