研报掘金丨群益证券(香港)：维持北特科技“买进”建议，公司丝杠产能将持续攀升

Core Viewpoint - The report from Guoying Securities (Hong Kong) highlights that Beite Technology is advancing cost reduction and efficiency improvement efforts, leading to a significant increase in net profit for the first three quarters of the year [1] Financial Performance - In the first three quarters, Beite Technology recorded a net profit attributable to the parent company of 80 million yuan, representing a year-on-year increase of 52.4% [1] - The gross profit margin and period expense ratio changed by +0.1 and -2.5 percentage points year-on-year, respectively [1] Business Strategy - The company is focusing on planetary roller screws as a key business area and has established three production bases in Shanghai Jiading, Jiangsu Kunshan, and Thailand to serve domestic and international customers [1] - The annual production capacity is expected to rise to 3.4 million sets over the next two years, with plans to expand into new products such as micro screws [1] Industry Outlook - The mass production process of humanoid robots is expected to accelerate by 2026, with various robot manufacturers finalizing production plans and increasing capacity [1] - Beite Technology is positioned to benefit from its leading layout in the screw sector, which is anticipated to provide ongoing advantages in the coming years [1]