Group 1 - The stock price of Beite Technology on August 18 was 43.13 yuan, down by 0.06 yuan, a decrease of 0.14% from the previous trading day [1] - The trading volume on that day was 128,250 hands, with a transaction amount of 5.54 billion yuan [1] - Beite Technology's main business is the manufacturing of automotive parts, including steering systems and suspension systems, with headquarters in Shanghai [1] Group 2 - Beite Technology announced that its production base in Thailand has completed the necessary company registration procedures [1] - The company's board has approved investment proposals to establish subsidiaries and sub-subsidiaries in Singapore and Thailand for building production bases [1] - An institutional report indicated that the company's main business showed steady growth in the first half of the year while expanding the capacity for planetary roller screws [1] Group 3 - On August 18, the net inflow of main funds into Beite Technology was 25.173 million yuan, with a cumulative net inflow of 34.8607 million yuan over the past five days [1]

风险提示：人形机器人业务发展不及预期，商誉减值风险等。 事件：公司发布2025年半年报，2025H1公司实现营收11.13亿元，同比+14.71%，归母净利润0.55亿元，同比 +45.14%。其中，25Q2公司实现营收5.71亿元，同比+18.77%，归母净利润0.32亿元，同比+48.83%。25H1主 业稳健增长，降本增效提升盈利能力。25H1公司实现营收11.13亿元，同比+14.71%，主要系三大业务板块的 稳步增长，尤其是空调压缩机业务增速较快。分业务来看，底盘业务实现营收7.14亿元，同比+25.0%；空调 压缩机业务实现营收3.06亿元，同比+42.13%；铝锻轻量化业务实现营收0.92亿元，同比+35.04%。费用率方 面，公司25H1/Q2期间费用率为12.44%/12.45%，同比-2.46pct/-2.55pct，期间费用管控效果显著。盈利能力方 面，25H1/Q2毛利率同比-0.08pct/+0.66pct至19.12%/20.03%；25H1/Q2销售净利率同比+1.22pct/+1.5pct至 5.13%/5.91%。布局行星滚柱丝杠产能，贡献第二增长曲线。公司凭借二十余年在金属 ...

Group 1 - Shanxi Securities issued a report on August 18, giving Beite Technology (603009.SH) an "Accumulate" rating [2] - The main reasons for the rating include stable growth in the main business during the first half of 2025 and cost reduction and efficiency improvement enhancing profitability [2] - The company is expanding its production capacity for planetary roller screws, which is expected to contribute to a second growth curve [2]

证券日报网讯 8月18日晚间，北特科技发布公告称，公司于2025年3月28日召开第五届董事会第十八次 会议，审议通过了《关于对外投资暨设立境外子公司及孙公司并建设泰国生产基地的议案》，同意公司 通过分别设立境外子公司、孙公司最终投资建设泰国生产基地。截至本公告披露日，根据公司董事会的 授权，公司已在新加坡及泰国相关部门完成了公司的注册手续，至此境外拟设立的相关公司注册手续已 完成。 （文章来源：证券日报） ...

公司近一年市场表现 邮箱：liubin3@sxzq.com 汽车零部件Ⅲ 北特科技（603009.SH） 增持-A(维持) 25H1 业绩增长稳健，丝杠产线布局稳步推进 2025 年 8 月 18 日 公司研究/公司快报 | 年 月 市场数据：2025 8 | 日 18 | | --- | --- | | 收盘价（元）： | 43.13 | | 年内最高/最低（元）： | 60.28/14.67 | | 流通A股/总股本（亿）： | 3.38/3.39 | | 流通 A 股市值（亿）： | 145.96 | | 总市值（亿）： | 146.01 | | 基础数据：2025 | 年 | 月 6 | 30 | 日 | | | --- | --- | --- | --- | --- | --- | | 基本每股收益(元)： | | | | | 0.16 | | 摊薄每股收益(元)： | 0.16 | | --- | --- | | 每股净资产(元)： | 5.34 | | 净资产收益率(%)： | 3.16 | | 资料来源：最闻 | | 分析师： 潘宁河 执业登记编码：S0760523110001 邮箱：pann ...

证券代码：603009 证券简称：北特科技 公告编号：2025-040 上海北特科技股份有限公司 关于对外投资暨设立境外子公司及孙公司 并建设泰国生产基地的进展公告 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、准确性和完整性承担法律责任。 一、对外投资基本情况 上海北特科技股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日召开 第五届董事会第十八次会议，审议通过了《关于对外投资暨设立境外子公司及孙 公司并建设泰国生产基地的议案》，同意公司通过分别设立境外子公司、孙公司 最终投资建设泰国生产基地。具体内容详见公司 2025 年 3 月 29 日披露于上海证 券交易所网站（www.sse.com.cn）的《北特科技关于对外投资暨设立境外子公司 及孙公司并建设泰国生产基地的公告》（公告编号：2025-021）。 | 公司中文名称 | 北特（新加坡）投资有限公司 | | | --- | --- | --- | | 公司英文名称 | BEITE (SINGAPORE) INVESTMENT | PTE. LTD. | | 注册编号 | 20252 ...

格隆汇8月18日｜民生证券研报指出，北特科技2025H1归母净利润0.55亿元，同比+45.14%；其中 2025Q2归母净利润0.32亿元，同比+48.83%，环比+38.51%。25Q2盈利高增，丝杠产能持续推进。公司 深耕汽车底盘领域二十余载，在国内转向器齿条以及减振器活塞杆细分行业，连续多年保持细分市场主 导地位。2025H1，公司实现转向器类零部件销售1,584万件，同比+15.26%；减振器类零部件销售2,160 万件，同比+2.15%，底盘零部件业务保持稳健。为满足公司丝杠业务发展的需要，公司持续推进江苏 昆山工厂建设、泰国生产基地项目。截至目前，江苏昆山工厂主体工程有序施工中；全资子公司北特新 加坡投资、全资孙公司北特新加坡科技均已设立。底盘细分赛道龙头，轻量化+机器人打造二、三成长 曲线，维持"推荐"评级。 ...

Core Viewpoint - The company reported a strong financial performance in the first half of 2025, with significant growth in both revenue and net profit, indicating robust operational efficiency and market demand [2][3]. Financial Performance - In H1 2025, the company achieved revenue of 1.113 billion yuan, a year-on-year increase of 14.71%, and a net profit attributable to shareholders of 55 million yuan, up 45.14% year-on-year [2]. - For Q2 2025, revenue reached 571 million yuan, reflecting an 18.77% year-on-year growth and a 5.33% quarter-on-quarter increase. The net profit attributable to shareholders was 32 million yuan, marking a 48.83% year-on-year rise and a 38.51% increase from the previous quarter [3]. - The gross profit margin for Q2 2025 was 20.03%, up 0.66 percentage points year-on-year, while the net profit margin reached 5.59%, an increase of 1.13 percentage points year-on-year [3]. Business Segments - The company has maintained a strong position in the automotive chassis sector, with sales of steering gear components reaching 15.84 million units in H1 2025, a 15.26% increase year-on-year, and shock absorber components sales at 21.60 million units, up 2.15% year-on-year [4]. - The air conditioning compressor segment showed significant growth, with sales of 680,000 units in H1 2025, a 20.95% increase year-on-year, particularly in the commercial vehicle sector, which saw sales of 490,000 units, up 15.76% year-on-year [4]. Future Development - The company is expanding its production capacity for planetary roller screws, leveraging over 20 years of expertise in precision metal processing. This includes the development of various screw products for applications in automotive steering and emerging markets like humanoid robotics [5]. - Ongoing construction of the Jiangsu Kunshan factory and the Thailand production base is aimed at supporting the growth of the screw business [5]. Growth Projections - Revenue projections for 2025 to 2027 are estimated at 2.324 billion yuan, 3.090 billion yuan, and 4.452 billion yuan, respectively, with corresponding net profits of 117 million yuan, 191 million yuan, and 339 million yuan [6][9]. - The expected earnings per share (EPS) for the same period are projected to be 0.35 yuan, 0.56 yuan, and 1.00 yuan, with price-to-earnings (PE) ratios decreasing from 119 to 41 [6][9].

Investment Rating - The industry investment rating is "Overweight" [3] Core Viewpoints - The report emphasizes the significant growth potential in the humanoid robotics sector, with a projected cumulative global demand of approximately 2 million units by 2030, indicating a critical breakthrough phase from 0 to 1 [6][20] - The report highlights the acceleration of N-type penetration in photovoltaic equipment, strengthening the competitive edge of leading companies under the Matthew effect [21] - The energy storage sector is identified as essential for building a new type of power grid, with favorable policies enhancing industry prosperity [21] - The semiconductor equipment market is expected to reach $140 billion by 2030, with an increasing share from mainland China, although the domestic production rate remains low [21] - The automation market, particularly industrial consumables, is projected to grow from approximately 40 billion to 55.7 billion by 2026, benefiting from increased concentration and import substitution [22] - Hydrogen energy, particularly green hydrogen, aligns with carbon neutrality goals, supported by the rapid development of photovoltaic and wind energy [21] Summary by Sections Humanoid Robotics - Key companies recommended for investment include Huasheng Tiancai, Sanhui Electric, and Zhejiang Rongtai, among others [4] - The report discusses the recent humanoid robot sports event in Beijing, showcasing over 500 robots from 16 countries competing in various categories [15][20] - The introduction of the Genie Envisioner platform by Zhiyuan Robotics is noted as a significant advancement in the field, integrating video generation with robotic control [11][20] Photovoltaic Equipment - The report suggests focusing on leading companies like Maiwei and Jiejiacreating, which possess technological innovation and customer base advantages [21] - The overall price center of the photovoltaic industry chain is declining, with a focus on cost and efficiency improvements [21] Energy Storage - The report highlights the favorable policies for both generation-side and user-side energy storage, driving comprehensive development in the sector [21] - Companies like Xingyun and Kexin are identified as key players in the energy storage market [21] Semiconductor Equipment - The semiconductor equipment market is projected to double in the next decade, with a significant increase in demand for domestic production [22] - Companies such as Zhongwei and Beifang Huachuang are recommended for investment [22] Automation - The automation market is expected to grow significantly, with a focus on industrial consumables and the potential for leading companies to benefit from increased market concentration [22] Hydrogen Energy - The report emphasizes the importance of green hydrogen in achieving carbon neutrality, recommending companies like Longi Green Energy and Yihua Tong for investment [21]

民生证券8月17日发布研报称，给予北特科技（603009.SH，最新价：43.19元）推荐评级。评级理由主 要包括：1）公司2025Q2营收5.71亿元，同比+18.77%，环比+5.33%；归母净利润0.32亿元，同比 +48.83%，环比+38.51%；扣非归母净利润0.31亿元，同比+78.65%，环比+49.94%；2） 营收稳健增 长，盈利能力提升显著；3）底盘零部件保持稳健，空调压缩机快速增长；4）布局行星滚柱丝杠产能， 蓄力公司未来发展。风险提示：原材料价格波动超出预期，人形机器人量产节奏不及预期，客户定点情 况不及预期。 （文章来源：每日经济新闻） ...