LS BEARINGS(SH:600592) Ge Long Hui·2025-09-08 10:03Core Viewpoint - The company is actively expanding its presence in the civil aviation support market and is making significant progress in integrating into the domestic civil aircraft industry chain [1] Group 1: Civil Aviation Market - The company is focusing on accelerating the product registration process and increasing the variety of civil aircraft support joint bearings [1] - The company has achieved notable success in the civil aviation support market, particularly in domestic substitution of imports, modularization, and aerospace engine components [1] Group 2: Hydropower Projects - The company is closely monitoring business opportunities arising from the construction of the Yarlung Tsangpo River downstream hydropower project, which is one of the largest hydropower projects globally [1] Group 3: Humanoid Robotics - The company's humanoid robotics joint bearing products are still in the development or small batch sampling and testing phase [1] - The technology and product iteration in the humanoid robotics field are rapid, with intense market competition and significant R&D investment required [1] - The business potential in this field is highly uncertain, and its contribution to the company's operating performance is extremely limited in the short term [1]