证券日报网讯 9月25日晚间，隆盛科技发布公告称，公司于2025年8月18日召开第五届董事会第八次会 议、第五届监事会第八次会议，审议通过《关于控股孙公司签订的议案》。项目总投资约为2亿元，控 股孙公司重庆隆盛茂茂新能源科技有限公司（简称"隆盛茂茂"）拟设立独立法人公司作为项目实施主 体，开展新能源汽车驱动类零部件、热管理、轻量化部件等产品的生产制造。近日，上述独立法人公司 系公司控股孙公司隆盛茂茂的全资子公司，其已办理完成工商注册登记手续，并取得了重庆市沙坪坝区 市场监督管理局核发的《营业执照》。 （编辑 任世碧） ...

（文章来源：证券日报） 证券日报网讯 8月18日晚间，隆盛科技发布公告称，公司已于2025年8月18日召开第五届董事会第八次 会议、第五届监事会第八次会议，审议通过《关于控股孙公司签订的议案》。公司控股孙公司重庆隆盛 茂茂新能源科技有限公司（简称"隆盛茂茂"）拟与重庆共享工业投资有限公司签署《隆盛茂茂新能源汽 车轻量化零部件生产基地项目合作协议书》，将在重庆市沙坪坝区投资建设"隆盛茂茂新能源汽车轻量 化零部件生产基地项目"。项目总投资约为2亿元，拟设立独立法人公司作为项目实施主体，开展新能源 汽车驱动类零部件、热管理、轻量化部件等产品的生产制造。 ...

Core Viewpoint - Longsheng Technology (300680.SZ) announced plans to invest approximately 200 million yuan in a new production base for lightweight components for electric vehicles in Chongqing, aiming to enhance its capacity and competitiveness in the electric vehicle lightweight sector [1] Group 1 - The company’s subsidiary, Chongqing Longsheng Maomao New Energy Technology Co., Ltd., will sign a cooperation agreement with Chongqing Shared Industrial Investment Co., Ltd. [1] - The project will focus on the production and manufacturing of electric vehicle drive components, thermal management, and lightweight parts [1] - The investment is expected to leverage regional industrial cluster advantages to improve the company's core competitiveness and market influence [1]

Core Viewpoint - Longsheng Technology (300680.SZ) announced plans to invest approximately 200 million yuan in a new production base for lightweight components for electric vehicles in Chongqing, aiming to enhance its capacity and competitiveness in the new energy vehicle sector [1] Group 1 - The company’s subsidiary, Chongqing Longsheng Maomao New Energy Technology Co., Ltd., will sign a cooperation agreement with Chongqing Shared Industrial Investment Co., Ltd. [1] - The project will focus on the production of drive components, thermal management, and lightweight parts for new energy vehicles [1] - The investment is expected to leverage regional industrial cluster advantages to improve the company's core competitiveness and market influence [1]

Core Viewpoint - The company reported a revenue of 18.854 billion yuan for 2024, representing a year-on-year increase of 9.33%, and a net profit attributable to shareholders of 1.252 billion yuan, up 10.63% year-on-year. The performance in Q4 2024 and Q1 2025 met expectations, with a focus on expanding lightweight and air suspension systems, as well as accelerating the development of its robotics business [2][3][6]. Financial Performance - In 2024, the company's revenue from various segments was as follows: air suspension systems (10.65 billion yuan, +29.52%), lightweight components (25.18 billion yuan, +30.95%), rubber business (40.60 billion yuan, +12.78%), cooling systems (50.72 billion yuan, -2.20%), and sealing systems (38.05 billion yuan, +4.72%) [3]. - For Q4 2024, the company achieved a revenue of 4.359 billion yuan, down 2.50% year-on-year and 9.68% quarter-on-quarter, with a net profit of 200 million yuan, down 21.84% year-on-year and 40.48% quarter-on-quarter. In Q1 2025, revenue reached 4.854 billion yuan, up 3.45% year-on-year and 11.37% quarter-on-quarter, with a net profit of 403 million yuan, up 11.52% year-on-year and 101.46% quarter-on-quarter [2][4]. Profitability and Cost Management - The gross margin for Q4 2024 was 24.52%, an increase of 1.22 percentage points year-on-year and 2.07 percentage points quarter-on-quarter. The net profit margin for Q4 2024 was 4.58%, down 1.13 percentage points year-on-year and 2.37 percentage points quarter-on-quarter. For Q1 2025, the gross margin was 23.32%, up 0.91 percentage points year-on-year and down 1.20 percentage points quarter-on-quarter, while the net profit margin was 8.29%, up 0.60 percentage points year-on-year and 3.71 percentage points quarter-on-quarter [4][5]. - The company reported a total asset impairment of 296 million yuan in 2024, primarily due to inventory write-downs and long-term equity investment impairments [5]. Business Expansion and Strategic Initiatives - The company is accelerating the introduction of air suspension systems into the domestic passenger car market, with total orders amounting to 15.2 billion yuan, including 1.7 billion yuan for assembly products. The robotics business, particularly humanoid robots, is a core strategic focus, with plans to expand into components like harmonic reducers and sensors [3][6]. - Strategic partnerships have been established with companies such as Wuzhou Xinchun and Efort to enhance the production capabilities of the company's robotics products [3]. Future Outlook - The company has adjusted its net profit forecasts for 2025 and 2026 to 1.589 billion yuan and 1.807 billion yuan, respectively, with expected earnings per share of 1.21 yuan and 1.37 yuan. The expansion in air suspension, lightweight components, and robotics is anticipated to provide sustainable growth [6].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance in 2024 and Q1 2025 met expectations, with 2024 revenue reaching 18.85 billion yuan, a year-on-year increase of 9.33%, and net profit attributable to shareholders reaching 1.25 billion yuan, up 10.63% year-on-year [8] - The company is accelerating its expansion in the lightweight and air suspension markets, with significant progress in its robotics business, which is a core strategic focus for future development [8] - The company has secured a total order value of 15.2 billion yuan for its domestic air suspension business, with a total assembly product order value of approximately 1.7 billion yuan [8] - The company has signed strategic cooperation agreements with several partners to enhance its robotics product production capabilities [8] Financial Summary - Total revenue forecast for 2024 is 18.85 billion yuan, with a projected growth of 15.30% in 2025 and 15.00% in 2026 [1][9] - Net profit attributable to shareholders is expected to reach 1.59 billion yuan in 2025, reflecting a growth rate of 26.97% [1][9] - The company's earnings per share (EPS) is projected to be 1.21 yuan in 2025, with a price-to-earnings (P/E) ratio of 14.36 [1][9] - The gross profit margin for Q4 2024 was 24.52%, showing an increase compared to the previous year [8]