长江商报消息 ●长江商报记者 潘瑞冬 中原内配表示，气缸套作为公司核心业务板块，市场地位继续保持。报告期内，公司气缸套产品于成功 通过河南省制造业单项冠军企业复核。 中原内配（002448.SZ）业绩回暖，股价逼近历史高点。 年初至今，中原内配股价涨幅明显，12月29日收盘价为12.81元/股，年内股价实现翻倍。 12月25日，公司股价曾触及13.2元/股的年内高点，创近9年新高，距离2016年7月的历史高点15.35元/股 仅一步之遥。 目前，中原内配正在加码人形机器人赛道。12月19日晚间，公司公告显示，其控股子公司中原内配（上 海）电子科技有限公司（简称"上海子公司"）与宁波普智未来机器人有限公司（简称"宁波普智"）签署 《战略合作框架协议》，双方将围绕人形机器人相关业务展开全方位合作，标志着中原内配正式切入人 形机器人核心零部件赛道。 2025年以来，公司盈利能力止跌回升，归母净利润和扣非净利润同比增速连续三季实现提升，其中第三 季度分别为64.72%、95.82%。 股价创近9年新高 资料显示，中原内配主营业务是汽车核心零部件产品的研发、生产和销售。公司的主要产品是气缸套、 活塞、活塞环、轴瓦等内燃 ...

Core Insights - The company has a strong technical capability in the production of internal combustion engine cylinder liners and has expanded its product line to include key components such as pistons, piston rings, and bearings, establishing a comprehensive supply chain in the internal combustion engine friction pair components industry [1][2]. Group 1: Business Overview - The company has a long-standing presence in the internal combustion engine PCU business, serving both domestic and international markets with clients including BYD, Geely, Cummins, and Caterpillar [2]. - The company has entered the brake system sector through its subsidiary, producing innovative dual-metal brake drums and discs, which have broken foreign technological monopolies and achieved international leading standards [3]. Group 2: Product Development - The company has developed dual-metal composite brake drums and discs that enhance stiffness by 50% compared to similar market products and double their lifespan, showcasing its independent intellectual property [3]. - The company has successfully entered the international mainstream turbocharger supplier system and is achieving bulk supply in the domestic market for electronic control actuators [4]. Group 3: Financial Projections - Revenue projections for the company from 2025 to 2027 are estimated at 3.87 billion, 4.59 billion, and 5.31 billion yuan, representing year-on-year growth rates of 17%, 19%, and 16% respectively, with net profit forecasts of 420 million, 510 million, and 580 million yuan, reflecting growth rates of 104%, 22%, and 15% [6]. - The company is assigned a valuation of 18 times earnings for 2026, corresponding to a target stock price of 15.72 yuan and a target market value of 9.2 billion yuan, indicating a "buy" rating based on its leading position in the internal combustion engine PCU sector and growth potential in new businesses [6].

Group 1 - The stock price of Zhongyuan Nepe reported at 9.18 yuan, down 0.29 yuan from the previous trading day, with a decline of 3.06% [1] - The opening price for the day was 9.48 yuan, reaching a high of 9.53 yuan and a low of 9.14 yuan, with a trading volume of 222,150 hands and a transaction amount of 206 million yuan [1] - Zhongyuan Nepe's main business is automotive parts manufacturing, with key products including cylinder sleeves, pistons, and piston rings, which are core components of engines [1] Group 2 - Zhongyuan Nepe's subsidiary, Zhongyuan Nepe (Shanghai) Electronic Technology Co., recently received a designated notification from a well-known European engineering group, becoming a supplier for its intelligent electronic control actuator products [1] - This project is expected to start mass supply in 2027, with a total sales amount of approximately 490 million yuan over a lifecycle of 9 years [1] Group 3 - On August 14, the net outflow of main funds was 25.1963 million yuan, with a cumulative net outflow of 62.6021 million yuan over the past five days [2]

Core Viewpoint - Zhongyuan Nepe's subsidiary in Shanghai has been designated as a supplier for a well-known European engineering group, marking a significant business opportunity for the company [1] Summary by Relevant Sections Company Announcement - Zhongyuan Nepe announced that its subsidiary, Zhongyuan Nepe (Shanghai) Electronic Technology Co., Ltd., received a notification from a European engineering group, confirming its role as a supplier of smart electric control actuators [1] Project Details - The project has a lifecycle of 9 years, with mass production expected to commence in 2027 [1] - The total estimated sales amount for the project over its lifecycle is approximately 490 million RMB [1]

Group 1 - The company received a notification from a well-known European engineering group, designating its subsidiary in Shanghai as a supplier for intelligent electronic control actuators, with a project lifecycle of 9 years and expected total sales of approximately 490 million RMB [1][2] - This project marks the first overseas qualification for the company's self-developed diesel engine intelligent electronic control actuator, representing a significant breakthrough in entering the international supply chain for complete vehicles [1] - The recognition from the client enhances the company's competitiveness in the international market and lays a solid foundation for expanding its overseas market share in electronic control actuators [1] Group 2 - The project is not expected to have a significant impact on the company's current year performance but is beneficial for increasing future revenue and operational efficiency [2] - The company maintains its business independence, ensuring that the execution of future contracts will not create dependency on the client [2]

Core Viewpoint - Zhongyuan Nepe (002448.SZ) announced that its subsidiary, Zhongyuan Nepe (Shanghai) Electronic Technology Co., Ltd., has been designated as a supplier of intelligent electric control actuators for a well-known European engineering group, with a project lifecycle of 9 years and expected total sales of approximately 490 million RMB [1] Group 1 - The project is set to begin mass production in 2027 [1] - The total sales amount over the project's lifecycle is estimated to be around 490 million RMB [1]

Core Viewpoint - Zhongyuan Nepe (002448.SZ) announced that its subsidiary, Zhongyuan Nepe (Shanghai) Electronic Technology Co., Ltd., has received a designation notice from a well-known European engineering group to supply smart electric control actuators, with a project lifecycle of 9 years and expected total sales of approximately 490 million RMB [1] Summary by Categories Company Developments - The Shanghai subsidiary has been appointed as a supplier for smart electric control actuators by a European engineering group [1] - The project is expected to commence mass production in 2027 [1] Financial Projections - The total sales amount projected over the lifecycle of the project is approximately 490 million RMB [1]

Core Insights - Zhongyuan Nepe (002448.SZ) announced that its subsidiary, Zhongyuan Nepe (Shanghai) Electronic Technology Co., Ltd., has received a notification from a well-known European engineering group, designating it as a supplier for smart electric control actuator products [1] Summary by Categories Company Developments - The Shanghai subsidiary has been selected as a designated supplier for a major project, indicating a significant business opportunity for the company [1] - The project has a lifecycle of 9 years, with expected mass production starting in 2027 [1] Financial Projections - The total expected sales amount for the project over its lifecycle is approximately 490 million RMB [1]

Core Viewpoint - Zhongyuan Inner配 has received a significant contract from a well-known European engineering group, marking a strategic opportunity for the company in the smart electric control actuator market [1] Group 1: Company Announcement - The company announced that its subsidiary, Zhongyuan Inner配 (Shanghai) Electronic Technology Co., Ltd., has been designated as a supplier for smart electric control actuators by a European engineering group [1] - The project has a lifecycle of 9 years, with mass production expected to start in 2027 [1] Group 2: Financial Implications - The total expected sales amount for the project over its lifecycle is approximately 490 million RMB [1]

Core Viewpoint - Zhongyuan Nepe (002448.SZ) has been designated as a supplier for intelligent electric control actuators by a well-known European engineering group, marking a significant recognition of its product development and supply qualifications [1] Group 1: Project Details - The project has a lifecycle of 9 years, with mass production expected to commence in 2027 [1] - The total estimated sales amount over the project's lifecycle is approximately 490 million yuan [1] Group 2: Company Recognition - The designation as a supplier is an acknowledgment of the Shanghai subsidiary's capabilities in product development and supply qualifications [1] - The notification does not constitute an order or sales contract, indicating that further steps are needed to finalize the agreement [1]