Core Viewpoint - The company anticipates that 2026 will be a pivotal year for the commercialization of AI applications, with plans to significantly increase investments in AI and intelligent sectors [1] Group 1: AI Investment and Strategy - The company will continue to enhance operational efficiency by promoting AI applications in management [1] - AI will be leveraged to empower business areas, increasing the value and competitiveness of existing core components [1] - The company aims to implement AI technology in end products and consistently launch more competitive AI-integrated products [1] Group 2: Market Positioning - The company is committed to becoming a leading AI application enterprise by developing "category champions" in multiple niche segments [1] - Currently, the company has no related business in commercial aerospace or brain-computer interfaces [1]

格隆汇1月19日丨拓邦股份(002139.SZ)在互动平台表示，公司重视民用无人机市场的开拓，直流无刷电 机产品已量产应用于低空配送无人机。公司电池产品主要用于家庭储能、工商业储能、车船载等领域， 目前未用于无人机场景。 ...

Core Viewpoint - The industrial control power supply industry is experiencing significant growth driven by the accelerated automation and intelligence transformation in manufacturing, with the market size expected to increase from 115.44 billion yuan in 2015 to 462.12 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 16.7% [1][9]. Group 1: Industry Overview - Industrial control power supplies are specialized devices that convert mains electricity or other power sources into stable direct current suitable for industrial control equipment, characterized by high stability, reliability, and durability [5][6]. - The working principle of industrial control power supplies involves power conversion technologies, including rectification, filtering, voltage regulation, and output [5]. Group 2: Industry Chain - The upstream materials for the industrial control power supply industry include power devices, electronic components, and various metal and mechanical materials, which directly affect the performance and cost of midstream products [5]. - The downstream applications encompass sectors such as machinery manufacturing, power systems, transportation, and petrochemicals, where industrial control power supplies provide stable power support for various control devices, sensors, and actuators [6]. Group 3: Current Industry Status - The power supply industry in China has maintained rapid growth, with the market size reaching 517.4 billion yuan in 2022, a year-on-year increase of 32.3%, and is projected to continue growing to 770.2 billion yuan in 2024 [8][9]. - The demand for industrial automation has surged due to rising labor costs and the need for higher product quality, driving the growth of the industrial control power supply market [9]. Group 4: Competitive Landscape - Domestic companies like Yingjie Electric and Dongfang Sitong are rapidly catching up to international standards, effectively meeting downstream equipment demands and gradually replacing imported products [11]. - The industry still has many small and medium-sized enterprises that primarily serve sectors with lower precision and performance requirements, relying on cost competition to maintain market share [11]. Group 5: Development Trends - Emerging industries such as photovoltaics and rare earth materials are driving the upgrade of the industrial control power supply industry, leading to increased demand for high-quality products [13]. - The industry is expected to shift towards digitalization, with mainstream products evolving from analog-digital combinations to fully digital, modular, intelligent, and programmable solutions [13][14]. - The concentration of the industry is anticipated to increase, with market resources shifting towards leading enterprises that possess economies of scale and technological innovation advantages [15].

1月16日，拓邦股份盘中上涨2.01%，截至13:24，报14.22元/股，成交2.82亿元，换手率1.87%，总市值 177.30亿元。 资金流向方面，主力资金净流入1733.39万元，特大单买入1226.06万元，占比4.35%，卖出765.11万元， 占比2.71%；大单买入6416.49万元，占比22.74%，卖出5144.05万元，占比18.23%。 拓邦股份今年以来股价涨3.19%，近5个交易日涨1.28%，近20日涨5.33%，近60日涨1.64%。 资料显示，深圳拓邦股份有限公司位于广东省深圳市宝安区石岩街道科技二路拓邦工业园，成立日期 1996年2月9日，上市日期2007年6月29日，公司主营业务涉及智能控制系统解决方案的研发、生产和销 售。主营业务收入构成为：工具和家电79.54%，数字能源和智能汽车15.41%，机器人5.04%。 拓邦股份所属申万行业为：电子-消费电子-消费电子零部件及组装。所属概念板块包括：灵巧手、人形 机器人、机器人概念、汽车热管理、无人驾驶等。 截至9月30日，拓邦股份股东户数10.98万，较上期增加5.73%；人均流通股9750股，较上期减少5.42%。 202 ...

Group 1 - The core viewpoint of the news is that拓邦股份 has shown a mixed performance in terms of stock price and financial results, with a slight increase in stock price but a significant decrease in net profit year-on-year [1][2]. Group 2 - As of January 14,拓邦股份's stock price increased by 2.00% to 14.27 CNY per share, with a total market capitalization of 177.92 billion CNY [1]. - The company has seen a year-to-date stock price increase of 3.56%, with a 5-day increase of 2.37%, a 20-day increase of 5.63%, and a 60-day increase of 1.93% [1]. - For the period from January to September 2025,拓邦股份 reported a revenue of 8.188 billion CNY, representing a year-on-year growth of 6.34%, while the net profit attributable to shareholders decreased by 23.86% to 420 million CNY [2]. Group 3 - The main business segments of拓邦股份 include tools and home appliances (79.54%), digital energy and smart vehicles (15.41%), and robotics (5.04%) [1]. - The company is classified under the electronic industry, specifically in consumer electronics and components, and is involved in various concept sectors such as humanoid robots, dexterous hands, and autonomous driving [1]. Group 4 - As of September 30, 2025, the number of股东户数 (shareholder accounts) increased by 5.73% to 109,800, while the average number of circulating shares per person decreased by 5.42% to 9,750 shares [2]. - The top ten circulating shareholders include notable ETFs such as 华夏中证机器人ETF and 天弘中证机器人ETF, with significant increases in their holdings [2].

Group 1 - The core point of the news is the trading activity of Tuobang Co., Ltd., which closed at 13.94 yuan with a significant block trade occurring on January 8, involving a total volume of 169,400 shares and a transaction amount of 2.126 million yuan [1] - The first transaction price was 12.55 yuan for 169,400 shares, resulting in a premium rate of -9.97%. The buyer and seller were both from Guotai Junan Securities Co., Ltd., Shanghai Pudong New District [1] - Over the past three months, Tuobang Co., Ltd. has recorded a total of two block trades with a cumulative transaction amount of 9.62 million yuan [1] Group 2 - In the last five trading days, the stock has seen a cumulative increase of 0.29%, while the net outflow of main funds amounted to 79.5309 million yuan [1]

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2026-01-08 | 002139 | 拓邦股份 | 12.55 | 16.94 | 212.60 国泰海通证券股份 | 国泰海通证券股份 | | | | | | | 有限公司上海浦东 | 有限公司上海浦东 | | | | | | | 新区商城路证券营 | 新区商城路证券营 | | | | | | | 11 2 | W部 | 1月8日，拓邦股份大宗交易成交16.94万股，成交额212.6万元，占当日总成交额的0.6%，成交价12.55 元，较市场收盘价13.94元折价9.97%。 ...

Important Matters - Chengjian Development has achieved a three-day stock increase and holds 18.91 million shares of Century Space, making it the fourth largest shareholder [1] - Lens Technology is a strategic investor in Strong Brain Technology and has exclusively undertaken the mass production of core hardware [1] - Shiyun Circuit is collaborating with brain-machine clients to advance the development of new material numbers [1] - Xinyada has indirectly held shares in Zhongke Aerospace through Xi'an Qingchuan [1] - Chipone Technology has completed the acquisition of Zhudian Semiconductor [1] - Suoling Co., Ltd. has seen a three-day stock increase, with its controlling shareholder's concerted action partner, Tanghe Holdings, successfully bidding for 37.5 million shares of the company [1] - iFlytek's robot super brain platform has achieved multiple technological breakthroughs in multi-modal noise reduction and has formed extensive collaborations with Yushu and Zhiyuan [1] Investment Operations - ZTE Corporation has conducted NTN technology trials and achieved breakthroughs, providing comprehensive satellite payload products [1] - Chaojie Co., Ltd. expects rapid growth in revenue from commercial aerospace-related businesses by 2026 [1] - Xinyi Chang plans to launch its second-generation wheeled robot before the 2026 Spring Festival, with three robot products expected to enter mass production in the second half of 2026 [1] - Zhejiang Xiantong is collaborating with Haohai Starry Sky and Qiteng Robotics, with robots expected to roll off the production line by the end of March [1] - Fengzhushou is placing significant emphasis on opportunities in commercial aerospace and aviation internet development, clearly positioning it as a fourth growth curve [1] - Chaoying Electronics has adjusted the investment amount for its AI computing high-end printed circuit board expansion project from 1.468 billion to 3.315 billion yuan [1] Contracts and Collaborations - Guoji Jinggong is focusing on new business areas, particularly in commercial aerospace bearings and humanoid robot bearings [1] - iFlytek's robot super brain platform has achieved multiple technological breakthroughs and has formed extensive collaborations with Yushu and Zhiyuan [1] - Desay SV Automotive has established strategic partnerships with several well-known robotics companies [1] - Tuobang Co., Ltd. has deepened cooperation with UBTECH in related business areas [1] - Fushite has signed a strategic cooperation agreement with Jiangxi Copper [1] - Robotech's subsidiary ficonTEC has signed a full automatic OCS packaging line order with a Swiss client [1] - Times New Materials has signed a sales contract for wind turbine blades worth approximately 3.32 billion yuan [1]

Group 1 - The 2026 International Consumer Electronics Show (CES 2026) in Las Vegas showcases advancements in humanoid robots from companies like Boston Dynamics and UTree Technology, with major tech firms launching next-generation humanoid robots [1] - Qualcomm introduced a next-generation robotics architecture that integrates hardware, software, and composite AI, along with a new high-performance robotics processor aimed at industrial AMRs and full-sized humanoid robots [1] - Hyundai Motor Group's Boston Dynamics presented a mass-production version of the Atlas humanoid robot, with plans to integrate it into a global network for real-world tasks starting in 2028 [1] Group 2 - Domestic companies are accelerating their entry into the humanoid robot sector through mergers, fundraising, and strategic collaborations, covering the entire industry chain from core components to applications [2] - By 2025, several humanoid robot manufacturers, including UTree Technology and UBTECH, are expected to achieve mass production, with more companies expanding capacity in 2026 [2] - Tesla is projected to produce between 50,000 to 100,000 humanoid robots in 2026, marking the industry’s transition into a phase of mass production and commercial exploration [2] Group 3 - The humanoid robot market is expected to reach $5 trillion by 2050, with a deployment of 1 billion units, indicating significant market potential that attracts automotive companies [3] - There are 31 humanoid robot concept stocks predicted to have a net profit growth rate exceeding 20% in 2026 and 2027, according to consensus from five or more institutions [3] - Stocks with over 30% upside potential include Zhiwei Intelligent, Softcom Power, Zhenyu Technology, Leisai Intelligent, and Xiangxin Technology, with Zhiwei Intelligent having the highest upside at 43.6% [3] Group 4 - As of January 6, five stocks have a rolling P/E ratio below 40, including Huqin Technology, Jihong Co., Tuobang Co., Dechang Co., and Jiechang Drive [4] - Huqin Technology has the lowest rolling P/E ratio at 24.25, with expectations of continued revenue growth in data business and optimization of product structure [4]

Core Viewpoint - The company has established a deep collaboration with UBTECH in the humanoid robot sector, focusing on the development of next-generation dexterous hand drive components [1] Group 1: Collaboration and Innovation - The company is working with leading firms in the robotics and dexterous hand industry to co-develop new drive components based on hollow cup motors [1] - A new integrated system called the "Lingdriven Micro Engine" has been successfully launched, which combines core components such as hollow cup motors, gearboxes, lead screws, and encoders [1] Group 2: Product Features and Benefits - The new system significantly enhances product energy density and greatly reduces installation space [1] - The dexterous hand can achieve both "small size" and "high output," allowing for the installation of 15 or more units within a single palm [1]