Group 1 - The company has confirmed that its electronic skin can be applied in humanoid robots, as disclosed in previous public information [2] - The company has the capability for mass production of its electronic skin products [2]

Core Viewpoint - The company, Hanwei Technology, has confirmed that its sensor products based on MEMS and electrochemical principles can detect target gases released by solid-state batteries, indicating a potential application in the solid-state battery sector [2]. Group 1 - The company has received project designations from leading domestic manufacturers for its sensor products [2]. - Small batch orders have been submitted to major domestic battery companies and manufacturers for testing purposes [2].

Core Viewpoint - The company has reported positive developments in its sensor business related to robotics, with an increase in orders and customer numbers since the beginning of the year, although the revenue contribution remains low due to the early stage of the industry [1] Group 1: Business Progress - The company's sensor products in the robotics application field have seen growth in both orders and customer numbers compared to the beginning of the year [1] - Revenue contribution from the robotics sector is on the rise, indicating a positive trend [1] Group 2: Industry Context - The robotics industry is still in its early stages, which limits the overall revenue contribution from this sector to the company's total revenue [1] - The current revenue impact from the robotics application is not expected to significantly affect the company's overall operating performance [1]

Group 1 - The core viewpoint is that Hanwei Technology (300007) has seen an increase in orders and customer numbers for its sensor products in the robotics application sector compared to the beginning of the year [1] - The revenue proportion from this sector has also increased, although it still represents a low percentage of the overall revenue [1] - The company indicates that the industry is still in its early stages, and thus, it will not have a significant impact on the company's operating performance at this time [1]

Core Viewpoint - Hanwei Technology announced on September 28 that its products, including laser sensors, accelerometers, and inertial navigation systems, can be applied in the military industry [1] Group 1 - The company has a range of products suitable for military applications [1]

Core Viewpoint - Hanwei Technology holds the leading market share in domestic gas sensors, with flexible sensors opening up growth opportunities [1] Group 1: Market Position and Product Focus - The company focuses on its core business, with high-margin sensors and smart instruments continuously increasing their revenue share [1] - Hanwei Technology consolidates its existing advantages in gas sensors while actively advancing its layout in optoelectronic and flexible sensors, being one of the earliest companies in China to engage in flexible sensor R&D [1] - The company has a globally leading capability in the industrialization of flexible sensors [1] Group 2: Performance and Growth Potential - The main business is experiencing a performance inflection point, with improved profitability [1] - The humanoid robot segment is entering an expansion phase, with electronic skin being a key component for achieving "embodied intelligence" [1] - The company has established a multi-dimensional product matrix covering "touch - balance - force control - smell" in the field of embodied intelligence [1] Group 3: Investment Rating - The report initiates coverage with an "Accumulate" rating [1]

Market Overview - The Shanghai Composite Index closed flat compared to the previous day, while the CSI 300 rose by 0.6%, the STAR 50 increased by 1.2%, the CSI 1000 fell by 0.4%, and the ChiNext Index rose by 1.6% [4] - The best-performing sectors included Media (+2.2%), Communication (+2.0%), Non-ferrous Metals (+1.9%), Electric Equipment (+1.6%), and Computer (+1.5%), while the worst-performing sectors were Textiles and Apparel (-1.5%), Comprehensive (-1.3%), Agriculture, Forestry, Animal Husbandry and Fishery (-1.2%), Home Appliances (-1.1%), and Transportation (-1.0%) [4] - The total trading volume in the Shanghai and Shenzhen markets was 23,711 billion, with a net inflow of 11.05 billion HKD from southbound funds [4] Important Recommendations Meili Xin (301307) - The company is a global leader in precision die-casting and is expected to explore new markets in liquid cooling, humanoid robots, and semiconductors [5] - The recommendation logic includes anticipated performance recovery and new business opportunities in liquid cooling, humanoid robots, and semiconductors [5] - Revenue projections for 2025-2027 are 4,190 million, 5,192 million, and 5,991 million, with growth rates of 14.5%, 23.9%, and 15.4% respectively [5] Weiteng Electric (688226) - The company is a leading domestic busbar manufacturer, positioned in the high-growth AIDC sector, with solar and energy storage businesses driving growth [6] - Revenue projections for 2025-2027 are 4,109.27 million, 4,806.30 million, and 5,645.62 million, with growth rates of 18.06%, 16.96%, and 17.46% respectively [7] Xizhuang Co., Ltd. (001332) - The company is a leader in high-end pressure vessels and is benefiting from trends in controllable nuclear fusion [8] - Revenue projections for 2025-2027 are 1,367.66 million, 1,504.43 million, and 1,654.87 million, with growth rates of -10.83%, 10.00%, and 10.00% respectively [8] Hanwei Technology (300007) - The company is a leading sensor manufacturer, with flexible sensors opening new growth opportunities [9] - Revenue projections for 2025-2027 are 2,502.43 million, 2,833.99 million, and 3,225.08 million, with growth rates of 12.34%, 13.25%, and 13.80% respectively [9]

Market Performance - The ChiNext Index fell by 0.16%, closing at 3091.00 points, with a total trading volume of 603.66 billion yuan, a decrease of 231.40 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 378 stocks closed higher, with 14 stocks rising over 10%, including Yuma Technology, Green Island Wind, and Tianshan Electronics, which hit the daily limit [1] - A total of 990 stocks closed lower, with 3 stocks declining over 10% [1] Turnover Rate - The average turnover rate for the ChiNext today was 4.39%, with 28 stocks having a turnover rate exceeding 20% [1] - The highest turnover rate was for Boliang Optoelectronics at 53.62%, which closed up 14.60% with a trading volume of 2.609 billion yuan [1][3] - Other notable stocks with high turnover rates included *ST Dongtong, Xidian Co., and Lihengxing, with turnover rates of 48.18%, 45.66%, and 43.85% respectively [1][3] Institutional Activity - Six high-turnover ChiNext stocks appeared on the Dragon and Tiger List, with five stocks showing institutional participation [3] - Lihengxing had four institutional seats with a total net purchase of 51.92 million yuan, while Tianshan Electronics had two institutional seats with a net purchase of 45.53 million yuan [3] - Boliang Optoelectronics saw a net sell-off of 131 million yuan despite a net purchase of 629.35 million yuan from the Shenzhen Stock Connect [3] Capital Flow - Among high-turnover stocks, 19 experienced net inflows of main funds, with Boliang Optoelectronics, Wanlima, and Kexin Machinery receiving the most significant inflows of 209 million yuan, 120 million yuan, and 113 million yuan respectively [4] - Conversely, Hanwei Technology, Gaolan Co., and Lihengxing faced the largest net outflows of 364 million yuan, 179 million yuan, and 178 million yuan respectively [4] - Only one high-turnover stock released a performance forecast for the first three quarters, with Aifenda expecting a net profit of 99 million yuan, representing a year-on-year increase of 14.72% [4]

Core Viewpoint - The SENSOR CHINA 2025 exhibition will take place from September 24 to 26, showcasing the advancements in the sensor industry over the past decade and focusing on technology iteration and market explosion [13][24]. Event Details - The exhibition will cover an area of 30,000 square meters and feature over 600 sensor-related enterprises, with 8 major display zones and more than 30 high-profile concurrent events [1][13]. - The event will gather over 500 industry leaders to discuss growth trends and innovations in the sensor industry [1][18]. Registration and Attendance - Pre-registration for attendees is currently ongoing, allowing for easy access to entry tickets and conference passes [3][7]. - Attendees can exchange their pre-registration QR codes for visitor badges at the venue [7][8]. Exhibition Highlights - The exhibition will feature a variety of concurrent forums and activities, including discussions on sensor technology applications in smart manufacturing, smart driving, and environmental monitoring [18][20]. - A total of 30+ forums will be held, with participation from over 500 industry experts, academicians, and leaders [18][20]. Special Features - The event will include the finals of the International Smart Sensor Innovation Competition, showcasing 30 outstanding projects that have advanced through rigorous selection [25]. - Eight specialized exhibition zones will be set up, covering various aspects of the sensor industry, from robotics to smart healthcare [25]. Logistics and Amenities - The venue is located in Shanghai, with convenient access from major transportation hubs, including airports and train stations [30]. - Attendees can enjoy a variety of dining options nearby, with a range of cuisines available [30]. Future Events - The next SENSOR CHINA Expo & Conference is scheduled for September 16-18, 2026, at the same venue [34].

Group 1 - Several companies, including Wolong Electric Drive, Jinfat Technology, Wuzhou New Spring, and Wanxiang Qianchao, experienced a limit down in their stock prices [1] - Sanhua Intelligent Control and Bojie Co. are close to limit down, indicating significant market pressure [1] - Companies such as Junwei Intelligent and Hanwei Technology also showed notable declines in their stock prices [1]