浙江捷昌线性驱动科技股份有限公司 关于对马来西亚全资子公司增资的公告 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： 1、本次增资事项涉及资金出境，尚需取得发改部门、商务部门、外汇管理 部门及马来西亚相关部门等的审批，存在未获准以及最终取得批准的时间、金额 不确定的风险； 2、本次投资为境外投资，马来西亚的法律体系、政治体系、商业环境及文 化氛围与国内有较大差异，可能给本次投资带来一定的风险； 3、本投资项目是基于公司自身发展和市场前景作出的决策，后续如行业政 策、市场环境等发生较大变化，存在项目的实际经营情况及盈利能力不及预期的 风险。 一、对外投资概述 证券代码：603583 证券简称：捷昌驱动 公告编号：2025-005 公司拟通过全资子公司新加坡 J-STAR 对全资子公司马来西亚 J-STAR 增资 新建生产基地，该项目总投资金额为 2,850 万美元，投资建设进度将根据生产经 营情况进行调整。上述资金将用于该生产基地的建设和业务开展所必需要的生产 经营活动，包括但不限于购置土地、建造厂房、购买设备及 ...

本报告导读： 传动方式看，腱绳方案依然较为主流，各家厂商传动方案整体看不尽相同，均存在一定创新性，在一级 二级三级传动的各环节中，特斯拉选用电机+微型丝杠+腱绳的创新方案。 灵巧手触觉方案：感知技术是机器人商业化落地的"功能触角"。灵巧手的传感器主要包括内部传感器和 外部传感器两类。内部传感器主要反馈灵巧手的姿态信息，决定灵巧手稳定能力。外部传感器包括接近 觉传感器和触觉传感器，主要感知目标物体的位置、受力等信息，其中触觉传感器是灵巧手完成各项功 能的关键。触觉传感器的核心任务是模拟人类皮肤的感知能力，其技术路线围绕"灵敏度"与"多功能"展 开，因此在材料的选择上，触觉传感器偏好于具有柔软、低模量、易变形等属性的柔性材料。其中压阻 式传感器结构简单、成本低，是较为常见的触觉传感器。远期看，电子皮肤是触觉传感的终极形态，其 被视为未来电子技术的新兴发展方向。 风险提示：人形机器人产业化进程不确定性风险、技术研发不及预期的风险 灵巧手是人形机器人的灵魂，降本是核心。灵巧手作为一种仿人手生理结构机器人，是一种拟人化并能 实现智能控制的高级末端执行机构。灵巧手种类多样，按照传动方式与驱动结构划分，可以分为腱绳传 动、 ...

证券代码：603583 证券简称：捷昌驱动 公告编号：2025-004 浙江捷昌线性驱动科技股份有限公司 公司关注到近期市场对于人形机器人相关概念的关注度较高，部分机构 将公司列为机器人概念标的。公司主持的"领雁"研发攻关计划项目-高推力密度 电动线性致动器关键技术研究仍处于研发和测试阶段，目前尚未对市场进行批量 供货，暂未形成收入，不会对公司业绩产生影响。另外，公司与浙江灵巧智能科 技有限公司共同出资设立合资公司，总投资 430 万元。该公司主要从事关节模组 及驱动器等核心零部件的研发生产制造销售等相关业务。该公司目前处于设立初 期，暂不会对公司业绩产生影响，后续可能面临宏观经济、行业政策变化、市场 竞争、技术迭代等不可预测因素或不可抗力的影响，未来经营情况存在一定的不 确定性。敬请广大投资者理性投资，注意风险。 截至本公告披露日，公司基本面未发生重大变化。鉴于公司股票交易价 格近期波动较大，公司郑重提醒广大投资者注意二级市场交易风险，理性决策， 审慎投资。 一、二级市场交易风险 公司股票于 2025 年 3 月 3 日、3 月 4 日、3 月 5 日连续三个交易日内日收盘 价格涨幅偏离值累计超过 20%， ...

证券代码：603583 证券简称：捷昌驱动 公告编号：2025-003 浙江捷昌线性驱动科技股份有限公司 股票交易异常波动公告 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： 浙江捷昌线性驱动科技股份有限公司（以下简称"公司"）股票于 2025 年 3 月 3 日、3 月 4 日、3 月 5 日连续三个交易日内日收盘价格涨幅偏离值累计超 过 20%。根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动 的情形。 经公司自查并向公司控股股东及实际控制人核实，截至本公告披露日， 确认不存在应披露而未披露的重大事项。 鉴于公司股票交易价格近期波动较大，敬请广大投资者注意二级市场交 易风险，理性决策，审慎投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 3 月 3 日、3 月 4 日、3 月 5 日连续三个交易日内日收盘 价格涨幅偏离值累计超过 20%。根据《上海证券交易所交易规则》的有关规定， 属于股票交易异常波动的情形。 二、公司关注并核实的相关情况 （一）生产经营情况 公司关注到近期市场 ...

1、截至目前，本人不存在对贵公司股票交易价格可能产生重大 影响的应披露而未披露的重大信息,未筹划涉及贵公司的重大资产重 组、股份发行、重大交易类事项、业务重组、股份回购、股权激励、 破产重整、重大业务合作、引进战略投资者等重大事项。 2、本人在股票交易价格异常波动期间不存在买卖贵公司股票的 情形。 特此函复。 控股股东及实际控制人: 名之《二名 关于浙江捷昌线性驱动科技股份有限公司 股价异动询证函的回函 浙江捷昌线性驱动科技股份有限公司: 贵公司《浙江捷昌线性驱动科技股份有限公司股票交易异常波动 询证函》已收悉,作为贵公司控股股东及实际控制人,经核查,现将 有关问题回复如下: >0>5年 4月5日 ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Insights - The company, Jiechang Drive, is a leader in linear drives in China, with a stable main business and a new growth curve opened by humanoid robots [1][2] - The linear drive business is in a market worth billions, with global expansion and product diversification contributing to steady growth [2][3] - The humanoid robot segment is projected to reach a market size of approximately 56.8 billion yuan by 2030, with a CAGR of 35% from 2023 to 2030 [3] Summary by Relevant Sections Traditional Main Business - Jiechang Drive is the leading domestic player in linear drives, serving sectors such as office, medical, home, and industrial applications. From 2019 to 2023, the revenue CAGR was 21%, while the net profit CAGR was -7%, with a geometric ROE of 9% [1] Second Growth Curve - The company has established a humanoid research team and formed a joint venture, Zhejiang Lingjie Robot, holding 43% of the shares, focusing on key components like dexterous hands and joint modules, thus opening new growth opportunities [1][3] Linear Drive Business - The global market for linear drive products in smart offices reached 3.55 billion USD in 2022, with a CAGR of 7% from 2019 to 2022. The company benefits from trends such as the return to offline work and an emphasis on healthy office environments [2] Humanoid Robot Market - The strategic partnership with Lingqiao Intelligent aims to develop core components for humanoid robots, with the first product, DexHand, featuring 19 degrees of freedom and 23 sensors, entering mass production [3][12] - The humanoid robot market is expected to grow significantly, with a potential market size of 100 billion yuan if demand continues to rise [3] Financial Forecast and Valuation - The forecasted net profit for 2024-2026 is 339 million, 508 million, and 637 million yuan, respectively, with corresponding PE ratios of 49, 32, and 26 [4][5]

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next 12 months [13]. Core Insights - The company is a leading player in the linear drive industry and is expanding into humanoid robotics, which is expected to drive its second growth phase [4][11]. - The linear drive market is experiencing steady growth, with the global market size reaching approximately 151.9 billion yuan in 2023, reflecting a year-on-year increase of 5.9% [7]. - The company has a strong global presence, with production bases in the US, Malaysia, Czech Republic, and Hungary, enhancing its ability to meet international demand [10]. Summary by Sections Company Overview - The company has been deeply involved in the linear drive sector for over 20 years and holds the largest market share in the office furniture segment globally [4]. - It has established subsidiaries and production bases across Asia-Pacific, Europe, and America, contributing to its global market leadership [4][10]. Financial Performance - Revenue from 2020 to 2023 was 1.87 billion, 2.64 billion, 3.01 billion, and 3.03 billion yuan, respectively, with a compound annual growth rate (CAGR) of 17.5% [5]. - The gross profit margin has remained relatively high, with figures of 39.3%, 27.0%, 26.9%, and 29.2% for the same period [5]. - The net profit attributable to the parent company for 2020-2023 was 410 million, 270 million, 330 million, and 210 million yuan, showing fluctuations due to various factors including tariffs and operational costs [5]. Market Opportunities - The linear drive market is expanding into various applications, including smart office systems, medical care, smart home control, industrial automation, and automotive intelligence [6][8][9]. - The smart office segment, particularly height-adjustable desks, is projected to grow significantly, with a market size of approximately 24 billion yuan in China by 2024, reflecting a CAGR of 22.4% from 2021 to 2024 [7]. - The medical care sector is also expected to see growth, with the linear drive market in medical devices projected to reach about 235 billion yuan globally by 2024 [8]. Strategic Initiatives - The company has recently entered the humanoid robotics sector by co-founding a robotics company focused on developing key components such as joint modules and dexterous hands [11][12]. - This strategic move is anticipated to leverage the company's existing expertise in linear drives, positioning it as a leader in the robotics market [12]. Profit Forecast - Revenue projections for 2024, 2025, and 2026 are 3.67 billion, 4.42 billion, and 5.36 billion yuan, respectively, with corresponding earnings per share (EPS) of 1.1, 1.4, and 1.7 yuan [13][15].

证券代码：603583 证券简称：捷昌驱动 公告编号：2025-002 浙江捷昌线性驱动科技股份有限公司 股票交易异常波动公告 鉴于公司股票交易价格近期波动较大，敬请广大投资者注意二级市场交 易风险，理性决策，审慎投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 2 月 17 日、2 月 18 日、2 月 19 日连续三个交易日内日 收盘价格涨幅偏离值累计超过 20%。根据《上海证券交易所交易规则》的有关规 定，属于股票交易异常波动的情形。 二、公司关注并核实的相关情况 （一）生产经营情况 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： 浙江捷昌线性驱动科技股份有限公司（以下简称"公司"）股票于 2025 年 2 月 17 日、2 月 18 日、2 月 19 日连续三个交易日内日收盘价格涨幅偏离值累计 超过 20%。根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波 动的情形。 经公司自查并向公司控股股东及实际控制人核实，截至本公告披露日， 确认不存在应披露而未披露的重大事项。 经自查 ...

控股股东及实际控制人: 8人 <=>0 >0万年 2月19日 关于浙江捷昌线性驱动科技股份有限公司 股价异动询证函的回函 2、本人在股票交易价格异常波动期间不存在买卖贵公司股票的 情形。 特此函复。 浙江捷昌线性驱动科技股份有限公司: 贵公司《浙江捷昌线性驱动科技股份有限公司股票交易异常波 动询证函》已收悉，作为贵公司控股股东及实际控制人，经核查， 现将有关问题回复如下: 1、截至目前,本人不存在对贵公司股票交易价格可能产生重大 影响的应披露而未披露的重大信息，未筹划涉及贵公司的重大资产 重组、股份发行、重大交易类事项、业务重组、股份回购、股权激 励、破产重整、重大业务合作、引进战略投资者等重大事项。 ...

Summary of Key Points from the Conference Call Company Overview - The company discussed is **Jiechang Drive**, which is entering the robotics sector and has established a dedicated robotics division in 2024 to focus on actuator research and development [3][4]. Industry and Market Position - Jiechang Drive has begun its foray into the robotics field by undertaking a project in Zhejiang Province, focusing on linear actuators, benchmarking against Tesla's products [3]. - The company aims to expand its market share and product competitiveness, with a projected revenue of **4 billion RMB** in 2025, representing a **15% year-on-year growth** [3][14]. Key Developments and Strategies - The company has conducted over **100,000 experiments** on its self-manufactured actuators, addressing challenges in the processing of ball screws [3][4]. - A joint venture with **Lingqiao Intelligent** has been established, where Jiechang holds a **40% stake** and has veto power, focusing on the commercialization of intelligent marketing products [7]. - The company plans to enhance its production capabilities for key components like motors and reducers, with significant investments in facilities for precision machining and injection molding [8][9]. Product and Technology Innovations - Jiechang Drive is developing **hollow cup motors**, with production lines expected to be operational by the end of 2025 [11]. - The first generation of **dexterous hands** has been launched, featuring **19 degrees of freedom** and targeting humanoid and collaborative robots [10]. Financial Performance and Projections - The company reported a record high revenue in Q4 2024, with growth driven by sectors such as home automation, industrial applications, and automotive [14]. - The automotive sector is expected to see significant growth, with multiple projects set to commence production in 2025, including contracts with **Seres** and **BMW** [20]. Market Expansion and Customer Acquisition - Jiechang Drive has successfully engaged with major clients like **Kingsoft Office** and **IKEA**, with expectations of substantial revenue increases from these partnerships [15]. - The company is also focusing on the healthcare sector, particularly in rehabilitation products, with a consistent annual growth rate of around **10%** [16]. Global Operations and Supply Chain - The company has established production bases in the **U.S., Malaysia, and Hungary**, ensuring a robust supply chain to meet a projected demand of **5 billion RMB** [21][24]. - The impact of U.S. tariffs has been mitigated through strategic overseas production, with a significant portion of revenue generated from local manufacturing [24]. Competitive Landscape - Jiechang Drive is positioned to surpass competitors like **Dileba** in the long term, particularly in the automotive sector where Dileba lacks a strong presence [23]. - The company is confident in its competitive edge due to its comprehensive product range and ongoing innovations [23]. Future Outlook - The company aims to achieve a revenue target of **5 billion RMB** by 2027, leveraging both traditional and new business opportunities [27]. - The overall growth expectations for 2025 include the addition of **10-11 new stores**, with a stable profit outlook due to high gross margins and decreasing tariff impacts [29].