拓斯达公告，预计2025年度净利润为6000万元–8000万元，上年同期亏损2.45亿元。公司持续深化"聚焦 产品，收缩项目"的战略转型，2025年产品类业务盈利能力提升，工业机器人，注塑机、配套设备及自 动供料系统业务毛利明显增长；公司大幅收缩智能能源及环境管理系统业务，并通过控制接单、精细化 管理等方式实现扭亏为盈。 ...

证券代码：300607 证券简称：拓斯达 公告编号：2026-007 广东拓斯达科技股份有限公司 2025 年度业绩预告 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。 一、本期业绩预计情况 （一）业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况：预计净利润为正值且属于扭亏为盈情形 | 项目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东 | 盈利：6,000 | 万元–8,000 | 万 | 亏损：24,524.13 | 万元 | | 的净利润 | | 元 | | | | | 扣除非经常性损益后 | 盈利：4,200 | 万元–6,200 | 万 | 亏损：24,987.55 | 万元 | | 的净利润 | | 元 | | | | 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经 会计师事务所审计。公司已就业绩预告有关事项与年报审计会计师 事务所进行了预沟通，公司与会计师事务所在 ...

2026-01-26 11:52:11 作者：狼叫兽 据《2025 人形机器人与具身智能产业研究报告》显示，中国已成为全球人形机器人产业核心增长极， 2025 年市场规模达 82.39 亿元，占全球份额近 50%，产业增速持续超 50%。步入 2026 年，行业正式从 "技术验证" 迈入 "规模量产" 关键期，集邦咨询预测全球出货量将突破 5 万台，同比激增 700%，国内 已形成 "上市企业筑牢量产根基、拟上市企业攻坚细分赛道" 的清晰格局。其中，A 股上市企业拓斯达 （300607.SZ）凭借全栈自研实力与规模化落地成果稳居工业赛道头部排名，近日公告拟发行 H 股并在 香港联交所主板上市，其国际化布局与全链落地能力引发行业高度关注。本文结合核心竞争力排名维 度，从品牌视角切入，通过上市状态、技术体系、商业化落地、产业链布局四大核心指标，解析国内重 点人形机器人企业的发展特色与核心优势，为行业观察提供客观参考。 一、已上市企业：头部排名稳固，领跑量产落地赛道 1. 拓斯达（300607.SZ）：工业赛道头部标杆，双上市规划加码全球竞争力 上市状态：2017 年于深圳证券交易所创业板上市，2025 年 11 ...

Group 1 - Dongguan is adapting its export strategy in response to changing global trade dynamics, focusing on a new model that combines manufacturing with social media influence to promote local products internationally [4] - The city is exploring new pathways for its manufacturing sector, addressing the challenges of product and brand exportation, and positioning itself as a proactive player in the global market [4] Group 2 - Dongguan has established itself as a significant player in the Greater Bay Area's innovation landscape, with 12 unicorn graduates and 4 unicorns listed, making it the third city in Guangdong province in terms of high-value enterprises [8] - The city is leveraging its manufacturing strength to carve out a unique growth path, demonstrating its capability beyond being a mere supporting role in the region [8] Group 3 - The launch of the quadruped robot "Xingzai" by Dongguan's TuoSiDa represents a significant advancement in practical applications of embodied intelligence, capable of operating in challenging environments and addressing high-risk scenarios in emergency services [9] - The robot's features include all-terrain mobility and a wide temperature adaptability, indicating a shift towards integrating advanced technology into real-world applications [9] Group 4 - TuoSiDa has submitted an application for H-share stock issuance and listing on the Hong Kong Stock Exchange, indicating its intent to expand its capital base and market presence [10][11] Group 5 - The light food brand "Salad Shike" from Dongguan is facing significant backlash and operational challenges, with reports of its vending machines disappearing and claims of financial losses from consumers and franchisees [19] - Once a promising brand with substantial investment and celebrity endorsements, it has now become a case of consumer grievances and financial instability, leading to its operational halt [19]

Core Viewpoint - Guangdong Tuosda Technology Co., Ltd. is officially pursuing a dual listing on both the A-share and H-share markets to enhance its global development strategy and broaden financing channels [1][3]. Company Overview - Tuosda was established in 2007 in Dongguan and has transformed from a supplier of injection molding peripheral equipment to a full-chain service provider in the robotics sector, becoming the first listed robotics company in Guangdong [3][5]. - The company is recognized as a leader in the full-stack industrial robotics industry in mainland China and is a pioneer in embodied intelligence [3][6]. Financial Performance - Tuosda's revenue for 2023, 2024, and the first three quarters of 2025 was RMB 45.53 billion, RMB 28.72 billion, and RMB 16.88 billion, respectively [4][9]. - The net profit showed significant volatility, with figures of RMB 1.06 billion, -RMB 2.39 billion, and RMB 0.47 billion for the same periods [9][10]. Strategic Transformation - The company is undergoing a strategic transformation focusing on core businesses such as industrial robots, CNC machine tools, and injection molding machines, which has led to improved gross margins of 17.6%, 14.6%, and 28.3% for the respective years [11][12]. - Tuosda's shift away from lower-margin businesses, particularly the smart energy and environmental management systems, has been a significant factor in its recent financial performance [11][13]. Market Expansion - The overseas market has become a crucial growth driver, with overseas sales revenue accounting for 11.0%, 20.9%, and 25.0% of total revenue in 2023, 2024, and the first nine months of 2025, respectively [7][8]. - The company has established a sales network covering over 50 countries and regions, with significant operations in Vietnam and Mexico [8][9]. Challenges and Risks - Despite the positive outlook, Tuosda faces challenges such as market competition, where it ranks fifth in the domestic industrial robotics market with a market share of 0.9% [13]. - The company is also dealing with governance issues, having received regulatory warnings for revenue recognition discrepancies and other compliance failures [14][15].

证券日报网讯1月23日，拓斯达（300607）在互动平台回答投资者提问时表示，公司具体业务及合作情 况请以公司公开披露信息为准。 ...

Core Viewpoint - The company's stock price in the secondary market is influenced by multiple factors including macroeconomic conditions, economic cycles, industry prosperity, policy environment, investor preferences, and capital market sentiment [1] Group 1 - The company, TuoSiDa (300607), responded to investor inquiries on its interactive platform [1] - The stock price is affected by macroeconomic conditions and economic cycles [1] - Industry prosperity and policy environment also play a significant role in influencing stock prices [1] - Investor preferences and capital market sentiment are additional factors impacting the stock price [1]

Core Viewpoint - The company, Guangdong Tosida Technology Co., Ltd., is attempting to go public on the Hong Kong Stock Exchange, aiming to transform from a specialized automation equipment provider to a leading global embodied intelligence technology company, amidst a backdrop of fluctuating financial performance and governance issues [2][4][8]. Group 1: Business Transformation and Strategy - The company is focusing on embodied intelligence as a key narrative, leveraging a unique "scene + robot + data + AI" business loop to enhance its competitive edge and accelerate deployment across various applications [2][4]. - The company aims to evolve from being merely an equipment supplier to a comprehensive technology provider, with a vision to become a global leader in embodied intelligence [4]. - The technological foundation is categorized into a "robust body" (mechanical structure and core algorithms), a "developed small brain" (self-developed X5 control platform), and a "smart big brain" (collaborative embodied intelligence models) [4]. Group 2: Financial Performance and Challenges - The company is projected to experience a 36.9% decline in revenue to 2.872 billion yuan in 2024, with a shift from a profit of 106 million yuan in 2023 to a loss of 239 million yuan [5]. - The revenue from the previously significant "smart energy and environmental management system" business has decreased from 59.0% in 2023 to 30.5% in the first nine months of 2025, impacting overall profitability [5]. - The dual pressure of shrinking old business lines and the need for substantial investment in new business ventures is causing financial strain, with short-term returns on new investments not yet materializing [6]. Group 3: Governance and Market Perception - The company received a warning letter from the Guangdong Securities Regulatory Bureau for multiple violations, including premature revenue recognition and improper cost accounting, which raises concerns about governance [8]. - Significant insider selling occurred during a sensitive period, with former executives liquidating approximately 300 million yuan in shares, potentially signaling a lack of confidence in the company's future [8]. - The company is facing challenges in gaining investor trust, particularly in the context of its dual-platform listing strategy, as market participants are wary of the implications of recent governance issues and financial instability [6][8]. Group 4: Market Strategy and Future Outlook - The company emphasizes diversification in products and applications, alongside a global strategy that includes operations in Vietnam and Mexico, and a sales network covering over 50 countries [9]. - There is uncertainty regarding the timeline for achieving significant revenue from new products like humanoid robots and quadruped robots, with no clear expectations provided by the company [9]. - The market's valuation approach for high-end manufacturing firms in Hong Kong is more flexible regarding short-term losses, but requires clear evidence of technological viability and market expansion strategies [9].

今年，拓斯达最新发布四足机器人"星仔"，相较于"小拓"聚焦于工业生产应用场景，"星仔"将进一步拓 宽包括自主巡检、森林消防作业以及在其它复杂环境中的专项作业。 "场景+机器人+数据+AI"商业闭环 近日，国内具身智能领军企业拓斯达（股票代码：300607）正式向港交所递交上市申请。 深耕机器人全产业链，具身智能领域的先行者 作为广东省智能机器人产业链"链主"企业，拓斯达在机器人核心零部件、机器人本体、自动化应用系统 形成全链条自主布局。弗若斯特沙利文的资料显示，2024年，公司轻负载工业机器人出货量及轻工业领 域工业机器人出货量均居国内第一。 拓斯达在具身智能领域持续取得重大进展，并已在多个制造场景中实现商业化应用，切实解决了制造业 长期存在的柔性生产难题。 公司推出国内首款应用于注塑场景的智能人形机器人"小拓"。作为国内首台在注塑场景应用落地的智能 人形机器人，"小拓"已在注塑车间完成了多轮验证，可在无人机桨叶分拣、摆盘场景中自主完成全流程 作业。 基于在控制技术及软硬结合能力的多年储备，拓斯达推出了自主开发、高度开放兼容、全面适配智能机 器人的X5控制平台。根据弗若斯特沙利文的资料，X5机器人控制系统是中 ...

Core Viewpoint - Guangdong Tuosida Technology Co., Ltd. is officially pursuing a dual listing on both A-share and H-share markets to enhance its global development strategy and brand influence while expanding financing channels [1][5]. Company Overview - Tuosida is recognized as a leader in the full-stack industrial robot sector in mainland China and a pioneer in embodied intelligence [1]. - The company has transformed from a supporting player in the supply chain to a "chain master," providing comprehensive solutions from single machines to entire factory setups [2]. Financial Performance - The company's revenue for 2023, 2024, and the first three quarters of 2025 is reported as RMB 45.53 billion, RMB 28.72 billion, and RMB 16.88 billion respectively [2][8]. - Net profit figures show significant volatility: RMB 1.06 billion in 2023, a loss of RMB 2.39 billion in 2024, and a profit of RMB 0.47 billion in 2025 [8]. - The revenue from the smart energy and environmental management system, previously a major revenue source, dropped over 50% in 2024, contributing to the net loss [8][9]. Strategic Initiatives - Tuosida is accelerating its entry into the humanoid robot market, with plans to launch a working humanoid robot equipped with AI capabilities by September 2025 [3]. - The company aims to establish local sales and marketing teams in international markets, enhancing its overseas sales network [5][7]. Market Position - As of 2025, Tuosida has established 27 offices in mainland China and expanded its overseas sales network to over 50 countries, serving nearly 1,000 international clients [7]. - Despite its growth, Tuosida's market share in the domestic industrial robot sector remains relatively low, ranking fifth with a market share of 0.9% in 2024 [9]. Challenges - The company faces challenges during its transformation phase, including revenue pressure and fluctuations in net profit due to strategic adjustments [8][9]. - Supply chain risks are significant, with raw material and component costs accounting for over 92% of total sales costs [10]. - Governance issues have arisen, including regulatory warnings related to revenue recognition and cost accounting practices [10][11].