董事会公告 证券代码:002048 证券简称:宁波华翔 公告编号:2025-086 宁波华翔电子股份有限公司 关于子公司签署战略合作协议的公告 本公司全体董事、监事、高级管理人员保证公告内容真实、准确和完整，并 对公告中的虚假记载、误导性陈述或者重大遗漏承担责任。 特别提示： 1、本次签署的《战略合作协议》为双方基于战略合作意愿订立的框架性文件， 在后续开展具体合作业务时将另行商洽签订相关协议，具体合作事项及实施进展存在 不确定性，敬请广大投资者注意投资风险。 2、本协议对公司 2025 年度经营业绩不构成重大影响，对公司未来经营业绩的影 响将视具体业务的推进和实施情况而定。 一、合作签署概况 董事会公告 2025 年 12 月 29 日，宁波华翔电子股份有限公司（以下简称"公司"）子公司宁 波华翔启源科技有限公司（以下简称"华翔启源"）与潜行未来（杭州）机器人有限 公司（以下简称"潜行未来"）共同签订了《战略合作协议》。潜行未来创始人为国 内资深四足机器人团队，其多年来深耕行业级应用赛道。为发挥公司原有的智能制造 和供应链管理能力，加快建设具身智能机器人产业，推动产品创新双驱动和应用场景 落地，双方经友好协 ...

宁波华翔公告称，2025年12月29日，子公司华翔启源与潜行未来签订《战略合作协议》，拟在具身智能 机器人，特别是四足机器人产品的研发、制造和销售服务等领域加强合作。协议有效期三年，无需提交 公司董事会或股东会审议。潜行未来成立于2025年12月3日，注册资本100万元，法定代表人为李震。本 次合作系公司主营业务战略延伸，对2025年度经营业绩无重大影响，后续影响视具体业务推进而定。公 司过往两份框架协议均正常履行。 ...

Group 1 - The humanoid robot concept is experiencing partial activity in the market, with significant stock price increases observed [1] - Company Shenzhou New Materials saw its stock rise over 11%, indicating strong investor interest [1] - Fenglong Co. has achieved a four-day consecutive increase in stock price, reflecting positive market sentiment [1] Group 2 - Other companies such as Haoshi Electromechanical, Buke Co., Zhejiang Rongtai, Ningbo Huaxiang, and Slin Smart Drive also experienced stock price increases, suggesting a broader trend in the humanoid robotics sector [1]

Core Insights - The automotive parts industry in Zhejiang is collectively transforming towards humanoid robotics, viewing it as a significant growth opportunity following the success of electric vehicles and intelligent driving [2][3][7] - The market for humanoid robots is projected to grow substantially, with an expected sales volume of 12,400 units and a market size of 6.339 billion yuan by 2025, and further growth anticipated by 2035 [3][4] Group 1: Industry Transformation - Zhejiang's automotive parts companies are rapidly entering the humanoid robotics sector, with over 100 related companies and more than 40 listed on the A-share market [2][3] - Companies like Junsheng Electronics have upgraded their strategies to "Automotive + Robotics Tier 1," marking the beginning of a new growth phase [2][3] - The collective shift is characterized by strategic partnerships, product launches, and international market expansion [2][3] Group 2: Market Potential - The humanoid robot market is seen as a "potential stock" by Zhejiang automotive parts companies, with a strong belief in its future profitability [3][4] - The commercialization of humanoid robots is accelerating, with significant orders and deliveries reported in 2025 [3][4] Group 3: Cost Reduction and Localization - The rise in domestic production of core components for humanoid robots is driving down costs, with examples showing a 25% reduction in the cost of certain models compared to 2024 [5][6] - Companies are leveraging existing supply chains and production capabilities to reduce investment costs and enhance equipment utilization [6][7] Group 4: Technological Synergy - The transition to humanoid robotics is facilitated by the technological similarities between automotive parts and robotics, allowing for seamless integration and reduced R&D costs [7][8] - The existing expertise in sensors, motors, and mechanical transmission systems within the automotive sector is being effectively transferred to the humanoid robotics field [7][8] Group 5: Collaborative Ecosystem - The high overlap of customers between the automotive and humanoid robotics sectors enhances market entry opportunities for companies [8] - The collaborative nature of the supply chain is enabling companies to tap into existing channels for humanoid robot component procurement [8]

| 300680 | 隆盛科技 | 6.83 | 16.14 | 12977.94 | | --- | --- | --- | --- | --- | | 600418 | 江淮汽车 | 0.96 | 1.68 | 10047.22 | | 002048 | 宁波华翔 | 5.78 | 6.76 | 9735.31 | | 002870 | 香山股份 | 10.01 | 9.35 | 9106.44 | | 301005 | 超捷股份 | 20.00 | 22.26 | 8872.54 | | 300100 | 双林股份 | 5.70 | 4.17 | 8428.72 | | 000887 | 中鼎股份 | 1.01 | 2.84 | 6366.29 | | 603179 | 新泉股份 | 4.22 | 2.72 | 5346.92 | | 603009 | 北特科技 | 3.86 | 3.09 | 5121.11 | | 002472 | 双环传动 | 4.57 | 3.66 | 5061.48 | 汽车行业资金流出榜 沪指12月25日上涨0.47%，申万所属行业中，今日上涨的有25个，涨幅居前的行业为国防 ...

Core Viewpoint - Ningbo Huaxiang's subsidiary, Ningbo Huaxiang Qiyuan Technology Co., Ltd., has signed a contract with a leading domestic robot joint manufacturer to produce robot joint products over the next two years, which is expected to enhance the company's competitive advantage in the smart robot components market [2] Group 1 - The contract stipulates that Huaxiang Qiyuan will manufacture certain robot joint products to meet the client's market demand within the specified timeframe [2] - This collaboration is aimed at establishing a differentiated competitive advantage for Huaxiang Qiyuan's smart robot component product matrix and lays a solid foundation for developing core joint components based on PEEK materials [2] - The announcement indicates that this contract will not significantly impact the company's operating performance for the current year, but it is expected to have a positive effect on the company's future performance starting from January 2026 when bulk supply to the client begins [2]

Market Overview - Victory Energy (001331) has achieved an 8-day consecutive limit-up, while Luyuan Pharmaceutical (002788) has seen a 5-day consecutive limit-up. Other notable stocks include Jiamei Packaging (002969) with 6 limit-ups in 8 days and Shenjian Co. (002361) with 4 consecutive limit-ups [1] - The market experienced a pullback after a rise, with the ChiNext Index rising over 1% during the day. The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion yuan, an increase of 37.9 billion yuan compared to the previous trading day [1] - Nearly 3,900 stocks in the market declined, while sectors such as photolithography machines, batteries, and the Hainan Free Trade Zone saw significant gains [1] Industry Highlights - The lithium battery sector was boosted by a renewed price surge in the supply chain, with companies like Tianji Shares (002759) and Duofluoride (002407) hitting the daily limit. Lithium mining stocks such as Dazhong Mining (001203) and Tianhua New Energy (300390) saw increases of over 10% [1] Company News - Ningbo Huaxiang (002048) announced that its subsidiary, Huaxiang Qiyuan, signed a contract to produce robot joints for a leading domestic manufacturer, which is expected to enhance its competitive advantage in the smart robot components market [2] - Victory Energy (001331) clarified that it does not engage in robot-related business and has no plans for asset restructuring in the next 12 months. The company has seen a cumulative stock increase of 114.44% over the past 8 trading days [2] - *ST Xinyan (300159) will resume trading on December 24, 2025, after completing a capital increase plan that will raise its total share capital from 1.496 billion shares to 3.29 billion shares through a 10-for-12 bonus share issuance [3]

Macro News - Xi Jinping emphasized the importance of central enterprises in supporting national strategies and enhancing core competitiveness, urging them to focus on their main responsibilities and optimize the layout of state-owned economy [4] - The meeting of central enterprise leaders highlighted the need for strong support in major infrastructure construction and the promotion of new infrastructure development [4] Industry News - Shenzhen banks have raised the minimum interest rate for business loans secured by real estate to 2.35% annually, up from a previous low of 2.2% [8] - The first batch of L3-level highway autonomous vehicle special license plates has been issued in Beijing, allowing conditional autonomous driving on specific highways [9] - The sixth round of national high-value medical consumables procurement has started, introducing a price anchor concept to balance price reductions and prevent malicious underpricing [9] Company News - SMIC has implemented a price increase of approximately 10% on certain production capacities [10] - Oriental Yuhong reported that its wholly-owned subsidiary in the U.S. was allegedly a victim of telecom fraud, with an involved amount of approximately 12.118 million yuan [10] - Aiko Cyber announced it won the bid for the BEST and HL-3 nuclear fusion power project [11] - Zhenyu Technology plans to raise no more than 1.88 billion yuan for lithium battery precision structural component expansion projects [11] Global Market - U.S. stock indices collectively rose, with the S&P 500 index reaching a new closing high [12] - International gold and silver prices hit historical highs, with COMEX gold futures rising by 1.02% to $4,515 per ounce and silver futures up by 4.44% to $71.61 per ounce [14]

Core Insights - The humanoid robot industry is transitioning from a technology exploration phase to a commercialization phase, with automotive parts companies emerging as active players in this new market [1][2] - Ningbo Huaxiang Electronics Co., Ltd. announced a strategic cooperation agreement with Shenzhen Dahuang Robot Technology Co., Ltd. to enhance collaboration in the development, manufacturing, and sales of general humanoid robot dexterous hands [1] - The automotive parts sector is increasingly engaging in strategic partnerships to expand into the humanoid robot business, with several companies disclosing relevant collaborations since 2025 [1][2] Company Developments - Ningbo Huaxiang's subsidiary, Huaxiang Qiyuan Technology Co., Ltd., aims to deepen its robot industry chain construction and accelerate its vision of becoming a "hardware manufacturing solution service provider" through this partnership [1] - Zhongyuan Neipei Group Co., Ltd. has also signed a strategic cooperation agreement to become a core supplier of humanoid robot joint modules, focusing on large-scale application innovations in industrial and commercial scenarios [2] - Zhejiang Wan'an Technology Co., Ltd. invested 20 million yuan to acquire a 2.72% stake in Shenzhen Tongchuan Technology Co., Ltd., aiming for deep collaboration in the field of embodied intelligent robots [2] Industry Trends - The cross-industry layout of automotive parts companies in the humanoid robot field is driven by technological synergies and significant market potential, with the humanoid robot market expected to reach a scale of hundreds of billions [2] - The core components of humanoid robots require automotive-grade precision manufacturing capabilities and global supply chain systems, which automotive parts companies possess [3] - As competition in the humanoid robot market intensifies, companies are advised to build differentiated competitive advantages and avoid homogenization by focusing on unique core technologies and customized development [3]

Group 1 - The humanoid robot industry is transitioning from a technology exploration phase to a commercialization phase, with automotive parts companies becoming active players in this market [1] - Ningbo Huaxiang announced a strategic cooperation agreement with Shenzhen Dahuang Robot Technology to enhance collaboration in the development, manufacturing, and sales of general humanoid robot dexterous hands [1] - The company has also signed an agreement with Zhiyuan Innovation to strengthen cooperation in robot assembly and supply chain, aiming to build an embodied intelligent robot ecosystem [1] Group 2 - Other automotive parts companies, such as Zhongyuan Neipei and Zhejiang Wan'an Technology, are also entering the humanoid robot field through strategic partnerships, focusing on core components like joint modules and deepening collaboration in the embodied intelligent robot sector [2] - The cross-industry layout of automotive parts companies in the humanoid robot field is driven by technological synergies and significant market potential, with the humanoid robot market expected to reach a scale of hundreds of billions [2] - The core components of humanoid robots require precision manufacturing capabilities and global supply chain systems, which automotive parts companies possess, while they need to enhance their AI algorithms and mechatronics applications [3] Group 3 - As more companies enter the humanoid robot market, competition is expected to intensify, prompting the need for differentiation to avoid homogenization [3] - Companies are advised to focus on developing unique technologies for core components, engage in customized research and development for specific scenarios, and collaborate with AI firms to create integrated solutions [3]