Ge Long Hui·2026-02-02 07:48Core Viewpoint - Dongfang Securities report indicates that Xinquan Co., Ltd. has signed a strategic cooperation agreement with Kaidi Co., Ltd. to enter the robotics sector, particularly in the robotic joint module field [1] Group 1: Strategic Cooperation - The partnership between Xinquan Co., Ltd. and Kaidi Co., Ltd. is expected to leverage complementary advantages, allowing the company to gradually develop research and manufacturing capabilities for robotic joint modules [1] - As the cooperation progresses, the company is anticipated to become a significant supplier in the robotics market [1] Group 2: Financial Developments - The company has announced plans for an H-share listing and intends to increase investment in its Mexican factory by 118 million yuan, reflecting strong overseas order demand and confidence in international business development [1] - With the gradual release of overseas production capacity, it is expected that the revenue and profit contribution from overseas business will continue to increase [1] Group 3: Valuation and Target Price - Comparable companies have an average PE valuation of 40 times for 2026, with a target price set at 107.20 yuan, maintaining a "buy" rating [1]