一个是全球头部消费和科技公司亚马逊掌门人Jeff Bezos贝索斯投资的机器人公司，一个是全球汽车零 部件巨头均胜电子（600699）新设的具身智能子公司，两家公司最近产生了交集，日前在均胜电子机器 人部件新产品发布会上宣布战略合作。 接下来它们会产生怎样的化学反应？ 备受贝索斯看好的AI机器人公司 缘起，是一条穿梭于美国大街小巷的机器狗。这不是普通的电动玩具，而是拥有大小脑和灵活肢体的， 可自主学习进化的，能投用于商业现实场景中的AI四足机器人。 近日，均胜电子旗下的均胜具身智能机器人公司与贝索斯(Jeff Bezos)投资的机器人公司RIVR签约，在 具身智能机器人领域开展战略合作，远期有望广泛应用于物流、城市服务等领域。 这家AI机器人初创公司什么来头？ 资料显示，RIVR是一家总部位于瑞士苏黎世的机器人初创公司，专注开发用于"最后一公里"配送的四 足机器人。公司创始人Marko Bjelonic曾被华盛顿邮报称为机器人领域的"超级碗"。 毋庸置疑，RIVR身后潜在大客户正是投资人贝索斯创立的亚马逊。贝索斯是通过其投资机构Bezos Expeditions参与RIVR的融资，他对AI机器人领域的兴趣在近 ...

中国经济网北京9月24日讯美利信（301307）(301307.SZ)日前发布2025年半年度报告。今年上半年，公 司实现营业收入18.59亿元，同比增长12.41%；归属于上市公司股东的净利润-1.05亿元，上年同期 为-1847.17万元；归属于上市公司股东的扣除非经常性损益的净利润-1.17亿元，上年同期为-2787.22万 元；经营活动产生的现金流量净额6007.84万元，同比减少82.24%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 1,859,207,255,47 | 1,653,901,257.26 | 12. 41% | | 归属于上市公司股东的净利 润(元) | -104,942,926.22 | -18, 471, 680. 04 | -468. 13% | | 归属于上市公司股东的扣除 非经常性损益的净利润 | -117, 235, 053, 69 | -27,872, 200. 33 | -320. 62% | | (元) | | | | | 经营活动产生的现金流量净 | 60, 078 ...

9月24日，万丰奥威涨5.5%，截至发稿，报19.57元/股，成交34.94亿元，换手率8.70%，总市值415.53亿 元。 资料显示，浙江万丰奥威汽轮股份有限公司位于浙江省新昌县工业区，成立日期2001年9月30日，上市 日期2006年11月28日，公司主营业务涉及以"铝合金-镁合金-高强度钢"为主线的汽车金属部件轻量化业 务;集自主研发、设计、制造、销售服务等于一体的专业通用飞机制造业务。主营业务收入构成为：汽 车金属轻量化零部件80.82%，通航飞机制造19.18%。 从基金十大重仓股角度 责任编辑：小浪快报 数据显示，德邦基金旗下1只基金重仓万丰奥威。德邦新兴产业混合发起式A（023674）二季度增持4.15 万股，持有股数8.45万股，占基金净值比例为5.4%，位居第六大重仓股。根据测算，今日浮盈赚取约 8.62万元。 德邦新兴产业混合发起式A（023674）成立日期2025年3月25日，最新规模1305.68万。成立以来收益 10.12%。 德邦新兴产业混合发起式A（023674）基金经理为袁之渿。 截至发稿，袁之渿累计任职时间184天，现任基金资产总规模2487.01万元，任职期间最佳基金回报 ...

Core Viewpoint - The company reported a decline in revenue for the first half of 2025, attributed to intensified industry competition and reduced order deliveries, while net profit showed a significant increase due to cost management and reduced share-based payment expenses [1][2]. Financial Performance - The company achieved operating revenue of 680 million yuan, a year-on-year decrease of 13.2% - The net profit attributable to shareholders was 80.39 million yuan, a year-on-year increase of 30.0% - The net profit after deducting non-recurring items was 83.82 million yuan, a year-on-year decrease of 14.8% [1]. Operational Analysis - The comprehensive gross profit margin was approximately 21.9%, a year-on-year decline of 2.4 percentage points - Sales, management, and R&D expenses all decreased year-on-year, primarily due to reduced share-based payment expenses from the employee stock ownership plan - Total R&D investment was 24.35 million yuan, showing growth year-on-year, indicating continued commitment to technological innovation [1][2]. Business Development - The automotive parts business remains a solid foundation, with ongoing market adaptation and development - The company has optimized its customer structure, covering major domestic and international clients such as Changan Ford, Li Auto, and North American Ford [1][2]. New Projects and Innovations - The company secured multiple new project orders from clients like Changan Ford and Li Auto, with the North American Ford cylinder body project transitioning to mass production - The company is expanding into hybrid power engine core components and electric motor housings, achieving a strong market share in the plug-in hybrid vehicle sector [2]. - Cost reduction and efficiency improvements have been realized through initiatives like a 6MW distributed photovoltaic project and optimized natural gas combustion efficiency [2]. Strategic Acquisitions - The company initiated the acquisition of 99% equity in Anhui Yigao Optoelectronics to establish a dual business model of automotive parts and vacuum coating - Yigao Optoelectronics is a high-tech enterprise in the vacuum coating field, with leading ultra-hard coating technology applicable to high-end consumer electronics [3]. - The strategic layout includes the development of electrochromic coating technology for applications in AR/VR and automotive windows, potentially creating new revenue streams [3]. Sensor Technology Investment - The company is investing in the sensor industry, acquiring a 5% stake in MoXian Technology, a leader in flexible tactile sensors - Future plans include investing in 3-5 additional sensor companies to build a technology matrix focused on high-end sensor applications [3]. Profit Forecast - The company forecasts net profits attributable to shareholders of 205 million yuan, 285 million yuan, and 361 million yuan for 2025-2027, with corresponding EPS of 0.47, 0.65, and 0.82 yuan - The automotive parts business is expected to benefit from increased penetration of new energy vehicles, growing overseas orders, and cost reduction efforts, while the new vacuum coating business and sensor investments are anticipated to contribute positively to future performance [4].

9月24日，上海沿浦盘中上涨2.01%，截至13:58，报46.24元/股，成交1.18亿元，换手率1.23%，总市值 97.63亿元。 资金流向方面，主力资金净流入910.16万元，特大单买入457.55万元，占比3.89%，卖出246.39万元，占 比2.10%；大单买入3419.68万元，占比29.08%，卖出2720.69万元，占比23.14%。 上海沿浦所属申万行业为：汽车-汽车零部件-车身附件及饰件。所属概念板块包括：汽车零部件、华为 汽车、高铁、比亚迪概念、新能源车等。 截至6月30日，上海沿浦股东户数9575.00，较上期增加26.27%；人均流通股22051股，较上期增加 28.14%。2025年1月-6月，上海沿浦实现营业收入9.16亿元，同比减少7.24%；归母净利润7800.40万元， 同比增长25.99%。 分红方面，上海沿浦A股上市后累计派现1.53亿元。近三年，累计派现9465.81万元。 机构持仓方面，截止2025年6月30日，上海沿浦十大流通股东中，富国天惠成长混合(LOF)A/B （161005）位居第六大流通股东，持股450.00万股，相比上期增加69.26万股。国寿安保 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside in the stock price [4][5]. Core Insights - The company has shown significant growth in revenue and net profit, with a year-on-year increase of 14.7% in revenue and 61.3% in net profit for the first half of 2025 [5][6]. - The company is expanding its product offerings in the automotive sector, particularly in the steering gear and air conditioning compressor segments, and is investing over 20 billion RMB in new production lines in Jiangsu and Thailand [5][6]. - The company is well-positioned to benefit from the growing demand in the automotive and robotics industries due to its leading position in the screw rod sector [6]. Summary by Sections Company Overview - The company operates in the automotive industry, focusing on components such as steering gear racks and air conditioning compressors [5]. - As of September 23, 2025, the stock price is 57.93 RMB, with a target price set at 68 RMB [1]. Financial Performance - In the first half of 2025, the company achieved a revenue of 1.11 billion RMB, reflecting a 14.7% increase year-on-year, driven by strong orders in commercial vehicle air conditioning compressors and aluminum lightweighting [6]. - The net profit attributable to the parent company for the same period was 50 million RMB, marking a 61.3% increase year-on-year [6]. Investment Plans - The company plans to invest approximately 18.5 billion RMB in a new factory in Jiangsu for the development of planetary roller screws, with construction expected to be completed by the end of 2025 [6]. - An additional investment of 3.5 billion RMB is planned for a factory in Thailand, which aims to produce 800,000 sets of planetary roller screws annually [6]. Profit Forecast - The profit forecast for the company has been adjusted upwards, with expected net profits of 110 million RMB, 150 million RMB, and 222 million RMB for 2025, 2026, and 2027 respectively, indicating year-on-year growth rates of 55%, 35%, and 48% [6][8].

Investment Rating - The report rates the industry as "Overweight," indicating an expectation that the industry will outperform the overall market [4]. Core Insights - The report highlights a strategic shift for Xingyu Co., Ltd. from domestic new energy vehicle clients to overseas markets, particularly in Europe, with collaborations with major clients like Volkswagen and BMW [4][5]. - Ningbo Huaxiang is extending its automotive parts manufacturing capabilities into the robotics sector, aiming to achieve humanoid robot ODM capabilities within five years [5][6]. - Changshu Automotive Trim is transitioning from joint venture brands to new energy vehicle clients, with a significant portion of revenue now coming from this sector [6]. - Fuda Co., Ltd. is positioned in the robotics field, with a strong demand for its main products and a high certainty of performance growth [6][8]. - Baolong Technology is expected to benefit from new model launches by clients like NIO, with projected profits increasing significantly in the coming years [8]. Summary by Company Xingyu Co., Ltd. - The strategic focus is shifting towards overseas markets, with potential project approvals expected by the end of this year or next [4]. - The penetration of high-end lighting products is anticipated to increase the per-vehicle value significantly, from over 1,000 yuan for standard LED to over 4,000 yuan for HD and up to 10,000 yuan for DLP [4]. Ningbo Huaxiang - The company is leveraging its manufacturing strengths to enter the robotics market, with expected revenue from robot OEM services reaching 20,000 to 30,000 yuan per unit [5]. - After divesting from unprofitable European operations, the net profit for the first half of the year was reported at 600 million yuan, a 26.4% increase year-on-year [5]. Changshu Automotive Trim - The company is transitioning its client base towards new energy vehicles, with 50% of revenue now derived from this segment [6]. - Despite challenges in restoring profit margins due to competition and new factory ramp-up, the company is exploring opportunities in robotics and lightweight materials [6]. Fuda Co., Ltd. - The company is experiencing high demand in its main business areas, with a strong growth outlook in the robotics sector [6]. - Fuda's established production capabilities in key components position it well for future growth and potential revaluation [6]. Baolong Technology - The company is expected to see profit growth driven by new model launches from clients, with projected profits of 440 million yuan this year and 580 million yuan next year [8]. - Baolong's strong foundation in automotive sensors provides a logical pathway for expansion into robotics [8].

Investment Rating - The report suggests a focus on companies with strong growth potential in the automotive and robotics sectors, recommending to pay attention to companies like Xingyu Co., Ningbo Huaxiang, and Fuda Co. due to their strategic shifts and growth prospects [1][4][5][6]. Core Insights - Xingyu Co. is shifting its strategic focus from domestic new energy vehicles to overseas markets, particularly in Europe, with expected project confirmations by the end of this year or next year. The penetration of high-end lighting products is projected to significantly increase the per vehicle value [1][4]. - Ningbo Huaxiang is extending its automotive parts manufacturing into the robotics field, aiming to achieve humanoid robot ODM capabilities within five years. The company has shown a strong profit growth of 26.4% year-on-year, with expectations for further recovery in net profit by 2026 [3][5]. - Changshu Automotive Trim is transitioning from joint venture brands to new energy vehicle clients, with 50% of its revenue now from this sector. However, it faces challenges in restoring profit margins due to increased competition [3][6]. - Fuda Co. is recognized for its strong growth potential in the robotics sector, with a solid demand for its main products and a promising outlook for its business expansion [3][6]. - Baolong Technology is expected to benefit from new model launches by clients like NIO, with projected profits increasing significantly in the coming years, indicating a strong market position [3][7]. Summary by Relevant Sections Company Updates - Xingyu Co. is enhancing collaborations with European clients like Volkswagen and BMW, with expectations for new project confirmations soon. The company’s PE ratio is around 20 times, indicating potential undervaluation [1][4]. - Ningbo Huaxiang is strategically positioning itself in the robotics market, with a projected revenue of 20,000 to 30,000 yuan per robot unit. The company has successfully divested from unprofitable European operations, leading to a net profit of 600 million yuan [3][5]. - Changshu Automotive Trim is experiencing a shift in client base towards new energy vehicles, but faces challenges in profit margin recovery due to competitive pressures [3][6]. - Fuda Co. is noted for its strong demand in the robotics field, with established production capabilities and potential for upward valuation [3][6]. - Baolong Technology is projected to see profit growth driven by new model releases, with a PE ratio below 20 times, suggesting that the market has not fully priced in its growth potential [3][7].

Core Viewpoint - Best's stock price has shown a significant increase of 28.54% year-to-date, despite a recent decline of 5.63% over the last five trading days [1] Group 1: Stock Performance - On September 24, Best's stock rose by 2.05%, reaching 29.32 CNY per share, with a trading volume of 269 million CNY and a turnover rate of 1.98%, resulting in a total market capitalization of 14.676 billion CNY [1] - Year-to-date, Best's stock price has increased by 28.54%, with a 5.63% decline in the last five trading days, a 7.99% increase over the last 20 days, and a 22.32% increase over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Best reported a revenue of 716 million CNY, representing a year-on-year growth of 2.73%, and a net profit attributable to shareholders of 148 million CNY, reflecting a growth of 3.30% [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Best increased to 48,400, up by 6.13%, while the average number of circulating shares per person decreased by 5.77% to 9,728 shares [2] - Best has distributed a total of 455 million CNY in dividends since its A-share listing, with 248 million CNY distributed in the last three years [3] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which reduced its holdings by 3.6178 million shares, and new entrants such as Southern CSI 1000 ETF and Huaxia CSI 1000 ETF [3]

截至2025年9月24日 13:24，沪深300红利低波动指数下跌0.16%。成分股方面涨跌互现，渝农商行领涨 2.18%，福耀玻璃上涨2.11%，云南白药上涨0.88%；浦发银行领跌，华域汽车、农业银行跟跌。300红 利低波ETF(515300)多空胶着。拉长时间看，截至2025年9月23日，300红利低波ETF近1年累计上涨 12.49%。 流动性方面，300红利低波ETF盘中换手2.06%，成交9413.91万元。拉长时间看，截至9月23日，300红 利低波ETF近1月日均成交1.28亿元。 规模方面，300红利低波ETF最新规模达45.70亿元。从资金净流入方面来看，300红利低波ETF近5天获 得连续资金净流入，最高单日获得3197.08万元净流入，合计"吸金"8662.29万元。 截至9月23日，300红利低波ETF近5年净值上涨54.34%，指数股票型基金排名100/1010，居于前9.90%。 从收益能力看，截至2025年9月23日，300红利低波ETF自成立以来，最高单月回报为13.89%，最长连涨 月数为5个月，最长连涨涨幅为14.56%，上涨月份平均收益率为3.57%。截至2025年9月 ...