10月9日，德业股份盘中上涨2.00%，截至09:47，报82.62元/股，成交6.77亿元，换手率0.92%，总市值 747.26亿元。 机构持仓方面，截止2025年6月30日，德业股份十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股3229.13万股，相比上期增加948.08万股。泉果旭源三年持有期混合A（016709）位居第五 大流通股东，持股864.14万股，相比上期增加270.26万股。广发小盘成长混合(LOF)A（162703）位居第 六大流通股东，持股770.16万股，相比上期增加220.05万股。华泰柏瑞沪深300ETF（510300）位居第七 大流通股东，持股651.75万股，相比上期增加207.80万股。交银先进制造混合A（519704）位居第九大 流通股东，持股585.05万股，为新进股东。广发高端制造股票A（004997）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，宁波德业科技股份有限公司位于浙江省宁波市北仑区大碶甬江南路26号，成立日期2000年8 月4日，上市日期2021年4月20日，公司主营业务涉及从事蒸发器、冷凝器和变频控制芯片等部件以及除 湿机和空气源 ...

9月30日，银轮股份盘中下跌2.00%，截至10:00，报41.65元/股，成交2.48亿元，换手率0.75%，总市值 347.69亿元。 资金流向方面，主力资金净流入66.86万元，特大单买入801.48万元，占比3.23%，卖出1206.14万元，占 比4.87%；大单买入5530.88万元，占比22.32%，卖出5059.35万元，占比20.42%。 银轮股份今年以来股价涨123.91%，近5个交易日跌0.60%，近20日涨11.87%，近60日涨80.85%。 今年以来银轮股份已经3次登上龙虎榜，最近一次登上龙虎榜为9月18日。 资料显示，浙江银轮机械股份有限公司位于浙江省天台县福溪街道始丰东路8号，成立日期1999年3月10 日，上市日期2007年4月18日，公司主营业务涉及油、水、气、冷媒间的热交换器、汽车空调等热管理 产品以及后处理排气系统相关产品的研发、生产与销售。主营业务收入构成为：热交换器88.73%，其 他10.51%，贸易0.76%。 银轮股份所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：汽车热管理、国 六概念、尾气处理、机器人概念、创投等。 截至6月30日，银 ...

Core Viewpoint - DeYe Co., Ltd. has shown significant stock price growth and strong financial performance in recent months, indicating a positive outlook for the company in the renewable energy sector, particularly in inverter and energy storage solutions [1][2]. Financial Performance - As of June 30, 2025, DeYe Co., Ltd. achieved a revenue of 5.535 billion yuan, representing a year-on-year growth of 16.58% [2]. - The net profit attributable to shareholders for the same period was 1.522 billion yuan, reflecting a year-on-year increase of 23.18% [2]. - The company has distributed a total of 4.238 billion yuan in dividends since its A-share listing, with 3.897 billion yuan distributed over the past three years [3]. Stock Market Activity - On September 30, 2023, DeYe Co., Ltd.'s stock price increased by 2.09%, reaching 77.08 yuan per share, with a trading volume of 341 million yuan and a turnover rate of 0.50% [1]. - The company's stock has risen by 31.28% year-to-date, with notable increases of 8.89% over the last five trading days, 22.00% over the last 20 days, and 40.30% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the most recent appearance on September 5 [1]. Shareholder Composition - As of June 30, 2025, DeYe Co., Ltd. had 52,300 shareholders, an increase of 76.28% from the previous period, with an average of 17,284 circulating shares per shareholder, down by 20.57% [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 32.2913 million shares, an increase of 9.4808 million shares from the previous period [3].

数据显示，华泰柏瑞基金旗下1只基金位居德业股份十大流通股东。华泰柏瑞沪深300ETF（510300）二 季度增持207.8万股，持有股数651.75万股，占流通股的比例为0.72%。根据测算，今日浮盈赚取约 2411.46万元。 华泰柏瑞沪深300ETF（510300）成立日期2012年5月4日，最新规模3747.04亿。今年以来收益18.19%， 同类排名2810/4220；近一年收益31.32%，同类排名2412/3835；成立以来收益111.49%。 9月29日，德业股份涨5.08%，截至发稿，报76.60元/股，成交8.80亿元，换手率1.29%，总市值692.81亿 元。 资料显示，宁波德业科技股份有限公司位于浙江省宁波市北仑区大碶甬江南路26号，成立日期2000年8 月4日，上市日期2021年4月20日，公司主营业务涉及从事蒸发器、冷凝器和变频控制芯片等部件以及除 湿机和空气源热泵热风机等环境电器产品的研发、生产和销售。主营业务收入构成为：逆变器 47.77%，储能电池包25.69%，热交换器15.68%，除湿机7.36%，其他3.16%，其他(补充)0.34%。 从德业股份十大流通股东角度 风险 ...

Investment Rating - The report gives a "Buy" rating for the company [15]. Core Views - The company is a leader in automotive thermal management in China, expanding into digital energy and robotics, with significant growth potential in these areas [5][13]. - The company has seen a substantial increase in net profit, projected to reach 9.6 billion yuan in 2025, with a corresponding PE ratio of 36.4x [5][13]. Summary by Sections Company Overview - The company has over 40 years of experience in automotive thermal management and is focusing on business expansion and globalization [8]. - It has developed four major growth curves: commercial vehicles, passenger vehicles, digital energy, and robotics [8]. Automotive Sector - The transition to new energy vehicles is driving upgrades in thermal management systems, with significant growth in both passenger and commercial vehicle segments [9]. - The domestic market for passenger vehicle thermal management is expected to reach 166.3 billion yuan by 2030, with a projected revenue of 51.1 billion yuan in 2024, reflecting a CAGR of 105.0% from 2020 to 2024 [9]. Digital Energy - The company is expanding its thermal management solutions from automotive applications to data centers and energy storage, with a projected market space of 10.3 billion yuan in 2024 [10]. - The global demand for liquid cooling solutions in data centers is expected to create a supply gap, with the company positioned to capitalize on this trend [10]. Robotics - The company is entering the robotics sector with a focus on embodied intelligence, which is expected to open up long-term growth opportunities [11]. International Expansion - The company has established R&D and production bases in the US, Mexico, Sweden, and Poland, with overseas revenue projected to reach 32.9 billion yuan in 2024 [12]. - The international business is entering a profitable phase, with North America expected to turn profitable in 2024 and Europe in 2025 [12]. Financial Performance - The company's revenue has grown from 2.2 billion yuan in 2021 to a projected 7.8 billion yuan in 2024, with a CAGR of 52.6% [8][41]. - The company’s net profit for the first half of 2025 is expected to be 4.4 billion yuan, reflecting a year-on-year growth of 9.5% [8][41]. Investment Recommendations - The report emphasizes the company's leadership in automotive thermal management and the growth potential in digital energy and robotics, supporting the "Buy" rating [5][13].

Core Viewpoint - Silver Wheel Co., Ltd. has shown significant stock performance with a year-to-date increase of 129.40%, despite a recent decline of 3.02% over the last five trading days [1] Group 1: Stock Performance - As of September 25, Silver Wheel's stock price reached 42.67 CNY per share, with a market capitalization of 35.62 billion CNY [1] - The stock has experienced a trading volume of 655 million CNY and a turnover rate of 1.99% [1] - The company has appeared on the "龙虎榜" three times this year, with the latest occurrence on September 18 [1] Group 2: Financial Performance - For the first half of 2025, Silver Wheel reported a revenue of 7.168 billion CNY, reflecting a year-on-year growth of 16.52% [2] - The net profit attributable to shareholders for the same period was 441 million CNY, marking a 9.53% increase year-on-year [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased by 12.11% to 56,800, while the average number of tradable shares per shareholder decreased by 10.80% to 13,797 shares [2] - Cumulatively, the company has distributed 635 million CNY in dividends since its A-share listing, with 245 million CNY distributed over the past three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 10.164 million shares, a decrease of 10.0456 million shares from the previous period [3]

Core Viewpoint - DeYe Co., Ltd. has shown significant stock performance and financial growth, with a notable increase in revenue and net profit year-on-year, indicating strong market positioning in the power equipment sector, particularly in inverters and energy storage solutions [1][2]. Financial Performance - As of June 30, 2025, DeYe Co., Ltd. achieved a revenue of 5.535 billion yuan, representing a year-on-year growth of 16.58% [2]. - The net profit attributable to shareholders for the same period was 1.522 billion yuan, reflecting a year-on-year increase of 23.18% [2]. - The company has distributed a total of 4.238 billion yuan in dividends since its A-share listing, with 3.897 billion yuan distributed over the past three years [3]. Stock Market Activity - On September 24, 2023, DeYe Co., Ltd.'s stock price increased by 2.15%, reaching 72.31 yuan per share, with a trading volume of 9.13 billion yuan and a turnover rate of 1.41% [1]. - The stock has appreciated by 23.16% year-to-date, with a 2.80% increase over the last five trading days, 19.42% over the last 20 days, and 37.58% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the most recent appearance on September 5 [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for DeYe Co., Ltd. was 52,300, an increase of 76.28% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 20.57% to 17,284 shares [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 32.2913 million shares, and other significant funds that have increased their holdings [3].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% against the market benchmark within the next six months [20]. Core Insights - The company reported a revenue of 5.535 billion yuan for the first half of 2025, representing a year-on-year increase of 16.58%. The net profit attributable to shareholders was 1.522 billion yuan, up 23.18% year-on-year [2][4]. - The inverter business showed significant growth, with revenue reaching 2.644 billion yuan in the first half of 2025, a 13.9% increase year-on-year. The shipment volume was 763,800 units, up 7.32% year-on-year [4][3]. - The battery pack business experienced remarkable growth, with revenue of 1.422 billion yuan in the first half of 2025, marking an 85.8% year-on-year increase [5]. - The company launched an employee stock ownership plan, covering up to 800 individuals, with a total scale not exceeding 50 million yuan, reflecting confidence in future performance [6]. Financial Performance Summary - For the second quarter of 2025, the company achieved a revenue of 2.969 billion yuan, a 3.65% year-on-year increase and a 15.7% quarter-on-quarter increase. The net profit attributable to shareholders was 817 million yuan, up 1.72% year-on-year and 15.74% quarter-on-quarter [2][4]. - The gross margin for the inverter business was 47.8% in the first half of 2025, showing a slight increase of 0.8 percentage points year-on-year [4]. - The company expects net profits for 2025-2027 to be 3.52 billion, 4.33 billion, and 5.19 billion yuan respectively, with year-on-year growth rates of 19%, 23%, and 20% [7].

Core Viewpoint - The company reported strong financial performance for the first half of 2025, with significant growth in revenue and net profit, driven by the demand for energy storage inverters and battery packs [2][3]. Financial Performance - In H1 2025, the company achieved revenue of 5.535 billion yuan, a year-on-year increase of 16.58%, and a net profit attributable to shareholders of 1.522 billion yuan, up 23.18% year-on-year [2]. - In Q2 2025, the company recorded revenue of 2.969 billion yuan, a year-on-year increase of 3.65% and a quarter-on-quarter increase of 15.7% [2]. Inverter and Battery Pack Business - The inverter segment generated revenue of 2.644 billion yuan in H1 2025, reflecting a year-on-year growth of 13.9%, with a total shipment of 763,800 units, up 7.32% year-on-year [3]. - The energy storage inverter shipments reached 315,600 units, a significant increase of 47% year-on-year, while the shipments of string and micro inverters decreased by 10% [3]. - The battery pack business saw revenue growth of 85.8% year-on-year, reaching 1.422 billion yuan in H1 2025, driven by increased global demand for household storage solutions [3]. Home Appliance Business - The dehumidifier segment reported revenue of 408 million yuan in H1 2025, down 10.3% year-on-year, primarily due to a shorter rainy season and increased export uncertainties [4]. - The heat exchanger segment experienced a revenue decline of 17.83% year-on-year, totaling 868 million yuan, although there were signs of recovery in Q2 2025 with a quarter-on-quarter increase of 38% [4]. Employee Stock Ownership Plan - The company announced a 2025 employee stock ownership plan covering up to 800 individuals, with a total scale not exceeding 50 million yuan, aimed at enhancing employee motivation and company competitiveness [4]. Profit Forecast and Investment Recommendation - The company forecasts net profits attributable to shareholders of 3.52 billion yuan, 4.33 billion yuan, and 5.19 billion yuan for 2025-2027, representing year-on-year growth rates of 19%, 23%, and 20% respectively [5]. - The current stock price corresponds to a price-to-earnings ratio of 17.8, 14.5, and 12.1 for the years 2025-2027, indicating a favorable investment outlook [5].

Group 1 - The core viewpoint of the news is that Zhejiang Yinlun Machinery Co., Ltd. has seen a significant increase in its stock price, with a rise of 5.1% to 42.67 CNY per share, and a total market capitalization of 35.62 billion CNY [1] - The company specializes in the research, production, and sales of heat exchangers, automotive air conditioning, and related exhaust after-treatment systems, with heat exchangers accounting for 88.73% of its main business revenue [1] - The trading volume for the stock reached 1.555 billion CNY, with a turnover rate of 4.79% [1] Group 2 - Taiping Fund has a significant holding in Yinlun shares, with the Taiping Technology Pioneer Mixed Fund A (023044) holding 60,000 shares, representing 5.21% of the fund's net value, making it the second-largest holding [2] - The fund has generated a floating profit of approximately 124,200 CNY from its investment in Yinlun shares [2] - The fund was established on April 1, 2025, and has a total scale of 23.0144 million CNY, with a cumulative return of 37.06% since inception [2]