研报掘金丨开源证券：维持浙江仙通“买入”评级，与浩海星空达成战略合作，开启机器人业务新篇章

Core Viewpoint - The strategic partnership between Zhejiang Xiantong and Haohai Xingkong, with Xiantong acquiring a 10% stake and forming a joint venture named Haohai Xiantong, marks a significant entry into the robotics sector, leveraging Xiantong's extensive experience in high-end precision manufacturing and quality management [1] Group 1 - Haohai Xingkong focuses on the research and innovation of embodied intelligence, commercial services, and consumer robots, creating a product line matrix that covers education, healthcare, and commercial sectors [1] - The joint venture aims to enhance Haohai Xingkong's overall delivery capabilities by establishing a robotics manufacturing base, supported by Xiantong's 30 years of experience in the automotive industry [1] - Haohai Xingkong is currently developing a series of large biped humanoid robots, with this collaboration laying the groundwork for future mass production [1] Group 2 - The Taizhou region offers a rich robotics supply chain, which will effectively reduce manufacturing costs for the joint venture [1] - Xiantong, as a leading player in the automotive sealing strip industry, boasts a self-manufacturing rate of over 90% for tooling and molds, showcasing strong cost control capabilities [1] - The company has a diverse client base, including major automotive manufacturers such as FAW-Volkswagen, SAIC Volkswagen, and Geely, which supports its stable growth and opens new avenues in the robotics business [1]