Investment Rating - The investment rating for the company is "Buy" with a target price not specified [3][15]. Core Views - The company is actively promoting the development of humanoid robot force sensors, which includes building a dedicated R&D team and establishing testing lines for various sensors [2]. - The revenue for the first half of 2025 is reported at 550 million yuan, with a year-on-year growth of 34%, while the net profit attributable to the parent company is 42 million yuan, reflecting a year-on-year increase of 20% [8]. - The company has adjusted its net profit forecast for 2025 down to 110 million yuan due to expected increases in R&D expenses, but maintains a positive outlook on the domestic automotive sensor market and humanoid robot sensor development [2]. Financial Data Summary - For 2025, the company expects revenue to reach 1,241.02 million yuan, with a growth rate of 32% [7]. - The projected net profit attributable to the parent company for 2025 is 105.37 million yuan, with a growth rate of 27.51% [7]. - The company reported a gross margin of 27.8% for the first half of 2025, which is a decrease of 3 percentage points year-on-year [8]. - R&D expenses for the first half of 2025 totaled 38 million yuan, representing a year-on-year increase of 45% [8].
安培龙（301413）：汽车传感国产替代顺利，积极推进人形力传感器业务