Group 1 - The core viewpoint emphasizes a strong optimism towards the robotics sector, with a notable investment in Ningbo Huaxiang by Zhang Jianping, who acquired 6 million shares in the second quarter, raising questions about whether it can replicate the performance of Cambricon [1] - Zhang Jianping's holdings in Cambricon are reported at 1.45%, with a market value of approximately 366 million yuan, while his stake in Ningbo Huaxiang is 0.76%, corresponding to a market value of about 113 million yuan [1][2] - The discussion around Ningbo Huaxiang and Cambricon highlights their respective positions in the AI chip and automotive components sectors, suggesting a strategic alignment with the trends in robotics and intelligent driving [2] Group 2 - The comparison between Ningde Times and Cambricon, as noted by Huachuang Securities' Zhang Yichi, indicates a growing interest and debate within the market regarding these companies [2] - Zhang Jianping's relatively low holding in Cambricon is pointed out, suggesting it may not significantly influence the stock price movements, while his investment in Ningbo Huaxiang has not yet surpassed his historical investment patterns [2]

证券研究报告 | 固定收益定期 2025 08 14 年 月 日 可转债产业链大图谱 — — 2025 年 8月 分析师 杨业伟 分析师 王素芳 执业证书编号：S0680520050001 执业证书编号：S0680524060002 邮箱：yangyewei@gszq.com 邮箱：wangsufang@gszq.com 打造极致专业与效率 | 转债代码 | | 转债简称 | 正股简称 | | 所属行业 | 成交额 | | | 转债价格 | | 纯债溢价 | | 转股溢价 | 到期收益 | | | 剩余期限 | 转债余额 | | | 债7月涨跌 | | 股7月涨跌 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | （亿元） | | | （元） | 率（%） | | 率（%） | | 率（%） | | | （年） | （亿元） | | 幅（% ...