（原标题：多利科技(001311.SZ)：目前金华生产基地主要为零跑汽车C10等车型生产配套汽车零部件产 品） 格隆汇9月19日丨多利科技(001311.SZ)在投资者互动平台表示，公司前期在金华市经济技术开发区投资 建设的汽车车身一体化结构件项目，正按照预定计划进行投资建设。公司目前在金华的生产基地主要为 客户零跑汽车的C10、C16等车型生产配套汽车零部件产品。公司也在积极拓展新客户、新产品。 ...

Market Performance - The three major A-share indices experienced slight declines in the afternoon, with the Shanghai Composite Index down by 0.3%, the Shenzhen Component down by 0.04%, and the ChiNext Index down by 0.16% [1] - The total market turnover for the half-day was approximately 2.35 trillion yuan [1] Sector Performance - Strong performance was observed in sectors such as photolithography machines, optical communications, and storage chips, with companies like WaveOptics, Dekor, Tengjing Technology, and Jiangbolong reaching historical highs [1] - The restaurant and tourism sector saw gains in the afternoon, with Yunnan Tourism achieving three consecutive trading limits and Qujiang Cultural Tourism achieving two consecutive trading limits [1] - Real estate stocks showed unusual activity, with Dalong Real Estate and Shahe Shares hitting the daily limit [1] - Other sectors that performed well included engineering machinery, coal, energy equipment, and gas [1] - The robotics sector experienced a majority of declines, with stocks like Wanxiang Qianchao and Wolong Electric Drive hitting the daily limit down [1] - The automotive parts and diversified finance sectors showed weak performance, with several high-position stocks adjusting, including Shanghai Construction and Shoukai Shares hitting the daily limit down [1]

格隆汇9月19日丨科力装备(301552.SZ)在互动平台表示，公司作为二级供应商有多种产品应用于小米汽 车，包括公司独有的抗VOC污染吸光涂层技术，已量产小米YU7，小米SU7正在切换，新定点大众、吉 利、奇瑞项目。该技术成功解决了汽车辅助驾驶摄像头区域VOC污染的行业痛点问题，为该问题提供 了全新的技术解决方案，技术指标行业领先。随着新能源汽车渗透率的提升，公司在辅助驾驶领域的新 技术有望进一步普及。 ...

| 投资者关系活动 | □特定对象调研 □ 分析师会议 | | --- | --- | | 类别 □ | 媒体采访 □业绩说明会 | | □ | 新闻发布会 路演活动 √ | | □ | 现场参观 其他 （请文字说明其他活动内容） □ | | 参与单位名称及 | 邰桂龙 西南证券 | | 人员姓名 | 张越 开源证券 | | | 安家正 中信证券 | | | 徐凡 财通证券 | | | 刘珺涵 交银施罗德 | | | 陈威 汇添富基金 | | | 张璐 永赢基金 | | | 闫思倩 鹏华基金 | | | 陈思宇 富国基金 | | 时间 | 2025 年 9 月 18 日 | | 地点 | 上海 | | 上市公司接待人 | 1、陆灿 | | 员姓名 | 2、副总经理、董事会秘书：佘砚 | | | 3、良质关节总经理：方涛 根据投资者的问题汇总后整理如下： | | | 1、家电零部件业务发展情况 家电零部件业务为公司主要业务，主要产品以电磁阀为技术 | | 投资者关系活动 | 核心向其他产品进行技术延伸，形成以电磁阀、微型电机、电子 | | 主要内容介绍 | 水泵为技术包向下游客户提供相适应的产品品类，核心产品为 ...

Core Viewpoint - Tianpu Co., Ltd. has recently experienced a remarkable 13 consecutive trading limit increase, capturing significant attention in the A-share market, driven by the AI chip concept and a change in control [1][3][4]. Group 1: Factors Driving Stock Price Surge - The surge in Tianpu's stock price is significantly attributed to the strong backing of the AI chip concept, particularly following the entry of Zhonghao Xinying, which revitalized the company [3]. - Zhonghao Xinying has shown substantial growth in revenue, increasing from 81.69 million yuan in 2022 to 598 million yuan in 2024, indicating strong development potential [3]. - The rapid advancement of AI technology has led to an explosive demand for AI chips across various sectors, positioning Tianpu favorably in the market [3]. Group 2: Control Change and Capital Operations - The recent change in control, where the original controlling shareholder transferred control to Zhonghao Xinying, is a significant event for Tianpu, impacting its future development [4]. - Zhonghao Xinying now controls 68.29% of the shares, providing a stable foundation for strategic decision-making, with a commitment to not transfer shares for 36 months [4][5]. - The capital injection of approximately 2.124 billion yuan, including 850 million yuan in low-interest loans, enhances Tianpu's financial strength for business expansion and R&D [5]. Group 3: Market Dynamics and Sector Linkage - The influx of market funds has been crucial for Tianpu's stock price increase, with significant net inflows from major funds indicating strong market interest [6]. - The automotive thermal management sector's performance has also positively influenced Tianpu's stock, as the demand for related components rises with the growth of the new energy vehicle market [6]. Group 4: Company Fundamentals and Challenges - Tianpu has faced challenges in its financial performance, with a reported revenue of 242 million yuan in Q3 2024, a year-on-year decline of 5.19%, and a net profit drop of 21.07% [7]. - The company’s reliance on traditional automotive components has made it vulnerable to market shifts, as the demand for traditional fuel vehicle parts decreases [7][9]. - Increased accounts receivable and longer collection cycles have pressured Tianpu's profitability, highlighting internal financial challenges [7]. Group 5: Industry Competition and Transformation - The automotive parts industry is becoming increasingly competitive, with many new entrants, making it difficult for Tianpu to expand its market share [8]. - The global automotive industry is rapidly transitioning towards electrification and intelligence, posing new challenges for traditional parts manufacturers like Tianpu [9]. - If Tianpu fails to adapt its product offerings to meet the evolving demands of the new energy vehicle market, it risks losing its competitive edge [9].

Investment Rating - The investment rating for the company is "Buy" with an upgrade noted in the report [10]. Core Viewpoints - The company, Beite Technology, is a leading domestic automotive parts manufacturer with strong technical accumulation in components such as compressors, steering gear racks, and shock absorber piston rods. The growth in the new energy vehicle market is expected to drive steady growth in the company's automotive parts business, with an anticipated increase in market share. Additionally, the company has strategically developed various screw products in the metal precision processing field, which is expected to become a second growth curve for the company, benefiting from the development wave of humanoid robots [3][6][8]. Summary by Sections Company Overview - Beite Technology has established technical barriers in the research and production of automotive chassis components, particularly in steering gear racks and shock absorber piston rods. The company has a rich product structure and maintains a leading position in segmented markets. Its main business includes three segments: chassis components, aluminum alloy lightweight products, and air conditioning compressors. The company is actively expanding into new business areas, including the establishment of subsidiaries focused on humanoid robot core components [6][17][19]. Market Demand and Growth - The company's main business in automotive parts is expected to grow due to the increasing market demand for new energy vehicle components. The company is enhancing its competitive advantage by collaborating with steel manufacturers to expand its product offerings. The demand for lightweight vehicles is becoming increasingly urgent as the penetration rate of new energy vehicles rises. The company is positioned to accelerate growth in its aluminum alloy business as production capacity comes online [7][48]. Humanoid Robot Industry - The humanoid robot market is poised for significant growth, with various manufacturers expected to ramp up production by 2025. The company has strategically positioned itself in the production of planetary roller screws, which are critical components for humanoid robots. The report anticipates that the company will achieve net profits of 117 million and 155 million yuan in 2025 and 2026, respectively, corresponding to PE ratios of 166 and 125 times [8][73]. Financial Performance - The company has demonstrated steady revenue growth, with a projected revenue of 2.024 billion yuan in 2024, reflecting a year-on-year increase of 7.57%. In the first half of 2025, the company reported total revenue of 1.113 billion yuan, a year-on-year increase of 14.71%. The net profit attributable to the parent company is expected to reach 71 million yuan in 2024, up 40.43% year-on-year, and 55 million yuan in the first half of 2025, up 45.14% year-on-year [27][29][68]. Competitive Position - The company has a stable shareholding structure, with the actual controller holding a significant portion of shares, ensuring stability in management. The company has also been expanding its overseas business, with export revenue accounting for 6.9% of total revenue in 2024, indicating a growing international presence [39][35]. Product Segmentation - The company's product revenue structure is diversified, with automotive chassis components accounting for 64.16%, air conditioning compressors 27.53%, and aluminum alloy lightweight products 8.31%. The company is focusing on enhancing its product offerings and expanding its market share in these segments [20][24].

永赢低碳环保智选混合发起A（016386）成立日期2022年10月17日，最新规模1.77亿。今年以来收益 8.24%，同类排名6011/8172；近一年收益65.12%，同类排名2005/7980；成立以来亏损9.53%。 永赢低碳环保智选混合发起A（016386）基金经理为胡泽。 9月19日，天成自控跌5.03%，截至发稿，报10.38元/股，成交1.29亿元，换手率3.08%，总市值41.22亿 元。 截至发稿，胡泽累计任职时间2年108天，现任基金资产总规模26.39亿元，任职期间最佳基金回报 129.08%， 任职期间最差基金回报9.43%。 资料显示，浙江天成自控股份有限公司位于浙江省天台县西工业区，成立日期2000年1月21日，上市日 期2015年6月30日，公司主营业务涉及乘用车座椅、航空座椅、工程机械与商用车座椅、儿童安全座椅 的研发设计、生产和销售。主营业务收入构成为：车辆座椅及配件85.92%，航空座椅及配件12.26%， 其他1.82%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等 ...

Group 1 - Best's stock price decreased by 5.04% to 29.01 CNY per share, with a trading volume of 555 million CNY and a turnover rate of 3.99%, resulting in a total market capitalization of 14.52 billion CNY [1] - Best is primarily engaged in the research, production, and sales of precision components and intelligent equipment, with automotive parts accounting for 93.11% of its main business revenue [1] - The company was established on April 16, 1997, and went public on January 11, 2017 [1] Group 2 - E Fund's ETF, the E Fund National Robot Industry ETF (159530), entered the top ten circulating shareholders of Best, holding 1.1667 million shares, which is 0.25% of the circulating shares, with an estimated floating loss of approximately 1.7967 million CNY [2] - The E Fund National Robot Industry ETF was established on January 10, 2024, with a latest scale of 1.654 billion CNY, achieving a year-to-date return of 46.64% and a one-year return of 109.48% [2] Group 3 - The fund managers of the E Fund National Robot Industry ETF are Li Shujian and Li Xu, with total fund assets of 4.497 billion CNY and 7.796 billion CNY respectively [3] - Li Shujian has a tenure of 2 years and 12 days, with the best fund return of 99.01% during his tenure, while Li Xu has a tenure of 2 years and 299 days, achieving a best fund return of 129.48% [3]

Group 1 - Best's stock price decreased by 5.04% on September 19, closing at 29.01 CNY per share, with a trading volume of 555 million CNY and a turnover rate of 3.99%, resulting in a total market capitalization of 14.52 billion CNY [1] - Best is located in Wuxi, Jiangsu Province, and was established on April 16, 1997, with its IPO on January 11, 2017. The company specializes in the research, production, and sales of precision components and intelligent equipment [1] - The revenue composition of Best includes 93.11% from automotive parts, 3.51% from intelligent equipment and tooling, 2.84% from other income, and 0.54% from other components [1] Group 2 - One fund under China Merchants Fund holds a significant position in Best, specifically the China Merchants Fengying Active Allocation Mixed A fund (009362), which held 656,100 shares as of the second quarter, accounting for 1.82% of the fund's net value, making it the sixth-largest holding [2] - The China Merchants Fengying Active Allocation Mixed A fund was established on July 29, 2020, with a current size of 686 million CNY. Year-to-date, it has returned 26.72%, ranking 3341 out of 8172 in its category, and has a one-year return of 61.34%, ranking 2223 out of 7980 [2] Group 3 - The fund manager of China Merchants Fengying Active Allocation Mixed A is Wen Zhongyang, who has been in the position for 5 years and 124 days, with a total fund size of 1.226 billion CNY and a best return of 55.08% during his tenure [3] - Co-manager Guo Rui has been in the role for 13 years and 75 days, managing a total fund size of 3.34 billion CNY, achieving a best return of 122.63% during his tenure [3]

9月19日，腾龙股份跌5.02%，截至发稿，报11.36元/股，成交7.68亿元，换手率13.52%，总市值55.75亿 元。 金元顺安行业精选混合A（014659）基金经理为闵杭。 资料显示，常州腾龙汽车零部件股份有限公司位于江苏武进经济开发区腾龙路15号，成立日期2005年5 月26日，上市日期2015年3月20日，公司主营业务涉及汽车热交换系统管路产品的研发、生产和销售。 主营业务收入构成为：汽车热管理系统零部件64.89%，EGR系统及传感器19.20%，汽车用橡塑类零部 件15.91%。 从基金十大重仓股角度 数据显示，金元顺安基金旗下1只基金重仓腾龙股份。金元顺安行业精选混合A（014659）二季度持有 股数23.71万股，占基金净值比例为3.47%，位居第九大重仓股。根据测算，今日浮亏损失约14.23万 元。 金元顺安行业精选混合A（014659）成立日期2022年5月10日，最新规模19.31万。今年以来收益 6.35%，同类排名6385/8172；近一年收益21.68%，同类排名5847/7980；成立以来亏损17.49%。 截至发稿，闵杭累计任职时间9年342天，现任基金资产总规模3.46 ...