机器人概念股绿的谐波控股股东拟减持，毛利率已连续下滑

Core Viewpoint - The leading company in the robotics sector, Greentech Harmonic, announced a share reduction plan by its controlling shareholders, which is not expected to significantly impact the company's governance or ongoing operations [1] Company Overview - Greentech Harmonic specializes in key components for robotics, including harmonic reducers, planetary roller screws, and precision parts, which are critical for the value of robots [1] - The company is focusing on lightweight technology breakthroughs for harmonic reducers, achieving over 30% weight reduction while developing micro harmonic reducers suitable for dexterous hands [2] Financial Performance - Despite an increase in sales volume of harmonic reducers, the company's gross margin has been declining, with gross margins recorded at 48.69%, 41.14%, and 37.54% for the years 2022, 2023, and 2024 respectively [3] - The gross margin for industrial and service robot components in 2024 is projected at 36.60%, a decrease of 4.42 percentage points year-on-year [3] - The sales volume of harmonic reducers is expected to reach 246,500 units in 2024, reflecting a year-on-year increase of 16.56% [3] Market Trends - The Asian market, particularly China, is identified as the largest growth engine for industrial robots, driven by expansions in strategic industries such as new energy vehicles, lithium batteries, and photovoltaics [4] - The service robot market is anticipated to grow rapidly due to changes in global demographics, with applications expanding in various fields [4] Strategic Outlook - Greentech Harmonic remains optimistic about the industrial automation and robotics industry, aiming to become a leading global supplier of core transmission components and assemblies for robots and intelligent equipment [5]