瑞鹄模具：设立安徽机器人子公司，战略性布局机器人赛道

Investment Rating - The investment rating for Ruihu Mould (002997.SZ) is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's strategic moves and growth potential in the robotics sector [2]. Core Viewpoints - Ruihu Mould has established a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., with a registered capital of RMB 20 million, focusing on industrial robot manufacturing and intelligent robot development, which aligns with the company's strategic plan to explore emerging businesses [2]. - The Anhui province is actively developing its robotics industry, with Wuhu being a key area for growth, aiming to create a significant humanoid robotics industry by 2027 [4]. - Ruihu Mould is positioned as a core player in the Anhui industrial chain, closely linked with Chery Automobile, which is expected to benefit from the growth of the robotics industry in the region [4]. - The company has a robust order book in its equipment and lightweight business segments, with an order backlog of RMB 3.93 billion in automotive manufacturing equipment as of H1 2024 [4]. - The company is projected to see significant profit growth, with expected net profits of RMB 340 million, RMB 420 million, and RMB 540 million for 2024, 2025, and 2026, respectively, indicating a strong growth trajectory [4][5]. Financial Summary - Total revenue is projected to grow from RMB 1.168 billion in 2022 to RMB 4.409 billion by 2026, reflecting a compound annual growth rate (CAGR) of approximately 45% [6]. - The net profit attributable to the parent company is expected to increase from RMB 140 million in 2022 to RMB 538 million in 2026, with a CAGR of around 28% [6]. - The gross margin is anticipated to improve from 23.5% in 2022 to 25.5% in 2026, indicating enhanced operational efficiency [6]. - Earnings per share (EPS) are forecasted to rise from RMB 0.67 in 2022 to RMB 2.57 in 2026, reflecting strong profitability growth [6].