证券代码：002896 证券简称：中大力德 公告编号：2025-054 宁波中大力德智能传动股份有限公司 关于与关联方共同投资设立合资公司暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、本次投资及关联交易概述 1、与关联方共同投资的基本情况 宁波中大力德智能传动股份有限公司（以下简称"公司"或"中大力德"） 拟与关联方岑国建、李清、梁光伟、北京群昱智造科技有限公司共同投资设立佛 山天元传动科技有限公司（暂定名，以下简称"合资公司"），合资公司投资总 额为人民币 800 万元，其中公司以自有货币资金出资人民币 320 万元，占投资总 额的 40%；岑国建以自有货币资金出资人民币 160 万元，占投资总额的 20%； 李清以自有货币资金出资人民币 120 万元，占投资总额的 15%；梁光伟以自有货 币资金出资人民币 120 万元，占投资总额的 15%；北京群昱智造科技有限公司以 自有货币资金出资人民币 80 万元，占投资总额的 10%。合资公司主要开展塑料 齿轮箱及相关产品的研发、生产与销售等经营活动。 截止本公告披露日，上述交易方尚未签署合 ...

证券代码：002896 证券简称：中大力德 公告编号：2025-052 宁波中大力德智能传动股份有限公司 关于日本全资子公司完成设立登记的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、对外投资概述 宁波中大力德智能传动股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第三届董事会第二十四次会议审议通过《关于对外投资设立日本全资 子公司的议案》。具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网 （http://www.cninfo.com.cn/）披露的《关于对外投资设立日本全资子公司及美国 全资子公司的公告》（公告编号：2025-027）。 二、本次对外投资的进展情况 近日公司已完成日本全资子公司的注册登记手续，并领取了当地主管部门签 发的注册登记证明文件，具体如下： （一）公司法人等编号：0300-01-169686 1、减速电机、减速器、驱动器以及相关精密零部件的制造、销售和进出口； 2、减速电机、减速器、驱动器等相关的技术研发和咨询服务； 3、与前项相关的一切附带业务。 （六）注册资本：3000 万日元 三、 ...

表决结果：有效表决票 3 票，同意票 3 票，反对票 0 票，弃权票 0 票。 宁波中大力德智能传动股份有限公司 第四届董事会独立董事专门会议第一次会议决议 宁波中大力德智能传动股份有限公司（以下简称"公司"）第四届董事会独 立董事专门会议第一次会议于 2025 年 11 月 19 日以通讯方式召开，会议通知以 通讯方式于 2025 年 11 月 12 日向各位独立董事发出，本次会议应参加独立董事 3 名，实际参加独立董事 3 名，本次会议全体独立董事一致推举由周忠先生主持， 审议通过如下决议： 一、审议通过《关于选举第四届董事会独立董事专门会议召集人的议案》 表决结果：有效表决票 3 票，同意票 3 票，反对票 0 票，弃权票 0 票。 同意选举周忠先生担任公司第四届董事会独立董事专门会议召集人，任期自 本次会议审议通过之日起至本届董事会届满之日止。 二、审议通过《关于与关联方共同投资设立合资公司暨关联交易的议案》 经审核，我们认为：公司与关联方共同投资设立合资公司符合公司业务发展 需要。本次关联交易遵循公平、合理的原则，各方均以货币出资，根据持股比例 共同投入、共享收益、共担风险，不存在向关联方输送利益的 ...

证券代码：002896 证券简称：中大力德 公告编号：2025-053 宁波中大力德智能传动股份有限公司 第四届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 宁波中大力德智能传动股份有限公司（以下简称"公司"）第四届董事会第 四次会议通知已于 2025 年 11 月 12 日以通讯方式向各位董事发出，本次会议于 2025 年 11 月 19 日以通讯方式召开。会议由董事长岑国建先生主持，会议应出 席董事 8 名，实际出席董事 8 名，公司高级管理人员列席本次会议。本次会议的 召集、召开符合《公司法》等有关法律、法规及《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于与关联方共同投资设立合资公司暨关联交易的议案》 表决结果：有效表决票 6 票，同意票 6 票，反对票 0 票，弃权票 0 票。 同意公司与关联方岑国建、李清、梁光伟、北京群昱智造科技有限公司共同 投资设立佛山天元传动科技有限公司（暂定名，以下简称"合资公司"），合资 公司投资总额为人民币800万元，其中公司以自有货币资金出资人民币3 ...

Group 1 - The company plans to jointly invest with related parties to establish a new company named Foshan Tianyuan Transmission Technology Co., Ltd. [1] - The total investment amount for the joint venture is set at 8 million RMB, with the company contributing 3.2 million RMB, which represents 40% of the total investment [1]

Core Viewpoint - The stock of Ningbo Zhongda Lide Intelligent Transmission Co., Ltd. has shown significant price movements and trading activity, indicating investor interest and potential growth in the mechanical transmission and control sector [1][2]. Group 1: Stock Performance - As of November 18, Zhongda Lide's stock price increased by 2.08%, reaching 84.88 CNY per share, with a trading volume of 260 million CNY and a market capitalization of 16.681 billion CNY [1]. - The stock has risen 189.24% year-to-date, with a 2.51% increase over the last five trading days, but has seen a decline of 4.71% over the past 20 days and 16.51% over the last 60 days [1]. - The company has appeared on the trading leaderboard 17 times this year, with the most recent instance on September 15, where it recorded a net purchase of 311 million CNY [1]. Group 2: Company Overview - Zhongda Lide, established on August 28, 2006, and listed on August 29, 2017, specializes in the research, production, sales, and service of key components in the mechanical transmission and control application fields [2]. - The company's revenue composition includes intelligent execution units (38.49%), reduction motors (37.00%), precision reducers (22.41%), and other components (1.30%) [2]. - As of September 30, the company had 86,300 shareholders, an increase of 51.99%, with an average of 2,276 circulating shares per shareholder, a decrease of 34.21% [2]. Group 3: Financial Performance - For the period from January to September 2025, Zhongda Lide reported a revenue of 765 million CNY, reflecting a year-on-year growth of 3.14%, and a net profit attributable to shareholders of 57.21 million CNY, up 0.48% year-on-year [2]. - The company has distributed a total of 160 million CNY in dividends since its A-share listing, with 61.98 million CNY distributed over the past three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include several ETFs focused on robotics, with notable increases in holdings from some and exits from others [3]. - The top three circulating shareholders include the E Fund National Index Robotics Industry ETF, holding 3.7161 million shares, and the Huaxia CSI Robotics ETF, which increased its holdings by 606,000 shares [3].

Core Viewpoint - Yushu Technology has completed its IPO guidance work and plans to apply for an IPO in China, marking a significant step towards becoming the first humanoid robot company listed in A-shares, which is expected to drive new development opportunities in the entire robotics industry chain [1] Group 1: IPO and Market Potential - The completion of Yushu Technology's IPO guidance reflects the accelerated capitalization of the robotics industry, showcasing a precise match between capital efficiency and technology cycles [1] - Yushu Technology's post-C round financing valuation reached 12 billion yuan, with major investments from China Mobile, Tencent, Alibaba, and others [1] - The market size for embodied intelligence in China is projected to reach 5.295 billion yuan by 2025, accounting for approximately 27% of the global market, while the humanoid robot market is expected to reach 8.239 billion yuan, representing about 50% of the global market [1] Group 2: Industry Collaboration and Supply Chain - The IPO of Yushu Technology is anticipated to lead to increased orders for related supply chain companies, fostering a positive ecosystem through upstream and downstream collaboration [2] - The humanoid robot industry encompasses various segments, with core components and sensors, AI algorithms, and application scenarios being critical areas of focus [3] - Yushu Technology's capitalized progress is expected to positively impact its supply chain partners through collaboration in supply chain cooperation, technology research, and market expansion [3] Group 3: Strategic Partnerships - Yushu Technology has established stable partnerships with several listed companies, including Giant Star Legend and Zhongdali De, enhancing its commercial application capabilities [3] - A joint venture, Yuxing Entertainment Technology Co., Ltd., has been formed between Yushu Technology and Giant Star Legend to develop globally influential interactive smart robot products [4] - The first product from this collaboration, "Giant Star Dog," has secured over 120 million yuan in orders, demonstrating the commercial potential of the "IP + robot + AI" integration model [5] Group 4: Supply Chain Contributions - Key suppliers for Yushu Technology include Zhongdali De, which provides core components, and Lingyun Light, which collaborates on developing embodied intelligence solutions [5][6] - Other suppliers include Aobo Zhongguang for 3D visual sensors, Zhaoyi Innovation for NOR Flash chips, and Weilan Lithium for lithium batteries [7] - Companies like iFlytek and Baotong Technology are also collaborating with Yushu Technology to enhance AI voice interaction and develop industrial robots for various applications [9]

Group 1 - The core point of the article highlights the performance of Ningbo Zhongdali Intelligent Transmission Co., Ltd., which saw a stock price increase of 5.05% to 84.49 CNY per share, with a trading volume of 382 million CNY and a turnover rate of 2.34%, resulting in a total market capitalization of 16.604 billion CNY [1] - The company, established on August 28, 2006, and listed on August 29, 2017, specializes in the research, production, sales, and service of key components in the mechanical transmission and control application fields [1] - The main business revenue composition includes intelligent execution units at 38.49%, reduction motors at 37.00%, precision reducers at 22.41%, with other supplementary components at 1.30% and accessories at 0.80% [1] Group 2 - Tianhong Fund's Tianhong CSI Robot ETF (159770) is among the top ten circulating shareholders of Zhongdali, having increased its holdings by 225,100 shares in the third quarter, totaling 1,294,400 shares, which represents 0.66% of the circulating shares [2] - The Tianhong CSI Robot ETF, established on October 26, 2021, has a latest scale of 9.078 billion CNY, with a year-to-date return of 24.13%, ranking 2292 out of 4216 in its category, and a one-year return of 23.32%, ranking 1783 out of 3956 [2] Group 3 - The fund managers of Tianhong CSI Robot ETF are Liu Xiaoming and Qi Shichao, with Liu having a cumulative tenure of 7 years and 54 days, managing assets totaling 19.894 billion CNY, achieving a best fund return of 65.27% and a worst return of -46.54% during his tenure [3] - Qi Shichao has a cumulative tenure of 300 days, managing assets of 32.53 billion CNY, with a best fund return of 48.41% and a worst return of 3.64% during his tenure [3]

Core Viewpoint - Yushu Technology Co., Ltd. plans to submit its IPO application in Q4 2025, marking a significant milestone as the first profitable humanoid robot company globally, which is expected to attract attention to the entire humanoid robot industry chain [1] Shareholding/Investment - Juxing Technology holds shares in Yushu Technology through its subsidiary, ensuring clear equity investment and direct asset appreciation [3] - Jing Shan Light Machine participated in Yushu's early investment through an industrial investment fund, though specific shareholding ratios are not disclosed [3] - Shoukai Co., Ltd. indirectly holds approximately 0.85% of shares through the Jinshi Growth Fund, indicating a relatively high indirect shareholding among A-share listed companies [3] - Jinfat Technology holds 4.77% indirectly through the Jinshi Growth Fund and is a leading chemical materials company with over 60% market share in robot shell materials, reporting a 35.5% revenue growth in H1 2025 [3] - Wolong Electric Drive holds 0.1525% indirectly and has seen a 36.76% net profit increase in H1 2025, with a gross margin of 28% [3] - Other companies like Jingxing Paper and Rongsheng Environmental Protection hold minor indirect stakes, primarily for financial investment [3][4] Core Suppliers - Zhongdali De is the core supplier of planetary reducers, with orders locked at 3.2 billion yuan for 2025, accounting for 36% of Yushu's costs [6] - Changsheng Bearings exclusively supplies self-lubricating bearings with over 80% penetration, expecting 8% of its revenue from robot business in 2025 [6] - Aobi Zhongguang is the sole supplier of 3D vision modules, with a supply ratio of 72% and a doubling of revenue in H1 2025 [6] - Lide Technology provides flexible tactile sensors, breaking the monopoly of Korean companies [6] - Weilan Lithium Core is the core supplier of lithium batteries for Yushu, with an expected 60% supply ratio in 2024 [6] Technical Cooperation Partners - iFLYTEK collaborates on developing the "robot brain," with a leading position in voice recognition and a planned R&D investment of 2.392 billion yuan in 2025 [8] - Lingyun Optical is jointly developing the FZMotion motion capture system, achieving high precision and expected stock price growth of over 200% in 2025 [8] - Zhongke Chuangda provides motion control algorithms and holds 1.86% of shares, with strong adaptability in edge computing modules [8] - Other partners include Shuanglin Co., Ltd. and Shengtong Co., Ltd., focusing on various components and educational collaborations in robotics [8][9]

Core Insights - Ningbo Zhongdali Intelligent Transmission Co., Ltd. showcased its latest intelligent drive solutions at the 2025 DMP Greater Bay Area Industrial Expo in Shenzhen, which gathered over 1,200 manufacturing enterprises and is expected to attract more than 120,000 professional visitors [1][2] - The company highlighted its advanced products, including DC and AC gear motors, planetary gear reducers, and precision cycloidal pinwheel reducers, which meet industry-leading standards in precision retention, transmission efficiency, and service life [1][2] - The precision cycloidal pinwheel reducer, a representative product, demonstrates significant technological breakthroughs in core processes, featuring optimized tooth shape design and special material treatment processes, meeting the stringent requirements of industrial robots for precision transmission [1][2] Industry Trends - The expo reflected the ongoing progress of domestic enterprises in the core component sector, emphasizing the increasing importance of core components as the manufacturing industry transitions towards intelligent and green development [2] - Zhongdali is committed to continuous technological research and process innovation to enhance product performance and quality stability, providing reliable power transmission solutions for downstream applications [2] - The company plans to strengthen its technical research and process improvements to promote high-quality development in the manufacturing sector [2]