行业研究 证 券 研 究 报 告 机械行业周报（20260223-20260301） 推荐（维持） 建议关注商业航天、液冷 重点公司盈利预测、估值及投资评级 | | | | | EPS（元） | | | PE（倍） | | PB（倍） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 简称 | 代码 | 股价（元） 2025E | | 2026E | 2027E | 2025E | 2026E | 2027E | 2025E | 评级 | | 汇川技术 | 300124.SZ | 72.92 | 2.11 | 2.54 | 3.00 | 34.58 | 28.75 | 24.32 | 6.07 | 强推 | | 法兰泰克 | 603966.SH | 13.45 | 0.60 | 0.77 | 0.94 | 22.44 | 17.58 | 14.26 | 3.06 | 强推 | | 信捷电气 | 603416.SH | 56.14 | 1.83 | 2.30 | 2.78 | 30.63 | 24.44 | 20. ...

Group 1: Company Project Advancement - The company has expanded its overseas business, with its subsidiary Shenzhen Keli SanDian Technology Co., Ltd. establishing a presence in key markets such as Europe and North America. The plan includes enhancing the overseas service system and local operational capabilities to improve international competitiveness [2] Group 2: Product Development Progress - The company's subsidiary Shanghai Feixuan Sensor Technology Co., Ltd. has entered the sample testing phase for its current sensor products with clients in the robotics sector. The transition from sample testing to mass production involves a rigorous validation process, which introduces uncertainty regarding the timeline and outcomes. However, this technological breakthrough may present opportunities in high-end manufacturing fields such as humanoid robotics [3] Group 3: Strategic Initiatives - In February 2026, the company made a strategic investment in Zhongke Dynamic, which focuses on the import substitution of high-end mechanical testing equipment, covering sectors like automotive and aerospace. This investment aims to accelerate the technological development and industrialization of the invested company, potentially enhancing the company's synergy within the industry chain [4] Group 4: Shareholder Reduction - On February 5, 2026, the company announced that its controlling shareholder's associates, Lu Zhonggeng and Huang Zhaoxia, completed a share reduction plan, totaling 950,900 shares. The reason for the reduction was personal financial needs. This reduction is not expected to significantly impact the company's governance structure or ongoing operations, but market sentiment may be affected [5]

Investment Rating - The report maintains a "Recommended" rating for key companies in the electric power equipment and new energy sectors, including Ningde Times, Keda Li, and others [6][7]. Core Insights - The global photovoltaic market is expected to maintain high growth during the "14th Five-Year Plan" period, with annual new installations projected to reach 725-870 GW globally and 238-287 GW domestically [3][39]. - The electric power equipment sector is witnessing significant developments, including the approval of major grid projects and the awarding of contracts for high-voltage equipment [4][39]. - The new energy vehicle market continues to show strong momentum, with major manufacturers reporting significant year-on-year delivery increases [2][14]. Summary by Sections New Energy Vehicles - In January 2026, several new energy vehicle manufacturers reported substantial delivery growth, with NIO delivering 27,182 units (+96.1% YoY) and BYD maintaining a leading position with 210,051 units delivered [2][14][24]. - The third China All-Solid-State Battery Innovation Development Summit was held, focusing on key materials and technological advancements [2][27]. New Energy Generation - The photovoltaic industry is transitioning from scale expansion to high-quality development, with a focus on technological integration and new application scenarios [39][40]. - The cancellation of export tax rebates for photovoltaic products starting April 1, 2026, marks a shift to full market competition, pushing companies towards innovation and sustainable competitiveness [45][48]. Electric Power Equipment and Automation - The State Grid's recent tender for ultra-high voltage equipment involved 119 packages, with 115 awarded, indicating robust demand in the sector [4][39]. - The approval of the first major grid project by the National Development and Reform Commission signifies a positive outlook for infrastructure development in the electric power sector [4][39]. Commercial Aerospace - The domestic first "one rocket, 36 satellites" satellite launch technology facility has been accepted, indicating advancements in commercial aerospace capabilities [5]. Market Performance - The electric power equipment and new energy sector saw a weekly increase of 2.20%, outperforming the Shanghai Composite Index, with lithium battery and solar indices showing significant gains [1].

Core Viewpoint - The company, Keli Sensor, emphasizes its commitment to core technology research and product innovation, achieving significant breakthroughs in key performance indicators of some products, reaching an advanced level compared to similar domestic products [1] Group 1 - The company's subsidiary, Shenzhen Keli San Dian Technology Co., Ltd., is focused on core technology development and product innovation [1] - Some products have achieved significant breakthroughs in key performance indicators, aligning with advanced domestic standards [1] - The company is actively promoting market validation and customer introduction for related products, although progress and results are subject to multiple influencing factors and uncertainties [1]

Core Viewpoint - The company is actively aligning its business strategies with national initiatives on "digital economy" and "dual carbon" strategies, focusing on opportunities in liquid cooling technology within computing power and energy storage sectors [1] Group 1 - The company is responding to investor inquiries regarding its strategic direction [1] - The company emphasizes its commitment to the development of liquid cooling technology [1] - The company aims to capitalize on growth opportunities in the computing power and energy storage fields [1]

宁波柯力传感科技股份有限公司 证券代码：603662 证券简称：柯力传感 公告编号：2026-001 关于控股股东的一致行动人集中竞价减持时间届满 暨减持结果的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 股东持股的基本情况 截至减持股份计划公告披露日前，宁波柯力传感科技股份有限公司（以下简 称"公司"）控股股东的一致行动人鲁忠耿先生持有公司 1,350,000 股，占公司总 股本比例为 0.4807%；黄朝霞女士持有公司 100,879 股，占公司总股本比例为 0.0359%。 减持计划的实施结果情况 公司于 2025 年 10 月 16 日披露了《柯力传感关于控股股东的一致行动人集 中竞价减持股份计划公告》，鲁忠耿先生以集中竞价交易方式减持所持有的公司 无限售条件流通股不超过 1,350,000 股，占公司总股本的 0.4807%；黄朝霞女士 以集中竞价交易方式减持所持有的公司无限售条件流通股不超过 100,879 股，占 公司总股本的 0.0359%。 公司于 2026 年 2 月 5 ...

Group 1 - The company Keli Sensor announced a share reduction plan by its controlling shareholders, which was disclosed on October 16, 2025 [1] - During the implementation of the reduction plan, shareholder Lu Zhonggeng reduced his holdings by 850,000 shares, accounting for 0.3027% of the company's total share capital [1] - Shareholder Huang Zhaoxia reduced her holdings by approximately 100,000 shares, accounting for 0.0359% of the company's total share capital [1]

Group 1 - The company, Keli Sensor (603662.SH), announced a share reduction plan involving two individuals, Mr. Lu Zhonggeng and Ms. Huang Zhaoxia [1] - Mr. Lu Zhonggeng reduced his holdings by 850,000 shares, representing 0.3027% of the company's total share capital [1] - Ms. Huang Zhaoxia reduced her holdings by 100,900 shares, accounting for 0.0359% of the company's total share capital [1]

Core Viewpoint - The announcement from Keli Sensor indicates that the company's controlling shareholder and their concerted actors, Lu Zhonggeng and Huang Zhaoxia, have completed their share reduction plans, with varying degrees of success in terms of the number of shares sold and the total amount raised [1] Summary by Categories Shareholder Actions - Lu Zhonggeng initially planned to reduce his holdings by up to 1,350,000 shares, which represents 0.4807% of the total share capital. He ultimately reduced his holdings by 850,000 shares, accounting for 0.3027% of the total, raising a total of 54.8223 million yuan. He did not complete the planned reduction of 500,000 shares, and his current holdings are now 500,000 shares, or 0.1780% of the total [1] - Huang Zhaoxia planned to reduce his holdings by up to 100,879 shares, which is 0.0359% of the total share capital. He successfully reduced his holdings by the full amount of 100,879 shares, raising 7.1827 million yuan, and his current holdings are now zero [1]

Core Viewpoint - The company, Keli Sensor (603662), is actively expanding its international trade operations and has established initial collaborations with clients in Germany, Spain, and India through its subsidiary, Shanghai Feixuan Sensor Technology Co., Ltd [1] Group 1 - The company has formed an external trade department in 2024 to enhance its global market presence [1] - The high-precision module products for energy storage liquid cooling systems have started to meet customer demands [1] - The company aims to seize opportunities in global energy transition and continue market expansion efforts [1]