证券代码：603119 证券简称：浙江荣泰 公告编号：2025-053 浙江荣泰电工器材股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 并继续进行现金管理的公告 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： 履行的审议程序：浙江荣泰电工器材股份有限公司（以下简称"公司"） 于 2025 年 2 月 28 日召开的第二届董事会第五次会议、第二届监事会第四次会议， 审议通过了《关于使用部分闲置募集资金进行现金管理的议案》。具体内容详见 公司于 2025 年 3 月 1 日在上海证券交易所网站（www.sse.com.cn）披露的《关 于使用部分闲置募集资金进行现金管理的公告》（公告编号：2025-013）。 特别风险提示：尽管公司本次购买的保本浮动收益型存款产品属于较低 风险理财品种，但金融市场受宏观经济影响较大，不排除该项投资受到市场波动 影响的风险。 一、本次现金管理到期赎回情况 公司使用暂时闲置募集资金向交通银行嘉兴南湖支行购买了总金额为 5,000 万元人民币的结构性存款产品，上述结构性存款产 ...

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： 履行的审议程序：浙江荣泰电工器材股份有限公司（以下简称"公司"） 于 2025 年 2 月 28 日召开的第二届董事会第五次会议、第二届监事会第四次会议， 审议通过了《关于使用部分闲置募集资金进行现金管理的议案》。具体内容详见 公司于 2025 年 3 月 1 日在上海证券交易所网站（www.sse.com.cn）披露的《关 于使用部分闲置募集资金进行现金管理的公告》（公告编号：2025-013）。 特别风险提示：尽管公司本次购买的保本浮动收益型存款产品属于较低 风险理财品种，但金融市场受宏观经济影响较大，不排除该项投资受到市场波动 影响的风险。 证券代码：603119 证券简称：浙江荣泰 公告编号：2025-052 浙江荣泰电工器材股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 并继续进行现金管理的公告 一、本次现金管理到期赎回情况 公司使用暂时闲置募集资金向杭州银行股份有限公司嘉兴分行购买了总金 额为 23,000 万元人民币的结构性存款产品，上述 ...

再收购，浙江荣泰（603119）(603119.SH)加码人形机器人布局。 浙江荣泰加速进军新兴领域，途径之一，是并购。 今年6月，在半个月的时间内，浙江荣泰官宣收购两家公司。 6月13日，浙江荣泰发布公告，公司完成了对狄兹精密51%股权的收购交易。 6月26日，浙江荣泰与相关方签署《意向协议书》，拟通过股份转让的方式入股广东金力智能传动技术 股份有限公司(以下简称"金力传动")。交易完成后，公司将取得金力传动不低于15%的股权。 浙江荣泰称，本次交易有助于公司快速进入智能传动、人形机器人等新兴领域。 今年6月13日，浙江荣泰还曾公告，公司出资2.45亿元取得上海狄兹精密机械有限公司(以下简称"狄兹 精密")51%股权的交易已经完成。此次交易，也有助于公司快速进入精密传动、智能装备、人形机器人 等新兴领域。 浙江荣泰主要从事各类耐高温绝缘云母制品的研发、生产和销售，其产品应用领域从新能源乘用车拓展 到储能、新能源商用车、低空飞行器及机器人等多个领域。 A股市场上，机器人、人形机器人概念火热，浙江荣泰的股价涨势喜人。年初以来，公司股价已经翻 倍。 浙江荣泰的经营业绩也表现为持续增长。2020年—2024年，公司 ...

Core Viewpoint - The dexterous hand market is expected to grow significantly, reaching $1.706 billion in 2024 and projected to increase to $1.921 billion in 2025 and $3.036 billion by 2030, driven by the demand for humanoid robots that require more advanced dexterous hands with higher degrees of freedom [2][11]. Market Overview - The dexterous hand market is anticipated to reach 760,100 units in 2024, with projections of 861,800 units in 2025 and 1,412,100 units by 2030, reflecting a compound annual growth rate (CAGR) of 10.38% and 9.59% respectively [28][29]. Driving Solutions - The mainstream driving solutions include underactuated, external/mixed, and electric drives, with a shift from hollow cup motors to brushless gear motors. Underactuated designs sacrifice precision for cost reduction and faster deployment, while electric drives are favored for their modular design and high precision [3][11][45]. - Tesla's third-generation dexterous hand has replaced some hollow cup motors with brushless gear motors, indicating a potential shift in motor solutions [3][11]. Transmission Solutions - Transmission solutions encompass gear/worm gear, linkages, screws, and tendon-driven systems, each with its advantages and disadvantages. The tendon + screw composite transmission can enhance transmission precision while maintaining flexibility, exemplified by Tesla's third-generation dexterous hand [4][5][51]. Perception Solutions - Multi-modal perception is a defined trend, with force/torque sensors evolving towards strain gauge types and flexible sensors focusing on enhancing sensitivity and stability. MEMS pressure sensors, particularly resistive types, are becoming more prevalent in dexterous hand applications [6][66][74]. Industry Trends - Both domestic and international products are increasingly pursuing high degrees of freedom and multi-modal perception, highlighting the industry's development trends. Investment recommendations include companies involved in reducers and screw chains, such as Fuda Co., Zhejiang Rongtai, and Wuzhou Xinchun [8][11]. Future Outlook - The iteration of Tesla's dexterous hand clearly indicates a mainstream shift towards tendon-driven systems, achieving a doubling of degrees of freedom, transmission upgrades, drive switching, and breakthroughs in multi-modal perception [7][11].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company plans to acquire a 15% stake in Jinli Transmission, entering the micro transmission module sector. This acquisition is expected to enhance the company's product offerings and market reach [9] - The target company, Jinli Transmission, is recognized as a leading brand in micro-special transmission, with significant technological expertise and a strong production capacity [9] - The financial forecasts indicate substantial revenue and profit growth, with expected net profits of 3.3 billion, 4.7 billion, and 6.4 billion yuan for 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 42%, 45%, and 35% [9] Financial Projections - Total revenue is projected to reach 800.26 million yuan in 2023, increasing to 2,808.45 million yuan by 2027, with a compound annual growth rate (CAGR) of approximately 32.86% [1] - The net profit attributable to the parent company is expected to grow from 171.80 million yuan in 2023 to 638.24 million yuan in 2027, with a CAGR of 34.75% [1] - The earnings per share (EPS) is forecasted to rise from 0.47 yuan in 2023 to 1.75 yuan in 2027, indicating strong profitability growth [1] Market Data - The closing price of the company's stock is 44.98 yuan, with a market capitalization of 16,361.12 million yuan [6] - The price-to-earnings (P/E) ratio is projected to decrease from 95.23 in 2023 to 25.63 in 2027, reflecting improved earnings and valuation [1][10] Strategic Initiatives - The acquisition of Jinli Transmission is expected to facilitate the development of integrated solutions combining micro transmission and control systems, significantly expanding the company's product matrix [9] - The partnership will enable the company to jointly develop business with overseas clients, enhancing its international market presence [9]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company is strategically investing in the robotics sector by acquiring a stake in Jinli Transmission, which has an overall valuation of RMB 2 billion, aiming to hold at least 15% of the target company [1] - The acquisition is expected to enhance the company's capabilities in intelligent transmission and humanoid robotics, thereby strengthening its competitive advantage and profitability [1] - The company has a strong foundation in its core business, particularly in mica products, which are well-established and cater to top global automotive clients [2] - The company is projected to maintain high growth in its mica business, supported by increasing contributions from major clients like Volkswagen and Tesla [2] Financial Performance and Projections - The company is expected to achieve a net profit of RMB 327 million, RMB 465 million, and RMB 637 million for the years 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 42%, 42%, and 37% [3] - Revenue is projected to grow from RMB 800 million in 2023 to RMB 2.897 billion in 2027, with a compound annual growth rate (CAGR) of approximately 34.9% [4] - The company's earnings per share (EPS) is expected to increase from RMB 0.47 in 2023 to RMB 1.75 in 2027 [4] - The price-to-earnings (P/E) ratio is projected to decrease from 95.2 in 2023 to 25.7 in 2027, indicating an improving valuation as earnings grow [4] Strategic Developments - The company is making significant strides in the robotics sector through the acquisition of Diz Precision, which specializes in micro ball screws and has a strong R&D capability [2] - The strategic layout in the robotics field is becoming clearer, with initial sales to robotics companies already generating revenue [2] - The company is expected to benefit from its established technology and customer resources, which create a competitive moat in the mica market [2]

Core Viewpoint - Zhejiang Rongtai Electric Equipment Co., Ltd. has signed a non-binding intention agreement to acquire a stake in Guangdong Jinli Intelligent Transmission Technology Co., Ltd., aiming to hold at least 15% of the target company's shares, which will become an associate subsidiary of Zhejiang Rongtai [1][2][5]. Summary by Sections Agreement Overview - The intention agreement is aimed at extending the industrial chain and enhancing competitive strength, with the transaction involving the acquisition of shares from Jinli Transmission's shareholders and a capital increase [2][3]. - The agreement does not constitute a related party transaction or a major asset restructuring as defined by regulations, and it does not require board or shareholder approval at this stage [2][3]. Target Company Information - Jinli Transmission is a non-listed joint-stock company established on July 25, 2011, with a registered capital of 70.256 million yuan, focusing on the research, production, and sales of micro intelligent transmission modules and related components [3][4]. - The company has a strong reputation and capabilities in the micro intelligent transmission field, providing integrated solutions for motion drive and control [4]. Financial Data - As of December 31, 2024, Jinli Transmission reported total assets of 718.83 million yuan, total liabilities of 327.80 million yuan, net assets of 391.03 million yuan, operating income of 598.19 million yuan, operating costs of 456.36 million yuan, and a net profit of 65.49 million yuan [5]. Transaction Details - The transaction is contingent upon the completion of internal approvals, signing of final agreements, and no significant adverse changes in the target company's financial or operational conditions [6][7]. - The agreement includes special provisions regarding share transfers and rights in the event of an IPO, ensuring that Zhejiang Rongtai maintains a level of control over Jinli Transmission [7][8]. Impact on Company - The agreement lays a solid foundation for future cooperation and is expected to enhance Zhejiang Rongtai's profitability, risk resistance, and sustainable development capabilities by entering emerging fields such as intelligent transmission and humanoid robotics [8].

Core Viewpoint - Zhejiang Rongtai plans to acquire a stake in Guangdong Jinli Intelligent Transmission Technology Co., Ltd. and increase its investment, aiming to hold at least 15% of Jinli Transmission's shares, which will make it an associate company [1][2] Group 1: Investment Details - On June 25, Zhejiang Rongtai signed a letter of intent with Jinli Transmission and its shareholders to acquire part of their shares and increase its investment [2][3] - Jinli Transmission, established in 2011, has a registered capital of 70.256 million yuan and focuses on the R&D, production, and sales of micro intelligent transmission modules and motors, projecting a revenue of 598 million yuan and a net profit of 65.492 million yuan for 2024 [2][3] Group 2: Strategic Importance - The agreement establishes a foundation for future cooperation in the industrial sector, allowing Zhejiang Rongtai to quickly enter emerging fields such as intelligent transmission and humanoid robots [2][3] - The transaction is part of a broader strategy, as Zhejiang Rongtai has already made two investments in the robotics sector within six months, including acquiring a 51% stake in Shanghai Diz Precision Machinery Co., Ltd. [4][5] Group 3: Special Agreements and Risks - There are special agreements in place to ensure that the controlling status of Jinli Transmission's shareholders is maintained during Zhejiang Rongtai's ownership, with provisions for Zhejiang Rongtai to acquire control if Jinli Transmission does not complete an IPO by June 30, 2030 [3] - The agreement includes rights for Zhejiang Rongtai such as preemptive rights and anti-dilution rights, but the completion of the transaction is subject to various approvals and due diligence [3][4]

每经记者｜王琳 每经编辑｜张海妮 并购重组 宁波能源：拟收购甬创电力40%股权 宁波能源公告，公司拟以现金方式收购浙江德升新能源科技有限公司持有的宁波甬创电力科技有限公司 （以下简称甬创电力）40%股权，收购完成后将持有甬创电力100%股权。 浙江荣泰：签订股权收购意向性协议 浙江荣泰公告，公司于6月25日签署《意向协议书》，拟受让广东金力智能传动技术股份有限公司（以 下简称金力传动）部分股份，同时向金力传动增资，从而实现合计持有金力传动不低于15%的股份。 增减持 福能股份：控股股东及其一致行动人拟增持公司股份 福能股份公告，公司控股股东福建省能源集团及其一致行动人福建省福能兴业股权投资管理有限公司拟 以包括但不限于集中竞价交易等方式增持公司A股股份，增持总金额不低于1亿元且不超过2亿元。 英利汽车：控股股东拟减持不超过3%公司股份 英利汽车公告，公司控股股东开曼英利工业股份有限公司计划通过集中竞价交易和大宗交易方式，减持 公司股份合计不超过4757万股，即不超过公司总股本的3%。 思特威：大基金二期累计减持0.65%公司股份 思特威公告，截至6月24日，公司持股5%以上股东国家集成电路产业投资基金二期股份 ...

证券代码：603119 证券简称：浙江荣泰 公告编号：2025-051 浙江荣泰电工器材股份有限公司 关于签订股权收购意向性协议的公告 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： 本次签订的意向协议仅为公司与交易对方达成的收购意向，不作为股权 收购的依据，各方需要根据尽调、审计、评估等结果进一步协商是否签订股权转 让协议，且正式的协议签署尚需履行必要的决策程序，故公司本次筹划的收购事 项尚存在不确定性。 广东金力智能传动技术股份有限公司（以下简"金力传动"或"目标公 司"）相关股份转让需实际转让方同意，公司向目标公司的增资需要目标公司股 东会审议通过，故本事项实施过程中尚存在不确定性。 未来目标公司的业绩受到多方面因素的影响，可能存在较大波动，若目 标公司未来经营状况未达预期，则可能对上市公司当年业绩产生不利影响。 目标公司目前尚处于上市筹备中，尚未聘请保荐机构进行 IPO 辅导备案， IPO 事宜存在重大不确定性。 本次签署的意向协议书不构成关联交易。经初步测算预估，本次交易不 构成《上市公司重大资产重组 ...