截至发稿，刘辉累计任职时间14年187天，现任基金资产总规模17.51亿元，任职期间最佳基金回报 163.07%， 任职期间最差基金回报-1.13%。 9月17日，银轮股份涨7.42%，截至发稿，报42.87元/股，成交7.09亿元，换手率2.11%，总市值357.88亿 元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，浙江银轮机械股份有限公司位于浙江省天台县福溪街道始丰东路8号，成立日期1999年3月10 日，上市日期2007年4月18日，公司主营业务涉及油、水、气、冷媒间的热交换器、汽车空调等热管理 产品以及后处理排气系统相关产品的研发、生产与销售。主营业务收入构成为：热交换器88.73%，其 他10.51%，贸易0.76%。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，东证资管旗下1只基金重仓银轮股份。东方红睿丰混合（169101）二季度持有股数362.94万 股，占基金净值比例为5.03%，位居第五大重仓股。根据测算，今日浮盈赚取约1074 ...

早盘速递 2025/9/17 热点资讯 1. 周一，美国一家上诉法院拒绝了美国总统特朗普解雇美联储理事丽莎·库克的请求，这是自1913年美联储成立以来， 总统首次尝试采取此类行动。哥伦比亚特区巡回上诉法院的裁决意味着，美联储在当地时间周二和周三的议息会议期间， 库克暂时可以继续留在美联储。 -2.00 -1.50 -1.00 -0.50 0.00 0.50 1.00 1.50 2.00 2.50 3.00 板块涨跌幅（%） 非金属建材, 2.61% 贵金属, 30.39% 油脂油料, 10.93% 有色 软商品, 2.27% , 20.67% 煤焦钢矿, 14.67% 能源, 2.93% 化工, 11.46% 谷物, 1.03% 农副产品, 3.05% 商 品 各 板 块 资 金 占 比 第 1 页，共 3 页 重点关注 铁矿石、螺纹、菜油、豆二、沪金 夜盘表现 -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% -1.00% -0.50% 0.00% 0.50% 1.00% 1.50% 2.00% 商品期货主力合约夜盘涨跌幅 涨跌幅 增仓比率（右轴） 板块表现 类 ...

天眼查App显示，近日，安徽高普科技有限公司成立，法定代表人为王钧，注册资本500万人民币，经 营范围为一般项目：汽车零部件研发；汽车零部件及配件制造；汽车零配件批发；汽车零配件零售；化 工产品销售（不含许可类化工产品）；电机制造；密封胶制造；新材料技术研发；高性能密封材料销 售；橡胶制品制造；橡胶制品销售；汽车装饰用品制造；汽车装饰用品销售；摩托车及零部件研发（除 许可业务外，可自主依法经营法律法规非禁止或限制的项目）。 ...

Core Insights - The report highlights the significant rise in long-term interest rates in developed countries since August, particularly in France and the UK, reaching levels not seen since 2011 and 1998 respectively, raising concerns about potential liquidity pressures in risk assets [2][8] - The increase in long-term rates is primarily driven by inflationary pressures, which have weakened the likelihood of interest rate cuts, with the UK facing greater challenges than the Eurozone [2][3] - The report identifies four key events over the past three years that have caused volatility in equity and currency markets due to rising interest rates, including the UK pension crisis in 2022 and the US debt supply shock in 2023 [3][8] Market Performance - The Shanghai Composite Index closed at 3862 points, with a slight increase of 0.04% over one day, and a 4.47% increase over five days [1] - The Shenzhen Composite Index showed a stronger performance, closing at 2490 points with a 0.74% increase over one day and an 8.22% increase over five days [1] - Among industry sectors, home appliance components saw the highest growth, with a 6.28% increase yesterday and a 25.04% increase over the past six months [1] Interest Rate Trends - The report notes that the rise in long-term interest rates is expected to continue in the short term, with specific indicators to monitor for potential liquidity shocks in equity markets [3][4] - The report emphasizes that when the historical volatility of US Treasury rates exceeds 10%, it is crucial to be aware of potential liquidity risks [3][4] - Long-term interest rates reflect both economic investment returns and social financing costs, with rising rates potentially leading to systemic risks if they constrain government actions [4][9] Economic Indicators - The report suggests that the current credit spread indicators for corporate bonds in the US, Europe, and Japan are below the 5% threshold of the past five years, indicating manageable credit risk [4][9] - It highlights the importance of monitoring fiscal expansion events that could lead to debt pressure, particularly in the context of high valuation levels in global equity markets [3][9] Conclusion - The report concludes that while the short-term outlook for long-term interest rates remains upward, the potential for systemic risks increases if rates rise to levels that constrain government fiscal policies [4][9] - Investors are advised to keep an eye on key economic indicators and market conditions that could signal shifts in liquidity and risk profiles [3][4]

Group 1 - The State Council emphasizes innovation-driven and green development, aiming to cultivate modern industrial systems with local characteristics [1] - The Ministry of Commerce and other departments released policies to expand service consumption, including opening up internet and cultural sectors [2] - Beijing has initiated free HPV vaccination for girls entering the first year of junior high school by 2025 [4] Group 2 - TQ Lithium Industries announced the commencement of a pilot project for producing 50 tons of lithium sulfide, responding to demand from the downstream solid-state electrolyte sector [5] - Luxshare Precision announced that its actual controller completed a share buyback plan amounting to 200 million yuan [8] - Brother Technology expects a net profit of 100 million to 115 million yuan for the first three quarters of 2025, representing a year-on-year increase of 207% to 253% [10] Group 3 - Chery Automobile plans to issue 297 million H-shares, with a price range between 27.75 to 30.75 HKD per share [11] - Microsoft plans to invest over 30 billion USD in the UK over the next four years, alongside increased AI investments from OpenAI, Nvidia, and Google [13] - Gold prices reached a record high, surpassing 3700 USD per ounce, driven by a decline in the US dollar index [14]

Core Viewpoint - The article discusses the recent IPO counseling registrations of seven companies in China, highlighting their business models, financial performance, and investment backgrounds. Group 1: 华澜微 (HuaLan Micro) - 华澜微 has no controlling shareholder or actual controller and has not achieved profitability since its establishment [5][6] - The company has undergone 14 rounds of financing, with notable early investors including 深创投 and TCL创投 [5] - 华澜微's revenue from 2019 to 2023 shows a growth trend, with figures of 2.91 billion, 4.35 billion, 5.95 billion, 6.04 billion, and 2.29 billion respectively, while net losses have been recorded [6] - The company was placed on the U.S. Entity List in July 2021, which has affected its operations and led to a strategic shift towards domestic business [7] Group 2: 恒翼能 (Hengyi Energy) - 恒翼能 focuses on intelligent manufacturing equipment for lithium batteries and has become a leading supplier globally [9] - The company has a registered capital of approximately 1.26 billion and has over 2,000 employees across multiple countries [9] - In 2023, 恒翼能 completed a D-round financing led by Morgan Stanley Private Equity Fund [10] Group 3: 玄机科技 (Xuanji Technology) - 玄机科技 is a well-known digital content production company with a registered capital of approximately 515.79 million, focusing on animation IPs [12] - The company has significant backing from Tencent, which holds about 20.5% of its shares [12][14] - Revenue projections for 2023 and 2024 are 262 million and 317 million respectively, with net profits of 40.92 million and 68.2 million [14] Group 4: 先临三维 (Xianlin 3D) - 先临三维 specializes in high-precision 3D scanning technology and has a registered capital of approximately 404 million [16] - The company reported a revenue of 1.202 billion in 2024, with a net profit of 226 million, reflecting a growth of 18.07% and 59.08% respectively [17] - The company's gross margin stands at 69.1% [15] Group 5: 森峰激光 (Senfeng Laser) - 森峰激光 focuses on laser processing equipment and has a registered capital of 57 million [19] - The company has experienced rapid revenue growth, achieving 992 million, 1.332 billion, and 1.288 billion from 2022 to 2024 [20] - The company withdrew its application for the ChiNext listing in December 2024 due to strategic considerations [19] Group 6: 莫森泰克 (Mosen Tech) - 莫森泰克 specializes in automotive components and has a registered capital of approximately 106 million [22] - The company reported a revenue of 1.956 billion in 2024, with a net profit of 264 million, marking a year-on-year growth of 24.42% and 37.32% respectively [23] Group 7: 鹰峰电子 (Eagle Peak Electronics) - 鹰峰电子 focuses on passive electronic components and has a registered capital of approximately 104.93 million [25] - The company has seen fluctuating revenues, with figures of 1.482 billion, 1.396 billion, and 1.841 billion from 2022 to 2025 [27] - The global passive components market is projected to grow from 32.77 billion in 2021 to 42.82 billion by 2027, with a CAGR of 4.56% [26]

Core Insights - The company YK Intelligent Drive Technology Co., Ltd. has established its second production line for automotive drive-by-wire chassis motors within four months, indicating rapid growth and development in the industry [1][2] - The company is breaking the monopoly of foreign products in core components by producing China's first automotive drive-by-wire chassis motor, which is now being applied in various models from major manufacturers like Dongfeng, JAC, Wuling, and BAIC [1][2] Group 1 - The drive-by-wire chassis technology converts driver actions into electrical signals, allowing for faster response and higher precision, which is crucial for intelligent driving assistance systems [1] - The collaboration with Huazhong University of Science and Technology has been pivotal in overcoming technical challenges, particularly in the development of the drive-by-wire braking system [1][2] - The newly developed hollow shaft motor is lighter, more reliable, and has a 30% cost reduction compared to traditional products, showcasing significant advancements in technology [2] Group 2 - The first production line began operations in June 2023, providing products and services to well-known chassis control companies, with the second line expected to achieve an annual production capacity of 600,000 sets and an annual output value of 40 million yuan [2] - The company has rapidly entered mass production within two years through collaboration with academic institutions, demonstrating the effectiveness of its strategic decision to establish operations in Wuhan [2]

自从原老板"汽车零部件大佬"尤建义宣布卖壳给"85后芯片新贵"——中昊芯英的杨龚轶凡，天普股份的股价坐上了火箭，一飞冲天，走出11个涨停板 的"大牛股"走势，更是在一周之内连收了上交所两张《监管工作函》。 8月22日，天普股份第一次复牌当日涨停，上交所就下发了《监管工作函》，要求公司说明控制权转让涉及的收购方资金来源、内幕信息管控等。8月28 日，天普股份再次收到上交所下发的监管工作函。对近期股价波动有关事项向公司及相关方明确监管要求。 诡异的是，天普股份在消息宣布停牌前一个月股价涨幅高达37%，且上市公司艾布鲁（301259.SZ）在天普股份停牌当天的8月15日，宣布和私募基金重庆 涌瑞对杨龚轶凡麾下的中昊芯英增资。这些情况引发了投资者在股吧、雪球等投资者社区对于内幕信息提前泄露的质疑。 不过，随后天普股份发公告称，经公司自查并向控股股东、实际控制人书面发函查证，确认不存在应披露而未披露的重大事项或重要信息。9月16日，公 司在《回复公告》中重申，本次控制权变更事项不存在内幕信息提前泄露的情形。 图源：罐头图库 11连板"妖股"天普股份（605255.SH）在9月11日停牌核查后，终于在9月16日连发了6大 ...

Fundraising Overview - The company, Shanghai Yanpu Metal Products Co., Ltd., successfully issued 3.84 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 384 million, with a net amount of RMB 377.42 million after deducting fees [1][2] - The funds will be used for specific investment projects, including the addition of a new implementation entity and location for the "Jingmen Yanpu Auto Parts Co., Ltd. Great Wall Motor Seat Frame Project" [2][3] Fund Management and Supervision - The company has established a special account for the management of the raised funds, with a tripartite supervision agreement signed among the company, the bank, and the underwriting institution [3][4] - The agreement stipulates that the funds must be used solely for the designated projects and outlines the responsibilities of each party in monitoring and managing the funds [4][6] Regulatory Compliance - The company is required to comply with relevant laws and regulations, including the "Regulations on the Supervision of Fundraising by Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies" [3][4] - The underwriting institution is tasked with ongoing supervision of the fund usage, including conducting semi-annual audits and ensuring compliance with the agreement [4][6] Agreement Details - The tripartite agreement includes provisions for fund withdrawal limits, reporting requirements, and conditions under which the agreement can be terminated [6][7] - The agreement is effective upon signing and remains in force until all funds are fully utilized and the account is closed [6][7]

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index closing at 3861.87, up 0.04%, while the ChiNext Index rose by 0.68% to 3087.04 [7][8] - The overall market saw 3627 companies rise and 1688 fall, with a total trading volume of 23670.69 billion, an increase of 638.89 billion from the previous trading day [7] Industry Dynamics - The underwater robotics application scenarios were released in Shenzhen, focusing on five key areas including marine oil and gas, deep-sea mining, and offshore wind power [25][26] - In August 2025, domestic sales of construction cranes turned positive, with significant year-on-year growth in various categories of cranes, particularly crawler cranes which saw a 43.7% increase in sales [27] Company Updates - Guizhou Moutai reported a significant improvement in terminal sales in August, indicating a positive trend in market demand [29] - Longpan Technology signed a procurement agreement for 157,500 tons of lithium iron phosphate cathode materials with CATL, potentially generating over 6 billion RMB in sales [32] - Jiu Gui Jiu is actively adjusting its strategies to improve performance, focusing on a new marketing model and product innovation to cater to younger consumers [35] Economic Dynamics in Hunan - The stockholder of Zhuzhou Smelter Group changed to Hunan Nonferrous Metals Holding Group, which aims to streamline management and enhance operational efficiency [36] - Hunan's agricultural machinery exports saw a near doubling in growth in the first eight months, with significant contributions from Changsha and Loudi [38]