安洁科技机构评级中性，电子皮肤技术布局引关注

Core Viewpoint - Anjie Technology (002635) currently has a neutral market sentiment with no significant positive or negative news affecting its outlook [1] Institutional Insights - As of February 13, 2026, Anjie Technology is developing electronic skin technology for potential applications in humanoid robots, but has not secured any mass production orders yet [2] - The automotive sector experienced a general rise on February 10, 2026, with favorable policy signals from the Ministry of Commerce regarding the optimization of vehicle trade-in policies, which may indirectly benefit Anjie Technology's electric vehicle business [2] Stock Performance - As of February 13, 2026, Anjie Technology's stock price closed at 14.32 yuan, with a daily increase of 0.21% and a cumulative rise of 2.95% over the past five days, outperforming the market [3] - The stock is currently in a bullish trend, with a 20-day resistance level at 14.83 yuan and a support level at 13.62 yuan [3] - On that day, there was a net outflow of 7.46 million yuan from institutional investors, while retail investors showed a net inflow [3] Financial Report Analysis - For the first three quarters of 2025, Anjie Technology reported revenue of 3.483 billion yuan, a year-on-year decline of 3.06%, and a net profit attributable to shareholders of 101 million yuan, down 54.62% year-on-year [4] - The gross margin was 19.54%, and the net margin was 2.79%. In the third quarter, revenue increased by 9.87% year-on-year, but net profit decreased by 17.2% [4] - The high proportion of accounts receivable raises concerns about cash flow risks, although the current stock price is considered to be within a reasonable range [4]