Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company is a leading force sensor enterprise with a wide range of downstream applications, achieving a revenue growth from 740 million to 1.072 billion yuan from 2019 to 2023, with a CAGR of 10% [2] - The company is accelerating its platform-based development in the sensor ecosystem, establishing a closed-loop system across six major investment areas [3] - The demand for force sensors is expected to grow significantly alongside the mass production of humanoid robots, with the company positioned to benefit from this trend [4] - The company's profitability is projected to increase, with net profits expected to reach 284 million, 318 million, and 373 million yuan from 2024 to 2026, respectively [4] Summary by Sections Company Overview - The company is recognized as the domestic leader in force sensors, maintaining the highest market share in the weighing sensor sector for 14 consecutive years [15] - The company has a concentrated shareholding structure, with the controlling shareholder holding 52.92% of the shares, and has established 29 subsidiaries covering various business areas [22] Financial Performance - The company has shown steady revenue growth, with a revenue of 919 million yuan in Q1-Q3 2024, a 14% year-on-year increase [24] - The gross profit margin has remained stable at around 40%, with a net profit margin increasing from 24.75% to 31.27% from 2019 to 2023 [2][28] Market Position and Technology - The global sensor market is valued at over 1 trillion yuan, with the strain sensor being a major category [32] - The company leads the domestic market in strain sensors, with all core technologies developed in-house [48][50] - The company is focusing on the development of six-dimensional force sensors, which are crucial for the precision control required in humanoid robots [52] Future Outlook - The company is well-positioned to benefit from the growing demand for high-precision sensors in various industries, including industrial automation, automotive testing, and medical applications [56] - The company has completed product series development for humanoid robot applications and is actively collaborating with various enterprises and institutions for further advancements [57]

证券代码：603662 证券简称：柯力传感 公告编号：2025-001 董事、高级管理人员持股的基本情况 截至本公告披露日，宁波柯力传感科技股份有限公司（以下简称"公司"）高 级管理人员（副总经理）林德法先生持有公司股份 837,263 股，占公司总股本的 比例为 0.2973%。上述股份来源于公司首次公开发行前取得的股份及资本公积转 增的股份，且于 2020 年 8 月 6 日解除限售并上市流通。 截至本公告披露日，公司董事、高级管理人员（副总经理）王祝青先生持有 公司股份 30,648 股，占公司总股本的比例为 0.0109%。上述股份来源于二级市场 集中竞价交易取得。 集中竞价减持计划的主要内容 林德法先生拟通过集中竞价交易方式减持其持有的公司股份不超过 209,000 股（即不超过公司股份总数的 0.0743%），亦不超过其所持公司股份总数的 25%。 王祝青先生拟通过集中竞价交易方式减持其持有的公司股份不超过 7,600 股（即 不超过公司股份总数的 0.0027%），亦不超过其所持公司股份总数的 25%。减持 期间均为自本公告披露之日起 15 个交易日后的 3 个月内（窗口期等不得减持股 份期间不 ...

法定代表人：柯建东 证券代码：603662 证券简称：柯力传感 公告编号：2024-044 宁波柯力传感科技股份有限公司 关于完成工商变更并换发营业执照的公告 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。 宁波柯力传感科技股份有限公司（以下简称"公司"）于2024年8月28日召开 第五届董事会第六次会议、2024年9月20日召开2024年第一次临时股东大会审议 通过了《关于变更注册资本、修订公司章程及部分治理制度的议案》。具体内容 详见公司于2024年8月30日在上海证券交易所及指定媒体披露的《柯力传感关于 变更注册资本、修订公司章程及部分治理制度的公告》（公告编号：2024-032）。 近日，公司已完成了工商变更登记及《公司章程》备案手续，并取得了宁波 市市场监督管理局换发的《营业执照》。公司具体登记信息如下： 统一社会信用代码：91330200744973016M 名称：宁波柯力传感科技股份有限公司 类型：股份有限公司（上市、自然人投资或控股） 注册资本：贰亿捌仟壹佰陆拾伍万玖仟肆佰贰拾陆元 成立日期：2002年12月3 ...

Key Points Company and Industry Overview 1. **Company Overview**: Keli Sensing is a leading domestic force sensor company with a market share of 1st place. It has a high, medium, and low-end brand combination, achieving differentiated competition. The company's revenue and profit have steadily grown, with a compound annual growth rate (CAGR) of 6.55% in revenue and 15% in net profit from 2014 to 2023. The gross margin and net profit margin have continued to improve. Keli Sensing is actively diversifying its business, transforming from a single-force sensor to a multi-physical quantity sensor, and providing industrial internet solutions to enhance profitability. The company has a global layout, with overseas sales accounting for 30% and has completed quality system certifications in various countries, continuously expanding the international market. Keli Sensing is actively researching and developing new products such as six-axis force sensors and has sent samples for testing with customers such as Huawei, exploring new growth points. The company has expanded its business through mergers and acquisitions, but needs to pay attention to the performance guarantee and goodwill risk of subsidiaries. Keli Sensing has a wide layout of the Internet of Things ecosystem, establishing ten IoT business units to provide a comprehensive solution and enhance customer stickiness [2]. 2. **Industry Overview**: The company's main business is force sensors and related instruments, accounting for more than 60% of total revenue; followed by industrial internet and system integration, accounting for 30%; and other physical quantity sensors and miscellaneous businesses accounting for about 10% [3]. The company has maintained the first market share in the domestic force sensor market since 2001 and has continuously launched multi-physical quantity sensors such as tensile and tilt, weight and tilt, etc. In addition, the company has also invested in and participated in the fields of light curtain sensors, pressure sensors, Zhongshan food automation production lines, and coal mine Internet of Things through mergers and acquisitions to achieve transformation [3]. 3. **Market Size and Growth**: The market size of the industry is large, with a compound annual growth rate of about 10%, and the total market size is about 50 billion yuan. There are many types of sensors, including force sensors, temperature sensors, acoustic sensors, optical sensors, inertial sensors, and position sensors, with wide downstream application fields. With the development of cutting-edge technologies such as artificial intelligence, the Internet of Things, and 5G, the market size remains stable and continues to grow [9]. Core Views and Arguments 1. **Market Position and Core Competitiveness**: Keli Sensing maintains the first market share in the domestic force sensor market and has high-end, medium-end, and high-cost performance brands to open up the market and achieve differentiated competition. The company has a sound overseas sales network, including Asia, Europe, America, Oceania, and Africa, and has completed quality system certifications in various countries, which helps to open up the overseas market. Currently, overseas sales account for 30%. In addition, the company actively transforms through mergers and acquisitions, from a single physical quantity to a multi-physical quantity layout, providing industrial internet solutions, improving customer stickiness, and enhancing profitability [4]. 2. **Future Growth Points**: The main growth points come from the following aspects: first, the continuous launch of new multi-physical quantity products such as six-axis force sensors, and the testing of samples with customers such as Huawei; second, expanding the business scope through mergers and acquisitions to increase the contribution of subsidiaries' performance; and third, increasing the proportion of overseas sales to further expand in the global market. In addition, the company's traditional business such as force sensors will still maintain stable growth, providing support for overall performance [5]. 3. **Response to Macroeconomic Environment Changes**: As a general product, the demand for force sensors is greatly affected by macroeconomic fluctuations. For example, in 2023, due to economic downturn, the shipment volume decreased by 15%, and related instruments decreased by 31%. To respond to this situation, the company actively expands diversified businesses, expands new fields through mergers and acquisitions, and increases the proportion of overseas sales to diversify risks. In addition, the company relies on its many years of accumulated market network and brand advantages, as well as high gross margin and net profit margin levels, to maintain strong profitability in the face of short-term economic fluctuations [6]. Other Important Content 1. **Recent Important Measures or Plans**: The company has actively transformed through mergers and acquisitions, from a single physical quantity to a multi-physical quantity layout, including the development of new products such as six-axis force sensors. At the same time, it has conducted sample testing with customers such as Huawei to open up new growth space. In addition, the company continuously improves its global sales network and increases the proportion of overseas income. Currently, it has completed quality system certifications in various countries, which helps to further open up the international market. These measures will help the company enhance its overall competitiveness and achieve long-term stable growth [7]. 2. **Development Trends and Potential Risks of Subsidiaries**: With the advancement of strategic layout, the number of subsidiaries may increase, but there are also certain risks. Many companies will involve performance guarantee in the process of acquisition or participation, and some companies may not be able to complete the expected performance. In addition, goodwill may also be relatively high. However, at present, most subsidiaries have completed the performance guarantee, indicating that the company has strong strategic investment vision and external investment capabilities. This strong strategic investment capability can ensure the growth of the company and make business expansion and transformation more smooth [8]. 3. **Application of Flow and Pressure Sensors**: Flow sensors and pressure sensors have a high proportion in downstream applications. Flow sensors account for about 21% of downstream applications, while pressure sensors account for 15%. With a total market size of 500 billion yuan, the market space for industrial pressure and force sensors is at least 70-80 billion yuan. Therefore, the company's industry track has the space to support rapid growth. Currently, the company's revenue is about 1 billion yuan, and its market share is the first in the country, but there is still room for improvement [10]. 4. **Advantages and Development Potential of Keli Sensing in the Sensor Field**: Keli Sensing has significant competitive advantages in the sensor field. First, the company has strong financial strength, as a listed company, its cash flow and revenue performance are excellent, which provides strong guarantees for its scaled production. Compared with many first-tier companies, due to difficulties in financing, production capacity expansion is limited, while Keli Sensing can continuously support the improvement of research and development and production capabilities. Second, the company actively lays out multi-physical quantity sensors, transforming from a single-force sensor company to a platform-type company, continuously enhancing product categories. This not only helps to expand industrial Internet and other businesses but also provides integrated solutions for downstream customers to improve customer stickiness. In addition, the company has established multiple industrial parks, such as Ningbo, Shenzhen, and Zhengzhou, and has centralized the subsidiaries acquired through mergers and acquisitions in industrial parks to strengthen internal collaboration. At the same time, it is convenient for customers to enter, further understand customer needs, and provide customized solutions. This three-dimensional strategic layout helps to increase customer stickiness and improve solution capabilities. Finally, the company has laid out 6 "1" sensors in the field of humanoid robots, which will greatly expand the company's future development space. According to the forecast, the company's net profit in 2024, 2025, and 2026 will be 300 million yuan, 360 million yuan, and 450 million yuan respectively. Currently, the valuation level is high, but if there is a correction, it will be an opportunity for investors to intervene. With the development of related events in the field of humanoid robots, it is expected to further promote the growth of the company [22]. 5. **Specific Layout of Keli Sensing in the Internet of Things Ecosystem**: Keli Sensing has made a wide layout in the Internet of Things ecosystem. The company has established ten IoT business units, entering multiple fields through investment and mergers and acquisitions, including non-stop detection, lithium battery crane unmanned operation, logistics warehousing, and industrial robots. These layouts enable the company to provide comprehensive one-stop solutions for customers and enhance customer stickiness. In addition, the company has strengthened internal collaboration and external cooperation through the construction of industrial parks. Industrial parks have been established in Ningbo, Shenzhen, Zhengzhou, and other places, and the subsidiaries acquired through mergers and acquisitions are centralized for management. At the same time, customers are attracted to enter, which not only improves internal efficiency but also shortens the distance with customers, enabling the company to better understand and meet customer needs, and provide more customized, efficient solutions. This vertical integration and horizontal expansion development strategy enables Keli Sensing to continuously promote the construction of its Internet of Things ecosystem, laying a solid foundation for future development [23].

证券代码：603662 证券简称：柯力传感 公告编号：2024-043 宁波柯力传感科技股份有限公司 关于与专业投资机构共同投资的进展公告 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。 一、与专业投资机构共同投资概述 宁波柯力传感科技股份有限公司（以下简称"公司"） 2024年9月6日签订 了《宁波传感谷创业投资基金合伙企业（有限合伙）合伙协议》，与专业投资 机构深圳市时代伯乐创业投资管理有限公司共同投资设立宁波传感谷创业投资 基金合伙企业（有限合伙）（以下简称"基金"、"传感谷基金"、"合伙企 业"），合伙企业认缴出资总额7,000万元，公司作为有限合伙人以自有资金认 缴出资额5,500万元，出资占比78.57%。具体内容详见公司于2024年9月7日在上 海证券交易所网站（www.sse.com.cn）披露的《柯力传感关于与专业投资机构 共同投资设立产业基金的公告》（公告编号：2024-035）。 二、与专业投资机构共同投资的进展情况 （一）基金第一期资金募集情况 截至本公告披露日，各合伙人根据合伙协议的约定完成第一期出资 ...

Group 1 - The core point of the news is that Zhejiang Boyuan Electronic Technology Co., Ltd. has undergone a business change, with Keli Sensor becoming a new shareholder holding 67% of the shares [1] Group 2 - Zhejiang Boyuan Electronic Technology Co., Ltd. was established in 2016, and its legal representative is Shi Qinglei [2] - The company's main business involves providing structural health monitoring system solutions, covering areas such as bridges, dams, tunnels, highway slopes, transmission towers, high-rise structures, and blasting vibrations [2]

柯力传感股价再创历史新高，该股近期呈不断突破新高之势，近一个月累计有14个交易日股价刷新历史 纪录。截至10:00，该股目前上涨4.14%，股价报88.20元，成交2446.75万股，成交金额20.71亿元，换手 率8.71%，该股最新A股总市值达248.42亿元，该股A股流通市值247.69亿元。 证券时报•数据宝统计显示，柯力传感所属的机械设备行业，目前整体跌幅为0.53%，行业内，目前股价 上涨的有162只，涨停的有腾亚精工、金财互联等3只。股价下跌的有404只，跌幅居前的有ST智云、泰 尔股份、卓然股份等，跌幅分别为20.02%、9.96%、9.29%。 两融数据显示，该股最新（12月11日）两融余额为9.54亿元，其中，融资余额为9.54亿元，近10日增加 3.86亿元，环比增长68.10%。 公司发布的三季报数据显示，前三季度公司共实现营业收入9.19亿元，同比增长14.03%，实现净利润 1.91亿元，同比下降10.74%，基本每股收益为0.6800元，加权平均净资产收益率7.42%。（数据宝） ...

宁波柯力传感科技股份有限公司: 本人已于 2024年 | 2月 17日收到公司发来的《关于宁波柯力传感科技股份 有限公司股票交易异常波动问询函》,经本人及一致行动人认真自查,现回复如 下:本人作为宁波柯力传感科技股份有限公司的控股股东及实际控制人,截至目 前,本人及一致行动人不存在影响公司股票交易异常波动的重大事项,不存在其 他应披露而未披露的重大信息,包括但不限于并购重组、股份发行、债务重组、 业务重组、资产剥离和资产注入等重大事项。 本人及一致行动人在公司股票交易异常波动期间未买卖公司股票。 特此回复。 控股股东及实际控制人 关于宁波柯力传感科技股份有限公司 股票交易异常波动问询函的回复 2024年 12月 10 日 ...

证券代码：603662 证券简称：柯力传感 公告编号：2024-042 宁波柯力传感科技股份有限公司（以下简称"公司"或"柯力传感"） 股票于2024年12月10日、12月9日连续2个交易日内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情 形。鉴于公司股票价格短期涨幅较大，可能存在非理性炒作风险，公司提醒广大 投资者注意二级市场交易风险，理性决策，审慎投资。 经公司自查并向控股股东、实际控制人书面发函查证，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或重大信息。 截至2024年12月10日，公司最新的TTM市盈率为77.93倍，处于历史最高 水平。公司连续3个交易日内的累计换手率为25.79%，与以往相比，股票交易量 大幅增长。敬请广大投资者注意投资风险。 公司目前生产经营活动正常，基本面未发生重大变化，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2024年12月10日、12月9日连续2个交易日内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 ...

Company Performance - Keyuan Sensing's stock price hit a new historical high, with the stock breaking new highs for 12 trading days in the past month [1] - The stock is currently up 10 00%, trading at 80 10 yuan, with a trading volume of 2256 12 million shares and a turnover of 1 751 billion yuan [1] - The stock's latest A-share total market capitalization reached 22 561 billion yuan, with a circulating market capitalization of 22 494 billion yuan [1] - The latest margin trading and securities lending data shows the stock's balance was 899 million yuan as of December 9, with a financing balance of 899 million yuan, an increase of 310 million yuan in the past 10 days, up 52 66% month-on-month [1] Industry Performance - The machinery and equipment industry, to which Keyuan Sensing belongs, has an overall increase of 2 45% [1] - Within the industry, 551 stocks are currently rising, with 10 stocks including Huachangda and Huizhou Intelligence hitting the daily limit up [1] - 24 stocks are currently falling, with ST Tianrui, Leo Group, and Daye Group leading the declines at 13 19%, 8 40%, and 6 98% respectively [1]