Group 1 - The core viewpoint of the news is that Beijing Jingwei Hengrun Technology Co., Ltd. has seen a stock price increase of 5.3%, reaching 124.38 CNY per share, with a total market capitalization of 14.921 billion CNY [1] - The company was established on September 18, 2003, and went public on April 19, 2022. Its main business involves providing electronic products, R&D services, and high-level intelligent driving solutions for sectors such as automotive, high-end equipment, and unmanned transportation [1] - The revenue composition of the company is as follows: electronic products account for 87.55%, R&D services and solutions for 12.21%, other supplementary services for 0.20%, large assemblies and special vehicles for 0.02%, and intelligent transportation solutions for 0.01% [1] Group 2 - From the perspective of fund holdings, the Shenyin Wanguo Fund has a significant position in Jingwei Hengrun, with its Shenyin Wanguo Intelligent Automotive A fund holding 374,700 shares, representing 8.08% of the fund's net value, making it the fifth-largest holding [2] - The Shenyin Wanguo Intelligent Automotive A fund was established on June 22, 2021, with a current scale of 194 million CNY. It has achieved a year-to-date return of 21.73%, ranking 2304 out of 4220 in its category, and a one-year return of 30.64%, ranking 1519 out of 3857 [2] - The fund manager, Li Hang, has been in charge for 1 year and 131 days, with the fund's total asset size at 414 million CNY. During his tenure, the best fund return was 39.89%, while the worst was 39.17% [3]

融券方面，经纬恒润10月9日融券偿还1000.00股，融券卖出3000.00股，按当日收盘价计算，卖出金额 41.88万元；融券余量9573.00股，融券余额133.64万元，超过近一年90%分位水平，处于高位。 10月9日，经纬恒润涨4.18%，成交额4.97亿元。两融数据显示，当日经纬恒润获融资买入额8493.17万 元，融资偿还4964.50万元，融资净买入3528.67万元。截至10月9日，经纬恒润融资融券余额合计1.90亿 元。 融资方面，经纬恒润当日融资买入8493.17万元。当前融资余额1.89亿元，占流通市值的1.50%，融资余 额超过近一年90%分位水平，处于高位。 资料显示，北京经纬恒润科技股份有限公司位于北京市朝阳区酒仙桥路14号1幢4层，成立日期2003年9 月18日，上市日期2022年4月19日，公司主营业务涉及为汽车、高端装备、无人运输等领域的客户提供 电子产品、研发服务及解决方案和高级别智能驾驶整体解决方案。主营业务收入构成为：电子产品业务 87.55%，研发服务及解决方案业务12.21%，其他(补充)0.20%，大总成及特种载具业务0.02%，智能运输 解决方案业务0.01%。 ...

9月29日，经纬恒润涨5.13%，截至发稿，报128.00元/股，成交1.15亿元，换手率1.02%，总市值153.55 亿元。 资料显示，北京经纬恒润科技股份有限公司位于北京市朝阳区酒仙桥路14号1幢4层，成立日期2003年9 月18日，上市日期2022年4月19日，公司主营业务涉及为汽车、高端装备、无人运输等领域的客户提供 电子产品、研发服务及解决方案和高级别智能驾驶整体解决方案。主营业务收入构成为：电子产品业务 87.55%，研发服务及解决方案业务12.21%，其他(补充)0.20%，大总成及特种载具业务0.02%，智能运输 解决方案业务0.01%。 从经纬恒润十大流通股东角度 数据显示，长城基金旗下1只基金重仓经纬恒润。长城久嘉创新成长混合A（004666）二季度减持20万 股，持有股数180万股，占基金净值比例为4.61%，位居第六大重仓股。根据测算，今日浮盈赚取约 1125万元。 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 长城久嘉创新 ...

Core Viewpoint - The stock of Beijing Jingwei Hengrun Technology Co., Ltd. has shown significant fluctuations, with a year-to-date increase of 44.90% and a recent decline of 5.17% over the past five trading days [1][2]. Company Overview - Beijing Jingwei Hengrun Technology Co., Ltd. was established on September 18, 2003, and went public on April 19, 2022. The company is located in Chaoyang District, Beijing [1]. - The company specializes in providing electronic products, research and development services, and high-level intelligent driving solutions for clients in the automotive, high-end equipment, and unmanned transportation sectors [1]. Financial Performance - For the first half of 2025, Jingwei Hengrun achieved an operating revenue of 2.908 billion yuan, representing a year-on-year growth of 43.48%. However, the net profit attributable to shareholders was a loss of 86.9644 million yuan, although this reflects a year-on-year improvement of 73.91% [2]. - The company's main business revenue composition includes 87.55% from electronic products, 12.21% from research and development services, and minimal contributions from other segments [1]. Stock Market Activity - As of September 24, the stock price was 121.86 yuan per share, with a total market capitalization of 14.618 billion yuan. The trading volume was 1.39 billion yuan, with a turnover rate of 1.29% [1]. - The net inflow of main funds was 2.7861 million yuan, with significant buying and selling activities noted [1]. Shareholder Information - As of June 30, 2025, the number of shareholders was 7,155, a decrease of 2.20% from the previous period. The average circulating shares per person increased by 15.68% to 12,584 shares [2]. - Among the top ten circulating shareholders, Changcheng Jiujia Innovation Growth Mixed A (004666) held 1.8 million shares, a reduction of 200,000 shares compared to the previous period [2].

Group 1 - The major shareholder and director, Cao Xuming, plans to reduce his stake in Beijing Jingwei Hengrun Technology Co., Ltd. by up to 1,000,000 shares, which represents a maximum of 0.8336% of the total shares outstanding [2][3] - Cao Xuming currently holds 13.8 million shares, accounting for 11.51% of the total shares of Jingwei Hengrun [2] - The reduction will occur through centralized bidding and block trading methods, with a maximum of 200,000 shares through centralized bidding and 900,000 shares through block trading [3] Group 2 - The reduction period is set from October 15, 2025, to January 14, 2026 [3] - The reason for the share reduction is personal funding needs [3] - Jingwei Hengrun's main business involves providing electronic products, R&D services, and high-level intelligent driving solutions for global automotive and unmanned transportation sectors [3] Group 3 - For the first half of 2025, Jingwei Hengrun reported revenue of 2.908 billion yuan, representing a year-on-year increase of 43.48% [3] - The company recorded a net profit attributable to shareholders of -86.9644 million yuan, which is a year-on-year increase of 73.91% [3]

从经纬恒润十大流通股东角度 数据显示，长城基金旗下1只基金位居经纬恒润十大流通股东。长城久嘉创新成长混合A（004666）二 季度减持20万股，持有股数180万股，占流通股的比例为2%。根据测算，今日浮亏损失约1074.6万元。 长城久嘉创新成长混合A（004666）成立日期2017年7月5日，最新规模20.51亿。今年以来收益34.7%， 同类排名2023/8174；近一年收益106.51%，同类排名369/7981；成立以来收益118.69%。 截至发稿，尤国梁累计任职时间5年326天，现任基金资产总规模38.05亿元，任职期间最佳基金回报 130.32%， 任职期间最差基金回报-15.93%。 9月12日，经纬恒润跌5.03%，截至发稿，报112.63元/股，成交1.29亿元，换手率1.25%，总市值135.11 亿元。 从基金十大重仓股角度 资料显示，北京经纬恒润科技股份有限公司位于北京市朝阳区酒仙桥路14号1幢4层，成立日期2003年9 月18日，上市日期2022年4月19日，公司主营业务涉及为汽车、高端装备、无人运输等领域的客户提供 电子产品、研发服务及解决方案和高级别智能驾驶整体解决方案。主营业 ...

1000增强（561590）成立日期2022年11月23日，最新规模3214.35万。今年以来收益32.72%，同类排名 1273/4222；近一年收益77.54%，同类排名927/3800；成立以来收益31.31%。 1000增强（561590）基金经理为柳军、笪篁。 截至发稿，柳军累计任职时间16年105天，现任基金资产总规模4669.72亿元，任职期间最佳基金回报 137.7%， 任职期间最差基金回报-45.64%。 笪篁累计任职时间5年126天，现任基金资产总规模13.15亿元，任职期间最佳基金回报54.84%， 任职期 间最差基金回报-1.69%。 从基金十大重仓股角度 数据显示，华泰柏瑞基金旗下1只基金重仓经纬恒润。1000增强（561590）二季度减持300股，持有股数 4865股，占基金净值比例为1.35%，位居第四大重仓股。根据测算，今日浮亏损失约2.9万元。 9月12日，经纬恒润跌5.03%，截至发稿，报112.63元/股，成交1.29亿元，换手率1.25%，总市值135.11 亿元。 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 ...

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Beijing Jingwei Hengrun Technology Co., Ltd. on August 28, 2023, indicating a mixed sentiment in the market with a slight increase in stock price but negative net financing [1] - On August 28, 2023, Jingwei Hengrun's stock price rose by 2.20%, with a trading volume of 279 million yuan. The financing buy-in amount was 23.19 million yuan, while the financing repayment was 26.97 million yuan, resulting in a net financing outflow of 3.78 million yuan [1] - As of August 28, 2023, the total margin trading balance for Jingwei Hengrun was 162 million yuan, with the financing balance accounting for 1.48% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of June 30, 2025, Jingwei Hengrun had 7,155 shareholders, a decrease of 2.20% from the previous period, while the average circulating shares per person increased by 15.68% to 12,584 shares [2] - For the first half of 2025, Jingwei Hengrun reported a revenue of 2.908 billion yuan, representing a year-on-year growth of 43.48%. However, the net profit attributable to shareholders was a loss of 86.96 million yuan, which is a 73.91% increase in loss compared to the previous year [2] - Among the top ten circulating shareholders as of June 30, 2025, Changcheng Jiujia Innovation Growth Mixed A (004666) held 1.8 million shares, a decrease of 200,000 shares from the previous period [2]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 140.11 CNY [6][4]. Core Insights - The company achieved profitability in Q2 2025, with a revenue of 15.8 billion CNY, marking a year-on-year growth of 38.9% and a net profit of 0.33 billion CNY [1][2]. - The company's electronic products business is experiencing rapid growth, driven by increased production for major clients like Xiaomi and XPeng, and a strong focus on automotive electronics [2][3]. - The company is well-positioned in the L4 autonomous driving sector, with ongoing projects in ports and plans for RoboTruck and Robotaxi services [3][4]. Summary by Sections Financial Performance - In the first half of 2025, the company reported revenues of 29.08 billion CNY, a year-on-year increase of 43.48%, and a narrowed net loss of 0.87 billion CNY compared to a loss of 2.46 billion CNY in the same period last year [1]. - The gross margin improved to 23.15%, up 0.59 percentage points year-on-year, while R&D expense ratio decreased to 15.12%, down 11.39 percentage points year-on-year [1][2]. Business Outlook - The company has a robust order book in the automotive electronics sector and is enhancing its L4 autonomous driving capabilities [3]. - The report projects revenue growth for 2025, 2026, and 2027 to be 73.9 billion CNY, 95.3 billion CNY, and 116.8 billion CNY respectively, with corresponding net profit estimates of 0.66 billion CNY, 3.62 billion CNY, and 6.08 billion CNY [4][10]. Valuation - The target price of 140.11 CNY reflects an increase from the previous valuation of 85.72 CNY, based on the company's unique position in the market and its comprehensive product offerings [4][6]. - The report employs a Sum-of-the-Parts (SOTP) valuation method, estimating hardware and software business contributions to net profit for 2026E at 2.5 billion CNY and 1.1 billion CNY respectively [4][13].