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 ...

证券日报网讯丰茂股份（301459）9月24日在互动平台回答投资者提问时表示，截至2025年9月19日，公 司股东总户数为8，294户(含信用账户)。 ...

Group 1 - The company is actively engaging with various robotics companies to meet product demands in different fields, including humanoid robots, household robots, and underwater robots [1]

Investment Rating - The investment rating for Fengmao Co., Ltd. (301459) is not explicitly stated in the provided documents, but the analysis suggests a positive outlook based on strategic partnerships and growth projections [1]. Core Insights - The strategic partnership with Jianghuai Automobile aims to enhance product offerings in fluid pipeline solutions, leveraging Fengmao's R&D capabilities and Jianghuai's expertise in metal processing and lightweight materials [2]. - The collaboration is expected to establish a robust supply chain for high-end passenger vehicles, enhancing market penetration and customer resource access [2]. - The dual focus on automotive and data center liquid cooling markets is anticipated to drive growth, with significant opportunities arising from applying proven technologies in new sectors [2]. - Revenue projections for Fengmao Co., Ltd. are estimated at 1.09 billion, 1.47 billion, and 1.79 billion yuan for 2025, 2026, and 2027 respectively, with net profits expected to reach 186 million, 260 million, and 317 million yuan in the same years [3]. Financial Summary - Total revenue for 2023 is reported at 802 million yuan, with a year-on-year growth rate of 31.8%. Projections indicate continued growth with 949 million yuan in 2024 and 1.09 billion yuan in 2025 [3]. - The net profit attributable to the parent company for 2023 is 138 million yuan, with a growth rate of 35.1%, and is expected to grow to 186 million yuan in 2025 [3]. - The gross margin is projected to remain stable around 30% over the forecast period, indicating consistent profitability [3]. - Earnings per share (EPS) are forecasted to increase from 1.33 yuan in 2023 to 3.05 yuan by 2027, reflecting strong earnings growth [3].