Core Viewpoint - The company focuses on the research and manufacturing of high-end fluid machinery components and complete equipment, including compressors, vacuum pumps, and hydraulic pumps [1] Company Overview - The precision transmission component business segment was divested in November 2022, and the company is no longer engaged in the production of ball screws [1]

Core Viewpoint - Anhui Yingliu Electromechanical Co., Ltd. announced the issuance of 1.5 billion yuan convertible bonds, which has been approved by the China Securities Regulatory Commission [1] Group 1: Bond Issuance Details - The company plans to issue 1.5 billion yuan of convertible bonds, referred to as "Yingliu Convertible Bonds" with the code "113697" [1] - The preferential subscription date for existing shareholders and payment date is set for September 19, with a preferential subscription ratio of 0.002209 shares per share [1] - The public subscription date for social investors is also on September 19, with a minimum subscription of 1 lot and a maximum of 1000 lots [1] Group 2: Subscription Conditions - If the subscription amount is less than 70% of the issuance quantity, the issuance may be negotiated for suspension [1] - The lead underwriter for this issuance is Huatai United Securities, which will underwrite up to 30% of the remaining amount [1] - Investors can find relevant information on the Shanghai Stock Exchange website [1]

Core Viewpoint - The company is focusing on liquid cooling technology, primarily using cold plate solutions while also advancing research and application of immersion cooling technologies [1] Group 1 - The company is actively responding to market demands and is committed to selecting industry trends that align with its development direction [1] - The company aims to steadily advance its initiatives in the liquid cooling sector [1]

Group 1 - The company Best (300580) announced on September 18 that its wholly-owned subsidiary Yuhua Precision Machinery is fully laying out the linear motion components sector [1] - The product offerings include high-precision ball screw assemblies, high-precision linear guide assemblies, planetary roller screw assemblies, micro screws, and linear actuators [1] - The company aims to vigorously expand into mid-to-high-end equipment manufacturing, automation, humanoid robotics, and intelligent connected vehicles industries [1]

Group 1 - The company has not yet established cooperation with domestic humanoid robot enterprises [1] - The company is focused on the technological development in the robotics field [1] - The company is actively exploring the potential application of dynamic pressure oil film sliding bearings in robotics [1]

Group 1 - The company, Changsheng Bearing (300718.SZ), has established business or technical collaborations with several domestic parties in the robotics industry chain [1] - Some products related to robotics components have achieved small-scale production and sales, although the revenue from these products constitutes a low percentage (less than 1%) of the company's main business revenue [1]

天眼查App显示，近日，广州市振皓机械有限公司成立，注册资本20万人民币，经营范围为国内贸易代 理;技术进出口;货物进出口;通用零部件制造;轴承、齿轮和传动部件制造;齿轮及齿轮减、变速箱制造;金 属切削机床制造;五金产品制造;机械零件、零部件销售;金属切割及焊接设备制造;通用设备制造（不含 特种设备制造）;新能源原动设备制造;机械电气设备制造;电容器及其配套设备制造;气体、液体分离及 纯净设备制造;缝制机械销售;普通机械设备安装服务;机械零件、零部件加工;气压动力机械及元件制造; 液压动力机械及元件制造;物料搬运装备制造;专用设备修理;通用设备修理;铸造机械制造;包装专用设备 制造;金属加工机械制造;缝制机械制造;洗涤机械制造;环境保护专用设备制造;皮革、毛皮及其制品加工 专用设备制造;橡胶加工专用设备制造;塑料加工专用设备制造;农副食品加工专用设备制造;制浆和造纸 专用设备制造;纺织专用设备制造;日用化工专用设备制造;电子元器件与机电组件设备制造;玻璃、陶瓷 和搪瓷制品生产专用设备制造;食品、酒、饮料及茶生产专用设备制造;饲料生产专用设备制造;制药专用 设备制造;专用设备制造（不含许可类专业设备制造）。 ...

Group 1 - The core point of the news is that Fengli Intelligent experienced a decline of 5.01% in its stock price, reaching 78.00 CNY per share, with a trading volume of 1.076 billion CNY and a turnover rate of 20.77%, resulting in a total market capitalization of 9.368 billion CNY [1] - Fengli Intelligent, established on April 23, 1995, and listed on December 15, 2022, is located in Taizhou, Zhejiang Province. The company specializes in the research, production, and sales of small modulus gears, gearboxes, and related precision machinery [1] - The main business revenue composition of Fengli Intelligent includes: gears 42.87%, precision reducers (harmonic reducers) and components 28.20%, pneumatic tools and components 23.22%, new energy transmission 4.39%, and others 1.33% [1] Group 2 - From the perspective of the top ten circulating shareholders of Fengli Intelligent, E Fund's ETF, the E Fund National Robot Industry ETF (159530), entered the top ten circulating shareholders in the second quarter, holding 372,800 shares, which accounts for 0.58% of the circulating shares. The estimated floating loss today is approximately 1.5322 million CNY [2] - The E Fund National Robot Industry ETF (159530) was established on January 10, 2024, with a latest scale of 1.654 billion CNY. Year-to-date returns are 47.83%, ranking 585 out of 4222 in its category; the one-year return is 111.91%, ranking 268 out of 3804; and since inception, the return is 71.5% [2] Group 3 - The fund managers of the E Fund National Robot Industry ETF (159530) are Li Shujian and Li Xu. As of the report, Li Shujian has a cumulative tenure of 2 years and 11 days, with a total fund asset size of 4.497 billion CNY, achieving a best fund return of 99.01% and a worst fund return of 2.17% during his tenure [3] - Li Xu has a cumulative tenure of 2 years and 298 days, with a total fund asset size of 7.796 billion CNY, achieving a best fund return of 129.48% and a worst fund return of 9.66% during his tenure [3]

Company Overview - Hongsheng Co., Ltd. experienced a decline of 5.12% on September 18, with a stock price of 42.79 yuan per share and a total market capitalization of 4.279 billion yuan [1] - The company, established on December 25, 2000, and listed on August 31, 2016, is located in Wuxi, Jiangsu Province, and specializes in the research, design, production, and sales of aluminum plate-fin heat exchangers, cryogenic equipment, and related products [1] - The revenue composition of the company includes: heat exchangers 90.46%, lithium battery PACK 4.64%, others 2.88%, thermal management systems 1.82%, and cryogenic equipment 0.20% [1] Shareholder Information - Noan Fund's Noan Multi-Strategy Mixed A (320016) entered the top ten circulating shareholders of Hongsheng Co., Ltd. in the second quarter, holding 433,000 shares, which is 0.43% of the circulating shares [2] - The estimated floating loss for Noan Multi-Strategy Mixed A today is approximately 1 million yuan [2] - The fund was established on August 9, 2011, with a latest scale of 1.399 billion yuan, and has achieved a year-to-date return of 62.95%, ranking 453 out of 8,172 in its category [2] Fund Manager Performance - The fund manager of Noan Multi-Strategy Mixed A is Kong Xianzheng, who has been in the position for 4 years and 297 days, with a total fund asset size of 4.607 billion yuan and a best return of 77.74% during his tenure [3] - Wang Haichang, the co-manager, has been in the role for 3 years and 59 days, managing assets of 2.529 billion yuan, with a best return of 65.23% during his tenure [3]

Core Insights - The company, Ruide Zhichui, experienced a slight decline in stock price by 0.21% on September 17, with a trading volume of 183 million yuan [1] - As of September 17, the financing balance for Ruide Zhichui was 229 million yuan, accounting for 6.96% of its market capitalization, indicating a low financing level compared to the past year [1] - The company reported a revenue of 317 million yuan for the first half of 2025, reflecting a year-on-year growth of 7.34% [2] Financing and Trading Activity - On September 17, Ruide Zhichui had a financing buy amount of 14.56 million yuan and a financing repayment of 25.96 million yuan, resulting in a net financing outflow of 11.41 million yuan [1] - The company had no short selling activity on September 17, with a short selling balance of 0 shares, indicating a high level of short selling compared to the past year [1] Company Overview - Ruide Zhichui, established on February 6, 2009, is located in Chengdu, Sichuan Province, and specializes in the R&D, production, and sales of key components for automation equipment transmission and braking systems [1] - The main revenue sources for the company include electromagnetic brakes (57.39%), precision transmission parts (30.26%), and harmonic reducers (5.42%) [1] Shareholder and Dividend Information - As of July 31, the number of shareholders for Ruide Zhichui was 10,300, a decrease of 1.57% from the previous period [2] - The company has distributed a total of 61.73 million yuan in dividends since its A-share listing [3]