Ge Long Hui A P P·2025-12-23 09:06Core Viewpoint - Lingyi Zhi Zao's acquisition of Limin Da strengthens its server layout and drives comprehensive platform-based growth [1] Group 1: Company Strategy - Before the acquisition, the company had already initiated its server business through internal growth, achieving rapid penetration in power and liquid cooling businesses for key server clients [1] - The company has successfully positioned itself in emerging industries such as humanoid robots and AI glasses [1] Group 2: Technology and Product Development - In the humanoid robot sector, the company possesses core technologies in servo motors, reducers, drivers, and motion controllers, providing key clients with essential hardware solutions [1] - The company has established a "three-in-one" embodied intelligence strategy focusing on core component and assembly R&D, comprehensive hardware services, and complete industrial application scenario development for robots [1] Group 3: Market Position and Valuation - The company aims to become one of the top three global manufacturers of embodied intelligent hardware [1] - Current market valuations correspond to P/E ratios of 41.10, 29.79, and 24.12, maintaining a "buy" rating [1]