截至6月30日，鸣志电器股东户数5.46万，较上期增加18.97%；人均流通股7678股，较上期减少 15.94%。2025年1月-6月，鸣志电器实现营业收入13.15亿元，同比增长3.92%；归母净利润2695.45万 元，同比减少32.66%。 今年以来鸣志电器已经2次登上龙虎榜，最近一次登上龙虎榜为2月21日。 资料显示，上海鸣志电器股份有限公司位于上海市闵行区闵北路88弄7号楼，成立日期1998年7月7日， 上市日期2017年5月9日，公司主营业务涉及专注于运动控制领域和智能电源领域核心技术及系统级解决 方案的研发和经营，核心业务围绕自动化和智能化领域有序外延扩张。主营业务收入构成为：控制电机 及其驱动系统类83.60%，贸易类产品8.39%，电源与照明系统控制类6.90%，设备状态管理系统类 1.07%，其他0.03%。 鸣志电器所属申万行业为：电力设备-电机Ⅱ-电机Ⅲ。所属概念板块包括：伺服系统、人形机器人、机 器人概念、太阳能、工业4.0等。 9月10日，鸣志电器盘中上涨2.15%，截至13:03，报69.80元/股，成交9.10亿元，换手率3.19%，总市值 292.38亿元。 资金流向方面， ...

9月4日，鸣志电器跌5.02%，截至发稿，报60.52元/股，成交6.16亿元，换手率2.36%，总市值253.51亿 元。 资料显示，上海鸣志电器股份有限公司位于上海市闵行区闵北路88弄7号楼，成立日期1998年7月7日， 上市日期2017年5月9日，公司主营业务涉及专注于运动控制领域和智能电源领域核心技术及系统级解决 方案的研发和经营，核心业务围绕自动化和智能化领域有序外延扩张。主营业务收入构成为：控制电机 及其驱动系统类83.60%，贸易类产品8.39%，电源与照明系统控制类6.90%，设备状态管理系统类 1.07%，其他0.03%。 从鸣志电器十大流通股东角度 数据显示，华夏基金旗下1只基金位居鸣志电器十大流通股东。华夏中证机器人ETF（562500）二季度 增持67.81万股，持有股数374.75万股，占流通股的比例为0.89%。根据测算，今日浮亏损失约1199.18万 元。 截至发稿，华龙累计任职时间3年15天，现任基金资产总规模429.26亿元，任职期间最佳基金回报 95.3%， 任职期间最差基金回报-15.08%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信 ...

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息面上，特斯拉现已开通名为"TeslaAI"的官方微博，认证为"特斯拉官方账号"，简介中称该账号主要 用于介绍"特斯拉人形机器人、智能辅助驾驶、Robotaxi无人驾驶网约车、Coetex计算集群"等AI产品。 目前，其已发布首条微博，主要展示了特斯拉人形机器人的外观，参考图片，该机器人身上印有特斯拉 Logo，整体采用浅金色 / 黑色配色，应当是先前曝光的"Optimus 3人形机器人"。 格隆汇9月8日｜A股市场机器人概念股集体拉升，其中，首日上市京交所的三协电机飙升757%，坤博 精工涨超21%，绿的谐波涨13%，泰禾智能、世运电路(603920)、鸣志电器(603728)、三花智控 (002050)10CM涨停，舜宇精工、浙江荣泰涨超9%，拓普集团(601689)、春兴精工(002547)、立讯精密 (002475) ...

【机器人概念震荡拉升 三花智控等多股涨停】智通财经9月8日电，早盘机器人概念震荡拉升，三花智 控、鸣志电器、世运电路、日盈电子涨停，绿的谐波、华密新材、安培龙涨超10%，均胜电子、北特科 技、拓普集团、五洲新春等跟涨。消息面上，9月7日，特斯拉开通"TeslaAI"的官方微博，认证为"特斯 拉官方账号"，并发布首条微博展示其人形机器人。同时，特斯拉向马斯克提出一份史上最大薪酬方 案，价值1.2万亿美元，条件之一是交付100万台Optimus人形机器人。 转自：智通财经 ...

Suspension and Resumption of Trading - Sunflower plans to acquire controlling stake in Xipu Materials and 40% stake in Beid Pharmaceutical, resulting in stock suspension [1] - Kuangda Technology's controlling shareholder intends to transfer 28% of shares, with Zhuzhou State-owned Assets Supervision and Administration Commission becoming the actual controller, leading to stock resumption [1] Mergers and Acquisitions - Silin Jie intends to issue shares and pay cash to acquire 71% of Keke Electronics [2] Share Buybacks, Increases, and Equity Transfers - Guizhou Moutai receives a commitment from Agricultural Bank to support stock buyback with a loan not exceeding RMB 2.7 billion [3] - BGI Genomics' shareholder plans to transfer 2.64% of the company's shares [3] Investment Cooperation and Operational Status - Guangqi Technology's subsidiary has signed mass production contracts for metamaterials worth a total of RMB 1.278 billion with five clients [4] - Dongfang Electric's pre-plated nickel material orders are around 2,000 tons monthly, primarily supplying an international battery company, with significant procurement increases expected by 2026 [4] - Lianchuang Optoelectronics plans to jointly invest with related and unrelated parties to establish a commercial aerospace operation company in Ziyang [5] - Aerospace Hongtu signed a strategic cooperation agreement for an internet satellite project with Pakistan worth RMB 2.9 billion [6] - Tianji shares are gaining market attention for solid-state battery concepts, with its subsidiary obtaining patents for lithium sulfide materials and their applications [6] - Mingzhi Electric has sent samples to over a hundred leading domestic and international robot manufacturers [6] - Jidian shares received RMB 919 million in subsidy funds in August, with a total of RMB 1.271 billion received from January to August 2025, a 154.2% increase year-on-year [6] - *ST Songfa's subsidiary, Hengli Shipbuilding, signed contracts for two 30.6 million-ton ultra-large crude oil tankers [7] - Robotek plans to issue H-shares and list on the Hong Kong Stock Exchange [8] - China State Construction plans to acquire equity in a Shanghai real estate project for approximately RMB 15.478 billion [9]

上海鸣志电器股份有限公司 关于2025年半年度网上业绩说明会召开情况的公告 证券代码：603728 证券简称：鸣志电器 公告编号：2025-039 答： 尊敬的投资者您好！在人形机器人运动控制核心零件赛道，鸣志已构建"电机+驱动+传动+闭环"的 全栈式产品平台：无框电机、空心杯/微型伺服、编码器、微型减速机/丝杠及一体化关节模组，实现了 从灵巧手到上肢关节的批量供货能力。目前公司已向国内外百余家头部企业整机厂送样，收获持续扩大 的批量订单。公司在人形机器人领域的核心优势体现为四点：一、产品谱系非常完整；二、各类产品的 规模化交付能力；三、与全球TOP级客户深度合作开发，产能快速爬坡中；四、全球化产能配置，产品 交付能力优异。感谢您的关注！ 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个别及连带责任。 上海鸣志电器股份有限公司（以下简称"公司"）于2025年9月5日（星期五）上午10:00 ~ 11:00，通过上 海证券报·中国证券网路演中心（https://roadshow.cnstock.com/）召开了公司2025年半年度网上业绩 ...

Core Insights - Tesla's Optimus humanoid robot has sparked a global supply chain frenzy, with four notable A-share companies—Zhaowei Electromechanical, Leisai Intelligent, Mingzhi Electric, and Jiangsu Leili—gaining attention as they enter Tesla's robot supply chain [1][2] - The focus of these companies is on the lucrative market for dexterous hands, with projections indicating a market size nearing 100 billion yuan by 2030 if humanoid robot production exceeds 3 million units [2][3] Company Strategies - Zhaowei Electromechanical has adopted a dual approach of product development and ecosystem building, launching its first dexterous hand product in November 2024 and establishing a subsidiary dedicated to dexterous hand technology [5][6] - Leisai Intelligent has been proactive, forming multiple subsidiaries focused on high-density motors and dexterous hand solutions, and has already secured several commercial orders, indicating significant growth potential [6][7] - Jiangsu Leili is taking a more cautious approach, leveraging academic resources for dexterous hand R&D while exploring various technical routes, including cable-driven designs [7][8] - Mingzhi Electric, while less visible in the dexterous hand market, has established itself as a potential supplier for Tesla's hollow cup motors, with expectations for mass supply starting in Q1 2026 [8][12] Technical Comparisons - The dexterous hands from Zhaowei and Leisai both feature 20 degrees of freedom, but differ in their actuation methods, with Zhaowei using direct drive and Leisai employing a linkage system [10][11] - Leisai's dexterous hand boasts a superior load capacity of 40 kg per hand and 10 kg per finger, making it particularly suited for industrial applications [11][12] - Pricing strategies vary, with Zhaowei's products priced between 40,000 to 50,000 yuan, while Leisai's offerings are expected to be under 10,000 yuan, highlighting competitive positioning in the market [12] Financial Performance - In the first half of 2025, Zhaowei Electromechanical reported a revenue of 787 million yuan, a 21.93% increase, while Leisai Intelligent achieved 891 million yuan, an 8.28% increase [13][14] - Jiangsu Leili, despite being the largest in terms of revenue, reported a negative free cash flow of -17.5 million yuan, indicating financial challenges [13][14] - Mingzhi Electric experienced a 32.66% decline in net profit due to operational challenges, while Zhaowei and Leisai demonstrated strong cash flow positions, essential for future investments [14]

Core Insights - Tesla's Optimus humanoid robot has sparked significant interest in the supply chain, particularly for four A-share companies: Zhaowei Electromechanical, Lead Intelligent, Mingzhi Electric, and Jiangsu Leili, as they are now part of Tesla's robot supply chain [1] - The focus of these companies has shifted towards the lucrative market of dexterous hands, with a projected market size nearing 100 billion yuan by 2030, driven by the anticipated production of over 3 million humanoid robots [2][3] Company Strategies - Zhaowei Electromechanical has adopted a dual approach of product development and ecosystem building, launching its first dexterous hand product in November 2024 and establishing a subsidiary dedicated to this technology [4] - Lead Intelligent has been proactive, forming multiple subsidiaries focused on high-density motors and dexterous hand solutions, and has already secured several commercial orders [5] - Jiangsu Leili is taking a more cautious approach, leveraging academic resources for dexterous hand development while exploring various technical routes [6] - Mingzhi Electric has gained recognition as a potential supplier for Tesla's hollow cup motors but has not yet made significant moves in the dexterous hand market [7] Technical Comparisons - The dexterous hands from Zhaowei Electromechanical and Lead Intelligent both offer 20 degrees of freedom, while Jiangsu Leili's design boasts 22 degrees, indicating a competitive edge in flexibility [9][10] - Lead Intelligent's dexterous hand can support a load of up to 40 kg, significantly higher than its competitors, which positions it favorably for industrial applications [10] - Pricing strategies vary, with Zhaowei Electromechanical's products priced between 40,000 to 50,000 yuan, while Lead Intelligent aims to keep its offerings under 10,000 yuan [11] Financial Performance - In the first half of 2025, Zhaowei Electromechanical reported a revenue of 787 million yuan, a 21.93% increase, while Lead Intelligent achieved 891 million yuan, an 8.28% increase [12] - Jiangsu Leili, despite being the largest in terms of revenue, reported a negative free cash flow of -17.5 million yuan, indicating financial strain [12][13] - Mingzhi Electric experienced a 32.66% decline in net profit due to operational challenges, highlighting the competitive pressures within the industry [13]

Core Insights - Tesla's Optimus humanoid robot has sparked a global supply chain frenzy, with four A-share companies—Zhaowei Electromechanical, Leadshine Technology, Mingzhi Electric, and Jiangsu Leili—gaining attention as they enter Tesla's robot supply chain [2] - The competition for dexterous hands, a crucial component for humanoid robots, is intensifying among these companies, with significant market potential projected [2][3] Company Summaries - **Zhaowei Electromechanical**: Launched its first dexterous hand product in November 2024 and established a subsidiary focused on dexterous hand technology. The company has signed strategic cooperation agreements with 12 firms to promote dexterous hand applications [4][5] - **Leadshine Technology**: Established multiple subsidiaries focusing on high-density motors and dexterous hand solutions. The company aims to create a second growth curve by combining joint modules with dexterous hands and control systems [5][6] - **Jiangsu Leili**: Taking a more reserved approach, it has formed a subsidiary to leverage academic resources for dexterous hand development, exploring various technical routes [6][7] - **Mingzhi Electric**: Recently became a potential supplier for Tesla's hollow cup motors but has not made significant moves in the dexterous hand market. The company has strong technology in brushless motors but remains low-profile in this segment [7] Market Dynamics - The dexterous hand market is projected to reach nearly 100 billion by 2030, driven by the anticipated production of over 3 million humanoid robots [2] - Companies are forming specialized subsidiaries and launching products to capture market share in the dexterous hand segment, indicating a shift from traditional roles to brand creation [2][3] Technical Comparisons - Zhaowei Electromechanical and Leadshine Technology have developed dexterous hands with 20 degrees of freedom, while Jiangsu Leili's designs boast up to 22 degrees [9][10] - Leadshine's dexterous hand can support a load of 40 kg per hand and 10 kg per finger, highlighting its industrial application focus [10][11] Financial Performance - Jiangsu Leili reported the highest revenue among the four companies, while Zhaowei Electromechanical and Leadshine Technology showed strong cash flow positions [12][13] - Mingzhi Electric experienced a significant decline in net profit due to operational challenges, while Zhaowei and Leadshine reported growth in their financial metrics [12][13]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - The company has shown signs of stabilization and recovery in operations, with sufficient orders on hand, which may lay the foundation for rapid year-on-year growth in the second half of the year [2][11] - The company's revenue for the first half of 2025 reached 1.315 billion, a year-on-year increase of 3.92%, while the net profit attributable to the parent company was 27 million, a year-on-year decrease of 32.66% [5][11] - The company's robot business continues to grow, with a year-on-year increase of approximately 20% in the first half of 2025 [11] Summary by Sections Financial Performance - In Q2 2025, the company achieved revenue of 719 million, a year-on-year increase of 9.56%, and a net profit of 20 million, a year-on-year decrease of 41.07% [5][11] - The company's domestic business revenue for H1 2025 was 728 million, a year-on-year increase of 6.84%, while overseas revenue was 587 million, a slight increase of 0.52% [11] - The overall gross margin remained stable at 35.0%, despite a slight decrease in the proportion of high-margin overseas business [11] Business Segments - The company's brushless motor business achieved revenue of 129 million, maintaining growth, primarily driven by automation, robotics, and semiconductor sectors [11] - The motion control system business saw a revenue increase of 44.07% year-on-year, with the servo system business growing by 48.94% [11] - The company's robot application segment continued to grow steadily, contributing to the overall positive outlook [11] Future Outlook - The company is expected to achieve net profits of 81 million and 118 million in 2025 and 2026, respectively, corresponding to PE ratios of 332x and 229x [11]