研报掘金丨爱建股份：首予铁流股份“买入”评级，积极布局机器人

Core Viewpoint - The report from Aijian Co. indicates that Tieliu Co.'s valuation is below the average of comparable companies, with a stable automotive transmission system business and an upcoming increase in high-precision component manufacturing for new energy vehicle motor shafts, alongside an active entry into the robotics sector, leading to an initial coverage rating of "Buy" [1] Company Overview - The company operates in the automotive parts industry, with its main business segments including automotive transmission systems (clutches, hydraulic bearings, torque converters, brake pads), high-precision component manufacturing (engine high-pressure common rail system injectors, new energy vehicle motor shafts), and comprehensive service for commercial vehicle parts [1] Industry Trends - The automotive industry is accelerating towards electrification and intelligence, extending into embodied intelligence represented by humanoid robots, which may make high-precision components a core necessity with significant growth potential [1] Growth Opportunities - The company’s two commercial vehicle parts supply chain enterprises, Yuntong Sifang and Guolian Qipei, utilize an online automotive service platform to comprehensively build a new economic model for the aftermarket parts supply chain, which may gradually form new growth points [1]