Investment Rating - The report suggests focusing on related stocks in the North Exchange regarding humanoid robots, indicating a positive investment outlook for the sector [1]. Core Insights - The humanoid robot industry is expected to accelerate commercialization, with 2025 marked as the year of mass production [5][15]. - The global market for humanoid robots is projected to reach $20.6 billion by 2029, with a compound annual growth rate (CAGR) of 57% from 2023 to 2029 [27]. - The report highlights the importance of national and local policies in driving the development of the humanoid robot industry, with significant investments and initiatives from various regions [12][13]. Summary by Sections 1. Policy Guidance - A national policy framework has been established, emphasizing the potential of humanoid robots as a new economic growth engine, with key technological breakthroughs expected by 2025 [12]. - Local governments are implementing tailored policies to support the development of humanoid robots, leveraging regional strengths [13]. 2. Industry Progress - 2025 is identified as the year when humanoid robots will enter mass production, with several companies planning significant deliveries of their products [15]. - Major companies like UBTECH, Tesla, and Yushun are set to deliver thousands of humanoid robots for various applications, including industrial manufacturing and home services [15]. 3. Market Space - The global humanoid robot market is expected to grow from $2.16 billion in 2023 to $20.6 billion by 2029, indicating a robust growth trajectory [27]. - The domestic market in China is projected to reach 75 billion yuan by 2029, capturing 32.7% of the global market share [27]. 4. Investment Opportunities - The report recommends focusing on stocks related to core components of humanoid robots, including precision parts, sensors, and system integration [4][38]. - Specific companies in the North Exchange are highlighted for their roles in the humanoid robot supply chain, including those involved in manufacturing key components [38]. 5. Core Components - The report identifies that the cost of three core components (reducer, servo system, and controller) accounts for over 70% of the total cost of humanoid robots, indicating significant opportunities for innovation and cost reduction in these areas [33][36].

证券代码：430510 证券简称：丰光精密 公告编号：2025-063 青岛丰光精密机械股份有限公司 2025 年股权激励计划限制性股票首次授予结果公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、限制性股票首次授予结果 1 1、授予日：2025 年 6 月 3 日 2、登记日：2025 年 7 月 22 日 3、授予价格：12.04 元/股 4、实际授予人数：4 人 5、实际授予数量：69.60 万股 6、股票来源：从二级市场回购的公司 A 股普通股股票。 （一）实际授予基本情况 （二）实际授予结果明细表 限制性股票在各激励对象间的分配情况如下表所示： | 姓名 | 职务 | 获授的限制性股票数 | 占授予限制性股票 | 占目前总股 | | --- | --- | --- | --- | --- | | | | 量（万股） | 总数的比例 | 本的比例 | | 李伟 | 董事 | 24.00 | 18.54% | 0.13% | | 吕冬梅 | 董事、董事会秘书 | 31.20 | 24.10 ...

证券代码：430510 证券简称：丰光精密 公告编号：2025-062 青岛丰光精密机械股份有限公司 关于 2025 年员工持股计划完成股票非交易过户公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 青岛丰光精密机械股份有限公司（以下简称"公司"）于 2025 年 5 月 15 日 召开第四届董事会第二十次会议、第四届监事会第十八次会议，于 2025 年 5 月 30 日召开 2025 年第二次临时股东会，审议通过了《关于公司<2025 年员工持股 计划（草案）>及其摘要的议案》、《关于公司<2025 年员工持股计划管理办法>的 议案》、《关于提请股东会授权董事会办理 2025 年员工持股计划有关事宜的议案》， 同意公司实施 2025 年员工持股计划（以下简称"本员工持股计划"），同时股东 会授权董事会办理与本员工持股计划相关的事宜。具体内容详见公司在北京证券 交易所信息披露平台（http://www.bse.cn/）披露的相关公告。 2、员工持股计划涉及的标的股票规模 本员工持股计划通过非交易过户 ...

证券事务代表任命公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、证券事务代表任命的基本情况 青岛丰光精密机械股份有限公司（以下简称"公司"）于 2025 年 7 月 7 日召开了第 四届董事会第二十二次会议，审议通过了《关于聘任公司证券事务代表的议案》。 证券代码：430510 证券简称：丰光精密 公告编号：2025-061 青岛丰光精密机械股份有限公司 聘任徐继平女士为公司证券事务代表，任职期限至第四届董事会任期届满之日止， 自 2025 年 7 月 7 日起生效。该人员持有公司股份 0 股，占公司股本的 0%，不是失信联 合惩戒对象。 （上述人员简历详见附件） 二、合规性说明及影响 （一）人员变动的合规性说明 徐继平女士具备履行职责所必需的工作经验及相关素质，能够胜任相关岗位职责的 要求，其任职资格符合《中华人民共和国公司法》、《北京证券交易所股票上市规则》等 相关法律法规的规定。 （二）人员变动对公司的影响 本次聘任证券事务代表对公司生产、经营无重大影响。 三、备查文件 《青岛丰光精密机械 ...

证券代码：430510 证券简称：丰光精密 公告编号：2025-060 青岛丰光精密机械股份有限公司 第四届董事会第二十二次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 4、发出董事会会议通知的时间和方式：2025 年 7 月 1 日青岛丰光精密机械 股份有限公司（以下简称"公司"）以书面方式向各位董事发出召开董事会 会议的通知。 5、会议主持人：会议由董事长李军先生主持。 6、会议列席人员：全体监事、高级管理人员。 7、召开情况合法、合规、合章程性说明： 会议的召开符合《公司法》、《公司章程》、《董事会议事规则》等相关规定。 （二）会议出席情况 会议应出席董事 8 人，出席董事 8 人。 二、议案审议情况 根据相关法律法规和规范性文件等有关规定，公司拟聘任徐继平女士为公司 （一）会议召开情况 1、会议召开时间：2025 年 7 月 7 日 具体内容详见公司在北京证券交易所信息披露平台（http://www.bse.cn/）发 布的《证券事务代表任命公告》（公告编 ...

证券代码：430510 证券简称：丰光精密 公告编号：2025-059 青岛丰光精密机械股份有限公司 2025 年员工持股计划第一次持有人会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、会议召开和出席情况 青岛丰光精密机械股份有限公司（以下简称"公司"）2025 年员工持股计划 （以下简称"本持股计划"）第一次持有人会议于 2025 年 7 月 4 日以现场会议方 式召开，会议由公司董事会秘书吕冬梅女士召集和主持。出席本次持有人会议的 持有人共计 6 名，代表公司 2025 年员工持股计划份额 3,503,640 份，占公司 2025 年员工持股计划已认购总份额 3,503,640 份的 100%，占公司 2025 年员工持股计 划总份额的 93.27%。 本次会议的召集、召开和表决程序符合法律法规和本持股计划的相关规定。 二、议案审议情况 （一）审议通过了《关于设立公司 2025 年员工持股计划管理委员会的议案》 1、议案内容 为了保证公司 2025 年员工持股计划的顺利进行，根据《2025 年员工持股 ...

证券代码：430510 证券简称：丰光精密 公告编号：2025-058 青岛丰光精密机械股份有限公司 2025 年股权激励计划股票期权授予结果公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、股票期权授予结果 （一）实际授予基本情况 1、期权简称及代码：丰光 JLC1、850120 7、股票来源：公司从二级市场回购或/和向激励对象定向发行公司 A 股普通 股股票 （二）实际授予结果明细表 1、股票期权在各激励对象间的分配情况如下表所示： | 姓名 | 职务 | 获授的股票期权票 数量（万份） | 占授予股票期 权总数的比例 | 占目前总股 本的比例 | | --- | --- | --- | --- | --- | | 李伟 | 董事 | 48.00 | 10.33% | 0.26% | | 吕冬梅 | 董事、董事会秘书 | 62.40 | 13.43% | 0.34% | | 王学良 | 董事、财务总监 | 14.40 | 3.10% | 0.08% | | 刘辉 | 副总经理 | 14.40 ...

Core Viewpoint - Fengguang Precision is focusing on the semiconductor and humanoid robot sectors, highlighting its capabilities in producing high-quality components and its plans for future growth in these areas [1][2][3] Group 1: Semiconductor Sector - The company produces various products in the semiconductor field, including motor shafts, robot parts, guide rail sliders, servo motor shafts, and precision components for vacuum pumps [1] - Fengguang Precision is one of the few domestic companies that can reach international standards in core components for vacuum pumps, with sufficient production capacity [1] Group 2: Humanoid Robot Sector - The main product in the humanoid robot sector is the harmonic reducer, which is a technology-intensive component with high technical barriers and a concentrated competitive landscape [1][2] - The harmonic reducer market in China was approximately 2.1 billion yuan in 2022, with projections to exceed 3.3 billion yuan by 2025 [1] - The company plans to achieve mass production capabilities for the full series of 03-32 harmonic reducers by the end of 2024, with an initial production capacity of 300,000 sets [2] Group 3: Market Expansion and Product Development - Fengguang Precision aims to accelerate new product development and improve quality and efficiency to meet diverse customer needs [3] - The company is expanding its market reach by establishing wholly-owned subsidiaries in the United States and Japan, with a global marketing center based in the U.S. [3] - The harmonic reducer products are widely applicable across various industries, including industrial robots, service robots, humanoid robots, CNC machine tools, photovoltaic equipment, medical devices, aerospace, and measurement/analysis/experimental equipment [2]

证券代码：430510 证券简称：丰光精密 公告编号：2025-057 青岛丰光精密机械股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 投资者关系活动类别 √特定对象调研 二、 投资者关系活动情况 活动时间：2025 年 06 月 17 日 活动地点：青岛胶州市上合示范区湘江路 78 号公司会议室。 参会单位及人员：上海喜世润投资管理有限公司、西部证券、申万宏源证券、 兴业证券、首创证券、国元证券、开源证券 上市公司接待人员： 公司董事长、总经理：李军先生； 公司董事、董事会秘书：吕冬梅女士。 1 □业绩说明会 □媒体采访 √现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 三、 投资者关系活动主要内容 本次投资者关系活动的主要问题及公司对问题的回复概要如下： 回复：公司持续关注市场动态和行业发展趋势，将根据整体战略规划和自 身业务发展需求，通过投资、并购、合作经营等方式，纵向推进产业链上下游 资源整合，横向加速核心技术突破与产品、业务升级。未来若有相关 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was a specific object survey held on June 17, 2025, at the company's conference room in Qingdao [3] - Attendees included representatives from various investment firms such as Shanghai Xishirun Investment Management Co., West Securities, and others [3] - Company representatives included Chairman and General Manager Li Jun and Board Secretary Lü Dongmei [3] Group 2: Semiconductor Sector Insights - The company produces key components for the semiconductor sector, including motor shafts and precision parts for vacuum pumps, achieving international production standards [5] - The new factory (Shanghe Factory) has established a constant temperature and humidity workshop to support precision product manufacturing [5] - The company aims to continue expanding into new products and markets through technological innovation [5] Group 3: Humanoid Robot Product Layout - The main product in the humanoid robot sector is the harmonic reducer, which is a technology-intensive component with a growing market [6] - The harmonic reducer market in China was approximately ¥2.1 billion in 2022, with projections to exceed ¥3.3 billion by 2025 [6] - The company plans to achieve a production capacity of 300,000 units by the end of 2024, with a target of 100,000 units for this year [6] Group 4: Technical Advantages of Harmonic Reducers - The company employs Japanese processing technology and standards in key production processes, ensuring high-quality products [7] - The focus is on continuous improvement and meeting customer needs through high-quality manufacturing [7] Group 5: Mergers and Acquisitions Strategy - The company is monitoring market trends and may pursue investments, mergers, or partnerships to enhance its industry position [8] - Future developments will be disclosed in accordance with regulations [8] Group 6: Order Directions for Harmonic Reducers - Harmonic reducers are utilized across various sectors, including industrial robots, medical devices, and aerospace, indicating a strong market outlook [9] - The company has secured orders in humanoid robots, industrial robots, and exoskeleton robots [9] Group 7: Customer and Business Development Strategy - The company adheres to the "Three New" philosophy: new products, new customers, and new markets to enhance competitiveness [10] - Plans include accelerating new product development and expanding market reach, with subsidiaries established in the U.S. and Japan [10]