每经记者｜章光日 每经编辑｜吴永久 近期，联合精密发布了关于公司控股股东、实际控制人股份减持计划的预披露公告。而在今年上半年，公司另一位原持 股超5%以上大股东已经套现超1800万元。而在这位大股东披露减持计划前一个月，联合精密才完成股份回购计划。2024 年2月份联合精密股价最低跌至11.96元，2025年9月份最高涨至38.88元。事后来看，联合精密此次股份回购计划非常成 功，以上周五收盘价计算，公司股份回购计划的浮盈比例接近100%。 联合精密的股价为何能够反转？接下来每经资本眼专栏记者就来详细探究一番。 在两位控制人发布减持计划前两个月，联合精密的另一位大股东已经完成减持计划。根据联合精密2025年7月份发布的 关于公司持股 5%以上股东股份减持计划期限届满的公告，公司原持股5%以上股东郑梓贤于2025年4月28日通过集中竞价 交易减持89.77万股，减持价格为20.67元。据此计算，郑梓贤套现金额约为1855.55万元。 2025年9月28日晚间，联合精密发布了关于公司控股股东、实际控制人股份减持计划的预披露公告。该公告显示，由于 自身资金需要，自公告披露之日起15个交易日后的三个月内（窗口期除外） ...

一、曲轴行业概述 四、曲轴行业发展现状 市场品牌地位认证/证明的战略意义在于它能够提升企业的品牌形象、市场竞争力及增强消费者对企业品牌的信任度。能够在众多竞争品牌中脱颖而出，吸 引更多的资源和关注，对于企业的发展具有不可忽视的战略意义，增加消费者与投资者的信心同时能帮助企业满足宣传及法规要求，降低法律风险。 曲轴作为内燃机的关键部件，通过连杆与活塞相连，将活塞的直线往复运动转化为旋转运动，从而驱动机械装置工作。具体而言，活塞在气缸内上下移动， 通过连杆带动曲轴旋转，这一过程实现了能量的转换。曲轴的设计和性能直接影响到发动机的效率和稳定性，因此在内燃机设计中占据重要地位。目前我国 内燃机整体需求稳定，曲轴整体规模接近240亿元。 曲轴，是发动机中最重要的部件。它承受连杆传来的力，并将其转变为转矩通过曲轴输出并驱动发动机上其他附件工作。曲轴受到旋转质量的离心力、周期 变化的气体惯性力和往复惯性力的共同作用，使曲轴承受弯曲扭转载荷的作用。因此要求曲轴有足够的强度和刚度，轴颈表面需耐磨、工作均匀、平衡性 好。 二、曲轴行业发展背景 随着汽车国六和非道路国四排放标准的正式实施，在"双碳"的引导下，国内内燃机机行业将迎来 ...

Group 1 - Qin'an Co., Ltd. announced the termination of the share issuance and cash payment plan to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd., opting for a cash purchase instead [1][3] - The decision to change the transaction method was made due to the inability to complete the share issuance acquisition within the year and to ensure the stability of the target company's core team [3] - A transaction intention agreement was signed with major shareholders of Yigao Optoelectronics for the cash purchase of all equity held by them, with further negotiations ongoing regarding the sale of shares held by Yuan Zhi Xing Huo [3] Group 2 - Yigao Optoelectronics, established in August 2020, specializes in the R&D, production, and sales of touch screens, conductive glass, and vacuum coating products, among others [4] - The company has a significant shareholder structure, with Shenzhen Yuan Zhi Xing Huo Private Equity Fund holding 20.13% of the shares, indicating a connection to state-owned assets [4] - The demand for automotive display screens is increasing, which expands the market for Yigao's products, potentially complementing Qin'an's existing customer resources [4] Group 3 - In 2024, Qin'an experienced a decline in both revenue and net profit, with revenue of 1.6 billion yuan, down 8.04% year-on-year, and net profit of 173 million yuan, down 33.7%, marking the first dual decline since 2018 [5] - In the first half of 2025, Qin'an's total revenue was 675 million yuan, a decrease of 13.18% year-on-year, while net profit attributable to shareholders was 80.39 million yuan, an increase of 29.97% [6] - The company is shifting focus towards the automotive intelligence sector to capture opportunities in automotive electrification and intelligence [6]

9月18日，秦安股份跌5.03%，截至发稿，报15.48元/股，成交2.41亿元，换手率3.44%，总市值67.93亿 元。 资料显示，重庆秦安机电股份有限公司位于重庆市九龙坡区西彭工业园区森迪大道58号，成立日期1995 年9月5日，上市日期2017年5月17日，公司主营业务涉及从事汽车发动机核心零部件:气缸体、气缸盖、 曲轴等产品的研发、生产与销售。主营业务收入构成为：缸盖54.87%，缸体19.36%，变速器箱体及其 他13.34%，曲轴10.47%，其他(补充)1.95%。 富荣福锦混合A（005164）成立日期2018年3月16日，最新规模731.7万。今年以来收益27.78%，同类排 名3307/8172；近一年收益102.68%，同类排名504/7980；成立以来收益172.18%。 富荣福锦混合A（005164）基金经理为李延峥、毛运宏。 截至发稿，李延峥累计任职时间4年94天，现任基金资产总规模2.88亿元，任职期间最佳基金回报 85.13%， 任职期间最差基金回报-31.03%。 毛运宏累计任职时间113天，现任基金资产总规模4442.41万元，任职期间最佳基金回报33.07%， 任职 期 ...

Core Insights - Tianrun Industrial experienced a stock decline of 0.56% on September 17, with a trading volume of 396 million yuan [1] - The company reported a financing net buy of -4.62 million yuan on the same day, indicating a higher level of financing repayment compared to new purchases [1] - As of September 17, the total margin balance for Tianrun Industrial was 285 million yuan, with a financing balance of 284 million yuan, representing 3.48% of its market capitalization [1] Financing and Margin Data - On September 17, Tianrun Industrial had a financing purchase of 35.14 million yuan, while the financing balance was at a high level, exceeding the 80th percentile over the past year [1] - The company repaid 1,400 shares of margin loans and sold 4,200 shares, with a selling amount of 30,100 yuan, indicating a significant margin activity [1] - The margin balance was 593,600 yuan, which is above the 70th percentile over the past year, suggesting a high level of short selling [1] Company Performance - As of June 30, Tianrun Industrial had 50,100 shareholders, a slight decrease of 0.46% from the previous period, while the average number of circulating shares per person increased by 0.46% to 20,025 shares [2] - For the first half of 2025, the company achieved a revenue of 1.945 billion yuan, reflecting a year-on-year growth of 2.36%, and a net profit attributable to shareholders of 197 million yuan, up by 5.69% [2] Dividend and Shareholder Information - Since its A-share listing, Tianrun Industrial has distributed a total of 1.007 billion yuan in dividends, with 598 million yuan distributed over the past three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the eighth largest circulating shareholder, holding 13.6887 million shares, a decrease of 8.121 million shares from the previous period [3] - Yongying Ruixin Mixed A (019431) has exited the list of the top ten circulating shareholders [3]

（文章来源：人民日报） 随着家电行业"以旧换新"政策的实施，作为冰箱压缩机核心部件的气缸座和曲轴的需求量显著增长，艾 博智能装备有限公司想将当地其他企业闲置的老厂房利用起来，建设气缸座和曲轴智能化生产项目。得 知企业的急迫需求，黄石经开区·铁山区迅速派出项目专员提前介入。"在招商引资洽谈过程中，项目专 员提前了解项目布局，帮助企业收集环评、安评等相关资料，为企业开工做好准备。"区民企中心项目 专员陆龙驹说。 黄石市深入开展"建设项目开工一件事"，为建设单位提供建筑工程施工许可证核发、建设工程消防设计 审查、建设工程质量监督手续办理等政务服务，受理"建设项目开工"咨询、申请，实现"建设项目开 工"服务一次申请、并联办理、限时办结。 走进位于湖北省黄石经开区·铁山区的艾博智能压缩机核心零部件精密加工智能化车间，5条气缸座全自 动化生产线，7条曲轴粗加工生产线高效运转。"得益于政府部门的高效服务，这个项目从动议到开工仅 用了3个月。"湖北艾博智能装备有限公司总经理戴勇军介绍。 同时，区里还组织住建、消防、生态环境、应急等相关部门联合实地踏勘、现场指导。"从设备怎么布 局能避免噪声扰民，到污水处理站的同步建设、'三废 ...

Group 1 - The core viewpoint of the news highlights the rapid development and implementation of an intelligent production project for cylinder heads and crankshafts by Hubei Aibo Intelligent Equipment Co., Ltd., facilitated by efficient government services [1] - The demand for cylinder heads and crankshafts has significantly increased due to the implementation of the "old for new" policy in the home appliance industry, prompting the company to utilize idle factory buildings from local enterprises for this project [1] - The Huangshi Economic Development Zone and Tieshan District provided proactive support by sending project specialists to assist in the preparation of necessary documentation and conducting site assessments to ensure smooth project execution [1] Group 2 - Huangshi City has initiated a streamlined process for construction project commencement, offering services such as the issuance of construction permits, fire design reviews, and quality supervision, allowing for a one-stop application and expedited processing [2]

Group 1 - The company held an investor relations event on September 12, 2025, via an online platform, focusing on its performance and strategic direction [1] - Investors inquired about the company's merger and acquisition plans, specifically regarding potential targets and product directions, to which the company advised to monitor official announcements for updates [1] - The company is recognized as a leading manufacturer of crankshafts and is exploring developments in robotics, although it has not yet initiated any related projects [1] Group 2 - The company is committed to its "one body, two wings, three new" strategic layout, focusing on core business development while exploring new paths in the fields of new energy and intelligent vehicles to enhance growth potential [2] - Investors raised questions about the company's collaboration intentions with Shanghai Dongfang Jiule and acquisition plans for Rongcheng Material Group, to which the company clarified there are no such intentions or plans [2] - The company confirmed that there is no association between its employee and the technical director of Huichen Co., Ltd., addressing potential confusion regarding names [2]

Group 1: Company Overview and Strategy - Sichuan Haowu Electromechanical Co., Ltd. is focusing on the development of new energy and intelligent automotive sectors to enhance performance growth [3] - The company adheres to the "one body, two wings, three new" strategic layout to explore new paths for industry chain extension [3] Group 2: Acquisition and Investment Insights - The company is advised to acquire a controlling stake in Sichuan Meifeng, which has a strong balance sheet with a cash reserve of 2.3 billion and a debt ratio of around 20% [3] - There are no current plans to acquire Tianjin Rongcheng Material Group [4] Group 3: Business Development and Future Plans - The company is actively monitoring developments in the robotics sector but has not yet initiated related business [3] - The focus for the second half of the year includes solidifying industry layout and enhancing existing business operations [3] Group 4: Investor Relations and Communication - The investor relations activity was conducted online on September 12, 2025, with key personnel including the General Manager and Financial Director present [2] - Responses to investor inquiries emphasized the importance of following official announcements for company updates [3][4]

Core Viewpoint - Qin'an Co., Ltd. has experienced a decline in stock price, with a 5.01% drop on September 2, 2023, and a cumulative decline of 5.79% over three consecutive days, indicating potential concerns among investors [1]. Company Overview - Qin'an Co., Ltd. is located in the Xipeng Industrial Park, Jiulongpo District, Chongqing, and was established on September 5, 1995. The company was listed on May 17, 2017 [1]. - The main business involves the research, production, and sales of core components for automotive engines, including cylinder blocks, cylinder heads, and crankshafts [1]. - The revenue composition of the main business is as follows: cylinder heads 54.87%, cylinder blocks 19.36%, transmission cases and others 13.34%, crankshafts 10.47%, and others 1.95% [1]. Fund Holdings - According to data, one fund under Fuyong Fund holds a significant position in Qin'an Co., Ltd. The Fuyong Fuxin Mixed A Fund (005164) held 139,700 shares in the second quarter, accounting for 5.18% of the fund's net value, making it the sixth-largest holding [2]. - The fund has incurred a floating loss of approximately 104,800 yuan today, with a total floating loss of 128,500 yuan during the three-day decline [2]. Fund Manager Performance - The fund manager of Fuyong Fuxin Mixed A Fund is Li Yanzheng, who has been in the position for 4 years and 78 days, with a total asset scale of 288 million yuan. The best fund return during his tenure is 52.14%, while the worst is -31.03% [3]. - The co-manager, Mao Yunhong, has been in the position for 97 days, managing assets of 44.42 million yuan, with a best return of 9.35% and a worst return of 9.32% during his tenure [3].