分析师：卢正羽 证券执业证书号：S0640521060001 行业报告：先进制造行业周报 中航证券研究所发布 证券研究报告 请务必阅读正文后的免责条款部分 股市有风险 入市需谨慎 2025年7月14日 机器人催化不断，看好新一轮行情启动 行业评级：增持 分析师：邹润芳 证券执业证书号：S0640521040001 分析师：闫智 证券执业证书号：S0640524070001 中航先进制造——投资观点 n 重点推荐：信捷电气、北特科技、汉威科技、兆威机电、恒立液压、纽威股份、软通动力 n 重点跟踪行业——人形机器人： n 核心个股组合：信捷电气、北特科技、兆威机电、恒立液压、纽威股份、三花智控、双林股份、鸣志电器、五洲新春、莱斯信息、纳睿雷达、软通 动力、航锦科技、华伍股份、华阳集团、万马科技、绿的谐波、埃斯顿 n 本周专题研究： 近日人形机器人产业动态汇总：1）智元入主上纬新材，上纬新材控股股东将变更为智元机器人及其管理团队共同持股的主体；2） 智元机器人和宇树科技于 6 月 25 日成功中标中移（杭州）信息技术有限公司 2025 年至 2027 年人形双足机器人代工服务采购项目，该项目总标包 金额高达 1.2 ...

投资者参与新注册科创成长层股票的申购、交易，需签署《科创成长层风险揭示书》。 据东方财富Choice数据显示，具体来看，32家尚未摘"U"的存量公司包括： 泽璟制药、君实 生物、前沿生物、青云科技、和辉光电、精进电动、百济神州、迪哲医药、迈威生物、翱捷科 技、亚虹医药、首药控股、海创药业、云从科技、益方生物、奥比中光、盟科药业、诺诚健 华、信科移动、星环科技、裕太微、云天励飞、天智航、奇安信、寒武纪、亿华通、埃夫特、 慧智微、芯联集成、智翔金泰、盛科通信、中巨芯。 上交所发布《科创板上市公司自律监管指引第5号——科创成长层》（简称《科创成长层指引》。 上交所相关负责人在答记者问中表示，这次改革没有针对未盈利企业纳入科创成长层设置额外的上 市门槛， 存量32家未盈利企业将自指引发布实施之日起进入科创成长层，新注册的未盈利企业将自 上市之日起进入。 ...

【市场复盘】 本周四（7月10日），截至收盘，科创人工智能ETF华夏（589010）收跌0.40%，持仓股中科星图领跌 2.55%，合合信息下跌2.34%，寒武纪下跌2.15%；机器人ETF（562500）收跌0.36%，中大力德领跌 3.99%，埃夫特、燕麦科技跌幅超3%。当日交易金额4.96亿元，居相同标的ETF首位；换手3.50%，持 有稳健，韧性十足。资金流入方面，机器人ETF最新资金净流入0.56亿；拉长时间线来看，近10个交易 日内有7日资金净流入，合计"吸金"3.91亿元，居可比基金首位。 【热点要闻】 【热门ETF】 机器人ETF（562500）是全市场唯一规模破百亿、流动性最佳、覆盖中国机器人产业链最全的机器人主 题ETF，助力投资者一键布局中国机器人产业。 科创人工智能ETF华夏（589010）是机器人的大脑，20%涨跌幅+中小盘弹性，捕捉AI产业"奇点时 刻"。 （文章来源：每日经济新闻） 3、特斯拉申请在亚利桑那州凤凰城运营机器人出租车。与Waymo展开直接竞争。特斯拉曾被视为自动 驾驶的先驱，现在正在努力赶上Waymo。这两家公司在自动驾驶技术上有不同的做法。特斯拉声称， 选择主要使 ...

Group 1 - Company Junhe Precision expects a net profit of 49.3 million to 53 million yuan for the first half of 2025, representing a year-on-year increase of 46.61% to 57.61% [1] - Company Yingtan plans to reduce its shareholding by a total of 2.79%, with specific reductions from major shareholders and executives due to funding needs [1][2] - Company EFORT W.F.C. Holding plans to sell 22% of its stake in GME Aerospace for 6 million euros, reducing its ownership from 48.99% to 19.76% [2] - Company Huada Jiutian has terminated its major asset restructuring plans due to a lack of consensus on key terms among parties involved [3] - Company Shankai Intelligent is planning a change in control, leading to a temporary suspension of its stock trading [3] Group 2 - Company TCL Technology anticipates a revenue of 82.6 billion to 90.6 billion yuan for the first half of 2025, with a net profit increase of 81% to 101% [5][6] - Company TCL Zhonghuan expects a net loss of 4 billion to 4.5 billion yuan for the first half of 2025, worsening from the previous year [6] - Company Lvtianhua forecasts a net profit decline of 62.64% to 73.85%, estimating a profit of 3.5 million to 5 million yuan [8] - Company Zhongke Jincai expects a net loss of 75 million to 105 million yuan, representing a decline of 51.43% to 112% [9] - Company AVIC Heavy Machinery anticipates a net profit decrease of approximately 33.29% for the first half of 2025 [11] Group 3 - Company Jiangbolong reports that the National Integrated Circuit Industry Investment Fund has reduced its stake to below 5% [13] - Company Erlu Si plans to reduce its shareholding by up to 1% due to personal funding needs [14] - Company Zhonghua Rock intends to reduce its shareholding by up to 0.46% for personal funding reasons [15] - Company Jiekang Equipment plans to reduce its shareholding by up to 1% due to personal funding needs [15] - Company Jianzhijia's actual controller plans to increase its shareholding by 50,000 to 100,000 shares [16] Group 4 - Company Jinshi Resources has had a lawsuit terminated after the plaintiff withdrew their case, which had sought 90 million yuan in damages [18] - Company Huaye Fragrance plans to reduce its shareholding by up to 3% due to personal financial arrangements [19] - Company Zhaobiao plans to reduce its shareholding by a total of 0.54% due to personal funding needs [20] - Company Shenkai plans a full takeover offer at 16.13 yuan per share for 8659 million shares, representing 57.73% of its issued shares [21] - Company Suqian Liansheng plans to reduce its shareholding by a total of 6.03% due to personal funding needs [22]

7月9日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 2025.07. 09 【品大事】 五连板华光环能：公司生产经营活动一切正常 基本面没有发生重大变化 五连板华光环能(600475)发布股票交易风险提示公告称，近5个交易日公司股票累计换手率为 29.41%，接近30%，公司股票可能存在非理性炒作风险。截至目前，公司主要围绕环保与能源两大 领域开展设计咨询、设备制造、工程建设、运营管理、投资等一体化业务。公司生产经营活动一切正 常，内部生产经营秩序正常，基本面没有发生重大变化，主营业务结构未发生重大变化，内外部经营 环境未发生重大变化。 安德利：实控人之一王安向其女王萌转让所持BVI平安90%股权 安德利(605198)公告，公司控股股东China Pingan Investment Holdings Limited（BVI平安）近 期发生股权结构变动，实际控制人之一王安向其女王萌转让其持有的BVI平安90%的股权。此次转让 不涉及通过证券交易所的交易行为，控股股东、实际控制人及其一致行动人持有的公司股份数量、持 股比例及表决权均未发生变化。股权结构变动完成后，B ...

Group 1 - The company announced the sale of a 22% stake in GME for €6 million (approximately RMB 50.38 million), reducing its ownership from 48.99% to 19.76% [1] - GME, primarily engaged in automotive industrial automation in Latin America, has been facing continuous losses, with projected revenues of €32.66 million and a loss of €6.23 million for 2024 [1] - The decision to divest is part of the company's strategy to focus resources, reduce operational costs, and optimize asset structure amid increasing uncertainties in the Brazilian market [1][2] Group 2 - The transaction is expected to help the company's subsidiary WFC implement a focused strategy, lower overall operational costs, and enhance asset structure while reallocating resources to the European market [2] - The company has seen a significant increase in robot shipments, with a projected growth of over 30% year-on-year in 2024, benefiting from its penetration in the electronics manufacturing and general industrial sectors [2] - The company is advancing plans to build a super factory, aiming for an annual production capacity of 50,000 high-performance industrial robots in the first phase and 100,000 upon full completion [3] Group 3 - The company is employing strategies such as "following customers abroad" and leveraging partnerships to penetrate international markets, with established operations in Southeast Asia, Europe, and South America [3] - A collaboration memorandum was signed with Huawei Cloud to focus on intelligent robotics product upgrades and ecosystem cooperation [3]

本报告依据中国资产评估准则编制 埃夫特智能机器人股份有限公司 拟股权转让所涉及的 GME Aerospace Indústria de Material Composto S.A. 股东全部权益价值 资产评估报告 信资评报字（2025）第 2A0008 号 元信 上海立信资产评估有限公司 二〇二五年六月二十六日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3131020006202500925 | | | --- | --- | --- | | 合同编号: | HT-2025-0873 | | | 报告类型: | 法定评估业务资产评估报告 | | | 报告文号: | 信资评报字(2025)第2A0008号 | | | 报告名称: | 埃夫特智能机器人股份有限公司拟股权转让所涉及的GME | Aerospace Indústria de Material Composto S.A. 股东全部权 | | | 益价值资产评估报告 | | | 评估结论: | 27,100,000.00欧元 | | | 评估报告日 : | 2025年06月26日 | | | 评估机构名称: | 上海立信资产评估有限 ...

Meeting Details - The third meeting of the Supervisory Board of Efort Intelligent Equipment Co., Ltd. was held on July 9, 2025, with all five supervisors present [1][2] - The meeting was convened in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1] Agenda and Resolutions - The Supervisory Board reviewed and approved the proposal regarding the sale of part of the equity in the associated company GME by its wholly-owned subsidiary WFC [1] - The board concluded that the asset sale aligns with the company's overall strategic development plan and adheres to principles of fairness and voluntary agreement [1] - The pricing for the transaction was determined based on assessed value and mutual negotiation, ensuring no harm to the interests of the company and all shareholders, particularly minority shareholders [1] Voting Results - The proposal will be submitted for approval at the shareholders' meeting, with a voting result of 4 votes in favor, 0 against, and 0 abstentions [2]

证券代码：688165 证券简称：埃夫特 公告编号：2025-050 埃夫特智能机器人股份有限公司 关于召开2025年第四次临时股东大会的通知 ? 股东大会召开日期：2025年7月25日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 （一）股东大会类型和届次 （二）股东大会召集人：董事会 （三）投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 （四）现场会议召开的日期、时间和地点 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 召开日期时间：2025 年 7 月 25 日 15 点 30 分 召开地点：中国（安徽）自由贸易试验区芜湖片区万春东路 96 号埃夫特会 议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 7 月 25 日 至2025 年 7 月 25 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易 ...

证券代码：688165 证券简称：埃夫特 公告编号：2025-048 埃夫特智能机器人股份有限公司 关于全资子公司出售资产暨关联交易的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ? 交易简要内容：埃夫特智能机器人股份有限公司（以下简称"公司"）全资 子公 司 EFORT W.F.C. Holding S.p.A. （以下简称 "WFC"）拟将其持 有的 GME Aerospace Indústria de Material Composto S.A.（以下简称"GME"）22%股权作价 600 万欧元（折合人民币 5,037.96 万元，按照欧元对人民币汇率 8.3966 计算）出售给 Spectre S.r.l.（以下简称"Spectre"）。同时，Spectre 拟以此前向 GME 提供的股东 贷款 1,000 万欧元对 GME 定向增资。本次交易完成后，WFC 持有 GME 的股权 比例将由 48.99%下降为 19.76%。 ? 本次股权转让交易受让方 Spectre 的实际控制人 Erm ...