2月23日，港股市场迎来马年第二个交易日，机器人概念板块（887755.WI）表现亮眼，截至午盘大涨 1.76%。成分股中，ASMPT（05522.HK）大涨5.27%，华虹半导体（1347.HK）大涨4.83%，耐世特、金 力永磁、天工国际等个股跟涨。 | < W | [HK]人形机器人指数(887755) | | | | --- | --- | --- | --- | | | 1743.45 30.20 +1.76% | | | | 済設 | 成分 | 资讯 | 相关基金 | | 名称 | 现价 | | 涨跌幅÷ | | ASMPT | 110.900 | | 5.72% | | 0522.HK | | | | | 农虹未营体 | 98.700 | | 4.83% | | 1347.HK | | | | | 中芯国际 | 70.750 | | 4.51% | | 0981.HK | | | | | 耐世特 | 8.020 | | 3.75% | | 1316.HK | | | | | 比亚迪电子 | 33.500 | | 3.46% | | 0285.HK | | | | | 三一国际 | 15.410 ...

Group 1 - The core viewpoint of the article indicates that 泰尔股份 (Tair Co., Ltd.) is forecasting a significant net loss for 2025, estimated between -99.90 million to -84.90 million yuan, marking a shift from profit to loss year-on-year due to increased R&D investment, changes in product structure leading to a decline in gross margin, and provisions for inventory impairment [1] Group 2 - As of January 30, 2026, the company's stock price closed at 9.49 yuan, reflecting a decrease of 10.64% from the previous week, with a total net outflow of 146 million yuan in principal funds [2] - The company reaffirmed on January 15, 2026, that its operational status is normal and there are no undisclosed significant matters [3]

Core Viewpoint - The company, 泰尔股份 (Tair Co., Ltd.), is primarily engaged in the research, development, production, sales, and intelligent operation and maintenance services of high-end equipment [1] Group 1: Company Overview - The main products of the company include core spare parts, core equipment, laser remanufacturing services, complete equipment, general contracting services, and new energy business [1] - The specific details of the company's main products and application areas are listed in its periodic reports, which should be referred to for accurate information [1]

Group 1 - The core point of the article is that 泰尔股份 (Tair Co., Ltd.) has confirmed that 上海紫竹小苗朗鲲创业投资合伙企业 (Shanghai Zizhu Xiaomiao Langkun Venture Capital Partnership) holds a 3.33% stake in the company's subsidiary [1]

Group 1 - The core point of the article is that 泰尔股份 (Tair Co., Ltd.) has confirmed that 上海紫竹小苗朗鲲创业投资合伙企业 (Shanghai Zizhu Xiaomiao Langkun Venture Capital Partnership) holds a 3.33% stake in the company's subsidiary [2]

Core Viewpoint - The company, 泰尔重工股份有限公司, has announced a negative net profit forecast for the year 2025, primarily due to increased R&D and operational expenses, as well as a shift in product revenue structure leading to a decline in gross profit margin [2][3]. Financial Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [1]. - The expected net profit is projected to be negative [2]. Communication with Auditors - The profit forecast has not been audited by the accounting firm, but preliminary discussions regarding the forecast have taken place, with no disagreements reported [2]. Reasons for Performance Changes - The main reasons for the expected loss include: 1. Increased R&D and operational expenditures as the company aligns with national high-quality development strategies, leading to a change in product revenue structure and a decrease in gross profit margin [3]. 2. A comprehensive review and impairment testing of assets have been conducted, resulting in provisions for potential asset impairments [3]. Asset Impairment Provisions - The company plans to recognize a total asset impairment provision of 7.543 million yuan for the year 2025, which will reduce the net profit attributable to the parent company by 5.2436 million yuan after considering tax and minority interests [8]. - The impairment provisions will cover accounts receivable, inventory, long-term equity investments, and other non-current financial assets [7][8]. Specifics of Impairment Provisions - Accounts receivable impairment loss is expected to decrease by 7.7461 million yuan due to improved collection efforts, while other receivables are expected to increase by 0.8639 million yuan due to aging [10]. - Inventory impairment loss is projected at 14.4252 million yuan, based on the assessment of net realizable value [11].

Group 1 - The company, 泰尔股份, expects a net profit attributable to shareholders to be between -99.90 million and -84.90 million yuan for 2025, indicating a shift from profit to loss compared to the previous year [1] - The basic earnings per share are projected to be between -0.1981 yuan and -0.1684 yuan, a decline from the previous year's earnings per share of 0.0289 yuan [1] - The primary reasons for the performance change include increased R&D investments and operating expenses, a shift in product revenue structure, and a decrease in gross margin due to higher revenue from lower-margin products [1] Group 2 - The company conducted a comprehensive review and impairment testing of its assets as of the end of 2025, leading to the recognition of impairment provisions for potentially impaired inventory assets [1]

证券代码：002347 证券简称：泰尔股份 公告编号：2026-03 泰尔重工股份有限公司 为真实反映公司财务状况和经营成果，本着谨慎性原则，根据《深圳证券交 易所股票上市规则》《深圳证券交易所上市公司自律监管指南第 1 号—业务办理》 《企业会计准则》等相关规定的要求，公司及下属子公司对 2025 年度末对应收 款项、存货、长期股权投资、其他非流动金融资产、固定资产、在建工程、无形 资产等资产进行了全面清查，对应收款项回收的可能性，各类存货的可变现净值， 长期股权投资的公允价值减值迹象，其他非流动金融资产回收的可能性，固定资 产、在建工程及无形资产的可变现性进行了充分的评估和分析，认为上述资产中 部分资产存在一定的减值迹象。本着谨慎性原则，公司需对可能发生资产减值损 失的相关资产计提减值准备。 2、本次计提资产减值准备的资产范围和总金额 公司及下属子公司对 2025 年度末存在可能发生减值迹象的资产进行全面清 查和资产减值测试后，拟计提 2025 年度各项资产减值准备共计 754.30 万元，详 情如下表： 单位：万元 | 项 | 目 | 年初至年末计提资产减值准备金额 | | | --- | --- | ...

Core Viewpoint - The company expects a negative net profit for the fiscal year 2025, with projected net profit attributable to shareholders ranging from -99.90 million to -84.90 million yuan, compared to a profit of 14.59 million yuan in the same period last year [1] Financial Performance - The net profit excluding non-recurring gains and losses is anticipated to be between -108 million and -92.65 million yuan, compared to -33.87 million yuan in the previous year [1] - The basic earnings per share are projected to be between -0.1981 yuan and -0.1684 yuan, while the previous year's figure was 0.0289 yuan [1] Strategic Initiatives - The company is actively aligning with national high-quality development goals, implementing the Tai'er strategic plan, developing new products, launching new businesses, and expanding into new markets [1] - There has been an increase in research and development investment and operational expenses during the reporting period [1] Revenue and Profitability - The revenue structure of the company's products has changed, with an increase in sales of lower-margin products, leading to a decline in gross profit margin compared to the same period last year [1]

Financial Performance - The company expects a net profit loss of approximately -9,990,000 RMB for the reporting period, compared to a loss of -8,490,000 RMB in the same period last year[5] - The net profit after deducting non-recurring gains and losses is projected to be -10,765,000 RMB, compared to -9,265,000 RMB in the previous year[5] - Basic earnings per share are estimated at -0.1981 RMB, down from -0.1684 RMB in the same period last year[5] Reasons for Decline - The decline in net profit is primarily due to increased R&D and operating expenses, as well as a shift in product revenue structure leading to a lower gross margin[7] Asset Management - The company has conducted a comprehensive review and impairment testing of its assets, resulting in provisions for potential inventory asset impairments[7] Financial Reporting - The financial data presented is preliminary and has not been audited by an accounting firm, with detailed figures to be disclosed in the 2025 annual report[8]