柯力传感（603662）：国内应变式传感器龙头，布局机器人大有可为

Investment Rating - The investment rating for the company is "Buy" [11]. Core Viewpoints - The company has maintained the leading position in the domestic strain gauge sensor market for 14 consecutive years and is gradually moving towards the center of the industrial IoT ecosystem. The global industrial IoT market size reached USD 98.086 billion in 2021 and is expected to grow to USD 303.859 billion by 2027, with a CAGR of 20.74%, indicating a vast market space. The company is focusing on "sensors + IoT" for stable internal development and is actively expanding into the robotics sector, which presents new growth opportunities [2][6][9]. Summary by Relevant Sections Company Overview - The company, established in 1995, is a major player in the global weighing field and a pioneer in the industrial IoT sector. It specializes in various physical quantity sensors, weighing instruments, electronic weighing systems, and complete industrial IoT systems [21][22]. Market Development - The industrial IoT is entering a new era, with the global market expected to grow significantly. The sensor market is a core component of this growth, with the global sensor market size reaching USD 171.03 billion in 2021 and projected to reach USD 203.36 billion in 2023. The Chinese sensor market is also expected to grow from CNY 290.52 billion in 2021 to CNY 404.46 billion in 2023 [7][54]. Business Performance - The company has shown steady growth, with a CAGR of 9.29% in total revenue and 23.21% in net profit from 2016 to 2023. In 2023, the company achieved revenue of CNY 1.072 billion, a year-on-year increase of 1.10%, and a net profit of CNY 312 million, up 20.11% year-on-year [6][36]. Product and Revenue Structure - The company's main revenue sources are sensors, instruments, and system integration products, which together account for over 80% of total revenue. In 2023, the revenue from mechanical sensors and instruments accounted for 61.88%, while industrial IoT and system integration products contributed 29.33% [39][46]. Robotics Sector - The company is actively laying out its strategy in the robotics sensor market, which is expected to become a new growth point. The demand for six-dimensional force sensors in humanoid robots is anticipated to increase significantly, providing a substantial market opportunity for the company [8][9].