证券日报网讯 1月28日，柯力传感在互动平台回答投资者提问时表示，公司作为有限合伙人参与设立的 产业基金持有深圳市德壹医疗科技有限公司股权，目前双方正围绕六维力传感器等领域协同开展研发合 作，公司目前是德壹机器人最重要的六维力传感器供应商。公司将持续关注行业前沿动态，积极探索高 端手术机器人等相关产业协同机会，推动技术积累与业务发展。后续如涉及应披露的合作进展或重要事 项，公司将严格按照相关法律法规及监管要求及时履行信息披露义务。 （编辑 王雪儿） ...

证券日报网讯1月28日，柯力传感（603662）在互动平台回答投资者提问时表示，公司目前已向国内多 家人形机器人领域客户提供样品并配合测试，其中部分客户已取得批量订单，另有部分客户尚处于产品 验证阶段。公司持续关注下游市场动态与客户需求，并已具备相应的生产准备与快速响应能力，产能方 面不断提高，以此把握未来可能的市场机遇。公司在机器人传感器领域的业务拓展深入推进，但在营收 中的占比尚小，敬请广大投资者注意相关投资风险。公司将继续严格遵守信息披露相关规定，如有达到 披露标准的业务进展，将及时履行信息披露义务。 ...

证券日报网讯 1月28日，柯力传感（603662）在互动平台回答投资者提问时表示，目前，公司产品已销 往全球多个国家和地区，包括欧盟地区，业务布局稳步拓展。未来，公司将继续完善海外服务体系，增 强本地化运营能力，积极把握国际市场机遇，持续提升品牌影响力与综合竞争力。有关国际业务的具体 进展与经营数据，敬请以公司正式披露的公告信息为准。 ...

Investment Rating - The report assigns an "Accumulate" rating for the robotics industry [4]. Core Insights - The report highlights the deepening strategies of overseas giants, with OpenAI entering the robotics field and the acceleration of embodied intelligence in Europe. In China, new products and operational scenarios are flourishing, with breakthroughs in both production scale and data elements. The investment and financing market is robust, leading to an expansion of the robotics supply chain and production capacity [2][3]. Summary by Sections Industry News and Company Dynamics - Optimus is already operational in factories and is expected to begin consumer sales by the end of 2027. CEO Elon Musk confirmed this timeline at the World Economic Forum in Davos, stating that several units are currently performing simple tasks and will be ready for more complex operations soon [6][7]. - Yushutech announced that it exceeded 5,500 units in actual sales of humanoid robots for 2025, with over 6,500 units produced. The company clarified that this figure refers to actual sales delivered to end customers [7]. - Shanghai Jiao Tong University and Jieke Robotics have established a joint research center focused on general intelligent robots, aiming for breakthroughs in core technologies and industrial applications [7]. Investment and Financing Dynamics - The financing demand in the robotics sector is increasing, with Skild AI raising approximately $1.4 billion in funding led by SoftBank and NVIDIA, focusing on developing a general robotic "brain" [9]. - Zhejiang Human Robot Innovation Center completed a Pre-A round financing of 450 million yuan, with a strong lineup of investors, aimed at advancing core technologies and scaling production [9]. - Huari Technology plans to go public in Hong Kong, focusing on machine vision and autonomous mobile robots [9]. Investment Recommendations - The report recommends focusing on both complete robotics manufacturers and core component suppliers. Key recommendations include: 1. Actuators and motors: Recommended companies include Zhaowei Electromechanical, with related companies being Mingzhi Electric and Jiechang Drive. 2. Reducers: Related companies include Ruidi Zhichu and Haoneng Co. 3. Screw components: Recommended company is Hengli Hydraulic, with related companies being Zhejiang Rongtai and Best. 4. Screw equipment: Recommended company is Qin Chuan Machine Tool, with related companies being Rifa Precision and Huachen Equipment. 5. Bearings: Recommended company is Longxi Co. 6. Sensors: Recommended companies include Donghua Testing and Anpeilong, with related companies being Lingyun Co. 7. Complete machines: Related companies include Ubtech and Yijiahe [10][12].

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on mining equipment, AI devices, and consumables [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant capital expenditure anticipated in mining due to rising prices of non-ferrous metals [6][8]. - The AI sector is experiencing rapid growth, leading to increased demand for high-performance servers, GPUs, and advanced PCBs, which are critical for AI applications [6][20]. - The report highlights key companies in various segments, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][8]. Summary by Sections Industry Overview - The mechanical industry comprises 636 listed companies with a total market capitalization of approximately 70,956.73 billion yuan and a circulating market value of about 58,998.75 billion yuan [3]. Company Profit Forecasts and Valuations - Several companies are highlighted with strong profit forecasts and investment ratings, including: - Huichuan Technology (300124.SZ): EPS forecasted at 2.11 yuan for 2025, with a strong buy rating [2]. - Falan Technology (603966.SH): EPS forecasted at 0.60 yuan for 2025, with a strong buy rating [2]. - Xinjie Electric (603416.SH): EPS forecasted at 1.83 yuan for 2025, with a strong buy rating [2]. - Other notable mentions include companies like Anhui Heli (600761.SH) and Sany Heavy Industry (600031.SH), both receiving strong buy ratings [2]. Market Performance - The mechanical sector has shown a positive performance with a 1.4% increase in the index, while the overall market performance varied across different indices [10][13]. - The 3C equipment segment experienced the highest growth at 14.4%, indicating strong demand in this area [11]. Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the AI wave, such as: - Dingtai High-Tech and Zhongtung High-Tech in the consumables sector [20][21]. - Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [20]. - The report emphasizes the importance of high-end equipment and consumables in the PCB market, projecting significant growth in this area [20][21]. Key Data Tracking - The report includes macroeconomic indicators and industry-specific data, such as the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's health [32][36].

Group 1 - Several listed companies categorized under the commercial aerospace concept have recently issued announcements or statements clarifying their low association with commercial aerospace business and indicating that their stock prices have significantly deviated from fundamentals [2] - Since December 2025, some companies in the commercial aerospace sector have seen astonishing stock price increases, with Aerospace Development's stock rising over 200% in 30 consecutive trading days, triggering severe abnormal fluctuation standards [2] - Aerospace Development announced that its subsidiary engaged in low-orbit satellite operations generated less than 1% of the company's total revenue in the first three quarters of 2025, indicating minimal impact on overall performance [2] Group 2 - Companies such as Shaoyang Hydraulic clarified that their products do not directly serve commercial aerospace clients, with related orders being sporadic and amounting to less than 500,000 yuan, accounting for less than 0.2% of annual revenue [2] - Multiple companies, including Aerospace Power, North Navigation, Aerospace Engineering, Star Ring Technology, and Aerospace Changfeng, publicly stated that their main businesses do not involve commercial aerospace [2] - In response to investor inquiries, companies like Xingxing Technology and Jindi Co. expressed that they do not have current development plans in the commercial aerospace sector, while Keli Sensor and Bomin Electronics acknowledged their awareness of the commercial aerospace trend but have not established substantial commercial cooperation [3] Group 3 - The clarifications and risk warnings highlight a significant divergence between soaring stock prices and company fundamentals, with industry leader China Satellite reporting a rolling P/E ratio exceeding 2400 and a more than 96% year-on-year decline in net profit for 2024 after excluding non-recurring gains [5] - Companies like Aerospace Electronics and China Satcom also announced that their stock prices exhibit a "hot potato effect" and have severely detached from fundamentals, indicating a potential for significant short-term declines [5] - Market analysis suggests that while the long-term growth logic of the commercial aerospace industry is clear, short-term irrational speculation has inflated valuations of many stocks lacking substantial business support [5]

Core Viewpoint - The company, Keli Sensor (603662), acknowledges that its domestically produced six-dimensional force sensors still have certain performance gaps compared to international high-end products, particularly in core components like analog chips [1] Group 1: Product Development and Strategy - The company is focusing on a "differentiated application" strategy to optimize products for various precision requirements and cost sensitivities, aiming for the best performance-cost match in specific applications [1] - The current domestic chip solutions provide a significant advantage by reducing sensor costs, which facilitates large-scale applications and market promotion [1] - The company plans to continuously optimize design, improve process levels, and advance large-scale production to further lower marginal costs and enhance market competitiveness [1] Group 2: Research and Development Progress - The relevant technology research and development, as well as industrialization efforts, are still in a phase of continuous optimization, with specific progress to be disclosed through the company's public announcements [1]

Core Viewpoint - The company is focusing on a "sensor forest" strategy to develop multi-modal perception technology aimed at robots and intelligent equipment, enhancing environmental perception and interaction capabilities [1] Group 1: Company Strategy - The company is developing embedded solutions that integrate visual, pose, and tactile sensors to improve the collaborative capabilities of robots in complex environments [1] - The core products include six-dimensional force sensors, which serve as the foundation for the company's technological advancements [1] Group 2: Research and Development - Current research and development efforts are in the verification stage, with uncertainties regarding the specific technological paths, development cycles, and industrialization progress [1] - The company aims to upgrade its products towards an integrated solution of "perception-decision-control," enhancing the added value of individual sensors [1] Group 3: Market and Regulatory Compliance - The company will continue to monitor technological evolution and market demand, ensuring compliance with legal and regulatory information disclosure obligations [1]

（编辑 丛可心） 证券日报网讯 1月16日，柯力传感在互动平台回答投资者提问时表示，公司对北微传感的战略投资，旨 在强化在机器人等高端智能装备领域的感知技术融合与产业生态布局。目前，公司与北微传感的合作主 要聚焦于"力觉+姿态"融合感知方案，共同推进在工业自动化及机器人等领域的市场落地。关于商业航 天领域，公司会密切关注行业发展趋势，并结合自身与北微传感的技术协同优势，积极进行战略研究与 布局。截至目前，该方向尚未形成实质性商业合作，敬请投资者注意相关风险。未来如有重大进展，公 司将依法依规及时履行信息披露义务。 ...

格隆汇1月16日丨柯力传感(603662.SH)在投资者互动平台表示，在机器人传感器领域，公司正积极推 进"传感器产业森林"战略，通过与北微传感等生态伙伴的协同，着力开发"力觉+姿态"等多模态融合感 知方案。目前，公司自研的六维力传感器与北微传感的惯性测量单元（IMU）已在部分机器人应用场景 中开展技术集成与方案验证，旨在构建更完整的环境感知与运动控制能力，为包括人形机器人在内的高 端装备提供系统化解决方案。 在商业航天配套市场，公司持续关注行业机遇，并与相关生态伙伴保持 技术交流与需求对接。截至目前，该领域尚未形成规模化收入或重大业务合同，相关布局仍在稳步推进 中，敬请投资者注意投资风险。 ...