Core Points - The stock price of Alter rose by 2.17% on November 28, reaching 10.38 CNY per share, with a trading volume of 18.23 million CNY and a market capitalization of 5.17 billion CNY [1] - The company has experienced a year-to-date stock price decline of 8.14%, with a 3.80% increase over the last five trading days, a 9.27% decrease over the last 20 days, and a 17.49% decline over the last 60 days [1] - The main business of Alter includes the design of fuel and new energy vehicles, with revenue composition being 87.68% from new energy vehicle design, 11.73% from fuel vehicle design, and 0.59% from other services [1] Financial Performance - As of September 30, 2025, Alter reported a revenue of 736 million CNY, representing a year-on-year growth of 19.30%, while the net profit attributable to shareholders was -151 million CNY, a significant decrease of 12,246.62% year-on-year [2] - The number of shareholders increased to 31,500, up by 6.69%, while the average circulating shares per person decreased by 6.27% to 15,400 shares [2] Shareholder Information - As of September 30, 2025, Hong Kong Central Clearing Limited and the China Europe Innovation Theme Mixed Fund (LOF) A (501081) have exited the list of the top ten circulating shareholders [2]

Core Viewpoint - The stock of Alter Automotive Technology Co., Ltd. has shown fluctuations, with a recent increase of 2.03% in price, but a year-to-date decline of 6.64% [1][2]. Group 1: Stock Performance - As of November 26, Alter's stock price reached 10.55 CNY per share, with a market capitalization of 5.254 billion CNY [1]. - The stock has experienced a 1.83% increase over the last five trading days, but a decline of 8.34% over the last 20 days and 21.15% over the last 60 days [1]. - The net inflow of main funds was 1.6632 million CNY, with large orders accounting for 28.76% of purchases [1]. Group 2: Financial Performance - For the period from January to September 2025, Alter reported a revenue of 736 million CNY, reflecting a year-on-year growth of 19.30% [2]. - The net profit attributable to shareholders was -151 million CNY, indicating a significant year-on-year decrease of 12,246.62% [2]. Group 3: Company Overview - Alter was established on May 23, 2007, and went public on March 27, 2020, focusing on the design of fuel and new energy vehicles [1]. - The company's main business revenue composition includes 87.68% from new energy vehicle design, 11.73% from fuel vehicle design, and 0.59% from other services [1]. - Alter is categorized under the automotive services sector, with concepts including data elements, digital twins, AI, autonomous driving, and robotics [1]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 31,500, a rise of 6.69% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 6.27% to 15,400 shares [2]. - Notably, Hong Kong Central Clearing Limited and the China Europe Innovation Theme Mixed Fund (LOF) A have exited the top ten circulating shareholders [2].

截至9月30日，阿尔特股东户数3.15万，较上期增加6.69%；人均流通股15400股，较上期减少6.27%。 2025年1月-9月，阿尔特实现营业收入7.36亿元，同比增长19.30%；归母净利润-1.51亿元，同比减少 12246.62%。 机构持仓方面，截止2025年9月30日，阿尔特十大流通股东中，香港中央结算有限公司、中欧科创主题 混合(LOF)A（501081）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，阿尔特汽车技术股份有限公司位于北京市北京经济技术开发区凉水河二街7号院，成立日期 2007年5月23日，上市日期2020年3月27日，公司主营业务涉及燃油汽车和新能源汽车的整车设计及其他 汽车行业相关的技术服务。主营业务收入构成为：新能源汽车整车设计87.68%，燃油汽车整车设计 11.73%，其他(补充)0.59%。 阿尔特所属申万行业为：汽车-汽车服务-汽车综合服务。所属概念板块包括：数据要素、智谱AI概念、 数字孪生、机器人概念、无人驾驶等。 11月25日，阿尔特盘中上涨2.04%，截至10:54，报10.50元/股，成交3026.49万元，换手率0.60%，总市 值52.29亿元 ...

11月24日，阿尔特盘中上涨2.00%，截至10:47，报10.20元/股，成交2627.88万元，换手率0.54%，总市 值50.80亿元。 资金流向方面，主力资金净流出205.97万元，大单买入300.30万元，占比11.43%，卖出506.27万元，占 比19.27%。 截至9月30日，阿尔特股东户数3.15万，较上期增加6.69%；人均流通股15400股，较上期减少6.27%。 2025年1月-9月，阿尔特实现营业收入7.36亿元，同比增长19.30%；归母净利润-1.51亿元，同比减少 12246.62%。 阿尔特今年以来股价跌9.73%，近5个交易日跌4.05%，近20日跌6.42%，近60日跌18.33%。 资料显示，阿尔特汽车技术股份有限公司位于北京市北京经济技术开发区凉水河二街7号院，成立日期 2007年5月23日，上市日期2020年3月27日，公司主营业务涉及燃油汽车和新能源汽车的整车设计及其他 汽车行业相关的技术服务。主营业务收入构成为：新能源汽车整车设计87.68%，燃油汽车整车设计 11.73%，其他(补充)0.59%。 阿尔特所属申万行业为：汽车-汽车服务-汽车综合服务。所属概念板 ...

资金流向方面，主力资金净流出99.57万元，大单买入241.43万元，占比10.52%，卖出340.99万元，占比 14.86%。 11月19日，阿尔特盘中下跌2.09%，截至10:09，报10.33元/股，成交2295.24万元，换手率0.45%，总市 值51.45亿元。 机构持仓方面，截止2025年9月30日，阿尔特十大流通股东中，香港中央结算有限公司、中欧科创主题 混合(LOF)A（501081）退出十大流通股东之列。 阿尔特今年以来股价跌8.58%，近5个交易日跌3.55%，近20日跌2.91%，近60日跌14.91%。 责任编辑：小浪快报 截至9月30日，阿尔特股东户数3.15万，较上期增加6.69%；人均流通股15400股，较上期减少6.27%。 2025年1月-9月，阿尔特实现营业收入7.36亿元，同比增长19.30%；归母净利润-1.51亿元，同比减少 12246.62%。 资料显示，阿尔特汽车技术股份有限公司位于北京市北京经济技术开发区凉水河二街7号院，成立日期 2007年5月23日，上市日期2020年3月27日，公司主营业务涉及燃油汽车和新能源汽车的整车设计及其他 汽车行业相关的技术服务。 ...

Group 1 - The core viewpoint of the news is that Altec's stock has experienced a decline, with a notable drop in both share price and market performance over recent periods [1][2] - As of November 12, Altec's stock price was 10.78 CNY per share, with a market capitalization of 5.369 billion CNY [1] - Year-to-date, Altec's stock has decreased by 4.60%, with a 6.02% drop over the last five trading days and an 8.72% decline over the last 60 days [1] Group 2 - For the period from January to September 2025, Altec reported a revenue of 736 million CNY, reflecting a year-on-year growth of 19.30% [2] - However, the company faced a significant net loss of 151 million CNY, which represents a year-on-year decrease of 12,246.62% [2] - As of September 30, 2025, the number of Altec's shareholders increased to 31,500, marking a 6.69% rise, while the average circulating shares per person decreased by 6.27% to 15,400 shares [2]

Core Viewpoint - China Automotive Research (中国汽研) is a leading enterprise in automotive technology research and testing services, with a strong performance in revenue and net profit, indicating robust growth potential in the automotive service industry [1][2]. Group 1: Business Performance - As of Q3 2025, China Automotive Research reported revenue of 3.024 billion yuan, ranking second in the industry, surpassing the industry average of 1.922 billion yuan and the median of 2.183 billion yuan [2]. - The net profit for the same period was 700 million yuan, leading the industry and significantly higher than the average of 143 million yuan and the median of 42.775 million yuan [2]. - The company's gross profit margin reached 46.15% in Q3 2025, an increase from 42.21% in the previous year, and well above the industry average of 27.30% [3]. Group 2: Financial Ratios - The asset-liability ratio for China Automotive Research was 27.72% in Q3 2025, slightly above the industry average of 27.41% and up from 24.18% in the previous year [3]. - The company has shown a strong ability to maintain profitability, with a gross margin significantly higher than its peers, indicating effective cost management and pricing strategies [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 18.75% to 21,600, while the average number of circulating A-shares held per shareholder decreased by 15.79% to 46,000 [5]. - Notable shareholders include various mutual funds, with significant increases in holdings for some, indicating growing institutional interest [5]. Group 4: Strategic Insights - The company is focusing on high-margin testing services, with revenue from this segment reaching 2.749 billion yuan in the first three quarters of 2025, reflecting a year-on-year growth of 5.62% [6][7]. - The company is also advancing in the smart connected vehicle sector, having completed key testing capabilities that align with national standards, which positions it favorably for future growth [7].

Core Viewpoint - The stock of Alter Automotive Technology Co., Ltd. has experienced fluctuations, with a recent decline of 2.07% and a total market value of 5.653 billion yuan, indicating mixed investor sentiment and potential challenges in profitability [1][2]. Group 1: Stock Performance - As of October 29, Alter's stock price is 11.35 yuan per share, with a trading volume of 47.18 million yuan and a turnover rate of 0.85% [1]. - Year-to-date, the stock has increased by 0.44%, with a 6.67% rise over the last five trading days, but has seen a decline of 0.44% over the last 20 days and 2.58% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Alter reported a revenue of 736 million yuan, reflecting a year-on-year growth of 19.30% [2]. - The net profit attributable to shareholders for the same period was -151 million yuan, a significant decrease of 12,246.62% compared to the previous year [2]. Group 3: Shareholder and Market Dynamics - As of September 30, 2025, the number of shareholders increased to 31,500, up by 6.69%, while the average circulating shares per person decreased by 6.27% to 15,400 shares [2]. - Notably, Hong Kong Central Clearing Limited and the China Europe Innovation Theme Mixed Fund (LOF) A have exited the list of the top ten circulating shareholders [2]. Group 4: Company Overview - Alter Automotive Technology Co., Ltd. was established on May 23, 2007, and went public on March 27, 2020. The company specializes in the design of fuel and new energy vehicles, with 87.68% of its revenue coming from new energy vehicle design [1]. - The company operates within the automotive services sector and is involved in various concept sectors, including AI multimodal, new industrialization, neural networks, intelligent cockpits, and rural revitalization [1].

Core Viewpoint - China Automotive Engineering Research Institute (China Auto Research) has experienced a decline in stock price and trading volume, reflecting challenges in the automotive service sector and potential impacts on future revenue and profitability [1][2]. Financial Performance - As of June 30, 2025, China Auto Research reported a revenue of 1.911 billion yuan, a year-on-year decrease of 4.48%, while the net profit attributable to shareholders was 409 million yuan, showing a year-on-year increase of 1.84% [2]. - The company has distributed a total of 2.747 billion yuan in dividends since its A-share listing, with 973 million yuan distributed over the past three years [3]. Stock Performance - The stock price of China Auto Research fell by 2.09% to 16.83 yuan per share, with a total market capitalization of 16.881 billion yuan [1]. - Year-to-date, the stock has decreased by 2.60%, with a 10.86% decline over the past 20 trading days and a 17.05% drop over the past 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 18,200, with an average of 54,684 shares held per shareholder, a decrease of 0.32% from the previous period [2]. - Notable shareholders include China Europe Pension Mixed A and Industrial Bank Cultural and Sports Industry Stock A, with significant changes in their holdings [3].

Core Viewpoint - The stock price of Alter has shown fluctuations, with a recent increase of 2.05% on October 24, 2023, despite a year-to-date decline of 3.27% [1][2]. Company Overview - Alter Automotive Technology Co., Ltd. is located in Beijing Economic and Technological Development Zone and was established on May 23, 2007, with its listing date on March 27, 2020 [2]. - The company's main business involves the design of fuel vehicles and new energy vehicles, with revenue composition as follows: 87.68% from new energy vehicle design, 11.73% from fuel vehicle design, and 0.59% from other services [2]. Financial Performance - For the first half of 2025, Alter reported operating revenue of 522 million yuan, representing a year-on-year growth of 33.14%. However, the net profit attributable to shareholders was -58.197 million yuan, a decrease of 268.61% compared to the previous year [2]. Stock Performance - As of October 24, 2023, Alter's stock price was 10.93 yuan per share, with a market capitalization of 5.444 billion yuan. The trading volume was 46.4019 million yuan, with a turnover rate of 0.89% [1]. - The stock has experienced a 6.43% increase over the last five trading days, but a decline of 7.92% over the last 20 days and 4.87% over the last 60 days [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Alter was 29,500, an increase of 0.29% from the previous period. The average circulating shares per person decreased by 0.29% to 16,430 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 5.1728 million shares, a decrease of 2.3079 million shares from the previous period, while China Europe Innovation Theme Mixed Fund A entered the list as the tenth largest shareholder with 3.6898 million shares [3].