Core Viewpoint - The company reported that its general automation business has seen improved operational efficiency and a rising core profit margin in the first three quarters of the year [1] Group 1: Business Performance - The core profit margin of the company continues to rise [1] - Price competition has eased compared to the same period last year, but there is still downward pressure on product prices [1] - The overall gross margin remains stable due to the rapid growth of high-margin products (such as PLC), product structure optimization, and cost control in the supply chain [1] Group 2: Inventory and Market Conditions - Distributor inventory is at a normal level, with no signs of stockpiling [1]

Core Viewpoint - Huichuan Technology (300124) announced on October 27 that its smart chassis and steering control systems are high-value and high-tech differentiated sectors, but they also face cost transmission pressures from vehicle manufacturers [1] Group 1: Company Insights - Huichuan Technology, through its subsidiary Huichuan United Power (301656), leverages its expertise in motors, power electronics, and machinery to potentially offer competitive solutions in the smart chassis and steering control market [1] - The company acknowledges that while it is currently difficult to quantify the gross margin of this new business compared to existing products, it is a field where the company excels and has good development potential [1]

Core Insights - The company reported positive order growth across the majority of its 40+ downstream industries in the third quarter, indicating a recovery in external demand and enhanced competitiveness [1] - Industries that previously experienced declines, such as paper, chemicals, metallurgy, semiconductors, woodworking, textiles, and silicon, have also returned to positive growth [1] - The company's market share increase is primarily attributed to the replacement of foreign brands, particularly in the automotive equipment and semiconductor sectors, achieved through solutions focused on control and drive capabilities [1]

证券日报网讯 汇川技术10月27日发布公告，在公司回答调研者提问时表示，公司整体净利润率受业务 结构变化影响。公司核心的通用自动化业务，将通过优化产品结构、提升运营效率及采购降本等措施， 应对市场价格竞争压力，预计毛利率可保持稳定。未来，公司将在加大战略性业务投入的同时，坚定降 本增效，严格控制费用率，中长期目标是实现净利润率水平的稳步提升。 （编辑 袁冠琳） ...

（编辑 袁冠琳） 证券日报网讯 汇川技术10月27日发布公告，在公司回答调研者提问时表示，数字能源管理的格局高于 传统储能业务，其核心在于构建一个数字化能源管理平台，通过该平台实现对能源结构及能源高效利用 进行管理。储能作为解决方案的一部分，此外，数字能源管理还将高耗能企业的生产工艺与节能技术相 结合，引入自动化产品和技术，以提升能源利用效率。 ...

证券日报网讯 汇川技术10月27日发布公告，在公司回答调研者提问时表示，海外业务目前已投入700多 名人员。研发端重点加大安全类产品及符合欧标、北美标准的产品开发力度。在匈牙利、北美布局工厂 并持续加大投入，国际化是公司重要的战略，核心战略围绕"研、产、销、投"展开，其中投资并购方 面，公司仍在寻找合适标的。公司将通过实施扩建生产基地、建设研发中心、扩充办事处等措施，推动 全球化布局战略的落地。 （编辑 袁冠琳） ...

Core Viewpoint - The acquisition of ABB's robotics business by SoftBank reflects the increasing competitiveness of Chinese companies in the six-axis robot sector, indicating that international giants are facing pressure from the rise of Chinese robotics firms [1] Group 1: Industry Insights - The high-end market, particularly in the automotive sector, is currently dominated by foreign companies, but it represents the largest potential replacement market in the future [1] - Chinese companies are gradually penetrating high-end application fields as they mature in robot body performance and technical solutions [1] Group 2: Company Strategy - The company plans to focus on the development of "AI + Vision" technology and aims to deeply integrate it into industrial robots to enhance intelligence levels [1] - The company is positioning itself to seize significant development opportunities in the robotics sector [1]

（编辑 袁冠琳） 证券日报网讯 汇川技术10月27日发布公告，在公司回答调研者提问时表示，公司将数字能源管理提升 至新的战略高度，其内涵远不止于当前竞争激烈的储能业务，而是聚焦于ToB端和园区端，依托"双 碳"目标与数字化技术打造新业务模式。国内业务凭借产品和技术优势持续推进，同时拓展海外渠道。 目前公司已成立数字能源管理事业部，利用公司在电力电子和数字化方面的技术优势，重点向数字化场 景解决方案进行投入。 ...

（编辑 袁冠琳） 证券日报网讯 汇川技术10月27日发布公告，在公司回答调研者提问时表示，在软件布局方面，公司并 不直接研发大模型，但会积极应用开源大模型。在智能机器人软件方面，公司重点投入两个方向：一是 视觉技术，已将视觉与机器人团队合并，旨在推动视觉与控制端的融合，形成更好的解决方案；二是运 动控制技术，强调将末端运动控制能力与大模型结合，提升精细操作的实现效果。公司正持续加大在视 觉、运动控制与大模型融合方面的投入，以实现软硬件协同优势。 ...

Core Insights - The company, Huichuan Technology, announced on October 27 that it is widely applying AI agents in various internal scenarios such as R&D programming, testing, data sharing, and after-sales service [1] - The AI agents trained on internal data have effectively improved management efficiency and operational effectiveness [1] - However, the company faces challenges when deploying AI agents to clients, specifically due to insufficient client-side data and a lack of domain knowledge [1] - The current strategy is to embed the "Industrial Brain" as a core capability within overall solutions, utilizing IFA/digital platforms to meet specific AI application needs [1]