截至发稿，崔蕾累计任职时间7年8天，现任基金资产总规模1227.6亿元，任职期间最佳基金回报 175.89%， 任职期间最差基金回报-15.93%。 数据显示，南方基金旗下1只基金位居长盛轴承十大流通股东。南方中证1000ETF（512100）三季度减 持9600股，持有股数109.22万股，占流通股的比例为0.56%。根据测算，今日浮盈赚取约432.51万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益27.15%，同类 排名2004/4216；近一年收益16.81%，同类排名2346/3951；成立以来收益12.52%。 南方中证1000ETF（512100）基金经理为崔蕾。 11月13日，长盛轴承涨5.04%，截至发稿，报82.60元/股，成交3.02亿元，换手率1.94%，总市值246.79 亿元。 资料显示，浙江长盛滑动轴承股份有限公司位于浙江省嘉善县惠民街道鑫达路6号，成立日期1995年6月 14日，上市日期2017年11月6日，公司主营业务涉及自润滑轴承及高性能聚合物的研发、生产及销售。 主营业务收入构成为：金属塑料聚合物自润滑卷制轴承 ...

11月12日，长盛轴承盘中下跌2.01%，截至11:25，报79.08元/股，成交1.82亿元，换手率1.18%，总市值 236.27亿元。 资金流向方面，主力资金净流出1344.40万元，特大单买入361.96万元，占比1.99%，卖出547.96万元， 占比3.01%；大单买入3703.20万元，占比20.37%，卖出4861.60万元，占比26.74%。 长盛轴承今年以来股价涨161.08%，近5个交易日跌5.19%，近20日跌8.75%，近60日跌17.87%。 截至9月30日，长盛轴承股东户数7.30万，较上期增加6.50%；人均流通股2655股，较上期减少6.11%。 2025年1月-9月，长盛轴承实现营业收入9.35亿元，同比增长11.97%；归母净利润1.88亿元，同比增长 11.01%。 分红方面，长盛轴承A股上市后累计派现7.47亿元。近三年，累计派现3.94亿元。 机构持仓方面，截止2025年9月30日，长盛轴承十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股254.88万股，相比上期增加142.50万股。南方中证1000ETF（512100）位居第八大流通股 东，持股10 ...

Group 1 - The core viewpoint of the news is that Changsheng Bearing experienced a decline of 5.1% in its stock price, reaching 96.02 CNY per share, with a trading volume of 307 million CNY and a turnover rate of 1.64%, resulting in a total market capitalization of 28.689 billion CNY [1] - Changsheng Bearing, established on June 14, 1995, and listed on November 6, 2017, specializes in the research, production, and sales of self-lubricating bearings and high-performance polymers [1] - The revenue composition of Changsheng Bearing's main business includes: 48.26% from metal-plastic polymer self-lubricating rolled bearings, 25.44% from bimetal boundary lubricated rolled bearings, 23.51% from metal-based self-lubricating bearings, and 2.79% from other supplementary products [1] Group 2 - Among the top ten circulating shareholders of Changsheng Bearing, a fund under Southern Fund, the Southern CSI 1000 ETF (512100), entered the top ten in the second quarter, holding 1.1018 million shares, which accounts for 0.57% of the circulating shares [2] - The estimated floating loss for the Southern CSI 1000 ETF today is approximately 5.6853 million CNY [2] - The Southern CSI 1000 ETF was established on September 29, 2016, with a latest scale of 64.953 billion CNY, achieving a year-to-date return of 26.83% and a one-year return of 71.65% [2]

Core Viewpoint - Changsheng Bearing has shown significant stock performance with a year-to-date increase of 231.99%, indicating strong market interest and potential growth in the mechanical equipment sector [1][2]. Group 1: Stock Performance - As of September 18, Changsheng Bearing's stock price reached 101.11 CNY per share, with a trading volume of 5.01 billion CNY and a market capitalization of 30.21 billion CNY [1]. - The stock has experienced a 2.07% increase during the trading session, with a recent 5-day increase of 8.25%, 20-day increase of 4.74%, and a 60-day increase of 43.42% [1]. - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent net purchase of 383 million CNY on July 21 [1]. Group 2: Financial Performance - For the first half of 2025, Changsheng Bearing reported a revenue of 618 million CNY, reflecting a year-on-year growth of 11.03%, and a net profit attributable to shareholders of 126 million CNY, up 9.22% year-on-year [2]. - The company has distributed a total of 697 million CNY in dividends since its A-share listing, with 344 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Changsheng Bearing was 68,500, a decrease of 13.36% from the previous period, while the average number of circulating shares per shareholder increased by 15.42% to 2,828 shares [2]. - Notable changes in institutional holdings include Hong Kong Central Clearing Limited as the ninth largest shareholder, reducing its holdings by 1.28 million shares, while Southern CSI 1000 ETF entered as a new shareholder with 1.10 million shares [3].

Company Overview - Changsheng Bearing Co., Ltd. is located in Jiaxing, Zhejiang Province, established on June 14, 1995, and listed on November 6, 2017. The company specializes in the research, production, and sales of self-lubricating bearings and high-performance polymers [1][2]. Financial Performance - For the first half of 2025, Changsheng Bearing achieved operating revenue of 618 million yuan, representing a year-on-year growth of 11.03%. The net profit attributable to the parent company was 126 million yuan, with a year-on-year increase of 9.22% [2]. - Since its A-share listing, the company has distributed a total of 697 million yuan in dividends, with 344 million yuan distributed over the past three years [3]. Stock Performance - As of September 16, the stock price of Changsheng Bearing increased by 2.06%, reaching 98.80 yuan per share, with a trading volume of 1.129 billion yuan and a turnover rate of 5.98%. The total market capitalization is 29.519 billion yuan [1]. - Year-to-date, the stock price has risen by 224.40%, with a 7.79% increase over the last five trading days, a 0.70% decrease over the last 20 days, and a 42.20% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Changsheng Bearing was 68,500, a decrease of 13.36% from the previous period. The average circulating shares per person increased by 15.42% to 2,828 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the ninth largest, holding 1.1238 million shares, a decrease of 1.278 million shares from the previous period. The Southern CSI 1000 ETF is the tenth largest shareholder, holding 1.1018 million shares as a new shareholder [3]. Business Segmentation - The main business revenue composition includes: 48.26% from metal-plastic polymer self-lubricating rolled bearings, 25.44% from bimetal boundary lubricated rolled bearings, 23.51% from metal-based self-lubricating bearings, and 2.79% from other supplementary products [1].

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The company reported a revenue of 618 million yuan for the first half of 2025, representing a year-on-year growth of 11.03%. The net profit attributable to shareholders was 126 million yuan, up 9.22% year-on-year [2] - The automotive industry is experiencing robust production and sales, which is driving the company's performance. In the first half of 2025, the company's revenue from various bearing products showed significant growth, with self-lubricating bearings increasing by 9.08%, bi-metal boundary lubricated bearings by 18.12%, and metal-based self-lubricating bearings by 21.93% [3] - The company's gross margin and net profit margin for the first half of 2025 were 34.54% and 20.38%, respectively, showing stable profitability. The company maintained good cost control, with a slight decrease in financial expenses due to currency exchange gains [4] - The self-lubricating bearing industry has broad application potential, especially in new fields such as construction and robotics. The company has begun to achieve bulk sales of certain products in the robotics sector [5] - The company is a leading player in the domestic self-lubricating bearing industry, with expected revenue growth from 2025 to 2027 projected at 12.93 billion yuan, 14.87 billion yuan, and 17.33 billion yuan, respectively. The net profit is expected to reach 2.65 billion yuan, 3.09 billion yuan, and 3.66 billion yuan during the same period [6] Financial Summary - For the first half of 2025, the company achieved a revenue of 618 million yuan, with a net profit of 126 million yuan, reflecting a year-on-year growth of 11.03% and 9.22%, respectively [2] - The revenue from self-lubricating bearings, bi-metal boundary lubricated bearings, and metal-based self-lubricating bearings for the first half of 2025 was 213 million yuan, 112 million yuan, and 104 million yuan, respectively [3] - The company's financial forecasts indicate a steady increase in revenue and net profit from 2025 to 2027, with projected earnings per share (EPS) of 0.89 yuan, 1.03 yuan, and 1.22 yuan [6]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the benchmark index [5][7]. Core Insights - The company reported a revenue of 1.137 billion yuan for 2024, reflecting a year-on-year growth of 2.89%. The net profit attributable to shareholders was 229 million yuan, down 5.43% year-on-year [1]. - In Q1 2025, the company achieved a revenue of 282 million yuan, a year-on-year increase of 2.18%, with a net profit of 53 million yuan, up 1.54% year-on-year [1]. - The automotive sector's steady growth has positively impacted the company's main business, with domestic operations contributing to revenue growth [2]. Financial Performance - The company's gross margin for 2024 was 35.16%, with a net profit margin of 20.14%. In Q1 2025, the gross margin decreased to 32.91%, while the net profit margin was 18.80% [3]. - The company maintained stable expense control, with sales, management, and financial expense ratios for 2024 at 2.06%, 5.69%, and -0.92%, respectively [3]. Market Opportunities - The self-lubricating bearing industry is expected to expand significantly, with potential applications in construction and robotics. The company is focusing on self-lubricating bearings and screw products for humanoid robots, which are already in small-scale production [4]. - The company is positioned as a leader in the domestic self-lubricating bearing industry, with robust growth prospects in automotive and engineering machinery sectors, as well as emerging opportunities in humanoid robotics [5]. Earnings Forecast - The company is projected to achieve revenues of 1.293 billion yuan, 1.487 billion yuan, and 1.733 billion yuan for 2025, 2026, and 2027, respectively. The net profit attributable to shareholders is expected to be 266 million yuan, 311 million yuan, and 368 million yuan for the same years [5][6].