上会稿显示，天海电子位于河南省鹤壁经济技术开发区，主要从事汽车线束、汽车连接器、汽车电子等 汽车零部件产品的研发、生产和销售，为"中国汽车零部件电机（连接器）龙头企业""中国汽车电子电 器电机行业领军企业"，在中国汽车线束行业的市场份额为8.45%，在汽车连接器行业的市场份额为 3.52%。 【大河财立方消息】1月16日，深圳证券交易所上市审核委员会2026年第2次审议会议召开，认定天海汽 车电子集团股份有限公司首发事项符合发行条件、上市条件和信息披露要求。 目前，天海电子已与奇瑞汽车、上汽集团、吉利汽车、长安汽车、通用汽车等整车厂商建立了长期稳定 的合作关系，与造车新势力头部企业理想汽车、蔚来汽车、零跑汽车、小鹏汽车等建立了多层次多维度 合作关系。 2024年，天海电子实现营收125.23亿元，归母净利润6.14亿元。2025年上半年，天海电子营收65.57亿 元，归母净利润3.15亿元。 2025年6月，天海电子完成A股上市辅导工作。本次IPO，天海电子拟申请深交所主板上市，募资24.6亿 元，用于连接器技改扩产建设项目、线束生产基地项目、汽车电子生产基地项目、智能改造及信息化建 设项目、天海智能网联汽车 ...

Non-Executive Chair Paul Donahue to RetirePresident and Chief Executive Officer Will Stengel Named Chair-Elect ATLANTA, Jan. 15, 2026 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Paul D. Donahue, Non-Executive Chairman, plans to retire from the Board of Directors at the company's 2026 annual meeting of shareholders. The company also announced that its Board of Directors ha ...

Core Insights - The Frank Value Fund Institutional Class (FNKIX) achieved a return of 12.29% in 2025, outperforming the Russell Midcap Value Index which returned 11.05% [2] - Since integrating catalyst-unlocking value into its strategy in January 2022, the fund has produced a total return of 61.3%, significantly outperforming both the Russell Midcap Value ETF (23.5%) and the S&P 500 ETF (51.8%) [2] - For the three years ending December 31, 2025, the fund ranked in the top 11% of its Morningstar category, Mid-Cap Value [2] Performance Analysis - The fund's performance in 2022 was positive at 4%, while the S&P 500 and Nasdaq fell by 18% and 33%, respectively [3] - The current valuation of Microsoft (MSFT) is $3.6 trillion with expected free cash flow of $75 billion in 2026, yielding about 2% [3] - In contrast, Garrett Motion (GTX), a top holding, is expected to generate cash flow seven times relative to its purchase price, yielding 14% [3] Market Context - The S&P 500 and other index holders face opportunity costs as undervalued companies like Garrett Motion offer higher shareholder yields through dividends, repurchases, and debt reduction [5] - The Frank Value Fund currently has a dividend yield of about 2%, which is double that of the S&P 500 [5] - Seven holdings in the fund are repurchasing more than 5% of their shares outstanding annually, indicating strong capital return strategies [5] Future Outlook - Low valuations allow the fund's holdings to repurchase more stock, potentially transforming consumer staples companies into double-digit earnings growers [6] - The current market setup is reminiscent of previous years leading into downturns, suggesting a potential slowdown in large index gains in 2026 [6]

O'Reilly Automotive, Inc. ( ORLY ) has proven to be a very solid compounder over the long term and is now undergoing a very significant expansion, setting the foundation of an international expansionI've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a ...

Key Takeaways Market uncertainty amid geopolitical risks, policy questions and an unclear Fed rate path favor value stocks.Stocks were screened for earnings yield above 10%, liquidity, $5 prices and EPS growth versus the S&P 500.AAUC, AA, SBLK and PHIN show strong 2026 sales and EPS growth estimates, with upward EPS revisions.U.S. equities ended 2025 on a strong note, with the S&P 500 rising about 16%, but the outlook is turning complex. Geopolitical risks are back in focus after President Donald Trump anno ...

长沙晚报掌上长沙1月5日讯（全媒体记者 刘军） 根据目前发行安排，本周有2只新股可申购，申购时间 均在6日。两只新股分别为上交所主板至信股份、北交所科马材料，两家公司均为汽车零部件生产企 业。并且，这是2026年首批可申购的新股。 2022年至2024年，科马材料的营业收入分别为2.02亿元、1.99亿元、2.49亿元，归母净利润分别为 4200.63万元、4958.74万元、7153.21万元。 招股说明书显示，科马材料预计2025年的营业收入为2.50亿元至2.80亿元，同比增长0.39%至12.44%； 归母净利润为8200万元至9600万元，同比增长14.63%至34.21%。 据记者统计，2025年共116只新股上市，无一只破发，上市首日平均涨幅约260%。 2022年至2024年，至信股份的营业收入分别为20.91亿元、25.64亿元、30.88亿元，归母净利润分别为 7069.10万元、1.32亿元、2.04亿元。招股意向书显示，至信股份预计2025年的营业收入为39.00亿元至 40.50亿元，同比增长26.30%至31.16%；归母净利润为2.55亿元至2.65亿元，同比增长25.02%至 ...

Core Viewpoint - The global automotive seat manual slide rail market is projected to reach USD 938 million in 2024, with a compound annual growth rate (CAGR) of 2.9% [4]. Industry Overview - Automotive seat manual slide rails are mechanical components installed between the seat and vehicle floor, allowing for front and rear seat adjustments. They consist of left and right slide rails, rollers/sliders, locking systems, and release handles [3]. - The demand for manual slide rails is driven by their cost efficiency, reliability, and platform standardization, making them the mainstream solution for seat adjustments in cost-sensitive vehicles [9]. Market Participants - Key companies in the automotive seat manual slide rail market include Adient, Brose, Hyundai Transys, Faurecia, Toyota Boshoku, Imasen Electric Industrial, and several others [4][5]. - Adient is recognized for its comprehensive automotive component solutions and strong project management capabilities [5]. - Brose focuses on integrating mechanical structures with electronic controls and emphasizes engineering innovation [5]. Supply Chain - The upstream supply chain includes materials and key components such as high-strength steel, springs, and surface treatment chemicals. The midstream involves seat frame suppliers and specialized slide rail manufacturers, while the downstream targets vehicle manufacturers and seat assembly plants [8]. Challenges - The industry faces challenges from increasing performance requirements and competitive pricing pressures. Stricter safety regulations necessitate reliable locking mechanisms and durability, while cost fluctuations in materials can compress profit margins [10][12]. Opportunities - Opportunities for growth lie in modular upgrades and functional integration. Suppliers can enhance product value through improved sliding performance and corrosion resistance, while also developing modular platforms for various seat configurations [13]. Barriers to Entry - Barriers to entry are significant due to the safety-critical nature of slide rails, which require compliance with stringent safety and durability standards. New entrants must possess advanced manufacturing capabilities and a robust quality assurance system [14].

商报讯（记者 苗露）昨日，A股市场主要指数整体涨跌互现。截至下午收盘，上证指数报3965.12点， 微跌0.16点，但在日K线图上收出阳线，至此，上证指数走出10连阳；深证成指报13604.07点，上涨 0.49%；创业板指报3242.9点，上涨0.63%。沪深两市成交额连续第3个交易日突破2万亿元，较上一个交 易日放量38亿。全市场超3400只个股下跌。 人形机器人概念持续上涨 昨日午后，人形机器人概念持续上涨。万向钱潮（000559）直线拉升，1分钟涨停；三花智控 （002050）涨停，成交额超141亿元。机器人概念走强，带动产业链核心配套的PEEK材料概念同步走 高，长盈精密（300115）涨超9%。 事实上，近段时间人形机器人领域的确利好不断。一是宇树科技微信公众号发布消息称，其全国首店将 于12月31日在北京京东MALL开业。二是哈尔滨工业大学微信公众号消息，近日，哈工大机电工程学院 付宜利教授、倪风雷教授团队联合校友企业博实股份（002698），在人形机器人的双形态人形机器人整 机、多型号关节模组、双版本灵巧手及智能控制算法等方面取得了阶段性成果，标志着团队在人形机器 人领域实现了从关键部组件到整 ...

Core Viewpoint - The article discusses the current status and future trends of the automotive ABS (Antilock Brake System) and ESC (Electronic Stability Control) systems in the Chinese market, highlighting the transition from traditional mechanical braking to electronic and intelligent systems, driven by regulatory requirements and technological advancements [3][10][14]. Market Development Status and Future Trends - The revenue from the automotive ABS and ESC systems in China is projected to reach 12.31 billion yuan in 2024, with an expected decline to 6.022 billion yuan by 2031, indicating a compound annual growth rate (CAGR) of -10.10% from 2025 to 2031 [3]. - The market is experiencing a shift towards electronic hydraulic brake (EHB) systems, particularly the One-Box solution, which integrates multiple functions and is expected to penetrate the market significantly, with over 10 million units installed by 2024 [10][13]. Industry Concentration and Competition Analysis - Major players in the Chinese market include Bosch, Continental, ZF, Aisin, and others, with the top three companies holding approximately 65.25% of the market share in 2024 [7]. Technological Evolution - The transition from traditional hydraulic braking to ABS and ESC systems has been rapid, with ESC installation rates exceeding 90% in new passenger vehicles since 2020 [10]. - In the commercial vehicle sector, the market is primarily dominated by pneumatic braking systems, with a projected EBS penetration rate of 80% by 2025 for key models [11][12]. Driving Factors - Regulatory requirements are a significant driver, with ABS and ESC becoming mandatory for all new passenger and commercial vehicles in China [14]. - The growth in vehicle ownership and sales, particularly in the new energy vehicle segment, is expanding the market for ABS and ESC systems [15]. - The development of intelligent driving and ADAS (Advanced Driver Assistance Systems) is increasing the demand for enhanced vehicle dynamic control systems [16]. Constraints - The industry faces challenges such as reliance on imported high-end chips and core technologies, which creates barriers for domestic manufacturers [18]. - Intense price competition and the pressure on suppliers to reduce costs are compressing profit margins and limiting R&D investments [19]. - The lengthy certification process for new products poses significant entry barriers for new players in the market [20]. Supply Chain Analysis - The supply chain for automotive ABS and ESC systems includes upstream suppliers of raw materials, midstream manufacturers who integrate and assemble the systems, and downstream customers, primarily automotive OEMs [28][29]. - Key components of ABS and ESC systems include electronic control units (ECUs), hydraulic control units (HCUs), and various sensors, with a focus on technological integration and system performance [29][32].

Core Viewpoint - The acquisition of Fenglong Co., Ltd. by UBTECH Robotics, the first humanoid robot company listed in Hong Kong, aims to enhance UBTECH's competitive position in the intelligent service robot industry through synergistic integration of technologies and manufacturing capabilities [2]. Group 1: Acquisition Details - UBTECH plans to acquire a controlling stake in Fenglong Co., Ltd. (002931.SZ) through a combination of agreement transfer and tender offer, initially acquiring 29.99% of shares and subsequently aiming for an additional 13.02%, potentially holding up to 43.01% post-transaction [2]. - The share transfer and tender offer price is set at 17.72 CNY per share, with a total estimated expenditure of 1.665 billion CNY for the acquisition [2]. Group 2: Financial Background - Fenglong Co., Ltd. reported approximately 479 million CNY in revenue for 2024, with a net profit attributable to shareholders of about 4.59 million CNY [4]. - For the first three quarters of 2025, Fenglong's revenue was approximately 373 million CNY, with a net profit of about 21.52 million CNY [4]. Group 3: Strategic Intent - UBTECH's management believes the acquisition will leverage Fenglong's established manufacturing strength, supply chain relationships, and customer base to enhance UBTECH's product competitiveness, cost structure, market coverage, and mass production capabilities [2]. - Following the acquisition, Fenglong will become UBTECH's first subsidiary listed on the A-share market, positioning UBTECH favorably within the intelligent service robot sector [2].