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 数据显示，富荣基金旗下1只基金重仓伟创电气。富荣福锦混合A（005164）三季度持有股数1.62万股， 占基金净值比例为5.86%，位居第十大重仓股。根据测算，今日浮盈赚取约1.87万元。连续4天上涨期间 浮盈赚取28.85万元。 富荣福锦混合A（005164）成立日期2018年3月16日，最新规模774.56万。今年以来收益14.69%，同类 排名5127/8087；近一年收益9.42%，同类排名5775/8085；成立以来收益144.31%。 富荣福锦混合A（005164）基金经理为毛运宏。 截至发稿，毛运宏累计任职时间216天，现任基金资产总规模2640.86万元，任职期间最佳基金回报 19.44%， 任职期间最差基金回报19.37%。 12月30日，伟创电气涨1.23%，截至发稿，报94.60元/股，成交4.20亿元，换手率2.11%，总市值202.25 亿元。伟创电气股价已经连续4天上涨，区间累 ...

浙商证券研报指出，领益智造收购立敏达强化服务器布局，多轮驱动全面打造平台型成长。在收购立敏 达之前，领益本身便已通过内生的方式开启服务器业务的布局，并在重要服务器类客户的电源类与液冷 类业务实现了快速的切入和推进。公司在人形机器人、AI眼镜等新兴产业顺利完成卡位布局。人形机 器人领域，公司拥有伺服电机、减速器、驱动器、运动控制器等执行层的核心技术，已为人形机器人关 键客户提供头部总成、灵巧手总成、四肢总成、高功率充电和散热解决方案等核心硬件，在联合开发和 整机组装有成熟经验，公司确定了"三位一体"的具身智能战略，包括专注核心零部件、总成研发设计； 打造全方位硬件服务；为机器人提供完备的工业应用场景落地开发，致力于成为全球TOP 3的具身智能 硬件制造商。当下市值对应的PE分别为41.10、29.79和24.12倍，维持"买入"评级。 ...

Group 1 - The core viewpoint of the article highlights that Xiechang Technology (301418.SZ) is focusing on the development of motion controller products primarily used in electric bicycles, electric light motorcycles, electric motorcycles, and electric tricycles [1] - The company's power chip products are mainly applied in downstream sectors such as electric vehicles, power tools, consumer electronics, and home appliances [1] - The company plans to carefully consider its business planning based on its development strategy and market conditions [1]

（文章来源：证券日报） 证券日报网讯 12月16日，协昌科技在互动平台回答投资者提问时表示，运动控制器以电力电子技术为 核心，融合了自动控制技术、微电子技术、计算机技术、信息传感技术、电磁兼容技术等诸多技术门 类，公司运动控制器产品开发覆盖了控制软件开发、MCU参数定义、电子线路设计等多个技术领域， 主要应用于电动自行车、电动轻摩、电动摩托车及电动三轮车等领域。 ...

长江商报消息 ●长江商报记者 张璐 运动控制领域核心企业雷赛智能（002979.SZ）加速推进产能扩张与技术升级。 12月12日，雷赛智能公告称，计划定向增发募集资金总额不超过11.44亿元，资金将聚焦智能装备运动 控制核心零部件研发及产业化、信息化建设与智能仓储升级，同时补充流动资金，为业务持续扩张筑牢 基础。 经营层面，公司业绩增长势头持续强化，资产规模稳步攀升。2025年前三季度，雷赛智能实现营收13亿 元，同比增长12.57%；归母净利润1.6亿元，同比增长11.01%。截至2025年三季度末，公司总资产达到 28.22亿元，较上年同期增长24.21%，创下历史新高，资产负债率维持在40.9%的合理水平。 长江商报记者注意到，技术创新始终是公司发展核心驱动力，其研发费用率常年保持高位。2021年— 2025年前三季度，雷赛智能累计研发费用达到8.7亿元，各期研发费用率均维持在10%以上，2025年前 三季度其研发费用率达12.77%。 其次，"信息化建设及智能仓储项目"拟投入募资1.41亿元，占比12.33%，该项目将在公司现有信息系统 的基础上，升级企业资源管理系统，引进WMS系统、MES 系统、P ...

格隆汇11月26日丨领益智造(002600.SZ)在互动平台表示，公司在机器人领域拥有伺服电机、减速器、 驱动器、运动控制器等执行层核心技术，在机器人底盘、灵巧手 、关节模组、手臂、皮肤/外壳、散热 方案、充电方案等具备研发能力和量产经验，已为多家北美和国内行业头部客户提供相关硬件，也已在 人形机器人/机械狗整机ODM组装方面有成熟经验。 ...

Group 1 - The core point of the news is the performance and market position of Weichuang Electric, which saw a stock price increase of 5.02% to 85.20 CNY per share, with a total market capitalization of 18.215 billion CNY [1] - Weichuang Electric, established on October 17, 2013, specializes in the research, production, and sales of products such as inverters, servo systems, and motion controllers, with the main revenue sources being inverters (62.29%), servo systems and control systems (32.33%), digital energy (2.32%), and other categories [1] - The company is located in Suzhou, Jiangsu Province, and was listed on December 29, 2020 [1] Group 2 - According to data, the fund "Fuan Da Yangtze River Delta Theme Mixed A" holds a significant position in Weichuang Electric, with 22,800 shares, accounting for 4.02% of the fund's net value, making it the seventh-largest holding [2] - The fund has achieved a year-to-date return of 48.13%, ranking 1051 out of 8149 in its category, and a one-year return of 31.91%, ranking 1944 out of 8053 [2] - The fund manager, Yang Hong, has been in charge for 6 years and 136 days, with the best fund return during this period being 65.42% [3]

Group 1: Market Overview - Recent volatility in the US stock market has raised concerns about a potential new round of corrections globally, with the Nasdaq dropping 2% on November 4 and significant pullbacks in Japanese and Korean markets [2][11] - The tightening of dollar liquidity due to the US government shutdown has been identified as a catalyst for increased market fluctuations, with the Treasury General Account (TGA) rising by $200 billion since October [11] Group 2: North Exchange Quarterly Report - The North Exchange's Q3 2025 report shows a revenue growth of 5.3% year-on-year, while net profit decreased by 5.0%, indicating a recovery in revenue but ongoing challenges in profitability [10][12] - The return on equity (ROE) improved slightly to 6.1%, with asset turnover at 62.0% and a net profit margin of 5.6% [10][12] Group 3: Investment Opportunities in Specific Sectors - The technology and manufacturing sectors are experiencing continued growth, particularly in industries benefiting from anti-involution policies, such as basic chemicals and military equipment [14] - The AI sector remains robust, with companies in this space showing significant revenue growth, although concerns about potential bubbles are emerging [11][21] Group 4: Floating Rate Bond Strategy - Floating rate bonds are gaining traction due to their advantages in terms of duration and yield enhancement, particularly appealing to money market funds [13][18] - The market for floating rate bonds is expected to expand further in a declining interest rate environment, providing a defensive investment option during market downturns [18] Group 5: Weichuang Electric Overview - Weichuang Electric, a key player in the industrial control sector, has shown steady growth and is actively expanding into the humanoid robotics market, leveraging its existing technology [19][20] - The company is projected to achieve revenues of 1.913 billion, 2.234 billion, and 2.612 billion yuan from 2025 to 2027, with a corresponding net profit of 274 million, 318 million, and 376 million yuan [19] Group 6: Pharmaceutical Sector Performance - The pharmaceutical and biotechnology sector reported a revenue of 180.64 billion yuan in Q3 2025, with a slight year-on-year decline of 1.9%, but a positive cash flow trend indicates potential recovery [21][24] - The innovative drug segment has shown remarkable growth, with a 36% increase in revenue in Q3 2025, signaling strong market demand [21][24]

Core Viewpoint - Weichuang Electric has shown steady growth in revenue and net profit in the first three quarters of 2025, driven by its core products, including frequency converters and servo systems [6] Group 1: Company Overview - Weichuang Electric was established on October 17, 2013, and listed on the Shanghai Stock Exchange on December 29, 2020, with its registered and office address in Suzhou, Jiangsu Province [1] - The company specializes in the research, production, and sales of frequency converters, servo systems, and motion controllers, classified under the mechanical equipment-automation equipment-industrial control equipment sector [1] Group 2: Financial Performance - In Q3 2025, Weichuang Electric achieved a revenue of 1.35 billion yuan, ranking 12th among 30 peers, with the industry leader, Inovance Technology, generating 31.663 billion yuan [2] - The revenue breakdown includes 559 million yuan from frequency converters (62.29%), 290 million yuan from servo systems and control systems (32.33%), and 20.86 million yuan from digital energy products (2.32%) [2] - The net profit for the same period was 221 million yuan, placing the company 8th in the industry, with the top performer, Inovance Technology, reporting a net profit of 4.317 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, Weichuang Electric's debt-to-asset ratio was 35.50%, higher than the previous year's 27.33% and above the industry average of 34.21% [3] - The company's gross profit margin was 37.75%, down from 40.53% year-on-year but still above the industry average of 33.30% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.39% to 9,910, while the average number of circulating A-shares held per household increased by 5.79% to 21,600 [5] - The top ten circulating shareholders include notable funds, with changes in their holdings reflecting market dynamics [5] Group 5: Future Outlook - According to Minsheng Securities, Weichuang Electric is expected to continue its growth trajectory, with projected revenues of 1.94 billion, 2.31 billion, and 2.82 billion yuan for 2025, 2026, and 2027, respectively, reflecting growth rates of 18.3%, 19.0%, and 22.1% [6] - The company is actively exploring new products and markets, with significant growth in its digital energy product line and overseas business [6]

Performance Review - The company reported a revenue of 37.59 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 19.39%, and a net profit attributable to shareholders of 1.94 billion yuan, up 38.17% year-on-year [1] - In the third quarter of 2025, the company achieved a revenue of 13.97 billion yuan, a year-on-year increase of 12.94%, and a net profit of 1.01 billion yuan, growing 41.91% year-on-year, exceeding expectations [1] - The gross margin for the third quarter of 2025 increased by 2.0 percentage points to 19.20% [1] Development Trends - The company is strategically positioned in several key areas: 1. Robotics: Mastery of core technologies such as servo motors and motion controllers, providing essential components and modules to clients [2] 2. AI Glasses: Engagement in injection molding and thermal solutions, with deep ties to leading clients [2] 3. Foldable Screens: Comprehensive layout in structural components, including carbon fiber supports and thermal plates, integrated into major client products [2] 4. Servers: Collaboration with global clients on GPU and CPU cooling products, with proprietary thermal technology development [2] - The acquisition of 96.15% of Zhejiang Xianglong for 2.404 billion yuan enhances the company's automotive parts capabilities, with a commitment to achieve net profits of no less than 1.75/2.00/2.25 billion yuan for the years 2025/2026/2027, totaling at least 6.00 billion yuan over three years [2] Profit Forecast and Valuation - Due to better-than-expected gross margins and the profit enhancement from the acquisition of Zhejiang Xianglong, the company has raised its EPS estimates for 2025/26 by 10%/15% to 0.34/0.44 yuan [3] - The current stock price corresponds to a P/E ratio of 46.3/36.0x for 2025/26 [3] - The target price has been increased by 17.6% to 20.0 yuan, reflecting a P/E of 58.2/45.2x for 2025/26, indicating a potential upside of 25.5% compared to the current price [3]