研报掘金丨爱建证券：首予铁流股份“买入”评级，积极布局机器人

Core Viewpoint - The report from Aijian Securities indicates that Tieliu Co., Ltd. is undervalued compared to its peers, with a stable automotive transmission system business and upcoming growth in high-precision component manufacturing for new energy vehicles, leading to a "buy" rating for the company [1] Group 1: Business Segments - The company operates in the automotive parts industry, covering three main segments: automotive transmission systems (including clutches, hydraulic bearings, torque converters, and brake pads), high-precision component manufacturing (such as engine high-pressure common rail system injectors and new energy vehicle motor shafts), and comprehensive service for commercial vehicle parts [1] - The automotive industry is accelerating towards electrification and intelligence, with high-precision components expected to become a core necessity, indicating significant growth potential [1] Group 2: Market Strategy - The company is actively entering the robotics sector, which aligns with the industry's trend towards embodied intelligence represented by humanoid robots [1] - Two subsidiaries, Yuntong Sifang and Guolian Qipei, are utilizing an online automotive service platform to create a new economic model for the supply chain of commercial vehicle aftermarket parts, potentially forming new growth points [1]