1月6日，保隆科技涨1.97%，成交额3.18亿元。两融数据显示，当日保隆科技获融资买入额5882.24万 元，融资偿还3063.96万元，融资净买入2818.28万元。截至1月6日，保隆科技融资融券余额合计4.44亿 元。 分红方面，保隆科技A股上市后累计派现7.71亿元。近三年，累计派现4.22亿元。 融资方面，保隆科技当日融资买入5882.24万元。当前融资余额4.42亿元，占流通市值的5.34%，融资余 额超过近一年80%分位水平，处于高位。 机构持仓方面，截止2025年9月30日，保隆科技十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股516.94万股，相比上期增加339.86万股。华夏核心制造混合A（012428）位居第九大流通 股东，持股139.14万股，为新进股东。南方中证1000ETF（512100）位居第十大流通股东，持股137.44 万股，为新进股东。 融券方面，保隆科技1月6日融券偿还0.00股，融券卖出1.14万股，按当日收盘价计算，卖出金额44.17万 元；融券余量4.85万股，融券余额187.94万元，超过近一年90%分位水平，处于高位。 资料显示，上海保隆汽车科技 ...

从绍兴新昌一家不起眼的小作坊，到资本市场的"弹簧第一股"；从手摇绕簧、靠力气吃饭，到自动化生 产、进入全球汽车和机器人的核心供应链，美力科技在弹簧这条路上走了三十五年。 三十五年只做一件事，会不会觉得无聊？ 面对记者的提问，董事长章碧鸿笑着说："爬过了一座又一座山，前面的山还很高。" 何谓"新的高山"？章碧鸿语气坚定："我们要把弹簧业务做到世界前三。" 守一事而成其业 章碧鸿爱书法，尤其酷爱榜书大字——泼墨挥毫，笔走龙蛇，一笔一画间得见起承转合的气势，又需要 专注才能写出力透纸背的微妙，"要听到毛笔与纸摩擦的声音"。 在他看来，经营之道亦如书道："要专注，才有力道。" 1990年，19岁的章碧鸿误打误撞进入弹簧制造业。文科出身的他看不懂弹簧制造的力学公式，便借遍图 书馆的机械工程书籍从头学起，绕弹簧，烧柴机油与汽机油，一点一点摸索弹簧的成型与热处理技 术，"好几次差点把房子都烧着了"。 从最基础的弹簧工艺开始，章碧鸿一干就是三十五年。"我在2000年的某一天和员工说，1886年1月29日 被视为汽车的诞生日，我忽然发现汽车工业不过是一百多年历史——我们一辈子只专注做弹簧这一件 事，这件事一定会很美好。"章碧鸿 ...

（文章来源：证券日报） 证券日报网讯 12月26日，保隆科技在互动平台回答投资者提问时表示，随着国内智能悬架、传感器、 ADAS等增量业务的出货量上升，规模效应将推动成本持续优化和摊薄研发投入，也有利于公司获得更 多海外业务。公司将持续提升核心竞争力和盈利能力，为投资者创造长期投资价值。 ...

证券日报网讯 12月26日，保隆科技在互动平台回答投资者提问时表示，公司正和多个全球头部客户交 流，在谈项目超过10个，产品包括空气弹簧、空气供给单元、储气罐、电液泵、传感器和摄像头等。明 年，智能悬架和传感器业务有多个项目将在匈牙利工厂量产，逐步贡献收入的同时也将有助于公司获得 更多海外订单。公司的车载摄像头产品已获得海外客户订单。 （文章来源：证券日报） ...

截至9月30日，保隆科技股东户数2.23万，较上期减少1.91%；人均流通股9579股，较上期增加1.96%。 2025年1月-9月，保隆科技实现营业收入60.48亿元，同比增长20.32%；归母净利润1.98亿元，同比减少 20.35%。 12月23日，保隆科技盘中下跌2.00%，截至13:59，报36.19元/股，成交1.25亿元，换手率1.60%，总市值 77.32亿元。 资金流向方面，主力资金净流出1925.42万元，特大单买入0.00元，占比0.00%，卖出651.90万元，占比 5.21%；大单买入2185.59万元，占比17.47%，卖出3459.11万元，占比27.66%。 保隆科技今年以来股价跌1.99%，近5个交易日涨2.81%，近20日涨3.28%，近60日跌17.55%。 今年以来保隆科技已经1次登上龙虎榜，最近一次登上龙虎榜为2月7日。 资料显示，上海保隆汽车科技股份有限公司位于上海市松江区沈砖公路5500号，成立日期1997年5月20 日，上市日期2017年5月19日，公司主营业务涉及汽车智能化和轻量化产品的研发、生产和销售。主营 业务收入构成为：TPMS及配件和工具30.60%， ...

华安证券研报指出，保隆科技传感器业务保持快速增长，业绩拐点有望显现。25年Q3营收保持增 长，年降压力影响利润率，年降压力增大，Q3毛利率同比下滑。公司核心业务增长强劲，核心产品线 依旧呈现差异化高增长态势。智能悬架业务、TPMS业务、传感器业务成为拉动企业整体增长的引擎， 结构持续优化。除此以外，企业坚持高强度研发，针对上述核心技术领域进行突破，实现核心部件自主 研发与系统集成，同步研发能力保障技术成果落地。在此基础上，公司一方面构建了"OEM+AM+非汽 车"多元市场格局，与多家传统整车厂达成合作，提供稳定业务增长，另一方面进行全球化布局，在 美、德、匈等设立生产、研发中心，保障其业务拓展。公司传感器主业保持较快增长，空气悬架业务随 着蔚来等客户销量改善，有望快速增长，年降导致的降价压力有望缓解，业绩拐点有望显现。我们预计 公司2025-2027年归母净利润为3.04/4.67/5.57亿元，对应PE为25/16/14倍，维持"买入"评级。 ...

Core Viewpoint - The company is accelerating the construction of new production capacity in Hungary for smart suspension and sensors, while also evaluating options to increase capacity in the United States or Mexico to expand its market share in the U.S. [1] Group 1 - The company is focused on enhancing production capabilities in Hungary [1] - There is an ongoing assessment for potential capacity expansion in the U.S. or Mexico [1] - The aim is to increase market share in the U.S. [1]

Core Insights - The Chinese automotive industry is transitioning from "quantity leadership" to "quality breakthroughs," with chassis technology becoming a key battleground for competition [1][3] - The future of Chinese electric vehicle chassis will focus on four main directions: high adaptability, high safety, high controllability, and high comfort [1][6] Industry Overview - China has been the world's largest automotive producer and seller for 15 consecutive years, but it still lags behind foreign giants in profitability and technological value [3] - In 2024, Toyota's net profit is projected to be three times that of the combined profits of China's seven most profitable car companies, highlighting the challenges faced by the Chinese automotive industry [3] Technological Challenges - Core components of traditional vehicles, particularly engines, transmissions, and chassis systems, have long been dominated by international giants like Bosch and ZF, creating high technical barriers [3][4] - The traditional chassis design is incompatible with the structure and control logic of electric vehicles, necessitating a complete redesign and integration [4] Technological Innovations - "Drive-by-wire" technology is emerging as a core focus for chassis evolution, enhancing vehicle response speed and control precision while providing reliable execution for intelligent driving systems [4][5] - The chassis accounts for over 70% of the total vehicle cost, making it a critical factor for product competitiveness and profit margins [4] Domestic Progress - Chinese companies have made significant advancements in niche areas such as intelligent suspension and steer-by-wire systems, with companies like Baolong Technology and Konghui Technology gaining market share [5] - NIO's ET9 has become the first mass-produced vehicle in China to feature a steer-by-wire system, indicating China's capability in high-end chassis technology [5] Future Outlook - The electronic mechanical brake (EMB) system is expected to achieve mass production by 2026, presenting an opportunity for China to potentially lead in this area [6] - The Chinese government has prioritized "new chassis architecture" as a key technology, promoting domestic innovation in chassis technology [6] - The future development of Chinese electric vehicle chassis will aim for a new architecture characterized by flexibility, sensitivity, stability, and adaptability, with a goal to transition from a "quantity powerhouse" to a "technology powerhouse" in the automotive sector [6]

Core Viewpoint - The evaluation results of information disclosure for listed companies in 2024 show a significant decline for Baolong Technology, dropping from a B rating in 2023 to a D rating in 2024 [1][2]. Company Overview - Baolong Technology, established on May 20, 1997, and listed on May 19, 2017, is located at 5500 Shen Zhuang Highway, Songjiang District, Shanghai. The company specializes in the research, production, and sales of automotive intelligence and lightweight products [1]. - The main business revenue composition includes: TPMS and accessories (30.60%), automotive metal pipe fittings (18.81%), intelligent suspension (16.12%), others (12.71%), valve stems and accessories (10.13%), sensors (9.32%), and other (supplementary) (2.31%) [1]. Industry Classification - Baolong Technology belongs to the Shenwan industry classification of automotive - automotive parts - other automotive parts. The company is associated with several concept sectors, including AEB concept, Li Auto concept, automotive parts, sensors, and automotive lightweight [1]. Evaluation Results - The 2024 evaluation results indicate that Baolong Technology is among several companies that have experienced a two-level downgrade compared to their 2023 evaluations, with a current rating of D [2].

Core Viewpoint - The company held a successful Q3 2025 earnings presentation, achieving a 100% response rate to investor questions, indicating strong engagement and transparency with stakeholders [1]. Group 1: Business Collaboration and Product Development - The company has signed strategic cooperation agreements with NIO and Li Auto, moving beyond mere component supply to joint product development and supply chain management in areas like TPMS, intelligent suspension, and sensors [2][3]. - The company is gradually investing resources to expand into the robotics sector, with ongoing developments in sensor-related business for robots [2][3]. Group 2: Financial Performance and Profitability - In Q3 2025, the company reported a 14% year-on-year revenue increase, but a 37% decline in net profit, attributed to intensified domestic competition affecting component suppliers' profitability [9][28]. - The company aims to maintain revenue growth while improving operational efficiency to address the "growth without profit" phenomenon caused by customer price reductions and tariff impacts [3][9]. Group 3: Market Position and Product Offerings - The company has established a comprehensive product matrix in the intelligent suspension industry, including air springs, control units, and integrated suspension systems, and has secured projects with high-end domestic models [6][12]. - The company anticipates significant revenue growth in the air suspension business, with a forecast of over 200,000 units produced in Q4, driven by demand from models like NIO ES8 and Li Auto i8 [5][6]. Group 4: Debt and Financial Management - The company has a total external guarantee amounting to 3.737 billion yuan, exceeding 116% of its net assets, and is implementing monitoring mechanisms to manage potential risks associated with high guarantees [4]. - The company plans to issue convertible bonds in 2024 to manage long-term debt, which could reduce the asset-liability ratio if converted into equity [9][28]. Group 5: R&D and Future Plans - The company is focusing on enhancing its R&D capabilities, particularly in intelligent suspension and sensor technologies, with a significant number of patents granted [10][32]. - The company is collaborating with experienced teams in the robotics field, with plans to gradually expand its product offerings in this area [19][38]. Group 6: Market Strategy and Investor Relations - The company emphasizes market management strategies, including stable dividends and share buybacks, to enhance shareholder value and maintain investor confidence [5][42]. - The company is committed to improving communication with investors through various channels, including performance briefings and interactive sessions, to effectively convey its value [5][42].