Core Viewpoint - The company, Songlin Technology, is transitioning its focus from traditional smart hardware to becoming a leader in the service robot ecosystem, positioning its robot business as the most important strategic direction for the future [3][10]. Group 1: Strategic Shift - Songlin Technology's robot business has entered the commercialization phase and is expected to surpass its traditional IDM business, becoming the core strategic focus for the next decade [2]. - The company aims to be a global standard setter for service robot systems, moving beyond single product sales to providing comprehensive robotic organizational systems that meet various operational needs [3][4]. Group 2: Market Potential - The global service robot market is projected to reach $40 billion by 2025, with a compound annual growth rate of 17.1% over the next decade, potentially reaching $196 billion by 2035 [5][6]. - There is a significant demand for logistics and care robots in China, driven by a large manufacturing sector and an aging population [6]. Group 3: Competitive Advantages - Songlin Technology leverages 30 years of precision manufacturing experience, allowing for integrated capabilities in design, R&D, production, and supply chain management, resulting in a 15%-20% lower hardware cost compared to competitors [7][8]. - The company utilizes its IDM model to create customized solutions for specific scenarios, integrating existing health hardware data with AI algorithms for comprehensive management [8]. - The firm has a strong foundation in AI and software algorithms, focusing on efficient learning from small data sets to enhance robot capabilities [8]. Group 4: Business Model Innovation - The company plans to offer a "hardware + service" model, providing not only robots but also annual maintenance and system upgrades, potentially introducing a "Robots as a Service" (RaaS) model [10]. - This innovative approach aims to redefine traditional hardware sales, positioning robots as essential infrastructure for productivity [10]. Group 5: Long-term Vision - The ultimate goal of Songlin Technology is to empower global B-end enterprises by restructuring more efficient productivity organizations through its robot strategy [11]. - The company focuses on addressing real needs in various sectors, such as improving care for the elderly in nursing homes and enhancing logistics efficiency in industrial parks [11].

● 本报记者 齐金钊 巡检机器狗、人形机器人管家、清洁机器人、护理机器人……走进松霖机器人产业园展厅，各类机器人 分区排列，各自展示着自己的"独门绝技"……作为以智能厨卫、大健康智能硬件闻名的"隐形冠军"，松 霖科技如今将机器人业务定位为"公司最重要的战略方向"，并致力于"做全球服务型机器人系统标准制 定者"。 这一战略转型的背后，是松霖科技对行业趋势的深刻洞察。周华松认为，当前机器人行业普遍聚焦 于"单品类爆款"（如人形机器人、扫地机器人），但这类产品因应用场景单一、协同性弱，目前仍难以 真正解决B端客户的效率痛点。此外，政策导向要求企业超越硬件本身，为行业提供智能化解决方案， 从"设备供应商"向"新质生产力赋能者"和"未来产业开拓者"升级。 "我们紧紧围绕新业态、新模式、新场景'三新'消费市场，不做卖单个机器人的生意，而是提供机器人 组织系统，就像为企业组建一支高效协作的智能团队，涵盖后勤、护理、物流等全场景需求。"他进一 步解释，松霖的机器人业务以"系统级解决方案"为核心，通过整合物联网、AI算法与硬件设计能力，为 客户打造覆盖"需求-交付-运维"的全生命周期服务——这可理解为聚焦打造"AI+机器人"垂 ...

Core Insights - The core viewpoint of the article is that Songlin Technology is strategically transitioning from traditional smart hardware to a focus on robotics, positioning its robotics business as the core strategic direction for the next decade, surpassing its traditional IDM business [1][2]. Strategic Upgrade: From Smart Hardware to Robotics Ecosystem - Songlin Technology is now prioritizing its robotics business, aiming to become a global standard setter for service-oriented robotic systems, moving beyond merely selling individual robots to providing comprehensive robotic solutions [1][3]. - The company recognizes that the current robotics industry is overly focused on single-category products, which do not adequately address the efficiency pain points of B-end customers [2]. System-Level Solutions - The robotics business is centered around system-level solutions, integrating IoT, AI algorithms, and hardware design to offer full lifecycle services from demand to delivery and operation [3]. - The existing robotic teams include logistics service systems, customer service systems, and healthcare robots, each tailored to specific sectors such as industrial parks and healthcare institutions [3]. Market Potential and Industry Trends - The global service robot market is projected to reach $40 billion by 2025, with a compound annual growth rate of 17.1%, potentially reaching $196 billion by 2035, indicating significant market potential [4]. - China's aging population and manufacturing demands create urgent needs for logistics and healthcare robots [4]. Competitive Advantages - Songlin Technology leverages 30 years of precision manufacturing experience, allowing for integrated capabilities in design, R&D, production, and supply chain management, resulting in lower hardware costs compared to competitors [4][5]. - The company utilizes its IDM model to create customized solutions for specific scenarios, integrating existing health hardware data with AI algorithms for comprehensive management [5]. - The firm has a strong foundation in AI and software algorithms, focusing on efficient learning from small data sets to enhance robot capabilities [6]. Vision for the Future - The goal is to become a "system integrator" in the robotics field, providing comprehensive productivity solutions rather than just selling individual products [6][7]. - The company plans to establish R&D centers in key regions to enhance efficiency in core technology and supply chain [6]. - A potential "Robots as a Service" (RaaS) model is being considered, allowing customers to pay based on usage rather than upfront purchases, which could redefine traditional hardware sales [7]. Addressing Real Needs - The robotics strategy aims to address real-world needs, such as improving care for the elderly in nursing homes and enhancing logistics efficiency in industrial parks by 30% [7].

每经头条（nbdtoutiao）——左手"欠款"右手"豪购"！杨陵江收购"国内酒庄第一股"，1919是否重启上 市？"吹太多牛都实现了，但千亿还没实现，我很着急" （记者 王晓波） 2024年1至12月份，松霖科技的营业收入构成为：制造业占比100.0%。 截至发稿，松霖科技市值为178亿元。 每经AI快讯，松霖科技（SH 603992，收盘价：41.08元）12月24日晚间发布公告称，公司第三届第二十 八次董事会会议于2025年12月24日在公司会议室召开。会议审议了《关于修订 <信息披露管理制度> 的 议案》等文件。 ...

厦门 二〇二五年十二月 厦门松霖科技股份有限公司 年报信息披露重大差错责任追究制度 厦门松霖科技股份有限公司 年报信息披露重大差错责任追究制度 （2025 年 12 月修订） 厦门松霖科技股份有限公司 年报信息披露重大差错责任追究制度 第一章 总则 第一条 为了进一步提高厦门松霖科技股份有限公司（以下简称"公司"）的 规范运作水平，增强信息披露的真实性、准确性、完整性和及时性，提高年报信息披 露的质量和透明度，确保公司年报信息披露的真实性、准确性、完整性和及时性，根 据《中华人民共和国公司法》《中华人民共和国证券法》《中华人民共和国会计法》 《上市公司信息披露管理办法》《上市公司治理准则》《上海证券交易所股票上市规 则》等法律、法规、规范性文件（以下简称法律法规），以及《厦门松霖科技股份有 限公司章程》（以下简称《公司章程》）等制度规定，并结合公司的实际情况，特制 定本制度。 第二 条 公司有关人员应当严格执行《企业会计准则》及相关规定，严格遵守 公司与财务报告相关的内部控制制度，确保财务报告真实、公允地反映公司的财务状 况、经营成果和现金流量。公司有关人员不得干扰、阻碍审计机构及相关注册会计师 独立、客观地 ...

厦门松霖科技股份有限公司 信息披露管理制度 厦门松霖科技股份有限公司 厦门松霖科技股份有限公司 信息披露管理制度 （2025年12月修订） 厦门 二〇二五年十二月 信息披露管理制度 第一章 总则 第一条 为规范厦门松霖科技股份有限公司（以下简称"公司"）及相关信息披 露义务人的信息披露行为，提高公司信息披露管理水平和信息披露质量，保护投资者 合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称 《证券法》）、《上市公司信息披露管理办法》《上海证券交易所股票上市规则》 （以下简称《股票上市规则》）及《上海证券交易所上市公司自律监管指引第2号— —信息披露事务管理》等法律、行政法规、规章、规范性文件（以下统称法律法规）， 以及《厦门松霖科技股份有限公司章程》（以下简称《公司章程》）的有关规定，制 定本制度。 第二条 本制度所称"信息"是指所有可能对公司证券及其衍生品种交易价格 或投资人的投资决策产生较大影响的信息,以及根据相关法律法规要求披露的信息或 公司主动披露的信息（以下简称重大事项或者重大信息）。 本制度所称"信息披露"是公司及相关信息披露义务人根据法律法规的要求，在 规定时间内、通过规 ...

厦门松霖科技股份有限公司 董事和高级管理人员所持公司股份及其变动 管理规则 （2025 年 12 月修订） 厦门松霖科技股份有限公司 董事和高级管理人员所持本公司股份及其变动管理规则 厦门松霖科技股份有限公司 董事和高级管理人员所持公司股份及其变动管 理规则 第一章 总则 第一条 为加强对厦门松霖科技股份有限公司（以下简称"公司""本公司"） 董事和高级管理人员所持公司股份及其变动情况的申报、披露与监督，维护证券市场 秩序，根据《中华人民共和国公司法》（以下简称《公司法》）《中华人民共和国证 券法》（以下简称《证券法》）《上市公司股东减持股份管理暂行办法》《上市公司 董事和高级管理人员所持本公司股份及其变动管理规则》《上海证券交易所股票上市 规则》《上海证券交易所上市公司自律监管指引第 15 号——股东及董事、高级管理 人员减持股份》等法律、行政法规、规章、规范性文件（以下统称"法律法规"）， 以及《厦门松霖科技股份有限公司章程》（以下简称《公司章程》）的相关规定，制 定本规则。 第二条 本规则适用于公司的董事和高级管理人员所持公司股份及其变动的管理。 第三条 董事和高级管理人员所持公司股份，是指登记在其名下 ...

证券代码：603992 证券简称：松霖科技 公告编号：2025-088 债券代码：113651 债券简称：松霖转债 厦门松霖科技股份有限公司 关于第三届董事会第二十八次会议决议的公告 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 完整性承担个别及连带责任。 其变动管理规则>的议案》 表决结果：9票同意、0票弃权、0票反对 具 体 内 容 详 见 同 日 刊 载 于 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn）和指定媒体的制度全文《松霖科技：董事和 高级管理人员所持公司股份及其变动管理规则》。 1.2 审议通过了《关于修订<信息披露管理制度>的议案》 表决结果：9票同意、0票弃权、0票反对 重要内容提示： 厦门松霖科技股份有限公司（以下简称"公司"或"松霖科技"） 于2025年12月24日以通讯表决方式在公司会议室召开第三届董事会第二 十八次会议，本次会议通知于2025年12月19日以邮件方式发出。本次会 议由董事长周华松先生主持。会议应出席董事9人，实际出席会议的董事 9人，公司全体高级管理人员列席了会议。 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for future performance [4]. Core Insights - The company has a clear new growth curve, transitioning from traditional smart kitchen and bathroom products to the beauty and health sector, as well as robotics [4]. - The company is expected to see significant revenue growth in the beauty and health segment, with a projected income of 3.59 billion yuan in 2024, representing a year-on-year increase of 38.4% [2]. - The company is expanding its capabilities in the robotics field, particularly in care and logistics robots, which have received recognition from elder care institutions [3]. Summary by Sections Smart Kitchen and Bathroom Origin - The company started with smart kitchen and bathroom products, with a significant portion of its revenue coming from overseas markets, accounting for 75.1% of total revenue in 2024 [1][21]. - The company is set to enhance its production capacity with the launch of its Vietnam base, which is expected to significantly improve overseas order fulfillment [1]. High-Gross Margin Beauty and Health Products - The beauty and health product segment has a gross margin of 49.18% in 2024, which is over 15 percentage points higher than traditional smart kitchen products [2][42]. - The company is focusing on developing high-value beauty and health products, which are expected to drive overall profit margin improvements [2]. Robotics Development - The company has established a subsidiary focused on robotics, aiming to develop care and logistics robots, with initial contracts already signed for significant orders [3][49]. - The robotics division is leveraging the company's existing strengths in engineering and design to create a comprehensive product ecosystem [45][51]. Financial Projections and Investment Recommendations - The company is projected to achieve net profits of 2.13 billion yuan, 4.04 billion yuan, and 5.36 billion yuan from 2025 to 2027, with growth rates of -52.4%, +89.9%, and +32.8% respectively [4][58]. - The report anticipates that the company's earnings will recover post-2025 as the Vietnam base becomes fully operational, leading to improved sales and profitability [53][54].

证券代码：603992 证券简称：松霖科技 公告编号：2025-087 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于确认 2025 年度日常关联交易执行情况的公告 （二）2025 年日常关联交易的预计和执行情况 对 2025 年日常关联交易的预计和实际执行情况如下： 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 承担法律责任。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1.独立董事专门会议表决情况 2024 年 12 月 10 日，厦门松霖科技股份有限公司（以下简称"公 司"）第三届独立董事专门会议第二次会议审议了《关于预计 2025 年度日常性关联交易的议案》，并认为：公司与关联方发生的关联 交易均为公司日常经营活动所需，符合公司的实际情况，对公司财 务状况、经营成果不构成重大影响，公司的主要业务不会因此关联 交易而对关联方形成依赖；公司的关联交易依据公平、合理的定价 政策，参照市场价格确定关联交易价格，不会损害公司和广大中小 投资者的利益。因此，我们同意《关于预计 2025 年度日常性关 ...