Summary of Key Points from the Conference Call of Kaidi Co., Ltd. Company Overview - Kaidi Co., Ltd. focuses on linear drive systems, with product lines covering electric home appliances, height-adjustable desks, medical care equipment, and electric tailgates for vehicles, showcasing strong market competitiveness and deep technological accumulation [2][3][4] Core Industry Insights - The company performed exceptionally well during the pandemic, but has seen a decline in revenue and profit in recent years due to economic slowdowns in Europe and North America [2][5] - Increased market competition has led to a decrease in gross margins, although these margins are stabilizing and expected to recover as overseas production capacity is gradually utilized [2][5][6] Market Potential - The electric tailgate market is projected to experience explosive growth, with an expected global market size of $3 billion by 2030 and a compound annual growth rate (CAGR) of 80% [2][10] - The global new drive market is approximately $10 billion, with a CAGR of about 3%, while China's growth rate is close to 7% to 8% [2][7] - The electric height-adjustable desk market is anticipated to grow from $50 billion to $100 billion between 2024 and 2032, with a CAGR of 13%, and nearly 20% in China [2][8] Product Structure and Revenue - Major products include electric home appliances and height-adjustable desks, with a significant portion of revenue derived from overseas markets [2][6] - The company has established local production in North America to attract high-quality customers [6] Robotics and Technological Development - Kaidi is positioning itself in the robotics sector, driven by the upcoming release of Tesla's next-generation humanoid robot [3][4] - The company has a strong self-manufacturing capability in core components, which are essential for robotic linear joint modules [3][12] - Investments in partners like Huiying Power enhance the company's capabilities in reducer technology and joint module development [4][17][18] Competitive Advantages - Kaidi's complete self-owned industrial chain and 30 years of experience in electromechanical integration provide significant advantages in R&D speed and manufacturing cost [16][20] - The shift from hydraulic to electric drive systems in robotics is a notable trend, with Kaidi's technology supporting this transition [15][20] Future Outlook - The company is expected to maintain high growth potential due to its main business market trends and the emerging robotics sector [20] - Kaidi's strong technological foundation, high self-manufacturing rate, and collaborative partnerships will continue to enhance its competitive edge in the market [20]

华鑫证券研报指出，凯迪股份为线性驱动领导厂商，积极拓展人形机器人赛道。我国线性驱动行业的发 展始于21世纪初期，发展时间相对较短，海外企业占据全球70%以上市场份额，国产替代空间广阔。目 前公司已成为线性驱动领军企业，沙发电动推杆产品达到了30%以上的全球市场占有率。线性驱动市场 前景广阔，应用领域不断延伸。凭借强大技术研发实力赋能，以及多年来在线性驱动器方面的经验积 累，叠加自身全球化战略布局，公司有望成为具身智能赛道领先企业，开辟第二成长曲线。线性驱动市 场前景广阔，公司技术实力雄厚，积极切入人形机器人赛道，业绩有望逐步增长，维持"买入"投资评 级。 ...

证券之星消息，1月7日自动化设备板块较上一交易日上涨0.75%，安达智能领涨。当日上证指数报收于4085.77，上涨0.05%。深证成指报收于 14030.56，上涨0.06%。自动化设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688125 | 安达智能 | 170.08 | 20.00% | 2.32万 | 3.75亿 | | 301021 | 英诺激光 | 54.37 | 12.31% | 19.17万 | 9.92亿 | | 603015 | 弘讯科技 | 14.14 | 10.04% | - 20.65万 | 2.86亿 | | 605288 | 凯迪股份 | 96.49 | 10.00% | 1.97万 | 1.86亿 | | 688518 | 联赢激光 | 28.11 | 5.12% | 18.79万 | 5.24亿 | | 688025 | 杰普特 | 143.56 | 4.73% | 3.63万 | 5.17亿 | | 603275 | 众辰科技 | ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [2][6]. Core Insights - The company has been focused on linear drive systems for over 30 years and has achieved significant global expansion, becoming a leading player in the linear drive market with over 30% market share in electric sofa push rods [3][12]. - The linear drive market is expected to grow significantly, with a projected global market size of approximately $8.694 billion in 2025, reaching $10.38 billion by 2032, with a CAGR of 2.6% from 2026 to 2032 [4][50]. - The company is actively expanding into the humanoid robot sector, leveraging its strong technical capabilities in electromechanical integration [5][94]. Summary by Sections 1. Leading Company in Linear Drives - The company has established itself as a leader in the linear drive industry, with a focus on diverse application scenarios including smart homes, medical care, and automotive components [3][12]. - The company has a significant presence in North America and Europe, with a notable market share in electric sofa push rods [3][12]. 2. Broad Market Prospects for Linear Drives - The linear drive market is expanding into various fields, driven by global consumption upgrades and technological advancements [4][50]. - The smart home market is projected to grow to $173 billion by 2025, with a CAGR of 8.9% from 2022 to 2025 [58]. - The smart office market is expected to reach $51.63 billion in 2024, with a CAGR of 13.6% until 2029 [63]. 3. Strong Electromechanical Integration Capabilities - The company has developed a comprehensive vertical integration manufacturing system, allowing for in-house production of key components [5][94]. - The company is focusing on core motor technology and has made strategic investments in related fields such as gear reducers and joint modules [7][94]. 4. Profit Forecast and Rating - Revenue forecasts for 2025-2027 are projected at 1.378 billion, 1.530 billion, and 1.714 billion yuan respectively, with net profits expected to be 0.55 billion, 0.89 billion, and 1.11 billion yuan [6][8]. - The company is expected to gradually improve its profitability as overseas production capacity utilization increases and tariff impacts diminish [3][6].

中国经济网北京12月31日讯 凯迪股份（605288）(605288.SH)昨晚发布股东减持股份计划公告。 2021年，凯迪股份实现营业收入17.18亿元，同比增长35.11%；归母净利润1.17亿元，同比下降 32.43%；扣非净利润9236.67万元，同比下降42.56%。 截至公告披露日，凯迪股份实际控制人周殊程直接持有公司股份15,400,000股，占公司总股本的 21.7905%。上述股份来源于公司IPO前以及资本公积转增股本取得的股份，均已上市流通。 2022年，凯迪股份实现营业收入11.72亿元，同比下降31.80%；归母净利润4857.92万元，同比下降 58.33%；扣非净利润3811.50万元，同比下降58.74%。 周殊程因个人资产配置需要，拟自公告披露之日起15个交易日后的3个月内，通过大宗交易方式减持所 持公司股份，减持数量不超过1,413,400股，即不超过公司总股本的2%。减持价格按照减持实施时的市 场价格确定。若减持计划实施期间公司有资本公积金转增股本、送红股等股份变动事项，上述拟减持股 份数量可以进行相应调整。 2023年，凯迪股份实现营业收入12.34亿元，同比增长5.29 ...

Group 1 - Fenglong Co., Ltd. has no plans for restructuring or listing through the company in the next 36 months [1] - Wu Zhi Electromechanical's business in robotics and commercial aerospace accounts for approximately 1% of its main business revenue [1] Group 2 - Zhongse Co., Ltd.'s subsidiary plans to invest in a lead-zinc mining expansion project with a capacity of 1.65 million tons per year [1] - Tianyuan Co., Ltd.'s subsidiary intends to invest in a project to produce 100,000 tons of titanium dioxide via chlorination [1] Group 3 - Zhejiang Construction Investment's subsidiary signed a construction contract worth 1.8 billion yuan [1] - Jinpan Technology signed a contract worth approximately 696 million yuan for a data center project [1] - Shensi Electronics won a bid for the construction of low-altitude support facilities for the Jinan digital low-altitude flight management service platform [1] Group 4 - Yalake Co., Ltd. plans to acquire a 51% stake in Wukuang Salt Lake [1] - Shengxin Lithium Energy's subsidiary intends to acquire a 30% stake in Qicheng Mining [1] - Jiete Biological plans to acquire 70% of Jieke Membrane for 7.9199 million yuan [1] Group 5 - Baili Tianheng plans to repurchase shares worth 100 million to 200 million yuan [2] - Zhongju Gaoxin intends to repurchase shares worth 300 million to 600 million yuan [2] - Jiete Biological plans to repurchase shares worth 15 million to 30 million yuan [1][2] Group 6 - Zijin Mining expects a net profit increase of approximately 59% to 62% for the year 2025 [2] - Zongheng Co., Ltd. plans to raise no more than 548 million yuan through a private placement [2]

周殊程因个人资产配置需要，拟自公告披露之日起15个交易日后的3个月内，通过大宗交易方式减 持所持公司股份，减持数量不超过1,413,400股，即不超过公司总股本的2%。减持价格按照减持实施时 的市场价格确定。若减持计划实施期间公司有资本公积金转增股本、送红股等股份变动事项，上述拟减 持股份数量可以进行相应调整。 按照12月30日收盘价91.2元测算，周殊程套现金额约合1.29亿元。 中国经济网北京12月31日讯 凯迪股份(605288.SH)昨晚发布股东减持股份计划公告。 截至公告披露日，凯迪股份实际控制人周殊程直接持有公司股份15,400,000股，占公司总股本的 21.7905%。上述股份来源于公司IPO前以及资本公积转增股本取得的股份，均已上市流通。 2022年，凯迪股份实现营业收入11.72亿元，同比下降31.80%；归母净利润4857.92万元，同比下降 58.33%；扣非净利润3811.50万元，同比下降58.74%。 2023年，凯迪股份实现营业收入12.34亿元，同比增长5.29%；归母净利润1.08亿元，同比增长 121.39%；扣非净利润1.01亿元，同比增长164.50%。 2024年， ...

格隆汇12月30日丨凯迪股份(605288.SH)公布，公司实际控制人周殊程先生因个人资产配置需要，拟自 本公告披露之日起15个交易日后的3个月内，通过大宗交易方式减持所持公司股份，减持数量不超过 141.34万股，即不超过公司总股本的2%。减持价格按照减持实施时的市场价格确定。 ...

常州市凯迪电器股份有限公司 证券代码：605288 证券简称：凯迪股份 公告编号：2025-040 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 周殊程先生因个人资产配置需要，拟自本公告披露之日起 15 个交易日后的 3 个月内，通过大宗交易方式减持所持公司股份，减持数量不超过 1,413,400 股， 即不超过公司总股本的 2%。减持价格按照减持实施时的市场价格确定。若减持 计划实施期间公司有资本公积金转增股本、送红股等股份变动事项，上述拟减持 股份数量可以进行相应调整。 | 股东名称 | 周殊程 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | √是 | □否 | | | 直接持股 5%以上股东 | √是 | □否 | | | 董事、监事和高级管理人员 | √是 | □否 | | | 其他：无 | | | | 持股数量 | 15,400,000股 | | | 一、减持主体的基本情况 1 | 持股比例 | 21 ...

人民财讯12月30日电，凯迪股份（605288）12月30日公告，持股21.79%的实际控制人周殊程拟通过大 宗交易方式减持所持公司股份，减持数量不超过141.34万股，即不超过公司总股本的2%。减持价格按 照减持实施时的市场价格确定。 ...