Core Viewpoint - The automotive service sector experienced a slight decline of 0.29% on November 12, with Altr leading the drop. The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1]. Group 1: Stock Performance - Xiamen Xinda (000701) closed at 6.45, up 1.90% with a trading volume of 428,900 shares and a transaction value of 276 million yuan [1]. - Dezhong Automobile (920030) closed at 7.50, up 1.63% with a trading volume of 46,100 shares and a transaction value of 34.48 million yuan [1]. - China Automotive Research (601965) closed at 17.22, up 0.17% with a trading volume of 23,700 shares and a transaction value of 40.88 million yuan [1]. - Altr (300825) closed at 10.71, down 2.72% with a trading volume of 131,500 shares and a transaction value of 141 million yuan [2]. Group 2: Capital Flow - The automotive service sector saw a net outflow of 35.19 million yuan from institutional investors, while retail investors contributed a net inflow of 23.56 million yuan [2]. - Major stocks like Jiao Yun Co. (600676) had a net inflow of 8.88 million yuan from institutional investors, while Altr (300825) experienced a net outflow of 9.39 million yuan [3]. - Shanghai Wumao (600822) faced the largest net outflow of 16.45 million yuan from institutional investors, indicating a significant shift in capital dynamics within the sector [3].

Market Overview - The automotive service sector increased by 0.36% on November 10, with Xiamen Xinda leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Xiamen Xinda (000701) closed at 6.29, up 2.78% with a trading volume of 316,100 shares and a turnover of 196 million yuan [1] - Shinhua Holdings (600653) closed at 2.13, up 1.43% with a trading volume of 376,100 shares [1] - Other notable performers include: - Zhongqi Co., Ltd. (301215) at 6.81, up 1.19% [1] - Beiba Media (600386) at 5.00, up 0.81% [1] - Guoji Automobile (600335) at 6.47, up 0.78% [1] Capital Flow - The automotive service sector experienced a net outflow of 27.81 million yuan from institutional investors and 18 million yuan from speculative funds, while retail investors saw a net inflow of 45.81 million yuan [2] - The detailed capital flow for individual stocks shows: - Shinhua Holdings had a net outflow of 14.89 million yuan from institutional investors [3] - Xiamen Xinda saw a net inflow of 4.89 million yuan from retail investors [3] - Zhongqi Co., Ltd. had a net inflow of 8.54 million yuan from retail investors despite a net outflow from institutional and speculative funds [3]

Market Overview - The automotive service sector experienced a decline of 0.31% on November 6, with Xiamen Xinda leading the drop [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Xiamen Xinda (000701) closed at 6.20, down 3.43% with a trading volume of 449,100 shares and a transaction value of 280 million [1] - Other notable declines included Beiba Media (600386) down 1.19%, and Dezhong Automobile (920030) down 1.07% [1] - Conversely, Guoji Automobile (600335) saw a slight increase of 0.31% [1] Capital Flow - The automotive service sector saw a net outflow of 33.96 million from institutional investors and 30.07 million from speculative funds, while retail investors contributed a net inflow of 64.02 million [3] - Xiamen Xinda experienced the largest net outflow among individual stocks, totaling 37.62 million [3] - Retail investors showed significant interest in Xiamen Xinda, with a net inflow of 60.31 million despite the overall decline [3]

Core Viewpoint - The main profit sources for the automotive dealership sector of Haowu Co., Ltd. include manufacturer rebates based on sales and profits generated from after-sales services such as maintenance and repairs [1] Summary by Categories Profit Sources - The automotive dealership sector's profits are derived from two primary sources: rebates from manufacturers based on sales performance and profits from after-sales services including maintenance and repairs [1]

Core Viewpoint - Haowu Co., Ltd. (000757) announced that its manufacturing business revenue is solely derived from crankshafts and motor shafts, with no involvement in diesel engines or parts [1] Group 1: Financial Performance - The gross margin for the company's crankshaft products is projected to be 23.47% in 2024 and 21.94% in the first half of 2025 [1] Group 2: Major Clients - Key customers include Chery, Li Auto, Dongfeng Xiaokang (Sailis), BYD, Dong'an Power, Wuling Liuji, Beiqi Foton, GAC, Jianghuai Automobile, Changan, Kubota, Mitsubishi Japan, Proton, and Geely [1]

Core Viewpoint - The company, Haowu Co., announced that by the first half of 2025, its manufacturing business is expected to achieve revenue of 410 million yuan, with an annual production capacity increased to 3 million units [1] Group 1 - As of the first half of 2025, the company's manufacturing revenue is projected to be 410 million yuan [1] - The annual production capacity for the first half of 2025 has been raised to 3 million units [1] - Future revenue over the next three years will depend on market and customer demand [1]

Core Viewpoint - The company primarily focuses on the production of passenger car crankshafts and currently has no plans to establish a production line for large commercial vehicle crankshafts due to the need for specialized equipment [1] Group 1 - The company announced on November 4 that it mainly produces passenger car crankshafts [1] - Different types of crankshafts require specialized equipment that is not interchangeable [1] - There are no current plans for the company to build a production line for large commercial vehicle crankshafts [1]

Group 1 - The company announced on November 4 that it utilizes live streaming through social media to enhance customer conversion rates [1] - By providing detailed introductions of each vehicle's highlights and advantages during online live broadcasts, the company aims to increase the success rate of order transactions [1] - This strategy is expected to boost the company's customer base [1]

Core Insights - The company, Haowu Co., announced its revenue distribution strategy for its crankshaft business, indicating a focus on both traditional and new energy vehicles [1] Revenue Distribution - Traditional fuel vehicle crankshaft business accounts for 30% of total revenue [1] - New energy vehicle crankshaft business, which includes crankshafts for new energy vehicles and non-road machinery engines, constitutes 60% of total revenue [1] - Other new automotive component revenues make up the remaining 10% [1]

Core Viewpoint - Haowu Co., Ltd. announced on November 4 that its controlling shareholder, Tianjin Rongcheng Material Group Co., Ltd., has established a comprehensive marketing service system that integrates raw material supply, value-added processing, terminal product sales, and product processing exports [1] Group 1 - The company holds 100% ownership of the world's fourth-largest iodine mine located in Chile [1] - The main business sectors of its controlling shareholder include steel energy, trade services, digital technology, new energy technology, and cultural health [1] - Currently, there are no plans for the controlling shareholder to inject its assets into the company [1]