独立董事：包维义 财务总监：张 艳 董事会秘书：刘功友 四、 投资者参加方式 （一）投资者可在 2025 年 8 月 18 日（星期一）15:00-16:00， 通过互联网登录上证路演中心（https://roadshow.sseinfo.com/） 在线参与本次业绩说明会，公司将及时回答投资者的提问。 证券代码：603009 证券简称：北特科技 公告编号：2025-038 上海北特科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： ???会议召开时间：2025 年 8 月 18 日 （星期一） 15:00-16:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 8 月 11 日 （星期一） 至 8 月 15 日 （星期 五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 touzi ...

上海北特科技股份有限公司 证券代码：603009 证券简称：北特科技 公告编号：2025-038 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 8 月 18 日 （星期一） 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 8 月 11 日 （星期一） 至 8 月 15 日 （星期 五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 touzizhe@beite.net.cn 进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 上海北特科技股份有限公司（以下简称"公司"）将于 2025 年 8 月 15 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入 地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 8 月 1 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting potential growth opportunities in the humanoid robotics sector and related companies [6][9][46]. Core Insights - The 2025 World Robot Conference is set to showcase over 1,500 exhibits from more than 200 companies, emphasizing innovation and collaboration within the robotics industry [4][5]. - The humanoid robotics sector is undergoing a significant transformation, moving from virtual to real-world applications, which is expected to drive demand and create new market opportunities [6][9]. - The report identifies specific companies as key investment opportunities, including Shuanglin Co., Ltd., Leedick, and others, based on their positioning in the humanoid robotics and automotive sectors [9][46]. Market Performance - The automotive sector has shown a 36.5% increase over the past 12 months, outperforming the broader market [2][17]. - The report notes a decline in the automotive index by 2.1% recently, lagging behind the overall market performance [16][22]. Company Announcements and New Models - NIO's L90 and Li Auto's i8 have been launched, with the L90 priced starting at 279,900 CNY and the i8 ranging from 321,800 to 369,800 CNY, both featuring advanced electric vehicle technologies [7][8][63]. - The report highlights the strategic importance of these new models in enhancing the companies' market positions and technological capabilities [7][8]. Investment Recommendations - The report recommends several companies for investment based on their roles in the humanoid robotics and automotive sectors, including Shuanglin Co., Ltd., Leedick, and others, emphasizing their growth potential and market positioning [9][46][48].

Group 1 - The core viewpoint of the news is that Beite Technology (603009) has shown a decline in stock price and a mixed performance in capital flow, despite reporting a significant increase in revenue and net profit for the first quarter of 2025 [1][3] - As of August 1, 2025, Beite Technology's stock closed at 38.89 yuan, down 0.97%, with a turnover rate of 1.8% and a trading volume of 60,800 lots, amounting to 236 million yuan [1] - The company's latest quarterly report indicates total operating revenue of 542 million yuan, a year-on-year increase of 10.73%, and a net profit attributable to shareholders of 23.06 million yuan, reflecting a year-on-year growth of 40.31% [1] Group 2 - Beite Technology has a current liquidity ratio of 1.000, a quick ratio of 0.695, and a debt-to-asset ratio of 50.24% [1] - The company has made investments in 12 enterprises and participated in 11 bidding projects, showcasing its active engagement in the market [2] - Beite Technology holds 2 trademark registrations and 96 patents, along with 93 administrative licenses, indicating a strong intellectual property portfolio [2]

Investment Rating - The report does not explicitly state an investment rating for the automotive industry or the embodied intelligence sector Core Insights - The embodied intelligence sector is entering a rapid implementation phase as of 2025, with multiple manufacturers planning mass production of robots across various applications [12][16][18] - The automotive industry is actively integrating embodied intelligence into its supply chain, leveraging existing technological advancements and manufacturing capabilities [34][37] - Government policies across various provinces are increasingly supportive of the embodied intelligence and robotics industries, aiming to foster innovation and market expansion [17][21][18] Summary by Sections 1. Rapid Development of Embodied Intelligence - The period from 2020 to 2025 marks a significant evolution in embodied intelligence, driven by advancements in AI and robotics, particularly following the release of OpenAI's ChatGPT3 [11] - Major manufacturers like Tesla and Xiaomi are entering the market, with Tesla predicting a production capacity of over 5,000 units by 2025 and 50,000 units by 2026 [13][16] - The demand for robots in various sectors is projected to grow significantly, with manufacturing being a primary area for automation due to its repetitive tasks [25][27] 2. Integration of Automotive and Embodied Intelligence - The automotive industry is leveraging its existing technological expertise in areas such as sensor fusion and control algorithms to facilitate the development of embodied intelligence [34][37] - Over ten automotive manufacturers are actively pursuing the embodied intelligence sector through self-development and strategic investments [36][37] - The shared supply chain for components like sensors and chips between automotive and robotics sectors is expected to reduce costs and enhance production efficiency [43][49] 3. Government Support and Policy Framework - Various provinces, including Shenzhen and Beijing, have introduced policies to support the development of embodied intelligence, focusing on technology breakthroughs and ecosystem building [17][21][18] - The policies aim to create a conducive environment for innovation, with specific targets for industry scale and technological advancements by 2027 [18][21] - The report highlights a collaborative approach among regions to drive the growth of the embodied intelligence sector, emphasizing the importance of technology and market integration [18][21]

问：公司底盘零部件业务的情况及优势？ 答：底盘零部件业务是公司的基石，经过20多年的发展，现有产品结构较为丰富，综合来看，这些零部件大 部分为汽车用安全件，从原材料，到热处理、各种机加，在工艺上的标准要求，都非常高，也因此，公司研 发团队在相应的精密车加工、磨加工、原材料调质、表面热处理、探伤、校直等环节，形成了一套专业性 高、体系性强的工艺流程和生产方案；另外，客户基本为细分领域的头部知名tier1总成商，彼此形成极为稳 定且持续的供应链关系。 问：公司压缩机业务的状况如何？ 证券之星消息，2025年8月1日北特科技（603009）发布公告称公司于2025年8月1日接受机构调研，国鑫投资 崔文成汤泓、国泰海通证券马潇、渝能投资胡亚瑄、中国银河（601881）证券董德森参与。 具体内容如下： 问：本次小额快速再融资的进展情况？ 答：公司于2025年6月27日，披露2025年度以简易程序向特定对象发行股股票预案的公告，目前正在按照流程 有序推进此次再融资工作，其中对外投资审批事项，公司已取得上海市发展和改革委员会下发的《境外投资 项目备案通知书》(沪发改开放[2025]230号)，以及上海市商务委员会下发的《企 ...

Group 1 - The core viewpoint of the news is that Beite Technology (603009) experienced a decline in stock price and significant net outflow of funds, despite reporting positive revenue and profit growth in its latest quarterly earnings [1][3]. - As of July 29, 2025, Beite Technology's stock closed at 39.81 yuan, down 1.56%, with a trading volume of 72,200 hands and a transaction amount of 288 million yuan [1]. - The company reported total revenue of 542 million yuan for the first quarter of 2025, representing a year-on-year growth of 10.73%, and a net profit attributable to shareholders of 23.06 million yuan, up 40.31% year-on-year [1]. Group 2 - Beite Technology has made investments in 12 companies and participated in 11 bidding projects, indicating active engagement in business expansion [2]. - The company holds 2 trademark registrations and 96 patents, showcasing its focus on intellectual property development [2]. - Beite Technology has 93 administrative licenses, reflecting its compliance and operational capabilities within the industry [2].

Group 1 - The report aims to summarize important weekly deep reports, significant commentary, and marginal changes within the macro strategy team of large manufacturing [1] - Core stocks identified by the team include Huada Jiutian, Shanghai Yanpu, Zhejiang Rongtai, and others [1] - The core portfolio consists of companies such as Sany Heavy Industry, XCMG Group, and others, indicating a focus on key players in the manufacturing sector [1] Group 2 - As of July 18, 2025, the best-performing indices in the last week included Communication (+8%), Pharmaceutical Biology (+4%), and Automotive (+3%) [2][13] - The top three indices in the large manufacturing sector were Changjiang Lithium Battery Equipment Index (+5%), Automotive Parts (+4%), and Automotive (+3%) [2][15] - A deep report on Xuguang Electronics highlights its leadership in domestic vacuum devices and growth potential in controllable nuclear fusion and electronic materials [4] Group 3 - The report indicates that the total investment of approximately 1.2 trillion yuan in the Yarlung Zangbo River downstream hydropower project has commenced, driving demand for construction machinery [3] - The defense sector is expected to benefit from military trade leading to strategic reassessment, particularly in regions like the Middle East [3] - The competitive landscape for vacuum arc extinguishing chambers shows a high concentration in the domestic market, with a CR2 of about 60% [5] Group 4 - The report forecasts a revenue CAGR of approximately 35% for the megawatt-level electronic tube segment from 2024 to 2027 [4] - The power equipment business is expected to achieve a revenue CAGR of about 10% during the same period, driven by ongoing investments in the power grid [4] - The military business is projected to benefit from increased defense spending, with precision structural components expected to account for 58% of military revenue in 2024 [5] Group 5 - The report anticipates that the company will achieve revenues of 1.95 billion, 2.39 billion, and 3.03 billion yuan from 2025 to 2027, with a CAGR of 24% [4] - The expected net profit for the same period is projected to be 170 million, 210 million, and 270 million yuan, with a CAGR of 39% [4] - The report highlights the company's strong position in the domestic aluminum nitride materials market, benefiting from domestic substitution trends [5] Group 6 - The report notes that the company has a high market share in the medical information technology sector, covering approximately 60% of tertiary hospitals by the end of 2024 [6] - The expected growth in the domestic medical software industry is projected at a CAGR of 11.5% from 2024 to 2029 [6] - The company is collaborating with major players like Huawei to develop a comprehensive intelligent medical information platform [6]

专题：聚焦2025基金二季报：AI、医药、新消费…谁是基金新宠？ 近日，鹏华基金经理闫思倩管理的碳中和主题混合基金二季报披露。该基金今年以来收益率达 57.35%，稳居二季度权益类基金榜首，近一年收益超131%，四分位排名优秀。 闫思倩在二季报中表示，上半年全球产业链重构对市场冲击显著，关税等政策不确定性加剧制造业压 力，家电、汽车、光模块及军工等出海板块承压明显。尽管光伏、锂电等新能源行业盈利疲软，但经历 四年下行周期后已触底反弹。 她指出，长期投资需聚焦业绩确定性与全球竞争力，而短期盈利改善、需求增长及出海挑战仍存不确定 性。例如小米YU7热销未能带动板块持续走强，风电"驭风行动"亦难消解增长担忧，光伏"反内卷"更需 实质性产能出清而非行业自律。 基于此，闫思倩将策略重心转向制造业的"供给侧改革"与"技术升级"。她强调，技术升级是提升全球竞 争力的核心路径，尤其对中国——全球最大碳排放国（工业占70%碳排放）和制造国而言，工业节能降 碳至关重要。配置上，具体布局聚焦"制造业+AI"与"低碳+AI"融合领域，包括固态电池、钙钛矿光 伏、飞行汽车、无人驾驶、绿色数据中心及具身智能（如工业机器人）。 从持仓表现 ...

Investment Rating - The report indicates a positive investment outlook for the humanoid robot industry, highlighting significant growth potential driven by policy support and technological advancements [3][10]. Core Insights - The humanoid robot industry is experiencing rapid development, with government policies emphasizing embodied intelligence as a key focus for future industrial growth [10]. - Major companies are investing heavily in humanoid robotics, leading to accelerated technological progress and market expansion [3][8]. - The production of humanoid robots is set to increase significantly, with projections estimating a global market size of 150 billion yuan by 2029 [3][17]. Summary by Sections 1. Emergence of the Humanoid Robot Industry - The humanoid robot sector is entering a phase of industrialization, with advancements in AI enhancing interaction and learning capabilities [6][8]. 2. Harmonic Reducers: Acceleration of Domestic Production - Domestic manufacturers are ramping up production of harmonic reducers, which are critical components for humanoid robots [22][39]. 3. Planetary Roller Screws: Breakthrough in Domestic Production - The planetary roller screw market is expanding, with increasing applications in various industries, including automotive and robotics [56][68]. 4. Frameless Torque Motors: Domestic Performance Surpassing Expectations - Domestic frameless torque motors are showing competitive advantages in performance and cost, contributing to the overall growth of the humanoid robot market [28][29]. 5. Dexterous Hands: Technological Iteration and Upgrades - The development of dexterous hands is crucial for enhancing the functionality of humanoid robots, with ongoing technological improvements [22][28]. 6. Six-Dimensional Torque Sensors: Continuous Cost Reduction - The market for six-dimensional torque sensors is expected to grow as costs decrease, making them more accessible for humanoid robot applications [22][28]. 7. Market Potential and Production Plans - Companies like Tesla and Figure AI are planning significant production increases, with Tesla aiming for 5000 units in 2025 and up to 1 million units by 2029 [17][19].