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。 ...

证券日报网讯 12月23日，凯迪股份在互动平台回答投资者提问时表示，截至2025年12月19日，公司持 股人数为5837户。 （文章来源：证券日报） ...

Investment Rating - The report maintains a "Recommended" rating for the humanoid robot sector and the automotive industry [2][12]. Core Insights - The humanoid robot industry is accelerating from technology development to large-scale commercial application, with significant order growth from leading manufacturers [7]. - The first batch of L3 autonomous driving vehicles has received approval for conditional market entry, marking a critical step towards commercialization in China [10]. - The overall order volume for humanoid robots in 2025 is projected to exceed 30,000 units, with leading companies like UBTECH and UTree capturing significant market shares [6]. Summary by Sections Humanoid Robot Sector Market Performance - The Huaxin humanoid robot index fell by 1.47% this week, with a year-to-date return of 88.8% [21]. - The total order value for leading companies in the humanoid robot sector has surpassed 5 billion, with UBTECH's Walker series accounting for 1.3 billion [6][4]. Automotive Sector Market Performance and Valuation - The CITIC automotive index increased by 0.1%, outperforming the broader market by 0.4 percentage points [37]. - The automotive sector's PE ratio is at 31.8, positioned at the 36.4% percentile over the past four years, while the PB ratio is at 3.0, at the 96.3% percentile [54]. Industry Data Tracking - From December 1-14, the average daily retail of passenger vehicles in China decreased by 24% year-on-year, with total retail reaching 76.4 million units [60]. - The average price of rubber has increased, while prices for steel, copper, and aluminum have decreased [67]. Company Announcements - UBTECH has secured a strategic partnership with Texas Instruments, with total orders exceeding 1.3 billion [5]. - Moulding Technology has signed a procurement framework agreement for humanoid robot components, marking a significant step into the humanoid robot industry [74].

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry and humanoid robotics sector [2][4][6]. Core Insights - The humanoid robotics sector is expected to reach a pivotal point in the next one to two years, with significant advancements anticipated in the field of embodied intelligence [3][4]. - The automotive industry has achieved record monthly production and sales figures, with a notable increase in the production of new energy vehicles [5][6]. Summary by Sections Humanoid Robotics Sector - The Huaxin humanoid robotics index decreased by 0.94% this week, but has a cumulative return of 94.3% year-to-date [16]. - The sensor segment within the humanoid robotics sector showed positive performance, increasing by 1.1%, while other segments like actuators and reducers experienced declines [19]. - Key companies in the robotics sector, such as Zhongjian Technology and Zhongding Shares, saw significant stock price increases [24]. Automotive Sector - The CITIC automotive index rose by 0.1%, outperforming the broader market by 0.2% [32]. - The motorcycle and other segments within the automotive sector performed well, with a 1.6% increase, while automotive sales and services dropped by 3.5% [35]. - The automotive industry's PE ratio is at 31.8, placing it in the 36.4% percentile over the past four years, indicating a relatively stable valuation [48]. Key Companies and Profit Forecasts - Recommended companies include: - New Spring Co., Ltd. (EPS: 0.68, PE: 16.22, Rating: Buy) [8] - Shuanglin Co., Ltd. (EPS: 1.24, PE: 30.45, Rating: Buy) [8] - Jianghuai Automobile (EPS: 0.12, PE: 412.83, Rating: Buy) [8] - Other notable mentions include KaiDi Co., Ltd. and Kete Co., Ltd. [7][10].