经济观察网 江苏雷利（300660）计划于2026年4月29日披露2025年年度报告。公司于2026年1月公告， 拟对马来西亚、越南和墨西哥的子公司增加投资，合计金额约4.4亿元人民币，以推进全球化战略布 局。 以上内容基于公开资料整理，不构成投资建议。 ...

内容概况：当前，我国正处于产业升级与结构优化的关键阶段，工业智能化和自动化进程加速推进，各 行业对生产技术及装备性能的要求日益提升，这既为微特电机行业带来了新的挑战，也创造了广阔的发 展机遇。随着工业自动化深入实施、武器装备现代化水平提高、农业科技化转型以及家庭生活智能化普 及，诸如智能医疗器械、新能源汽车、可穿戴设备、机器人、无人机、智能家居等新兴领域快速崛起。 微特电机作为这些领域中不可或缺的核心执行与动力元件，其市场需求持续扩大，行业市场规模也随之 实现快速增长。数据显示，2015-2025年中国微特电机行业市场规模从1316.3亿元增长至3180亿元，年 复合增长率为9%。未来，随着制造业向高端化、智能化持续转型，新兴应用场景不断拓展以及绿色节 能要求的提高，微特电机行业有望在技术创新与市场需求的协同推动下，继续保持稳健增长态势。 从发展历程来看，中国微特电机行业经历了三个阶段，分别是2000年以前的起步期、2000-2015年的快 速成长期和2016年至今的行业整合期。我国微型电机行业创建于20世纪50年代末期经过90年代的快速发 展，国内微电机行业生产企业数量级产能快速增长。进入21世纪，我国微特 ...

2月23日，港股市场迎来马年第二个交易日，机器人概念板块（887755.WI）表现亮眼，截至午盘大涨 1.76%。成分股中，ASMPT（05522.HK）大涨5.27%，华虹半导体（1347.HK）大涨4.83%，耐世特、金 力永磁、天工国际等个股跟涨。 | < W | [HK]人形机器人指数(887755) | | | | --- | --- | --- | --- | | | 1743.45 30.20 +1.76% | | | | 済設 | 成分 | 资讯 | 相关基金 | | 名称 | 现价 | | 涨跌幅÷ | | ASMPT | 110.900 | | 5.72% | | 0522.HK | | | | | 农虹未营体 | 98.700 | | 4.83% | | 1347.HK | | | | | 中芯国际 | 70.750 | | 4.51% | | 0981.HK | | | | | 耐世特 | 8.020 | | 3.75% | | 1316.HK | | | | | 比亚迪电子 | 33.500 | | 3.46% | | 0285.HK | | | | | 三一国际 | 15.410 ...

Group 1 - The core point of the article is that Jiangsu Leili (300660) reported a total of 52,691 shareholders as of January 30, 2026 [1]

格隆汇2月12日丨江苏雷利(300660.SZ)在投资者互动平台表示，据了解公司与优必选暂未建立合作关 系。 ...

证券日报网讯2月5日，江苏雷利（300660）在互动平台回答投资者提问时表示，截至2026年1月9日，公 司股东总户数为48958户。 ...

Group 1 - The core point of the article is that Jiangsu Leili (300660.SZ) has developed a "brushless motor + gearbox" planetary actuator for the robotic dog sector, which is now being supplied in bulk to Nanjing Blue Technology, but has not yet been supplied to Yushu Technology [1] Group 2 - The company is actively engaging in the robotics industry, specifically focusing on the development of components for robotic dogs [1] - The partnership with Nanjing Blue Technology indicates a strategic move to establish a foothold in the growing robotics market [1] - The absence of supply to Yushu Technology suggests potential future opportunities or partnerships that may arise [1]

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：有媒体报道"江苏雷利为宇树科技四足机器人提供关键 的行星执行器"，请问是否属实？ 江苏雷利（300660.SZ）2月5日在投资者互动平台表示，公司针对机器狗领域开发的"无刷电机+齿轮 箱"行星执行器已批量供应于南京蔚蓝科技，暂未供应宇树科技。有关公司的经营情况与销售进展，公 司会按照交易所的相关规定履行信息披露义务。 ...

Market Overview - The machinery sector experienced a slight decline of 0.04% on the previous trading day, with China Electric Motor leading the losses [1] - The Shanghai Composite Index closed at 4102.2, up by 0.85%, while the Shenzhen Component Index closed at 14156.27, up by 0.21% [1] Stock Performance - Key stocks in the machinery sector showed varied performance, with Jiadian Co. rising by 3.37% to a closing price of 14.74, and China Electric Motor falling by 3.32% to 30.54 [1][2] - The trading volume and turnover for notable stocks included: - Jiadian Co.: 155,500 shares, turnover of 228 million yuan - Zhaowei Electromechanical: 84,300 shares, turnover of 1.038 billion yuan - China Electric Motor: 153,000 shares, turnover of 479 million yuan [1][2] Capital Flow - The machinery sector saw a net outflow of 154 million yuan from institutional investors, while retail investors contributed a net inflow of 57.18 million yuan [2] - Notable capital flows for specific stocks included: - Zhaowei Electromechanical: net inflow of 1.21 billion yuan from institutional investors - China Electric Motor: net outflow of 39.74 million yuan from institutional investors [3]

Core Viewpoint - The article highlights the investment strategy of Hu Zhongyuan, focusing on AI applications and robotics, while maintaining a cautious approach with a reduced equity position in his funds [1][4]. Fund Performance - Hu Zhongyuan manages a total of 33.2 billion yuan across five funds, achieving an annualized return of 26% over 6.8 years [6]. - The flagship fund, Huashang Runfeng Flexible Allocation Mixed A, has shown a remarkable return of 85.02% in 2025, significantly outperforming its benchmark and the CSI 300 index [11][12]. - The fund's net value has consistently increased, with a 4.28% growth in the current year [11]. Investment Strategy - The fund maintained an equity position below 45% during market downturns in 2022 and 2023, effectively controlling drawdowns [13]. - Starting in Q1 2024, Hu Zhongyuan increased the equity position to over 90%, but has since reduced it to around 50% in Q3 2025, indicating a strategic shift in response to market conditions [15]. - The top ten holdings have become more diversified, with the concentration of the top ten stocks decreasing from 45% to 23% [15]. Sector Focus - The fund is now focusing on AI application hardware and robotics, with investments spread across sectors such as electronics, communications, media, machinery, home appliances, automotive, electric power equipment, and medical devices [17]. - Recent adjustments include new positions in key consumer electronics companies, indicating a shift from upstream technology to downstream applications [17]. Key Holdings - The top ten holdings in Q4 2025 include new entries like Crystal Optoelectronics, GoerTek, and Luxshare Precision, reflecting a strategic pivot towards consumer electronics [17][19]. - The fund has also increased its stakes in companies involved in the robotics sector, such as Sanhua Intelligent Control and Top Group, while introducing new positions in Jiangsu Leili [19].