JMPT(SZ:000700) Huaxin Securities·2025-12-16 03:33Investment Rating - The report maintains a "Buy" investment rating for the company [5] Core Insights - The company has received orders for humanoid robot components, marking its entry into the lightweight emerging application market [4] - There is a growing demand for lightweight solutions in humanoid robots, which can enhance energy efficiency and safety [4] - The company has established a strong customer base in the luxury automotive sector, which is expected to support its growth in the humanoid robotics field [4] Financial Projections - The company is projected to achieve revenues of 79.0 billion, 87.3 billion, and 96.6 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits of 4.7 billion, 6.1 billion, and 7.1 billion yuan for the same years [5] - The revenue growth rates are expected to be 10.6% annually from 2025 to 2027, while net profit growth rates are projected to be 29.7% in 2026 and 16.6% in 2027 [8]