Summary of Zhenjiang Co. Conference Call Company Overview - **Company**: Zhenjiang Co. - **Industry**: Wind Energy and Exoskeleton Robotics Key Points Wind Energy Business - Zhenjiang Co. signed a framework order with Siemens totaling approximately 17 billion RMB, effective until 2030, primarily for wind turbine assembly, including 14 MW hub assembly, with production expected to accelerate in Q3 2025 and significant delivery increases in Q4 2025 [2][3] - The company projects a net profit of 180 million RMB for 2025 and 320 million RMB for 2026, driven by assembly business, increased rotor value from larger offshore wind turbines (14 MW model value up 50% compared to 11 MW, and 90% compared to 8 MW), and tower business [2][3] - Zhenjiang Co. has become a core supplier for Siemens, evolving from 2.3 MW wind turbine assembly to more complex components, with plans to develop a 21 MW model by 2027 [3][4] - The company has secured long-term contracts with Siemens to stabilize profit margins against raw material price fluctuations, with rotor product gross margins returning to historical highs [3][6] Exoskeleton Robotics Project - The exoskeleton robotics project aims to address labor aging in manufacturing and the physical challenges of assembling larger wind turbines, with applications in industrial, outdoor sports, and healthcare sectors, where healthcare applications account for 70% of the market share [2][5] - Industrial applications can enhance productivity by approximately 30%, reducing costs for heavy labor workers [5] - The company plans to launch hip and knee exoskeleton robots in September, with an initial production capacity of 20,000 units and an expected delivery of 2,000 units this year, priced at 9,800 RMB each, with a gross margin exceeding 50% [3][10] - The C-end market promotion is in early stages, focusing on elderly care needs, with plans for online sales and marketing through influencers [7][10] Military Applications - The military sector is a significant application area for exoskeleton robots, with recent demonstrations receiving positive feedback from military officials [8][9] - The company aims to integrate into the military supply chain, recognizing the substantial market potential [9] Technological Advancements - Recent advancements in battery technology have significantly improved energy density and longevity, making C-end market applications feasible [11] - The cost of key components, such as drive modules, has decreased, facilitating broader adoption of exoskeleton robots [11] Market Dynamics - The company is positioned to benefit from the increasing demand for larger offshore wind turbines and the need for innovative solutions in labor-intensive industries [4][5] Additional Important Information - Zhenjiang Co. is actively collaborating with hospitals to promote exoskeleton robots for rehabilitation, targeting the elderly demographic [5][7] - The company is also exploring partnerships with leading brain-computer interface firms to enhance rehabilitation solutions for patients with mobility impairments [12]

证券之星消息，8月26日风电设备板块较上一交易日上涨2.45%，电气风电领涨。当日上证指数报收于 3868.38，下跌0.39%。深证成指报收于12473.17，上涨0.26%。风电设备板块个股涨跌见下表： 从资金流向上来看，当日风电设备板块主力资金净流出3.24亿元，游资资金净流入2.81亿元，散户资金净 流入4367.98万元。风电设备板块个股资金流向见下表： | 代码 名称 | | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 688660 | 电气风电 | 1.38 Z | 7.35% | -4953.67万 | -2.64% | -8862.26万 | -4.71% | | 601615 明阳智能 | | 6815.08万 | 9.51% | -2510.71万 | -3.50% | -4304.37万 | -6.01% | | 002487 | 大全車工 | 4691.14万 | 8.26% | 384.36万 | - 0.6 ...

证券之星消息，8月22日风电设备板块较上一交易日上涨0.93%，振江股份领涨。当日上证指数报收于 3825.76，上涨1.45%。深证成指报收于12166.06，上涨2.07%。风电设备板块个股涨跌见下表： 从资金流向上来看，当日风电设备板块主力资金净流入1.2亿元，游资资金净流出6673.27万元，散户资金 净流出5367.81万元。风电设备板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603507 振江股份 | | 7719.84万 | 11.18% | -1745.22万 | -2.53% | -5974.62万 | -8.65% | | 603063 禾望电气 | | 7301.80万 | 6.66% | 4482.38万 | 4.09% | -1.18亿 | -10.75% | | 603985 恒润股份 | | 5171.44万 | 15.33% | -1309.39万 | ...

Core Viewpoint - The company is currently in discussions with multiple potential clients regarding its exoskeleton products, aiming to meet diverse customization needs through specialized optimization efforts [1] Group 1 - The company has initiated specialized optimization work to address the personalized requirements of different clients [1] - Production resources will be flexibly allocated based on the specific scale and specifications of final orders to ensure precise matching of capacity and demand [1] - The company anticipates that sales will officially commence in the fourth quarter of this year, entering the market delivery phase [1]

Group 1 - The company, Zhenjiang Co., stated that there is currently no cooperative relationship between its subsidiary, Haipuman Robotics, and Boruikang Technology [2]

Group 1 - Wind power equipment experienced significant price increases, with Electric Wind Power reaching a new high during trading [1] - Feiwo Technology saw a 20% limit-up increase, indicating strong market interest [1] - Other companies such as Yunda Co., China Shipbuilding Technology, Zhenjiang Co., Taisheng Wind Energy, and Tianneng Heavy Industry also experienced upward movement in their stock prices [1]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301040 | 世康省 | 28.64 | 6.11% | 9.00万 | | 2.56亿 | | 603507 | 振江股份 | 27.39 | 5.83% | 30.73万 | | · 8.16亿 | | 300904 | 威力传动 | 58.91 | 5.65% | 4.16万 | | 2.41亿 | | 301557 | 常友科技 | 75.01 | 3.63% | 1.86万 | | 1.38亿 | | 603063 | 禾望电气 | 39.31 | 3.47% | 46.64万 | | 18.42亿 | | 300690 | 双一科技 | 26.18 | 3.40% | 14.14万 | | 3.66亿 | | 301163 | 宏德股份 | 27.83 | 2.20% | 3.72万 | | 1.03亿 | | 600072 | 中船科技 | 12.99 | 2.20% | 29.73万 | | 3.84亿 | | ...

Group 1 - The core viewpoint of the article is that Zhenjiang Co., Ltd. has completed the basic research and development of its exoskeleton robots and expects to achieve mass production capability within the year [1]

Group 1 - The core point of the article is that the company has completed the basic research and development of its exoskeleton robot and expects to achieve mass production capability within the year [2] Group 2 - Investors inquired about the status of the company's exoskeleton robot development on the investor interaction platform [2] - The company responded that the R&D work for the exoskeleton robot is finished [2] - The company anticipates that the exoskeleton robot will be ready for mass production by the end of the year [2]

证券之星消息，8月4日风电设备板块较上一交易日上涨0.1%，振江股份领涨。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。风电设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603507 | 振江股份 | 25.88 | 6.15% | 28.84万 | 7.35 Z | | 300904 | 威力传动 | 55.76 | 6.05% | 3.52万 | 1.97亿 | | 300850 | 新强联 | 34.68 | 4.55% | - 10.91万 | 3.71亿 | | 300443 | 金雪股份 | 22.47 | 3.88% | 14.45万 | 3.23亿 | | 603985 | 恒润股份 | 17.18 | 2.51% | 14.97万 | 2.56亿 | | 300772 | 运达股份 | 13.09 | 2.51% | 19.57万 | 2.54亿 | | 300690 | 双一科技 | 25.32 ...