研报掘金丨华鑫证券：凯迪股份业绩有望逐步增长，维持“买入”评级

Core Viewpoint - Kaidi Co., Ltd. is a leading manufacturer in the linear drive sector, actively expanding into the humanoid robot market, with significant growth potential in the domestic market due to the current dominance of foreign companies [1] Industry Summary - The linear drive industry in China began in the early 21st century, with a relatively short development period, and foreign companies hold over 70% of the global market share, indicating substantial room for domestic alternatives [1] - The market for linear drives is promising, with applications continuously extending into various fields [1] Company Summary - Kaidi Co., Ltd. has established itself as a leading enterprise in the linear drive sector, achieving over 30% global market share in electric sofa push rods [1] - The company possesses strong technological research and development capabilities and has accumulated years of experience in linear actuators, positioning it well for future growth [1] - With a global strategic layout, the company is expected to become a leader in the embodied intelligence sector, potentially opening a second growth curve [1] - The company's performance is anticipated to gradually improve, maintaining a "buy" investment rating [1]