本次对WAY Business的增资，有利于降低其资产负债率，保证其融资能力，增强其抗风险能力，有助于 其更好地发展，符合公司欧洲市场业务发展的需要，不会损害公司及广大股东们的利益。 智通财经APP讯，常熟汽饰(603035.SH)发布公告，公司基于战略发展规划及欧洲业务拓展需要，增强 全资子公司WAY Business Solutions GmbH(以下简称"WAY Business")的资本实力，公司拟以自有资金向 WAY Business 增资700万欧元。本次增资完成后，公司仍持有WAY Business 的100%股权。 ...

Core Conclusions - The overall beta of the automotive parts sector is expected to weaken in 2026, with structural opportunities being more favorable than total opportunities. The focus should be on "smart driving (L2++/L3/L4) + liquid cooling (AIDC) + humanoid robots" as the three main technology lines, along with the long-term certainty of "going overseas" [2][34] - EPS perspective: 1) Seek alpha that can traverse cycles in the existing market, prioritizing product companies with high competitiveness that can increase market share and companies that can enhance ASP by entering high-value tracks through internal and external expansion. 2) Globalization opens up growth space for automotive parts, with a significant increase in growth potential and risk resistance by prioritizing capacity layout in Europe, North America, and Southeast Asia [2][34] - Recommended companies include Fuyao Glass, Xingyu Co., Minth Group, Joyson Electronics, and Xingyuan Zhuomag, with New Spring Co. as a focus [2] EPS Dimension Outlook - The automotive parts sector's beta is expected to be weak due to domestic total factors in 2026, with structural opportunities preferred over total opportunities. The focus should be on high-competitiveness product companies that can increase market share and those that can enhance ASP by entering high-value tracks through internal and external expansion [34] - Globalization is expected to open up growth space for automotive parts, with incremental orders mainly coming from Southeast Asia and European new energy markets [34] Market Review - The automotive parts sector's overall performance in 2025 was significantly influenced by AI and robotics, with the sector index outperforming the market in the first half of the year. However, it faced challenges in the second half due to U.S. tariffs and price wars [11][19] - The sector's valuation fluctuated, starting from approximately 21 times earnings at the beginning of 2025, peaking at 32 times by September, and then adjusting back down due to tariff impacts and slower-than-expected robotics progress [11][19] Globalization and Market Expansion - The global light vehicle production is projected to reach 78.82 million units in 2024, with overseas markets, particularly in Europe and North America, being significant contributors [52][57] - Chinese automotive parts companies are increasingly following domestic car manufacturers in their overseas expansion, leveraging cost control and response efficiency advantages [60][61] Recommended Companies and Focus Areas - Companies recommended for investment include Fuyao Glass, Xingyu Co., Minth Group, and others that are positioned to benefit from high competitiveness and market share growth [2][34] - Focus areas include smart driving technologies, liquid cooling systems, and humanoid robotics, which are expected to drive growth in the automotive parts sector [2][34]

湖南天雁公告称，本次股改后限售股份上市流通总数为106,470股，上市流通日期为2026年1月5日，涉 及股东张德丰、蔡印启。公司自股权分置改革实施后，股本及股东持股比例有变化，2019 - 2025年因增 发、激励计划授予及注销等使总股本在10.65亿 - 10.73亿股间变动，截至公告披露日，有限售条件的流 通A股占总股本比例为0.78%。此前公司已有15次限售股上市流通，保荐机构认为本次限售股上市符合 规定且无实质性障碍。 ...

Core Viewpoint - The report from Northeast Securities indicates that Xinquan Co., Ltd. has achieved steady revenue growth, with a notable differentiation in production schedules among core customers [1] Revenue Performance - In Q3, the company achieved revenue of 3.95 billion yuan, reflecting a quarter-on-quarter increase of 14.9% and a year-on-year increase of 0.4% [1] Global Expansion - The company has established production bases in Malaysia, Mexico, Slovakia, and the United States, and plans to invest an additional 45 million euros in Slovakia by April 2025 to expand capacity for new designated projects [1] - In May and June 2025, the company set up subsidiaries in Munich, Germany, and Ingolstadt, Bavaria, to further develop its business in the European market [1] Strategic Initiatives - The company is strategically focusing on robotics, having announced an investment of 100 million yuan to establish a wholly-owned subsidiary named "Changzhou Xinquan Intelligent Robotics Co., Ltd." [1] - Tesla is identified as a core customer, with the company supplying seat back panels and instrument panel assemblies for passenger vehicles, leveraging strong business relationships with Tesla to explore new growth opportunities in robotics [1] Investment Rating - The report initiates coverage with an "Overweight" rating for the company [1]

Core Viewpoint - The company has successfully launched the world's first infrared Automatic Emergency Braking (AEB) system, currently installed in the Zeekr 9X model, and is actively promoting this technology to other car manufacturers and models [2] Group 1 - The infrared AEB system is currently featured in the Zeekr 9X, marking a significant milestone in the company's product offerings [2] - The company is focused on expanding the market presence of its infrared products beyond the Zeekr 9X to other vehicle manufacturers and models [2]

Group 1: Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, focusing on thermal management system solutions [3] - The company has two main development phases: prior to 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into civilian markets [3] - The company operates four R&D centers and has established a national-level enterprise technology center [3] Group 2: Subsidiary Information - Zhengzhou Feilong, established in 2013, has over 480 employees and total assets exceeding 600 million RMB [3] - The subsidiary has production capabilities of 1 million electronic water pumps, 2 million temperature control valves, and 1 million integrated modules annually [3] - Anhui Hangyi Technology, founded in July 2025 with a registered capital of 50 million RMB, focuses on liquid cooling pumps for data centers and charging stations [4] Group 3: Product Applications - The company's products are applicable in various fields including automotive, server liquid cooling, AI liquid cooling, and renewable energy sectors [5] - Current production capacity for engine thermal management products includes 8 million mechanical water pumps and 4.5 million exhaust manifolds [6] - The company has over 120 ongoing R&D projects in both automotive and liquid cooling sectors [7] Group 4: Market Presence and Clients - The company supplies products to over 200 domestic and international clients, including major automotive manufacturers like Chery and Geely [8] - Key overseas clients include BorgWarner, Cummins, and Ford, with over 50 international partnerships [6] - The company has established strong relationships with over 40 leading enterprises in the server liquid cooling sector [9] Group 5: Future Strategy - The company aims to solidify its automotive thermal management business while transitioning to a system solution provider [10] - Plans to expand overseas operations, particularly in Southeast Asia and Central Asia, leveraging its production base in Thailand [10] - The strategy includes extending thermal management technology applications to high-tech fields such as robotics and 5G infrastructure [10]

截至发稿，常熟汽饰市值为56亿元。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 每经AI快讯，常熟汽饰（SH 603035，收盘价：15.21元）12月26日晚间发布公告称，公司第五届第八次 董事会会议于2025年12月26日以通讯表决方式召开。会议审议了《关于向全资子公司 WAYBusinessSolutionsGmbH增资的议案》等文件。 2024年1至12月份，常熟汽饰的营业收入构成为：汽车制造业占比98.61%，其他业务占比1.39%。 （记者 曾健辉） ...

证券之星消息，12月26日汽车零部件板块较上一交易日下跌0.13%，飞龙股份领跌。当日上证指数报收 于3963.68，上涨0.1%。深证成指报收于13603.89，上涨0.54%。汽车零部件板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002537 海联金汇 | | 5.01 Z | 27.71% | -2.44/Z | -13.52% | -2.56 Z | -14.18% | | 301181 标榜股份 | | 6101.01万 | 15.39% | -3376.60万 | -8.52% | -2724.42万 | -6.87% | | 002703 浙江世宝 | | 4093.29万 | 1.30% | -8301.51万 | -2.64% | 4208.21万 | 1.34% | | 603049 中策橡胶 | | 3811.84万 | 17.93% | -1779.34万 | -8. ...

常熟汽饰公告，公司基于战略发展规划及欧洲业务拓展需要，拟以自有资金向全资子公司WAY Business Solutions GmbH增资700万欧元，按当前汇率折算约5783.75万元人民币。增资完成后，公司仍持有 WAYBusiness的100%股权。此次增资有利于降低其资产负债率，保证融资能力，增强抗风险能力，有 助于其更好地发展，符合公司欧洲市场业务发展的需要。 ...

飞龙股份今日下跌7.84%，全天换手率25.33%，成交额43.72亿元，振幅8.79%。龙虎榜数据显示，机构 净买入3577.89万元，营业部席位合计净卖出3.49亿元。 深交所公开信息显示，当日该股因日跌幅偏离值达-8.16%上榜，机构专用席位净买入3577.89万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交9.63亿元，其中，买入成交额为3.25亿 元，卖出成交额为6.38亿元，合计净卖出3.13亿元。 飞龙股份12月26日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 机构专用 | 7332.04 | 8347.35 | | 买二 | 机构专用 | 7148.87 | 6495.75 | | 买三 | 机构专用 | 6801.58 | 2855.19 | | 买四 | 机构专用 | 6629.97 | 6636.28 | | 买五 | 国泰海通证券股份有限公司宁波广福街证券营业部 | 4051.53 | 75.90 | | 卖一 | 开源证券股份有 ...