Group 1: Report General Information - The research object is Hengshuai Co., Ltd., belonging to the automotive parts industry, and the reception time was September 26, 2025 [17] - The listed company's reception staff was the board secretary, Liao Weiming [17] - The participating research institutions included ICBC Credit Suisse (a fund management company) and Guojin Securities (a securities company) [2][18] Group 2: Core Views - Harmonic magnetic field motor technology is a fundamental technological change in the motor field, with advantages such as motor lightweighting, reduced shaft current, compatibility with existing application scenarios, and cost optimization, but it also has higher manufacturing barriers [22] - The company has gradually used harmonic magnetic field motor technology for product development in automotive, industrial automation, and humanoid robot application scenarios, and is focusing on expanding the humanoid robot and machine dog fields [23] - The company plans to maintain and deepen cooperation with existing customers while actively exploring new customers and product application scenarios, and will strictly implement control measures to ensure stable and sustainable business development [24] - The company attaches great importance to R & D investment, and future specific R & D investment plans will be formulated based on comprehensive considerations of multiple factors [25]
恒帅股份分析师会议-20250926