Market Overview - The automotive service sector experienced a decline of 1.73% on February 2, with 德众汽车 leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Stock Performance - Notable stock performances included 阿尔特, which rose by 3.60% to a closing price of 10.06, with a trading volume of 215,400 shares and a transaction value of 217 million [1] - 德众汽车 fell by 3.26% to a closing price of 6.53, with a trading volume of 26,700 shares and a transaction value of 17.72 million [2] - Other significant declines included 中国汽研, down 2.96% to 18.39, and 国机汽车, down 2.42% to 6.45 [2] Capital Flow - The automotive service sector saw a net inflow of 11.33 million from institutional investors, while retail investors experienced a net outflow of 40.06 million [2] - The sector's overall capital flow indicated that retail investors were withdrawing funds, contrasting with the inflow from institutional and speculative investors [3] Individual Stock Capital Flow - 阿尔特 had a net outflow of 35.82 million from institutional investors, while speculative investors contributed a net inflow of 6.11 million [3] - 德众汽车 faced a significant net outflow of 1.63 million from institutional investors, indicating weak institutional interest [3] - 中国汽研 saw a net inflow of 1.87 million from institutional investors, suggesting a relatively stable interest from this segment [3]

截至9月30日，中国汽研股东户数2.16万，较上期增加18.75%；人均流通股46048股，较上期减少 15.79%。2025年1月-9月，中国汽研实现营业收入30.24亿元，同比减少0.76%；归母净利润6.66亿元，同 比减少0.56%。 1月30日，中国汽研跌1.35%，成交额2.42亿元。两融数据显示，当日中国汽研获融资买入额1842.55万 元，融资偿还2023.22万元，融资净买入-180.68万元。截至1月30日，中国汽研融资融券余额合计2.18亿 元。 融资方面，中国汽研当日融资买入1842.55万元。当前融资余额2.13亿元，占流通市值的1.13%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，中国汽研1月30日融券偿还3300.00股，融券卖出800.00股，按当日收盘价计算，卖出金额 1.52万元；融券余量24.55万股，融券余额465.22万元，超过近一年90%分位水平，处于高位。 资料显示，中国汽车工程研究院股份有限公司位于重庆市北部新区金渝大道9号，成立日期2001年1月11 日，上市日期2012年6月11日，公司主营业务涉及汽车技术服务和装备制造业务。主营业务收入构成 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600653 | 申博控股 | 1.92 | 0.00% | 21.97万 | 4219.28万 | | 000757 | 浩物股份 | 5.13 | -0.19% | 8.64万 | 4450.85万 | | 600386 | 北巴传媒 | 4.57 | -0.44% | 10.28万 | 4724.27万 | | 301215 | 中汽股份 | 6.98 | -1.41% | 14.90万 | 1.05亿 | | 300825 | 阿尔特 | 9.88 | -1.59% | 9.35万 | 9339.39万 | | 600676 | 交运股份 | 7.73 | -1.78% | 38.40万 | 3.01亿 | | 000701 | 厦门信达 | 6.29 | -2.02% | 19.61万 | 1.25亿 | | 600822 | 上海物贸 | 10.97 | -2.23% | 7.30万 | 8082.56万 | | 600335 | 国机 ...

Group 1 - The establishment of Zhongqi Institute (Zhejiang) Automotive Technology Co., Ltd. on January 27, with a registered capital of 80 million yuan, indicates a significant step in automotive technology research and development [1] - The company is a joint venture between China Automotive Engineering Research Institute Co., Ltd. and Geely Automotive Research Institute (Ningbo) Co., Ltd., highlighting a strategic partnership in the automotive sector [1] - The new joint venture signifies a deepening collaboration between the two companies in areas such as high-altitude testing and intelligent connected vehicle performance testing [1] Group 2 - The joint venture aims to enhance capabilities in automotive component research and development, measurement technology services, and software development [1] - The collaboration has previously included the Ningbo inspection center providing advanced driver assistance testing services for multiple Geely models, showcasing the practical applications of their partnership [1] - This move reflects the growing trend of collaboration in the automotive industry to leverage combined expertise for technological advancements [1]

天眼查工商信息显示，近日，中国汽车工程研究院股份有限公司出资4800万元成立中汽院（浙江）汽车 科技有限公司，持股60%，所属行业为专业技术服务业。 资料显示，中汽院（浙江）汽车科技有限公司成立于2026年1月27日，法定代表人为，注册资本8000万 人民币，公司位于宁波市，技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广、工程和 技术研究和试验发展、汽车零部件研发、计量技术服务、软件开发、信息系统集成服务、信息技术咨询 服务、业务培训（不含教育培训、职业技能培训等需取得许可的培训）、货物进出口、技术进出口、终 端测试设备销售、新能源汽车生产测试设备销售、会议及展览服务（出国办展须经相关部门审批）、租 赁服务（不含许可类租赁服务）、机械设备租赁、计算机及通讯设备租赁、非居住房地产租赁（除依法 须经批准的项目外，凭营业执照依法自主开展经营活动）。许可项目：检验检测服务、机动车检验检测 服务、特种设备检验检测、船舶检验服务、认证服务、旅游业务（依法须经批准的项目，经相关部门批 准后方可开展经营活动，具体经营项目以审批结果为准）。 财经频道更多独家策划、专家专栏，免费查阅>> ...

| 序号 | 股东名称 | 持股比例: | 认缴出资额(万元) = 认缴出资日期 = 首次持股日期： 关联产品/机构 | | --- | --- | --- | --- | | : 2 中国汽车工程研究院股份有限公司 央企子公司 中国汽研（601965.SH） | | | 2026-01-27 中国汽研 | | 2 + essx 吉利汽车研究院(宁波)有限公司 | | | 2026-01-27 | 企查查APP显示，近日，中汽院（浙江）汽车科技有限公司成立，注册资本8000万元，经营范围包含： 工程和技术研究和试验发展；汽车零部件研发；计量技术服务；软件开发等。企查查股权穿透显示，该 公司由中国汽研（601965）、吉利汽车研究院（宁波）有限公司共同持股。 | © 企章章 全国企业信用意识 | 中汽院(浙江)汽车科技有限公司 | | 0 童一下 | | ■应用,企业中心 ■ ■ ■ ■ ■ ાલ | | --- | --- | --- | --- | --- | --- | | 基本信息 17 | 法律诉讼 | 经营风险 | 经营信息 企业发展 | | 历史信息 1 知识产权 | | 法定代表人 | 王国泰 ...

Core Viewpoint - The automotive industry is undergoing a critical transformation towards electrification and intelligence, with safety being the core baseline for high-quality development. The C-IASI safety index, led by the China Automotive Engineering Research Institute, aims to enhance automotive safety standards through iterative regulations and innovative assessments by 2025 [1]. Group 1: C-IASI Safety Index Overview - In 2025, the C-IASI safety index will release evaluation results for 17 vehicle models across three batches, with the first two batches (14 models) adhering to the 2023 regulations and the third batch (3 models) following the revised 2024 regulations, which introduces a special index for new energy vehicles [2]. - The 2023 regulations consist of four sub-indices: crashworthiness and repair economy, occupant safety, pedestrian safety, and vehicle assistance safety. The 2024 revision adds a special index for new energy vehicles, focusing on repair economy and vehicle safety [4]. Group 2: Evaluation Results - The evaluation results for 2025 show significant improvements across core dimensions, with 94% of models achieving excellent or above ratings in occupant safety. All tested models have 100% configuration rates for front airbags, front side airbags, and curtain airbags, while rear side airbags and front center airbags have increased to 47% from 19% and 5% respectively in the 2020 version [4]. - In pedestrian safety, 100% of models received excellent or above ratings, indicating a growing emphasis on pedestrian protection in vehicle design [4]. - In vehicle assistance safety, 100% of models also achieved excellent or above ratings, with all 17 tested models equipped with AEB/LSS, and 58.8% of models featuring DMS, showing a shift towards mainstream safety configurations [5]. Group 3: Challenges and Opportunities - Despite advancements, crashworthiness and repair economy remain common weaknesses, with only 29% (5 models) receiving excellent ratings and 18% (3 models) rated as good, indicating room for improvement in controlling user after-sales costs [5]. - New energy vehicles are becoming the main focus of evaluations, with 15 out of 17 tested models being electric. The first three models evaluated under the new energy vehicle special index all received excellent ratings, particularly excelling in bottom collision tests [5]. Group 4: Technological Advancements - The continuous improvement in evaluation results reflects the strong influence of the C-IASI safety index on industry technological advancements. The China Automotive Engineering Research Institute aims for zero casualties in traffic accidents and is conducting forward-looking research on key evaluation technologies and standards [6]. - The AC-HUMs digital model, developed based on Chinese population data, represents a breakthrough in safety technology, enabling comprehensive assessments of injury risks [6]. - Research on pedestrian safety evaluation is being conducted to integrate active safety (AEB) with passive protection effects, enhancing overall safety assessments [8]. Group 5: Industry Standards and Collaboration - The China Automotive Engineering Research Institute has led the development of the first industry standard for occupant safety in high-angle seats, with over 20 companies already applying it [10]. - A collaborative effort has resulted in the first deformable barrier that accurately replicates vehicle-to-vehicle collision responses, supporting vehicle compatibility assessments [12]. - Virtual evaluation studies for diverse occupant protection in frontal and side collisions are being conducted, expanding existing physical evaluation conditions and promoting a more comprehensive occupant protection assessment system [14].

2026.01. 27 本文字数：2463，阅读时长大约4分钟 作者 | 第一财经 葛 慧 一边是汽车行业利润率处于历史次低位，一边是检测机构的高毛利。两家上市公司的最新业绩情况，揭露出 当下新能源汽车行业困境的冰山一角。 中国汽研（601965.SH）最新业绩快报显示，公司预计2025年实现归母净利润10.60亿元，同比增长 16.78%。公司营业收入49.68亿元，同比增长4.98%，利润增速远超营收增速。 另一家中汽股份（301215.SZ）的业绩也出现类似表现。三季报显示，公司前三季度实现营业收入4.35亿 元，同比增长20.91%；归属于上市公司股东的净利润达1.60亿元，同比增长31.26%，扣非净利润同比增 长38.71%。 商业利益与行业责任的拉锯 中国汽研是我国汽车行业国家级科技创新和公共技术服务机构，是我国汽车测试评价及质量监督检验技术服 务的主要供应商。 而另一家中汽股份则为中汽中心旗下相关业务上市平台，主营业务为通过构建汽车场地试验环境和试验场 景，为汽车整车生产企业、汽车检测机构、汽车底盘部件系统企业以及轮胎企业等客户提供场地试验技术服 务。 "我们主动退出部分缺乏竞争力的专用车业务 ...

一边是汽车行业利润率处于历史次低位，一边是检测机构的高毛利。两家上市公司的最新业绩情况，揭 露出当下新能源汽车行业困境的冰山一角。 另一家中汽股份（301215.SZ）的业绩也出现类似表现。三季报显示，公司前三季度实现营业收入4.35 亿元，同比增长20.91%；归属于上市公司股东的净利润达1.60亿元，同比增长31.26%，扣非净利润同比 增长38.71%。 中国汽研（601965.SH）最新业绩快报显示，公司预计2025年实现归母净利润10.60亿元，同比增长 16.78%。公司营业收入49.68亿元，同比增长4.98%，利润增速远超营收增速。 Wind数据显示，去年前三季度，中国汽研和中汽股份销售净利率分别为23.1%和36.8%。而根据乘联分 会最新数据，2025年，汽车行业销售利润率4.1%，处于历史低位。 汽检业务高毛利 商业利益与行业责任的拉锯 2025年堪称汽车安全监管大年，而汽车检测在其中发挥的作用越来越重要。政策法规的实施带动强检市 场扩容的同时，也将带来相关研发测试需求的增长。根据北京智研科信咨询有限公司《2024-2030 年中 国汽车试验场行业市场研究分析及发展前景展望报告》、北京迪 ...

Core Viewpoint - The automotive service sector experienced a decline of 3.0% on January 26, with Xiamen Xinda leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4132.61, down 0.09% [1] - The Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Key stocks in the automotive service sector showed significant declines, with Xiamen Xinda down 7.27% to 6.38 [1] Group 2: Stock Performance - Xiamen Xinda (000701) had a closing price of 6.38, with a trading volume of 557,400 shares and a turnover of 363 million [1] - Other notable declines included: - Jiao Yun Co. (600676) down 6.40% to 61.8 with a turnover of 476 million [1] - Alte (300825) down 3.36% to 10.37 with a turnover of 136 million [1] - Shanghai Wumao (600822) down 3.19% to 11.53 with a turnover of 136 million [1] Group 3: Capital Flow - The automotive service sector saw a net outflow of 156 million from main funds, while retail investors contributed a net inflow of 119 million [1] - The detailed capital flow for selected stocks showed: - China Automotive Research (601965) had a main fund net inflow of 10.39 million [2] - Xiamen Xinda (000701) experienced a main fund net outflow of 43.40 million [2] - Shanghai Wumao (600822) had a significant main fund net outflow of 19.35 million [2]