数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：机器人（300024）,埃斯顿（002747）,新时达（002527）,拓斯达（300607）,汇川技术 （300124）,华中数控（300161）,佳士科技（300193）,亚威股份（002559）,拓山重工（001226）,昊志 机电（300503） 2020-2025年1-11月中国工业机器人产量统计图 相关报告：智研咨询发布的《2026-2032年中国工业机器人行业竞争策略研究及未来前景展望报告》 根据国家统计局数据显示：2025年11月中国工业机器人产量为7万套，同比增长20.6%；2025年1-11月中 国工业机器人累计产量为67.4万套，累计增长29.2%。 ...

on 12-Jan-2026 12 January 2026 Asia Industrial Technology and Asia Emerging Robotics Humanoid Robotics: Who plays where Jay Huang, Ph.D. +852 2123 2631 jay.huang@bernsteinsg.com EXHIBIT 1: Non-Chinese humanoid robot OEMs Dien Wang, Ph.D. +852 2123 2622 dien.wang@bernsteinsg.com Weibin Liang, Ph.D. +852 2123 2666 weibin.liang@bernsteinsg.com We analyze ~150 players globally in the humanoid robotics space to provide a map of industry participants and their business scope (Exhibit 1 to Exhibit 5). We note the ...

证券代码：300124 证券简称：汇川技术 公告编号：2026-001 深圳市汇川技术股份有限公司 关于第五期股权激励计划首次授予部分限制性股票 第四个归属期归属结果暨股份上市的公告 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。 特别提示： 1．本次归属股票人数：3人（第一种授予价格和第二种授予价格限制性股票 的激励对象相同）； 2．本次归属股票数量：241,875股，占归属前总股本比例0.01%，其中，第一 种授予价格限制性股票57,750股，第二种授予价格限制性股票184,125股； 3．本次归属股票的上市流通日：2026年1月14日（星期三）； 4．归属股票来源：公司向激励对象定向发行公司A股普通股股票。 深圳市汇川技术股份有限公司（以下简称"公司"）于 2024 年 8 月 23 日召开 第六届董事会第三次会议、第六届监事会第三次会议，审议通过了《关于第五期股 权激励计划首次授予限制性股票第四个归属期归属条件成就的议案（关于 7 折股票 的归属）》《关于第五期股权激励计划首次授予限制性股票第四个归属期归属条件成 就的议案（关于 9.9 折股票的归属） ...

Group 1 - The core point of the article is that Huichuan Technology, a Chinese industrial robot manufacturer, is considering a secondary listing in Hong Kong and has begun preliminary discussions with potential advisors regarding the share offering [1][2] - The scale of such an IPO is typically between 5% to 10% of the company's market value, but details regarding the size and timing are still under discussion [1] - Huichuan Technology is a leading enterprise in the industrial automation sector, with its core business covering four major segments: general automation, new energy vehicles, smart elevators, and rail transit [1][2] Group 2 - In the general automation segment, Huichuan's core products include frequency converters, servo systems, PLC/HMI, high-performance motors, sensors, machine vision, and industrial robot products [1] - The company holds significant market shares in China, with 28% in the servo system sector, 18.6% in the medium and low-frequency transformer market, and 27% in SCARA robot sales, all ranking first in China [1] - For the financial performance in the first nine months of 2025, Huichuan reported revenue of 31.663 billion yuan, a year-on-year increase of 24.67%, and a net profit attributable to shareholders of 4.254 billion yuan, up 26.84% [2]

智通财经iAPP获悉，据报道，中国工业机器人制造商汇川技术（300124）(300124.SZ)正在考虑赴香港 二次上市。该公司已与潜在顾问就供股事宜展开初步讨论。报道称，此类IPO的规模通常在公司市值的 不足5%至10%之间。由于目前仍属初步考虑阶段，包括规模和时机在内的细节仍在商讨中。对此，汇 川技术暂未回应。 据悉，汇川技术是工业自动化领域的龙头企业，核心业务覆盖四大板块：通用自动化方面，核心产品包 括：变频器、伺服系统、PLC/HMI、高性能电机、传感器、机器视觉等工业自动化核心部件及工业机 器人产品。其中，中国伺服系统领域份额28%，中、低频变压器市场份额18.6%，SCARA机器人销量份 额27%，均位居中国第一。新能源汽车方面，核心产品包括：电驱系统(电机、电机控制器、电驱总成) 和电源系统(DC/DC、OBC、电源总成)。 另外，智慧电梯方面，核心产品包括：电梯控制系统(一体化控制器/变频器)、人机界面、门系统、控制 柜、线缆线束、井道电气、电梯物联网等产品及电气大配套解决方案。轨道交通方面，核心产品包括： 涵盖规划设计、核心零部件、车辆制造、运营维保等，核心零部件主要包括车身系统、电气系统、 ...

智通财经iAPP获悉，据报道，中国工业机器人制造商汇川技术(300124.SZ)正在考虑赴香港二次上市。 该公司已与潜在顾问就供股事宜展开初步讨论。报道称，此类IPO的规模通常在公司市值的不足5%至 10%之间。由于目前仍属初步考虑阶段，包括规模和时机在内的细节仍在商讨中。对此，汇川技术暂未 回应。 据悉，汇川技术是工业自动化领域的龙头企业，核心业务覆盖四大板块：通用自动化方面，核心产品包 括：变频器、伺服系统、PLC/HMI、高性能电机、传感器、机器视觉等工业自动化核心部件及工业机 器人产品。其中，中国伺服系统领域份额28%，中、低频变压器市场份额18.6%，SCARA机器人销量份 额27%，均位居中国第一。新能源汽车方面，核心产品包括：电驱系统(电机、电机控制器、电驱总成) 和电源系统(DC/DC、OBC、电源总成)。 另外，智慧电梯方面，核心产品包括：电梯控制系统(一体化控制器/变频器)、人机界面、门系统、控制 柜、线缆线束、井道电气、电梯物联网等产品及电气大配套解决方案。轨道交通方面，核心产品包括： 涵盖规划设计、核心零部件、车辆制造、运营维保等，核心零部件主要包括车身系统、电气系统、转向 系统、牵引 ...

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on AI equipment and consumables, as well as engineering machinery [1]. Core Insights - The mechanical industry is expected to benefit from the acceleration of AI applications, particularly in high-performance servers and GPU demand, driven by the rapid iteration of AI models and smart hardware [7]. - The excavator market is projected to exceed expectations in both domestic and international sales, with a forecasted 17% year-on-year growth in 2025, supported by government policies and infrastructure projects [7]. - The report emphasizes the potential for a new recovery cycle in the equipment industry, driven by monetary and fiscal policy support, and suggests focusing on key companies across various segments [7]. Summary by Sections Key Company Earnings Forecast, Valuation, and Investment Ratings - Companies such as 汇川技术 (Inovance Technology), 法兰泰克 (Falan Tech), and 信捷电气 (Xinjie Electric) are rated as "Strong Buy" with projected EPS growth and favorable PE ratios [2][8]. - For example, 汇川技术 is expected to have an EPS of 2.11元 in 2025, with a PE ratio of 37.13, indicating strong growth potential [2]. Industry and Company Investment Views - The report highlights the AI equipment and consumables sector as a key area for investment, with significant growth expected in the PCB market driven by AI infrastructure needs [9]. - The engineering machinery sector is also highlighted, with companies like 三一重工 (Sany Heavy Industry) and 徐工机械 (XCMG) expected to benefit from increased domestic demand and international market recovery [7][9]. Key Data Tracking - The report provides macroeconomic data indicating a total market capitalization of 70,956.73 billion yuan for the mechanical industry, with 636 listed companies [4]. - The mechanical sector has shown strong performance, with a 5.7% increase in the sector index over the past week, outperforming major indices [11][14].

2010 09 28 2015 11-10 2013 04-25 020 12-11 2023-06-28 2026-01-09 2012 据指， 汇川技术已与潜在顾问就供股事宜展开初步讨论。 据公司网站介绍， 汇川技术聚焦工业领域的自动化、数字化、智慧化，专注于「信息层、控制层、驱 动层、执行层、感测层」核心技术，专注于工业自动化控制产品的研发、生产和销售，定位服务于高端 设备制造商。 汇川技术，于2010年9月28日在深交所挂牌上市。截至周五市，其 每股报78.30元，目前总市值约 2,119.32亿元人民币。 江川技术(SZ:300124) 深殿通 可融资 可卖空 加自选 « » ¥78.30 +0.72 +0.93% 22.65 万球友关注 休市 01 09 15:34:45 北京时间 涨停:93.10 成交量:33.09万手 最高: 78.98 今开: 77.46 最低: 77.31 昨收:77.58 跌停:62.06 成交额:25.88亿 换手:1.39% 盘后昼:0手 量比:0.87 总市值:2119.32亿 振幅:2.15% 盘后额:0.00 委比: 7.27% 流通值: 1857.29亿 市 ...

Group 1 - The core function of the PCS (Power Conversion System) is to facilitate bidirectional energy conversion between energy storage battery systems and the grid, managing both charging and discharging processes [2] - PCS products can be categorized based on system integration structure into centralized, string, and distributed types, and by operating mode into grid-connected, off-grid, and hybrid types [3] - The rated power of PCS has increased from 1.725MW to 2.5MW and above, with high-power models becoming mainstream due to the rapid expansion of energy storage systems [5] Group 2 - The demand for string PCS is rapidly growing as traditional centralized architectures face issues like battery parallel circulation, driven by the increasing scale of energy storage systems [5] - The report from Qidian Research Institute SPIR indicates that the top companies in China for PCS shipments in 2025 will include Kehua Data, Sungrow Power, and Huawei Digital Energy among others [5][7] - The global energy storage market analysis is part of a comprehensive report that includes various chapters on industry definitions, technology classifications, and policy analyses [8]

知情人士称，汇川技术正在考虑赴香港二次上市，加入诸多被香港热火朝天的IPO市场所吸引的公司行 列。据他们透露，汇川技术已与潜在顾问就供股事宜展开了初步讨论。此类交易的规模通常在公司市值 的不足5%-10%之间。知情人士称，目前仍属初步考虑阶段，包括规模和时机在内的细节仍在商讨中。 汇川技术的一位代表没有回应置评请求。 ...