TZTEK(SH:688003) Dong Jian Yan Bao·2025-03-05 01:08Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company being analyzed [1]. Core Insights - The company, Tianzhun Technology, is positioned as a leading visual equipment platform enterprise, focusing on the integration of artificial intelligence technology to promote industrial digitalization [16]. - Tianzhun serves various industrial sectors, including electronics, semiconductors, and new automotive industries, providing advanced visual measurement and detection equipment [16]. - The company has maintained a strong commitment to R&D since its establishment in 2005, developing two major technological systems: artificial intelligence and precision optomechanics [16]. - Tianzhun has established a customer-centric organizational structure and has served over 6,000 mid-to-high-end clients globally [16]. - The company has been involved in drafting national standards and has received multiple qualifications, including "National Enterprise Technology Center" and "National Major Instrument Special Project Undertaking Unit" [16]. Summary by Sections 1. Basic Research Information - The research was conducted on February 19, 2025, focusing on Tianzhun Technology within the general equipment industry [13]. 2. Detailed Research Institutions - Various institutions participated in the research, including Haitong Securities, Shenwan Hongyuan, Northeast Securities, Suzhou Zhenhe, and Kunyi Investment [14]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of research institutions involved [15]. 4. Main Content Information - Tianzhun's product, Star Intelligence 001, launched in November 2024, is designed for humanoid robots and serves as a high-performance intelligent controller [16][17]. - The Star Intelligence 001 utilizes NVIDIA Jetson AGX Orin, achieving a computing power of 275 TOPS, suitable for complex scenarios such as high-definition image processing and real-time data analysis [17]. - The company has expanded its business into humanoid robot control, building on its previous experience in unmanned logistics vehicles and intelligent driving domain controllers [18]. - Tianzhun's laser drilling machines are primarily used for HDI boards, IC substrates, and flexible-rigid combined boards [19]. - The company is optimistic about the future of the photovoltaic industry, focusing on product improvement and technological reserves during industry downturns [20].