【私募调研记录】东方港湾调研领益智造

Group 1 - The core viewpoint of the news is that Dongfang Gangwan, a well-known private equity firm, recently conducted research on a listed company, Lingyi iTech, highlighting its strong financial performance and technological capabilities [1] - In the first half of 2025, Lingyi iTech is projected to achieve revenue of 23.625 billion yuan, representing a year-on-year growth of 23.35%, and a net profit of 930 million yuan, with a year-on-year increase of 35.94% [1] - The company's terminal business revenue is expected to be 20.865 billion yuan, while its automotive and low-altitude economy business is projected to generate 1.183 billion yuan, and other business revenues are estimated at 1.577 billion yuan [1] Group 2 - Lingyi iTech possesses core technologies in humanoid robotics, including servo motors and reducers, and has secured domestic and international orders, positioning itself as one of the top three manufacturers of embodied intelligent hardware globally [1] - The company is expanding into the AI server sector, focusing on cooling and power supply capabilities, and has established a joint venture with Bohua Xinda and Boke Electronics [1] - Lingyi iTech has also engaged in the production of ultra-thin titanium alloy support components for Samsung's Z Fold7 and is involved in the structural components and assembly services for AI glasses [1] Group 3 - The company has repurchased shares worth 320 million yuan and plans to distribute a cash dividend of 139 million yuan, totaling a return of 459 million yuan to investors [1]