来源：新浪证券-红岸工作室 9月26日，美利信跌5.59%，成交额6.15亿元，换手率16.01%，总市值73.29亿元。 异动分析 一体化压铸+小米汽车+华为汽车+专精特新+5G 1、2024年2月20日互动易，公司高度重视一体化压铸技术，是目前为数不多的较早的介入了超大型一体 压铸结构件的研发、生产且掌握相关技术和拥有8800吨压铸机的生产企业。目前公司为客户提供的部分 一体化压铸产品实现了量产，产品质量也得到了客户的充分认可。 2、2023年年报：公司在2023年进入 SolarEdge，小米汽车，欣旺达，金康动力新能源、全球领先的商用 车制造商斯堪尼亚等新客户的供应体系。 3、2023年6月29日互动易回复：华为是公司在通信领域的核心客户，也是公司在车载结构件的核心客 户。 4、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 业自身的竞争力，以及提升产业链、供应链稳定性和竞争力具有重大意义。公司已入选工信部国家级专 精特新小巨人企业名单。 5、根据2023年5月5日互动 ...

华夏产业升级混合A（005774）基金经理为代瑞亮。 截至发稿，代瑞亮累计任职时间10年196天，现任基金资产总规模15.47亿元，任职期间最佳基金回报 79.89%， 任职期间最差基金回报-9.3%。 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 9月25日，美利信跌5.11%，截至发稿，报37.89元/股，成交2.13亿元，换手率5.07%，总市值79.80亿 元。 资料显示，重庆美利信科技股份有限公司位于重庆市巴南区天安路1号附1号,附2号，成立日期2001年5 月14日，上市日期2023年4月24日，公司主营业务涉及通信领域和汽车领域铝合金精密压铸件的研发、 生产和销售。主营业务收入构成为：汽车类零部件64.79%，通信类结构件29.88%，其他(补充)3.84%， 其他类零部件1.49%。 从美利信十大流通股东角度 数据显示，华夏基金旗下1只基金位居美利信十大流通股东。华夏产业升级混合A（005774）二季度减 持68.59万股，持有股数1 ...

9月18日，美利信涨5.63%，截至发稿，报41.30元/股，成交1.68亿元，换手率3.81%，总市值86.98亿 元。 截至发稿，代瑞亮累计任职时间10年189天，现任基金资产总规模15.47亿元，任职期间最佳基金回报 73.41%， 任职期间最差基金回报-9.3%。 资料显示，重庆美利信科技股份有限公司位于重庆市巴南区天安路1号附1号,附2号，成立日期2001年5 月14日，上市日期2023年4月24日，公司主营业务涉及通信领域和汽车领域铝合金精密压铸件的研发、 生产和销售。主营业务收入构成为：汽车类零部件64.79%，通信类结构件29.88%，其他(补充)3.84%， 其他类零部件1.49%。 从美利信十大流通股东角度 数据显示，华夏基金旗下1只基金位居美利信十大流通股东。华夏产业升级混合A（005774）二季度减 持68.59万股，持有股数149.61万股，占流通股的比例为1.37%。根据测算，今日浮盈赚取约329.14万 元。 华夏产业升级混合A（005774）成立日期2018年8月24日，最新规模6.04亿。今年以来收益28.99%，同 类排名3130/8172；近一年收益49.68%，同类排名 ...

华夏产业升级混合A（005774）基金经理为代瑞亮。 9月12日，美利信涨5.32%，截至发稿，报33.09元/股，成交2.83亿元，换手率8.20%，总市值69.69亿 元。 资料显示，重庆美利信科技股份有限公司位于重庆市巴南区天安路1号附1号,附2号，成立日期2001年5 月14日，上市日期2023年4月24日，公司主营业务涉及通信领域和汽车领域铝合金精密压铸件的研发、 生产和销售。主营业务收入构成为：汽车类零部件64.79%，通信类结构件29.88%，其他(补充)3.84%， 其他类零部件1.49%。 从美利信十大流通股东角度 数据显示，华夏基金旗下1只基金位居美利信十大流通股东。华夏产业升级混合A（005774）二季度减 持68.59万股，持有股数149.61万股，占流通股的比例为1.37%。根据测算，今日浮盈赚取约249.85万 元。 华夏产业升级混合A（005774）成立日期2018年8月24日，最新规模6.04亿。今年以来收益21.9%，同类 排名3884/8174；近一年收益41.88%，同类排名3847/7981；成立以来收益129.23%。 截至发稿，代瑞亮累计任职时间10年183天，现任 ...

Investment Rating - The report assigns a rating of "Accumulate" to the company, indicating an expected relative performance increase of 5% to 15% over the next 6 to 12 months [2]. Core Views - The company is facing profit pressure due to multiple factors, but it is expanding into the semiconductor and high-end precision industries, which are expected to drive future growth [2][5]. - The company reported a revenue of 1.86 billion yuan in the first half of 2025, a year-on-year increase of 12.4%, but continued to incur a net loss of 110 million yuan [3]. - The automotive parts segment showed strong performance with a revenue increase of 17.6%, while the communication segment remained stable [5]. Summary by Sections Financial Performance - The company’s revenue for 2023 is projected at 3.189 billion yuan, with a growth rate of 1% year-on-year. By 2025, revenue is expected to reach 4.431 billion yuan, reflecting a growth rate of 21% [2]. - The net profit for 2025 is adjusted to 33 million yuan, with projections of 148 million yuan and 207 million yuan for 2026 and 2027, respectively [5]. - The gross margin for the first half of 2025 was 7.46%, down 3.88 percentage points year-on-year, with the communication segment's gross margin at 4.43% [5]. Business Development - The company established a joint laboratory for thermal management and materials with top universities, aiming to provide comprehensive thermal management solutions across various sectors [4]. - The company is accelerating its globalization strategy through acquisitions, particularly in North America, to enhance its competitive edge [5]. Market Position - The semiconductor and thermal management sectors are identified as key growth areas, with the company leveraging its expertise in precision component manufacturing to meet client needs [5].

Core Viewpoint - The company, Meilixin Technology Co., Ltd., is actively involved in the integrated die-casting and autonomous driving sectors, showcasing significant technological advancements and a diverse client base in both traditional and new energy vehicle markets [2][7]. Company Overview - Meilixin Technology was established on May 14, 2001, and went public on April 24, 2023. The company specializes in the research, production, and sales of aluminum alloy precision die-casting parts for the communication and automotive sectors [7]. - The revenue composition of the company includes 64.66% from automotive components, 31.14% from communication structural parts, and 2.50% from other categories [7]. Industry Position - The company is recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title in China for companies excelling in niche markets with strong innovation capabilities and high market share [2]. - Meilixin is one of the few companies with large-scale integrated die-casting technology, possessing 8800-ton and 7000-ton die-casting islands, and has received customer recognition for the quality of its products [2]. Financial Performance - For the first quarter of 2025, Meilixin reported a revenue of 8.81 billion yuan, reflecting a year-on-year growth of 14.39%. However, the net profit attributable to shareholders was a loss of 6010.95 million yuan, a decrease of 1076.12% compared to the previous year [8]. - The company has distributed a total of 2527.20 million yuan in dividends since its A-share listing [9]. Market Activity - On August 12, the stock price of Meilixin increased by 0.20%, with a trading volume of 116 million yuan and a turnover rate of 4.22%, leading to a total market capitalization of 5.328 billion yuan [1]. - The stock has seen a net inflow of 446,600 yuan from major investors, indicating a lack of clear trend in major holdings [4][5].