Group 1 - Fenglong Co., Ltd. (002931) is located in Shaoxing, Zhejiang, specializing in precision manufacturing with core businesses in garden machinery, automotive parts, and hydraulic systems. The company has accumulated full-chain production capabilities and multiple patented technologies. By the end of 2025, humanoid robot leader UBTECH will complete its acquisition of a controlling stake in Fenglong, making it UBTECH's first subsidiary listed in A-shares. This acquisition represents a deep industrial synergy, as UBTECH needs mature manufacturing capabilities to support mass production, which Fenglong can provide for core components like joints and transmission systems [1][1][1] - Haoshi Electromechanical (300503) is headquartered in Guangzhou, Guangdong, and is a key player in the core components of humanoid robots, focusing on the research and development of frameless torque motors, harmonic reducers, and six-dimensional torque sensors. The company is a core supplier for Yuzhu Technology, with its components applied in the joint drive systems of quadruped and humanoid robots. Additionally, it has partnered with UBTECH to establish an innovation center for humanoid robots, tackling core technologies like six-dimensional sensors [2][2][2] - Tianqi Co., Ltd. (002009) is based in Wuxi, Jiangsu, and focuses on humanoid robot research in the industrial manufacturing sector, avoiding the C-end household scene. The company has established a joint venture with UBTECH to share core technologies and has built the first automotive working condition robot training base in Wuxi. It has signed long-term agreements with multiple automotive manufacturers, becoming a practical player in the commercialization of humanoid robots [3][3][3] Group 2 - Wuzhou Xinchun (603667) is a leading company in China that has achieved mass production of planetary roller screws, which are critical for the joint transmission of humanoid robots. The company has become an indirect first-level supplier to Tesla's Optimus through Hangzhou Xinjian Transmission, and its products meet international standards. It has also successfully entered the supply chains of major domestic clients like Huawei and ByteDance [4][4][4] - Zhejiang Rongtai (603119) is based in Jiaxing, Zhejiang, originally a leader in new energy vehicle insulation materials and a core supplier to Tesla. Starting in 2025, the company will enhance its humanoid robot business through acquisitions, including the acquisition of Diz Precision, which specializes in ball screws and electric cylinders, core components for humanoid robot joints [5][5][5] - Zhaowei Electromechanical (003021) is headquartered in Shenzhen, Guangdong, and specializes in micro transmission and drive systems, achieving technological breakthroughs in humanoid robot dexterous hands. The company has deeply penetrated the supply chains of leading humanoid robot companies like Tesla and Figure, supplying key components such as dexterous hand modules and micro hollow cup motors [6][6][6] Group 3 - Wolong Electric Drive (600580) is a leading company in the domestic motor sector, with a strong layout in humanoid robot joint power systems. It is the exclusive supplier of frameless torque motors for UBTECH's Walker S2 humanoid robot, which is a core power component for joint operation [7][7][7] - Orbbec (688322) is a domestic leader in the 3D vision field, providing critical visual perception capabilities for robots. The latest dual-camera 3D module it developed is used in UBTECH's Walker S2 humanoid robot, aiding in precise sorting operations in industrial scenarios [8][8][8] - Shangwei New Materials (688585) is based in Shanghai and specializes in high-performance materials. It is the exclusive supplier of adhesives for UBTECH's Walker S2 humanoid robot, providing carbon fiber joint adhesives and lightweight structural materials essential for the robot's stability and lifespan [9][9][9] Group 4 - Mingzhi Electric (603728) focuses on precision motors and motion control, being the only manufacturer globally to achieve mass production of slotless hollow cup motors. These motors are suitable for humanoid robot dexterous hands and finger joints, having been validated by Tesla's Optimus Gen2 [10][10][10] - Zhucheng Technology (301280) specializes in precision connector research and has established a significant presence in the robot industry chain. It is the exclusive supplier of connectors for UBTECH's entire series of humanoid robots, ensuring stable control and signal transmission [11][11][11] - Far East Co., Ltd. (600869) is based in Wuxi, Jiangsu, and provides key supporting components for humanoid robots, including robot cables and batteries. Its cables have been adapted for various joint movements in humanoid robots, and its cylindrical battery packs have been successfully integrated into industrial quadruped robots [12][12][12]

Group 1 - The robotics sector is experiencing a significant rise, with institutions noting major updates from Sanhua, including the upcoming contract for Optimus, which is set to begin phased deliveries in Q1 2026, covering 80,000 to 100,000 units, including orders for 2027, and securing supply rights for all 14 rotary joints and some linear actuators [1] - Yushu announced that its first national store will open on December 31 in Beijing's JD MALL, while a team from Harbin Institute of Technology has achieved milestones in humanoid robots and dexterous hands in collaboration with Boshih [1] - As of December 30, 2025, the Guozheng Robotics Industry Index (980022) surged by 4.71%, with constituent stocks such as Haoshi Electromechanical (300503) and Buke Co., Ltd. (688160) both rising by 20.00%, and other stocks like Shuanghuan Transmission (002472) and Green Harmonic (688017) also seeing gains [1] Group 2 - As of November 28, 2025, the top ten weighted stocks in the Guozheng Robotics Industry Index (980022) include Shuanghuan Transmission (002472), Ecovacs (603486), and Green Harmonic (688017), collectively accounting for 40.47% of the index [2] - The Penghua Robotics ETF (159278) has associated off-market links (A: 025698; C: 025699; I: 025700) [2]

Core Viewpoint - Hanwei Technology's stock has shown significant volatility, with a year-to-date increase of 155.12% and recent fluctuations in trading volume and price [1][2]. Group 1: Stock Performance - As of December 30, Hanwei Technology's stock price reached 52.07 CNY per share, with a trading volume of 7.07 billion CNY and a market capitalization of 170.50 billion CNY [1]. - The stock has experienced a 12.32% increase over the last five trading days and an 8.14% increase over the last 20 days, while it has decreased by 19.73% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) five times this year, with the latest appearance on September 16, where it recorded a net buy of 374 million CNY [1]. Group 2: Company Overview - Hanwei Technology Group Co., Ltd. was established on September 11, 1998, and went public on October 30, 2009. The company specializes in the research, production, and sales of gas sensors, gas detection instruments, and monitoring systems [2]. - The main revenue sources for Hanwei Technology are smart instruments (40.56%), integrated smart solutions (26.75%), sensors (15.95%), public utilities (15.28%), and others (1.47%) [2]. - The company operates within the mechanical equipment sector, specifically in general equipment and instrumentation [2]. Group 3: Financial Performance - For the period from January to September 2025, Hanwei Technology reported a revenue of 1.702 billion CNY, reflecting a year-on-year growth of 8.44%, and a net profit attributable to shareholders of 84.843 million CNY, which is a 6.33% increase compared to the previous year [2]. Group 4: Shareholder Information - As of September 30, 2025, Hanwei Technology had 79,400 shareholders, an increase of 6.87% from the previous period, with an average of 3,566 circulating shares per shareholder, a decrease of 6.43% [2][4]. - The top ten circulating shareholders include various funds, with notable changes in holdings, such as a decrease in shares held by Penghua Carbon Neutral Theme Mixed A and an increase by Hong Kong Central Clearing Limited [4].

Core Insights - The humanoid robot industry in China is expected to transition from technology validation to large-scale commercialization by 2025, driven by a combination of "encouragement" and "regulation" policies [1] - Key breakthroughs in self-research of "brain" algorithms and "body" hardware are anticipated, with market funding actively promoting industry chain aggregation and ecosystem formation [1] - 2025 is identified as a pivotal year for global humanoid robots, marking the shift from "technology demonstration" to "productization and order validation," with distinct paths emerging domestically and internationally [1] Industry Trends - Investment opportunities for 2026 are projected to focus on three main lines: complete machines, key components and core modules, and evolutionary development paths [1] - As of December 26, 2023, 23 humanoid robot concept stocks have seen net financing purchases exceeding 50 million yuan since December [1] - Among these stocks, 10 have experienced a price pullback of over 20% compared to their annual highs, with 3 stocks (Anpeilong, Hanwei Technology, and Zhaowei Electromechanical) showing pullbacks exceeding 30% [1]

Core Viewpoint - Hanwei Technology has shown significant stock performance with a year-to-date increase of 149.34%, despite a recent decline over the past 60 days [1] Group 1: Stock Performance - As of December 29, Hanwei Technology's stock price reached 50.89 CNY per share, with a market capitalization of 16.664 billion CNY [1] - The stock has experienced a net inflow of 11.8843 million CNY from major funds, with large orders accounting for 26.03% of total buy orders [1] - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) five times this year, with the latest occurrence on September 16, where it saw a net buy of 374 million CNY [1] Group 2: Company Overview - Hanwei Technology, established on September 11, 1998, and listed on October 30, 2009, specializes in gas sensors, gas detection instruments, and environmental monitoring solutions [2] - The company's revenue composition includes smart instruments (40.56%), integrated solutions (26.75%), sensors (15.95%), public utilities (15.28%), and others (1.47%) [2] - As of September 30, 2025, the company reported a revenue of 1.702 billion CNY, reflecting a year-on-year growth of 8.44%, and a net profit of 84.843 million CNY, up 6.33% year-on-year [2] Group 3: Dividend Information - Hanwei Technology has distributed a total of 239 million CNY in dividends since its A-share listing, with 94.8185 million CNY distributed over the past three years [3] Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include various funds, with notable changes in holdings among major shareholders [4] - Penghua Carbon Neutral Theme Mixed Fund is the third-largest shareholder, having reduced its holdings by 3.4046 million shares [4] - New institutional investors include E Fund National Robot Industry ETF and others, indicating a shift in shareholder composition [4]

Group 1 - Hanwei Technology has over 300 types of sensors, showcasing its extensive product range in the sensor market [1] - The company has achieved a breakthrough with its laser-based household gas alarm, utilizing TDLAS technology with a 1653.7nm laser, capable of detecting trace methane leaks in just 11 seconds, with over 1.5 million units shipped this year [1] - Hanwei has established a complete laser sensor production chain, from wafer chips to complete instruments, ensuring independent R&D and manufacturing [1] Group 2 - The automotive sensor market has seen significant growth for Hanwei, driven by the increasing demand for sensors in electric vehicles' battery management systems and motor control [1] - Hanwei's air quality sensors, carbon dioxide sensors, and dust sensors have been successfully supplied to leading domestic automotive manufacturers [1] - The company is actively participating in the emerging field of embodied intelligent humanoid robots, leveraging its rich sensor technology and product reserves [2] Group 3 - Hanwei has developed a series of five embodied intelligent sensor products, including tactile and visual sensors, aimed at applications in humanoid robots [2] - The company has overcome various technical challenges in flexible tactile sensors, achieving industry-leading product specifications and market maturity [2] - Hanwei is focused on consolidating its technological advantages in the embodied intelligence sector through investments and acquisitions, while encouraging the development of the industry in Henan [2]

Group 1: Overseas Market Development - Arrow Home has been focusing on internationalization, increasing strategic investment in overseas markets, and establishing partnerships with local distributors to expand its sales network, resulting in significant revenue growth outside North America, although overall overseas revenue has declined due to changes in the international economic environment [2] - Yiduoli has been enhancing its overseas market presence, with product registrations completed in over 30 countries and regions, and plans to establish a subsidiary in Brazil to strengthen sales coverage in Latin America [3] - Companies like Boying Welding and Jereh have also reported significant progress in their international strategies, with Boying Welding investing in a production base in Vietnam and Jereh expanding its overseas business to over 70 countries [4] Group 2: New Year Development Plans - Wave Optoelectronics plans to focus on semiconductor and laser businesses, aiming for steady growth and expansion into new application areas while maintaining core competitiveness [5] - Arrow Home intends to enhance retail channel management and promote new products in collaboration with Hongmeng Smart Selection, aiming for broader coverage and efficiency in 2026 [5] - Changbao Co. expects to maintain a favorable market for boiler pipes and will focus on high-end product promotion and structural upgrades [7] Group 3: AI Development - Shenzhen Huaqiang emphasizes that AI is a core driver for growth in electronic components, with increasing demand in AI servers and data centers [8] - Zhongdian Port reported a significant increase in AI-related revenue, reaching 9.309 billion yuan in the first three quarters of 2025, reflecting a 78.3% year-on-year growth [9] - Companies like Hanwei Technology are actively integrating AI into their product offerings, developing multi-dimensional sensor systems for intelligent robotics [8][9]

Core Viewpoint - Hanwei Technology's stock rose by 5.07% to 49.55 CNY per share, with a trading volume of 862 million CNY and a turnover rate of 6.25%, resulting in a total market capitalization of 16.225 billion CNY [1] Company Overview - Hanwei Technology Group Co., Ltd. is located in Zhengzhou High-tech Development Zone, Henan Province, and was established on September 11, 1998, with its listing date on October 30, 2009 [1] - The company's main business includes the research, production, sales, and export of gas sensors, gas detection instruments, and monitoring systems, as well as the treatment of organic waste gas and wastewater [1] - The revenue composition of the main business is as follows: smart instruments 40.56%, intelligent comprehensive solutions 26.75%, sensors 15.95%, public utilities 15.28%, and others 1.47% [1] Shareholder Information - E Fund's ETF, the E Fund National Robot Industry ETF (159530), entered the top ten circulating shareholders of Hanwei Technology in the third quarter, holding 4.5506 million shares, which is 1.61% of the circulating shares [2] - The estimated floating profit from this investment is approximately 10.8759 million CNY [2] - The E Fund National Robot Industry ETF was established on January 10, 2024, with a latest scale of 13.315 billion CNY, and has achieved a year-to-date return of 24.92% [2] Fund Manager Performance - The fund manager of the E Fund National Robot Industry ETF is Li Shujian, who has been in the position for 2 years and 109 days, with a total asset scale of 19.758 billion CNY [3] - During his tenure, the best fund return was 112.73%, while the worst was -11.43% [3] - Another fund manager, Li Xu, has been in his position for 3 years and 31 days, managing assets totaling 26.712 billion CNY, with a best return of 135.8% and a worst return of -4.36% [3] Fund Holdings - The E Fund's ETF, the E Fund Growth Mid-Cap 200 ETF (159572), holds 98,500 shares of Hanwei Technology, representing 0.97% of the fund's net value, ranking as the ninth largest holding [4] - The estimated floating profit from this investment is approximately 235,400 CNY [4] - The E Fund Growth Mid-Cap 200 ETF was established on December 15, 2023, with a latest scale of 644 million CNY, achieving a year-to-date return of 28.49% [4]

Core Insights - The main market experienced a net outflow of 25.641 billion yuan as of December 25, with significant capital inflows into specific sectors [1] Group 1: Sector Performance - Aerospace and defense sector saw a capital inflow of 1.867 billion yuan, with a price increase of 3.5% [2] - Automotive parts sector attracted 1.827 billion yuan, with a price rise of 1.52% [2] - General equipment sector recorded a net inflow of 1.600 billion yuan, with a price increase of 1.69% [2] - Electric motor sector had a capital inflow of 0.605 billion yuan, with a price increase of 2.45% [2] - Packaging materials sector saw an inflow of 0.513 billion yuan, with a price rise of 1.95% [2] - Real estate development sector attracted 0.255 billion yuan, with a price increase of 0.56% [2] Group 2: Additional Sector Insights - Trade industry experienced a net inflow of 0.152 billion yuan, with a price increase of 0.89% [3] - Beverage industry saw a capital inflow of 0.100 billion yuan, with a price rise of 0.1% [3] - Insurance sector attracted 0.095 billion yuan, with a price increase of 2.3% [3] - Instrumentation sector had a net inflow of 0.083 billion yuan, with a price increase of 0.77% [3]

证券代码： 300007 证券简称：汉威科技 汉威科技集团股份有限公司 投资者关系活动记录表 编号：2025-006 作为国内成立较早的传感器企业之一，已经通过"内生+外延" 完成了"传感器-智能仪表-物联网解决方案"产业生态的基础搭 建，目前公司的投资计划更倾向于在这个产业生态中进行。总的 来说，公司最重要的投资逻辑就是以传感器为核心，无论是传感 器本身还是传感器行业的上下游，公司将围绕传感器也是公司的 核心业务进行投资并购，夯实传感器平台的战略地位。同时也会 关注一些成长性较好的下游行业比如具身智能等，发挥传感器平 台优势，提升公司在高成长行业里的竞争力。 Q3：公司今年在具身智能行业的布局及进展情况？ A3：公司高度重视具身智能行业的成长性，今年结合产品优势在 该领域构建了覆盖"嗅觉-触觉-平衡-力控-视觉"的多维传感器 矩阵，为具身智能机器人构建起一个立体、多维的感知系统。除 了产品本身以外，作为一个传感器平台公司，上述传感器核心技 术皆自主可控，扎实的研产实力不仅保障了产品性能，更支撑了 从功能定制、产品定制到快速交付的全层次服务，能高效满足具 身智能传感器等领域的多样化需求。因此，今年借助公司长久 ...