调研纪要：亚普股份在机构调研中表示，混动燃油系统因结构和工艺复杂，单件价值高于传统燃油系 统。公司海外业务起步早、布局全、后劲足，已在4大洲11个国家建立25个生产基地和7个工程技术中 心。未来混动车市场占比提升将促进公司相关业务收入增长。公司近期收购的赢双科技专注于旋转变压 器及特种电机产品，客户涵盖主流车企、轨道交通厂商及工业机械、航空军工等厂商。 根据市场公开信息及7月30日披露的机构调研信息，知名私募老渔民投资近期对1家上市公司进行了调 研，相关名单如下： 1）亚普股份 （老渔民投资参与公司特定对象调研） 上海老渔民投资有限公司成立于2015年3月19日。"客户利益第一"是本公司的核心经营理念。公司致力 于打造一支和谐、专业、有能力的团队，严守法律法规，规范经营，遵守职业道德，为客户和股东创造 更多的财富，并成为为社会提供正能量的力量。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 机构简介： ...

Group 1 - The core viewpoint of the article highlights the recent developments and strategic positioning of the company in the hybrid fuel system market, as well as its international expansion efforts [1][3][5] - The company has established a global presence with 25 production bases and 7 engineering technology centers across 11 countries on 4 continents, enhancing its ability to serve customers and support global development [3] - The company has seen a 6.23% year-on-year increase in main revenue, reaching 1.975 billion yuan, and a 0.9% increase in net profit, amounting to 129 million yuan in the first quarter of 2025 [7] Group 2 - The company is positioned as a key player in the hybrid fuel system sector, with its products having a higher unit value compared to traditional fuel systems due to the complexity of hybrid vehicle requirements [4][5] - The recent acquisition of Winshang Technology, which specializes in rotary transformers and special motor products, is expected to enhance the company's capabilities in the electric drive systems for new energy vehicles [6] - The company’s client base includes major automotive manufacturers and industrial firms, indicating a strong market position and potential for future growth [7]