Group 1 - The core viewpoint of the articles highlights the active performance of the Robot ETF (562500), which rose by 1.43% and showed a clear structural differentiation among its constituent stocks, with 62 stocks rising and 11 falling [1] - The trading volume of the Robot ETF reached approximately 9.04 billion yuan, with over 900 million shares traded, indicating a vibrant market activity [1] - A strategic cooperation framework agreement was signed between Yongmaotai and 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 [1] Group 2 - Open Source Securities predicts that humanoid robots will gradually achieve industrialization from 2024, with multiple global companies increasing their investments in this sector, thereby accelerating the industrialization process [2] - The humanoid robot industry shares significant overlaps with the smart electric vehicle sector, particularly in intelligent perception and motion control, which are similar to smart driving logic [2] - The Robot ETF (562500) is the only robot-themed ETF in the market with a scale exceeding 20 billion yuan, covering various sub-sectors such as humanoid robots, industrial robots, and service robots, facilitating investors' access to the entire robot industry chain [2]

Core Viewpoint - The company, Hangzhou Kaierda Welding Robot Co., Ltd., anticipates a significant decline in net profit for the first three quarters of 2025 compared to the same period in 2024, while expecting a recovery in the third quarter of 2025 due to improved market conditions and product competitiveness [2][5]. Group 1: Performance Forecast - The company expects a net profit attributable to shareholders for the first three quarters of 2025 to be between 12.24 million and 13.26 million yuan, a decrease of 17.02 million to 16.00 million yuan from the previous year, representing a year-on-year decline of 58.17% to 54.68% [2]. - For the third quarter of 2025, the expected net profit attributable to shareholders is projected to be between 9.97 million and 10.80 million yuan, an increase of 4.22 million to 5.05 million yuan compared to the same period last year, reflecting a year-on-year increase of 73.25% to 87.69% [2]. - The net profit after deducting non-recurring gains and losses for the first three quarters of 2025 is expected to be between 5.78 million and 6.80 million yuan, a decrease of 15.97 million to 14.95 million yuan from the previous year, indicating a decline of 73.44% to 68.75% [2]. Group 2: Previous Year Performance - In the first three quarters of 2024, the company achieved a net profit attributable to shareholders of 29.27 million yuan and a net profit of 21.75 million yuan after deducting non-recurring gains and losses [4]. - The net profit for the third quarter of 2024 was 5.76 million yuan, with a net profit of 3.02 million yuan after deducting non-recurring gains and losses [4]. Group 3: Reasons for Performance Changes - The decline in net profit for the first three quarters of 2025 is attributed to increased investments in product competitiveness, leading to higher research and management expenses, as well as increased share-based payment expenses and inventory impairment provisions [5]. - The company anticipates a recovery in the third quarter of 2025 due to improved product competitiveness and a relative rebound in downstream market demand [5].

Performance Forecast - The company expects a net profit attributable to shareholders for the first three quarters of 2025 to be between 12.24 million and 13.26 million yuan, a decrease of 17.02 million to 16.00 million yuan compared to the same period last year, representing a year-on-year decline of 58.17% to 54.68% [1][2] - For the period of July to September 2025, the expected net profit attributable to shareholders is projected to be between 9.97 million and 10.80 million yuan, an increase of 4.22 million to 5.05 million yuan compared to the same period last year, indicating a year-on-year increase of 73.25% to 87.69% [1] Non-Recurring Profit Forecast - The company anticipates a net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters of 2025 to be between 5.78 million and 6.80 million yuan, a decrease of 15.97 million to 14.95 million yuan compared to the same period last year, reflecting a year-on-year decline of 73.44% to 68.75% [2] - For the third quarter of 2025, the expected net profit after deducting non-recurring gains and losses is projected to be between 8.61 million and 9.44 million yuan, an increase of 5.58 million to 6.41 million yuan compared to the same period last year, indicating a year-on-year increase of 184.66% to 212.14% [2] Previous Year Performance - In the first three quarters of 2024, the company achieved a net profit attributable to shareholders of 29.27 million yuan and a net profit of 21.75 million yuan after deducting non-recurring gains and losses [3] - In the third quarter of 2024, the net profit attributable to shareholders was 5.76 million yuan, with a net profit of 3.02 million yuan after deducting non-recurring gains and losses [3] Reasons for Performance Changes - The decline in net profit for the first three quarters of 2025 is attributed to increased investment in product competitiveness, leading to higher R&D and management expenses, as well as increased share-based payment expenses and inventory impairment provisions, alongside a decrease in interest income [3] - The recovery in performance for the third quarter of 2025 is linked to improved product competitiveness and a relative rebound in downstream market demand [3]

Core Viewpoint - The company Kailda has announced a significant decline in net profit for the first three quarters of 2025, while expecting a recovery in the third quarter due to improved market conditions and product competitiveness [1] Financial Performance - The expected net profit attributable to shareholders for the first three quarters of 2025 is projected to be between 12.24 million and 13.26 million, representing a decrease of 16.00 million to 17.02 million compared to the same period last year, which is a year-on-year decline of 54.68% to 58.17% [1] - For the third quarter of 2025, the anticipated net profit is between 9.97 million and 10.80 million, showing an increase of 4.22 million to 5.05 million compared to the same period last year, translating to a year-on-year growth of 73.25% to 87.69% [1] Reasons for Performance Changes - The primary reasons for the performance changes include increased investment in product competitiveness, leading to a significant rise in research and development expenses and management costs compared to the previous year [1] - Additional factors impacting the net profit for the first three quarters of 2025 include increased share-based payment expenses, higher provisions for inventory write-downs, and a decline in interest income compared to the previous year [1] Market Outlook - The company anticipates a recovery in performance for the third quarter of 2025, attributed to the gradual enhancement of product competitiveness and a relative rebound in downstream market demand [1]

Core Viewpoint - The company Kailda (688255.SH) anticipates a significant decline in net profit for the first three quarters of 2025 compared to the same period last year, with a projected decrease of 1,702.28 million to 1,600.26 million, representing a year-on-year decline of 58.17% to 54.68% [1] Financial Performance - The expected net profit attributable to shareholders for the first three quarters of 2025 is estimated to be between 12.24 million and 13.26 million [1] - The company has increased its investment in R&D and management expenses significantly, contributing to the decline in net profit [1] - Factors such as increased share-based payment expenses, inventory impairment provisions, and a decrease in interest income have negatively impacted the net profit for the first three quarters of 2025 [1] Market Outlook - In the third quarter of 2025, the company expects a recovery in performance due to improved product competitiveness and a relative rebound in downstream market demand [1]

Core Viewpoint - The company, Kailda (688255), anticipates a significant decline in net profit for the first three quarters of the year, with a projected decrease of 54.68% to 58.17% year-on-year, but expects a recovery in the third quarter due to improved product competitiveness and market demand [1] Financial Performance Summary - The estimated net profit for the first three quarters is between 12.24 million to 13.26 million yuan [1] - For the period from July to September, the expected net profit is between 9.97 million to 10.80 million yuan, reflecting a year-on-year increase of 73.25% to 87.69% [1] - The third quarter performance shows signs of recovery compared to the previous year, attributed to enhanced product competitiveness and a relative rebound in downstream market demand [1]

Core Viewpoint - The company, Kailda (688255.SH), anticipates a significant decline in net profit for the first three quarters of 2025 compared to the previous year, while expecting a recovery in the third quarter of 2025. Financial Performance Summary - The estimated net profit attributable to shareholders for the first three quarters of 2025 is projected to be between 12.24 million and 13.26 million, representing a decrease of 17.02 million to 16.00 million compared to the same period last year, which translates to a year-on-year decline of 58.17% to 54.68% [1] - For the third quarter of 2025, the expected net profit attributable to shareholders is estimated to be between 9.97 million and 10.80 million, indicating an increase of 4.22 million to 5.05 million compared to the same period last year, with a year-on-year growth of 73.25% to 87.69% [1] - The projected net profit excluding non-recurring gains and losses for the first three quarters of 2025 is expected to be between 5.78 million and 6.80 million, reflecting a decrease of 15.97 million to 14.95 million year-on-year, which corresponds to a decline of 73.44% to 68.75% [1] - For the third quarter of 2025, the estimated net profit excluding non-recurring gains and losses is projected to be between 8.61 million and 9.44 million, showing an increase of 5.58 million to 6.41 million compared to the same period last year, with a year-on-year rise of 184.66% to 212.14% [1] Investment and Market Strategy - In the first nine months of 2025, the company has increased investments to enhance product competitiveness, leading to significant year-on-year growth in research and development expenses and management expenses [2] - Factors such as increased share-based payment expenses, inventory impairment provisions, and a decline in interest income have notably impacted the net profit for the first three quarters of 2025 [2] - The company expects a recovery in performance in the third quarter of 2025 due to improved product competitiveness and a relative rebound in downstream market demand [2]

[Overall Performance Forecast for Q1-Q3 2025](index=1&type=section&id=业绩预告概览) Hangzhou Kelda Welding Robot Co., Ltd. forecasts a significant year-on-year decline in Q1-Q3 2025 net profit, but a strong recovery in Q3 driven by improved product competitiveness and market demand [Current Period Performance Forecast](index=1&type=section&id=一、本期业绩预告情况) The company anticipates a substantial year-on-year decline in Q1-Q3 net profit, yet a robust rebound in the third quarter [Performance Forecast Period](index=1&type=section&id=(一)%20业绩预告期间) - This performance forecast covers the period from **January 1, 2025, to September 30, 2025**[2](index=2&type=chunk) [Performance Forecast Details](index=1&type=section&id=(二)%20业绩预告情况) 2025 Q1-Q3 and Q3 Performance Forecast | Metric | Q1-Q3 2025 (Estimated, CNY 10,000) | Year-on-Year Change (Estimated) | Q3 2025 (Estimated, CNY 10,000) | Year-on-Year Change (Estimated) | | :------------------------------------------------ | :-------------------------------- | :------------------------------------------------ | :-------------------------------- | :------------------------------------------------ | | Net Profit Attributable to Shareholders | 1,224.32 - 1,326.34 | Decrease 1,702.28 - 1,600.26 (Decline 58.17% - 54.68%) | 997.28 - 1,080.38 | Increase 421.65 - 504.75 (Growth 73.25% - 87.69%) | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 577.75 - 679.77 | Decrease 1,597.18 - 1,495.16 (Decline 73.44% - 68.75%) | 860.63 - 943.73 | Increase 558.29 - 641.39 (Growth 184.66% - 212.14%) | [Audit Status](index=1&type=section&id=(三)%20本次业绩预告未经注册会计师审计) - This performance forecast has not been audited by a certified public accountant[3](index=3&type=chunk) [Prior Period Performance](index=1&type=section&id=二、上年同期业绩情况) Statutory financial data for Q1-Q3 2024 is provided for comparative analysis against the current performance forecast 2024 Q1-Q3 and Q3 Performance (Statutory Disclosure) | Metric | Q1-Q3 2024 (Statutory, CNY 10,000) | Q3 2024 (Statutory, CNY 10,000) | | :------------------------------------------------ | :-------------------------------- | :-------------------------------- | | Net Profit Attributable to Shareholders | 2,926.60 | 575.63 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 2,174.93 | 302.34 | [Main Reasons for Performance Change](index=2&type=section&id=三、本期业绩变化的主要原因) Q1-Q3 performance decline is attributed to increased expenses and non-recurring items, with Q3 recovery driven by product competitiveness and market demand - Reasons for performance decline in January-September 2025: - To enhance product market competitiveness, the company continuously increased investment, leading to significant year-on-year growth in **R&D expenses and management expenses**[6](index=6&type=chunk) - **Share-based payment expenses and inventory impairment provisions** increased year-on-year[6](index=6&type=chunk) - **Interest income decreased** year-on-year[6](index=6&type=chunk) - Reasons for performance recovery in Q3 2025: - The company's **product competitiveness gradually improved**[6](index=6&type=chunk) - **Downstream market demand relatively recovered**[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=四、风险提示) This performance forecast is preliminary and unaudited, thus investors are cautioned regarding associated investment risks - The company has not identified any significant uncertainties affecting the accuracy of this performance forecast[7](index=7&type=chunk) - This performance estimate is a preliminary calculation by the company's finance department based on its professional judgment and has not been audited by a certified public accountant[7](index=7&type=chunk) [Other Explanatory Notes](index=2&type=section&id=五、其他说明事项) Preliminary forecast data will be superseded by the official Q3 2025 report, urging investors to exercise caution - The forecast data is only preliminary; the specific and accurate financial data will be subject to the company's officially disclosed **Q3 2025 report**[8](index=8&type=chunk) - Investors are kindly advised to pay attention to investment risks[8](index=8&type=chunk)

Core Viewpoint - The company expects a significant decline in net profit for the first three quarters of 2025, with estimates ranging from 12.24 million to 13.26 million yuan, representing a year-on-year decrease of 58.17% to 54.68% [1] Financial Performance - The estimated net profit for the third quarter of 2025 is projected to be between 9.97 million and 10.80 million yuan, showing a year-on-year increase of 73.25% to 87.69% [1] - The increase in research and management expenses, along with higher share-based payment costs and inventory impairment provisions, negatively impacted the net profit for the first three quarters of 2025 [1] Market Dynamics - The company has been increasing its investment to enhance product competitiveness, which has led to a significant rise in R&D and management expenses compared to the previous year [1] - The recovery in performance for the third quarter of 2025 is attributed to improved product competitiveness and a relative rebound in downstream market demand [1]

Core Viewpoint - During the "14th Five-Year Plan" period, China's manufacturing industry is accelerating towards high-end, intelligent, and green development, with industrial robots becoming a key engine for industrial upgrading, as exemplified by Hangzhou Kaierda Welding Robot Co., Ltd. (hereinafter referred to as "Kaierda") [1] Group 1: Capital Empowerment - Kaierda officially listed on the Sci-Tech Innovation Board on October 25, 2021, marking a significant milestone in its development [2] - The company has utilized capital market support to optimize its capital structure and reduce financial risks, allowing for increased investment in R&D, market expansion, and production capacity [2] - The gradual implementation of IPO fundraising projects during the "14th Five-Year Plan" has led to significant changes, including the completion of the "Intelligent Welding Robot Production Line Construction Project" in 2023, enhancing production efficiency and scale [2] Group 2: Technical Breakthrough - A series of policies during the "14th Five-Year Plan" have driven technological innovation and industrialization in industrial robots, with domestic companies making breakthroughs in core components such as controllers and servo motors [4] - Kaierda has increased R&D investment, focusing on high-end welding technology and core industrial robot technology, accumulating 172 intellectual property rights, including 50 invention patents by June 30 of this year [4] - The company launched a new generation of industrial robot controllers, KC30, in 2023, significantly improving performance metrics such as speed and stability while reducing production costs [5] Group 3: Strategic Shift - Kaierda has identified humanoid robots as a new strategic direction, investing in key components and rapidly entering the industry to form a collaborative industrial chain [6] - The company invested 33 million yuan in June 2024 to acquire a 17.82% stake in Jingzhi Technology, which specializes in robotics dynamics analysis and control system design [6] - Kaierda's humanoid robot strategy focuses on enhancing its technological position in the supply chain, quickly entering niche markets through investments, and promoting technology transfer aligned with its core business [7]