Core Viewpoint - Yongmaotai (605208.SH) has signed a strategic cooperation framework agreement with a leading domestic humanoid robot company to explore collaboration in the field of embodied intelligent robot actuators and joint components, aiming to set global industry standards and promote the development of standardized products [1][2] Group 1 - The cooperation aims to leverage both parties' industry and brand advantages to develop cost-effective embodied intelligent robot actuators and joint components [1] - The agreement does not specify any investment amount and has not yet generated related revenue [1] - The company currently has a small revenue share from its robotics business, indicating potential growth opportunities in this sector [1] Group 2 - The company is a major player in the production of recycled aluminum alloys and automotive components, actively expanding into the robotics parts sector [2] - The strategic cooperation is aligned with the company's development strategy and national industrial policies, facilitating the integration of advantages between the company and its partner [2] - This collaboration is expected to accelerate the application of magnesium-aluminum alloy materials and components in the robotics field, particularly in the automotive industry [2]

格隆汇10月17日丨永茂泰(605208.SH)公告称，公司与国内某头部人形机器人企业签订《战略合作框架 协议》，双方将基于产业发展的战略性思考与各自产业&品牌优势，在具身智能机器人执行器及关节零 部件领域进行深入合作探索，共同推出极具性价比的相关产品并制定行业标准。该协议的签署预计将有 效整合公司与合作方的优势，加快公司产品在机器人领域的拓展，但具体合作事项及实施进展存在不确 定性，且机器人行业未来普及消费存在不确定性，双方合作受多种因素影响，存在极大不确定性。目前 公司机器人业务收入占比较小，该协议不涉及具体投资金额，短期内不会对公司收入结构产生较大变 化，未来需求量与合作具有不确定性。 ...

Core Viewpoint - Yongmaotai (605208) has signed a strategic cooperation framework agreement with a leading domestic humanoid robot company to explore collaboration in the field of embodied intelligent robot actuators and joint components, aiming to establish global industry standards and promote the development of standardized products [1] Group 1: Strategic Cooperation - The agreement focuses on jointly launching cost-effective embodied intelligent robot actuators and joint components [1] - The collaboration aims to achieve "complementary advantages and strong alliances" to seize future industry opportunities [1] - The partnership intends to leverage disruptive technologies and ecological cooperation models to drive future industry development [1] Group 2: Financial Implications - Currently, the company's robot business revenue accounts for a small proportion of its overall income [1] - The signed agreement does not involve specific investment amounts and has not yet generated related revenue [1] - There will be no significant changes in the company's revenue structure in the short term, and future demand and cooperation remain uncertain [1]

证券代码：605208 证券简称：永茂泰 公告编号：2025-068 上海永茂泰汽车科技股份有限公司 关于签署战略合作框架协议的公告 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法律责任。 重要内容提示： 履约的重大风险及不确定性：本次签订的《战略合作框架协议》系双方 为加强战略合作而订立的框架性协议，仅作为双方合作意愿和基本原则的框架性、 意向性的初步约定，具体合作事项及实施进展存在不确定性，敬请广大投资者注 意投资风险。 本次签订的《战略合作框架协议》系公司在机器人领域的重要布局，今 年以来，虽然机器人行业呈现蓬勃发展态势，但机器人未来大规模普及消费尚存 在不确定性，且双方未来合作受技术认证流程、生产进程、市场竞争及宏观经济 形势等因素影响，存在极大的不确定性，请投资人注意风险。 目前公司机器人业务收入占比较小，本次签订的《战略合作框架协议》 不涉及具体的投资金额，暂未产生相关收入。公司短期内收入结构不会存在较大 变化，未来需求量与合作具有不确定性，请投资人注意风险。 对上市公司当年业绩的影响：本次相关协议的签署对公司业务和经营的 ...

Core Insights - The company has signed a strategic cooperation framework agreement with a leading domestic humanoid robot enterprise to explore collaboration in the field of embodied intelligent robot actuators and joint components [1][2] - The partnership aims to develop cost-effective embodied intelligent robot actuators and joint components, establish global industry standards, and promote the research and application of standardized products [1] - Currently, the company's revenue from the robotics business is relatively small, and the agreement does not specify any investment amount or generate related income at this time [1] Company Overview - The company is a large-scale domestic producer of recycled aluminum alloys and automotive components, actively expanding into the robotics parts sector [2] - The strategic cooperation is aligned with the company's development strategy, overall business layout, and national industrial policies, aiming to integrate advantages and accelerate the expansion of magnesium-aluminum alloy materials and components in the robotics field [2] - This collaboration is expected to further promote the application of robotics in the automotive industry, aligning with the company's strategic planning and overall shareholder interests [2]

永茂泰公告，公司与国内某头部人形机器人企业签订《战略合作框架协议》。合作主要内容包括产研端 合作、打造标杆型产业应用项目和超级供应链平台。双方将共同推出新材料具身智能机器人执行器及关 节零部件，打造全方位具身智能示范应用新范式，共同制定行业标准，推动研发及应用落地。本次协议 的签署对公司业务和经营的独立性不产生影响，不会对公司当年经营业绩产生重大影响。 ...

永茂泰公告，公司与国内某头部人形机器人企业签订《战略合作框架协议》。合作主要内容包括产研端 合作、打造标杆型产业应用项目和超级供应链平台。双方将共同推出新材料具身智能机器人执行器及关 节零部件，打造全方位具身智能示范应用新范式，共同制定行业标准，推动研发及应用落地。本次协议 的签署对公司业务和经营的独立性不产生影响，不会对公司当年经营业绩产生重大影响。 ...

Investment Rating - The report maintains a positive outlook on the aluminum recycling industry, driven by resource supply security and dual carbon goals, indicating a favorable investment environment for recycled aluminum [1]. Core Insights - The recycled aluminum industry is becoming a significant growth area in China's aluminum supply, with an expected production of approximately 10.5 million tons in 2024, accounting for about 19% of total aluminum supply. The target is to exceed 15 million tons by 2027, reflecting a CAGR of 13% from 2024 to 2027 [2][11]. - The demand for resource supply security is increasing, with recycled aluminum seen as a key solution to reduce reliance on imported bauxite, which had a dependency rate of over 77.6% in the first eight months of 2025. The domestic supply of recycled aluminum is primarily sourced from social waste aluminum, which is expected to exceed 80% in 2024 [2][4]. - The dual carbon constraints and the establishment of a carbon market are accelerating the visibility of the green premium associated with recycled aluminum. The carbon emissions from producing one ton of electrolytic aluminum are approximately 11.2 tons, while recycled aluminum only emits 0.23 tons, making it a significantly lower carbon option [2][4]. - The potential of urban mining is substantial, with accelerated development of recycling systems. Policies are being implemented to support small recycling enterprises, and a national recycling platform is being established to enhance the recycling infrastructure [2][5]. Summary by Sections 1. Recycled Aluminum as a Key Supply Source - Recycled aluminum, derived from waste aluminum through melting and refining, is a crucial component of the aluminum supply chain, with a short industrial chain and high recovery value [2][11]. - The industry is expected to grow significantly, with a target of 15 million tons by 2027, supported by government policies promoting high-quality development in the aluminum sector [2][11]. 2. Resource Supply Security and Dual Carbon Goals - The increasing demand for resource supply security positions recycled aluminum as a critical strategy to mitigate reliance on foreign bauxite, especially as domestic bauxite reserves are limited [2][4]. - The green value of recycled aluminum is becoming more apparent, with the anticipated tightening of carbon quotas in the national carbon market expected to drive up carbon prices and enhance the green premium for recycled products [2][4]. 3. Urban Mining Potential and Recycling System Development - The recycling system is being rapidly developed, with policies favoring small recycling enterprises and the establishment of a national recycling platform to improve the efficiency of aluminum recovery [2][5]. - The peak of automobile scrappage is expected to occur around 2026, which will significantly increase the supply of waste aluminum, alleviating raw material bottlenecks [2][5]. 4. Investment Recommendations - The report suggests focusing on companies with high raw material security, advanced recycling technologies, and the ability to produce high-premium products, such as Ming Tai Aluminum, Shunbo Alloy, Yiqiu Resources, Lizhong Group, and Yongmaotai [2][3].

证券代码：605208 证券简称：永茂泰 公告编号：2025-066 上海永茂泰汽车科技股份有限公司 职工代表大会决议公告 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。 上海永茂泰汽车科技股份有限公司（以下简称"公司"）职工代表大会于2025年10月15日召开，本次会议 的召集、召开和表决程序符合职工代表大会的相关规定。经与会职工代表民主讨论，本次会议以书面投 票表决方式审议通过以下议案： 一、审议通过《关于选举张志为第三届董事会职工代表董事的议案》。 根据中国证监会2024年12月27日发布的《关于新〈公司法〉配套制度规则实施相关过渡期安排》及2025 年修订发布的《上市公司治理准则》《上市公司章程指引》和上海证券交易所2025年修订发布的《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1号一规范运作》等相关规定， 上海永茂泰汽车科技股份有限公司（以下简称"公司"）对《公司章程》进行了修订，并提交2025年9月 17日召开的2025年第二次临时股东会审议通过。 根据修订后的《公司章程》，公司应当在董事 ...

（文章来源：证券日报） 证券日报网讯 10月15日晚间，永茂泰发布公告称，公司于2025年10月15日召开职工代表大会，选举张 志为第三届董事会职工代表董事。 ...