Market Overview - The electric motor sector experienced a decline of 1.21% on the previous trading day, with Huayang Intelligent leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up by 0.27%, while the Shenzhen Component Index closed at 14342.9, up by 0.09% [1] Stock Performance - Notable gainers in the electric motor sector included: - China Electric Motor (603988) with a closing price of 38.13, up by 10.01% and a trading volume of 151,300 shares, totaling 567 million yuan [1] - Fangzheng Electric (002196) closed at 18.25, up by 4.95% with a trading volume of 1,320,200 shares, totaling 2.327 billion yuan [1] - Conversely, significant decliners included: - Huayang Intelligent (301502) which closed at 44.79, down by 5.61% with a trading volume of 22,100 shares, totaling 101 million yuan [2] - Yifan Transmission (301023) closed at 48.39, down by 4.25% with a trading volume of 59,000 shares, totaling 288 million yuan [2] Capital Flow - The electric motor sector saw a net outflow of 671 million yuan from major funds, while retail investors contributed a net inflow of 605 million yuan [2] - The detailed capital flow for selected stocks showed: - China Electric Motor had a net inflow of 41.27 million yuan from major funds, while retail investors had a net outflow of 8.35 million yuan [3] - Fangzheng Electric experienced a net inflow of 25.17 million yuan from major funds, with a net outflow of 1.65 million yuan from retail investors [3]

Group 1: Profit Forecasts - Gan Li Pharmaceutical expects a net profit of 1.1 billion to 1.2 billion yuan for 2025, an increase of 78.96% to 95.23% year-on-year [1] - Astone Technology anticipates a net loss of 40 million to 60 million yuan for 2025, compared to a loss of 25.34 million yuan in the previous year [2] - JinkoSolar forecasts a net loss of 5.9 billion to 6.9 billion yuan for 2025 [6] - Time Space Technology expects a net loss of 235 million to 290 million yuan for 2025 [7] - Phi Li Hua predicts a net profit of 412 million to 472 million yuan for 2025, a year-on-year increase of 31.12% to 50.22% [8] - Southern Precision expects a net profit of 300 million to 370 million yuan for 2025, representing a growth of 1130% to 1417% [10] - Daikin Heavy Industries anticipates a net profit of 1.05 billion to 1.2 billion yuan for 2025, an increase of 121.58% to 153.23% [11] - Qianfang Technology expects a net profit of 250 million to 320 million yuan for 2025, recovering from a loss of 1.193 billion yuan in the previous year [18] - Bohai Leasing forecasts a net loss of 250 million to 500 million yuan for 2025, with a significant goodwill impairment loss expected [13] - Qujiang Cultural Tourism anticipates a net loss of 130 million to 165 million yuan for 2025 [31] Group 2: Corporate Announcements - Hualan Biological Engineering received approval for clinical trials of its recombinant shingles vaccine [3] - Baishan Nonferrous Metals announced the resignation of its chairman, Wang Pugong, due to work changes [4] - Binhai Energy plans to invest approximately 548 million yuan in two projects related to porous carbon and silicon-carbon anode materials [15] - Nankai Group signed a 296 million yuan equipment sales contract with Inner Mongolia Xijin Mining Co., Ltd. [16] - Tianhua New Energy is planning to issue H-shares and list on the Hong Kong Stock Exchange [12] - Xinneng Technology is also planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [28] - Lu Wei Optoelectronics intends to raise no more than 1.38 billion yuan through a private placement [26]

Investment Rating - The report maintains a "Buy" rating for the mechanical equipment sector, indicating a positive outlook for the industry [6]. Core Insights - The low-altitude economy is experiencing significant growth, with the Guangdong-Hong Kong-Macao Greater Bay Area set to add 801 new low-altitude takeoff and landing points by 2025, and a logistics drone route network of 310 lines, showcasing a market potential of over one trillion yuan [3]. - The mechanical equipment sector shows strong competitive advantages for domestic leading companies, with forklift sales in December 2025 reaching 111,363 units, a slight year-on-year increase of 0.03%, while exports grew by 7.97% [3]. - The engineering machinery industry is expected to maintain steady growth, with total forklift sales in 2025 projected to be 1,451,768 units, a year-on-year increase of 12.9% [3]. Weekly Market Review - From January 11 to January 16, 2026, the Shanghai Composite Index fell by 0.45%, while the Shenzhen Component Index and the ChiNext Index rose by 1.14% and 1.00%, respectively. The Shenwan Mechanical Equipment Index increased by 1.91%, outperforming the CSI 300 Index by 2.48 percentage points, ranking fifth among 31 Shenwan first-level industries [2][11]. - Sub-sectors within mechanical equipment saw varied performance, with general equipment up by 3.11%, automation equipment up by 4.19%, while engineering machinery and rail transit equipment saw declines of 0.88% and 1.81%, respectively [11]. Key Sector Tracking - The low-altitude economy is supported by the timely establishment of safety standards, such as the Civil Unmanned Aerial Vehicle Parachute System Specification, which aims to enhance operational safety for drones in densely populated areas [3]. - The report highlights the competitive landscape for domestic leading companies in the mechanical equipment sector, emphasizing their strong position in both supply and demand [3]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Huasheng Group, among others [4]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery, and Juxing Technology and Quanfeng Holdings for the export chain [4].

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry, indicating a positive outlook for the sector [6]. Core Insights - The low-altitude economy is experiencing significant growth, with the Guangdong-Hong Kong-Macao Greater Bay Area set to add 801 new low-altitude takeoff and landing points by 2025, and a logistics drone route network of 310 lines, showcasing a market potential of over one trillion [3]. - The mechanical equipment sector is expected to maintain steady growth, supported by strong competitive advantages of domestic leading enterprises in both supply and demand [3]. - In December 2025, forklift sales reached 111,363 units, a slight year-on-year increase of 0.03%, with exports growing by 7.97% to 47,556 units [3]. Weekly Market Review - From January 11 to January 16, 2026, the Shanghai Composite Index fell by 0.45%, while the Shenzhen Component Index and the ChiNext Index rose by 1.14% and 1.00%, respectively. The Shenwan Mechanical Equipment Index increased by 1.91%, outperforming the CSI 300 Index by 2.48 percentage points, ranking fifth among 31 Shenwan first-level industries [11]. - Sub-sectors such as general equipment and automation equipment saw increases of 3.11% and 4.19%, respectively, while engineering machinery and rail transit equipment experienced declines of 0.88% and 1.81% [11]. Key Sector Tracking - The report highlights the low-altitude economy's rapid development alongside the establishment of critical safety standards, which are essential for the sustainable growth of the sector [3]. - The mechanical equipment sector's export chain remains robust, with a year-on-year growth of 13.4% in exports for 2025, indicating a positive trend for future growth [3]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Wan Feng Aowei [4]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery, and Giant Star Technology and Quan Feng Holdings for the export chain [4].

Summary of Key Points Core Viewpoint - Shenli Co., Ltd. announced the completion of a share reduction plan by its shareholder, Xiamen Zhonglue Investment Management Co., Ltd., which reduced its stake in the company by 1,088,650 shares, representing 0.50% of the total share capital [2]. Group 1 - Prior to the reduction plan, Zhonglue Wanshin 21 Private Securities Investment Fund held 11,975,160 shares, accounting for 5.50% of the company's total share capital [2]. - The share reduction was executed through centralized bidding, and the reduction plan has now been completed as of the announcement date [2]. - The reduction period for the plan has expired, and the company received a notification letter regarding the reduction results from Zhonglue Wanshin 21 [2].

Group 1 - The core point of the article is that Shenli Co., Ltd. announced an expected net profit for the year 2025, projected to be between 20.50 million and 30.00 million yuan, indicating a turnaround from a loss to profit compared to the previous year [2] Group 2 - The company is expected to achieve profitability in 2025, which is a significant improvement from the previous year's performance [2] - The announcement reflects a positive outlook for the company's financial health moving forward [2] - The projected net profit range suggests a strategic recovery plan may be in place, contributing to the anticipated financial turnaround [2]

Group 1 - The company, Shenli Co., specializes in the research and production of stator and rotor laminations and cores for medium and large electric motors, including both electric motors and generators [2] - The products of the company are applicable to various types and models of motors, including wind turbines and diesel generators, indicating a diverse service range in specialized electric motor applications [2]

Core Viewpoint - Shenli Co., Ltd. (603819.SH) is expected to achieve a net profit attributable to shareholders of between 20.5 million and 30 million yuan for the year 2025, marking a turnaround from losses in the previous year [1] Group 1: Financial Performance - The company anticipates a significant improvement in financial performance, moving from a loss to profitability compared to the previous year [1] - The expected net profit range for 2025 is between 20.5 million and 30 million yuan [1] Group 2: Market Development - During the reporting period, the company actively expanded its market presence, leading to continuous growth in sales revenue [1] - The previous year's losses were primarily due to a provision for bad debts resulting from a failure by the performance guarantor, Lijian Defense Technology Group Co., Ltd., to pay the third installment of the repurchase price as per the contract [1]

Core Viewpoint - The company, Shenli Co., Ltd. (603819.SH), is expected to achieve a net profit attributable to shareholders ranging from 20.5 million to 30 million yuan for the year 2025, marking a turnaround from a loss in the previous year [1] Financial Performance - The anticipated net profit for 2025 represents a significant improvement compared to the previous year's performance, where the company reported a loss due to the failure of a performance commitment by a related party [1] - The sales revenue has been continuously growing as the company actively expands its market presence [1] Previous Year Context - In the previous year, the company incurred losses primarily because the performance commitment party, Lijian Defense Technology Group Co., Ltd., failed to pay the third installment of the repurchase price on time, leading to the provision for bad debts [1]

Group 1 - The company, Shenli Co., expects to achieve a net profit attributable to shareholders of between 20.5 million and 30 million yuan for the year 2025, marking a turnaround from a loss of 38.4322 million yuan in the same period last year [1] - The main reason for the performance change is the impact of the core business, with continuous growth in sales revenue due to active market expansion [1] - The previous year's loss was primarily due to the failure of the performance commitment party, Lijian Defense Technology Group Co., Ltd., to pay the third repurchase price on time, leading to the provision for bad debts [1] Group 2 - Non-operating gains and losses did not have a significant impact on the company's current profit forecast [1] - Accounting treatment also did not significantly affect the company's current profit forecast [1]