1月7日，拓普集团盘中下跌2.02%，截至13:04，报74.86元/股，成交15.86亿元，换手率1.21%，总市值 1300.94亿元。 拓普集团所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：汽车热管理、线 控底盘、汽车轻量化、理想汽车概念、汽车零部件等。 截至9月30日，拓普集团股东户数14.37万，较上期增加30.02%；人均流通股12092股，较上期减少 23.09%。2025年1月-9月，拓普集团实现营业收入209.28亿元，同比增长8.14%；归母净利润19.67亿元， 同比减少11.97%。 资金流向方面，主力资金净流出1.57亿元，特大单买入1.37亿元，占比8.61%，卖出2.41亿元，占比 15.21%；大单买入3.99亿元，占比25.17%，卖出4.52亿元，占比28.49%。 分红方面，拓普集团A股上市后累计派现35.75亿元。近三年，累计派现20.59亿元。 拓普集团今年以来股价跌3.01%，近5个交易日涨4.04%，近20日涨8.97%，近60日涨8.21%。 机构持仓方面，截止2025年9月30日，拓普集团十大流通股东中，香港中央结算有限公司位居第二大流 ...

农银瑞丰6个月持有混合（014576）基金经理为史向明。 截至发稿，史向明累计任职时间19年184天，现任基金资产总规模5.26亿元，任职期间最佳基金回报 106.83%， 任职期间最差基金回报-19.9%。 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）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 12月30日，拓普集团涨1.03%，截至发稿，报72.69元/股，成交5.01亿元，换手率0.40%，总市值1263.23 亿元。 资料显示，宁波拓普集团股份有限公司位于浙江省宁波市北仑区大碶街道育王山路268号，成立日期 2004年4月22日，上市日期2015年3月19日，公司主营业务涉及汽车零部件及配件的研发、生产和销售。 主营业务收入构成为：内饰功能件33.76%，底盘系统28.66%，减震器15.77%，汽车电子8.31%，热管理 系统7.58%，其他(补充)5.86%，电驱系统0.06%。 从基金十大重仓股角度 数据显示，农银汇理基金旗下1只基金重仓拓普集团。农银瑞丰6个月持有混合（014 ...

Group 1 - The core viewpoint of the news is that Top Group's stock has shown a slight increase, with a current price of 72.69 yuan per share and a total market capitalization of 126.32 billion yuan [1] - Top Group, established on April 22, 2004, and listed on March 19, 2015, specializes in the research, production, and sales of automotive parts and components [1] - The revenue composition of Top Group includes: interior functional parts 33.76%, chassis systems 28.66%, shock absorbers 15.77%, automotive electronics 8.31%, thermal management systems 7.58%, others 5.86%, and electric drive systems 0.06% [1] Group 2 - According to data, a fund under Bank of China Securities holds a significant position in Top Group, with 220,000 shares representing 2.81% of the fund's net value, ranking as the tenth largest holding [2] - The fund, Bank of China Securities Selected Industry Stock A (010892), has a current scale of 607 million yuan and has achieved a return of 63.5% this year, ranking 252 out of 4,195 in its category [2] - The fund manager Lin Bocheng has a tenure of 7 years and 294 days, with the best return during his tenure being 110.75% [2]

12月30日，拓普集团涨1.03%，截至发稿，报72.69元/股，成交4.90亿元，换手率0.39%，总市值1263.23 亿元。 截至发稿，张昆累计任职时间5年100天，现任基金资产总规模180.04亿元，任职期间最佳基金回报 19.72%， 任职期间最差基金回报-3.7%。 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）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，汇安基金旗下1只基金重仓拓普集团。汇安信泰稳健一年持有期混合A（012479）三季度持 有股数1400股，占基金净值比例为0.2%，位居第六大重仓股。根据测算，今日浮盈赚取约1036元。 汇安信泰稳健一年持有期混合A（012479）成立日期2021年11月9日，最新规模2389.19万。今年以来收 益1.42%，同类排名7583/8087；近一年收益1.35%，同类排名7566/8085；成立以来亏损9.2%。 汇安信泰稳健一年持有期混合A（012479）基金经理为张昆。 资料显示，宁波拓普集团股份有限公司位于浙江省宁波 ...

0100 T IC 4 20 007 I VSVP LONDON | RNCHORAGE TOKYO DURAI LOC ↑ ← 4 EMER × X 41 11 SELIN D × × L 2016 D R1 LIUND DFG l" lonlandoplantanlanbachmlond. Innhunland == > E GLODAL IONETIK Y child in an and resident of the religion YAD X l n MO OR | | | | | | SERVE ii th . : HLET l I l + = "十四五"期间，我国汽车业形成了极具韧性的供应链体系。在日前举行的2025中国汽车供应链大会上，中国机械工业联合会副会长叶定达指出，近年 来，随着新一轮科技革命和产业变革加速突破，我国汽车产业紧紧围绕电动化、智能化、网联化、低碳化方向，走出了一条昂扬向上的发展路线，构建了全 球最完整、最具韧性的新能源汽车产业链和供应链体系。 "十五五"时期是我国实现碳达峰的冲刺阶段，也是从汽车大国迈向汽车强国的关键阶段，巩固和扩大智能网联新能源汽车产业领先优势是行业发展 ...

Core Viewpoint - Top Group (601689.SH), a listed company from Ningbo, Zhejiang, announced plans to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to accelerate its international strategy and enhance global customer service capabilities [3][10]. Company Overview - Founded in 1983, Top Group focuses on the research and manufacturing of automotive power chassis systems, decorative systems, and intelligent driving systems [3][10]. - The company operates four main business divisions: Power Chassis System, Decorative System, Domain Intelligent Driving, and Electric Drive [3][10]. - Products include shock absorption systems, interior and exterior decorative systems, lightweight body components, chassis systems, intelligent cockpit components, thermal management systems, air suspension systems, intelligent driving systems, and actuators [3][10]. - Top Group has established strong partnerships with various domestic and international automotive manufacturers, becoming a global partner for brands such as Audi, BMW, Stellantis, General Motors, Geely, Ford, Mercedes-Benz, Volkswagen, Li Auto, NIO, Xpeng, RIVIAN, and LUCID [3][10]. Financial Information - As of December 2, 2025, Top Group's total market capitalization is approximately 111.934 billion RMB [4][11]. - The company's stock price was reported at ¥64.41, with a decrease of 2.26% [5][12]. - Key financial metrics include a dynamic P/E ratio of 42.69, a TTM P/E ratio of 40.95, and a static P/E ratio of 37.30 [5][12]. - The company has a total share capital of 1.738 billion shares and a net asset value per share of ¥13.39 [5][12].

Core Viewpoint - The "2025 China Automotive Supply Chain Conference" emphasizes the transformation and innovation within the automotive supply chain, focusing on the integration of electric, intelligent, connected, and low-carbon technologies to enhance China's position in the global automotive industry [1][3]. Group 1: Industry Transformation - The "14th Five-Year Plan" period is a critical phase for China's automotive industry, aiming for peak carbon emissions and transitioning from a major automotive nation to a strong one, with a focus on maintaining leadership in smart and connected new energy vehicles [3]. - The automotive supply chain is undergoing profound adjustments, necessitating innovation-driven development and exploration of international expansion paths [4]. - The automotive supply chain's resilience and innovation are crucial for adapting to new market conditions and ensuring sustainable growth [5]. Group 2: Strategic Insights - Key strategies for enhancing the automotive supply chain include innovation leadership, collaboration among industry leaders, and fostering an open and cooperative ecosystem for mutual benefits [5]. - The importance of transforming China's supply chain advantages into localized stability within the global market is highlighted, with a focus on creating a sustainable and cooperative supply chain [5][6]. - The "361" supply chain development strategy aims to address core challenges faced by the automotive industry, including supply assurance, innovation, cost management, and sustainability [7]. Group 3: Research and Development - The "2025 China Automotive Supply Chain Development Report" outlines significant achievements in the automotive parts industry, including strengthened foundations, enhanced innovation capabilities, improved industry ecology, and progress towards green and low-carbon transitions [9]. - The globalization of China's automotive parts industry is now seen as a necessity, with the upcoming blue paper providing a comprehensive guide for companies looking to expand internationally [9][10]. - The blue paper introduces a "5C" globalization strategy framework, covering compliance, supply chain, capital, brand, and talent, serving as a practical tool for companies to formulate their international strategies [10].

Core Viewpoint - Top Group's stock price has shown fluctuations with a year-to-date increase of 25.88%, but a recent decline over the past 20 days of 13.62, indicating potential volatility in the market [1][2]. Financial Performance - For the period from January to September 2025, Top Group achieved a revenue of 20.928 billion yuan, reflecting a year-on-year growth of 8.14%. However, the net profit attributable to shareholders decreased by 11.97% to 1.967 billion yuan [2]. - Cumulative cash dividends since the A-share listing amount to 3.575 billion yuan, with 2.059 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 30.02% to 143,700, while the average circulating shares per person decreased by 23.09% to 12,092 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 68.75 million shares, a decrease of 19.4261 million shares from the previous period [3]. Market Activity - On November 21, Top Group's stock rose by 2.02% to 61.03 yuan per share, with a trading volume of 1.215 billion yuan and a turnover rate of 1.17% [1]. - The stock has experienced a net outflow of 25.5297 million yuan in principal funds, with large orders accounting for 27.10% of purchases and 25.36% of sales [1].

Core Insights - Top Group's stock price decreased by 1.07% on November 20, with a trading volume of 1.012 billion yuan [1] - The company experienced a net financing outflow of 64.82 million yuan on the same day, with a total financing and securities balance of 3.134 billion yuan [1] Financing Overview - On November 20, Top Group had a financing buy-in of 78.72 million yuan, while the current financing balance is 3.115 billion yuan, accounting for 3.00% of the circulating market value [1] - The financing balance is above the 80th percentile level over the past year, indicating a high level of financing activity [1] Securities Lending Overview - On November 20, Top Group repaid 3,300 shares in securities lending and sold 16,100 shares, amounting to 0.9631 million yuan based on the closing price [1] - The remaining securities lending balance is 31,740 shares, with a total value of 18.9854 million yuan, also exceeding the 80th percentile level over the past year [1] Business Performance - As of September 30, Top Group reported a total revenue of 20.928 billion yuan for the first nine months of 2025, representing a year-on-year growth of 8.14% [2] - The net profit attributable to shareholders decreased by 11.97% year-on-year, amounting to 1.967 billion yuan [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 30.02% to 143,700, while the average circulating shares per person decreased by 23.09% to 12,092 shares [2] - The company has distributed a total of 3.575 billion yuan in dividends since its A-share listing, with 2.059 billion yuan distributed in the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 68.75 million shares, a decrease of 19.4261 million shares from the previous period [3] - Other major institutional shareholders, including various ETFs, have also seen reductions in their holdings [3]

Core Viewpoint - Top Group's stock price has shown volatility, with a year-to-date increase of 28.19% but a recent decline of 9.76% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [1] Financial Performance - For the period from January to September 2025, Top Group achieved a revenue of 20.928 billion yuan, reflecting a year-on-year growth of 8.14%, while the net profit attributable to shareholders decreased by 11.97% to 1.967 billion yuan [2] - Cumulative cash dividends since the A-share listing amount to 3.575 billion yuan, with 2.059 billion yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 30.02% to 143,700, while the average circulating shares per person decreased by 23.09% to 12,092 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 68.75 million shares, a decrease of 19.4261 million shares from the previous period [3] Market Activity - On November 12, Top Group's stock price fell by 2.02% to 62.15 yuan per share, with a trading volume of 975 million yuan and a turnover rate of 0.89% [1] - The stock experienced a net outflow of 85.0867 million yuan in principal funds, with significant selling pressure observed [1]