汽车产业电动化转型大势已定，全球零部件巨头行至战略抉择的"十字路口"，其前行方向将决定行 业新一轮的竞争格局。近日，德国舍弗勒集团正式签署协议，将原纬湃科技旗下涡轮增压器中国区业 务，整体出售给成都西菱动力科技有限公司（以下简称"西菱动力"）。这一交易不仅是舍弗勒业务结构 优化战略的关键举措，更标志着其"去内燃机化"再进一步。 舍弗勒剥离非核心资产 据了解，此次交易的标的为纬湃汽车电子（上海）有限公司（以下简称"纬湃电子上海"）100％股权， 该公司实际运营着纬湃科技涡轮增压器中国区业务，2024年营收约1亿欧元，但持续深陷亏损"泥潭"。 财务数据显示，2024年纬湃电子上海的净亏损达2258.11万元，2025年前三季度净亏损进一步扩大至 4606.38万元，资金链承压明显。对于舍弗勒而言，这一亏损资产与集团向汽车电动化转型的核心战略 已严重背离，剥离成为必然选择。 这一决策的背后，是舍弗勒对纬湃科技长达两年的收购与整合逻辑。回溯2023年10月，舍弗勒宣布收购 纬湃科技，并于2024年四季度完成交易。作为大陆集团拆分出来的动力总成巨头，纬湃科技在电驱动和 内燃机零部件领域均拥有深厚技术积累，此次收购被业内 ...

由吉利控股集团董事长李书福一双儿女掌舵，宁波丰沃增压科技股份有限公司（以下简称"丰沃股份"）的冲A事项迎来最新进展。近期，公司沪市主板IPO 更新披露招股书，并对外披露了首轮审核问询函回复。值得关注的是，在本次冲击上市背后，公司主要产品涡轮增压器的销售价格逐年下降。另外，从最新 披露的2025年上半年数据来看，公司上半年向前五大客户销售占比超九成，而超三成均来自吉利控股集团及与其同属于同一控制下的主体（以下简称"吉利 集团"）。 | 公司全称 | 宁波丰沃增压科技股份有限公司 | | --- | --- | | 公司简称 | 丰沃股份 | | 审核状态 | 已问询 | 近期，丰沃股份主板IPO交出了首轮审核问询"答卷"。据了解，丰沃股份主营业务为涡轮增压器的研发、制造及销售，并向电动增压器、空气悬架核心零部 件领域拓展。公司主板IPO于2025年6月26日获得受理，当年7月18日进入问询阶段。 本次冲击上市，丰沃股份拟募集资金约6.56亿元，其中1.08亿元拟用于补充流动资金，其余募集资金则拟分别用于年产100万套涡轮增压器项目、年产60万套 空气悬架零部件项目。不过值得一提的是，在计划募资补流的同时，丰沃股 ...

由吉利控股集团董事长李书福一双儿女掌舵，宁波丰沃增压科技股份有限公司（以下简称"丰沃股份"）的冲A事项迎来最新进展。近期，公司沪市主板IPO 更新披露招股书，并对外披露了首轮审核问询函回复。值得关注的是，在本次冲击上市背后，公司主要产品涡轮增压器的销售价格逐年下降。另外，从最新 披露的2025年上半年数据来看，公司上半年向前五大客户销售占比超九成，而超三成均来自吉利控股集团及与其同属于同一控制下的主体（以下简称"吉利 集团"）。 | 公司全称 | 宁波丰沃增压科技股份有限公司 | | --- | --- | | 公司简称 | 丰沃股份 | | 审核状态 | 已问询 | 北京商报记者 马换换 王蔓蕾 本次冲击上市，丰沃股份拟募集资金约6.56亿元，其中1.08亿元拟用于补充流动资金，其余募集资金则拟分别用于年产100万套涡轮增压器项目、年产60万套 空气悬架零部件项目。不过值得一提的是，在计划募资补流的同时，丰沃股份还曾于2023年进行大手笔现金分红，当期分红金额为1.2亿元。 从业绩表现来看，2022—2024年，丰沃股份实现营业收入分别约为13.99亿元、15.98亿元、20.67亿元；对应实现归属净利润约 ...

北京商报讯（记者 马换换 李佳雪）11月18日，上交所官网显示，宁波丰沃增压科技股份有限公司（以 下简称"丰沃股份"）主板IPO对外披露了首轮审核问询函回复。 本次冲击上市，丰沃股份拟募集资金约6.56亿元，扣除发行费用后，将用于年产100万套涡轮增压器项 目、年产60万套空气悬架零部件项目、补充流动资金。 在首轮审核问询函中，丰沃股份业务与技术、营业收入、主要客户及客户集中等问题遭到追问。 据了解，丰沃股份主营业务为涡轮增压器的研发、制造及销售，并向电动增压器、空气悬架核心零部件 领域拓展。公司IPO于2025年6月26日获得受理，并于当年7月18日进入问询阶段。 ...

Core Viewpoint - Schaeffler Group is advancing its "decarbonization" strategy by selling its internal combustion engine-related business in China, specifically the turbocharger operations of Weichai Technology, to Chengdu Xiling Power Technology Co., Ltd. This move is part of Schaeffler's ongoing efforts to divest non-core internal combustion engine operations and is a significant step in the integration process following its acquisition of Weichai Technology [2][8][10]. Summary by Sections Transaction Details - Schaeffler has signed an agreement to sell 100% of Weichai Automotive Electronics (Shanghai) Co., Ltd., which operates the turbocharger business in China. The expected revenue for 2024 is approximately €100 million, but the company is facing significant losses, with a net loss of ¥22.58 million in 2024 and a further increase to ¥46.06 million in the first three quarters of the year [3][5]. - The transaction will be completed through a cash payment, with a nominal base payment of ¥1, and the final price will be adjusted based on various financial metrics at the time of closing [5]. Strategic Implications - Chengdu Xiling Power views the turbocharger as a critical component in the mid-term power system, especially in the context of the automotive industry's shift towards hybrid and upgraded fuel vehicles. The company believes there is still substantial market potential for turbochargers [6]. - The acquisition is seen as an opportunity for Xiling Power to leverage Weichai's technological advantages in automated digital production lines and precision manufacturing processes, as well as its established relationships with major clients like Volkswagen [6]. Schaeffler's Business Restructuring - Schaeffler's divestment of the turbocharger business is part of a broader restructuring strategy following its acquisition of Weichai Technology, which is aimed at focusing on four core business divisions: electric drive, powertrain and chassis, vehicle lifecycle solutions, and bearings and industrial solutions. The electric drive division is identified as a strategic priority [8][10]. - The company has explicitly categorized the internal combustion engine turbocharger business as non-core and has initiated its sale to optimize resource allocation and free up capital for its core electric drive operations [10]. - Despite the divestment, Schaeffler acknowledges that internal combustion engine optimization and hybrid-related products will continue to be important for profit and cash flow in the foreseeable future [10].

Company News - Dream Home is planning to acquire control of ChuanTu Microelectronics through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring. The company's stock will be suspended from trading starting November 6 for up to 10 trading days [3] - Kweichow Moutai announced plans to repurchase shares worth between RMB 15 billion and RMB 30 billion, with a maximum repurchase price of RMB 1887.63 per share. The total cash dividend proposed for the mid-term distribution is RMB 300.01 billion, with a per-share payout of RMB 23.957 [4] - China Fortune Land Development issued a risk warning, noting that its stock has risen 95.21% over seven consecutive trading days, significantly deviating from its fundamentals, indicating a potential for rapid decline [5] - Kabeiyi announced a capital investment of RMB 100 million to establish a wholly-owned subsidiary focused on the research, production, and sales of humanoid robot components [6] - Jiayuan Technology signed a framework agreement with CATL to expand their business relationship, focusing on the supply and development of battery anode materials, with projected capacities of 157,000 tons, 204,000 tons, and 265,000 tons for the years 2026, 2027, and 2028, respectively [6] - Xiling Power plans to acquire 100% of Weipai Automotive Electronics, which will become a wholly-owned subsidiary, focusing on the production and sales of turbochargers [6] - Haosai was fined RMB 7 million for bribery, with its former chairman receiving a suspended prison sentence and a fine of RMB 3 million. The total penalties amount to RMB 28.52 million, representing 15.90% of the company's latest audited net profit [7] - Weining Health's subsidiary was fined RMB 800,000 for bribery, with the actual controller receiving a prison sentence of 18 months and a fine of RMB 200,000. The case is under appeal and is not expected to significantly impact the company's operations [8] Industry News - The Central Financial Office emphasized the need for financial risk prevention, strong regulation, and promoting high-quality development in the financial system, with a focus on improving the central bank system and optimizing financial institutions [2] - The Ministry of Commerce announced adjustments to export control lists and unreliable entity lists, indicating a shift in trade policy [2] - The Shanghai Stock Exchange reported a decline in new A-share accounts, with October seeing 2.31 million new accounts, a 21.36% decrease from September and a 66.26% decrease year-on-year [2]

Group 1 - Company MengTian Home is planning to acquire control of ChuanTu Microelectronics through a combination of issuing shares and cash payment, which is expected to constitute a major asset restructuring [1] - The actual controller of MengTian Home, Yu Jingyuan, is also planning a transfer of control, which is independent of the aforementioned acquisition [1] - The stock of MengTian Home has been suspended since November 6, 2025, with an expected suspension period of no more than 10 trading days [1] Group 2 - Kweichow Moutai plans to repurchase shares with an investment of between 1.5 billion and 3 billion RMB, with a maximum repurchase price of 1,887.63 RMB per share [2] - The repurchase will be conducted through centralized bidding and will be used for cancellation to reduce the company's registered capital [2] - The company also plans to distribute a cash dividend of 23.957 RMB per share, totaling approximately 30 billion RMB based on the total share capital as of September 30, 2025 [2] Group 3 - JiaYuan Technology has signed a cooperation framework agreement with CATL to deepen their long-term procurement cooperation in the supply, research, and production of materials for new battery anodes [3] - The agreement aims to enhance collaboration in technology research and market expansion, benefiting both companies [3] - JiaYuan Technology will be the preferred supplier for new products developed in cooperation with CATL, which will strengthen its competitive position in the industry [3] Group 4 - KaBeiYi has invested 100 million RMB to establish a wholly-owned subsidiary, Shanghai KaBeiYi Robotics, to accelerate the development of humanoid robot components [4] - The new subsidiary will operate independently and is expected to enhance the company's investment in humanoid robotics [4] Group 5 - Bertley has established a joint venture, Wuhu Bertley Drive Technology Co., Ltd., with a registered capital of 100 million RMB, where Bertley holds a 60% stake [5] - The joint venture will focus on the research, production, and sales of various electric motors, aligning with the company's strategy for technological autonomy and product diversification [5] - This strategic move is aimed at strengthening the company's position in high-growth sectors such as new energy vehicles and humanoid robotics [5] Group 6 - Tongling Nonferrous Metals has successfully acquired exploration rights for the JiGuangShan-HuVillage copper-gold-molybdenum mine for 3.204 billion RMB [6] - Ningbo Port expects to achieve a container throughput of 4.56 million TEUs in October 2025, representing a year-on-year increase of 12.4% [6] - Hongquan Technology will change its stock name to Hongquan Technology starting November 11, 2025, while maintaining its full name and stock code [6] Group 7 - Dongfeng Group has undergone a change in its controlling shareholder and actual controller, leading to a name change to Quzhou Dongfeng New Materials Group Co., Ltd. [7] - Yihong Long has been recognized as a national manufacturing single champion enterprise for its self-immune disease diagnostic products [7] Group 8 - China Shipbuilding Technology's subsidiary plans to publicly transfer 100% equity of a clean energy development company as part of its strategy to enhance operational quality and fund future projects [8] - HeimuDan's subsidiary is selling its developed digital economy industrial park properties for approximately 41.97 million RMB [8] Group 9 - Shenkai Co. has completed the transfer of shares from its original controlling shareholder to Shenzhen Huili Hongsheng Industrial Holdings, changing its controlling shareholder [9] - Luzhou Laojiao is investing approximately 1.478 billion RMB to build a historical and cultural industry park to enhance brand influence [9] Group 10 - Xiling Power has signed a share purchase agreement to acquire 100% of Weipai Automotive Electronics, which specializes in turbocharger production [10] - Mind Electronics plans to divest its 51% stake in a subsidiary for 14.8 million RMB to focus on core business development [10] Group 11 - Triangle Defense has signed development and framework order agreements with Siemens Energy to supply specific items, enhancing its international market presence [11] Group 12 - Hualan Co.'s controlling shareholder plans to increase its stake in the company by investing between 30 million and 60 million RMB [12] - Key executives of Kaili Medical have also increased their stakes in the company through market transactions [12]

Core Viewpoint - Xiling Power (300733) announced plans to acquire 100% equity of Weipai Automotive Electronics (Shanghai) Co., Ltd. through cash payment, which will make Weipai a wholly-owned subsidiary after the transaction is completed [1] Summary by Relevant Sections - **Transaction Details** - The transaction price includes a base payment, adjustments for net operating capital, cash and cash equivalents, and other current assets and liabilities [1] - The acquisition does not constitute a related party transaction or a major asset restructuring as defined by the regulations [1] - **Strategic Implications** - Weipai Automotive has industry-leading experience in fully automated digital intelligent production lines and precision manufacturing processes for turbochargers [1] - The integration of Weipai's advanced production line experience is expected to enhance Xiling Power's intelligent manufacturing capabilities [1]

Core Viewpoint - The company, Xiling Power (300733.SZ), plans to acquire 100% equity of Weipai Automotive Electronics (Shanghai) Co., Ltd. through cash payment, aiming to enhance its capabilities in the turbocharger market [1] Company Summary - Weipai Automotive specializes in the production and sales of turbochargers, serving well-known international automotive manufacturers [1] - The acquisition is expected to complement core capabilities and unlock significant collaborative value between the two companies [1] - Weipai Automotive possesses industry-leading experience in fully automated digital intelligent production lines and precision manufacturing processes for turbochargers [1] Industry Summary - The turbocharger market has substantial application potential, with certain business demands awaiting release [1] - The integration of Weipai Automotive's advanced production line experience is anticipated to improve the company's intelligent manufacturing capabilities [1] - Weipai Automotive has established deep connections with major clients like Volkswagen, enabling the company to quickly access the supply chain of leading automotive manufacturers [1]

Core Viewpoint - Xiling Power (300733.SZ) plans to acquire 100% equity of Weipai Automotive Electronics (Shanghai) Co., Ltd. through cash payment, focusing on the turbocharger production and sales business, primarily serving well-known international automotive manufacturers [1] Group 1: Acquisition Details - The acquisition aims to enhance core capabilities and stimulate deep collaborative value, as the turbocharger market still has significant application space and some business demands are urgent [1] - Weipai Automotive possesses industry-leading experience in fully automated digital intelligent production lines and precision manufacturing processes for turbochargers, which can help Xiling Power improve its intelligent manufacturing level [1] Group 2: Market Positioning - The integration will allow Xiling Power to leverage Weipai Automotive's advanced production line experience and quickly penetrate the supply chain systems of major automotive clients like Volkswagen, complementing its existing customer network [1]