Core Viewpoint - Huichuan Technology (300124) reported on August 28 that the growth in downstream industries such as lithium batteries, electric engineering machinery, logistics equipment, air conditioning and refrigeration, and 3C equipment (excluding mobile phones) is providing strong support for the growth of its general automation business [1] Industry Summary - The lithium battery industry is experiencing significant growth, contributing positively to the overall market [1] - Electric engineering machinery is also seeing an upward trend, which benefits the automation sector [1] - Logistics equipment is growing, indicating a robust demand in this area [1] - The air conditioning and refrigeration industry is performing well, further supporting automation growth [1] - The 3C equipment sector, excluding mobile phones, is showing good growth, enhancing the overall business environment for automation [1]

Group 1 - The core viewpoint of the article highlights that Huichuan Technology (300124) reported strong operating cash flow performance in the first half of the year, driven by increased sales scale and a year-on-year rise in cash receipts from sales [1] - The company places significant emphasis on customer payment management, resulting in good payment performance from both downstream distributors and direct customers, including automotive clients [1]

Core Viewpoint - Huichuan Technology (300124) announced on August 28 that its R&D expense ratio is approximately 10%, focusing on key areas such as software development, overseas market products, and strategic business investments including humanoid robots [1] Group 1 - The company invests in software fields, including FA platforms, PLC, CNC, and digital platforms, aiming to address domestic shortcomings [1] - Development of products for overseas markets is a significant focus for the company [1] - Other strategic business investments include products related to humanoid robots [1]

Core Viewpoint - The core competitiveness of the company lies in customized solutions based on industry needs and multi-product offerings [1] Group 1: Company Strategy - The company has adjusted its organizational and marketing strategies, particularly in managing strategic customers, with five major goals set to enhance core competitiveness [1] - The company has achieved further market share growth in its core products such as inverters and servos during the first half of the year [1] Group 2: Competitive Position - The company's competitive strategy against international brands has shown positive results [1]

Group 1 - The company Huichuan Technology (300124) announced on August 28 that national policies have had a certain effect [1] - The company indicated that by the first half of 2025, the level of industry competition (referred to as "involution") is expected to decrease compared to 2024, although it will still exist [1]

Core Viewpoint - Huichuan Technology (300124) announced on August 28 that it does not have information on the inventory cycle of foreign brands [1] Group 1: Company Performance - The price of industrial automation products has decreased this year, but the level of competition has weakened compared to 2024 [1] - The overall gross margin of the company's general automation business remained stable in the first half of the year, and it is expected to maintain stability in the second half [1]

Group 1 - The core viewpoint of the article is that humanoid robots in commercial service scenarios are currently mostly in experimental or trial phases and have not yet entered mass production [1] - The company positions itself in the humanoid robot field by focusing on high-quality and high-performance core components to provide a solid foundation for the industry [1] - The company is also developing scenario-based solutions to meet the demands of industrial applications [1]

证券日报网讯汇川技术（300124）8月28日发布公告，在公司回答调研者提问时表示，公司本身具备丝 杠产品和技术的积累，丝杠产品主要面向注塑机、3C和机床等领域应用。在原有丝杠业务的基础上， 围绕人形机器人应用的丝杆产品的需求，公司推进行星滚柱丝杠产品的开发。目前相关产品已向客户送 样，但尚未实现量产。 ...

Core Viewpoint - The company announced the launch of a predictive maintenance function for its servo products, which will be promoted through a multi-product solution model integrated with processes, similar to the promotion of conventional servo products [1] Group 1 - The company is focusing on the integration of predictive maintenance features into its servo products [1] - The promotional strategy for the new servo products will not differ from that of traditional servo products [1]

证券日报网讯汇川技术（300124）8月28日发布公告，在公司回答调研者提问时表示，上半年，工业机 器人行业竞争激烈，公司工业机器人业务面临较大压力。出于风险控制考虑，公司主动放弃了部分低附 加值项目，更注重选择有价值的项目推进。 ...