Group 1 - The core viewpoint of the news is that Del Shares has seen a significant increase in stock price and trading volume, indicating positive market sentiment towards the company [1] - As of September 4, Del Shares' stock price rose by 5.12% to 34.10 yuan per share, with a trading volume of 3.23 billion yuan and a turnover rate of 6.39%, resulting in a total market capitalization of 5.148 billion yuan [1] - Del Shares specializes in the research, production, and sales of automotive components, including steering pumps, gear pumps, automatic transmission oil pumps, electric power steering systems (EPS) motors, hydraulic pumps, and keyless entry and start systems [1] Group 2 - From the perspective of major shareholders, a fund under AVIC Fund ranks among the top ten circulating shareholders of Del Shares, having newly entered the list in the second quarter with 1.0319 million shares, accounting for 0.69% of circulating shares [2] - The AVIC New Start Flexible Allocation Mixed A Fund (005537) has achieved a year-to-date return of 67.5%, ranking 280 out of 8180 in its category, and a one-year return of 86.1%, ranking 565 out of 7978 [2] - The fund manager, Han Hao, has been in position for 7 years and 267 days, with the fund's total asset size at 1.788 billion yuan and a best return of 205.46% during his tenure [3] Group 3 - The AVIC New Start Flexible Allocation Mixed A Fund (005537) increased its holdings in Del Shares by 676,900 shares in the second quarter, bringing its total to 1.0319 million shares, which constitutes 7.32% of the fund's net value, making it the sixth-largest holding [4] - The fund has generated an estimated floating profit of approximately 1.713 million yuan from its investment in Del Shares [4]

Company Overview - Longsheng Technology Co., Ltd. is located at 99 Zhujiang Road, Xinwu District, Wuxi City, established on June 16, 2004, and listed on July 25, 2017. The company specializes in engine exhaust gas recirculation (EGR) systems, new energy, and precision components [1][2]. Financial Performance - For the first half of 2025, Longsheng Technology achieved a revenue of 1.224 billion yuan, representing a year-on-year growth of 15.44%. The net profit attributable to shareholders was 105 million yuan, with a year-on-year increase of 1.38% [2]. - Since its A-share listing, the company has distributed a total of 177 million yuan in dividends, with 114 million yuan distributed over the past three years [3]. Stock Performance - As of September 4, Longsheng Technology's stock price was 44.47 yuan per share, with a market capitalization of 10.127 billion yuan. The stock has increased by 87.13% year-to-date, with a 4.12% rise over the last five trading days [1]. - The stock's trading volume on September 4 was 272 million yuan, with a turnover rate of 3.40% [1]. Shareholder Structure - As of July 10, the number of shareholders for Longsheng Technology was 22,500, a decrease of 1.15% from the previous period. The average number of circulating shares per person increased by 1.17% to 7,944 shares [2]. - The top ten circulating shareholders include notable funds such as Penghua Carbon Neutral Theme Mixed A and Yongying Advanced Manufacturing Selected Mixed Fund, with significant increases in their holdings [3].

Company Overview - Aikodi Co., Ltd. is located at 588 Jinshan Road, Jiangbei District, Ningbo City, Zhejiang Province, established on December 8, 2003, and listed on November 17, 2017. The company specializes in the research, production, and sales of automotive aluminum alloy precision die-casting parts [1] - The main business revenue composition is as follows: automotive sector 94.40%, other (supplementary) 3.53%, and industrial sector 2.07% [1] Financial Performance - As of June 30, 2025, Aikodi achieved operating revenue of 3.45 billion yuan, representing a year-on-year growth of 6.16%. The net profit attributable to shareholders was 573 million yuan, reflecting a year-on-year increase of 27.42% [2] - Cumulative cash dividends since Aikodi's A-share listing amount to 1.774 billion yuan, with 782 million yuan distributed over the past three years [3] Stock Market Activity - On September 4, Aikodi's stock price decreased by 2.01%, trading at 18.50 yuan per share, with a total market capitalization of 18.225 billion yuan [1] - Year-to-date, Aikodi's stock price has increased by 15.62%, with a decline of 5.37% over the last five trading days and a 0.22% decrease over the last 20 days. However, it has risen by 22.84% over the past 60 days [1] - As of June 30, 2025, the number of shareholders increased to 33,600, with an average of 29,109 circulating shares per person, a decrease of 0.55% from the previous period [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders of Aikodi [3]

Group 1 - The stock of Zhejiang Yinlun Machinery Co., Ltd. (Yinlun) fell by 5.14% on September 4, closing at 34.15 CNY per share, with a trading volume of 712 million CNY and a turnover rate of 2.59%, resulting in a total market capitalization of 28.508 billion CNY [1] - Yinlun specializes in the research, production, and sales of heat exchangers for oil, water, gas, and refrigerants, as well as automotive air conditioning and related exhaust after-treatment systems [1] Group 2 - Manulife Fund has a significant holding in Yinlun, with its Manulife Efficient Selection Mixed Fund (LOF) (162207) increasing its stake by 57,400 shares in the second quarter, bringing its total holdings to 690,800 shares, which represents 4.33% of the fund's net value, making it the ninth largest holding [2] - The Manulife Efficient Selection Mixed Fund (LOF) (162207) was established on May 12, 2006, with a current size of 387 million CNY, achieving a year-to-date return of 8.68% and a one-year return of 26.55% [2]

Company Overview - Jiangsu Southern Precision Engineering Co., Ltd. is located in Wujin High-tech Development Zone, Changzhou, Jiangsu Province, and was established on May 8, 1998. The company was listed on February 25, 2011. Its main business involves the research, development, manufacturing, and sales of needle roller bearings, overrunning clutches, and one-way pulley assemblies, primarily used in the automotive, motorcycle, electric tool, and other industrial sectors [1]. Stock Performance - As of September 4, Southern Precision's stock price decreased by 2.03%, trading at 29.98 CNY per share, with a total market capitalization of 10.433 billion CNY. The stock has seen a year-to-date increase of 134.95%, but has dropped 17.36% in the last five trading days [1]. - The company has appeared on the daily trading leaderboard 28 times this year, with the most recent appearance on August 28, where it recorded a net buy of -590.04 million CNY [1]. Financial Performance - For the first half of 2025, Southern Precision reported a revenue of 414 million CNY, representing a year-on-year growth of 13.92%. The net profit attributable to shareholders was 229 million CNY, showing a significant increase of 32,852.69% compared to the previous year [2]. - The company has distributed a total of 613 million CNY in dividends since its A-share listing, with 139 million CNY distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Southern Precision was 93,700, a decrease of 21.30% from the previous period. The average number of circulating shares per shareholder increased by 27.06% to 2,675 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 1.3883 million shares as a new shareholder [3]. Industry Classification - Southern Precision belongs to the automotive industry, specifically in the automotive parts sector, focusing on chassis and engine systems. The company is also associated with concepts such as smart speakers, artificial intelligence, wireless headphones, and automotive electronics [2].

Group 1 - The core viewpoint of the report is that Guosen Securities has given Blue Dai Technology (002765.SZ) an outperform rating due to stable cost control and continuous recovery in profitability [1] - The company's main business is experiencing sustained growth, and its new energy sector is expanding rapidly [1] Group 2 - The report highlights that the company's profitability is showing a continuous improvement on a month-on-month basis [1] - There are risks associated with fluctuations in raw material prices, changes in the international and economic environment, and pressure on demand in the automotive industry [1]

Core Viewpoint - The stock of Precision Forging Technology has experienced fluctuations, with a recent decline of 2.06% and a year-to-date increase of 55.79% [1][2]. Group 1: Stock Performance - As of September 4, the stock price was 13.82 CNY per share, with a market capitalization of 8.085 billion CNY [1]. - The stock has seen a trading volume of 1.51 billion CNY, with a turnover rate of 1.88% [1]. - Year-to-date, the stock has increased by 55.79%, but has seen a slight decline of 0.07% over the last five trading days and a 4.09% decrease over the last 20 days [1]. Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 987 million CNY, a decrease of 2.00% year-on-year [2]. - The net profit attributable to shareholders was 60.599 million CNY, reflecting a significant decline of 35.23% compared to the previous year [2]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased to 33,700, up by 11.35% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 6.79% to 15,351 shares [2]. - The company has distributed a total of 604 million CNY in dividends since its A-share listing, with 181 million CNY distributed in the last three years [3].

Core Viewpoint - Huayu Automotive's stock has experienced fluctuations, with a recent decline of 2.02% and a total market capitalization of 64.253 billion yuan. The company has shown a year-to-date stock price increase of 21.24% [1] Financial Performance - For the first half of 2025, Huayu Automotive reported a revenue of 84.676 billion yuan, representing a year-on-year growth of 9.55%. The net profit attributable to shareholders was 2.883 billion yuan, with a slight increase of 0.72% compared to the previous year [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Huayu Automotive was 55,600, a decrease of 9.20% from the previous period. The average circulating shares per person increased by 10.13% to 56,735 shares [2] Dividend Distribution - Huayu Automotive has cumulatively distributed dividends of 33.773 billion yuan since its A-share listing, with 7.661 billion yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, significant institutional shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 23.7225 million shares, and Dachen Gaoxin Stock A, which added 7.6521 million shares [3]

Investment Rating - The report maintains an "Outperform the Market" rating for Fuda Co., Ltd. [4][6][20] Core Views - Fuda Co., Ltd. has shown stable growth in its main business areas, including crankshafts and gears, while also expanding its robotics segment, particularly in planetary gear reducers and screw drives [4][20] - The company achieved a revenue of 940 million yuan in the first half of 2025, representing a year-on-year increase of 30.3%, and a net profit of 146 million yuan, up 98.8% year-on-year [9][18] - The report highlights the successful development and mass production of new products in the hybrid crankshaft and electric drive gear sectors, indicating strong demand from major clients [2][20] Financial Performance Summary - In Q2 2025, Fuda Co., Ltd. reported a revenue of 466 million yuan, a year-on-year increase of 16.8%, and a net profit of 81 million yuan, up 93.3% year-on-year [9][18] - The gross margin for Q2 2025 was 28.5%, an increase of 4.9 percentage points year-on-year, reflecting improved profitability driven by scale effects and cost control measures [13][18] - The company forecasts net profits of 300 million, 390 million, and 490 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 0.47, 0.60, and 0.76 yuan [4][5][20] Business Development Summary - Fuda Co., Ltd. has accelerated its product development in the hybrid crankshaft sector, completing nine new product developments for clients such as Li Auto and BYD [2][20] - The robotics division is advancing with multiple product models in the planetary gear reducer business, with one product entering small batch delivery and two in sample testing [3][18] - The company has successfully established a high-precision production line for planetary screw drives, significantly enhancing its production capacity [3][18]

Core Viewpoint - Del Corporation hosted a specific investor survey on September 3, 2025, where it discussed its operational performance, growth drivers, and competitive advantages in the automotive parts industry [1] Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 2,441.10 million yuan, representing a year-on-year growth of 6.72% [1] - The net profit attributable to shareholders reached 50.87 million yuan, showing a significant year-on-year increase of 178.09% [1] Group 2: Growth Drivers - The revenue growth was primarily driven by a 74.1% increase in revenue from new energy vehicle products, which improved the overall revenue structure [1] - Continuous cost reduction and efficiency enhancement measures led to a decrease in expense ratios, thereby improving profitability [1] Group 3: Competitive Advantages - The company has a global production layout that allows for localized production and sales, enabling quick responses to the needs of various automotive manufacturers [1] - Established partnerships with renowned clients such as Mercedes-Benz and BMW enhance its strategic position in the market [1] - The company has multiple R&D centers worldwide, including a state-of-the-art facility in Shanghai, which supports customized product development [1] Group 4: Solid-State Battery Technology - The company focuses on oxide electrolyte technology for solid-state batteries, which has high safety standards and has passed various third-party tests [1] - The solid-state batteries exhibit excellent high-temperature performance and are designed to operate continuously under elevated temperatures [1] - The manufacturing process avoids flammable materials, ensuring safety from the material level, and the oxide electrolyte provides high chemical and mechanical stability [1] Group 5: Future Plans - The company is advancing its solid-state battery pilot line project and plans to initiate mass production based on customer and market demand after successful pilot testing [1]