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研报掘金丨华安证券:首予三联锻造“买入”评级,更多新成长点值得期待

Core Viewpoint - Sanlian Forging is recognized as a high-quality supplier of automotive forged parts and is actively expanding into the robotics sector [1] Group 1: Product Lines and Recognition - The company has established seven product lines: hub bearings, high-pressure common rail, ball joint rods, steering knuckles, fork shafts, axles, and others [1] - Sanlian Forging has gained wide recognition from international automotive parts groups such as ZF and Schaeffler in terms of production capacity, product variety, and product quality [1] Group 2: Expansion into Robotics and Aerospace - In April 2025, the company will set up a subsidiary, Wuhu Sanlian Forging Co., Ltd., focusing on a research institute for robotics and aerospace components [1] - The main products will include planetary gear reducers, screws, shaft gears, gears, and transmission gears, which are closely related to the company's forging processes [1] Group 3: Future Growth Potential - The company has deep technical reserves and has established in-depth cooperation with several global top 100 parts groups [1] - There is an expectation for the company to gradually expand from automotive parts into the robotics and aerospace sectors, indicating potential new growth points [1] - The initial coverage of the company has been rated as "Buy" [1]