证券代码：300953 证券简称：震裕科技 公告编号：2025-081 宁波震裕科技股份有限公司 关于控股股东及其一致行动人部分股份解除质押的公告 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。 宁波震裕科技股份有限公司（以下简称"公司"）于近日收到公司控股股东、 实际控制人蒋震林先生及其一致行动人宁波震裕新能源有限公司（以下简称"震 裕新能源"）的通知，获悉蒋震林先生及其一致行动人震裕新能源已将其所持有的 公司部分股份办理了解除质押业务，相关解除登记手续已办理完毕，具体事项如下： 一、本次解除质押的基本情况 1、本次股份解除质押的基本情况 | 股东 名称 | 是否为控 股股东或 第一大股 | 本次解除 质押数量 | 占其所持 股份比例 | 占公司 总股本 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 东及其一 | （股） | | 比例 | | | | | | 致行动人 | | | | | | 中信银行 | | 蒋震 | | | | | | | 股份有限 | ...

Investment Rating - The report maintains a "Buy" rating for the photovoltaic and wind power sectors, indicating a positive outlook for these industries in the near to medium term [4][5]. Core Insights - The photovoltaic industry is undergoing a "de-involution" movement at the national strategic level, focusing on capacity integration in the silicon material segment and strengthening price regulation across the supply chain. The industry is currently at the bottom of the cycle, with future policy strength being a key variable influencing its trajectory. In the medium to long term, the photovoltaic sector is expected to enter a phase of high-quality development, with technological upgrades and market structure optimization becoming core competitive factors [4]. - The wind power sector in China has a strong global competitive advantage, with a relatively reasonable supply-demand structure and robust profitability among companies. The year 2025 is anticipated to be a significant year for offshore wind power development in China, with accelerated construction and favorable export trends [4]. Weekly Market Review - From August 4 to August 8, 2025, the Shanghai Composite Index rose by 2.11%, while the Shenzhen Component Index and the ChiNext Index increased by 1.25% and 0.49%, respectively. The Shenwan Electric Power Equipment Index rose by 1.94%, outperforming the CSI 300 by 0.71 percentage points. Within sub-sectors, photovoltaic equipment, wind power equipment, batteries, and grid equipment experienced changes of +1.29%, +4.50%, +0.99%, and +3.08%, respectively [12][18]. Key Sector Tracking - **Photovoltaic Sector**: The report highlights a significant project where JA Solar is the candidate for a 50MW photovoltaic component procurement project in Tibet, with a bid amount of approximately 36 million CNY and a unit price of 0.7215 CNY/W [3][21]. - **Wind Power Sector**: The report emphasizes the strong profitability of domestic wind power companies in the first half of the year and suggests focusing on leading companies such as Goldwind Technology and Dongfang Cable [4]. Investment Recommendations - **Photovoltaic**: Focus on segments that have undergone sufficient corrections, such as silicon materials, glass, and battery cells. Recommended companies include Aiko Solar, Flat Glass Group, GCL-Poly Energy, and Junda Technology [4]. - **Wind Power**: Maintain a positive outlook on the domestic wind power supply chain, with recommendations for companies like Goldwind Technology and Zhongtian Technology [4]. - **New Energy Vehicles**: The sector continues to grow rapidly, with recommendations to focus on battery and structural components benefiting from low upstream raw material prices, including companies like CATL and EVE Energy [5]. Industry Price Data - The report includes price trends for key materials in the photovoltaic supply chain, indicating fluctuations in silicon material, battery cell, and module prices, which are critical for assessing market dynamics [35][36][38].

Core Viewpoint - Zhenyu Technology's stock price experienced a decline of 1.28% on August 11, 2025, closing at 105.42 yuan, indicating market volatility and investor sentiment towards the company [1] Company Summary - Zhenyu Technology specializes in the research, production, and sales of precision structural components and molds, with applications in the electric vehicle and consumer electronics sectors [1] - The company is associated with concept sectors including batteries and humanoid robots, highlighting its involvement in innovative technology fields [1] Market Activity - On the morning of August 11, Zhenyu Technology's stock saw a rapid rebound around 9:35 AM, with a price increase of over 2% within five minutes, reaching a high of 108.79 yuan [1] - The net inflow of main funds on that day was 28.3664 million yuan, contributing to a cumulative net inflow of 207 million yuan over the past five days, indicating strong investor interest [1]

Core Viewpoint - Zhenyu Technology's stock price increased by 0.57% to 107.30 yuan as of August 5, 2025, with a trading volume of 787 million yuan, indicating positive market sentiment towards the company [1] Company Overview - Zhenyu Technology specializes in the research, development, production, and sales of precision molds and lithium battery structural components, with applications in the new energy vehicle and consumer electronics sectors [1] - The company operates in sectors including batteries, lithium batteries, and energy conservation and environmental protection [1] Financial Performance - Zhenyu Technology expects a net profit attributable to shareholders of 185 million to 212 million yuan for the first half of 2025, representing a year-on-year growth of 40.45% to 60.95% [1] Market Position - The company has been identified by brokerages as a key player in the core components of the robotics industry chain, particularly in niche areas such as lead screws [1] Capital Flow - On August 5, 2025, the net inflow of main funds was 38.78 million yuan, accounting for 0.29% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds was 50.63 million yuan, representing 0.38% of the circulating market value [1]

Market Overview - The Shanghai Composite Index closed at 3568.96 points, above the six-month moving average, with a change of 0.25% [1] - The total trading volume of A-shares reached 1,180.388 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 99 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Mengsheng Electronics: 5.86% - Guanghong Technology: 4.32% - Jinyang Co., Ltd.: 3.70% [1] Detailed Stock Performance - Top performers on August 4th with deviation rates: - Mengsheng Electronics (688311): Today's change of 7.40%, turnover rate of 4.63%, six-month line at 37.68 yuan, latest price at 39.89 yuan [1] - Guanghong Technology (300735): Today's change of 6.10%, turnover rate of 4.73%, six-month line at 27.36 yuan, latest price at 28.54 yuan [1] - Jinyang Co., Ltd. (301210): Today's change of 5.60%, turnover rate of 15.69%, six-month line at 42.39 yuan, latest price at 43.96 yuan [1] Additional Notable Stocks - Other stocks with positive performance and deviation rates include: - Zhenjiang Co., Ltd. (603507): 5.00% change, 12.19% turnover, six-month line at 24.79 yuan, latest price at 25.60 yuan [1] - Baiao Chemical (603360): 5.59% change, 2.66% turnover, six-month line at 20.51 yuan, latest price at 21.16 yuan [1] - Stocks with smaller deviation rates that just crossed the six-month line include: - Deep Technology (300735): 6.10% change, 4.73% turnover, six-month line at 27.36 yuan, latest price at 28.54 yuan [1] - Qiming Information (301210): 5.60% change, 15.69% turnover, six-month line at 42.39 yuan, latest price at 43.96 yuan [1]

Investment Rating - The report does not explicitly state an investment rating for the automotive industry or the embodied intelligence sector Core Insights - The embodied intelligence sector is entering a rapid implementation phase as of 2025, with multiple manufacturers planning mass production of robots across various applications [12][16][18] - The automotive industry is actively integrating embodied intelligence into its supply chain, leveraging existing technological advancements and manufacturing capabilities [34][37] - Government policies across various provinces are increasingly supportive of the embodied intelligence and robotics industries, aiming to foster innovation and market expansion [17][21][18] Summary by Sections 1. Rapid Development of Embodied Intelligence - The period from 2020 to 2025 marks a significant evolution in embodied intelligence, driven by advancements in AI and robotics, particularly following the release of OpenAI's ChatGPT3 [11] - Major manufacturers like Tesla and Xiaomi are entering the market, with Tesla predicting a production capacity of over 5,000 units by 2025 and 50,000 units by 2026 [13][16] - The demand for robots in various sectors is projected to grow significantly, with manufacturing being a primary area for automation due to its repetitive tasks [25][27] 2. Integration of Automotive and Embodied Intelligence - The automotive industry is leveraging its existing technological expertise in areas such as sensor fusion and control algorithms to facilitate the development of embodied intelligence [34][37] - Over ten automotive manufacturers are actively pursuing the embodied intelligence sector through self-development and strategic investments [36][37] - The shared supply chain for components like sensors and chips between automotive and robotics sectors is expected to reduce costs and enhance production efficiency [43][49] 3. Government Support and Policy Framework - Various provinces, including Shenzhen and Beijing, have introduced policies to support the development of embodied intelligence, focusing on technology breakthroughs and ecosystem building [17][21][18] - The policies aim to create a conducive environment for innovation, with specific targets for industry scale and technological advancements by 2027 [18][21] - The report highlights a collaborative approach among regions to drive the growth of the embodied intelligence sector, emphasizing the importance of technology and market integration [18][21]

| 000820 | *ST节能 | 3.70 | 2.42 | 2.75 | 2.80 | 1.71 | | --- | --- | --- | --- | --- | --- | --- | | 301191 | 菲菱科 | 2.33 | 9.17 | 90.19 | 91.69 | 1.66 | | | 思 | | | | | | | 000681 | 视觉中 国 | 5.38 | 11.45 | 21.38 | 21.73 | 1.62 | | 002230 | 科大讯 飞 | 1.59 | 2.03 | 48.41 | 49.18 | 1.58 | | 300115 | 长盈精 密 | 9.87 | 13.64 | 22.57 | 22.93 | 1.58 | | 688766 | 普冉股 份 | 3.1 1 | 5.06 | 68.97 | 70.04 | 1.55 | | 688152 | 麒麟信 安 | 3.92 | 7.78 | 46.19 | 46.88 | 1.50 | | 301210 | 金杨股 份 | 2.69 | 13.61 | 42.18 | 42.80 | 1.46 | | ...

Group 1 - The humanoid robot concept is gaining traction, with companies like Changying Precision rising over 10%, Obit Zhongguang nearly 9%, and others like Ruikeda and Bojie shares increasing around 8% [1] - Yushu Technology launched its new humanoid robot Unitree R1 on July 25, priced starting at 39,900 yuan, featuring 26 joints and a weight of approximately 25 kg, integrating multimodal models for voice and image [1] - Tesla's CEO Elon Musk announced during the earnings call that the third version of the Optimus humanoid robot prototype will be released by the end of this year, with mass production expected to start in 2026, targeting an annual production of 1 million units within five years [1] Group 2 - According to Everbright Securities, 2025 is projected to be a breakthrough year for humanoid robot mass production, with the potential for tens of thousands of units to drive the downstream industry chain into a phase of significant growth [1] - The anticipated data collection and training from mass production is expected to address data scarcity issues, facilitating the evolution of humanoid robots towards more generalized and practical applications [1] - The company maintains a positive outlook on the humanoid robot industry based on current hardware technology trends and the progress of various manufacturers [1]

金融界消息 截至2025年7月30日收盘，震裕科技（300953）报收于96.36元，下跌4.05%，换手率 4.58%，成交量5.71万手，成交金额5.53亿元。 资金流向方面，今日主力资金净流出5825.55万元，占比成交额10.54%。其中，超大单净流出2504.28万 元、占成交额4.53%，大单净流出3321.27万元、占成交额6.01%，中单净流出流入3824.96万元、占成交 额6.92%，小单净流入2000.59万元、占成交额3.62%。 来源：金融界 天眼查商业履历信息显示，宁波震裕科技股份有限公司，成立于1994年，位于宁波市，是一家以从事金 属制品业为主的企业。企业注册资本10278.4211万人民币，实缴资本5000万人民币。公司法定代表人为 蒋震林。 通过天眼查大数据分析，宁波震裕科技股份有限公司共对外投资了15家企业，参与招投标项目34次，知 识产权方面有商标信息13条，专利信息225条，此外企业还拥有行政许可12个。 震裕科技最新一期业绩显示，截至2025一季报，公司营业总收入17.93亿元、同比增长24.24%，归属净 利润7286.10万元，同比增长38.90%，扣非净利润6 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is expected to see a significant increase in revenue and net profit, with a forecasted total revenue of 9,258 million yuan in 2025, representing a year-on-year growth of 29.86% [1] - The company's net profit attributable to shareholders is projected to reach 450.54 million yuan in 2025, reflecting a year-on-year increase of 77.41% [1] - The report highlights a strong performance in Q2 2025, with net profit expected to be between 112 to 139 million yuan, indicating a year-on-year growth of 42% to 76% [7] - The company's core business is showing stable growth, with structural components expected to generate over 25 billion yuan in revenue in the first half of 2025, a growth of over 40% year-on-year [7] - The report emphasizes the ongoing development of the company's robotics business, which is expected to contribute significantly to future profits [7] Financial Summary - Total revenue projections for the company are as follows: 6,019 million yuan in 2023, 7,129 million yuan in 2024, 9,258 million yuan in 2025, 11,516 million yuan in 2026, and 14,062 million yuan in 2027 [1] - The company's net profit is forecasted to be 42.77 million yuan in 2023, 253.95 million yuan in 2024, 450.54 million yuan in 2025, 589.48 million yuan in 2026, and 794.03 million yuan in 2027 [1] - The report provides a detailed financial outlook, including earnings per share (EPS) estimates of 0.25 yuan in 2023, 1.46 yuan in 2024, 2.60 yuan in 2025, 3.40 yuan in 2026, and 4.58 yuan in 2027 [1] - The price-to-earnings (P/E) ratio is projected to decrease from 402.37 in 2023 to 21.67 in 2027, indicating improved valuation as earnings grow [1]