公司代码：603728 公司简称：鸣志电器 上海鸣志电器股份有限公司 2024年度内部控制评价报告 上海鸣志电器股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下 简称企业内部控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法， 在内部控制日常监督和专项监督的基础上，我们对公司2024年12月31日（内部控制评价报 告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性， 并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制 进行监督。经理层负责组织领导企业内部控制的日常运行。公司董事会、监事会及董事、 监事、高级管理人员保证本报告内容不存在任何虚假记载、误导性陈述或重大遗漏，并对 报告内容的真实性、准确性和完整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息 真实完整，提高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性， 故仅能为实现上述目标提供合理保证。此外，由于情况的变化可能 ...

证券代码：603728 证券简称：鸣志电器 公告编号：2025-023 上海鸣志电器股份有限公司 关于为控股子公司申请综合授信提供担保的公告 被担保人名称：鸣志国际贸易（上海）有限公司（以下简称"鸣志国贸"）、 和常州市运控电子有限公司 （以下简称 "运控电子"），上述被担保人为上 海鸣志电器股份有限公司（以下简称"鸣志电器"或"公司"）的控股子公 司，不存在其他关联关系。 本次担保金额及实际为其提供担保余额： 本次担保是否有反担保：无 对外担保逾期的累计数量：无 本次担保尚需提交公司股东大会审议通过，敬请广大投资者注意相关风险。 构申请综合授信提供担保，主要授信及担保情况如下： 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。 重要内容提示： 公司本次拟为鸣志国贸申请银行综合授信提供担保，本次担保金额不超过 8,000 万元人民币或等值外币；截至本公告披露日，公司为鸣志国贸提供的担 保（不含本次担保）余额为 3,500 万元人民币，占公司最近一期经审计净资产 的 1.20%。 公司本次拟为运控电子申请银行综合授信提供担保 ...

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 写在前面 （文末有惊喜） 一直在路上，所以停下脚步，只在于分享 包括： 新 材料/ 半导体 / 新能源/光伏/显示材料 等 投资要点 の 东吴证券 2 ◆ 灵巧手vs夹爪:场景落地不同,稳定性与泛化性的博弈。场景应用决定硬件需求，不同的场景匹配不同的硬件, 无论是灵巧手还是夹爪,都有英适合的应用场景。夹爪:泛化能力有限但稳定性高,更适合工业应用场景。夹 爪的泛化性弱于灵巧手,但低成本与高稳定性的特性使其更适配工业场景。一方面工业场景不会为多余的功能 买单,夹爪可以以最高的性价比满足工业端需求;另一方面夹爪泛化性差但操作简单,现有的控制算法已可以 赋予其较高的稳定性,这对于工业场景对高良率和高稳定性的要求比较友好。灵巧手:终局泛化能力强,适配 更复杂的应用场景。灵巧手相比夹爪能实现更多复杂的操作,例如需要抓握、手指联动的场景中,灵巧手是必 然选择。长期来看,人形机器人的最终目标就是融入人类的环境,因此灵巧手会是终局解决方案,能够适用于 更多的应用场景。 驱动模块/减速模块/传动模块是灵巧手的三大组成部分。1驱动 ...

Core Points - The Shanghai Composite Index closed at 3296.36 points, below the six-month moving average, with a slight decline of -0.10% [1] - The total trading volume of A-shares reached 12,624.62 billion yuan [1] - A total of 176 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary of Stocks Exceeding Six-Month Moving Average - Stocks with the highest deviation rates include: - Jiyang Precision (13.55% deviation, latest price 22.22 yuan) [1] - Weimao Electronics (10.89% deviation, latest price 29.94 yuan) [1] - Sanmu Group (9.55% deviation, latest price 4.06 yuan) [1] - Other notable stocks with smaller deviation rates include: - David Medical (just above the six-month line) [1] - Ice Wheel Environment (just above the six-month line) [1] - Ningbo United (just above the six-month line) [1] Additional Stock Performance Data - The performance of several stocks on the day includes: - Dongbei Group (9.98% increase, latest price 5.62 yuan) [1] - Fenghua Co. (10.03% increase, latest price 13.05 yuan) [1] - Niuwei Co. (7.78% increase, latest price 26.33 yuan) [1] - The trading turnover rates for these stocks vary, with some exceeding 30% [1]

赛事的热度引爆了人形机器人赛道，昨日，A股人形机器人概念股午后显著拉升。截至下午收盘，相关 概念股涨多跌少，其中，震裕科技（300953）、万达轴承、奥比中光、利亚德涨幅皆超10%；福莱新材 （605488）涨停；强瑞技术（301128）、鸣志电器（603728）、伟创电气、斯菱股份（301550）、日盈 电子（603286）、风语筑、汉威科技（300007）、翔楼新材（301160）、绿的谐波、天奇股份 （002009）、超捷股份（301005）等均涨超7%。 港股方面，昨日港股休市，此前一个交易日优必选和小米集团均收涨。前者4月17日收盘涨0.36%报 70.450港元/股，换手率0.76%，振幅2.35%，成交额2亿港元；后者当日收盘涨1.70%报41.95港元/股，换 手率0.89%，振幅4.24%，成交额79.1亿港元。 AI+机器人投资机会涌现 商报讯(记者叶晓珺)周末的人形机器人马拉松比赛，掀起了行业热潮，也引爆了二级市场。昨日早间， 人形机器人指数上涨0.84%，报9440.57，成交额212.36亿元，东方锆业（002167）、奥比中光领涨。港 股方面，虽说昨日休市，但概念股小米和优必选此前 ...

开源证券表示，中国凭借强大的产业链协同与场景验证能力，率先实现人形机器人高强度运动场景的规 模化实践，其他国家尚未具备同类验证条件。相较2024年7月世界人工智能大会（部分机器人仍需吊装 辅助），本次赛事直接让机器人跑完全程，展现了关键技术的飞跃。同时赛事通过高曝光直播、"人气 奖"互动等机制，提升公众对人形机器人的认知与接受度，为未来人机融合的社会化应用铺路。作为人 形机器人国家战略的具象化展示，"一赛一会"产业生态战略，也为即将在8月举行的世界人形机器人运 动会预热。 机器人ETF（159770）跟踪中证机器人指数，该指数覆盖机器人核心零部件（汇川技术、绿的谐波）、 本体制造（埃斯顿）、系统集成（科大讯飞）等环节，前十大权重股占比50.57%，成分股聚焦工业机 器人，据国际数据公司（IDC）数据资料，工业机器人出口主要市场区域在亚太、欧洲等地区，对美出 口占比相对较低。 财信证券认为，人形机器人是继电脑、智能手机和新能源汽车后的另一个颠覆性产品的赛道。人形机器 人产业链主要由上游零部件、中游人形机器人本体及下游终端应用等环节组成。上游包括减速器、电 机、丝杠、控制器、传感器等硬件部分，以及软件系统部分。国 ...

A股机器人概念震荡反弹，福莱新材午后涨停，中润光学、震裕科技涨超10%，大叶股份、奥比中光、 鸣志电器、赛摩智能、华依科技、天奇股份等涨幅靠前。 ...

Group 1 - The world's first humanoid robot half marathon concluded in Beijing, with the TianGong Ultra robot winning the race in approximately 2 hours and 40 minutes [1] - TianGong Ultra, developed by the Beijing Humanoid Robot Innovation Center, stands 1.8 meters tall and features high-precision sensors and reinforcement learning algorithms, achieving a stable performance with an average speed of 10 km/h and a maximum speed of 12 km/h [1] - The robot maintained a battery change frequency of every 5 kilometers during the first 10 kilometers of the race, showcasing its lightweight design and bipedal motion control technology [1] Group 2 - The event serves as a technology showcase and a barometer for the capital market, with the Huaxia Fund's robot ETF (562500) exceeding 11.6 billion yuan, leading the industry and heavily investing in key players like Top Group and Mingzhi Electric [2] - The rise of humanoid robots from laboratory settings to complex applications is accelerating, with TianGong's performance highlighting the emergence of the domestic robot industry chain [2] - The Huaxia Robot ETF provides investors with a streamlined opportunity to engage in the trillion-yuan robot industry, leveraging its scale and liquidity to empower future investments [2]

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment industry [5]. Core Views - The humanoid robot sector is rapidly advancing, with Tesla's humanoid robot aiming for mass production of 5,000 units by 2025. Domestic companies like Yushutech and ZhiYuan Robotics are also innovating quickly, focusing on key components such as reducers and sensors [3][4]. - AI infrastructure is experiencing growth driven by demand for data centers, benefiting companies involved in cooling systems [4]. - The low-altitude economy is progressing with infrastructure initiatives, aiming to create a unified air traffic management network [4]. Industry Dynamics - Humanoid Robots: Recent demonstrations include the release of a dexterous hand technology by Xingdong Era and a boxing video by Yushutech [1][18]. - Smart Welding: The application of pipeline welding robots by China National Petroleum has achieved scale [20]. - Low-altitude Economy: New companies and initiatives are being established to support the development of low-altitude economic infrastructure [21][26]. Company Dynamics - Yushutech and Chang'an Automobile signed a strategic cooperation agreement to collaborate on robotics technology [31]. - ZhiYuan Robotics participated in a roundtable discussion on economic trends [22]. - A joint venture was established between Junpu Intelligent and ZhiYuan Robotics to focus on humanoid robots [29]. Event Outlook - A humanoid robot half-marathon is scheduled to take place in Beijing on April 19, 2025, featuring humanoid robots competing alongside human participants [37]. Key Company Profit Forecasts and Investment Ratings - Companies such as Lide Harmony, Mingzhi Electric, and Huichuan Technology are rated as "Outperform" with various earnings per share (EPS) forecasts for 2023 and 2024 [9].

Core Viewpoint - The public fund industry achieved impressive performance in Q1 2025, driven by a structural market led by AI and robotics themes [1][2]. Group 1: Fund Performance - The fund performance leaderboard for Q1 2025 was dominated by robotics-themed funds, Beijing Stock Exchange funds, and Hong Kong stock funds [2]. - The top-performing fund, Penghua Carbon Neutral Theme A, managed by Yan Siqian, achieved a return of 60.26%, heavily investing in several robotics stocks [3][5]. - Other notable funds include Ping An Advanced Manufacturing Theme A and Yongying Advanced Manufacturing Smart Selection A, both exceeding 50% returns, also focusing on robotics [6]. Group 2: Robotics Theme Funds - Penghua Carbon Neutral Theme A's significant holdings included stocks like Beite Technology and Hechuan Technology, with Double Forest Co. seeing a year-to-date increase of 118.16% [3][6]. - Fund managers expressed optimism about the rapid production of humanoid robots and the investment opportunities in new materials and technologies [7]. - The focus on core components and AI perception in humanoid robots indicates a growing market potential, with significant room for technological advancement [7][8]. Group 3: Beijing Stock Exchange Funds - Beijing Stock Exchange funds also performed well, with notable returns from funds like CITIC Construction Investment and Huaxia, achieving returns of 38.98% and 37.45% respectively [9]. - These funds have successfully identified high-performing stocks within the Beijing Stock Exchange, such as Kelaite, which saw a remarkable increase of 136.01% [9]. Group 4: Hong Kong Stock Funds - Hong Kong stock funds regained attention, with funds like Huatai Hong Kong Advantage Selection and Zhongyin Hong Kong Medical achieving returns of 38.9% and 32.25% respectively [12]. - The performance of these funds was bolstered by significant gains in pharmaceutical stocks, with companies like Kelun Pharmaceutical and Rongchang Biological seeing increases of 78.08% and 64.58% [12]. - The manager of Huatai Hong Kong Advantage Selection highlighted the growing competitiveness of Chinese innovative drugs in the global market, projecting a significant increase in overseas licensing deals [12][13].