Group 1 - The core viewpoint of the articles highlights the optimistic outlook of fund managers on the technology sector, particularly in artificial intelligence, cloud computing, and robotics, as key investment directions for the upcoming years [1][3][12] - Fund managers are emphasizing the importance of risk management in the technology sector, which is characterized by high growth potential and volatility, advocating for diversified investment strategies [2][21] Group 2 - Fund manager Ren Jie focuses on global cloud computing investments, with a notable performance of the fund achieving a unit net value growth rate of 233.29% in 2025, ranking first among active equity funds [3][4] - The fund's latest quarterly report indicates a decrease in stock positions, with a stock market value proportion of 78.76%, down by 13 percentage points from the previous quarter [3][4] - The top ten holdings include companies like Shengyi Technology and Zhongji Xuchuang, with significant annual growth rates of 205.82% and 396.38% respectively [3][4] Group 3 - Fund manager Li Jin expresses a strong interest in artificial intelligence computing-related assets, focusing on sectors with the best growth potential, including technology, new energy, and pharmaceuticals [8][12] - The fund's top three holdings are Zhongji Xuchuang, Xinyi Technology, and Huamao Technology, with substantial increases in positions for companies like Dongshan Precision and Industrial Fulian [9][10] Group 4 - Fund manager Yan Siqian emphasizes the investment opportunities in manufacturing and low-carbon technologies, highlighting the importance of intelligent manufacturing and technological innovation for sustainable development [13][15] - The fund's top holdings include Wuzhou Xinchun and Zhenyu Technology, with significant increases in positions for companies like Beite Technology and Sili Technology [14][15] Group 5 - Fund manager Feng Ludan notes that the artificial intelligence industry is in the early stages of forming a bubble, suggesting a cautious approach to investment while monitoring technological advancements and business model validations [16][21] - The fund's latest report shows a stock position of 86.04%, with significant increases in holdings for companies like Huadian Technology and Tencent Holdings [18][19]

Core Insights - The company, Zhenyu Technology, reported a significant increase in orders from the robotics industry expected by the fourth quarter of 2025 [1] - The growth rate of orders for dexterous hand components and parts is particularly fast [1] - The company's main business revenue is substantial, with a median expected operating income of 9.8 billion yuan for the entire year of 2025 [1] - Despite the rapid growth in robotics-related component orders, their revenue contribution remains relatively small [1]

证券代码：300953 证券简称：震裕科技 宁波震裕科技股份有限公司 投资者关系活动记录表 编号：2026-001 公司 2025 年前三季度实现营业收入 65.93 亿元，同比增长约 31.47%； 归母净利润 4.12 亿元，同比增长约 138.93%；扣非归母净利润 3.98 亿元， 同比增长约 153.42%。其中锂电池结构件业务前三季度营业收入同比增长 超过 45%，毛利同步回升明显。 公司 2025 年度业绩预告，预计 2025 年实现营业收入为 93 亿元～103 亿元、归母净利润 5 亿元~5.5 亿元、扣非后净利润 4.8 亿元~5.3 亿元。 二、互动环节（部分重复及类似问题已经合并）： Q：公司 2025 年业绩大幅增长的原因？2026 年是否能够延续 2025 年增 长的势头？ A：根据公司 2026 年 1 月 15 日披露的 2025 年度业绩预告，预计 2025 年 实现归母净利润 5 亿元~5.5 亿元，扣非后净利润 4.8 亿元~5.3 亿元。2025 年公司经营计划有序开展，主营业务销售收入持续增长（初步测算 2025 年度营业收入预计为 93 亿元～103 亿元），产能利 ...

Core Viewpoint - The report from China Merchants Securities indicates that Zhenyu Technology's niche mold business is steadily increasing, and the new products in the iron core segment are beginning to ramp up, which is expected to restore good growth rates [1] Group 1: Business Segments - The structural components business, which has the largest revenue share, is expected to reverse as anticipated and maintain an accelerated growth trend [1] - The robotics segment, which the company is actively cultivating, is progressing well in the domestic market, with potential breakthroughs in the overseas major client system [1] Group 2: Financial Projections - The company is estimated to achieve a net profit attributable to shareholders of 958 million yuan by 2026, maintaining an "overweight" investment rating [1]

证券日报网讯 1月19日，震裕科技在互动平台回答投资者提问时表示，截至2026年1月9日收盘，公司股 东人数为21681户。 （文章来源：证券日报） ...

Core Viewpoint - The company is expected to enter a new phase of simultaneous growth in volume and profit, with significant increases in net profit and revenue projected for 2025 [1] Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of 500-550 million yuan for 2025, representing a year-on-year increase of 96.89%-116.58% [1] - The non-recurring net profit is expected to be 480-530 million yuan, showing a substantial year-on-year growth of 107.66%-129.30% [1] - Revenue is projected to reach 9.3-10.3 billion yuan, reflecting a year-on-year growth of 30.46%-44.49% [1] Group 2: Business Segments - Lithium battery structural components are benefiting from strong demand in energy storage and new energy vehicles, alongside improved production automation and cost management, leading to ongoing profit contributions [2] - The motor iron core segment is expected to enhance profitability by reducing reliance on a single major customer, with a steady increase in market share for high-margin adhesive iron cores [2] - Precision molds remain a stable profit source with a consistent gross margin above 50%, providing a solid foundation for the company's precision manufacturing system [2] Group 3: Robotics Development - The company positions itself as a comprehensive service provider for robotic hardware, with a product line that has rapidly evolved to include key components such as linear actuators and bionic arms [3] - Plans are in place to establish a fully automated production line for planetary roller screws by the end of 2025, with simultaneous development of a facility in Mexico [3] - The company has achieved comprehensive coverage with leading humanoid robot clients, including bulk supply, sample delivery, and technical exchanges, positioning itself to benefit from the accelerated industrialization of humanoid robots [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company has exceeded expectations for its 2025 performance forecast, with projected net profit growth of 97%-117% year-on-year, reaching between 500 million to 550 million yuan. The revenue is expected to be between 9.3 billion to 10.3 billion yuan, reflecting a year-on-year increase of 30.46%-44.49% [6] - The company is entering a new phase of simultaneous volume and profit growth, driven by strong demand in downstream sectors such as energy storage and increased automation line utilization [6] - The company maintains its profit forecast for 2025-2027, with expected net profits of 508 million, 1.008 billion, and 1.399 billion yuan respectively, corresponding to PE ratios of 54.1, 27.3, and 19.6 times [6] Financial Performance Summary - The company reported a significant recovery in profitability, with the lithium battery structural components benefiting from increased demand in energy storage and new energy vehicles, alongside improved production automation and cost management [7] - The electric motor core business is expected to see continued profit growth, while the precision mold segment remains a stable source of profit with a gross margin consistently above 50% [7] - The financial summary indicates a projected revenue increase from 6.019 billion yuan in 2023 to 17.777 billion yuan in 2027, with net profit expected to rise from 43 million yuan to 1.399 billion yuan over the same period [9][12] Robotics Business Development - The company is positioning itself as a comprehensive service provider for robotics hardware, with a product line that has rapidly evolved to include key components such as linear actuators and bionic arms [8] - Plans are in place to establish a fully automated production line for planetary roller screws by the end of 2025, with simultaneous development of a facility in Mexico [8] - The company has achieved comprehensive coverage with its leading robotics clients, facilitating mass supply, sample delivery, and technical exchanges, which positions it well to benefit from the accelerated industrialization of humanoid robots [8]

国联民生证券承销保荐有限公司 关于宁波震裕科技股份有限公司 2025 年年度持续督导培训情况的报告 深圳证券交易所： 国联民生证券承销保荐有限公司（以下简称"国联民生承销保荐"或"保荐 机构"）作为宁波震裕科技股份有限公司（以下简称"震裕科技"或"公司"）持 续督导工作的保荐机构，根据深圳证券交易所上市公司自律监管指引第 13 号— —保荐业务》（以下简称《自律监管指引第 13 号》）、《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号-创业板上市公司规 范运作》（以下简称"《规范运作指引》"）等相关规定，对震裕科技进行了 2025 年年度持续督导培训，报告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：国联民生证券承销保荐有限公司 （二）培训时间：2026 年 1 月 8 日 （三）培训地点：浙江省宁波市宁海县力洋镇创业路 39 号（震裕科技大厦） （四）培训对象：公司董事、高级管理人员、董事会办公室与财务部相关人 员通过现场和远程视频相结合的方式进行了培训 （五）培训内容：本次培训对上市公司合规运作与违规案例进行了讲解。 二、上市公司的配合情况 保荐机构本次持续督 ...

1.是否在募集资金到位后一个月内签订 三方监管协议 √ 2.募集资金三方监管协议是否有效执行 √ 3.募集资金是否不存在第三方占用或违 规进行委托理财等情形 √ | 4.是否不存在未履行审议程序擅自变更 √ | | | --- | --- | | 募集资金用途、暂时补充流动资金、置 | | | 换预先投入、改变实施地点等情形 | | | 5.使用闲置募集资金暂时补充流动资 | | | 金、将募集资金投向变更为永久性补充 | | | 流动资金或者使用超募资金补充流动 √ | | | 资金或者偿还银行贷款的，公司是否未 | | | 在承诺期间进行风险投资 | | | | 年可转债募投 √，2023 | | | 项目"年产 亿件新 3.6 | | | 能源汽车锂电池壳体新 | | | 建项目"变更为"苏州 | | | 范斯特机械科技有限公 | | | 司新能源汽车电机铁芯 | | | 新建生产线一期子项 | | 6.募集资金使用与已披露情况是否一 | 目"，主要系：随着新 | | 致，项目进度、投资效益是否与招股说 | 能源汽车渗透率进一步 | | 明书等相符 | 提升，粘胶电机铁芯技 | | | 术被越来越多知名 ...

Core Viewpoint - The A-share market is experiencing a surge in robot concept stocks, with several companies hitting the daily limit up, driven by positive sentiment surrounding Tesla's V3 version and endorsements from notable investors [1][3]. Group 1: Stock Performance - Companies such as Henghui Anfang, Henggong Precision, and Deen Precision have all reached the daily limit up of 20% [1]. - Other notable performers include Jingzhida with a rise of over 17%, and DeMais, Slinzhidrive, and Kexiang shares increasing by over 14% [1]. - The total market capitalization of Henghui Anfang is 8.603 billion, while Henggong Precision stands at 9.863 billion [3]. Group 2: Investor Sentiment - Jason Calacanis, a well-known Silicon Valley investor, praised the V3 version of Tesla's robot, suggesting that future recognition will focus on Optimus rather than Tesla's past vehicle production [1]. - The positive feedback from influential investors is likely to bolster market confidence in robot-related stocks [1]. Group 3: Year-to-Date Performance - Henghui Anfang has a year-to-date increase of 21.97%, while Henggong Precision has risen by 9.40% [3]. - Other companies like Baive Storage and Stai Zhichui have shown significant year-to-date gains of 51.11% and 50.60%, respectively [3].