Market Overview - The automotive sector experienced a weekly increase of +1.28%, with the auto parts sub-sector performing the best at +3.54% [1][2] - In comparison, the overall A-share market rose by +1.93%, placing the automotive sector at 17th among 31 primary industries [1][2] - The performance of various automotive sub-sectors included: automotive parts +3.54%, automotive services +3.38%, commercial vehicles +1.27%, motorcycles and others +0.27%, and passenger vehicles -1.99% [1][2] Company Performance - The top five companies in the automotive sector by weekly performance were: Zhongtai Automobile +39.70%, Haowu Shares +30.38%, Zhejiang Rongtai +22.48%, Tianpu Shares +21.00%, and Zhaomin Technology +19.85% [2] - Conversely, the bottom five performers included: Paiter -23.56%, Huayang Racing -20.28%, Huawei Technology -9.91%, Tianming Technology -9.82%, and Yishi Precision -9.73% [2] Sales Data - From September 1 to September 7, the average daily wholesale volume of domestic passenger car manufacturers was 43,900 units, a year-on-year decrease of 5.00%, while the average daily retail volume was 43,500 units, down 10.00% year-on-year [2] - In August, automotive sales reached 2.857 million units, reflecting a month-on-month increase of 10.1% and a year-on-year increase of 16.4% [3] - Cumulatively, from January to August, automotive sales totaled 21.128 million units, with a year-on-year increase of 12.6% [3] Export and Market Trends - In August, traditional fuel vehicle exports were 387,000 units, a month-on-month increase of 10.6% but a year-on-year decrease of 3.5%. In contrast, new energy vehicle exports reached 224,000 units, a year-on-year increase of 100% [4] - The market share of domestic brands in passenger vehicle sales rose to 69.5% in August, up 2.6 percentage points year-on-year [4] Future Outlook - The Ministry of Industry and Information Technology and seven other departments aim for total automotive sales of approximately 32.3 million units by 2025, representing a year-on-year growth of about 3% [5] - The target for new energy vehicle sales is around 15.5 million units, with a year-on-year growth of about 20% [5] Investment Recommendations - Companies involved in intelligent vehicle technology and those with potential for overseas sales are recommended for investment [6] - Suggested automotive manufacturers include Beiqi Blue Valley, Great Wall Motors, China National Heavy Duty Truck Group, and Foton Motor [6] - Recommended auto parts companies include Songyuan Safety, Zhejiang Xiantong, Lingyun Shares, and Yinhong Shares [6]

Core Points - The stock of Haowu Co., Ltd. experienced a significant decline of 9.88% today, with a turnover rate of 12.79% and a trading volume of 405 million yuan, indicating high volatility with an amplitude of 12.69% [2] - Institutional investors net sold 40.726 million yuan worth of shares, while brokerage seats collectively net bought 7.484 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to a daily price deviation of -10.24% [2] Trading Data - The top five trading departments accounted for a total transaction volume of 100 million yuan, with a buying amount of 33.5883 million yuan and a selling amount of 66.8304 million yuan, resulting in a net sell of 33.2421 million yuan [2] - Among the trading departments, four institutional specialized seats were involved, with a total buying amount of 7.2587 million yuan and a selling amount of 47.9847 million yuan, leading to a net sell of 40.726 million yuan [2] Fund Flow - The stock saw a net outflow of 15.0028 million yuan in main funds today, with a significant outflow of 11.2178 million yuan from large orders and 3.7850 million yuan from medium orders [2] - Over the past five days, the main funds have seen a net inflow of 53.0651 million yuan [2]

Report Summary 1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - The report is mainly about the institutional research on Haowu Co., Ltd. covering basic research information, detailed research institutions, research institution proportions and main content materials. It records the responses of the company's management to various questions from investors [16][19][23]. 3. Summary by Related Catalogs 3.1 Research Basic Situation - The research object is Haowu Co., Ltd. in the automotive service industry. The reception time was on September 12, 2025. The company's reception staff included the director and general manager Zang Jing, independent director Niu Ming, chief financial officer and deputy general manager Wen Shuangmei, and board secretary and deputy general manager Zhao Jijie [16]. 3.2 Detailed Research Institutions - The reception object was investors participating in the 2025 online collective reception day for investors in Sichuan Province and the semi - annual report performance briefing. The reception object type was "other", and the relevant institutional personnel were these investors [19]. 3.3 Research Institution Proportion - No relevant content provided. 3.4 Main Content Materials - Regarding mergers and acquisitions, the company did not disclose specific targets and asked investors to follow company announcements [23]. - The company is actively observing the development status and trends of robot - related businesses but has not yet launched relevant operations [23][24]. - The company adheres to the "One Body, Two Wings, Three New" strategic layout, exploring new paths for industrial chain extension in areas such as new energy and intelligent vehicles on the basis of consolidating its existing main business [24]. - The company has no intention to cooperate with Shanghai Dongfang Jiule and no plan to acquire Tianjin Rongcheng Wuchan Group Co., Ltd. [24]. - The company's employee Ma Liang is not the same person as Ma Liang, the technical director of Huichen Co., Ltd., and the latter has no association with the company [25].

Group 1 - The company held an investor relations event on September 12, 2025, via an online platform, focusing on its performance and strategic direction [1] - Investors inquired about the company's merger and acquisition plans, specifically regarding potential targets and product directions, to which the company advised to monitor official announcements for updates [1] - The company is recognized as a leading manufacturer of crankshafts and is exploring developments in robotics, although it has not yet initiated any related projects [1] Group 2 - The company is committed to its "one body, two wings, three new" strategic layout, focusing on core business development while exploring new paths in the fields of new energy and intelligent vehicles to enhance growth potential [2] - Investors raised questions about the company's collaboration intentions with Shanghai Dongfang Jiule and acquisition plans for Rongcheng Material Group, to which the company clarified there are no such intentions or plans [2] - The company confirmed that there is no association between its employee and the technical director of Huichen Co., Ltd., addressing potential confusion regarding names [2]

Group 1: Company Overview and Strategy - Sichuan Haowu Electromechanical Co., Ltd. is focusing on the development of new energy and intelligent automotive sectors to enhance performance growth [3] - The company adheres to the "one body, two wings, three new" strategic layout to explore new paths for industry chain extension [3] Group 2: Acquisition and Investment Insights - The company is advised to acquire a controlling stake in Sichuan Meifeng, which has a strong balance sheet with a cash reserve of 2.3 billion and a debt ratio of around 20% [3] - There are no current plans to acquire Tianjin Rongcheng Material Group [4] Group 3: Business Development and Future Plans - The company is actively monitoring developments in the robotics sector but has not yet initiated related business [3] - The focus for the second half of the year includes solidifying industry layout and enhancing existing business operations [3] Group 4: Investor Relations and Communication - The investor relations activity was conducted online on September 12, 2025, with key personnel including the General Manager and Financial Director present [2] - Responses to investor inquiries emphasized the importance of following official announcements for company updates [3][4]

Market Overview - On September 12, the automotive service sector rose by 0.53% compared to the previous trading day, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Haowu Co., Ltd. (000757) closed at 6.48, with a significant increase of 10.02%, trading volume of 412,000 shares and a turnover of 260 million yuan [1] - Other notable performers included: - Alter (300825) at 12.03, up 3.80% with a turnover of 215 million yuan [1] - Shenbo Holdings (600653) at 2.25, up 2.27% with a turnover of 228 million yuan [1] - Shanghai Wumao (600822) at 12.29, up 0.82% with a turnover of 175 million yuan [1] Capital Flow - The automotive service sector saw a net inflow of 100 million yuan from institutional investors, while retail investors experienced a net outflow of approximately 60.4 million yuan [2] - The main capital flow details indicate: - Haowu Co., Ltd. had a net inflow of 46.97 million yuan from institutional investors, while retail investors had a net outflow of 22.24 million yuan [3] - Alter experienced a net inflow of 28.15 million yuan from institutional investors, with a net outflow of 28.90 million yuan from retail investors [3]

Market Overview - On September 11, the automotive service sector rose by 0.61% compared to the previous trading day, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Stock Performance - Key stocks in the automotive service sector showed varied performance, with Haowu Co., Ltd. closing at 5.89, up 2.61%, and Xiamen Xinda Co., Ltd. closing at 5.88, down 0.51% [1][2] - The trading volume and turnover for Haowu Co., Ltd. reached 264,800 shares and 153 million yuan, respectively [1] Capital Flow - The automotive service sector experienced a net outflow of 18.93 million yuan from institutional investors and 22.95 million yuan from speculative funds, while retail investors saw a net inflow of 41.89 million yuan [2] - The detailed capital flow indicates that China Automotive Research saw a net inflow of 17.24 million yuan from retail investors, despite a net outflow from institutional and speculative funds [3] Individual Stock Analysis - China Automotive Research had a net inflow of 17.24 million yuan from retail investors, while institutional investors had a net outflow of 13.14 million yuan [3] - Haowu Co., Ltd. also saw a net inflow of 7.59 million yuan from institutional investors, but a net outflow from speculative funds [3]

Market Overview - On September 9, the automotive service sector rose by 0.19% compared to the previous trading day, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3807.29, down 0.51%, while the Shenzhen Component Index closed at 12510.6, down 1.23% [1] Stock Performance - Haowu Co., Ltd. (000757) closed at 5.59, up 4.10% with a trading volume of 470,600 shares and a transaction value of 264 million yuan [1] - China Automotive Engineering Research Institute (601965) closed at 18.01, up 2.39% with a trading volume of 99,200 shares and a transaction value of 177 million yuan [1] - Xiamen Xinda (000701) closed at 5.89, up 1.20% with a trading volume of 258,400 shares and a transaction value of 152 million yuan [1] - Other notable performances include Shenhua Holdings (600653) up 0.94% and Dezhong Automotive (838030) up 0.90% [1] Capital Flow - The automotive service sector experienced a net outflow of 68.30 million yuan from institutional investors, while retail investors saw a net inflow of 54.87 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Xiamen Xinda (000701) had a net outflow of 18.06 million yuan from institutional investors, with retail investors contributing a net inflow of 22.53 million yuan [3] - Shanghai Wumao (600822) saw a significant net outflow of 21.43 million yuan from institutional investors, while retail investors had a net inflow of 21.28 million yuan [3] - Altec (300825) experienced a net outflow of 29.02 million yuan from institutional investors, with retail investors contributing a net inflow of 22.56 million yuan [3]

Core Points - The automotive service sector experienced a 0.57% increase on September 8, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] Summary by Category Stock Performance - Haowu Co., Ltd. (000757) closed at 5.37, with an increase of 8.05% and a trading volume of 516,800 shares, amounting to a transaction value of 273 million yuan [1] - Other notable stocks include: - Beiba Media (600386) at 4.70, up 1.95% [1] - Alter (300825) at 11.76, up 1.82% [1] - Zhongqi Co., Ltd. (301215) at 6.35, up 0.95% [1] - Transportation Co. (600676) at 5.81, up 0.87% [1] - Yuanji Automobile (600335) at 6.25, up 0.32% [1] - Xiamen Xinda (000701) at 5.82, unchanged [1] - China Automotive Research (601965) at 17.59, down 0.34% [1] - Shanghai Wumao (600822) at 12.35, down 1.04% [1] - Shenbiao Holdings (600653) at 2.13, down 1.39% [1] Capital Flow - The automotive service sector saw a net outflow of 92.4047 million yuan from main funds and a net outflow of 9.9019 million yuan from speculative funds, while retail investors contributed a net inflow of 102 million yuan [3]

Core Viewpoint - Sichuan Haowu Electromechanical Co., Ltd. has approved its wholly-owned subsidiary, Neijiang Jinhong Crankshaft Co., Ltd., to engage in financial derivative trading to manage foreign exchange risks associated with its technological transformation plan [2][10]. Group 1: Board Meeting and Approval - The 8th meeting of the 10th Board of Directors was held on September 5, 2025, with all 9 directors present, ensuring compliance with legal and regulatory requirements [1][3]. - The board unanimously approved the proposal for the subsidiary to conduct financial derivative trading, with 9 votes in favor and no opposition [3][12]. Group 2: Financial Derivative Trading Details - The total trading limit for the financial derivative transactions is set at a maximum of €15 million (or equivalent in other foreign currencies), with a maximum contract balance of €6 million at any time [2][9]. - The expected maximum margin and premium to be utilized for these transactions is capped at ¥5 million [2][10]. - The trading activities will be conducted in the on-market environment, exclusively with large commercial banks that have no affiliation with the company [10][11]. Group 3: Purpose and Risk Management - The primary purpose of the trading is to effectively manage foreign currency liabilities and payment budget exchange rate risks, ensuring controllable project investment costs [8][10]. - The board has established risk control measures, including strict adherence to hedging principles, total amount control, and only engaging with financially sound counterparties [14][15]. Group 4: Investor Engagement - The company will participate in an online investor reception day on September 12, 2025, to enhance communication with investors regarding its performance and strategic direction [19][20].