证券日报网讯 2月27日，涛涛车业发布公告称，因王永恒工作变动，浙商证券委派周林子接替其持续督 导保荐代表人职务，与冉成伟共同履行督导职责至2026年12月31日。 （文章来源：证券日报） ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江涛涛车业股份有限公司（以下简称"公司"）近日收到保荐人浙商证券 股份有限公司（以下简称"浙商证券"）出具的《浙商证券股份有限公司关于变 更浙江涛涛车业股份有限公司首次公开发行股票项目保荐代表人的专项说明》。 现将相关情况公告如下： 浙商证券作为公司首次公开发行股票并在创业板上市的保荐人，原指定冉成 伟先生、王永恒先生为公司持续督导保荐代表人，对公司首次公开发行股票并在 创业板上市项目履行持续督导职责。现因王永恒先生工作变动，不再继续担任公 司持续督导期间的保荐代表人，为确保持续督导工作的有序进行，浙商证券决定 委派周林子女士（简历详见附件）接替王永恒先生的工作，继续履行持续督导职 责和义务。 本次变更不影响浙商证券对公司的持续督导工作。本次变更之后，负责公司 持续督导的保荐代表人为冉成伟先生、周林子女士，持续督导期持续至2026年12 月31日止。 证券代码：301345 证券简称：涛涛车业 公告编号：2026-004 浙江涛涛车业股份有限公司 关于变更持续督导保荐代表人的公告 附件： 保荐代表人周林子简历 ...

Group 1: China Ping An - The core strategy of China Ping An is "comprehensive finance + medical care and elderly care," which aims to create a new value growth pole through a "product + service" model, leading to long-term stable profit growth [3][4] - The report suggests that the current market valuation of China Ping An is low, with a PEV of 0.75, and recommends a target market value of 1.6 trillion yuan, corresponding to a target price of 88.53 yuan per share [3][4] - The aging population in China and the increasing importance of commercial health insurance in medical payments are expected to enhance the effectiveness of the "product + service" model, positioning it as a new growth driver for the company [3][4] Group 2: Steel Research High Temperature Alloy - Steel Research High Temperature Alloy is a leading company in the high-temperature alloy sector, benefiting from strong demand in the aerospace industry and the trend towards technological self-sufficiency [5][6] - The company is expected to achieve steady growth in net profit, with forecasts of 132 million yuan, 152 million yuan, and 172 million yuan for 2025 to 2027, respectively [5][6] - The report highlights the resilience of the high-temperature alloy industry, driven by increasing defense budgets and the upgrade of aerospace equipment, which supports long-term demand [6][7] Group 3: CSPC Pharmaceutical Group - CSPC Pharmaceutical Group is recognized for its strong innovation capabilities, with a focus on oncology and chronic disease treatment pipelines, and has established an international business development ecosystem [8][9] - The company has entered a strategic collaboration with AstraZeneca to develop innovative long-acting peptide drugs, which is expected to generate significant revenue potential [9][10] - The report predicts EPS growth of 48%, 36%, and -7% for 2025 to 2027, with a target price of 16.58 HKD per share [8][9] Group 4: Real Estate Market - The real estate market in China is currently in a deep adjustment phase, with only 19% of cities showing signs of bottoming out as of Q4 2025 [18][19] - New home prices are experiencing significant fluctuations, particularly in first-tier cities, while second-hand home prices are generally declining [19][20] - The report indicates that the inventory clearance cycle is extending, with first-tier cities reaching 19-28 months and some second-tier cities exceeding 38 months [20] Group 5: Robotics and Automation - The company is actively expanding into the humanoid robotics sector, with new product launches expected to drive growth [21][22] - The report forecasts EPS of 1.14, 1.47, and 1.83 yuan for 2025 to 2027, with a target price of 147.00 yuan per share [21][22] - The company is leveraging its expertise in micro-drive systems to enhance its competitive position in the robotics market [22][23] Group 6: Energy Storage Sector - The energy storage sector is anticipated to see significant growth, with the introduction of capacity pricing mechanisms in provinces like Qinghai [36][37] - The report suggests that the demand for energy storage systems and batteries will increase, recommending several key stocks in this sector [36][37] - The expected growth rate for energy storage demand in 2026 is projected to be around 50% [38]

股票研究 /[Table_Date] 2026.02.26 [Table_Industry] 机械行业 出口链月度跟踪：主要航线海运费同比持续下 滑，2 月美国住房市场指数同比-14.29% | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | | 丁嘉一(分析师) | 021-23187266 | dingjiayi@gtht.com | S0880525080009 | 本报告导读： 美元兑人民币小幅贬值，主要航线海运费同比继续下滑；美国餐饮 RPI环比下降， 美国住房市场指数环比承压。 投资要点： [Table_Invest] 评级： 增持 [Table_Report] 相关报告 机械行业《特斯拉宣布重启光伏组件生产，三年 年化目标 100GW》2026.02.25 ...

股票研究 /[Table_Date] 2026.02.26 [Table_Industry] 机械行业 出口链月度跟踪：主要航线海运费同比持续下 滑，2 月美国住房市场指数同比-14.29% | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | | 丁嘉一(分析师) | 021-23187266 | dingjiayi@gtht.com | S0880525080009 | 本报告导读： 美元兑人民币小幅贬值，主要航线海运费同比继续下滑；美国餐饮 RPI环比下降， 美国住房市场指数环比承压。 投资要点： [Table_Invest] 评级： 增持 [Table_Report] 相关报告 机械行业《特斯拉宣布重启光伏组件生产，三年 年化目标 100GW》2026.02.25 ...

融资方面，涛涛车业当日融资买入2960.78万元。当前融资余额2.33亿元，占流通市值的3.76%，融资余 额超过近一年80%分位水平，处于高位。 来源：新浪证券-红岸工作室 截至1月30日，涛涛车业股东户数1.13万，较上期增加0.00%；人均流通股2580股，较上期增加0.00%。 2025年1月-9月，涛涛车业实现营业收入27.73亿元，同比增长24.89%；归母净利润6.07亿元，同比增长 101.27%。 2月12日，涛涛车业跌3.66%，成交额3.66亿元。两融数据显示，当日涛涛车业获融资买入额2960.78万 元，融资偿还1614.13万元，融资净买入1346.65万元。截至2月12日，涛涛车业融资融券余额合计2.37亿 元。 融券方面，涛涛车业2月12日融券偿还0.00股，融券卖出100.00股，按当日收盘价计算，卖出金额2.11万 元；融券余量1.59万股，融券余额335.47万元，超过近一年90%分位水平，处于高位。 资料显示，浙江涛涛车业股份有限公司位于浙江省丽水市缙云县新碧街道新元路10号,香港铜锣湾希慎 道33号利园1期19楼1919室，成立日期2015年9月24日，上市日期2023 ...

Strategic Progress - The company plans to advance its Hong Kong listing to establish an "A+H" dual financing platform, aiming to enhance international brand influence and financing capabilities [2] - The company intends to acquire 100% of the American brand Champion Motorsports Group Holdings, LLC for $15 million to expand its North American sales channels and create a second growth curve [2] Project Positioning and Planning - The main factory in Thailand is expected to be completed by February 2026, and will collaborate with the Vietnam factory for supply [3] - The U.S. factory is planned to reach full production by the second quarter of 2026, while the Thailand factory is expected to achieve full production by the third quarter of 2026 to support North American market demand [3] - The company has disclosed its performance forecast for the full year of 2025, estimating a net profit attributable to shareholders of 800 million to 850 million yuan, although the formal annual report has yet to be released [3]

来源：新浪证券-红岸工作室 2月10日，涛涛车业跌0.38%，成交额2.06亿元。两融数据显示，当日涛涛车业获融资买入额2328.44万 元，融资偿还1054.97万元，融资净买入1273.47万元。截至2月10日，涛涛车业融资融券余额合计2.28亿 元。 融资方面，涛涛车业当日融资买入2328.44万元。当前融资余额2.25亿元，占流通市值的3.49%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，涛涛车业2月10日融券偿还100.00股，融券卖出400.00股，按当日收盘价计算，卖出金额8.74 万元；融券余量1.58万股，融券余额345.67万元，超过近一年90%分位水平，处于高位。 截至1月20日，涛涛车业股东户数1.13万，较上期增加12.67%；人均流通股2580股，较上期减少 11.24%。2025年1月-9月，涛涛车业实现营业收入27.73亿元，同比增长24.89%；归母净利润6.07亿元， 同比增长101.27%。 分红方面，涛涛车业A股上市后累计派现7.08亿元。 机构持仓方面，截止2025年9月30日，涛涛车业十大流通股东中，永赢睿信混合A（019431）位居第二 大流通股东 ...

来源：新浪证券-红岸工作室 融券方面，涛涛车业2月9日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量1.55万股，融券余额340.40万元，超过近一年90%分位水平，处于高位。 资料显示，浙江涛涛车业股份有限公司位于浙江省丽水市缙云县新碧街道新元路10号,香港铜锣湾希慎 道33号利园1期19楼1919室，成立日期2015年9月24日，上市日期2023年3月21日，公司主营业务涉及专 注于户外休闲娱乐兼具短途交通代步功能的汽动车、电动车及其配件、用品研发、生产和销售。主营业 务收入构成为：智能电动低速车67.23%，特种车28.59%，其他4.17%。 2月9日，涛涛车业涨0.18%，成交额1.93亿元。两融数据显示，当日涛涛车业获融资买入额1008.34万 元，融资偿还1331.62万元，融资净买入-323.28万元。截至2月9日，涛涛车业融资融券余额合计2.15亿 元。 融资方面，涛涛车业当日融资买入1008.34万元。当前融资余额2.12亿元，占流通市值的3.28%，融资余 额超过近一年60%分位水平，处于较高位。 分红方面，涛涛车业A股上市后累计派现7.08亿元 ...

Core Viewpoint - TaoTao Automotive has shown significant growth in revenue and net profit, indicating strong business performance and investor interest in the company [2][3]. Group 1: Financial Performance - As of January 20, 2025, TaoTao Automotive achieved a revenue of 2.773 billion yuan, representing a year-on-year growth of 24.89% [2]. - The net profit attributable to shareholders for the same period was 607 million yuan, reflecting a substantial increase of 101.27% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 708 million yuan in dividends [3]. Group 2: Shareholder and Market Activity - As of January 20, 2025, the number of shareholders for TaoTao Automotive reached 11,300, an increase of 12.67% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 11.24% to 2,580 shares [2]. - On February 5, 2025, the company experienced a financing buy-in of 13.37 million yuan, with a net financing outflow of 1.72 million yuan, indicating active trading [1]. Group 3: Company Overview - TaoTao Automotive, established on September 24, 2015, is located in Lishui City, Zhejiang Province, and specializes in the research, production, and sales of electric vehicles and related accessories [1]. - The company's main revenue sources include smart electric low-speed vehicles (67.23%), special vehicles (28.59%), and other products (4.17%) [1]. Group 4: Institutional Holdings - As of September 30, 2025, several new institutional investors have entered the top ten shareholders, including Yongying Ruixin Mixed A and Hong Kong Central Clearing Limited, indicating growing institutional interest [3].