证券日报网讯隆基机械（002363）9月11日在互动平台回答投资者提问时表示，截至2025年9月10日，公 司股东人数为31824户。 ...

Group 1 - The company, Guangzhou Ruili Kemi Automotive Electronics Co., Ltd., plans to issue 45.044546 million shares in its initial public offering, with a strategic placement of 4.504454 million shares [1] - The total amount of funds to be raised, after deducting issuance costs, is intended for investment in the company's automotive intelligent electronic control system R&D headquarters, R&D center construction, information technology projects, and to supplement working capital, totaling 1.522 billion yuan [1] - The company is a national high-tech enterprise specializing in the R&D, production, and sales of core components related to active safety systems for motor vehicles [2] Group 2 - The company's main business includes the R&D, production, and sales of active safety systems and aluminum alloy precision die-casting parts, along with technical services [2] - It is one of the few domestic companies capable of developing active safety systems such as ABS, ESC, EBS, EPB, and ECAS, covering mainstream technical routes in pneumatic/hydraulic braking and electronic/line control braking [2] - The projected net profits attributable to the parent company for the years 2022 to 2024 are 96.9647 million yuan, 236 million yuan, and 269 million yuan, respectively [2]

Core Insights - The 2025 Munich International Motor Show highlights three major trends in the automotive industry: deepening electrification, software-defined digitalization, and AI-driven intelligence [1][3][9] Electrification - Electrification is no longer an emerging trend but has developed more deeply in both technology and market aspects. Battery technology and alternative power systems are now core focuses, with safety and sustainability of power battery systems being emphasized at the show [3][4] - Chinese companies showcased significant innovations, such as BYD's 1 MW charging platform, achieving the world's highest mass production charging power and speed [4] - Other notable exhibits include CATL's NP3.0 battery safety technology and EVE Energy's standardized cylindrical batteries with digital identification [4] Digitalization - Digitalization is a key driver of the entire mobility ecosystem, with software-defined vehicles being a major technical focus. ZF Group presented software-defined chassis and electric mobility technologies [6][7] - Bosch showcased high-performance onboard computers and flexible vehicle architectures to accelerate automotive digital transformation [7] - NVIDIA emphasized the shift from horsepower to computing power in vehicles, integrating comprehensive safety systems for autonomous driving [7] Intelligence - The show indicates a new phase of automotive intelligence driven by AI and software, with smart driving moving towards large-scale production. Chinese companies are emerging as significant players in this field [9][10] - XPeng Motors displayed a range of technologies, including smart electric vehicles and flying cars, highlighting their advanced technological layout [9] - Yuanrong Qihang presented its latest auxiliary driving platform, showcasing its ability to adapt to various traffic systems and cultures [10]

Core Insights - The company emphasizes its research and development capabilities, particularly in the field of new energy thermal management, which is expected to yield practical benefits from its investments [2][3] - The company has set a strategic goal to achieve a revenue of 3 billion RMB by 2025, with a projected revenue of 2.45 billion RMB in 2024 and 1.29 billion RMB in the first half of 2025 [8] Research and Development - The company has three strategic considerations for R&D investment: supporting future orders, driving new market entries, and transitioning to a high-tech enterprise through core technology development [3] - The company has maintained significant R&D investment in the first half of 2025, focusing on new business growth points [2] Market Performance - The company's revenue from automotive fluid pipes and assemblies increased by 35% compared to the same period last year, driven by a focus on new energy vehicle cooling pipe projects [6] - The company's revenue from the sealing components business increased by 18.24% year-on-year in the first half of 2025, reflecting successful market expansion efforts [11] Strategic Partnerships and Market Expansion - The company has established long-term stable partnerships with several well-known automotive manufacturers, leveraging its extensive customer base [5] - In the first half of 2025, the company formed business collaborations with a Japanese automotive group and a strategic partnership with the French Delmon Group, indicating a proactive approach to international market expansion [9] Cost Management and Supply Chain - The company is focused on cost reduction and efficiency improvement through enhanced market research, price assessment, and inventory management [10] - In the first half of 2025, the company established institutional strategic cooperation with major material suppliers to optimize its supply chain [10] Talent Development - The company has been actively enhancing its talent pool by attracting high-end technical personnel in thermal management and fluid mechanics, and implementing innovative incentive mechanisms [7]

Financial Performance - In the first half of 2025, Tianqi Mould's accounts receivable turnover days and inventory turnover rate were below expectations due to smaller sales scale [1] - The company reported a net profit of 7,515,043.92 RMB after deducting non-recurring items in the first half of 2025 [8] Operational Efficiency - Measures to optimize cash flow include improving contract credit conditions, shortening production cycles, and enhancing collection tracking [1] - The company is actively upgrading its production equipment and has signed contracts for new machinery with suppliers [2] Market Expansion - In the first half of 2025, Tianqi Mould expanded its market share by securing orders from major clients such as STELLANTIS, Mercedes-Benz, and BYD [2] - The company aims to increase its market share in the new energy vehicle sector by leveraging its existing capabilities in traditional fuel and electric vehicle stamping dies [3] Strategic Development - Future development plans focus on strengthening the core mould business, expanding automotive parts, and increasing market share in the aerospace components sector [5] - The company is exploring opportunities in the aerospace sector, which is currently experiencing rapid growth [2] Shareholder and Market Concerns - The company’s stock price has been underperforming compared to the industry average, with ongoing discussions about share buyback plans [6] - The company is in the process of a significant asset restructuring, with no formal agreements signed yet, leading to uncertainty about future control changes [8] Talent Management - Tianqi Mould has implemented competitive benefits and a tailored training system to attract and retain talent [9]

证券日报网讯 9月11日晚间，新泉股份发布公告称，公司于2025年8月29日召开第五届董事会第十次会 议，审议通过了《关于在山西晋中投资设立全资子公司的议案》，同意公司在山西省晋中市投资设立晋 中新泉汽车饰件有限公司（具体名称以工商核准为准），注册资本为人民币1，000万元，公司将持有晋 中新泉汽车饰件有限公司100%股权，主要从事汽车饰件系统的研发、设计、制造和销售。近日，公司 完成了该晋中全资子公司的工商注册登记手续，并取得了山西转型综合改革示范区晋中开发区管理委员 会颁发的《营业执照》。 （文章来源：证券日报） ...

Group 1: Core Trends in the Automotive Industry - The 2025 Munich International Motor Show highlights three major trends in the automotive industry: deepening electrification, software-defined digitalization, and AI-driven intelligence [1] - Electrification is no longer an emerging trend but is developing more deeply in both technology and market aspects, with a focus on battery technology and alternative power systems [2] - Hydrogen energy and solid-state batteries are also significant topics at the show, showcasing the industry's exploration of diverse energy technologies [3] Group 2: Electrification Developments - Chinese companies demonstrated strong innovation and technical capabilities, with BYD launching a passenger car platform capable of a global maximum charging power of 1 megawatt and a peak charging speed of 2 kilometers per second [2] - CATL introduced a battery safety technology that does not produce open flames or smoke during thermal runaway, enhancing vehicle safety [2] - Major German automakers like Mercedes-Benz, BMW, and Volkswagen showcased new electric vehicle models, emphasizing advancements in electric architecture and battery management systems [2] Group 3: Digitalization and Software-Defined Vehicles - Digitalization is a key driver in the entire mobility ecosystem, with software-defined vehicles being a focal point of the show [4] - ZF Group presented software-defined chassis and electric mobility technologies, including a variable software connection for steering systems that enhances control and safety [4] - Bosch showcased high-performance onboard computers and flexible vehicle infrastructure to accelerate automotive digitalization [4] Group 4: AI and Intelligent Driving - The show indicated a shift towards AI-driven and software-enabled automotive intelligence, with Chinese companies emerging as significant players in this field [5] - XPeng Motors exhibited a range of technologies, including smart electric vehicles and flying cars, highlighting their technological advancements [5] - A dedicated testing area for L3 and L4 autonomous driving capabilities was established to demonstrate various applications of vehicle-road collaboration [6]

Group 1 - On September 8, JPMorgan reduced its stake in Sensata Technologies (00425) by 849,560 shares at a price of HKD 31.3761 per share, totaling approximately HKD 26.6559 million [1] - After the reduction, JPMorgan's latest holding is approximately 81.618 million shares, representing a holding percentage of 6.95% [1]

（原标题：瑞立科密启动招股 主动安全系统"硬核技术"筑牢行业地位） 瑞立科密(001285)首次公开发行股票并在主板上市招股意向书9月11日发布。按照本次发行计划，瑞立 科密公开发行股票的数量约4504.45万股，在深圳证券交易所主板上市，初步询价时间为9月15日，网上 网下申购日同为9月19日。 招股书显示，瑞立科密是专业从事机动车主动安全系统相关核心部件研发、生产和销售的国家高新技术 企业，主营业务为机动车主动安全系统和铝合金精密压铸件的研发、生产和销售以及技术服务。 瑞立科密是国内少数具备汽车制动防抱死系统（ABS）、电子稳定控制系统（ESC）、电子制动控制系 统（EBS）、电子驻车制动系统（EPB）、电控空气悬架系统（ECAS）等主动安全系统正向开发能力 的企业，核心产品已涵盖气压制动/液压制动、电控制动/线控制动等主流技术路线，广泛应用于商用 车、乘用车及摩托车的制动安全等领域。 历经20余年发展，瑞立科密已成长为国内商用车主动安全系统龙头企业，公司品牌"科密 （Kormee）"已成长为行业一线品牌。根据中国汽车工业协会统计，2014年至2023年，瑞立科密气压电 控制动产品包含的制动防抱死装置（A ...

Group 1: Research and Development - The company emphasizes its capability in transforming research into practical applications, highlighting successful cases from the first half of 2025 that contributed to actual benefits [2][3] - In the first half of 2025, the company maintained significant R&D investments, focusing on new business areas and technological advancements to support its strategic planning [3][4] - The R&D strategy includes supporting future orders through current investments, entering new market segments, and enhancing product value to improve profitability [3][6] Group 2: Market Performance - The company reported a 35% increase in revenue from its automotive fluid pipeline and assembly business compared to the same period last year [6][11] - The sales of new energy vehicle-related products have improved due to the company's proactive adjustments to market demands, leading to better overall sales performance [5][6] - The overall revenue for the first half of 2025 increased by 18.24%, reflecting successful market expansion and strategic execution [11][12] Group 3: Competitive Advantages - The company has established long-term partnerships with several well-known automotive manufacturers, creating a stable customer base and a robust supply chain [6][11] - The focus on technological innovation and product quality enhancement has strengthened the company's competitive position in the automotive parts industry [6][12] - The company is exploring new business opportunities in response to the growing demand for integrated products in the automotive sector, particularly in the context of electric vehicles [10][12] Group 4: Strategic Planning and Future Outlook - The company aims to achieve a revenue target of 3 billion RMB by 2025, with 2024 revenue reaching 2.45 billion RMB, indicating a strong growth trajectory [8][9] - The next three-year strategic plan is under development, focusing on expanding market presence and addressing operational challenges identified in the previous plan [9][12] - The company is actively pursuing international market opportunities, having formed partnerships with foreign automotive groups to enhance its global footprint [9][12] Group 5: Talent and Organizational Development - The company is enhancing its talent acquisition strategies, focusing on high-end technical personnel to support its R&D efforts in new energy and fluid dynamics [7][12] - A dynamic incentive mechanism has been implemented to align employee interests with company growth, fostering a culture of innovation and efficiency [7][12] - The company is committed to optimizing its organizational structure to improve operational efficiency and support long-term strategic goals [7][12]