Group 1 - Humanoid robots are emerging as a highly promising frontier in technology, attracting attention from global tech giants and investors [1] - The 2026 CES will showcase a significant number of humanoid robots, with companies like Boston Dynamics and others presenting their latest advancements [2] - The CEO of Creative Strategies highlighted that the CES will feature a surge in humanoid robots, particularly from China, indicating a robust ecosystem [2] Group 2 - Hyundai Motor Group announced that Boston Dynamics will showcase a mass-produced version of the Atlas humanoid robot at CES 2026, aiming to integrate it into their global network for practical tasks [3] - The humanoid robot industry is entering a mass production phase, with several companies expected to achieve production milestones by 2025 and 2026 [4] - Tesla is projected to produce between 50,000 to 100,000 humanoid robots by 2026, marking the industry’s transition into a phase of mass production and commercial exploration [4] Group 3 - A significant number of A-share market stocks are positioned within the humanoid robot industry, with 31 stocks expected to see net profit growth exceeding 20% in 2026 and 2027 [5] - Stocks such as Zhimi Intelligent and Softcom Power are identified as having substantial upside potential, with predicted price increases exceeding 30% [5] - Zhimi Intelligent leads with a projected upside of 46.17%, focusing on embodied intelligence and various robotic applications [5][6] Group 4 - The rolling P/E ratio for Huqin Technology is noted to be the lowest at 24.3 times, with expectations of continued revenue growth in AI and server sectors [6] - The report indicates that the humanoid robot market is expected to reach a size of $5 trillion by 2050, with a deployment of 1 billion units, suggesting a significant market opportunity [4]

1月5日，捷昌驱动跌0.03%，成交额2.88亿元。两融数据显示，当日捷昌驱动获融资买入额5014.44万 元，融资偿还5350.62万元，融资净买入-336.18万元。截至1月5日，捷昌驱动融资融券余额合计5.39亿 元。 融资方面，捷昌驱动当日融资买入5014.44万元。当前融资余额5.37亿元，占流通市值的3.69%，融资余 额超过近一年70%分位水平，处于较高位。 截至9月30日，捷昌驱动股东户数5.01万，较上期增加19.50%；人均流通股7634股，较上期减少 16.32%。2025年1月-9月，捷昌驱动实现营业收入30.35亿元，同比增长18.19%；归母净利润3.80亿元， 同比增长29.63%。 分红方面，捷昌驱动A股上市后累计派现6.85亿元。近三年，累计派现2.80亿元。 机构持仓方面，截止2025年9月30日，捷昌驱动十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股516.29万股，相比上期减少315.68万股。鹏华碳中和主题混合A（016530）退出十大流通 股东之列。 责任编辑：小浪快报 融券方面，捷昌驱动1月5日融券偿还0.00股，融券卖出0.00股，按当日收盘价计 ...

重要内容提示： 证券代码：603583 证券简称：捷昌驱动 公告编号：2026-001 浙江捷昌线性驱动科技股份有限公司 关于归还临时补充流动资金的募集资金的公告 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。 补流期限 2025-04-24至2026-04-23 二、归还募集资金的相关情况 截至本公告披露日，公司已将上述用于临时补充流动资金的2,483.43万元人 民币全部归还于募集资金专用账户，并将上述募集资金的归还情况通知了保荐机 构及保荐代表人。 | 本次归还募集资金金额（万元） | 2,483.43 | | | --- | --- | --- | | 尚未归还的募集资金金额（万元） | 0 | | | 是否已归还完毕 | 是 | □否 | | 归还完毕的具体时间（如已归还完毕） | 2026年1月5日 | | 特此公告。 截至 2026 年 1 月 5 日，浙江捷昌线性驱动科技股份有限公司（以下 简称"公司"）已累计归还临时补充流动资金的闲置募集资金人民币 2,483.43 万元。 一、募集资金临时补充流动资金情况 ...

证券代码：603583 证券简称：捷昌驱动 公告编号：2025-059 浙江捷昌线性驱动科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，浙江捷昌线性驱动科技股份有限公司（以下简称"公 司"）股东新昌县众盛投资有限公司（以下简称"众盛投资"）持有公司股份 24,529,000 股，占公司总股本的 6.42%，众盛投资系公司控股股东、实际控制人 之一致行动人；公司董事、副总经理吴迪增先生持有公司股份 8,021,200 股，占 公司总股本的 2.10%，上述股份均来源于公司首次公开发行前持有的股份及上市 后以资本公积转增股本方式取得的股份，均为无限售流通股。 减持计划的实施结果情况 公司于 2025 年 9 月 9 日披露了《浙江捷昌线性驱动科技股份有限公司股东 减持股份计划公告》（公告编号：2025-051），众盛投资计划通过大宗交易方式减 持公司股份不超过 6,132,250 股，占公司总股本的 1.60%；吴迪增先生计划 ...

（文章来源：证券日报） 证券日报网讯 12月19日，捷昌驱动在互动平台回答投资者提问时表示，公司第三季度扣非净利润环比 下降主要系关税、汇兑损益等因素的综合影响。 ...

Core Viewpoint - The company has established a robotics product team to develop a series of joint module products based on its existing precision motor drive control technology, preparing for mass production while maintaining communication with downstream intelligent enterprises [1] Group 1 - The company is focusing on the development of joint module products [1] - The robotics product team is built on the foundation of existing precision motor drive control technology [1] - The company is preparing for mass production and engaging with downstream intelligent enterprises [1] Group 2 - The industry may face uncertainties such as technological iterations and intensified market competition [1] - Investors are advised to rationally consider industry development patterns and pay attention to the company's public information [1]

Core Viewpoint - The company is steadily advancing its business in the robotics core components sector, focusing on technology development, product validation, and market adaptation, while optimizing its progress plan based on various industry factors [2] Group 1: Business Progress - The company is following a set pace for technology research and development, product testing, and market adaptation [2] - The transition from sample testing to large-scale production is influenced by multiple factors, including technological maturity, downstream market demand, and supply chain readiness [2] - The company will dynamically optimize its advancement plan based on the progress of each stage and will disclose relevant information in accordance with regulatory requirements [2] Group 2: Competitive Advantage - The company's competitive edge in the robotics core components field stems from its long-term accumulation in precision manufacturing and mechatronics technology [2] - A deep understanding of industry application scenarios has enabled the company to develop products with strong stability, adaptability of technical solutions, and capabilities for large-scale production [2] - The company aims to continuously focus on core technological innovation and product iteration to strengthen its market position in key component areas, aligning better with the development needs of the robotics industry [2]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司第三季度扣非后净利环比下降的原因是什么？目 前灵巧手业务进展如何，有没有开始批量供货，灵巧手配件在具身机器人中成本占比大概多少？ 捷昌驱动（603583.SH）12月19日在投资者互动平台表示，公司第三季度扣非净利润环比下降主要系关 税、汇兑损益等因素的综合影响。公司目前机器人相关零部件产品研发顺利，主要产品包括空心杯电机 总成、旋转模组、线性执行器等，并与下游具身机器人客户开展合作，但相关产品暂未形成规模销售。 另外，公司与浙江灵巧智能科技有限公司共同出资设立的浙江灵捷机器人零部件有限公司主要从事机器 人灵巧手、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，目前其发布的Dexhand系 列灵巧手产品已经开始销售。灵巧手配件在具身机器人中的成本占比，受产品技术方案、应用场景、客 户定制化需求等多种因素影响，行业内暂无统一标准。 ...

Investment Rating - The industry is rated as "Positive" for the next 12 months, indicating an expected increase of over 10% relative to the CSI 300 index [35] Core Views - The demand for engineering machinery is expected to continue growing due to favorable domestic construction activity and the implementation of significant investment projects as outlined in the "14th Five-Year Plan" [2][27] - In November, the production of industrial robots reached approximately 70,200 units, marking a year-on-year increase of 20.60%, with expectations for total production to exceed 700,000 units in 2025 [2][27] - The report maintains "Buy" ratings for specific companies including Zoomlion (000157), Hengli Hydraulic (601100), Jiechang Drive (603583), and Haomai Technology (002595) [2][27] Industry News - In November, sales of various types of forklifts reached 119,749 units, a year-on-year increase of 14.1% [10] - The domestic sales of forklifts for the first 11 months of 2025 totaled 843,005 units, reflecting a growth of 14.3% [10] - Beijing Zhuoyue Intelligent Technology Co., Ltd. successfully completed a strategic financing round of 200 million yuan [11] - Hitachi Construction Machinery will change its name to LANDCROS, pending shareholder approval [11] Industry Data - As of December 12, 2025, the comprehensive steel price index (CSPI) was recorded at 91.76 [12] - WTI and Brent crude oil prices were reported at $56.82 and $60.56 per barrel, respectively, as of December 16, 2025 [13] Company Announcements - Suzhou Sileck Precision Equipment Co., Ltd. announced a partnership with investment institutions to enhance project reserves and overall competitiveness [17] - Wuxi Chemical Equipment Co., Ltd. plans to establish a wholly-owned subsidiary in South Korea with an investment of up to $100,000 [18] Market Review - From December 10 to December 16, 2025, the CSI 300 index fell by 2.19%, while the machinery equipment sector declined by 2.95%, underperforming the CSI 300 by 0.76 percentage points [19] - The price-to-earnings ratio (PE, TTM) for the machinery equipment sector was 43.94 times, with a valuation premium of 218.89% relative to the CSI 300 [20]

Key Points Summary Industry Overview - The mechanical equipment industry is expected to see continued investment opportunities, particularly in the engineering machinery and robotics sectors, driven by domestic demand and infrastructure projects [1][6]. - The industry has experienced a recovery in demand, with excavator and loader sales maintaining growth, supported by favorable domestic construction activity and government policies aimed at expanding effective investment [6][39]. Engineering Machinery - In October 2025, excavator sales reached 18,096 units, a year-on-year increase of 7.77%, with domestic sales at 8,468 units (up 2.44%) and exports at 9,628 units (up 12.90%) [28]. - The sales of various types of loaders increased by 27.70% year-on-year, totaling 10,673 units, with domestic sales growing by 33.23% [33]. - The industry is benefiting from a clear growth logic in downstream demand, with major projects expected to drive further recovery [6][39]. Robotics - In October 2025, China's industrial robot production increased by 17.90% year-on-year, reaching 57,900 units, with cumulative production for the first ten months at approximately 602,700 units, up 28.80% [43]. - The market for industrial robots in China remains the largest globally, with significant room for growth in per capita ownership density [6][43]. Market Performance - From November 2 to December 2, 2025, the Shanghai and Shenzhen 300 Index fell by 1.86%, while the Shenwan Machinery Equipment Index declined by 3.67%, underperforming the broader market by 1.81 percentage points [5][60]. - As of December 2, 2025, the Shenwan Machinery Equipment Index had a price-to-earnings ratio (PE, TTM) of 43.59, representing a valuation premium of 210.68% over the Shanghai and Shenzhen 300 Index [67]. Company Recommendations - The report maintains a "positive" rating for the industry and recommends "buy" ratings for specific companies, including Zoomlion Heavy Industry (000157), Hengli Hydraulic (601100), Jiechang Drive (603583), and Haomai Technology (002595) [7].