民生证券给予银轮股份“推荐”评级，系列点评九：2025Q3业绩符合预期 具身智能加速布局

Group 1 - The core viewpoint of the report is that Minsheng Securities has given a "recommended" rating to Yinlun Co., Ltd. (002126.SZ) based on its solid performance and growth prospects [1] Group 2 - The company's Q3 2025 performance is in line with expectations, indicating stable profitability [1] - The overseas strategic upgrade has shown results, leading to a new breakthrough in global operational quality [1] - The digital energy business is set to ramp up, with continuous breakthroughs in order volume [1] - The embodied intelligence business is accelerating, with a continuously expanding product range [1]