Core Viewpoint - Fengmao Co., Ltd. (301459) reported its Q3 2025 financial results, showing a mixed performance with revenue growth but a significant decline in net profit [1] Financial Performance - The company's Q3 revenue reached 242 million yuan, representing a year-on-year increase of 4.46% [1] - Net profit for Q3 was 24.45 million yuan, reflecting a year-on-year decrease of 31.06% [1] - For the first three quarters, total revenue amounted to 674 million yuan, with a slight year-on-year growth of 0.58% [1] - Net profit for the first three quarters was 84.94 million yuan, down 27.74% compared to the previous year [1] - Basic earnings per share stood at 0.82 yuan [1]

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、董事会会议召开情况 浙江丰茂科技股份有限公司（以下简称"公司"）第二届董事会第十七次会议 于 2025 年 10 月 24 日（星期五）在公司会议室以现场表决方式召开。会议通知 已于 2025 年 10 月 19 日通过短信及专人送达的方式送达各位董事。本次会议由 董事长蒋春雷先生主持。本次会议应出席董事 9 人，实际出席董事 9 人，公司高 管列席本次会议。会议召开符合有关法律、法规、规章和《公司章程》的规定。 二、董事会会议审议情况 证券代码：301459 证券简称：丰茂股份 公告编号：2025-066 浙江丰茂科技股份有限公司 第二届董事会第十七次会议决议公告 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第三季度报告》（公告编号：2025-067）。本议案已经董事会审计委员会审议 通过。 三、备查文件 1、第二届董事会第十七次会议决议； 2、第二届董事会审计委员会 2025 年第四次会议决议。 特此公告。 浙江丰茂科技股份有限公司董事会 2025 年 10 ...

Financial Performance - The company's revenue for Q3 2025 was CNY 241,896,572.67, representing a 4.46% increase year-over-year[5] - Net profit attributable to shareholders decreased by 31.06% to CNY 24,451,667.01 for the quarter[5] - The basic earnings per share (EPS) fell by 47.73% to CNY 0.23[5] - Total operating revenue for Q3 2025 reached ¥674,226,444.40, a slight increase of 0.13% compared to ¥670,348,543.16 in the same period last year[22] - Net profit for the period was ¥84,365,090.16, representing a decrease of 28.24% from ¥117,553,460.81 in the previous year[23] - Total comprehensive income for the period was CNY 84,365,090.16, compared to CNY 117,553,460.81 in the previous period, reflecting a decrease of approximately 28.2%[24] - Basic and diluted earnings per share were both CNY 0.82, down from CNY 1.47 in the previous period, indicating a decline of 44.3%[24] Assets and Liabilities - Total assets increased by 3.49% to CNY 1,815,096,661.38 compared to the end of the previous year[5] - The company's total assets amounted to ¥1,815,096,661.38, an increase from ¥1,753,951,285.80 at the end of the previous period[20] - Non-current liabilities totaled ¥66,722,217.38, up from ¥44,948,262.07 in the previous year, indicating a significant increase of 48.67%[20] - The total liabilities of the company were ¥565,490,827.93, compared to ¥554,629,694.80 in the previous year, showing an increase of 1.55%[20] Cash Flow - The company reported a net cash flow from operating activities of CNY 28,488,366.46, down 16.38% year-to-date[5] - Cash inflow from operating activities totaled CNY 678,383,803.78, an increase of 8.7% from CNY 624,089,610.15 in the previous period[24] - Net cash flow from operating activities was CNY 28,488,366.46, down 16.5% from CNY 34,069,328.22 in the previous period[24] - Cash inflow from investment activities was CNY 1,057,414,764.88, up from CNY 890,194,775.44, representing an increase of 18.8%[25] - Net cash flow from investment activities was CNY 19,276,246.70, a significant improvement from a negative CNY 139,605,503.85 in the previous period[25] - Cash inflow from financing activities totaled CNY 9,232,935.20, with cash outflow amounting to CNY 42,348,749.56, resulting in a net cash flow of CNY -33,115,814.36[25] - The ending cash and cash equivalents balance was CNY 328,748,668.57, compared to CNY 445,363,389.65 at the end of the previous period, reflecting a decrease of 26.2%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,499[12] - Ningbo Fengmao Investment Holding Co., Ltd. holds 59.93% of shares, totaling 62,400,000 shares[12] - The total number of restricted shares at the end of the period is 78,022,829, with 18,022,829 shares added during the period[16] - The company plans to release additional restricted shares on December 13, 2026, including 14,400,000 shares from Ningbo Fengmao Investment Holding Co., Ltd.[16] - The number of shares held by the top 10 shareholders includes significant stakes from natural persons and non-state-owned legal entities[12] Operational Highlights - The company’s construction in progress increased by 666.56% to CNY 162,680,083.00, indicating expansion efforts[9] - Research and development expenses for the quarter were ¥33,444,970.73, slightly down from ¥34,467,825.40 year-on-year[22] - The company’s cash flow from operating activities remains a focus for future growth strategies and market expansion initiatives[20] Other Financial Metrics - Government subsidies recognized during the period amounted to CNY 6,923,092.55, contributing to the financial results[6] - The company’s weighted average return on equity decreased to 2.02%, down 1.11 percentage points from the previous year[5] - The company reported a financial income of ¥4,027,669.51, down from ¥7,589,693.74 in the previous year, indicating a decline of 46.96%[22] - Total operating costs increased to ¥587,428,956.34, up 8.13% from ¥543,302,925.77 year-on-year[22] Reporting and Audit - The company did not undergo an audit for the third quarter financial report[26] - The financial report for the third quarter was released on October 25, 2025[27]

Group 1 - On October 16, Fengmao Co., Ltd. experienced a decline of 2.53% in stock price, with a transaction volume of 37.8 million yuan. The margin trading data indicated a financing buy amount of 2.51 million yuan and a financing repayment of 3.20 million yuan, resulting in a net financing buy of -0.69 million yuan. As of October 16, the total margin trading balance was 102 million yuan [1] - The financing balance of Fengmao Co., Ltd. was 102 million yuan, accounting for 9.62% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing [1] - In terms of securities lending, there were no shares repaid or sold on October 16, with a securities lending balance of 0.00 shares, also indicating a high level compared to the 80th percentile over the past year [1] Group 2 - As of September 30, the number of shareholders of Fengmao Co., Ltd. was 8,499, an increase of 2.47% compared to the previous period. The average circulating shares per person decreased by 2.41% to 3,070 shares [2] - For the first half of 2025, Fengmao Co., Ltd. reported an operating income of 432 million yuan, a year-on-year decrease of 1.47%, and a net profit attributable to the parent company of 60.49 million yuan, down 26.31% year-on-year [2] - Since its A-share listing, Fengmao Co., Ltd. has distributed a total of 72 million yuan in dividends [3]

Core Insights - Fengmao Co., Ltd. is actively engaging with various robotics companies, including Yushu Technology, to explore the application of precision rubber components in robotics, marking a significant milestone in its robotics business development [1] - The company has established a dedicated robotics division and is focusing its R&D efforts on developing high-precision transmission belts and sealing components for robots, with a notable increase in R&D investment [2] - The current expansion of Fengmao's business aligns with favorable policies and market conditions for the robotics industry, creating opportunities for domestic companies to replace foreign brands [3] Company Developments - Fengmao reported a revenue of 432 million yuan and a net profit of 60.49 million yuan in the first half of 2025, providing financial support for its robotics business expansion [2] - The company has formed a complete organizational system from material R&D to product delivery, with sales of its transmission and sealing system components already initiated [2] - The collaboration with Yushu Technology is expected to enhance customer orders and create benchmark cases that can extend to other robotics sectors, such as home appliances and underwater robots [4] Industry Context - The Chinese government's "14th Five-Year Plan" prioritizes the robotics industry, with policies promoting the autonomy of core components, benefiting domestic manufacturers [3] - The demand for industrial and humanoid robots is surging, opening up significant market opportunities for precision rubber components [3] - The market for sealing components in humanoid robots is projected to reach approximately 400 million yuan as production scales up, with Fengmao positioned to capture a substantial share due to its existing client base and technical expertise [4]

Core Viewpoint - Fengmao Co., Ltd. has successfully acquired a state-owned land use right for 72.77 million yuan to build an "Intelligent Chassis Thermal Control System Production Base (Phase I)" project, marking a significant step in its capacity layout in the core components of the new energy vehicle sector [1] Group 1: Land Acquisition and Project Development - The acquired land will leverage the mature industrial ecosystem in the surrounding area, which is home to an automotive parts industry cluster, facilitating reduced production and logistics costs [1] - The company plans to invest no more than 1.5 billion yuan in the construction of the production base, with the land acquisition being a critical step from planning to implementation [1] Group 2: Financial Performance - In the first half of 2025, the company reported approximately 432 million yuan in revenue and about 60 million yuan in net profit, indicating a gradual recovery in operations [2] - In Q2 2025, revenue reached approximately 237 million yuan, reflecting a quarter-on-quarter growth of 20.78%, while net profit increased by 10.59% to around 32 million yuan [2] Group 3: Strategic Expansion - The establishment of the Intelligent Chassis Thermal Control Production Base is a key move for the company to expand into the automotive new business sector, with plans for a "dual-base linkage" capacity layout [2] - In addition to the new base in Yuyao, the company will also build a commercial vehicle parts production base in Jinan, focusing on core components for commercial vehicles [2] Group 4: Product Development - The company is accelerating the development of a diversified product matrix, including lightweight air spring products for passenger vehicles and thermal management components for electric vehicles [3] - A notable order of 170 million yuan has been secured from a well-known domestic automaker, covering a project cycle from 2025 to 2031, which supports stable revenue growth [3] Group 5: Growth Logic and Market Strategy - The company is focusing on its core transmission system business while expanding into international markets, with a new production base in Thailand set to begin operations in the second half of 2025 [4] - The domestic transmission system revenue for the first half of 2025 was approximately 170 million yuan, showing a year-on-year growth of 19.44%, highlighting the resilience of the main business [4] Group 6: Non-Automotive Sector Expansion - The company is actively exploring new growth points in non-automotive sectors, including partnerships in the low-altitude economy and rail transportation [5] - A dedicated robotics division has been established, with sales of transmission and sealing system components already initiated, indicating a multi-track growth strategy [5]

Core Viewpoint - The company has successfully acquired the land use rights for a state-owned construction site, which will support its strategic project in the production of intelligent chassis thermal control systems, enhancing its market competitiveness and industrial layout [1] Summary by Categories Acquisition Details - The company won the land use rights for the plot numbered 2025-29 for a total of RMB 72.77 million [1] - The agreement was signed with the Yuyao City Natural Resources and Planning Bureau [1] Project Relevance - The acquired land is designated for the company's fundraising project, specifically the "Intelligent Chassis Thermal Control System Production Base (Phase I)" [1] - This acquisition aligns with the company's operational development needs [1] Financial Impact - The funding for the land acquisition comes from the company's raised capital [1] - The transaction is not expected to have a significant adverse impact on the company's financial status or operational activities [1]

证券代码：301459 证券简称：丰茂股份 公告编号：2025-065 浙江丰茂科技股份有限公司 关于竞得土地使用权暨对外投资进展的公告 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。 浙江丰茂科技股份有限公司（以下简称 "公司"）于 2025 年 7 月 18 日召开 第二届董事会第十四次会议，并于 2025 年 8 月 6 日召开 2025 年第二次临时股东 大会，审议通过了《关于对外投资建设智能底盘热控系统生产基地项目暨拟签订 落户意向协议书的议案》，同意公司使用不超过 15 亿元人民币投资建设智能底 盘热控系统生产基地项目，并提请股东大会授权公司管理层根据项目的实际情况 办理本次投资具体事宜（包括但不限于签署项目相关协议、办理项目开工、施工 及竣工手续等）。具体内容详见公司于 2025 年 7 月 22 日在巨潮资讯网 （http://www.cninfo.com.cn）上披露的《关于对外投资建设智能底盘热控系统生 产基地项目暨拟签订落户意向协议书的公告》（公告编号：2025-045）。 近日，公司以人民币 7,277.00 万元竞得编号为 2025- ...

证券日报网讯丰茂股份（301459）10月10日在互动平台回答投资者提问时表示，截至2025年9月30日， 公司股东总户数为8499户(含信用账户)。 ...

具体而言,橡胶传动系统为机器人关节提供柔性动力传输，在机器人产品中实现高缓冲、低噪音的精准 运动控制,大幅提升复杂地形适应能力;密封系统则通过在减速器等核心部件的精密防护。 近年来，随着人工智能、传感器技术、材料科学和电机控制的飞速发展，人形机器人正从实验室走向实 际应用，成为全球科技领域最受关注的前沿方向之一。2025年中国人形机器人行业正经历从技术验证到 商业化落地的关键转折，工业制造领域已率先部署人形机器人承担高危或重复性工作，服务场景渗透加 速，政策与资本的双重加持推动产业快速成熟。中商产业研究院发布的《2025-2030年中国人形机器人 行业分析及发展前景研究预测报告》显示，2024年全球人形机器人产业规模达到约34亿美元，较上年增 长57.41%。中商产业研究院分析师预测，2025年全球人形机器人产业规模将达到53亿美元，2028年达 到206亿美元。 丰茂股份表示，公司高度重视机器人领域的发展，已成立机器人事业部。目前公司传动系统产品已应用 于工业机器人领域并实现批量供货，密封系统产品已供货中大力德（002896）、丰立智能（301368）、 绿的谐波等国内头部减速器制造企业，形成订单收入。公司 ...