内容概况：我国的步进电机在二十世纪七十年代初开始起步，七十年代中期至八十年代中期为成品发展 阶段，新品种和高性能电机不断开发，为行业奠定了坚实基础。在永磁材料、半导体技术及计算机技术 持续进步的推动下，步进电机如今已在众多领域中实现广泛应用。作为全球最重要的工业制造基地之 一，中国拥有庞大且增长迅速的步进电机市场。近年来，伴随中国制造业的转型升级，市场对步进电机 的需求持续增加，同时国内消费者对产品品质与性能的要求也日益提升。在此背景下，中国政府通过制 定科技创新规划和技术标准化规范等一系列政策措施，积极支持并引导行业技术进步与健康发展。数据 显示，中国步进电机行业市场规模已从2016年的17.39亿元稳步增长至2024年的38.9亿元，年复合增长率 达到10.59%。展望未来，步进电机市场空间广阔，预计产业规模将进一步扩大，2025年市场规模有望 达到41.24亿元。 上市企业：江苏雷利（300660）、鼎智科技（920593）、鸣志电器（603728）、兆威机电（003021）、 三协电机（920100）、雷赛智能（002979）、宝钢股份（600019）、首钢股份（000959）、鞍钢股份 （00089 ...

随着机器人、新能源汽车等高端领域的蓬勃发展，微特电机作为核心执行单元之一，其需求与技术标准正 同步跃升，国产核心部件企业迎来了黄金发展期。今年9月在北交所上市的常州三协电机股份有限公司（股 票代码：920100，简称：三协电机）正是其中的佼佼者。公司凭借在协作机器人、高端纺织机械等领域的 显著技术突破，精准契合了高价值赛道需求。2025年前三季度，公司营收同比增长38.00%至4.07亿元，其亮 眼业绩有力印证了技术聚焦与战略深耕相结合发展路径的成功，成为国产微特电机产业升级的标杆企业。 高价值领域需求爆发，微特电机成核心刚需 微特电机通常指一类体积小、重量轻、结构精密，兼具微型化和特种功能的电机，广泛应用于电器及设备 的动力驱动，或在控制系统中承担机电信号或能量的检测、执行、转换等关键功能，是电子设备和精密机 械的"动力核心"。三协电机聚焦的控制类电机是微特电机的重要分支，其核心产品包括步进电机、伺服电机 和无刷电机及其配套组件，能够精准满足机器人、安防监控、纺织机械、光伏发电、半导体设备、消费电 子（3C）、汽车、医疗器械、智能物流等多个高附加值领域的需求。 截至2025年6月，三协电机已累计取得56项专 ...

Core Viewpoint - The company, Tuobang Co., has been deeply engaged in the motor industry for nearly two decades, showcasing its leading capabilities in design, simulation verification, and NVH analysis [2] Group 1: Company Capabilities - The company offers a one-stop solution for various types of motors, including brushless DC motors, hollow cup motors, servo motors, and stepper motors [2] - Tuobang Co. has extensive applications for its products across multiple sectors such as power tools, garden tools, new energy vehicles, healthcare, home appliances, entertainment, sports, and industrial automation [2] Group 2: Product Applications - The brushless DC motors and lithium battery products are specifically noted for their applications in delivery and plant protection drones [2]

Core Viewpoint - Jiangsu Leili Electric Co., Ltd. has shown significant stock performance with a year-to-date increase of 79.04%, despite recent declines in the short term [1][2]. Group 1: Stock Performance - As of November 17, Jiangsu Leili's stock price reached 48.20 CNY per share, with a market capitalization of 21.55 billion CNY [1]. - The stock has experienced a 2.92% decline over the past five trading days and an 11.54% decline over the past 20 days [1]. - The company has appeared on the "龙虎榜" (a stock trading leaderboard) once this year, with a net buy of 310 million CNY on February 21 [1]. Group 2: Company Overview - Jiangsu Leili was established on April 29, 2006, and went public on June 2, 2017, focusing on the research, production, and sales of various electric motors and components [2]. - The company's main revenue sources include stepper motors (31.65%), MA motors and components (22.70%), and DC motors (14.07%) among others [2]. - As of October 31, the number of shareholders decreased by 2.51% to 47,600, with an average of 9,381 circulating shares per person, an increase of 2.57% [2]. Group 3: Financial Performance - For the period from January to September 2025, Jiangsu Leili reported a revenue of 3.008 billion CNY, reflecting a year-on-year growth of 21.49%, and a net profit attributable to shareholders of 265 million CNY, up by 9.92% [2]. - The company has distributed a total of 1.027 billion CNY in dividends since its A-share listing, with 531 million CNY distributed over the last three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, the fourth largest circulating shareholder is Yongying Advanced Manufacturing Mixed Fund, holding 6.0507 million shares, a decrease of 132,600 shares from the previous period [3]. - The fifth largest shareholder, Huaxia CSI Robot ETF, increased its holdings by 919,900 shares to 4.9337 million shares [3]. - Other notable changes include increases in holdings by Hong Kong Central Clearing Limited and Huashang Runfeng Mixed Fund [3].

Core Viewpoint - Jiangsu Leili's stock price has experienced fluctuations, with a year-to-date increase of 78.19% but a recent decline in the last five and twenty trading days [1] Group 1: Stock Performance - As of November 12, Jiangsu Leili's stock price was 47.97 yuan per share, with a market capitalization of 21.449 billion yuan [1] - The stock has seen a net outflow of 15.8465 million yuan in principal funds, with significant selling pressure compared to buying [1] - Year-to-date, the stock has risen by 78.19%, but it has dropped by 5.37% in the last five trading days and 16.02% in the last twenty days [1] Group 2: Company Overview - Jiangsu Leili Electric Co., Ltd. was established on April 29, 2006, and went public on June 2, 2017, focusing on the R&D, production, and sales of various motors and components [2] - The company's main revenue sources include stepper motors (31.65%), MA motors and components (22.70%), and DC motors (14.07%) among others [2] - As of October 31, the number of shareholders was 47,600, a decrease of 2.51% from the previous period [2] Group 3: Financial Performance - For the period from January to September 2025, Jiangsu Leili reported revenue of 3.008 billion yuan, a year-on-year increase of 21.49%, and a net profit attributable to shareholders of 265 million yuan, up 9.92% [2] - The company has distributed a total of 1.027 billion yuan in dividends since its A-share listing, with 531 million yuan distributed in the last three years [3] Group 4: Shareholder Structure - As of September 30, 2025, the top ten circulating shareholders included various funds, with notable changes in holdings among them [3] - Yongying Advanced Manufacturing Smart Selection Mixed Fund is the fourth-largest shareholder, holding 6.0507 million shares, a decrease of 132,600 shares from the previous period [3]

Group 1 - The core viewpoint of the news is that Jiangsu Leili's stock has experienced fluctuations, with a notable decline in recent trading days despite a significant year-to-date increase in stock price [1] - As of November 10, Jiangsu Leili's stock price was 49.48 yuan per share, with a market capitalization of 22.124 billion yuan [1] - The company has seen a net outflow of main funds amounting to 17.6647 million yuan, with large orders showing a higher selling volume compared to buying [1] Group 2 - Jiangsu Leili Electric Co., Ltd. was established on April 29, 2006, and went public on June 2, 2017, focusing on the research, production, and sales of various electric motors and components [2] - The company's main business revenue composition includes stepper motors (31.65%), MA motors and components (22.70%), and DC motors (14.07%) among others [2] - As of October 10, the number of shareholders increased to 51,400, with an average of 8,700 circulating shares per person [2] Group 3 - Since its A-share listing, Jiangsu Leili has distributed a total of 1.027 billion yuan in dividends, with 531 million yuan distributed in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include various funds, with notable changes in holdings among them [3]

Core Viewpoint - Jiangsu Leili Electric Co., Ltd. has experienced significant stock price fluctuations and growth in revenue and profit, indicating a dynamic market position and potential investment opportunities. Group 1: Stock Performance - On November 7, Jiangsu Leili's stock price decreased by 2.03%, trading at 51.26 CNY per share with a market capitalization of 22.92 billion CNY [1] - Year-to-date, the stock price has increased by 90.41%, but it has seen a decline of 6.53% over the last five trading days and 12.50% over the last twenty days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with a net buy of 310 million CNY on February 21 [1] Group 2: Business Overview - Jiangsu Leili, established on April 29, 2006, and listed on June 2, 2017, specializes in the R&D, production, and sales of various electric motors and components [2] - The main revenue sources include stepper motors (31.65%), MA motors and components (22.70%), and DC motors (14.07%) among others [2] - The company operates within the electric equipment industry, specifically in the motor sector, and is involved in several concept sectors such as humanoid robots and automotive thermal management [2] Group 3: Financial Performance - For the period from January to September 2025, Jiangsu Leili reported a revenue of 3.008 billion CNY, reflecting a year-on-year growth of 21.49%, and a net profit of 265 million CNY, up by 9.92% [2] - The company has distributed a total of 1.027 billion CNY in dividends since its A-share listing, with 531 million CNY distributed over the last three years [3] Group 4: Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 51,400, with an average of 8,700 circulating shares per person [2] - Notable shareholders include Yongying Advanced Manufacturing Mixed Fund and Huaxia CSI Robot ETF, with changes in their holdings indicating active institutional interest [3]

Core Viewpoint - Jiangsu Leili Electric Co., Ltd. has shown significant stock performance with a year-to-date increase of 92.23%, despite recent declines in the short term [1][2]. Financial Performance - For the period from January to September 2025, Jiangsu Leili achieved a revenue of 3.008 billion yuan, representing a year-on-year growth of 21.49%, and a net profit attributable to shareholders of 265 million yuan, up 9.92% [2]. - The company has distributed a total of 1.027 billion yuan in dividends since its A-share listing, with 531 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 6, 2023, Jiangsu Leili's stock price was 51.75 yuan per share, with a market capitalization of 23.139 billion yuan [1]. - The stock has experienced a trading volume of 127 million yuan on the same day, with a turnover rate of 0.55% [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net buy of 310 million yuan on February 21, 2023 [1]. Shareholder Structure - As of October 10, 2025, the number of shareholders increased to 51,400, with an average of 8,700 circulating shares per person, a decrease of 2.52% from the previous period [2]. - Notable institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and Huaxia CSI Robot ETF, with varying changes in their holdings [3].

Core Points - Jiangsu Leili's stock price has declined for three consecutive days, with a total drop of 7.57% during this period, currently trading at 50.69 CNY per share [1] - The company specializes in the research, production, and sales of various electric motors and components, with a revenue composition that includes stepper motors (31.65%), MA motors and components (22.70%), and DC motors (14.07%) among others [1] Shareholder Analysis - Huashang Fund's Huashang Runfeng Mixed A fund increased its holdings in Jiangsu Leili by 423,200 shares, now holding 2,162,400 shares, which represents 0.48% of the circulating shares [2] - The fund has experienced a floating loss of approximately 692,000 CNY today and a total floating loss of 8,973,800 CNY during the three-day decline [2] - Huashang Runfeng Mixed A fund has achieved an 80.09% return year-to-date and an 85.88% return over the past year, ranking 161 out of 8,150 and 122 out of 8,043 respectively [2]

Core Viewpoint - Jiangsu Leili Electric Co., Ltd. has shown significant stock price fluctuations and financial performance, with a notable increase in revenue and net profit year-on-year, indicating potential growth in the electric motor industry [1][2]. Financial Performance - As of October 10, 2025, Jiangsu Leili achieved a revenue of 3.008 billion yuan, representing a year-on-year growth of 21.49% [2]. - The net profit attributable to shareholders for the same period was 265 million yuan, reflecting a year-on-year increase of 9.92% [2]. - The company has distributed a total of 1.027 billion yuan in dividends since its A-share listing, with 531 million yuan distributed over the past three years [3]. Stock Market Activity - On November 3, 2025, Jiangsu Leili's stock price decreased by 2.01%, trading at 53.74 yuan per share, with a total market capitalization of 24.029 billion yuan [1]. - The stock has increased by 99.62% year-to-date, but has seen a decline of 2.87% over the last five trading days and 5.37% over the last twenty days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net buy of 310 million yuan on February 21, 2025 [1]. Shareholder Structure - As of September 30, 2025, Jiangsu Leili had 51,400 shareholders, an increase of 2.59% from the previous period [2]. - The average number of circulating shares per shareholder was 8,700, which decreased by 2.52% compared to the previous period [2]. - Notable institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and Huaxia CSI Robot ETF, with varying changes in their holdings [3].