格隆汇10月9日丨兰剑智能(688557.SH)公布，截至2025年9月30日，公司通过上海证券交易所交易系统 以集中竞价交易方式累计回购股份341,095股，占公司总股本的比例为0.33%，回购成交的最高价为 38.47元/股，最低价为32.61元/股，支付的资金总额为人民币1199.84万元（不含印花税、交易佣金等交 易费用）。 ...

每经AI快讯，兰剑智能（SH 688557，收盘价：38.5元）10月9日晚间发布公告称，截至2025年9月30 日，公司通过上海证券交易所交易系统以集中竞价交易方式累计回购股份约34万股，占公司总股本约 1.03亿股的比例为0.33%，回购成交的最高价为38.47元/股，最低价为32.61元/股，支付的资金总额为人 民币1199.84万元。 2024年1至12月份，兰剑智能的营业收入构成为：智能制造占比92.93%，智能仓储物流自动化系统服务 占比6.95%，其他业务占比0.12%。 每经头条（nbdtoutiao）——与美元脱钩后，暴涨102倍，揭秘黄金疯涨背后神秘的"无形之手"！专家： 推动金价上涨的逻辑没有变 （记者 曾健辉） 截至发稿，兰剑智能市值为40亿元。 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2025-044 兰剑智能科技股份有限公司 一、回购股份的基本情况 2025 年 5 月 29 日，兰剑智能科技股份有限公司（以下简称"公司"）控股股 东、实际控制人、董事长吴耀华先生提议公司以公司自有资金通过集中竞价交易 方式实施股份回购，在未来适宜时机用于员工持股计划或股权激励。公司于 2025 年 6 月 5 日召开第五届董事会第八次会议，审议通过了《关于以集中竞价交易方 式回购公司股份方案的议案》，同意公司使用不低于人民币 1000 万元，不超过人 民币 2000 万元的自有资金，以不超过 41.88 元/股（含）的回购价格，回购公司 股份并在未来适宜时机用于员工持股计划或股权激励，回购期限为自董事会审议 通过回购方案之日起 12 个月内。具体内容详见公司分别于 2025 年 6 月 6 日和 2025 年 6 月 13 日在上海证券交易所网站（www.sse.com.cn）披露的《关于以集 中竞价交易方式回购股份的预案》（公告编号：2025-022）和《关于以集中竞价 交易方式回购股份的回购报告书》（公告编号：2025-024）。 二、回购股份的 ...

兰剑智能今年以来股价涨105.94%，近5个交易日涨1.62%，近20日涨2.92%，近60日涨31.53%。 资料显示，兰剑智能科技股份有限公司位于山东省济南市高新区龙奥北路909号海信龙奥九号1号楼19 层，成立日期2001年2月23日，上市日期2020年12月2日，公司主营业务涉及从事智能仓储物流自动化系 统的研发、设计、生产、销售及服务。主营业务收入构成为：机器人智慧物流系统94.22%，运营维护 服务3.43%，代运营2.28%，其他(补充)0.07%，技术咨询规划服务0.01%。 10月9日，兰剑智能盘中上涨2.05%，截至10:58，报38.80元/股，成交5077.88万元，换手率1.30%，总市 值39.84亿元。 分红方面，兰剑智能A股上市后累计派现1.45亿元。近三年，累计派现9492.59万元。 资金流向方面，主力资金净流入440.71万元，特大单买入190.35万元，占比3.75%，卖出457.78万元，占 比9.02%；大单买入1668.93万元，占比32.87%，卖出960.79万元，占比18.92%。 兰剑智能所属申万行业为：机械设备-通用设备-其他通用设备。所属概念板块包括： ...

新华社济南10月2日电（记者邵鲁文）如何进一步优化人形机器人产品的内部走线、怎么提升机器人的 自主性、运动控制算法如何继续升级……国庆假期，山东优宝特智能机器人有限公司技术负责人刘工在 休假之余，仍不时会思考这些问题。 "随着物联网、大数据、人工智能等技术的快速发展，以及在物流仓储领域的深入应用，各行业对发展 智能仓储需求很大，这对仓储机器人的训练提出了更高要求。"兰剑智能研发中心视觉与算法负责人马 文凯说。 "最初的智能装卸车机器人，需要所有货箱摆放整齐才能更好装卸货物。现在，我们升级的产品，对随 意摆放的货箱、凹陷的货箱、旁边有遮挡的货箱，都能实现精准抓取。"马文凯说，借助工程师的训 练，机器人的"眼睛"看得更清楚，"下手"也更准了。 在此前结束的2025世界人形机器人运动会上，优宝特公司研发的机器人"行者泰山"在100米表演赛中取 得第一名、4X100米接力赛获得第三名。"有了成绩，但也看到了未来进步的空间，我们要马不停蹄地 对产品进行各方面的优化测试。"刘工说。 2025世界机器人大会发布的数据显示，2024年，我国工业机器人市场销量达30.2万套，连续12年保持全 球最大工业机器人市场。庞大的市场需 ...

Core Insights - The 7th China Graduate Robotics Innovation Design Competition has opened in Jinan, showcasing the city's strength in the robotics industry and its connection to top innovation forces nationwide [1][3][12] - Jinan's robotics industry has established a robust ecosystem, with 113 related enterprises and a core industry scale of 15 billion yuan, capturing nearly half of Shandong Province's market share [6][17] - The city aims to become a new highland for robotics development in the Yellow River Basin, focusing on heavy-duty industrial robots, special operation robots, and humanoid robots [17][18] Industry Development - Jinan's robotics industry has evolved from a few companies a decade ago to a competitive landscape, supported by precise policies and deep integration of scenarios [8][10] - The city has implemented a comprehensive policy system to nurture the robotics industry, including a 5 billion yuan industry development fund and a unique "three lists" mechanism to match demand and supply across various sectors [9][10] - The average R&D investment intensity of Jinan's robotics companies is 18.7%, exceeding the national manufacturing average by 11 percentage points, fostering innovation in humanoid and special robots [10][15] Talent and Technology - The competition serves as a platform to attract young talent, with over 200 job openings and nearly 1,000 graduate students participating, enhancing Jinan's talent pool [14][15] - The event accelerates technology iteration in the industry, with collaborations between universities and companies leading to practical applications of advanced technologies [14][15] - Jinan's focus on integrating talent, education, and industry aims to create a synergistic ecosystem that supports continuous innovation and development in robotics [10][15] Future Outlook - The robotics industry is projected to grow to 400 billion yuan during the 14th Five-Year Plan period, with Jinan positioned as a key player in this expansion [17] - The city is committed to building a "six-haves" industrial ecosystem, targeting comprehensive development in talent, technology, products, scenarios, applications, and carriers [17][18] - With the establishment of a 5 billion yuan industry fund and the acceleration of resource flow within the robotics industry alliance, Jinan is set to advance rapidly in the robotics sector [18]

9月30日，兰剑智能盘中上涨2.02%，截至09:52，报38.41元/股，成交1870.78万元，换手率0.48%，总市 值39.44亿元。 资金流向方面，主力资金净流入322.89万元，特大单买入0.00元，占比0.00%，卖出227.52万元，占比 12.16%；大单买入762.40万元，占比40.75%，卖出211.99万元，占比11.33%。 兰剑智能所属申万行业为：机械设备-通用设备-其他通用设备。所属概念板块包括：快递概念、智慧物 流、小盘、跨境电商、机器人概念等。 截至6月30日，兰剑智能股东户数5605.00，较上期减少4.76%；人均流通股18235股，较上期增加 5.00%。2025年1月-6月，兰剑智能实现营业收入6.23亿元，同比增长19.54%；归母净利润4136.26万元， 同比增长11.89%。 分红方面，兰剑智能A股上市后累计派现1.45亿元。近三年，累计派现9492.59万元。 机构持仓方面，截止2025年6月30日，兰剑智能十大流通股东中，鹏华碳中和主题混合A（016530）位 居第八大流通股东，持股131.71万股，为新进股东。 责任编辑：小浪快报 兰剑智能今年以来股价 ...

9月29日，兰剑智能盘中上涨2.04%，截至10:14，报38.05元/股，成交2644.50万元，换手率0.69%，总市 值39.07亿元。 分红方面，兰剑智能A股上市后累计派现1.45亿元。近三年，累计派现9492.59万元。 资金流向方面，主力资金净流入292.36万元，特大单买入137.24万元，占比5.19%，卖出203.53万元，占 比7.70%；大单买入790.07万元，占比29.88%，卖出431.42万元，占比16.31%。 机构持仓方面，截止2025年6月30日，兰剑智能十大流通股东中，鹏华碳中和主题混合A（016530）位 居第八大流通股东，持股131.71万股，为新进股东。 兰剑智能今年以来股价涨101.96%，近5个交易日跌1.19%，近20日涨3.34%，近60日涨24.22%。 责任编辑：小浪快报 资料显示，兰剑智能科技股份有限公司位于山东省济南市高新区龙奥北路909号海信龙奥九号1号楼19 层，成立日期2001年2月23日，上市日期2020年12月2日，公司主营业务涉及从事智能仓储物流自动化系 统的研发、设计、生产、销售及服务。主营业务收入构成为：机器人智慧物流系统94.22% ...

Group 1: Strategy Observation - The report highlights a recovery in the prices of domestic cyclical goods and an improvement in service consumption, particularly in first-tier cities where real estate sales have shown significant growth [1][11] - The construction demand has marginally improved, supported by ongoing anti-involution policies in industries like steel and coal, leading to price increases in coal, steel, and glass [1][11] - Service consumption has seen a month-on-month increase, with tourism in Hainan showing signs of recovery and a substantial rebound in movie box office revenues due to new film releases [1][11] Group 2: Downstream Consumption - Real estate sales in 30 major cities increased by 20.3% year-on-year, with first-tier cities seeing a 68.8% increase in transaction area [2][12] - Retail sales of passenger vehicles grew by 1.0% year-on-year, with a slight easing of price pressures in the car market [2][12] - The service consumption index in Hainan rose by 1.3% month-on-month, and movie box office revenues surged by 364.6% month-on-month and 149.0% year-on-year [2][12] Group 3: Midstream Manufacturing - Construction demand has shown slight improvement, with policies supporting steady growth in the steel industry leading to minor price increases [3][13] - Manufacturing activity has generally improved, with increased operating rates in sectors like automotive and chemicals [3][13] - Long-distance passenger transport demand has improved, with logistics activity also showing a month-on-month increase [3][13] Group 4: Upstream Resources - Coal prices have risen by 3.5% due to tight supply and pre-holiday stockpiling needs [3][13] - Industrial metal prices are under pressure due to weak domestic demand and hawkish signals from the U.S. Federal Reserve [3][13] Group 5: Company-Specific Insights on Supermicro - Supermicro is positioned uniquely in the market, combining independent product development with custom manufacturing capabilities, distinguishing it from traditional OEM and ODM models [5][26] - The company is expected to see significant revenue growth, with projected total revenues of $31.82 billion, $38.44 billion, and $49.55 billion for 2026E to 2028E [5][25] - Supermicro's product performance is notable, with its AI server product line keeping pace with chip updates, and it actively collaborates with the open-source community to optimize AI cluster software [5][27]

Investment Rating - The report assigns a rating of "Accumulate" to the company with a target price of 45.30 CNY, while the current price is 37.48 CNY [5]. Core Insights - The company has a rich downstream scenario and outstanding capability for intelligent implementation, with high long-term investment in R&D and rapid order growth, indicating that performance is expected to enter a sustained release period [2]. Financial Summary - Total revenue is projected to grow from 976 million CNY in 2023 to 2,672 million CNY in 2027, with a compound annual growth rate (CAGR) of approximately 20.8% [4]. - Net profit attributable to the parent company is expected to increase from 110 million CNY in 2023 to 283 million CNY in 2027, reflecting a CAGR of about 27.3% [4]. - The earnings per share (EPS) is forecasted to rise from 1.08 CNY in 2023 to 2.75 CNY in 2027 [4]. Revenue Forecast and Valuation - The company’s revenue is expected to grow significantly, with a projected increase of 30% in 2025, 40% in 2026, and 20% in 2027 for its core business [14]. - The report uses a price-to-earnings (PE) ratio of 30x for 2025, leading to a target price of 45.3 CNY per share [17]. Business Model and Market Position - The company operates in the intelligent logistics sector, focusing on smart robots and comprehensive logistics solutions, and is one of the few in the industry with self-developed hardware and software capabilities [19][22]. - The company has established a strong market presence with a significant increase in orders, achieving 15 billion CNY in new orders in the first half of 2025, a 96% year-on-year growth [23][14]. R&D and Technological Investment - The company maintains a high level of R&D investment, with a research expense ratio consistently above 8% since 2020, and 10.33% in the first half of 2025 [40][4]. - The focus areas for R&D include intelligent algorithms, digital twins, and 3D visual recognition technologies [10]. Financial Performance - The company has demonstrated strong financial performance, with revenue growing from 151 million CNY in 2017 to 1,207 million CNY in 2024, representing a CAGR of 34.6% [29]. - The net profit has also seen substantial growth, increasing from 5 million CNY in 2017 to 112 million CNY in 2024, with a CAGR of 54.6% [29].