Group 1 - Zhejiang Haideman Intelligent Equipment Co., Ltd. experienced a stock price increase of 5.23%, reaching 103.08 CNY per share, with a trading volume of 197 million CNY and a turnover rate of 1.79%, resulting in a total market capitalization of 11.471 billion CNY [1] - The company, established on March 17, 1993, and listed on September 16, 2020, specializes in the research, design, production, and sales of CNC lathes, with revenue composition as follows: high-end CNC lathes 70.99%, popular CNC lathes 12.36%, automated production lines 12.34%, parts and others 2.67%, and parallel composite processing centers 1.64% [1] Group 2 - According to data from the top ten holdings of funds, one fund under Huaxia Fund has a significant position in Zhejiang Haideman. Huaxia Panrui One-Year Open Mixed A (009837) increased its holdings by 6,827 shares in the second quarter, holding a total of 135,300 shares, which accounts for 5.63% of the fund's net value, making it the largest holding [2] - The fund has a current scale of 104 million CNY and has achieved a return of 51.7% this year, ranking 930 out of 8,173 in its category; over the past year, it has returned 97.1%, ranking 723 out of 7,996; since inception, it has returned 77.61% [2]

Report Overview - Report Industry: General Equipment [2] - Research Object: Zhehaide Man [17] - Reception Time: September 23, 2025 [17] - Company Representatives: Independent Director Lou Hang, Financial Controller He Liyun, Director and General Manager Bai Shengwen, Deputy General Manager and Board Secretary Lin Sujun [17] Core Views - The company has achieved partial self - production of parts and is working on others [24]. - The company undertakes robot - related parts manufacturing and OEM business, and will gradually achieve self - production of relevant core parts with technological breakthroughs [24]. - The company's main business is still high - end CNC machine tools, and it enters the robot and machine dog industry in a subcontracting mode [24][25]. - The company is in the process of trial - production of prototypes for its robot and machine dog projects, and relevant financial data is being collected [25]. - Besides Matrix Super Intelligence, the company is in negotiation with other robot manufacturers [25]. Summary by Directory 01. Research Basic Situation - The research object is Zhehaide Man in the general equipment industry, and the reception time is September 23, 2025. The company's independent director, financial controller, director and general manager, and deputy general manager and board secretary received the investors [17]. 02. Detailed Research Institutions - The reception objects include investors and others [20]. 03. Research Institution Proportion - No relevant content provided. 04. Main Content Data - **Self - produced parts**: The company has achieved partial self - production of parts and is working on others [24]. - **Value of robot parts**: The company undertakes robot - related parts manufacturing and OEM business, and relevant core parts will be self - produced gradually [24]. - **Revenue and profit from new business**: Due to the increasing number of host - factory customers and the parts being in the R & D and testing phase, the company does not predict revenue and profit for now. The main business is high - end CNC machine tools [24]. - **Profit margin and advantages**: The robot and machine dog projects are in the prototype trial - production stage, and relevant financial data is being collected. The company is also researching peer situations [25]. - **Potential cooperation**: Besides Matrix Super Intelligence, the company is in negotiation with other robot manufacturers [25]. - **Robot progress**: The company undertakes robot - related parts manufacturing and OEM business, and the technical preparation is in progress. The main business is high - end CNC machine tools [24][25]. - **Production capacity**: The company currently has a preliminary production capacity scale and will expand production in the future [25]. - **Expected shipment volume**: Since the products are in the iterative stage, the company cannot judge the host - factory shipment volume from the processing hardware and suggests paying attention to the host - factory market launch [25].

Core Viewpoint - Zhejiang Haideman (688577.SH) is optimistic about the future of humanoid robots and robotic dogs, currently in prototype testing and gathering financial data [1] Group 1: Company Developments - The company is in the prototype testing phase for humanoid robots and robotic dogs, with financial data being consolidated [1] - Initial production capacity has been established, with plans for further expansion in the future [1] Group 2: Industry Insights - Humanoid robots and robotic dogs are significant product categories within the field of embodied intelligence [1] - The company is entering this industry through an OEM model, leveraging its technological advantages in the machine tool sector [1]

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on the export of process industrial equipment and humanoid robots [1]. Core Insights - The petrochemical industry is expected to become a major source of global oil demand growth, benefiting from China's mature industrial chain and related equipment. Despite challenges such as energy transition and geopolitical risks, global oil demand is projected to grow by 2.5 million barrels per day from 2024 to 2030, reaching 105.5 million barrels per day [6]. - The humanoid robot sector is highlighted for three key reasons: new technology directions focusing on cost reduction and lightweight designs, the importance of application scenarios, and the division of the robot market into two main segments: equipment and data/visualization [6]. - The report suggests that monetary and fiscal policies are being strengthened, which may lead to a new recovery cycle in the equipment industry. Key companies to watch include Huichuan Technology, Xinjie Electric, and Weichuang Electric in the industrial control sector, and various companies in the robotics and machine tool sectors [6]. Summary by Sections Industry Overview - The mechanical industry consists of 632 listed companies with a total market capitalization of approximately 6,323.2 billion yuan and a circulating market value of about 5,266.4 billion yuan [3]. Company Earnings Forecasts and Valuations - Key companies and their projected earnings per share (EPS) and price-to-earnings (PE) ratios for 2025E to 2027E are as follows: - Huichuan Technology: EPS of 2.12 yuan in 2025E, PE of 38.60 [2]. - Flantak: EPS of 0.60 yuan in 2025E, PE of 18.12 [2]. - Xinjie Electric: EPS of 1.83 yuan in 2025E, PE of 34.64 [2]. - Oke Yi: EPS of 0.71 yuan in 2025E, PE of 32.04 [2]. - Lanjian Intelligent: EPS of 1.50 yuan in 2025E, PE of 25.98 [2]. Market Performance - The mechanical sector has shown a 1.5% increase in the past week, while the overall market performance of the Shanghai Composite Index was -1.3% [10][15]. - Among sub-sectors, boiler equipment had the highest increase at 12.3%, while shipbuilding had the lowest at -4.0% [11]. Investment Recommendations - The report emphasizes the importance of focusing on companies in various sectors, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][21].

Company Overview - Zhejiang Haideman Intelligent Equipment Co., Ltd. is located in Yuhuan City, Zhejiang Province, and was established on March 17, 1993. The company went public on September 16, 2020. Its main business involves the research, design, production, and sales of CNC lathes [1]. Business Composition - The revenue composition of the company is as follows: high-end CNC lathes account for 70.99%, popular CNC lathes 12.36%, automated production lines 12.34%, parts and others 2.67%, and parallel composite processing centers 1.64% [1]. Stock Performance - On September 19, Haideman's stock price fell by 5.04%, closing at 107.11 CNY per share, with a trading volume of 262 million CNY and a turnover rate of 2.13%. The total market capitalization is 11.919 billion CNY. The stock has experienced a continuous decline for five days, with a cumulative drop of 16.67% during this period [1]. Fund Holdings - According to data from the top ten heavy stocks of funds, one fund under Huaxia Fund has a significant holding in Haideman. The Huaxia Panrui One-Year Open Mixed A Fund (009837) increased its holdings by 6,827 shares in the second quarter, holding a total of 135,300 shares, which accounts for 5.63% of the fund's net value, making it the largest heavy stock [2]. Fund Performance - The Huaxia Panrui One-Year Open Mixed A Fund (009837) was established on December 22, 2020, with a current scale of 104 million CNY. Year-to-date, it has achieved a return of 51.77%, ranking 865 out of 8,172 in its category. Over the past year, the return is 103.7%, ranking 504 out of 7,980. Since its inception, the return is 77.69% [2]. Fund Manager - The fund manager of Huaxia Panrui One-Year Open Mixed A Fund (009837) is Zhang Chengyuan, who has been in the position for 8 years and 270 days. The total asset scale of the fund is 4.687 billion CNY, with the best fund return during his tenure being 113.39% and the worst being -7.26% [3].

Market Overview - On September 15, the general equipment sector declined by 0.07% compared to the previous trading day, with Zhejiang Haideman leading the decline [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Top Gainers in General Equipment Sector - Tengya Precision (301125) closed at 23.42, up 19.98% with a trading volume of 119,300 shares and a transaction value of 268 million [1] - Daye Co., Ltd. (603278) closed at 11.94, up 10.05% with a trading volume of 559,000 shares and a transaction value of 646 million [1] - Junmo Co., Ltd. (603617) closed at 9.21, up 10.04% with a trading volume of 319,100 shares and a transaction value of 282 million [1] - Zhongdali De (002896) closed at 103.02, up 10.01% with a trading volume of 216,500 shares and a transaction value of 2.177 billion [1] - Hongsheng Co., Ltd. (603090) closed at 47.73, up 10.00% with a trading volume of 123,900 shares and a transaction value of 569 million [1] Top Losers in General Equipment Sector - Naxin Co., Ltd. (688577) closed at 126.67, down 5.84% with a trading volume of 32,900 shares and a transaction value of 426 million [2] - Jingzhida (688627) closed at 126.40, down 5.71% with a trading volume of 59,100 shares and a transaction value of 758 million [2] - Chicheng Co., Ltd. (834407) closed at 25.19, down 4.33% with a trading volume of 127,300 shares and a transaction value of 351 million [2] Capital Flow Analysis - On the same day, the general equipment sector experienced a net outflow of 442 million from institutional investors, while retail investors saw a net inflow of 597 million [2][3] - Major stocks like Zhongdali De (002896) had a net inflow of 700 million from institutional investors, while it faced a net outflow of 459 million from speculative funds [3] - Daye Co., Ltd. (603278) had a net inflow of 128 million from institutional investors, but also saw significant outflows from both speculative and retail investors [3]

证券代码：688577 证券简称：浙海德曼 公告编号：2025-030 浙江海德曼智能装备股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 浙江海德曼智能装备股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司的 经营成果、财务状况，公司计划于 2025 年 09 月 23 日下午 13:00-14:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。欢迎广大投资者参加。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 三、参加人员 公司董事兼总经理白生文先生、副总经理兼董事会秘书林素君女士、财务负 责人何丽云女士、独立董事娄杭先生。（如有特殊情况，参会人员将可能调整） 四、 ...

Group 1 - Zhejiang Haideman Intelligent Equipment Co., Ltd. experienced a decline of 5.32% on September 15, with a stock price of 127.37 yuan per share, a trading volume of 185 million yuan, a turnover rate of 1.24%, and a total market capitalization of 14.174 billion yuan [1] - The company, established on March 17, 1993, and listed on September 16, 2020, specializes in the research, design, production, and sales of CNC lathes. Its main business revenue composition includes high-end CNC lathes at 70.99%, popular CNC lathes at 12.36%, automated production lines at 12.34%, parts and others at 2.67%, and parallel composite processing centers at 1.64% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Huaxia Fund has a significant holding in Zhejiang Haideman. Huaxia Panrui One-Year Open Mixed A (009837) increased its holdings by 6,827 shares in the second quarter, holding a total of 135,300 shares, which accounts for 5.63% of the fund's net value, making it the largest heavy stock [2] - The fund has a current scale of 104 million yuan and has achieved a return of 47.92% this year, ranking 969 out of 8,246 in its category. Over the past year, it has returned 94.75%, ranking 600 out of 8,054, and since its establishment, it has returned 73.19% [2]

Company Overview - Zhejiang Haideman Intelligent Equipment Co., Ltd. is located in Yuhuan City, Zhejiang Province, and was established on March 17, 1993. The company went public on September 16, 2020. Its main business involves the research, design, production, and sales of CNC lathes [1] - The revenue composition of the company includes: high-end CNC lathes 70.99%, popular CNC lathes 12.36%, automated production lines 12.34%, parts and others 2.67%, and parallel composite processing centers 1.64% [1] Stock Performance - On September 12, Haideman's stock fell by 5.03%, closing at 128.55 CNY per share, with a trading volume of 157 million CNY and a turnover rate of 1.06%. The total market capitalization is 14.305 billion CNY [1] Fund Holdings - According to data from the top ten heavy stocks of funds, one fund under Huaxia Fund has a significant holding in Haideman. Huaxia Panrui One-Year Open Mixed A (009837) increased its holdings by 6,827 shares in the second quarter, holding a total of 135,300 shares, which accounts for 5.63% of the fund's net value, making it the largest heavy stock [2] - The estimated floating loss for the fund today is approximately 921,100 CNY [2] Fund Performance - Huaxia Panrui One-Year Open Mixed A (009837) was established on December 22, 2020, with a current scale of 104 million CNY. Year-to-date returns are 48.07%, ranking 937 out of 8,174 in its category; the one-year return is 93.85%, ranking 584 out of 7,981; and since inception, the return is 73.36% [2]

Group 1 - The company Zhejiang Haideman announced the convening of a workers' representative meeting on September 11, 2025 [1] - Gao Qing has resigned from the position of employee representative supervisor of the company's fourth supervisory board [1] - He Zhiguang has been elected as the employee representative director of the company's fourth board of directors [1]