（记者 张海妮） 每经AI快讯，有投资者在投资者互动平台提问：请问公司近几年订单获取很多，但是营业收入没有增 长很多，是什么原因？ 中鼎股份（000887.SZ）10月17日在投资者互动平台表示，公司从取得订单到交付产品有一定周期，公 司目前拿到的订单会在客户规定的时间内逐步交付。 ...

Investment Rating - The report gives a "Strong Buy" rating for the company [4][9]. Core Insights - The company is establishing a turning point in its basic operations, with growth opportunities in robotics and liquid cooling businesses. It is focusing on intelligent chassis systems and expanding into new fields such as humanoid robots, low-altitude economy, AI, and data center thermal management [1][4]. Summary by Sections Company Overview - Anhui Zhongding Sealing Parts Co., Ltd. (stock code: 000887) is a leading global provider of automotive parts and high-end manufacturing solutions, with a focus on sealing systems, fluid technology, vibration reduction, and air suspension [14]. Basic Business: Management Optimization and Steady Development - The company is optimizing overseas management and cost control, enhancing competitiveness, and increasing the speed and certainty of overseas business recovery. The overall profit is expected to continue to improve [2][45]. - The company has a diversified customer structure, with significant sales to major automotive manufacturers, including BYD, Volkswagen, and BMW [52]. Emerging Business: Robotics & Liquid Cooling - The company is actively expanding into the humanoid robot sector, focusing on key components such as harmonic reducers and joint assemblies. It has established strategic partnerships to enhance its competitive edge in this field [3][56]. - In the liquid cooling sector, the company has developed a series of cooling units for energy storage and supercomputing centers, leveraging its proprietary thermal management technologies [3][50]. Profit Forecast and Investment Recommendations - The company is expected to achieve net profits of 1.68 billion, 1.89 billion, and 2.17 billion yuan in 2025, 2026, and 2027, respectively, with corresponding PE ratios of 17.2, 15.3, and 13.3 [4][10].

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

中鼎股份已获得夫特、重型等多家厂商的样件资格，并与五洲新春等公 司合作，加速在人形机器人领域的布局，尤其是在力觉传感器方面，通 过投资兴汇公司，增强其在六维扭矩和一维拉力、压力传感器领域的竞 争力。 中鼎股份与合肥市官方达成战略合作，成为合肥地区人形机器人产业链 的牵头人，此举将推动更多硬件产品的发展，并巩固其在机器人产业中 的地位。 中鼎股份在算力液冷系统市场表现出色，受益于 AMD 与 OpenAI 的合 作及英伟达算力冷却市场的增长，公司凭借管路制造、密封件制造及机 械加工能力，成功进入该领域，并探索储能领域液冷系统集成。 中鼎股份在底盘领域重点布局悬架系统，旗下 AMK 子公司已成为国内空 气管理单元头部企业，市场份额约为 18%，月度出货量超过 2 万套，并 实现了空簧量产下线，有望进一步垂直整合底盘系统。 中鼎股份首条磁流变减震器与磁流变液智能生产线正式落地，该高端减 震器系统能以毫秒为单位快速调整车辆悬架软硬度，应对复杂工况需求， 提升车辆性能。 Q&A 中鼎股份在机器人领域的布局和进展如何？ 中鼎股份在人形机器人领域有显著布局，并取得了一定进展。公司设立了瑞斯 博公司，专注于人形机器人减速器的 ...

证券日报网讯 中鼎股份10月9日在互动平台回答投资者提问时表示，公司旗下子公司德国KACO、美国 ACUSHNET企业拥有领先的密封系统技术。KACO为代表密封系统旗下企业积极推进新能源布局，已 经开发配套成功高性能新能源电机密封。同时，公司目前已经开发批产新能源电池模组密封系统和电桥 总成等产品，为沃尔沃、蔚来、上汽、广汽等新能源汽车平台配套。 （编辑 王雪儿） ...

证券日报网讯中鼎股份（000887）10月9日在互动平台回答投资者提问时表示，公司热管理系统业务 2025年半年度收入为26.06亿元，公司智能底盘橡胶业务2025年半年度收入为20.42亿元。 ...

Group 1 - The company confirmed that it has a client relationship with Chery Automobile, providing rubber components such as headsets, foot mats, and seals for the Moke robot [1] - In 2024, the company plans to jointly invest in the establishment of the Qingdao Huayan Ruixiang No. 1 Industrial Investment Partnership (Limited Partnership) with Shanghai Huayan Beiai Private Fund Management Co., Ltd. and others, which will invest in Chery [1] - Investors are encouraged to follow the company's regular reports and announcements for more details [1]

Core Viewpoint - Company has developed advanced sealing systems for electric vehicle applications, indicating a strong position in the growing new energy vehicle market [1] Group 1: Company Developments - Company’s subsidiaries, Germany's KACO and America's ACUSHNET, possess leading sealing system technologies [1] - KACO is actively advancing its new energy layout and has successfully developed high-performance sealing systems for new energy electric motors [1] - The company has also developed mass-produced sealing systems for new energy battery modules and electric bridge assemblies, supplying major automotive brands such as Volvo, NIO, SAIC, and GAC [1]

Market Overview - As of September 30, the automotive thermal management sector declined by 0.53%, ranking among the top decliners in the concept sector [1] - The sector experienced a net outflow of 2.913 billion yuan, with 77 stocks seeing net outflows, and 6 stocks exceeding 100 million yuan in outflows [2] Key Performers - The top gainers in the automotive thermal management sector included: - Fulin Precision with a rise of 19.98% - Jinfu Technology with an increase of 10.61% - Bohai Automobile with a gain of 9.91% [1][6] - Conversely, ST Meichen faced a significant drop of 20% [1] Capital Flow - The leading stocks with net outflows included: - Huagong Technology with a net outflow of 1.472 billion yuan - Midea Group with a net outflow of 600 million yuan - Heertai with a net outflow of 542 million yuan [2] - Stocks with net inflows included: - Fulin Precision with a net inflow of 515 million yuan - Top Group with a net inflow of 201 million yuan - Sanhua Intelligent Control with a net inflow of 95 million yuan [2][6] Sector Comparison - Other notable sectors included: - Zinc metal with a gain of 3.62% - Lead metal with a gain of 3.61% - Cobalt metal with a gain of 3.49% [2]

Group 1 - The core viewpoint of the article is that Zhidatech (02650.HK) has launched a global IPO in Hong Kong, aiming to raise approximately HKD 375 million for various strategic initiatives [2] - Zhidatech plans to issue a total of 5.9789 million shares, with 5.381 million shares allocated for international offering and 597,900 shares for public offering in Hong Kong [2] - The price range for the shares is set between HKD 66.92 and HKD 83.63, with the expected net proceeds being utilized for overseas expansion (38.0%), R&D (36.5%), and M&A activities (10.0%) [2] Group 2 - Zhidatech is the largest supplier of home electric vehicle charging stations in China, providing a comprehensive "three-in-one" solution that includes products, services, and a digital platform [3] - The company has established the largest electric vehicle charging station service network in China, covering over 360 cities as of March this year, and has shipped a total of 1.3 million home electric vehicle charging stations globally [3] - Zhidatech has experienced unstable performance with continuous losses over the past few years, reporting revenues of RMB 697 million in 2022, RMB 671 million in 2023, and RMB 593 million in 2024, alongside losses of RMB 25.14 million, RMB 58.12 million, and RMB 236 million during the same periods [3]